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Frankenstein, By Mary Shelley - 1040 Words

In 1818, a book titled Frankenstein was published anonymously, mysteriously dedicated to William Godwin, a prominent journalist and political philosopher of his time. The immediate reviews of the novel were mixed, most edging towards critical, although no one knew who the book was written by. However, while Frankenstein failed to gain popularity immediately, no one had any idea the lasting impact this novel would have on the world. Despite the lukewarm reception at its debut, it soon proved to be a huge success, rocketing to the front of the growing gothic horror fiction trend and staying there. Considered the first science fiction novel, Mary Shelley’s book was the inspiration for the mad scientist archetype that has formed the basis for countless other movies, books, costumes, and even breakfast cereals. This widespread success soon led to a film adaptation of the novel, which ultimately took a different take on the story through its many differences from Shelley’s bo ok. Despite being based on the novel, the film’s interpretation of the creation was much different. In writing Frankenstein, Shelley was trying to draw attention to the psychological concerns with expanding scientific capabilities. As a current exhibit on the author states, â€Å"The image and story of the monster are much more than consumer commodities. They continue to help people articulate anxieties about the possibility of science changing the traditionally accepted boundaries of nature. It isn’t hard to seeShow MoreRelatedFrankenstein, By Mary Shelley1650 Words   |  7 Pagesbook of Frankenstein does one just think of a mythical science fiction book that really has no meaning? Frankenstein can have numerous meanings depending on how a person perceives it. Frankenstein can be analyzed into many themes; some say religion, feminism, or scientific symbolization, it all depends on ones own perception. When one analyzes further into Mary Shelly’s life and then int erprets the novel it is obvious that is a sociological theme. One can simply assume that Mary Shelley creates FrankensteinRead MoreFrankenstein by Mary Shelley1093 Words   |  4 Pagesfaster than man can contend with. That argument is the premises, moral, and plot base for Mary Shelleys tale Frankenstein. On the other hand, J. Michael Bishops, essay Enemies of Promise   on the other hand promotes and boast sciences achievements. However, Mary Shelley presents her point of view subtly yet very dramatically, which is much more effective than that of J. Michael Bishop. The dramatic story Shelley creates becomes a part of the reader, therefore holding the readers attention. ShelleysRead MoreMary Shelley Frankenstein859 Words   |  4 Pages Mary Shelley The Creature in Mary Shelley’s â€Å"Frankenstein or the Modern Prometheus† needs a companionship as every ordinary human. Every man needs a woman, who will able to share moments of happiness and sadness, a woman who will be able to share thoughts and of course a woman who will be able to love a man. In this case the Creature needs a bride. But the problem is that the Creature from the â€Å"Frankenstein or the Modern Prometheus† is not a human. SoRead MoreFrankenstein, by Mary Shelley1138 Words   |  5 PagesIs Frankenstein a man, whose ambition led to a disaster; or a monster, which created a life with disregard for the human race? Frankenstein, in my opinion, was the monster not the life that he had created. Frankenstein never admitted to his family what he had done, never admitted responsibility for his actions. He might as well have killed Elizabeth, William, Justine, and Clerval with his own hand. The so called â€Å"Monster† only wanted companionship; he did not want to murder those people. TheRead MoreFrankenstein, By Mary Shelley1325 Words   |  6 PagesI have been informed that you are pushing to remove the book Frankenstein by Mary Shelley from the school curriculum. I’ve decided to write to you and explain why I believe that you are misinformed, and in fact, why this is a huge importance to the students of today. Frankenstein is a classic which recounts the life and horrors of Victor Frankenstein, as told through a series of letters and narrations. His obsession with the natural world and science brings him to a state of mind which ultimatelyRead MoreFrankenstein, By Mary Shelley1580 Words   |  7 PagesFrankenstein by Mary Shelley is a sci-fi novel written during the Romantic Movement in Britain’s early nineteenth century. The movement was stimulated by the French Revolution, Industrial Revolution and in reaction against the emphasis on reason in eighteenth-century Enlightenment philosophy (The Romantic Movement, 2014 ). Mary Shelley’s husband, Percy Shelley was also a romantic poet during the movement. Shelley’s novel is evidently influenced by her relationship with her husband, which is illustratedRead MoreFrankenstein by Mary Shelley739 Words   |  3 Pagesinterconnections of humanity, nature, and divinity (â€Å"Romanticism 1†). English Romanticism being trendy in Europe, people would vent their outlooks onto their personal fiction works such as Mary Shelley. Shelley uses vivid creativity and romantic elements to create one of her admired novels, Frankenstein. In Shelley’s novel, Frankenstein, most of the characters prove their compassion for mankind, prove their rejection of technology and science, and prove their involvement in a romantic quest. These several characteristicsRead MoreFrankenstein, by Mary Shelley1078 Words   |  5 PagesMary Shelley’s Frankenstein has undoubtedly withstood the test of time. Frankenstein’s direct association with fundamental Gothic literature is extremely renowned. However, the novel’s originality is derived from the foundational thematic values found within the relationship (or lack there of) between Victor Frankenstein and the monster he had created, in combination with a fascinatingly captivating plot. Understandably, Frankenstein can often be associated with a multitude of concepts; however,Read MoreFrankenstein, By Mary Shelley1532 Words   |  7 PagesLike any author, especially one who created a new genre, there will be criticism, and Shelley is no exception. Shelley received criticism surrounding Frankenstein not only because she was a female writer, but because of her writing style. Originally, Frankenstein was published anonymously and was thought that her husband, Percy Shelley, wrote it (â€Å"Mary Shelley Biography† 2016). Shelley may have published Frankenstein anonymously because â€Å"’women understood that they got a â€Å"better hearing† if it was thoughtRead MoreFrankenstein by Mary Shelley1223 Words   |  5 Pagesto have multiple narrators telling a story? In Mary Shelley’s gothic novel, Frankenstein, three main narrators tell the story about the creation of a monster and the events that follow. The job of narrator shifts between Robert Walton, Victor Frankenstein, and the monster that Victor creates. As each narrator shares his own recollection of the events that occurred, new facts are introduced to put the pieces of the puzzle together. Although Frankenstein uses multiple narrators to tell the story, it

Financial performance of publicise traded - Myassignmenthelp.Com

Question: 1. From your firms financial statement, list each item of equity and write your understanding of each item. Discuss any changes in each item of equity for your firm over the past year articulating the reasons for the change. 2. What is your firms tax expense in its latest financial statements? 3. Is this figure the same as the company tax rate times your firms accounting income? Explain why this is, or is not, the case for your firm. 4. Comment on deferred tax assets/liabilities that is reported in the balance sheet articulating the possible reasons why they have been recorded. 5. Is there any current tax assets or income tax payable recorded by your company? Why is the income tax payable not the same as income tax expense? 6. Is the income tax expense shown in the income statement same as the income tax paid shown in the cash flow statement? If not why is the difference? 7. What do you find interesting, confusing, surprising or difficult to understand about the treatment of tax in your firms financial statements? What new insights, if any, have you gained about how companies account for income tax as a result of examining your firms tax expense in its accounts? Answer: Answer 1 There are three major items in the balance sheet of the companies and one of these items is Equity. There is not any exception of this fact in case of Retail Food Group (RFG). According to the Balance Sheet 2017 of RFG, there are three major items under equity; they are Issued Capital, Reserves and Retained Earning. Issued capital is considered as the equity of the business organizations (Saunders and Cornett 2012). Business organizations use to raise one portion of capital required for their businesses. The calculation of issued capital is done by multiplying the number of shares of stock outstanding by the par value of the shares. According to the annual report of RFG, an increase in issue capital can be seen in 2017 as compared to 2016; that is $ 402,472,000 in 2017 from $ 324,072,000 in 2016 (rfg.com.au 2017). The major items under issues capital are issue of ordinary shares, cost of the issue of shares and income tax related to issue of shares. The next item in the equity of RFG is Reserves. Under the concept of financial accounting, reserve is considered as a part of the companys equity. This is considered as the extra amount except for basic share capital. The latest annual report of RFG states that there is an increase in equity reserves in 2017 as compared to 2016; that is $ 106,000 in 2017 from $ 1,495,000 in 2016 (rfg.com.au 2017). In RFG, three components of equity reserves are reserve for equity settled employee benefit, reserve for foreign currency translation and reserve for hedging. The next item under the equity of RFG is Retained Earning. It represents the total profit