Assignment of Business Tax Procedure and Management Essay Sample free essay sample

As a pupil of commercialism. we are supposed to cognize that what are the assorted methods through which we can be after our revenue enhancement liability as an person. house or company. This assignment gives the overview of different ways of revenue enhancement planning harmonizing to the fortunes predominating at that context. Determination OUT THE WAYS TO MINIMIZE THE TAX LIABILITY OF INDIVIDUAL. Firm AND COMPANIES†¦ [ ASSIGNMENT OF BUSINESS TAX PROCEDURE AND MANAGEMENT ] October 23. 2012 1 ) METHODS OF REDUCING TAX LIABILITY OF INDIVIDUAL.1. Exhaust your full Section 80c tax write-off: Under Section 80C. the maximal tax write-off available is Rs 100. 000 dad which investors should seek to use. Make certain that fiscal merchandises which you are taking here are in line with your overall fiscal planning. In add-on. persons do understand that the benefits are capped. For case. puting 70. 000 in Public Provident Fund and 50. 000 in ELSS financess will give you revenue enhancement benefit of 1. We will write a custom essay sample on Assignment of Business Tax Procedure and Management Essay Sample or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page 00. 000 merely. In add-on make sure that you deduction. Make investings of over Rs 1. 00. 000 in Section 80C designated avenues but they need to maintain in head your Employee Provident Fund ( EPF ) annually amount excessively while puting for 80c Always look at the investings from the position whether it will run into your specific demands on adulthood. You should besides seek to diversify your nest eggs in different instruments. Following are some of the investments/contributions qualify for Section 80C tax write-offs. Public Provident Fund: Assured and revenue enhancement free returns have made Public Provident Fund ( PPF ) as a preferable pick for hazard inauspicious investors for old ages. It is an first-class tool for long term investing professionals or business communities non covered under Employees Provident Fund. We believe PPF should Long term ends can decidedly be realized through PPF. and is risk free as it is backed by authorities. It is even more important for freelance ideally be a really important portion of any individual’s portfolio but there can be differed sentiment on this. Employee Provident Fund: We usually hate any sort of tax write-offs in our monthly salary faux pass – its income revenue enhancement tax write-off. professional revenue enhancement tax write-off or even an EPF tax write-off. Very few of us truly know that this little EPF tax write-off each twelvemonth ca n in world make you a crorepati by the clip you retire. Encouraging fact is that this statement is applicable to even with those holding modest wages. money boulder clay retirement. There’s many if’s and but’s to accomplish that. most notably being defying the enticement to retreat Equity Linked Savings Scheme ( ELSS ) : This merchandise can assist people in all revenue enhancement brackets to salvage revenue enhancements while giving inflation-adjusted returns. The investor does non necessitate to pay any revenue enhancement on backdown excessively. ELSS has a lock-in period of three old ages. the shortest among all tax-saving instruments. Unit-linked insurance programs ( Ulips ) : These merchandises excessively can supply rising prices adjusted returns and chance to make wealth in the long term. as they invest in equities and debt documents. However. you need to maintain puting on a regular basis and wait until the adulthood. as high upfront charges eat into returns of the older merchandises ( issued before Sept. 1. 2010 ) . Even after the recent regulative alterations in Ulips. they are still expensive investing vehicle compared to common financess. Other insurance programs: Covering hazards is indispensable for your ends. Buy insurance for existent demand instead than for salvaging revenue enhancements. That’s why opt for a term program. as oppose to endowment eligible for tax write-off under Section 80C. Roll no. : 3483 and money back. as the former offers highest hazard screen for low premiums. The premiums paid are [ ASSIGNMENT OF BUSINESS TAX PROCEDURE AND MANAGEMENT ] October 23. 2012 New Pension Scheme ( NPS ) : This is the most recent entrant to the Section 80C instruments. It can be a good option for retirement planning with revenue enhancement nest eggs. The drawback is that the sum is nonexempt on backdown on adulthood. Pension Plans: Contribution in pension programs is allowed as tax write-off under Section 80CCC. Pension programs can be traditional or unit-linked. or from common fund houses. Other merchandises that are covered under Section 80C are national nest eggs certification. senior citizen nest eggs strategy. 