A Clinical Experience Of The Nursing And Midwifery Council...

The purpose of this assignment is to reflect upon a clinical experience in which dignity was maintained. What is Dignity? One of the fundamental of the Nursing and Midwifery Council (NMC) Code (2008) is ‘Make the care of people your first concern, treating them as individual and respecting their dignity’. The aim of the essay is to analyse how dignity can be promoted in a busy hospital ward. Dignity is a difficult question to answer and is a topic on the news especially after the Mid Staffordshire public inquiry report where Dignity was highlighted that needs improvement. I have picked that particular event as I had spent quite a bit of time with that patient and it motivated me to think of the importance of Dignity whilst she was under my†¦show more content†¦Due to my previous work experience working with the elderly, I was quite fortunate but got very limited knowledge in nursing care. It was Monday morning, during handover we were given an updated bed plan o f all the patients in the ward, and the senior staff nurse informed us, they have had a new admission over the weekend. Mrs Rees, 89, lives at home with her Husband. She suffers with Dementia, and is currently on antibiotic treating her urinary infection. She came in on Sunday following a fall at home. Mrs Rees has had a very unsettled night, calling out, shouting and refusing assistance with personal care. Once handover was over, my mentor asked me to check on Mrs Rees. I knocked Mrs Rees door, asking permission if I could enter her room. She was sitting by the window and seemed very distressed, tearful asking for â€Å"Jim†. I introduced myself as a student Nurse, and I positioned myself to her eye level and asked Mrs Rees why she was upset? She asked me â€Å"Where is Jim!?† I pulled my bed plan out of my pocket, and looked if there was any information on there about â€Å"Jim†, but nothing apart that she live with her husband. I got closer to her, hold her hand and reassure her that she was ok and I will go and find out about Jim’s whereabouts. There was a sigh of relief on her face, and she squeezed my hand saying thank you. She was obviously very anxious saying Jim has left her here and don’t

What Seem to Be the Most Important Thing Lead to Success of Apple Free Essays

What seem to be the most important things leading to the success of this company? Apple did not come by its present success easily. Before the ipad, iphone and ipod became profitable icons of high-tech fashion, Steve Jobs do suffered a long series of failures. For many years, there were serious doubts if Apple could survive the battles it was losing to competitors like Microsoft. We will write a custom essay sample on What Seem to Be the Most Important Thing Lead to Success of Apple or any similar topic only for you Order Now In contrast, Apple is now expected to sell 30million ipads in 2011, two-thirds of all tablet computers sold globally. Question is, how did a struggling company become so successful? What seem to be the most important things that lead to the success of this company? If you take a look at the Apple’s strategies, it’s actually pretty simple and straight forward. First of all, Apple lets the others fail first, so that it can learn from the mistake. Although to be the first mover is great, but it can after be an impairment. It’s sort of like buying a new model of car the first year it’s available but you will probably have to deal with the unforeseen problems although you might think that it will be nicer if you can have it first. Apple using this strategy to learn an experience from the failure while not wasting any times and money. Second, Steve Jobs also recognize his own team for the successful of the product. You may take a look at any major product announcement. At the end of the announcement, Steve Jobs always thanks the team leader and usually asked those who worked on the product to stand up. This may increase the employee’s loyalty to the company, and make them proud of themselves and they will be mre hardworking in helping their company to become success. Third, Apple company focus on the few to sell to many which means that instead of trying to satisfy every fringe taste or market niche, Apple decided to focuses on just a few products in each category. With time and money, Apple strives to make each item in its relatively small stable as perfect as possible. In which help to differentiate the products and build the customer loyalty, and also help Apple to develop a better products compare to other products that trying to satisfy every fringe taste. In contrast, Apple’s success is driven less by the company’s products and more by the company’s marketing and business strategies. How to cite What Seem to Be the Most Important Thing Lead to Success of Apple, Papers

Certain Responsibilities Ward Stakeholders â€Myassignmenthelp.Com

Question: Discuss About The Certain Responsibilities Ward Stakeholders? Answer: Introducation Business organizations, whether companies or other forms of business organizations, have certain responsibilities towards their stakeholders. Stakeholders of a business organization includes shareholders, employees, labor, creditors, debtors, banks and financial institutions that have provided financial assistance to such business organization, Government agencies, Tax authority of a country and society as a whole. It is important for business organization whether companies or other forms of organizations to fulfill their responsibilities towards each and every stakeholder. Only by satisfying the interests of each and every stakeholder an organization can successfully operate its business in the long run. Considering the main objectives of any business organization includes maximization of its earnings and shareholders wealth it would be only possible by providing careful attention to each and every stakeholders needs and interests (Tricker and Tricker 2015). Though it is the most im portant motivational factor for an organization to maximize its profits and shareholders wealth however, it would not be ideal for an organization to use all possible means and ways to achieve these objectives. To ensure business organizations stays within the ethical limits and legal boundaries while conducting its business operations