The Homeless in America :: essays papers

The Homeless in America I never envisioned that I would be destitute. Although I have perused this announcement made again and again, the realities behind it stay surprising. The realities are that there are a huge number of destitute in America today. A considerable lot of these individuals had no real option except to get destitute. Financial issues, for example, being laid off work, or the ascent in the expense of lodging had lead individuals to live in the city. A significant number of the destitute are ladies that have gotten separated or have ventured out from home as a result of physical maltreatment. These ladies have no training since they have not been allowed to proceed to get the instruction that it takes these days to land the position, so they are compelled to live in the city. They have no family to support them and they are left with no other decision. Individuals with psychological maladjustments additionally become destitute regularly. These individuals are unequipped for dealing with the pressure of living all alone. These individuals get kicked out of their homes and are to embarrassed to go to their families in light of their disease, so we see them on the lanes battling to remain warm. Young moms are likewise compelled to live on the lanes in light of the fact that their families won't help t hem. The dads are not there and that compels them to live in the city. So they should fall back on prostitution to pay for the food that their young ones need to remain alive. There are numerous others that become destitute for a wide range of reasons. A portion of these individuals can not resist getting destitute. A portion of these individuals are the unlawful foreigners that come here from different spots to improve life however end up not having enough cash to make it in this hard world that we live in. Adolescent wanderers have various purposes behind venturing out from home however all have a similar explanation behind getting destitute. They basically simply need more cash. Others are medication and liquor abusers and debilitated individuals. With this rundown of individuals there must be some way that we can support these individuals. There has been numerous projects that have been accessible to support these destitute, however just have just prevailing in the short run and have flopped over the long haul.

Summary of IAS 18 Essay Example for Free

Synopsis of IAS 18 Essay Income: the gross inflow of financial advantages (money, receivables, different resources) emerging from the standard working exercises of a substance, (for example, deals of products, deals of administrations, premium, eminences, and profits). [IAS 18.7] Estimation of Revenue Income ought to be estimated at the reasonable estimation of the thought got or receivable. [IAS 18.9] A trade for products or administrations of a comparative sort and worth isn't viewed as an exchange that creates income. Be that as it may, trades for unique things are viewed as producing income. [IAS 18.12] If the inflow of money or money counterparts is conceded, the reasonable estimation of the thought receivable is not exactly the ostensible measure of money and money reciprocals to be gotten, and limiting is fitting. This would happen, for example, if the vender is giving premium free credit to the purchaser or is charging a beneath showcase pace of intrigue. Premium must be attributed dependent on advertise rates. [IAS 18.11] Acknowledgment of Revenue Acknowledgment, as characterized in the IASB Framework, implies fusing a thing that meets the meaning of income (above) in the salary proclamation when it meets the accompanying standards: †¢ it is likely that any future monetary advantage related with the thing of income will stream to the substance, and †¢ the measure of income can be estimated with unwavering quality IAS 18 gives direction to perceiving the accompanying explicit classes of income: Sale of Goods Income emerging from the offer of products ought to be perceived when the entirety of the accompanying standards have been fulfilled: [IAS 18.14] †¢ the dealer has moved to the purchaser the noteworthy dangers and prizes of proprietorship †¢ the vender holds neither proceeding with administrative contribution to the degree for the most part connected with possession nor successful power over the merchandise sold †¢ the measure of income can be estimated dependably †¢ it is plausible that the financial advantages related with the exchange will stream to the merchant, and †¢ the expenses brought about or to be caused in regard of the exchange can be estimated dependably Rendering of Services For income emerging from the rendering of administrations, gave that the entirety of the accompanying rules are met, income ought to be perceived by reference to the phase of culmination of the exchange at the accounting report date (the level of-fulfillment technique): [IAS 18.20] †¢ the measure of income can be estimated dependably; †¢ it is plausible that the monetary advantages will stream to the dealer; †¢ the phase of finish at the asset report date can be estimated dependably; and †¢ the expenses acquired, or to be brought about, in regard of the exchange can be estimated dependably. At the point when the above rules are not met, income emerging from the rendering of administrations ought to be perceived distinctly to the degree of the costs perceived that are recoverable (a cost-recuperation approach. [IAS 18.26] Interest, Sovereignties, and Dividends For intrigue, sovereignties and profits, gave that it is plausible that the financial advantages will stream to the venture and the measure of income can be estimated dependably, income ought to be perceived as follows: [IAS 18.29-30] †¢ enthusiasm: utilizing the powerful intrigue strategy as set out in IAS 39 †¢ eminences: on a collections premise as per the substance of the important understanding †¢ profits: when the investors option to get installment is built up Disclosure

California Love

California Love Every year our office travels all over the country to speak to students about MIT. The goal of these presentations is to demystify the Institute and our admissions process, particularly for those far-flung audiences that might not otherwise be able to visit MIT or speak to an admissions officer in person. Our destinations fall into roughly three categories: Central Meetings: major events, held at large venues, to which we invite everyone in our prospect database in a ~100 mile radius School Visits: visits to individual high schools Community-Based Organizations (CBOs): visits to CBOs, which may work with students from a region or community who span several different high schools This year, I traveled to Southern California. I spent a week driving all over the region speaking to as many students as I could. Im writing notes for my colleagues about my journey, and I thought Id share some of them with you all to see what its like to be an admissions officer on the road. Tuesday, September 2nd amp;amp;amp;amp;amp;amp;amp;lt;br /amp;amp;amp;amp;amp;amp;amp;gt;I woke up at 5:30AM and caught a taxi to Logan Airport for my 7:30AM flight direct to LAX. I spent most of the flight napping and reading back issues of the New Yorker. I landed in LAX around 11:30AM PT and picked up my rental car. Because I was in California, my first stop was In-N-Out. I have a confession; actually, its more of a declaration: In-N-Out is not that good. Californians constantly tell me that it is, but I have been to a lot of burger places, and it is not. Instead, In-N-Out is to Californians what Dunkin Donuts is to New Englanders: it is so familiar and uniquely regional that it makes you feel like home. And sometimes thats just as (if not more) important than quality. After checking in at my hotel and changing into my suit, I drove to the First United Methodist Church of Santa Monica, which had volunteered the use of its auditorium for our event. About 90 people came, including 8 Educational Counselors (ECs), our alumni interviwers. Afterward, I headed back to my hotel near Beverly Hills and went to bed on East Coast time. Wednesday, September 3nd amp;amp;amp;amp;amp;amp;amp;lt;br /amp;amp;amp;amp;amp;amp;amp;gt;The next morning I woke up at 6AM and began a full day of school visits. How we pick which schools to visit on any given trip lies in that strange and uncertain space between arbitrary, convention, and intention. My method is to look where I need to be the next day, map out a rough route within that constraint, and then look for schools more or less along it. I prioritize public schools (~70% of MIT undergraduates attended public schools) with strong math and science programs (so that graduates will be well-prepared for MIT), especially those where, based on NCES statistics, I think there are likely to be a number of high-achieving but low-income students who may not have the means to drive halfway across Southern California to come to a central meeting. And then I call their college counselors and hope we can find a time that works for both of us. Some of these schools will send us many applicants and admits, and some very few. My job isnt so much to convince students to apply as much as to help them think about whether MIT might be a good match for them and to help them understand what a selective college admissions process looks like from the inside. So, on Wednesday, I visited: 8:15AM University High School, which has a new digital media magnet program open to all students in LAUSD as well as several small schools focusing on engineering and environmental sciences, where I spoke to about 20 students. 