The Necklace by Guy de Maupassant - 898 Words

It is the material world that has created Madame Loisel and it is the material world that destroys her. Her desire for expensive objects and the circles where they are found generated by the capitalistic system she lives in rather than by any character flaw, lead her to make a foolish request of a friend. When she loses the diamond necklace, she too is lost. Her relationship with her friend, as well as any hope for a return to the glittering world of the reception, is shattered. She is destroyed not by spiritual failure but by an economic system that has created a superstructure that will not allow her a better life. She is trapped by material circumstances, and the final revelation about the false jewels deepens her sense of alienation and powerlessness. In Guy de Maupassants short story The Necklace, we are given a clear picture of a society that has unequally distributed its goods or even the means to achieve them. Madame Loisel has no commodity or skills to sell, only her youth and beauty to be used to attract a husband. Without access to those circles where she can find a man with wealth and charm, she is doomed to stay in a powerless situation with no way to approach the elegant lifestyle that she desires. The material circumstances of her society have relegated her to a dreary existence from which she can find no exit. Her husband is so conditioned to accept the situation that he does not understand her hunger to be a part of a more glamorous and elegant world.Show MoreRelatedThe Necklace By Guy De Maupassant863 Words   |  4 PagesThe short story â€Å"The Necklace† written by Guy De Maupassant, tells the story of a married couple who live an average lifestyle together in France—when one day everything in their lives changes due to a simple decision. The author aims to show the reader the power of decision making when faced to decide between needs, wants, honesty and untruthfulness and how every decision we choose to make affect our lives in ways we never thought possible. In the first few lines of the story, the narrator introducesRead MoreThe Necklace by Guy de Maupassant1034 Words   |  5 Pagesregret which Guy de Maupassant depicts throughout â€Å"The Necklace.† Guy de Maupassant, a French writer, born in 1850, was considered one of France’s greatest short-story writers. His writings were mostly influenced by the divorce of his parents when he was thirteen years old and by great writers such as Shakespeare, Schopenhauer, and Flauber. His parent’s divorce caused his stories to depict unhappiness of matrimony, deceit, miscommunication, and a profound misunderstanding (Maupassant, Guy de, 1850-1893)Read MoreThe Necklace by Guy De Maupassant1367 Words   |  6 Pagesâ€Å"Being Honest is Always Best† Telling the truth will always prevent future conflicts. Author Guy De Maupassant who lived from 1850 to 1893 proves in the story of â€Å"The Necklace,† that no matter how bad a situation is, speaking with the truth is always best. Now, this author does not prove this theme directly. Instead, throughout various situations in the story the main characters are faced with a long-term conflict because decisions were not made with honesty. Mathilde and Loisel who is her husbandRead MoreThe Necklace, by Guy de Maupassant791 Words   |  4 Pagescharacterized by other people. In â€Å"The Necklace† Mme. Loisel is a beautiful woman with a decent life, and a husband that loves her, and only wants to make her happy. She is not rich but she makes it along, she insists of a better, wealthier life. When her husband gets her invited to a ball, she feels the need for a brand new fancy dress and tons of jewelry. When the couple realizes they cannot afford jewelry as well, they searc h out to borrow her friend, Mme. Forestiers’ necklace. She comes to notice she noRead MoreThe Necklace, By Guy De Maupassant966 Words   |  4 PagesIn Guy De Maupassant’s â€Å"The Necklace,† Mathilde is a 19th century French woman who desires a wealthier lifestyle than she can acquire. She is completely indulged in the material possessions of life and is focused on the items she does not have rather than what she owns. It seems her happiness is entirely dependent on wealth and status. She neglects her husband and is never content with what he can offer. Eventually, Mathilde’s struggles of envy, selfishness, and materialism drive her to poverty.Read MoreThe Necklace By Guy De Maupassant934 Words   |  4 Pagesduring this time period was Guy de Maupassant, who wrote one of the most influential short stories of this century. â€Å"The Necklace†, written by Guy de Maupassant, illustrates elements of fiction such as the symbolism of the necklace be cause of Mme. Loisel’s desire to be rich, irony due to the twist ending, and a powerful theme. Firstly, the necklace Mme. Loisel borrows and her perspective symbolizes the desire she has towards being wealthy and important in society. Maupassant describes effectively theRead MoreThe Necklace By Guy De Maupassant1381 Words   |  6 Pagesstories are â€Å"The Necklace† by Guy de Maupassant and â€Å"The Secret Life of Walter Mitty† by James Thurber. â€Å"The Necklace† was about a materialistic woman who faced consequences because of her envious personality and â€Å"The Secret Life of Walter Mitty† was about a man who experienced daydreams randomly throughout the day. Although both short stories used literary