Tax Research Project Essay Example

Tax Research Project Paper Shane Fitzgerald ACC 413-0001 – Concepts and Strategies of Taxation Research Memo RE: Deductions for medical expenses September 22, 2011 Facts:Janice was injured in an accident and prescribed 6 months of physical therapy in a swimming pool. She does not live within an hour of the nearest public pool and wants to build a pool in her backyard. Janice lives alone and her annual Adjusted Gross Income is $50,000. Issue: Is the cost to build and maintain a pool for Janice in part, or completely deductible as a medical expense? Authorities: IRC Sec. 213 (a) (d) (1. ) Reg  §1. 213-1 (e) (i) (ii) (iii) Rev. Rul. 83-33, 1983-1 CB 70, IRC Sec(s). 213 HAINES v. COMMISSIONER, 71 TC 644, Code Sec(s) 213 Conclusion: Janice will be allowed to deduct the amount of cost to build her pool which exceeds both the amount it will increase the value of her property and 7. 5% of her Adjusted Gross Income. She will also be able to deduct the cost to maintain the pool for the first year for a total medical expense deduction of $4,750. Analysis: IRC Sec. 13 (a) says that medical expenses paid during the year that were not covered by insurance are deductible, â€Å"to the extent that such expenses exceed 7. 5 percent of adjusted gross income. † Janices Adjusted Gross Income is $50,000, thus she can only deduct medical expenses if they exceed $3,750. However, the cost to build her pool was a capital expenditure because it increased the value of her home. Capital expenditures are typically not deductible but in Janices ca se, Reg  §1. 213-1 (e) (iii) says: capital expenditure which is related only to the sick person and is not related to permanent improvement or betterment of property, if it otherwise qualifies as an expenditure for medical care, shall be deductible a capital expenditure for permanent improvement or betterment of property which would not ordinarily be for the purpose of medical care may, nevertheless, qualify as a medical expense to the extent that the expenditure exceeds the increase in the value of the related property, if the particular expenditure is related directly to medical care. We will write a custom essay sample on Tax Research Project specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Tax Research Project specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Tax Research Project specifically for you FOR ONLY $16.38 $13.9/page Hire Writer Her pool qualifies as a medical expense because of her doctors prescription. Under this regulation, the cost of her pool ($20,000) less the value added to her home ($12,000) will be deductible as a medical expense. This amount ($8,000) less the allowance of deduction ($3,750) leaves her with a total of $4,250 she can deduct for the construction of her pool. She can also deduct $500 this year for maintenance of her pool because, â€Å"expenditures for the operation or maintenance of the capital asset would also qualify provided that the medical reason for the capital expenditure still exists. The entire amount of such operation and maintenance expenditures qualifies, even if none or only a portion of the original cost of the capital asset itself qualified† [Reg  §1. 213-1 (e) (iii)]. In subsequent years she will not be able to deduct the maintenance cost unless her doctor renews her prescription of physical therapy in a swimming pool. The example used in Rev. Rul. 83-33, 1983-1 CB 70, IRC Sec(s). 213 is nearly identical to Janices case in which a physician prescribed physical therapy treatment by swimming and the individual constructed a pool for medical use. The courts have distinguished personal expenditures that are merely beneficial to the general health of the individual from those that have as their purpose medical care, the prevention or alleviation of a physical or mental defect or illness. † The pool Janice will construct will provide her with the best treatment for her condition. In the case of HAINES v. COMMISSIONER, 71 TC 644, Code Sec(s) 213, th e court ruled that the primary purpose of building a swimming pool was not directly related to the medical care required. The judge decided: During the period special therapy for his leg was required, it could have been secured through other far less costly means; for example, the petitioner could have secured the necessary therapy at the hospital or he could have arranged to swim at a health club which was not far from his residence. The pool cost the petitioner over $19,000, and we cannot accept his contention that such amount was spent primarily for therapy for his leg in view of the limited need for such therapy and the alternatives which were then available. The difference in Janices case is that she lives in a rural part of her state where there are no publicly available swimming pools within an hours commute and therefore building her own pool is necessary to treat her medical condition. In conclusion, Janice will be allowed to deduct the amount of cost to build her pool which exceeds both the amount it will increase the value of her property and 7. 5% of her Adjusted Gross Income. She will also be able to deduct the cost to maintain the pool for the first year for a total medical expense deduction of $4,750. Attachments:  § 213 Medical, dental, etc. , expenses. Internal Revenue Code (RIA) (a) Allowance of deduction. There shall be allowed as a deduction the expenses paid during the taxable year, not compensated for by insurance or otherwise, for medical care of the taxpayer, his spouse, or a dependent (as defined in section 152 , determined without regard to subsections (b)(1) , (b)(2), and (d)(1)(B) thereof), to the extent that such expenses exceed 7. 5 percent of adjusted gross income. Definitions. For purposes of this section — The term â€Å"medical care† means amounts paid— A) for the diagnosis, cure, mitigation, treatment, or prevention of disease, or for the purpose of affecting any structure or function of the body, (B) for transportation primarily for and essential to medical care referred to in subparagraph (A) for qualified long-term care services (as defined in section 7702B(c) ), or for insurance (including amounts paid as premiums under part B of titl e XVIII of the Social Security Act, relating to supplementary medical insurance for the aged) covering medical care referred to in subparagraphs (A) and (B) or for any qualified long-term care insurance contract (as defined in section 7702B(b) ). In the case of a qualified long-term care insurance contract (as defined in section 7702B(b) ), only eligible long-term care premiums (as defined in paragraph (10) ) shall be taken into account under subparagraph (D) . Reg  §1. 