Tuesday, December 24, 2019
Stereotyping of Asian American Youth The Effects on...
Introduction: Throughout American history, the United States has been a cauldron where different diversities mix and mingle. In this hot pot of diversity, all of the ingredients (ethnicities) will not always conform to one and other; this could possibly lead to discrimination. This paper will be primarily focus on the discrimination towards Asian American youth of the 21st century and how it affects their academics. The research question guiding this investigation is ââ¬Å"To what extent does the stereotyping of Asian American high school students as the model minority impact their performance on standardized tests such as ACT?â⬠The focus will lead towards the stereotyping of Asian American students such as smart, math geniuses, or good atâ⬠¦show more contentâ⬠¦Vincent Chin was a Chinese orphan who came to the United States with his adoptive parents. He went to college and graduated obtaining his Bachelors in engineering. At the age of 27, on track with the love of hi s life he was about to achieve the American dream, getting married and raising a family. Before his wedding, he went out with friends on a bachelors party at a bar. This was the scene where the two assailants, Ronald Ebens and his stepson Michael Nitz, targeted Mr.Chin and followed him to a Mcdonalds. The two men found and beat Vincent chin to death presuming he was Japanese. Due to Japanââ¬â¢s automotive invasion of the United States, Chinââ¬â¢s assailants were laid off from their careers at an automotive company which was the underlying cause of the resentment towards Asians. Ebens and Nitz blamed Japanese people for the economic downfall of the U.S automotive industry. This incident brought up the controversy American society has planted on the Asian race,ââ¬Å"they all look the same.â⬠These negative stereotypes casted upon Asian society brought the community together to rebel against the injustice and oppression. Ms.Chin ,Vincent Chins mother, became an activist ral lying support at Asian dinners and family restaurants continued the spread of the message and further united the Asian community. Due to theShow MoreRelatedAsian American Students : Combating The Effects Stereotypes And Cultural Differences1701 Words à |à 7 PagesDevin Hong 75827376 Asian American Politics - ASAM 131 O Brien 11/13/14 Midterm - Research Dossier Asian American Students: Combating the Effects Stereotypes and Cultural Differences Introduction The population of Asian Americans and Asian immigrants in America doubled between 1980 and 1990, with the expectation to double again between 1990 and 2020. As such, Asian-Americans are one of the fastest growing ethnic groups in this country; yet their particular educational needs at the early childhoodRead MoreArgumentative Essay On Racism1710 Words à |à 7 Pagesand many things pertaining to racism were made illegal but that doesnââ¬â¢t mean racism disappeared. Although the separation of the races are more organized, racism can lead the world back to inequality, the spread of hate and judgment can impact the youths for the worse, and the integration of different races means that everyone can share their traditions and cultures. Some people may believe there are not specific types of racism but there are indeed different categories such as: Colorism, InternalizedRead More509 Paper3137 Words à |à 13 PagesHuman Services Abstract Multiculturalism in education is an essential element in shaping Americaââ¬â¢s increasingly diverse society by reducing racism. This research takes a look at the relationship between multiculturalism and how educating the youth would cure racism. Multiculturalism is the view that cultural differences should be respected or even encouraged. The concept of multiculturalism reduces racism in our society because it forces people to communicate and understand individualsââ¬â¢ culturesRead MoreStatement of Purpose23848 Words à |à 96 PagesOhio Wesleyan Writing Center Founded University Promoting1955 as a hallmark of liberal arts education writing Writing Guidelines Statements of Purpose From the OWU Writing Center in the Sagan Academic Resource Center The OWU Writing Center Corns 316 ââ" ª (740-368-3925) ââ" ª http://writing.owu.edu ââ" ª open Monday-Friday, 9:00 a.m. to 5:00 p.m. Ohio Wesleyan University Writing Center à © 2011 Writing Guidelines for Statements of Purpose Contents Writing Your Statement of Purpose ..........Read MoreThe Effects of Advertising on Children33281 Words à |à 134 PagesCommunications and Media Authority (ACMA). The objectives of the CTS are to provide for children to be specifically catered for in programming, including Australian programming, and to provide for the protection of children from the possible harmful effects of television. The advertising provisions are a subset of the CTS and regulate the amount, content and presentation of commercial advertising material directed to children. These provisions were designed to address concerns about advertising directedRead MoreThe Social Impact of Drug Abuse24406 Words à |à 98 Pagesvaries by country and often within country. The regions where these trends for increasing abuse occur are Africa, Europe (especially eastern Europe) and the Americas (except for the Bahamas, Canada, Ecuador and the United States of America). In the Asian and Pacific region, a mixed trend emerged, wi th as many countries reporting stable or slight decreases as increases. In the Near and Middle East, increasing abuse was found in Egypt, Israel, Pakistan and the Syrian Arab Republic. 