What Love Is Like A Puzzle - 793 Words

What Love Really Is Love is like a puzzle, a four letter-puzzle that most people spend their entire lives slowly putting it together piece by piece. Love is also comparable to a Rubik s Cube, it needs knowledge, variety, time, playfulness, and patience. There is not guarantee the puzzle will be solved, but if it is, it will have that happily ever after feeling. Love is a feeling and also an emotion. It takes commitment, sacrifice, can cause pain, but also feels rewarding and appreciated at times. It also can over all generate people to feel blessed. Love shared through family is the kind of love that is almost impossible to break. Family is blood related so even if they mess up, there s always a certain type of love for your family no matter how crazy, how close, or how different they might be. Love for friends is common because people can be wild and crazy around them, yet they will lend a shoulder to cry on when it seems as if the weight of the world is being pressed on your should ers. Friendship is love that can be trusted with secrets and goofiness at the same time. Eventually there is love for that special eminence. When experiencing this love, it may present people, butterflies, and can fabricate people feel at home, even if they are miles away as long as that person is there. It is the feeling of family and friendship combined into one. This love can be that hardest love to controls, and is all about finding the right person at the right time and place in yourShow MoreRelatedWhat Love Is Like Puzzle777 Words   |  4 PagesWhat Love Really Is Love is like puzzle, a four letter-puzzle that most people take their whole lives slowly putting it together piece by piece. Love is also like a Rubik s Cube, it needs knowledge, variety, time, playfulness, and patience. There is not guarantee the puzzle will be solved, but if it is, it will have that happily ever after feeling. Love is a feeling and also an emotion. It takes commitment, sacrifice, can cause plain but also feels rewarding and appreciated at times. It also canRead MoreThe Puzzle Of A Perfect Puzzle1590 Words   |  7 Pagesplace where we fit in like a perfect puzzle piece. We like to believe the idea that out there in the world there is some space in the puzzle of life where we, the missing puzzle piece, can fit flawlessly to perfect the world. Maybe that is an egocentric notion and just maybe we realize unconsciously that we are not that last piece which makes the puzzle perfect but we are instead one of the many pieces that where place together before. However, every single one of this puzzle pieces was made and constructedRead MoreMy Personal Aesthetic Of Dance1114 Words   |  5 Pagespersonal aesthetic in the terms of dance extends far beyond mentioning what I like and what I dislike. It unfolds the layers of my personality, my style, and my past experiences. I tend to think of aesthe tics in the form of a jigsaw puzzle. Within a puzzle there are hundreds of important pieces that fit together to make a grand image and each puzzle piece requires a process of development and self-discovery. My aesthetic puzzle pieces include confidence, vulnerability, dynamic, high energy, illusionRead MoreShe Left Me Blind And Starving1098 Words   |  5 Pagesanswers. I couldn’t see what happiness was, or if love existed. My life has changed so much since I won the lottery. Since I won my family. My mom got me a book when I was about four called Adoption Is for Always. This was the first step in teaching me about my past. We used to read this book together before I went to sleep. I sure did love that book. Back then, I didn’t really understand what adoption meant, I just looked at my mom smiling, and smiled with her. It wasn’t always like that. My parentsRead MoreThe Quality Of Self Reliance953 Words   |  4 Pagesoften restrained by such a typical perception, therefore they insisted that life was controlled by their own destiny, which was unable to deny. Though Oedipus and Socrates demonstrated their wisdom that was superior than the Plebeians when facing puzzles, the types of wisdom they possessed were different to some extent, and this is the main factor that caused different experience in their later life. The quality of self-reliance is a representation to imply on the traditional belief, which is thatRead MoreRosebud in Citizen Kane Essay1067 Words   |  5 Pagesis the word everyone wants to understand the meaning of, so there is a hunt to find the meaning of the word. This sets the story for the film. Rosebud is a symbol of Kane, in that Rosebud represents his loss of the ability to love and how to love. The