10:30AM Los Angeles Center for Enriched Studies, the oldest magnet school in LAUSD, where I spoke to about 12 students. 12:30PM Bravo Medical Magnet High School, which offers a magnet program in health sciences to all students in LAUSD. I spoke to about 25 students who came in during their lunch to hear about MIT. 2:15 PM Clark Magnet High School, which offers a magnet school in advanced technologies and physical sciences for students in the Glendale school district. I spoke to about 25 during the final period of their day. I then kept driving east toward Pomona where, after grabbing a burger and twice-fried (once in duck fat, and then in vegetable oil) fries at The Back Abbey in Claremont, I stopped at Bright Prospect, a CBO which helps mentor and tutor high-achieving, low-income students from all across the Pomona school district. My friend Jamilla, with whom I used to share a cubicle here at MIT before she left to work at Harvey Mudd, and I partnered to give a joint information session on both of our institutions. I then checked into my hotel in Rancho Cucamonga. Thursday, September 4th amp;amp;amp;amp;amp;amp;amp;lt;br /amp;amp;amp;amp;amp;amp;amp;gt;The next morning I woke up and prepared for my big driving day down to San Diego for the Central Meeting that evening: 8:20AM Cajon High, a high school with an IB program in the San Bernardino school district, where I spoke to about 30 students. 10:00AM Middle College High (San Bernardino), a local chapter of a national charter school program which allows students to take many of their upper level courses at a local community college, where I spoke to the entire senior class. 11:30AM John W. North High, a high school with an IB program in the Riverside school district, where I spoke to about 20 students during lunch. 2:00PM California Military Institute, a relatively new school in Perris, TX, where all students 5-12 are in a JROTC program and are also required to maintain a high GPA. I was only the second college recruiter ever to visit their school, according to the college counselor, and I spoke to about 20 students right at the end of their school day. I then kept driving south to San Diego, where I had a Central Meeting at the Qualcomm corporate offices in one of their major auditoriums. About 300 people came from all over the greater San Diego area, as well as about a dozen ECs. After the meeting, I checked in at my hotel near the airport, went for a run along the Liberty Station Esplanade, caught the end of the Packers-Seahawks game, and went to bed. Friday, September 5th amp;amp;amp;amp;amp;amp;amp;lt;br /amp;amp;amp;amp;amp;amp;amp;gt;Woke up in San Diego, drove north, and began working my way back south: 8:30AM Westview High, a public comprehensive high school in the north San Diego suburbs, where I spoke to about 6 students 10:30AM Canyon Crest, a relatively new public comprehensive high also in the north San Diego suburbs, where I spoke to about 25 students. 12:52PM The Preuss School, a charter school for low-income students who will be the first in their family to graduate from college, and which offers advanced curriculum through a partnership with UCSD (on whose campus Preuss is located). Spoke to about 20 students. 2:35PM High Tech High, a charter school in Liberty Station San Diego which, along with its partner schools (HTH Media Arts and HTH International) offers a project-based curriculum. Their CEO and founder is the former head of Cambridge Rindge and Latin near MIT. Spoke to about 25 students. After leaving High Tech High, I drove across the parking lot to Slaters 50/50, where I ordered a half-beef, half-ground-bacon topped by roasted chiles, red onion, sliced avocado, spicy bbq sauce, and a fried egg. Saturday, September 6th amp;amp;amp;amp;amp;amp;amp;lt;br /amp;amp;amp;amp;amp;amp;amp;gt;Weekends on fall travel are less hectic than weekdays but we still have to work. I woke up early and drove to Oceanside, where I met two friends from high school and their rescue pit bull Molly at Breach Break Cafe for brunch around 10 AM. I then got back in my car and continued north past Camp Pendleton and up into Orange County, where I had a Central Meeting scheduled for 2 PM at Sage Hill School in Newport Coast. I always arrive at least 90 minutes early for a Central Meeting to survey the venue, talk to the tech on hand, and make sure I beat even the most eager prospective students and parents. Even so, some OC folks showed up a good 60 minutes early, beating the beach traffic that hadnt actually materialized. Luckily, we had a large team of ECs on hand to help entertain the early arrivals before the balance of the ~250 person crowd showed up in the auditorium. After the CM ended I got back in my car and kept driving north to my hotel in Torrance near Redondo Beach. After checking in, I found a place called Bluesalt Fish Grill on Yelp. Its location (a somewhat seedy strip mall nowhere near the water) made me initially skeptical but I am glad I trusted Yelp because this place was absolutely bonkers. I crushed unlimited fresh chips + guac + salsa, equally fresh and delicious ceviche, and a plate of cajun salmon with grilled corn, garlic bread, and garden salad for about $20 total. It was around here that I did something Ive never done before: ditched BurgerMap and decided to spend the rest of my time in LA playing the Mexican food game. Sunday, September 7th amp;amp;amp;amp;amp;amp;amp;lt;br /amp;amp;amp;amp;amp;amp;amp;gt;I really, really wanted to surf while I was in LA, but when I started calling around on Friday and Saturday all the surf shops told me that it would be inadvisable for a novice like me to risk the strong seas churned up by Hurricane Norbert just off the coast. While I still suspect that this was in part a plot to keep newbies like me out of the line so the experts could enjoy the admittedly sick swells, I took the opportunity to take a run along The Strand, a paved bike path along the coast of South Bay. I started down at King Harbor and ran up to around LAX and back for about a 10 mile loop, after which I was ready to house some food and watch the Patriots game, which, in the occult manner of PT football games, began at 10AM. The hotel receptionist suggested I try Kings Hawaiian, a bakery and restaurant just down the block, and I took the opportuninty to refuel with some amazing muffins and a Portuguese donut-thing that if were to be completely honest I am crying a little bit thinking about how good it was right now: Thankfully, the immediate-onset carb coma allowed me to mostly ignore the Mess in Miami and the next thing I remember I was setting up for my next Central Meeting at Redondo Union High. At this point, I literally could (and quite possibly did, never dared to ask my hotel neighbors) have given my MIT spiel in my sleep. The benefit of knowing a speech cold is that it oddly gives you more room to improvise: because you can talk on absolute autopilot, the rest of your consciousness is observing the room, seeing whos engaged and who youve lost, thinking of how you could tweak your delivery on a joke. I know Im really in the zone when I can simultaneously talk about MIT and have a completely separate and parallel internal monologue musing about how I can improve the session Im giving on the fly. Adittedly, it helps when the crowd is composed of laid back SoCal types who greet you with a dude, nice talk, bro in the QA. I left Redondo Beach around 4 and decided to take the scenic route to the San Fernando Valley: north up Route 1 through Malibu, over the Santa Monica Mountains, and back east to Sherman Oaks. Really, I just started driving north on the 1 and figured I would search for a surf shop shielded from the worst of the waves. By the time I got to the Malibu Surf Shack, they were already closing, but not before my boy Matt pointed me just up the road to Casa Escobar, which maintained an unbroken streak of awesome food: Ceviche (mahi-mahi) with fresh guac, salsa, and chips, followed by a carnitas plate with soft tortillas dat taco doe I went out onto the Malibu Pier to digest and watch the surfing competition at Surfrider Beach next door while the sunset. Ill always be a New Englander to my cold, frozen core, but Malibu, I could get used to you. Monday, September 8th The next morning I woke up, went for a run, and then began working my way east through the San Fernando valley before turning south back into LA proper: 8:45AM John Francis Polytechnic High School, a public high school with a math/sci magnet in Sun Valley and home of the Poly 5 you may have heard about if youre from the greater LAUSD area. Jeff Hunt, the EC for Poly, and I spoke to about 100 students from all grades in the Poly library. 