Statement of Intent Essay Example for Free

Statement of Intent Essay My interest in the Fashion Marketing program at Parsons, was innited in college during the time we were starting to study the different fields of marketing. Since I was little I’ve always had a very big interest in the fashion world, observing the different trends and how every country has different styles is fascinating for me. My biggest role model fashion wise is Oscar de la Renta, I identify myself with him because we come from from the same country where the fashion industry can still be considered in diapers. He has known how to overcome the many obstacles that have been presented to him throughout his career, obstacles like the lack of support at the beggining, or the credibility he had to win through his career. Marketing has become the biggest interest in my life, through out my career I have seen the difference that exists between some markets and others, this field is evolving and fashion is a inmense part of it. With the fashion marketing program I will learn the relation betweeen design, merchandising and marketing and how in the connection of these depends whether you succeed entering a market. After acquiring these knowledge my interest is merelly creating my own store, which has been my dream for a long time now. I consider I have an great eye for spotting new trends, and in my country people are very imposed to fashion because there are not a lot of options of where to shop, and with my store I could give them a new option. I believe Parsons is the best place to study, because of it’s amazing credentials aswell of the great curriculum it offers in Fashion Marketing and other areas. The profesors have been said to be the best in the world in there differente specialities, and I want to receive the best education and this way make me an Amazing Profesional. Aswell as it’s locations is a great factor, Parsons is located in what many would call the heart of fashion, is in those NYC streets that many trends come to life, and many new desginers become recognized. It’s fascinating mixture of cultures makes of it, the best place to learn how the fashion marketing world really works.

