Eastern Philosophy vs. Western Realism Essays

Eastern Philosophy vs. Western Realism Essays Eastern Philosophy vs. Western Realism Paper Eastern Philosophy vs. Western Realism Paper Where people are born seems to have tremendous Influence upon how they think. After reading both the philosophies of Ala-Thus and the Buddha, I can say they are very different from what I have learned growing up In the States. It seems that both of these teachings of eastern thought have many of the same ideas. Both Ala-Thus and the Buddha seem to believe that a simple life is more efficient. They suggest that people should provide for themselves only the necessities and not worry about luxury or power and prestige. In their writings, they say that rulers of a society would let people control their own actions and only intervene when absolutely necessary. After living under a capitalist democracy for all of my nineteen years, I must say their philosophies would be difficult to adapt to. Our society rewards hard work and initiative; we are taught to strive for success. Eastern philosophy doesnt seem realistic because It goes against the Initiative In human nature. It seems people would have to go against their emotions to follow these eastern teachings. The first discrepancy I see In eastern philosophy Is their thoughts on the roles of a societys leader. It seems that they play the part of a referee In a football game; they only Intervene when someone does something wrong. They dont really show their authority unless it is completely necessary. In western thought, a leader is there to set laws and make decisions that will directly affect those under them. Teddy Roosevelt promoted himself as the President who, Spoke softly but carried a big stick, which is a prime example of the emphasis placed on power in western thought. It seems to me that with all the laws we have, we have a great amount of people who break them. I think if we lived under a system based on eastern philosophy, with less Evans 2 authority given to those In power, we would see a large Increase In crime. I dont think society as a whole would be able to handle being ruled so unobtrusively because of the malicious tendencies many people have naturally. People need certain boundaries if chaos is going to be avoided. Ala-thus and the Buddha also seem to promote a system of equality in their teachings. Ala-thus says that the success of the rich provides for the downfall of the poor and he seems to think that the upper class corrupts society (stanza 34, peg. 5). They think that if people arent concerned with prosperity, they will be much more content. This seems to go against everything I have ever learned; in western philosophy people are very concerned with success. People work hard to go to good schools, and then they work hard in school to get better Jobs. Nothing in western society comes easy; If you want to accomplish something, It takes hard work. It seems to me that this Is a much better policy than that of eastern thought. Western society seems to be based on a survival of the fittest system, while easterners believe In savageness and equal opportunity. Their system would require people to hold back, to settle Tort second nest; It doesnt seem to play to ten nature AT unmans well. Do people prefer doing things that dont come naturally? Of course not, we want to be able to follow our emotions; we want to fulfill our inner needs. If we were forced to give up the opportunities of success and power, what would we live for? Eastern philosophy suggests that people shouldnt want anything more than they have. How could we survive if we have nothing to work for?

The Iranian Revolution of 1979

The Iranian Revolution of 1979 People poured into the streets of Tehran and other cities, chanting Marg bar Shah or Death to the Shah, and Death to America! Middle-class Iranians, leftist university students, and Islamist supporters of Ayatollah Khomeini united to demand the overthrow of Shah Mohammad Reza Pahlavi. From October of 1977 to February of 1979, the people of Iran called for the end of the monarchy - but they didnt necessarily agree on what should replace it. Background to the Revolution Shah Reza Pahlevi, returning to Iran after a week-long exile due to the failled Mohamed Mossadegh coup detat.   Bettmann/Getty Images In 1953, the American CIA helped to overthrow a democratically elected prime minister in Iran and restore the Shah to his throne. The Shah was a modernizer in many ways, promoting the growth of a modern economy and a middle class, and championing womens rights. He outlawed the chador or hijab (the full-body veil), encouraged education of women up to and including at the university level, and advocated employment opportunities outside the home for women. However, the Shah also ruthlessly suppressed dissent, jailing and torturing his political opponents. Iran became a police state, monitored by the hated SAVAK secret police. In addition, the Shahs reforms, particularly those concerning the rights of women, angered Shia clerics such as Ayatollah Khomeini, who fled into exile in Iraq and later France beginning in 1964. The US was intent on keeping the Shah in place in Iran, however, as a bulwark against the Soviet Union. Iran borders on the then-Soviet Republic of Turkmenistan  and was seen as a potential target for communist expansion. As a result, opponents of the Shah considered him an American puppet. The Revolution Begins Throughout the 1970s, as Iran reaped enormous profits from oil production, a gap