John Locke s Theory Of Power Essay - 1693 Words

I will begin by giving a little background on the philosopher John Locke. Locke was born on August 28, 1632 near the city of Pensford in England, and he was educated at Westminster School in London in 1647 . After extensive reading and learning Locke began writing a number of different philosophical treatises and essays starting about 1680 and continuing through 1699 when he decided to spend the rest of his life in quiet reflection . The piece ok Locke’s work that we will be looking at for the purpose this paper is his book, An Essay concerning Human Understanding, and more specifically chapter twenty one that discusses his notion of power. I hope to accomplish two things in this paper. The first part, is to use this chapter and commentaries to explore Locke definition of power, which is when the mind, â€Å"informed by the senses,† is aware of and reflects on the changes that are internal to the self and external to the object relating to the senses . Locke then continues that there are two ways to look at power, the first is the power to make changes and the second is the power to be a receiver of changes . This is Locke’s notion of power formulated in a simplistic form, and I will attempt to explain the complex arguments he makes so that they will be more clear and direct. In the second part I will bring to light some of Locke’s errors in his consideration of pleasure and pain, according to the determination and morality of the will. Locke’s goal for happiness in lifeShow MoreRelatedThe Work Of John Locke1395 Words   |  6 PagesDifferent theorists have attempted to explain why individuals submit themselves to an external power to form a society. Some philosophers argue that individuals submit themselves to an external power on a contractual basis through the mutual transfer of right since, primarily, everyone has a right to everything. On party, therefore, foregoes certain natural rights and so does the other so that both converge to limited rights that govern them. Such philosophers base their argument on the assumptionRead MoreJohn Locke s Theory Of Government884 Words   |  4 PagesThis essay will discuss and show how Thomas Jefferson’s theory of revolution follows the speculation of government from the philosopher John Locke. We’ll additionally discuss Thomas Hobbes’s theory of government. Both John Locke and Jefferson’s theories contributed to the American Revolution and to the Declaration of Independence. Thomas Jefferson’s theory of revolution found within the Declaration of Independence follows John Locke’s theory of government in multiple aspects, as well as in both theRead MoreThomas Hobbes And John Locke1346 Words   |  6 PagesContracts Thomas Hobbes and John Locke were two English political philosophers, who have had a lasting impact on modern political science. Thomas Hobbes and John Locke both spent much of their lives attempting to identify the best form of government. Locke and Hobbes were among the most prominent of theorists when it came to social contract and human rights. A Social Contract is an agreement among the members of a society to cooperate for social benefits. Thomas Hobbes and John Locke, are the two basic figuresRead MoreJohn Locke And Thomas Hobbes1287 Words   |  6 Pageshumankind and their rights. John Locke and Thomas Hobbes were both political philosophers who developed theories about how the government should work. They set up their theories around The Natural Law and the Social Contract Theory. Although John Locke and Thomas Hobbes had a similar goal, their beliefs and opinions were definitely not the same. John Locke and Thomas Hobbes both believed in the Natural Law and the Social Contract Theory. They both developed and worked their theories and philosophies aroundRead MoreThe Enlightenment Theory Of John Locke1627 Words   |  7 PagesThe Enlightenment theory philosophies of John Locke offered a future that could drastically change government, economic and social ideals. Thomas Jefferson borrowed liberally from the enlightenment theory from John Locke, specifically focusing on Locks theories of the equality of men, natural rights, and that people should have a say on how the government treated people. Jefferson created a draft document created a bold experiment, America. The enlightenment philosophy of John Locke theorized that thatRead MoreThe Enlightenment By Thomas Paine And John Locke1709 Words   |  7 Pagesand science. Enlightenment thinkers who emulate these spreading of ideas include Thomas Paine and John Locke. Thomas Paine constructed The Age of Reason challenging tradi tional religion and validity of the Bible, while John Locke established The Second Treatises of Government which explained the need for a more civilized society with natural rights. Influences from enlightenment thinkers like Locke and Paine, are what shaped individuals attitudes about politics and religion within their societyRead More Locke and Publius: Comparing Their Views on Civil Government1500 Words   |  6 Pagesdebates, theories and agendas set forward as to what the best form of government is. Many of those individuals and groups who have written on the topic have their critics because they offer points that are highly controversial in theory and problematic when put into practice. John Locke and Publius, which is