Monday, August 24, 2020
Wavelets are mathematical functions
AbstractionRipples are numerical maps that cut up informations into various frequence constituents, thus dissect every constituent with an announcement coordinated to its graduated table. They have points of interest over customary Fourier strategies in breaking down physical condition of affairss where the sign contains discontinuities and fresh spikes. Waves were grown freely in the Fieldss of science, quantum regular ways of thinking, electrical innovation, and seismal topography. Exchanges between these Fieldss during the last 10 mature ages have prompted numerous new wave applications, for example, picture compaction, turbulency, human vision, radio discovery and running, and earthquake expectation. This paper acquaints swells with the intrigued capable individual outside of the advanced sign preparing field. I portray the historical backdrop of waves get bringing down with Fourier, contrast swell changes and Fourier changes, territory belongingss and other specific aspects of w aves, and Covering with some intriguing applications, for example, picture compaction, melodic tones, and de-noising boisterous informations.1. IntroductionA swell is a wave-like wavering with plentifulness that begins at zero, augmentations, thus diminishes back to nothing. It can normally be imagined as a ââ¬Å" brief swaying â⬠like one may see recorded Seismograph Or on the other hand chest delegate. By and large, swells are deliberately made to hold explicit belongingss that make them utile for signal handling. Waves can be joined, using a ââ¬Å" relocation, duplicate and sum â⬠procedure called spin, with parts of an obscure sign to pull out data from the obscure sign. Wavelets give a substitute assault to conventional sign preparing procedures, for example, Fourier examination for interfering with a sign up into its segment parts. The drive float behind wave investigation is their things of being confined in cut ( limitless ) each piece great as graduated table ( frequence ) . This gives a period scale guide of a sign, empowering the extraction of attributes that fluctuate in cut. This makes wavelets a perfect apparatus for dissecting signs of a transient or non-fixed nature.2. HistoryThe improvement of waves can be connected to a few separate trains of thought, get bringing down with Haar ââ¬Ës work in the mid twentieth century. V ital parts to wavelet hypothesis can be ascribed to Zweig ââ¬Ës find of the continuous wave change in 1975 ( initially called the cochlear change and found while dissecting the response of the ear to sound ) , Pierre Goupillaud, Grossmann and Morlet ââ¬Ës arrangement of what is currently known as the CWT ( 1982 ) , Jan-Olov Str and A ; ouml ; mberg ââ¬Ës early work on unmistakable waves ( 1983 ) , Daubechies ââ¬Ë unessential waves with conservative help ( 1988 ) , Mallat ââ¬Ës multiresolution model ( 1989 ) , Nathalie Delprat ââ¬Ës time-recurrence perusing of the CWT ( 1991 ) , Newland ââ¬Ës Harmonic wave change ( 1993 ) and numerous others since.First swell ( Haar swell ) by Alfred Haar ( 1909 )Since the 1970s: George Zweig, Jean Morlet, Alex GrossmannSince the 1980s: Yves Meyer, St and A ; eacute ; phane Mallat, Ingrid Daubechies, Ronald Coifman, Victor Wickerhauser3. WAVELET THEORYWavelet hypothesis is pertinent to a few themes. All wave changes might be view ed as signifiers of time-recurrence portrayal for nonstop time ( equal ) flags as are identified with consonant investigation. Practically all for all intents and purposes utile particular wave changes utilize discrete-time channel Bankss. These channel Bankss are known as the wave and scaling coefficients in swells classification. These channel Bankss may consolidate either limited motivation reaction ( FIR ) or endless drive reaction ( IIR ) channels. The waves arranging a continuous wave change ( CWT ) are fit to the uncertainness rule of Fourier investigation separate difficult hypothesis: Given a sign with some occasion in it, one can non delegate simultaneously a careful clasp and frequence reaction graduated table to that occasion. The product of the uncertainnesss of clasp and frequence reaction graduated table has a lower edge. Subsequently, in the scale gm of a continuous wave change of this sign, such an occasion denotes a full part in the time-scale plane, on the other h and of just one point. In addition, unmistakable wave bases might be considered with regards to different signifiers of the uncertainness rule. Wavelet changes are inexactly separated into three classifications: continuous, unmistakable and multiresolution-based. Above demonstrated chart shows all CWT ( Continuous Wavelet ) , DWT ( Discrete Wavelet ) . These all differs with the clasp and degree and all diagrams acquired are above shown.4. WAVELET TRANSFORMSThere are a major figure of wave changes each appropriate for various applications. For a full rundown see rundown of wavelet-related changes however the normal 1s are recorded below:Continuous swell change ( CWT )Discrete wave change ( DWT )Fast wave change ( FWT )Raising strategyWavelet bundle deterioration ( WPD )Stationary wave change ( SWT )5. WAVELET PACKETSThe swell change is actually a subset of an undeniably increasingly different change, the wave bundle change. Wavelet bundles are curious added substance mixes of waves. They structure bases which hold a considerable lot of the oppositeness, perfection, and localisation belongingss of their parent swells. The coefficients in the added substance blends are registered by a recursive calculation doing each newly processed wave bundle coefficient grouping the base of its ain investigation tree.6. WAVELETS IN MATLABWavelet Toolbox bundle broadens the MATLAB capable figuring condition with graphical instruments and order line maps for creating wavelet-based calculations for the investigation, amalgamation, denoising, and compaction of signs and pictures. Wavelet examination gives more exact data about sign informations than other sign investigation procedures, for example, Fourier. The Wavelet Toolbox bolsters the synergistic geographic undertaking of wave belongingss and applications. It is utile for address and sound preparing, picture and picture handling, biomedical creative mind, and 1-D and 2-D applications in interchanges and geophysical sciences.7. WAVELETS VS FOURIER TRANSFORMEach and everything in this universe practically identical to it has a few similitudes and unsimilarities with that equivalent is the case with the waves and Fourier change. Waves can be contrasted and the Fourier change on the balan ce of their likenesses and unsimilarities which are clarified as follows. Grouped sorts of similitudes and unsimilarities of waves and Fourier change are as follows.7.1 SIMILARITIES BETWEEN FOURIER AND WAVELET TRANSFORMSThe quick Fourier change ( FFT ) and the particular wave change ( DWT ) are both added substance activities that produce a data development that containssegments of arranged lengths, ordinarily make fulling and changing it into an alternate informations vector of length. The numerical belongingss of the frameworks engaged with the changes are comparative as acceptable. The opposite change network for both the FFT and the DWT is the transpose of the first. As an outcome, both changes can be seen as a rotating movement in map endless to an alternate circle. For the FFT, this new circle contains balance maps that are sines and cosines. For the wave change, this new circle contains increasingly muddled balance maps called swells, female parent swells, or dissecting swell s. Both changes have another similitude. The fundamental maps are restricted in frequence, doing scientific instruments, for example, power spectra ( how much force is contained in a frequence stretch ) and scale gms ( to be characterized in this way ) utile at choosing frequences and figuring power distributions.7.2 DISSIMILARITIES BETWEEN FOURIER AND WAVELET TRANSFORMSThe most fascinating unsimilarity between these two sorts of