elements, Guy de Maupassant utilized them for readers to understand and enjoy the story more than James Thurber. â€Å"The Necklace† was a short storyRead MoreThe Necklace By Guy De Maupassant1093 Words   |  5 PagesThroughout the short story titled â€Å"The Necklace† by Guy de Maupassant, it is clear that the main themes being stressed are pride versus greed, and that things are not quite what they appear. Each of these things are represented throughout the story in some way, whether it be using animated language or symbolism. It is also clear that background information clearly aided the development of the themes Maupassant incorporated throughout the passage. It is seen throughout the story that the main characterRead MoreThe Necklace, By Guy De Maupassant999 Words   |  4 PagesIn Guy de Maupassant’s â€Å"The Necklace,† readers experience Mathilde Loisel’s life-changing event. Coming from nobility, de Maupassant tells the story of luxurious desire through the eyes of the middle class woman Mathilde. Mathilde constantly dreams of living the life of the upper class, and this prohibits her from acting in reality. Mathilde’s internal struggle for a sense of social royalty shows readers how quickly selfish pride destroys a person’s life. Throughout the course of â€Å"The NecklaceRead MoreThe Necklace By Guy De Maupassant1019 Words   |  5 PagesIn the short story of â€Å"The Necklace†, the author Guy de Maupassant is a creative and intriguing tale which reveals a person s dreams of a luxurious lifestyle with countless materialistic possessions. He has skillfully developed the story into a mystery which reveals itself at the end. The main point in the story is that materialism can distort your view of happiness and fulfillment. It is wrong to be materialistic to the extent that you disregard what you already have and lose everything. Mathilde

Short Term and Long Term Financing Free Essays

Short Term Finance What is Short Term Financing? Short term financing is basically refers to additional money for a business which requires for running its business for short terms which is usually a period of one year. There are some sources of short term finance which are as following:- Overdraft Overdraft bank basically means a facility that the bank provides to its customers where the customer is given permission to draw money from the banks in surplus of their balance in their heir bank accounts. When taking overdraft from the bank, the account must be zero to get extras extension of money and the interest rate will be very high and we have to pay back the bank in a very short period of time. We will write a custom essay sample on Short Term and Long Term Financing or any similar topic only for you Order Now Trade Credit Trade credit refers to buying products and servicers of a business which needs in the course of its business on credit, depending on the trade practices prevalent in a particular industry, the nature of the business relationship between the supplier and the company may give a different time period to pay the products and services they buy from different suppliers. Exactly as companies get their credit from their suppliers, they must also give credit to their customers. The customers are given 50 to 60 days to pay up the bills. After 60 days, interest will be applied on the customers. If the customers are unable to pay, the will be asked for installment plan. Bank Loans Bank Loan means loans which are given to banks which need to repaid their installment over a fixed period of time which may be short or long term period. Even though it is called bank loans, these loans can be move forward by banks or other financial institution. Usually loans like this are generally given for a certain reason such as purchases of capital equipment. Advantages/ Disadvantages of Short Term Finance Short term financing is a method to raise funds which involves financial responsibility that is needed to be repaid within a year or less. Short term financing is flexible and a fast way for companies to obtain working capital for their daily operations. The main disadvantage is that a company may be too dependent on short term funds and threatened to high banking fees and interest rate. This will may affect the profit margins. Speed Short-term loans can be achieved much fast and easier compared to long-term financing. Lenders will not make through an examination of the company’s account for short-term lending compared to the case they do for long-term loans. Medium size companies do not have large amount of cash and are vulnerable to sudden financial shocks such as non-payment by a key debtor. Flexibility Small companies usually have seasonal variations in the cash and need access to capital over that period. Overdraft protection is one of the form of short term finance where the bank agrees to pay the company’s cash withdrawals, checks, and electronic debits to a certain limit. The lender will charge a fee for this facility on any balance outstanding. The cost of short term finance may be lesser compared to the long term finance where the cost may be higher. Drawback to this type of short-term finance flexibility is that the bank can withdraw the overdraft protection in a short notice. Risk Market circumstances, such as retreat, may cost the small businesses into borrowing a large amount on a short term basis. Short term finance can be a risk factor