7 Several StatesRead MoreAn Introduction to Intercultural Communication29172 Words à |à 117 Pagescultural problems is developed through their experience in a number of different fields. Academic Knowledge Cross cultural consultants will generally have an academic background either in specific courses such as Cross Cultural Communication and Trade or Cross Cultural Psychology or in related courses such as International Relations or Business Studies. Their studies will equip them with the academic skills and knowledge of the field that will later be applied in the business context. BusinessRead MoreHigh School Student Essay20272 Words à |à 82 PagesStudents Chapter 3 Learner Diversity: Differences in Todayââ¬â¢s Students Chapter 4 Changes in American Society: Their Influences on Todayââ¬â¢s Schools ISBN: 0-536-29980-3 Introduction to Teaching: Becoming a Professional, Second Edition, by Donald Kauchak and Paul Eggen Published by Prentice-Hall/Merrill. Copyright à © 2005 by Pearson Education, Inc. ISBN: 0-536-29980-3 Introduction to Teaching: Becoming a Professional, Second Edition, by Donald Kauchak and Paul Eggen Published by Prentice-Hall/MerrillRead MoreLgbt19540 Words à |à 79 Pagesdiscrimination against lesbian, gay and bisexual people. It is also the dislike of same-sex attraction and love or the hatred of people who have those feelings. The term was first used in the 1970s and is more associated with ignorance, prejudice and stereotyping than with the physiological reactions usually attributed to a ââ¬Ëphobia. While homophobic comments or attitudes are often unintentional, they can cause hurt and offence to lesbian, gay and bisexual people. Transphobia Transphobia refers to fearRead MoreAppearance Discrimination in Employment22039 Words à |à 89 Pagesthe authors apply ethical theories to determine whether such discrimination can be seen as moral or immoral. Design/methodology/approachà ââ¬â It is a legal paper which covers all the laws related to discrimination based on look. Court cases and Americans laws related to this concept are reviewed and critically discussed. Findingsà ââ¬â The paper finds that appearance-based discrimination is not illegal in the USA so long as it does not violate civil rights laws. Research limitations/implicationsà ââ¬â
Monday, December 16, 2019
Mood Disorders Free Essays
Read the case study and type using 12 fonts directly into the rubric. Save the document, print it and submit to your clinical instructor (turn in to secretary) when due (see course calendar). Darlene, age 62 years, has been admitted to the local psychiatric facility for inpatient treatment of depression. We will write a custom essay sample on Mood Disorders or any similar topic only for you Order Now She became severely depressed when her son experienced a traumatic brain injury sustained in an automobile accident 6 years ago. Since her sonââ¬â¢s accident, she has selected to pay her bills on time, has difficulty sleeping and difficulty concentrating, has lost interest in eating, and has lost 30 pounds during the last year. She is complaining of frequent headaches, generalized pain and malaise. She no longer attends the weekly sewing club due Tao lack of interest and energy. Her husband of 40 years divorced her 2 years ago. Her home needs repairs, and she says she feels overwhelmed with completing the maintenance required. She expresses feelings of helplessness. She states that she ââ¬Å"is alone and no one cares. Darlene reports that he often sits alone at night watching television and sips on a can of beer. She has been noncompliance with pharmacological antidepressant therapy, which has led to her admission to an acute care psychiatric setting. She hardly makes eye contact, slouches in her seat and wears a blank but sad expression. She says to you, ââ¬Å"this feeling of depression is the worst thin g I have had to go through since my sonââ¬â¢s accident. I will never go through this again. I guarantee you this will be my last episode of depression. â⬠ââ¬Å"My mother suffered from depression and it destroyed our family. The physician has indicated that if Darlene does not respond to medication over the next 2-3 days, he will order ACT. Darlene has a history of hypertension but has not been taking medication. On admission her pulse is 98, Temperature is 99. 2 and blood pressure is 174/96 and her doctor prescribes Corer. She states she has been diagnosed with GEAR and used to take Proposes, but she has not taken any the past six months even though she still has symptoms of Acid Reflux. Her doctor reorders the Proposes upon admission. She had surgery twenty years ago to remove a benign tumor from her left ovary. Mood Disorders By enormous How to cite Mood Disorders, Papers