213-1. Medical, dental, etc. , expenses. (e) Definitions. (1) General. (I) The term â€Å"medical care† includes the diagnosis, cure, mitigation, treatment, or prevention of disease. Expenses paid for â€Å"medical care† shall include those paid for the purpose of affecting any structure or function of the body or for transportation primarily for and essential to medical care. See subparagraph (4) of this paragraph for provisions relating to medical insurance. (ii) Amounts paid for operations or treatments affecting any portion of the body, including obstetrical expenses and expenses of therapy or X-ray treatments, are deemed to be for the purpose of affecting any structure or function of the body and are therefore paid for medical care. Amounts expended for illegal operations or treatments are not deductible. Deductions for expenditures for medical care allowable under section 213 will be confined strictly to expenses incurred primarily for the prevention or alleviation of a physical or mental defect or illness. Thus, payments for the following are payments for medical care: hospital services, nursing services (including nurses board where paid by the taxpayer), medical, laboratory, surgical, dental and other diagnostic and healing services, X-rays, medicine and drugs (as defined in subparagraph (2) of this paragraph, subject to the 1-percent limitation in paragraph (b) of this section), artificial teeth or limbs, and ambulance hire. However, an expenditure which is merely beneficial to the general health of an individual, such as an expenditure for a vacation, is not an expenditure for medical care. Capital expenditures are generally not deductible for Federal income tax purposes. See section 263 and the regulations thereunder. However, an expenditure which otherwise qualifies as a medical expense under section 213 shall not be disqualified merely because it is a capital expenditure. For purposes of section 213 and this paragraph, a capital expenditure made by the taxpayer may qualify as a medical expense, if it has as its primary purpose the medical care (as defined in subdivisions (i) and (ii) of this subparagraph) of the taxpayer, his spouse, or his dependent. Thus, a capital expenditure which is related only to the sick person and is not related to permanent improvement or betterment of property, if it otherwise qualifies as an expenditure for medical care, shall be deductible; for example, an expenditure for eye glasses, a seeing eye dog, artificial teeth and limbs, a wheel chair, crutches, an inclinator or an air conditioner which is detachable from the property and purchased only for the use of a sick person, etc. Moreover, a capital expenditure for permanent improvement or betterment of property which would not ordinarily be for the purpose of medical care (within the meaning of this paragraph) may, nevertheless, qualify as a medical expense to the extent that the expenditure exceeds the increase in the value of the related property, if the particular expenditure is related directly to medical care. Such a situation could arise, for example, where a taxpayer is advised by a physician to install an elevator n his residence so that the taxpayers wife who is afflicted with heart disease will not be required to climb stairs. If the cost of installing the elevator is $1,000 and the increase in the value of the residence is determined to be only $700, the difference of $300, which is the amount in excess of the value enhancement, is deductible as a medical expense. If, however, by reason of this expenditure, it is determined that the value of the residence has not been increased, the entire cost of installing the elevator would qualify as a medical expense. Expenditures made for the operation or maintenance of a capital asset are likewise deductible medical expenses if they have as their primary purpose the medical care (as defined in subdivisions (i) and (ii) of this subparagraph) of the taxpayer, his spouse, or his dependent. Normally, if a capital expenditure qualifies as a medical expense, expenditures for the operation or maintenance of the capital asset would also qualify provided that the medical reason for the capital expenditure still exists. The entire amount of such operation and maintenance expenditures qualifies, even if none or only a portion of the original cost of the capital asset itself qualified. Rev. Rul. 83-33, 1983-1 CB 70 IRC Sec. 213 Revenue Rulings (1954 – Present) Headnote: Rev. Rul. 83-33, 1983-1 CB 70 IRC Sec. 213 Reference(s): Code Sec. 213; Reg  § 1. 213-1 Medical expenses; swimming pool; capital expenditures. Taxpayers cost of constructing a special exercise or â€Å"lap† swimming pool to treat severe osteoarthritis, to the extent the expenditure exceeds any resulting increase in the value of taxpayers related property, is deductible as a medical expense under section 213 of the Code. Rev. Ruls. 54-57 and 59-411 modified. Full Text: ISSUE Are expenditures for the costs of constructing, operating, and maintaining an exercise pool deductible as medical expenses under section 213 of the Internal Revenue Code? FACTS A, an individual, has severe osteoarthritis, a degenerative disease that results in a progressive weakness and decreased use of the knees and legs. To slow the effects of this disease, As physician prescribed a treatment of swimming several times a day. A constructed an indoor â€Å"lap† pool in order to follow the prescribed, daily exercise. The pool, which is attached to As residence, is 8 feet wide by 36 feet long and varies in depth from approximately 3 feet to 5 feet. The pool does not have a diving board and is not suitable for general recreational use. The stairs for the pool are specially designed with wider steps and smaller risers to enable A to safely enter and emerge from the pool. The ;Page 71; pool also has a hydrotherapy device to aid in As treatment. LAW AND ANALYSIS Section 213(a) of the Code allows a deduction in computing taxable income for expenses paid during the taxable year, not compensated for by insurance or otherwise, for medical care of the taxpayer, the taxpayers spouse, or a dependent, subject to certain limitations. The term â€Å"medical care† is defined by section 213(e) to include amounts paid for the diagnosis, cure, mitigation, treatment, or prevention of disease, for the purpose of affecting any structure or function of the body, or for transportation primarily for and essential to these purposes. Section 1. 213-1(e)(1)(ii) of the Income Tax Regulations provides, in part, that deductions for expenditures for medical care allowable under section 213 of the Code will be confined strictly to expenses incurred primarily for the prevention or alleviation of a physical or mental defect or illness. However, an expenditure that is merely beneficial to the general health of an individual is not an expenditure for medical care. Section 1. 