Operating Leverage [LO 31 John Dial is the president It raciiiL The company has 2000 employees and manufactures and sells a variety of refrigeration units for commercial use. Recently, the company experienced large losses due to a downturn in the aeon. omy and a subsequent decline in sales. John thinks the losses were particularly large because his company has too many fixed costs.
a. Expand on lob n’.s thought, How art the large losses related to fixed costs? b. Identi a way that John can tum potential fixed costs into variable costs.
Born in Ireland in 1910, living until 1992, Francis Bacon “was voted the most important living artist in the world. His influence and popularity amongst society cannot be denied as during the early twentieth century he existed as the ‘highest selling living painter’.” Bacon was a painter of figures, (mainly portraits studies), often using an easel and canvas to create a roughly textured surface of oil paints. Working only from photographs, Bacon would transfer the figure he sees in this stimulus, to a figure painted on canvas. Francis Bacon was an artist who never tried to flatter the sitters he painted, but rather reflected his take on human existence. (Peppiatt 233, 2009), (Fifield, online) There is a clear theme that runs through all of Bacons works, the theme of distortion, the breaking up of the human body. For example in Bacons ‘Portrait of Michel Leiris’ (1976) and ‘Francis Bacon Self Portrait’ (1978). Francis Bacon’s homosexuality was no secret in his career. The death of “Bacon at the age of 82 in 1992 stands as a significant moment, a turning point, in our understanding not only of the concept of queer, but of how artists felt able to operate if they were to be both true to themselves yet find a measure of acceptance in a society by and large hostile to homosexual expression.” (1996, Cooper, online) Francis Bacon considered himself to be a ‘queer’ homosexual and did not want to be known as a ‘gay’, as he did not like the word. “In the old fashioned sense when queer was a term of abuse, a recognition and disapproval by society of divergent sexual tastes.” There is that suggests Bacon was moved by the ideas and theories of gay liberation, ‘but rather that the movement brought an unwelcome intrusion in what he regarded as his private life. At the time of the Stonewall riots in 1969, he was nearly 60 and his lifestyle was resolutely pre-liberationist in style and attitude. To change this would have involved great effort on his part. ‘Going public,’ would not have seemed the thing to do at a time when his international reputation was well established.’ (1996, Cooper, online) It is obvious that Francis Bacon addresses homosexuality in his work, with paintings such as ‘Study for Nude’ (1951) which involves male naked bodies intimately entwined, but he never spoke directly about it, and in particular would never speak of his personal relations that he wanted to remain completely private in attempt to not influence or detract from him being seen as an artist. The label ‘gay’ was seen by many like Bacon, as a term just as abusive as ‘Nigger’. There were many liberations around during the later part of his life and represented a shift in homosexual lifestyle and its public persona. Bacon did not want to change his image and face the consequences of this from the public towards his work. Bacon produced most of his best work in the period after the Second World War, with his ‘breakthrough’ piece Three Studies for Figures at the Base of a Crucifixion being painted in 1944. The immediate post war period was when society was very much about returning to family life and this can be seen through British and American films of the time. At this time it was very risky to divulge your homosexuality to others not only because it was illegal but also because it was not accepted. This would have led to feelings of isolation for many homosexuals. Even though society was becoming more tolerant of homosexuality, there was still great reluctance by homosexuals to trust others and discuss their sexuality, even with their families. At that time, men in this situation often referred to their doctors for help, and this occasionally le>GET ANSWER