Why Do Adults Write About Arguments?

<h1>Why Do Adults Write About Arguments?</h1><p>Argumentative exposition subjects are unbelievably significant for grown-ups. As an author, you need to locate the correct point to accommodate your motivation. Be that as it may, what is the privilege topic?</p><p></p><p>Argumentative paper subjects are a decision between at least two contradicting positions. These positions could be about whether you like something or you can't help contradicting it. Maybe you are emphatically for an item yet are being compelled to utilize it in light of some other commitment. Or then again maybe you basically don't concur with somebody's position and need to contend it to make a point.</p><p></p><p>Argumentative article themes can be tied in with anything. You can even talk about things that are not so much particles. For instance, you may compose an exposition concerning why you accept the Earth is round, however then beginning expoun ding on how it didn't generally need to be round. This would be a factious paper subject that you'd preferably maintain a strategic distance from. On the off chance that you were going to make that contention, it is ideal to utilize 'imagine a scenario in which' proclamations or theoretical models instead.</p><p></p><p>Before you can compose any contentions, you have to discover the contentions that will work best for pugnacious article themes. This should be possible by conceptualizing thoughts. So as to do this, you should take a gander at your present information about the subject and recognize things that you know and don't have the foggiest idea. At that point search for things that you accept to be fascinating, however that you can't do a ton about.</p><p></p><p>When you have a rundown of thoughts and snippets of data to work with, at that point you will have the option to make a particular subject to compose your contention abou t. It can require some investment to conceptualize and afterward build a theme to fit the contentions you think of. In the event that you find that you are not awesome at this, you may discover others who are better at arguing.</p><p></p><p>You ought to recall that when you are composing that you are permitted to have your own assessments, or your own considerations. You don't need to concur with every other person. Indeed, you ought to expound on what you feel and try not to be attempting to persuade others regarding your perspective. That isn't the purpose of writing.</p><p></p><p>Argumentative paper subjects are ideal for grown-ups to expound on. This is particularly obvious with regards to more youthful perusers. By utilizing this thought, they can find out about an issue without perusing each expression of the whole essay.</p><p></p><p>You ought to likewise remember that it tends to be difficult to work the whole thing out. You ought to get thoughts together and write them down before you start to write.</p>

Kids, Work and Socialization Essay Topics

Kids, Work and Socialization Essay Topics The Socialization Essay Topics Stories There's no denying the simple fact that school had an important and lifelong effect on my socialization approach. If you must write your whole essay in 1 day, do your very best to give yourself breaks so you don't burn out. The role of assigning an essay to middle school students is to make awareness and permit them to develop writing skills. Yet another example of a norm which I was taught via the school system which I went through is proper hygiene. Socialization is easily the most significant factor in personality development. A child can't survive unaided for at least the initial four to five decades. He or she develops a sense of control over itself and its environment, although it is still dependent on its parents. He or she will then go through the process of learning what is considered right from wrong, what is socially acceptable. Socialization Essay Topics: the Ultimate Convenience! There are lots of aspects about a sport which can be argued in an essay. Your family has become the most important portion of who you are. There are several kinds of essays, and every one of them is challenging in a different way. Bear in mind that you may make funny argumentative essays if you do a few things. Argumentative essay is about arguing and debating on a subject, which is debatable. Sociology course wants a lot of reading. Take great notes and remember sociology is all about concepts. Sociology is the effort to comprehend how society works. Further the identical culture and the exact methods of Socialization may have diverse consequences on the growth of the personality of the members of the identical society. The significance of socialized attitudes can't be minimized in a society. Humans are a product of all-natural processes, he explained. In reality, socialization is a part of human life which never ends, individuals socialize until their death. There are argumentative essay topics. An argumentative essay requires you to choose a topic and have a position on it. The finest argumentative essay writing service on the world wide web is an organization that gives good quality and very affordable help on argumentative essay and argumentative essay topics. Occasionall y, selecting an excellent argumentative essay topics will be quite tough. Following are a few of the advised sociology essay topic for those students that are unable to choose a great topic for their assignment. When they are writing their argumentative essays that have to find, read and analyze lots of material to perform good. Consequently, they can come up with different thesis for different themes to write essays on hamlet. There are many steps which you should take to be able to write a fantastic essay. In the event you prefer to understand the practice of essay writing a fantastic sociology paper, have a look at the steps explained below. In this kind of situation, it's more convenient to discover ready-made essays and use them as an example. In the end, now that you're prepared to work on your paper, we wish to remind you of the value of appropriate essay structure. Several factors influence the individual choice like wealth or the practice of contemporary production and distribution. Take a peek at our list of flawless sociology essay topics and elect for the one that you locate the most exciting. Argumentative essay topics are so important since they are debatableand it's essential to at all times be critically considering the world around us. Moral argumentative essay topics are a few of the simplest to get carried away with. Choosing topics for argumentative essays is essential for your general success.

ACT Test Dates When’s a Good Time for You

Pick Your SAT/ACT Test Dates When’s a Good Time for You SAT/ACT Prep Online Guides and Tips I have no clue what's in store isn't a sentence you need runningthrough your psyche on your approach to take theSAT or ACT. On the off chance that you assume responsibility for your test prep and timetable, at that point you shouldn't have any amazements on test day. Other than considering, some portion of your arrangement should bestrategically arranging out your SAT/ACT test dates. Rather than shutting your eyes and pointing arbitrarily at a schedule, you canask yourself some key inquiries to make sense of when the best SAT/ACT test dates are for you. The main inquiry that each understudy should pose to herself, obviously, is, When are my school cutoff times? When Are My Deadlines? Most, if not all, understudies taking the SAT/ACT are doing so are a piece of their applications to 4-year colleges.Knowing your cutoff times is the main bit of significant data for settling on your SAT test date decision and ACT test date decision. SAT/ACT scores may likewise be required for certain grants, which additionally may influence your decision of test dates. Cutoff times for College Most standard choice cutoff times for school are around January first in your senior year. January 15 is another basic cutoff time, and a few schools go significantly later, as into February and March. In the event that you're applying early activity or early choice, at that point your cutoff times are most likely at some point in November. It takes around 3 weeks to get your SAT or ACT scores, so you need to ensure you leave at any rate this much time between your test dates and your first cutoff time. For genuine feelings of serenity, however, you'd be vastly improved off preparing your test done and to go before the last conceivable date. Leaving it to the very late gives you no security on the off chance that you have an accident testing day or are baffled with your scores. Also there's the uncommon possibility you could get unfortunate and have your scores deferred or even dropped, and afterward you'd be out of time. The SAT is given multiple times consistently, in January, March, May, June, October, November, and December. The ACT is typically given multiple times, in February, April, June, September, October, and December. One approach to consider your testing plan is the 1/3 - 2/3 principle. Depending on when you're beginning to prepare and design, you could take the SAT/ACT 1/3 of the time between your beginning stage and when your applications are expected, and the second time at 2/3 among now and your cutoff times. On the off chance that you began in January of junior year, for instance, you could take your first SAT/ACT in April or May and your next test in the fall, as in October. This rule accepts that you're going to take the SAT/ACT twice, yet a great deal of understudies decide to take it at least multiple times. I'll dive into what a run of the mill test-taking timetable resembles for understudies more beneath, yet first we should examine different cutoff times you may be meeting: grant cutoff times. Can't identify with this by any stretch of the imagination, isn't that so? Cutoff times for Scholarships Your SAT/ACT scores may likewise be a significant thought for winning grant cash. Most score-based grants come straightforwardly from universities, so your grant cutoff times will by and large match your school cutoff times. Whenever SAT/ACT-based grants are significant for you, at that point you should get your scores prior to help decide your school list. On the off chance that you can accomplish qualifying scores for ensured SAT/ACT grants, at that point you can make a point to apply to those schools that will grant you cash. Since application arranging is a procedure that takes a while, you most likely need to have your SAT/ACT scores before junior year's over. That way you can design as needs be, know which schools you're applying to, and center around the remainder of your application. As I referenced over, one potential issue with stepping through your exams a minute ago is that you'd come up short on test dates on the off chance that you aren't happy with your scores. Numerous understudies take the SAT/ACT more than a few times to prepare among tests and improve their scores. How frequently you need to step through the examination is simply the following significant questionto ask when picking test dates. How frequently Do I Want to Take the SAT/ACT? There is literally nothing amiss with taking the SAT/ACT more than once to accomplish your objective scores. Indeed, I'd strongly suggest taking it at any rate twice, if not at least multiple times. Nearly everybody improves when they retake the SAT/ACT. This genuine test experience can be particularly important on the off chance that you use it as a starting off point to decide your qualities and shortcomings and do focused on test prep that will assist you with pulling up your scores whenever. In the event that, as most understudies, you're stepping through your examination more than once, at that point you need to ensure you leave yourself enough test dates and monthsin between every one to consider. In the event that you took the SAT in May and, of course the following month in June, at that point you truly wouldn't have the opportunity to improve without question. Rather, you need to leave a while in the middle of test dates to prepare adequately. Given this key way to deal with hitting your scores on the SAT/ACT, what does an average test-taking timetable look like for most understudies? Common Test-Taking Schedule A common SAT/ACT plan for most of understudies includes three chances to step through the exam. Ideally this guide encourages you understand that there are a few contemplations when settling on your SAT test date decision and ACT test date decision. Because this timetable works for a great deal of understudies, doesn't automaticallymean it's the best one for you. Normal Schedule Numerous understudies take their first SAT/ACT in the fall of junior year, in the wake of spending the late spring examining. In the wake of accepting their underlying scores and thinking about the experience, understudies can take the following scarcely any months to strengthen their comprehension and improve regions of shortcoming. At that point they step through the examination again in the spring of junior year. Now, you may have accomplished your objective scores and be happy with your outcomes. On the off chance that you need one more opportunity to improve your scores, you despite everything have a few summer a very long time to prepare and afterward step through your examination again in the fall of senior year. Now, you've arrived at your last chance to test and will apply school. There are advantages and disadvantages to this calendar. The geniuses incorporate 3 chances to take the SAT/ACT Propelled aptitudes and substance information that you've created all through secondary school. Longer than a year to prepare and improve your scores between fall of junior year and fall of senior year. This timetable works truly well for a great deal of understudies, yet there are likewise a few cons to consider: Restricted test dates. When you arrive at fall of senior year, you don't have the opportunity to take the SAT/ACT for a fourth time. May cover with active seasons, as AP tests, school arranging, and varsity sports in junior and senior year. May feel more weight and weight on each test date, since you don't have additional time past these dates. On the off chance that any of these cons impact you, maybe on account of your lesser year exercises or tensions around testing, at that point you should seriously think about pushing back this normal calendar and enlisting for the SAT/ACT significantly sooner than junior year. Shuffling a ton junior year? Considertaking the SAT/ACT prior. Prior Schedule In the event that you push this run of the mill plan back about a large portion of a year, at that point you could step through your first SAT examination in the spring of sophomore year and afterward have around three additional chances to test. On the off chance that you needed five test dates, at that point you could take it in the fall of sophomore year. Contingent upon how much prep you put into the SAT/ACT, you could even be prepared to take it first year. In fact, you can accept the SAT the same number of times as you need and the ACT up to multiple times. Obviously, this would be needless excess, both an exercise in futility and cash and a potential warning to schools. While taking the SAT/ACT up to multiple times is worthy, you most likely needn't bother with additional to leave yourself any more test dates than that. In the event that you wind up taking it again and again to accomplish your scores, that time and vitality could likely be better spent on test prep. Other than easing the heat off and leaving you with more test dates, pushing this run of the mill plan back to sophomore year is a decent choice in case you're attempting to develop your scores segment by area, or superscore your test. I'll clarify what precisely I mean by superscoring underneath. Superscoring the SAT/ACT For anybody inexperienced with the expression superscoring, it alludes to the strategy that a few universities use when they consider your state administered test scores. In the event that schools superscore, they take your most elevated area scores over all the dates you stepped through the exam and utilize those for your last grades. On the off chance that you take the SAT/ACT more than once, at that point superscoring is your companion. On the off chance that you realize that your universities will superscore your outcomes, you can really utilize this arrangement to further your potential benefit. As opposed to concentrating on improving your scores in each area each time you step through the examination, you could concentrate seriously on raising your math score, for example. At that point you could step through the examination again and truly center in around Reading, or Writing, or ACT Science. Clearly you shouldn't totally disregard any segments, yet this could be an approach to accomplish an extremely solid score segment by area across numeroustest dates. Once more, you would need to ensure your schools superscore and don't see all scores or your most elevated sitting.If you're utilizing this methodology, you would need to begin taking the SAT/ACT in first year recruit or sophomore year to leave yourself enough test dates. Once more, I wouldn't suggest taking either test in excess of multiple times. This superscoring way to deal with taking the SAT/ACT drives us to the following significant considerationwhen picking your test dates - how much test prep you're willing and ready to give to meeting your objectives. Working diligently. How LongCan I Prepare Before My Test? Similarly as you would prefer not to disregard any segments of the SAT/AC

What Should I Write in My College Essay Application?

