Paper Writers - Other Options Available

Paper Writers - Other Options AvailableJust like with any other profession, there are many options for those in the paper writing field. There are many different courses available from colleges and universities as well as online classes. If you have already completed your studies but still want to get a paper written, then here are some of the options that you have at your disposal.There are many different kinds of classes that you can take. Some of these include commercial grammar, ESL classes, sentence composition, teaching creative writing, creative writing and classroom writing courses. So be sure to take a look at all the possibilities out there and decide which course is best for you.The main thing to remember when it comes to these courses is that they should be tailored towards helping you become a better writer. This will make it easier for you to build on your skills and hopefully eventually become an exceptional writer. So always keep this in mind.Also remember that you ca n try a class or two without paying anything if it does not work out, but the point is that you are trying to help your student's best interest. So always remember that you are doing this for the student as well as the teacher.Another thing to keep in mind is that these courses are designed to not only help you learn how to write, but they also provide the student with additional knowledge in order to better teach. Remember that as an instructor, your goal is to help your students to become better writers, so you should be able to offer your student what they need to help them become a better writer.As a student of these courses, you are in control of your own area of expertise and they can give you information and help you write better when you start out. Just make sure that you do not let your courses become more about you than what you really want.Your goal as a student should be to learn the most effective ways to write, as well as to get better at teaching and becoming a better writer. This will help you stand out from other students in the future.