213-1(e)(1)(iii) of the regulations provides, in part, that capital expenditures are generally not deductible for federal income tax purposes. See section 263 of the Code and the regulations thereunder. However, an expenditure that otherwise qualifies as a medical expense under section 213 shall not be disqualified merely because it is a capital expenditure. Moreover, a capital expenditure for permanent improvement or betterment of property that would not ordinarily be for the purpose of medical care may, nevertheless, qualify as a medical expense to the extent that the expenditure exceeds the increase in the value of the related property, if the particular expenditure is related directly to medical care. The test whether a capital expenditure is deductible under section 213 of the Code as a medical expense is whether the expenditure is incurred for the primary purpose of, and is related directly to, the taxpayers medical care. The courts have distinguished personal expenditures that are merely beneficial to the general health of the individual from those that have as their purpose medical care, the prevention or alleviation of a physical or mental defect or illness. Thus, not every expenditure prescribed by a physician or for the physical comfort of the individual will be considered a medical expense. Seymour v. Commissioner, 14 T. C. 1111 (1950). For example, the costs of transportation expenses to and from a golf course where golf was recommended for a victim of pulmonary emphysema are not deductible. Altman v. Commissioner, 53 T. C. 487 (1969). The costs of vacations or athletic club fees, while beneficial to the general health of a taxpayer, are also nondeductible personal or living expenses under section 262 of the Code. Havey v. Commissioner, 12 T. C. 409 (1949). An expenditure that merely serves the convenience of the taxpayer is not considered a medical expense. Worden v. Commissioner, T. C. M. 1981-366. Deductions under section 213(e) are confined strictly to expenditures for medical care. In the present situation, As physician prescribed swimming in order to alleviate As osteoarthritis. In order to follow the prescribed treatment, A constructed a shallow â€Å"lap† pool incorporating specially designed stairs for ease of entry and exit and a hydrotherapy device. The specially designed exercise pool is not suitable for general recreational use. HAINES v. COMMISSIONER, 71 TC 644, Code Sec(s) 213. C. William Haines and Sara B. Haines, Petitionerv. Commissioner of Internal Revenue, Respondent Case Information: Code Sec(s): | 213[pg. 644] | Docket: | Docket No. 8474-76. | Date Issued: | 01/25/1979 | Judge: | Opinion by SIMPSON, J. | Tax Year(s): | Year 1972. | Disposition: | Decision for Commissioner. | HEADNOTE 1. MEDICAL EXPENSES—Definition of medical care—special home improvements for disabled persons and preventive medicine—deduction denied. Medical expense deduction denied for cost of swimming pool taxpayer built in his home. Expenses incurred in building pool were not primarily related to his medical care. Need for special therapy for taxpayers leg continued for only limited period of time. Having pool at home was mere convenience, not necessity. Since pool was not enclosed, taxpayer had access to it for only 6 months out of the year and it contained no equipment to help him with his physical therapy. Reference(s): 1979 P-H Fed.  ¶16,432(10). Code Sec. 213 . OPINION Therefore, under the regulations, the test is whether the petitioners expenditures were incurred for the primary purpose of, and were related directly to, his medical care. See Ferris v. Commissioner, 582 F. 2d 1112 (7th Cir. 1978), revg. and remanding on another issue a Memorandum Opinion of this Court; Havey v. Commissioner, 12 T. C. 409, 412 (1949). In light of all the facts and circumstances of this case, we must hold that the expenses the petitioner incurred in building a swimming pool were not for the primary purpose of, and were not related directly to, his medical care. Undoubtedly, swimming was beneficial to his condition, but such evidence is insufficient to establish that the primary purpose of the building of his own pool was related directly to his medical care. Cf. Ferris v. Commissioner, supra. The need for special therapy for his leg [pg. 648]continued for only a limited period of time. Although he remains limited as to the forms of exercise in which he can engage, his present practice of swimming as a means of exercise is not significantly different than the activities of many others who prefer that form of exercise for its undoubted advantages. During the period special therapy for his leg was required, it could have been secured through other far less costly means; for example, the petitioner could have secured the necessary therapy at the hospital or he could have arranged to swim at a health club which was not far from his residence. The pool cost the petitioner over $19,000, and we cannot accept his contention that such amount was spent primarily for therapy for his leg in view of the limited need for such therapy and the alternatives which were then available. Moreover, even the testimony of the petitioners physician does not support his contention that his own swimming pool was a medical necessity for him. When asked his reason for recommending swimming to the petitioner, the doctor stated: Well, he was having to go over to the hospital daily for quite a while there to get the exercises, and then theyd put him in a whirlpool, and I felt, and had the personal reasons for—to advise him to build a pool himself so he could swim when he had occasion to swim. (Emphasis added. ) The doctors statements do not indicate a medical exigency for the petitioners nstallation of his own pool. InSeymour v. Commissioner, 14 T. C. 1111, 1117 (1950), we said: The statute deals with expenses paid for medical care of the taxpayer. Not every expenditure prescribed by a physician is to be catalogued under this term, nor is every expense that may be incurred for the physical comfort of a party a medical expense. Having a swimming pool at his home made i t more convenient for the petitioner to exercise in a pool, but an expenditure that merely serves the convenience of the taxpayer cannot be treated as a medical expense. Seymour v. Commissioner, supra at 1117. Other circumstances in this case also indicate that the petitioners swimming pool was not built for the primary purpose of his medical care. He testified that he had access to his pool only from April to October; thus, its use was not available to him for approximately one-half of each year. He also testified that he would like to have enclosed the pool, but the additional cost of doing so was too great. However, in Ferris[pg. 649] v. Commissioner, supra, where the taxpayer, a resident of Madison, Wis. was required to swim twice a day for the rest of her life, the pool was enclosed, and it was agreed that the costs of the enclosure were deductible. If swimming in his own pool was required for the treatment of the petitioners broken leg, it does seem that such treatment should have been available for more than one-half of the year, and the fact that the pool was not available for such a large portion of the time provides further evidence that it s construction was not required for medical purposes.

