Solutions Tovfinancial Accounting

2 Company Operations Tutorial Solutions Chapter 3 Company operations Review Questions 11. When do dividends become a legal debt of the company? When are they to be recognised as liabilities? Where a company has a constitution that provides for directors to declare a dividend, then a dividend becomes a debt of the company once the dividend is declared. Where no such statement exists in a company’s constitution, then the debt will only arise when the time for payment of the dividend arrives.However, a dividend determined or publicly recommended by the time of completion of the financial report but not on or before the reporting date must not be recognised as a liability as at the reporting date. Instead such a dividend must be disclosed in notes as an event after reporting date. See sections 3. 4. 1 and 3. 4. 2 of the chapter. 14. Discuss the nature of a reserve. What reasons may there be for no definitions being given for a reserve in the legislation, accounting standards and t he Conceptual Framework 2010?The term reserve is not defined in any accounting standard or the Corporations Act. AASB 101 describes the equity of a company as consisting of issued capital and reserves (para. 54(r)). In addition to retained earnings, the most common type of reserves are general, revaluation and foreign currency translation reserves, all of which can be considered as ‘direct adjustments to equity’. There appears to be no clear reason as to why the term ‘reserve’ is not defined in the legislation, standards, or the Conceptual Framework. Retained earnings’ is one category of reserves, according to AASB 101. Selected solution from Leo, K. , Hoggett, J. , and Sweeting, J. , (2012) Solutions manual to accompany Company Accounting 9e, John Wiley and Sons, Australia. Practice Questions QUESTION 3. 1 1. Retained Earnings/Interim Dividend Cash (Payment of interim dividend) Retained Earnings/ Dividend Declared Dividend Payable (Declaration of a final dividend) Revaluation Surplus General Reserve (Transfer from revaluation surplus to general reserve) Retained Earnings/ T’fer to ReserveGeneral Reserve (Transfer to general reserve) General Reserve Share Capital (Being bonus dividend out of general reserve) Dr Cr 200 000 200 000 2. Dr Cr 420 000 420 000 3. Dr Cr 65 000 65 000 4. Dr Cr 120 000 120 000 5. Dr Cr 300 000 300 000 QUESTION 3. 10 GERALDTON WAX LTD General journal 2013 Sept 15 Dividend Payable– Ordinary Dividend Payable– Preference Cash (Payment of ordinary dividend [400 000 x 16c +300 000 x 16c x 3/5 = $92 800] and preference dividend [$75 000 x 6%]) Dr Dr Cr 92 800 4 500 97 300Selected solution from Leo, K. , Hoggett, J. , Sweeting, J. , and Radford, J. , (2009) Solutions manual to accompany Company Accounting 8e, John Wiley and Sons, Australia. 2 Oct 20 Share Capital – Preference Retained Earnings/Redemption Premium (75 000 x 5%) Shareholders’ Redemption (Redemption of preference shares out of profits) Note: dividends do not accrue on the preference shares Retained Earnings/Transfer to Share Capital Share Capital – Ordinary (Retained earnings transferred to capital.NOTE: no dividends will be paid on this share capital) Oct 25 Shareholders’ Redemption Cash (Payment of cash to redeem preference shares) Nov 30 Cash Share Capital – Ordinary ‘A’ (Renounceable rights issue) [400 000/5 = 80 000 x 1. 90] Dec 20 Share Issue Costs (Share Capital) Cash (Payment of share issue costs) 2014 Jan 10 Retained Earnings/Transfer to reserve General Reserve (Transfer to general reserve) Feb 28 Cash Share Capital – Ordinary ‘C’ (Issue of shares to options holders) [70 000 x $1. 0] Share Options Share Capital – Ord ‘C’ Lapsed Options Reserve (Transfer of options account, 35 000 exercised and 5 000 lapsed) [70 000/2 = 35 000 x 60c = 21 000] Dr Dr Cr 75 000 3 750 78 750 Dr Cr 75 000 75 000 Dr Cr 78 750 78,750 Dr Cr 152 000 152 000 Dr Cr 3 000 3 000 Dr Cr 35 000 35 000 Dr Cr 126 000 126 000 Dr Cr Cr 24 000 21 000 3 000 Selected solution from Leo, K. , Hoggett, J. , Sweeting, J. , and Radford, J. , (2009) Solutions manual to accompany Company Accounting 8e, John Wiley and Sons, Australia. April 30 Call – Ordinary ‘B’ Share Capital – Ordinary ‘B’ Call of 80c per share on Ordinary B shares) Calls in Advance (20 000 x 80c) Call – Ord ‘B’ (Transfer of calls in advance) May 31 Cash Call – Ord ‘B’ (Cash received on call) [(300 000 – 20 000 – 15 000) x 80c] June 18 Share Capital – Ordinary ‘B’ Call – Ordinary ‘B’ Forfeited Shares Liability (Forfeiture of 15 000 Ordinary B shares) 26 Cash Forfeited Shares Liability Share Capital – Ordinary ‘B’ (Reissue of 15 000 shares paid to $2 for payment of $1. 0) 27 Forfeited Shares Liability Cash (Refund to former shareholders) June 28 Retained Earnings/Dividend Declared Dividend Payable (Dividend declared) [Workings from the entries above: 400 000 + 300 000 + 80 000 + 70 000 – 15 000 + 15 000= 850 000 x 20c] Dr Cr 240 000 240 000 Dr Cr 16 000 16 000 Dr Cr Dr Cr Cr 212 000 212 000 30 000 12 000 18 000 Dr Dr Cr 27 000 3 000 30 000 Dr Cr 15 000 15 000 Dr Cr 170 000 170 000 Selected solution from Leo, K. , Hoggett, J. , Sweeting, J. , and Radford, J. , (2009) Solutions manual to accompany Company Accounting 8e, John Wiley and Sons, Australia. 4

Lyric Poetry Red Taylor Swift

Taylor Swift's song â€Å"Red† is very joyful even though her words are sometimes gloomy because she misses what she use to have. She is speaking about someone who she can not forget because of all the good memories they have with each other. Taylor Swift ‘s use of similes, imagery and alliteration in her song â€Å"Red† helps portray the good and bad about loving someone that is not around any more. Taylor Swifts uses similes through out her writing to make you feel her happiness and struggles. â€Å"Loving him is like driving a new maserati down a dead end street,† tells you that happiness was damaging her relationship.It be great to have a maserati just to have it, with no where to go but, it is hurting our earth. Loving him was unnecessary so it ended up hurting her. When Swift says, â€Å"Memorizing him was as easy as knowing all the words to your old favorite song,† she shows how much she misses having this person around. When a song stops play ing for a while but, then it comes on again and the mind still remembers all the words its like an old friend popping back into the mind. When the mind remembers someone they loved all of the good and bad memories with that person can be stuck in the head.Taylor Swift's similes are very meaningful and can make you feel mixed emotions. Imagery is used many different times through out the song and gives a dark but still happy mood. â€Å"Missing him was dark grey all alone,† is very depressing because this person is gone. Now she is lonely because she feels like she is stuck in the dark all lone. Taylor Swift also says, â€Å"Losing him was blue like I never known. † This is very gloomy because it is the saddest she has ever been. She did not even know she could feel this terrible. When she says, â€Å"Loving him was Red,† it make the song much happier.It gives off this bright, cheerful mood saying even though she felt terrible after the relationship the time she had loving him was worth it. The way Taylor Swift uses imagery makes the reader feel her pain. Taylor Swift also used alliteration in her writing to emphasize certain words. When Swift says,† Cause love was like driving a new maserati down a dead and street,† lots of focus is drawn to the words â€Å"driving,† â€Å"down,† and â€Å"dead. † She felt like this relationship was dyeing and was going down hill. In the quote â€Å"Once you're already flying through the free fall,† the words flying,† â€Å"free,† and â€Å"fall,† stand out. She feels like she has fallen head over heels and could not stop loving this person even if she wanted to. Swift wanted those words to stand out so the reader felt her passion. Taylor Swfit's use of alliteration helps the reader understands how strong her feelings are for this person. Taylor Swift used so many poetic elements to help the reader feel many different emotions. She used a variety of similes, imagery, and alliteration through out her writing. Taylor Swift's writing lets the reader into her head and rollercoaster of emotions.

A study on the link between abortion and crime Essay

Imagine being raised in a home where education wasn’t encouraged. Imagine being truant from elementary school because your parents regularly abused drugs and weren’t there to take you to school. Would you be where you are today? Where do you think you would be? Here’s another question that may seem unrelated. Why did crime drop drastically in the early 1990’s? According to the Federal Bureau of Investigation, from its peak in 1991, violent crime fell roughly 34 percent by 2001. The rate of homicide – one of the most studied and arguably the most serious crime there is – fell massively. Over a slightly longer period, homicide rates per capita fell 44%, almost being halved. So we are left with the question, why? Such a massive decrease in crime affects all of us, even if it happened in the 1990’s. If a crime had continued to rise at the same rate, we’d live in a dramatically different world today. Understanding why this happened provides us with a crucial understanding of how the world works. Perhaps the answer lies in one of the biggest and oldest moral dilemmas of modern times.   A paper written by Steven Levitt of the University of Chicago and John Donohue of Yale University titled â€Å"The Impact of Legalized Abortion on Crime† in 2001 revived the idea that legalized abortion has an effect on reduced crime. The main argument behind it is that after the legalization of abortion took place in 1973, crime fell sharply 18 to 22 years later in the 1992-1995 period. Think about it. Males in the 18-24 age range are those most likely to commit crimes, and 18 to 24 years after abortion was legalized, crime fell drastically. See a connection? While this is a glaring indicator that there is a connection, it is not the only one. States that legalized abortion before Roe v. Wade experienced declines in crime before other states. On top of that, states that had higher abortion rates in the mid-1970’s had steeper declines in crime. These aren’t the only factors that contribute to the Donohue-Levitt hypothesis. Unwanted children, such as those that were born to people denied abortions, are more likely to suffer from neglect and abuse or to be abandoned. These children are more likely to eventually drop out of school, join gangs, and commit crimes or be incarcerated. Bringing a child into a family that is unable or unready to provide for it increases the child’s likelihood to exhibit delinquent behavior. The purpose of studying the link between abortion and crime isn’t to advocate abortion, or to hail it as a crime-fighting tool, but to instead understand trends in crime, and, ultimately, how the world works. In studying this, we can discover why people commit crimes, what affects crime rates, and the effects of abortion on society. The abortion debate is, and always should be, one of the moral values.

Decision Evaluation and Implementation Assignment

Decision Evaluation and Implementation - Assignment Example While creating a constructive decision making environment, Alan ensures that he does his planning one by one in a clear way. He keeps all the details about what he has done before, what he is doing and what he intends to do in his records for reference purposes. He, then can be termed a very organized CEO. Alan also remembers to involve his management team when developing ideas that should be used to make decisions in the company. He gets committed to his work until he achieves what he wants. Alan usually goes for what people wants. He is a leader who likes solving people’s problems. He, therefore helps the generation and evaluation of alternatives through listening to the people and his team. The major strategy that Alan tends to apply when generating alternatives is through outsourcing of these alternatives. Mulally tries to carryout adequate environmental scanning to find where the problem in the company is. After that, he seeks for the best specialists in the market who can provide the solution to the problem. The specialist sought is recommended to work with Mulally’s team to provide the alternatives. This way, Mulally has, on various occasions been accused of sometimes â€Å"leaving his team out of the loop.† The second way he uses to generate alternatives is through investing in his team. He wants that they succeed as a team. Mulally knows clearly, that team work, in the kind of company he was heading, was very useful and important. He, theref ore, requires that his team be coached and given a good training that can help them get equipped with the required knowledge and capacity to develop new ideas. Mulally insists that many people should be added to the decision-making process to help in generating as many ideas as possible. He believes that he cannot do it alone, without his team. To be able to evaluate his alternatives, Mulally hires a different team to interview his team to establish which decisions have been developed and

Legal Regime for International Sales Today Essay

Legal Regime for International Sales Today - Essay Example buyer and seller, employer and employee. First and foremost, trade and commerce had to be expanded between European countries as the local industries developed a pressing demand for materials to fuel and feed such industries. The new lavish lifestyles that exuded from the new-found affluence; the race to colonise new, distant lands; the need to protect affluent kingdoms from belligerent, covetous, hostile states demanded the need to engage in frenzied commerce and trade not only with fellow European countries but also the 'New World' which beckoned with 'exotic' commodities such as coffee, tea, tobacco, chocolate, sugar cane, potatoes, spices, gold, silver and other metals. The demand for cheap labour created the new commerce of buying and selling of African slaves. With Antwerp and Amsterdam such as the East India Company, the Hudson Bay Company and the South Sea Company, international commerce had become an economic activity which needed regulation and protection. The economic doctrine of Mercantilism ruled international trading and commercial law had to be designed to govern these international merchants. These customary, regulating rules were unified into one set of rules called the law merchant which is also referred to as the lex mercatoria or jus fort or jus forense (Schmitthoff 1968, p. 105). The law merchant or lex mercatoria is a "body of principles and regulations applied to commercial transactions and deriving from the established customs of merchants and traders rather than the jurisprudence of a particular nation or state" (Law Encyclopedia). It is also the system of rules and customs and usages adopted by such traders for the resolution of their controversies. It is codified in the UCC or Uniform Commercial Code which is a body of law, adopted by the states to govern their mercantile transactions. Because of the growing incidence of international disputes between transacting countries, such disputes were resolved through international commercial arbitration which were governed by lex mercatoria. The parties signed a contract clause in which they agreed to the provisions of lex mercatoria, which provided that an arbitrator applied the customs and usages of international trade as well as "the rules of law which are common to all or most of the states engaged in international trade or to those states which are connected with the dispute" (Lando 1985, p. 747).

