Capital Budgeting free essay sample

The corporate tax rate is 20%. a. b. c. 2. What is the firm’s cost of equity capital? What is the firm’s weighted average cost of capital? Which machine should Marsh purchase? Advanced Technology is considering investing $38m to develop a gold mining site. The average equity beta of similar firms in the industry is 0. 88. The market risk premium is 7% and the nominal risk free rate is 4%. Inflation is expected to be 2%. a. b. Suppose there is a 20% chance of a low output of $2m and an 80% chance of a high output of $6m in the first year. If the output is low in the first year, there is a 70% chance that output will stay at $2m and a 30% chance that output will stay at $4m per year for the rest of the project’s life. However if the output is high in the first year, there is a 80% chance that it will stay at $6m and a 20% chance that it will stay at $3m per year for the rest of the project’s life of 10 years. We will write a custom essay sample on Capital Budgeting or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page These are real cash flows. Should the company go ahead with the project? c. 3. The site is expected to yield $6m in gold a year for 10 years. These are real cash flows. Suppose there is a 20% chance of no gold from the site and an empty site means zero cash flow and a complete loss of the $38m investment. What is the NPV of the project? Would your conclusion in (b) be different if the company can abandon the mine for $36m in the event of low yield in the first year? Compute the value of the option to abandon. â€Å"Aviation Biofuel† is considering setting up shop in Singapore. Their plan can be divided into 2 stages. Stage 1: The project requires a test marketing expense of $20m. This test market is expected to last 1 year and there is a 60% chance of success. FIN3101 Page1 Stage 2: If the test market is a success, the firm intends to invest $100m in a plant. The after-tax cash flows will be $66m per year from year 2 to year 5. If the test market is a failure and the firm goes ahead with the investment, the NPV will be -$20m. Assume a cost of capital of 17%. a. Draw the decision tree for this project. b. Estimate the NPV of Aviation Biofuel’s plan. 4. You are asked to evaluate the following wooden cabinet manufacturing project for a corporation. Develop a table showing the annual cash flows and calculate the NPV of this project at an 8% discount rate. All figures are given in nominal terms. 20X6 Physical Production (cabinets) Labor Input (hours) Wood (physical units) 20X7 20X8 3,150 3,750 3,800 26,000 30,000 31,000 550 630 650 The required investment on 12/31/20X5 is $800,000. The firm faces a 34% income tax rate, and uses straight-line depreciation. The salvage value of the investment which will be received on 12/31/X8 will be one fifth of the initial investment. The price of cabinets on 12/31/X5 will be $250 each and will remain constant in the foreseeable future. Labor costs will be $15 per hour on 12/31/X5 and will increase at 5% per year. The cost for the wood will be $200 per physical unit on 12/31/X5 and will increase at 2% per year. Revenue is received and costs are paid at years end (i. e. use year-end prices in calculating revenues and costs so, for example, use the 12/31/X6 prices for calculating 20X6 revenues and costs). The firm has profitable ongoing operations so that any losses for tax purposes from the project can be offset against these. . Consider a project to supply Honda with 38,000 tons of machine screws annually for automobile production. You will need an initial $1,596,000 investment in threading equipment to get the project started; the project will last for 6 years. The accounting department estimates that annual fixed costs will be $456,000 and that variable costs should be $220 per ton; accounting will depreciate th e initial fixed asset investment straight-line to zero over the 6-year project life. It also estimates a salvage value of $506,000 after dismantling costs. The marketing department estimates that the automakers will let the contract at a selling price of $262 per ton. The engineering department estimates you will need an initial net working capital investment of $547,000. You require a 13 percent return and face a marginal tax rate of 35 percent on this project. FIN3101 Page2 a. What is the estimated OCF and NPV for this project? b. Suppose you believe that the accounting departments initial cost and alvage value projections are accurate only to within  ±14 percent; the marketing departments price estimate is accurate only to within  ±9 percent; and the engineering departments net working capital estimate is accurate only to within  ±4 percent. What is your worst-case and best-case scenario for this project? c. Suppose that you are confident about your own projections, but you are not sure about the Honda’s actual machine screw requirements. What is the sensitivity of the project OCF to changes in the quantity supplied? What about the sensitivity of NPV to changes in quantity supplied? Given the sensitivity you calculated, is there some minimum level of the output below which you would not want to operate? Why? 6. The Cornchopper Company is considering the purchase of a new harvester. The break-even purchase price is the price at which the project’s NPV is zero. The new harvester is not expected to affect revenues, but pretax operating expenses will be reduced by $13,300 per year for 10 years. The old harvester is now 5 years old, with 10 years of its scheduled life remaining. It was originally purchased for $48,300 and has been depreciated by the straight-line method. The old harvester can be sold for $16,800 today. The new harvester will be depreciated by the straight-line method over its 10-year life. The corporate tax rate is 32 percent. The firm’s required rate of return is 13 percent. The initial investment, the proceeds from selling the old harvester, and any resulting tax effects occur immediately. All other cash flows occur at year-end. The market value of each harvester at the end of its economic life is zero. Determine the break-even purchase price in terms of present value of the harvester. FIN3101 Page3