and losses of the company from the time of its formation decreased by any dividend paid by the shareholders. The latest annual report of RFG states that the company has retained more earnings in the year 2017 as compared to 2016; that is $ 62,594,000 in 2017 from $ 52,555,000 in 2016 (rfg.com.au 2017). The positive retained earnings state that RFG has more profits than losses. T he components of retained earnings in RFG are net profit attributed towards the members of the company, dividends given or paid and impact of restatement (Almazari 2012). All these above-discussed components are the major items of equity in RFG. Answer 2 In the business organizations, different types of expenses can be seen like selling expenses, administrative expenses and many others. One of such expenses is Tax Expenses. In addition, tax expense is considered as a major liability of the companies owing to the federal, state and municipal governments of the country (Chetty and Hendren 2013). The calculation of tax expense is done by multiplying the appropriate tax of the business by the income before taxes after factoring some major items like non-deductable items, tax assets and tax liabilities. There is not any exception of this fact in case of RFG as the company has its tax expenses. According to the latest annual report of RFG, the company has reported $ 87,613,000 in 2017 and $ 76,583,000 in 2016 as their profit from continuing operations before income tax (rfg.com.au 2017). According to the regulations of Australian Tax Law, the corporate tax rate for the Australian companies is 30%. Based on the tax rate of 30%, the total ta x expenses of RFG is $ 25,686,000 in 2017 and $ 23,620,000 in 2016 (Burman and Phaup 2012). This is the main tax expenses of the company for 2017 and 2016. It can be observed that there has been an increase in the total tax expenses of the company due to the rise in income for the company in 2017 as compared to 2016. Answer 3 From the above discussion, it can be seen that RFG has $ 87,613,000 in 2017 and $ 76,583,000 in 2016 as profit from continuing operation before changing income tax. In addition, the latest annual report of RFG states that the company has used the rate of 30% in financial year 2017 and 2016. In the rate of 30%, the total income tax expenses of RFG should be $ 26,284,000 ($ 87,613,000*30%) in 2017 and $ 22,975,000 ($ 76,583,000*30%) in 2016. However, the actual tax expense for RFG in 2017 and 2016 is $ 25,686,000 and $ 23,620,000 respectively (rfg.com.au 2017). Thus, a clear difference in the tax expenses of RFG can be seen. In case of RFG, there are some specific reasons for the differences in the tax expenses in spite of having the same tax rate of 30%. There are some specific items that are either included or excluded in the preliminary total tax expenses. These items can be considered as the reasons for the difference in tax expenses. In RFG, there are five such items having additi onal effects on the total tax expenses of the company. The first item is non-deductable expenses for the determination of taxable profits (Piketty and Saez 2013). There are some expenses in RFG that should not be deducted from income of the company. As a result of this, $ 879,000 and $ 638,000 added in 2017 and 2016 respectively (rfg.com.au 2017). The next item is the presence of different tax rates for the subsidiaries of the company. RFG has 30% tax rate. However, the subsidies of RFG have 28% tax rate in New Zealand and 34% in United States of America. Due to this difference in tax rate, $ 12000 and $ 17000 is deducted from the original tax expenses of the company. The third item is the presence of deferred tax assets. Companies get tax benefits for the presence of deferred tax assets (Piketty and Saez 2012). For this reason, $ 177,000 deducted from the tax expenses of RFG in the year 2016. There are some other items that are required to be added back with the tax expenses of RFG . Due to this, $ 82000 and $ 201,000 was added. The last item is the presence of non-assessable incomes. Some incomes are not required to be assessed under taxation. Thus, $ 1,547,000 is added with the total tax expenses. Answer 4 Deferred tax assets and liabilities are two of the major concepts for the tax operation of the companies. Deferred tax assets refer to the situation where the companies overpay taxes or pay taxes in advance on their financial assets (Laux 2013). On the other hand, deferred income tax liabilities represent a situation where difference can be seen in the profit and tax carrying value of the company (Harrington, Smith and Trippeer 2012). In case of RFG, it can be seen that the company has reported both their deferred tax assets and liabilities in the statement of financial position. It shows that RFG has deferred tax assets of $ 13,657,000 in 2017 and $ 7,394,000 in 2016. In addition, the company has $ 119,433,000 in 2017 and $ 115,908,000 in 2016 as deferred tax liabilities (rfg.com.au 2017). Considering the accounting rules and regulations of deferred tax and