Finance Essays Financial Management

Finance Essays Financial Management Role of financial management in Wolfson Microelectronics plc. TASK 1: Financial management is related to the acquisition, financing and management of assets with a future goal and planning. Efficient financial management requires the laying down an objective or goal, because judgement whether a financial decision has been rightly taken or not must be in light of some standard. The most important goal of a firm in financial context is to maximize the value (wealth) of firm and of the shares holders’ wealth. Maximizing the wealth of share holders (owners) of the firm is judged by the effect of share price which is the result of business decisions. Thus we define role of financial management into three areas: Investments: Investment decisions for an investor are based on historical prices and security analysis of financial assets such as stocks and bonds. However from company’s point of view investment is all about finding out new feasible ways to manage the business mainly in area of production, distribution and marketing. Further more, company also considers which portfolio of the different types of financial assets to hold. A common example could be common stocks, preferred stocks, bonds and debentures etc. With regard of Wolfson Microelectronics, it made investments in Research and Development of capital equipment and soft wares to $10.6 m alone in 2004. Furthermore, company has intentions to significant contributions to research in the future. As a result value of fixed assets rose to $ 29,680k in the year 2004. Wolfson unveiled two main ideas behind putting capital expenditure (long-term investments):   to time the market requirement decrease production cost by constant research and design Wolfson clearly showed its intention not to distribute retained earnings among its shareholders due to the need of capital expenditure in future projects. The future electronics market belongs to consumer’s digital portable stuff. Wolfson’s management is planning to contribute in this huge market share around the world, making it sure they keep alive with the high demanding consumer market in the future, though they are newly born public listed company in the London Stock exchange. 1. Refer: Balance sheet figures (Pg. 53) of Wolfson Microelectronics plc. Annual  Ã‚  Ã‚  Ã‚   Report and Accounts 2004 2) Financing: This is the second major issue of the firm as the management needs to ascertain How much money could be available by floating stocks in the market? Based on both factors, a company forms its capital structure. This is also referenced as ‘finance mix’. How much money they could borrow to run their business with getting in trouble of getting default or excess borrowings. Wolfson raised investment money to meet their requirements by issuing stocks (an increase of $ 9105 k) and increasing debt by $ 8273 k. In other words, it financed its projects by issuing stocks and bonds to its stakeholders. Wolfson plc. also mentioned financing of $1204 K as negative-inflow stream as compare to   $39,364 K   in year 2003 in the form of share capital issues and bank term loan. (3.) 3) Dividend policy:   In addition to two important decisions, dividend policy must be viewed as an integral part of the firm’s financing decision. The dividend payout ratio determines the amount of earnings that can be retained in the firm. Dividend payout ratio = Annual Cash dividends Annual earnings Wolfson paid equity dividends of $ 407 K in year 2003 but no dividends were paid in year 2004, but on non-dividend equity, company did not pay dividends to its shareholders. So the dividend payout ratio is Zero for year 2004. As described earlier, it has been clearly mentioned in the annual report to retain all future earnings for investment in development and expansion of business and the management does not expect to pay dividend at least for some years in future. (2.)   However, this is not an encouraging sign for shareholders of Wolfson because stock investors often judge performance of the company stocks by their growth which is possible by declaration of dividends. 2.Refer consolidated cash flow statement (Pg.54) of Wolfson Microelectronics plc. Annual Report and Accounts 2004 3. Notes to Cash flow statement (Pg. 72) of Wolfson Microelectronics plc. Annual Report and Accounts 2004 If we combine the effects of the financing, investment with dividend policy, the relation could be in a shape of three schools of thought: Some argue that Dividend policy is irrelevant because for a company investment and debt decisions are not relevant by the amount of dividend payments. This is also due to the fact when we say that capital markets are perfect and complete and all information is available regarding market conditions and its constituents (companies). Some say that High dividends increase Stock value. They provide the reason that dividends are more certain than capital gains (price growth of the securities), so a firm which is paying less returns but sticks with the dividends is more attractive for the share holders.   