changes is that solitary wave maps arelocalized in space.Fourier sine and cosine maps are non. This localisation trademark, alongside swells ââ¬Ë localisation of frequence, makes numerous maps and administrators using swells ââ¬Å" slim â⬠when changed into the wave circle. This spareness, in twist, outcomes in a figure of utile applications, for example, informations compaction, watching attributes in pictures, and taking clamor from cut arrangement. One way to see the time-recurrence revelation contrasts between the Fourier change and the wave ch ange is to take a gander at the balance map inclusion of the time-recurrence plane. The square moving edge window shortens the sine or cosine guide to suit a window of an unconventional broadness. Since an individual window is utilized for all frequences in the WFT, the announcement of the examination is the equivalent at all areas in the time-recurrence plane.8. WAVELET APPLICATIONSThere are varying sorts of uses in the field of waves which are as per the following can be clarified as followsComputer and Human VisionFBI Fingerprint CompressionDenoising Noisy DataMusical Tones8.1 COMPUTER AND HUMAN VISIONIn the mid 1980s, David Marr started work at MIT ââ¬Ës Artificial Intelligence Laboratory on unbelievable vision for machines. He is a specialist on the human visual framework and his end was to larn why the main endeavors to manufacture a machine fit for understanding its milieus were ineffective. Marr accepted that it was of import to set up logical establishments for vision, a nd that while making so ; one must confine the scope of test by with the exception of everything that relies upon planning, human advancement, etc, and focus on the mechanical or nonvoluntary aspects of vision. This low-level vision is the segment that empowers us to enliven the 3-dimensional association of the physical universe around us from the fervors that invigorate the retina. He so evolved working algorithmic answers for answer each of these inquirie
Saturday, August 22, 2020
Examining a Business Failure Essay Example | Topics and Well Written Essays - 1250 words
Inspecting a Business Failure - Essay Example In basic terms, business disappointment can be characterized as a circumstance whereby an organization or an association stops activities because of failure to make benefit or on the grounds that it can not, at this point have the option to acquire adequate income that can cover the costs it causes. Studies have indicated that business disappointment can be brought about by the accompanying variables: expanded rivalry; poor usage of methodologies; obsolete innovation; poor administration; poor authority; monetary issues; and financial difficulties (Hatch, 2006). So as to have a superior comprehension of business disappointment, this paper will examine the disappointment of Enron Corporation. Enron Corporation was one of the main players in the vitality advertise; really, in the year 2001, it was the United States ââ¬â¢ seventh Largest Corporation as far as incomes (Mclean and Elkind, 2003). Be that as it may, it endured a calamitous breakdown because of monetary embarrassment (bro adly known as Enron Scandal) which included its bookkeeping firm (Arthur Andersen), Enronââ¬â¢s the executives and authority. The embarrassment included deceitful bookkeeping methods and practices which happened during the 1990s and the start of 21st century. These fake exercises included control of the Enronââ¬â¢s stock cost. This outrage in the end drove the Corporation to petition for financial protection in December 2001 (Fox, 2003). Robbins (2004) contends that though occasions prompting business disappointment of an association frequently take various measurements, the commitment of the organizationââ¬â¢s the board, initiative, and hierarchical structures towards the disappointment can't be precluded. As an issue of realities, he takes note of that this commitment is typically key to business disappointment in some random association. Things being what they are, how did Enronââ¬â¢s initiative, the executives, and hierarchical structures add to the disappointment of the association? Fox (2003) sees that the preliminaries identifying with Enron embarrassment indicated that, in fact, the Corporationââ¬â¢s initiative added to its disappointment. Enron officials were accused of criminal acts that incorporate insider exchanging, tax evasion, and extortion. What turned out to be clear was that the Corporationââ¬â¢s administration just centered around impact, insatiability, force, and benefits and gave little consideration to the Corporationââ¬â¢s Code of Ethics (Mclean and Elkind, 2003). Their center caused them to settle on wrong to and misleading choices, just as planning with Arthur Andersen examiners to participate in illicit bookkeeping exercises and strategies. Jeff Skilling, Ken Lay and Andrew Fastow are the most striking top-level pioneers of Enron whose practices significantly added to the breakdown of the Corporation (Fox, 2003). For instance, Andrew Fastow who was the Corporationââ¬â¢s CFO occupied with inappropriate organizat ions, extortion, and tax evasion exercises. Jeff Skilling occupied with trick, insider exchanging, made bogus budgetary reports, and in misrepresentation. Ken Lay offered deluding expression and engaged in false exercises (Mclean and Elkind, 2003). As pioneers of the Corporation, Fastow, Skilling, and Lay were relied upon to cling to and maintain Enron Code of Ethics that called for uprightness, greatness, correspondence, and regard. In any case, they occupied with exercises that tested the Corporations morals codeââ¬â¢s primary qualities. The top administration just as the Corporationââ¬â¢s senior administration added to the disappointment by endeavoring to make a combination in the vitality business that was planned for expanding the
Tuesday, July 21, 2020
Finding Happiness and Stress Relief
Finding Happiness and Stress Relief Happiness Print 16 Ways to Cultivate Real Happiness in Your Life By Elizabeth Scott, MS twitter Elizabeth Scott, MS, is a wellness coach specializing in stress management and quality of life, and the author of 8 Keys to Stress Management. Learn about our editorial policy Elizabeth Scott, MS Updated on January 24, 2020 Serg Myshkovsky / Getty Images More in Self-Improvement Happiness Meditation Stress Management Spirituality Holistic Health Inspiration Brain Health Technology Relationships View All While thereâs more to happiness than just the absence of stress, there are relationships between stress-relieving activities and happiness. Positive psychology pioneer Martin Seligman has researched and written extensively about authentic happiness, which is facilitated and enhanced by all of those things you may instinctively know are good for the soul: strong relationships, challenging work, and meaning in life. Dr. Michael Frisch, a Baylor University professor and another pioneer in the field of positive psychology, has found 16 different areas of life that contribute to a personâs happiness, and measuring satisfaction in these areas can help measure a personâs overall level of happiness and life satisfaction. Many of the things that bring happiness are also things that relieve stress, such as exercise, expressing creativity, maintaining supportive friendships, keeping an organized home, and enjoying your work. When youâre overwhelmed with stress, often just relieving the imminent pressures is foremost on your mind; however, following a stress relief program that also incorporates activities known to increase overall happiness can give you short-term stress relief, and the lasting gains of a happy life. And when you incorporate into your life a general state of happiness and make habit the lifestyle features that promote it, youâll be better able to weather future stress in your life. How to Create More Happiness in Your Life The following is a list of the 16 different features that promote happiness, with resources from this site and others that can help you incorporate