Analysis Of Hampton Machine Tool Company Financing Finance Essay

Analysis Of Hampton Machine Tool Company Financing Finance Essay Introduction: Hampton Machine Tool Company, a machine tool manufacturer, was founded in 1915. Until 1979, the company had successfully forecasted the severe cyclical fluctuations characteristic of the industry. The companys primary customer base included the aircraft and automobile manufacturers in the St. Louis area. During the mid to late 1960s, Hampton was very profitable due to a strong automobile market, and, to the heavy defense spending associated with the Vietnam War. However, in the mid-1970s, Hamptons profitability slowed down with the United States withdrawal from Vietnam War and the oil embargo. By the late 1970s, they had a larger share in the market due to their competitors who were unable to make it through these difficult times, while Hampton managed to stabilize. Case Background: Ten years prior to December, 1978, the company had no debt because it had conservative financial policies, which maintained a strong working capital position as a buffer against economic uncertainty. In December,1978, Hampton requested a $1 million loan from the St. Louis National Bank. The loans terms were a monthly interest payment at a rate of 1.5%, with the principal to be paid back at the end of September, 1979. Now (September of 1979), Benjamin G. Cowins, president of Hampton, has asked to renew the initial loan until end of 1979, and, has requested an additional loan of $350,000 with promise of repayment at the end of December, 1979 with an interest rate of 1.5% per month. This additional loan is required for an update of their machinery which hasnt been done since the economy went into a recession in the early 1970s. For the last several months, Hamptons shipment schedule has been upset because they have had to wait for parts from their suppliers. On August 31, the accumulation of seven machines cost about $1,320,000, in addition to the installation cost for these parts. They received the parts last week, and will be able to complete a number of machines within next few weeks. The reduction in work in progress of about $1,320,000 is due to not receiving the electronic control mechanisms on time. However, the remainder of their work in progress inventories will probably remain steady for the foreseeable future because of their capacity rate of production. In July and August, Hampton bought raw materials beyond their immediate needs to be assured of completing their order schedule to be shipped by the end of the year. Therefore, they currently have accumulated about $420,000 worth of scarcer components above their normal raw materials inventories. They estimate it will be used by the end of the year. Because they bought ahead this way, they expect to cut raw material purchases to about $600,000 a month in each of the four remaining months of 1979. The companys revised shipment estimates are: September, $2,163,000; October, $1,505,000; November $1,604,000; December, $2,265,000. The shipment estimates include a $2,100,000 order for the General Aircraft Corporation. Hampton is now scheduled to ship against this order as follows: September, $840,000; October, $840,000; November, $420,000. Because General Aircraft gave Hampton an advance payment of $1,566,000 on this order, the company will be due nothing on these shipments until their $1,566,000 credit with Hampton is exhausted. Hamptons assuming accruals will remain about the same on August 31, and their monthly outlay for all expenses other than interest and raw materials purchases should be around $400,000 per month. Due to poor economic conditions and the companys desire to conserve cash; they have spent little on new equipment in the last several years, 1979. This has contributed somewhat to the difficulties they have had in maintaining production at full capacity this year. As a result, Hampton has requested an additional $350,000 loan at an interest rate of 1.5% monthly, with promise of repayment at the end of December, 1979. This loan is necessary to purchase certain needed equipment to maintain the production. The tax people estimated the equipment will qualify for a 10% investment tax credit. The company is scheduled to pay $181,000 in taxes on September 15 and December 15. Also, Mr. Cowins has suggested paying $150,000 dividends to stockholders in December. Analysis: The Hampton Machine Tool Company is facing problems in paying its $1 million loan and requesting for a new loan from the St. Louis National Bank. By following Mr. Cowins plan, the company will be short $332,000 (Exhibit 1) in December. Hampton, a profitable firm, has fallen behind on their orders, and Mr. Cowins recommends that they need more financing to purchase certain needed equipment. Hampton has notified the St. Louis National Bank that they will not be able to repay in September. Also, they have requested an extension. For the past month or more, Hampton has been operating at full capacity, and with additional back orders, which has put them behind in their shipment of orders. In addition, their shipment schedule has been upset because they have been waiting for electronic control mechanisms from their suppliers. The falling behind has also caused them to have less than what is needed for accounts receivables turnover. The cash budgets and statement of sources and uses yield negative results concerning the principal payment of the loan for December (Exhibit 1), based on Mr. Cowins plan. This analysis is based on projected sales, dividend payments and tax payments. Consequently, the sales projects and accounts receivables are 30 days net; if not paid on time, then this could change the results significantly by putting the company in more of a financial bind. Based on my forecasts it seems that Mr. Cowins is incorrect about being able to repay the loan in December, but Hampton should be able to repay in January with more precise planning. Hampton used the initial loan plus $2 million in excess cash to repurchase a substantial fraction of its outstanding common stock, because it had decreased sufficiently in value. Although they had good intentions to increase the companys stock value, their finances have suffered because of the repurchase. Mr. Cowins offer to pay $150,000 in dividends in December is not reasonable, because Hamptons finances will suffer, causing them to have negative cash flows. (Exhibit 1) Recommendation: It is obvious that Hampton cannot afford to repay the loan in December, if they proceed with their original plans. The company will have a negative cash flow in December according to Exhibit 1. They should request a one-month extension on the loan, as they cannot afford to make a loan payment in December. Extending the loan repayment one month until January allows for account receivables of December to become collected, because of the company collection policy of 30 days net. This means Hampton will not have to go into the negative to pay the loan in December, keeping cash flow at an expectable level which is $1,168.50. (Exhibit 2) Hampton cannot afford to make a dividend payment in December, regardless of their willingness to do so. Canceling the dividend payment will free up $150,000 in December, keeping the net cash flow in the positive (Exhibit 2), which compensates for the $350,000 loan payment. This also helps keep the net cash flow positive in December, as well as waiting for accounts receivables of $2,265,000 to come in January for the final payment. This makes the company profitable for the future, and, in turn, the stock will not become valueless. Conclusion: My recommendation for Hampton Machine Tool Company is they should request a one month extension on the loan, and cancel the dividend payment to make the company more profitable. Also, this would strengthen Hamptons relationship with the bank by paying off both loans. Based on the forecasted cash budget, Mr. Jerry Eckwood, vice-president of the St. Louis National Bank, should reject the $350,000 loan request based on the current terms proposed by Hampton Machine Tool Company. According to Exhibit 1, there is an inability to repay the initial loan. The numbers fall short of being able to repay the original loan in December without even considering the requested loan. However, with the proper financial adjustments, both loans can be fully repaid by January. For relationship reasons, Mr. Eckwood may want to grant the loan, as long as the terms are reworked to help guarantee, that the bank will get paid. The extension of the loan and cancelation dividends will leave Hampton in a manageable situation, allowing them to continue to be a profitable customer of the bank. The St. Louis National Bank should bring up the solutions that I mentioned above, but Mr. Eckwood will want to make sure that the bank puts Hampton on a repayment plan, so, that in the nea r future they can expect to collect the principal of the outstanding loans. If I was the St. Louis National Bank, I would have to reject the loan on the current terms proposed by Mr. Cowins, because the Hampton Machine Tool Company shows an inability to repay the loan, based on the numbers they have forecast.

