Analysis Letter From Birmingham Jail Free Essay Example, 1500 words

This is how King addresses the minor premise that the clergy brought forth. On the other hand, in response to the argument that it is unacceptable for outsiders to lead local protests, he brings forth two aspects; that all the communities of the world are interrelated and also mentioned that old testaments prophets as well as Apostle Paul of the new testament were sent by God where there was need. These propositions appeals to logos since they have a strong basis of Christianity and social concern for the society. The use of logos in King’s letter has been enriched by the use of a variety of examples. He develops his examples from all perspectives. He has not skipped the use of logical fallacies that makes the reader understand the point that he is trying to put across, for example, he uses Thomas Jefferson to demonstrate that all men are made equal hence there should be no discrimination whatsoever. The facts that he links with an authority is a fallacious way of getting hi s audience to get what he is driving at. King presents himself as an individual that is very aware of the needs in the community and working to ensure that some of them are resolved. We will write a custom essay sample on Analysis Letter From Birmingham Jail or any topic specifically for you Only $17.96 $11.86/page

Sharing Economy - 10348 Words

Sharing corps: Should company build competitive advantage by embracing the sharing economy? SHARING CORPS SHOULD COMPANIES build a new competitive advantage BY embracing the SHARING ECONOMY? ECOVALA - December 2013 1 Sharing corps: Should company build competitive advantage by embracing the sharing economy? Ecovala  © 2013 This report was produced by the Ecovala in December 2013. If no other source is specified, the contents of this report are under a Creative Commons Attribution – Non-Commercial - Share Alike 3.0 Unported License. You can find the full text of the license in this website. Ecovala Ecovala provides innovative solutions to private and public organisations to accelerate their transition towards†¦show more content†¦7 Economical benefits.......................................................................................................................................................... 7 Social benefits ................................................................................................................................................................... 7 A MULTI-LEVEL PERSPECTIVE ON THE SHARING ECONOMY ...................................................................................................... 8 A Transition Management Framework .................................................................................................................................. 8 The macro level (Landscape) ............................................................................................................................................ 8 Meso Level (regime) ......................................................................................................................................................... 8 Micro level (niches) .......................................................................................................................................................... 9 A multi-level perspective on the sharing economyShow MoreRelatedCase Study : The Sharing Economy1821 Words   |  8 Pages2015 Case Study: The Sharing Economy This reflective case study is about the Sharing Economy and how businesses have since evolved from the Machine Age era to now communicating in the Information Age. There has been an enormous shift from traditional industry that the Industrial Revolution brought through industrialization, to an economy based on information computerization. With the rise of services we have entered into a new economy known as the sharing or peer-to-peer economy. These services providedRead MoreThe Sharing Economy : Based On Uber Case1555 Words   |  7 PagesThe Sharing Economy has been one of the most popular words recently and companies like Uber, Airbnb as well as more startups are still sprawling all over the world. Yet, what is Sharing economy? What happens to the Sharing Economy? And upon that, most arguably, what are pros and cons of it? What shall we do? Towering amount of article have only one definition and few side of perspective. The Article instead summarize Allen’s research (2014) on sharing economy and efforts by Franzetti, A. (2015) andRead MoreThe United States And The Sharing Economy2694 Words   |  11 Pagescalled â€Å"sharing economy†. This model of economy includes different types of industry categories: sharing information (YouTube), property (Airbnb), transportation (Uber) and more. The sharing economy works in the same way as a traditional market, where individuals exchange different goods and service. The central concept of sharing economy (collaborative consumption) is the access to the goods. The application of regulation is the major issue with this type of innovated economy. The sharing economy isRead MoreBenefits Of The Sharing Economy Across The Globe2258 Words   |  10 Pagescosts and benefits of the sharing economy across the globe. Much of the debate was focused on the fact that allowing people to share and use existing resources would be harsh for businesses everywhere. Not only businesses would be affected, but it will also undermine the much needed development in local communities and to a larger extent it will have a negative effect on people’s income and government taxes which, if left unopposed can be catastrophic for the overall economy. Most recently, howeverRead MoreThe On The Sharing Economy Essay1077 Words   |  5 PagesAirbnb has been on the forefront of what has become known as the sharing economy. The sharing economy can be defined as â€Å"an economic system based on sharing underused assets or services, for free or for a fee, directly from individuals† (Botsman, 2015, Para. 8). The sharing economy is also referred to as a collaborative economy, which is an â€Å"economic system of decentralized networks and marketplaces that unlocks the value of underused assets by matching needs and haves, in ways that bypass traditionalRead MoreThe