Emersons Love in Retrospect Essay Example | Topics and Well Written Essays - 500 words

Emersons Love in Retrospect - Essay Example He writes in Experience that life is "a train of moods like a string of beads," through which we see only what lies in each bead's focus. He knew that there is no need for us to apply critical thinking so that we may comprehend the meaning of a soulful glance between two persons. Though love cannot be quantified, it can be understood almost naturally because every wants to love and be loved and seeing someone loving generates profound interest and fondness from them. Seeing love induces us to a mood of love and euphoria itself. Out of all many love stories which I have encountered on different forms of media, it is the story contained in the film Titanic that I have greatly appreciated. Gracing movie theatres in 1997, the film tells the ill-fated love story of Jack Dawson (Leonardo DiCaprio) and Rose DeWitt Bukater (Kate Winslett) set against the sinking of the RMS Titanic in her maiden voyage. Rose, unyielding to the fate of having upper class Caledon Hockley as her future husband, falls into a relationship with charming and adventurous but lower class Jack. The intensity of their love can be shown in the way they look at each other's eyes. Take for example the still from the film shown. In this picture, we see the melding of the passion and emotions that burns from deep within them. The way they held each other's arms arouses a cornucopia of feelings and thought that I have felt when I experienced love.

Organizational Structure Presentation Essay Example for Free

Organizational Structure Presentation Essay As a manager of Van Rensselaer Manor Nursing Home Rehabilitation Center, we now are going to propose a new addition of long-term care services along with still having services for short-term on an inpatient and outpatient basis. The future of our organization’s growth internally and externally will demand how well we communication our abilities not only to our staff but to our surrounding community. We will be in need of new experience workers for physical therapy, counselors to work with patients and families, along with specialized doctors and nurses. Communication will be the number one factor in finding the right professionals for our organizations growth within the community. Our communication tactics need to be easily understood by all parties, and we need not use overpowering management terms so that employees think we are talking down to them. Effective communication means having everyone on the same page learning from one another while growing inside and outside the organization. Leadership involves good communication among all ranks of the management team and staff. Coaching, mentoring and walking around the office each day getting to know your people personally and their working skills will improve the growth internally and externally of the organization. Effective internal communication starts with our organization having sufficient skills in listening, speaking, questioning and sharing feedback. As a manager, it is my job and my management team to ensure that the most important outcome from the above skills is conveying that we value hearing from others and them hearing from us. Sharing information on a regular basis with the staff is effective communication and will keep the organization’s mission number one in everyone’s goals. â€Å"The main differences between internal and external company communications are the content and the audience. Internal communications include employees and shareholders, such as the companys board of directors or stockholders. External communications include clients, prospective customers and the public.

Commercials and Advertising Essay -- essays research papers

  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Analyze This   Ã‚  Ã‚  Ã‚  Ã‚  Did you ever sit and analyze the kinds of commercials that are played on the television? At designated times, different people are targeted. Or how about the ways the grocery stores are set up with the candy, soda, and magazines near the check out area. Items in a store are put in certain places for a reason. These are all clever selling techniques that manufacturers come up with to get people to buy their products.   Ã‚  Ã‚  Ã‚  Ã‚  Around 2:30 until about 5:00, the kids come home from school, and the cartoons and other kids shows are on. So why not show commercials for the latest Barbie doll or hot wheels playset. Children see this, remember it and figure out how to co...

