Vulnerable Population Homeless Mothers Essay Example | Topics and Well Written Essays - 2750 words

Helpless Population Homeless Mothers - Essay Example In light of mental issue, destitute moms are at expanded inconvenience as they are less inclined to use open help assets, are alienated from family and other encouraging groups of people, have expanded paces of detainment, and experience unbalanced medical issues. All the while, mental scatters among destitute moms related to history of youth sexual maltreatment, the experience of grown-up accomplice viciousness, and a PTSD conclusion make this populace bunch being incredibly helpless against substance misuse. With the ID of two wellbeing related issues of destitute moms, this paper examinations these issues from the general wellbeing viewpoint and from the point of view of national Healthy People 2010 program. Paper demonstrates different mediation programs just as national supporting methodologies intending to help destitute moms and increment their personal satisfaction and wellbeing. Today, vagrancy is all over and has various appearances. Social endeavors tending to vagrancy extend from help to recovery with associations expecting to offer help administrations to upgrade the personal satisfaction of destitute people, offer types of assistance that adjust the course of vagrancy bringing about independence and long haul autonomous living, or are determined to closure vagrancy through and through (US Interagency Council on Homelessness, 2008). From the commonsense point of view, it is hard to create generalizable factual data with respect to the pervasiveness and segment attributes of vagrancy. Basically, the best way to appraise the quantity of destitute people is to make a cross-sectional evaluation in a particular area during a particular timeframe. Along these lines data about who is destitute shifts relying upon the long stretch of appraisal, the geographic area evaluated, and member enrollment and information assortment systems (Burt, 2001). All things consid ered, it is realized that families comprise a prevailing social gathering found among the briefly destitute. Near a large portion of a million families are evaluated to be destitute every year making up around 33% of the destitute populace (HUD, 2007). Most by far of these families are African American or other minority gathering (Whaley, 2002). Most by far of destitute families incorporate a 20+ years old single parent with kids commonly more youthful than six years old (HUD, 2007; Weinreb et al, 2006). Pushcart and Zimmer (1999) allude to this as the feminization of neediness (p. 51) which is intelligent of gendered variations in business, training, and family obligations. The ladies who get themselves destitute regularly have exhausted their last help, be it a relative, a companion, or a monetary asset (Rog and Buckner, 2007). Concentrating on destitute moms isn't an excusal of the predicament of destitute single parents; notwithstanding, the level of fathers bringing youngsters up in covers, transitional offices, in the city, or other nonconventional lodging circumstance is strikingly lower than that of destitute moms (16% dad headed destitute families versus 84% mother-headed (HUD, 2007; Schindler and Coley, 2007)). Along these lines, while the encounters and needs of destitute dads are significant, most by far of famil ies encountering vagrancy are going by single parents, therefore destitute moms' medical problems, challenges and instructive procedures

Neolithic Revolution Paper Essay Example

Neolithic Revolution Paper Essay Example Neolithic Revolution Paper Essay Neolithic Revolution Paper Essay The Neolithic transformation prepared for present day people to progress in all parts of day by day life. During the Paleolithic time early people lived migrant ways of life and went with their more distant family. In the event that early people hadnt unearthed far mining we wouldnt have the social, financial, or strict establishments expected to frame a progress. In any case, the disclosure of a more prominent food source doesnt fundamentally mea n better lives for everybody. Farming has its drawbacks and lead to subjection, patriarch y, and the adjustment of nature. The disclosure of horticulture finished the way to m Idem people to turn into a propelled human progress. At the point when early people started to cultivate it made a social structure for present civic establishments (Crash Course). Social structures are social associations based o n comparable qualities between various connections. These social structures started Neolithic towns, for example, Mesopotamia in which when individuals started to cultivate it I dead to a food overflow. Mesopotamia was situated between the Euphrates and Tigris rive fails and is an incredible case of an early Neolithic town(Crash Course). Individuals frequently g ether around dependable assets which is the reason you see such a significant number of civic establishments around r Fivers (Acknowledge). In any case, cultivating is a truly entangled movement. So hard that pee individuals started to oppress other people and use them to make a free human la four power (Crash Course). This made a social progressive system in Mesopotamia where the SSL overhang are at the base of the chain and lords were at the top (Hierarchy Structure). Purchase tin scrounging social orders they lived in separated areas and had roaming ways of life. The eye lived any place it was wealthy in game and had reasonable nourishments (Acknowledge). The revelation of cultivating inevitably lead to work specialization.

Pasadena High Essay

Pasadena High Essay Pasadena High Essay Human life can't be estimated by to what extent one lives or the personal satisfaction one drove. Humanities heritage is surveyed by ones good, social, and profound convictions. To the investigation of societies society can examine the bunch methods for being brought into Essence by human brain. By inspecting imperiled societies, society can watch singular conviction, progress, debasement, political predominance, and even the impacts of worldwide globalization. At long last society is attempting to check the ethics of progressing in the direction of more prominent's benefit supper and that is done through responding to the old inquiry, what is one life worth? Presently the current discussion is what is one life worth? To genuinely comprehend this inquiry each human needs to take a gander at their own convictions and decide whether man was brought into the world with regular conceived rights. Rather than moving in the direction of a fair-minded humankind where social assorted variety is available, mankind ought to be moving in the direction of advancing in the field of social resilience. The manner in which this can be cultivated is through instruction. Showing people the methods for others exhibits likenesses of humankind which mankind all in all will in general neglect. As people we as a whole offer the equivalent subjective capacities so it is nothing unexpected that we as a whole move, sing, and communicate. It is the beat of the move, and the tune of the tune that set societies apart. Until individuals discover that there is positively no correct method for living there will consistently be debasement. Yet, through general training, people can

What Does Dilute Mean in Chemistry

AÂ  solution containing a relatively small quantity of solute as compared with the amount of solvent. This term is the opposite of concentrated.

