Impact of Financial Leverage on Firm Value

Impact of Financial Leverage on Firm Value Introduction If there is debt in a companys capital, such a company is termed leveraged or geared company. A gearing ratio demonstrates the relationship between fixed interest and equity capital in the finance of a business Measured: Fixed Interest Capital OR Fixed Interest Capital Capital Employed Equity The financial lever is a norm in measuring the scale of using debt in the firms capital structure. One of the most important issues in financial discussions is obtaining a blend of capital structure which has the most attractions for the investors. The structure of capital is a required link between debt and the equity that provides financial needs for preparing the companys properties. STATEMENT OF RESEARCH QUESTION There is a negative and significant correlation between financial leverage and firm. 1.There is a negative and significant correlation between financial leverage and earnings per share 2.There is a negative and significant correlation between financial leverage and price earnings ratio. 3.There is a negative and significant correlation between financial leverage and returns to equity. 4.There is a negative and significant correlation between financial leverage and operating profit. WHY INTERESTING The above research questions are interesting as they will address the following: Provide answer on the impact of gearing on the firms value; reconcile the argument as to whether financial leverage has relationship with earning per share; the level of correlation between financial leverage and price earnings ratio as well as operational profit. The questions will also seek to highlight the risks associated with leverage. Relation to previous research (Theoretical Framework) CAPITAL STRUCTURE THEORIES A companys capital structure shows all the sources of finance a company is utilizing to finance its operations. Capital structure refers to how a company finances its operations and it is usually made up of: Ordinary share capital Preference share capital Debt capital. There are two main theories about the effect of changes in gearing on the WACC and share value. There are: a.The traditional view b.The net operating income approach For which a behavioral justification was proposed by Franco Modigliani and Melton H. Miller (M M) in 1958 (Gitman, 2006). TRADITIONAL VIEW The traditional view states that debt capital is cheaper than equity and that such a company can increase its value by borrowing up to a reasonable limit (the optimal level of gearing). Return Kw Ke Kd P GEARING With the traditional theory, the following assumptions hold sway: Â   1.The cost of debt will remain constant until a significant point is reached when it would start to rise. 2.The WACC will fill immediately an external source of finance is introduced and will bring thereafter as the level of gearing increases. 3.The companys market value and the market value per share will be maximized where WACC is at the lowest point. M-MS SUPPORT OF THE OPERATING INCOME APPROACH The original normative theory of company valuation and capital structure was put forward in form of a behavioral justification of the Net Operating Income Approach by Franco Modigliani and Melton H. Miller (M-M) in 1958 (Gitman, 2006). To appreciate the propositions by M-M, it will be better to understand the M-M assumptions which are stated below. From these assumptions, M-M set out their three propositions. PROPOSITION I This states that a company cannot change the total value of its securities just by splitting its cash flow into different streams; the companys value is determined by its real assets, not by the securities it issues. Thus, capital structure is irrelevant if the companys investment decisions are taken as given. PROPOSITION II The expected rate of return on the equity of a geared company increases in proposition to the debt-equity ratio (debt/equity), expressed in market values; the rate of increase depends on the spread between the expected rate of return on a portfolio of all the companys securities, and the expected return on the debt. PROPOSITION III This provides a rule for optimal investment policy by the company: The cut off point for investment in the company will in all cases be the WACC and will be completely unaffected by the types of security used to finance the investment. Consequently, if the first two propositions hold, the cut-off rate used to evaluate investments will not be affected by the type of funding used to finance them, whatever may be the capital structure. The gain from using debt (at lower cost) is offset by the increased cost of equity (due to increased risk) and WACC therefore remains unchanged. Proposed methods STATEMENT OF METHOD Secondary data from financial database will be used. To determine the impact of leverage on the value of firm, a thorough study will be taken on each entity in the integrated chain. My choice of the above data collection method rested on their validity and research question. I also consider them to be less costly in relation to others. The study will try to integrate various academic literatures and examine the impact of financial leverage on the value of firms. Therefore, I shall obtain unbalanced panel comprising 25 companies listed on the Nigerian Stock Exchange for the period ranging from 2001- 2010 with relevant information over the last years. These firms and their published accounts will be used to determine the variable that will be stated. CHOICE OF THEORY There are two basic theories about the impact of financial leverage on firms value; the traditional theory and the Modigliani Millers theory. I shall base my study on the theory which seem more