American Foreign Policy And Foreign Aid - 1366 Words

American Foreign Policy and Foreign Aid America tends to involved herself in many other countries affairs. This creates large amounts of national debt, war, and in some cases enemies. I believe that the American government should leave other counties alone until they decrease nation debt, decrease unemployment rate, and end our current complications with other countries. For those of you who do not know what foreign policy is, it is the way that America’s government interacts with other countries. Foreign aid is the amount of money and any other services that America’s government gives to other countries. This includes any gift, loan or credit. This also includes any training service, property, personal technical advices or agricultural commondimently (Foreign Assistance Act of 1963). An example of U.S. foreign policy was during the late 1930s and early 1940s during WW2 when we had a hands off policy because we were suffering from the great depression but after Pearl Harbor was attacked we joined the War (Na tional WW2 Museum, pg 1). An example of U.S. foreign aid is the 3.1 billion dollars that we give to Israel (U.S. State Government 2013-2014 Foreign Assistance Report) America has always had a strong influence on the rest of the world, and has always been relied and depended upon by other countries for money and Aid in general. Approximately 76% of all the countries in the world receive American aid (U.S. State Government 2013-2014 Foreign Assistance Report). This isShow MoreRelatedThe Truman Doctrine Was A United States Foreign Policy1574 Words   |  7 PagesThe Truman Doctrine was a United States foreign policy established by President Harry S. Truman (1945-1953) in 1947. 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In addition, U.S. Foreign Assistance levels are at their lowest levels in over 50 years (Ten Questions Commonly Asked About U.S. Foreign Assistance Programs, March 6, 1995). The United States should continue providing assistance to poverty-stricken countries because American benefitsRead MoreTo what extent did the goals of American foreign policy change in the years 1930-1941? For what reasons did these goals change?1205 Words   |  5 PagesThe 1930s were a difficult time for most Americans. Faced with colossal economic hardships—unprecedented in American history—many Americans turned inward to focus on the worsening situation at home. The United States became increasingly insensitive to the obliteration of fellow democracies at the hands of brutal fascist leaders like Hitler and Mussolini. The U.S. was determined to stay out of war at all costs—even if its allies were in trouble; Americans believed that they were immune from Europe’sRead MoreEssay about American Foreign Policy and Global Activism928 Words   |  4 PagesAmerican foreign policy has gone through many changes during our 200 years as an independent nation; our position as a global power has obligated us to participate in world affairs, even when public opinion has been unsupportive. After World War 2 we were only rivaled by the Soviet Union as a superpower; our policy at the time was to establish a righteous world order while simultaneously protecting that order against threats that could tear it down (i.e.: communism). After the end of the cold warRead MoreThe Changes the Obama Adminsitation Has Made in Foriegn Policy959 Words   |  4 PagesThe US has received criticisms due to its post-9/11 foreign policy. Its policy created shifts in alliances and became a polarizing issue both domestically and internationally. The US has had a significant shift since Barack Obama took office, moving away from the foreign policy that was in place under George W. Bush. †¢ Discuss the major changes the Obama administration made to US foreign policy. †¢ Analyze these changes in the context of the international system level, state level, and individual

Analysis Of The Kite Runner By Khaled Hosseini And Dead...

