Essay On Artificial Intelligence Regulation - 1541 Words

Orion Humphrey Katherine Pack ENGL 1101 22 October 2017 Artificial Intelligence Regulation Artificial intelligence, or AI, is not necessarily a new concept but hasn’t been remotely possible up until a few years ago. It’s recently been a hot topic among the tech community, religious folk, and really, the rest of the world. While in its infancy, AI has the potential to be dangerous and needs to be regulated. Artificial intelligence is something that’s taboo to a lot of people. They wonder whether it’s ethical or right to create life out of nothing. If you’re religious, you might think that God should be the only one to bring life into this world. This is a very small scenario compared to the grand scheme of things that have to do with AI.†¦show more content†¦According to a study by Ball State University, â€Å"An estimated 5 million U.S. factory jobs have evaporated since 2000 and most of those (88%) were lost to increased productivity due to automation†¦Ã¢â‚¬  (Darrow) This is just due to automation and if you incorporate machine learning artificial intelligence, it will take over even more jobs. â€Å"†¦a recent report by consultancy PricewaterhouseCoopers estimates that 38% of U.S. jobs have a ‘high risk’ of being wiped out by automation by 2030.† (Darrow) At the rate technology is increasing and quantum computers just waiting to be released for public use, it’s very probable that a lot of people will lose their jobs. Quantum computers are at this time already 100 million times faster than regular ones (Nield)and there will be no human on earth that can compete with that. An example of this is Goldman Sachs who at the turn of the century were using 600 traders to buy and sell stocks. As of February, 2017, they were down to two, while everyone else had been replaced with automated computer systems. (Byrnes) While some are not so severe, situations like this can destabilize the entire economy. A U.K. research firm states, †Ã ¢â‚¬ ¦nearly 45 percent of the revenue from cash equities trading comes from electronic trades†¦Ã¢â‚¬  (Byrnes) When it’s useless to have people making the trades and only to maintain the machines that do them, it will be a race to get the fastest and smartest computer toShow MoreRelatedCyber Crime Id Theft And Credit Fraud1411 Words   |  6 Pagestechnology, and also expect technologies to continue their concrescence to new more powerful appliances with new features. 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To My Grown Up Son Free Essays

To My Grown-Up Son or Daughter by Alice E. Chase My hands were busy through the day, I didn’t have much time to play The little games you asked me to, I didn’t have much time for you. I’d wash your clothes; I’d sew and cook, But when you’d bring your picture book And ask me, please, to share your fun, I’d say, â€Å"A little later, hon. We will write a custom essay sample on To My Grown Up Son or any similar topic only for you Order Now † I’d tuck you in all safe at night, And hear your prayers, turn out the light, Then tiptoe softly to the door, I wish I’d stayed a minute more. For life is short, and years rush past, A little boy grows up so fast, No longer is he at your side, His precious secrets to confide. The picture books are put away, There are no children’s games to play, No goodnight kiss, no prayers to hear, That all belongs to yesteryear. My hands once busy, now lie still, The days are long and hard to fill, I wish I could go back and do, The little things you asked me to. To My Grown-Up Mom Your hands were busy through the day You didn’t have much time to play. The little things I’d ask of you, You took the time to see, to do†¦ You washed my clothes, you’d sew and cook. (The best damn Halloween costumes that town had ever seen, I might add! And when I’d bring my picture book, your dark, thick outlines and perfect strokes had me mesmerized. You tucked me in, all safe at night. Ran your fingers across my temple ’til my eyes shut tight. I do the same for Mika, now. An inherited maternal signature passed on somehow. I wonder, sometimes, if life is really as short as we think it is. I watch the years rus h past and don’t have all the answers, yet. But time brings wisdom, wrinkles, and opportunities to learn. I grew out of goodnight kisses and picture books. I can’t hear you creaking across the floor hen I sleep, anymore. No fingers on my temple when I’m tired. My hands are pretty busy, now. Yours are, too. We can’t go back and do the things we used to do. But in this moment I can stop and thank you for your water-soaked raisin fingers (after doing another stack of dishes! ) I can thank you for the Halloween costumes and picture books, the temple rubs and time spent investing in love. I know sometimes it probably wasn’t easy to take and make the time, but every moment counted and I wanted you to know I couldn’t have done it without you. How to cite To My Grown Up Son, Essay examples

Get Financial Structure Of Phillips Van Heusen - Free Solution