realistic with empirical fact. CAPITAL STRUCTURE In the academic literature, there two possible indictors of capital structure, namely, debt-equity ratio, defined as total debt divided by book value of common equity, and a ratio of debt total assets. In this analysis, the ratio of debt to common equity will be used. This will be more useful to explain the choice of a capital structure as compared to the ratio of debt to total assets. This variable shall be denoted as CS in our analysis. DATA COLLECTION The collection tools for the research project includes: Financial times statistical data from Nigerian Stock Exchange, Augusto rating on debt Equity Companies, Financial Index Journal. Others tool include the companys annual reports and account, the internet, financial newspaper particularly, Thisday, Institute of Chartered Accountants of Nigeria (ICAN) journals, Financial Standard, Business Times and some other foreign journal consulted at various library. The testing technique to be employed is regression and correlation analysis with the chi-square X2 distribution, which allows comparisons of an actual observed distribution with a hypothesized or expected distribution. This method is often referred to as a goodness of fit test. SAMPLE FRAME The secondary data above will be used in addition to the financial statement and Accounts of selected companies: Nigerian Breweries Plc, Pharma Deko Plc and Evans Medicals Plc. The result of the investigation will be analyzed and tested. The firm size shall be determined by its log of sales as published in their financial statements. Firms turnover as a percentage of capital employed will be used in our model. It is often argued that performance is a function of firm size and if we are to make a regression model with performance as response variable, it is important to incorporate firm size in our model. Firm size may be positively or negatively related to leverage. Odeleye (2014) come forward with the idea that large firms may exercise economies of scale, have better knowledge of markets and can employ better management personnel. Firm size also measures a firms market power or level of concentration within the industry. Reflections Finance: The execution of this project required substantial financial outlay. The sourcing and gathering of data, paying working visit to firm, conducting enquiry to the operations of the company and packaging available information into coherent project, required funding. Time: It takes time to conduct inquiry, investigation as well as gather, compile analysis and interprets data and then organizes them into a research work. The researcher worked under severe constraints of time as there was a deadline for the submission of the project. Attitude of the Practitioner: Although some information was readily provided by staff of the organization, a few other relevant ones were considered as confidential and strenuous efforts had to be made to collect some of the information that were regarded as confidential. Altogether, the limitations were so severe as to vitiate the research outcome, more especially because the researcher managed to overcome the obstacle. Physically, only some selected leveraged companies in manufacturing activities as an option for growth enhancement of market are included to minimize the expenses. Another limitation is that not all leveraged companies turn out to be successful in relation to market values; this research does not cover those companies. I obtained all the necessary information I needed for empirical analysis considering the advanced nature of the financial reporting of the firms under review which confounds to international standard? The financial regulation in Nigeria might not be up to date with respect to submission of financial statement. The gathering of data from some of the companys department required some payment. This expenses which was budgeted for constituted a challenge, yet there was a possibility of missing some data which is not found on the financial statement of the companies. This study was carried out with a sample of firms listed on the Nigeria Stock Exchange. The first empirical obstacle will be the availability of data for a minimum of ten trading years for the firms under study. The financial regulations in Nigeria require firms to submit their audited financial statements as well as certain information regarding their firms value. However, the data submitted by firms are in hard copy format and they are thus stored at the companys department in paper format. Given that availability is limited to hard copies, I feel that I will need to bear into mind the time factor involved in the manual gathering of relevant data. Moreover, data regarding a single company might be in different volumes and this might involve delay out of proportion in this assignment. Timetable July 2015 Proposal Submission August 2015 Proposal Approval September/October 2015 Literature review November 2015 submission and amendment of chapter 1based on examiners approval/comment December 2015 submission and amendment of chapter 2 based on examiners approval/comment January 2016 submission and amendment of chapter 3 and 4 based on examiners approval/comment February 2016 submission and amendment of chapter 5 based on examiners approval/comment March 2016 Proof reading, final editing, printing/binding and project submission References Akinsulire, O. (2002), Financial Management 2002. COEMOL Nig. Ltd Gitman, L. (2006). Leverage and Capital Structure (4TH Ed). Boston: Pearson Anderson Wiley. Odeleye, A. (2014) Corporate Financing and Efficiency of Indigenous Energy Firms in Nigeria: A literature Review. International Journal of Energy Economics and Policy. 4(1).

