Free Essays on Red Mocassins

The Power of a Mother’s Love In the story â€Å"Red Mocassins† by Susan Power, she tries to get her readers to feel a certain way about specific characters in her story. The story pushes me to be annoyed with Joyce, and genuinely like Anna. Power portrays Joyce to be lazy, inconsiderate, selfish and, most importantly, a bad mother. The complete opposite of this is her cousin, Anna, who is loving, generous and nurturing. Several places in the text demonstrate the qualities of each of these two women. Because of this evidence in the text, it is obvious that this author wants me not to like Joyce, and feel compassion towards Anna. Power makes Joyce look like a bad mother right from the beginning of the story. Joyce is portrayed not to be â€Å"mother material† because Anna, her cousin, is the one working on Bernardine’s first Sioux costume. Power says in the text that â€Å"Ordinarily a mother would do this, but Dina’s was the next thing to useless. Joyce Blue Kettle had never gotten close enough to a needle to stick herself, let alone sew a costume† (409). A reader already looks at Joyce in a negative way because she should have been the one fulfilling this important tradition for her only daughter. Joyce is obviously jealous of her cousin Anna. Anna recalls stories of their childhood and how obnoxious Joyce was towards her. Joyce’s husband, Clifford, loved Anna, not Joyce, but Joyce soon changed that. Clifford bought Anna many little gifts when they were children. One time Clifford brought Anna a glass eye, and â€Å"It was too much for Joyce. She intercepted the gift, snatched it from the palm of my hand as I studied the green iris. She took Clifford over the same way, ordering him around, demanding his attention, and because I did not love Clifford, I let her keep him†(410). Joyce wanted everything Anna had, and again is portrayed to be someone I would dislike. However, in that particular instance someone coul... Free Essays on Red Mocassins Free Essays on Red Mocassins The Power of a Mother’s Love In the story â€Å"Red Mocassins† by Susan Power, she tries to get her readers to feel a certain way about specific characters in her story. The story pushes me to be annoyed with Joyce, and genuinely like Anna. Power portrays Joyce to be lazy, inconsiderate, selfish and, most importantly, a bad mother. The complete opposite of this is her cousin, Anna, who is loving, generous and nurturing. Several places in the text demonstrate the qualities of each of these two women. Because of this evidence in the text, it is obvious that this author wants me not to like Joyce, and feel compassion towards Anna. Power makes Joyce look like a bad mother right from the beginning of the story. Joyce is portrayed not to be â€Å"mother material† because Anna, her cousin, is the one working on Bernardine’s first Sioux costume. Power says in the text that â€Å"Ordinarily a mother would do this, but Dina’s was the next thing to useless. Joyce Blue Kettle had never gotten close enough to a needle to stick herself, let alone sew a costume† (409). A reader already looks at Joyce in a negative way because she should have been the one fulfilling this important tradition for her only daughter. Joyce is obviously jealous of her cousin Anna. Anna recalls stories of their childhood and how obnoxious Joyce was towards her. Joyce’s husband, Clifford, loved Anna, not Joyce, but Joyce soon changed that. Clifford bought Anna many little gifts when they were children. One time Clifford brought Anna a glass eye, and â€Å"It was too much for Joyce. She intercepted the gift, snatched it from the palm of my hand as I studied the green iris. She took Clifford over the same way, ordering him around, demanding his attention, and because I did not love Clifford, I let her keep him†(410). Joyce wanted everything Anna had, and again is portrayed to be someone I would dislike. However, in that particular instance someone coul... Free Essays on Red Mocassins The Power of a Mother’s Love In the story â€Å"Red Mocassins† by Susan Power, she tries to get her readers to feel a certain way about specific characters in her story. The story pushes me to be annoyed with Joyce, and genuinely like Anna. Power portrays Joyce to be lazy, inconsiderate, selfish and, most importantly, a bad mother. The complete opposite of this is her cousin, Anna, who is loving, generous and nurturing. Several places in the text demonstrate the qualities of each of these two women. Because of this evidence in the text, it is obvious that this author wants me not to like Joyce, and feel compassion towards Anna. Power makes Joyce look like a bad mother right from the beginning of the story. Joyce is portrayed not to be â€Å"mother material† because Anna, her cousin, is the one working on Bernardine’s first Sioux costume. Power says in the text that â€Å"Ordinarily a mother would do this, but Dina’s was the next thing to useless. Joyce Blue Kettle had never gotten close enough to a needle to stick herself, let alone sew a costume† (409). A reader already looks at Joyce in a negative way because she should have been the one fulfilling this important tradition for her only daughter. Joyce is obviously jealous of her cousin Anna. Anna recalls stories of their childhood and how obnoxious Joyce was towards her. Joyce’s husband, Clifford, loved Anna, not Joyce, but Joyce soon changed that. Clifford bought Anna many little gifts when they were children. One time Clifford brought Anna a glass eye, and â€Å"It was too much for Joyce. She intercepted the gift, snatched it from the palm of my hand as I studied the green iris. She took Clifford over the same way, ordering him around, demanding his attention, and because I did not love Clifford, I let her keep him†(410). Joyce wanted everything Anna had, and again is portrayed to be someone I would dislike. However, in that particular instance someone coul...