Benefits Of The Sharing Economy1105 Words   |  5 PagesThe sharing economy is a developing, remarkably flexible economic network that all ows people to borrow or rent assets, such as machinery, services, and skills, with one another. The sharing economy is utilized most often when the price of the resource in question is exceptionally high due to the fact that these resources will be shared at a significantly lower cost than retail arrangements. And although humans have shared the use of resources with one another for thousands of years, the growth ofRead MoreThe Implications Of A Sharing Economy2039 Words   |  9 PagesThe implications of a sharing economy are a hot topic for debate in the news and research journals and are continually being monitored through a deeper analysis of its roots; but what is a sharing economy? â€Å"A sharing economy is an economic system in which assets or services are shared between private individuals, either free or for a fee, typically by means of the Internet† (â€Å"Sharing Economy,† 2016). The course reading, I have chosen to discuss is the news article, â€Å"Deba te over Airbnb and Uber revealsRead MoreA Report On The Sharing Economy Essay1590 Words   |  7 PagesThe sharing economy is disrupting a number of industries and travel is but one. Emerging growth companies like Uber and AirBnB best exemplify this trend. In the vacation home rental space, VRBO, Vacation Rental by Owner, part of the HomeAway network, is another company leading the way with AirBnB in the vacation rental sharing economy. This trend is something many of you want to capitalize on. A recent report from the National Association of Realtors (NAR) shows that 24% of vacation home buyersRead MoreThe Sharing Economy : The Case Of Uber1772 Words   |  8 PagesThe Sharing Economy: The case of Uber Recently the number of firms operating in the sharing economy has increased. This essay will look at fundamental principles of sharing economies, companies as multi-sided platforms, network externalities and then provide an in-depth insight into the firm Uber. Focus is on Uber, are the dominant firm in the car sharing sector, with a valuation of $40 billion this month (Condon and Ortutay, 2014). Arguably, Uber’s growth rate is what makes it so exciting to analyseRead MoreMass Migration and Sharing Economy2099 Words   |  9 Pagesimplications – Sharing economy Introduction The hotel industry has been strongly growing recently, overcame many events to make us believe that they will not stop adapting to the new environments. Practicing economics activities helps the industry to explain the change of the environment and plan the solutions in the most efficient way. In this report, I will state two of the most recent events which are the mass migration to Europe and also with the term sharing economy, together with its

Alternative Energy Sources Of Fossil Fuels - 1701 Words

Since the Industrial Revolution in 1760, the world has run on fossil fuels. Fossil fuels are critical to global energy infrastructure due to their inherent advantages and generate significant economic value as a result. However, the negative economic and environmental implications of fossil fuels demands a permanent transition towards alternative energy. The world will continue to investigate alternative energy sources and must commit to them to avoid long-term environmental degradation. Ultimately, fossil fuels are on the way out, but considerable work must be done before this forecast can be realized. Fossil fuels are an energy source derived from organic material that has decomposed over the course of millions of years. Millennia ago, plants and animals died, quickly becoming buried under layers upon layers of sedimentary material. The earth covering the remains of these organisms created a unique environment of high pressure and high temperature, until they formed valuable hydrocarbons which have countless applications for the energy industry (7). The main types of fossil fuels are oil, natural gas, and coal, which each formed under a different set of conditions. Oil and natural gas are primarily derived from compacted aquatic organisms, with natural gas simply being â€Å"cooked† longer than oil has been. This differs from coal, which formed from primarily plants that were buried under hundreds of layers of sediment (7). Fossil fuels are not cherished by humans for simplyShow MoreRelatedAlternative Energy Sources For Fossil Fuels2676 Words   |  11 Pages Alternative Energy Sources Emily Lazovich Gwynedd Mercy University Abstract Fossil fuels can be easily found around the globe and the production of these fuels may be cost-effective. Although fossil fuel is harmful to the environment, the United States is continuing to use fossil fuel as a source of energy. In addition to this, once the fossil fuels have all been used up, there is no chance of obtaining more. There are many types of alternative energy sources in the worldRead MoreFossil Fuel And Alternative Sources Of Energy1218 Words   |  5 Pages Energy Policy Jameisha Lyttle Gwynedd Mercy University Abstract The United States government, as well as many others around the world, have relied on fossil fuel as an energy source for a long period of time. The extraction, production, and development of these sources have contributed to the many issues with the environment. In addition to this, fossil fuel will not exist forever because there is a limited amount on earth and it cannot be restored. For this reason, the UnitedRead MoreAlternative Sources Of Energy For Fossil Fuel1432 Words   |  6 Pagesalternate source of energy to fossil fuel is essential. Humans are using up fossil fuels, such as coal and oil, faster than they can be made naturally.This means that there will be a time when all of the fossil fuels will have been used to power . To prevent a world without energy, many alternative sources have been harnessed. Six different pathways for energies were found: solar power, biomass, geothermal power, hydropower, wind power, and nuclear power. All of these are much better alternati ves to fossilRead MoreFossil Fuels : An Alternative Source Of Energy1715 Words   |  7 PagesIntroduction: Fossil fuels have been keeping our country running for quite a long time, throughout our history. The