Monday, August 24, 2020
Pokemon: a fanciful species made for kid diversion. However, it is advantageous in manners more significant than amusement. Debris Ketchum, the principle character, grows up as an individual and as a companion. Regardless of whether he is preparing to vanquish an exercise center pioneer, or doing combating to support the details of his Pokemon, Ash is continually attempting to improve. Squirtle to Wartortle to Blastoise and Charmander, Charmeleon, Charizard. The development of the Pokemon obliges the development of Ash. In the event that Ash doesnÃ¢â¬â¢t center around developing himself, his Pokemon donÃ¢â¬â¢t improve, bringing about disappointment. Playing Pokemon on my Gameboy Color is in excess of a diversion. It gave more than amusement. It gave me the stuff to prevail in reality. A fantasy doesnÃ¢â¬â¢t simply work out, it is earned. Playing Pokemon gives a chance to experience childhood very quickly. It is more than strolling around and slaughtering animals. We will compose a custom article test on Gotta Catch Ã¢â¬Ëem All or on the other hand any comparable theme explicitly for you Don't WasteYour Time Recruit WRITER Just 13.90/page It requires making procedures to beat any of the eight exercise center pioneers, catching and preparing Pokemon, and investigating all alone. Growing up requires settling on choices and living with the results. Creating from a youngster to a kid to a man is equivalent to the advancement of a Pokemon. A Pokemon must be prepared by somebody increasingly experienced then it. After itÃ¢â¬â¢s prepared, the time has come to scrutinize it. What's more, after a specific point, it turns into its own Pokemon and no longer need a coach. This is much the same as the advancement of an understudy. In the wake of gaining from guardians, an understudy goes to primary school and afterward secondary school, where they are instructed everything. After secondary school, it is the ideal opportunity for school. At school, nobody will ensure understudies go to class. Nobody will come to them in the event that they are feeling the loss of a task. School is an ideal opportunity to apply what was found out in adolescence and use it to be effective in reality. AshÃ¢â¬â¢s would like to Ã¢â¬Å"catch Ã¢â¬Ëem allÃ¢â¬ is his meaning of achievement. My definition isn't to catch each kind of animal on the planet. It isn't to be well known, nor is it to be the most extravagant man on the planet. My meaning of achievement is to be my own man, to give my insight to other people and to live as a liberated person. Accomplishment for me is Ã¢â¬Å"catching Ã¢â¬Ëem all,Ã¢â¬ in my own specific manner. To me, Ã¢â¬Å"catching Ã¢â¬Ëem allÃ¢â¬ implies ESPN. A columnist. A grapple. A creator. The entirety of the abovementioned. Being on ESPN is my youth dream. Ã¢â¬Å"Catching Ã¢â¬Ëem allÃ¢â¬ implies having a fantasy, pursuing a fantasy, satisfying a fantasy.
Saturday, August 22, 2020
Question: Talk about the Consumer Behavior and Marketing Psychology. Answer: Presentation PCs become a fundamental segment of individual correspondence around the globe. Be that as it may, little has been learned about client choices during the purchasing procedure. With numerous PC accessible, every maker is searching for methods of getting the enthusiasm of purchasers so as to make a benefit. It is significant for PC makers and merchants to comprehend the perspectives of customers who have bought their items so as to configuration better tricks to serve their future demographic better. There is expanding proof demonstrating that the understanding the clients makes it simpler to structure items better. This review is planned for understanding perspectives of youthful female and male purchasers in Australia towards HP Company and its items. The present review was led utilizing monkey study device to gather information from HP Company customers. Overview Monkey instrument can make and manage studies and even play out the examination of the information gathered. The specialist made the poll on the Monkey overview instrument before the initiation of the assortment work out. The investigation received the free form to cut n costs (https://www.surveymonkey.com/r/WPJ78N9). The online review was conveyed to 15 people customers to examine their perspectives towards HP organization items. Approval for completing the examination was gotten from University. After assent from the college, messages were sent to the target gathering to welcome and urge them to participate and to expand the filling of the polls will be finished. The email sent likewise contained points of interest about the overview and a solicitation for a consented to educated arrangement. Induction to connection to the overview was given subsequent to accepting an email demonstrating that members had concurred. After access, the member simply pointed and ticked spaces to give their reactions. Plausibility of Recommending HP items The investigation respondents were inquired as to whether they were probably going to prescribe HP items to their associates, companions or family. The outcomes demonstrated a Net Promoter Score (NPS) of 27. Seven respondents, speaking to 47% demonstrates that almost certainly, they could prescribe HP items to their loved ones as appeared in Table 1 below.33% showed that they were uncertain about whether they would prescribe HP items to anybody or not while 20% showed that they would not prescribe HP items to loved ones. Table 1: Possibilities of Recommending HP Products to Friends and Families. Spoilers (0-6) Passives (7-8) Advertisers (9-10) Net Promoter Score 20% 3 33% 5 47% 7 27 Generally Customer Satisfaction or Dissatisfaction with HP Company Seven respondents, speaking to 46% of the members, announced that they were profoundly happy with HP Company while 33% demonstrated that they were to some degree fulfilled. 