film Citizen Kane has a lot of direction meaning that every shot means something in its own way, there is a hidden message in every movement of the camera. There was a close up on the NO TRESPASSING sign emphasising the factRead MoreHappy Endings By Margaret Atwood1228 Words   |  5 Pagesand Mary die. John and Mary die. John and Mary die† (Atwood, 1984). Within the six different scenarios, Atwood describes how life is not what we expect to be, how it can end in the upmost perfect happy ending or how it could be filled twists and turns. Nothing in life is ever promised, you cannot be promised everlasting happiness, you cannot be promised love, but there is one thing that you can be promised: it will end. We all have this dream: to find our Prince Charming or our Cinderella andRead MoreVery Reverend Edward Quinlan, Sister Mary Anne, Clergy,1337 Words   |  6 PagesSchool’s Class of 2017. On behalf of my classmates, I would like to thank you all for the encouragement and guidance you have given us, as we finish these years with pride, integrity, and respect for both ourselves and for each other. Most importantly, thank you to our parents. Without your endless love, hugs, and care, we would not be donning these blue caps and gowns, ready to receive the diplomas that you have helped us earn. I would like to take a moment to remember our bright and charismatic classmateRead MoreThe Enigma Of Russian Identity Essay1561 Words   |  7 Pagescity-states of Kievan Rus to the downfall of the Romanov dynasty, the history of Russia has been defined by various narratives. These narratives come from multiple ethnic groups, religious groups, writers, and leaders, which can be illustrated as the puzzle pieces that construct the enigma of Russian identity. Throughout the history of Russia there too has been a push to centralize Russian identity through the principle of Russification. Furthermore it was the push for these multiple narratives to assimilateRead MorePaul s Epistles : An Theologian And Church History Scholar1492 Words   |  6 Pagesfirst put them in their proper context. We like to state that Paul’s epistles were â€Å"occasional† writings. This simply means, they were occasioned by their context. This can relate to the current situation that is also impo rtant for understanding the perspective that Olson portrays in his book. Olson is an Arminian theologian and church history scholar who is aware of the climate of evangelicalism. Olson has also become aware of Calvinists who would like to see him removed from his position as professor

An Analysis Of Walt Whitman And Emily Dickinson - 1567 Words

How does â€Å"Keep your face always toward the sunshine - and shadows will fall behind you† relate to â€Å"Hope is the thing with feathers that perches in the soul - and sings the tunes without the words - and never stops at all†? For starters, both are quotes from Walt Whitman and Emily Dickinson, who are considered to be the greatest American poets in history. Whitman, who was born in 1819, wrote many poems and essays heavily influenced by transcendentalist writers, and Dickinson, who was born in 1830, also wrote several poems influenced by them, but was considered more of a Romantic writer. Nonetheless, their poems introduced new ideas and meaningful outlooks in the twentieth century, perhaps changing the world of poetry in the process. Although they both were successful, their poems were very distinct from each other in a unique way: their writing styles. Whitman’s writing style expresses many similarities with Dickinson’s writing style, such as thei r poetry themes and shifts from realistic to metaphoric reflections, but also contradicts with her’s through the structure and straightforwardness of each poem. As mentioned earlier, Whitman and Dickinson introduced new ways to create poetry with their works. This is because the Civil War was going on during the peak of their career, giving them new material to work with. A similarity is introduced with this: both Whitman and Dickinson typically incorporated Civil War themes (death, war, etc.), as well as other modern ideas, inShow MoreRelatedDeath Is Death And The Idea Of Death1290 Words   |  6 Pagesheaven, so, the male character doesn’t cry out to her in her death (Poe s Poetry summary and analysis). The male character also accuses others for her death stating that everyone wished her illness and effectively killed her by her. Guy de Vere’s anger stems from the idea that Lenore died much too young by referring to her as the â€Å"dear child† who â⠂¬Å"died too young† (Poe s Short Stories summary and analysis). It is worth noting that there is a contrast between â€Å"The