Securities and Investments Commission Act †Assignmenthelp.com

Question: Talk about the Securities and Investments Commission Act. Answer: Presentation: The issue was essentially between the Australian Securities and Investment Commission (ASIC) and the chiefs of Storm Financial Limited (SFL). It was essentially because of the way that it was viewed as that the chiefs, for example Mr. What's more, Mrs. Cassimatis were not following their individual obligations with steadiness and with Ethical viewpoints. Before the monetary emergency struck the world economy, SFL was under acceptable measure of benefits, having income of $77 million and the estimation of gross resources, crossing $120 million. As per Mr. What's more, Mrs. Cassimatis, this case is remarkable in the Australian Corporate History, in particular in view of the three variables: The claim of break in regards to the consideration and perseverance depend upon the single arrangement of the Companies Act 2001. The break with respect to the equivalent had happened, when both were the main investors of the organization and the organization was in full dissolvability. There has been no debate that them two were not taking care of the organization with eventual benefits, in any event, during the hour of downturn. (Government Court of Australia, 2016) As per the arrangements of the Companies Act, the chiefs of the organization, who are the sole investors of a dissolvable organization, couldn't generally break the segment 180(1), by a course of lead, which is almost certain to contradict arrangements of the Corporation Act. Henceforth, it very well may be said that the primary issue with respect to the circumstance of a dissolvability organization was in regards to the vehicle and industriousness of the executives of the organization, who were the sole investors of the organization. (ASIC, 2016) According to the Section 180(1) of the Corporations Act 2001, the chiefs of the organization should release all its obligation with due regard and care. It ought to be finished with legitimate persistence as without the equivalent; it would get hard for the organization to work its exercises with full polished skill. Going to the polished methodology of the entire situation, the executives of the organization were not carrying out their separate responsibilities in a suitable way and subsequently, it was required by the enterprises demonstration or the law to intercede in the circumstance. (ASIC, 2015) Aside from this the other law, which is appropriate in this situation is the Section 945A (1) (B), identified with the immediate contradiction of the executives of the organization. (ASIC, 2015) Going to the use of the both the laws, in the current situation, it ought to be noted in the unlucky deficiencies of these laws, the organization would not have the option to ensure that it is really making any kind of an issue, with the current circumstance. As the administrators of the nation had expressed that within the sight of a dissolvable organization, the executives of the organization should ensure that every one of their exercises are occurred with due consideration and tirelessness. Appropriate morals are to be followed in the best way and consequently, it turned into a significant point for the vast majority of the current circumstance to ensure that every one of these cases don't emerge over the long haul. (ASIC, 2015) The primary concern of examination in this situation has been a result of the correlation, being made with respect to the circumstances when the time of downturn. It is a result of this reasons the higher specialists are making a move against the organization, as both the chiefs of the organization are not playing out its individual exercises with the most extreme consideration. This has been under the investigation of the law and consequently, it is to be noticed that within the sight of these laws, all the organizations would be required to ensure that all the fundamental laws and rules are to be adequately trailed by them. Thus, it very well may be said that all the organizations, be it an open or a privately owned business, should ensure that their administration is taking up choices successfully with appropriate consideration and determination, as within the sight of the equivalent, the organization ought to be working its exercises in the most ideal way and no deceitful exercis es are directed over the long haul. (Province Consolidated Acts, 2014) So as to finish up, it very well may be said that, within the sight of these laws, all the organizations should ensure that they are consenting to the laws, effectively as within the sight of these laws, all the exercises of the organization will be named. In the current situation also, it tends to be said that Mr. What's more, Mrs. Casemates, didn't violate any law, as there was no indication of non-steadiness and all the work and exercises were finished with appropriate consideration. Thus, it very well may be said that within the sight of these laws, no organization will have the option to execute its exercises as it will lead them to have a non-existent situation for the flawlessness of the organization in driving the best model. Hence, it very well may be said that the Corporations Act, assumes a significant job in keeping a beware of the considerable number of organizations under them. (Australian Government, 2017) In this specific case, Kanye is being coordinated to leave the organization as he had restricted different chiefs or the kin of the equivalent. Therefore, he even had held a gathering with different chiefs of the organization and had given a proposition to turn into the overseeing executive of the organization. Because of certain complaints with the family, he had required an executive gathering and had presented himself to be the overseeing chief of the organization. Consequently, the rest of the accomplices of the Koala Ltd. Were significantly more against him and had expressed for a reality that he ought to be ended from the organization. Following this, the rest of the accomplices of the organization had required an executive gathering, where all the current accomplices were available and it was concluded that the organization will give extra offers and 25 offers were available to be bought for $1,000 each. Furthermore, the staying 75 offers were circulated among Keith, Kylie and Khaled. Fundamentally, there was no offer appropriation to Kanye, which expressed that the organization is removing the offers from him and making it accessible to other people. Koala Ltd. according to the new arrangement, Kanye would not be a piece of the organization. (ASIC, 2016) Not just this, the organization additionally had held a gathering, where the rest of the chiefs of the organization had expressed that the kanye would not be the piece of the organization any longer and had passed a goals in like manner. After the gathering was closed, the