Tuesday, May 26, 2020
Essay Topics That Are Sociological
Essay Topics That Are SociologicalWhen it comes to essays that are essay topics, most people tend to think of them as cold facts that don't relate to anyone else. When it comes to essay topics, most people feel the same way about intelligence, but it can be a little more complicated than that. Especially when you are dealing with topics that are sociological in nature, people feel very differently about the relevance of different topics.Sociological questions are not necessarily questions about common people. They deal with society as a whole. They tend to center on ideas and worldviews that are understood as prevalent and as a part of a standard or expected culture. Many of the people who will take your sociology essay will never have had a sociological discussion with you and will just assume that you know all about the various concepts.But the sociological essay topics that are widely accepted are ideas that have been decided as usual for the standard culture. Even if you haven't read the sociological books about race or gender, most people will assume that you know all about these subjects, at least on a superficial level.You will have to take the time to find a common subjects for these topics. For example, the sociological essay topics about racism fall into these four categories: to others, their implications, and how society deals with it. These are by no means the only topics, but they are the four most popular among people. So if you want to write a sociology essay topic that is a little different, you need to make sure that you are having sociological discussions about these topics with people who are knowledgeable in the subject.No matter how different people feel about certain topics, it is not enough to simply take the words and see what you can figure out. You will have to talk to people who are educated and skilled in these areas. Also, if the subject has a big influence on society, then your topic will have to be covered in depth.Sociological t opics can lead to a number of different attitudes. But when you take the time to talk to people who have the most experience with these topics, then you will be able to move away from general assumptions. Talking to people who have the most common experiences with these topics will be more important than talking to people who have learned about them in other ways. If you are going to write a sociology essay topic, you need to make sure that you have sociological conversations with people who can help you determine the relevance of your topic.Social theorists would often say that social issues are not real sociological issues at all. While they are important, they are also abstract and theoretical. You will need to make sure that you make them into a specific sociological subject, and that you make sure that the topics that are relevant to the topics that you have chosen are actually understood by the people who will read your essay. You need to make sure that your sociology essay to pics are valid and that they are relevant to society.
Monday, May 18, 2020
Milton Friedmans Views on Business and Ethical Consideration
Question 1: In the 1960s, Milton Friedman said that the purpose of business was to increase shareholder return and that issues of ethics were not the concern of any business – the law should be complied with, morality should be strived for, but ethical consideration had no place in the business environment. Ø Consider the multiple publics (employees, suppliers, consumers, communities, and shareholders for example) that are involved in all business transactions. Ø Explain why ethical consideration IS appropriate and required when conducting business in the 21rst century. Ø Give some specific examples of ethical issues that confront businesses and how these might be addressed. Answer 1: While doing some research about Friedman’s†¦show more content†¦I believe that companies are responsible to honor their promises and show their good manners to the society, it is very important to look good in front of the world as an ethical company with good manners. Ethical consideration is required when conducting business in the 21st century for many reasons. First of all, there is nothing wrong from being ethical, in the contrary you will gain people’s trust and chances for your company to be more reputable are much higher. When considering ethical issues, we have to consider things in a global prospective, because what may be perfectly right for one nation may be looked in a different way from a different nation. So, people have to be very careful when setting ethical standards, and sometimes businesses are forced to follow morals of another country. Paying attention to details is the key to success, and I have noticed this while living in Qatar, how some of the global companies have changed TV advertisements and they have adopted them to Qatari culture. For example when they are presenting a new softener for clothes they may use a model wearing hijab (a veil to cover female’s hair) and this is very appreciated in Muslim countries and makes them buy that product instead of another products using a normal model. With other words, this would not be an unethical situation back in the States but in the other hand it touches the moral of a different nation andShow MoreRelatedThe Ford Pinto Case Analysis1576 Words  | 7 PagesThe Ford Pinto Case Milton Friedman believed a free-market system, in which goods and services are exchanged and controlled by individuals and privately-owned businesses without government authority, was the only way to achieve personal freedom. Adam Smith, a 18th century