Artist Statement (Describe the photographies) Assignment

Craftsman Statement (Describe the photographies) - Assignment Example He has received a great ruminating present. In Math Problem (05_lee.jpg), we have the away from of an understudy apparenetly taking care of a math issue in the library. He is taking assistance from an online source by means of a PC, just as alluding to his note pad for composing the arrangement. He appears to be drained. Care has been taken to incorporate however much of the setting as could be expected. In Group Session (06_lee.jpg), we have the case for a frontal photograph portrayal of a gathering of understudies that have all the earmarks of being taking a shot at a joint issue or in a gathering. They are taking a gander at their workstations, which are an omnipresent image of American life and undoubtedly of training and the young. An everpresent Pepsi lies on the table for refreshment. In Photograph 8 (08_lee.jpg), the accentuation moves outside in the outdoors, as our subject is a female understudy sitting with folded legs in an open park, her schoolbag hurled close by. The edge of the photography is fairly extraordinary and emphasizes the lights in the recreation center among the trees, just as in the scenes worn by the subjet. She appears to be working diligently and is clearly a nature darling or lean towards the calm of this setting contrasted with a loud and closeted library. In Photograph 9 (09_lee.jpg), we see another picture of a similar subject. She has been hindered and turns upward with shock. She appears to be somewhat shocked, in spite of the fact that there is a brief look at a grin as her image is being taken. Clearly she was not prepared for this. In Photograph 10 (10_lee.jpg), we see a cheerful understudy close to the entryway of a quarters or study zone in a school or college. He has gone to confront the camera. Clearly he has heard some excellent news and we can just consider what it is as there are no other viewable signs. We can envision that he has An evaluations in at least one tests. In Photograph 11(11_lee.jpg), we have the camera looking down towards numerous subjects in the library zone. It is simply to show another concentration from another edge. The subjects are doing various things,

Report to the Management of Wilson, Tan & Associates

Presentation This report gives an assessment of the presentation of the exhibition of two U.K organizations that work in the design business with the goal of distinguishing a reasonable takeover focus for Wilson and Tan Associates. The report covers the money related execution of the two organizations based deciphered with regards to the business condition in which they work. The two organizations remembered for the report incorporate Supergroup Plc and Mulberry Plc. The investigation depends on the gathering articulation of money related situation as at 2011 and 2010 and the gathering pay proclamation for the years finishing 2010 and 2011. The remainder of the report is sorted out as follows: area 2 spotlights on dissecting the monetary presentation of the two organizations comparable to their industry and financial condition; and segment 3 gives ends and proposals on which organization to dominate. Examination of the Performance of Supergroup Plc and Mulberry Plc Index 1 contains the proportions of the two organizations over the period 2010 and 2011. The proportions spread an assortment of territories including productivity, liquidity, the board effectiveness and long haul solvency.ProfitabilityThe capacity of an organization to create an arrival on put capital is a basic factor in deciding the estimation of the organization. Productivity fills in as a proportion of the serious situation of an organization just as the nature of the administration (Penman, 2007; Robinson et al., 2009). It tends to be seen from reference section 1 that general benefit of Mulberry Plc is better than that of Supergroup Plc. Supergroup Plc understood a gross overall revenue of 55.82% in 2011 up by 6% from its 2010 figure of 52.58%. In spite of this high proportion, of Mulberry Plc was high. The organization understood a gross net revenue of 65.4% in 2011 up 11% from its 2010 figure of 59.0%. The working net revenue of Supergroup Plc was higher than that of Mulberr y Plc for both 2011 and 201. In any case, Mulberry Plc understood a more noteworthy improvement in the working net revenue from 2010 to 2011. On the off chance that the organization proceeds with this soul it will before long beat Supergroup Plc. Regarding the net overall revenue, return on resources, and profit for value, Mulberry Plc beat Supergroup Plc. Also, Mulberry Plc saw a huge improvement in these proportions from 2010 to 2011 while Supergroup Plc saw a critical decrease in these proportions over a similar period. As for benefit, the two organizations have all the earmarks of being beneficial. Notwithstanding, the presentation of Mulberry Plc outperforms that of Supergroup Plc. The high gainfulness watched for these two organizations can be ascribed to positive advancements in the design business. In spite of the poor financial atmosphere, the U.K design industry is