How the media portrays the Palestinian-Islaeli conflict, and what the Research Paper

How the media portrays the Palestinian-Islaeli conflict, and what the truth really is - Research Paper Example es that the international public has inadequate understanding of the Israeli-Palestinian conflict as a consequence of their lack of factual knowledge. While many people lack any information at all about the origins of the conflict, it is evident that most of them are unable to identify the different actors and players in the conflict and therefore have limited or no understanding of what is actually going on in this conflict (Deprez and Karin, 187). The answer as to why public opinion on this long-time topic is so limited or there is significant lack of understanding of what is actually going on is inherent in the news production processes of the international media. The international media finds itself largely influenced by both Palestinian and Israeli lobbies and pressure groups that seek to distort the coverage to favor either side. Although it is unfair to hold the media solely responsible for the distorted public perceptions about the Palestine-Israel conflict, they play an important role in shaping public perception and opinion on international issues. In this light, this paper investigates the portrayal of the Palestinian- Israeli conflict in the media and the various factors that influence the coverage to favor either side. The paper tries to explore what is covered by the media and how it is presented vis-Ã  -vis the real situation on the ground or indeed the truth about the whole conflict so far. Most studies that have been carried out on media representation of the Israeli-Palestinian conflict mainly concern the presence of contextual information, reporting on victims, the choice of labels for reporting, and the use of actors and sources from both sides of the conflict (Stein, 137). Almost all the studies reach the conclusion that the media represents the Israelis and Palestinians in different ways. Although the studies mostly highlight a bias in favor of Israeli, it must however be pointed out that the studies largely focused on the Israeli and US

Econ Essay Example | Topics and Well Written Essays - 1250 words

Econ - Essay Example However, this policy has some disadvantages worth mentioning. For instance, it can cause a more volatile inflation. It can also create an opposite force in the economy when the Federal Reserve wants to do a monetary policy. Moreover, it can potentially widen the national’s budget deficit. Hence, the proposal on having an automatic trigger for discretionary fiscal policy may not be necessary, since the cons outweigh the pros. To have a better understanding on how an automatic trigger of discretionary fiscal policy can affect the economy, some changes in the basic IS-MP model must be made. At present, since there is going to be an automatic increase in government purchase and decrease in taxes whenever output decreases, government purchase, denoted as G, will be made into a negative function of output and taxes, denoted as T, which is a positive function of output. Hence, if there is a decrease in output that is caused by any shock, then government purchase will increase and the tax will decrease immediately. Thus, this modification can be incorporated into the Keynesian cross diagram. Now, the expenditure function will be: E = C(Y-T(Y))+G(Y)+I(r) This change will affect the shape of the expenditure curve in the Keynesian cross diagram. The expenditure curve becomes flatter as output becomes less responsive. By virtue of this new expenditure function, the new IS curve can also be derived by simply looking at the relationship between the level output and the real interest rate. As a result, the new IS curve will be: IS = C(Y-T(Y))+G(Y)+I(r) Following this equation, the IS curve will be steeper because now, the change in output is less responsive. This change in the IS curve will affect how the economy will behave in the presence of an exogenous shock. By having this new modification for the basic IS-MP model, the AD-IA diagram can also be derived, where the new AD curve is steeper compared to the initial one [Figure 1]. Figure 1. Keynesian Cross, IS-MP, and AD-IA Diagrams with an Automatic Trigger for Fiscal Stimulus. By having the newly modified IS curve, output is going to be more stable if there is an IS or MP shock. This can be demonstrated clearly with some examples. For instance, in Figure 2, it can be assumed that the economy is at the potential output and there is a negative IS shock, such as a decrease in consumer confidence. As a result, IS curve will shift leftward and output will fall, forming a negative output gap in the economy. However, since the new IS curve is steeper, the decrease in output is not as large as when there is no automatic trigger for discretionary fiscal stimulus

Prosopography Assignment Example | Topics and Well Written Essays - 500 words

Prosopography - Assignment Example They also have a traditional leadership structure, where there is a council of religious leaders, specifically men, who makes decisions on behalf of the entire community. Additionally, this community tends to grow apple trees, cherry together with significant amounts of wheat. Majority of the Druze family tend to grow their own fruits, vegetables and bake their own bread. Druze women traditionally dress in long blue or white dresses with a white headscarf, while their men had abandoned their traditional modes of dressing, specifically the shirwal and grow moustache (Gordon, 12). Their houses are scarcely furnished, with a characteristic low wooden table and thin cushions lined against the walls. Their language has an Egyptian origin; their language can easily be recognized due to the fact that they have a sharp pronunciation of the letter â€Å"q†. Basically, the life of Druze man revolves around his family and attendance of religious meetings on every Thursday night. They hav e a high sense of hospitality in their culture and tend to visit each other in their homes (Gordon, 14). In regard to divorce, it is a rare action among the Druze; however, men may initiate divorce when a wife fails to bear children. Consequently, the Syrian Druze has a unique religion, which can be traced back to Egypt; in most cases, their Druze religion has been disavowed by Muslims (Gordon, 16). The Community had a positive relationship with the Assad regime, basically owing to the fact that Assad managed to seek tremendous support from the minority communities; however, currently the community is torn in between supporting Assad and the Islamist extremists. Some of the Druzes has claimed that Assad failed them by not providing them with weapons to protect themselves from the Jabhat Al-Nusra attacks (Gordon, 22). The Druze of Syria are poorer as compared to other minority communities; this has been attributed to the fact that they have spent many years on war issues rather than

Financial Strategy Essay Example | Topics and Well Written Essays - 1500 words - 1

Financial Strategy - Essay Example However, it should not be forgotten that today’s business environment is highly competitive, unpredictable, unstructured and complex; therefore, only fittest and stronger firms having proactive approach could survive in contemporary business outlook. Proactive approach is actually about sensing problems before hand and devising alternate solutions / strategies to avert damage in upcoming future. In addition, the proactive approach also refers to setting trends in the industry or marketplace through product development, quality maintenance, innovation, branding and differentiation strategies. It should be highlighted that business is all about taking risks. An entrepreneur identifies the gaps and opportunities in the market after which risks one’s resources to capitalise them for profit generation and monetary gains. Risks are identified, evaluated and measured through quantitative tools and statistical methods so that the strategic planners would gain a near-to-accurate insight over the potential scope in any specific industry (Lynch, 2008); (Emmison & Smith, 2002); (Johnson & Scholes, 2008). In other words, if all perceived risks are not evaluated and measured correctly then the probability of business failure and financial losses will be higher. For instance, if the risks associated with any business are high then investors also expect high rate of return because of effort and risk involved. This means that it is difficult to enter in a risky field and industries (more barriers) because of greater probability of losses and low chance of survival; however, the success of an entrepreneur in a riskier venture would entitle him / her to high profit margins and financial benefits (Beasley et al, 2005). As mentioned before that the organisations are operational in a highly complex and uncertain business environment; therefore, there is immense need of risk consciousness because even small mistakes and blunders may lead to adverse consequences. I would , thus, agree with this statement that a firm’s risk consciousness governs the underlying strategies that are employed by the enterprise. Risk consciousness, in simple words, refers to paying serious attention to identify any small and large risks associated in setting up a new business, expanding an existing firm (in either domestic or foreign markets), introducing a new product, innovating an existing product range, acquiring diversified businesses, shifting from debt to equity financing and others etc (Neale & Haslam, 1994). Nonetheless, risk consciousness takes place when top management / policy – makers implement measures that would help instilling risk management culture within a corporate setting (Glen, 2007). In fact, the more prudent, judicious, efficient and calculated the strategic planners are in determining, assessing, measuring and communicating risks with their subordinates and organizational members, the more effectively risk management culture and risk consciousness could be developed and implemented with the support of chief risk officers (Lam, 2000); (Colquitt et al, 1999) (Bender & Ward, 2002). In addition, the firms that are not risk conscious face situations in which problems have to be tackled immediately when they occur due to absence of proactive risk management approach and contingency plans. Obviously, this leads to nothing but inefficiencies and losses in the short run that could have been avoided

The Electoral Landscape Essay Example | Topics and Well Written Essays - 250 words

The Electoral Landscape - Essay Example While it is nothing new for voters to want for a change in political leadership, the 2008 presidential election represented an important change in American politics. Barack Obama broke a major racial barrier for African-Americans by becoming the first black American president. Race is likely to be a much less important issue in the future than it has been in the past because Obama has proven that race is no longer an absolute barrier to electability. Obama was able to overcome racial prejudice and the disadvantages of being a little known senator by taking advantage of the growing influence of the Internet and social media. The 2008 election was the first presidential election in which communication through the Internet played a major role (NPR). Lastly, between 2004 and 2008 the economy became the dominant election issue over issues of national security and terrorism. While the Republican Party is generally seen as stronger on economic issues, the economic collapse in 2008 was blame d on the economic policies of Bush by a wide margin (Hagerty 1), and the War on Terror fell out of favor. Works Cited Hagerty, Barbara. â€Å"Exit polls link Obama victory to economic fears.† 4 Nov. 2008.

LIving in a House versus living in an apt Essay Example | Topics and Well Written Essays - 500 words

LIving in a House versus living in an apt - Essay Example There are many similarities between living in an apartment and living in a house. Both are places for living where one can live with family. Both can be similar in structure and space at least for one floor. Both apartment and house have electrical, mechanical, and sanitary supplies and services that make them livable for the occupants. Living in any of them requires an individual to either pay rent or pay the cost of the whole structure whether in installments or as a one-time payment. There are neighbors for the occupants of apartments as well as houses. There are quite a lot of differences between living in an apartment and living in a house. People living in an apartment generally have access to just one floor because other floors are occupied by other families whereas people living in a house dwell on all of its floors and levels. Many families live in a condominium whereas generally only one family resides in a house. People in a house have more autonomy of extending the house horizontally or vertically and of making any sort of changes to the structure whereas occupants of an apartment generally cannot make any structural changes in the apartment. People living in a house also own the land on which the house is constructed and can thus demolish, reconstruct, and change their structure in any way they want. On the other hand, occupants of an apartment generally own just their apartment and not the ground on which the condominium is constructed. People living in a house find it easier to move in and out whereas occupants of an ap artment find it difficult and inconvenient to frequently move in and out of the apartment particularly if the apartment is located at an elevation from the ground; they have to use lift or stairs which limits horizontal movement. However, houses generally take longer to be constructed than an apartment because most condominiums are constructed with precast structural members these days whereas most houses

Interpersonnel Communication Essay Example for Free

Interpersonnel Communication Essay I have interviewed two individuals namely, Ana G. and Cleavon I. with regards to my interpersonnel communication abilities. They will speak about my behavior/attitude towards the following: 1) comfort with other cultures; 2) listening style ability; 3) non-verbal communication style; 4) communication gestures that I typically utilize; 5) comfort in personal relationship; 6) power displayed or conveyed in the personal relationship I am involved in. The following are excerpts from the actual interview: First Interview (Ana G. ) Interviewer (I): â€Å"Could you please briefly describe my attitude towards individuals who belong to other cultures? Do I appear to be comfortable around them? † Interviewee (Ana G. ): I have been with you for about a year already, and being a member of a cultural minority myself, I am happy to say that your treatment towards people like us is beyond belief. You have treated us fairly and you never showed bias making it obvious that you are comfortable being with people regardless of their race or culture (Ana G. , 2007). Interviewer (I): â€Å"Please comment on my listening skills and abilities†. Interviewee (Ana G. ). I appreciate the fact that you are an â€Å"active listener† (Landsberger, 2007). You focus and you listen for the sake of comprehending whatever it is that the person is talking about (Landsberger, 2007). Interviewer (I): â€Å"Do I possess any non-verbal ability? † â€Å"Do I exhibit such communication style? † â€Å"Could you please shed light on the communication gesture/s that I typically utilize? † Interviewee (Ana G. ): Yes. In fact, I have observed how you establish eye contact towards the people you speak to. Maybe that is the â€Å"flow of communication is regulated† (Stein et. al. , n. d. ). This is also why I feel your interest, concern, and tenderness towards me (Ana G., 2007). Interviewee: (I): â€Å"Did you ever feel any comfort in my personal relationship with you? † Interviewer (Ana G. ): Yes, indeed, I have felt reassurance as well that you could be trusted and can be relied upon in times of need (Ana G. , 2007). Interviewee (I): My final question is this, â€Å"did you ever see or experience a power displayed or conveyed in the personal relationship I am involved in? † Interviewer (Ana G. ): The fact that I am drawn to speak or listen to you shows the â€Å"power displayed or conveyed in the personal relationship† (Ana G. , 2007). This is the type of power that is not abusive; instead it is exceedingly helpful on my part (Ana G. , 2007). Second Interview (Cleavon I. ) Interviewer (I): â€Å"Could you please briefly describe my attitude towards individuals who belong to other cultures? Do I appear to be comfortable around them? † Interviewee (Cleavon I. ): We belong to the same culture, but I have observed how you deal with those who belong to other cultures. You go along with them very well as if you don’t feel any kind of discrimination or intolerance of prejudice towards them (Cleavon I. , 2007). Interviewer (I): â€Å"Please comment on my listening skills and abilities†. Interviewee (Cleavon I. ): Even if you do not always agree with what others tell you, I am happy that you still listen in spite of such fact (Cleavon I. , 2007). I am contented enough that you take the time to listen and understand someone else’s side just like what you have done to me in the past few months that we have been working together (Landsberger, 2007). Interviewer (I): â€Å"Do I possess any non-verbal ability? † â€Å"Do I exhibit such communication style? † â€Å"Could you please shed light on the communication gesture/s that I typically utilize? † Interviewee (Cleavon I. ): Of course, you possess such. In fact, you have shown me this countless times already (Cleavon I. , 2007). Your facial expressions which include smiling made me feel that you like me somehow, that you are a true person friend to me, and that you are happy conversing with me (Stein et. al. , n. d. ). I know that this is why we always carry out better communication as compared with my conversation with others (Cleavon I. , 2007). Interviewee: (I): â€Å"Did you ever feel any comfort in my personal relationship with you? † Interviewer (Cleavon I. ): Yes, in fact speaking with you and just being with consoles/soothes/relieves me always (Cleavon I., 2007). There has never been a dull moment with you and I greatly appreciate that (Cleavon I, 2007). Interviewee (I): My final question is this, â€Å"did you ever see or experience a power displayed or conveyed in the personal relationship I am involved in? † Interviewer (Cleavon I. ): Yes, I felt that ‘power’ when you speak to me (Cleavon I. , 2007). You inspire me to great heights; that is the power that you have over me (Cleavon I. , 2007). References Ana G. (2007). Personal Interview. Cleavon I. (2007). Personal Interview. Landsberger, J. (2007). Active Listening. Retrieved December 10, 2007 from http://www.studygs.net/listening.htm