Comparing Nietzsche and Freud essays

Comparing Nietzsche and Freud essays Nietzsche and Freud both had the same idea that society was a major factor effecting ones behavior. However they differed in their perception of the innate qualities of humans and how human progress is best achieved. It will be shown in this paper how Nietzsche and Freud differ in their perception of the innate qualities of humans. Nietzsche believed that humans were innately good and that the essence of humans lied within their will. Freud believed that humans innate qualities were bad and it was society which was needed to suppress these qualities. Nietzsche felt that society had too much control over individuals. He states that society had adopted a type of slave morality. Nietzsche felt that if the individual wanted to succeed he or she had to break free of society to better him or herself. The basis of this idea was the theory of the will. Nietzsche believed the will was the human essence. Will is an innate quality because it is not conscience from what society says. Nietzsche believed that individuals were basically born good and it was society that made one bad. In order to avoid society corrupting an individual, one had to follow their will. He wanted the will to be unobstructed by society and in order to do this one had to do away with conscience and consciousness. Conscience is ones sense of right or wrong which comes from what society says. Nietzsche believed that ones consciousness is an illusion and it must be abandoned. By leaving behind what society said and following ones will the individual could ach ieve greatness. Success and progress is best achieved, according to Nietzsche, only when there is an infinite expression of the will present. Freud felt it was society that was beneficial to the individual. Contrary to Nietszche, Freud believed that individuals were naturally born bad and it was society which made him or her bad. Freud believed that individuals were born with an id. The id is ...

5 Ways to Deal With Difficult Students

5 Ways to Deal With Difficult Students Teaching a lesson to your class can become quite a challenge when you have to deal with the constant disruption of a difficult student. It may seem like you have tried every behavior management tip known to man, along with trying to provide an organized routine to help the student manage their responsibilities. Inevitably, when everything youve tried fails, keep your head up and try again. Effective teachers choose discipline techniques that will encourage positive behavior and motivate students to feel good about themselves and the decisions that they make. Use the following five tips to help you combat classroom disruptions, and deal with those difficult students. Define Expectations Specifically, define your expectations and help students understand there are consequences for unwanted behavior. When students break the rules they need to be ready for the consequences. Clearly write out and define each expectation you have, and post them in a visible spot in the classroom. Common Student Expectations for the Classroom: Stay seated during classroom activities and eventsRaise your hand before speakingShow respect for school property and studentsWait to be dismissedBe prepared for classBe considerate and respectful Parent-Teacher Communication Get parents involved in their childs education. A lot of the time the students that are being disruptive, may not be getting the attention that they need from home. By communicating your concerns with the parents, you may find there may be something going on in the household that is out of your control. Find a way to keep parents informed of their childs behavior at school. Communicate with Parents by: Creating an open-door policyEmail, text or instant messageWeekly or monthly newsletterProgress reportParent conference Once you find a way to communicate with the parents of the difficult child, next you must consider what words you will choose to say to the parents. Present the facts of the unwanted behavior, and be prepared to communicate with the parents how you plan to change the students behavior. Knowing how you are going to deal with the parents, will help you address the needs of the child for behavior modification. Model Expected Behavior Set a positive tone by modeling expected and appropriate behavior. When you are dealing with a difficult student, explain to them why you dont like the behavior they are displaying, and model for them the behavior you would like to see. (Example: I did not like that you yelled out in class without raising your hand. The appropriate way to talk in class is to raise your hand and wait to be called upon.) By modeling the expected behavior, you are showing them exactly what you expect of them. Children Learn From: SeeingListeningCopying what they seeActionsAttitudes Reward Acceptable Behavior Sometimes when the students that are not behaving, see the students that are behaving get rewarded for that behavior, it sets a positive example. Setting up a hands-on behavior management plan can help students physically see and track how they are behaving throughout the day. This, in turn, can make them re-think how they are behaving and get rewarded for acting appropriately. Keep Calm, Cool and Collective Naturally, when someone gets you upset it is common to react with frustration and anger. When this happens, its important to remain calm. Take a deep breath, or even walk away from the situation for a moment to clear your head. Remember, this child may not have learned the tools of how to properly communicate, and now it is your job to teach them. When you stay calm in a difficult situation, it will model for the student that this is the proper way to react. Sometimes overt behavior can be contiguous and that only leads to a classroom of unwanted chaos.