Censorship and Media

Censorship and the Media The media provide our access to news and information. The citizens of a nation need to stay informed and thus come to trust the media that brings the news and information they desire without fear that it is a lie, an agency of an evil foreign power or in any other way not the closest to the truth possible. Censoring the media is tantamount to mind control of the citizenry. This issue is everyone's problem. Thailand is in many ways a free country. However, a nation that has always tolerated a remarkable amount of censorship, and spawned dismaying numbers of self-appointed guardians of taste and morality.Since governments almost always have an interest in controlling the free flow of information, official censorship is something that must be constantly guarded against. In our society, large corporations are a more common source of censorship than governments: Media outlets killing stories because they undermine corporate interests; advertisers using their finan cial clout to kill negative reports; powerful businesses using the threat of expensive lawsuits to discourage legitimate investigations.The most frequent form of censorship is self-censorship: Journalists deciding not to pursue certain stories that they know will be unpopular with the boss. In contrast to state censorship, which is usually easy to recognize, self-censorship by journalists tends to be obscured. It is particularly murky and dangerous in the emerging media environment, with routine pressures to defer to employers that have massive industry clout and global reach. In some parts of the world, the media are controlled by the government.This means that no one can broadcast or publish anything that the government considers to be immoral or harmful, or that threatens the country's stability (i. e. , the government's own power base). This is what we usually think of when we hear the word censorship. Democratic countries, on the other hand, take pride in upholding the principl e of freedom of speech. People are free to speak and write whatever they wish, with some carefully defined exceptions. But there is another controlling power at work in a market economy – the power of money.For example, in North America most mainstream publications depend on two income sources: subscriptions and advertisers. Both influence decisions about content. Readers must find the content relevant, interesting, tasteful, and entertaining or they will drop their subscription. Advertisers will cancel their accounts if they consider the content to undermine or challenge their message about the product they sell. For instance, the tobacco industry has enormous advertising power in the U. S. , with annual expenditures of over $5 billion (or $75 for every adult smoker).Since cigarette advertising was banned on radio and TV in 1970, most of this money has been spent on expensive ads in the print media. Some will argue that censorship is unconstitutional. In the first Amendment to the American Constitution, all people are guaranteed the right to freedom of speech. For example, censoring of albums and V-chip technology, it does not technically violate the Constitution, it does violate the spirit of the Constitution. The First Amendment in the American Constitution suggests that all people also have the right to have their opinions heard in their original form.It does not say anything about whether or not a person has the right to censor that which offends them, as many attempts at censorship are. If these violations of Constitutional rights continue, dire consequences could result. The censorship of media is helping to sterilize music, television, and books. If this trend continues, we will soon be seeing only one kind of entertainment, light, romantic, insubstantial. All of the daring that has driven all of the great human artistic achievements through history will be lost as promising young artists are squashed by efforts to censor their work.However, tod ay's parents are too busy to do anything more than set down their children in front of a TV set or stereo and leave the parenting to the media. Education is the key to â€Å"protecting† children, and those who don’t know any better. Some people grew up watching violent movies and reading Stephen King novels, and they have never done anything extremely violent in their lives. At first the use of filtering software may seem like a simple, reasonable solution, free from any threat to the freedom of expression of adults.Once one examines this proposal more thoroughly, serious problems arise when filtering/blocking software providers select the sites and program the categories to be blocked, since this constitutes permitting a private company to make censorial decisions for the public. The frequently proposed alternative solution is to have the filtering/blocking software block sites on the basis of self-classification — what the industry has dubbed self-labeling â⠂¬â€ by each individual who operates a web site, bulletin board.As residents in a nation, and inhabitants of a global megalopolis, there are questions which the control of content on the Internet forces us to confront regarding the issue of how far we are willing to have freedom of expression and communication in an adult world governed by a standard designed to protect the possible, but apparently indemonstrable harm that might be done to children or other adults: do we really wish to control freedom of access of intelligent teenagers, much less some adults who have access only to public, filtered terminals, from participating in small discussions between a group of interested adult individuals; do we condone restricting in any way access to the online equivalent of libraries, museums, universities, and agencies disseminating news; do we wish to inhibit a multitude of other useful services becoming available on the Internet, to such a standard? That's why the Internet makes a lot of people very nervous. Because it can't be effectively, and efficiently, controlled. It is wrong to assume that the Internet has no rules, and is friendly to the exchange of objectionable materials. In fact the Internet is a `virtual community' of users with a distinct culture incorporating diverse views but finding consensus in opposition to censorship and access control. There is also strong opposition to the exploitation of children; in fact, many Internet users have cooperated in attempts to identify those who create and distribute child pornography.But, consider these possible analogies to the Internet: — The Internet is a vast mail system, like a post office. Would you favor a law that required postal authorities to open each piece of mail and evaluate its acceptability? — The Internet is a huge library system. Would you favor a law that would restrict information a library can provide? — The Internet is a collection of virtual communities. Would you favo r a law that required routine searches of your community? I do, however, believe in such â€Å"censorship† techniques as movie ratings and album advisory labels. These, in actuality, are not censorship, but actually help the artist to exercise creative freedom.These warnings help parents to decide if a work is appropriate for them or for their children. Consequently, more is acceptable artistically. For example, an album such as rapper â€Å"Ludacris† would never have been able to be released before the advent of the warning label. So, in that sense, warning techniques help to protect artists' freedoms, as well as the innocence of children. Bibliography: Johnson, Lorraine ed. Suggestive Poses: Artists and Critics Respond to Censorship (Toronto: Toronto Photographers Workshop and the Riverbank Press 1997) Marotte, Bertrand â€Å"Censorship Hot Topic at Conference† Southam News Background in Depth, February 13, 1996. http://www. southam. com/mmc/waves/depth/tech/c ensor0213. tml Samson, Gareth â€Å"Illegal and Offensive Content on the Information Highway† Http://insight. mcmaster. ca/org/efc/pages/doc/offensive. html Shallitt, J. â€Å"The Real Meaning of Free Speech in Cyberspace. The Internet: Beyond the Year 2000,† http://insight. mcmaster. ca/org/efc/pages/doc/b2000. html Sterling, Bruce: The Magazine of Fantasy and Science Fiction, February 1993 http://www. magnet. gr/internet/guides/bruce. html Theall, Donald: Beyond the Word: Reconstructing Sense in the Joyce Era of Technology, Culture and Communication (Toronto: University of Toronto Press, 1995) 91-109 Wisebrod, Dov: Controlling the Uncontrollable:Regulating the Internet (1995) http://www. Catalaw. com/dov/docs/dw-inet. htm