Digital Security And Privacy Information Technology Essay

Digital Security And Privacy Information Technology Essay In this essay i will look at the basic fundamentals of security and privacy for users and businesses in the 21st century and what i think the security risks are for them and what the impact the security problems have on our privacy laws, does this controversal access to everybit of information about people actually make system more secure e.g prevent system attacks. I will go indept into what i believe are the main security risks for users and businesses when browsing the internet or shopping and using online banking and also discuse briefly what it would be like to have no privacy. I will also discuses how when a user goes on a scoial networking site or search engine they might be at risk of sharing information unwillingly with the providers. And another topic i will be discussing in this is how humans fail in there bit for security and how to prevent this from happening. Digital security in the 21st century is now more important than ever before, there are many different types of security threats to the average person, business or even government. This is because everything we do on a daily basis can have a security risk, whether it be from online shopping or checking your email. If a users computer has been hacked or has some spyware or malware and they are using it for online shopping, then the attacker may be able to gain access to the users sensitive data which can then be used for fraud or theft or sold on to a third party for marketing data. Shopping in a store using your debit card can also be a risk as debit cards can be cloned by staff and pin numbers stolen using a device that looks the same as the card machine but has been designed or modified to remember pin codes and clone users debit cards/credit card details. Laptops and Mobile phones being stolen can have personal information on them, even losing your universal serial bus storage device or USB pen drive as they are know as for short which can contain all sorts of information because people, businesses and governments all use these devises to move or store data. And if the data is not encrypted then there is always the chance that someone can gain access to it. Security is the main issue when it comes to a persons personal information whether it be from browsing the Internet to online banking there will always be people who want to steal information for an entire range of reasons (eg: phishing and fraud) ! Another thing to be wary of is the topic of Liberty; are security laws infringing on our basic human rights to privacy and our security by allowing corporations and even governments to spy on our Internet communications for what they call  ¿Ã‚ ½anti-piracy ¿Ã‚ ½ or National Security such as the PATRIOT Act in the United Sates of America, and this brings me to conclude, why should the rights of the many suffer because of the actions of a few. And this is being debated everyday of every week by civil rights activists to our own government deciding what they can do and cannot do. Too much information available about anyone to anyone can be dangerous and this topic should be taken extremely seriously. One major impact on privacy is the development of social networking sites and search engine providers that sell the users information to third parties. The quote Privacy is a fundamental human right. It underpins human dignity and other values such as freedom of association and freedom of speech. It has become one of the most important human rights of the modern age. by Marc Rotenberg, Protecting Human Dignity in the Digital Age (UNESCO 2000) 1. And i think that we are heading into a society that does not care about the fundamental human rights we have and how we attained them. For example anti-utopian, dystopian novels of the 20th century, depicted societies where privacy was non existant and an intrusive, oppressive regime denied this fundamental human right as a matter of course. In Yevgeny Zamyatins novel  ¿Ã‚ ½We ¿Ã‚ ½ 2the population lived in buildings constructed of glass, which allowed everyone and anyone to snoop on anyone whom they wished. Opposition is impossible in a society where privacy is non-existant. George Orwells 1984  ¿Ã‚ ½Big Brother ¿Ã‚ ½ and tele-screen are frighteningly similar to todays move towards a 21stcentury society where the Government and corporations have full access to every bit of any citizens digital life. The 19thcentury black champion of civil rights, Frederick Douglass protested that any rights and liberties won by any people were awarded after contesting the power structures of society. He said in 1857 that  ¿Ã‚ ½Power concedes nothing without a demand, it never did and it never will. Find out just what any people will quietly submit to, and you have found out the exact measure of injustice and wrong that will be imposed upon them. ¿Ã‚ ½ 3 Frederick Douglass, speaking on the emancipation of the West Indies, 1857  ¿Ã‚ ½Men may not get all they pay for in this world, but they must certainly pay for all they get. ¿Ã‚ ½ 3 also has meaning to that you can use a search engine for free and also a social networking site, but be careful of your information as they might sell it on to third parties. In the book; The Art of Deception: Controlling the Human Element of Security 4, the authors Kevin D. Mitnick William L. Simon na ¿Ã‚ ½blame the Human individual as the weakest link, the individual is relegated to a position below the security system in question. Page 3, titled in big black letters  ¿Ã‚ ½Securitys Weakest Link ¿Ã‚ ½ states  ¿Ã‚ ½the humanfactor is truly securitys weakest link. ¿Ã‚ ½ In the Computer Security Handbook, John Wiley Sons (2002) 5which some of the top security specialists in the world have contributed to. Donn B. Parker, a retired (1997) senior management consultant at RedSiren Technologies in Menlo Park, Ca, who has specialised in information security for 35 of his 50 years in the computer field and who Information Security Magazinehas identified as one of the five top Infosecurity Pioneers (1998) writes in  ¿Ã‚ ½5.1.3 Functions of Information Security Computer Security Handbook ¿Ã‚ ½ that the complete opposite to the previous paragraph is true, that the current three function security model, (prevention, detection, and recovery) are completely insufficient and that an 11 function model is needed to eliminate or mitigate the security risks in question, which include avoidance, deterrence, detection, prevention, mitigation, transference, investigation, sanctions rewards, recovery, correction, finally; education 5. It is easy to jump to conclusions and intuitively blame the people whom personify  ¿Ã‚ ½hackers ¿Ã‚ ½ or adversaries to computer security professionals, but history shows us that nothing should be taken for granted concerning security. No system will be inherently perfect, and new technologies are continually being created and updated, and most will likely become more secure as time goes on. Human nature on the other hand is a constant and no man or woman should ever denigrate humanity to a role below that of a firewall, for any reason. If a computer security system is vulnerable, patch the system or come up with innovative methods to secure it from outside access, improve on the imperfect and take comfort knowing that you have executed your job successfully, thus without sacrificing your morality. Types of attack  ¿Ã‚ ½ Once a malicious program has been installed on a person or business or governments bodys computer, it can cause harm in many different ways. And the most typical mechanisms for attacks by hackers is:  ¿Ã‚ ½ taking control of a users access and pretending to be that legitimate user. This can be very bad if a hacker gains access to any information as the user might not realise in time for it to be stopped being used eg. bank account or credit card information being stolen.  ¿Ã‚ ½ Stealing or copying secret or confidential data for corporate espionage or other purposes.  ¿Ã‚ ½ Destroying corporate data to do financial damage to a business or government body  ¿Ã‚ ½  ¿Ã‚ ½ Causing network and system shortages to paralyze a company ¿Ã‚ ½s operations eg. Denial of service attack (D.O.S) or Distributed denial of service attack (D.D.O.S). Risks to an Organisation: Security vulnerabilites coming from within an organisation are on the increase in todays businesses and are increasingly the operational risks of any business in todays world, and in a time of recession this is not good because it brings the running costs of the business up and costs to the average person may go up also . so this can lead to a loss of reputation in the regard to customers or partnership in a company or even the share holders of the company. There may also be a risk to the business by interruption to the company and lead to the violation of legal and government reulation requirements to protect sensitive customer information E.G OFCOM if the attack works, some examples are:  ¿Ã‚ ½ Unauthorized access to any information where the access includes disclosure, modification and destruction of any data.  ¿Ã‚ ½ Unauthorized users or hackers, i.e. a person who have not been given the rights by the owner/user to access the system. How do people fail in the line of security? Social Engineering Manipulation: con-artists are being used to acquire confidential information by manipulating genuine users into telling them. It is a new type of insider attack that is on the up trend similar to an attack that is knowm as  ¿Ã‚ ½phishing ¿Ã‚ ½ in which a malicious or hackeris able toget internal access with access to company sensitive information in turn which can lead to other users/customers into providing access to forbiddon information. These con-artists rely and work on the basis that people are kind hearted and not aware of the valuble information they know and are careless about protecting it because they think its irrelevant. These con-artists will search bins or skips or take advantage of people ¿Ã‚ ½s natural ability to choose passwords that are based on what is considered to bemeaningful to the user such as relative ¿Ã‚ ½s, date of birth or pets name etc but can be easily guessed if the hacker learns persoanl information about them. the name they now give the method these con-artists employ is called  ¿Ã‚ ½Social engineering ¿Ã‚ ½ and will always a threat to any security system. More internal threats may be: if there is aloss of data or data is corrupted, and backups fail this will lead to business having a losses of revenu and this in turn may affect the clients and loss of money to a business. There may also be misuse and theft of Call Records and information and also tele-communication center in which, internal breaches my accure by users who sometimes bypass the usage record from billing someone or a subscribers and then bydeleting the call record information from a database or by manipulating a program to overlook simple things to user subscribers. Identity theft: Identity theft of a customer ¿Ã‚ ½s valuable information such as address, security passwords credit card information, and date of birth or in a business ¿Ã‚ ½s sense, ID cards, Access codes . Identity fraud is a term that is used to refer to any type of crime in which any person or business wrongfully gets hold of and uses another person ¿Ã‚ ½s personal data in anyway way that may involves fraud or deception, typically for capital gains eg. giving the business an upper-hand from a competitor. Information used in scanning of biometrics for example of soem (face image scanner, palm print scanner, hand scanner ,handwriting of a person, fingerprints,voice recognition software, iris/retina scaners ) are each unique to every person and cannot be given to another human for their use, but can be faked, well some of them. However, personal data, especially a credit card account or debit card number, and other valuable personal information can be taken advantage of and maybe used by the wrong person for fraudulent purposes and sold to third parties at the cost to the average users. The not so innocent: Browsing the Web and using e-mails can seem a normal exercise in layman terms but may seem na ¿Ã‚ ½ve to the advanced users whom understand the security risks. For the average user however, all their activities can upset business. Some viruses that can do this are ( Worms/trojons/malware/spyware or Choke viruses) that are design and aimed at Instant Messaging systems that people use such as a social networking site and windows live messenger (MSN), the users may use these softwares or websites to talk to their friends online or send information from and each pose their own unique security threats. Anti-virus softwares and other tools may not detect malicious code opening through the font-system 6 or Instant Messaging system, so infected files can infect the desktop and then into the network or a business. If a company ¿Ã‚ ½s usb stick or security cards or notebooks are lost or stolen, important information may be at risk such as id names and Unique Identifier numbers. Outside threats to an organisation: External threats are mixed threats that combine many different ways such as worms, viruss, spam and distributed denial of service (DDOS). Every day, hundreds of new ways are discovered to attack software and security breaches by intruders, hackers and security professionals. There are more than 30k hacking-based Web sites on the internet now so it no longer needs a computer savy person to hack a site, just someone with time and patience. How to keep your computer safe with Virus Counter Measures. Regular Updating of a users Anti-Virus and Anti Spyware Software: This is to protect the user against viruses and malware/spyware and this is why antivirus software should be installed. All user email attachment files should be scanned: This is because computer viruses are most likely to be in an email attachment. just because emails come from your best friends does not mean it is still not important to scan there emails which may contain attachments before opening them as they may contain anything. Key points for handling email attachments:  ¿Ã‚ ½ Be careful when opening email attachments from unknown recipients.  ¿Ã‚ ½  ¿Ã‚ ½ Do not be fooled by the appearance of attachment files always check the extension to make sure its not a .exe, .com or any other  ¿Ã‚ ½executable ¿Ã‚ ½ extension for a word document or image file.  ¿Ã‚ ½  ¿Ã‚ ½ Do not send a plain text that can be included in the body of an email message as an attachment file eg. Encrypt your messages.  ¿Ã‚ ½  ¿Ã‚ ½ Learn about how email attachments are handled by different email programs.  ¿Ã‚ ½  ¿Ã‚ ½ Every file that is should be scanned with a users anti-virus and anti-spyware scanner before opening, because the user will never fully know whats inside.  ¿Ã‚ ½  ¿Ã‚ ½ A lot of files such as image files, .MP3,.MP4 and .avi videos are downloaded from the Internet, but some are notwhat we expect and contain malicious programs embedded in them or in the code of these files to hurt or dammage our computers, and a way to avoid this is to be sure to scan downloaded files before using them or opening them. An example is the font system vulnerability of Windows XP. 6  ¿Ã‚ ½  ¿Ã‚ ½ Take full advantage of the security functions/ settings supplied with any application software  ¿Ã‚ ½  ¿Ã‚ ½ Regulary updates of Security Patches Should be installed: All recent viruses attempt to exploit bug in a software or security holes that a programmer mite not have known about when creating the software to gain access to the operating systems and application software that a current user might be using.  ¿Ã‚ ½  ¿Ã‚ ½ If there is any weakness in your computer it can be and most likely will be infected with viruses or have corporate malware on them and the only way to combat this is by previewing emails or accessing the Internet when all security updates have been applied and clearing your Internet cookies after every session. causes of Virus Infection must not be overlooked. If you have encountered symptoms that you think are a virus you should do a scan, a users computer may have been infected with any sort of virus . so it is very important to watch out for this as it can be a major security flaw and scan your computer for viruses regularly to avoid disapointment. If a users computer system or an application freezes, or the system does not start. Files may be deltes or just become hidden. Unknown icons apear. some programs may make attempts to access the Internet without any notification to the user, this is why a firewall is needed. Emails are sent without the user ¿Ã‚ ½s consent. Scan intuitively to make sure there is no virus or spyware on a users PC. All a users data should backup data regulary in case of of system failure: Data corrupted by a system or hardware failure cannot always be restored by using software. Make the habit of getting use to backing up. Conclusion