State Vs. Shoemaker :: essays research papers

State of Kansas, Appelle, vs. Joe Shoemaker, Appellant The 1980 Kansas State Supreme Court case of State of Kansas, Appelle, v. Joe Shoemake, Appellant, the defendant, Joe Shoemake, was charged with three counts of aggravated robbery of three persons and two counts of felony theft involving two automobiles. In New York State that would be considered as follows: 160.10, Robbery in the second degree, would be classified as; A person is guilty of robbery in the second degree when he forcibly steals property and when: 1. He is aided by another person actually present; or 2. In the course of the commission of the crime or of immediate flight therefrom, he or another participant in the crime: (a) Causes physical injury to any person who is not a participant in the crime; or (b) Displays what appears to be a pistol, revolver, rifle, shotgun, machine gun or other firearm; or 3. The property consists of a motor vehicle, as defined in section one hundred twenty-five of the vehicle and traffic law. Robbery in the second degree is a class C felony. 165.08  Ã‚  Ã‚  Ã‚  Ã‚   Unauthorized use of a vehicle in the first degree. A person is guilty of unauthorized use of a vehicle in the first degree when knowing that he does not have the consent of the owner, he takes, operates, exercises control over, rides in or otherwise uses a vehicle with the intent to use the same in the course of or the commission of a class A, class B, class C or class D felony or in the immediate flight therefrom. A person who engages in any such conduct without the consent of the owner is presumed to know that he does not have such consent. On the night of August 21, 1979, in Kansas City, Missouri, a 1972 Ford Torino, color yellow, was stolen from a residence. Four nights later, August 25, 1979, a second car, a green, 1972 Ford Torino was stolen from a parking lot in Wyandotte County, Missouri. At around 7:00p.m., on the night of August 25, 1979, John Lucas was seen by an employee working at Nigro’s Supermarket, driving a yellow Ford Torino through the parking lot of the store. Shortly after that, Lucas was seen in the green Torino, sitting in front of the supermarket. Moments later, Lucas proceeded to enter the supermarket, approach the manager, brandish a pistol, and demand money from him.

Ambrose Bierces Chickamauga Essay example -- Ambrose Bierce Chickamau

Ambrose Bierce's Chickamauga Ambrose Bierce’s short story, "Chickamauga," scrutinizes American values, specifically, America’s identifying with the natural world. Bierce is critical of the American association with divine destiny, which has manifested itself throughout history in the form of John Winthrop’s â€Å"City upon a hill† speech, the notion of the â€Å"white man’s burden,† and Manifest Destiny. American history, in the scope of the short story, is one of perceived â€Å"rightly† subjugation of others. Bierce satirizes this philosophy by use of the child as a manifestation of American values that are eventually shown to be feeble and weak. The opening paragraph summarizes American history in abstract terms: â€Å"It was happy in a new sense of freedom from control, happy in the opportunity of exploration and adventure; for this child’s spirit, in bodies of its ancestors, had for thousands of years been trained to memorable feats of discovery and conquest† (455). The diction Bierce uses conveys a sense of warmongering and that war and conquest is what brings about â€Å"memorable feats.† The ever expanding frontier, the cross-continental explorations, and the colonizing of the West, though, are all described by Bierce in terms of a mirthful child going to play in the woods unabated and â€Å"unobserved† (Ibid). Bierce undermines the notion that American conquests in the past were grand exploits of a privileged and godly people. Bierce also uses hyperbole in describing the child’s playing in the woods. Though the child is merely playing war in his mind, Bierce describes him as â€Å"a mightier conqueror† and â€Å"the mightiest† (Ibid). This diction of grandeur is juxtaposed with the rabbit scaring the child away: â€Å"With a startled cry the child... ...nquest do not give triumph to one nation and defeat for another, but instead bring about defeat for all. Thus, Bierce satirizes American culture and the popular beliefs of destiny and natural superiority associated with his time. American history is shown to be nothing more than a deaf and mute child roaming in the wilderness playing war games. The arrogant notion of superiority is described as feeble and ultimately destructive. Bierce calls upon Americans to view themselves with a kind of humility toward the natural world and its it place inside of it; no longer should Americans see themselves as privileged, instead, they should become humbled. Works Cited Bierce, Ambrose. "Chickamauga." The Heath Anthology of American Literature Volume C Late Nineteenth Century 1865-1910. Ed. Suzanne P. Weir. Boston, New York: Houghton Mifflin Company, 2006. 455-459.

