What is the Casimir Effect

Question: What is the Casimir Effect? Answer: The Casimir Effect is a result of quantum physics that seems to defy the logic of the everyday world. In this case, it results in a vacuum energy from empty space actually exerting a force on physical objects. While this may seem bizarre, the fact of the matter is that the Casimir Effect has been experimentally verified many times over and provides some useful applications in some areas of nanotechnology. How the Casimir Effect Works The most basic description of the Casimir Effect includes a situation where you have two uncharged metallic plates near each other, with a vacuum between them. We normally think that theres nothing between the plates (and therefore no force), but it turns out that when the situation is analyzed using quantum electrodynamics, something unexpected happens. The virtual particles created within the vacuum create virtual photons which interact with the uncharged metal plates. As a result, if the plates are extremely close together (less than a micron) then this will become the dominant force. The force drops off quickly the further apart the place is. Still, this effect has been measured to within about 15% of the value predicted by the theory itself, making it clear that the Casimir effect is quite real. History and Discovery of the Casimir Effect Two Dutch physicists working at the Philips Research Lab in 1948, Hendrik B. G. Casimir and Dirk Polder, suggested the effect while working on fluid properties, such as why mayonnaise flows so slowly ... which just goes to show that you never know where a major insight will come from. Dynamic Casimir Effect A variant of the Casimir Effect is the dynamic Casimir effect. In this case, one of the plates moves and causes the accumulation of photons within the region between the plates. These plates are mirrored, so that the photons continue to accumulate between them. This effect was experimentally verified in May 2011 (as reported in Scientific American and Technology Review). It is demonstrated (without much fanfare ... or audio) on this YouTube video. Potential Applications One potential application would be to apply the dynamic Casimir effect as a means of creating a propulsion engine for a spacecraft, which would theoretically propel the ship by using the energy from the vacuum. This is a highly ambitious application of the effect, but it appears to be one suggested to a bit of fanfare by an Egyptian teenager, Aisha Mustafa, who has patented the invention. (This alone doesnt mean much, of course, since theres even a patent on a time machine, as described in Dr. Ronald Malletts non-fiction book Time Traveler. A lot of work must still be done to see if this is feasible or if it is just another fancy and failed attempt at a perpetual motion machine, but here are a handful of articles focusing on the initial announcement (and Ill add more as I hear about any progress): OnIslam.com - Egyptian Student Invents New Propulsion Method, May 16, 2012Fast Company - Mustafas Space Drive: An Egyptian Students Quantum Physics Invention, May 21, 2012Crazy Engineers - New Propulsion Method Using Dynamic Casimir Effect Invented by Egyptian Student, May 27, 2012Gizmodo - Egyptian Teenager Invents New Space Propulsion System Based on Quantum Mechanics, May 29, 2012 There have also been various suggestions that the bizarre behavior of the Casimir effect could have applications in nanotechnology - that is, in very small devices built at atomic sizes. Another suggestion put forth has been tiny Casimir oscillators which would be a tiny oscillator that could be used in various nanomechanical systems. This particular hypothetical application is explained in greater and more technical detail in the 1995 Journal of Microelectromechanical Systems article The Anharmonic Casimir Oscillator (ACO)-- The Casimir Effect in a Model Microelectromechanical System.

Women And Women In Women - 1000 Words

Data The population I surveyed included Caucasian and Latina women between the ages of twenty and forty-six years old. My sampling criteria before administering this survey were that participants simply identified themselves as female or part of a minority group. I chose to administer my survey to Caucasian and Latina females because I practiced convenience sampling, addressing the fact that the people I could get in touch with to administer the survey to were women. I originally wanted to include men in this survey, but while developing the questions I felt that it would be easier to evaluate and discuss the data if the only gender surveyed were females. Also, but researching more data regarding sports participation I found that men in†¦show more content†¦Results In regards to gender, 100% of the sample was female. The respondents ranged in age from 20 to 46 years old. The average age of the respondents was 27 years old. For race, 60% of the females surveyed were white, and 40% were Latina. Enjoyment in playing sports ranged from 1 (very dissatisfied) to 5 (very satisfied). Over 75% of the respondents replied that they were either â€Å"satisfied† or â€Å"very satisfied† playing sports, and 20% reported that they were neutral or dissatisfied. One reported that they had no participated in sports at all. When asked if they were prepared for entering the work force, 70% of respondents reported that they were prepared after graduating from their highest completed education and 30% reported that they were not. A majority of those who reported feeling unprepared were the same women who felt dissatisfied with their participation in sports or had not participated in sports at all. These were also women who described themselves using so fter adjectives such as â€Å"indecisive†, â€Å"kind†, and â€Å"easy-going.† Women who had participated in sports and enjoyed them described themselves more extensively and used words such as â€Å"driven†, â€Å"ambitious†, and â€Å"independent.† My findings presented results aligned with my hypothesis, that women and minorities who participate in sports view themselves more confidently in later life andShow MoreRelatedFeminism : Women And Women908 Words   |  4 PagesFeminism Throughout history women have struggled to show their value juxtaposed to men. Women are often downgraded economically, politically and socially just because they are female’s. The struggle between women in the 1800s is similar to the struggle women have now. Equal rights for women are still being campaigned now as much as it was during the 1800s. 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In 2014, of those over 65, 50% of women and 10% of men have lost a spouse; cumulatively losing three times this number of siblings and nine times the number of friends (Holland, Futterman, Thompson, Moran, Gallag her-Thompson, 2013). Women outnumbered men by 3.6 million in 2010 (West et al. 2014); translating to approximately 11 million women and 2 million men enduring spousal loss. Figure 1. Projections for Over 65 Population BasedRead MoreInjustices Of Women And Women1121 Words   |  5 PagesInjustices towards Women (Analysis of sources of unequal treatment to women) Injustices of women go way back to hundreds of years ago. When you learn about women from a long time ago, you hear things like: women didn’t work, women couldn’t vote, women did what they were told, etc.; that was just how it was and very few questioned it. It wasn’t until a movement started back in the 1800’s, known as the women’s suffrage, that the female population started to fight and rebel for equal rights. 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Financial Planning (Insurance) Case Study free essay sample

Allison has recently been promoted by her employer, Best Marketing, and now earns $135,000 p. a. working full time. She has commenced salary sacrificing 30% of this amount into superannuation, and her employer contributes Superannuation Guarantee Contributions of 9% of her remaining cash salary. The fund is a balanced growth retail superannuation fund, MM Superannuation. Her current balance is $160,000 and earns on average 7% p. a. after fees and taxes. She also has $100,000 in term life and TPD insurance cover within her superannuation fund. She drives a 4-year old Land Cruiser that is fully paid for. It has low kilometres and she expects to keep it until she retires. She will then need $30,000 to purchase a new car on top of the trade in she expects to receive from the Land Cruiser. Simon works for Newbold’s Pty Ltd, a company which makes custom furniture. He earns around $45,000 p. a. and intends doing this work for the foreseeable future. He is supplied with a work vehicle and his employer pays his SGC based on his $45,000 salary. Simon has $47,000 in superannuation savings, held within the PP Superannuation Fund. The funds are invested in a balanced/ conservative portfolio with a low allocation to growth assets that earns around 4% p. a. after fees and taxes. They are living on a semi-rural property which is valued at around $750,000, but they currently have a mortgage of $150,000 as a line of credit. They are paying approximately $1,000 per month as interest-only payments. Their other personal expenses are around $40,000 p. a. and they spend an additional $15,000 p. a. on holidays. Aside from private health cover, car, and house and contents insurance, the only personal insurance they have is the coverage provided in Allison’s superannuation fund. They do not have a will or any powers of attorney but they want to ensure they have sufficient money for their grandchildren (now aged 6 and 4 years) to attend university. They estimate they will need to accumulate approximately $120,000 (in today’s dollars) over the next 12 years to pay for this. Allison wants to work for five or six more years and they wish to pay off the remainder of the mortgage over that time. She also wants to increase the amount of money in both her and Simon’s superannuation. When she retires she believes they will need $40,000 (in today’s dollars) for their living expenses in retirement, but Simon intends to continue working part time and estimates he will earn $20,000 p. a. They intend to use Simon’s income to fund any holidays. Aside from their superannuation assets, they have $9,000 in a bank account for emergencies earning 4% p. a. , $15,000 in a term deposit earning 5% p. a. and $12,000 in a cash management account earning 5. 