SOI-The purpose of this text was for a connection internal. I have tried to connect each text together through the theme of societal pressure. I have included aspects from each text and linked them together comparing them to real life situations. Growing up in such a judgemental world, we all get judged on the things we do, the clothes we wear, the way we look and the place we originate from. These aspects all blend into one major theme of societal pressure and create many difficulties for some teenagers growing up in this society. The texts, Try by Colbie Caillat, Thrift Shop by Macklemore, The Kite Runner by Khaled Hosseini and Dead Poet’s Society by Peter Weir, all incorporate different ways to express or overcome societal pressure, foreshadowing some sort of advice to the viewer or listener. This allows them to think about their actions and construct a unique world that is suitable for their own culture or living habits. Song lyrics can be a great way to express thoughts, ideas and themes. Societal pressure in this case is expressed through the song ‘Try’ by Colbie Caillat. Many people these days can be quite insecure about their looks, for example, women. In today’s world, we can cover up small marks with makeup and buy flashy dresses to make us look beautiful. However, all we are doing is creating a false image to society in order to make us feel accepted by one another. What the song is trying to convey is that natural beauty should be seen more often and that

Harvey Norman Policies

Question: Discuss about the Harvey Norman Capital Structure, Asset Financing Policy and Distribution Policy. Answer: Introduction In this report an attempt is made to examine and critically evaluate the financing and distribution policy of Harvey Norman Holdings Limited. This is an Australian company that ranks 130 out of top 2000 companies operating in Australia. The company is engaged in four segments retail business, property, franchise operation and other business. The company receives significant revenue form the franchise holders (Fields 2016). The company is engaged in retail business in different parts of the world. This company is considered to be the largest retailer of software and hardware products in Australia. Further the company also receives income from the rent of property. This report aims to discuss the capital structure, asset financing policy and the distribution policy of the company. Capital Structure Current Policy The overall operation of the business and growth is financed by different sources of funds. The combination of different sources of funds that is used by the company is known as the capital structure. There are primarily two sources of funds owners fund and borrowed funds. The borrowed funds include debt, loans, bonds etc. On other hand the owners fund includes equity shares, preference shares and retained earnings (Hattula et al. 2015). The capital structure of the company is assessed by computing the ratios of long term and short term debt. The debt to equity ratio is also referred capital structure ratio. It is important to determine the debt to equity ratio of the company because it is useful in assessing the risk associated with the investment in the company (Dittmar and Field 2016). The capital structure of Harvey Norman is analyzed using the annual report of the company. The capital risk management policy of the company is provided in the directors report. The main objective of the policy is to create value for the shareholders using a sustainable long term basis. The main focus of the management of the company is to maintain stable return for the shareholders and to provide benefits to other stakeholders (Ibert et al. 2017). This is achieved by the management of the company by taking decision that not are not related to short term. In the annual report of the company it is mentioned that it is the intention of the company to maintain a capital structure so that the cost for the company is minimized. In order to take the advantage of lower cost of capital and higher return on assets the company the company constantly changes its capital structure (David and Halbert 2014). The company is constantly altering the payment of dividend, capital repayment, issuing of shares and selling of assets so that the assets can be reduced. On analyzing the annual report of the company it can be said that the capital structure of the company consists of equity and debt. The details of debt is provided in the Note 17 of the annual report of the company and the details to equity is provided in the Note 20 of the report. The net debt of the company is calculated by reducing the cash and cash equivalent from the total debt (Tihanyi et al. 2014). The details relating to cash and cash equivalent is provided in the Note 28(a) of the report. The company uses debt equity ratio as the tool for managing the capital. The annual report of the company provides that the tolerance level for debt for the company is 50%. The debt equity ratio of the company is calculated below: Debt Equity Ratio Particulars 2016 2015 Borrowings (a) $ 654,077.00 $ 698,438.00 Less: Cash and cash equivalent $ (139,847.00) $ (185,840.00) Net Debt (b) $ 514,230.00 $ 512,598.00 