Preserving Water is Preserving Life Essay Example for Free

Safeguarding Water is Preserving Life Essay There are different assets that the Earth gives its occupants, yet the most significant common asset is water. In any case, regardless of the way that water is a crucial regular asset, people will in general maltreatment without knowing the suggestions. It is important to spare water not just in light of the fact that it is an entirely sensible asset (Padmavathy Malarvizhi, 2006), yet in addition due to the way that water gives life to each living thing on Earth. Without it, life can't be continued: people can endure a long time without food, yet without water, they might have the option to get by for a couple of days. Aside from this, water likewise continues the development of life in backwoods, wildernesses which are the natural surroundings of different species. Shockingly, as much as the world might want to accept that natures assets would keep going forever, such is beyond the realm of imagination. Water is a limited source, and just around 0. 024% of all the water assets on the planet is available, while the remainder of the universes water flexibly comprises of seas and unavailable freshwater in the profound earth (Dauvergne, 2005). People, creatures, and vegetation won't have the option to stay alive without water; vegetation would not have the option to develop, and creatures which eat plants won't have any food flexibly. These creatures will drain in numbers, they will wreck the evolved way of life and greater creatures which eat these creatures will likewise lose their food flexibly. In the event that creatures keep on diminishing in numbers, they would in the end become jeopardized, and lamentably, it is conceivable that they may get intuition. So as to safeguard life on Earth, each individual should have the activity to spare water. There is a need to instruct individuals of the ramifications of losing freshwater on Earth, for the initial step to comprehension would be training. In the event that individuals contribute and do their part for the conservation of water, life on Earth may get an opportunity in staying alive for ages. References Dauvergne, P. (2005). Handbook of worldwide natural legislative issues. Cheltenham: Edward Elgas Publishing Limited. Padmavathy, S. Malarvizhi. (2006). Preservation of secured water asset in family unit. In G. Chandrakumar N. Mukundan, Water asset the executives: Thrust and

Ethics Competency in BNC Company

Blog Archive Monday Morning Essay Tips How Long Ago Is Too Long Ago

Blog Archive Monday Morning Essay Tips How Long Ago Is Too Long Ago Because business school candidates must share examples of a variety of experiences with MBA admissions committees, we encourage applicants to truly reflect on their lives and consider all potential storiesacademic, professional, community, extracurricular, athletic, international, personal  and more. However, questions inevitably arise:  Can I use stories from high school and college? Can I use a story from four years ago?  How far in the past is too far in the past? Although no  definitive rule exists, with the exception of questions that specifically ask about personal history or family background, schools generally want to experience the mature youthe individual that you are today. So, we ask, “How long have you been the you that you are today?” When considering experiences that occurred long ago, you  should ask  yourself, “Would this impress an MBA admissions committee today? If you ran a few successful bake sales six years ago when you were in college, this clearly would not stand the test of time and impress strangers  today. However, if, while you were still a student, you started a small business  that grew and was ultimately sold to a local firm when you graduated, you would have a story to tell that would likely impress  an admissions committee. Inevitably, judgment is always  involved in these decisions. Nonetheless,  we offer this  simple test as a starting point  to help  you decide which storeis to share. Share ThisTweet Monday Morning Essay Tips

The Meanings of the German Verb Ausmachen

The German verb machen is a very common regular verb with the basic meaning of to make or to do. It gets plenty of mileage all by itself, but by adding the prefix aus-, machen turns into something even more interesting — and takes on many more meanings. (It can add other prefixes, notably an-, but well concentrate on aus- here.) Understanding German verb prefixes is an important part of learning German vocabulary and German verb conjugation. As we shall see with ausmachen, a prefix can make BIG changes in the meaning of a German verb. Although the essential meaning of aus (which is also a dative preposition) is out and ausmachen can mean turn off/out (the light) or put out (a fire), that is only one of its many meanings (in German or English). Lets examine this versatile verb, which has no fewer than ten different meanings, depending on the context. The ten basic meanings listed below are generally ranked in the order of how frequently the verb is used in that meaning, but this is not an exact science. Each meaning also has one or more German synonyms listed along with the English meaning. Ausmachen (là ¶schen) English Meaning: to put out, extinguish, douseExample: Kannst du die Kerzen bitte ausmachen? (Can you please douse/extinguish the candles?) Ausmachen (abdrehen, ausschalten) English Meaning: to switch off, turn off(Note: The opposite is anmachen -- to switch on, turn on -- another verb with several different meanings.)Example 1: Machen Sie bitte das Licht / den Fernseher aus! (Please turn off the light / the TV.)Example 2: Sie mà ¼ssen das Gas zuerst ausmachen, bevor sie die Reparaturen machen kà ¶nnen. (They have to turn off the gas before they can make the repairs.) Ausmachen (stà ¶ren, à ¤rgern)(etw macht jdm etw aus) English Meaning: to bother (sb), mind, object toExample 1: Macht es Ihnen etwas aus, wenn ich rauche? (Do you mind if I smoke?)Example 2: Es macht mir nichts aus, ihm zu helfen. (I dont mind helping him.) Ausmachen (ermitteln, entdecken)(etw/jdn) English Meaning: to make out (sth/sb), spot, determineExample 1: Ich kann ihn nicht ausmachen, weil es zu dunkel ist. (I cant make him out because its too dark.)Example 2: Es ist noch nicht ausgemacht, dass er seinen eigenen Putsch politisch à ¼berlebt. (It hasnt yet been determined that he will survive his own coup politically.) Ausmachen (ins Gewicht fallen) English Meaning: to make a differenceExample 1: Was macht es schon aus? (What difference does it make?)Example 2: Es macht gar nichts aus! (It makes no difference at all!) Ausmachen (vereinbaren) English Meaning: to agree to, agree on, set up (appointment)Example 1: Wir mà ¼ssen nur noch ausmachen, wo wir uns treffen. (We just need to agree on where well meet.)Example 2: Wie ausgemacht, habe ich das Auto am Flughafen gelassen. (As agreed, I left the car at the airport.) Ausmachen (austragen) English Meaning: to sort (sth) out, settle (a case, a dispute, an issue, etc.)Example 1: Das mà ¼ssen wir mit ihm ausmachen. (We have to sort that out with him.)Example 2: Kà ¶nntet ihr diesen Streit nicht unter euch ausmachen? (Cant you guys settle this argument among yourselves?) Ausmachen (auszeichnen) English Meaning: to be (all) about, be the essence of sth, make (up) sth, make sth specialExample 1: Was macht das Leben aus? (What is life all about?)Example 2: Arbeit / Liebe macht das Leben aus. (Work/love is what lifes about.)Example 3: Ihm fehlt alles, was einen richtigen Manager ausmacht. (Hes missing everything that goes to make a real manager.) Ausmachen (betragen) English Meaning: to amount to, add up to, come toExample: Der Zeitunterschied macht neun Stunden aus. (The time difference is/amounts to nine hours.) Ausmachen (ausgraben) English Meaning: to dig up (dialect, regional)Example: Sie haben die Kartoffeln ausgemacht. (They dug up the potatoes.)

How Genes Change Overtime And The Structure And Function...