encountering a development in income. The U.K stays a significant maker of garments and top notch textures. The joined material and dress industry in the U.K is esteemed at ?8.5billion worth of merchandise. Retail deals in the style business in 2009 were roughly ?285billion. Fare deals added up to roughly ?7.3billion at manufacturer’s costs with the U.S.A, Japan, Russia, France, Italy the Middle East, Hong Kong and China being significant fare goals (Fashion United, 2011). Rising patterns in both fare and residential deals clarify why organizations in the business are encountering expanding net revenues and degree of profitability as showed by the proportions of Supergroup Plc and Mulberry Group Plc.LiquidityLiquidity quantifies a firm’s capacity to meet its current money related c ommitments. It is a proportion of how well the firm can pay its momentary lenders with its present resources without selling its non-current resources. All together words, liquidity quantifies how rapidly the organization changes over resources into money (Myers and Brealey, 2002; Penman, 2007). Informative supplement 1 additionally presents liquidity proportions for Supergroup Plc and Mulberry Plc. It very well may be seen that Supergroup Plc has a superior liquidity position than Mulberry Plc. Supergroup Plc had a present proportion of 2.81 in 2011 up 1% from 2.79 in 2010. Despite what might be expected, Mulberry Plc had a present proportion of 1.62 in 2011 down 24% from 2010. The fast proportion of Supergroup Plc was 1.59 in 2011 down 17% from 1.91 in 2010 contrasted with a speedy proportion of 0.97 for Mulberry plc in 2011 down 34% from 1.48 in 2010. Considering just the present and brisk proportions, it very well may be seen that Supergroup plc can meet its present liabilities with its present resources better than Mulberry plc can do. The money proportion for the two organizations in 2011 was under 1.0 proposing that money and money counterparts are insufficient to meet current liabilities. This implies if the two organizations endure a record in the estimation of stock or an expansion in awful obligations, they would be not able to meet their present liabilities with their present base of money and money reciprocals. By and large, the liquidity position for the two organizations is declining in spite of the fact that Supergroup Plc has all the earmarks of being showing improvement over Mulberry Plc. The breaking down liquidity for the two organizations can be ascribed to the current monetary atmosphere. Bank loaning has declined fundamentally because of the worldwide money related emergency. Organizing an overdraft office has become progressively troublesome contrasted with what use to be the situation before the worldwide money related emergency. Declining liquidity also can be because of the consistent change in the design business. Garments stock becomes old too rapidly. This proposes moderate moving stock can result to liquidity requirements for organizations that work in the design industry.Management EfficiencyEfficiency proportions are planned for seeing how well an organization deals with its exercises particularly how it productively deals with its benefits. Addendum 1 represents various effectiveness proportions for Supergoup Plc and Mulberry Plc. The stock turnover of Supergroup plc declined from by 36% from 3.13times in 2010 to 2.01times in 2011. Supergroup can turno ver more stock than Mulberry plc who saw a decrease in stock turnover by 42% from 3.25times in 2010 to 1.88 occasions in 2011. The decrease in the occasions that stock is surrendered prompted an expansion in the quantity of days that stock is extraordinary by 56% from 117 days in 2010 to 182days in 2011 for Supergroup Plc and by 73 % from 112 days in 2010 to 194 days in 2011 for Mulberry Plc. This decrease in stock turnover for the two organizations assists with clarifying why the liquidity proportions declined. The two organizations have expanded the quantity of days that stock is held accordingly expanding the likelihood that stock may get old and hence result to a weakening in its worth. Most definitely, the administration of Supergroup Plc is progressively proficient. The receivables turnover of Mulberry Plc nonetheless, is better than that of Supergroup Plc. Mulberry Plc can gather its extraordinary receivables quicker than Supergroup Plc can do. This is reflected in the lower number of days that its receivables stay exceptional contrasted with Mulberry Plc. The buys turnover of Supergroup Plc is higher than that of Mulberry Plc. What's more, the quantity of long periods of payables of Supergroup Plc is higher than that of Mulberry Plc. This proposes Mulberry Plc is either defaulting on its installments or has a higher haggling control over its providers. The outcomes for Supergroup Plc recommend that it either has a lower bartering power or doesn't default on its momentary obligations. Regarding Payables turnover and receivables turnover, Mulberry Plc outflanked Supergroup plc showing that the administration of Mulberry plc is more productive in dealing with its benefits than Supergroup plc. Taking a gander at the working capital, fixed resource, and