Finance Case Study Example | Topics and Well Written Essays - 1000 words - 1

Finance - Case Study Example GE’s first criterion of loan application is that the company applying for loan should have minimum three years’ operational working. The CCL has more than three years’ existence starting from 1987 until the year ending December 31, 2002. Thus, CCL clearly passes the first criterion. Second criterion laid down by GE is of paramount importance as it ascertains whether the applicant would have enough cash generation in his or her business to repay the loan. It is necessary to do a complete analysis related to this aspect. Rendl wants to know about the cash generated from the operations so as to be assured of the loan repayment by CCL. This can be given by net earnings after tax plus depreciation charged ($72,795+$79,132 = $151,927). Depreciation is not a cash outgo and remains with the company and hence counted in the cash generated. CCL’s previous loans have been disbursed for the repayment period of 48 months. Assuming same repayment period of 48 months for the loan of 270,000, CCL will have monthly installment of 270,000/48 = $5,625/month. Thus, in a year CCL would need to pay 5625Ãâ€"12 = $67,500 toward its new loan; however, for its two old loans CCL has been already paying 7000+800 = $7800 per month. Thus, the outgo per annum for these two old loans would be $93,600. Added a new loan repayment, total repayment comes out to be $161,100 per year. Cash likely to be generated in the year ended 2003 (as calculated above) at $151,927 is marginally short of this repayment requirements. While Rendl reviewing CCL application for $270,000 on April 15 2003 for likely new loan disbursement from May 1 2003, the CCL would have reduced debt in the first four months by 7800Ãâ€"4= $31,200 and net long term liability at the time of new loan disbursement would be 225,000(from balance sheet year ended 2002) – 31200 + 227000(new debt) = $420,800.

The war on drugs and the United States criminal justice system Essay Example for Free

The war on drugs and the United States criminal justice system Essay Compiled by Drug Policy Alliance. August, 2001. Prohibition will work great injury to the cause of temperance. It is a species of intemperance within itself, for it goes beyond the bounds of reason in that it attempts to control a mans appetite by legislation, and makes a crime out of things that are not crimes. A Prohibition law strikes a blow at the very principles upon which our government was founded. Abraham Lincoln The link between racial discrimination and the war on drugs exists not only in the United States but also throughout much of the world. In one country after another racial and ethnic minorities are targeted and persecuted in the name of the war on drugs. Criminal laws often focus on psychoactive drugs used by minority populations, while other more commonly used drugs are legal, and their abuse properly treated as problems for health care providers, not criminal justice systems. In most countries, racial and ethnic minorities are disproportionately targeted, arrested, prosecuted and punished for drug offenses. The reliance on incarceration as the principal means of punishment in the United States has escalated to the point that there are now more than 2 million Americans in the countrys state and federal prisons. The United States imprisons more of its citizens than any other nation in the world. Blacks, Latinos and Native Americans are over-represented throughout the U. S. prison system. However, nowhere in the criminal justice system is the disparity between the arrest, detention, conviction and sentencing of people of color and Whites more brutally obvious than in the case of the war on drugs. Racism Permeates Drug Law Enforcement. Unequal treatment of minority group members pervades every stage of the criminal justice system. Racial profiling, street sweeps, buy and bust operations and other police activities have targeted people in street level retail drug transactions in low-income communities of color. Blacks and Latinos are victimized by unfair treatment by police; by racially skewed charging and plea bargaining decisions by prosecutors; by discriminatory sentencing practices and by the failure of judges, elected officials and other criminal justice policy makers to redress the inequities that have come to permeate the system. The rate of drug admissions to state prison for black men are thirteen times greater than the rate for white men. A recent report by Human Rights Watch found that while drug use is consistent across all racial groups, Blacks and Latinos are far more likely to be arrested and prosecuted and given long sentences for drug offenses. Blacks constitute 13 percent of all drug users, but 35 percent of those arrested for drug possession, 55 percent of persons convicted, and 74 percent of people sent to prison. (1) Nationally, Latinos comprise almost half of those arrested for marijuana offenses(2) and Native Americans comprise almost 2/3 of those prosecuted for criminal offenses in federal courts. (3) The racial bias of the drug war is exemplified by the 100 to 1 disparity in prison sentences for crack versus powder cocaine. As scientists and courts alike have declared, there is no rational basis for distinguishing between crack cocaine and powder cocaine. Nonetheless, in 1994, 90 percent of persons convicted of federal crack cocaine offenses were Black, six percent Latino, and less than four percent White. Federal powder cocaine offenders were 30 percent Black, 43 percent Latino, and 26 percent White. (4) Domestically, U. S. drug policy is fueled by historical bias against racial minorities used to justify their disproportionate presence in the penal system. The impact these policies have had on social structures and political power in Black and Latino communities has been devastating. As a result of the war on drugs poor communities of color have been politically weakened by laws that disenfranchise voters for felony convictions and provide economic incentives for rural communities to embrace prisons as a form of economic development. The prevailing theory about prisons in many locales is If we build them, they will come. There is a self-perpetuating, cyclical quality to the treatment of Blacks and Latinos in the U. S. criminal justice system. Much of the discrimination visited upon these groups stems from the perceptions of criminal justice decision-makers that (1) most crimes are committed by minorities, and (2) most minorities commit crimes. Although empirically false, these perceptions cause a disproportionate share of law enforcement attention to be directed at minorities, which in turn leads to more arrests of Blacks and Latinos. Disproportionate arrests fuel prosecutorial and judicial decisions that disproportionately affect minorities and result in racial disparities in incarceration. The accumulated effect is to create a prison population in which Blacks and Latinos increasingly predominated, which in turn reinforces the misperceptions that justify racial profiling and punitive drug policies. Recommendations Affluent predominantly white suburban communities have long recognized that the drug war need not be fought only on the incarceration front. Alternatives such as drug treatment and education are mainstays of white, middle-class efforts to reduce drug abuse in their neighborhoods. A strategy centered on such demand reduction efforts makes sense: The Rand Corporation has estimated that investing an additional $1 million in drug treatment programs would reduce by fifteen times more serious crime than enacting more mandatory sentences for drug offenders. (5) But when it comes to the presence of drugs in poor communities of color, the response of policymakers is to build prisons rather than treatment facilities. If the government of the United States is truly committed to eliminating racial discrimination in the criminal justice system and fulfilling its responsibility as a party to CERD, there must be an end to racial profiling, mandatory minimum drug sentences, and civil disabilities for felony convictions. Police, prosecutors and other criminal justice decision-makers must be held accountable for their discretionary decisions. Moreover, there must be clear acknowledgement on the part of the U. S. government that the war on drugs is a failed policy that is doing more harm than good, particularly to people of color. Notes: 1. Human Rights Watch Report: Punishment and Prejudice: Racial Disparities in the Criminal Justice System, May 2000 Vol. 12, No. 2 (G). 2. John D. Couriel, Keep It Real: Recasting the drug debate in terms of accountability and opportunity.3. U. S. Department of Justice, Bureau of Justice Statistics, American Indians are Violent Crime Victims at Double the Rate of the General Population, news release, Feb. 14, 1999 4. 1. 4 million black men or 13% of the black male adult population are disenfranchised, reflecting a rate of disenfranchisement that is seven times the national average. 5. Jonathan P. Caulkins, et al. , Mandatory Minimum Drug Sentences: Throwing Away the Key or the Taxpayers Money, Rand, Santa Monica, 1997, p. xxiv.

