Waching daily Aug 28 2018

There's also leaky gut.

Now leaky gut, how many people have never heard of leaky gut?

Okay, both of you.

So, there are tight junctions along the intestinal walls, and food gets broken down into itsy-bitsy

pieces, that's a technical term.

And then it gets absorbed in an appropriate manner into the bloodstream.

But if you create a hole there, then undigested food proteins and part of the microbiome and

chemicals get into the bloodstream where they're not supposed to be there.

Then what happens is the immune system, they all take out their iPhones, right, they attack

it.

Take out their iPhones and they take a picture of it and they post it on their Facebook,

and they say, "Attack anything that looks like this."

But it's an old iPhone that hasn't upgraded, its pixelated.

So, the immune system attacks anything that looks like it, like the thyroid, like the

microvilli, like the pancreas.

That's what autoimmune disease is.

The immune system attacking the body because of old iPhones and leaky gut.

So that causes inflammation and that can lead to cancer and the carcinogenic properties

that—the aspects that are carcinogenic from inside the gut can end up getting through

the leaky gut and causing cancer.

Now, glyphosate was originally patented to clean boilers and pipes.

Because it's a chelator, it grabs the minerals and strips them off the walls.

It is the most powerful widespread chelator.

All the different minerals, it grabs them and doesn't let them go, and that's what

drives many of its properties.

So, if it drives the property—if it takes the minerals from our food supply and makes

them unavailable, that is a precursor to so many diseases.

We heard Dr. Quillin in the opening remarks of this conference, talk about nutrition and

cancer.

If you block the mineral absorption, like for example magnesium, you may have hell to

pay if you're focusing on—if you're struggling with cancer.

Now in the last speaker and in several other speakers, they talk about mitochondria.

Otto Warburg talked about it, he's a Nobel Prize winner, he describes cancer as a mitochondrial

dysfunction.

It turns out glyphosate is a mitochondrial toxin.

There's at least three studies showing that it damages the mitochondria.

It also blocks—because it blocks these minerals, the minerals allow certain pathways to occur.

The cytochrome P450 pathway is very important to the body, it helps the liver detox.

And so, if you're not detoxing, then all the other toxins that are hanging around can

cause problems, and it can create—it can oversee what can be tumor preventing or tumor

causing.

So, if you're messing up the P450 cytochrome pathway you're in trouble.

It also messes up with shikimate pathway which produces the precursor to serotonin, melatonin,

and dopamine.

Which could influence—which could explain the influence of GMOs and glyphosate on mood

and behavior and sleep.

We also have non-alcoholic fatty liver disease, surging cancers in the United States, up five

percent each year between 2004 and 2009.

Well it turns out glyphosate and RoundUp cause non-alcoholic fatty liver disease, which is

now prevalent to about 25% of the U.S. population.

It causes non-alcoholic fatty liver disease.

Now our government has been in bed with the biotech industry.

It's a very big bed, there's a lot of industries in there.

And the EPA does not look at low dose effects of these chemicals.

They don't require any evaluation of really tiny amounts because they figure "Oh, it

has to be high amounts that cause problems."

Their science is nearly two decades old.

The amount of glyphosate, per body weight in these rats, that caused non-alcoholic fatty

liver disease, actually it's here, is 475,000 times less than the EPA allows in our drinking

water, in our diets, on a per body weight basis.

In other words, the tiniest amount of glyphosate is causing non-alcoholic fatty liver disease.

Now, glyphosate actually degrades to carcinogens, to sarcosine and also to formaldehyde, which

is a known carcinogen.

So, glyphosate is a probable human carcinogen, according to the IARC, and it degrades into

formaldehyde, which is a known carcinogen.

Now in a paper by Samsel and Seneff, they list a whole bunch of other reasons why glyphosate

might be causing cancer.

I don't think I need to go through any more details, okay?

We've got a sense that there is a link.

But RoundUp as a whole, the full formulation, is far more dangerous than glyphosate alone.

And the Environmental Protection Agency refuses to require tests on the whole formulation,

even though RoundUp can be 125 times more toxic than glyphosate alone.

And part of these so-called inert ingredients are 10,000 times more toxic than glyphosate

and also have endocrine-disrupting effects.

For more infomation >> How Glyphosate is Poisoning our Food Supply - Jeffrey Smith - TTAC Live Event - Duration: 7:03.

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How much is it to travel to Japan? Foreigners give their tips - Duration: 11:14.

For more infomation >> How much is it to travel to Japan? Foreigners give their tips - Duration: 11:14.

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The city of Des Moines is looking for your input on their performance - Duration: 2:29.

For more infomation >> The city of Des Moines is looking for your input on their performance - Duration: 2:29.

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Arsenal news: Fans convinced Aaron Ramsey is about to sign a new contract after this tweet - Duration: 2:47.