these features into your life, relieving stress at the same time! Health: Maintain your health, and youre maintaining your happiness. Health issues can bring additional stress and can make it difficult for you to do some of the things that bring you happiness and stress relief.Self-Esteem: Feeling good about who you are isnt just a touchy-feely thing we worry about for our kids; its important for you to like the person you are right now. Low self-esteem seems to affect many areas of your life.Goals, Values, and Spiritual Life: These are three different things, but they make up an important category that involves an internal, positive focus on something thats greater than who you are right now. These are all things that bring meaning to your life, and this is closely tied to your happiness.Money: Its true that, beyond a certain point, more money doesnt bring significantly more happiness. Its also true, however, that too little money can bring stress and challenges to your happiness. Having enough money to live comfortably is important. Work: Ha ving a job that fulfills you is ideal. A job that doesnt make you miserable is a must.Play: Leisure time, having fun, letting loose--theyre all important for your happiness and stress levels. You dont need to play all of the time, but you really need some time for fun in your life.Learning: Taking on new skills and growing as a person involves gratifications, and can provide you with greater resources in your life--both great for stress and happiness.Creativity: The same is true for expressing your creativity. In fact, art activities that exercise creativity have been shown to be good for the health and happiness of those who consider themselves to be non-creative types as well.Helping: It turns out that we as humans really love to be helpful to others, to one degree or another. Finding ways to exercise your altruism can keep you happy and less stressed.Love: This is a bit of a no-brainer, but having love in your life is great for keeping yourself feeling joy.Friends: Maintainin g a supportive circle, even if that circle is small, can help you to feel happier in virtually every area of life and can provide an excellent buffer against stress.Children: Kids bring meaning into our lives, as well as many smiles and belly laughs.Relatives: Unless you come from a heavily drama-prone family, staying close to relatives can keep your life fun, supportive, and meaningful. Finding low-stress ways to communicate with your family is important for keeping things drama-free, however.Home: Maintaining a home that acts as a haven from stress is important at the end of the day.Neighborhood: Living in a neighborhood thats close and supportive, or at least one that doesnt involve feuds or danger, can contribute to happiness and decrease stress by offering support and connection.Community: Being part of a community, whether its a physical community like the area where you live or a community of friends based on shared spiritual views, life goals, or things in common.?
Thursday, May 21, 2020
Student - 2223 Words
Fair Compensation Research Team A Patricia Hailey, Cynthia Whitelow, Jim Loncar RES/351 March 22, 2014 Darron Williams Introduction and Problem Statement ABC Company is currently involved in litigation involving a current female employeeââ¬â¢s complaint that the company unfairly administers its wage and salary policies between male and female employees performing the same job. The goal of the research is to determine if ABC Company policies are current, ethical, fair, legal, and administered properly throughout the organization. Our hypothesis is that the wage and salary policies of ABC Company are administered ethically and legally across all units of the company. Is there pay equity and discrimination among women and men in theâ⬠¦show more contentâ⬠¦Many types of companies conduct a salary study, for example, industry, educational institutions, and federal and state governments. More than 80 percent of human resources professionals and business managers participate in or purchase at least one study a year. (Business Salary 2014, Compensation surveys and fair pay). Conducting a salary survey can be time consuming, and could take up to 7 months or more after all the data, and questionnaires have been collected. (Business Salary 2014, Compensation surveys and fair pay). The collection of the data for ABC Company will involve various instruments. The first will be existing wage and salary surveys that may be available to the research team. These could include government surveys or business surveys. However, since ABC Companys wage and salary policies and the administration of these policies are under scrutiny due to the pending lawsuit; v arious other data collection instruments will be used to present data to ABC Companys management. The research team will use a prepared study with a cross-section of the companys employee population. The employees involved in the survey will be asked the same questions. This will be a rated scale survey. Another instrument that will be effective is a study of human resource professionals of area organizations is interviews. These interviews will beShow MoreRelatedThe Cohort Of Student Students1421 Words à |à 6 Pagesdecades. All through China, students start in a school are place into classes and they reside in those classes in the company of each other for the whole time in that school except higher tests, which allow them to shift to a more superior group. It is understood in the Chinese structure that this grouping of students will deal with all of their subjects mutually. While in America, these types of student groups do not exist into classes. Instead, the thirty students that are together for Math classRead MoreStudent Leadership And The Student Association For Chinese University Students1468 Words à |à 6 PagesStudents attending universities, with the emphasis switching from only focusing on academic experience to combining academic and social performance together. Thi s study is an investigation of the GPA, family background and demographic predictors of being leaders in the student association for Chinese university students in elite universities. Questionnaires data were collected from 1661 students in four elite universities in 2013 to 2015. The GPA was identified as the most significant predictor ofRead MoreStudent Loan System For College Students1212 Words à |à 5 PagesStudent Loan System Throughout the ages, society has evolved to overcome the challenges it faces from one generation to the next, by learning and advancing further than the previous ones. It has undergone a vast number of changes; however, mankind has never undermined the importance and necessity of a complex and well-educated society. Moreover, it is the duty of each one of us to make sure that the next generation takes a step further than the previous one. With this in mind, society has understoodRead MoreStudent Loan System For College Students1212 Words à |à 5 PagesStudent Loan System Throughout the ages, society has evolved to overcome the challenges it faces from one generation to the next, by learning and advancing further than the previous ones. It has undergone a vast number of changes; however, mankind has never undermined the importance and necessity of a complex and well-educated society. Moreover, it is the duty of each one of us to make sure that the next generation takes a step further than the previous one. With this in mind, society has understoodRead MoreHelping Other Students On Young Students918 Words à |à 4 PagesThis paper is an attempt to assist other students on how to become successful in college. There is a lot of pressure in college and course topics may seem difficult to understand or retain but there is always assistance in your college. The first topic I would like to cover is stress. Here is something to keep in mind if stress occurs. Did you know that stress could make you lose your short term and a long-term memory? Well it ca n. Therefore, in order to think clearly, to learn while in classRead MoreStress Student959 Words à |à 4 Pagesinformative speech Purpose:à To inform the audience about student stress.