various legislations have been enacted in different countries. A business organization by adhering to the provisions of these legislations while carrying on its business in a place in addition to fulfilling the standard norms and regulations of fair competition and business practice will discharge its responsibility towards the society which is one of the cost important stakeholders of a business organization. In case of business organizations and especially companies operating in Australia the provisions of Corporations Act, 2001 are the main guidelines to be followed while carrying on the business operations of the companies (Tricker and Tricker 201 5). The provisions of the Corporations Act, 2001 have clearly mentioned the highest standards of business practices that a business organization and a company should follow while carrying its business operations. Thus business practices in Australia should be regulated in accordance with the provisions of Corporations Act, 2001 to ensure that the practices are fair and not harmful to a society. Apart from the provisions of the Corporations Act, 2001 a business organization also needs to adhere to the code of professional ethics to ensure that the business practices are not in contradiction with the code of professional and ethics (Kaczorowska-Ireland 2015). In addition to the corporations Act, 2001 and code of professional ethics a business organization, whether company of other form of business organization, will also have to abide by the provisions of the Income Tax Assessment Act, 1936 in reporting its taxable profits and accordingly for payment of income tax. Income Tax Assessme nt Act, 1936 is the prime statutory enactment that guides the resident individuals and business organizations in the country in reporting its taxable profits and resultant tax liability from its business operations. In case of default in complying with the provisions of the Income Tax Assessment Act, 1936 in reporting its taxable profits and resultant tax from business operations there are provisions for penalty and punishment for such defaulting organizations. A business organization, especially a company, is considered as an artificial individual is liable towards the society in which it is operating by using the resources of the place to adhere to the highest standard of professional ethics and to the relevant provisions applicable to such organization (Vogel et al. 2015). The income tax liability for a business organization arises due to the various operations that it undertook in order to run the operations of business. Calculation of income tax liability of a business organization as well as a resident individual is to be made in accordance with the provisions of the Income Tax Assessment Act, 1936 (ITAA). However, PAYG is a system which allows business organizations to withhold tax on priority basis before computation of taxable income. Pay-As-You-Go (PAYG) is a system of tax payment where the payee deducts a certain percentage of tax from the amount of payment according to the standard provisions mentioned in the system. However, the computation of taxable profit and assessable income individuals are only to be made using the provisions of the ITAA. The assessable income of an individual and taxable profit of a business organization are to be computed keeping in mind the provisions mentioned in the ITAA (Gitman et al. 2015). There is substantial d ifference between calculation of income tax under PAYG system and ITAA. Whereas ITAA provides all necessary provisions to allow the business organizations to compete the taxable profit on which tax is to be imposed for a particular period PAYG is a system of withholding tax. The PAYG and ITAA are two different system and computation of income tax under the two system is also completely different. The objectives of ITAA and PAYG are completely different and thus, the calculation of income tax under the two systems would also be completely different. Whereas the objective of ITAA is to ascertain income tax liability of a tax payer; PAYG is about withholding of tax on priority basis (Mitchell et al. 2015). In case of business organizations, revenue generation activities, such as sale of goods, payment receipt for services provided, other incomes such as income from investments, interests received on bank balances constitute taxable transactions. Often people have a tendency to belief that only transactions that contribute to the revenue generation to an organization are taxable transactions however, it is not the case as the payments made in the ordinary course of business for expenditures necessary to run the business operations are also taxable transactions as these are all taken into consideration in ascertaining the taxable profit of a business organization to determine the income tax liability on such profit. As already discussed in case of business organizations operating in Australia and for resident individuals the Income Tax Assessment Act, 1936 and Income Tax Assessment Act, 1997 are the main legislations governing income tax provisions in the country (Williams et al. 2015). Australian Accounting Standards Board, here in after to be referred to as AASB for the sake of brevity in this document, is responsible to formulate accounting standards to guide accountants in the country for recording the financial transactions properly in the books of accounts. In order to reduce the alternative accounting principles and policies to minimum and to enhance the quality of financial reporting in the country the AASB was formed to formulate and issue accounting standards. Financial reporting quality has improved significantly after the introduction of mandatory accounting standards which are to be followed by business organization in preparation and presentation of their financial statements (Nicoll 2016). Financial reporting is the process of preparation of financial statements for the stakeholders of an organization to let them know the financial position and performance of such organization for a particular period. The reporting requirements for business organizati ons have been increased many fold after the formation of AASB as they have issued certain accounting standards which business organizations have to follow to maintain books of accounts for recording financial