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.

The Bell Jar Analysis Essay. Sylvia Plaths Novel Literary Criticism

The Bell Jar is a semi-autobiographical novel having names of places and individuals altered and it tells six months in the life of its central character, Esther Greenwood, an over-achieving college student from the suburbs of Boston, Massachusetts. Written by the American writer and poet, Sylvia Plath, the book was initially published in London, England, under the pseudonym â€Å"Victoria Lucas† in January 1963, and it was in 1966 that the novel was first published under the author’s real names.Advertising We will write a custom essay sample on The Bell Jar Analysis Essay. Sylvia Plath’s Novel Literary Criticism specifically for you for only $16.05 $11/page Learn More By 1971, due to the desires of Plath’s husband and mother, the publishing of the novel in the U.S. started to take place and it received several positive reviews. An analysis and interpretation of this compelling novel reveals that it parallels Plath’s ow n experiences. In the opening chapters of the novel, the author introduces the initial situation by illustrating the life of Esther, a college student, working as an intern at a women’s magazine in New York together with numerous other successful college girls (Bloom, 20). Nonetheless, regardless of the fact that Esther had almost all things that a young woman can desire to have, her life is full of a devastating sense of disaffection and hopelessness. In spite of having a dreamy boyfriend, an excellent academic performance, and a comfortable job as an intern, Esther is terribly unhappy with her life and she feels that the community is grooming her for a docile life in future. During summer holidays, she gets back home to a Boston suburb where she proves her most horrible fears about herself. Her bitter relationship with her mom coupled with her dismissal from the summer writing program increased her emotions of alienation and despair for the rest of the summer period. This i s the conflict in the story. Next, Plath introduces elements of conflict in the story. As the summer was nearing to an end, Esther’s conduct became more unpredictable as her hopelessness increased, even after visiting a psychiatrist and performing an electroshock therapy. After a few uncertain trials at suicide, she made up her mind to end all her sufferings by creeping into a void beneath her house and consumed an excess dose of sleeping pills; however, she was saved in the nick of time a few days later when she was barely alive. Further, the author introduces suspense in the story in depicting Esther’s situation for the first few days following her unsuccessful suicide attempts. The time she spent at the psychiatric wards of the first two different hospitals did nothing to alleviate her suffering; however, the initiative that Philomena Guinea, the woman who sponsored her college scholarship, took to take her to a private psychiatric institution assisted her in coming out of her depressed state.Advertising Looking for essay on comparative literature? Let's see if we can help you! Get your first paper with 15% OFF Learn More Thereafter, the author introduces aspects of denouement in the story. At the private institution, Esther’s condition got better until she was given more freedom to go walking in town, which made her to enter into a sexual relationship with a Harvard professor. Unfortunately, she bled profusely during this encounter and her fellow psychiatric patient, Joan, assisted her to come out of the ordeal. However, Joan committed suicide a few days later. As the novel ends, Esther is entering into an exit interview and one can assume that he is indeed going to be released from the psychiatric institution. Esther says, â€Å"I have been born twice—patched, retreated and approved for the road† (Plath, 244) and makes her back to the society again. Outstandingly, several events in the novel parallel those of the life of its writer. Both the author and her fictional counterpart lost their father at their childhood, both were skillful poets who were distinguished for wining prices and scholarships, and somehow similar to Esther, Sylvia went through electroshock therapy and went missing after a suicide attempt, thereafter she was hospitalized for psychotherapy. Imitating the initial chapters of the book, Sylvia’s real-life magazine was at Mademoiselle Magazine in the early 1950s and Philomena Guinea parallels Sylvia’s own patron, Olive Higgins Prouty, who funded her education while she was a student at the prestigious women’s college known as the Smith College located in Northampton, Massachusetts. Sylvia was dismissed from a Harvard class taught by Frank O’Connor and Sylvia’s personal therapist, Ruth Beuscher, is widely believed to parallel Dr. Nolan who attended to Esther in the novel. A significant potion of the book that talks about the hospitaliza tion of Esther is thought to be based on the incidences recorded by Mary Jane Ward in her autobiographical novel The Snake Pit; consequently, the fact that Sylvia was a patient at McLean Hospital resembles the â€Å"snake pit† experience depicted in Ward’s book (Ward, 5). It is important to note that Sylvia Intentionally based the depiction of Esther being in hospital on the practices and techniques described Ward’s novel. When the novel was initially published under its pseudonym, Sylvia was dissatisfied by the assessments that passed judgment on the book as a feminist corresponding item to the works of the American author, Jerome David Salinger. The assessments were lukewarm, since British reviewers pointed that it was an analysis of American society and considered the title character to be a desperate individual, and, sadly, less than one month following the initial publication of the novel, Sylvia committed suicide through asphyxiation.Advertising We wi ll write a custom essay sample on The Bell Jar Analysis Essay. Sylvia Plath’s Novel Literary Criticism specifically for you for only $16.05 $11/page Learn More The major theme of the novel is a feminist one. Its main character goes through various difficulties under the restricted responsibilities available for the women of her time and the inferiority of women to men; thus, the story is a protest at the expectations that women are obliged to comply with so as to be regarded normal and victorious in the male-dominated society. One of the minor themes of the book is its portrayal of anxiety about death. The protagonist’s suicidal imaginations as well as imaginations of death pervade the book. She is so incapacitated with anxiety that most of the time she does not respond to the things taking place around her and she feels often in the â€Å"hell† of her own mind. For example, this quotation, â€Å"†¦wherever I sat-on the deck of a s hip or a street cafà © in Paris or Bangkok I would be sitting under the same glass bell jar stewing, in my own sour air†(Plath, 185), introduces the symbol of the bell jar in the novel. This illustrates that Esther’s suicidal imaginations are derived from a sense of suffocating isolation because of the large gap that exists between the expectation of the community about her and her own feelings and experiences, and, as such, she retreats more within herself as the bell jar is covered tightly over her. And, in the last chapter, Esther’s supposed cure is depicted: â€Å"How did I know that someday—at college, in Europe, somewhere, anywhere—the bell jar, with its stifling distortions, wouldn’t descend again?† (Plath, 241). A poem that Sylvia wrote in the month of her death named â€Å"Balloon† also illustrates this theme of anxiety of death. In the poem, she attempts to write down her thoughts about life, centering on the Christma s holiday she had just enjoyed with her family members. Moreover, she also centers on a baby boy squeaking a balloon; however, in the end, the balloon is burst, leaving only a slice of red in the baby’s fist: â€Å"Then sits Back, fat jug contemplating a world clear as water. A red Shred in his little fist† (Plath, last paragraph). Thus, the â€Å"Balloon† early images are incorporeal, and then the culmination approaches, without anything. In conclusion, the novel is in the genre of coming-of-age fiction because of the way it marked out the path of Esther, the protagonist in the story, as she moved in a crucial period in her life from an inexperienced teenager to an experienced young woman. The story is told in the narrator point-of-view; that is, the events are filtered through the novel’s protagonist, which forces the readers to follow what happens inside her head.Advertising Looking for essay on comparative literature? Let's see if we can help you! Get your first paper with 15% OFF Learn More However, as much as this narrative style gives the readers a first hand information of what is happening, it becomes difficult to get an objective view of Esther or a more detailed analysis of the other characters in the novel. Narrated from the protagonist’s point-of-view, the novel’s tone is cynical, tormented, and humorous in its portrayal of the events that take place. Works Cited Bloom, Harold. Sylvia Plath’s The bell jar. New York, NY : Bloom’s Literary Criticism, 2009. Print. Plath, Sylvia. â€Å"Balloons.† Poemhunter.com. Poem Hunter, 5 Feb. 1963. Web. Plath, Sylvia. The bell jar. New York: Harper Perennial, 2006. Print. Ward, Mary. The snake pit. Cutchogue, N.Y.: Buccaneer Books, 1983. Print. This essay on The Bell Jar Analysis Essay. Sylvia Plath’s Novel Literary Criticism was written and submitted by user Declan V. to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.

