Thursday, January 2, 2020
GMO to Be or Not to Be
GMO: to Be or Not to Be Genetically modified organisms (GMO) are created by means of genetic engineering methods. Genetic engineering is a science that allows people place DNA fragments into the genome of plant, animal or microorganism from any other body and give them certain properties. For example, tomatoes possess frost resistance gene from the Arctic flounder, potatoes have a bacteria gene, whose venom is deadly for the Colorado potato beetle, rice feature a human gene that is responsible for the ingredients of breast milk, which makes the cereal more nutritious. Experimental creation of genetically modified organisms began in the 70s of the 20th century. In 1992 in China they began to grow tobacco that was resistant to pesticides. In 1994, genetically modified tomatoes that were resistant to transportation appeared in the USA. Since that time, the production of GMOs was gaining momentum. As a result, now we have GM soy, corn, rice, potatoes, tomatoes, canola, sugar beets, wheat, peas, sunflower, papaya, cotton, tobacco, cows with high fat content of milk, salmon that can live both in salt and fresh water, as well as many other products. Still, growing and consuming genetically modified organisms is accompanied by several risks. Environmentalists fear that genetically modified forms may accidentally penetrate into the wild, which will inevitably lead to catastrophic changes in all ecosystems. For example, cross-pollinated weeds can get a GM-gene of resistance to pests and pesticides. Then, the multiplication of weeds will be uncontrollable. Self-regulation in ecosystems will be destroyed. Weeds will displace many species that are unable to compete with them and occupy large areas, which will be constantly expanding. In addition to the environmental risks, associated with the problems of cultivation of GMOs, there are dietary risks. Consuming of a transgenic products, recieved after transplantation of Brazil nutââ¬â¢s gene into the DNA of soybean, caused many people have allergic reactions to protein. Plant varieties that are resistant to pesticides can accumulate harmful substances and cause poisoning when consumed.
Wednesday, December 25, 2019
Litrature Review. Ii. The Social Servicescape (The Social
LITRATURE REVIEW II. The Social servicescape (The Social environment) According to Baker et al., (1994), social servicescape is related to people who share a specific service environment. Bitner, et al (1990) defined social servicescape as ââ¬Å"The service encounter that often occurs in the presence of multiple customers who share a common servicescapeâ⬠. While Tombs and Kennedy (2002) defined it as ââ¬Å"a service setting where the human aspects of the environment impact on the behavior of customers as a result of direct and indirect interactions with other persons presentâ⬠. Rosenbaum Montoya (2007), described social servicescape as customers and employees who are found in a service setting. While Edvardsson et al. (2010) defined servicescapeââ¬â¢sâ⬠¦show more contentâ⬠¦Sometimes the reasons that get customers attracted to a place extend past the physical attributes of the place, the kinds of merchandise it provides or the level of service it offers (Low Altman, 1992). Tombs and McColl-Kennedy (2003) suggested, that the service experience consists of not only external or physical factors, for instance the atmospherics, but also the social aspects, where the social factors of service environment may favor or inhibit customerââ¬â¢s entertainment of the service environment. In addition, the same authors proposed in their conceptual model that customers have significant role in impacting service experiences, which will impact patronage intentions within a service setting. Moreover, the results of a study that was carried out by McGrath and Otnesââ¬â¢ (1995), to some extent also support the previous researchersââ¬â¢ findings. As McGrath and Otnesââ¬â¢ study recognized, social interaction took place not only between shoppers and sales people but also between shoppers. which they defined as ââ¬Å"strange interactionâ⬠. Urban sociologist Oldenburg (1999) named specific types of servicescape settings, for instance, coffee shops, pubs and restaurants as third places or ââ¬Å"great good placesâ⬠. These places are informal public places that gather people away from home and work. Moreover, Rosenbaum (2006)
Tuesday, December 17, 2019
The Great Gatsby By F. Scott Fitzgerald - 1112 Words
F. Scott Fitzgerald seems to have made a large impact in the literature world with his story of Great Gatsby. The story of the Great Gatsby may seem to be an easy read with little meaning to the characters as well as the plot. However after scouring through Fitzgeraldââ¬â¢s autobiography it comes clear that the character of Daisy Buchanan was solely inspired by the authorââ¬â¢s wife. Fitzgerald even took phrases out of real life conversations him and his wife had and incorporated it in the book. This helps bring a deeper meaning to Daisyââ¬â¢s character for the reader as well as a true understanding for the book and its inspirations. It comes clear that much of the book is solely based off of events occurring during this time period, or real life characters living during this time period. The most obvious examples are the Jazz age, The Lost Generation, and the American Dream; three topics which Gatsbyââ¬â¢s lifestyle seems to be revolved around. At one of the final points in The Great Gatsby when Tom and Daisy retreat back to their careless lives leaving Gatsby dead and Nick to clean up the mess, the readerââ¬â¢s view on Daisy takes a downhill spin. The previous