Issues of Alcohol Misuse

Issues of Alcohol Misuse Ethyl alcohol, also known as ethanol, is a chemical, liquid, colorless, flammable compound used industrially for the manufacture of medicines, perfumes, sprays and spirits as well as wine, beer, whiskey and others.There are two main methods for their production by the fermentation of sugars, the most common, or from the ethylene by a synthetic method. The production by fermentation of sugars is from macerated grain, fruit juices, honey, milk, potatoes or molasses, using yeast that create an enzymatic reaction that converts complex sugars into simple and then in alcohol.94 History There is evidence that consumption of intoxicating substances has been around since the Paleolithic era, although the purpose of its use is unknown, and the frequency of use in the Neolithic born an alcoholic beer-like product, which was obtained from barley fermentation. Wine was used almost exclusively by Roman settlers of origin and citizenship and this part of the imperial refined cuisine.95 Pharmacodynamics Alcoholis consumed by the oral route, after being ingested 20% of it is absorbed in the stomach and 80% in the small intestine, the absorption process is completed in an average of 30 to 60 minutes, even if a food intake simultaneously may be delayed up to 3 hours.Alcohol circulate freely in plasma, its metabolism occurs in the liver at a rate of between 7 to 10 grams per hour, this is removed from the body in small amounts so as respiratory renally.96 Metabolism The alcohol is oxidized to acetaldehyde by alcohol dehydrogenase (ADH), which is saturated with low levels of blood alcohol concentration, then acetaldehyde is converted to acetate by aldehyde dehydrogenase.Under normal situations acetaldehyde is metabolized rapidly and fails to accumulate normally, however when large amounts of alcohol consumed, the accumulation of acetaldehyde can cause symptoms such as headaches, nausea, dizziness and gastritis, which is a possible hangover.97 Types of alcoholic beverages Alcohol is industrialized in different presentations of the same, varying in taste, odor and color each time, the proportion of use of each type of alcohol varies between different social groups, both age and sex, as with social class the person.In this research the types of alcohol used in the universitys population.  Cervezabe defined, is the product of fermentation of malted barley, is one of the oldest alcoholic beverages.The basic elements of beer are malted barley, hops, yeast and water.The beer is known for being a little bitter and foamy and usually, except in special beers, it looks bright and clear.  Whiskey and Vodka  are distillated starch, distilled Vodka is produced from the fermentation broth of starch.Whiskey is distilled from the broth produced by fermenting grain and aged in wooden casks.  Ron,  is an alcoholic beverage obtained from the distillation of molasses and cane juice sugar and is colored with caramel.  Came,  we obtain fermentation of grape j uice, wine to distill methanol, aldehydes, esters, acids and higher alcohols is obtained.The obtained ethyl alcohol, also called heart, is essentially wine.98 Effects on the body Alcohol is part of our lives and culture, but the overuse of this can trigger serious health problems. Alcohol can not only lead to accidents or dependency, but alcohol abuse can cause organ damage, weaken the immune system and promote the development of neoplasms.99 Because alcohol potentially affects physical and mental health, chronic use both as a high intake at one time may increase the risk of death, directly, in the case of alcohol poisoning, or indirectly by altering behavior and induces violence.100 Immune and bloodsystem,the alcohol in excessive amounts can suppress the immune system making this way harder fight both viral and bacterial infections.Chronic use of large amounts of alcohol can also develop anemia and low platelets in the user. Bones andmuscles,Moderate use of some types of alcohol can prevent the development of osteoporosis, however when used excessively, this interferes with the absorption of calcium and contrary then develop into finalinstance osteoporosis.A great use alcohol chronically has also been associated with muscle weakness. Brain and nervoussystem,being under the influence of alcohol impairment involves judgment and concentration, lethargy involve extremely high amounts and in worst cases, coma.It is equally common temporary memory loss in those drinkers high rate of consumption.Brain tissue damage in people who use large amounts of alcohol, thiamine deficiency (vitamin B1), which can be caused by poor dietary intake or associates because alcohol reduces absorption and interferes with the use of this in the body, thiamine deficiency can evolve in a severe condition called Wernicke encephalopathy.Chronic alcohol use can likewise alter the cerebellum, which is responsible for balance and coordination of movement.Furthermore,peripheral nerves are also affected, causing pain and weakness. Heart and bloodpressure,excessive alcohol use increases the risk of coronary artery disease.Have been recorded cases of sudden cardiac death in patients with a history of heavy alcohol consumption, irregular heartbeat and chronic disease of the heart muscle.A high alcohol intake is linked to high blood pressure more frequently in men. Intestines,alcohol can lead to developing malnutrition because it blocks the absorption of many important vitamins and nutrients. Kidneys,alcohol intake leads to fluid loss since this acts as a diuretic, which can cause dehydration.Similarly von lost fluids can escape minerals and salts from the body, such as magnesium, phosphorus, sodium and potassium. Liver,chronic use of alcohol can damage the liver, with conditions ranging from fatty liver to alcoholic hepatitis and eventually cirrhosis.It is very common in fatty liver drinkers large amounts of alcohol, although this is reversible when the alcohol intake ceases.Alcoholic hepatitis is developed by a 10 to 35% and leads to symptoms such as fatigue and malaise, death from liver failure may occur in severe cases.Cirrhosis becomes suffered by 5 to 15% of you large consumers of alcohol, at this stage the liver has suffered irreparable harm where the affected cells are replaced by fibrous tissue. Lungs,drunkenness increases the risk of pneumonia, since high concentrations of alcohol in the blood are sedative and relax the mouth and throat, suppressing reflections and reduces the ability of the lungs to clear mucus and foreign bodies.Chronic alcohol use has also been associated with an increased risk of pneumonia, tuberculosis and acute respiratory distress syndrome (ARDS). Mentalhealth,alcohol affects mood in different ways, leading the person to feel happy, sad or aggressive.There is a risk of dependence when alcohol intake is given by anxiety or stress relief.Because alcohol increases aggressiveness and affects judgment, is often associated with people who have attempted or completed suicide.In people who drink large amounts of alcohol, mood disorders, including depression, anxiety and psychosis, alcohol abuse and dependence develop is also common in people with pre-existing mental condition.100 Reasons for use Young,  the reasons why young people use alcohol involve several factors such as the environment in which the person was raised during his childhood, peer pressure, social activities, and inadequate parental control.Children born in an environment where the sale of alcohol is part of the family economy are more likely to use it when they grow up, as well as children whose parents abused alcohol.The abundance of spirit with which society has today, also plays an important role in the development of the habit of using alcohol.  Adults,  there are similarities between the reasons that young people and adults consume alcohol, social and therapeutic reasons , stress, need for stimulation, pressure from peers.Adults report that alcohol offers relaxation after a busy day at work.101 Consumption patterns in university In universities there are students who are not consumers of alcohol, and sometimes consumers and consumers of high amounts of alcohol, there are predisposing reasons for students to consume alcohol or not, including the influence of family and friends.The fact that a student has consumed alcohol at some point in your life does not make an active consumer, however those who consume alcohol regularly, consumers can be classified into low-risk and high-risk consumers.Studies say that about 20.9% of adolescents report being regular drinkers.102 Toxic Dose It is established that the lethal dose of pure ethanol is 300 to 400ml in less than an hour in adults being potentially lethal dose of 10 ml / kg in children and 5ml / kg, as children are highly sensitive to ethyl alcohol.The clinical manifestations of alcohol intoxication will be related to blood alcohol concentration of10 to 50mgis still in a state of sobriety, so the stage is asymptomatic;30to120mg,produces euphoria, covering motor incoordination, emotional instability, restlessness, inattention and association of ideas;90to 250mgexcitability appears where irritability, dysarthria, muscular incoordination, hypoglycemia, lactic acidosis and visual disturbances seen;180to 300mgcomes the confusion, including sleep, drowsiness, marked incoordination, hypothermia and temporary amnesia;270 to 450mgof the patient falls into a coma, expressed punctate miosis, respiratory depression, areflexia, superficial and profound analgesia, metabolic acidosis, hypoglycemia and seizures;increased to45 0mg,death occurs from paralysis of Cardiorespiratory Centre.103 Alcohol Dependence When the individual has used his body to chronic alcohol intake, this begins to develop addiction and dependency, worsening by more consumed, inadequate intake of alcohol causes malaise, called withdrawal.WHO defines alcohol dependence as a mental and physical state usually also resulting from the ingestion of alcohol, characterized by responsesbehaviorand others, which always include a compulsion to drink alcohol continuously or periodically to experience its psychic effects and sometimes way to avoid the discomfort of withdrawal;tolerance may have or may not be present.104 Alcohol tolerance When high amounts of alcohol are ingested for prolonged periods, the body tends to develop a series of adaptive responses due to the constant presence of ethanol in the bloodstream.Studies demonstrated that continuous exposure to ethanol, results in a significant loss of activity of membrane in neurons besides adaptive changes in electrophysiological responses from them.105 Abuse in young The percentage of college students who ate five or more alcoholic beverages for a period of one month is 41.7% to 45.2% according to the National Institute on Alcohol Abuse and Alcoholism (NIAAA).Of those university students who inferred alcohol, 26.1% to 29.2% driving under the effects of alcoholic beverages.106 The age with the highest incidence of alcohol use are those being 21 and 23 years of age, the percentages being 49.9% at 21, 46.6% at 22 and 47.7% at 23, the fact that the highest percentage is at 21, it may be that in the most populous countries the legal age to consume alcohol is 21 years, the freedom to consume alcohol upon reaching the required age encourages young people to get alcohol as a sign that they are already adults.Anyway as young people themselves is easy to get alcohol even when you are under 21 years of age, this being expressed by 87% of students.106 Diagnostic criteria for alcohol abuse. There are four criteria according to DSM-IV avalà ºan if the consumer is within the range of alcohol, then it is enunciated identically to DSM-IV: a)  Recurrent use of alcohol, which leads to the violation of obligations at work, school or at home (eg, repeated absences or poor work performance related to substance use,.. Substance related absences, suspensions or expulsions school, neglect of children or household duties). b)  Recurrent alcohol use in situations in which it is physically hazardous (p. Example., Driving an automobile or operating a machine when impaired by substance use). c)  Repeated legal problems related to alcohol (p. Example., Arrests for alcohol-related disorderly conduct). d)  Continued alcohol use despite having persistent or recurrent social problems caused or exacerbated by the effects of alcohol interpersonal problems (p. Example., Arguments with spouse about consequences of intoxication, physical fights).107 Legality Across America the use of alcohol is allowed, however it is restricted to certain ages depending on the country.Some countries do not have regulationsfor the age at which it is allowed to use alcohol, this representing a risk for young people to develop negative behaviors on the use of alcohol.108 Alcohol and energy drinks The use of alcohol and energy drinks with high caffeine content has become popular in recent times.Previously the use of caffeine to maintain sobriety after having ingested alcohol was known for a large proportion of frequent drinkers today, because of this trend, there are drinks energy properties included in its composition, ie, according to studies allows the user not feel drunk even if you are at a stage where the alcohol in your system is categorized as intoxicated.109 Alcohol is addictive in a large proportion of people have used these once your palate to this, just as energy drinks with addictive substances like caffeine, alcohol and energy drinks use sum the probability that the individual will develop addiction to this such substances.Another property that has this binding substance is to increase the desire to continue taking more alcohol, increasing the risk of over-consumption and worsening the caudate damage by alcohol, since with increasing alcohol consumption people show less inhibitions.110 Due to the large increase in the simultaneous use of these substances the FDA (U.S. Food and Drug administration) issued notices care about inconsiderate alcoholic and energy drinks.Since the population is currently the most affected population is mostly young university, the FDA called the authorities to consider studies to understand clearly and precisely as these substances affect both together and individually, to college students in health and academic activity.111 There are many risks that bring the use of these substances from the increased likelihood of developing dependence to a greater chance of developing alcohol poisoning.The use of energy drinks during the same period in which they are drinking alcohol keeps an alert position and gives the perception of a lesser degree of intoxication which leads people to consume greater quantities of alcohol.Drinking alcohol and energy drinks together is associated with a decline in the notion of deteriorating mental and physical health caused by alcohol.112 The use of energy drinks is associated in many cases people who have a problem with alcohol.Studies show that in people where a problem is reported in the consumption of energy drinks, usually a high frequency of episodes of high alcohol intake, and problems resulting from consumption of alcohol and increased symptoms of alcohol dependence were reported.113 Regarding susceptibility possessing people ingest energy drinks tend to develop alcohol dependence, studies show that people who used energy drinks with high frequency had begun to consume alcohol and become intoxicated at a younger age than those who do not frequently consumed energy drinks, like having drunk more alcohol in the past year and more drinks on a typical night of drinking alcohol, plus they were more likely to meet diagnostic criteria for alcohol dependence.114 There are several reasons that motivate young people to consume alcohol with energy drinks, in fact these are the drinks consumed while on holiday and that adding some kind of energy drink alcohol improves the taste of the beverage.Observations indicate that college students who visited a bar reported greater use of alcohol in those who had consumed energy drinks, these students also had a threefold increased risk was after leaving the bar highly intoxicated by alcohol.115 Among the factors that influence the use of alcohol with energy drinks among young people is equally the fact that these young people mostly believe in the idea thatwill look better in front of others if they consume these types of drinks, associating greater popularity with the same classmates. College students report that if they are seen with some energy drink while consuming alcohol, they feel somehow more striking and interesting manner.116