transactions properly. Before introduction of mandatory accounting standards by AASB business organizations and accountants were free to use different accounting principles and methods to compile the books of accounts however, the introduction of accounting standards by AASB has bring certain order to accounting. The requirements and restrictions have increased and these have enhanced the ability of financial statements to portray the true and fair picture of an organization as on a particular date. The reduction in number of alternative accounting principles and methods have enhanced the comparability of financial statements. It is important to understand that the AASB is always trying to improve the quality of financial reporting and hence, it is a continuing process one whic h will keep on trying to improve the financial reporting quality (Henderson et al. 2015). As already mentioned in case of Australia the business organizations and companies have to adhere to the provisions of the Corporations Act, 2001. Similarly, in other states and countries there are other legislations to govern the business practices of corporations and other forms of organizations. For example, in India the Companies Act, 2013 governs the business practices of companies and income tax related provisions are governed by the Income Tax Act, 1961; in United States of America, different states have different federal laws to govern the business practices of corporations and other forms of business organizations. Thus, in each and every country there are a separate legislation to govern and regulate the business practices of corporations and business organizations. The effectiveness of these legislations in different countries depend on the ability of the Government to implement these legislations to ensure that business organizations are adhering to these provisions while conducting their business operations. In a country like us, i.e. Australia, it is fortunate on our part that the Government agencies are efficient and do discharge their duties effectively thus, the corporations in the country more or less have followed the provisions of the Corporations Act, 2001. Its not like defaults have not been committed by companies however, due course of actions have been taken against such defaulting companies in accordance with the provisions of Corporations Act, 2001 and ITAA, 1936 to restore the faith of those who have followed the provisions of these legislations honestly (Gitman et al. 2015). The objectives of different legislations such as Income Tax Assessment Act, 1936, PAYG, The Goods and Services Act, 1999 etc. are different however, it is essential to adhere to the provisions of these legislations for those to whom these are applicable. Income Tax Assessment Act, 1936, here in after to be referred to as ITAA, has all the provisions related to income tax liability of resident individuals, non-resident individuals, artificial individuals (Companies, partnership firms and other forms of organizations). It is absolutely mandatory for the tax payers which could be an ordinary resident or a company to adhere to the provisions of the ITAA to avoid penalties and other forms of punishments. Each and every citizen of the country is bound to follow the provisions applicable to them according to the constitution of the country. In case of matters related to income and income taxes the residents as well as non-residents Australians for incomes arising in Australia will have to f ollow the provisions of the ITAA. PAYG or pay as you go tax is a form of withholding tax from the tax payers at the time of making payment to the tax payers. ITAA on the other hand computes the assessable income of an individual for a particular income year and accordingly determines the income tax liability of such individual. Both these system of income tax is different in their own way and works for different objectives. It is important to not mix the two but to understand the different objectives of these two systems. Accounting standards are guidelines and framework which are mandatory to be followed by individual tax payers, companies and other forms of organizations to record the financial transactions properly in order portray a true and fair picture of financial position of such individual, companies and other forms of organizations. These are standards issued by the Australian Accounting Standards Board to guide the practice of the accountants to enhance the quality of financial reporting. Both legislation and accountings standards primarily protect Government and Different agencies of the Government, such as Treasury, Enforcement Directorate, Environment Protection Department, etc. as the legislations and standards meant to control the activities and operations of business organization as well as control the behaviors of the citizen of the country in a constructive manner to fuel the development and growth in the economy and the country (Issacharoff and Eagles 2015). The standards and laws mainly promote clarity in financial transactions and dealing to help the country to collect correct amount of taxes from business organizations as well as individuals of the country (Drew et al. 2016). Improving the quality of financial reporting is one of the main objectives of accounting standards thus, it promotes improvement in financial reporting. The accounting standards and laws also promote transparency in financial reporting. Following the accounting standards and relevant guidelines provided in different legislations will improve the quality of financial reporting thus, the financial statements will portray true and fair picture of an organization which would not be the case if the organizations are allowed to use any method without any standard in preparation and presentation of financial statements. As discussed in the first part of this assessment that income tax calculated as per PAYG system will be completely different from income tax calculation under ITAA. However, it is imperative for a business organization as well as for an individual to calculate his / its income tax liability in accordance with the provisions of ITAA and not any other system. Similarly, using appropriate accounting standards and following the provisions of different laws will promote transparency, accuracy and accountability