The components of financial management Coursework

The components of financial management - Coursework Example Year Cash flow Discount factor Present value 0 (? 2m) 1 (? 2m) 1 (? 1.5m) 0.909 (? 1.3635m) 2 ? 1.0m 0.826 ? 0.826m 3 ? 1.3m 0.751 ? 0.9763m 4 ? 1.8m 0.683 ? 1.2294m 5 ? 1.3m 0.621 ? 0.8073m 6 ? 0.6m 0.564 ? 0.3384m ? 0.8139m The NPV of the project is ? 0.8139m. This is a positive amount and therefore is an indicator that the project can be carried on. Section II Associated risks of the project The risk associated with a project may be defined as the variability that is likely to occur in the future returns from the project. Risk arises in investment evaluation because we cannot anticipate the occurrence of the possible future events with certainty and consequently, cannot make any correct prediction about the cash flow sequence. In the context of capital budgeting projects, risk results almost entirely from the uncertainty about future cash inflows, because the initial cash outflow is generally known. These risks result from a variety of factors including uncertainty about future re venues, expenditures and taxes. Therefore, to assess the risk of a potential project, the analyst needs to evaluate the riskiness of the cash inflows. There are three possible attitudes towards risk that can be identified. These are: (a) Risk aversion (b) Desire for risk (c) Indifference to risk A risk averter is an individual who prefers less risky investment. The basic assumption in financial theory is that most investors and managers are risk averse. Risk seekers on the other hand are individuals who prefer risk. Given a choice between more and less risky investments with identical expected monetary returns, they would prefer the riskier investment. The person who is indifferent to risk would not care which investment he or she received. There are various risks involved in the project that have different degrees of consequences. Such risks may be categorized into technical risks, environmental risks, economic risks, political risks and project completion risks. (Horngren, Foster, & Datar, 2001) The risks that any project is predisposed can be avoidable or unavoidable and therefore a firm has to minimize the risks that face the projects it undertakes as much as possible. The project that is intended to be carried out can face the risk of errors in estimation. Such errors could disrupt the schedule of the whole project as a whole if the business and development teams do not work closely to curb such cases of errors. There is also the possibility that there can be a requirements overload whereby the requirements for the project are not well established and are therefore constantly being added later on during the development phases of the project. This disrupts the laid down schedule and delays the events of each step of the project. Lack of proper documentation of the project at the same time as the project progresses is also a risk that most projects face since critical information related to the project may be lost. PART B Section I Beck Bag Year Expected ca sh flows Accumulated cash flows 1 60,000 60,000 2 70,000 130,000 3 70,000 200,000 4 40,000 240,000 5 20,000 260,000 The project costs 200,000 and the amount is recouped in the third year, therefore the payback period is 3 years. Roo Bag Year Expected cash flows Accumulated cash flows 1 70,000 70,000 2 70,000 140,000 3 60,000 200,000 4 60,000 260,000 5 60,000 320,000 The project costs 260,000 and it takes 4 years to recoup this amount. Therefore the payba

Strategic Management Essay Example | Topics and Well Written Essays - 750 words - 12

Strategic Management - Essay Example A combination of competitive advantage and the various activities in Porter’s value chain enables the firm to attain an above average performance in the market. Cost leadership involves offering the goods and services to the consumers at a lower price as compared to the competition. The major goal of cost leadership is to provide consumers with the product at low prices and specific quality level. This approach ensures that, and the firm’s products are availed to the consumers at a price which is lower than that of the competition. Cost leadership is effective in the basic commodity industry such as pulp, tissue paper, food color and other basic products. Differentiation, on the other hand, emphasizes on quality which is the opposite of cost leadership. Differentiation aims at providing quality products to consumers at appropriate prices hence increasing the profits. Cost leadership and differentiation strategies can be achieved by organizing the five activities of Porter’s value chain model effectively. The two main ways in which cost leadership can be achieved through Porter’s value chain model include, the firm may choose to lower the cost of the various activities in Porter’s value chain model or reconfigure the activities in the model to minimize cost. An analysis of the cost of the various value chain activities is done by allocating cost to each of the activities in Porter’s Value Chain. The lowest cost obtained on each of the value chain used in the production process ensuring low-product cost. Cost advantage can also be achieved by reconfiguring the activities in Porter’s Value Chain model. This involves implementing structural changes such as the production process, new procurement and distribution process and adopting a new sales approach. The process of reconfiguring the value chain model activities is done to ensure low cost of production, marketing, distribution and purchasing from the

