The Foundation of a New Science and Wundt as a Figurehead Free Essay Example, 3000 words

Consequently, the levels of literacy were steadily growing in Germany, a factor that eventually led to increased numbers of researchers. This factor facilitated continuation of quality research by Germans. Another important step of the 1800s in Germany was the simultaneous discovery of the of papermaking techniques using pulped wood by German F. G. Keller and Canadian Charles Fenerty (Prepressure. com, 2012). This invention was a major complement of the earlier one by Gottlob and Bauer. The local paper manufacturing and printing businesses became more efficient with these two discoveries, and the new vibrancy in production was accompanied by increased publication of research results. At this point the country was fast becoming a research hub that many other countries could rely on to provide quality products as well as regular publication of research articles by the buzzing press. Several other discoveries followed up to the year 1899, the last year considered in this essay. Each new invention had its own positive implications on the growing field of academic research. Equally, corporates were getting involved in scientific research, which increased the levels of funding for the research society. We will write a custom essay sample on The Foundation of a New Science and Wundt as a Figurehead or any topic specifically for you Only $17.96 $11.86/pageorder now One such investors is the Agfa, which focused on producing color dyes, but eventually specialized in production of film and printing plates. The Linotype, an invention by Ottmar Mergenthaler was significant for its role in easing entry of information into a multi-character keyboard Prepressure. com, 2012). Accumulation of growing knowledge and inventions in the area of printing was one of the major steps towards encouraging greater volumes of publications, and involvement of more scientists. The century preceding 1900 was also full of academic developments that supplemented the roles of researchers. Each university had its own research center. Many of these institutions were already in existence long before the turn of the 19th Century. For instance, the University of Jena (founded in 1558) was the last in a series of the top ten universities formed before the 1600s to be in existence for the entire period between their formations and the 1800s. T he role of these institutions in grooming future researchers cannot be overstated. Equally beneficial was their support for advanced research that led to increased scientific activity around the country. At the time of its unification, Germany was already a leading powerhouse in the field of academia. Each university had its own community of researchers who focused on furthering physical and theoretical inventions and developments.

Definition Of Proper Time Management - 990 Words

â€Å"Success is nothing more than a few simple disciplines, practiced every day†¦Ã¢â‚¬  said Jim Rohn. Successful college students will need to follow a few simple self-disciplines day in and day. But what might those disciplines be? Do a simple Google search on â€Å"how to be successful† and one will find a substantial amount of websites with list after list and idea after idea on this topic. But it really isn’t that difficult. If college students are able to exercise proper time management, poses a strong desire to do well, and apply determination they will find themselves completing college successfully. I once heard someone say â€Å"if you are early you are on time, if you are on time you are late, and if you are late don’t bother†. This statement is a prime example of proper time management. Students that have already taken a college class or two know of those students that are lacking in the time management department. They are the ones that are repeatedly coming to class late, taking longer breaks than the Professor indicated, and are the ones that tend to leave class early. Why are they even bothering with this class? In those ten or fifteen minutes that they are late they have already missed vital information required for the class. They have disrupted other students that showed up on time. I understand that the older one gets the greater his or her responsibilities are (i.e. work, kids, etc.) but it is still important to plan accordingly. Proper timeShow MoreRelatedThe Relationships Between Scope Definition and Time Management1358 Words   |  6 PagesRunning head: THE RELATIONSHIPS BETWEEN SCOPE DEFINITION AND TIME The Relationships Between Scope Definition and Time Management The relationships between scope definition and time management have as many similarities as they do differences. Scope definition basically, is knowing exactly what needs to be accomplished. This is the first step