for a business organization and other tax payers (Devolder and Melis 2015). The accounting standards prevent accountants and organizations from using unfair and unreasonable accounting principles and methods to manipulate accounts according to their requirements. Thus, financial statements prepared in accordance with the accounting standards will show true and fair financial position of an organization and will prevent accountants from manipulation of accounts to achieve unethical objectives. Laws on the other hand prevents unlawful behavior on the part of business organizations and individuals in a country as fear of law will compel them to conduct their manners suitably and in accordance to the rules and regulations in the country (Crane and Matten 2016). The relevant laws and accounting standards promote ethical accounting as the main purpose of formulation of accounting standards was to enhance the quality of financial reporting to provide the users of the financial statements correct information to enable them to assess and verify the financial position of an organization properly. Thus, following accounting standards and provisions of ITAA and other Acts will help to improve the quality of financial reporting to help the users of the financial statements to assess the financial position of business organizations correctly to take important decisions affecting their interests.; References: Tricker, R.B. and Tricker, R.I., 2015.Corporate governance: Principles, policies, and practices. Oxford University Press, USA. Kaczorowska-Ireland, A., 2015.Public international law. Routledge. Crane, A. and Matten, D., 2016.Business ethics: Managing corporate citizenship and sustainability in the age of globalization. Oxford University Press. Devolder, P. and Melis, R., 2015. Optimal mix between pay as you go and funding for pension liabilities in a stochastic framework.ASTIN Bulletin: The Journal of the IAA,45(3), pp.551-575. Vogel, E., Ludwig, A. and Brsch-Supan, A., 2015. Aging and pension reform: extending the retirement age and human capital formation.Journal of Pension Economics Finance, pp.1-27. Gitman, L.J., Juchau, R. and Flanagan, J., 2015.Principles of managerial finance. Pearson Higher Education AU. Drew, J., Grant, B. and Campbell, N., 2016. Progressive and reactionary rhetoric in the municipal reform debate in New South Wales, Australia.Australian Journal of Political Science,51(2), pp.323-337. Nicoll, P., 2016.Audit in a democracy: the Australian model of public sector audit and its application to emerging markets. Routledge. Henderson, S., Peirson, G., Herbohn, K. and Howieson, B., 2015.Issues in financial accounting. Pearson Higher Education AU. Mitchell, M., Lockwood, M., Moore, S.A. and Clement, S., 2015. Incorporating governance influences into social-ecological system models: a case study involving biodiversity conservation.Journal of Environmental Planning and Management,58(11), pp.1903-1922. Williams, B., Fielder, C., Strong, G., Acker, J. and Thompson, S., 2015. Are paramedic students ready to be professional? An international comparison study.International emergency nursing,23(2), pp.120-126. Issacharoff, S. and Eagles, T., 2015. Australian Alternative: A View from Abroad of Recent Developments in Securities Class Actions.UNSWLJ,38, p.179.

Wont You Be My Neighbor Essay Example For Students

Wont You Be My Neighbor? Essay In Peter Lovenheim essay â€Å"Won’t You Be My Neighbor? † Lovenheim explains that he slept over at one of his neighbor’s, Lou’s, house. He was 81 years old and had six children who were all grown up. He lost his wife of 52 years. He was a retired surgeon, and before Lovenheim went over Lou’s house to sleep over, his daughter said it was crazy and weird that a 50 year-old-dad is sleeping over a neighbor’s house. Lovenheim writes, â€Å"There’s talk today about how as a society we’ve become fragmented by ethnicity, income, city versus suburb, red state versus blue. We will write a custom essay on Wont You Be My Neighbor? specifically for you for only $16.38 $13.9/page Order now But we also divide ourselves with invisible dotted lines. I’m talking about property lines that isolate us from the people we are physically closest to: our neighbors† (494-495). There are a lot of problems today with neighbors and society. Lovenheim argues, â€Å"Did I live in a community or just in a house on a street surrounded by people whose lives were entirely separate? † (495). Some of his neighbors knew others, but many others didn’t even know the names of the neighbors from a couple of doors down. According to Lovenheim, from 1974 to 1998 the frequency of Americans who spent time at a social event with a neighbor went down by one third. Also, neighborhood ties today are not as strong as they were in the 1950s because of technology and jobs. Then, he argues there are physical barriers in people’s lives that divide them from others as deeply as social differences such as income, age, ethnicity, and gender. He asks, â€Å"Why is it that in an age of cheap long-distance rates, discount air-lines, and the internet, when we can create community anywhere, we often don’t know the people who live next door? (495). His neighbors don’t care to know the people who live next door to them, but he cares. He wanted to know what it would take to penetrate the barriers between his neighbors, because he wanted to know them better. He began to call his neighbors, email them, even walk up to their door and knock. After the first neighbor turned down his offer, Lou then accepted his offer. He wanted to see if his neighbors would let him sleep over at their house and let him write about their lives inside their own houses. Every time he passed a house in his neighborhood, he wanted to know how many children they had and what they did as a living. Also, Lovenheim wanted to know their experiences and what kind of people they were. Finally, Lovenheim explains, â€Å"Maybe, we should all cross the invisible lines between our homes and achieve greater unity in the places we live† (496). People don’t need to sleep over; it will only take a phone call, a note, or going over their house to knock or ring the doorbell. Bibliography: Peter Lovenheim. â€Å"Won’t You Be My Neighbor?† Acting out Culture. Ed. James S. Miller. New York: Bedford/St. Martin, 2011. 494-496. Print.

