Tuesday, August 6, 2019
Renaissance world Essay Example for Free
Renaissance world Essay Reread the opening soliloquy of Dr Faustus. In what way does this establish Faustus character and at the same time take you back into the Renaissance world? The opening soliloquy of Marlows , Dr Faustus reveals many different characteristics and values of the epilogist. At the same time as establishing Faustus character, the soliloquy takes one back to the Renaissance world by presenting Faustus as a man of his times since his character is greatly influenced by changes in attitudes and society which were encountered in the Renaissance era. One of Faustus key characteristics, which is very apparent throughout the opening soliloquy, is that he is engaged in a personal power struggle and is not content with his current status. One acknowledges this problem when Faustus asserts demands such as, Be a physician, Faustus, heap up gold, And be eternised for some wondrous cure. In instructing himself to find a wondrous cure in the medical world, Faustus is implying that he wants to be famous and improve his financial situation. This desire to become rich and famous compliments the newly-adopted attitude towards individuals after the Restoration. As the Restoration stripped the Church of its religious authority, prominence was given to individuals own quest for religious understanding and both mankind and his life on earth were therefore given greater value. Subsequently, those living in the Renaissance period, strove for success in life and found that their unique talents became significant and worldly virtues such as fame and glory were valued. This struggle for success became known as humanism and intellectuals such as Machiavelli placed this theory at the centre of their philosophies. Therefore Faustus longing for wealth, fame and recognition reflects this attitude of the struggle for personal power which was founded in the Renaissance era and gives reason to his desperation to make his unique talents greater. Another of Faustus characteristics which one can identity in his first appearance, is also a result of the humanist movement. The humanists proposed to educate the whole person and placed great emphasis on ones intellectual achievements. From the opening soliloquy it is therefore clear that Faustus is a humanist as he is very passionate and perhaps obsessive about enhancing his intellect. This drive for more superior knowledge is evident when in frustration, Faustus proclaims, Affords this art no greater miracle? Then read no more, thou hast attained the end; Faustus clearly finds that his present intellectual status is not challenged by his learned subjects and he craves something more demanding that would satisfy his humanist characteristic. However, from Faustus opening speech, it is also clear that his immense confidence in thinking he knows all aspects and areas of his studied subjects can undermine him. For instance, when Faustus tries to defy religious studies by implying that it is a pointless study he says, Si peccasse negamus, fallimur, et nulla est in nobis veritas. which, he believes will back up his dispute about religion. Not only does Faustus expose his lack in faith towards god, but in trying to show how clever he is by noticing the flaws in religion he actually draws attention to the gaps in his own knowledge. The quote he gives to confront religious studies, is incomplete, and had he known the entire phrase, he would have realised that his point would have been contradicted rather than supported his argument. Therefore the opening soliloquy reveals that Faustus has no true religious faith, bares humanism traits and this great desire for knowledge can sometimes lead Faustus, who is overly-confident in his own knowledge, to draw attention to his incomplete education. One is also taken back to Renaissance times, as not only is one reminded of the humanist attitude but the subjects which Faustus has studied such as, analytics, medicine, law and religion, are typical Renaissance subjects that, as Faustus often proves, were often learnt in their original texts. The mentioning of magic also links directly to Renaissance times as back then it was considered as merely another path of knowledge for a scholar to follow. As Faustus continues to slight the Renaissance curriculum, one discovers another of Faustus traits. When expressing his opinion on law, Faustus declares, This study fits a mercenary drudge Too servile and illiberal for me By declaring law as too servile and illiberal, Faustus is stating his aversion to being restricted as he cannot stand being controlled by another force. This characteristic would have been triggered by the break away of the society from the church as its ruling body. Faustus clearly feels he is an individual against the authority and power of superior forces. This characteristic is reinforced when one realises that he is serious about employing a new talent which will give him authority over all others. His assertion of the limitations of law also emphasises his wish to, in the words of Tamburlaine a Renaissance intellect and hero of Marlowe, climb after knowledge infinite. Therefore as the soliloquy progresses, one learns that Faustus is an individual against authority and is so serious about this cause that he will get involved with dangerous forces as well as, understanding that this anti-authority attitude is in context of Marlowes time as it may be a result of the declining power of the church in the Renaissance era. The opening soliloquy of Dr Faustus reveals many of Faustus characteristics such as him being a humanist, an individual against authority, a man with little religious faith who has an expansive, yet incomplete and flawed education. Faustus first appearance also manages to transport one back to the Renaissance world by exposing some traits of the time which have shaped Faustus personality, such as the impact which, the Reformation had on Faustus as well as his opinions formed on the traditional Renaissance curriculum. Therefore Faustus characteristics show a reflection of the context of the play and whilst discovering Faustus personality one also is taken back to the Renaissance world.
Monday, August 5, 2019
The Service Line Development
The Service Line Development At present time, there are many areas that are in high demand for patients in the service line area for completely new service lines. When following the strategic plan of implementation of the cardiovascular, cancer and orthopedic centers it will help to analyze the demand for the development of three new service lines. Please see below the elements necessary to perform such evaluation. How will position this three programs and centers (Cancer, Orthopedic and Cardio-Vascular), as an aggressive business competition for Trinity Community Hospital in the assigned market area. By reviewing the existing Trinity Community Hospital programs and services offered, that could serve as complementary components of the three new service lines. This will make accessible the most advanced medical approaches for diagnosing, treating and preventing disease elements that will end helping many people, we could say in the thousands. How will this three programs and centers (Cancer, Orthopedic and Cardio-Vascular), strengthen the outreach to be able to compete for great care and value-driven customers (patients), in the assigned market area. Most likely this will drive very strong increases in volume and at the same time will improved the financial performance. By performing a competitive analysis of similar programs (Cancer, orthopedic and Cardiovascular programs) in the assigned market area. To evaluate and analyzed the trends in the industry (healthcare, but specifically to Cancer, Orthopedic and Cardiovascular elements) and evaluate the demand in the defined market area for such specialty services. The demand to expand the service line is essential to increase performance of the organization and its future depends on the success of implementation of these three service lines (Cancer, Orthopedic and Cardio-Vascular). The demand for developing these service lines as a Regional Cancer Center, a Regional Orthopedic Center and finally a Regional Cardiovascular Center in the assigned market area is based in specialty services is as follows, by using information from the WGU case study, exactly from the five-years program strategic plan (PDF file): Goal 1: Developing a Regional Cancer Center. Strategy A: Offer Distinctive Clinical Programs and Services Multidisciplinary, disease-focused clinics: breast, GI, lung, prostate Comprehensive medical, surgical, radiation, support services Evidence-based treatment and access to leading clinical trials Strategy B: Emphasize Cancer Prevention and Control Community education Screening and risk assessment Outreach to underserved communities Strategy C: Enhance Service Access Fast-track scheduling Patient navigation Goal 2: Developing a Regional Orthopedic Center. Strategy A: Offer Distinctive Clinical Programs and Services Spine, total joint, hand Comprehensive rehab and support programs Best practices and treatment protocols Strategy B: Emphasize Prevention of Injury and Disease Community education Screening and risk assessment Outreach services to underserved communities Strategy C: Enhance Service Access Fast-track scheduling Coordination of services Goal 3: Developing a Regional Cardiovascular Center. Strategy A: Offer Distinctive Clinical Programs and Services Peripheral artery disease, heart failure, electrophysiology Cardiology for women Evidence-based treatment Strategy B: Emphasize Prevention and Control of Cardiovascular Disease Community Education Screening and risk assessment Outreach services to underserved communities Strategy C: Enhance Service Access Fast-track scheduling Coordination of services When looking at the above goals (three of them) and strategies, the demand for this three (Cancer, Orthopedic and Cardio-Vascular) service lines in the assigned market area will required to direct the focus on the following crucial elements: To guarantee that Trinity Community Hospital operations are conducted in an effective and competent manner. To help to differentiate the organization (Trinity Community Hospital), also to generate profits, and to improve the care of their patients, and document quality especially in this time of increased transparency.