Questions: 1. Analysis of financial structure of Phillips Van Heusen? 2. Competitor analysis of the organization? 3. Primary risks faced by Phillips Van Heusen? Answers: Introduction The success of every business firm depends upon the strategic financial decisions undertaken by the top managers of a particular firm. These financial decisions are involved upon the capital structure and individual analysis of a particular business firm. This report will take into consideration about the clothing retailer Phillips Van Heusen. Since the organization is looking for a debt portion of 20 million, therefore, an in-depth financial analysis will be useful to investigate about the financial structure of the business firm. 1. Analysis of financial structure of Phillips Van Heusen The financial status of the firm can be analyzed through the analysis of financial ratios. These financial ratios can be of great essence to forecast the future form of activities of the business organization Phillips Van Heusen. The financial ratios like debt-equity ratio, current ratio and profitability ratio of the firm will interpret about the feasibility of the firm on taking about the debt portion of 20 million. It can be seen that in the current financial year the debt-equity ratio of the firm is 78.74. This ratio interprets about the portion of debt over the equity capital of the organization. If this ratio is higher, then, it can be inferred that the organization is more exposed to financial risk. In the given case of the organization Phillips Van Heusen, debt equity ratio is higher. Therefore, it can be inferred that the debt portion of the organization is already higher. The current ratio of the organization is 2.23. The current ratio of a business firm interprets about th e capability of the firm to meet the short-term obligations. Phillips Van Heusen is capable enough to match up with the short-term obligations in case of short term liabilities. However, this may not be the case of long term debt organizations. Therefore, segmentation of debt may be an important criterion for the business firm (Uk.finance.yahoo.com, 2015) Therefore, it can be inferred that the company is highly liquid. This suggests that the organization is expected to meet up with their short term debt due to its liquidity nature. However, a higher form of current ratio can also be considered as misleading as the time taken to convert the working capital management into cash. The organization Phillips Van Heusen has already had a higher portion of debt of 3438700 (3.5 billion) in the current financial year, therefore, more amount of debt will hamper the cash conversion cycle of the firm. Since, the organization is a going concern, therefore, the future of the organization can be at stake due to its highly liquid nature. This can be also considered as a financial risk of the organization. However, on the contrary, it may be also argued that new form of debt may increase the current liabilities and long term liabilities of the firm. But, it will additionally increase the debt-equity ratio. This may cause an effect to leverage portion of Phillips Van Heusen. In addition to this, the profitability of the clothing retailer is only 6.35%. Therefore, an additional debt may also decrease the profit margin of the firm. However, the company can opt for the given debt portion of 20 million required to open their new stores. This can be done by minimizing the total amount of compensation paid to the directors or top-level managers of the firm. The return on equity is around 11.67 percent. Therefore, it is deduced that the compensation package paid to the directors are extremely liberal. This is mainly because; the firm is not stable enough in terms of its capital structure. In addition to this, the organization Phillips Van Heusen has a cash balance of 419 million. This total amount of cash can also be utilized by the firm to meet their debt requirements. Therefore, it is of great essence of the firm to evaluate and effective use of working capital cycle to meet the short term debt of the current fiscal year. On the other hand, it is also true that if the total cash balance of the firm decreases, then, the total operating expenses of the firm will also decrease. This can have an adverse effect on the firm (Nogu Corominas and Masclans Armengol, 2013). In case of SWOT analysis of Phillips Van Heusen, it can be deduced that the biggest strength of the firm is that the firm has a higher liquidity in terms of their respective working capital cycle. In addition to this, other strength of the firm is that the organization has a higher amount of goodwill, which they can utilize for their respective creditors. This can be another advantage for the firm in terms of obtaining debt from the respective creditors to incur sources of funds. The beta of the firm is also in the lower side, which interprets that the stock prices of the firm is not volatile (Yermack, 2011) The weakness of the firm Phillips Van Heusen is that they have a higher form of debt-equity ratio which caused the firm to expose to liquidity risk. Apart from this, the profit margin of the firm is lower; therefore, a higher amount of debt can hamper its profit margin (Wilson, 2013). In case of opportunities, it can be inferred that the organization Phillips Van Heusen has a higher opportunity to diversify its products and cater into more market segments by opening of new stores. However, it can be inferred that the organization is opening two new stores to increase their respective market capitalization and growth rate of their owners equity. The organization Phillips Van Heusen may face serious threats from its competitors. The major competitors of the organization include Perry Ills International Inc, Nine West Holding Inc, etc. This threat can be in the form of market share, customer base and effective utilization of business resources (Leykun, 2012). 