Owner's Equity Paper Essay Example | Topics and Well Written Essays - 750 words

Owner's Equity Paper - Essay Example If either happens, Financial Statements of a business become invalid or forged. If we show both Earned and Paid Capital in the head of Earned Capital then our profit figure will be overstated and financial statements will lose their validity. Similarly, if Earned and Paid-in Capital are shown as an Investment, then assets will become overstated and again the financial statements of a company will lose their validity. These were the reason why we keep Earned Capital separate from Paid-in Capital. (2003) Both Earned and Paid-in Capital are important at their own place. Without either of them, the company cannot thrive or operate smoothly. No business can setup without the investment by shareholders or owners, similarly, no business can continue to exist unless it earning decent rate of profits. Therefore, both are really important for the formation and smooth running of the business. However, looking at both of them critically, one can state that it is the Paid-in Capital that is more important because only after a business is setup, it starts earning profit. So, without Paid-in Capital there would be no Earned Capital and hence Paid-in Capital has some merits over Earned Capital. Another reason for the importance of Paid-in Capital is the fact that a business can bear losses for some period and may continue to exist on Paid-in Capital. We can conclude that both Earned Capital and Paid-in Capital are equally important, but it is the Paid-in Capital which gets the lead out of the two . According to Wachowicz, Basic Earning is the simplest method to find out the earning per share that a firm has made over its outstanding shares. It is calculated by dividing net profit with number of shares outstanding. For e.g., suppose that a company earns a profit of $5 Million in a fiscal year. It has currently 10 Million Shares issued to shareholder. Its basic earning in this case