5% p. . They are not happy with the taxation implications of these accounts, as any interest earned on the term deposit and cash management accounts seems to go in tax. You ascertain that they both have balanced risk profiles. Required: You are required to provide written responses to the following scenarios and questions, either in short answer form or using bullet points (or both). The following attachments are included : †¢ Sample Financial Services Guide (Personal Advice) †¢ Sample Fact Finder and Risk Profile Questionnaire †¢ Sample Ongoing Service Options – Establish Relationship with Client You are preparing for an initial interview with Simon and Allison Callahan. a) Give some thought to the sort of things you would cover. Include any legal requirements and other documentation which may be helpful in the interview. For the initial interview with the clients I would cover what Azza financial services stands for, their commitment to the customer and any legal implications, go over the financial services guide (send out with letter before hand) and privacy policy and compliance. I would also make the customers aware that the information they are providing is to be used solely for the purposes of assessing their situation to help them get to a better financial position. I would allow the customers to do most of the talking, recording their responses in a fact finder, and ask the client to complete a risk profile questionnaire to get a feel for what their financial position is at the present, what kind of expectations they have on Azza financial services, how much risk they are willing to take on and if there is anything about their situation that might prevent Azza financial from providing advice to the client. )How might you ask the client to prepare for the first meeting? By sending a confirmation letter indicating how long the interview will likely be, the purpose of the interview and what is the outcome intended, advising the client if there are to be any fees paid, providing the client with a list of documents to bring (eg current insurance policies, sup er statements, current investment schemes, income and expenses, latest tax returns, valuations of assets such as property, bank and credit card statements. ) To establish a relationship with Simon and Allison, what strategies might you use to build rapport during the interview process? †¢ offer food or drink (eg coffee, biscuits, tea, water) †¢ monitor client body language and engage in similar movements to make them feel more comfortable †¢ ask open ended questions to show clients you are interested in the personally and want to hear what they have to say. d)What are the four points you must cover when presenting a Financial Services Guide? Fees and charges = explain what fees might be applicable, including benefits and commissions that could be received by 3rd parties/referrers or product providers as a result of the plan being implemented †¢ Products = outline the features of the products and services being recommended †¢ Complaints Policies and Procedure s = make sure to completely explain the procedures for handling customer complaints †¢ Relationships = explain any relationships which might influence which products are recommended or provided e)List the type of fees you could charge the clients. What are the benefits of explaining these fees to the Callahans? Types of fees which could be charged to the clients if they choose to implement the prepared plan are: plan fees (often charged regardless if plan is accepted), commissions, entry fees, management fees, account keeping fees. The benefits of explaining these fees to the clients are that there will be no nasty surprises and they will know what they are getting themselves into from the start. It also provides protection for the advisor in the event that the client deems something unreasonable. In other words, there will be no misunderstandings about the possible cost of advice. )Nominate the range of financial products and services you will be providing advice in. Name the benefits of explaining these to your clients. The financial services and products which I could be providing advice on range from simplistic things such as bank deposit accounts to general and life insurance, complex and simple investment schemes, general and specialized superannuation schemes, estate planning issues (although a lot will be directed to a solicitor if I am not qualified to provide advice on that particular area, the same goes with taxation). The benefit of explaining these to the client is that they will be more aware of what it is Azza financial services can help them with, and if they will need to be involving any third parties to complete their requirements (eg accountant or solicitor). It also takes away any misconceptions as to the outcome of the advice provided and puts everyone on the same level expectation wise. The clients also may not have been aware of particular products and services offered which once explained may change their needs and requirements which might have not previously been considered by the client. )Outline the three steps your clients should take if they have a complaint or dispute prior to contacting the ASIC. †¢ Clients should first contact their advisor to make sure that their disatisfaction is not due to a misunderstanding or something which can be ammended to their satisfaction. I would endeavour to solve their complaint within 3 working days. †¢ If the clients are still unhappy , they should lodge a formal complaint with the liscensees internal complaints process and allow appropriate time for this to be acted upon. If the clients are still unsatisfied with the outcome they may then contact the Finance Industry Ombudsman Service (FOS) for complaints involving losses of less than $500,000. FOS first trys to negociate and outcome between the involved parties, if this is not possible the matter is passed for formal assesemnt by a panel. FOS is free to clients and the decisions it makes are law to the liscensee. 2-Identify Client Objectives and Financial Situation a) What techniques or tools could you use to gather further information about your client’s goals, objectives and financial situation? Fact finder †¢ Financial documentation – tax returns, statements, scheme overviews etc †¢ Use of open ended questions †¢ Diagnostic questionnaires †¢ Risk profiling b)Using your case study, complete the attached Fact Finder with as mu ch information as you can. Remember that this document is used to collect current information as well as identify any issues, problems or constraints that may be relevant in developing your advice. See Fact Finder i)From the scenario in your case study, write down one or more specific financial goals for the generic needs provided. Wealth creation for a specific purpose |Start increasing Allison and Simons Super balances ($160K and $47K) | | |Pay for grandchildren’s university in 12 years – estimated needed | | |$120K in today’s dollars | |Wealth protection |Take out Personal insurances to avoid eroding savings if something | | |unforeseen happens – income protection, trauma, evaluation of current | | life and TPD | |Debt reduction |Pay off IO mortgage of $150K in 5 years | |Tax minimization |Save on tax on bank accounts/term deposits | | |Possibly downsize family home and move mortgage to investment property| | |to save on tax | |Superannuation |Start in creasing Allison and Simons Super balances ($160K and $47K) | | |and evaluate suitability of current funds | |Investment Planning |Possibly purchase Investment property to produce another income stream| | |and save on current tax | | |Look into other investment options to diversify current wealth | |Estate Planning |Establish will and power of attorney with solicitor | c)Write down a line of questioning that you would use in the initial interview to increase your understanding and obtain further clarification of the client’s goals and objectives. Use open-ended questions starting with What, How, When, Why and Where. †¢ Apart from what we have already discussed, tell me about any other goals, long or short term that you might have. †¢ What do you plan to do when you retire? †¢ What is your current state of health? Eg do you smoke, are you aware of any issues that could affect your ability to work? †¢ Simon, what sort of duties do you perform at work? (- for insurance purposes