Ohio Sentate Bill Essay Example | Topics and Well Written Essays - 1000 words

Ohio Sentate Bill - Essay Example Having said this, it is not as though the nation has no responsibilities to play in ensuring that the citizen is well protected and provided for to give back to the nation. It is for this reason that bills and laws that are made in the nation must take a human face and consider the welfare of the citizen as the most important conditions. To this effect, it is absolutely necessary, right and appropriate that citizens are airing their views on the Senate Bill 5 and how it might affect them. The debates and discussion are therefore highly encouraged and no side of the argument can immediately be judged as invalid, out of place or unnecessary. Especially as voting is yet to be done, it is important that debates continue to clarify issues so that the voting public would have better reasons why they should make a particular choice on the day of voting. The Issues No body can deny the fact that the mere mention or thought of the fact that a person’s earning would be reduced directly or indirectly is unpleasant news to hear. In fact, monies are earned through labor and labor is a difficult phenomenon. It is for this reason that everyone would want his or her earning secured. But what about cases where the deductions would bring about an eventual and long term benefit. Like in the payment of life insurances and fixed deposits, so would the long term benefit of the Senate Bill 5 be. Vardon and Siegel (2011) note that â€Å"Senate Bill 5 also would save $191 million at the state level by eliminating employee longevity and step pay increases.† In the wake of times when America is trumpeting for rapid economic take after the recession, such an amount pumped into the economy would in no small way raise the economic fortunes of the nation. Having made this point, it is important to reiterate the need to ensure accountability at the hands of higher governmental officials so that the professed economic benefits would be achieved. There is also an urgent need for c ritics’ cry on the implementation process to be considered. This is because there seem to be a kind of disparity that creates the impression that someone is robbing Peter to pay Paul. This point is strongly supported by Kasich who decries how there exists â€Å"imbalance between the costs of health insurance for the private and public sectors† such that one group wound eventually be making losses for another person’s gains. There is the much talked deprivation of employees to air their views and bargain on their entitlements. Some say that the Senate Bill 5 will be â€Å"taking away the power to negotiate deductibles and co-pays that contribute to the overall cost of health insurance† (Vardon and Siegel, 2011). However, that is not all what the Senate Bill 5 presents as far as employee bargaining power is concerned. As a matter of fact, public service workers such as teachers, firefighters and law enforcers â€Å"will be able to negotiate with local and state officials for important contract provisions including wages and some working conditions, including those related to safety† (The Intelligencer, 2011). The fears continue to rage on but citizens are encouraged to consider the full impulse of the bill deeply. If for nothing at all, it is known that the little restrictions on bargaining power would go a long way to restrict excessive spending to help Ohio maintain a balanced budget. It should however be noted with caution that this does not become an avenue for killing the

ISSUES IN FINANCIAL REPORTING Essay Example | Topics and Well Written Essays - 2500 words

ISSUES IN FINANCIAL REPORTING - Essay Example The analysis of the enterprise’s performance is critical because it helps decision makers such as the investors and managers for effective decision-making. The analysis of performance provides information about the efficiency of allocation of resources and factors causing the business not to achieve its objectives (Hargreaves 2015) The trend analysis will enable the stakeholders in making an assessment as to whether the company is improving or not improving and how competitive the company is in the industry (Alexander, Britton & Jorissen, 2011). The report provides causes for observed performance in the particular company. The report offers a recommendation on the areas that require improvement to achieve better financial performance. Corporate governance refers to a method of directing and controlling companies. It involves balancing between social and individual goals or economic and social goals to align the interests of the businesses, individuals and the society as close as is practicable (European Accounting Review, 2015). It specifies the correlation between shareholders, the board of the company and other stakeholders. Also, it provides the structure for setting up company’s objectives, approaches for attaining these goals and determines how to monitor the performance (Alexander et al., 2011). Corporate governance eases operational, innovative and sensible management that can promote continuous performance of the business. Corporate governance is reinforced by various theories such as agency theory, stakeholders’ theory, resource dependency theory and stewardship theory. The responsibility of governing corporations is bestowed upon the board of directors. Shareholders have the responsibility of appointing the board of directors to ensure to ensure effective corporate governance (European Accounting Review, 2015) On the other hand, the board of directors sets the

ICICI Prudential â€Multiple Channel Distribution Essay Example for Free

ICICI Prudential –Multiple Channel Distribution Essay In terms of the future of the Indian insurance industry, what do you think are the measures that can be taken/ have been taken by ICICI Pru to further strengthen its distribution system to meet the competition? Bring out the drawbacks of the existing channels and the need to explore new avenues. Distribution Scenario in the Indian insurance Market The major challenges to insurers and intermediaries in highly competitive Indian insurance market are: 1. To build faith about the company’s insurance services in its customer’s mind  2.  To develop relationship(in terms of credibility) between intermediaries and clients 3. To develop extensive network for providing best service and stay close to the customers Capturing larger segment –Rural India Except ICICI Prudential, all the insurance companies have traditionally tied agents that have been the primary channels for insurance distribution in the Indian market. In case of the public sector insurance companies such as LIC, SBI etc. they have used their branches in almost all parts of the country and have attracted local people to become their agents. While ICICI Pru has used multiple channels such as bancassurance, direct marketing and corporate agents for their insurance distribution and have covered 69 cities and towns in India. By the virtue of these multiple distribution channels, ICICI Pru became leader in Indian insurance sector in short span of time with maximum contribution form bancassurance channel. However, these channels were targeted mostly at urban customers while the 70-80% of the Indian population stays in Rural area. ICICI Pru has tried to cater rural customers by joining hands with BASIX, World vision, Dhan, Shepherd, Uttaranchal Co-operative Marketing Federation, nLog Communiaction, ITC’e eachaupal etc. But, to cover the maximum possible rural market and develop strong rural insurance market at optimum cost for ICICI Pru, according to me India Post is the best intermediary option. India Post is one of the oldest infrastructure developed in India and it would be the best channel to reach Indian rural customers at very low cost. The postman are the best friend and information source to the village people. Hence they are the best fellows to create awareness about the company’s services and to distribute different insurance products. Thus they are the best sales man to build credibility about the company in rural India. Also the postmen have basic education in terms of services, hence the company can train them for their services at a very low cost. Thus the overall cost for reaching rural customer would be lower compare to all other possible options.

