Tuesday, January 21, 2020
The Meaning of life What is the meaning of life. The meaning of our lives, the purpose, and the dreams both dashed and realized, and the expectations forced upon us by others. In other words how do you "translate" what life is? "Translation" means to explain in simple terms. What is it supposed to be about? There are different answers for different people at different times in their lives. A person's lifetime is filled with self-examination. Why am I here? What am I doing? Is this as good as it gets? You have a beginning. You're in the middle, and your story hasn't ended yet. If one would recognize the greatest things we have in life, they would not be asking this question. These great things are faith, hope, and love. Faith is the one that can keep one from asking questions. If God wanted us to know something, then we would know it. In most religions, Christian ones in particular, the question of meaning in life is inextricably wrapped up in a relationship with God. Living in, for, with, and through him. Therefore, how one answers the meaning of life question bears directly the existence of God. Soren Kierkegaard said to be the "father" of existentialism maintains that there are three basic answers to the question of the meaning of life. He called these "stages" of life, because he believed that people "progressed" from one stage to the next. Whether or not that is true, there do seem to be at least three fundamental outlooks on life. One is a life devoted to pleasure. This value perspective can be shown by a person whose only concern is for what they are doing now. They would rather gain from pleasures in life without any regards to how they might affect their future. Another stage is those choosing ethical and moral paths. People who are honest and loyal demonstrate this in their everyday lives. Finally, there is a live religiously. This has been the popular way of life for many of us. It is going to church and practicing your faith Stace argues, the present age has begun to weaken faith in God. The concept of a supernatural person has begun to seem unlikely to many people. The Bible no longer seems as respected for many Catholics. While many peopl... ...ve the opportunity to choose either Him or evil, thereby proving our love for Him. If His were the only game in town, then there would not be a free will conscious choice for Him. It is evident that the meaning of life has to far to complex for any one to fully understand or agree on the same answer. All these ideas of these different philosophers are not necessarily inaccurate, just incomplete. All pieces to a puzzle that one has no way of fully figuring out. No one has seemed to accomplish this yet in life. There are so many obstacles that we face as we try to achieve a higher good. Many of these are based in the fact that we are human beings, and because of that are flawed by the ways of our culture. Things such as self-doubt, worry, ignorance, and the values put into our heads since the day we were born all are roadblocks on our way to a higher level. Also being human beings makes vulnerable to the ways of the world around us, so it is not easy to block these things out of our lives. This life is a stage in which we are to develop our minds, bodies, and souls to their highest potential in preparation for the afterlife. Only God could ever really show anyon e true meaning.
Monday, January 13, 2020
The cars today have such far-advanced automotive technology that the motorized transport vehicle seems to drive itself. The problem is that because driving cars today require less concentration than the cars of yesteryear, inventors seem to have come up with new and varied ways to keep the driver busy behind the wheel. This would not be such a bad thing if it did not pose such a threat to the life and limb of the driver and the pedestrians and other cars in his path. I am not kidding, all you have to do is look at every single person behind the wheel these days to know that they should not be driving and performing whatever activity it is that is preoccupying their minds, hands, and mouths, all at the same time. So, what kinds of driving activities pose as bad driving habits or hazards on the road? How do the activities alter the driver's state of mind and concentration? The usual culprit that creates a dangerous driving habit is technology. It is not uncommon to see people driving with one hand on the wheel and the other holding a cellphone up to his ear while navigating dangerous turns and traffic lights. Women rushing out the door with curlers in their hair also try to put on make up while driving to work. Needless to say, the rearview mirror is not for applying mascara to the face. Speaking of rushing out the door, today's fast paced life style also insures that most people do not have time to have a decent breakfast before flying out the door. A quick trip through a drive through gives you the most common dangerous driving habit ever to be performed by man. Instead of keeping an eye on the road, the driver ends up with his eye on the sandwich and trying to balance the drink that he so does not need spilling unto his lap. Aside from these everyday-driving hazards that drivers do not seem to realize they are performing, there are also the bad driving habits that are caused by speeding. This is the tendency of a hurried driver to run down a pedestrian is greater and the possibility of loosing control of the wheel is a seriously dangerous reality. Not to forget, some drivers forget to use their turn signals and this often times causes accidents between other cars or pedestrians. By simply using these simple warning devices, accidents can be avoided. I would also like to mention that people who do not use their signal lights usually end up engaged in a violent game of road rage. Other drivers tend to get irritated and worked up into frenzy when the driver in front of them fails to use their signal lights and almost runs the driver behind him into an accident. Another example of a bad driving habit is an over confident and cocky driver behind the wheel. This is usually a bad habit attributed to experienced drivers because their driving route they traverse has become such a routine that they think they can navigate it with their eyes closed. So when an activity that poses a threat to the life and limb of the driver and those around him jogs the driver to reality, they are usually unprepared to respond to the situation. Basically, dangerous driving habits are not something permanent. If you remain conscious of your driving habits and remember to always stick to the rules of the road, there is no reason for one to become one of the many drivers on the road these days with terrible driving habits. Safe driving is practically just common sense and is not hard to follow. Just remember, bad driving habits means that you are just lucky that the grim reaper hasn't decided to take you yet. It never hurts to err on the side of caution and drive safely for a happy long life. Outline: I.Introduction to dangerous driving habits II.Technological advancements that cause bad driving habits III.Bad driving habits brought about by a fast paced lifestyle IV. Bad driving habits caused by speeding V. Bad driving habits caused by complacency of the driver in his driving skills VI.Suggestions to alter bad driving habits VII. Conclusion Work Cited Ã¢â¬Å"Dangerous Driving HabitsÃ¢â¬ . Ezine Articles. 2006.May 8, 2007.
