IS FINANCIAL LEVERAGE A DOUBLE-EDGED SWORD Financial leverage means acquiring assets using funds provided by creditors and preferred stockholders to improve Return on Equity (ROE) of a company rather than utilizing owners’ equity. If a company can borrow money at a rate lower than the return on assets or ROI then the owners’ equity position will be improved. This occurs because less of the equity is required to purchase the assets. It is a double-edged sword and may be positive or negative. • A
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in our everyday interactions with the world around us. Newspapers‚ magazines etc. have for generations been a vehicle for communicating information. It was best said by the late English author Edward Bulwer-Lytton “the pen is mightier than the sword.” While reflecting upon this quote it is important to ask where history would be without writing. We would have very little evidence about the past. Famous quotes such as Edward Bulwer-Lytton’s would be forgotten and unknown by future generations.
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John Ronald Reuel Tolkien is the author of one of the most famous stories ever told‚ The Lord of the Rings. There is nothing simple about this unique epic; it is riddled with appendices‚ contains detailed maps‚ and contains languages with multiple dialects that Tolkien did not always feel the need to translate. While this epic has many idiosyncrasies found nowhere else‚ the most unique thing about the epic is the way it was written. Rather than start with the plot line and develop the details‚ Tolkien
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Early Colonial Women and Religious Education; A Double Edged Sword A double standard is defined as “a set of principles that allows greater freedom to one person or group than another” when looked up in the dictionary. For Puritan and Colonial women a double standard was defined as a way of life. Women at the time were not supposed to have an extensive knowledge of the Bible‚ as they were not viewed to be intelligent enough to understand it. On the other side‚ Puritan mothers were expected to
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strength‚ force‚ or security." The epic poem Beowulf explores several interpretations of arms by tracing this motif and juxtaposing it against the motif of swords‚ to reveal that while power helps one achieve his goal; power is useful only when the beholder trusts his inner strength. The motif of swords symbolizes fallible power. In some battles‚ the sword produces victory and in others‚ it fails. On the other hand‚ the arm motif symbolizes inner strength. In each battle Beowulf fights‚ he is victorious
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Samurai was placed in the middle of the social pyramid this means that the samurais did not have too little or too much power. Samurai are very important in history because‚ they would take on Seppuku which is a ritual suicide and these warriors swords had a special significance. To begin with‚ the ritual suicide that the Samurai would perform is significant because‚ assuming that the Samurai were to lose in a battle they would have to regain their honor. For instance in the website AsianHistory
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weapons are the sword‚ bows and crossbows‚ and axes. These weapons each have differ- ent uses and styles making them convenient for many tasks. Swords are normally depicted as only a knightly weapon‚ but were also used by commoners for many a duel. Of course they were mostly a knights weapons as they used them in battle for "hewing‚ slicing‚ and stabbing" (Renaissance Weapons). Some of the later types of the sword were shaped like big meat cleavers making them useful to butchers. Since swords could be used
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2004 Katana: The Spirit of Japan The Japanese sword has evolved alongside with the people of Japan for over a thousand years and has been a striking symbol of the spirit and history of old Japan. History has shown that the nature of the Japanese sword is a reflection of Japan ’s people‚ culture‚ attitudes and tradition. Modern day pop-culture is now focused on Japan ’s rich history and the craftsmanship of the tireless artisans of old. The sword has gone through centuries of change and development;
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In The Sword in the stone‚ the legend by Sir Thomas Malory‚ Arthur is a archetypal hero by pulling the magical sword out of the stone and giving the sword to his friend. When Arthur went back looking for sir Kay sword that had been missing after being just knighted and going to the tournament‚ Arthur stumbles upon a sword which is in a rock and he “strodes up to the sword and without troubling to read the inscription‚ Arthur tugged the sword free from the stone to give to Sir Kay.(Malory 646)”Knowing
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— including an international market — or a new marketing channel typically requires considerably more detailed analysis‚ especially when senior management is yet to take the decision on the strategic initiative. The following marketing plan is for Swords Wines’ launch into an international market‚ Shanghai in China‚ and is thus relatively detailed in its analysis and action plans. In practice‚ marketing plans should be kept as brief as possible while incorporating all the necessary analysis upon which
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