the collective name for Alexander Hamilton, James Madison and John Jay, both published essays with regards to the nature of government and largely championed the notion of democracy. With Locke writingRead MoreNasty, Brutish, And Short By Thomas Hobbes Essay1198 Words   |  5 Pagesâ€Å"Nasty, brutish, and short†. Thomas Hobbes s famously poetic description of pre-political life that is invariably repeated in just about every poli tical science program throughout the Western world. It is a phrase that motivates a strikingly persuasive argument for the solution of government. For Hobbes, this is the State of Nature, and thus the precursory basis for human politics. However, his pessimistic view of the State of Nature has been refuted by other men of great intellectual influenceRead MoreThe Social Contract Theories Of Thomas Hobbes And John Locke1210 Words   |  5 PagesMahogany Mills Professor: Dr. Arnold Political Philosophy 4 February 2015 Compare and contrast the social contract theories of Thomas Hobbes and John Locke In the beginning of time, there was no government to regulate man. This caused a burden on society and these hardships had to be conquered, which is when a social contract was developed. The social contract theory is a model that addresses the questions of the origin of society and the legitimacy of the authority of the state over an individualRead MoreJohn Locke s Theory Of Theory And Social Discourse1253 Words   |  6 PagesIn 1690, John Locke, an Englishman, wrote his Second Treatise on Government which argued for a government featuring a societal sovereign that protected property. A half century later, Jean Jacques Rousseau published Discourse on Inequality, a piece that explored the proprietary origin and distribution of equality while subtly critiquing John Locke’s theories. By the time Karl Marx began to explore bourgeois society and its shortcomings, Rousseau was an established Locke critique who Marx’s On the

Comptronix Corporation Case Study - 2354 Words

A439: Advanced Auditing Accounting and Review Services Take Home Quiz February 6, 2008 Instructions: 1. On the Scantrom form in box labeled â€Å"Test No.† print â€Å"Review Services.† 2. Use the Scantron form to indicate your answers to the questions below. 3. Turn-in the Scantron sheet on the due date. 4. Open book, open note, online searches are all allowed. 5. NOT allowed – using other students, people or CPA exam review books. Suggestion: If you plan to take the Auditing portion of the CPA Exam â€Å"soon,† take 10 – 15 minutes to review your notes and text, and then take the quiz without notes, etc. After that if you want to do research and change answers do so, but keep track of the original answers so you can assess your knowledge†¦show more content†¦Typed client-prepared financial statements, without modification, as an accommodation to the client. b. Provided a client with a financial statement format that does not include dollar amounts to be used by the client in preparing financial statements. c. Proposed correcting journal entries to be recorded by the client that change client-prepared financial statements. d. Prepared, through the use of computer software, financial statements to be used by third parties. 8. When an accountant performs more than one level of service (for example, a compilation and a review, or a compilation and an audit) concerning the financial statements of a nonpublic entity, the accountant ordinarily should issue the report that is appropriate for a. The lowest level of service rendered. b. The highest level of service rendered. c. A compilation engagement. d. A review engagement. 9. An accountant should not submit unaudited financial statements to the management of a nonpublic company unless, at a minimum, the accountant a. Assists in adjusting the books of account and preparing the trial balance. b. Types or reproduces the financial statements. c. Complies with the standards applicable to compilation engagements. d. Applies analytical procedures to the financial statements. 10. When engaged to compile the financial statements of a nonpublic entity, an accountant is required to possess a level of knowledge of the entity’s accountingShow MoreRelatedWaste Management33554 Words   |  135 PagesEnron Corporation and Andersen, LLP Analyzing the Fall of Two Giants . . . . . . . . . . . 4.2 Comptronix Corporation 4.3 Cendant Corporation . . . . . . . . . . . . . . . . . . . . . . Identifying Inherent Risk and Control Risk Factors . . . . . . . . . . . . . . . . . . . . . . . . 111 119 127 137 Assessing the Control Environment and Evaluating Risk of Financial Statement Fraud . . . . . . . . . . . . . . . . . . . . . . 4.4 Waste Management, Inc. 4.5 Xerox Corporation 4.6Read MoreCase 4.6. Phar-Mor Inc.8093 Words   |  33 Pages|Case 4.6 | |Instructional Notes | | | |Phar-Mor, Inc.:

Personal Statement Expo Reading and Writing Free Essays