for the borrower A short term loan can be renewed by the lender on a certain terms than the original contract. This does not only cause the businesses to face a high cost of capital, it may not be able to service the amount of debt collected. This will put the company in a weak position where it could cause the company to be bankrupt. Management Lenders who extend their short term financing does not involve themselves in the business decisions about capital investment. Long-term finance is associate by the number of provisions, such as caps on the salaries of the companies principals or limits on other financial arrangements, which will restrict the business actions. Long-term Finance What is long-term finance? Long term finance is basically holding an asset for a long period of time. Providing the type of security and a long-term asset can be hold as short as 1 year or as long as 25 years or more. Long-term finance also means funding which are obtained for a time frame exceeding the duration of one year. When business borrows money from a bank using long term finance methods, it will be expecting the loan to be paid back more than one year. Example, making payments on a 20 year mortgage. Long -term finance are usually for expansion of new markets, purchases of assets such as machinery, land and buildings and business growth through the acquisition of other businesses or properties. Its types of long term finance are as following :- Venture capital Venture capital is becoming an increasingly important source of finance for growing companies. Venture capitalists are generally very wealthy groups of companies or individuals which specifically set up for investment in developing companies. Venture capitalists are usually on the look out for companies with have potential. They are ready to offer money to help businesses to grow, in return the venture capitalist get some ownership of the company as well as share in the profits made. Venture capitalists usually are prepared to take projects which have a high risk and which some banks might not wan to get involve in. The advantage of this might be heavier because the possibility of the businesses losing some of their independence in making a decision. Example of venture capitalists who are also called as private equity firms are Hermes Private Equity Debentures If a company wants to borrow a big amount of money for a long but fixed period of time, it can borrow from the general public by issuing loan certificates called Debentures. The total amount borrowed is divided into units of fixed amount. These are debentures are usually offered to the public to subscribe in the same manner as it is done in the case of shares. A debenture is issued under a seal of the company. It is written for acknowledgement of money borrowed. It also specifies the terms the terms and conditions such as security offered, rate of interest and time repayment. There few types of debentures which are as following :- 1. Redeemable debentures and irredeemable debentures Redeemable debentures These are debentures which are repayable on a pre-arranged date or any time depending to their maturity provided the company wish and gives a notice to that effect. Irredeemable Debentures These irredeemable debentures are also called perpetual debentures. A company is not bounded to repay the amount during the period of time given. If the issuing company fails to pay the interest, it has to reclaim such debentures 2. Convertible Debentures and Non-convertible Debentures Convertible Debentures The holders of these convertible debentures are given the options to convert their convertible debentures into equity shares and ratios as decided by the company. Non-Convertible Debentures These non-convertible debentures cannot be converted into shares Mortgage Mortgage is a loan specifically for the purchase of a property. Usually businesses do not buy property through a mortgage. Mortgages are usually used as a security for a loan. This tend to happen with smaller businesses. Example, A sole trader running a florist shop might want to shift to a larger premise. They will find a shop with a price of $100,000. To give this sort of money, the bank will want to have some sort of security as a guarantee that if the borrower cannot pay back the money to the bank, the bank will be able to get back their money. The borrower can use their own property as a security for the loan, it is called taking out a second mortgage. If the business is not able to pay back the bank the loan then the bank has the right to take the house and sell it to recover their money. Using mortgage this way is a good way of rising finance for small businesses but it also carries a big risk. Advantages/ Disadvantages of Long-term finance Stability If we have a long term financing, that means we have a stability and no need to search for financing often compared to short term financing. This also means that it will be easier to project our cash flows and earnings as we will know our expenses every month. Short term financing does not offer these advantages, because we have to constantly renegotiate the terms of our agreement. Cost of Capital Having a long term financing gives us a better idea of the long term cost of capital. By this way we will have a better understanding on which projects are worth pursuing or not. IF we don’t have long term financing in place, our