all out resource turnover, it very well may be seen that the presentation of Mulberry Plc was better than that of Supergroup plc.Long-term SolvencyThe dissolvability proportions show that Mulberry Plc is in a superior dissolvability position than Supergroup Plc. The organization has no drawn out obligation which makes its obligation to-value and obligation to-capital proportions equivalent to zero. Ends and Recommendations One can finish up from the above examination that Mulberry Plc performed better than Supergroup plc over the multi year time frame under scrutiny. While Supergroup plc seems to have a superior liquidity position than Mulberry plc, Mulberry plc is increasingly productive, has a superior administration and is in a superior dissolvability position than Supergroup Plc. Given its progressively proficient administration, it can take a shot at its liquidity position and improve in ensuing years. In the light of these discoveries, this report considers Mulberry Plc a superior takeover target and hence suggests that the administration of Wilson, Tan and Associates ought to consider putting a takeover offer for it. References Style United (2011) Facts and Figures in the UK design industry, accessible online at: http://www.fashionunited.co.uk/raw numbers in-the-uk-design industry, [accessed: first February 2012]. Myers, S. C. Brealey, R. A. (2002). Standards of Corporate Finance. seventh Edition McGraw-Hill. Penman, S. (2007) Financial Statements Analysis and Securities Valuation.3rd Edition. McGraw-Hill. Robinson, T. R., Greuning, J. H., Henry, E., Broihahn, M. A. (2009), â€Å"Financial Analysis Techniques† in Financial Reporting and Analysis, CFA Program Curriculum, vol. 3, Pearson Custom Publishing.

Bumping Up Againstand Breaking Throughthe Glass Ceiling

Bumping Up Againstâ€"and Breaking Throughâ€"the Glass Ceiling Note: This entry is the second part of my blog last week, in which I described my lessons from the National Conference for College Women Student Leaders (NCCWSL). I had gone the whole weekend without a picture until a few minutes before I left. Quick! Stand next to the official-looking poster! I’ve been fortunate in my life because I was never aware of any glass ceiling; my future looked more like an open sunroof. My family supported my interests, whether I said I wanted to be a teacher, a cop, or a dog kennel owner. Growing up, I always liked math, but when I got to high school, I, like many of you, realized I loved math and science. Mine was the type of school in which women were encouraged to take on math and science because it was one of those all-girls schools. Yes, we wore plaid skirts. In high school, all of my science teachers were female. They were such great role models because they were absolutely passionate about the subject they were teaching. Their motivation was contagious, and thinking of myself as a scientist became second nature. So once I got to MIT, where women make up about half of the undergraduate population, I never felt different for being a female engineer. In fact, Elizabeth ’11, a ChemE friend, told me about the Gordon Engineering Leadership (GEL) Program and got me really excited about it. In May, I visited the GEL program’s final leadership lab of the semester, during which a graduation ceremony for the GEL class of 2010 took place. It was encouraging to see how optimistic the graduating GELs were. Both the men and women seemed excited to jump into their post-MIT lives. I was also pleasantly surprised to see Elizabeth named GEL ‘11 class leader for next semester! In this role, she will coordinate program activities and allocate resources while working with both GEL staff and students. These opportunities make me optimistic of the future, too. I often try to imagine the reactions I’d get if I told people 50 years ago that I was an engineering student at MIT participating in an engineering leadership program. I got my answer, unfortunately, in 2010. While in a cab going to the airport from the NCCWSL, which I mentioned in my last entry, dressed in my business casual attire, the driver asked me what I was in town for. Being the courteous passenger, I told him about the leadership conference. “So you want to be a leader?” he asked, waving his fist in a “you go girl” kind of manner. He then added, “I thought you were a model. I wouldn’t think someone like you would be into leadership.” This is really what he said to me. It was the first time that I saw a tiny piece of a glass ceiling close over my headâ€"how ironic for it to happen after a few days of seminars and conversations about assumptions like this at the conference. It may not seem like a big deal when considering what some women have been through to get where they are today, but there’s something about the phrase “someone like you” that sets all sorts of alarms off in my head. Maybe telling you to explore science or chase your dreams would be like preaching to the choir, but you never know whose lives you all can change by acting as a role model for others. Get involved, network, talk to people, talk to non-science people. Let’s get this conversation going and we’ll keep it going in this blog and on campus.

