reconstruction Essays (985 words) - Reconstruction Era,

History Essay ?the north won the civil war, but the south won Reconstruction? This statement has been wryly observed, to interpret this you need to know the background of these two different parts. During the civil war(1861-1865), the north and the south grew in different directions and ways. They both had some advantages, the north was the center of manufacturing and wealth.In the south, manufacturing was not that big, the south did not have many skilled workers. Most of the people were not educated and were farmers, who worked on a field. The south got their money by trading with other countries, with materials they got from their plantations,, for example cotton etc. The north produced the main part of the countries wealth and had bigger army than the south, including black soldiers. The north was better prepared for the whole war, they had better equipment and supplies. The south had the better generals for example Robert E. Lee and Thomas Jackson. In 1863, Lincoln declared all slaves to be free. With a lot of support of the freed African American slaves who joined the union, and now had a way bigger army the the confederacy. Many battles were going on in both parts of the country. The main battles were the battle of Gettysburg, where commander Robert E. Lee turned back with heavy casualties, another won was the battle of Vicksburg, Mississippi where the union gained control of the Mississippi River.The union was also able to capitalize their advantages against the south, in men and material. The Confederates mainly gave up, they ended resistance on April 9, 1865. The war ended in slavery. After the civil war people were struggling with rebuilding their houses and their lives. The president and Congress tried to figure out how to rebuilt the nation. They had to handle with the difficulties of reconstruction. Beneath other parts they had to decide how the confederate states were able to rejoin the union. They mainly tried to reorganize the south and to define their laws, what means that they need to figure out how Blacks and whites live together in a non-slave society. Blacks should be treated as equals and under he same law as whites. Lincoln had a plan for reuniting the country in the proclamation of amnesty and reconstruction. The republics were against Lincolns plan. In Congress they were known as the radical republics, they did not want to reunite with the south. The main goal of the republicans was that they wanted the federal government to help African Americans, so that they are able to vote. They also knew that if African Americans are able to vote that most of them will vote for the republicans. In the summer of 1864 the moderates and the republicans came up with a plan for reconstruction, The Wade-Davis Bill. The Bill says that that any adult white men in a confederate state that he should take an oath of allegiance to the union. So the state could now create a new and better government. The congress passed the Wade ? Davis bill, But Lincoln blocked it with a pocket veto. Lincoln realized that a harsh plan of reconstruction would just bring more chaos in the south. After the war the economy in the south collapsed and a lot of people were unemployed. In 1865 congress established a welfare agency known as Freedmen?s Bureau. The Bureau persued a range of programs in an effort to obtain jobs and provide education as well as basic health services. The Bureau is able to set up 4,000 schools and 100 hospitals and to provide housing and food. Lincoln gave on April 15, 1865 the problem of reconstruction in the hands of the new President, Andrew Johnson. He wants the southern states to be free from federal invention. Johnson?s plan was to carry out a policy, which was almost the same to Lincoln?s . The southern states followed Johnson plans for reconstruction. None of the state made any effort, to allow the slaves to vote, and later on Congress recognized that there was an unwillingness to accept Johnson?s plan. This was the beginning of the congressional reconstruction of the south. In 1866, the Radicals, who had a

Bangarra dance review essays

Bangarra dance review essays Bangarra is one of the most exciting and young dance companies in Australia today. Ochres is a flawless piece: powerful, gripping and is performed phenomenally. Bangarra Dance Theatre was formed in Sydney in 1989 by Carole Johnson, the first director of NAISDA, Australia's National Indigenous Dance School, along with NAISDA graduates. Stephen Page was appointed artistic director of Bangarra Dance Theatre in 1991 and is still in that role in 2004. This company is unique to Australia because it has only been running for 15 years but it has so much history behind every single dance that they perform, because it is all aboriginal dancing with a mix of modern contemporary dancing. Bangarra is trying to maintain the link between the traditional Indigenous cultures of Australia and new forms of contemporary artistic expression with respect and integrity. Before viewing this piece, I had only ever seen one other aboriginal dance piece, which was even more spectacular in real life. But after now have experienced two it is easier to understand why they are doing certain moves because throughout the piece you see them moving to a position in the same way or worshipping something in the same way, but I have learnt a lot from viewing this piece and really appreciate the Aboriginal cultural dances. I didnt enjoy ochres as much as spirit, but maybe that was because it was on a video and it wasnt live or as close to you. Their movements along the floor were so important in this piece, they are as close as they possibly can be to the ground and it is almost like through some of the dance they re almost apart of the ground. This is important to this type of dance as in some different areas they may be just apart of the backdrop and have to get to their places or they might be coming on stage with people hardly noticing they are even moving around on the ground. The term impulse means to me that d ...

