If You Need to Understand English Literature, You Will Need the Bible

If You Need to Understand English Literature, You Will Need the Bible Photo by Samantha Sophia ‘Oh miss, Shakespeare is so difficult to understand! I don’t understand The hobbit!, can we read Persuasion again?’ –those were the comments of my students during the year, in some of the many books-authors we read in class. See, most of English literature is bible-Christian based, meaning that you will know the author’s point of view only after knowing the bible’s principles†¦ -King James Version. The thing is that since a couple of years, the bible reading has been taken out from the schools and therefore their principles. Hold on, I’m not getting religious†¦ I just want to explain to you why this specific book is important to understand the English speaking culture. Over 50% of the English and American people don’t read the bible (and probably never will), but when you see the culture, either in the movies or books; you can see where it all comes from. In primary we had to read The Adventures of Tom Sawyer and I remember this chapters where Tom Sawyer had to memorize his bible verses†¦ during the ceremony on Sunday’s class, the teacher asked him the names of the two apostles and Tom said ‘David and Goliath’†¦ now, would you understand such joke if you didn’t know David’ story? –probably not. I remember reading Frankenstein in 7th grade, and it kind of broke my heart, because the author is somehow complaining upon his creator for being such monster himself. See, the creator didn’t mean to make him ugly and unlikeable, and in fact he loved him as a son; but the creation became sad since he was being pushed out for his appearances†¦ If you don’t know where the author is coming from with this idea, you might just think is kind of cool such story. But, if you visit the book of Isaiah 14 you will understand that Wollstonecraftis trying to excuse Satan from getting greedy and is giving a contrary point of view of the verses in the bible. I could spend all the night speaking about all English literature and the related-symbolic biblical messages, but the point is that knowing the source as matter of culture will give you an advantage in literature. Novels such as Macbeth: you can find half of the Sacrifice of Jesus in the dialogues. The hobbit: from A-Z †¦ desolation, dragon, greed, power of little people defended by a greater power, glory. Pride and Prejudice: The obvious transforming power of love and self-sacrifice. Hamlet: Cain and Abel. Dante’s Divine Comedy: This is obvious Now, even in the new literature and so famous comics, we find every time more and more. You already know Superman and its references, right? Kal-El comes to save the earth and his father sends in ‘spirit’ with him†¦ -What about captain America? The righteous captain, who will put others before him and will fight for liberty and justice, who is very respectful above all, towards his authorities. -Hulk? The doctor who tries to control the evil in him, but feels ashamed and filled with repentant every time he loses control. Now that we are touching scripts, you might want to check on so many other books and stories. You’ll be surprised! Ring any bells? Maybe is time to get into it, if you are interested in English literature, stories and legends. Missing the point of view of the author is like missing the whole story. And then again, I don’t mean it in a religious way, but in a general cultural one. And the more you go into it, the more it’ll make sense for a complete story. If you are a heavy reader or writer, I’m sure you already know this†¦ but most of the people don’t know that the language itself has been based on that. Not to mention some laws and traditions. Knowledge never hurts! After so many complaints from my students about the different authors, I explained to them this basic tip. They all (most of them) went home that weekend and read (audio-read) half of the bible†¦ I was surprised how they started enjoying and absorbing the books that fast. All of them graduated with honors in my class (in case you wonder, there was an independent examiner-which I personally didn’t know). First things first, right? And how do I know this? Because I love learning!

