Dialectical Argument Essay Example | Topics and Well Written Essays - 1250 words

Rationalistic Argument - Essay Example I said that gradually, individuals should begin belittling free and open source programming projects with the goal that virtual products could be increasingly available to all, poor and rich individuals the same. . FOSS are progressively picking up prominence around the world. Rather than restrictive programming projects, all FOSS award clients the option to utilize, study, change, and improve programming plan through the accessibility of the source codes. Developers can utilize a specific programming with a specific capacity to fit into an increasingly thorough program the individual in question is structuring. Free, in this setting alludes to the opportunity to utilize or adjust the source and not to the cost of the product. Some FOSS are offered to customers. In any case, some product designers discharge their programming projects to the open totally for nothing out of pocket. The three programming projects I referenced are instances of the last mentioned. My companion anyway was not that strong of FOSS contrasted with me. In reasonableness to her, she explained that she was not against FOSS in essence. What she was against is parting with the product to the open for nothing out of pocket. She fears that such estimates removes impetuses for programming engineers to keep structuring virtual products. For her, this is adverse to the product sciences all in all. Being a humanism major, she additionally raised that as immediate results of work, for the most part that of developers, programming projects have trade esteem dependent on Marxs hypothesis of significant worth (Parry and Bloch). The trade esteem, she stated, was self-evident, as virtual products, be it restrictive or FOSS can be sold in the market. She fights that it was just uncalled for and nonsensical for programming designers to invest an energy into building up an item with business esteem and basically parting with it for nothing. To be sure, Anna raised legitimate concerns. The mission for benefit has in reality energized numerous individuals and organizations to make progresses in innovation. A long time back, kids have been roused by the media and their folks to mimic no doubt individuals like Bill

Reply to a letter + rationale Essay Example | Topics and Well Written Essays - 750 words

Answer to a letter + reason - Essay Example As you may know, this should handily be possible in the event that you check the expiry dates of the items you purchase while you are in the store itself, if the examples of what you blame are so uncontrolled. Since you have neglected to do both of these or to get the declaration of somebody whose character is reliable for the general population, you are doing nothing deceptive the individuals and tattling about an establishment of good notoriety for some ulterior thought process. I might want to bring up certain irregularities in your contention that Jawad is harming its clients so as to make a benefit. On the off chance that you were as much worried about the wellbeing of the individuals in your region, you would have attempted to take care of the issue when you discovered that the puff baked good you purchased during Ramadan had terminated a day prior. In any case, considering the way that you could have thought of this as an uncommon occurrence, one could fathom your potential re asons for not reacting. In any case, it remains the way that it would have been a perfect time to uncover the store’s concealed intentions (on the off chance that they existed) since you could undoubtedly have returned to the store (as a result of the store’s â€Å"proximity to your house†) and requested to check the staying twin puff baked good with the â€Å"special offer† for Ramadan. All things considered, the second time a comparable occurrence occurred could have been adequate enough to madden you. You ought to have reclaimed the nose splash, alongside its bill, to the drug store when you discovered that it had terminated two months prior. Rather, you just â€Å"tossed it in the trash†. Your admission this is another case of â€Å"more carelessness† is without a doubt a persuading one. Else, you could have checked the expiry date at the drug store itself, which clients generally do. Furthermore, your â€Å"strike three† occurren ce sounds even more inquisitive, since you don't make reference to when you discovered that the café you purchased lapsed in October. I find that your

Can Spanking Improve ADHD Behaviors

Can Spanking Improve ADHD Behaviors ADHD Parenting Print Can Spanking Improve ADHD Behaviors? By Keath Low Keath Low, MA, is a therapist and clinical scientist with the Carolina Institute for Developmental Disabilities at the University of North Carolina. She specializes in treatment of ADD/ADHD. Learn about our editorial policy Keath Low Medically reviewed by Medically reviewed by Steven Gans, MD on August 05, 2016 Steven Gans, MD is board-certified in psychiatry and is an active supervisor, teacher, and mentor at Massachusetts General Hospital. Learn about our Medical Review Board Steven Gans, MD Updated on August 04, 2019 ADHD Overview Symptoms Causes Diagnosis Treatment Living With In Children Sandro Di Carlo Darsa / Getty Images ADHD is a disorder that includes impulsivityâ€"that is, difficulty with limiting ones own behaviors. As a result, one of the most important skills your child needs is self-discipline. Self-discipline, of course, increases as a person maturesâ€"but it can be taught through modeling and practice. Can spanking help to teach self-discipline? The Problem with Spanking as a Form of Discipline for Children with ADHD Spanking is not a very effective parenting strategy for any child. It may stop the behavior at that moment, but it does not teach new skills or appropriate replacement behaviors to children. Spanking also models aggressive behavior as a solution and can lead to deterioration in the parent-child relationship. In most cases, it also does not stop the problematic behavior in the longer term, particularly for a child with ADHD who tends to live in the moment and has difficulty connecting behaviors to consequences. Can Negative Consequences Other Than Spanking Be Useful? Negative consequences certainly have their place in parenting children with ADHD. The most effective way to use these consequences, however, is in a calm and consistent manner and in a way that helps your child learn ways to change the inappropriate behavior. Spanking is effective in getting the child to comply immediately in the short term, but it does not promote positive and adaptive behaviors in the long run. Consequences such as removal of privileges, loss of special activity, and use of time-out have been shown to be more effective. For a child with ADHD who has difficulty with self-regulation, a proactive approach to discipline is most effective. This approach includes a structured, predictable environment, immediate and frequent feedback, shaping and rewarding appropriate behavior, and using incentives before consequences. How to Avoid Use of Spanking as a Consequence Children with ADHD can be very exasperatingâ€"they are highly active, dont seem to learn from mistakes, need frequent monitoring and redirection, are impulsive, reactive, demanding and temperamental, or have aggressive or destructive tendencies. This can evoke a wide range of feelings and frustrate even the most patient of parents. In some cases, parents may resort to spanking as a last-ditch effort especially when they feel a lack of power or control over how to manage the behaviors. If you find yourself in this situation, it can help to keep a disability perspective by understanding that your child has special needs. It can also help to remind yourself again and again not to personalize your child’s behaviors. Plan ahead about how you will deal with difficult situations, and when those incidents occur, take a long deep breathâ€"or three or fourâ€"before responding to your child. This delay can often help you think through and respond with a more effective parenting technique than a spank.