Disadvantage of democracy Essay Example for Free

Disadvantage of democracy Essay The primary disadvantages of democracy are a general lack of accountability, the prospect of personal interest becoming the predominant factor in decisions, and negative financial implications. A democracy lays the power to make decisions in the hands of the majority. This, ironically, places an emphasis on both individual and group power. A group controls the decision-making process, but an influential individual can control the group. The issue with democracy, in spite of the power of the people to control the decision-making process, is that there is no sense of accountability when the group makes a decision that turns out to be a bad one. Even particularly influential individuals in the group who may have persuaded the majority to vote for what led to the bad decision is free from blame because, ultimately, everyone in the group is responsible for his or her choice. In this way democracy, although a group-oriented approach, can become very much about what individuals believe is best for themselves and not for the majority. This type of decision-making also can be very expensive and have negative financial implications. First, a considerable amount of money can be spent in persuading voters to support an idea or cause. Second, voters may embrace an idea or cause, such as lowering taxes, because it sounds ideal when, in practice, it could lead to financial disaster. Disadvantages of Democracy Making the wrong choice In a democratic country, it is the common man who has the supreme right to choose their legislature and their prevailing authorities. As per a general study, not all the people are completely conscious of the political circumstances in their nation. The common masses may not be acquainted of the political matters in their society. This may lead to common man taking an erroneous selection during election. Authorities May Lose focus As the government is bound to changes and modification after each election tenure, the authorities may function with a interim objective. Since they have to go through an election procedure after the conclusion of each tenure, they may lose focus on functioning effectively for the citizens and  instead might concentrate on winning elections. Hordes Have Influence A further disadvantage of democracy is that hordes can manipulate citizens. People may vote in support of a party under the pressure of the bulk. Constrained or influenced by the ideas of those around, an individual may not put across his/her accurate judgment. Democracy averts radicalism and encourages teamwork and synchronization. It also slows things down, stops those in authority doing what they wish regardless of the majority’s desires. Since the military incursion into the Nigerian political scene on January 15, 1966, all the woes of this country are placed on the military. Most Nigerians do not want to hear the word â€Å"military†. They see the military as synonymous with evil. But does the military symbolize evil? Colonel Muamma Gaddafi is a military officer who seized power from the Libyan Monarch in 1969. Colonel Muamma Gaddafi as a military leader, was able to transform Libya to the envy of the world so much that other nationals including Nigerians are queuing at the Libyan embassy for her visa. Under a military leadership in Libya, Nigerians are rushing to the country on a daily basis because the country has a lower inflation of 1% than that of Nigeria which is 20% and a per capita of $8,400 while Nigeria’s per capital is $50. If military regime is synonymous with evil, why are Nigerians running from a country that is under civil rule to a country which is under a military leader? Ghana, our neighbouring West African country was also transformed from a corrupt and poverty stricken nation it was, to a transparent and an accountable nation by a military officer, Flight lieutenant, John Jerry Rawlings. At the moment, Nigerians are running to live in Ghana because the country has improved tremendously in terms of economy and infrastructural development. Ghana has also attained democratic growth and stability having transited from one democratically elected government to another two times. However, let us now compare and contrast the difference between military and civil rules in Nigeria. Nigeria gained independence from Britain on October 1, 1960. Out of the 50 years of Nigeria’s existence as an independent  nation, the military has ruled the country for 29 years. Within the 29 years the military ruled the country, 3 years were used to prosecute the Nigerian civil war, between 1967 to 1970, this means the military actually spent 26 years to rule the country. Out of the 50 years of the nation’s existence, civilians have ruled for 21 years. So, the difference between the years the military have ruled the country and those of civilians nine years. The questions one is asking are, if the military has destroyed the country within the space of 29 years as claimed by the civil leaders, can’t the civil leaders repair it within a space of 21 years? How long does it take to repair what is damaged? What has the civilian leaders be able to remedy since they have been ruling the country? Since Nigeria returned to democracy in 1999, we are still hearing the same old song by politicians, â€Å"You know the military have destroyed the country and you know that it is not easy to repair what has been destroyed†. I find this excuse unacceptable to the Nigerian people because something that was destroyed can be repaired. For instance, Germany, France, Austria etc were devastated during the first and second World War but today they have rebuilt to enviable status. Of all the things the military destroyed, which of them has the civilian leaders been able to put right? Some politicians who are out to deceive the poor masses will say that â€Å"the worst civilian regime is better than military regime.† But is it always true that the worst civilian regime is better than military regime? Politicians are also quick to say that â€Å"at least we can talk now that we are in a civilian regime and that we could not talk during the military administrations.† I found this argument very amusing because our mouths were not muzzled by the military during their administrations. I make bold to say that we spoke more during the military administrations than we do today because then we all saw the military as our common enemy and were united to fight against them. There were so many civil society organizations such as National Democratic Coalition (NADECO) which was headed by late Pa Adekunle Ajasin, Campaign for Democracy headed by late Dr. Beko Ransom Kuti, Civil Liberties Organization headed by former President of Nigerian Bar Association ( NBA ), Olisa Agbakoba (SAN), Afenifere, the Yoruba socio- cultural group headed by late Pa Abraham Adesanya, Association of Senior Staff Union of Uni versities, headed by the INEC Chairman, Professor Atahiru Jega, Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN ), headed by Chief Frank Ovie Kokori etc. These civil society groups spoke openly against the ills of the military and sent them back to the barracks. At that time too, journalists engaged in revolutionary journalism which made the press very vibrant and added impetus to the voice of the masses. During the military era, television and radio stations were mostly owned by both states and the federal governments. DAAR communications, owner of African Independent Television and Ray power Radio station and Minaj television and FM radio station which started in 1994 were the only privately owned broadcast organizations in the country, the rest belonged to both the states and federal governments. Would the governments have allowed the masses to use their media to criticize them? There is no government that allows such a thing in any part of the world. Let us assume that we did not talk during military administrations, what have we achieved since 1999 that we have been talking? Have those who claimed to be representing us both in th e State Houses of Assembly and the National Assembly ever taken our advise? We said the National Assembly should pass the Freedom of Information Bill into law, have they done it since it was introduced into the house? We said the Justice Mohammed Uwais recommendations on Electoral Reform be adopted by the National Assembly, have they adopted them? The Federal Government has earmarked #6.6 billion towards the celebration of Nigeria’s 50th anniversary, which the masses condemned in totality, yet the Federal Government is bent on wasting such amount of money on the celebration of failure. Will the States and Federal Governments ever listen to the masses? We said the huge allowances our so call representatives are receiving should be reduced, did they agree to reduce their allowances? A senator receives #45 million allowance quarterly, while each member of the House of Representatives receives #27.2 million allowance quarterly. Each senator receives #500 million constituency development allowance yearly which is not accounted for. Their salaries and other benefits are not included these allowances. Is there justification for such huge allowances considering the fact that they sit for 180 days in a year? Can we say with a sense of pride that the lives of Nigerians have improved positively since we returned to democracy in 1999? Let me make it clear that democracy is not just about having freedom to talk, it goes beyond mere talking. Democracy is about quality leadership that translates  into accelerated development and growth in all areas of human aspirations. Democracy goes beyond just having civilians in government. Any administration, be it military or civil government that cannot better or improve the lives of the people is a monumental failure. The main purpose of governance is to coordinate and harness the wealth of the people for an effective development that will enhance the standard of living of the people. Have we seen such achievements and development since 1999? Let us compare and contrast civil administrations since 1999 till date and military administrations from 1985 till 1999 when the military handed over the reins of power to civilians. We shall start this comparison with the economy. Before the civilians took over government in 1999, a 50 kg bag of rice was sold for N2,500, today it is selling for N8,000. A small bag of beans that was sold for N1,800, now sells for as much as N7,000. Is this not outrageous. Before the commencement of the Obasanjo’s regime in 1999, Nigerians were able to eat twice daily. Morning and night, which was popularly called one –zero-one. At present, most Nigerians eat once daily, which is popularly called zero one- zero. Is this not regression? If the agricultural sector is well funded and productive, why are prices of foodstuffs on the increase? The unemployment rate has gone up drastically because many industries are closing down while some are relocating to our neighbouring countries due to lack of regular supply of electricity. The Obasanjo’s regime in 1999, inherited 3,500 megawatts of electricity from the military, today it has reduced to a mere 2,500 megawatts for a population of 150 million people. The problems of industries and other organizations that consume large quantity of electricity are compounded as a result of the high cost of petroleum products such as petrol and diesel. These products are used to power generators which provide alternative power for industries. As at the time Nigeria return to democracy in 1999, the prices of petroleum product were cheap. But before ex-president Olusegun Obasanjo, who also doubled as petroleum minister, left office in 2007, he had increased the prices of these products eleven times. A litre of kerosene that cost N9.00 in 1999, now sells for N125.00. Petrol that cost N11.00 at that time, now goes for N65.00 while diesel that cost N10.00 then now sells for N120 per litre.