we need to ascertain what type of work Simon is doing in order to now which category he fits, A/B/C? ) †¢ What are the contact details of your accountant? (- Financials) †¢ If you have a solicitor, what are their details? power of attorney, will) †¢ What are your plans/goals in relation to the planning of your estate? †¢ Tell me what other possible financial details you could have overlooked in filling out the fact finder? (- no credit cards? No shares or any investments outside of super and regular bank accounts? ) †¢ What level of cash reserve do you feel comfortable keeping liquid for emergencies, and are you expecting to receive a lump sum of money in the future? †¢ What are the premium details of your current life and general insurance policies? †¢ When are you considering downsizing the family home, if at all? d) What action would you take immediately after the first meeting? Immediately after the first interview I would Clearly write down everything which needs to be investigated or researched, in relation to what types of products, tax issues, possible strategies, the sources of information and a timeline for completion. This is so that I can prove I have been compliant with the corporations Acts requirement of investigating the ‘subject matter of the advice’. I would ask the clients to sign an authority accepting the preparation and research of drawing up a financial plan and agreeing to pay any fee which may be incurred as a result of this advice. e) Simon and Allison have a ‘balanced’ risk profile. Complete the sample Risk Profile Questionnaire to reflect this. See risk profile 3- Analyse Client Objectives Financial Situation Will Simon and Allison’s current financial circumstances and other concerns meet their objectives without your assistance? a) Why/why not? No, Simon and Allison’s current financial set up is not adequate to allow them to meet their goals and objectives. This is because they are note contributing enough in their superannuation to achieve their desired balances, they do not have any estate plans in place, their current bank accounts are leaving them paying excess tax, they are not sure how to structure their expenses in order to reach a comfortable position upon retirement in 5 years time, and their personal insurance are grossly insufficient to keep them in their current lifestyle and meet expenses should something happen to one of them. ) List the assumptions you made. †¢ Allison and Simon do not have current solicitor whom they have talked about creating a will or power of attorney with †¢ Allison and Simon are of average intelligence and have not had much to do with Financial planning services in the past. †¢ Allison and Simon do not know much about investment schemes, Superannuation regulations, Life insurance or Taxation †¢ Allison and Simon have used an Accountant in the past to prepare their yearly tax returns †¢ The average expected rate of return is 6% †¢ Expected CPI is 3% and current tax rates have been used. c) Reference information sources that you have relied on in forming your view. RG146 training Australia DFS course material and scenario †¢ Australian Taxation Office website (www. ato. gov. au) †¢ Financial Planning association website (www. fpa. asn. au) †¢ Westpac and BT Financial group case studies (internal) 4 – Develop Appropriate Strategies Solutions a) Describe two research processes you can use to gather information about products and services you recommend to your clients. †¢ Independent research houses (eg Standard and Poors and Morning Star) †¢ Internet searc hes eg ASX, AFPA, ATO etc †¢ Product disclosures, rankings, past performance of companies, Financial review newspaper etc Refer to your case study, Fact Finder and Risk Profile Develop a strategy for each of the following points for Simon and Allison. Describe each of your strategies in terms of key characteristics, advantages and disadvantages. b) Please address Allison’s insurance requirements. Your response should include a brief description of each type of cover and actual amounts recommended. Include calculations and explanations of amounts. †¢ Term Life: term life insurance provides a bulk payment to the beneificiaries of a person upon their death, or in some cases when disgnosed with a terminal illness the person insured can also received the payment. offered to people from 16-75 and can renewed until age 99. Can be paid via stepped premiums (where premium increases with age, you pay more in the long run) or level premiums (same amount througout policy, 30% cheaper than stepped in long run, and indexed to CPI) Advantages of having life insurance are that it gives the insured peace of mind knowing that they are not leaving their loved o nes in poor financial positions upon their death and ensures they are looked after Disadvatanges are that there are a few exclusions to the policy such as suicide within first 13 months, War, pre-existing conditions, aids, and terminal illness/disease where it is a direct result from an action which was self-inflicited. Currenlty Allison has $100,000 worth of life and TPD insurance within her superannuation. In regards to life insurance this is unfortunately inadequate as the estimated living costs for Allison and Simon are $67,000 per anum. In order for Simon to continue meeting these expenses (whilst still working) if allison were to becomed deceased, the insured amount would need to be close to $475,000. This is because if invested at an average fixed deposit rate of 6% it would provide an income stream of $28,500 per anum to Simon. [(475000/100) x 6 = 28,500] – this along with his current net salary of $38490 come to a per anum income strem of $66,990 to meet expenses. An additional $270K should also be added to cover their existing mortgage debt and to have money left over in order to pay for the grandchildrens university education, bringing the total life benefit to $745,000. †¢ Income protection: A fortnightly or monthly payment paid to the insured in the event that they suffer and injury or illness which leaves them unable to work Maximum of 75% of income can be insured and person must be employed at least 25 hours per week. Waiting periods of 14-720 dys apply and benefits periods can be 1-65 years (longer the beenfit period the higher the premium) 2 types of policies are agreed value (specified value to be paid regardless of difference between insureds current an d former incomes) indemnity (benefit based on insured income at time of claim. Advantages are that the insurance provides peace of mind knowing that if the insured was to suffer from an injury or illness and are unable to generate an income that the benfit will be paid as if it were their regular income, giving them peace of mind that they could stay on top of all their financial commitments and goals whilst healing. Disadvantges are that as income protection is linked to employment, those who are unemployed or even those with occupations which are considered too risky are not able to obtain income proteciton insurance. Also, as the benefit is only 75% of income, the insured will be 25% worse off and will need to make sure this will not affect any financial commitments or goals they may have. Allison currently does not have income protection insurance in place which could end diasterously as she earns 75% of the couples gross income. [(180,000/100) x 75 = 135,000)]. Allison should take out an income protection policy with a $101,250 benefit (135,000-25%) which would then provide both her and Simon peace of mind knowing that if anything was to happen they could continue paying their expenses †¢ Total and Permanent Disability: TPD insurance provides a lump sum payment to the insured after a qualifying period (usually six months) when certain criteria is met. Criteria can be inability to perform own occupation, any occupation, home duties or all duties; these are based on the type of work the insured is in (rated AAA-E) Immediate qualification for TPD payout if insured looses sight or a limb Advantages of having TPD is that if the insured suffers a debiltating injury that sees them unable to return to work that they can still meet their expenses Disadvantages are that it is not available to everyone; a new policy cannot be taken out after 60 and policies already in place automatically cease when insured reaches 65. Also unless rated category E, the standard level of cover criteria is ‘any occupation’, meaning that the insured may be able to perform in a role significantly less stimulating, challenging and financilally rewarding which would make them ineglibly to receive a payout even if they suffer a total and permanent diability. As Allison and Simons expenses are $67,00 p/a and Allisons income protection benefit is $101,250, whilst Allisons still working a stand alone TPD policy would be beneficial for having a lump sum to pay off the exisiting mortgage debt of $150K, have enough money to pay for the grandchildrens university ($120K) and possible medical expenses (another $150K) – totalling a $420K TPD. Another amount for Living expenses should also be considered for the 6 years until retirement ($67,000 x 6 years = $402,000). This brings the total recommended TPD benefit to $822K which could also be bundled as a rider on Allisons life insurance to avoid overinsurrance. †¢ Trauma: Trauma insurance provides the insured with a bulk payment when they suffer