in accurately forecasting and controlling cost and schedule, which ties into time management. Using quantity surveys performed on a periodic basis are the foundationRead MoreCompare Alternative Definition of Marketing913 Words   |  4 Pagesearly 20th century and then spread to Europe and Asia. In the meantime, there are many definitions of Marketing given by leading organisations and experts in the fields of economy such as: Kotler, CIM, AMA†¦ - Definition of Chartered Institute of Marketing (CIM): â€Å"Marketing is the management process responsible for identifying , anticipating and satisfying customer requirements profitably†. - Definition of Philip Kotler: â€Å"Marketing is the social process by which individualsRead MoreAn Organization On The Road Of Downfall890 Words   |  4 Pagestake the organization on the road of downfall. 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In this paper, I apply these concepts while looking at what I would do were my career path took me to a position of leadership, where I would be responsible for guiding and motivating my fellow employeesRead MoreEssay on How to Avoid Plagiarism1228 Words   |  5 Pages Starr 2013) and becoming too common in the scientific world (Ober et al. 2012). Hence it is important for students as well as researchers to know how to avoid plagiarism. Before discussing the ways to avoid plagiarism, this paper discusses the definition, the types and reasons for plagiarism. â€Å"Copying’ or â€Å"borrowing† someone else’s words or ideas may perhaps be the more inoffensive way of explaining plagiarism. However, these two terms may deliver a connotation that plagiarism is not much ofRead MoreRoles And Responsibilities Of A Project1174 Words   |  5 Pagesdue to lack of proper definition of stakeholder role, contractual dispute, poor planning and poor relationships. This paper divulges the complex nature of project management arising from role allocation. As shall be showcased, the uncertainty of projects emerging from a myriad of factors can lead to a project shutdown. This paper, however, suggests that proper planning leads to appropriate delegation, which in turn leads to a successful project completion. 2.0 Project Management Overview In orderRead MoreStakeholder Theory Vs. Stakeholder Thinking1160 Words   |  5 PagesStakeholder theory and definition Stakeholder is defined as â€Å"any group or individual who can affect or is affected by the achievement of the organization’s objectives† (Freeman 1984). Stakeholder theory, when introduced in the 1980s, signify a major change in how relationships within a business might coexist and benefit one another. The concept of â€Å"Stakeholder theory† or â€Å"stakeholder thinking† is about identifying groups who are stakeholder in a corporation and manage them. It states that organizations

Like a Flower Free Essays

Alejandra Luna Dr. White English 201 15 September 2011 Like a Flower Love blooms with love, like a flower blooms with water. â€Å"The Chrysanthemums† is a story written by John Steinbeck. We will write a custom essay sample on Like a Flower or any similar topic only for you Order Now This story takes place in 1937, a time when women were not appreciated. Women were supposed to stay home and raise their children. The main character, Elisa Allen, feels distant from her husband Henry. The fact that they didn’t have children, might play a role in that feeling, and is probably the reason she wants to be involved with the farm’s business. â€Å"Her face was lean and strong and her eyes were as clear as water† (Steinbeck 629). Elisa might seem strong on the outside, but deep inside she is fragile like a flower. Though fragile â€Å"her eyes were as clear as water† which means she has very clear what she wants and needs. Just like a flower, she needs care and attention. The point of this story, in my opinion, was to demonstrate the importance of taking care of a woman, not just economically, but emotionally and physically. If you don’t water your flowers they will die, just like love will die without care. Some men think that by providing economically, they are doing enough. A woman might have the biggest and prettiest house, the most expensive car, and the best brand clothes, but that might never be enough to make her happy. We all need someone to love us, someone to hold us at night, to awake to in the morning, someone to have breakfast with and talk to about our sorrows or joys. Money can never replace the need for a companion. Economical support is a marital responsibility, not a sign of love. Furthermore, a woman needs emotional support, she needs someone that listens to her opinion and takes it into consideration, someone who will value her thoughts and ideas. Men have no idea how important it is for a woman to be valued, to be listened to. Many people will agree