Procurement in Project Management Essay -- selection process of supplie

Procurement in the main stream of the business world is to ensure organizations has the proper necessities for the selections process of the suppliers. Procurements within an organization helps to develop the right tools necessary when selecting and maintaining performance criteria, speciation’s and defines the terms and conditions in an organization. As set forth by the company the procurement area of the company conveys and develops the necessary values and mission with an in organization. In looking further into the importance of procurements we can determine the alternative methods to procurement, the methods necessary to keep procurement in order and the overall value of procurement with in management project. Procurement within a project can help organizations create and develop the right elements necessary to obtaining goods and services. In which, allows organization to help streamline the buying process, while making sure the good and services adhere with the market conditions at the present time. As stated by Sollish and Semanik (2012) â€Å"Supply and demand continually drive process up and down. As economic conditions change, demand increases or declines, generating shortages or excesses in supply or decreased demand (or combinations) generally lead to reduced prices.† Understanding the market gives the organization the knowledge necessary to making the right buying decisions. Ultimately, the organization has the buying power to take advantage of reduces prices within the markets. Also, gives the organizations the ability to negotiate prices with the suppliers to reduce or maintain cost. Having the right procurement process can thoroughly examine and define the requirements and understand the company objectives and underst... ...ion even though risk might apply. All in all, procurement is an important part of any organization it gives the organization the necessary factors to help gain the knowledge of market conditions, competition and the overall essential conditions to keep an organization in line with the companies mission, vision and the overall objectives of an organizations wish to obtain. Learning and gaining knowledge to help avoid mistakes in executed project management. Works Cited Heaton, B. (2012).Transforming Procurement: Will iPads Replace Binders?. Retrieved http://www.governing.com/blogs/view/gov-will-ipads-replace-binders.html Kumar, A. (2013).Apple’s Procurement Strategy. Retrieved http://spendmatters.com/2013/06/04/apples-procurement-strategy/ Sollish, F.B., & Semanik, J. (2012).The procurement and supply manager’s desk reference. Hoboken, NJ: JohnWiley & Sons, Inc.

Example of Six-Step Decision Plan

Rainier Joseph S. Viacrucis. MBA-1 Managerial Decision Making Using the six-step Decision-Making process: 1. Identifying the Problem and its details: a. A teenager is asking his/her parents to buy a high-end gadget that is the trend/must-have of his/her generation (ex. I-phone or I-pad) as a present for his/her birthday b. The teenager is given an allowance of 200 pesos per school day. c. The family is living on a budget, and is cutting its cost – the parents do not want to spend beyond the allowance of the teenager. d. There are possible part-time jobs available though there are no known detailed facts on them. TASK: Help the parents decide on the best solution to the situation/ what to do in the situation. 2. Developing Possible Alternatives: a. Buy Gadget – Buy the gadget immediately; since it is the birthday of their child; he/she will only be a child once in a lifetime, this will show that you really care about him/her. b. Reward System – Negotiation of a reward system for better grades or exam results. The exams results or better grades must be worth the reward. . Buy Gadget Substitute – Parents can by a substitute of the high-end gadget; which may look like the real thing or have the same functionality with the popular one but with a much lower price. d. Garage sale proceeds – The parent and teenager can agree to sell old items of the teenager via â€Å"Garage Sale† and the proceeds of the endeavor will be used to buy the gadget the teenager wants. e. Part-T ime Job – The teenager can opt to do a part-time job. It may take time to gather up the money needed to buy the gadget. f. Installment Payment of the Gadget – The parents can buy the gadget via â€Å"installment basis† and will cut-off the allowance for a significant amount which will be used to pay/help pay the monthly installment. g. Matching Savings (50/50 savings) – The parent will match the amount of savings per day of the teenager and will deposit the amount to the bank for safekeeping, while the teenager can have the passbook and have a joint signatory with his/her parent. h. Payment by Service – in-house part-time job of the teenager. . Don’t Buy The Gadget – Let the teenager understand that you are living on a budget, and he/she must do his/her part. Make him/her see that the gadget he/she wants to buy is unnecessary. 3. Evaluating the Possible Alternatives: a. Buy Gadget – â€Å"We’ll buy it! Happy birthday†¦ we love you! † i. Positive: The parents can make the teenager know that they care for him/her. ii. Negative: The gesture will just spoil the teenager; he/she will not know the value of money/the gadget bought. iii. Negative: The Family is on a budget; expenses should only be on very necessary items – the gadget is more of a luxury the family can’t afford in this day and age. b. Reward System – â€Å"Good Job! Here’s your Reward! † i. Positive: The teenager will give additional effort in his/her studies and other activities. ii. Positive: The teenager will value more the gadget, since he/she worked hard in studying or do well in other activities to get it. iii. Positive: The System will encourage good behavior and more productive activities. iv. Negative: What if there is no reward? The reward will be the motivation of the teenager and this will complicate relationships, especially when the parent can’t deliver the assumed reward. v. Negative: could foster an unhealthy reliance on adult opinion instead of forming their own because they are constantly looking for reaffirmation or approval via an adult mandated award system. c. Buy Gadget Substitute – â€Å"Here†¦ It has the same features, but it’s more practical†¦Ã¢â‚¬  i. Positive: If the Teenager can well understand the situation of the family-being on budget; he/she will appreciate that he/she was still bought a gadget of the similar functions. i. Positive: The teenager will know the value of money. iii. Positive: the teenager will learn to be content on simpler things. iv. Negative: since the teenager knows that the gadget is cheaper, he/she will not value/take care the gadget. v. Negative: the teenager may become disappointed that he/she is only given a substitute of the one he/she wants. d. Garage Sale Proceeds – â€Å"To buy what you want, you must sell what you don’t need. † i. Positive: The teenager will value the object, since he lost something he had in order to get it. i. Positive: The teenager’s skill in selling items will be exercised – he is practicing to be a new entrepreneur. iii. Positive: The teenager’s room will be more in order. iv. Negative: What if the teenager’s want is not moral/not good? – He/she will sell what he/she has just to get it. Even worse, he/she may sell all the items in your house. v. Negative: Sense of Sentimental value for things will not be recognized by the teenager. e. Part-time job – â€Å"If you really want it, you must work for it. † i. Positive: It gives the sense of independence to the teenager. ii. Positive: The teenager will learn the skills of Time Management. iii. Positive: The teenager will have his/her own source of income. iv. Positive: He/she will learn the value of money – he/she will learn that it is not easy to obtain/earn it. v. Negative: It will be hard for the teenager to focus on his/her studies. vi. Negative: he/she will be tempted to drop out of school, since he/she has already started to earn money. vii. Negative: He/she will be stressed in handling both schools and work. . Installment payment of Gadget – â€Å"You’ll pay for it over a period of time with part of your allowance. † i. Positive: You can put it in your budget. Instead of paying the full amount, you can pay for it over the period of time. ii. Positive: Some networks/Company offers bundles including their service (Post Paid plans of Networks) iii. Positive: The teenager will learn how to budget his finances . iv. Negative: The interest is high when you pay for an item in an installment basis. v. Negative: The teenager may learn of other ways to earn money (which may not be good) – to compensate for the cut in allowance. g. Matching savings – â€Å"I’ll match what you save, so we can buy it. † i. Positive: It gives a sense of partnership between the teenager and the parents. ii. Positive: It teaches the teenager the value of savings. iii. Negative: He/she will be more eager to save; he/she may sacrifice his/her basic needs just to buy the item. iv. Negative: He/she may not exert more effort to extra-curricular activities which could enhance his skills and knowledge. . Negative: Since the teenager is saving, He/she may not mingle more with friends who could hurt the development of his/her social skills. h. Payment by service – â€Å"I’ll buy it, but you’ll have to do this†¦. † i. Positive: The teenager will learn that you need to do something before you can have something. ii. Positive: The teenager will learn how to be patient. iii. Positive: Teenager will learn the basic household skills which are very important in the future. iv. Negative: The teenager will not do anything inside the house if not paid/rewarded of some kind. . Negative: There will be no sense of responsibility for the child – since he/she will do the household chores for a price. i. Don’t Buy The Gadget – â€Å"We don’t need it, we must buy only necessary things† i. Positive: If the teenager will understand that they are in a budget – he/she will learn the value of thriftiness and buying only the necessary things. ii. Positive: The Money will be used to buy more necessary items. iii. Negative: If the teenager will not understand – the teenager may be disappointed and could ruin their relationship 4. Recommendation of An alternative (or Make the Decision) My recommendation is more of a combination of different Alternatives stated above. First is having a conversation with the teenager, it is very necessary to make him understand the situation – the family is on a budget. Second, it is also essential that the teenager has a part in buying the gadget – he/she must have a contribution, preferably money he/she earned. Third, the deal must be designed in a way that establishes more trust between the parents and the teenager, as well as prepare for his/her future. My recommendation is the Matching Savings Alternative combined with Part-time alternative – this motivates the teenager, as well as teaches him to save and to budget his finances. Having the Matching savings alternative minimizes the pressure to the teenager in his work, while the Part-time alternative minimizes the pressure of saving and sacrificing the school day allowance. This combination establishes a partnership between them, as well as teaching the teenager the important mindset and skills he will need in the future. Also this kind of joint venture could work for any other project and/or for his future needs. . What is required for the Alternative (Implementation of the Decision) To implement the combination, you must help the teenager find a part-time job, one that does not conflict with his studies – weekends. You will also want to open an account with the bank; some banks have these kinds of accounts (ex. WISE account of RCBC)- Joint account, while giving the custody of the passbook to the teenager – as a sign of trust. 6. How to Monitor Solution/What are the possible effects of the Alternative (Monitor you solution): It is very important to monitor/tract the progress of the solution, especially for this combination. The monitoring control could either be the weekly or monthly deposit of the Matching savings alternative – check to see whether the money is already enough; this recurring activity could also serve as a bonding moment between the parents and the teenager which could deepen the relationship. It is also very essential that the parent will motivate the teenager from time to time especially with him/her having a part-time job – on the road to his/her independence.

