Oedipus Rex, Hamlet, Willy Loman Comparison Essay

â€Å"Still, the Truth Remains† An immense desire for personal satisfaction, and extraordinary reputation can often result in a sickly, perverse distortion of reality. In Sophocles’ Oedipus Rex, a man well known for his intellect and wisdom, finds himself blind to the truth of his life, and his parentage. William Shakespeare’s Hamlet also contains a character that is in search of the truth, which ultimately leads to his own demise, as well as the demise of many around him. Arthur Miller’s play, The Death of a Salesman, tells of a tragic character so wrapped up in his delusional world, that reality and illusion fuse, causing an internal explosion that leads to his downfall. Each play enacts the struggle of a man attempting to come to grips†¦show more content†¦Oedipus’ foolish decisions ultimately lead to his downfall in the play. Oedipus chooses to kill Laios. He chooses to marry Iocaste. He chooses to forcefully, and publicly, assume the mission of discovering the identity of L aios’ murderer saying ironically, â€Å"I say I take the son’s part, just as though I were his son, to press the fight for him and see it won,† (633). He proceeds on this mission and chooses to ignore the warnings of Creon, Iocaste, Teiresias, the messenger, the shepherd, and anyone who attempts to stand between him and the truth; and, he chooses to blind himself. In the end, Oedipus’ most foolish choice prevails throughout the play; the choice of illusion over reality ultimately costs him his life. Similar to the quest for truth in Oedipus’ case, so does Hamlet lead to his own decease. In the first act of William Shakespeare’s Hamlet, after Hamlet is aware of the tormented ghost of his father walking on the ramparts, he goes to witness it for himself. This immediately exemplifies the theory that Hamlet, like Oedipus, is in search of the truth, until he realizes it is too much to bear. Subsequent to seeing the apparition, he is convinced to avenge his father’s murderer. The ghost tells him, â€Å"Revenge his foul and most unnatural murder,† (29). As Hamlet lays the trap for the new King Claudius, he is procrastinating in order to solve his self-doubt. Even after the ghost tells Hamlet how his father was murdered, Hamlet has the players act

