Finance analysis Essay Example | Topics and Well Written Essays - 1000 words

Finance analysis - Essay Example In this study, it was required to compute the Net Present Value of a project for a given company and make a recommendation on whether the project is worthwhile or not. The NPV of a project is the difference between the present values of its cash inflows and its cash outlays. The NPV technique makes use of the discounted cash flow method and discounts the cash flows at the rate of the cost of capital (Smart & Megginson, 2008, p. 261). Additionally, this paper includes designing a capital budgeting model that can be used to evaluated similar projects. Research on Model Design The conventional use of financial models is to evaluate the financial feasibility of a proposed investment. Such models can be utilized to investigate the various investment alternatives that are available, in order to choose the most viable one. Generally financial models are designed to assess a particular capital budgeting project. Capital budgeting choices are supposed to be based on cash flows, instead of acc ounting profits. Additionally it is the incremental cash flows that are applicable. In general, a project is undertaken if the NPV of the incremental cash flows generated from it is found to be positive. However, there may be instances when a Company has multiple projects to choose from but due to budget constraint, the firm’s management might not be able to select all the projects that have a positive NPV. In such cases, the projects having higher values of NPV are opted over those which have inferior NPV values. When the projects are mutually exclusive, the one having the highest NPV is chosen and the others rejected (Gallagher & Andrew, 2007, p. 270). It is known that spreadsheets are suitable and very useful device that are utilized in the assessment of capital projects. The most common methods used in these models are the NPV and the IRR, though other methods like payback period and accounting return are also used. The review of literature revealed that the most popular and publicly available capital budgeting models were the one created for assessing investments in forestry. Some of these models comprise of the FARMTREE model, Agro Forestry Estate model, Australian Farm Forestry Financial Model and the Australian Cabinet Timbers Financial Model (Dayananda et al, 2002, pp. 237-240). These models are designed to evaluate forestry investments and owing to their large scale and exclusive requirement are complicated in nature. On the other hand, the model prepared for the appraisal of the MP3 player project has been built according to its customized requirements and hence best suited. This model is user friendly and even a layman would be comfortable using it for appraising similar projects. The model has been so created, that even if the input variables and the associated relationships are changed, the model would be able to accommodate the changes. Capital Budgeting Model and the explanation of the Outputs For the calculation of the NPV of the new MP 3 player production project that is being considered by the Company, it is crucial to determine the cash flows related to the project. The cash flows can be grouped as follows: Initial capital outflow Operating cash flow during the project’s life (in this case: 5 years) Cash flow during the terminal year of the project The initial capital outflow of the company included the training cost, the retirement package, the working capital requirement and the equipment cost, i.e. $158,701,000. The components of the operating cash flows in the next five years have

Informative Speech-Marriage customs Essay Example | Topics and Well Written Essays - 500 words

Informative Speech-Marriage customs - Essay Example Each of the culture has unique dress code, cuisine line, ceremonies in their respective weddings all poles apart from each other. For example: Asian brides usually wear red on their wedding day while, European wear long white gowns (Gokulsing and Dissanayake, 2009). Though there are many traditions in many cultures but by performing this ritual there’s only one goal and one intention which is to unite two souls, two hearts and two individuals into one (Smith, 2003). The topic of my speech is arrange marriage customs in India and the steps needed for it. India is rich and vast when it comes about their culture and their weddings are considered as the most colorful weddings of Asia (Smith, 2003). Arranged marriages are those marriages in which both the family of about to be bride and groom sit together and plan the wedding. Usually the partner of either the girl or the boy is chosen by the parents, communal elders or by matchmakers. In arrange marriages a lot of things are considered like religion, ethical values, class, education, background and a lot more things which at least should be of exact match or should be equal (Srinivasan, 1997). In India it is supported that a parent will never consider something bad for the child. Parents are one of those people who are present at every stage of your life as a guide. As marriage is an important decision of one’s life so how parents at such stage can make wrong decision or suggestion (Visweswaran, 2011). Arrange marriages also involve choices, it’s wrongly said that it does not. Usually nothing happens with the affirmative signal of the bride and the groom (Viharini, 2010). The first step thus is to select a life partner, which is usually done by the parents or elders (Stephen, 2010). Although not everyone demands dowry, still usually it’s quite difficult for the family of the bride to search an adequate life partner for her and to send her off with enough

