Wednesday, December 25, 2019

Biography of Paul Cezanne, French Post-Impressionist

French artist Paul Cezanne (1839-1906) was one of the most important post-impressionist painters. His work created bridges between nineteenth century impressionism and the development of key movements in twentieth-century art. He was particularly important as a precursor to cubism. Fast Facts: Paul Cezanne Occupation: PainterStyle: Post-impressionismBorn: January 19, 1839 in Aix-en-Provence, FranceDied: October 22, 1906 in Aix-en-Provence, FranceParents: Louis Auguste Cezanne and Anne Elisabeth Honorine AubertSpouse: Marie-Hortense FiquetChild: Paul CezanneSelected Works: The Bay of Marseille, Seen from LEstaque (1885), The Card Players (1892), Mont Sainte-Victoire (1902)Notable Quote: I owe you the truth in painting, and I will tell it to you. Early Life and Training Born and raised in the town of Aix-en-Provence in southern France, Paul Cezanne was the son of a wealthy banker. His father strongly encouraged him to follow the banking profession, but he rejected the suggestion. The decision was a source of conflict between the two, but the young artist received financial support from his father and eventually a sizable inheritance upon the elder Cezannes death in 1886. Self-Portrait (1881). Heritage Images / Getty Images While attending school in Aix, Paul Cezanne met and became close friends with the writer Emile Zola. They were part of a small group that referred to themselves as, The Inseparables. Against the wishes of his father, Paul Cezanne moved to Paris in 1861 and lived with Zola. Although he took evening drawing classes in 1859 in Aix, Cezanne was mostly a self-taught artist. He applied to enter the Ecole des Beaux-Arts twice but was turned down by the admissions jury. Instead of formal art education, Cezanne visited the Louvre Museum and copied works by masters like Michelangelo and Titian. He also attended the Academie Suisse, a studio that allowed young art students to draw from live models for a small membership fee. There, Cezanne met fellow struggling artists Camille Pissarro, Claude Monet, and Auguste Renoir who would soon become key figures in the development of impressionism. Impressionism In 1870, Paul Cezannes early style of painting changed dramatically. Two key influences were his move to LEstaque in southern France and his friendship with Camille Pissaro. Cezannes work became mostly landscapes featuring lighter brushstrokes and the vibrant colors of the sun-washed landscape. His style was closely allied to the impressionists. During the years in LEstaque, Cezanne understood that he should paint directly from nature. The Bay of Marseilles (1885). Corbis Historical / Getty Images Paul Cezanne exhibited in the first and third impressionist shows of the 1870s. However, the criticism of academic reviewers deeply disturbed him. He avoided the Parisian art scene for most of the following decade. Mature Period In the 1880s, Paul Cezanne took up a stable home in southern France with his mistress Hortense Fiquet. They married in 1886. Cezannes work began to separate from the principles of the impressionists. He was not interested in depicting a fleeting moment by focusing on changing light. Instead, he was more interested in the permanent architectural qualities of the landscapes he saw. He chose to make color and form the dominant elements of his paintings. Cezanne painted many views of the Bay of Marseilles from the village of LEstaque. It was one of his favorite views in all of France. The colors are vibrant, and the buildings are broken down into rigidly architectural shapes and forms. Cezannes break from the impressionists caused art critics to consider him one of the most prominent of post-impressionist painters. Always interested in a sense of permanence in the natural world, Cezanne created a series of paintings titled The Card Players around 1890. He believed the image of men playing cards had a timeless element. They would gather again and again to do the same thing oblivious to events in the surrounding world. The Card Players (1892). Corbis Historical / Getty Images Paul Cezanne studied the still life paintings of the Dutch and French Old Masters at the Louvre. Eventually, he developed his own style of painting still life using the sculptural, architectural approach he used in painting buildings in landscapes. Later Work Cezannes pleasing life in southern France came to an end in 1890 with a diabetes diagnosis. The disease would color the rest of his life, turning his personality darker and more reclusive. In his last years, he spent long periods of time alone, focusing on his painting and ignoring personal relationships. In 1895, Paul Cezanne visited the Bibemus Quarries near Mont Sainte-Victoire. The shapes he painted in landscapes featuring the mountain and the quarries inspired the later cubism movement. Cezannes last years included a strained relationship with his wife, Marie-Hortense. The death of the artists mother in 1895 increased the tension between husband and wife. Cezanne spent much of the time in his last years alone and disinherited his wife. He left all of his wealth to their son, Paul. In 1895 he also had his first one-man exhibition in Paris. Famed art dealer Ambroise Vollard set up the show, and it included more than one hundred paintings. Unfortunately, the general public largely ignored the show. The primary subject matter of Paul Cezannes work in his last years was Mont Sainte-Victoire and a series of paintings of bathers dancing and celebrating in a landscape. The last works featuring the bathers became more abstract and focused on form and color, like Cezannes landscape and still life paintings. Paul CÃ ©zanne (French, 1839-1906). The Large Bathers, 1906. Oil on canvas. 82 7/8 x 98 3/4 in. (210.5 x 250.8 cm). Purchased with the W. P. Wilstach Fund, 1937. Â © Philadelphia Museum of Art Paul Cezanne died on October 22, 1906, in his family home in Aix of complications from pneumonia. Transition to the 20th Century Cezanne was a critical transitional figure between the art world of the late 1800s and the new century. He deliberately broke from the impressionist focus on the nature of light to explore color and form of the objects he saw. He understood painting as something like an analytical science exploring the structure of his subjects. Following Cezannes innovations, fauvism, cubism, and expressionism, the movements that dominated the early twentieth-century avant-garde Parisian art scene, were concerned primarily with material subject matter instead of the transient impact of light. Still Life with Drape and Jug Decorated with Flowers (1895). Sergio Anelli / Getty Images Legacy As Paul Cezanne became more reclusive in his last years, his reputation as an innovative artist rose among young artists. Pablo Picasso was one of the new generation who considered Cezanne a masterful leading light in the art world. Cubism, in particular, owes a significant debt to Cezannes interest in the architectural forms in his landscapes. A 1907 retrospective of Cezannes work, a year after his death, finally focused acclaim on his importance to the development of twentieth-century art. The same year Pablo Picasso painted his landmark Demoiselles dAvignon clearly influenced by Cezannes paintings of bathers. Sources Danchev, Alex. Cezanne: A Life. Pantheon, 2012.Rewald, John. Cezanne: A Biography. Harry N. Abrams, 1986.