Marvel Free Essays

string(255) " bonds as collateral are valued largely lower now than they were when the bonds were first issued , which result in t hey can only recover a fraction of the face value of their bonds in the form of equity now and a breaking even again seems questionable\." Bankruptcy and Restructuring at Marvel Entertainment Group Chen Ziqiang Wu Libin Lin Yingshuai Deng Linli Lim Yihao 2011/11/29 1. Why did Marvel file for Chapter 11? Were the proble ms caused by bad luck, bad strategy, or bad execution? We think that Marvel filed for Chapter 11 mainly due to its bad business strategy. Three o f its six b usiness lines, Trading cards, Stickers and Comic Books started facing the decline in sales after year 1993. We will write a custom essay sample on Marvel or any similar topic only for you Order Now There were two main reasons for this decline: F irst, these businesses increasingly had to compete with a lternative forms of child entertainment (mainly video games). Second, the decline in sales was driven by disappointed collectors who had viewed comic books as a form of investment and stopped buying them as company stopped increasing the prices. We believe that the company should have foreseen these events while performing a market research and forming a long- term business and financial strategy. The three unpromising business lines accounted to 61% of total revenues of a company in year 1995. At the same time, the company’s financial strategy was based on highly optimistic business expectations and was not suitable for unfavorable turn of demand for entertainment products towards video games. Due to its high leverage (52%), the company was not able to serve all the debt in case of sharply declining revenues. It is obvious that the company did not anticipate the cha nge in customers’ preferences and was wrong in prediction of market trends, focusing on cards, stickers and publishing business lines and leveraging itself. Moreover, in 1995 Marvin continued its leveraged expansion into entertainment cards b usiness – acquiring Skybox. This decision was extremely imprudent, as the company was already on the threshold of financial distress and should have sought for high growth pportunities to expand in order to boost its revenues instead of adding debt to buy business whic h produces non- demanded products. Operating ratios Marvel Entertainment Group 1991 1992 1993 Sales 115. 1 223. 8 415. 2 Cost of Sales 58. 2 112. 6 215. 3 Cost of sales/ Sales 50. 6% 50. 3% 51. 9% SGA 21. 4 43. 4 85. 3 SGA/Sales 18. 6% 19. 4% 20. 5% Net Income 16. 1 32. 6 56 Net Income/Sales 14 . 0% 14. 6% 13. 5% 1994 514. 8 275. 3 53. 5% 119. 7 23. 3% 61. 8 12. 0% 1995 823. 9 383. 3 46. 2% 231. 3 27. 9% – 48. 4 – 5. 8% 1996 581. 2 372. 4 61. 4% 168 28. 9% – 27. 9 – 4. 8% As can be seen in the table above, Marvels operating ratios dropped dramatically. The cost of Sales/Sales rose from 51% in 1991 to 62% in 1996, together with the SGA expenses/Sales rising from 19% to 29%. Additionally Marvels Net Income/Sales dropped from 14% to – 5%. Leverage ratios Marvel Entertainment Group 1991 1992 1993 Total Debt 355,3 324,7 Shares outstanding 97,7 98,6 102,6 Share price 5 12 26 Market value of equity 488,5 1183,2 2667,6 Debt/ D+E 23,1% 10,9% EBITDA 35,5 67,8 114,6 EBITDA/SALES 30,8% 30,3% 27,6% Interest expenses 3,50 6,50 14,60 EBITDA/Interest 10,1 10,4 7,8 1994 585,7 103,7 16 1659,2 6,1% 119,8 23,3% 16,50 7,3 1995 934,8 101,3 12 1215,6 43,5% 214,7 25,9% 43,20 5,0 1996 977 101,8 4 407,2 70,6% 40,8 7,0% 42,70 1,0 Compare the management policy and the leverage ratios from that time together with its operating ratios, we believe Marvel made an extremely impudent move to acquire Skybox in 1995. While their operating margins where deteriorating and their lev erage coverage ratio (EBITDA/Interest) where falling, they should have acquired a different policy. For all above stated reasons, we believe that the company’s financial problems were caused mainly by bad strategy and poor management. . Evaluate the proposed restructuring plan. Will it solve the proble ms that caused Marvel to file Chapter 11? As Carl Icahn, the largest unsecured debt holder, would you vote for the proposed restructuring plan? Why or why not? A. ) We believe that the restructuring plan can only solve part of the problems that Marvel is facing. We also believe that the proposed restructuring plan will not solve the actual problems that Marvel is facing but only provide temporary relief to the company that is not sustainable. The proposed restructuring plan aims at providing liquidity to Marvel, lifting its debt burden and expanding its existing toy business. This is to be achieved by means of a recapitalization of the company through an emission of 427mn additional shares of common equity fo r a total value of USD 365mn. Additionally, the outstanding public debt of the company shall be retired with debt holders being paid in the shares that acted as collateral for their loans. With the proceeds of the emission and the lowered debt burden, Marvel is then supposed to acquire the remaining stake in ToyBiz, its toy manufacturer subsidiary. The recapitalization through the issue of 427mn new shares would solve the acute liquidity problems of the firm and the retirement of the firm’s public d ebt would lower the debt burden of the firm significantly. However, we believe that Marvel, under the proposed plan, would use its newly gained liquidity and flexibility to the wrong end. The acquisition of the remaining shares of ToyBiz would mean the continuation of an already ill- fated strategy that led to the current crisis. We therefore believe that the restructuring plan can only solve part of the problems that Marvel is facing. More precisely, the plan offers a solution for the symptoms of the underlying problems only. It solves the liquidity problem that caused Marvel to violate some of its debt covenants and it also lowers the company’s debt burden. The core problem in our view, the business strategy of Marvel, is not abandoned but even pursued further. B. ) I would not you vote for the proposed restructuring plan. The shares being p ledged to their bonds as collateral are valued largely lower now than they were when the bonds were first issued , which result in t hey can only recover a fraction of the face value of their bonds in the form of equity now and a breaking even again seems questionable. You read "Marvel" in category "Essay examples" This argument does not necessarily hold for the investors who bought the deeply discounted bonds but given the valuat ion of Bear Stearns it is questionable whether they will recover their investment either. 