Donnes Worlds - Literature Essay Samples

Donne: Holy Sonnet V(essay follows poem reproduced below)I am a little world made cunninglyOf elements and an angelic sprite,But black sin hath betrayd to endless nightMy worlds both parts, and oh both parts must die.You which beyond that heaven which was most highHave found new spheres, and of new lands can write,Pour new seas in mine eyes, that so I mightDrown my world with my weeping earnestly,Or wash it, if it must be drownd no more.But oh it must be burnt; alas the fireOf lust and envy have burnt it heretofore,And made it fouler; let their flames retire,And burn me O Lord, with a fiery zealOf thee and thy house, which doth in eating heal.In Donnes Holy Sonnet V, there is a clear contrast between the world that is Donnes personal sphere and the world that Donne is surrounded by, and over which he has no control. He makes clear that there is a distinction within his own world when he says  ³My worlds both parts, ² but all that is known is that  ³both parts must die. ² Ther e is an ambiguity surrounding these lines, for Donne defines his microcosm in terms of the greater world around him. His own world is composed of  ³elements and an angelic sprite ² but by stating outright that both parts of his world must die, Donne testifies not only to his fear of death by the physical  ³elements ², but also to perhaps what he fears the most a second death. He fears that because of his black sins  ³betrayed to the endless night ² that the  ³angelic sprite ² that composes his world, his soul, will die. His sphere is doomed, and with this revelation it is now clear that the speaker is in a state of almost complete dejection. The ensuing lines of the poem reflect the speakers spiritual state, but are addressed as forces of elements like water and fire that are representative of his own emotions. Although his own sphere is already shattered in a sense, the speaker appeals to a greater sense of God, time, and life looking for some sort of salvation fro m his doomed fate. It is not just his mortality that threatens him, it is the prospect of eternal spiritual death that is even more frightening, and so we see the speaker revert to an earlier state of spirituality attempting to provide his own temporal salvation by compressing time.By observing the choice of words that Donne uses in this poem, it is clear that Donne is questioning the very basis that comprises the fundamentals of Christian belief. The very first line states that the speaker is a  ³world made cunningly ². There is an intonation of deception in this first line, which would attribute to the speakers guilt for his mysterious  ³black sin ² throughout the poem. This leads the reader to question what it is about this newly formed world that is so deceptive, and why it is this very deception that must cause the deaths of his  ³worlds both parts ². The very foundation of the speakers spirituality is consecrated in his baptism, the formation of his  ³sphere ² and so with his own betrayal of the pledge made in baptism, his own sins have in turn betrayed him to the endless night which in this context would be natural and spiritual law. Both the elements and the angelic sprites are betrayed, and time is apparently unforgiving since the speaker is terrified that he will suffer the consequences even until after his body is physically dead. His entire world would have to have been made cunning in order to deceive others of his sin, and according to God his fate would thus be fixed right from the time when he was baptized. Donne goes on to say that in the past, the speaker revered heaven, but that he no longer currently does. The Speaker is under the assumption that his soul will be condemned for his  ³black sin, ² and thus that he will never know heaven. Therefore Donne explicitly states that the  ³was ² in  ³Heaven which was most high, ² to point out that going to heaven is now not the speakers main intention, but rather a past as piration, or a theoretical objective which he no longer believes to be possible. At this point in the poem, it is clear that Donne believes himself to be condemned, right from the moment he was baptized, for his lack of loyalty and devotion to God and what can be inferred to be the Christian Doctrine. This is the unforgivable sin that renders the speakers tone to be both desperate and sad throughout the poem, and on a microcosmic level it is this sin that leads to the fires of his spiritual ruin.In the first four lines of the poem, the speaker addresses the situation he faces within his own sphere, and in the fifth line we can see Donne venture outside the personal realm in which the speaker has affixed himself, and address God directly.  ³You ² he begins,  ³which beyond that heaven which was most high / have found new spheres, and of new lands can write ². Donne addresses astronomers and explorers who have made new discoveries, as the footnote indicates, but moreover, Donne is honoring God who is in general responsible for all human success. Although his own sphere is made up of elements and  ³sprites ², he is appealing to elements outside of Gods direct control for help. He calls upon both the angels in the sky as well as earthly elements to band together and help him break out of his doomed fate. He wants his fellow beings to  ³pour new seas into (his) eyes ² so that he may  ³weep earnestly ², and properly repent for his sins. Only twice does he call upon God directly, the aforementioned time and then again with  ³O Lord ² at the end. Throughout the rest of the poem, the speaker appeals to God indirectly with his brief references to Noahs flood and the Day of Judgment for example, but he chooses not to outright ask God for salvation, rather he continues searching for a way to save himself first.Donne is at Gods mercy yet turns to him really only at the end when he has assured himself that indeed he can finally  ³heal ². He finds his own method of salvation and is still unwilling to accept the absolute belief he rejected in baptism and will forever pay the consequences of, that God is an absolute power on which he relies. The speaker desperately cries for something, anything to cleanse him of his ill fitted fate:  ³Wash (my world) if it must be drowned no more, ² he declares. The speaker wants to be renewed by a flood, the symbolic opportunity of re-baptizing himself. However, like Noahs flood, baptizing can only occur once and so in reality Donne has to reject the idea. Again he is trapped by lost opportunity, not unlike the speakers cunning world whose foundations are impossible to change. Donne turns to fire,  ³Alas, the fire ² whose flames will  ³retire and burn ² both the speakers body and soul. What Donne is describing is in fact the Day of Judgment where via conflagration his world is consumed by fire and finally purified. The irony is that only on this day will the angels to whom he has b een appealing be united with their earthly spheres and thus be more able save the speakers own personal sphere, but by this time the speakers world would already have been decimated. To this Donne exclaims  ³But oh, it must be burnt! ² in order for the appropriate  ³healing ² to result, and after all that is  ³foul ² like  ³lust and envy ² are gone and only traditional Christian values remain, only then will the speaker find salvation. The speaker will then be a recipient of Gods  ³fiery zeal ², for through the refining properties of the fire Gods love for each man will show through.The fate of the outside world is fixed, for if the speaker has one irreparable sin, then the macrocosm dictates that he will forever suffer. So knowing now that the fate of his own sphere is doomed, he can make the macrocosm better by renewing his soul and body by means of the purgative flame. The flame consumes him, and in the very last line  ³Of Thee and Thy house, which doth in eating heal ² we can infer that the speaker is allowed to take the sacrament of Holy Communion again and thus is forgiven even in the eradication of his sphere. He has lost his element and even his angelic sprite, but in doing so, he has accepted God. The speaker develops a parallel being with God, for by being accepted into his house he is able to be reborn and quite symbolically baptized in Gods house. The speaker is thus preserved both mentally and physically as the greater macrocosm that God controls but that ironically ensured the speakers own individual destruction, for just as the fires quite literally ate him, the speaker has figuratively eaten God and is no longer really recognizable as a self but rather as a part of God.

Descriptive Essay - Original Writing - 1313 Words

Bill Bowerman once said, The real purpose of running isn t to win a race, it s to test the limits of the human heart. That was the quote that was running through my mind as I kept in pace with my best friend Tyler, the sounds of our jogging almost rhythmic. The cool afternoon air cleared my busy mind, and as we rounded the corner of the park s running trail, out stopping place near the duck pond came to view. Beside me, I heard a sharp intake of breath come from Tyler, signaling that he too had seen the pond. Without a second thought, we both sprinted towards it. The path blurred below me as I felt a surge of adrenaline. I willed my muscles to push harder and welcomed the burning sensation that coursed through my body. My heart pounded to the steady thumps of our footsteps hitting the cold rocky ground. I felt the beads of sweat running down my forehead and the nape of my neck making my hair to cling to it. As I was reaching the end, a new burst of energy erupted in me, throwing over the finish line. I hunched over trying to catch my breath as I held onto a bench that faced the pond. My throat burned as I laughed at the sight of him cursing and kicking the dirt. I reached into the pockets of my shorts and tossed him a set of keys to which he caught flawlessly. Without saying a word, he turned and began on his journey back. I gathered what little energy remained in my body and forced myself to sit down knowing it would take him some time to reach the parking lot. TheShow MoreRelatedDescriptive Essay - Original Writing1110 Words   |  5 PagesI don’t know how I got to where I am, but I’m here now, and I have to win if I want to live. I am in a