Biology Osmosis Observation

Independent: sugar concentration in potatoes. Controlled: time, potato form. Apparatus: 1. 5 plastic cups 2. Distilated water 3. Potato 4. Knife 5. Clock 6. Electronical scales (Â ±0,05) 7. Bag of sugar 8. Measuring cylinder 9. Tap water Method: Peeling down the potato and cutting it into 1cm3 cubes (25 cubes) Weighing potatoes on the scales Putting different amount of sugar into five plastic cups (1st no sugar 2nd 6,8g 3rd 13,7g 4th 20,5 5th 27,4g) Adding 100ml of water to each of the cups Mixing the sugar with water Putting in 5 potatoes into each cup Waiting 20 minutes Pulling out the potatoes, drying them up and putting on the scales Writing down new mass. Amount of sugar in solutionSolution concentration %Cup numberMass of five cubes before(Â ±0,05g)Mass of five cubes after (Â ±0,05g) 0g0%15,8g6g 6,8g6,37%25,1g5,2g 13,7g12,05%35,5g5,3g 20,5g17. 01%45,6g5,4g 27,4g21,51%55,5g5,3g Graph: While the concentration is from 0% to 6,37% the net mass gets bigger, later on from 12,05% to 21,51% the net mass gets smaller. When the concentration is from 0% to 6,37% the net mass change is positive, when from 17. 01% to 21,51% – negative. Conclusion: The potato lost more mass as it was submerged in bigger concentration solutions because the bigger concentration difference is, the osmosis will occurs more intensively. Evaluation: I think that laboratory work went pretty well, I managed to see the differences in potato mass change and make a conclusion of it. Next time I should write down original numbers and not rounded ones to give more accurate results. Biology Osmosis Observation Independent: sugar concentration in potatoes. Controlled: time, potato form. Apparatus: 1. 5 plastic cups 2. Distilated water 3. Potato 4. Knife 5. Clock 6. Electronical scales (Â ±0,05) 7. Bag of sugar 8. Measuring cylinder 9. Tap water Method: Peeling down the potato and cutting it into 1cm3 cubes (25 cubes) Weighing potatoes on the scales Putting different amount of sugar into five plastic cups (1st no sugar 2nd 6,8g 3rd 13,7g 4th 20,5 5th 27,4g) Adding 100ml of water to each of the cups Mixing the sugar with water Putting in 5 potatoes into each cup Waiting 20 minutes Pulling out the potatoes, drying them up and putting on the scales Writing down new mass. Amount of sugar in solutionSolution concentration %Cup numberMass of five cubes before(Â ±0,05g)Mass of five cubes after (Â ±0,05g) 0g0%15,8g6g 6,8g6,37%25,1g5,2g 13,7g12,05%35,5g5,3g 20,5g17. 01%45,6g5,4g 27,4g21,51%55,5g5,3g Graph: While the concentration is from 0% to 6,37% the net mass gets bigger, later on from 12,05% to 21,51% the net mass gets smaller. When the concentration is from 0% to 6,37% the net mass change is positive, when from 17. 01% to 21,51% – negative. Conclusion: The potato lost more mass as it was submerged in bigger concentration solutions because the bigger concentration difference is, the osmosis will occurs more intensively. Evaluation: I think that laboratory work went pretty well, I managed to see the differences in potato mass change and make a conclusion of it. Next time I should write down original numbers and not rounded ones to give more accurate results.

Dual Levers of Success Assignment Example | Topics and Well Written Essays - 750 words

Dual Levers of Success - Assignment Example The transistors business led to the faster performance and more utility for computers. The business partners created chips, which stored an ever-increasing amount of information, boosted computer memories, and functionality in a cost-effective manner. Â  In chapter two, Michael’s research ideas and programs went down well for the first six months. Thereafter, things changed and new competitors entered the markets and destroyed the business completely. The company’s products that hit the market upon their launch went down drastically (Krames, 2003). Experts predict that if the trend continues at the same pace, in the next six months, the company will be enjoying less than a quarter of the market it has enjoyed in the last one year. In addition, the company has a serious inventory problem due to the demand fall (Krames, 2003). If things do not change, the company will write off more than a million dollars in excess inventory. Â  In chapter five’s article, the company depends entirely on a drug that enjoys 60 percent market share every year. The drug is responsible for 80% profits of the company. All of a sudden, the shares of the drug fall drastically and the company’s stock price plummets to about 50 percent of its previous highs (Krames, 2003). The stock slide changes the CEO’s Company from a hero to a goat. Â  The two professionals in both articles are discussing the competitive market. In chapter two’s article, Michael’s company is threatened by the competitive market after half a year of modernizing his company by a state of the art computer system, which includes a website for the company (Krames, 2003).

Pubic speaking paper Essay Example | Topics and Well Written Essays - 750 words

Pubic speaking paper - Essay Example Our forefathers had a dream of building a great nation. Our country has made this large strides which can be traced back to the foundation of the dreams our forefathers had for this nation. They were ready to give their life for something they thought was greater than their individual interests. They wanted nothing but the best for our great nation. The United States of America remains one of the great and globally influental country and we hope to remain so for generations to come. We have been and we will always be so long we remain patriotic to our ideals and value the strength of our diversity. As a leader of this great country, I believe we will be able to achieve our millenium goals by being an exemplary global leader in investing in educating the young generation that will lead to globally competent leaders of the societies to come and offer lasting a lasting solution to global war crisis. There is nothing so satisfying to the spirit, so defining to ones character than giving one’s all to a difficult task. United States of America is a far more diverse country than any other country in the world. We remain the most powerful nation because we have chosen the strength and the bonding we gain from our socio-cultural differences to be our driving impetus into the building of our great nation. The advancements we have achieved in providing globally competetive learning institutions and technological advancements are the prime indicators of our nation as the global harbour of knowledge for generations to come. Thats why we strive to make America a destination for the validity of any child’s dreams from any country in the world. This will go along way in academically financing children from needy backgrounds in the world by provision of fully of partially funded academic and merit based scholarship to study in our institutions of higher learning so that they ca n give back and change the leadership in