Corporate Finance

1. Which one of the following is a means by which shareholders can replace company management? A. stock options B. promotion C. Sarbanes-Oxley Act D. agency play E. proxy fight 2. Decisions made by financial managers should primarily focus on increasing which one of the following? A. size of the firm B. growth rate of the firm C. gross profit per unit produced D. market value per share of outstanding stock E. total sales 3. Which one of the following is the financial statement that shows the accounting value of a firm's equity as of a particular date? A. income statement B. creditor's statement C. balance sheet D. statement of cash flows E. dividend statement4. Which one of the following is the financial statement that summarizes a firm's revenue and expenses over a period of time? A. income statement B. balance sheet C. statement of cash flows D. tax reconciliation statement E. market value report5. The percentage of the next dollar you earn that must be paid in taxes is referred to as the _____ tax rate. A. mean B. residual C. total D. average E. marginal EDCAE6. The cash flow of a firm which is available for distribution to the firm's creditors and stockholders is called the: A. perating cash flow. B. net capital spending. C. net working capital. D. cash flow from assets. E. cash flow to stockholders.7. Canine Supply has sales of $2,200, total assets of $1,400, and a debt-equity ratio of 0. 3. Its return on equity is 15 percent. What is the net income? A. $138. 16 B. $141. 41 C. $152. 09 D. $156. 67 E. $161. 548. Beach Wear has current liabilities of $350,000, a quick ratio of 1. 65, inventory turnover of 3. 2, and a current ratio of 2. 9. What is the cost of goods sold? A. $980,000 B. $1,060,000 C. $1,200,000 D. $1,400,000 E. 1,560,0009. The sustainable growth rate of a firm is best described as the: A. minimum growth rate achievable assuming a 100 percent retention ratio. B. minimum growth rate achievable if the firm maintains a constant equity multiplier. C. maximum growth rate achievable excluding external financing of any kind. D. maximum growth rate achievable excluding any external equity financing while maintaining a constant debt-equity ratio. E. maximum growth rate achievable with unlimited debt financing.10. The internal growth rate of a firm is best described as the: A. inimum growth rate achievable assuming a 100 percent retention ratio. B. minimum growth rate a chievable if the firm maintains a constant equity multiplier. C. maximum growth rate achievable excluding external financing of any kind. D. maximum growth rate achievable excluding any external equity financing while maintaining a constant debt-equity ratio. E. maximum growth rate achievable with unlimited debt financing. DEDDC11. What is the present value of $1,100 per year, at a discount rate of 10 percent if the first payment is received 6 years from now and the last payment is received 28 years from now? A. $6,067. 36 B. $6,138. 87 C. $6,333. 33 D. $6,420. 12 E. $6,511. 0812. The current yield is defined as the annual interest on a bond divided by which one of the following? A. coupon B. face value C. market price D. call price E. dirty price13. Currently, the bond market requires a return of 11. 6 percent on the 10-year bonds issued by Winston Industries. The 11. 6 percent is referred to as which one of the following? A. coupon rate B. face rate C. call rate D. yield to maturi ty E. interest rate14. Big Falls Tours just paid a dividend of $1. 55 per share.The dividends are expected to grow at 30 percent for the next 8 years and then level off to a 7 percent growth rate indefinitely. What is the price of this stock today given a required return of 15 percent? A. $67. 54 B. $69. 90 C. $72. 47 D. $77. 67 E. $78. 1915. Hardwoods, Inc. is a mature manufacturing firm. The company just paid a $10 dividend, but management expects to reduce the payout by 9 percent each year, indefinitely. How much are you willing to pay today per share to buy this stock if you require a 15 percent rate of return? A. $34. 79 B. $37. 92 C. $38. 27 D. $41. 33 E. $42. 09 ACDDB Corporate Finance Consider a project to produce solar water heaters. It requires a $10 million investment and offers a level after-tax cash flow of $1. 