à Thesis:à Today I will discuss about sources and effects of student stress and efficient ways to manage this emotional and physical strain. Organizational Pattern:à I. Introduction à A. Attention Getterà According to the Student Living Report 2002, an ongoing survey of student experiences carried out by MORI for the UNITE Group, more than half of students (53%) said they had become more stressed since startingRead MoreStudent Loans449 Words à |à 2 PagesStudent Loans The federal government has the power to cutback the funding of student loans. There are several different ways the government can go about doing this. One way is to keep the amount of each loan the same and reduce the number of loans granted. Another option the government has is to reduce the amount of each loan and issue the same number as in the past. Either way, students that belong to a low-income family will be greatly affected. Cutbacks in the funding of student loansRead MoreInternational Students And The International Student951 Words à |à 4 Pagesthought been an international student? If not you need to be well prepared to know about their issues and problems during their study life. International students who are seeking for the best education have specific needs and services. Every international institution or university must be aware of the international students requirements such as information about the city, the housing and the fees. There are many authentica ted surveys have shown that the major student enrollment to the united sateRead MoreEffectiveness Of Peer Support And Student Engagement On Student Success1406 Words à |à 6 PagesExamining Student Success: The effectiveness of Peer support and Student Engagement on Student Success The use of peer-leader instructional learning (PIL), has been shown to be positively correlated with improving student self-efficacy, learning, grades, and confidence in past research (Hughes, 2011). However, most of this research has been carried out in Science, Technology Engineering, and Mathematics (STEM) courses (e.g. upper level physics courses) (Murray, 2011). More research is needed in orderRead MoreImpact Of Technology On Asian Students And United States Students985 Words à |à 4 Pageswith a studentââ¬â¢ education. There are so many uses for technology that can show beneficial for both Asian students and United States students. Throughout the United States there is a wide variety of technology available for teachers. Mathematics Analysis Software, like scientific calculators, function graphers, and geometry packages are made available for students. Since the 1990ââ¬â¢s a change in mathematics education has taken place because of the implementation of new ways to hel p students understand
Wednesday, May 6, 2020
The Criticisms of John Stuart Mill and Its Applications in...
ââ¬Å"Absolute liberty is the absence of restraint; responsibility is restraint; therefore, the ideally free individual is responsible to himselfâ⬠- Henry Brooks Adams. There has been great debate, past and present with regards to what constitutes as an individuals liberty. It has been subject to constant ridicule and examination due to violations of civil rights. Freedom, liberty, and independence are all important human rights represented within John Stuart Millââ¬â¢s On Liberty. In his essay, Mill explores the two dimensions to liberty; individual and social. Carefully he analyzes the variance between the individual and social sphere through freedom of expression, more specifically, freedom of speech. Throughout the novel, he expresses thatâ⬠¦show more contentâ⬠¦Also noted by Mill, dating back to centuries ago the minority was heavily protected by the authority. the stronger. ââ¬Å"To prevent the weaker members of the community from being preyed upon by innumer able vultures, it was needful that there should be an animal of prey stronger that the restâ⬠( Mill, 2) With that said, Millââ¬â¢s essay speaks strongly on ââ¬Å"demanding liberty of conscience in the most comprehensive sense, liberty of thought and feeling, absolute freedom on opinion and sentiment on all subjects, practical, or speculative, scientific, moral or theologicalâ⬠(Mill 71) believing that we have the freedom to direct our own destiny. Additionally, Mill also advocates for free speech on the grounds of an individuals safety, more in depth, the physical and emotional safety of a citizen. ââ¬Å"The only purpose for which power can be rightfully exercised over any member of a civilized community, against his will,is to prevent harm to othersâ⬠( Mill,8) Here, it is obvious that Mill advocates free speech as long as it doesnt hamper another being. Furthermore, Mill also justifies his belief in free speech on the grounds of ones mental well being stating à ¢â¬Å"necessity to the mental well being of mankind of freedom of opinion.( Mill,43) It is apparent that Mill asserts freedom of speech is acknowledged on the basis of an individuals safety, both physical and mental. In addition to Millââ¬â¢s strong beliefs with liberty and freedom, he deems true a direct correlation betweenShow MoreRelatedJeremy Bentham and John Stewart Mill1712 Words à |à 7 PagesÃ¢â¬Æ' Bentham/ J.S Mill ââ¬Å"According to Jeremy Benthamââ¬â¢s ââ¬Ëprinciple of utility,ââ¬â¢ actions are right when they increase happiness and diminish misery.â⬠(Bentham, pg. 101) With this, Bentham is described as a ââ¬Å"hedonistic utilitarian,â⬠meaning his theoretical objectives consist of the pursuit of happiness/pleasure and the avoidance of pain. Hedonists also believe in quantifying happiness. Bentham developed the formula of the ââ¬Å"calculus of felicityâ⬠(hedonistic calculus) in order for one to ââ¬Å"analyze an act inRead MoreAnalysis Of The Book Justices : What Is The Right Thing Essay1540 Words à |à 7 Pageshave a profound understanding of justice. In the book Justices: What Is The Right Thing To Do? Michael J. Sandel searches and explores the meaning of justices, and he invites all the readers to discuss about many controversies that raised in todayââ¬â¢s society. Sandel exams major approaches to define justices from utilitarianism, libertarianism to fre edom, and he believes that thinking about justices will engage us to think about the best way to live. 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Becker and Huselidââ¬â¢s analysis explained return on sales for each store on the basis of the performance appraisals of the store supervisors. Their statistical analysis also controlled for differences in the supervisorsââ¬â¢ educationalRead MoreHistory of Management Thought Revision17812 Words à |à 72 Pagesdescribed this role but it was others who advanced personnel management. a. Mary Gilson would be one example of the scientific management viewpoint. b. Also Jane Williams at Plimpton Press. c. The Henry Gantt/Elizabeth Briscoe clash at Bancroft Mills relates similarities and differences between the welfarists and those of scientific management. d. Henry Ford and his $5 per day minimum is worth mentioning, as well as his sociological department. (Ask the class what Ford s advisers did --Read MoreOrganisational Theory230255 Words à |à 922 Pages. Organization Theory Challenges and Perspectives John McAuley, Joanne Duberley and Phil Johnson . 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Broadway Theater Free Essays