Ã Establishing a positive learning environment for the Trinity Community Hospital and their medical staff emphasizing on achievement and innovative strategies, which usually are used in very successful hospital around the country. To guarantee that patient care is consistently of high quality and that the Trinity Community Hospital environment is safe for patients, staff and visitors. To guarantee a high priority of service excellence for Trinity Community Hospital patients and staff. How to prioritize this three new service line strategies at Trinity Community Hospital. To aligned these three new service lines as an integrated group, to maximize the value across the continuum of care, decreasing internal organization competition, and improving the services performance and manageability as a whole.Ã 2. ANALYZE HOW CURRENT INTERNATIONAL HEALTHCARE TRENDS COULD BE INCORPORATED INTO THE DEVELOPMENT OF THE NEW SERVICE LINE. There are many different international healthcare trends that can be incorporated into the development of the new service line. Some are listed below: The seeking and the accessing of health information. Increasingly health information available is becoming more personalized at the individual level. The generalized information on disease and the typical treatment responses over the internet, are becoming irrelevant to the consumer. Diversity of individual specific sources should include personalized medicine, the use of social media (people being able to express their feelings, their emotions, especially when they are relevant to the treatment), also the access to their electronic health records. The use of self help groups, disease specific. Following the trend that consumers are demanding more information transparency. We need to understand that the transparency of information in healthcare is becoming an ethical obligation. Some of them are: waiting list, cost, patient access, patient satisfaction measures, also patient safety measures (Hospital error rates, infection rates, etc). Using trends in home base service delivery. In our case Cancer, Ortho and Cardiovascular programs. This can be also performed at the customer (patient) home. Especially for patients that cannot drive, or cannot be transported to their appointments (treatments, consultations, etc) to Trinity Community Hospital. It could as is used in Australia, as the care continuum, which usually is initiate with internet-based information. This is a great element, especially for patients who are motivated towards receiving self care. In our case, two of the new service lines, Ortho and Cardiovascular can be very easily implemented in the home based service delivery. The use of advances in technology and also in medicine, as in many other different countries. When investing in the disease prevention element and treatment it can direct us to a better understanding of the disease. Todays day there is a technological growth, in home care based products, especially diagnostic tools as: Telemedicine, remote monitoring blood pressure, heart rate, skin temperature, etc. Microscopy added to cell phones. Regardless of many challenges during the adoption of telemedicine at various levels, a crucial development can be seen worldwide towards adopting telemedicine applications, tools and techniques.Ã Telemedicine has become a powerful element and has brought never seen dimensions to healthcare, not only by rendering therapeutic healthcare but also preventive care, supportive and educational.Ã Understand the changes in generational attitudes. We need to understand that the Baby Boomers, do think and behave differently from their children. The aging populations (Baby Boomers) will soon increased in the healthcare system and overwhelm it. When there are older generations involved, it can lead to increased number of individuals that suffer from chronic and very expensive diseases to treat, that will put pressure on the healthcare system in general. Presently, it has been identified that once healthcare reform takes effect, and everyone will have health coverage there will be a huge shortage of physicians to take care of the people. Focusing on preventatives and improving health before the aging population gets to this level, should be a vital element because the end result could be more cost effective, by not having so many members of the aging population with so many chronic diseases. Medical Cost that continue to rise in healthcare are never ending. By using the state of the art technological advances, at the same time with the cost of the aging population, these two items will have a combined cost that can affect spending of the healthcare system, and the delivery of the healthcare at nationwide. Focusing on the preventatives and the best up to date technology advances that lead to cost effectiveness, should be one of the most important focus of the healthcare system today. Follow the trend of the growth in complementary and alternative medicine. Usually this occurs without a high level of expending. One of the countries using this great and valuable methods, is Australia. The need for emotional support, the help with anxiety, with fear, the information and education, make the patients feel comfortable, with their medical problems and concerns. Focus on medicine that is evidence based is vital, instead of the old fashion process of trial and error given what the patient and doctor decide to try. Using research information with standard studies and protocols for treating illness is the best approach. Having physicians with the most up to date information and treatment is vital in the healthcare business. Having physicians keeping their education, to be able to keep their medical skills and medical knowledge up to date, is also vital. To allow the use of what is called the international private medical insurance (IPMI). Method extremely popular in many countries around the world (Specially in European countries). By doing this, it will allow Trinity Community Hospital to treat patients from another countries for any medical reason. Especially if we can offer them treatments for various medical problems, that would not exist in their countries, or it would be very expensive there too. Also it is extremely essential for people traveling to the USA, and suddenly finding themselves in situations requiring medical attention. Provide care to patients is not just for medical doctors anymore. There are many other types of healthcare practitioners that have college degrees to practice medicine that are not physicians, such as nurse practitioners, physician assistants, etc. Since there is already a shortage of physicians in the healthcare business, by using these other type of practitioners as the ones listed above, this will help tremendously with the elevated cost of medicine, to focus on protocol standardization and latest technology, which will bring huge differences for the changes of healthcare not only for the present time, but for the coming future. Another trend it has to do with having influence of the payer over treatment of medical decisions. Due to the rising cost of healthcare the decisions need to be made by the payer, instead of the healthcare physician based upon ability to pay. Trinity Community Hospital is focusing on financials, regarding patient stay per day and making future decisions, based upon the lack of funding to invest. This already is taking direction towards the global trend of payers making the decisions of care based upon lack of stay or hospital admissions. Strengthening prevention and wellness. Our present health system, needs to put more emphasis on helping people to stay healthy. Our healthcare system requires stronger investment in wellness, as is done in many European countries. A great element for prevention is to put emphasis on vaccines and other serious health issues. This would help to decrease the cost of healthcare and chronic conditions in the future. We need to understand, that early detection and appropriate intervention, will maintain the people in an optimal health possible. When focusing on preventatives this in turn will decrease the amounts of expenditures needed for treatment in the future. When increasing services such as orthopedics, cardiovascular, and oncology this will help tremendously with prevention of diseases that are extremely costly during their treatment. Going to another countries for medical reasons, is very popular for many individuals around the world. As costs get cheaper for medical care in other countries people will travel for the cost savings benefit. Cost pressure forces people to seek healthcare treatment outside of our country, for the purpose of cost reduction that fits their finances. In that case by finding ways of bringing such services locally, this will promote business and looks for ways of cost effectiveness in the Trinity Community Hospital organization. 