F. Scott Fitzgerald’s Life in the Great Gatsby

Through his classic novel, The Great Gatsby, F. Scott Fitzgerald allows many aspects of his personal life to permeate into the story, characters, and ideologies. Without having any background into the life of Fitzgerald, the average reader would conclude that the story was no less than a figment of Fitzgerald’s imagination. This is not the case however, as F. Scott funnels many of his thoughts and ideas into the characters in the book. There are quite a few stunning similarities between his character Daisy, and his own wife Zelda.He incorporates his general attitudes toward money as he displays the financial behaviors of his characters to model his own. Most importantly, he bases much of the plot and characterizations on his time living in Great Neck, New York; a very wealthy section of Long Island. It is these aspects that give the reader a greater understanding of Fitzgerald’s life, and gives the novel itself a more profound meaning. The Great Gatsby was a book writte n in France, but born at 6 Gateway Drive in Great Neck, New York.Gatsby lived there for two years, and though the communities of East and West Egg are technically fictional, they are quite clearly based off of Kings Point and Manhasset Bay. As Mary Jo Murphy of the New York Times states in her recent article â€Å"Fitzgerald himself knew it well†¦ He seeded his masterpiece there, drawing on his own experiences on ‘that slender riotous island’† (Murphy). The setting of The Great Gatsby was identical to that of his home of two years, and this couldn’t be a more black and white comparison of his life to the book.Fitzgerald lived in a wealthy, upper class community in which social status was based upon wealth. Fitzgerald was constantly surrounded by social leaches, ever-trying to crawl up the social ladder; people whose sole concern was in partying, not a care for the mysterious Gatsby. We see this when Nick states, â€Å"I believe that on the first nigh t I went to Gatsby’s house I was one of the few guest who had actually been invited†¦ I was immediately struck by the number of young Englishmen dotted about; all well dressed, all looking a little hungry, and all talking in low, earnest voices to solid and preposterous Americans† (41).These inhabitant of Great Neck were surely represented by the attendees of Gatsby’s social gatherings every Saturday night. The shallow demeanors and hollow intentions of Fitzgerald’s ‘friends’ on Great Neck contributed much to his criticism of American culture, especially of the upper class. Another major aspect of Fitzgerald’s life that was represented in The Great Gatsby is his wife, Zelda. She can easily be compared to Tom Buchanan’s wife, Daisy, as much of the feelings and events shared in their relationship are very similar to those in F. Scott and Zelda’s relationship.When Francis Scott first met Zelda while writing in New York C ity, still seeking fame and fortune, they could not be wed. â€Å"Unwilling to wait while Fitzgerald succeeded in the advertisement business and unwilling to live on his small salary, Zelda Sayre broke their engagement† (Bruccoli). This changed once he stated to write for The Saturday Evening Post in St. Paul, as he was paid handsomely for his articles. He returned to Zelda, with his new fortune and they were immediately wed. This is eerily similar to how Gatsby could not be with Daisy prior to going off to war, for Daisy was of upper class blue-blood wealth and Gatsby was quite poor.Once Gatsby attained his wealth, by any means possible, Daisy was immediately enthralled by his possessions and she was temporarily won away from Tom Buchanan. The epitome if her selfish materialism is displayed when Daisy â€Å"bent her head into the shirts and began to cry stormily. ‘They’re such beautiful shirts†¦ It makes me sad because I’ve never seen such- such bea utiful shirts before† (92). These similarities prove Daisy to be a direct reflection of Zelda and more of Fitzgerald’s personal life revealing itself in the pages of The Great Gatsby.The final major aspect of F. Scott Fitzgerald’s personal life that is portrayed in his novel is his behavior and attitudes toward money. This attitude, in short, would be: Money can buy happiness, and there’s no reason not to show it off. When F. Scott Fitzgerald was declined by Zelda Sayre, instead of moving on he elected to do the opposite. He quit his job in New York City, moved back to St. Paul where he could make a good living, and returned to Zelda hoping now he would live up to her standards. This is the same behavior we see in Jay Gatsby.When Daisy will not be with him because of his lack of wealth and social standing, Jay devotes his life’s work to attaining wealth to win Daisy back. Also Mr. Fitzgerald had a tendency to spend money just as quickly as he earned it; living above his means, and showing off his wealth whenever he could. The same is shown of Gatsby when Nick describes Gatsby’s car, â€Å"I’d seen it. Everyone had seen it. It was a rich cream color, bright with nickel, swollen here and there in its monstrous length with triumphant hat-boxes and supper-boxes and tool-boxes, nd terraced with a labyrinth of windshields that mirrored a dozen suns† (64). He spends luxuriously, buying the most expensive car and only wearing brightly colored expensive suits. This reckless and attention seeking spending of money is one behavior of F. Scott Fitzgerald that is prominent in his character Gatsby. While The Great Gatsby was written surely to be a critique and disapproving display of the upper class in America, it is also a deeper revelation of F. Scott Fitzgerald’s life. Most would not recognize this, but his book is saturated with aspects of his own life.Allowing his own life to be present in his novel is surel y something that gives the book some real emotion and deeper meaning. The people, events, and attitudes displayed in the book are not just fiction; they’re based off of the real life of F. Scott Fitzgerald. Bibliography Bruccoli, Matthew J. â€Å"A Brief Life of F. Scott Fitzgerald. † SC. edu. The University of South Carolina, 4 Dec. 2003. Web. 14 Oct. 2012. . Fitzgerald, F. Scott. The Great Gatsby. New York City: Charles Scribner’s Sons, 1925. Print. Murphy, Mary Jo. â€Å"Eyeing the Unreal Estate of Gatsby Esq. † NYTimes. com. The New York Times ,1 Oct. 2010. Web. 15 Oct. 2012. .