Essay on Computer Innovation - 1247 Words

Computers are changing the world as we know it, and they offer an exciting new way of working. The news represented a complete turnaround for the corporate giant. Microsoft Chairperson, Bill Gates publicly announced his companys new connection to the Internet. The announcement rang through the nation. Gates has consistently ignored the Internet in favor of desktop computing. So, with Microsofts approval, computers kicked into even higher gear . The pace of innovation continues to astonish even those involved from the start. If one wants to find enthusiasm, intellect, hard work, and imagination; then computers is the place to be . Computer engineers build and design computers and computer-related media†¦show more content†¦High-school students fill out college applications and submit them with a click of a mouse. There are chat rooms and news groups for everything imaginable. Books, watches, recordings, clothes, shoes, crafts and vacations are sold over Internet. Even churche s rage their members to log on for their latest news. Last year, new technology made it possible for millions of Internet users to listen to speeches or traditional radio programs on their computers. That is, thanks to RealAudio, a technology which converts radio into digital sound. If that werent enough, video broadcasts and video-conferencing are being done over the Internet rather than by traditional means . The newest versions of web browsers allow people all over the world to hold video-conferences and do other tasks simultaneously. Businesses worldwide have learned to take advantage of the technology and have begun to work 24 hours a day. Work started in the far east can be sent west and onward before the sun sets. As with any new industry, the first job holders gained the most advantage. In its beginning, computer engineering welcomed anyone who was smart and eager to learn. People taught themselves the skills needed to create web pages. They came to computer engineering with degrees in physics, English, marketing, biology, journalism, graphic design and maybe computer science. They might have had experience working in television production or as aShow MoreRelatedComputer Is The Best Innovation1834 Words   |  8 PagesComputers is the best innovation, which be connected from various perspectives fields such as mechanical, hardware, apply autonomy and so on. Machine helps individuals and make their life simpler and their movement more beneficial, however there has showed up an issue of the machine compulsion or reliance, particularly among the youngsters. Computers are advantageous gadgets that a considerable lot of us utilize every day. Computers plays vital role of our lives, permitting us to telecommute, stayRead MoreEssay on Computer Science: Key for Modern Day Innovation985 Words   |  4 Pagesof innovation is said to be approaching an all-tome low point similar to the Dark Ages, that is, zero. However, there is a large border between innovation in the past and innovation today. This is because major branches of technology have already been discovered. One example of a major branch of technology is ICT. Consequently, Computer Science and the Internet could revolutionize the modern world and make tasks, known as difficult beforehand, simpler and could potentially increase innovation rateRead MoreWearable Computers Are The Greatest Innovation Of Science1171 Words   |  5 Pages Wearable Computers Wearable computers are one of the greatest innovation of science. Wearable computers are also called body-borne computers. It can be fitted on wrist, eyes or under the clothes. Its aim is to measure the human movements. When wearable computer attached to human body it records the experience faced by a human. Wearable computer s main features are consistency and ability to multi task. It starts in 1800s, timepiece the first wearable was made byRead MoreInnovation and Changes1014 Words   |  5 PagesNow a day, innovation and change is very important for organizations. Innovation and change are applied in many companies in the world. Innovation is a successful implementation of creative ideas in organization to improve products and services. Change is a difference in the form, quality or condition of an organization over time (Williams amp; McWilliams 2010). The purpose of this essay is to explain us the compare (differences) and contrast (similarities) between innovation and change. This isRead MorePositive and Negative Impacts of the Internet on Education.1634 Words   |  7 Pagesthere are as many definitions of innovation as the number of supposed experts on the field around the world. Reading through my books and papers, though, I realized that I had no comprehensive list of the many definitions I have ever being in contact with, therefore I decided to create one. First of all, here is my own definition of innovation: â€Å"invention refers to new concepts or products that derive from individual’s ideas or from scientific research. Innovation, on the other hand, is the commercializationRead MoreTechnology And Society : Technology888 Words   |  4 Pagesillustrate both how technology shapes culture and society and how society can affect future technology. This can be seen by examining a few of the major technological innovations in human history followed by a look at a new technology and how it may shape future society. The Microwave One of the most life changing technological innovations is the microwave oven. Invented by accident in 1946 by Dr. Percy LeBaron Spencer, the microwave oven was originally received poorly like many other new forms of technologyRead MoreHow Electricity And Telephone Changed The Way Of Communication907 Words   |  4 Pagesany privacy â€Å"That intimate family secrets would be displayed to the world by new instruments of communication was posed a series of uncomfortable dilemma.† (Marvin, 1988, p.68) I can relate to this because this is similar to the telephone, and computer privacy issues we face today. The author discusses in a great length how women played a key role in using the telephone more than men. Women used the phone for gossip, finding a husband, plan family activities, and entertainment purposes. TheRead MoreTechnology in Life775 Words   |  3 Pagessituation negative effects for work and its make more negative effects for health. Entitled the future of technology in Oman: where from here? KOMs final seminar of the year will be delivered by professor Thomas Anderson ,senior, technology and innovation policy at the newly-launched research council. never before in history has there been so fast and potentially change in the way human beings communicate, collaborate and organize their working life, and this is all due to the progressing developmentRead MoreAnalysis Of The External Environment Of Business Essay1595 Words   |  7 Pagesgoods and services. Further it indicates how technological developments are relevant to public relations. Technology refers to the organisation of production as well as the actual techniques of production itself. Investment in technology and innovation is frequently seen as a key to the success of an enterprise and has been used to explain differences in the relative competitiveness of different countries. As Worthington and Britton point out: ‘the development of quartz watches, which allowedRead MoreEffects Of Internet Addiction On Children And Adolescents1682 Words   |  7 Pagesmaturity, when that technology is the norm. Already It offers no advantage because all have it but can offer some significant value for years or decades until it is replaced by the following new technology. This is characteristic of any technological innovation. In education, technology is dramatically changing the way people learn, but human nature will never change and the need to give children and youth a moral and education. Progress has made us see that now people do not progress by what you have

The Communist Manifesto By Karl Marx And Friedrich Engels...

