Of the Coming of John by W.E.B. Du Bois :: Fighting for Civil Rights

Booker T. Washington and W.E.B. Du Bois were very important African American leaders in the United States during the late nineteenth and early twentieth centuries. They both felt strongly that African Americans should not be treated unequally in terms of education and civil rights. They had strong beliefs that education was important for the African American community and stressed that educating African Americans would lead them into obtaining government positions, possibly resulting in social change. Although Booker T. Washington and W.E.B. Du Bois had similar goals to achieve racial equality in the United States, they had strongly opposing approaches in improving the lives of the black population. Washington was a conservative activist who felt that the subordination to white leaders was crucial for African Americans in becoming successful and gaining political power. On the other hand, Du Bois took a radical approach and voiced his opinion through public literature and protest, m aking it clear that racial discrimination and segregation were intolerable. The opposing ideas of these African American leaders are illustrated in Du Bois’ short story, â€Å"Of the Coming of John†, where Du Bois implies his opposition to Washington’s ideas. He shows that the subordination of educated black individuals does not result in gaining respect or equality from the white community. In fact, he suggests that subordination would lead the black community to be further oppressed by whites. However contrasting their views might have been, Booker T. Washington and W.E.B. Du Bois were significant influential black leaders of their time, who changed the role of the black community in America.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Booker T. Washington’s ideologies for economic advancement and self-help played a major role in his approach to fight for equal rights. By founding the Tuskegee Institute in Mound Bayou, he created a university that was segregated for black students and encouraged higher educational standards (Meier 396). These students were also encouraged to follow the social system of segregation in order to achieve political status in the United States. In an interview with reporter Ralph McGill, Du Bois recalls that in the process of obtaining funds for the Tuskegee Institute â€Å"Washington would promise [white philanthropists] happy contented labor for their new enterprises. He reminded them there would be no strikers† (Du Bois, qtd. in McGill 5). This shows the nature of Washington’s contradicting approach in obtaining political power by embracing the system of segregation and working with white leaders rather than against the m to achieve his goals.