Introduction Of Trade And Ghana - 2541 Words

Introduction to Trade and Ghana There are many issues to be looked at when trying to better understand the development or underdevelopment of African countries such as Ghana. According to Todd Moss’, â€Å"African Development,† some of these issues are: economic reform and the politics of adjustment, the international aid system, debt burdens and debt relief, poverty, human development, and HIV/AIDS, the African Union and regional institutions, Africa and world trade, and private investment and the business environment (Moss 2007). One of the main issues that will be looked into is the interaction of Ghana and World Trade. Some themes that need to be discussed when talking about trade are geography, leadership, and institutions. These themes all play a huge part in how a country handles the resources or products they have and whether or not they effectively get them to the world trade market. Ghana is ahead of most other African countries in these categories. They are moving forward and using th e resources they have been blessed with to continue to grow and develop their country. Factors Affecting Countries Ability to Develop Geography, leadership and institutions are all taken into consideration when looking in depth at a specific country and how it has developed or not developed. The geography of a country is the key ingredient in what they can produce and then export for a profit. For instance if the geography of a country is very fertile it may produce crops for foodShow MoreRelatedThe Trans Saharan Trade Routes1573 Words   |  7 Pageslate sixteenth century, one trade route entranced everyone involved from the Mediterranean to the Africa’s. The Trans – Saharan Trade was an important trade route that ran across the Sahara between the Mediterranean countries and West Africa. In the beginning stages of the Trans- Saharan trade many small trade routes were being used throughout the period. this is because travelling across the Sahara before the domestication of the camel was difficult. The Trans-Saharan trade route did more than attractRead MoreThe Centralized States of West Africa1573 Words   |  6 PagesStates Introduction The great centralized states of West Africa constitute some of Africas most glorious empires. These states arose in the savannah as well as the forest, but always used the same basic model. For over a millennium, these states dominated the core of West Africa and the lucrative gold trade, making use of trade connections with its Islamic neighbors to the east. Thesis: Each of the major centralized powers of the region developed through their control of trans-Saharan trade inRead MoreAnalysis of Dambisa Moyo ´s Dead Aid: Why Aid Is Not Working and How There Is a Better Way for Africa678 Words   |  3 PagesMoyo offers four sustainable sources of funding which will allow Africa to flourish: free trade in agricultural goods, the encouragement of financial intermediation, large scale of foreign direct investments, and access to international capital markets (9). By reducing restrictions on trade there are no tariffs for imports, or subsidies for exports as well as no quotas, this would allow for mutual gains from trade of goods and services from both partners. (1). The book asks that the US, EU and JapanRead MoreEffects Of Foreign Direct Investment On Economic Growth1211 Words   |  5 PagesKatherine Schmeiser International Trade 17th October, 2015 Effects of Foreign Direct Investment on Economic Growth in Ghana Abstract It has been widely believed that Foreign Direct Investment (FDI) assists developing countries with the much-needed capital for economic growth. Part of the foreign direct investment is the inflow of up to date technology and management skills. In this paper, I will investigate to what extent foreign direct investment inflows into Ghana affects the nation s EconomicRead MoreA Brief Note On Trans Saharan Trade System1521 Words   |  7 PagesLong-Distant trade was a big contributor to premodern societies thriving during this time period because it allowed foodstuffs and commodities to regional cuisines that were thousands of miles away from their points of origin. The trade network along the Indian Ocean was essential for many societies during the premodern period, such as large societies in China, southwest Asia, and also Mediterranean basin. The Indian Ocean was a very big part of these societies because it provided many advantagesRead Morenestle in ghana1018 Words   |  5 PagesG SM5200 MARKETING MANAGEMENT - GROUP STUDY Nestlà © (Ghana) Ltd. â€Å"An Analysis on Situation and Marketing Strategy Proposal to Maintain Brand Equity and Expand Brand Penetration of Nestle Products in Ghana, West Africa† â€Å"How to effectively expand market in least developing countries† is the major issue found in the case. This consists of derived issues faced by the company which can be correlated with marketing studies. By The American Marketing Association, marketing is defined as the activityRead MoreAid is not the Way to Development1427 Words   |  6 Pages Trade, not aid, is the key to economic growth in developing countries. To what extent do you agree with this statement? Introduction Most of the developing countries are mired deeply in economical obstacles, which prevent them from development significantly. In order to overcome those embarrassments world’s society struggles to find the efficient solution for poor countries’ economies. Historically, developed countries undertook policy of giving aid to their coloniesRead MoreImf Structural Adjustment Programs in Africa1070 Words   |  5 PagesIMF STRUCTURAL ADJUSTMENT PROGRAMS IN AFRICA INTRODUCTION Beginning in 1980, the International monetary Fund (IMF) started to impose Structural Adjustment Programs (SAP) on African debtor nations. SAP’s have been imposed on 36 African Sub-Saharan countries under the assumption that neo-liberal reforms lead to economic growth and an increased standard of living. For that reason, focus was put on macroeconomic policies with the open market based approach. SAP’s generally mandated: -the removalRead MoreInvestigating And Writing About The Ashanti People1116 Words   |  5 PagesFor my research paper, I am going to be investigating and writing about the Ashanti people. The Ashanti people inhabit what is today Ghana, West Africa, with their capital city being Kumasi. I am interested in this subject because I spent four weeks of this summer in Ghana. While I spent most of my time with the Fante people on the coast, we toured Manhyia Palace in Kumasi and I was instantly intrigued by the Ashanti culture. I also personally know an Ashanti that has moved to the United States,Read MoreGhan A Global Village, Every Country Has Its Own Currency1611 Words   |  7 Pages1.0 INTRODUCTION 1.1 Background Study Though the world now is a global village, every country has its own currency. In Ghana the currency used is the Ghanaian cedi. There are several Ghana cedi exchange rates but the GHS to USD rate is the most sought-after. The currency symbol and code for the cedi are GHC and GHS respectively. The faring of the exchange rate has a great influence on economic growth and businesses in the country. Over the previous couple of decades, various specialists and academicians

