The Hardships Of The Great Depression - 1345 Words

Great Depression ‘The hardships of the Great Depression in Australia were not shared equally.’ (Anderson et. al.,2012) The 1920s was considered a time of new technologies and the beginning of women’s rights, however as the decade came to an end it was followed by an immense economic crash. On Tuesday, 29th of October 1929, the Wall Street Stock market (New York, USA) collapsed. The prices of shares dropped dramatically causing panic selling. There were large sums of sellers, but not enough buyers leading to the lowering of prices. This marked the start of the Great Depression (ended 1939) effecting the whole western industrialised world, including Australia. In Australia companies closed overnight, unemployment rates increased, goods and services prices dropped (wool and wheat), it was a year of â€Å"shantytowns (and) endless dole queues†¦Ã¢â‚¬  (Anderson et.al, 2007). The Australian Government did little to help due to the foreign debts accumulated from the infrastructure projects in the 1920s. However, evidence showed that experiences of the Great Depression were not the same for eve ryone. Men suffered from the lost of jobs however, they were prioritised over women having higher chances of obtaining a job. People who lived in rural areas were more disadvantaged than urban workers. Furthermore, even when â€Å"Millions of men were thrown out of work† (Smart, 1975), those employed by the government were able to keep their job, and even improve their lives, whereas factory and otherShow MoreRelatedSea Glass: Hardships during the Great Depression1347 Words   |  6 Pagesentered the Great Depression, the time period where the economy was at its lowest. Although signs were present, this era came as a shockwave to most citizens because the 1920s were times of extreme economic prosper. People’s lives were completely torn from their roots. 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In order to survive, a number of people had to move away from their traditional way of living in order to take care of their household (GoutourRead MoreHandicaps, Hardships, and Friendships in â€Å"Of Mice and Men†1300 Words   |  6 PagesHandicaps, Hardships, and Friendships in â€Å"Of Mice and Men† The American Dream is a dream that everyone imagines to be picture perfect. The American Dream means having freedom, equality and opportunity’s to achieve the dream that you conceptualize to be right by you. In the novel, Of Mice and Men, Steinbeck did not want to just illustrate the American dream as being easy, but he wanted to point out the American Dream as being difficult too. Steinbeck made a work of art by composing a great novel toRead MoreCinderella Man And The Great Depression991 Words   |  4 Pagesyet laborious, time for The United States as the country faced the Roaring Twenties, Great Depression and New Deal. Before the Great Depression, the United States have been a time of prosperity and originality. Products were affordable and Americans were living comfortably. Once Nineteen Twenty Nine arrived, the stock market had crashed, unemployment was at a new high, and millions of citizens were losing great deals of money. Fortunately, the New Deal, created by Frank lin D. Roosevelt, was a solutionRead MoreMegan Grogan. Mrs. Arnold. English 1301.78. 17 April 2017.1564 Words   |  7 Pagescontext. According to Unemployment During the Great Depression by John A. Garraty: â€Å"The Great Depression of the 1930s swept across most of the world like a blight or plague, swiftly and without warning. It produced much misery and suffering everywhere,† (133). This comparison offers an insight into the hardship produced by this time period and gives a representation of the powerful emotions and feelings regarding the Depression. This portrayal of hardship also offers an idea of how little people actuallyRead More The Great Depression of the 1930s in Canada1305 Words   |  6 PagesThe Great Depression of the 1930s in Canada The Great Depression of the 1930s is a benchmark for all depressions and recessions in the past and in the future. In the booklet The Great Depression of the 1930s in Canada , Michiel Horn gives an intellectual dissection of the events that occurred during the Great Depression. Michiel Horns approach leaves the reader with a foul taste for the Dirty Thirties. This essay will summarize Michiel Horns key points as well as discuss the ability ofRead MoreA comparison between The Great Depression and Of Mice and Men by Steinbeck622 Words   |  3 PagesThe Great Depression is comparable to Lennie and George s life. I would like to give a comparison of George Milton and Lennie Small to the Great Depression. The time that this story took place was during the Great Depression. John Steinbeck captured the reality of this most difficult time. During the Great Depression people needed to travel together to share chores and duties to make a living until something better came along. That is the way George and Lennie traveled. They traveled togetherRead MoreA Comparison of Of Mice and Men and The Great Depression an Eyewitn697 Words   |  3 PagesA Comparison of Of Mice and Men and The Great Depression An Eyewitness History The Great Depression is comparable to Lennie and Georges life. I would like to give a comparison of George Milton and Lennie Small to the Great Depression. The time that this story took place was during the Great Depression. John Steinbeck captured the reality of this most difficult time. During the Great Depression people needed to travel together to share chores and duties to make a living until something