philosopher and economist, held the belief that in a free society, the role of government should be limited to the protection of the people, the administration of justice through the court system, and the maintenance of all publicRead MoreCritique of Milton and Rose Friedman, Free to Choose.1587 Words  | 7 PagesEssay question: Milton Friedmans claims that ‘voluntary exchange is a necessary condition for both prosperity and freedom. Carefully examine the assumptions about ‘power, ‘choice and ‘market efficiency that underpin his claim. Give reasons for your agreement or disagreement with him. This essay is a short critique of the theory by Milton and Rose Friedman, Free to choose: A personal statement, focusing on chapter 1. I will argue that Friedman is right in saying, Â… voluntary exchange isRead MoreFriedmans View On Corporate Social Responsibility1775 Words  | 8 PagesFriedman’s View on Corporate Social Responsibility The answer to the questions of Why does a business exist? and What purposes does/should it serve within society? are not agreed upon by all. The concept that companies having social obligations beyond their economic benefit is controversial (Chandler Werther Jr., 2014). This paper will briefly examine the viewpoint of the well-known economist, Milton Friedman, whose assertions have been very influential in the debate surrounding corporate socialRead More Business vs. the Environment Essay1423 Words  | 6 Pages Business vs. the Environment Business today has so many responsibilities. Aside from making a profit, they are forced to take on a different responsibility, one that involves the environment. Even though, they already have many regulations set by the government, they are still being asked to answer to the call of helping out the rest of society take of nature. This essay will discuss the pros and cons of corporate responsibility for the environment through the agent-of-society and agent-of-capitalRead More: Critically Evaluate Corporate Social Responsibility as an Ethical Tool Basing Some of Your Argument on the Toyota Case Study1711 Words  | 7 Pagesfor a firm to purse long term goals that are good for the society. This entails the continuing commitment by business to behave ethically and contribute to economic development while improving quality of the workforce and their families as well as that of the local community and society at large. Bhatia (2004) defined corporate social responsibility as a tool that encompass good business ethics and encourage enterprises to be involved in social issues such as community improvement, improving underdevelopedRead MoreDo You Agree with Milton Friedman’s (1970) Claim That: â€Å"the Only Responsibility of Business Is to Increase Its Profits†?2888 Words  | 12 PagesDo you agree with Milton Friedman’s (1970) claim that: â€Å"the only responsibility of business is to increase its profits†? Today we live in a world were companies are major actors and influence society on many levels. This is why ethics were brought into the business world. Ethical enterprises follow certain values and moral beliefs and were created with the supposed intention of using that influence in a positive way and protect what surrounds them, whether it is the people who work for the companyRead MoreImportance Of Corporate Social Responsibility On Todays Society1136 Words  | 5 PagesImportance of Corporate Social Responsibility in today’s society Before five years, I came across a situation which led me to think about the importance and need of social responsibility by business enterprises. To start off giving a brief background, my brother was a fresh graduate from the school of architecture where he got his first individual contract in India. He had to design a mall that was planned to kick start after few years. The land where it was being constructed belonged to an oldRead MoreImportance Of Corporate Social Responsibility On Todays Society1293 Words  | 6 PagesJait Shukla ENG W 131 Essay 2 Importance of Corporate Social Responsibility in Today’s Society Before five years, I came across a situation which led me to think about the importance and need of social responsibility by business enterprises. To start off giving a brief background, my brother was a fresh graduate from the school of architecture where he got his first individual contract in India. He had to design a mall that was planned to kick start after a few years. The land where it was beingRead MoreThe Friedman Doctrine And Social Responsibility1276 Words  | 6 PagesThe Friedman Doctrine Taking a share holder approach to social responsibility, Milton Friedman views shareholders as the economic engine of the organization and the only group a firm must be socially responsible to. For the risk taken by investing in the firm, Friedman says the goal of the firm is to maximize profits and return portions of those profits to shareholders. Because a firms’ only concern is to increase profits for themselves and shareholder, they have not social responsibility to theRead MoreCorporate Social Responsibility At The End Of The Tunnel1131 Words  | 5 PagesSocial Responsibility: The necessary price to win customers A business is not a business without struggles. Even when a business is considering wise strategies to manage several issues, there are possible chances of not finding the desired solutions at the end of the tunnel. Thus, it is undeniable that businesses lean on larger industries and supportive organizations during these times. Issues and problems are inevitable in every business just as they are in society. A society relies on a variety of
Friday, May 15, 2020
Similarities and Differences amongst Multiple Sclerosis...