Livin’ On the Edge :: Term Papers Research

Livin’ On the Edge There was less than a foot between life and death and it was all because they were trying to cheat the system. This is what I learned from two fellow college students I met while waiting in line for my hot chocolate at Late for the Train. Good thing there was a long line because they had quite the story to tell. What I got out of their story is that some people choose to live on the edge to get more fulfillment out of life, but many times that extra fulfillment just isn’t worth it. Two young college students were going home for Christmas break to visit their families in St. Louis, Illinois. Dan is a guy who spends so much time in the outdoors that the critters know him by name. He lives in the back of his pick-up unless it is so cold that his drool freezes down the side of his face. In that case he finds a friend who will let him roll out his camping pad and crash on the floor, and if he is lucky they will let him use the shower. Dan’s shoulder length hair is so curly that it looks as if he got a perm but left the curling rods in for an extra day. You could probably call him a â€Å"hippy† even though he would never refer to himself as one. Dan told me most of their story while Matt stood there and nodded every once in awhile. Matt seemed more laidback than Dan and didn’t seem to have a care in the world. He’d like to let himself think that he is adventurous, but in reality his biggest adventure is finding a gas station that’s open at 3:00am so he can pick up a bag of Cheetos. Dan and Matt decided to be adventurous so they planned to drive from Flagstaff, AZ up through Utah, and then make their way towards Illinois. They would stay in the back of Dan’s white Toyota Tacoma because he was blessed with the luxury of having a topper. This topper allowed Dan to create a home in the back of his pick-up filled with sleeping bags, a camping pad, hiking gear, dirty clothes, and old garbage from McDonald’s. Dan seemed to be very proud of his topper, because he even gave me a tour of it as I left the coffee shop.