Shock Advertising Effective Way To Develop Social Awareness Media Essay

Shock Advertising Effective Way To Develop Social Awareness Media Essay Mass Media is the fundamental tool in the information society. In general, Mass Media can be defined as a message sent to a lot of people simultaneously; it is the vehicle to transmit information to an audience which is most of the time, heterogeneous regarding sex, age, religion, socio-economical level, etc. Nowadays, there are several kinds of Mass Media such as the radio, the television and the newspapers etc which deliver the information through audio, visual or audio visual channels. Lets think about the function of the Mass media! It is clear that one of the main function that they fulfill is to keep people acknowledge about the most current events that happen around the world both nationally and internationally, but it is the only one function that they have?-the answer is obvisoly no;Mass Media fulfill many functions in our society , but now I am going to mention only the most important ones which are :1)inform, 2) Surveillance,3)Service the economic system ,4)Entertain 5)Hold the society together 5)Persuade , etc. Now, I want to focus myself on the third and the fifth function because they are very connects into each other. Lets analyze the following situation : economic system in any country depends on a key element called consumers, so if there are not consumers , I mean , people who buy the products and services that the market offers(food , clothes, electro domestics, etc) it could be possible that an area of the economic system suffers a crisis. If it oc curs one of the most effective way to encourage people to buy, would the use of the Mass Media as persuasive technique .So as I you see, economic system and persuasion are elements closely connected. Nowadays, one of the strongest tools that Mass Media use to persuade is Adverting. , Advertising is the attempt to inform and persuade a large number of people with a single communication (Longman, 1971). Advertising is about delivering controlled messages to many people simultaneously and at a low cost per message (Wilmshurst, 1985).The main feature of the ads is that they are created in an attractive manner for the viewers. Most of the advertisement that we watch or listen to are created for an economic purpose; they offer products and services in order to persuade the audience to buy them. But, they also can be focused on promoting certain ideas in relation with controversial topics that are currently affecting our society. At the same time they deliver information, they also dissuade people to purchase their behavior and to develop awareness in regards to social issues (heath, politics, social and environmental issues etc): in this category can be found the so- called Shock advertisements. This name refers to particular features that this type of advertising ha s such as that are controversial, disturbing , explicit and crass at the time to deliver the message( ). They also apply certain tactics to persuade their audience which are mainly, fear, guilty, compassion, etc. That way, the combination of those feelings in an announcement is supposed to work well to. But does it really work? Is shock advertising an effective way to develop social awareness? or are they just a manner of offending people? Shock ads can be effective depending on the way they appeals to audiences feelings. Shock ads appeal to the deepest feelings of fear, guilty, sadness, disgust, etc .So, they used to work with impacts images that usually show the consequences of approaching behavior.Currently, one of the most common examples of shock advertisements are related to lethal diseases that are affecting strongly to the society such as HIV, Breast cancer, diseases caused by the excessive use of cigarettes etc .Lets think in this last one, the use of cigarettes. In our society is has become very that people start smoking to early age and continue smoking during all their life. This excessive usage of cigarettes can cause serious diseases such Lung cancer and other health problems which decrease the quality of peoples life. Smoking is a dangerous vice which can end with peoples death. So, what do advertisers do to develop awareness in regard to this issue? They resort to the persuasion through the creation of shock ads which show impacts images about the negative effects of smoking in people parts of body like teeth, mouth, trachea, lungs etc. Even though, these images can impact to the audience, they also need to produce change in peoples behavior so they need to appeal to the precise feeling to obtain positive results. According to researchers in the United States, in order for anti-smoking adverts to be effective they must either scare or disgust the audience. A study by researchers at the University of Missouri has revealed that ads which have a combination of both fear and disgust content decrease viewers attention and memory but those which focus on one or the other, increased attention in viewers. But, to be honest, the fact that these images attract the viewers attention and impact them is a guarantee that they will change their behaviors and will stop smoking? And what happen when the audience becomes accustomed to see those kinds of ads? Does it cause the hopeful results? In 2009, several researches were carried out to pro the effectiveness of shocking advertisements in Great Britain and according to Professor Alex Gardner, a chartered psychotherapist and psychologist, shocking ads traditionally worked however, if the same tactics and the same message are being used all the time, and then it will only become wallpaper to a person. So, as this research shows, using the same images and tactics all the time for communicating messages to the audience doesnt work very well. Now, lets analyze what happen with the case of shock