widened between the wealthy (many of whom were relatives of the Shah) and the poor. A recession beginning in 1975 increased tensions between the classes in Iran. Secular protests in the form of marches, organizations, and political poetry readings sprouted all across the country. Then, late in October of 1977, the Ayatollah Khomeinis 47-year-old son Mostafa died suddenly of a heart attack. Rumors spread that he had been murdered by the SAVAK, and soon thousands of protesters flooded the streets of Irans major cities. This uptick in demonstrations came at a delicate time for the Shah. He was ill with cancer and seldom appeared in public. In a drastic miscalculation, in January of 1978, the Shah had his Information Minister publish an article in the leading newspaper that slandered Ayatollah Khomeini as a tool of British neo-colonial interests and a man without faith. The next day, theology students in the city of Qom exploded in angry protests; security forces put down the demonstrations but killed at least seventy students in just two days. Up to that moment, the secular and religious protesters had been evenly matched, but after the Qom massacre, the religious opposition became the leaders of the anti-Shah movement. Ahmad Kavousian/Getty Images   In February, young men in Tabriz marched to remember the students killed in Qom the previous month; the march turned into a riot, in which the rioters smashed banks and government buildings. Over the next several months, violent protests spread and were met with increasing violence from security forces. The religiously-motivated rioters attacked movie theaters, banks, police stations, and nightclubs. Some of the army troops sent in to quell the protests began to defect to the protesters side. The protesters adopted the name and image of Ayatollah Khomeini, still in exile, as the leader of their movement; for his part, Khomeini issued calls for the overthrow of the Shah. He spoke of democracy at that point, as well, but would soon change his tune. The Revolution Comes to a Head In August, the Rex Cinema in Abadan caught fire and burned, probably as a result of an attacked by Islamist students. Approximately 400 people were killed in the blaze. The opposition started a rumor that the SAVAK had started the fire, rather than the protesters, and anti-government feeling reached a fever pitch. Chaos increased in September with the Black Friday incident. On September 8, thousands of mostly peaceful protesters turned out in Jaleh Square, Tehran against the Shahs new declaration of martial law. The Shah responded with an all-out military attack on the protest, using tanks and helicopter gun-ships in addition to ground troops. Anywhere from 88 to 300 people died; opposition leaders claimed that the death toll was in the thousands. Large-scale strikes rocked the country, virtually shutting down both the public and private sectors that autumn, including the crucial oil industry. kaveh Lazemi/Getty Images On Nov. 5, the Shah ousted his moderate prime minister and installed a military government under General Gholam Reza Azhari. The Shah also gave a public address in which he stated that he heard the peoples revolutionary message. To conciliate the millions of protesters, he freed more than 1000 political prisoners and allowed the arrest of 132 former government officials, including the hated former chief of the SAVAK. Strike activity declined temporarily, either out of fear of the new military government or gratitude for the Shahs placatory gestures, but within weeks it resumed. On December 11, 1978, more than a million peaceful protesters turned out in Tehran and other major cities to observe the Ashura holiday and call for Khomeini to become Irans new leader. Panicking, the Shah quickly recruited a new, moderate prime minister from within opposition ranks, but he refused to do away with the SAVAK or release all political prisoners. The opposition was not mollified. The Shahs American allies began to believe that his days in power were numbered. Fall of the Shah On Jan. 16, 1979, Shah Mohammad Reza Pahlavi announced that he and his wife were going abroad for a brief vacation. As their plane took off, jubilant crowds filled the streets of Irans cities and began tearing down statues and pictures of the Shah and his family. Prime Minister Shapour Bakhtiar, who had been in office for just a few weeks, freed all political prisoners, ordered the army to stand down in the face of demonstrations and abolished the SAVAK. Bakhtiar also allowed Ayatollah Khomeini to return to Iran and called for free elections.   michel Setboun/Getty Images Khomeini flew into Tehran from Paris on Feb. 1, 1979 to a delirious welcome. Once he was safely inside the countrys borders, Khomeini called for the dissolution of the Bakhtiar government, vowing I shall kick their teeth in. He appointed a prime minister and cabinet of his own. On Febr. 9-10, fighting broke out between the Imperial Guard (the Immortals), who were still loyal to the Shah, and the pro-Khomeini faction of the Iranian Air Force. On Feb. 11, the pro-Shah forces collapsed, and the Islamic Revolution declared victory over the Pahlavi dynasty. Sources Roger Cohen, 1979: Irans Islamic Revolution, New York Times Upfront, accessed February 2013.Fred Halliday, Irans Revolution in Global History, OpenDemocracy.net, March 5, 2009.Iranian Civil Strife, GlobalSecurity.org, accessed February 2013.Keddie, Nikki R. Modern Iran: Roots and Results of Revolution, New Haven, CT: Yale University Press, 2006.