Symbolism in Hawthornes Young Goodman Brown Essay -- Young Goodman Br

Symbolism in Young Goodman Brown  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚        Ã‚      Edmund Fuller and B. Jo Kinnick in â€Å"Stories Derived from New England Living† state: â€Å"Hawthorne’s unique gift was for the creation of strongly symbolic stories which touch the deepest roots of man’s moral nature† (31). It is the purpose of this essay to explore the main symbolism contained within Nathaniel Hawthorne’s tale, â€Å"Young Goodman Brown.†    Stanley T. Williams in â€Å"Hawthorne’s Puritan Mind† states that the author was forever â€Å"perfecting his delicate craft of the symbol, of allegory, of the few themes and oft repeated character-types which were to haunt forever the minds of those who know New England† (42). Let us begin with the opening lines of the story: â€Å"YOUNG GOODMAN BROWN came forth at sunset, into the street of Salem village. . .† What is Goodman Brown symbolic of? 1.   According to Levy, he â€Å"is Everyman.   The bargain he has struck with Satan is the universal one . . . . Initially, he is a naive and immature young man who fails to understand the gravity of the step he has taken . . . [which is] succeeded by a presumably adult determination to resist his own evil impulses† (117).   2.   Fogle writes that he is â€Å"a naive young man who accepts both society in general and his fellow men as individuals at their own valuation, [who] is in one terrible night confronted with the vision of human evil . . . † (15). 3. Q. D. Leavis in â€Å"Hawthorne as Poet† states that â€Å"the relevant point is that Young Goodman Brown is Everyman in seventeenth century New England† (35). And what is Salem village symbolic of?   It was â€Å"th e center of the witchcraft delusion, in the witching times of 1692, and it shows the populace of Salem Village, those chief in authority, as well as obscur... ... Norman:   U of Oklahoma P, 1952.    Franklin, Benjamin V.   â€Å"Goodman Brown and the Puritan Catechism.†Ã‚   ESQ   40   (1994):   67-88.    Fuller, Edmund and B. Jo Kinnick in â€Å"Stories Derived from New England Living.† In Readings on Nathaniel Hawthorne, edited by Clarice Swisher. San Diego, CA: Greenhaven Press, 1996.    Hale, John K.   â€Å"The Serpentine Staff in ‘Young Goodman Brown.’†Ã‚   Nathaniel   Hawthorne Review   19   (Fall 1993):   17-18.    James, Henry. Hawthorne. http://eldred.ne.mediaone.net/nh/nhhj1.html    Leavis, Q. D. â€Å"Hawthorne as Poet.† In Hawthorne – A Collection of Critical Essays, edited by A.N. Kaul. Englewood Cliffs, NJ: Prentice-Hall, Inc., 1966.    Levy, Leo B.   â€Å"The Problem of Faith in ‘Young Goodman Brown.’† Modern Critcial   Views:   Nathaniel Hawthorne.   Ed. Harold Bloom.   New York:   Chelsea House, 1986.   115-126.

Braking History Essay

In a little over a hundred years since the automobile took hold of people’s imagination, technologies designed to make them accelerate faster and reach higher speeds have evolved with a fury. The brakes that were used to decelerate vehicles just over a hundred years ago (when cars were first invented) has evolved from plain wooden blocks to discs that are monitored by Anti-lock Brake Systems and Electronic Braking Distribution systems. The earliest braking system that used by vehicles consisted of nothing more than a block of wood and a lever system. The wood brake system worked fine in conjunction with early vehicles that were equipped with steel rimmed wheels. However, when the Michelin brothers started to replace steel rimmed wheels with rubber tires on most vehicles towards late 1890s, the wood block braking system just does not create enough friction with rubber. Since the need for a new method of braking was necessary in order to replace the old wood block braking system, inventors scrambled for new ideas. The French manufacturer Louis Renault took crude concepts of inventors before him and developed method: The drum based braking system. Basically, the system involved a single flexible stainless-steel band, wrapped around a drum on the rear axle. When the driver engaged the brake, the band would apply pressure to the drum and car to come to a stop. However, the drum braking system did have a number of problems. Since the drum brakes were external, the exposer caused a very rapid wear-out of the system and had to be replaced often. The band itself would sometimes unwrap on hills and proved to be very unsafe for the driver and passengers. Even though people came up with ideas to internally place the brakes, the era of mechanically-activated brakes was coming to an end. In 1918, A four-wheel hydraulic-brake system was invented by Malcolm Loughead. This system used fluids to transfer the force on the pressed pedal to the pistons and then to the brake shoes. In other words, it was the enhanced drum based system added with power support. The system quickly became popular due to the fact that it is much easier to operate and more effective than mechanical systems. Thus, it was adapted quickly by most of the automotive world. As the vehicles evolved to be heavier and faster, heat distribution started to become a major problem for the drum hydraulic-brake system due to increased friction. Disc brake system that was made from iron was invented to solve the problem. In order to stop the car, the brake pads are squeezed by a calliper which is pressured by the hydraulic, and then the discs are squeezed by the braking pads. Lining was placed on the braking pads to reduce the noise when the metal came in contact. This was as far as the braking system went in terms of mechanics. However, additional features such as the ABS (Anti-Lock Brakes), EBS (Electronic Braking system), and EBD (Electronic Braking Distribution) were implemented to further enhance the performance and safety of brakes. Since the industry was constantly seeking for replacements and innovations, achieving â€Å"the Minimum Winning Game† (MWG) is extremely important in not only the auto industry, but any high-technology ventures in general. By definition, the â€Å"Minimum Winning Game† is: Defining the first major market opportunity that is limited enough to provide a clear target for technology and product development efforts in the short-to-medium term, and sufficiently large that successfully pursuing it provides a foundation for long-term corporate development. Defining the â€Å"Minimum Winning Game† of any new breaking system is a difficult yet critical responsibility of management to keep the new innovation focused and able to learn from its ongoing efforts in the face of rapidly evolving technological and market uncertainties. Balancing a combination of the three drivers is essential in achieving the â€Å"Minimum Winning Game†. The drivers are: technology development, product development, and strategy development. Effectively pursuing these drivers will contribute positively, but allowing one to become the sole driver is likely to derail the venture from the path toward its Minimum Winning Game. Since braking technology is in such high-tech environments the pace of change is extreme. Instilling strategic discipline early on can prevent the new innovation of brakes to fall into the â€Å"Field of Dreams† trap: building the technology and it will become useful, while simultaneously increase the chances of its success.

