Is marriage an outdated tradition Essay Example for Free

Is marriage an outdated tradition Essay Is Marriage an Outdated Tradition? In this essay I will be explaining whether marriage Is an outdated tradition along with my opinion and the ones of Christians. In my oplnlon I believe that No, marriage Is the same strong, important connection it was 100 years ago. The difference is the people who enter into it, and the way society no longer supports the couples who choose it. Weve become a need It now society and are ready to discard whatever doesnt give us Instant happiness. Divorce has become so acceptable that couples go Into arriage with the plan to divorce If they arent satisfied (prenup) as compared to the people in our past who believed marriage was forever and were motivated to keep working at the relationship and to make it work. Today couples are ready to give up as soon as its not fun or the sex becomes dull. The other part of the problem Is societys lack of support for marriage. The UK benefit system Is too lenient towards those who choose to have children without being married therefore helping them with housing, childcare, schooling and food. The rest f the family before would be providing emotional support and pressure for the couple to work at the relationship, now its more looked at it as being only their problem and not a problem for the people around them. Today were more concerned about an individuals right to personal happiness than to supporting responsible or ethical behaviour-I believe a persons happiness Is extremely Important but peoples morals and ethics are what make them happy. I also believe the idea that something thats worth having is worth fighting for, having omething a long time, the pride of working at something, at pushing through the hard stuff to be able to stand back and look with pride at having made something great, is gone. The Christians of the Catholic Church teach prohibition of premarital sex along with the rejection of homosexual marriage, abortion and contraception but also the acceptance of everyone and equality but while all those are very Important none is what makes the bond of marriage stick. It happens when two people who are free to marry and are physically and emotionally capable of marriage give themselves o each other, understanding that marriage means being open to life and commitment and to faithful love till death.

Death And The Kings Horseman: Giving Up The Battle Essay -- essays res

From the Western perspective, it is hard to understand ritual suicide as anything positive or helpful to the living. There almost seems to be no Western equivalent to the "duty" of Elesin in Death and the King's Horseman. However, Wole Soyinka gives us a comparable situation in Jane's description of a captain blowing up a ship to save the people on the shore. It's a moment of hypocrisy on Britain's part, both trying to prevent Elesin's suicide and lauding a Western suicide which purports to do the exact same thing - save the living from destruction. It's also clear that Olunde sees this ridiculous parallel, but he does not make Jane see the connection. Instead, he lets the matter drop, which, in the Western perspective is puzzling. We want everyone to see the truth and explain it, and think worse of Olunde because of his inability to show Jane what's really going on. But it is really his own unique viewpoint and actions that show that what he does is much smarter than our want of brute force.Olunde's intelligence stems from thinking before acting. Yes, Jane gives perfect ammunition to explain why his father saving his people from destruction and going to a much better place, but that doesn't mean the best solution is for him to point this out. Changing people's opinions in discussion might be a Western virtue, but opening one's trap is not always the best strategic option. Olunde's education and background combined give him a unique vantagepoint on action, and he...

