Friday, May 8, 2020
Review of The Immortal Life of Henrietta Lacks by Marianne Elliot
Review of The Immortal Life of Henrietta Lacks by Marianne ElliotHenrietta Lacks's The Immortal Life of Henrietta Lack is not a great book. It does have some very interesting essays and some really eye-opening research, but it doesn't have much in the way of real depth. I think that the most interesting ideas are lost in the translation into English.I'd read this book and have found other authors' versions before, so I knew what I was getting myself into. I knew that this book was the latest (and supposedly last) on the subject of immortality and had made a few 'emergent' discoveries, which would form the basis of later works. It was a pretty interesting story about her research and experimenting on the afterlife, with somewhat predictable conclusions. Nevertheless, I do like the character of Henrietta, who still seems to exist in the author's mind as if we were still living in the eighteenth century.The book tells us that Henrietta has discovered that she has the ability to travel f rom one point in time to another. In order to do this, she will have to travel in time for several years. At first, she meets up with our eponymous Henrietta Lack and he reveals some of his research to her and they become friends.Henrietta is intrigued by him, since he has even, despite his position, managed to publish a book and continue a career. He still has the appearance of a gentleman. She writes some poems in praise of him, that she sings, and one of them is on its way to being published as an unpublished Henrietta Lack poem. The he has a rather destructive streak that is clearly shown in the book, as the more Henrietta mentions him, the more he grows from a friend to an enemy. He sees himself as an intellectual, and if it weren't for her, he would probably be known as an enemy, which is too bad, because he has good qualities, at least in his imagination.As the book goes on, Henrietta begins to realize the fact that the book is going to come out eventually, especially since t he husband has finally come forward to reveal his secret to her. And here comes the last big revelation that is the ending. Well, most of the revelations are actually kind of disappointing. However, the fact that she does know about the afterlife (her ability to time travel) is very interesting. We never discover anything about how Henrietta should act, except for the fact that she should try to do something as the novel finishes, and we all know that she shouldn't. Because she knows that it's not worth living if she can't make her husband happy.I am not sure what the solution is to all this. What if Henrietta believes that the husband is one of her past selves? Well, then what does that mean?That's the question that is left for me to ponder about Henrietta. If she goes ahead and dies, is there any hope for her?
Wednesday, May 6, 2020
Impact Of Industrialization On The American Civil War
With the end of the American Civil War in 1865, revolutionary changes arose, and the upsurge of industrial influences entered the United States. Many found this as a way to raise production, build growth, and increase currency. Although this built much success for the United States after the Civil War, the new industrial elite changed the lives of many, such as the nonwhite, factory workers, and Midwestern farmers. The changes caused many to recognize the abundance of goods and rights they have. However, the impacts of industrialization left challenges, prompted factors for expansion, and established geopolitical power. The new industrial elite changed in numerous ways. The first change is the Reconstruction which left challengesâ⬠¦show more contentâ⬠¦The United States had an abundance of raw materials. With the Reconstruction, it opened doors to trading and outsourcing materials. However, these raw materials were located in areas that lack easy access. Therefore, it increas es the need for railroad transportation and a larger workforce. With demands, comes scandals. In 1872, the Credit Mobilier Scandal broke. The investors of Credit Mobilier, also Union Pacific members, were ensuring that they profit from the railroad industry. This left factory workers and nonwhites were unpaid and overwork, which led to the Great Railroad Strike in 19877 and the rise of the unions. With poor work conditions and an increase in standard of living, factory workers were faced with the challenge of surviving. Big companies continued to cut wages which were troublesome to the factory. They understood that by forming a union, they would be placed on a blacklist. They would mean no one would hire them. With the result of Great Railroad Strike in 19877, The Knight of Labor was formed and overturned wages cuts in 1885. However, rebellions, The Haymarket Riot and The Pullman Strike, continued and the Federal government became affected by this. Furthermore, the government provi ded loans, sold lands, and provide little regulations to trade that there was an increase of immigrants. While it was an expansion in the economy, many States were raising tariffs. This becameShow MoreRelatedIndustrialization After the Civil War694 Words à |à 3 PagesIndustrialization after the Civil War influenced U.S society, economy, and politics in many ways. Industrialization after the Civil War made the way of living more convenient for people but it was a time were the government was corrupted. One major aspect of industrialization was the railroads and steel. According to how stuff works ââ¬Å"railroads were used to transport food and goods, and they also shaped the growth of some cities and brought economic prosperity to some. Railroads were also usedRead