There are differences and similarities between multiple sclerosis and muscular dystrophy. Multiple sclerosis is understood to be an autoimmune disease that affects the central nervous system. However, muscular dystrophy is a genetic disorder that affects the peripheral nervous system. Multiple sclerosis is seen as progressing asymmetrically from the loss of myelin. Likewise, muscular dystrophy presents with a symmetrical wasting of the muscle and distribution of weakness. Muscular dystrophy is a group of similar conditions that affect the voluntary muscles. Multiple sclerosis is often diagnosed in the late twenties while muscular dystrophy offsets in young and adolescent aged individuals. Multiple Sclerosis occurs as a result of demyelination of the axons within the central nervous system and neuronal loss.1 The immune system produces antibodies that attack oligodendrocytes. When the oligodendrocytes are destroyed, they produce patches of demyelination referred to as plaques.2 (p.41) These plaques are found in the white matter of the central nervous system. With the loss of myelination of neurons, the transmission of signals may become slowed or blocked.2(p.41) Communication between the brain, spinal cord, and other areas of the body are hindered.3 Multiple sclerosis may result in the deterioration of the myelin surrounding the nerves, and also the nerves themselves. Unfortunately, this disease process is irreversible, incurable and often debilitating.3 The etiology of
Wednesday, May 6, 2020
Capital Punishment And The Death Penalty - 1714 Words
Capital punishment, or the death penalty is the legally authorized death of an individual as punishment for a heinous crime, typically one that involves murder. The legality of it varies by state and it continues to be a contentious topic of discussion in the United States. Furthermore, in recent decades, public opinion has been shifting from a supportive stance to an unsupportive stance on the use of the death penalty. It is now perceived by most people to be an unethical, immoral, and expensive way to punish criminals. There are also concerns about the possible execution of potentially innocent people. In utilizing a utilitarian philosophy regarding capital punishment, the crux of the issue pertains to whether or not a potential act will lead to a feeling of pleasure or pain. By applying this view, the death penalty is considered to be an immoral and evil due to the fact that it inflicts pain on the criminal before, during and after the action is performed. The moral framework I tend to personally abide by is utilitarianism. Utilitarianism is the ethical concept that the actions that lead to the most pleasure are moral and good, whereas those that lead to pain are an immoral evil (Boss 23). When making decisions, I contemplate the advantages and disadvantages of each option presented before acting upon it. In addition, I consider those who would possibly be affected by my decision both positively and negatively. Like utilitarianism, I choose the option with the leastShow MoreRelatedCapital Punishment : The Death Penalty1482 Words  | 6 PagesMrs. McElmoyl 12/12/14 Capital Punishment As stated by former governor of New York, Mario M. Cuomo, Always I have concluded the death penalty is wrong because it lowers us all; it is a surrender to the worst that is in us; it uses a power- the official power to kill by execution- that has never brought back a life, need inspired anything but hate. (Cuomo 1) This is one of the main arguments against capital punishment (also known as the death sentence.) Capital punishment is the ability for a governmentRead MoreThe Death Penalty And Capital Punishment931 Words  | 4 Pageswritten down (Robert). The death penalty was applied for a particularly wide range of crimes. The Romans also used death penalty for a wide range of offenses. Historically, the death sentence was often handled with torture, and executions, except that it was done in public. In this century, the death penalty, execution or capital punishment, whatever you’d like to refer it as, is the result for committing capital crimes or capital offences and it is not in public. The death penalty has been practiced byRead MoreCapital Punishment : The Death Penalty1410 Words  | 6 PagesCapital Punishment in America In 1976 the Supreme Court of the United States of America ruled the Death Penalty constitutionally permissible. The debate over capital punishment has always been a topic of great controversy. Before the Supreme Court ruling in 1976 America had been practicing capital punishment for centuries. At the current time some states enforce the death penalty, while some do not. There are differences of opinion’s relating to whether or not the death penalty is the proper wayRead MoreCapital Punishment And The Death Penalty991 Words  | 4 PagesCapital Punishment Imagine your having a normal morning, eating breakfast