Total Equity (c ) $ 2,710,724.00 $ 2,578,910.00 Debt Equity Ratio (a/c) 24.13% 27.08% Net debt Equity ratio (b/c) 18.97% 19.88% Table 1: Debt equity ratio (Source: created by author) Optimum policy In the traditional capital structure theory it is stated that the capital structure of the company is said to be optimum if this conditions exist. The first condition is maximization of market value of assets and the second condition is minimization of weighted average cost of capital. The Tradeoff theory states that initial increase of debt in the capital structure will result in increase in the value of the company (McLean 2014). This increase in value of the company with the increase in the debt in the capital structure will continue till the optimum capital structure is reached. Then after the optimum capital structure is reached any additional increase in debt in the capital structure will result in reduction in the value of the company. There are different methods that are applied for determining the optimum capital structure of the company. One of the popular method is the determination of debt equity of the company. Then after determining the debt equity ratio of the company it is compared with the other competitors and industry standards (Zabri et al. 2014). The assumption that is made in this comparison is that the companies or the industry are operating effective with the optimum capital structure. The willingness of the lender to lend to the company is also taken as one of the method for determining the optimum capital structure of the company. Recommendation for Changes in the Policy The main reason for determining the optimum capital structure is to create value for the shareholders of the company. The primary aim of the capital structure determination is to minimize the cost of capital for the company. The process of determining the optimum capital structure is discussed above. It can be seen from the above discussion that there are certain limitations for ascertaining the optimum capital structure. The first process of ascertaining the optimum capital structure is through comparison with the other participants or with the industry. The main assumption that is made in this process is that other companies and industry are operating at the optimum capital structure. This assumption can be contested and cannot be held as truth. Therefore determining the optimum capital structure by applying this process is not desirable. The willingness to lend is dependent on multiple factors. Therefore determining the optimum capital structure by the application of this process is not desirable. Current Policy The asset financing is a process of obtaining short term loan by using the assets like short term investments, inventory and accounts receivables. The loans are obtained by the company after providing adequate securities in the form of assets to the company. In order to obtain working capital and short term loan the asset financing is the best method (Banks 2015). It can be seen from the annual report of the company that there are various financing facilities that are available to the company. The finance are arranged by the company from borrowings, bank overdraft, syndicate facility arrangement and commercial bills of banks. The short term loans of the companies are all financed using the short term assets of the company (LU et al. 2015). Optimum Policy There are two options for using the assets in order to obtain the loans. The first option available to the company is assets based lending and the second option that is available to the company is asset financing (Wang 2015). In asset based lending the loan is obtained by providing the assets that is being purchased as security. In case of asset financing the loan is obtained by providing different assets as securities. The assets that are provided in the securities are mainly short term assets. Based on the above discussion it can be said that the asset based lending is used for obtaining mainly long term loan and the asset financing policy is used for obtaining mainly short term loan (Baker et al. 2017). Recommendation for changes in the Policy The annual report of the company shows that it has obtained finance from various sources by providing assets as securities for the loans. It has already been discussed that the assets financing is an idle method for obtaining short term loan. Therefore it can be concluded that the current policy of the company for short term loan using the assets as securities is a justified method. Current Policy The distribution policy of the company is the decision that the company has to make in determining the amount of profit the company is willing to distribute as dividends. There are two types of theories related to dividend. This theories are dividend irrelevant theory and dividend relevance theory (Luby 2014). The dividend irrelevance theory states that the dividend policy of the company is irrelevant and does not affect the value of the company. On the other hand it should be noted that many investors considers dividend as the primary source of income. Therefore, it is important to determine the optimum distribution policy of the company (Hope and Fraser 2013). It