MoreReconstruction and Industrialization1446 Words à |à 6 PagesAssignment 1: ââ¬Å"Americaââ¬â¢s Post-Civil War Growing Painsâ⬠Reconstruction and Industrialization 1865-1900 Four years after the first shots were fired at Fort Sumter the Civil War ended with the Unionââ¬â¢s Victory over the Confederacy. Though the war was over, there were still many problems that needed to be resolved in order to reunite the states as a nation. The time period in which steps were taken to rebuild the nation is known as reconstruction. Reconstruction lasted from 1865 until 1877. TheRead MoreAmericas Development1272 Words à |à 5 Pagesas compared to its political, social and economic status at the end of the Civil War. The Civil War is widely recognized as a major event in the countrys historical consciousness since it played a crucial role in determining what kind of nation the United States would be. This is mainly because it resolved two essential questions and concerns that were left undetermined by the Revolution of 1776-1783. First, the Civil War helped in determining whether America would be an inseparable nation with aRead MoreIndustrialization During 18 65 and 1920 That Influenced U.S. Society, Economy, and Politics1205 Words à |à 5 PagesTHESIS STATEMENT Impact of Industrialization after the Civil War on American Society (Thesis Outline) [Strayer University] [U.S History 105] ] Impact of Industrialization After the Civil War on American Society (Thesis Outline) Part 1- Thesis Statement The Industrial Revolution marks a major turning point in human history; almost every aspect of daily life was influenced in some way. After the Civil War, industrialization took on an unpredictable changeRead MoreEssay on Boss713 Words à |à 3 Pagesdid the labor system of white indentured servitude work, and why did plantation owners replace it African slavery? Explain how the African slave trade developed? 5. How did the British victory in the Seven Years War ironically become one of the precipitating causes of the American Revolution? What deeply rooted historical factors moved America towards independence from Britain? 6. What were the primary achievements and failures of the US under the Articles of Confederation? What essentiallyRead MoreEssay on Reconstruction and Industrialization1259 Words à |à 6 PagesReconstruction and Industrialization After the Civil War, the nation witnessed two major social-economic movements: Reconstruction and Industrialization, which changed the country completely and made it one of the greatest industrialized countries in the world. However, it changed not only the country, but also, the society, its way of life and traditions. The effort to rebuild the southern states and restore the Union was known as Reconstruction, a period that lasted from 1865 to 1877.Read MoreIndustrialization After Civil War1523 Words à |à 7 PagesAssignment 1.2 Industrialization After the Civil War Final Paper Studentââ¬â¢s Nameââ¬âLacey Jaslaine Young Course Number ââ¬âHIS 105 ------------------------------------------------- Quarter Name and Yearââ¬âFall Quarter 2015 ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- 1. Introduce your paper with your previously crafted thesis statementRead MoreThe History of America1061 Words à |à 4 Pagesï » ¿ American History 1865-1900 Introduction Two major historical turning points during the post-Civil War period (1865-1900) were the dramatic rise of industrial America (industrialization) and the development of the American West. This paper reviews and critiques those developments Two major turning points: the rapid growth of American industry settlement of the West. The Library of Congress (LOC) reports that the U.S. emerged after the Civil War as an industrial giant; the industries thatRead MoreThe Adventures Of Huckleberry Finn By Mark Twain1130 Words à |à 5 PagesFinn. The Civil War and the Industrialization of America were historic to the rise of the realistic period, and contributed to the shaping of it. The authors developed the period with an emphasis on regionalism, transparent language, and character. Common themes of racism, class, and freedom emerge during realism. Mark Twain s novel demonstrates the subjects of racism and freedom. As an impact of these themes, Huck s view on Jim changes drastically. The Civil War and the Industrialization of AmericaRead MoreThe Progressive Era Essay1133 Words à |à 5 Pagesby the end of the Civil war and first World war. This brought about the industrialization and massive boom in immigration experienced at this period. Urbanization became key in the history of America and it has its influence in the attractiveness of the nation. The progressive era was from 1870 to 1916 which entered the period of urbanization in the United States. In the 19th century, a lot of European immigrants came into the States and this aided the speedy industrialization, people moved away
Tuesday, May 5, 2020
Effects of Dam Building Essay Example For Students