Dentist Career Essay - 690 Words

Dentist Career Dentistry is a career in healthcare that works in the mouth. Dentists are trained to diagnose, prevent, and treat various problems associated with teeth and mouth tissue. It is the job of the dentist to be fully aware of different types of dental problems and be able to recognize those problems through analyzing x-rays, as well as visual variation between individual mouths. The primary focus of dental care is to teach prevention to its patients of how to prevent gum disease, tooth loss, etc. It is the job of the dentist to closely monitor the mouth using various instruments and to properly suggest treatment depending on the diagnosis. All dentists go through at least eight years of schooling after high school and earn†¦show more content†¦Dentistry is broken down into several fields of specialization. Orthodontics deals with the straightening of the teeth and perfecting the bite. Periodontics deals with gum disease and bone loss. Endodontics which specializes in root canals. Oral and maxillofacial surgery which deals with larger surgeries of the mouth and jaw. prosthodontics which specializes in replacing missing teeth with permanent fixtures, and pediodontics which specializes in children’s dentistry. Once out of school, dentists will often shadow a dentist already in practice. Whether this means becoming a partner in the practice or just learning the tricks of the trade, it is not uncommon for an already practicing dentist to become a mentor to a recent graduate. For those recent graduates that are not ready to open their own practice, healthcare networks often offer dental jobs in smaller cities and the Air Force offers dental jobs all over the United States. It was discovered that dentists generally work on an average of four to five days a week. Dentists work considerably more hours when their practice is newly developing. Almost all dentists work in a private dental practice with a small number of staff including hygienists, assistants, and front office personnel. Dentists are expected to provide insurance and benefits to all of their employees. In the year 2002 dentists held about 152,000 jobs . This number continues to increase as the demand for dental careShow MoreRelatedAnalyses of a Career as a Dentist1987 Words   |  8 PagesDentists are often thought of as people to be feared. Most people try to put off going to the dentist until their teeth hurt so much that they have no choice but to visit the feared dental office. Waiting for pain in the mouth or gums before visiting a dentist is one of the worst things a person can do. Paul J. Flaer, et al. observes, â€Å"Fear in approaching the dental visit may be generated by psychosocial factors such as history of bad experience(s) at the dentist and by the effect of poor representationsRead MoreEssay on The Career of a Dentist950 Words   |  4 Pa ges Dentists have been around for thousands of years. Dentistry got its start in the Indus Valley of India And Pakistan. â€Å"The earliest history of treating tooth related problems goes all the way back to 7000 BC, where the Indus Valley Civilization shows evidence of treating the mouth for tooth decay. The first method of treatment was bow drills, which were ancient primitive tools used for woodworking and treating tooth problems.† (http://www.todayifoundout.com/index.php/2012/12/the-history-of-dentistry/)paragrah1Read MoreThe Life Of A Dentist1889 Words   |  8 PagesThe Life of a Dentist Growing up, people assumed many things about the person I would end up being. Some people thought I was good at dancing and would end up being a performer or an actress. Others saw me arguing with my older sibling and thought I would be a great lawyer. Although many people held different expectations of me that changed over time, my father always hoped and encouraged me to be a doctor. I remember him telling his friends that his biggest dream is to see me become a doctor. SinceRead MoreCareer Path : My Dental Aspirations And I Become A Dentist861 Words   |  4 Pagesindividual. Throughout this experience, I was fortunate enough to witness how a caring professional can make the difference in a patient’s care. Those moments galvanized my dental aspirations and I considered dentistry as a prospective career path. I aspired to be a dentist to not only help others and attempt to alleviate their pain, but also to show them compassion and kindness at a vulnerable time in their life . I am very fortunate to come from a supportive and loving family of hard working individualsRead MoreA Career in Dentistry Essay920 Words   |  4 PagesA career in Dentistry is my main goal in life. I want to pursue a career in Dentistry for many reasons. Being a Dentist, you get to aid people and make them feel better about themselves. I have the personal qualities to be a Dentist and know that I would be great at the job. I would look forward to going to work every day. Dentistry contains many tools and oral practices that I am not familiar with. It would be awesome to get to be familiar with the lifestyle of a Dentist. Someday, I might even beRead MoreDentistry : The Career I ve Chosen Is General Dentistry1672 Words   |  7 PagesDentistry The career I’ve chosen is General Dentistry. I’m interested in this career because I’d like to have my own practice, this is so I can be my own boss. I also am very interested with human anatomy and the skeletal system. Some things I’m going to cover about General Dentistry are the following: tools and things used by dentists, career requirements and