Does Science Explain All Essay Example For Students

Does Science Explain All? Essay Does Science Explain All?In the beginning there was darkness. Then there was light. Then therewas consciousness. Then there were questions and then there was religion. Religions sprouted up all over the world as a response to some of humanitysmost troubling questions and fears. Why are we here? Where do we come from?Why does the world and nature act as it does? What happens when you die?Religions tended to answer all these questions with stories of gods andgoddesses and other supernatural forces that were beyond the understanding ofhumans. Magic, in its essence, were the powers wielded by these superiorbeings that caused the unexplainable to happen. Fast forward a few thousand years to the present. In our age and timethere is little left unexplained. Science seems able to explain everything withmathematical logic and concrete evidence right before our very eyes. Thesubject of science is taught in almost every school on Earth. Gone are the daysof magic and wonder. The magic of so-called magicians like David Copperfieldare a jest. When people attend a magic show everyone looks for the invisiblewires and hidden projectors. No one really believes the magician hassupernatural powers, except for maybe a handful of children in the audience whostill have faith in Santa Clause. Science does seem to explain all. It has enabled humans to fly, cureincurable diseases, explore the depths of the oceans, stave off death, walk onthe moon and wipe out entire civilizations with the push of a button. It isbecoming more and more widespread in that people are putting their faith inscience above that in the gods. What parent wouldnt rather bring their sickchild to a doctor than have faith in the healing power of some mystical entitythat may or may not exist. However strong and almost perfect the view of science is in todayssociety it cannot and does not cover the entire spectrum of the human experience. Nor does it explain some of the striking similarities present in the variousreligions of Earth. These similarities occur in civilizations not only far fromeach other but also in cultures separated by seemingly impossible to traverseoceans of water. Many of these similarities occur in the cosmological orcreation myths of the various religions. In the Bible and other in other comparable ancient literatures, creationis a theme expressed in parables or stories to account for the world. In almostevery ancient culture the universe was thought of as darkness, nothing and chaosuntil order is induced by the divine creative hand. The type of orderenvisioned varied from culture to culture. In the Biblical perspective, it wasenvisioned that light should be separated from dark, day from night; and thatthe various forms of plant and animal life be properly categorized. Althoughthe figure differ from myth to myth, all the ancient stories intend to give apoetic accounting for cosmic origins. When viewed in terms of creational motifs,the stories tend to be similar. Some myths of creation include myths of emergence, as from achildbearing woman, or creation by the marriage of two beings representing theheavens and earth. A common feature of some Hindu, African and Chinese myths isthat of a cosmic egg from which the first humans are hatched from. In othercultures, it must be brought up from primordial waters by a diver, or is formedfrom the dismembered body of a preexisting being. Whether the deity usespreexisting materials, whether he leaves his creation once it is finished, howperfect the creation is, and how the creator and the created interact vary amongthe myths. The creation story also attempts to explain the origins of evil andthe nature of god and humanity. .u5fc987f69236338859910fe0aee50987 , .u5fc987f69236338859910fe0aee50987 .postImageUrl , .u5fc987f69236338859910fe0aee50987 .centered-text-area { min-height: 80px; position: relative; } .u5fc987f69236338859910fe0aee50987 , .u5fc987f69236338859910fe0aee50987:hover , .u5fc987f69236338859910fe0aee50987:visited , .u5fc987f69236338859910fe0aee50987:active { border:0!important; } .u5fc987f69236338859910fe0aee50987 .clearfix:after { content: ""; display: table; clear: both; } .u5fc987f69236338859910fe0aee50987 { 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; } .u5fc987f69236338859910fe0aee50987:active , .u5fc987f69236338859910fe0aee50987:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .u5fc987f69236338859910fe0aee50987 .centered-text-area { width: 100%; position: relative ; } .u5fc987f69236338859910fe0aee50987 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .u5fc987f69236338859910fe0aee50987 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .u5fc987f69236338859910fe0aee50987 .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; } .u5fc987f69236338859910fe0aee50987:hover .ctaButton { background-color: #34495E!important; } .u5fc987f69236338859910fe0aee50987 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .u5fc987f69236338859910fe0aee50987 .u5fc987f69236338859910fe0aee50987-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .u5fc987f69236338859910fe0aee50987:after { content: ""; display: block; clear: both; } READ: Bill of Rights EssayAn example of two different religions containing various aspects of eachother could be that of the creation myth of Christianity and aspects ofcreationism found in African religion. The creator god in the African religionis Nyambi. Nyambi creates a man, Kamonu, and the man does exactly as his goddoes in every way; Similar to the way the god of Christianity creates man in hisown image. Also Nyambi creates for Kamonu a garden to live in, the same way theGarden of Eden was created. Another motif repeated between these two religionsis that of the Bibles Tower of Babel. Kamonu, after his god left him behind,tried to build a tower to reach his god but like Th e Tower of Babel it collapsedand the humans failed to reach heaven. In Mesopotamian culture the epic tale Gilgamesh is almost totallyidentical to the Biblical story of Noah and the ark. In the