Culture, Power, Religion Essay Example | Topics and Well Written Essays - 1500 words

Culture, Power, Religion - Essay Example From this paper it is clear that  one of the things that becomes immediately apparent when studying classical culture is that the origin story of each group seemed to be of great significance to them.   It is also of great significance to the people who study classical history, which is why they usually use the date of the Homeric compositions as the origins of classical culture.   This is especially true in the European conception of origins of culture: both the Greeks and the Romans placed enormous significance on their origin stories.   Likewise, both of these cultures had origins stories that featured the same event: the Trojan wars.   The Greeks considered themselves descendents of the people who waged war on Troy, as did the Romans (who argued that they were the children of Aeneas).  This discussion stresses that  the importance of foundational myths, was not simply bound to Europe, but also existed in many other cultures.   The Maya, for instance, had elaborate myths about the destruction and re-creation of the world, which occurred in cycles again and again, and informed an important part of their national character: great interest in the stars and in astrology and astronomy.   Central myths about the origins of a people were central to the thinking and national character of all classical peoples, something that dissolved somewhat in the eras that followed it, as things like religious affiliation became more important to defining the people or a people.... Likewise, both of these cultures had origins stories that featured the same event: the Trojan wars. The Greeks considered themselves descendents of the people who waged war on Troy, as did the Romans (who argued that they were the children of Aeneas). The Romans even composed their own work to complement the Odyssey and the Iliad, the Aeneid, which completed their origin myth as corresponding to that of the Greeks (182). The Greeks and the Romans shared creation myths, and both put a great deal of stock of their national identity into those creation myths. This feature, the importance of foundational myths, was not simply bound to Europe, but also existed in many other cultures. The Maya, for instance, had elaborate myths about the destruction and re-creation of the world, which occurred in cycles again and again, and informed an important part of their national character: great interest in the stars and in astrology and astronomy (293). Central myths about the origins of a people we re central to the thinking and national character of all classical peoples, something that dissolved somewhat in the eras that followed it, as things like religious affiliation became more important to defining the people or a people. Art and architecture likewise appeared very similar across a broad range of classical cultures. As with the case of foundational myths, this is most obvious in the Greeks and the Romans, because the two cultures were so closely linked. The Romans knowingly copied many aspects of Greek culture, and were especially eager to emulate their art and architecture. This artistic emulation took on several forms: for one, the sculpture of the Romans followed the