â€Å"The Communist Manifesto† – the work of Karl Marx and Friedrich Engels was published on February 21, 1848. This book is the first document of scientific communism and the first program of the international communist organizations and parties. It is the most systematic work of all thoughts and great teachings of Karl Marx and Friedrich Engels. â€Å"The Communist Manifesto† consists of the main statements of the materialistic conception of history, the impartial laws of social development, the laws of the transition from one mode of production to another. The work describes the history of all hitherto existing class society as the history of class struggles. â€Å"The Communist Manifesto† provides a brilliant analysis of the characteristics of capitalism, the rapid development of the productive forces and the emergence of widespread machine production conditions. With great strength and depth, â€Å"The Communist Manifesto† analyzes the antagoni stic contradictions essential in capitalism, and justify the inevitability of its collapse. Both Karl Marx and Friedrich Engels argue that history of class struggle is concentrated between the bourgeoisie, or owners (oppressors), and the proletariat, or workers (oppressed). The bourgeoisie has to do their best in order to succeed. They must build a great variety of new cities and promote various products. However, the most significant part of their activity is to preserve cheaper goods, whereas expelling a lot of workers to see a gradual rise inShow MoreRelatedThe Communist Manifesto By Karl Marx And Friedrich Engels1746 Words   |  7 Pagesdrawn on what the government can do that is acceptable. Niccolo Machiavelli wrote The Prince, in which he argues that people are naturally immoral and will do what they can, whether good or bad, to maintain well-liked. In The Communist Manifesto by Karl Marx and Friedrich Engels, the main argument is that humans are rational and would be able to govern themselves as a result of have one single class. When thoroughly analyzing each of t he political works, it is clear that the main motivating factorsRead MoreThe Communist Manifesto By Karl Marx And Friedrich Engels1255 Words   |  6 PagesThe Communist Manifesto was written by Karl Marx and Friedrich Engels to begin explaining Communism and its goals. The Manifesto suggests that history acts according to what is called â€Å"class struggle.† The â€Å"means of production† are what truly defines the class relationships according to Marx and Engels (Marx 2002). Inevitably, the classes conflict and become hostile, no longer moving fluidly (Spalding 2000). The Manifesto states that this conflict becomes so severe that it eventually becomes a revolutionRead MoreThe Communist Manifesto By Karl Marx And Friedrich Engels2286 Words   |  10 PagesIn 1847, a group of radical workers who were called the â€Å"Communist League† met in London. During this meeting, Karl Marx and Friedrich Engels were commissioned to write a manifesto which soon became kn own as the Communist Manifesto. â€Å"A road map to history’s most important political document.† These words on the cover of one of the books newest editions to The Communist Manifesto represents that this document has been translated into many different form; this particular remake was meant for all levelsRead MoreThe Communist Manifesto By Karl Marx And Friedrich Engels831 Words   |  4 PagesNovember 4, 2015 COMM 8200 Analysis of The Communist Manifesto A spectre is haunting Europe--the spectre of Communism. The Communist Manifesto reflects an attempt by Karl Marx and Friedrich Engels to explain the goals of Communism, as well as the theory behind the movement. Marx sees all of Europe allied against the idea of communism and consistently demonizes it and its followers. This caused the Communists to assemble in London and create this Manifesto in order to make their views public and clarifiedRead MoreThe Communist Manifesto, By Karl Marx And Friedrich Engels Essay 1664 Words   |  7 PagesThe Communist Manifesto The Communist Manifesto was drafted under the commission of the Communist League, a body that consisted of a group of radical workers who were disgruntled by the abject poverty of the working class in industrialized Europe. Karl Marx and Friedrich Engels, the authors of the Communist Manifesto, lived at a time when the gap between the rich and the poor was becoming evidently wide, and the working class was struggling to survive. The Communist Manifesto is a result of contextRead MoreThe Communist Manifesto, By Karl Marx And Friedrich Engels1000 Words   |  4 Pagesis the history of class struggles† (Marx). In the year 1848, Karl Marx and Friedrich Engels decided to publish a manifesto after sitting down and sharing ideas for a period of time. Today, that piece of writing is known as The Communist Manifesto. In this book, Marx, the principal author stated that escaping from alienation required a revolution. That was the only possible way in which a political as well as a socia l change could have been seen. Therefore, Marx’ theory implied the use of violenceRead MoreThe Communist Manifesto By Karl Marx And Friedrich Engels835 Words   |  4 Pages The Communist Manifesto is written by Karl Marx and Friedrich Engels which was published by a group of German born revolutionary socialists known as the Communist League. The main idea in this book is define the goals and theory of Communism. It explains how classes affect one another as well. This book consists of four different chapters which display Marx’s approach on Communism in different circumstances. This book is about Marx’s perspective on Communism, its effects, how it is criticized,Read MoreThe Communist Manifesto By Karl Marx And Friedrich Engels1212 Words   |  5 PagesThe history of all hithero existing society is the history of class struggle. (Marx Engels 1848). This statement establishes the setting for the Communist Manifesto written by Karl Marx and Friedrich Engels. A bold proclamation, the Communist Manifesto set the stage at the time for illustrating, so distinctly, a prolonged tension between two opposing and intertwined classes of a capitalis tic economy. Still resonating in contemporary society, class struggle, especially between these two classesRead MoreEssay The Communist Manifesto by Karl Marx and Friedrich Engels958 Words   |  4 PagesThe Communist Manifesto by Karl Marx and Friedrich Engels The Communist Manifesto, written by Karl Marx and Friedrich Engels, outlines how a society should be run under communism. The document provides truths to what is wrong with society; what causes these wrongs; how they can be fixed; and how this relates to humans and nature. Marx was a political philosopher of German ancestry. Marx and Engels split the document up into four sections: Section 1: Bourgeois and Proletarians, section 2:Read MoreManifesto Of The Communist Party, Karl Marx And Friedrich Engels927 Words   |  4 Pages In Manifesto of the Communist Party, Karl Marx and Friedrich Engels outline the issues associated with the division of society into two groups: the bourgeoisie and the proletariat. The bourgeoisie is a group that encompasses modern capitalists. The proletariat group pertains to the modern working class. While these two groups appear in today’s world, the authors make it evident that all throughout history there has been a division in society between oppressors and oppressed. They mention that in The Communist Manifesto By Karl Marx And Friedrich Engels... The publication of â€Å"The Communist Manifesto† - in which Marxism first appeared as an influential political worldview - was a significant historical event. The book was published by Karl Marx and Friedrich Engels on the eve of the revolution of 1848-1849. â€Å"The Communist Manifesto† is considered as an important programmatic document of scientific communism. The book shows the depressed position of the proletariat in bourgeois society and opened a world-historical mission of the working class. Class struggle had a special meaning in Marxism. From the first paragraphs of â€Å"The Communist Manifesto†, it is understandable that the whole history of the world consists of class struggles. From the viewpoint of Marx and Engels, class struggle will always be everywhere, in every society, where antagonistic classes exist. Marxists believe that the class struggle develops in three main ways: 1. Economic – proletariat struggles for the improvements of the conditions of their labor, the reduction of working hours, and higher wages. 2. Political – proletarian class struggles for its interests and for the dictatorship of its class. 