Saturday, January 4, 2020
Everyone deals with low self-esteem or a lack of self-confidence from time to time. Its not easy to face hardships with a smile, nor should you try to; unresolved stress or anxiety can manifest itself in many negative ways (including physical illness).Ã But sometimes we just need a little nudge to try to get out of a rut or to keep going on a path that seems long and arduous. Hope can help us emerge from difficult situations feeling stronger and wiser.Ã Here are some quotes about finding that inner strength, from people who have faced hardship, to inspire you to keep going.Ã Inner Strength Quotes from Politicians Solitary trees, if they grow at all, grow strong.Too often the strong, silent man is silent only because he does not know what to say, and is reputed strong only because he has remained silent. Ã¢â¬â Ã Winston Churchill.Ã The legendary British Prime Minister, who was shot at during the Boer War and guided his country through World War II, was never at a loss for words.Ã A woman is like a tea bag - you cant tell how strong she is until you put her in hot water. Ã¢â¬â Eleanor Roosevelt.Ã Although Roosevelt changed forever the office of First Lady, acting as an advocate for women, minorities, and the poor, she had much hardship in her life, including being orphaned at age 10.Ã The strong man is the one who is able to intercept at will the communication between the senses and the mind. Ã¢â¬â Ã Napoleon Bonaparte Do not pray for easy lives. Pray to be stronger men. Ã¢â¬â Ã John F. Kennedy It is easier to build strong children than to repair broken men. Ã¢â¬â Ã Frederick Douglass You are never strong enough that you dont need help. Ã¢â¬â Ã Cesar Chavez Inner Strength Quotes from Writers Character is higher than intellect. A great soul will be strong to live as well as think. Ã¢â¬â Ã Ralph Waldo Emerson. He rose to become one of the elder statesmen of literary circles in early America, but Emerson suffered both the loss of his wife not long after their weddingÃ and the early loss of his father, both of which affected him profoundly.Ã The world breaks everyone, and afterward, some are strong at the broken places. Ã¢â¬â Ã Ernest Hemingway. Although he was a highly influential journalist and novelist, Hemingway struggled with alcoholism and depression his entire life.Ã Nothing can dim the light which shines from within. Ã¢â¬â¢ Maya Angelou. The author had a difficult childhood which included being raped by her mothers boyfriend, but she went on to win numerous critical accolades and awards for her writing.Ã Inner Strength Quotes from Philosophers To keep the body in good health is a duty, Ã otherwise, we shall not be able to keep our mind strong and clear. Ã¢â¬â¢Buddha That which does not kill us makes us stronger. Ã¢â¬â¢Friedrich Nietzsche Look well into thyself; there is a source of strength which will always spring up if thou wilt always look. Ã¢â¬â¢ Marcus Aurelius
Friday, December 27, 2019
Sample details Pages: 1 Words: 272 Downloads: 2 Date added: 2019/10/10 Did you like this example? Dear Mr./Mrs./Dr., I am currently a teacher who tutors Economics in Hong Kong Diploma of Secondary Education (HKDSE). I would like to offer free high-school talks including short-run courses since I am an entrepreneur. It would last not more than three hours per session. I have decided to do so as a promotional activity. It would help the students gain more knowledge in the methods of handling exams. Exams are critical to the evaluation of the school. This is meant to increase their academic capabilities in the long-run. Furthermore, I would be able to acquire more experience as a teacher. There are no charges incurred; it is completely free. DonÃ¢â¬â¢t waste time! Our writers will create an original "Email to High School Principle for Free Talk/Course Promotion" essay for you Create order The students in HKDSE perform exemplary well. In last years results, all students scored an average of 72 with regards to Level 2 subjects; which are Chinese, English, Liberal Studies and Mathematics. Economics was the best performance at an average percentage of 95.Ã This shows that the students understand what i teach in class. The number of students that had registered for the subject was recorded the least. It is due to the fact that it looks hard. It involves mathematical concepts. I tend to use simple language in explaining the concepts making it easier for them to understand that Simplicity is the key. I would therefore use simple techniques that they would be capable of comprehending. The tutorials will differ based on the class. I look forward for a positive feedback from you. In case of any questions, enquiries or comments, you can communicate with me via my email address [emailprotected] or through the address of the institution. Thanks in advance.