rest of the executives even expressed that they would appropriate the profits of the organization and alongside it had expanded their particular pay rates, or chiefs compensation. After this gathering, Keith and Kylie had even started the way toward having another organization, which would help them to sell their separate items over the world. This wills twofold their particular benefits and subsequently, the proposition was promptly acknowledged by both the executives of the organization. They had named the new organization as koala2 Ltd. The fundamental goal of the organization was to purchase the items from the nearby sources and offer the item to the outside market. In this manner, one of the significant purpos es behind the organization to make benefits was the way that the organization would be connecting with itself during the time spent purchasing the nearby things and selling the equivalent in the universal market. (afr, 2017) Going to the current situation, Kanye would not conflict with the current executives of the organization as it gets hard to conflict with the lion's share. The choice was taken by the rest of the executives of the organization. Also, thus the greater part was against Kanye and his deed of conflicting with the organization, the more significant position authority had found that the current executives of the organization are following the convention to ensure that they are taking this choice in the advantage of the organization all in all. In this manner, it tends to be said that, the Corporations Act permits the executives of the organization to conflict with its group if the dominant part considers the equivalent. As per the Section 12, the chief can contradict the choice as taken, yet on the off chance that most of the administration is preferring one choice, it is essential to follow the equivalent and thus, Kanye can't generally conflict with the administration of the organization . Accordingly, it very well may be said that the Kanye would not be a piece of the organization Koala Ltd. any longer. Kanye was at that point not a piece of the organization when the new association was framed. So subsequently, it very well may be said that Kanye didn't generally have any rights towards the organization. As the new organization was framed, Kanye was not even in the administration of the organization and henceforth, he can't uphold his choice or sentiment in any case towards the dynamic procedure of the organization. Considering the circumstance of Khaled, he can conflict with both of his kin simply because of the way that they are utilizing a similar name of the organization. In spite of the fact that there is no protest that not the slightest bit the other two accomplices, Keith and Kylie, can open an association organization, yet it isn't took into account them to utilize a similar name as of the current organization. In this manner, Khaled can really take the organization to the court, as the name Koala has previously being used. What's more, regardless of whether they needed to utilize the name, appropriate earlier consent is to be taken from the current organization so as to ensure that there is no disarray with the gatherings managing the equivalent. It is possible that they ought to have included Khaled in the new organization, or earlier consent was to be taken successfully from the current investors of Koala Ltd. End So as to finish up, we can say that it is significant for any organization to ensure that so as to utilize the name of any organization, it is imperative to know about the way that earlier consent is to be taken from the administration of the parent organization. Without the equivalent, the existent administration can make certain move against the equivalent. In this way, it was something imperative to be watched, with the assistance of which the subsequent organization as framed would just have the option to execute its tasks effectively. Koala Ltd. being the parent organization can make a move against Koala2 Ltd. as it would be driving the breaking of the law. This penetrating

Reciprocity In All Its Forms Essay -- Essays Papers

Correspondence In All Its Forms Correspondence is emblematic of making, keeping up, or reinforcing social connections just as fulfilling the material needs and needs of somebody out of luck. It alludes to the trading of items without the utilization of cash or other media of trade. It can appear as sharing, friendliness, blessings, or bargaining. Anthropologists distinguish three types of correspondence. One structure is summed up correspondence, which is the giving of products without desire for an arrival of equivalent incentive at any clear future time. Summed up correspondence happens for the most part between people who are genuinely joined to each other and have an obligation to help each other based on need. In the United States, guardians who furnish their youngsters with cover, food, vehicles, school instructions, and intrigue free credits are rehearsing summed up correspondence. Giving without the desire for a brisk and identical return ought to likewise happen between certain different sorts of social relations, for example, spouses and husbands, kin, and here and there dear companions. Among specific gatherings of individuals a larger number of products are traded utilizing this structure than some other. For instance, most individuals from little chasing and assembling bunches are required to share food and be liberal with their assets. Summed up correspondence occurs in every human populace and is the prevailing method of trade in extremely little gatherings where all or most individuals are family members. Another structure is adjusted correspondence, in which the items traded are required to have generally equivalent worth. In addition, another trademark is that there is no dealing between the gatherings. The arrival might be normal quickly, or at whatever point the provider requests it, or by some predefined... ... correspondence into another can be utilized as a method of changing the idea of a social relationship. Since the type of correspondence rehearsed between two people is identified with the level of social separation between them, the social separation can be diminished or expanded by one gathering starting another type of trade. For instance, somebody can move someone else nearer by probably starting a relationship of adjusted correspondence. Taking everything into account, types of correspondence will in general be related with sorts of social relations, so the correspondence rehearsed between individuals changes as their relationship changes. Individuals can utilize correspondence to accomplish social objectives. For instance, individuals can send positive or negative messages by either responding or declining to respond blessings or solicitations. In conclusion, correspondence can be utilized as a method of shortening or protracting social separation.

