Saturday, December 28, 2019
Thomas Jefferson Is Responsible For Not Only The Highest
Thomas Jefferson is responsible for not only the highest caliber of thought in the burgeoning United State of America, but also the lowest. Thomas Jefferson authored the Declaration of Independence which would become the basis for the principles of liberty and equality globally. However, Thomas Jefferson also authored a book titled Notes on the State of Virginia that would become the foundation for racist stereotypes throughout much of American literature. Renowned African American authors from that day forward were, and are still today, forced to confront the fallacious assertions that Thomas Jefferson makes in Notes on the State of Virginia. Both Frederick Douglass and Richard Wright are forced to address the stereotypes and lies Thomasâ⬠¦show more contentâ⬠¦After thoroughly insulting the appearances of black people, Jefferson justifies these mean-spirited observations by comparing the importance of appearance in men to the importance of appearance in barnyard animals, whic h Jefferson undoubtedly considers slaves to be (Jefferson, 669). After Jefferson s tirade on the appearance of black people, it is unsurprising that he goes on to describe the faculties of black people as being bestial. Jefferson asserts that black people â⬠¦ seem to require less sleep, than white people, and, when neither being entertained or worked, is an animal... who does not reflect, (Jefferson, 670). Jefferson goes on to say that black people are more ardent after their female: but love seems to be more an eager desire, than anything meaningful (Jefferson, 670). Similarly, Jefferson says that black peoples â⬠¦ griefs are transient, and are sooner forgotten with them, (Jefferson 670). In general, Jefferson concludes, their existence appears to participate more of sensation than reflection, just like animals (Jefferson, 670). To match black peoples supposedly bestial appearance and feelings, Jefferson asserts they are also in reason much inferior, to white people (Jef ferson, 670). To this end, Jefferson claims that â⬠¦ never yet could I find that a black had uttered a thought above the level of plain narration,; it is unproven that a black person could compose an extensive run of melody, or...Show MoreRelatedJames Madison : Virginian Representative And Father Of The Constitution1174 Words à |à 5 Pagesfarmer, was nicknamed the ââ¬Å"Father of the Constitutionâ⬠(Garrett Ward, 2) (Garrett Ward, 2) for his large role in ratifying the Constitution. He was also very well-known for his Federalist ideals which still are followed in our government today. Not only did Madison aid to formulate the Constitution but he also made the frame for the Bill of Rights and became the 4th President of the United States to be elected into office. Madisonââ¬â¢s many political achievements helped for the foundation of our countryRead MoreText Commentary of the Declaration of Independence3704 Words à |à 15 PagesFranklin of Pennsylvania, Thomas Jeffe rson of Virginia, Robert R. Livingston of New York, and Roger Sherman of Connecticut, but it remains unknown when exactly was it drafted. Anyway, the draft was presented to the Continental Congress on June 28, so it was written down in only seventeen days. What is sure known is that that committee decided that Jefferson would be the man in charge of writing the first draft. So itââ¬â¢s possible to venture that it was written down in Thomas Jeffersonââ¬â¢s dwelling whileRead MoreEssay on Thomas Jefferson3378 Words à |à 14 PagesIt all began when Peter Jefferson, an ambitious surveyor, farmer, and mapmaker met Jane Rudolph during his trip to England. They married and moved to the British colony of Virginia. Years later, Thomas Jefferson was born on April 13, 1743 in Albermarle County. He was the third child out of eight. By the age of five, Jefferson began to be schooled, along with his cousins, by a tutor. When he was nine, Thomas Jefferson was sent to a boarding school where he studied French, Latin, and Greek. He spentRead MoreThomas Jefferson Essay3463 Words à |à 14 PagesThomas Jefferson The third president of the United States, a diplomat, statesman, architect, scientist, and philosopher, Thomas Jefferson is one of the most eminent figures in American history. No leader in the period of the American Enlightenment was as articulate, wise, or conscious of the implications and consequences of a free society as Thomas Jefferson. Thomas Jefferson was born April 13, 1743 (April 2, old style), on the farm called Shadwell, adjoining what is now Monticello, in theRead MoreExamples Of 1984 By George Orwell971 Words à |à 4 Pages the forced working ability, and economic lead by a man who takes on the persona of god; this short novel represents the american culture and many cultures or what they can or will become. This story is a warning of what human beings are, at the highest dystopian standpoint. In introduction, The foresight behind George Orwellââ¬â¢s book ââ¬Ë1984ââ¬â¢ was remarkable. Written in 1949, it was claimed as a kind of a sci-fi story about a country known as Oceania (in 1984) that is being controlled by a, paranoidRead MoreKeeping The Arms that Built America646 Words à |à 3 PagesKeeping The Arms That Built America ââ¬Å"The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants. It is its natural manure.