game, and in order to live, I have to escape. That’s the thing, though: I don’t know how to escape. I was running for my life around this old house that looked like it came straight out of a horror movie. I doubled over and held my head in pain as I saw the static, which meant it was coming. I was being chased by what looked like a person but in no way acted like one. Just as it was about to appearRead MoreDescriptive Essay - Original Writing1102 Words   |  5 PagesIt is on days like this when we stop to think about our life. Small drops of rain begin to dapple the cobblestone pavement as people whip out their umbrellas for cover. I continue sauntering down the busy street, relishing the feeling of a light shower. Moving with the mass of pedestrians, I stop at a crosswalk where I wait for the stoplight to turn green. A flower shop employee across the street scurries to bring in the numerous bouquets and close the doors as rain starts rolling down the displayRead MoreDescriptive Essay - Original Writing914 Words   |  4 PagesDreamy I thought. Standing on the corner is a young guy with a smile. I see him here almost every day, so I linger for a while. He tells me his name, and I tell him mine. I m Ester, what s your name? I enquired. My names David .,He replied. We end up talking for a while and I asked him if he had ever left this city. He tells me of all these stories of the places where he s been, the distant lakes and mountains, and in valleys oh so green. I can see it in his eyes, he really has beenRead MoreDescriptive Essay - Original Writing974 Words   |  4 Pages I was used to moving round, having a mother who liked to travel more than making roots was something I had gotten used to. Still, I had never gotten used to the loneliness of an empty house when she was out exploring, or the feeling of leaving behind someone who could have meant something to me. Our most recent move was Oregon. It was pretty, and I didn’t mind it, but it was much different than Florida. Not only was it opposite sides of the country, it felt as if it were opposite worlds. InRead MoreDescriptive Essay - Original Writing1012 Words   |  5 Pageshave plenty of time in the next month to think about my feeling in regards to Kendrick. I needed to finish up the article and get it off to my editor. I should be able to get it done by tonight and send an email in the morning. I was thinking of writing my next article about the sea life around the Scottish coast. Since our salmon dinner last evening I thought I would do a piece about the commercial salmon farming that began in Scotland in 1969. In 2002 over 145,000 metric tons of farmed AtlanticRead MoreDescriptive Essay - Original Writing1561 Words   |  7 PagesThere’s something I need to say and what follows may not be something that you’d expect, it won’t be heartening or uplifting. If you remember today, I told you about going somewhere I wanted to go to†¦ I’m not sure if you believed and accepted what I now confess as untrue; it is partly. I needed to pull away emo tionally†¦ from you. You must have had fathomed that some degree of formality had seeped between us. Born of habit, formulaic greetings had become a routine. You presume that I’m a close friendRead MoreDescriptive Essay - Original Writing1387 Words   |  6 PagesI was wearing a beautiful blue dress with sapphire gems all around the chest area as I entered the ball with Ciel and Sebastian. I took a good look around here, the hallway was lined with gold. There was a servant ready to escort us to the ball room. Hello, come this way. He said, walking forward. Wow, this place is so fancy! I exclaimed, looking around. It s fake gold. Ciel bluntly replied, bringing my hopes down. I sighed. Ciel sounded like he wasn t in a very good mood. Ciel, lightenRead MoreDescriptive Essay - Original Writing1287 Words   |  6 Pages In the morning, Caireann woke me up. She stood above my bed, shaking my shoulder. I opened my eyes, looking at her. Then I looked across the room to her empty bed. Andy s empty bed sat in the corner. I swallowed, climbing out of bed. Sleep well? Caireann asked me, starting out the door. Yeah, I said, going over to our small dresser. I had the bottom two drawers. Andy had the middle two, and Caireann had the top. I pulled open the drawers, pulling on a colorful tank top and a grayRead MoreDescriptive Essay - Original Writing1345 Words   |  6 PagesLater that night, I was behind the wheel of my G-Wagon with Melissa in the passenger seat. She didn’t feel like driving since she was on the road all day and I understood so I didn’t mind when she asked me to. I had been tight-lipped. She kept eyeballing me as if she detected that something was bothering me but I just kept singing to my India Arie as if I was carefree. â€Å"So are you going to tell me what’s going on or no† Melissa said disrupting my own personal concert. 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Essay on Offshore Drilling - 3083 Words