5-year fixed sedimentations. including accumulated involvement. tuition fee for two kids for 80C. 80CCC and 80CCD is `1lakh. full clip classs. place loan chief refund. The combined bound of tax write-offs under Section 2. Long Term Infrastructure Chemical bonds: Govt. of India has allowed certain Infrastructure companies to publish Long Term Tax Saving Infrastructure Bonds. Investors of these Infra Chemical bonds can claim revenue enhancement freedom under subdivision 80 CCF of the Income Tax Act. 1961 for an sum up to Rs. 20000. This with subdivision 80CCE. Tax write-off is in add-on to Rs. 1. 00. 000 bound available under subdivisions 80C. 80CCC and 80CCD read Should you invest: It makes sense for people in the over Rs 8 hundred thousand nonexempt income slab to utilize the substructure bonds as a tax-saving instrument. For the people in the Rs 5-8 hundred thousand bracket. it would be advisable to put in substructure bonds if it would be an absolute no-no to put in Infrastructure Bonds for tax-saving intent. The period of investing is 3 old ages. but non for five old ages and for those in the Rs 1. 6-5 hundred thousand bracket. 3. HRA and Tax Benefits: Everyone who is having the HRA benefits from their employer is eligible to declare the HRA as the revenue enhancement nest eggs. Note that. if you are remaining in the rental house so merely it is applicable. If you are reside in your ain house. and so you will non be eligible to claim the revenue enhancement benefits for HRA paid by your employer. The inside informations about the HRA freedom in described under Section 10 ( 13A ) of the Income Tax act 1961. The following are the three conditions to eligible for HRA freedom: a. HRA must be included in your salary constituent b. degree Celsius. You are remaining in the rented house Your rent is more than 10 % of your wage 4. Opt for Joint Home Loan: If you are be aftering to purchase a house. choosing for joint place loan can be a better option. The principal eligible for a tax write-off of up to Rs 150. 000 per twelvemonth. Refund on a place loan is eligible for a tax write-off of up to Rs 100. 000 dad and the involvement paid is This will guarantee that both the co-owners can claim revenue enhancement tax write-offs in the proportion of their retention in the loan. The co-owner falling in the higher revenue enhancement bracket should keep a higher proportion of place loan to guarantee that the revenue enhancement benefits are maximized. 5. Medical insurance: An person who pays medical insurance premium for ego or spouse/dependent kids is allowed a tax write-off of up to Rs 15. 000 dad under subdivision 80D. An extra tax write-off of up to Rs 15. 000 dad is allowed for premium payment made for parents. In instance the parents are senior citizens. so the maximal tax write-off allowed is Rs 20. 000 per twelvemonth. 6. Other tax write-offs for salaried taxpayers: If your employer provides medical allowance. you can available an income revenue enhancement tax write-off of up to Rs 15. 000 per twelvemonth by offering cogent evidence of the relevant disbursals. If the employer gives leave travel allowance as a portion of your wage. you can avail income revenue enhancement the taxpayer ) . Leave travel allowance can be availed twice in a block of four calendar old ages. Soon. the block incurred on domestic travel. However. the travel manner can be anything ( cab. coach. train or air ) . Contributions: Subject to the stated bounds. contributions to specified funds/institutions are eligible for revenue enhancement benefits under Section Salaried persons who plan to prosecute higher instruction should avail of an instruction loan as the full involvement is eligible for tax write-off under Section 80E. The loan can be for ego. partner or kid from an approved charitable establishment or a notified fiscal establishment. 6. Turn Banal Losses into Tax Additions: 80G. You can derive from short term losingss you made in stocks harmonizing to income revenue enhancement act. If you have made long term capital additions from sale of belongings. gold or debt financess. you can put them against short term capital losingss made on stocks and convey down the revenue enhancement liability. Short term capital losingss can be set off against both short term capital additions every bit good as nonexempt long term capital additions. Income revenue enhancement act allows a taxpayer to claim a tax write-off of 40. 000 if there is a dependant who suffers from complaint specified under Section 80DDB. The tax write-off is higher at 60. 000 if patient is a senior citizen. Dependants can include partners. kids. parents and siblings. However. there is a status wherein the patient should be entirely dependent on revenue enhancement remunerator and should non hold individually claimed tax write-off for the disablement. If the sum spent is reimbursed by an employer or disbursal. the balanced can be claimed as tax write-off. 8. Claim benefits on instruction loan: an insurance company. there is no tax write-off. If the taxpayer gets partial reimbursement of the Rising cost of higher instruction is coercing people to borrow money to pay fees of their kids professional classs. The involvement paid on the instruction loan is to the full deductible from the nonexempt for the involvement paid for up to eight consecutive old ages. get downing from the twelvemonth in which twelvemonth