<h1>What Should I Write in My College Essay Application?</h1><p>The question at the forefront of everybody's thoughts is; what would it be advisable for me to write in my school exposition application? The main activity is to investigate what you know and what you have just done in the past.</p><p></p><p>As an understudy, the things that you have just composed on your own will be the best proposals to place into your article. There is no reason for starting a school paper application when you don't have any composing experience. At the point when you don't have any close to home composition to place into the last form of your paper, it isn't such a serious deal to send off that application to a school affirmations officer.</p><p></p><p>It is ideal to plunk down and chat with somebody from school and see what kind of composing the person in question may need you to compose. You can take your companion or relative and as k them what they think. Some may state to compose a story, others might need to get down to the 'quick and dirty' of life and dissect things from a particular point. These are instances of what to write in your school paper application.</p><p></p><p>When you are searching for a counsel, attempt to discover what your ebb and flow school will anticipate that you should place into your application, since it will influence your papers. On the off chance that you are applying to a school with a high notoriety, you will in all likelihood be required to utilize formal English as the primary type of writing.</p><p></p><p>Writing a long exposition isn't as simple as it appears. It requires some investment to compose something that will be paid attention to. Also, it must be written in a succinct way with the goal that it very well may be deciphered. In any case, after you have aced the specialty of composing a decent exposition, it is all in th e decision of words.</p><p></p><p>Once you havestarted composing and got the right words, you have to ensure that you have utilized them accurately. For instance, in the event that you are talking as an outsider looking in, at that point ensure that you keep the letters of the letter set out. You should compose a short passage just as a full body section with the goal that it isn't hard to understand.</p><p></p><p>Make sure that you do exclude any superfluous data in your paper. It might appear to be innocuous toward the start, yet on the off chance that you include some superfluous data, it won't help you later on. You should recall that you are composing for a school affirmations official, not for friends.</p>

How to Select Life Essay Topics

<h1>How to Select Life Essay Topics</h1><p>Once you have chosen the existence paper point, presently comes an opportunity to make your exposition. Try not to freeze on the off chance that you are completely lost since you will discover a ton of supportive tips here. You may even glance at some example articles, which can come in very handy.</p><p></p><p>Most understudies who are searching for subjects for their exploration papers are frequently searching for territories that they can identify with. For instance, on the off chance that they are keen on history or religion, they will presumably need to incorporate the points referenced in their expositions. In this way, you can begin by investigating those points that premium you.</p><p></p><p>The most ideal approach to look into on themes for your articles is to really peruse the examination papers of different understudies that you appreciate. This is a decent method t o recognize territories that you will need to remember for your essays.</p><p></p><p>Once you have distinguished your point, the subsequent stage is to pick which exposition theme you need to compose. Try not to be too rushed about this on the grounds that there are numerous points out there. On the off chance that you have a few subjects, you should choose one for each topic.</p><p></p><p>When you have picked your article point, you should simply decide the subtopic for every theme. For instance, in the event that you needed to discuss religion, you could pick the subtopic of Christian studies.</p><p></p><p>Life paper points can fluctuate from writing to legislative issues, etc. Thus, when you have picked your subtopic, you should simply fuse it into your life's subject. Despite the fact that every theme may appear to be an incredible point, numerous understudies locate that numerous individuals don't have a cl ue about that they ought to incorporate that topic.</p><p></p><p>There are numerous things that you can do to choose which life article subjects will be suitable for you. After you have picked a point, you can continue to research to discover the data that you have to make your subjects as compelling as possible.</p>

New Ideas Into Controversial Topics for Research Paper about Health Never Before Revealed

New Ideas Into Controversial Topics for Research Paper about Health Never Before Revealed There are events when you're alloted with the subject however more much of the time, you should make a point all alone. In this way, it ought to be easy to refute! Frequently, the absolute best point is one which you genuinely care about, however you likewise should prepare to examine it. Regardless of whether a particular research paper point is getting a lot of buzz right now or different people appear to be keen on expounding on it, don't feel enticed to make it your theme in the event that you don't really have some kind of enthusiasm for it moreover. Where to Find Controversial Topics for Research Paper about Health When talking about conversation, the absolute first thing which you should consider is conceptualizing. A subject that raises contradicting sees from different gatherings is believed to be questionable. Thusly, you can get to know the counter-contentions of the restricting gathe rings. The Secret to Controversial Topics for Research Paper about Health Includes a lot of research connects to enable you to start. When settling on your examination paper theme, you should make certain it is neither exhausting nor exhausted. A few locales ensure modest and top quality papers. Most of the destinations give a statement to the paper to be practiced. Issues dealing with the brain research of the two ladies and men are perhaps the most dubious themes offered for you. People additionally will in general relish finding out about questionable points. Political Theory can be an especially intense subject to choose a point for in light of the fact that there are a few prospects. Whichever trouble you're encountering an on-line custom composing site can assist you with overcoming it. While the structure of the paper is extremely standard, concocting dynamite theme may form into the hardest part. Endeavoring to pick a subject please make a special effort to be delicate and t hink about your crowd. In order to pick a captivating subject, which will show your best abilities, you should continue perusing. Snap the read more to arrive is a lot of warmed discussion on a few medical problems in usa, yet in addition in various areas of the world. To begin with, you should have a perfectly clear perception of what a disputable issue is. You may have caught wind of the contentions everywhere throughout the world. The issue of specialist helped self destruction. Things You Won't Like About Controversial Topics for Research Paper about Health and Things You Will Should you need help, you should simply tap the URL to our buy structure! The paper should be composed and a heavenly nature of work in spoke to there. A little help and a piece of master guidance are all you should get moving. You need to see totally that you're not composing a distinct article. A paper is consistently less difficult to compose in case you're keen regarding the matter, and you will be inc reasingly persuaded to do inside and out research and form a paper that truly covers the full subject. Before you begin composing a solitary expression of your paper, you first should comprehend what your postulation will be. Contentious works is a specific kind of a paper. This is what I Know About Controversial Topics for Research Paper about Health For instance the introduction of national clinical consideration framework and a more prominent inclusion by the administration especially in the protection projects can help in turning away the emergency. There's an excess of use on medicinal services by Americans thus it is essential to permit it to be moderate especially for the poor residents. In this way, the two understudies of human services projects and understudies of some other claim to fame may have an assignment to make an exposition on wellbeing theme. On the estimation of medical coverage. The War Against Controversial Topics for Research Paper about Health Prior to begin ning, ensure that the point you're keen on is with regards to the specific task. On the off chance that you are encountering issues become begun with a phenomenal idea, we've invested some energy sorting out point thoughts that you can be able to use on the following exploration paper task. Since no one might want to win look into composing on questionable subjects, you'll be the individual who adapt to the assignment viably. It's consistently critical to do careful fundamental research at whatever point you're entrusted with the obligation of making an intense theme in this subject. Questionable Topics for Research Paper about Health Features The more you understand the less complex it's for you to make a flourishing exploration paper. Demonstrate or refute Since you decide to create disputable points examine paper, you may demonstrate or negate the subject you're exploring. Should you do your examination, you'll need to better understanding of the applicable terms. You'll accompli sh all the more intriguing examination and you will show signs of improvement grade. The Honest to Goodness Truth on Controversial Topics for Research Paper about Health Writing an examination paper despite the fact that may seem testing is an extensive bit of routine understudy life. In bunches of decades, you will be a Doctor of Science. Medical caretaker specialists have one of the snappiest developing professions in the country, and we have the entirety of the information you need to comprehend about what things to envision from nurture expert school. Brain science is possibly the most fascinating subject of all, as it talks about how people respond in different circumstances.

Purpose of Electoral College Federalist Papers - What Is It?

<h1> Purpose of Electoral College Federalist Papers - What Is It? </h1> <h2> The Advantages of Purpose of Electoral College Federalist Papers</h2> <p>Federalist No. 10 is considered by numerous individuals to be the most essential exposition. In all actuality, it's imperative to not overlook that the Electoral College today is very different than that of days of old. Charles Beard discharged the underlying shots. The United States Electoral College is comprised of 538 individuals that are chosen at regular intervals to choose the President of the usa. </p> <h2> Ideas, Formulas and Shortcuts for Purpose of Electoral College Federalist Papers</h2> <p>The rules referenced by Hamilton should stay away from any predisposition in the decision of the Presidency and are intended to urge ordinary individuals to acquire a level of contribution in the constituent procedure in the particular states. He was discussing rabble rousers. State Rul es The methodology for choosing a president in the usa happens like clockwork. </p> <p>Taking into account the authentic vote of a particular express, a presidential competitor may select to forestall crusading or potentially promoting in that state. Their anxiety was that voters wouldn't completely understand what is required for the spot of the person with the greatest official office. A mainstream vote framework would take a quest for votes in each state in the occasion the political decision is close, as opposed to a quest for votes just in explicit states where there could be a nearby challenge. When chosen, the voters would meet inside their own states to abstain from congregating in 1 spot at the territory where they might be liable to harassing or control. </p> <p>In his contention, Hamilton expresses that a framework relying upon the Electoral College is the fitting way to deal with pick the President for various reasons. However nor was the College given the last say in the occasion the outcome neglected to prompt a greater part for a particular competitor. In this occasion, a little instruction can go far. Additionally, a victor takes-all framework in most of the states implies that triumphant the most votes in a particular state brings every one of the constituent votes. </p> <h2> Type of Purpose of Electoral College Federalist Papers</h2> <p>The well known vote isn't a similar discussion. The voters have a more extensive alternative. The diminished amounts of voters could be a direct result of the desensitizing that happens during the battling. The balloters meet in their different states 41 days following the mainstream political race. </p> <p>The amount of respect which ought to be given to The Federalist Papers in sacred understanding has ever been fairly questionable. Inside this exercise, we will learn more regarding the matter of the Federalist Papers and the motivation behind why they keep on being significant today. The Electoral College was made because of such aspects which were convoluted. Because of the absence of understanding why it exists, most qualified voters accept that their voice isn't heard, so they don't cast a ballot. </p> <h2>The Death of Purpose of Electoral College Federalist Papers </h2> <p>The point of the Electoral College was going to ensure that each state would have its own one of a kind self-sufficient government, and the Federal Government wouldn't be able to encroach on their freedoms. Maverick balloters aside, the incredible larger part of Electoral College have zero enthusiasm for challenging their states and modifying the consequences of the political ra ce. The Electoral College was viewed as a trade off that advanced vote based system while as yet allowing the legislature to work. Whatever the case, wiping out the Electoral College would not be an easy strategy. </p> <p>There are loads of potential changes that could happen in the state level. The states are a significant part of the government framework. This country has gotten excessively huge. It's extremely well known to challenge the appointive school right now. </p> <h2> The New Fuss About Purpose of Electoral College Federalist Papers </h2> <p>Some figured the people couldn't strategically come out to partake in a national political decision. The straightforward truth that more people might need to do what's going on than that which is correct changes nothing. Consequently, it's in the aura of man to make gatherings or groups. Regardless, It was attractive that the sentiment of the people ought to work in the choice. </p> <p>Among the characteristic shortcomings in a legislature relying upon the desire of the individuals is the possibility of anarchy. We can't confide in the decision to the individuals themselves. We'd exchange one kind of difficulty for one more. Here's the issue, however. </p> <p>During the following couple of decades the development of national ideological groups which were generally changed the capacity of the voters. While in a sizable republic the quantity of interests will be more prominent so to assist it with getting harder to find a dominant part. In addition, the purported swing states get all the consideration. A recent report concluded that the political impact of budgetary elites has risen quickly in ongoing decades, to a great extent as a result of unbridled organization campaigning and unchecked limitations on battle account. </p>

Essay Topics For College Application

<h1>Essay Topics For College Application</h1><p>Essay points for school are the main thrust of exposition composing. In any case, how might you thin your paper theme decisions so you're just applying to school articles that have high odds of progress? Here are a couple suggestions:</p><p></p><p>General Topics for College - These will in general have high odds of achievement. One model is; 'the reason should I set off for college?' This could be utilized as a beginning stage or as a reaction to 'for what reason should I head off to college?' Also, it is the ideal opening to a response.</p><p></p><p>Subjective Topics - these are articles dependent on an understudy's experience. They could likewise incorporate things like; 'I think I am acceptable at math'My guardians consistently trained me to be pleased with who I am.' It is ideal to know where your subject is coming from before composing your article. This will assist with guaranteeing that you compose inside a satisfactory format.</p><p></p><p>Personality Topics - If you're focusing on a specific character, this can be an extraordinary method to do as such. For instance, 'The science educator consistently disclosed to me I was keen,' could be a character subject. This would give you a subject, yet in addition give you a subject that is identified with you.</p><p></p><p>Rewritten Essays - another classification of article points are reworks. This is where an understudy has a particular point classes as of now however essentially needs an alternate completion. It's likewise a path for the essayist to utilize old material in another manner. The choice of revamping or in any event, changing the material in the first place can be useful, particularly if the exposition is very long.</p><p></p><p>Personal Essay Topics - these are altogether one of a kind thoughts that are composed by the understudy. They could be something that is close to home to the understudy, as; 'In the event that I had a million dollars, I would purchase my mom another house.' Or, if the understudy needs open help, similar to; 'I need to return to class yet my money related guide advocate continues revealing to me that I can't.'</p><p></p><p>Finally, you have to consider the reason for your exposition points for school application. Will you submit it as an exposition for school affirmations or is it going to be a supplemental reaction to another application? Clearly, it is bound to be a supplemental response.</p><p></p><p>College application papers can be a tremendous test, yet they don't need to be so troublesome. On the off chance that you follow these straightforward rules, your articles will be simpler to compose and they will have a higher possibility of success.</p>

Environmentally Sound Essay Topics

<h1>Environmentally Sound Essay Topics</h1><p>There are various sorts of exposition points on maintainability. To err on the side of caution, various them include ecological issues. In any case, there are additionally others that are increasingly comprehensive in nature. These paper subjects have to do with even more an individual's way of thinking and qualities, rather than their inclinations and hobbies.</p><p></p><p>They can run from over a significant time span to alternate points of view on various parts of ecological issues. The exposition ought to have the option to handle any of the manageability article themes recorded beneath. On the off chance that you haven't thought about thinking of one yet, right now is an ideal opportunity to do as such. This isn't only for ecological issues either, yet in addition for such themes as sexual orientation or even history.</p><p></p><p>The first thing to consider is the thi ng that sort of paper you might want to compose. Does it should be basically logical or absolutely intelligent? The previous isn't generally the best alternative since a logical one will manage a wide range of logical issues. That, yet there are a great deal of subjects you can cover here of study. On the off chance that you need to utilize it for the entirety of the ecological articles, you have to ensure your exposition will have the option to manage anything natural that may be talked about in the topic.</p><p></p><p>For the intelligent ones, consider utilizing data to help or clarify a sentiment or conviction that would bode well from a natural issues point of view. What is increasingly essential to you? Sympathy or information? Being learned will help with this choice, as will have the capacity to introduce evidence.</p><p></p><p>How will you assemble the exposition? Would you like to utilize the term 'condition' alone or would yo u rather utilize it as an equivalent word for the term 'maintainability'? This decision is up to you. For the vast majority of the ecological issues, you can take a word like supportability and use it as an equivalent, so pick the word you might want to utilize and investigate it.</p><p></p><p>Before composing any of these paper subjects, get yourself acquainted with the speculations of manageability and how they are identified with your specific field of premium. A decent method to do this is to peruse a few books that manage manageability. This will assist you with recognizing regions where you as of now have some mastery in the subject and those that need extra study.</p><p></p><p>Every article you compose gets an opportunity to go far towards having any kind of effect in how things are done in a specific domain. So how much more distant would you be able to take your articles that manage supportability? You can assist individuals w ith understanding the issues more by including realities and answers for the issue. Be certain that your answers are down to earth and serviceable. It's anything but difficult to compose an exposition with realities and definitions, yet with an answer, you'll need to ensure that it's something that anybody can implement.</p><p></p><p>A great tip for composing your article is center around what you need to state. Try not to let your creative mind show signs of improvement of you. Be straightforward and as exact as could be expected under the circumstances. A simple method to compose an article on maintainability is to layout the subject first, at that point begin drafting a paper that will address it.</p>

Why Should You Know the Research Behind Turmeric?