understanding that Daisy was the poster child in an era of ever-changing lifestyle and surging economic growth, From the readerââ¬â¢s first meeting with Daisy up until her escape with Tom, she seems more in love with money, ease, and a luxurious lifestyle than Gatsby himself. Gatsbyââ¬â¢s lifestyle lures Daisy in rather than Gatsbyââ¬â¢s charmShow MoreRelatedThe Great Gatsby by F. Scott Fitzgerald1393 Words à |à 6 PagesF. Scott Fitzgerald was the model of the American image in the nineteen twenties. He had wealth, fame, a beautiful wife, and an adorable daughter; all seemed perfect. Beneath the gilded faà §ade, however, was an author who struggled with domestic and physical difficulties that plagued his personal life and career throughout its short span. This author helped to launch the theme that is so prevalent in his work; the human instinct to yearn for more, into the forefront of American literature, where itRead MoreThe Great Gatsby By F. Scott Fitzgerald1343 Words à |à 6 PagesHonors English 10 Shugart 18 Decemeber 2014 The Great Gatsby F. Scott Fitzgerald s 1925 novel The Great Gatsby is a tragic love story, a mystery, and a social commentary on American life. The Great Gatsby is about the lives of four wealthy characters observed by the narrator, Nick Carroway. Throughout the novel a mysterious man named Jay Gatsby throws immaculate parties every Saturday night in hope to impress his lost lover, Daisy Buchanan. Gatsby lives in a mansion on West Egg across from DaisyRead MoreThe Great Gatsby By F. Scott Fitzgerald1155 Words à |à 5 PagesThe Great Gatsby The Jazz Age was an era where everything and anything seemed possible. It started with the beginning of a new age with America coming out of World War I as the most powerful nation in the world (Novel reflections on, 2007). As a result, the nation soon faced a culture-shock of material prosperity during the 1920ââ¬â¢s. Also known as the ââ¬Å"roaring twentiesâ⬠, it was a time where life consisted of prodigality and extravagant parties. Writing based on his personal experiences, author F. ScottRead MoreThe Great Gatsby By F. Scott Fitzgerald1166 Words à |à 5 Pagesin the Haze F. Scott Fitzgerald lived in a time that was characterized by an unbelievable lack of substance. After the tragedy and horrors of WWI, people were focused on anything that they could that would distract from the emptiness that had swallowed them. Tangible greed tied with extreme materialism left many, by the end of this time period, disenchanted. The usage of the literary theories of both Biographical and Historical lenses provide a unique interpretation of the Great Gatsby centered aroundRead MoreThe Great Gatsby by F. Scott Fitzgerald845 Words à |à 3 PagesIn F. Scott Fitzgeraldââ¬â¢s novel, The Great Gatsby, colors represent a variety of symbols that relate back to the American Dream. The dream of being pure, innocent and perfect is frequently associated with the reality of corruption, violence, and affairs. Gatsbyââ¬â¢s desire for achieving the American Dream is sought for through corruption (Schneider). The American Dream in the 1920s was perceived as a desire of w ealth and social standings. Social class is represented through the East Egg, the WestRead MoreThe Great Gatsby By F. Scott Fitzgerald Essay970 Words à |à 4 Pagesrespecting and valuing Fitzgerald work in the twenty-first century? Fitzgerald had a hard time to profiting from his writing, but he was not successful after his first novel. There are three major point of this essay are: the background history of Fitzgerald life, the comparisons between Fitzgerald and the Gatsby from his number one book in America The Great Gatsby, and the Fitzgerald got influences of behind the writing and being a writer. From childhood to adulthood, Fitzgerald faced many good andRead MoreThe Great Gatsby By F. Scott Fitzgerald2099 Words à |à 9 Pagesauthor to mirror his life in his book. In his previous novels F. Scott Fitzgerald drew from his life experiences. He said that his next novel, The Great Gatsby, would be different. He said, ââ¬Å"In my new novel Iââ¬â¢m thrown directly on purely creative workâ⬠(F. Scott Fitzgerald). He did not realize or did not want it to appear that he was taking his own story and intertwining it within his new novel. In The Great Gatsby, by F. Scott Fitzgerald, he imitates his lifestyle through the Buchanan family to demonstrateRead MoreThe Great Gatsby By F. Scott Fitzgerald1607 Words à |à 7 Pages The Great Gatsby is an American novel written in 1925 by F. Scott Fitzgerald. One of the themes of the book is the American Dream. The American Dream is an idea in which Americans believe through hard work they can achieve success and prosperity in the free world. In F. Scott Fitzgerald s novel, The Great Gatsby, the American Dream leads to popularity, extreme jealousy and false happiness. Jay Gatsbyââ¬â¢s recent fortune and wealthiness helped him earn a high social position and become one of the mostRead MoreThe Great Gatsby By F. Scott Fitzgerald1592 Words à |à 7 PagesMcGowan English 11A, Period 4 9 January 2014 The Great Gatsby Individuals who approach life with an optimistic mindset generally have their goals established as their main priority. Driven by ambition, they are determined to fulfill their desires; without reluctance. These strong-minded individuals refuse to be influenced by negative reinforcements, and rely on hope in order to achieve their dreams. As a man of persistence, the wealthy Jay Gatsby continuously strives to reclaim the love of hisRead MoreThe Great Gatsby By F. Scott Fitzgerald1646 Words à |à 7 PagesThe 1920s witnessed the death of the American Dream, a message immortalized in F. Scott Fitzgeraldââ¬â¢s The Great Gatsby. Initially, the American Dream represented the outcome of American ideals, that everyone has the freedom and opportunity to achieve their dreams provided they perform honest hard work. During the 1920s, the United States experienced massive economic prosperity making the American Dream seem alive and strong. However, in Fitzgeraldââ¬â¢s eyes, the new Am erican culture build around that