12:00PM Van Nuys High, a public high school with both a math/sci and a medical magnet program. I spoke to about 15 students at the college counseling center as well as an entire 11th grade Physics class, and they kindly accommodated me even though a film was being shot on campus the same day. After these two visits, I drove south into the heart of LA to visit i.am College Track (IACT) in Boyle Heights. IACT is a local chapter of the national College Track CBO run in partnership with will.i.ams i.am.angel foundation. IACT, which has been running for three years, accepts 60 students a year from Roosevelt High in Boyle Heights and provides extra mentoring, tutoring, and college advising; next year will be their first graduating class. I spoke to about 20 students here. After I left IACT, I drove into South Central LA, where I met my friend Rogelio at La Carreta. Rogelio grew up in South Central and graduated from UCLA. We were grad students together at CMS and Civic and hes now back home doing his PhD at USC under former MIT Professor Henry Jenkins. Hed promised me real Mexican food under his guidance; I dont know what makes Mexican food real or fake, but now I know mulitas are a thing and that I love them: Tuesday, September 8th amp;amp;amp;amp;amp;amp;amp;lt;br /amp;amp;amp;amp;amp;amp;amp;gt;My last day in LA was also my busiest: 8:30AM Bell High, a public high with a gifted STEM magnet, where I met without about 80 students, including what I believe were the entire AP Physics and Calculus classes (who were excused to come hear me speak and packed into the college counseling center to do so). 11:00AM Garfield High, a large public high with an AP program (made famous by the movie Stand and Deliver as the home high school of math teacher Jaime Escalante), where I met with about 25 students, many of whom were involved with the local chapter of Upward Bound. 1:00PM California Academy of Math and Science, a nonresidential public STEM magnet on the campus of CalState Dominguez Hills, where I spoke to about 20 students. After CAMS, I drove back north to downtown LA, where I met with students from Iridescent, a CBO which helps students from several high schools in central LA with STEM education and college advising (among other things). A few of their staff are MIT alumni and so the students got to hear several different pespectives on life at the Institute. Then, I drove north to Koreatown and the LA Makerspace, which meets regularly from 3-7PM at the Pio Pico Library to help students with research and technical creativity. Unfortunately, I was held up in traffic, and when I arrived most of the students were gone. However, I got to speak to their Director of Citizen Science, Ariel Levi Simons, who mentors many of the researchers, about our new Research Portfolio. One of the things that I love about MIT (which was not true of my life before MIT) is that chances are good you can find alumni friends wherever you go, secretly running everything, like a nerd Illuminati. Of my graduating CMSW S.M. cohort, several are now in LA, in screenwriting programs, working as video game designers, developing social technologies for hotels, and other cool stuff. We grabbed dinner at Birds and caught up on life at/after MIT. And with that, I drove to LAX, boarded a red-eye at 11:30AM, landed in Boston at 7:30AM, and rolled right into a day of meetings to catch up on everything Id missed on my trip out west. Id driven more than a thousand miles all over southern California, talked to more than a thousand prospective students and parents, and eaten all the amazing Mexican food I could (alas, it is never enough). Just a week in the life of an admissions officer during fall travel season!

California Love

California Love Every year our office travels all over the country to speak to students about MIT. The goal of these presentations is to demystify the Institute and our admissions process, particularly for those far-flung audiences that might not otherwise be able to visit MIT or speak to an admissions officer in person. Our destinations fall into roughly three categories: Central Meetings: major events, held at large venues, to which we invite everyone in our prospect database in a ~100 mile radius School Visits: visits to individual high schools Community-Based Organizations (CBOs): visits to CBOs, which may work with students from a region or community who span several different high schools This year, I traveled to Southern California. I spent a week driving all over the region speaking to as many students as I could. Im writing notes for my colleagues about my journey, and I thought Id share some of them with you all to see what its like to be an admissions officer on the road. Tuesday, September 2nd amp;amp;amp;amp;amp;amp;amp;lt;br /amp;amp;amp;amp;amp;amp;amp;gt;I woke up at 5:30AM and caught a taxi to Logan Airport for my 7:30AM flight direct to LAX. I spent most of the flight napping and reading back issues of the New Yorker. I landed in LAX around 11:30AM PT and picked up my rental car. Because I was in California, my first stop was In-N-Out. I have a confession; actually, its more of a declaration: In-N-Out is not that good. Californians constantly tell me that it is, but I have been to a lot of burger places, and it is not. Instead, In-N-Out is to Californians what Dunkin Donuts is to New Englanders: it is so familiar and uniquely regional that it makes you feel like home. And sometimes thats just as (if not more) important than quality. After checking in at my hotel and changing into my suit, I drove to the First United Methodist Church of Santa Monica, which had volunteered the use of its auditorium for our event. About 90 people came, including 8 Educational Counselors (ECs), our alumni interviwers. Afterward, I headed back to my hotel near Beverly Hills and went to bed on East Coast time. Wednesday, September 3nd amp;amp;amp;amp;amp;amp;amp;lt;br /amp;amp;amp;amp;amp;amp;amp;gt;The next morning I woke up at 6AM and began a full day of school visits. How we pick which schools to visit on any given trip lies in that strange and uncertain space between arbitrary, convention, and intention. My method is to look where I need to be the next day, map out a rough route within that constraint, and then look for schools more or less along it. I prioritize public schools (~70% of MIT undergraduates attended public schools) with strong math and science programs (so that graduates will be well-prepared for MIT), especially those where, based on NCES statistics, I think there are likely to be a number of high-achieving but low-income students who may not have the means to drive halfway across Southern California to come to a central meeting. And then I call their college counselors and hope we can find a time that works for both of us. Some of these schools will send us many applicants and admits, and some very few. My job isnt so much to convince students to apply as much as to help them think about whether MIT might be a good match for them and to help them understand what a selective college admissions process looks like from the inside. So, on Wednesday, I visited: 8:15AM University High School, which has a new digital media magnet program open to all students in LAUSD as well as several small schools focusing on engineering and environmental sciences, where I spoke to about 20 students. 10:30AM Los Angeles Center for Enriched Studies, the oldest magnet school in LAUSD, where I spoke to about 12 students. 