Molecular genetics is the study how genes change overtime and the structure and function of genes at the molecular level. Evolutionary biologists had to make inferences based off of phenotypic observations before molecular genetics was established. We can use molecular genetics to prove evolution by how our genes and traits do change overtime due to diseases inherited from our parents, the environment we live in, both the actual living environment and the nutritional standpoint, and the lifestyle habits can affect our genes, which alter the future of evolutionary change. Darwin’s definition of theory is stated as the change in the genetic structure of population, frequently used to refer to the appearance of new species. Changes allow the organisms to better adapt to the environment, which in turn will help them survive and produce more offspring. Understanding DNA can take a lot of studying and confusion to even get the general idea of the concept. The structure of DNA is ver y complicated and complex to understand, but researchers James Watson, Francis Crick, Maurice Wilkins, and Rosalind Franklin all developed the idea of the DNA structure in 1953. Deoxyribonucleic Acid is found in the nucleus of the cell. It is a double stranded molecule that contains the genetic code and is the main component of chromosomes. DNA is the blueprint of organisms. Nucleotides are the basic unit of DNA and they are made up of sugar, phosphate, and one of the four basis including adenine,Show MoreRelatedGenetically Modified Organisms Is Very Complicated And Long908 Words   |  4 Pagesspecies are extracted and forced into the genes of an unrelated organism ( It started in 1935 by a russian scientist, his name was Andrei Nikolaevitch Belozersky). But what Nikolaevitch did was he isolated pure deoxyribonucleic acid (DNA). Then in 1953 James Watson and Francis Crick discovered the double helix structure of DNA, this lead to many more discoveries because now we know the main structure for DNA, this also lead to scientist to identify and splice genes. â€Å"In DNA splicing, one organism’s DNARead MoreA Research On Schizophrenia And Anorexia Nervosa1269 Words   |  6 Pagesdescribes everything that happens in the gene expression process that is above the genome. The epigenetic process is typically due to histone modification, CpG island methylation, RNA associated silencing, and some other factors. The process is triggered via cell-to-cell signaling, neighborhood cells sending signals, physiology, and environment. The epigenetic change can be transient, permanent, or heritable. 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Modern techniques like cloning and restriction enzymes allow genetic material to be transferred from one organism to another to exchange genetic material. This then puts a permanent change in an organism’s gene making it an artificial species like the Belgian Blue, Featherless chickens andRead MoreThe Process Of Evolution And Evolution1679 Words   |  7 Pageshave developed and diversified from earlier forms during the history of the earth,† Google. Google. Google, n.d. Web. 11 Apr. 2015. Evolution is the reason there is change in the genetic makeup of a population, the reason organisms are linked by common ancestors, and evolution is still happening today because of the constant change in environment. This paper focuses on these subjects within evolution and will explore all areas of the process of evolution th at creates diversity and unity in lifeRead MoreThe Dna And Its Structure2011 Words   |  9 Pages Genes hold biological information that must be copied accurately for transmission to the next generation. Before the DNA double helix was discovered two biological question were unanswered: how can information for specifying an organism be carried in chemical form? and how is it accurately copied? It was not until the 20th century when the DNA molecule was discovered and suggested answers to both these questions. (Alberts B, Johnson A, Lewis J, et al, 2002) With the help of many scientists weRead MoreWhy The Hpv E6 Oncoprotein With The Help Of Bioinformatics Tools Like Rasmol1160 Words   |  5 Pagesdepending how they behave overtime. ‘High-risk’ mucosal HPVs are the causative agents of cervical cancers, with HPV16 and HPV18 being the most common oncogenic types associated with 50% and 20% of the carcinomas respectively (Bosch et al., 1995). There are two viral prot ein that causes the degradation of the tumor suppressor genes; E6 and E7. These two protein work together to cause the tumor by destroying the host machinery. E6 oncoprotein has the capacity to block apoptosis, changes the function of severalRead MoreAnalysis Of Dan Buettner s Ted Talk1402 Words   |  6 PagesBuettner’s Ted Talk, Buettner talks about how would have to change their lifestyle or have the best genetics possible to living to be a hundred years old. Buettner states that only one in five-thousand get to live to be one hundred. The chances are near impossible unless you have the best genes passed down to you. You could however increase some years to your life in which Buettner talks about. From looking at some particular cultures, we’ve learned how they live long lives in which we could tryRead MoreFunction, Structure, Synthesis And The Use Of The Protein Elastin ( Eln )2815 Words   |  12 PagesThe purpose of this paper is to discuss the function, structure, synthesis and the use of the protein elastin (ELN), which encodes for one of the two elements of elastic fibers in the human body (NCBI 1). Addressing the fundamental aspects of the protein will allow us to explore the potential applications and implications of the protein if it has been modified. Introduction and Function Elastin is the one of the key components in the elastic property of tissues found in human tissues such asRead MoreDispositional, Evolutionary And Evolutionary Theory1283 Words   |  6 Pages Dispositional, and Evolutionary Theory Nicholas DeRico PSY/405 August 24, 2015 Dispositional, Biological and Evolutionary Theory Abstract There are many theories that attempt to clarify the structures that influence personality, for example dispositional, and Evolutionary theory. This paper will discuss the differences that are among dispositional and evolutionary personality theories, as well as, strengths and limitations of dispositional and evolutionary and biological personality

Case Study Small Business Enterprises - 2317 Words

Small Business Enterprises Unit No: 33 Unit Title: Small Business Enterprises Assignment Cover Sheet Assignement N: 1 and 2 I hereby confirm that this assignment is my own work. I have identified and acknowledged all sources used in this assignment and have referenced according to the Harvard referencing system. I have read and understood the Plagiarism and Collusion section provided with the assignment brief and understood the consequences of plagiarising. Name: Krasimira Stefanova Registration number: ET 91934 Signature ........................................... Date: 12.06.2015 Table of contents Introduction 1.1 Profile of KCoffee LTD identifying its strengths and weaknesses 1.2 An analysis of the business using comparative measures of performance 2.1 Recommendations to overcome the identified weaknesses in the business 2.2 Ways in which existing performance could be maintained and strengthened 2.3 New areas in which the business could be expanded 3.1 Assessment of existing objectives and plans 3.2 Revision of business plan to incorporate appropriate changes 3.3 Action plan to implement changes 4.1 Impact of the proposed changes on the business and its personnel 4.2 Plan to manage changes in the business 4.3 Monitor improvements in the performance of the business over a given timescale Conclusion Introduction The purpose of this assignment isShow MoreRelatedErp Systems : Integrated Information System1598 Words   |  7 Pagescentral repository. ERP – Enterprise Resource Planning is integrated information system software where the different core business processes are processed in real-time environment. Mabert et. al. (2003) ERP systems gives access to real time data based on seamless integration of cross functional data with improved business practices, better workflow and standardization of various day to day business processes. ERP software can be best described as set of integrated business modules or applicationsRead MoreCultural Studies For Chinese Enterprises Essay1052 Words   |  5 PagesCompared with the rapid development of foreign enterprises cultural studies, cultural studies for Chinese enterprises is very weak, (Ding, 2014)which is reflected in: First, the culture of Chinese enterprises still remain in the shallow stage, although there are some studies on corporate culture, but the most of them are introduced and discussed the significance of corporate culture and social culture, and business innovation dialectical relationship-based, there are not much theories based on empiricalRead MoreBusiness Skills As Entrepreneurship Education1203 Words   |  5 Pageshave explained business skills as entrepreneurship education to empower knowledge of the entrepreneurs. This entails business management skills, business planning, financial management, awareness of legal aspects and market searching. That being the case, the skills are useful and important in developing creative thinking, negotiations, leadership (business management), exposure to technical innovation and new product development. However, the skills help to identify and exploit business opportunitiesRead MoreSmall Business Management Essays1535 Words   |  7 PagesEssay Plan 1 Definition of smaller enterprises There are various definitions of smaller enterprises provided from different times and areas. One of the earliest definitions was provided by Bolton Report (1971), which has indicated that a small enterprise should meet three criteria: independent (not part of a larger enterprise); managed in a personalized manner(simple management structure); relatively small share of the market(the enterprise is a price ‘taker’ rather than price ‘maker’). There areRead MoreSme Sectors Benefits to the Economy1713 Words   |  7 PagesSME is defined as any business that has less than 250 employees. SME: small and medium-sized enterprises are defined by the European Commission as independent enterprises that have fewer than 250 employees, and an annual turnover not exceeding  £34 million or a balance-sheet total not exceeding  £29 million (new Recommendation 2003/361/EC adopted by commission on 6 May 2003). This revised definition came into force on 1 January 2005. Within this definition micro enterprises are categorised as havingRead MoreInformation Systems : A Basic Necessity For Running Successful Business1677 Words   |  7 Pagesrunning successful business. Kim et.al (2007), Information Technology plays an important business tool in modern era to attain competitive advantage for the organization as well as improving employee’s efficiency and productivity. Enterprise Resource Planning system shortly known as ERP system is one of the primary information systems used in various industries to run their business operations. ERP attained various industry at tentions due to its cross functional integration, business process reengineeringRead MoreSample Resume : Business Studies Course1526 Words   |  7 Pages Arab Open University Tutor Marked Assignment (TMA) Academic Year 2014 - 2015 Semester: Fall Branch: Bahrain Program: Business Course Title: An Introduction to Business Studies Course Code: B120 Student Name: Masooma Jameel Ebrahim Student ID: 6130497 Section Number:12 Tutor Name: MR. Ahmed omar Ismail Total Mark: Awarded Mark: Mark details Allocated Marks Questions Q1 Q2 Q3 Q4 Q5 Q6 Total Weight Marks Allocated Marks Criteria Presentation Referencing Word Count E-LibraryRead MoreThe Adoption Of Knowledge Management Systems Essay1089 Words   |  5 Pages Adoption of Knowledge management systems as an IS /IT business strategy by SME’s in Kenya. Abstract In shaky, uncertain economies, small and medium enterprises often take the biggest blow in periods of slow or no business. When there are minimalistic orders, the impact is immediate as most of these firms don’t have a wide array of products compared to big firms. As a small organization, it’s always important to have a proper Information technology portfolio to help them carry out proper analysisRead MoreChallenges of Small and Medium Enterprises in Kenya1728 Words   |  7 PagesSMALL AND MEDIUM-SIZED ENTERPRISES SME stands for small and medium-sized enterprises – as defined in EU law: The main factors determining whether a company is an SME are: 1. Number of employees, and 2. Either turnover or balance sheet total | |Employees |Turnover |or |Balance sheet total | |Company  category | | | | | |Medium-sized | 250 Read MoreEssay about Problem Set 11638 Words   |  7 Pagesï » ¿CACL 2014 Case studies and problem sets Problem Set 1 The following problems and questions should be answered after you have read Chapters 1 and 2. 1. GML is a public company. Its shares are listed for quotation on the ASX. What does it mean to say that a company is listed? Are all public companies listed on the ASX? See [ ¶1-120], [ ¶1-140] and key terms [ ¶1-500] If a public company is listed on the ASX, members of the public can buy and sell securities (such as shares) issued by the company

