Thursday, January 23, 2020
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...
Wednesday, January 15, 2020
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 Heritageà ´s largest division as measured by total assets, and easily its most asset-Intensive. Approximately 75 % of the divisionà ´s sales were made to the companyà ´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 companyà ´s products and the companyà ´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 projectà ´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 divisionà ´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 companyà ´s key strength ââ¬â 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 Heritageââ¬â¢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)à 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 MMDMââ¬â¢s terminal value in 2020 is 16,346,000 and DYODââ¬â¢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: ÃâNWC | 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 Harrisà ´s deliberations? How do they compare to NPV as tools for evaluating projects? When and how would you use each? IRR Analysis Table ââ¬â 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 theà management of the company should think of how to improve the projectsââ¬â¢ 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.
Tuesday, January 7, 2020
History of Coca Cola in Nigeria - 2417 Words
SALES PURCHASE AGREEMENT/CONTRACT ââ¬Å"BONNY LIGHT CRUDE OILâ⬠TTO BONNY TERMINAL NIGERIAâ⬠14TH December, 2012 Sellerââ¬â¢s Ref: Colonel/sil/2012/10 Buyerââ¬â¢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 ââ¬Å"The Sellerâ⬠, (which statement shall, where the context so admits include its successor in titleâ⬠¦show more contentâ⬠¦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. Buyerââ¬â¢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 Buyerââ¬â¢ name. 7. Upon confirmation of sellerââ¬â¢s presentation of payment invoice to the buyerââ¬â¢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 sellerââ¬â¢s favour and beneficiaries, to sail to buyerââ¬â¢s port of discharge. 10). BANK CHARGES. 1. Sellerââ¬â¢s bank costs will accrue in the Sellerââ¬â¢s account while the Buyerââ¬â¢s bank costs will accrue in the Buyerââ¬â¢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). DOCUMENTS. 1. Faxes and photocopies of documents will beShow MoreRelatedStrategic And Tactical Approaches Of Coca Cola1336 Words à |à 6 PagesCritical analysis of the strategic and tactical approaches of Coca-Cola The following essay shall discuss the importance of brand management and brand campaigning. The company chosen for the essay is ââ¬Å"Coca-Colaâ⬠. In the first part of the essay we shall see how Coca Cola has retained itself as a top most brand in the beverage industry globally. Another very important part of this essay is the brand proposal for Coca Cola- launching a new product, snacks and how the company can add to its product linesRead MoreInternational Strategy of Coca-Cola4191 Words à |à 17 PagesMultinational business is the one that has its operation in more than one country. These businesses mainly function in entire major global. 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Sunday, December 29, 2019
violence on tv Essay - 855 Words
Violence on TV nbsp;nbsp;nbsp;nbsp;nbsp;Violence is described in Websterââ¬â¢s dictionary as physical force exerted for the purpose of violating, damaging, or abusing. Violence on TV has been steadily increasing for the past few years. Itââ¬â¢s not very often that you will find a TV show in prime time that doesnââ¬â¢t involve some type of violence. According to Hollywood sex and violence sells. The problem with this is that violent programs on television lead to aggressive behavior by children and teenagers who watch those programs. As adults we think that watching TV wonââ¬â¢t effect us since we are older, but for younger children when they see someone die or get beat up they think it is cool. Children are very easy to mold into what you want,â⬠¦show more contentâ⬠¦There were twice as many violent scenes in entertainment shows in 2001 as there were four years earlier, according to the Broadcasting Standards Commission. More violence is shown before 9:00 than when most younger children are asleep. There was an average of 5.2 violent scenes per hour on American TV in 2001, compared with 4.1 in 1998, the report said. During Prime time shows, the average amount of violent scenes went up from 1.9 to 3.7 per hour in 2000. This is a huge increase and something needs to be done about it. Television show producers need to understand that children are to easily influenced by the images they see. According to the American Academy of Child and Adolescent Psychiatry, extensive viewing of television violence by ch ildren causes greater aggressiveness. Sometimes, watching a single violent program can increase aggressiveness. nbsp;nbsp;nbsp;nbsp;nbsp;The show on television that has produced the most violent acts is wrestling. There have been countless accounts of kids hurting each other after watching wrestling. Professional wrestling has even influence entire underground scene of backyard wrestling. 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This argument has been resurrected in the wake of school shootings, most notably Columbine and Erfurt, Germany; and acts of random violence by teenagers, the murders of two Dartmouth professors. Parents, teachers, pediatricians, child psychiatrists, and FCC Chairmen WilliamRead MoreTv Violence Essay2139 Words à |à 9 PagesWilliametta Hall English Writing 302 Research Paper December 14, 2010 The Effect of TV Violence on Children The world is changing rapidly today. TV has become the leading source on entertainment and time consuming for many people. Parents are too busy trying to provide for their children and keep a roof over their head. Some parents can do all these things and still keep a close watch on their children, but others cannot. 