Sunday, December 8, 2019
Advanced Taxation Ryanair Limited
Question: Discuss about the Advanced Taxation for Ryanair Limited. Answer: Introduction The present study incorporates a case summary between Ryanair Limited and The Revenue Commissioners by considering the point of law, background of the case along with the facts. The discussion also covers the concept on revenue position including the discussion on misinterpretation of Rompleman and Centime case laws. The study involves discussion on the eligibility of taxable person as per the regulations under Value Added Tax Act 1972. In addition, the discussion also involves explanation based on CIBO case for considering taxable revenues for the department. Discussion The present case of Ryanair Limited v The Revenue Commissioners (2013) IEHC 195 contains an issue on determination of appellants entitlement for deducting input VAT on the amount of professional fees. It has been noted that the taxpayer was involved in the business of transportation of air passenger and the income derived from the business was not subjected to Irish VAT. However, the taxpayer claimed his entitlement for reclaiming the amount of input VAT on the service cost in relation to the business activities (Strangio and Tamborrino 2016). It has been stated in the case that a taxpayer is entitled to deduct an amount only during the time of chargeability of deductible tax. In the given case, the appellant earned VAT on the professional fees with respect to Bid in which the taxpayer claimed deduction based on the taxable supplies. The court in this connection contended the valuation and inclusion of Value Added Tax for supply of goods and services in accordance with the VAT regulations as per Irish Tax Act. Further, the court considered the concept of taxable person as per the regulation under Article 4 that provides a taxable person is considered as an independent individual who carries economic activity in any place comprising the producers or traders activity (Irishstatutebook.ie 2017). Under the rulings in case of Ropelman v Minister van Finance, the court contended that the attainment of right for the future property transfer was an economic activity. The court considered the contents of Article 4(1) on harmonization of law that is related to the turnover tax consists in several commercial transactions. It has been clarified that the asset acquisition, immovable property acquisition and transfer of rights consists as a part of commercial transactions hence, should be considered as economic activity (Pfeif fer 2015). Similarly, in case of Centime Limited v Crawford Inspector of Taxes (2005) IEHC 328, the respondent required repayment of VAT that was charged by the concerned suppliers. However, it was contended under the rulings that the appellant was having taxable interest in the transfer of property before the registration on VAT has been made (Harris 2015). The court held that the appellant had clear purpose to develop the football stadium meant to be used for other activities; hence it was considered as economic activity for the purpose of VAT. The present case contained the proceedings based on the regulations of section 941 under VAT Consolidation Act 2010. The court held that the appellant conducted a formal bid in order to purchase the securities of Aer Lingus with an intention to operate the business of airline through a single group but with different brands. It was further contended that the business will be conducted by using substantial proficiency to enhance Aer Linguss performance. Even though the appellant could not win the entire bid, Ryanair Limited acquired a part of share capital which was not considered as significant acquisition (Webb et al. 2013). On the contrary, court held that the appellant, Ryanair Limited incurred Value Added Tax on the professional fees that was paid with respect to the process of Bid. The respondent that is Revenue Commissioner refused to allow the claim for deducting Value Added Tax based on the condition that the bid was not an economic activity and it was not connected to the ta xpayers general business. However, the court held that the bid was conducted to acquire rights on shares for future transactions hence, it shall consists a part of economic activity and hence the appellant is entitled to claim VAT deduction paid of professional fees (Marcum, Martin and Strickland 2015). Conclusion In view of the above case discussion, it can be said that deduction of Value Added Tax on the taxable supplies can be claimed on the basis of economic activities as per the regulations stated in Irish Tax Act. The given case provided that the appellant was entitled to claim VAT deduction on the professional