â⬠This quote from Thomas Jefferson exemplifies the cautious attitude the founding fathers had when they were creating the constitution. Having just won a war with a tyrant country, they knew the trouble that a very powerful government could cause. With America turning towards socialistic and capitalistic ideals, American citizens must maintainRead MoreThe History of American Public Education Essay examples2412 Words à |à 10 PagesAfter the American Revolutionary war, the people of the United States were responsible for determining the best course of action within the new republic. The Articles of Confederation were replaced by the new Constitution, which provided a general set of principles the government was to be guided by. This new system was a new and improved integration of historical warnings, hoping to prevent tyranny by individual or the masses and injustice. However, it quickly became apparent that a certain educationRead MoreDevoplement of the United States Within the Time Periods 1700-18001722 Words à |à 7 PagesEngland to a more morally beneficial environment in America. This plan was to colonize instead of imprisonment. At first they banned slavery in early Georgia, but soon after Georgia became another slave society in the lower south. (pg. 73 Keene) The highest proportion of slaves lived in the lower south, where Africans outnumbered Europeans. Southern slavery was sub divided into upper south and lower south. They both had distinctive labor systems and cultures. Lower south which consisted of parts of theRead MoreAmerican History: America Now and Then2171 Words à |à 9 Pagesreason for this great country to bloom out of sheer darkness. Great leaders like Thomas Jefferson have played an important role to shape America to what it is right now. John Winthrop was the first governor of the Massachusetts Bay Colony, the chief figure among the Puritan founders of New England. He was the one to establish a civilized society in the middle of nowhere and help United States bloom. Thomas Jefferson- author of the Declaration of Independence, third president of United States andRead MoreThe United States Supreme Court Cases 1946 Words à |à 8 Pagescases may begin in the federal or state courts, and they usually involve important questions about the Constitution or federal law. Established by the Constitution within Article III, the Supreme Court was declared the highest federal court in the United States as well as the highest body within the judicial branch of government. With these prestigious titles, the Supreme Court possesses final appellate jurisdiction. They also have the power to exercise supervisory jurisdiction over the lower courts
Friday, December 20, 2019
Slavery And The United States - 2111 Words
Every since the start of slavery, in 1619 and all the way up until now 2016, people have been socially, religiously, and sexually profiled by their race. It could be something just as simple as where they come from, how they talk, their beliefs, or the color of their skin. We all are very aware of the history of slavery and how things went on in that time. I was far more horrific and blood-curdling back then. Unlike today protesting, rallying, and fight back was not an option back then, of course some stood up for what they believed in those were the boldest. Those who dared to challenge the authorities were the bravest, those who sat back at waited for a change were the patient. Slavery took place in many parts of the world. But weâ⬠¦show more contentâ⬠¦For example, Harriet Tubman risked her life for year, bring slaves to the underground railroad. In 1857, Dred Scott bought his former master s wife to court to testify against her. Although he lost, he still had enough courage to try. Now, most might think of African-Americans when it comes to slavery because that is the most talked about. That is what most children are taught in history classes or school in general, but African-American were not the only ones who suffered for years on end. They were not the only ones who yearned for their freedom and well treatment. What about the child slavery (Child Labor) in many different parts of the world. Some places such as, China, Brazil, India, Japan and many others. Children working at ages 5 and up to make garments for popular brands. The children are working for such little money, they might not be able to feed themselves let alone their families. They work in disgusting, airless, overheating conditions, they listen and do whatever they are told because that is all they know. Doing their best to try not to get injured or hurt too severely because if they die they would be discarded and replaced like nothing ever happened. They do not even get to wear or use any of the items that they are slaving over. What
Thursday, December 12, 2019
Financial Analysis for Super Retail Group- myassignmenthelp.com