that communication is a key concept in a relationship, so knowing about her interest will give you a reason to talk about something both of you have knowledge about. It does not matter if it’s not something that interests you, as long as it interests her it will help, it will also bring you close to each other; just like Elisa felt close to the stranger, when he seemed interested in her Chrysanthemum’s. Another good way to support her emotionally is to complement her. Complement her accomplishments, or simply her beauty. Don’t say â€Å"you look so nice† (Steinbeck 635). You look so nice is not the right thing to say, use words like beautiful, radiant, dazzling, etc. Remind her why you chose to marry her and how you promised to honor and respect her for the rest of your life. Simple thing like that, can bring our self-esteem up; it will make us feel wanted and loved. Lastly care for her physically, and by physically, I’m not referring to sex. Sex is important in a relationship, but what I mean is a simple caress, or to get cozy on the couch, and also take her out on a date â€Å"I ought to take you in to dinner oftener. It would be good for both of us. We get so heavy out on the ranch† (Steinbeck 636). Henry noticed that he needed to pay more attention to his wife, he realized they are kept very busy at the ranch and don’t have time for each other. That is very common in marriages; we get carried away with our job or our children and forget how important it is to pay attention to our partner. Also help around with household chores, sometimes men don’t realize how hard we work. In my case for example; I am the first one to get up in the morning, and the last one to go to bed at night; in between that, I have three daughters, chores and school. It makes a woman very happy, when her husband gets involved and helps with the responsibilities. I truly appreciate all my husband does at home, even though he has two jobs, he comes home and helps out when I have to do homework. Taking care of a woman is as important as taking care of your flowers. If you want a beautiful garden, you water it. I you want a beautiful wife, you take care of her. he leaned over the wire fence that protected her flower garden from cattle and dogs and chickens† (Steinbeck 629). You don’t have to put up a wire fence to keep the dogs away from your flower, all you have to do is take care of her economically, to give her comfort; emotionally, to give her peace and physically to keep her young and beautiful. That is the best way to keep the dogs away, and keep her interested in n o one but you. Works Cited Steinbeck, John. â€Å"The Chrysanthemums† Compact Literature: Reading, reacting, writing. Laurie G. Kirszner and Stephen R. Mandell, eds. MA: Wadsworth, Cengage Learning, 2010 628-636 Print. How to cite Like a Flower, Papers

Financial Ratio Analysis Small Business

Question: Discuss about the Financial Ratio Analysis for Small Business. Answer: Introduction: A-Cap Resources Ltd. a company which is both lists in Australian Stock Securities or ASX and in Botswana, Southern Africa. The main business area is minerals and base metals. A-Cap Resources Ltd is the probable and to be owner of the largest Uranium stock in the world. Its Lethakane Uranium Project at Southern Africa, Botswana is one of the worlds largest Uranium deposits which are still are untouched and unmanned mostly. The company is having very strong base with regular fund flow from shareholders. The uranium project is having great prospect. Companys Business: The uranium project is the premium project of the company. The other projects needs to be highlighted are that of Mea Coal project and Foley Coal Project. Lethakane, Foley, Mea are all located in Botswana in Southern Africa. A mining licence application is to be issued for the Lethakane Uranium deposit and is under consideration. It is the most underdeveloped mine in the world with huge deposits of uranium which is very much in demand for the nuclear reactors throughout the world and for mostly by rich countries where nuclear reactors are very active for energy generation. The infrastructure base like railway line, nearest to highway, national power grid access, and water supply is extremely good for the Lethakane uranium mine and the best thing is that mine is of low risk with open pit and can produce 3 million pounds of uranium per annum and mostly for 18 years in excess of over mine life (King, 2016). The Japan is starting its nuclear activities with Sendai No.1 reactor along with more 66 new nuclear reactors where uranium of this quality will be in high demand; hence the future of this business is safe. Coal projects Mea and Foley are both based in Botswana in Southern Africa and Mea coal project is having the highest quality of coal which amounts to 335 million tonnes