 The Welshman is currently stalling on extending his stay at the Emirates, despite having less than a year to run on his current deal

 Ramsey has refused to discuss his contract situation of late but is reported to want a significant wage increase to stay at Arsenal beyond next summer

 But many fans now believe his representatives have dropped a huge hint on social media this morning

 Avid Sports and Entertainment Group, who represent Ramsey, posted: "Hoping for some big news today!" And Gunners fans flocked to the post, responding in their droves hoping for some positive news about the 27-year-old

 "If its not a contract announcement i'm reporting you for disturbing the peace on Arsenal Twitter," one wrote

 "Better be Aaron Ramsey's contract mate. You've played on Arsenal fans minds more than enough

Today better be the day," another said. "I have everything crossed it's that Rambo is staying," said one fan

 "Please be Aaron signing a new contract!" added one supporter. And one very hopeful Gunner wrote: "Don't be trolling us boss please

If it's a Kenny Miller contract at Dunfermline I'm not going to be amused." Ramsey is not the only high profile star to be represented by Avid Sports and Entertainment Group but after the public discussion surrounding the player's contract situation, Arsenal fans are hopeful

 Speaking recently about the midfielder, Unai Emery said: "I spoke with him last week

I said, 'I want you focused only on training and only on the match, you show us the capacity to help the team'

 "The contract is another thing for his agent and the club, but we want – and I need – his focus only on training, on the match and his performance each day

 "I want the player to be focused only on Saturday. So that our players give our supporters quality and energy

" Ramsey played 90 minutes for the first time this season as Emery's side beat West Ham 3-1 at the Emirates

For more infomation >> Arsenal news: Fans convinced Aaron Ramsey is about to sign a new contract after this tweet - Duration: 2:47.

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What is Speed Down - Duration: 6:07.

Hi, my name is Ray.

If you're watching this video, you want to learn more about spend down.

You may have just found out that Missouri's Medicaid program, called MO HealthNet, will

help pay for medical care if you "spend down" your income.

So, what does that mean?

Spend down is a way for you to get MO HealthNet medical coverage even if your monthly income

is slightly higher than the program limit.

The FSD approved you for spend down because you live in Missouri and you're either blind,

disabled, or age 65 or older.

It can help you get the medical care you need!

Here's an example of how you can spend down your income to get MO HealthNet coverage.

Meet Tina.

She's 70 years old and she has regular doctor visits.

She sure could use help paying for them!

Problem is, Tina's monthly income from her teacher's pension is 100 dollars over the

MO HealthNet limit.

That means she makes a little too much money each month to qualify straight out for MO

HealthNet.

So the FSD approved her for spend down.

For each month that Tina wants MO HealthNet coverage, she has a chance to qualify by spending

down her income by 100 dollars.

Let's see how.

There are two ways Tina can "meet" her 100-dollar spend down amount.

The first way is to spend down her income by making a 100-dollar payment to MO HealthNet.

It's kind of like paying a premium for health insurance.

She can send it as a check or money order.

Because she sent a payment, Tina's coverage will begin the first day of the month.

Or, Tina can use the second way to meet spend down.

She can show the FSD that she and her spouse are responsible for paying at least 100 dollars

of their income for their own medical care.

To do this, Tina can turn in medical bills to the FSD showing the amounts that she and

her spouse are responsible for paying.

If she does this, Tina's coverage will begin on the day her bills add up to her spend down

amount.

Let's see how Tina meets spend down with medical bills.

She goes for a doctor visit in April.

Tina has Medicare because she's over 65, so the doctor's office first submits the

expense to Medicare to pay its share.

Tina had not met spend down when she went for the doctor's visit in April, so after

Medicare pays its share, the doctor's office sends a bill to Tina that shows the amount

she's responsible for paying.

Tina's share of the doctor bill is 75 dollars.

She submits the bill to the FSD.

Tina can submit medical bills to the FSD either before, or after, she and her spouse have

paid them.

Here are a few things Tina needs to know about sending medical bills to the FSD.

They can be bills for any medical services she receives, such as from a doctor, hospital,

pharmacy, or other health care provider.

To help meet her spend down, Tina can also submit bills for medical services that her

spouse receives and is responsible for paying, even if her spouse isn't approved for spend

down.

To show the FSD how much Tina and her spouse are spending down their income, each bill

she submits must list these six things.

The date of medical service, the type of medical service, the total charge, the amount of insurance

paid, if any, the amount of insurance write-off or discount, if any, the total amount the

patient, Tina, is responsible for paying.

So, let's get back to our example.

Tina's doctor bill in April only helped her meet 75 dollars of her 100-dollar spend

down.

How can she meet the other 25 dollars of her spend down?

Tina can either send a 25-dollar payment to MO HealthNet, or submit other medical bills

showing at least 25 dollars that she and her spouse are responsible for paying.

Using one of these two ways, Tina meets her 100-dollar spend down amount and gets MO HealthNet

coverage for April.

This means that any covered medical services Tina receives during the rest of April will

be fully paid for by Medicare and MO HealthNet.

We're almost done.

There's just one more thing you should know for meeting spend down.

You can submit bills for medical care you and your spouse received up to 365 days ago.

They must be bills you haven't already submitted for spend down, and bills for medical care

you received after you were approved for the spend down program.

Here's an example.

Let's say you suddenly find a medical bill from a few months ago.

You already paid your share of the bill, then forgot to submit it for spend down.

If this ever happens, send the bill to the FSD.

If it helps you meet spend down for a past month, MO HealthNet will pay the doctor for

your share of the bill, above the spend down amount, and the doctor may give you a refund!