Sunday, December 8, 2019
Accounting Theory and Issues and Manufactures
Question: Discuss about the Accounting Theory and Issues and Manufactures. Answer: Introduction: Nestle is one of the biggest wellness, health and nutrition company. Their primary mission is Good Food, Good Life and to offer the most nutritious, best tasting choices to the customers with a broad range of eating occasions, beverages and foods from morning to night. For the last few decades their promises to manufacture foods to fulfil the unique requirements of people is the secret behind the success they achieved. Nestle Australia is the subsidiary of Nestle SA. There are more than 5000 employees in nestle Oceania that operates 20 offices, 5 distribution centres and 12 operates all around the Oceania region that includes Pacific Islands, New Zealand and Australia. Although, nestle is famous for their confectionary products, that is just a small part of their dealings. They have some products, which are best loved in Australia, for example, Milo, uncle Tobys, Maggi, Nescafe and Purina (Rosendal et al., 2015, pp. 112-125). Building value for share is a crucial part of carrying out their business. They strongly believe that to protect and enlarge their business they must think beyond sustainability and compliance and must generate greater value for the shareholders, society and customers as a whole. They use four simple words to explain their business. Those words are: Good Food, Good Life. They believe that to be enable to enjoy life people must have a balanced approach about the things they drink and eat. Safety, reliable level of quality and great tastes, convenience and value for money strategies also improves the enjoyment of life and food (Mialon et al., 2016, p.283). Accounting issues: The accounting procedure of nestle accounts for the offices as well as the factories. The balance sheet and their implementation with the financial reports of the company are combined together. The objectives of doing this are the implementation of the financial statements reveal the status of the company. It is very crucial with regard to the audit and needs a strong control for maintain the financial records for 50 years. This procedure serves better corporate governance and confidence for the company as a whole (Celik et al., 2016). Traditionally, nestle had allowed every local organization to carry on their business with consideration to the business culture and local conditions. To assist in this decentralized approach, they had 80 units for information technology that operated on 15 mainframes, 900 IBM AS/400 midrange computers and 200 UNIX systems that enabled the users to explain their infrastructure as genuine. Surprisingly, despite of its big, they did not have any corporate centre for their computer. Thus, the management of nestle found that allowing the local differences led to extra cost and inefficiencies that refrained the company in competing effectively in the e-commerce world. To coordinate and standardize their information into the business processes they installed a program called SAP R/3 ERP (enterprise resource planning) to incorporate the accounting applications, distribution and material (Yu et al., 2016, p.189). Conceptual framework: The primary objective of conceptual framework is to provide the information related to the reporting company, which is required by the investors, stakeholders, creditors and potential investors. The consolidated financial statement complies with the IFRS (International Financial Reporting Standards) released by the International Accounting Standard Board (IASB). Their accounts are prepared on the accrual basis and under the method of historical cost, unless otherwise stated. Accounting policies are added in the relevant notes to the financial statement (Li, Woo Selomulya, 2016, pp.196-204). The assumptions and estimates are evaluated on ongoing basis. Revisions for accounting estimations are made during the period in which period the transactions have impact. In individual companies, foreign currency transactions are transacted based on the prevailing exchange rate on the transaction date. Monetary liabilities and assets are translated based on the year-end rates. Any differences arising due to the exchange rate are adjusted against the income statement. Sales explain the receivable and received amount from the third parties for the supply of goods and services. Sales are recorded only after the awards and risks related to the particular transaction are transferred to the purchaser. COGS is calculated based on the cost of purchase or production and adjusted for the difference in inventories. All other expenses related to the operation, such as, promotions and advertising are transacted when the group accepts all the rewards and risk related to the expenses. Assets that are held for disposal and sale are shown separately in the current segment of balance sheet when the following objectives are fulfilled: The company is committed to dispose or sale the assets An active plan for sale has been started Sale is anticipated to be completed within the period of 12 months. Cash inflow for the disposals of business mainly related to several