3. How much is Marvel’s equity worth per share under the proposed restructuring plan assuming it acquires Toy Biz as planned? What is your assessment of the pro forma Financial projections and liquidation assumptions? Marvel’s current market price that is 2 dollars before restricting plan assuming it acquires Toy Biz as planned. Table 1: Debt/Equity Ratio With the aim to calculate Marvel’s equity with the proposed a cquisition of Toy Biz we used DCF model. As Debt/Equity ratios are stable (table 1), FCFE is used to calculate the cash flow with the following assumptions. Table 2: Assumptions Assume: Discount Rate is equal to average Annual Return on Investments in Stocks from 1997 to 2001. *Annual Returns data is from histretSP. xls (http://pages. tern. nyu. edu/~adamodar/New_Home_Page/Inv2ed. htm) Table 3: FCFE 401. 7million/528. 8 million = 0. 76 Dollars per share. It shows that Mr. Perelman pays 13. 3% premium for new shares (he pays 0. 85 dollars per share). M arvel’s liquidation value Table 4: Marvel’s liquidation value The liquidation value is 424. 7million via Chapter 7. 4. Will it be difficult for Marvel or other companies in the MacAndrews and Forbes holding company to issue debt in the future? The outstanding debt of Marvel has been downgraded by two rating agencies. In 1995 S and Moody’s downgraded the holding companies’ debt from B to B- . In 1996 Moody’s downgraded Marvel’s public debt. After that, Marvel had announced that it would violate specific bank loan covenants due to decreasing revenues and profits. Downgrading of debt increases the change of default. After downgrading of debt, the process of probability to default increased substantially. The low credit rating indicates a high risk of defaulting on a loan and, hence leads to high interest rates or the refusal of a loan by the creditor. Investors realize this risk and therefore would demand a higher default premium. The increased default pre miums raised the cost of capital for the holding company. Given the increased risk premium and default possibilities, Marvel and other companies in the MacAndrews and Forbes holding group would having more difficulties issuing new debt in the future. Debt holders and creditors where raising questions about the integrity on the judgment decisions from Perelman. Judge Balick approved Marvel did not discriminate unfairly against non- affecting creditor classes and provided it was fair and equitable to all classes. In reaction, a lawyer challenged the Bearn Stern’s conclusions and insinuated Bearn Sterns had multiple levels of conflicts due to the contingency fee provided by Perelman. In the end even the Vice – Chairman of the Andrew group had to come with a statement to overcome all the negative sounds in the market. Anyhow it looks like Perelman’s reputation was damaged already. 5. Why did the price of Marvel’s zero-coupon bonds drop on Tuesday, Nov 12, 1996? Why did portfolio managers at Fidelity and Putnam sell their bonds on Friday, Nov 8,1996? On Nov 12, 1996, Marvel’s zero- coupon bonds fell by more than 50% when the spokesman for the Andrews Group announced the details of the proposed restructuring plan. According to the announcement, Perelman was to purchase, through Perelman- related entities, 410 million shares of newly- issued Marvel common for $0. 85 per share, 81% discount to the then prevailing market price of $4. 625. The newly- issued stock would not be subject to the pledge of Perelman- owned Marvel stock that otherwise secured the bonds. The announcement of this self- dealing transaction was in no way foreshadowed by Marvels’ prior public statements and conflicted with the covenants in the indentures to the bonds. Therefore, the market prices of the bonds to decline suddenly as the collateral t hat supported the bonds. Perelman’s Marvel common stock holdings pre- proposed transaction was diluted from 80% of the equity in Marvel to less than 16%. The terms of the prospective transaction required Marvel to increase the number of its outstanding shares to approximately 511. 6 million shares from 101. 8 million, diluting Marvel common stockholders and greatly reducing the value of the shares that were pledged as collateral for the bonds. So it greatly impaired and reduced the value of the bonds. In fac t, Marvel bondholders were divested of virtually the whole of their collateral while Perelman would maintain 80% ownership of the firm, purchasing the newly- issued shares at grossly sub- market prices while preserving the ability to write off Marvel’s losse s against the reported income in his other consolidated enterprises due to the maintenance of his 80% ownership of the firm. The price of Marvel’s zero- coupon bonds dropped also due to it did not meet the expectation of the debt holders, who analyzed the b ond by fair value or future growth of the firm. In addition, the public would predict that the restructuring plan could not be settled down so that the firm would have a very uncertain future, even bankrupt. Thus, the price declined because a lot of debt holders could not bear the risk for getting nothing and sold out their debts. On Nov 8, 1996, Howard Gittis, vice chairman of Andrews Group, called Fidelity Investments and Putnam Investments, two of the largest institutional holders of Marvel’s public debt, and asked them what they would like to see in a restructuring plan. Portfolio managers at Fidelity and Putnam decided to sell more that $70 million of Marvel bonds at a price of $0. 37 per dollar of face value on the next day. The main reason for selling by the managers is the conversation between Howard Gittis and them, which caused the managers considering the result of restructuring plan. They believed the plan would disappoint the public depending on their professional judgment. Perhaps, during this conversation, they got some detail information of the plan which proved the present value of Marvel’s bonds was overvalued. It gave the chance for them to avoid tens of millions of additional losses in diminished value that would have followed and suffer t he time they continued to hold the bonds already existing facts were revealed. On the other hand, the managers may worried about the downgrade of the bonds because the requirement of their portfolio allocation which constrained the percentage of the lower graded bonds or prohibited buying such bonds. Therefore, the bonds have to be sold to meet the requirement. How to cite Marvel, Essay examples