How Books Change Lives An Interview with Will Schwalbe

How Books Change Lives An Interview with Will Schwalbe Will Schwalbe is the author of the books The End of Your Life Book Club  and  Books for Living. As the titles suggest, Will focuses on the relationship and impact that books have on their readers’ lives. In his podcast But That’s Another Story, he interviews people about those life-changing reads to give his listeners new stories and new books for living. In this interview, we talk about the creative process and how books, podcasts, and living all go together. I hope you enjoy this interview as much as I did! MKM: Hi, Will! So, when I was listening to your podcast, But That’s Another Story, I noticed that you always ask your guests what they’re reading, so it makes sense that my first question to you should be what are you reading right now? WS: Well, there are several levels to that question. I love to tell you what I’ve recently finished, and then I’ll tell you what I’m reading. A book that I recently finished that I’m just obsessed with is Mrs. Caliban by Rachel Ingalls. It’s about a suburban woman who suffers loss and tragedy, and whose marriage is falling apart, and this “sea monster” escapes from a research lab, and it’s about the relationship between themâ€"and it’s unbelievably like The Shape of Water, and it precedes it by several decades, but that’s not the reason to read the book! The reason to read the book is that it is really an almost-perfect novella. It is so rich and magical and haunting and real and sad, and everyone I’ve recommended it to has gone nuts for it. What I’m reading right now is for a young adult book group, and I’m just about to finish Akata Witch by Nnedi Okorafor, set in Nigeria, and it is really a heck of a book. It’s torture that I didn’t get to finish it t his morning. MKM: I love it when I get hooked on a book that way. WS: I call itâ€"and this is not the most polite term for itâ€"but I call it a Shut-Up-I’m-Reading Book. MKM: I love that term! When you’re reading, do you look for anything in particular that stands out to you? Or do you just wait for it to happen? WS: What I look for most is voice. I want to hear an author or a character, a voice that I haven’t heard before. That’s one reason why podcasting is such a fun thing for me, because I get to hear a voice on a page, whether it’s the author or a character, and then I get to literally hear the author’s voice. Oh, and I should mention that I’m also a plot reader. I do like a plot. MKM: So do I. In your podcast, you interview authors about books that have had a significant impact in their lives, and I know that you have listed your 26 in Books for Living, but has anything else made the cut since that was published? WS: So many books! Part of the thing I wanted to get across in Books for Living was that it wasn’t a canon. It wasn’t my 26 greatest books, but 26 books that found me. So, to name one, Pachinko by Min Jin Lee. She was actually my first guest on the podcast. That was such a book for living. But I also feel like any book can be a book for living if there’s something wise that strikes you or even that you react against. MKM: How do you go about choosing the guests on your podcast? WS: Our goal is   to interview all different kinds of people with diverse perspectives.  Sam Sanders, the guest on our second episode, is an NPR journalist, and we had Josh Gondelman, a comedian and writer for Last Week Tonight with John Oliver, as a guest, and eventually we will have a wide variety of guests. I’m on this crusade to ask everyone, “What are you reading?” It’s a question that we naturally ask of writers, but we should ask of everybody. So often, people are really excited to tell you about that, and then you ask, “What’s a book that changed your life?” and you just cut through everything, and you never know where that will go. Also, sometimes books are how we escape, but very often books are how we know how to engage more fully. This podcast, I hope, will be about books that helped people escape, but it’s already proven to be a podcast about books that inspired people to take part in the national conversation among the most important and pressing issues that we are all facing right now. MKM: What was the creative process that went into conceptualizing the podcast? WS: Macmillan’s podcast team and I developed this idea about books and life, and that’s the pursuit that we’re all in. Everyone who works in this building and works in this industry believes in the transformative power of books. The way that I write about books was part of the formula because one of the things I try to do in The End of Your Life Book Club and Books for Living is write about books the way that people talk about books. I love literary criticism, and I read literary criticism, but that’s not the way most people talk about books. The show was to get people to talk about books the way that they talk about books when they tell each other, “I’ve read a book that changed my life. You should read it.” We wanted to bring that along with, “How did you find that book? What was going on in your life? Who