20% said that they were neither fulfilled nor disappointed as demonstrated in Figure 1 underneath. The degrees of fulfillment or disappointment showed in Figure can be clarified by the reactions given by the members while depicting HP items. 46.6% showed dependability as the principle motivation behind why they discover HP items exceptionally engaging while 40% demonstrated high caliber as the primary rousing element behind their buying choices. Value, uniqueness and great incentive for cash consolidated pulled in 60% of the respondents; with every factor representing 20%. Just 6.7% of the respondents portrayed HP items as overrated; the reactions are summed up in Table 2. Words Used to Describe HP Products Answer Choices Rate Responses Number of Respondents Solid 46.67% 7 High caliber 40.00% 6 Helpful 20.00% 3 One of a kind 20.00% 3 Great incentive for cash 20.00% 3 Overrated 6.67% 1 Unreasonable 0.00% 0 Ineffectual 0.00% 0 Low quality 0.00% 0 Temperamental 0.00% 0 Complete Respondents:15 Clients Needs versus HP Products To decide if the items addressed the issues of the clients, clients were approached to depict whether HP items addressed their issues or not. 46.6% demonstrated incredibly well,' 33.3% quite well and 20.0% showed fairly well. These reactions can be connected to the client's perspectives on the nature of the HP items. Somewhat the greater part, 53.3%, showed that HP items are of high caliber while 26.6% felt that the PC they purchased was of high caliber. 13.3% of the respondents demonstrated neither high nor low while just 6.7% named HP items starting at low quality. The rundown of their reactions is shown in Table 3. Seen Quality of HP Products by Customers Answer Choices Rates Response Number of Respondents High quality 53.33% 8 High caliber 26.67% 4 Neither high nor low quality 13.33% 2 Low quality 6.67% 1 Low quality 0.00% 0 All out 15 Estimation of Money for HP Products Getting the estimation of the cash spent on an item is a significant factor to guarantee rehash buys and high consumer loyalty. In the control of publicizing van Biljon Renaud (2008, pp. 230) opine that suppositions are more grounded than authenticity thinking about that clients settle on their choices dependent on the impression of deferent upgrades. Deals battles are tied down on the promoting blend component of cost since coordinating the cost of an item or the assets utilized by the client to secure the product to the worth is basic. Customers may see the cost of an item either contrarily or emphatically, which will thusly impact the dynamic procedure. The maker can benefit all the more changing all the harming discernments clients have with respect to the cost of a ware. For instance, it can help warm the hearts of the clients will try not to make probes essentially in light of the fact that they see the cost to exceptionally high (Jain Honda 2007, pp. 17). Via doing advertising s, the HP Company will modify these feelings among shoppers trying to make get some answers concerning the real costs. What's more, the HP Company will start strengthening advantages to the clients including free credit for each new or rehash buy. Subsequently, other than motivating them to make acquisitions, future deals advertisings can assist purchasers with understanding reality about products and administrations. HP Brand Loyalty Brand dependability shapes some portion of the essential foreseen yields by advertisers and organizations. At the point when customers show strong practices or have positive perspectives about a brand, for the most part yield expanded verbal exchange about the item and resulting increment in deals (Theoharakis Hooley 2008, pp. 69). These two are noted to contrast sorts of devotion in which social unwaveringness explains on the repetitive purchasing conduct of buyers and attitudinal faithfulness, which elucidates the valuable conduct of customers towards an item. During the study, the clients were asked whether they were probably going to purchase HP items once more. 46.7% showed that they were incredibly liable to purchase HP items later on while 40.0% demonstrated almost certain. Just 13.3% demonstrated to some degree likely as appeared in Table 4. HP advertisers should work more diligently to persuade the 13.3% that their items stay unmatched as far as quality. Moreover high client responsiveness can assist with guaranteeing that clients get benefits expeditiously. Probability of buying HP items once more Answer Choices Reactions Incredibly likely 46.67% 7 Likely 40.00% 6 Fairly likely 13.33% 2 Not all that imaginable 0.00% 0 Not under any condition likely 0.00% 0 All out 15 End Comprehension of clients sees about an item or administration is critical to guaranteeing that recurrent deals or suggestions are made to other potential clients. As demonstrated before, clients who are either amazingly or exceptionally fulfilled effectively make are faithful to HP mark and effectively prescribe HP organization items to loved ones. References Theoharakis, V. what's more, Hooley, G., 2008. Client direction and ingenuity: Differing jobs in New and Old Europe. Global Journal of Research in Marketing, 25(1), pp.69-79. Jain A Honda BS, 2007, Factors affecting versatile administrations reception in provincial India.Asia-Pacific Journal of Rural Development,17(1), 17-28. van Biljon J Renaud K, 2008, A subjective investigation of the appropriateness of innovation acknowledgment models to senior cell phone clients. InAdvances in calculated modelingChallenges and opportunities(pp. 228-237). Springer Berlin Heidelberg.