<h1>Why Should You Know the Research Behind Turmeric?</h1><p>Researchers from different fields, for example, science, pharmacology, pathology, wellbeing sciences and nourishing examinations are for the most part attempting to help the developing wellbeing mindfulness with respect to turmeric. Turmeric is a tropical flavor that is found in India, Southeast Asia, Africa and the Middle East. It is profoundly focused and is normally found in the foundations of a rhizome plant called the cilantro plant.</p><p></p><p>From days of yore individuals have been utilizing it to treat infirmities, inner ailments, stomach related issues, osteoporosis, malignant growth, parasites, looseness of the bowels, peptic ulcers, cerebral pains, headache, a few sensitivities, some neurological issue, despondency, asthma, psoriasis, stiffness, toothache, hypertension, glucose control, incessant exhaustion condition, diabetes and a large group of different infections. Studies show that turmeric can lessen aggravation, improve insusceptibility, help battle against colitis, diabetes, looseness of the bowels, joint pain, provocative gut illness, bronchitis, coronary illness, hemorrhoids, skin inflammation, skin break out vulgaris, and a few sorts of malignant growth. In clinical preliminaries, those experiencing a few interminable maladies demonstrated an amazing reaction to this therapeutic herb.</p><p></p><p>Researchers are separated into various clinical fields, for example, pharmacology, immunology, organic chemistry, radiology, cardiovascular science, dermatology, oncology, gastroenterology, pediatrics, psychiatry, the study of disease transmission, nervous system science, urology, obstetrics, pharmacology, and some more. Specialists have distributed a huge number of papers on the employments of turmeric to treat various maladies and this article will concentrate on only one such condition. Research shows that turmeric c an be utilized to treat malaria.</p><p></p><p>The utilization of turmeric as a cure isn't new yet the equivalent has been embraced in the customary medication with numerous exciting bends in the road in its history. A customary Indian medication, Ayurveda, has reliably advanced turmeric as a solution for all way of diseases and conditions. Since it is a ground-breaking disinfectant, it is normally utilized in purging your whole bodyof undesirable germs and bacteria.</p><p></p><p>A regular contamination known as the mouth blister, or the basic cold, is likewise treated utilizing turmeric. Different ailments like intestinal sickness, looseness of the bowels, gastroenteritis, ringworm, bacterial vaginosis, HIV, sore throat, prostate contamination, asthma, consumes, fevers, competitor's foot, psoriasis, and tonsillitis have all been dealt with utilizing the much-pined for curcumin.</p><p></p><p>In request to foresta ll diseases and its entanglements, numerous doctors currently recommend turmeric as a dietary enhancement alongside their standard prescriptions and to help look after wellbeing. It is viewed as a significant piece of current medication today.</p><p></p><p>Here is a distributed research paper that obviously delineates the adequacy of turmeric and is the logical clarification of the purposes for the prominence of turmeric in different fields of medication today. It is well worth reading.</p>

Research Paper Outline - An Example

<h1>Research Paper Outline - An Example</h1><p>A Research Paper framework will furnish you with a succinct rundown of the key research questions and can likewise fill in as the diagram for a coursework that you may be required to do. The blueprint for a Research Paper diagrams the strategies utilized in the examination, what you will be approached to learn and how the procedure will eventually be dealt with. The framework will likewise assist you with arranging your exploration so you won't sit around in picking an inappropriate research materials, notwithstanding helping you sort out your research.</p><p></p><p>An case of an examination paper plot is the examination paper diagram utilized in homeroom look into techniques. These will incorporate the utilization of cross-checks and measurements, a typical hotspot for investigate studies, and how each examination question was settled in the last report. Moreover, they ought to remember proposal s for what the understudy ought to do on the off chance that they can't help contradicting the choice made by the teacher or the researcher.</p><p></p><p>The paper diagram for any exploration venture will remember recommendations for what to do on the off chance that you are going to introduce your outcomes at a meeting or a significant gathering. This exploration paper diagram can likewise be utilized as a kind of perspective for those people who will contribute to the report, however who won't be a piece of the genuine research itself. These papers will likewise assist with giving bearings on the most proficient method to sort out the data and give input to the understudy on what ought to be finished with the data.</p><p></p><p>The case of research paper blueprint will likewise incorporate the kinds of productions that an understudy may get a kick out of the chance to make dependent on the examination. The layout will give a rundown of various styles of diaries for understudies to browse, which might be totally subject to the field of study. Furthermore, the layout can give a few hints on the most proficient method to accurately arrange a diary article, and what things should be incorporated while making the original copy. A rundown of the considerable number of things required and the date they should be submitted will likewise be remembered for the outline.</p><p></p><p>An case of an examination paper plot is the one utilized by various sociology offices. This is utilized to enable the office to make a calendar of its exploration in a specific subject region. An exploration paper diagram will likewise remember a few proposals for what will be remembered for the last report, what kinds of references will be incorporated, and how the last report will be prepared.</p><p></p><p>In the last research paper layout, the blueprint will likewise incorporate various choice s for structures that will be accessible to you just as the different assets that will be required. Additionally, it will assist with giving directions on how you will have the option to include your own information into the outcomes. Furthermore, the blueprint will incorporate the date you will be relied upon to send it to the publisher.</p><p></p><p>The case of research paper layout can be utilized by you in any circumstance that requires investigate paper composing. It is an amazing device for understudies who are finding out about a specific field or region of study. It can likewise assist you with deciding how your work ought to be sorted out, just as where you will present your completed product.</p>

The Appeal of Thesis Paper Writing

<h1> The Appeal of Thesis Paper Writing </h1> <p>A proposal isn't simply one more college exposition or paper that you have to compose and submit. Exposition is viewed as the hardest paper an individual may need to compose. You can likewise observe understudy paper. Therefore, you may be approached to create a tweaked exposition or a proposition paper at some point or another. </p> <h2>Whispered Thesis Paper Writing Secrets </h2> <p>There are numerous organizations giving scholastic composing administrations. One other significant reality with respect to the postulation online administrations is a cutoff time. In addition to the fact that you get some new and unique recommendations for your proposal, yet moreover help, in the occasion you need outside help, to complete your postulation. Our proposition composing administrations are quite often secure and secure. </p> <p>Our proficient paper composing organization can help you in a ll controls. You may evaluate the perfect paper help online from the absolute best paper journalists. Presently you know where the paper is driving, you will no doubt need to modify the presentation. Besides, each paper is checked for written falsification, and that implies you can ensure that there's no duplicated content. </p> <p>A proposal paper composing requires a prevalent foundation information and strategies. In your scholarly life, the postulation is doubtlessly the principle paper that you might compose. Composing an incredible postulation is paper takes a lot of training. Seeing how to form an examination paper proposition offers you a high ground in school. </p> <p>You will be able to utilize an immense division of the texture of the proposition in your last senior theory. It is conceivable to likewise utilize totally free proposal papers. You may likewise observe theory articulation. A proposition articulation doesn't have to get composed first, and moreover, you could generally transform it. </p> <p>If you're composing an exploration paper, you shouldn't concentrate on more than three factors, you should keep your proposal explanation exceptionally exact and consistently give information to each guarantee you gain. In the event that your attestation for an exploration paper is very emotional and hard to demonstrate, you should rethink your position. A postulation explanation is certainly not an exceptionally long, usually no longer than 1 sentence, guarantee you require to introduce after the introduction of your paper's theme. A literary theft report will be conveyed to you as well, so you'll have confirmation your paper is totally exceptional. </p> <h2>Why Almost Everything You've Learned About Thesis Paper Writing Is Wrong </h2> <p>There are numerous books on the theme you could concentrate before composing. You may get some information about the manner in which the author is composin g custom papers you have inquired. When you have assessed what you require, you essentially need to scan for the fitting theory to get a knowledge into the methods for composing postulations. At the point when you're composing your postulation, you should know a few functional procedures on how best to make it significantly progressively proficient. </p> <p>If you should devise an investigative research, take a gander at the subtleties you will inspect to all the more likely comprehend the whole thought. At the point when you're battling for the perfect evaluation for the proposition work, you will undoubtedly require decent postulation composing help. At the point when you give your postulation to us, be sure that you are probably going to have a last work that is absolutely liberated from unoriginality, a last work that is interesting, a last work that is all around examined, and a last work that gets the attention of your perusers. Envision to what extent you need to spend as an approach to form a pleasant theory. </p> <p>One of the chief highlights of a postulation proclamation is the way that it generally supplies a response to a specific inquiry and does so straightforwardly and concisely. There are different methodologies and one of a kind ways to deal with make a postulation proclamation. On the off chance that you might want your proposal to be delegated a proposition and not simply a pointless sentence, use an incredibly exact tone and explicit words. Ensure that you're not rehashing anything and that each sentence in your theory is relevant to the issue available. </p> <p>Be exact with the things which you will place in the proposal plot and be certain that they are identified with the examination that you might want to submerge yourself into. The announcement comprises of 1-2 sentences there isn't any need to engineer an individual postulation articulation diagram. A large portion of each of the, a generally exce llent proposal proclamation delivers an announcement. The veritable postulation proclamation is both exact and right to the point yet some clarification was given to expand the particulars of the investigation. </p> <p>Writing a proposal contrasts from composing various papers, and one is required to stick to the best possible postulation composing organization and style. It's anything but a basic assignment. Try not to accept that composing your own postulation is the most reasonable decision. Seeing how to form an examination paper proposal is the key advance. </p> <p>A proposal plot is a colossal guide in delivering an astounding examination paper as it sorts out the information as well. As it is a significant research work for each individual that complete it, that is the reason every one of its necessities must to be totally actualized. A theory includes unique research and is a set up strategy for creating particular information and procedures that coul d support somebody's skill inside a meaningful field of study. Your postulation will be inspected by the specialists in the concerned field so without a doubt, you must create your absolute best endeavors. </p>

Good Music Research Paper Topics

<h1>Good Music Research Paper Topics</h1><p>A music explore paper subject may incorporate finding better approaches to deliver compelling audio cues. It may likewise cover imaginative approaches to utilize instruments in innovative manners. Or on the other hand, it may analyze how instrument plays are being utilized as an approach to assemble music documentation and scores. Or then again, it may investigate the impact of media on the adequacy of the instrument.</p><p></p><p>The violin is a key instrument. It isn't just a remarkable instrument yet it has an extraordinary history. The violin, similar to the entirety of the best instruments is definitely not a one time thing. It's a piece of the human soul that has been around for eternity. With the violin as an instrument, we can truly wind up inside an alternate world with music.</p><p></p><p>Good music investigate paper themes may subsequently remember how to set aside cash for this extremely valuable instrument. Or on the other hand, how to improve its quality by teaching its clients about its over 2500 years of history. Or on the other hand, it may be fascinating to take a gander at how we have advanced from the prior old style violins to the more present day cellos and stringed instruments.</p><p></p><p>Another one of these subjects may be the manner by which we may improve the learning experience of the understudies in our secondary school science classes. We need them to be acquainted with all the essential logical ideas they have to know.</p><p></p><p>Music likewise has an abundance of history. From Mozart to Beethoven to The Beatles, music has made its imprint. Furthermore, the absolute best music specialists had humble beginnings.</p><p></p><p>So, great music inquire about paper points may likewise consider how performers keep on pushing the limits of music. This is o n the grounds that they have a profound comprehension of the stuff to be a performer. They have discovered numerous new and energizing approaches to communicate with the intensity of music. Furthermore, so they are continually searching for better approaches to make their music more effective.</p><p></p><p>So, great music inquire about paper subjects may incorporate a portion of these points. There are such huge numbers of good thoughts here to assist us with becoming familiar with this extraordinary endowment of the violin has given to mankind.</p>

Don Juan Essay Thesis Example For Students

Wear Juan Essay Thesis A monolog from the play by Moliere NOTE: This monolog is reproduced from The Dramatic Works of Moliere, Vol. II. Ed. Charles Heron Wall. London: George Bell Sons, 1898. Wear JUAN: There is not, at this point any disgrace in lip service; it is an in vogue bad habit, and every single popular bad habit go for ethics. To put on a good show of a decent man is the best section one can act. The calling of hipocrisy has superb favorable circumstances. It is a craftsmanship, the imposture of which is constantly viewed with deference; and in spite of the fact that the world may see through the duplicity, it dares state nothing against it. The various indecencies of humankind are opened to rebuke, and everybody is at freedom to assault them strongly; yet hipocrisy is a special bad habit which shuts the mouth of everybody, and appreciates in harmony a sovereign exemption. By dint of cant we go into a sort of group with those of a similar gathering, and whoever drops out with one of us has the entire set against him; while the individuals who are extremely true, and who are known to be decisively, are consistently the hoodwinks of the others, are trapped in the net of the frauds, and aimlessly loan their help to the individuals who gorilla their direct. You could scarcely accept what some of these individuals I know who with the assistance of such trick have put a fair cover over the disarranges of their childhood, have looked for cover under the shroud of religion, and under its worshiped dress are permitted to be as mischievous however they see fit. Despite the fact that individuals know about their interests, and know them for what they are, their impact is none the less genuine. They are generally welcomed all over the place, and a low bowing of the head, profound moans, and moving eyes, compensate for everything they can be liable of. It is under this helpful dress that I intend to take asylum and put my issue to rights. I will not surrender my dear propensities, yet will cautiously shroud them, and maintain a strategic distance from all show in my joys. In the event that I am found, the entire scheme will take up my inclinations volu ntarily, and will shield me against everyone. To put it plainly, it is the main safe method for doing all I like without any potential repercussions. I will set up for a blue pencil of different people groups activities. I will talk fiendishness of everyone. In the event that I am yet marginally outraged, I will never excuse, however bear a beyond reconciliation contempt. I will make myself the justice fighter of the interests of Heaven, and under this advantageous asylum I will seek after my foes, will blame them for iconoclasm, and skill to let free against them the impertinent fanatics who, without seeing how reality stands, will stack maltreatment upon them and damn them strikingly on their own private position. It is in this way that we can benefit by the shortcomings of men, and that an astute man can accomodate himself to the indecencies of his age.