Jones Electrical Essay

As we can see from the figures and the information given in the present case, the company is very profitable due to the ambition and well management done by its owner Mr. Jones. In this regard, we can see in â€Å"Table 2 in the spreadsheet†, that the company is taking advantage of the 2% discount offered by suppliers saving around $75,000. 00 per year. We have to pay especial attention to the agreement reached with the former Co-owner of the company, Mr. Verden. This agreement is affecting the cash flow of the company since the interest expenses raises by around $12,000. 0 more per year, this together the financial interest of the Metropolitan’s Bank loan makes that the company needs a larger amount to finance its debts, that by the way regarding the agreement with Verden should not being paid by the company but by Jones personal income since this agreement was not reached between the company and Verden but between Verden and Jones. Furthermore, we are assuming that the company is paying this agreement since the Metropolitan’s interest rate if not will be of 12,45% per year which it seems to be very high for a bank of this kind. See Table 3 On the other hand, we have see that other and perhaps the most important factor making the company running out of cash is the fact that Jones uses to pay the invoices within 10 days so he can take advantage of the 2% discount instead of waiting the net payment due in 30 days while his accounts receivables are paid in average every 42 days. It is not necessary to explain what paying around hundred suppliers every 10 days represent to cash flows if the company is receiving payments every 42 days, this means that the company pays 4 times at 1 time receiving. This is, for sure, the main reason why the company is losing liquidity and need to borrow money to banks. See Table 5. Furthermore, we can see that the average rotation on accounts payables is 22 days as we can see from Table 10, this breaks the balance between the account receivables and accounts payables, this means that the company need to finance the difference (in this case 20 days approx. ) of working capital and the only way to finance it is through the company’s operations, by shareholders or with external resources which in the present case is through a bank loan. It would be also interesting to see what it the company’s financing policy on accounts receivables, this means what discount the company gives to its buyers and compare it with the discounts it receives from suppliers. Finally in order to overcome this situation the company need to review its financing policy and reduce the finance it gives to its clients so the rotation in accounts receivables period approaches to the rotation on accounts payables and thus correct the difference of approximately 20 days that is making the company look for further financing in external sources. . – Is Jones’s estimated that a $350,000. 00 line of credit is sufficient for 2007 accurate? From my point of view it seems to be accurate for the year of 2007. This answer is based of the calculation on working capital (see Table 8) and even stressing the methods used to calculate it, such as through the net operating working capital, which takes only into account the ways that the company has to generate cash and it most liquid debts, it means inventory, account receivables and account payables, we found that the figures were much better. See Table 11) On the other hand, if we take a look to the liquidity ratio (see Table 9) we found that the company’s ratio is above minimum relation required which is 1:1, this means that the company is producing enough cash to pay its debts. Nevertheless, as we said before, there a disparity in the financing policy of the company regarding the recovery period (account receivables) and the rotation on payables accounts that makes that the company requires external financing despite of having excellent numbers on the paper. Finally, I consider that the new credit line will be enough to pay the former credit with Metropolitan bank and there will still be $100 thousands dollars available that can be used by the company along the year since the restriction imposed by the bank are meet as we can see in Table 4 besides the company will be receiving payments during the year that will allow it to cover its debts and take advantage of the supplier discounts. Nevertheless, I insist in the fact that the company should revise its financing policy and the rotation of account receivables. . – What will happen to Jones’s financing needs beyond 2007? The financial needs of Jones Electrical will increase unless they change their policy on financing buyers while paying faster to their suppliers. This in deed is what is making that the company requires additional founds. On the other hand, the company has been growing constantly. In deed, according to the net income estimation for 2007 (see Table 7) the com pany increases its profits $25 thousand dollars more than the previous year. This is an evidence of how the company is been management and of its willing to grow year after year. Nevertheless, the first quarter of 2007 the working capital only has increased by $7 thousand dollars, which is the difference between the current assets and current liabilities but the importance of this is that according to the rotation on receivables and payable accounts, shown in Table 5 and 10, leads us to the conclusion that the company will have to pay its suppliers twice before it enters a single dime from its buyers. This clearly is the only reason and explanation to the question arose at the beginning of this analysis: â€Å"Why this profitable company needs a bank loan? † and the answer is found in tables 5 and 10, which is traduced into â€Å"an inadequate financing policy regarding receivables and payables accounts†. Finally, as a conclusion we can say that the company will still be needing more and more external resources to finance its buyers purchases due a inadequate financing policy that provoke unbalance in the requirements of working capital.

Cartesian Dualism And The Body Essay - 1009 Words

How many people have really thought about what the mind is? How is the mind connected to the body? Are they two separate things or are the body and the mind the same thing? There are different theories to answer these questions. A philosopher, Descarte, believes in Cartesian Dualism, which is that the mind and body both exist, but are two distinct things: physical stuff and mental stuff. The mind is not located in physical space and is an immaterial soul, whereas the body is a physical being and these two things are separate. This means that the mind is a non-material thing that includes our consciousness and soul. Basically, our body and brain are a container that holds our actual self which is our mind. The mind, spirit, and soul are immaterial and interact with our bodies. The opposite view of Cartesian Dualism is called materialism. This says that the spirit does not exist because everything that exists is made from physical materials, such as the brain and the human mind. Our bo dy and mind are the same thing. Although Descarte believes in Cartesian Dualism, there are many arguments for and against it. One argument that is against it is called the Continuity of Nature Argument against Cartesian Dualism. This argument describes that nature is a continuous thing. For instance, being tan is a very vague characteristic and it’s on a continuous scale. There is no sharp boundary of tan people and pale people. There can be a â€Å"grey† area. There are degrees of being tan.Show MoreRelatedThe Mind Body Problem And Cartesian Dualism1024 Words   |  5 PagesDayna Gelman Justin Pannell April 24, 2015 PHI 107 The Mind-Body Problem and Cartesian Dualism In this paper I will argue for Cartesian dualism to be the most plausible solution to the mind-body problem. Cartesian dualism argues that there is a two-way interaction between mental and physical substances. 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