doing your normal routine. Suddenly your phone rings and when you answer you hear the worst news possible. One of your family members has just been murdered in cold blood. You cry, mourn, then become angry. You attend the court hearing and you sit less than 20 feet away from the murderer. Do you truly believe this person deserves to live? Or should they face a punishment that is equal to their crime? Some may say CapitalRead MoreThe Death Penalty And Capital Punishment1569 Words  | 7 Pagesthe death penalty also referred to as capital punishment. The death penalty is both useless and harmful to not only criminals but also their potential victims. This paper uses these horrific facts to try and convince the reader that the death penalty should be done away with before it is too late, although that time may have already come. With supporting evidence to support my cause, I hope that the following information sways at least one reader to see the harm of keeping the death penalty an activeRead MoreCapital Punishment And The Death Penalty1235 Words  | 5 PagesWhat is capital punishment? Why do people support it, but yet people cherish lives? Is it a moral thing to do? Should one be for or against the Death Penalty? Let’s take a look deep into the world of justices and why capital punishment still exists in today’s society. Capital punishment or the death penalty is a feder al punishment given to criminals who are convicted of murders. It is the highest law punishment available that can prevent future murders by developing fear within them. Capital punishmentRead MoreCapital Punishment And The Death Penalty1017 Words  | 5 PagesName: Lucas Falley Topic: Capital Punishment Background: Capital punishment, or the death penalty, has existed for thousands of years. For as long as there has been organized society, the death penalty has existed in numerous cultures and civilizations. Throughout the years the methods have changed, but the use of capital punishment is becoming a pressing matter. Amnesty International reports that there are 140 countries worldwide that have abolished the death penalty, while over 50 countries stillRead MoreThe Death Penalty Is A Capital Punishment1271 Words  | 6 Pages What is the death penalty? The death penalty is a capital punishment that is punishable by death or execution. This is usually given to people that have committed serious offences or capital crimes. There are 31 states in the United States that are for the death penalty. Crimes that are punishable by the death penalty, vary from state to state. Examples of such crimes are; first degree murder or premeditated murder, murder with special circumstances, such as: intende d, multiple, and murder whichRead MoreCapital Punishment And The Death Penalty1539 Words  | 7 PagesCapital punishment, otherwise known as the death penalty, has been the center of debate for a long time. Capital punishment may be defined as the â€Å"[e]xecution of an offender sentenced to death after conviction by a court of law of a criminal offense†(Capital Punishment). Up until 1846, when Michigan became the first to abolish the death sentence, all states allowed legal practice of capital punishment by the government (States). Currently, there 32 states still supporting the death penalty and 18Read MoreThe Death Penalty Of Capital Punishment1480 Words  | 6 Pagesjustice system, such as the death penalty. Capital punishment has been used many times in history all around the world, and it was quite popular. Many people argue that capital punishment is useful in deterring crime and that it is only fair that criminals receive death as punishment for a heinous crim e. On the contrary, others see the death penalty as a violation of the 8th amendment. It restricts excessive fines, and it also does not allow cruel and unusual punishment to be inflicted upon criminals
Dominicans And Afro-americans Essay - 944 Words
In America today, there is a large and diverse African-American population. Within this population, there are several ethnic groups. The other ethnic group similar to Afro-Americans is Dominicans. Not only are they both minorities, but they also look similar as well. Both Dominicans and Afro-Americans are originally from Africa, but their slave masters separated them into two different cultures. African-Americans was African slaves of Americans, and Dominicans were African slaves of the Spanish. Hevesi of the New York Times says, quot;Dominican and Afro-Americans culture was formed from one ethnicity, Africansquot; (Hevesi 86). As a person of these two ethnic groups, I have two perceptions of my dual ethnicity. Among Afro-Americans’ and†¦show more content†¦In a way Dominicans and Afro-American languages are the same because of the content of their language. As being African slaves, Dominicans and African-Americans dont speak their second language correctly. In the Un ited States today there