Admin Assistant Essay Example

Administrator Assistant Essay Dear Future Employee, Upon perusing the expected set of responsibilities you have posted, I am sure I would be an ideal fit for the current situation. I am very PC productive, and make a magnificent right hand/office director/support for all who are needing it in the workplace when fundamental. I have awesome listening aptitudes, am not reluctant to pose inquiries, and am amazingly direct, going about as a key issue solver when issues may arise.In expansion to my regulatory abilities, I offer noteworthy capacities and involvement with sorting out, organizing, privacy of records, and itemized arrangement of reports and ventures. My capacity to coexist well with others, to make important acclimations to fulfill time constraints, and adequately organize in quick paced conditions have all added to my development in this field and my bosses putting a noteworthy level of trust in me.I am accessible to begin at the earliest opportunity and I have connected a duplicate of my resume so you ma y see my capabilities for yourself, in any case, I accept an up close and personal meeting would permit us to become more acquainted with one another better and answer any inquiries that may emerge. I truly trust I am an astounding contender for this position and expectation I will be thought of. An opportunity to demonstrate that I can be an extraordinary expansion to your group is all I inquire. If you don't mind let me know whether there is whatever else I can give as far as references or composing tests. Much obliged to you for your time. I anticipate hearing back from you. Truly,

What Pros Are Saying About Essay on Baby Boom Topics and How This Affects You

<h1> What Pros Are Saying About Essay on Baby Boom Topics and How This Affects You </h1> <p>In request to obtain the 10% rebate, you need to arrange in excess of 50 pages, while for the greatest markdown you should arrange more than 100 pages! So you should downsize to ensure that you will have the option to run an exploration inside a constrained timeframe. School kids are regularly made to pull dusk 'til dawn affairs just so as to read for every one of their tests, so there will be the intermittent paper they won't be in a situation to compose appropriately or submit in time. Individuals today belittle precisely how troublesome it's to be an understudy. </p> <h2> Essay on Baby Boom Topics - Overview</h2> <p>Even after a gigantic mindfulness in the general public to the need of instruction for everyone, the extent of training is as yet not same in different districts of the country. The emotional increase in the U.S. populace after the war c an be credited to a few things. Without the adequate supplies required for the populace, it may cause unexpected frailty that could cause passings in the individuals. After the gen X-ers were initially conceived, they required a colossal number of new lodging and supplies, alongside causing a tremendous increment in populace in a very short time. </p> <h2>The Fundamentals of Essay on Baby Boom Topics That You Will have the option to Benefit From Starting Right Away </h2> <p>Your kid was mentioned to make an exposition as a component of a school venture, or as a kind of paper challenges for kids, and you may think that its difficult to consider enticing article points. Without composing the outcomes there's no sense to take a shot at the full research paper. When you get your theme picked, start your exposition with a fishbone graph, additionally called an Ishikawa chart, to obtain your thoughts spread out before you start composing. At the point when the subj ect is picked you should continue to composing. </p> <p>English, the board, business paying little heed to what field of study you're in, you're probably going to get the chance to keep in touch with certain articles. Fortunately, our skilled journalists are knowledgeable about a lot of one of a kind subjects, and they have the ability to make top articles, regardless of subject. There's a variety of reasons why understudies may neglect to be in a situation to form their papers and the motivation behind why they would require a paper working support of help them out. Hence, suppose you've set out to utilize an article composing administration the biggest battle is to perceive which association is the most fitting for your necessities. </p> <p>There's likewise cost identified with the measure of lab test that are required as an approach to screen these meds. You likewise need to directly down the related effects of the factor, assuming any. At precisely the same time, recognizing circumstances and logical results conne ctions isn't that simple with respect to the choice of a prevalent circumstances and logical results exposition subject. You may appreciate the causes and consequences of the factor be that as it may, you may think that its intense to sound clear to other people. </p> <p>You may consistently tell the standard of a help and an organization by their client administrations. For example, you might be worried about social and health troubles or security of nourishment arrangements. It is conceivable to likewise benefit as much as possible from chipping away at themes related with your current employment since you'll have a decent opportunity to gather the key information. The decision to contact our client care group is additionally advertised. </p> <h2> Definitions of Essay on Baby Boom Topics</h2> <p>It builds up our scientific capacities, character and general character. Instruction improves the psychological status and adjust the strategy for think ing about a person. It is significant instrument for the individuals everywhere throughout the world to make equalization of life and its reality on the earth. </p> <h2>The Most Popular Essay on Baby Boom Topics </h2> <p>Geographical area is an enormous segment in the amount of pay earned by methods for a SLP. Our expert journalists are widely prepared and experienced, and we'll allocate a person with the right measure of skill for your specific school task. At the point when you have an organization available, you can ensure that the undertaking will be finished in any event, when you aren't exactly resolved to deal with it right now. Luckily, you have an organization like our own available to you which is the motivation behind why the achievement of your scholastic composing errands will turn out to be adequately more straightforward. </p> <p>Folks are getting profoundly mindful concerning the extension and significance of training in their life thus endeavoring to get profited. Music turned into a basic strategy to extend your disposition. Organizations, endeavoring to keep up their customers, left the city to set up rural shopping centers. Organizations flourishes or bombs dependent on their ability to stay aware of the inclinations of this monetary powerhouse called the children of post war America. </p> <h2> The Little-Known Secrets to Essay on Baby Boom Topics</h2> <p>The more you might want to think about the subject, the more probable you are to look into top to bottom for extra material to set into your paper. On the off chance that the point is chosen effectively it will be fruitful among the peruser and cause a decent arrangement of conversations. On the off chance that you pick a theme which is excessively wide, you will end up composing only a general outline without an inside and out perception. At first, it might appear that it's a smart thought to pick this issue completely all alone. </p> <p>Choosing suitable methodology for examination is fundamental in light of the fact that inconsistent techniques will bring about untrustworthy results. Proper training recognizes our vocation targets and instructs us to abide in increasingly acculturated manner. Can't be used related to other special codes. Every single individual need legitimate instruction to support their own life measures notwithstanding become a bit of the social and money related advancement of their own country. </p> <p>Demographers demand that the time of increased birth rates not be viewed as an immediate or backhanded impact of the finish of the war. The size and unmistakable characters of the people born after WW2 won't simply make a sentiment of desperation to current issues, yet in addition make a totally new arrangement of maturing issues. As a result, many accept people born after WW2 are to some degree more narcissistic than different ages. The period person born after WW2 to allude to an entire age was at first used in 1970. </p> <p>If, for instance, you're composing a paper on preparing a pooch in 5 stages, don't join the underlying 3 stages inside a section and your very own skill in the end. One of her absolute first inquiries was whether he was unfaithful. These points need true data, rather than individual reflections, making it straightforward for a learner to compose. It's the best way to secure information and upgrade our aptitudes in a particular field in accordance with the need. </p>

Post Traumatic Stress Disorder ( Ptsd ) - 1746 Words

Over twenty veterans commit suicide every single day in the United States (Freking). Twenty lives taken off the face of this earth due to mental or physical hardships these veterans face each and every day. One of the largest contributors to this huge amount of unnecessary deaths is the silent killer that is post-traumatic stress disorder (PTSD). PTSD is a mental disorder that develops when someone experiences traumatic events or other moments in which their life is in jeopardy. The effects of PTSD can leave one feeling alone, anxious, hopeless, and turn them into a lesser version of themselves. Roughly fifteen percent of veterans return from deployments in which they experienced combat with PTSD, thus amassing to over 400,000 soldiers from the campaigns in Afghanistan and Iraq alone (How Common Is PTSD?). Even though PTSD effects so many veterans there is not a lot of public knowledge or support for the fight to combat it. Due to the devastating effects that post-traumatic stress di sorder has on our veteran population both the government and the public should provide the funding, support, and recognition that is needed to combat the disease. Post-Traumatic Stress Disorder is an illness that is extremely hard to treat. With a multitude of symptoms such as agitation, severe anxiety, guilt, and self-destructive behavior, each diagnosis is unique therefore treatment must be specialized. The most common way to diagnose someone with PTSD is through an in depth screening processShow MoreRelatedPost Traumatic Stress Disorder ( Ptsd )990 Words   |  4 PagesPost-Traumatic Stress Disorder Post-traumatic stress disorder is a common anxiety disorder characterized by chronic physical arousal, recurrent unwanted thoughts and images of the traumatic event, and avoidance of things that can call the traumatic event into mind (Schacter, Gilbert, Wegner, Nock, 2014). About 7 percent of Americans suffer from PTSD. Family members of victims can also develop PTSD and it can occur in people of any age. The diagnosis for PTSD requires one or more symptoms to beRead MorePost Traumatic Stress Disorder ( Ptsd )1471 Words   |  6 PagesRunning head: POST-TRAUMATIC STRESS DISORDER 1 Post-Traumatic Stress Disorder Student’s Name Course Title School Name April 12, 2017  Post-Traumatic Stress Disorder Post-traumatic stress disorder is a mental disorder that many people are facing every day, and it appears to become more prevalent. This disorder is mainly caused by going through or experiencing a traumatic event, and its risk of may be increased by issuesRead MorePost Traumatic Stress Disorder ( Ptsd ) Essay1401 Words   |  6 PagesAccording to the Mayo-Clinic Post Traumatic Stress Disorder, commonly known as PTSD is defined as â€Å"Post-traumatic stress disorder (PTSD) is a mental health condition that s triggered by a terrifying event — either experiencing it or witnessing it. Symptoms may include flashbacks, nightmares and severe anxiety, as well as uncontrollable thoughts about the event† (Mayo Clinic Staff, 2014). Post Traumatic Stress disorder can prevent one from living a normal, healthy life. In 2014, Chris Kyle playedRead MorePost Traumatic Stress Disorder ( Ptsd )1198 Words   |  5 Pages Post-traumatic stress disorder(PTSD) is a mental illness that is triggered by witnessing or experiencing a traumatic event. â€Å"PTSD was first brought to public attention in relation to war veterans, but it can result from a variety of traumatic incidents, such as mugging, rape, torture, being kidnapped or held captive, child abuse, car accidents, train wrecks, plane crashes, bombings, or natural disasters such as floods or earthquakes(NIMH,2015).† PTSD is recognized as a psychobiological mentalRead MorePost Traumatic Stress Disorder ( Ptsd )1423 Words   |  6 Pages Mental diseases and disorders have been around since humans have been inhabiting earth. The field of science tasked with diagnosing and treating these disorders is something that is always evolving. One of the most prevalent disorders in our society but has only recently been acknowledged is Post Traumatic Stress Disorder (PTSD). Proper and professional diagnosis and definitions of PTSD was first introduced by the American Psychiatric Association(APA) in the third edition of the Diagnostic andRead MorePost Traumatic Stress Disorder ( Ptsd ) Essay1162 Words   |  5 PagesSocial Identity, Groups, and PTSD In 1980, Post Traumatic Stress Disorder (PTSD,) was officially categorized as a mental disorder even though after three decades it is still seen as controversial. The controversy is mainly founded around the relationship between post-traumatic stress (PTS) and politics. The author believes that a group level analysis will assist in understanding the contradictory positions in the debate of whether or not PTSD is a true disorder. The literature regarding this topicRead MorePost Traumatic Stress Disorder ( Ptsd ) Essay1550 Words   |  7 PagesPost Traumatic Stress Disorder â€Å"PTSD is a disorder that develops in certain people who have experienced a shocking, traumatic, or dangerous event† (National Institute of Mental Health). Post Traumatic Stress Disorder (PTSD) has always existed, PTSD was once considered a psychological condition of combat veterans who were â€Å"shocked† by and unable to face their experiences on the battlefield. Much of the general public and many mental health professionals doubted whether PTSD was a true disorder (NIMH)Read MorePost Traumatic Stress Disorder ( Ptsd )944 Words   |  4 Pageswith Post-traumatic stress disorder (PTSD Stats). Post-Traumatic Stress Disorder is a mental disorder common found in veterans who came back from war. We can express our appreciation to our veterans by creating more support programs, help them go back to what they enjoy the most, and let them know we view them as a human not a disgrace. According to the National Care of PTSD, a government created program, published an article and provides the basic definition and common symptoms of PTSD. Post-traumaticRead MorePost Traumatic Stress Disorder ( Ptsd )1780 Words   |  8 Pagesmental illnesses. One such illness is post-traumatic stress disorder (PTSD). Post-traumatic stress disorder is a mental illness that affects a person’s sympathetic nervous system response. A more common name for this response is the fight or flight response. In a person not affected by post-traumatic stress disorder this response activates only in times of great stress or life threatening situations. â€Å"If the fight or flight is successful, the traumatic stress will usually be released or dissipatedRead MorePost Traumatic Stress Disorder ( Ptsd )1444 Words   |  6 PagesYim – Human Stress 2 December 2014 PTSD in War Veterans Post Traumatic Stress Disorder (PTSD) is a condition that is fairly common with individuals that have experienced trauma, especially war veterans. One in five war veterans that have done service in the Iraq or Afghanistan war are diagnosed with PTSD. My group decided to focus on PTSD in war veterans because it is still a controversial part of stressful circumstances that needs further discussion. The lifetime prevalence of PTSD amongst war