is involvement is foremost paid. Proof required here is loan statement from the loaner. income under Section 80E. 2 ) METHODS OF REDUCING TAX LIABILITY OF HINDU UNDIVIDED FAMILY. The Income-Tax Act recognises the Hindu Undivided Family ( HUF ) as a separate revenue enhancement entity in add-on to persons who are members of such household. All Hindus. Buddhists. Sikhs and Jains governed by Hindu jurisprudence. can hold an HUF as a separate entity to claim income-tax and wealth revenue enhancement benefits. In add-on to the separate revenue enhancement freedom available to an HUF. an HUF is soon equal to what is available to an person who is non a senior citizen. Since it is a separate entity. it can have immoveable belongings and besides run its ain concern. gt ; Separate basic freedom An HUF is a separate and distinguishable entity and can claim a separate basic freedom bound independent of its members who. in their ain position as persons. can besides claim the bound in their several revenue enhancement returns. gt ; Exemptions available Since an HUF can have a house belongings and earn capital additions on the sale of such belongings ; it can besides claim freedom on the long-run capital additions on the sale. if the capital additions are invested for purchasing another house or for building a new house. In regard of capital additions from other assets. it can likewise. put the net consideration for purchase of belongings or building of a residential house and claim freedom. Since there is some inauspicious revenue enhancement impact in instance you own more than one residential house. it makes sense to purchase one house in the name of the HUF. alternatively of in your ain name. An HUF can besides take the benefit of puting its capital additions in the bonds o f NHAI or REC within six months from the day of the month of sale of an plus up to `50 hundred thousand in a fiscal twelvemonth. gt ; Deductions available An HUF can claim tax write-offs in regard of certain payments under Section 80C of the Income-Tax Act up to Rs1 hundred thousand. It can claim tax write-off for payments made for life insurance policy for any of its members. money deposited in Public Provident Fund and for investing in Ulips by any of its members. It can besides claim a tax write-off of Rs15. 000 towards payment for premium for taking wellness insurance for any of its members under Section 80D of the Income-Tax Act. In instance the member in regard of whom this wellness insurance premium is being paid is a senior citizen. the tax write-off available will travel up to Rs20. 000. As the cost of the medical insurance have gone up significantly in recent times. a separate bound for an HUF will be great alleviation for single taxpayers where the premium being paid for wellness insurance is more than the bound threshold bound. as the surplus can be claimed in the income-tax return of HUF. In the proposed DTC. the tax write-off in regard of life insurance premium. school fee for full-time instruction and premium for medical insurance will be available to persons and Roll no. : 3483 Page 6 So if you are among the taxpayers whose to hold an HUF so that you do non lose out of the Rs50. 000 tax write-off. Besides. and HUF can put up to Rs20. 000 in long-run substructure bonds and claim tax write-off from its income under Section 80CCF. This tax write-off is in add-on to the tax write-off available up to Rs1 hundred thousand discussed supra. Not merely this. an HUF can individually claim a tax write-off up to Rs50. 000 in regard of any life insurance policy for upkeep and care of a individual who is physically school fees and insurance premiums total up to the present bound of Rs1 hundred thousand. it makes sense disbursals incurred on medical intervention. rehabilitation and preparation etc or for taking out handicapped and suffers from specified disease under Section 80DD of the Income-Tax Act. It can besides claim tax write-off up to Rs40. 000 and Rs60. 000 in instance of senior citizen in regard of disbursals incurred for intervention of any of its members from specifi ed disease under Section 80DDB. From the present bill of exchange of DTC. it seems that the tax write-off in regard of saving-based part is proposed to be withdrawn for HUF as per clause 69. This anomaly needs to be brought to the notice of the lawgivers to go on the benefit. 3 ) METHODS TO REDUCE TAX LIABILITY OF INDIAN COMPANIES. Indian Companies had been given tax write-offs and freedoms to set their revenue enhancement liability topic to carry throughing certain conditions. they can understate their revenue enhancement liability: ? Puting up the freshly established concern projects in FREE TRADE ZONES u/s ? Setting up freshly established units in SPECIAL ECONOMIC ZONES u/s 10AA. ? Puting up concern endeavors in 100 % EXPORT ORIENTED UNDERTAKINGS u/s 10B. o Deductions available to the Indian companies are as given: 10A. Following are some of the freedoms available to the Indian companies through which ? Sec80-IA: Tax write-off in regard of net incomes and additions from industrial projects or endeavors engaged in substructure development. Roll no. : 3483 Page 7 80-IAB: Tax write-off in regard of net incomes and additions by an projects or endeavors engaged in development of Particular Economic zone. ? 