Offshore Drilling What is it? Drilling for oil in the ocean is one of the greatest technological breakthroughs in recent decades, and many new techniques have been developed to profit from the abundance of oil underneath the ocean floor. While drilling for oil has been around for hundreds of years in one form or the another, the effective extraction of petroleum from beneath the sea floor did not surface until the last forty years. The search for oil often turns out to be unproductive, but this practice is vital for the economic future of many nations. In order for any drilling to take place, an offshore drilling rig must first be installed. These offshore platforms can be situated in water up to a several hundred meters in depth.†¦show more content†¦These production platforms come in a variety of sizes, shapes, and types, which are dependent on the dimensions of the field, the depth of the water and how far the oil and/or gas field is from shore. The platforms are generally made of steel and fixed to the seabed with steel posts. These platforms harbor all of the processing equipment for the well and can house a maximum of 80 workers. In addition, platforms have concrete structures large enough to store oil, with gravity keeping them situated on the seabed Explanation of Drilling Drilling begins once the drill bit is lowered to the ocean floor. This first step is referred to as spudding. There are two types of drill bits: (1) a roller cone or rock bit which usually has three cones armed with steel or tungsten carbide teeth or buttons; or (2) a diamond bit, imbedded with small industrial diamonds. The drill bit is attached to drill pipe and rotated by a turntable on the platform floor. As the hole deepens, extra lengths of drill pipe are attached. (Offshore Drilling) The diameter of the drill bit varies from a diameter of 36 inches, which is used when the hole in the ocean floor is first started, to a diameter of 8.5 inches. The total length of a drill pipe is 30 feet. The time it takes for the drill to reach the oil and gas trap could be weeks. In order to move the drill cuttingsShow MoreRelatedOffshore Drilling1527 Words   |  7 Pages Offshore Drilling Does anything out weigh the importance of our planet’s health? You would be surprised by the number of people who look the other way when it comes to keeping the planet clean. Offshore drilling is just one of the major environmental issues that has existed for many years and still continues to be a problem. The topic of offshore drilling not only touches on environmental issues but also political, economic, and ethical issues. All of these tie into the huge debate over offshoreRead MoreThe Drilling For Offshore Drilling1433 Words   |  6 Pagesto make the choice whether we want to be more self-reliance or have a safer environment. That brings us to the subject of offshore drilling in regards to the Deepwater Horizon Oil Spill. Offshore drilling is the process of drilling for oil offshore in places such oceans or sea beds through an oil rig. Sound like something non-complex. Many would assume that offshore drilling could not have very much effect in regards to onshore. T he most politically correct way for a person to decide where theyRead MoreDrilling Rigs : Offshore Drilling5013 Words   |  21 Pages An offshore drilling rig is a machine that creates holes (usually called wells or boreholes) and/or shafts in the ground. Drilling rigs can be huge structures that house equipment which is then used to drill water wells, oil wells, or natural gas wells. The term â€Å"rig† refers to the complexity of the equipment that is used to penetrate deep into the surface of the earth’s hard crust. Offshore drilling is a mechanical process where a wellbore is drilled through the seabed. Typically carried outRead MoreOffshore Oil Drilling2928 Words   |  12 Pageseveryone love swimming in the ocean and seeing all the pretty sea life? Some people do, and when people are offshore drilling they can cause a lot of problems if something goes wrong. The biggest concern by environmentalist is not a spill, but the pollution of the air and water, damage to the ocean bottom and debris that washes ashore from day-to-day operations of oil and gas rigs. Oil Drilling can lead to jobs being endangered, animals dying, and damaging the eco system. So many animals are dying becauseRead MoreEthical Issues Of Offshore Drilling1008 Words   |  5 Pages Ethical Issues of Offshore Drilling As we know today, and have known for many years, BP is not just a local gas station that we go to sometimes to fill up our tanks. BP is a HUGE Multi-Billion dollar company! Many people believe they get there oil mostly from the mid-east but they’re also a company (or industry) that does offshore drilling for oil that is refined into a much more stable state that doesn’t blow up cars as soon as ignition occurs. Off shore drilling by definition on BP’s mainRead MoreThe Disadvantages Of Oil Drilling Offshore2181 Words   |  9 Pages The Disadvantages of Oil Drilling In Environmentally Sensitive Areas In The United States Oil drilling in environmentally sensitive areas in the United States had been an ongoing controversial problem for a very long time. There are so many opinions along with outlooks on the present topic. Many people are against oil drilling offshore because of the issues that it creates. However, there