reason why fossil fuels have been so instrumental in our production of energy is the increase in technology. Technology has brought the world ways to dig into the earth and extract oil, which we have been doing quite a bit more of as late. The problem with this increase in drilling and digging for fossil fuels is that there is only so much of it, and cannot be created, or reused. OnceRead MoreAlternative Energy Sources For Fossil Fuels1874 Words   |  8 Pagesconsuming energy. Currently the majority of this energy comes from fossil fuels (i.e. coal, natural gas, and oil). Fossil fuels made up eighty-seven percent of the energy consumed worldwide in 2012 (Gonzalez Lucky). There are many people who do not believe there is an energy crisis, or that there is anything wrong with depending on fossil fuels, however fossil fuels are non-renewable, which means once they are gone we are una ble to create more. In addition, the carbon that is located in fossil fuelsRead MoreFossil Fuels And Alternative Energy Sources1682 Words   |  7 PagesMost fossil fuels such as oil, natural gas and coal are considered nonrenewable resources in that their use is not sustainable because their formation takes billions of years (Investopedia, 2014). As the nonrenewable resources become more and more scarce, the cost to obtain them will continue to gradually rise (Investopedia, 2014). Eventually, the price will become so high that users will no longer be able to afford them, forcing the change from fossil fuels to alternative energy sources (Investopedia)Read MoreEssay on Fossil Fuels and Alternative Energy Sources1986 Words   |  8 PagesFossil fuels are an important part of life. When you turn on the lights, watch TV, or take a shower, the electricity that you are using is being generated by fossil fuels. The three types of fossil fuels are coal, crude oil, and natural gas. They all take millions of years to form, so they are considered to be â€Å"non-renewable†- eventually, the fossil fuels will all be used up. One dangerous biological effect of using fossil fuels is ocean acidification. Extracting and transporting fossil fuels canRead MoreAlternative Sources Of Energy From Fossil Fuels2846 Words   |  12 Pagestechnology requires a stable source of fuel to produce the thousands of units of energy being consumed by it. At present, this energy is derived from various sources with fossil fuels being the largest by far. According to the United States Energy Information Administration, in 2014 sixty-seven percent of the United State s energy was converted from fossil fuels. (What is U.S. Electricity Generation by Energy Source?) Although fossil fuels are able to meet rising energy demands, they are limitedRead MoreFossil Fuel Resources For Alternative Sources Of Energy Essay1827 Words   |  8 PagesDiminishing fossil fuel resources have prompted s cientists and researchers to look for alternative sources of energy. Though several alternative sources of energy have been identified, generation of energy using combustion of fuels still remains the dominant source of energy globally [1]. In search for alternative fuels, biofuels have shown promising results to generate useful energy. However, efficient atomization of some high viscosity biofuels to yield maximum useful energy and minimise emissionsRead MoreBiology - Fossil Fuels vs. Alternative Energy Source1525 Words   |  7 PagesNicoletta Philippides March 15, 2013 Mr. Dunleavy, Period 4 The Effect of Fossil Fuels on Biodiversity Alternative Energy Resources Fossil fuels are hydrocarbon deposits derived from the remains of ancient plants and animals under enormous amounts of heat and pressure. Oil, or petroleum, is one of the most common fossil fuels utilized by people all over the world on a daily basis. Crude oil is a smelly, yellow-black, viscous liquid composed of mostly nitrogen, oxygen, and sulfur, which is

Feminist View on the Great Gatsby Essay - 1070 Words

Susan B. Anthony once said â€Å"The true republic: Men, their rights and nothing more; Women, their rights and nothing less.† This is her point of view on the way women were thought of during the 1920s. She recognizes the large gap between women and men’s rights. During this time though, many changes had began. Women just got the right to vote, therefore gaining more independence of their own which they did not always know how to use. This is also when the trend of a flapper began. Views changed from politics to social lives, hem lines were raised, and risks were taken. The confusion of this time for most men is easily seen in The Great Gatsby. In The Great Gatsby by F. Scott Fitzgerald, women are portrayed as a minor role†¦show more content†¦She is shown as selfish and not trustworthy. Nick Carraway, the narrator, realizes this also. While running into Tom after Gatsby’s death he makes the comment â€Å"you know what I think of you† (179). This is Nick referring to his anger towards tom and daisy for betraying Gatsby. Daisy was supposedly in love with Gatsby, until she killed Myrtle and knew that Tom could keep her from getting caught. She left Gatsby behind in the dust, and let Tom blame him for the murder of Myrtle. Myrtle, before her death, is another example of being unfaithful. She lies to Wilson regularly about going into town with Tom, she is happier with Tom. If it was not for the inconvenience of getting a divorce she possibly would have. Instead though, she decides to build a web of lies and live by them. Wilson does not even realize he is being betrayed until he finds the expensive dog collar. Myrtle â€Å"trie[s] to tell [him] something funny about it, but [he] knew it was something funny† (158). He came to the conclusion then that he had always been suspicious of; myrtle had not been faithful to him. Women were thought of as deceiving during this time period, as it was reflected into The Great Gatsby. The way that men thought of women during the 1920s is shown all throughout this novel. The way men saw them, the way they saw themselves, and the way they were struggling toShow MoreRelatedThe Feminist Criticism Of The Great Gatsby By F. Scott Fitzgerald1697 Words   |  7 PagesFrom the feminist criticism, everything seems somehow related to everything else. Feminism is involved in any given field cannot be