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Wednesday, July 31, 2019

A219 Exploring the Classical World

A219 Exploring the Classical World Essay PART ONE Look at the Illustrations Book, Plate 16: Athens: Parthenon. South metopeXXXI. Lapith and centaur. 447–439 BCE (1. 3 x 1. 3 m). In no more than 500 words: (i) briefly provide the context of this sculpture (ii) discuss the ways in which its subject matter conveyed a political message to Athenian viewers Metopes were situated on the outside of the Parthenon building they are high reliefs carved into rectangular slabs placed over the columns. There are 92 Metopes on the Parthenon building, which relate to four different myths.The Parthenon itself is a Temple dedicated to the Goddess Athena built on the Acropolis in Athens. Metope XXXI found on the southern side of the Parthenon believed to depict the Centauromachy the mythical battle between Centaurs and Lapiths. The mythical Lapith king invited the Centaurs to his wedding. Where the Centaurs got drunk and tried to abduct the bride as well as the other Lapith women. The Lapiths fo ught off the Centaurs and were victorious. (Art the Parthenon http://www. ancientgreece. com/s/Parthenon/)The Parthenon erected during the 440s- 430s’BCE was the largest of the temples on the Acropolis it was a classic Doric design which incorporated some Ionic architectural features. Even though a very impressive structure it housed the equally impressive Statue of Athena Pathenos made with Ivory and Gold, and had a separate room housing a treasury. It did not hold the most sacred image of Athena, which was a statue made of olivewood, which was within the Athena Polias Temple. This is where the Panathenaic procession ended in the early fifth century.Before the Erecthion was completed in 406 BCE (A219, DVD 2, Section3, Tracks 2-3) The other subjects of the metopes are The Trojan War, Greeks verses Amazons and The Gods verses Giants. An overall theme of order that the Greeks would prevail against non-Greeks (block2 part 2 p79) The Parthenon dominated the Acropolis and seen fro m afar it showed off the power of Athens their military prowess and the dominance of Athens over the rest of the Greek-speaking world and beyond. (Art the Parthenon http://www. ancientgreece. om/s/Parthenon/) The Parthenon was part of Pericles’ building program funded by the treasury of the Delian League, which it housed when it was completed. The political message conveyed by the subject matter of metope XXXI and the Parthenon, as a whole was one of superiority over their barbarous enemies. It portrayed barbarians non Athenians/Greeks as not having any morals, self-restraint or the ability to have reasoned rational thoughts or discussions. (OCC, p111-112) Centaurs and Amazons had become the epitome of barbarian forces who opposed the cultural and political ethos, which was predominant in Athens at that time. OCC, P148-149). The housing of the treasury of the Delian League within the Parthenon cannot be ignored either, It made it into a civic as well as religious building. Th e Delian League formed in 478 BCE against the constant threat of Persian attack. Athens did not control the funds from the formation of the league in 478 BCE they seized the opportunity to do so soon after. (BHAG, p139-140). . Athens then transferred the funds from Delos in approximately 454BCE to Athens. Athens showing its prominence to the world was also a nationalistic exercise, forging a common link among Athenians and other Greek speaking states.Bibliography Art the Parthenon, (2012 January 10) Retrieved January, 10, 2012 http://www. ancientgreece. com/s/Parthenon/) Hornblower, S. and Spawforth, A. (eds) (1998) The Oxford Companion to Classical Civilization, Oxford: Oxford University Press. (A219, DVD 2, Section3, Tracks 2-3) Pomeroy, S. B. , Burstein S. M. , Donlan W. and Roberts, J. T. (2004) A Brief History of Ancient Greece: Politics, Society and Culture, Oxford: Oxford University Press Part Two â€Å"The Athenian artistic performances and displays of the fifth century BCE were firstly and foremost a form of propaganda. Do you agree or disagree with this Statement? Answer with references to at least two of the following: the art and architecture of the Acropolis, the Ephitaphios Logos, Persians and Lysistrata Propaganda is a subjective term so for the purposes of this essay I will be using the definition provided by the (OCC, p573. ) Using Persians, Art and architecture of the Acropolis, the Ephitaphios Logos and Aristophanes Lysistrata to explore the different forms propaganda takes and whether it makes a text or piece of architecture more about propaganda than any other purpose it may serve.Before discussing these texts and architecture, it is worth noting that Pericles is closely connected to the first three items under discussion. Although Strategos at the outbreak of the Peloponnesian war he died within approx in the first two and a half years of the outbreak in429 BCE. Pericles a democratic aristocrat born in 495BCE was very successful. He was the (choregos) Chorus leader responsible for the training and paying of the festival chorus for Aeschylus’ Persians in 472BCE; he initiated the building program on the Acropolis in the 440s-430s BCE and gave the first Ephitaphios Logos of the Peloponnesian war.He was elected general (Strategos) for 29 years consecutively uncontested (OCC, p527) although democracy had been around for 50 years Pericles was the one who championed it that as well as Athenian imperialism. His peers held him in high regard. (Bhag, p145) Aeschylus’ Persians financed by Pericles is an excellent example of Integration propaganda it sought to reinforce the nature of the barbarian. Which were un-Athenian, barbarians were uneducated effeminate subject to the rule of one leader, which was anathema to the Athenian sense of superiority of mind, body and tongue.Aeschylus set the play in Persia and detailed lots of the defeat that they have suffered it was a lesson in what happens if one man rather tha n the democratic process should gain power. Persians celebrates the Greek victories over Persia and is â€Å"patting itself on the back† for having such an excellent democratic government rather than a despotic leader like Xerxes who in his hubris ransacked the temples on the Acropolis. In the speech made by Dareios (Persians lines 824-832) it is clear that the play is a moral lesson to all including the Greeks and Athenians against hubris. As well as being very pro Athenian. Block 2, part one) The Parthenon itself was both a civic and religious building its many ornate features evoking pride and citizenship. The temple was much larger than others were and could be seen from afar being high up on the Acropolis. Its large selection of decorations was superbly created the pediment pieces were fully carved all around even though they could not be viewed. On the west pediment, the dispute between Athena and Poseidon was represented competing with their chariots for the city of At hens this faced the Propylaea and could be seen from the rest of the city.The eastern pediment bore the tale of Athena’s birth from the head of Zeus. The inclusion of a second elaborate frieze, around the inside wall, that was usually viewed from afar between the outer columns. Was not a usual feature of Doric temples. The frieze believed by some scholars to evoke the Panathenaic festival is an extravagant addition to the temple. The festival is an annual event in honour of Goddess Athena’s Birthday.On the frieze itself people are depicted as well as Gods women and horseman and possibly slaves giving rise to the possibility that Athens was a society that included everybody.. This is the first instance of people being represented on a temple decoration. This could be argued that it is defiantly more about civic pride than piety. The building program, which Pericles instigated also, included the Erecthion, the Propylaea and the Temple of Athena Nike (victory) they were t o show that Athens had recovered from the Persian attack on the Acropolis in 480 BCE.The whole program was funded by money from the Delian league (Block 2, Part 2) In The Ephitaphios Logos, a version of Pericles speech by Thucydides at the end of the first year of the Peloponnesian war, he presents a very nationalistic view of Athens and of the Athenians themselves he starts out by praising the ancestors for handing down the country free and makes it clear that they did this with valour. When he states in (Reading’s book â€Å"2. 37) that, their constitution does not copy others but that others are more likely to copy it.He is saying we are the best. The speech goes on to expound the virtues of Athenian democracy and way of life and in doing so he manages to contrast it with that of life and rule in the undemocratic Greek states and non Greek lands. He seeks to instil national pride and remind the citizens of their civic duties to the state as well to fellow Athenians. As wh en a country is at war, patriotism is very important and how better to remind them of their greatness and accomplishments.It was propaganda to reinforce Athenian pride in their state and to demonize the enemy by contrasting it yet again against the mighty and great Athens. (Block 2, Part 3) , Aritophanes’Lysistrata written and performed in the twentieth year of the Peloponnesian War 411BCE was written at a time when the war was not going well for Athens they had suffered heavy losses. Things were not going to get any better for them. Political satirist Aristophanes takes the universal and â€Å"turns it upon its head†. He uses a world where mere women can outwit the men.To end a war that everybody was sick of apart from the government who had the funds to keep it going. Using all the satirist tricks of comedy, farce, parody, and a comic fool he manages to convey that the war has gone on long enough and even offers solutions with the analogy of women’s work (Lysi strata 575-587). Combining this with a good mix of the bawdy, song and dance he connects with his audience who know what the political position is at the time. In direct contrast to the above pro Athenian propaganda of Pericles’ achievements, Aristophanes Lysistrata is anti-war/Athenian propaganda. Block 2, Part Four) In conclusion, I find it hard it difficult to agree or disagree that any of the propaganda presented was the primary function of either the plays or architecture of the Acropolis. The Parthenon could very well have as much about piety as it was propaganda and the plays also had other functions Persians as a warning to all about the consequences of impiety and Lysistrata as a comedy that took the circumstances at the time so as to connect with the audience.Bibliography Hornblower, S. and Spawforth, A. (eds) (1998) The Oxford Companion to Classical Civilization, Oxford: Oxford University Press. Pomeroy, S. B. , Burstein S. M. , Donlan W. and Roberts, J. T. (2004) A Brief History of Ancient Greece: Politics, Society and Culture, Oxford: Oxford University Press Budelmann F, Hardwick L, Robson S, (2006) A219 Block 2: ‘Classical Athens’, Milton Keynes: The Open University A219 Readings Book 1, (2006) Milton Keynes: The Open University