Satire, Stain Glass And The Hagia Sophia - 1303 Words

Throughout the course of the class, we have examined multiple forms of art across the span of multiple centuries. Three pieces I believe have influence the way western culture has evolved today is satire, stain glass and the Hagia Sophia. These pieces have changed the way society has and is changing. Though I did not find the Forum of Trajan, the Magnus Liber Organi, and the Sistine Chapel as important as the aforementioned, they have expanded my appreciation and understanding of western art. The first piece of art I consider important is not a piece within itself. I would say the art of satire is very important to western culture. The goal of satire was to criticize society in a humorous way that encourages the improvement of said society. The satirists had hopes that this would correct social evils by laughing at them. For example in Johnathan Swift’s, Gulliver’s Travels, uses different encounters to emphasize political corruption and mock the vices of the humans in his novel. This piece has one example of the most common vices found in humans; bickering, gluttony and avarice. Swift wanted to show that humans were at fault for their cruelty and failures because they were given reason. This style is unique because many of the pieces were absurd in the suggestions. The pieces would suggest things such as eating children (A Modest Proposal), mock social climbers and degenerate nobles (Marriage a la Mode). Satire is significant to our cultural history becau se it was a

Operating Model Definition Free Essays

l assist in the integration of processes throughout franchises 200 locations. The main location will have the ability to make changes to expectations or processes and make them available to all of the 200 locations from the main location without having to go to each location individually. This operating model will improve the structure and processes of the 200 franchise locations by making it possible to reach out to all of them at once whenever necessary changes are needed to be made. We will write a custom essay sample on Operating Model Definition or any similar topic only for you Order Now Each location will also have the ability of reporting to the central location any changes as well as request to make changes and send in any data that would prove the necessity of the proposed changes without needing to go to that individual location to address whatever issues at hand. Ralph’s Ribs is unlike any of the other sample organizations because it lacks an actual formal IT setup since all data is sent in from the 200 franchises as individual batch files. The chosen model would help in any of the four scenarios; however it would prove to be a vital asset for Ralph’s Ribs as it would help standardize all processes throughout the 200 franchises making it easier to manage the data coming in from the franchise locations. The chosen operating model would assist in saving time thus allowing the organization and its franchises to make additional advancements which would allow them to implement their sales and marketing strategies. When saved time is utilized it opens the door to unlimited opportunities, in this case Ralph’s Ribs main location would save an enormous amount of time if the individual reports from its 200 franchise locations were sent into a database that was setup to receive and sort the data from the franchise locations. How to cite Operating Model Definition, Papers