qualifications, working conditions, salary, typical days, my interests in this career, and a personal interview. Tools and Things used byRead MoreDentist Research Paper761 Words   |  4 PagesDentist Dentistry is the profession in which the dentist helps with the prevention and treatment of mouth diseases and malfunctions. The dentist performs many duties within their profession. Some duties the dentist may do on a daily basis are: diagnose oral problems, fill cavities, write prescriptions, perform root canals, treat gum disease, examining radiographs, removing root decay, and providing instruction to the patients along with many other duties. Becoming a dentist allows for many differentRead MoreDentistry : The Greatest Of Those Who Deal With Patients Teeth, Gums, And Related Parts Of The1361 Words   |  6 PagesDentistry â€Å"Dentist diagnose and treat problems with patients teeth, gums, and related parts of the mouth† (â€Å"Summary†). They also advise the right diets that could help your oral health and give you tips on how to take care of your teeth and gums to help prevent cavities along with other problems that may occur. The latest recorded information about this profession goes all the way back to 2600 BC. The death of an Egyptian scribe, Hesy-Re, led to his tomb having the title â€Å"The greatest of thoseRead MoreThe Salary For A Dentist996 Words   |  4 Pagesthe salary for a dentist differs from one dentist to another. Dentists who own their own practices can expect to make anywhere from $150,000 a year to possibly even $164,000 or higher over time (Dentists: Salary). Over time pay for dentists in expected to go up since it has been on the rise for the past decade or longer. Dentists in their first year, naturally, will not make the same amount of money as an experien ced practicing dentist will (Dentists: Salary). Notably, dentists make much more thanRead MoreWhy I Want to Study Dentistry1349 Words   |  6 Pageslike to focus on a career that is enjoyable, productive, creative and simultaneously allows you to work for the betterment of humanity. According to me, one of the most productive and fulfilling career that provides you various opportunities to help and promote humanity is that of a dentist. Dentistry gains magnificent attention in last some decades and so a huge percentage of people around the world and from US are devoting their life to this noble profession. Becoming a dentist requires a lot of

Blackbeard the Pirate Myths, Truths and Legends

Edward Teach (1680? - 1718), better known as Blackbeard, was a legendary pirate who worked the Caribbean and the coast of Mexico and Eastern North America. He is just as well known today as he was during his heyday some three hundred years ago: he is arguably the most famous pirate ever to set sail. There are many legends, myths and tall tales concerning Blackbeard, the pirate. Are any of them true? 1. Blackbeard Hid Buried Treasure Somewhere Sorry. This legend persists anywhere Blackbeard ever spent significant time, such as North Carolina or New Providence. In reality, pirates rarely (if ever) buried treasure. The myth comes from the classic story Treasure Island, which incidentally features a pirate character named Israel Hands, who was Blackbeards real-life boatswain. Also, much of the loot that Blackbeard took consisted of things like barrels of sugar and cocoa which would be worthless today had he buried them. 2. Blackbeard’s Dead Body Swam Around the Ship Three Times Unlikely. This is another persistent Blackbeard legend. What is known for certain is that Blackbeard died in battle on November 22, 1718, and his head was cut off so that it could be used to get a bounty. Lieutenant Robert Maynard, the man who hunted Blackbeard down, does not report that the body swam around the ship three times after it was thrown into the water, and neither did anyone else who was at the scene. It is interesting to note, however, that Blackbeard sustained no less than five gunshot wounds and twenty sword cuts before finally dropping dead, so who knows? If anyone could swim around the ship three times after death, it would be Blackbeard. 3. Blackbeard Would Light His Hair on Fire Before Battle Sort of. Blackbeard wore his black beard and hair very long, but he never actually lit them on fire. He would put little candles or pieces of a fuse in his hair and light those. They would give off smoke, giving the pirate a fearsome, demonic appearance. In battle, this intimidation worked: his foes were terrified of him. Blackbeards flag was scary, too: it featured a skeleton stabbing a red heart with a spear. 4. Blackbeard Was the Most Successful Pirate Ever Nope. Blackbeard wasnt even the most successful pirate of his generation: that distinction would go to Bartholomew Black Bart Roberts (1682-1722) who captured hundreds of vessels and operated a large fleet of pirate ships. Thats not to say that Blackbeard wasnt successful: he had a very good run from 1717-1718 when he operated the 40-gun Queen Annes Revenge. Blackbeard was certainly greatly feared by sailors and merchantmen. 5. Blackbeard Retired From Piracy and Lived as a Civilian for a While Mostly true. In mid-1718 Blackbeard intentionally ran his ship, the Queen Annes Revenge, into a sandbar, effectively destroying it. He went with some 20 men to see Charles Eden, the Governor of North Carolina and accepted a pardon. For a while, Blackbeard lived there as an average citizen. But it didnt take him long to take up piracy again. This time, he went into cahoots with Eden, sharing the loot in exchange for protection. No one knows if that was Blackbeards plan all along or if he wanted to go straight but simply couldnt resist a return to piracy. 