Astrobiology essays

Astrobiology essays During the presentation the speaker, Baruch Blumberg spoke on the aspects of Astrobiology. If one doesnt know who Blumberg is he is a scientist that research infectious diseases and came up with a treatment for the Hepatitis B virus. As he spoke on this subject he also talked about what happened to the NASA aircraft that exploded above the earths atmosphere. He said that the aircraft STS 107 was on a scientific mission. Also, there were craters shown and that they have compared the craters to that of the planet Mars. Blumberg also gave me a different aspect to look at towards biology. My main goal through life was to get my Bachelor degree, PH.D and my M.D. But he made me look at I can do more than just be a doctor. The speech that was given made me look at the many parts of biology. It made me think that I can go to school to be a doctor and at the same time I can do research that might one day change the life of many people. In conclusion, this research of astrobiology can discover things that people might can use. One day astrobiology might have new technologies that can detect what pollution has done to the atmosphere and what effect that it is having on the people and other living things on the earth. Astrobiology is a field that now I would like to know more about and the different things that go on in this field of study. On day there will be people that love to do research about this subject. ...

Look Back in Anger by John Osborne - The Incumbent Historical Debate Essay

Look Back in Anger by John Osborne - The Incumbent Historical Debate about Affluence and Social Mobility in Britain - Essay Example 11). This period foresaw a gargantuan change in the bargaining power hitherto accorded to the British working class. The high demands engendered by the war efforts allowed the working class to strive for a considerable change in their earning potential. Though the much vaunted mixing of the social classes was more a cherished ideal than an idea actually put into practice, it certainly gave way to much deeper concerns in the British class structure (Rebellato 1999, p. 11). On the one side where the working class resisted a possible reversion to the sidelined status of the interwar years, the upper middle class feared the newfound social mobility of the working class. It was a known fact that the British society of the late 50s was still deeply class conscious. Hence, no wonder the marital discord between Jimmy and Alison to a great extent originate from their diverse social-class origins. Jimmy is a young adherent of a newly upwardly mobile and educated working class. Though Jimmy has the benefit of a university education and he attained adulthood in the post war years, still he finds himself to be a missing link between the two social classes. In that context he really finds it really excruciating and enervating to trace the age old enemy that is decaying and dying Imperialism in the guise of his wife Alison and her upper middle-class, military background. Yet, there is no denying the fact that the thing that bothers Jimmy even more is his loss of connection with the working class to which he mentally affiliates with. Hence, no wonder, Jimmy ends up becoming the victim of a partly self imposed and partly unavoidable social alienation, which was common to many young people from the working class in the late 1950s and early 1960s (Kellaway 1999, p. 39). Consequently, Jimmy finds himself in the times and the space where the past and the present tend to cusp into an intricate amalgam of confused class affiliations and aspirations as is amply conveyed when he affirm s, â€Å"I suppose people of our generation aren’t able to die for good causes any longer. We had all that done for us, in the thirties and the forties, when we were still kids. ...There aren’t any good brave causes left (Osborne 1982, p. 84).† However, it goes without saying that this chaos caused by the mixing of classes and the commensurate social mobility was not merely a localized event, but rather a phenomenon that unfolded in the background of much large changes (Kellaway 1999, p. 39). Amidst this unavoidable social mobility, many of the characters in the play are ironically caught up in the past (Kellaway 1999, p. 39). Jimmy vividly remembers his working class childhood and the suffering associated with the slow death of his father. On the other side Colonel Redfern obsessively remembers his days as an agent of colonialism in India, the days that had fast drifted apart. All the segments of the society in a way mourned or resented the passing of an era th at was never to come again. This predicament is aptly grasped by Alison as she says, â€Å"You’re hurt because everything is changed. Jimmy is hurt because ever