Broadway Musical Theater The role of music has become increasingly important in Broadway theater. From the early days of theater in America, which quickly established itself in New York City, music has helped to create many successful Broadway productions. Vaudeville music, which was music hall variety entertainment, took root in the late1800s. We will write a custom essay sample on Broadway Theater or any similar topic only for you Order Now It then turned into their theatrical revues, stage spectaculars consisting of sketches, dance, and songs with parody and satire in the early 1900s. In the 1900s, talented composers could gain popularity for their theatrical music in a very short period of time. A few such prominent songwriters are Irving Berlin, Rodgers and Hammerstein, and Andrew Lloyd Webber. Due to catchy show tunes and optimum locations in New York City, Broadway musicals are more successful then ever before, and they show no sign of slowing down. Colonial America did not have a significant theater presence until 1752 when London entrepreneur, William Hallam, sent a company of twelve actors to the colonies with his brother, Lewis, as their manager. They established a theater in Williamsburg, Virginia and opened with The Merchant of Venice and The Anatomist. The company moved to New York in the summer of 1753 and performed ballad-operas such as The Beggarââ¬â¢s Opera and ballad-farces like Damon and Phillida. By the 1840s, P. T. Barnum was operating an entertainment complex in lower Manhattan (Musical theatre). After the Civil War, theater in New York moved from Downtown to Midtown Manhattan where real estate was less expensive. Broadway theater did not arrive in Times Square until the 1920s and 1930s. New York Cityââ¬â¢s first ââ¬Å"long-runâ⬠musical was a 50 performance hit called The Elves in 1857. New York runs continued to lag far behind those in London, but Laura Keeneââ¬â¢s ââ¬Å"musical burlettaâ⬠Seven Sisters in 1860 shattered previous New York records with a run of 253 performances (Musical theatre). The length of runs in the theater changed rapidly around the same time that the modern musical emerged. As transportation improved, poverty in London and New York diminished. In addition, because street lighting made for safer travel at night, the number of potential patrons for the growing number of theaters increased enormously. Plays could run longer and still draw in the audiences, leading to better profits and improved production values (Musical Theater). Vaudeville entertainment took America by storm in the late 1800s. These variety shows had musical, comic, dramatic, aerobatic, and juggling acts. Although Vaudevilleââ¬â¢s popularity declined by the 1930ââ¬â¢s, it gave a distinctive flavor to Broadway shows. Revues, which had their roots in 19th century American popular entertainment, grew into a substantial cultural presence during the years 1916 to 1932 (Revue). These musical variety shows consisted of skits, dance routines, and songs that often satirized current events and personalities. During hectic times, both of these forms of entertainment became the way to ââ¬Å"get away from it allâ⬠for a few hours and forget about ones troubles (Revue). By the early 1900s, Broadway musicals were in full swing. The great songs from these musicals involved almost all of the top composers of the day (History of). In many cases, after the composed songs were well established, a particular song was selected as the theme song for that Broadway musical. Unknown composers had the chance to become famous overnight. Often songs ââ¬Å"caught fireâ⬠and they were in ranks with the most successful composers of the day. One of these great composers was Irving Berlin. Born in Russia, Irving Berlin was a composer and lyricist, widely considered to be one of the greatest American songwriters in history. In 1907 he published his first song, Marie From Sunny Italy, and by 1911 he had his first major international hit, Alexanderââ¬â¢s Ragtime Band (Irving). Over the next five decades, Irving Berlin produced an outpouring of ballads, dance numbers, novelty tunes and love songs that defined American popular songs for much of the century. A sampling of some of the Irving Berlinââ¬â¢s songs are: How Deep Is the Ocean? , Blue Skies, White Christmas, Always, Anything You Can Do, I Can Do Better, Thereââ¬â¢s No Business Like Show Business, Cheek To Cheek, Puttinââ¬â¢ On The Ritz, A Pretty Girl Is Like A Melody, Heatwave, Easter Parade, and Lets Face The Music and Dance. In a class by itself, he wrote for his beloved country, God Bless America (Irving). Throughout his sixty-year career, he composed approximately 1,500 songs. Some other famous composers were Richard Rodgers are Oscar Hammerstein who collaborated on several Broadway musicals such as Oklahoma! n 1943, South Pacific in 1949, The King and I in 1951, and The Sound of Music n 1959 (Amer Spec Encly pp 472, 930). Andrew Lloyd Webber, a British composer, has seen many of his plays appear on Broadway. Some of his best known shows are: Eita, Cats, Joseph and the Amazing Technicolor Dreamcoat, and The Phantom of the Opera which is the longest running show to d ate (celebrating its 10,000th performance on Broadway on February 11. 2012), the Phantom of the Opera opened in the West End in 1986, and on Broadway in 1988. It won a total of seven Tony Awards including Best Musical. Phantom is the highest-grossing entertainment event of all time and the most financially successful theatrical show in history (The Phantom). In an era of stunning 3-D movies and impressive IMAX films, Broadway musical theater remains one of the most popular attractions in New York City. Few attractions match the excitement and spectacle of a Broadway musical. Featuring forty Broadway theaters, high-profile stage actors, and world-class sets and costumes, New York Broadway shows are must-see entertainment for travelers. Broadway theater is widely considered to represent the highest level of commercial theater in the English-speaking world. According to The Broadway League, Broadway shows sold approximately $1. 081 billion dollars worth of tickets in the calendar year 2011. Attendance in 2011 was 12. 13 million people (HISTORY OF). Because music plays such an important role in Broadway theater, Broadway musicals are more successful than ever before. Works Cited ââ¬Å"HISTORY OF BROADWAY IN NEW YORK CITY, BROADWAY THEATER, MUSICALS AND SHOW HISTORY. â⬠nyctourist. com. N. p. , 29 May 2012. Web. 3 June 2012. . ââ¬Å"History of Broadway Musicals: More Than A Century of Musical Classics. â⬠americana-music-and-memories. om. N. p. , n. d. Web. 3 June 2012. . ââ¬Å"Irving Berlin. â⬠wikipedia. org. Wikimedia Foundation, Inc. , 28 May 2012. Web. 3 June 2012. . ââ¬Å"List of the longest-running Broadway shows . â⬠wikipedia. org. Wikimedia Foundation, Inc. , 26 May 2012. Web. 3 June 2012. . ââ¬Å"Musical theatre. â⬠Wikipedia. org. Wikimedia Foundation, Inc. , 31 May 2012. Web. 3 June 2012. . â⬠Å"The Phantom of the Opera (1986 musical). â⬠wikipedia. org. Wikimedia Foundation, Inc. , 27 May 2012. Web. 3 June 2012. . ââ¬Å"Revue. â⬠wikipedia. org. Wikimedia Foundation, Inc, 18 May 2012. Web. 3 June 2012. . How to cite Broadway Theater, Papers
Sunday, April 26, 2020
The Fashion Chanel free essay sample
What are the 5 primary types of consumer and market data provided in the case you would consider if you were Dana Wheeler? Discuss specific result elements (not a summary of the exhibits). As Dana Wheeler, I would consider the following five primary types of consumer and market data: 1. Cable Ratings: Both Advertising and Affiliate revenue will depend upon these as the usability of a channel to the cable company and advertisers depend upon the amount of viewers a channel has. 2. Annual Demographic Survey: Provides key data to focus on 18-34 year female iewers. This audience group would be the prime focus as their viewership will attract the advertisers and will have them pay the largest CPM. 3. Advertising Revenue Model: Advertising revenue is the largest source of income for the channel which could go down by 10% if there was no change in the channel strategy. 