The Wright Brothers Research Paper Example | Topics and Well Written Essays - 1250 words

The Wright Brothers - Research Paper Example Before they developed the first aero plane, they had a shop with bicycles, motors and printing press in Dayton, Ohio (Palamana, 20). Their bicycle work greatly influenced their discovery as they learnt with time that an unstable object could be controlled with practice (Fred, 109). They were so enthusiastic about photography and it soon became an important part of their new discovery. Their new portable cameras enabled them to learn from the mistakes they made and also it was used as proof of their eventual success (Wright, 223). Their achievement was basically both artistic and technological bearing in mind that the artists were among the first ones to celebrate their discovery (Gavin, 73). Soon after, they found out that their invention was not warmly received in their home country and they set off for Europe in 1908. While in France, they encountered a more willing society and they consequently enjoyed celebrity lifestyle which included constantly being hosted by the royals, state presidents and the press (Gaffney, 220). They could also sell their aero planes to other European nations before returning to the United States in 1909. To date, the Wright brothers are credited as the pioneers and inventors of the first successful airplane and the first powered and sustained heavier than air human flight (James,

Financial analysis for Performance management Research Paper

Financial analysis for Performance management - Research Paper Example After the merger, there is a substantial increase in the companys capital as well as a decrease in the liabilities. It shows that the company position to meet its financial obligation has improved after the merger. The equity multiplier calculated for the period before the merger shows that the company had funded a huge share of its assets using debts. After the merger, the company gets the additional capital that boosts its books, but still ratio remains relatively high. The interest cover ratio for the period the merger shows the company was not in a position to pay it interests obligation, the company made a loss. In the period after the merger, the period ended 26 July 2014, the company is in a better position to cater for its interest obligations though there are more interest obligations as results of the increase in debts. The gross margin shows the portion of the total sales that is left out after accounting for the direct costs related to the production of the goods and services. The gross margin ratio is within an acceptable range. There is increased in sales revenue in the period ended revenue in the financial year ended 26 July 2014 and point to a more efficient selling capacity. The fixed asset turnover ratio calculated is seen to increase over the period. The higher ratio in the period after the merger shows that the efficiency in utilising the fixed asset to generate sales has improved. During the period that ended 27 July 2013, the company was in a very poor position to meet its financial obligation. The company made a loss. After the merger, that is, the period that ended 27 July 2013, the company made a profit and can then be able to meet its financial obligations as and when they become due for payment. Therefore, the lender can now confidently trust to lend the firm without risking default. To the company management, I recommend they ensure the profitability trend is