from an illness specified in the policy Can be bundled with life insurance and a payout will decrease the life policy by the same amount Available to people aged 16-55, or trauma for children aged 1-12 years ( waiting periods and age limit criteria apply) Advantages are that as trauma insurance is not related to employment, people with uninsurable occuppations can still generally take out trauma insurance. Also the insurance provides peace of mind knowing that if the isured was to suffer from a specified illness and are unable to generate an income that the sum paid will cover their expenses and ease the financial pressure Disadvanages are that there are exclusions such as death within 3 to 30 days of trauma event, trauma caused by an ntentional self inflicted injury or attempted suicide and acts of war. In order to avoid overinsurance Allison should take out around $250K trauma insurance to cover $150K exisiting mortage debt and any medical expenses associated with the event. Allisons Income protection will also most likely be able to contribute towards the benefit amount should a defined event occur. c)Does Simon require personal insurance? If so, what types and how much? Please include reasons and calculations Simon could take out the following polices to provide stability and peace of mind for Allison in the event something should happen to him. †¢ Term Life, Trauma, TPD: As Allisons income (or insurance benefit if something were to happen to her simultaneously) alone can support the couples expenses of $67,000, I would recommend a combined life insurance, TPD and Trauma policy, of $690K for Simon [(salary of $45,000 x 6 years = $27,000) + $150K mortgage debt + $150K possible medical espenses + $120K grandchildrens education = $690,000), so that the mortgage can be paid out, the grandchildrens education can be paid for, any medical expenses which might be incurred can be paid, and a replacement income stream for simon is created leaving allison debt free if something were to happen to Simon. †¢ Income protection: It is my view that Income protection is not necessary for simon as allisons income is more than adequate to support the couple with money left over, however if they did not want to draw on this, an income protection policy could be put in place for 75% of his income. [$45,000 x 75% = $33750 ($33750 / 12 = $2812. 5]. this would mean Simons monthly benefit woul be $2812. 5 (75% of his monthly income). D) What is the most efficient way for Simon to contribute to superannuation and why? How much should Simon contribute? As Simon is on the lower end of the income tax scale, it is beneficial for him to make non-concessional contributions into his superannuation as he is eligible for government co-contributions for every $1 he puts in up to $1000. As Allison is on a higher MRT than Simon, if she were to salary sacrifice a larger portion of her income into both their superannuation accounts (shes currently Sacrificing $40,000 into her own, however this could be brought up to $70,000 and then she could sacrifice another $20,000 per anum into Simons in line with their goals of increasing their super balances) they would be paying less tax (as Allison in on the highest MRT and super contributions are at 15%) and they can use Simons income (on lower MRT) to put towards their expenses, thus Simon should not contribute too from his salary above the SG of 9% and non-concessional contributions past $1000 (as his super will be paid in by Allison to achieve the above stated tax advantages). Simon should also switch his investment strategy to a balanced mix as it is too conservative to his risk profile at the present. e)Is Allison contributing sufficient funds to superannuation at this time to meet their retirement objectives? Please explain. To meet their objectives of having $40,000 per anum to live off in retirement, Allison is not contributing enough to her superannuation at this point in time. Allowing for the effects of compounding interest, after 5 years Allison’s superannuation balance would have accumulated to $224,400 (at 7%). In order to provide an income stream of $40,000 Allison will need to bring her balance up to $580,000 by the time she retires in 5 years. This means Allison will need to make up the difference ($580,000 $224,400 = $355,600) in the next five years. Allison will need to contribute another $30,000 p/a [($355,600/5 = $71,120) her current Salary Sacrifice of $40,500 = $30,000] to her superannuation to achieve this balance and their retirement objectives. Allisons current total superannuation contributions per anum are $40,500 in salary sacrifice (30% of salary of $135,000) along with a Superannuation guarantee of 9% of her remaining salary ($135,000 $40,500 = $94,500, $94,500 x 9% = $8505) bringing her total contribution to $49,005. f) Are their additional benefits available to Simon or Allison as a result of your strategies above? By Allison salary sacrificing more of her income she is saving astronomical amounts on tax as the contributions tax is only 15% as opposed to her MRT. As stated previously, Simon will also be eligible for the government co-contributions with his non-concessional contributions. Allison’s income protection policy (and Simons if taken out) are also tax deductible. Simon is also eligible for the low income tax offset of $804 from a maximum of $1350 for income earners of under $30,000. For Simon his amount is worked out with the following calculations: 1. [$1350 – ($45,000 taxable income -$30,000 threshold) x 4% = 546] and then 2. $1350 – 546 = $804) g)What is your recommendation regarding an investment for the grandchildren’s university education? What are the benefits of this investment? For the grandchildren’s education I would recommend investing in a balanced education savings plan (they would need to contribute $7000 p/a (at approx 7%, and with the effects of compounding interest) to reach their goal of $120,000 in 12 years) as the amount invested in taxed at a flat internal company rate of 30% however after 10 years the amounts can be withdrawn for non education purposes tax free, and as the investment is to be over 12 years Allison and Simon could take advantage of this. If it was to be withdrawn earlier, they are still in a good position as the money would be invested with a bit more risk than that of an everyday savings account and the taxation benefits still outweigh other methods, especially with the low income offset which is still said to be increasing. h) Are their bank/cash investments (total $36,000) meeting their requirements? Why/why not? What do you recommend? No, currently these investments are not meeting Allison and Simons requirements as they are held in both names and are therefore subject to Allison’s higher MRT. If Allison and Simon decided to use the advantages provided by income splitting (that is, transferring term deposits and interest bearing accounts into Simons name) then they would save on tax as Simon has a lower MRT. Allison and Simon could also think of putting this money in their Superannuation to capitalize on the 15% contributions tax or putting it into the mortgage as then they are paying less interest, however this would depend on whether or not they would be needing to keep this money liquid for everyday use and emergencies. i) How would you address their goals of paying out their home loan and purchasing the new car upon retirement? In order to pay out their home loan in 5 years time, Allison and Simon would eed to put around $40,000 P/A towards due to interest payable. After Allison’s extra salary sacrificing for both their Super accounts, the couple have around $45,000 surplus disposable income per anum. $40,000 can be used to make these extra payments on the home loan and the other $5000 can be put into a high interest savings account for the 5 years (which if invested at the average deposit rate of 6% will leave them with $29576. 10 after 5 years with the effects of compounding interest) which will leave them with enough money to purchase the new car. j) Are their estate planning preparations adequate? Why/why not? Currently Allison and Simon have no estate plan, therefore it being inadequate. I would recommend to Allison and Simon to contact their solicitor to discuss a will/power of attorney using their information we have uncovered through analyzing their financial situation here today. k)What alternative strategies did you consider? Why did you reject them? Insurance – providing insurances for Simon as well; This would be over insuring and wasting money for Allison and Simon as Simons income in relatively small in comparison to Allison’s, and she is able to cover all costs if something we to happen to Simon. Superannuation – Simon contributing more to his superannuation; the tax benefits of Allison’s salary sacrifice through decreasing her MRT far outweigh that of Simons and it was therefore better to prioritise with Allison’s SS and utilize Simon’s income for expenses. Investments – For the grandchildren’s university education, possibly investing in something more risky (eg shares) or less risky (eg Term deposits) however the tax advantages and return on the educations savings plan in comparison would leave them in a better position. 