Spend down isn't always easy to understand, so here's how to learn more.

Call the FSD Spend Down Unit toll-free at 855-600-4412.

We're here to answer your questions Monday through Friday, 8:00 am to 5:00 pm.

Or, visit the FSD website at mydss.mo.gov/healthcare and choose the box that best describes your

situation, such as people with disabilities, blind or visually impaired, or seniors.

Thank you for watching.

Please watch other DSS videos to learn more about programs that might benefit you and

your family.

For more infomation >> What is Speed Down - Duration: 6:07.

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Dillard's is hosting a luxury vintage pre-owned handbag event in September - Duration: 3:30.

For more infomation >> Dillard's is hosting a luxury vintage pre-owned handbag event in September - Duration: 3:30.

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Negative Goodwill | Know if it is Good or Bad? (with examples) - Duration: 14:41.

hello everyone hi welcome to the channel of Wallstreetmojo Friend today we are

going to learn a concept that is a tutrial on negative goodwill whether it is

good or bad then that is what something we are going to discuss over here as you

can see there is a example over here of Aareal Bank which completes a $350 million

Westimmo acquisition if you go down over here there is an article over

here which is written that Aareal bank completes and there's written in a

statement of Aareal say that the transaction creates added value for the

Aareal bank from the very beginning partly with the negative goodwill approximately

close enough to 150 million recorded upon the closing recorded upon the

closing of the deal in addition to the one of that effect the transaction will

make a positive contribution to the Aareal bank group of a consolidated

operating profit so after reading this we have couple of things that are coming

in into our brain so let's get into the nitty-gritty of the same the very first

thing what exactly is negative goodwill so we have heard about goodwill a lot we

have heard about goodwill a lot right so it is an additional business pull you

know basically which an entity enjoys due to a relation with the customer okay

it matters a lot standing in the market known the quality of the product and

services etc so it may emanate from the proprietary technology or patent or

it is holding and then intellectual property right it holds and so on and so

forth see an entity which is having a goodwill will basically be capable of

generating more business with less input so it's like if you have more in more

goodwill then in that scenario with less efforts you can generate more output

more output means more sales and so on and so forth as compared to the

competitors with lesser goodwill or no goodwill in case of lesser it is

going to be the wise vice other case ok now you have heard about

I mean my question is that have you heard about negative goodwill if not I

mean does it mean a bad reputation or something have you seen any entity who

is losing business due to its brand or its negative goodwill well it's not

so the negative goodwill literally does not mean that at all now what we learned

in our example over here we note over here then from the above the Aareal Bank

they completed the acquisition of West lmmo that was for euros of 350 million

acquiring a euro 4.3 billion performing European commercial real estate loan

book so this transaction added value to the Aareal Bank as 150 million euro and

was record recorded as negative goodwill which we just saw round over here upon

basically closing the deal so basically in this tutorial we look at what is

negative goodwill and how does it adds value ok so that's what we are going to

get into the details the first and foremost thing my my first

thing is what is negative goodwill what is negative goodwill so that is my first

and the foremost calculation or something conceptual which I'm going to

talk about say negative goodwill is termed as coined in the context of one

company that is taking over the another let's say that is company A and then

they'll say Company B so A is taking over B and it's it's a gain basically

occurring to a former when the consideration is wait for an acquisition

let's say A is selling to B okay so what is the goodwill that should be

calculated for A so basically it is again the gain according to the A when

the consideration is paid for the acquisition to B for the acquisition

and is less than the fair market value of its net tangible assets in literal

term negative goodwill implies a bargain purchase very important this is now the

important aspect to ponder here is that why would someone be willing to sell the

entity's assets below its fair market value it is as simple as that

why would sum would be ready to do something like that well any wise person

would think that the assets can be disposed off at a fair market price and

then why and why question for negative goodwill will arise in the very first

place so well let's look into this see there may be circumstances when which

may force such a situation the first situation namely is force or distressed

sell forced or distressed sell that can be the first and the foremost thing the

second very important over here recognition of measurement exception for

particular item which is discussed in IFRS three that is the international

financial reporting standard third any error basically in you can say in the

valuations of assets or an controlling or non-controlling interest in any

entity so that can be one of the reason see negative goodwill is basically is a

gain for acquirer entity who is the acquire over here B is acquirer

and A is acquirer and B is acquire

so negative goodwill is a gain for an acquirer entity and should be recognized

okay for recognized in its books but before that acquirer must basically A

over here must review that the calculation to ensure that everything is

arithmetical correct now there is even basically there should not be any

mistake made in the calculation of various element as negative goodwill

basically does not arise normally so after all buying a business costlier

than the market price being in a notion that we have acquired the same at a

profit is not a wise idea so once it is confirmed that the net result is gained

that is gained on acquisition once we have confirmed that there is a gain on

acquisition the resulting gain should be recognized in the books of accounts that