Effects of Dam Building Essay Grade 10 GeographyUnits 12, 13, 14 Essay Effects of Dam Building Many people have already dammed a small stream using sticks and mud bythetime they become adults. Humans have used dams since early civilization,because four-thousand years ago they became aware that floods and droughtsaffected their well-being and so they began to build dams to protectthemselvesfrom these effects.1 The basic principles of dams still apply today as theydidbefore; a dam must prevent water from being passed. Since then, people havebeen continuing to build and perfect these structures, not knowing the fullintensity of their side effects. The hindering effects of dams on humansandtheir environment heavily outweigh the beneficial ones. The paragraphsbelowwill prove that the construction and presence of dams always has and willcontinue to leave devastating effects on the environment around them. Firstly, to understand the thesis people must know what dams are. A damis abarrier built across a water course to hold back or control water flow. Damsare classified as either storage, diversion or detention. As you couldprobablynotice from its name, storage dams are created to collect or hold waterforperiods of time when there is a surplus supply. The water is then used whenthere is a lack of supply. For example many small dams impound water in thespring, for use in the summer dry months. Storage dams also supply a watersupply, or an improved habitat for fish and wildlife; they may store waterforhydroelectricity as well. A diversion dam is a generation of a commonly constructed dam which isbuiltto provide sufficient water pressure for pushing water into ditches, canalsorother systems. These dams, which are normally shorter than storage dams areused for irrigation developments and for diversion the of water from astreamto a reservoir. Diversion dams are mainly built to lessen the effects offloodsand to trap sediment. Overflow dams are designed to carry water which flow over thier crests,because of this they must be made of materials which do not erode. Non-overflowdams are built not to be overtopped, and they may include earth or rock intheir body. Often, two types of these dams are combined to form a compositestructure consisting of for example an overflow concrete gravity dam, thewaterthat overflows into dikes of earthfill construction. A dams primary function is to trap water for irrigation. Dams help todecrease the severity of droughts, increase agricultural production, andcreatenew lands for agricultural use. Farmland, however, has its price; riverbottomlands flooded, defacing the fertility of the soil. This agriculturallandmay also result in a loss of natural artifacts. Recently in Tasmania wherehasbeen pressure from the government to abandon the Franklin project whichwouldconsume up to 530 sq miles of land listed on the UN World Heritageregister. Inthe land losses whole communties must leave everything and start againelsewhere. The Jamess Bay Hydroelectric project, hailed to be one of the mostambitious North American undertaking of dams was another example of thelandsthat may be lost. The 12.7 billion scheme was to generate 3 160 megawattsofelectricity a day, this power output would be enough to serve a city of700,000! One of the largest problems with this dam, is that it would bebuilton a region that meant a lot to 10 500 Cree and 7 000 Inuit. Lands thattheirancestors have hunted and lived on for more than 5 000 years will befloodedalong with 90% of their trapping lines.6 If this happened these people mustresettle, find a new way of life and face the destruction of a piece oftheirheritage if this project is approved. .uf6be047eeac421cce0577048bdba5d46 , .uf6be047eeac421cce0577048bdba5d46 .postImageUrl , .uf6be047eeac421cce0577048bdba5d46 .centered-text-area { min-height: 80px; position: relative; } .uf6be047eeac421cce0577048bdba5d46 , .uf6be047eeac421cce0577048bdba5d46:hover , .uf6be047eeac421cce0577048bdba5d46:visited , .uf6be047eeac421cce0577048bdba5d46:active { border:0!important; } .uf6be047eeac421cce0577048bdba5d46 .clearfix:after { content: ""; display: table; clear: both; } .uf6be047eeac421cce0577048bdba5d46 { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .uf6be047eeac421cce0577048bdba5d46:active , .uf6be047eeac421cce0577048bdba5d46:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .uf6be047eeac421cce0577048bdba5d46 .centered-text-area { width: 100%; position: relative ; } .uf6be047eeac421cce0577048bdba5d46 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .uf6be047eeac421cce0577048bdba5d46 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .uf6be047eeac421cce0577048bdba5d46 .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .uf6be047eeac421cce0577048bdba5d46:hover .ctaButton { background-color: #34495E!important; } .uf6be047eeac421cce0577048bdba5d46 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .uf6be047eeac421cce0577048bdba5d46 .uf6be047eeac421cce0577048bdba5d46-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .uf6be047eeac421cce0577048bdba5d46:after { content: ""; display: block; clear: both; } READ: Essay On Telemachos Essay When a dam is being constructed, the river where it is supposed to bebuilton must be drained. This kills much of the life and disrupts the ecosystemandpeaceful being of all the aquatic and terrestrial animals around it. Atfisheries there is a large impact on the fish. The famous Columbia Riversawits stock of salmon drop considerably after the dams were built, althoughthere were fish ladders built. The salmon were unable to swim upstream whenitwas time for breeding as they usually did. But perhaps it is the plans for the Amazon Basin in Brazil that shows ushowlarge the side-effects can be. In the city Surinam, in northern Brazil,LakeBrokopondo was created in 1864 swamping about 580 square miles of virginrainforest. Foul smelling gas called hydrogen sulfide was produced as thetreesdecomposed. The turbine casings were attacked by the acidic water and Thedecayof water allowed a chance for hyacinths to float on the surface. This didnotallow the light to shine through to the water onto the plants which thefishfeeded on. The plants were unable to perform photosynthesis, and the fishdiedalso because there was a lack of food. In the lack of sun the waterweedsgrewand threaten to create diseases such as malaria, where the whole lakesecosystem would die out.8 Many little animals and plants which were neverdiscoved and may have had high