A Prince By Lao Tzu - 1754 Words

Rattling the Cages The actions of individuals are controlled essentially by one thing, the mind of that individual. The citizens of this world are able to partake in any actions they desire. People should forget the thought of limits and restraints and everything should govern itself. Doing nothing will allow everything to harmonize with each other. These ideas come from the writer Lao-tzu in the piece called â€Å"Thoughts from the Tao-te Ching.† Lao-tzu presents many idealist ways in his writing. The main focus is on the idea that people are able to govern themselves and partake in the actions they desire without restraint. As he wisely states, â€Å"Practice not-doing, and everything will fall into place (206, Lao-tzu).† This advice is†¦show more content†¦Restraint is an aspect that is required today in order to have a successful government and society. Without limiting certain elements of culture, such as military and pollution, society would slowly decay. Society should incorporate both the idealistic ways of Lao-tzu and the realistic ways of Machiavelli in restraint in order to maintain civility. The advice given by Lao-tzu is idealistic and revolves around the idea of practicing nothing. First is the idea that civilians of this world are able to govern themselves; limits and restraint must not exisit. The government would still exist, but not present itself in the daily lives of the people; the ability to carry out actions more freely would increase. The government should be able to rule and the citizens not be aware of its existence. Freedom on all levels allows true happiness to prevail. People would be content in their own ways and not want to leave the country and travel. Ultimately, by practicing nothing, all the elements of the world would simply fall into place and maintain themselves. Sadly, the outcome of pure happiness would not prevail. With no limits or laws, individuals are free to do as they please. This would not res ult in perfect harmony between people, but would create more chaos. Not all humans possess good morals to discourage them from violent and criminal behavior. Laws and restraints are crucial to have

Balance Sheet Free Essays

The AMR Corporation has the highest debt to equity ratio (Google, 2010). The company with the lower debt to equity ratio in the meantime is Southwest Airlines. AMR Corporation might have chosen to have a high debt to equity ratio because it believes that it can manage to experience rapid growth and sales in their business. We will write a custom essay sample on Balance Sheet or any similar topic only for you Order Now They took on such a huge amount of debt because they believed that the interest rate would prove to be manageable and reasonable given the level of sales they will experience. AMR Corporation is very optimistic with its outlook in short. The amount of debt the company has taken is very dangerous. It is imperative that they pay it off immediately to lower the chances of getting bankrupted in case they can’t manage the monthly payments. The opposite can be said of Southwest airlines. The company is expecting lower sales volume or profit margin that is why they keep their debt levels to a minimum (Welsh, 1996). The company is well known for its cheap and no frills flight that is why they know they will have a lower profit margin. The company is trying to protect itself from any potential danger. In the event their sales level would drop even more, the increased obligation to pay their debts would not be as heavy. This strategy is suitable for Southwest Airlines because they are providing economical flights for their passenger. The company relies on volume to make their sales and not on a high profit margin. The company does not want their thin profit margin to be eaten up by huge debt interest rates (Harvey, 1995). We can infer from the financial ratio that they intend to grow organically and not by outside financing. The debt level they have is perceived to be very manageable. They are merely taking advantage of debt to provide a measure of added income generating assets. The bulk of their growth and capital needs would all be derived from their sales. The Continental Airlines is somewhat in between the two extreme types of companies. They are aggressive enough to take considerable debt but not too optimistic as to reach 4. 25 in their long term debt obligation to equity. Their long term debt to equity ratio is merely 1. 8 which seems small enough compared to AMR corporation. It can be inferred that the continental corporation has a moderate outlook compared to the two others. Continental is optimistic enough to take advantage of loans to increase their coverage and business operations (Gold, 2006). They are not overly optimistic however to borrow more than twice the amount of their own equity. The economic situation has to be favorable for them to be able to pay their debts. They are not in a dangerous position however, like AMR Corporation with extreme amounts of debts. The AMR Corporation in contrast has to experience several years of extremely profitable operations in order to pay off their debt obligations. The debt ratios of the three companies are basically indicating the same thing. The only difference with the debt ratio from debt to equity ratio is the base figure used in the denominator. The debt to equity ratio is more accurate in describing the situation of the company because it uses the actual equity invested by investors (Revsine, 2004). The ratio does not take into account the liabilities as part of the assets to be used for the computation. Naturally, the ratio for debt to equity will be bigger than the ratio using just the plain asset figure. The interpretation of the ratios remains fundamentally the same. The meaning of the ratio is still the capability of the company to pay off its debts relative to its assets. In case of bankruptcy, the ratio indicates whether the company is capable of paying off the debt amount by selling all of its assets. References: Google, (2010), â€Å"Southwest Airlines† http://www. google. com/finance? q=southwest+airlines Google, (2010), â€Å"AMR Airlines† http://www. google. com/finance? q=NYSE:AMR Google, (2010), â€Å"Continental Airlines† http://www. google. com/finance? q=NYSE:CALfstype=ii Damodaran, A. , (2005), Finding the Right Financing Mix: The Capital Structure Decision, http://pages. stern. nyu. edu/~adamodar/pdfiles/cfovhds/capstr. pdf Welsh, I. , (1996), A Primer on Capital Structure, The John E. Anderson Graduate School of Management, University of California, Los Angeles Gold, J. , (2006), Reducing a Company’s Beta- A Novel Way to Increase Shareholders Value, Journal of Applied Corporate Finance, , Vol. 18, No. 4 (Fall) Harvey, C. , (1995), The Capital Structure and Payout Policy, WWWFinance, http://www. duke. edu/~charvey/Classes/ba350/capstruc/capstruc. htm Revsine, (2004), â€Å"Financial Analysis and Reporting†, New York, Pearson Hall How to cite Balance Sheet, Papers