Las Ferreterias de Mexico Essay Example

Las Ferreterias de Mexico Essay Example Las Ferreterias de Mexico Essay Las Ferreterias de Mexico Essay Introduction To find out whether or not Mr. Gonzales should implement the new compensation plan, we will initiate with a valuation of the proposed bonus plan that he is considering. This evaluation will include an analysis of the key decisions and the persons responsible for making the decision as well as a discussion of the proposed plan. Upon this analysis we will conclude whether it is a good idea to implement it and state our suggestions for a modification of the plan. Valuation of the proposed bonus plan Included in the new bonus plan are the store managers (SM), the regional managers (RM), and the corporate staff managers (CM). Not included are the CEO (Mr. Gonzalez) and the COO; their bonuses would be decided by the compensation committee of the board of directors. Furthermore all other employees not included in the plan would continue as before with a bonus in the range of 2%-5% of base salary. Each of the company’s 82 stores is operated by a SM, who has a lot of autonomy. The 82 store are organized into 9 geographical regions. The RMs are responsible for providing oversight and advice to the SMs, whom had little formal education. On the top of these two manager levels are the CMs, who are responsible for a range of centralized functions including purchasing, human resources, marketing, real estate, and investor relations. The proposed bonus plan consists of 4 million pesos plus 8 percent of the corporate income before bonuses and taxes in excess of 120 million pesos. The total bonus pool will be divided between the managers as following: SMs – 70%, RMs – 15%, and CMs – 15%. This year, the bonus pool will amount to 8,498,400 million pesos (all calculations: cf. the calculations for the Whiz Kids questions on the last page), meaning that the bonus pool will be divided by the different manager levels as following: Store Managers5,948,880. 00 million pesos Regional Managers1,274,760. 00 million pesos Corporate Staff Managers1,274,760. 00 million pesos The SMs’ bonus pool will be divided among the store managers based in their relative proportion of bonus units earned. The maximum number of bonus units are 6, with a lower cutoff level at 5% ROI and a upper cutoff level at 11% ROI. These cutoffs stipulate an acceptable minimum performance, while restricting superior performance. Denying bonuses for exceptionally good efforts can be justified by the fact that the performance results can be good luck. Moreover it, to a certain degree, ensures that the managers will not be myopic, which again ensures that the company will show a more steady performance improvement over time. Another reason for the upper cutoff level on the incentive payments might be a desire of not paying lower-level mangers more than upper level managers. In this case, a SM gets 72,547. 32 pesos in average, RMs get 141,640. 00 pesos, and CMs get 254,952. 00 pesos. A top-performing SM cannot earn more than 118,189. 68 pesos in bonus. This is less than the CM’s bonus, so in this case the upper cutoff definitely ensures that the lower-level managers cannot earn more than the upper-level managers. The bonus pools will be assigned to managers based on their entity’s ROI, given by following formula: ROI = (bonus eligible revenues – expenses) / total store investments. Using ROI as the central measurement of performance causes some problems: Accounting profit does not reflect the total value of the company and is therefore not a completely fair method Management myopia: a ROI-focus stimulate shortsightedness, and can undermine long-term focus, which may not be in the interest of the corporation Suboptimization – it may not be in the interest of the enterprise that individual regions will focus solely on the success of themselves rather than on the overall success of the company Regional differences in e. . investment prices, local expenses etc. All bonuses will be paid in cash as soon as financial statements have been prepared. Beside the problems of using ROI as the central measurement element we see following problems with the new incentive plan: Not all people are motivated by cash payment. Furthermore, cash bonuses can generate durability issues, i. e. eople spent the money right away and quickly forgets the joy of having performed well The reward is not timely, as it is not necessarily given upon successes, but when the financial statement has been prepared which in the end of the day may reduce the motivational effect The geographical location also has an important role in determining the success of the different stores; some stores have more favorable locations than other, and therefore enjoy higher bonuses An issue is also whether or not all stores should have the same performance standards. On one hand, motivational incentives are highly individual, and preferences may vary greatly across the regions. Tailoring reward packages to the individual employee’s preferences will undoubtedly have the highest motivational effect, but will not keep the incentive system at the lowest possible cost. It is