Tuesday, December 17, 2019

What Is Ruining America - 2145 Words

â€Å"What is Ruining America?† It is another typical New Year’s Eve in United States and most of America spends the night celebrating a new year with food, alcohol, and friends in an American tradition. Although New Year’s Eve is great night of fun most people know that the next day will just be the start of another year that will most likely go the same as the previous year. With this new year a lot of Americans will participate in another tradition by making a New Year’s resolution. For a significant number of Americans this resolution happens to deal with a huge problem in the United States, weight loss. People who take on this resolution will vow to eat better, work out more and take on more healthy habits, but in reality most people never make it to the goal they set and will most likely take the same exact vow the next year. It is no secret that obesity is a huge problem in the United States especially when it comes to children. 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Monday, December 9, 2019

Pro Diver Analysis of Financial Statement

Question: Discuss about thePro Diver Analysis of Financial Statement. Answer: Introduction The financial statement of a company represents the financial position and financial performance of the company. The financial statement includes income statement, balance sheet, cash flow statement and change in equity. The process of reviewing the financial statement for better decision making is referred to as the financial statement analysis. The analysis of financial statement is not only useful to management but is also helpful for creditors, investors and other regulatory authorities (Uechi et al. 2015). The financial statement is mainly useful for understanding trend and proportion analysis. There are two methods of financial statement analysis. The first one is horizontal and vertical analysis and the second one is ratio analysis. In this report, the financial statement of Pro Diver is analyzed using key financial ratios. The financial ratio is a method of comparing the financial and accounts and categories (Weil et al. 2013). These financial ratios are the most widely used tools for analyzing the financial statement because it is easily calculated and is easily understandable. In this report key ratios are computed in order to analyze the financial statement of Pro Diver. Financial Ratio Analysis Current Ratio The current ratio measures the ability of the company to pay off its short term debts with current assets. The current ratio is both the efficiency ratio and a liquidity ratio. It is an important ratio to measure the liquidity of the company (Vogel 2014). Current assets include cash and cash equivalents, marketable securities that can be easily converted to cash and inventories. The current ratio is calculated by dividing current asset with current liability. The formula is given below: Current Ratio= Current Assets / Current Liability The current ratio represents the companys current liability in terms of its current assets. A company with the higher current ratio is in a more favorable position than a company with lower current ratio. If the current ratio of the company is, 1 that represents that current assets is equal to current liability (Ozturk and Acaravci 2013). This means all the current liabilities can be paid of using the current assets. If the current ratio is, less than one this means that company does not have sufficient current assets to pay of its current liabilities. In this situation, the company will have to sell fixed assets in order to pay current liabilities (Healy and Palepu 2012). The current ratio less than one are unfavorable condition for any company. The current ratio more means that there are excess current assets after paying of the current liabilities. This is a favorable condition for any company. The most favorable current ratio is considered as two but it differs according to the v arious industries. In the given case, the current ratio of the Pro Divers is 1.29. This means that the company has enough current assets to pay of its current liability. The current ratio of the company is not very high therefore though the current ratio is favorable but the situation is not very encouraging. Debt Equity Ratio The debt equity ratio compares the total debt of the company with the total equity. This ratio shows the financing structure of the company. It is also referred to as the gearing ratio. It represents the proportion of financing to equity of the company. The debt equity ratio can be calculated in more than one ways. In one method debt, equity ratio is calculated by dividing total liability with total equity (Delen et al. 2013). In another method debt equity ratio is calculated by dividing long term debt with the total equity. In this report, the first formula is used for calculating the debt equity ratio. The formula is shown below: Debt equity ratio= total