12:30PM Bravo Medical Magnet High School, which offers a magnet program in health sciences to all students in LAUSD. I spoke to about 25 students who came in during their lunch to hear about MIT. 2:15 PM Clark Magnet High School, which offers a magnet school in advanced technologies and physical sciences for students in the Glendale school district. I spoke to about 25 during the final period of their day. I then kept driving east toward Pomona where, after grabbing a burger and twice-fried (once in duck fat, and then in vegetable oil) fries at The Back Abbey in Claremont, I stopped at Bright Prospect, a CBO which helps mentor and tutor high-achieving, low-income students from all across the Pomona school district. My friend Jamilla, with whom I used to share a cubicle here at MIT before she left to work at Harvey Mudd, and I partnered to give a joint information session on both of our institutions. I then checked into my hotel in Rancho Cucamonga. Thursday, September 4th amp;amp;amp;amp;amp;amp;amp;lt;br /amp;amp;amp;amp;amp;amp;amp;gt;The next morning I woke up and prepared for my big driving day down to San Diego for the Central Meeting that evening: 8:20AM Cajon High, a high school with an IB program in the San Bernardino school district, where I spoke to about 30 students. 10:00AM Middle College High (San Bernardino), a local chapter of a national charter school program which allows students to take many of their upper level courses at a local community college, where I spoke to the entire senior class. 11:30AM John W. North High, a high school with an IB program in the Riverside school district, where I spoke to about 20 students during lunch. 2:00PM California Military Institute, a relatively new school in Perris, TX, where all students 5-12 are in a JROTC program and are also required to maintain a high GPA. I was only the second college recruiter ever to visit their school, according to the college counselor, and I spoke to about 20 students right at the end of their school day. I then kept driving south to San Diego, where I had a Central Meeting at the Qualcomm corporate offices in one of their major auditoriums. About 300 people came from all over the greater San Diego area, as well as about a dozen ECs. After the meeting, I checked in at my hotel near the airport, went for a run along the Liberty Station Esplanade, caught the end of the Packers-Seahawks game, and went to bed. Friday, September 5th amp;amp;amp;amp;amp;amp;amp;lt;br /amp;amp;amp;amp;amp;amp;amp;gt;Woke up in San Diego, drove north, and began working my way back south: 8:30AM Westview High, a public comprehensive high school in the north San Diego suburbs, where I spoke to about 6 students 10:30AM Canyon Crest, a relatively new public comprehensive high also in the north San Diego suburbs, where I spoke to about 25 students. 12:52PM The Preuss School, a charter school for low-income students who will be the first in their family to graduate from college, and which offers advanced curriculum through a partnership with UCSD (on whose campus Preuss is located). Spoke to about 20 students. 2:35PM High Tech High, a charter school in Liberty Station San Diego which, along with its partner schools (HTH Media Arts and HTH International) offers a project-based curriculum. Their CEO and founder is the former head of Cambridge Rindge and Latin near MIT. Spoke to about 25 students. After leaving High Tech High, I drove across the parking lot to Slaters 50/50, where I ordered a half-beef, half-ground-bacon topped by roasted chiles, red onion, sliced avocado, spicy bbq sauce, and a fried egg. Saturday, September 6th amp;amp;amp;amp;amp;amp;amp;lt;br /amp;amp;amp;amp;amp;amp;amp;gt;Weekends on fall travel are less hectic than weekdays but we still have to work. I woke up early and drove to Oceanside, where I met two friends from high school and their rescue pit bull Molly at Breach Break Cafe for brunch around 10 AM. I then got back in my car and continued north past Camp Pendleton and up into Orange County, where I had a Central Meeting scheduled for 2 PM at Sage Hill School in Newport Coast. I always arrive at least 90 minutes early for a Central Meeting to survey the venue, talk to the tech on hand, and make sure I beat even the most eager prospective students and parents. Even so, some OC folks showed up a good 60 minutes early, beating the beach traffic that hadnt actually materialized. Luckily, we had a large team of ECs on hand to help entertain the early arrivals before the balance of the ~250 person crowd showed up in the auditorium. After the CM ended I got back in my car and kept driving north to my hotel in Torrance near Redondo Beach. After checking in, I found a place called Bluesalt Fish Grill on Yelp. Its location (a somewhat seedy strip mall nowhere near the water) made me initially skeptical but I am glad I trusted Yelp because this place was absolutely bonkers. I crushed unlimited fresh chips + guac + salsa, equally fresh and delicious ceviche, and a plate of cajun salmon with grilled corn, garlic bread, and garden salad for about $20 total. It was around here that I did something Ive never done before: ditched BurgerMap and decided to spend the rest of my time in LA playing the Mexican food game. Sunday, September 7th amp;amp;amp;amp;amp;amp;amp;lt;br /amp;amp;amp;amp;amp;amp;amp;gt;I really, really wanted to surf while I was in LA, but when I started calling around on Friday and Saturday all the surf shops told me that it would be inadvisable for a novice like me to risk the strong seas churned up by Hurricane Norbert just off the coast. While I still suspect that this was in part a plot to keep newbies like me out of the line so the experts could enjoy the admittedly sick swells, I took the opportunity to take a run along The Strand, a paved bike path along the coast of South Bay. I started down at King Harbor and ran up to around LAX and back for about a 10 mile loop, after which I was ready to house some food and watch the Patriots game, which, in the occult manner of PT football games, began at 10AM. The hotel receptionist suggested I try Kings Hawaiian, a bakery and restaurant just down the block, and I took the opportuninty to refuel with some amazing muffins and a Portuguese donut-thing that if were to be completely honest I am crying a little bit thinking about how good it was right now: Thankfully, the immediate-onset carb coma allowed me to mostly ignore the Mess in Miami and the next thing I remember I was setting up for my next Central Meeting at Redondo Union High. At this point, I literally could (and quite possibly did, never dared to ask my hotel neighbors) have given my MIT spiel in my sleep. The benefit of knowing a speech cold is that it oddly gives you more room to improvise: because you can talk on absolute autopilot, the rest of your consciousness is observing the room, seeing whos engaged and who youve lost, thinking of how you could tweak your delivery on a joke. I know Im really in the zone when I can simultaneously talk about MIT and have a completely separate and parallel internal monologue musing about how I can improve the session Im giving on the fly. Adittedly, it helps when the crowd is composed of laid back SoCal types who greet you with a dude, nice talk, bro in the QA. I left Redondo Beach around 4 and decided to take the scenic route to the San Fernando Valley: north up Route 1 through Malibu, over the Santa Monica Mountains, and back east to Sherman Oaks. Really, I just started driving north on the 1 and figured I would search for a surf shop shielded from the worst of the waves. By the time I got to the Malibu Surf Shack, they were already closing, but not before my boy Matt pointed me just up the road to Casa Escobar, which maintained an unbroken streak of awesome food: Ceviche (mahi-mahi) with fresh guac, salsa, and chips, followed by a carnitas plate with soft tortillas dat taco doe I went out onto the Malibu Pier to digest and watch the surfing competition at Surfrider Beach next door while the sunset. Ill always be a New Englander to my cold, frozen core, but Malibu, I could get used to you. Monday, September 8th The next morning I woke up, went for a run, and then began working my way east through the San Fernando valley before turning south back into LA proper: 8:45AM John Francis Polytechnic High School, a public high school with a math/sci magnet in Sun Valley and home of the Poly 5 you may have heard about if youre from the greater LAUSD area. Jeff Hunt, the EC for Poly, and I spoke to about 100 students from all grades in the Poly library. 