are Dominicans and Afro-Americans. Some American Dominicans speaks English, with slang as the Afro-Americans do. The African slaves couldnt pronounce the words of their newfound language. They made other words that they could relate to with one another. Both Dominicans and Afro-Americans did this. Afro-Americans and Dominicans have different values and different styles of life. Most Dominicans are racist towards African-Americans because â€Å"America†perceives them as the same ethnic group. I think that because of this, Dominicans feel insulted that they can’t be viewed as Hispanics. Even though Dominicans have African influences just as Afro-Americans do, they don’t want to be accepted as blacks. For example, some Dominicans don’t want other Dominicans to date Blacks and have interracial relationships. They are not realizing how similar their cultures are. Dominicans believe that they have a full Spanish heritage and they try to forget about their African origins. Dominicans value life as Spaniards. Dominicans were completely brainwashed away from their African background that is really hard for them to escape from. Dominicans eat different types of food and they listen to different types of music than AfricanShow MoreRelatedCultural Identity1007 Words  | 5 Pagesoff the â€Å"Black and/or African-American†box. Baffled, he asks, â€Å"Why did you check that box off? We aren’t Black.†I stared at his alarmed face in amusement, studying the ebony skin that envelops his being. Releasing an all-too-familiar sigh, I raise my bronzed arm to his. â€Å"Yes, we are,†I reply. My entire life I have led an internal battle with my cultural identity. I am a first-generation citizen of the United States of America. I am a daughter of two Dominican parents, who emigrated from theirRead MoreRace, Ethnicity, And Gender783 Words  | 4 Pagestheir race, ethnicity, social class and gender. There are many philosophical theories that relate to these discussion such as white gaze, one drop rule, and five faces of oppression. Moreover, these theories also applies to my ethnicity which is Dominican. Even though race is not a real concept, due to the fact that is a men made belief to categorize people based on their skin color, culture, and religion, it isolates people into experiencing new things. Thorough history, we have seen how blacksRead MoreAfro Latino Identity : America1066 Words  | 5 PagesNyya Bradley Professor Ada Diaz English 003-10 February 18, 2015 Afro-Latino Identity in America Imagine you are a person of mixed Latino race living in the United States and you are preparing to fill out a census form. None the choices accurately display who you are racially. This is a problem for many people of Afro-Latino descent. An Afro-Latino is defined as any person who is of both Latin and African descent. The Office of Management and Budget (OMB) defines Hispanic or Latino as â€Å"a personRead MoreI Am Third Generation Puerto Rican American1320 Words  | 6 PagesGallerie Quezada 22 October, 2017 Sociology 1001 Professor Bunyan I am third-generation Puerto Rican American. Although some do not see me as black, my race is black, my ethnicity is Puerto Rican, and my nationality is American. I grew in a city where 39.3 percent of the population is Hispanic. Growing up in urban city where a large percentage of the population is Hispanic shaped who I am, what I have learned, and the struggles I overcame. Even though there is no specific Puerto Rican skin toneRead MoreBlack in Latin America688 Words  | 3 PagesBlack in Latin America: Haiti and the dominican Republic 1) How did Haiti and the Dominican Republic begin? What European countries influenced the development of these nations? - Haiti and the Dominican Republic is an island with two countries of Hispaniola. Haiti makes up 1/3 of the island while the Dominican Republic makes up the rest of the 2/3 of the island. The Dominican Republic contains a mix blood of Afro-European population with the history of Spanish colonialism, while Haiti has African-caribbeanRead MoreHarvest of Empire by Juan Gonzalez Essay examples1340 Words  | 6 Pagesimmigrants from Puerto Rico, Mexico, Dominican Republic and Central Americans. Gonzales develops his thesis by asserting that Latin American immigration and Latino presence in the United States are markedly different from European immigration history to this country in at least three main ways: Latino immigration is closely tied to the growth and needs of the U.S. empire; race and language attitudes in this country have had the effect of moving Latin Americans not from immigrant to mainstream statusRead MoreAn Active Role in Shaping History Essay1590 Words  | 7 Pagesheritage (in addition to European and Native American heritages as well). Since then, the African-descended have experienced more employment, improved education, and leadership. Gomez also noted how blackness was not entirely recognized in