The Importance of Listening Obediance Essays

The Importance of Listening Obediance Essays The Importance of Listening Obediance Essay The Importance of Listening Obediance Essay The Importance of Following Directions Obedience and following directions exactly are important skills that all individuals need in their lives . There are many instances wherein the ability to follow specific orders is needed . There are many more instances wherein the inability to do so could result in fatal errors and irrevocable harm . These dire consequences could not only affect the individual who could not follow directions closely but could also affect the one giving the directions and also other individuals relying on the results of the given directions . This essay aims to show the importance of following directions through an analysis of several real-life situations . It is widely recognized that following instructions is essential in the educational system . Even in online courses , classes taken over the internet , reading the instructions for a given module and following it step by step prove to be essential requirements . Being able to follow instructions when it comes to classes and school-type environments insures that the student will be able to achieve a higher grade . Knowing how to understand and execute teacher ‘s or instructor ‘s directions properly assures the student that he or she will be able to provide outputs that are in accordance with the standards and quality the teacher or instructor has in mind . Thus grades can be a reflection of how well a student has followed instructions (Nicoletta , n . d . Not following teacher ‘s directions can even result in point deductions in the work of some students . Following directions can also be essential in the family setting . Parents have to be able to teach their children how to follow directions because it will prove essential to their later success in life . In the family , not being able to follow directions can lead to anger and bad family relationships . Although parents are supposed to guide their children in their growth , children should also be able to obey their parents as a means of respect and acknowledgement that it will be for their own good . When children , therefore , are not able to follow directions , they are skipping out on an opportunity to learn something . Not following instructions also jeopardizes the goodwill within the family and may create unnecessary tension (Steelsmith , 2004 . In an individual ‘s career , following directions also proves to be vital . Not following the exact instructions in application forms may result in an individual not being hired for the job such as when contact information was not properly filled out . Not filling out reports roperly may result in not receiving the compensation for that assignment . Having a successful career requires discipline and care . This includes being able to take the time to know what is required of and following those instructions properly (Star Search Casting , 2002 . An individual not following the boss ‘ orders correctly could well end up on the receiving end of a harsh reprimand or even of a termination notice . Following directions are mor e crucial in certain career paths such as when one decides to join the military . Not†¦

Crimes and Trials of Lyle and Erik Menendez

Crimes and Trials of Lyle and Erik Menendez In 1989, brothers Lyle and Erik Menendez used a 12-gauge shotgun to murder their parents, Jose and Kitty Menendez. The trial received national attention because it had all the elements of a Hollywood movie - wealth, incest, parricide, infidelity, and murder. Jose Menendez Jose Enrique Menendez was 15 years old when his parents sent him to the US from Cuba after Castro took over. Influenced by his parents, who were both champion athletes in Cuba, Jose also developed into a good athlete and later attended Southern Illinois University on a swimming scholarship. At the age of 19, he met and married Mary Kitty Anderson and the couple moved to New York. There he earned an accounting degree from Queens College in Flushing, New York. Once out of college his career soared. He proved to be a highly focused, competitive, success-driven employee. His climb up the ladder eventually led to a lucrative position in the entertainment industry with RCA as an executive vice president and chief operating officer. During this time Jose and Kitty had two boys, Joseph Lyle, born January 10, 1968, and Erik Galen, born November 27, 1970. The family moved to a prestigious home in Princeton, New Jersey, where they enjoyed comfortable country-club living. In 1986, Jose left RCA and transferred to Los Angeles where he accepted the position of President of Live Entertainment, a division of Carolco Pictures. Jose earned a reputation as being a heartless, tough numbers cruncher, which turned an unprofitable division into a moneymaker within a year. Although his success brought him a certain level of respect, there were also many people who worked for him that completely despised him. Kitty Menendez For Kitty, the West Coast move was disappointing. She loved her life in New Jersey and struggled to fit into her new world in Los Angeles. Originally from Chicago, Kitty grew up in a broken middle-class home. Her father was physically abusive to his wife and children. They divorced after he left to be with another woman. Her mother never seemed to get over the failed marriage. She suffered from depression and deep resentments. Throughout high school, Kitty was sullen and withdrawn. It was not until she attended Southern Illinois University