3. Ideological – struggles against bourgeois and their ideology, which contributes a socialist consciousness in the working class. The main achievement of the bourgeois was that it â€Å"has agglomerated population, centralized means of production and has concentrated property in a few hands†(Marx and Engels 1848:12). So, the power was in bourgeoisies’ hands. TheyShow MoreRelated Karl Marx and His Radical Views Essay1169 Words   |  5 PagesKarl Marx and His Radical Views Karl Marx[i] Karl Marx is among the most important and influential of all modern philosophers who expressed his ideas on humans in nature. According to the University of Dayton, â€Å"the human person is part of a larger history of life on this planet. Through technology humans have the power to have an immense effect on that life.†[ii] The people of his time found that the impact of the Industrial Revolution would further man’s success within thisRead MoreThe Communist Manifesto, By Karl Marx And Friedrich Engels Essay1664 Words   |  7 PagesThe Communist Manifesto The Communist Manifesto was drafted under the commission of the Communist League, a body that consisted of a group of radical workers who were disgruntled by the abject poverty of the working class in industrialized Europe. Karl Marx and Friedrich Engels, the authors of the Communist Manifesto, lived at a time when the gap between the rich and the poor was becoming evidently wide, and the working class was struggling to survive. The Communist Manifesto is a result of contextRead MoreAnalysis Of Karl Marx And The Communist Manifesto1618 Words   |  7 Pages Opening with the famous statement â€Å"The history of all hitherto existing society is the history of class struggles† is Karl Marx and Friedrich Engels’ The Communist Manifesto. Published in 1848, the political pamphlet exercised the belief that communism would dispel capitalism and perpetual class struggles caused by the bourgeoisie, which had remained unchanged as modes of production evolved. Stemming from its o rigin â€Å"common,† communism proposes the idea of a post-capitalist, classless society whereRead MoreAnalysis Of Karl Marx And The Communist Manifesto1898 Words   |  8 Pages Opening famously with â€Å"the history of all hitherto existing society is the history of class struggles† is Karl Marx and Friedrich Engels’ The Communist Manifesto. Published in 1848, the political pamphlet exercised the belief that communism would dispel capitalism and perpetual class struggles caused by the bourgeoisie, which had remained unchanged as modes of production evolved. Stemming from its origin â€Å"common,† communism proposes the idea of a post-capitalist, classless society where all propertyRead MoreLenin13422 Words   |  54 PagesSocial Democratic Labour Party Russian Communist Party (bolsheviks) | Spouse(s) | Nadezhda Krupskaya (married 1898–1924) | Profession | Lawyer, revolutionary, politician | Religion | None (atheist) | Signature | | Vladimir Ilyich Lenin (Russian: Ð’Ð »Ã °Ã ´Ã ¸Ã ¼Ã ¸Ã'€ ИÐ »Ã'Å'Ð ¸Ã'‡ ЛÐ µÃ ½Ã ¸Ã ½, IPA:  [vlÉ Ã‹Ë†dÊ ²imÊ ²Ã‰ ªr É ªlÊ ²Ã‹Ë†jitÍ ¡Ã‰â€¢ ˈlÊ ²enÊ ²Ã‰ ªn]  ( listen); born Vladimir Ilyich Ulyanov, Russian: Ð’Ð »Ã °Ã ´Ã ¸Ã ¼Ã ¸Ã'€ ИÐ »Ã'Å'Ð ¸Ã'‡ Ð £Ã »Ã'Å'Ã' Ã ½Ã ¾Ã ²; 22 April  [O.S. 10 April]  1870  Ã¢â‚¬â€œ 21 January 1924) was a Russian communist revolutionary, politician and political

Fin 202- Group Assignment Free Essays

â€Å" p c l h n t Ms h m Le H S ei t a k o . a i a a P n frh ligu t d t i po c† o e n s o o hs rj t p e Table of content: Excutive Summary: †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. We will write a custom essay sample on Fin 202- Group Assignment or any similar topic only for you Order Now P. 3 Business Plan:†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. P. 3 Vision:†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. P. 3 Main Services:†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦P. 3 Evaluating the market:†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. P. 4 Financial Plan:†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. P. 5 Initial Investment:†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. P. 5 Interest Payment:†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦P. 6 Wages Payment: †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦P. 6 Variable cost:†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. P. 7 Fixed cost per year for Selling and Admin activities:†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. P. 7 Expected number of customers:†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. P. 7 Total expense:†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. P. 8 Price of each services:†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦P. 8 Revenue Plan:†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ P. Profit Loss Plan:†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. P. 9 Break even for each year:†¦Ã¢â‚¬ ¦P. 9 Cash flow Analysis:†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. P. 10 Conclusion:†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. P. 10 Reference:†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. P. 11 Excutive summary: In order to bring customers a new service, especially for the female customers, our group decided to bring a new project- call Cake Paradise. Nowadays, need of making a handmade cake or chocolate of female customers for their lovers, friends or families is very high but not everyone has enough money to buy for herself an expensive oven or cake cooking tools. Our project is created to solve this problems. We provide a service for customer to hire our kitchen with full machines tools of cake cooking to made a cake or chocolate. We also provides ingridiants in Shop of cake ingridients in 1st floor and Class of learning how to make a cake 2 times/week. With this advantages and professional of this service, we believe we will achieve the highest expectation from customer. To be the first company provide service in hiring Cake making machines and Tools, Cake paradise have high grow rate and fullfill the need of customers about the cake making-which means profitable and deserve to be invested. Business plan: Vision: Customers Focus High quality services Grown up by 100% in the first 5 years Making profits since 2nd or 3rd year operating Main Services: 1st Floor: Shop of Cake ‘ingridientswhere you can find any kinds of cake ingridients and tools. 2nd 3rd Floor: Cake paradise’s Kitchen – for hiring with fullfill cake making ‘s equipment and tools. It is call DIY service- With VND120,000 for 3 hours, you will have full of cake making equipment and tools to make your ideal cake for your lovers. Every Friday and Sunday, we have classes of making cake, which are teached by cookers who are very experienced in making cakes- With VND400,000 for a 4-hour class, you will learn to make 3 kinds of delicious cakes or chocolate in the world, it is a best price for any learners. Evaluating Market: Instead of going to a cake shop and buy for the lovers or family, friends a cake, recently, many girls and women want to make for her relatives a cake by herself. This gift is unique and more meaningful to her relatives and in other way, it prove the womenliness and caringful of who made it. It now creates a trend not only in making cake but also in making handmade stuffs. We notice that there is a lack for cake handmade market. We can easily find handmake ‘s materitals and tools in the market as paper, stuff,†¦.. with a quite cheap price. But in making cake, the ingridients, especially the cake making equipments are very expensive. Not everyone has enough money to buy for herself a expensive oven or cooking tools. When in the market, there are many suppliers provides for other handmade things but there aren’t a supplier which provide hiring cake making machine tools although the demand of it is very high. Seeing this, our group decided to bring Cake paradise service to customer. Financial Plan: Innital Investment: We plan the project will be implemented in 5 years For the long-term assets, time for full depreciation is 5 years. No. Tool Equipment Capital Expense 1st Floor -Shop for Cake’s ingridients Good shelf Refrigerator Table Electronic Cash Regristor Cost of Installment Decoration 2nd 3rd Floor- Place for DIY and Learning Kitchen cupboard Oven Refrigerator Hand-mixer Blender Gas cooker Fan Table Cost of Installment Decoration 4th Floor -Office Destop PC Phones Printer Office Table and chairs Cost of Installment Decoration Working capital for the zero year Uniform for Staff Training course for staff Tools for the kitchen Tools for the office Cash INITAL INVESTMENT Quantity Cost per Unit Total Cost 148,500,000 17,800,000 4,800,000 3,500,000 1,000,000 3,500,000 5,000,000 99,900,000 30,000,000 18,000,000 26,000,000 2,800,000 1,100,000 4,000,000 4,000,000 4,000,000 10,000,000 30,800,000 20,000,000 800,000 3,000,000 