Michael Jackson Essay Example For Students

Michael Jackson Essay Decades in the business and only 5 major albums to show for, each one has bulleted to the top of the charts and made recording history. From his mysterious demeanor, to his moonwalk and non-threatening voice, he became an icon to music lovers and fashion critics all over the world. His singing touched millions, and he left a profound impact towards everyone on Earth. In two words, he is summarized as simply The Man. However now he sings and lives in Europe, Michael Jackson Essay was forced to leave North America as the media broadcasted the sexual allegations against him, publicized his love life and the change of his skin color. After Michael Jackson celebrated his fifteen years of adult solo career success in the fall of 1993, he was accused of sexually harassing a child. The thirteen year-old boy, traveled with his mother and sister, along with Michaels traveling companions that year, which included accompanying him at the World Music Awards held in Monaco that year. This event was shown on television in North America on ABC, in the spring. Michael had the spot light on that evening as he received a good handful of awards, which were presented. He was purposely placed in the first row and nearly every reaction of his was shot on camera. Michael was shown with the same little boy sitting on his lap, which didnt make things any easier for him. These horrifying accusations pushed him into a shell. And people all over the world were wondering if he would ever come out. While 1993 became 1994, the media that supported him and told the world he was innocent, turned around and stabbed him in the back, as their viewer numbers dropped. They took the lead in presenting speculations and a string of untried statements, both from Michaels former employees ad his strayed sister, La Toya. Each new speculation was posted mostly on highly named newspapers like the Globe. Then everyone wanted to sell a story, like his employees, beginning with Stella and Philippe Lamarque, Jacksons housekeepers. They asked a price of about half a million but were sold to the Globe for $15,000. No one interviewed or questioned the motivations of any of these participants, and Michaels continued denials seemed to go unheard by everyone. He released that everyone was against him, so decided to take a break and he left North America for sometime. He later returned but people still considered him as the very worst of humanity. It did not matter if he was innocent or not as the case was thrown out of court in July 1995. The media had already put it in the publics mind that he is guilty. They also made the public think that all the children who were ever seen with him must have also been sexually molested. Michaels love life was also posted on the television. The media interfered and followed him and his girlfriend Brooke Shields at his Nederland ranch and amusement park near Los Angeles. This drove Brooke Shields further and further away from him, as she didnt want all the publicity at the moment. The media also influenced the divorce between Elvis daughter Lisa Marie Presley with Michael Jackson. These two couples had secretly got married in the Dominican Republic as Michael told the world in the interview with Oprah. The media took pictures of them and anglicized them, they had pictures of them kissing and said that he didnt kiss her as though he loved her. It was just an ordinary kiss. They also said these two couples did the nasty stuff but Michael not really meaning it. These accusations lead to their divorce and the end to another marriage for Michael. In November 1996, he announced that his friend Deborah Rowe was carrying his child. The couple denied all tabloids reports that he was using her for her womb and she was artificially inseminated. Wutherin Heights Essay This promo clip spawned a follow-up, The Making Of Thriller, which in turn sold more copies than any other home video .

Examples Questionnaire on Thesis free essay sample

When was the serenity hills establish? 2. Who is/are the owner/s of the serenity hills? 3. Where does the name of this cemetery derive from? 4. Where is the exact location of the cemetery? 5. Do you have another branch? How many and where? 6. How much was the starting capital for this cemetery? 7. How many square meters does the serenity hills has? 8. How a certain graveyard may locate? Is it base on Street/block? If yes, how many and what are the names of street/block? What are the divisions of your cemetery? . Approximately how many graveyards may occupy from this private cemetery? 10. How many are the occupied graveyards? How about the vacant? 11. How fast does the population of your cemetery increases? 12. What happens to the graveyards which are not being visited for a long time? 13. When to remove the â€Å"labi†? 14. How is the contract (occupying/buying/renting) goes? 15. How does billing sytem goes? How about the reservation system? What are the common errors for the said sytems? 16. We will write a custom essay sample on Examples Questionnaire on Thesis or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page How much is the selling rates? Do you have discounts? 17. What are the informations needed to buy a grave/lot? 18. Do you have different packages/fees? 19. How do I record the change in ownership for a grave or a buy back? 20. Why are multiple levels allowed in one grave? 21. Do you have Deeds? 22. How much is the exhumation fee? 23. Do you also have cremation? How much? 24. How do you maintain the information about all the burials? 25. What do you do with the ashes after cremation? 26. What are problems do you encounter during your manual operations? 7. Where do you keep the files of information of your customer? How do you keep it ? 28. How to apply for a cremation? What are the informations needed in the application form? 29. Is your cemetery open to all religions? Why or why not? 30. Who are the employees of the Serenity? What are their roles? 31. Do you have your company logo? What does it stands for? 32. Why do you prefer to build a cemetery in Antipolo instead of other places? 33. What are the rules and reg ulations of Serenity Hills? (visiting hours)

The Micromanager essay

The Micromanager essay The Micromanager essay The Micromanager essayIn the contemporary business environment the development of effective leadership style is crucial for the successful business development and maintenance of positive interpersonal relations within organizations. In this regard, the case of George and Shelley reveals the full extent to which the leadership style can affect not only interpersonal relations but also the professional performance of employees as well as organizational performance. In fact, George fails to elaborate the effective leadership style that turns out to have a negative impact on the performance of Shelley. As a result, she cannot perform her functions properly at the position of marketing director. Therefore, the leadership style can influence the professional performance and organizational performance that means that leaders should be able to be flexible enough to find the personal approach to each employee, while employees should also be able to adapt their performance to the leadership s tyle of the leader.George’s leadership style is authoritarian in its essence and paternalistic in a way, because he tries to keep Shelley, a recently employed marketing director, under his total control and guides all her actions (Fryer, 2004). Such leadership style is the characteristic of authoritarian leaders, who want to keep under control all the staff and the entire organization (Mohrman, 2011). In fact, George believes that he is doing good for Shelley assisting and supervising her and he is absolutely unaware of the fact that his leadership style is destructive and deteriorates not only his relations with the marketing director of the company but also threatens to the performance of the entire department. Shelley, being frustrated from his leadership style, cannot perform effectively.At the same time, such leadership style is not appropriate in relation to Shelley, who came to the company being full of aspirations that she will have an opportunity to lead the marketin g department of the company her way. Instead, she faces the permanent pressure, control and interference from the part of George. Such leadership style is inappropriate because it makes Shelley feel as if George does not trust her and does not believe that she is a well-qualified professional, worthy of being the marketing director in the company.   In such a situation, the risk of conflicts between George and Shelley emerges because Shelley cannot work as she wants, while George cannot focus on his own functions since he keeps supervising Shelley’s work tightly.In such a situation, Shelley may consider changing her relations with George. She should state clearly that she is the marketing director of the company and she is fully responsible for outcomes of her performance and performance of her department. This is why she should ask George to let her work for a month on her own without interference and supervision from the part of George and, if George turns out to be dissa tisfied with her performance and performance of her department, he could dismiss her. In other words, Shelley should ask George to ask for a chance to show her professionalism and to persuade George that she can work on her own and does not need the support of George or his excessive supervision. Moreover, such position of Shelley would show George the full extent to which Shelley is certain in her professional skills and abilities that she is ready to put her position at stake.The problem of George is his authoritarian, hand on management style which turns out to be depressing for Shelley, who feels her sense of professionalism being offended because of such excessive supervision from the part of George. George fails to establish positive interpersonal relations with Shelley that leads to the steady deterioration of her performance not because of her professional skills and abilities but because of George’s constant interference into her work.The cause of the problem is the failure of George to change his management style and adapt it to the specific employee, namely Shelley. George keeps supervising Shelley depriving her of an opportunity to manage marketing department as she wants to.The possible solution to the problem of George and Shelley’s poor interaction is the change of George’s management style, which involves granting Shelley with larger autonomy and independence in her work. In such a way, Shelley will not feel being offended because she believes that George considers her unprofessional (Chambers, 2005). At the same time, this solution will give Shelley a chance to manifest her professionalism, while George will have more time on other tasks and problems, which he can solve, aside of Shelley’s tasks and functions, which he attempts to supervise at the moment.Thus, George and Shelley should step to the next level in their professional interaction. George should let Shelley work autonomously, while Shelley should prove Ge orge that she is qualified enough to work on her own.

