The Cause And Effect For City Violence - 914 Words

What is the reason for all the madness that’s going on in our city today? I thought we were stopping the lack of jobs, no motivation, no child left behind, violence, and death. The world is changing everyday are we strong enough to handle those changes? Sure we are, in this paper I will show the cause and effect for city violence. Lack of Motivation As the result of no motivation or positive figures in most people’s life it leads to more crimes less caring people. With people not having someone there to encourage them it stems no low self-esteem and jealousy. Those two main things cause you to be angry and self-centered after that person won’t care about you and may cause them to harm you. For instance that’s just like when parents pay more attention to everything else but their child as time goes by that built up anger is taking out on someone who will have the spot light over them. Little Johnny childhood has been difficult in and out different foster homes different schools no support system and he doesn’t know his father just too much for this 13 year old. When he gets to college he decides to blow the school up graduation because he had no family on his big day no one for him. Lack of Jobs Hence the beginning of the year there were 3,140 jobs added to Augusta. The unemployment rate has gone down to 2.1%. With people not being able to feed their families they turn to stealing from stores, love ones and close friends. Sometimes your house will get burglarized orShow MoreRelatedEffects of Inner-City Poverty on Youth Essay example881 Words   |  4 PagesFebruary 16, 2013 The Effects of Growing Up In Urban High-Poverty Areas on Youth With the rising poverty levels in today’s society, the amount of youth that has been affected by poverty has increased substantially, rising more than fifty percent in the last twenty years. Studies show that there are at least nine million kids living in high-poverty areas of the United States. Children raised in poverty have no choice, but are forced to view the American dream in a very grim manner. For childrenRead MoreCause and Effect Essay: Tv1594 Words   |  7 Pageseverywhere one looks, violence is there rearing its ugly head. We see it in the streets, back alleys, school, and even at home. The last of these is a major source of violence. In many peoples living rooms there sits an outlet for violence that often goes unnoticed. It is the television, and many parents use it as a cheap babysitter for their children when there are busy doing chores or out running errands. Children who view it are often pulled into its realistic world of violence scenes with sometimesRead MoreThe City Of Baker Is Destroying Subdivisions And Commercial Properties938 Words   |  4 PagesThe city of baker is compromised of subdivisions and commercial properties, but also has lowlands, woodlands, and farmland. It is a small town located north of Baton Rouge and east of Zachary, La. Baker is mostly a rural area and most of the resources are 5- 10 min drive away There are approximately 13,835 residents, 198 businesses and five industrial operations in the city limits. The city is compromised of 8.5 square miles and there are 225 miles of roadways within the city limits. The total populationRead MoreInterpersonal Violence And Promoting Gender Justice829 Words   |  4 PagesCONNECT, Inc., is a New York City nonprofit organization dedicated to preventing interpersonal violence and promoting gender justice. It was founded in 1993 in NYC, and operates at a local level. CONNECT is a leading, non-profit training, educational and advocacy organization dedicated to the prevent ion and elimination of interpersonal violence. CONNECT’s multi-level approaches deal with both the systemic and individual roots of violence. In order to align with CONNECT’S mission, a major goal includesRead MoreEssay on Violence733 Words   |  3 PagesViolence is one of the most problematic issues society faces today, and it has been increasing day after day, in the streets of our cities. The most common description of what violence really is can be given as negativity towards something or someone either through physical or verbal actions, which often causes the victim to suffer pain. The different types of violence that exist in our multi-cultural society are out-numbered, but the most evident ones are domestic, gang, sexual, and racial violenceRead MoreThe Outcasts Of Society, The Lazy And Incompetent, Or The Victims Of Extreme Misfortunes?1607 Words   |  7 Pageschildren based on the report by the National Law Center on Homelessness and Poverty (Aratani). In 2005, 50 percent of the cities in the US were surveyed and reported domestic violence, classified as a traumatic life event, to be the primary cause of homeless (Philipps). The cities that were surveyed include Cedar Rapids, Chicago, Los Angeles, Burlington, Nashville, St. Paul, Salt Lake City, San Antonio, Trenton, Seattle, and Nashville. In addition, a survey carried out in 2003 about the homeless mothersRead MoreThe Causes of Abusing of Power and Violence Enforcement of City Urban Management Officers1069 Words   |  5 PagesFrom Law Enforcer to Violator of Human Right -----The causes of abusing of power and violence enforcement of City Urban Management officers City Urban