cordoned off. Marxism, however, ignored the position of women which is strange as its key concepts are the â€Å"struggle between social classes and the blinding effects of ideology†, it might have been employed to analyze the social situation of women. Feminism saw clearly that the widespread of negative stereotyping of women in literature and film constituted a formidableRead MoreThe Changes in the Role of Women throughout Different Eras1381 Words   |  6 Pagesstronger social position in a world dominated by man through acquiring the freedom to express their sexuality, expand feminist ideas, and provide stability for economic equality. This revolution is evident in The Crucible, The Yellow Wallpaper, and The Great Gatsby. In the Puritan era, women cannot express themselves or have any rights or equality amongst men. Men in Puritan times do not view women as equals, consequently giving women less rights than men. Giles Corey from The Crucible by Arthur MillerRead MoreEssay about How can Gatsby be called Great1327 Words   |  6 PagesFitzgerald’s novel ‘The Great Gatsby’ can be seen as incredibly ironic: not only can the ‘greatness’ of the eponymous character be vehemently contested, he is not even named ‘Gatsby’. In fact, he is a criminal, James Gatz, who, although he appears to be an epitome of the idealistic American Dream, having grown from an impoverished childhood into a life of excess and splendour, he has obtained everything through crime and corruption. Indeed, it has been said that ‘The Great Gatsby’ is â€Å"a parable of disenchantmentRead MoreThe Great Gatsby By F. Scott Fitzgerald1272 Words   |  6 Pagesgeneration. The wise w riter writes for the youth of his own generation, the critics of the next, and the schoolmasters of ever afterward.† F. Scott Fitzgerald, author of The Great Gatsby, describes his own insight to his writing techniques, which gain his success through the agelessness of his novels. This is clear with The Great Gatsby, a novel narrated by the character Nick Caraway and centered on Jay Gatsby’s short-lived life. This novel is a timeless piece of literature that is still relevant to AmericanRead MoreThe Evolution of Women in Literature947 Words   |  4 Pages In Scott Fitzgerald’s writing, Great Gatsby, the reader will see his portrayal of the â€Å"roaring twenties† in America witch shows the downfall society and the loss of morality in the public. Fitzgerald’s fictional characters all help further show this breakdown in society through the eyes of our narriortor Nick Carraway. Nick gives the reader a firsthand look into the personal lives of some of New York’s wealthiest citizens Daisy and Tom Buchanan, and Jay Gatsby. The women of the time were just startingRead MoreOm and M2457 Words   |  10 Pagesnovels comment and criticise on the societies which they are set in.  Ã‚      We are introduced to both novels in the 1920s elite society where both authors; Waugh and Fitzgerald are from an upper class society. Fitzgerald cultivates the character Jay Gatsby who we perceive purely from Nick who is an onlooker throughout the novella. Readers interpret Gatsby’s social structure as a triangle and we learn to commiserate him whereas Waugh invents the character Paul Pennyfeather who is a naà ¯ve, passive characterRead MoreThe Great Gatsby By F. Scott Fitzgerald Essay2486 Words   |  10 PagesThe great Gatsby shows an American culture in a certain time period. F. Scott Fitzgerald fits the modernist movement, as he writes about the horrid truth about desire and hope and how the necessity for material gain can destroy the value of life. He focuses on the culture of the twentieth century, including the growing of urbanization using the idea of self-interest through his literature. He describes the modern concept through reflecting on the flourishing middle an d upper classes. The great GatsbyRead MoreThe Great Gatsby, no important woman character?1754 Words   |  8 PagesIn the novel The Great Gatsby by F. Scott Fitzgerald, Daisy Buchanan is an important woman character, but only in relation to Jay Gatsby’s dream. Ever since Gatsby had come back from the army, he had longed to have Daisy back in his life, and so everything he did and built up was in some way for her (e.g. his house and the parties he threw). Nick says: â€Å"He talked a lot about the past, and I gathered that he wanted to recover something, some idea of himself perhaps, that had gone into loving Daisy†Read MoreThe 1920S Were An Influential Era In American History For1413 Words   |  6 Pagesnovel The Great Gatsby, Fitzgerald uses the historical context of the stereotypical â€Å"new woman† to create his female characters. Each woman exemplifies a different type of woman in the 1920s, differentiated by their social class, physical appearances, and personalities. Daisy was the ignorant, irresponsible, pampered young lady. Jordan was the mysterious, unmarried, rebellious woman. Myrtle was nothing more than a sex object, a prize to be won for the satisfaction of men. The Great Gatsby appears toRead MoreThe Great Gatsby And The Handmaid s Tale : Crushing Dreams2951 Words   |  12 PagesRilye Fries Mrs. Tucker English 12 hour 3 13 March 2015 The Great Gatsby and The Handmaid’s Tale: Crushing Dreams The Great Gatsby is regarded as a classic novel for its sad and hopeful story of Jay Gatsby and his quest to obtain Daisy Buchanan, his first love. Margaret Atwood’s The Handmaid s Tale is regarded as a more modern day classic, taking place in a dystopian society where women are regarded as sex slaves and the Bible is law. Both F. Scott Fitzgerald and Margaret Atwood, despite having

Building Inspection Checklist Free Essays

