Anlysis of The Dechra PLC Essay Example | Topics and Well Written Essays - 1250 words

Anlysis of The Dechra PLC - Essay Example 36.6 million and ?11.7 million, respectively. The paper illuminates Dechra PLC’s investment, financing, and dividend payout trends in the recent years. Moreover, the paper will also conduct an in-depth analysis of the financing, investing, and dividend trends using tools such as standard deviation, averages and charts. Part 1: The company in the recent past has undertaken significant investments, changes in divided policy, and changes in its capital structure. Changes in capital structure In general, over the last five years the company has been experiencing increase in the indebtedness. In the year 2009, the company was indebted to a tune of 23.08 while in the year 2013 the indebtedness has swollen to 103.84 in just a span of five years (Dechra, 2013). This is not a good indicator in the financial statement because the more the debts the company the company has the worse its leverage ratio gets. The thumps rule requires that the ratio should not be higher than 1. That is to s ay that the debt to equity ratio should be 50:50. In the case of Dechra PLC., this is not the case the leverage ratio judging from the table below. In order to clear its debt and register a sound capital structure the company has embarked on an ambitious process to sell off its veterinary services wing at a cost of GBP 86.2 million with transaction costs and taxation on disposal cost expected to cost 0.9 million and 0.4 million respectively. The proceeds from these sales will be used to offset the debts of the company. This viable move will overhaul the financial structure of the company for the better and put its going concern concept back on track. Capital structure of Dechra PLC in the last five years Year 2013 2012 2011 2010 2012 Non current debt (millions) 103.84 114.05 56.08 17.76 23.08 Shareholders equity (millions) 174.62 103.68 98.33 86.23 80.69 Leverage ratio 1.68 0.909 1.753 4.855 3.496 Retrieved on 8 November 2013 from http://www.hl.co.uk/shares/shares-search-results/d/d echra-pharmaceuticals-plc-ordinary-1p/financial-statements-and-reports Changes in investment The company is strategically involved in various investment activities that will ensure that it commands a sizeable share of the pharmaceutical industry. One such investment is the acquisition of â€Å"Eurovet Animal Health B.V.† which was acquired on 5th of April, 2012. This acquisition is in line with the company expansion strategy. The strategy goes a long way to ensure that the company expands its foothold into the pharmaceutical market (Dechra, 2013). The other strategic investment that has been effected by the company is the successful exclusive worldwide licensing agreement with SCYNEXIS Inc. the exclusive license gives the company the authority to manufacture and commercialize SCY-641, a medication used in the treatment of KCS. This world right to produce this drug is a great achievement for the company that cements the company’s going concern concept. Changes in divide nd policy The company has been steadily increasing its dividend payout over the years judging by the financial reports in the last five years. It is worth noting that dividend policy is the discretion of the management of Dechra PLC. They have the freedom to settle on any kind of distribution policy whether stock repurchase, share split, or dividend policy (Booth & Maksimovic, 2001). It is worth noting that Dechra has over the years stuck to dividend payout as their default distribution

Pips changing character Essay Example for Free

Pips changing character Essay Explore how dickens builds atmosphere and reveals aspects of Pips changing character in three scenes of your choice. A Great Expectation is considered by many to be Charles Dickens greatest novel. Dickens wrote the book from the first person perspective so when reading the book Pip is telling the story after it actually happened. The story is about the life of Phillip Pirrip (Pip). We follow the growth of Pip. The story follows Pips formation from childhood to adulthood. The story shows us how events in his life change his attitudes. Unfortunately instead of growing up to be a gentleman he turns out a snob. The story is based on how the older generation uses the younger generation to get back at society. We see this when Miss havisham says to Estella Well, you can break his heart. She said this when Estella was complaining about having to play cards with Pip. Miss Havisham wants Estella to break Pips heart because once she had her heart broken . Pip was also being used by Magwitch. Magwitch uses Pip by bringing him to London and bringing him up to be a gentleman. This is getting back at society because society looked down at Magwitch. When Pip visits Miss Havisham for the first time Dickens gives us lots of clues to what she will be like before he actually meets her. Firstly her house is called Satis house which Estella says Its other name was Satis which is Greek or Latin or Hebrew or all 3 or one to me for enough. This is a warning that Miss Havisham is fed up and had enough of life. Also upon arriving at Miss Havishams house Dickens builds up the atmosphere by writing The cold wind seemed to blow colder there than outside the gate and it made a shrill noise in howling in and out at the open sides of the brewery. Like the noise of wind in the rigging of a ship at sea. This creates a gloomy atmosphere and makes the reader think something bad is inside. Once Pip enters Miss Havishams room Dickens writes a paragraph describing Miss Havisham. HE writes about how she is dressed. She was dressed in rich materials satins and lace and silks all of white. Some bright jewels sparkled on her neck and on her hands. This gives us a good impression of her but then Dickens writes but I saw that everything within my view which ought to be white had been white long ago and had lost its lustre, and was faded and yellow. These represents that she was once happy but mow her life has gone sour and she is bitter. The room in which Miss Havisham was had no source of daylight it was lit by the odd candle. This shows us that there is no light left in her life.