are many critics that agree with drilling in environmentally sensitive areas because they do not worry aboutRead MoreDeepwater Horizon Was An Offshore Drilling Rig966 Words   |  4 PagesHorizon was an offshore drilling rig built in 2001 in South Korea by Hyundai Heavy Industries. In September 2009, the rig drilled the deepest oil well in history with a vertical depth of 35,050 feet. An unplanned flow of well fluids into the wellbore can be dangerous as it could cause a blowout which would then cause a fire. In order to prevent this, driller’s pump a drilling mud into the well, creating a barrier between the undersea oil and gas and the rig. The safety of the drilling crew reliesRead MoreOffshore Oil Drilling and the Deepwater Horizon Spill of the Gulf of Mexico1591 Words   |  7 Pagesfossil fuel, oil drilling is used. Land-based oil drilling became less productive and as the global stipulation for energy increased, technology, law, and geology impacts stepped in and pushed the exploration of oil away from shores (CITE). With its historical background, offshore oil drilling is one of the most important aspects of today’s economy although we are faced with its risks and consequences, such as the BP Deepwater Horizon explosion of the Gulf of Mexico. Offshore oil drilling is known asRead MoreThe Effects Of Drilling On Offshore Drilling1667 Words   |  7 Pagestremendous devastation and pollution to the ecosystem. Discussion about offshore oil drilling and regulations was inevitable after the spill. In President Obama’s Oval Office speech after the spill, he makes a claim that offshore drilling must be more strictly regulated, and a shift towards clean, renewable energy must be made. In light of this disaster this is a controversial claim due to the United States current reliance on offshore drilling and the scandalously close relationship between oil companiesRead MoreOffshore Drilling Essay1518 Words   |  7 Pagesexpanded their search for offshore oil. Approximately 25% of oil produced in the U.S. comes from offshore rigs. Due to environmental concerns following an oil spill off the coast of California in 1969, an offshore drilling suspension was put in place. Since then, America has amplified its expenditure of ene rgy to nearly 25% of the worlds oil. Meanwhile, the U.S. produces about 10% of the worlds oil, because much of America’s coastline has been out of commission for oil drilling since the early 1980’s

Overstock.Com Unusual/Conflicting Accounting Principles...

Abstract Overstock.com, also known as O.co, with headquarters in Salt Lake City, Utah was founded in 1999 by Patrick S. Byrne, its CEO and Chairman of the Board of Directors. Byrne recognized the potential in liquidating excess inventory through the Internet. Up until then, consumers had relied upon outlet centers with crowds and limited product selections for finding bargains, and small retailers found little access into the world of closeout merchandise (O.co, 2010). Meantime, the art of online shopping seemed to be skyrocketing. In 1999 Overstock.com reported a $1.8 million in annual revenue to over $1 billion in revenue in 2010. Overstock.com is a major online retailer offering a wide variety of high-quality, brand name†¦show more content†¦It is quite obvious that Overstock.com violated the GAAP by producing, sort of speak, an illegal reserve to materially inflate future earnings or reduce future losses from Q4 2008 to Q3 2009. Overstock.com ridiculously claimed that the collection of the entire amount of its underbillings (every single penny) â€Å"was not assured† and instead falsely claimed that a gain contingency existed rather than make a reasonable estimate of uncollectable amounts as required under SFAS No. 5. Therefore, Overstock.com improperly recognized income from underbilled fulfillment partners as amounts due to the company were collected on a non-GAAP cash basis, rather when they were earned under accrual accounting or GAAP (Antar, 2010). Overstock.com clearly and without precedence violated its published mission and vision statements which clearly states: Overstock.com’s Mission: To save people money. Overstock.com’s Vision: Overstock.com provides online shoppers with the best value and a superior customer experience. We are honest, helpful, efficient, accountable, and trustworthy, and are committed to profitability and service (O.co, 2010). According to Oversto ck.coms S-1 filed in March 2002, during Overstock.coms entire history, the company had lost money: †¢ Fiscal Year Ended December 31, 1997: $661 thousand net loss †¢ Fiscal Year Ended December 31,Show MoreRelatedDeveloping Management Skills404131 Words   |  1617 Pagesmymanagementlab is an online assessment and preparation solution for courses in Principles of Management, Human Resources, Strategy, and Organizational Behavior that helps you actively study and prepare material for class. Chapter-by-chapter activities, including built-in pretests and posttests, focus on what you need to learn and to review in order to succeed. Visit www.mymanagementlab.com to learn more. DEVELOPING MANAGEMENT SKILLS EIGHTH EDITION David A. Whetten BRIGHAM YOUNG UNIVERSITY