Life of Dementia Patients Research Proposal Example | Topics and Well Written Essays - 1250 words

Life of Dementia Patients - Research Proposal Example In the later stages of dementia, patients normally, exhibit signs of time disorientation in the sense that they can say the exact time or even differentiate between day or night. Secondly, at the later stages, dementia patients cannot even be able to tell their exact location, and/ or even identify people they used to know. Thirdly, dementia patients also tend to exhibit a loss of control in their own behaviors as well as emotions. Lastly, dementia patients tend to suffer from impaired problem-solving skills meaning that they cannot also be able to reason properly because of lack of sound mind. Repper and Perkins (2003) noted that for a particular case to be classified as dementia, medical practitioners recommend that the symptoms have to be persistent for a period of more than six months. According to the writings by Repper and Perkins (2003), they stated that persons who have suffered from previous physical impairments are prone to dementia more so those who had a brain injury. Bartlett and O’Connor (2007) on their part stated that most dementia patients are persons above the age of sixty-five i.e. the geriatric population but there have been reported cases of dementia occurring before the age of sixty-five. Because of the unique nature of the dementia symptoms, the nursing requirements for catering for these patients tend to be unique because it is not focused towards ensuring the patients regain their full health back but rather it is focused on enabling the patients to cope with the condition, whilst feel only an insignificant pain or inconveniences caused by the condition. Therefore, it is particularly important to investigate the roles that nurses play in ensuring that dementia patients have a better quality of life despite their condition. The extent, nature, or standard of the nursing care given to dementia patients determines the quality of life the patients have until their death occurs. In this regard, Baldwin (2008) lamented on the fact that because of the rare incidences of dementia cases, there has been a little focus on the role of nurses in providing care to dementia patients.

Competency through an academic preparation Essay - 3

Competency through an academic preparation - Essay Example I believe that my genuine interest for the profession and the proven program of Gannon University would enable me to successfully complete the program. I have completed a degree in Business Administration from Arab Open University. I also have an experience working in the industrial sector and this made me appreciate the necessity of pursuing a degree in Engineering Management to better the prospect of my career and become one of the organization leaders of Operation department in the industrial sector. I am always ready to take risk and work hard. I keep a dynamic mind and always want to update my knowledge on my area of interest. I believe these qualities would contribute much to pursue my degree without much difficulty. There are many reasons why I believe I can do well in my studies. I am systematic in addition to being a hard worker. I do not procrastinate tasks for the next day and I am not daunted by challenging tasks. In fact, the more challenging the task, the more enthusiastic I become to resolve it. My previous professional experience can prove it. This attitude of mine in dealing tasks and studies made Jubail United Petrochemicals Company (SABICs Affiliate: one of the largest Petrochemicals company in the world) to offer me a comprehensive experience when I was acting as team leader in the Department of Operation. I was involved in the project construction, commission, start up, shut down, trouble shouting, turn around and catalyst replacement of a huge Ethylene Oxide / Ethylene Glycol plant. This experience trained me to lead, analyze various situations and also to cope with emergency scenarios. I also gained knowledge in technical, safety and basic engineering knowledge which I believe are helpful in my studies. Â  

Money, Power, and Wall Street Essay Example for Free

Money, Power, and Wall Street Essay The meltdown of 2008 struck the banks when they were unable to adequately deal with the financial crisis. Banks are designed to create and protect one’s wealth, but they took advantage of the people, and let people take many loaning risks that they couldn’t afford. Banks created the credit default swap which transferred credit of fixed income products between parties. In learning about the credit default swap in class, it is understood that the buyer receives credit protection, whereas the seller guarantees the credit. Therefore, the risk of default is transferred from the holder to the seller of the swap. But swaps allowed companies to shed the risks they didn’t want to take. When the banks first created the swaps, it gave investors the opportunity to invest in bank loans. From there, banks sold derivatives on all portfolios by synthetic investment. Investors were able to invest in credit default swap and make it grow. Credit then became a more available asset which stroke employment. Now all banks wanted credit derivatives; which are privately held negotiable contracts that allow consumers to manage their exposure to credit risk. The main problem with this was they assumed risk could be eliminated, but it couldn’t. In order to regulate derivatives, Congress passed the Glass-Steagall Act in 1933 to establish deposit insurance, and implemented a number of banking regulations. As learning in class, this affected every business in America. There was now a high rating, and high yield. The big return was bankers now bought bundled mortgages. Homebuyers were able to pay double, but lending was too much; making people going bankrupt in home mortgages. Borrowers gave loans greater than the value of that loan, which made the financial bubble burst, creating a recession. With bankers ignoring all the possible risks from the beginning, they feel into a deep crash. Goldman Sachs was the only bank to make money off the bubble burst by betting against their clients.

Water in T. Coraghessan Boyles Greasy Lake Essay -- T. Coraghessan B

Water in T. Coraghessan Boyle's Greasy Lake Water is a powerful medium for introspection. This truth is evident in the short story, 'Greasy Lake,' by T. Coraghessan Boyle. In this story, water serves as a catalyst for self-reflection, as it propels the protagonist into a certain degree of conflict, and ultimately works to reveal and confront the character?s inner struggle. In 'Greasy Lake,' the dualism of the characters' nature is ever-present. They are self-proclaimed bad guys who 'cultivated decadence like a taste' (79). As the story progresses, however, it is revealed that just the opposite is true. While they are essentially caricatures of themselves, it is this dynamic that drives the story. Their tough exterior is just that, an exterior veneer that permeates their actions as 'dangerous characters.' The narrator is somewhat detached from the younger self of his story. It is an ironic detachment'a parody of his moral ignorance. He recalls the 'bad? antics of his youth: driving their 'parents' whining station wagons,' but doing so as bad as humanly possible, of course. He mocks both himself and his friends in his retrospection of their experience in Greasy Lake, the consummate locale of 'bad.' To the boys, the lake serves as a kind of haven for bad characters such as themselves. Truly, however, the lake is an extension of the dynamic between who the boys are and who they parade around as. It is here where the previous and false understanding about their world is shattered, and they are thrust into a moralistic reformation. Ultimately, the dichotomous nature of the protagonist is resolved by his visit to the lake, and perhaps, the lake itself. Water proves to be significantly influential as it relates to... ...ll he can do is suppress his urge to cry. The protagonist?s realization of his own maturity is ironic. Once so eager to appear ?bad,? but lacking the true essence of this word, the narrator has achieved this status at the price of his naivete, and wishes that he could return. In ?Greasy Lake,? water is a powerful entity. The lake works to reveal the true nature of the narrator and his friends. Water is in itself the most influential character of the story. It submerges the protagonist, both physically and metaphorically, in his own mentality. The lake serves as a great equalizer. It creates and resolves conflict, all to force the narrator to confront his weakness and reveal his strength. Works Cited Boyle, T. Coraghessan. ?Greasy Lake.? Doubletakes: Pairs of Contemporary Short Stories. Ed. T. Coraghessan Boyle. Boston: Wadsworth, 2004. 79-87