I’m not a leader In ASB for the awards or admiration, although I respect those few who do choose to lead for the credibility. I don’t lead for the satisfaction, although my never ending smile at the end of a good rally indicates otherwise. I don’t lead because I have anything to prove, although I’ve proven a lot to myself along the way. We will write a custom essay sample on Personal Statement: Expo Reading and Writing or any similar topic only for you Order Now I lead for the feeling of every student on my campus becoming one, so perfectly matched In school spirit and school pride. I lead to feel the rush of my heart every ime I see a sea of orange and hear the deafening cheer of the crowd. I lead because it Isn’t easy to get thousands In a school Involved I lead for the challenge to fill the stands at every rally fill and to fill every seat at any blood drive. I am a leader in ASB to get my message across so know I left a legend when I turn to leave for college. I not only lead for myself, but for my fellow students as well, my family and my equals. Prompt 2 I was working on a school project when I got a call from my dad saying he was coming right away to come pick me up, I remember the sheathing anger I felt arguing hat no he wasnt going to pick me up that I really needed to flnlsh this school project. I still shake my head in dismay knowing the fact I in fact didnt need to finish the project I Just wanted to hang out with my friends. I cant pretend that I didnt sulk my way to my dad’s waiting vehicle that I looked at him with a scowl across my face. Nor can I wipe away from my memory the words he said next mfour sister is in the hospital, she’s lost her baby and she’s asking for you. † This complete wash of emotion that came over me the shame the concern I was mortified with myself. How could I ave been so mad about my Importance when my sister had Just faced a devastating event? Looking up and saying â€Å"Take me to her. † The drive to the hospital was long I sat in a seat of despair. What would I say to my sister? How would I face her? ye never been one to be comfortable around sadness; my childhood had been stripped of innocence as I had faced several of my mother’s divorces and countless deaths. I had taught myself to be unemotional towards sickness and sorrow for they brought never ending hurt and unmasked truths to lies. Should I cry when I knew my eyes would be dry? Going into my sisters hospital room I looked from her so fragile and upset to my mother’s face streaked with tears. My meek voice barely audible above the beeping of many machines â€Å"Hey there. Was it wrong that I felt uncomfortable around all the sickness and gloom that came hand in hand with hospitals, like I could feel the reaper in every corner? All I could do was make Jokes when it wasnt time to laugn, my attempt to Drlng napplness wnere none could De Touna. loucn my sister’s hand while asking myself â€Å"Am I doing this right? † My dad wouldn’t stop looking at me after we left constantly asking are you alright? Calculating and recording every answer every movement I made. Truth is I don’t know if I was alright I didn’t know if I was allowed to be. My sister has never really been the same since that event, but then again no one else has been either. My mom cherishes us children a little bit more. My sister cherishes those who supported her and held her hand through the situation. And l, well I cherish my family every second of every day. â€Å"Life is fragile†, a saying used in many ways, but one doesn’t really know how fragile a life is until youVe been there to see its fragility. How to cite Personal Statement: Expo Reading and Writing, Papers

Policy Changes In An Emerging Stock Market -Myassignmenthelp.Com

Question: Discuss About The Policy Changes In An Emerging Stock Market? Answer: Introduction: Business Finance is a part of finance which covers great varieties of disciplines and activities which is revolving around the money management and valuation of assets. This accounting system makes it easy for the professionals to understand the position and worth of an organization in the industry, various tools are covered in this financial type. With the help of business finance, PRO PAC PACKAGING LIMITED Company has been evaluated. This report paper explains about the position, performance and the investment opportunity in the company. For evaluating the investment opportunity of the company, annual report of the company has been identified and the stock price of the company has been compared with the Australian ordinary stock prices (Travlos, Trigeorgis and Vafeas, 2015). Corporate governance, ratio analysis, changes in the stock price, factors through which the stock price of the company has been affected, cost of equity, cost of debt, cost of capital, risk, return etc has been evaluated. Further, a letter of recommendation has been prepared for the client of the company to recommend about the investment in the company. Brief Description of company: PRO PAC PACKAGING LIMITED is a manufacturing company which is working in the Australian market along with its various subsidiary companies. This company manufactures, delivers and serves the industrial, rigid and protective packaging to the products in Australian market as well as various foreign countries. The industrial packaging division of the company manufactures distributes and sources the industrial packaging material (Bloomberg, 2018). It also focuses on install, maintain and support the packaging tools systems and machineries. Currently, the revenue of the company is AUD 229244000. The diversification and strategic financial policies of the company has been changed in last 2 years. Ownership governance structure: The governance structure of the company has been evaluated through the annual report of the company and following data has been found: Main Substantial stakeholders: There is only 1 investor who has more than 20% stock of the company. 