difficult to implement such a tailored plan due to the vast scope of the project: it will require a huge amount of analysis and date to map down differences. So even though the motivational effect might be higher for an individual tailored incentive program, a single strategy with common performance standards for all stores may be much easier and cost-efficient to implement. The new bonuses are greater than before, and should therefore stipulate improved operating efficiencies. Since ROI is the central element in calculating the bonuses, there is a risk of suboptimization, but since the bonus is partially determined through the corporate profit, the managers should also be concerned with the overall operating efficiency of the company. Ultimately an improvement within operating efficiency should lead to an increase in market shares. By tieing the rewards of the employees to the overall performance of the company, it would inevitably commit them – given that the employees have sufficient possibilities for influencing the results. In this case, the managers have a lot of responsibility and have many channels by which they can control and influence the results. Nevertheless, basing the bonuses partly on a group effort enforce cultural controls, as the employees are more alert of what their colleagues are doing, hence controlling whether they are working efficiently enough; â€Å"get to work; you’re hurting my profit sharing†. In this way, it makes good sense to base the bonuses on a proportion of corporate profit. Proposals for modification of the compensation plan The SMs have a lot of responsibility which is not corresponding to their level of education and their level of bonus. Compared to the RMs and CMs, who are better educated and have more experience, however, the bonus levels are fair. Thus it will be difficult to justify a higher bonus-level for the SMs, based on their current educational level. A possible solution will be to make a compulsory training program in finance and management. When the SMs have passed the courses, they will be qualified to receive a larger bonus. The training program will be an overall gain for the whole enterprise, since they will have more competent employees. So even though this extension does not make the incentive plan cheaper, it will be a gain for the company in the long run. Moreover, the further-training program will be personally satisfying for the managers. Another solution to what we see as the too-much responsibility-compared-to-bonus-problem, would be to enhance the upper cutoff level. Since Mr. Gonzales is concerned about the increased compensation expenses he should consider to lower the bonus pool and implement some non-monetary rewards, as they are often more motivating and durable. An example could be to recognize and communicate particular good performance throughout the company. An alternative idea to pay cash directly could be to reward the managers by some sort of stock option. This would further commit the managers to the company, and would probably be motivating since they have sufficient authority to influence the actual performance of the company. To find a solution for the personnel not included in the plan, i. e. store employees and regional sales and corporate purchasing staff, we suggest modifying the current discretionary bonus awards. Instead of Gonzales being responsible for giving these rewards, we suggest that this authority is delegated to the store managers and regional managers, respectively. These managers are in daily contact with the â€Å"neglected† employees, and it therefore seems more fair that they delegate the rewards. In this way the bonus system will be more motivating for the personnel. Whiz Kids Competition Number of managers% of bonus pool Store Managers:8270% Regional Managers:915% Corporate Managers:515% Bonus Pool 4. 000. 000+(8% of corporate income before taxes and bonuses in excess of 120000000) 4. 000. 000+(0,08*(176. 230. 000-120. 000. 000)) 8. 498. 400 The bonus pool is then divided between the different groups: Store Managers:70%*8. 498. 400= 5. 948. 880,00 Regional Managers:15%*8. 98. 400= 1. 274. 760,00 Corporate Managers:15%*8. 498. 400= 1. 274. 760,00 To find the average amount per manager we divide the pools by the number of managers in the specific group Store Managers:5. 948. 880/82= 72. 547,32 Regional Managers:1. 274. 760/9= 141. 640,00 Corporate Managers:1. 274. 760/5= 254. 952,00 The bonus pool for the top performing store managers : Total units in the bonus plan 6*1+9*2+11*3+20*4+15*5+8*6+4*6+3*6= 302,00 Average pay per unit:5. 948. 880/302= 19. 698,28 Store top performing managers (6 units)= 118,189,68

Current Even Paper Assignment Example | Topics and Well Written Essays - 250 words - 1