Jaelen Venable Essays (267 words) - Student Athlete, Track And Field

Jaelen Venable Dr. Wilson 17 August 2015 College Athletics: Are You a Fan? Jaelen Venable Dr. Wilson 17 August 2015 College Athletics: Are You a Fan? I am a fan of college athletics because of the excitement it brings to college campus' across America, the self discipline it teaches student athletes, and the fame and high standards it gives student athletes. College athletics I believe goes hand in hand with the overall goal of college which I think is for students to discover themselves and be well rounded, and college athletics helps students to do that. College athletics also provides opportunity for some student-athletes to go professional and earn their living playing the sport they love. I believe that college level athletes aspire to compete and play their sport with more passion than professional athletes do because the majority of times a student-athlete gets a scholarship because of how they perform on a field or court and they want to keep their scholarship which leads them to try harder whereas a professional who has everything from fame to money will become complacent and from a fan standpoint the game or event might not be as competitive or exciting as you would like. College Athletics brings together students to gather in spirit and cheer on fellow classmates and also be apart of special alma mater traditions. There are also a different variety of collegiate sports that appeal to everyone so no one is left out. I happen to be a student athlete and I like it because the experience and new things that I'm learning and seeing everyday.

Free Essays on Blues Analysis

Blues analysis Lighting Hopkins, Mojo Hand Blues legend, Sam ‘Lightning’ Hopkins’ long career might be said to have begun in 1920s, but it was not until the blues revival of the late fifties that Hopkins’ music began to reach the white audience. He had a great ability to improvise songs. He didn’t rehearse his songs; he lived them. He made up songs about things he experienced in his neighborhood. When he went into the studio he recorded whatever came into his mind. He recorded a total of more than eighty-five albums and toured around the world. What makes him special among his many contemporaries is his uniqueness; he leaps out and makes you notice him. He’s like no one else. The first thing that strikes you is his voice. It’s like a snicker and a laugh. Then there is his guitar playing. He was a master and had a distinctive guitar style. Hopkins’ emotions are as tightly focused as his guitar playing throughout. He always sounds relaxed. He plays either solo or with a dru mmer nailing down the rhythm. One of the favorite songs sang by him, is ‘Mojo Hand’ recorded in New York City in 1960. It is a 12-bar song with six verses and it features very little improvisation. The general pattern (chord progression) of the verse is: C C G C F G C In this song the most notable instrument is the guitar, which serves as a rhythmic and a melodic beat at the same time. The song starts with the four verses that comply these patterns with some slight differences. After the 4th and 5th verse, a solo guitar is added accompanied with standard chord changes: C, C - G, C - F, G, C. When the drums come in, Hopkins takes advantage of their presence to extend his high note runs, leaving the drummer Francis Clay to hold down the rhythm. Vocal and guitar are both joint perfectly (there is slight distortion, which is for better). The text that is sung with the melody doesn’t synchronize perfectly with the chord changes, b... Free Essays on Blues Analysis Free Essays on Blues Analysis Blues analysis Lighting Hopkins, Mojo Hand Blues legend, Sam ‘Lightning’ Hopkins’ long career might be said to have begun in 1920s, but it was not until the blues revival of the late fifties that Hopkins’ music began to reach the white audience. He had a great ability to improvise songs. He didn’t rehearse his songs; he lived them. He made up songs about things he experienced in his neighborhood. When he went into the studio he recorded whatever came into his mind. He recorded a total of more than eighty-five albums and toured around the world. What makes him special among his many contemporaries is his uniqueness; he leaps out and makes you notice him. He’s like no one else. The first thing that strikes you is his voice. It’s like a snicker and a laugh. Then there is his guitar playing. He was a master and had a distinctive guitar style. Hopkins’ emotions are as tightly focused as his guitar playing throughout. He always sounds relaxed. He plays either solo or with a dru mmer nailing down the rhythm. One of the favorite songs sang by him, is ‘Mojo Hand’ recorded in New York City in 1960. It is a 12-bar song with six verses and it features very little improvisation. The general pattern (chord progression) of the verse is: C C G C F G C In this song the most notable instrument is the guitar, which serves as a rhythmic and a melodic beat at the same time. The song starts with the four verses that comply these patterns with some slight differences. After the 4th and 5th verse, a solo guitar is added accompanied with standard chord changes: C, C - G, C - F, G, C. When the drums come in, Hopkins takes advantage of their presence to extend his high note runs, leaving the drummer Francis Clay to hold down the rhythm. Vocal and guitar are both joint perfectly (there is slight distortion, which is for better). The text that is sung with the melody doesn’t synchronize perfectly with the chord changes, b...

