Deregulation Act of 1978 Essay Example | Topics and Well Written Essays - 1500 words

Deregulation Act of 1978 - Essay Example The Airline Deregulation Act’s intention was to stop government control over airline industry policies. The control was majorly over routes, fares, and market entry of new airlines from commercial aviation. The government approved this Act on 24th October, 1978 and President Jimmy Carter signed it into law four days later (Kaps, 1997). Before the Act, the industry was more of a public utility with a government agency. The CAB; Civil Aeronautics Board determined the routes taken by each airline and the prices they charged their passengers. This has changed ever since after the incorporation of the Act which has seen the market shift to a market –driven industry. The customer demand determined the level of service and price charge. The deregulation Act came by after several flaws in the airline industry. One of them was the Middle Eastern oil case; this led to a rise in price of fuel costs. This shoot up in fuel cost led to price inflation. Another flaw was the development of the wide body aircraft that allowed for carriage of increased capacity to different and many routes with one flight. These two cases came when there was an economic fall that led to a strain on the airlines. This fall led to failure in the airline businesses, and rising fuel prices did not aid the situation at all. The Civil Aeronautics Board in response to this situation and trying to ensure reasonable return for the airlines allowed the different carriers to increase fares. It also embarked on a four year suspension by the carriers on authorizing new services and approved agreements among the airlines to limit the carriage capacity on specific routes. The public did not welcome this move with open arms the fares had increased. The airlines also did not see much change on the Civil Aeronautics Board last decision as through the 1970’s their earnings were poor despite the

Q Assess the effectiveness of Nathanael West's use of Surreal elements Essay

Q Assess the effectiveness of Nathanael West's use of Surreal elements in 'The Day of the Locust' - Essay Example When the war finally ended, it was called the Great War, because it was thought that no such war would ever be fought again. The next decades did nothing to break the pessimism that many felt about the world's future. The crash in the world financial markets that happened in 1929, the worldwide drought in 1930, conspired to create the Great Depression, a worldwide economic downturn that basically lasted until industry began gearing up for what would be called the Second World War. As a result, the 1930's was a decade of extreme pessimism, which was manifested in a number of ways. The arts produced "case studies, reportage, documentary photography, proletarian literature, and 'social problem' films" with the goal of "reconstruct[ing] the 'hidden' logic of an elusive social reality" (Veitch, xvii). This is the time period in which Nathanael West made his literary mark. Jonathan Veitch makes note of the problems that critics have had in assigning West a particular place within the writing of that time, and American literature as a whole. Different critics described him, variously, as a "poet of darkness," "an apocalyptic writer," "a universal satirist," "a homegrown surrealist," and a "writer of the left." (Veitch xi, xvi). Some of these descriptions have definite contradictions with one another, but they all reflect different elements of the author's persona, and his work. His "style was never constant. At times his pictorial technique closely resembled collage [but also] cartoon strips, movies, and several schools of painting, as well as such non-graphic visual arts as the tableau and the dance." (Schug). While many of West's novels and other writings defy classification, though, The Day of the Locust does not. The surreal elements of this novel place it squarely in the camp of modernist fiction. His technique and methods bear considerable similarity to those of his contemporaries. When one considers some of the commonalities of modernist fiction: violence, decadence, irony, the grotesque, dreams, realism, allusion, distortion, and experimentation (Schug), all of these apply to The Day of the Locust, and many of them are a result of the surrealist techniques that West applies to his novel. The particular target of West's writing in The Day of the Locust is the dilemma that the artist faced when taking on the growing culture industry of the 1930's. The Hollywood industry is both the object of critique in the novel, as well as the subject of the story itself. The book executes a dark criticism of the so-called "dream factory" that Hollywood was in those times (and still is seen to be today) (Blyn). Ironically, those many of the aesthetic techniques at work in the novel owe a debt to that same Hollywood industry that the book itself is attacking. Consider, for example, the riot scene where a star appears at the premiere of a film. Protagonist Tod Hackett is taken away by the police in a squad car: He was carried through the exit to the back street and lifted into a police car. The siren began to scream and at first he thought he was making the noise himself. He felt his lips with his hands. They were clamped tight. He knew then it was the siren. For some reason this made him laugh, and he began to imitate the siren as loud as he could. (185) Clearly, the siren operates as a