disposals of significant and non-significant items. The consolidated financial report involves the transactions of Nestle SA and other companies under the group. Companies under the group are consolidated fully from the date of their acquisition. The group gain the control over a company when they can control the return of that company and has the ability to influence the return from their involvement. Business combination is accounted for utilising the method of acquisition. Where not all the equity of the subsidiaries are acquired through non-controlling interest are identified as the non-controlling share of interest for the total identifiable asset. After obtaining the control of the business, the group revaluate the equity interest which were held previously and identified as the loss or gain in the revenue statement. Changes in the IFRS after 31 December that could affect the group are as follows: IFRS 9-Financial instrument: This standard states the financial reporting for the financial liabilities and financial assets involving the measurement, classification, impairment, hedge accounting and de-recognition. IFRS 15 Revenue from the agreements with customers: This standard combines, replaces and enhances guidance for identifying the revenue with single standard. IFRS 16 Leases: This standard will alter IAS 17 and prepare the objectives for measurement, presentation, recognition and disclosures of the leases. The crucial effect on the group is that this IFRS introduces a unique model for lessee accounting and needs a lessee to identify the liabilities and assets for all leases. Other amendments and improvements related to IFRS/IAS: Various standards have been altered on diverse points. None of these alterations are probable to have a significant effect on the financial statement of the group. Challenges and sustainability: Nestle defines the term sustainable development as the process of maximising the global access towards higher quality of food. At the same time they assures contributing towards long-term economic and social development and safeguard the environment for the future generations. To continue their commitments towards social and environmental sustainability that are necessary for operating their factories and for the development and growth of the countries and communities in which they operate manage their function actively. They recognised that their position in the society calls for responsibilities as well as opportunities to carry on their business with compliance to the international standards, national laws and business values. They believe that the business, which is based on the high quality beverage products and food can sustain for long-term development. The primary objective for locating the prospect of production in developing world is more important than sourcing the raw material. Even though it consists only one third of their profit, they have 48% of their employees and 45% of their factories are in developing countries. They have publicly declared that the fundamental principle for their economic investment is that they must be good for the company as well as the country. Through these objectives, nestle seeks to be the true associate for sustainable development. Their primary objective is to attain the requirements of their consumers and customers for the quality food items that are value for money. By implementing this successfully, they are able to create long-term development, sustainable results for economics for all the stakeholders. With their factories in more than 80 countries all over the world, developments of their business can be felt by the economies all over the world. These take place in various ways. For instance, through the transfer of technology, through the programmes of apprentice, training for the employees to comply with the international standards, and paying the taxes that will assist in construction of local infrastructure. Nestle is contributing to the sustainable development of economies all over the world and improving the quality of the locally available foods at the same time. Financial performance and graphs for different years: Particulars (Amount in Million CHF) 2012 2013 2014 2015 Sales 89,721 92,158 91,612 88,785 Operating profit 13,464 14,047 10,905 12,408 Net profit 10,677 10,445 14,904 9,467 Earnings per share 3.21 3.14 4.54 2.90 Current assets 30,066 34,020 33,961 29,434 Non-current assets 91,857 90,376 99,489 94,558 Total Assets 125,877 120,442 133,450 123,992 Current liabilities 38,597 32,917 32,895 33,321 Non-current liabilities 24,616 23,386 28,671 26,685 Total liabilities 63,213 56,303 66,566 60,006 Total equity 62,664 64,139 71,884 63,986 Table 1: Financial performance (Source: nestle.com, 2017) Calculation of ratios: Ratio Formula 2012 2013 2014 2015 Current ratio Current assets/ current liabilities 0.78 1.03 1.03 0.88 Debt asset ratio Total debt / total assets 0.22 0.18 0.16 0.17 operating margin ratio operating profit/ sales 0.15 0.15 0.12 0.14 Return on asset ratio Net profit/ Total assets 0.08 0.09 0.11 0.08 Inventory turnover ratio Sales/ Inventory 10.04 10.99 9.99 10.89 Table 1: Financial performance (Source: Created by author) Four basic ratios that are calculated to evaluate the performance of a company are: Liquidity ratio: It includes current ratio of a company and measures the liquidity position of a company. This ratio states the company is able to pay- off their short-term obligations. A ratio of more than one is generally considered good. From the above table, it can be seen that the current ratio of the company for the year 2013 and 2014 is above the average. However, the ratio for 2012 