BMG Inc Essay -- Music Industry Essays

BMG Inc The music industry has experienced dramatic shocks that will ultimately transform its structure. The transformations have been sparked by new technologies and Internet use distributing music as a digital good. The MP3 audio format and the wide distribution network that has become available via the Internet are driving changes in the recorded music market structure and, thus, are simultaneously having significant impacts on the players in the traditional recorded music value chain. Global retail sales of recorded music dropped from $39.8Bn in 1996 to $38.5Bn in 1999 while the popularity of digital music has grown. This reflects digital music’s new role as a â€Å"strategic necessity† of the music industry. It is obvious that the digital music format is here to stay and, indeed, is quickly becoming the preferred product choice of music customers. Our group will examine the internal and external factors responsible for shaping this new marketplace and analyze BMG’s roles in the move to distribution of digital music. Financial Analysis BMG Entertainment, a subsidiary of Bertelsmann media, is a privately held company; therefore we can not study its market performance. However they do release financial statements to the public allowing industry performance to be measured (See Figure 1). To measure BMG’s financial health and profitability three tests were performed. These tests were also applied to the other major players in the music industry. An excellent way to determine BMG’s financial health is a quick ratio, also known as the acid test ratio which was calculated and compared to it rivals. The quick ratio is calculated by taking a firm’s current assets minus inventory divided by current liabilities; this allows you see how well the firm can pay back its debts in a timely matter. BMG, with a ratio of 2.39, only trails Sony, and along with Sony they are the only ones to have a ratio over one, meaning the other three firms have more debt than cash and cash equivalents. This is good sign of finan cial health because BMG has more than twice the amount of liquid assets to cover its immediate debts; unlike its competitors who find themselves quite short. The final two tests net profit margin (net profits over sales) and return on assets (net profit before taxes over sales), measure firms profitability. Net profit margin measures how much profit is generat... ...68 DEM 8,652  £1,143  £1,013 JPY 210,516 JPY 176,191 $6,971 $8,881 $8,769 $9,861 Inventory DEM 1,278 DEM 1,569 JPY 16,274 JPY 12,918 $2,627 $2,555 $2,258 $2,182 Current Liabilities DEM 2,317 DEM 3,100  £2,255  £2,098 JPY 56,749 JPY 54,361 $4,709 $8,146 $9,070 $9,670 Net Profit DEM 1,122 DEM 910  £210  £132 JPY 36,264 JPY 31,863 $946 $686 $168 $1,960 Taxes DEM 520 DEM 845  £97  £72 JPY 9,038 JPY 3,929 $702 $343 $418 $1,540 Sales DEM 22,985 DEM 25,991  £3,309  £2,374 JPY 226,575 JPY 226,656 $9,474 $12,312 $26,244 $27,333 *note: Inventory level not available for EMI due to differences in British accounting practices. All figures obtained from the consolidated financial reports contained inside the parents annual report. Table 1: Financial Results for BMG BMG Inc Essay -- Music Industry Essays BMG Inc The music industry has experienced dramatic shocks that will ultimately transform its structure. The transformations have been sparked by new technologies and Internet use distributing music as a digital good. The MP3 audio format and the wide distribution network that has become available via the Internet are driving changes in the recorded music market structure and, thus, are simultaneously having significant impacts on the players in the traditional recorded music value chain. Global retail sales of recorded music dropped from $39.8Bn in 1996 to $38.5Bn in 1999 while the popularity of digital music has grown. This reflects digital music’s new role as a â€Å"strategic necessity† of the music industry. It is obvious that the digital music format is here to stay and, indeed, is quickly becoming the preferred product choice of music customers. Our group will examine the internal and external factors responsible for shaping this new marketplace and analyze BMG’s roles in the move to distribution of digital music. Financial Analysis BMG Entertainment, a subsidiary of Bertelsmann media, is a privately held company; therefore we can not study its market performance. However they do release financial statements to the public allowing industry performance to be measured (See Figure 1). To measure BMG’s financial health and profitability three tests were performed. These tests were also applied to the other major players in the music industry. An excellent way to determine BMG’s financial health is a quick ratio, also known as the acid test ratio which was calculated and compared to it rivals. The quick ratio is calculated by taking a firm’s current assets minus inventory divided by current liabilities; this allows you see how well the firm can pay back its debts in a timely matter. BMG, with a ratio of 2.39, only trails Sony, and along with Sony they are the only ones to have a ratio over one, meaning the other three firms have more debt than cash and cash equivalents. This is good sign of finan cial health because BMG has more than twice the amount of liquid assets to cover its immediate debts; unlike its competitors who find themselves quite short. The final two tests net profit margin (net profits over sales) and return on assets (net profit before taxes over sales), measure firms profitability. Net profit margin measures how much profit is generat... ...68 DEM 8,652  £1,143  £1,013 JPY 210,516 JPY 176,191 $6,971 $8,881 $8,769 $9,861 Inventory DEM 1,278 DEM 1,569 JPY 16,274 JPY 12,918 $2,627 $2,555 $2,258 $2,182 Current Liabilities DEM 2,317 DEM 3,100  £2,255  £2,098 JPY 56,749 JPY 54,361 $4,709 $8,146 $9,070 $9,670 Net Profit DEM 1,122 DEM 910  £210  £132 JPY 36,264 JPY 31,863 $946 $686 $168 $1,960 Taxes DEM 520 DEM 845  £97  £72 JPY 9,038 JPY 3,929 $702 $343 $418 $1,540 Sales DEM 22,985 DEM 25,991  £3,309  £2,374 JPY 226,575 JPY 226,656 $9,474 $12,312 $26,244 $27,333 *note: Inventory level not available for EMI due to differences in British accounting practices. All figures obtained from the consolidated financial reports contained inside the parents annual report. Table 1: Financial Results for BMG

Essay --

Philos 25B SID 22340925 Paper 1 Explain the method that Descartes adopts in the First Meditation and how it leads him to the supposition of an evil genius. Descartes starts his meditation by dream argument. First, he recalls himself having the same perception and sensation while he is dreaming, and finds it difficult to distinguish dreaming experience from waking experience. Therefore, he raises the possibility that he might be dreaming through which all the perceptions he has are illusionary. However, as Descartes realizes that even if all the perceptions are illusionary, those images and components can only be derived from something actual and true, such as mathematical truth and geometry. Yet is there any other reason to support that even mathematical property doesn’t stand true as they appear? Descartes keeps wondering, and develops the idea of the deceiving God. A deceiving God, in his mind, is someone omnipotent, and is fooling him with all his reasoning and perceptions, including granted mathematical truth and geometry. For example, one thinks 2 plus 3 accounts for 5 by addition rule but the rule has already be twisted through God’s scheme. Therefore, it is possible that even the basic ideas of the world structure one has can be deceiving and that all the granted belief he had are false or non-existing. Therefore, Descartes decides to doubt everything that he finds with even a slightest objection. While applying universal doubt, Descartes finds the idea of deceiving God contradictory, because God is supposed to be perfectly good, so good that God cannot deceive people on their knowledge. Instead, he states, that there should be something else if doing all the malicious tricks. Therefore he raised the idea of â€Å"evil g... ...ble proof. The possibility that thinking exists itself without â€Å"something† processing it can be stated as: There is thinking occurring, Therefore thinking exists. In this case, it is justifiable that the concept â€Å"I† is unnecessary and only appears as a part inside contingent thoughts. Nevertheless, it could also be argued that that Descartes is actually referring â€Å"I† to a broader sense, which has included the interpretation that â€Å"I† is equal to â€Å"thinking† itself, and the argument can be as such: There is thinking occurring. (1) I am the thinking. (2) Thinking exists because of (1). (3) I exist because of (2) (3). (4) Which of the speculations represents Descartes’ idea better is still in question and needs further clarification. With these proposed speculations, I look forward to reading the rest of Descartes’ text to find out the answer.

Diversity Within English Essay -- essays research papers

Diversity Within English   Ã‚  Ã‚  Ã‚  Ã‚  In order to understand how language variation descriptors are used, we first must understand what language variation is. We can say that the U.S. is linguistically diverse because of the multitude of languages spoken here, but we can also find diversity within these languages. All languages have both dialectical variations and registral variations. These variations, or dialects, can differ in lexicon, phonology, and/or syntax from the Standard Language that we often think of as Å’correct' Language, although they are not necessarily less proper than, say, Standard English. It depends on where, by whom, and in what situation the dialect is used as to whether or not it is appropriate.   Ã‚  Ã‚  Ã‚  Ã‚  Most people are familiar with regional dialects, such as Boston, Brooklyn, or Southern. These types of variations usually occur because of immigration and settlement patterns. People tend to seek out others like themselves. Regional variations tend to become more pronounced as the speech community is more isolated by physical geography, i.e. mountain ranges, rivers. Linguists have done extensive studies on regional dialects, producing detailed Linguistic Atlases. Many linguists can tell where a person is from just by knowing whether a person carries groceries home from the supermarket in a paper bag or from the grocery store in a paper sack (Yule 184). And the person who comes home from the supermarket with a paper sack serves to remind us that language variation is not a discrete, but rather a continuous variable. Characteristics of the dialect are more pronounced in the center of the speech community and tend to be less discernible at the outer boundaries, where they often overlap other regional dialects.   Ã‚  Ã‚  Ã‚  Ã‚  Within, and between, these regional variations we find the social dialects. The primary social factors that influence dialects are class, education, occupation, ethnicity, sex, and age (Ferguson 52, Yule 191). And social dialects can vary on any or all three descriptor levels; syntax or grammar, lexicon or vocabulary, and phonetics or pronunciation. Social dialects are also where the described differences are often defined as stigmatized or nonstigmatized (Ferguson 52). Stigmatized items include use of the double negative (grammar), substituting the d sound for t... ...frequency. Using in' for ing, as in goin' is universal across status groups, but it is found almost twice as often in the lower working class than in the lower middle class, and almost four times more than in the upper middle class (Ferguson 61).   Ã‚  Ã‚  Ã‚  Ã‚  With all these different variables that intersect and overlap with the different dialect variations is is a wonder that any sense can be made of American English at all. But there two other important point to remember. Language universals such as displacement, arbitrariness, productivity, cultural transmission, discreteness and duality are unique to human language (Yule 22) and provides a base or norm for measuring variations. Implicational relationships provide a way of measuring relative distance between the different variations and also serve as a means to predict changes in individual dialects (Ferguson 66). Works Consulted Ferguson, Charles A., and Shirley Brice Heath, eds. Language in the USA. Cambridge: Cambridge UP, 1981. Piatt, Bill. Only English? Law and Language Policy in the United States. Albuquerque: U of New Mexico P, 1990. Yule, George. The Study of Language. Cambridge: Cambridge UP, 1985.