Heidegger On Traditional Language And Technological Language :: Heidegger Language Languages Essays

Heidegger On Traditional Language And Technological Language ABSTRACT: On July 18, 1962, Martin Heidegger delivered a lecture entitled Traditional Language and Technological Language in which he argues that the opposition between these two languages concerns our very essence. I examine the nature of this opposition by developing his argument within his particular context and in the general light of his reflections on language. In different sections on technology and language, I summarize much of what he had said in previous writings on the topic (viz., "Die Frage nach der Technik" and "Der Weg zur Sprache"), including his preliminary comments contrasting instruction with teaching, and characterizing this reflection in terms of its uselessness. The central issue connecting these seemingly varying themes is the status of education in our modern technological age and, more specifically, of instruction in the mother tongue. Heidegger’s concern for the status of instruction in the mother tongue is, as we will see later, directly connected to his distinction between the two forms of language. On July 18, 1962, Martin Heidegger delivered a lecture entitled ÃÅ"berlieferte Sprache und Technische Sprache (1) (Traditional Language and Technological Language) in which he argues that the opposition between these languages concerns our very essence. In this paper I examine the nature of this opposition by developing his argument in this particular context and in the general light of his reflections on language. Addressed to science teachers in a vocational school, Heidegger's lecture offers some relatively uncomplicated formulations of theses he had already developed mainly in "Die Frage nach der Technik" (2) and "Der Weg zur Sprache." (3) There are two main sections, one on technology, the other on language, which summarize much of what he had said in those previous writings. There is, however, a preliminary comment in which he contrasts instruction with teaching, and an introductory section in which he characterizes his reflection in terms of its uselessness. The issue connecting these seemingly varying themes here is the status of education in our modern technological age and, more specifically, of instruction in the mother tongue. Heidegger's concern for the status of instruction in the mother tongue is, as we will later see, directly connected to his distinction between the two forms of language. Speaking thus to his particular audience, Heidegger claims he is not instructing but teaching them in the sense of letting-learn, where learning comprises bringing our life into the correspondence with what grants itself to us in its essence.