Thursday, December 19, 2019
Distorted Mirror of Reality Ã¢â¬Å"All propaganda must be popular and its intellectual level must be adjusted to the most limited intelligence among those it is addressed to, consequently, the greater the mass it is intended to reach, the lower its purely intellectual level will have to be.Ã¢â¬ ~Adolf Hitler Mein Kampf Ã¢â¬Å"Psychology of PropagandaÃ¢â¬ Fascism is a form of counter-revolutionary politics that first arose in the early part of the twentieth-century in Europe. It was a response to the rapid social upheaval, the devastation of World War I, and unstable economy. Fascism is a philosophy or a system of government that advocates or exercises a dictatorship of the extreme right, typically through the merging of state and business leadership,Ã¢â¬ ¦show more contentÃ¢â¬ ¦On them depends the existence of this whole culture; if they perish, the beauty of this earth will sink into the grave with themÃ¢â¬ (288). Hitler was attempting to convey to the German people that their race and culture was superior to all others and that Aryans were invincible. Hitler wanted to create a sense of pride, unity and stability among the people because stability was not a very strong factor among the masses who felt they had nothing to lose. Therefore, Hitler called his political cause quot;the movementquot;. Movement was, indeed, one of the mythic messages, movement away from the state of stagnation of the Weimar Republic, as the Nazis emphasized it repeatedly to persuade the masses, away from the shameful dictate of the Versailles peace treaty, away from Ã¢â¬Å"true bloodÃ¢â¬âsucking parasites, Jews,Ã¢â¬ (304) and forward towards the building of a quot;New Pure Germanyquot; who would be a power to reckon with throughout Europe and the World at large. Although Hitler lacked his own characteristics of being a true Aryan (blond haired and blue eyed individual), he represented all of Germany as an ultimate ruler eliminating all other potential authorities that could possibly compete with him, just as a selfÃ¢â¬âevident mythology cannot tolerate other powers, which might challenge and lead to the dissolution of the mythic system. In his book Mein Kampf Hitler stated, Ã¢â¬Å"The art of propaganda lies in understanding the emotional ideasShow MoreRelatedPropaganda, Propaganda And Propaganda1045 Words Ã |Ã 5 Pagespublic opinion through propaganda. Propaganda is very often thought of as an attempt to win people over to an unpopular cause or to influence them to follow a generally disapproved course of actions. But actually, the purpose of propaganda can be quite varied. It can be generally understood as a means of influencing others, often towards a desirable end. Propaganda is a systematic effort to influence peoplesÃ¢â¬â¢ opinions to win them over to a certain view or side. Propaganda is not necessarily concernedRead MoreThe Argument Of Propaganda And Propaganda Techniques1251 Words Ã |Ã 6 Pagesfundamental idea behind the term propaganda. One of the most successful public relations influencers Edward Bernays wrote in his book Ã¢â¬Å"PropagandaÃ¢â¬ . Ã¢â¬ If we understand the mechanisms and the mot ives of the group mind, it is now possible to control and regiment the masses according to our will without them knowing it.Ã¢â¬ Many argue that propaganda is unethical due to the fact that it is a manipulation and control of the group mind. In this paper, I will be studying what makes propaganda ethical and compare theRead MoreMedia Propaganda9887 Words Ã |Ã 40 PagesMedia propaganda Propaganda is a form of communication that is aimed at influencing the attitude of a community toward some cause or position. As opposed to impartially providing information, propaganda, in its most basic sense, presents information primarily to influence an audience. Propaganda often presents facts selectively (thus possibly lying by omission) to encourage a particular synthesis, or uses loaded messages to produce an emotional rather than rational response to the information presentedRead MorePropaganda And The World Of Doublespeak1370 Words Ã |Ã 6 Pages The use of propaganda and double-speaking have a long history, going back to the ancient societies. Propaganda and doublespeak are the use of verbal exchange to have an effect on the emotions, attitudes, and opinions of human beings. To try to get them to accept a particular political, religious, or financial point of view, or even to start a war. It is careful manipulation of the opinions of the societies mostly by their government. In the effort to control the nation s thought process, theRead MoreThe Impact of Propaganda Essay666 Words Ã |Ã 3 PagesBoth negative and positive, propaganda affects our lives daily sometimes without us even acknowledging that it exists. The main goal of propaganda is trying to sell your product or idea to other people, one major form of Propaganda occurs in the news. Propaganda is used for companies and trend setters who want to get their products and ideas out in the world so that they could potentially become popular. Smart propagandists d iscovered that to create the best propaganda, the viewer must not evenRead MoreAnimal Farm Propaganda1295 Words Ã |Ã 6 PagesAnimal Farm: Timeless Propaganda Upon Animal FarmÃ¢â¬â¢s first publication in 1945, it quickly became a success and is now regarded as one of the best allegories of Soviet totalitarianism ever written. All of its characters provided a representation of Soviet RussiaÃ¢â¬â¢s political figures, with its main character, Napoleon, illustrating Joseph Stalin and a corrupt totalitarian rule. The book parodies StalinÃ¢â¬â¢s rise to power and his eventual total control of nearly every aspect of personal and privateRead MoreThe Comic Books And Propaganda1855 Words Ã |Ã 8 PagesComic Books and Propaganda Since the times of the Persian Empires, propaganda has been an effective tool for forces of the State government, or other institutions trying to spread a political message, usually for militarily or humanitarian missions. In modern times, propaganda has taken a new face with the Internet, but during the 1940Ã¢â¬â¢s one of the most effective types of propaganda was the use of comic books. Currently comic books are used around the world to spread the message of peace, war,Read More Propaganda and Stereotyping Essay1382 Words Ã |Ã 6 PagesPropaganda and Stereotyping Propaganda: a word that is commonly underestimated in its power. Confused with advertisement, people tend to take the disasters caused by propaganda lightly. One such disaster is the stereotype Ã¢â¬â a felicity confused with the truth. In this research paper, a closer attention will be given to the