3. DISCUSS THE EXISTING PROGRAMS AND SERVICE LINES IN THE HEALTHCARE ORGANIZATION, THAT COULD SERVE AS COMPLEMENTARY COMPONENTS OF THE NEW SERVICE LINE. Presently the existing programs and service lines for Trinity Community Hospital are aligned as complimentary components of the new service line and will enhance the success of the new service lines for all three specialty areas. They are outlined below: The offering of another very important services as: Pulmonary medicine, internal medicine, neurology, thoracic surgery, gynecology, general surgery, otolaryngology and urology. Making sure that patient care is of a great quality and that the hospital environment is safe for patients, staff and visitors. The hospital reputation is considered very good. Keep offering excellence in service to patients and the staff. Making sure that hospital functioning is conducted in a competent, productive and successful approach. One of the greatest strength is the very competent, dedicated nursing staff, committed to outstanding patient care. An intensive care unit, with 14 beds. 20 operating rooms and a very good emergency department. Developing a positive learning environment for medical staff and non-medical staff, with attention on modernization and accomplishment. Having all the basic support services as physical therapy, laboratory, respiratory therapy, pharmacy and radiology. In addition to the usual and basic X-ray, the radiology department has one MRI scanner and two CT scanners. Also offers ultrasound services and nuclear medicine. Finally a PET scanner that is used twice a week. When analyzing the board members professions, personalities, and the involvement in the community, are also vital elements to success as complementary components for the new service line (Cancer, Ortho and Cardiovascular programs). The information below is from the WGU case study, exactly from the Trinity Community Hospital board profiles (PDF file): Dr. David Joint is an orthopedic surgeon, native of the community. He is planning to open a branch office near the hospital campus. from the description, it tells us that he is very known in the community, and it has a lot to say. In another words his position and opinion really counts in the community. Mr. Robert Holland holds a CPA degree. Has lived in the community for (5) five years. He is quite interested in national healthcare policy and legislation, especially when is related to healthcare finance. Mrs. Cathy Promo she holds an undergraduate degree in marketing. Lived in the community for about (7) seven years. She is quite involved with the local chamber of commerce and recognizes the importance of good healthcare services in attracting new business and industry to the area. Mrs. Promo strongly believes that an extensive marketing and advertising, could reverse Trinity Community Hospital declining utilization trend. Dr. Randy Sharp is a general surgeon. He has lived in the community for (15) fifteen years. His main interest is in cancer services. His group is planning to recruit a subspecialty-trained oncologic surgeon. Very similar situation as with Dr. David Joint. Dr. Sharps position and opinion really counts in the community too. Mrs. Maria Lopez holds an undergraduate degree in journalism. She has lived in the community for (9) nine years. She also owns an small newspaper that is quite popular within the Latino community. One of hers priorities, is to ensure that adequate healthcare services are available to all minority groups. Below we can also see some more complementary components, by using information from the WGU case study, exactly from the Trinity Community Hospital brochure (PDF file), page 1: Trinitys Commitment. We are committed to serving the community in a capacity that permits every patient to receive the care and support that they require. Quality and Safety. At Trinity Community Hospital we endeavor to provide high quality services while ensuring the safety of patients, visitors, and staff. Service Excellence. We will continue to strive to exceed the service expectations of our patients, visitors, employees, and physicians. Staff Achievement. We will provide opportunities for the enhancement of the skills and expertise of all staff members. Growth and Profitability. Striving to grow service volume, to operate efficiently, and generate sufficient capital for investment. The information below about more complementary components also comes from the WGU case study, exactly from the Trinity Community Hospital brochure (PDF file), pages 2 and 3: WHAT SETS US APART FROM THE REST OF THE MEDICAL COMMUNITY Trinity Community Hospital is a 150-bed, not-for-profit hospital offering: A broad range of medical, surgical, and support services to the community. Patient-friendly, pleasant environment that truly sets us apart. Facilitate a soothing environment, by using large windows, natural woods and tranquil views of an expansive landscape. Nourishing and delectable cuisine prepared and directed by a world renowned Russian dietitian. Providing exceptional care and services, through outstanding employees and medical staff members. Modern, high-tech laboratory, radiology, pharmacy, physical and respiratory departments. Surgery and endoscopy suites, with the newest digital equipment. Robotic surgery. Newly renovated patient rooms, with homelike ambience. Physician locater service, to help finding the right physician for your needs. 4. ANALYZE THE FINANCIAL AND OPERATING DATA TO DETERMINE THE FINANCIAL FEASIBILITY OF INSTITUTING THE NEW SERVICE LINE. The first three tables below, are the current utilization trend and revenue of the current year data, also shows the previous data for a year and two years prior; As we can see in every column (top to bottom) has decreased in every single hospital category. Under table two, the AR (accounts receivable), instead of decreasing, they also increased, making the hospital to wait longer to collect the ending balance. Anytime that the time increases above 50 days, this indicates a serious collection problem, which at the same time causes a significant pressure on the hospital cash flows (each one of the years, starting with the current to two years prior, are over 50 days. The only visible exceptions are Medicare, Medicaid, and Self Pay (See table three). The last table is predicted data with the new service lines being implemented within the organization and increase in utilization and revenue. When looking and paying attention, to the predicted increases based on the new service line in every column (with the exception of ALOS- Average length of stay, which by the way is a positive result, not a negative) there is a significant increase. And the revenue section shows that will help the organization to get out of the negative margin, to a nearly $30000000- million dollars positive margin. When looking at the prediction, we can determine a financial feasibility, if we institute the new service lines. This will bring dramatic increases in volume and improved the financial operations and performance for Trinity Community Hospital. When reviewing the predicted results, we can see that there is a crucial positive effect on the hospital revenue, which it will allow to invest capital in the new service lines, which at the same time will increase the services and supports the community is demanding. At the end, the most important issue, element is that it will make available the most advance approaches for preventing, treating different disease processes and diagnosing, which will impact thousands of people in the community and surroundings. 