Who is Under Bondage? :: The Mission A Respectable Trade Slavery Essays

Who is Under Bondage? In analyzing two films, A Respectable Trade and The Mission, the oppression of the slaves and the indigenous people of the Guarani is strikingly blatant. The cruelty of the slave owners in A Respectable Trade and the Spanish and Portuguese who killed the Gauarani tribe in The Mission probably provokes disgust in the emotions of the viewer. Yet perhaps sympathy could also arise for a less obvious third party. Though the lives of the slaves were not their own, Francis Scott, their manager, was under bondage as well, in her own marriage. Though the Guarani were subject to either slavery or the converting of their lives to Christianity, the Jesuits, those that were responsible for converting them, were also bound to the decisions of another, in this case the church as an institution. The difference in the bondage of these two parties is that the slaves and Gauarani did not have a choice, whereas Francis and the Jesuits did. Despite their decisions to bind themselves to another entity, th ough, Francis and the Jesuits faced their own oppression. Yet, Francis and the Jesuits managed to exert their own control over the slaves and the Guarani while still being ultimately subjected to the contracts they voluntarily agreed to. They acted against their oppressors. Francis Scott in A Respectable Trade puts herself under bondage from the very moment she decided to get married. Francis asked for a job as an instructor and ended up with a slave-trading husband. Josiah was interested in her higher social status so as to boost his trade and wealth and perhaps move â€Å"across the river† with the wealthier class people. Little did Francis know she would be instructing slaves. This social process leads to the fact that, when analyzing their marriage in a class perspective, the relationship is feudal. Francis had a contract to serve Josiah in a specific way, and as her uncle warned her, she became Josiah’s property. As a feudal relationship, Josiah controlled the surplus from the profit of the slaves, and Francis received an allowance for managing them. Though Francis had a higher social status and education, ran the household, and even supposedly co-partnered with her husband, Josiah still had the ultimate control. This is illustrated f rom the very beginning of their marriage when Josiah and a fellow merchant raped one of the slaves, despite Francis’s plead. His control in this feudal class process is further exemplified through the fact that Josiah ultimately made all the economic decisions despite Francis’s influence.

About Steroids :: essays research papers

Many people have had their lives ruined by the use of illegal steroids, yet the desired effects are so overwhelming that people tend to overlook the consequences. Steroid users believe taking anabolic steroids will enhance their performance, strength, size,etc. They regard the use of them as legitimate as any other aspect of training. To begin with, the term "anabolic " means "to build tissue," therefore anabolic steroids tend to increase constructive metabolic pathways within the body. Also, anabolic steroids are synthetic derivatives of the natural male sex hormone, testosterone. Testosterone was the first steroid developed, a natural occuring hormone in many plants and animals. The first clinical use of testosterone occured in 1958 when physicians injected it into underweight and ill patients to simualte weight gain. The first reported use of steroids in a non-medical setting occured during World War II. Steroids were adminstered by Nazi doctors into German soldiers to enhance their aggressiveness. The Soviet Union noted the Nazis' use of the drug and recognized that enhanced aggressiveness, increasing in strength, and size could be desirable in athletic competition. The Soviets experimented with steroids in the early 1950's and it is believed that they were used in the 1952 Olympic games. The introduction of steroids into the United States is often attributed to the late Dr. John Ziegler, the team physician for the United States weightlifting team at the last Vienna World Power lifting championships. A Soviet physician told Ziegler that some of the members fo the Soviet team were using testosterone as an aid to enhance their strength. Ziegler was impressed with the results and began conducting some studies on American lifters. The results were the development and introduction of the steroid Dianobol, an anabolic steroid with fewer masculinizing properties than testosterone. Dianobol became well known in the athletic world. By the 1956 Melbourne Olympic games, steroid use had escalated to the point that many Olympic competetors in the strength events were either using them or were aware of their performance ehancing abilties. Anabolic steroids are all derivatives of the male sex hormone testosterone. With the use of steroids a person will receive two types of effects from the use. The first is the androgenic effects or masculinizing. These are the unwanted effects such as the enlarging of the prostate, growth of male sex glands, deepening of the voice, and increased facial hair(other steroids were developed in an attempt