Tuesday, July 30, 2019

Financial Analysis of Paint Industry

Financial Reporting Analysis Paint Industry (Asian Paints) Financial Reporting Analysis of Paint Industry (Asian Paints) CONTENTS Profitability Ratios †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 3 Operating Profit Margin †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 3 Industry Comparison †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚ ¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. Gross Profit Margin †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 4 Industry Comparison †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 4 Net Profit Margin†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 5 Industry Comparison †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. Earnings per share †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 6 Industry Comparison †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 6 PERFORMANCE RATIO †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢ € ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 7 Price/Earnings Ratio †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. Industry Comparison †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 7 Return on Capital Employed †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â ‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 8 Industry Comparison †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 8 DEBT COVERAGE RATIO †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. Interest Coverage Ratio †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 9 Industry Comparison †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 9 LIQUIDITY AND SOLVENCY RATIO †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 10 Current Ratio †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 0 Industry Comparison †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚ ¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 10 Quick Ratio †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 11 Industry Comparison †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 11 ACTIVITY RATIO †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 2 Inventory Turnover Ratio †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 12 Industry Comparison †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 12 3 – Step Du Pont Analysis †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 13 Asian Paints †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã ¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 3 Berger Paints †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 13 Kansai Nerolac †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 14 Akzo Nobel†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 15 CONCLUSION †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 15 Page | 2Financial Reporting Analysis of Paint Industry (Asian Paints) PROFITABILITY RATIOS OPERATING PROFIT MARGIN Operating margin is a measurement of what proportion of a company's revenue is left over after paying for variable costs of production such as wages, raw materials, etc. When looking at operating margin to determine the quality of a company, we look at the change in operating margin over time to compare the company's yearly or quarterly figures to those of its competitors. If a co mpany's margin is increasing, it is earning more per dollar of sales. The higher the margin, the better is the performance of the company.Operating Margin = Operating Income/Net Sales INDUSTRY COMPARISON 2011-12 2010-11 2009-10 2008-09 2007-08 Asian Paints 16. 81 17. 57 19. 24 13. 16 15. 83 Berger Paints 10. 61 10. 21 10. 45 8. 43 10. 08 Kansai Nerolac 12. 3 12. 88 14. 55 10. 7 14. 24 Akzo Nobel 6. 65 11. 00 12. 33 11. 89 10. 60 25 20 2011-12 15 2010-11 2009-10 10 2008-09 2007-08 5 0 Asian Paints Berger Paints Kansai Nerolac Akzo Nobel The graphs show a higher value for Asian Paints as compared to its competitors. The reason for this is the high income earned for every sale concluded. However, the ratio for all the companies is dropping over the years.Akzo Nobel has shown a sharper decline than all the others, which implies lesser income. The profit margin of the company has declined and hence OM has also declined. Page | 3 Financial Reporting Analysis of Paint Industry (Asian Paint s) GROSS PROFIT MARGIN A company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage. The gross margin represents the percentage of total sales revenue that the company retains after incurring the direct costs associated with producing the goods and services sold by a company.The higher the percentage, the more the company retains on each dollar of sales to service its other costs and obligations. Gross Margin (%)= (Revenue-Cost of Sales) / Revenue INDUSTRY COMPARISON Asian Paints 15. 61 16. 14 18. 11 11. 90 14. 62 Berger Paints 9. 19 8. 77 8. 88 7. 08 8. 69 Kansai Nerolac 10. 24 10. 70 12. 11 8. 16 11. 23 Akzo Nobel 4. 77 9. 21 10. 29 9. 53 8. 18 2011-12 2010-11 2009-10 2008-09 2007-08 20 18 16 14 12 10 8 6 4 2 0 14. 62 11. 9 18. 11 16. 14 15. 61 Percentage (%) 12. 11 10. 7 10. 24 11. 23 7. 08 8. 88 8. 77 9. 19 8. 16 8. 18 9. 53 10. 29 9. 21 Akzo Nobel 8. 69 Asian Paints Kansai NerolacBerger Paints 2008 2009 2010 2011 20 12 ? The gross profit margin percentages (GPMs) are almost constant over the years for all the four companies. Asian Paints has greater GPM than others as, being the largest company both in terms of the balance sheet and the market share; it enjoys huge economies of scale. This guarantees lower costs as compared to the competitors. ? Akzo Nobel’s GPM has dipped drastically from FY11 to FY12 and that is because of increase in the expenses. These expenses were mainly on account of hiring (employee expenses) that the company did during the financial year 2012. 4. 77 Page | 4Financial Reporting Analysis of Paint Industry (Asian Paints) NET PROFIT MARGIN The ratio of net profits to revenues for a company or business segment – typically expressed as a percentage – that shows how much of each dollar earned by the company is translated into profits. Net margins can generally be calculated as: Net Margins = Net Profit/Revenue Where Net Profit = Revenue-COGS-Operating Exp enses – Interest and Taxes INDUSTRY COMPARISON Asian Paints 2011-12 2010-11 2009-10 2008-09 2007-08 11. 38 11. 61 14. 29 7. 97 10. 28 Berger (%) 6. 61 6. 99 7. 02 5. 79 6. 79 Paints Kansai Nerolac 7. 86 9. 03 9. 04 6. 58 9. 00 Akzo Nobel 9. 60 14. 8 15. 00 31. 6 6. 30 35 30 25 20 15 10 5 0 Asian Paints Berger Paints Kansai Nerolac Akzo Nobel 2011-12 2010-11 2009-10 2008-09 2007-08 ? Net margins will vary from company to company, and certain ranges can be expected from industry to industry, as similar business constraints exist in each distinct industry. ? Here, the values are falling for all the companies, and all of them have more or less similar values. This implies that the NPM is similar for all companies. Page | 5 Financial Reporting Analysis of Paint Industry (Asian Paints) EARNINGS PER SHARE The portion of a company's profit allocated to each outstanding share of common stock.Earnings per share serve as an indicator of a company's profitability. When calculating, it is more accurate to use a weighted average number of shares outstanding over the reporting term, because the number of shares outstanding can change over time. EPS= (Net Income – Dividends on Preferred Stock) /Average Outstanding Shares INDUSTRY COMPARISON Asian Paints 2011-12 2010-11 2009-10 2008-09 2007-08 99. 92 80. 81 80. 74 37. 78 39. 12 Berger RS 5. 12 4. 29 3. 47 2. 78 2. 89 Paints Kansai Nerolac 40. 06 38. 22 61. 42 36. 59 44. 46 Akzo Nobel 54. 79 47. 94 43. 25 77. 38 15. 69 120 100 80 60 40 20 0 39. 12 37. 78 80. 74 80. 81 99. 92 44. 46 36. 9 61. 42 38. 22 40. 06 Asian Paints Kansai Nerolac 2. 89 Berger Paints 2. 78 3. 47 4. 29 5. 12 2008 2009 2010 15. 69 Akzo Nobel 2011 ? The shares of Berger paints have a Face Value of Rs. 2, hence it has a larger number of shares. On the other hand, Asian Paints has Face Value of Rs. 10 therefore it has smaller number of shares. This implies that the EPS of Berger Paints is less than Asian Paints. ? Asian Paints has the best figures in spite of adjustment of EPS. A better comparison of the EPS can be done with adjusted EPS, as it gives realistic numbers. Hence for comparing, we can multiply the EPS of Berger Paints by 5 and then compare.Also Berger paints has been the most consistent competitor throughout 5 year with steady increase in EPS. 77. 38 43. 25 47. 94 54. 79 2012 Page | 6 Financial Reporting Analysis of Paint Industry (Asian Paints) PERFORMANCE RATIOS PRICE/EARNINGS RATIO The price by earnings ratio is a valuation ratio of a company's current share price compared to its per-share earnings. A high P/E suggests that investors are expecting higher earnings growth in the future compared to companies with a lower P/E. Price Earnings ratio = (Market Value per Share) / (Earnings per Share) INDUSTRY COMPARISON 2011-12 2010-11 2009-10 2008-09 2007-08Asian Paints 31. 91 31. 35 25. 59 20. 96 30. 06 Berger Paints 20. 09 19. 86 16. 83 12. 59 12. 58 Kansai Nerolac 22. 52 21. 3 9. 92 5. 58 8. 03 Akzo Nobel 14. 64 1 6. 31 13. 85 5. 39 39. 74 45. 00 40. 00 35. 00 30. 00 25. 00 20. 00 15. 00 10. 00 5. 00 0. 00 Asian Paints Kansai Nerolac Berger Paints 8. 03 5. 58 9. 92 30. 06 20. 96 25. 59 31. 35 31. 91 21. 30 22. 52 12. 59 16. 83 19. 86 20. 90 39. 74 12. 58 Akzo Nobel 2008 2009 2010 2011 5. 39 ? A high P/E value implies future expectation of the markets from the shares of the company is high. Very high PE(price to Earning) implies an overpriced share in the market. High ROCE(Return on Capital Employed) with low PE implies that company is doing well and the price of shares will rise in future. Berger Paints in this regard stands out because it has efficiently managed the input raw material fluctuations very well. ? Asian Paints has the highest ROCE in the industry for FY12, as it is the market leader as well. Page | 7 13. 85 16. 31 14. 64 2012 Financial Reporting Analysis of Paint Industry (Asian Paints) RETURN ON CAPITAL EMPLOYED A ratio which indicates the efficiency and profitability of the ca pital investments by a company.ROCE should always be higher than the rate at which the company borrows; otherwise any increase in borrowing will reduce shareholders' earnings. ROCE = EBIT / (Total Assets – Current Liabilities) INDUSTRY COMPARISON 2011-12 2010-11 2009-10 2008-09 2007-08 Asian Paints 52. 24 55. 73 62. 84 49. 35 57. 32 Berger Paints 25. 88 26. 2 26. 64 18. 48 22. 9 Kansai Nerolac 27. 02 27. 3 26. 8 25. 4 28. 1 Akzo Nobel 17,36 14. 17 12. 94 11. 57 13. 04 70 60 50 40 30 20 10 0 57. 32 49. 35 62. 94 55. 73 52. 24 22. 9 18. 48 26. 64 26. 2 25. 88 25. 43 26. 78 27. 36 27. 02 28. 01 Asian Paints Kansai Nerolac Berger Paints 008 2009 2010 ? If (Return on Capital Employed) ROCE is high and Price to Earning is low (i. e. , it is share is available cheaply), the share is recommended. This is because the company is utilizing its capital well and the price is lower as compared to the earnings. ? Asian Paints has had a phenomenal growth in this regard. It has been very effi ciently utilizing the capital employed. This factor has been one of the distinguishing factors clearly making it market Leader. 13. 04 11. 57 12. 94 14. 17 17. 36 Akzo Nobel 2011 2012 Page | 8 Financial Reporting Analysis of Paint Industry (Asian Paints)DEBT COVERAGE RATIOS INTEREST COVERAGE RATIO A ratio used to determine how easily a company can pay interest on outstanding debt. The interest coverage ratio is calculated by dividing a company's earnings before interest and taxes (EBIT) of one period by the company's interest expenses of the same period. INDUSTRY COMPARISON 2011-12 2010-11 2009-10 2008-09 2007-08 Asian Paints 50. 66 74. 05 74. 27 55. 04 69. 73 Berger Paints 15. 14 17. 99 36. 62 8. 33 10. 28 Kansai Nerolac 340. 78 310. 54 196. 02 75. 24 112. 68 Akzo Nobel 64. 18 103. 00 116. 55 38. 29 33. 68 400 350 112. 68 75. 24 196. 02 300 250 200 69. 73 55. 4 74. 27 74. 05 50. 66 150 100 50 0 Asian Paints Products 310. 54 340. 7 Kansai Nerolac Berger Paints 8. 33 36. 62 17. 99 15 . 14 10. 28 2008 2009 2010 33. 68 38. 29 Akzo Nobel 2011 ? For Kansai Nerolac, the debt has drastically reduced from 1. 23 to 0. 09Cr in FY11-12. Therefore a very drastic drop in Interest coverage Ratio is seen for FY12. Though Akzo Nobel has no long term debt, it the short liabilities are the reason which leads to the interest expenses. ? Also, Berger Paints has seen its interest expenses increase by 50% and debt coverage ratio high indicating that it has higher interest payables.This implies that it has taken huge debts, the reason for which might be for expansion, as the other ratios for the company do not point to any problems in its earnings capability Page | 9 116. 55 103 64. 18 2012 Financial Reporting Analysis of Paint Industry (Asian Paints) LIQUIDITY AND SOLVENCY RATIOS CURRENT RATIO The current ratio, also known as liquidity ratio, is used to give an idea of the company's ability to pay back its short-term liabilities (debt and payables) with its short-term assets (cash, inventory, receivables). The higher the current ratio, the more capable the company is of paying its obligations.A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt – as there are many ways to access financing – but it is definitely not a good sign. Current Ratio = Current Assets/ Current Liabilities INDUSTRY COMPARISON 2011-12 2010-11 2009-10 2008-09 2007-08 Asian Paints 1. 07 0. 93 0. 89 1. 13 0. 99 Berger Paints 1. 44 1. 43 1. 57 1. 34 1. 15 Kansai Nerolac 1. 67 1. 518 1. 44 1. 47 1. 866 Akzo Nobel 1. 09 0. 85 0. 73 0. 79 0. 81 . 52 1. 66 2 1. 8 1. 6 0. 99 1. 13 0. 89 0. 93 1. 07 1. 4 1. 2 1 0. 8 0. 6 0. 4 0. 2 0 Asian Paints 1. 88 1. 3 1. 15 1. 34 1. 57 1. 43 1. 44 1. 53 Kansai Nerolac Berger Paints 2008 2009 2010 ? Paint industry player have typically very healthy CR ranging between 1 a nd 2. There are very few chances of their facing an insolvency problem. ? Asian Paints’ current assets have seen an increase of about 50% and Current liabilities increase by about 25%, thus leading to a greater increase in its CR from FY11 to FY12. Major increase was due to increase in cash and inventory levels compared to Asian Paints ?Akzo Nobel has experienced a huge increase in inventory production improvement and hence its figures have improved. Page | 10 0. 81 0. 79 0. 73 0. 85 1. 09 Akzo Nobel 2011 2012 Financial Reporting Analysis of Paint Industry (Asian Paints) QUICK RATIO An indicator of a company's short-term liquidity. The quick ratio measures a company's ability to meet its shortterm obligations with its most liquid assets. It is more conservative than the current ratio, as the current ratio often overestimates the company’s ability to repay its short term obligations. The higher the quick ratio better is the position of company.It is also known as the â €Å"acid-test ratio† or the â€Å"quick assets ratio†. Quick Ratio = (Current Assets – Inventories – Prepaid Expenses)/Current Liabilities INDUSTRY COMPARISON Asian Paints 0. 57 0. 34 0. 38 0. 59 0. 47 Berger Paints 1. 10 0. 99 0. 88 1. 10 1. 08 Kansai Nerolac . 84 . 74 . 79 . 99 1. 16 Akzo Nobel 0. 65 0. 48 0. 44 0. 48 0. 45 2011-12 2010-11 2009-10 2008-09 2007-08 1. 16 1. 4 1. 2 1 0. 59 0. 38 0. 34 0. 57 0. 8 1. 08 0. 79 0. 74 0. 84 1. 1 0. 88 0. 99 1. 1 0. 99 0. 6 0. 4 0. 2 0 Asian Paints Kansai Nerolac Berger Paints Akzo Nobel 2008 2009 2010 2011 ? The growth of QR has not been in line with the current ratio.The large variation for different companies is because of the huge levels of inventory (huge portion of CA). ? As compared to FY11, Asian paints inventory has increased by 20% in FY12. ? Berger paints and Kansai Nerolac figures are good, others might have issues in solvency as they have very low values of QR. 0. 48 0. 44 0. 48 0. 65 0. 47 0. 45 20 12 Page | 11 Financial Reporting Analysis of Paint Industry (Asian Paints) ACTIVITY RATIO INVENTORY TURNOVER RATIO Shows how many times a company's inventory is sold and replaced over a period. Number of days in Inventory holding i. e. (365/ Inventory Turnover Ratio), which is also directly proportional to the cost of handling inventory and should be as low as possible. Inventory Turnover Ratio = COGS / Closing Inventory INDUSTRY COMPARISON Asian Paints 7. 56 7. 08 7. 95 9. 8 8. 03 Berger Paints 5. 80 5. 87 6. 37 6. 64 5. 92 2011-12 2010-11 2009-10 2008-09 2007-08 Kansai Nerolac 6. 76 7. 17 8. 17 10. 08 9. 11 Akzo Nobel 6. 35 8. 73 11. 60 10. 20 8. 72 10 8 6 4 2 0 8. 03 9. 8 7. 95 7. 08 7. 56 12 9. 11 10. 08 8. 17 7. 17 6. 76 6. 64 6. 37 5. 87 5. 8 8. 72 10. 2 11. 6 8. 73 5. 92 Berger Paints Akzo Nobel 14 Asian Paints Kansai Nerolac 008 2009 2010 2011 2012 ? Berger paints is best in the industry, next comes Akzo Nobel and then Asian Paint. ? Sales of Akzo Nobel have increased by 70% , proportionately COGS and inventory has increased by 100%, and therefore we can observe a sharp dip in its ratio. 6. 35 Page | 12 Financial Reporting Analysis of Paint Industry (Asian Paints) 3 – STEP DU PONT ANALYSIS ? ROE = Operating efficiency * Asset Usage Efficiency * Financial Leverage ? ROE broken down into three components :†¢ Operating efficiency = Net Income / Sales †¢ Asset Use efficiency = Sales / Assets †¢ Financial Leverage = Assets / Net worthASIAN PAINTS 16 14 12 10 8 6 4 2 0 2007. 5 2008 2008. 5 2009 2009. 5 2010 2010. 5 2011 2011. 5 2012 2012. 5 Operating Efficiency Asset Usage Efficiency Financial leverage ? Operating efficiency has increased from 10. 28 in 2008 to 11. 38 in FY12. Due to higher input costs, this parameter has dipped slightly compared to last year. ? Asset Use efficiency has been improving because more and more assets are now productive that were procured in earlier years ? Financial Leverage has been flat throughout 5 years, meaning the company has largely relied on Cash or Equity rather than Debt to function.BERGER PAINTS 8 7 6 5 4 3 2 1 0 2007 2008 Operating Efficiency 2009 2010 2011 2012 2013 Asset Usage Efficiency Financial Leverage Page | 13 Financial Reporting Analysis of Paint Industry (Asian Paints) ? Operating efficiency has been varying from 6. 79 2008 to 6. 61 in FY12. Company has not been able to manage the profitability due to varying Crude oil prices. ? Asset Use efficiency has been improving because more and more assets are now productive that were procured in earlier years ? Financial Leverage has been declining throughout 5 years, which is beneficial to the company.KANSAI NEROLAC 10 9 8 7 6 5 4 3 2 1 0 2007 2008 2009 2010 2011 2012 2013 Operating efficiency Asset Usage Efficiency Financial Leverage ? Operating efficiency has been very volatile varying between from 9 in 2008 to 7. 86 in FY12. Company has not been able to manage the profitability due to varying Crude oil prices. ? Asset Use efficiency has the lowest amongst the peers that have been compared because company has not been investing in PPE Page | 14 Financial Reporting Analysis of Paint Industry (Asian Paints) AKZO NOBEL 35 30 25 20 15 10 5 0 2007 2008 2009 2010 2011 2012 2013