containing very high quality export category coal up to 95 million tonnes having energy value of 6313 calorific value per kilogram of coal. And Foley coal project is having a deposit of about 148 million tonnes which are also of very high quality. There are newer areas under consideration by the company in Botswana like Werda, Kokong, Jwaneng, Salajwe, Sojwe and Hukunski. There are surveying and exploration able studies are being performed to start these newer operations at the earliest (Philau, 2016). Statement of Financial Position: There are key areas that would help in assessing financial position of a company. The company, a-cap Resources Ltd is an energy company listed ASX. The performance of the company is last two years has not been excellent. The sales growth has been registered for the company and it is expected that the company would go further. The assessment of financial position is based on two different areas. The trends line of the company would be assessed in a better way. The trend line could be drawn to assess the past performance of the company. There is another way of measuring financial position of the company, which is Proportion analysis. The Proportion analysis comprises of array of ratios to assess the financial condition of the company. The debt position, profit position, capital assessment and other factors are relatively compared and analyzed with each another (Nigudkar, 2016). The position of the creators is another important factor. The confidence of the creditors is important part of the business. If creditors feel safe to provide goods in credit that can help the company enormously is to do better with the line of credit. The investors confidence is another big factor for the assessment of the financial position of the company (Accountingtools, 2016). The ability of the management is another big factor in the assessment of financial position of the company. a-cap Resources ltd Balance Sheet Analysis and Comparison 2015 2014 Increase (+) / Decrease (-) % Increase / Decrease $ $ Total current assets 2,605,826 6,218,414 (3,612,588) -58.10% Total non-current assets 47,574,905 36,414,702 11,160,203 30.65% Total current liabilities 974,181 1,193,038 (218,857) -18.34% Total non-current liabilities - - Total stockholders equity 49,206,550 41,440,078 7,766,472 18.74% As on 2014 were $ 6,218,414 while for 2015 it was $ 2,605,826. Cash and the like have been too much in outflow than inflow in 2015 than in 2014 hence there is a reduction of total current assets. Financial assets have also dropped due to certain reasons like the loss in market securities in 2014 carried forward in 2015. But with the improvement of cash inflow and outflow the current assets position can be improved and such decrease can be avoided with proper financial planning. As on 2014 were $ 42,633,116 while for 2015 it was $ 50,180,731. The increase of this category was mostly due to the capitalisation of the cost incurred on the evaluation and exploration of different mines and new sites for the coming up business and thus due to this the total non-current assets like Plant equipment is also reflected in this category although it is not affecting much (Edmister, 1972). As we can see from the analysis is that the current asset potion has declined. That reason for the fall is mainly related to decline in cash and cash equivalents and trade receivable. The respective table as analyzed indicates the fact that company has managed it accounts receivable potion wisely. The current liability position of the company has also declined significantly and which is mainly represented by decline in the trade payables. The decline in cash and cash equivalents is therefore mostly used by the management to pay off creditors. This is a welcome improvement for the company (King, 2016). The stock holders has infused significant fund in the company. This indicates the confidence of the members and of the shareholders in the company. as on 2014 were $ 1,193,038 while for 2015 it was $ 974,181. The 2014 figure was much more and almost 10% reduction in 2015 is very positive that the Trade payables are reduced and the extra burden of interest cost and blockage of working capital can be avoided. Too high trade payables mean that there is no control of the management on this area. The management must be very careful in this area in future and reduce this to a very minimal figure just for making business viable and surviving (Managementstudyguide, 2015). Stockholders Equity The analysis of financial position is indicating the fact that the company has managed to bring interest of the shareholders in to the company. The capital in 2015 increased by 18.74% compared to 2014. This practically indicates better management and shareholders relation and the confidence of the shareholders in the