Alfred Hitchcock :: essays research papers

Films were a great form of entertainment from their debut in the early 1900’s and continued to grow more popular over the years. The film making business hit a growth period in the 1920’s. In Hollywood, the assembly line â€Å"studio† system of producing a movie was changed and refined, and the famous studious that dominate Hollywood production today, such as Universal Studious, were being put together. Censorship regulations were being formulated for the first time, and Wall Street began to take a more prominent, powerful role in film making. It was the era of short silent films that were backed by organists who could play a variety of famous composers such as Beethoven, and Sousa, and who mastered other sound affects for further enhancement of the movie. It was a time when movies came and went quickly and films that had no pretense of being art were made in mass. Nobody ever expected a movie to have an afterlife. They were made only for entertainment and to ma ke money, and were considered disposable back then. It took decades to develop movies as a concept of art. During this time of rapid change in the film making business, a certain aspiring director began his dream of working with cinema. Eventually, the talented and mysterious director, Alfred Hitchcock, played a huge part in establishing his and others’ masterpieces as an art. Born on August 13th, 1899, in London, England, Hitchcock’s childhood was that of a lower class Roman Catholic child who attended church regularly. His parents were greengrocers, William and Emma Hitchcock. A strict man, William once told a five year old Albert to go to the police station with a note from his father after some mischief making. Upon reading the note, a sergeant put young Alfred in a cell and left him there for ten minutes. The policeman returned only to tell him, â€Å"This is what happens to naughty boys.† This story and Hitchcock’s Roman Catholic background encompassed all the themes Hitchcock would later put in is his work such as terror inflicted upon the unknowing, and sometimes innocent victim; guilt, both real and the appearance of it; and fear and redemption. He grew up with his older siblings, William and Ellen Kathleen in Leytonstone, part of London’s East End. Fascinated by numbers and technology, Hitchcock was educated at the Jes uits’ St. Ignatius College, a day school for boys.

The Geographical Position of Great Britain

The Geographical Position of Great Britain There are two large islands and several smaller ones, which lie in the north-west coast of Europe. Collectively they are known as the British Isles. The largest island is called Great Britain. The smaller one is called Ireland. Great Britain is separated from the continent by the English Channel. The country is washed by the waters of the Atlantic Ocean. Great Britain is separated from Belgium and Holland by the North Sea, and from Ireland – by the Irish Sea.In the British Isles there are two states. One of them governs of the most of the island of Ireland. This state is usually called the Republic of Ireland. The other state has authority over the rest of the territory. The official name of this country is the United Kingdom of Great Britain and Northern Ireland. But it is usually known by a shorter name – â€Å"The United Kingdom†. The total area of Great Britain is 244,000 square km. They say that the British love of compromise is the result of the country's physical geography.This may or may not be true, but it certainly true that the land and climate in Great Britain have a notable lack of extremes. The mountains in the country are not very high. It doesn't usually get very cold in the winter or very not in the summer. It has no active volcanoes, and an earth tremors which does no more than rattle teacups in a few houses which is reported in the national news media. The insular geographical position of Great Britain promoted the development of shipbuilding, different training contacts with other countries.The Geographical Position of Great Britain There are two large islands and several smaller ones, which lie in the north-west coast of Europe. Collectively they are known as the British Isles. The largest island is called Great Britain. The smaller one is called Ireland. Great Britain is separated from the continent by the English Channel. The country is washed by the waters of the Atlantic Oc ean. Great Britain is separated from Belgium and Holland by the North Sea, and from Ireland – by the Irish Sea.In the British Isles there are two states. One of them governs of the most of the island of Ireland. This state is usually called the Republic of Ireland. The other state has authority over the rest of the territory. The official name of this country is the United Kingdom of Great Britain and Northern Ireland. But it is usually known by a shorter name – â€Å"The United Kingdom†. The total area of Great Britain is 244,000 square km. They say that the British love of compromise is the result of the country's physical geography.This may or may not be true, but it certainly true that the land and climate in Great Britain have a notable lack of extremes. The mountains in the country are not very high. It doesn't usually get very cold in the winter or very not in the summer. It has no active volcanoes, and an earth tremors which does no more than rattle teac ups in a few houses which is reported in the national news media. The insular geographical position of Great Britain promoted the development of shipbuilding, different training contacts with other countries.