liability / total equity The debt equity ratio represents the proportion in which the total asset of the company is financed. A low debt equity ratio indicates that the company is not utilizing the cheap source of finance properly. On the other hand, a higher debt equity ratio indicates that the company is facing high financial risk (Brigham and Houston 2012). The companies generally prefer to maintain a balanced debt equity ratio. It is not easy to determine the optimum debt equity ratio it primarily depends on the industry standards. The debt equity ratio of one suggests that the investors and creditors of the company has equal stake in the asset of the business as the shareholders. A debt equity ratio more than one suggests that the company is more risky as the stake on the business assets of the investors and creditors are more than the shareholder (Brigham and Ehrhardt 2013). In this, case the debt equity ratio of the Pro Diver is1.44. This means that creditors and investors than its shareholders financ e the assets of the company more. As unlike the shareholders, the investors and creditors are required to repay so for a business with high debt equity ratio is considered risky. Therefore, from the analysis of the debt equity ratio it can be concluded that Pro Diver Company is in financial risk. Days Sales Outstanding Ratio This ratio measures the number of days the company takes to collect cash from its credit sales. It highlights the efficiency and effectiveness of the collection department. This ratio is also known as average collection period or days sales on receivable (Kou et al. 2014). This ratio shows how sooner the cash is collected it is useful because cash collected can be invested in a more useful manner. It is calculated by dividing the account receivable with the net credit sales and multiplying the same with the 365 days. The formula is given below: Days Sales Outstanding= (Account Receivable/ Net Credit Sales) X 365 The number of days it takes to convert credit sales into cash is measured by this ratio. The lower the ratio more favorable it is because it represents the companies to collect cash from its debtors early and in a timely manner. This also minimizes the risk of bad debt therefore putting the company in a more favorable position. The higher ratio represents that the collection department of the company is not operating effectively and hence the useful funds of the company is blocked in credit sales (Hunjra and Bashir 2014). On analyzing the financial statement of the Pro Diver, the days sales outstanding ratio is calculated to be 17.43 days. This represents that in this case the company collects cash on credit sales in 17.43 days. Therefore based on the analysis it can be concluded that the collection department of the company is operating effectively. Receivable Turnover Ratio The receivable turnover ratio calculates the number of days the company requires to convert its account receivable into cash. This ratio is an efficiency ratio or activity ratio that measures the efficiency of the collection department (Sharma and Mehra 2016). The receivable turnover ratio is calculated by dividing credit sales with the average account receivable. The formula for calculation is given below: Receivable turnover ratio= Net credit Sales/ Average Accounts receivable This ratio measures the efficiency of the collection department. Therefore higher the ratio more favorable it is because higher ratio represents that the company are collecting receivables more frequently. In the case of Pro Diver, the receivable turn over ratio is 20.93. This means that the Pro Diver Company has collected the accounts receivables more than 20 times in this financial year (Yu et al. 2014). Therefore, from the above analysis it can be concluded that the company in favorable position as the ratio is high. Fixed Asset Turnover Ratio The fixed assets turnover ratio calculates the efficiency with which the companies for producing revenue utilize the fixed assets. The investors and creditors for determining the operational efficiency of the company closely monitor the fixed asset turn over ratio. The fixed assets turnover ratio is calculated by dividing Net sales with net assets (Al Mamun 2013). The company calculates the net assets by subtracting accumulated depreciation from the total assets. The formula is given below: Fixed Asset turnover ratio= Net Sales/ Net fixed assets A higher ratio indicates that the companies are utilizing the assets effectively. On the other hand, a lower ratio indicates that the company is unable to utilize the assets at its full potential. Therefore, the companies with higher fixed asset turnover ratio are in conditions that are more favorable. In the given case of Pro Diver, the fixed asset turnover ratio is 0.40. this means only 40% of the assets are utilized in generating revenue. As the ratio is low, so the company is in unfavorable position. Net Margin Ratio This ratio represents the net profit