assets, there are some reasons for the development of deferred tax assets and liabilities. In case of deferred tax assets, the reason may be the excess payment of depreciation by the company due to the difference in depreciation and taxable depreciation rate. Due to the excess payment in depreciation, RFG will not have to pay the additional tax in next year; thus, it is considered as an asset. In case of deferred tax liabilities, it may be happened due to the temporary differences in company profits, the company had to pay less taxes in the current year (Gallemore et al. 2012). Thus, it is required for the company to pay that in the next years. For this reason, it is considered as liability. Answer 5 Current tax assets or income tax payable is considered as an important aspect for the business organizations. In the annual reports of RFG, the company has reported about their current tax assets. According to 2017 statement of financial position of RFG, it can be observed that RFG has not reported any amount for current tax assets in the year 2017. However, in the year 2016, the company reported $ 4,455,000 as their current tax assets. In addition, in the year 2017, RFG has reported $ 2,546,000 as their current tax liabilities or current tax assets (rfg.com.au 2017). In companies, it can be seen that there is a difference between income tax expenses and income tax payable and some specific reasons can be held responsible for this disparity. The first reason is the presence of deferred tax assets. There are many instances where the company pays extra amount of taxes as compared to the tax expenses (Rego and Wilson 2012). In this situation, the extra amount of tax paid will be considered as deferred tax assets that create the difference. The next reason is the difference between the rules of financial accounting and the rules of tax accounting. Under this aspect, the example of depreciation can be mentioned. Difference for depreciation can be seen under financial accounting and tax accounting for different rate of depreciation (Khurana and Moser 2012). Thus, the amount of final depreciation payable can be either increased or decreased. Thus, these are the main reasons behind the differences between income tax payable and income tax expenses. Answer 6 In the financial statements of RFG, the company has mentioned about their tax expenses in the income statement and in the statement of cash flows. However, it can be observed that RFG has reported two different set of amounts in income statement and cash flow statement. In the income statement, RFG reported $ 25,686,000 in 2017 and 23,620,000 in 2016 as income tax expenses; and in the statement of cash flows, RFG reported $ 21,460,000 and $ 19,298,000 (rfg.com.au 2017). There are some specific reasons for this disparity in the amounts of income tax expenses. In the income statements, the company shows the whole amount of tax expenses by charging the tax rate of 30% on the profit from continuing operation before tax. However, the case is different in case of cash flow statement. In this context, it needs to be mentioned that the tax expenses come under the cash flow from operating activities (Auerbach et al. 2013.). Under this section of cash flow statement, some items of the income s tatements are treated differently. It implies that certain changes take place in the current assets and liabilities of the companies. In RFG, the payment of income tax is considered as a current asset. In the cash flow statement, some reduction in the components of income tax expense has been brought that indicates the use of cash. It implies that some components of tax expenses have been cut off before considering them in the statement of cash flows (Canto, Joines and Laffer 2014). For these reasons, the difference in tax expenses can be seen in the income statement and statement of cash flows. Answer7 After the observation of the tax treatment in the financial statements of RFG, it needs to be mentioned that there is not any confusing and surprising elements in the tax treatments. RFG has conducted all of their tax treatments by complying with the rules and regulations of Australian Taxation Law (rfg.com.au 2017). In addition, RFG has provided all the explanations and justifications of various taxation factors like tax rate, deferred tax assets and liabilities, current tax assets, current tax liabilities and others. However, there are some interesting factors in the tax treatment of RFG. The most important factors is the explanation of the company about the difference between total tax expense. RFG has provided explanation about the five major factors responsible for creating difference in tax expenses (rfg.com.au 2017). In this table, RFG has also shown the calculation. Another important factor is the difference in tax expenses in income statement and cash flow statement. All the se interesting factors are very much helpful for enhancing the understanding as well as knowledge in company taxation. From this analysis, one can gain insight and knowledge