12:00PM Van Nuys High, a public high school with both a math/sci and a medical magnet program. I spoke to about 15 students at the college counseling center as well as an entire 11th grade Physics class, and they kindly accommodated me even though a film was being shot on campus the same day. After these two visits, I drove south into the heart of LA to visit i.am College Track (IACT) in Boyle Heights. IACT is a local chapter of the national College Track CBO run in partnership with will.i.ams i.am.angel foundation. IACT, which has been running for three years, accepts 60 students a year from Roosevelt High in Boyle Heights and provides extra mentoring, tutoring, and college advising; next year will be their first graduating class. I spoke to about 20 students here. After I left IACT, I drove into South Central LA, where I met my friend Rogelio at La Carreta. Rogelio grew up in South Central and graduated from UCLA. We were grad students together at CMS and Civic and hes now back home doing his PhD at USC under former MIT Professor Henry Jenkins. Hed promised me real Mexican food under his guidance; I dont know what makes Mexican food real or fake, but now I know mulitas are a thing and that I love them: Tuesday, September 8th amp;amp;amp;amp;amp;amp;amp;lt;br /amp;amp;amp;amp;amp;amp;amp;gt;My last day in LA was also my busiest: 8:30AM Bell High, a public high with a gifted STEM magnet, where I met without about 80 students, including what I believe were the entire AP Physics and Calculus classes (who were excused to come hear me speak and packed into the college counseling center to do so). 11:00AM Garfield High, a large public high with an AP program (made famous by the movie Stand and Deliver as the home high school of math teacher Jaime Escalante), where I met with about 25 students, many of whom were involved with the local chapter of Upward Bound. 1:00PM California Academy of Math and Science, a nonresidential public STEM magnet on the campus of CalState Dominguez Hills, where I spoke to about 20 students. After CAMS, I drove back north to downtown LA, where I met with students from Iridescent, a CBO which helps students from several high schools in central LA with STEM education and college advising (among other things). A few of their staff are MIT alumni and so the students got to hear several different pespectives on life at the Institute. Then, I drove north to Koreatown and the LA Makerspace, which meets regularly from 3-7PM at the Pio Pico Library to help students with research and technical creativity. Unfortunately, I was held up in traffic, and when I arrived most of the students were gone. However, I got to speak to their Director of Citizen Science, Ariel Levi Simons, who mentors many of the researchers, about our new Research Portfolio. One of the things that I love about MIT (which was not true of my life before MIT) is that chances are good you can find alumni friends wherever you go, secretly running everything, like a nerd Illuminati. Of my graduating CMSW S.M. cohort, several are now in LA, in screenwriting programs, working as video game designers, developing social technologies for hotels, and other cool stuff. We grabbed dinner at Birds and caught up on life at/after MIT. And with that, I drove to LAX, boarded a red-eye at 11:30AM, landed in Boston at 7:30AM, and rolled right into a day of meetings to catch up on everything Id missed on my trip out west. Id driven more than a thousand miles all over southern California, talked to more than a thousand prospective students and parents, and eaten all the amazing Mexican food I could (alas, it is never enough). Just a week in the life of an admissions officer during fall travel season!

The Life of Robert Lewis Method or Madness - 792 Words

Robert Lewis was one of the most reputable renaissance men of the theatre world, devoting much of his life to acting, teaching, directing, and writing. On March 15, 1906, Lewis was born in Brooklyn, New York, with the given name Robert Lewkowitz. From a young age, Lewis was fond of the arts. His first interest was music; he played the cello and took up his studies at the Institute of Musical Art In Manhattan and the Brooklyn Music School Settlement. In the 1920’s, Lewis decided to switch gears and he began to pursue acting. He first entered the theatre scene when he began acting with the Civic Repertory Theatre and Sue Hastings’ Marionette Company. Lewis is well known for his contributions to Group Theatre and Actors Studio, along with his other workshop, teaching and acting endeavors. From 1931 to 1941, Robert Lewis acted for the Group Theatre, a theatre created by Lee Strasberg, Harold Clurman, and Cheryl Crawford. He served as one of the original members of the compa ny. Lewis appeared in many of their plays during this decade. The Group Theatre worked under the principles of Konstantin Stanislavski and Eugene Vakhtangov. After the ultimate collapse of the Group Theatre, these ideas carried over to the Actors Studio. Before the Actors Studio was created, a project called the Dollar Top Theatre went underway but was never completed. The Actors Studio was developed by Robert Lewis in collaboration with Cheryl Crawford and Elia Kazan. It was an acting workshop created inShow MoreRelatedSaints, Scholars and Schizophrenics1506 Words   |  7 Pagesis generally accepted that schizophrenia is a condition in which the person alters his representation of reality in order to escape or withdraw from seemingly unresolvable conflicts and from social interactions that are painful.†(Nancy quotes Hill, Lewis B 1955) as important defining quote of what is incorporated in characteristics of schizophrenia. In the mid 1970’s, in rural Ireland, cases o f mental illness and schizophrenia was abnormally high; Nancy Scheper in her ethnography uncovers possibleRead MoreThe Many Faces of Johnny Depp1675 Words   |  7 Pagesevery part they play (DArpino 2). You often know what to expect from them. Johnny Depp, on the other hand, is able to always surprise his audience and leave them on the edge of their seat. Three movies that truly show Johnny Depp’s true dedication to method acting and wide range of characters throughout his career are Edward Scissorhands, Don Juan de Marco, and Pirates of the Caribbean. His roles in these films are very different, and they show his ability to explore and develop varies characters. ThatRead MoreEssay on Gothic Fiction: An Analysis of Space in The Monk3618 Words   |  15 Pageson creating images connected with human perception. During the process of reading readers often use their imagination. Therefore, depiction of old castles, ruined abbeys, monasteries, subterranean passages, vaults, or secret panels, is a standard method of creating the atmosphere. As Izdebska claims, â€Å"[t]he subject of a story is event in some space, but also the space itself† (33). A typical example is the setting in Horace Walople’s Otranto, being almost a character in the novel. The castle withRead More Alices Adventures in Wonderland, Through the Looking Glass and What Alice Found There3320 Words   |  14 PagesAlice (Carroll, Alices Adventures in Wonderland 9). At the time she was speaking of the fact that her body seemed to be growing to immense proportions before her very eyes; however, she could instead have been speaking about the entire nature of Lewis Carrolls classic works Alices Adventures in Wonderland and Through the Looking Glass and What Alice Found There. At first glance, the novels seem easy enough to understand. They are simple childrens stories filled with fantastical language and wonderfulRead MoreEssay on Framing the User: Social Constructions of Mariju ana Users9798 Words   |  40 PagesControl movement to employ a frame that portrayed smokers as unwilling victims of a tobacco industry conspiracy unwillingly (or at least unknowingly) exposed to a highly addictive substance that had grave health consequences promoted by deceptive methods. However, it was not until the movement shifted its master frame from smokers’ health frame to one of nonsmokers’ rights did the movement become successful (Mian 1988). Perceptions of Marijuana Users and its Effects: A Historical Overview MarijuanaRead MoreHonorable Style in Dishonorable Times: American Gangsters of the 1920s and 1930s6221 Words   |  25 Pagescriminality and potential jail time, but it also says much about the lifestyle of this infamous crook. Planning a tranquil retreat in Florida while being fitted for a made-to-measure suit in a highend hotel, Capone appeared to be a man who lived a life of wealth and leisure and who chose to flaunt his affluence through an ex pensive wardrobe. However, that he preferred stylish clothing as a means to indicate his financial success was not an unusual practice among mobsters. Rather, stylish consumptionRead MoreSAT Top 30 Essay Evidence18536 Words   |  75 Pages............................................................................ 15 Napoleon Hill and Think and Grow Rich (The Original Self-Help Book) ............................................... 17 Vincent van Gogh (A master painter struck by madness) ........................................................................ 