Moving and Handling

Arega Arutiunian NVQ level 2 – Moving and Handling . How to Transfer a Weak Patient from Bed to Chair/Wheelchair . Lying in bed for a long period of time is generally depressing and boring for most patients. Being transferred on a chair enables the patient to execute some slight movements that is beneficial in improving circulation. As for being transferred on a wheelchair, it serves as a way to transport a weak patient on hospital areas , to the bathroom or in the lounge room . First i must inform the patient about the procedure. If the patient wants to be transferred on a chair, i will explain the details .And if there is a need for him to be transferred on a wheelchair, i need to explain the purpose and destination of the transfer. Using a nice tone of voice and right body language. Informing the patient will facilitate cooperation and will make him feel that he is being respected rather than being controlled. Position the chair or wheelchair next to the bed facing the foot of the bed. I need to bring the chair as close as possible to reduce the distance of the transfer. If a wheelchair is used, i will make sure to lock its brake and fold the foot rests, as soon as my position it near the bed.I need to adjust the height of the bed in its lowest position-this way it will be easy for the patient to step down on the floor, thus, decreasing the risk of injury from falling. I will lock the brake of the bed and then assist the patient in doing side lying position, facing the direction of the transfer. I need to lace one arm under the shoulder of the patient and the other arm supporting the patients’ thigh on the opposite side. Count to three and then carefully swing the legs of the patient over the side of the bed and assist him in lifting his trunk and shoulders until he is in sitting position.If patient is strong enough to do some movements, i can allow the patient to participate on the manoeuvre. I will ask patient to use the leg on the outer side of the bed to scoop the leg on the other side. Than carefully swing both his legs on the side of the bed and then assist him in lifting his trunk and shoulders until he is in sitting position. Place my arms around the torso of the patient for support. Put one arm of the patient over my shoulder -while his other arm is extended on the bed, to help support the position.Instruct the patient to scoot over the edge of the bed until feet is flat on the floor. Widen the distance of my feet, with right foot forward, and the left foot back for an easy shift of my weight as i lift the patient. Maintain the position above, with my arms still supporting the torso of the patient. One arm of the patient should still be on my shoulder and his other arm should still be extended on the bed (palm flat on bed). Slightly bend my knees and lean my body. Then i will instruct the patient to get ready for a push from one arm that’s extended on the bed, as i lift him up to standing position.Count to three as i assist the patient to standing position and he is pushing off from at the same time. Need to raise patient to standing position and keep my back straight. Pivot the patient so that his back is positioned in front of the chair or wheelchair- i need to instruct him to grasp on the armrest for additional support, and then slowly assist the patient as he lowers himself on the seat of the chair. Help the patient in positioning himself properly when seated. I need to make sure that his buttocks are entirely rested on the seat and his back firmly resting on the back support.When in a wheelchair, i should place his arms on the armrests and his feet on the footrests. How to Use a Hoyer Lift to Transfer a Patient A Hoyer Lift is a lifting device or hydraulic lift that is commonly used in nursing homes and other medical facilities to help transfer patients from beds to wheelchairs and back again. Special care and attention needs to be used when transferring any patient using a Hoye r Lift, as injuries and even death may result from improper techniques or use of the lift. Position the sling that comes with the Hoyer Lift beneath the patient to be transferred.In some cases, caregivers will be required to carefully roll the patient from side to side in order to position the sling properly. I need to make sure that the sling is evenly distributed, without wrinkles and is correctly positioned, the seam side of the sling away from the skin of the patient. Need to move the Hoyer Lift so that the extended legs slide under the bed. The legs of the Hoyer Lift are able to open and close to facilitate wheelchairs. I should slide the Hoyer legs under the bed until the swivel bar hook of the lift is directly over the patient's abdomen. Attach the einforced â€Å"O† rings in the sling straps that have been placed around the patient's legs first, connecting to the â€Å"S† hooks of the Hoyer Lift first. Need to make sure that the leg straps (if two are present) are positioned to prevent the patient from slipping out of the sling. Should point the tips of the â€Å"S† hooks away from the patient's face for extra safety. Need to attach the shortest web strap through the hole for the back and head support part of the sling, which will help make sure the patient will have neck and head support when lifted. Then, i must attach the web   straps to the swivel bar.Press the button that will engage the lift and slowly lift the patient, maintaining control of both the sling and the lift. The Hoyer Lift should always be used with two people. One person should be helping control movement of the patient while the other operates the lifting mechanism and opens the legs of the lift for optimal stability. One person should always maintain control of the patient in the sling while the second person operates the lift. Once the patient is centred over a wheelchair or bed, lower the lift and then reverse the process used to place the sling .