and again for the year 2015 is below than the average requirement. They can improve the ratio through paying the debt or converting the short-term debt into long-term (Van Den End Kruidhof, 2013, pp. 91-106). Solvency ratio: It indicates the financial stability of a company and includes the debt asset ratio. A company with more debt will not be able to manage their cash flows efficiently. From the above table, it can be seen that the total debt of the company with consideration to its total asset is in a better position, which indicates that the company is financially viable (Xia, Fei Liu, 2015, pp. 317-324). Profitability ratio: It states the ability of management to convert their sale revenue into cash flow and profits. It is measured based on the operating profit to sales ratio, return on asset ratio (Lartey, Antwi and Boadi, 2013). A higher ratio indicates that the company is able to create return for their shareholders. From the above table, it can be seen that the profitability ratio of the company, that is, operating margin ratio as well as the return on asset ratio are very low. It indicates the company is not able to convert their revenue from sales into profits (Ehrhardt Brigham, 2016). Efficiency ratio: Common efficiency ratios are inventory turnover ratio and receivable turnover ratio (Park et al., 2014, 361-368). High inventory ratio indicates that the company is able to convert their inventory into sales successfully (Eng, 2013, pp. 153-167). From the above table, it is seen that the inventory turnover ratio of the company over the past years are stable. Social and economic responsibility: They understand their responsibilities in sourcing the raw materials through the ethical manner and at the same time, they are well aware about the probable impact on communities as well as on environment. They also understand the shareholders and consumers always look for the information related to the origination and production of the ingredients. This also assists in creating transparency and traceability in the supply chain. In the year 2013, they invested greater than $03.8 million in maintaining and upgrading their production sites in Oceania. They are committed to enlarge their business through investing in their factories, brands and customers. Their main objective is to be active in the society in which they carry on their business through focussing their hard work in those segments where they can add maximum value, such as, nutrition, health, environmental sustainability and encouraging active lifestyle (Day, 2014). Their good life programmes starts with a wide range of spo nsor activities, specific programs and partnership. In the year 2013, they build development program for aboriginal youth to provide support to the people who contributed in creating difference in the lives of the aboriginal women all around Australia. In the year 2013, they worked with more than 1000 girls from secondary school (Caplan et al., 2016, pp. 57-66). Approximately 200 girls and their mothers participated in the Mother Daughter Program, which was commenced in 50% of all RMLA academies. The Mother Daughter Program involved the launch of an aboriginal cookbook in 2013. They also trained 15 Aboriginal women to become Nutrition Champions and trained 12 Graduates, aged 45 Years in Communication (Phillips, 2014). In past few years their main targets in Oceania were: The program must be continued in all RMLA academics 400 women and girls must participate in the Nestl Mother Daughter Program 30 women from Indigenous community were trained as Nestl Nutrition Champions Nestl employees must volunteer a total of 4,500 hours They are committed to play an active part in minimising the emissions of greenhouse gas through improving the efficiency of resources, investing more for renewable energy and switching to cleaner fuels. Greater than 91% among usage of all energy in the year 2013 was used for producing the products, whereas, 29% was sourced from renewable energy and their target for 2020 is 20%. Conclusion: From the above discussions, it can be concluded that the company is aware about their duties in sourcing the raw materials through the ethical manner and at the same time, they are well aware about the probable impact on communities as well as on environment. Their main objective is to operate their business actively in the society in which they operate their business through focussing their hard work in those segments where they can add maximum value, such as, nutrition, health, environmental sustainability and encouraging active lifestyle. Recommendation: From the financial performance table, it can be seen that the company is not able to convert their revenue from sales into profits and their operating margin ratio as well as the return on asset ratio are very low. The company should take necessary steps to minimise their operating expenses and maximise the usage of available resources. Moreover, to increase their liquidity position they should pay off their short-term borrowing immediately or if not possible, then should take measures to convert their short-term loan into ling term. Reference: Caplan, D., Dutta, S.K. and Lawson, R.A., 2016. Corporate Social Responsibility Initiatives Across the Value Chain.Journal of Corporate Accounting Finance,27(4), pp.57-66. Celik, A., Dixon, J.B., Pouwels, S., Celik, B.O., Karaca, F.C., Gupta, A., Santoro, S. and Ugale, S., 2016. Effects of different metabolic states and surgical models on glucose metabolism and secretion of ileal L-cell peptides: protocol for a cross-sectional study.BMJ open,6(3), p.e010245. Day, C., 2014. The Rhetoric of Corporate