is the responsibility of the board to decide the amount of profit the company is willing to distribute as dividend. The decision is made by the board after considering various factors that influences the operation of the company. The factor that influences the amount of dividend is the investment opportunity that is availa ble to the company. If the investment opportunity available to the company is high then the company will distribute less profit as dividend. On the other hand if there is low investment opportunity available to the company then in such case the company can distribute majority of its profits as dividend (Besley and Brigham 2013). There are other factors that influences the decision of the company for distribution as dividend. This factors ate tax consideration, legal consideration, return consideration, cash flow constrains and contractual constraints. The above mentioned factors also influences decision of the company for the amount of dividend. The directors report of the company provides the dividend policy of the company (Arize et al. 2014). It is stated in the directors report that the dividend policy of the company is to pay dividend in a manner that it does not negatively influence the capability of the company for obtaining the strategic objectives. In the year 30 June 2016 t he company has declared dividend of 30% per share. The 95.66% of the profit is distributed as dividend during this year end. Ratio of dividend to earning Particulars 2016 2015 Earing per share $ 31.36 $ 24.51 Dividend Per share $ 30.00 $ 20.00 % of earning distributed as dividend 95.66% 81.60% Table 2: Dividend to earnings ratio (Source: created by author) It can be seen from the above table that in 2015 81.60% of the profit is distributed as dividend. In the 2016 the company distributed 95.66% of the profit as dividend so it can be seen that almost all the profit in this year has been distributed as dividend. Therefore from the above table it can be inferred that the company follows a policy of high dividend payouts. This policy might have negative impact on the ability of the company to retain earnings and support growth of the company. The level of the payment of dividend for the company is high. The dividends are paid in the form of cash and form analyzing the financial statement it can be seen that the dividend payment of the company is volatile (Szyszka 2014). Optimum Policy There are different categories of dividend policy stable dividend policy, residual dividend policy and constant dividend policy. The stable dividend policy is the most popular form of dividend policy. In this policy a stable and predictable amount of dividend is paid on a regular basis. In this policy the dividend amount is not influenced by the level of earnings of the company. The aim of the stable dividend policy is to align the dividend policy of the company with its long term objectives. This policy provides the investors safety relating to the amount and time of dividend. However, the main disadvantage of this policy is that as the dividends are constant so the return for the shareholders does not increases if the earning of the company increases. The disadvantage of the stable dividend policy is addressed by the constant dividend policy. The constant dividend policy provides that if the earnings of the company increases then the dividend paid to the shareholder also increases (Lim et al. 2015). In the constant dividend policy a percentage of the earning are distributed as dividends. In this policy the dividend payment of the company becomes very volatile as the increase and decrease of income causes fluctuation in the dividend payment of the company. Therefore, the main disadvantage of constant dividend policy is high volatility in the payment of dividend that make it difficult for planning. The residual dividend policy states that the dividend shall be paid by the company after deducting from income the capital expenditure and working capital requirements. The volatility in the payment of dividend also exist in the residual dividend policy. Recommendation for changes in the Policy The dividend policy as mentioned in the directors report indicates that the company follows a policy where dividends are paid without compromising the future earning capability of the company. It should be noted that the company can attain its strategic objectives if sufficient amounts of profits are retained by the company. It can be said that the company is following residual dividend policy because as can be seen from the above that almost entire profit is distributed as dividend. This dividend policy will result in the reduction of available retained earnings for the company thereby reducing its capability. Therefore it is recommended that the company should reduce the payout level in order to increase the retained earnings for supporting future growth of the company. Conclusion: Based on the above discussion it can be concluded that the capitals structure of the company is justified. Further it can also be said that the company is justified in following the asset financing policy. It should be noted that the distribution policy of the company is insufficient so suggestions is made