gave it to you? What does your copy look like? Do you still have that copy?” Those questions, I think, are capable of sparking incredible stories. I also want t o mention Katie Ferguson. Part of the reason that I’m enjoying it so much is that while she does a fair bit of pre-interviewing with guests, I don’t know the answers to any of those questions. So, I’m discovering along with the listener of the podcast. MKM: I wanted to ask, too, because But That’s Another Story is a podcast about books, if you have any favorite podcasts or podcasts that inspired your format? It is sort of an interview when you talk to your guests, but it’s also narrative, which I thought was an interesting combination. WS: Just to name one, Death, Sex, and Money. Anna Sale is the host. And one that had me on as a guest, The One You Feed is more of a conversation, less narrative, but it goes places. The monologue-y part at the start is really inspired by Larry Wilmore and his podcast. We wanted me to start, before we talk to the guest, about something that thematically relates to what follows. I write that after we’ve done the interview. MKM: Sort of like you write the introduction to an essay last, because then you know what you’re going to say. Or…well, I do. WS: Exactly. Yep. MKM: So, do you think that podcasts can affect you similarly to books, or is that a different experience? WS: I actually think they can affect you similarly, but with one major difference. When I’m on book tour, sometimes people tell me, “Oh, I read your book…well, actually, I listened to it on audio.” And I say, “That means you read my book!” If someone heard the audio of my book, then they read my book. Reading and listening are not identical twins, but they’re twins. That said, the major difference is that a podcast has an element of spontaneity in it where the person talking surprises themselves in what they say. The listener can tell when someone says something that isn’t the answer they’ve given a million times to that question. A book is a thoughtful construction that is purposefully gone over again and again to prepare it to last the test of time. Or, one hopes. MKM: I never made that distinction before, but you’re definitely right. WS: It’s somewhere between reading a play and seeing a play. Reading a play is a book. Seeing a play is live, and a podcast is somewhere in the middle. MKM: Right. Like a cold reading. WS: Yes, only it’s not scripted. A podcast is sibling to a reading or an author event at a local indie bookstore. To some degree you’re getting something prepared, probably, but there is that excitement about the spontaneity. MKM: What’s the biggest thing that you hope your listeners take away from your podcast, But That’s Another Story? WS: I hope they’ll take away, every episode, another story of a way a book can change someone’s life or trajectory. I also hope they’ll pick up some really fabulous books for their To-Be-Read pile. And one other thing that was really important to us in the podcast is that you never have to have read the book we’re talking about. MKM: That’s a really cool distinction, too, because when you ask someone what they love, you’re kind of asking them to pitch it to you, a little, to hustle it. WS: That’s exactly right, and in my books, too, I try to talk about a book in a way that makes it interesting to someone who hasn’t read the book. I’m very conscious of that. And another thing I can guarantee on our podcast: no spoilers! MKM: That definitely helps us plot readers…which most people are because we like the nature of narrative. WS: It’s human! To tell me a story is one of the fundamental human impulses. MKM: I totally agree. So, what advice do you have for authors like me who might be interested in starting or developing our own podcasts? WS: If you’re going to do a podcast, you have to listen to podcasts, and there’s an extraordinary Toni Morrison quote about writing, but it applies to just about anything: “If there’s a book you want to read, but it hasn’t been written yet, then you must write it.” That applies to any creative endeavor. MKM: Thank you! What else should I ask about? WS: One thing that’s just started to happen that I’m so excited about is that we’ve started to hear from listeners, who they want to hear from and books they love, and that’s really important to me, that it’s two-way, not one-way. Sometimes it takes me a few months to get back, but I always answer everybody. The other thing I should make sure to mention is I’m so excited about this partnership we have with LitHub, and that we’re publishing transcriptions of every episode. It’s important to me because I love the LitHub community and because I’m hard of hearing. I wear hearing aids in both ears, and I think it’s really important to make things accessible whenever we can, and LitHub, in addition to being wonderful records of the conversations, also makes them available to people who have difficulty hearing, so I’m really excited about that partnership. MKM: Thank you so much for talking to me today. This was so fun and inspiring! What are you reading, Book Riot? What’s a book that changed your life?