Photography Review Essay example -- essays research papers

Photography Review Joel Meyerowitz spent the summer of 1976 and 1977 taking magnificent photographs, which he later published in 1997 in a book called â€Å"Cape light.† These photographs were taken in Cape Cod, Massachusetts around the Truro-Provincetown area in the summer. His book is full of marvelous photographs, which depict a typical summer up on the Cape. These pictures may seem beautiful to anyone. However, these pictures possess more meaning to anyone who has ever lived on Cape Cod or visited Cape Cod. Cape Cod is one of the most beautiful and meaningful places to me. From the time I was a baby on, my family and I have spent many wonderful summer in the Cape. My parent, have been going to Cape Cod, Massachusetts since they were first married. When I think of Cape Cod, the first thing that comes to my mind are memories of the same old little beach cottage my family has rented year after year. I think of Cape Cod and thoughts fill my head with the beach, water, sand, beach cottages, and hot summer days. When I look at Joel Meyerowitz’s book the photos almost come to life. The color and images are so real. The same thoughts that I have for the water, sand, and beach are expressed in Meyerowitz’s photos.   Ã‚  Ã‚  Ã‚  Ã‚  Joel Meyerowitz took his photographs with an 8†x10† view camera. The prints were in full size, made directly from the negatives without any kind of changes or manipulations. Joel Meyerowitz’s is a pictorialist. His picture are taken of scenery...

What should Betty do?