The Definition of a Dermal Denticle

The Definition of a Dermal Denticle Dermal denticles (placoid scales) are tough scales that cover the skin of elasmobranchs (sharks and rays). Even though denticles are similar to scales, they are actually just modified teeth and are covered with hard enamel. These structures are packed tightly together and grow with their tips facing backward, giving the skin a rough feel if you run your finger from tail to head, and a smooth feel from head to tail. What Dermal Denticles Do The main function of these denticles is for protection against predators, kind of like a naturally occurring  chainmail armor, although in some sharks they have a hydrodynamic function. The denticles reduce turbulence and drag which allows the shark to swim faster and covertly. Some swimsuit manufacturers are trying to replicate sharks denticles in swimsuit material in order to help swimmers cut through the water faster.   Like our teeth, dermal denticles have an inner core of pulp (made up of connective tissues, blood vessels, and nerves), covered by a layer of dentine (hard calcareous material). This is covered with an enamel-like vitrodentine, which provides a hard outer casing. While scales in bony fish grow as the fish gets large, dermal denticles stop growing after they reach a certain size. More denticles are added later as the fish grows.

Portfolio management Essay Example | Topics and Well Written Essays - 2000 words

Portfolio management - Essay Example Categorisation involves grouping potential components in to categories in order to facilitate further decision making. Usually, categories link their components with a common set of strategic goals. In this first step of implementing, it is important to establish what is going to be managed and as such, it is necessary to have an overview   of the extent and variety of potential and available work   and how it maps in to the organisations overall strategy. It is important at this stage to have to be aware of the extent and size of your mandate. This is the stage where one decides the terms, scope and defines the portfolio as well as gaining agreement on the basic portfolio model (Reilly & Brown, 2012). This is where on defines information such as: departments that are going to be covered, the category of work included for example whether the portfolio includes operations or projects, the categorization scheme which aids in balancing the portfolio in areas of importance to allow o ptimization of the overall allocation of resources.   For example, categories may include work that supports the business or grows the business. Work can also be categorised as high, medium or low risk. It is important that for every categorisation defined, some guidelines are set for how work should be balanced. Make sure that projects that are chosen are aligned to the goals and strategies of the organisation and also have the highest value. As such, understand the models that the organisation or department wants to employ.