Case Analysis on Capital Structure Pioneer Petroleum Essay

Introduction: This landmark case seeks to break the risk-reward trade off involved in calculating Capital Cost. The object of the solution must be to minimize project risks while maximizing project opportunities available. We want a rate and a rating system that does not unnecessarily reject â€Å"the best available projects – i.e. highest net positive free cash-flows at that time.† Particularly in times of excess capacity, this will marginally contribute to increasing company wide yields, but will not necessarily match the company-wide yield imposed by investors. History of the Company and Background of the Case: Sometime in July 1991, one of the critical problems confronting management and the board of Pioneer Petroleum Corporation, hereinafter referred to as Pioneer, is about Capital Budgeting; specifically they needed to determine the Minimum Acceptable Rate of Return, or MARR, on new capital investments. Their capital budgeting approach was to accept all proposed investments with a positive net present value when cash-flows are discounted at such appropriate cost of capital. Formed in 1924 through mergers of several formerly independent firms operating in the oil refining, pipeline transportation, and industrial chemical fields, pioneer Pioneer did vertical, horizontal, and backward integrations into exploration and production of crude oil, marketing refined petroleum products, plastics, agricultural chemicals, and later diversified into real estate development. In 1985 Pioneer restructured further into hydrocarbon-based oil, gas, coal, and petrochemicals. Statement of the Problem: What rate or rating system will consider specific, inherent risks of divisions and operating sectors AND consider benefits ascribed to the single-rate Weighted Average Cost of Capital approach? How can we help Pioneer Petroleum make an objective, rational choice on the hurdle or cut-off rates for evaluation of new projects in a fully integrated conglomerate of multiple divisions; determine whether they should use the SINGLE company wide Weighted Average Cost of Capital, which reflect the rates at their face value to the company, OR proposed MULTIPLE Divisional Cost of Capital, which reflects risk-profit characteristics inherent in various divisions and operating sectors. Objectives/ Directions of the Solution 1) The decision must help the management and board of directors of Pioneer Petroleum decide on the fair and objective Hurdle Rate/s that will fairly qualify new investment projects of Pioneer Petroleum divisions 2) Whatever the recommendation ought to be consistent with facts of the case, and provide consonance, rather than inconsonance, with the efforts of both the division and central or corporate management to execute strategy, leverage on strengths, and empower the company to make investments to gain and sustain competitive advantage. 3) The recommended project rate and rating system must be simple, objective and fair. 4) It must consider specific, inherent risks of divisions and operating sectors 5) It must also address the interest of stockholders to maximize return on their equity or investments. Case Facts and Assumptions: 1) It is the Policy of the board to balance the source of funds, or to keep the funded debt and equity ratio at 50:50 . Debt and Equity financial ratios are: a. D-E ratio for refining is 1.5:1, b. D-E for the exploration is 0.8:1. 2) The Income Tax Rate is given at 34%. 3) Revenue is $15.6 billion 4) Net income $1.5 billion. 5) It is given that dividends increased by 10% in 1990 and 1991, and therefore we will assume to use the higher target equity yields of 2.7 (add the 10%), rather than 2.45 the actual yield of 1989. 6) The company’s Corporate Debt was A-rated; this means it is deemed to carry much low risk than the general investing or borrowing public. 7) Capital Expenditure budget are enormous, $3.1 billion in 1990 and $4.5 billion in 1991, underscoring the significance of appropriate and accurate weights and calculations for Cost of Capital. Strengths and Opportunities. Pioneer was one of the primary producers of Alaskan Crude. The company’s gasoline are among the cleanest burning fuels. By 1990, total revenues exceeded $15.6 Billion and net income over $1.5 Billion. Pioneer supplied its own raw material for domestic petroleum liquids production and was also one of the most cost-efficient refiners of the West Coast and had an extensive West Cost presence. The company has clean, efficient running plants positioned to meet strict environmental guidelines capitalize on less polluted products. Capital expenditure investments ran at $3.1 Billion, with forecasted expenditures of almost $4.5 Billion in 1991. Pioneer was also heavily invested in Environmental projects. Its chemical unit produced 1/3 of the world’s supply of methyl tertiary butyl ether, MTBE, an ingredient making its gasoline one of the cleanest burning in the industry. The MTBE market had been growing with the global trends towards sustained development of the environment. Refining its cost of capital calculations will not only preserve its much-needed capital, but it also unlocks new capital — and maximizes existing capital — to capitalize on such huge opportunities, particularly the passing of the 1990 Clean Air Act with which came tremendous area in which Pioneer might capitalize on its eco-strengths. Weaknesses and Threats: To meet Pioneer expected to invest $3 Billion additional to meet the new law’s standards among other new environmental regulations. Its multinational status makes it vulnerable to foreign currency exchange risks, political risks, interest rate volatility, cultural risks, and transfer pricing and other transnational risks involving a complex network of sources, sinks and of moneys, products and services. Its fully integrated set-up requires spreads itself quite thinly, and requires seamless transnational collaboration and cross-border coordination to work. Management wanted synergy among global divisions to optimize overall performance, and obviously to decrease these complex risks. Methodology: The weighted cost of capital approach is applied, first apportioned pro rata based the usual cost of the fund source: i.e. debt and/or equity. The cost of debt would be prevailing interest rates, and the cost of equity would be â€Å"foregone† earnings on capital invested as equity – i.e. earnings per share over market value per share. The second approach is similar, but with multiple cutoff rates. First it is broken down by Divisional Cost of Capital – i.e. calculated using a weighted average cost of capital approach, but this time for each division or operating sector; before further drilling down by cost per fund source. Calculations would follow three (3) steps: a) First an estimate would be made of the usual capital structure, or debt to equity proportions, of independently financed firms operating in each sector. b) Given these proportions by sector, for each operating sector, the costs of capital – divisional debt and equity – would then be estimated in accordance with the concepts followed by the company in estimating its own cost of capital. This means Divisions are to use the WACC rules followed by the company, in estimating its own Weighted Average Cost of Capital. To describe this approach in a financial function: The Weighted Average Cost of Capital = WACC = sum of Divisional costs of capital = Sum total of [Divisional Costs of Debt plus Divisional Costs of Equity]3 Decision Alternatives for Selection of Marginally Attractive Rates of Return: Management and the board are choosing between two alternative approaches: 1) The Single WACC Rate, company-wide Weighted Cost of Capital approach, where specific rates weighted were those based on the sources of fund, debt and equity, in estimated proportion of future funds sourced; AND 2) Multiple Cut-off or Multiple Hurdle Rates for Divisional Costs of capital, involving determining the rates or weighted costs of capital for each main Operating Sector. 3) Hybrid or Combination thereof – taking the positive aspects or advantages of both methods; i.e. for example, the requirements of stockholders for return on equity on the one hand, AND the requirements of divisions or operating sectors to address specific local risks, and implications on local incentives. Case Analysis and Discussion. The two alternative approaches â€Å"purpose and benefits† are culled from the case, as follows: 1) The single, company-wide Weighted Cost of Capital approach, where specific rates weighted were those based on the sources of fund, debt and equity, in estimated proportion of future funds sourced; this gave a WACC rate of 9.0%. Proponents of the single rate might argue as follows: a. It is far simpler to calculate. b. It covers the actual rate or â€Å"cost of the source of funds† at face value of bonds or notes payable, or statements of stock or equity; c. It appears to be more conservative than divisional rates because it does not consider economies of scale of fully integrated conglomerates that benefit the divisions or subsidiaries in ways that not reflected in the divisional costs of capital or rates. d. The problem or effect of such diversification benefits on the rate is that Divisional Rates calculated independently, may be considered lower – in reality. Why charge sunk costs, one might ask to the division. The problem here is that the hurdle rate may be too high for many â€Å"projects,† and therefore unduly rejected; when in fact they ought to be accepted. IF they are accepted by competitors with similar integration benefits, perhaps, they will benefit from marginal income and grab this benefit from Pioneer’s subsidiaries. e. Pioneer’s shareholders expected the company to invest funds in the highest return projects available. f. Proponents of the single corporate rate argued that those advocating multiple rates were those who were not able to compete effectively for new funds, when measured against the corporate group’s â€Å"actual cost of capital.† g. Single-proponent advocates lacked confidence in the fairness and integrity of the process of selection of divisional rates. For example, the transport division had â€Å"unrealistically low hurdle rates† considering experience in tanker investments had been â€Å"disastrous for many companies.† There were also still some areas of ambiguity, such as how to treat environmental projects (or for this matter, central HQ projects over which Divisions have little or no control). h. Another concern was how the benefits of full integration – acquired through very costly mergers and acquisitions — would be considered in divisional rates. IF divisions lowered their rates, this might not be enough to cover central requirements. i. Reduced risk, economies of scale and other diversification premiums — remained unaccounted for in the proposed divisional costs of capital approach. There were considerably less risks for instance in subsidiaries of an integrated firm like Pioneer, than for independent petroleum dealers or non-members of the group. This being the case, was it fair to demand such a high hurdle rate given that the risks were much lower at some divisions than others? 2) Multiple Cut-off or Multiple Hurdle Rates for Divisional Costs of capital, involving determining the rates or weighted costs of capital for each main Operating Sector. The divisional rate approach seems far more complex, but proponents of divisional costs of capital argued included the following purposes and advantages of this scheme: a. The proponents of multiple divisional hurdle rates argued that a single companywide cost of capital (WACC) â€Å"subsidized the higher-risk divisions† at the expense of lower risk divisions. b. Because the cost of capital was too high for the low-risk divisions, too few low-risk investments were made. c. On the other hand, in the high-risk divisions too much investment occurred because the hurdle rate was too low. As evidence, proponents of multiple rates noted that Pioneer was the only major company that continued to invest heavily in exploration and development, and that it lagged behind its competitors in marketing and transportation inv estment. d. The divisional rates approach – there was nothing new in the calculations – except that sector rates would reflect the risks inherent in each of the operating sectors of the conglomerate. e. Evaluation of future capital expenditure or investments in each of the main operating areas of the company would be appraised pro rata based on the appropriate rate of return for that industry sector; f. For evaluation of actual financial performance — say, for incentives and bonuses — multiple cutoff rates would fairly represent the rates charged to each of the various profit centers for capital they employed or â€Å"borrowed from headquarters† so to speak; g. The proponents for multiple divisional hurdle rates also argued that the companywide cost of capital was too low, and that investments should be required to earn at least as much as an investment in common stocks. The average return since 1980 on the S&P index of common stocks of 16.25% substantially exceeded the 9% companywide cost of capital (see Exhibit 2). If Pioneer was serious about competing over the long run in industries with such disparate risk-profit characteristics, it was absolutely essential to relate internal target rates of return to the individual businesses. It was argued by proponents of the multiple divisional cutoff rates that for subsidiaries and sister firms of integrated firms like Pioneer, the inter-company-benefits mitigated the risks involved with large refinery investments. Thus in some cases rates lower than companywide rates of return were justified. There was a â€Å"diversification premium† which ought to be allocated back or deducted from the subsidiary discount rates, as calculated previously in proportion to the relation between the investment in each subsidiary and, say, the company’s total asset. Formula used for Weighted average cost of capital is WACC = K(d) + K(e) = Kd(1-t)*DEd + Ke*DEe Pioneer’s original calculations for WACC are summarized as follows From Exhibit 1 The case mentions however, that the interest used is a coupon of 12%, assuming it retains an A rating, and a 34% tax rate, this represented a 7.92% cost after tax. According to Investopedia, coupon is defined as the interest rate stated on a bond when it’s issued. The coupon is typically paid semiannually. This is also referred to as the â€Å"coupon rate† or â€Å"coupon percent rate†. The divisional cost of capital would then be calculated using a WACC approach for each Operating sector; i.e. as though each sector were an independent company competing in its own industry -Note that the same WACC formula above is used to estimate divisional cost of capital, except it is not company wide, WACC rates in specific operating sectors such as business.. The divisional perspective overlooked that each business was also part of an integrated company with â€Å"risk diversification benefits,† economies of scale and other integration benefits, say of a large refinery. The case pointed out the weakness of a single-rate policy. On the one hand, very few low risk investments were made, precisely because of the high rate of return on investment required by the pre-assessment. The hurdle rate was too steep for â€Å"low risk divisions.