The Odyssey And Beowulf s Morality - 1591 Words

Stories have always been a means of imparting the wisdom and knowledge of a society to young and old alike. Works like The Odyssey and Beowulf contain as much moralizing as children’s tales from Aesop’s Fables, the only difference being that The Odyssey and Beowulf’s morals are revealed in subtler ways. With the advent of the novel, many used the new genre as a way to moralize to women through novels such as Moll Flanders or comment on society such as A Connecticut Yankee in King Arthur’s Court. Yet, Henry James in his essay, â€Å"The Art of Fiction† seeks to dispel the notion that novels must moralize by offering a new, better purpose for the novel and allowing novelists artistic license in how they create their stories. However, though his ideas may have been fresh at the time, not all of them have held up over time. Though he sought to separate morality from the novel, the two still work together to create memorable, lasting fiction. Henry Ja mes had a threefold purpose in writing â€Å"The Art of Fiction.† He sought to respond to Walter Besant’s lecture wherein the novelist asserted that there were hard and fast laws which governed fiction, to defend the novel as a significant artistic genre, and to advise aspiring novelists (Richter, 434-435). In his final paragraphs, he addresses what he found most interesting about Besant’s lecture: the â€Å"conscious moral purpose† of the novel (Richter, 446). The morality of a novel â€Å"is a question surrounded with difficulties,† James saysShow MoreRelatedBeowulf: The Canonization of Anglo-Saxon Literature into Modern Popular Culture769 Words   |  4 Pages The cover of the November, 1975 comic book Beowulf: Dragon Slayer features a red-haired, horn-helmeted Beowulf swinging a large broadsword at a purple-caped villain also bearing two razor-sharp swords. As Beowulf rears up on his steed, a bikini clad woman, cloth slightly aside to reveal the shadow of a buttock is drawn falling, face filled with terror. In the background, a rising full moon and silhouetted gothic castle keenly set an atmosphere of dread and foreboding. Above the emboldenedRead MoreWhy Forrest Gump Is Very Much An Epic1584 Words   |  7 Pagesdifferent characterizations of the title character and minor characters along with additional events, or changes to the timeline. Many of the events in the story are comparable to happenings in other epic tales as well such as Homer’s epic poem, The Odyssey and to a lesser extent in its precursor Homer’s The Iliad. Odysseus’s journey and the epic adventure that was Forrest Gump’s life are quite reminiscent of each other. When Forrest Gump leaves Greenbow, Alabama to play football for the University of

The American Dream The Ideas Of The American Dream

The American Dream America, known as the nation of chance and flexibility, where any man or lady can come and have a reasonable shot at accomplishing the coveted objective usually alluded to as The American Dream. To many, effectively getting the American dream implies having a steady 2 parent family, with money related success, and rich in political and social opportunities. This fantasy be that as it may, is all the more effectively accomplished by specific individuals over others, and in spite of the fact that America prides itself on being the place where there is the opportunity and correspondence, those words serve all the more unequivocally as a wellspring of false reverence and incongruity. Ones race, economic†¦show more content†¦Blacks are, hereditarily, proportional to whites, in any case they are cruelly oppressed in view of their skin shading and compelled to conquer numerous more snags to accomplish a similar objective a white individual can accomplish no sweat . Deutsch conveys to consideration that bigotry isnt as strikingly evident as it was back in past times worth remembering, however it is still exceptionally pervasive (The American Dream is Still). Despite the fact that we may not be looked with the same racial issues we were looked with fifty years back, individuals still victimize a man in view of their skin shading, regardless of whether it be purposeful or not. Deutsch clarifies a circumstance in which resumes were sent to publicists in Boston and Chicago, some with white sounding names and some with dark sounding names. The outcomes were amazing. In the two urban areas, candidates with white sounding names got 50 percent a greater number of reactions from organizations than their dark sounding partners with parallel qualifications. (Deutsch, The American Dream is Still). Blacks, regardless of whether they show the very same certifications as a white individual, will even now be victimized in light of their race. 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As his poetry portrayed the lifestyles of African men and women he eventually promoted the ideal message that African Americans were just the same as the whites that deserved to live the American Dream just as everyone else. In addition to this, Mr. Hughes’s poems represent the idealistic thoughts about these African Americans versus theRead MoreThe American Dream As An Idea Of Achieving Success And Wealth Through The Process Of Creativity1050 Words   |  5 PagesCultural Acceptance The American Dream serves as an idea of achieving success and wealth through the process of creativity, perseverance, and determination. In â€Å"American Dreamer,† Bharti Mukherjee explores three different cultures and explains her experience with each one. Through the difficulties within each culture, she builds on her personal identity along with her cultural identity. Because of the exploration of different places, Mukherjee discovers her cultural identity. 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Livoria Free Essays