75 million per year for 10 years. The opportunity cost of capital is 12 percent, which reflects the project's business risk. Suppose the project is financed with $5 million of debt and $5 million of equity. The interest rate is 8 percent and the marginal tax rate is 35 percent. The debt will be paid off in equal annual installments over the project's 10-year life. A) Calculate APV.APV = NPV + PV of debt tax shield NPV = PV of cash flows – initial investment Initial Investment 10,000,000 Cash flows 1,750,000 Period 10 years Discounting rate12% PV of cash flows 9,887,890 using the PV function NPV (112,110) We now calculate the PV of debt tax shield Year Debt Outstanding at Start of Year InterestInterest Tax ShieldsPresent Value of Tax Shields 1 5,000,000 400,000 140,000 129,630 2 4,500,000 360,000 126,000 108,025 3 4,000,000 320,000 112,000 88,909 4 3,500,000 280,000 98,000 72,033 3,000,000 240,000 84,000 57,169 6 2,500,000 200,000 70,000 44,112 7 2,000,000 160,000 56,000 32,675 8 1,500,000 120,000 42,000 22,691 9 1,000,000 80,000 28,000 14,007 10 500,000 40,000 14,000 6,485 Total 2,200,000 770,000 575,736 NPV (112,110) PV of debt tax shield 575,736 APV 463,626 B) How does APV change if the firm incurs issue costs of $400,000 to raise the $5 million of required equity? With flotation cost , APV = NPV + PV of debt tax shield – flotation cost Flotation cost 400,000 APV 63,626 Corporate Finance There is nothing like optimum capital structure for a firm. The Optimal Capital structure is that Capital Structure at which the weighted Average cost of capital (Ko) is Minimum. It is that combination of Equity and Debt at which the total cost of capital is mini-mum. Trade-off theory argues that there's an optimal amount of debt of each firm. At this level of debt, firms can take the most advantage of debts. Debts can be tax shield so that they can save money for firms to reinvest in other projects so as to earn more profits.However, debts can be quite dangerous because highly leveraged firms may face bankruptcy and financial distress costs (no matter they're direct or indirect) may increase the cost of debt of the company. Therefore, there must be a level of debt that make the benefits of debt and potential danger of debt offset each other. In another word, the marginal revenue of debt equals the marginal cost of debt. But remember, the real cases are not as easy as we put here.Whe n a firm procures funds from investors or owners, there will be an explicit or implicit promise to pay return to them. The return is paid in terms of interest which is compulsory paid to all investors and owners, but the return paid to owners in the form of dividends is optional. The dividend decision by any firm, like the investment and financing decisions is also taken for maximization of market price of the share.The term dividend refers to that the portion of profit (after tax) which is distributed among own-ers/shareholders of the firm and the profit which is not distributed is called as retained earnings Dividend Payout Ratio is determined by the dividend policy adopted by the company, and it is im-plemented to decide about the percentage of profits to be distributed by the firm to its own-ers/shareholders. Dividend is always depends on the total profit that a firm acquired after taxes. There are a few factors that affect the Dividend policy of a company.They are Liquidity , G rowth Plans and Control Dividend Payout Ratio is also called as DP Ratio which is a mathematical value as DP Ratio = Dividend paid to the Shareholders / Net Profit after tax. Capital Structural Theories Capital structural theories are designed with a concept of valuation of the firm; it is the earnings of the firm and the investments made by the firm. Capital Structural Theories also used to find the dividend pay-out for its owners/shareholders. Cost of the capital, investment and return on investment (ROI) are a part of dividend policy.The relationship between leverage cost of capital and the value of the firm can be analysed in different ways. Factors determining Capital Structure are minimization of risk, control, flexibility and the profitability of the firm. A firm's capital structure is a combination of the firm's liabilities (debts) and the assets (equity and profits). For Example: A firm with 100 billion as capital structure has 40 billion from equity (shareholders and owner s) and the 60 million as debt (Loans and Funding), then the firm is said to be 40% – equity fi-nanced and 60% – debt financed. . Traditional Theories Net Operating Income (NOI) approach is just an opposite of NI approach. According to the NOI ap-proach, the market value of the firm depends upon the net operating income or profit and the overall cost of capital. NOI approach is based on the argument that the market values the firm as a whole for a given risk complexion. Thus, for a given value of the firm remain the same irrespective of the capital composition and instead on the overall cost of capital.Mathematically Net Operating Income (NOI) is Value of the Firm = Earnings before Tax / Cost of Equity Capital Net Operating