Current Even Paper - Assignment Example The company specializes in training other corporations on how to incorporate lean concepts in their operations. Javelin has developed the â€Å"Lean Startup Machine† methodology that equips businesses with the necessary tools and techniques that can be used to iterate their products. The tools and techniques provided by this company help organizations to build new products and ensure that the products are brought to the market faster. The founder of Javelin Inc. notes that the scale of waste in many operations and projects is huge. The Lean Startup Machine is aimed at addressing these problems. The above article highlights how Javelin Inc. is helping corporations improve how they undertake their projects and process. In particular, the Lean Startup Machine developed by Javelin Inc helps corporations understand how to get feedback from customers and other stakeholders and this helps to improve the quality of products and services offered. It emphasizes on the importance of iteration during manufacturing or processing. Quality improvement is one of the goals of lean processes where business aim to reduce product defects. In addition, the article above also highlights how Lean Startup Machine helps corporations to minimize waste. In lean processes, there are different types of waste that need to be eliminated. Chapman, L. (5 March, 2014). Javelin Raises $1.5M to Bring Lean Startup Method to Big Corporations. The Wall Street Journal. Retrieved form

Personal Development And Ethics Assignment Example | Topics and Well Written Essays - 2000 words - 1

Personal Development And Ethics - Assignment Example The second part will consist of a reflective evaluation that will entail a detailed self assessment and analysis as a team member in the context of personal development. a. The main elements of a business are the various activities related to that business and the products offered. The products of my business will include baked cakes, cookies, biscuits and sandwiches. Business activities/services will include customisation, packaging, delivery and shipping of the products. Marketing will be done through news media and social networking. Knowledge: Managerial and financial knowledge is critical. The management must be headed by a competent team of professionals proficient in knowledge management. Identification of business liabilities and assets is essential for developing a sound financial knowledge of the business itself. Since large amounts of investment are to be made, money should be burrowed from a reputed bank. Key financial information like the annual report, balance sheet, etc. regarding the bank should be analysed by the management to evaluate the institution as a financier. Knowledge of assets and liabilities should be clear. For example, the loans secured will be liabilities while the food processing plant and the office building will be assets. Moreover, technological knowledge is also important. The management must have a sound understanding of the food processing machinery like the biscuit making and dough mixing machines, sugar grinding machines, sandwiching machines, etc. Food products machinery, eq uipped with computerised control systems, coupled with highly flexible, automated equipment lines, will increase the overall efficiency of the business (U.S. Department of Commerce, 1994). Knowledge of the market is also very important. Through surveys and research, the company must identify its potential customers and also sort out the resourceful suppliers. Skills: Management skills like emotional intelligence,

Younger Onset Dementia in New South Wales

Younger Onset Dementia in New South Wales Aikesh Shrestha Management of younger onset dementia (YOD) in Aboriginal and Torres Strait Islanders people, residing in remote areas of New South Wales (NSW). Dementia is an umbrella terminology that encompasses range of health disorders which are characterized by the progressive dysfunction of brain that includes speech difficulties, perception, vision, personality, orientation, cognitive skills, incontinence, and high infection rate followed by reduced life span. In a survey conducted by Vos et al. 2007 concluded that dementia is the second leading reason for the death of indigenous people of Australia and further concluded that around 15 % of indigenous death is due to dementia. Figure 1 Leading causes of death in Indigenous Australian, 2003(Source Vos et al. 2007) YOD is termed as a form of dementia which occurs before the age of 65 years. It is very rare before the age of 45 years, but it can begin in the early 30s and there have even been reports of onset in those who are in the mid-20s (Rinfrette 2010). It is estimated that in Australia approximately 10,000 populations has been affected by younger onset dementia (Alzheimer’s Australia 2009). According to data collected from Access Economics 2005, indicated that out of 87,961 cases of dementia in NSW in 2010, 358 has been reported in remote and very remote areas. And further it has been estimated that the rate will increase significantly to 1,026 cases in 2050 (Department of Health 2011). Interestingly, younger onset dementia (YOD) is considered as the emerging chronic health condition for indigenous people at comparatively young ages (under 60 years), especially people residing in remote areas of NSW. It has been statistically stated that indigenous hospitalisation for mental health problems peaked for those aged 25–34 years and 35–44 years (46 and 49 per 1,000 population, respectively). At the peak rate, Indigenous Australians