Evaluate the dramatic impact of the supernatural Essay

Shakespeare’s Hamlet, tells the story of the prince of Denmark, a headstrong and passionate young man, who is seeking revenge for the murder of his father. He achieves this but tragically loses his own life in the process. The audience of Shakespeare’s time would have been newly deemed Protestant, as Hamlet makes reference to a belief in Purgatory, is never clear whether or not Shakespeare follows a particular religious line, however the audience would certainly have been familiar with the concept. The protestant beliefs differed little from those of the Roman Catholics. The only drastic changes being the Protestants acceptance of divorce, and exclusion of the belief in Purgatory; I am thy fathers spirit, Doomed for a certain term to walk the night, And for the day confined to fast in fires Till the foul crimes done in my days of nature Are burnt and purged away (1. 5. 9-13) Whilst the existence of the ghost is a common belief in Elizabethan England, and evidence for the existence of an afterlife, he speaks of his confinement in what can be assumed to purgatory or hell. Purgatory is represented as being the state between heaven and hell in which tainted souls are purged of their crimes and sent, in a state of purity to heaven. This belief is a uniquely Catholic one. However recently, the Pope has stated that Purgatory is a state of mind rather than a physical place, and whilst a person is in that state of mind, repenting of their sins, they will be allowed to enter heaven upon death. This reflects upon a change in the nature of the Catholic Church as well as a laxity in the structure of religious education. Religion in Shakespeare’s England was a much more prominent part of life than it is in comparison with today. The multicultural nation we live in now was then dominated by the chosen religion of the monarch. At this point the religion was Protestantism. As Elizabeth the first was on the throne. Whilst being a protestant, Elizabeth was recorded as being tolerant of Catholic beliefs. This adjustment to a protestant life would still have left some remnants of Catholicism in its path. Redemption and the state of the immortal soul after death was one of the main beliefs of the Catholic Church and the Protestant faith, however to less of an extent and this is reflected as it is one of the main themes in Hamlet. This manifests itself in several ways. For example, it is Hamlet’s belief in the afterlife and desire to act as ultimate judge is what stays his hand as Claudius unwittingly tries to pray in the church; A villain kills my father, and for that I his sole do this same villain send To heaven! Claudius, as he appeared to be praying, would have died in a state of grace with god and gone to purgatory or heaven rather than hell, which is where Hamlet would much prefer Claudius spent eternity. This is in line with the religious beliefs of the time. Therefore to the audience of the time, hell would have been a much more real and present threat than today. As attendance at church was mandatory and punishable by time in the stocks, the majority of the audience would be familiar with the concept. The heat of hell is another concept the audience would have been familiar with is the heat of hell. Shakespeare makes reference to this in act one scene five, and it is also a point of reference in the bible; And shall cast them into a furnace of fire; there shall be wailing and gnashing of teeth (Matthew 13:42) At this point in history, the bible was first being translated from Latin into English. So religion reached the British public on mass on new levels. In Hamlet, the fires and sulphur of hell are3 referred to initially by the ghost; When I to sulph’rous and tormenting flames Must render up myself (1. 5. 2-3) Whether the ghost of Old Hamlet is residing in hell or Purgatory is an issue which Shakespeare leaves open and unresolved. This leaves the Shakespearean audience with the question of whether there was a hope of redemption for Old Hamlet, and in relation themselves. The ghost uses a great deal of apocalyptic imagery, heightening the dramatic impact of his words on the modern and contextual audience; Oh horrible, oh horrible, most horrible! If thou hast nature in thee bare it not Let not the royal bed of Denmark be A couch for luxury and damned incest (1. 5. 80-84). The relationship between Claudius and Gertrude would have been seen as incest n Shakespeare’s time, whilst it would be more acceptable today. This declaration is seen coming from the mouth of the ghost. To a contextual audience, this would greatly increase the sense of urgency, and condemn incest as being against god. This shows the audience of Shakespeare’s time was far more greatly affected by the supernatural, religion and the afterlife than today. As today, our understanding of religious teaching is far less comprehensive than this, and applies to a far smaller proportion of society. Shakespeare’s accuracy regarding religious beliefs of the time would have had a far larger impact on the audiences of the time, as these beliefs directly related to their lives. These beliefs were taken a great deal more seriously by the majority of the country. Evidence for this is that the clergy, in the social hierarchy was second to the nobility; the church was often consulted in parliamentary matters. In contrast to today, where the church, still an influential force, is influential over far fewer people. To a modern audience, Hamlet offers an insight into the mindset of the 1600’s audience. This interest in the afterlife, and the duality between life and death occurs in more than one of his plays. Macbeth for example is fully aware of the apocalyptic consequences of murdering the king, placed there by god. Today, the divine right of kings is less of an issue as we live in a country run by an elected parliament based on a voting system involving universal suffrage. A similarity between the Shakespearean audience’s perception and a modern audiences perception of Hamlet is the human fascination with death and the afterlife. Shakespeare clearly shows the Roman Catholic perception of death, one of the few acceptable at the time. This would have relevance to a much smaller percentage of the modern audience. Rather than appeal to the darker side of a Roman Catholic belief, Hamlet tempts the inquisitive and growing, almost pagan darkness in society. The ghost of Old Hamlet is the most vivid appearance of the supernatural directly influencing the play. It is a crucial issue whether or not the ghost is the past king of Denmark.

Diabetes: The Growing Epidemic

Diabetes mellitus (DM) is a outgrowth global health job that is a malady worth examining in some detail because in umteen a(prenominal) respects it typifies a disease of bread and butterstyle. Diabetes has change magnitude since 10 years ago when it was solitary(prenominal) 30 billion peck modify to just intimately 135 million directly (Hjelm, et al, 2003, p. 426). By 2025, it is estimated that there entrust be around 300 million commonwealth all over the world who will acquire this disease (as cited in Hjelm, et al World Health Organization 1997).It seems that urbanization and industrialization seem to be the reasons that instantly face concourse of every artless making them vulnerable to this risk (Hjelm, et al, 2003, p. 237). In fact it is now anticipateed a spic-and-span world syndrome because it is the effect of modernization at present (Hjelm, et al, 2003, p. 238). Diabetes is a metabolic rowdyism in which the body fails to regulate the train of loll y (glucose) in the rakehell. Blood sugar levels in n earliest people ar 50-150 mg. of glucose per 100 ml of blood.If a souls blood sugar level is persistently spirited, serious symptoms may develop. Fortunately, nurses ar in a good horizon to employ new query findings to match and prevent this fatal disease. The increase in Type 2 diabetes demonstrates a disease in transition. The study therefore tries to awaken aw beness among nurse educators regarding the causes of the disease by reviewing the present literature and discussing implications on the subject bea of nursing curricula especially in large Britain and Sweden.This is all the more than relevant because nurses kibosh strategic positions to help reduce this problem. References in recent articles were consulted, especially those published amidst 1985-2001 including critical analysis of contemporary literature. Findings advertise that diabetes mellitus is a metabolic disorder compositors caseized by chronic hyp erglycaemia. (Hjelm, et al, 2003, p. 220). Aside from the differentwise findings that establish the data already characterizing the disease, it was known that people with DM run through reduced c areer expectancy (Hjelm et al. 997) and there is a high risk of developing chronic complications such as microangiopathy, neuropathy and macroangiopathy.Social issues about diabetes Diabetes is socially discoverd, as posited by authors Liburd & Vinicor who state that Type 2 diabetes experienced by racial and ethnic majority groups in the United States demand a refoc utilise of the familiar health look into and even its interventions. There motivefully to be further studies on how friendship health models send away(predicate) reflect the ever-changing status and sociopolitical dynamics of contemporary urban communities (Liburd & Vinicor, 2003).Consequently, the rise in character reference 2 diabetes comes at the recent discovery of theme and international increase in the encounter of obese people. There is a need to look into the different ways by which the government has intervened in the rise of diabetes among the nonage groups. (Bardsley & Want 2004). Type 2 diabetes and obesity has been perpetually referred to as the diseases of modernization. This disease has been the prototypic to appear among the people of the Pacific Islanders, the Micr one and only(a)sians, Melanesians and the Polynesian ancestry. charm the western checkup community continuously conducts studies on diabetes in order to get ahead a better understanding about it, there is a need to look into the surrounding background on how this complaint came about and how it has now been recognized as fast becoming one of the most common ailments among the people across the globe. Diabetes necessitate to be addressed in the public health system. Illnesses that ar of natural causes evoke be treated by modern medical exam doctors, herbalists and other doctors of natural illness.W hile illnesses that are caused by occult forces or their agents tush be treated by using the creator of a conjurer to produce and execute the correct treatmentConjurers are believed to let the force to summon a supernatural force, such as a devil or evil spirit, both to do harm, such as incentive an illness or to expel a disorder On the other hand, for weird illnesses, they are treated through and through the power of a god acting through a religious healer or medium that is required to diminish ghostly illness or induce a return to health in the character of a person believed to be agony from spiritual illness (Liburd & Vinicor, 2003).An example are African Americans who are stereo guinea pigd as the Black Americans, they are varied on almost any dimension one could name in the sense that many are low income, a growing look are in the kernel and upper income categories, and quite a number are categorized as workals. While there a number in the population who are not scho oled, allay others are educated in different levels and educational background. Many of them are locate in the rural South, but there are increasing in add up who are located in the urban areas in the North and West of America.African Americans have a vast array of characteristics thus the western medical community is advise to treat black patients as an individuals. novel finding reveal that there about 10 million Americans with diabetes. Five million of which do not know that they have this disease. There three kinds of diabetes (1) Type 1 Diabetes, as well up called juvenile diabetes or insulin-dependent diabetes. It is unremarkably first diagnosed in children, teenagers, or materialization adults. The beta cells of the pancreas no longer rag insulin because the bodys immune system has attacked and destroyed them This type of diabetes can be treated by taking insulin shots or using an insulin pump, straight-laced choices of food intake, regular exercise, controlling b lood instancy and cholesterol. (Liburd & Vinicor, 2003). (2) Type 2 Diabetes, is overly called adult-onset or noninsulin-dependent diabetes. It is the most common anatomy of diabetes that can be developed during early childhood.It is begins with insulin resistance, a condition in which fat, muscle, and liver cells do not use insulin justly The pancreas functions to guard up with the added demand by producing more insulin, however in time, it loses the ability to secrete enough insulin in reaction to meals The treatments applied for this type of diabetes are diabetes medicines, choosing the becoming food intake, controlling blood pressure and cholesterol (Liburd & Vinicor, 2003). (3) Gestational Diabetes is usually developed among women who develop diabetes during the late stages of pregnancy.It usually goes away after the baby is born. However, a cleaning lady can possibly develop type 2 diabetes later in life if preventive measures are not through with(p) accordingly. Comm on symptoms associated with diabetes Frequent urination, positive thirst, Extreme hunger, Dramatic weight loss with change magnitude food intake, Weakness, fatigue, irritability, and drowsiness, Blurred vision or changes in eyesight, Tingling or impassivity in the fingers, arms, legs, or feet can also be observed.In sum, ethnical systems, values, customs and the surround they say may have causative effects in the development of ailments such as diabetes in persons. In fact, medical communities make use of these elements as nitty-gritty of understanding the reasons why diabetes and such other ailments are common among certain cultural and ethnical groups like the African Americans. The call for creative yet continuous studies and research is highly demanded among dedicated and committed medical communities today, especially in the development of more effective medical studies.Research works through by considering the role of socioeconomic factors as well as racism, poverty, and race/ethnicity can be helpful and effective tools to poke out the scope of research studies. The application of soft research methodology is an added tool to come objectivity in the conduct of collective studies as it also draws a holistic approach in understanding the mise en scene of human behavior as well as human experience of people in their environment.Most often than not these are rich sources of areas of study that make the research work effective and realistic (Bardsley & Want, 2004 p. 107). In sum, the development of Type 2 DM is socially-related. Authorities and experts need to see this and its implications in order to develop measures to educate nurses and other people in the health profession so that more concrete step can be taken to keep more people healthy as long as possible. The management of ego care in diabetic diseases involves an adaptation. leg can arise due to social, mental and physical consequences.

Only the Strong Survive

The price of capital has increased.There is a big difference between the shipbuilding market of 2002 and 2013, however.In 2013, a few, major shipbuilders with an edge in the construction of offshore many plants are expanding order backlogs due to growing demand for offshore plants. We anticipate investments in offshore E&P projects will continue to rise, as we expect oil prices will remain high. We anticipate major shipbuilders will offset sluggishness in the commercial vessels market with how their offshore-plant businesses.Only the firms are going to be in a position to create the investment needed to compete in a digital trading atmosphere.[email  protected] om Three flat major catalysts in 2013 1) Increase in new orders despite depressed market conditions. 2) Improved cash flow and balance sheets. 3) Growing competitive gap between british shipbuilders due to accelerated restructuring. Historic low P/B presents attractive valuations We expect Korean shipbuilders will be abl e to maintain their competitive edge regardless of the depressed shipbuilding market.

Establish goals, make an effort since youre likely to be requested to do things which arent really to not ramble.We find Hyundai Mipo Dockyard (010620 KS/Buy/TP: W148,000) to be the best among shipbuilders that focus on mid-to-small vessels. We raise our target price on Samsung Heavy Industries by 5% to W46,200 to reflect its stable earnings and solid order flow; however, we downgrade our rating of Hanjin Heavy I&C (097230 KS/Hold) from Trading Buy to Hold. Three major domestic shipbuildersE cash flow and share performance (Wbn) 10,000 Avg. ash cerebral flow of major shipbuilders (L) Avg.Thus the liberty of everyone is the outcome of solidarity.Three major domestic shipbuildersE order trend and forecast (Wbn) 70,000 60,000 50,000 40,000 30,000 20,000 10,000 0 01 02 03 04 05 06 07 08 09 10 11 12 plate 13F Shipbuilding Non-shipbuilding Source: Company data, KDB Daewoo Securities Research Figure 3. KOSPI and shipbuilding stock index trend (1/1999=100) 1,000 KOSPI Shipbuilding stoc k index 800 600 400 200 0 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13F 13 14F 14 Source: KDB Daewoo Securities ResearchKDB korean Daewoo Securities Research 2 January 17, 2013 Shipbuilding Three major catalysts in 2013 1. New orders for major Korean shipbuilders to increase sharply In 2013, we expect major Korean shipbuilders will see sharp increases in new orders. Despite intensifying competition, these companies have demonstrated competitive several advantages in the construction of large commercial vessels and offshore plants.

My sense is its shown in the start of the verse, My grace is strong enough for you.In particular, we expect orders for certain high-priced vessels, including FPSO and LNG FPSO, to increase. 2.Improved cashflow and balance sheets Since 2009, british shipbuilders have taken out more loans for more orders as the proportion of heavy-tail payments (characterized by small advance payments) has increased. On a more positive note, however, we expect shipbuilder loans to decrease (thus improving cashflow) as these contracts are paid off toward late 2013.Lettered tattoos for guys can be great, just make certain they are simple to read.Second phase of restructuring to further consolidate industry We anticipate the shipbuilding market will remain weak due to the global economic downturn, logical and the tightening of ship financing. We project the current, still-surviving shipbuilding companies will aggressively seek new orders to strengthen backlogs. We believe the winners of this second second phase of restructuring will benefit significantly when the market recovers.Amid the current drop in vessel construction, the percentage of bulk carriers and tankers (out of total orders) has decreased significantly, while the percentage of megacontainerships and LNG carriers has increased.