Social Media Marketing Article Example | Topics and Well Written Essays - 1250 words

Social Media Marketing - Article Example This paper highlights that  planning and strategy development can be considered as important aspects of successful social media presence. There are several small and medium enterprises that do not even plan before adopting and implementing social media marketing strategies. For this specific reason, those organisations failed to get success through the adopted and implemented social media marketing strategy. Example of Dove Real Beauty Campaign can be considered as a perfect planning of social media marketing strategy. The organisation used common people in the videos and texts while putting the advertisements on social media networking platforms. They tried to convey emotional marketing and promotional message.Accordings to the paper findings the planning of consideration of common women in promotional campaign can be considered as the example of ultimate planning of an effective social media marketing strategy. This specific social media campaign helped the organisation to create significant brand awareness among the target customers. In addition to this, effective implementation of planning and strategy development process helped this campaign to redefine the face and concept of real beauty.  The organisation is the first ever organisation that adopted and implemented social media marketing strategy in UK retail industry. Slowly and gradually, the organisation promoted its products through several leading social media networking platforms that helped the organisation to create significant brand awareness among the target customers.

Current UK Government Initiatives That Focus On Personal And Emotional Essay

Current UK Government Initiatives That Focus On Personal And Emotional Development - Essay Example Donaldson argues powerfully that young children, in order to be able to build on what they already know and can do, need to be in situations which make 'human sense' to them. The current situation in England is one in which the growth of the ECEC sector, in terms of numbers of places, is positively encouraged by the government, especially by the Treasury. This appears to emphasise the care aspect. However, at the same time there are other government-initiated developments concerning the need for improvements in the quality of provision, such as a new training pack for those who work with children aged from birth to three (Abbott et al. 2002) and the Secretary of State Charles Clarke's pledge for more resources. Since 2000, UK governments have invested heavily in leadership development in the NHS to secure policy change and modernise the service. A plethora of leadership programmes and initiatives have been supported with variable success. During recent years in the UK, there have been numerous government initiatives relating to the care and education of young children. Some of these, such as Sure Start, have been very successful, whereas others have proved to be more complicated to implement and fund. The idea that children have rights is a fair... However, Saraga (1998) states that '"rights" like "needs" is a highly contested concept particularly when applied to children'. Saraga goes on to say that children depend on the adults who care for them to assert their rights for them and that rights are limited by the child's vulnerability and dependency. Children's learning and development Child development falls into the two main categories of physical and neurological. Physical skills involve both gross motor skills such as rolling over, crawling and walking, and fine motor skills such as hand-eye coordination, grasping objects, drawing and later writing. Sensory development is also physical and includes sight, sound, touch, smell and taste. Intellectual and cognitive development centre on activity in the brain including use of language, smiling and giggling, imagination and working out. Our children's emotional wellbeing also develops in the brain and comprises many areas such as self awareness, self esteem and the ability to interact with others. Playing in some form or another helps to refine these different areas of development in babies and young children. (http://www.literacytrust.org.uk/talktoyourbaby/play.html) Children need activities which will stimulate their social, physical, intellectual, linguistic, emotional and moral development. The early years curriculum should be linked with a child's stage of development, which can be ascertained by careful observation of the child and discussions with the parents and family. The child's progress should be monitored, recorded and shared with the parents. Equality of opportunity The individuality of each child