Identity: Corporate Social Responsibility, Creating Shared Value, and Globalization. Ehrhardt, M.C. and Brigham, E.F., 2016.Corporate finance: A focused approach. Cengage learning. Eng, T.S., 2013. The Effect of NIM, Operational Efficiency Ratio (BOPO), LDR, NPL CAR Toward ROA of International And National Public Listed Banks For The Period of 2007-2011.Journal of Dinamic Management, pp.153-167. https://www.nestle.com/. (2017). Annual report, Nestle. [online] Available at: https://www.nestle.com/asset-library/documents/library/documents/annual_reports/2013-annual-report-en.pdf [Accessed 21 Jan. 2017]. Lartey, V.C., Antwi, S. and Boadi, E.K., 2013. The relationship between liquidity and profitability of listed banks in Ghana.International Journal of Business and Social Science,4(3). Li, K., Woo, M.W. and Selomulya, C., 2016. Effects of composition and relative humidity on the functional and storage properties of spray dried model milk emulsions.Journal of Food Engineering,169, pp.196-204. Mialon, M., Swinburn, B., Allender, S. and Sacks, G., 2016. Systematic examination of publicly-available information reveals the diverse and extensive corporate political activity of the food industry in Australia.BMC public health,16(1), p.283. Park, M.C., Peterson, A., Patton, J., McGarry, M.H., Park, C.J. and Lee, T.Q., 2014. Biomechanical effects of a 2 suture-pass medial inter-implant mattress on transosseous-equivalent rotator cuff repair and considerations for a technical efficiency ratio.Journal of Shoulder and Elbow Surgery,23(3), pp.361-368. Phillips, N., 2014. Corporate Social Responsibility ReportingNestl Company.City. Rosendal, S.P., Strobel, N.A., Osborne, M.A., Fassett, R.G. and Coombes, J.S., 2015. Hydration and endocrine responses to intravenous fluid and oral glycerol.Scandinavian journal of medicine science in sports,25(S1), pp.112-125. Van Den End, J.W. and Kruidhof, M., 2013. Modelling the liquidity ratio as macroprudential instrument.Journal of Banking Regulation,14(2), pp.91-106. Xia, D.F., Fei, W.Y. and Liu, H.J., 2015. Estimating the shareholders terminal payoff based on insurers solvency ratio in mixed fractional Brownian market.Applied Mathematics-A Journal of Chinese Universities,30(3), pp.317-324. Yu, S.C., Powell, A., Khow, K.S. and Visvanathan, R., 2016. The performance of five bioelectrical impedance analysis prediction equations against dual x-ray absorptiometry in estimating appendicular skeletal muscle mass in an adult Australian population.Nutrients,8(4), p.189.
Sunday, December 1, 2019
Master Murabaha Financing Agreement free essay sample
Murabaha and disbursement of the new one. . Rebate on early payments * If the customer makes early payment and there is no commitment from the institution in respect of any discount in the price of Murabaha, than the institution as the sole discretion in allowing them the rebate. * It is not recommended to make it a practice and must be avoided in normal course of business. Such issue, if arises, should be brought in the knowledge of Shariah advisor 4. Penalty on late payments As soon as the Murabaha is executed, the Murabaha price becomes a receivable (Dayn) for the Bank. Hence, any amount charged over and above the dayn amount will be Riba. * However, it is permissible to have an undertaking from the customer to pay an amount of money or a percentage of the debt to be donated to charitable causes in the event of delay in payment/installments. . Subject matter of Murabaha * Goods must exists at the time of execution of Murabaha. We will write a custom essay sample on Master Murabaha Financing Agreement or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page * Murabaha cannot be done in all commodities, e. g. such as currencies, gold, silver. * Murabaha cannot be used for paying utility bills, wages, overhead expenses, etc. * General rules of sale related to subject matter must be followed 6. Purchase Evidence * In order to ensure that the customer actually purchased the assets as claimed, the customer is required to submit asset purchase evidence along with Offer place after the agency agreement. * Asset purchase may be in the form of Invoices, elivery orders, truck receipts etc. * In some cases, however, it may be too burdensome for the client to submit all the invoices as the number of invoices may run into hundreds. * For example, cotton purchases are generally in small quantities from various sources and hence for each Sub-Murabaha there may be too many invoices to submit. It is suggested to furnish considerable sample of invoices along with summary of all purchases. 7. Direct Payment in Murabaha In many cases, the disbursement is made to the customer as an agent of the bank. * In order to ensure transparency of the Murabaha, it is preferable that isbursement / payment be made directly to the supplier. Profit Recognition in Generally in Murabaha transaction there are in two stages: * Investment Stage (Agency to Purchase) * Financing Stage (Declaration to payment) * The profit for the Murabaha transaction can be recognized after the goods are sold by the bank to the customer. Training of Customers Bank staff Proper training understanding of is very important for * Bank staff dealing with the Murabaha * Customers purchase officers accounts staff. Process of Murabaha differ from product to product 10. Application of Murabaha is not simple for all products * Its application differs from products to products like * shares * Leather * Cotton * Gas * petrol Sugar cane Therefore the RM/RO dealing with the customer needs to understand and define step wise process flow along with the credit approval for each new customer/ industry.