Management Enforcement Bureau is a local government agency in mainland China that is in charge of maintaining the order of daily business activities of markets and streets in cities. This Bureau was established to deal with the increasing problems when China is inRead MoreWatching the World through Television1186 Words   |  5 Pagesalso violent programs portrayed. Violence in all aspects of the media has drawn public attention with practically every novel type of media entertainment (Slotsve et al., 2008). With children being the main audience, this is a topic that has become highly debatable. Over the years more and more cases have come to light alleging television is the culprit to violence. Beginning in 1994, a three year study was conducted. This utmost recognized study of violence in television, the National TelevisionRead MoreArgument Against Limiting Screen Time For Younger Children1428 Words   |  6 Pageseople would argue against limiting screen time for younger children. However some arguments can be made for letting children watch television when they are very young. A poor mouse lost its youth for the effects of overstimulation to be proven, and such a valiant sacrifice should not go in vain. Along with the sacrifice of the mice that served under Dr. Christakis, our future citizens are having their perceptions of reality augmented even before they go to preschool or kindergarten. Combined withRead MoreEssay On Collaboration Initiative1173 Words   |  5 Pagescollaborate to accomplish a mutual goal. The foundation will be awarding a grant to an agency that unifies the city and brings awareness to the drug and gun violence our youth are currently facing. There are many positive aspects to collaboration by creating an opportunity for concerned citizens to come together and combined their collective ideas and knowledge about what would work in their city and what would not work. A collaborative initiative is beneficial than th at of a ttraditional groups or organization

Biography of Catherine Parr, Sixth Wife of Henry VIII

Catherine Parr (c. 1512–Sept. 5, 1548) was the sixth and last wife of Henry VIII, king of England. She was reluctant to marry him—he had had his second and fifth wives executed—but saying no to a proposal from the king could have had serious consequences. She eventually was married four times, the last to her true love. Fast Facts: Catherine Parr Known For: Sixth wife of Henry VIIIAlso Known As: Katherine  or  Katharine ParreBorn: c. 1512 in London, EnglandParents: Sir Thomas Parr, Maud GreeneDied: Sept. 5, 1548 in Gloucestershire, EnglandPublished Works: Prayers and Meditations, Lamentation of a SinnerSpouse(s): Edward Borough (or Burgh), John Neville, Henry VIII, Thomas SeymourChild: Mary Seymour Early Life Catherine Parr was born in London around 1512, the daughter of Sir Thomas Parr and Maud Greene. She was the eldest of three children. Her parents were courtiers during the early years of Henry VIIIs reign. Her father was knighted at the kings 1509 coronation, and her mother was a lady-in-waiting to Catherine of Aragon, his first queen, after whom Catherine was named. After her father died in 1517, Catherine was sent to live with her uncle, Sir William Parr, in Northamptonshire. There, she received a good education in Latin, Greek, modern languages, and theology. Marriages In 1529 Parr married Edward Borough (or Burgh), who died in 1533.  The next year she married John Neville, Lord Latimer, a second cousin once removed.  A Catholic, Neville was the target of Protestant rebels, who briefly held Parr and his two children hostage in 1536 to protest the kings religious policies. Neville died in 1543. Parr had been widowed twice when she became part of the household of Princess Mary, the kings daughter, and attracted Henrys attention. Parr wasnt the first woman to draw the kings eye. Henry had put aside his first wife, Catherine of Aragon, and split with the Church of Rome to divorce her, so that he could marry his second wife, Anne Boleyn, only to have her executed for treason for betraying him. He had lost his third wife, Jane Seymour, who died from complications after giving birth to his only legitimate son, who was to become Edward VI. He had divorced his fourth queen, Anne of Cleves, because he was not attracted to her. He noticed Parr not long after he had had his fifth wife, Catherine Howard, executed for deceiving him. Knowing his history and, apparently, already engaged to Jane Seymours brother Thomas, Parr was naturally reluctant to marry Henry. But she also was aware that refusing him could have serious consequences for herself and her family. Marriage to Henry Parr married King Henry VIII on July 12, 1543, four months after her second husband died. By all accounts she was a patient, loving, pious wife to him in his last years of illness, disillusion, and pain. As was typical in noble circles, Parr and Henry had a number of common ancestors and were third cousins once removed in two different ways. Parr helped reconcile Henry to his two daughters, Mary, daughter of Catherine of Aragon, and Elizabeth, daughter of Anne Boleyn. Under her influence, they were educated and restored to the succession. Parr also directed the education of her stepson, the future Edward VI, and advanced her stepchildren with Neville. Parr was sympathetic to the Protestant cause.  