My Mother, My Hero Essay - 802 Words

My Mother, My Hero In 1859 Henry Ward Beecher said, the mother’s heart is the child’s schoolroom. I believe that statement because of experiences I’ve had with my own mother. I have learned more about life from her than from my 15 years of schooling. Over the last 20 years my mother has taught me many valuable lessons just by being a living example of compassion, thoughtfulness, and generosity. She is an angel that has protected and carried me throughout life. In the book, One Day My Soul Just Opened Up, Iyanla Vanzant said, a truly compassionate person is one who can feel what you feel because they are one with you in mind, body, and spirit, not out of obligation or a false sense of responsibility. A compassionate person is†¦show more content†¦Besides being compassionate my mother is thoughtful. She stays at work late if someone needs help with theirs. She brings my grandmother dinner and runs errands for her. She is always putting others before herself. For instance, last year I began singing in the choir at Iowa State. It was really important to me because singing has always been a passion of mine. She drove to Ames for every single concert. It meant a lot to me to have her in the audience supporting me. This year I also started singing in the choir at my church. I was really excited and nervous about singing the first Sunday so few days before I was going to sing she gave me a beautiful necklace with a star pendant on it. I r emember her warm hug and her telling me good luck and that I was ‘her star’. It touched me that she took time out of her busy schedule to encourage and support things that she knew were important to me. She could have just wished me well and enjoyed her few minutes of spare time, but instead she put me first. The third aspect I admire in my mother is her generosity. She is always buying things for others. We aren’t a rich family by any means, but she is always giving. Just a few weeks ago my mother’s friend was talking about not being able to afford a new winter coat for her son. That night my mother went out and bought him one. Then about a month ago my mother heard about a woman who is a recovering drug addict.Show MoreRelatedMy Hero : My Mother Is A Hero813 Words   |  4 Pagesresponsibility, said uncle ben in spiderman. A hero to me means someone who does their best to help whenever they can, gives the best advice and always show compassion. All of these traits represent the hero I call my mom. She may not have super powers to climb walls and scale buildings but she has many other heroic qualities. My mother is my hero because she has courage when confronted with a problem, gives me strength when I need it, and has the power to teach. My mother will spring into action when facedRead MoreThe Hero Of My Mother : My Favorite Hero792 Words   |  4 Pagesmyself a cliche when asked who my favorite hero is-- I always answer my mother. It’s an honest answer. As long as I can remember, my mom has always been the one beside me and supporting me in what I do. My father was around, but he was also, in a way, absent. He didn’t care. My mother did all the work around the house, including supporting the family emotionally. She and my father are no longer together, and I honestly don’t know how she lasted as long as she did. My mom is a strong woman that inspiresRead MoreMy Hero: My Mother Essay496 Words   |  2 PagesThe one person that I could never live without, the reason I am standing till this day, is my mother. My mother is who I thank and admire most of all. Without her dedication and hard work, I would be in the squatters of the Philippines, stuck in a place where it is a very difficult place to make a good enough living or even make enough money to keep the bread on the table for your family. Her main goal and dream was to pass the NCLEX exam, it would permit her to go to America. That would allow herRead MoreNegative Speech : My Mother Is A Hero824 Words   |  4 PagesChristopher Reeve once said, A hero is an ordinary individual who finds the strength to preserve and endure in spite of overwhelming obstacles. Everyday people get hit with obstacles but most people get scared and give up. A true hero however is one who gets up off the canvas and keeps growing no matter the circumstance. My mother is my hero because every single day of her life she gets up with a positive attitude and grinds no matter what. If she gets knocked down she always gets up and becomesRead MorePersonal Narrative : The Perfect Day1671 Words   |  7 Pagest have been happier. How could I have not been happy. I had a great day of school with all my friends, my mom bought me lunch and I was just on my way to the comic book store. It was a 6 year old s dream. I was skipping down the sidewalk, holding my mom’s hand when I noticed a weird man in the alleyway. â€Å"Want some free comics?† he begrudgingly asked, and being the idiotic 6 year old I was, I let go of my mother’s hand and ran towards him. At the moment I entered the alley, everything turned darkRead MoreA Hero Essay939 Words   |  4 Pages                                                               Hero         A hero is defined as many things. While many people consider heroes to be larger than life figured, Christopher Reeves says that, A hero is an ordinary person, who preserves, and endures despite overwhelming challenges. This quote analyzes an unconventional definition of a hero from Christopher Reeves point of view. What truly makes a hero is the courage to say that, it is not one, which is the hero it is someone else. Someone else that foughtRead MoreHeroes Essay957 Words   |  4 PagesHeroes Essay The question remains: who is worthy to be called a hero? I have seen many people who deserve the title of a hero for many bold actions. Sure, they do not wear legendary costumes, drive bat-mobiles or possess superhuman abilities. Of course, there is much more to a hero than just what is visible to the eye. As a matter of fact, it is all about what is on the inside—the qualities and behavior fixed in a mentality. That is why self-obsessed people do not make it on the list of heroesRead MoreMark Mathabane’s Kaffir Boy Essay1684 Words   |  7 Pagesovercomes the hardships and goes to college in America. Mathabane as a child is reluctant to go to school although his mother forces him to go but he earns rewards through education in school and tennis. His family is his aid that helps in his journey and sufferings in South Africa. He almost quits school when his friends in his neighborhood put a bad influence over him however his mother is there to support him. In the end o f the journey, he earns a scholarship and is recognized for his sportsmanshipRead MoreMy Mom Is My Hero992 Words   |  4 Pagesand everyone has a different hero. Some people’s heros may be someone famous or someone in a book. My hero just happens to be my mother, Naomi Peterson. She raised me and continues to raise me into the person I am and the person I am becoming. She taught me from a very young age how to be a hard worker and to help others. For obvious reasons she is my idol and hero. When I think about the qualities of a hero, I think of someone who is courageous, loving, and selfless. My mom is all of these and moreRead MoreAnalysis of Julia Alvarezs Book, In the Time of the Butterflies1198 Words   |  5 Pagesthinks she is. Her physical flaws, her need for reliance, and her loss of her own determination proves that she is not the strontest sister in the story, or the hero of the story. Minerva is the type of person who makes sure that everyone looks at her as being a strong person, however, this desired image is only a betrayal of herself. Many heros or courageous leaders in stories never have chararcterics flaws or in other words health problems. In the book though, Minerva has many health problems that

The Black Death Swept Across The Europe - 1903 Words