fees incurred for bid process as the bid was conducted to acquire the acquisition rights for future business transactions. The process was held to be an economic activity as per Article 4(1) hence; Ryanair Limited was entitled to claim VAT deduction. Reference List Harris, D., 2015. International Tax Implications of the Organisation for Economic Co-operation and Development Proposal to Neutralize Hybrid Mismatch Arrangements.Cath. UL Rev.,65, p.635. Irishstatutebook.ie. 2017. Irish Statute Book. [online] Available at: https://www.irishstatutebook.ie [Accessed 7 Apr. 2017]. Marcum, B., Martin, D.R. and Strickland, D., 2015. Merger waves and corporate inversions: Causes and consequences.Journal of Corporate Accounting Finance,26(5), pp.85-91. Pfeiffer, S., 2015. Current questions of EU VAT grouping.World Journal of VAT/GST Law,4(1), pp.26-40. Strangio, D. and Tamborrino, R.R.M., 2016. Patrimonio urbano e cibo etnico: la Little Italy di New York e la sua immagine per uno studio comparato. Aspetti preliminari di un progetto in itinere.CITTA'E STORIA,11(1), pp.91-121. Webb, J.W., Bruton, G.D., Tihanyi, L. and Ireland, R.D., 2013. Research on entrepreneurship in the informal economy: Framing a research agenda.Journal of Business Venturing,28(5), pp.598-614.
Saturday, November 30, 2019
Lincoln And Emancipation Essays - Presidency Of Abraham Lincoln
Lincoln And Emancipation He comes to us in the mists of legend as a kind of homespun Socrates, brimming with prarie wit and folk wisdom. There is a counterlegend of Lincoln, one shared ironically enough by many white Southerners and certain black Americans of our time. Neither of these views, of course, reveals much about the man who really lived--legend and political interpretations seldom do. As a man, Lincoln was complex, many-sided, and richly human. He was an intense, brooding person, he was plagued with chronic depression most of his life. At the time he even doubted his ability to please or even care about his wife. Lincoln remained a moody, melancholy man, given to long introspection about things like death and mortality. Preoccupied with death, he was also afraid to insanity. Lincoln was a teetotaler because liquor left him "flabby and undone", blurring his mind and threatening his self-control. One side of Lincoln was always Supremely logical and analytical, he was intrigued by the clarity of mathematics. As a self-made man, Lincoln felt embarrassed about his log-cabin origins and never liked to talk about them. By the 1850s, Lincoln was one of the most sought after attorney in Illinois, with a reputation as a lawyer's lawyer. Though a man of status and influence, Lincoln was as honest in real life as in legend. Politically, Lincoln was always a nationalist in outlook , an outlook that began when he was an Indiana farm boy tilling his farther mundane wheat field. Lincoln always maintained that he had always hated human bondage, as much as any abolitionist. He realized how wrong it was that slavery should exist at all in a self-proclaimed free Republic. He opposed slavery, too, because he had witnessed some of it's evils firsthand. What could be done? So went Lincoln's argument before 1854. To solve the ensuing problem of racial adjustment, Lincoln insisted that the federal government should colonize all blacks in Africa, an idea he got from his political idol, Whig national leader Henry Clay. Then came 1854 and the momentous Kansas-Nebraska Act , brainchild of Lincoln's archrival Stephen A. Douglas. At once a storm of free-soil protest broke across the North, and scores of political leaders branded the Kansas-Nebraska Act as part of a sinister Southern plot to extend slavery and augment Southern political power in Washington. The train of ominous events from Kansas-Nebraska to Dred Scott shook Lincoln to his foundations. Lincoln waded into the middle of the antiextension fight. By 1858, Lincoln, like a lot of other Republicans, began to see a grim proslavery conspiracy at work in the United States. The next step in the conspiracy would be to nationalize slavery: the Taney Court, Lincoln feared, would hand down another decision, one declaring that states could not prohibit slavery. For Lincoln and his Republican colleagues, it was imperative that the conspiracy be blocked in its initial stage - the expansion of slavery into the West. Douglas fighting for his political life in free-soil Illinois, lashed back at Lincoln with unadulterated racebaiting. Forced to take a stand against Douglas ruin him with his allegations, Lincoln conceded that he was not for Negro political or social equality. Exasperated with Douglas and white Negrophobia in general, Lincoln begged American whites "to discard all this quibbling about this man and the other man---this race and that race and the other race as being inferior. Lincoln lost the 1857 Senate contest to Douglas. Yet for the benefit of the Southerners, he repeated that he and his party would nor hurt slavery in the South. But Southerns refused to believe