Financial Investment Climate of Bristol-Myers Squibb Pharmaceutical Company Free Essay Example, 1000 words

The sales amount is recorded in the accounting books if there is a very high assurance that the customers will be able to pay their purchase liabilities within the foreseeable future. Likewise, the company includes the revenue amounts in the accounting books if the ownership of the company s medicine products had been transferred to the business customers. For example, the company records as revenues in the accounting records all stocks that had already left the company s seaport and kept inside the travelling planes, land, vehicles, or boats and are on the way (in transit) towards the company s current and future business clients (Beaver 13). When the revenues are recorded, there is an immediate reduction of the company s inventory amount. The inventory amount of the sold medicine products (possibly travelling towards the customers addresses) are recorded by taking into consideration the costs of the raw materials, the production workers salaries, and other production, admin, and m arketing expenses. For medicine products stored in the company s top distributors, the return of inventories classified as nearing their expiration dates will include as on the hand or current inventories of the company (Beaver 13). We will write a custom essay sample on Financial Investment Climate of Bristol-Myers Squibb Pharmaceutical Company or any topic specifically for you Only $17.96 $11.86/page

Human Cloning Ban An Ethical Debate

Human cloning is illegal in some states, and institutions that receive U.S. federal funding are prohibited from experimenting with it, but there is no federal ban on human cloning in the United States. Should there be? Lets take a closer look. What Is Cloning? Cloning refers to the development of offspring that are genetically identical to their parents. While cloning is often referred to as an unnatural process, it occurs quite often in nature. Identical twins are clones, for example, and asexual creatures reproduce by cloning. Artificial human cloning, however, is both very new and very complex. Is Artificial Cloning Safe? Not yet. It took 277 unsuccessful embryo implantations to produce Dolly the Sheep, and clones tend to age rapidly and experience other health problems. The science of cloning is not particularly advanced. The Benefits of Cloning Cloning can be used to: Produce embryonic stem cells in large quantities.Genetically alter animals to produce organs that can more easily be transplanted into humans.Allow individuals or couples to reproduce through means other than sexual reproduction.Grow replacement human organ tissue from scratch. At this point, the live debate in the United States is over cloning of human embryos. Scientists generally agree that it would be irresponsible to clone a human being until cloning has been perfected, given that the cloned human would probably face serious, and ultimately terminal, health issues. Would a Ban on Human Cloning Pass Constitutional Muster? A ban on embryonic human cloning probably would, at least for now. The Founding Fathers didnt address the issue of human cloning, but its possible to make an educated guess about how the Supreme Court might rule on cloning by looking at abortion law. In abortion, there are two competing interests—the interests of the embryo or fetus, and the constitutional rights of the pregnant woman. The government has ruled that the governments interest in protecting embryonic and fetal life is legitimate at all stages but does not become compelling—i.e., sufficient to outweigh the womans constitutional rights—until the point of viability, usually defined as 22 or 24 weeksIn human cloning cases, there is no pregnant woman whose constitutional rights would be violated by a ban. Therefore, it is quite likely that the Supreme Court would rule that there is no constitutional reason why the government cannot advance its legitimate interest in protecting embryonic life by banning human cloning.This is independent of tissue-specific cloning. The government has no legitimate interest in protecting kidney or liver tissue. Embryonic Cloning Can Be Banned—Should It Be Banned in the United States? The political debate over human embryonic cloning centers on two techniques: Therapeutic cloning, or the cloning of embryos with the intention of destroying those embryos to harvest stem cells.Reproductive cloning, or the cloning of embryos for the purpose of implantation. Nearly all politicians agree that reproductive cloning should be banned, but there is an ongoing debate over the legal status of therapeutic cloning. Conservatives in Congress would like to ban it; most liberals in Congress would not. FDA and the Prohibition of Human Cloning The FDA has asserted the authority to regulate human cloning, which means that no scientist can clone a human being without permission. But some policymakers say theyre concerned that the FDA might one day stop asserting that authority, or even approve human cloning without consulting Congress.