Physical Activity and Education Standards Essay Example for Free

Physical Activity and Education Standards Essay It is a matter of fact that with the increased accent on academic education, physical exercise programs are declining in public and private schools. Nowadays there are minimal opportunities for students to lead active life during school time. It was reported that the number of students who attend physical training every day had decreased to 29 percent in 1999 compared with 42% in 1990. It is possible to maintain ideal body weight and health due to physical education classes. Students must receive at least an hour of physical training daily. Such process should involve vigorous activity during 10-15 minutes daily. It is apparent that sport is available in public schools, although not all children like to attend these classes. (National Standards) It is necessary to design such physical activity for students which will firstly meet required standards and secondly arouse interest among children. The most interesting and exciting activity is school sports competitions, because they involve many kinds of physical activity and develop team spirit in participants. School competitions will involve all students who are physically fit and also who are weaker. The competitions will last two days and embrace different activities. The first day will pass through l team games such as basketball, volleyball for girls and football for boys. The second day will process through team competitions devoted to running: long-distance races, sprints, running on the spots, high jump and standing (running) broad jump. It is necessary to explain why such physical activity is chosen. The first reason is that students will demonstrate their competency in different movement forms and their proficiency in selected ones. The second reason is that during team activities students will demonstrate team spirit, responsible social and personal behavior. The last reason is that students are taught in such way to understand and to respect differences among students with different physical abilities.

Comparing A Cage of butterflies to Mission to mars Essays -- essays re

Science fiction produces a "what if" element that asks a question and prophesises the future. There are many texts, which presents the reader or viewer with a particular way of science fiction. The two texts, "A cage of butterflies" by Brain Caswell and "Mission to Mars" by Brian de Palmer, both of which conform to science fiction. The technology used in "A cage of butterflies" is of extremely high standard and produces a theme that prophesises about experimentation and mutations occurring on humans. The theme in "Mission to Mars" is about discovery, communication and reaching out to other life forms. In "A cage of butterflies", the research laboratory in NSW is covertly set, as what they are doing is illegal. The extremely tight security of the laboratory gives the reader a feeling that the research lab is like a prison or a zoo. This impression is also supported by the place where the babies are kept under tight surveillance and the way that they are being monitored through a glass window. The environment the think tanks occupy is more like a home than a lab, because they aren't aware of what is happening, so they refer to the place as the "Farm". The characters in "A cage of butterflies" are intelligent heroes. The "think tank" are a bunch of kids with an I.Q. well above 150. Mikki and Greg are the main characters, both born with natural leadership and who love each other. The babi...