In the fourteenth century, the Black Death swept across the Europe. In just two years this terrible plague took over 20 million lives. The rumors say that the struggle against this mysterious disease would alter the course of human history. In a remotely continent in Central Asia, the Bacillus Yersinia Pestis lay for hundreds of years for wild rodents. Then on 1388, a drought or an earthquake violently disturbed the balance of nature, driven from its natural habitat, the Bacillus began a deadly exodus, the Black Death. From its cradle in Central Asia, the plague slowly migrated towards man. It was carrie d the blood stream of black rats and the fleas that fed with them. The Bacillus moved quickly as it moved along the traders as the blood of infected rats. With it came the plague, spreading like a deadly river of death, first into China, then into India, then west into Egypt and Asia Minor. Within eight years, it could reach the Crimea. Rumors of the terrible plague raising in the east began to circulate through the Mediterranean Sea poles, but no one thought that this disease would strike Europe. A group of Italian merchants, expelled from their trading post had taken refuge in the fortified city of Caffa, on the Black Sea. Tensions between the Christian merchants from Italy and the local Muslims residents erupted into street brawls. The minor skirmish soon became a war, the Muslims sought help from their local Mongol prince to lay siege to the Italians inside the wallsShow MoreRelatedEffects Of The Black Death On The Economy930 Words   |  4 PagesThe Black Death or more commonly known as Bubonic Plague, decimated European society in the mid 14 century to the extent that it has not been seen since in human history. It not only killed fifty to sixty percent of the population, but it also brought huge changes to the people of Europe. The impact of the plague caused effects on the economy, society, family structure, public policy, health science, religion, philosophy and literature. Its’ effects would last until the eighteenth century and beyondRead MoreThe Myth Of Fou rteenth Century Europe845 Words   |  4 PagesDuring a period within fourteenth century Europe, a pestilence known as the bubonic plague swept across eastern Asia and into England via trade, leaving millions dead in its wake. The Black Plague arrived at a time of war and famine in Europe, only further devastating the lives of medieval citizens. Religiously, socially, and politically, there were no immediate changes from the Black Plague, however, a Catholic schism, the ability for social mobility, and standing armies would develop in the followingRead MoreThe Plague Of Europe And Asia1165 Words   |  5 Pageshundreds were a time of turmoil in Europe and Asia for many reasons . It was a time of Panic, disease, political instability, and a decline in the power of the church . Although each of these problems are somewhat unrelated, they all stem from the same source, the Bubonic Plague. The bubonic plague started in Asia, and spread its way into parts of Northern Africa and Europe devastating everything in its path. Not only did the Black Death effect the people of Europe and Asia, it effected their economicRead MoreIs Yersinia Pestis A Bacterial Infection Responsible For The Deaths Of Millions Of People?976 Words   |  4 PagesYersinia Pestis is a bacterial infection responsible for the deaths of millions of people starting in the 1300’s and still continues to infect people to this day. This bacterial strain is the basis of three very serious and potentially fatal diseases: the Bubonic plague, the Pneumonic Plague, and the septicemic Plague. The difference between the plagues is primarily the location of the infection but the symptoms also vary as well. The bubonic plague attacks the Lymphatic system whereas the PneumonicRead MoreThe Black Death Hit The Shores Of Europe983 Words   |  4 PagesThe Black Death hit the shores of Europe in October 1347. After a long a tough journey, through the Black Sea, twelve ships or Genoese docked at the Sicilian Port. Those who greeted the ships had a horrifying site of dead sailors and the sailors who were alive were greatly ill. It is said that the sailors had awful fevers, were not able to keep food down, and they were covered in black boils that oozed blood and puss. This is where the name Black Death came from. Although the ships were ordered toRead MoreThe Economic, Political, and Social Effects of the Black Death1268 Words   |  6 Pages1351 in Europe. This massive destruction of human life was known as the Black Death. This Black Death was an ecological disaster on a global scale. 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In the course of just a few months, 60 percent of Florence’s population wasRead MoreHow Stability was Maintained during the Middle-Ages622 Words   |  3 Pagesobligations. Stability is maintained as long as the system doesn’t change. Physical power resides with the king and nobles through their knights. The Church’s power resides through controlling people’s beliefs. Serfs were tied to the land. The Bla ck Death, however, brought about such massive changes in demographics / population that the demand for a limited labor source (the peasants) meant that this social group at the bottom of the social ladder grew in importance (as seen in the 1381 PeasantsRead MoreThe Black Death Essay1196 Words   |  5 Pagesfalling down. The nursery rhyme refers to the Black Death, one of the worst plagues of all time (Schladweller). Known as infectious diseases that spread quickly and kill countless people, plagues have had a tremendous affect on people around the world since the beginning of time. The Black Death, also known as the bubonic plague, is a contagious bacterial infection that has killed millions of people. With the bubonic plague brutally killing one fourth of Europe in the 14th century and devastating ChinaRead MoreThe Plague Of Bubonic Plague945 Words   |  4 Pagesdisease that rapidly swept across Europe. Also known as the Black Death, the plague spread from port to port and star ted to wipe out entire civilizations. All of Europe was eventually contaminated, with over two-thirds of the population dieing to the infectious disease. Believed to have started in 1346 when the Mongol armies overtook the Genoese trading outpost of Caffa on the Black Sea, over half the soldiers on the boat returned dead. The quickness of the infection and then death, brought a fear to

Financial analysis report Free Essays

Letter of internal control from external auditors 5. Minutes of board meetings 3. Energy sector analysis Energy is considered to be the lifeline of economic development. We will write a custom essay sample on Financial analysis report or any similar topic only for you Order Now For a developing economy with a high population growth rate, it is important to keep a balance between energy supply and emerging needs. If corrective measures are not effectively anticipated significant constraints start emerging for development activities. The rise in global energy demand has raised questions regarding energy security and increased the focus on diversification, generation and efficient allocation. The answer lies in the attainment of optimal energy mix through fuel substitution by promoting energy efficiency and renewable energy and interregional co-operation. However, oil and natural gas will continue to be the world’s top two energy sources through 2040. Pakistanis economy has been growing at an average growth rate of almost 3 percent for the last four years and demand of energy both at production and consumer end is increasing rapidly. Pakistanis total energy consumption stood at 38. Million tones of oil equivalent in 2010-11. The relative importance of the various sources Of energy consumption of Liquid Petroleum Gas (LAP), electricity and coal has been broadly similar since 2005-06. The share of gas consumption stood at the highest equal to 43. Percent of the total energy mix of the country, followed by oil (29. 0 percent). 3. 1 crude Oil The total supply of crude oil for the fiscal year 2010-11 was 75. 3 million barrels. The 68. 1 percent was imported and 31. 9 pe rcent was locally extracted. 3. Natural Gas The consumption of increasing natural gas is rapidly. As on December 31st 201 1, the balance recoverable natural gas reserves have been estimated at 24. 001 Trillion Cubic Feet. The average production of natural gas during July- March 2011-12 was 4236. 06 million cubic feet per day (Emcee) as against 4050. 64 (Emcee) during the corresponding period of last year, showing an increase Of 4. 57 percent. Natural gas is used in general industry to prepare consumer items, to produce cement and to generate electricity. In the form of CNN, it is used in transport sector and most importantly to manufacture fertilizer to boost the agricultural sector. Currently 27 private and public sector companies are engaged in oil and gas exploration production activities. 3. 3 Liquefied Petroleum Gas-LAP LAP currently contributes only 0. 