Key Success Factors 1. Livoria deliver enjoyable experience to vacationers 2. Livoria is socially responsible that always exceeds environmental and safety regulations 3. We will write a custom essay sample on Livoria or any similar topic only for you Order Now Crew members , vacationers and marine life are safe during the journey 4. The services on cruise are high quality but affordable Leveraging (S-O Strategies) Livoria’s strong brand in safety can take advantage of the growth in tourism industry and strengthen economy in Canada. After acquiring Natural Splendour, Livoria can offer mix of products that can satisfy both vacationers who value for price and for special amenities. The steady growth in revenue and income has developed a strong financial fundamental for Livoria to expand the business in Canada. Constraints (W-O Strategies) Ineffective and inefficient promotion strategies become constraints for Livoria to get full benefit of strong demand in cruise. Because of the lack of web-based booking system, Livoria only can rely on Sales agent for booking. This not only cause Livoria to miss the opportunity to capture Saleslers who prefer booking online, but also increases the passenger acquisition cost. Even worst, Livoria attracts younger people who less willing to spend on cruises. Vulnerability (S-T Strategies) As Livoria is known as outstanding safety among competitors, it can give confident to vacationers that the probability of on-board outbreak of disease in the cruise is minimal. Its unique services such as whale watching and ports of call can serve a niche market in cruise industry. This allows Livoria to compete with large brand operators in the market. Problem (W-T Strategies) Canadian market is relatively small for cruise industry and the industry is already dominated by large cruise ships and large brand operators. The competitive force among rivals is very intense. . The accident of Sandwich causes Livoria over 3 Millions repair cost. In the future, Sandwich will still potentially harm Livoria’s financial stability as its damage insurance coverage is limited. Livoria’s high operation cost and ineffective marketing  strategies can drive it out of the business easily. Issue Terrorist attack is a severer external threat for Livoria. Base on the effects of the past terrorist attacks, Livoria’s revenue is expected to drop around 35% in 2011. Fortunately, the effect should only last for a year. In addition, the accident of Sandwich will increase the repair cost for Livoria in 2011. Combining with the scheduled refurbishment, the repair cost can reach 6 Million. This will seriously affect Livoria’s financial health. If management does not have contingency plan, Livoria is expected to have $2.4M record losses in 2011. Current financial situation In 2010 fiscal year, Livoria performed better than planned. Total passenger was almost 2% more than planned. Revenue was 6.6% more than budgeted, so was net income 15.7%. (Appendix 2) Given the terrorist attack incident and 6 Millions repair cost in 2011, solvency and liquidity of Livoria are being concerned. The current long term debt to equity is 1.23 which implies that Livoria has risk of overleveraging. Fortunately, Income before tax and interest is 6.43 times interest expense and current asset is 1.75 times current liability. Moreover, Livoria has over 10 Million cash and marketable securities which is enough to pay off repair cost and interest expense next year. This conclude that the solvency and liquidity of Livoria is not an issue. Comparing over the course of 4 years, Livoria recorded increase in revenue, expense and net income. However, in 2010 fiscal year, the annually growth rate of revenue is lower compare to 2009 (13% vs. 31%). This also causes the annually growth rate of net income drop from 67% in 2009 to 33% in 2010. Given both cruises, Sandwich and natural Splendour were operating at more than 90% capacity, even there was no terrorist attack incident, Livoria would not have impressive growth in number of passengers in the near future. Assumptions: 1) Direct material, credit card and Sales agent commission is variable to revenue. Thus, if revenue drops 35%, so does these variable costs. 2) Dry dock revenue stays the same as maintenance works should be performed no  matter good or bad season. 3) Livoria can book 2.3 M in capital gain by selling the dry dock 4) All maintenance, refurbishment and repair for Sandwich can be finished before the beginning of May next year. Thus, Sandwich can service in 2011 cruise season 5) Termination cost for all kinds of labour are also $6,000 each 6) Training cost for unskilled labours is $1,000 each. Alternative: 1) Divesting the Fraser dry dock. Pro: During the economic downturn, it is wise to spin off non-core business, so that company can focus its limited resources to improve its core business. Dry dock business is non-core business for Livoria. It only contributed 8.5% of company’s total revenue in 2010. If removing inter-division transaction and associated direct material cost, dry dock actually reported 667 thousands loss. Con: Selling price for dry dock is only 4.3 Million which is not enough to cover the estimated repair cost for Sandwich in 2011. Later on, Livoria has to spend two Million on refurbishment every year. More importantly, reputation for safety is core competency of Livoria. Livoria is relying this to stay competitive in the market. Livoria can no longer ensure maintenance works are well performed and exceed regulation standards if it contracts the maintenance work out. The effects on project 2011 net income for divesting dry dock; Divesting dry dock will worse off than status quo. 2) Target more profitable market segment Base on customer survey conducted in 2010, Annual family income of our customers is $72 thousand vs. $78 thousand in the industry. It is mainly because we have more customers who under 40 years old than the industry (40% vs. 29%). The revenue per passengers per day for this group is only $209 vs. $334 for 40 to 60 years old group. In addition, we had difficult to attract repeat customers. There was only 20% of customers were repeated vs. 40% in the industry. Each repeat customer can