Assignment in law (Legal Issues Relevant to the Quality of the Website Essay

Assignment in law (Legal Issues Relevant to the Quality of the Website and Indecent Images of Children, Invention Law, Expert Witness) - Essay Example Synergy Ltd, the company in which I am a systems manager does not want to be left out of the internet technology and its benefits. Therefore, the company has sought to develop a website in order to attract clients in the wake of the economic downturn. The website will provide relevant contact information, technical information, and a discussion group allowing registered users to discuss problems, and allow them to estimate the charge for recovering information. The company has sought the services of a developer to develop its website. There are legal issues that are relevant to the quality of website delivered by the developer and to protecting the company from problems. These issues include the following: private and security issue and legal liability issue. According to Baumer, Lyengar, & Moffie, (2003, p. 23), the issue of privacy and security is one of the main issues that surround creation of websites. Websites are crucial for storing and selling of information that benefits both the businesses and the consumers. However, there is a concern among businesses and consumers regarding their personal safety and privacy of their personal and other sensitive information. This concern is compounded by the ease with which information may be cross processed and collected from websites. In the United Kingdom, the issue of website security and privacy is covered under the Data Protection Act 1998 and Privacy and Electronic Communications Regulations 2003 (Defago and Bockanic, 2006, p. 205). These Acts requires that cookies should be signposted on the websites. In addition, they require that visitors of the websites should be allowed to refuse or accept their personal details to be collected and used in the websites. Also, the Acts requires that personal information that is collected concerning individual visitors should be used or processed in accordance to the principles and provisions set out in the Privacy Regulations and the Data Protection Acts. More importantly, these Acts seek to protect businesses in an event that commercial relationships become ruined, as was demonstrated in the case of Ashton Investments v OSJC (2006). In this case, OSJC (a Russian company) employed spyware to the computer system of its former business partner, Ashton Investments, to hack illegally private information relating to the litigation between them. In the light of these two Acts and the need to protect the business in an event of ruined relationship between the company and its business partners, the developer of the website should ensure that the website has a high level of privacy and security. In regard to the issue of legal liability, it is important to point out that the utilization of Wide Web has prompted businesses to venture in unexplored business frontiers. As such, they are more likely to be exposed to legal risks. This issue has been exacerbating by the fact that most laws relating to cyberspace in both criminal and civil dimensions are still in comparative legal infancy. The legal liability issues relating to websites are copyrights, infringement of copyrights, website development contracts, appropriation of names, and defamation (Baumer, Lyengar, & Moffie, 2003, p. 24). In addition to under the Data Protection Act 1998 and Privacy and Electronic Communications Regulations 2003, Digital Economy Act 2010 makes legal provisions for website and internet. The Act has provisions that seek

Accounting Research Paper Example | Topics and Well Written Essays - 750 words - 1

Accounting - Research Paper Example Computer systems have translated all the hand-written statements into systems that can present financial reports from individual transactions. Popular accounting systems are now also available in tailor made form for various companies and industries. This permits organizations to build individual reports easily and quickly manage decision-making. Another change effected by IT on accounting has been the improvement of functionality in accounting departments via increasing accounting information timeliness (Gelinas et al 58). Through improvement of financial information timeliness, accountants are able to prepare for operation and report analysis that can give the management an accurate vision of the current operations. It has also improved the number of financial statements, for example, market share reports, departmental profit and loss, and cash flow statements. Finally, it has allowed accountants to process large financial information data and faster processing of this data (Gelinas et al 58). This has lessened the amount of time required to close each accounting period. Shortening the time helps the organizations in cost control, which, in turn, increases the overall efficiency of the company. Cloud computing and mobile devices are going to be the most important components of Information Technology in the coming decade (Office of Technology Assessment 270). Mobile devices such as ultra-books, tablets, and cell phones, as well as cloud computing, will aid in the further integration of technology into all aspects of accounting on a regular basis. This is referred to as pervasive computing (Office of Technology Assessment 270). With this pervasive computing, accountants will utilize mobile devices in order to access applications that are cloud based, data and communications. The connectivity will aid accountants to work more efficiently and exchange information more