4. Competition from other Networks: This data allows the channel to find what is most desirable amongst the viewers thats attracting them to the other channels. We will write a custom essay sample on The Fashion Chanel or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page . Attitudinal Research Findings: Cluster segmentational Data will provide an insight nto different viewer populations as to what to focus in order to market effectively bringing in high CPM. 2. Consider 3 primary options presented. Discuss the pros and cons of each Broad Multi Segment Approach: This includes targeting viewers from all the age ranges including Fashionistas, Planners Shoppers and Situationalists by investing in marketing and advertising campaign as well as programing. PROS: This approach will lead to approximately 20 % increase in viewership as it will be targeting a broad range of viewers increasing their awareness and liking towards the channel. Also, it will not require an additional programing expense as compared to the other approaches and will deliver about $40 M more in terms of net income as compared to the base income of 2007. CONS: Ad Sales forecasted a decrease by 10% in CPM if the current trend continues. Broad Multi Segment approach still does not present with a different category of viewers to maintain $2. 0 CPM, instead, it brings it down to $1. 80, which is the same 10% decrease. Since this approach does not target specific audience, TFC will still run under risk of competitors as CNN and Lifetime penetrating their premium segments. Fashionistas segment Approach: This includes targeting Fashionistas which are strong in highly valued 18-34 year old female group. PROS: Since this approach mainly targets 18-34 year old females, it wil l lead to a higher CPM of about $3. 50 from base $2. 00 which will generate a net income of about $100 M more as compared to the base income. Also, it will help TFC to compete with Lifetime which mainly targets females ranging from 18-34 years. CONS: The amount of viewers targeted in this approach is mere 15 % of all viewers which will decrease the channels ratings from current 1. % to 0. 8%. Also, it will cost an additional programming cost of $1 5 M to the channel. Also, targeting one specific audience will not create much awareness or liking of the channel in other viewer groups and they might also lose their loyal viewers. Fashionistas and Planners/ shoppers segment approach: This will include programming targeted to Planners/ Shoppers and Fashionista segments. PROS: This scenario will yield approximately $115 M more in net income as compared to the base income of 2007 due to an they will also be able to compete with other channels and attract their viewers. CONS: This approach is the most expensive approach with a total incremental cost of $20 M. Also this change in programming might cause the channel to lose their loyal viewers and might result in declining viewership 3. If you were Dana Wheeler, what solution would you recommend and why? As Dana Wheeler, I would suggest approach 3 i. e. Fashionistas and Planner/shoppers segment approach, due to the following reasons: 1. The Broad Multi Segment Approach would lead to an increase in ratings from 1. 0% to 1. 2% but as it is not targeted to specific audience, here is a high risk of losing that rating to the competitors. Also, the amount of net profit made would be least in this case i. e. about $40 M yielding a profit margin of 29% which will be a mere 10% more than base profit for the current year. 2. The Fashionista Segment Approach would attract the highest desirable audience population i. e. females ranging 18-34 years thereby leading the channel to increase the CPM from $2. 00 to $3. 50. The amount net profit made in this case would be about $100 M more, yielding a profit margin of 37% which will be a significant 18% more han the base profit. This approach leads to a decline in the ratings from 1. 0% to 0. 8%, as it targets only 15% of the audience population. Also, it requires an additional expense of 15 million and a risk of losing current the loyal clients if the channel becomes too targeted on Just one kind of audience. 3. The Fashionistas and Planners/Shoppers Segment Approach seems most favorable as despite the $20 M programming cost, this approach targets 50% of its audience which will enhance viewer ratings from 1. % to 1. 2 % as it will enable the channel to attract audience rom competitor channels as well. This approach is not too drastic but will also cover the desirable viewer range of 18-34 year females, yielding a CPM increase from 2. 0% to 2. 5%. As a result, this approach would yield a net profit of $1 15M more leading to a profit margin of 39%, which is 20% more than the base profit.
Thursday, March 19, 2020
buy custom Business Memorandum Assignment essay
buy custom Business Memorandum Assignment essay In the guidelines released on July 19, 2005 concerning Plain English and disclosure documents, the SEC turned its regulatory concerns from the substance to the presentation format of the disclosure. In essence, the SECs Plain English guidelines sought to give interested readers the chance to understand in simple language the complex information contained in the disclosure documents. Indeed, poor writing has the possibility of obscuring meaning sought after in the documents. Baroque writing style clouds the truth thereby undercutting compelled disclosure policy. In brief, non-plain English prevents the intention of the message conveyed from reaching the audience. The SEC principles of disclosure language encourage logical document structure, tight sentence structure, appealing design, direct tone, active voice, and word economy (SEC, 2005). In other words, Securities and Exchange disclosure documents should be read with ease devoid of jargon vocabulary. SECs Plain-English guidelines govern writing style and the manner in which information such as charts, statistical graphics and tables are presented in the annual reports or prospectuses. As explained by Ricky Lowry, making these disclosure documents readable does not amount to watering them down. Revising previous prospectuses may be time consuming and requires a lot of effort as well as extensive rewriting at times. Plain English in companies disclosures demands the following: Text Information Use of simple English in writing the titles in the front covers of the disclosures, as well as the back covers, risk factor sections of prospectuses and summary writing. The utilization of active voice and stronger verbs are highly recommended by the guidelines. Information should be presented in concise sentences and paragraphs. If possible, bullet lists should be used with short explanatory sentences. Description of specific disclosures should have subheadings or captions in the sections for easy identification and understanding. Legal terms and technical business language should not find their way in the disclosures. If technical vocabulary must be used, then definition should be provided in the glossary section for clarity for the meanings of terminologies that are not familiar (Lowry, 2000). Rules for graphics Fancy designs may distort clear presentation that translates into complexities in understanding graphics. The SEC guidelines advocate for simplicity of graphics in the disclosure documents to avoid such difficulties. To achieve this objective, the following proposals should be adhered to: All graphics should start at a zero baseline to avoid distorting correct proportions. All graphics should be drawn to scale for correct proportionality Graphics data [presentation should be done in a single unit (for instance, in billions, millions of dollars) to avoid misleading readers Graphics with the intent of showing periodic information should flow forward (January..June) Data presented in tables should be organized in such a way that enables quick deciphering. Presentation of stock markets and their returns for instance should be done according to the magnitude of the returns in descending order as opposed to alphabetical order of names of the markets. Buy custom Business Memorandum Assignment essay
Monday, March 2, 2020
The Weighty Relationship Between Ponder and Pound