Related Literature of Brand Preferences on Mobile Phones

How to resolve Conflict Conflicts may be solved using three simplified ways: 1. The win-lose method – The protagonist assumes an ether I lose or I win attitude. Explanation: the win-lose method is a kind of method in resolving a problem or case wherein, one party will have the possibility of winning the case or they will lose on the case. 2. The win some–lose some method – One party attempts to get the most of the other using the primary tactical work of bargaining. It is also called as â€Å"compromising stance†. Explanation: the win some-lose some method is a kind of method wherein one party is aggravate because he/she is compromise in a certain problem or case. For example I am a driver. And accidentally my car was bumped in a sari-sari store. The store-owner suggested that I will only pay the damages so that I will not be on jail. Because I am in a compromised position, I should pay the damages so that I will not be jailed.In my part I â€Å"win someà ¢â‚¬  because I will be not jailed anymore but â€Å"lose some† because, I’ve lose some money in paying the damages. 3. The win-win method – A process where both parties attempt to get the sources/causes of disagreement together in the hope of getting a solution that would together benefit them not only as individuals but also as organization. Explanation: the win-win method is to find a solution that is acceptable to both parties, and leaves both parties feeling that they’ve won, in some way, after the event.

Acquisition Of Metaphor Through Teaching Culture Education Essay

The research survey will critically analyse the acquisition of metaphor through teaching civilization to Iraqi scholars of English as a 2nd linguistic communication. Additionally, the research will convey to illume the assorted challenges confronting different Iraqi scholars when analyzing English as a 2nd linguistic communication through metaphors. It will besides seek to supply recommendations that will assist get the better of the challenges every bit good as how best to utilize metaphors in assisting Iraqi scholar learn English. Due to globalization characterized with free motion of people, capital goods and services, it has come to be of paramount significance for all human races to endeavor to larn at least a foreign linguistic communication ( MacArthur & A ; Littlemore, 2008 ) . As a consequence a figure of states particularly in Middle East have resorted to larn such linguistic communications as English to assist them get by with the bubbling phenomenon of globalisation. However their desire has been marred with a figure of challenges particularly when such mechanisms as utilizing metaphors are used. It is deserving observing that bookmans such as Straub, 1999 suggested that the best manner to learn a foreign linguistic communication to pupil is to utilize their civilization. This can be done successfully when the pupils are made cognizant of their civilization every bit good as supplying them with some sort of meta-language in order to speak about civilization ( Low et al.2008 ) . The research is of a batch of importance as it closely analyzes acquisition of metaphors by non English speech production Iraqi pupils. The findings will be of importance to assorted stakeholders such as instructors of English as Second Language ( ESL ) , pupils, instruction sectors, other research workers and larning establishment at big every bit good as Non-governmental Organization, The developed recommendations will be adopted by larning establishments to assist them successfully teach pupils English, a linguistic communication that is non native to them. Not transporting out this research will clearly picture that the assorted ways of integrating metaphors in learning English, the challenges faced will non be brought to visible radiation. Research inquiry Based on the research subject, three major inquiries were developed to steer the survey. These are How are metaphors used through teaching civilization to assist Iraqi pupil learn English? ( Littlemore, 2009 ) What are the challenges confronting both instructors and pupil when utilizing metaphors? What are the major recommendations that will assist control the above said challenges and surrogate English acquisition? Literature reappraisal The chief aims of learning civilization to pupil are it assist them to develop a clear comprehension of the fact that all show behaviours that are profoundly rooted from civilization, societal variable/ demographic features do every bit good as topographic point of abode do impact on how persons communicate, stimulate their rational wonder with respects to certain civilization hence promoting empathy towards others, developing ability to advert but a few ( Littlemore, 2003 ) . This therefore was seen as an avenue that can be successfully used to learn English via metaphors. It is of import to bear in head that legion theories have been brought Forth to assist reply the inquiry, how do scholars get foreign linguistic communication? Traditionally, grammar interlingual rendition methods were used to learn pupils foreign linguistic communications. It entailed memorisation of long list of vocabularies that were translated. Later in the old ages, the focal point shifted to coming up with linguistic communication accomplishments such as authorship, listening, reading and speech production. Whether wittingly or unwittingly the phase of learning foreign linguistic communications actively involved utilizing metaphors ( Littlemore, 2004. One renowned bookman, Light created a metaphor with the purpose of assisting set up the assorted elements of grammar so that it could be used to learn English as 2nd linguistic communication. Leeboard held that metaphors and associating theories, â€Å" portion the attempt to form thought by puting in gesture an interaction between familiar and or comprehensible on one manus and the thing to be explained on the other. † Metaphor has the ability of showing significance by mentioning to a different conceptual sphere and has been thought as a