INFORMATION SOCIETY & INFORMATION ECONOMY Essay - 1

INFORMATION SOCIETY & INFORMATION ECONOMY - Essay Example These channels have been reported to have coverage to 33.3 million to 47.8 million households from year 1997-2002. They are available through cable, satellite and digital platforms. Transnational channels allow companies to have a platform where they can expand their sales and brands internationally (Collison 2002; Chalaby 2003). The study aims to comprehensively review what transnational television is, its benefits, challenges and impact on globalisation, specifically in the United Kingdom. It will also critically analyze transnational television-related literatures available in peer-reviewed journals. Lastly, the study will review convergence theories that will help provide a deeper understanding of the phenomenal widespread of transnational television. The United Kingdom has seen dramatic changes in television since the 1980s, from the increase in demand for televisions to the increase in the number of networks and programmes (OECD 1997). Changes and transformation in media, specifically television, is commonly characterised by the following: emergence of megaglobal companies which resulted from acquisitions and mergers; privatization of media companies; less restriction on foreign ownership; corporate investments on new advancements in technology such as satellite and cable; and transnationalisation of advertisements (Jin 2007). Acquisitions and mergers are commonly demonstrated by large companies who have the means to expand. Instead of forming and constructing their own, they just merge or acquire and use the machinery and technology of smaller companies. Digital Revolution. The Digital revolution started in 1984 when Apple introduced Mac to the world, commonly characterised by the user-friendly graphics and unique page design and layout tool. The focus in terms of information infrastructures has been on broadband satellite systems, one of which is

An Intelligence View of Music Education Essay Example | Topics and Well Written Essays - 3250 words

An Intelligence View of Music Education - Essay Example This certainly puts a whole new perspective on music education. Parents and teachers can now understand the great potential that resides un-explored in the mind of a child and know that music holds the key to unlock that potential. The narrative style is very simple and easy to follow. That is another achievement by Dr Harvey as he has spared us the high-sounding, difficult to pronounce technical jargon associated with brain studies. Sequential details make it easy to follow the chronology of development in this field. The under-tone of the article is that after knowing the unique qualities of music education, it does not have to remain an "extra-curricular" activity. As Ives said, "Music expands my mind and challenges me to be a true individual". That is good enough reason to make music education a part of education curriculum. Research Proposal Music Education - Just Arts or Smarts "Music is about communication, creativity, and cooperation, and, by studying music in school, students have the opportunity to build on these skills, enrich their lives, and experience the world from a new perspective". These words of former President Bill Clinton sum up the point of view of music education proponents. The advocates of music education consider music education essential for development of both intellectual and aesthetic faculties. Several studies have confirmed that music directly enhances learning through increased spatial development. Math and reading are improved by learning rhythms and decoding notes and symbols. So there appears to be cross disciplinary learning in music.[1]. On the internet, www.childrenmusicworkshop.com is a strong advocate of music education. They say that, "it is...â€Å"Music is about communication, creativity, and cooperation, and, by studying music in school, students have the opportunity to build on these skills, enrich their lives, and experience the world from a new perspective†. These words of former President Bill Clinton sum up the point of view of music education proponents. The advocates of music education consider music education essential for development of both intellectual and aesthetic faculties. Several studies have confirmed that music directly enhances learning through increased spatial development. Math and reading are improved by learning rhythms and decoding notes and symbols. So there appears to be cross disciplinary learning in music.[1]. On the internet, www.childrenmusicworkshop.com is a strong advocate of music education. They say that, â€Å"it is an anomaly that while music is undermined in our public schools as a legitimate subject for serious study, there is a rise in the body of research demonstrating that music is a valuable tool for educators. Those who consider music to be an extra-curricular activity unworthy of inclusion as a core subject are overlooking the unique qualities that music instruction provides to all children†. [2]. In the words of Dr Arthur Harvey of the University of Hawaii (Manoa) :- â€Å"Three major developments in recent years have strengthened our position in promoting music as a significant and research supported discipline that ought to be the core of the curriculum.

Essay --

(National Project Global Dimensions & Hofstede Dimensions Power Distance: †¢ El Salvador occupies an intermediate to high position on this dimension. Remnants of El Salvador ´s authoritarian past linger on in diverse fields. Organisational arrangements show taller pyramids and low degrees of delegation. Status symbols are used to underline power differences, though less than in the past. Performance Orientation: †¢ People of El Salvador rate high in Performance Orientation. Leader is charismatic/value-based but somewhat self-serving, collaborative, & inspiring. Humane Orientation: †¢ Humane Orientation rate is average as they are constantly developing Assertiveness: †¢ High on assertiveness. Uncertainty Avoidance: †¢ El Salvador rates high on this and so do the majority of Latin American countries that belonged to the Spanish kingdom. These societies show a strong need for rules and elaborate legal systems in order to structure life. Bureaucracy is very time consuming in El Salvador, documentation, need for stamps and written instructions are important. They are rather conservative...