The Development of Scientific Management free essay sample

The Development of Scientific Management BY 51067685 With the development of scientific management, technology, and productive power, the products concerning the metal Magnesium have been developed in a diversified way involving MGM particle, MGM alloys, MGM powder, MGM ingot, MGM stick, MGM sacrificial anode and high performance sacrificial anode etc. The metal MGM, 2/3 density of the metal Aluminum, is one of the lightest metals. The potential application of the metal MGM is of great importance especially under todays situation that energy has been greatly lacked of and environmental protection greatly emphasized. Having rich deposits under the earth, the metal MGM is of very good qualities like high anti-seismic capability, anti-corrosive capability and intensity etc. , which makes it possible being the basic material for alloy industry and thereby wins itself great attention in the application of the national defense industry. MGM is easy to burn and give strong light in the air. We will write a custom essay sample on The Development of Scientific Management or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page MGM powder is used as the raw material of combustion and lighting bomb for defense. The metal MGM of national standard is not only sold well in domestic market but also exported to Japan, USA, Germany, India, Taiwan and Honking. In the international market, more than 80 tons of MGM has been used in the disorientation of steel and iron each year. China is the main country in producing steel and iron, and it has been predicted by experts that China needs 300,000?500,000 tons of MGM for industrial processing from now on to the year 2005. The consumption of the metal MGM has increased with an average rate of 6. 6% each year during asses. Additionally, 109,000 tons of MGM has been consumed in making various foundry products used in automobiles, motorcycles, and electric crust etc. Some spare parts that can be fitted o automobiles like wheel hub, instrument board, chair frame, gear box, direction system, cylinder, air inlet tube and brake pedal frame have been put into use in a wild areas. The consumption of the alloy MGM in automobile-making industry will account for 14% among the total amount of MGM consumption in the following seven to eight years. After the Chinas entry into the WTFO, the market can see a very bright future for the MGM products since the major object in the antiquating proposal issued by the U. S. ND the EX. is MGM ingot, whereas there is no requirement on the intensively-processed products. Some key enterprises in China are at the beginning stage in processing the metal MGM, therefore this is the right opportunity for their development. MGM processing is referred to as the promising industry by the experts in the 21st Century. At present, two major raw materials that can be used to produce the metal MGM have been found rich in Equinox City , Shania Province, China. They are dolomite ore and silicon iron. The local dolomite ore has a very good quality with the utilization rate being higher than 96%. Nearby the company there are several rockroses producing silicon iron and rich dolomite ore deposit, which can not only guarantee the supply for producing the metal MGM but also reduce the cost of raw materials purchasing in an effective way. The funds that have been gathered up by the company will be mainly used in: 1. Plant construction and equipment purchase in order to keep pace with the market development; 2. Setting up the Central Institute for the purpose of market expansion and scientific research; 3 Setting up the sales network; 4. Developing new products, promoting technologies and improving the old product system.