Question: Discuss about theFinancial Analysis for Super Retail Group. Answer: Company Research Super Retail Group is involved in the business of providing leisure, sports and auto products to the consumers in Australia, New Zealand and China. The company provides the sports equipment, apparel and accessories through its brands like Amart Sports, BCF, RAYS and Rebel and the automotive parts and accessories are retailed under the brand Supercheap Auto. Chief Executive Officer (CEO) Peter Birtles Salary of CEO $1,548,169 (Group, 2016) Net profit for 2016 $50 million (Group, 2016) Last dividend paid 35.7 cents paid on 4th September, 2017 (Group, 2016) Total assets $1569.5 million (Group, 2016) Number of employees 11000 (Group, 2017) Share price as on 8th September 2017 52 week high - $11 52 week low - $7.23 (Age, 2017) [B] All Ordinary Index Date Closing Price 11-08-2017 5743.5 14-08-2017 5778.6 15-08-2017 5804 16-08-2017 5830.8 17-08-2017 5827.2 18-08-2017 5798.5 21-08-2017 5780 22-08-2017 5804.8 23-08-2017 5792.7 24-08-2017 5801.7 25-08-2017 5803.4 28-08-2017 5771.2 29-08-2017 5733.6 30-08-2017 5733.8 31-08-2017 5776.3 01-09-2017 5786.1 04-09-2017 5763.8 05-09-2017 5767.8 06-09-2017 5752.9 07-09-2017 5753.8 08-09-2017 5739.4 (Finance, All Ordinaries (^AORD), 2017) Super Retail Date Closing Price 11-08-2017 7.881 14-08-2017 7.814 15-08-2017 7.871 16-08-2017 7.824 17-08-2017 7.900 18-08-2017 7.728 21-08-2017 7.709 22-08-2017 7.652 23-08-2017 7.546 24-08-2017 7.480 25-08-2017 8.024 28-08-2017 7.852 29-08-2017 7.871 30-08-2017 7.804 31-08-2017 7.738 01-09-2017 7.623 04-09-2017 7.670 05-09-2017 7.740 06-09-2017 7.780 07-09-2017 7.960 08-09-2017 8.000 (Finance, 2017) The share prices of Super Retail have remained in the range of $7.5 to $8 in the tracking period. The prices have increased from 11th to 15th September, thereafter falling till 24th September with a sudden increase of 7% on 25th August. The prices have surged as a result of the release of the annual reports by the company for the year 2016-17. In the annual report, the revenues have increased by 2% and the NPAT has increased by 62% (O'Neill, 2017). Thereafter, the share price has moved down in the range of 7.7 to 7.9. The share price of the company has remained more or less stable over the period. The market index has been in the range of $5750 to $5830. The market index has increased in the mid of August as a result of the big four banks performing well (Edwards, 2017). Towards the end of August the market has fallen as a result of heavy losses from Telstra and Commonwealth Bank (Turner Commins, 2017). Overall we see that the market has fallen over the tracking period. One of the reasons of a falling market index is also the strengthening of the US dollar against the Australian dollar. The shares of Super Retail have performed well as compared to the market index. When the market index is falling, the share prices of Super Retail are increasing towards the beginning of September. [D] The gain or loss on the portfolio will be calculated using the returns for the tracking period of all the three companies allocated to your group. [E] Depending on the share price movement of Super Retail as compared to the market index, we recommend a buy or hold for the shares because the shares are performing better than the market. The companys profits and revenue have increased for the last annual year, this has strengthened the companys fundamentals, and thus we can expect a further increase in the share prices. Key Financial Data and Ratio Analysis [A] The key financial data for Super Retails 2016 annual report from 1st July, 2016 to 30 June 2017 is given below: Particulars $ million Revenue / Sales 2423.8 Interest Expense 19.4 EBIT 107.2 Net Profit Before Tax 87.8 Net Profit After Tax 58 Current Assets 560.2 Total Assets 1569.5 Current Liabilities 329.8 Total Liabilities 835.5 Total Equity 734 (Group, 2016) [B] Ratio analysis Profitability Net Profit margin 2.4% Return on assets 3.7% Liquidity Current ratio 1.70 Interest coverage ratio 5.53 Stability Debt to Equity ratio 114% Debt ratio 53% The company has a good profitability with both its net profit margin and return on assets being positive. The profit margin for a retail company is low owing to high investment in merchandise. The liquidity is measured by the current ratio. The current ratio is more than 1 which means the current assets are sufficient to pay for the current obligations of the company. Also the company has an interest coverage ratio of more than 5 times which means that the operating profit of the company is five times the interest expense of the company and that the company can easily pay for its finance costs. So the short term liquidity of Super Retail is good enough. Stability ratios measure the long term liquidity of the company. The company has a debt to equity ratio of 114% which means it is highly leveraged as it has more debt than equity. This makes the company risky. Also the debt ratio which the total liabilities as compared to total assets, is more than 50% which means the company has more liabilities than assets making it riskier. To summarise we can say that Super Retail has good profitability and liquidity; however