economic value were to be lost forever. There remains a problem with reservoirs which to date hasnt been solvedyet. A reservoir is a to store water, mainly for hydroelectric power orirrigation. Nearly 10 000 caribou drowned while crossing the inflatedCaniapiscau River in September 1984, because of these reserviors. The heavyrainfall created enough water to overtop the structure and caused extraamounts of spillages in the reservoir. The water flooded the river whilethecaribou were literally submerged.9 The Colarado River, known as the most litigated, controlled andlesgislatedriver in the world. People who used to raft there now say it is very insafebecause of the fluctuating surges of water meant to accomodate when thepeopleuse most energy. What was fresh water is now being converted to salty waterbecause of these reservoirs. The water standing in the reservoir evaporateswhen not used and the rest of the water becomes more salty.10 There is another theory that dams are causing earthquakes, when theselargestructures are pla ced with the mass of the unnatural weight of the lakenearit, this disrupts the Earths surface and is a new precaution where beforeitwas never heard of. Many people say that dams protect people from naturaldisasters, but there are some which it can intensify. For instance if anEarthquake happens then, along with cracks in the ground, buildingsfalling,there would also be a flood and large pieces of the broken dam to copewith.11 Dams are harming the environment that people live in. What was beinghailedas great accomplishments are now showing signs of great consquence. Thepreservation of our environment is the key to the preservation of people. Wecannot exchange money for the deterioration of our own animals, plants andland. The is the environmental age and humans must respond by changingtheirways and looking at the long-term prospect instead of the short-term. Untilweas the users and protectors of the land can do this, future of our greathumancivilization will continue to look grim.
Friday, April 17, 2020
Research Proposal on Fear of Crime Essay Example
Research Proposal on Fear of Crime Essay Fear of crime is the phenomenon of the fear of becoming a victim of a crime. Fear of crime can be called a certain type of the psychological disorder or mainly phobia. The person is afraid of becoming an integral part of the crime, so to get involved into this act. Fear of crime is often connected with the fear of youth, as the young people are often associated with crime being rough and emotional. When the person suffers from the fear of crime, this influences her life negatively and makes it complicated. The person starts avoiding walking in the crowded places fearing that the big number of people improves the risk of being involved into the crime. In addition, the person tries to walk only in the familiar places in the particular hours believing that stability and predictability of the situation will help her to avoid crime. The person also applies preventive measures to avoid crime, including the means of self-defense and high expenses on the alarm systems to prevent stealth of the automobile or to stop burglars penetrating into the house. The fear of crime is also a positive thing, because the person starts to think about her safety, improves the means of self-defense, etc. Of course, if the fear is very strong, it turns into the certain paranoia and the person sees a threat of crime everywhere. In order to help one get rid of the fear of crime, he survives the therapy with a psychologist, who defines the reasons of the fear and clears up the real possibility of crime for a common person. We will write a custom essay sample on Research Proposal on Fear of Crime specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Research Proposal on Fear of Crime specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Research Proposal on Fear of Crime specifically for you FOR ONLY $16.38 $13.9/page Hire Writer Fear of crime is a kind of paranoia or phobia which is based on the psychological fear of participation in the crime in the role of a victim. The student who is going to research the topic deeper is supposed to study the origin of the fear, the types of the fear, its influence on the human life and social relations. The research proposal should convince the professor that the topic on fear of crime is a worthy one and the investigation and explanation by the student will improve the condition of the problem and illustrate the possible solutions to the existing problem. The main complicated moment related with research proposal writing is to choose the right manner of writing. The Internet is the reliable helper of every student and young people can read a free example research proposal on fear of crime composed the writer who knows the topic well. Under the assistance of a free sample research proposal on fear of crime one can prepare a well-analyzed persuasive paper which can be accepted by the most demanding professor. NOTE!!! All free sample research proposals and examples on Fear of Crime are 100% plagiarized, we are here to help you! EssayLib.com is a leading research proposal writing service, which can offer you the solution you have been looking for. With thousands of written research papers and proposals for Masterââ¬â¢s and PhD degrees, we can give you exactly what you need at very affordable prices. Our experienced writers will prove you that high quality and exclusivity is a trademark of our products. We can guarantee your confidentiality and promise you strict on time delivery. There are many reasons for EssayLib.com to become your favorite research proposal writing service, but all we are asking you ââ¬â just give us a try!