6. Blackbeard Left Behind a Journal of His Crimes This one is not true. Its a common rumor, because of Captain Charles Johnson, who wrote about piracy around the time Blackbeard was alive, who cited from a journal allegedly belonging to the pirate. Other than Johnsons account, there is no evidence of any journal. Lieutenant Maynard and his men did not mention one, and no such book has ever surfaced. Captain Johnson had a flair for the dramatic, and most likely he just made up journal entries when it suited his needs. Sources Cordingly, David. Under the Black Flag New York: Random House Trade Paperbacks, 1996Defoe, Daniel. A General History of the Pyrates. Edited by Manuel Schonhorn. Mineola: Dover Publications, 1972/1999.Konstam, Angus. The World Atlas of Pirates. Guilford: the Lyons Press, 2009Woodard, Colin. The Republic of Pirates: Being the True and Surprising Story of the Caribbean Pirates and the Man Who Brought Them Down. Mariner Books, 2008.

The Medium Of Art By Leonardo Da Vinci s Mona Lisa

Of all the creative mediums in existence, of which there are a plethora to discover, the medium of Art, although recognized by most as a legitimate creative medium, is one of the most controversial. However, in the subject of practical artwork, sculptures, paintings, and performance artworks, the idea of a definitive artwork is almost non-existent. Although there are artworks that exist, such as Leonardo da Vinci’s Mona Lisa, which are known seemingly universally (Torov, 2011), there are few critics or viewers who can explain just what exactly constitutes it as a good artwork. This investigation appears to become universal to many other artworks, an argument that arises between technical mastery, motives, and meaning, if any at all. That is to say that interpretation battles against visual astonishment. However, although the visuals are by far the most striking part of almost any artwork, the first thing that most look for beyond the visual elements is the story being told within the visuals. It is for this reason that many war-time, or significant event paintings are remembered; it’s well known, and is a story that is being told constantly through all mediums, within the realm of out, and outside that same realm. Untitled (Perfect Lovers) by Felix Gonzalez Torres Felix Gonzlaez Torres is known throughout the art world as being one of those most creative and unique artist, particularly for his instalment artworks, minimalistic style and the ability to create what heShow MoreRelatedDa Vinci : A Genius And The Definition Of A Renaissance Man1326 Words   |  6 PagesDa Vinci has been called a genius and the definition of a Renaissance man. â€Å"Renaissance man† as â€Å"A man who has broad intellectual interests and is accomplished in areas of both the arts and the sciences.† This is a term still used today, and its derivation is obvious. Many people in the Fourteenth to Sixteenth Centuries were skillful artists and scientists, but Leonardo da Vinci was the quintessential Renaissance man†. His talents without a doubt extended far beyond his artistic works. Like manyRead MoreA Woman Of Half Body Portrait By Mona Lisa Essay1378 Words   |  6 Pagesmaking this painting an enduring record of Leonardo’s vision.Mona Lis a is a figure of a woman, dressed in the fashion of her days known as Florentine fashion. The painting represents Lisa Del Giocondo a wife to a Florentine silk merchant who was wealthy. Therefore her dressing represents class and wealth. Her dressing signify magnificent enigma and mystery especially the dark silk swathes. The Florentine fashion worn by Mona Lisa presents a challenge to the modern fashion design some wishing to replicateRead MoreLeonardo Da Vinci, Painting And Modeling1407 Words   |  6 PagesLeonardo da Vinci was born on April 15, 1452 in the town of Vinci, Italy. He was the son of Messer Piero Fruosino di Antonio da Vinci, a Florentine notary, and Caterina da Vinci. His full name, Leonardo di ser Piero da Vinci, means Leonardo son of Messer Piero of Vinci. Leonardo’s youth did not get documented until 1466, when he was 14 years old. He became the apprentice to one of the most successful artist of his day, Andrea di Crone, who is also known as Verrocchio. H e learn many skills from thisRead MoreComparing The Girl With A Pearl Earring And Mona Lisa1332 Words   |  6 PagesComparison of the Girl with a Pearl Earring and Mona Lisa   The Girl with a Pearl Earring and Mona Lisa are the two most famous portraits ever painted  (Courtauld 36). The girl with a pearl earring follows the Mona Lisa painting, which is considered as the most famous painting. The girl with a pearl earring, by Johannes Vermeer, and the Mona Lisa by Leonardo da Vinci were created during the same historical time. Historians believe that Leonardo da Vinci created his art piece between 1503 and 1506. The girlRead MoreEvolution Of Human Thought And Emotion2187 Words   |  9 Pageshuman thought and emotion, the evolution of art. Art was created by prehistoric human beings on cave walls using charcoals from the fires they needed for survival; from simple necessity came what was purely aesthetically pleasing and stimulating. Throughout the thousands of years of human existence, art has remained close to the human soul, and engrained in its society. Although, for as long as art has been celebrated, the question of what exactly art is has been asked by many, and defined time andRead MoreEssay about The Artwork of Leonardo Da Vinci2416 Words   |  10 PagesThe Artwork of Leonardo Da Vinci â€Å"Sometimes the heavens endow a single individual with such beauty, grace and abilities that, whatever he does, he leaves all other men far behind, thus demonstrating that his genius is a gift of god and not an acquirement of human art.