Thirdly, low dividends increase stock value because some argue that dividends actually hurt the investors in shape of taxes, so less dividend income means less tax deduction for the shareholder. TASK 2: Is Wolfson successful to satisfy needs of Shareholders? Certainly not according to the annual report 2004. As we discuss earlier, stock investors are not impressed at all knowing the fact company is not paying dividends, but one has to consider that Wolfson is a new public listed company in London Stock Exchange which has a great impact of its group directors holdings. If we look at the current price trend of Wolfson Micro Electronics plc. (source: uk.finance.yahoo.com), we find that there is good improvement in market price as it is trading above 200p per share from Sept, 2005 to date. The volume of the stock traders is also increased from July onwards, although in odd days there are sudden fall in price and volume which is bit worrying for shareholders. Chart 2.1 But the good aspect is Wolfson stock is performing above average as compare to FTSE index. If we see the chart 2.2, creating good price increase from beginning of this year. Chart 2.2 Let’s talk about the expectation of shareholder and growth rate of stock price in absence of dividends (as in the case of Wolfson). As shown in chart 2.3, if there is a decline in dividends, as a result the expectation level will also be decreasing and so as the price of the stock. A rise in the dividend growth then put the expectation of the investors at increasing level as well as the growth in stock price occur. Chart 2.3 Would it be better if Remuneration package for a Director is based on Shareholders wealth? The concept of shareholder’s wealth arises from the theory that a company should only work solely for the benefit of these people and has responsibilities to its owners. That could be an effective style in management and it sounds very good for the investors. Following points should be observed in this regard: If company is giving dividends to its share holders from the reserves allocated in the company retained earnings then there is a secure feeling for stockholders that they will not lose all of their money if company goes bankrupt. Management if decides to use dividends for increasing future value of the firm by utilizing them in capital expenditures, then this also makes sense for a firm like Wolfson that is involved in digital technology. We know that innovations and inventions are constantly taking place in this industry which means high proportion of firm’s money is spent on RD of new products. We have to bear in mind that distribution of dividends also require transaction cost for a firm to pay in the shareholders account plus dividend   income is taxable for shareholders. Knowing these facts, if were a Director of Wolfson I would not decide in company’s meetings not to distribute dividends to our shareholders at all for number of years. Rather than I would continue to give shareholders at least some amount of returns in form of dividends. Why I should go for the decision, this is because of following reasons Directors and top management are bound by fiduciary duties to act in the good interest of shareholders. Value of my firm will increase if shareholders have more trust in our performance. If we allocate a portion of profit towards them that means that as Directors of Wolfson, we give respect to our shareholders even in tough period of our business cycle (we know our company is new to the stock market but has opportunities to capture its share in the market). Moreover, total shareholder return of Wolfson would be lower than its competitors in the market because when stock investor compares the performance of different companies for his investment, it would be inevitable that share price appreciation and dividends paid are not in a row in our company. The reference group of companies (having similar business) in same sector would also pose threat for us when a shareholder takes investment decision.

Counseling Service Essay

There are several stages of reflective judgment theory; each stage is divided into three levels. The level is pre reflective, quasi-reflective, and reflective thinking. Pre Reflective stage is the student believes what they hear or what they have seen. Quasi-reflective thinking is when a student makes his own conclusion on an issue and then researches it to find â€Å"truth†. The student will make a decision based gut feelings or just what feels right. At this stage, a student will believe what he wants to believe, however, understand others will have different views and respect that both could be right. Reflective judgment is when a student is able to compare different evidence and opinions and construct solution personally. Possible selves involve a student looking at what he could possibly be in the future. When a student struggle or dismiss the value of education, it can be speculated that his is in the pre reflective stage of the reflective judgment theory. Helping a student move from a lower level into the next level of reflective judgment theory can be challenging but possible. This student who is in stage one, would not value education as much and would consider getting a job rather than an education because they can even though they are capable off concrete thinking but usually believe what they see is and never search for the truth. It is also the stage where students do not research or examine their truth. It is important to guide a student when he is in this stage. It would be beneficial for the student to examine his possible self. If he reflect on where he is and where he could be, he must also reflect on how he will get there successfully. If a student is dismissing the value of an education, he is probably in this stage. In order to move him forward, one must try to encourage him to seek other truths and  research information so that he is able to prepare to infinitely defend his position for all points. If education is unimportant he should have research arguments for and against continued education before giving up on school. Understanding why the student is dismissing the value of education is going to be the key in helping him progress to the next stage off. If he is making a decision based on his possible self, he could be afraid of what he could possible become. One poet wrote that â€Å"Our deepest fear is that we are powerful beyond imagination. It is our light more than our darkness.