Report on Lease Financing

[pic] [pic] Course code: F-201 Course title: Financial accounting -2 Submitted to: Tahmina Akter Lecturer Department of Finance University of Dhaka Submitted by: Name | | | |Roll | | | |Section | | | |Md. Mostafa Kamal | | | |16-058 | | | |B | | | |Md. Sakib Bin Abdul Hannan | | | |16-096 | | | |B | | | |Md. Mehdi Hasan | | | |16-112 | | | |B | | | |Parvaj Mosaraf | | | |16-140 | | | |B | | | |Belal Hossain | | | |15-132 | | | |B | | | BBA 16th Batch Department of Finance University of Dhaka Date of Submission: 26-05-2011 Letter of Transmittal Date: 26th May, 2011. To Tahmina Akter Lecturer Department of Finance University of Dhaka Subject: Submission of report â€Å"A Report on Lease Financing†. Dear Madam, We are pleased to submit the report you have assigned to us. The report paper was to prepare the term paper on the course named â€Å"Financial Accounting-2† Course # F –201, as a part of our academic activities. This is the report on â€Å"A Report on Lease Financing†. The report reviews that how leasing company leases equipment. And we have focused a specific lease agreement of United Leasing Company with Delta Pharma Limited to have the real experience. We tried our best to prepare this report a fault free, but it is not possible. We hope that you will take any mistake with kind consideration. Thank you. Sincerely Mostafa Kamal (On behalf of the group-) Contents Acknowledgement This report entitled â€Å"A Report on Lease Financing† is submitted as the requirement of a part of the study of â€Å"Financial Accounting-2† in the BBA program conducted by Department of Finance, University of Dhaka. To prepare this report an intensive study was made covering various terminologies with the help of books named â€Å"Intermediate Accounting by Donald E. Kieso and Weygandt†. At first we want to pay our gratitude to all mighty Allah for preparing the report successfully. We are extremely grateful to our honorable course teacher Tahmina Akter, lecturer, Department of Finance, University of Dhaka for her painstaking guidance, suggestion and all type of support & supervision to prepare this report. She continuously reminded us for the preparation of this report paper and finally gave a out-line to write down the paper spending her valuable time. Without her untiring efforts, completion of this report paper would have been impossible. We like to give thanks especially to our friends and many individuals, for their enthusiastic encouragements and helps during the preparation of this report us by sharing ideas regarding this subject and for their assistance in typing and proof reading this manuscript. Executive Summary Lease financing is the most important issue that determines the direction of financial behavior in an organization, a financial level of effort, and the organization’s level of persistence in the face of obstacles of other types of financing. Now-a-days lease financing is the most emphasized topic to any challenging institution or organization to develop their financial resources as well as profit maximization or maximization of owner’s equity. Lease financing is so central to management because it explains why it is better for the organization to gather financially solvency by lease financing. By lease financing an organization can reach its specific destination. If an organization has effective lease financing efficiency it can survive & develop quickly than others. At first an organization considers lease financing and other financing cooperatively with one another then it takes decision to apply lease financing or other financing whichever is best. If other financing is the best than the lease financing then it will be selected, not lease financing. So from this comment it will be clear that lease financing must be selected it is not necessary. So which is the best is considerable matter. Background of the Report As a Part of Financial Accounting-2 course, we have prepared this report. Our course teacher, Tahmina Akter, instructed us to prepare a report on â€Å"Lease Financing†. We have made a detailed and critical analysis on the topic-All the five members of our group provided their sincerity and serious effort to prepare this term paper and the term paper submitted today – 26th May, 2011. Objective of the Report The main objective of our term paper is to show the lease agreement of a leasing company. We have study about advantage of leasing, various features of leasing but while preparing this report we have understood how leasing is important for company. Methodology and sources of information The term paper is written by using secondary resources. To prepare this term paper I have taken the help of numerous books, computer lab of business faculty of university of Dhaka. In this term paper I sorted information shortly and to collect information we went to computer lab and central library of Dhaka University. Besides I have also collected information through numerous sources such as The Daily Star and other daily news papers, journals etc. INTRODUCTION A lease is a contract whereby the owner of an asset (the lessor) grants to another party (the lessee) the exclusive right to use the asset in return for the payment of rent. Lease financing in Bangladesh means financing according to the methods of lease in Bangladesh. Sometimes it is more acceptable than others financing. Actually it is more profitable in some special sectors where other financing will be less profitable than lease financing. Most of us are familiar with lease of apartments, cars, and telephones. Bangladesh is a developing country, so lease financing is not very easy to apply here. In spite of these problems there are many sectors where lease financing is strictly applied. The key difference between a finance lease and an operating lease is whether the lessor (the legal