The Secret of Ella and Micha Chapter 22

Micha She looks terrified as hell, her eyes round, and her body is trembling as she says, â€Å"I love you.† My smile breaks through. â€Å"I know you do. I have ever since the day on the bridge.† She looks confused so I explain further. â€Å"When you tried to leave, I caught up with you and took you up to our spot by the lake to calm you down. When you did, you told me that you loved me.† Her lips part. â€Å"I did†¦ why didn't you tell me?† â€Å"Because I wanted you to tell me again,† I say. â€Å"When you were a little less out of it. Took you long enough, by the way.† Her lips expand to a smile and I can't help but kiss her. My body rolls onto her on its own accord, even though it hurts like hell to use my arm to keep my weight off her. She trails her fingers up my back as her legs fall to the side, giving me permission to press up closer to her. It's what we've been doing every night for the last few days, almost reaching the end, but not quite. Suddenly, she jerks back and I blink my eyes open. â€Å"What's wrong?† Biting on her lip, she sits up and I lean back, giving her room as she slips her shirt and bra off and throws them on the floor. Locks of her auburn hair fall across her chest. Grinning, I move my lips for hers again, but she shakes her head and stands up on the bed, slipping her shorts and panties off and discarding them on the floor. I've seen her naked a couple of times over the week – and once when we were sixteen and she left her curtain open – but each time gets my adrenaline pumping. She kneels down in front of me and kisses me passionately, her nipples brushing against my chest. Her body is shaking in a way that means she's nervous. â€Å"Make love to me,† she whispers against my lips. I've been dreaming about those words leaving her lips since I was sixteen. â€Å"Are you sure?† She nods with a sparkle in her eyes. â€Å"Yeah, I'm sure.† I wait a few seconds longer to give her time to back out if she needs to. She remains silent and reaches for my shirt, helping me pull it over my head so I don't have to lift up my arm. Her fingers run across my tattoo, lyrics I wrote about her, although I don't think she knows it. Then her hands find the button on my jeans and she unfastens it. Deciding to help her out, I peel my jeans and boxers off. Grabbing a condom from my wallet, I lie her down and situate between her legs. â€Å"Are you sure you're sure?† I check again. Her auburn hair is spread across the pillow and the light above our heads reflects in her green eyes as she nods. â€Å"Micha, I'm more certain about this than I am about anything else in my life.† Suddenly, I get a little nervous. This is the first time I've ever been with someone I've cared about and it's going to be different. Mentally preparing myself, I slide into her slowly so I don't hurt her. Her legs promptly constrict around my hips and she squeezes her eyes shut. I give her a minute, letting her breathe through the pain. When she opens her eyes again, I push into her further. Her head tips back as she forces air in through her nose. I start rocking in and out of her. The pained expression slowly turns to ecstasy and her eyes gloss over. It's the most beautiful thing I've ever seen. Ella At first it hurts – more than I anticipated. I'm wondering what the big deal about sex is, when he starts rocking in and out of me, pushing in further and filling me with him. The pain eases away and all that's left is hunger. I secure my legs around his hips and open up to him as his lips cover mine. He kisses me fervently and I start coming undone, releasing all control of my body and mind. I let my head fall back as he sucks and nips on my neck and down to my breasts, before returning his lips to mine. Our skin covers in sweat as his movements become harder, thrusting deeper inside me. I scream out his name as a fire inflames within me and everything comes apart. Moments later, his movements become jerkier and then he stills. His head is tipped down and his warm breath caresses my neck. He places a kiss on my collar bone, then on my lips, finally looking at me and smoothing my hair back from my damp forehead. â€Å"I love you,† he whispers with a content expression. I smile at him as he carefully slips out of me. Then he holds me in his arms and we drift off to sleep, relaxed and satisfied. *** I wake up to Micha sitting on the bed in his boxers, playing his guitar, the tune â€Å"Behind Blue Eyes† by The Who. He's got his head tipped down as his fingers pluck away. Sitting up, I rub the tiredness out of my eyes while holding the sheet up to cover my chest. â€Å"Why are you playing your sad song?† I ask. He keeps singing, shutting his eyes, really getting into it. â€Å"It's not my sad song anymore.† His fingers keep playing. I tuck my legs under me and kneel up in front of him. â€Å"Since when?† â€Å"Since the night you opened up to me,† he says. â€Å"And it was playing over and over again. From now on, every time I hear this song, I'm going to think of you.† I shut my eyes and listen to him play a little longer, letting his beautiful voice flow over my skin. When he stops playing, I open them back up right as he yanks the sheet away from me. I scream and then laugh as he lays me back down and enfolds his body over mine. I kiss him passionately, giving extra attention to the ring in his lip. â€Å"I have to tell you something,† he says when I free his lip ring from my teeth. The sound in his voice makes me uneasy. â€Å"Okay†¦Ã¢â‚¬  He sighs and rakes his fingers through his hair. â€Å"I think I'm going to go on the road with Naomi and her band.† I sit up, shocked, and nearly bump foreheads with him. â€Å"Did she ask you to join?† â€Å"Yeah, a few weeks ago, but I told her I had to think about it.† He rolls to the side, bringing me with him and hitching my leg over his hip so I'm opened up and vulnerable to him. â€Å"I think this is something I have to do, otherwise I'll regret it for the rest of my life.† My mind is racing, but I force my voice to sound even. â€Å"When are you leaving?† He traces my cheekbone with his finger. â€Å"In a couple of days.† Shutting my eyes, I talk myself through it. I know I have to let him go because regrets do nothing but eat away on the inside. It's still hard, though. I force a small smile as I open my eyes. â€Å"Will you visit me in Vegas?† â€Å"Every single moment I get,† he says and seals his lips to mine. â€Å"I promise.†