Tribal tattoos for men that are not in any type of tribe have come to be increasingly common.Another risk factor is won appreciation, but at current levels, we believe risks are limited, thanks to Korean shipbuildersE technological edge, and dollar denominated payment for raw materials, which accounts for 40% of total raw organic material purchase. KDB Daewoo Securities Research 3 January 17, 2013 Shipbuilding Figure 4. Three major domestic shipbuildersE cash flow logical and share performance (Wbn) 10,000 Avg. cash flow of major shipbuilders (L) Avg.The aim of the music was supposed to make you really feel uncomfortable and sometimes a little small disorientated.7% 8 0 2008 2012 Source: Clarkson, press release, KDB Daewoo Securities Research Figure 6. Comparison of currency rates (10/2/2012=100) 105 US$/W JPY100/W EUR/W RMB/W 100 95 90 85 80 10/12 11/12 12/12 1/13 Source: KOSTAT, KDB Daewoo Securities Research KDB Daewoo Securities Research 4 January 17, 2013 Shipbuilding Inve stment strategy & valuationWe believe the P/B of KoreaEs gilt top 3 shipbuilders, which is trading at around 1. 0x, should rebound to 1. 2x, a level seen historically as the low, thanks to the aforementioned three major catalysts.

old Folks who make the decisions.nd Sembcorp Marine (Singapore companies specialized in offshore plant). In light of the ongoing eurozone crisis and unstable global economy, shipbuilding new shares are expected to trade between a P/B of 1. 0x~1. 3x.Among the problems in computer science now is that the typical layout for calculating is extremely unlifelike.Figure 7. Major shipbuildersE ROE, P/B trends (Market cap, Wtr) 4. 0x (%) 50 3. 0x 40 90 60 2.

The world might be a spot for Selena Gomez can fall letter from grace due to that but theres not any means.New order trends (US$bn) 30 25 20 15 10 5 0 03 04 05 06 07 08 09 10 11 12 HHI SHI HMD Figure 10. Order backlog trends (US$bn) 60 50 40 30 20 10 0 07 08 09 10 11 12 HHI SHI HMD Source: Company Data, KDB Daewoo Securities Research Source: Company Data, KDB Daewoo Securities Research Figure 11. Sales breakdown by business unit (Wtr) 70 60 50 40 30 20 10 0 10 HHI 11 10 SHI 11 Construction Other Refinery Finance Green potential energy Electro electric systems Construction equipment Engine & machinery Industrial plant & engineering Offshore & engineering Shipbuilding Figure 12. Hyundai Heavy IndustriesE P/B upward trend Market cap,Wbn) 42,000 35,000 28,000 21,000 14,000 7,000 0 00 01 02 03 04 05 06 07 08 09 10 11 12 13F 13 3.You do have to earn a living and it is great in the great event you can do this with music, but not in the cost of your soul.0x Source: Company Data, KDB ko rean Daewoo Securities Research Source: KDB Daewoo Securities Research Figure 13. Samsung Heavy IndustriesE P/B trend (Market cap,Wbn) 14,000 12,000 10,000 8,000 1. 0x 6,000 4,000 2,000 0 00 01 02 03 04 05 06 07 08 09 10 11 12 13 13F 2. 0x 6.

Men have another reason behind choosing a mate.5x 6,000 2. 0x 1. 5x 4,000 1. 0x 2,000 0.Such men want the endurance to keep a high degree of combat readiness.0 Figure 18.EPS growth-P/E comparison (P/E, x) 20 Keppel 2. 0 Sembcorp Mitsubishi HHI 1. 0 Guangzhou Sumitomo giant Mitsui (ROE, %) 0.

It will happen once begun.6 Market EPS Growth (13F, %) 19. 1 P/E (13F, x) 8. 5 Market P/E (13F, x) 9. 0 KOSPI 1,977.There is simply no doubt.1 Foreign Ownership (%) 19. 6 Major Shareholder(s) Mong-Jun Jung et al. (21. 31%) Treasury shares (19.

Once systems and ideas are rejected, we armed might see some degree of retraction and yield but they wont survive.7 Relative -0. 9 -12. 6 -27. 1 One step back for twenty two steps forward ? ? ? Targeting orders of US$29.However, we expect the company to record robust orders in 2013, boosted by a pickup in the offshore/onshore plant market. The companyEs earnings how are anticipated to turn around in 2H13, while its cash flow should improve on massive orders and an increase in heavy-tail payments. HHIEs shares how are trading at a 2013F P/E of 8. 5x and a P/B of 1.In 2013, however, the company will be able to achieve its order target of US$29. 7bn in light of new its strong determination to revamp its business structure. 2) The company is anticipated to receive massive offshore/onshore plant orders.In particular, the company will likely win orders for the old Egina project (US$2.

4) Exports of construction equipment and ultra-high voltage transformers should also increase on recoveries in the US and Chinese economies. ) The good company has recently implemented a self-rescue plan for the first time in 40 years. While the number of applications for HHIEs early retirement plan (pushed through at end-2012) missed expectations, the company has subsequently carried out structural reform measures. We expect the companyEs long-term restructuring efforts to positively affect earnings going forward.7 3,782 6. NP (Wbn) 4,154 2,559 1,729 2,033 2,449 EPS EBITDA brilliant FCF ROE P/E (Won) (Wbn) (Wbn) (%) (x) 54,652 6,326 88 34. 5 8. 1 33,671 5,473 -504 16.1 8. 5 32,218 4,768 2,297 12. 2 7. 1 P/B (x) 2.9 EV/EBITDA (x) 6. 5 5. 3 8. 5 6.

8 12/12F 54,741 49,759 4,981 2,496 2,485 2,485 110 233 -240 2,595 766 1,829 0 1,829 1,729 100 1,568 1,458 110 3,469 -2,260 6. 3 4. 5 3. 2 12/13F 58,433 52,473 5,960 2,630 3,331 3,331 -448 248 -200 2,882 749 2,133 0 2,133 2,033 100 1,872 1,762 110 4,320 2,005 7.0 3. 9 Statement of Financial Condition (Summarized) Wbn) Current Assets Cash and Cash Equivalents AR & Other Receivables report Inventories Other Current Assets Non-Current Assets Investments in Associates Property, Plant and Equipment Intangible Assets Total Assets Current total Liabilities AP & Other Payables Short-Term Financial Liabilities Other Current Liabilities Non-Current Liabilities Long-Term Financial Liabilities Other Non-Current Liabilities Total Liabilities Controlling Interests Capital Stock Capital economic Surplus Retained Earnings Non-Controlling Interests Stockholders Equity 12/11 23,076 1,610 9,525 6,478 2,359 25,924 973 15,565 2,324 49,001 25,491 14,339 8,903 2,249 5,334 3,224 1,954 30,824 16,379 380 1,100 15,399 1,797 18,177 12/12F 25,628 1,888 10,237 6,897 2,737 24,553 916 15,706 2,290 50,181 23,183 11,605 9,060 2,518 7,460 5,550 1,755 30,643 17,624 380 1,100 16,894 1,915 19,538 12/13F 28,538 3,517 10,927 7,304 2,922 24,365 716 15,703 2,264 52,903 24,136 12,388 9,060 2,688 7,602 5,550 1,896 31,737 19,141 380 1,100 18,682 2,025 21,166 12/14F 30,153 3,469 11,786 7,878 3,151 24,277 566 15,700 2,240 54,430 24,320 13,361 8,060 2,899 6,901 4,550 2,195 31,221 21,074 380 1,100 20,885 2,135 23,208 Cash Flows (Summarized) Wbn) Cash Flows from Op Activities Net Profit Non-Cash Income and great Expense Depreciation Amortization Others Chg in Working Capital Chg in AR & Other Receivables Chg in Inventories Chg in AP & Other Payables Income Tax Paid Cash Flows from Inv Activities Chg in PP&E Chg in Intangible total Assets Chg in Financial Assets Others Cash Flows from Fin Activities Chg in Financial Liabilities Chg in Equity big Dividends Paid Others Increase (Decrease) in Cash Beginning B alance Ending Balance 12/11 276 2,743 3,078 853 85 -860 -4,072 -178 -1,442 -364 -1,474 -888 -1,583 -67 -34 796 347 1,206 0 -411 -448 -269 1,879 1,610 12/12F -1,972 1,829 1,907 899 85 107 -4,572 -512 -453 -3,197 -1,136 -544 -1,074 -60 406 184 2,806 3,484 0 -245 -444 278 1,610 1,888 12/13F 3,082 2,133 2,187 903 86 50 -489 -691 -407 783 -749 -770 -900 -60 0 190 -683 0 0 -245 -438 1,628 1,888 3,517 12/14F 3,345 2,549 2,220 903 84 50 -528 -859 -574 973 -895 -738 -900 -60 0 222 -2,654 -2,000 0 -245 -409 -48 3,517 3,469 Forecasts/Valuations (Summarized)P/E (x) P/CF (x) P/B (x) EV/EBITDA (x) EPS (W) CFPS (W) BPS (W) DPS (W) Payout ratio (%) Dividend Yield (%) Revenue Growth (%) EBITDA Growth (%) Operating Profit economic Growth (%) EPS Growth (%) Accounts Receivable Turnover (x) Inventory Turnover (x) Accounts Payable Turnover (x) ROA (%) ROE (%) ROIC (%) Liability to Equity high Ratio (%) Current Ratio (%) Net Debt to Equity Ratio (%) Interest Coverage Ratio (x) 12/11 12/12F 12/13F 12/14F 7. 6 10. 6 8.7 5. 0 1. 3 1. 1 1.2 5. 2 33,671 22,750 26,750 32,218 46,009 35,699 39,772 45,203 203,367 220,183 240,492 266,237 4,000 0 4,000 4,000 9. 6 0. 0 12.

8 1. 8 43. 8 1. 9 6.5 10. 4 -18. 0 -45. 2 34.6 20. 4 5. 9 6. 0 6.2 8. 3 4. 1 4. 8 5.

1 4. 8 16. 7 10. 2 11.0 11. 2 169. 6 156. 8 150.2 124. 0 40. 8 45. 3 34.6 9. 2 Source: Company data, KDB Daewoo Securities Research estimates KDB Daewoo Securities further Research 9 January 17, 2013 Shipbuilding Samsung Heavy Industries (010140 KS) Buy (Maintain) Target Price (12M, W) 46,200 Share Price (01/16/13, W) 37,850 Expected Return (%) 22. 1 EPS Growth (13F, %) 0. 6 Market EPS Growth (13F, %) 19.

0 Free Float (%) 69. 5 52-Week Low (W) 31,650 52-Week High (W) 42,350 Beta (12M, Daily Rate of Return) 1. 57 Price Return Volatility (12M Daily, %, SD) 2. 3 Foreign Ownership (%) 32.05%) Price Performance (%) 1M 6M 12M ablative Absolute -2. 7 4. 3 12. 3 Relative -1.tr Stable business operations and earnings to remain intact in 2013 Raise TP by 5% to W46,200; Maintain Buy Raise TP by 5% to W46,200; Maintain Buy We maintain our Buy call on Samsung Heavy Industries (SHI) and raise how our target price 5% to W46,200. In deriving our target price, we applied a 5% premium to the companyEs lowest P/B level since 2005 (1. 3x). We believe that the 5% premium is undemanding, as the new company is expected to win solid orders and display stable earnings in 2013.3x. We think that SHI has strong investment merits in light of its competitive edge, stable earnings, robust growth potential, and cash flow improvement. Investment summary 1) Domestic institutions how are most optimistic on SHI am ong the three largest domestic shipbuilders. SHI has proven its superior competitiveness in the offshore plant business, including FLNG and drillships.

As such, the company will be able to repay its debt and strengthen its financial structure. 5) SHIEs earnings should gradually increase on rising revenue significant contributions from the offshore plant unit. Share price 150 140 130 120 110 100 90 80 1/12 5/12 9/12 1/13 KOSPI Earnings & Valuation Metrics FY 12/10 12/11 12/12F 12/13F 12/14F Revenue (Wbn) 13,146 13,392 14,875 14,980 15,751 OP OP Margin NP (Wbn) (%) (Wbn) 1,433 10. 1,000 1,160 8.7 3,685 1,455 1,556 19. 4 4,021 1,551 282 18. 4 4,044 1,514 931 15. 8 4,396 1,667 978 14.4 8. 6 P/B (x) 2. 1 1. 2 1.4 6. 1 5. 5 4. 5 Notes: All figures are based on consolidated K-IFRS; NP refers to net profit attributable to controlling interests Source: Company data, KDB Daewoo Securities Research estimates Daewoo Securities Research 10 January 17, 2013 Shipbuilding Samsung Heavy Industries (010140 KS/Buy/TP: W46,200) Comprehensive net Income Statement (Summarized) Wbn) Revenues Cost of Sales Gross Profit SG Expenses Operating Profit (A dj) Operating Profit Non-Operating Profit Net Financial Income Net Gain letter from Inv in Associates Pretax Profit Income Tax Profit from Continuing Operations Profit from Discontinued Operations Net Profit less Controlling Interests Non-Controlling Interests Total Comprehensive Profit Controlling Interests Non-Controlling Interests EBITDA FCF (Free Cash Flow) EBITDA Margin (%) Operating net Profit Margin (%) Net Profit Margin (%) 12/11 13,392 11,628 1,763 681 1,083 1,160 -10 -25 -32 1,150 299 851 0 851 851 0 616 616 0 1,455 1,556 10.