Raven† and â€Å"Lenore† where in â€Å"Lenore†Read MoreAn Inexplicable Nature of the American Identity Essay1242 Words   |  5 Pagesthe American identity means. Even when authors such as Walt Whitman, Ralph Waldo Emerson and Emily Dickinson navigate the American identity, their ideas, although similar in many respects, offer various nuances and perspectives on the topic. By investigating the various idiosyncrasies of their language and the focus each emphasizes, the complexities of the American identity can truly be highlighted. In the case of linear movement, Whitman brings forth a distinct perspective of time as he disregardsRead MoreComparison of Whitman and Dickenson Poems856 Words   |  4 Pagesperiod, two great American writers captured their ideas in poetry. Their poems give us insight into the time period, as well as universal insight about life. Although polar opposites in personality, Emily Dickinson and Walt Whitman created similar poetry. Dickinson s Hope is a Thing with Feathers and Whitman s O Captain! My Captain! share many qualities. br brHope is a Thing with Feathers and O Captain! My Captain! contain a similar scansion. Both have a predominantly iambic meter. The unaccentedRead MoreTranscendentalism : The And The Movement1027 Words   |  5 Pagesgeneral state of intellectualism. During what years did the movement occur? The Transcendentalist movement occurred during the 1820s, and 1830s. List 5 major authors associated with the movement Ralph Waldo Emerson, Henry David Thoreau, Walt Whitman, Emily Dickinson, Explain what Transcendentalist believed about each of the following topics: Human Nature They were to live independently, all you need is your mind, knowledge is born with. They also believed that an institution isn t necessary, andRead More Whitmans O Captain! My Captain! And Dickinsons Hope is a Thing with Feathers860 Words   |  4 Pagesnation apart. During this tumultuous period, two great American writers captured their ideas in poetry. Their poems give us insight into the time period, as well as universal insight about life. Although polar opposites in personality, Emily Dickinson and Walt Whitman created similar poetry. Dickinson’s â€Å"Hope is a Thing with Feathers† and Whitman’s â€Å"O Captain! My Captain!† share many qualities. Hope is a Thing with Feathers† and â€Å"O Captain! My Captain!† contain a similar scansion. Both have a predominantlyRead MoreEmily Dickinson Review and Interpretation of Poems #449, #465, and #7121476 Words   |  6 PagesEmily Dickinson Emily Dickinsons poetry mostly reflects her feelings towards death and the projected events after death. As a poet, she was a very inward, and wrote about feelings that came from deeply within her--unlike other poets of her time whose societies were directly shown in their poetry (i.e.-Walt Whitman). Of course social and historical values shaped her personality, but in her poetry alone little can be derived about either the time period she lived in or the political and societalRead MoreEmily Dickinsons Because I Could Not Stop For Death1249 Words   |  5 Pages Emily Dickinsons most famous work, Because I Could Not Stop for Death is generally considered to be one of the great masterpieces of American poetry (GALE). Dickinson experienced an emotional crisis of an undetermined nature in the early 1860s. Her traumatized state of mind is believed to have inspired her writing. In this particular poem, â€Å"Because I could not stop for Death,† the deceased narrator of the poem reminisces about that material day when Death came seeking for her. In stanza oneRead MoreAnalysis Of Walt Whitman s I Hear America Poem1314 Words   |  6 Pagesothers not so much. We rewrote the Declaration of Independence, Walt Whitman s I Hear America poem, and argumentative essays, like out The Raven analysis. We also gave speeches– that was the hardest for me, in my previous English classes, none of them made me go in front of the class and present–, made infograph, and even a multigenre project. We also can’t forget the books we’v e read in class, like poems from Emily Dickinson, Walt Whitman, Edgar Allan Poe, and novels from F. Scott Fitzgerald, and weRead More Theodore Roethke Essays1040 Words   |  5 Pagesform of his verse that was important, but the message being delivered and the overall theme of the work. Roethke was a deep thinker and often pondered about and reflected on his life. This introspection was the topic of much of his poetry. His analysis of his self and his emotional experiences are often expressed in his verse. According to Ralph J. Mills Jr., â€Å"this self interest was the primary matter of artistic exploration and knowledge, an interest which endows the poems with a sense of personalRead MoreThe United States1445 Words   |  6 PagesThe history of the United States tends to be understood through analysis of periods of conflict. From the Revolutionary War, to the Civil War, both World Wars, the Cold War (and its affiliate proxy incidents), and finally modern day. What this ske letal description misses are the individual struggles of people who spent their lives marginalized due to societal stereotypes and discriminatory legislation. Groups have been affected due to identities that include but are not limited to: race, religion