earned by the company for per one-dollar sales. This is a profitability ratio and represents the profit generating capacity of the company. It is a key ratio and it is important for all the stakeholders of the company (Konchitchki and Patatoukas 2013). This is calculated by dividing Net profit by sales of the company. The formula is given below: Net margin %= Net profit/ Net sales X100 This ratio is the measure of the companys ability to generate higher revenue and reducing expenses and making higher profits. The company with the higher profits is in position that is more favorable. In this case, the company is earning profit of 30% that is reasonably higher therefore, it can be concluded that the company is favorable position. Return on Equity The return on equity measures the ability of the company to generate revenue from the shares fund. It is a profitability ratio and represents the profit that is earned by investing one dollar by its shareholders (Brown 2012). It is calculated by dividing net income by shareholders equity. The formula is given below: Return on Equity= Net income / Share holders equity This ratio indicates the effectiveness with which the company for generating income utilizes the funds of the shareholders. The higher the ratio the better it is for the company. In the case of Pro Diver the return on equity is 30%. As the company has high return on equity so the company is in better position. Return on Assets This ratio represents the net income that is produced by the utilizing the assets of the company (Goldmann 2016). This is calculated by dividing net income with the total assets. The formula is given below: Return on Assets= Net Income/ total Assets This represents the efficiency with which the company for generating profits utilizes the assets. The higher the ratio the better it is for the company. In the case of Pro Diver, the ratio is 12% that is low compared to ROE. The company is not in favorable position as far as ROA. Conclusion The analysis of the key financial ratio shows that the collection department of the company is operating effectively. The analysis also shows that overall liquidity position of the company is not favorable and the company is not effectively utilizing the fixed assets to generate sales. The company has high profitability as reflected by the key ratios but the company is unable to generate enough revenue from utilizing the assets. Based on overall analysis it can be concluded that the company Pro Diver is in favorable position but it needs to increase its efficiency in certain departments. Reference Al Mamun, A., 2013. Performance Evaluation of Prime Bank Limited in Terms of Capital Adequacy.Global Journal of Management and Business Research,13(9). Brigham, E.F. and Ehrhardt, M.C., 2013.Financial management: Theory practice. Cengage Learning. Brigham, E.F. and Houston, J.F., 2012.Fundamentals of financial management. Cengage Learning. Brown, R., 2012. Analysis of investments management of portfolios. Delen, D., Kuzey, C. and Uyar, A., 2013. Measuring firm performance using financial ratios: A decision tree approach.Expert Systems with Applications,40(10), pp.3970-3983. Goldmann, K., 2016. Financial Liquidity and Profitability Management in Practice of Polish Business. InFinancial Environment and Business Development(pp. 103-112). Springer International Publishing. Healy, P.M. and Palepu, K.G., 2012.Business Analysis Valuation: Using Financial Statements. Cengage Learning. Hunjra, A.I. and Bashir, A., 2014. Comparative Financial Performance Analysis of Conventional and Islamic Banks in Pakistan.Bulletin of Business and Economics (BBE),3(4), pp.196-206. Konchitchki, Y. and Patatoukas, P.N., 2013. Taking the pulse of the real economy using financial statement analysis: Implications for macro forecasting and stock valuation.The Accounting Review,89(2), pp.669-694. Kou, G., Peng, Y. and Wang, G., 2014. Evaluation of clustering algorithms for financial risk analysis using MCDM methods.Information Sciences,275, pp.1-12. Ozturk, I. and Acaravci, A., 2013. The long-run and causal analysis of energy, growth, openness and financial development on carbon emissions in Turkey.Energy Economics,36, pp.262-267. Sharma, A. and Mehra, A., 2016. Financial analysis based sectoral portfolio optimization under second order stochastic dominance.Annals of Operations Research, pp.1-27. Uechi, L., Akutsu, T., Stanley, H.E., Marcus, A.J. and Kenett, D.Y., 2015. Sector dominance ratio analysis of financial markets.Physica A: Statistical Mechanics and its Applications,421, pp.488-509. Vogel, H.L., 2014.Entertainment industry economics: A guide for financial analysis. Cambridge University Press. Weil, R.L., Schipper, K. and Francis, J., 2013.Financial accounting: an introduction to concepts, methods and uses. Cengage Learning. Yu, Q., Miche, Y., Sverin, E. and Lendasse, A., 2014. Bankruptcy prediction using extreme learning machine and financial expertise.Neurocomputing,128, pp.296-302.