† Too few passed the gauntlet, so to speak. On the other hand, too much money was invested in high-risk divisions, because the hurdle rate on those operating sectors, was too low. Some members of top management felt that Company-wide cost of capital rates was too low, and investments should be required to earn at least as much as Common stocks – or over 14%. A couple of corrections need to be suggested on the single rate WACC of Pioneer. WACC = Kd + Ke Cost of equity, Ke. Note that â€Å"after prolonged debate,† Pioneer (management and board) decided to use 10%, which was the equivalent of $6.15 Earnings per Share divided by $63 Market Price per share. Using current earnings yield of their stock as the cost of both new equity stock and retained earnings.† In other words the 10% used was based on â€Å"actual† dividend yield and not the â€Å"projected† or the â€Å"required rate of return† for the company’s stock. Given a dividend growth rate of 10%, a share Market Price of $63, the next target dividend at $2.70 ( = $2.45 plus 10%), and the ratio of Equity to Debt at 50:50, then the cost of equity is therefore calculated as follows: Cost of equity: Ke = ((Target Dividend Value/Market Price)+Growth in dividends)*DEe = ((2.70/63) + 0.1)*(50%) = 14.3%. Cost of debt, Kd It seems the actual interest rate afforded Pioneer was not actually given in the case. What was used by management was the 12% coupon rate on bonds. Since Pioneer was an â€Å"A-rated† client, or deemed to carry very â€Å"low risk,† then this status ought to translate into a significantly lower cost of money or interest rate. To my understanding, a coupon rate would be like the hotel â€Å"rack rate† which would be much higher than what an A-rated client like Pioneer would be accommodated with. Let us assume a prime interest rate of 9%. Allow me to note that this assumption is just for the case exercise, but such information ought to be readily be available in the real world. The cost of debt is therefore: Cost of debt: Kd = Interest Rate * (1-Tax Rate) = 9% (1 – 34%) = 5.94%. Due to the 50-50 debt to equity capital structure, the actual cost of debt is 2.65%. The WACC is summarized as follows: The new WACC is 10.12%, as against the 9% estimated by Pioneer management. This means that companywide, projects that show a rate of return lower than 10.12% will not be approved. This is somewhat double edged, because it might mean that some projects which are less viable, but viable nevertheless, will be unduly rejected. It is suggested that rather than rejecting let there be a cap set on investments, and more flexibility be given on rates of return – sometimes this may be subject to abuse and manipulation. There are other countless foretelling signs of project success of failure than just numbers. As shown in this case, the hurdle rate WACC may vary, depending on the assumptions; for instance, if the debt to equity proportion changes, then the 50:50 â€Å"policy† might be irrelevant. Conclusions and Recommendations: FLEXIBILITY CUTOFF Rate Stop Loss Limits Forecasting Understand Risks, but also Opportunities Best-selling author of â€Å"Rich Dad, Poor Dad,† Robert Kiyosaki wrote, â€Å"Risk is a function of Ignorance.† It is always risky if it is not clear or understood. Unless objectively determined based on facts, a single, companywide rate of return used for expediency’s sake, is just as risky as a multiple-cut divisional cost of capital rate, that supposedly considers local risks of specific divisions or operating sectors. Conclusion and Recommendation Capital Structure2 is the mix (or proportion) of a firm’s permanent long-term financing represented by debt, preferred stock, and common stock equity, greatly affected by specific costs of capital or assigned hurdle rates, say in assessing weighted average costs of capital. CORE ISSUE – Hurdle rates2 are measures of the cost of capital, combined debt and equity, which a company targets for its projects to achieve in the planning period. The hurdle rate’s significance cannot be over-emphasized. If it is set too highly, it may spell tremendous losses in opportunities, or rejection of perfectly viable projects. This can also cause demoralization on the part of division personnel, who are rated based on such high hurdle rates. This means it is more difficulty to achieve, and thereby affecting managers and employees’ performance appraisals, bonuses and incentives. On the other hand, if we set hurdle rates too low [ in the game of golf, we might call this practice â€Å"sand-bagging,† or reporting a higher, more forgiving handicap to increase chances of achieving it ], this would be a major disservice to investors who expect maximum returns on their investments. They expect integrity in leadership, fair stewardship and good governance on the part of the board and senior management whom they have elected to run company affairs in their behalf. One limitation of classical estimates on Hurdle rates or Costs of Capital is that (1) investment and asset management decisions are held constant and (2) they consider only debt-versus-equity financing, which are not necessarily the only sources of financing. Recommendation: HYBRID SINGLE-MULTIPLE HURDLE RATE The solution must address specific legitimate needs of the different players, specifically the Stockholders, the Division heads, and top Management. Stockholders require better total returns on equity, and proponents of the Single rate assume that â€Å"the only way to achieve better overall returns on equity is to set company wide hurdle rates or weighted average costs of capital. They actually are not as concerned as division heads are, that some divisions are subsidizing others. This is not a sustainable practice. Pretty soon the winners who subsidize the losers will not find enough incentive to perform, and eventually leave. Division heads will be split into to. Winners, or Performers, and Losers, or non-performers. Top management must listen to winners and ought to reward them, outrageously, if they are to keep performing for the long term. This means that for winner industries, the practice of attaining a â€Å"hurdle rate† which in players’ perception is â€Å"too low†Ã¢â‚¬ ¦ becomes a disincentive over time. On the other hand, in â€Å"non-performing† divisions, good players that find the â€Å"hurdle rates† too high, are totally disillusioned and demoralized when standards are lowered to accommodate them. On a wider scope, Pioneer Petroleum needs to find a fair way to â€Å"allocate central costs in accordance with responsibilities† and to determine â€Å"strategic and financial measures† – including, but not limited to the Cost of Capital – between the central or corporate headquarters and its divisions and subsidiaries. This leads to less inter-departmental and inter-company conflicts, and more cooperation and synergy, which are necessary to for any breakthroughs to happen, i.e. in the direction of better project execution, better decisions and a more positive working environment. The recommended solution may be described as follows. 1) The policy we recommend is simply: Company Wide WACC = Sum of Divisional WACCs = Sum of [ Local Costs of Debt plus Local Costs of Equity] 2) The 50:50 capital structure does not seem like a well founded â€Å"policy† and must be revisited. The objective must also include maximization of risks and returns, and not to literally â€Å"balance† debt to equity capital structure. 3) An evaluation and rating system must be set up to allow managers to think global, but to act local. This means we do a Hybrid system of Corporate-and-Divisional hurdle rates, maximizing the benefits of both, and ascribing responsibility for the rate, where it is rightfully assigned. For example, the division management is responsible for maximizing its return rate, given the resources it is allowed access to, and given the authority and responsibility in its portfolio. Division managers are not responsible for a â€Å"company-wide rate† just as much as it does not have any control over other companies, or over corporate financial, operating or marketing strategy. 4) The total company-wide Rates of Returns (e.g. 10-15%) on Inv estments or capital expenditure, are the responsibility of top management, and to achieve this, there are other ways, besides imposing this global rate on every single operating division or subsidiary. 5) A fair system of multiple hurdle rates ought to reflected the specific risk-profit idiosyncrasies of its business divisions and operating sectors in which the company’s subsidiaries operated. 6) Using multiple hurdle rates will actually combine the strengths of performers in both â€Å"winner† and â€Å"loser† industry divisions. Fact is, the latter are not actually â€Å"losers†; just lower yields but still positive yields, which might be descriptive of industry performance. The key hurdle rates to accommodate this, might therefore be industry-specific MARRs or WACCs. As mentioned, the rate or rating system must consider specific, inherent risks of divisions and operating sectors – and at the same time – consider benefits ascribed to the single-rate Weighted Average Cost of Capital approach. 7) Aside from just calculating a â€Å"fair† rate, as financial advisors, we must equip Pioneer Petroleum top management with a better designed, more objective and more rational (less emotional) rating system; to help them rationally choose the corporate-and-divisional hurdle rates for evaluation of new projects in a fully integrated conglomerate of multiple divisions; determine whether they should use the SINGLE company wide Weighted Average Cost of Capital, which reflect the rates at their face value to the company, OR proposed MULTIPLE Divisional Cost of Capital, which reflects risk-profit characteristics inherent in various divisions and operating sectors. 8) The above rating system will help the management and board of directors of Pioneer Petroleum decide – every year – on the fair and objective Hurdle Rate/s that will fairly qualify new investment projects of Pioneer Petroleum divisions. a. It considers specific, inherent risks of divisions and operating sectors b. It addresses the interest of stockholders to maximize return on their equity or investments, which is ultimately the responsibility of TOP corporate management. c. It still uses the familiar Weighted Average Cost of Capital approach in calculating both single-company wide HURDLE rate, and divisional YIELD and HURDLE rates. d. Finally the solution MAXIMIZES OPPORTUNITY available in that it does not unnecessarily reject â€Å"the best available net positive cashflow projects at that time† which contribute to increasing company wide yields, but do not necessarily match the company wide yield. I believe this solution is easy to execute. It clarifies what rates to use as hurdle rates to truly evaluate . The solution must be win-win and acceptable proponents of both single and multiple rates References: 1â€Å"Pioneer Petroleum Corporation,† Case on Divisional Cost of Capital. Copyright  © 1991 by the President and Fellows of Harvard College. Harvard Business School Case 292-011. 2â€Å"Capital Structure.† Chapter 17, Fundamentals of Financial Management, 12/e  © Pearson Education Limited 2004; Slides by: Gregory A. Kuhlemeyer, Ph.D., Carroll College, Waukesha, WI 3â€Å"Investors need a good WACC.† Bill McLure, Investopedia Contributor, www.investopedia.com, http://www.investopedia.com/articles/fundamental/03/061103.asp 4â€Å"Definition of Weighted Average Cost of Capital.† Bill McLure, Investopedia Contributor, http://www.investopedia.com/terms/w/wacc.asp 5â€Å"Which is a better measure for capital budgeting, IRR or NPV?† Rob Renaud, Spotting Profitability with ROCE. http://www.investopedia.com/ask/ViewFAQPrintable.aspx?url=%2fask%2fanswers%2f05%2firrvsnpvcapitalbudgeting.asp ‘Accounts Receivable and Inventory Management’ Chapter 10, Fundamentals of Financial Management, 12/e,  © Pearson Education Limited 2004, Slides Created by: Gregory A. Kuhlemeyer, Ph.D. Carroll College, Waukesha, WI ‘Debt and Stocks,’ Chapter 20, Fundamentals of Financial Management, 12/e,  © Pearson Education Limited 2004, Finance Decisions and Investments,  © 2012 Lecture Notes by Dean Atty Joe-Santos Bisquera, LLB, CPA, MBA, De La Salle University College of Business – Graduate School