the Caribbean with the example of the Dominican Republic and Haiti. Race was an arbitrary and politicized concept because being black was really associated with being Haitian and impoverished. Although the majority of Dominicans were of mixed race, they did not acknowledgeRead MoreAfro-Latinos in NYC1406 Words  | 6 Pagesï » ¿Afro-Latino in New York City Growing up in New York City is a very unique experience. You grow up surrounded by a diverse population of people packed tightly into one city. But with this kind of diversity come the questions of self-identification and how others view you. I was born and raised in the upper Manhattan neighborhood of Washington Heights which is known for its mostly Dominican population. Moreover, growing up in the public school system and everyday New York living has exposed meRead MoreEssay on History of Rumba, Merengue and Salsa1379 Words  | 6 Pagesto Holger Henke in his The West Indian Americans, Jamaican Rex Nettleford was correct when he said, â€Å"’dance was a primary instrument of survival’.†As such a vital part of cultural traditions, dance plays and integral role in the history culture. Three of the most influential styles of dance in the Caribbean are the Rumba, The Merengue, and the Salsa. The word Rumba is defined by the Merriam Webster Dictionary as â€Å"a ballroom dance of Haitian and Dominican origin in 2/4 time in which one foot isRead MoreEssay on Dominicans In America2327 Words  | 10 PagesDominicans In America The Dominican Republic or also known as La Republica Dominicana is a small island that is 18,816 square miles, located off the coast of Florida. The Dominicans of this land share their island with the Haitians. The island has a subtropical climate, mountains, rolling hills, and fertile river valleys. The economy is mainly dominated by sugar, which still earns much of the countrys foreign exchange despite establishment of varied light industries and the development of nickel
frankenstein ethos Essay Example For Students
frankenstein ethos Essay The story begins with and is enveloped by Waltons letters to his sister. His sister is very close to him; as can be seen by the affection terms used for her and the comfort level that Walton has with her; terms such as dear sister and my sister. This relationship that Walton has with his sister is placed on the reader through his expressions and use of language. The reader is forced into the role of a character that already has some developments. Waltons sister is a character that exists prior to the story; this can be seen by the way Walton treats his subject. Because the reader is the audience with her, the reader is pushed into that role, but not to become a part of the story, only to develop the relationship with Walton. The purpose of this suddenly close relationship is to bring credibility to the narrative of Frankenstein and ultimately bring credibility to the narrative of the monster. This is done be enveloping Waltons letters around both these narratives. These layers sustain the relationship through the novel and allow the reader to be outside of the story, physically in another location as Waltons sister is, but to be close and credible. This established relationship that the reader is now part of allows the emotions that Waltons sister may have felt to be recreated and obvious to the reader. Be Assured I will not rashly encounter danger. Walton reassures his sister and it is made clear to the reader that she feels concern for him due to his tendencies. This emotion that she feels is recreated by his words of comfort to her. This pathos helps to build the relationship as do the other elements in combination with it. In many circumstances, the letters also appeal to a more logical sense. Walton believes in his cause and believes that his sister (and reader) do not agree with this cause. Because of this temperament, Walton feels the need to justify his actions. So he justifies his actions with logical proof, these logical proofs appeal to the mind of the reader. This logos helps to build the relationship as do the other elements in combination with it. The story ends with the letters to complete the encirclement and enclosure of the relationship so that all the elements that helped build credibility and a relationship in the beginning are sustained throughout. Bibliography:Behrendt, Stephen. Approaches to teaching Shelleys Frankenstein. New York : ModernLanguage Association of America, 1990. Mellor, Anne Kostelanetz. Mary Shelley, her life, her fiction, her monsters. London :1989. Shelley, Mary. Frankenstein. New York : Dover Publications, 1994. Swearingen, C. Jan. Rhetoric and irony : western literacy and western lies. New York :Oxford University Press, 1991. Although the letters create an effective and believable ethos, unless the story within sustains this credibility where situations become unbelievable, the narration loses effect.