propaganda generation of stereotypes about a specific age group; how easily and believable stereotypes are carried by propaganda tactics on youth will be presented. ThroughoutRead MoreEssay on The Functions of Stereotypes in Propaganda1220 Words Ã |Ã 5 Pagesin Propaganda A leader with no followers is a guy taking a walk. Good leaders whether it be opinion or political, rarely if ever walk by themselves. The information theydisseminate more often than not leaves them with a hoard of followers that conform to their ideas or cause. The circulated information is known as propaganda. The Webster dictionary defines propaganda as, ideas, facts, or allegations spread deliberately to further ones cause or to damage an opposing cause. Propaganda hasRead MoreCause and Effects of Propaganda Essay1510 Words Ã |Ã 7 PagesNIcole Barts Mrs. Wilson 3B Effects of Propaganda. Throughout history you find that many techniques of propaganda have affected todayÃ¢â¬â¢s society. Whether it affects it in a good way or a bad way, propaganda is efficacious and does influence the way we think and act. You probably arenÃ¢â¬â¢t aware of what sort of propaganda is circling its way around, but once you are, youÃ¢â¬â¢ll think Ã¢â¬Å"wow did I really fall for thatÃ¢â¬ ? Propaganda is Ã¢â¬Å"information, ideas, or rumors deliberately spread widely to help
Wednesday, December 11, 2019
Question: Discuss about the Financial Analysis for Singapore Airlines and New Zealand Airways. Answer: Introduction With the tremendous development in the global aviation transportation, the international aviation industry has been able to cover almost each and every part of the world since 1950s. As of today the international aviation industry consist of more than 2000 airlines which are providing their services to over 3700 airports with a fleet size of more than 23000 aircrafts. As per the report of International Air Transport Association, in next 2 decades, air traffic is expected to double. However, the percentage of growth will vary region to region especially the developing economies will show the fastest growth hence it is essential for the airlines to evaluate the financial performance in comparison to other competitive airlines and strengthen themselves to garb the highest opportunities in the near future (Pearce, 2015). All the above aspects sated that if a company is financially stable then it can face the unexpected changes of the market conditions. All the aspects increase the role of financial analysis with an aim of accessing a company's position. The financial analysis results are important to the tax authorities, creditors, stockholders, investors, suppliers, owners and managers. The relevance of the study can be understood from the fact that financial stability plays an important role in development of organization in this competitive market. If a company has a strong financial report card then it has many advantages over the other rival companies in terms of attracting choice of suppliers, investors and qualified personnel (Fedosova, 2016). Introduction of the Airline Industry Airline industry is one of the major economic forces for every country as it influences the travel and tourism of a country. A part from this it influences the aircraft manufacturing and other operations. Liberalization is considered as the main leading force in the airline industry that came into effect after the deregulation in 1978 in Sarthe main driver for the air travel demand is the economic growth. After the deregulation in the aviation industry the competitiveness in the industry has reached to its pinnacle. Currently, industry is facing the challenges of low cost carrier, operating performance, transparency of pricing, etc. Apart from this various travel distribution channels has initiated the war of minimum fares. In this era of price competition, it has become essential for every airline company to continuously analyze and maintain its financial position to face these challenges. Singapore Airlines Singapore Airlines was founded in 1947 as a flag carrier airline of Singapore. The airlines base hub is situated at Changi Airport. Total Fleet size of the Airline is 107 and it flies to more than 64 destinations all over the world. In the last 20 years, the company has broadened its market. At present, it is one of the world's leading passenger and cargo carrier airline. Singapore Airlines has young and modern fleet of aircraft. The base airport of the Singapore Airlines is voted as the world's best airport every year. As per International Air Transport Association, on the basis of market capitalization, Singapore Airlines is the 2nd largest airline globally. The total market capitalization of the company is 14 billion US dollars. Currently in the financial year 2015 the airline has reported an improved profit for the first quarter. The profit of the airline has been recorded relatively modest for the four consecutive years. Singapore Airline is continuously accelerating its expansi on capacity in the FY2016 (CAPA, 2015). New Zealand Airlines In the year 1940 New Zealand Airlines was originated with the name of Teasman Empire Airways Limited (TEAL) which initially operated its flights between New Zealand and Australia. In 1965 New Zealand Government took over Teasman Empire Airways Limited and renamed it as Air New Zealand. After the takeover, government merged the Domestic New Zealand National Airways Corporation with Teasman Empire Airways Limited in the year 1978. Currently, the national airline of New Zealand is Air New Zealand Airline based on Auckland and it flies to 29 international and 22 domestic destinations. It covers Pacific Rim and United Kingdom. New Zealand Airways launched its annual results with normalized earnings. The company's statutory earning before taxation was 474 million dollars and its net profit after taxation was 327 million dollars, which 24 percent higher in comparison to previous year (Airnewzealand, 2015). Financial Analysis The financial analysis helps in knowing the financial standing of a firm in the market. Basically, financial position of any company can be judged on the basis of Income Statement, Balance Sheet and Cash Flow Statement. Before taking investment decision, the investors analyze the financial position of the organization and its competitors in order to avoid any risk. They prefer to invest in company that has good financial position thereby increasing their chances of profit making. The financial statements of Singapore Airlines and New Zealand Airlines will be analyzed and compared on the basis of the various the key ratios. Importance of Financial Analysis Finance is a