Implementation of Knowledge Mining with Ontology Research Paper

Implementation of Knowledge Mining with Ontology - Research Paper Example 22). Knowledge mining is the process of merging databases together, machine knowledge, statistics and any other linked area so as to obtain important facts and information in bulky quantity of data. Organizations are required to know their data models and pattern (NEMIS. Conference, p. 1). Multi agent mining is the process in which knowledge is mined in a larger quantity using a variety of agents. Cloud computing applications In cloud computing the remote computer does not have to do more and heavy processes any more when running processes. Servers on the cloud network run this processes instead. This help in reduction of user’s need for hardware and software. The following are more reasons to why most companies and organizations should consider cloud computing; cloud computing gives an alternative of storing data in another computers hardware. Computer users are able to gain access their data and applications wherever at anytime. Cloud computing reduces IT support expenses wh ereby incase of a technical issue it’s solved online. It also reduces cost on hardware such as hard drive. One does not have to buy a hard drive with large memory (Strickland, p. 3). We have a number of cloud computing services provided by Google. The applications are as follows: Google Talk is a communication application that allows personal computer user to chat, send and receive documents and mails. Gmail is a calendar and an email application that allows each user store files and documents up to 7GB. The other Gmail services are ability to chat, receive mails and enjoy mutual calendar options. Website applications provides Google site services to design websites that include built in videos, calendars and pictures. Google Docs are applications that offer document designing and sharing online. Other applications include groups that allow one to arrange folders and favorites which assist in retrieving the unread mails (Regina, Budnikas and Ambraziene, p. 263). A Matlab tool accelerates and eases applications when using GPU computing compared to when using FORTRAN or C. The user is able to employ parallel computing toolbox when using GPUs in conjunction with Matlab tools. Parallel computing supports Nvidia Cuda GPUs, many GPUs and GPU operate straight from Matlab. Parallel computing toolbox allows the user compute and work out bulky data difficulties using computer clusters, multi processors and GPUs (MathWorks, p. 1-7). Other cloud computing tools include; VOIP, Phone systems, Blog, Wiki and social media tools. VOIP allows users make calls on the internet, for example Skype. Skype allows multiple or group calls at once. The phone system allows one to have a Google voice account that contributes to a cloud based voice mail and responding system. (Jamsa and Jamsa, p. 86- 92). Ontology applications Ontology is used to design and manage the knowledge applications. These applications are associated with the phase of software lifecycles and are concerned wi th specific components of software such as the controller module, data base and user interface. In order for the application to work more efficiently in ontology deployment and processing, additional tools are used. The ontology editor is one of the applications in the web and is used to manipulate ontology as it helps in the process of ontology translation to implemented language. They are in the HTML form and enable the

Impacts of Terrorism on Global Events Literature review

Impacts of Terrorism on Global Events - Literature review Example Management issues involved The increasing terror threats demand the stakeholders enforce pragmatic management measures of dealing with the vice. These include enforcing preventive strategies and mechanism for mitigating the ultimate outcomes of terrorism. This project focuses on the impacts of terrorism on global events. It informs the stakeholders of the extensive effects terrorism has had on the sector in the past. To address these effects, I have used the second method of collecting data of past terror attacks targeting global events. I have examined the effects of terror attacks in 1972 Olympic Games in Munich, the attacks at International cricket tournaments in Pakistan in addition to the impacts of September 11 attacks on the attendance of the FIFA World Cup. From the data collected, analyzed relevant themes pertinent to the study. (3c) Statement of the research question The impacts of terrorism on global events (3d) Aims and objective The aim of the study is to examine the eff ects of terrorism on global events. Objectives i. To examine the effects of terrorism on the motivation of tourists attending global events ii. To examine the effects of terrorism on attendance at global events. They were not only carried out in the territory of a global superpower but also by foreigners, who had previously gained entry into a sovereign state. The attack demonstrated the vulnerability of all countries to terrorism and the need to enforce preventive measures became apparent (Baxter and Downing, 2001). Since the attacks, immigration and movement of people across international borders are highly controlled and consequently, the organization of major global events such as sports and musical events was affected. (4a)The significance of hosting global events Events such as sports and music are increasingly becoming an important segment of tourism market (Yuan and McDonald, 1990). According to Bramwell (1998), countries across the world strive to organize global events in order to increase visitations in their countries, mitigate the seasonality of tourist visits and enhance the attractiveness of the destinations to tourism. In addition, organizing global event spurs development in the destination. The achievement of these goals depends on various factors but the numbers of people attending the events play a critical role (Sageman, 2004). Some of the major sports events that attract a high number of people globally include FIFA world cup, Olympic Games, UEFA champions league games, formula 1 racing among others. In addition, music and concerts featuring popular artists such as Live 8 attract numerous audiences across the globe. (4b) History of terror attacks on global events Due to the large number of people that global events attract, terrorists are increasingly targeting them (Toohey, et al 2003).