Business decision making Assignment Example | Topics and Well Written Essays - 2000 words

Business decision making - Assignment Example Decision making process is a very significant function to any company that must attain success in the market. It stipulates the areas that the company can easily penetrate in the market without enormous incurrence on costs and any impending risks. Data collection is the approach that wills open doors for such a company to make an adequate decision from the analysis they arrive at as per the data segments (Carroll, 2008). In this paper is stipulated that data analysis is a significant faction which every company ought to adopt. The report revolves around a fashion industry selling fashion clothes, shoes, jeans and other related fashion components whose main target is the youth generation. It possesses a challenge since the youths are dynamics in their desires, this call for constant review of its products to meet the demand of its market segment. A group comprising of 20 youths is sampled from Coventry region who are interviewed on a major market trends about fashion and their take on how fashion impacts the development of new products in the market. Their involvement in the changes is the key factor that is considered (Bazerman& Moore, 2013). Decisions amount to the most significant components to business in the market regardless of its current position. For a business to start it must involve decision making processes and growing business must always apply different decisions for its growth purposes, otherwise growth and start-up will never be met. An agglomeration of factors must be taken into consideration on the particular field of the company. A company ought to ask such questions like what is my market size. What is the market trend? Who are my consumers? What is the market perception? Among other critical questions which will drive the company to undertake proper steps. Quality, quantity, location, size and other structural characteristics are influenced by the decisions made by management in a company (Teale,

Media Effects on Teenage Drinking

Media Effects on Teenage Drinking JOE: A Teenagers Struggle Stephanie Mikalatos Schools, government programs and parents working harder and harder to educate children, to just say no (Levinthal 387) [i] to drugs. But the fight is hard against millions of dollars used for alcohol and prescription drug advertisements, that are doing exactly the opposite and trying to make adolescents and adults drink, take pills and smoke. In addition there are plenty of television programs and movies that are showing drug use as being cool. Younger people then receive mixed messages do to traditional advertising, media images, movies, songs, the internet and all known social media. An important factor are the more relaxed rating of movies with scenes of actors smoking, drinking and using drugs. That is why the American Academy of Pediatrics recommends that tobacco advertising in all media will be forbidden, restrictions on alcohol advertising, avoiding general exposure to children with media associated with substances such as tobacco, alcohol, drugs, illegal drugs. They vote for more prevention and more class media education. In the media example the teenager started talking about alcohol when he was thirteen years old. He wanted to try it out of curiosity and to buy alcohol as a minor is relatively easy in other countries. It became a trend to go out with friends and drinking very fast. He started drinking beer and cheap drinks at first, but eventually developed a taste for better and purer alcohol. By the age of fourteen he drank alcohol regularly and until he passed out. This however did not prevent him from drinking every night, but was able to keep his parents in the dark about it. From this point on he started with alcohol, progressed to the use of marijuana and lastly to LSD and cocaine. This stands in total opposite about that view new media ads give us about alcohol. In the words of a major 2005 study analyzing the lifestyles of eight- to eighteen-year-olds, young people today live â€Å"media-saturated lives, spending an average six to eight hours a day with media.