for changes. References: Arize, A.C., Kallianotis, I.N., Liu, S., Malindretos, J. and Maruffi, B.L., 2014. The Preponderance of stock picking techniques: The practice of applied money managers.Accounting and Finance Research,3(2), p.p87. Baker, H.K., Filbeck, G. and Ricciardi, V., 2017. How Behavioural Biases Affect Finance Professionals. Banks, E., 2015.Finance: the basics. Routledge. Besley, S. and Brigham, E.F., 2013.Principles of finance. Cengage Learning. David, L. and Halbert, L., 2014. Finance capital, actor-network theory and the struggle over calculative agencies in the business property markets of Mexico City Metropolitan Region.Regional Studies,48(3), pp.516-529. Dittmar, A. and Field, L.C., 2016. Do Corporate Managers Know When Their Shares Are Undervalued? New Evidence Based on Actual (and Not Just Announced) Stock Buybacks.Journal of Applied Corporate Finance,28(4), pp.73-85. Fields, E., 2016.The essentials of finance and accounting for nonfinancial managers. AMACOM Div American Mgmt Assn. Hattula, J.D., Schmitz, C., Schmidt, M. and Reinecke, S., 2015. Is more always better? An investigation into the relationship between marketing influence and managers' market intelligence dissemination.International Journal of Research in Marketing,32(2), pp.179-186. Hope, J. and Fraser, R., 2013.Beyond budgeting: how managers can break free from the annual performance trap. Harvard Business Press. Ibert, M., Kaniel, R., Van Nieuwerburgh, S. and Vestman, R., 2017. Are Mutual Fund Managers Paid for Investment Skill?. Lim, J., Sensoy, B.A. and Weisbach, M.S., 2015. Indirect incentives of hedge fund managers.The Journal of Finance. LU, X., LI, H. and CHEN, S., 2015. Top Managers' Characteristics and Financial Fraud Behavior: Empirical Evidence from Chinese Listed Firms.Journal of Audit Economics,6, p.007. Luby, M.J., 2014. Financing Suburbia: How Chicago Suburban Financial Managers Shape the Financial Health of Their Communities. McLean, C., 2014. Market managers and market moderators: Early childhood education and care provision, finance and regulation in the United Kingdom and United States.Journal of European Social Policy,24(2), pp.122-134. Szyszka, A., 2014. Factors influencing IPO decisions. Do corporate managers use market and corporate timing? A Survey.International Journal of Management and Economics,42(1), pp.30-39. Tihanyi, L., Graffin, S. and George, G., 2014. Rethinking governance in management research.Academy of Management Journal,57(6), pp.1535-1543. Wang, M., 2015. Literature Review of Decision Behavior Biases of Enterprise ManagersCase study of overconfidence. Zabri, S.M., Kamilah, A. and Lean, J., 2014. Owner/Managers Financing Preferences and the Proportion of Firms Capital Structure: Evidence from Successful SMEs in Malaysia. InThe International Conference on Business Strategy and Social Sciences(pp. 16-17).

The Single Emotional poeffect Essay Example For Students

The Single Emotional poeffect Essay The Single Emotional poeffectWhen reviewing Nathaniel Hawthornes Tales, Edgar Allen Poe pronounced that the short story, if skillfully written, should deliver a single preconceived effect- an effect upon which incidents be fashioned to accommodate that effect. Edgar Allen Poe was indeed a skillful writer. His short story, The Fall of the House of Usher is a flawless example of a story in which all elements contribute to the delivery of a single emotional effect. Poe accomplishes this by achieving a perfect tone, developing suspense and unifying stylistic elements thereby meeting his own criteria. In his pronouncement Poe also wrote that In the whole composition there should be no word written, of which the tendency, direct or indirect, is not to the one pre-established design. Thus, in The Fall of the House of Usher Poe creates a perfect tone critical to the delivery of his preconceived effect. The senses of insufferable gloom, utter depression of soul and sinking, sickening of the heart which pervade the narrators spirit immediately establish the tone. The narrators description of the scene as dull, dark, bleak, desolate and terrible all function in communicating the tone. These concrete and denotative words ensure a clear and solid tone is conveyed to the reader thereby contributing to the overall effect of terror. The regular use or repetition of the words dark, gloomy and oppressive in some form serves function to further define and emphasize a perfect tone. It also perceivable that Poes choice in the narrators role being the participant supports his intent to communicate consistent feelings; hence consistent tone. In order to strengthen his already established tone, Poe selectively uses imagery in scenes of terrible nature. The imagery created by the descriptive details of the lofty and enshrouded figure of the lady Madeline of Usher and the blood upon her white robes evidence of some bitter struggle upon every portion of her emaciated frame. exemplify th e imagery created by the descriptive details Poe exclusively uses in such scenes of terror. The reserved creation of imagery in these scenes is invaluable to the clarity and emphasis of the tone-a tone vital to the delivery of the single emotional effect of terror. Along with