advertisement used for anti- smoking campaigns. They used to work with images that show the negatives effects of smoking in peoples body parts: damaged teeth, gory lungs, etc. That way, with the purpose of keeping peoples interest and for they dont become desensitized, advertisers use another images which are also shocking but in a different way: for example, showing pictures where a child is smoking a cigarette and is saying: I wanna be like you .What does this ad communicate? Essentially, it also talks about the consequences of smoking but through of a new message which is not as explicit as the images of damaged part of the body .This message makes people realize that when they smoke , they damage not only their heath but also theirs children heath. As Andy Nairn, the executive planning di- rector of Miles Cal crafts Briginshaw Duffy in Great Britain. Says:By featuring extreme, shocking images, youre giving people a get-out clause, making them think: I m not that bad. Shock stimuli influence in a positive way the comprehension of the messages and increase retention of them in the viewers. There are three levels of shock in advertising: visceral shock, intellectual shock, and for lack of a better term, soul shock (Bruce Grierson, 1998). So, when an audience watches a shock ad about a specific issue (social, health, environmental, etc) one of these three levels will react. Although shock advertising is effective as they attract peoples attention and facilitate retention in the viewers, they can also be people in several ways. What is more, in one of theirs definition Venkat and Abi Hanna said, shock advertising appeal and, indeed shock, is regarded as, and advertisement that deliberately offends its audience. Lets analyze what kind of offences shock ads can elicit to the audience that watch or listen to them. The offences are closely in relation with violating norms either social or religious which should not be broken up. But, what is norm violation? According to Baron and Byrne (1997), is the violation of shared expectations within a social group, of their rules what is acceptable what is unacceptable. That way, shock ads show both certain messages and images that break these norms in many ways. There are a lot of manners that advertisers can offend their audience which are :obscenity, sexual references, profanity , vulgarity ,religious taboos , etc . There are many ways in which shock ads offend people ,specially, social and religious organizations. Members of Catholic religion have been strongly offended by the images that shock ads show,. One of the most reminded ads is called kissing-nun sensual kiss with the sacred vows pronounced by men and women who enter religious orders. This advertisement caused a high impact in the viewers who are encoring to refuse the ideas and beliefs of Catholicism. This offended in a terrible way the whole catholic community. So, the use of this ad was finally banned. But lets think in the final purpose of this ad , it try to bring awareness or it is just trying to promote ideas against the Catholicism. It actually does not have a real purpose. Taking all in consideration, we are living in a society which is constantly receiving lot information. This information is delivered by the Mass Media which can be defined as a message sent to a lot people simultaneously .It is the vehicle to deliver information to the audience which is most of the time heterogeneous.Mass media is a key tool in the knowledge and information society because it fulfills several functions such as: :1)inform, 2) Surveillance,3)Service the economic system ,4)Entertain 5)Hold the society together 5)Persuade , etc.There are of these functions which are closely related: they are the economic system and to persuade. Economic system of any country depends in a direct way of a key element called costumers, that is to say, people who buy the products and services that the market offers. If there are not buyers it is probably that an economical crisis occurs. Therefore, it is necessary that exist something which encourages people to buy: Something or someone that persuade people. This is the role of a technique called advertising. Advertising is the attempt to inform and persuade a large number of people with a single communication (Longman), 1971).It needs to be created in a very attractive manner to attract audiences attention and persuade people for they to buy the products and services that the ad offers. But, ads not also offer products and services but also they promote ideas regard to social issues that are affecting our society. In that category we can find a special type of advertising which is called shock advertising. This type of ads has become very popular in our society because of the particular tactics that they use to attract the attention of the viewers. In few words, shock ads are disturbing, controversial and crass at the time to deliver the messages. They use the shock factor in order to impact their audience for influencing behavioral changes. But does it work? It is shock advertising an effective to develop social awar eness? Shock ads use the shock factor which a very strong tool at the time to attract the attention. Shock factor cause a high impact in peoples mind and help to promote changes in their behaviors. Nowadays, Shock advertisements are focused on communicates messages which have relation with health problems and its effects. Antismoking Campaigns have become popular because they used to work with shock images. That appeal to the most deepest peoples feelings..the effeteness of a shock ad depends on the way it appeal t audiences feelings , how the shock stimuli works for people to comprehend the messages and change their behavior..Shock ads can be a very useful tool to develop awareness in our society but it also can be offensive in the way they do not contribute to the society.