Fashion from the sixteenth to nineteenth century

Fashion from the sixteenth to nineteenth century Fashion, which was a norm only used to describe upper class people between 13th Century and 16th Century, was dominated by court and aristocracy. At the beginning of 17th Century, which is also known as the end of European Renaissance, clothing represented the social standing of the wearer. The dressing code could be used to distinguish classes. It is believed that during the Renaissance, fashion was experiencing a lot of transformation in terms of colour, clothes and accessories (Jones 2000). Some people argued that Renaissance is the turning point of fashion since it reflected changes in self-esteem, erotic appeal or social advancement (Rublack 2011). In the meantime, lower class started to acquire status by adopting the clothing styles of the upper class, fashion became widely interested. Therefore, it is important to understand the fashion development since 17th Century. This paper first discusses the fashion plate, which is considered to be the first fashion magazine and early f orm of fashion. Secondly, it discusses the development of printing technology and its effects on fashion dissemination. Then it illustrates modern fashion disseminations including Internet, television and other social media and their influences. Fashion plate is defined as illustrations of clothing fashion or style, originated as early as 16th Century (Nevinson 1967). The original fashion plate was in a form of either drawing or engraving of clothes, accessories and shoes on metal plates (Holland 1955). Initially, it was used in portraiture of nobility and aristocracy (Nevinson 1967). Loyal families drew portraits and clothes on the fashion plates and sent them away to other loyal families as display of marriageable members (Nevinson 1967). With the development of fashion plate and fashion, at the beginning of 17th Century, fashion plate becomes the most effective way to promote fashion workshops in Europe (Steele 2005). People distributed fashion plate to convey fashionable information around Europe. Shop owners sent fashion plates by messengers to potential clients while friends and relatives sent each other fashion plate for comparisons and communications. Fashion plate is also regarded as the earliest form of fashion mag azine since the popularity of fashion plates led some publishers to use fashion plates as their publications materials to demonstrate trends and clothes instead of using plain text (Holland, 1955). However, fashion plate did not occur at a systematic level until 18th Century when weekly publications such as the Lady’s Magazine, La Belle Assemblee, and Les Modes Parisiennes became widespread and publications became massive. At the beginning, fashion plates only depicted fashion information and predicted fashion to those who could afford. With the development of economy and technology, fashion plates soon became popular even within lower class people. Although fashion plates were pricy, people showed strong interest in them. It was the mainstream medium of fashion dissemination until the early 20th Century when printing became dominant. Fashion plate remained on fashion stage for another significant period of time until late 20th Century when other social media such as television and Internet became popular. Today it is regarded as fine art collection and most of them have the value of research study. Another development of fashion dissemination is the invention of printing. Fashion information was delivered by printed paper ever since the invention of printing press. However, formal publication started only in 17th Century when the French publication Mercure de France was published. Mercure de France was a significant development since it was considered the first gazette and literary magazine (DeJean 2005). It played an important role in the dissemination of fashion news, fashion stories, and reviews of the latest fashion. But due to relatively slow improvement in fashion itself, weekly publication seems to be too fast and unnecessary. Fashion plates, which could be preserved over a significant time and transported multiple times, were easier to accepted by the social perception (Nevinson 1967). The real improvement in print production started in the nineteenth century when steam power press became available. The magazine Godey’s Lady’s Book quickly became a large circulation in the country (Nevinson 1967). Massive fashion production by printing press flourished the second time after the transition to rolled paper, which significantly improve the paper feeding speed and printing speed. The invention of lithography, which is regarded as another important improvement, enabled artists and designers to print their drawings and illustration any smooth surface. Since lithograph can print on all surfaces, fashion plates started to die off from the market simply because it was too pricy for most of the people. For textile and clothing fashion, under the impulse of evolution in printing technology, the printing became an industrial process which significantly decreased the price of textile and clothes. In contemporary fashion, variety of prints could be identified. It b ecame the trademark of a diversity of designers such as handbags and clothes. The printing technology started with simple printing press, has experience uncountable developments, today, it is still the mainstream platform of fashion dissemination. But the biggest step forward happened when half tone printing technology was invented. The invention of half tone printing allowed people printed