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Whether you're walking a tightrope or scribbling in your checkbook, balance is a good thing. And, one of the best ways to evaluate a company is to glance at its balance sheet to see what it owns with what it owes.
The balance sheet is a paragon of simplicity and is made up of three components: assets (the stuff it owns), liabilities (the money it owes), and shareholders' equity (the company's value to its shareholders).
Assets take two forms: short-term (or current) assets and long-term assets. Under short-term, there¿s good ol' hard cash. Then, there¿s something called "cash equivalents," which are assets like short-term bonds that can be sold so quickly, they might as well be cash. There you factor in inventory, which (if you're a reasonably competent business owner) you can sell to customers in return for--you guessed it--cash. (The raw materials a company owns to make that inventory also falls under this category.)
Long-term assets are things that are harder to convert into cash. (Think real estate and equipment.) Long-term assets depreciate, meaning they lose some value over time. Also under the long-term category are what's called intangible assets: things like patents and brands, that are important, but hard to quantify. Accountants earn their stripes figuring out the real overall value of these assets.
Once you know your assets, it's time for liabilities. As with assets, liabilities are separated into short-term or current, and long-term. Current liabilities are what a company owes in that year: Things like payments to employees or accounts payable to suppliers. Long-term liabilities are debts paid over several years.
Shareholders' equity is determined by subtracting the liabilities from the assets. That number represents the value of the company after all its bills are paid.
Obviously, investors should pay close attention to balance sheets. Spikes in the amount of debt carried, or a reduction in shareholders' equity, are usually red flags.
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Thursday, May 08, 2008
Macmillan/McGraw-Hill Supports California Literacy With Comprehensive Reading/Language Arts Program
Comtex
NEW YORK, May 8, 2008 /PRNewswire via COMTEX News Network/ ----Macmillan/McGraw-Hill, the leading publisher of print and digital educational materials for Grades PreK-6, announced its submission of California Treasures, a research-based elementary reading and language arts program, to the state of California.
California Treasures is written specifically to follow the state's revised English language arts standards and meet the requirements of NCLB. Also, the program incorporates the state-required English language development (ELD) component to assist students transitioning from Spanish.
"This complete program builds a lifelong love of reading through explicit, systematic instruction coupled with time-honored classics, contemporary nonfiction, and rich literature," said Steve McClung, president of McGraw-Hill School Solutions Group, which includes Macmillan/McGraw-Hill. "We are committed to teaching students to be confident communicators."
California Treasures is accompanied by a parallel K-6 reading and language arts program in Spanish, California Tesoros de lectura. Also, a complete English Language Development program, California Treasures English Language Development, has been created for Grades K-6. These three programs feature engaging literature coupled with intervention; skills and strategies instruction and practice; progress monitoring, and diagnostic and summative assessment opportunities. Built-in English learner support enables teachers to meet the needs of students at all reading language acquisition levels, in both English and Spanish.
Centered on the four key aspects of reading and language arts instruction: listening, speaking, reading, and writing, California Treasures offers teachers an explicit, systematic instructional path in both print and digital formats. A variety of differentiated instructional strategies, including leveled assessment and skills-based practice readers, small group lesson plans, progress monitoring, diagnostic and summative assessments, and multiple practice opportunities, provide teachers tools for a variety of levels.
Macmillan/McGraw-Hill partnered with The Writers' Express, a non-profit organization committed to improving students' literacy skills, to develop a new, research-based instructional model for teaching writing in California Treasures and California Tesoros de lectura. The Writers' Express strategies are based on 15 years of rigorous research throughout California and the nation and are carefully attuned to the real classroom environment. Strategies include selected skills demonstrated to make the greatest impact on student achievement, sequenced skill instruction to drive progress, and integrated instruction to teach students expressive and technical skills. Also, this instructional model of teaching writing enables teachers to be more comfortable with the writing process and develop their own skills as both writers and educators.
California Treasures and California Tesoros de lectura offer a wide range of state-of-the-art digital resources to support the print programs. Online capabilities for students, teachers, and families allow for a truly integrated instructional program. Targeted support for academic vocabulary, comprehension, and writing has been built into the program to help teachers meet the needs of the state's English learner population. Professional development is also integrated throughout the program via print, CD, and online platforms so that each teacher receives a continuing stream of the most up to date research-based strategies and support.
For more information about Macmillan/McGraw-Hill's reading and language arts programs, please visit http://www.macmillanmh.com.
About Macmillan/McGraw-Hill
Macmillan/McGraw-Hill is part of McGraw-Hill School Solutions Group (MHSSG). The group combines Macmillan/McGraw-Hill, which focuses on Grades PreK-6, and Glencoe/McGraw-Hill, which serves Grades 6-12. MHSSG is the only major educational publishing business to provide a comprehensive approach to the development of print and digital instructional materials from pre-kindergarten through high school. Additional information is available at http://www.macmillanmh.com.
About McGraw-Hill Education
McGraw-Hill Education, a division of The McGraw-Hill Companies (NYSE: MHP), is a leading global provider of instructional, assessment and reference solutions that empower professionals and students of all ages. McGraw-Hill Education has offices in 33 countries and publishes in more than 40 languages. Additional information is available at http://www.mheducation.com.
Contacts: Tom Stanton Caroline Golon McGraw-Hill Education Paul Werth Associates (212) 904-3214 (614) 224-8114, ext. 232 tom_stanton@mcgraw-hill.com cgolon@paulwerth.com
SOURCE Macmillan/McGraw-Hill
http://www.mheducation.com
Copyright (C) 2008 PR Newswire. All rights reserved
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