† (1) Giorgio Vasari. On April 15, 1452, Leonardo Da Vinci was born as an illegitimate child. Even with this setback, he was soon educated and his passion for art began to flourish. Growing up through the years in one of theRead MoreRenaissance Art : A New System Of Astronomy, Exploration Of The Natural World1217 Words   |  5 PagesRenaissance Art is a large portion of the art we look at and get inspired by today, but where and who did it come from? Many things were developed such as the printing press, a new system of astronomy, exploration of continents. Also accompanied by the advancements in philosophy, literature, and especially art. Painting, sculptures, and decorative arts identified with the Renaissance emerged from Italy in the 14th century. Renaissance art is an expression of Greco-Roman traditions, is captured theRead More Postmodernism Essay767 Words   |  4 Pagespost-modernism has to do with the reawakening of artists in every field to public responsibilities of art. Once again art is being regarded as an act of communication.† (Wilkin, Schultz, Linduff, â€Å"Art Past Art Present, p.579) The postmodern era emancipated its artists from old traditional barriers that bounded them. The belief that everything could be used to produce art was used to the fullest. For instance, mediums like photography, computer animations, and movies. Even non-precise metals like steel, aluminumRead MoreHello My Name Is Austin Mcgrath And I Am Going To Talk2089 Words   |  9 PagesHello my name is Austin McGrath and i am going to talk about the different perspectives that leonardo da vinci s and Tintoretto took when creating there different versions of the last supper and as to why they did . Leonardo da vinci s spent 3 years creating his version of the last supper, he started in 1495 and finished it in 1498, and 100 years later Jacopo Tintoretto spent 2 years creating his version he started in 1592 and finished it in 1594. Both paintings depict the biblical story of the Read MoreThe Renaissance Of The Middle Ages1991 Words   |  8 Pagesa cultural rebirth because through these centuries the entire world of art and literature was changed forever. This term also was used to describe the change in learning, which was caused by the discovery of old Greek and Latin manuscripts that had been hidden during the Middle Ages. This allowed for artist of the Renaissance to create a whole new version of themselves and everything around them. The Renaissance transformed art and literature in several ways, starting with the idea of Humanism. Humanism

Business Income and Capital Gains

Question: Discuss about the Business Income and Capital Gains. Answer: Introduction: Income tax act of any country plays an important role in revenue collection.It is leviable only on the income earned by individual taxpayers in the form of theirpersonal earnings,business incomeandcapital gains. In Australia, the slab rate of income received by individuals is in between 0% to 45%. Moreover, the revenue generated by the companies while income derived was under 30% tax. It was identified from the case, that Hilary was a trekker. The woman never wrote her story prior to that. For evaluating such case, the case will be described in consideration to the description of the matter of Brent vs FCT 1971 which is identical to the similar case. Biggs wife went for a newspaper interview and provided some photographs to them that made her earn some money. The major concern was to evaluate whether the payment offered to her within agreement will be considered as income or not. It can be deemed that payment made to her must be considered as an income for the reason that she retendered a companys services. Income tax act within sec 36 (a) certain work completed by individual or services for an entity might be considered as that persons income. Despite the fact that services were completed turn out to e an aspect of business. Considering the agreement clauses, selling of right to publish was agreed in her biography. However, the story might appear to be manuscript that was agreed by appellant considered in several distinct clauses such as 3, 1, 8 clauses and so on of the agreement. The stories, which were published in the newspaper about her life, were not written by her moreover, she did not dictate each word of the story. The journalists Held responsible for preparing notes constructed her story. The woman just offered the ideas of the story. The acts clause 6 needed the woman to make accessible all documents and pictures that she has along with her that is associated with the deeds subject matter. On the other hand, clause 8 of the agreement had the appellants undertaking that she cannot discuss the matter with other people to the agreements subject matter; moreover, she is not allowed to attain any newspaper conferences on several subjects within sixty days of manuscript signing. The apparent earned the amount payable under the conduct by availing interview time. It was deemed that information that she provided to media served as her possessed asset. At the time she revealed such information to the journalists it does not remain a secret for her, hence, her assets was no longer available to her and the