Revolution in Communication

As a technology, it is called multimedia. As a revolution, it is the sum of many revolutions wrapped into one: A revolution in communication that combines the audio visual power of television, the publishing power of the printing press, and the interactive power of the computer. Multimedia is the convergence of these different professions, once thought independent of one another, coming together to form a new technological approach to the way information and ideas are shared. What will society look like under the evolving institutions of interactive multimedia technologies? Well, if the 1980†³s were a time for media tycoons, the 1990†³s will be for the self-styled visionaries. These gurus see a dawning digital age in which the humble television will mutate into a two-way medium for a vast amount of information and entertainment. We can expect to see: movies-on-demand, video games, databases, educational programming, home shopping, telephone services, telebanking, teleconferencing, even the complex simulations of virtual reality. This souped-up television will itself be a powerful computer. This, many believe, will be the world†s biggest media group, letting consumers tune into anything, anywhere, anytime. The most extraordinary thing about the multimedia boom, is that so many moguls are spending such vast sums to develop digital technologies, for the delivering of programs and services which are still largely hypothetical. So what is behind such grand prophecies? Primarily, two technological advances known as digitization (including digital compression), and fibre optics. Both are indispensable to the high-speed networks that will deliver dynamic new services to homes and offices. Digitization means translating information, either video, audio, or text, into ones and zeros, which make it easier to send, store, and manipulate. Compression squeezes this information so that more of it can be sent using a given amount of transmission capacity or bandwidth. Fibre-optic cables are producing a vast increase in the amount of bandwidth available. Made of glass so pure that a sheet of it 70 miles thick would be as clear as a window-pane, and the solitary strand of optical fibre the width of a human hair can carry 1,000 times as much information as all radio frequencies put together. This expansion of bandwidth is what is making two-way communication, or interactivity, possible. Neither digitization nor fibre optics is new. But it was only this year that America†s two biggest cable-TV owners, TCI and Time Warner , said they would spend $2 billion and $5 billion respectively to deploy both technologies in their systems, which together serve a third of America†s 60m cable homes. Soon, some TCI subscriptions will be wired to receive 500 channels rather than the customary 50; Time Warner will launch a trail full-service network in Florida with a range of interactive services. These two announcements signaled the start of a mad multimedia scramble in America, home market to many of the world†s biggest media, publishing, telecoms and computer companies, almost all of which have entered the fray. The reasons are simple: greed and fear: greed for new sources of revenue; fear that profits from current businesses may fall as a result of reregulation or cut-throat competition. Multimedia has already had a profound affect on how these businesses interact with one another. Mergers such as Time Warner, Turner Broadcasting, and Paramount have set the stage. These companies continue the race to be the first to lay solid infrastructure, and set new industry standards. Following in the shadows will be mergers between: software, film, television, publishing, and telephone industries, each trying to gain market share in the emerging market. So far, most firms have rejected the hostile takeovers that marked the media business in the 1980s. Instead, they have favored an array of alliances and joint ventures akin to Japan†s loose-knit Keiretsu business groupings. TCI†s boss, John Malone, evokes â€Å"octopuses with their hands in each other†s pockets-where one starts and the other stops will be hard to decide.† These alliances represent a model of corporate structure which many see as mere marriages of convenience, in which none wants to miss out on any futuristic markets. One may wonder how this race for market share and the merging of these corporations will affect them personally. Well, at this point and time, it is hard to say. However, there is some thought in the direction we are headed. The home market, which was stated earlier, has its origins based around early pioneers such as Atari, Nintindo, and Sega. These companies started with simple games, but as technology increased, it began to open up new doors. The games themselves are becoming more sophisticated and intelligent and are now offering some of the first genres capable of attracting and holding an adult audience. Just around the corner looms the promise of interactive television, which threatens to turn the standard American couch potato into the newly rejuvenated couch commando. Through interactive television, which will actually be a combination of the telephone, computer, and television, you will have access to shopping, movies, and other types of information on demand. As this technology increases, it will give way to a form that is known as virtual reality. Imagine, with the use of headgear, goggles, and sensory gloves, being able to actually feel and think you are in another place. For instance, going shopping at a mall could be done in the privacy of your own living room, by just strapping on your headgear. Another break through in the home market is video telephony. These are telephone systems that also broadcast video images. Imagine being able to communicate instantly with voice, picture, and text with a business colleague or a loved one thousands of miles away. Interactive multimedia systems promise to revolutionize education. In a complex world of constant change, where knowledge becomes obsolete every few years, education can no longer be something that one aquires during youth to serve for an entire lifetime. Rather, education must focus on instilling the ability to continue learning throughout life. Fortunately, the information-technology revolution is creating a new form of electronic, interactive education that should blossom into a lifelong learning system that allows almost anyone to learn almost anything from anywhere, at anytime. The key technology in future education is interactive multimedia. The purpose of multimedia in education as in so many other multimedia applications, is to: enhance the transfer of information, encourage participation, stimulate the senses and enhance information retention. Multimedia uses a powerful combination of earlier technologies that constitutes an extraordinary advance in the capability of machines to assist the educational process. Interactive multimedia combines computer hardware, software, and peripheral equipment to provide a rich mixture of text, graphics, sound, animation, full-motion video, data, and other information. Although multimedia has been technically feasible for many years, only recently has it become a major focus for commercial development. Interactive multimedia systems can serve a variety of purposes but their great power resides in highly sophisticated software that employs scientifically based educational methods to guide the student through a path of instruction individually tailored to suit the special needs of each person. As instruction progresses and intelligent systems are used, the system learns about the student†s strengths and weaknesses and then uses this knowledge to make the learning experience fit the need of that particular student. Interactive multimedia has several key advantages. First, students receive training when and where they need it. An instructor does not have to be present, so students can select the time best suited to their personal schedules. Second, students can adjourn training at any point in the lesson and return to it later. Third, the training is highly effective because it is based on the most powerful principles of individualized learning. Students find the program interesting, so they stick with it. Retention of the material learned is excellent. Fourth, the same videodisk equipment can be used to support a variety of training paths. Last, both the training and the testing are objectively and efficiently measured and tracked. Educational systems of this type, offered by IBM under the product labeled Ultimedia, engage students in an interactive learning experience that mixes color movie, bold graphics, music, voice narration, and text; for instance, the program Columbus allows students to relive the great navigator†s voyages and explore the New World as it looked when Columbus first saw it. The ability to control the learning experience makes the student an active rather than a passive learner. Other common systems include Sim City, Carmen San Diego, and a variety of popular multimedia games created by Broderbound Softwarek, one of the biggest companies in this new field. Rather than old drill and kill forms of computerized instruction that bore students, this new entertaining form of education is far more effective precisely because kids get totally immersed in an exciting experience. Classroom computers with multimedia capabilities seem to have sky-rocketed in every faucet of the education arena. From pre-schoolers to college students, learning adapting to this multimedia craze was not hard to do. Teachers and Professors alike share in this technology to plan out their curricular schedules and school calendar. Most will agree that classroom computers seem to have a positive effect on students of the 90†³s. As schools and universities become more technology driven, there will be an even bigger plea for more multimedia enhancements. The 1980†³s witnessed the introduction and widespread use of personal computers at all levels of schooling. During the decade the number of computers used in U.S. elementary and secondary schools increased from under 100,000 to over 2.5 million. A majority of students now use computers and computer software sometime during the school-year, either to learn about computers or as a tool for learning other subjects. By the end of the decade, the typical school had 1 computer per 20 students, a ration that computer educators feel is still not high enough to affect classroom learning as much as books and classroom conversion do.