Betty needs to evaluate the ethical and legal aspect of the situation. Did Betty lied for the Senior Management position? The question Is about what Is right and what is ethical and, what Is the right thing for Betty to do? The current proposed action for Betty Is, whether the action Is legal? According to Bagley and Savage (2009), It Is vital to address the legal Issue first In order to establish the perception that legal compliance is the starting point for any standard.Also the authors stated that â€Å"when you try to keep to the letter of the law while undermining the spirit, you are likely to violate the letter in the end† (p. 26). This implies that it is better to adhere to the law because law helps to shape the competitive environment which affects each of the five forces that determine the attractiveness of an industry. In this regard being part of senior management, it is important for Betty to choose the legal path. Does answering yes to the legal issue, maximize sh areholders value? There are two answers to the question, yes or no. If Betty answers yes, the next question Is, Is It ethical?The Issues of ethical are to prove o the customers, employees, community, environment, and suppliers than satisfying the shareholders. If the proposed Issue maximizes shareholders value and It Is ethical, then Betty has to disclose to the human resource department. Similarly, If her answer in maximizing shareholders value is no, then Betty requires to evaluate the effects and cost on shareholders with regards to other stakeholders. The question is would it be ethical not to take action? If the answer to this question is no, then Betty has to disclose her actions to shareholders.How should Human Resources handle his situation? Since human resources have requested Betty's personal and educational information to update her records, the human resources department needs to give her a deadline as to when the Information is due and also give her the option to set a meeting If she Is unable to come up with the Information at the stipulated time. Until human resources receives the Information or hears from Betty, they should give her the benefit of the doubt without making any Judgment or assumption. In the event where Betty is unable to prove that she has an MBA, and decided to come clean,Human resources should offer her a step down with the option to complete her MBA, voluntary resignation and firing her should be the last resort considering her outstanding performance during her ten years tenure at Colossal. As Senior Vice President, the position requires legally astute managers and leaders are expected to adhere to the laws and ethical standards. As managers, they have to set the ethical tone of the company and employees. Go ethical behavior from leaders is considered good for a business and the authors stated that â€Å"patterns of unethical behavior tend o result In Illegal behavior over time† (p. 3). Reference Bagley, E. & Savage, D. (2009). DUMB 610 course pack: Managers and the legal environment. Coinage Learning: Mason, OH. Is Shaker's behavior ethical? Sharked behavior on one hand is unethical because he was someone â€Å"in the know', he gathers information through colonization from coworkers and shares the same information with other coworkers who may use the information to their advantage. This portrays Sharked as an unethical person that lacks integrity, fairness and honesty. On the other hand, Sharked has the right as an employee to ask questions bout the relationship between his boss and Sheila Sharpe.Sharked should review the company's code of conduct if available for guidance or call the company's ethic hotlist to report his suspicion. According to Bagley and Savage (2009), it may be worthwhile to inform other employees about unethical situation. If other employees did not show interest, through evaluation of his beliefs, Sharked can follow what he feels deem to proceed on the issue. Does it make a difference if the allegation of the affair between his boss and Sheila Sharpe is true or false? It does difference if the allegation of the affair between Sharked boss and Sheila Sharpe is true.If the affair is false this can lead to destroy the personal character of Sheila Sharpe. As a manager, he should set the stage for better ethical environment. As the manager, he the responsibility to enact code of conduct, training employees and arrange a method of reporting misconduct. Sam Cipher finds out that Sharked has been gossiping about him and Sheila Sharpe. Assume the gossip about Sam and Sheila is not true, and Sam wants to fire Sharked. Should the Human Resources Office support his decision? This is a conflicting situation the Sam Cipher should must decide as what is the right thing to do in this situation.According to Barrack â€Å"when trying to resolve problems that raise questions of personal integrity and moral, managers should ask, who am l? † This will reveal Sam Cipher feelings in terms of the conflict at hand and determine if the conflict may affect the company. The Human resource should ask, who are we as an organization? The human resource department should determine the interpretations of the ethical implication on the company. The human resource department should insider the position of the organization in terms of relationship with the stakeholders.

Analysis of Fdr’s Address to the Nation After Pearl Harbor

An Essay on Franklin Deleno Roosevelt’s â€Å"Pearl Harbor Address to the Nation† also known as â€Å"The Day of Infamy Speech† English Part One General Program, Section 2 Assignment 1-5 Kristen Roberts Student Number JM1300012 April 1, 2013 On December seventh, 1941 hundreds of Japanese planes began an attack on the US naval base in Honolulu, Hawaii. The attack lasted two hours. The loss of battleships, planes and equipment was tremendous.But, the lives of over 2,000 soldiers that were lost and another 1,000 plus that were injured was a major factor in the thoughts that led up to the president, Franklin Roosevelt’s speech to the nation and the United States declaration of war against Japan. Mr. Roosevelt delivered his speech on December eight, 1941. The most famous quote from his speech is arguably â€Å"Yesterday, December 7th, 1941, a date which will live in infamy. † Mr. Roosevelt’s purpose in his address to the nation about Pearl Harbor was to allow the American people to have the knowledge of what had occurred the day before when the Japanese had attacked.He also used his speech to show the need to declare war on the Japanese. Roosevelt wanted to assure American’s he was aware of the peaceful relationship we had with Japan up until the air strike on Pearl Harbor. He explained our history with Japan and also made the argument that our government had no knowledge of the attack. He stated the attack had to have been planned because of his statement, â€Å"The distance of Hawaii from Japan makes it obvious that the attack was deliberately planned many days or even weeks ago. †Franklin Roosevelt used many words with similar meanings to assure the United States that our swift action against Japan was needed. He used the words â€Å"unprovoked attack,† â€Å"premeditated invasion† as well as â€Å"sudden and deliberate attack. † His behavior during his speech was very solemn and determi ned. He looked back and forth from the camera to his cabinet and all that were in the room with him at different times. He wanted to make sure each person felt he was talking to just them. Including those American who were watching on their televisions.He also wanted those who were listening on their radios to know his reasons for the speech. That is why he spoke very determined. My opinion of Frankin Roosevelt’s â€Å"Pearl Harbor Address to the Nation,† is that I think Mr. Roosevelt was right in everything he spoke about. He had been well informed of the situation and he wanted Americans to know what the government did each step of the way. He didn’t want anyone to be confused at the United States stand against the Japanese and why our nation was doing everything in our power to show the support of the people of our nation.