Taxation Taxation of Divident

Question: Describe about the Taxation for Taxation of Divident. Answer: Case study 1: Capital Gains Tax Net capital gain of Fred for the current year: Based on the provided information, it could be assumed that Fred is a citizen of Australia having no association with any kind of trading business. The holiday home of Fred could not considered as a trading stock. Therefore, Fred has earned revenue through the sale of his holiday home in February for $800,000 from the buyer. The net capital gain of Fred could be computed with the help of the indexation method and discounted method. This is briefly demonstrated as follows: Name of the Taxpayer: Fred Category: Individual Computation of Net Capital Gain/Loss for the year ended on 30th June 2016 Discounted Method Indexation Method Particulars Amount Amount Amount Amount $ $ $ $ a) Sale of Holiday Home : Sales Consideration 800000 800000 Less : Cost Base of the Property 100000 148043 Legal Fees on Sales (Exclusive of GST) 1000 1000 Commission of Real Estate Agent 9000 9000 Stamp Duty on Purchase 2000 2961 Legal Fees on Purchase 1000 1480 Construction Cost of Garage 20000 133000 23853 186338 Capital Gain on Sale 667000 613662 Less : 50% Exemption on Capital Gain 333500 Taxable Capital Gain (A) 333500 613662 Less : Capital Loss of Previous Year 10000 10000 Net Taxable Capital Gain 323500 603662 Table 1: Net taxable capital gain of Fred (Source: As per the case study) Necessary Notes: The asset has been purchased on 20th September 1985 and thus, it could be categorised as the CGT assets of the concern. Hence, it needs to be treated as the taxable capital giant or loss. Both the discounted and indexation methods could be used to compute the net capital gain or loss. This is because the indexation method utilises CII of the first quarter of 1987 till the final quarter of September 1999 to compute the asset values bought in 1987. The computation also includes the expenses like legal fees and stamp duty (gov.au 2016). The additional development related to the property is computed by talking into account CII of 55.2 from the first quarter of January 1990. It has been assumed that Fred is an Australian citizen and the organisation does not have the property ownership. Therefore, Fred could use the application of both indexation and discounted methods to compute the minimum taxable amount to be paid on the capital gain. Fred needs to use the discounted method, as it would help in minimising the taxable capital gain amount from $603,662 to $323,500. As a result, the decline in capital gain tax would help in increasing the overall value of retained income (Woellner et al. 2016). The loss arising out of capital gain in the past year could be attuned in the existing year, as the shares are given equivalent treatment like property, while computing the net capital gain. Variation in answer if the loss has aroused from the sale of antique vase: The company has suffered loss in the past accounting year due to share loss, which could be adjusted with the present capital gain in the year 2016. However, the capital gain could not be subtracted from the sale of the property, in case; loss arose from the antique vase (Harding 2013). Faccio and Xu (2015) agreed to this and further remarked that capital loss arising from antique items could only be adjusted from the sale of such items, which is realised as capital gain. Hence, it could be inferred that it is not possible to adjust the capital loss in the amount of capital gain, in case, loss has aroused from the sale of unique vase. Hence, the total amount of tax to be paid, as per the discounting method, is $333,500. Case study 2: Fringe Benefits Tax a. Advise to Periwinkle of its FBT ramifications: Computation of car fringe benefit: Particulars Details Total Kilometres Travelled during the FBT year A 10000 No. of Days in the FBT year B 366 No. of Days of Travel C 336 Annualised Kilometres (A x B/C) 10892.86 Statutory Rate as per Annualised Km. E 20.00% Cost Base F $33,000 No. of Days available