Friday, March 13, 2020
Quotes to Inspire Educators
Quotes to Inspire Educators Teaching can be a tough profession, and educators might need a little inspiration to find motivation for that next class or lesson or even just to keep going. Plenty of philosophers, writers, poets, and teachers have provided pithy sayings about this noble profession over the centuries. Peruse some of these thoughts about education and be inspired. Inspiration A teacher who is attempting to teach without inspiring the pupil with a desire to learn is hammering on a cold iron. - Horace Mann Mann, an early-19th-century educator, wrote numerous books on the profession, including On the Art of Teaching, which was published in 1840 but is still relevant today. A master can tell you what he expects of you. A teacher, though, awakens your own expectations. - Patricia Neal Neal, an Oscar-winning actress who died in 2010, was likely referring to movie directors, who can either act like masters dictating what they want their actors to do or motivate their thespians through inspiration and teaching. The mediocre teacher tells. The good teacher explains. The superior teacher demonstrates. The great teacher inspires. - William Arthur Ward One of Americas most quoted writers of inspirational maxims, according to Wikipedia, Ward offered many other thoughts about education, such as this one listed by azquotes: The adventure of life is to learn. The purpose of life is to grow. The nature of life is to change. The challenge of life is to overcome. à Conveying Knowledge I cannot teach anybody anything, I can only make them think. - Socrates Arguably the most famous Greek philosopher, Socratesà developed the Socratic method, where he would throw out a string of questions that sparked critical thinking. The art of teaching is the art of assisting discovery. - Mark Van Doren A 20th-century writer and poet, Van Doren would have known a thing or two about education: He was an English professor at Columbia University for nearly 40 years. Knowledge is of two kinds. We know a subject ourselves, or we know where we can find information upon it. - Samuel Johnson Its not surprising that Johnson would have commented on the value of looking up information. He wrote and published A Dictionary of the English Language in 1755, one of the first and most important English-language dictionaries. The only person who is educated is the one who has learned how to learn and change. - Carl Rogers A giant in his field, Rogers was the founder of the humanistic approach to psychology, based on the principle that to grow, a person needs an environment that provides genuineness, acceptance, and empathy, according to SimplyPsychology. The Noble Profession Education, then, beyond all other devices of human origin, is the great equalizer of the conditions of man... - Horace Mann Mann, the 19th-century educator, warrants a second quote on this listà because his thoughts are so telling. The notion of education as a social tool- an equalizer that cuts through all socioeconomic levels- is a major tenet of American public education. If you would thoroughly know anything, teach it to others. - Tryon Edwards Edwards, a 19th-century theologian, offered this concept that applies equally to teachers and students. If you really want your students to show they understand the material, teach it to them first, and then have them teach it back to you. A teacher is one who makes himself progressively unnecessary. - Thomas Carruthers An expert on international democracy who has taught at several universities in the United States and Europe, Carruthers is referring to one of the hardest things for a teacher to do: let go. Educating students to the point where they no longer need you is one of the highest achievements in the profession. Miscellaneous Thoughts When a teacher calls a boy by his entire name, it means trouble. - Mark Twain Of course the famous 19th-century American writer and humorist had something to say about education. After all, he was the author of classic stories about the countrys two most famous fictional mischief makers: The Adventures of Huckleberry Finnà and The Adventures of Tom Sawyer. Good teaching is one-fourth preparation and three-fourths theater. - Gail Godwin An American novelist, Godwin took her inspiration for this quote from inventor Thomas Edison, who said, Genius is 1 percent inspiration and 99 percent perspiration. If you think education is expensive, try ignorance. - Derek Bok A former president of Harvard University, where obtaining a degree can cost more than $60,000 a year, Bok makes the convincing case that forgoing education can be far more costly in the long run. ââ¬Å"If youre not prepared to be wrong, youll never come up with anything original.â⬠- Ken Robinson Sir Ken Robinson frequents the TED TALK circuit, discussing how schools must change if educators are to meet the needs of the future. Often funny, heà sometimes refers to education as a death valleyà that we must change in order to instill a climate of possibility in our youth.