Monday, July 20, 2020
How TV And Internet Interfere With Children And Adolescents Behavior Article How TV And Internet Interfere With Children And Adolescents Behavior â" Article Example > 7 August 2006How T. V. and the Internet Influence the Behaviors of Teens and AdolescentsFor many years now there have been many quantifiable studies carried out on the behavior characteristics of teens and preteens who are subjected to large amounts of exposure to the Internet and Television. These studies have shown that those who spend more than 3 hours a day watching television and engaging in activities on the computer are more apt to fall in-behind on their school studies and be more prone to attitude and behavior problems than other kids in their age bracket are (Shifrin 2006, pg. 448). Some of the main concerns that sociologists and psychologists have with children who have overexposure to these media sources is in what they are actually exposed too. On the Internet there are images that can be considered pornographic which present themselves all the time. Even many of the sites that are considered to be comic and totally for recreational purposes have started becoming more explicit. If parents are not readily around to monitor what their children are being confronted with through media entertainment then a more psychological problem begins to occur, especially if the material is not suitable for young viewers (Newman 2006, pg. 10). A huge reason for concern is in how the images impact these young viewers. This is explicitly true when there is an issue of violence that is of a very real nature, such as the Oklahoma City Bombings from years ago or more recently September 11. Although these current issues are a few years old now, many children can still suffer emotional strain if they are overexposed to the events still ongoing, such as terrorism. Children are to young to have to be worried about issues of threats such as terrorism regardless of how very real they are or not. This is a parentâs world and they should be controlling how much reality T. V. that children are actually viewing whether it is the news, documentaries, or basic cartoon shows. Too much violence is not good for children to be exposed too period (Duggal et al 2002, pg. 494). Children do have a toleration level, just as adults do and they can not comprehend violence in reality the way that adults can. Psychiatrists, Psychologists, Pediatricians, Sociologists, and other adults who work with children can attest to the facts of what too much violence on television, the internet, and on the news can do to the minds of preteens and other young adolescent kids. They can develop PTSD with the same probability as an adult can when they are exposed to images and programs that they simply have a hard time relating too (Cavendish 1997, pg. 6). Exposure to world events such as the War in Iraq and the terrorist activities ongoing in other parts of the world are just a few of the very real issues that children can become threatened by and have emotional problems dealing with. This isnât to say that keeping children abreast of what is happening in the world is bad but what it is saying is that a parent needs to know when to limit allowing a child to sit and watch violent news programs to them that show death and carnage for an extensive period of time, such as the immediate coverage of the war, etc. Seeing to much violence can also promote very aggressive tendencies within some children who are already having behavioral problems, or so sociologists claim.
Thursday, May 21, 2020
In many developing nations across the world, women work in areas known as export processing zones, also known as EPZs. Some of these zones are located in parts of Central America, where women work in factories known as maquiladoras. In Naomi KleinÃ¢â¬â¢s book No Logo, she discusses the inhumane issues and mistreatment that goes on in such zones: . . . Employees are kept on twenty-eight-day contracts - the length of the average menstrual cycle - making it easy, as soon as a pregnancy comes to light, for the worker to be dismissedÃ¢â¬ (Klein 222-223). These zones attract companies like Nike, General Electric, and General Motors mainly because of their cheap skilled labor, minimum regulations and tax free incentives. EPZs usually are restricted areas that provide companies with their manufacturing needs for export. This is only one example that leads to our problem with consumerism. In The Story of Stuff by Annie Leonard, she sheds light on the exploitation and mistreatment of our natural resources, like the deforestation of the rainforests due to the demand for lumber. Many Americans today have not come to realize the hidden costs such as: unseen problems like cheap labor that exploits poor individuals, and the harm it causes to third world societies by creating health hazards and violations of human rights as a result with our consumption. Benjamin Barber, from his book Consumed, as well as Liz Stinson, from her web article 12 Hidden Tricks Advertisers Use to Sell You Stuff, bothShow MoreRelatedThe Story Of Stuff By Annie Leonard1315 Words Ã |Ã 6 Pageselectronics to wardrobes, Americans tune in to the next big thing and feel out of the loop if they do not have it. But quick, cheap updates have a price. Annie LeonardÃ¢â¬â¢s colloquial, upbeat presentation of Ã¢â¬Å"The Story of StuffÃ¢â¬ examines sustainability issues and how current social and political attitudes contribute to the destruction of Earth. Leonard presents her argument based on interge nerational and intragenerational environmental justice. However, though her argument is persuasive, she provides aRead MorePersonal Essay- Consumerism1014 Words Ã |Ã 5 Pagesand living quality keep increasing, most of us no longer need to worry about not having enough to eat and wear, so we start to consume in growing numbers. Therefore, a lot of us became so-called consumerists. After reading the book written by Annie Leonard, I got a clearer idea on the consumerist worldview, and I thought about how am I fitting in this consumer society as well. First of all, we need to distinguish well the terms Ã¢â¬Å"consumptionÃ¢â¬ and Ã¢â¬Å"consumerismÃ¢â¬ , because these are two completelyRead MoreIs The Eternal Life Or Plastic?1024 Words Ã |Ã 5 Pagescomes from a bottle!