A biosensor is an analytical device Essay Example

A biosensor is an analytical device Essay Example A biosensor is an analytical device Paper A biosensor is an analytical device Paper Essay Topic: Analytical A biosensor is an analytical device which uses biologically-sensitive material to detect biological or chemical species directly without the need for complex sample processing. It is usually made by attaching a biologically-sensitive material to a suitable transducing system, which converts the biochemical response into a quantifiable and processable electrical signal (Ngweinbi Suleiman, 1990). The biologically-sensitive materials can be an enzyme, multienzyme system, organelle, membrane component, a bacterial cell or other whole cell, an antibody or an antigen, or whole slices of mammalian or plant tissues, etc. These materials are responsible for the recognition of the test species in the mixture and provide the selectivity and sensitivity of the final device. When biological molecules interact specifically and reversibly, there is a change in one or more physico-chemical parameters associated with the interaction. This change may produce ions, electrons, gases, heat, mass or light. These quantities are converted into electrical signals by the transducers, amplified, processed and displayed in a suitable form (Sethi, 1994). Biosensors are devices that combine the selectivity and specificity of a biological component with a suitable transducer. The biological sensing element, usually an enzyme or an antibody, recognizes the complementary molecule and the resulting biochemical changes are transduced into a concentration dependant proportional signal (Calvo Danilowicz, 1997). In order to measure a physical quantity, a sensor must fulfill a number of criteria which indicate its aptitude for meeting the requirement. All useful information about a physical event can be obtained if the biosensor provides a signal that has a direct relationship with the quantity under investigation. The biosensor must also meet the requirements connected with the measurement itself, which are repeatability, reproducibility, selectivity, sensitivity, a linear region of response, and a good response time (Tran, 1993, p.8). The most fundamental principles for classifying biosensors depends on the measurement of fractional occupancy of ab binding sites, as the occupancy of the ab binding sites by the analyte depends on the analyte concentration in the sample. Anayte binding by the ab does not generate a signal, which can be easily measured. Therefore, indirect immunosensors require a tracer as helper agent (Bilitewski, Turner, p.118). In a biosensor, the transducer plays a physical role, and the biorecepor has the role of molecular recognition. The information decoded by the bioreceptor is converted into an electrical signal by transducer, using measuring techniques like potentiometry, amperometry, thermometry or photometry, all of which are based on the variation of physical quantities (Trans, 1993, p.10).

A Division of Parody Productions Essay Example for Free

A Division of Parody Productions Essay ? Parody Productions, LLC is a company that sale his playing cards over the internet. The product portrays well-known players from a sports team’s history. The plaintiff in this suit, Ronald Swoboda, is included in the New York Mets Hero Deck. Swoboda claims that he has never given Parody permission to use his image. He further contends that through his attorney he sent Parody a cease and desist letter. Parody refused to stop selling cards with Swoboda’s name and images. In response, Swoboda filed the instant lawsuit to enjoin Parody from the continued use of his name and likeness and for damages for violating his right to publicity, and, alternatively, damages for unjust enrichment. The trial court sustained the exception of lack of personal jurisdiction and this appeal followed. 2. ISSUE: The issue is â€Å"Did Court of Appeal of Louisiana approve lack of personal jurisdiction of an internet merchandiser?† 3. DECISION: Affirmed Since 1945, technology has advanced to such a degree that it is possible for sellers to reach consumers in their homes worldwide. The onset of the Internet has created a lapse between the method of doing business in 1945 and the legal system’s ability to keep up with technology. The â€Å"purposeful availment† requirement for the exercise of personal jurisdiction over a nonresident defendant ensures that it will not be haled into a jurisdiction solely as a result of a random, fortuitous, or attenuated contact, or by the unilateral activity of another party or a third person. In Quality Design, the court ruled that Tuff Coat’s website was a passive one, whereby information about its product was provided, but actual sales were arranged via telephone or mail. A Division of Parody Productions. (2016, Sep 17).

Research report Paper Example | Topics and Well Written Essays - 2000 words - 1

Report - Research Paper Example In order to identify the factors that were affecting salesperson loyalty are investigated in this study. The marketing research problem for this study is to determine which intrinsic, and extrinsic factors motivate employees to remain loyal and dedicated to the workplace for a long period. The target population for the research is employees working as salespersons in the different aircraft companies to gain their views about the factors affecting their loyalty. The use of convenience sampling is made to select research participants for the study (Ryan, William, & Theeoblad, 2009). The reason to opt for convenience sampling is because of lack of time and availability to the researcher to reach each of the salesperson working at Boeing. The sample size of 1000 male and female salespersons is selected as research participants. The researcher has selected sale-persons specifically from aircraft companies with different working experience, age, income and educational background. The researcher made use of e-mailed survey questionnaires to gather information from the participants about the factors affecting loyalty to the workplace. The questionnaires were sent to the personal email address of participants (Tuck & McKenzie, 2014). The researcher made use of close-ended questions. The questionnaire was used to gather demographic features of the sample, as well as multiple extrinsic and intrinsic factors influencing employee loyalty to an organization. The responses were gathered using a Likert scale. On the basis of descriptive statistics, it can be noted that the majority of the males were working as a salesperson. There were 52.20% of male and 47.8% of female. When the respondents were asked about their highest level of education the results indicated that 31% were some college graduates, 25.3% were college graduate, 24.3% high school