owner who rents out the assets) or lessee (who uses the asset) takes on the risks of ownership of the leased assets. The classification of a lease (as an operating or finance lease) also affects how it is reported in the accounts. The classification of large transactions, such as sale and leasebacks of property, may have a significant effect on the accounts and on measures of financial stability such as gearing. However, it is worth remembering that an improvement in financial gearing may be offset by a worsening of operational gearing and vice-versa. Leasing: A lease is a contractual agreement between two parties establishing an arrangement for the use of an asset in return for periodic payments by the user. In a lease arrangement: ? The lessor is the asset owner, who receives the periodic payments. ? The lease makes the payments to the lessor in return for using the asset. Types of leases: All leases can be categorized broadly as either operating or financial leases. In turn, financial leases can be categorized into specific types. We will discuss the various types of leases below. Operating leases: An operating lease is a short-term, cancelable lease. A simple example of an operating or service lease is a lease for telephone service. Financial leases: A financial lease is typically a long term, no cancelable lease- the opposite of an operating lease. At the termination of the lease contract, the lessee often can either renew the lease or purchase the asset. Features of operating leases: 1. The lease is cancelable by the leasee prior to its expiration. 2. The lessor provides service, maintenance, and insurance. 3. The sum of all the lease payments by the lesee does not necessarily fully provide for the recovery of the asset’s cost. Features of financial leases: 1. The lease is not cancelable by the lessee prior to its expiration date. 2. The lessee is typically responsible for service, maintenance, and insurance for the asset. 3. The asset is fully amortized over the life of the lease. Financial leases can be divided into two basic forms: 1. Direct lease: In the straightforward arrangement, the firm leases an asset it did not previously own. The firm simultaneously signs the lease agreement with the lessor and orders the equipment from the manufacturer. The lessor pays for the equipment, which is sent to the firm. The firm makes lease payments to the lessor based on a lease agreement worked out by the two parties. If the direct lease is from the manufacturer, then the manufacturer and the lessor are one and the same. 2. Sale and leaseback: In this arrangement the firm sells an asset it currently owns and then leases the same asset from the buyer. Lease payments are set to return the full purchase price plus a rate of return deemed reasonable. The advantage to the lessee is that it allows the firm to continue using the asset while providing cash that can be used elsewhere. It has become increasingly more common in recent years for companies to lease equipment. Each leasing agreement needs to be read through carefully to understand the terms and conditions within said lease. Typically a lease can run anywhere from one to five years. Most equipment necessary in commercial businesses today, including technical equipment, can be leased. Some leases provide an option to then purchase the equipment at substantially less money when at the end of the term of the lease. By leasing equipment, if structured properly, you can maintain your credit availability, as the lease debt does not have to be considered a direct liability on your financial statements. This is advantageous, as it does not limit your ability to borrow from lending sources. Advantages of lease financing: ? It offers fixed rate financing; you pay at the same rate monthly. ? Leasing is inflation friendly. As the costs go up over five years, you still pay the same rate as when you began the lease, therefore making your dollar stretch farther. (In addition, the lease is not connected to the success of the business. Therefore, no matter how well the business does, the lease rate never changes. ) ? There is less upfront cash outlay; you do not need to make large cash payments for the purchase of needed equipment. ? Leasing better utilizes equipment; you lease and pay for equipment only for the time you need it. ? There is typically an option to buy equipment at end of lease term. ? You can keep upgrading; as new equipment becomes available you can upgrade to the latest models each time your lease ends. ? Typically, it is easier to obtain lease financing than loans from commercial lenders. ? It offers potential tax benefits depending on how the lease is structured. One of the reasons for the popularity of leasing is the steady stream of new and improved technology. By the end of a calendar year, much of your technology will be deemed â€Å"dinosaurs. The cost of continually buying new equipment to meet changing and growing business needs can be difficult for most small businesses. For this reason leasing is very advantageous. Leasing can also help you enhance your status to the lending community by improving your debt-to-equity and earnings-to-fixed assets ratios. There are a variety of ways in which a lease can be structured. This provides greater flexibility so that the lease is structured to best accommodate the individual cash flow requirements of a specific business. For example, you may have balloon payments, step up or step down payments, deferred payments or even seasonal payments. The actual advantages of leasing: The most important reason for leasing remains the tax reason. This advantage exists because firms are in different tax brackets, allowing a firm that can not take full advantage of a potential tax shield to shift such a shield to another firm. If the lease payments are set at proper rate, the