Ã¢â¬ (qt. in The Story of Bottled Water). Are people even aware why this is happening? As much as everyone in the world needs water every day, do they realize where exactly does the water that big corporations are getting it from? Annie Leonard, Rick Anderson, and Adam Smith all want to show the public what these companies are doing to the environment. They donÃ¢â¬â¢t know whatÃ¢â¬â¢s happening outside of their own town. Now, from the looks of the amount of people purchasing plastic bottled waterRead MoreHow Planned And Perceived Obsolescence Invade Our Lives1255 Words Ã |Ã 6 Pagesother wordÃ¢â¬â¢s, the engineers designing products do so with the intent of the product to stop working within a set amount of time. Perceived obsolescence is just as sneaky, but completely psychological, it Ã¢â¬Å"convinces us to throw away stuff that is still perfectly usefulÃ¢â¬ (Leonard 11). I believe that these practices are unacceptable and not sustainable indefinitely. They create a massive environmental impact secondary to increased waste (1), put financial strain on consumers (2), and impact the happinessRead MoreFact or Myth: Toxic Cosmetics Essay1597 Words Ã |Ã 7 PagesThe cosmetic industry in the United States has been under scrutiny concerning whether the chemicals used in cosmetics are safe or toxic. According to Annie Leonard from The Story of Cosmetics, Ã¢â¬Å"The average woman in the U.S. uses about 12 products daily, the average man about six, each product containing a dozen or more chemicals,Ã¢â¬ but what are these enigmatic chemicals? When a person examines the ingredients list of their shampoo or lotion, one would observe a list of lengthy chemical names; namesRead MoreThe Story of Stuff Review Essay1033 Words Ã |Ã 5 PagesÃ¢â¬Å"The Story of StuffÃ¢â¬ is a short video created by The Story of Stuff project in 2007. In the video, writers Annie Leonard and Jonah Sachs describe the process of turning natural resources into consumer goods, then into waste. The writers describe a seemingly linear five-step process: extraction, production, distribution, consumption, and disposal. Leonard and Sachs describe a carefully-scripted culture of unsustainable consumption and waste. The extraction phase of Ã¢â¬Å"The Story of StuffÃ¢â¬ refers to theRead MoreElectronic Waste1718 Words Ã |Ã 7 Pagesand VCR and DVD players, among other products. As the demand for newer, more effective and efficient technology increases, the life span of electronic products is becoming shorter and shorter; thus, our consumer society today, which Annie LeonardÃ¢â¬â¢s The Story of Stuff describes as a society with a throwaway mindset, discards significant amounts of e-waste worldwide as older and out-of-date electronic items become obsolete. Sound management is imperative to face the challenges that come about as aRead MoreArticle: Personality Psychology1004 Words Ã |Ã 4 Pageshave fun without expressing any interest in the damage that they inflict on the environment. It is very probable that the fact that they do not actually live there makes it difficult for them to think of nature as of a place that they can call home. Annie Leonards account regarding water makes it pos sible for individuals to see things from the point of view of an individual who actually observes natures suffering. Deforesting has a significant influence on waters adjacent to forests being cut andRead MoreRenewable Energy Is Important For Our Environment1610 Words Ã |Ã 7 Pagesact because this organization is moving away from relying on fossil fuels. The transition from fossil fuels and coal to renewable energy sources meets the criteria that Annie Leonard outlines for transformational change (Ã¢â¬Å"G.O.A.L) in her video Ã¢â¬Å"The Story of SolutionsÃ¢â¬ (The Story of Solutions Video). In the video Annie Leonard discusses how Ã¢â¬Å"GÃ¢â¬ stands for giving people more power and taking power back from corporations and transitioning to renewable energy sources meets the Ã¢â¬Å"GÃ¢â¬ in goal because individualsRead MoreSocial Equality And Political Freedom1563 Words Ã |Ã 7 Pagesrates in production and consumption. A last, important component of the theory is that environmental protection and corporate profits are dialectic goals. The Ã¢â¬Å"Treadmill of ProductionÃ¢â¬ is continuously illustrated in The Story of Stuff. One specific example, discussed by Leonard, which strongly relates to this theory is ChevronÃ¢â¬â¢s involvement in Ecuador. Indeed, from 1964 to 1992, Chevron extracted large quantities of oil from a very dense and bio-diverse section of the Amazonian forest. In doing this
Wednesday, May 6, 2020