Shakespeare and Similarity of Gender Roles :: essays research papers fc

Shakespeare and Similarity of Gender Roles #2   Ã‚  Ã‚  Ã‚  Ã‚  Shakespeare, although historically gender biased, can be charged with giving both males and females similar characteristic traits within his plays. This can best be proven using the comparison of Portia from the â€Å"Merchant of Venice† to King Henry from â€Å"Henry V†. These two characters, barring gender, show common traits throughout both of these plays. They are also set into similar situations, such as marital issues, prank playing, and the use of disguises.   Ã‚  Ã‚  Ã‚  Ã‚  As audiences are introduced to each of these characters, they are shown both their wealth and intelligence. In â€Å"Henry V†, the audience is quickly given King Henry’s â€Å"free-spirited† background, but then is told of his miraculous change in demeanor after his father’s death. The Bishop of Canterbury explains it as â€Å"But that his wildness, mortified in him,/Seemed to die too; yea, at that very moment/ Consideration like an angel came/ And whipped th’offending Adam out of him,/ Leaving his body as a paradise/†¦Never was such a sudden scholar made† (1.1 27-33). Portia’s intelligence is explained best by the literary critic Mrs. [Anna Brownell] Jameson when she states that Portia is â€Å"distinguished by her mental superiority. [In Portia] intellect is kindled into romance by a poetical imagination† (38-39). Portia’s sense of humor and spiritedness makes itself known almost immediately when she is first introduced in â€Å"The Merchant of Venice† with her waiting woman, Nerissa. In this speech, which concerns the terms of her future marriage according to her deceased fathers’ will, Portia artfully and impertinently describes the suitors who have vied for her hand thus far (1.2). Forced marriage is a common bond that Portia shares with King Henry. According to her deceased fathers’ wishes, Portia must marry the man who chooses the correct casket from a choice of three. She has no say in the matter. Henry, also, has no say in whom he must marry. As King, he must cement England’s bonds with France, and thus make his marriage to Katharine a condition of Frances’ surrender. Portia, happily, ends up marrying the gentleman that she wishes. Henry decides to â€Å"woo† the Lady Katharine, supposedly falling in love with her. According to Desmond Seward, â€Å" The King†¦was enchanted by the girl. He regarded her as the only possible bride for him, if contemporaries are to be believed† (130-131). A strong parallel that Shakespeare creates between these two characters is their use of disguises.

Radio as medium of mass communication

Radio is widely used mass communication medium and has a great potentiality in dissemination of information as radio signals cover almost entire world. More than 177 radio stations are there across the country. Almost 97 percent of the population is reached by the radio. Radio being a convenient form of entertainment caters to a large audience. With the invention of transistors this medium has reached the common man in urban and rural areas of India but the utilization of radio is more among rural elites.It has advantages over the other mass media like television and newspapers in terms of being handy, portable, easily accessible and cheap. Radio is the most portable of the broadcast media, being easily accessible at home, at office, in car, on the street or beach, virtually anywhere and everywhere at any time. Radio is effective medium not only in informing the people but also in creating awareness regarding many social issues and need for social reformation, developing interest and initiating action.For example, in creating awareness regarding new policies, news about evelopmental projects and programs, new ideas etc. It will help in creating a positive climate for growth and development. It widens the horizons of the people and enlightens them, and gradually changing their outlook towards life. Research about this has shown that radio is an effective medium for education when it is followed up with group discussion and question- answer session. In India, radio with its penetration to the rural areas is becoming a powerful medium for advertisers.It gains 3 percent of the national advertising budget. Radio is still the heapest alternative to television, but it is no longer the poor medium in advertising terms. Because radio listening are so widespread, it is prospered as an advertising medium for reaching local audiences. Moreover, the radio serves small and highly targeted audiences, which makes radio an excellent advertising medium for many kinds of speciali zed products and services. As far as commercials are concerned, no one will able to tune out commercials easily as is possible with remote control devices and VCRs.It is said that radio's ability to ttract local advertisers hurts mainly newspapers, as television is less attractive to the small and local advertiser. As tar as audience is concerned radio does not hamper persons mobility. Radio as a vehicle of information for masses it is still the fastest medium of communication. For instance, it would take less time for a news reporter for radio to arrive on the spot with a microphone and recorder than the same for TV along with a shooting team and equipment.Another important feature of radio as mass medium is that it caters to a large rural opulation which has no access to TV and where there is no power supply. In such places, AIR-AII India Radio's programmes continue to be the only source of information and entertainment. AIR broadcasts programmes in 24 languages and 140 dialects. â€Å"Radio should be treated as a kin to newspapers in view of the fact that it is local, inexpensive, linked to communities, has limited band width and operates through simple technology'. The economics of radio does allow tailoring programme content to the needs of small audiences.Thus it is economically viable to recast a programme for broadcast to audiences in different sub regional, cultural and linguistic language. This enhances the value of radio as a medium in networking developmental programmes. It offers many possibilities in networking, from local or regional co- ordinated broadcasts and interactive exchange of queries and data. It will serve as a standalone medium of information dissemination or a support medium for curricular learning, Jointly with print material or with fieldwork.