photographs together with text without affecting their quality. This new technology gave birth of the modern fashion magazine. In the 1820s, the first photography was developed (Hirsch 2000). Fashion photography appeared first time in a French magazine. In 1909, Vogue magazine was took over by Condà © Nast, which contributed significantly to the era of fashion photography (Angeletti 2012). In 1911, photographer Edward Steichen promote fashion as fine art by the collection of photography (Niven 1997). Paris was the centre of the fashion photography at that time. Fashion photograph has generated some of the most influential materials. Although fashion was developing slowly during World War I and World War II, there continuous to be growing numbers of women increased in fashion information. Magazines and newspapers, which contained a lot of p hotographs, began to cater to the lower classes in cheaper, specialise and accessible manners. By the 1960s, fashion magazines became more specialised while photography became the ideal medium for recording and disseminating the fashion information. Changes in the fashion dissemination in the 20th century were facilitated by new methods and approaches, mainly because of the evolution in technologies. More people were seeking more convenient ways to follow the trend. These new mediums such as Internet and TV created new access to fashion information and changed the ways people create fashions. Film, as another mainstream presentation of fashion, became popular during the Great Depression (Barthes 2010). However, due to the limitation of technology, film did not improve a lot until late 20th Century. The fashion elements in film include clothes, make-ups, accessories, bags, and even cars. While films are representing themes in virtual world, most of the elements can be used to predict fashions once a particular film becomes popular (McNeil 2009). In the late 20th century movie stars began to establish their role as the fashion elite by stapling fashion design labels in their daily life. For instance, Audrey Hepburn fashion icons include fitted pants, oversized sunglasses and little black dress affected women wear still today. Another example is the car collections in James Bond’s movie series had lead car collection fashion over decades. Victoria Beckham, who had transformed herself from singer to fashion designer and businesswoman, is leading the women fashion in di fferent fields. Another important fashion dissemination tool, television, began to compete with film as a medium of fashion from the mid-20th Century (McNeil 2009). The advent of the video clips had introduced another approach for fashion. Since film is much longer than video clip or music video clip, it is hard for people to find a particular piece of information throughout the whole film, and it is obviously impossible to repeat the film over and over again, TV has its own advantages than film. Commercials and advertisement can be broadcasted on TV repeatedly with a reasonable cost. With the invention of cable and digital networks, today traditional media have been assigned with different meanings. The improvement of Internet provided increasing amounts of information to people. Internet TV could reach all levels of society and more fashion information than conventional way. A variety of formats including news, magazines and other forms of fashion dissemination are transforming into digital way. The social networking has enabled a faster fashion diffuseness. Celebrities, fashion designers and other fashion related parties started using social media as their primary dissemination tool. With the impacts of new technology, fashion is experiencing faster evolution than ever. In conclusion, the development of fashion between 17th Century and 19th Century was slow due to the limitation of technology. Fashion plate was the mainstream dissemination tool from 17th to 19th century. With the industry revolution, fashion dissemination had extended magazines and newspaper. The development of technology had empowered fashion dissemination a cheaper and convenient approach. However, it was until the invention of film and photography could fashion become widely spread. Throughout the 20th century, the social media’s role in the fashion dissemination process has become more and more important. The concept and understanding of fashion became integrated with digital technology. Reference Angeletti, N. O. A. W. A. 2012, In Vogue : the illustrated history of the worlds most famous fashion magazine, Rizzoli : Distributed in the U.S. trade by Random House, New York. Barthes, R. 2010, The fashion system, Vintage Classic, London. DeJean, J. E. 2005, The essence of style : how the French invented high fashion, fine food, chic cafà ©s, style, sophistication, and glamour, Free Press, New York. Hirsch, R. 2000, Seizing the light : a history of photography, McGraw-Hill, Boston. Holland, V. B. 1955, Hand coloured fashion plates, 1770 to 1899, Batsford, London. Jones, A. R. S. P. 2000, Renaissance clothing and the materials of memory, Cambridge University Press, Cambridge [England]; New York. McNeil, P. K. V. C. C. 2009, Fashion in fiction : text and clothing in literature, film, and television, Berg, Oxford, UK; New York. Nevinson, J. L. 1967, Origin and early history of the fashion plate, Smithsonian Press, Washington, D.C. Niven, P. 1997, Steichen : a biography, Clarkson Potter, New York. Rublack, U. 2011, Renaissance fashion: The birth of power dressing, History Today, vol. 61, no.1. Steele, V. 2005, Encyclopedia of clothing and fashion, Charles Scribners Sons, Farmington Hills, MI.