A Comparative Analysis of Overstock and Amazon Free Essays

Financial Reporting, Analysis and Ethics: A Comparative Analysis of Overstock. com and Amazon Robert Baird BU7545 Fall 2011 Financial Reporting, Analysis and Ethics: A Comparative Analysis of Overstock. com and Amazon Robert Baird BU7545 Fall 2011 Table of Contents| | | Executive Summary| 2| | | Company and Industry Information| 3| | | Accounting Issues| 6| | | Accounting Policies and Disclosure Practices| 9| | | Financial Statement Analysis| 10| | | Corporate Governance| 13| | | Conclusion| 15| | | References| 18| | | Appendices| 21| Executive Summary This paper covers the accounting errors related to freight costs that led Overstock. We will write a custom essay sample on A Comparative Analysis of Overstock and Amazon or any similar topic only for you Order Now com in 2006 to restate its financial statements for 2002, 2003, 2004 and quarterly reports for 2004 and 2005, and the subsequent SEC investigation in which they were cleared of wrongdoing. It also covers a second restatement from 2009, in which the financial statements for 2009 and 2008 were restated and another SEC investigation related to those restatements. The paper details a glaring problem for Overstock related to its accounting controls and even the company’s admittance in its annual report that it does not have an appropriate number of qualified accounting professionals able to produce financial statements that are free of material errors. Overstock is compared against a direct competitor, Amazon, who although is a much larger company that Overstock, has become the standard in the industry against which all other companies are judged. The financial statements and financial ratios from 2006-2008 of both Amazon and Overstock are shown in comparison with one another to offer some insight into the strengths and weaknesses of each company and to evaluate their performance, and include consolidated statements of operations and consolidated balance sheets from 2005-2008 and common-size statements of operations and balance sheets for each company from 2005-2008, as well as trend statements of operations and balance sheets for each company from 2005-2008. The paper also examines the corporate structure of each company, including the board of directors, the different board committees that exist and compensation practices for senior company executives. The paper concludes that Overstock must put in place the proper controls and hire competent accounting and auditing professionals to ensure the validity of their financial statements. Company and Industry Information Overstock. com (Overstock) was incorporated in Utah in December 1998, originally as D2-Discounts Direct, Inc. , later reincorporated in the state of Delaware in 2002 and changed its name to Deals. om, Inc. in 1999. Overstock adopted its present name on October 25, 1999 and is based out of Salt Lake City, Utah. Overstock is an online retailer that sells discount merchandise to consumers through its online website. According to Mergent Online, â€Å"Overstock. com is an online retailer providing discount brand name, non-brand name and closeout merchandise, including bed-and-ba th goods, home decor, kitchenware, furniture, watches and jewelry apparel, electronics and computers, sporting goods, and designer accessories, among other products† (2011). Overstock also sells â€Å"run books, magazines, compact discs, digital video disk and video games† (Mergent Online, 2011). The company conducts direct business, in which it orders are fulfilled at Overstock’s warehouses in Salt Lake City, Utah and shipped to final consumers or business, and business with fulfillment partners, which occurs when Overstock sells another manufacturers or retailers merchandise on their website and those third parties pack and ship orders. Overstock, however, does â€Å"handle returns and customer service related to substantially all orders placed through its website† (Mergent Online, 2011). According to Mergent Online, as of the end of 2010, Overstock â€Å"sells to customers in over 90 countries† but â€Å"does not have sales operations outside the United States† and â€Å"is using a United States based third party to provide logistics and fulfillment for all international orders† (2011). Overstock does ship goods to suppliers on consignment, and includes car and real estate listings, insurance quotes and an online auction service on its website. Amazon was originally incorporated in Washington in 1994 and later reincorporated in the state of Delaware in 1996. Amazon. om (Amazon), like Overstock is an online retailer that sells all sorts of different products and merchandise on its website. According to Mergent Online, the products on Amazon’s website â€Å"primarily include merchandise and content purchased for resale from vendors and those provided by party sellers, and it also manufactures and sells the Kindle e-reader† and they al so provide â€Å"services such as Amazon Web Services (AWS), fulfillment, miscellaneous marketing and promotional agreements, such as online advertising and co-branded credit cards. Amazon consists of two separate business segments, North America and International. North America consists of â€Å"amounts earned from retail sales of consumer products (including from sellers) and subscriptions through North America-focused websites such as www. amazon. com and www. amazon. ca and include amounts earned from AWS† and includes the export sales from the above mentioned websites (Mergent Online, 2011). The International business segment consists of â€Å"amounts earned from retail sales of consumer products (including from sellers) and subscriptions through internationally focused locations† and the segment includes â€Å"export sales from these internationally ased locations (including export sales from these sites to customers in the United States and Canada), but excludes export sales from the company’s United States and Canadian locations† (Mergent Online, 2011). According to Standard Poor’s NetAdvantage, Amazon â€Å"has virtually unlimited online shelf space, and can offer customers a vast selection of produ cts through an efficient search and retrieval interface† (2011). In addition to being the seller of record for a broad range of new products, Amazon allows other businesses and individuals to sell new, used and collectible products on its websites through its Merchant and Amazon Marketplace programs† in which Amazon â€Å"earns fixed fees, sales commissions and/or per unit activity fees,† as well as serving developers and â€Å"enterprises of all sizes through AWS, which provides access to technology infrastructure that developers can use to virtually enable any type of business† (SP NetAdvantage, 2011). The online retail industry is an industry that is thriving as more and more consumer purchase products online. As the supply chain and logistics processes have become increasingly advanced and streamlined, online retailing has taken major strides in the past two decades. According to the Standard Poor’s Industry Surveys (Computers: Consumer Services the Internet), â€Å"United States online retail sales (excluding the auto, travel and prescription drug categories) increased 13% in 2010 to $17. billion† and â€Å"improvements in multi-channel initiatives, better online merchandising, more personalized offerings and increasingly sophisticated marketing efforts drove growth in 2010,† while SP Capital IQ forecasts internet retail sales will rise to 11% in 2011 (2011, p. 10) . The SP Industry Survey also states that â€Å"worldwide business-to-consumer (B2C) internet spending may increase from $708 billion in 2010 to $1. trillion in 2014† and the three most p opular categories of merchandise sold online in 2009 were (in order) â€Å"apparel, accessories and footwear; software and peripherals; and consumer electronics,† and a â€Å"number of exclusive online retailers have also been successful, among (them) major publicly traded online retailers like Amazon. com Inc. and Overstock. com Inc. † (2011, p. 17). Amazon, however, is far and away the leader of its industry. At first it seemed like a business model that was destined to ail, but is has since become â€Å"the model† for its industry and â€Å"has been the breakaway leader in global e-commerce for a number of years† (SP Industry Surveys, 2011, p. 18). Overstock is trying to emulate the strategy used by Amazon, but it is difficult for any online retailer to differentiate itself from a company like Amazon, with its huge market share and market capitalization. Amazon is an incredibly tough act to follow and according to the SP Industry Survey, it is predicte d that in 2011, Amazon â€Å"will achieve its sixth straight year with revenue growth of greater than 25%† (2011, p. 18). Amazon has â€Å"achieved strong and sustained success by continuing to focus on its customers† and â€Å"has looked to innovate and take risks, despite potential near-term negative impacts to its financial performance† (SP Industry Surveys, 2011, p. 18). Accounting Issues Overstock has had numerous instances of accounting and control errors that have resulted in restatements of financial statements and probes by the United States Securities and Exchange Commission (SEC). In 2006, Overstock announced that it would restate its previously reported financial statements going back to 2002 due to an error in the way it accounted for its freight costs. According to the Deseret News on March 1, 2006, â€Å"the accounting errors relate to how the Salt Lake-based company immediately expensed inbound freight costs in the periods they were incurred, instead of capitalizing such costs as part of inventory and expensing them as it sold off the inventory† and the error â€Å"effects annual financial reports for 2002, 2003, 2004 and quarterly reports for 2004 and 2005† (2006, p. E1). The correction of the freight cost error actually increased the inventory by $3. million as of the third quarter of 2005, and lowered the net losses for fiscal years 2002, 2003 and 2004. In an interview on CNBC in 2006, Overstock CEO said of the restatement â€Å"our restatement was $3. 5 million to the good† and â€Å"our auditors have said that we understated our results by $3. 5 million† (CEO Wire, 2006). He went on to say in the interview with Becky Quick on CNBC that â€Å"it turns out we had – turns out that we have und erstated our performance, that our books are too conservative, is what the auditors have said† (CEO Wire, 2006). Overstock vice president of corporate affairs, echoed this sentiment in an interview with the Knight Ridder Tribune Business News, saying â€Å"when you look at what this restatement is really, it is positive† (Sims, 2006, p. 1). In an interview with the Salt Lake Tribune, Overstock President Jonathan Johnson said of the accounting errors: â€Å"When we order comforters, we pay the manufacturer and the freight bill. We’ve been accounting for the freight bill as we paid it, expensing it. We should have been capitalizing the freight bill as we sold the goods, as opposed to when we actually paid it† (Keahey, 2009). These are just some examples from the corporate officers at Overstock that they just clearly do not get it, and do not understand the impact of a financial restatement. The Deseret News describes the effects of the accounting error as follows, â€Å"for 2005, the accounting change will narrow the reported net loss by $1. 8 million for the quarter ended September 30 and by $592,000 for the quarter ended June 30† and â€Å"widen the net loss by $107,000 for the quarter ended March 31. For 2004, the correction will lower the full-year loss by $461,000. The accounting change will also reduce the net losses for the 2002 and 2003 fiscal years† (2006, p. E1). This restatement led to an investigation of Overstock by the SEC resulting in a subpoena from the SEC for internal documents relating to â€Å"its accounting policies, targets and projections† (Wall Street Journal, 2006). On June 6, 2008 the SEC informed Overstock that it had completed its investigation â€Å"of the company and its officers and does not intend to recommend any enforcement action† (Financial Wire, 2008). Overstock apparently did not learn much from the above mentioned restatement and subsequent SEC investigation, and on September 15, 2009, Overstock received yet another notice from the SEC, putting the company on notice that the SEC was â€Å"conducting an investigation concerning Overstock’s previously-announced restatements of its financial statements in 2006 and 2008 and other matters† and the subpoena that accompanied the notice â€Å"covers documents related to the restatements and also to Overstock’s billings to its partners in the fourth quarter of 2008 and related collections, and Overstock’s accounting for and implementation of software relating to its accounting for customer refunds and credit, including offsets to partners, and related matters† (PR Newswire, 2009). In February 2010, Overstock announced it was restating its financial statements for 2008 and 2009, shifting $1. 