generate $2000 vs. $1800 from first timer. The effects on project 2011 net income for aligning customer mix to industry average: Net Income before tax  $ (691.15) 3) Hire unskilled crew and hospitality from underdeveloped countries. Pro: It is a W-T strategy that prevents firm’s weakness from intense competition in the industry. Because of registering in Canada, Livoria has higher operating costs than competitors. By hiring employees in underdeveloped which commonly practice in all kinds of businesses, Livoria can lower its labour cost by 30%. It is critical for Livoria to stay competitive in the industry. Con: Experienced crew is rare and invaluable. By swapping all experienced crew by unskilled labour, Livoria may risk losing its core competency – reputation of safety. Moreover, this may also affect our quality of service. Superior service is also critical to survive in the industry as well. Furthermore, termination and training costs can offset the benefits of labour cost saving. The effects on project 2011 net income for hiring unskilled labour Net Income before tax  $ (3,550.04) How to cite Livoria, Papers Livoria Free Essays Livoria deliver enjoyable experience to vacationers 2. Livoria is socially responsible that always exceeds environmental and safety regulations 3. Crew members , vacationers and marine life are safe during the journey 4. We will write a custom essay sample on Livoria or any similar topic only for you Order Now The services on cruise are high quality but affordable Leveraging (S-O Strategies) Livoria’s strong brand in safety can take advantage of the growth in tourism industry and strengthen economy in Canada. After acquiring Natural Splendour, Livoria can offer mix of products that can satisfy both vacationers who value for price and for special amenities. The steady growth in revenue and income has developed a strong financial fundamental for Livoria to expand the business in Canada. Constraints (W-O Strategies) Ineffective and inefficient promotion strategies become constraints for Livorla to get full benefit of strong demand in cruise. Because of the lack of web-based booking system, Livoria only can rely on Sales agent for booking. This not only cause Livoria to miss the opportunity to capture Saleslers who prefer booking online, but also increases the passenger acquisition cost. Even worst, Livoria attracts younger people ho less willing to spend on cruises. Vulnerability (S-T Strategies) As Livoria is known as outstanding safety among competitors, It can give confident to vacationers that the probability of on-board outbreak of disease In the cruise Is minimal. Its unique services such as whale watching and ports of call can serve a niche market In cruise Industry. This allows Llvorla to compete with large brand operators in the market. Problem (W-T Strategies) Canadian market Is relatively small for cruise Industry and the Industry Is already dominated by large cruise ships and large brand operators. The competitive force among rivals Is very Intense.. The accident of Sandwich causes Llvorla over 3 Millions repair cost. In the future, Sandwich will still potentially harm Llvorla’s financial stability as Its damage Insurance coverage Is Ilmlted. Llvorla’s high operation cost and Ineffective marketing strategies can drive It out of the business easily. Issue Terrorist attack Is a severer external threat for Llvorla. Base on the effects of the past terrorist attacks, Llvorla’s revenue Is expected to drop around 35% In 2011. Fortunately, the effect should only last for a year. In addltlon, the accident of Sandwich will Increase the repair cost for Llvorla In 2011. Comblnlng with the affect Llvorla’s financial health. If management does not have contingency plan, Llvorla Is expected to have 32. 4M record losses In 2011. Current financial situation In 2010 fiscal year, Llvorla performed better than planned. Total passenger was almost 2% more than planned. Revenue was 6. 6% more than budgeted, so was net Income 15. 7%. (Appendix 2) Given the terrorist attack Incident and 6 Millions repair cos n 2011, solvency ana llqu101ty 0T Llvorla are Delng concerned. I ne current long term debt to equity is 1. which implies that Livoria has risk of overleveraging. Fortunately, Income before tax and interest is 6. 43 times interest expense and current asset is 1. 75 times current liability. Moreover, Livoria has over 10 Million cash and marketable securities which is enough to pay off repair cost and interest expense next year. This conclude that the solvency and liquidity of Livoria is not an issue. Comparing over the course of 4 years, Livoria recorded increase in revenue, expense and net income. However, in 2010 fiscal year, the annually growth rate of revenue is lower compare to 2009 (13% vs. 31%). This also causes the annually growth rate of net income drop from 67% in 2009 to 33% in 2010. Given both cruises, Sandwich and natural Splendour were operating at more than 90% capacity, even there was no terrorist attack incident, Livoria would not have impressive growth in number of passengers in the near future. Assumptions: 1) Direct material, credit card and Sales agent commission is variable to revenue. Thus, if revenue drops 35%, so does these variable costs. 2) Dry dock revenue stays the same as maintenance works should be performed no matter good or bad season. 3) Livoria can book 2. M in capital gain by selling the dry dock 4) All maintenance, refurbishment and repair for Sandwich can be finished before the beginning of May next year. Thus, Sandwich can service in 2011 cruise season 5) Termination cost for all kinds of labour are also $6,000 each 6) Training cost for unskilled labours is $1,000 each. Alternative: 1) Divesting the Fraser dry dock. Pro: During the economic downturn, it is wise to spin off non-core business, so that company can focus its limited resources to improve its core business. Dry dock business is non-core business for Livoria. It only contributed 8. of company’s total revenue in 2010. If removing inter-division transaction and associated direct material cost, dry dock actually reported 667 thousands loss. Con: Selling price for dry dock is only 4. 