She could argue fine points of theology with Henry, occasionally infuriating him so much that he threatened her with execution. She probably tempered his persecution of Protestants under the Act of the Six Articles, which  reasserted some traditional Catholic doctrine into the English Church. Parr herself narrowly escaped being implicated with Anne Askew, a Protestant martyr. A 1545 warrant for her arrest was canceled when she and the king reconciled. Deaths Parr served as Henrys regent in 1544 when he was in France, but when Henry died in 1547, she was not made regent for his son Edward. Parr and her former love Thomas Seymour, who was Edwards uncle, did have some influence with Edward, including obtaining his permission to marry, which they received sometime after they had secretly married on April 4, 1547.  She also was granted permission to be called the Dowager Queen.  Henry had provided her with an allowance after his death. She also was the guardian of Princess Elizabeth after Henrys death, though this led to a scandal when rumors circulated about a relationship between Seymour and Elizabeth. Parr apparently was surprised to find herself pregnant for the first time in her fourth marriage. She gave birth to her only child, Mary Seymour, on Aug. 30, 1548, and died only a few days later, on Sept. 5, 1548, in Gloucestershire, England. The cause of death was puerperal fever, the same postpartum complication that had taken Jane Seymour. There were rumors that her husband had poisoned her, hoping to marry Princess Elizabeth. Thomas Seymour was executed for treason in 1549, a year after his wifes death.  Mary Seymour went to live with a close friend of Parr, but there are no records of her after her second birthday. Although there have been rumors, it isnt known whether she survived. Legacy Catherine Parr sacrificed her love for Seymour and married  Henry VIII, a display of loyalty to the crown that has maintained her good reputation throughout English history. She took good care of her stepchildren, providing education and culture, and strongly encouraged stepdaughter Elizabeths education, which helped to make the future  Queen Elizabeth  one of the most learned monarchs in English history. Additionally, her support of Protestantism encouraged the translation of religious works into English and furthered the cause of the  Protestant Reformation  in England. Parr left two devotional works that were published with her name after her death: Prayers and Meditations (1545) and Lamentation of a Sinner (1547). In 1782, Parrs coffin was found in a ruined chapel at Sudeley Castle, where she had lived with Seymour up to her death. In time, a proper tomb and memorial were built there. Sources Catherine Parr. New World Encyclopedia.Katherine Parr. TudorHistory.org

Chesapeake Energy Corporation Is The Second Largest...

The Companies Chesapeake Energy Corporation is the second-largest producer of natural gas and the tenth-largest producer of liquids in the United States. It owns interests in approximately 46,800 natural gas and oil wells that produced a net interest average of approximately 665 mboe per day in the 2013 fourth quarter. The company has a large and geographically diverse resource base of onshore U.S. unconventional natural gas and liquids assets. It also owns substantial marketing, compression and oilfield services businesses. Cabot Oil Gas Corporation is an independent oil and gas company engaged in the development, exploitation and exploration of oil and gas properties. Its assets are concentrated in areas with known hydrocarbon resources conducive to multi-well, repeatable drilling programs. It operates in one segment, natural gas and oil development, exploitation, exploration and production, with all located in the continental U.S. Cabot is the thirteenth largest producer of natural gas in the U.S. In addition to the competition between the two firms addressed, fierce competition exists from other oil and gas producers, particularly ExxonMobil, the number one producer of natural gas in the United States. Macroeconomic Risks Both Chesapeake’s and Cabot’s revenues, operating results, financial condition and ability to obtain outside capital depends substantially on prevailing prices for natural gas and oil. Lower commodity prices may reduce the amount of natural gas andShow MoreRelatedChesapeake Energy Is The Second Largest Producer Of Natural Gas2324 Words   |  10 PagesExecutive summary Chesapeake Energy is the second largest producer of natural gas in United States. The company invented horizontal drilling and proved to be an expert of unconventional drilling. Having the drive and commitment to achieve great accomplishments Chesapeake managed to set operation efficiency standard in the industry with their core values of integrity, trust and transparency. Although having financial issues with acquiring more debt and less liquid capital, the company managed toRead MoreInternational Business3096 Words   |  13 Pagesoperation in Melbourne in 1885 which is one of Australia’s largest and oldest companies, and it focused on development, discovery, production, and marketing of natural resources. In value-added flat steel products, BHP was also a market leader. In 1860, Billiton was established in The Hague, Netherlands. Billiton developed a growing and substantial copper portfolio. It was also a global leader in the metals and mining sector, and a major producer of aluminum and alumina, steaming coal, nickel, and titaniumRead MoreExxon Mobile Capstone40455 Words   |  162 Pages............................................................10   MACRO  ENVIRONMENTAL  FORCES  ANALYSIS,  ECONOMIC  TRENDS  AND  ETHICAL  CONCERNS .....................................................................10   Upstream  and  Downstream  Oil  and  Natural  Gas ............................................................................................................................. 