the company has heavily taken on debt and thus is risky from a long term point of view. Bibliography Edwards, C. (2017, August 14). Australian sharemarket rises in relief rally. Retrieved September 30, 2017, from The Australian: https://www.theaustralian.com.au/business/markets/australian-sharemarket-rises-in-relief-rally/news-story/10ade2cbcf2863ec01e917b16749a633 Finance, Y. (2017, September 30). All Ordinaries (^AORD). Retrieved September 30, 2017, from Finance.Yahoo: https://finance.yahoo.com/quote/%5EAORD/history?period1=1502389800period2=1504809000interval=1dfilter=historyfrequency=1d Finance, Y. (2017, September 30). Super Retail Group Limited (SUL.AX). Retrieved September 30, 2017, from Finance.Yahoo: https://au.finance.yahoo.com/quote/SUL.AX/history?period1=1502389800period2=1504809000interval=1dfilter=historyfrequency=1d Group, S. R. (2016). Super Retail Group: Annual Report 2016. Australia. O'Neill, S. (2017, August 25). Results: Why the Super Retail Group Ltd share price jumped 8%. Retrieved September 30, 2017, from The Motley Fool: https://www.fool.com.au/2017/08/25/results-why-the-super-retail-group-ltd-share-price-jumped-8/ Turner, S., Commins, P. (2017, August 31). Markets Live: ASX ends torpid month on high note. Retrieved September 30, 2017, from The Sydney Morning Herald: https://www.smh.com.au/business/markets-live/markets-live-asx-to-creep-higher-20170830-gy7nmw.html
Wednesday, December 4, 2019
Analysis of the Case Study Situation
Question: Critical analysis of the case study situation on the basis of the fundamental principles. Answer: Introduction This report is based on a case study of such a company which is going through a weak financial situation and the shareholders of the company want to sell out the company. This particular report analyzes the situation on the ethical ground. The situation of the company is analyzed based on the fundamental principles of integrity, objectivity, professional competence and due care, confidentiality and professional behavior. After the discussion, the conclusion is provided based on the findings and at the same time it is also mentioned in the conclusion that which step is ethically and legally suitable for the company for handling this particular situation. Critical analysis of the case study situation on the basis of the fundamental principles According to the given case study, the company is suffering from such a situation in which the shareholders of the company want to sell out it but the managing director of the company wants to save the company by taking some illegal and unethical steps. The main problem of the company is its slow moving stocks, which are in the inventory for more than nine months. The stocks are already written down but in order to save the company and the employment of many employees, the managing director wants to save the company by selling stocks to the prospective buyers at an inflated stock value. The situation of the finance director is very critical in this situation. In one side, there are the lives of many employees and their families those are dependent on this company. However, on the other side, selling the stocks at an inflated rate and not recording their written down value in the yearend financial records is illegal. If this situation is analyzed on the basis of the fundamental principle of integrity, then it has to be said that the steps suggested by the managing director are not only illegal but also unethical. The principle of integrity suggests that the organizations must maintain the correctness and reliability at the time of preparing the financial records (Warhurst 2015). At the same time, it is also suggested by the principle of integrity that the employees of the organization are responsible for the recordkeeping. Di Pietra (2015) stated that integrity is the choice of the individual. The integrity within a human being et al. shows how much the person is ethical. Therefore, from the integrity point of view, if the written down value of the stocks are not recorded in the yearend record, then it will be unethical. At the same time, if the situation is analyzed with the help of the fundamental principle of objectivity, then also the suggestions of the managing director has to be considered as an unethical suggestion. The principle of objectivity suggests that the financial information and recording need to be independent and unbiased (Oraka and TO 2015). Like the principle of integrity, the principle of objectivity also suggests to maintain the reliable and relevant financial statements. Along with this, it also mentions that in order to identify the authenticity, the financial information of the company can be gathered from various sources. According to Himick et al. (2016), the principles of professional competence and due care suggest that the personnel must use their professional knowledge and skills at the time of providing their services. This principle also states that the professional needs to attain the professional competence and at the same time they need to maintain that also. At the same time, the professional must be careful about their activities because