Monday, July 29, 2019

Company Essay Example | Topics and Well Written Essays - 750 words

Company - Essay Example ) brand positioning is vital for any company as it helps visualize the services offered by the brand and how the company may accrue the maximal benefits from the existing opportunities. In line with this argument, it is evident that brand positioning is crucial for the marketing strategies of companies (Grams, 2011; Schmid, 2013). For the case of AsiaTravel.com, the company needed to design marketing programs that may help it attract different types of clients to its business. In terms of competitive advantage, evidently AsiaTravel.com needs to make clear identification of its major competitors. Through this aspect, AsiaTravel can tell its positioning in the market, and then take the best decision that would allow it pose the strongest competition (AirTravel.com, n.d). Notably, AsiaTravel may look for similar companies that offer the same or alternative services and products in an attempt to design its competition strategy. Through this approach, the company may provide quicker, discounted and a wide array of services as opposed to its competitors. In this quest, Roll (2005) indicates that a SWOT analysis will be of use to assess the place of the company in the general market. The brand AsiaTravel.com is proud of its single product that offers three services to its clients (AirTravel.com, n.d). This is an added advantage to this company as this service provides an exceptional to other services offered by other brands. In the course of competition, AsiaTravel.com will stand out from other companies as its services are of a better quality, favorable price and flexible to its clients. McGhie (2012) is of the opinion that in the event that a company determines its brand’s strong points, the company will be on the frontline to deal with its competitors. This fact places AsiaTravel.com at a better stance over other competitors. However, AsiaTravel.com has a lot to do in its brand positioning as rebranding is only way to competitiveness and equity in the company.

Sunday, July 28, 2019

Week 4 assignment Example | Topics and Well Written Essays - 500 words

Week 4 - Assignment Example It mainly focuses on the type of work they undertake, where they get finances and the target community. The united African transition is one community organization that has a focus on African Americans. The target community for this organization is quite different from the habitat for humanity and communities in schools. The habitat for humanity has a focus on any member of the society who cannot afford a home. Communities in schools, on the other hand, focus on at-risk school going children. It is to this respect that the united African organization does not solely relate the whole community. This is a key difference from the other organizations, which are not specific to other members of a society (Marshall et. al., 2007). The habitat for humanity organization, for example, avails cheap, non-profit mortgages to the disadvantaged members of society. This means that their focus is across the board. The communities in schools also do not have a direct focus on a particular school going children. Community organizations mostly have the non-for profit system in terms of their finances. Similarly, the habitat for humanity, community in schools and the united African organization share the same system. The united African organization accepts donations and sponsorships to help the needy African American community. In terms of their workforce, they use volunteers from the local communities. In this sense, they provide jobs for the locals. This is a similar strategy applied by communities in schools. They focus on volunteers and community partners. This helps them become very cost effective. The habitat for humanity, as a non-for-profit organization, acts a center where individuals interact with the aim of viewing the world as a common habitat for humanity. It is this respect that they gather donations and grants to help the disadvantaged community members. Each community organization has a target society.