Mass Communication History Essay

Mass communication is the study of how we get information to the greatest number of people as quickly and effectively as possible. This broad-based area of study has evolved from print and broadcast journalism to today’s Internet-connected social media community. As opportunities to communicate to larger audiences grew, universities started offering programs to help students learn how to best communicate with the masses. Basic to the study of mass communications is examining the important and memorable events that emerged along the way Communication to an Immediate Audience People and societies have been communicating with each other since the time of cave drawings and drums. Ancient cultures, such as the Chinese and Romans, communicated through plays and art works. The beginnings of print media were seen in China where movable clay type was invented in 1041. Monks and holy men copied the Bible by hand, but mass media really took off around 1439 whenJohannes Gutenberg‘s invention of movable type allowed the mass production and distribution of books. Although newspapers began in the early 1600s, many American colonists still relied on the town crier as their sole source of information. Communication Spreads to the Masses Digital History focuses on the period from 1880 -1920 as leading the rise of mass communication, with the introduction of the mass market newspapers featuring comic strips, fashion pages, sports news, and women’s pages. National mass circulation magazines, such as Ladies’ Home Journal, also began to appear at that time. Frank Doubleday started organizing book tours to make and promote bestsellers. Thomas Edison introduced us to the wonders of music with his phonograph. Advertising became popular in the late 1800s when the National Biscuit Company, which later became Nabisco, spent the unheard-of sum of one million dollars on a national advertising campaign. Others (like Campbell Soups, Heinz, and Quaker Oats) quickly followed suit in communicating their products’ benefits to the buying public. At the same time, schools of higher learning were beginning to realize that they needed to instruct students on these communication techniques. Although known more for its business degrees, The Wharton School of the University of Pennsylvania offered the first communications courses in 1893. The University opened an official school of communications 60 years later. However, Otterbein College in Westerville, Ohio is distinctly known for having the first communications program. Their program, which was founded in 1906, began awarding degrees in 1909. A Rapid Rise Communication programs at schools first focused on writing, publishing, and newspaper journalism. As photography, radio, and movies became part of the mainstream media, universities had to work hard to bring their programs up to date. In 1903, the movie The Great Train Robbery began to show the ability of the motion picture to tell a story. Marconi introduced wireless communications in 1895, which lead to commercial radio broadcasting in 1920 and television broadcasts in 1939. By 1922, movies had become so popular that they sold up to 40 million tickets a week. Walt Disney himself said, â€Å"Of all of our inventions for mass communication, pictures still speak the most universally understood language.† The first doctoral degree in mass communication was conveyed by the University of Iowa’s School of Journalism and Mass Communication in 1948. After World War II, class offerings in mass communication started growing dramatically as students looked for information on communicating through media such as magazines, radio, and television. A Bold New World of Mass Communication In the digital age, the possibilities for mass communication are growing even larger. Since the first commercial communication satellite was launched in 1960, communication possibilities have expanded to include Internet, social media, blogs, RSS feeds, podcasts, online video, and mobile media. In the 1990s, schools started offering courses in online communications. In 2007, Syracuse University’s S.I. Newhouse School of Public Communication introduced a digital newsroom to train the news reporters of the future. A degree in mass communication can take you in many directions—business, advertising, acting, journalism, public relations, government, and international relations—and into the future. But you have to take the first