buy custom Bilingual Effects essay

buy custom Bilingual Effects essay The article Being bilingual may delay dementia was written by Jennifer Huget LaRue on the Washington post. This fascinating paper was published on Thursday in the April issue of the Journal cognitive sciences analysis. Jennifer carried out a study about the cognitive science trends and came up with various results. In her study, she realized that dementia among the elderly may be slowed down by being a bilingual. Further research was later carried out by a group of Psychologists led by Bialystoc of York University in Toronto. From the research findings, Jennifer shows that various benefits of the brain health are totally muted among the adults. Investigations further showed more pronouncements on the elderly group of adults. In her article, Jennifer performs an analysis of the dementia among adults and the elderly. Jennifer clarifies that bilinguals normally show symptoms of dementia at their elderly age. A case study conducted amongst the dementia elderly people four years ago revealed that most of those who showed symptoms of dementia were bilingual. Alzheimer is yet another form of dementa disease widely spread as a result of bilingualism. In her paper, Jennifer outlines difficulties likely to be faced by those who speak a variety of languages. Firstly, bilinguals give the brain a very heavy task of sorting out what words to use whenever they would wish to switch to any given language. The second issue is that their brains are ever kept agile. Agility of the brain results from a burdening task of screening on which word form which language best fits the situation. In most cases, becoming a bilingual is not by choice but chance depending on compelling circumstances. In Jennifers discussion about the health effects of bilingualism, he mentions that the brain is greatly affected by the state of multitasking. Our psychology book states that the hippocampus part of the brain is a component of the limbic system. The book states that one of its jobs is to help us remember the location of objects. Another case of similarity is realized in the The Last Child in the Woods book by Richard Louv. In this article, the author talks of a disorder referred to as outdoor deprivation disorder. The similarity betweenn the two scenarios is that Jennifers case equally concerns brain form of disorder related to bilingual effect. I particularly chose this paper article because the current international lingual standards requirements. In order for a person to survive well in most countries in the world, it is important for an individual to be bilingual. Throughout my life, I would have wished to be an international figure across the entire globe. In relation to Alzheimer and dementia, I have a fear engaging in this international venture because it may overload my brain. In addition to that, this venture may make me vulnerable to brain diseases related to bilinguals. I found this article so educative and interesting in its simple way of addressing points. From this inspiration, I need to further a research on some other negative effects of bilingualism on the brain. Now I understand what some of the physical symptoms of dementia are and can better relate to the situation I would have been in. Also, it is important for society to understand how bilingualism affects the brain so we can try and take steps to prevent it in order to remain healthy and happy. Buy custom Bilingual Effects essay