broad term and measurement of the financial analysis of the company ensures the proper use of economic resources to successfully operate both long term and short term perspectives. In case of Airlines industry, financial management is significant to stay profitable and sustain airline operations for long term. The financial analysis of a company is important as it affects the strategic planning and short term decisions. This study is undertakes comparison of financial performance of two major airlines. Feng and Wang argued that it is important to measure the financial performance of a company in terms of profitability, solvency, and liquidity. These all factors are important as these factors ultimately affect the long term survival of an airline (Feng Wang, 2000). Literature review Important ratios in airline industry Some key principal ratios are discussed here which were popularly used by the researchers to compare the financial performance of the airline companies. Profitability Ratio Return on Assets (ROA): Mathematically, it is calculated by dividing companys net income or earning by its total assets. Formula: Net Income / Average Total Assets ROA shows the ability of organization to effectively manage its assets in order to generate profits during an accounting period. The return on assets ratio shows how airlines utilize their assets and the efficiency of utilization. This ratio is important for the airlines as the acquisition of the aircrafts creates high capitalization cost instead of leasing aircrafts.(Heikal et al., 2014). Net Profit Margin: Mathematically, it can be obtained by dividing the net earnings of the company with its revenue. Formula: Net Profit / Total Revenue This ratio enables investor in identifying the capability of a firm for translating its total sales into the total income (Eriotis et al., 2016). Liquidity Ratio George Loizides conducted a study in 2011 to examine the key financial ratios amongst various scheduled carriers. In his study he selected two Southwest European airlines named Aegean and Cyprus. The study calculated the liquidity ratio for both the airlines to analyze the company's ability to cover its short term liability using its current assets. In terms of airline industry short term assets are: account receivables, cash, prepaid expenses etc. and short term obligations are: account payable, bank debt, deferred revenue etc. In case of airline industry c deferred revenue consist of derivative financial instruments, ticket payments, bank overdrafts and borrowings (Loizides, 2011). Current Ratio: In this ratio the association between the short term liabilities and short term assets is examined. For any company, 2:1 is considered as the best current ratio. Current ratio shows the short term financial standing of the firm during an accounting period. (Tugas, 2012). Formula: Current Assets / Current Liabilities Quick Ratio: Investors uses quick ratio to evaluate the cash flow and short term liquidity of an airline. This ratio discloses whether or not organization can realize its short term debt with its liquid assets. Current liquidity position of the firm is depicted by Quick Ratio. It also determines the firm's ability to maintain its short term liabilities and quick assets. Quick assets are those assets that can be liquidated immediately as per their present book value. This financial ratio is important to analyze the financial condition of an airline industry as they are capital intensive and they have debt in significant amount. If a company shows higher quick ratio then it is considered better (Kirkham, 2012). Formula: (Current Assets - Inventory - Prepaid Expenses) / Current Liabilities Liquidity and Solvency As per Morrell, if any crisis occurs like the terrorist attack or any resent financial crisis, then it is important to evaluate the Airlines liquidity and its access to finance. Infect they are essential for the endurance of the airline also they finance aircraft deliveries. Hence, it is important to access the liquidity and solvency of the airlines at the time of financial comparison. The liquidity ratio and solvency ratio consists of components such as short term liabilities, current assets, shareholder's equity and total liabilities. These all elements are necessary to calculate debt to equity ratio and current ration (Morrell, 2011). Debt to Equity Ratio - Long Term Solvency: This ratio helps in measuring the long term wealth of a firm. It analyses the association between the capital contributed by the owners of the firm and creditors of the firm. It also analyses the extent to which the shareholders can satisfy the obligations of the company towards its creditors. For example, if a firm is using more equity and less debt then it reflects lower equity ratio. On the other hand, if a firm is considering higher debt in order to grow its current position then it reflects the high debt to equity ratio (AL-Shubiri, 2012). Formula: Total debt / Total equity Equity Ratio- short term liquidity: It measures a firm's ability to cover its short term obligations. This ratio investigates the association between the short term liabilities and short term assets of a firm. It measures the total value of assets funded by the investors during the comparison of total assets to equity in the company. The purpose of calculating this financial ratio is to analyze a company's working capital to know whether or not organization can meet its operations requirement. Strong financial position of the company can be indicated with high current ratio and thereby it adds value to the company's performance within the industry in the market (Bhandari, 1988). Formula: Total Equity / Total Assets Market Performance Earnings per Share: Earnings per share show the companys profit which is allocated to shares of common stock. It calculates the portion of profit to each shareholder (Livnat Segal, 2000). Formula: (Net Income - Preferred Dividend) / Weighted Average Outstanding shares Dividend per Share: DPS is the part of dividend which each shareholder receives and it is declared by the company on per share basis(Gordon, 1959). Formula: Dividend / Number of Shares A study was conducted by Ahati (2008) to compare the financial performance of Merck Co. and Pfizer Inc. for this study. He analyzed the past three annual reports of both the companies. Growth ratio was calculated to measure the investment growth rate of both the companies. Liquidity indicators showed that Pfizer has a much higher current ratio as compared to Merck's. This clearly indicates that Pfizer has higher capability to pay off its current liabilities because short term assets and short