Tuesday, November 26, 2019
The Similarities and Differences Between ââ¬ÅThe Lotteryââ¬Â and ââ¬ÅDead Mans Pathââ¬Â Essay Example
The Similarities and Differences Between ââ¬Å"The Lotteryâ⬠and ââ¬Å"Dead Mans Pathâ⬠Essay Example The Similarities and Differences Between ââ¬Å"The Lotteryâ⬠and ââ¬Å"Dead Mans Pathâ⬠Paper The Similarities and Differences Between ââ¬Å"The Lotteryâ⬠and ââ¬Å"Dead Mans Pathâ⬠Paper Essay Topic: The Lottery and Other Stories Contrast Comparison Essay on ââ¬Å"The Lotteryâ⬠and ââ¬Å"Dead Mans Pathâ⬠Carmen Nonon Ms. Judith King English 111 8 April 2009 The Similarities and Differences Between ââ¬Å"The Lotteryâ⬠and ââ¬Å"Dead Manââ¬â¢s Pathâ⬠In the two short stories â⬠The Lotteryâ⬠by Shirley Jackson and ââ¬Å"Dead Menââ¬â¢s Pathâ⬠by Chinua Achebe, tradition plays a part. In ââ¬Å"The Lotteryâ⬠, the villagers gather together once a year and meet in the square for a drawing to determine that yearââ¬â¢s sacrifice. In ââ¬Å"Dead Menââ¬â¢s Pathâ⬠the story is about a pathway to a burial site that passes through the school grounds, which was closed off by Mr. Obi, the headmaster of the school who had a different religious belief than the villagers. ââ¬Å"The Lotteryâ⬠and ââ¬Å"Dead Manââ¬â¢s Pathâ⬠have a similarity in that they both have death in them. In ââ¬Å"The lotteryâ⬠, the idea is that the head of every family picks a piece of paper from the black box. If the piece of paper has a black dot on it, a member of the family is stoned to death. In ââ¬Å"Dead Menââ¬â¢s Pathâ⬠, the people of the village say that their dead relatives depart by the path and their ancestors visit them. It is also the path of children coming in to be born. So the people in the village believe that a village woman, who died two days after giving birth to her child, died because Mr. Obi blocked the burial pathway. The common theme of control is reflected in both of the stories. In ââ¬Å"Dead Menââ¬â¢s Pathâ⬠Mr. Obi blocks the path from the villagers to take control over them passing through the school compound, so that they wouldnââ¬â¢t destroy the beautiful garden with its hibiscus and allamanda hedges. In ââ¬Å"The Lotteryâ⬠Mr. Summer was a powerful, wealthy man who controlled and put all his energy to the activities in the town such as square dances and the Halloween programs. The Lotteryâ⬠and ââ¬Å"Dead Manââ¬â¢s Pathâ⬠have a major contrast in that a different belief system is what leads to death. In ââ¬Å"The Lotteryâ⬠the villagers believed that all had been well when the village was tiny and by performing the ritual of sacrificing a villager they would have control over the population from growing. In ââ¬Å"Dead Menââ¬â¢s Pathâ⬠the villagers strongly believed that by blocking the pathway something bad would happen. Another difference between the stories is that ââ¬Å"The Lotteryâ⬠is a reality for the characters; whereas, in ââ¬Å"Dead Menââ¬â¢s Pathâ⬠there are spiritual forces. In ââ¬Å"The Lotteryâ⬠villagers turn to Mrs. Hutchinson and physically stone her to death, and in Dead Menââ¬â¢s Path the woman died from natural childbirth, due to a superstition, which is a belief and not a physical act. There are characters in both stories who sought to modernize their villagers. In ââ¬Å"The Lotteryâ⬠Mr. Adams questions the Lottery and says to Old Man Warner that other villagers are thinking about giving up the lottery and to practice the modern methods. Old Man Warner makes a remark and says ââ¬Å"Pack of crazy fools,â⬠and then tries to explain the importance of the ritual to survival of the village. In ââ¬Å"Dead Menââ¬â¢s Pathâ⬠, the village priest of Ani called Mr. Obi to discuss the closing of path and explain that the life of the villagers depend on it. That there dead relative departs by it, and their ancestors visit through the path. Mr. Obi listened with a closed mind and refused to listen to the priest and refused to open the path, but when a white supervisor came to inspect the school he wrote a nasty report, therefore changing the past and making new traditions. The