firm that does the transferring can benefit, as can the lessor. Although someone has to lose, that someone will be the IRS. Disadvantages of lease financing: Leasing is a preferred means of financing for certain businesses. However it is not for everyone. The type of industry and type of equipment required also need to be considered. Tax implications also need to be compared between leasing and purchasing equipment. You have an obligation to continue making payments. Typically, leases may not be terminated before the original term is completed. Therefore, the renter is responsible for paying off the lease. This can pose a major financial problem for the owners of a business experiences a downturn. ? You have no equity until you decide to purchase the equip ment at the end of the lease term, at which point the equipment has depreciated significantly. ? Although you are not the owner, you are still responsible for maintaining the equipment as specified by the terms of the lease. Failure to do so can prove costly. A lease involving a third party that lends the lessor part of the funds ecessary to purchase the asset to be leased. 1. Equipment manufacturers: Durable-goods manufacturers often establish subsidiary leasing or credit companies. One of the main reasons that manufacturing companies provides lease financing is to encourage the use of their product. 2. Financial institutions: Banks, bank holding companies, and life insurance companies. These institutions are heavily involved in long-term financial leases. From their standpoint, leases are merely a secured lending. 3. Independent leasing companies: This provides much of the direct leasing. The financing effect: It is a form of borrowing. The contractual agreement on the lease payme nts is no cancelable. Therefore as other types of debt, failure to make the lease payments can result in bankruptcy. Both lessors and lessees generally, and correctly, view a financial lease as a form of borrowing. Leasing is similar to debt; it has an impact on the amount of borrowing a firm can do. Generally, the more a firm leases, the less it can borrow. This debt displacement is an implicit cost of leasing. The tax effect: For tax purposes, the lease is entitled to a full deduction of all qualified lease payments. Therefore, like other forms of borrowing, the government subsidizes the cost of leasing. The reporting effects: Leasing used to be referred to as off-balance sheet financing. Under rior accounting practices, because the firm did not own the asset, neither the asset nor the companion lease liability had to appear in the body of the balance sheet. A footnote reference, often a very terse one, was sufficient. The superficial effect was to understate the firm’s indebtedness position. Les see reporting: The capitalized value of capital leases and their companion liabilities are put in the body of the lessee’s balance sheet. These capitalized values are the present value of the lease payments. Thus the present value of the lease payments appears on the right-hand side of the balance sheet as a liability and on the left-hand side as an asset. [pic] ULC was established in 1989 as a public limited company, to cater the investment needs of our economy. ULC provides lease financing facilities to all market segments of customers, Small & Medium Enterprises, Commercial Houses, Large Corporate organizations. Under Lease financing They provide; ? Industrial machinery and motor vehicles at concessionary term. ? Machinery and Furniture for Hospital use. ? Truck or Bus for Transportation. ? Equipment or Furniture for Official use. Delta Pharma Limited (DELTA PHARMA) has been propelling steadily towards its goal (Better Care†¦ Better Cure†¦ ) since its launch on November 21, 2004. It is a public limited company. Vission The vision is to reach a level of excellence in pharmaceuticals through a sustained effort to quality assurance and to achieve a global standard through the indoctrination of a culture of excellence. Mission Our mission is to benefit people and improve their quality of life through our quality products. As a generic company, our growth is closely knitted to the satisfaction of our customers. We would like to ensure customer satisfaction through providing quality medicine at affordable cost, launching new molecules & expediting export to all possible avenues. We are committed to achieving our goal through skilled, creative, and motivated employees. ULC agrees to lease a drug manufacturing machine to Delta pharma company on January 1, 2010. ULC has added following information in the contract: 1. The lease agreement is noncancellable in nature with 6 years time period. 2. There will be no renewable option after lease term. 3. The cost of the machine was tk. 245000 and the fair value of the machine at January 1, 2010 is tk. 245000. 4. Machine will be reverted to the leesor at the end of this term at which time the machine will have scrape value worth tk. 43622 which is ungurrenteed. 5. Delta Pharma will bear the responsibility all executive cost. 6. ULC requires equal rental payment annually beginning January 1, 2010. 7. Collectability of the lease payment is reasonably predictable. There are no uncertainties surrounding the amount of costs yet to be incurred by the ULC. Required calculation by ULC Rental payment calculation Fair market value of the leased asset to lesor tk. 245000 Less: Present of the ungurenteed residual value tk. 24623. 31 (43622X. 56447) Amount to be received through lease payment tk. 220376. 69 Six periodic lease payment (tk. 220376. 69/4. 