is in the profit and loss account of the acquirer

that is A any change in the management or control of the company you know of

valuation of the asset must be performed according to the general accepted

accounting principle which is known as GAAP okay see this exercise is commonly

referred to as in you know purchase price allocation PPA that is purchase

price a location see this is called so because the purchase price of the

acquired company over here the acquired is which company's been acquired A okay

so the acquired company over here the value of the acquired company over here

is greater than the value of the acquired assets so this may also be

understood as the whole company is greater than the sum of its parts so

then the additional value of the whole company over and above is referred to as

goodwill as simple as that so there are certain transaction in which the total

value of the parts put together as an individual assets acquired in the

transaction it exceeds the price paid for the total company okay so this is

commonly known as bargain purchase now the next thing the positive goodwill

example if we go for the next most important thing that we are going to

discuss is positive a goodwill now to to understand the negative goodwill you

know it's helpful to understand the positive goodwill beforehand okay so in

a typical acquisition scenario that was in our case of A

you know acquired tangible assets include like you know your dators and

then you have your inventory that is your stock you have fixed assets and so

on and so forth okay machineries planted machineries and so on and so forth so

there may be number of intangible assets in addition to the tangible assets

which form a part of the acquisitions and are seen as a value drivers so this

intangible assets basically all goodwill in any patent copyright trademark can be

a brand name can be a patent or certain technology but can be license positive

customer relationships having capability to have an additional business pool this

is some of the intangible assets so to pass the test of the allocation it is

mandatory that there must be a legal enforceable contract to use this assets

in the favor of the acquirer company that is in our case of A okay

so after allocating the value of all these assets any exists amount

left over is considered as positive goodwill I hope you got the idea

regarding how things will worked out so let's see the example on how things are

work out in case of goodwill now this is an example as you can see this example

will show the purchase price allocation for 5 million acquisition so we have

receivables over here we have plant and machinery over here land and building

data there are some intangible assets like patent and trademark we have

unallocated intangible assets like goodwill and purchase consideration okay

so basically what we can see from the above that the fair value of the assets

which has been taken over over here is close enough to $4.2 billion

that is USD 4.2 billion million dollar which effectively means that the

price paid over and above the fair value of the asset is positive goodwill that

is close enough to 0.8 now you have got the idea regarding the positive

goodwill let's see some example on negative goodwill see most of the time

when you know business purchase basically see basically what you just

saw purchase consideration is how much as you can see 50 that is 5 million

right and the goodwill is 8 lakh so the difference is going to be your

assets okay so basically your assets unless your purchase consideration is

going to give you a balance in figure and that balance in figure is your

goodwill now let's see some negative goodwill example see one most of the

time business acquisition transaction happened would result in positive

goodwill there may be some instances where the fair value of the assets that

have been taken over is more than the price paid for the acquisition there's a

scenario typically results in to negative goodwill and generally it is

termed as we just discussed known as bargain purchase so using the same

example used in this particular scenario if the purchase price of the deal let's

say over here is 4 million instead of 5 million instead of 5 million

let say it is 4 million so the purchase allocation would be somewhat like this

as you can see all of the details remaining the same your complete assets

that is your tangible assets then your intangible assets it will remain the

same the only changes is your purchase consideration so when your purchase

consideration has been changed to a 4 million what do you see your goodwill

goes negative so you're deducting 4 million from all

this total so you basically this total is greater than your purchase

consideration then in that scenario goodwill will be negative if we revise

again we say that if all this value of the asset if that is less than the

purchase consideration that amounts to positive goodwill I hope you got the

idea now this type of scenario basically calls in additional analysis okay that

we will look shortly there are some signs you know which gives a negative

goodwill idea see there are several indication which suggests that you know

the transaction may be bargain purchased so some

indication sign of bargain purchase included like you know the acquired you

can say the acquired company has incurred a financial losses and in the

recent past or has been being in debt and is not able to service its debt the

second is that the net book value the NBV the net book value of the assets

taken over is more than the purchase consideration that has been paid okay

third that can be that the transaction has been carried out

secretly when possibility of the higher value is not been explored so you can

say over here I can write secretly the transaction has been taken conducted

secretly the fourth thing is that you know the a single bidder has taken

advantage of the situation and the absence of the in absence of the other

bidder so I'll just write single bidder over here as a pond as a part of the

PowerPoint the deal fifth one the deal has been finalized in a very haste

situation or in a haste condition within a very short span of time that can also

lead to negative the seller was compelled to sell the business against

his will or in a desperate situation then that can happen the seventh one is

that the existence of the very fact that the acquirer has more knowledge of the

acquired business so there should be a very strong reason as to why the

transaction is a bargain transaction and and the same should be documented

properly as to why a bargain purchases represented you the fair market value of

the assets taken over so if the purchase flies allocation cannot be articulated

precisely as to why the purchase price the location should be should have

negative goodwill this will call for a revaluation of the fair value of each

and every assets so in the absence of the above based you can see over here it

may be concluded that the fair value of the overall business

is more than the value of the purchaser consideration that is a purchase price

this means simply means that the transaction did not happen at the fair

value in such a situation the concluded fair value is the amount allocated to

the acquired assets and any excess amount or and about the fair value of

the business would be treated as extraordinary gains so finally to make a

final conclusion on the about the prime most implication of the bargain purchase

is that the gain of the buyer if it is a purchase below the fair value of the

acquire assets a bargain purchase gain should be recognized at the time of the

acquisitions and recorded as extra-ordinary item extra-ordinary

income basically extraordinary income so that is at the basically the date

of acquisition and however it is important to note that this is a gain for

a purpose of accounting or accounting only so this would no way to be

included in the calculation of income subject to taxes thank you everyone

For more infomation >> Negative Goodwill | Know if it is Good or Bad? (with examples) - Duration: 14:41.