5 percent to the total primary energy supply in the country. However, 87 percent of its demand is met through local production. The rest is imported. This lower share is mainly due to local apply constraints and the higher price of LAP in relation to competing fuels like fuel wood, dung etc. Currently, in Pakistan, out of 27 million households, approximately 6 million are connected to the natural gas network while the rest are relying on LAP and conventional fuels such as coal, firewood, kerosene, biomass etc. LAP has thus become a popular domestic fuel for those who live in areas where the natural gas infrastructure does not exist. The annual total supply of LAP remained 467,476 tones; 1 , 281 tones were produced daily during 201 2, out of this 46 percent is produced in the private sector while 54 percent is produced in the public sector. How to cite Financial analysis report, Papers Financial Analysis Report Free Essays string(48) " licenses to use the above mentioned oilfields\." [pic] Bang College of Business (BCB) MBA Program Fall 2012 FN5201: Managerial Finance Draft Paper: Financial Ratio Analyses of JSC KMK Munai and ZhaiykMunai LLC Students: Kaisar Zharokov ID: 20110299 Zhanar Stambak ID: 20092628 Instructor: Mujibul Haque, Ph. D. Date of submission: November 14, 2012 Almaty 2012 Acknowledgement This report analyzes the balance sheets and income statements of ZhaiykMunai LLC and KMK Munai JSC, comparing 2009, 2010 and 2011. We will write a custom essay sample on Financial Analysis Report or any similar topic only for you Order Now The data in this report represent two companies’ financial performance. Common size income statements and balance sheets are used to compare two companies’ sizes and types. Trends for major balance sheet and income statement items and ratio analysis are used to compare and contrast companies by size and type. This report studied the financial statements of both companies, comparing 2009, 2010, and 2011, the last three years. Trends of major balance sheet and income statement items as well as financial ratios are presented for two companies’. We would like to thank the companies for the published financial statements for the last three years on the web-site of Kazakhstan Stock Exchange and made this report possible. Table of Contents I. Introduction II. Brief description of companies III. DuPont Analyses IV. Evaluation Working Capital Policies V. Assessment of Capital Structure Policies VI. Assessment of Dividend Policies VII. Break-even and leverage analyses VIII. P/E ratios analyses IX. Summary and Recommendations X. Appendix A – Financial statements from 2009 to 2011 XI. Appendix B – DuPont Analysis Working Capital Ratios tables 1 Introduction Objective The objective is to reveal the financial analysis techniques used to evaluate the financial performance of Zhaikmunai LLC and JSC KMK Munai, and evaluate the companies worthiness as an investment. Scope Using financial statements from 2009, 2010, and 2011, along with standard financial ratio analysis, we have been able to develop what we believe is a clear picture of companies’ financial performance. Note that the financial analysis was done using the financial report data from publicly available financial statements for the years 2009, 2010 and 2011 from KASE. We have included these statements for your review in Appendix A. Appendix B contains other measures of Zhaikmunai and KMK Munai Companies’ financial performance, as expressed in standard financial ratio analysis techniques using figures from the financial reports in Appendix A. Methodology Our research methodology requires gathering relevant data from the specified documents in order to analyze the material and arrive at a more complete understanding and historical changes of the selected companies. We hope to shed light on the following questions through our research: 1) A brief description and comparison of two chosen companies from the same industry, listed on KASE. 2) To perform the extended Du Pont analysis of both companies, analyze the results and make the comparison. 3) Working capital policies evaluation, classification and conclusion. ) Capital structure policy evaluation and comparison between two companies. 5) Assessing dividend policy of both companies and comparison. 6) Undertake break-even and leverage analyses, evaluation and comparison of it. 7) P/E ratios analysis and comparison. Limitations Although this research was carefully prepared, we are still aware of its limitations and shortcomings. First of all, the research was conducted based on financial statements from KASE for the last three years. Some information from financial statements might not be sufficient for a full company analysis. Secondly, in Zhaikmunai LLC company there were no dividend payments for the last three years and fifth paragraph from methodology – Assessing dividend policy couldn’t be calculated for that company. Finally, while acquiring data for the chosen companies we were limited only with financial statements of JSC KMK Munai for the 2010 and 2011 provided in Russian language but all the presented in data was easily translated and figures were recognizable. (II) Brief description of Zhaikmunai LLP and JSC KMK Munai companies Zhaikmunai Company Zhaikmunai LP is an Isle of Man registered limited partnership whose global depository receipts are listed on the London Stock Exchange. The Partnership indirectly holds 100% of Kazakhstan registered Zhaikmunai LLP (â€Å"Zhaikmunai†). Zhaikmunai is an independent oil and gas company developing the 274 square km Chinarevskoye field. The Chinarevskoye field is located in north-western Kazakhstan, 80 km northeast of Uralsk and about 60 km from the Russian border. Zhaikmunai’s name is derived from â€Å"Zhaik†, being the Kazakh name for the Ural River and â€Å"Munai† which means oil or hydrocarbons in Kazakh. Zhaikmunai was formed in March 1997 to explore, produce and sell crude oil and gas condensate in north-western Kazakhstan. In May 1997, Zhaikmunai was granted an exploration and production licence for the Chinarevskoye field, in the northern part of the oil-rich Pre-Caspian Basin. In October 1997, the Company entered into a Production Sharing Agreement (â€Å"PSA†) with the Republic of Kazakhstan. Zhaikmunai started with crude oil production in October 2000, and increased average monthly crude oil and condensate production from 2,210 boepd in 2004 to 33,552 boepd (including GTF products) in Q1 2012. Zhaikmunai’s operational facilities are located in Chinarevskoye field in the province of Batys in north-western Kazakhstan. They include an oil processing facility capable of processing 400,000 tpa (tones per annum) of crude oil, multiple oil gathering and transportation lines, a gas powered electricity generation system, major warehouse facilities and a tank farm for the storage of crude oil, materials, machinery and chemicals used in crude oil production, and an employee field camp. As of 31 December 2011, 11 wells were producing from the Tournaisian and 8 wells from the Ardatovsky and Biski Afoninski reservoirs. JSC KMK Munai JSC KMK Munai was established in 2004 through the merge of Kokzhide Munai LLP, Kumsai Munai LLP and Mortuk Munai LLP. Previously, the company was named as Lancaster Petroleum and then as KKM Operating Company. By the decision of new shareholders the company was renamed to JSC KMK Munai since March 2010. KMK Munai is an independent joint stock company that has subsoil contracts for Kokzhide, Mortuk and Kumsai oilfields based in Aktobe, West Kazakhstan region. The company has licenses to use the above mentioned oilfields. You read "Financial Analysis Report" in category "Essay examples" It has own pipeline which is connected with TransNeft. Comparison of Zhaikmunai LLP and JSC KMK Munai: Despite Zhaikmunai LP was formed in 1997 and JSC KMK Munai was established in 2004, Zhaikmunai LLP is a much smaller company cause it’s part of Zhaikmunai LP, which is currently engaging in the exploration, production, and sale of crude oil and gas condensate in northwestern part of the Republic of Kazakhstan. If we compare Total Assets and Revenues of these two companies for 2011 year, it will be easier to see the difference in size of these companies: |Zhaikmunai LLP |JSC KMK Munai | |Total Assets |1,231,883 |23,104,453 | |Sales |300,835 |7,806,540 | As we can see the difference is significant. JSC KMK Munai has much greater amount of assets and it’s greater in size than Zhaikmunai LLP. Generally speaking JSC KMK Munai company is much more developed company in that sphere of business. Profitability of Zhaikmunai and KMK Munai Companies 2) DuPont analysis The DuPont Analysis is important determines what is driving a company’s ROE; Profit margin shows the operating efficiency, asset turnover shows the asset use efficiency, and leverage factor shows