Tuesday, May 5, 2020
Analysis of Regional Express Holding
Question: Discuss about the Annual Report Analysis of Regional expressHolding Limited Answer: Introduction: Regional express Holding limited is the largest independent regional airline of Australia. Organization enjoys monopoly power which places it in the position that is favorable due to positive shift in the number of passengers. The main focus of the Group is on the small regional routes in SA, NSW, QLD, Victoria and the monopoly power is enjoyed in more than 70% of the route (Rex.com.au 2017). Rex is in a very strong capital position and it has a bulk of the value of the assets in cash. Several costs are incurred by the airline. The key factor for the success of the organization is that it focuses on the regional routes and it does not operate on the trunk routes. Group operated with little or no competition. Discussion: Conceptual framework: Organization has the conceptual framework for different aspects and it is prepared according with the Australian Accounting standard. The reporting of the statements of financials is made according to the standards. Framework of the Group is based on three factors that include maintaining the optimal capital structure and the development of the contributed capital. Optimal capital structure: The Group is able to manage the capital to ensure that the entities would be able to continue as the going concern and at the same time maximizing the profits for the shareholders. Since the year 2014, the overall strategy of the group concerning the capital structure remained unchanged. As disclosed in note 12 of the report, debt is also included in the capital structure. Equity holders of the parents are attributable to the reserves, issued capital and retained earnings. Overall capital structure of the Group is balanced through the dividend by back, share issue and dividend payments (Rex.com.au 2017). Improving return on invested capital: Rex has experienced an increase return on the invested capital. Rex has strong business model and attractive long term prospects. Capital allocation: Airlines such as Regional Express are capital expensive and the investors are offered with the poor return. The dividend payout ratio is planned at 30%-40%. Price of share is not expected to reach at the intrinsic value at this pace. Turnover generated is illiquid and to small for the institutional investors. Return of shareholders: Rex believes that the interest of shareholders are best served by pursing the sustainable growth of the earnings. Maximizing the return of the shareholders in the long term is not compatible with the responsibilities and duties with the other stakeholders. Critical accounting Judgments: Directors are required to make estimates, assumptions and judgment about the carrying amount of the liabilities and assets that are not readable apparent from the other sources. This is in regard to the application of the accounting policy of the Group and is described in Note 30. Revision to the accounting estimates are recognized in which the estimates are realized. Judgment of management is applied in determining the key assumptions about the future on cost rate, future increase in salaries sand wages and period of service and experience of employee departure. Dividends: For the financial year ending 30th June 2015, the deferral of the decision to pay dividends in November is recommended by the Board. The final dividend per share given to the shareholders is fully franked and after corporate tax rate of 30%. Dividend is reflected in the financial statements and is declared after the balanced date (Rex.com.au 2017). Directors report: The report presented by the director set out the remuneration of the executives. The deed of cross guarantee, the wholly owned entity has been relieved from the requirement of preparing the directors report Notes to Financial statements: Regional express is listed on the Australian stock exchange and at and the interpretation and standards are listed below at the date when the financial statements are authorized: Risk management: The economic risk and management of the business is an integral part of the operations and the process of risks managements has been integrated into the operations. The risk management committee ensures that the programme concerning risk management are in place to protect the value of the shareholders and the assets of the Group. Risk framework of the Group is approved and monitored and this also include the internal control system. Cash and cash