were more than twice as likely to be hospitalised for mental health problems as other Australians. According to Broe et al. 2009, number of indigenous youngster is at high risk of younger onset dementia associated with head injuries and cognitive damages due to drugs intoxication and alcohol abuse. According to study conducted by Alzheimer’s Australia 2009, the reason behind the onset of dementia in Aboriginal and Torres Strait Islanders is probably due to Prevalence of high rates of chronic disease Excessive and risky alcohol consumption and homelessness. Limited access and availability of dementia support counselling and services (Broe et al. 2009). Fear of Aboriginal and Torres Strait Islanders to undergo medical system and treatment (Broe et al. 2009). Indigenous populations along with health professionals are unaware about the facts that younger people may have dementia. Generally indigenous community refers dementia as a â€Å"sick spirit† and believes that lose of connection to the land, culture, tradition and customs cause these sickness (Broe et al 2009). And in addition, limited research has been done on the younger onset dementia regarding the indigenous population lining in remote area due to cultural, languages and geographical difficulties. As a consequence, there is poor and limited access to services that provide care and social support for younger indigenous people and their careers and the condition can have a devastating impact on the person with younger onset dementia, their family, their children and their friends (Alzheimer’s Australia 2009). Thus there is need of management of YOD among the indigenous population in remote area of Australia. Propose six question that would answer the scope, nature and priorities of dementia (YOD) in aboriginal and Torres Strait Islanders. Understanding the need and necessity of management of dementia in Aboriginal and Torres Strait Islanders in remote areas this unit has proposed six cardinal questions that would address all the issues regarding scope, nature and priorities of dementia. Which type of dementia is most common in Aboriginal and Torres Strait Islander in remote and rural areas of Australia and rate of dementia? Which indigenous population in the remote area is mostly affected by dementia? In which gender dementia is most common or prevalent? What is the extent of dementia within the remote area of Australia? What are the risk factors associated with dementia and factor affecting diagnosis of dementia in indigenous people? What are the burdens, trend and mortality rate of dementia in indigenous population? Outline of major categories included to indentify and answer the question raised. Following categories will be included, Geographical Distribution. Demographic Distribution. Age Gender Risk Factor (including education, employment, drug use, alcohol abuse and other risk factors). Trend and morbidity of the dementia . Availability of health services need to manage dementia To analysis the need of younger onset dementia in indigenous people in remote area of New South Wales, Australia, following step will be considered, All the relevant data will be collected from the authorised and secure website and publications. Following website will be used to accumulate the data for the interpretation and assessment of the health need proposed because all the relevant and authentic data are available in this website regarding Australian population. Australian Institute of Health and Welfare (AIHW). Alzheimer’s Australia. Department of Health (DoH). Access Economics. Australian Bureau of Statistics (ABS). Health Statistics of NSW. Dementia Collaboration Research Centre. Others authorised journal publication wed site. As the health need is about aboriginal and Torres Strait Islanders residing in remote area of Australia, primarily geographical distribution of indigenous people will be identified from the website. For instant Australian Institute of Health and Welfare and Australian Bureau of Statistic will be used to accumulate these data. Fig 2. Representing geographical distribution of indigenous people in Australia (Source AIHW). Indigenous people affected with younger onset dementia will be identified on the basis of demographic distribution such as gender and particular age group. For the determination of these data AIHW, ABS, Alzheimer’s Australia and Department of Health (DoH) will be used. It is mandatory to collect these data so as to identify which age group has been severely affected by dementia and to compare the prevalence of younger onset dementia within male and female of indigenous society in remote areas. Fig. 3. Prevalence of dementia in indigenous and non indigenous population of Australia (Source AIHW) For example, from the above mentioned data it had been estimated that in indigenous population the rate of dementia significantly increased with the age group 25, peaked with age group 35-44 and declined further. From evidence it had been identified that Vascular dementia and head injury dementia was the main reason for the significant increment in these age group. All the factors that are associated with the massive increment of younger