devising a perfect tone, Edgar Allen Poe builds a high degree of suspense in order to bring about his desired effect. Poe is able to skillfully structure long involved sentences that contain several ideas to fit his purpose of creating confusion and mystery. The expression of the narrators feeling of wild amazement and his claim that he did actually hear a low and apparently distant, but harsh, protracted and most unusual screaming or grating sound exemplifies the mix of thought and numerous descriptions that all appear in one sentence. This technique draws the reader into a state of ponder as he tries to make sense of a somewhat overwhelming group of ideas. The intentional absence of detail, imagery and explan ation of certain factors in the story, such as how, exactly, Madeline dies and the nature of her malady, serves function to arouse a great deal of curiosity in the reader as to the answer of these questions. The vagueness of such events result in a high level of suspicion felt by the reader. In preparation for the single emotional effect, Poe sets up his audience through suspense in order to ensure the effect is successfully delivered in a most powerful manner. This is accomplished through the rising level of anticipation he breeds in the reader with the anticipation the narrator feels as he reads The Mad Twist. While reading this story, the narrator, at intervals, hears the very cracking and ripping sound which Sir Lancelot had so particularly described, the low and apparently distant, but harsh, protracted, and most unusual screaming or grating sound and the sound of a shield of brass fallen heavily upon a floor of silver. Through the exposure to these increasingly realistic and b elievable sounds, Poe transposes his audience into the correct mindset for the delivery of his single emotional effect.From the first sentence where the approach to the Usher House is met by intense feelings to the last sentence of utter terror, Edgar Allen Poe creates each paragraph as pieces of a puzzle which all link together to form a single emotional picture of terror. To create a strong unity in this story Poe refrained from including any words, phrases or sentences that would not contribute to the suspense or tone he wished to establish. Other effects such as humor, morality and logic are also deliberately omitted. The consonance and repetition used in Usher speech when he asks Not hear it?-yes, I hear it, and have heard it. Long-long-long-many minutes, many hours, many days, have I heard it and Do I not distinguish that heavy and horrible beating of her heart? Shows how Poe uses these techniques to enhance rhythm and create emphasis thus adding to the unity of the story. Poe s use of parallel and balanced sentences also create consistent rhythm which aid in the maintenance of tone and suspense. The parallelism that exists between the poem the The Haunted Palace and what is occurring in the House of Usher achieves a great deal of unity as it helps to connect the events to come by foreshadowing an imminent, terrible and rapid deterioration of the House of the Ushers. Through directing all elements of his style to one common cause, Poe creates a unified story, optimal of achieving a single emotional effect.Through diction, details, imagery, sentence structure-style-Poe develops a high degree of suspense as well as a perfect tone which remains constant throughout the story. It is clear that through his chosen style, Edgar Allen Poe has devised a believable tale of increasing terror that succeeds in leaving his audience with a powerful, single emotional effect of utmost terror. .ubea42023394087c68a2b6955e4e1f4d1 , .ubea42023394087c68a2b6955e4e1f4d1 .postImageUrl , .ubea42023394087c68a2b6955e4e1f4d1 .centered-text-area { min-height: 80px; position: relative; } .ubea42023394087c68a2b6955e4e1f4d1 , .ubea42023394087c68a2b6955e4e1f4d1:hover , .ubea42023394087c68a2b6955e4e1f4d1:visited , .ubea42023394087c68a2b6955e4e1f4d1:active { border:0!important; } .ubea42023394087c68a2b6955e4e1f4d1 .clearfix:after { content: ""; display: table; clear: both; } .ubea42023394087c68a2b6955e4e1f4d1 { 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; } .ubea42023394087c68a2b6955e4e1f4d1:active , .ubea42023394087c68a2b6955e4e1f4d1:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .ubea42023394087c68a2b6955e4e1f4d1 .centered-text-area { width: 100%; position: relative ; } .ubea42023394087c68a2b6955e4e1f4d1 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .ubea42023394087c68a2b6955e4e1f4d1 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .ubea42023394087c68a2b6955e4e1f4d1 .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; } .ubea42023394087c68a2b6955e4e1f4d1:hover .ctaButton { background-color: #34495E!important; } .ubea42023394087c68a2b6955e4e1f4d1 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .ubea42023394087c68a2b6955e4e1f4d1 .ubea42023394087c68a2b6955e4e1f4d1-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .ubea42023394087c68a2b6955e4e1f4d1:after { content: ""; display: block; clear: both; } READ: Paranoid Personality Disorders Essay We will write a custom essay on The Single Emotional poeffect specifically for you for only $16.38 $13.9/page Order now