that she seemed to grow and develop self-esteem. In 1962, she won a beauty pageant, which also seemed to bolster her confidence. In her senior year of college, she met Jose and fell in love. She was three years older than he was, and a different race, which at that time was frowned upon. When Jose and Kitty decided to marry, both their families were against it. Kittys parents felt the racial issue would lead to unhappiness and Joses parents thought that he was only 19 and too young to marry. They also did not like that Kittys parents were divorced. So the two eloped and soon afterward headed to New York. Kitty turned away from her future goals and went to work as a schoolteacher while Jose finished college. It seemed to pay off in some ways after his career took off, but in other ways, Kitty lost herself and became completely dependent on her husband. She spent much of her time tending to the boys and waiting on Jose when he was home. When she discovered that Jose had a mistress and that the relationship had lasted over six years, she was devastated. He later admitted to cheating on her with several women throughout their marriage. Like her mother, Kitty never seemed to get over Joses infidelities. She too became bitter, depressed and even more dependent. Now, having moved across the  country, she had lost the network of friends that she had in the northeast and felt isolated. After having children Kitty gained weight and she lacked style in her clothing and general appearance. Her taste in decorating was poor and she was a bad housekeeper. All of this made acceptance in the affluent Los Angeles circles a challenge. On the outside, the family looked close-knit, like a perfect family, but there were internal struggles that took its toll on Kitty. She no longer trusted Jose and then there was the trouble with the boys. Calabasas The San Fernando Valley suburb called Calabasas is an upper-middle-class area and where the Menendez moved to after leaving New Jersey. Lyle had been accepted into Princeton University and did not move with the family until months later. During Lyles first semester at Princeton, he was caught plagiarizing an assignment and was suspended for one year. His father attempted to sway Princetons president, but without success. At this point, Jose and Kitty were both aware that the boys were incredibly spoiled. They got most everything that they wanted - great cars, designer clothing, money to blow and in exchange, and all they had to do was live under the strict controls of their father. Since Lyle was thrown out of Princeton, Jose decided it was time for him to learn some life lessons and he put him to work at LIVE. Lyle was not interested. He wanted to go to UCLA and play tennis, not go to work. However, Jose would not allow it and Lyle became a LIVE employee. Lyles work ethic was similar to how he acted towards most things - lazy, disinterested, and leaned on daddy to get him through it. He was constantly late for work and ignored assignments or would just take off to go play tennis. When Jose found out, he fired him. July 1988 With two months to kill before returning to Princeton, Lyle, 20 and Erik now 17, began burglarizing their friends parents homes. The amount of money and jewelry that they stole amounted to around $100,000. After they were caught, Jose saw that Lyles chances to return to Princeton would be over if he was convicted, so with the help of a lawyer, he manipulated it so that Erik would take the fall. In exchange, the brothers would have to go for counseling and Erik was required to do community service. Jose also forked out $11,000 to the victims. Kittys psychologist, Les Summerfield, recommended psychologist Dr. Jerome Oziel as a  good choice for Erik to see for counseling. As far as the Calabasas community went, not very many people wanted anything more to do with the Menendez family. In response, the family headed to Beverly Hills. 722 North Elm Drive After being humiliated out of Calabasas by his sons, Jose purchased a spectacular $4 million mansion in Beverly Hills. The house had marble floors, six bedrooms, tennis courts, a swimming pool, and a guesthouse. Previous occupants included Prince, Elton John, and a Saudi prince. Erik changed schools and began attending Beverly Hills High and Lyle returned to Princeton. The switch was probably difficult for Erik, who had managed to develop some friendships at Calabasas high school. Being the younger brother, Erik seemed to idolize Lyle. They had a deep bond that excluded others and as children, they often played exclusively together. Academically, the boys were average and even that level was hard for them to maintain without the direct help from their mother. Teacher evaluations often included the suggestion that the boys homework was above the capability that they showed in class. In other words, someone was doing their homework for them. And they were right. Throughout Eriks entire time in school, Kitty would do his homework. About the only thing Erik was good at was tennis, and at that, he excelled. He was the number one ranked player on the schools team. In high school, with Lyle no longer involved in his day-to-day life, Erik had his own friends. One good friend was the captain of the tennis team, Craig Cignarelli. Craig and Erik spent a lot of time together. They wrote a screenplay called Friends about a teen that saw his fathers will and went and killed him so he would inherit the money. No one at the time knew the implications of the plot. Spoiled Rotten By July 1989, things for the Menendez family continued to spiral downward. Lyle was on