19 Athletes and Sports Stars: Bethany Hamilton (Young surfer and shark-attack survivor)................................................................... 21 Billie JeanRead MoreDevelopment by Gustavo Esteva8857 Words   |  36 Pagesunderdeveloped areas while writing on the economic basis for peace in 1942.2 But the expression found no further echo, either with the public or with the experts. Two years later. Rosens tein-Rodan continued to speak of economically backward areas. Arthur Lewis, also in 1944, referred to the gap between the rich and the poor nations. Throughout the decade, the expression appeared occasionally in technical books or United Nations documents. But it only acquired relevance when Truman presented it as the emblemRead MoreSwami Vivekananda14669 Words   |  59 PagesVivekananda | 1.1 Birth and Early life | | 1.2 With Ramakrishna | | 1.3 Wanderings in India | | 1.4 In the west | | 1.5 Back in India | | 1.6 Death | | | 2 Principles and Philosophy of Swami Vivekananda | | 3 Works of Swami Vivekananda | | 4 Interaction with contemporary giants | | 5 Quotes of Swami Vivekananda | | 6 Trivia avout Swami Vivekananda | | 7 Recommended Reading | | Biography of Swami Vivekananda Birth and Early life Narendranath Dutta was born in ShimlaRead MoreContemporary Issues in Management Accounting211377 Words   |  846 Pagesmanagerial accounting issues Stanley Baiman 3. Reframing management accounting practice: a diversity of perspectives Jane Baxter and Wai Fong Chua 4. Management accounting and digitization Alnoor Bhimani 5. The contingent design of performance measures Robert H. Chenhall 6. Integrated cost management Robin Cooper and Regine Slagmulder 7. Capital bugeting and informational impediments: a management accounting perspective Lawrence A. Gordon, Martin P. Loeb, and Chih-Yang Tseng 8. Accounting and strategy:

The History Of Clive Peeters Foundation To Its Collapse Finance Essay - Free Essay Example

Sample details Pages: 8 Words: 2312 Downloads: 3 Date added: 2017/06/26 Category Finance Essay Type Analytical essay Did you like this example? This report is about the history of Clive peeters foundation to its collapse. It has been examined under various accounting methods like, analysis credit history and various types of ratio analysis based on financial statement from 2006 to 2009. This presentation has been included the compare and contrast with some other companies. Don’t waste time! Our writers will create an original "The History Of Clive Peeters Foundation To Its Collapse Finance Essay" essay for you Create order Basically, highlighted on the causes of collapse, current status of company like, Voluntary administration, receivership, liquidation. The major findings point out that the company had serious defects in its business policy and ultimately failed to deliver due to its heavy reliance on debt attached with some other factors like: bad image caused by the theft of the company accountant, too much discounting, company size and recession. It is concluded with the company foreseeable future by my own view. Contents Page no Company Overview 1 Different types of companies 1 Analysis various Ratios and comments 3 Reasons collapsed of Clive Peeters ltd 6 Status of quo of Clive peters 8 Clive Peeters foreseeable future 9 References 10Table of contents Company Overview: Clive Peeters was one of the largest retailers of electrical appliances which have operated in Melbourne under its present ownership since 1993 and in Brisbane since 2001. The Company was trading as Clive Peeters in Victoria, Queensland, New South Wales and Tasmania, and trade as Rick Hart in Western Australia. It had more than 140 brands and over 20000 individual product models. With 44 stores and about 1300 staffs, it has been suffered by a gigantic financial loss. Earlier three months just before collapsed, it was expected to be the operating loss $4.5 million. It has carried on a huge corruption in its accounts department. A payroll officer had stolen $20 million. Because of Scandals of accounting fraud, huge debts, operating loss, competition with its rival companies, and Model of Sales marketing policy were the main causes of collapse. Clive Peeters financial woes have deepened as bank creditor NAB called in receivership to seize control of the company. And as a result, it w as being placed into voluntary administration. Harvey Norman acquired 32 Clive Peeters retail stores and the companys commercial network for $55 million. (Overview: Clive Peeters Limited Website) Different types of companies: Under corporation act(s 112), mainly two type of companies are permitted to be registered. One is proprietary company another is public company. According to the s 112, proprietary company is classified as limited by share, unlimited with share capital. Likewise, public company is classified as public company, limited by guarantee, unlimited with share capital, no liability company. Other titles of companies would be listed corporation, Disclosing entities, Foreign companies, No- Liabilities companies, Text book 8th edd page no3, 5 Clive Peeters Limited: Clive Peeters is a public company limited by share capital and its ABN is 52 058 868 018. It is a listed company of Australia stock exchange. The Company was incorporated in Victoria on 5 February 1993 and acted as the trustee for the Clive Peeters Electrical Trust (Trust) from 1993 to 31 March 2002. On 1 April 2002, the operating activities of the Trust were shifted to the Company. The Company got hold of all of the shares in Clive Peeters Wholesale Pty Ltd in January 2005. All of the shares of Clive Peeters Home Entertainment (Brisbane) Pty Ltd and Clive Peeters Appliances (Brisbane) Pty Ltd were held on trust for the Company until 1 July 2005 at which time those shares were acquired by the Company. The Company was registered as a public company in Victoria on 14 July 2005. On 20th September 2005, Clive Peeters Limited fully acquired and took control of the Rick Hart Group as well as acquired the business of Michael King Hawthorn Pty Ltd (MK), at the same time. CPA Australia: CPA Australia Ltd (CPA Australia) is a leading advocate of sound corporate governance. CPA is the very important member of Australian Stock Exchange Corporate Governance Council (ASXCGC). It develops corporate governance principal and recommendations (CGPR). It is an unlisted company and limited by guarantee. CPA Australia ABN is 64 008 392 452. According to Company Accounting Leo Hogget Sweeting Redford, p 5. CPA Australia limited by guaranty that means no required share capital for its formation. A public company limited by guarantee is one of which members guarantee to contribute a certain amount in the event of liquidation. Source: (CPA Australia wesite) SingTel Optus Pty Ltd. Singapore telecommunications Limited is listed on the Australian and Singapore stock exchanges. Its a private limited company and limited by share capital. SingTel is the parent company of Optus since 2001. In the Asia pacific region Optus is operating one of the largest strong and strategic telecommunications businesses.(ASX website) Kimberley Diamond Company NL: Kimberley Diamond Company NL is an Australian public company. The main revenue generating source is diamond mining and exploration. It was a public company with no liability. No liability abbreviated NL (ss 148-149) . According to s 112(2) of Act, a no liability company has some criteria to register 1.has a share capital, sole objects are mining purposes and under s 9 mining purposes are defined. According to Company Accounting by Leo Hogget Sweeting Redford, eight edition, p 6. Kimberley Diamond Company NL was a ASX listed Company before2008. After that it company was acquired by Gem Diamonds Australia Pty Ltd, and re moved from the official ASX list.source: (www.ibisworld.com.au) Here, above discussion we can able to find out all four companies including Clive petters ltd. Are different nature different formation even different activities. Clive Peeters is a public company limited by share capital and ASX listed company, CPA Australia is public company limited by guarantee ASX unlisted company nature is corporate governance, SingTel Optus Pty Ltd is a private company limited by share capital and listed on both the Australian and Singapore stock exchanges, nature of business telecommunications. And Kimberley Diamond Company NL was a public company with no liability but it had a share capital and it was listed before 2008.nature of business was mining. Analysis various Ratios and comments: Debt Equity Ratio: It points to what proportion of equity and debt the company is using to finance its assets. A high debt/equity ratio generally means that a company has been aggressive in financing its growth. Year 2006 = 87.6/71.6=1.22 Year 2007 = 118.1/77.6=1,52 