onset dementia will be included. Factors included will be Education Employment Drug abuse Alcoholism Mortality And other risk factor that promoted the prevalence of younger onset dementia in aboriginal and Torres Strait Islander in remote areas of Australia. For identification of all these factor along with the trend of YOD will be been extracted from AIHW, ABS, Alzheimer’s Australia, Department of Health, Health Statistics NSW and the journals published by authorised publication like Pub med. Availability of health services to manage dementia within the indigenous community and utilisation of these heath services will be focused. From the previous study about the indigenous people of Australian suggest that the geographical difficulties, limited health work force, stubborn ignorance of indigenous population and unwillingness of these people to visit health facilities provided to indigenous community has limited the visit of indigenous people to utilise the facilities provided to these community. Thus regarding these issues data will be collected to understand the situation and know whether there is any progress in the utilisation of health faculties. The data or information will be collected from AIHW, Department of Health, ABS and other journal publications. Limitations of data source As a matter of fact, collection of data is a tedious process. And in addition data collection of indigenous population in rural and remote area in even more difficult because of the geographical difficulties, language issues, cultural and social barriers and stubborn tolerance of aboriginal community. Following limitation could be prevalent while extracting data from the above mentioned websites, Lack of information or data about the indigenous population. Due to geographical difficulties, only limited research has been done in the remote area. As a result only few data are available about the health status and health issues in indigenous community. Thus it is difficult to collect the appropriate data from the data source. Misdiagnosis(Carrington et al. 2011) In most of the surveys and reports, it has been suggested that due to cultural and language issues, adequate information and data regarding health issues of indigenous people has not included. This circumstance certainly affect the accuracy of the data presented and leads to faulty report and inaccurate conclusion of the data collected. Under-reporting (Anderson , Baum Bently 2007) Fear of Aboriginal and Torres Strait Islanders to undergo medical system and treatment (Broe et al. 2009) has led to under-reporting of health status of indigenous people. Factors that will determine the extent of this health problem in 20 years time Following factors will determine the extent of YOD in 20 years time Life Expectancy Recent evidence from ‘Close the Gap’ reporting and data suggests that the health and life span of Aboriginal and Torres Strait Islander people is improving (Thomas et al. 2006). On the other hand, any increment in life expectancy may lead to an increase in the prevalence of dementia because more people will live to the age where the prevalence of forms of dementia such as Alzheimer’s disease is the highest, estimated to be responsible for 70% of dementia cases in old age above 65 years. Thus if this situation arises then form to dementia will shift from vascular and frontotemporal dementia to Alzheimer’s dementia in next 20 years. Management of Life style and diet As younger onset dementia is largely associated with head injuries and cognitive damages due to drugs intoxication and alcohol abuse management of diet might alleviate the risk of YOD. On the other hand, management of this risk factor might increase the life expectancy of indigenous people and further leads to increase Alzheimer’s dementia which is more frequent in old age. Reference Access Economics 2005, Dementia Estimates and Projections, NSW and its regions, NSW. Anderson, I., Baum, F. Bentley, M., Exploring the underlying Social Determinants of Aboriginal Health, Paper from the Scoial Determinants of Aboriginal Health Workshop, Adelaide. Australian Institute of Health and Welfare 2011, The health and welfare of Australian’s Aboriginal and Torres Strait Islanders people an overview, Cat No. IHW 42, Canberra, AIHW. Alzheimer’s Australia 2009, National Consumer Summit Younger Onset Dementia Not too young for dementia, Canberra. Broe, G.A., Pulver, L.J., Arkles. R., Robertson. H., Kelso. W., Chalkley, S. Draper. B., Cognition, Ageing and Dementia in Aboriginal and Torres Strait Islanders people: A review of the literature, Dementia Collaborative Research Centre Assessment and Better Care Outcomes, pp. 1-4. Carrington, C.J.S., Li, J., Mitrou, F. Zubrick, S. R.,† Socioeconomic disparities in the mental health of Indigenous children in Western Australia†, BMC Public Health, Vol 12, pp. 1-12. Department of Health (DoH) 2011, New South Wales Dementia Services Framework 2010-2015, GL2011-004, NSW. Rinfrette, E. S. 2010, Impact on Informal Caregivers for those with Early Onset Dementia, State University of New York, Buffalo, http://gradworks.umi.com/34/07/3407891.html. Thompson, P., Bradshaw, P. M., Veroni, M. Wilkes, E., â€Å"Cardiovacular risk among urbasn Aboriginal people†, Medical Journal of Australia, Vol. 179, Issue. 3, pp 143-146. Vos. T., Barker. B., Stanley. L. Lpoez A. D, 2007, ’The burden of disease and injury in Aboriginal and Torres Strait Islanders peoples: Summary Report†, Brisbane, School of Population Health, The University of Queensland. Page | 1