BUILDING INSPECTION CHECKLIST Location: 1. 2. 3. We will write a custom essay sample on Building Inspection Checklist or any similar topic only for you Order Now 4. 5. 6. 7. 8. 9. Is the building address or identification clearly visible? Are exterior lights in working order? Are periodic inspections conducted and documented? Is an unobstructed access road to the building provided? Are the exits onto public streets free from visibility obstructions? Are trees and shrubs pruned and documented? Are roots pruned and documented? Are all building sides accessible to emergency equipment? Are fire hydrants accessible? Exterior: Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Interior: No No No No No No No No No No No No No No No No No No No No No No No No No No No No N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A 10. Are sprinkler/standpipe connections accessible? 11. Are sprinkler/standpipe connections clearly marked? 12. Are landscape sprinklers at least 6 inches from walkways or pathways? 13. Does the building appear to be in good repair? 14. Is building free from signs of vandalism? 15. Are exterior walls free from cracks or other damages? 16. Are windows free from cracks or broken panes? 17. Has vegetation been cut back from the building? 18. Are turf areas inspected for holes, exposed roots, etc. and documented? 19. Are paved surfaces inspected and repaired (i. e. , lifts, cracks, etc. )? 20. Are combustible materials stored away from the building? 21. Is the building free from signs of exterior damage? 22. Are stairs, landings and handrails in good repair and fastened securely? (inspect the bottom of each step) 23. Are facilities periodically inspected and documented? 24. Are all sewer clean out caps in place? 25. Are all irrigation covers in place? 26. Are housing authority owned light post bases free of rust and/or deterioration? 27. Do entrance doors close slowly to avoid hazards to fingers? 28. Are utility/cable boxes marked â€Å"Keep Off†? Electrical System: Building Inspection Checklist Page 2 29. Are all electrical panels secured? 30. Is a 3†² clearance provided around all electrical panels? 31. Are all electrical rooms free from combustible storage? 32. Are all electrical panels cool to the touch? 33. Are all electrical panels free from evidence of burning? 34. Have all electrical circuits been identified? 35. Are all electrical switches and receptacles in good repair? 36. Has the use of extension cords been discontinued? 37. Have Ground Fault Interrupter’s been provided on circuits in proximity to water? 38. Is there a â€Å"lock-out† procedure in place? Heating System: 39. Is a 3†² clearance provided around all heating equipment? 40. Are furnace/boiler rooms kept locked? 41. Are furnace/boiler rooms free from combustible storage? 2. Are residents reminded to keep combustibles away from heaters? Smoking: 43. Is smoking prohibited in the building common areas? 44. Are designated smoking areas properly identified? 45. Are non-combustible receptacles provided in smoking areas? 46. Are smoking materials disposed of properly? Housekeeping: 47. Is trash removed from the building daily? 48. Is storage restricted to desi gnated areas? 49. Is storage neatly arranged and secured from rolling away? Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes No No No No No No No No No No N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A Yes Yes Yes Yes No No No No N/A N/A N/A N/A Yes Yes Yes Yes No No No No N/A N/A N/A Yes Yes Yes No No No N/A N/A Building Inspection Checklist Page 3 Private Protection: 50. Is building equipped with an automatic sprinkler system? 51. Is the main sprinkler control valve accessible? 52. Are all valves supplying water or air to the system open? 53. Is system operation monitored by an alarm company? 54. Is valve operation monitored by an alarm company? 55. Is the sprinkler system tested on a quarterly basis and documented? 56. Are spare sprinkler heads available in the building? 7. Is the building equipped with a fire detection system? 58. Does the system protect the entire building? 59. Does the system provide an alarm signal in the building? 60. Is system tested on a monthly basis and documented? 61. Is the main alarm panel in normal operating condition? 62. Are portable fire extinguishers provided? 63. Are all extinguishers inspected on a monthly basis and documented? 64. Do all exti nguishers have a current inspection tag? Emergency Evacuation: 65. Are all exits and travel paths identified with illuminated â€Å"EXIT† signs? 66. Are travel paths leading to exits free of obstructions? 67. Are exits unlocked and operational? 68. Are working emergency lights provided in the building? 69. Are emergency lights tested periodically and documented? 70. Are evacuation diagrams posted throughout the building? Miscellaneous: 71. Has flammable storage been limited to designated areas? 72. Is all cooking equipment protected by extinguishing systems? 73. Is cooking equipment clean? 74. Are filters inspected periodically and documented? 75. Are all computer areas free from combustible storage? Yes Yes Yes Yes Yes No No No No No N/A N/A N/A N/A N/A Yes Yes Yes Yes Yes Yes No No No No No No Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes No No No No No No No No No No No No No No No N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A Building Inspection Checklist Page 4 NOTIFY YOUR SUPERVISOR IF ANY QUESTIONS WERE ANSWERED â€Å"NO† Inspected By: Date: The following items have been followed-up on. This has been accomplished by putting them on a work order: Item No. Work Order # Item No. Work Order # Item No. Work Order # How to cite Building Inspection Checklist, Essay examples

International Accounting Journal of Economics

Questions: Analyse the financial performance of the two companies based on your calculations, identifying and discussing the purposes of calculating those ratios and the weaknesses of ratios analysis.? Your analysis must contain an introduction, a recommendation of how these areas can be improved in the future, and a conclusion detailing the results of your analysis.? Answers: Introduction The study of the report will enable the reader to understand the differences between the businesses status of Sainsbury and Tesco. Moreover, the report also consists of a certain part that has shown the calculation of the various financial ratios of both the firms. This evaluation of the financial ratios has enabled the learner to understand the current financial position of both the firms. The understanding has been elaborated within the report and the leading company among these two has been highlighted as well. Since 1869, Sainsbury has been expanded to 523 convenience stores and 583 supermarkets in the UK; more importantly, Sainsburys has employed around 157,000 employees (Sainsburys.co.uk, 2015). Sainsburys is one of the leading retail stores in the UK dealing