term liabilities were two times than the current ratio. The price sales ratio of both the companies was calculated to know the revenue of the companies and the results showed that price sales ratio of Merck was higher than the price sales ratio of Pfizer, and this indicated that investors pay more for Merck than Pfizer. The results of this study calculated the return on assets ratio for both the companies to identify their efficiency of managing resources. On the basis of the comparison, it was concluded that Merck showed higher efficiency in maintaining a more efficient use of the assets in order to make a great profit as compared to Pfizer (Ahati, 2008). As per the study conducted by Loizides (2011)Aegean has the potential to cover its liabilities almost two times as compared to Cyprus hence Aegean is in better position. In terms of asset turnover ratio, both the airlines show a similar pattern over the three years. In terms of debt ratio, Cyprus airline's debt ratio was high and this shows that the proportion of its liabilities relative to its assets is 95 percent and it is a bad sign to come in the coming years. On the other hand the debt ratio of Aegean was stable and around 50percent of this indicated the good portion of the assets of the company to be attributed to its liabilities. Aegean will not face any leverage risk in the coming years (Loizides, 2011). Mergers and Acquisitions (MA) in aviation industry have been popular from the decades. However, MAs in the airline industry has become quite common in recent years. Kabi and Sajnani conducted a study on merger and acquisition in aviation industry in India to identify impact of MA on airlines. They aimed at determining whether or not merged airlines are able to attain financial performance efficiency particularly in terms of leverage, liquidity, and many more parameters. The results of the study revealed that no improvement were noticed in the return on equity, interest coverage, net profit margin, dividend per share and earnings per share of the surviving company after the merger acquisition. This study analyzed the financial performance of Kingfisher Airlines and Air Deccan after their merger in 2006. The analysis of the ratios depicted that the earning per share and market price both were decreased after the merger. Decline in earnings per share indicated reduction in the sales re venue, rise in operating expenses and rise in the interest payments. The current ratio was decreased after the merger by 35 percent which indicated the scarcity of resources to pay its current debts and difficulty in meeting the current obligations (Kabi Sajnani, 2014). The financial analysis comparison of British Airways (BA) and Air France-KLM (AF) was conducted for the period of 2009 to 2012 on four standards that is, efficiency, profitability, financial gearing, and liquidity. The results of the study stated that both the airlines were highly volatile and AF showed worse results than BA. In the year 2012 the profitability of the AF fell deeper due to increasing costs. In terms of liquidity both the airlines were suffering from low liquidity as their current liabilities exceeded their current assets. The reason behind the low liquidity was the burden of aircrafts leasing payments, interest payments and debt payments (Riha, 2013). Research Objectives and Questions Research Methodology This research study will be performed to evaluate the financial performance of Singapore Airlines and New Zealand Airlines. Both sources of the primary and secondary data will be used in this study. Secondary source of data will be conducted in the form of literature review. (Saunders et al., 2009). Research Design A research design is concerned with the better understanding of a less understood topic. It is an approach to apply better appropriate research method on the study with a view to answering the questions of the research. An appropriate research design is decided on the basis of the research questions. This research study can be categorized into the exploratory research as it will explore the financial conditions of the airlines and it will address the "what" element in the research questions (Saunders et al., 2009). Type of research Research can be broadly categorized as Secondary research and Primary Research. In primary research, usually data is collected directly from the source of information. This research is performed by the researcher itself. There are various methods of collecting data in the primary research such as interviews, focused group, etc. The choice of the suitable method depends upon many factors such as research type, population size, and many more. The secondary research on other hand is based on the previous data wherein facts and information is gathered from the previous reports and articles. This research will be totally based on secondary research as the ratios will be calculated on the basis of the financial statements of both the companies. Various facts and figures will be taken from the annual reports and ratios will be calculated to identify their current financial position (Saunders et al., 2009). Data collection There are two types of data: quantitative data and qualitative data. Qualitative data consists of non-numeric data while quantitative data consists of numbers and figures. As this research will compare the financial performance of two airlines hence, to perform all the ratios the data will be taken from the official annual reports of both the companies from their official website. The data taken from the annual report of the companies will be in the quantitative form as ratios are calculated in quantitative form and their values are compared in the same way (Eriksson Kovalainen, 2008). Data Analysis The data will be analyzed on two approaches. The first approach is based on theoretical claims. Theoretical concepts from the prior researches will be used to interpret the final results and to achieve the objectives of the study while the second analysis will be based on interpretation of the research materials wherein relationship between the airlines and its influencing factors will be interpreted. This method will be beneficial to answer the questions of the study (Eriksson Kovalainen, 2008). References Ahati, T., 2008. Financial Analysis: Merck Co., Inc. vs. Pfizer Inc. Wordpress. Airnewzealand, 2015. Air New Zealand Announces Record Annual Result. [Online] Available at: https://www.airnewzealand.com/press-release-2015-air-new-zealand-announces-record-annual-result. Al-Shubiri, F.N., 2012. Debt Ratio Analysis and Firm Investment: Evidence from Jordan. International Journal of Economics and