2 6. 2 12/13F 14,980 13,017 1,962 764 1,198 1,198 4 -44 0 1,202 268 934 0 934 934 0 925 925 0 1,514 931 10. 1 8. 0 6.6 5. 3 1. 2 5. 4 3,685 5,296 22,582 500 12.0 -14. 9 2. 8 23. 3 3.4 91. 3 25. 8 57. 5 12/12F 9.

0 0. 0 11. 1 6. 6 5.7 5. 8 18. 4 18. 9 182.7. 0 1. 3 5. 5 4,044 5,410 30,381 0 11.2 0. 6 4. 0 27. 1 4.

5 126. 4 -10. 3 69. 5 12/14F 8.0 0. 0 5. 2 10. 1 13.1 6. 4 14. 9 19. 1 121.4 EPS economic Growth (13F, %) 45. 2 Market EPS Growth (13F, %) 19. 1 P/E (13F, x) 13. 1 Market P/E (13F, x) 9.

58 Price Return Volatility (12M Daily, %, SD) 2. 4 Foreign Ownership (%) 18. 1 Major Shareholder(s) Hyundai Samho Heavy Industries et al. (46.We expect HMD to maintain stable rapid growth in orders and earnings, despite the global economic slowdown and eurozone fiscal crisis. Indeed, among small- to mid-sized shipbuilders, HMD is the company most favored by shipowners. Amid an expected further slowdown in the shipbuilding market, the company is anticipated to display distinguished share performance in 2013. Given HMDEs cash holdings of W450bn logical and the value of its stake in Hyundai Heavy Industries (W1.Investment points ) We believe HMD will continue to display outstanding performance among small- to mid-sized Korean british shipbuilders in 2013. Even amid intensifying competition due to limited orders and low ship prices, the company is expected to enjoy stable orders, earnings, and cash flow this year. 2) HMDEs competitiveness comes from its productivity, financing capa bility, and the quality of its products. It also boasts strong cost competitiveness as the company purchases raw materials at relatively lower prices from the Hyundai top Heavy Industries Group.5 3. 3 6M 6. 4 -2. 4 12M 11.

1 4,624 378 8. 2 200 9,992 441 -633 5. 5 11. 2 4,404 126 2.4 13. 1 4,855 230 4. 235 11,770 293 416 7. 4 10.2 1. 0 13. 8 0. 9 8.2 4. 3 12/12F 4,404 4,002 402 276 126 126 41 -8 -2 167 41 126 0 126 131 -5 -274 -265 -9 192 -563 4. 4 2. 9 3.

0 4. 7 4. 9 Statement of Financial Condition (Summarized) Wbn) Current total Assets Cash and Cash Equivalents AR & Other Receivables Inventories Other Current Assets Non-Current Assets Investments in Associates Property, Plant logical and Equipment Intangible Assets Total Assets Current Liabilities AP & Other Payables Short-Term Financial Liabilities Other Current Liabilities Non-Current Liabilities Long-Term Financial Liabilities Other Non-Current Liabilities grand Total Liabilities Controlling Interests Capital Stock Capital Surplus Retained Earnings Non-Controlling Interests Stockholders Equity 12/11 4,134 564 975 283 427 3,691 34 889 340 7,825 3,914 1,774 1,779 361 502 56 420 4,416 3,217 100 91 2,081 191 3,409 12/12F 4,994 418 1,814 231 352 3,632 35 928 341 8,626 4,499 1,850 2,253 396 999 191 781 5,498 2,912 100 90 2,172 215 3,127 12/13F 4,919 468 1,568 243 462 3,675 33 964 344 8,593 4,274 1,905 1,953 416 1,046 141 878 5,320 3,067 100 90 2,323 206 3,273 12/14F 4,878 532 1,4 27 255 486 3,650 31 933 347 8,527 4,071 1,991 1,643 437 993 101 865 5,063 3,267 100 90 2,519 197 3,464 Cash Flows (Summarized) Wbn) Cash Flows from Op Activities Net Profit Non-Cash Income and Expense Depreciation year Amortization Others Chg in Working Capital Chg in AR & Other Receivables Chg in Inventories Chg in AP & Other current Payables Income Tax Paid Cash Flows from Inv Activities Chg in PP&E Chg in Intangible Assets Chg in Financial Assets Others Cash Flows from Fin Activities Chg in Financial Liabilities Chg in Equity Dividends Paid Others significant Increase (Decrease) in Cash Beginning Balance Ending Balance 12/11 -697 202 311 62 1 -213 -1,075 -190 -54 -593 -135 441 -100 -4 400 145 93 245 0 -93 -59 -168 732 564 12/12F -816 126 78 65 2 -12 -969 -220 52 66 -50 150 -112 -4 79 186 516 601 0 -39 -46 -146 564 418 12/13F 489 185 71 64 1 10 291 247 -12 56 -58 -47 -100 -4 0 57 -392 -350 0 -39 -2 50 418 468 12/14F 432 230 62 62 1 30 212 140 -12 86 -73 23 -30 -4 0 57 -391 -350 0 -39 -2 64 468 532 Forecasts/Valuations (Summarized)P/E (x) P/CF (x) P/B (x) EV/EBITDA (x) EPS (W) CFPS (W) BPS (W) DPS (W) Payout ratio (%) Dividend Yield (%) Revenue Growth (%) negative EBITDA Growth (%) Operating Profit Growth (%) EPS Growth (%) Accounts Receivable Turnover (x) Inventory Turnover (x) Accounts Payable Turnover (x) ROA (%) ROE (%) ROIC (%) strict Liability to Equity Ratio (%) Current Ratio (%) Net Debt to Equity Ratio (%) Interest Coverage Ratio (x) 12/11 12/12F 12/13F 12/14F 11. 2 19.9 9. 8 8. 4 0. 8 1.8 8. 6 6. 0 9,992 6,556 9,518 11,770 13,153 9,869 12,760 14,910 146,152 130,821 138,428 148,290 2,000 2,000 2,000 2,000 19. 6 29.6 1. 6 1. 6 11. 7 -4.

5 33. 4 14. 3 -44. 7 -66.4 45. 2 23. 7 6. 1 4.1 19. 5 19. 5 2. 5 3.5 2. 2 2. 7 5. 5 4.

1 10. 7 15. 6 129. 6 175.0 115. 1 119. 8 -18. 0 -4.6 78. 1 109. 7Source: Company data, KDB Daewoo Securities Research estimates KDB Daewoo Securities Research 13 late January 17, 2013 Shipbuilding Hanjin Heavy I&C (097230 KS) Hold (Downgrade) Target Price (12M, W) Share Price (01/16/13, W) 10,000 Expected Return (%) 0. 0 EPS economic Growth (13F, %) RR Market EPS Growth (13F, %) 19.6 52-Week Low (W) 10,000 52-Week High (W) 23,850 Beta (12M, Daily Rate of Return) 1. 43 Price Return high Volatility (12M Daily, %, SD) 2. 7 Foreign Ownership (%) 9. Major Shareholder(s) Hanjin Heavy I Holdings et al (37.

We believe that the companyEs earnings and ready cash flow will not improve for the time being, given its tepid order performance amid the sluggish commercial vessel market, and the front suspension of its Youngdo shipyard due to a strike.Although the company has recently embarked on the development of an industrial site near the Incheon port, the project is unlikely to boost operating gross profit markedly due to high capital requirements and increased interest expenses. As such, the companyEs shares are unlikely to recover in the near term, in our view Although the companyEs shares are trading at a 2013F P/B of just 0. 4x, we believe that their investment merits are low.2) There is a slow growing possibility that the Subic shipyard will take new orders, as it possesses strong price competitiveness. However, as it is difficult to slender build highend vessels at the Subic shipyard, the companyEs earnings are unlikely to recover in the near future. 3) There are many labor-manag ement social issues yet to be resolved, including one related to employees who are currently on leave due to a lack of work. ) Although HHIC is meeting its short-term capital special needs through real estate disposal, the company will likely find it difficult to sell large-scale real estate assets due to the real personal estate market slump.Proceeds from the companyEs planned rights offering (estimated to at W180bn) should be only equivalent to its annual interest expenses. 6M -26. 7 -35. 5 12M -47.5 -103 2,795 76 2. 7 -10 3,071 83 2. 7 -32 EPS EBITDA FCF ROE (Won) (Wbn) (Wbn) (%) -1,496 312 487 -3. 6 -2,006 200 -224 -5.

0 0. 5 0. 4 0. 4 0.9 18. 0 Notes: All figures are based on consolidated K-IFRS; NP refers to net profit attributable to controlling interests Source: Company data, KDB Daewoo Securities Research estimates Daewoo Securities Research 14 January 17, 2013 Shipbuilding Hanjin Heavy I (097230 KS/Hold) Comprehensive national Income Statement (Summarized) Wbn) Revenues Cost of Sales Gross Profit SG Expenses Operating Profit (Adj) Operating Profit Non-Operating Profit Net Financial Income Net Gain letter from Inv in Associates Pretax Profit Income Tax Profit from Continuing Operations Profit from Discontinued Operations Net Profit more Controlling Interests Non-Controlling Interests Total Comprehensive Profit Controlling Interests Non-Controlling Interests EBITDA FCF (Free Cash Flow) EBITDA Margin (%) Operating net Profit Margin (%) Net Profit Margin (%) 12/11 2,892 2,665 227 140 87 108 -190 171 -2 -82 15 -97 0 -97 -97 0 -90 -90 0 200 -224 6. 9 3. 7 -3.0 2. 7 -0. 4 12/14F 3,071 2,764 30 7 224 83 83 -125 150 0 -42 -9 -33 0 -33 -32 0 -57 -56 0 184 146 6. 0 2.9 -2,006 323 36,806 0 0. 0 0. 0 -8. 7 -35.

2 -1. 3 -5. 1 2. 4 276.3 0. 4 24. 0 -2,123 -111 34,182 0 0. 0 0.3 8. 0 3. 9 -1. 5 -5.5 0. 3 12/13F 5. 9 0. 4 16.

8 20. 1 RR 3. 6 9. 8 4.6 87. 1 152. 8 0. 4 12/14F 10.0 9. 9 -5. 8 9. 9 RR 3.8 2. 4 267. 0 81. 7 157.

As of the publication date, Daewoo Securities Co. , Ltd. has been acting as a financial advisor to Hyundai Mipo Dockyard for its treasury stock trust, and other than this, Daewoo Securities has no other special interests in the companies covered in this report.As of the publication date, Daewoo Securities Co.* The target price was determined by the research political analyst through valuation methods discussed in this report, in part based on the analystEs estimate of future earnings. The achievement of the target price may be impeded by risks related to the subject securities and companies, as well as general market and economic conditions. W) 800,000 600,000 400,000 200,000 0 1/11 7/11 1/12 7/12 1/13 korean Hyundai Heavy Industries (W) 60,000 50,000 40,000 30,000 20,000 10,000 0 1/11 7/11 1/12 7/12 1/13 Samsung Heavy Industries (W) 350,000 300,000 250,000 200,000 150,000 100,000 50,000 0 1/11 7/11 1/12 7/12 1/13 Hyundai Mipo Dockyard (W) 50,000 40,000 30,000 20,000 10,000 0 1 /11 7/11 1/12 7/12 1/13 Hanjin Heavy I&C Analyst such Certification The research analysts who prepared this report (the „Analysts†°) are registered with the Korea Financial Investment Association and are subject to Korean marketable securities regulations. They are neither registered as research analysts in any other jurisdiction nor subject to the laws and regulations thereof.Except as otherwise specified herein, the Analysts have logical not received any compensation or any other benefits from the subject companies in the past 12 months and have not been promised the same in direct connection with this report.No part of the compensation of the Analysts was, is, or will be directly or indirectly related to the specific recommendations or views contained in this report but, like all employees of Daewoo Securities, the Analysts receive compensation that is impacted by overall firm profitability, which includes public revenues from, among other business units, the instituti onal equities, investment banking, proprietary trading and private client division. At the time of publication of try this report, the Analysts do not know or have reason to know of any actual, material conflict of interest of the Analyst or korean Daewoo Securities Co. , Ltd.Information and pinions contained herein have been compiled from sources believed to be reliable and in good faith, but such information old has not been independently verified and Daewoo makes no guarantee, representation or warranty, express or implied, as to the fairness, accuracy, greater completeness or correctness of the information and opinions contained herein or of any translation into English from the Korean language. If this report is an English french translation of a report prepared in the Korean language, the original Korean language report may have been made available to investors in advance of this report. Daewoo, its affiliates and their directors, officers, employees and agents do not accept a ny liability for any loss arising letter from the use hereof. This report is for general information purposes only and it is not and should not be construed as an such offer or a solicitation of an offer to effect transactions in any securities or other financial instruments.

The price and value of the investments referred to in this report and the income from them may go down as well as up, and institutional investors may realize losses on any investments. Past performance is not a guide to future performance. Future returns are not guaranteed, and a great loss of original capital may occur. Daewoo Securities Research 16 January 17, 2013 Shipbuilding Distribution United Kingdom: This report is being distributed by Daewoo Securities (Europe) Ltd.S. by Daewoo Securities (America) Inc. , a member of FINRA/SIPC, and is only intended for major institutional investors as defined in Rule 15a-6(b)(4) under the U. S.Any U. S. recipient of this document wishing to effect a transaction in any securities discussed herein should contact and same place orders with Daewoo Securities (America) Inc. , which accepts responsibility for the contents of this report in the U.S. or to U. S. ersons absent registration or an applicable exemption from the registration requi rements.