anything Lincoln said. At the outset of the war, Lincoln strove to be consistent with all that he and his party had said about slavery: his purpose in the struggle was strictly to save the Union. There were other reasons for Lincoln's hands-off policy about slavery. He was also waging a bipartisan war effort, with Northern Democrats and Republicans alike enlisting in his armies to save the Union. But the pressures and problems of civil war caused Lincoln to change his mind and abandon his hands policy about slavery and hurl an executive fist at slavery in the rebel states. Sumner, Lincoln's personal friend was especially persistent in advocating the freeing of the slaves. Sumner, as a major Lincoln adviser on foreign affairs, also linked emancipation to foreign policy. Black and White abolitionists belabored that point too. The pressure on Lincoln to strike at slavery was unrelenting. On that score slaves themselves were contributing to the pressures on Lincoln to
Tuesday, November 26, 2019
The Short Run vs. the Long Run in Microeconomics
The Short Run vs. the Long Run in Microeconomics Many an economics student has pondered the difference between the long run and the short run in economics. They wonder, Just how long is the long run and how short is the short run? Not only is this a great question, but its an important one. Heres a look at the difference between the long run and the short run in microeconomics. Short Run vs. Long Run In the study of economics, the long run and the short run dont refer to a specific period of time, such as five years versus three months. Rather, they are conceptual time periods, the primary difference being the flexibility and options decision-makers have in a given scenario. In the second edition of Essential Foundations of Economics, American economists Michael Parkin and Robin Badeà give an excellent explanation of the distinction between the two within the branch of microeconomics: The short runà is a period of time in which the quantity of at least one input is fixed and the quantities of the other inputs can be varied. The long run is a period of time in which the quantities of all inputs can be varied. There is no fixed time that can be marked on the calendar to separate the short run from the long run. The short run and long run distinction varies from one industry to another. In short, the long run and the short run in microeconomics are entirely dependent on the number of variable and/or fixed inputs that affect the production output. Example of Short Run vs. Long Run Consider the example of a hockey stick manufacturer. A company in that industry will need the following to manufacture its sticks: Raw materials such as lumberLaborMachineryA factory Variable Inputs and Fixed Inputs Suppose the demand for hockey sticks has greatly increased, prompting the company to produce more sticks. It should be able to order more raw materials with little delay, so consider raw materials to be a variable input. Additional labor will be needed, but that could come from an extra shift and overtime, so this is also a variable input. Equipment, on the other hand, might not be a variable input. It might be time-consuming to add equipment. Whether new equipment will be considered a variable input willà dependà on how long it would take to buy and install the equipment and to train workers to use it. Adding an extra factory, on the other hand, is certainly not something that could be done in a short period of time, so this would be the fixed input. Using the definitions at the beginning of the article, the short run is the period in which a company can increase production by adding more raw materials and more labor but not another factory. Conversely, the long run is the period in which all inputs are variable, including factory space, meaning that there are no fixed factors or constraints preventing an increase in production output. Implications of Short Run vs. Long Run In the hockey stick company example, the increase in demand for hockey sticks will have different implications in the short run and the long run at the industry level. In the short run, each firm in the industry will increase its labor supply and raw materials to meet the added demand for hockey sticks. At first, only existing firms will be likely to capitalize on the increased demand, as they will be the onlyà businesses that have access to the four inputs needed to make the sticks. In the long run, however, the factory input is variable, which means that existing firms are not constrained and can change the size and number of factories they own while new firms can build or buy factories to produce hockey sticks. In the long run, new firms will likely enter the hockey stick market to meet the increased demand. Short Run vs. Long Run in Macroeconomics One of the reasons the concepts of the short run and the long run in economics are so important is that their meanings vary depending on the context in which they are used. which also is true in macroeconomics.