10   Petrochemical  Industry ...........................................................................................Read MoreDamodaran Book on Investment Valuation, 2nd Edition398423 Words   |  1594 PagesINVESTMENT VALUATION: SECOND EDITION I will be putting my entire second edition online, while the book goes through the printing process - it will be available at the end of the year. This may seem like a bit of a free lunch, and I guess it is. I hope, though, that you can do me a favor as you go through the manuscript. If you find any mistakes - mathematical or grammatical - could you please let me know? It would help me ensure that the typos do not find their way into the final version. Chapter

Reflection Paper - 1322 Words

Throughout the course of the semester we have covered three different philosophers and how those three philosophers think differently. Our first philosopher was Friedrich Nietzsche. The second philosopher was Maurice Merleau-Ponty. The third and final philosopher was Martin Heidegger. This paper is going to consists of Martin Heidegger’s work and how he thinks his way through the journey of his life. â€Å"To think is to confine yourself to a single thought that one day stands still like a star in the world’s sky.† Before Martin Heidegger starts his letter, he inserts this quote. Heidegger is well known for this quote because it speaks to everyone reading it. He is telling his readers that thinking is just another form of being lazy, you have†¦show more content†¦Ã¢â‚¬Å"Language is the house of Being.† This saying means that we view the language more as a tool, something always there for us to use. We tend to take advantage of the situation and think that we do not have to think through our problem. We live in our language and we live our lives determined by the langue. We think so far as we bring being to language. Heidegger strongly believes that we put action above thinking because we tend to act on our emotions and not our thoughts. He tries to get his readers to understand that thought is actually the most important. It correlates being and langu age together because we have to think through things before we act upon them. â€Å"What throws in projection is not man but Being itself, which sends man into the ek-sistence of Da-sein that is his essence. This destiny propriates as the clearing of Being – which it is. The clearing grants nearness to Being. In this nearness, in the clearing of the Da, man dwells as the ek-sisting one without yet being able properly to experience and take over this dwelling,† Heidegger says. We tend to dwell in between two areas, the beings and the Being. We do not realize that we are dwelling here and tend to forget things. Heidegger calls this â€Å"homelessness.† During this dwelling, we are lost toShow MoreRelatedReflection Paper On The Humanities Field1071 Words   |  5 Pages Over the course of this semester each paper that was written helped to introduce me and my fellow classmates to different formatting, and genres of writing. A lot of knowledge was gained from writing these papers and I was able to compare and contrast the disciplinary writing s and notice what makes each of them stand out. Reflecting back on these individual papers helps to express what I have learned. The first paper that was written was the humanities essay. The humanities essay helped to provideRead MorePersonal Reflection Paper On English1015 Words   |  5 Pages Reflection Paper English has never been my strong suit. I always hated English simply, because I never concerned myself as a writer. 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I must have been six or seven years old when I read it for the first time from the old Bible of my uncle. I remember being absolutely awestruck by the great power of God who ordered and things came to be.  At that time, I imagined the author of the Biblical text as being an eyewitness to

Principles of Economics Structural