Happiness in terms of logic is considered to be a vague expression, meaning it has a wide range of interpretations, as well as having no clear meaning. John Stuart Mill, an English philosopher, based his controversial sentiments of happiness on Jeremy BenthamÃ¢â¬â¢s utilitarianism, believing that goods are the means to greatest happiness for the greatest number of peoples. Epicurus, an Ancient Greek philosopher, who similarly encouraged people to follow his pleasure based philosophy to obtain happiness. Unlike Mill, EpicurusÃ¢â¬â¢ philosophy is based on individualistic hedonism, which often may seem more practical and acceptable. Although, MillÃ¢â¬â¢s utilitarianism is indeed a form of social hedonism rather than individual pleasure-seeking, theÃ¢â¬ ¦show more contentÃ¢â¬ ¦However, unlike Jeremy Bentham, the father of utilitarianism, Mill was able to clarify misinterpretations and controversies by additionally incorporating his own social, political and moral theories that se emed fit with the philosophy. Epicureanism belongs in the same hedonistic category as MillÃ¢â¬â¢s utilitarianism, but unlike utilitarianism, Epicurean principles are not commonly used in American government and politics. From afar, Epicureanism may seem the most practical and relatable because one may look and assume that it is simply about indulging in pleasures as long as it makes you happy. However, that is a naive interpretation, as Epicureanism promotes pleasure, but only the natural and necessary ones. Along with only following the natural and necessary pleasures, it also highlights the importance of suppressing desires that cause one to long for pleasures that arenÃ¢â¬â¢t necessary. In EpicurusÃ¢â¬â¢ Ã¢â¬Å"Principal Doctrines,Ã¢â¬ he writes, Ã¢â¬Å"on a basis of power sufficient to afford supports and of material prosperity arises in most genuine form the security of a private life withdrawn from the multitudeÃ¢â¬ (2), meaning that wealth should not be a good that contributes to happiness. This may be relatable and useful for certain individuals who devalue material goods, however, this would not be plausible for the American
A Financial Analysis of Lockheed Martin Corporation Colby Scott LeTourneau University A Financial Analysis of Lockheed Martin corporation The world of finance in todayÃ¢â¬â¢s market is one of numerous ups and downs. With the global economy in constant flux, it is more important than every for companies to examine their financial status and compare their position to that of the relative market as well as their fellow competitors. In order to better understand the ways in which todayÃ¢â¬â¢s managers examine their position on the market and evaluate their current value as a company we will examine the financial data of Lockheed Martin Corporation and perform a detailed financial analysis on the company. We will write a custom essay sample on Financial Analysis of Lockheed Martin or any similar topic only for you Order Now In this analysis we will examine financial rations of Lockheed Martin and in turn compare these rations to that of fellow market competitors. Upon completion of our financial analysis we will be able to understand the financial position of Lockheed Martin as well as the position of Lockheed Martin in their respective market, and in turn we will be able to fully comprehend the methods and data used by companies in order to evaluate their company. Before going into an in depth analysis of our company, let us first examine the history behind Lockheed Martin. The Lockheed Martin Corporation traces its roots all the way back to the earliest days of flight. In 1909 aviation pioneer Glenn L. Martin organized a company around a small airplane construction business and transformed it into a major airframe supplier to U. S. military and commercial customers. In 1961 the Glenn L. Martin Company became the Martin Marietta Company after the completion of a merger with American-Marietta Corp. , a leading supplier of building and road construction materials. In 1982, Martin Marietta was subject to a hostile takeover bid by the Bendix Corporation which bought the majority of Martin Marietta shares and in effect owned the company. However, Martin MariettaÃ¢â¬â¢s management used the short time separating ownership and control to sell non-core businesses and launch its own hostile takeover of Bendix (known as the Pac-Man defense). The end of this extraordinarily bitter battle saw Martin Marietta survive and forced Bendix to be sold off. In 1913, Allan and Malcolm Loughead (name later changed to Lockheed) flew the first Lockheed plane over San Francisco Bay. The brothers later established their own corporation known as the Alco Hydro-Aeroplane Company which was later renamed the Loughead Aircraft Manufacturing Company. In 1926, following the failure of Loughead, Allan Loughead formed the Lockheed Aircraft Company in Hollywood, California. In 1929, Lockheed sold out to Detroit Aircraft Corporation. The Great Depression ruined the aircraft market, and Detroit Aircraft went bankrupt. A group of investors headed by brothers Robert and Courtland Gross, bought the company out of receivership in 1932. The syndicate bought the company for a mere $40,000. Ironically, Allan Loughead himself had planned to bid for his own company, but had only raised $50,000 which he felt was too small a sum for a serious bid. The first successful aircraft built in any number by the Lockheed Corporation was named the Vega and was best known for its use in several first- and record setting flights by, among others, Amelia Earhart, Wiley Post and George Hubert Wilkins. In the 1930s, Lockheed spent $139,400 to develop the Model 10 Electra, a small twin-engine transport which sold 40 units in the first year of production. Amelia Earhart and her navigator, Fred Noonan, flew this plane on their failed attempt to circumnavigate the world in 1937. The Lockheed Model 12 Electra Junior and the Lockheed Model 14 Super Electra expanded their market. The Model 14 also formed the basis for the Hudson bomber, which was supplied to both the British Royal Air Force and the United States military before and during World War II. In 1995 the these two companies, Lockheed and Martin Marietta, joined together in a merger which created the modern Lockheed Martin corporation, and further expanded with the acquisition of Loral, a defense electronics and systems integration business, in 1996. Today, the Lockheed Martin Corporation is headquartered in