79079) tk. 46000 United Leasing Company (Lessor) Lease Amortization Schedule Date |Annual lease payment plus |Interest on lease |Recovery of lease |Lease receivable | | |URV |receivable |receivable | | |1-1-10 | | | |245000 | |1-1-10 |46000 | |46000 |199000 | |1-1-11 |46000 |19900 |26100 |172900 | |1-1-12 |46000 |17290 |28710 |144190 | |1-1-13 |46000 |14419 |31581 |112609 | |1-1-14 |46000 |11261 |34739 |77870 | |1-1-15 |46000 |7787 |38213 |39657 | |1-1-15 |43622 |3965 |39657 |0 | Journal entries for ULC Journal entries given by the United Lea sing Company for the first two years: Date |Journal |Amount(tk) | |1-1-10 |Lease receivable†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. †¦. Dr |245000 | | |Equipment†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Cr |245000 | |1-1-10 |Cash†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. Dr |46000 | | |Lease Receivable†¦Ã¢â‚¬ ¦ Cr |46000 | |12-31-10 |Interest Receivable†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. Dr |19900 | | |Interest Revenue. †¦.. Cr |19900 | |1-1-11 |Cash†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. Dr |46000 | | |Lease Receivable †¦Ã¢â‚¬ ¦Cr |26100 | | |Interest Receivable†¦. Cr |19900 | |12-31-11 |Interest Receivable†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. Dr |17290 | | |Interest Revenu†¦Ã¢â‚¬ ¦. †¦. Cr |17290 | Findings Analyzing this report we have come to terms: 1. Lease plays an important role for business. 2. Easy for business to get lease. 3. Lease agreement may contain less restrictive provisions than other debt agreement. 4. Business finds leasing cheaper than other forms of financing. 5. Business does not report an asset or liability for the lease agreement for financial reporting purposes. 6. It is a contractual agreement. 7. It may be cancellable or no cancellable. 8. Leasing provides business an opportunity to transfer tax benefit to another party. The leasing market is becoming more competitive because of the new leasing companies are entering the market. However, There are still leasing companies are doing well. The political stability and overall economic development is an essential precondition of the smooth growth of this sector. If we can ensure these two preconditions, the leasing sector of Bangladesh would be able to perform a strong role in our industrial development. If we disuses more and more about lease financing, and if we try to spread it among our general public about its advantages, we will go clearly ahead. It is very favorable to apply lease financing in Bangladesh. From above discussion, it is clear that, in many sectors lease financing is better than other financing. If we know about lease financing properly, we can use or we can avail all the advantages of lease financing where other financing is not favorable for us. 1. Brigham, E. F. and M. C. Ehrhardt. 2001. Financial management: Theory and practice. 10th Edition. Singapore. South- Western. 2. Bhole, L. M. 1992. Financial Institutions and Markets: structure, growth and Innovations. 2nd Edition. New Delhi. Tata- McGraw-Hill Publishing Company. Evaluation of students’ performance; 3. Horne, J. C. 1999. Financial Management and Policy. [pic][pic][pic][pic][pic][pic][pic][pic][pic][pic][pic][pic][pic] ———————– Bibliography 05 06 07 07 07 08 09 11 13 18 21 22 22 1. Acknowledgement 2. Executive Summary Background of the report Objective of the report Methodology and sources of information 3. Introduction 4. Lease Financing 5. Advantage and disadvantage of leasing 6. Sources of lease financing 7. A lease contract 8. Findings 9. Conclusion 10. Bibliography TOPIC PAGES A Report on Lease Financing Conclusion The effects of leasing on the firm: A Lease contract of United Leasing company with Delta Pharma Limited Sources of lease financing: Leveraged lease: Advantages and Disadvantages of Lease Financing for Businesses Lease Financing [pic] (Lessee) [pic] (Lessor)

Coming of Age in Mississippi- Anne Moody - 797 Words

Anne Moody learned about the importance of race early in her life. Having been born and raised in an impoverished black family from the South, she experienced first-hand the disparity in the lives of Whites and Blacks. The story begins with Anne as a four-year-old child watching her parents work everyday for Mr. Carter, a white plantation owner. She witnessed several black farmers living in rotten, two-room wooden shacks. It was most likely evident to her, even at that early age, that Whites were the affluent, upper-class. She elucidates her recognition of the difference in living conditions in the following statements: It seemed as though we were always moving. Every time it was a house on some white man s place and every†¦show more content†¦One explanation for her mother s reaction is her hesitancy to engage in discussions about race. Throughout the text Moody s mother seems to accept her place as an inferior without questioning the superiority of whites and the issues that racial inequities engender. Her mother s reluctance to challenge the status quo contributes to Moody s evolving understanding of impact of the racism. As Anne begins to mature she comes to the stark realization that the existing racial divide is not simply a difference based on economic disparity but a true statement of inferiority versus superiority. One experience that manifested this was a visit to a movie theater with some white friends. Moody was not allowed to sit with the group; she was forced to sit instead in the Jim Crowe section. Later in the text Moody received her first job working for a white woman earning two nickels a week. Her employer also gave her milk, the sour milk that the cats drank from. This insincere gesture of kindness continued to show Moody that she was not respected as a human being, but regarded with no higher priority than that of an animal. In addition to some of the more negative encounters resulting from differences in race explained above, Moody had positive experiences that informed her understanding of the lives of Whites compared to the lives of Blacks. Moody had a white employer by the name of