Essential Stats for Aspiring Executive Assistants!

Essential Stats for Aspiring Executive Assistants! The folks at CareerStep have pulled together some highlights from the Bureau of Labor Statisticss most recent report on executive assistants: where theyre most likely to be employed, where their wages are most competitive, and what those competitive rates are likely to be.Where to LookIf youre just entering the industry and want to make sure youre targeting the most promising opportunities, consider looking at colleges, universities, and professional schools (the highest employing industry!) in top paying states: New York, Connecticut, New Jersey, Maryland, and the District of Columbia. Other industries in the top 5 included local and state governments, corporate employers, and elementary and secondary schools.Highest Earning IndustriesIf your eye is on the hourly wage prize, though, consider pursuing opportunities at alcohol vendors (where the mean hourly wage $35.02!), telecommunications industries ($34.14), securities and commodity exchanges aka Wall Street ($33.16), banking and f inancial analysis companies ($32.89), and clothing and wholesale vendors ($32.22).These average rates should also help you detect underpaid (and potentially exploitative) job postings and empower you to negotiate for more competitive rates, especially if you work in one of the more competitive states like California, New York, Texas, Florida, or Illinois.Check out more statistics in the full report on the BLS.gov website or explore wage comparison profiles at Glassdoor.com to figure out what you should be making as an executive assistant!Executive Assistant Job Outlook and Stats!Read More at www.careerstep.com

Art History Essay Example | Topics and Well Written Essays - 1000 words - 6

Art History - Essay Example Roy Lichtenstein is a pop artists and contemporary of Andy Warhol. He used parody using old-fashioned comic strip. He was a teacher before venturing to Pop art based on commercial images such as advertisement painting focused on bard-edged figures. His 1961 Look Mickey used Be-Day dots or a technique comparable to Pointillism (Lobel, 33). Since then, he has produced more art works combining oil or Magana paint exemplified in Drowning Girl and the pop art diptych Whaam! He has influenced other DC comics artists (Lobel, 60). Liechtenstein is an iconography in pop art that until today amaze collectors and contemporary comic book fans. While he may be regarded by some as quite commercial for his techniques and use comic-style graphics, he is one artist to reckon with. Charles Atlas is a filmmaker and video artist. In his online biography, Charles Atlas came from St. Louis, Missouri and born in 1958. Video art uses the video tape as a statement of exploration on the medium or against commercial, entertainment video and may not have any logical presentation or narrative plot except for juxtaposition of images and scenes (Knight, 49). Atlas worked both on stage, screen, museum, and television and also had video installation works. He is considered to have pioneered the â€Å"media-dance, a genre in which original performance work is created directly for the camera† (PBS, P 2) and worked with the Merce Cunningham Dance Company for ten years. He collaborated with choreographers, dancers, and performers such as Yvonne Rainer, Michael Clark, Douglas Dunn, Marina Abramovic, Diamanda Galas, John Kelly, and Leigh Bowery. His four-hour montage â€Å"Television Dance Atlas† on Dutch television used dance styles of ballet, burlesque, and figure skating (PBS P 3). His video installation â€Å"The Hanged One† used rotoscopes, motorized mannequins, and theatrical lighting and may be considered evolving in its various presentations. He