Year 2008= 174.8/80.2 = 2.18 Year 2009 = 150.8/69.4 = 2.17 Analyzing the result of Clive peeters, we can say that there was really aggressiveness in finance invested for its rapid growth. We can see from the above figures that Clive Peeters Limiteds debt-equity ratio increased significantly over the years from 2006 to 2009. This meant that over the years Clive Peters Limited had relied a lot on borrowings from external lenders for their business activities. The Debt Ratio: It indicates what proportion of debt a company has comparative to its assets. The formula of debt ratio= Total liabilities / Total assets For the year: 2006: Debt ratio =87513000 / 159161000 =ÂÂ  0.55 2007: Debt ratio = 118114000 / 195672000 = 0.60 2008: Debt ratio = .1991433000 / 5367682000 = 0.68 2009: Debt ratio = 150775000 / 220178000 = 0.68 Analyzing results of all years, it found that all debt ratios were less than 1. That means, its indicated indicates thatÂÂ  a company has more assets than debt. Current Ratio: A liquidityÂÂ  ratio that measuresÂÂ  a companys capability to pay short-term obligations The formula is: Current Ratio = Current assets/ Current liabilities. The ratio is mostly used to give a suggestion of the companys ability to pay backÂÂ  its short-term liabilities with its short-term assets. The higher the current ratio, the more capable the company is of paying its obligations. A ratio underÂÂ  1 suggests that the companyÂÂ  wouldÂÂ  beÂÂ  unable to pay offÂÂ  its obligations if they came due at that point. Here, Clive peeters current ratio was: For the year 2006: current ratio = 115,251000 / 8,3475000 =1.38 For the year 2007: current ratio = 140526000 /114,882000ÂÂ  = 1.22 For the year 2008: current ratio =4,813,101ÂÂ  000 / 1,830,538000= 2.63 For the year 2009: current ratio =158,853ÂÂ  000 / 111,208ÂÂ  000=1.43 It indicating that clive peters current ratios was entering into danger zone up to 2009. Acid Test Ratio: This test indicatesÂÂ  whether a firm has enough short-term assets to cover its immediate liabilities without selling inventory. Companies with ratiosÂÂ  of less than 1 cannot pay their current liabilities and should be looked at with extreme caution. Acid test ratio =Cash + Accounts Receivable + Short-term Investments / Current Liabilities There is an another formula= Current Assets Inventory / Current Liabilities Acid test ratio, for the year: 2006: = (115, 251000 74061000) / 8,3475000 =0.49 2007 = (140526000 98906000) / 114,882000ÂÂ  = 0.36 2008 = (4,813,101ÂÂ  000 2550283000) / 1, 830, 538000= 0.42 2009: = (158,853ÂÂ  000 108080000) / 111,208ÂÂ  000= 0.46 Its proved that over the period Clive peters was not capable to pay current liabilities. The Times Interest Earned (TIE) Ratio: The formula is: Earnings before Interest and Taxes (EBIT) = Total Interest Charges (IT) For the year: 2006=19.51 /1.4 =13.94 2007 =20.57 /27.02 =0.75 2008 =17.03 /16.07 =1.04 2009 = 11.65/3.42= 3.42 From the above calculations are showing Clive Peeters Limiteds Times Interest Earned ratio dropped significantly to a negative figure on 2009 which eventually forced Clive Peeters Limited to be declared as bankrupt Reasons collapsed of Clive Peeters ltd.: The collapse of Clive Peeters did not come as a shock to many in the retail sector. it appeared that the company had been punched by a $20 million accounting scandal in august 2009 , than industry experts had realised that it would be fallen into deep trouble within shot time. Earlier this year 2010 Clive Peeters was expected its operating loss for the three months to March 31 be $4.5 million The key creditor of clive peters in Banking sector Natioal Australian Bank ( NAB ) formerly placed Clive Peeters into receivership. It was the moment of its fallen down . Huge debts slay of its endurance desires: Clive Peeters financial report for the six months to December 31 shows the company had total debt of $160 million at December 31.the reasons of this debt was it was trying toexpand its business as soon as possible, so that it had acquired some smaller competitors by increasing its debt. In the earlier boom years its business was good, because consumer has money and economy was going well , consumers were buying plasma tvs etc, but when , downturn of economy its debts become a headache since march 2009. NAB disagreed to cover its debt anymore. Within 12 months its become mostly sick business who could survive anymore. Market policy: Most whitegood retailers, Clive Peeters was being alive and passed away on its ability to stay alive on poor margins. In this sector, Harvey Norman, JB Hi-Fi and The Good Guys are constantly on sale and constantly offering discounts to tempt consumers. With discounts widespread retailers like Clive Peeters require to rely on volume. Competition: Its another reminder that in many sectors, the Australian economy only supports very big or very small companies. Clive Peeters had 45 stores where Harvey Normans more than 100 stores,it may have found itself in a dangerous middle ground not big enough to battle with the extent and financial power of Harvey Norman, and too big to be seen as a specialist niche retailer. While the Top company like Harvey Norman can avoid discounting wars and operate business its own desires by focussing on service. Specialist products or a certain area of the market, mid-sized player like Clive Peeters have no choice but to take on Harvey Norman at their own discount game. Its another reminder that in many sectors, the Australian economy only supports very big or very small companies. Accounting Scandal: Clive Peeters suffered with an accounting scandal when a Female payroll officer Sonya Causer, 39 allegedly stole $20 million. This fraud made a scary thing for its all investors and creditors, suppliers. Plenty of irregularities in accounting sector made really a unstable situation in market. Above discussions we can say, these were the main causes of Clive peeter collapse. Status of quo of Clive peters: At the first meeting of creditors held on 28 May 2010, Mr Brendan Richards and Mr George Georges of Ferrier Hodgson were appointed as replacement joint and several Administrators of the Clive Peeters group. At a second meeting of creditors held on 20 July 2010, determined to place some entities( Clivpee Ltd Clivwho Pty Ltd , Clivpkb Pty Ltd , Hi-Fi Corporation (WA) Pty Ltd , NTFQ Pty Ltd ,Rickhar Pty Ltd .) into Liquidation. For that, George Georges and Brendan Richards were appointed Liquidators pursuant to Section 499(2A) of the Act to wind up the Companies affairs and distributing its property. (Source:www.asic.gov.au) There are different kinds of external administration in case a company is in financial hardship. The major three of these are as follows: Voluntary administration: Voluntary administration works with insolvency process where the directors of a financially troubled company or a secured creditor with a accuse over most of the companys assets appoint an external administrator called a voluntary administrator. Appointment of A voluntary administrator: commonly companys director, less commonly by liquidator, provisional liquidator, or a secured creditor. Receivership: A company most usually goes into receivership when a receiver is appointed by a secured creditor who holds security over some or all of the companys assets. The receivers primary role is to collect and sell sufficient of the companys charged assets to repay the debt owed to the secured creditor. (Source: www.asic.gov.au) Liquidation: Liquidation is the winding up arrangement of a companys dealings. It engages realizing the companys assets, termination or sale of its operation, distributing the proceeds of realization among its creditors and dealing out any surplus among its stakeholders. (Source:www.asic.gov.au) Bottom of Form Clive Peeters foreseeable future: It is very difficult to survive in current situation if the current administrators be returned to the directors; it would not able to helping any way to reboots Clive peters. In my view, where its debt is massive against the assets there is no way to keep alive Clive peters for future competitive business arena. It is better to go into enter into liquidation of whole group of business. Another way, we all know that 32of the Clive Peeters stores were bought by Harvey Norman Holdings Limited after it went into voluntary administration. Its original name was kept as it is and its staffs in some of its stores were being able to keep their jobs. In my view, though Harvey Norman has bought part of its business, to keep the company afloat more money needs to be injected and its whole business structure needs a restructuring. Otherwise, it is going to be very difficult to keep Clive Peeters Limited from getting liquidated.