The Negative Effect Of Stereotypes - 1613 Words

The Negative Effect of Stereotypes in Comedy We all laugh at the things we see in the media that are perceived as funny; whether it be appropriate or offensive. One of the most popular subjects that comedians and comedy shows rely on is stereotypes. Stereotypes play a large role in society and the everyday lives of individuals. These stereotypes have resulted in blurred assumptions of others based on what we see and hear in the media. The use of stereotypes in comedy to make something funny has a negative effect. [PUT SOMETHING HERE] â€Å"Most people tell themselves to not believe stereotypes. But they do because they always see it, it’s in the back of their minds† (Kan, par. 2). The stereotypical content that we see, hear, and laugh at has a†¦show more content†¦The â€Å"funny† six-second videos posted on Vine that are discussed in this article show stereotypical behavior of black people versus white people. One stereotype described in this article is the violent and irresponsible black girl, wh o throws her baby to her friend so she can fight and the blonde â€Å"Starbucks-loving† white girl who asks her friend to hold her purse and coffee so that she can fight. Brundidge made a valid point by saying, â€Å"Many people nationwide are unaccustomed to blacks, so seeing things like that become their primary perception and when they encounter a black person they have a pre-conceived notion of us† (Kan, par. 17). I have found this to be true. When we see individuals, who belong to a certain group or do not look like us, we take the knowledge that we have received about them from the media and we automatically assume that the knowledge that we have acquired from stereotypical comedy is true. Racial stereotypes can also have a negative effect on a person’s health. Pre-assumptions, low self-esteem, and weight gain are only a few of the negative results of racial stereotyping. [PUT SOMETHING HERE] â€Å"Hispanics who associated themselves with stereotypes, such as being â€Å"lazy,† wereShow MoreRelatedNegative Effect Of Gender Stereotype1503 Words   |  7 Pagesvery relevant for the real world. The overall purpose of this study is to examine or proof the negative effects of gender stereotype in girls. The purpose has the potential to elaborate suggestions for future research. This study aim to assess children from 5 to 6 in novel and try hard games in order to demonstrates that girls’ intellectual abilities and interests in smart fields are affected by stereotype genders by the age of six. Additionally, it clearly states the variables and it addresses realRead MoreRacial Stereotypes And Its Negative Effects On Our Society2016 Words   |  9 Pag esa whole cannot help but judge one another. A stereotype is a fixed belief about someone’s religion, gender, or social group. Stereotypes can have positive and negative affects on our society. Often times, people use stereotypes to belittle a group of people. An example of a racial stereotype would include all Hispanics being illegal immigrants. Racial stereotypes always favor the race of the holder and put down other races. People use racial stereotypes because it is human nature to recognize patternsRead MoreUnderstanding the Obama Effect1068 Words   |  5 PagesThe â€Å"Obama Effect† is a theory that combats the effects of negative stereotyping, which is when a group confirms a negative social stereotype for their social group. For example, a negative stereotype is Black-Americans perform worse on tests than White-Americans, and when Black-Americans are made aware of the stereotype before testing, they perform worse than White-Americans. The â€Å"Obama Effectà ¢â‚¬  is an effect which combats the negative stereotype. When a stereotype-defying role model is very salientRead MoreAging Of Aging And Aging Essay1652 Words   |  7 PagesAs individuals age, their mental state is a large predictor of how the person will age. A positive mental state about aging, will have a more positive effect on a person’s aging process. Many factors may influence the positivity of aging, such as negative aging stereotypes and discrimination because of older age. These negative aging stereotypes include but are not limited to: older adults are not as smart, older adults are angry all the time, older adults are bad drivers, older adults are isolatedRead MoreStereotype Threat And Its Effect On Social Group836 Words   |  4 PagesWhen reminding individuals about the existing stereotype on a specific task of their social group and their membership in this specific social group, these individuals perform worse on the specific task (Steele Aronson, 199 5 in Krendl, Richeson, Kelley, Heatherton, 2008). This phenomenon is called stereotype threat. Stereotype threat is stated as the performance reducer when a negative stereotype message about someone’s own group is made salient to evaluate the performance and any of the member’sRead MoreThe Fallacies of Sterotyping Essay558 Words   |  3 Pagespeople experience stereotypes, whether the stereotype is directed at them or they are the one with the stereotype. While stereotypes can assist in making logical decisions, the fallacies of stereotyping will influence us all unconsciously, can leave people with negative lingering effects, and also misrepresent the individual. The fallacies of stereotyping will mislead people due to the unconscious influence they have on us. In medicine it is not uncommon to utilize stereotypes that are fact basedRead MoreThe Stereotypes Of Stereotypes And Stereotypes977 Words   |  4 PagesBreaking Stereotypes The labeling or stereotyping of different races often define how they are supposed to act, think, and conduct themselves within society. Stereotyping can have an extremely negative effect on individuals in a particular ethnic group that have a real potential to become something better than what their labels define them as. Stereotypes such as all Native Americans are uneducated and lazy, or all Caucasian people are racists, are assumptions that can cause hatred between racesRead MoreStereotyping Is Inevitable, By James Baldwin1717 Words   |  7 Pagesis inevitable, we all do it ad we all experience it, but this does not mean it does not effect us. Stereotypes are all around us. They effect the way we think about ourselves and the way we think about the people around us. Stereotyping leads us to act certain ways and treat people certain ways. At times it can be beneficial to a certain group, but may bring many disadvantages to others. Many times stereotypes limit us and restrictin g our success in life. In â€Å"A Letter to My Nephew,† by James BaldwinRead MoreReview of Social Psychology Book by Claude Steele1468 Words   |  6 PagesClaude Steele, in his book â€Å"Whistling Vivaldi,† sheds new light on how pervasive stereotypes can influence individual’s behavior and academic performance, and how they perpetuate in different social groups. Stereotype threat, as defined by Steele, is â€Å"being at risk of confirming, as self-characteristic, a negative stereotype about a social group one identifies with.† (Steele, 1997) It is a general phenomenon – standard predicament of life – that springs from intersubjectivity. (p.5) We tendRead MoreAgeism is Widespread in Western Societies1250 Words   |  5 Pagesperceptions of the elderly. Ageism is widespread in Western societies (Dionigi, et al, 2011). Older adults are seen as boring, grumpy irritable, weak, debilitated, mournful, and most significantly cognitively. These stereotypes which are negative can be allowed by the aged themselves negative self-stereotyping (Dionigi, et al, 2011) and are as well found among specialized caregivers (e.g., Cowan, Fitzpatrick, Roberts, While,2004). The image in relation to which older adults are more ineffectual than