Writing Scientific Report Coursework Example | Topics and Well Written Essays - 5500 words

Writing Scientific Report - Coursework Example Different techniques such as RVI and NDVI will be utilised. The various sensors used will be Landsat TM, Lansat MSS and NOAA AVHRR. The Landsat TM is used for thematic imaging only and can reveal only a limited amount of information such as the availability or non avialblity of vegetation. On the other hand the Landsat MSS (multi spectral surveillance) can be used to distinguish between various kinds of vegetation too. The NOAA AVHRR sensor is used to estimate the thermal emission or cooling of the surface. The presence of vegetation modifies thermal emission rates by lowering them while the absence of vegetation speeds them up. A complete treatment of the ideas presented above is outlined below to delineate the relative strengths and weaknesses of each system. Part One Vegetation Analysis of Lake Nakuru This section deals with the vegetation analysis of Lake Nakuru using simple and advanced models to discern the patterns of vegetation. The first analysis will utilise RVI (Ratio Vege tation Index) to attempt to explain how vegetation is interpreted from an image. The RVI is a ratio between the NIR (Near Infra Red) and R (Red) from each pixel in an image. Vegetation in general tends to reflect NIR as much as possible because NIR does not contribute significantly to plant nourishment and is speculated to cause plants to overheat. (Tucker, 1979) Red is reflected far less than NIR. Water, soil and manmade features have a far more static response to both NIR and R throughout the year. (Banman, 2001) A walk through of the methodology is presented below to enhance understanding. The image supplied is for Lake Nakuru and is sized at 500 rows and 640 columns and possesses 4 bands. The red, green and blue bands have been set at 4, 4 and 2 respectively. Spectral enhancement has then been utilised to analyse the image. The ratio of NIR to R is a ratio of channel 4 to channel 3. The output sensor has been selected as Landsat TM. The output from this process is shown below (o n the left) in comparison to the actual image (on the right). The image presented above is then re-coloured using a pseudo colour system with brown and green as limits. This produces the image presented below. A simple comparison of the images presented above reveals that the first above tends to coalesce human structures and certain rocks with vegetation. The resulting image cannot be used to classify vegetation with reliability. Instead the second image produced can delineate vegetation much better as can be seen. The second image has excluded vegetation near the centre especially and around it where human made structures exist. This image may be used to delineate a few factors that control vegetation distribution but expecting a complete appraisal of factors is not possible. The NDVI method has been used next to analyse the image because it tends to produce an empirical scale between +1 and -1 which appraises vegetation cover better. NDVI is the ratio of (NIR – R) to (NIR + R). All other settings utilised are the same as the ones used for the RVI analysis. However, the sensor used here is the Landsat MSS because it is far more fitting. The output is shown below. The RVI analysed image is shown on the left while the NDVI analysed image is shown on the right. It can be clearly seen that the NDVI image is far more detailed in terms of description of vegetation. The RVI image is less descriptive and tends to combine the various bands of vegetation while the NDVI image tends to differentiate the various bands of vegetation. Next the image data for Tunisia will be analysed to determine if desertification is occurring. The analysis is NDVI while the sensor employed is the NOAA AVHRR that can compensate for time effects far better than other types of sensors. (Holben, 1986) The various