5 – Present Strategies and Negotiate Solutions Prior to Presentation a)Describe what preparations you would undertake to present your strategies in step 4 to Simon and Allison. After thorough research enabling me to form my recommendations, I would prepare a Statement of Advice with my findings, make sure to gather all product disclosure statements which are relevant, and information to back up my advice. I would also make sure there was a financial services guide within the information I would be taking to the interview. I would then call the clients to arrange a time which suits. b) What back-up information or documentation might you need? I might need to back up the performance of particular products/services I recommend (this could be provided in the form of company reports, asx reports, PDS, articles, academic studies etc) also easy to follow breakdowns of any calculations made so the client can see exactly how the strategy will benfit them. FSG and Privacy policy to assure the client of the companies principles and policies in the event of a dispute. During the Presentation c) Describe the disclosure principles and presentation requirements you must adhere to for the following documents: ? Statement of Advice The statement of advice must have â€Å"statement of advice† written across the front of it, it must be in non complex wording (â€Å"clear, concise and effective manner†), must have a â€Å"generic description of the range of financial products or strategies considered and investigated†¦Ã¢â‚¬ . The customer must receive a copy, along with PDS and FSG and must have signed and had the SOA presented to them BEFORE any implementation of strategies can be put in place. A disclaimer is also usually placed at the bottom of the SOA to protect the financial planner and affiliated companies against the working of case law – althogh this is not required by the corporations act. ? Product Disclosure Statement – The PDS needs to accompany the SOA so the clients have all the information in relation to possible products they are signing up to. Other things which need to be in the PDS include: Fees and charges = explain what fees might be applicable, including ben efits and commissions that could be received by 3rd parties/referrers or product providers as a result of the plan being implemented ? Products = outline the features of the products and services being recommended ? Complaints Policies and Procedures = make sure to completely explain the procedures for handling customer complaints ? Relationships = explain any relationships which might influence which products are recommended or provided d)List 2 objections or concerns your client might raise. How would you address these in order to gain agreement? 1. How do I know that what you recommend will work out for me in the long run? – We have based these recommendations on previous performance of these products and services, all of which you have sighted with your eyes. We cannot 100% guarantee that these potential outcomes listed will occur, however financial planning is what we specialise in and we make it our duty to look after your financial health. If we notice that the course which we have mapped out for you is not heading in the direction we have anticipated, you will be the first to know, and we will review your situation in order to alter your plan to best fit your needs, provided you would like us to provide you with this ongoing service. 2. This plan fee seems overly expensive – why do I have to pay it? – It takes a considerable amount of time, research, investigation and preparation for us to put together a plan that is tailored entirely according to your personal needs. There are no generics or assumptions made with what we are presenting you and the savings and earnings you will make as a result of our guidance will far outweigh the cost of this information. 6 – Implement Agreed Plan Simon and Allison have agreed to your plan. a) What transactional documents/authorities need to be signed by Simon and Allison? †¢ Authority to proceed / SOA and disclaimer †¢ Application forms along with PDS attached †¢ A cheque to be written to accompany application form b) Complete an Implementation Plan, in order, that details your planned actions now that Callahan’s have decided to proceed with your recommendations in step 4, providing an indication of when each must be completed. A Adviser C Client | No. Action |Who |When | | |Sign Authority to Proceed |C |Now | | |Provide 3rd parties with adequate notification of actions needed to be taken eg solicitor, accountant |A |ASAP | | |Complete application forms ready for client to sign |A |ASAP | | |Present application forms to client with PDS attached to be signed. |A + C |When ready | | |Photocopy, keep one and give other with PDS to client. | | | |Obtain Cheque from Client and attach to application form to be sent to dealer group |A |With step 4 | | |Welcome letter from dealer is issued |A /Dealer |- | | |Secure client file established (maintained for 7 years) |A |- | | |Confirm with clients that they have received welcome letter and they have heard from any 3rd parties. |A |- | | |Speak to clients about Review Service |A |When everything| | | | |is settled | 7 – Provide ongoing service You now have to address the issue of providing ongoing advice to Allison and Simon. )What environmental (economic, market, regulatory) changes, or changes to their personal or financial situation would cause a review of their plan? †¢ Interest rate changed may affect tax advantages, investment earnings †¢ New regulatory changes may grandfather or completely remove current strategies in place †¢ Market booms and busts may cause portfolio mix to be outdated / underperforming †¢ Clients may have suffered a loss, or injury causing them to claim and or need to reassess the financial commitments they can keep up with †¢ Clients may have come into a considerable amount of money unexpectedly allowing for more room to move in current strategy (e. g. inheritance, lotto) Change of advisor may bring upon new light on their situation, may have a better strategy in mind. b)Describe 2 activities you regularly undertake to keep up-to-date with current legal, ethical and regulatory requirements of the finance sector. †¢ Read financial review/finance news, current company legal updates †¢ Read the AFPA reports issued and newsletter from BT financial and liaise with current financial planners c)What level of ongoing service would you propose for these clients? ( â€Å"No service† ( â€Å"Portfolio valuation† ( â€Å"Port folio review† ( â€Å"Financial Plan review† ( â€Å"Other† Describe d)Describe the option recommended for your client, and why you have recommended this option. Describe the level of service you will provide and the associated fees. I would recommend an annual portfolio review for Allison and Simon to ensure that they are on track to achieving their goals. This would involve checking balances and fund mixes to ensure adequate returns have been made and that products are performing as anticipated. I would prepare a letter to send out based on my finding advising whether or not a change could benefit them. As the strategies recommended for Allison and Simone are fairly basic a separate fee would not be necessary as this service would be considered to be paid for under the trail commissions. Sample Fact Finder Risk Questionnaire 1. PERSONAL DETAILS |CLIENT 1 |CLIENT 2 | |Title: |Mrs |Mr | |Given Name: |Allison |Simon | |Preferred Name: |Allison |Simon | |Surname: |Callahan |Callahan | |Date of Birth: |1956 |1958 | |Marital Status: |M |M | | | | | Home Address: |Address: Lot 3 Wattle Road | | | | | |Suburb/Town: Hurstbridge | | |State: VIC Post code: | |Home Telephone No. | | |Preferred Contact No. | | | | | | | | CHILD / DEPENDENT DETAILS Name: |Megan | | | | |Relationship: |Daughter | | | | |Date of Birth: |1981 | | | | |Current Age: |29 | | | | |Financially Dependent: |NO | | | | HEALTH DETAILS Do you Smoke: |Yes / No |Yes / No | |State of Health: |Poor / Good / Excellent |Poor / Good / Excellent | |Are you aware of any health issues that may| | | |impact your ability to earn an income? | | | |(please provide details) | | | |Notes: | 2. EMPLOYMENT DETAILS |CLIENT 1 |CLIENT 2 | |Employment Status: |( Unemployed |( Unemployed | | |( Full Time Employed |( Full Time Employed | | |( Self Employed |( Self Employed | | |( Part-time |( Part-time | | |( Retired |( Retired | | |( Other |( Other | |Employer Name: |Best Marketing |Newbolds Pty Ltd | |Position Title: |Marketing |Employee | |Primary Duties: |Marketing |Custom Furniture | |Work Address: | | | |Current Work Phone No. : | | | |Employment Security: |Secure – just promoted |Secure – intention to stay long term | |Are you Contemplating leaving your employer? |In 5-6 years |Not in the foreseeable future | |Do you foresee any substantial change in |Planned retirement in 5-6 years, possible |In 5-6 years will reduce hours to part time | |your income in the next 2-5 years? reduction in take home pay in the lead up to|– income will be approx $20K p/a | | |this | | |Notes: | | | OTHER ADVISER DETAILS Accountant |Name: | | |Company: | | |Contact Detail: | | Do we have authority to contact? ( Yes ( No Solicitor Name: | | |Company: | | |Contact Detail: | | Do we have authority to contact? ( Yes( No ESTATE PLANNING DETAILS | |CLIENT 1 |CLIENT 2 | |Do you have a current Will? |No |No | |Date of Will / Last Reviewed: | | | |Power of attorney |No |No | |Type / Name of Attorney? | | |Do you have Funeral Plans? |No |No | |Do