†[ii] (Levinthal 391) The in study called Generation M (for Media), spends the time of a full time job with new media. [iii]The new medias providing teenager with a multitude of entertaining such as reading (eBooks with tablets), listening to music, text messaging and chatting online with friends, watching TV, movies, live stream YouTube and similar WebPages. Parents are not able anymore to control their childrens media access, because of missing knowledge or just unrestricted access in the teens own four walls. Alcohol is still the number one drug on American television and statistically every fourteen minutes some type of alcohol can be seen in selected programs. The results of multiple studies show that alcohol is constantly and visually present everywhere, but is rarely addressed explicitly. [iv]Especially the trivialized representations of alcohol in the environment of sports programs, drinking with girls in sexy outfits or music events; and in conjunction with humor makes it hard for the consumer to see the dangers of its use. Surveys showed that almost all young people have experiences with alcohol of some sorts. Alcohol plays a huge role from the perspective of young people, especially at parties and being together with friends; it creates fun and contributes to a better mood. On television the youth using alcohol especially in youth series, in advertising and in feature films. Overall, it was found that a media education project could contribute to raising awareness of alcohol issue s such as excessive consumption of alcohol can lead to aggression and destroy friendships. Presented in a new media form the understanding of the dangers of alcohol (or any other drug) would be made easier for the adolescent media user. Children learn early to know alcohol by watching adults drink before them on festive occasions or even every day in their home environment. This makes it much easier to even try in opposite to what the AAP article is saying. One can get to alcohol or easily as a survey explained, 81% of the youth surveyed knew that alcohol is present in their household.[v] Alcohol drinking is in: When teenagers drink alcohol, they are recognized by their peers or elders. The young people do not want to stand back in the group. If in a group where everyone drinks and most are older, teenagers do not want to stand back. That is how to become more recognized. Alcohol lifts the mood, for example at a party or in society. Thinking about problems is getting less and after more drug use even forget the everyday life. The adult the young person sees having a drink in movies, commercials, at home in the internet and so on is often to be imitated. Since some adult stand as a models, like actors, musician, athl etes the young people usually think nothing of it. They do not know the far-reaching the consequences can become. Here too can be seen that real life examples can be as bad as examples, as the ones in the media which I think is missing in the article. 5% of young people drinking too much alcohol and are at risk. 15% percent, however, never drink alcohol. The alcoholic beverage no. one is beer. Wine and spirits are less in demand. In general, alcohol is considered normal. Who does not drink, is considered a nerd, an outsider, teens in peer pressure are forced to drink. A study shows for the years 2009 to 2014 shows, 86 adult directed popular musical performances with alcohol on average on each average day on music channels like MTV or VHS.[vi] Advertising/ showing of alcohol like beer, demonstrates such a fun time in ones life, attractive, successful teen pictures. Since 1960, the TV advertising market for beer, wine, liquor grew, and the ads are often to see at primetime TV. 1000-2000 alcohol ads are annually shown during performances, series and reality shows for young people, plus sports broadcasts. In all these examples not one public service announcement (PSA) on the advertising of alcohol was to be attached. The trend of new sweet spirits and mix drinks that are containing more alcohol then beer went up in advertisement. 20% more liquor advertising on TV and 92% more magazine pages.