(Williamson, 1992). Sometimes giving up and not seeing what a person could become is easier than becoming someone that a person is unfamiliar with. An example of this is a young man that has been economically challenged having the opportunity to attend college but because no one in his family has attended college and are still economically challenged. He could dismiss the importance of an education because he feels that his family will think he would look down on him if he betters himself. If he was in the stage five of this theory, he would be able to understand that there are other possible solutions to his problems. In stage five of the reflective judgment theory, the student will be able to understand that everyone have different approach to a situation, and one way is no better than the other. Stage five concept of justification states that beliefs are justified within a particular context via the rules of inquiry for that context. Justifications are assumed to be context specific or are balanced against each other, delaying conclusions (Kail, ). If the student reaches this stage, he would be able to better understand the ramification of his decision. He would understand birth point of view before making a decision. Advancing through the stages of the reflective judgment theory occurs as a person become more educated and mature. As a young adult, it is hard to make good decisions because there is not any information to base his decisions on that is reliable. He believes what he sees and hears, but as he becomes more comfortable in the school environment and learn more, he would be able to make more informed decisions. Relative Judgment Theory allows a person to reflect on the whats, whos, and the whys. However these questions are intrinsically motivation and the answer must come to the asker. This theory allows the most undereducated person to the advance student the oppurtinuty to be informed and responsible for the decision. References Kail, R.V., & Cavanaugh, J.C. (2010). Human development: A life-span view (5th ed.). doi: 1009-0001-161F-00001620. Williamson, M. (1992). A return to love. Reflections on the principles of a course in miracles. Harper Collins.

The Influential Architecture of the Pantheon in Rome

Discrimination Against Women in the Workplace Essay example

Although some of the worst employment discrimination was eliminated by the Civil Rights Act in 1964, many women continue to undergo unfair and unlawful discrimination in the workplace. Even though women have come a long way, they are still being discriminated against in certain fields of work. High-end jobs, most commonly large companies and medical fields, continue to discriminate against women even though they have the same job qualifications as men. There are many different ways in which women are discriminated against in the workplace. The exclusion of women altogether solely due to their gender is a now rare example of how women are discriminated against. Although women have gained overall access to the workplace, sex†¦show more content†¦Job Classification is another common problem women face in the workplace. Another common problem for women in the workplace is not getting as many benefits as men. An example of this is if a woman’s companys health insurance policy does not cover their spouse just because it is assumed that he will have his own benefits, while your male coworkers have their wives covered by the policy (Armour, 2008). Besides the previous reasons stated, one of the most common problems for women in the workplace is being discriminated against due to pregnancy. The Equal Employment Opportunity Commission has stated seeing a 65 percent increase in complaints about discrimination against pregnant women in the workplace between 1992 and 2007 (Chaney, 2008). Example of pregnancy discrimination are refusing to hire a pregnant woman, firing or demoting a pregnant women, denying a woman the same or similar job when she returns, or treating a pregnant employee differently than other temporarily disabled employees. Many women get laid off and even fired from their jobs because they get pregnant. Often male bosses will give excuses for these situations saying that the woman is unable to do their job or that their missing attendance will be a problem due to their pregnancy. Some bosses simply give the reason that women will not be as interested in their job once the child is born, which is an outrageous assum ption to make. Other bosses willShow MoreRelatedDiscrimination Against Women in the Workplace2418 Words   |  10 PagesDiscrimination against Women in the Workplace Jessica Holmes Professor Williams April 10, 2012 From the beginning of time the male and female have been expected to perform certain roles in society. Males have been expected to work and provide for their family while the female raises the children, cooks, cleans and keeps the house in order. Today many women have broken that tradition and are starting their careers and becoming more independent. 