for Private Use C 336 No. of days in FBT Year B 366 Taxable Value (FxExC)/B $6,059.02 Table 2: Computation of fringe benefit from car for Periwinkle (Source: As per the case study) The above table illustrates the total fringe benefit associated with the car of Periwinkle to Emma. Moreover, the car has been utilised for 336 days for private use, since Emma did not avail the same for her trips. In this regard, Hodgson and Pearce (2015) cited that the implementation of fringe benefit tax is to compute the benefits for the staffs on the part of the organisation. Computation of fringe benefit on loan: Particulars Details Loan to Employee A $500,000 Benchmark Interest Rate B 5.95% Actual Interest Rate C 4.45% Taxable Value Interest on Loan D = (AXC) $22,250 Table 3: Computation of fringe benefit for interest on loan for Periwinkle (Source: As per the case study) According to the above table, the total taxable fringe benefit related to interest on loan has been obtained as $22,250. Moreover, it has been observed that the interest rate charged is smaller in contrast to the benchmarked rate of interest. Hence, the interest has been computed at the rate of 5.95% to obtain the FBT ramifications of Periwinkle. As commented by Tang and Wan (2015), the loan interest is computed on the greater rate of interest, which could be either the benchmark rate or the company rate of interest. Computation of fringe benefit on special discount: Particulars Amount $ Market Price of the Bathtub A 2600 Special Price for the Employee B 1300 Taxable Value of the Bathtub C=A x 75% 1950 Taxable Value of Benefit C - B 650 Table 3: Computation of fringe benefit on special discount for Periwinkle (Source: As per the case study) The above table depicts a description of the total taxable fringe benefit on special discount to Emma through Periwinkle. The taxable amount related to the bathtub has been subtracted from the money paid on the part of Emma. Therefore, the leftover amount is the fringe benefit, which is taxable generated on the part of Periwinkle. Hence, the rate of taxable amount is 75% of the actual price of sale of the bathtub (Brody et al. 2014). Computation of overall fringe benefit including GST tax: GST Inclusive GST Free Particulars Amount Amount $ $ Car Benefit 6059.02 Interest on Loan 22250 Sale at Special Rate 650 Total of GST Inclusive/Free Benefits 6059.02 22900 A B Gross-up Rate 2.1463 1.9608 C D Gross-up Value 13004.47 44902.32 E = A x C F=B X D Total Taxable Fringe Benefit 57906.79 G = E + F Fringe Benefit Tax Rate 49% J Fringe Benefit Tax Liability 28374.33 K = G x J Table 4: Computation of overall fringe benefit including GST tax (Source: As per the case study) The above table recommends the total fringe benefit of Emma generated through Periwinkle, which takes into account the GST inclusive ad GST free tax. The overall fringe benefit tax liability has been obtained as $28,374.33. The calculation has been made by considering both GST and GST-free to ascertain the accurate liability related to fringe tax. Periwinkle is liable to pay this tax liability. In this context, Hemmings and Tuske (2015) advocated that computation of actual fringe tax liability minimises the additional payments, which could hamper the profitability of the organisation. Variation in answer if Emma bought shares instead of lending to her husband: With relevance to the above discussion, the fringe benefit tax liability of Periwinkle stood at $28,374.33, since the husband of Emma has bought the shares. However, if Emma had bought the shares herself, Periwinkle might experience a decline in its FBT. Moreover, the income earned from the shares is subtracted from the fringe benefit tax liability of Periwinkle. Therefore, the income earned from the shares could not be adjudged as fringe benefit tax liability in the context of Periwinkle Private Limited (Ato.gov.au, 2016).As cited by Jacob and Jacob (2013), the income generated from shares is taxable under Australian taxation law and falls under capital gain. References: Ato.gov.au. (2016).Capital gains tax | Australian Taxation Office. [online] Available at: https://www.ato.gov.au/General/Capital-gains-tax/ [Accessed 15 Sep. 2016]. Ato.gov.au. (2016).Fringe benefits tax (FBT) | Australian Taxation Office. [online] Available at: https://www.ato.gov.au/General/Fringe-benefits-tax-(FBT)/ [Accessed 15 Sep. 2016]. Brody, E., Breen, O.B., McGregor-Lowndes, M. and Turnour, M., 2014. 