Question: 1. Explain why real GDP might not be an unreliable indicator of the standards of living. 2. Why does unemployment arise and what makes some unemployment unavoidable? 3. Consider the following statement: When the average level of prices of goods and services rise, inflation rises' Do you agree or disagree? Explain. 4.What is the aggregate demand (AD) curve and why does it slope downwards? Explain. 5. What is the long-run aggregate supply (LRAS) curve and why is it vertical? Why does the short-run aggregate supply curve slope upwards? Answer: 1. Utilizing GDP to quantify the prosperity of people in a given economy presents different impediments which make the system questionable with regards to the measuring of the ways of life. One reason why real GDP can't be utilized to gauge the nation's well-being is the way that it doesn't consider the leisure time. Relaxation time is a vital item which contributes a ton to the economic prosperity and performance of a person. Accordingly, keeping different variables consistent, the more leisure time we have, the happier we are. Another reason why the strategy is unreliable in measuring standards of living is that gross domestic product does not figure fundamental components, for example, air, and water contamination. (Coyle, 2014, p.76-119). Two economies of two different countries may have similar GDP, yet one contains contaminated water and air while the other economy doesn't have any contamination. The way of life between these economies will be distinctive, yet this won't be indicated in the real GDP. Real gross domestic product concentrates on products which pass through the markets and ignores those goods which are usually produced for subsistence purposes only. Subsistence farming is among the main economic activities which take place in under-developed and developed countries. Failure to include subsistence farming in the country's GDP implies that the well-being of that particular nation is low. 2. Seasonal unemployment is a type of unemployment which arises as a result of the changes in demand which occurs regularly in a given periods of the year. (Janoski, Luke, Oliver, 2014, p. 105-123). Examples of industries where this type of unemployment is experienced include tourism and farming. Structural unemployment happens because of the long-term reduction in the demand in a particular industry prompting to less opportunity as demand for labor reduces. The latest supplanting of robots with human labor in different assembling enterprises, for example, the car industry is a case of structural unemployment. Aside from the replacement of robots with human work, structural unemployment may likewise be accordingly of global rivalry brought by globalization and changes in relative comparative advantage. Cyclical unemployment is brought on by the absence of demand for the available products. It emerges when the economy of a given nation is below the required capacity. A good example is a point at which an economy encounters the recess period whereby the total demand will reduce leading to a reduction in the level of yield and negative economic development. Due to lack of demand for goods and services, companies usually produce a limited quantity of output. Less output means that the organization will earn less income and may prompt the company to lay off some of the employees to reduce various fixed expenses. Continuous transformation of various industries from labor to capital intensive and changes in economic phases such as boom and recession make unemployment to be unavoidable. 3. I agree with the statements that rise in the average cost of products and services prompts to increment in inflation. Inflation is defined as the rise in prices of commodities and services which leads to decrease in the purchasing power of the currency. From the definition, we can safely say that there is a positive correlation between inflation and the prices of goods and services. When the rate of inflation is high, the commodity prices also become high. Too much money in the economy means that a lot of cash is in the hands of the people. Having a lot of money means that individuals will either choose to spend the money or save. But due to low-interest income which individuals will get as a result of saving, many people will decide to spend the extra amount of money also known as discretionary income. Discretionary or disposable income is defined as the remnant of the individuals' basic salary after other deductions such as PAYE have been subtracted. (Rogers, Jalal, Boyd, 2008, p. 300). Since many consumers will choose to spend the disposable income, there will be an increase in demand for goods and services. The increase in demand will force the sellers and suppliers to increase in prices of the commodities and services as a measure to counter the inflating demand. The average prices of goods and services will increase or reduce based on the increase or decrease in the rate of inflation respectively. Therefore, we can conclude that, when the overall prices of commodities increases, inflation also increases. 4. The aggregate demand curve is defined as the sum of overall demand for final products and services in a given economy at a particular period. When the curve slopes downward, it implies that as the prices of the goods and services decrease, the level of output on the other hand increases. It also means that when the level of prices reduces, the level of national income increases. There are three main reasons why the curve slopes downwards. The reasons are Mundell-Fleming's exchange rate effect, Pigou's Wealth effect, and Keynes's interest rate effect. According to Mundell-Fleming's exchange rate effect, when the prices of products reduce, the interest rates also reduce. Reduction in interest rates may force the investors to withdraw their domestic investment and concentrate in foreign investment since domestic investment provides low-interest income. (Sparknotes, 2016, par. 4). Apart from an increase in foreign investment, there will be depreciation in the exchange rate and increas e in the net exports which will translate to increase in aggregate demand. The second reason is Pigou's Wealth effect. The nominal value of the currency is fixed, but the real value of money depends on the level of prices. Reduction in the level of prices leads to increase in the level of consumer consumption. High level of consumption leads to increase in aggregate demand. The third reason is Keynes's interest rate effect which postulates that reduction in the price level leads to a reduction in the level of interest rates and increase in investment which in turn increases the aggregate demand. 