Financial Issues, 2(1), pp.21-26. Bhandari, L.C., 1988. Debt/ Equity Ratio and Expected Common Stock Returns: Empirical Evidence. The Journal of Finance, 43(2), pp.507-28. CAPA, 2015. Singapore Airlines outlook brightens as profits, yields improve. New connectivity strategies emerge. [Online] Available at: https://centreforaviation.com/analysis/singapore-airlines-group-improves-as-profits-yields-improve-new-connectivity-strategies-emerging-224825. Eriksson, P. Kovalainen, A., 2008. Qualitative Methods in Business Research. SAGE. Eriotis, N.P., Frangouli, Z. Ventoura-Neokosmides, Z., 2016. Profit Margin And Capital Structure: An Empirical Relationship. The Journal of Applied Business Research , 18(2), pp.85-88. Fedosova, A., 2016. Comparison between Low-cost and Traditional Airlines. Feng, C.M. Wang, R.T., 2000. Performance evaluation for airlines including the consideration of. Journal of Air Transportation Management, 6(3), pp. 133-142. Gordon, M.J., 1959. Dividends, Earnings, And Stock Prices. The Review of Economics and Statistics , 41(2), pp. 99-105. Heikal, M., Khaddafi, M. Ummah, A., 2014. Influence Analysis of Return on Assets (ROA), Return on Equity (ROE), Net Profit Margin (NPM), Debt To Equity Ratio (DER), and current ratio (CR), Against CorporateProfit Growth In Automotive In Indonesia Stock Exchange. International Journal of Academic Research in Business and Social Sciences, 4(12), pp.101-14. [Accessed 2016]. Kabi, B.K. Sajnani, M., 2014. Mergers And Acquistions In Aviation Industry. International Journal of Mgt. And Science, 4(2). Kirkham, R., 2012. Liquidity Analysis Using Cash Flow Ratios and Traditional Ratios: The Telecommunications Sector in Australia. Journal of New Business Ideas Trends, 10(1), pp.1-13. Livnat, J. Segal, D., 2000. The Calculation of Earnings per share and Market Value of Equity: Should common stock equivalents be included?. Loizides, G., 2011. Examining Key Financial Ratios amongst scheduled carriers. Madrigal, D. McClain, B., 2016. Strengths and Weaknesses of Quantitative and Qualitative Research. [Online] Available at: https://www.uxmatters.com/mt/archives/2012/09/strengths-and-weaknesses-of-quantitative-and-qualitative-research.php [Accessed 8 june 2016]. Morrell, P., 2011. Current challenges in a "Distressed" industry. Journal of Air Transport Management, 17(1), 14-18. Pearce, B., 2015. The shape of air travel markets over the next 20 years. International Air Transport Association (IATA). Riha, S., 2013. BA FA financial analysis 2009-2012. Saunders, M., Lewis, P. Thornhill, A., 2009. Research methods for business students. Pearson Education. Tugas, F.C., 2012. A Comparative Analysis of the Financial Ratios of Listed Firms Belonging to the Education Subsector in the Philippines for the Years 2009-2011. International Journal of Business and Social Science , 3(21), pp.173-90.
Tuesday, December 3, 2019
Executive Summary This project is meant to create awareness of software that were developed by students of this university. The management of this university has been encouraging creativity and innovation from the student body. As a result, various groups of students have made massive efforts, with the help of their lecturers, to come up with new products that will make a difference in the society.Advertising We will write a custom report sample on Project Plan of car tracker software specifically for you for only $16.05 $11/page Learn More The software helps in tracking of cars in case they are lost. The software does not only help in tracking the car, but also takes and transmits photos of the person driving the car. This software is an improvement of the existing car tracking software that helps in tracking cars when they are lost. Its ability to transmit the image of the parson driving the car is meant to help detect the person who has stolen the car . This will make arrest of the criminal easier. The criminal will have liberty of covering his face, but this will only jeopardize chances of being arrested by the highway officers who will want to know the reason why the face is hidden. The software also has a further capacity of capturing and transmitting the image of the immediate environment. This helps in tracing the direction taken by the carjackers. This is a massive project that will help advertise this software in the market. Introduction Purpose of the Report This report is meant to advertise car tracker software developed by a group of students within the campus. Although my society members consider universities as institutions for inventions and innovations, they have not taken seriously the fact that very good products can come from these universities. The fact that students lack enough money to bankroll expensive television commercials, their products always fail to get public attention, making it difficult to get the market they need. Their invention ends up being stolen, if not cheaply bought by major companies which have the capacity to commercialize the product. This project aims at helping these innovative students by ensuring that their products receives the much needed public attention that will help make the known in the market.Advertising Looking for report on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Background of the study Students have been complaining that they work hard to come up with various innovative ideas but the ideas are never developed. They state that they come up with ideas, but because of enough money, their ideas are always bought cheaply by companies who use them to earn a lot of money. In some cases, they are always surprised by unethical actions of some companies which steal their ideas at their inception. This group that came up with this project worked very hard to ensure that the project is a succe ss. Sure enough, they have been able to test and confirm the fact that the device works well and can help reduce cases of theft of cars (Murch 2004, p. 112). The main concern is now to ensure that the device reaches the market in time, and that the developers of the software get to benefit, and not greedy companies that are always ready to steal these ideas. What the Report Will Cover In this report, the focus will be on how effectively this software can be popularized in the market. This project is geared towards ensuring success of another project. This project focuses on how to make the software project succeed in making their product successful in the market (Panneerselvam Senthilkumar 2010, p. 90). The developers have worked had to ensure that the devise works. However, they lack the capacity to make their product known in the market. This is where this project comes in. Limitations