5,000,000 2,000,000 45,000,000 2,000,000 3,000,000 5,000,000 5,000,000 30,000,000 193,500,000 29,700,000 1 1 1 600,000 3,500,000 1,000,000 3,500,000 5,000,000 15,000,000 3,000,000 13,000,000 700,000 550,000 2,000,000 1,000,000 1,000,000 10,000,000 10,000,000 800,000 3,000,000 1,000,000 2,000,000 200,000 500,000 TOTAL DEPRECITAION 2 6 2 4 2 2 4 4 2 1 1 5 10 6 Interest Payment: Year Quarter 1 I II III IV 2 I II III IV 3 I II III IV 4 I II III IV 5 I II III IV INTEREST PAYMENTS (VND) Beginning Balance Principal Payment Interest Payment Total Payment Total Payment/Year Ending Balance 80,000,000 4,000,000 2,400,000 6,400,000 24,880,000 76,000,000 76,000,000 4,000,000 2,280,000 6,280,000 72,000,000 72,000,000 4,000,000 2,160,000 6,160,000 68,000,000 68,000,000 4,000,000 2,040,000 6,040,000 64,000,000 64,000,000 4,000,000 1,920,000 5,920,000 22,960,000 60,000,000 60,000,000 4,000,000 1,800,000 5,800,000 56,000,000 56,000,000 4,000,000 1,680,000 5,680,000 52,000,000 52,000,000 4,000,000 1,560,000 5,560,000 48,000,000 48,000,000 4,000,000 1,440,000 5,440,000 21,040,000 44,000,000 44,000,000 4,000,000 1,320,000 5,320,000 40,000,000 40,000,000 4,000,000 1,200,000 5,200,000 36,000,000 36,000,000 4,000,000 1,080,000 5,080,000 32,000,000 32,000,000 4,000,000 960,000 4,960,000 19,120,000 28,000,000 28,000,000 4,000,000 840,000 4,840,000 24,000,000 24,000,000 4,000,000 720,000 4,720,000 20,000,000 20,000,000 4,000,000 600,000 4,600,000 16,000,00 0 16,000,000 4,000,000 480,000 4,480,000 17,200,000 12,000,000 12,000,000 4,000,000 360,000 4,360,000 8,000,000 8,000,000 4,000,000 240,000 4,240,000 4,000,000 4,000,000 4,000,000 120,000 4,120,000 Notes: Debt of VND80,000,000 from bank, maturity of 5 years, interest rate 12% Interest is paid in from the first month, principal payment is incurred once a quarter Wages payment: Job title 1 Director 2 Secretary 3 Accountant 4 Sales Assistant 5 Cooking teacher 6 Securities Total Quantity 1 1 1 6 2 2 WAGE PAYMENTS (VND) Year 1 Year 2 72,000,000 75,600,000 42,000,000 44,100,000 48,000,000 50,400,000 144,000,000 151,200,000 96,000,000 100,800,000 48,000,000 50,400,000 450,000,000 472,500,000 Year 3 79,380,000 46,305,000 52,920,000 158,760,000 105,840,000 52,920,000 496,125,000 Year 4 83,349,000 48,620,250 55,566,000 166,698,000 111,132,000 55,566,000 520,931,250 Year 5 87,516,450 51,051,263 58,344,300 175,032,900 116,688,600 58,344,300 546,977,813 Notes: 1. Wages of Director, Secretary, Accountant, Sales Assistant, Securities are included in Selling and Admin Fixed expense each year 2. Wages of cooking teacher is included as Direct Labor for Learning Services 3. Wages growth rate is 5% each year Variable cost: We have three services in this project, in general, to estimate the variable cost, we estimate the variable cost beyond the number of customers we service. Services Included Shopping DIY Learning Bag Tool packgage 1 Tools package 2 Ingridients Using CP’s kitchen Using CP’s tools Teacher Services Included Bag Tool package 1 Tool package 2 Ingridients Using CP’s kitchen (gas, water, electricity cost,†¦) Using CP’s kitchen ‘s tools Teacher Total VARIABLE COST PER CUSTOMER Shopping DIY 500 3,500 Learning 500 3,500 15,000 3,000 10,000 500 3,500 15,000 50,000 3,000 10,000 50,000 132,000 4,000 32,000 Fixed cost per year for Selling and Admin activities: FIXED COST PER YEAR FOR ADMINSTRATIVE SELLING ACTIVITIES Detail Per month Per year Internet bill 250,000 3,000,000 Electricity bill 1,500,000 18,000,000 Water bill 200,000 2,400,000 Phoning bill 200,000 2,400,000 Advertising exp 6,000,000 Other exp 1,000,000 12,000,000 43,800,000 Expected number of customers: year 1 Shopping DIY Learning Total EXPECTED NUMBER OF CUSTOMER year 2 year 3 year 4 3500 4550 5460 2920 3796 4555 768 998 1198. 1 7,188 9,344 11,213 year 5 5733 4783 1258 11,774 6020 5022 1321 12,363 We assume that because this is a new services which haven’t existed in the market so it will have a numerous of customers The growth rate will be 30%, 10% and 5% for the year of 2, 3, 4 and 5 respectively , after the services enter the market. Total expense: Year 0 Total Variable costs Shopping DIY Learning Total Fixed costs Wages Depreciation House Renting Fixed cost of selling and admin Intersest payment Total cost TOTAL EXPENSE Year 1 Year 2 Year 3 Year 4 Year 5 208,816,000 271,460,800 325,752,960 342,040,608 14,000,000 18,200,000 21,840,000 22,932,000 93,440,000 121,472,000 145,766,400 153,054,720 101,376,000 131,788,800 158,146,560 166,053,888 512,380,000 354,000,000 29,700,000 60,000,000 43,800,000 24,880,000 721,196,000 528,160,000 371,700,000 29,700,000 60,000,000 43,800,000 22,960,000 799,620,800 544,825,000 390,285,000 29,700,000 60,000,000 43,800,000 21,040,000 870,577,960 562,419,250 409,799,250 29,700,000 60,000,000 43,800,000 19,120,000 904,459,858 359,142,638 24,078,600 160,707,456 174,356,582 580,989,213 430,289,213 29,700,000 60,000,000 43,800,000 17,200,000 940,131,851 Price of each services: Customer Year 1 Shopping DIY Learning Year 2 Shopping DIY Learning Year 3 Shopping DIY Learning Year 4 Shopping DIY Learning Year 5 Shopping DIY Learning 3,500 2,920 768 4,550 3,796 998 5,460 4,555 1,198 5,733 4,783 1,258 6,020 5,022 1,321 Variable Cost 14,000,000 93,440,000 101,376,000 18,200,000 121,472,000 131,788,800 21,840,000 145,766,400 158,146,560 22,932,000 153,054,720 166,053,888 24,078,600 160,707,456 174,356,582 Fixed cost Toatal cost Cost per customer Average cost in 5 year 512,380,000 51,238,000 65,238,000 18,639 15,138 230,571,000 324,011,000 110,963 92,074 230,571,000 331,947,000 432,223 360,406 528,160,000 52,816,000 71,016,000 15,608 237,672,000 359,144,000 94,611 237,672,000 369,460,800 370,053 544,825,000 54,482,500 76,322,500 13,978 245,171,250 390,937,650 85,822 245,171,250 403,317,810 336,637 562,419,250 56,241,925 79,173,925 13,810 253,088,663 406,143,383 84,915 253,088,663 419,142,551 333,186 580,989,213 58,098,921 82,177,521 13,652 261,445,146 422,152,602 84 ,059 261,445,146 435,801,728 329,932 Shopping DIY Learning Original Cost plus 1% Final Price Note: We calculate the total cost of a service and base on it to estimate the price 15,289 17,000 For the Shopping services, the price is the average profit we gain from each shopping bill 92,995 120,000Assume that the shop don’t have inventory because the goods are directly taken from agent 364,010 400,000 Revenue Plan: Year 0 Shopping Customer Profit/bill DIY Customer Price Learning Customer Price Total Growth rate of revenue (%) Year 1 EXPECTED REVENUE Year 2 Year 3 Year 4 Year 5 59,500,000 77,350,000 92,820,000 97,461,000 102,334,050 3,500 4,550 5,460 5,733 6,020 17,000 17,000 17,000 17,000 17,000 350,400,000 455,520,000 546,624,000 573,955,200 602,652,960 2,920 3,796 4,555 4,783 5,022 120,000 120,000 120,000 120,000 120,000 307,200,000 399,360,000 479,232,000 503,193,600 528,353,280 768 998 1,198 1,258 1,321 400,000 400,000 400,000 400,000 400,000 717,100,000 932,230,000 1,118,676,000 1,174,609,800 1,233,340,290 30 20 5 5 Because this is a completely new services, so after the first year, the number of customers increase sharply in the 2nd and 3rd year, but in the 4th and 5th year when Cake paradise (C has the competitor, ( who enter the market to join this segment), the growth rate of CP increase slightly at 5%. Profit Loss Plan: Year 1 Revenue Variable Cost Contribute Margin Fixed Cost Earning before Tax Tax Earning after tax PROFIT AND LOSS PLAN Year 2 Year 3 Year 4 Year 5 717,100,000 932,230,000 1,118,676,000 1,174,609,800 1,233,340,290 208,816,000 271,460,800 325,752,960 342,040,608 359,142,638 508,284,000 660,769,200 792,923,040 832,569,192 874,197,652 512,380,000 528,160,000 544,825,000 562,419,250 580,989,213 (4,096,000) 132,609,200 248,098,040 270,149,942 293,208,439 28% 28% 28% 28% 28% (4,096,000) 95,478,624 178,630,589 194,507,958 211,110,076 We can see that in the first year, because this is a new service and it needs time for the customers to know and have the habit to use this service, so the earning after tax for the first year is negative. After the first year,the number of customers who know and use Cake Paradise service increase (beyond word of mouth), the earning after tax for the 2nd, 3rd, 4th, 5th increase sharply. Break even for each year: Year 1 CM CM unit CM Ratio Break even point Break even revenue Safety of margin 508,284,000 70712. 9 0. 7088 7,246 722,878,741 (5,778,741) BREAK EVEN Year 2 Year 3 Year 4 Year 5 660,769,200 792,923,040 832,569,192 874,197,652 70712. 9 70712. 9 70712. 9 70712. 9 0. 7088 0. 7088 0. 