This is where the Uniform Credit Analysis (UCA) cash flow statement comes into play. UCA measures how much cash is available for debt service by highlighting changes in the balance sheet that impact cash.
Throughout his life, Hobbes believed that the only true and correct form of government was the absolute monarchy. He argued this most forcefully in his landmark work, Leviathan. This belief stemmed from the central tenet of Hobbes' natural philosophy that human beings are, at their core, selfish creatures. According to Hobbes, if man is placed in a state of nature (that is, without any form of government) humans would be in a state of constant warfare with one another.
Hobbes is famous for his early and elaborate development of what has come to be known as âsocial contract theoryâ, the method of justifying political principles or arrangements by appeal to the agreement that would be made among suitably situated rational, free, and equal persons.