The Importance of Critical Thinking Skills Essay examples

This action research paper addresses the importance of critical thinking skills rather than memorization in teaching for historical understanding. Students generally perceive that history is a boring subject in which they have to memorise massive amount of information about the past and recall it during examinations in order to pass the subject. They find that history bears no relevance to everyday life. Educators play an important role in helping students to shed some light that history is not about the past, but rather about our ways of creating meanings from and about it (Kellner, 1989, p.10). Foster and Padgett (1999) emphasized authentic historical inquiry, focusing on critical thinking skills, to counter the transmission mode and†¦show more content†¦One of the best ways in engaging students to think critically about the past is through historical empathy in which they would be introduced to a level of engagement and challenge which goes beyond ‘knowing factsâ₠¬â„¢. Historical empathy as defined by Barton and Levstik, should include two essential components: the traditional view of empathy as â€Å"perspective recognition† as well as the element of â€Å"care†. They identified four types of caring. Pupils caring about in the past historical events; caring that referring to pupil’s reaction to the consequences of an historical event; caring for which indicates a student’s desire to help the people in the past because he or she feels badly about what was happening to them and finally caring to which is a call to respond to the present based on the pupil’s reactions to past events. Historical empathy is an important tool in facilitating pupils’ understanding on how people from the past thought, felt, made decisions, acted and faced consequences within a specific historical and social context. By engaging in historical empathy, students undergo the basic process of critical thinking in which Brookfield clearly defines it as (1) identifying assumptions that frame our thinking and determine our actions, (2) checking out the degree to which these assumptionsShow MoreRelatedThe Importance Of Office Skills And Critical Thinking Skills On The Job967 Words   |  4 Pageswritten by Hart Association. The article goes over the importance of office skills and critical thinking skills on the job. The article survey 365 employers and 65 business and they all have reach the same conclusion of college graduates needing skills that can contribute to the work force. The association states that there is more to the hiring process of a graduate than just having their coll ege degree. The association values communication skills and work ethic in a employee during the hiring processRead MoreThe Importance Of Teaching Critical Thinking Skills1318 Words   |  6 PagesTEACHING CRITICAL THINKING SKILLS IN THE CLASSROOM 3 Teaching Critical-Thinking Skills in the Classroom When a person speaks of being â€Å"critical† today, it is often thought of as a negative thing. What many people don’t realize is that thinking critically is how we determine right from wrong, or something as simple as which fruit to purchase at the supermarket. We draw upon what we know and compare that to what is in order to make a decision. Students often lack critical-thinking skillsRead MoreThe Importance of Critical Thinking Skills in Accounting Education3858 Words   |  16 Pages Critical Perspectives in Accounting Individual Critical Research Paper Lecturer: Mary Canning 2012 Gillian Bane 58043884 4/20/2012 AC550 - Critical Perspectives in Accounting Individual Critical Research Paper Lecturer: Mary Canning 2012 Gillian Bane 58043884 4/20/2012 Contents Critical Research Paper†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦2 - Chosen Topic†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.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‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦3 - Critical Thinking- DefinitionsRead MoreReflective Essay : Critical Thinking And The Importance Of Thinking901 Words   |  4 PagesEssay Thinkingï ¼Å' for a person it can be a simple process to reflect or consider something. However, thinking critically is more difficult do. It demonstrates the ability of a person to be reflectively engaging and independent thinking. Critical thinking means how well a persons ability to think clearly, logically and intelligently about what to do or what to believe. In the essay following, I will include a detailed explanation of what critical skill is and clearly evaluate the importance for meRead MoreCritical Thinking Essay1163 Words   |  5 PagesINTRODUCTION Critical thinking has been defined in great depth over thousands of years yet comparison of many of these definitions show the emphasis alters between what characteristic is deemed most important for each individual. However the definition alters, the same three important principles are always included: scepticism, open-mindedness and objectivity. It is important for each individual to conclude his or her own definition of critical thinking to enable a specific authenticity thatRead MoreCritical Thinking in Decision Making Essay848 Words   |  4 PagesCritical Thinking in Decision Making Debra Rodriguez MGT 350 August 6, 2012 Karen Allen Critical thinking is a mode of thinking where one improves his or her quality by applying intellectual skills to elements of decisions to make solid decisions to develop intellectual traits. It is important to enhance ones critical thinking skills to improve decision-making capabilties in life and create new opportunities. Critical thinking is the ability of evaluating and assessing thoughts with the aimRead MoreThe Problem And It s Background Essay1030 Words   |  5 Pagesis also common knowledge that when you are a critical thinker, you have a wide range of subjective analysis to things and tend to think in a more systematic and precise perspective. You oversee things in a mathematical way. A critical thinker also applies different strategies and approaches to uncover meanings to secure an understanding of it. We may not always want to apply these skills in critical thinking but we should still hold on these said skills so when we need them we can employ them, especiallyRead MoreFirst Year Students Need Their Fundamental Study Skills to Make the Necessary Adjustments to Achieve Their Successful Journey at University1351 Words   |  6 Pagesterms of study skills, which I bring with me as my scholarship at university, and new skills I must develop. I will use two readings and two lectures as my references to support my thesis and main points. The thesis of my essay is first year students need their fundamental study skills to make the necessary adjustments to achieve their successful journey at university. The main points that will be outlined in this essay are the importance of becoming a critical thinker, verbal skill linked with academicRead MoreReview Of Look At Your Fish 987 Words   |  4 PagesEducations role in developing creative and critical thinking places a valuable and be neficial skill for students thought process. Because of educations appreciation to teach on creativity and critical thinking, the three articles give you great examples and insight on critical thinking and creativity. In Laura Pappano’s test â€Å"Learning to Think Outside the Box†, she informs her audience that her main argument states that creativity and creative thinking can be very so taught, and colleges from allRead MoreThe Components Of Critical Thinking1330 Words   |  6 Pages According to The Critical Thinking Community website, critical thinking is defined as the ability to consider and to analyze information in an unbiased manner in order to make decisions and judgments (2013). Critical thinking is important. Blooms Taxonomy breaks critical thinking as Evaluation Synthesis Analysis Application, Comprehension and Knowledge. The components of critical thinking are: the application of logic and accepted intellectual standards to reasoning; the ability to access and evaluate