51.20% of total stock is held by the BENNAMON PTY LTD in the total stock of PRO PAC PACKAGING LIMITED. Further, it has been found that this company is not a family company and operating its business separately (Thanatawee, 2013). Further, it has been found that 2 investors are also there who is holding more than 5% stock of the company. Through the analysis, it has been found that the MR BRANDON ARI PENN is holding 9.21% of total stock of the company and on the other hand, 7.62% stock of the company has been held by AUST EXECUTOR TRUSTEES LTD. Following is the table of top 20 stockholders of the company: Main people of firm governance: Chairman of the company is Ahmed Fahour. He is serving the company from 25th Nov 2014. Elliott Kaplan is the main board of members of the company. Brandon Penn is the CEO of the company. According to the top 20 shareholders list of the company, no person with same surname is holding the stock of the company (AFR, 2018). Further, none of the shareholders of the company is holding more than 5% stock of the company. Performance Key ratios: Performance ratios are the key ratio of an organization. This makes it easy for the company and the professionals to evaluate the position of the company. Performance ratios include the profitability ratios and the capital structure ratios. Following is the calculations of the performance ratios: Return on assets: Return on assets is the profitability ratio which is measured through analyzing the net profit of the company in context with the total assets of the company. The calculations of return on assets explain that the company is earning 2.79% of profit according to the total assets of the company (Hillier, Grinblatt and Titman, 2011). Return on assets NPAT/ total Assets 5016/179939 2.79% Return on equity: Return on assets is the profitability ratio which is measured through analyzing the net profit of the company in context with the total equity of the company. The calculations of return on equity explain that the company is earning 4.41% of profit according to the total equity of the company. Return on Equity= Net profit after tax/ ordinary equity 5016/113683 4.41% Debt Ratios = Total Liabilities/ total assets 66256/179939 36.82% Phenomenon TA/OE: Total assets and total equity are the main elements to evaluate the profitability position and return on assets and return on equity of the company. TA/TE = (NPAT/ Total assets)/(NPAT/TE) TA/TE =Total assets/TE The above equation makes it simple to evaluate the impact of total assets and total equity on return on assets and return n equity of the company. The more the total assets and equity would be the lesser the profitability position of the company would be. ROA and ROE: Further, the above calculations makes it simple to evaluate that ROA is always lower than the ROE of the company due to higher assets in an organization in comparison with the total equity of the company (Ft, 2018). Accounting double equation system explains that the assets are the combination of equity and liabilities and thus the ROE is always higher. Changes in stock price: Further, for evaluating the changes in the stock performance of the company, stock price of the company has been compared with the AORD. Following graph explains about the changes: The below graph explains that the stock price of PPG is quite stable and the stock price of AORD is volatile in nature. The stock price of AORD is quite higher than the stock price f PPG. Further, it explains that the correlation among both the stock is 0.19 which explains that the stock price of both the stock are not at all correlated (Investing Business, 2018). Significant factors: Further, it has been found that the stock price of the company has faced various significant changes in last 2 years. These changes have occurred due to varioys significant factors such as internal and external factors. Through the study, it has been found that the stock price of the company has been enahnced on 30-09-2017 by 13.89% due to the annual report announcement (FT, 2018). On the other hand, on 30-11-2016, stock price has been lowered due to less dividend amount (AFR, 2018). More, the stock price has been enhanced on 31-07-2016 due to internal changes in the company (Yahoo Finance, 2018). In addition, on 29-02-2016, stock price of the company has been enhanced due to macro economical factors and on 31-05-2017, the stock price of the company has been enhanced due to industry factors (Invetsing Business, 2018). Calculation of CAPM and beta values: The best calculations of the company explain that the systematic risk of the company is 0.076. Required rate of return: Return of the company is 4.15%. Calculation of cost of equity (CAPM) RF 4.00% RM 6.00% Beta 0.076 Required rate of return 4.15% (Morningstar, 2018) Conservative company: It explains that the risk and return of the company are respectively lower and higher and thus this company could be considered as a conservative company to make an investment. WACC calculations: Calculation of WACC Price Cost Weight WACC Debt 25,500 5.25% 0.20615 0.01082 Equity 98,194 4.15% 0.79385 0.03296 1,23,694 Kd 4.38% Calculation of cost of debt Outstanding debt 25,500 