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Overhead Cranes: Single Girder vs Double Girder Design - Which is best? - Duration: 4:31.

- When you're in the designing phase

of your new overhead crane,

one of the aspects that you'll have to cover

is whether or not you need

a single or a double girder design.

Well, which one is best and how can you tell?

Welcome back to Cranes101.

(rock music)

What's up guys?

Devon here from Mazella Companies

and today we're gonna cover a couple different things.

First, the differences between single girder

and double girder bridge designs.

We're also gonna talk about the advantages

and disadvantages of both,

and most importantly,

probably the reason you clicked on this video,

is how to determine which one is the best design

for you and your business.

So, to help me tell this story,

I brought back Chris Whitney,

who I'm sure you know and love by now

from our previous work.

And we start by talking about the difference

between a single girder and double girder design.

- Double girder bridge crane uses two bridges.

So, your hoist is actually riding on top of the bridge.

Also, you may see in some special circumstances

the hoist will actually ride between the girders.

Basically, what that does is gives you

a better hook height than the single girder crane

where the hoist is riding on the underside of the beam.

- So, in addition to hook height,

capacity seems to be a clear winner

when it comes to going with a double girder design.

But, when is a good time to go with a single?

- So, someone would favor a single girder

versus a double girder crane

when they don't have the space.

So, because you're riding a hoist

on top of a double girder crane,

you're chewin' up a lotta space.

However, you can notch the beams

and actually drop the girders down

to account for that space.

However, you're basically getting yourself

back into a single girder hook height.

Again, a double girder crane also costs more

because there's more materials

and more consideration with regards to engineering.

- So, it comes down to floor space

and what you have available and cost,

how much you can budget for this project.

So, when would you rather go with a double girder design?

- Someone would want a double girder crane

over a single girder if hook height is an issue.

Again, everything comes down to an existing space

or a new space and what's allotted for the crane.

So if hook height is an issue,

but you've only got a certain amount of height

to the building structure,

you're gonna wanna use a double girder crane

where the hook actually goes up

in between the girders and allows you to get

your load higher.

- So, one thing that a lot of people really don't know

is that you could bring in your overhead crane manufacturer

in the design process of your building.

That way, when you're spec-ing out your floor space

or if you're trying to figure out exactly

what needs to go there,

you can not only know exactly where

your overhead crane's gonna go,

but you could bring it in early, get it installed

and use that to help the rest of the installation process.

But, back to a single versus double girder design.

So, let's say you're gonna go with a single girder.

There's gotta be some disadvantages, right?

- The main disadvantage of a single girder crane again,

is the hoist height.

Your hoist is riding on the underside of the girder,

so your hook can only get so far up.

A major advantage again, would be your cost.

It does cost a lot less than a double girder crane does.

- So, how difficult is it to determine

which design is better for you?

- Let's say you have a change in your production.

You're lifting longer loads or taller loads.

You're gonna need to have that extra hook height

in order to get the load to the place

that you need it to.

- Hopefully, this video was able to help give you

a better understanding of single girder

and double girder bridge designs.

Specifically, the differences between the two,

advantages and disadvantages of both,

and the best way to determine what exactly you need.

Now, if you like video,

don't hesitate to like and share it

with your friends and coworkers.

Specifically, if you know that they have

an overhead crane purchase coming up.

They might have the same question that you had

and hopefully we can answer it for them

just like we answered it for you.

But, I get it if you're not quite ready to call.

So, what we did is we developed a free resource

just for you. If you click the link above,

it'll take you to our free overhead cranes e-book.

It's built to teach you as much as we can

about overhead cranes

before you make a phone call or make a purchase.

The goal is to make you as informed as possible,

so you don't make a mistake.

And if you need additional help,

don't hesitate to reach out

to one of our lifting specialists.

They'd be happy to help you however they can.

(rock music)

For more infomation >> Overhead Cranes: Single Girder vs Double Girder Design - Which is best? - Duration: 4:31.

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Today is KOAA Day at the Colorado State Fair - Duration: 2:42.

For more infomation >> Today is KOAA Day at the Colorado State Fair - Duration: 2:42.

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Today is KOAA Day at the Colorado State Fair - Duration: 3:15.

For more infomation >> Today is KOAA Day at the Colorado State Fair - Duration: 3:15.