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Robinson began with telling about Dr. Martin Luther King Jr.’s â€Å"I have a dream† speech and compared it to the time today to American President Barak Obama. From Dr. Martin Luther King Jr.’s speech to the inauguration of American PresidentRead MoreGender Based Pay And Promotion Discrimination1104 Words   |  5 Pagesand Moser explore the claims of gender-based pay and promotion discrimination that is fast emerging as the latest challenge for employers seeking to reduce litigation risks. These claims are from recent jury verdicts, pending legislation in Congress, and headline-grabbing court decisions. These court decisions and legislative initiatives raise the specter of a flood of class claims ag ainst employers for pay and promotion discrimination. I will use this source for ground for my argument. It shows 500

The Wife Of Bath s Tale Prologue And Story - 878 Words

The idea of a happy marriage has always been described as one that is full of compromise. It has always been said that to make marriages work, both parties must be willing to give a little bit up to gain it back later. In the Wife of Bath’s Tale Prologue and story, this idea called into question. During both of these stories, the idea of give and take is a major topic. Largely because the ones that are getting, are giving up essential control over their lives. In a world where divorce seems to be at an all time high, these tales attempt to shed light on what it would take to create a happy marriage or relationship. During the prologue of The Wife of Bath’s Tale, the wife discusses her thoughts on roles between males and females within relationships. She discusses this idea by hitting on two different points of view, power and religious ideology. The wife talks about all five of her marriages and how she gained power and control within those relationships by using her bo dy; â€Å"In wifehood I will use my instrument As freely as my maker me it sent†. (Kindle pg. 262). The wife describes the first three of her marriages as very much pragmatic relationships. She would use her body to control her husbands and to make significant financial gains through them. She was very sensible when it came to sex within these relationships, because she knew that it gave her power and control over her men. 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It can be inferred that the author’s main goal is for this literary work to serve as a message to the people along with changing theRead MoreThe Wife Of Bath s Prologue And Tale990 W ords   |  4 PagesThe Wife of Bath s Prologue and Tale is about female empowerment it shows strong protagonists. I believe Geoffrey Chaucer used The Wife of Bath’s Tale to advocate for feminism. Chaucer used a strong female character to expose female stereotypes. It was an oppressive time for women in male-dominated society. During the Middle Ages, Chaucer wrote from a woman’s point of view something that was not normal at that time. He set his feminist ideals through the characters of the Wife of Bath and the oldRead MoreThe Wife Of Bath s Tale931 Words   |  4 Pages2015Annotated Bibliography Shead, Jackie. The wife of bath s tale as self-revelation: Jackie Shead discusses how far the Wife s Tale perpetuates the picture we have gained of her from her Prologue. The English Review 20.3 (2010): 35+. 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Rates Of Medication Errors Health And Social Care Essay Free Essays

The purpose of the research, Rates of medicine mistakes among down and burnt out occupants: prospective cohort survey by Fahrenkopf, A M et Al. is clearly stated with clear background to the survey in the â€Å" Introduction † subdivision. The survey aimed â€Å" to find the prevalence of depression and burnout and whether a relation exists between these upsets and medicine mistakes † in pediatric occupants. We will write a custom essay sample on Rates Of Medication Errors Health And Social Care Essay or any similar topic only for you Order Now Although the rates of depression and burnt outs in occupants have been extensively studied but ne’er has these two factors been quantified consistently against medicine mistake rates hence doing this research an original piece of work. The writers did non declare any struggle of involvement that may bias their research methodological analysis or decisions. However, the rubric of the paper is misdirecting as it suggests that it applies to all occupants but the writers are merely concentrating on pediatric occupants. Furthermore hypothesis of this survey was non clearly presented. What did they make? This primary survey was carried out in the signifier of cohort survey dwelling of two control groups of non-depressed and non-burnt out pediatric occupants from three different infirmaries from mid-May through the terminal of June 2003. However, research workers did non clearly warrant why the survey was conducted merely in these â€Å" three urban freestanding kids ‘s infirmary † and why informations from intensive attention units or ambulatory scenes were non included in the survey. Furthermore, there was a four twelvemonth spread from the clip of research to that of printing this paper in 2008. The consequences derived may non to the full applicable as there may hold been alterations in the environment in which occupants are in which brings about a demand for new research to determine the findings. From the direction of namelessness and confidentiality of