80-IB: Tax write-offs in regard of net incomes and additions from certain industrial ? 80-IC: Tax write-offs in regard of net incomes and additions of certain industrial projects in certain particular class of provinces. ? 80-ID: Tax write-offs in regard of net incomes and additions of hotels and convention Centres in NCR. ? 80-IE: Tax write-offs in regard of net incomes and additions of certain projects in North Eastern States. ? 80JJAA: Tax write-off in regard of employment of new workingmans. ? 33-AB: Tax write-off provided to companies for holding Tea Development Account. ? 35-ABB: Tax write-offs allowed to Indian Companies if they are supplying Telecommunications Services. ? 35-AD: Outgo on specified concern. agricultural extension undertaking. ? 35CCD: Weighted tax write-off for outgo for accomplishment development for mineral oil. ? 42 and 44BB: Particular proviso for tax write-off in the instance of concern for prospecting ? 44AD: Particular commissariats for calculating net incomes and additions for a concern. ? 44AE: Particular commissariats in the instance of concern of providing. hiring or renting goods passenger cars. Tax Planning WITH REFERENCE TO FINANCIAL MANAGEMENT DECISIONS Before get downing a new undertaking a critical managerial determination sing choosing right type of capital construction has to be taken. An optimal capital construction is one which maximises the shareholder’s return. The revenue enhancement contriver should decently equilibrate hazard. cost. and control and revenue enhancement consideration. Under the revenue enhancement Torahs. dividend on portions is non deductible and ? 35CCC: Weighted tax write-off for outgo incurred on agricultural extension on projects other than substructure development projects.

The Monkeys Paw and The Red Room Essay Example For Students

The Monkeys Paw and The Red Room Essay The Monkeys Paw and The Red Room are both horror stories written in the nineteenth century. The Red Room is a psychological horror story, which deals with fear and tension and The Monkeys Paw is a factual horror story, which deals with mystery and death. Both authors set out to frighten the reader, but do it in very different ways. In The Red Room we know straight away that it is about a man who is going to go into a haunted red room. An old man had told him about a woman who had been murdered in this room, and people dont know if it is haunted by her or by her husband. We will write a custom essay on The Monkeys Paw and The Red Room specifically for you for only $16.38 $13.9/page Order now The old man had been advised by three weird people not to go into the red room as it is haunted. The old man said, the three of them made me feel uncomfortable, with their gaunt silences, their bent carriage, their evident unfriendliness to me and to one another. The man didnt agree with the old man. He was determined to find out what was in the red room, and find out what it was haunted by. The man asked the old man to show him to this red room, the old man was in shock he couldnt believe that the man wanted to go into the red room. Tonight of all nights he said. The old man decided to show him to the red room, but he wasnt going to go with him. Theres a candle on the slab outside the door, you go along the passage for a bit, until you come to a door, and through that is a spiral staircase, and half-way up that is a landing and another door covered with baize. The man had a plan the plan was that when he got inside the Red Room he would light the room so that he could see what was happening. The man got to the room and walked in. I left the door wide open until the candle was well alight, and then I shut them in and walked down the chilly echoing passage, said the man. The man pushed the baize-covered door and stood in the corridor. Everything was in its place. The door to the red room and the steps up to it were in a shadowy corner. The man opened the door and went in the room. A feeling of horror is created by the shadowy window bays, the recesses and alcoves. One could well understand the legend that had sprouted in its black corners, its germinating darkness. The man was looking round the room, peering round each article of furniture, tucking up the valances of the bed, and opening its curtains wide. He pulled the blinds and examined the fastenings of the several windows before closing the shutters. He leant forward and looked up the blackness of the wide chimney, and tapped the dark oak panelling for any secret opening. There were two big mirrors in the room, each with a pair of scones bearing candles and on the mantelshelf too were more candles in china candlesticks. The man lit one after the other. The room was very bright. It was after midnight that the candle in the alcove suddenly went out. His first match would not strike, and as he succeeded with the second, something seemed to blink on the wall before him. The two candles