Deforestation And Its Effects On Deforestation Essay

Deforestation is â€Å"the act of cutting or burning down all of the trees in an area.† The original area covered by forests was approximately six billion hectares, however the total area of land covered by forests today is only four billion hectares. The issue is only expanding, and its challenges are becoming tougher every day. In fact, approximately sixteen million hectares of forest disappear each year. Forests cover more than twenty five percent of the world’s land, and more than half of that is found in the tropics. Deforestation has been around for more than five decades, and humanity has only just begun to find the causes of the problem. Forests cover approximately thirty percent of the world’s land. Deforestation represents one of the world’s largest issues in global land usage. In fact, humans are one of the biggest influences for deforestation. Farmers use a method known as the â€Å"slash and burn† process to cut down trees and grow their crops in the soil fertilized by the ashes. Many people use commercial logging, a process in which trees are trimmed and transported in order to build mills, by chopping down vast areas of forest for profit. Wildfires and overgrazing are also large issues that contribute to deforestation. This leaves the forest vulnerable to many global and environmental consequences. Everyday carbon dioxide is returned to the atmosphere as a greenhouse gas when trees are burned, and this has great potential to alter the global climate. As a result, thereShow MoreRelatedDeforestation And Its Effects On Deforestation1505 Words   |  7 Pagesdisappear.† It’s time for the government to take action on deforestation. Rainforests are an important location for indigenous people and animals because that’s where their home belongs. Yet the government and organizations ignore those facts and just demolish their homes in order to gain a new location for productions. It’s a topic that’s constantly debated in politics and society should take a recognition on what’s happening in deforestation. More than half of the world’s rainforests are destroyedRead MoreThe Effects Of Deforestation2015 Words   |  9 PagesDeforestation is a concerning issue that has come about within the past decade that hasn’t been getting much attention. Deforestation is defined as the clearing or removal of a forest or group of trees where the land is not used for forest use afterwards. The land could be used for urbanization, farms, ranches, extra land, or anything that the country needs that piece of land for. Deforestation has become more common and the industry for it has increased rapidly. Although so many people have increasedRead MoreThe Effects Of Deforestation On The Environment845 Words   |  4 PagesWhat can one human being do to protect the environment? Our planet is shifting, we need to help it change for the better. There are many effects that can change our Globe in a shocking manner but, the good news is each individual can contribute to make a better world for our children. People across the world acquired, use, and dispose enormous multiplicity of products which helps to build our lives easier and more comfortable. However, the outcome of this can make massive damage to our environmentRead MoreThe Effects Of Deforestation On The Earth756 Words   |  4 Pagesto help the earth. Please, stop deforestation. Attention- Did you know that in approximately one-hundred years forests will be a thing of the past? Due to deforestation, it is estimated that forests will be extinct by 2116. Deforestation is when large amounts of trees, such as forests, are cut down or removed. This practice has a negative effect on the Earth overall. It has, for example, a negative impact on the land because deforestation harms the soil. In effect, it may be difficult to grow treesRead MoreThe Negative Effects Of Deforestation795 Words   |  4 PagesHuman population increase has many effects on the world around us. Deforestation is a big concern. Why is it needed? Are there other ways to build around us without cutting down a major source of our air? Is there another way to build without destroying our species habitats? Waste is just that, waste. We know and understand that something so small can eventually lead to a world of chaos. Stephen Emmott, the author of Ten Billion, states in his book, â€Å"that if population levelsRead MoreCause And Effect Of Deforestation1259 Words   |  6 Pages2 28 October 2015 Cause and Effect of Deforestation Deforestation is a problem that does not concern many people, but it is an issue that the people of Earth need to deal with. In the past 50 years deforestation has increased a significant amount, but people around the world have been removing the forests since the 1600s. The forests remaining are in danger as the human population goes up, the need for resources will also increase and this will make the deforestation of the last forests come quickerRead MoreEffects Of Deforestation On The Environment1389 Words   |  6 PagesDeforestation is one of the many problems this world faces today. Many people are unaware of how harmful deforestation can be towards the environment and the animals that inhabit the area. Many people don’t even know what deforestation is and that it’s actually happening. To sum it all up, deforestation is the process of destroying forests by cutting them down or burning the trees down, destroying hundreds of acres in order to make more land availa ble for other uses thinking that the benefits outweighRead MoreDeforestation And Its Effects On Society1308 Words   |  6 PagesDeforestation has been an increasing issue with the modern age. As new technologies and productions are introduced, space for forests and trees are removed dramatically. Although it offers massive economic benefit, it creates a portal to more issues, such as environmental and gas emissions, animal habitats, and local people in several third world countries. Contrary to popular belief, however, deforestation can also provide as a benefit. It allows people internationally to have access to a commonRead MoreEssay on Effects of Deforestation781 Words   |  4 PagesEffects of Deforestation The subject of deforestation and the effects that it has on the environment have been heavily debated for a long time; particularly over the last few years. Governments and large lumber companies see large profits in the mass deforestation of forests and state that their actions are having few, if any, harmful effects on the environment. Most people disagree with this and think that the environmental effects are devastating and will become irreversibly disastrous in theRead MoreThe Effects Of Deforestation On The Environment1379 Words   |  6 Pagesyou no choice but to run through the forest. Being separated from family members, all alone in the african desert with no home left. This issue is happening all over the place for many beloved animals yet not much is being done about it at all. Deforestation is a major issue for animals, forests are a huge source of oxygen for the wildlife surrounding them. â€Å"80% of the animals in the world live in or around forests†(National Geographic, Munita) there has been a huge increase for many species going