7088 0. 7088 7,469 7,705 7,954 8,216 745,141,567 768,652,973 793,475,388 819,674,364 187,088,433 350,023,027 381,134,412 413,665,926 Cash flow: We have, cost of capital was calculated by WACC assumption: ( ( ) ) Year 0 Revenue Operating Expense EBITDA DA EBIT (1- Tax) NOPAT CFOP Capital expense Working capital Add W. C Free Cash flow Payback Period Cost of capital NPV IRR MIRR CASH FLOW Year 1 Year 2 Year 3 Year 4 Year 5 717,100,000 932,230,000 1,118,676,000 1,174,609,800 1,233,340,290 691,496,000 769,920,800 840,877,960 874,759,858 910,431,851 25,604,000 162,309,200 277,798,040 299,849,942 322,908,439 29,700,000 29,700,000 29,700,000 29,700,000 29,700,000 (4,096,000) 132,609,200 248,098,040 270,149,942 293,208,439 0. 72 0. 72 0. 72 0. 72 0. 72 (4,096,000) 95,478,624 178,630,589 194,507,958 211,110,076 25,604,000 125,178,624 208,330,589 224,207,958 240,810,076 (148,500,000) (45,000,000) (193,500,000) 2. 5 15. 30% 277,726,609 54% 30. 39% (45,000,000) 25,604,000 (58,500,000) (13,500,000) 111,678,624 (70,200,000) (11,700,000) 196,630,589 (73,710,000) (3,510,000) 220,697,958 (77,395,500) (3,685,500) 314,520,076 The Payback Period is: Conclusion: 1. 2. 3. 4. The project completely has the ability of reaching the break-even point from the first year. Payback period is nearly 2. 5 years, a very appropriate period in the whole process of 5 years. NPV is a positive numbers and IRR is at 54%, much more higher than the cost of capital. MIRR is at 30. 39%, a high figure. ? Although the initial investment is quite small, all the figures above have proved that this project is profitable and promises to bring high profit. Reference: Fundamental of corporate financial Book Vatgia. vn Kitchenart. wordpress. com Nguyenkim. vn â€Å"Special thank to Ms. Pham Lien Ha to helps us to do this project† How to cite Fin 202- Group Assignment, Papers Fin 202- Group Assignment Free Essays â€Å" p c l h n t Ms h m Le H S ei t a k o . a i a a P n frh ligu t d t i po c† o e n s o o hs rj t p e Table of content: Excutive Summary: †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. We will write a custom essay sample on Fin 202- Group Assignment or any similar topic only for you Order Now P. 3 Business Plan:†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. P. 3 Vision:†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. P. 3 Main Services:†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦P. 3 Evaluating the market:†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. P. 4 Financial Plan:†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. P. 5 Initial Investment:†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. P. 5 Interest Payment:†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦P. 6 Wages Payment: †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦P. 6 Variable cost:†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. P. 7 Fixed cost per year for Selling and Admin activities:†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. P. 7 Expected number of customers:†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. P. 7 Total expense:†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. P. 8 Price of each services:†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦P. 8 Revenue Plan:†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ P. Profit Loss Plan:†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. P. 9 Break even for each year:†¦Ã¢â‚¬ ¦P. 9 Cash flow Analysis:†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. P. 10 Conclusion:†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. P. 10 Reference:†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. P. 11 Excutive summary: In order to bring customers a new service, especially for the female customers, our group decided to bring a new project- call Cake Paradise. Nowadays, need of making a handmade cake or chocolate of female customers for their lovers, friends or families is very high but not everyone has enough money to buy for herself an expensive oven or cake cooking tools. Our project is created to solve this problems. We provide a service for customer to hire our kitchen with full machines tools of cake cooking to made a cake or chocolate. We also provides ingridiants in Shop of cake ingridients in 1st floor and Class of learning how to make a cake 2 times/week. With this advantages and professional of this service, we believe we will achieve the highest expectation from customer. To be the first company provide service in hiring Cake making machines and Tools, Cake paradise have high grow rate and fullfill the need of customers about the cake making-which means profitable and deserve to be invested. Business plan: Vision: Customers Focus High quality services Grown up by 100% in the first 5 years Making profits since 2nd or 3rd year operating Main Services: 1st Floor: Shop of Cake ‘ingridientswhere you can find any kinds of cake ingridients and tools. 2nd 3rd Floor: Cake paradise’s Kitchen – for hiring with fullfill cake making ‘s equipment and tools. It is call DIY service- With VND120,000 for 3 hours, you will have full of cake making equipment and tools to make your ideal cake for your lovers. Every Friday and Sunday, we have classes of making cake, which are teached by cookers who are very experienced in making cakes- With VND400,000 for a 4-hour class, you will learn to make 3 kinds of delicious cakes or chocolate in the world, it is a best price for any learners. Evaluating Market: Instead of going to a cake shop and buy for the lovers or family, friends a cake, recently, many girls and women want to make for her relatives a cake by herself. This gift is unique and more meaningful to her relatives and in other way, it prove the womenliness and caringful of who made it. It now creates a trend not only in making cake but also in making handmade stuffs. We notice that there is a lack for cake handmade market. We can easily find handmake ‘s materitals and tools in the market as paper, stuff,†¦.. with a quite cheap price. But in making cake, the ingridients, especially the cake making equipments are very expensive. Not everyone has enough money to buy for herself a expensive oven or cooking tools. When in the market, there are many suppliers provides for other handmade things but there aren’t a supplier which provide hiring cake making machine tools although the demand of it is very high. Seeing this, our group decided to bring Cake paradise service to customer. Financial Plan: Innital Investment: We plan the project will be implemented in 5 years For the long-term assets, time for full depreciation is 5 years. No. Tool Equipment Capital Expense 1st Floor -Shop for Cake’s ingridients Good shelf Refrigerator Table Electronic Cash Regristor Cost of Installment Decoration 2nd 3rd Floor- Place for DIY and Learning Kitchen cupboard Oven Refrigerator Hand-mixer Blender Gas cooker Fan Table Cost of Installment Decoration 4th Floor -Office Destop PC Phones Printer Office Table and chairs Cost of Installment Decoration Working capital for the zero year Uniform for Staff Training course for staff Tools for the kitchen Tools for the office Cash INITAL INVESTMENT Quantity Cost per Unit Total Cost 148,500,000 17,800,000 4,800,000 3,500,000 1,000,000 3,500,000 5,000,000 99,900,000 30,000,000 18,000,000 26,000,000 2,800,000 1,100,000 4,000,000 4,000,000 4,000,000 10,000,000 30,800,000 20,000,000 800,000 3,000,000 5,000,000 2,000,000 45,000,000 2,000,000 3,000,000 5,000,000 5,000,000 30,000,000 193,500,000 29,700,000 1 1 1 600,000 3,500,000 1,000,000 3,500,000 5,000,000 15,000,000 3,000,000 13,000,000 700,000 550,000 2,000,000 1,000,000 1,000,000 10,000,000 10,000,000 800,000 3,000,000 1,000,000 2,000,000 200,000 500,000 TOTAL DEPRECITAION 2 6 2 4 2 2 4 4 2 1 1 5 10 6 Interest Payment: Year Quarter 1 I II III IV 2 I II III IV 3 I II III IV 4 I II III IV 5 I II III IV INTEREST PAYMENTS (VND) Beginning Balance Principal Payment Interest Payment Total Payment Total Payment/Year Ending Balance 80,000,000 4,000,000 2,400,000 6,400,000 24,880,000 76,000,000 76,000,000 4,000,000 2,280,000 6,280,000 72,000,000 72,000,000 4,000,000 2,160,000 6,160,000 68,000,000 68,000,000 4,000,000 2,040,000 6,040,000 64,000,000 64,000,000 4,000,000 1,920,000 5,920,000 22,960,000 60,000,000 60,000,000 4,000,000 1,800,000 5,800,000 56,000,000 56,000,000 4,000,000 1,680,000 5,680,000 52,000,000 52,000,000 4,000,000 1,560,000 5,560,000 48,000,000 48,000,000 4,000,000 1,440,000 5,440,000 21,040,000 44,000,000 44,000,000 4,000,000 