The Weighty Relationship Between Ponder and Pound The Weighty Relationship Between Ponder and Pound The Weighty Relationship Between Ponder and Pound By Mark Nichol Ponder and pound respectively pertain figuratively and literally to weighing things, and this commonality isnââ¬â¢t a coincidence: The Latin word pondus, meaning ââ¬Å"weight,â⬠is the source of both words. Ponder, meaning ââ¬Å"considerâ⬠or ââ¬Å"reflectâ⬠(though the original senses were ââ¬Å"appraiseâ⬠and ââ¬Å"estimateâ⬠), stems from the Latin term ponderare (with the same meaning), the verb form of pondus. The noun form ponderance, meaning ââ¬Å"importanceâ⬠or weight,â⬠is rare- much less common than preponderance, which refers to a superiority or majority of amount or number. The adjective imponderable, originally with the sense of ââ¬Å"weightless,â⬠later came to mean ââ¬Å"unthinkable,â⬠in the sense of something that one cannot manage to comprehend. Meanwhile, ponderous, which first meant ââ¬Å"thickâ⬠but later came to pertain to heaviness or clumsiness, comes from the Latin term ponderosus, meaning ââ¬Å"of great weightâ⬠or ââ¬Å"heavy with meaning.â⬠Pinus ponderosa (ââ¬Å"heavy pineâ⬠), the Latin scientific name of a type of pine tree found in the western United States, is the source of that coniferââ¬â¢s common name, ponderosa. The Latin word pondus was borrowed into various Germanic languages early on; in Old English, as pund, it came to refer to a measure of weight equivalent first to twelve ounces and later to sixteen ounces. The use of the term pound for a unit of currency came about from reference to the value of a pound of silver. The other two senses of pound are unrelated to this meaning (and to each other). Pound in reference to a place of confinement or a supply center (now most commonly pertaining to an enclosure for animals) is related to pond; both stem from an Old English verb, pyndan, which means ââ¬Å"damâ⬠or ââ¬Å"enclose.â⬠Meanwhile, the verb pound, which refers to repeated blows, is from another Old English word, punian, meaning ââ¬Å"beatâ⬠or ââ¬Å"crush.â⬠Want to improve your English in five minutes a day? Get a subscription and start receiving our writing tips and exercises daily! Keep learning! Browse the Vocabulary category, check our popular posts, or choose a related post below:Types of RhymeAt Your DisposalAdvance vs. Advanced
Saturday, February 15, 2020
Changes and trends in the external market for Crown Hotel and Casino Assignment
Changes and trends in the external market for Crown Hotel and Casino - Assignment Example re process of formulating a workable strategic management plan for understanding changes and trends in the external market and how to address challenges that may arise. Over the past, the Casino and Hotel industry has grown in spite of competition from other companies and online gambling sites. Income is estimated to increase by rough a compound annual 2.8% over the last five years through 2014-2015. A greater per capita betting outflow has been instrumental in terms of financial performance, with customersindicating high demand for more gaming services. Additionally, the increase in discretionary income levels has further played an essential role for revenue growth. This is attributed to its customers having spent more money on non-essential services such as casino gambling services. Political factors play an essential role as companies such as the Crown Hotel and Casino strive to gain competitive advantage in the present intricate market. Government policies remain a major challenge for Crown since government decisions affect the daily running of business at Crown. These policies attempt to control how Crown should carry out its gambling services to a diverse range of consumers from different countries. For instance the government of China has been against excessive gambling and limiting gambling opportunities for Chinese citizens in their own country may prompt them to venture into gambling in other parts of the world such as Australia thus an increase in Crown Hotel and Casino business owing to its prestige and big image. In many organizations, political factor licensing plays a significant role in determining the success of Crown. According to Business review weekly: BRW, Casino is believed to raise 18% of Australiaââ¬â¢s $19 billion from gambling industr y alone (2001, p 2). However, it is essential to highlight on how they are run and regulated. In this regard, Crown Casino has gone under the radar since it focuses on gambling in pubs and clubs. It raises
Sunday, February 2, 2020
Employee relations and engagement Coursework Example | Topics and Well Written Essays - 3250 words
Employee relations and engagement - Coursework Example For a better evaluation of the subject matter, the study intends to analyze the strategies related to employee relations and engagement existing in the renowned pharmaceutical company Boots, located in the U.K. The modern business environment is laden with much complicity from the perspective of employee management. Globalization of business activities and interaction of human resource from various nations further complicates the approaches which managers are required to undertake for efficiently managing employees. Employee relations (ER) have therefore evolved as an important criterion so that employee productivity can be maintained. Employee relations are generally objected towards developing strategies which reduce employee issues, enhance morale and encourage good communication between superiors and subordinates. Such relations also aid towards ensuring that employees are retained within the firm for a longer durations. Often human resource managers engage themselves in developing strategies which facilitate developing successful employee relations. In many large firms, ER is often perceived as the process through which employees can be given information regarding long term objectives and policies of the firm. Employees are advised and guided in respect of their performance and conduct through such relations. Employee engagement (EE) is essentially the process of making the workforce of an organization to remain completely dedicated towards performance of duties. When employees are completely dedicated towards execution of tasks, there remains less extra time to focus upon other aspects such as gossiping or creating issues. The practice of EE is mostly undertaken so that employees are at all times productive. However if firms exert too much pressure upon employees it tends to impact organizational productivity negatively. EE is required to be implemented in an organization so as to enhance
Saturday, January 25, 2020
Iran :: essays research papers
The salat-the five obligatory daily prayers-is also known as the namez in Iran, India, and Turkey. These prayers are only performed after ritual bathing and take place before sunrise, at noon, in the mid-afternoon, immediately after sunset, and before midnight. Mainstream Shiites combine the noon and afternoon prayers and also the sunset and midnight prayers so that they need only pray three times a day. Praying in Islam is also associated with a specified set of postures, such as standing, bowing, and prostrating. The saum is a fast prescribed only for healthy, adult Muslims during the 30 days of Ramadan; the ninth month is the Islamic calendar. From dawn until dusk, no food, drink, or sexual relations are permitted. Ill individuals and nursing women are excused, but they are expected to make up for missing the fast at other times in the year when they are healthy again or no longer nursing. The zakat or alms tax is levied annually on the crops, livestock, precious metals, and cash of all those living above subsistence and whose debts do not exceed their assets. In theory it is to be collected on behalf of, and then distributed to, the poor. However, many Islamic leaders have collected the zakat to add to their royal treasuries. For this reason, the identity of the zakat collector and distributor has often been a mystery. Since the late Middle Ages (AD 476-1453), mainstream Shiites have had the tax collected by their jurists, legal scholars of Islamic law, who act according to their self-styled role as governors of the imam. The hajj is the ââ¬Å"greaterâ⬠of the two pilgrimages to Mecca required of all Muslims.