Business Analysis and Evaluation

Question: Case study on Billabong International Ltds. Answer: 1.0 Introduction Billabong International Ltds (BBL) is a listed company based in Australia. Its main activities relating to business is to distribute, market, retail and wholesale eye wears, wetsuits and clothing.. It is doing business in more than 100 countries and has more than 11000 stores all over the world. It has almost 6000 employees (Whelan, Woodhead and Cliff 2014). Major brands of Billabong are Von Zipper, Kustom, Sector 9, and Xcel. It was founded in the year 1973 in the gold coast of Australia. At beginning, it used to sell products locally, in the 80s it entered into world market and in 90s; it grew at an extraordinary rate. In this assignment, security market analysis, credit analysis and distress analysis will be made to understand the current and future prospects of Billabong. 2.0 Discussion In this section, a detailed analysis of Securities and credit aspects of Billabong International Ltd will be analyzed. Distress prediction will be done based on financial statement analysis and ratio derived from it, based on which recommendation will be given. 2.1 Security Analysis In this section, analysis of Billabong International Ltds tradable securities will be done and their market value will be determined, which will examine the risk and return of individual and group securities. 2.1.1 Market Efficiency: The market efficiency of Billabong can be determined from the analysis of its securities. Billabong capital structure consists of only ordinary shares and there is no debt. The debts shown in the balance sheet consists of bank overdraft, short-term borrowings (Damodaran 2016). Debt-equity ratio of Billabong is currently 0.92 which means its equity is more than debt and it is a good sign for the company. There is no need for the company to introduce more funds in the form of Debt or equity without issuing convertible debentures because it has sufficient capacity. 2.1.2 Fund management and Security analysis: The approach towards Fund management varies form company to company. In the year, 2000 billabong share was first listed in the Security Exchange of Australia when it made its Initial Public Offerings (IPO). It issued 2.6 million shares in the market. Investment can be managed actively or passively. Analysis of active portfolio depends heavily on the security analysis to calculate whether the shares of the company are mispriced or not (Klti, Kotronis and Smith 2013). While in case of passive analysis, the portfolio manager avoids the cost of security analysis and fund management is based on the market index and performance of the sector. 2.1.3 Process of Comprehensive Security Analysis: This process involves the following steps- (i) Selection of candidates for analysis: It is obviously not possible to analyze all the securities so a fraction of securities is taken on which focus is given. Fund are generally invested in stocks which carry a certain rate of return accompanied with risk. Another approach of selecting stock is to take few firms in the industry whose shares are mispriced and meet certain criteria. Various question that are addressed in this section are risk profile of the company and volatility of the stock. (ii) Market expectation: While conduction security analysis to identify whether the securities are mispriced or not, the market expectation along with the analysts expectation is to be taken into account. It is possible to observe the price of the stock with respect to reflection in the market analysis and compare with the expectation of the analyst. However, share price gives only a statistical summary. To understand the future performance of the company a detailed analysis its revenue, operating cost and earning is required to be done (Klti et al. 2013). (iii) Analyst Expectation: It is based on the study of various data and information available from the annual report of the company. Analyst can use method like Capital Asset Pricing Model (CAPM), Beta analysis and Dividend Pricing Model (DDM) derive the stock price of the company (Barberis et al. 2015). The Earning Per Share (EPS) of Billabong is to be assessed to predict the future outcome of the company. 2.1.4 Final Product of security Analysis: In this section, advice is given on whether the share of the company is trading rich or cheap in the market. Based on that whether to purchase or sell the shares is determined. In making a recommendation, the time horizon of investment is to be taken into account whether it is a long-term or short-term investment, which is based on forecast and summarizing the report (Michaelides et al. 2013). 2.2 Credit Analysis In this section, the repayment capacity of Billabong is assessed based on the financial standing of the company and the ability of the company to repay its short-term and long-term debt is assessed. 2.2.1 Potential borrowers financial status: Financial status of the borrower to repay its debts can be determined on the analysis of liquidity ratio of the company, which comprises of current ratio and quick ratio. Current ratio of Billabong is 2.19 for the year 2015, which indicates that is capability to repay its debt is very good (Spronk, Steuer and Zopounidis 2016). Current ratio of 2 is generally acceptable for a company and a minimum ratio of 1:1 is required. It is falls below 1 then it is a danger situation for the company. Therefore, it can be said that Billabong is in a very good position to repay its all kinds of debt. 2.2.2 Purpose of credit: Company takes loan for various purposes like running day-to-day activities, increasing its capital base, setting up new ventures and expanding existing capacity. Loan is taken based on its short term or long term needs. Currently Billabong is struggling to be in the market therefore, it has accepted to debt of $360 million from a private equity. Because of this buyout, 34% of the controlling power has gone in the hands of firms who have provided the fund. To come out of this financial crisis it has accepted that funding otherwise its market share would have been in stake. 2.2.3 Nature of credit: The above funding is in the form of the long-term which is required as Billabong is restructuring its operation process and capital structure to survive in this competitive market and to give a strong financial base to the company (Bluhm, Overbeck and Wagner 2016). On the announcement of this deal, the share price of Billabong has fallen by 42.8%. It was in urgent need of the credit has it reported a loss of $ 360 million. This deal was a lifesaver for Billabong. 