5. DISCUSS THE TARGET AND MARKETING REFERRAL SERVICES FOR PHYSICIANS. Describing below is a step by step plan, for marketing and referral services designed for the specialty physicians of Trinity Community Hospital. This will bring attention, and receive reputation at the same time from the community, specifically for services offered and rendered, which will increase their business, which creates an increase in revenue. This techniques will help to build name recognition and service awareness. Marketing referrals has many valuable advantages. it will bring patients (customer) at little or even not cost. One single referral could generate a series of leads, because of satisfied customers passing the word-of-mouth to other people they know. Also, this kind of referrals are more trusting people, most likely not skeptical of the hospital, because they are usually confident in the person, friend that refereed them. the result is that this leads are much easier to bring to the hospital business, as potential patients. An extremely important element in the healthcare business, is because is considered a very personal and private service, that from the beginning relies on trust, bonds and many times personal recommendations. Trinity Community Hospital must develop a planed and active approach that is based on many diverse marketing principles, as the ones described below. Put emphasis on the foundation: A well-defined idea of the specialty practice vision and the elements that must be establish, for a profitable and successful practice. Explain and simplify the vision is key to the goal of a profitable and successful specialty practice, as the new service lines at Trinity Community Hospital. To audit the current referral program for Trinity Community Hospital. make an inventory of the current referral system. We need to ask ourselves, how effective are the current means of creating referrals?. What percentage of our patients has been obtained through a referral?. What percent of increase we think we could reasonably achieve?. Do we know the current satisfaction level of our patients?. Such evaluation will allow us to have an inventory of the referral programs weaknesses and strengths. Developing and putting in place the marketing plan: Concentrate on a goal for medical marketing checklist and determine the medical specialty programs that will be offered, which in our case are Oncology, Ortho and Cardiovascular. Create a checklist for the chosen goals. The checklist will concentrate on direct marketing advantage to physicians, physician assistants, nurse practitioners in our community with faith and assurance. When creating this kind of marketing plan, this will make the specialty practices much effective, valuable, productive and profitable. Attract referrals for the business: One of the most important elements in business is to stay in communication with the medical community. Marketing is all about selling the business, and in order to do that, we need to create presentations to other medical professionals in the community, in order to establish professionalism and credibility. Initially, we need to start with researching the needs of directing ourselves to other medical professionals, and finding out what are their expectations. It should be diverse, balance but powerful, with plenty of resources. People from all the aspects of the healthcare industry. Reach out to others by writing letters introducing the business practice and services offered, this information should included progress reports to be able to show the evidence to the medical community of the demand and service. Making progress and connections with the medical community: Develop strategies for the hospital business, which include several types of presentations to the medical community to show the outreach of services that are available to the community. To know the most important people in this business, with whom discuss about our business and whom are the decision makers. When a connection is established, then setting up the patient care program, will be based upon the diagnosis. Then we begin with the word-of-mouth marketing element, which usually gets the business more and more referrals from other medical offices. A very important, I will say crucial element, is to do not forget to thank them for sending the referrals. A thank you letter or a gift certificate will do. When using this method of marketing referral for specialty physicians, this plan will continue to do several things, first it will help patients with serious diagnosis and the treatment of serious medical conditions. Second, it will also help to meet the needs of diverse medical professionals. Third, it will build a long-lasting and trusting relationship. By the end, this strategy will be well worth the effort.
Sunday, August 4, 2019
Humorous Wedding Speech Given by a Friend from Work :: Wedding Toasts Roasts Speeches
Humorous Wedding Speech Given by a Friend from Work Ladies and gentlemen, thank you. And, on behalf of the bridesmaids, Iââ¬â¢d like to thank Anthony for his kind words. I certainly agree that they did a great job today. And as for the rest of his speech, I always knew heââ¬â¢d be hard to follow ââ¬â but I didnââ¬â¢t expect an unintelligible, mumbled noise. Oh well, it only goes to show that just when you think you know someone well, they go and surprise you. But in fact, I havenââ¬â¢t known Anthony for all that long. Anthony and I actually met about six years ago when we were working for the same company. In fact, itââ¬â¢s rather amazing that we have become such good friends, given the relatively few occasions back then that he actually bothered to turn up to work at all. But good friends or not, I do have a theory as to why heââ¬â¢s chosen me to be his best man and not one of his older friends. If you ask me, itââ¬â¢s because he didnââ¬â¢t want a best man whoââ¬â¢d be able to tell you about all the embarrassing mishaps and misdemeanors of his youth. Like the time, aged 15, that he was invited round to have tea with his first girlfriendââ¬â¢s parents and managed to walk dog poo across their new living room carpet. I always thought that pale cream was an impractical colour for carpet. And, after that, afternoon, so did Sarah Baileyââ¬â¢s parents. And unfortunately for Anthony, Sarah herself found him to be a rather impractical boyfriend. And so that was the end of that. And Iââ¬â¢m sure his choice of best man was similarly influenced by a desire to keep under wraps the post-A-level pub crawl that led to him spending a night in the cells after vomiting off a bridge onto the bonnet of a passing police car. Anthony, I hope you now see that it was never going to be that easy ââ¬â which brings me onto your stag night. Now, the men in the room will be aware of what goes on at a stag do and Anthony's was certainly no different. We did all the usual things ââ¬â museums, a cream tea, a classical concert and a trip to the theatre â⬠¦ were not amongst them. But considering there were 12 lads hell-bent on giving him a night heââ¬â¢d never forget - but probably rather would forget if theyââ¬â¢d got their way ââ¬â I think I did a pretty good job of looking after him.
Saturday, August 3, 2019
Gullivers Travels :: essays research papers
Gulliver’s Travels à à à à à In the novel, Gulliver’s Travels, Jonathan Swift addresses many things wrong with the society around him. His portrayal of English society shows how much he saw evil in it. He mainly addressed five issues throughout his book: war, government and politics,economy, society, and mankind as a whole. à à à à à The Lilliputians uncover the idiocracy of war in our society. The Little-Ender and Big-Ender war all started on the debate of which way to break an egg. It didn’t matter that the entire reason of the war was ridiculous--no one knew that reason. They just fought because they knew that they fought long ago, and guessed that it should have been for a good reason. à à à à à Gulliver himself even showed the absurdity of war when he explained the reasons England would fight to Mistress or the Queen of Brobdingnag. His justifications to fight were simply because the enemy was weaker and they wanted more land. This shows Swift’s sympathy for Ireland at that time. à à à à à Swift believed that politics and government were games. The “election'; of “leaping and creeping'; of the Lilliputians was the basis of choosing their government officials. The government was ran with people that could go under or jump over a stick. The entire notion of classes and ranks seemed to be stupid to Swift. à à à à à The island of Brobdingnag portrayed Swift’s idea of a perfect society. Everyone was equal, and everyone got an equal share. There were no taxes and everyone got a say in how to deal with problems that arose. à à à à à When Gulliver explained English society to the queen of Brobdingnag, she no longer regarded the little man with wonder. She proclaimed that the crimes of his society were lying and swindling, and the English were horrible vermin. When Gulliver decided to show the queen a wonder of his society, he seemed to further alienate himself because he showed her the destructiveness of his world. à à à à à Swift probably knew that having knowledge was power. But the impractical seeking of knowledge was of no use to him. At the Academy, professors would stay inside for years at a time, letting nature outside go to waste. They would ponder different ways to perform simple tasks and looked for answers to questions that hadn’t any. They did not take a thing of nature as God intended it, rather they took it apart and analyzed it. à à à à à Swift saw humankind as evil, as portrayed in the life of the Houyhnhms and Yahoos.