differences in ââ¬Å"The Lotteryâ⬠is that Mr. Adams spoke his opinion to one individual instead of meeting with the villagers and discuss why they donââ¬â¢t stop the practice of the lottery. The difference in Dead Menââ¬â¢s Path is the initial approach taken by the priest and the villagers was successful. Because that they tried to close it unsuccessfully, it is assumed that the other attempts were unsuccessful. While both stories have similarities, they also have differences. They can both be compared when looking at the themes of death and control. However, both stores are very different. The belief system of each story and the reality vs. spiritual tendencies are ways the stories are different.
Friday, November 22, 2019
5 Types of Unnecessary Hyphenation
5 Types of Unnecessary Hyphenation 5 Types of Unnecessary Hyphenation 5 Types of Unnecessary Hyphenation By Mark Nichol The sentences below, each followed by a discussion and a revision, illustrate various ways in which a hyphen is used extraneously. 1. He adds that cities should be forced to follow a federally-defined law pertaining to what kinds of benefits restaurants should be required to provide to their employees. Because adverbial phrases such as ââ¬Å"federally definedâ⬠(where the adverb federally modifies the adjective defined, which in turn modifies a noun) so closely resemble adjectival phrases such as ââ¬Å"little knownâ⬠(where the adjectives little and known combine to modify a noun), and phrases in the latter category are usually hyphenated before a noun, adverbial phrases are also often (incorrectly) hyphenated. Here, as in the case of all adverbial phrases ending in -ly, ââ¬Å"federally definedâ⬠is not hyphenated: ââ¬Å"He adds that cities should be forced to follow a federally defined law pertaining to what kinds of benefits restaurants should be required to provide to their employees.â⬠(However, flat adverbs- those lacking the -ly ending- are hyphenated to an adjective when the adverbial phrase precedes a noun, such as ââ¬Å"high ranking.â⬠2. Most of them are small- and medium-sized cities many people may never have heard of. Small is followed by a hyphen here as if it constitutes a case of suspended hyphenation, where a repetition (in this case) of sized is implied, but the two elements modifying cities are not ââ¬Å"small sizedâ⬠and ââ¬Å"medium sized,â⬠but rather small and ââ¬Å"medium sized,â⬠so the hyphen after small is erroneous: ââ¬Å"Most of them are small and medium-sized cities many people may never have heard of.â⬠3. The film was among the highest-grossing that year. A phrasal adjective is generally not hyphenated when it follows the noun it modifies: ââ¬Å"The film was among the highest grossing that year.â⬠(Alternatively, retain the hyphen but insert a synonym for the noun after the phrasal adjective, as in ââ¬Å"The film was among the highest-grossing releases that year.â⬠) 4. The developers proposed to phase-in that part of the project over the course of several years. ââ¬Å"Phase inâ⬠consists of a verb and a preposition, which have no need of a hyphen to signal their interrelationship: ââ¬Å"The developers proposed to phase in that part of the project over the course of several years.â⬠(This error likely exists as a result of a confusion of the phrase with its use as an adjectival phrase, where a hyphen is valid, and as the noun phase-in, similar to built-in.) 5. Jones is a past-president of the organization. In this sentence, past is an adjective modifying president, and as such, it should not be attached to the word it modifies: ââ¬Å"Jones is a past president of the organization.â⬠Want to improve your English in five minutes a day? Get a subscription and start receiving our writing tips and exercises daily! Keep learning! Browse the Punctuation category, check our popular posts, or choose a related post below:Congratulations on or for?"Gratitude" or "Gratefulness"?How to Treat Names of Groups and Organizations
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