step and start by getting solid fundamentals offered in advanced degree programs. Examples of Major Corporations Deploying Mass Media Strategies Mass Media Strategies Make a Marketing Difference The study of mass communication can lead you in many exciting career  directions—politics, corporate marketing, charitable work, and more. Many organizations effectively utilize mass media strategies to get their message out to their target audiences. Savvy politicians are using social mass media strategies to reach today’s highly-connected generation of voters. Some mass media strategists are now using their knowledge and abilities to fight for change and equality in the world. The following examples highlight where a degree in mass communication could take you. Ford Fuses Mass Media Strategies to Sell the Fusion When Ford Motor Company introduced its new Ford Fusion in 2005, the manufacturer wanted to move from its traditional Taurus-driving family appeal to attracting younger, hipper drivers. The â€Å"Life in Drive† mass media strategy fused traditional television advertising with an online â€Å"Photo Fusion† interactive component to build awareness. The campaign helped Ford sell more than 23,000 Fusions in just three months and motivated the company to increase production quantities to meet demand. Olympus Uses Mass Media Strategies to Climb to the Top Olympus Imaging used an innovative â€Å"augmented reality† campaign to motivate prospective customers to try out a simulated version of their new portable digital camera. They relied on a mass media strategy to drive consumers to a website for an interactive tutorial and simulated product â€Å"test drive.† Olympus quickly managed to get a version of their product into the hands of over 50,000 potential buyers without ever asking them to walk into a store. In addition, a contest which motivated enthusiastic visitors to share their experience through social networks spread the news even further. Green Mass Media Strategies Help Book Authors See Green Results Similar to the results that can be seen in product marketing, a mass media strategy can also be effective in book marketing. When Shel Horowitz, a green marketing consultant, and his co-author, Jay Conrad, wanted to promote their book, Guerrilla Marketing Goes Green, they combined traditional media, social marketing, and green guerilla marketing elements to achieve success. The book was published in January 2010; three months later it was number one on Amazon’s environmental list. Using Social Mass Media Strategies to Become President Perhaps the best example of using today’s social mass media outlets to raise money, generate awareness, and build momentum is the Barack Obama Campaign for president in 2008. Through his campaign’s unprecedented use of social mass media, over 30 million dollars was raised by thousands of individuals and groups that were motivated to work on his behalf. Voters can count on seeing more of this effective use of mass media strategies in the 2012 presidential election campaign as traditional media costs soar and it becomes more difficult than ever before to reach a targeted voting audience. Using Mass Media Strategies to Effect Positive Change in the World Mass media strategies can also play a part in developing global strategic communications. The United Nations Entity for Gender Equality and the Empowerment of Women has effectively used a combination of community mobilization, outreach, and mass media to provide education, reduce violence, and develop initiatives to promote gender equality in developing countries around the world. In the United States, the Family Violence Prevention Fund used a mass media public service announcements strategy to promote the availability of a â€Å"Coaching Boys into Men† program that provided sports coaches with a â€Å"playbook† on how to talk to their teams about domestic violence. As more mass media opportunities are becoming available to promote products, services, and ideas, more mass media marketers will be needed to help develop and direct these campaigns. You can start building your knowledge and insight into the world of mass media with an online degree in mass communication. This program can give you an understanding of the various mass media strategies that are av ailable today and provide you with knowledge to help you make informed decisions in a world where mass integrated communication can make a massive difference.