Computers in Surgery :: Informative

Computers in Surgery Implementing Computers into surgery is a new and exciting area of study. It has only been in the past 20 years that computers have started to be incorporated with surgery. In 1989, abstracts of the surgical literature were being distributed on 5.25-inch floppy disks. These abstracts were then used in medical operations and evaluations. Doctors could travel though menus in the abstracts and eventually targeting a solution, procedure, or cause of illnesses. This made the time it takes to flip through pages and pages of medical journals and textbooks less expansive and cumbersome. Doctors have now gotten to the point where laptops are brought into surgery and are used to aid doctors and nurses. Instead of saying â€Å"Nurse, scalpel,† surgeons ask their nurses to find information on the laptops. Besides holding information, Computers can also be used to manipulate tools and other things in the operating room. Mechanical arms are often used to perform procedures. Sometimes a computer is used to navigate cameras inside of the human body in order to locate tumors and blockages. Computers are also used to analyze images taken before surgery. Dr. Ninian Peckitt uses software to analyze a CAT scan images in order to understand his patient’s skull. The program in the computer actually directions for making full size replicas of patients heads. In conclusion, there is a huge advancement being made as far as computer aided surgeries go. From holding information, analyzing problems, delivering solutions, to performing operations, computers are the next step in medical tools.

Criminal Punishment Essay

Given the different speeds at which people may develop both physically and intellectually, any form of explicit age limit may be arbitrary and irrational. Children do not deserve to be exposed to criminal punishment in the same way as adults. Children have not had experience of life, nor do they have the same mental and intellectual capacities as adults. Persons aged 15 to 19 years are more likely to be processed by police for the commission of a crime than are members of any other population group. In reference to the case with the 6 yr. old shooting his classmate, I believe he should have some sort of punishment. The young boy had a scuffle the day before and went home and because of his environment and upbringing he knew that a gun was dangerous and can cause harm to another person. The young boy at some point had to think about his actions and decided to take the weapon to school and later, shooting the young classmate which means the young 6 yr. old practiced on pulling the trig ger. Sure, you have an innocence factor here and each state sets the age limit on what age to charge a child with a criminal act. Age and criminal responsibility is a really touchy topic for many any children under the age of 7 and in the United States the criminal justice system can charge a youth with a criminal crime at the age of 6 years of age. I know of two cases where six year old boys were convicted on criminal charges in the state of California. I believe that the 6 yr. old in the course readings should’ve been court ordered to undergo professional counseling or treatment. If a punishment was not something the state wanted to issue, I definitely would argue that the youth was exposed to a household where guns and drugs were prevalent and the youth himself in my opinion may have suffered from some sort of PTSD. The classmate that was shot has a family and that family needs justice. Justice would not be served if the six year old walks away free. Charging the 19 yr. old in the house with guns and drugs does not solve the crime that took place at the school. There is an age limit for holing a child accountable for criminal responsibility and in this case, the youth should’ve been charged. The youth should’ve undergone a session to determine if he was mentally aware and then the state should’ve charged the young boy.