Arby Essay -- essays papers
Arby James Joyce's use of religious imagery and religious symbols in "Araby" is compelling. That the story is concerned somehow with religion is obvious, but the particulars are vague, and its message becomes all the more interesting when Joyce begins to mingle romantic attraction with divine love. "Araby" is a story about both wordly love and religious devotion, and its weird mix of symbols and images details the relationship--sometimes peaceful, sometimes tumultuos--between the two. In this essay, I will examine a few key moments in the story and argue that Joyce's narrator is ultimately unable to resolve the differences between them. While the story's concern with religion seems to speak for itself, a few biographical details bout Joyce's own youth and his religious background help inform any reading of "Araby." We know that he was both drawn to and repulsed by the Catholic church in Ireland, and that just before taking orders, he opted to give up a life in the church and chose instead to devote himself to writing fiction. In the end, Joyce saw the church as something confining, something that imposed rules rather than freeing a creative spirit. As a writer radically inclined to break the rules even of fiction, the rules of the church were too severe for him. We also know that Joyce was a very sensual person who wanted nothing to do with celibacy or abstinance; his youthful marauding in the brothels of Dublin suggests that the church's proscriptions of sexual, or even romantic, activity were also too much for him. Some of these issues show up early on in the story "Araby." To begin with, the narrator--the voice of a young Joyce, surely, if not entirely autobiographical--lives in a house whose former t... ...r, the boy has an epiphany--a sudden realization--while in the baazar: "gazing up into the darkness I saw myself as a creature driven and derided by vanity" (44). Ordinarily, epiphanies are religious moments characterized by a sudden "seeing of the light." Here, however, the boy reaches his ephiphany--as does the story--while gazing into the darkness at a baazar. If the baazar is initially opposed to religion, it is here explicitly likened to religion. The ending of the story is almost as ambiguous as its back-and-forth treatment of religion and romance. It is not clear exactly what he has realized, nor is it clear whether there is a clear distinction between what is religious and what is romantic, between what is sacred and divine and what is worldly and base. But perhaps Joyce, in whom these two elements were equally confused, would have wanted it that way.
Friday, August 2, 2019
The Artwork
The artwork I chose for my paper comes from an artist by the name of Angel Rodriguez-Diaz. The title of the artwork is Circulos de Confusion meaning Circles of Confusion, and was painted in 1993. It is 31 7/8 inches high and 84 inches wide. This particular piece of art is painted, oil on paper on linen. Angel Rodriguez-Diaz is an American contemporary artist born in 1955, who lives in the San Antonio area. In Circulos de Confusion, there is a detailed painting of a shirtless man, 30ââ¬â¢s-40ââ¬â¢s in age, wrinkles in the face, surrounded by a multitude of different colored circles.The man has his hands resting on his face. His index and middle fingers on each hand above his eyes, his ring fingers touching across the bridge of his nose and his pinkies resting above his lips just under his nose. He has a watch on his left wrist. His eyes have a blank, captivating stare. The circles in the painting range in color from bright yellows and oranges to deep blues and subtle greens. The eyes of the man give meaning to the title of the artwork.Without his facial expression I would just assume this painting would be titled ââ¬Ëcircles ââ¬â man with a headacheââ¬â¢. His eyes having a blank stare show his confusion without words. The way his hands rest on his face show where the focus should be in the painting. The watch in the painting shows the element of time but because you cannot see the time on the watch it leaves you with the impression that maybe time is still. The circles in the painting provide for thought that the manââ¬â¢s mind is cluttered with thoughts as is the paper cluttered with circles.The brighter yellows and oranges are more centralized in the painting, whereas the darker greens and blues are more around the edges. The circles surround the man in the middle, except for on his chest and arms where the circles are not as close together but are still present. The way this painting was conducted only provides me with one meaning, although to a better trained eye there may be more. The man in the center of this painting is confused.His eyes give that iconic meaning to the expression of confusion. There is no clear indication as to what he is confused about. With his appearance being shirtless, I would say it is either early in the morning or late in the evening and he may be staring into a mirror or reflective surface. It is possible he has a difficult decision to make or is not sure why a certain set of events occurred. The lack of background provides me with the notion that he is alone and isolated from the world in his thoughts.