5. The long-run aggregate supply curve is defined as a graphical representation of the long-run relationship between the price and the output. It is a period which is efficient for companies to arrange various factors of production to meet the expected economic profits or losses. The LRAS curve is vertical since, in the long run, the quantity of goods and services generated relies on the technology, natural resources, labor, and capital present in an economy and not the price. Salaries and prices are highly flexible, and this means that when there's a change in the level of prices as a result of inflation, wages and other factors of production respond accordingly. For example, if the prices of commodities are doubled or reduced by half and the wages adjusted consequently, there will be no change and the economy will remain at full-employment. Short-run aggregate supply curve slopes upward because the supply curve is drawn based on a fixed nominal variable such as wage rate. In the short-run period, wages are fixed, and therefore, any rise in the prices leads to high profits due to increasing in output level. (Gans, 2011, p. 858). References Coyle, D. 2014. GDP: A brief but affectionate history. Princeton, New Jersey: Princeton University Pres. https://search.ebscohost.com/login.aspx?direct=truescope=sitedb=nlebkdb=nlabkAN=1063822 Gans, J. (2011). Principles of economics. South Melbourne, Vic: Cengage Learning. Janoski, T., Luke, D., Oliver, C. (2014). The causes of structural unemployment: Four factors that keep people from the jobs they deserve. Cambridge, UK: Polity Press. https://search.ebscohost.com/login.aspx?direct=truescope=sitedb=nlebkdb=nlabkAN=808923. Rogers, P. P., Jalal, K. F., Boyd, J. A. 2008. An introduction to sustainable development. London: Earthscan. https://public.eblib.com/choice/publicfullrecord.aspx?p=429931. Sparknotes 2016. Agrregate Demand. [Online]. Available from: https://www.sparknotes.com/economics/macro/aggregatedemand/section2.rhtml. [Accessed 7 January 2017].

Financial Performance EasyJet Plc Vs Flybe Group Plc - Sample

Question: Discuss about theFinancial Performance of EasyJet Plc Vs Flybe Group Plc. Answer: Introduction Easyjet and Flybe Plc are both airline companies based in UK. The report aims to compare the financial performance of the two companies for the year 2014-2015 using tools like ratio analysis. The annual report of both the companies was used to do the financial analysis and comment on the performance. This report would be useful to various stakeholders like investors, creditors and management. Even though the report captures most of the events of both companies for the said financial year, yet the stakeholders may completely be not dependent on the report alone for their decisions as the report possesses some limitations with respect to qualitative factors which have not been taken into consideration. Easyjet is the second largest airline that operates in Europe. The company has a fleet of 241 aircrafts and operates on 735 routes.(yahoo. Finance, 2016). The company is known for providing affordable flying for short haul distance. Other than flying the passengers, it also engages in leasing and trading of aircrafts. The airline is also a provider of graphic design services. The company is headquartered in Luton, UK. Flybe Plc is also a provider of airline services. The company carries its operations through two segments Flybe UK and Flybe Aviation services. The Flybe UK segements offers passengers transportation services in the United Kingdom and also passengers transportation services from UK to the rest of Europe. The company has a fleet of 74 aircrafts. (yahoo.finance, 2016). The Flybe Aviation services indulges in providing aviation services like repair and maintenance, services to third party customers and overhaul services in Western Europe. The company is based in Exeter, UK. Financial Statement Analysis The financial analysis of a company can be carried with the help of ratios. A comparison of the above two companies for the year 2014-2015 has been done. The ratios can be dividend into five categories i.e. profitability, liquidity, capital structure, efficiency and market performance. Profitability Easyjet Plc Flybe Plc Particulars 2014 2015 2014 2015 Operating profit margin 12.8% 14.7% 0.2% -2.2% Net profit margin 9.9% 11.7% 1.3% -6.2% Return on assets 13.0% 14.3% 0.2% -2.3% Return on equity 20.7% 24.4% 4.1% -25.5% (Easyjet, 2015) (Flybe, 2015) Easyjet has an increasing trend in all the profitability ratios. The companys operating profit margin has increased to 14.7% in 2015. This is mainly due to an increase in revenue