5 An Unrelated Income Tax for Australia?.Performance Management in Nonprofit Organizations: Global Perspectives,17, p.87. Faccio, M. and Xu, J., 2015. Taxes and capital structure.Journal of Financial and Quantitative Analysis,50(3), pp.277-300. Harding, M., 2013. Taxation of Dividend, Interest, and Capital Gain Income. Hemmings, P. and Tuske, A., 2015. Improving Taxes and Transfers in Australia. Hodgson, H. and Pearce, P., 2015. Travel Smart or travel tax free breaks: Is the fringe benefits tax a barrier to active commuting in Australia?. Jacob, M. and Jacob, M., 2013. Taxation, dividends, and share repurchases: Taking evidence global.Journal of Financial and Quantitative Analysis, 48(4), pp.1241-1269. Tang, R. and Wan, J., 2015. Fringe benefits tax and fly-in fly-out arrangements: John Holland Group Pty Ltd v Commissioner of Taxation. Australian Resources and Energy Law Journal,34(1), p.17. Woellner, R., Barkoczy, S., Murphy, S., Evans, C. and Pinto, D., 2016. Australian Taxation Law. Oxford University Press.

Aerodynamics Of Planes Essays - Aerodynamics, Flight, Aircraft, Drag

Aerodynamics Of Planes Ever since I was little I was amazed at the ability for a machine to fly. I have always wanted to explore ideas of flight and be able to actually fly. I think I may have found my childhood fantasy in the world of aeronautical engineering. The object of my paper is to give me more insight on my future career as an aeronautical engineer. This paper was also to give me ideas of the physics of flight and be to apply those physics of flight to compete in a high school competition. History of Flight The history of flying dates back as early as the fifteenth century. A Renaissance man named Leonardo da Vinci introduced a flying machine known as the ornithopter. Da Vinci proposed the idea of a machine that had bird like flying capabilities. Today no ornithopters exist due to the restrictions of humans, and that the ornithopters just arent practical. During the eighteenth century a philosopher named Sir George Cayley had practical ideas of modern aircraft. Cayley never really designed any workable aircraft, but had many incredible ideas such as lift, thrust, and rigid wings to provide for lift. In the late nineteenth century the progress of aircraft picks up. Several designers such as Henson and Langley, both paved the way for the early 1900s aircraft design. Two of the most important people in history of flight were the Wright Brothers. The Wright Brothers were given the nickname the fathers of the heavier than air flying machine for their numerous flights at their estate in Kitty Hawk, North Carolina. Orville and Wilbur Wright created a motor-powered biplane in which they established incredible feats of the time. The Wright Brothers perfected their design of the heavier than air flying machine, and eventually sold their idea to the U.S. military. The airplane does not become important until the end of World War I. Towards the end of the War the airplane becomes a practical device of war being able to carry weapons. Anthony Fokker and Louis Bleriot create the most successful of early modern biplanes known as the D-VII and D-VIII. Biplanes are eventually taken over by the monoplane, or one wing. This new design allowed for faster flight and better visibility for the pilot. Air-cooled engines lead the way for commercial aircraft, and Boeing introduces the first modern airliner the 247. Airplanes are effected the greatest by supply and demand of war. New styles of war begun to emerge so did new and improved types of aircraft. The population of the U.S. also beg un to grow which leads to the modern most sophisticated commercial airliner the 777. Most aircraft improvements are found in the military and intelligence field. The most high tech aircraft known today for such things as spying are the SR-71 Blackbird, and the U-2 Spy plane. The most complicated and best aircraft performance is still held by the space shuttle and probably always will be. The last 200 years have seen incredible changes in aircraft from the man with wings to heavier than air flying machines that can travel at supersonic speeds. Lift Every single part of an aircraft is incredibly important, without a piece of the airplane it just wouldnt fly. If there had to be a most important part of the aircraft, it would mostly likely have to be the wing. The wing allows a heavier than air (unlike hot air balloons) machine to fly. The principle that allows a heavier than air machine to fly is the principle of Bernoulli. Daniel Bernoulli came up with idea using water tests that low pressure over high pressure would cause something to rise, or lift. Bernoulli had no idea of the effect it would have on a flying machine. Bernoulli died in 1782 and the first airplane wasnt even designed until the late 1800s. Bernoulli had never seen his application of water pressure, but his principle became the basic principle behind all heavier than air machines. Several aspects of a wing are necessary for flight. The wing must have a long enough span that the lift will counter act the force of gravity. The wing must be shaped in a foil design s o that it