Ethical Issues with Stealing

Case- Study Method 1. Identify the ethical issues * she is being paid double * she has not reported it after 2 and a half months * the money is not hers * she can get in a lot of trouble * she looks bad in front of other colleagues if they were to ever find out. 2. Identify two possible plausible courses of action * tell Human Resources they made a mistake and give back the money * keep the money and hope no one notices. 3. Identify and quickly define some ethical theories Rawls: the greatest amount of good for the worst off people * He would have thought that regardless of intentions the ends is more important than the means. * Difference principle applies because it justifies that creating (or increasing) inequality is ethical only if doing so also benefits the worst off members of society. * Utilitarianism: * The greatest amount of good for the greatest amount of people * Wouldn’t support this because it is a selfish act * The intentions don’t matter it depends on th e means of the situation. Francine would benefit from the situation but the department would be losing money so the greatest amount of people would not be benefit. * Veil of Ignorance * Original Position : assume the â€Å"state of nature† hwere there’s no cooperation * Everyone is perfectly rational and completely self0interested * No knowledge of : race, sex, age, socioeconomic position, marital status, local, abilities/ skill, intelligence, etc. this means that Francine would not have the knowledge that she was being overpaid and continue on being ignorant about it. . Analyze the courses of action using the ethical theories : use theories above. 5. Weigh the considerations and come to a single recommendation for action : * Francine should report that she is being paid double because it is not ethical to be receiving money for no reason. * Could be considered stealing * Looks bad upon her * Makes her seem untrustworthy * Can lose her job * No one will have respect fo r her * Only benefits herself (her debit) 6. Justify your recommendations with reasons: look above.

The Act of Sodomy in Florence during the Italian Renaissance

The Act of Sodomy in Florence During the Italian Renaissance During the Italian Renaissance, the sexual environment of fifteenth-century Florentine society is described as Florentine men partaking in some kind of same-sex experience. These same-sex acts were not just wrong doings, but a fundamental part of Florentine masculine identity. More specifically I will focus on sodomy, the act of anal or oral sex, which can be heterosexual or homosexual. What I will be analyzing in this paper is the term sodomy in fifteenth-century Florence. The Church in Florence considered this act to be both criminal and sinful and it will be presented through government documentations from Gene Brucker’s anthology The Society of Renaissance Florence: A Documentary Study. While the harsh treatment of sodomy was generally due to religious beliefs, I believe the act of sodomy in Florence established the harsh treatment it did not solely because of religious beliefs, but also due to social, moral, and demographic features. According to documents within Brucker’s anthology, the criticism against sodomy is due to religion within the Florentine society. The government document titled â€Å"Legislation Against the Vice,† dated 1418, states sodomy was â€Å"†¦so contrary to nature that the anger of the omnipotent God is incited not only against the sons of men but also against the community†¦Ã¢â‚¬  (Brucker 202). This assertion expresses how much Christian religion played into the treatment of sodomy. Within thisShow MoreRelated William Shakespeare and His Works Essay3349 Words   |  14 Pagesplays and several works of poetry. Of course his plays would be well underappreciated during his time (as with all great artists), but later, such titles as King Lear, Twelfth Night, Romeo and Juliet, Hamlet, and Macbeth would only begin a list of some of the most appraised scripts ever written (Armstrong, 1-5). While these plays carry the weight of Shakespeare’s legacy, he was also a dedicated poet. During the years of the black plague in the late 16th century, theaters were closed from 1592

The Synthesis Of Semiconductor Devices - 982 Words

The synthesis of semiconductor devices in microelectronics and photonics applications has always fascinated me, and the field of developing electronic and photonic solid-state devices is a field that I find continuously interesting and rewarding. The physics behind these devices and their manufacturing are consistently setting new limits or allowing for new methods that produce useful applications. By embracing and driving research, industries which rely on evolving electronic devices and methods enjoy a rapid pace of development. Because of this, we see photonic solutions proposed as an alternative to the more physical electronic devices. Moreover, we see approaches that integrate these worlds. My interest in these fields will require an extensive academic and research foundation regarding devices that rely heavily on quantum, electromagnetic and other phenomena. It will also require me to initially focus my efforts before exploring a breadth of other fields and applications that wi ll become an integral part of my research repertoire. My academic interests and career objectives span both theoretical and practice-based branches of learning. I have seen how many factors in epitaxial growth of groups III and V semiconductor materials may render a great theoretical design difficult to realize. The challenges in solving and computing for several equations and in reaching a trade-off in designs also need to prove viability. This is only obtainable through a deep understandingShow MoreRelatedPersonal Statement Of Application For Nannomaterials834 Words   |  4 Pagesmaterials science, basic electronics, advanced device electronics, quantum physics, and computational physics. 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The Rcmp Relationship With Aboriginal Peoples Essay

Question: Why does the RCMP relationship with Aboriginal peoples continue to decline? Are there any historical ties that have developed this relationship? Is it possible to have a mutual relationship where Aboriginal people and the RCMP can cooperate and work with one another? Thesis statement: to be developed after interviews. Possible Thesis: the continued decline is a result of police hegemony over a perceived â€Å"second-class† people. the continued decline is a result of a perceived police hegemony and assimilation through laws and hard police enforcement by First Nations. The continued decline is a result of the Canadian state’s political ambition for First Nation assimilation. (The police institutions are not at fault since they have a obligation to enforce and protect the Canadian state.) 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