Bethesda, Maryland and employs 126,000 people worldwide. The company is principally engaged in the research, design, development, manufacture, integration, and sustainment of advanced technology systems. Lockheed also serves both domestic and international customers with products and services that have defense, civil, and commercial applications, with their principal customers being agencies of the U. S. Government. In 2011, 84% of their $45. billion in net sales were made to the U. S. Government, either as a prime contractor or as a subcontractor. LockheedÃ¢â¬â¢s U. S. Government sales were made to both Department of Defense (DoD) and non-DoD agencies. Sales to foreign governments (including foreign military sales funded, in whole or in part, by the U. S. Government) amounted to 15% of net sales in 2011. The remainder of net sales was attributable to commercial and other customers. In 2011, net sales at Aeronautics of $13. 2 billion represented 29% of their total net sales. Aeronautics has three principal lines of business and the percentage that each contributed to its 2011 net sales was 68 percent combat aircraft, 20 percent air mobility, and 12 percent in other aeronautics programs. At December 31, 2011, we operated in 545 locations (including offices, manufacturing plants, warehouses, service centers, laboratories, and other facilities) throughout the United States and internationally. Of these, we owned 43 locations aggregating approximately 30 million square feet, and leased space at 502 locations aggregating approximately 26 million square feet. We also manage or occupy various government-owned facilities under leases and various other arrangements. The U. S. Government also furnishes equipment that we use in some of our businesses. We operate in four principal business segments: Aeronautics, Electronic Systems, IS, and Space Systems. Lockheed organizes their business segments based on the nature of the products and services offered. The following table presents net sales and operating profit of their four business segments. Net sales exclude intersegment revenue, as these activities are eliminated in consolidation. Intercompany transactions are generally negotiated and accounted for under terms and conditions similar to other government and commercial contracts. Operating profit of the business segments includes the equity earnings or losses from investees in which certain of their business segments hold equity interests, because the activities of the investees are closely aligned with the operations of those segments. In Millions |2011 |2010 |2009 | |Net Sales | | | | |Aeronautics |13,235 |12,201 |11,473 | |Electronic Systems |14,363 |13,532 |12,803 | |Information systems Global Solutions |9,959 |9,608 |9,069 | |Space Systems |8,246 |8,654 |8,027 | |Total 45,803 |43,995 |41,372 | | | | | | |Operation Profit | | | | |Aeronautics |1,502 |1,577 |1,433 | |Electronic Systems |1,712 |1,660 |1,583 | |Information systems Global Solutions |890 |895 |919 | |Space Systems |972 |972 |953 | |Total Business Seg ments |5,076 |5,104 |4,888 | |VESP and other charges |220 |- | | |Other unallocated Corporate income net |759 |689 |161 | |Total |4,097 |4,415 |5,049 | Now that we have established the background of the Lockheed Martin Corporation, let us now analyze the ratios which provide us insight into the financial status of the corporation. The first ratio which we will look at is the current ration of Lockheed Martin. Using the current ration, we will be able to determine if Lockheed will be able to satisfy the amount of current liabilities based upon their current assets. When looking at the LockheedÃ¢â¬â¢s balance sheet for 2011, we see that they have 11. 157 million dollars in current liabilities and 12. 851 million dollars in current liabilities. In order to compute the current ratio of Lockheed we then take the current assets of 12. 51 million and divide this number by the current liabilities of 11. 157 million thus giving Lockheed a current ratio of 1. 15% for 2011. When looking at this ratio over a period of 2 years we began to see that the ratio calculated for 2011 has decreased . 01 percent from 2010. In examining this ratio, we a re able to conclude that Lockheed has a fairly constant liquidity rate which could tell us that the company is relatively stable at this point in time. The second ratio which will help us in evaluating the financial status of Lockheed Martin Corporation is the inventory turnover ratio. This ration will allow us to examine how efficiently Lockheed manages its assets and uses those assets to create income. In order to calculate this ratio we must find the companies net sales and divide this figure by the inventories that the company has on hand. After examining LockheedÃ¢â¬â¢s financial statements, we find that they reported 45. 803 million dollars in net sales and 2. 378 million dollars in inventories for 2011. After plugging these figures into our equation, we find that Lockheed had an inventory turnover ratio of 19. 26. This tells us roughly that LockheedÃ¢â¬â¢s inventory is sold out and restocked roughly 19. 26 times per year. When examined over a two year period, we find that the ratio of sales to inventories when compared to the 20. 15 ratio calculated in 2010, had only fallen by . 89. When compared to the rival Boeing Company, we find that LockheedÃ¢â¬â¢s inventory turnover ration is considerably higher than the 1. 386 that Boeing reported over the same period. This could lead to the conclusion that Lockheed Martin is in considerably better position than the majority of the other companies with in the same market. The next ratio that we will examine is referred to as the debt ration. This ratio allows us to examine the percentage of funds provided by current liabilities and long term debt. In order to calculate this ratio, we will need to take the total liabilities and divide this figure by the total assets. When examining the financial documents provided by Lockheed, we find that Lockheed reported a total liability of 31. 