What Does Model Minority Bring - 911 Words

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For example, when Chinese people (the early generation) came to the United States, they felt the difficulty of working without knowledge. Most of the parents might try to figure out a better way to fulfill their â€Å"American Dream†. Therefore, parents had a great hope on their children (the late generation). â€Å"Immigrant parents tend either to emphasize educational attainment equally for boys and girls...† From â€Å"Education† given by Dhingra, model minority somehow brings more educational opportunities to immigrants. In some people’s opinion, different groups ofShow MoreRelatedWhat Historical And Governmental Policies Influenced Asian Americans1171 Words   |  5 Pagesreferred to as the â€Å"Model Minority† for decades, but is it an accurate representation of Asian America culture today? This notion derives from the stereotype that Asian families are stable and Asian culture produces success in regards to grades and professions. 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What singled out the most is that several of the candidates didn’t know anything or have heard about cochlear implants from their black counterparts, but were informed by medical professionals instead. The study was not to pointe the blame on medical professionals, insurances, and/ or physicians, but to take a deeper view of why is it that African AmericansRead MoreAmerican Media And Its Effects On Society1277 Words   |  6 Pagesbreak. While watching a fashion show, they might spot an Asian model strutting down the catwalk, but is this enough? Many movies only contain LGBT character’s when their sexuality is important to the plot. Disabled people are overlooked in the media and rarely if ever featured in cinema. Plus-sized men and women are often casted for commercials that only limit them to plus sized fashion instead of including them with average sized models. 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Annotated Bibliography of Articles about Nursing - 887 Words

Author. (2012, July). Nursing Workforce: Background Brief. KaiserEDU.org The strength of this study stems from it reliance on reports from foundations and government agencies with verifiable data. Nursing shortage data in this study puts the 2000 figure at 110,000 open registered nursing positions, which is a 6 percent shortage of supply. By 2008, this report indicted that hospital and long-term facilities were reporting a shortage of 8.1 percent. Estimates put the shortage of registered nurses at 260,000 full-time equivalents (FTEs), a figure that is double any nursing shortages since the 1960s. Solutions to nursing shortages that have emphasized increases in compensation or international recruitment are not expected to increase the supply of nurses over the long-term. This report addresses the inadequacies of institutions of higher education, noting that 75,587 qualified applicants were turned away from both undergraduate and graduate nursing programs in 2011 alone. Retention strategies are also addressed in this report, notably, the Nurse Reinvestment Act of 2002 and the Recovery and Reinvestment Act of 2009, but this legislation and investments by the States have had limited success. The report from the 2010 IOM/Robert Wood Johnson Foundation, The Future of Nursing, emphasizes professionalization and advanced practice strategies to promote interest and status for practicing nurses. The Patient Protection and Affordable Care Act (ACA) may bring about sea changes thatShow MoreRelatedA Annotated Bibliography On The Field Of Nursing1600 Words   |  7 PagesAn annotated bibliography is used to assess other written works of information related to the topic you are discussing. This assignment is to help students learn how to deal with one of the many communication concerns they may come across in the field of nursing. They will achieve this by researching and assessing other sources as well as evidently and logically writing about their findings. 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Prostitution Between Canada And Canada - 1712 Words

Prostitution in Canada: Changes in Legislation Due to the fairly recent changes regarding the legality of prostitution in Canada, individuals who use and provide these services have been cautious (Warnica, 2015). Unfortunately, new laws may create more problems than benefits, such as, financial problems due to fewer people buying sex because it is illegal to do so. In this paper, I will explicate and assess the new changes to the law regarding prostitution in Canada, arguing that prostitution should be legal in Canada. Prostitution laws vary all over the world. Some jurisdictions are similar to Canada whilst others are extremely different. The United Kingdom is similar to Canada, as acts related to prostitution are illegal but prostitution itself is not. In Germany, Netherlands, and New Zealand prostitution is legal and so are brothels. However, in Argentina, France, Singapore and Greece brothels are illegal put prostitution is. There is no universal agreement on how governments shou ld legislate or regulate prostitution. First, I will discuss what aspects of the law have been changed in Canada and what this means for prostitutes and their clients. I will then further discuss the points that adults can consent to sex and that the government has no right to completely ban consensual sex involving financial transactions between adults. In addition, individuals should be free to do what they want in regard to their own bodies and should be able to decide with whom they want toShow MoreRelatedProstitution Article On Prostitution Laws1640 Words   |  7 Pages Prostitution Laws in Canada Karlene Wright November 19, 2014 Prostitution Laws in Canada Introduction Prostitution is considered by many to be the oldest profession. Throughout civilization many society have had to address the issue of prostitution. Canada is a nation renown for promoting the advancement of women in all parts of the world. 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Due to various perspectives on how prostitution should be addressed through law, the legal status of prostitution varies from country to country. Prostitution itself has always been legal in Canada, however many activities tied to it have been strategically criminalized by prostitution laws. Canadian prostitution laws have evolved fromRead MoreThe Protection Of Civil Rights1589 Words   |  7 PagesIntroduction Canada is known to be one of the leading countries in the world devoted to the protection of civil rights. In the legal context, this feat was achieved through the drafting and the creation of the Charter of Rights and Freedoms in 1982. The charter was establish to enforce the rule of law and to serve as a mechanism which limits the overarching authority of the states. While the general public enjoys the benefits of numerous rights available to them through the charter, it is the mostRead MoreProstitution in Canada Essay946 Words   |  4 Pages Canada is a nation renown as a liberal-leaning, forward nation; promoting the advancement of women in all parts of the world. However, it is a nation guilty of punishing women for the circumstances in which they find themselves with laws showing an antiquated view on the issue of prostitution—one that prosecutes sex workers instead of those who take advantage of women’s situations and buy sexual services. BY examining the origins of current-day laws concerning prostitution in Canada and lookingRead MoreThe Negative Effects Of The Legalization Of Prostitution993 Words   |  4 PagesShea Pedro May 9, 2016 ENG2D1-06 Mrs. Galati The Negative Effects of the Legalization of Prostitution in Canada Prostitution is an excuse for someone to degrade someone else s body and exploit them. 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Since the recent phenomenon of advanced women’s rights through rigorous activist groups in the late nineteenth to early twentieth century, propelling the advance ment of women’s rights movements began to immerge in the first world. At its core, prostitution is not an individual issue, but rather, a societalRead MoreProstitution, Prostitution And The Commercialization Of Sexual Services1467 Words   |  6 PagesPrior to the decision in Canada (Attorney General) v. Bedford, prostitution and the commercialization of sexual services was not illegal; however there were three legislative barriers surrounding prostitution-related acts that implicated sex workers of criminal offences, thus the decision to work safe or risk arrest made their line of work difficult (Durisin, Love , van der Meulen, 2013). Due to public demand and the need to clean street prostitutes, the criminalization of prostitute related activities