Ratio Analysis on Different Pharmaceuticals in Bangladesh Essays

Ratio Analysis on Different Pharmaceuticals in Bangladesh Essays Ratio Analysis on Different Pharmaceuticals in Bangladesh Paper Ratio Analysis on Different Pharmaceuticals in Bangladesh Paper Table of Content 1. Letter of transmittal†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦03 2. Introduction †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦04 3. Ratio Analysis†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 06 4. Liquidity†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦07 i. Current ratio†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦08 ii. Quick Ratio†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 09 5. Asset management†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 10 iii. Inventory turnover†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦11 iv. Days sales outstanding (DSO)†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚ ¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦12 v. Fixed asset turnover†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦13 vi. Total assets turnover†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦14 6. Debt management†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 15 vii. Total debt to total assets†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦16 viii. Times-interest-earned (TIE)†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦17 ix. EBITDA coverage†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦18 7. Profitability†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 19 x. Profit margin on sales†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦20 xi. Basic earning power (BEP)†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦21 xii. Return on total assets (ROA)†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦22 xiii. Return on common equity (ROE)†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦23 8. Market value†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 24 xiv. Price/earning (P/E)†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â ‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦25 xv. Price/cash flow†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦26 xvi. Market/book (M/B)†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦27 9. Overall Financial Summary†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 28 10. Balance sheet, cash follow and income statement of BEXIMCO LTD 11. Balance sheet, cash follow and income statement of SQUARE LTD 12. Balance sheet, cash follow and income statement of Renata LTD Acknowledgements At first our thanks goes to Mr. S. M. Abdus Shakur, Lecturer, School of Business, Presidency University, for giving us the responsibility to prepare this report which we found to be a rather interesting topic to work on, and for the help to prepare the report as well. We got help from many people in the context of preparing this report and some of the persons have been very helpful and cooperative with information and suggestions. And lastly, we would like to thank each other, means the group members for helping each other whenever we have to get help. Introduction: Financial Ratio Analysis is a tool used by individuals to conduct a quantitative analysis of information  in a companys financial statements. Ratios are  calculated from current year numbers and are then compared to previous years, other companies, the industry, or even the economy to judge the performance of the company. Ratio analysis is predominately used by proponents of fundamental analysis. Financial ratios are designed to help one evaluate financial statement and by comparing the results it must pay to the income it has available for payment such comparisons are made by ratio analysis. Here we take three companies from the same industry to analyze their financial statement and we also compare the findings with the total pharmaceuticals industry average. The companies name we took are- 1. BEXIMCO PHARMACEUTICALS LIMITED. 2. SQUARE PHARMACUTICALS LTD. 3. RENATA LIMITED. 4. AMBEE PHARMACEUTICALS LTD. Ratio Analysis Financial ratios are useful indicators of a firms performance and financial situation. Financial ratios can be used to analyze trends and to compare the firms financials to those of other firms. Financial ratios can be classified according to the information they provide. The following types of ratios frequently are used: 1. Liquidity ratios 2. Asset management ratios 3. Debt management ratios 4. Profitability ratios 5. Market value ratios LIQUIDITY RATIOS Liquidity ratios are the first ones to come in the picture. These ratios actually show the relationship of a firm’s cash and other current assets to its current liabilities. Two ratios are discussed under Liquidity ratios. They are: 1. Current ratio 2. Quick/ Acid Test ratio. 1. Current ratio: This ratio indicates the extent to which current liabilities are covered by those assets expected to be converted to cash in the near future. Current assets normally include cash, marketable securities, accounts receivables, and inventories. Current liabilities consist of accounts payable, short-term notes payable, current maturities of long-term debt, accrued taxes, and other accrued expenses (principally wages). Current Ratio = Current Assets/Current Liabilities BEXIMCO =28618916542602032267 1. 