Human Sexuality

Human Sexuality Introduction The topic under discussion is human sexuality, which is a subject that generates a lot of controversy. It is essential to understand norms for sexual behavior and how society can maintain these norms. In this regard, one must discuss teen sex as well as premarital sex, and relate to this to the limitations that people place on human sexuality.Advertising We will write a custom research paper sample on Human Sexuality specifically for you for only $16.05 $11/page Learn More Analysis The topic is a critical one because sex is related to vital parts of human organization, such as, family, procreation, and companionship. Furthermore, sex has grave ramifications on other people as well as society in general. Religious guidelines, moral principles, taboos and legal repercussions are indicative of the gravity of this topic. Additionally failure to abide by certain rules leads to unwanted consequences among concerned parties. It is vital to trace the so urces of influence on current perceptions of human sexuality, and then establish how those norms ought to be maintained. In order to understand the limits of human sexuality, one must look through the barriers to eligibility in sexual relations. Sometimes, an individual’s gender governs their sexual choices. Certain people believe sex should only be between persons of opposite gender, but this matter has elicited a lot of controversy in the public sphere. Additionally, age places a limit on a person’s sexual choices. In most western cultures, it is illegal to have sex with a minor. However, some Asian, African and Islamic cultures allow teen sex as long as it is in the context of marriage. Additionally, one’s marital status also affects the limits society places on sex. Many individuals frown upon extra marital affairs; although sex between two uncommitted and consenting adults is somewhat permissible. There are inherent contradictions in what society endorses a nd what dominant social platforms, like the media, endorse. Numerous individuals resent abnormal behavior, but few of them know about the entities that define normalcy. In most circumstances, a person’s religious beliefs, cultural heritage and upbringing have a large role to play in one’s definition of normalcy. In modern society, the principle of consent is the most valuable one in setting boundaries for sex. Therefore, sex with underage persons or among them is frowned upon because these individuals do not have the psychological maturity to give consent. Additionally, violence in sex is highly frowned upon because one of the parties is held against their will, so no consent exists. It should, however, be noted that people have not completely disregarded the relevance of marriage in sex (Bramlett and Mosher, 2002). Single parents, who have several sexual partners during a child’s development, have difficulties in teaching them about sexual morals. Such children will imitate their parent’s behavior, and may start having sex in their teens. Society’s lack of commitment on premarital sex has blurred the lines on sexual limits, and thus perpetuated teenage pregnancy or even violence.Advertising Looking for research paper on education? Let's see if we can help you! Get your first paper with 15% OFF Learn More Studies indicate that sixty six percent of all pregnant teens engaged in sex owing to abuse from older males (Potera, 2009). Usually, these activities took place because of parental absenteeism. Such parents are single and have to focus on economic activities rather than family obligations. Therefore, society may disregard the relevance of marriage in sexual relations, but the repercussions of these choices are quite vicious (McGurN, 2009). The issue of sexual limits is often downplayed in the media. Through the use of certain stereotypes, premarital sex is strengthened and even glamorized. Advertisem ents are saturated with heavily sexualized messages. Women are selling perfume, clothes, cars and even garden equipment using their bodies. This saturation of sexually-charged messages causes many people to develop unrealistic ideas about sex. It objectifies women and encourages individuals to focus on casual encounters. Furthermore, some of the most famous celebrities live promiscuous lifestyles. One may read about an actress who has had more than four partners in the span of one year. These public figures reinforce the stereotype of non-committal sexual relations and create the problems discussed in the above paragraph. Perhaps a more alarming problem from the media is the perpetuation of stereotypes about teenage girls and sex. Pop culture can lead to violent sexual situations or rape; it also encourages teenage sex. Unlike past decades, where the media perpetuated societal norms, currently, the media perpetuates a counterculture that is often dangerous for those who are targeted by it. A case in point is the Victoria Secret Pink brand. The company has used the media to advertise this line. This product category was launched in 2004 for young adults and collegiate women. The logic was that the pink brand would transition individuals from teenage hood to adulthood. Victoria Secret marketed the product as fun and flirtatious. In fact, the company has taken campaigns to schools and other communities with large representations of 18-22 year olds (Zmuda, 2008. While the company claims to sell its garments to clients above the age of consent, it is no secret that teenagers resonate with this brand, and many of them buy Victoria Secret’s undergarments. Bright colors and graphics emphasize the playful aesthetic of the undergarments in the pink brand. The flirtatious nature of the brand is also evident through some of the slogans on the undergarment. For instance, one of the products has the words ‘no peeking’. This slogan contradicts itself owin g to the flirtatious nature of the pink undergarments. It shows that a girl’s no is really yes. The visuals obscure the slogan and indicate that the wearer cannot say no and truly mean it.Advertising We will write a custom research paper sample on Human Sexuality specifically for you for only $16.05 $11/page