tale of Gilgamesh,Gilgamesh is warned by Enki that a divine judgment has been passed and the worldis to be destroyed by a giant flood. Gilgamesh is instructed build a boat tobring his family and animals so to escape the flood. Another powerful example of the commonality of myth transcendingcultures is in the Trimurti of Brahman in post classical Hinduism when comparedto the holy trinity of Christianity. Brahman, the Hindu essence of ultimatereality is at the very core of Hinduism, post classical Hinduism sees him inthree aspects. Each of these three aspects of Brahman is expressed by a godfrom classical Indian literature: Brahma, the creator; Shiva, the destroyer;and Vishnu, the preserver. Very similar to the Holy Christian Trinity of: God,the father; Christ, the son; and the Holy Spirit. In both Hinduism andChristianity the trinities are three and at the same time one entity. In the mythology of many of the Central Asian Pastoral Tribes thesupreme deity of their religion is confronted by an adversary representing thepowers of darkness and evil. Very much like the relationship in the Christianmythos between God and Lucifer, this figure of evil attempts to counter theplans of the celestial good being and aims at gaining dominance over the worldand at establishing a realm of his own in which he would rule over humanity. The forces of good and evil are not equally balanced, however, and there isnever any real doubt about the final supremacy of the sky-god. Yet according tosome myths the representative of evil and darkness succeeded in leading peopleastray and bringing about a fall similar to that of Adam and Eve. Other mythological motifs not involving Christianity or the Bible isthat of a god or a hero making the dangerous journey to the underworld , orHades, to retrieve a lost love. The Greek mythological tale of Orpheus and theJapanese Shinto myths both contain very similar aspects. In both of thesestories, Orpheus and Izanagi, lose their spouses to death and venture into theterrible underworld of Hades to try to wrest them back. In both stories theyare on the way to getting back each his wife as long as they dont look backtowards her. In both tales both Izanagi and Orpheus look back, losing thechance they had at having their loves returned to them. These are just some of the universal myths contained within variousreligions of the world. How do all these myths seem to transcend thegeographical and cultural boundaries of Earth? Carl Gustav Jung, a leadingpsychologist and contemporary of Freud, came up with a theory involving thecollective unconscious of a persons psyche. The collective unconscious,according to Jung, is made up of what he called archetypes, or primordialimages. These correspond to such experiences such as confronting death orchoosing a mate and manifest themselves symbolically in religion, myths, fairytales and fantasies. .ucb88e36df9485d1fe464686042d07b78 , .ucb88e36df9485d1fe464686042d07b78 .postImageUrl , .ucb88e36df9485d1fe464686042d07b78 .centered-text-area { min-height: 80px; position: relative; } .ucb88e36df9485d1fe464686042d07b78 , .ucb88e36df9485d1fe464686042d07b78:hover , .ucb88e36df9485d1fe464686042d07b78:visited , .ucb88e36df9485d1fe464686042d07b78:active { border:0!important; } .ucb88e36df9485d1fe464686042d07b78 .clearfix:after { content: ""; display: table; clear: both; } .ucb88e36df9485d1fe464686042d07b78 { 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; } .ucb88e36df9485d1fe464686042d07b78:active , .ucb88e36df9485d1fe464686042d07b78:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .ucb88e36df9485d1fe464686042d07b78 .centered-text-area { width: 100%; position: relative ; } .ucb88e36df9485d1fe464686042d07b78 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .ucb88e36df9485d1fe464686042d07b78 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .ucb88e36df9485d1fe464686042d07b78 .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; } .ucb88e36df9485d1fe464686042d07b78:hover .ctaButton { background-color: #34495E!important; } .ucb88e36df9485d1fe464686042d07b78 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .ucb88e36df9485d1fe464686042d07b78 .ucb88e36df9485d1fe464686042d07b78-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .ucb88e36df9485d1fe464686042d07b78:after { content: ""; display: block; clear: both; } READ: Self-discovery through Adversity EssayJoseph Campbell, considered by most to have been the foremost expert onworld religions and mythology, believed to be a fact that; mythologies andtheir deities are productions and projections of the psyche. It was his beliefthat religions and myths come from ones own creative imagination andunconsciousness. He further believed that humankind is intrinsically linked inthat some part of human nature creates these myths and religions out of a needfor them. We all have the same basic psychological makeup just as we all havethe same basic physical makeup. Recent scientific studies suggest that the average human uses only tento fifteen percent of his or her brain. What happens to the other eighty-fiveto ninety percent of it? Does it just sit there and have absolutely no use? Ordoes it perhaps contain the universal commonalties of what links us all as agreat big tribe of human beings; containing our greatest hopes, our worst fears,our dreams and creativity. Perhaps it does contain a link to the realm ofmysticism and surrealism which artists such as Salvador Dali tried so hard torender on canvas. Science doesnt know what it contains. Its in our skullsand were not even sure what it contains, maybe the answers to our ownprimordial questions. WORKS CITEDWorld Religions From Ancient History to the Present editor: Geoffrey Parrinder,copyright 1971, The Hamlyn Publishing Group Ltd. Essays On a Science of Mythology Carl Jung, copyright 1949, Pantheon Books Inc. Myths To Live By Joseph Campbell, copyright 1972, Viking PressReligions of the World Lewis M. Hopfe, Copyright 1976, Prentice-Hall Inc. Mythology Edith Hamilton, copyright 1942, Little Brown Inc. Encarta 95 copyright 1995, Microsoft corp. Philosophy