Christian Vocation Essays

Christian Vocation Essays Christian Vocation Paper Christian Vocation Paper Essay Topic: Religion (a)(i) Describe how a Christian may follow the call to discipleship through daily life and work Vocation is the idea that people get a call from god to do a certain job this can also be said about being called into Christianity by god, it may not be an actual call or a big flash of light but just s feeling that you have created by god. ‘Vocation’ comes from the Latin word meaning ‘to be called’. Some Christians may say that they were called to Christianity and so were all Christians. For example Jesus was called by god, he heard his voice when he was baptised by John. Discipleship is another term used my Christians used to mean following Jesus like his disciples did, living a Christian lifestyle and helping others also apply to discipleship. Christians follow Jesus by following his examples like his love, service and compassion towards others. Someone who has chosen to follow Jesus should be living a caring helpful life, possibly in a caring profession such as a doctor, nurse or teacher. Any job can be a vocation, some Christians say god has a plan for everyone and he may call you to a job that isn’t related to Christianity at all. St. Paul said in Colossians 3:23 â€Å"whatever you do, work at it with all your heart, as working for the lord, not for men.† Possibly meaning that god has called everyone to their jobs because he knows its right for them so work for him and do the job well. A Christian may choose his or her job just simply because they want to do the job although this want or urge to do a job could be put down to god. I don’t think there are any jobs unsuitable for Christians, Jesus loved everyone anyway even if they were a sinner he did not commend what they did but he still loved them. I do not think your religion should constrain your job opportunities. A Christian may serve god in an ordinary job by obeying the 10 commandments in their job and generally being caring and helpful. Christians can put Christian teachings into their family lives by following Paul’s teachings and the 10 commandments. Paul’s teachings say, â€Å"A wife, must put her husband first. This is her duty as a follower of the lord. A husband must love his wife and not abuse her. Children must always obey their parents. This pleases the lord. Parents, don’t be hard on your children. If you are, they might give up. (a)(ii) Explain why some Christians join communities and take vows or poverty, chastity and obedience. Christian communities are a group of Christians who live together. A convent is where a group of female Christians would live also known as nuns and male Christians or monks would live in a monastery. A contemplative order is focusing your life on god, in prayer and everyday life. An example of a contemplative community is the poor clares. The normal day in the poor clares community may consist of many things, gardening, housework, cooking, cleaning, helping the elderly and sick, praying or working in the shop; making candles, encaustic wax cards, as well as cards created and printed on a computer, turning wood and knitting garment on their knitting machine. The nuns do this type of work involving their hands because it leaves their minds free to focus on god and pray. Jesus says in Matthew 6:24 how â€Å"no one can serve two masters†, â€Å"you cannot serve both god any money† so the nuns in the poor clare community decide to â€Å"serve god† and his people and help them rather than work for money. An active order is doing something about what you believe in, for example if you want to be one of Jesus’ disciples you would follow in his footsteps and his examples and help people maybe by helping out at a hospital or a school. People or monasteries and convents today are living like the first Christians as recorded in the book of acts because the first Christians lived out alone in the desert, Christians live in s slightly similar way today. They have no possessions, they cannot have sex and they dedicate their time to thinking if they are contemplative, as you would alone in a desert, or doing things to help others. Living in a Christian community would help a Christian to follow their call to discipleship because of the vows they take when they join, they have to do things in a similar way to Jesus therefore helping to follow their call to discipleship. Some Christians may say joining a Christian community is a vocation because whatever they do as a job or joining a community is a vocation. God has a plan for them and they follow it via vocation. Some Christians believe that god want them to live in a religious community rather than an ordinary one because its better for them and other who they would be helping. A vow is an oath or promise you make. Nuns and monks take vows when they join a religious community; they take a vow of poverty so they are not tied down by possessions and money and can focus on god. Christ was poor to make us rich so they follow in his footsteps and enforce discipleship. They also take a vow of chastity, which means they must remain celibate so they can devote themselves to god as Jesus did. Also a relationship with someone from the opposite sex will get in the way of god and praying; St. Paul advises Christians to be celibate so they can â€Å"be devoted to the lord†. Obedience is the third vow they take, by this vow they give to God their freewill. They must be obedient to their abbot or abbess. Again showing their discipleship, because Jesus was obedient until the point of death on the cross for god. It is important for Christians to make these vows in front of a community because then there is witnesses so you cant get out of the commitment and also if you are doubtful they can remind you about them. (a)(iii) Explain the purpose and practice of one particular religious community. The poor Clares are a religious community for women who want to dedicate their lives to god. They originated in 1212 by St Francis and St Clare in Assisi in Italy. The poor clares are a contemplative community. The contemplative community of nuns started as a way of being united with god and to follow Jesus. The aims of the poor Clare community are mostly â€Å"to pray for the world and the Church†, to live a life through their prayers, dedicated to god and â€Å"to live out the Gospel command of love† which means to live their lives as god wanted helping others and loving them. The normal day in the poor clares community may consist of many things, gardening, housework, cooking, cleaning, helping the elderly and sick, praying or working in the shop; making candles, encaustic wax cards, as well as cards created and printed on a computer, turning wood and knitting garment on their knitting machine. The nuns do this type of work involving their hands because it leaves their minds free to focus on god and pray. Jesus says in Matthew 6:24 how â€Å"no one can serve two masters†, â€Å"you cannot serve both god any money† so the nuns in the poor clare community decide to â€Å"serve god† and his people and help them rather than work for money.