Saturday, July 27, 2019

Outline the factors which influence mental health in later life and Essay

Outline the factors which influence mental health in later life and consider how social workers can contribute to the promotion of mental health and well-being amongst older people AND their carers - Essay Example This is considered the age when one becomes an older person. According to the World Health Organization (2007), there are three age groups that older people can be divided into. The first group is older workers from the age of 55 to 64. The second group is older people from the age of 65 to 79 years while the third group is 80 years and above. These older age groups are the most diverse in terms of education, attitudes, family background, social background, hobbies, preferences and political attachments. There are six main factors that influence mental health. These are financial security, life span experiences, and structural factors such as housing, employment, social support and individual coping skills. The mental health of older people as well as their well-being issues in older people are unique and have a greater relevance to them. Retirement is an issue that has great relevance to people who are 60 to 80 years age (National Institute for Mental Health in England 2003). As much as it means relief from responsibilities, retirement also mean a loss of status, less social relationships and a reduced role in life. This age group also suffers from health and physical deterioration, changing the environment from moving their home, loss of financial stability and a loss of sense of belonging. People aged 80 years and above are found to increasingly lose friends, family members and their spouses (Lehtinen 2008). They use their sense of purpose in life and their functional ability deteriorates. These people constantly deal with bereavement, death and the fact that their own life is ending. Not all of those older people are the same. They have different values, life experiences, health, economic status and culture. When planning the promotion of the mental health for older people, all of these factors should be put into consideration. A person’s continuity through life gives them a positive history filled with experiences. This continuity gives a person

Friday, July 26, 2019

Criminal justice Term Paper Example | Topics and Well Written Essays - 1500 words

Criminal justice - Term Paper Example This paper will give the history of drug trafficking, the causes why it still continues to become a looming social problem, the negative effects it will do to the user and how the current justice system of the US government is coping with the preventive and corrective measures at present time to cure this problem. Keywords: illegal drugs, drug trade, capital punishment, death penalty, imprisonment, justice system ILLEGAL DRUG TRADE IN AMERICA Illegal drug trade has already been a part of the world culture and the number of drug dependents who get hooked on these substances continues to grow especially in the later years. Studies show that drug dependents are most likely to commit heinous crimes like, rape, murder, manslaughter, robbery, kidnapping with ransom and other serious crimes. The continued use of illegal drugs have destroyed the lives of innocent victims. The current justice system must be stricter in imposing stiffer penalties to prevent hardened criminals from ruining the society. Sherman (2010) has stated in her report that: â€Å"Drug trafficking is another term for drug trade. ... ses, the drug trafficking organizations are more powerful, better funded, and more heavily armed than the governments of the countries where they operate (Sherman 2010). HISTORY Seelke, Wyler and Beitter (2011) reported that: â€Å"Drug trafficking has been viewed as a primary threat to citizen security and U.S. interests in Latin America and the Caribbean despite decades of anti-drug efforts by the United States and partner governments. The production and trafficking of popular illicit drugs which included cocaine, marijuana, opiates, and methamphetamine is known to have generated an income worth of multi-billion dollar black market in which Latin American criminal and terrorist organizations thrive. These groups challenge state authority in source and transit countries where governments are often fragile and easily corrupted. Mexican drug trafficking organizations (DTOs) largely control the U.S. illicit drug market and have been identified by the U.S. Department of Justice as the â€Å"greatest organized crime threat to the United States.† Drug trafficking-related crime and violence in the region has escalated in recent years, raising the drug issue to the forefront of U.S. foreign policy concerns†. It is fact that dealers of these illegal drugs engage in the business of trading drugs because of the lucrative profit they will earn. The demand for the production is present so they continue to keep the illegal substances coming through any means they can think of. â€Å"Other researchers suggest that the drug enforcement and supply reduction efforts will fail because they cannot succeed in meaningfully raising the price or reducing the availability of the drugs. In this view, they is plenty of supply of traders who will run the moral, economic and physical risks of dealing

Arab and Israel Conflict Article Example | Topics and Well Written Essays - 2000 words

Arab and Israel Conflict - Article Example According to Antony Best, the real causes of the Arab-Israeli conflict were the product of distinct historical developments of the late-nineteenth century and early twentieth century which include European anti-Semitism and the rise of Zionism, the emergence of Arab nationalism and the quest for Arab independence, the Ottoman defeat in the World War I, the British mandate in Palestine, the World War II, and the Holocaust. In a reflective analysis of the pre-partition period of Palestine, it becomes lucid that the colonial influence has been a major aspect of the conflict, although there is the difference of opinion about the role of colonialism in the Arab-Israeli conflict. The World War I offered an essential opportunity for the Arab nationalists to insist on the independence of the nation through a military alliance with the British, just as it provided the opportunity for the Zionists to obtain international recognition of their aspirations in Palestine. Therefore, the Western colonial rule has influenced the emergence of Arab nationalism as well as Zionism in the Middle East which ultimately contributed to the conflict between two sides. Although there were important expectations for independence among the Arabs as well as the Jews at the end of the war, their hopes were dashed when Britain became first de facto and later de jure in control of Palestine. â€Å"Indeed, the Arab territories of the Ottoman Empire were divided up and placed under French and British mandates awarded at San Remo in 1920 and ratified by the League of Nations in 1922, a territorial division†¦ Yet, while Britain, on the one hand, was clearly expanding its power in the Middle East, on the other, it continued to back Arab, Jewish, and Armenian claims for independence, often as to undermine rival European Powers, particularly France.† (Best 2008, P. 113). It is important to realize that the British policy was mainly driven by European factors or imperial considerations which placed the British authorities in an awkward position in Palestine when the Arab-Israeli conflict escalated. With the expansion of Jewish presence in Palestine, the Zionist demands for the land increased and worsened the struggle for work. The increased Jewish immigration into Palestine due to the development of Nazism and Fascism in Europe in the 1930s also caused the Zionist demands for the land.

Thursday, July 25, 2019

Discussion in special education Essay Example | Topics and Well Written Essays - 1000 words

Discussion in special education - Essay Example The members of the team include parents and teachers, school-based professionals, therapists, physicians, and the community. A childs welfare is of primary concern to a parent and teacher. When confronted with a condition that will affect childs health or ability to learn-whether for a week, a month, a year, or for life—relatives immediately question whether the diagnosis is accurate, and to what extent the condition will inhibit or delay the childs growth. An assessment of childs educational abilities will be made before a school district can place child in a program. Children may be eligible to participate in programs if they meet established criteria. It is important to be familiar with all of the components of the assessment process because the outcomes dictate actions that the school may take on behalf of the child. In addition, an assessment also determines the types of related services a child may need and be entitled to receive (e.g., occupational therapy, physical therapy, speech therapy). These early intervention services may be critical to childs development. In this case, teachers and o ther professionals give suggestions on how to prepare a child for an accurate assessment and ensure that a positive test-taking environment is provided. Teachers describe what takes place when professionals meet with a parent to discuss the results of the assessment and suggest how to use the results of the assessment to access the services the child needs. A questionnaire is included to help parents rate level of satisfaction during each step of the process (Ashman and Elkins 1990). Parents seldom know much about budget lines and funding sources. However, parents have the right to know if the school district is properly disbursing the funds earmarked for special education students. Parents can feel discouraged, desperate, and angry when things are not going well. A teacher may have tapped all the resources available through normal

Wednesday, July 24, 2019

Recomendation Report Research Paper Example | Topics and Well Written Essays - 1000 words

Recomendation Report - Research Paper Example Employee turnover is high, while customer satisfaction is low. Professional duties comprise answering customer questions about services and possible complications regarding the use or repair of products. The quality of services is low, as noted by the customer complaints about unprofessional conduct and low quality assistance to their requests. Employees lack proper training in inter-human communications, computer use, and are insecure and inexperienced. So far, all new employees obtain only three days of training prior to their activation, and this training is based on mentorship. The knowledge gained through mentorship is limited to observations only, as the older employee must, in the meantime, assist customers as well. Combined with the lack of proper training and no opportunity for career development, employees leave the company. As a result, organizational development and training programs at the call centre will be addressed in this report. Job analysis and design represent th e first step. The former’s purpose is to improve organizational performance and productivity (Cook, 2007, Sl.7). Job analysis determines â€Å"duties and skill requirements of a job, and the kind of person who should be hired for it† (Dessler, 2002, p.60). Three components need to be analyzed. First, evaluate the organizational structure in order to determine the organization wide division of work, interrelationship of different positions and how the examined position â€Å"fits in the overall organization† (Dessler, 2002, p.62). This is where objectives are identified and refined (Cook, 2007, Sl.31). Supervisors should define long and short term goals of their departments to increase employee awareness of the company’s success. The second part is analysis of activities performed in a particular job (Dessler, 2002, p.62). Supervisors are consulted to verify the job analysis information obtained (Dessler, 2002, p.62). The third part is training of employee s, which aims at enhancing organization efficiency and job satisfaction by the employees (Clark, 2007, Sl.30). This part educates employees as per their particular position, standards, as well as provides them with tools to execute their duties according to satisfactory standards. Job Training Techniques Training will be directed toward the skills customer service representatives need in order to satisfy their customers, and also feel satisfied with their own performance. Psychological, as well as technological aspects will be addressed, such as correspondence on the phone and basics of Microsoft Office, as well as how to coordinate with the supervisor, mentor (mentee) and tech support (Everest Continuing Education, 2011 – 2012). More specifically, human performance technology will be used (Manu, 2004, p.12). This model aims to increase productivity and compliance with company goals (Manu, 2004, p.12). Causes of performance gaps have been identified. Thus, based on the object ives of the company, training guides will be designed and implemented (Manu, 2004, p.13). Performance objectives of the company and specific jobs are reflected upon job description and specification. These aspects will be clarified and taught to new, as well as older personnel. The training program will include services, measurement, and feedback requirements to the supervisor and human resources (HR); old as well as new tools and equipment; new services; and

Tuesday, July 23, 2019

A Rose for Emily- William Faulkner Essay Example | Topics and Well Written Essays - 500 words

A Rose for Emily- William Faulkner - Essay Example Faulkner opened the story with the incident of Emily’s funeral and the townsfolk’s curiosity to see the inside of her house. The events that led to Emily’s behavior would be proffered to rationalize the climax manifesting the death of Emily’s object of affection. Emily’s character continues to intrigue analysts in terms of her being a villain or the victim in the story. The story was set in the county seat of Yoknapatawpha, Jefferson where focus was placed on Emily’s house, intricately described and used as a one of the prominent symbols of the story. A general setting was exhibited where events, especially the outcome of the tragic death of Homer and its discovery, unfolded through time. The point of view of †Ã¢â‚¬â„¢our whole town’ emerges the narrator of the story who poses an interesting limited omniscient narrating position for Faulkner to control. The author designates this narrator both as part of the "our whole town" and part of the supposed objectivity through whom the reader must envision the story† (Curry, 392).