Corporate Finance Essay

1. Set forth and compare the business cases for each of the two projections under consideration by Emily Harris. Which do you regard as more compelling? Productions was New Heritage ´s largest division as measured by total assets, and easily its most asset-Intensive. Approximately 75 % of the division ´s sales were made to the company ´s retailing division, with the remaining 25% comprising private label goods manufactured for other firms. The division revenue figures include approximately $95 million of internal sales within divisions which are eliminated when considering consolidated revenue for the company. We must look closer on the financial projections and the operating details for the two proposals. By looking we can see a big difference in Revenue growth. We realize that Design your own doll can handle much more additional annual revenue according to the resources in the balance sheet. According to the outlays the initial expenditures for Design Your Own Dolls is much higher than Match my Doll Clothing. As with Match my Doll Clothing the required R&D and marketing costs would be tax deductible. EBIT is a good gauge of how well those two companies is being managed. It is watched closely by all stakeholders, because it measures both overall demand for the company ´s products and the company ´s efficiency in delivering those products. The operating projections tell us that Design Your Own Doll has gained more in operating profits. Substantial investment in working capital (primarily work in process inventory of partially manufactured dolls) would be required beginning in 2011 for Match My Doll Clothing to support the forecasted level of sales. The value of a risky alternative to the decision maker may be different than the expected value of the alternative because of the risk that the alternative poses of serious losses. The concept of the certainty equivalent is useful for such situation. Factors considered in the assessment of a project ´s risk for Emily Harris included, for example, whether it required new consumer acceptance or new technology, high levels of fixed costs and hence high breakeven production volumes, the sensitivity of price or volume to macroeconomic recession, the anticipated degree of price competition, and so forth. Given the proven success of Match My Doll Clothing, Harris believed the project entailed moderate risk that is, about the same degree of risk as the production division ´s existing business as a whole. Design Your Own Doll had a relatively long payback period, introduced some untested elements into the manufacturing process, and depended on near-flawless operation of new customer-facing software and user interfaces. If the project stumbled for some reason, New Heritage risked damaging relationships with the best customers. On the other hand, the project had a relatively modest fixed cost ratio, and it played to the company ´s key strength – creating a unique experience for its consumers. The cash flows excluded all financing charges and non-cash items (i.e. depreciation), and were calculated on an after-corporate-tax basis. The New Heritage’s corporate tax rate is 40%. We think that the Design Your Own Doll project is more compelling. 2. Use the operating projections for each project to compute a NPV for each. Which project creates more value? (Please find the calculations in the attachment)  NPV calculations include a terminal value computed as the value of a perpetuity growing at constant rate. We computed Free Cash Flows (FCF) to find out the actual amount of cash from operations that the company could use in developing its new projects. We calculated the terminal value for 2020 as projected FCF in the first year beyond the projection horizon divided by discount rate of 8.4% less the perpetuity growth rate, which in this case was 3%. According to our calculations the MMDM’s terminal value in 2020 is 16,346,000 and DYOD’s is 27,486,000. Based on the our calculation the NPV of the Match My Doll Clothing project is $7,151,000 ( and the NPV of the Design Your Own Doll project is $9,257,000 . In both cases the NPV is greater than zero but NPV of project 2 is greater than NPV of project 1, therefore project number 2 should be selected. | | | | | | | | | | | | NPV calculations for Design Your Own Doll| | | | | | | | | | | | | | | | | | | | | | | 2010| 2011| 2012| 2013| 2014| 2015| 2016| 2017| 2018| 2019| 2020| EBIT | -1201,00| 0,00| 550,00| 1794,00| 2724,00| 2779,00| 2946,00| 3123,00| 3310,00| 3509,00| 3719,00| Tax @ 40% | -480,40| 0,00| 220,00| 717,60| 1089,60| 1111,60| 1178,40| 1249,20| 1324,00| 1403,60| 1487,60| | | | | | | | | | | | | Net Income | -720,60| 0,00| 330,00| 1076,40| 1634,40| 1667,40| 1767,60| 1873,80| 1986,00| 2105,40| 2231,40| plus: depreciation | 0,00| 0,00| 310,00| 310,00| 310,00| 436,00| 462,00| 490,00| 520,00| 551,00| 584,00| less: ΔNWC | 0,00| 1000,00| 24,00| 1386,00| 942,00| 202,00| 213,00| 226,00| 240,00| 254,00| 269,00| less: capital expenditures | 4610,00| 0,00| 310,00| 310,00| 2192,00| 826,00| 875,00| 928,00| 983,00| 1043,00| 1105,00| | | | | | | | | | | | | Free Cash Flow (FCF) | -5330,60| -1000,00| 306,00| -309,60| -1189,60| 1075,40| 1141,60| 1209,80| 1283,00| 1359,40| 1441,40| terminal value | 0,00| 0,00| 0,00| 0,00| 0,00| 0,00| 0,00| 0,00| 0,00| 0,00| 27486,00| FCF after terminal value | -5330,60| -1000,00| 306,00| -309,60| -1189,60| 1075,40| 1141,60| 1209,80| 1283,00| 1359,40| 28927,40| | | | | | | | | | | | | Discount factor (DF=8,4%) | 1,00| 0,92| 0,85| 0,79| 0,72| 0,67| 0,62| 0,57| 0,52| 0,48| 0,45| | | | | | | | | | | | | Present Value (PV) | -5330,60| -922,20| 260,41| -243,07| -861,51| 718,47| 703,57| 687,77| 672,93| 657,81| 12913,19| | | | | | | | | | | | | Cumulative Present Value| 14587,38| | | | | | | | | | | Net present value (NPV)| 9256,78| | | | | | | | | | | 3. Compute the IRR and payback period for each project. How should these metrics affect Harris ´s deliberations? How do they compare to NPV as tools for evaluating projects? When and how would you use each? IRR Analysis Table – IRR Sensitivity Analysis | Revenue Change | Match My Doll Clothing Line | Design Your Own Doll (baseline) 3% | 18.24% | 14.68% | 2% | 17.74% | 14.28% | 1% | 17.24% | 13.87% | 0% | 16.74% | 13.46% | -1% | 16.23% | 13.04% | -2% | 15.72% | 12.62% | -3% | 15.21% | 12.19% | -4% | 14.69% | 11.77% | -5% | 14.16% | 11.33% | -6% | 13.63% | 10.90% | The model reflects a change in revenue from +3% to -6%. IRR of NPV is not used because sensitivity is included in the discount rate. Payback Period Analysis Payback period for each of the scenarios: * Match My Doll Clothing Line Expansion (baseline) = 8.43 years * Design Your Own Doll (baseline) = 10.09 years 4. What additional information does Harris need to complete her analyses and compare the two projects? What specific questions should she ask each of the project sponsors? In order to complete her analyses, several questions need to be asked in order for the report to be as fruitful as possible. Thus the questions that could be asked in order for Harris to make good decisions in comparing the two projects, goes as follows. * What changes would be expected in capital expenditures during periods of change? * Are there any hidden labor costs not being considered in the Match My Doll Clothing Line Expansion, similar to the additional labor costs in Design Your Own Doll? * What level of risk does the project Design Your Own Doll pertains? In hand with revenue-analysis, what are the incremental earnings? * In addition to the risk level of Design Your Own Doll, is the project stable enough not to harm customer relationships? * What is the forecast for the whole industry? What will be the future market share since this affects sales outstanding and in hand revenue? * Based on the data, what will the equity of the company and share price be, taking into account the two projects? Historical data for inventory turnover ratios; days sales outstanding and days payable outstanding would also be additional information that Harris could benefit from. 5. If Harris is forced to recommend one project over the other, which should be recommended? Why? To improve the present value for both projects the  management of the company should think of how to improve the projects’ cash flows. Typically, companies aim to increase cash flow from their existing operations by collecting receivables as soon as possible and slowing down their payables without harming their relations with suppliers. The NPV is a forecast, and as with every forecast, the outcome is not given. Typically forecasts for shorter periods are more accurate. The forecast for New Heritage Company is based on a time period of 10 years. I would recommend reducing that time period to provide more accurate cash flow figures. As with all forecasts, the NVP is not free from risks. The management should be aware that risks such as increase in inflation, change in interest rates, and increased competition in the toys business, could have a negative impact on future benefits of selected project. Last, I would recommend for the management to monitor the costs to increase profits. However, the management should weigh the benefits of reducing costs to avoid an adverse effect of diminished profits. If additional cash inflows are achieved, the company should invest a portion of the profits to generate additional money and expand the business through creation of new products and projects.