how much leverage is being used. The method goes beyond profit margin to understand how efficiently a company’s assets generate sales or cash and how well a company uses debt to produce incremental returns. Using these three factors, a DuPont analysis allows us to dissect a company, efficiently determine where the company is weak and strong and quickly know what areas of the business to look at (i. e. , inventory management, debt structure, margins) for more answers. The measure is still broad, however, and is not a substitute for detailed analysis. The DuPont analysis looks uses both the income statement as well as the balance sheet to perform the examination. As a result, major asset purchases, acquisitions, or other significant changes can distort the ROE calculation. Many analysts use average assets and shareholders’ equity to mitigate this distortion, although that approach assumes the balance sheet changes occurred steadily over the course of the year, which may not be accurate either. First, let’s look at the Return on Investment (ROI) for 2009, 2010 and 2011, using the DuPont Model, which is margin times turnover. Margin is net income divided by the sales, and turnover is sales / average total assets  (Marshall, 2002). Zhaikmunai Company ROI for 2009:    |ROI |= |MARGIN |x |TURNOVER | |   |   |   |   |   |   | |   |Net profit after taxes |= |Net profit after taxes |x |Sales | |   |   |   |   |   |   | |Input: |-15,480 |= |-15,480 |x |116,033 | |Result: |-1. 5% |= |-13. 34% |x |0. 1160 | |   | | | | | | |   |   |   |   |   |   | Zhaikmunai Company ROI for 2010:    |ROI |= |MARGIN |x |TURNOVER | |   |   |   |   |   |   | |   |Net profit after taxes |= |Net profit after ta xes |x |Sales | |   | |   |   |   |   | |Input: |15,105 |= |15,105 |x |178,159 | |Result: |1. 9% |= |8. 47% |x |0. 1641 | |   | | | | | | |   |   |   |   |   |   | Zhaikmunai Company ROI for 2011: |ROI |= |MARGIN |x |TURNOVER | |   |   |   |   |   |   | |   |Net profit after taxes |= |Net profit after taxes |x |Sales | |   |   |   |   |   |   | |Input: |65,775 |= |65,775 |x |300,835 | |Result: |5. 4% |= |21. 86% |x |0. 2442 | |   | | | | | | |   |   |   |   |   |   | | |2011 |2010 |2009 | |Net Profit Margin (Net Income ? Sales) |22% |8,5% |-13% | |Return on Equity (ROE) = NI/E |29% |9,15% |-6,1% | |Return on Investment (ROI) |5,34% |1,39% |-1,5% | |Return on Assets (ROA) = NI/TA |5,34% |1,4% |-1,5% | Analysis and conclusion: First of all let’s just look what happened from 2009 to 2011 briefly, and then analyze and conclude company’s actions. As we know Net profit margin, ROE and ROA are calculated from NI, and due to world financial crisis, in 2009 Zhaikmunai LLP Company had losses of -15,480, it caused coefficients as Profit Margin, Return on Asset and Return on Equity to became negative for the 2009 year. Simply talking, there were no returns, moreover there were only losses. Next, in 2010 we can see that Profit Margin grew, as Return on Asset and Return on Equity, from negative to positive in comparison to 2009, but rise of coefficients was not great due to the results of financial crisis. Profit margin increased to 8. 5%, which reflected company’s successful actions during crisis. ROA became 1. 4% which is representing not bad, medium growth on return on assets. And ROE grew to 9,15%, according to that we can conclude that company started to gain momentum in it’s operations, gain profit, and unwind. One of the reasons of growth by the way of profit ratios, is the debt increase by 14% in 2010 (Capitalization Ratio increased from 60% to 74%). Despite for 2011 year Sales were increased almost twice as it were in 2010, Profit Margin in 2011 increased in about four times as it was in the previous year due to the company development and expand, it reflected good results in company activities. Return on Asset and Equity also increased which showed good progress in company work. ROE grew to 29% from 9% which shows 20% increase in return on it’s equity for 2011 year. Now, lets evaluate company’s performance for the last years: At over 384%, the increase in ROI and ROA between 2010 and 2011 is remarkable and shows that Zhaikmunai Company increased its sales while increasing the utilization of its assets used to generate these sales. And to achieve these results, the sales, operating income and average total assets had to all increase proportionately. In the short term, this would be a good trend, but if it continues, it could be a sign that Zhaikmunai Company is not keeping a big investment in assets, because not that as the denominator in this ROI calculation, a low asset figure can be used to help drive up the overall result. Meaning that if this trend continues, it may be an indication of increased operations rather than improvement in asset efficiency. DuPont Analysis of JSC KMK Munai: |2011 |2010 |2009 | |Net Profit Margin (Net Income ? Sales) |8,5% |4,1% |8,6% | |Total Asset Turnover (Sales ? Total Assets) |0,36 |0,41 |0,51 | |Equity Multiplier (Average Assets ? Average Equity) |3,11 |2,26 |1,94 | |Return on Equity (ROE) = Net Profit Margin*Total Asset Turnover*Equity Multiplier |9,6% |3,8% |8,5% | |Return on Investment (ROI) |3,1% |1,7% |4,4% | |Return on Assets (ROA) = NI/TA |2,9% |1,2% |5,7% | Analysis: From this table we can conclude that 2010 year was unsuccessful in comparison to 2009 and 2011 years for JSC KMK Munai company. Net Profit Margin had dropped mainly because of Net Income. For 2011 For 2010 For 2009 |665 836,0 |244 332,0 |505 400,0 | Net Income had dropped and that reflected on all returns coefficients such as ROE, ROI, ROA too. However if we will analyze ROA, not only NI influenced on it. For 2011 For 2010 For 2009 |Assets |23 104 453,0 |20 007 643,0 |8 798 664,0 | Assets were increased almost in 2. 28 times from 2009 to 2010 year. It’s a huge number and a great step for that company to success. So, we can conclude that JSC KMK Munai is developing very fast, it’s really easy to see how the company is expanding on the market. After growth in 2010, sales in 2011 increased by 31% which brought more NI and increased returns: ROI, ROA and ROE. Comparison of DU Pont analysis between Zhaikmunai LLP and JSC KMK Munai: As we know JSC KMK Munai is much greater company than Zhaikmunai, and despite it’s ROE for 2011 is lesser than Zhaikmunai 9,6% and 29%, KMK Munai has much greater profits. The smaller the company, it’s much easier to increase such profit ratios than for a bigger company with great amount of assets, cause more assets company have, lesser return will be reflected in such ratios like ROE, ROA, ROI. Also JSC KMK Munai is much more stable company in that business. For 2009 year KMK Munai has positive healthy ratio’s coefficients, however Zhaikmunai LLP has only losses and all it’s profit ratios and return ratios are negative. 3) Working Capital Policies Evaluation Zhaikmunai Company’s Working Capital Ratios: |Ratios |2011 |2010 |2009 | |CA/TA |0. 082 |0. 103 |0. 177 | |CA/Sales |0. 36 |0. 628 |1. 522 | |CL/TA |0. 087 |0. 072 |0. 069 | |Current Ratio |0. 941 |1. 426 |2. 551 | |Acid Quick Ratio |0. 806 |1. 355 |2. 501 | |Inventory days |74. 84 |38. 214 |28. 82 | |Trade Receivable days |15. 336 |3. 35 |43. 655 | |Inventory turnover |4. 77 |9. 551 |12. 665 | Analysis of Working Capital ratios: At 2011 year according to Current Ratio and CA/TA, also Quick ratio, Zhaikmunai chosen Aggressive working capital policy and working capital finance policy, because Current ratio 1;0. 941 and CA/TA=0. 082 which seems too small. Also we can see how the company is going from Conservative-Moderate to more Aggressive working capital policy with each year (CR for 2009=2. 551, for 2010=1. 426, then for 2011 its 0. 941). Usually with aggressive policy company is trying to get high returns with a high risk, the Aggressive working capital policy sees the company keep a really low amount of current assets. â€Å"The idea of it is to collect payment on time, leaving no debtors and invest that amount in the business. And pay the creditors as late as possible. It is a high risk arrangement though, because, should your creditor come asking for money, and for some reason, you don’t have enough money to pay them off, you might end up having to sell a costly asset to pay off your debt to them. A current ratio of 2 and an acid test of 1. 0 are considered adequate liquidity (Marshall, 2002). Zhaikmunai Company’s Acid Test numbers for 2010 and 2011 were 1. 355 and 0. 806, and its Current Ratio numbers for 2010 and 2011 were 1. 426 and 0. 