Mrs. Clairborne who treatedShow MoreRelatedAnne Moody Coming Of Age In Mississippi1626 Words   |  7 PagesAnne Moody’s autobiography, Coming of Age in Mississippi, depicts the various stages of her life from childhood, to high school, then to college, and ends with her involvement in the Civil Rights Movement. In the novel, Anne tells the reader her story through events, conversations, and emotional struggles. The reader can interpret various elements of cultural knowledge that Anne Moody learned from her family and community as a child. Her understanding of the culture and race relations of the timeRead MoreComing Of Age Throughout Mississippi By Anne Moody1388 Words   |  6 PagesIn the autobiography â€Å"Coming of age in Mississippi† by Anne Moody known as Essie Mae in the book she writes in great detail the struggles her and other people of her color had to go through in order to gain their rights. From such a youn g age she saw the differences in the way people of color were treated in comparison to whites, things that no one should go through much less a kid. From the beginning you see that Essie Mae is such a brilliant kid and all the trials she goes through and the knowledgeRead MoreComing Of Age Throughout Mississippi By Anne Moody964 Words   |  4 PagesThe book â€Å"Coming of Age in Mississippi† By Anne Moody is an autobiography and talks about the lifestyle of growing up as a Negro in the rural south during horrid times for blacks. Moody was born on September 15, 1940 and died just last year on February 5, 2015. Moody starts her story from the beginning of child hood living with her mother and siblings. She was a brilliant student and also had the motivation for doing her best, but the barriers that blocked her simply seemed impossible to pass, sheRead MoreComing Of Age Throughout Mississippi, By Anne Moody1554 Words   |  7 Pagesthrough the heart of the nation and only go t worse the more south you go. In Anne Moody’s autobiography, Coming of Age in Mississippi, Moody’s life is told through her eyes. It goes through her childhood until her participation in the Civil Rights movement. One of the major parts in the book is her slowly realizing the racial divide in America and the disadvantages that her skin color had come with. All the racism Moody experienced as a child until she was an adolescent led to her decision to becomeRead MoreComing Of Age Throughout Mississippi By Anne Moody Essay1368 Words   |  6 PagesComing of Age in Mississippi In the novel, Coming of Age in Mississippi, by Anne Moody, she talks about her childhood and the hardships she faced due to discrimination and racism. She provides different instances and examples of the different obstacles she faced. With all these various examples, I believe it helped shape her into the figure she later became in the novel and the person she turned into. It helped shape her beliefs and thoughts on society that she never realized as a child, but asRead MoreComing Of Age Throughout Mississippi By Anne Moody1214 Words   |  5 Pagescontinues to plague us today. In Anne Moody s book, Coming of Age in Mississippi she depicts how life was growing up in the south through her eyes. The constant discrimination and abuse that many African American minorities faced was something she grew up with. As she grows up and takes part of many organizations to fight for equality, Moody manages to gather valuable experiences and wonders if the issue of racism is something that will truly be conquered. Anne grew up with her mother, fatherRead MoreComing Of Age Throughout Mississippi By Anne Moody1383 Words   |  6 Pages Coming of age in Mississippi by Anne Moody tells the story of her life as a poor African American growing up in America in the midst of racism and poverty. When Anne Moody was four years old Anne and her little brother had to be left at home while her parents worked in the fields. They were babysat by their uncle who was mean to them and regularly beat her up. In an attempt to scare her he accidentally burned down their house, blaming it on Anne. This event had a tremendous effect on the familyRead MoreComing Of Age Throughout Mississippi By Anne Moody1206 Words   |  5 PagesAnne Moody’s, â€Å"Coming of Age in Mississippi† is an autobiography of hers that depicts the time of injustice, racial discrimination, oppression and the hardships African Americans dealt with during this time of inequality and how it led to Civil Rights Movement. Ann e Moody’s overall life experience since her young age of 4, till her age of 24 of the movement, greatly shows the struggles of the time with uses on her emotional experiences and her analyzing skills of her time which did not fail to catchRead MoreComing Of Age Throughout Mississippi By Anne Moody1362 Words   |  6 Pages Coming of Age in Mississippi Essay Fredric Stanley HIST 3881 Professor James Conway 7 November 2015 â€Æ' Though we Americans, in all of our efforts, feel as if the day of racism is coming to an end, I feel it is merely evolving into a much more subtle approach. Seeing life through the words of Anne Moody in her book entitled, Coming of Age in Mississippi, shows that racism, even back then, is treated with remedies versus a cure. After the many anti-discrimination legislations passed as well asRead MoreComing Of Age Throughout Mississippi By Anne Moody1164 Words   |  5 PagesIn the book Coming Of Age In Mississippi by Anne Moody gives us a life perspective on how life was in the past for blacks. As well as her life story on how she suffered so much but she never gave up. She always found ways to overcome things and wanted to help blacks so they would no longer be suffering and have freedom. The book/author both add to the conversations we had in class. For example: how blacks had no freedom, worked for whites and were mistreated. They were not paid well, so many of