Positive Feedback Amplifier Essays

Positive Feedback Amplifier Essays Positive Feedback Amplifier Essay Positive Feedback Amplifier Essay FEEDBACK AMPLIFIER FEED BACK: The process of applying a fraction of output energy of some device back to the input known as feedback. FEEDBACK AMPLIFIER: The amplifier using feed back process is called feedback amplifier. TYPES OF FEEDBACK AMPLIFIER: There are two types of feedback amplifier: a)Positive feedback amplifier b)Negative feedback amplifier POSITIVE FEEDBACK AMPLIFIER: >The amplifier in which feedback energy is applied in the same polarity or in same phase is called as positive feedback amplifier. increases the voltage gain of mplifier. his distortion is more. has increased instability. seldom used as an amplifier. Mostly used in oscillator. NEGATIVE FEEDBACK AMPLIFIER: >The amplifier in which feedback energy is applied in the opposite polarity or out of phase with input is called negative feedback amplifier. decreases the voltage gain. this distortion is less. is more stable. is mostly used as an amplifier. PRINCIPLE OF NEGATIVE FEEDBACK AMPLIFIER: >Block diagram of negative feedback amplifier: >A=Voltage gain without feedback. Af=Aoltage gain with feedback. Vi=lnput signal to be amplified. Vo= Output signal of amplifier Vd=Actual input signal to the amplifier. Vf= Feedback signal applied to input side. m=feedback fraction >From block diagram it is clear that, m=VfNo i. e. Vf=mVo Again A=VoNd i. e. i. e. Vo=AVi-AmVo i. e. Vo+AmVo=AVl i. e. Af=l /(! +mA) OF NEGATIVE FEEDBACK AMPLIFIER: 1 -Resultant gain is independent of transistor parameters or supply voltage fluctuation. Hence gain is stable. 2-lt reduces non-linear distortion by a factor (1 +mA). 3-lt improves frequency response. 4-lt increases circuit stability. lt increases input impedance decreases output impedance. INPUT IMPEDANCE OUTPUT IMPEDANCE WITH FEEDBACK: >Figure shows the block diagram: >Given that: Zi=input impedance without feedback=Vd/i1 Zif=lnput impedance with feedback†Wil Zo=Output impedance without feedback Zof=output impedance with feedback il †input current >From block diagram it is clear that Now Or VI/ It is clear that input impedance with feedback increases by a factor (1 +mA). Si milarly, it can be derived that output impedance without feedback decreases by a factor 1 +mA). . e. +mA) EMITTER FOLLOWER: *It is a current amplifier that has no voltage gain. * It is a negative current feedback circuit. *It has high input impedance low output impedance. *It is used for impedance matching. *It is also known as common collector amplifier. *Circuit diagram: *Circuit details: It consists of transistor Q, biasing resistor Rl R2, emitter resistor RE, input coupling capacitor Cin, biasing supply +VCC, output coupling capacitor CC. Emitter resistance RE acts as the load a. c. output voltage Vo is taken across RE. Here biasing is provided by voltage divider method. lt has no collector resistance no emitter bypass capacitor. *Operation: ac emitter current produces an output voltage across RE. This voltage opposes the input voltage, thus providing negative feedback. The output voltage Vo is equl to input voltage i. e. output voltage follows the input voltage. Hence the name is voltage follower. CHARACTERISTIC OF EMITTER FOLLOWER: *No voltage gain. Practically close to one. *It has high current gain power gain. *Input output ac voltages are in phase.

Depression By Stephanie Roman essays

Depression By Stephanie Roman essays Many people have experienced a point in time in their life where he/she feels sad, lonely, or unhappy; having normal ups and downs with how he/she feels. For example, when you break up with your boyfriend/girlfriend, or when you have a argument with someone close to you. However, some people experience these feelings on a much larger scale. Depression is an illness that involves the body, mood, and thoughts. It affects people of all ages, regardless of their color, race or economic status. Depression affects a persons eating habits, sleep, personal opinion about ones self, and their attitude towards life in general. This disorder is very common in the United States and it is affecting more than 17 million people each year. There are many different forms of depression, but first what is depression? Depression is the reaction of how the nerve cells work in the brain. Major depressed people contain an unusual amount of one hormone, cortisol, and several brain neurotransmitters, which may be inherited. This is why people who have depressed relatives are at greater risk of becoming depressed themselves. Depression is broken down into three different categories. The first being, Major Depression. Major Depression is the most severe category of depression. One single traumatic event in your life, or the development of many personal disappointments and lifes tribulations can cause someone to suffer from Major Depression. The following are symptoms of this disorder. According to the DSM-IV, if a person suffers from these symptoms for a period of two weeks or more, he/she suffers from Major Depression. Loss of interest in things that used to bring pleasure Insomnia or hypersomnia nearly every day difficulty in concentrating or making decisions ...