company. As on 2014 were $ 41,440,078 while for 2015 it was $ 49,206,550.The increase in the total share holders equity for the year 2015 over 2014 is due to main fact that company have earned a hefty amount in the form of other comprehensive income which was negative in 2014 but is very high in 2015 thus resulting in the substantial increase in the shareholders total equity position. Statement of Profit Loss The profit and loss potion of the company has not been outstanding, in fact the co0mpany has incurred in two financial years. The operating revenue of the company has however increased but the operation cost of the company has been significantly high. The expenses in 2015 have increased by 35.5%. The increase in the expenses is reflecting in the bottom line of the company. The expenses of the company have increased significantly whereas the income grew by 14.40% (www.aasb.gov.au, 2015). a-cap Resources ltd Statement of Profit Loss Analysis and Comparison 2015 2014 Increase (+) / Decrease (-) % Increase / Decrease $ $ Total (operating) revenues 56,868 49,710 7,158 14.40% Cost of Goods Sold - Total expenses (before income taxes) 3,512,352 2,592,050 920,302 35.50% Any non-operating (or extraordinary) gains and losses 486,368 396,740 89,628 22.59% Earnings per common share 0.78 0.79 (0) The company is not generating enough revenue and the margins to sustain the business. The company will have to look into the fact that business will only improve once the margins are good enough to meet the expenses and keep the residue for future. The extraordinary gains from the business and operations have increased significantly that has supported the expenses in 2015 in some way. As on 2014 were $ (3,005,965) while for 2015 it was $ 3,508,626.The foreign operation for 2014 was highly loss making but the foreign operation have improved substantially and due to this the profit from foreign operations started to generate huge revenues which are of great importance as the main business of the company if foreign controlled and in Southern Africa. Thus it can be seen that the profit from foreign operations jumped to a nine times higher figure than 2014 is a phenomenal that the foreign operations are going to show a new path and plan. As on 2014 were $ (2,145,610) while for 2015 it was $ (2,969,116). A few expenses are of very high and of new type which are made with the purpose to make the business viable and competitive. The expenses done for capitalised evaluation and exploration and a substantial increase for payments for employees compared to 2014 in 2015 are the two major areas where the expenses increased manifold. For employees the expenses grew by 50% while for capitalised evaluation and exploration it is 100% addition (Nigudkar, 2016). As on 2014 were $(0.79) while for 2015 it was $ (0.78). The share earnings are obviously very negative as the general holding by the company is highly affected by the loss generated due to foreign controlled operations in 2014. But despite the foreign controlled operations in 2015 making huge profits the loss of 2014 have grossly eaten up the profit which is evident from the reduction of EPS but that significant change is not evident for generating a valuable EPS but it is expected that from the uranium mines and the coal mines the company will turn around and will generate such revenue that the negative EPS will become positive and will place the shareholders equity in a very strong hold. Statement of Cash Flow The statement of cash flow is purely indicating the fact that company is in investing mode. It is focusing in drawing money from the shareholders for the project. In 2015 and 2014 the company has drawn significant capital out of the system. This signifies that the company is still behind being operational. a-cap Resources ltd Statement of Cash Flow Analysis and Comparison 2015 2014 Increase (+) / Decrease (-) % Increase / Decrease $ $ net cash inflow (outflow) from operating activities (1,463,796) (1,433,230) 30,566 -2.13% net cash inflow (outflow) from financing activities 3,945,045 5,532,711 (1,587,666) -28.70% net cash inflow (outflow) from investing activities (5,344,126) (2,247,555) 3,096,571 -137.78% net increase (decrease) in cash during the year (2,862,877) 1,851,926 (4,714,803) -254.59% This completely indicates the fact that the company is in investment mode and drawing money from the shareholders for project expansion. As on 2014 were $ (1,433,230) while for 2015 it was $ (1,463,796). The operation cost outflow is very high negative figures although not in comparison of both 2014 and 2015. This means that the payments to suppliers and all the employees inclusive of Goods and Service Taxes. The interest received is the only element that have increased from 2014 to 2015 but the RD Tax Credit have also dropped substantially