on the little table by the fireplace were extinguished. The man walked across the room to the fireplace and relit one of the candles and suddenly it went out. All of a sudden candles started going out one at a time until the whole room was pitch dark. The man was now almost frantic with fear of the darkness and his self-possession deserted him. He bruised him self on the thigh against the table, he sent a chair headlong; he stumbled and fell and whisked the cloth from the table in his fall. The man made a run for the door, he couldnt remember anything else. The last paragraph of the story tells us that there is a ghost in that room which follows anyone who goes in there. .u9948c3751626e035f258709abdf96213 , .u9948c3751626e035f258709abdf96213 .postImageUrl , .u9948c3751626e035f258709abdf96213 .centered-text-area { min-height: 80px; position: relative; } .u9948c3751626e035f258709abdf96213 , .u9948c3751626e035f258709abdf96213:hover , .u9948c3751626e035f258709abdf96213:visited , .u9948c3751626e035f258709abdf96213:active { border:0!important; } .u9948c3751626e035f258709abdf96213 .clearfix:after { content: ""; display: table; clear: both; } .u9948c3751626e035f258709abdf96213 { 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; } .u9948c3751626e035f258709abdf96213:active , .u9948c3751626e035f258709abdf96213:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .u9948c3751626e035f258709abdf96213 .centered-text-area { width: 100%; position: relative ; } .u9948c3751626e035f258709abdf96213 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .u9948c3751626e035f258709abdf96213 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .u9948c3751626e035f258709abdf96213 .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; } .u9948c3751626e035f258709abdf96213:hover .ctaButton { background-color: #34495E!important; } .u9948c3751626e035f258709abdf96213 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .u9948c3751626e035f258709abdf96213 .u9948c3751626e035f258709abdf96213-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .u9948c3751626e035f258709abdf96213:after { content: ""; display: block; clear: both; } READ: To Kill a Mockingbird Courage EssayThe Monkeys Paw is about a family, called White. The family werent that well of, and were desperate for some money. A Sergeant Major had come to visit the family. The Sergeant started to talk about himself I should like to see those old temples and fakirs and jugglers, said the Sergeant. He came with a paw, but it wasnt just any old paw it was a monkeys. The monkeys paw was attached to a dried little mummy. It could make magic things happen. In other words it was a magic monkeys paw. According to the story it had a spell put on it by an old fakir, a very holy man. He wanted to show that fate ruled peoples lives, and those who interfered with it did so to their sorrow. He put a spell on it so that three separate men could each have three wishes from it. The fakirs manner was so impressive that his hearers were conscious that their laughter jarred somewhat. One man had his three wishes. We dont know what his first two wishes were, but his third was for death. Thats how the Sergeant got the paw. The Sergeant decided to give the paw to the White family, because it was no use to him as he has already used his three wishes and it had already caused him enough trouble. The White family were extremely happy it was their chance to become rich, they decided to wish for i 200. Next morning a representative from the factory where Mr Whites son, Herbert, worked came to the White family house. Mr White answered the door. The man came in and sat down and said, Your son got caught in some machinery and was killed. Here is i 200 in compensation. You could understand how devastated the White family were, and they were extremely angry at the monkeys paw. About two weeks after the funeral of their son the mother decided to use their second wish to bring their son back to life. About two hours after they had made the wish there was a knock at the door of the house. Mr White knew it was his son, but he didnt answer the door, instead he used the last wish to wish his son dead. The reason why Mr White did this was because he thought that his son would come back the way he had died, and he had been in a grave for two weeks and would look very messy and dirty, and would scare the life out of Mrs White. I think The Red Room is a very tense and spooky story. I think the man was very unwise to go into The Red Room. His idea of lighting the room with candles failed, and he ended up hurting himself and feeling petrified. I think The Monkeys Paw is a mysterious horror story. I think the white family were very unwise to make a wish as, they didnt listen to the sergeants warning, and they paid the price. Their second wish for their son to come back to life was, a silly decision, because they should have just let him rest in peace. Their third wish was a wise decision, because he would have appeared the way he died. The thing, which makes me like The Monkeys Paw more than The Red Room, is that The Monkeys Paw is more interesting and more mysterious.