academic and disciplinary probation from Princeton after destroying property. He also tore up the golf course at the country club that the family belonged to, costing their membership to be suspended and thousands in repair cost that Jose paid. Erik spent his energy with failed attempts to make a name for himself in tennis. Jose and Kitty felt that they no longer could control the boys. In an attempt to get them to grow up and face some responsibility for their lives and their futures Jose and Kitty decided to use their will like a dangling carrot. Jose threatened to remove his sons from the will if they did not change the way they were living. Something Was Amiss Based on outside appearances, the remainder of the summer seemed to go better for the family. They were doing things together again as a family. But Kitty, for unknown reasons, did not feel safe around the boys. She spoke to her therapist about feeling fearful of her sons. She thought they were narcissistic sociopaths. At night she kept her doors locked and two rifles nearby. The Murders On August 20, 1989, at around midnight, the Beverly Hills police received a 9-1-1 call from Lyle Menendez. Erik and Lyle had just returned home after going to the movies and found their parents dead in the family room of their home. Both parents had been shot with 12-gauge shotguns. According to autopsy reports, Jose suffered explosive decapitation with evisceration of the brain and both his and Kittys faces were blown apart. Investigation The rumored theory about who murdered the Menendez was that it as a Mob hit, based partially on information from Erik and Lyle. However, if it was a mob hit, it was a definite case of overkill and the police were not buying it. Also, there were no shotgun casings at the murder site. Mobsters do not bother to clean up shell casings. What created more concern among the detectives was the tremendous amount of money the Menendez brothers were spending which began immediately after their parents were murdered. The list was long, too. Expensive cars, Rolex watches, restaurants, personal tennis coaches - the boys were on a spending roll. Prosecutors estimated that the brothers spent around a million dollars in six months. Big Break On March 5, 1990, seven months into the investigation, Judalon Smyth contacted the Beverly Hills police and informed them that Dr. Jerome Oziel had audio tapes of Lyle and Erik Menendez confessing to the murder of their parents. She also provided them information on where the shotguns were purchased and that the Menendez brothers had threatened to kill Oziel if he went to the police. At the time, Smyth was trying to end an alleged relationship with Oziel, when he asked her to pretend to be a patient at the office so that she could eavesdrop on a meeting he was having with the Menendez brothers. Oziel was afraid of the boys and wanted Smyth there to call police in case something happened. Because there was a threat on Oziels life, the patient-therapist confidentiality rule did not apply. Armed with a search warrant the police located the tapes in a safety deposit box and the information Smyth provided was confirmed. On March 8, Lyle Menendez was arrested near the family home, followed by the arrest of Erik who returned from a tennis match in Israel and turned himself into the police. The brothers were remanded without bail. They each hired their own lawyers. Leslie Abramson was Eriks lawyer and Gerald Chaleff was Lyles. The Arraignment The Menendez brothers had full support from most all of their relatives and during their arraignment, the atmosphere lacked the appropriate seriousness for what was taking place. The brothers strutted in like movie stars, smiled, and waved to their family and friends and snickered when the judge began to speak. Apparently, they found the serious tone of her voice humorous. You have been charged with multiple murder for financial gain, while lying in wait, with a loaded firearm, for which, if convicted, you could receive the death penalty. How do you plead? They both plead not guilty. It would take three years before their cases went to trial. The admissibility of the tapes became the big hold up. The California Supreme Court finally decided that some, but not all of the tapes were admissible. Unfortunately for the prosecution, the tape of Erik describing the murders was not allowed. The Trials The trial began on July 20, 1993, in the Van Nuys Superior Court. Judge Stanley M. Weisberg was presiding. He decided that the brothers would be tried together, but that they would have separate juries. Pamela Bozanich, the chief prosecutor, wanted the Menendez brothers to be found guilty and to get the death penalty. Leslie Abramson was representing Erik and Jill Lansing was Lyles lawyer. As flamboyant a lawyer as Abramson was, Lansing and her team were equally quiet and sharply focused. Court TV was also present in the room, filming the trial for its viewers. Both defense lawyers admitted that their clients did kill their parents. They then went about methodically trying to destroy the reputations of Jose and Kitty Menendez. They tried to prove that Menendez brothers had been sexually abused by their sadistic father throughout their lifetime and that their mother, when not participating in her own form of perverse abuse, turned her back on what Jose was doing to the boys. They said that the brothers murdered their parents out of fear that the parents were going to murder them. The prosecution simplified the reasons behind the murder stating that it was done out of greed. The Menendez brothers feared that they were going to