money, which she received from the company in lieu of her services, was of capital nature and cannot be termed as an income under the Income Tax Act. Under section 17 of such Act, tax on income can be charged only on income taxable that is generated over the year by an individual. Such act does not consider defining the term derived. Based on this act a companys payment to her for services happens to be her income. It is evident from the case that, the individual lent an amount of 40,000 dollars to his family for housing loan payment. Based on agreement, family is entitled to return 50,000 dollars within five years. For evaluating this scenario, it is vital to focus on facts from the Riches v Westnister Bank, 1947 case. Based on law of Australia, tax holding is provided with 10% rate based on Part 3, 11A Division of Assessment Act of Income Tax, 1936. It is vital to realize the interest importance prior drawing conclusion. The general interest aspect is that it can be deemed as payment that remains due for the reason that the consumer do not have at amount at the due date time. It can be considered as profit that he might face if he is bound to utilize the amount or the loss that he experienced, as they had not employed that amount. The general consideration can be entitled to depreciation compensation. The assessable income aspect encompasses the following: Transaction based income other than the basic business course. Earned income or received by commission Dividends received on investments in business Income gathered in outer Australia through a tax resident present in the nation Business investments based interest whether acquired or pre-received Lease payments income and expenses on hire Selling profit gained from some capital assets such as buildings or land Rental property income owned by companies Royalty income at the time several companies employ the companys patent Subsides received from a companys business Within such circumstances, income gathered by individual from his family is deemed an income aspect and deemed as income taxable. Concerning the act, property income despite individual excretion income should be treated as individual income. Riches v Westminister Bank Ltd case decided interest is compensating to an owner for the lost opportunity to use an asset. In such scenario, the court indicated that an individual was liable to avail a deduction about borrowing money. The case study indicated that, the son considered interest payment and related amount within decided time of two years. Considering such scenario, it is gathered that within his books, the individual has maintained 5% interest rate and eliminated his dues totally through a cheque. Based on law, different entries should be prepared so that calculation of income is possible reliably and easily. Such transaction might influence the parents obtainable income, the amount that they will attain from their son should be dep icted separately, and proper money on interest should be indicated. The individual charged 20% interest from his son for overall five years. However, hi son cleared all due within two years period and important changes are to be done by the two parties. Before discussing the given case, it is necessary to explain tax on capital gain. In accordance to the law of Australia, tax on capital might be calculated based on difference between asset cost and related amount that an individual gains at the time of disposing them. This is deemed to be an aspect of Income Tax Act. In the occasion of loss of capital, an individual might not be able to claim the desired amount and can utilize such amount for decreasing its capital gain within the fiscal year. If loss on capital increases considerably, then such amount can be forwarded to the upcoming years. A companys assets include residential buildings, motor card employed private use and similar products might be CGT exempted. In consideration to law of Australia, CGT is deemed to be applicable just on global Australian residents. There exists three distinct ways for capital gain calculation mentioned under: Method of Discount: It is applicable on those properties only which were held by an assessee for more than a period of 1 year. The benefit of using this method is to reduce the capital gain of an individual by two ways: Half of the income of an individual or trusts i.e. 50% is allowed for discount as per CGT regimes. If an individual has superannuation funds than 33.33% of his income is allowed for exemption. It is not available for the corporate or companies. The method of calculating is to deduct cost base and capital loss from capital proceeds than deduct the applied discount percentage. Indexation method: It is applicable for those assets, which was held or acquired by an individual before 21 September 1999 for a period of more than 1 year. The benefit of applying this method is to increase the amount of cost base of an individual hrough implementation of factor of indexation, which is relied on index of customer prices. To calculate the income based on a method an individual should employ indexation aspects those are useful and deduct the indexed cost base. Other Techniques: It is applicable for those assets, which were held by an individual for a period, which is less than 1 year and before the CGT event. The method of calculating income based on this method is by deducting the cost base from capital proceeds of an individual. There are few income categories those remain exempted in such category and are mentioned below: Some assets those are