1,320,000 5,320,000 40,000,000 40,000,000 4,000,000 1,200,000 5,200,000 36,000,000 36,000,000 4,000,000 1,080,000 5,080,000 32,000,000 32,000,000 4,000,000 960,000 4,960,000 19,120,000 28,000,000 28,000,000 4,000,000 840,000 4,840,000 24,000,000 24,000,000 4,000,000 720,000 4,720,000 20,000,000 20,000,000 4,000,000 600,000 4,600,000 16,000,00 0 16,000,000 4,000,000 480,000 4,480,000 17,200,000 12,000,000 12,000,000 4,000,000 360,000 4,360,000 8,000,000 8,000,000 4,000,000 240,000 4,240,000 4,000,000 4,000,000 4,000,000 120,000 4,120,000 Notes: Debt of VND80,000,000 from bank, maturity of 5 years, interest rate 12% Interest is paid in from the first month, principal payment is incurred once a quarter Wages payment: Job title 1 Director 2 Secretary 3 Accountant 4 Sales Assistant 5 Cooking teacher 6 Securities Total Quantity 1 1 1 6 2 2 WAGE PAYMENTS (VND) Year 1 Year 2 72,000,000 75,600,000 42,000,000 44,100,000 48,000,000 50,400,000 144,000,000 151,200,000 96,000,000 100,800,000 48,000,000 50,400,000 450,000,000 472,500,000 Year 3 79,380,000 46,305,000 52,920,000 158,760,000 105,840,000 52,920,000 496,125,000 Year 4 83,349,000 48,620,250 55,566,000 166,698,000 111,132,000 55,566,000 520,931,250 Year 5 87,516,450 51,051,263 58,344,300 175,032,900 116,688,600 58,344,300 546,977,813 Notes: 1. Wages of Director, Secretary, Accountant, Sales Assistant, Securities are included in Selling and Admin Fixed expense each year 2. Wages of cooking teacher is included as Direct Labor for Learning Services 3. Wages growth rate is 5% each year Variable cost: We have three services in this project, in general, to estimate the variable cost, we estimate the variable cost beyond the number of customers we service. Services Included Shopping DIY Learning Bag Tool packgage 1 Tools package 2 Ingridients Using CP’s kitchen Using CP’s tools Teacher Services Included Bag Tool package 1 Tool package 2 Ingridients Using CP’s kitchen (gas, water, electricity cost,†¦) Using CP’s kitchen ‘s tools Teacher Total VARIABLE COST PER CUSTOMER Shopping DIY 500 3,500 Learning 500 3,500 15,000 3,000 10,000 500 3,500 15,000 50,000 3,000 10,000 50,000 132,000 4,000 32,000 Fixed cost per year for Selling and Admin activities: FIXED COST PER YEAR FOR ADMINSTRATIVE SELLING ACTIVITIES Detail Per month Per year Internet bill 250,000 3,000,000 Electricity bill 1,500,000 18,000,000 Water bill 200,000 2,400,000 Phoning bill 200,000 2,400,000 Advertising exp 6,000,000 Other exp 1,000,000 12,000,000 43,800,000 Expected number of customers: year 1 Shopping DIY Learning Total EXPECTED NUMBER OF CUSTOMER year 2 year 3 year 4 3500 4550 5460 2920 3796 4555 768 998 1198. 1 7,188 9,344 11,213 year 5 5733 4783 1258 11,774 6020 5022 1321 12,363 We assume that because this is a new services which haven’t existed in the market so it will have a numerous of customers The growth rate will be 30%, 10% and 5% for the year of 2, 3, 4 and 5 respectively , after the services enter the market. Total expense: Year 0 Total Variable costs Shopping DIY Learning Total Fixed costs Wages Depreciation House Renting Fixed cost of selling and admin Intersest payment Total cost TOTAL EXPENSE Year 1 Year 2 Year 3 Year 4 Year 5 208,816,000 271,460,800 325,752,960 342,040,608 14,000,000 18,200,000 21,840,000 22,932,000 93,440,000 121,472,000 145,766,400 153,054,720 101,376,000 131,788,800 158,146,560 166,053,888 512,380,000 354,000,000 29,700,000 60,000,000 43,800,000 24,880,000 721,196,000 528,160,000 371,700,000 29,700,000 60,000,000 43,800,000 22,960,000 799,620,800 544,825,000 390,285,000 29,700,000 60,000,000 43,800,000 21,040,000 870,577,960 562,419,250 409,799,250 29,700,000 60,000,000 43,800,000 19,120,000 904,459,858 359,142,638 24,078,600 160,707,456 174,356,582 580,989,213 430,289,213 29,700,000 60,000,000 43,800,000 17,200,000 940,131,851 Price of each services: Customer Year 1 Shopping DIY Learning Year 2 Shopping DIY Learning Year 3 Shopping DIY Learning Year 4 Shopping DIY Learning Year 5 Shopping DIY Learning 3,500 2,920 768 4,550 3,796 998 5,460 4,555 1,198 5,733 4,783 1,258 6,020 5,022 1,321 Variable Cost 14,000,000 93,440,000 101,376,000 18,200,000 121,472,000 131,788,800 21,840,000 145,766,400 158,146,560 22,932,000 153,054,720 166,053,888 24,078,600 160,707,456 174,356,582 Fixed cost Toatal cost Cost per customer Average cost in 5 year 512,380,000 51,238,000 65,238,000 18,639 15,138 230,571,000 324,011,000 110,963 92,074 230,571,000 331,947,000 432,223 360,406 528,160,000 52,816,000 71,016,000 15,608 237,672,000 359,144,000 94,611 237,672,000 369,460,800 370,053 544,825,000 54,482,500 76,322,500 13,978 245,171,250 390,937,650 85,822 245,171,250 403,317,810 336,637 562,419,250 56,241,925 79,173,925 13,810 253,088,663 406,143,383 84,915 253,088,663 419,142,551 333,186 580,989,213 58,098,921 82,177,521 13,652 261,445,146 422,152,602 84 ,059 261,445,146 435,801,728 329,932 Shopping DIY Learning Original Cost plus 1% Final Price Note: We calculate the total cost of a service and base on it to estimate the price 15,289 17,000 For the Shopping services, the price is the average profit we gain from each shopping bill 92,995 120,000Assume that the shop don’t have inventory because the goods are directly taken from agent 364,010 400,000 Revenue Plan: Year 0 Shopping Customer Profit/bill DIY Customer Price Learning Customer Price Total Growth rate of revenue (%) Year 1 EXPECTED REVENUE Year 2 Year 3 Year 4 Year 5 59,500,000 77,350,000 92,820,000 97,461,000 102,334,050 3,500 4,550 5,460 5,733 6,020 17,000 17,000 17,000 17,000 17,000 350,400,000 455,520,000 546,624,000 573,955,200 602,652,960 2,920 3,796 4,555 4,783 5,022 120,000 120,000 120,000 120,000 120,000 307,200,000 399,360,000 479,232,000 503,193,600 528,353,280 768 998 1,198 1,258 1,321 400,000 400,000 400,000 400,000 400,000 717,100,000 932,230,000 1,118,676,000 1,174,609,800 1,233,340,290 30 20 5 5 Because this is a completely new services, so after the first year, the number of customers increase sharply in the 2nd and 3rd year, but in the 4th and 5th year when Cake paradise (C has the competitor, ( who enter the market to join this segment), the growth rate of CP increase slightly at 5%. Profit Loss Plan: Year 1 Revenue Variable Cost Contribute Margin Fixed Cost Earning before Tax Tax Earning after tax PROFIT AND LOSS PLAN Year 2 Year 3 Year 4 Year 5 717,100,000 932,230,000 1,118,676,000 1,174,609,800 1,233,340,290 208,816,000 271,460,800 325,752,960 342,040,608 359,142,638 508,284,000 660,769,200 792,923,040 832,569,192 874,197,652 512,380,000 528,160,000 544,825,000 562,419,250 580,989,213 (4,096,000) 132,609,200 248,098,040 270,149,942 293,208,439 28% 28% 28% 28% 28% (4,096,000) 95,478,624 178,630,589 194,507,958 211,110,076 We can see that in the first year, because this is a new service and it needs time for the customers to know and have the habit to use this service, so the earning after tax for the first year is negative. After the first year,the number of customers who know and use Cake Paradise service increase (beyond word of mouth), the earning after tax for the 2nd, 3rd, 4th, 5th increase sharply. Break even for each year: Year 1 CM CM unit CM Ratio Break even point Break even revenue Safety of margin 508,284,000 70712. 9 0. 7088 7,246 722,878,741 (5,778,741) BREAK EVEN Year 2 Year 3 Year 4 Year 5 660,769,200 792,923,040 832,569,192 874,197,652 70712. 9 70712. 9 70712. 9 70712. 9 0. 7088 0. 7088 0. 7088 0. 7088 7,469 7,705 7,954 8,216 745,141,567 768,652,973 793,475,388 819,674,364 187,088,433 350,023,027 381,134,412 413,665,926 Cash flow: We have, cost of capital was calculated by WACC assumption: ( ( ) ) Year 0 Revenue Operating Expense EBITDA DA EBIT (1- Tax) NOPAT CFOP Capital expense Working capital Add W. C Free Cash flow Payback Period Cost of capital NPV IRR MIRR CASH FLOW Year 1 Year 2 Year 3 Year 4 Year 5 717,100,000 932,230,000 1,118,676,000 1,174,609,800 1,233,340,290 691,496,000 769,920,800 840,877,960 874,759,858 910,431,851 25,604,000 162,309,200 277,798,040 299,849,942 322,908,439 29,700,000 29,700,000 29,700,000 29,700,000 29,700,000 (4,096,000) 132,609,200 248,098,040 270,149,942 293,208,439 0. 72 0. 72 0. 72 0. 72 0. 72 (4,096,000) 95,478,624 178,630,589 194,507,958 211,110,076 25,604,000 125,178,624 208,330,589 224,207,958 240,810,076 (148,500,000) (45,000,000) (193,500,000) 2. 5 15. 30% 277,726,609 54% 30. 39% (45,000,000) 25,604,000 (58,500,000) (13,500,000) 111,678,624 (70,200,000) (11,700,000) 196,630,589 (73,710,000) (3,510,000) 220,697,958 (77,395,500) (3,685,500) 314,520,076 The Payback Period is: Conclusion: 1. 2. 3. 4. The project completely has the ability of reaching the break-even point from the first year. Payback period is nearly 2. 5 years, a very appropriate period in the whole process of 5 years. NPV is a positive numbers and IRR is at 54%, much more higher than the cost of capital. MIRR is at 30. 39%, a high figure. ? Although the initial investment is quite small, all the figures above have proved that this project is profitable and promises to bring high profit. Reference: Fundamental of corporate financial Book Vatgia. vn Kitchenart. wordpress. com Nguyenkim. vn â€Å"Special thank to Ms. Pham Lien Ha to helps us to do this project† How to cite Fin 202- Group Assignment, Essay examples