with general goods and groceries (Sainsburys.co.uk, 2015). The retail sector in United Kingdom is essential for the country economy, which has profound impacts on the country as a whole. ESRC recorded that in 2013, 20% of United Kingdoms GDP is accounted by the retail sector. Particularly, Sainsburys and ASDA are the two of renowned companies in the retail sector. Three important people who are Mr. David Tyler, the chairperson, Mr. Justin King, the CEO, and Mr. John Roger, the CFO, run the management team of Sainsburys. Besides Sainsburys, Tesco is a famous British multinational retailer which also deals with general merchandise and groceries (Tesco.com, 2015). Analysing the financial performance of Sainsbury and Tesco based on the calculations The analyzing and calculating of the financial ratios of the firm will show the exact sections of both the firm that are having various loopholes (Tamari, 2011). Moreover, the calculation of the financial ratios of Sainsbury and Tesco has been compared below along with graphs, which will extract the status of both these companies. Meanwhile, the profit margins as well as the revenue generation of these firms can also be evaluated by evaluating the calculated rations of the firm. The calculation will also determine that which firm is in a better position on the current time. This report deals with the assessment of both companies performances in the last three years based on ratio analysis. Regarding employment, Tesco has recruited almost 530,000 employees who are committed to the provision of best shopping experience for their consumer and community as a whole (Tesco.com, 2015). Tesco has been operating for almost 100 years, and it has expanded more branches domestically and internat ionally (Tesco.com, 2015). The analysing of the financial performance of Sainsbury and Tesco based on the calculations are stated below: Profitability Ratios (Operating Profit margin) Refer to appendix 1 The profitability of all the firm within the industry have been affected due to the massive amount of increased competition in the recent era. This increase in competition has also affected well renowned firms like Sainsbury and Tesco. The analysis of the operating profit margin of the firms has been stated below: Operating Profit margin TESCO Sainsbury's 2012 14.55% 12.66% 2013 16.22% 11.03% 2014 0.69% 9.22% Table 1: Operating Profit margin (%) (Source: Created by author) Graph1: Operating Profit margin (%) (Source: Created by author) The study of the above table and graph quiet clearly shows that Tesco have been conducting business in a more effective manner than Sainsbury, which have changed drastically in the year of 2014. This can be said as the evaluation shows that the Operating Profit margin of Tesco have dropped to 0.69 % in 2014, while the Operating Profit margin of Sainsbury have gone up to 9.22%. Therefore, it can be said that the Sainsbury have increased its Operating Profit margin massive extent and have crossed Tesco by 8.53 %. On the other hand, Return on Capital Employed is used to indicate to the amount of success that the firm has made by using its long- term assets. The ROCE ratio can help the company to do well in future profitability. Therefore, this can measure the companys failure or success that depends on its target ROCE that has already been set. Return on Capital Employed= (PBIT/ Capital Employed) * 100 (Ziegel and Rudas, 2009) Due to the greater market share, Tesco had a better performance compared to Sainsburys in the last three year. Regardless the increase of Tescos ROCE in 2012, Tesco was seen not be able to stabilize its ROCE while Sainsbury has performed equally well to alleviate its profit every year. Therefore, it can be commented that Sainsburys was able to utilize its long - term reserves efficiently to produce more income than compared to Tesco. Profitability Ratios (Gross Profit margin) Refer to appendix 2 The gross profit margin shows the earnings of the organization after considering the cost incurred by the firm in producing goods and services. Gross Profit Margin (GPM) = (Gross profit/ Sale Revenue) * 100 (Romagnoli, 2011) Gross Profit margin (%) TESCO Sainsbury's 2012 7.55% 4.99% 2013 7.99% 6.11% 2014 5.97% 7.02% Table 2: Gross Profit margin (%) (Source: Created by author) Graph 2: Gross Profit margin (%) (Source: Created by author) The above graph and table has been obtained by calculating the Gross Profit margin (%) of both the firms, which quiet clearly shows that Tesco have beaten Gross Profit margin (%) of Sainsbury in the years of 2012 and 2013. However, the graph also highlights the fact that Tesco have not been able to hold onto its Gross Profit margin (%) in the year of 2014. The picture of this fact gets even clear as the above graph shows that Sainsbury have a Gross Profit margin (%) of 7.02 % in the year 2014, while the Gross Profit margin (%) of Tesco is calculated at 5.97% only. Therefore, it can be commented that Sainsbury have beaten Tesco in the element of Gross Profit margin (%) by 1.05%. Profitability Ratios (Net Profit margin) Refer to appendix 2 Net profit margin calculates the amount of pound of sales a firm keeps earning, which means that a 4% profit margin of company shows that company has a net income of 0.04 pound. Net Profit Margin = (Net Income/ Sale Revenue) * 100 (Prentice, 2010) Net Profit margin (%) TESCO Sainsbury's 2012 5.55% 2.97% 2013 5.11% 3.07% 2014 1.02% 1.78% Table 3: Net Profit margin (%) (Source: Created by author) Graph 2: Gross Profit margin (%) (Source: Created by author) The net profit margins of firms enable us to understand the exact financial position of the firm within the market. The calculation of the Net profit margin of Tesco and Sainsbury quiet clearly shows that the amount of profit earned by Tesco in the year of 2012 and 2013 is much higher than that earned by Sainsbury. However, Sainsbury has shown a major come back in the year of 2014 as they beat Tesco in the section of Net profit margin by 0.76 %. Liquidity Ratios (Current ratio) Refer to appendix 3 The current ratio signifies the capabilities of the company to transform its assets into cash. Current Ratio = Current Assets/ Current liabilities (Muro, 2012) Current ratio TESCO Sainsbury's 2012 65.17% 57.98% 2013 