Thursday, August 1, 2019
Comparing of Financial Statement for Similar Companies
Introduction Freds, Belk, Big Lots and Dollar Tree are all famous variety store in United State. All of them provide various and qualified goods to customers. This analysis report, discussing different financial data based on the 10-K document of the four companies, wants to give readers a meaningful describe to these companies so investors can have clear opinions to help decide. Company Profiles Freds, Inc. Freds) is to meet the general merchandise and pharmacy needs of the small ââ¬â to medium- sized towns it serves by offering a wider variety of quality merchandise and a more attractive price-to-value relationship than either drug stores or smaller variety/dollar stores and a shopper-friendly format which is more convenient than larger sized dis count merchandise stores. The companyââ¬â¢s sales of p harmaceuticals have a percentage of 33. 5% in 2010, 34. 1% in 2011, and 34. 9% in 2012, comparing to the total sales. And its major sales of others include households good and f ood products, etc. showing that the company tries its best to execute its business strategy. Big Lots, Inc. is a Fortune 500 retail corporation. The company is based in Columbus, Ohio, USA and currently operates over 1,400 stores in 47 states. Its department stores focus mainly on selling closeout and overstock merchandise. There are some items in the stores, such as foodstuffs, that are replenished on a continual basis. Whatââ¬â¢s more, Big Lots also operates a wholesale division, which provides merchandise in bulk for resale from a variety of categories.Financial StatementsBig Lots uses an existing building, such as a grocery or department store that had either moved or ceased operations. Dollar Tree, Inc. began its operations in 1953 and was incorporated in Virginia. The company is an American chain of discount variety stores that se lls every item for $1. 00 or less. The company targets low to lower-middle income consumers and sells everyday products from food and personal ca re products to non-essentials. It sells its product in three business segments:1) Consumable merchandise, which accounted for 48. % of its sales in 2011, 2) Variety merchandise, which accounted for 46. 9% of 2011 sales, and 3)seasonal goods, explained 5% of 2011 sales. Belk, Inc. , together with its subsidiaries, is the largest privately owned mainline department store business in the United States, with 303 stores in 16 states, as of the fiscal year ended January 28, 2012. Generated revenues of $3. 7 billion for the fiscal year 2012, and together with its predecessors, have been successfully operating department stores since 1888. Belk Stores Services, Inc. , a subsidiary of Belk, Inc. rovides a wide range of services t o the Belk division offices and stores, such as merchandising, merchandise planning and allocation, advertising and sales promotion, information systems, human resources, public relations, accounting, real estate and store planning, credit, legal, tax, distribution and purchasing. Accounting Policies (see Exhibit 1) All of the four companies are United State location so that part of their accounting policies are the same, but because the area location and business strategy, they have some different accounting policies.The four companies do not amortized goodwill and tested them for impairment annually, using an income approach and a market approach in determining fair value for purposes of goodwill impairment tests. All four of them report income taxes in accordance with FASB ASC 740, the asset and liability method is used for computing future income tax consequences of events . The major differences exist in revenue recognition, merchandise inventories and Stock-based compensation.Based on their requirements, Freds records its sales when the merchandise is shipped from the Companyââ¬â¢s warehouse; Dollar tree records sales revenue at the time a sale is made to its customer ; Big Lotsââ¬â¢ sales Revenue is recognized when the customer ma kes the final payment and takes possession of the merchandise and sales of Belk is recorded at the time of delivery. Freds values inventories at the lower of cost or market using the retail first -in, first-out method for goods in stores and the cost first -in, first-out method for goods in our distribution centers. And the rest of hree companies values inventories at the lower of cost or market using the average cost retail inventory method. Under the average cost retail inventory method, inventory is segregated into departments of merchandise having similar characteristics at its current retail selling value. Profitability, Liquidity/Solvency (see Exhibit 2) If we analyze the current ratio and quick ratio they are relatively small. So paying the short term debts might be a problem for the company as well as the liquidity is getting decreased from year 2010 ââ¬â 2012 as 1. 43 to 1. 23 to 0. 88.So it might be difficult for the company to stay with the current obligations. If we analyze the debt -equity ratio seems to be in high end for the Belk, but it is gradually decreasing 1. 36, 1. 06 to 1. 03. This seems to be a good sign for the company. But still the ratio is high and need quite bit of work to get it down to an acceptable value. Fredsââ¬â¢ ROE keeps a increase from 5. 99% in 2010, to 7. 17% in 2011 then to 7. 89% in 2012 because its profit margin increasing from 1. 32% to 1. 61% and 1. 78%, respectively in 2011 and 2012, in the same time, its assets turnover keeps a steadily level from 3. 20 to 3. 06, just a slightly decrease.Additionally, the gross margin just has a higher change from 27. 92% in 2010, to 28. 66% in 2012 than profit margin. The inventory turnover has a decrease from 4. 33 to 4. 15 respectively in 2010 and 2012, due to the cost of goods sold increasing slower than inventory. Whatââ¬â¢s more, the current ratio and quick ratio keeps falling down, and debt/equity ratio grows up during the 3 years, showing that the debt increases f aster than equity. Big Lotââ¬â¢s ROE continues to grow from 20. 01% in 2010 to 25. 15% in 2012. However, it s profit margin and gross margin have been going downwards since 2010, dropping to 3. 98% and 39. 9% respectively in 2012. Whatââ¬â¢s more, its current ratio and quick ratio have also decreased, the former one has slacked from 2. 069 in 2010 to 1. 721 in 2012, a nd the later one has slummed from 0. 72 to 0. 31, which indicate that the companyââ¬â¢s fund are more tighten up in recent years. Through further study, we found that the D-E ratio is increasing from 1. 208 in 2010 to 1. 704 in 2012, which presented the companyââ¬â¢s new financing strategy from borrowing, other than getting capital from the shareholders. The ROE of Dollar Tree increased rapidly from 22. 43% in 2010 to 27. 23% in 2011 and to 36. 32% in 2012. On examining the three omponents of ROE, the profit margin was 6. 3% in 2010 but in 2012 it increased at 7. 