According to Nagarajan (2005, p. 79), in every project are expectations. There are people who h ave their expectations of any given project. It is always important to specify the objectives of the project in order to ensure that peopleÃ¢â¬â¢s expectations are regulated. Every project manager always aims at offering satisfaction to all stakeholders. This may be jeopardized if their expectations are not regulated. In this project, there are some limitations that is important to be stated. It is important to note that this project is limited to creating awareness of the product. It is not related in any way, to the effectiveness of the product, or its functionality.Advertising We will write a custom report sample on Project Plan of car tracker software specifically for you for only $16.05 $11/page Learn More Any technical aspect of the product is not in any way related to this project. It is also important to note that the scope of the project is limited to this country. The project does not cover creation of awareness beyond the borders of this co untry. Activities of the Project Project Scope As stated above, the scope of this project is limited to advertisement and other mechanisms through which the software can be known in the market. The scope of this project does not include any technicalities of the product. It is also important that this project does not cover delivering the product to the market. It specifically focuses on the awareness creation of the product in the market. Project Objectives According to Nagarajan (2005, p. 112), it is always important to specify objectives of a project. In this project, there were specific objects that the project manager, together with project members, wishes to achieve. Creation of general awareness of the product within the domestic market within a period of four months. Make the market know the existence of the product and some of the features that make the product unique. Deter any form of piracy, or an attempt to mimic this technology by major industry players through massiv e advertisement and warnings. Help the students who developed this idea take their product to the market. Project Deliverables Project deliverables are some of the tangible and intangible outcomes of a project. In this project, some of the project deliverables include the extent to which people will be aware of this product after four months that the project plans to take (Kousholt 2007, p. 89). Another deliverable in this project includes the amount of income that the developers shall generate through the sale of their project. The ability of the product to be sold in the market without any form of piracy is also another deliverable in this project. Constrains In every project, there are always project constrains that should be considered in making the project successful. In this project, the first constrain was time. As a student, it was not easily to get free time to conduct a massive awareness of the product in the market. Another constrain was finance to enable project members move from one corner of the country to another; and to use some of the major media stations in this country. Stakeholders Management and Project Organization The management of this project is shown in the diagram below. Although the project will be done by a group of marketing managers, it shall also incorporate developers of this project. Their participation is important in ensuring that that they understand important issues concerning marketing of their project.Advertising Looking for report on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More The project manager will be at the helm of all the activities talking place in this project. The developers will have a special niche in this project where they will be allowed to give their views on this project, but will not directly take part in the activities of the project. Risk Management, Project Quality, Monitoring and Control It is always important to understand some of the risks that are always presented in any given project, and how to manage them (Kanda 2011, p. 76). In this project, the management of project risks will be conducted by a special group which will be responsible for quality management. They will be responsible for detecting and managing of the risks in time. The team will be responsible for monitoring various activities within the firm, and determining the best control methods for these risks and other issues that may arise in the process of project implementation. Conclusion This project is focused on ensuring the car tracking software that were develope d by a group of university students reach the market to the benefit of students. It has been so unfortunate that students in the universities have been coming with creative ideas that are stolen by major companies within this country. The Gantt chart in the appendix below shows the timeline within which the project is expected to bring to a conclusion. List of references Kanda, A 2011, Project management: A life cycle approach, PHI Learning Private Limited, New Delhi. Kousholt, B 2007, Project management: Theory and practice, Nyt Teknisk Forlag, New York. Murch, R 2004, Project management: Best practices for IT professionals, Prentice Hall PTR, Upper Saddle River. Nagarajan, K 2005, Project management, New Age International, New Delhi. Panneerselvam, R Senthilkumar, P 2010, Project management, PHI Learning, New Delhi. Appendix Timeline for the Project In every project, there must be a clear schedule that should be followed to ensure that it achieves its objectives. This project sho uld be completed within four months. The system should be up and running within the four months from the day it is officially set operational. The Gantt chart below specifies the activities that will be carried out in this project Gantt chart Time: 2013 January February March April Project Activity Project Planning Project Proposal Development Project Proposal Approval Recruitment of Project Team members Development and Test Detailing Requirements Development of Prototype Approval of the Prototype Development of a version Test the version Apply the correction on the version Approve the final version Implementation Train all the users Rolling out the final version The above Gantt chart demonstrates all the activities that should be accomplished within a specified duration. The activities should be accomplished within a time span of three months. The activities will s tart from January 2013, to April the same year. This report on Project Plan of car tracker software was written and submitted by user J0ey to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.