63.98% 69.12% 2014 66.10% 67.97% Table 4: Current ratio (%) (Source: Created by author) Graph 4: Current ratio (%) (Source: Created by author) The study of the above graph quiet clearly shows that the Tesco in the year of 2012 had an increased current ratio of 65.17 %,, which was much more than Sainsbury who had 57.98 %. Moreover, the year of 2013 was the turning year for the Sainsbury as they increased the current ratio of the firm to 69.12 %, which was more than Tescos 63.98%. The year of 2014 was even better for Sainsbury as they again beat Tesco by a margin of 1.87 %. Liquidity Ratios (Acid - test ratio) Refer to appendix 4 Acid - test ratio or quick ratio is an indicator that defines whether a company has sufficient short-term assets to cover its immediate liabilities without selling inventory. Acid - test ratio = (Current assets Inventories) / Current liabilities (Ketz et al. 2010) TESCO Sainsbury's 2012 49.03% 31.14% 2013 44.97% 35.01% 2014 46.04% 30.02% Table 5: Acid - test ratio (%) (Source: Created by author) Graph 5: Acid - test ratio (%) (Source: Created by author) However, Sainsbury have been able to beat Tesco in many sections over the last two years, which have been a massive achievement for the firm. However, situations are different when the Acid - test ratio of the firms are calculated, which is highlighted in the graphs. The calculations show that the Acid - test ratio of Tesco is recorded at 46.04. % in the year of 2014, while the Acid - test ratio of Sainsbury has been recorded at 30.02% in the same year. However, it should also be noticed that not only in the year of 2014 but also in 2012 and 2013, the Acid - test ratio of Sainsbury has been quiet low than Tesco. Efficiency Ratio (Asset turnover) Refer to appendix 4 The assets turnover ratio is used to define how well the company deploys its assets. The amount of sales or revenues generated per pound of assets. Generally, the higher the ratio, the better it is, since it denotes that company is making more revenues per pound of asset (Heilbron, 2011). The given figure describes that Sainsburys ability to utilize its assets was more effective than Tescos. Both companies assets turnover ratios were consistent for the last three years, which was good for the two companies, but Sainsburys was the exceptional one. Asset Turnover = Sale revenue / Total assets Efficiency Ratio (Receivables collection period) The collection period is the calculation of the period of how long it takes customers to pay for the credit sales. The period of collection also equals the average accounts receivable divided by the credit sales (Demonstratingvalue.org, 2015). TESCO Sainsbury's 2012 44 39 2013 54 38 2014 61 41 Table 6: Receivables collection period (%) (Source: Created by author) The study of the above table shows that Sainsbury is more advanced in this section than Tesco. The calculation in the year of 2014 shows that Tesco has a average collection period of 61, which is 41 in case of Sainsbury. Therefore, it can be said that Sainsbury is far ahead of Tesco in this section. Efficiency Ratio (inventory turnover period) Refer to appendix 5 The inventory turnover is measured by days that explain the duration that needed to transform the companys inventories into sales. In this regards, the less number of the days, the better performance of the firm is. Inventory Turnover (days) = (Inventory / Cost of sales) * 365 (Chaudhuri, 2011) TESCO Sainsbury's 2012 20 14 2013 21 15 2014 23 15 Table 7: Inventory turnover period (%) (Source: Created by author) Graph 7: Inventory turnover period (%) (Source: Created by author) The calculation of the inventory turnover period of both the firms has been represented above in the graph, which quiet clearly shows that Tesco is having higher inventory period in all the three years consistently than Sainsbury. Gearing Ratio Refer to appendix 6 Gearing ratio is a financial ratio that measures the financial leverage, signifying the degree to which a firm's activities are funded by owner's funds versus creditor's funds. Gearing Ratio = Long - term Debt + Preference Shares / Equity * 100 (Bourke, 2009) TESCO Sainsbury's 2012 59% 51% 2013 56% 53% 2014 63% 52% Table 8: Gearing Ratio (%) (Source: Created by author) Graph 8: Gearing Ratio (%) (Source: Created by author) The gearing ratio of both the firms has been calculated at a stable position but the gearing ratio of Tesco has been greater than the grading ratio of Sainsbury consistently from 2012 to 2014. The lowest difference between the gearing ratios of these two firms was in 2013, which was only 3%. Interest cover The interest cover measures the amount of availability of operating profit for covering interest payable. In addition, stated that the lower level of operating profit coverage, the higher the risk to lender and shareholder. Interest Cover = Operating profit / Interest Expense TESCO Sainsbury's 2012 7.15 7.29 2013 9.33 7.11 2014 6.88 6.81 Table 9: Interest Cover (Source: Created by author) Graph 9: Interest Cover (Source: Created by author) The study of the above table and graphs quiet clearly shows that both the firms is quiet capable of covering their interest payable with the operating profit. The highest interest cover of Tesco has been recorded at 9.33. Meanwhile, the highest interest cover of Sainsbury has been recovered at 7.29 %. Discussing and identifying the purposes of calculating the ratios of Sainsbury and Tesco The financial ratios, which are also known as the Key Performance Indicators (KPIs) of the firm plays a massive role in extracting the actual financial condition of the firm within the market. These ratios will also enable the management of Tesco and Sainsbury to understand the areas that the firm is lagging behind and needs improvement within the minimum possible time (Bonett and Price, 2015). Moreover, these will also enable the management of Tesco and Sainsbury to draw and plan a certain action that will be taken by them in the next financial year to cover up all the identified loopholes. Therefore, it can be commented that the KPIs of a firm has the capability to highlight the exact current financial condition of the firm, which will also help the management to draw up certain financial strategies. Weaknesses of ratios analysis