Week Five Exercise Assignment Essay Example for Free

Week Five Exercise Assignment Essay Liquidity ratios. Edison, Stagg, and Thornton have the following financial information at the close of business on July 10: Edison Stagg Thornton Cash $6,000 $5,000 $4,000 Short-term investments 3,000 2,500 2,000 Accounts receivable 2,000 2,500 3,000 Inventory 1,000 2,500 4,000 Prepaid expenses 800 800 800 Accounts payable 200 200 200 Notes payable: short-term 3,100 3,100 3,100 Accrued payables 300 300 300 Long-term liabilities 3,800 3,800 3,800 a. Compute the current and quick ratios for each of the three companies. (Round calculations to two decimal places.) Which firm is the most liquid? Why? Account Edison Stagg Thornton Cash 6,000.00 5,000.00 4,000.00 Short term investments 3,000.00 2,500.00 2,000.00 Accounts receivable 2,000.00 2,500.00 3,000.00 Inventory 1,000.00 2,500.00 4,000.00 Prepaid Expense 800.00 800.00 800.00 Total Current Assets: 12,800.00 13,300.00 13,800.00 Account Edison Stagg Thornton Accounts payable 200.00 200.00 200.00 Notes payable 3,100.00 3,100.00 3,100.00 Accrued payables 300.00 300.00 300.00 Total Current Liabilities: 3,600.00 3,600.00 3,600.00 Edison: Current ratio 12,800.00 / 3,600.00 = 3.56 Quick ratio (6,000 + 3,000 + 2,000) =3.06 Stagg: Current ratio 13,300.00 / 3,600.00 =3.69 Quick ratio (5,000.00 + 2,500.00 + 2,500.00)/ 3,600.00 = 2.78 Thornton: Current ratio 13,800.00 / 3,600.00 = 3.83 Quick ratio (4,000.00 + 2,000.00 + 3,000.00) / 3,600 =2.5 The most liquid company is Edison because they have the most access if necessary. 2. Computation and evaluation of activity ratios. The following data relate to Alaska Products, Inc: 20X5 20X4 Net credit sales $832,000 $760,000 Cost of goods sold 530,000 400,000 Cash, Dec. 31 125,000 110,000 Average Accounts receivable 205,000 156,000 Average Inventory 70,000 50,000 Accounts payable, Dec. 31 115,000 108,000 Instructions a. Compute the accounts receivable and inventory turnover ratios for 20X5. Alaska rounds all calculations to two decimal places. Accounts Receivable Ratio = Net Credit Sales / Average Accounts Receivable $832,000 / 205,000 = 4.10 Inventory Turnover Ratio = Net Credit Sales / Average Accounts Receivable $530,000 / 70,000 =7.60 (205,000 + 156,000) / 2 = 180,500 (70,000 + 50,000) / 2 =60,000 3. Profitability ratios, trading on the equity. Digital Relay has both preferred and common stock outstanding. The com ­pany reported the following information for 20X7: Net sales $1,750,000 Interest expense 120,000 Income tax expense 80,000 Preferred dividends 25,000 Net income 130,000 Average assets 1,200,000 Average common stockholders equity 500,000 a. Compute the profit margin on sales ratio, the return on equity and the return on assets, rounding calculations to two decimal places. b. Does the firm have positive or negative financial leverage? Briefly ex ­plain. Profit Margin = 130,000/1,7500,00 =7.43% Return on equity = 130,000/5,000=26% Return on assets = 130,000/1,200,000=10.83% (120,000 + 80,000 + 130,000) / (80,000 + 130,000) =1.57 It has a positive financial leverage of around 1.57 times. The net profit ratio states Digital Relay made a 9% profit off its sales. 4. Horizontal analysis. Mary Lynn Corporation has been operating for several years. Selected data from the 20X1 and 20X2 financial statements follow. 