cost of capital may change all our negotiation of our terms. This will lead us to more confusion in figuring out what kind of profitability we are looking for in a project. Differences between short term and long-term finance Duration Most of the short-term financing occur over short period of one year, even though some of the sources can last up to three years or more. However long-term financing is like home mortgage which usually have a longer period of time up to 30 years. Interest Short-term financing is repaid over a short period of time, the interest cost to borrow the money will be smaller. However, long-term sources such as Bank loans which have high interest rate due to the amount of time taken to repay the capital. Types Short-term and long-term sources of financing differ in instrument type. Example of short-term sources includes leases, short-term commercial loans, account payable and bank overdraft coverage. However example of long-term sources includes retained earnings, finance leases, venture capitals and company shares Which one is more preferable to choose short term or long-term finance? Conclusion, it would be generally be better to choose short-term loan over a long term finance if the school Halls Creek High school budget allows it. This will increase the monthly payments as much as possible to take advantage of the lower interest rate. The combination of bigger the monthly payment and smaller interest rate will allow the school to have a bigger payment on the outstanding balance. This will help the school to pay less interest on the loan taken and end their mortgage sooner. . How to cite Short Term and Long Term Financing, Papers

Life After Retirement Essay Example For Students

Life After Retirement Essay LIFE IN RETIREMENT A PAPER PRESENTED BY GBOLAHAN I. OYEGOKE (PRINCE) B. Sc. (Ed. )Econs. , MBA (Mktng. ) ABR, ACTI, ACA HEAD OF PRACTICE Gbolahan Oyegoke Co Chartered Accountants AT THE POST RETIREMENT SEMINAR ORGANISED BY T. A. AMUSSAH SONS LIMITED (CONTRACTOR TO CHEVRON NIGERIA LIMITED) DECEMBER 6, 2006 PREAMBLE Retirement simply refers to the fact of stopping work because you have reached particular age or set criteria. Such criteria may be health, performance at work, conduct, options, takeover etc. Retirement can be delightful or devastating†¦ a dream come true or a dreadful nightmare. It depends on how one prepares for it. In Nigeria, the private sectors have a relatively better reputation for taking seriously their obligations to retiring and disengaging employees through the prompt payments of severance benefits and gratuities. Happily and commendably, the uncertainties, poor-record keeping, frustration and trauma which are common feature of pensions and terminal gratuity payments in the public service continues to be very minimal in the private sector. However, after putting 40 – 45 years of ones productive age in service of one company or the other, a research finding revealed the following: |Situation/Position at 65 years and above |Rating | |Very rich |1% | |Financially independent |4% | |Struggling to survive |5% | |Died in Service |36% | |Dependent |54% | |Total |100% | This trend could be traced to failure or deficiency in human capital development of many organizations. Corporate organizations often spend huge sum of money on capacity building that will benefit their business while neglecting the need for empowerment for â€Å"life after retirement† of their employees. In other words, corporate organization does not prepare their employees for retirement, from commencement or date of employment. Until very recently, post-retirement education was considered as personal issue of the retiring individual. There is a need for change towards this attitude as retirement or disengagement (forced or voluntary) is REAL. CHARACTERISTICS OF EMPLOYMENT You are always in financial need and this makes you depend on and look forward to your salary. †¢ You are under constant threat and fear of losing your job or being desolate. †¢ Prior to your retirement, you would have invested the most profitable prime time of your life in employment for a â₠¬Å"take home†. †¢ Often, you are in a company of over 90% of other employees returning to the work they hate to go to, and to see faces they are not too comfortable to put up with. †¢ You are compelled to live in a vicinity and neighbourhood you wouldn’t have chose to live in as your employment location has always determined where you live – if you will not be late to work. Your employer determines your leisure time and how to spend it. As a necessity, they must approve your leave/vacation time. They determine when you leave home, when you get back home, when you wake up and when you go to bed. In some cases, they determine when you procreate. †¢ Employment hardly makes your rich and your employer is not responsible for making you rich anyway. †¢ What you get paid as retirement benefits hardly cover your living expenses at old age. Most of the time, we allow our employers to plan (when and how) for our retirement. †¢ Most importantly, you r capacity to earn declines over time. You get to a certain age, you will be consider unemployable (experience, or lack of it). It is important that we remind ourselves that this seminar is organized for retiring employees who may not have had the benefit of pre-retirement enlightenment. We shall therefore concentrate on