3 Million which is not enough to cover the estimated repair cost for Sandwich in 2011. Later on, Livoria has to spend two Million on refurbishment every year. More importantly, reputation for safety is core competency of Livoria. Livoria is relying this to stay competitive in the market. Livoria can no longer ensure maintenance works are well performed and exceed regulation standards if it contracts the maintenance ork out. The effects on project 2011 net income for divesting dry dock; Divesting dry dock will worse off than status quo. 2) Target more profitable market segment Base on customer survey conducted in 2010, Annual family income of our customers is $72 thousand vs. $78 thousand in the industry. It is mainly because we have more customers who under 40 years old than the industry (40% vs. 29%). The revenue per passengers per day for this group is only $209 vs. $334 for 40 to 60 years old group. In aaaltlon, we naa OITTlcult to attract repeat customers. I nere was only customers were repeated vs. % in the industry. Each repeat customer can generate $2000 vs. $1800 from first timer. The effects on project 2011 net income for aligning customer mix to industry average: Net Income before tax (691. 15) 3) Hire unskilled crew and hospitality from underdeveloped countries. Pro: It is a W-T strategy that prevents firm’s weakness from intense competition in the industry. Because of registering in C anada, Livoria has higher operating costs than competitors. By hiring employees in underdeveloped which commonly practice in all kinds of businesses, Livoria can lower its labour cost by 30%. It is critical for Livoria to stay competitive in the industry. Con: Experienced crew is rare and invaluable. By swapping all experienced crew by unskilled labour, Livoria may risk losing its core competency – reputation of safety. Moreover, this may also affect our quality of service. Superior service is also critical to survive in the industry as well. Furthermore, termination and training costs can offset the benefits of labour cost saving. The effects on project 2011 net income for hiring unskilled labour Net Income before tax. How to cite Livoria, Papers

To a contemporary audience, th... free essay sample

To a contemporary audience, there is no doubt that Stanley is presented as the villain of the play due to his violence towards Stella and Blanche. However, when put in the context of 1940s New Orleans, where casual domestic abuse was common, and archetypal gender roles expected, Stanleys violent behaviour becomes not the fault of a villain, but of a villainous culture whereby every character is flawed, and a man felt it necessary to fiercely defend himself in several aspects.Despite his violent behaviour, Williams clearly steers Stanley away from the role of a villain, through the passionate and committed relationship he holds with Stella. Williams presents Stanleys Neanderthal-like attributes displayed throughout as a symbol of masculinity- he tosses her the meat package to normalize. The couple are clearly settled a functional yet passionate relationship until the appearance of Blanche when he goes away for a week†¦ I go wild [Stella]. We will write a custom essay sample on To a contemporary audience, th or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Stellas obvious dependence on Stanley in their life together after Stellas escape from Belle Reve presents him as having more heroic characteristics, having saved her from all that Blanche had to endure deaths are expensive, miss Stella! having to struggle with financial independence. Moreover, this breadwinning role adds to the archetypal family unit that increased in popularity during the 1940s, and shows that Stanley had similar goals to any American man, making him relatable to an audience of the time, and therefore directing him clearly away from any villainous role. Arguably, it is Blanches appearance which disrupts the peace in their relationship, which Williams uses to inflame Stanleys violence. However, the fact that Stanley and Stella remain together after Blanches implies their closeness, and unbreakable bond. Moreover, Williams presents Stanley is as a character essential for Stellas happiness- Blanches flirtation, deserving of rape? Several of the characters have flawsDespite his value as an individual, Williams presents Stanley not as a villain, but a representative of the class and society which shaped him, a product of flawed cultures clashing together, the Kowalskis and the Dubois have different notions. Stanleys brash sense of entitlement, for e xample when speaking about the Napoleonic code theres this policy†¦ only emphasizes the ascendance of the working class male, with new- found social mobility. Whilst this entitled viewpoint of Stanley blends seamlessly into the New Orleans lifestyle, being a place of desire it conflicts with Blanches character- a representation of the death of the Old South. Williams here displays the incompatibility of the two cultures, and the struggle of the changing fabric of society, still finding its feet. One could argue that this lead to Stanleys sense of entitlement to women, resulting in his rape of Blanche youve had it coming from the beginning†¦ It could also be argued that the rape was a way of defending what Stanley viewed as his property sizes women up quote due to Blanches blatant racism in labelling him a Polack and animal. Not only are the insults a symbol of the contrasting cultures, but of the way in which Stanley is made to feel degraded in society Im not a Polack, Im an American. Therefore his villainous behaviour to Blanche can be seen as a direct retaliation to her racism, and a way to defend territory. Placing such weight upon the culture in which Stanley is a product of makes him being a villainous individual unlikely. T huey long and polack, self defence