interest rate 7.50% Tax rate 0.3 Kd 5.25% Calculation of cost of equity (CAPM) RF 4.00% RM 6.00% Beta 7.58% Required rate of return 4.15% Implication on WACC: The current cost of capital of the company is 4.38% which explains that if the company wants to invest into a new project of machinery than the total return form that project must be more than 4.38% (Bodie, 2013). Only in that case, company would be able to earn profits. Debt ratios: Optimal capital structure: 2017 2016 Debt Ratios = Total Liabilities/ total assets Total Liabilities/ total assets 66256/179939 66897/178261 36.82% 37.53% Calculations of optimal capital structure of the company explain that the company is working towards an optimal capital structure through reducing the level of the debt ratios. The current optimal capital structure of the company is not stable (Brealey, Myers and Marcus, 2007). Gearing ratios: 2017 2016 Gearing ratios = Total Liabilities/ Capital employed Total Liabilities/ Capital employed 66256/(179939-37504) 66897/(178261-38110) 46.52% 47.73% Gearing ratios of the company explains that the borrowing of the company has been lowered and the liabilities have also been lowered by the company to maintain a good level of the funds of the company, risk and return of the company. Dividend policy: Dividend policy is a policy which is concerned about the policy of the company through which the dividend amount is announced and paid by the company to the stockholders of the company. The dividend policy of the company explains that the company is following the relevant dividend policy which briefs that an organization should offer a great amount of dividend to the stockholders of the company against their investment amount in the company; dividend amount motivates the investors to hold the money in the company and invest more in the company (Davies and Crawford, 2011). More to it, dividend amount also helps the company to improve the market and stock position of the company and attracts more investors towards the company. The annual report of the company explains that the company has announced 1 cent of ordinary stock for the stockholders of the company in current year. Further, it has also been analyzed that this company is continuously giving a good amount of dividend to its stockholders so that the position and the performance of the company could be managed by the company and management of the company in industry and market (Annual Report, 2018). Conclusion: It is required for every investors to evaluate the performance and the position of the company in which they are going to invest their savings as an investment. According to your request, PRO PAC PACKAGING LIMITED Company has been evaluated and the position, performance and the investment opportunity of the company has been identified. For evaluating the investment opportunity of the company, annual report of the company has been identified and the stock price of the company has been compared with the Australian ordinary stock prices. It explains that the stock price of the company is stable and no huge changes have occurred. Further, Corporate governance, ratio analysis etc study explains that the company is managing and earning good profit. At the same time, the investment risk of the company is lower and the return of the company is higher. It explains that this company is the best opportunity for the purpose of investment. So, an investor should invest into this company to enhance the return and the performance of the company. References: About us. 2018. PRO-PAC Packaging Ltd. viewed Jan 30, 2018, https://www.pro-pac.com.au/ AFR, 2018. PRO-PAC Packaging Ltd. viewed Jan 30, 2018, https://www.afr.com/research-tools/PPG/share-prices/related-securities Annual report, 2018. PRO-PAC Packaging Ltd. viewed Jan 30, 2018, https://www.pro-pac.com.au/docman/investor-relations/annual-reports/807-2017-annual-report/file Bloomberg, 2018. PRO-PAC Packaging Ltd. viewed Jan 30, 2018, https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=21766569 Bodie, Z., 2013.Investments. McGraw-Hill. Brealey, R., Myers, S.C. and Marcus, A.J., 2007.FundamentalsofCorporate Finance. Mc Graw Hill, New York. Davies, T. and Crawford, I., 2011.Business accounting and finance. Pearson. FT, 2018. PRO-PAC Packaging Ltd. viewed Jan 30, 2018, https://markets.ft.com/data/equities/tearsheet/summary?s=PPG:ASX Hillier, D., Grinblatt, M. and Titman, S., 2011.Financial markets and corporate strategy. McGraw Hill. Investing Business, 2018. PRO-PAC Packaging Ltd. viewed Jan 30, 2018, https://www.investing.businessweek.wallst.com/research/stocks/financials/ratios.asp?ticker=PPG:AU Morningstar, 2018. PRO-PAC Packaging Ltd. viewed Jan 30, 2018, https://financials.morningstar.com/cash-flow/cf.html?t=PPGregion=ausculture=en-US Thanatawee, Y., 2013. Ownership structure and dividend policy: Evidence from Thailand. Travlos, N.G., Trigeorgis, L. and Vafeas, N., 2015. Shareholder wealth effects of dividend policy changes in an emerging stock market: The case of Cyprus. Yahoo Finance, 2018. PRO-PAC Packaging Ltd. viewed Jan 30, 2018, https://finance.yahoo.com/quote/%5EAORD/history?period1=1451586600period2=1514658600interval=1mofilter=historyfrequency=1mo Yahoo Finance, 2018. PRO-PAC Packaging Ltd. viewed Jan 30, 2018, https://finance.yahoo.com/news/pro-pac-packaging-limited-asx-015034396.html