36%. In addition, its assets turnover mainta ins a steady growth. It was 2. 28 in 2010, 2. 47 in 2011 and 2. 85 in 2012. Over the three years, the debt -equity ratio also grows steadily. Besides, the current ratio and quick ratio of Dollar Tree in the past three years obviously declined. That mostly resulted from the increasing debt and surging sales . Return on Equity almost doubled from 2010 to 2011 as 6. 31% to 11. 33% and has a steady growth from 2011 to 2012 as 15. 30%. This implies Net Income increased and it is proportional to good increase in profit margins as from 2% to 3. 63% almost doubled from 2010 to 2011 and 4. 95% in 2012 which is a steady growth. When we compare the Total asset turnover in last 3 years seems to be decreasing, though it is 13. 1 in 2010 decreased significantly form 2011 and 2012 as 1. 14 and 1. 50 respectively. This might be due to competition from other department and specialty stores and other retailers, including luxury goods retailers, mail o rder retailers and offprice and discount stores. Opportunities/Threats Opportunities: from the above, we get the idea that the variety store industry has a good time during the several years.These four companies are keeping increase in profit and they have lower financial distress so that they could borrow more money from banks and investors, which gives them more chances to execute expansion strategy: more available cash from borrowing, better financial statement which can give more confidence to in vestors and higher return to support the future development. Threats: we should notice that most of the four companies have a higher gross margin increasing than profit margin, and a continuous lower inventory turnover.They show that these companiesââ¬â¢ structures include threaten in the future. Whatââ¬â¢s more, the high debt means that the banks and investors tighten polices and requirements to the companies so their business and expansion will be influenced by investors. Meanwhile, the raising interest rat e of debt gives hig her financial distress to the companies. Overall Assessment Retail industry is a highly competitive and dynamic business to work with. So it needs to be change whenever it needs to be. Here we can see that when one company doing well other companies are struggling to stay in the race.If we analyze the overall challenges retail business facing is like high Employee turnovers, also Auditing issues as they regularly engaged in competition with one another, and this competition can creat e price wars, forcing a need to keep tight control over inventory, as the nation prospers and people have more money to spend, the retail industry generally flourishes. As for the companies we can see that Fredââ¬â¢s, Dollar tree and Belk is seems to be doing well in this difficult situations, but the Big Lotus is losing some ground as profit margins getting lower as well as their funds getting tightens up.However when we see the COGS each company has a problem as COGS selling slower than the invento ry, this might be hurting all four companies as if their items old they have to write off them and which might eventually losing money. Exhibit 1: Significant Accounting Policies Freds Revenue recognition Merchandise inventories Goodwill Stock-based compensation Income taxes Dollar tree Big Lots Belk Sales are recorded when the merchandise is shipped from the Companyââ¬â¢s warehouse sales revenue at the time a sale is made to its customer Revenue is recognized when the customer makes the final payment and takes possession of the merchandise.Sales from retail operations are recorded at the time of delivery. Valued at the lower of cost or market using the retail first-in, first-out method for goods in our stores and the cost first-in, firstout method for goods in our distribution centers. Stated at the lower of cost or market, determined on a weighted-average cost basis. Under the retail inventory method, the valuation of inventories at cost and the resulting gross margins are comp uted by applying a calculated cost-to-retail ratio to the retail value of inventories. Valued at the lower of cost or market using the average cost retail inventory method. Under the average ost retail inventory method, inventory is segregated into departments of merchandise having similar characteristics at its current retail selling value. Valued using the lower of cost or market value, determined by the retail inventory method. Under the retail inventory method (ââ¬Å"RIMâ⬠), the valuation of inventories at cost and the resulting gross margins Goodwill is not amortized and tested for impairmen t annually. Use an income approach and a market approach in determining fair value for purposes of goodwill impairment tests. Goodwill is not amortized and tested for impairment annually. Use an income approach and a market pproach in determining fair value for purposes of goodwill impairment tests. Goodwill is not amortized and tested for impairment annually. Use an income approach a nd a market approach in determining fair value for purposes of goodwill impairment tests. Goodwill is not amortized and tested for impairment annually. Use an income approach and a market approach in determining fair value for purposes of goodwill impairment tests. Uses the fair value recognition provisions of FASB ASC 718, account for stock based compensation by using the grant date fair value of share awards and the estimated number of shares that will ultimately be ssued in conjunction with each award. Recognizes all share-based payments to employees, including grants of employee stock options, in the financial statements based on their fair values. Value and expense stock options with graded vesting as a single award with an average estimated life over the entire term of the award. Uses the fair value recognition provisions of FASB ASC 718, account for stock based compensation by using the grant date fair value of share awards and the estimated number of shares that will ultimat ely be issued in conjunction with each award. reports income taxes in accordance with FASB ASC 740,the asset and liability ethod is used for computing future income tax consequences of events reports income taxes in accordance with FASB ASC 740,the asset and liability method is used for computing future income tax consequences of events reports income taxes in accordance with FASB ASC 740,the asset and liability method is used for computing future income tax consequences of events reports income taxes in accordance with FASB ASC 740,the asset and liability method is used for computing future income tax consequences of events Exhibit 2: Industry Ratio Summary 2012 Freds, Inc. 2011 Profitability Return on equity 7. 89% 7. 17% 5. 99% 25. 15% 23. 50% 20. 01% 6. 32% 27. 23% 22. 43% 15. 30% 11. 33% 6. 31% Profit margin 1. 78% 1. 61% 1. 32% 3. 98% 4. 49% 4. 23% 7. 36% 6. 75% 6. 13% 4. 95% 3. 63% 2. 00% Gross margin 28. 66% 28. 61% 27. 92% 39. 