Childhood -LOTF essays

Childhood -LOTF essays Children all over the world hold many of the same characteristics. Most children are good at heart, but at times seem like little mischievous devils. Children enjoy having fun and causing trouble but under some supervision can be obedient little boys an d girls. Everybody, at one time in their lives, was a child and knows what it is like to have no worries at all. Children have their own interests and react to different things in peculiar and sometimes strange ways. For example, children are with Barney and his jolly, friendly appearance without realizing that he is actually a huge dinosaur. In the novel The Lord of the Flies, by William Golding, one can see how children react to certain situations. Children, when given the opportunity, wo uld choose to play and have fun rather than to do boring, hard work. Also, when children have no other adults to look up to they turn to other children for leadership. Finally, children stray towards savagery when they are w! ithout adult authority. Therefore, Golding succeeds in effectively portraying the interests and attitudes of young children in this novel. When children are given the opportunity, they would rather envelop themselves in pleasure and play than in the stresses of work. The boys show enmity towards building the shelters, even though this work is important, to engage in trivial activities. Af ter one of the shelters collapses while only Simon and Ralph are building it, Ralph clamours, "All day I've been working with Simon. No one else. They're off bathing or eating, or playing." (55). Ralph and Simon, though only children, are more mature a nd adult like and stray to work on the shelters, while the other children aimlessly run off and play. The other boys avidly choose to play, eat, etc. than to continue to work with Ralph which is very boring and uninteresting. The boys act typically of m ost children their a...

Discuss the disclosure of risks arising from defined benefit plans by Essay

Discuss the disclosure of risks arising from defined benefit plans by listed companies following IAS 19. Associated reading The - Essay Example The arguments made in this article form the basis of the recommendations that the authors have later made in their report for ICAS. 2) ICAS wants better disclosure of pension risk reporting, by Pat Sweet that appeared in September 2010 in Accountancy Magazine. 3) The FTSE 100 and their pension disclosures: Pension Capital Strategies quarterly report of February 2010. Discussion: The key risks associated with Defined Benefit Pension Schemes (DBPS) highlighted in the ICAS report are: the asset-price volatility caused by market driven factors, a mismatch in the duration of the assets relative to the liabilities and increase in the life expectancies of the individuals covered under these schemes. The increase in pension liabilities is directly proportional to the increase in life expectancies of those covered. There is also the risk to cash flows in cases where the company has to provide cash to fill or reduce the deficits in their DBPS. The report as part of its research surveyed the in formation relating to DBPS in the annual reports of FTSE 100 companies. The research survey covered all 88 companies, as on 31st December 1999, that had a Defined Benefits Pension Scheme for their employees. 80 of these companies had UK based DBPS schemes. The research of the report revealed that the total aggregate deficit faced by the DBPS schemed of FTSE 100 companies was GBP 53.5 billion. This deficit of GBP 53.5 billion was caused because the total liabilities of GBP 409 billion were backed by assets of only GBP 356.3 billion. There was widespread variation in the size of the schemes of the different companies and in the extent to which they were funded by the companies. Only ten companies disclosed the sensitivity of DBPS’ liabilities to all four actuarial assumptions. These four actuarial assumptions are: a) Future price inflation rates. b) Salary inflation. c) Mortality rates or life expectancy. d) The discount rate used to compute the present value of the liabilities . These actuarial assumptions have been recommended by the UK Accounting Standard Board’s suggested guidelines on best practices ( 2007 ). Thirty five companies disclosed no sensitivities to changes in actuarial assumptions. Disclosures