941. Each sets of these ratio figures indicate that Sample Company could possibility have some difficulties in meeting its financial obligations, so these numbers will be important to watch closely in the future. Working Capital Ratios of JSC KMK Munai |Ratios |2011 |2010 |2009 | |CA/TA |0,12 |0,20 |0,34 | |CA/Sales |0,37 |0,68 |0,51 | |CL/TA |0,42 |0,45 |0,22 |Inventory-number of days |37,20 |21,89 |20,62 | |Acid test (Quick) ratio |0,22 |0,41 |1,40 | |Current ratio |0,30 |0,45 |1,58 | |Inventory Turnover |9,81 |16,67 |17,70 | |Asset Turnover |0,36 |0,41 |0,67 | |Receivable Turnover |50691,82 |1,61 |12,22 | |Receivable Turnover in Days (RTD) |0,01 |226,14 |29,86 | Analysis: At 2011 year according to Current Ratio and CA/TA, also Quick ratio, JSC KMK Munai chosen Aggressive working capital policy and working capital finance policy, because Current ratio 1;0. 3 and CA/TA=0. 12. Also we can see how the company is going from Conservative-Moderate to more Aggressive working capital policy with each year (CR for 2009=1. 58, for 2010=0. 45, then for 2011 its 0. 3). Usually with aggressive policy company is trying to get high returns with a high risk, the Aggressive working capital policy sees the company keep a really low amount of current assets. â€Å"The idea of it is to collect payment on time, leaving no debtors and invest that amount in the business. And pay the creditors as late as possible. It is a high risk arrangement though, because, should your creditor come asking for money, and for some reason, you don’t have enough money to pay them off, you might end up having to sell a costly asset to pay off your debt to them. † A current ratio of 2 and an acid test of 1. 0 are considered adequate liquidity (Marshall, 2002). JSC KMK Munai Company’s Acid Test numbers for 2010 and 2011 were 0. 41 and 0. 22, and its Current Ratio numbers for 2010 and 2011 were 0. 45 and 0. 3. Each sets of these ratio figures indicate that Sample Company could possibility have some difficulties in meeting its financial obligations, so these numbers will be important to watch closely in the future. Comparison: Both companies are using aggressive working capital policy in 2011 and aggressive working capital finance policy. Also both of them were using moderate/conservative working capital policy in 2009 year. However Zhaikmunai has much lesser risk to have some difficulties with meeting its financial obligations, cause it’s Current ratio for 2011 is 0,941 which is very near to 1, where JSC KMK Munai has 0,30 Current Ratio and risk in the short term is much higher. 4) Assessment of Capital Structure: Zhaiykmunai LLP: Capital Structure (in thousands of us dollars): |2011 |2010 |2009 | |Cash Cash Equivalents |47,537 |84,697 |132,344 | |Total Long term Debt |746,590 |739,103 |591,407 | |Preferred Stock |0 |0 |0 | |Minority interest |0 |0 |0 | |Total Stockholder’ s equity |225,849 |165,094 |252,846 | |Total Capitalization |1,019,976 |988,894 |976,597 | Capitalization Ratio for 2009: Long term Debt/TC=60,5%; Capitalization Ratio for 2010: Long term Debt/TC=74,7%; Capitalization Ratio for 2011: Long term Debt/TC=746,590/1,019,976=0. 732=73. 2%; Analysis: From the 2009 year Capitalization Ratio has increased from 60,5% to 73,2%, which indicates that Long term debt has increased in greater proportion than total capitalization including Stockholders equity, which represents risk to the company cause it has too much debts, however the company is not large in this sphere of business, and in order to develop more faster it needs to borrow. Also in 2009 year that company had some losses and in order to change the situation it made borrowings in 2010. Prudent use of leverage (debt) increases the financial resources available to a company for growth and expansion. It assumes that management can earn more on borrowed funds than it pays interest  expense and fees on these funds. However successful this formula may seem, it does require a company to maintain a solid record of complying with its various borrowing commitments. A long term debt to capitalization ratio for 2011 year which is 73,2% indicates that the business has 73,2% debts from total capitalization. We can conclude that Zhaikmunai LLP is a developing small company, and it had some major problems in 2009 when it had losses and it tries to solve the situation and expand in the market in a much faster way by borrowing funds. Also we can say that 73,2% of capitalization ratio is a great coefficient, and it can lead to some financial debt problems in the future. High long term debt to capitalization ratio would indicate the financial weakness of the firm and the debt would most likely increase the risk of the company. JSC KMK Munai: Capital Structure (in thousands of us dollars): |2011 |2010 |2009 | |Cash Equivalents |866,111 |1,694,115 |1,122,935 | |Total Debt |4,854,022 |4,538,304 |1,261,919 | |Preferred Stock |0 |0 |0 | |Minority interest |0 |0 |0 | |Total Stockholder’s equity |7,272,732 |6,998,413 |6,144,477 | |Total Capitalizatio n |12,992,865 |13,230,832 |8,529,331 | Capitalization Ratio for 2009: Long term Debt/TC=1,261,919/8,529,331=0. 148=14. 8%; Capitalization Ratio for 2010: Long term Debt/TC=4,538,304/13,230,832=0. 343=34. 3%; Capitalization Ratio for 2011: Long term Debt/TC=4,854,022/12,992,865=0. 374=37. 4%; Analysis: The high Capitalization ratio means that the finance of the company mainly comes from the debt which can be quite risky and is sometimes a reason for  bankruptcy. The higher ratio percentage shows how weak the company is financially. Similarly, a decrease in the long term debt to capitalization ratio would mean that there is an increase in the stock holder’s equity. Through the period from 2009 to 2011 we see how Capitalization Ratio was increasing from 14. 8% to 37. 4%. It means that the risk of financial debt problems is rising. However long term debt to capitalization ratio for 2011 year is much smaller than 1. 0 (0,374) which indicates that the business has less debts than capital which is a good thing for a business as it can’t lead to lots of financial problems. JSC KMK Munai has good and healthy Capitalization Ratio, which reflects that risk of debt payments is not substantial, and also we can conclude that this is a large company, because it usually appears that an indicator on either side of 35% is fairly typical for larger companies. Comparison: The examples of Zhaikmunai LLP and JSC KMK Munai will illustrate this important perspective for investors. As of FY 2011, Zhaikmunai had a capitalization ratio of 73,2%, and JSC KMK had 37,4%. It is difficult to generalize on what a proper capitalization ratio should be, but, on average, it appears that an indicator on either side of 35% is fairly typical for larger companies. Obviously, JSC KMK Munai low leverage is a significant balance sheet strength considering its ongoing struggle with product liability claims. Also Zhaikmunai LLP has very risky and not desirable Capitalization Ratio for investors of 73,2%, which shows that the risk of this company to bankruptcy is more significant than JSC KMK Munai for investors, because Zhaikmunai’s operations are created mostly on long term debts. 5) Assessment of Dividend Policies Zhaiykmunai LLC: There were no dividend payments through 2009-2011 years. Dividend payout ratio=0; KMK Munai Company: Dividends of 1,199, 971 thousand tenge were declared on April 30, 2008. Shareholders agreed to offset a portion of dividends payable net of withholding tax against related party receivables. No such offset occurred in 2009, 2010 and 2011. So, the dividend payout ratio of KMK Munai is also equal to 0. 6) Break-even point for 2011: We are taking COGS as total variable costs and General and Adminstrative expenses as total fixed costs in order to evaluate Break even point of these two companies: |Zhaiykmunai LLC |JSC KMK Munai | |(In US dollars) |(In tenge) | |Sales = 300,835 (S) |Sales = 7,806,540 (S) | |COGS=70,805 (VC) |COGS=1,915,342 (VC) | |General and Administrative expenses=18,874 (FC) |General and Administrative expenses=1,421,214 (FC) | |Break-Even Point = FC/(1-VC/S) | |VC/S=70,805/300,835=0. 35 |VC/S=1,915,342/7,806,540=0. 245 | |1-0. 235=0. 765 |1-0. 245=0. 755 | |BEP=18,874/0. 765=24,672 |BEP=1,421,214/0. 755=1,882,403 | |300,835/24,672=1219% of break even during the period; |7,806,540/1,882,403=414. 7% of break even during the period; | Break-even point for 2010: Zhaiykmunai LLC |JSC KMK Munai | |(In US dollars) |(In tenge) | |Sales = 178,159 (S) |Sales = 5,960,293 (S) | |COGS=53,861 (VC) |COGS=1,425,377 (VC) | |General and Administrative expenses=15,481 (FC) |General and Administrative expe nses=1,900,539 (FC) | |Break-Even Point = FC/(1-VC/S) | |VC/S=53,861/178,159=0. 