Poor Academic Achievement Associated With Mental Retardation free essay sample

Differentiation among categories of children having mild disabilities including mild mental retardation, learning disabilities as well as behavioral and emotional disorders has been problematic. Children operating around the fringe of what might be interpreted a disability group establish problems in measurement, assessment and admission for specialized education programs. A large number of children can be recognized as poor performers in schools. Basing this notion on an ordinary distribution one could possibly argue that fifty percent of kids function below standard academically. Greshman Macmillan and Bocian defined two major forms of reading underachievement complexities: specific reading retardation (SRR) and general reading backwardness (1996). SRR is described as reading under the predicted level from a childs aptitude whereas GRB is described as studying below the predicted level of childs sequential age. Children having SRR may also be thought to have specific learning disabilities. Children having SLDs comprise 5.2 percent of the overall school populace and 51. We will write a custom essay sample on Poor Academic Achievement Associated With Mental Retardation or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page 1 percent of the school age populace with disabilities (Greshman, Macmillan and Bocian, 1996). Numerous children who suffer from these symptoms are also unable to differentiate or understand the nature of their ailment. Personal Perspective A friend, who is also a college student, is having problems with her grades.   She frequently feels that no matter how hard she studies, it doesn’t show when it’s time to take the test. As a result of this, her grades for the last two years have only been C’s, D’s and the occasional F.   She claims that she studies by reading the chapters and printing out professor’s lecture when it’s availed. In spite of this, she still feels like nothing is registering in terms improving academic performance. She claims to forget what has been taught most of the times and sometimes fails to remember what she just read. Then would have to repeat something’s just to get a clear understanding. She feels like no matter how hard she tries, she’ll never be as smart as some of her classmates. They seem to make better grades than her without much effort.   She wonders where she is going wrong and what she could possibly do to get better grades.   She said she feels dim-witted, when she receives her grades. She said she sometimes feels like she shouldn’t even study at all, why put forth the effort if it’s not going to make a difference.   She said she doesn’t know what else to do. Differences between LD and LA This ambiguity has created a heated contest has been   concerning the differences and similarities between children categorized as possessing learning disabilities or LD and those who display low achievement in academics (LA). The main notion of this contention revolves on the level to which learning disabilities can be separated from low achievement and the degree to which circulation of these groups, social behavior and academic performance overlap. Conspicously absent form this topic has been the Identification of the difference between SRR and GRB. It would look like numerous children who are thought to be low achievers would satisfy the GRBs criteria whereas kids considered academically disabled would satisfy the criteria for diagnosing SRR. A similar quandary exists in separating children suffering from mild mental retardation from those having learning disabilities. Learning disability is normally described on the ground of a serious discrepancy between achievement and ability.   In this view, an academic disability symbolizes unanticipated underachievement In comparison to ones ability level and the occurrence of such inconsistency justifies the incidence of a learning disability. Mild mental retardation represents unanticipated underperformance relative to individuals ability and underperformance is considered to be as a result of low aptitude. Purpose of the Research The purpose of this research was to differentiate groups of kids who are described as LA, MMR and LD on a range of social-behavior, school history predictors and cognitive achievement. These differences are significant because of incongruity in the discipline regarding the degree to which these symptoms overlap or can be consistently differentiated on predictors important to social functioning. These behaviors were differentiated by means of multivariate analysis and meta-analytic processes utilized by Kavale et al. (1994) to re-evaluate Ysselddyke et al.s information differentiating LA and LD groups.   This research differs from previous studies in the sense that it incorporated a group with MMR and used more comprehensive assessment of social-behavior performance, which has been proven in previous studies to contrast groups with mild disability (Greshman, Macmillan and Bocian 1996). Main Results This study adds to the knowledge presented from previous studies. There exists considerable difference in this study and previous ones that could be explained by variations on variables such as ethnic composition of trials, operational description of groups as well as physical location of these researches. LA, MMR and LD groups in this study functioned lowly in terms of academic performance. The group having learning disabilities scored poorly in comprehension compared to the LA group. All the groups scored better in mathematics but were considerably lower compared to the LA and LD groups reported in previous researches. The results are reliable with interpretation from other researches showing that children with learning disability scored more inadequately in academic performance compared to children with low achievement.