[vii] New technologies for the Internet, social networking sites and even mobile phones offer even more exposure. The so-called war on drugs has been going on in the film industry, and smoking is often totally banned. But a large number of film scenes are still showing alcohol with healthy adults and in many places. Together with the media and early education, the support to encourage children and young people to live alcohol free. Laws and regulation can be done to eliminate displays of happy drunks in social media. [viii] Joe says in opposite to most research, that teens have a hard time avoiding drugs because they are so easy to come by and are often supplied by close friends. In school there are so many kids that sell stuff and a lot of times they are friends as well. The stereotypical drug pusher whom kids are warned about is the exception. Children are getting taught that somebody who sells drugs is, like, some filthy, grungy guy in a parka, but more often first exposures to drugs was through close friends, sometimes even immediate family. Joe thinks that it is a mistake for a lot of anti-drug campaigns geared to teens, to portray drug dealers looking like demons. Most of the kids that do a lot of the heavy drugs and booze are just as regular and probably quite pleasing to look at for regular people. Regarding the seventeen points of advocacy and guidance through pediatricians there are indeed some of the points that can be used. Pediatricians can raise awareness with the parents of a teenager by asking questions about the media usage and the location of the teens TV and computer like in point one. But knowing that teens are much more tech savvy then their parents one can assume that they will trick their way through with using a gaming platform or their phone. Some of the other points seem to be to say the least- unrealistic. Parents will not change their daily life around to pre-view movies with their kids. They will not switch off the TV during the meals. They have even movies running when they are for ten minutes with their kids in the car so they do not need to talk to them. Of course the entertainment industry should show more sensibility and responsibility. Congress needs to come up with new laws and regulations about advertisements regarding medications, alcohol and tobacco. As logical consequence there should be more funding for early education and commercials against drinking and smoking, like we can see in the campaigns against texting and driving for example. But even though all these things are factors that increase the risks of kids getting lured into drug use- the biggest of all responsibility still lays with the closest family and friends. Remembering the prohibition area, having alcohol as I totally illegal substance did not show to be really successful. This approach only added more crime, [1]secrets and home-made booze that was quite dangerous sometimes because it was even stronger. In conclusion one really would think that just a general better education and more own responsibility for every citizen can make a difference. References American Academy of Pediatrics, Committee on Communications. Children, adolescents, and advertising [published correction appears in Pediatrics.2007;119(2):424]. Pediatrics.2006;118(6):2563–2569 BorzekowskiDLG,StrasburgerVC.Tobacco, alcohol, and drug exposure. In CalvertS,WilsonBJ, eds.Handbook of Children and the Media.Boston, MA: Blackwell;2008:432–452. StrasburgerVC. Center on Alcohol Marketing and Youth:Clicking With Kids: Alcohol Marketing and Youth on the Internet.Washington, DC:Center on Alcohol Marketing and Youth;2004 Firshein, Janet. PBS. Thirteen. Moyers on Addiction. Close to home.  © 2009 Real-Life Stories. JOE: A Teenagers Struggle. http://www.thirteen.org/closetohome/stories/html/joe.html HornikR,JacobsohnL,OrwinR,PiesseAN,KaltonG.Effects of the National Youth Anti-Drug Media Campaign on youths.Am J Public Health.2008;98(12):2229–2236 Levinthal, Charles F. Drugs, Behavior, and Modern Society, 7th Edition. Pearson Learning Solutions, 12/2010. VitalBook file Mayo Clinic Staff. Underage drinking: Talking to your teen about alcohol.  © 1998-2014 Mayo Foundation for Medical Education and Research. http://www.mayoclinic.org/healthy-living/tween-and-teen-health/in-depth/teen-drinking/art- MorenoMA,BrinerLR,WilliamsA,WalkerL,ChristakisDA.Real use or â€Å"real cool†: adolescents speak out about displayed alcohol references on social networking websites.J Adolesc Health.2009;45(4):420–422 Nemours. Teen Health. Alcohol.  © 1995-2014 The Nemour Foundation. http://kidshealth.org/teen/drug_alcohol/alcohol/alcohol.html [1]Levinthal, Charles F. Drugs, Behavior, and Modern Society, 7th Edition. Pearson Learning Solutions, 12/2010. [i] Levinthal, Charles F. Drugs, Behavior, and Modern Society, 7th Edition. Pearson Learning Solutions, 12/2010. VitalBook file. [ii] Levinthal, Charles F. Drugs, Behavior, and Modern Society, 7th Edition. Pearson Learning Solutions, 12/2010. VitalBook file. [iii] Center on Alcohol Marketing and Youth:Clicking With Kids: Alcohol Marketing and Youth on the Internet.Washington, DC:Center on Alcohol Marketing and Youth;2004 [iv] Nemours. Teen Health. Alcohol.  © 1995-2014 The Nemour Foundation. http://kidshealth.org/teen/drug_alcohol/alcohol/alcohol.html [v] HornikR,JacobsohnL,OrwinR,PiesseAN,KaltonG.Effects of the National Youth Anti- Drug Media Campaign on youths.Am J Public Health.2008;98(12):2229–2236 [vi] American Academy of Pediatrics, Committee on Communications. Children, adolescents, and advertising [published correction appears in Pediatrics.2007;119(2):424]. Pediatrics.2006; [vii] American Academy of Pediatrics, Committee on Communications. Children, adolescents, and advertising [published correction appears in Pediatrics.2007;119(2):424]. Pediatrics.2006; [viii] MorenoMA,BrinerLR,WilliamsA,WalkerL,ChristakisDA.Real use or â€Å"real cool†: adolescents speak out about displayed alcohol references on social networking websites.J Adolesc Health.2009;45

Blaine Case

Executive Summary: In summary, recommendation by the banker to buy back 14 million outstanding shares of Blaine Kitchenware with $ 50 million debt and $209 million cash in hand would result in following financial metric changes: * Increase the value of the firm through the benefit of tax shield from current $960million to $1. 063billion. * The offer results in 3% increase in EPS from $0. 91 to $0. 93 based on 2006 financial numbers. * An increase of 7. 3% on ROE from 11% to 18. 3% based on 2006 financial numbers. * After adjustment, share prices will be $18. 0. Proposed Buy-Back Plan Analysis:Although Blaine’s current financial situation is sound with no debt, its current balance sheet is under levered and over liquid compare to its peers. The current financial structure earns little return on the short-term assets while does not allow the firm to benefit from any debt interest tax shield. The proposed capital structure will benefit the company by levering its balance sheet. I t will provide an interest tax shield for the income thus increasing the value of the firm for the shareholders. Because interest on debt is a tax-deductible expense, taking on debt will effectively lower the taxable income allowing the firm to pay less tax.The current large cash and short-term marketable securities on the balance sheet make Blaine an attractive target for a take-over. The large cash on balance sheet could effectively be used as a collateral to finance a take-over or merger of Blaine. Such characteristics attract private equity firms in which can utilize the over-liquid situation to their advantage. The current mature nature of business also requires a levered capital structure. A firm in this situation should not follow a pecking order, as it would hold down the value of the firm while making it attractive for a take-over or merger.Less cash in balance sheet also reduces agency cost by forcing managers to invest only in opportunities that are aligned with sharehold ers vision and interest therefore reducing wasteful investments not benefiting shareholders. As for the future acquisitions, Blaine can either use debt or issue stocks when appropriate. Furthermore the proposed share buy-back will give more control to family investors. Since initial IPO and previous acquisitions has diluted the shares, family control in Blaine has been on decline and a source of concern.The proposed share buy-back will return more control into family shareholder hands further solidifying their support for the new capital structure. The repurchase offer would affect both income statement and balance sheet of the firm. In the balance sheet debt is increased by $50 million, cash is reduced by $209 million while equity is reduced by $259 million. The remaining cash can be used to fund seasonal peak operation in combination with additional short-term debt should it be needed. Our EPS will increase by 3% to $0. 93 from current $0. 91 and our ROE will see a large increase from 11% to 18. % further bringing Blaine closer to its competitors. The result of additional debt in the balance sheet will increase the value of the firm from current $960million to $1. 063billion while adjusted share prices will rise to $18. The increase in share value is due to increase in the value of the firm from $960million to $1. 06billion because of levering up the firm since value of any levered firm is its unlevered value plus its tax rate multiplied by its interest bearing debt. The $18. 50 offer holds a premium over adjusted future share price of $18 therefore making the proposed capital structure attractive to shareholders.The debt to equity ratio of 2. 