02 |VC/S=1,425,377/5,960,293=0. 239 | |1-0. 302=0. 698 |1-0. 239=0. 761 | |BEP=15,481/0. 698=22,179 |BEP=1,900,539/0. 761=2,497,423 | |178,159/22,179=803% of break even during the period; |5,960,293/2,497,423=238. 7% of break even during the period; | Break-even point for 2009: Zhaiykmunai LLC |JSC KMK Munai | |(In US dollars) |(In tenge) | |Sales = 116,033 (S) |Sales = 5,865,138 (S) | |COGS=44,035 (VC) |COGS=2,207,135 (VC) | |General and Administrative expenses=16,182 (FC) |General and Administrative expenses=938,303 (FC) | |Break-Even Point = FC/(1-VC/S) | |VC/S=44,035/116,033=0. 379 |VC/S=0. 376 | |1-0. 379=0. 1 |1-0. 376=0. 624 | |BEP=16,182/0. 61=26,528 |BEP=938,303/0. 624=1,503,691 | |116,033/26,528=437% of break even during the period; |5,865,138/1,503,691=390% of break even during the period; | Break-even point of 24,672 in 2011 year of Zhaikmunai company is telling us that if sales will be lower than 24,672 the company may have some losses. In other cases it’s the same. Actually according to DOL – degree of leverage that will be described more precisely in the next part, we can tell that the higher the sales of these two companies the higher the profit will be, cause it has coefficient higher than 1 for 2009-2011 years for Zhaikmunai LLP as well as for JSC KMK Munai companies. Appendix A – Financial Statements from 2009 to 2011 [pic] [pic] [pic] [pic] |Translated Financial Statements of JSC KMK Munai for 2010 and 2011 | | | | | | |JSC KMK Munai | | | | |Statement of Financial Position | | | |As at December 31, 2010 and 2011 | | | | |In thousands of Tenge |2011 |2010 |2009 | |ASSETS | | | | |Non – current assets | | | | |Intagible assets |994584 |830444 |69282 | |Property, plant, and equipment |17664781 |13538143 |5380736 | |Cash, limited in its use |123089 | | | |Other non-current assets |1264169 |1491592 |322658 | |Deferred tax assets |161057 |104821 |33881 | |Total non-current assets |20207680 |15965000 |5806557 | |Curren t assets | | | | |Inventories |795640 |357440 |331374 | |Trade receivables |154 |643150 |479881 | |Due from related parties | | | | |Advances paid |187817 |136938 |135941 | |Prepayment for corporate income tax |375143 |6275 |49 | |Excess profit tax recoverable | |3900 |541071 | Other current assets |458468 |1125388 |380371 | |Bank deposits |200000 |61997 |485 | |Cash and cash equivalents |866111 |1694115 |1122935 | |Total current assets |2883333 |4029203 |2992107 | |Assets of disposal group classified as held for sale |13440 |13440 | | |TOTAL ASSETS |23104453 |20007643 |8798664 | |Equity | | | | |Charter capital |1500000 |1500000 |1500000 | |Treasury shares |-195437 |-195437 |-195437 | |Retained earnings |5968169 |5693850 |4839914 | |Total equity |7272732 |6998413 |6144477 | |Liabilities | | | | |Non-current lialibilities | | | | |Provisions |1504083 |1079826 | | |Abandonment and site restoration liabilities | | |756355 | |Interest-bearing loans |4708305 |2955108 | | |T otal non-current liabilities |6212388 |4034934 |756355 | |Current liabilities | | | |Short-term financial obigations |4854022 |4538304 |1261919 | |Trade payables |4137233 |3692778 |130377 | |Corporate Income tax payable | | |32811 | |Other taxes payables |514856 |562029 |371449 | |other provisions |54930 |103565 | | |Other current liabilities |58292 |77620 |101276 | |Total current liabilities |9619333 |8974296 |1897832 | |Total liabilities |15831721 |13009230 |2654187 | |TOTAL SHAREHOLDER’S EQUITY AND LIABILITIES |23104453 |20007643 |8798664 | |JSC KMK Munai | | | |Statements of Comprehensive Income | | | |For the year ended December 31, 2010 2011 | | | |In thousands of Tenge |2011 |2010 | |Revenue from sale of crude oil |7806540 |5960293 | |Cost of sales |-1915342 |-1425377 | |Gross profit |5891198 |4534916 | | | | | |Dry hole expense | | | Geological and geophysical expenses |-80784 |-60674 | |General and administrative expenses |-1421214 |-1513145 | |Selling exp enses |-2739129 |-1659149 | |Loss on disposal of property, plant and equipment |-16180 |-6262 | |Gain on disposal of North Karpovskiy | | | |Other operating (income)/loss |2588 |-5574 | |Profit from operating activities |1636479 |1290112 | | | | | |Finance income | | | |Finance cost |-486661 |-188540 | |Foreign exchange loss |-95303 |-34343 | |Profit before income tax |1054515 |1067229 | | | | | |Income tax expense |-388679 |-431380 | |Excess profit tax benefit/(expenses) | | | |Profit for the year from continuing operations |665836 |635849 | | | | | |Loss from discontinued operations, net of tax | | | |Net profit for the year |665836 |635849 | |Other comprehensive income | | |Total comprehensive income for the year |665836 |635849 | |Earnings per share | | | |Basic and diluted earnings per share (thousands of Tenge per share) |510 |487 | |Earnings per share for continuing operations | | | |Basic and diluted earnings per share (thousands of Tenge per share) | |487 | [pic ] [pic] [pic] [pic] [pic] [pic] [pic] [pic] Appendix B – DuPont Analysis Working Capital Ratios DuPont Analysis of JSC KMK Munai | | | |Financial Statement Data (in thousands of tenge) |2011 |2010 |2009 | |Sales |7 806 540,0 |5 960 293,0 |5 865 138,0 | |EBIT |1 054 515,0 |675 712,0 |383 532,0 | |Interest Expense (Non-0perating) 0,0 |0,0 |0,0 | |Tax Expense |388 679,0 |431 380,0 |198 660,0 | |Net Income (Income for Primary EPS) |665 836,0 |244 332,0 |505 400,0 | |Assets |23 104 453,0 |20 007 643,0 |8 798 664,0 | |Equity |7 272 732,0 |6 998 413,0 |6 144 477,0 | | | | | | |Three-Step DuPont Model: | | | | | | | | | |Net Profit Margin (Net Income ? Sales) |8,5% |4,1% |8,6% | |Total Asset Turnover (Sales ? Total Assets) |0,36 |0,41 |0,51 | |Equity Multiplier (Average Assets ? Average Equity) |3,02 |2,19 |1,94 | |Return on Equity (ROE) |9,3% |3,7% |8,5% | |Return on Investment (ROI) |3,1% |1,7% |4,4% | |Return on Assets (ROA) |2,9% |1,2% |5,7% | | | | | | |Five-Step DuPont Model: | | | | | | | | | |Pre-Interest Pretax Margin (EBIT ? Sales) |13,5% |11,3% |6,5% | |Asset Turnover (Sales ? Average Assets) |0,36 |0,41 |0,51 | |Interest Burden [(EBIT – Interest Expense) ? EBIT] |100,0% |100,0% |100,0% | |Tax Efficiency [1 – (Tax Expense ? EBIT – Interest Expense))] |63,1% |36,2% |48,2% | |Equity Multiplier (Average Assets ? Average Equity) |3,02 |2,19 |1,94 | |Return on Equity |9,3% |3,7% |3,1% | | | | | | |Source: Financial Statements of JSC KMK Munai for 2009, 2010 and 2011 from KASE | | Working Capital Ratios: JSC KMK Munai | | | | | | | | | |Financial Statement Data (in thousands of tenge) |2011 |2010 |2009 | |Sales |7 806 540,0 |5 960 293,0 |5 865 138,0 | |Total Assets |23 104 453,0 |20 007 643,0 |8 798 664,0 | |Total Liabilities |15 831 721,0 |13 009 230,0 |2 654 187,0 | |Current Assets |2 883 333,0 |4 029 203,0 |2 992 107,0 | |Current Liabilities |9 619 333,0 |8 974 296,0 |1 897 832,0 | |Inventory |795 640,0 |357 440,0 |331 374,0 | |Trade Receivables |154,0 |3 692 778,0 479 881,0 | | | | | | |Working Capital Policies Evaluation of JSC KMK Munai | | | | | | | | |CA/TA |0,12 |0,20 |0,34 | |CA/Sales |0,37 |0,68 |0,51 | |CL/TA |0,42 |0,45 |0,22 | |Inventory-number of days |37,20 |21,89 |20,62 | |Acid test (Quick) ratio |0,22 |0,41 |1,40 | |Current ratio |0,30 |0,45 |1,58 | |Inventory Turnover |9,81 |16,67 |17,70 | |Asset Turnover |0,36 |0,41 |0,67 | |Receivable Turnover |50691,82 |1,61 |12,22 | |Receivale Turnover in Days (RTD) |0,01 |226,14 |29,86 | | | | | | |Source: Financial Statements of JSC KMK Munai for 2009, 2010 and 2011 from KASE | References 1) Course Power Point slides 2) http://www. billslater. com/uop/Course_work/ACC_529_Ratio_Analysis_Assignment—William_Slater. htm 3) How to cite Financial Analysis Report, Essay examples

What Matters Most To Me free essay sample

There are many things that matter to me. The first is God, I go to Church just about every Sunday.nthe second thing is my family. They mean the world to me. The last thing is my friends. If I am not at school or with my family, Im with my friends. First, God matters to me. If you dont have God, then who do you have? Me and my family go to Church every Sunday. We are religious but not majorly religious. God comes before anybody or anything. The second thing is my family. Like I said, they mean everything to me. I love them with my whole heart, even though they annoy the mess out of me. Me and my family are close, we share a lot with each other. I will always choose them over anybody. The third and last thing, are my friends. They are my rock. We will write a custom essay sample on What Matters Most To Me or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page When I cant go to my family and talk to them about it, I always have them. There are a lot to name but I love them all equally. And even though I might lose some of them, in the end it will prove who is my true friends and who isnt. To conclude, I cant pick which of these three mean more. Of course God means the most. But they are all basically equal. I literally couldnt live without these three things. Because in the end I know for a fact that God, my family, and my friends, will always be there for me.