Project Appraisal And Risk

PROJECT APPRAISAL AND RISKQ1. Risk & Uncertainty is an important part to be considered before any projects investment appraisal. Select the appropriate option which relates to either Risk or Uncertainty. (HA)It is Quantifiable RISK UNCERTAINTYIncreases as the projects life increases RISK UNCERTAINTYIt is difficult to assign probabilities RISK UNCERTAINTYIncreases as the variability of returns increases RISK UNCERTAINTY(2 marks) Q2. Cipher Co. plans to buy a new machine which will produce expected sales of 110,000 units per year. Each unit can be sold for $15 per unit. The project is expected to last for five years. The project NPV is $1780. The company profit tax one year in arrears at an annual rate of 30% per year. Calculate the sensitivity of the new machine to a change in selling price using the cost of capital of 11%.4%4.4%4.7%5%(2 marks) Q3. Calculate the sensitivity of selling price? The following information to be used:Investment in Year 0 $30,000, Sales volume 200 units per annum each costing $200, Variable cost $50/unit & Total Fixed cost $6000 per annum. The project life is estimated to be three years with the cost of capital of 10%. (MCQ)30.5%29.8%25%15%(2 marks) Q4. Select the appropriate strength & weaknesses for sensitivity analysis according to the statements. (HA)It identifies crucial areas for the success of the project STRENGTH WEAKNESSIt provides information which allows management to make subjective judgments STRENGTH WEAKNESSIt is not an optimizing technique STRENGTH WEAKNESSIt assumes that changes to variables can be made independently STRENGTH WEAKNESS(2 marks) Q5. Calculate the sensitivity of contribution? The following information to be used:Investment in Year 0 $60,000, Sales volume 600 units per annum each costing $125, Variable cost $10/unit & Total Fixed cost $4000 per annum, the Tax rate is 20% will only be applicable on taxable cash flows & capital allowances are to be ignored. The project life is estimated to be two years with the cost of capital of 8%. (MCQ)45.4%41.8%33.2%30.6%(2 marks) Q6. Dmitri is contemplating purchasing a machine for $275,000 which he will use to produce 50,000 units per year for five years. These products selling price is $10/unit and variable costs are expected to be $6/unit. Incremental fixed costs will be $70,000 every year for production & $25,000 every year for selling and distribution. Petra has a required rate of return of 10% per annum. By how many units must the estimate of production and sale volume fall for the project to be regarded as not worthwhile? (MCQ)2,8756,4658,11512,315(2 marks) Q7. Zulu Co. is considering to invest in a project costing $20,000, the amount is payable at the start of the first year of operation. The estimated future cash flows & its probabilities are given below: Year 1 The present value of cash flow ($) Probabilities17,500 0.7211,700 0.2(5,000) 0.08Year 2The present value of cash flow ($) Probabilities23,000 0.65(3,500) 0.35Calculate the total expected value? (MCQ) $23,700$14,540$13,725$8,265(2 marks) Q8. An individual uses expected value on the assumption to (MCQ)Reduce risk for a given level of returnMaximize return for a given level of riskReduce risk irrespective of the level of returnMaximize return irrespective of the level of risk(2 marks) Q9. Which of the following TWO are disadvantages of Expected value? (MRQ)Relatively simple calculationIgnores variability of payoffsDeals with multiple outcomesThe answer is only a long-run average (2 marks) Q10. â€Å"Using mathematical models, it produces a distribution of the possible outcomes from the project using multiple uncertain variables.† Choose the appropriate Technique. (MCQ)SimulationRisk-adjusted discount ratesAdjusted paybackExpected value(2 marks)PROJECT APPRAISAL AND RISK (ANSWERS)Q1. It is Quantifiable RISK Increases as the projects life increases UNCERTAINTYIt is difficult to assign probabilities UNCERTAINTYIncreases as the variability of returns increases RISK Q2. ASelling Price = 110,000 Ãâ€" $15 = $165, 0000Annuity Factor 11% (1 – 5 years) = 3.696Annuity Factor 11% (1 – 6 years) = 4.231Discount Factor 11% (Year 1) = 0.901Annuity Factor 11% (2 – 6 years) = 4.231 – 0.901 = 3.33Year 1-5 Tax rate Year 2-6 Cash flow 1650,000 Ãâ€" 30% 495,000 Ãâ€" Ãâ€" Annuity 3.696 3.33 Selling Price after tax 6098,400 – 164,8350 445,0050Sensitivity = (1,780 à · 445, 50050) Ãâ€" 100 = 4% Q3. Years Cash flow ($) Discount Factor (10%) Present value ($)Investment 0 (30,000) 1 (30,000)Sales Revenue 1-3 40,000 2.487 99,480Variable Cost 1-3 (10,000) 2.487 (24,870)Fixed Cost 1-3 (6,000) 2.487 (14,922)NPV 29,688Selling Price = (29,688 à · 99,480) Ãâ€" 100 = 29.8% Q4. It identifies crucial areas for the success of the project STRENGTH It provides information which allows management to make subjective