my bridge is big essays

my bridge is big essays I built my bridge on the foundation of triangles because any engineer will tell you they are one of the strongest shapes. No matter where you put pressure that other two sides of the triangle pick up the excess pressure. I decided to build the triangles into boxes so the support would spread out over a much greater area. I also added extra glue to the joints to strengthen the corners that did not match up really flush. In doing so I created joints that were not entirely straight but hold up just as well. I also cut the toothpicks so I could use whole ones as hypotenuses. Many were thrown out because they were broken or had defects in them. Many difficulties I encountered were not having enough fingers to glue the four sides down. Also it was a huge mess when the glue bottle became clogged and would not pour out until you squeezed it very hard. Well it then came oozing out all over your bridge and wasted like half the tube all over the wax paper or your mothers nice table. It was also very hard to get the toothpicks to stay in the upright position and when you moved a slight bit either way the toothpick on the other side would fall over. Mechanical engineering involved in the bridge building process included finding out that 45-degree angles were the strongest and that mass and stress put on these angles broke after the toothpicks were bent. Some careers include architecture, masonry, carpentry, astronomy and being a high school physics teacher. ...

The significant role of financial intermediaries Essay

The significant role of financial intermediaries - Essay Example In the process of redistributing savings into productive uses, financial intermediaries combine small savings into substantial pools of capital which are re-lent to a wide number and variety of borrowers, or invested in various forms of securities, thus providing risk diversification and liquidity. Intermediation is defined as the placement of money with a financial intermediary which invests in bonds, stocks, mortgages, loans, money market securities and government obligations to achieve targeted returns. Essential to understanding the intermediation market is the existence of a direct credit market where borrowers or investors meet and transact financial business directly with the providers of funds. An example is a cash-rich business which purchases a commercial paper directly from a finance company. Another would be a household that buys a new share of stock of an industrial company from a stockbroker which underwrote the issue. No financial intermediary was involved here because it was not necessary. A financial intermediary plays a significant role only when hindrances or inefficiencies can occur, such as when the denomination, maturity, and other security characteristics do not match exactly the desires and requirements of the SSU. When a household has available funds of only â‚ ¤500, it would not be able to participate in buying a bond issue denominated at â‚ ¤5000 each. Financial intermediaries come into the picture when it buys direct claims from the DSUs with specific security characteristics (maturity, denomination, and liquidity) and sells indirect claims to SSUs packaged to conform to the specific requirements of the market.

Stem Cells Research Essay Example | Topics and Well Written Essays - 2500 words

Stem Cells Research - Essay Example In the attempt to bring some semblance of civility from both opposing camps, many articles have been written both for general readership and for the scientific community. The discourses have been tackled from different angles of argument yet it is still difficult to find middle ground. There are significant differences between a scholarly and popular publication. Academic publication aims to provide the scientific community and academe theoretically based arguments that would capture their attention. Popular publications on the other hand aim to educate the general public on the contentious issues without venturing into technical terminologies that may cloud the issue further. Writers for popular publications should consider the limitations of readers when it comes to explaining relevant facts. The academic and scientific community would not accept simple explanations for the issues. They would consider the validity of the arguments if they were well grounded and anchored on accepted theories. Both mediums aim to inform but they carry different weights. In examining some examples of the two types of publications, it is but appropriate to consider the audience each of the publications was intended for. Ultimately, the intention of the writers is to educate the publ ic. At first glance, without delving into details, academic pub... If one would require fast facts, then it is more practical to turn to popular publications. The strategy of this paper is to pair up two articles from each type with similar issues discussed. This would give the readers two presentations for the same issue. The Regulation Argument Popular Publication Article Title: To create, or not to create Author: Bernadine Healy, M.D. Publication: U.S. News & World Report. Washington Academic Publication Article: Navigating the quagmire: the regulation of human embryonic stem cell research Author/s: D.G.Jones and C.R.Towns Publication: Human Reproduction Dr. Healy, writing on the necessity of having ground rules set before pursuing stem cell research further, attempted to influence her readers through her more emotional contentions about the issue. There was no attempt to elaborate on details. The writer dealt with simple facts that the public can easily relate and understand. She did give a brief background on the progress of legislation but very little detail. Healy presented one position on banning the continuance of stem cell research. She wrote, "A Swiss law that took effect earlier this month is typical of laws in most European countries: It bans embryo creation outright."1 Jones and Towns elaborated on four different positions. Position A advocated complete ban of stem cell research; Position B called for status quo; Position C allowed continued research within the 14-day limit for embryo extraction; and Position D permitted the creation of human embryo for research purposes in addition to the other current research initiatives.2 Comparing the intentions of the two articles, both are informative but the writers of the scholarly publication allowed the readers to form their opinions after having