Sunday, December 1, 2019

Is Your Supply Chain Disruption Proof

One of the impacts of globalization is that communication networks have become interdependent. The interdependence is the cause of system vulnerability. This means that localized large-scale disasters in an area can cause the failure of communication systems in large geographical areas. This situation makes businesses with large supply chains vulnerable to risks associated with supply chain disruption.Advertising We will write a custom essay sample on Is Your Supply Chain Disruption Proof? specifically for you for only $16.05 $11/page Learn More To make matters worse, many companies opt to outsource some of their functions in order to optimize their business models. In the process, they inherit supply chain risks. Logistics companies are becoming more important in ensuring that supply chains remain active. Many companies use the services of logistics companies to coordinate their supply chains. This decision usually comes from the economic advantages of outsourcing of logistics. It frees the company to focus on its core business. It is vital for every company to entrench resilience its supply chain. This involves ensuring that large-scale disruption caused by severe weather, political turmoil, or cyber warfare does not cripple its operations. The company needs to ensure that it has communication options that can continue to operate even under severe supply chain disruptions. Analysis of the risks associated with supply chains show that the robustness of communication systems has a significant influence on the resilience of the supply chains. Communication is the core service that determines the capacity of a supply chain to resist disruption. All other components of a supply chain rely on communication systems. The five main operational components of a logistics company include the management of inventory, procurement, transport, customer care. Inventory management relies on the communication between supplies and sales departments. Procurement on the other hand relies on the capacity of a company to communicate with its suppliers in order to receive products into its inventory. Transport also relies on communication from drivers and pilots to determine the location of shipments. Finally, customer care involves keeping the customer informed on a regular basis, and on demand. A resilient system has three main components. First, the system relies on a core network that is highly tolerant to disruptions. These systems meet the â€Å"SIRS† criteria. SIRS stands for scalability, integration, resistance, and security. Scalability is the ability of a system to accommodate expansion and future demands such as increasing data transfer capacity. Integration means that the system must have the capacity to accommodate new devices and applications. The requirement for the system to be resistant means that the system should not fail in the event of a failure in the connections between two or more components. Finally, security demands on systems refer to its ability to resist hacking from any form of cyber attack.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Secondly, for a system to be disaster tolerant, it must have the capacity to operate during disasters. The easiest way of achieving this is by using backup data centers and customer care centers located in different regions from the primary ones. If an organization cannot afford to develop these services internally, then it can consider outsourcing these services to data warehouses that specialize in data security. The third element of a resilient communication system is the existence of a communication plan for use in emergencies. The company must have a way of reaching its staff, customers, and shareholders in the event of a catastrophe. All these groups of stakeholders must have easy access to the emergency communication infrastructure. The sy stem must also have the ability to support mass communication. Finally, the system needs to operate on a resilient wireless network. This essay on Is Your Supply Chain Disruption Proof? was written and submitted by user Sarah Watson to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.