they are responsible to the activities done by them (Wachs 2015). Therefore, from this point of view, it can be said that the finance director of the company must use personal knowledge regarding the recording of stocks. The responsibility of the steps taken will be only on the shoulder of the finance director. Therefore, the finance director must be careful enough at the time of taking any final decision. On the other side, the fundamental principle of confidentiality suggests not to disclose any important information to the third party (who is not directly related to the main business) without having proper verification and appropriate authority (Cooper 2016). At the same time, this particular principle also suggests that any information related to the business should not be used for gaining any personal benefit. Therefore, as per the principle of confidentiality, it can be said that the finance director should not disclose the internal weak situation of the company to the external parties. However, at the same time the finance director must try to make the managing director understand that the suggestions given by he is unethical (Harrison and Van der Laan Smith 2015). Hence, it is the responsibility of the finance director to take ethical decision by maintaining the required confidentiality. The principle of professional behavior states that individuals must obey and act as per the legal or regulatory guidelines of the particular profession (Di Pietra et al. 2015). Along with that, the individuals must try to avoid any kind of action or behavior that shows the discredit in his or her profession (Harrison and Van der Laan Smith 2015). Therefore, if the particular situation is analyzed, then it must be said that the managing director of the company has not maintained the principle of professional behavior. However, the finance director of the company must act as per the principle of professional behavior. This will help to maintain the work ethics and at the same time this will save the finance director from any kind of legal issues. Conclusion In the above discussion, it has been identified that the internal financial situation of the particular retail company is not good. The stocks of the company remained unsold for several months and so it became a burden for the company. However, before few months, the company has written down the value of the old stocks. On the other side, by understanding the situation the shareholders of the company want to sale the business but the managing director wants to save the business anyhow. The suggestions provided by the managing director to the finance director of the company cannot be undertaken as per the fundamental principles of integrity, objectivity, professional behavior, confidentiality and professional confidentiality and due care. However, if the situation is analyzed from all the perspectives, then it must be said that if the company is sold out then many people those are the employee of the organization will be jobless. The families of the employees will face serious problem to survive. On the other side, if the finance director considers the suggestion of the managing director, then also the future of the company will be unsafe and at the same time, this will be a cheat with the shareholders and prospective customers of the company. Apart from these, if the finance director takes the suggestion of the managing director, then that will be also against the professional behavior and ethics. The whole responsibility of the situation will be on the shoulder of the finance director only. Therefore, in such a situation, the finance director of the company must conduct a meeting with the shareholders and managing director and must discuss about the situation in detail. The finance director must state each consequence those will take place if any of the two suggestions provided by managing director and shareholders is taken. If any better idea is not developed then the finance director must act according to the legal and ethical guidelines and in that case, the company must pay some amounts to its employees for the sudden close of the company. Reference List Cooper, S., 2016. Faculty Review of Accounting Principles: A Business Perspective. Di Pietra, R., McLeay, S. and Ronen, J., 2015.ACCOUNTING REGULATION. Springer,. Harrison, J.S. and Van der Laan Smith, J., 2015. Responsible accounting for stakeholders.Journal of Management Studies,52(7), pp.935-960. Himick, D., Brivot, M. and Henri, J.F., 2016. An ethical perspective on accounting standard setting: Professional and lay-experts contribution to GASBs Pension Project.Critical Perspectives on Accounting,36, pp.22-38. Oraka, A.O. and TO, O., 2015. The Impact of Professional Accounting Ethics in Quality Assurance in Audit.International Journal of Academic Research in Business and Social Sciences,5(8), pp.64-78. Wachs, M., 2015. Professional Ethics in Planning.Readings in Planning Theory, p.464. Warhurst, J., 2015. A Study of Ethics for Accounting Students at East Tennessee State University Welfel, E., 2015.Ethics in counseling psychotherapy. Cengage Learning.
Subscribe to:
Comments (Atom)