5% is still conservative and aligned with the vision of the company not to over utilize debt in its capital structure. Furthermore the increase in Enterprise Value to EBITDA ratio from 9. 9% to 14. 8% will make the firm more costly to be acquired thus less attractive for a take-over. A dividend policy in place of the s tock repurchase will not provide the same value for the company and its shareholders. Dividends are subjected to higher tax rate compare to capital gain increased due to share buy-back.This discourages shareholders from desire to receive high dividends in place of higher capital gain as share values increase. A comparison is made below between the proposed capital structure and dividend policy. | Share buyback| One-time special cash dividends| Pros| Increase EPS/ROE, pos. sign of future earnings, Lower tax rate compare to div policy| Happy shareholders, positive sign of future earnings, | Cons| Limiting liquidity, opportunity cost | Limiting liquidity, opportunity cost, higher tax rate compare to capital gain policy| Share outstanding| Decrease| No change|EPS| Increase| No change| ROE| Increase| Increase| In summary we recommend the share buy-back plan, as it will increase the value of the firm, shield part of income from taxes, increase return on equity and lowers agency cost. The increase in value of the firm and lower cash in hand also makes the firm less attractive target of a take-over. Supporting Material: Case Exhibit 1 Income Statement| | | | | | With Repurchase Option| | Â  | Â  | Â  | Â  | Â  | Â  | Â  | | |Operating Results:| | | 2004 | 2005 | 2006 | 2006 | | Revenue| | | | 291,940 | 307,964 | 342,251 | 342,251 | | Less: Cost of Goods Sold| | | 204,265 | 220,234 | 249,794 | 249,794 | | Gross Profit| | | 87,676 | 87,731 | 92,458 | 92,458 | | Less: Selling, General & Administrative| 25,293 | 27,049 | 28,512 | 28,512 | | Operating Income| | | 62,383 | 60,682 | 63,946 | 63,946 | | Plus: Depreciation & Amortization| | 6,987 | 8,213 | 9,914 | 9,914 | | EBITDA| | | | 69,370 | 68,895 | 73,860 | 73,860 | | Â  | | | | | | Â  | Â  | |EBIT| | | | 62,383 | 60,682 | 63,946 | 63,946 | | Plus: Other Income (expense)| | 15,719 | 16,057 | 13,506 | 0 | No marketable security income| Less Interest| | | 0 | 0 | 0 | 3,375 | Tax shield amount| Earnings Before Ta x| | | 78,101 | 76,738 | 77,451 | 60,571 | | Less: Taxes| | | 24,989 | 24,303 | 23,821 | 18,629 | | Net Income| | | 53,112 | 52,435 | 53,630 | 41,942 | | Dividends| | | | 18,589 | 22,871 | 28,345 | 22,167 | Assume same 53% div policy| Â  | | | | | | Â  | Â  | | | | | | | | Â  | Â  | | Margins:| Â  | |Revenue Growth| | | 3. 2%| 5. 5%| 11. 1%| 0. 0%| | Gross Margin| | | 30. 0%| 28. 5%| 27. 0%| 27. 0%| | EBIT Margin| | | 21. 4%| 19. 7%| 18. 7%| 18. 7%| | EBITDA Margin| | | 23. 8%| 22. 4%| 21. 6%| 21. 6%| | Effective Tax Rate (1)| | | 32. 0%| 31. 7%| 30. 8%| 30. 8%| | Net Income Margin| | | 18. 2%| 17. 0%| 15. 7%| 12. 3%| | Dividend payout ratio| Â  | Â  | 35. 0%| 43. 6%| 52. 9%| 52. 9%| | Case Exhibit 2 Balance Sheet| | | | | | With Repurchase Option| Â  | Â  | Â  | Â  | Â  | Â  | Â  | | Assets:| | | | 2004 | 2005 | 2006 | 2006 |Cash & Cash Equivalents| | | 67,391 | 70,853 | 66,557 | 21,866 | Marketable Securities| | | 218,403 | 196,763 | 164,309 | 0 | Accounts Receivabl e| | | 40,709 | 43,235 | 48,780 | 48,780 | Inventory| | | | 47,262 | 49,728 | 54,874 | 54,874 | Other Current Assets| | | 2,586 | 3,871 | 5,157 | 5,157 | Total Current Assets| | | 376,351 | 364,449 | 339,678 | 130,678 | Â  | | | | | | Â  | Â  | Property, Plant & Equipment| | 99,402 | 138,546 | 174,321 | 174,321 | Goodwill| | | | 8,134 | 20,439 | 38,281 | 38,281 |Other Assets| | | 13,331 | 27,394 | 39,973 | 39,973 | Total Assets| | | 497,217 | 550,829 | 592,253 | 383,253 | Â  | | | | | | Â  | Â  | Liabilities & Shareholders' Equity:| | | | Â  | Â  | Accounts Payable| | | 26,106 | 28,589 | 31,936 | 31,936 | Accrued Liabilities| | | 22,605 | 24,921 | 27,761 | 27,761 | Taxes Payable| | | 14,225 | 17,196 | 16,884 | 16,884 | Total Current Liabilities| | | 62,935 | 70,705 | 76,581 | 76,581 | Other liabilities| | | 1,794 | 3,151 | 4,814 | 4,814 | debt| | | | 0 | 0 | 0 | 50,000 |Deferred Taxes| | | 15,111 | 18,434 | 22,495 | 22,495 | Total Liabilities | | | 79,840 | 92,290 | 103,890 | 153,890 | Shareholders' Equity| | | 417,377 | 458,538 | 488,363 | 229,363 | Total Liabilities & Shareholders' Equity| 497,217 | 550,829 | 592,253 | 383,253 | Â  | Â  | Â  | Â  | Â  | Â  | Â  | Â  | EPS | Â  | Per Outstanding Shares of| Before| $0. 