occupants ‘ individuality it can be seen that the writers had carried out the survey with strict control. Furthermore, medicine mistake informations extractors used were incognizant of the on-going survey which farther minimizes possible prejudice that may originate during the aggregation of mistakes. However, the writers besides informed the participants â€Å" the lone case in which confidentiality would be brokenaˆÂ ¦if they were an immediate danger to themselves or others – that is, showed self-destructive or murderous ideation † and this poses a possible prejudice where participants may under study if they were of all time in such a state of affairs. Although both the quantitative and qualitative tools used in the survey through the usage of well-established questionnaires matched the survey nonsubjective and was suited for the survey design, the executing of the questionnaires for depression and fire out, in my sentiment, could hold been done better with proper psychiatric rating to minimise any prejudice from the occupants as they may either under study or over report their ain status. The writers besides did non reference when these two questionnaires were completed, the frequence of which they were done by the occupants and how they eventually came to the figure of burned out or down occupants. What did they happen? The survey found that down occupants are significantly more likely to do medicine mistakes as opposed to their non-depressed equals while burnt out was found to hold no association with medicine mistake rates. Consequences are by and large clearly reported but with some ambiguity one of the tabular arraies ( Table 2 ) provided. The writer portrayed the informations collected in the signifier of two tabular arraies and to give a diagrammatic representation of their findings, the informations were so set in four saloon graphs showing per centum with P-value. However, information in Table 2 for â€Å" Entire mistakes per occupant, by class † was presented mistakenly as it included site 3 ‘s occupants under nothing mistakes when they did non hold the informations on medicine mistake linked to the participants for that site which may do misunderstanding to readers at first glimpse. The decisions derived can non be generalized to the whole pediatric occupant population even though consequences show that the survey population was valid to fulfill the aim of the survey. The sample size and scene are unequal to claim that the findings represent the whole of pediatric occupants because the survey was merely done in urban freestanding kids ‘s infirmaries and the figure of down occupants were excessively little ( n=24 ) doing the consequences and p-value statistically important but equivocal. Regardless, the research was carried out as intended and the purposes of the paper achieved. So what? Regardless of the statistical significance, the consequences are clinically of import as it highlights the significance of depression in relation to medication mistake rates which may finally take to patient safety concerns. Several reasonable and realistic suggestions for farther research were proposed but they were non elaborated in great inside informations. The writers stated that the more research is required to â€Å" specify better how depression and burnout affect occupants and patient attention in other fortes and to specify better the insouciant relation between depression and mistakes † The writers besides acknowledge their restrictions in great inside informations during in the â€Å" Discussion † session foregrounding that they were clearly cognizant of the jobs within the survey. The survey besides adds usefully to bing cognition as it is the first to quantify the effects of down occupants to the rate of medicine mistakes and had shown that down occupants are significantly more likely to do medicine mistakes. However, it should be noted that this survey may non generalizable as it is done merely in three urban free standing kids ‘s infirmary therefore it did non account for the discrepancy in work load in different fortes and vicinity. Bibliography Fahrenkopf, A M et Al. ( 2012 ) .A Ratess of medicine mistakes among down and burnt out occupants: prospective cohort study.Available: hypertext transfer protocol: //www.bmj.com/content/336/7642/488. Last accessed 12th Dec 2012. Trisha Greenhalgh ( 2010 ) .A How to read a paper. 4th erectile dysfunction. Chichester: Wiley. p31-60. Part 2 A Report to the Minister of Health of Malaysia A survey on â€Å" Ratess of medicine mistakes among down and burnt out occupants: prospective cohort survey † by Fahrenkopf, A M et Al. A brief sum-up of the survey: This survey is carried in the United States by 9 research workers on 123 pediatric occupants across 3 kids ‘s infirmary to happen out if there is a relationship between depression and burnout to the rates of medicine mistakes. The writers identified down pediatric occupants are significantly more likely to do medicine mistakes whereas burnt out has no association to the rate of medicine mistakes. Key messages derived from the survey: High prevalence of burnt outs and depression among pediatric occupants The survey found that burnt out affected 75 % of the pediatric occupants and 20 % of the occupants were at high hazard for depression. Of the down occupants, an dismaying 96 % were besides burnt out. Depressed occupants made more than 6 times more medicine mistakes than their equals. Harmonizing to the survey, â€Å" Depressed occupants in pediatricss made more than