you have any specific intentions |Intention to pay for grandchildren’s |Intention to pay for grandchildren’ s | |regarding your estate distribution? |university in the approx 12 years (approx |university in the approx 12 years (approx | | |$120K in today’s dollars) |$120K in today’s dollars) | 3. FUTURE NEEDS OBJECTIVE AND GOALS |E. g. Current income needs, retirement income needs, diversification, tax minimisation, capital growth, investment security, wealth creation, | |eliminate mortgage etc | |Reasons for seeking financial advice | |Gain assistance with making the transition to retirement and planning the next five years | | | | | |Short Term (1 to 3 years) | |Save on tax on bank accounts/term deposits through possibly restructure | |Start increasing Allison and Simons Super balances ($160K and $47K) | |Look into other investment options to diversify current wealth | |Medium Term (4 to 7 years) | |Pay off IO mortgage of $150K in 5 years | |Buy new car (through trade in 9 year old land cruiser) worth $30K In 5 years | |Have a $40K (today’s dollars) p/a retirement income stream in 5 years | |Long Term (7 year plus) | |Pay for grandchildren’s university in 12 years – estimated needed $120K in | |today’s dollars | | | | | RETIREMENT PLANNING Retirement Details |CLIENT 1 |CLIENT 2 | |Plan ned Retirement Age: |59/60 |undetermined | |Retirement Income required: |$40K (today’s dollar) |$40K (today’s dollar) | |After retirement, do you intend to work |NO |Expected Income= | |again either on a full-time or part-time | |$20K | |basis? |Till age: undetermined | |What capital expenses will you have in |$ |$ | |retirement? (Please state expense and | | | |value) | | | |Would you like some assets left to your |$ |$ | |estate? Please detail) | | | |Notes: | | | | | 4. FINANCIAL DETAILS PERSONAL BALANCE SHEET Lifestyle Assets | |Owner |Date Acquired |Value |Associated Debt | |Principal Residence: |Allison and Simon | |$750,000 |$150,000 | Contents: | | | | | |Motor Vehicle/s : |Allison |2006 |Land Cruiser |No debt | |Caravan / Boat / Trailer: | | | | | |Investment Property: | | | | | |Other: | | | | | | | | | | | | | | | | | | | | | | | |Total | | | | | Investment Assets Investment | | | | | | | | | | | INCOME DETAILS | |CLIENT 1 |CLIENT 2 | |Income: |$135,000 |$45 ,000 | |Investment Income: |$1770 p/a interest (bank accounts) |$1770 p/a interest (bank accounts) | |Centrelink Income: | | |Pension/Annuity Income | | | |Other Income: | | | | Less Income Tax |$38554 |$7580 | | Less Medicare Levy |$2050 |$700 | |Total Net Income |$94426 |$38490 | |Combined Net Income |$132,916 | EXPENSE DETAILS |COMBINED | | |Food: | | | |Entertainment: |$15,000 | | |Transport/Vehicle: | | | |Council Rates: | | | |Amenities: | | | |Rent: | | | |Mortgage Repayments: |$12,000 | | |Other |$40,000 | | |Total |$67,000 | | SURPLUS DISPOSABLE INCOME | |COMBINED | | |Annual: |$65,916 | | |Monthly: |$5,493 | | PLANNED MAJOR EXPENSES |Nature of Expense |Approx. Expense Amount |Expected Date | |Grandchildren’s university |$120,000 in today’s dollars |12 years | |Purchase new car |$30,000 |5/6 years | | | | | | | | | |What cash reserve do you require for | | | |emergencies or unforeseen expenses? | | | |Are you expecting a future lump sum or | | | |inheritance? | | | |If so, how much? | | |Notes | | | 5. SUPERANNUATION INSURANCE SUPERANNUATION |Company |Policy No. |Employer/ Personal | |Are any of the above policies preserved? | |No | |Has a tax deduction been claimed for part/all? |Yes |No | |Are there any exit fees applicable? |Yes |No | LEAVE PAYMENTS Type |Expected Receipt Date |Anticipated Amount | |Annual: | | | |Long Service: | | | |Other: | | | |Have you recently received a redundancy package? |Yes |No | |If you have recently received a redundancy package, please provide notice of payments. | GENERAL INSURANCE Insurance Description |Policy Number |Owner |Date Commenced |Sum Insured |Premium Payable | |Term Life and TPD |Allison |$100,000 | | | | | | | | | | | | | | | | | | | | | | | | | |Notes: | | | 6. INVESTOR RISK PROFILE Your attitude to risk is probably the most important factor to consider before investing. To achieve higher returns, you will have to be prepared to accept a higher risk of capital loss. This is because the funds and assets that offer high returns are generally more volatile than those producing lower returns. It is what we call ‘risk/return trade off’. We will recommend investment strategies to match your investments to your risk profile. Investing across the various investment sectors according to your risk profile is called diversification. For example, instead of investing only in property, or only in shares, you might invest a proportion in both, or even include cash or fixed interest to create a balanced portfolio. You are a balanced investor who wants a diversified portfolio to work towards medium to long-term financial goals. You require an investment strategy that will cope with the effects of tax and inflation. Calculated risks will be accepted to help you achieve good returns. 17 – 23 Moderately Conservative – A Low Risk Taker You are a moderately conservative investor seeking better than basic returns, but risk must be low. Typically an older investor seeking to protect wealth that you have accumulated, you may be prepared to consider less aggressive growth investments. 9 – 16 Conservative – A Very Low Risk Taker You are a conservative investor. Risk must be very low and you are prepared to accept lower returns to protect capital. The negative effects of tax and inflation will not concern you, provided your initial investment is protected. 7. CLIENT STATEMENT / AUTHORISATION |I/We herby declare that the information set out in this form is true and correct to the best of my/our knowledge. | |I/We are not aware of any other information and have not disclosed to the person to whom this form is given any other information | |which would be relevant to the making of a recommendation by a Mentor Financial Planning Representative. | |I/We give permission for this information to be used for the preparation of my/our financial plan and I/we understand that the | |investment recommendations will be based solely on the information supplied in this form. | | |I/We also acknowledge that: | |( |I/we have received, read and understood the Financial Services Guide before any advisory services were provided; | |( |I/we permit this document to be passed in confidence to any member of Mentor Financial Planning Pty Ltd; | |( |Lim ited Information Provided | | |I/We have provided limited financial information. I/We have limited the product(s) or objective(s) that can be advised on | | |to: | | |If you are seeking limited advice of a particular nature you must make this known at the time of the interview and you | | |should recognise that the recommendations will only relate to that limited advice being sought and may not be appropriate | | |considering your overall situation and objectives. | |( |Tax File Number Permission | | |I/We give permission for my/our tax file number(s) as provided, to be held only by Mentor Financial Planning and be | | |forwarded to financial institutions as requested or as necessary. |( |Engagement Application | | |I/We request that Mentor Financial Planning investigate research and provide suitable options to the financial objectives | | |outlined in this questionnaire. | | | | | |I/We understand that the preparation fee of $500 is payable for the work to be undertaken. This fee may be credited | | |against my establishment fee should I/We proceed to implement any of the recommendations provided by Mentor Financial | | |Planning. | | |Client 1 | |Client 2 | | | | | |Signature: | | | | | | | | | |Date: | | | | |8. Adviser’s Declaration | I declare that: a) the information contained in the Fact Finder is an accurate and complete record of the information obtained from the client(s); b) The client(s) was provided with a copy of the Financial Services Guides before any advisory services were provided. |Adviser’s Signature | |Date | | | |Additional Important Information for the Client(s) | |If incomplete or limited financial information has been provided: | | | |I, as your Adviser, will not be able to undertake a full needs analysis of your individual investment objectives, financial situation | |and particular needs; | |There is a possibility that any recommendation given to you may not be fully appropriate to your individual objectives and needs, | |especially those which I, as the Adviser, do not know; and | |You as the client must carefully ssess the appropriateness of the recommendations to your own individual investment objectives, | |financial situation and particular needs before acting on them. | To Whom It May Concern Please accept this letter as my/our authority to provide any information requested and documentation if required to Azza Financial Planning (or their representative). Please accept a photocopy or facsimile of this letter, as the original will remain on file at the offices of Mentor Financial Planning. Correspondence should be sent to Level 2, 349 Collins Street Melbourne VIC 3000 This authority should remain in force until withdrawn in writing by me/us. Thankyou. |Allison Callahan | | | |Client 1 Name | |Signature | | | |Simon Callahan | | | | | |Signature | | |Client 2 Name | | | | | | | | | |Client 1 D. O. B. | |Client 2 D. O. B. | | | |___/___/___ | |___/___/___ | | | | | |Lot 3, wattle road, Hurstbridge, VIC | |Address | | | | | On Going Service Options 1. The â€Å"No serviceâ €  option This generally relates to a one off investment placement based on the agreed investment strategy in the financial plan. In choosing this option, no ongoing service or review of the financial plan and the investment portfolio is provided to the client unless specifically requested by the client or upon the recommendation of the planner. 