Monday, July 22, 2019

Eco 365 Supply and Demand Essay Example for Free

Eco 365 Supply and Demand Essay The supply and demand simulation shows different aspects of economic structures. Although mostly focused on microeconomics, the simulation does show a small role of macroeconomics. The principles of microeconomics would apply to drop in rent prices to increase the supply being demanded. Another microeconomic principle shown in the simulation is the rise in demand when the cost of rent is lowered. Macroeconomics principles came into play when the rise in demand for apartment was a direct product of the establishment of a new company in town. Same principles of microeconomics apply to an excess supply created by a price ceiling enforced by the government. Supply and Demand Shifts A shift in the demand curve was created when the new company brought an increase in population to Atlantis. A greater amount of people created a greater demand for the apartments. Equilibrium is reached in the demand shift by raising the price of rent to decrease demand. A supply shift was created when 400 apartments were converted into condominiums, which in turn caused a drop in supply. The equilibrium would be fixed by raising the cost to lower the demand because of a decrease in supply. Real World Application With the nutritional corporations expanding and health awareness on the rise prices of nutritional supplements are rising to meet the demand. Especially in local areas, there aren’t too many health and wellness shops that offer the best available supplements or expert advice, therefore the few local shops in town can raise the prices of their products because of high demand and low supply. Microeconomics: Supply/Demand Shifts A sudden increase in population can cause a demand shift which would either cause you to increase or decrease price reach equilibrium and maximize revenue. Supply shifts are caused by eliminating or adding supply to an economy to meet the choices of the population. Macroeconomics: Supply/Demand Shifts An increase in wages from neighboring business may cause a demand shift. This would cause a company to make changes to their prices to try to reach another target or meet the needs of the current target. A shift in supply because of macroeconomics can be caused by price ceilings or floors that would lead to a surplus or shortage of supply. Pricing Strategy Price elasticity of demand will always change the pricing strategy of a company so that they can maximize revenue, not demand. If a company figures they have low demand for their products they may lower the price so that more people become interested and vise-versa. The price elasticity is the equal to the percent change of quantity demand times the percent change in price. Price elasticity is used to figure the change in demand after a change in price (Colander, 2010). PEoD = (% Change in Quantity Demanded)/(% Change in Price) When the price of causes a change in the demand the formula will recognize that change and give you an indication of delicate that products demand is to a change in price. The higher the result equals higher sensitivity to price change (Moffatt, 2013). References Colander, D. C. (2010). Economics (8th ed.). New York, NY: McGraw-Hill. Moffatt, M. (2013). Price Elasticity of Demand. Retrieved from http://economics.about.com/cs/micfrohelp/a/priceelasticity.htm

The Melancholy In John Steinbecks Books Essay Example for Free

The Melancholy In John Steinbecks Books Essay The melancholy hussar was set in the 19th century in 1801. This was a time were woman had no lives of there own and this shows the character of Phyllis in melancholy hussar. Phylliss father treats her as an object. She is not free to do what ever she wants because she is a woman. Thomas hardy illustrates the role of woman in the melancholy hussar (1801). Woman had no role in society and women were very unimportant. Steinbeck had written his story during the American depression in the 1930. Life was very hard for men and woman because of migration, unemployment, rootlessness and instability. All these had made people very angry and this had caused racism. Crooks in of mice and men also had a very hard life because he was black. Crooks wasnt wanted near the white men, which had led to racism. On page 100, crooks says to Lennie I aint wanted in the bunkhouse and u aint wanted in my room, Lennie replied why aint you wanted in the bunk house BECAUSE IM BLACK. This had shown through text that racism was very natural. Both of these books had inequality in their texts. Curly had the most power over every one in of mice and men. In melancholy hussar Phyllis father had power over Phyllis. In melancholy hussar, the Napoleonic war was going on. The Napoleonic war was when France was at war against England. Germany were allies with England so Germany had sent some of their soldiers but the German soldiers had felt upset and lonely because they did not no English and they had no English friends to communicate with. This is what also had made them very homesick.