equivalent: Cash comprise of demand deposits and cash on hand. On the other hand, the cash equivalent comprise of highly liquid investment that can be readily converted into known amount of cash and the short term assets. These are subject to risks of changes in value that are insignificant. In the consolidated balance sheet statement, bank drafts are shown within the borrowings of the current liabilities. Independent auditors report: The audit of the organization is conducted in accordance with the Corporation Act 2001 and Australian accounting standard. Internal control of the Regional express and conducting the audit enables financial report presentation that is free from the material misstatements and gives the true and fair view (Rex.com.au 2017). The independence declarations is given to the directors of the Regional Express Holding Limited and the opinion are as follows: The financial report is prepared in accordance with the corporation Act, 2001 and it includes that it gives the fair and true view consolidated financial position of the entity and performance for the year ended. It also complying with the regulations and with the Australian accounting standard. Consolidated financial statements also prepared and are in compliance with the International financial Reporting standards. The disclosure is made in Note 30 of the financial statemement. Intangible assets: Intangible assets are tested for the impairment annually and the assets are impaired according to the indication. These assets are recorded at the cost which is less of impairment loss and accumulated amortization. Capital management: One of the strategic and the financial goal of the company is managing the capital. Capital structure of the Group is reviewed on an annual basis and in regard to this, the cost of capital of the risk associated with it is reviewed by the Board. It intends to maintain the optimal capital structure. Directors declaration: Conclusion: From the above analysis of the annual report of Regional express Holding Limited, it can be concluded that the Group enjoys the strong monopoly power in the regions of Australia. Airline industry in Australia is highly regulated and are subjected to legislative provisions. Therefore, the airline is highly regulated. Reference and Bibliography: Ahmed, A.S., Neel, M. and Wang, D., 2013. Does mandatory adoption of IFRS improve accounting quality? Preliminary evidence.Contemporary Accounting Research,30(4), pp.1344-1372. Bebbington, J. and Larrinaga, C., 2014. Accounting and sustainable development: An exploration.Accounting, Organizations and Society,39(6), pp.395-413. Boone, L.E. and Kurtz, D.L., 2013.Contemporary marketing. Cengage learning. Chambers, R.L. ed., 2014.An accounting thesaurus: 500 years of accounting. Elsevier. Chatfield, M. and Vangermeersch, R., 2014.The history of accounting (RLE accounting): an international encylopedia. Routledge. Grant, R.M., 2016.Contemporary strategy analysis: Text and cases edition. John Wiley Sons. Greenbaum, S.I., Thakor, A.V. and Boot, A. eds., 2015.Contemporary financial intermediation. Academic Press. Hall, J.C. and Lawson, R.A., 2014. Economic freedom of the world: an accounting of the literature.Contemporary Economic Policy,32(1), pp.1-19. Henderson, S., Peirson, G., Herbohn, K. and Howieson, B., 2015.Issues in financial accounting. Pearson Higher Education AU. Horngren, C.T., Sundem, G.L., Schatzberg, J.O. and Burgstahler, D., 2013.Introduction to management accounting. Pearson Higher Ed. Horngren, C.T., Sundem, G.L., Schatzberg, J.O. and Burgstahler, D., 2013.Introduction to management accounting. Pearson Higher Ed. Macve, R., 2015.A Conceptual Framework for Financial Accounting and Reporting: Vision, Tool, Or Threat?. Routledge. Rex.com.au. (2017). [online] Available at: https://www.rex.com.au/AboutRex/InvestorRelations/REX_2007-05-25.pdf [Accessed 28 Jan. 2017].Rex.com.au. (2017). [online] Available at: https://www.rex.com.au/AboutRex/InvestorRelations/09-REX-InitiationofCoverage-1028%20_Website_.pdf [Accessed 28 Jan. 2017].Rex.com.au. (2017). [online] Available at: https://www.rex.com.au/AboutRex/InvestorRelations/img/AR_FY1415.pdf [Accessed 28 Jan. 2017]. Selwyn, N., 2016.Education and technology: Key issues and debates. Bloomsbury Publishing. Prasetyo, W., 2017. ACCOUNTING EDUCATION RESEARCH: EXTENDED DRAMATURGICAL INTERVENTIONISM APPROACH. Zadek, S., Evans, R. and Pruzan, P., 2013.Building corporate accountability: Emerging practice in social and ethical accounting and auditing. Routledge.
Subscribe to:
Posts (Atom)