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Guidelines have been put in place ââ¬â but are they really enough? In this essay I shall be discussing the positive and negative effects of violence on TV and ask if legislation is the way forward for TV. Violence is shownRead More Television and Media Violence - TV Violence and Common Sense522 Words à |à 3 PagesTelevision Violence and Common Sense à It is obvious that children are affected by television. They often pretend to be their favorite character, reenact scenes from movies, and wear clothes featuring their media heroes. As a child, I pretended to be one of the Teenage Mutant Ninja Turtles while practicing my fighting skills on invisible bad guys. Although these things are usually a healthy part of growing up, it would be foolish to assume that children are not affected in a negative wayRead MoreTelevision and Media Violence - Effects of TV Violence on Children2097 Words à |à 9 PagesEffects of Television Violence on Children à Television is the mainstream of our culture. Violence on television has been a topic of conflict since before 1950. There have been repeated debates on how to protect children from the harmful effects of violence on television. Television is one form of modern media that influences the everyday lives of people. Televised violence has a major effect on how children perceive the world and how they behave. American television has become the mostRead MoreEssay on Effects of TV Violence on Children2966 Words à |à 12 Pagesgovernment agencies have begun to study the effects of violence on television as a prominent variable in childhood and adolescent aggressiveness. The prevalence of violence in television is rampant. It is as addictive as a drug to the children and adolescents, and is accomplishing two extreme reactions: a desensitization towards pain and suffering in the world, and instilling fear of the world as a dark, cold place. 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However, for business purposes, TV news broadcasts use dramatic, usually violent stories and images to capture and maintain an audienceRead More Television and Media - Link between TV Violence and the Violence of Children2045 Words à |à 9 PagesThe Link between TV Violence and the Violence of Children à à à à à Children watch a lot of television.à TV has even become a babysitter. à There is more violence portrayed on television than in earlier years.à Crime has increased steadily over the years as well.à Many children have been involved in violent crimes in recent years, and there is a link between violence on television and the increase in crime. à As early as 1960, Leonard Eron and L. Rowell Huesmann, researchers
Saturday, December 21, 2019
Green Design Using The Emerging Technology - 1687 Words
The architects have been working tirelessly to come up with green design using the emerging technology as a way of enhancing sustainability not only on the structure, but also to the environment. However, Ghani (21) notes that in order to have a sustainable environment, there is a need to create environmentally responsible minds. The scholar says that we cannot achieve sustainable development if the members of the society do not appreciate and uphold the principles of sustainability. The role of architects in designing structures, especially in the urban settings, that will help in convincing the society that we need to protect our environment for future generation is, therefore, very important. That is why the concept of Greenâ⬠¦show more contentâ⬠¦Problems of Green Architectures According to Stauskis (184), there has been a raging debate as to whether green architecture has actually achieved its original goal or not. To answer this question, it is important to understand how green architecture works. It is the responsibility of the architects to meet the needs of their clients in a way that does not threaten the environment. Green architecture involves designing and developing structures that do not pose threats to the environment. As we struggle to achieve the current needs today, we have the responsibility to protect the interests of the future generation. Chambers (13) says that the emergence of high rise building was an example of a huge breakthrough in the field of architect. It facilitated rapid development of cities around the world as human beings started putting into use the vertical space. However, green architecture goes beyond this. It involves how technology can be used to develop structures that are environmentally friendly. This starts by de fining the materials that are safe to the current and future generation when designing structures. The materials must then be extracted from their natural sources in a way that they will have the least possible negative impact on the environment. For instance, if it is harvesting of trees, it must be done in a sustainable manner so that it does not pose any
Friday, December 13, 2019
Letter of rejection Free Essays
Your letter has been received on February 22 and we know your concern about the repeated card swipes happened on January 25. Please allow me to explain that the transaction reference number, 144022-22839837109, changes daily so that multiple purchases made on the same day often carry the same number. More Importantly, although the transaction reference numbers are the same, the debits are for different amounts: $268. We will write a custom essay sample on Letter of rejection or any similar topic only for you Order Now 00; $219. 60; $116. 