2.2.4 Term and Ability to repay: The term of the debt is 6 years which carries a fixed rate of interest of 11.9% per annum of which 5.9% is payable in cash and 6.0% is payable in kind at the option of the company. There is a facility of prepayment premium if the loan is repaid early. From the analysis of current ratio (2.19) and quick ratio (1.35), it can be said that Billabong has the ability to repay its debts. Quick ratio gives a much comprehensive idea of the liquidity position of the company (Baghai, Servaes and Tamayo 2014). It excludes those items, which may take time to convert into cash, and includes those items, which can be easily converted into cash. 2.2.5 Security: In this long-term financing, Billabong has to issue 29.6 million options to the consortium, which can be exercised at a price of $ 0.50 per share. In addition to this, Billabong has committed to provide a multi currency that is asset based rotating a credit facility of US $ 140 million. 2.2.6 Loan Covenants: Covenants attached to this long term funding is that C/O Consortium will be able to nominate representative in the board of directors of Billabong (Spronk et al. 2016). It means the funders will have a controlling power on the management of the company. Billabong has accepted the proposal as the history of the finders say that they have good record in the retail and other market (Golin and Delhaise 2013). 2.3 Distress Prediction In this section, analysis will be made based on data and ratios available from the financial statement of Billabong. 2.3.1 Financial Statement Analysis and Listed Debt: Given below is the financial statement and various ratio analysis of Billabong- Billabong (Table-1) INCOME STATEMENT 2013 2014 2015 Revenue 1341 1121 1052 Less: Cost of goods sold 651 556 495 Gross profit 690 565 557 Less: operating Expenses 1511 633 557 Operating Profit -821 -68 0 Add: Other Income 21 -9 28 Less: Other Expenses 0 0 0 Earning before interest and taxes -800 -77 28 Less: Interest 27 82 34 Earning before taxes -827 -159 -6 Less: Provision for tax 33 75 -12 Earning after tax / Net profit -860 -234 6 weighted average number of shares 2931 2905 2884 BALANCE SHEET 2013 2014 2015 Asset Current asset 899 622 496 Receivable 245 204 154 Other Current Asset 654 418 342 Non Current Asset 1181 390 256 Total Asset (a) 2080 1012 752 Liabilty and shareholders fund Current liability 611 612 226 Non Current Liability 440 128 256 Long term Debt 242 0 208 Other Non Current Liability 198 128 48 Total liability (b) 1051 740 482 Equity / Net worth (a-b) 1029 272 270 RATIO ANALYSIS 2013 2014 2015 Variance Profitability Ratio Net margin (Net profit/Turnover*100) -64.13% -20.87% 0.57% 43.26% 21.44% Return on asset (Net profit/Total asset*100) -41.35% -23.12% 0.80% 18.22% 23.92% Return on Equity (Net profit/Equity*100) -83.58% -86.03% 2.22% -2.45% 88.25% Asset Turnover (Turnover/Total Asset) 0.64 1.11 1.40 0.46 0.29 Earning per share (EPS) (Net profit/Number of shares) -0.29 -0.08 0.00 0.21 0.08 Liquidity Ratio Current Ratio (Current Asset/Current Liability) 1.47 1.02 2.19 -0.46 1.18 Debt Equity ratio (Long term debt/Equity) 0.24 0.00 0.77 -0.24 0.77 Activity Ratio Receivable turnover (Turnover/Account Receivable) 5.47 5.50 6.83 0.02 1.34 From the above Table-1, it can be clearly understood that Billabong has been running in losses in the year 2013 and 2014. It has just been able to achieve its break-even and achieve a net profit margin of 0.57% in the year 2015. Therefore, it can be said that 2013 and 2014 were an economic down turn for Billabong. All kind of profitability ratio has fallen during the year 2013 and 2014. Its EPS is already Zero, which indicates a major restructuring of its capital structure is needed (Bluhm, Overbeck, and Wagner 2016). Due to this reason, Billabong has accepted the long-term credit of $360 million to save itself from this down turn, which is listed in the Australian Stock Exchange. 2.3.2 Factors that drive Debt rating: Factors that affect credit rating are history of the organization taking the debt. If there is a case, of late payment or payment is missed then it will give lower rating. The lender may also check the accounts and if there is a case of multiple accounts opening in short period of time then rating will be lower (Gratch et al. 2014). It is recommended not to take rating from many sources as higher number of rating will result in higher number of searches which will led to a lower rating. 2.3.4 Prediction of Distress and Turnaround: Billabong has incurred huge losses in the year 2013 and 2014. It has just been able to turnaround in the year 2015. Therefore, it can be said that the decision of the company to take the long term financing of $ 360 million from a private equity was a good decision to survive and thrive in this competitive market. 3.0 Conclusion In short, it can be said that Billabong has seen massive growth in the beginning years but in the recent years, it has been running in losses. Therefore, to survive in this market they have taken a long term financing from a private equity. Due to this agreement share price of the company has dropped at lot but at the same time, it has been able to generate profit in the year 2015. Therefore, it is recommended for the company to maintain its current capital structure and try to introduce innovative product in the market so that it can gain its market share which was which lost during the recent years. Billabong is very well known for its reputation so is its expected that it will turn around in the near future provide it take some good business decision and make their shareholder understand that. References Baghai, R.P., Servaes, H. and Tamayo, A., 2014. Have rating agencies become more conservative? Implications for capital structure and debt pricing.The Journal of Finance,69(5), pp.1961-2005. Barberis, N., Greenwood, R., Jin, L. and Shleifer, A., 2015. X-CAPM: An extrapolative capital asset pricing model.Journal of Financial Economics,115(1), pp.1-24. Bluhm, C., Overbeck, L. and Wagner, C., 2016.Introduction to credit risk modeling. Crc Press. Damodaran, A., 2016.Damodaran on valuation: security analysis for investment and corporate finance(Vol. 324). John Wiley Sons. Golin, J. and Delhaise, P., 2013.The bank credit analysis handbook: a guide for analysts, bankers and investors. John Wiley Sons. Gratch, J., Artstein, R., Lucas, G.M., Stratou, G., Scherer, S., Nazarian, A., Wood, R., Boberg, J., DeVault, D., Marsella, S. and Traum, D.R., 2014, May. The Distress Analysis Interview Corpus of human and computer interviews. InLREC(pp. 3123-3128). Klti, R., Kotronis, V. and Smith, P., 2013, October. Openflow: A security analysis. In2013 21st IEEE International Conference on Network Protocols (ICNP)(pp. 1-6). IEEE. Michaelides, A., Milidonis, A., Nishiotis, G.P. and Papakyriakou, P., 2015. The adverse effects of systematic leakage ahead of official sovereign debt rating announcements.Journal of Financial Economics,116(3), pp.526-547. Spronk, J., Steuer, R.E. and Zopounidis, C., 2016. Multicriteria decision aid/analysis in finance. InMultiple Criteria Decision Analysis(pp. 1011-1065). Springer New York. Whelan, J.A., Woodhead, J.D. and Cliff, J., 2014. Zircon SHRIMP UPb, SIMS O and LA-ICPMS Hf Isotopic Data for Granitic Gneiss of the Billabong Complex, Tanami Region.Northern Territory Geological Survey, Record,2.