Sunday, July 21, 2019

Homeostasis And Goldfish Respiration Physical Education Essay

Homeostasis And Goldfish Respiration Physical Education Essay Every organism possesses a mechanism for maintaining homeostasis. Homeostasis is the ability of the body or a cell to seek and maintain a condition of equilibrium or stability within its internal environment when dealing with changes in the external environment. Regulation of temperature is most definitely the most important aspect of homeostasis. Fish are cold-blooded animals. Most fish cannot control their internal body temperatures. Most fish body temperatures change with the temperature of the water around them. In order to obtain temperature homeostasis, the fish seek colder or warmer water. They lose metabolic heat through their gills. There are different types of metabolic adaptations in fish. Temperature and blood pressure are two. Cold-blooded animals must regulate their body temperature by moving. Literary Discussion Homeostasis and the Respiration of Goldfish What is Homeostasis? Homeostasis is the ability of the body or a cell to seek and maintain a condition of equilibrium or stability within its internal environment when dealing with external changes (www.biology-online.org/dictionary/Homeostasis). The main function of homeostasis is to keep all the processes of the body stable even if there are variations in the weather and environment outside (http://www.buzzle.com/articles/what-is-homeostasis.html). Regulation of temperature is most definitely the most important aspect of homeostasis. Warm blooded animals are able to retain a more adjustable constant body temperature. In humans, homeostasis happens when the body regulates body temperature in an effort to maintain an internal temperature around 98.6 degrees Fahrenheit (http://www.biology-online.org/dictionary/Homeostasis). For instance, when it is hot outside your body sweats to cool off, and we shiver to warm up during the cold seasons. Unlike humans, most fish cannot control their internal body temperatures. Fish are cold-blooded creatures. Some fish have mechanisms to keep a healthy temperature. In order to obtain temperature homeostasis, the fish seek colder or warmer water. Certain types of fish such as tuna fish control their body temperature by a specialized heat exchange system of blood vessels. Most fish are poikilothermic which means their body temperature changes with the temperature of the water around them. For instance, if the top of a pond is frozen over, the fish swims to the bottom of the pond to try to stay at a comfortable temperature. All animals create heat from metabolic activity. Metabolic activity includes breaking down food and movement (http://www.ehow.com/facts_7433473_fish-homeostasis-different-water-temperatures.html). Animals such as fish lose metabolic heat through their gills. This happens because the heated blood that runs through vessels in the gills comes into close contact with the colder water outside, and all the heat is lo st. Many diseases are a result of disturbance of homeostasis. This condition is known as homeostatic imbalance. Every organism will lose efficiency in its control systems as it ages. Homeostatic imbalance is responsible for the physical changes associated with aging along with the internal environment. Inefficiencies gradually increase the risk for illness because of the unstable internal environment. It has been seen where alleged negative feedback mechanisms become overwhelmed and destructive positive feedback mechanisms then take over. Negative feedback is mainly how homeostasis is maintained, and positive feedback includes processes like blood clotting (http://www.biology-online.org/biology-forum/about2004.html). In maintaining homeostasis, the kidneys, liver, and brain are the organs in which play an important role. The kidneys are responsible for controlling blood water level, and regulation of salt and ion content in the blood. The liver performs the function of stabilizing carbohydrate metabolism and metabolizing toxic substances (http://www.buzzle.com/articles/what-is-homeostasis.htm.l) Whereas, the brain helps in controlling the autonomic nervous system and the endocrine system. Dehydration, hypertension, diabetes, hypoglycemia, etc are major homeostatic imbalance health problems. Homeostasis is extremely important for proper functioning of all human body systems. Enzymes even need a specific constant temperature to work at their optimum level. At higher temperatures, the enzymes will stop working. Homeostasis occurs to all humans, animals, and plants and is needed for us to stay healthy and alive. There are different types of metabolic adaptations in fish. Temperature and blood pressure are two examples. Body temperature for a fish mainly depends on the temperature of the water that the fish is in. This is the same for a fish in a tank, lake, pond, river, ocean, etc. A fish body adjusts to the temperature where the fish will be comfortable in the water. Cold-blooded animals cannot generate their own body heat; they must regulate their body temperature by moving. Absorptive and post absorptive are two metabolic states. Digestion, strength, respiration, salt and water balance, and heart rate are also included in this category. Glycolysis is an anaerobic metabolic pathway. Homeostasis in fish as well as in humans adjusts when the environment that it is in adjusts. If a fish is swimming in polluted water, the water is going to affect the fish. Its going to affect the fishs vision, the fishs breathing, and many other things. Just like polluted air causes humans to get a disease or any other illness, a fish can get a disease or illness as well. The temperature will affect the pace of the fish similar to the temperature affecting the pace of humans. Homeostasis, in biological terms means that the body is maintaining internal equilibrium to adjust internally and physiologically, in response to the external environmental changes(http://www.buzzle.com/articles/what-is-homeostasis.html). The main function of homeostasis is to keep all the processes of the body stable even if there are variations in the weather and environment outside (http://www.buzzle.com/articles/what-is-homeostasis.html). Regulation of temperature is most definitely the most important aspect of homeostasis. Vocabulary Effectors-are muscles or glands which work in response to the stimulus received from the motor nerves(http://www.tutorvista.com/content/biology/biology-ii/control-and-coordination/receptors-and-effectors.php). Receptors-are structures at the ends of the nerve fibers that collect the information to be conducted by the nerves (http://www.tutorvista.com/content/biology/biology-ii/control-and-coordination/receptors-and-effectors.php). Nares (Nostrils)-the nasal passages (http://dictionary.reference.com/browse/nares). Mouth-the opening in which an animal or human takes in food, liquid, oxygen, etc. (http://dictionary.reference.com/browse/mouth?s=t) Eyes- the organ of sight, in vertebrates typically one of a pair of spherical bodies contained in an orbit of the skull and in humans appearing externally as a dense, white, curved membrane, or sclera, surrounding a circular, colored portion, or iris, that is covered by a clear, curved membrane, or cornea, and in the center of which is an opening, or pupil, through which light passes to the retina.( http://dictionary.reference.com/browse/eyes?s=t) Operculum-the gill cover; a part or organ serving as a lid or cover, as a covering flap on a seed vessel. (http://dictionary.reference.com/browse/operculum?s=t) Lateral Line-the line, or system of lines, of sensory structures along the head and sides of fishes, by which the animal is believed to detect water current and pressure changes and vibrations. (http://dictionary.reference.com/browse/late-ral+line?s=t) Soft Dorsal Fins-the fin or finlike integumentary expansion generally developed on the back of aquatic vertebrates.( http://www.earthlife.net/fish/fins.html) Pectoral Fins-(in fishes) either of a pair of fins usually situated behind the head, one on each side, and corresponding to the forelimbs of higher vertebrates.( http://www.earthlife.net/fish/fins.html) Pelvic Fins-(in fishes) either of a pair of fins on the lower surface of the body, corresponding to the hind limbs of a land vertebrate; ventral fin.( http://www.earthlife.net/fish/fins.html) Gills-the respiratory organ of aquatic animals, as fish, that breathe oxygen dissolved in water.( http://dictionary.reference.com/browse/gills?s=t) Scales-one of the hard, bony or dentinal plates, either flat or denticulate, forming the covering of certain other animals, as fishes.( http://dictionary.reference.com/browse/scales?s=t) Vent-the anal or excretory opening of animals, especially of those below mammals, as birds and reptiles.( http://dictionary.reference.com/browse/vent?o=100074) Peduncle-a stalk or stem; a stalk like part or structure.( http://dictionary.reference.com/browse/peduncle?s=t) Anal Fin- the median, unpaired fin on the ventral margin between the anus and the caudal fin in fishes.( http://dictionary.reference.com/browse/anal+fin?s=t) Two-Chambered Heart-including one atrium and one ventricle.( http://en.wikipedia.org/wiki/Atrium_(heart) Jaws- either of two bones, the mandible or maxilla, forming the framework of the mouth.( http://dictionary.reference.com/browse/jaws?s=ts) Equilibrium-a state of rest or balance due to the equal action of opposing forces. Vertebrates- are animals that have a spine or backbones.( http://dictionary.reference.com/browse/equilibrium?s=t) Cold-blooded- designating or pertaining to animals, as fishes and reptiles, whose blood temperature ranges from the freezing point upward, in accordance with the temperature of the surrounding medium.( http://dictionary.reference.com/browse/cold-blooded?s=t) Ventilation-combination of movement of operculum and the floor of the mouth.( http://www.biology-resources.com/fish-01.html) Question, Hypothesis, Materials, and Procedure Question: Do various temperatures of water effect the way a fish breathe? Hypothesis- Cold water: Cold water will affect the way a fish breathe. A fish will take deeper, slower, and less breathes. Room Temperature Water: The amount of breaths a fish breathes will be normal. Hot water: Hot water will cause the fish to taker deeper breaths that are faster. Fish will inhale and exhale more breathes in hot water. Materials- Two fish Small sized container/fish tank Hot water Cold water Room temperature water Notebook/paper Pen/pencil Thermometer timer Procedure- First, set aside a bowl of water to get it to be room temperature. While that sits, create a table with three rows and eight columns. Label the first row experimental sample. Label the next two rows fish one and fish two. Label the columns room temperature, number of breaths, cold water temperature, breaths, hot water temperature, and breaths. Then, get extremely cold water and pour it into the container/fish bowl. Take the first fish and put it in the container with the cold water. Take the thermometer and put it in the bowl of water; wait till the meter stops moving. Record the temperature of the water. Next, set your timer to sixty seconds. Start the timer and count how many breaths the fish takes until the timer goes off. Record the time. Take the fish and thermometer out of the water and pour the water out. Pour the hot water into the container/fish tank and put the previous fish back into the container. Take the thermometer and sit it in the bowl until the meter stops. Record the temperature. Like before, set the timer to sixty seconds and count how many breaths the fish takes in that time. Record your results. After that, take the fish out along with the thermometer. Empty the container of the water. By this time the water that was set aside should be room temperature. Take that water and empty it into the container/fish tank and put the previous fish and thermometer in the bowl. Record the temperature of the water. Set the timer and count the breaths taken again. Record your results before taking the fish and thermometer out. Pour out the water. Repeat this process with the other fish and new water. Bar Graph and Frequency Table Experimental Sample Room Temperature Number of Breaths Warm Temperature Number of Breaths Cold Temperature Number of Breaths Time Fish #1 22Â ° C 89 27Â ° C 91 25Â ° C 59 60 sec Fish #2 23Â ° C 84 27Â ° C 69 25Â ° C 66 60 sec What is a fish? What is the mechanism in which fish breathe in water? A fish is any cold-blooded vertebrate animal that lives in water (http://www.myuniversalfacts.com/2006/03/how-do-fish-breathe.html). Fish live in nearly any water habitat and can be found in many different varieties of climatic conditions from near-freezing Arctic waters to the hot desert springs. Animals that live on land have a different respiratory system from aquatic animals such as fish. A fish is capable of breathing under water without taking frequent trips to the surface to breathe air unlike a whale which is a marine animal. This is because fish have gills. It is a process to fish breathing. First, water in the fishs surrounding enters its mouth. Water enters the mouth by the operculum and a very effective pumping system that involves the mouth. As a fish pumps water through the gills it opens and closes its mouth. Water is drawn into the mouth after the fish opens its mouth and the operculum closes. After water enters the fishs mouth it passes through a structure. This structure is called gill rakers. The gill rakers act as a filter system by straining out particles such as food or any other foreign particles that may have entered the mouth from the inflow of water. Next, the filtered water travels through the gill arches hence passing over the gills. Projected out into the water flow allows water to flow across the lamellae are gill filaments. Resulting, oxygen and carbon dioxide are exchanged directly across the capillary membrane. As water flows through the gills, the dissolved oxygen passes into blood circulating through the gill structures. The gill structures include the filaments and lamellae. Simultaneously, carbon dioxide which is the waste product, in the fishs bloodstream passes into the water. It is then carried away and out of the body through the operculum. This is the process by which fish breathe also know as respiration. Resources and References http://www.biology-resources.com/fish-01.html http://en.wikipedia.org/wiki/Fish http://www.myuniversalfacts.com/2006/03/how-do-fish-breathe.html http://teachers.guardian.co.uk/Guardian_RootRepository/Saras/ContentPackaging/UploadRepository/learnpremium/Lesson/learnpremium/scienc~00/post16~00/biology/exchan~00/gaseou~01/gaseou~01/breath~00/default.htm http://www.tutorvista.com/content/biology/biology-ii/control-and-coordination/receptors-and-effectors.php http://encyclopedia2.thefreedictionary.com/Two+chambered+heart http://www.dictionary.com http://en.wikipedia.org/wiki/Atrium_(heart http://www.earthlife.net/fish/fins.html

Saturday, July 20, 2019

Stereo-typical Characteristics of the Old West Lawman :: Sociology Essays Research Papers

Marshall Matt Dillon - Stereo-typical Characteristics of the Old West Lawman The sound of pounding horse hooves and the piercing ricochet of a gunshot break the silence over the radio. As theme music begins to play, an announcers voice is heard, Around Dodge City and in the territory out West, theres just one way to handle the killers and the spoilers, and thats with the US Marshall and the smell of gun smoke. (Radio Spirits) Thus begins the program Gunsmoke, a program in which the hero, United States Marshall Matt Dillon, personifies the stereotypical old-west lawman through his lonely, compassionate, and judge-mental character. At the beginning of every episode, Dillon begins by making an opening statement, where he identifies himself as, Matt Dillon, United States Marshall a man watchful and a little lonely. (Radio Spirits) In Johnny Reb, this loneliness is portrayed though a private conversation with Kitty, the saloon manager. In this dialogue, Kitty is expressing her desires for a normal life with a house, husband, and children. These desires, while mutual for both Dillon and Kitty are fantasies because they both know that they will never get out of the West. While, A body does get mighty lonely (Johnny Reb), Dillon understand that the western man is a wanderer, always searching for that mythical pot-of-gold at the end of the rainbow. Also his life consists of co-existing with other lawmen, gunfighters, and saloon girls for friends and of remembrances of loved ones spread across the country, seldom heard from. (Ben Tollivers Stud). Possibly because they were lonely, or because they were gentlemen, the typical western lawman was very compassionate. The listener sees this trait through Matt Dillon in virtually every episode. In Ben Tollivers Stud Dillons compassion was toward Tolliver who was mistreated by his former boss. It was shown toward Mrs. Crail in Johnny Reb whom he thought was getting robbed by an outlaw, and in Twenty-twenty toward his friend Troy Carver. Dillon felt so much compassion in this particular episode that it led him to break his promise not to get involved in Carvers business, in an attempt to save his life. Yet even though Dillon was compassionate, he was also quite judge-mental, another characteristic of the typical hero of the West. By falsely assuming men killed other men (Ben Tollivers Stud), and automatically assuming that if a man has a record he is up to no good and a liar, (Johnny Reb) Dillon portrays his judgments in a negative manner.

Friday, July 19, 2019

What is life without ignorance? :: essays research papers

What is life without Suffering? We all suffer from being ignorant. Is it possible to end your ignorance? According to the Buddhist theory it is. It is possible to end your ignorance and all personal desire to eventually become enlightened and reach Nirvana, which is utter peace. Ending your ignorance will in turn end suffering. The Buddha taught that there were many natural occurrences that led up to ignorance and that we all are capable of liberating ourselves from. It is true that we all have desires that our unmet and it causes problems in our lives. It is also true that the world is full of hunger, war, death, and over all misery and pain. But what would our world be without problems. If we all were enlightened and free of all our ignorance then our lives and world would be incredibly boring and uneventful. We don’t like having problems and challenges but our lives are about working through problems and overcoming and learning. Ignorance does cause many problems but knowing everything about our world can often bring you down instead of up. Losing ignorance is very important in maturing and evolving as a person but losing your ignorance is not the end to all your suffering. There is no end to suffering, there are breaks but there is no end. According to the bandits theory life is full of misery and pain. Everything we have and want brings some sort of pain to our lives. We fear losing what we have and we always want more. Buddhists believe we all are born with this feeling and that we all cling to objects in this world for enjoyment. We all have a lot of natural desires because we are all human beings with brains, senses, and feelings. All of this makes us get impressions of what we want, what we want to be, and what we think should happen. This causes us all to have some ignorance to many different things and ideas. It is correct that our lives are full of misery and pain. We also are all ignorant, but having ignorance and some suffering in your life is what makes our world what it is, it is what makes our lives interesting. The problems and obstacles that we have in our lives help us change and help us grow. If you eliminate all of your problems and all your desires, what do you have to live for?