10 times Square=44118364363500845103 =1. 26 times Renata=988092820717068650 =1. 38 times Ambee=218724505222145758 =0. 985 times Industry average=1. 18 times 2. Quick/ Acid Test ratio: This ratio indicates the firm’s liquidity position as well. It actually refers to the extent to which current liabilities are covered by those assets except inventories. Quick Ratio = (Current Assets-Inventories)/Current Liabilities BEXIMCO =28 61891654-15052880932602032267 =1. 04 times Square=4411836436-20267363223500845103 =1. 20 times Renata=988092820-959414590717068650 =0. 04 times Ambee=218724505-135899190222145758 =0. 37 times Industry Average=0. 66 times ASSET MANAGEMENT RATIOS Asset management ratios are the financial statement ratios that measure how effectively a business uses and controls its assets. Below are discussed five types of asset management ratios: 1. Inventory turnover ratio 2. The day’s sales outstanding 3. Fixed asset turnover ratio 4. Total asset turnover ratio 1. Inventory turnover ratio: The ratio is regarded as a test of efficiency and indicates the rapidity with which the company is able to move its merchandise. Inventory turnover ratio = Gross Turnover / Inventories BEXIMCO = 40101670591505288093 =2. 66 times Square= 82310975252026736322 =4. 06 times Renata=3089746417959414590 =3. 22 times Ambee=240726296135899190 =1. 77 times Industry Average=2. 93 times 2. The Days Sales Outstanding: The Days Sales Outstanding ratio shows both the average time it takes to turn the receivables into cash and the age, in terms of days, of a companys accounts receivable. This ratio is of particular importance to credit and collection associates. Days Sales Outstanding (DSO) = Trade Debtors/ (Annual gross turnover/365) BEXIMCO =5039164014010167059/365 =19. 23 Days Square=3602456469565715902/365 =13. 75 Days Renata=3442269333089746417/365 =40. 66 Days Ambee= 38179778240726296/365 =57. 89 days Industry Average=32. 88 days 3. Fixed asset turnover ratio: The Fixed Asset Turnover ratio measures the effectiveness in generating Net Sales revenue from investments in Net Property, Plant, and Equipment back into the company evaluates only the investments. Fixed assets turnover ratio (FATO) = Gross Turnover / Net fixed assets Beximco=401016705911957773787 =0. 34 times Square=82310975258291290984 =0. 99 times Renata=30897464771656161962 =1. 87 times Ambee=24072629660695282 =3. 97 times Industry Average=1. 79 times 4. Total asset turnover ratio: The Total Asset Turnover is similar to fixed asset turnover since both measures a companys effectiveness in generating sales revenue from investments back into the company. Total Asset Turnover evaluates the efficiency of managing all of the companys assets. Total assets turnover ratio (TATO) = Gross Turnover/Total Assets Beximco=401016705914819665441 0. 27 times Square=825784373912703127420 =0. 65 times Renata=30897464173162232934 =0. 98 times Ambee=24072629657247033 =4. 21 times Industry Average=1. 53 times DEBT MANAGEMENT RATIOS Debt management ratios reveal 1) the extent to which the firm is financed with debt and 2) its likelihood of defaulting on its debt obligations. These ratios include: 1. Debt ratio, 2. Times-Interest-Earned (TIE) ratio, 3. EBITDA Coverage . 1. Debt ratio: The ratio of total debt to total assets, generally called the debt ratio, measures the percentage of funds provided by the creditors. Debt ratio = Total Debt / Total Assets Beximco=436946329614819665441 =29 % Square=428608671512703127420 =34 % Renata=15001595773162232934 =47 % Ambee= 4800990157247033 =83% Industry Average=48. 25% 2. Times-Interest-Earned (TIE) ratio: This ratio measures the extent to which operating income can decline before the firm is unable to meet its annual interest cost. EBIT = Earnings before Interest and Tax TIE ratio = EBIT / Interest Charges Beximco=963775308249654298 =3. 86 times Square=2908395181397135963 =7. 32 times Renata=69719063387270665 =7. 99 times Ambee =78642302395026 3. 28 times Industry Average=5. 61 times 3. The EBITDA coverage ratio: The EBITDA coverage ratio shows if earnings are able to satisfy all financial obligations including leases and principal payments. (EBITDA is short for earnings before interest, taxes, depreciation, and amortization. ) EBITDA Ratio = EBITDA + Lease Payment/ Interest + Principal Payment + Lease Payment Beximco=963775308+5887353+30993608+10302868 249654298+3556423568 =0. 29 times Square=2908395181+454290404+57334928+140936267397135963+2279693991 =0. 56 times Renata=697190633+1628151487270665 =1. 17 times Ambee=7864230+9614002395026+0+7864230 =0. 86 times Industry Average=0. 72 times PROFITIBILITY RATIO: Profitability is the net result of a number of policies and decisions. Profitability ratios show the combined effects of liquidity, asset management and debt on operating results. There are four important profitability ratios that we are going to analyze: 1. Profit Margin on sales 2. Basic Earning power (BEP) 3. Return on Asset 4. Return on Equity 1. Profit Margin on Sales: Profit Margin on Sales gives us the net profit that the business is earning per dollar of sales. The equation is as follows: Profit margin on Sales = Net income available to the stockholders / Sales Beximco=5453412734010167059 =13. 