Income approach says that an increase in debt proportion of the capital source will always result in increase of the equity proportion of the firm. Modigliani-Miller Model Modigliani-Miller model which was presented in the year of 1958 on the relatio nship of leverage, cost of capital and the value of the firm. This is widely used capital structure method to analyze the value of the firm.They have shown that the financial leverage doesn't matter and the cost of capital and the value of the firm are independent of the capital structure. Modigliani-Miller methods show that there is nothing which may be called as Optimal Capital Structure – to get high valuation of the firm. Modigliani-Miller model is based on following assumptions: 1. The capital markets are perfect and complete information is available to all the investors free of cost. The implication of this assumption is that investors can borrow and lend funds at the same rate and can move quickly from one security to another, 2.Securities are infinitely divisible; Investors are rational and well informed about the risk-return of all the securities. Modigliani-Miller model says that the total value of the firm is equal to the capitalized value of the operating earnings of the firm. The capitalization is to be made at a rate appropriate to the risk class of the firm. Growth Plans, are involved in capital structural theories in which a certain amount will be allocated for the growth plans. A finance manager should draw a plan according for the dividend policy.For Example: The firm has $10 million as equity capital and $6 million as debt capital and the firm made a profit (after tax) of $2 million, and the fund allocated to the growth plan was $1 million. For suppose there are 10,000 shareholders in the company and as per capital structural theories some amount will be allocated for the liquidity that is five hundred thousand and the remaining amount should be distributed as Dividends. In this case each shareholder or the owner will receive $50 as dividend.Capital structural theories say that if a firm is in profit and it is looking to expand the business, the profit can be rolled over to the investment option. In this case there will be no dividend s or bonuses issued to the shareholders or the owners. For Example: Low-payout consequences, which is done when the cash gets accumulated the finan-cial manager may be tempted to take on more projects that do don't meet the minimum rate of return investments. If a firm has $1 million as operating income with 1000 shareholders and firms adopts to take new projects with the profit.Then this may cause unrelated relationship balances between the share-holders and the management of the firm. Optimal Capital Structure: Even though Modigliani-Miller Model says that there is nothing like Opti-mal Capital Structure, but the non-traditional methods say that a firm can attain profits only by im-plementing Optimal Capital Structure. Some firms adopt this capital structure to minimize the risk, flexibility on the investments and the profitability.The finance manager should be able to identify that optimal point (profit point) for the firm precisely, but not to attempt to track the optimal range for the capital structure. Optimal Capital Structure differs from different firms, Existing Firm and a New Firm. For Example: Existing Firm may require additional capital funds for meeting the requirements of growth, expansion, and diversification or even for working capital management. The decision for a particular source of funds is to be taken in the totality of capital structure, i. e. n the light of the re-sultant capital structure after the proposed issue of capital or debt. The Capital Structure of the new firm is designed in the initial stages of the firm and the financial manager has to take care if many considerations, the present capital structure be designed in the light of a future target capital structure. Future plans, growth and diversifications strategies should be considered and factored in the analysis, so optimal capital structure greatly influences the divi-dend policy of any firm, depending upon there capital structure.Broadly speaking the dividend policy can b e determined by two basic analyses required to find the valuation of the proposed capital structure of the firm, i. e. one from the point of view of profitability and another from view of liquidity. Capital structure will always determine the profits of the firm and the development of the firm. Equity and Debt capital are well managed by the capital structure of the firm. A well designed capital structure will have a very good impact on the dividend policy of the company.