8 million of income from 2009 to 2008. Overstock attributed this restatement to â€Å"some accounting confusion involving other companies that sell goods on its website† and a related problem involving incorrect invoices from a freight vendor† (Deseret News, 2010, p. A10). Overstock also stated in a filing with the SEC that it was â€Å"applying different accounting standards for its stock option plans that will mean decreased income of $350,000 for 2008 and about $900,000 for 2009† (Harvey, 2010). As if the restatement of financial reports was not bad enough, Overstock admitted to a â€Å"deficiency in its financial controls related to its relationship with certain business partners† and informed the SEC that â€Å"management’s report on internal control over financial reporting for fiscal 2008 can no longer be relied upon† (Harvey, 2010). On his blog on Phil’s Stock World, Sam Antar (who discloses that he is a convicted felon and former CPA who now works closely with government and law enforcement agencies in cases of white-collar crimes and regularly refers cases to them) wrote that â€Å"in 2009†¦Overstock. om violated GAAP in accounting for its recoveries of certain offsetting costs and reimbursements amoun ts due to the company from its fulfillment partners (suppliers) who were under-billed in previous reporting periods† and that Overstock should have â€Å"restated its financial reports to recognize income when those offsetting costs and reimbursements were actually earned by the company in those previous reporting periods† (Phil’s Stock World, 2010). Antar claims that accounting errors are bordering on criminal and that the company â€Å"improperly recognized income as those amounts were collected in future accounting periods on a non-GAAP cash basis† and that Overstock even reported profits in the fourth quarter of 2008 when they should have reported a loss under GAAP (Phil’s Stock World, 2010). Antar made some even stronger claims against Overstock, saying that accounting errors have become commonplace at Overstock at that the officers of the company do not seemed interested or inclined to put the proper controls in place to detect these errors. Antar writes that â€Å"so far, from 1999 to Q3 2009 every single financial report issued by Overstock. com had to be restated at least once, sometimes twice or even three times to correct material accounting errors† with the company even claiming that the last two restatements were caused by â€Å"technology problems† (Phil’s Stock World, 2010). In the 2009 10-K issued by Overstock it stated that Overstock’s â€Å"information technology program change and program development controls were inadequately designed to prevent changes in our accounting systems which led to the failure to appropriately capture and accurately process data† (2010, p. 18). The two previously mentioned instances of financial report restatements mean that in 2006, the annual financial statements for 2002, 2003 and 2004 were restated; then the 2006 financial statements were restated again along with the statements for 2008. Both restatements had little or no effect on the stock price of the company and after each restatement was announced the stock price either fall modestly or even went up slightly. Accounting Policies and Disclosure Practices As shown in the numerous instances of accounting errors and restatements, Overstock clearly has an issue with its internal controls over financial reporting to detect basic GAAP errors before their financial statement are released to the SEC. In its 2010 10-K, Overstock acknowledges that they have a problem and states, â€Å"we lacked a sufficient number of accounting professionals with the necessary knowledge, experience and training to adequately account for and perform adequate supervisory reviews of significant transactions that resulted in misapplications of GAAP† (2010, p. 22). This is a fascinating admittance by a major publicly traded company that it simply does not have accountants to properly produce correct financial statements free of significant accounting errors. Amazon, for its part, is the leader in online retailing and a much larger company with a global footprint that outstretches most companies, and especially that of Overstock, yet their accounting policies are sound. There exists nothing in their annual reports to the SEC that outlines anything of the sort that Overstock has admitted related to not having a sufficient number of accountants. The information listed in their financial reports seems to be standard language related to GAAP. Both companies, Amazon and Overstock account for their inventory using the first-in, first-out (FIFO) method, valued at lower of cost or market value and depreciate their fixed assets on a straight-line basis. Financial Statement Analysis In its 2009 10-K report, Amazon gives an interesting overview to its business. It states that its’ â€Å"primary source of revenue is the sale of a wide range of products and services to customers† and that their â€Å"financial focus is on long-term, sustainable growth in free cash flow per share† (2009, p. 21). It also states that â€Å"we seek to reduce our variable costs per unit and work to leverage our fixed costs† and â€Å"because of our model we are able to turn over inventory quicker and have a cash-generating operating cycle† (2009, p. 22). Amazon’s inventory turnover, as shown in the financial ratios in the appendix, was 11. 46 times in 2008 (consistent with 11. 06 times in 2007 and 11. 44 times in 2006) and with a receivables turnover of 24. 95 times in 2008 and payables turnover of 5. 98 times in 2008, they have a sufficient operating cycle and cash conversion cycle. Overstock’s inventory turnover was 31. 68 times in 2008, up from 12. 21 times in 2006, and means their sales are stronger and they are moving inventory at a much better rate. The receivables turnover for Overstock 75. 49 times in 2008 and accounts payable turnover of 12. 53 times in 2008. Amazon gets more bang for their buck than Overstock, and is able to leverage their considerable size and operational capacity to achieve significant returns on their assets, equity and income. In 2008, Amazon’s return on assets (ROA) was 8. 69 percent, compared with Overstock’s -6. 23 percent ROA. Overstock’s ROA has improved from 2006 when it was -34. 43 percent but because of consistent net losses their return ratios are negative. Overstock’s return on equity (ROE) was -105. 88 percent, and improvement from -131. 38 percent in 2006, but nothing compared to Amazon’s ROE of 33. 25 percent in 2008. Amazon also has a significant return on operating income (ROI) of 28. 93 percent in 2008, as contrasted with Overstock’s ROI of -12. 82 percent in 2008 (up from -57. 89 percent in 2006). A look at the common-size consolidated statement of operations of Amazon and Overstock (restated) offers some insights into the considerable differences between a company with the size and stature of Amazon and a company that would like to achieve that status, like Overstock. Amazon had a gross profit in 2008 of 22. 3 percent of sales (consistent to the gross profit for 2005 through 2007), whereas Overstock had a gross profit of 17. 1 percent of revenue (consistent with gross profit percentages from 2005 through 2007). Both Amazon and Overstock had similar total operating expenses, 17. 9 percent of sales for Amazon in 2008 and 18. 4 percent of revenue for Overstock in 2008. The numbers that are the most telling are the income statistics, with Amazon having a net income as a percentage of sales of 3. 4 percent in 2008, whereas Overstock had a net loss s a percentage of revenue of -1. 5 percent, which improved significantly from 2006 when it was -13. 7 percent and 2007 when it was -6. 3 percent. The trend consolidate statements of operations for Amazon and Overstock (restated), in which the base year of 2005 equals 100 percent, the discrepancies between a global leader in its industry, Amazon, and its competitor, Overstock, are even more compelling. Net sales for Amazon more than doubled from 2005 to 2008, and in 2008 net sales were 225. 7 percent of the net sales from 2005. Total revenue for Overstock was only up slightly from 2005 to 2008, and in 2008 total revenues were 104. 4 percent of the total revenues from 2005. Amazon also doubled its gross profit from 2005 in, up 209. 4 percent, whereas Overstock’s gross profit in 2008 was 122. 3 percent of its’ 2005 gross profit. Overstock’s total operating expenses stayed relatively close to their 2005 level in 2006, 2007 and 2008, only rising slightly. Amazon, on the other hand had a significant increase in total operating expenses. Operating expenses in 2008 were 213. 3 percent of the 2005 total operating expenses. Net income for Amazon for 2008 was 179. 7 percent of its 2005 net income and increased from 132. 6 in 2007 and from a very off year in 2006, when net income was 52. 9 percent of the previous year 2005. Overstock has lowered its net losses, and in 2008 the net loss was half (50. 8 percent) of the 2005 level, and they too had a rough year in 2006 when the net loss was four times (428. 5 percent) that of 2005. Analysis of the restated common-size consolidate balance sheet for Overstock and the common-size consolidate balance sheet for Amazon show that both companies have a similar number of current assets, as would be expected from two companies that sell products online and have significant sales and inventory turnover, but Overstock has more cash and cash equivalents when compared to Amazon. Overstock had, as a percentage of total assets, 58. 3 percent of cash and cash equivalents, up drastically from 17. percent in 2005, while Amazon had cash and cash equivalents of one-third (33. 3 percent) of total sales, up slightly from 27. 4 percent in 2005. Amazon’s total current assets were 74 percent of total assets, whereas Overstock had total current assets that totaled 84. 7 perce nt of total assets, which increased from 72. 1 percent of total assets in 2005. Since current assets were a large percentage of total assets, the reverse would be expected, and total current liabilities for an online retailer would also be a significant portion of total liabilities and stockholders’ equity. Most consumers make purchases online using credit cards and those purchases are often paid off within a year, making them current. Total current liabilities for Amazon in 2008 were 57 percent of total assets, remaining stable year over year between 2008 and 2005, while total current liabilities for Overstock were 61. 6 percent of total assets, up from 47. 5 percent in 2005. Corporate Governance Overstock has a board of directors that is comprised of four members, three of whom are independent, and is chaired by the CEO Patrick Byrne. According to the proxy statement (DEF 14A) filed on April 2, 2009, the board of directors held ten meeting during 2008 and each director attended at least 75 percent of the meetings of the board (2009, p. 14). Overstock has an audit committee and compensation committee, but no standing nominations committee. According to the proxy statement, the audit committee held 11 meetings during 2008 and the compensation committee held six meetings, and like board meetings each director attended at least 75 percent of the committee meetings on which he or she served in 2008 (2009, p. 14). The audit committee is chaired by Allison Abraham and includes two financial experts, as defined by the SEC. The audit committee is responsible for â€Å"reviewing and monitoring our financial statements and internal accounting procedures, selecting, reviewing and monitoring our independent registered public accounting firm, evaluating the scope of the annual audit, reviewing audit results and consulting with management and our independent registered public accounting firm prior to presentation of financial statements to stockholders† (2009, p. 15). The compensation committee is responsible for â€Å"determining salaries, incentives and other forms of compensation for our directors, officers and other employees and administering various incentive compensation and benefit plans† (2009, p. 15). The 208 proxy statement says the compensation objectives are to â€Å"seek to attract and retain highly competent executive management who will build long-term economic value for the Company† and that â€Å"our compensation philosophy is that the executive salary and bonus levels should be modest in comparison to those paid at comparable companies, and that executives’ opportunities for more significant compensation should be tied closely to the Company’s performance (2009, p. 20). The elements of total compensation, as laid out by the 2009 proxy statement include â€Å"base salary, annual individual cash bonuses, payments under our Performance Share Plan, awards under our 2005 Equity Incentive Plan, matching contributions under our 401 (k) plan and benefits under our health and welfare benefits plans† (2009, p. 20-21). The board of directors for Amazon consists of nine members, eight of whom are independent, and is chaired by the CEO of Amazon, Jeffrey Bezos. The 2009 proxy statement reads that the board is responsible for â€Å"the control and direction of the Company† and â€Å"represents the Company’s shareholders and its primary purpose is to build long-term shareholder value† (2009, p. 8). In 2008, the board of directors met nine times and that all directors attended at least 75 percent of the â€Å"aggregate of the meetings of the board and committees occurring while they were members† (2009, p. 9). Amazon has an audit committee, leadership development and compensation committee and a nominating and corporate governance committee. The audit committee is chaired by Tom Alberg, who meets the requirement of a financial expert as defined by the SEC. According to the 2009 proxy statement, the audit committee â€Å"represents and assists the board in fulfilling its oversight responsibility relating to the Company’s financial statements and reporting process, the qualifications, independence and performance of the Company’s independent registered public accounting firm, the performance of the Company’s internal audit function and the Company’s compliance with legal and regulatory requirements† (2009, p. 9). The leadership development and compensation committee, as stated in the 2009 proxy statement, â€Å"evaluates the Company’s programs and practices relating to leadership development, reviews and establishes compensation of the Company’s executive officers, and administers the Company’s stock-based and certain other compensation plans, all with a view toward maximizing long-term shareholder value† (2009, p. 10). The proxy statement for 2009, also lays out the responsibilities of the nominating and corporate governance committee, and says it â€Å"reviews and assesses the composition of the board, assists in identifying potential new candidates for director, recommends candidates for election as director and provides a leadership role with respect to corporate governance of the Company† (2009, p. 10). According to the 2009 proxy statement, Amazon’s executive compensation approach is â€Å"to tie total compensation to long-term shareholder value, as reflected primarily in the Company’s stock price† and therefore the â€Å"primary component of a named executive officer’s total compensation is stock-based compensation† (2009, p. 17). In addition to stock-based compensation, executives also receive a base salary, new-hire cash bonuses and other compensation and benefits, including vacation, medical, 401 (k) and relocation benefits. Conclusion When it comes to online retailing, Amazon is far and away the leader of the industry and the model for all companies to follow. Amazon has an enormous share of the market and their market capitalization is tremendous. Their financial ratios are sound and their year over year statistics are rather impressive. Overstock, on the other hand, is a company that leaves a lot to be desired. They have had numerous restatements of their financial reports, and two instances of these restatements have been covered in detail above. Overstock has yet to have a positive net income and has had net losses every year. Due to the sheer amount of restatements that have occurred, many executives have fired or resigned their positions and taken the fall for their accounting errors and subsequent SEC investigations. Overstock seems to need to branch out into different revenue streams, such as car and real estate listings, insurance quotes and travel services in order to differentiate themselves from Amazon and capture some market share back from the titan of the industry. Amazon has its eyes on bigger targets, and wants to stand toe to toe with another gigantic company, Apple. Amazon’s manufacturing and subsequent sales of the various incarnations of the Kindle and an online music service are bold ideas that have paid off handsomely for the company, as have their investments in supply chain and shipping processes, as well as third party relationships. Overstock, for its part, would most likely just like a piece of Amazon’s market share and still has a long way to go before it is anywhere near the level of an Amazon. Overstock first needs to get its accounting controls in order and make sure that the financial statements they release in their annual reports to the SEC will not be restated in the future. The audit committee, auditors, CFO and accountants need to work together to ensure that their work is free from error, and there clearly needs to be a change in the corporate culture at Overstock because change needs to come from the top. These accounting errors should have been caught before the statements were released and given their history of investigations by the SEC, Overstock should have made every effort to clean up its act and bring in competent accounting and auditing professionals that would have the requisite attention to detail required in producing mistake free financial reports. If Overstock has any hope of ever reaching the level of an Amazon, it needs to fix its accounting issues and to install investor confidence in the company. Outside of their ROA, ROE, and ROI ratios, which are negative due to their net losses, Overstock’s financial ratios stack up nicely against the financial ratios of Amazon, which are a good sign for the company moving forward, if they can right the ship. The fact that Overstock is still around today has to be a good sign for the company, in that is has come through adversity and still remains a going concern. References Amazon, Inc. (2009). 