purchased 20 September in the year 1985, deemed as asset before CGT. The property used by the taxpayer as his domestic place of stay and within first two hectares of property utilized in gardening. Purchased collectibles worth 500 dollars, which encompass precious stones, art, stamps and many more for individual purposes Cars along with certain type of vehicles including motorbikes that has a carrying capability of 1 tonne or decreased amount than 9 passengers. Compensation caused due to occupational hazard or for individual sickness or injury Notes as well as bonds sold at a discount rate and traditional securities. Gains or losses occurred generate from simple tax on income. Payments within specific authorized government schemes Considering this case study of Scott, it was gathered that the person acquitted land in the year 1980 and created a building on it on the year 1986. Overall lands value is calculated by adding dollar 90,000 with dollar 60,000, i.e., dollar 1,50,000. The property then was employed for renting purposes to the owner. The person sold property for 8,00,000 dollars in an auction. Scott attained dollar 6,50,000 for attaining gain on capital. This indicates he is not liable to claim exemption on CGT for the property was employed in renting. For this reason, the entire amount is chargeable under capital gains heading. In situation where Scott sold such property to his family member then considering the act h can attain exceptions on the gift tax basis. Entire amount is liable to get income exemptions. In a situation where the property owner was the organization that is linked with renting and hiring business then the entire gained amount might be set off with the business value under business profit and gain head. In such circumstances, the individual cannot gain any exemption under gain on capital head. Conclusion: To conclude it can be said that the Australian system of Tax was one of the most complex system of collecting revenue in the world. It contains near about 125 taxes, which includes commonwealth taxes. Different organizations have been set up to ensure the integrity of taxation system of the country. References: Burkhauser, R.V., Hahn, M.H. and Wilkins, R., 2015. Measuring top incomes using tax record data: A cautionary tale from Australia.The Journal of Economic Inequality,13(2), pp.181-205. Faccio, M. and Xu, J., 2015. Taxes and capital structure.Journal of Financial and Quantitative Analysis,50(03), pp.277-300. Gale, W.G. and Samwick, A.A., 2014. Effects of income tax changes on economic growth.Available at SSRN 2494468. Harding, M., 2013. Taxation of Dividend, Interest, and Capital Gain Income.

The Ministers Black Veil Essay Example For Students

The Ministers Black Veil Essay The Ministers Black VeilFather Hooper wears a black veil over his eyes and nose, never revealingthe reason of the veil to a soul. At times the sexton would insinuate a reasonbehind the veil but never revealing the answer to the mystery. Father Hooper isa very imaginative and creative individual to innovate the idea of wearing ablack veil to express an idea. He is angry towards the response of the veil tohis parishioners, since they treated him differently with the veil compared towithout it. Most of the parishioners are clueless to why he wears it and sometry to imagine why he would ever want to wear it, but there are only ideas andarguments to why a minister would wear it. We will write a custom essay on The Ministers Black Veil specifically for you for only $16.38 $13.9/page Order now One of the reasons behind the veil might be secret sin. Father Hoopermight have committed a very bad sin which he does not want to unveil to anyone. Instead of not telling anyone the sin he shows it clearly on his face with theaid of a black veil. This black veil might relieve tension in his body that hasaccumulated due to his sin. In the story, Father Hooper says that everyonewears a black veil, meaning that everyone commits secret sins without revealingthem to anyone. If you do not express your secret sin you would be keepingstress and tension locked up inside you, but if you express it, the stress andtension will be relieved. Another reason behind the veil might be sorrow. Deep, dark sorrow forsomeone or yourself might be expressed and shown with the help of a black veil. By wearing the black veil for eternity, you are exhibiting great love and sorrowfor someone or yourself. If the black veil was removed, the sorrow and lovewould be dead. This might be how Reverend Hooper expressed the veil. Father Hooper might have also used the veil as a friend and a device totest Elizabeths love for him. The black veil might have given Mr. Hooperfriendship if he was lonely and without a mate. He could test Elizabeth to seeif an object would come between them and their love. The Reverend told her ifshe was his, the black veil would then be removed. If she was not his, theblack veil would stay on his face and be his friend for eternity. The blackveil came between Elizabeth and Father Hooper, causing him to wear it foreternity. The author Nathaniel Hawthorne shows how one symbol can be interpretedinto many ways and lead to many sub-topics. He does not give the reason behindthe black veil because he wants the readers to use their imagination and thinkof their own reason behind the veil. Although Father Hooper never answered themystery of the veil, there are many theories behind it. I could not think ofone theory for the black veil without thinking of others, therefore I listed allthree of my theories. English