Shareholder Wealth Maximisation Free Essays

SHAREHOLDER WEALTH MAXIMISATION: SUMMARY ‘Business Finance’ assumes that the objective of a company is to maximise shareholder wealth. This means that companies should attempt to maximise the value of the shareholders’ investment in the company. This is achieved by maximising ‘Total Shareholder Returns’: dividends and share price appreciation. We will write a custom essay sample on Shareholder Wealth Maximisation or any similar topic only for you Order Now The most powerful basis for understanding and measuring shareholder wealth is the ‘economic valuation model’, under which the value of the shareholders’ investment is measured as the present value of future cash flows that are attributable to the shareholders. This approach involves converting future cash flows into their equivalent value in today’s terms, by adjusting for the effect of the ‘time value of money’. The ‘time value of money’ concept refers to the reality that ? 100 today is worth more than ? 100 in a year’s time. This is for three reasons: †¢ Inflation: which reduces the purchasing power of money over time †¢ Consumption preference: we prefer to spend money now rather than wait to spend in the future †¢ Risk: this refers to the variability of future returns from an investment. This time value of money effect means that shareholders require a rate of return from their investment in a company which is sufficient compensation for the time value of money effect that they suffer. This rate of return is known as the ‘cost of capital’. For a company to create wealth for shareholders, it must generate a rate of return which exceeds the ‘cost of capital’. Arguments in favour of ‘shareholder wealth maximisation’ being the assumed objective of the company: †¢ Shareholders are the legal owners of the company †¢ Shareholders bear the risk †¢ Assuming competitive markets, maximising wealth of shareholders should ensure the interests of customers and employees are also met †¢ Decision-making is simplified Arguments against shareholder wealth maximisation: Some argue it will lead to the interests of other stakeholders such as customers and employees being neglected (eg through selling poor quality, over-priced products and providing poor conditions and rates of pay to employees). However, in competitive markets, arguably the only way that companies will create wealth for shareholders is by selling products/services customers want to buy, and therefore customers’ interests cannot be ignored. Also, the way to ensure customers’ interests are met is arguably by ensuring staff are well motivated and properly trained. Furthermore, employees prospects of having a secure and well paid job are improved by working for a company that is financially successful. †¢ Some argue that it will lead to ‘short-termism’ (decisions that improve short-term profits at the expense of long-term value, such as reducing research and development and marketing investments). However, the concept of economic value means maximising shareholder wealth should mean that long-term and short-term performance is captured. How to cite Shareholder Wealth Maximisation, Essay examples

Women In Combat (1958 words) Essay Example For Students

Women In Combat (1958 words) Essay Women in CombatIn the 1970s, the services traditional attitude toward women was challenged; change was forced upon a reluctant establishment (Holm, 198). The decision to end the draft was the catalyst to such change. This decision allowed for womens participation in the armed forces in unprecedented numbers. The United States Armed Forces have more female numbers than any other nation in the world, both in actual numbers and in percentages (Holm, 1982). The drive for an all-volunteer force, along with an aggressive tide of feminism and congressional passage of the equal rights Amendments led to a gradual shift in the role and status of women in the military (Holm, 1982). In todays military, women were no longer confined to traditional roles in the medical and administrative fields. Almost all military job categories and military occupational specialties (MOS) have been opened to women. They now repair tanks, warplanes, and intercontinental ballistic missiles (ICBMs). They serve on na val vessels that deploy to service ships and submarines of the operational fleet and on Coast Guard cutters operating off United States shores. They serve on missile crews, operate heavy equipment, and direct air traffic. They also provide essential support to combat troops in the field (Holm, 1982). It appears that women have been integrated into practically every aspect of the military; yet there are some jobs that remain closed to them, namely-direct combat specialties (Holm, 1982; Goldman, 1982). It is over these residual exclusions that controversy rages. Technically, women are barred by low or policy from what is defined in narrow terms as combat. Each of the United States Armed Services excludes females from active Combat. The nature and extent of the exclusion varies with each service. Yet, many argue that the distinction between combat and non-combat becomes blurred in the context of women warfare (Gilder, 1979; Holm, 1982, Goldman, 1982). In actually, many women are assigned to jabs that will expose them to enemy attack, and this has been openly acknowledged by the top Pentagon officials (Women in combat-closer than you think, 1980). The United States Army has also recognized that women would be deployed in combat zones as an inevitable consequence of their assignments. This was confirmed in the following statement made by then Army Chief of Staff, General Bernad W. Rogers: Some people believe that women soldiers will not be deployed in the event of hostilities: that they are only to be part-time soldiers here in peace, gone in w ar. Women are an essential part of the force; they will deploy with their units and they will serve in the skills in which they have been trained (Holm, 1982, p. 286). It appears that the combat exclusion policy does not realistically exclude women from combat, and it seems the militarys reliance on women is increasing. Schneider (1988) conducted interviews with women in traditionally male jobs, asking them what they felt their status would become if a war broke out. In general, they believed that they could not and would not be removed in combat situation (p. 162). The following was taken from two of these interviews. Ive already asked, said a first flight engineer on a C-5, what happens if Im sitting on alert in Europe somewhere and something really happens? Does that mean that they dont have a legal crew anymore because the engineer cant go? A Coast Guard female lieutenant had this to say: ? I was the trained CIC officer, responsible for the combat information center. Along with a team of radar men, CIC must plot all enemy and friendly forces and advise the bridge of such things as incoming missiles. Im the one thats used to working with these g uys. That was the purpose of sending us through that simulated training, so that we could get used to working together as a team. What would they do? They couldnt just fly me off and stick somebody else in there (Schneider, 1988, p.162). .u184eba78e0ba10eb7cd57920a70a2e9a , .u184eba78e0ba10eb7cd57920a70a2e9a .postImageUrl , .u184eba78e0ba10eb7cd57920a70a2e9a .centered-text-area { min-height: 80px; position: relative; } .u184eba78e0ba10eb7cd57920a70a2e9a , .u184eba78e0ba10eb7cd57920a70a2e9a:hover , .u184eba78e0ba10eb7cd57920a70a2e9a:visited , .u184eba78e0ba10eb7cd57920a70a2e9a:active { border:0!important; } .u184eba78e0ba10eb7cd57920a70a2e9a .clearfix:after { content: ""; display: table; clear: both; } .u184eba78e0ba10eb7cd57920a70a2e9a { 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; } .u184eba78e0ba10eb7cd57920a70a2e9a:active , .u184eba78e0ba10eb7cd57920a70a2e9a:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .u184eba78e0ba10eb7cd57920a70a2e9a .centered-text-area { width: 100%; position: relative ; } .u184eba78e0ba10eb7cd57920a70a2e9a .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .u184eba78e0ba10eb7cd57920a70a2e9a .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .u184eba78e0ba10eb7cd57920a70a2e9a .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; } .u184eba78e0ba10eb7cd57920a70a2e9a:hover .ctaButton { background-color: #34495E!important; } .u184eba78e0ba10eb7cd57920a70a2e9a .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .u184eba78e0ba10eb7cd57920a70a2e9a .u184eba78e0ba10eb7cd57920a70a2e9a-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .u184eba78e0ba10eb7cd57920a70a2e9a:after { content: ""; display: block; clear: both; } READ: Essay on The Kite Runner And A Separate Peace EssayIt appears that the United States military is in a position where women are so fully and flexibly involved in the organizational structure, that in a war, it would be very difficult to separate them out. Yet, there are those who feel those women are not physically and mentally