Friday, November 22, 2019
Homoioteleuton - Definition and Examples in English
Homoioteleuton s in English Homoioteleuton is the use of similar sound endings to words, phrases, or sentences.à In rhetoric, homoioteleuton is regarded as a figure of sound. Brian Vickers equates this figure with assonance or prose rhyme (In Defence of Rhetoric, 1988).à In The Arte of English Poesy (1589), George Puttenhamà compared the Greek figure of homoioteleuton to our vulgar rhyme, offering this example: Weeping, creeping, beseeching I wan / The love at length of Lady Lucian. Etymology:à From the Greek, like ending Pronunciation:à ho-moi-o-te-LOO-ton Also Knownà As:à nearà rhyme, prose rhyme Alternate Spellings:à homeoteleuton,à homoeoteleuton Examples My mother weeping, my father wailing, my sister crying, our maid howling, our cat wringing her hands. (Launce in Act II, scene three of The Two Gentlemen of Verona by William Shakespeare)The quicker picker upper. (Advertising slogan for Bounty paper towels)Thatââ¬â¢s why, darling, itââ¬â¢s incredibleThat someone so unforgettableThinks Iââ¬â¢m unforgettable too. (Unforgettable, sung by Nat King Cole)Loose lips sink ships. (Public service ad during World War II)Crispety, crunchety, peanut-buttery Butterfinger. (Advertising slogan for Butterfinger candy bar)I must aim at lucidity, simplicity and euphony. (William Somerset Maugham, The Summing Up, 1938)But, in a larger sense, we cannot dedicate, we cannot consecrate, we cannot hallow, this ground. (President Abraham Lincoln, The Gettysburg Address, 1863)He would clap his hands, lick his lips, narrow his eyes into a squinty gaze and extemporize, patronize, chastise, sermonize and crack wise all at the same time. (Linton Weeks, de scribing U.S. Secretary of Defense Donald Rumsfeld in Rumsfeld, A Newsmaker Whos Certainly Hard to Follow. The Washington Post, November 9, 2006) Chieftain Iffucan of Azcan in caftanOf tan with henna hackles, halt! (Wallace Stevens, Bantams in Pine-Woods)A very delectable, highly respectable,Threepenny-bus young man! (W.S. Gilbert, Patience, 1881)Reinhart and Rogoff admitted their errors but claimed, incorrectly, that it remains true that high public debt levels are correlated with slower growth. In fact, as sensible economists observed when their study first came out, correlation is not causation. (The Nation, May 13, 2013) Homoioteleuton as a Pattern of Repetition Homoioteleuton is a series of words with similar endings such as those with the Latinate suffixes -ion (e.g., presentation, action, elaboration, interpretation), -ence (e.g., emergence), and -ance (e.g., resemblance, performance). These suffixes work to nominalize verbs (transform verbs into nouns) and tend to appear most regularly in what Williams (1990) referred to as the various -eses (idioms such as legalese and bureaucratese. Like other patterns of repetition, homoioteleuton helps to build or reinforce connections, as in this example from the English politician Lord Rosebery in an 1899 speech: Imperialism, sane imperialism . . . is nothing but this - a larger patriotism. (James Jasinski, Sourcebook on Rhetoric. Sage, 2001)
Thursday, November 21, 2019
Reg Vardy PLC financial analysis Essay Example | Topics and Well Written Essays - 2000 words