I Can See Clearly Now Essay

Flannery O’Conner argued that â€Å"[Distortion] is the only way to make people see†. This famous statement is initially contradictory and incongruous, but in Joseph Heller’s Catch-22 it is easy to see the truth of this paradox. The pages of Catch-22 are lined with distortion and each instance provides for a new kind of clarity. Catch-22 is simply a war story illustrated by ridiculous behavior and illogical arguments and told in a flatly satirical tone. Though the book never states outright that matters are funny, the reader is always aware of how outrageously bizarre the characters and situations are. Heller uses out of sequence narration, a confused distinction between appearance and reality, and the irrationally logical paranoia of characters to create his corrupt military world. Distortion is found first in the very organization of the novel. Many events are out of sequence and Heller discusses events as if readers were already aware of their details, though merely mentioning them for the first time. Often times Heller references events multiple times before one ever reads about it in it’s entirety. For example, the death of Snowden is slowly explained throughout the book. The death is first referred to early on in chapter four when Yossarian asks, â€Å"Where are the Snowdens†¦Ã¢â‚¬ (Heller 35) at an educational meeting. This question is asked without context and the reader is unsure of what a Snowden is, let alone how it died. By creating this dialogue without context, Heller leaves readers to question the seemly incoherent question and the idea of Snowdens is planted in their brains. The death is mentioned in chapters five and seventeen and though more information is provided each time, the reader does not fully understand what took place until chapter 30 when the details and context of Snowden’s death are given. At first, this way of structural organization creates some confusion for readers but as they continue on a greater focus and understanding of an event such as Snowden’s death is found. Snowden’s death is an incredibly critical event for Yossarian because he not only loses his friend in the airplane; he loses his will to fight. With Snowden lying dead in his arms, the truth of war becomes even more frightening and real and Yossarian becomes truly paranoid. Without the focus that the scattered and repeated storyline of Snowden provides, one may not have been able to grasp its true significance. Often times Catch-22 is characterized by a very loose grip on reality. The line between what is apparent and what is real is continually indistinguishable, even to readers. One aspect that contributes greatly to this effect is the distortion of justice and the military technicalities. In the military world created by Heller, what is written on paper is what is true, even if it can be defied by reality. Throughout much of the book, Yossarian is found complaining that there is a â€Å"dead man†(24) in his tent. When the concept of the dead man is first introduced, the readers are led to believe that there is an actual dead soldier sitting in Yossarian’s tent, which the military refuses to remove. However, later clarification shows that is not the case at all, but rather, after setting his luggage down, the soldier was killed in the air before he even got the chance to sign in. The grim irony of the situation is that according to the appearance based logic of the military, it is as if the man was never there at all, and his things can therefore not be processed. Another example of such distorted reality is found in McWatt’s plane crash. Doc Daneeka had lied about flying with McWatt, due to his fear of flying, but the documents had it that Daneeka died in the plane crash (338). Everyone can visibly see that Doc Daneeka is alive, in the flesh, and yet he is reported as â€Å"killed in action†(344), and Daneeka is treated like he is dead for the remainder of the novel. The reality of the military has been so contorted that they are more willing to accept the truth they read than the truth they can see. This confusion between appearance and reality demonstrates the deteriorated state of the military government and forces readers to give a greater attention to the details of such storyline. A third kind of distortion are the irrational and paranoid statements and thoughts of the book’s protagonist, Yossarian. Though Yossarian likely entered the army a sane man, he apparently loses his grip on reality as he watches his friends die in the war surrounding him. Yossarian is often referred to as â€Å"crazy†(20) and yet there is irony in the fact that every paranoid thought he has is true. Yossarian has a sole goal through the duration of the book: staying alive. He goes up into the sky and finds airplanes shooting at him from all directions, and so he goes as far as to see himself as a potential murder victim. â€Å"They’re trying to kill me†(16), he argues to a fellow cadet. Though the other cadet insists that â€Å"they† are simply partaking in a war, Yossarian’s paranoia illustrates a sky full of strangers who want him dead. Though Yossarian’s thoughts are irrational, they also prove to be somewhat reasonable. The truth is, every time Yossarian goes on a mission his life is in grave danger, and people are trying to kill him. Though his thought process is distorted by fear, this fear is in turn what proves his sanity. Catch-22 is not a book that can be rightfully summarized. It is not the remarkability of the plot but rather the distinct form of literary distortion that makes it such a classic. This novel illustrates the corruption of wartime and a particular squadron, but in end, it illustrates much more then that. The book uses often-comic distortions of structure, reality, and mind to give readers a profound sense of universal flaws and truths.