The results of writing contest!

The results of writing contest! The results of writing contest! Thanks everyone for the participation in the writing contest by Essay Supply! We are happy to have received each separate work and congratulate  Viktor Farkaz  with the prize of $1500 for writing the best essay!    Also, special prize to  Hope Dickson  for the unique writing and specific approach to it, and congrats with the prize of $25 Amazon Certificate!    Thanks again, together we will change the world! Yours, Essay Supply team!

Discussion and participation week 4 Essay Example | Topics and Well Written Essays - 750 words

Discussion and participation week 4 - Essay Example ontingencies Gain is Probable Gain is Reasonably Possible Gain is Remote Disclose in notes only Disclose in notes only Nothing (Ecfa, 2011). Ecfa.org (2011). Accounting for Contingencies. Retrieved September 1, 2011 from http://www.ecfa.org/Content/Accounting-for-Contingencies Weygandt, J., Kieso, D., Kimmel, P. (2002). Accounting Principles (6th ed.). New York: John Wiley & Sons. 2. Gain contingencies are not recognized in the income statement, but loss contingencies may be based on the circumstances. â€Å"Loss contingencies may be recorded in the financial statements after evaluation to determine if inclusion is required† (Ecfa, 2011). The probability of occurrence is the determining factor that must be evaluated to determine the proper accounting treatment. The three options are probable, reasonable possible, and remote. Each of the options has different accounting treatment based on losses or gains. The table below shows all the possibilities. Loss Contingencies    Loss is Probable Loss is Reasonably Possible Loss is Remote Amount of Loss can be estimated Record liability and disclose in notes Disclose in notes only Nothing Range of Loss can be estimated Record low end of range as liability and disclose in notes Disclose in notes only Nothing Loss can NOT be estimated Disclose in notes only Disclose in notes only Nothing Gain Contingencies Gain is Probable Gain is Reasonably Possible Gain is Remote Disclose in notes only Disclose in notes only Nothing (Ecfa, 2011). Ecfa.org (2011). Accounting for Contingencies. Retrieved September 1, 2011 from http://www.ecfa.org/Content/Accounting-for-Contingencies 3. A hedge can be defined as protecting a long position in one asset while being short in another in order to reduce overall risk (Tewales & Bradley & Tewales, 1992). If the fair value of the asset changes the investor can minimize his losses based on the use of a hedge. A hedge is a complex investment instrument that should be used only by expert and institutionalized investors. I would not recommend a novice investor in the stock market to invest in hedges. Teweles, R., Bradley, E., Teweles, T. (1992). The Stock Market (6th ed.). New York: John Wiley & Sons. 4. The four types of contingencies mentioned in your answer are right on target. I only came up with liabilities as a potential contingency out of the top of my head. None of the contingencies you mentioned are ever included in the income statement when they are gain contingencies. If the gain contingency is probable or reasonably possible they are disclosed as a note to the financial statements. The existence of a gain contingency is a factor that can positively influenced the price of common stocks of public corporations. 5. Early extinguishment of debt typically results in either a gain or loss. In the income statement gains or loss resulting from early extinguishment of debt are included as other income. â€Å"