History of Coca Cola in Nigeria - 2417 Words

SALES PURCHASE AGREEMENT/CONTRACT â€Å"BONNY LIGHT CRUDE OIL† TTO BONNY TERMINAL NIGERIA† 14TH December, 2012 Seller’s Ref: Colonel/sil/2012/10 Buyer’s Ref: This Contract agreement is entered into this 14 December 2012 BETWEEN STOWVAT INVESTMENTS LIMITED established under the laws of Federal Republic Nigeria which registered address, is situated at NNPC Office, Bonny Island, Bonny and which is represented by Platform Operators in his capacity as the LOADER as duly authorized, hereinafter known as â€Å"The Seller†, (which statement shall, where the context so admits include its successor in title†¦show more content†¦The electronic signed copy by both Parties is considered legally binding and enforceable and MUST not be changed. The executed SPA is lodged in their respective banks. 2. Buyer return signed SPA with ATB format. 3. Seller Issues Marine ATB to the buyer for Supercargo and inspectors to board for inspection. 4. Buyer shall pay to Seller the sum of N60million naira as cost of clearance and documentation immediately supercargo and inspector conduct QQ 5. Buyer’s place Bank Guaranty (BG) OR Letter of Credit for entire cargo in favor of Seller as soon as QQ is conducted 6. Buyer will recharter vessel while all documentations are being done in Buyer’ name. 7. Upon confirmation of seller’s presentation of payment invoice to the buyer’s bank, the bank will effectively pay to the seller and all intermediaries accounts as provided in the spa by swift or KTT WIRE TRANSFER. 8. Vessel is cleared of security upon confirmation of payment in seller’s favour and beneficiaries, to sail to buyer’s port of discharge. 10). BANK CHARGES. 1. Seller’s bank costs will accrue in the Seller’s account while the Buyer’s bank costs will accrue in the Buyer’s account. 11). DUTIES AND TAXES. 1. The Buyer shall be responsible for all duties and taxes levied on the cargo by the authorities of the country of loading. 12). 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