The Usage Of Statistics Essay Example | Topics and Well Written Essays - 1000 words - 9

The Usage Of Statistics - Essay Example In the business world of present times, figures and statistics have attained a very significant position and without their usage, companies can literally become bankrupt and economically unstable. It is the fiscal power that makes the organizations of today stands out from each other. Thus statistics are changed even in the business realms and misquoted at different points in time. The use of statistics is manifold. They are literally used in every software and program of the world, whether this one is operating in an airport or a highway. They cannot be denied of their presence at even the remotest of locations and are made available through the efficient and knowledgeable statisticians. Even in the world of sports, their usage is undeniable and these statisticians and record keepers make sure each and every record on the part of the player or a team for that matter is updated within a matter of seconds. The uses of statistics are in wars and weapons that are spread all over the wor ld now and can be easily traced with different computer programs and software which only deal with these statistics and nothing else. It is the human being that understands these statistics and thus acts upon them, bringing and carrying out orders after they understand what is the scene on hand. statistics is taught as a completely different module to the students and they are imparted of the knowledge concerning this subject so that they comprehend the actual importance of the same as well as employ it in this business world.

Process Analysis The ABCS of CPR Essay Example | Topics and Well Written Essays - 500 words

Process Analysis The ABCS of CPR - Essay Example The three main components of CPR that can save a life include the ABC's, Airway, Breathing, and Circulation. 7 Airway, the A in ABC, begins with checking the airway. Perform the Head tilt chin lift by placing the palm of one hand on the forehead. Put the fingers of the other hand on the bony part of the chin. Push the forehead back to lift the chin. Pull the jaw forward. Then, open the mouth. Look for the chest to rise and fall. Listen close near the victim's mouth for sounds of breathing. Feel the cheek for any breathing movement. Check airway for no more than 5-10 seconds. Do not consider gasps of breath as breathing. These gasps may occur for a few minutes after the heart stops beating. 7 The absences of breathing, is the B in ABC. Pinch the nose of the victim closed. Take in a normal breath. Hold it. Making a good seal, over the victim's mouth, give two breaths for 1 second each. Watch the chest rise and fall during each breath. If no breaths go in, reposition the victim's head. Attempt two more breaths. If breaths still do not go in check for a foreign object in the mouth. Begin CPR to remove the object. If breaths go in and pulse is present, continue with breaths until help arrives or when the victim begins breathing on his own. 9 Circulation represents the C in ABC. Check for circulation by placing two fingers at the carotid pulse below the jaw line at the neck.