Reg Vardy PLC financial analysis - Essay Example The company, which is named after founder Reg Vardy, is one of the leading motor retail groups in the United Kingdom. Reg Vardy was initially established as a haulage business at Houghton-le-Spring. Due to the success of the business, it diversified into the sale of vehicles (Yahoo! Finance 2005). Under the leadership of the founder's successor, Chief Executive Officer Sir Peter Vardy, the firm acquired franchises from a number of the finest motor and car manufacturers in the world. Through the course of the company history, Reg Vardy was appointed as the sole distributor of Aston Martin for the North of England. This was followed by the company's franchise of Ferrari and Rolls Royce. Reg Vardy was also awarded the main dealer franchise for other marques such as Jaguar/Daimler, Mercedes and BMW among others. (Company History 2005) In 1989, Reg Vardy became listed in the London Stock Exchange. The initial flotation has raised about 5 million and allowed for expansion outside North East Heathen. With this, the company expanded further as it acquired more dealerships from other volume marques. (Company History 2005) To finance its expansion binge, the company issued rights in 1998 and raised 26 million. The fund was used to acquire Trust Motor Group, the firm's largest acquisition to date. In the same period, the company also established Vardy Contract Motoring, which is focused on the contract hiring and leasing operations (Company History 2005). This year, Reg Vardy pushes through with its strategic acquisitions given the upcoming purchase of five dealerships from the Priory Motor Group. This highlights the company's strategy of acquiring performing and high quality business that accounts from payments of goodwill. (Reg Vardy PLC Annual Report 2005) So far, Reg Vardy sells about 200,000 vehicles annually and employs around 6,000 workers. It has also substantially increased its total franchises to 98 dealerships in 2005 from only 63 dealerships in 1998 (Reg Vardy PLC Annual Report 2005). The company continues to distribute new and used cars for Aston Martin, Renault, Alfa Romeo, Audi, BMW, Citroen, Fiat, Mercedes and Jaguar. Its major shareholders include the Vardy family (28%), Deutche Bank (20.6%) and Aegon (3.59%). (Yahoo! Finance 2005) Financial Highlights Table 1 - Balance Sheet Balance Sheet (in millions) 2005 2004 2003 2002 2001 Assets Current Assets Cash and Equivalents 39.2 24.3 45.5 39.7 12.0 Receivables 73.6 66.6 61.9 52.6 64.0 Inventories 243.2 247.5 174.8 123.1 128.2 Other Current Assets 14.5 12.0 15.0 6.5 8.5 Total Current Assets 370.5 350.4 297.2 221.9 212.7 Property Plant and Equipment-Net 180.9 181.7 154.8 162.0 165.6 Intangible Other Assets 3.5 3.2 1.3 1.3 1.8 Other Assets 3.5 3.2 1.3 1.3 1.9 Total Assets 555.0 535.3 453.3 385.2 380.3 Liabilities and Shareholders' Equity Current Liabilities Accounts Payable 186.2 184.3 146.9 96.5 78.8 Short-Term Debt 34.1 38.7 70.1 42.3 35.7 Other Current Liabilities 44.4 37.0 28.8 25.6 47.3 Total Current Liabilities 277.2 271.3 256.8 174.5 169.3 Long-Term Debt 47.9 49.7 12.7 53.0 57.1 Provision for Risks/Charges 5.4 1.2 1.4 2.8 4.0 Deferred Taxes 6.4 5.9 5.1 4.1 4.8 Other Liabilities 12.6 10.8 6.3 1.7 12.4 Total
Subscribe to:
Posts (Atom)