How the works selected relate to life as we know it

An Era of Punk essays

An Era of Punk essays Sex, drugs, and rock and roll was the rallying cry for a movement that changed American culture forever. Rock and roll first startled the American scene in the mid-1950s, but no one then could have predicted the remarkable vitality and staying power of this new music. The early tradition of rock has gone through many transitions. Provocative and outlandish stage attire and behavior have been an important resource since the birth of rock and roll. Decades following the birth of rock and roll, many have witnessed a steady ever changing parade of hair styles, costumes, gestures and props. As the level of tolerance and acceptance grew, rock stars adopted more bizarre and shocking images. It is in this context that punk rock, seen by some as a startling new direction in the late 1970s must be considered. Rock music achieved a new respectability and power at the same time (Ward, Stokes, Tucker, Rock of Ages, 547). Punk was rocks most notable attempt in the late 1970s to inject angry, rebellious, risk taking notations into the music. The musical style called punk rock developed in the United States out of raw and energetic music played by the garage bands of the mid-sixties. These bands were mainly teenagers playing basic guitar chords, and failing away at drums and cymbals in their own garages. This resulted in sounds that were rough, raw, and musically undisciplined, which expressed their interests and brought music to their level (Charlton, Rock Music, 204). Given that the greatest garage bands could barley play, we may assume not only that virtuosity has nothing to do the form, but also that the Utopian dream of every man and artist can come true right here, in our suburban land of opportunity the ultimate proof that rock and roll is the most democratic and all-American of art forms (Miller, History of Rock While teenage gara...