Plan of Assessing Learner Performances

Introduction The aim of this paper is to demonstrate the comprehension of concepts which were presented during classes by ensuring the development of a plan aimed at assessing learner performances. A plan is put together in a portfolio blog elaborating on learning outcomes and purpose- wherefore the purpose of the plan is stated. The context of the assessment is the identification of a task familiar to learners; a holistic rubric is also developed in this context.Advertising We will write a custom essay sample on Plan of Assessing Learner Performances specifically for you for only $16.05 $11/page Learn More Learning Outcomes Recently, there is an increased recognition by schools nation-over (in the United States) towards complete commitment to the teaching-learning process which ensures assessment and the documentation of the extent of comprehension by students under a given academic setting. As much as this tool is put together to maximally benefit the learner, through assessment of outcomes, it has become imperative to emphasis more students focused learning improvement. The Outcome Assessment, in a way, is developed from freethinking based on an established educational outcome. An Outcome Assessment (or a QA) may therefore be said to be a process involving the collection of information that expresses the degree to which an institution’s influences or activities are functional. Otherwise, the QA reflects a question of how much influence the institution has on its target(s). From the blog, an attempt was made to ascertain statistical values of a given sets of data- such as the mean. It was noted that the mean made a provision that expressed the behavioural expectancy from a selected number of respondents. The mean was noted to have provided an average of the behavioural expectations for the respondents. The significance of arriving at a mean was stressed to reflect the characteristics of the sample that was studied. The stu dy was relevant as the ten respondents gave vital replies based on their preferences. A qualitative analysis from the result therefore revealed possible trends towards human behavioural patterns. A clear advantage of the use of a QA is that if systematically employed, it provided analysis that is helpful across all layers of an institution for the administration to students.Advertising Looking for essay on education? Let's see if we can help you! Get your first paper with 15% OFF Learn More As regarding the students, the QA helps through the following: it enables the students to have a clear expectation of a program and also gives them information which they may make use of in conducting a transparent and consistent analysis; it is a reassurance for the actualization of the general content through the entire course sections; it makes it easier for students to arrive at more acceptable decisions as this is based on outcomes arrived at by the participants. The QA also he lps the students to arrive at functional and non-functional parts of a program and facilitates beneficial interdisciplinary/intercampus discussions. The following are also noted: The QA provides strong evidences for the justification of resources required in the maintenance and improvement of programs while it enables them to express their individual/collective stories; and It makes a provision that reassures the relevance and of course the core value that are meant (CDC, 2007). For a facilitator, or an administrator, the QA helps in the implementation of college-wide policies and through the following: It demonstrates the commitment of the institution to a consistent improvement of academic programs or other services which may be made available by the school; It demonstrates how accountable resources are funded and provides essential data that helps in supporting local funding; and It makes available reliable data that is used in planning and in making decisions (Rebecca et. al. , 2009). All these enable a consistent impact on students in a systematic way. Bloom’s Taxonomy This essential toolkit has an outstanding importance in the Cognitive Domain and has up to 6 levels of intellectual-behavior where it is employed – including evaluations, analyses, applications, syntheses, comprehension, and knowledge (NTLF, 1999). There is progression offered by Bloom’s Taxonomy from simple to complex evaluations. In demonstrating an understanding of the concepts learned from the course through the development of a learner assessment plan, it is expected that the QA will provide strong evidences for the justification of learning while it enables the students to express their individual/collective stories as regarding how they can arrive at more acceptable statistical values, and make a provision that reassures the relevance of course to the core value them are meant.Advertising We will write a custom essay sample on Plan of Assessing Learner Pe rformances specifically for you for only $16.05 $11/page Learn More The assessment task identified (i.e. the statistical tool for analyzing human behavior) is relevant and can be demonstrated by learners easily because the mean provides an average of the behavioural expectations for the respondents. The significance of arriving at a mean is therefore stressed to reflect the characteristics of the sample studied. Learners are expected to demonstrate a qualitative analysis from the result that may be used for revealing possible trends towards human behavioural patterns. In this regards, the learners are requested, as a Holistic Rubric, to describe how they can arrive at statistical values such as the mean for given population rather than apply the knowledge. Testing Constraints From previous studies, the relevance of learning outcomes was noted to embed characteristics for the learner to be effective (Kubiszyn Borich, 2010). To actualize the anticipated effec tive, however, it is always appropriate to put together constraints aimed at helping the learner achieve set-goals with more easy and of course faster. For the purpose of this study, specificity is stressed as an essential guide to learner goal-orientation. Learners are equally expected to be very realistic both in their studies and in the presentation of their outcomes. The outcomes produced by the students must be measurable and quantifiable – such as it was the case with the statistical values in the blog. Lastly, it is important that the outcomes must be objective and time-bound or defined with respect to a given time. These constraints are such that the learner is able to produce outcomes under simple learning conditions; a reasonable comprehension of the expectation from the students is supposed. The use of learning visual and pictorial materials is employed to make the learning more actual to the learner. Both the strength and weakness of the student are compared and b est working partners suggested as particular attention is paid to individual students. Conclusion This paper focused on demonstrating the comprehension of concepts which were presented during classes by ensuring the development of a plan aimed at assessing performances of a learner. A plan was put together in a portfolio blog elaborating on learning outcomes and purpose- and the paper is developed around the context. The context of the assessment is the identification of a task familiar to learners where a holistic rubric is developed. Reference List CDC. (2007), Deaths in 2007 Final Data. Web.Advertising Looking for essay on education? Let's see if we can help you! Get your first paper with 15% OFF Learn More Kubiszyn, T., Borich, G. (2010). Educational testing measurement: Classroom Application and Practice (9th ed.). New Jersey: John Wiley Sons, Inc. Rebecca, C., Ken, W., Samantha, S. (2009), Student Learning Outcomes Assessment Handbook. Web. The National Teaching and Learning Forum, NTLF. (1999), Benjamin Bloom’s Taxonomy on Cognitive Behaviors. Web. This essay on Plan of Assessing Learner Performances was written and submitted by user Trinity Osborne 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.