2008 Annual Report. Seattle, WA: Amazon, Inc. , 2009. Amazon, Inc. (2008). 2007 Annual Report. Seattle, WA: Amazon, Inc. , 2008. Amazon, Inc. (2007). 2006 Annual Report. Seattle, WA: Amazon, Inc. , 2007. Amazon, Inc. (2006). 2005 Annual Report. Seattle, WA: Amazon, Inc. , 2006. Amazon, Inc. (2009) Definitive Proxy Statements. Seattle, WA: Amazon, Inc. 2009. Amazon, Inc. (2008) Definitive Proxy Statements. Seattle, WA: Amazon, Inc. 2008. Antar, S. (2010, October 16). Does Overstock. com CEO Patrick Byrne know when to shut up, especially while the SEC investigates his company? Retrieved October 30, 2011, from Phil’s Stock World Web site: http:// www. philstockworld. com Boyd, R. (2007, May 11). Company Byrne-d on probe report. New York Post, pp39. Cheng, A. (2006, May 11). Overstock cancels its share sale after SEC subpoena. Deseret News, pp. E4. Harvey, T. (2010, February 5). Overstock hit by another restatement. The Salt Lake Tribune. Hendrick, D. (2009, November 18). Online retailer fires auditor over accounting fight. SNL Kagan Media Communications Report. Kanaracus, C. (2008, November 3). Overstock’s ERP woes force it to restate results. Computerworld, 42(44), pp. 7. Keahey, J. (2009, September 23). Overstock CEO and his critics differ over SEC probe. The Salt Lake Tribune. Kessler, S. (2011, October 13). Industry surveys computers: consumer services the internet. Standard Poor’s. Mergent, Inc. (2011). Mergent Online. Mims, B. (2006, March 1). Overstock to restate earnings. Knight Ridder Tribune Business News, pp. 1. Moving the market: Overstock. com corrects results back to 2002; losses are narrowed. (2006, March 1). Wall Street Journal (Eastern Edition), pp. 1. Overstock. com, Inc. (2009) 2008 Amended Annual Report. Salt Lake City, Utah: Overstock. com, Inc. , 2009. Overstock. com, Inc. (2008) 2007 Amended Annual Report. Salt Lake City, Utah: Overstock. com, Inc. , 2008. Overstock. com, Inc. (2007) 2006 Amended Annual Report. Salt Lake City, Utah: Overstock. com, Inc. , 2007. Overstock. com, Inc. (2006) 2005 Amended Annual Report. Salt Lake City, Utah: Overstock. com, Inc. , 2006. Overstock. com, Inc. (2009) 2008 Annual Report. Salt Lake City, Utah: Overstock. com, Inc. , 2009. Overstock. com, Inc. (2008) 2007 Annual Report. Salt Lake City, Utah: Overstock. com, Inc. , 2008. Overstock. com, Inc. (2007) 2006 Annual Report. Salt Lake City, Utah: Overstock. com, Inc. , 2007. Overstock. com, Inc. (2006) 2005 Annual Report. Salt Lake City, Utah: Overstock. com, Inc. , 2006. Overstock. com announces receipt of another SEC subpoena. (2009, September 17). PR Newswire. Overstock. com – President interview. (2006, March 1). CEO Wire. Overstock corrects its financial results. (2006, March 1). Deseret News, pp. E1. Overstock. com, Inc. (2009). Definitive proxy statement. Salt Lake City, Utah: Overstock. com, Inc. , 2009. Overstock. com, Inc. (2008). Definitive proxy statement. Salt Lake City, Utah: Overstock. com, Inc. , 2008. Overstock gets SEC subpoena. (2006, May 10). Wall Street Journal (Eastern Edition). Overstock. com shifting income. (2010, February 6). Deseret News, pp. A10. Q3 2008 Overstock Com Inc earnings conference call – final. (2008, October 24). Fair Disclosure Wire. SEC closes Overstock. com probe, will take no action. (2008, June 7). Financial Wire. Standard Poor’s. (2011) Standard Poor’s NetAdvantage. Taub, S. (2006, February 28). Freight costs spur Overstock restatement. CFO. com, pp. 1. Appendices Overstock Original Consolidated Statements of Operations (in thousands)| | | | Year Ended December 31,| | 2008| 2007| 2006| 2005| Revenue| | | | | Direct Revenue| 174,203| 195,622| 303,202| 324,875| Fulfillment partner revenue| 660,164| 564,539| 484,948| 478,947| Total Revenue| 834,367| 760,161| 788,150| 803,822| | | | | | Cost of goods sold:| | | | | Direct| 154,501| 164,368| 284,943| 283,377| Fulfillment partner| 536,957| 468,222| 408,407| 400,889| Total cost of goods sold| 691,458| 632,590| 693,350| 683,266| Gross profit| 142,909| 127,571| 94,800| 120,556| | | | | | Operating expenses:| | | | | Sales and Marketing| 57,634| 55,458| 70,897| 79,651| Technology| 57,815| 59,453| 65,158| 28,132| General and administrative| 38,373| 41,976| 46,837| 36,495| Restructuring| —| 12,283| 5,674| —| Amortization of stock-based compensation| —| —| —| 72| Total operating expenses| 153,822| 169,170| 188,566| 144,350| | | | | | Operating loss| (10,913)| (41,599)| (93,766)| (23,794)| Interest income, net| 3,163| 4,788| 3,566| (270)| Interest expense| (3,462)| (4,188)| (4,765)| (5,582)| Other income (expense), net| (1,446)| (92)| 81| 4,728| | | | | | Loss from continuing operations| (12,658)| (41,091)| (94,884)| —| Loss from discontinued operations| —| (3,924)| (6,882)| —| | | | | | Net loss| (12,658)| (45,015)| (101,856)| (24,918)| | | | Overstock Restated Consolidated Statements of Operations (in thousands)| | | | For Year Ended December 31,| | 2008| 2007| 2006| 2005| Revenue| | | | | Direct Revenue| 174,203| 197,088| 301,509| 324,875| Fulfillment partner revenue| 660,164| 568,814| 478,628| 474,441| Total Revenue| 834,367| 765,902| 780,137| 799,316| | | | | | Cost of goods sold| | | | | Direct| 154,501| 168,008| 284,774| 282,383| Fulfillment partner| 536,957| 473,344| 405,559| 400,057| Total cost of goods sold| 691,458| 641,352| 690,333| 682,440| Gross profit| 142,909| 124,550| 89,804| 116,876| | | | | | Operating expenses:| | | | | Sales and Marketing| 57,634| 57,815| 38,373| 77,155| Technology| 57,815| 59,453| 70,897| 27,901| General and administrative| 38,373| 41,976| 46,837| 33,043| Restructuring| —| 12,283| 5,674| —| Amortization of stock-based compensation| —| —| —| —| Total operating expenses| 153,822| 169,170| 188,566| 138,099| | | | | | Operating loss| (10,913)| (44,620)| (98,762)| (21,223)| Interest income, net| 3,163| 4,788| 3,566| (270)| Interest expense| (3,462)| (4,188)| (4,765)| (5,582)| Other income (expense), net| (1,446)| (92)| 81| 4,728| | | | | | Loss from continuing operations| (12,658)| (44,112)| (99,880)| (22,347)| Loss from discontinued operations| —| (3,924)| (6,882)| (2,571)| | | | | | Net loss| (12,658)| (48,036)| (106,762)| (24,918)| Overstock Common-Size Consolidated Statements of Operations| | | | | | | Year Ended December, 31| (% of revenue)| 2008| 2007| 2006| 2005| Total Revenue| 100%| 100%| 100%| 100%| Total cost of goods sold| 82. 9%| 83. 2%| 88%| 85%| Gross profit| 17. 1%| 16. 7%| 12%| 15%| Operating expenses:| | | | | Sales and Marketing| 6. 9%| 7. 3%| 9%| 9. 9%| Technology| 6. 9%| 7. 8%| 8. 3%| 3. 5%| General and administrative| 4. 6%| 5. 5%| 6%| 4. 5%| Restructuring| —| 1. 6%| . 7%| —| Amortization of stock-based compensation| —| —| —| . 009%| Total operating expenses| 18. 4%| 22. 3%| 23. 9%| 18%| | | | | | Operating loss| -1. 3%| -5. 5%| -11. 9%| -3%| Interest income, net| . 3%| . 6%| . 5%| -. 03%| Interest expense| -. 4%| -. 6%| -. 6%| -. 7%| Other income (expense), net| -. 1%| -. 01%| . 01%| . 6%| | | | | | Loss from continuing operations| -1. 5%| -5. 4%| -12%| —| Loss from discontinued operations| —| -. 5%| -. 9%| —| | | | | | Net loss| -1. %| -5. 9%| -12. 9%| -3. 1%| | | | | | Overstock Trend Consolidated Statements of Operations (2005= 100%)| | | | | | | For Year Ended December 31,| | 2008| 2007| 2006| 2005| Total Revenue| 103. 8%| 94. 6%| 98. 1%| 100%| Total cost of goods sold| 101. 2%| 92. 6%| 101. 5%| 100%| Gross profit| 118. 5%| 1 05. 8%| 78. 7%| 100%| Operating expenses:| | | | | Sales and Marketing| 72. 4%| 69. 7%| 89%| 100%| Technology| 205. 6%| 211. 3%| 231. 6%| 100%| General and administrative| 105. 1%| 115%| 128. 3%| 100%| Total operating expenses| 106. 6%| 117. 2%| 130. 6%| 100%| | | | | | Operating loss| 45. 9%| 174. 8%| 394. 1%| 100%| Interest expense| 62%| 75%| 85. %| 100%| | | | | | Loss from continuing operations| 13. 3%| 43. 3%| 100%| —| Loss from discontinued operations| —| 57%| 100%| —| | | | | | Net loss| 50. 8%| 180. 7%| 408. 8%| 100%| Overstock Restated Common-Size Consolidated Statements of Operations| | | | | | | For Year Ended December 31,| (% of revenue)| 2008| 2007| 2006| 2005| Total Revenue| 100%| 100%| 100%| 100%| Total cost of goods sold| 82. 9%| 83. 7%| 88. 5%| 85. 4%| Gross profit| 17. 1%| 16. 3%| 11. 5%| 14. 6%| Operating expenses:| | | | | Sales and Marketing| 6. 9%| 7. 5%| 4. 9%| 9. 7%| Technology| 6. 9%| 7. 8%| 9. 1%| 3. 5%| General and administrative| 4. 6 %| 5. 5%| 6%| 4. 1%| Restructuring| —| 1. 6%| . 7%| —| Amortization of stock-based compensation| —| —| —| —-| Total operating expenses| 18. 4%| 22. 1%| 24. 2%| 17. 3%| | | | | | Operating loss| -1. 3%| -5. 8%| -12. 7%| -2. 7%| Interest income, net| . 4%| . 6%| . 5%| -. 03%| Interest expense| -. 4%| . 5%| -. 6%| -. 7%| Other income (expense), net| -. 2%| . 01%| . 01%| . 6%| | | | | | Loss from continuing operations| -1. 5%| -5. 8%| -12. 8%| -2. 8%| Loss from discontinued operations| —| -. 5%| -. 9%| -. 3%| | | | | | Net loss| -1. 5%| -6. 3%| -13. 7%| -3. 1%| | | | | | Overstock Trend Restated Consolidated Statements of Operations (2005= 100%)| | | | | | For Year Ended December 31,| | 2008| 2007| 2006| 2005| Total Revenue| 104. 4%| 95. 8%| 97. 6%| 100%| Total cost of goods sold| 101. 3%| 94%| 101. 2%| 100%| Gross profit| 122. 3%| 106. 6%| 76. 8%| 100%| Operating expenses:| | | | | Sales and Marketing| 74. 7%| 75%| 50%| 100%| Technology| 207. 2%| 213. 1%| 254 . 1%| 100%| General and administrative| 116. 1%| 127%| 141. 7%| 100%| Total operating expenses| 111. 3%| 122. 5%| 136. 5%| 100%| | | | | | Operating loss| 51. 4%| 210. 2%| 465. 4%| 100%| Interest expense| 62%| 75%| 85. 4%| 100%| | | | | | Loss from continuing operations| 56. 6%| 197. 4%| 447%| 100%| Loss from discontinued operations| —| 152. 6%| 267. %| 100%| | | | | | Net loss| 50. 8%| 192. 9%| 428. 5%| 100%| Overstock Original Consolidated Balance Sheets (in thousands)| | | | December 31,| | 2008| 2007| 2006| 2005| | Assets| Current Assets:| | | | | Cash and cash equivalents| 100,577| 101,394| 126,965| 56,224| Marketable securities| 8,959| 46,000| —| 55,799| Cash, cash equivalents and marketable securities| 109,566| 147,394| 126,965| 112,023| Accounts receivable, net| 6,985| 12,304| 11,638| 11,695| Notes receivable| 1,250| 1,506| 6,702| —| Inventories, net| 17,723| 25,933| 20,274| 93,269| Prepaid inventory, net| 761| 3,572| 2,241| 9,633| Prepaid expense| 9,694 | 7,572| 7,473| 8,508| Current assets of held for sale subsidiary| | | 4,718| | Total current assets| 145,975| 198,281| 180,011| 235,128| Restricted cash| —| —| —| 253| Fixed assets, net| 23,142| 27,197| 56,198| 61,914| Goodwill| 2,784| 2,784| 2,784| 13,169| Other long-term assets, net| 538| 86| 578| 15,449| Notes receivable| —| 4,181| —| —| Long-term assets of held for sale subsidiary| | | 16,594| | Total assets| 172,441| 235,529| 265,165| 325,913| | | | | | Liabilities and Stockholders’ Equity (Deficit)| Current liabilities:| | | | | Accounts payable| 62,120| 70,648| 66,039| 101,436| Accrued liabilities| 25,154| 52,598| 40,142| 46,847| Deferred Revenue| 19,026| —| —| —| Capital lease obligations| —| 3,796| 5,074| 6,683| Current liabilities of held for sale subsidiary| | | 3,684| | Total current liabilities| 106,300| 127,042| 114,939| 154,966| Other long-term liabilities| 2,572| 3,034| —| —| Capital lease obligations, non-current| —-| —-| 3,983| 3,058| Convertible senior notes| 66,558| 75,623| 75,279| 74,935| Total liabilities| 175,430| 205,699| 194,201| 232,959| | | | | | Stockholders’ equity (deficit):| | | | | Preferred stock| —| —| —| —| Common stock| 2| 2| 2| 2| Additional paid in capital| 338,620| 333,909| 325,771| 251,244| Accumulated deficit| (264,985)| (243,709)| (198,694)| (96,829)| Unearned stock-based compensation| | | | (305)| Treasury stock| (76,670)| (63,278)| (64,983)| (65,325)| Accumulated other comprehensive income (loss)| 48| (94)| (132)| 962| Total stockholders’ equity (deficit)| (2,985)| 26,830| 61,964| 89,749| Total liabilities and stockholders’ equity (deficit)| 172,445| 232,529| 265,165| 325,913| | | | | | Overstock Restated Consolidated Balance Sheets (in thousands)| | | | December 31,| | 2008| 2007| 2006| 2005| | Assets| Current Assets:| | | | | Cash and cash equivalents| 100,577| 101,394| 126,965| 55,875| Marketable securities| 8,989| 46,000| —| 55,799| Cash, cash equivalents and marketable securities| 109,566| 147,394| 126,965| 111,674| Accounts receivable, net| 6,985| 11,208| 16,330| 10,021| Notes receivable| 1,250| 1,506| 6,702| —| Inventories, net| 17,723| 25,643| 23,970| 93,269| Prepaid inventory, net| 761| 3,572| 2,241| 9,633| Prepaid expense| 9,694| 7,572| 7,473| 8,477| Current assets of held for sale subsidiary| | | 4,718| 2,054| Total current assets| 145,979| 196,895| 188,299| 235,128| Restricted cash| | | | 253| Fixed assets, net| 23,144| 27,197| 56,198| 60,850| Goodwill| 2,784| 2,784| 2,784| 2,784| Other long-term assets, net| 538| 86| 578| 3,333| Notes receivable| —| 4,181| —| —| Long-term assets of held for sale subsidiary| | | 16,594| 23,565| Total assets| 172,445| 231,143| 264,453| 325,913| | | | | | Liabilities and Stockholders’ Equity (Deficit)| Current liabilities:| | | | | Accounts payable| 62,120| 70,358| 58,412| 100,188| Accrued liabilities| 25,154| 37,155| 38,434| 45,934| Deferred Revenue| 19,026| 22,965| 23,220| 6,683| Capital lease obligations| —| 3,796| 5,074| —| Current liabilities of held for sale subsidiary| | | 3,684| 2,161| Total current liabilities| 106,300| 134,274| 128,824| 154,966| Other long-term liabilities| 2,572| 3,034| —| —| Capital lease obligations, non-current| —| —| 3,983| 3,058| Convertible senior notes| 66,558| 75,623| 75,279| 74,935| Total liabilities| 175,430| 212,931| 208,086| 232,959| | | | | | Stockholders’ equity (deficit):| | | | | Preferred stock| —| —| —| —| Common stock| 2| 2| 2| 2| Additional paid in capital| 338,620| 333,909| 325,771| 250,939| Accumulated deficit| (264,985)| (252,327)| (204,291)| (96,829)| Treasury stock| (76,670)| (63,278)| (64,983)| (65,325)| Accumulated other comprehensive income (loss)| 48| (94)| (132)| 962| Total stockholders’ equity (deficit)| (2,985)| 18,212| 56,367| 89,749| Total liabilities and stockholders’ equity (deficit)| 172,445| 231,143| 264,453| 325,913| Overstock Restated Common-Size Consolidated Balance Sheets| | | | | | | December 31,| (% of total assets)| 2008| 2007| 2006| 2005| Assets| | | | | Current Assets:| | | | | Cash and cash equivalents| 58. 