get cut out of their parents will and lose out on millions of dollars. The murder was not a spur of the moment attack done out of fear, but rather one that was thought out and planned days and weeks before the fatal night. Both juries were unable to decide which story to believe and they came back deadlocked. The Los Angeles DAs office said they wanted a second trial immediately. They were not going to give up. The Second Trial The second trial was not as flamboyant as the first trial. There were no television cameras and the public had moved on to other cases. This time David Conn was the chief prosecutor and Charles Gessler represented Lyle. Abramson continued to represent Erik. Much of what the defense had to say had already been said and although the whole sexual abuse, incest  direction was disturbing to hear, the shock of hearing it was over. However, the prosecution dealt with the sexual abuse allegations and battered persons syndrome differently than how it was dealt with during the first trial. Bozanich did not address it at all, believing that the jury would not fall for it. Conn attacked it straight on and got Judge Weisberg to block the defense from saying that the brothers suffered from battered persons syndrome. This time the jury found both the Menendez brothers guilty of two counts of first-degree murder and conspiracy to commit murder. Shocking Moment During the penalty phase of the Menendez trial, Dr. William Vicary, who was Eriks psychiatrist since his arrest, admitted that Leslie Abramson asked him to rewrite portions of his notes that were being reviewed because it could be harmful to Erik. He said she called the information prejudicial and out of bounds. One section that was removed pertained to Eriks saying that his fathers homosexual lover told Erik and Lyle that their parents were planning to kill them. Erik told Vicary that the whole thing was a lie. The fact that Abramson had asked the doctor to remove incriminating comments could have cost her her career, but it also could have caused a mistrial. The judge did not allow that to happen and the sentencing phase continued. Sentencing On July 2, 1996, Judge Weisberg sentenced Lyle and Erik Menendez to life in prison without the possibility of parole. The brothers were later sent to separate prisons. Lyle was sent to North Kern State Prison and Erik was sent to the California State Prison.

Nautilus Incorporation Research Paper Example | Topics and Well Written Essays - 1500 words

Nautilus Incorporation - Research Paper Example The summarized findings of the financial analysis are outlined below: 1. Sales level of the company has been on a declining trend and the company’s sales are reduced to $180 million from $517 million. 2. For investors, both earning per share as well as dividend payout ratio, have shown very disgusting results. 3. The profitability position of the company is quite disappointing as the company incurred losses in first four years, but generated some profits in 2011. 4. Total Assets of the company have been on a declining trend as well, but there is a slight improvement in 2011. 5. Leverage position of the company has reflected negative results such that debt ratio has increased from 50% to 60% and the level of debt is on an increasing trend which is an alarming sign for the company. 6. Equity position of the company has also shown some bitter results such that it is reduced by 6 times from 2007. 7. Operating cash flows have remained quite volatile during last five years. 8. Free cash flows to firm are predicted to be increased by 10% every year. 9. The risk position of the company is not good at all and the company still in high risk zone. 10. A discount rate of 35% is used to discount the free cash flows. Introduction Nautilus Inc. is one of the constituent of NASDAQ member companies. ... well as the predicted free cash flows for the next five years have also been estimated by utilizing a relatively higher but an appropriate discount factor. Appendix has also been attached after the conclusion of this article in which the computations of some ratios have been displayed. Conclusion in the end will summarize financial analysis under this article. Sales Analysis If the sales of NLS are taken into consideration, it can be noticed that the company seems far behind from the objective of maintaining a persistent growth rate. The sales behavior of the company cannot be termed as healthy by any means due to significant shrinkages in the level of sales. From 2007 till 2010, the company suffered a continuous decline in its sales on yearly basis. The overall growth rate of sales level of the company has remained negative. The prime reason behind this sales decline is the change in the preferences of the people after recession as they took a defensive stance and avoided incurring expenditures on health and fitness based equipments. However, there is a very light ray of hope in the year 2011 where the company managed to increase its sales by around 7%. Overall the company’s past record imposes a solid question mark regarding the future level of sales because with this level of growth, the company would not be able to sustain for a longer period of time. The following table highlights the actual sales level and growth from 2007 till 2011: Years 2011 2010 2009 2008 2007 Sales 180,412 168,450 189,260 411,178 501,471 Growth 7.10% -11.00% -53.97% -18.01% - Investors’ Ratio Analysis There are two basic ratios that have been computed in order to judge the performance of the company with respect to the equity investors. These two ratios are earning per share and dividend