Key Events Leading to Revolutionary War Essay -- essays research paper

Events Leading to the Revolutionary War In the 18th century, world advances were made through ones connections. The closer relationship one had with the king, the better opportunity they have. Cronyism allows people with less talent to rise in society. However, living in colonies reduced the influence of cronyism. One could rise economically and socially through hard work and good fortune. In Britain, King George III appointed George Grenville as first minister with responsibility for solving the debt crisis of the Seven Years’ war. The British at home were highly taxed so it seemed reasonable to tax the Americans as well. The Parliament taxing the colonists without representation led to some of the key events leading to the American Revolution. The Stamp Act was a tax created by the Parliament that required people to buy stamps for paper transactions such as newspapers, legal documents and playing cards. The stamps were to be bought only with specie, which was hard to get because it was scarce. The colonists mostly used paper money or credit. This tax affected everyone in the colonies, from the wealthy to the poor, to business owners, to lawyers, and even commoners. Colonial assemblies saw the stamp act as infringement on their power. Not even people with authority in the colonies had a say on these taxes. Other groups saw it as a nuisance and as legislation that could increase cronyism and dependence on political connections. The colonists protested against the Stamp Act; they threatened and attacked the people who distributed the stamps and formed groups to lead protests. The â€Å"Sons of Liberty† was a group who led some of the protests and also organized networks to boycott British goods. In 1776 the Stamp Act w as repealed. The king and the Parliament both agreed that the Stamp Act was a bad idea but still felt that the colonists needed to be taxed. The Parliament then put out the Declatory Act which asserts the right to tax Britain including all of its colonies. Since Parliament felt that the Colonists still needed to be taxed, the Townshend Revenue Act of 1767 conceived by Charles Townshend was passed. This was a tax on imported goods such as paint, teas, glass, paper and lead. It also authorized courts to crack down on smuggled merchandise. This tax was not any better than the Stamp act. â€Å"It raised revenue without the approval of colonial assemblies and... ...ed the First Continental Congress. They met to discuss the declaration of their rights, but were not ready to declare independence. They took a militant stance by saying â€Å"Everyone qualified to fight should learn ‘the art of war as soon as possible, and†¦appear under arms at least once a week† (Ayers 143). They also created an economic boycott, ending all trade with Great Britain. The Committees of Observation and Safety was made to enforce the ban on local trade through elected local committees. King George III considered this as a rebellion and took forceful action in the battles of Lexington and Concord. Only 8 colonists died and out of 700 British soldiers, 73 died and 202 were missing or wounded. They were harassed back to Boston and surrounded by militias. Being taxed by the parliament only makes the colonists realize that they don’t need to take orders from the British anymore. Resisting those taxes became a war for independence. They no longer need to have ties to a country that they have nothing to do with. By protesting against the parliament the colonists were finding that they can self-govern themselves, rather than having to rely on the parliament to do it for them.

Thursday, July 18, 2019

Direct and Indirect Cash Flow Essay

(According to â€Å"According to â€Å"What Is The Difference Between The Direct Method And The Indirect Method For The Statement Of Cash Flows?† (2004-2014),) â€Å"The main difference between the direct method and the indirect method involves the cash flows from operating activities, the first section of the statement of cash flows. (There is no difference in the cash flows reported in the investing and financing activities sections.) Under the direct method, the cash flows from operating activities will include the amounts for lines such as cash from customers and cash paid to suppliers. In contrast, the indirect method will show net income followed by the adjustments needed to convert the total net income to the cash amount from operating activities. The direct method must also provide a reconciliation of net income to the cash provided by operating activities. This is done automatically under the indirect method. Nearly all corporations prepare the statement of cash flows using the indirect method.† The reason for financial accounting standards board allows both methods are simple. Both statements of cash flow preparation methods are allowable under basic accounting standards. â€Å"The Financial Accounting Standards Board, however, prefers the direct method for the statement of cash flows. FASB prefers the method because business stakeholders find the statement easier to read than the indirect statement of cash flows. Companies prefer the indirect method as it is easier to prepare since the financial information is already at hand. Companies can include disclosures with either the direct or indirect statement of cash flows. These disclosures can detail any non-cash financing and investing activities. FASB often requires disclosures with the statement of cash flows. Companies can prepare a secondary statement noting any significant non-cash activities for stakeholders† (â€Å"Direct Vs. Indirect Cash Flow Method†, 1999-2014). References What is the difference between the direct method and the indirect method for the statement of cash flows? (2004-2014). Retrieved from http://www.accountingcoach.com Direct vs. Indirect Cash Flow Method. (1999-2014). Retrieved from http://www.ehow.com

Wednesday, July 17, 2019

Literary Analysis in the Scarlet Letter

raven 1 In Nathaniel Hawthornes book, The Scarlet Letter, the phrase Opposites force does non always ring true. much(prenominal) is the case amidst a tender(a) beauty and an aging scholar. Through Hawthornes use of figurative speech and im datery, he creates a wintertime- boundary affinityship in the midst of the 2 fonts Roger Chillingworth and Hester Prynne, which ultimately leads to Hesters d possessf each. The character Hester Prynnes unparalle guide y prohibitedhful beauty and concupiscent nature makes her the perfect embodiment of spring.Early on in the text, Hawthorne says She had dark and abundant cop, so burnished that it threw off the sunshine with a gleam, and a face which, besides organism beautiful from regularity of feature and fetidness of complexion, . . . (50) This picturesque description of Hester is used to not only to show her beauty, tho as well how her beauty is so fresh and vibrant. Her hair creation describe as glossy and abundant alludes to her spring-like qualities because in spring, all plants and creatures argon new and plentiful in number. Hesters position as universe a new mother also makes her typic of spring, because both represent fertility and new action.Hawthorne even goes as far as saying with the infant at her bosom, an reject to remind him of the image if Divine maternalism (53) Hawthorne employ this comparison portrays Hester as being a perfect representation of fertility, nigh to a god-like degree. It is Raven 2 undeniable that spring is the more or less benign and lenient time. Hawthorne almost directly states that Hester is spring when he says, Hesters nature showed itself warm and flush a well-spring of hu troops tenderness, un-failing to every true(a) demand, and inexhaustible by the macroscopicst. (146) This is why Hesters demeanor and character also contributes to her embodying spring. make up by saying that her nature was warm, Hawthorne adds to Hesters emblemism, because spring is the first normalize where tenderness is introduced the warm quality it possesses is also why spring is considered friendly, because it is the savior subsequently a cold, hard winter. Roger Chillingworth represents winter in every possible aspect. His demeanor and display both are strong manifest of how he symbolizes the season of cold.When he is examining Hesters health in the jail, he had a gaze that made her heart ricochet and shudder, and yet so strange and so cold,.. (67) His cold demeanor directly relates to how winter is the coldest of all the seasons. Even something as unbiased as his gaze made Hesters heart, which is the warmth of spring, shudder and get smaller. This parallels how a winter hoar can fling off off the warmth and vibrancy of spring. Chillingworths appearance also contributes to him symbolizing winter.He is described as a man well-stricken in years, a pale, thin, scholar-like visage (55) Winter is the season where things get old, barren, and start d ecaying. So Hawthorne advisedly describes Chillingworth as old, pale, and thin to make the most obvious statement of how the man and season are so closely related. Chillingworth is anything but a thriving individual being thin and pale, he possesses the attributes that a sickly, perhaps dying, would have. Chillingworths insatiable appetite for vindicate against Dimmesdale also lends to him being seen as a representation of winter.Winter, by itself, is a symbol for wrath and revenge. So when Hawthorne says that This un euphoric man had made the very principle of his life torevenge. (232), he is showing the uncanny similarities between Chillingworth and winter. Raven 3 Finally, Chillingworths own name alludes to how he embodies winter. The first 8 letters of his name spell out chilling, which can only be associated with the cold temperatures in winter. The vast leaving between the two characters Hester Prynne and Roger Chillingworth leads to the rapid descent and incompatibilit y of their birth and to Hesters downfall.Chillingworth is right away to admit how unrealistic his expectations of their relationship are when he says I, - a man already in decay, what had I to do with juvenility and beauty like thine own (69) Chillingworth, describing himself as a man already in decay re-instills how he represents winter, which is the season where all things decay and die. He also says that mine was the first wrong, when I betrayed thy budding young into a false and unnatural relation with my decay. (70) Hawthornes use of figurative language is ingenious when he describes Hesters age as a budding offspring. Flowers begin to bud at the radical of spring, so by describing Hesters youth as budding, Hawthorne gives Hester spring-like qualities. The combination of the two prior quotes explains why a relationship between winter and spring could neer endure in harmony. Chillingworth and Hester are two entirely antithetical individuals Chillingworths cold frost h alted any hope of the seedling of love to contract within Hesters heart.Chillingworth acknowledges this fact when he says My heart was a habitation large enough for many guests, but lonely(a) and chill, and without a household fire. (69) In the end, a relationship between this pair could never mould. Hesters lack of love for Chillingworth led her to commit the sin of adultery, her ultimate downfall. When Chillingworth says from the split second when we came down the old church steps together, a married pair, I index have beheld the bale-fire of that scarlet letter glary at the end of our path (69) its as if he knew that Hester would cheat on him all along. Hesters downfall was requisite because Chillingworth could not make her love him receivable to them coming from two entirely different places winter and spring. Raven 4 The character Hester Prynne experiences a downfall due to the winter-spring relationship established between her and Roger Chillingworth, which Hawthorne illustrates by exploitation the literary devices of figurative language and imagery.By using the characters as symbols for seasons, the meaning of why a relationship between the two characters cannot work is intensified and given depth. Through this particular(prenominal) analysis of The Scarlet Letter by Nathaniel Hawthorne, readers can perhaps see that when two people are so tout ensemble different from one another, a happy relationship cannot exist love is never going to grow in spring when it is halted by a winter frost. Raven 5 Works Cited Hawthorne, Nathaniel. The Scarlet Letter. 1850. peeled York Bantam Dell, 2003. Print.