by 3.5% in 2015. The increase in revenue is on account of increase in passenger volumes and increase in price. The airline majorly operates in Western and Northern Europe which has a strong demand for airline given its rich and need based customers. With a strong economic growth, the demand for both personal and business travel increased resulting in higher revenue. Also due to its quality service and network, the airline has loyal customers. Another reason is a fall in operating costs due to a fall in fuel price which is the major cost contributor. Even the currency was stable resulting in low costs. Even though other cost pressures, the company mitigated the same with its previous savings. The return on asset increased by 1.3%. The total assets have increased in plant equipment as the company acquired 20 aircrafts in 2015 as part of its strategy to increase the network. Even though the total assets have increased, still there in an increase in the return due to an increased EBIT more than the increase in assets. The return on equity has increased by 4% as the profits available to shareholders have increased with no change in share capital. Flybe Plc has had a bad year in 2015. The company profits have turned into losses. This is as a result of a fall in revenue and an increase in costs. The company undertook a turnaround strategy in 2013 where it decided to become a regional airline as a result of which it has changed its fleet of aircrafts from expensive E-jets to more reasonable turboprops. The revenue fell in 2015 due to a fall in capacity. The cost has increased manifold including reasons like loan revaluation loss of 10 million, loss on discontinued operations of the Finland joint venture. The company still has 7 E-jets to be divested which have huge maintenance costs, thus draining the profits. The company has not been able to cash on the falling fuel prices as the fuel price is forward hedged by Flybe, thus current low prices do not impact them. Therefore all above reasons led to incurring losses for the company in 2015. The return on assets and return on equity have reduced significantly mainly due to falling p rofits. both total assets and equity have not changed much. Easyjet has a higher profitability as compared to Flybe. Liquidity Easyjet Plc Flybe Plc Particulars 2014 2015 2014 2015 Current ratio 0.89 0.72 1.41 1.20 (Easyjet, 2015) (Flybe, 2015) The current ratio of Easyjet has decreased in 2015 signifying low liquidity. Moreover the ratio is less than 1 which means the current assets are not sufficient to pay for the companys current obligations. The companys payables are much higher than its receivables and also it has increased borrowings in 2015 along with derivative financial instruments. Flybe has a reasonable liquidity above 1 in both the years. The current ratio has decreased in 2015 as the liabilities have increased whereas the current assets have not increased in the same proportion. Flybe has better short term liquidity. Efficiency Ratios Easyjet Plc Flybe Plc Particulars 2014 2015 2014 2015 Receivables turnover 22.6 22.7 7.2 5.8 Total asset turnover 1.01 0.97 1.13 1.03 (Easyjet, 2015) (Flybe, 2015) Easyjet has a impressive receivables turnover ratio which means the company is efficient in collecting its receivables on time and thus will not face any cash crunch. The company has a positive cash flow in 2015. The total assets turnover is equal to 1 has decreased further in 2015 which means the efficiency with which the assets are being used to generate sales has reduced. FLybe has a very low receivables turnover because receivables have increased and sales have decreased. This shows inefficient working capital management. However, the company has a better assets turnover ratio. Flybe is efficiently utilizing its assets to generate sales whereas Easyjet has a better working capital management. Capital Structure Easyjet Plc Flybe Plc Particulars 2014 2015 2014 2015 Debt ratio 0.52 0.53 0.65 0.75 Debt to equity ratio 1.1 1.1 1.8 3.0 (Easyjet, 2015) (Flybe, 2015) Easyjet has a low debt ratio which has remained unchanged in 2015. The company has low gearing with lower cost of funding and a higher operational flexibility. The company has a capital structure where equity and debt are in equal proportions. This makes the company less risky. Flybe has a higher debt and debt to equity ratio which means it has a riskier capital structure where there is more debt than owners funds in the companys funding. The debt ratio has increased in 2015 due to a higher increase in total liabilities than an increase in total assets. Most of companys assets have been financed through debt. The debt equity ratio has increased considerably from 1.8 to 3, this is because of a decrease in equity and an increase in total liabilities. There is no change in share capital; however the equity has decreased due an increase in deficit in retained earnings as the company is incurring consecutive losses in these years. Easyjet has a more stable capital structure. Market Performance Easyjet Plc Flybe Plc Particulars 2014 2015 2014 2015 EPS 114.5 139.1 10.2 -10.93 Dividend yield 3.42 3.06 0 0 Price/earnings ratio 12.43 12.77 12.89 -5.31 (LSE, 2016) The EPS of Easyjet has increased in 2015 due to an increase in return available for shareholders as there is no