20X2 20X1 Current Assets $86,000 $80,000 Property, Plant, and Equipment (net) 99,000 90,000 Intangibles 25,000 50,000 Current Liabilities 40,800 48,000 Long-Term Liabilities 153,000 160,000 Stockholders’ Equity 16,200 12,000 Net Sales 500,000 500,000 Cost of Goods Sold 322,500 350,000 Operating Expenses 93,500 85,000 a. Prepare a horizontal analysis for 20X1 and 20X2. Briefly comment on the results of your work. Horizontal Analysis 202 201 Difference %Change Current Assets 86,000.00 80,000.00 -4,000.00 -5.00% Property, Plant, and Equipment (net) 99,000.00 90,000.00 9,000.00 10.00% Intangiables 25,000.00 50,000.00 -25,000.00 -50.00% Total Assets 200,000.00 220,000.00 20,000.00 -9.09% Current Liabilities 40,800.00 48,000.00 -7,200.00 -15.00% Long Term Liabilities 143,000.00 160,000.00 -17,000.00 -10.63% Total Liabilities 183,800.00 208,000.00 -24,200.00 -11.63% Stockholders Equity 16,200.00 12,000.00 4,200.00 35.00% Total Liabilities and Stockholders Equity 200,000.00 220,000.00 -20,000.00 -9.09% Net Sales 500,000.00 500,000.00 0.00 0.00% Cost of Goods Sold 332,500.00 350,000.00 -17,500.00 -5.00% Gross Profit 167,500.00 150,000.00 17,500.00 11.67% Operating Expense 935,000.00 85,000.00 8,500.00 10.00% Net Income 74,000.00 65,000.00 9,000.00 13.85% (4,000) / 80,000 =-5% The company decreased its liabilities which is good but also decreased its assets and costs of goods sold. The operating expenses increased and kept the same amount of net sales. Their Stockholders’ Equity increased so they were able to purchase additional equipment, property, and plant. 5.Vertical analysis. Mary Lynn Corporation has been operating for several years. Selected data from the 20X1 and 20X2 financial statements follow. 20X2 20X1 Current Assets $86,000 $80,000 Property, Plant, and Equipment (net) 99,000 80,000 Intangibles 25,000 50,000 Current Liabilities 40,800 48,000 Long-Term Liabilities 153,000 150,000 Stockholders’ Equity 16,200 12,000 Net Sales 500,000 500,000 Cost of Goods Sold 322,500 350,000 Operating Expenses 93,500 85,000 a. Prepare a vertical analysis for 20X1 and 20X2. Briefly comment on the results of your work. Current Assets 15.20% 16.00% Property, Plant, and Equipment 19.80% 18.00% Intangibles 5.00% 10.00% Current Liabilities 8.16% 9.60% Long term Liabilities 28.60% 32.00% Stockholders Equity 3.24% 2.40% Net Sales 100.00% 100.00% Cost of Goods Sold 66.50% 70.00% Operating Expenses 18.70% 17.00% It seems as if the findings were the same as in the horizontal analysis. There is a difference, which is, seeing the sections changed based upon the previous. There is a 35% increase in the Stockholders’ Equity which is great for the company. 6. Ratio computation. The financial statements of the Lone Pine Company follow. LONE PINE COMPANY Comparative Balance Sheets December 31, 20X2 and 20X1 ($000 Omitted) 20X2 20X1 Assets Current Assets Cash and Short-Term Investments $400 $600 Accounts Receivable (net) 3,000 2,400 Inventories 3,000 2,300 Total Current Assets $6,400 $5,300 Property, Plant, and Equipment Land $1,700 $500 Buildings and Equipment (net) 1,500 1,000 Total Property, Plant, and Equipment $3,200 $1,500 Total Assets $9,600 $6,800 Liabilities and Stockholders’ Equity Current Liabilities Accounts Payable $2,800 $1,700 Notes Payable 1,100 1,900 Total Current Liabilities $3,900 $3,600 Long-Term Liabilities Bonds Payable 4,100 2,100 Total Liabilities $8,000 $5,700 Stockholders’ Equity Common Stock $200 $200 Retained Earnings 1,400 900 Total Stockholders’ Equity $1,600 $1,100 Total Liabilities and Stockholders’ Equity $9,600 $6,800 LONE PINE COMPANY Statement of Income and Retained Earnings For the Year Ending December 31,20X2 ($000 Omitted) Net Sales* $36,000 Less: Cost of Goods Sold $20,000 Selling Expense 6,000 Administrative Expense 4,000 Interest Expense 400 Income Tax Expense 2,000 32,400 Net Income $3,600 Retained Earnings, Jan. 1 900 Ending Retained Earnings $4,500 Cash Dividends Declared and Paid 3,100 Retained Earnings, Dec. 31 $1,400 *All sales are on account. Instructions Compute the following items for Lone Pine Company for 20X2, rounding all calcu ­lations to two decimal places when necessary: a. Quick ratio 1.17 b. Current ratio 1.86 c. Inventory-turnover ratio 10 d. Accounts-receivable-turnover ratio 13.33 e. Return-on-assets ratio 0.51 f. Net-profit-margin ratio 0.1 g. Return-on-common-stockholders’ equity 2.67 h. Debt-to-total assets 0.81 i. Number of times that interest is earned 15