Analysis of ExxonMobil and British Petroleum

Question: Describe about the Financial Statement Analysis of ExxonMobil and British Petroleum? Answer: Introduction British petroleum is an oil and gas providing company which is mainly supplies of fuel their clients and customers for transportation activities, light producing energy supplies and lubricant products which is required for the vehicles engine and different products which is used by the consumers petrochemical products which is mainly used in the preparation of paints and clothes facilities for other products. Exxon Mobil Corporation is exploring their business activities in the country U.S for the production and distribution activities of the oil and natural gases. The company is mainly deal in the products like petrochemical, aromatics and the other products which is directly related to the petrochemical products and industry. The project is all about the understanding the financial status of the company in the market during the financial period of 2013 and 2014 (Horngren and Rajan, 2012). The critical analysis of the companies Exxon Mobil and British Petroleum which are mainly described the financial situation of the company in the market and the non financial analysis which is mainly described the investment decision and the other strategies of the companies with the support several organizational sources within given period of time. The situation of the different analysis which is related to the several activities of the company is mainly depends upon the companies are having certain rules and policies according to which is the income statements of the organization which is support in measuring the performance of the company within a given period of time (Horngren and Oliver, 2012). The study is all about the investments activities in the energy proving company. The companies are providing products and services in the petrochemical and energy sector which will provide better financial position of the organization in the different scenarios of the company during perf orming in the market. Critical Analysis The critical analysis of the company will be analyzed by the company within a given period of time by the reviewing the financial statement analysis of the companies Exxon Mobil and British petroleum. The ratio analysis will be better analyzing the financial and performance status of this organization (Gibson, 2012). Profitability Ratio Profitability ratios of any organization which is support to analysis of the measuring the capabilities of the organizations in the revenue generation activities of the companies within a particular given period of time. Here the overall profitability analysis of the companies Exxon Mobil and British Petroleum within financial period of 2013 and 2014 (Garrison and Brewer, 2012). Particulars ExxonMobil British Petroleum 2013 2014 2013 2014 Total Revenue $ 438,255.00 $ 411,939.00 $ 379,136.00 $ 353,568.00 Gross Profit $ 57,711.00 $ 51,630.00 $ 30,221.00 $ 4,950.00 Gross Profit Margin 0.131683609 0.125334091 0.079710183 0.014000136 According to the overall analysis of the companys financial statements which is helping in measuring the earning capabilities of the company within given period of time. The mentioned companies are having 0.131 and 0.125 in the financial year 2013 and 2014 for Exxon Mobil and for British Petroleum the gross profit earning margin is 0.079 and 0.014 respectively. The overall situations showing that these companies are reducing their gross earning capability of the company. Particulars ExxonMobil British Petroleum 2013 2014 2013 2014 Total Revenue $ 438,255.00 $ 411,939.00 $ 379,136.00 $ 353,568.00 Net Profit $ 32,580.00 $ 32,520.00 $ 23,758.00 $ 4,003.00 Net Profit Margin 0.074340281 0.078943727 0.06266353 0.011321726 According to the overall analysis of the companys financial statements which is helping in measuring the earning capabilities of the company within given period of time. The mentioned companies are having 0.074 and 0.078 in the financial year 2013 and 2014 for Exxon Mobil and for British Petroleum the net profit earning margin is 0.0626 and 0.011 respectively. The overall situations showing that these companies are reducing their net earning capability of the company. The indirect expenses of the companies are huge which is reducing the net margin of the company within a given financial period of time. Particulars ExxonMobil British Petroleum 2013 2014 2013 2014 Net Profit $ 32,580.00 $ 32,520.00 $ 23,758.00 $ 4,003.00 Total Asset 346,808 349,493 305,690 284,305 Return On Assets 0.093580219 0.099269975 0.080536276 0.028159899 According to the overall analysis of the companys financial statements which is helping in measuring the earning of the company by the assets which is acquired by the company within given period of time. The mentioned companies are having 0.093 and 0.099 in the financial year 2013 and 2014 for Exxon Mobil and for British Petroleum the returns earned from the assets acquiring activities are 0.080 and 0.028 respectively. The overall situations showing that these companies are showing that company Exxon Mobil is performing better than British petroleum in the financial year 2013 and 2014. Liquidity Ratio Liquidity ratios of the company are mainly support in calculating the financial liquidity analysis of the company within a provided period of time. Liquidity ratios define the short term financial status of the company for settle down their financial obligations within a certain period of time. The liquidity ratio of the companies Exxon Mobil and British Petroleum will be identified by the calculation of current and liquidity ratios of these companies (Follett, 2012). Particulars ExxonMobil British Petroleum 2013 2014 2013 2014 current assets 59,308 52,910 96,840 87,262 current liabilities 71,724 64,633 72,812 63,615 current ratio 0.826891975 0.818622066 1.330000549 1.371720506 The current ratio of the companies Exxon Mobil and British petroleum are in the financial year 2013 and 2014 is mainly analyzed as 0.826 and 0.818 which is related to the certain activities of the company and the current ratio of the company 1.330 and 1.371 within a given financial period of time which is showing that British Petroleum is more efficient in paying their short-term obligations of the company within a given period of time rather than compare to Exxon Mobil corporation. Particulars ExxonMobil British Petroleum 2013 2014 2013 2014 current assets 59,308 52,910 96,840 87,262 current liabilities 71,724 64,633 72,812 63,615 Inventory $ 12,117.00 $ 12,384.00 $ 29,231.00 $ 18,373.00 quick ratio 