79% 40. 63% 40. 61% 35. 87% 35. 49% 35. 49% 0. 33% 0. 33% 0. 32% Total asset turnover 3. 06 3. 16 3. 20 3. 169 3. 057 2. 831 2. 85 2. 47 2. 28 1. 5 1. 41 13. 1 A/R turnover 62. 61 64. 58 61. 93 42. 45 41. 39 40. 11 76. 42 78. 53 72. 33 104. 9 131. 3 118. 7 Inventory turnover 4. 15 4. 33 4. 33 3. 8 3. 86 4. 02 4. 2 4. 2 4. 1 2. 9 2. 97 2. 83 Short term liquidity Current ratio 2. 47 2. 91 2. 81 1. 721 1. 941 2. 069 2. 08 2. 5 2. 74 2. 51 3. 34 3. 32 0. 33 . 52 0. 57 0. 31 0. 53 0. 72 0. 59 1 1. 31 0. 88 1. 23 1. 43 0. 49 0. 40 0. 43 1. 704 1. 283 1. 208 0. 73 0. 63 0. 6 1. 03 1. 06 1. 36 Quick ratio Long term solvency Debt/Equity ratio 2010 2012 Big Lots 2011 2010 2012 Dollar Tree 2011 2010 Belk. inc 2012 2011 2010 Profit Margin Return on Equity 40. 00% 35. 00% 30. 00% 25. 00% Freds, inc 20. 00% Big Lots 15. 00% Dollar Tree 10. 00% Belk. inc 5. 00% 0. 00% 2012 2011 8. 00% 7. 00% 6. 00% 5. 00% 4. 00% 3. 00% 2. 00% 1. 00% 0. 00% Freds, inc Big Lots Dollar Tree Belk. inc 2012 2010 2011 2010 Debt-to-Equity Ratio Inventory turnover 2. 00 5. 00 4. 00 Freds, inc 3. 00 Big Lots 1. 50 Freds, incBig Lots 1. 00 Dollar Tree Dollar Tree 2. 00 Belk. inc 1. 00 Belk. inc 0. 50 0. 00 0. 00 2012 2011 2010 2012 2011 2010 Exhibit 3: Income statement Fred,inc Statement of Income January 28, 2012 Net sales Cost of goods sold 1879059 1340519 100% 71. 34% Gross profit 538540 Depreciation and amortization 100% 71. 39% 1788136 1288899 100% 72. 08% 28. 66% 527018 28. 61% 499237 27. 92% 34190 1. 82% 29236 1. 59% 26387 1. 48% Selling, general and administrative expenses 453195 24. 12% 451064 24. 49% 434356 24. 29% Operating income Interest income Interest expense 51155 -156 553 2. 72% -0. 01% 0. 03% 46718 -234 424 2. 54% -0. 01% 0. 02% 38494 -189 82 2. 15% -0. 01% 0. 03% Income before income taxes 50758 2. 70% 46528 2. 53% 38201 2. 14% Provision for income taxes 17330 0. 92% 16941 0. 92% 14586 0. 82% 33428 1. 78% 29587 1. 61% 23615 1. 32% $ $ January 30, 2010 1841755 1314737 Net income $ January 29, 2011 $ $ $ Big Lots, Statement of Inc ome January 27, 2012 Net sales Cost of goods sold Gross profit Selling, general and administrative expenses Other Operating Expense Operating income $ January 28, 2011 5,202,269. 00 3,131,862. 00 2,070,407. 00 100. 00% 60. 20% 39. 80% 1,634,532. 00 January 29, 2012 4,952,244. 00 2,939,793. 00 2,012,451. 00 100. 00% 59. 36% 40. 64% 31. 42% 1,567,500. 0 90,280. 00 1. 74% 345,595. 00 6. 64% $ 4,726,772. 00 2,807,466. 00 1,919,306. 00 100. 00% 59. 39% 40. 61% 31. 65% 1,532,356. 00 32. 42% 78,606. 00 1. 59% 74,904. 00 1. 58% 357,345. 00 7. 22% 325,010. 00 6. 88% $ Earnings Before Interest And Taxes Interest Expense 345,422. 00 6. 64% 357,957. 00 7. 23% 325,185. 00 6. 88% 3,530. 00 0. 07% 2,573. 00 0. 05% 1,840. 00 0. 04% Income Before Tax 341,892. 00 6. 57% 355,384. 00 7. 18% 323,345. 00 6. 84% Income Tax Expense 134,657. 00 2. 59% 132,837. 00 2. 68% 121,975. 00 2. 58% Net income 207,064. 00 3. 98% 222,524. 00 4. 49% 200,369. 00 4. 24% Dollar Tree, Statement of Income January 28,2012Reve nues $ January 29,2011 Selling and admistrtive expense 64. 13% 35. 87% 3,794. 8 2,087. 60 1,596. 2 Gross margin 100% 4252. 2 2378. 3 cost of sales 6630. 5 $ 5882. 40 24. 07% 1,457. 60 100% January 30,2010 $ 5,231. 20 100% 64. 51% 35. 49% 3,374. 40 1,856. 80 64. 51% 35. 49% 24. 78% 1,344. 00 25. 69% Restructing charges Goodwill impairment ââ¬â ââ¬â ââ¬â intangible and other asset impairment ââ¬â ââ¬â ââ¬â operating expense $ 1,596. 2 24. 07% operating income interest expense interest income other income 782. 1 2. 9 ââ¬â0. 3 11. 80% 0. 04% Income before income taxes Net income $ 1,457. 60 24. 78% 10. 71% 0. 10% 0. 00% 630 5. 6 ââ¬â5. 5 779. 5 ncome taxes $ 11. 76% 291. 2 488. 3 4. 39% 7. 36% 1344 25. 69% 9. 80% 0. 10% -0. 10% 512. 8 5. 2 ââ¬â 629. 9 $ $ 10. 71% 507. 6 9. 70% 232. 6 397. 3 3. 95% 6. 75% 187. 1 320. 5 3. 58% 6. 13% $ Belk, Statement of Income 2012 2011 Revenues 3,699,592 100% Cost of goods sold (Including occupancy, distribution and b uying $ expenses) 2,461,515 66% 938008 2012 3513275 100% 2353536 66% 25% 914078 3143 0. 08% 2302 ââ¬â- Operating income Interest expense Interest income Loss on extinguishment of debt Gain on investments Income before income taxes Income tax expense Net income Gain on sale of property and equipment Asset impairment and exit costsPension curtailment charge $ 100% 2271925 68% 26% 886263 26% 6416 0. 18% 2011 0. 06% 0. 06% 0. 00% 6096 ââ¬âââ¬â 0. 17% 0. 00% 39915 2719 1. 19% 0. 08% 300190 Selling, general and administrative expenses 3346252 8. 11% 245981 7. 00% 147441 4. 41% -50218 328 -922 ââ¬âââ¬â250098 66950 183148 -1. 35% 0. 01% 0. 02% 0. 00% 0. 0676 1. 80% 0. 0495 -50679 569 ââ¬âââ¬âââ¬â195871 68243 127628 -1. 44% 0. 02% 0. 00% 0. 00% 0. 0557 1. 94% 0. 0363 -51321 1027 ââ¬â43 97190 30054 67136 -1. 53% 0. 03% 0. 00% 0. 00% 0. 029 0. 89% 2 $ $ $ $ Exhibit 4: Balance Sheet Freds,inc Balance Sheets January 28, 2012 January 29, 2011 January 30, 2010 J anuary 31, 2009 ASSETSCurrent assets: Cash and cash equivalents 27130 4. 29% 49182 8. 26% 54742 9. 58% Account Receivables Inventories 31883 331882 5. 04% 52. 51% 28146 313384 4. 73% 52. 62% 28893 294024 Other non-trade receivables 32090 5. 08% 26378 4. 43% Prepaid expenses and other current assets Total current assets 12321 435306 1. 95% 68. 88% 12723 429813 Property and equipment 161112 25. 49% 139931 Equipment under capital leases 97 0. 02% ââ¬â Intangible assets, net 32191 5. 09% 22193 3. 73% 16035 2. 81% 9042 1. 66% Other noncurrent assets, net Total assets $ 3276 631982 0. 52% 100% $ 3591 595528 0. 60% 100% $ 4040 571441 0. 71% 100% $ 4442 544775 0. 82% 00% LIABILITIES AND SHAREHOLDERSââ¬â¢ EQUITY Current liabilities: Accounts payable $ 106886 16. 91% $ 81002 13. 60% $ 87393 15. 29% $ 69955 12. 84% 658 0. 10% 201 0. 03% 718 0. 13% 243 0. 04% Current portion of indebtedness $ $ $ $ 35128 6. 45% 5. 06% 51. 45% 28857 301537 5. 30% 55. 35% 25193 4. 41% 15782 2. 90% 2. 14% 7 2. 17% 10945 413797 1. 92% 72. 41% 11912 393216 2. 19% 72. 18% 23. 50% 137569 24. 07% 138036 25. 34% ââ¬â 39 Accrued expenses and other 44876 7. 10% 45371 7. 62% 39621 6. 93% 46659 8. 56% Deferred income taxes 23878 3. 78% 21142 3. 55% 19373 3. 39% 13061 2. 40% Total current liabilities 176298 27. 90% 147716 24. 80% 147105 5. 74% 137667 25. 27% Long-term portion of indebtedness 6640 1. 05% 3969 0. 67% 4179 0. 73% 4866 0. 89% Deferred income taxes 5633 0. 89% 2069 0. 35% 2009 0. 35% 1328 0. 24% Other noncurrent liabilities Total liabilities 19799 208370 3. 13% 32. 97% 17886 171640 3. 00% 28. 82% 17209 170502 3. 01% 29. 84% 13833 157694 2. 54% 28. 95% Common stock, Class A voting, no par value 105384 16. 68% 131367 22. 06% 131685 23. 04% 136877 25. 13% Common stock, Class B nonvoting, no par value Retained earnings 317364 50. 22% 291649 48. 97% 268350 46. 96% 249141 45. 73% Accumulated other comprehensive income 864 0. 14% 872 0. 15% 904 0. 16% 1063
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