3%| 43. 9%| 48%| 17. 1%| Marketable securities| 5. 2%| 19. 9%| —| 17. 1%| Cash, cash equivalents and marketable securities| 63. 5%| 63. 8%| 48%| 34. 2%| Accounts receivable, net| 4. 1%| . 5%| 6. %| 3. 1%| Notes receivable| . 7%| . 7%| 2. 5%| —| Inventories, net| 10. 3%| 11. 1%| 9. 1%| 28. 6%| Prepaid inventory, net| . 4%| 1. 5%| . 8%| 3%| Prepaid expe nse| 5. 6%| 3. 3%| 2. 8%| 2. 6%| Current assets of held for sale subsidiary| | | 1. 8%| . 6%| Total current assets| 84. 7%| 85. 2%| 71. 2%| 72. 1%| Restricted cash| | | | . 07%| Fixed assets, net| 13. 4%| 11. 8%| 21. 3%| 18. 7%| Goodwill| 1. 6%| 1. 2%| 1. 1%| . 9%| Other long-term assets, net| . 3%| . 04%| . 2%| 1%| Notes receivable| —| 1. 8%| —| —| Long-term assets of held for sale subsidiary| | | 6. 3%| 7. 2%| Total assets| 100%| 100%| 100%| 100%| | | | | | Liabilities| | | | | Current liabilities:| | | | | Accounts payable| 36%| 30. 4%| 22. 1%| 30. 7%| Accrued liabilities| 14. 6%| 16. 1%| 14. 5%| 14. 1%| Deferred Revenue| 11%| 10%| 8. 8%| 2. 1%| Capital lease obligations| —| 1. 6%| 1. 9%| —| Current liabilities of held for sale subsidiary| | | 1. 4%| . 7%| Total current liabilities| 61. 6%| 58. 1%| 48. 7%| 47. 5%| Other long-term liabilities| 1. 5%| 1. 3%| —| —| Capital lease obligations, non-current| —| —| 1. 5%| . 9%| Convertible senior notes| 38. 6%| 32. 7%| 28. 5%| 23%| Total liabilities| 101. 7%| 92. 1%| 78. 7%| 71. 5%| | | | | | Stockholders’ Equity| | | | | Stockholders’ equity (deficit):| | | | | Preferred stock| —| —| —| —| Common stock| —| —| —| —| Additional paid in capital| 196. 4%| 144. 5%| 123. 2%| 77%| Accumulated deficit| -153. 7%| -109. 2%| -77. 3%| -29. 7%| Treasury stock| -44. 5%| -27. 4%| -24. 6%| -20%| Accumulated other comprehensive income (loss)| . 03%| -. 04%| -. 05%| . 3%| Total stockholders’ equity (deficit)| -1. 7%| 7. 9%| 21. 3%| 27. 5%| Total liabilities and stockholders’ equity (deficit)| 100%| 100%| 100%| 100%| Overstock Restated Trend Consolidated Balance Sheets (2005 = 100%)| | | | | | | December 31,| | 2008| 2007| 2006| 2005| Assets| | | | | Current Assets:| | | | | Cash and cash equivalents| 180%| 181. 5%| 227. %| 100%| Marketable securities| 16. 1%| 82. 4%| —| 100%| Cash, cash equivalents and marketable securities| 98. 1%| 132%| 113. 7%| 100%| Accounts receivable, net| 69. 7%| 111. 8%| 163%| 100%| Notes receivable| 18. 7%| 22. 5%| 100%| | Inventories, net| 19%| 27. 5%| 25. 7%| 100%| Prepaid inventory, net| 7. 9%| 37. 1%| 23. 3%| 100%| Prepaid expense| 114. 4%| 89. 3%| 88. 2%| 100%| Current assets of held for sale subsidiary| —| —| 229. 7%| 100%| Total current assets| 62. 1%| 83. 7%| 80. 1%| 100%| Restricted cash| —| —| —| 100%| Fixed assets, net| 38%| 44. 7%| 92. 4%| 100%| Goodwill| 100%| 100%| 100%| 100%| Other long-term assets, net| 16. 1%| 2. %| 17. 3%| 100%| Notes receivable| —| 100%| —| —| Long-term assets of held for sale subsidiary| | | 70. 4%| 100%| Total assets| 53%| 71%| 81. 1%| 100%| | | | | | Liabilities| | | | | Current liabilities:| | | | | Accounts payable| 62%| 70. 2%| 58. 3%| 100%| Accrued liabilities| 54. 8%| 80. 9%| 83. 7%| 100%| Deferred Revenue| 284. 7%| 343. 6%| 347. 4%| 100%| Capital lease obligations| —| 74. 8%| 100%| 00%| Current liabilities of held for sale subsidiary| | | 170. 5%| 100%| Total current liabilities| 68. 6%| 86. 6%| 83. 1%| 100%| Other long-term lia bilities| 84. 8%| 100%| —| —00%| Capital lease obligations, non-current| —| —| 130. %| 100%| Convertible senior notes| 88. 8%| 101%| 100. 5%| 100%| Total liabilities| 75. 3%| 91. 4%| 89. 3%| 100%| | | | | | Stockholders’ Equity| | | | | Stockholders’ equity (deficit):| | | | | Preferred stock| —| —| —| —00%| Common stock| 100%| 100%| 100%| 100%| Additional paid in capital| 134. 9%| 133. 1%| 129. 8%| 100%| Accumulated deficit| 273. 7%| 260. 6%| 211%| 100%| Treasury stock| 117. 4%| 96. 9%| 99. 5%| 100%| Accumulated other comprehensive income (loss)| 5%| -9. 8%| -13. 7%| 100%| Total stockholders’ equity (deficit)| -3. 3%| 20. 3%| 62. 8| 100%| Total liabilities and stockholders’ equity (deficit)| 52. 9%| 70. 9%| 81. 1%| 100%| Amazon Consolidated Statements of Operations (in millions)| | | | Year Ended December 31,| | 2008| 2007| 2006| 2005| Net sales| 19,166| 14,835| 10,711| 8,490| Cost of sales| 14,896| 11,482| 8,255| 6,451| Gross profit| 4,270| 3,353| 2,456| 2,039| Operating expenses:| | | | | Fulfillment| 1,658| 1,292| 937| 745| Marketing| 482| 344| 263| 198| Technology and content| 1,033| 818| 662| 451| General and administrative| 279| 235| 195| 166| Other operating expense (income), net| (24)| 9| 10| 47| Total operating expenses| 3,428| 2,698| 2,067| 1,607| Income from operations| 842| 655| 389| 432| Interest income| 83| 90| 59| 44| Interest expense| (71)| (77)| (78)| (92)| Other income (expense), net| 47| (8)| 7| 2| Total non-operating income (expense)| 59| 5| 12| 42| Income before income taxes| 901| 660| 377| 428| Provision for income taxes| (247)| (184)| (187)| 95| Equity-method investment activity, net of tax| (9)| —| —| —| Income before cumulative effect of change in accounting principle| | | | 333| Cumulative effect of change in accounting principle| | | | 26| Net income| 645| 476| 190| 359| Amazon Common-Size Consolidated Statements of Operations| | | | | | | Year Ended December 31,| (% of sales)| 2008| 2007| 2006| 2005| Net sales| 100%| 100%| 100%| 100%| Cost of sales| 77. 7%| 77. 4%| 77. 1%| 76%| Gross profit| 22. 3%| 22. 6%| 22. 9%| 24%| Operating expenses:| | | | | Fulfillment| 8. 7%| 8. 7%| 8. 7%| 8. 8%| Marketing| 2. 5%| 2. 3%| 2. 5%| 2. 3%| Technology and content| 5. 4%| 5. 5%| 6. 2%| 5. 3%| General and administrative| 1. 5%| 1. 6%| 1. 8%| 2%| Other operating expense (income), net| -. 1%| . 06%| . 09%| . 6%| Total operating expenses| 17. 9%| 18. 2%| 19. 3%| 18. 9%| Income from operations| 4. 4%| 4. 4%| 3. 6%| 5. 1%| Interest income| . 4%| . 6%| . 6%| . 5%| Interest expense| -. 4%| -. 5%| -. 7%| -1. 1%| Other income (expense), net| . 2%| -. 05%| . 07%| . 02%| Total non-operating income (expense)| . 3%| . 03%| . 1%| . 5%| Income before income taxes| 4. 7%| 4. 4%| 3. 5%| 5%| Provision for income taxes| -1. 3%| -1. %| -1. 7%| 1. 1%| Equity-method investment activity, net of tax| -. 05%| —| —| —| Income before cumulative effect of change in accounting principle| | | | 3. 9%| Cumulative effect of change in accounting principle| | | | . 3%| Net income| 3. 4%| 3. 2%| 1. 8%| 4. 2%| | | | | | | Amazon Trend Consolidated Statements of Operations (2005 = 100%)| | | | | | | For Year Ended December 31,| | 2008| 2007| 2006| 2005| Net sales| 225. 7%| 174. 7%| 126. 2%| 100%| Cost of sales| 231%| 178%| 1278%| 100%| Gross profit| 209. 4%| 164. 4%| 120. 5%| 100%| Operating expenses:| | | | | Fulfillment| 222. 6%| 173. 4%| 125. 8%| 100%| Marketing| 243. 4%| 173. %| 132. 8%| 100%| Technology and content| 229%| 181. 4%| 146. 8%| 100%| General and administrative| 168. 1%| 141. 6%| 117. 5%| 100%| Other operating expense (income), net| -51. 1%| 19. 1%| 21. 3%| 100%| Total operating expenses| 213. 3%| 167. 9%| 128. 6%| 100%| Income from operations| 194. 9%| 151. 6%| 90%| 100%| Interest income| 180. 6%| 204. 5%| 134. 1%| 100%| Interest expense| 77. 2%| 83. 7%| 84. 8%| 100%| Other income (expense), net| 2350%| -400%| 350%| 100%| Total non-operating income (expense)| 140. 5%| 11. 9%| 28. 6%| 100%| Income before income taxes| 210. 5%| 154. 2%| 88. 1%| 100%| Provision for income taxes| -260%| -193. 7%| -196. %| 100%| Equity-metho d investment activity, net of tax| 100%| —| —| —| Income before cumulative effect of change in accounting principle| | | | 100%| Cumulative effect of change in accounting principle| | | | 100%| Net income| 179. 7%| 132. 6%| 52. 9%| 100%| Amazon Consolidated Balance Sheets (in millions)| | | | December 31,| | 2008| 2007| 2006| 2005| | Assets| Current assets:| | | | | Cash and cash equivalents| 2,769| 2,539| 1,022| 1,013| Marketable securities| 958| 573| 997| 987| Inventories| 1,399| 1,200| 877| 566| Accounts receivable, net and other| 827| 705| 399| 274| Deferred tax assets| 204| 147| 78| 89| Total current assets| 6,157| 5,164| 3,373| 2,929| Fixed assets, net| 854| 543| 457| 348| Deferred tax assets| 145| 260| 199| 223| Goodwill| 438| 222| 195| 159| Other assets| 720| 296| 139| 37| Total assets| 8,324| 6,485| 4,363| 3,696| | Liabilities and Stockholders’ Equity| Current liabilities:| | | | | Accounts payable| 3,594| 2,795| 1,816| 1,366| Accrued expenses and other| 1,093| 902| 716| 533| Current portion of long-term debt| 59| 17| —| —| Total current liabilities| 4,746| 3,714| 2,532| 1,899| Long-term debt| 409| 1,282| 1,247| 1,480| Other long-term liabilities| 487| 292| 153| 71| Commitments and contingencies| | | | | Stockholders’ equity:| | | | | Preferred stock| —| —| —| —| Common stock| 4| 4| 4| 4| Treasury stock, at cost| (600)| (500)| (252)| —| Additional paid-in capital| 4,121| 3,063| 2,517| 2,263| Accumulate other comprehensive income (loss)| (123)| 5| (1)| 6| Accumulated deficit| (730)| (1,375)| (1,837)| (2,027)| Total stockholders’ equity| 2,672| 1,197| 431| 246| Total liabilities and stockholders’ equity| 8,314| 6,485| 4,363| 3,696| Amazon Common-Size Consolidated Balance Sheets| | | | | | | December 31,| (% of total assets)| 2008| 2007| 2006| 2005| Assets| | | | | Current assets:| | | | | Cash and cash equivalents| 33. 3%| 39. 2%| 23. 4%| 27. 4%| Marketable securities| 11. 6%| 8. 8%| 22. 9%| 26. 7%| Inventories| 16. 8%| 18. 5%| 20. 1%| 15. 3%| Accounts receivable, net and other| 9. 9%| 10. 9%| 9. 1%| 7. 4%| Deferred tax assets| 2. 5%| 2. 3%| 1. 8%| 2. 4%| Total current assets| 74%| 79. 6%| 77. 3%| 79. 2%| Fixed assets, net| 10. 3%| 8. 4%| 10. 5%| 9. 4%| Deferred tax assets| 1. 7%| 4%| 4. 6%| 6%| Goodwill| 5. 3%| 3. 4%| 4. 5%| 4. 3%| Other assets| 8. 6%| 4. 6%| 3. 2%| 1%| Total assets| 100%| 100%| 100%| 100%| | | | | | Liabilities| | | | | Current liabilities:| | | | | Accounts payable| 43. 2%| 43. 1%| 41. 6%| 37%| Accrued expenses and other| 13. 1%| 13. 9%| 16. 4%| 14. 4%| Current portion of long-term debt| . 7%| . 3%| —| —| Total current liabilities| 57%| 57. 3%| 58%| 51. 4%| Long-term debt| 4. 9%| 19. 8%| 28. 6%| 40%| Other long-term liabilities| 5. 9%| 4. 5%| 3. 5%| 1. 9%| | | | | | Stockholders’ Equity| | | | | Preferred stock| —| —| —| —| Common stock| . 05%| . 06%| . 09%| . 1%| Treasury stock, at cost| -7. 2%| -7. 7%| -5. 8%| —| Additional paid-in capital| 49. 5%| 47. 2%| 57. 7%| 61. 2%| Accumulate other comprehensive income (loss)| -1. 5%| . 08%| -. 02%| . 2%| Accumulated deficit| -8. 8%| -21. 2%| -42. 1%| -54. 8%| Total stockholders’ equity| 32. 1%| 18. 5%| 9. 9%| 6. 7%| Total liabilities and stockholders’ equity| 100%| 100%| 100%| 100%| | | | | | Amazon Trend Consolidated Balance Sheets (2005 = 100%)| | | | | | | December 31,| | 2008| 2007| 2006| 2005| Assets| | | | | Current assets:| | | | | Cash and cash equivalents| 273. 3%| 250. 6%| 100. %| 100%| Marketable securities| 97. 1%| 58. 1%| 101%| 100%| Inventories| 247. 2%| 212%| 155%| 100%| Accounts receivable, net and other| 301. 8%| 257. 3%| 145. 6%| 100%| Deferred tax assets| 229. 2%| 165. 2%| 87. 6%| 100%| Total current assets| 210. 2%| 176. 3%| 115. 2%| 100%| Fixed assets, net| 245. 4%| 156%| 131. 3%| 100%| Deferred tax assets| 65%| 116. 6%| 89. 2%| 100%| Goodwill| 275. 5%| 139. 6%| 122. 6%| 100%| Other assets| 1945. 9%| 800%| 375. 7%| 100%| Total assets| 225. 2%| 175. 5%| 118%| 100%| | | | | | Liabilities| | | | | Current liabilities:| | | | | Accounts payable| 263. 1%| 204. 6%| 132. 9%| 100%| Accrued expenses and other| 205. 1%| 169. %| 134. 3%| 100%| Current portion of long-term debt| 347. 1%| 100%| —| —| Total current liabilities| 249. 9%| 195. 6%| 133. 3%| 100%| Long-term debt| 27. 6%| 86. 6%| 84. 3%| 100%| Other long-term liabilities| 685. 9%| 411. 3%| 215. 5%| 100%| | | | | | Stockholders’ Equity| | | | | Preferred stock| —| —| —| —| Common stock| 100%| 100%| 100%| 100%| Treasury stock, at cost| 240%| 200%| 100%| —| Additional paid-in capital| 182. 1%| 135. 4%| 111. 2%| 100%| Accumulate other comprehensive income (loss)| -2050%| 83. 3%| -16. 7%| 100%| Accumulated deficit| 36%| 67. 8%| 90. 1%| 100%| Total stockholders’ equity| 1086. 2%| 486. 6%| 175. %| 100%| Total liabilities and stockholders’ equity| 224. 9%| 175. 5%| 118%| 100%| Overstock Financial Ratios| | | | | | 2008| 2007| 2006| Return on assets (net)(ROA)| -6. 23%| -18. 09%| -34. 43%| Return on equity (net) (ROE)| -105. 88%| -101. 39%| -131. 38%| Return on income (Operating) (ROI)| -12. 82%| -32. 94%| -57. 89%| EBITDA Margin| 1. 24| -1. 6| -7. 8| Calculated tax rate| —| —| —| Revenue per employee| $803,173| $900,665| $912,211| Quick ratio| 1. 04| 1. 21| 1. 2| Current ratio| 1. 37| 1. 56| 1. 57| Net current assets| 23. 01%| 30. 64%| 24. 54%| Long-term debt to equity| —| 2. 82| 1. 28| Total debt to equity| —| 2. 96| 1. 36| Interest coverage| —| —| —| Total asset turnover| 4. 11x| 3. 05x| 2. 67x| Receivables turnover| 75. 49x| 47. 29x| 52. 48x| Inventory turnover| 31. 68x| 27. 38x| 12. 21x| Accounts payable turnover| 12. 53x| 11. 12x| 9. 41x| Accrued expenses turnover| 27. 55x| 20. 9x| 19. 13x| Property, plant and equipment turnover| 33. 06x| 18. 23x| 13. 35x| Cash and cash equivalents turnover| 6. 48x| 5. 54x| 6. 6x| | | | | Amazon Financial Ratios| | | | | | 2008| 2007| 2006| Return on assets (net)(ROA)| 8. 69%| 8. 78%| 4. 72%| Return on equity (net) (ROE)| 33. 25%| 58. 48%| 56. 13%| Return on income (Operating) (ROI)| 28. 93%| 30. 9%| 22. 45%| EBITDA Margin| 6. 26%| 6. 1%| 5. 56%| Calculated tax rate| 27. 41%| 27. 88%| 49. 6%| Revenue per employee| $923,364| $872,647| $770,576| Quick ratio| . 96| 1. 03| . 95| Current ratio| 1. 3| 1. 39| 1. 33| Net current assets| 16. 97%| 22. 36%| 19. 28%| Long-term debt to equity| . 2| 1. 12| 2. 94| Total debt to equity| . 22| 1. 12| 2. 94| Interest coverage| —| —| 20. 47x| Total asset turnover| 2. 58x| 2. 74x| 2. 66x| Receivables turnover| 24. 95x| 26. 88x| 31. 83x| Inventory turnover| 11. 46x| 11. 06x| 11. 44x| Accounts payable turnover| 5. 98x| 6. 43x| 6. 73x| Property, plant and equipment turnover| 27. 36x| 29. 67x| 26. 61x| Cash and cash equivalents turnover| 5. 59x| 5. 78x| 5. 33x| How to cite A Comparative Analysis of Overstock and Amazon, Essay examples