Wage Gap Between China an Us Essays

Wage Gap Between China an Us Essays Wage Gap Between China an Us Essay Wage Gap Between China an Us Essay The importance of international trade increased dramatically for the US as well as China. The ratio of the sum of exports and imports to GDP approximately doubled from the early 1970s to the mid 2000s for the US. And there is a striking feature that China was involved in about 7% percent of world trade by the mid-2000s. There is no doubt that the international trade have influenced the wage level around the world. Do wages equalize between US and China? It is the most remarkable conclusion of the Heckscher-Olin theory that trade can equalize the price of each factor of production across countries. Nevertheless, the long-term effect didn’t complete in the real world, especially in China. On majoy trend has been a rising gap between the wages of china and US. For instance, from 2000 to the year of 2009, the average wage of Chinese to that of American decreased about %. In 1970, the two countries Per capita wage level difference for 4965 dollars. On the contrary, in 1980 it turned to be 11976 dollars, 1990 for 22885 dollars. And in year of 2000, it achieved 34166 dollars. Then there was a gradual increase in mid 2000s. And by 2010, the average wage of China is only about 6% of the minimum wage standard of US. All these data clearly prove the fact that the wage gap between China and US have increased for several years. Workers remittances and compensation of employees, paid ($ millions) | |2000 |2001 |2002 |2003 |2004 |2005 | |United States |26. 2% |30. 5% |8. 2% |0. 7% |17. 0% |8. 9% | As shown in Figure5. , China is relatively abundant in less-skilled and medium-skilled labor, and it is relatively scarce in physical capital, forest land, highly skilled labor, and arable land. But not all of China’s international trade is consistent with the Heckscher-Olin theory. The theory predicts that China will be a net importer of skilled-labor-intensive manufactured products like industrial machinery, electronic microcircuits and scientific equipment. Secondly, the theory predicts that China will be a net exporter of less-skilled-labor-intensive products like clothing, footwear, and toys. Global specialization has led to a so-called â€Å"skill-biased† trade pattern, thus there is a preference for skilled labor, which result in enlarge the wage gap between China and US. From the perspective of developed countries open up to trade with developing countries, the Heckscher-Ohlin model makes a sharp prediction. When considering about the relationship between trade and wages, we suppose that the two factors of production are skilled and unskilled labor, which Instead of capital and labor. For simplificity: Two countries: China and US Two factors: skilled and unskilled labor. China possesses a relative abundance of unskilled labor. Two goods: Skilled and unskilled labor intensive goods. H-O diagram: C. Chinese labor is undervalued One of the reasons for America and some other countries denied Chinese’ complete market economic system is that the price of labor is decided by the company rather than the market. As we known, generally, the price of labor is determined by the supply and demand in the labor market. Some economist believe that since China is abundant in labor, especially when the millions of country labor inburst into the city, the supply of labor is obviously greater than demand, keeping wage in a low level. As a result, most of the workers are in the disadvantage situation. The competition for labors is so fierce that they have to suffer the low salary in order to get the job. What’s more, since a great number of Chinese workers hold few knowledge and skill and they don’t know how to grasp their benefit and protect themselves in the labor market. As a result they have to submit to the company for living. And they have to live in a very miserable condition. One reason should be highlight is the Chinese labor union’s limited power in fighting for the labors’ benefit. Since it is less developed, we are rarely seeing what the labor union take measures today. While before it took more responsibility to deliver the Party’s policy to labors. In another aspect, all of the companies are aimed at the maximium profit, trying their best to cut costs and reduce wages. The companies are more powerful in the labor market, so the wage is decided mainly by them. In conclusion, because of the relationship in demand and supply in Chinese market, the labors’ competency, the labor union’s situation and the purpose for the company, Chinese labor has been undervalued. And this is a reason for the generation of Chinese and American wage gap. D. Technological Progress Also as we get the conclusion from the case in our book, technological progress plays an important role in increasing the wage gap between Chinese labors and American labors. The first aspect is that with the development of technology the cost and prices of some skill-intensive products decline, and the quality of these products is improved, demand for the products increases. As demand shifts toward skill-intensive products and their production increases, the demand for skilled labor expands, increasing the relative wage of skilled labor. The second aspect is the technological progress that has occurred within individual industries appears to be biased in favor of using more skilled labor. Referring to the two perspectives mentioned above, although China has been experiencing technology progress, the growth rate of it still can’t match to that of America. So the rising speed of wages in China is lower than in US, thus enlarge the gap between Chinese labors and American labors. Secondly, it is obvious that the application of technology is more widely used in US than China, so the demand of skill-intensive products of Americans is much more than Chinese. In that way, the market needs more skilled workers, resulting the salary of them increases more rapidly than that of China. E. The Deterioration of China’s Terms of Trade China ha carried out the strategy of comparative advantage in foreign trades all long, and has had great achievement on that, but bad effects also appeared such as the exacerbation of terms of trade. Another reason may be that China is an important exporter of many goods, who can influence the world price. Since China keep putting more emphasis on export and producing more and more goods for the whole world, so that the world price will fall. With a lower price and less profit, the workers’ wage may not increase or even decrease. Summary Theoretically, factor endowments theory did not consider product differences and the assumptions of the SS theorem didn’t realize. The difference of the wage levels between china and us is still huge, but china’s wage growth rate are also increase obviously. We hope that China can gradually reduce the wage gap. Although the factor price equalize theorem didn’t complete in the wage gap between China and US. However, the direction of the long run effect is likely to hold in the rest of the world. An real-world example of the tendency toward equalization is the rise in real wage in the industrializing countries of Asia( such as Singapore and South Korea) as these countries have strongly integrated themselves into world trade. Group members: Relative Factor –price Equalization: H-O-S Theorem

Radioactive Waste Disposal Essay Example | Topics and Well Written Essays - 2000 words - 1

Radioactive Waste Disposal - Essay Example It is likely that UK will opt for underground storage of their radioactive wastes. The DEFRA document discusses some of the other options that have been considered for waste disposal and why they are unsuitable. The surface level repositories in which UK stores its ILW and HLW may be considered as a long-term option but there is constant threat of human intervention, which can be risky. Also designing structures and packaging of these wastes could be difficult as a significant portion of the wastes could emit radiation for over 10,000 years. Other options include disposal at sea and in empty offshore oil and gas fields. However these been ruled out under the 1997 London Convention and Convention for the Protection of the North-East Atlantic (OSPAR). This agreement calls for UK to stop sea dumping and using sea beds for storing wastes. Disposal in outer space has also been ruled out as a large number of rocket launches would be required and the potential dangers of a launch failure. Two other options that have been considered are the subduction zones and ice sheets. Subduction zones are areas where a geological plate is driven towards the earth’s core by collision with another plate an d ice-sheets are the polar ice caps under which the wastes may be disposed. However both these are not considered suitable as there is uncertainty about the fate of these wastes in the long term. .( Department for Environment, Food and Rural Affairs.