six times the mistakes in medicine than their non-depressed co-workers † whereas burnt out had no association to the rates of medicine mistakes made. This calls for concern to patient safety as down occupants may potentially increase the figure of preventable patient mortality. Poor wellness and occupation public presentation evaluations Health and occupation public presentation evaluations conducted in the survey showed that both down and burnt out occupants scored significantly poorer. Depressed occupants were significantly more likely to describe their wellness as hapless, working in an impaired status more than twice in the old month and to describe hard concentrating at work. Burn out occupants on the other manus are significantly more likely to describe trouble concentrating on work and being worried that they are depressed. Sleep want may play a function in incidence of medical mistake Harmonizing to the survey, 47.2 % of all pediatric occupants studied reported to hold made â€Å" important † medical mistake due to kip want. This shows that the deficiency of slumber may impair the opinion of occupants and this call for concerns sing overworked occupants ‘ and their ability to supply quality attention for patients without compromising patient ‘s safety. Deductions of this survey: Bettering working conditions With about half the occupants describing that they had made important medical mistake due to kip want, the figure of work hours occupants are made to travel through at any point in clip should be reviewed to guarantee that occupants are able to supply quality attention at no via media to patient safety. As with the Health Facts 2012 released by the Ministry of Health, the current physician to patient ratio is now 1:791. A decrease in this ratio may help to distribute the work load more equally across the board which will take to a possible decrease in work hours and finally understating the degree of medical mistakes made due to kip want. Regular mental wellness showings for occupants With such a high prevalence in depression and fire out amongst occupants, regular mental wellness showing will assist guarantee that occupants who are confronting any signifier of upsets seek intervention early so as to cut down any possible side effects that may impact their ability to execute and at the same clip uphold patient safety so that medicine mistakes may be minimised to a lower limit. Further research on depression and fire out effects on occupants ‘ rate of medicine mistake in Malaya As the research was conducted in USA, the difference in vicinity and working environment could hold presented a different set of work stressors to the pediatric occupants at that place. A research conducted locally for the occupants in Malaysia will assist determine the effects of these upsets and besides assist place the cardinal countries for betterment to understate the incidence of preventable patient mortality caused by down or fire out occupants. How to cite Rates Of Medication Errors Health And Social Care Essay, Essay examples

An Analysis of Doug Liman’s Mr Mrs Smith free essay sample

An analysis of Doug Liman’s Mr Mrs Smith (2005) focusing on Butler’s notion of fluid gender identity. Butler’s concept of fluid gender identity states that rather than seeing the male and female genders fixed, they should be seen as fluid or flexible depending on the situation any one person could be in at any point in time. By using this notion Butler proposes that we could work towards a new equality where people are not limited by their male or female gender roles. Mr Mrs Smith (2005) follows the lives of a couple, John and Jane, whose marriage is falling apart. Both are secretly assassins for hire and neither one of them knows their spouses secret until they are both assigned each other as targets. While on the pursuit to eliminate each other they continue to learn more about one another than they have over their six years of marriage. I have chosen to analyse Doug Liman’s film Mr Mrs Smith since Butler’s fluid gender identity theory is already partially at work here. The gender roles of the male and female characters, John and Jane Smith (Brad Pitt and Angelina Jolie), have, in a way, been swapped therefore challenging many gender specific stereotypical ideas. Throughout this essay I will be discussing the significance of Angelina Jolie’s character Jane Smith in terms of Butler ‘s theory. Although both Pitt and Jolie play the role of assassins, Jolie’s character Jane can immediately be seen as the more dominate of the two and you already begin to see the flexibility in Jane’s gender identity right from the start. The first scene we find John and Jane in a marriage councillors office, we can tell that Jane is uncomfortable in this situation therefore leaving her gender identity to flow from her preconceived feminine gender, that the viewer might already have, to that of a more masculine manner by not wanting to talk about the problems their having. On the other hand John’s gender reaction, if you will, is pushing more towards the feminine, by actually wanting to solve their issues. Butler suggests that gender is free floating rather than fixed â€Å"When the constructed status of gender is theorized as radically independent of sex, gender itself becomes a free-floating artifice, with the consequence that man and masculine might just as easily signify a female body as a male one, and woman and feminine a male body as easily as a female one. † Judith Butler (1990) Gender Trouble, New