Learn More Many programs in the media make early sex and casual sex appear normal. For instance, in the movie Knocked up, the main actress Alison is a professional career woman, who has casual sex with a stranger in a bar. It is only after Alison realizes she is pregnant that she decides to pursue the stranger (Apatow et. al. 2007). The feature illustrates the pervasiveness of casual relations in society. Teenagers are having sex as seen through pop icons’ song choices. Justin Bieber sings about intimacy with a girl in his song â€Å"That should be me†. In the first verse he says â€Å"Rumours spreadin ‘bout this other guy. Do you do what you did when you did with me† (Lrics Mode, 2010). Justin was still underage when writing the song. In order to promote right attitudes towards sex, one should make the effort to understand the reasons for having sex and the limits of what is acceptable. However, one must also embrace the fact that society is deeply divided about certain norms in society. Therefore, individuals who choose lifestyles that do not comply with one’s personal preferences but are accepted by society should be respected. This reflection has taught me that some limits on sexual behavior can be easily blurred, and society will not directly frown upon it. However, concerned individuals will pay for those consequences indirectly. I also learnt that the media covertly encourages deviant sexual behavior through the images it portrays and the stories it focuses on. Annotated Bibliography Apatow, J., Robertson, S., Rogen, S., Goldberg, E. (Producers), Apatow, J. (Director). (2007). Knoc ked up [DVD], Universal City, California: Universal Pictures. The movie is a story about Alison Scott, a competent reporter, who has casual sex with a laid back and average-looking stranger known as Ben Stone. Because of a misunderstanding during the sexual act, Alison gets pregnant, and tries to contact Ben. She struggles to forge a relationship with him, but realizes that he is irresponsible and juvenile. Fortunately, the two get to know each other during the pregnancy. This movie points out the pervasiveness of casual sexual encounters in popular culture. Bramlett, D. and Mosher, W. (2002). Cohabitation, Marriage, Divorce, and Remarriage in the United States. Vital Health Statistics 23(22), 1-35.Advertising Looking for research paper on education? Let's see if we can help you! Get your first paper with 15% OFF Learn More The Journal article was a comprehensive survey of a wide range of subjects throughout the United States. It intended on unraveling attitudes towards sex in the context of marriage. The researchers asked participants about their sexual practices in marriage and outside marriage. The article is essential in shedding light on sexual norms in American society. It points out the issues that many regard as acceptable and offensive. Therefore, the study assists in meeting the key objective in this analysis on human sexuality. Lrics Mode (2010). Justin Bieber: That should be me lyrics. Web. The website is a script of the lyrics to Justin Bieber’s song â€Å"That should be me†. Bieber is a teenage pop sensation who rose to stardom after posting a video on YouTube. He released the song in 2010, when he was 16 years old. Nonetheless, the song’s lyrics are marred with sexual undertones. The singer has many underage fans (even less than 5 years old) and many of them sing the se words. The song identifies some of the sources of underage sexual encounters. McGurN, W. (2009, January 6). Like a virgin: The press take on teenage sex. Wall Street Journal, p. 15. In the newspaper article, the author looks at the role of family in young people’s sexual lives. He explains that teenagers who come from religious homes and social environments are less likely to engage in risky sexual behavior, get pregnant or loose their virginity before 21. The writer reiterates that parents strongly influence children’s attitudes towards sex. This article is crucial in illustrating some of the sources of ideas about sex in society. It proves that family influences are indispensable, and that the casual attitude towards sex starts in one’s home. Potera, C. (2009). Sex and violence in media influence teen behavior. American Journal of Nursing, 109(2), 20. The article focuses on the effect of television on teenage sexual behavior. The author found that teenagers who watched more television were more likely to become pregnant. She also illustrated that websites and games create a violent culture among teens that can lead to purveyance of non consensual and underage sex. This journal is crucial to the subject under discussion because it illustrates how the media creates a counterculture and perpetuates dangerous stereotypes. Some of them are manifested through violent acts. Zmuda, N. (2008, January). Pink label: Victoria’s sales secret. Advertising Age, 15. The article focuses on the marketing strategies of one of the most successful lingerie retailers in the country: Victoria Secret. The author reveals that the retailer has a line that is targeted at young women. She also reiterates that the company conducts marketing campaigns in colleges and universities in order to promote the product. While this article does not directly refer to the commercialization of childhood, it is crucial in shedding light on the pervasiveness of sexual id eas among young people. It illustrates where ideas about teenage sex come from, and the dangers of this sort of commercialization. References Apatow, J., Robertson, S., Rogen, S., Goldberg, E. (Producers), Apatow, J. (Director). (2007). Knocked up [DVD], Universal City, California: Universal Pictures. Bramlett, D. and Mosher, W. (2002). Cohabitation, Marriage, Divorce, and Remarriage in the United States. Vital Health Statistics 23(22), 1-35. Lrics Mode (2010). Justin Bieber: That should be me lyrics. Web. McGurN, W. (2009, January 6). Like a virgin: The press take on teenage sex. Wall Street Journal, p. 15. Potera, C. (2009). Sex and violence in media influence teen behavior. American Journal of Nursing, 109(2), 20. Zmuda, N. (2008, January). Pink label: Victoria’s sales secret. Advertising Age, 15.