Landscape painting with Thomas Cole Essay Example For Students

Landscape painting with Thomas Cole Essay Landscape painting was an extremely important time during the middle of the nineteenth century. One of the leading practitioners of landscape painters in America was Thomas Cole. He went to many places seeking the natural world in which he used direct observation to show his audience the untainted nature by man. His works helped to find goodness in American land and to help Americans take pride in their unique geological features created by god. Thomas Cole inspired many with his brilliant works by bringing satisfaction among the people who were trying to find the truth realism through the works of others. Thomas Cole was born on February 1, 1801 in Bolton, Lancashire, England. Due to financial problems experienced by his family, at the age of fourteen Cole found work as a textile printer and wood engraver in Philadelphia. In 1819, Cole returned to Ohio where his parents resided. Here Cole learned the oil painting techniques of a portrait painter named Stein. During this time Cole was extremely impressed by what he saw in the landscapes of the New World and how different they were from the small town of England where he had come from. Art came to Cole naturally, he taught himself, and one day set out to observe nature and the wilderness. He began painting pictures by first making oil sketches of American rocks, trees, sunsets, plants, animals, as well as distant Indians. From these sketches he formed several paintings. He is famous for his allegorical collection called the The Course of Empire and is well-known for his Landscape paintings, The Oxbow, The Woodchopper, and The Clove, Catskills. In January of 1826, Cole was known for the being the founder of the National Academy of Design. During this time many people wanted Cole to paint pictures of American scenery for them, but his main goal, he says, was to create a higher style of landscape that could express moral or religious meanings. Cole continued to paint and in 1836 he married Maria Barstow and settled in Catskill, New York. Catskill was the place where he sketched a portrait of the Catskill Mountains and the Hudson River. From these paintings he influenced a lot of other artists such as Frederick Edwin Church along with Albert Bierstadt. Cole died on February 11, 1848 due to an illness and was remembered by many whom he helped to see the true vision of America. Thomas Cole led the first American school of Landscape, called the Hudson River School. This school included many leading artist such as Asher Brown Durand, Thomas Doughty, as well as the second generation of artists such as Frederick Edwin Church, Sanford Gifford, and Albert Bierstadt. These painters shared a common background. They were Romantic Realists who found great wonders in the countryside of the New World. They searched the Hudson Valley and areas of New England to find unique images of America. These realists combined detailed panoramic images with moralistic insights, which they obtained from famous works of literature of Emerson, Thoreau, Whitman, and Bryant. They saw the landscape as having a feeling of hopefulness, divinity, and harmony. This school was an important part of the American culture. Many neighboring countries had crushed America during the time of war and peace. Since that time, Americans yearned to see their nation survive. In his paintings, Cole seems to focus on an ideal America. He does this by painting vistas that mix both idealism and realism. He impressed several of his colleagues teaching them that a landscape painter must have strength, determination, and should be willing to conquer the hazards of the weather and terrain in order to achieve success. In 1825, an artist named John Trumball discovered Coles work in the window of a frame shop. Trumball purchased many of Coles paintings and this was brought to the attention of many critics who loved Coles style. The success of the Hudson River School led to the formation of the National Academy of Design. In the beginning of the 1800s, artists such as Thomas Cole painted pictures of the East and closer to the Hudson Valley. Short Essay Questions: Painting Media and ProcessesThe main purpose of this canvas is to indicate that human empires do not last, and at some point they may face destruction. The final part of this painting is Desolation. Unlike all the other paintings, this one takes place at night. The night is calm with the glistening moon reflecting in the bay and a few clouds strung out in the night sky. No humans are present in this setting, but by viewing the painting one can see evidence of human existence. Broken pillars and ruined structures line the coast while they are being overgrown by mosses and plants. The area is quite wild due to the awkward growing of plants everything. The mountain still stands in its place, but alone without any human presence. The sea shines with peacefulness. On the far side two deer can been perceived drinking water. The point of this portrait is to let the viewer know that nature has reclaimed the land. The deer have returned and so have the plants and trees, but the people have not. The marks of the human beings have become part of the natural world. Cole had many views about nature, human life and mortality. He felt that the nation had a wild beauty. Cole said in one of his articles, To walk with nature as a poet is the necessary condition of a perfect artist. He illustrated the American landscape with a new vision, but at the same time he did not forget to paint pictures that portray allegorical and religious subjects. He believed that as men live and die so do plants and animals. Cole used eroded mountains and dried up rivers to symbolize the cycles of nature as being compared with humans. What he meant by this was that man dies as he ages and nature also looses its agility. Sometimes Coles art works represent that as the early settlement of America is passing by, a new one is taking its place. This America that he portrays is competitive, abundant with resources, and there is also a society ranked by class. Cole enjoyed painting nature and he used nature in comparison to life. Another one of Coles finest achievements would be The Oxbow. Completed in 1836, the sketches for this painting were completed at a real place, the Connecticut River Valley. On the left is the wilderness of the mountain. Dead trees and living trees symbolize the cycle of nature. From a distance one can see the peaceful bend in the river, a golden light coming from the left, a storm spotted from far, and some trees blasted out on the near side. This picture is painted as if the audience is taken into the moment. In the center of the painting, the artist is sitting and painting the scene with his painting kit. The artist cannot be seen at a first glimpse because he is extremely tiny in the picture. He gives the audience a look at the future possibilities if they looked into the distance. The fading storm shows that the wild will eventually be replaced by the civilized. This scenery is beautifully shown with its bright colors and amazing developed features. Thomas Cole did an excellent job in portraying realism in his paintings. He helped America vision a society with possibilities, opportunities, and abundance of resources. Not only did Cole inspire the nation; he also influenced many artists who are now heading Coles way. Cole was a brilliant man of great intelligence who stole the hearts of many. In an article written by William Church Bryant, he says, We might dream in his funeral oration on Cole, that the conscious valleys miss his accustomed visits and that autumnal glories of the woods are paler because of his departure.