Financial analysis of a company Assignment Example | Topics and Well Written Essays - 2250 words

Financial analysis of a company - Assignment Example It is extensively relied on the notion of â€Å"Celebrity Endorsement† to advertise its leading brands. Major events that occurred during the last 4 fiscal years The purchase of Rocca In 2008, Damiani Group acquired â€Å"Rocca†, a high end jewelry and watch chain leader in Italy. Rocca will represent as the first distribution brand of Damiani and it will help sell all the leading brands of the company. The acquired company has its strong footprints in the Italian market. Commercial and licensing agreements During the year 2009, the Group has signed commercial and licensing agreements for the creation, design and distribution of jewelry lines with the prestigious brands. Balance Sheet *Balance Sheet (In thousand Euros) 2008 2009 2010 2011 Inventories 94,713 121,192 106,108 96,192 Trade receivables 65,794 54,551 42,971 31,232 Tax receivables 394 5,571 3,661 2,788 Other current assets 14,718 12,619 9,777 11,401 Current financial receivables       - 1,074 Cash and cash equivalents 52,813 9,542 7,332 10,217 TOTAL CURRENT ASSETS 228,432 203,475 169,849 152,904 Goodwill 5,002 5,002 4,984 4,984 Other Intangible Fixed Assets 7,056 9,204 7,504 5,596 Tangible Fixed Assets 14,698 26,626 20,397 17,590 Investments 169 169 167 167 Financial receivables and other non current assets 2,663 4,655 4,479 3,493 Deferred tax assets 12,229 18,552 19,807 19,854 TOTAL NON CURRENT ASSETS 41,817 64,208 57,338 51,684 TOTAL ASSETS 270,249 267,683 227,187 204,588                Current portion of long term financial debt 5,162 9,681 10,040 7,861 Trade payables 65,305 70,923 57,945 54,673 Short term borrowings 16,229 2,593 1,964 5,965 Income tax payables 2,752 8,977 2,399 2,425 O ther current liabilities 5,090 6,350 4,819 4,862 TOTAL CURRENT LIABILITIES 104,675 88,387 77,167 75,786 Long term financial debt 16,631 22,029 34,356 26,316 Termination Indemnities 4,223 4,868 4,693 4,325 Deferred Tax liabilities 2,608 4,227 864 1,131 Risk reserves       649 1,431 O t her non current liabilities 2,441 2,046 431 493 TOTAL NON CURRENT LIABILITIES 25,903 33,170 40,993 33,696 TOTAL LIABILITIES 137,845 114,290 118,160 109,482 Share Capital 36,344 36,344 36,344 36,344 Reserves 102,742 96,691 89,438 71,890 Group net income (loss) for the period 15,127 (4,709) (18,242) (14,525) TOTAL GROUP SHAREHOLDERS' EQUITY 154,213 128,326 107,540 93,709 MINORITY SHAREHOLDERS' EQUITY             Minority share capital and reserves 1,571 1,668 1,513 1,422 Minority net income (loss) for the period 175 (156) (26) (25) TOTAL MINORITY SHAREHOLDERS' EQUITY 1,746 1,512 1,487 1,397 *As on 31 March of each FY Income Statement Income Statement (In thousand Euros) 2008 2009 2010 2011 Revenues from sales and services 164,919 149,289 145,365 143,323 Other recurring revenues 683 502 390 226 Other non-recurring revenues 8,506          TOTAL REVENUES 174,108 149,791 145,755 143,549 Costs of raw materials and consumables (69,898) (71,090) (82,595) (79,476) Costs of servi ces (53,719) (55,847) (50,226) (46,229) Personnel cost (24,249) (28,251) (27,017) (24,821) Other net operating (charges) incomes 2,397 6,518 843 903 Amortization and depreciation (2,503) (4,191) (5,886) (4,884) TOTAL OPERATING EXPENSES (147,972) (152,861) (164,881) (154,467) OPERATING INCOME (LOSS) 26,136 (3,070) (19,126) (10,918) Financial Expenses (3,312) (2,651) (3,065) (2,926) Financial Incomes 2,153 2,277 350 377 INCOME (LOSS) BEFORE INCOME TAXES 24,977 (3,444) (21,841) (13,467) Income Taxes (9,675) (1,421) 3,573 (1,083)