20. Therefore, these transactions were not a result of repeated card swipes. Besides, policy of HASH requires that customers having problems on the statements to write a claim letter to the ATM Error Department and enclose the receipts within 10 to 20 business days. So we kindly remind you that your request has already exceeded the time limit and no receipts are enclosed. Another thing we want to mention Is that we contacted manager of Cluster, Mr.. William Wong, to ask for more detailed Information. He told us there Is no problem with the equipment. And Mr.. Wong also mentioned that food shoppers commonly returned at different times during the day to make additional purchase they forgot the first. Based on all the reasons we have mentioned above, we cannot approve your request for adjustment. Thank you for your understanding. We welcome you to vials our website http://YMMV. Hash. Com. Hawk/l/2/home to know more details about the other Nanking services and we anticipate serving your needs In the future. Yours sincerely, ATM Error Resolution Department letter of rejection By Legislating purchases made on the same day often carry the same number. More importantly, Another thing we want to mention is that we contacted manager of Cityscape, Mr.. William Wong, to ask for more detailed information. He told us there is no problem for adjustment. Thank you for your understanding. We welcome you to visit our website http://www. Hash. Com. Hawk/l/2/home to know more details about the other banking services and we anticipate serving your needs in the future. How to cite Letter of rejection, Papers
Thursday, December 5, 2019
Single Importance of Humanity free essay sample
In the website essay, Special Report: Could Wikileaks Cause World War III or the End of the World? David Gewirtz, the author, discusses about the importance of the bond of trust between the people and their government and also between nations internationally. Although the bond of trust may result in betrayal and pain to others, the bond of trust still have to exist between people to improve the society and to prevent careless mistakes. Gewirtz uses rhetorical strategies such as his diction and organization in his argument to effectively convey his perspective on the bond of trust along with his reasoning and analysis. At the start of the essay, Gewirtz dives into the meaning of trust and its possible consequences in a person-to-person manner by saying ââ¬Å"If you think about it, trust is all that stands between us and terrible circumstanceâ⬠(Gewirtz). As Gewirtz moves on with his arguments, he also states that ââ¬Å"we have to trust some peopleâ⬠because we cannot simply do everything and itââ¬â¢s definitely ââ¬Å"not possible to do everything yourselfâ⬠(Gewirtz). We will write a custom essay sample on Single Importance of Humanity or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page From these statements, we can all agree on the fact that no one could do everything on earth himself because then, there is no need for the government and various specialties. To convey this idea to his audience effectively, Gewirtz uses diction that sets the atmosphere into more personal and appealing directly to his audience. Contractions like ââ¬Å"itââ¬â¢sâ⬠and ââ¬Å"Iââ¬â¢mâ⬠lightens the serious atmosphere in the discussion about the gravity of trust and allow the readers to easily follow along. Also, the first-person perspective of this essay allows more attention from greater number of readers since the first-person diction is more personal and less formal, which that eliminates the seriousness and provides easy comprehension for people that does not have any knowledge of politics. Similar to how Martin Luther King Jr. appealed to his audience by using the first-person point of view in the famous I Have a Dream speech. The constant repetition of the ââ¬Å"I have a dreamâ⬠¦Ã¢â¬ statements indicates the strong person-to-person appeal to the audience by providing more thinking through the emotion and moral of his audience. Gewirtz also implements his own opinions of the importance of trust by such extreme word choices such as the term, ââ¬Å"nuclear Armageddon. â⬠The organization of the essay is organized in a way that helps emphasize the word ââ¬Å"trustâ⬠by making a separate paragraph with only the word ââ¬Å"trustâ⬠in it. Gewirtz utilizes this technique to let his audience know the importance of ââ¬Å"trustâ⬠since his main point of this entire essay is about trust. Throughout the essay, Gewirtz also implements his own thoughts and words in parenthetical statements along with his argument in the essay. These include, ââ¬Å"or possibly care,â⬠ââ¬Å"unless, of course, itââ¬â¢s not time to be nice,â⬠and ââ¬Å"yes, pressureâ⬠which all of these thoughts are implemented in parenthetical statements along with Gewirtz statements. These implements meant to effectively allow Gewirtz and his audience to ââ¬Å"literallyâ⬠speak to them face-to-face instead of being formal for the selective fewer audience. Through this rhetorical strategy, reader can conclude that Gewirtz wants his essay to be spoken to the general population and not the selected individuals with the knowledge of politics. At the very beginning and the ending, Gewirtz uses the same format of ââ¬Å"trustâ⬠in its own separate paragraph and uses a conclusion that is very similar to his introductory paragraph as his final wrap-up. From this strategy, the reader can infer that not only was Gewirtz tried to maximize his emphasis, but to allow his audience to think differently from when they read his introductory paragraph and what they think about the paragraph at the end of the essay after all of Gewirtz arguments has been made. The arguments made by David Gewirtz strongly appeal to his audience through the use of rhetorical strategies like the diction and organization of his essay. Because of the elaborate use of these rhetorical strategies, the reader can incorporate his or her thoughts into the emotional thinking which Gewirtz purposely intended to do so. Although there are some logos appeals in his essay, he mainly focuses on the pathos approach to fully earn all of the agreements of his audience. Overall, I strongly believe that Gewirtz essay made his audience think twice in another perspective as a means of fully understanding the gravity of the dangers of WikiLeaks and the importance of trust.
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