2. The â€Å"Portfolio valuation† option This service provides reports on the value of your investment portfolio only. The fee charged will depend on the frequency of the reports. In choosing this option, no ongoing service or review of the financial plan is provided to the client unless specifically requested by the client or upon the recommendation of the planner. 3. The â€Å"Portfolio review† option This service provides reports on the value of your investment portfolio. The fee to be charged will depend on the frequency of the reviews and will be agreed at the time. The minimum fee is $N/A but this may be higher depending on the complexity of the review. This service includes: An annual/half yearly/quarterly review of your existing investment portfolio and its performance looking at further investment opportunities, if appropriate establishing if there have been any changes in legislation, the economic environment and state of the financial markets that may impact on your recommended investment portfolio In choosing this option, o ongoing service or review of the financial plan is provided to the client unless specifically requested by the client or upon the recommendation of the planner. 4. The â€Å"Financial Plan review† option This service provides for an annual/half yearly/quarterly review of the overall financial plan strategy and the investment portfolio recommend ed. Each review will be presented in the manner of a written report and recommendations. The fee to be charged will depend on the frequency of the reviews and will be agreed at the time. The minimum fee is $__500________, but this may be higher depending on the complexity of the review. This service includes: roviding reports on the value of your investment portfolio; an annual/half yearly/quarterly review (including comments) of your existing investment portfolio and its performance; looking at further investment opportunities, if appropriate; establishing if there have been any changes in legislation, the economic environment and state of the financial markets that may impact on your recommended investment portfolio and the overall financial plan strategy; establish if there have been any changes to your personal circumstances or financial goals and objectives; ascertain if the overall financial plan and the investment portfolio is continuing to meet your financial goals and objec tives (including an insurance review); and making any new recommendations (if necessary).

Merchant Of Venice-Portia Essays - Shakespearean Comedies

Merchant Of Venice-Portia When William Shakespeare wrote, The Merchant of Venice, he included a female character that influences the play dramatically. In most of Shakespeare's plays, the women have little power and intelligence. In The Merchant of Venice, however, Portia is a woman that saves the life of a man with her wit and intelligence. Another woman created by Shakespeare that posses qualities similar to Portia is Beatrice, from Much Ado about Nothing. Both women add to the main themes of the play because of their ability to use their intelligence and witty remarks as well as having a loving heart. The women share many similarities as well as many differences which seem to be inevitable because Portia seems to be put on a pedestal that very few can reach. Portia is one of Shakespeare's great heroines, whose beauty, lively intelligence, quick wit, and high moral seriousness have blossomed in a society of wealth and freedom. She is known throughout the world for her beauty and virtue, and she is able to handle any situation with her sharp wit. In many of Shakespeare's plays, he creates female characters that are presented to be clearly inferior to men. The one female, Shakespearean character that is most like Portia would be Beatrice, from Much Ado about Nothing. Both of the women are known for their wit and intelligence. Beatrice is able to defend her views in any situation, as does Portia. Shakespeare gives each of them a sense of power by giving their minds the ability to change words around, use multiple meanings and answer wisely to the men surrounding them. By adding a loving heart to both of these women, Shakespeare makes their intelligence more appealing. Even though Beatrice hides the loving side of her character for most of th e play, she still expresses her kindness and love in other ways. Like Portia, she is a dear friend and an obedient daughter. In the fourth act, after Portia has saved the life of Antonio, she uses her wit, just as Beatrice does to test Benedict's love, to convince Bassanio to surrender the ring that he vowed he would never part with. After simply asking for it and being unsuccessful, she decides to use her intelligence and says, I see sir, you are liberal in offers. / You taught me first to beg, and now methinks / You teach me how a beggar should be answer'd (IV.ii.438-440). The only main difference between the two women is the way they are perceived by the other characters. Portia is thought of as a perfect angel possessing no flaws, which is shown when Bassanio describes her to Antonio and says, In Belmont is a lady richly left, / And she is fair and, fairer than that word, / Of wondrous virtues? Nor is the wide world ignorant of her worth, / For the four winds blow in from every coast / Renowned suitors, and her sunny locks / Hang on her temples like a golden fleece, / Which makes her seat of Belmont Colchis' strond, / And many Jasons come in quest of her (I.i.161-172). Portia displays all the graces of the perfect Renaissance lady. She is not ambitious, she is quiet rather than restrictive. She is modest in her self-estimation. Her generous spirit makes her wish she had more virtue, wealth, and friends so that she can better help those she loves. Beatrice, on the other hand, is not described as beautiful and even though she is well liked in her society, she is not thought of in the same godly way as Portia is. Besides saving the life of Antonio, Portia is also used to convey the theme of deceptive appearances. Throughout the play, Shakespeare uses his characters to show the audience that a person cannot be judged by how they appear to the eye and that a person can truly be identified by their inner soul. Bassanio chooses the lead casket and proves that even though the other caskets appeared to be beautiful and trustworthy, the treasure was found in the casket of lead. Shakespeare foreshadows the theme of appearances when Portia says to her new husband, You see me, Lord Bassanio, where I

SAT Test Dates 2017-2018

SAT Test Dates 2017-2018 SAT / ACT Prep Online Guides and Tips When trying to plan an SAT study schedule, you must first know when exactly you'll be taking the SAT. In this article, we give you allSAT test dates, deadlines, and score release dates for the 2017-2018 testing year.We also provide you with our top four tips forhelping you choosethe best SAT test date foryour schedule. SAT Test Dates 2017-2018 Beloware allSAT test dates for 2017-18, as confirmedby the College Board.All the registration deadlines and online score release dates have been officially confirmed as well. SAT Test Dates 2017-18 (US) This testing year marks the first time there will be an August test date and no January test date.This August test date isonlyoffered in theUS. Test Date Normal Deadline Late Registration* Online Score Release August 26, 2017 July 28, 2017 August 15, 2017 September 18, 2017 October 7, 2017 September 8, 2017 September 27, 2017 October 26, 2017 November 4, 2017 October 5, 2017 October 25, 2017 November 23, 2017 December 2, 2017 November 2, 2017 November 21, 2017 December 21, 2017 March 10, 2018** February 9, 2018 February 28, 2018 March 29, 2018 May 5, 2018 April 6, 2018 April 25, 2018 May 24, 2018 June 2, 2018 May 3, 2018 May 23, 2018 July 11, 2018 *The late registration deadline is typically one week earlier if you are registering by mail. **Regular SAT only. SAT Test Dates 2017-18 (International) Starting in 2018, theMarch SAT test date will be availableoutside the US; however, this is only for the regular SAT, not the SAT Subject Tests. By contrast, the international November and June test dates will offerSAT Subject Testsonly. Test Date Registration Deadline Online Score Release October 7, 2017 September 8, 2017 October 26, 2017 November 4, 2017* October 5, 2017 November 23, 2017 December 2, 2017 November 2, 2017 December 21, 2017 March 10, 2018** February 9, 2018 March 29, 2018 May 5, 2018 April 6, 2018 May 24, 2018 June 2, 2018* May 3, 2018 July 11, 2018 *SAT Subject Tests only. **Regular SAT only. How to Choose an SAT Test Date: 4 KeyTips Familiarizing yourself with upcoming SAT test dates lets you customize yourstudy plan and choose a date that'll fit well withyour schedule. Here are four tipsto help youselect an ideal SAT test date. #1: Know Your Deadlines The most important thing to remember is to take your SAT early enough so that your scores will arrive