of the companies increased with the size and strength of the schemes. The different industry sectors were compared and it was found that the banking sector had the highest level of risk disclosure of their DBPS. As far as assumption of future rates of price inflation were concerned, there were limited variations in the assumptions of the different companies. Salary growth assumptions ranged from 1.8% per year to 5.9% per year.There was significant variation in the time frame covered by the life expectancy forecasts of the different companies. These forecasts ranged from 5 years to 25 years in future. The recommendations of this report have caused some debate. One of those recommendations is that the companies should disclose the time estimatio n risks for those assets (in which the DBPS has invested) for which there are no quoted market prices. The second recommendation is that companies should do a sensitivity analysis of the pension liabilities vis-a-vis the four actuarial assumptions that have been mentioned above. The writers of the report justify this recommendation

History of work-family Essay Example | Topics and Well Written Essays - 1500 words

History of work-family - Essay Example This essay seeks to address how these changes have had an effect on employees and their relationships with their families. The project will also expatiate on the rules that have been put in place to help individuals have the ability to balance their lives in terms of family and work. Unlike in the past, employees are faced with so much pressure of being able to support their families. Coupled with the harsh economic times, it is becoming more difficult for employees to be able to have quality time spent with their families as many individuals opt to have two or more jobs so as to maximize on their income. This paper also discusses the history of work since the 19th century. It also examines the challenges that men and women who were in employment faced as they tried to acquire a balance between family and work (Hammill, 2005). The paper also looks at how social levels have an effect on family structures, and how these structures change with time. Finally, the paper also glimpses at t he expectations that the society had of men and women who had employment outside the home thorough 40s to the 60s. At some point between 1960 and 1980, the dynamics of the family changed, and this could be attributed to a number of factors. These issues included divorce, single parenting and same sex partners. Currently, some companies are implementing commitments to employees by creating environments of open communication, appealing jobs, safe working conditions, and good benefits. Researching European work/ family policies we can see where legislation might need to change to become beneficial to all. During the industrial revolution in America in late 19th century, many of the working class in America and Europe moved from the rural areas to find urban jobs. There was also massive migration of people from their countries to the new American and European cities. As a result of these movements from the rural farms and foreigners into America and Europe, there was a total disruption of the social engagement of the people. This was because of the mix-up of the numerous cultures of the people in the newly formed American and European cities (Gornick & Meyers, 2004). It formed a prominent need for these people to be able to interact due to their diverse backgrounds. Fortunately for these huge populations, their numbers called for a vibrant economy which left some workers and employees a frustrated lot as they faced exploitation and unjust working conditions. The reformers of the time identified this problem and created organizations which came to be known as labor unions. Their goal was to fight for the rights of all workers to have fair terms of employment. They also advocated for a balance between work and family. The unions also had the goal of seeking economic protection of workers. These unions provided workers with the sense of belonging to a group with common goals, a factor that also served to motivate them in their workplaces. As these unions continued to gain influence and recognition in America, they also began to make public issues that were once thought to be private. Such included the employment of women and children. The organizations helped draw the line between children helping their parents and families, and engaging them in laborious work for little or no pay. By the year 1910, there were clear laws in place regarding child labor and exploitation, the appropriate working hours, and unsafe practices in