Writing the Essay on Ethos Vs Logos Vs Pathos

Writing the Essay on Ethos Vs Logos Vs PathosAnalyze the sample argument of an ethos versus logos or a Pathos vs. a Homosocialis when it comes to studying your sample argument. Remember, when you first read an ethos vs. logos or a Pathos vs. a Homosocialis, you may have wondered why the writing style used in these examples was the same as the one that is used in this topic.So, why is the essence of the two important to the subject of the essay that I will be analyzing? Simply put, they are the issues that are involved in all types of arguments. We all know that, when we talk about the most basic level of ethics, we talk about the human capacity for goodness and for right and wrong.For instance, if someone takes a stand against euthanasia or abortion, they will still want to live in a life that is filled with love and kindness, as well as sharing, sharing and most of all, the opportunity to share the love and kindness with other people. When we do so, we are willing to accept the inev itable consequences and realities, even if it may not be our intention to do so.In addition, if you hear about a claim or argument that is opposing you, but that has merit, then you will want to research the claims behind the argument and look for evidence. The truth will set you free. If you find that you have enough evidence to present, then you can stand up for the claim. However, there will be a time when it will be necessary to retract the claim, but you will most likely learn that it will not be easy to admit that you were wrong.On the other hand, when you are writing an ethos vs. logos or a Pathos vs. a Homosocialis, you will likely see yourself arguing for the rightness of the view that you support. You will want to use force to be able to defend your position in your essay. That means using force and coercion in order to persuade your reader that you have the right. In addition, you will be using the threat of violence in order to keep people from recognizing that their mor al convictions may be threatened by the persuading view of your essay.In this case, you will want to present examples of what happens when people are able to push aside the religious instinct in favor of their intellect and the desire to stand up for their beliefs. You will also want to expose the facts that are needed to show that violence cannot solve problems. Finally, you will want to make sure that you understand the true meaning of the stated principle.Both of the examples above involve the essence of the two reasons why ethos logos and pathos logos must be included in the discussion of an ethos vs. logos or a Pathos vs. a Homosocialis. Now, when you analyze your sample argument, make sure that you find out how each factor is related to the essay topic. Remember, your task is to provide an analysis of the subject matter and the way in which you present that subject matter in the argument.Take note of the examples that you cite to support your point of view. You should be able to identify each and every one of them. When you do so, you will be able to conclude that you have successfully presented a sample argument of an ethos vs. logos or a Pathos vs. a Homosocialis in the above mentioned essay.

Free Essays on My First Race

My First Race My first mountain bike race was an experience I will never forget. The day started off before the hot sun had even rose. The morning dew was still lying on the ground like a blanket of crystals. As I loaded up the car with the help of my parents, I realized that I was extremely anxious and ready to go. Pulling out of the drive way there was no stopping until we reached the race site, an hour and a half away, at Kickappoo State Park. When arriving I remember seeing bright neon orange signs directing us through the park and to the registration table. After registering and buying a one day racing license, I realized that I was not ready to go. So I frantically ran to the car, unloaded everything that I was going to need including my bike. Then I quickly put my bike together and made sure everything was in the best working shape it could be. However, I would find out later that this was not the case. So after getting everything ready I jumped on my bike and went for a quick warm-up ride to get my aching muscles loosened up. When I returned from this ride, I did a quick look over of my clean bike and was ready to start the race. When it was time to start the race my stomach was a nervous mess. I honestly thought I was going to be sick, but the time had come to start the race. The starter explained all the rules and how the course would be marked off, then counted down from three. As I heard him say go my adrenalin took over my body and the race was on. Riding this course before I had some insight on the harder parts of the trail, this allowed me to pace myself and not burn all of my energy at the very beginning. As the race went on my heart and breathing started getting faster and more intense. As this happened I realized that I had to bear through the excruciating pain and plow on. Once we got further into the trail, everyone realized that it was a muddy mess that smelled of rotten leaves. So much to our surprise a... Free Essays on My First Race Free Essays on My First Race My First Race My first mountain bike race was an experience I will never forget. The day started off before the hot sun had even rose. The morning dew was still lying on the ground like a blanket of crystals. As I loaded up the car with the help of my parents, I realized that I was extremely anxious and ready to go. Pulling out of the drive way there was no stopping until we reached the race site, an hour and a half away, at Kickappoo State Park. When arriving I remember seeing bright neon orange signs directing us through the park and to the registration table. After registering and buying a one day racing license, I realized that I was not ready to go. So I frantically ran to the car, unloaded everything that I was going to need including my bike. Then I quickly put my bike together and made sure everything was in the best working shape it could be. However, I would find out later that this was not the case. So after getting everything ready I jumped on my bike and went for a quick warm-up ride to get my aching muscles loosened up. When I returned from this ride, I did a quick look over of my clean bike and was ready to start the race. When it was time to start the race my stomach was a nervous mess. I honestly thought I was going to be sick, but the time had come to start the race. The starter explained all the rules and how the course would be marked off, then counted down from three. As I heard him say go my adrenalin took over my body and the race was on. Riding this course before I had some insight on the harder parts of the trail, this allowed me to pace myself and not burn all of my energy at the very beginning. As the race went on my heart and breathing started getting faster and more intense. As this happened I realized that I had to bear through the excruciating pain and plow on. Once we got further into the trail, everyone realized that it was a muddy mess that smelled of rotten leaves. So much to our surprise a...