before your college application deadlines.The most commonregular decision deadline is January 1,and the most commonearly actiondeadlines are November 1 and 15. The College Board typically sends SAT scores to schools (for your four free score reports)within 10 days after you receive your scores online.Check the Online Score Release columns in the tables above for exact score release dates. That said, some schools can take a week to process SAT scores they've received. As a rule, then, try tostick with SAT test dates that are at least five or six weeks before your application deadlines (seven or eight weeksif you think you'll need to order additional score reports). Below is a handy chart listing common application deadlines and their latest recommended and latest possible SAT test dates.The latest recommended dates are all but guaranteed to get your scores to your schools in time, whereasthe latest possible dates have a much higher risk of delivering your scores after your deadlines. As with anything, weigh your options carefully before making a decision! College App Deadline Latest Recommended SAT Date Latest Possible SAT Date* October 15 August August November 1 August October November 15 October October November 30 October November December 1 October November December 15 November November January 1 November December January 10-15 December December February 1 December December February 15 December December March 1 December December March 15 December December April 1 December March April 15 December March May 1 March March May 15 March March June 1 March May June 15 March May July 1 May June July 15 May June August 1 June June August 15 June June September 1 June June *These dates might get your scores to your schools in time or they might not! So choose wisely. Don't forget about SAT scholarship deadlines, either. If you want to get any scholarships that consider your SAT score, you’ll need to have your test scores sent outbefore your scholarship deadlines. Oftentimes, these deadlines are the same as college application deadlines. #2: Set Aside Time for Retakes Most students improve their scores when they take the SAT again, so you'll want to give yourself an opportunitytotake the test multiple times. Generally, we suggest doing the following: Take your first SAT in the fall of your junior year. Take your second SAT in the spring of your junior year. Take your third SAT in the summer/fall of your senior year (if necessary). If you can't (or didn't) take the SAT in the fall as a junior, don't sweat it- just take it as soon as you can in the spring, ideally in March. This way you'll still have several opportunities to retake the SAT in June, August, and the fall (as a senior). However, try not to choose any back-to-back SAT sessions,especially in the fall of your senior year. SATs are scheduled so closely together that you often won't even receive your scores until the late registration deadline for the following test date has already passed! You also likely won't have enough time to study effectively in-between tests, sospace out your SATs- your weary brain will thank you for it! #3:Come Up With a Solid Study Plan When selecting an SAT test date, you'll want to give yourself enough time to prepare for the exam. We generally advise studying for three to six months.But no matter how long (or how short) your time frame is before test day,you should always knowhowmany hours you must studyin order to hit your goal score. Our estimates for study hours and total point improvements on the SAT are as follows: 0-30 point improvement: 10 hours 30-70 point improvement: 20 hours 70-130 point improvement: 40 hours 130-200 point improvement: 80 hours 200-330 point improvement: 150 hours+ According to these estimates, the more points you want to score on the SAT, the more hours you'll need to dedicate to studying.For help with developing a surefirestudy plan, start with our guide on how to study for the SAT, and then take a look at these sample study plans. As with any test, make sure you're not trying to squeeze in too many study hours every day- wearing yourself down won't help you get a higher score, promise! #4: Note AnyConflicts WithTest Dates Our final tip is to check to see whether you'll have any potential conflicts on or around your desired SAT test date. For example, maybe theMarch test date is during your basketball playoffs, and you’ll be too busy to study. Or perhaps you want to avoid the May test date since you’ll be focusing on preparing for AP tests. Although it can be difficult to carve outtime during which you canfully devote yourself to the SAT, you don't want tooverwhelm yourself with too many tests or other obligations. So grab a calendar, check your schedule, andchoose theSAT test date that works best with your free time. What's Next? Want more info on SAT test dates?Check out our full guide to choosing SAT test dates, and peek ahead with our guides to2018-19 and future SAT test dates. Curious about ACT test dates, too?We offera comprehensive guide to all upcoming ACT test dates as well as an expert review of the best SAT and ACT test dates. Want to improve your SAT score by 160 points?We've written a guide about the top 5 strategies you must be using to have a shot at improving your score. Download it for free now:

Analytical Paper

Analytical Paper APN is a diversified media company that engages in activities such as newspaper publishing, radio broadcasting, and outdoor advertising. The company is headquartered in Sydney, Australia.For fiscal 2004, APN generated revenues of AU$1.3 billion ($979.0 million), a 12.2% increase over the previous year's revenues of AU$1.1 billion ($872.2 million). The company reported a net profit of AU$128.3million ($97.9 million) in 2004, representing a 24% increase over 2003's net profit of AU$103.5 million ($79.0 million).Business DescriptionAPN is a diversified media company. It operates in three segments: publishing, radio, and outdoor advertising.The company publishes around 24 daily and over 90 non-daily newspapers throughout Australia and New Zealand. In Australia, it serves the regions of Queensland and northern New South Wales. In New Zealand, APN operates the New Zealand Herald, which has a daily readership of 603,000 people aged over 15, as well as a number of regional and community news papers and mass-market magazines.English: Anika Moa in Invercargill,NZ - 19 March 2...APN also operates printing businesses, as well as a security plastics company.APN's radio broadcasting activities consist of investments in around 12 metropolitan radio stations in Australia and 105 radio stations in New Zealand. It manages a joint venture, the Australian Radio Network (ARN), with Clear Channel Communications, a radio broadcaster in the US.APN operates outdoor advertising categories such as posters, street furniture, transit, and supersites. It also runs outdoor businesses in New Zealand, Hong Kong, Malaysia, and Indonesia. The company's major outdoor businesses include Transit, Supersites, Rainbow, Kurnia, and Street Furniture.AnalysisAPN has links back to the pioneer newspaper families that brought a free press to the developing parts of Australia in the 1850s. These families consolidated their printing interests in 1968 to form Provincial Newspapers.In 1988, the company was acqu ired by Independent Newspapers of Ireland and changed its...

Human Resource Planning and Organizational Strategy Research Paper

Human Resource Planning and Organizational Strategy - Research Paper Example As such, human resource planning activities complements strategic development and implementation (Plunkett et. al., 2013). Human resource planning is the element of the staffing process that involves the assessment of an organization’s employees, predicts future needs and examines the need to retain or add employees. Recruitment involves identifying qualified potential employees. The element of selection has to do with examining candidates and hiring the ones who are best qualified and suitable for the job. In orientation, newly hired employees are acquainted with the environment within the organization. Training and development is the element of the staffing process that involves equipping employees with new knowledge, skills and competencies to facilitate and improve their performance. Through performance appraisal, the human resource management devises ways of assessing how well employees do in their jobs and how to reward them. Compensation is an important element of the staffing process that helps set employees’ payments and benefits. Employment decisions are the eighth element of sta ffing process that helps determine which employees are to be fired, laid off or promoted (Nelson & Public Library Association, 2008). The element of human resource planning corresponds to the human resource planning activity of assessing an organization’s staffing needs. Staffing process’ element of recruitment exemplifies one of the most important activities of human resource planning of getting new employees for the organization. Selection and orientation are the steps that follow the human resource planning activity of assessing the organization’s staffing needs. The human resource activity of budgeting complements the elements of the staffing process including training and development, performance appraisal and compensation. The element of employment decisions is encompassed