Leadership Essay Example for Free

Leadership Essay Vice Principal Mr. Leonard Curry entered the main staffing office of the Academy and ordered a young teacher to get out into her class. Her quiet gentle response was, ‘I do not have a class now, sir.† â€Å"What!’ was his rebuttal insisting that the schedule had been changed and it was her period to be teaching a 10th grader’s Biology class. She replied by asking if it were ethical for her to be informed in such a manner pointing out that   a memo is the acceptable mode of transmitting such changes. This was followed by a gentle explanation she wanted to perform her duties without conflict. Further he said that it was her responsibility to check out changes on the teacher’s assignment notice board from time to time. She reiterated that that was an unconstitutional approach since it was not stated like that in the bylaws of the school. They continued to argue with the principal threatening her with suspension for insubordination had she not complied. A disciplinary report was eventually filed for insubordination and disobeying the rule of law. Impact on credibility—Principal-Mr.Cury displayed a tendency towards an autocratic leadership style. Once how to address the issue was lawful inscribed in the bylaws stipulating a particular way to inform about staffing changes it had to be adhered to. It would appear that the young teacher reminding him of it antagonized the situation. This is a challenge to his credibility. Communication-It is clear that there was a change of command in terms of communication. The principal seemed to have erred. His reaction is to blame the young teacher for his mistake by imposing a penalty on her for his mistake. This is often a management strategic adopted in a autocratic culture. Power of influence—in this situation the power of influence lay in the position or status of principal. The principal used it to make himself look respectable while casting blame onto unsuspecting immature teacher.