Wednesday, February 26, 2020
Answer 2 questions Essay Example | Topics and Well Written Essays - 250 words
Answer 2 questions - Essay Example This was contrary to the Englandââ¬â¢s Protestants where he contended that, once the Irish children (who constituted the biggest population) attain the age of maturity usually resulted to being thieves. Since, they could not beg like their mothers in the streets. Swift groups the entire population in two broad groups, which is according to their nationalities besides their denominations and economic stability. The Irish, which are the Catholics normally in his work, represent the lower class of beggars who should sell their children while young to revive both the state and their economy. He also compares the children of the wealth English people with those of the Irish where the latter are many and mainly languishing in abject poverty. In addition, Swift compares the two denominations where the catholicââ¬â¢s population is exceedingly poor contrary to the Protestants. This is evident from the Swiftââ¬â¢s mode of salvaging both the poor and the stateââ¬â¢s economy, where he suggests selling of children while at a tender age. Since, at this stage they are fat and can fetch considerable money, hence encouraging intimacy among the Irish couples besides becoming economically stable (Swift). Unexcused absence in learning institutions over the years up to date has become an unsolved issue despite both parents and instructorsââ¬â¢ efforts in reporting the truants to the relevant authorities. This is not an effective solution because the truants despite the immense coercion from both the relevant authorities and instructors continue to be absent. Hence, hardening them to the extent of becoming potential criminals where dealing with the law does not scare them. The most effective solution will entail assigning them diverse responsibilities in school where they will not be able to avoid the interaction with the instructors. These responsibilities encompass being student leaders and hold other posts where they will not have
Sunday, February 9, 2020
Pacific Precision Financial Situation Essay Example | Topics and Well Written Essays - 750 words
Pacific Precision Financial Situation - Essay Example Pacific Precision's increasing NWC can be examined by looking at the components of this financial measure. Appendix 1 shows how this is computed for the years 2002-2004. What becomes apparent is the increase in days' sales outstanding and days' sales of inventory. The increase in days' sales outstanding indicates the inefficiency of the company in collecting its accounts receivable. Having its sales tied up in accounts receivable for a longer period means that it doesn't have adequate cash to cover its immediate obligations. Meanwhile, the increase in days' sales in inventory shows that Pacific Precision is not very efficient in moving its inventory into sales. This has negative implications-the company incurs holding cost of inventory and its current asset becomes bloated with less liquid resources. These two ratios simply imply that the company's inefficiency makes it less liquid and hindering it from paying its current creditors, and thus, a higher NWC. 2. 2. What is your assessment of Pacific Precision's profitability Keeping in mind that there are many ways to measure profitability (net income, ROS, ROE, ROA, EVA, etc.), what observations would you make about adequacy One of the ultimate measures of Pacific Precision's profitability is its computed return on equity (ROE). It should be noted that the main goal of a business organization is to maximize shareholder value which is, in turn, measured through the ROE. In order to gain an adequate assessment, the company's ROE must be benchmarked with the other players in the industry. Appendices 2 and 3 show the computed ROEs of Pacific Precision and its competitors from 2002-2004. It should be noted that Pacific Precision's ROE is in an uptrend during the period under consideration. During 2002, the company records a 12% ROE which mounts to 13.34% and 18.18% in 2003 and 2004, respectively. This becomes a good indication of the company's performance as it reflects its ability to enhance its profitability. However, in the benchmark analysis, it can be seen that the company is performing worse than its two competitors. In fact, Company #2 even manages to record an ROE of 20.7% during 2004. Even though Pacific Precision's profitability is improving, it should be noted that it lags behind other industry players. 3. It appears that Pacific is increasingly dependent on short-term debt. What is driving this use, and is it in your estimation a relatively minor or a serious issue for management Over the past years, Pacific Precision has been becoming overly dependent on short-term debt. One reason that the case states is the company's previous attraction to the low interest rates on yen short term loans. However, interest rates have increased making these short term debts escalates. The dependence on short term, debt can also be attributed to the company's inefficiency in managing its working capital. As stated
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