vehicle through which cognition is transmitted. Harmonizing to Laoff & A ; Johnson, 1980 metaphors are â€Å" poetic imaginativeness and the rhetorical flourish – a affair of extraordinary instead than ordinary linguistic communication. † The major types of conceptual metaphor normally used are structural metaphor, â€Å" the beginning sphere supplies a moderately drawn-out cognition construction for the mark construction † . They help increase linguistic communication understanding. Ontological metaphors are those that have abstraction and represent something deep for case objects or a individual. Learners are made to visualise experiences via objects. Last, orientation metaphors provide even less conceptual construction for mark constructs than ontological 1s. Their cognitive occupation, alternatively, is to do a set of mark constructs coherent in our conceptual system ( Kovecses, 2002 ) . Data aggregation The research will use a assorted research design method. It is of import to observe that theoretical survey calls for deeper excavation of assorted literatures runing from diaries, publications, books, other signifiers of literature and from the cyberspace ( Boers & A ; Littlemore, 2000 ; ) . Qualitative research will besides be employed in the survey ; the attack seeks to contextualize the research by plunging the research worker into the survey scenario every bit good as with the survey topics. Hypothesiss are developed and informations is collected and the consequences tend to be subjective. A instance survey as a sub type of qualitative research is used to guarantee that the survey is flexible plenty to give the research worker room to look into issues that were non antecedently thought of and could be deserving being brought to visible radiation ( Tabachnick & A ; Fidell, 2000 ; Littlemore, 2004 ) . Anterior to existent aggregation of informations, a pilot survey will be carried out in order to assist set the questionnaires whenever deemed necessary. Questionnaires will be used to roll up relevant information ; I will administer them to respondent situated in the targeted establishment of higher acquisition and would be collected subsequently at an in agreement day of the month. Harmonizing to Beiske, ( 2002 ) questionnaire covers a big population at a clip as they would be distributed to different participants at a clip and be collected subsequently or at the same twenty-four hours depending on the willingness of the responded in turn toing the inquiries, due to it being standardized they are more nonsubjective, informations collected from questionnaire are easy to analyse, due to acquaintance with the tool, responded will non be discerning, it is besides really cost effectual as compared to confront to confront interviews, the tool besides reduces prejudice. The questionnaires will be issued to who are in a place to Iraqi pupils in higher instruction as they are in a better place to supply the needed set of informations. Additionally, instructors will besides be sought after to give more penetration. Harmonizing to Littlemore, 2001 the major job with questionnaires as a tool of informations aggregation is that there is inclination of respondent to bury critical information, they may reply the inquiries superficially when it is a long one, to counter this I developed a short but really inclusive questionnaire, due to standardisation, there is no room for account incase respondents misinterpret or make non understand the inquiries ( Littlemore, 2005 ) . The information will be collected from Iraqi pupils in higher instruction and will be done over a span of one month. As indicated by Littlemore, 1995 ; Littlemore & A ; Chevalier, 1997 some of the ethical consideration includes the followers ; the targeted sample populations that will be involved in the survey to supply relevant information are to be informed about the same in progress. The grounds for transporting out the study every bit good as how they stand to derive from the survey will besides be brought out clearly. As good, research moralss demands that the information be sought after by the research worker will be provided in good religion, and voluntarily without any influence be it pecuniary or otherwise for case giving of inducements, wagess, and gifts. It is of import to observe here that the rights and public assistance of the participants involved in the survey must be protected and guaranteed. To make this, their individualities will be kept confidential. Furthermore, the information collected while beging for informations is to be kept confidential and opt non to be used in any other purpose apart from what was ab initio intended for ( Low & A ; Littlemore, 2009 ; Littlemore, 1995. ) . Methods of analysis After informations aggregation, coding will be done. SPSS statistical package will be used in analysing informations. To set up which point airs as being the greatest challenge in utilizing metaphor in learning English, a cross tabular matter analysis will be done. Similarly, correlativity and arrested development analysis will be done to prove the relationship between the challenges and acquisition of metaphor through civilization instruction. Descriptive statistic will be used to picture demographic features every bit good as other variables. This will be in signifier of tabular arraies, graphs and charts ( Chambers et al. , 2004 ) . Original part The paper will make full the spread in literature sing major challenges confronting metaphor acquisition through teaching civilization. More significantly, the recommendations to control these challenges will be a encouragement to the literature in linguistics. The research subject has non been tackled and presented for an award of any grade in any establishment of higher acquisition hence it is my ain piece of work. It will put land to further understand the whole issues with respects to challenges and what can be done in future to control such jobs in linguistic communication acquisition particularly English to non native talkers ( Boers & A ; Littlemore, 2000 ; Littlemore & A ; MacArthur, 2006 ) .