judgments STRENGTH It is not an optimizing technique WEAKNESSIt assumes that changes to variables can be made independently WEAKNESSInformation will be presented to management in a form which facilitates subjective judgment to decide the likelihood of the various possible outcomes considered.It is not an optimizing technique. It does not point directly to the correct decision.It assumes that changes to variables can be made independently, e.g. raw material costs will change independently of other variables. This is highly unlikely. Q5. CYears Cash flow ($) Discount Factor (8%) Present value ($) After Tax Present value ($) Investment 0 (60,000) 1 (60,000) (60,000)Sales Revenue 1-2 75,000 1.783 133,725 106,980Variable Cost 1-2 (6,000) 1.783 (10,698) (8,558)Fixed Cost 1-2 (4,000) 1.783 (7,132) (5,706)NPV 55,895 32,716Contribution = (32,716 à · [106,980 – 8,558]) Ãâ€" 100 = 33.2% Q6. CYear Cash flow ($) Discount factor (10%) Present Value ($)Machine 0 (275,000) 1 (275,000)Contribution 1-5 200,000 3.791 758,200Fixed cost 1-5 (95,000) 3.791 (360,145)NPV 123,055PV of contribution must fall by $123,055 Sales volume must fall by $123,055 à · 758,200 = 16.23% Fall in sales volume = 0.1623 Ãâ€" 50,000 = 8,115 Q7. DYear 1 Present value of cash flow ($) Probabilities Expected value ($)17,500 0.72 12,60011,700 0.2 2,340(5,000) 0.08 (400)14,540Year 2The present value of cash flow ($) Probabilities Expected value ($)23,000 0.65 14,950(3,500) 0.35 (1,225)13,725(14,540 + 13,725) – 20,000 = 8,265 Q8. DThe Expected Value is the weighted average of all the possible outcomes, with the weightings based on the probability estimates. This is specifically used to maximize the shareholder's wealth exclusive of any risk assumptions. Q9.Relatively simple calculation (Advantage)Ignores variability of payoffs (Disadvantage)Deals with multiple outcomes (Advantage)The answer is only a long-run average (Disadvantage) Q10. AThe simulation uses a mathematical model, it produces a distribution of the possible outcomes from the project using multiple uncertain variables.

Should Teenagers Be Tried as Adults

* Should teenagers be tried as adults? Opinions differ. Some people argue that teenagers don't know what they are doing when they commit a crime and are still too young to comprehend what is right and wrong. I totally disagree. I am old enough to know that committing a crime is wrong and that if I commit one, I will be punished. Anyone who says teens can't tell right from wrong is either too old to remember what being a teenager is like or they are a teenager who has committed a crime and don't want to be tried as an adult. In either case, they are wrong. All teens know that killing is wrong, yet they do it anyway and get away with a light sentence because of their age. Even if a teen didn't know it was wrong, it doesn't mean it's right. They should still be punished. If they aren't, they will think that crimes are okay and continue to commit them. Teens today don't fear the law because they don't think they will get caught. And if they do, they know they have a good chance of getting off because they are tried as teens and not adults. We have to get tougher on crime. There should be a law that everyone over eleven years old will be tried as adults. That way more teens would be discouraged from committing crimes. They would know that murder would get them a very long sentence instead of staying in juvenile hall until they are eighteen. If we want to cut down on teen crime, we have to have tougher laws. ? * I don't think there is any excuse for committing a crime. * i think it depends on the crimes stances. hat if a kid kills their physically abusive parents in those cases there should be special treatment. However crimes of passion and maybe drugs should they should be tried as adults. * Since we're talking about murder cases, I believe that teens should be tried as adults. If not, they are most likely going to repeat the crime knowing that they won't get in any serious trouble. For example, I know people who have stolen things of mine because they figured they were only 10 and there was no one who would really pun ish them if they were caught. Now, at 13 they are still stealing because they think it's okay. Now if you're a teenager, you know that murder is wrong (unless it's in self-defense) so there is no excuse for doing so. * A rising number of juveniles under the age of 18 are not only being charged for crimes as adults, but are serving in adult jails and even serving life sentences. Every state has some mechanism in place that allows juveniles charged with certain crimes to be tried in criminal court as adults. Thousands of children annually are even being â€Å"automatically† transferred to adult criminal court. Much of the change in the laws over the past few decades making it easier to try youths as adults has been in part due to the increase in juvenile crime and public outrage over particularly violent crimes and repeat juvenile offenders. The most common increases in juvenile crime have been noted with respect to gang violence, school shootings, increases in drugs in youth neighborhoods, and even increases in bullying among peers.