The Ipswich Womens Centre Against Domestic Violence Social Work Essay

The Ipswich Womens Centre Against Domestic Violence Social Work Essay The Ipswich Womens Centre Against Domestic Violence (IWCADV) is a feminist community based organisation committed to working towards the elimination of domestic and family violence throughout the community. The primary focus of IWCADV is to provide support to women and children survivors of domestic and family violence. This includes telephone information, referral and support services, court support for women, counselling services, group work and childrens work. During my placement experience as a womens counsellor at IWCADV I first spent a few weeks developing my understanding of the issues involved in domestic violence and the systems that are in place to support women and children who are survivors of domestic and family violence. My knowledge of the issues affecting women and children experiencing domestic and family violence includes an understanding of the emotional impacts of abuse (such as feelings of grief and loss, anger, guilt, depression, trauma), the loss of personal and physical security, safety concerns, the financial costs, family law and other legal issues, and power and control imbalances in relationships. I have developed my knowledge of the issues affecting women and children experiencing domestic and family violence in my university studies and my work experience. The understanding that I gained from my University studies was enhanced during my student placement at the Ipswich Womens Centre Against Domestic Violence. It was here that I developed my understanding of feminist perspectives on domestic and family violence, including the individual, familial, legal and social issues. In this role I was able to develop my understanding of feminist informed practises and techniques. I support this framework for practice as it can empower women and help them find their voice, encouraging women who have experienced the loss of control to make choices about their own life and to take responsibility for their life choices and to take back control. I worked from within a feminist framework to empower the client to find her voice and to discover her worth and make her own choices. In my role as a student counsellor at IWCADV I provided crisis support and advocacy work to women who have experienced domestic and family violence. During the beginning counselling sessions, I found it was quite difficult to always follow the story and set direction for the counselling. I took a strengths based narrative approach and usually after 2 -3 sessions a clearer picture had developed of the clients experience with domestic violence, and this continued to unfold throughout the counselling sessions. One of the most personally rewarding aspects of my counselling experience was the opportunity to explore and experience symbol and sand tray therapy. I spent some time reading Sandplay and Symbol Work Emotional healing and personal development with children, adolescents and adults by Mark Pearson and Helen Wilson to prepare for my personal experience with symbols and sand tray therapy during my professional supervision sessions. I then had the opportunity to introduce one of my counselling clients to the sand tray. Whilst I did have feelings of uncertainty about my ability to facilitate the process, I did feel comfortable enough with the setting and with my client to create a safe place for self-discovery and self-awareness. She was very open to the process and we both found this to be an enjoyable and meaningful experience. My client reported that this was a very positive experience for her and allowed her to process some of her experiences with domestic violence and that it was a breakthrough for her in terms of learning to accept and value herself. I felt that it was an honour to share this part of my clients journey. With another client who was directed by the Department of Child Safety to attend counselling, setting the direction for each session was more difficult. I did not believe that this woman was ready to explore some of the emotional issues related to the trauma that she had experienced as a result of long term domestic violence. I was encouraged by her regular attendance and I believe that this was a result of my increasing ability to develop rapport. I was able to develop good rapport with my clients by being non-judgemental, using open ended questions and appropriate body language. I believe that my skill in developing rapport is reflected by the feedback and regular attendance to counselling sessions by my clients. I did struggle with ending the sessions on time and frequently found that sessions with some clients were running over 1.5 hours long. I spoke with some of the other workers at the service about this and they agreed that it could be difficult especially when women are exploring very painful issues and that it was important to be sensitive but direct when closing a counselling session. The group supervision times that I was included in at IWCADV were also very rewarding and inspiring times for me. The other workers at the service were all very passionate women with a strong commitment to empowering women and changing community attitudes about violence towards women. During group supervision there was opportunity and support for workers to reflect on their own feelings of despair and helplessness, and there was encouragement to extend and share your knowledge and understanding of the issues relating to domestic and family violence. The group times were also very rewarding team building occasions and there is a strong commitment at the service to supporting one another. For example, I found that after long phone calls or after a counselling session, another worker would check-in with me to provide any support and to answer any questions that I had.