The weaknesses of the ratio analysis are stated below: Many large firms operate various divisions in different industries. For these companies it is difficult to find a meaningful set of industry-average ratios (Alzubaidi, 2014). The analysis of ratio of the financial statements do not always provide the exact amount, which makes the firm to assume the approximate value of that particular section, Inflation may have badly distorted a company's balance sheet. In this case, profits will also be affected. Therefore, a ratio analysis of one company over time or a comparative analysis of companies of different ages must be interpreted with judgment (Baur and Leuenberger, 2011). Conclusion The study of the entire report quiet clearly states that Tesco have outperformed Sainsbury in the year of 2012. The scenario have changed drastically form the year of 2013 as the study highlights that Sainsbury has various sections that are superior than Tesco in the year of 2013 and 2014 as well. Therefore, it can be said that the study has educated the learner regarding the various financial ratios of Tesco and Sainsbury along with its importance in evaluating the financial conditions of the firms. Recommendation The first and foremost recommendation to the management of Sainsbury is to operate their business in a strategic manner, which will enable them to beat Tesco in other areas as well. The management of Sainsbury needs to implement various strategies that will enable the firm to achieve a competitive advantage over Tesco. Meanwhile, Tesco has outperformed Sainsbury in the past, nut have failed to do the same in the recent years. Therefore, the management of Tesco needs to find out the loopholes that have created this problem in the recent time. Reference List Alzubaidi, R. (2014). Spreadsheets-based modelling for financial analysis ratios. International Journal of Economics and Accounting, 5(3), p.216 Baur, H. and Leuenberger, C. (2011). Analysis of Ratios, 60(6), pp.813-825 Bonett, D. and Price, R. (2015). Analysis Methods for Odds Ratios and Risk Ratios. Psychological Methods Bourke, A. (2009). Comparative Analysis of Investment Ratios. Evolution, 43(4), p.913 Chaudhuri, T. (2011). Analysis of the Profitability Ratios of HCL. SSRN Journal. Demonstratingvalue.org, (2015). Financial Ratio Analysis | Demonstrating Value. [online] Available at: https://www.demonstratingvalue.org/resources/financial-ratio-analysis [Accessed 15 Jul. 2015]. Heilbron, D. (2011). The Analysis of Ratios of Odds Ratios in Stratified Contingency Tables. Biometrics, 37(1), p.55 Hutton, Y. (2014). Odds Ratios Analysis. Technometrics, 41(2), pp.181-182. Ketz, J., Doogar, R. and Jensen, D. (2010). A cross-industry analysis of financial ratios. New York: Quorum Books. Murnick, D. and Peer, B. (2014). Analysis of ratios. Science, 263(5149), pp.945-947. Muro, V. (2012). Handbook of financial analysis for corporate managers. New York: AMACOM. Prentice, R. (2010). Regression on hazard ratios and cross ratios in multivariate failure time analysis. Biometrika, 84(2), pp.349-363. Romagnoli, A. (2011). Balance-Sheet Ratios and Stock Returns:. SSRN Journal. Sainsburys.co.uk, (2015). Sainsbury's. [online] Available at: https://www.sainsburys.co.uk/sol/index.jsp [Accessed 15 Jul. 2015] Tamari, M. (2011). Financial ratios. London: P. Elek. Tesco.com, (2015). Tesco.com - online shopping; bringing the supermarket to you - Every little helps. [online] Available at: https://www.tesco.com/ [Accessed 15 Jul. 2015] Troy, L. (2013). Almanac of business and industrial financial ratios. Englewood Cliffs, N.J.: Prentice-Hall. Ziegel, E. and Rudas, T. (2009). Odds Ratios in the Analysis of Contingency Tables. Technometrics, 41(2), p.181.

My First Day in America Essay Example For Students

My First Day in America Essay I am a foreign exchange student and have been here for three years. However, I still remember exactly how I felt on the first day I came to America, the day that I left my family behind to chase my dreams, the day my life has forever changed. Id wanted to go to America to study since I was about 14 years old because this modern country with freedom is all I could ever dream of. I would have many opportunities to complete my desired job in fashion. My parents thought I was too young to live here independently. Hence, I was not allowed to go until I finished my high school. A month before the day I interviewed for the United States visa, I was extremely nervous even I prepared for it thoroughly day and night. I studied hard to get a competitive transcript. I practiced the questions in order to have a perfect interview. I did everything I could to make sure I would not regret because it is hard to get a visa to America. The interview day finally came; luckily I got accepted right at the first time. I was really excited for a new life. I could travel to new places, eat new foods, and make new friends. I could leave my room messy without hearing my parents’ complaints. I could even make all the decisions by myself. The day I had to go has come and everything was totally different from what I imaged. I was so lonely. In America, I had a lot of connections but nothing could compare to my family at home. I used to walk on the streets by myself and eat dinner at tables for one. I felt lonely even when I went to the places where there are a lot of people like schools, grocery stores or parks. The funny thing is I could not drive a car without driver license as same as I did in Vietnam. I was like handicapped in first three months. I also had to get used to the new language because English was not commonly spoken in Vietnam. In other words, I had to start from zero and re-build everything. I had to learn how to live and carry out everyday activities like a child. My life was really miserable and lonely those days when I first stepped on America’s land. Yet life has gone on without me and to survive I have to adapt into the environment that I live. Nowadays, I have a couple of best friends and a stable life. However, I still remember exactly how I felt on the first days I came to America. It feels really blissful when I recall those memories. I prove that I did not give up on my life. I tried and am still trying for the best in my future. Thank you.