what is required of them to remain happy and comfortable, even while in retirement. In our clan and environment, there is always fear of retirement. To an average Nigerian, whether in self or paid employment, retirement connotes failure; it brings torment; it is consider shameful; it is often seeing as failure; many view it as weakness, especially if it is the decision of a self-employed person; many consider it as punishment; others sees it as bad luck; it simply remind us of loss of power and influence. We often get agitated and often raise questions on: †¢ What will I do after retirement? Where will I live in retirement? †¢ I do not have retirement plan, so how do I survive in retirement? †¢ Though I have a retirement plan, what if it fails? While the views above are fallaci es, the fear, the questions and many other issues often lead to criminal act such as fraud, stealing, falsification of age etc. THE DONT’S OF RETIREMENT Several private sectors retired and disengaged employees who were well and promptly catered for on retirement have ignorantly and recklessly slipped into the poverty circle within a very short period of their severance. This may be avoided if we attempt to desist from any of the following acts: a)Desire for new wife/(wives) The Progressive Era EssayYou must also resolve any differences that may exist between you and your extended or large family. Verily, verily I say unto thee, be friends to everyone in your family, you will need them now than ever and they need you. Boredom and loneliness breath depression and this may lead to stress, stroke etc. b)Be at peace with your GOD You certainly have less time to live than you have stayed on mother earth. Now that you are drawing nearer to your God, it is important that you resolve issues with your God. Forgive God for whatever, you consider unfair to you and forgive yourself of any short-coming in your life. Forgive your fellow human being for their â€Å"sin†. Pay attention to your religious tenets. c)Be Active Choose a retirement activity you really enjoy. It can be a part-time job, working as a volunteer, a hobby, or even a sport. Make that activity the focus of your life. It is wonderful to be able to spend time doing something you really like. Exercise regularly. It is good for the body and also for the mind. Exercise helps reduce tension and anxiety, and provides a sense of physical well-being. Eat healthfully. At age one to forty, we eat for taste and at forty and above, we are to eat for our health. Stayed tuned into the world around you. It is important to stay mentally alert. Newspapers, books, magazines, and television shows can keep you up to date on the issues of the day. Do maintain your physical and mental independence. For as long as your health and finances allow, try to handle your own affairs, do things for yourself, and live by your own schedule. Never be pushed by the expectation of others. Draw from your inner strength when personal or family trouble arises. You spent a life time learning the strategies of survival. Use your knowledge to help others. Do keep your sense of humour. Make small mental lists of jokes you can tell to friends. â€Å"Laughter is the best medicine†. Laugh, the world will laugh with you. Grump, and you will grump alone. d)Prepare your WILL Speak to a trusted lawyer and seek his advice on WILL. Preparation of will nsures that you set your house properly the way you want it to be when you might have gone to rest with your creator. It helps you to protect your household against themselves. Enjoy your birthday! Growing old is not a right, it is a privilege. Take good care of yourself for you may live more than you e xpect. INVESTMENT IN RETIREMENT The gratuity of any retiring individual has several competing necessities, needs and frivolous requests which we consider important now and in the nearest future. It is an established fact that our reasons for keeping cash and the volume kept can be broadly classified as: †¢ Transactional: we keep cash to meet up with our day-to-day needs (not want). Precautionary: we also keep cash to meet up with emergency needs that we do not envisage. †¢ Speculative: cash can also be kept to meet with â€Å"opportunities† that has returns which we consider satisfactory. In this light and as retiring persons, my humble counsel would be as follows: 1. Ensure you put in fixed deposit account, a sum that is not less than =N=2million or 33. 33% (whichever is higher) of your gratuity at a rate not less than 9%. This will assure you of minimum income of =N=15,000. 00 per month. 2. About 33. 33% may be set aside for investment in shares. You will need to secure the service of a stockbroker with integrity to manage your investment. 3. The balance of your gratuity may be apportioned to unit trust fund, investment in your spouse’s business, investment in your hobby (if you are sure it is capable of yielding good returns), investment in your current business, if any etc. At any point that you require to make investment decision it is important that you seek the advice of professionals. Ensure to document and legalize your transaction, no matter the partner you are dealing with. I pray that you will live longer than your expectation in prosperity and good health. God will grant you mercy and favour in your future endavour. Thank your for your time and audience while I beseech you to â€Å"keep thinking†.