59 million and a total asset of 35. 067. As we plug this data into our equation we find that Lockheed Martin has a debt ratio of 89. 43 percent for 2011. When interpreting this outcome we must remember to examine the data from two separate per spectives. From the perspective of a creditor, a high debt ratio allows for less cushion against losses in the event that liquidating occurs. This could discourage creditors from lending to the company due to the fact that it poses a greater risk to the creditor. On the other hand, stockholders generally like to see a higher debt ration due to the fact that it magnifies the amount of return that they receive. Therefore, it would be wise for a company to maintain a debt ration which is fairly close to 50 percent due to the fact that it allows creditors to feel comfortable while satisfying the desires of the stockholders. Another ratio which provides valuable insight into a companyÃ¢â¬â¢s financial status is the Gross Profit Margin. When calculating this ratio we must first find the amount of sales, then subtract this number by the cost of goods sold and divide this number by the amount of sales during that period. As we examine the financial data using our Gross Profit Margin formula, we find that Lockheed had a gross profit margin of 10. 2 percent. This number tells us that Lockheed had a gross profit of 10. 2 percent per dollar of sales before any other expenses are deducted. When compared to rival aeronautical company Boeing, we find that Boeing had a gross profit margin that was 11. 9 percent higher than Lockheed. This suggests that Boeing is turning a higher profit margin than Lockheed and thus does not need to sell as much product in order to generate the same amount of income as Lockheed. By having a lower profit margin than their competitor, Lockheed must have a higher amount of sells in order to keep their place within the market. The final ratio which we will examine is the Price per Earnings ratio or the P/E Ratio. By looking at this ration we are able to identify how much investors are willing to pay per dollar of reported profit. Looking at LockheedÃ¢â¬â¢s current price per share and earnings per share data we find that they are able to maintain a ratio of 28. 67. When viewing this data, we are able to conclude that Lockheed has a fairly strong growth prospect when other things are held constant. When we compare this number to the smaller rival Northrop Grumman and find that Lockheed has a P/E that is 19. 69 higher. When looking into the reasoning behind this difference, we can conclude that Northrop is regarded as being a much riskier company than Lockheed and thus could receive less support for creditors. This places Lockheed Martin at an advantageous position due to the fact that they are viewed as a more stable company. This allows them to control more of their respective market and in turn secures their market share for future years. Now that we have viewed the financial ratios of our company and have interpreted the data based upon LockheedÃ¢â¬â¢s market and past financial data, let us now look at the Beta coefficient. When stockholders examine which companies they wish to invest in, they generally seek to invest in companies with the smallest amount of risk possible. In doing so, Stockholders greatly minimize the amount of risk that they themselves accrue and in turn provides confidence within the market. However, we must have a way in order to evaluate the relative risk of a particular companies stock and for that we use the Beta coefficient. In order to calculate the Beta coefficient we will need two sets of data, the closing price for the stock we are examining and the closing prices for the index weÃ¢â¬â¢re using. As we look at the Beta value of . 98 for Lockheed Martin and compare it industry rival BoeingÃ¢â¬â¢s 1. 31 and Northrop GrummanÃ¢â¬â¢s 1. 08 we find that Lockheed has a lower Beat value than both of its major competitors. This suggests that Lockheed is a less risky company to invest in and thus could create greater capitol available through the sale of stock for the company. In addition to drawing potential investors to the company, having a lower Beta value could cause creditors to be more willing to lend money to the company. This would allow a greater possibility for LockheedÃ¢â¬â¢s future expansion in the industry and could serve to propel them to the top of the Aeronautic market. If this were to occur, I forecast that the dividend structure within the company would increase due to the increased amount of wealth that the company is generating yearly. By having more funds available for allocation to stockholders, the company would be more willing to pass this added revenue to the stockholders thus promoting more investors to purchase stock. Upon examining the numerous financial data available on Lockheed Martin we are able to determine that the financial status of the company is sound. Lockheed Martin maintains a current ratio of 1. 5 percent which tells us that the company is able to cover the cost of their current liabilities 1. 15 times using their current assets. This tells us that the company does not have any problematic debt at the current time and therefore generates a profit at the end of ever y operating period. The second indicator of LockheedÃ¢â¬â¢s current and future success is their ability to turn over inventory. In our calculations we discovered that Lockheed had an inventory turn over ratio of 19. 26 percent which told us that they were able roughly able to sell all of their products and restock at least 19. 