6 % Square=13818630938257843739 =16. 7 % Renata=4331458043089746417 =14 % Ambee=6347155240726296 =2. 64% Industry Average=11. 735% 2. Basic Earning Power (BEP): The ratio indicates the ability of the firm’s assets to generate operating income. The equation is as follows: Basic Earning Power = EBIT / Total Assets Beximco=96377530814819665441 =6. 5 % Square=290839518112703127420 =22. 9 % Renata=6971906333162232934 =22 % Ambee=786423057274033 =13. 3% Industry Average=16. 28% 3. Return on Total Assets (ROA): Return of total asset measures the amount of Net Income earned by utilizing each dollar of Total Assets. The equation is: Return on Total Assets (ROA) = Net income available to total common shareholders / Total assets Beximco=54534127314819665441 =3. 7 % Square=138186309312703127420 =10. 9 % Renata=4331458043162232934 =13. 7 % Ambee=63471555727 4033 =11. 08% Industry Average=9. 85% 4. Return on Equity (ROE): Return on Equity measures the amount of Net Income earned by utilizing each dollar of Total common equity. It is the most important of the â€Å"Bottom line† ratio. By this, we can find out how much the shareholders are going to get for their shares. The equation is: Return on Equity (ROE) = Net income available to common shareholders / Total common equity Beximco=54534127310450202145 =5. 2% Square=13818630938417040705 =16. 4% Renata=433145804155075461 =2. 79% Ambee=634715546527981 =13. 64% Industry Average=9. 51% MARKET VALUE RATIOS The final group of ratios, the market value ratios relates the firm’s stock price to its earnings, cash flow and book value per share. These ratios give management an indication of what investors think of the company’s past performance and future prospects. In this section, we are going to have a discussion mainly on three types of ratios: 1. Price/Earnings Ratio 2. Price/ Cash flow Ratio 3. Market/ Book Ratio 1. Price/ Earnings ratio: The Price/ Earnings ratio (price-to-earnings ratio) of a stock is a measure of the price paid for a share relative to the income or profit earned by the firm per share. P/E ratio = Price per share / earnings per share Beximco=104. 33 =2. 309 times Square=100114. 47 =0. 87 times Renata=100374. 44 =0. 267 times Ambee=103. 17 =3. 15 times Industry Average=1. 65 times 2. Price/ Cash Flow ratio: This ratio indicates the amount investors will pay for Tk. 1 of cash flow. The equation for this ratio is shown below: Price/ Cash flow ratio = Price per share/Cash flow per share Beximco=10(545341+147183829)/1045020214 =70. 73 times Square=100(1381863093+652561599)/18170407 =1. 11 times Renata=100(433145804+16281514)/1156787 =3. 88 times Ambee= 10(6347155+57274033)/46527981 =7. 31 times Industry Average=20. 6 times 3. Market/ Book ratio: The ratio of stock’s market price to its book value. The Equation is: Market/Book ratio (M/B) = Market price per share / Book value per share Beximco=167. 7104502021451045020214 =16. 77 times Square=3151. 258417040705/18170407 =6. 80 times Renata=7789. 75115678700/1156787 =77. 89 times Ambee=12910 =12. 9 times Industry Average=28. 59 times OVERALL FINANCIAL SUMMARY After analyzing all the ratios, we have found out the following information: 1. Liquidity Ratios: In the liquidity ratio we can see that both current atio and quick ratio is good in average for Square comparing with the industry average. Renata’s current ratio is quite well, but it seems that the company has too much inventories, so, the quick ratio got lower. 2. Asset Management Ratios: for the asset management ratios, we can see that for the first two, Square is in a good shape. But for the asset turnover ratios, Ambee plays a good role. Meaning that Square is good in turning its current assets to liquidity, and Ambee is good at moving its long term assets to liquidity. 3. Debt Management Ratios: in Debt management ratio analysis, we can see that for debt ratio and TIE ratio, both Beximco is in a good shape on an average. Bot for the EBITDA Coverage ratio, Renata does the best. But, as a whole, we can say that Beximco is quite good in managing its debt. 4. Profitability Ratios: for the profitability ratios, we can see that square is very good at both Profit margin on sales, and BEP ratios. At ROA, Square is okay, but Renata and Ambee are very good. Again for ROE, Square is extra ordinarily good. So, we can say that Squrae is very good at managing and earning profit. 5. Market Value Ratios: here we see that for the first two analyses, Beximco’s market value is higher, but for the last one, renata’s valu is higher, but Beximco’s was okay. So, we can say that in terms of market value, Beximco is good on average. From the total analysis, we can summarize that Square Pharmaceuticals Ltd and Beximco Pharmaceuticals Ltd have been doing pretty good throughout the years. It is true that for some cases both the companies are in an okay shape, but it is still pretty much satisfactory. Therefore, we can conclude that both Square Pharmaceuticals Ltd and Beximco Pharmaceuticals Ltd are good enough company to invest on.

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