change in the issued capital. The dividend yield has remained more or less the same which means the company has a stable dividend payment policy. The company has an increasing PE ratio of 12.5 approx. This means the share price of the company has increased more than the increase in EPS. This shows positive sentiments of investors with respect to the shares of Easyjet making them a valuable investment. The increasing profit margins year on year have led to increase on the share price making it a sought after investment. Flybes EPS has become negative in 2015 due to losses incurred. There is no change in the share capital. The company has not paid dividends in the last two years, hence the dividend yield is 0 for both the years. The company has a good PE ratio in 2014 but the ratio has become negative in 2015 due to losses incurred which have resulted in a negative EPS. The companys share price has fallen to its lowest in 2015-16. (Strang, 2016). As a result the PE ratio has also fallen. Easyjet has a way better market performance even in a tough environment in the UK as a result of the Brexit vote. All airlines have suffered but since Easyjet is a strong competitor, the companys profits have fallen only to some extent in 2016. The market performance of Flybe is very poor with negative returns. However, since the company has completed the three year transformation strategy in 2016, it has become profit making from a loss making airline. The market sentiments are still negative. Performance Factors There may be various performance factors which may be taken into consideration to assess the overall performance of the airline. Easyjet Plc The financial performance of the company has been good in both 2014 and 2015. Other factors which have affected the companys performance are discussed below: a) Disruption in operations there was a disruption in operations in the year 2015 due to French ATC strike in April and a fire broke out at the Rome Fiumicino airport. As a result of this, the flights got delayed and caused inconvenience to the customers resulting in low customer satisfaction. (BBC, 2015) b) Constant currency there was a fall in the price of fuel during 2015 as a result of constant currency. The fall in fuel prices led to a decrease in operating costs and thus the profit margins of the company increased. Flybe Plc a) Three year transformation program The new CEO Saad Hammad in 2013, introduced a new transformation strategy for the company. The aim of the strategy was to place Flybe as a regional airline. As a result of this, the company has replaced its E-jets with turboprops. The company has been able to replace all its E-jets except seven ones remaining which are a big drain on profits, thus reducing the profits. The company has also recruited new employees in the company. Though the current financial performance of the company has been hindered, but it is believed that the company is now better aligned to its strategic objectives. (Flybe, 2015) b) Forward hedging the fuel prices have gone down but the company did not benefit from that because it has forward hedging on oil prices and as such the benefits will be achieved in the future. Thus the operating costs have increased. (Flybe, 2015) Conclusion From the above discussion, we see that Easyjet has a better overall financial performance as compared to Flybe group. From the investor point of view, Easyjet has a better profitability and market performance and a stable dividend payment policy thus maximizing returns for the shareholders. Flybe is not an attractive option for a potential investor as the company is making losses and has more debts than equity. The market performance is poor. From the creditor point of view, Easyjet has a better stability as it has a stable capital structure as compared to Flybe. From management point of view, efficiency ratios and liquidity ratios are important. Flybe has a better working capital management which means that the company may be on the right path to achieving its objectives as per its strategy. Easyjet has low liquidity. References EasyJet Plc, (2015), How 20 Years Have Flown, EasyJet Plc Annual Report and Accounts Flybe Plc, (2015), Continuing Our Transformation, Flybe Group Plc Annual Report 2014/15 Strang, A., (2016), Can This Share Avoid a Crash Landing, accessed online on 16th November, 2016, available at https://www.iii.co.uk/articles/365755/can-share-avoid-crash-landing?context=LSE:FLYB BBC, (2015), Chaos at Rome Fiumicino Airport after Terminal Fire, accessed online on 16th November, 2016, available at, https://www.bbc.com/news/world-europe-32622652 Yahoo.finance, (2016),Easyjet Plc (EZJ.L), accessed online on 16th November, 2016, available at https://uk.finance.yahoo.com/q/pr?s=EZJ.L Yahoo.finance,(2016) Flybe Group Plc(FLYB.L), accessed online on 16th November, 2016, available at https://finance.yahoo.com/quote/FLYB.L/profile?p=FLYB.L LSE, (2016), FLYBE GROUP PLC ORD 1P, accessed online on 16th November, 2016, available at https://www.londonstockexchange.com/exchange/prices/stocks/summary/fundamentals.html?fourWayKey=GB00B4QMVR10GBGBXSSMM LSE, (2016), EASYJET PLC ORD 27 2/7P, accessed online on 16th November, 2016, available at https://www.londonstockexchange.com/exchange/prices/stocks/summary/fundamentals.html?fourWayKey=GB00B7KR2P84GBGBXSET1