Jane Eyre :: essays research papers

  Ã‚  Ã‚  Ã‚  Ã‚  Jane Eyre is about a young orphan being raised by Mrs. Reed, her cruel aunt. One day as punishment for fighting with her bullying cousin John, Jane’s aunt locked her in the room in which her Uncle Reed had died. While there Jane scares herself into believing that she sees her uncles ghost, screams and faints. When She wakes, She finds herself in the care of the apothecary Mr. Lloyd. He suggested to Mrs. Reed that Jane be sent away to school.   Ã‚  Ã‚  Ã‚  Ã‚   The school’s headmaster, Mr. Brocklehurst was a cruel, hypocritical man. He would preach of poverty to his students but steal from the schools funds to support a lavish lifestyle for his own family. A massive typhus epidemic sweeps Lowood, and many, including Jane’s friend Helen died of consumption. The epidemic also results in the departure of Mr. Brocklehurst by attracting attention to the dangerous conditions at Lowood. Jane the stays on at the school for many more years.   Ã‚  Ã‚  Ã‚  Ã‚  She accepts a governess position at a manor called Thornfield, where she is to teaches a little French girl named Adà ¨le. Jane’s employer at Thornfield is Rochester, with whom Jane starts finding herself secretly falling secretly in love with. She saves Rochester from a fire one night, which he claims was started by a drunken servant , but seeing as how the servant continues to work at Thornfield, Jane doesn’t believe that she’s been told the whole story.   Ã‚  Ã‚  Ã‚  Ã‚  Rochester proposes to Jane, who accepts almost disbelievingly. The wedding day arrives, and as Jane and Mr. Rochester prepare to exchange their vows, the voice of Mr. Mason cries out that Rochester already has a wife. Mason introduces himself as the brother of that wife—a woman named Bertha. Rochester does not deny Mason’s claims, but he explains that Bertha has gone mad. He takes the wedding party back to Thornfield, where they witness the insane Bertha scurrying around on all fours and growling like an animal. Rochester keeps Bertha hidden on the third story of Thornfield and pays Grace Poole to keep his wife under control. Bertha was the real cause of the mysterious fire earlier in the story. Knowing that it is impossible for her to be with Rochester, Jane leaves.   Ã‚  Ã‚  Ã‚  Ã‚  Penniless and hungry, Jane is forced to sleep outdoors and beg for food. Finally, three siblings who live in a manor alternatively called Marsh End and Moor House take her in.

Free Essay on John Steinbecks Cannery Row :: Cannery Row Essays

Cannery Row Cannery Row by John Steinbeck is a post World War I piece written with a mixture of humor and sadness about the lives of the residents of Cannery Row, a street in Monterey California. The story opens in a messy grocery store run by a Chinese man named Lee Chong. The one room store is described like so "while not a model of neatness, was a miracle of supply... clothes, food, both fresh and canned, liquor, tobacco, fishing equipment, machinery, boats, cordage, caps, pork chops, slippers, and a silk kimono" and last but certainly not least whiskey, could all be purchased. All of the whiskeys had names like "Old" Tennessee and were at least four months old. Our casts of characters have nicknamed the cheapest whiskey "Old Tennis Shoe". Lee Chong is a good man who has the respect of the town. He manages to be respected by the entire town, while most of the town was in his financial debt. Debt would rise for many people who shopped at Lee's, because he would trust co nsumers "until further trust would be ridiculous". From this beginning comes a cast of characters long and detailed, making the book and the street come alive. Turning to the next page was not a chore but a leap into another person's woes and prospers. We meet men like Horace Abbeville who's summarized tale is one that begins with debt, which Horace pays off with a shack he owned that housed fishmeal. After Lee Chong agreed to this arrangement, Mr. Abbeville sauntered up the long trails to this shack and shot him self in the head, leaving his wife and children sad and confused. Lee had not pressured Horace for payment he had only suspended Horace's credit. Lee felt badly about Horace's suicide and always watched out for Horace's family. Lee's new ownership of Horace's shack leads us to the introduction of Mack and the boys. Mack twists Lee's arm to allow them to stay in the fishmeal shack now called the Palace Flophouse and Grill. Mack and the boys are men who very well could go off and do something with themselves. Instead, Mack and the boys would sit around drinking Old Tennis Shoe, getting into trouble whenever possible.