Human papillomavirus (HPV) Essay Example | Topics and Well Written Essays - 1000 words

Human papillomavirus (HPV) - Essay Example HPV only affects women. This report addresses the issue of HPV, how it affects human beings and assesses the value of vaccines available for prevention of this virus. The report is addressed to the Minister of Health. The first step that the Ministry of Health should take in addressing the issue of Human papillomavirus is to understand the virus as well as how it affects human beings. As a Minister of Health, it is inevitable to have a clear understanding of this virus. Human papillomavirus is virus from the papillomavirus family. It is sexually transmitted and is the most common STI. The virus is available in over 40 HPV types. The virus infects the genitals of both female and male. It causes a number of cancers which include cervical cancer, penis cancer, vagina cancer, vulva cancer among others. In fact, this virus causes cervical cancer, which is the second most common cancer in the world. Therefore, it is imperative that your Ministry should look into this issue and give it the weight that it deserves. Many people do not know about the virus despite being common. The reason as to why many people do not know much about it is the fact that they may not notice it when infected. About half of al l men have been infected by the virus at a given time in their life while 3 out of 4 women have had the infection. The HPVs that cause cancer are referred to as the high risk HPV. The next fact that your Ministry needs to be aware of is the manner with which the virus affects and how it spreads. First, it is necessary to note that about 5% of all cancers in the world are caused by the high risk HPV. In addition, almost all cervical cancers are caused by this virus. The types HPV 16 and HPV 18 are responsible for cervical cancer in women. Genital contact is the main method through which the virus is passed on from one person to another. It is necessary to note that the virus be passed on even between partners of the same sex if

The 2007 Real Estate Market Crash Research Paper

The 2007 Real Estate Market Crash - Research Paper Example It is connected to many other aspects of the U.S. and world economies. For this reason, an understanding of how the economy works is important to gain a deeper appreciation for the events that have developed. The paper has three parts that answer the questions: "Where are we now", "How did we get here" and "Where are we going" Answering these basic questions would result in a deeper understanding of events, allow an objective analysis of the causes and how these are linked to the effects, and teach important lessons that could be learned to avoid, or at least minimize, similar experiences and mistakes in the future. The third part is a series of predictions of what would happen, what steps could be taken to minimize the negative effects on the economy, and what lessons could be learned and answers the question "Where are we going" On February 7, 2007, the Senate Banking Committee indicated that nearly 20 percent of sub-prime mortgage loans obtained from 2005-2006 would be foreclosed, threatening over 2.2 million families in the U.S. with losing their homes over the next few years (ABI, 2007, p. 8). Last April 2, 2007, the second largest provider of high-risk, sub-prime mortgages in the U.S., New Century Capital Corporation of Irvine, California, filed for Chapter 11 bankruptcy protection and fired 3,200 employees in the wake of its own "financial missteps" and troubles with the SEC and U.S. Department of Justice over financial statements which failed to accurately account for financial losses the corporation was suffering, as well as mismanagement of the corporation (Gentile, 2007, p. 1). A September 1, 2007 issue of The Economist (2007, p. 59) revealed that despite official reports in the end of July that the U.S. economy was doing well, the truth was much darker than what most people believed: the economy's weakest link, the housing market, was in even worse shape than many realized. New-home construction plunged in July; the backlog of existing unsold houses rose to a 16-year high; and average house prices in America's ten main cities fell by 4.1% in the year to June. These developments led economists to forecast that the pace of new-home building would fall by a further 30% and average house prices would tumble between 7.5% and 15% by the end of 2008 and by another 15% to 30% in the succeeding years. These news reports can be seen as part of a series of business and financial problems. Houses were built using borrowed money that could not be repaid by builders because the houses could not be sold. Houses could not be sold because too many were built because borrowing was easy. Since houses could not

Save The Planet Essay Example for Free

Save The Planet Essay A couple of months ago, I got into my car, put on my seatbelt, put on my sunglasses and drove south. 23 hundred miles round trip. I went to cabo and I got to see some beatiful sights, but the one I enjoyed the most was the ocean. I would get the warmest feeling every time I took off my sandals and walked across the beach, I would burry my feet in some of the whithest sand Ive ever seen and look up clear sky. I would feel the breeze and look into the ocean, always blue, always massive, always there. And I couldnt help but to feel small, but I would also feel like I was part of something, even if I was the smallest part of it, I was still a part of it. I would hate it if my generation was one of the last generations that gets to experience that. And of course the conversation about saving the planet goes much deeper and has much higher stakes than the ability to stand in the beach and look at the ocen adn feel small. Because the changes weve casued to our evnirmnment are not small, in only a  few ears weve extracted tons of fossil fuels from the ground and poured them into the atmosphere making it harder for sun light to reflect into space and causing temperatures in the whole planet to become up to 2 degrees warmer and for weather pattersn to become more violent. Weve also transformed the landscape, in the last 40 years, weve cut down 20% of the amazon rain forest, and weve caused the extinsion od dozens of species that once roamed the earth carelessly. We look at these facts and it becomes obvious that the planet needs our help, that weve caused all this damage and we must do something to correct it.. we have to save our planet And of course we want to save it, and we try to understand what ca we do to save it, and we relize the planet is 4.5 bilion years old, that it used to be a gigantic ball of lava with explosions and volcanic eruptions left and right, then being 2 degrees warmer or colder, doesnt seem to make much of a difference, or when we think about how 100% of the planet used to be bombarded by asteroids at any time, then 20% of rainforest also doesnt seem like much, even worse when we consider that [99.9%] of all the species that have ever lived in this planet have gone extint, then a couple of dozen dont seem like such a big deal. No, when we put all the transformations that weve put the planet through in the geological scale, yes, they might be noticeable, but transitory, nothing a 4.5 billion year old planet cant shake off in a couple of thounsand years. WE, on the other hand, are NOT 4.5 billion years old, we, are only, as a species about 250,000 years old, we do not carry ourselves in geological scales. So, when we talk about doing saving the planet, about stoping global warmin, recycling or saving water, were not really talking about saving the planet, the planet has been here for a lot longer than us and will probably continue to be here for a lot longer after we are gone. No, what we are talking about is keeping it habitable, so that WE can continue to live in it.