2. Competitor analysis of the organization The top three competitors of the firm are Perry Ills International Inc, Nine West Holding Inc and Ralph Loren Corporation. The competitor analysis can be performed in terms of market capitalization, revenue margin, earnings per share, etc. It can be observed that the market capitalization of the clothing retailer Phillips Van Heusen is on the higher side. However, in terms of revenue margin Ralph Loren Corporation is catching up with the organization. In addition to this, Phillips Van Heusen is also lagging behind in terms of net income margin with respect to its competitor Ralph Loren Corporation. Due to this reason, the firm needs to increase its sales and profit margin with respect to its competitors. This can only be done by increasing the number of stores, in order to increase the total amount of segmentation process and attain a higher level of core competency. For that, the organization may be required to incur a higher amount of debt and cause a change in their working capita l structure. In addition to this, the organization is required to minimize the compensation packages of the directors (uk.finance.yahoo.com, 2015) 3. Primary risks faced by Phillips Van Heusen There are several risks faced by the organization Phillips Van Heusen. These risks are in terms of higher amount of debt, threat from competitors, highly liquid nature of the capital structure and low amount of profit margin. These risks are in the form of systematic risks of the firm. Effective utilization of resources in terms of their market capitalization can also be considered as another business risk for the firm. Apart from this, due to liberal compensation structure of the firm, Phillips Van Heusen is exposed to higher financial risk. The working capital management can be a major cause of concern for the firm as they are planning for expansion mode. These risks can hamper the sustainability nature of the firm which can further lead to their respective downfall. These are the primary risks that the organization Phillips Van Heusen is facing to manage their operational activities effectively. Recommendations on 20million debt of the firm Various recommendations can be given to the organization Phillips Van Heusen in terms of procuring debt of 20 million. Since, the debt equity portion of the firm is on the higher side, therefore, the organization cannot incur more long term debts in terms of their present equity structure. In addition to this, it is important for the organization in incur short term debt as the liquidity ratio of the firm is extremely higher. Apart from this, it is of great essence for the firm Phillips Van Heusen to minimize and split their equity capital and take some amount of working cash out of their reserve and surplus. This will further help the organization to balance their capital structure in terms of their equity and debt. The total revenue of the firm has declined from the last few years along with the percentage of profit margin. Therefore, it is important for Phillips Van Heusen to increase their total amount of stores by segmenting $20 million by 80 percent debts and 20 percent equity. The company may opt for short term debts rather than long term debts. Conclusion The report concludes about the financial structure of Phillips Van Heusen and how the organization can utilize $20million debt in accordance to its capital structure and financial stability. Based on this, several recommendations have been given to the firm. References Nogu Corominas, M., and Masclans Armengol, R. (2013). Qualitative and quantitative financial analysis of LVMH Shoemaker, P. A. (2011). Investment Tax Credit Effects On The United States And Canada, 1968-1985. Journal of Applied Business Research (JABR), 7(4), 56-66 Wilson, M. (2013). A Critical Review of Environmental Sustainability Reporting in the Consumer Goods Industry: Greenwashing or Good Business?. Journal of Management and Sustainability, 3(4), p1. Yermack, D. (2011). The Michelle Markup: The First Ladys Impact on Stock Prices of Fashion Companies. Available at SSRN 1596803. Fernandez, P. (2013). Price to earnings ratio, value to book ratio and growth. Value to Book Ratio and Growth (November 11, 2013). Campaniaris, C., Hayes, S., Jeffrey, M., and Murray, R. (2011). The applicability of cluster theory to Canada's small and medium-sized apparel companies. Journal of Fashion Marketing and Management: An International Journal, 15(1), 8-26. Arnold, G. (2013). Corporate financial management. Harlow, England: Pearson. Brooks, R. (2013). Financial management. Boston: Pearson. Campello, M. and Giambona, E. (2012). Real assets and capital structure. Cambridge, Mass.: National Bureau of Economic Research. Leykun, F. (2012). Capital Structure Decision. Saarbrucken: LAP LAMBERT Academic Publishing. Luypaert, M., Van Caneghem, T. and Van Uytbergen, S. (2015). Financial statement filing lags: An empirical analysis among small firms. International Small Business Journal. Schneegans, J. (2011). Capital structure management liquidity risk and LBO valuation. Uk.finance.yahoo.com, (2015). PVH Key Statistics | PVH Corp. Common Stock Stock - Yahoo! UK and Ireland Finance. [online] Available at: https://uk.finance.yahoo.com/q/ks?s=PVH [Accessed 23 Jul. 2015].