Analysis of Argentina Balance of Payments

The economic situation of Argentina was interesting between 1998 and 2007. However, it can be assumed that the worst year of the Argentinean economy was 2002. Before 1998, some factors such as a huge debt reaching 55% of the GDP, a currency pegged to the US $, the â€Å"Tequila† crisis in 1995, the devaluation of Mexican and Brazilian currencies, were responsible of the crisis Firstly we compared trade and GDP, to obtain the trade openness ratio. It increased strongly in 2002, due to a high increase in trade (133% 2001 to 2002) compared to the GDP that declined 11bp. The relatively high level of trade openness registered in 2002: 10. 08%, is based on the steep drop in imports 56%, related to the peso devaluation. As the peso stabilized and GDP undertook an ascending trend trade openness bounced back to low level again. Secondly, the balance of payments of Argentina can be analyzed in order to compare the exports to the GDP. The trade index of the country is under 20% until 2005, which is lower than the Global Trade Index at this time (30%). Nevertheless, it increased to reach a better level in 2007 (25%). For the valuation of the liquidity level, we compared the reserves to the imports, in volume and number of days. Since 1998, it is decreasing, sharply in 2001 and 2002, then recovering a better level between 20% and 30%. Therefore we can not consider that 4 months of reserves to be sufficient for maintaining a good level of liquidity, it’s a bit lower than the 6 months objective. In 2006, reserves influenced by the crisis in Mexico, dropped to 10%. To assess the debt service, we assumed a 5% interest rate, applied to interest payments and exceptional financing. Debt declined in terms of export multiplies especially due to the rise in exports and not to reimbursements. The highly indebted Argentina actually resorted to IMF financing and additional loans in 2001, when confronted with $3bn capital flight. Fluctuating between 900% in 1998 and 380% in 2007, the debt service ratio, far away from the optimal level of 33% , clearly emphasizes the state’s debt burden. The interest ratio is high, but still decreasing jointly with the debt, reaching a sane level below 0,25 in 2006 and 2007. Still this figure is actually deceiving, the interest ratio plunging due to ascending exports and not decreasing debt service. All liquidity indicators point out to a disappointing position for Argentina, still the reimbursements made in the recent years and the IMF account clearing entice improvements at this level. We can notice a huge change, in the current account since 2002. The negative current account which lasted for several years, had been replaced by a positive one in 2002. This change was attributable to the big decision of switching from a pegged currency (to the US$), to a floating currency. Consequently, the Argentinean peso was devalued. On a current account view, this means less imports, and an increase of the exports. Actually the volume of the exports didn’t take off the day when the decision of devaluating the Argentinean peso, but 2 years after. This phenomenon could be explained by the J curve theory. 2001 was a turning point in the history of Argentina. Forecasting the devaluation of the peso, investors revised their position towards the Argentinean market, foreign direct investment dropping by 80% from 2000 and 2001. This way FDI decreased drastically its role as a financing source (before 2001, Argentina was financing between 5 and 10% of its debt by the Foreign Direct Investment). Faced with such a drastic cut in foreign direct investment and portfolio investment, Argentina issued additional debt worth $ 10 bn. Over the last ten years Argentina experienced serious turbulence in its financial position that has negatively impacted its state rating and fuelled even more financial distress. Still, in recent years, rescue came and it was in the form of economic growth. This restored investors’ confidence, translating into higher absolute FDI inflows, and allowed for debt restructuring. With an outstanding debt of $6 bn towards the Venezuelean government, obligations of $ 500 m in the international debt market and a state rating of B (Moody’s), any investment in the Argentinean market will carry high risk that might not necessarily be offset by a high return. For the time being, we recommend not investing in Argentina.