908 | 59,052,083 | After| $0. 931 | 45,052,083 | Improvement| 2. 51%| | ROE| Â  | @ Book Equity| Before| 10. 98%| $488,363 | After| 18. 9%| $229,363 | Equity Value| Â  | Vu| $959,596 | VL| $1,063,196 | New Share Prices| $18. 00 | Case Exhibit 3 – Peer Comparison | Home ; Hearth Design| AutoTech Appliances| XQL Corp. | Bunkerhill, Inc. | EasyLiving Systems| | Blaine Kitchenware| Blaine Kitchenware After Repurchase| | | | | | | Â  | | | Revenue| $589,747| $18,080,000| $4,313,300| $3,671,100| $188,955| | $342,251| 342251. 25| EBIT| 106,763 | 2,505,200 | 721,297 | 566,099 | 19,613 | | 63,946 | 63945. 5| EBITDA| 119,190 | 3,055,200 | 796,497 | 610,399 | 23,356 | | 73,860 | 73,860 | Net income| $53,698| $1,416,012| $412,307| $335,073| $13,173| Â  | $53,630| 41941. 55799| | | | | | | | | | Cash ; securities| $21,495| $536,099| $21,425| $153,680| $242,102| | $230,866| 21,866 | Net working capital*| 54,316 | 1,247,520 | 353,691 | 334,804 | 21,220 | | 32,231 | – | Net fixed assets| 900,803 | 7,463,564 | 3,322,837 | 815,304 | 68,788 | | 174,321 | 174,321 | Total assets| $976,613| $9,247,183| $3,697,952| $1,303,788| $332,110| Â  | $592,253| 383,253 | | | | | | | | | |Net debt (1)| $350,798 | $4,437,314 | $950,802 | $238,056 | ($64,800)| | ($230,866)| 28,134 | Total debt| 372,293 | 4,973,413 | 972,227 | 391,736 | 177,302 | | – | 50,000| Book equity| $475,377 | $3,283,000 | $2,109,400 | $804,400 | $94,919 | Â  | $488,363 | 229,363 | | | | | | | | | | Market capitalization| 776,427 | 13,978,375 | 5,290,145 | 3,962,780 | 418,749 | Â  | 959,596 | 1063196. 354| Enterprise value (MVIC)| $1,127,226 | $18,415,689 | $6,240,947 | $4,200,836 | $353,949 | Â  | $728,730 | 1,091,330 | | | | | | | | | | E quity beta| 1. 03| 1. 24| 0. 96| 0. 2| 0. 67| | 0. 56 | 0. 7| | | | | | | | | | LTM Trading Multiples| | | | | | | | | MVIC/Revenue| 1. 91x| 1. 02x| 1. 45x| 1. 14x| 1. 87x| | 2. 13x| 3. 19x| MVIC/EBIT| 10. 56x| 7. 35x| 8. 65x| 7. 42x| 18. 05x| | 11. 40x| 17. 07x| MVIC/EBITDA| 9. 46x| 6. 03x| 7. 84x| 6. 88x| 15. 15x| | 9. 87x| 14. 78x| Market/Book equity| 1. 63x| 4. 26x| 2. 51x| 4. 93x| 4. 41x| | 1. 96x| 4. 64x| | | | | | | | | | Net Debt/Equity| 45. 18%| 31. 74%| 17. 97%| 6. 01%| -15. 47%| | -24. 06%| 2. 65%| Net Debt/Enterprise Value| 31. 12%| 24. 10%| 15. 23%| 5. 67%| -18. 31%| | -31. 68%| 2. 58%|

Erased Faces By Graciela Limon - 1611 Words

Evelyn Garcia Professor Amaro Chicano Studies 29 September 2014 Erased Faces by Graciela Limon identifies three main characters in the novel; The stories of Adriana Mora, Juana Galvan, and Orlando Flores are narrated as we are taken through the lives of each character and how they surpassed their struggles and continue with their journeys; Each character surpassing struggles of their own. Adriana who suffered through out most her life, a photojournalist, comes across Juana whom expresses the need for her in being part of the movement in rising against the Mexican government, to capture the events in photos and journalism for the whole world to see. Juana, a strong, courageous, and independent woman who also went through much burden in her life comes to become a powerful leader in the Zapatista movement whom is praised by Orlando, the leader of the Lacandones. Though, Adriana and Juana become deal with their emotions in having a strong attraction towards each other, together they all ultimately move forward in the same journey. Even before the cha racters convoluted together, the themes of acceptance, race/ethnicity, equality, and isolation fixated around all three of them. It seems as though all characters at some point in their life went through a period where they felt completely isolated, as though nobody cared for them. Even though Erased Faces narrates the stories of multiple characters and the issues they faced, the character Juana exemplifies the theme of inequality,Show MoreRelatedThe Treaty Of Guadalupe Hidalgo Essay2270 Words   |  10 Pagesanother. With the intentions to make the Spanish superiority clear Mexica were demanded to abandon their native language, Nahuatl, and learn to speak Spanish. Resistance was punished. Graciela Limà ³n illustrates this in her novel Song of the Hummingbird, how the indigenous were inflicted into religion and customs. Graciela gives an example using Huitzitzilin experience in a Spanish catholic church where the Mexica compelled to pray in a language they didn’t understand or cared to learn, because if they