York, Routledge. In order for this to be correct Jane’s gender identity will have to differ throughout the film. Using the scene when both John and Jane are at home together this time her gender identity varies from that of the dominant masculine female assassin that she regularly is, to the preconceived notion of a female, doing housework and cooking dinner etc, this notion being made apparent by Ann Oakley Ann Oakley (1974) The Sociology of Housework, London, Robertson. These two particular scenes represent Butler’s theory entirely, by showing her flow from a masculine gender to feminine depending on her situation or surroundings. The reason for his particular gender flexibility at work here could be because Jane does just want a normal married life, meaning her gender flow, in this case, would be subconscious. Another interesting example of Jane’s gender flexibility would be the scene where the couple attend their neighbour’s party. The two filter off into their respective gender groups and while John seems at home with his fellow male friends, what’s interesting is that Jane, rather than being comfortable with her sex she is shown to be relatively uneasy with the female group. Assuming that Jane has not always been an assassin, from this we can see that over time Jane’s constant gender flexibility from feminine to masculine has caused her to relate more to the masculine gender but not from a male himself but from other females with a more focused masculine gender like that of her work colleagues. Obviously there are some theories that Butler argues against that are partly true within the film, for example radical feminist Andrea Dwokin explains how she believes that men love death and murder Andrea Dwokin (1988) Letter From a Warzone, Lawrence Hill Books. Butler disputes this claim by says such approaches are unsuccessful since it â€Å"mimics the strategy of the oppressor instead of offering a different set of terms† Judith Butler (1990) Gender Trouble, New York, Routledge. In the case of Mr Mrs Smith with John being an assassin and killing people for a living Dowkin is technically correct in stating this but towards the end of the film, after the two have found out their secrets, they ask each other how many people they have killed and Jane has actually killed far more â€Å"I don’t exactly keep count but I’d say high fifties, low sixties. I’ve been around the block but the important thing i-† â€Å"Three hundred and twelve†. This same piece of dialogue is referencing the same conversation any couple might have had about past sexual relationships and again Jane is seen here as the more masculine figure by having the higher number of â€Å"kills†. This is the concept of hegemonic masculinity at work here but it does not apply in its original sense, that being how a male maintains his dominance over a female. It is a manipulation of the concept by showing how the more dominate figure, male or female, in this case female, maintains their dominance over the lesser, this is due to Butler’s fluid gender theory. Another stimulating point to rise about Jane’s character is that although she is often seen as the dominant masculine figure in the film, Mulvey’s theory of the male gaze still applies here. Laura Mulvey suggests that in film the woman is only there as the object for the male to look or gaze upon â€Å"The image of woman as (passive) raw material for the (active) gaze of man† Laura Mulvey (1975) Visual Pleasure and Narrative Cinema, Screen 16.3 Autumn. One example of this would be the scene where Jane poses as a prostitute to gain access to a targets hotel room. Although she is the female prostitute in this particular situation her gender identity suggest otherwise by still flowing towards the masculine gender since she is dresses as a dominatrix, meaning a dominant female with sexual power over the male. Finally the last point in the film I’d like to concentrate on is right before the climax. The two have worked out their differences, forgiven each other for the lies they told, rekindled their love and have decided to work together as a team to fight against their respective employers who hired them to kill each other. John is going through what they have left of their arsenal of guns and hands Jane a pistol, to which she says â€Å"Why do I get the girl gun. † This being the most obvious example of fluid gender identity within the film, this firmly cements Butler’s theory. Showing how depending on the situation, in this case preparing for a gun fight, a an activity widely associated with masculinity, that Jane’s gender flows from the loving and forgiving feminine to the masculine fighter, so much this time she actually objects to having a gun associated to her sex. The end of the film, in a way, has reached Butler’s final goal of equality. The two have worked together for the first time, displaying their different assassin skills and defeating the companies. We now see a new found respect they have for one another. In the final scene they are back in the marriage councillor’s office but this time Jane’s gender is far more feminine talking about how they renovated the house since she’s comfortable with the situation she’s in and that her marriage is in a place she’s happy with. Bibliography Laura Mulvey (1975) Visual Pleasure and Narrative Cinema, Screen 16. 3 Autumn. Judith Butler (1990) Gender Trouble, New York, Routledge Andrea Dwokin (1988) Letter From a Warzone, Lawrence Hill Books Ann Oakley (1974) The Sociology of Housework, London, Robertson