0.657952708 0.627017158 0.928541999 1.082904975 The quick ratio of the companies Exxon Mobil and British petroleum are in the financial year 2013 and 2014 is mainly analyzed as 0.657 and 0.627 which is related to the certain activities of the company and the current ratio of the company 0.928 and 1.082 within a given financial period of time which is showing that British Petroleum is more efficient in paying their short-term obligations of the company within a given period of time rather than compare to Exxon Mobil corporation. Solvency Ratio The solvency ratios are mainly help in the making payment for the organization within long term period of time to their creditors and financial institutions. The debt and equity ratios of the companies will easily define the financial status of the company in terms of the paying their long terms obligations (Edwards and Boyns, 2012). Particulars ExxonMobil British Petroleum 2013 2014 2013 2014 Total Debt $ 6,891.00 $ 11,653.00 $ 40,811.00 $ 45,977.00 Total Equity $ 10,077.00 $ 10,792.00 $ 130,407.00 $ 112,642.00 Debt-Equity Ratio 0.683834475 1.079781319 0.312950992 0.408169244 According to the calculation of the debt equity ratios of the these mentioned companies are mainly related to the different companies which is defining the debt equity ratios of the organization in ideal proportion in the financial year 2013 an 2014 is 0.683 and 1.079 for the company Exxon Mobil and for the British Petroleum the company is mainly having debt equity percentage of 0.312 and 0.408 for British petroleum in the financial year 2013 and 2014. The overall scenarios shows that the Exxon Mobil corporation is having huge debt in compare to the equity provided by the company (Drury, 2012). Particulars ExxonMobil British Petroleum 2013 2014 2013 2014 Total Liabilities $ 166,313.00 $ 168,429.00 $ 175,283.00 $ 171,663.00 Total Asset 346,808 349,493 305,690 284,305 Debt Ratio 0.479553528 0.481923815 0.573401158 0.603798737 Debt ratio of the companies is mainly showing the financial capabilities of the company through their investors and the different financial institutions in the given financial period of time. The debt ratio of both the organization is 0.479 and 0.481 in the financial year 2013 and 0.573 and 0.603 within financial year 2014. The debt acquiring status of the company British Petroleum is higher in compare to the Exxon Mobil. Particulars ExxonMobil British Petroleum 2013 2014 2013 2014 Total Equity $ 10,077.00 $ 10,792.00 $ 130,407.00 $ 112,642.00 Total Asset 346,808 349,493 305,690 284,305 Equity Ratio 0.029056423 0.030879016 0.426598842 0.396201263 Equity ratio of the company mainly described the financial status of the company that how much amount of the money is invested by the company in their business activities within given period of financial year 2013 and 2014 are 0.0290 and 0.030 in 2013 and 0.426 and 0.396 in the financial year 2014 which is showing that company British Petroleum is maintaining the more equity proportion than debt amount in the given period of time (Bhimani, 2012). Non Financial Analysis Balance scorecard According to the non financial scenario analysis of the petrochemical company Exxon Mobil is mainly considering as a global based petrochemical company which is mainly giving impact on the global market price changes of the oil and gases which is depends upon the different factors of the getting impact demand and the supply of the companys products which is manufactured by the representative company. Financial perspective Customers perspective Internal process perspective Learning and growth perspective During the economic activities like recession and the inflation periods of time the growth of the companies will be negatively sloping and the overall direct impact of the company operational activities (Moeschler, 2012). The demand and supply of the products of the different companies are positively sloping as per the expectations of market investors. The prices of the goods which is supplied by the company is mainly based on the several factors which are several factors like changes in population growth, exchange rate of the currency and fluctuations (Petersen and Plenborg, 2012). There are various factors which is mainly depends upon the risk factors of the different kind of assets which is acquired by the company and capabilities of the Exxon Mobil for giving financial satisfaction to their stakeholders. The several factors which is depends upon legal obligations of the company Exxon Mobil and the barriers which providing several activities of the company within a given period of time period for the company. Exxon Mobil are also facing huge problem in the legalization of the government for the petrochemical industry in U.S. The company British petroleum is mainly related to the several activities which is depends upon the certain activity which directly and indirectly indicated by the organization for the controlling the different hazards in the material supplied by the company within a given period of time. As per the overall performance of the company the business activities of the British Petroleum is losing the figures of the different containment figures of the company (Ratnatunga and Balachandran, 2012). The key performance indicators of the company which is depends upon the strategies and the other scenarios of the organization which is totally depends upon the Non financial activities of both the companies. The companies are mainly supporting the overall activities of the company which is mainly based on the financial performance of the companies. The business strategies of the both the companies Exxon Mobil and British petroleum are growing as per their non financial activities of the company which is highly growing in the market all around the world. Conclusion The overall project is describing the financial and strategic performance of the company within given period 2013 and 2014. The companies Exxon Mobil Corporation and British Petroleum are performing well in the market with the products of petrochemical products which is showing as per the critical analysis that company is declining in maintaining the financial status of the organization in 2014 which is lower than the financial year 2013. The overall performances of both the companies are mainly better as per the analysis of the overall analysis of the company profile and financial scenarios. Reference Bhimani, A. (2012).Management and cost accounting. Harlow, England: Financial Times/Prentice Hall. Drury, C. (2012).Management and cost accounting. 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