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Management Discussion and Analysis | What is MD&A | Examples - Duration: 17:17.

hello everyone hi welcome to the channel of Wallstreetmojo friends today

we are going to learn a concept that is on MD&A that is management discussion

and analysis over here we are going to discussed a few of the examples also so

let's get in to integrity of the same the first and the foremost thing

as you can see over here is Colgate-Palmolive companies table of contents

there are many of the things like business risk factors and so on and so

forth but we have to look at the item number seven which shows us as

management discussion and analysis of financial conditions and result of the

operations so they were for the very first in the foremost stage what is MD&A

see the annual report of any company when he listed company or as listed by

Colgate contains a separate section by the name as known as MD&A and a that is

management discussion and analysis see the MD&A section includes various topics

that includes like macro economics you have macroeconomic performance of the

industry the company's vision and then you have your strategy and some key

financial indication and so on and so forth so as an investor that is very

very insightful information provided by the company to the correlate of

macroeconomic parameter and the performance of the company and so on and

so forth of the company in light of them so the section containing the MD&A is

included in the company's annual report and you can say in addition to a similar

section analyzing the company's financial performance and decoding of

the financial ratios and various indicators of the for the investors so

management discussion and analysis one of is one of the most useful sections

for the financial analysis so let's get into the detail the first in the

foremost thing what is the difference between MD&A and the audited financials

so as for SEC an independent accounting firm should perform an annual

audit of the company's financial statement and provide an opening on the

material misrepresentation

however auditors are not required to audit the management discussion and

analysis this it is not to be done but yes this is to be done the audited

financial so they are not required to order

the management discussion analysis section MD&A section is basically an SEC

filing and are the opinion of the management about the company's financial

and business health and provides detail of its future operations

so what detail must you look in MD&A as simple as that see the corporate world have