9 Famous Teacher Quotes

9 Famous Teacher Quotes What was unique about teachers who educated famous people such as Einstein, Abraham Lincoln, and the like? Were these teachers specially qualified to inspire their students to achieve fame and success? Or were these teachers just plain lucky to have exceptionally talented students? Do some teachers have the rare quality of turning dust into gold? The answer may not be easy to find. Good teachers are hard to find. Teaching institutes that offer the best facilities may attract the creme de la creme of teaching talent. However, a monetary incentive may not necessarily translate into good teaching. I have come across many selfless and good teachers working in NGOs and in charity organizations. These teachers are motivated simply by the joy of teaching. They take great pleasure in watching their students grow. They may not earn their share of fame and fortune, but they are truly wealthy in their benevolence. In this age of speedy information technology, you can access teachers from across the globe. Want to learn Spanish? Why not learn from a Spanish expert? Want to improve your dancing skills? There is no dearth of video tutorials.   A teachers job is never over even after the class is over. A teacher has to encourage each child to reach his or her potential. A teacher has to find ways to make learning fun, easy, and inspiring. Teachers have to explore various methods of instruction to enable higher learning. Tools merely assist the teacher. They cannot teach by themselves. Share these teacher quotes with your favorite teachers and bring a smile to their face. Andy RooneyMost of us end up with no more than five or six people who remember us. Teachers have thousands of people who remember them for the rest of their lives.Haim G. GinottTeachers are expected to reach unattainable goals with inadequate tools. The miracle is that at times they accomplish this impossible task.AnonymousLeading a child to learnings treasures, gives a teacher untold pleasuresAnonymousTeachers dont impact for a year, but for a lifetime.Chinese proverbTeachers open the door. You enter by yourself.Bill MuseI think a secure profession for young people is history teacher, because in the future, there will be so much more of it to teach.Howard LesterI have been maturing as a teacher. New experiences bring new sensitivities and flexibility...HippocratesI swear... to hold my teacher in this art equal to my own parents; to make him partner in my livelihood; when he is in need of money to share mine with him; to consider his family as my own brothers and to teach them this a rt, if they want to learn it, without fee or indenture. Edward BlishenLife is amazing: and the teacher had better prepare himself to be a medium for that amazement.