26 times per year. When viewing this from a financial standpoint this figure is encouraging because it represents a steady profit within the company. The next ratio analysis performed, the debt ratio, informed us that the company had a debt ratio of 89. 43 percent. This high number could serve costly to the company if they ever need seek loans from creditors, but it does satisfy the shareholders by providing a higher amount of leverage. Another ratio that we analyzed for Lockheed Martin was the gross profit margin. After computing this ratio, we found that Lockheed had a gross profit margin of 10. 2 in 2011 which means than Lockheed earned retained 10. 2 percent of every dollar earned. The final ration analysis that we performed on LockheedÃ¢â¬â¢s financial statements was a profit per earnings ratio. After performing this ratio, we found that Lockheed had a better profit per earnings than its rivals thus making it a more desirable company to invest in. This could attract future investors and in turn create more profit for the company. From this analysis, I have concluded that Lockheed Martin could not handle much more debt in the near future due to the fact that their debt ration is already considerably high. If the company were to take on much more debt, creditors would become unwilling to provide financial support for the company and the company could risk taking on more debt than their assets could cover. This would cause the overall value of the company to fall and cause the Beat coefficient to ri se to a much higher level. In order to further improve the company from the position that it is in, I believe that the company should take steps to lower the debt ratio. This would cause the creditors to be more willing to invest in the company as well as keep the stockholders satisfied with the amount of leverage the company has. Also, by lowering the debt ratio, the companies eat coefficient would fall even further making the desire to invest in the company even higher. If Lockheed were to take this step, I believe that the companies stock would continue to rise and the company could in turn increase the amount of dividends that it provides. Bibliography 1. Free SEC Filings Email Alerts Ã¢â¬â SECFilings. com. (n. d. ). Free SEC Filings Email Alerts Ã¢â¬â SECFilings. com. Retrieved April 26, 2011, from http://secfilings. com/searchresultswide. aspx? TabIndex=2=7752072=convpdf=11373=%2fdefault. aspx%3fticker%3dLMT%26amp%3bformgroupid%3d1%26amp%3bauth%3d1 2. Free SEC Filings Email Alerts Ã¢â¬â SECFilings. com. (n. d. ). Free SEC Filings Email Alerts Ã¢â¬â SECFilings. com. Retrieved April 26, 2011, from http://secfilings. com/searchresultswide. aspx? TabIndex=2=7704986=convpdf=11757=%2fdefault. aspx%3fticker%3dBA%26amp%3bformgroupid%3d1%26amp%3bauth%3d1 3. Ehrhardt, M. C. , Brigham, E. F. (2011). Corporate finance: a focus approach (4th ed. ). Mason, OH: South-Western Cengage Learning. How to cite Financial Analysis of Lockheed Martin, Essay examples
Sunday, April 26, 2020
Mid-Term Break I sat all morning in the college sick bay Counting bells knelling classes to a close. At two o'clock our neighbours drove me home. In the porch I met my father crying- 5 He had always taken funerals in his stride- And Big Jim Evans saying it was a hard blow. The baby cooed and laughed and rocked the pram When I came in, and I was embarrassed By old men standing up to shake my hand 10 And tell me they were "sorry for my trouble", Whispers informed strangers I was the eldest, Away at school, as my mother held my hand In hers and coughed out angry tearless sighs. At ten o'clock the ambulance arrived 15 With the corpse, stanched and bandaged by the nurses. Next morning I went up into the room. Snowdrops And candles soothed the bedside; I saw him For the first time in six weeks. Paler now, Wearing a poppy bruise on his left temple, 20 He lay in the four foot box as in his cot. No gaudy scars, the bumper knocked him clear. A four foot box, a foot for every year. Mid term break Commentary This is an incredibly sad poem. The mood is set almost immediately in the second line: Counting bells knelling classes to a close. Notice how Heaney uses assonance and alliteration to emphasise the funereal sound of the bells and the feeling of time dragging. The stanza begins with the 'morning' in line one but it is two o'clock in line three showing that hours have passed in waiting. The second stanza begins with the image of Heaney's father 'crying'. Having come across Heaney's father in poems such as Follower in which he appears to be a strong man of few words, this contrary picture evokes powerful emotion in the reader. Heaney skilfully takes the reader with him as he enters the house through the porch - we meet his father, 'Big Jim Evans', the baby in its pram, the old men congregated in the room and finally Heaney's mother coughing out 'angry tearless sighs'. Lines 14-15 again show Heaney using assonance, this time in his repetition of the short 'a' - 'At', 'ambulance', 'arrived', 'stanched', 'and', 'bandaged' - emphasising the stopping short of blood and life. We learn in the sixth stanza that Heaney hadn't seen his brother for six weeks having been 'Away at school'. The words 'Paler now,' hang at the end of the stanza causing a sad pause before the sentence continues and describes how little changed in appearance the boy is in death, the difference being his paler complexion and'poppy bruise'. The final line stands out on its own. Almost every word is emphasised so that the reader must take in the line's message and the shock and deep grief that the family must have felt. There is an element of shock for the reader reading it for the first time also, when they discover who has died and that he was a mere four years old.