adopted the MD&A and basically you can say that you know the route to

demonstrate their commitment to the company's vision and strategy so how the

management has created the value and delivered performance in light of that

long-term goals so when the term management is referred throughout is

throughout this topic it will be involving complete structure there'll be

a complete structure here in case of the organization including the Board of

Directors you have CEOs in all the Chiefs involved in the same and the

reporting officers that they're basically reporting officers controllers

and so on and so forth the human resource department finance marketing

production operation and remaining middle and lower management levels so

hence MD&A it is not only to dissects financial figures and results but also

looks into the human resource and operation is this side of the business

which the fundamental and the key factors to any business organization is

the first of the foremost thing is MD&A1 that is the execution overview and

outlook see executive overview that is the next one that is what we are

studying is we are going to discuss as executive executive and overview and

outlook okay so executive overview outlook section focuses on details of the

business number of segments it has the geographies and they they operate it all

supports detail on the focus areas of management and how they look forward to

achieving the business and financial objectives now this is your executive

overview and outlook how this has been written operationally the company's

organized along with the geographical lines and management teams they have

approximately 75% of the company's net sales are generated from the market

outside India so geography has been different it has been discussed 50

percent the company's net you can see sales coming from the emerging markets

from this areas in the geography diversity and balance helps to reduce

company's exposure to business and other risk in wind in any country or the part

of the world so this is the executive our overview and outlook see

Colgate uses variety of the indicators to measure the business health and this

include the market shares net sales organic growth profit margins gaap and

non gaap income cash flows and return on capital

so Colgate also notes that you know it expects global you can say

macroeconomics and market condition to remain highly challenging in category

growth rates continuing to be very slow the second thing that we are going to

discuss over here the discussion on the results so you can see discussion on

results of operations now in this section the company discusses the key

highlights of the current financial or the current fiscal period financial

performance in this basically management provides details of net sales gross

margins selling in general admin cost income taxes and so on and so forth also

basically provide the details of any dividend declared and its payment that

is the payment details are as follow we can see from the following

table see as you can see over here this is the details regarding the result of

the operations net sales was this it was down by 5% then internet selling price

increase by 2.5 and there all of the details are regarding you know the

volume has increased by 1.5% and so on and so forth so they called

Colgate's net sells is down over here by 5% in 2016 as compared to 2015

due to the volume decline of 3% close enough to 3% and negative

foreign exchange impact of close enough to 4.5% the colgate notes to the

organic sales of oral personal and home care ok a product segment increased by

around $4 basically in 2016 let's see some of the discussion on the segment

results see the company also provides you to detail on the individual segments

it contribution to the overall sales growth rates and the performance measure

let's see that you can see the segment details over here the company markets

its product over here they call Colgate operates in close enough to 200

countries with primarily two segments that is the oral and the personal and

home care and the pet nutrition segment so this is how the details has

been divided of oral postal and the home care situation in North America the

fourth thing that we are going to see over here let me write over here the

third was what we saw is the segment that is discussion on the segment

results so I'll just write over here segments now the next is the discussion

that we are going to do on non-gaap financial measure just right over here

non-gaap financial measures see generally what happens is that you know

the company uses non-gaap measures for the internal and budgeting segments

evaluation evaluation and understanding over performances so therefore the

management shares the information with the shareholders so that they can get a

better insight into the financial performance of the company as you can

see over here this table provides a quantitative reconciliation of net sales

grow to the organic sales growth for each of the year of 2016 and 15 there

are there are details of Personal and home care data over here offer and the

organic sales growth so the about table towards a reconciliation of net sales

growth of gaap to the non-gaap okay measure of the Colgate's the next step

we are going to discuss is the liquidity and the capital I'll just write for you

liquidity and cap capital resources okay so now this section provides you the

detail of the cash flow rate in issuances that will help you to meet the

business operating and recurring cash needs

so you can see the liquidity in the capital resources and the cash flow

details over here the over here we can see that the Colgate generated close

enough to 3141 in 2016 and it's cash flow that was their cash flow

from the operations and its cash flow from the investing activity was close

enough to $499 and then after additionally the cash flow

from the financing activity was then was an out go of 2,233 in

2016 so additionally the long-term debt including the current portion of

the debt decreased to close enough to 6520 in 2016 the next thing

of management discussion and analysis the sixth point that is the off-balance

sheet arrangement off balance sheet arrangement now in this scenario this

section provides you the details of of any balance sheet financial arrangement

if the company has entered into like you know the company does not have any

off-balance sheet if it is usual it is everything that you know the company

does not have any off-balance sheet financing or uncommon solicited special

purpose entities so colgate does not have basically any off balance sheet

financial financing arrangement the seventh point of management discussion

analysis in this section is managing your foreign currency so that is your

next item is foreign currency interest rate commodity pricing and credit risk

exposure so in this section the company discloses how it manages its currency

risk interest rate risks and the price fluctuation so managing the foreign

currency you know let's let's see basically how the details go about

as you can see over here this is how the details has been disclosed for managing

foreign currency interest rate commodity pricing and credit risk exposure

now the colgate manages its foreign currency exposure through cost

containment measures sourcing strategies selling price increases and the hedging

of certain cost to minimize the impact of the earning of the foreign currency

rate moments second the company manages over here its mix mix of fixed and

floating rate of debt against its target with the debt issuance and by entering

into interest rate swaps in order to mitigate the fluctuation in the earning

of the cash flow and you can say that may result from the interest rate

volatility the third is futures contracts are used in on a limited basis

to manage the volatility related to anticipated raw material inventory

purchase of the commodity now the eighth one the eighth is basically the critical

accounting policies so I'll just write accounting policies over here in case of

the accounting policies in this section the company management discussion and

critical accounting policies that have meaningful impact on the financial

representation of the company's health now this is how the things go about for

the same the shipping and the handling drawers may be reported either a

component of the cost sales over here the company accounts for inventor using

the FIFO method and 75% of the invent of 70% of the inventory and LIFO for

20-25% as it is so we need from the we note from the about that Colgate

uses both FIFO and LIFO method for the inventory valuation and from the

above-mentioned details a fair idea can be taken as to what kind of information

disclosures today's corporate world is required to make to make an accountable

to the investors community and society at large as well as the transparency in

the reporting since the management is well positioned then the stakeholders

who are the outsider to provide information regarding the performance of

the company based on such management's analysis only certain presence actions

taken by the company can be justified and a walk towards the committed goal

can be demonstrated by the management now the next in the for thing is how

does the MD&A help see MD&A helps in understanding the operations basically

and look at the next sheep so MD&A helps in understanding the operations and

financial results in a better light MD&A has a certain definite objective which

can be as follow like you know the first one is like you know in it enables the

readers of the financial statement to understand it in better ways of number

in numbers financial conditions and to get into management shoes to understand

certain strategic and operational decision which are bold and largely

impacting the future performance and position of the company so basically you

can say the understanding portion is really a great sense over here

understanding the second is additional supplementary and complementary

information provided in MD&A and a will help the readers understand what exactly

the financial statement that will depict here and what is not reflected the third

is you can say that you know the addressing the investor perception

towards the risk associated with the business operations and outline the past

tends to indicate the management efforts towards mitigating those risks and

leading the path towards the future financial statement now what is the

format and the extent of the information that MD&A should reveal so for the same

there are really details that we should evaluate the first and the foremost

thing over here is that you know you can note from the dimension objectives you

know that we have discussed over here and the governing regulations in India

there is a prescribed and constantly followed practice of how the information

is presented in the annual report however neither is there any

comprehensive reporting format prescribed by the government in this

regard and nor can we notice any universal practice that has been there

for the same so the accounting professionals and the governing

institution acting in respect of the countries might provide guidance for the

presentation of MD&A like for example FASB that is the financial

accounting standard Authority advisory board okay FASAB in the United States

has issued a recommended accounting standards on the management discussion

and analysis with the first draft by publishing in January 1997 which can be

accessed using the FASAB standard on MD&A in India so in India basically there

is no standard or guidance note in this

behalf however there is a company called ICSI that is Institute of the Institute

of the Company Secretaries of India has issued a reference note on the boards

report under the Companies Act 2013 series but leaving MD&A

presentation to the interpretation of the industry say taking note from the

another prominent institution guidance on management discussion and analysis

you know the Canadian performance reporting board has laid down certain

principles based on MD&A and should be prepared those principle are like you

know the first one is like through the eyes of the management as this right

over here through the eyes of management now in this case what happens is that I

know the company should disclose information in the MD&A that enables the

readers to view it through the eyes of the management second is integration

with the financial statement MD&A should be complemented as well as the

supplement of the financial statement you can see a third is completeness and

you can say materiality and materiality case materiality see in this case the

MD&A should be balanced complete and fair fair as well as the provided

information that is material to the decision-making needs of the users FASAB

has described the requirement in other words saying that MD&A should

deal with the vital few methods there are some of these strategic perspective

also like you know the MD&A should explain management strategy for

achieving the short-term and long-term objective the the fifth one is the

usefulness to be useful MD&A should understand the relevant comparative or

comparable verifiably verifiable and timely so conclusion in conclusion in

the light of the increased participation of the retail as well as the foreign

investors in the capital market in the recent years a more comprehensive and

transparent mechanism of information dissemination is always required so this

is because MD&A basically you can say must provide insightful and

sufficient information to the stakeholders community to analyze

companies based on the performance and help better mobilization of capital this

is more required in India especially after the economic survey of close

enough to in 2017 which depicts that India has beckoning sweet spot in the

darkness of the world economic MD&A is being one

of the very efficient way to provide meaningful and a highly useful

information to the investors and improvement any in MD&A and in

presentation format will lead to a good corporate governance that is your CG and

practices and a healthy relationship between the companies and the investors

community

For more infomation >> Management Discussion and Analysis | What is MD&A | Examples - Duration: 17:17.