which helped the total cash outflows negative figure to increase further. Company needs to have more control on the payments made to suppliers and employees. A review is needed (www.hsbc.com, 2015). As on 2014 were $ 5,532,711 while for 2015 it was $ 3,945,045. The issuance of new shares were much less in comparison to 2014 hence the total inflow is almost 25% lesser than the 2015 figure. But the cost of issuance of shares has also being controlled substantially. As on 2014 were $ (2,247,555) while for 2015 it was $ (5,344,126). The cash outflow due to exploration and evaluation is very high but unavoidable as without this the business will not stand and become competitive as the exploration is a very important element for any mining business to understand the viability and future sustenance policy to be implemented subsequently. This is due to increase in the entire expense done in the mines of Botswana. The increase from 2014 in 2015 means exploration activities have increased manifold. But still the management must implement a policy to control more cost involved in such exploration in future to save the valuable fund as if the exploration results are negative then the entire cost will become wastage and will become a futile exercise (Walton Aerts, 2006). As on 2014 were $ 5,070,514 while for 2015 it was $ 2,207,637. The increase in cash is from the cash received from various operations in 2015 for $ 5,070,514 while the same figure was $ 3,218,588 in 2014 that means this is a positive indication on the financial activities. The opening negative figure of net increase in cash was reduced due to this inflow. The total cash increase is not shown in 2015 due to the negative figure of 2014 carried forward. But it seems that if the caution is taken by the management the cash inflow and outflow can be managed in right direction and planning. Cash is very important element of any business hence management must take care of this area very seriously (Managementstudyguide, 2015). Conclusion: The assessment is indicating the fact that the company has managed growth in business but actual revenue from the business is yet to come for the company. There are factors which are important to drive volume growth of the company and it is expected that in longer run company would benefit from the investment. Recommendation: It would be advisable for the company to ensure that revenue comes to the company along with profit. The operating revenue for the company is little lower and therefore it is important that company emphasize on the revenue generation and capacity building to boost growth. the growth to the business should come along with the investment. Here, it can be seen that the company has managed growth in revenue but it is not enough to meet the expenses. References: Accountingtools, 2016. Financial Statement Analysis. [Online] www.accountingtools.com Available at: https://www.accountingtools.com/financial-statement-analysis [Accessed 13 September 2016]. Edmister, R.O., 1972. An Empirical Test of Financial Ratio Analysis for Small Business Failure Prediction. [Online] Available at: https://journals.cambridge.org/action/displayAbstract?fromPage=onlineaid=6318448fileId=S0022109000017567 [Accessed 13 September 2016]. King, A., 2016. How to Perform a Company Financial Analysis in 12 Steps. [Online] www.industriuscfo.com Available at: https://www.industriuscfo.com/company-financial-analysis/ [Accessed 13 September 2016]. Managementstudyguide, 2015. Financial Management - Meaning, Objectives and Functions. [Online] Available at: https://www.managementstudyguide.com/financial-management.htm [Accessed 29 February 2016]. Nigudkar, A., 2016. How to Analyze Financial Health of a Company in 6 Easy Steps. [Online] www.financewalk.com Available at: https://www.financewalk.com/financial-health-company-analysis/ [Accessed 13 September 2016]. Philau, 2016. Financial Analysis. [Online] faculty.philau.edu Available at: https://faculty.philau.edu/lermackh/financial_analysis.htm [Accessed 13 September 2016]. Walton, P. Aerts, W., 2006. Global Financial Accounting and Reporting: Principles and Analysis; https://books.google.co.in/books?id=geUx5sowGdECpg=PA103lpg=PA103dq=revenue+recognition+for+ship+building+companiessource=blots=pUKG77cZffsig=wy_S5j9qKBeb5HQx1Yb93QLpwOUhl=ensa=X. In Walton, P. Aerts, W. Global Financial Accounting and Reporting: Principles and Analysis. New York: Cengage Learning EMEA. pp.102-04. www.aasb.gov.au, 2015. Conceptual Framework for Financial. [Online] www.aasb.gov.au Available at: https://www.aasb.gov.au/admin/file/content105/c9/ACCED264_06-15.pdf [Accessed 30 Augustus 2016]. www.hsbc.com, 2015. Financial and regulatory reports. [Online] Available at: https://www.hsbc.com/investor-relations/financial-and-regulatory-reports [Accessed 13 September 2016].