Thursday, January 16, 2020
Fin 370 Final Exam Study Guide
Week One: Introduction to Finance and Analysis Objective: Define basic financial terminology. 1. Which of the following reasons is most responsible for corporations being the most important form of business organization in the United States? 1. Corporations have limited life. 2. Stockholders have unlimited liability. 3. Corporations are subject to less government regulation than the other forms of business organization. 4. Corporations have the ability to raise larger sums of capital than the other forms of business organization. Objective: Explain how financial markets work in the United States. . Which of the following is NOT an advantage of a private placement (as compared to a public offering)? 1. Greater financing flexibility 2. Lower flotation costs 3. Lower interest costs 4. Quicker availability of funds Objective: Assess the role of ethics and compliance in the finance environment. 3. Which of the following is a characteristic of an efficient market? 1. Small number of indivi duals. 2. Opportunities exist for investors to profit from publicly available information. 3. Security prices reflect fair value of the firm. 4. Immediate response occurs for new public information.Objective: Evaluate financial performance using financial ratios. 4. Which of the following is included in the denominator of the times-interest-earned ratio? 1. Lease payments 2. Principal payments 3. Interest expense 4. Gross profit Week Two: Financial Planning Objective: Describe the relationship between strategic planning and financial planning. 5. Which of the following statements is true? 1. The future value of an annuity would be greater if funds are invested at the beginning of each period instead of at the end of each period. 2.An annuity is a series of equal payments that are made, or received, forever. 3. The effective annual rate (APR) of a loan is higher the less frequently payments are made. 4. The future value of an annuity would be greater if funds are invested at the end of each period rather than at the beginning of each period. Objective: Prepare a cash budget. 6. A company collects 60% of its sales during the month of the sale, 30% one month after the sale, and 10% two months after the sale. The company expects sales of $10,000 in August, $20,000 in September, $30,000 in October, and $40,000 in November.How much money is expected to be collected in October? 1. $25,000 2. $15,000 3. $35,000 4. None of the above Objective: Perform a break-even analysis. 7. Potential applications of the break-even model include: 1. replacement for time-adjusted capital budgeting techniques. 2. pricing policy. 3. optimizing the cash-marketable securities position of a firm. 4. none of these Objective: Calculate present value and future value of cash flows. 8. If you invest $750 every six months at 8% compounded semi-annually, how much would you accumulate at the end of 10 years? 1. $10,065 . $10,193 3. $22,334 4. $21,731 Week Three: Working Capital Management and Cap ital Budgeting Objective: Evaluate effective working capital management techniques. 9. According to the hedging principle, permanent assets should be financed with _______ liabilities. 1. permanent 2. spontaneous 3. current 4. fixed Objective: Evaluate alternative capital projects. 10. Consider a project with the following cash flows: After-Tax After-Tax Accounting Cash Flow Year Profits from Operations 1 $799 $ 750 $150 $1,000 3 $200 $1,200 Initial outlay = $1,500 Terminal cash flow = 0 Compute the profitability index if the companyââ¬â¢s discount rate is 10%. 1. 15. 8 2. 1. 61 3. 1. 81 4. 0. 62 Objective: Analyze risks associated with capital projects. 11. Aroma Candles, Inc. is evaluating a project with the following cash flows. Calculate the IRR of the project. (Round to the nearest whole percentage. ) Year Cash Flows 0 ($120,000) 1 $ 30,000 2 $ 70,000 3 $ 90,000 . 18% 2. 23% 3. 28% 4. 33% Objective: Identify the decision-making factors in lease versus buy. 12. A machine cost s $1,000, has a three-year life, and has an estimated salvage value of $100. It will generate after-tax annual cash flows (ACF) of $600 a year, starting next year. If your required rate of return for the project is 10%, what is the NPV of this investment? (Round your answerwer to the nearest $10. ) 1. $490 2. $570 3. $900 4. -$150 Week Four: Long-Term Financing Objective: Identify the impact of financing strategies on cost of capital. 13.When calculating the average cost of capital, which of the following has to be adjusted for taxes? 1. Common stock 2. Retained earnings 3. Debt 4. Preferred stock Objective: Calculate the weighted average cost of capital (WACC) of a firm. 14. Armadillo Mfg. Co. has a target capital structure of 50% debt and 50% equity. They are planning to invest in a project which will necessitate raising new capital. New debt will be issued at a before-tax yield of 12%, with a coupon rate of 10%. The equity will be provided by internally generated funds. No new ou tside equity will be issued.If the required rate of return on the firmââ¬â¢s stock is 15% and its marginal tax rate is 40%, compute the firmââ¬â¢s cost of capital. 1. 13. 5% 2. 12. 5% 3. 7. 2% 4. 11. 1% Objective: Compare and contrast initial public offering (IPO) and mergers & acquisitions growth strategies. 15. Lever Brothers has a debt ratio (debt to assets) of 60%. Management is wondering if its current capital structure is too aggressive. Lever Brothersââ¬â¢s present EBIT is $3 million, and profits available to common shareholders are $1,440,000, with 228,571 shares of common stock outstanding.If the firm were to instead have a debt ratio of 20%, reduced interest expense would cause profits available to stockholders to increase to $1,680,000, but 457,143 common shares would be outstanding. What is the difference in EPS at a debt ratio of 20% versus 60%? 1. $-1. 76 2. $-2. 63 3. $-3. 14 4. $-4. 37 Week Five: International Finance Objective: Describe the factors that con tribute to foreign exchange risk. 17. I. T. Canwait, Inc. , a U. S. -based multinational, has just sold cans to a Japanese company, I. C. Spots, Inc. Spots will pay for the order in 60 days. I. T. Canwait is now exposed to which kind of risk? 1.Transaction 2. Translation 3. Operating 4. Financial Objective: Compare and contrast methods to mitigate foreign exchange rate risk. 18. The rate that a subsidiary or parent of the multinational corporation charges other divisions of the firm for its products is called a(n): 1. forward price. 2. transaction price. 3. transfer price. 4. exchange price. Objective: Analyze the impact of globalization on financial decisions. 19. A wide bid/ask spread could indicate which of the following? 1. The presence of arbitrageurs 2. Large-volume transactions are taking place 3. Frequent trading of a currency 4. Infrequent trading of a currency
Wednesday, January 8, 2020
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