Tuesday, July 16, 2019

Coke Zero Essay

Coke Zero Essay

1. Some industry analysts think soft-drink companies should develop products how that will bring new customers into the market rather than just creating variants on the old. They warn deeds that products like Coke Zero will cannibalize epic lost market share from other soft drink different categories instead of increasing the number of consumers overall. Which Coca-Cola products what are most likely to lose customers to Coke Zero?Since hot Coke Zero is targeting Men, I think that medical regular Coca-Cola, Diet Coke, and Diet metallurgical Coke Plus will all lose some of their customers to Coke Zero.So as a consequence, it was born.I consider also disagree with Coca-Cola company targeting only men – I first think they should promote it to women as well. They really do have a great affect when the word â€Å"zero† is in it’s name. Men aren’t the only ones that want to lose a few extra pounds while still enjoying a Coca-Cola carbonated beverage – they just don’t want all the extra calories or sugar.3.Its possible that Sprite Zero and several others may wind up becoming Sprite equal Zero Sugar and other variants on.

Coke No white Sugar is sold in 25 markets, but it is easy going to be known as Coke absolute Zero Sugar in the uk and the usa.Despite the fact deeds that merchandise are being marketed by Coca cold Cola all around the globe theyve utilized promotion techniques wired and different advertisements across the world.The next explanation is that individuals who drink Coke are not likely to deadly forfeit Cokes taste.Coke, needless to say, learned the difficult way that the first great majority of Coke drinkers do not total want Coke to be cool, they would like it to be Coke.

If once again its consumed in moderation, diet Coke is likewise not good bad for your wellbeing.Both Coke Zero and fat Diet Coke will nevertheless be available.In a statement on their site, the brand explains the gap between both much-loved cans.Because they will be gone 21, if you are seeking to find any metallurgical Coke Zero goods, then you must last get them.

Monday, July 15, 2019

HUM History and Methods of Science Essay

companionable views and grow denoted scientist, in general, as soulfulnesss who cost disparate from the putting surfaceplace association. This melodic theme is gener onlyy because scientists brisk with a crocked faith to their scope and their argument is astray base on the data- ground attitude of the surroundings they lived in. Because of this, scientist tillages and lifestyles ar squ atomic number 18ly touch with their disposal philosophies and scientific principles. The thought of parley is likewise include in the sympathetic cultures and philosophies that atomic number 18 modify by the belief in the scientific world.In this idea, scientists do run to give-up the ghost with their colleagues in a manner, which is signifi crappert based on their scientific principles. there chat is astray a posteriori in temperament that they slant to let bulge themselves and debate out through and through proving the hardship of their education in an empiric record. Scientists opinions and ideas argon unceasingly support with genuine and scientific proofs whenever they plow it with their colleagues. by this manner, scientist fuel and argon wangle to match the rigour of their assignments whenever they pass with their gallant scientist as they are all governed by their scientific principles and philosophies. some former(a) common hack in the conference expressions of the scientist is that they hunt to carry on individually of their opinions and ideas to other scientific concepts or genuine events and phenomenon. This is credibly public in nature, as their transaction requires them to be broad-minded and hyper vital in their eye socket.Their dialogue horizon is often critical and analytic in nature whenever they state something or divergence an idea. Hus, from this concepts and ideas, unity female genital organ actually delay that employment and then such as the field of attainment can excise t he kind-hearted culture and personalisedized sort of an individual as with the object lesson of the society of scientist. In this concept, the look of scientist towards their profession becomes common in nature frankincense bear upon their unconditional and personal conversation aspect in general.

Sunday, July 14, 2019

Formal Education Vs. Informal Education Essay

atomic number 18 you or your chela receiving an cultivation that fits your fixings? If non and so when would make up off be a reli fitting judgment of conviction to front into that? Adults and children promptly or loosely unmindful(p violenticate) of how reproduction is cosmos presented do to the position that they argon barg precisely mindful of adept undecided of foster grow. Of words close of us in entirely be wholly innate(p) and raised(a) on the feed ashes which is foe bureau of proverb prescribed didactics, precisely or so tidy sum beginnert look that in that location is an teemingness in s incessantlyal(predicate) types of pedagogics. We fix alto necessitateher perceive of clubby drills and betroth naturalizes, precisely when those ar serious rails non take aimment.Yes they argon precept to a full file exactly on that spot atomic number 18 further dickens types of reproduction, and they argon oft f ought and fenced roughly which carteinal is offend. Those deuce types of program line ar noble give slightonsing and sluttish instruction. In directlys inn dole let on ar create princip each(prenominal)y on ethical motive and beliefs that argon passed pot by dint of the political wisdom and mettlesome turn back unclouded collard channel men. unfortunately batch atomic number 18 adequate frequently(prenominal) and lots asleep of sexual tuition. light rearing is c bendse than dinner localize genteelness do to the unbroken milieu diversity and surface political program that a do a lineing method lacks. intimate fosterage is purify and should be mix in with form- unaccompanied(prenominal) phylogeny to tint a accredited manly concern date. The year ii railyard and bakers dozen to mean solar day we panorama to perplex evolved in our educateingingal practices. raze nowadays multitude be sightly a lot(prenomi nal) apt in chunk instruction by dint of the age that the ply pop outline was introduced. alas though with that we excessively let been increment low gear out and sw alto moveherow vulgar sense. That is primarily to do with up to nowing g bear offendment. umpteen commonwealth communicate what is conventional tuition? level(p)ing gown preparation is pedagogy presented in a prestiges egress in which at that place atomic number 18 incompatible levels accomplished.The levels cosmos unsophisticated condition, put School, game School, and last college. sightedness that at that place atomic number 18 una c be levels to be staring(a)d makes a much(prenominal)(prenominal) center greet on bringing upal activity which in the coherent pass away go out adjoin your in putigence, do to scatty to complete the final assess which is college. yet by doing this some hatful blindly dischargeion into college only for f solelyting what t hey meld versed in center(a) tutor and charge in high spirits indoctrinate. form-only(prenominal) grooming is in addition actually squeeze and non open up in m either former(a)wise looks. prescribed genteelness prep ars atomic number 18 lots opinionated what to teach ground on what the further aboutming wants.With most of the recitely readings author liberation to the political sympathies and states. That leads black-tie ameliorate schools to having a echt shut computer programme and non macrocosm able to witness impertinent the corner or affirm either separate owns. With prescribed statement creation a unravel organisation and a constrict broadcast, you female genital organ take up that in call of college expectations you be intelligent, much(prenominal)over in pictorial maintains you atomic number 18 non. repair a direction what is slack Education. allow me partake an desire with you in the beginning i tell you. You be give c atomic number 18 inhabit what a glob ca theatrical role is right?You brave out a stiff garnish such as a grounds or a wearing app atomic number 18l and you go to a sincerely on lodge kindly even sot, muchover whatsoever when you be non togged up officially? You hunt sight to hasten more original liberty and you sugar to be meliorate on opposite types of app arl. intimate culture the liberal costume place to nominal array such as a dress or suit. In the sympathetic beings of internal development in that location is no escape governance. It is in concise primary grooming precisely in a modernized form. And with being no track down system the states be non k nonted with the broadcast which style you stick to to decide impertinent(a) the disaster and experience far more than globe discipline could ever teach you. more population surround which is founder when most muckle genuinely lean more towar ds prescribed live onledge, moreover surely for an fosterageal activityal stand point loose education is better. in that respect argon some factors to bugger off into scat when explaining the tenableness in positive education is better than prescribed education. premiere let me explain environmental reasons to this. flavour at titular education you calculate that both day you ar in the genuinely(prenominal) blocks of yres and you argon unendingly encircled by the analogous mass. With that you ar non actually experiencing variant types of commonwealth beca routine you argon build upon having the identical mint accepte out the school year.You ar non heart-to-heart to variant personalities or characteristics do to concourse adapting to your own and go more like you. idle education on the former(a) glide by you argon assailable to the akin family room, only when there ar normally contrasting passel in your class daily, and much even antithetical teachers. With that your are not adapting to reliable personalities notwithstanding you are adapting to a living way of spirit which is being meet eternally with unlike mint. some other function argued strongly is the experience range. testicle education gives you a rattling destine curriculum not allowing you to experience other occasions that are more important outback(a) of school. near of the things in perfunctory ameliorate school consecrate only to school and not in the documentary globe although english, science and some math is an exception. cozy education allows you to larn galore(postnominal) diverse prospectives on genuine subjects and you really get to experience a lot more than what the state narrows it down too. screw such as distinguishable mint normally occasional, variant subjects eitherday and when a subject is ever retaught, it is taught by a distinguishable commandment make a polar point of dateing.The education in an lax school is commonly rudimentary things that you would choose in middle school, that sack more into nut education it buzz offs to be return to galore(postnominal) contrary areas in a real humanness concomitant, and subprogram some(prenominal) variant ways. In a stiff education school you are taught more mature things that alleviate develop the oral sex, exactly has no hold in the right(prenominal) world. In at presents buckram amend schools we are all taught that fellowship is office save that is really an understatement. What use do you hold of acquired association if you dont even get laid how to apply it in a real world circumstance? topographic point proven. established amend schools right away are cogitate to much upon how to alleviate you get to the abutting tincture of the be given quite an than service of process you understand the use of the cultivation provided. maculation nut education has a heavy(p) actuate on th e wit development wise, it lacks numerous another(prenominal) uses outside of its buildings. In imposing education on the other has some experiences that are less march on and whitethorn not elevate or develop the brain much. but now if subtle how to use star magic spell of salient nurture acquired and it making you develop very successful. therefore all the other information obtained that had no transformational judge was just a waistline of time. unconstipated today umpteen a(prenominal) pot happen education beyond high school as a waist of time, and the ones that extol imposing education argue greatly on the belief. The biggest thing that affects people otherwise in glob or cosy schools is the lookout that is carried with out the course. When beg a well-ordered extend system school which starts at primary school we are all well-known(prenominal) with the contrary mailing use to present bearing status. The bluish dining table representing subtile demeanour. The jet plane razz representing safe(p) bearing. The yellowed card representing behavior that call for attention, and lastly the red card representing drab behavior.What people do not know is the physiological egressuate that the card game hold towards the child. When developing up we are all taught right from wrong, but it is now human spirit to counsel only on the problems. With that verbalize many propagation in mere(a) school kids are oftentimes punish more than rewarded, and many clock simply hold for the well-be chip ind they piddle done. When solace exploitation at a teenaged age there brains start adapting and internalizing what they are contact by. more time do kids get let loose at for there miss behavior and even penalise frequently.And not so often do the kids get praised with the equal occur of vigor they were being penalize for. With so weensy button button towards the grave and rewarding, and so much sacking towards big(a) there starts to bugger off an derangement of emotions. In the want status the educatees feel like they are abortive and not applaudable replete for whats to come. With that they start growing up with these feelings and in the eagle-eyed run do not have the ablaze receive to beat any dreams or goals. opus during wanton education every student is enured every bit and is not so much punished as they are rewarded. This in the big run carries the opposite effect than in formal education.