Religion in Egypts Business

Religion in Egypts Business Egypt is an African state situated in the northern region of Africa and it has deep roots of its origin based on Islam. This country covers approximately 1010 000 square kilometers. The immediate neighbors of Egypt are Libya and Sudan. Cairo is the capital city of Egypt and it is home to half of Egypt’s population.Advertising We will write a custom research paper sample on Religion in Egypts Business specifically for you for only $16.05 $11/page Learn More The Nile River is Egypt’s soul source of water. Egypt has greatly utilized the Nile River by using the resource to irrigate its farms. In deed the area next to the river banks is densely populated because it’s the only place that can support crop life because of availability of adequate and reliable source of water. According to a study by Mohamed, Egypt values the Nile River more than the rest of its natural resources. Since river Nile originates from Kenya and Uganda it had to bar th ese countries from using the source of river Nile for irrigation purposes. According to a treaty signed by the countries that share the source of river Nile that is lake Victoria which is shared by Kenya, Uganda and Tanzania, the three East African countries are allowed to fish from the lake but they can not use the water for irrigation because by doing so Egypt would run out of water. The pyramids and artifacts of Egypt create a great source of tourist attraction sites. Egypt is ranked among the most stable economies of Africa. This economic growth has been fostered by Egypt’s political stability and it’s ability to bait foreign investors. After the end of pharaonic era Egypt’s culture was remodeled to merge Christianity and Islam. Cairo is the largest city in Africa and is recognized as Egypt’s hub of education, business and civilization. Egyptians are appreciated for their contributions in architecture and art. They are the first people to use wall pai ntings for communication. These paintings were directed by the Pharaohs to deliver a certain message to their subjects. Organizations in Egypt are manned through hierarchical structures. Women in Egypt are prohibited from assuming management positions therefore men in Egypt have a higher bargaining power in management. When managers give their opinion or suggestion objections are unwelcome because by opposing a manager’s opinion implies lack of respect.Advertising Looking for research paper on geography? Let's see if we can help you! Get your first paper with 15% OFF Learn More Okasha argues that businesses in Egypt are owned and managed by people who are related directly or indirectly such as brothers and cousins (165). When Egyptian managers are making critical decisions, they seek advice from their juniors but they are the ones who make the final decision and their juniors are expected to adhere to the manager’s decision. Even in the absence of the manager, the relatives of the said manager can not make a decision. They have to wait until the manager is present. It is common in Egypt for organizations to be assigned to dedicated religious administrators who check the organization’s compliance with Shari’ a law. It is against the Islamic law for institutions to have swollen profits. Therefore managers in Egypt must make sure that their institutions welfare are even with the welfare of the society (Dunn).This means that institutions must inject a portion of their proceeds into attending to matters concerned with improving the livelihood of their immediate communities. This Islamic law might not favor institutions because they might dedicate most of their finances to community projects just to appease their religious leaders. According to Islam every devoted Muslim must pray at least five times a day and hence work must come to a halt for employees to attend to these prayers. Religion seems to hinder producti vity of organizations in Egypt. Organizations are also expected to only hire employees who are Muslims. These restrictions may impact on performance of organizations because they may ignore employees who posses the relevant skills and abilities and instead consider the one who is devoted to Islam and yet he/she is not qualified for that position. Dunn, Jimmy. â€Å"Doing Business in Egypt.† Tour Egypt. 2010. Web. touregypt.net/egypt-info/magazine-mag09012000-magf3.htm Mohammed, Salmaway. Dialogues of Naquib Mahfouz: Mon Egypte’. Al-Ahram Weekly.18-16 August 2006Advertising We will write a custom research paper sample on Religion in Egypts Business specifically for you for only $16.05 $11/page Learn More Okasha, El-Daly. Egyptology: The Missing Millenium. London: UCL Press, 2005. Print

Equilibrium national income Essay Example | Topics and Well Written Essays - 500 words

Equilibrium national income - Essay Example All the above dynamics keep driving the changes that occur in the national income economy since it always seeks to stabilize eventually. National equilibrium affects the economy in a great deal since it always moves it to its epicentre. Besides the national economy is never at equilibrium but always moving towards equilibrium as it seeks to stabilize with the always changing parameters in the process. In a classical system, the economy is most of the time thought to adjust itself from time to time. Most economists support the self-adjustment of a national equilibrium, which adjusts itself without or with minimal involvement of the national government. For negative output, wage is suppressed by the lack of demand and at the end of the day lead to a downward readjustment of the prices. Similarly, when there is increased demand of a product, there is released pressure on the wages, which at the end of the day leads to upward adjustments of the prices in most countries (Chao & Yu, 2002). These readjustments take place freely without the government intervention; the economy is driven by demand and supply policy. However, some of the major problems associated with the view lies with the difficulty on determining the time in which the country will take to achieve that equilibrium. With equal withdrawals and injection the national income level remains constant hence the economy coming up with a stable general equilibrium. A significant change in the economic activity is likely to be observed when there is a change in a country withdraws or injections. In case there are increased injections, the economy will grow and shrink in the instance where withdrawals are likely to exceed the latter. Economist gives an analogy of bath tub which fills with water more quickly when there is increased volume of water as compared to the amount of water leaving the tab. Concisely for the economy to be general equilibrium, it is important that there is a balance in the total