Red Spot Markets Company Essay Example | Topics and Well Written Essays - 1500 words

Red Spot Markets Company - Essay Example Possibly, a third and more strategic issue is the decision to close down the Providence center and shift all operations to Newburgh. First, we try and understand the impact of the first problem. Shrinkage directly impacts retailer margins since it is a loss of inventory. This is of concern to the senior management. At the operational level, this leads to a different kind of conflict. The DC (Distribution Center) loads cartons in which, as per the delivery note or shipment advice, a specified number of bottles or packs of a particular product is packed. However, when the stores receive the goods and they find shortage, then they report it as short receipts and make a note accordingly. Often, the DC employee states that it is not his problem and blames in-transit loss of goods. For the stores, it is a problem since the shelves would not be fully stacked. Repeated complaints from stores would imply the seriousness of the problem. Yet, managers who seek to address such problems need to d iscuss with DC personnel and with the store teams on these issues. Decisions cannot be taken without consulting both sides. The second problem is handling a dominant employee who seems to exert both a positive and negative influence on his team members. The situation would have been positive if, even in Bigelow’s absence, the DC operated smoothly with very minor lapses due to lack of leadership. But we find clear evidence that he has been able to influence his co-workers to sabotage daily operations because of his unjustified suspension. This kind of negative influence is bound to affect the company in the long run. It shifts the focus from an impartial, unbiased dedication to work to dependence on a single person, who can drive day-to-day activities. For an aggressive DC manager, Bigelow is bound to create problems. He is unlikely to take orders from his superior. In fact, Bigelow has been trying to lord over his superiors. A second problem is that such a leadership (Bigelow ’s) would foster a cover-up of real problems. For instance, if two or three poor performers are there in his team, then Bigelow would try to cover their shortcomings. This would impact worker morale and productivity. A similar attitude of covering up of performance metrics (such as shrinkage) would ensue since we have glimpses of such acts towards the end of the case. The third issue, more strategic in nature, calls for a decision to shut down the DC in Providence and shift to Newburgh. This could have a bigger impact on the company. The first is that there must be a thorough assessment of whether the Newburgh facility can handle the volumes which were earlier managed by the Providence DC. It needs proper computation of DC space, forklift movement space and additional personnel needed to man operations. The second point of concern is the distances which need to be served if all logistics were to be managed from the Newburgh center. Response time may increase leading to empty or partially replenished shelves at the retail stores. This would directly hit the store revenues. The third issue would also lead us to the problem of managing retrenchment or re-allocation of personnel from the Providence DC. Employees with strong roots may resist any attempts to re-locate and they may be willing to give up their jobs. Additionally, this could result in legal problems if any of them decide to sue the company. Plus, there could be talented, good performers at the Providence DC, who may not

Paintings of Picasso during the Modernism Essay

Paintings of Picasso during the Modernism - Essay Example The essay "Paintings of Picasso during the Modernism " will help to understand the role of Pablo Picasso's art in the modernism. Art paintings that emphasizes material content and the social perception is perceivable as incomplete compared to art paintings in which the content is down played, and formal elements emphasized. The principles of modernism period are clearly visible in the works of Pablo Picasso, who perhaps can be considered as the most illustrious modern painter; conversely, the difference that exists between content and form is not one-sided or simplistic. Considerably, Pablo Picasso's paintings were not absolutely abstract; in most instances the paintings contained references, though unclear, to the material art world. Furthermore, while Pablo's paintings were characteristically concerned with the Cubism and universality, it helped shape and model abstract art. Social elements that were of interest then were incorporated in most of his works. Incorporation of social e lements in his works further complicated Picasso’s stature as a modernist artist. Consequently, though Picasso's art paintings encompass modernistic elements they are considerable as more complex in a modernistic sense because of all the elements incorporated in them. In the early 1900s, Picasso instigated his first unique style, which is referred to as the Picasso’s blue period. He restricted the color scheme he employed to blue, Picasso illustrated withered and solitude body forms whose figures and appearance signified the inferiority.