about the tax treatments by the companies. References Almazari, A.A., 2012. Financial performance analysis of the Jordanian Arab bank by using the DuPont system of financial analysis.International Journal of Economics and Finance,4(4), p.86. Auerbach, A.J., Chetty, R., Feldstein, M. and Saez, E. eds., 2013.Handbook of public economics(Vol. 5). Newnes. Burman, L.E. and Phaup, M., 2012. Tax expenditures, the size and efficiency of government, and implications for budget reform.Tax Policy and the Economy,26(1), pp.93-124. Canto, V.A., Joines, D.H. and Laffer, A.B., 2014.Foundations of supply-side economics: Theory and evidence. Academic Press. Chetty, R. and Hendren, N., 2013. THE ECONOMIC IMPACTS OF TAX EXPENDITURES: EVIDENCE FROM SPATIAL VARIATION ACROSS THE US 1. Gallemore, J., Maydew, E., Schipper, K., Shackelford, D. and Wang, S., 2012. Deferred tax assets and bank regulatory capital.EBC Discussion Paper,2012. Harrington, C., Smith, W. and Trippeer, D., 2012. Deferred tax assets and liabilities: tax benefits, obligations and corporate debt policy.Journal of Finance and Accountancy,11, p.1. Katchova, A.L. and Enlow, S.J., 2013. Financial performance of publicly-traded agribusinesses.Agricultural Finance Review,73(1), pp.58-73. Khurana, I.K. and Moser, W.J., 2012. Institutional shareholders' investment horizons and tax avoidance.The Journal of the American Taxation Association,35(1), pp.111-134. Laux, R.C., 2013. The association between deferred tax assets and liabilities and future tax payments.The Accounting Review,88(4), pp.1357-1383. Piketty, T. and Saez, E., 2012.A theory of optimal capital taxation(No. w17989). National Bureau of Economic Research. Piketty, T. and Saez, E., 2013. A theory of optimal inheritance taxation.Econometrica,81(5), pp.1851-1886. Rego, S.O. and Wilson, R., 2012. Equity risk incentives and corporate tax aggressiveness.Journal of Accounting Research,50(3), pp.775-810. Rfg.com.au. (2017).Annual Report 2017. [online] Available at: https://www.rfg.com.au/images/investor_docs/RFGLAnnualReport2017.pdf [Accessed 26 Dec. 2017]. Saunders, A. and Cornett, M.M., 2012.Financial markets and institutions. McGraw-Hill/Irwin.

Quantitative Research Method free essay sample

It means that the income level of the original countries has positive impact on the international tourism demand in Hong Kong. The lagged-dependent variable is significant in all countries researched except China This suggests t information from people who travelled to Hong Kong past and/or the consumer persistence features vitally in the international tourism demand in Hong Kong (Song, H. et al, 2003). The deep implication of this finding is that the more comfortable the past traveller felt in Hong Kong, the more travellers that will visit to Hong Kong in the future. Because of this, enhancing the quality of service for travellers is important for Hong Kong to attract more tourists in the future. The P variables measures the costs of tourism in Hong Kong relative to that in the original countries. According to the Table 1, the price level of the source market is significant in eight countries. The exceptional cases are Japan and Korea. We will write a custom essay sample on Quantitative Research Method or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page This suggests that travellers always care bout the relative tourism price in Hong Kong to that in their own countries. The higher the price ratio, the less likely the tourists travels to Hong Kong, because the minor sign in coefficient of P. The substitute price variables is only significant in three out of ten countries, which suggests that the competitive advantage of price in other tourism destination is less crucial for tourists to choose Hong Kong as a tourism destination. It seems that the financial crisis in Asia takes a negative influence on the international tourism demand in Hong Kong, because the relative dummy variables has the minor sign in China, Japan and Thailand. In 1997, the hand over of Hong Kong to China might take negative impact on tourism from the I-JK choosing Hong Kong as the destination, because the D97 was included in the I-JK model (Song, H. et al, 2003). Oil crisis seems have less impact on the international tourism demand in Hong Kong. The diagnostics statistics shows that most of the model passes all five diagnostics tests, except Korea which fail only one of five tests. The plot about normality test and heteroskedasticity test are listed in the Appendix I and Appendix II. Korea demand model cannot pass the normality test, because the histogram ploy is more peaked han a normal curve. The eigen value are all less than 30. This means that all models pass the collinearity test. D-W number close to 2 indicates no serial correlation, suggesting all models pass the serial correlation test. The sample size is Just 27 which is not so much in a statistics model. But I also got the successful estimated demand model for these ten countries. Thus, the results in Table 1 are quite reasonable and convincible.