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Is it Bad to Eat Flour-based Food at Night? - Duration: 9:32.

Is it Bad to Eat Flour-based Food at Night?

They usually say that "what you eat for dinner is stored in your body." This saying is based in the idea that, after eating, you go to bed.

Then, your body doesn't have the ability to digest the food.

Because of this, you may think that it's bad to eat flour-based food at night.

In this article, we'll tell you if this hypothesis is true.

Food and hormones.

Before talking about eating flour at night, you need to understand how your hormones function.

In addition, you need to understand the role that they carry out in your day to day life.

Those that suffer from obesity usually eat out of anxiety or addiction and not because of hunger.

This is due to the production of serotonin.

This hormone has several functions.

Among these, serotonin regulates your appetite, controls your body temperature, and plays a role in regulating your mood.

Serotonin is controlled by two areas of your brain: the penal gland and your hypothalamus.

Both areas "work" according to light and dark.

Because of this, this hormone is more active during daylight hours.

After the evening, it falls and starts to cause feelings like depression, nervousness or anxiety.

This means that at night, it's more likely that you'll binge eat than in the morning.

But this doesn't end there.

This is because this hormone "chooses" what elements it wants to eat.

Of course, it doesn't choose healthy foods, like fruits or vegetables.

Instead, it chooses sweets, carbohydrates, fats, and salty foods.

Wheat and depression.

Many people who struggle with being overweight or obese suffer from anxiousness.

This is because they eat foods with flour or sugar (or both) to relieve their distress.

These foods have antidepressant and sedative effects.

They're also very toxic for your health.

This is especially true if you eat them at night.

Sadness or frustration go hand-in-hand with the uncontrolled need to eat flour-based food at night.

Eating refined carbohydrates causes an increase in weight gain and difficulty losing it.

Eating flour at night isn't "bad".

The problem lies in the amounts.

Plus, the act of going to bed instead of having a chance to burn them after eating them doesn't allow you to get rid of the added calories.

This is due to the fact that this ingredient is slowly digested.

This can cause stomach or intestinal problems (acid, flatulence, constipation, etc.).

Another thing you need to keep in mind is the addiction caused by foods that use flours.

When you get cravings, you end up choosing pasta, bread, cookies, etc… This is because they have the ability to satisfy your appetite.

But above all, they reduce your nerves or sadness.

Removing carbohydrates from your diet isn't a good idea.

However, it's recommended to reduce the amount of them you eat at night.

For breakfast or lunch, they're necessary.

This is because they give you the energy you need to perform your activities.

Then, you "burn" them over several hours.

This doesn't happen with dinner.

After all, you don't need fuel for sleeping.

On the other hand, you need foods that are easy to digest like fruits and vegetables.

This way, you go to bed lighter and it's be easier to get to sleep and not gain weight.

How can you prevent flour cravings?.

In theory, avoiding flour-based foods at night makes sense.

But when you want to put it in practice, it isn't quite so easy, right?.

There are some "tricks" for reducing cravings.

These work for avoiding eating a lot at night, too.

This way, flours don't make part of your dinner and you can lose weight little by little:.

1,Exercise.

Exercising helps in many aspects.

For instance, it helps with your physical condition and reduces your weight.

Also, it acts as a stimulus for your mood.

With half an hour per day of moderate exercise, you can control anxiety, stress, and depression.

2,Eat more fruit.

Always having a bowl of fruit is one of the keys for not tempting yourself with carbs or sweets.

These foods keep your blood sugar levels stable and satisfy your appetite.

Also, they have a lot of water, fiber, and vitamins.

The next time you want chocolate, decide to choose a delicious apple or banana instead.

3,Drink a lot of water.

Sometimes we confuse hunger with thirst.

Then, instead of drinking fluids, you open the fridge and eat something.

Instead, if you stay hydrated, it's less likely that you'll get cravings at night.

4,Listen to your body.

It's one thing for your stomach to growl from hunger.

It's something totally different to eat something just because you have a craving.

A good way to tell the difference between these feeling is to analyze what you want to eat.

If the first thing is a cookie or french fries, then you aren't hungry.

If you really were hungry, you could eat anything without caring what it is.

5,Leave empty space in your stomach.

Stuffing yourself with food at dinner is really bad for your health.

People usually abuse the amounts because their eyes are bigger than their stomach.

Or, they eat very quickly and their stomach doesn't have time to signal that it's satisfied.

Chew each mouthful well and leave space between meals.