how to burn backup ps2 games :: essays research papers

1984 1984 The story 1984, by George Orwell, is set in the fictional country Oceania, in what is thought to be the year 1984, which consists of the Americas, the British Isles, Australia and part of Africa. The part of Oceania in which 1984 takes place is referred to as Air Strip One and is formerly England. Winston, the protagonist of the story, is faced with a conflict of extreme hatred against the ultimate antagonist, Big Brother. Big Brother is the leader of the political party of Oceania who controls not only actions, but also thoughts through the thought police and what are called â€Å"telescreens.† Winston falls in love with a girl by the name of Julia, and the two of them must decide on who to trust and who not to trust and eventually realize their ultimate fate for their unorthodox acts punishable by death. The two of them decide to trust a mysterious character by the name of O’Brien, who turns out to the an agent of Big Brother, and betrays the both of them by pret ending to be their allies in an organization against Big Brother called the Brotherhood. Winston Smith is the protagonist of the story 1984. Winston is a man who seems to be an ordinary man in a world filled with corruption and evil. Winston is a round character in that he is a very fearful and ordinary man that the reader can relate with easily. Yet Winston is strong willed enough to try to make his situation better in a totalitarian society. In comparison to Winston’s outlook on life at the beginning of the story, his character traits are developing, changing due to torture by the Party to force him to conform to the system of totalitarian government lead by Big Brother. In the beginning of the story, Winston strongly opposes the Party and their anti-memory tactics used to better control the population. Although Winston opposes the Party, he is still fearful of their power and this causes him to view the world from an extremely paranoid point of view, suspecting everyone an d trusting no one. Upon seeing a particular girl, who later becomes his lover, he thinks of her, â€Å"†¦ that she even might be an agent of the Thought Police. That, it was true, was very unlikely. Still, he continued to feel a peculiar uneasiness†¦ whenever she was anywhere near him.

Cowboys and Indians †Clara Madsen Essay

1) Resume The story â€Å"Cowboys and Indians† is about a girl, who is at her grandmothers funeral. She doesn’t feel very comfortable, so she calls her cousin David to come and rescue her. He is a real rebellion and he picks her up on his motorcycle. Their first stop is at a bar where they drink a couple of shots and a beer. Then they drive of again. At the second stop they smoke a joint and talk about their grandmother, and how David feels stuck in his life. Then they gets hungry and decides to eat at a little takeout stand. There are sitting two old women. They tell that the wind brings devil spirits and they think that David and the narrator brought it with them. Then they drive home, and says their goodbye outside the house. David doesn’t want to deal with the family. 2) Characterize The Narrator is a girl with two personalities. She have learned to behave so she can fit in the society, but she is an outlaw. Almost like David. She hasn’t found her right identity yet, so she is living a kind of double life? Already in the beginning she knows that she is old enough to help ind the house and talk to people, but she just want to escape. â€Å"Our grandfather, the patriarch of the family, despised us both†. (l. 57) The grandfather also thinks that she is different even though she tries to hide it. The narrator is also an little naive, because she believes in almost everything David tells her. She wants to be tough and cool, when she is around him but she is often a little insecure.

The Media s Role Of A Democratic Nation - 1496 Words

The news media is an important aspect of a democratic nation, as one of their roles is to be a voice of the public — to mediate between the public and the government. Anderson (2007) asserts that the normative roles of the news media in a democratic society are to undertake the role of the fourth estate, act as a watchdog, and when necessary, as a counterbalance to those in society who abuse their power. In other words, the media’s function in society is critical to ensuring a balanced governance and providing reliable information to the public. It is the primary institution within which the public can better understand its society and the world around them. This paper synthesizes my research findings regarding the saturation of†¦show more content†¦They are also expected to report news that informs, engages and educates the public on issues that affect them, news that is independent of vested interest (Mcquail, 1994). Most of the ethical codes as stated above, concentrate on providing reliable information to the public as well as avoiding bias and sensationalism in the news. On the other hand, Atton (2003) describes alternative media as a critical means to challenge the standardised and professionalised practices of mainstream media. It is guided by a purpose other than profit, unlike mainstream media which is often structured to promote consumption of the products it advertises (Skinner, 2009). Alternative media does not claim to be objective. It does not consider itself bound by the conventions of journalism. It sees itself as providing a platform for everyone to voice their opinions (i.e. a platform for horizontal communication) (Hackett Zhao, 2002). What I found through my research is that mainstream media does not always follow its role of maintaining ‘ideal’ journalistic standards. It more often focuses on reporting sensational news for entertainment commercial purposes, rather than news that intellectually informs, engages and educates the public. Mehrotra (2011) defines media sensationalism as â€Å"the style of reporting news to the public which involves use of fear, anger, excitement and crude thrill undertaken by the media to increase the