Accounting for Managers Business Cost Accounting

Question: Describe about the Accounting for Managers for Business Cost Accounting. Answer: 1. Calculation of ratios for 2007 Current ratio Current asset 180742 Current liabilities 105064 Current ratio = current assets/current liabilities 1.72 Quick ratio Current assets 180742 Inventory 159880 Prepaid expenses 0 Current liabilities 105064 Quick ratio 0.20 Current ratio can be also be defined as the period in which the current asset and liabilities can liquidate. The current ratio is a ratio of current assets to current liabilities. The way by which quick ratio is calculated is by deducting inventories and prepaid expenses from current asset and dividing it by current liabilities. The optimum level of current ratio that a company should maintain is 2:1 whereas the optimum quick ratio is 1:1. The current ratio is 1.72 for super cheap auto limited whereas the average current ratio of the other firms is 1.76 in the same industry. Therefore, we can say that the current ratio is less when compared to the optimum current ratio as well as the average current ratio of the other firms (Needles Powers, 2013). However, this current ratio can be enhanced and the ideal current ratio can be achieved. The quick ratio is calculated as 0.20 whereas the average quick ratio of the other firms is 0.78 in the same industry. Therefore, the quick ratio is very less when compared to the optimum ratio and the average quick ratio of the firms of the industry. The company used to pay dividend 8 cents per share in 2006 but in 2007 the company decided to pay a dividend of 10.5 cents per share. The company has taken this step because it has experienced growth and wants to satisfy the shareholders. The earning per share has also increased from 2006 to 2007. We can draw this conclusion from the income statement that the company has a positive progress. It is a good indication regarding the movement of the company and is sure to provide a good response (Larry Christopher, 2012). Calculation of inventory turnover. Inventory turnover ratio Cost of goods sold 376733 Average inventory 147450 Inventory turnover ratio 2.55 Inventory turnover ratio is calculated to depict the efficiency of the firm and its management of inventories that it holds because of which this has been also given a name of efficiency ratio. This ratio is very important as it reflects the performance of the company (Needles, 2011). The two components of performance that affect this ratio is stock purchasing and sales. The more number of times the inventory is turned over the better is the performance of the company. So it is always advised to keep the inventory turnover ratio high. The company has shown increasing profits over the years which means that the company has the scope of expanding its business. The company can raise funds through equity or by taking loans (Needles, 2011). The company should raise its finance in such a way that the cost of capital does not increase. The company should analyse all the options available and choose the best one. Calculation of PE and Dividend yield ratio for 2007. PE Ratio Price per share 4.5 Earning per share 21 PE Ratio 21% The PE ratio is 21 for Supercheap auto limited whereas 16.7 is the average PE ratio of the other firms of the same industry. Therefore, we can say that the PE ratio is high when compared to the average PE ratio of the other firms. High PE ratio is a good indicator as it boasts regarding the strength of the company. Therefore, high PE ratio can be a good buy if the fundamentals are strong. Dividend yield ratio ? Cash dividend per share Current market price 4.5 Dividend yield ratio The average dividend yield of the other firms in the industry is 3.7%. 2. The different types of companies use different kinds of budget. It may be a flexible budget or a fixed budget. A company decides its budget according to the volume of operations then such company is said to make a flexible budget (Shim Siegel, 2009). For example, a manufacturer of a factory estimates that its cost of electricity and supplies is $10 per machine hour. He also estimates that the factory supervision, depreciation and other fixed cost is $60000 per month. The production equipment operates 5000 and 8000 hours per month. Then the flexible budget will be $60000+$10 per month. The main objective of performance valuation is to provide a fair and justifiable measurement of an employees contribution to the workforce, which help them to produce accurate appraisal document and provide protection to both the employer and the employee. A company has to prepare many other typed of budgets apart from the cash budget. The following are prepared prior to the preparation of cash budget- Sales budget- a number of sales will be recorded in the cash budget when the amount is received either from the customers or from the debtors. Capital expenditure budget- This expense will only be recorded in the period in which it has occurred. If a capital asset is bought then it will be shown on the payment side whereas if an asset is sold then the amount received will be recorded on the receipts side (Lanen et. al, 2008). Expenses budget- The expenses are recorded in the period in which it is actually paid. Outstanding expenses are not recorded in the cash budget. The operating cycle is the time period required to convert cash invested in raw material again into cash after passing through various stages of production (work in progress), finished goods and debtors. This operating cycle can also be referred as cash cycle. Lower the operating cycle lesser is the amount required as working capital in the firm. A manufacturing concern requires a higher working capital than a trading concern. It is necessary to understand all the element of operating cycle and cash cycle as it helps to analyse the requirements of the company and manage the working capital as per the requirements. There are various ratios and data which help us to analyse the efficiency of management of working capital. Some of them are- Working capital ratio- The ratio of current asset to current liabilities is called the working capital ratio or current ratio. Inventory turnover ratio- This is the ratio that reveals the number of times inventory is converted into cash in a given time period. (Venanci, 2012). Accounting is very important for all kind of enterprises either it is a private enterprise or a government enterprise. Even if the government does not carry on business for profits it has to prepare proper and reliable financial statements for reasonably informed users. It should reveal all the relevant information such as the financial position, profitability and liquidity of an enterprise (Robinson Last, 2009). There are certain purposes of the costing system. They are- i) Budgets are established with the help of proper costing system. The costing system ensures those proper budgets are established. ii) Cost control and motivation and measuring efficiencies. Efficiency enhancement is by dint of proper costing system. iii) Cost reduction can be attained with the help of costing system as changes are noted at the earliest and eliminated. iv) Cost reports are prepared in order to simplify the process and operations are refined. v) The assigning cost to the different level of inventories such as material, work in process and finished goods inventories. Therefore, costs are allocated with proper ease and hence, a great result is obtained (Larry Christopher, 2012). 3. Calculation Manufacturing overhead allocation rate for wonder product Manufacturing overheads for the year 598,080 Total machine hours for the year 7,000 =Manufacturing overhead / total machine hours =598080/7000 =85.44 per machine hour Calculation Administrative overhead allocation rate for wonder product Administrative overheads for the year 695,520 Direct labour hours for the year 14,000 =Administrative overhead / direct labour hours =695520/14000 =49.68 per labour hours Direct material= $19000 Manufacturing overhead= 85.44*400 =$34176 Administrative overhead=49.68*750=$37260 Total cost =(19000+34176+37260) =$90436 Profit = 40% * 90436=36174 Total sales value =$(90436+36174) =$126610 The allocation of overhead expenses is a crucial part when quoting on jobs and when generally deciding prices because of the following reasons- i) It makes taking decisions easier by providing relevant information- Setting prices for a product is one example that must be made by management. The management has a great say in deciding the prices of the product. This is a very crucial part to be played because to receive more than what we have spent requires great efforts and so setting up of prices keeping in view all the expenses is very essential. It is necessary to include direct cost but it is equally important to include the overhead also.(Horngren Foster, 2008). ii) Promote efficient use of resources- A product is emerged after passing through various stages of production and such production process involves many activities. These activities include setting up of machineries, finalising the finished products and rectifying the defects found therein. The managers need to be efficient in all their works so that they can promote efficient use of resources.(Charles, 2012). There are many problems encountered with the allocation of overheads which need to be rectified. The allocation of overhead depicts the understatement of the profits earned by business beyond the budgeted volume. Overhead allocation is distributed to all products irrespective of volume. When sales exceed the budgeted expectations, the accounting department will not discontinue to charge these allocations to the individual product even if the company has already generated enough business to cover the actual corporate overhead (Charles, 2012). Predetermined rate is the rate which is calculated before the period commences. The major use of this rate is to apply the manufacturing overhead to the work in progress. It also reveals the manufacturing cost of the product. The computation of this predetermined rate is done by dividing budgeted overhead by cost driver. It is a very important part and role which every manufacturing concern has to perform. It maintains the balance between the expenses and sales volume. Manufacturing cost or the cost of work in progress is calculated by using the predetermined rate and not by using the actual overhead rate. It helps us to achieve our goal of recovering more than what is spent. It helps us to ascertain the total cost of the job specified. References Charles, T.S 2012, Cost Accounting: A Managerial Emphasis, Pearson Education Horngren, C T Foster, G 2008, Cost Accounting: A Managerial Emphasis: United States Edition Lanen, W. N., Anderson, S Maher, M. W 2008, Fundamentals of cost accounting, NY: Hang Loose press. Needles, S. C 2011, Managerial Accounting, Nason , USA: South Western Cengage Learning . Needles, B. E. Powers, M 2013, Principles of Financial Accounting. New York Press Robinson, M., Last, D 2009, Budgetary Control Model: The Process of Translation. Accounting, Organization and Society, NY Press Shim, J. K Siegel, J G 2009, Modern Cost Management and Analysis, Barron's Education Series Spiceland, J., Thomas, W. and Herrmann, D 2011, Financial accounting, New York: McGraw-Hill/Irwin University Press Vanderbeck, E J 2013, Principles of Cost Accounting, Oxford university press Venanci, D 2012, Financial Performance Measures and Value Creation , State of art . New York: Springer. Larry M. W Christopher J. S2012, Managerial and Cost Accounting, Pearson Press