amademous essays

amademous essays The main actors and their characters they played are: Wolfgang Amadeus Mozart Tom Hulce Antonio Salieri Murray Abraham Mozarts dad Roy Dotrice Mozarts wife Elizabeth Berridde Emperor Joseph II Jeffery Jones The movie Amadeus was based on two composers, Mozart and Salieri. In the begging of the movie Salieri tries to commit suiside. A priest comes to see Salieri to ask him if he has anything to confess. Salieri then begins to unravel the story of Mozart and Salieris life together. Mozart has been a great composer since he was four years old. Salieri on the other hand not as good and would never be as good as Mozart. In the movie you can see how jealous Salieri is of Mozart. Salieris father was against him playing music, and on the other end Mozarts father praised it and insisted on it. Salieri wanted to play music more than anything in the world. One day while in church, Salieri asks God to let him be a great composer and in return he would give him his chastity and write for God. The next day Salieris father died and this was a miracle in Salieris eyes. His family had to go to Vienna where Salieri then became discovered. Salieri worked his way up to the courts and was the Emperors composer. Mozart was to perform for the Emperor, when Salieri got news of this he grew anxious to meet the great composer. He wanted to see what this marvelous composer looked like with all the talent he possessed. The story then goes on about Mozart composing operas and pieces for the Emperor. More and more Salieri was growing to hate Mozart, because he was not as good and realized he would never be. In the middle of the movie Mozart finds out that his father has died. This slowly kills Mozart, he cant write, he drinks more and more, and his relationship with his wife is suffering. Salieri sees how Mozar...

Individual Behavior and Communication Paper Essay

Individual Behavior and Communication Paper - Essay Example The behavioral culture of any organization is fashioned in large part by the commonality of the separate individuality of each separate employee as well as each division. Organizational behavior engage the study of how these employees operate and perform, concentrating on practices that can create a distinction in the way employees adjust to and execute their mission. Organizational behavior changes the focus of management towards job satisfaction and involvement, commitment to the organization, and actual task performance measures. Ethics is an important element as it is vital for organizations to exhibit a commitment to instilling ethical behavior. Ethical behavior in the arena of decision-making can be complex, and so it is important that a code of ethics be strictly defined, as well as the establishment of a fair disciplinary system for those who violate the ethical standards. It is just as vital that leadership also develop a procedure to reward employees when they have been recognized for exhibiting positive ethical behaviors. It is also essential that employees be involved in the process of identifying ethical issues and creating a means of ad dressing them when they are both violated and followed. In the arena of ethical decision making, the criteria used to classify the values that motivate the concept of ethics must also be considered. Moral behavior is involved in choosing problems as well as choosing who should be involved, approximating the impact of substitution. It is paramount that everyone in the organization understands that ethical conduct does not arrive as a result of being revealed as a violator of the already-in-place code. Organizational culture is made up of the values and beliefs that manipulate and persuade employee behavior. Diversity is the individual disparities that exist within members of an organization and is most readily based on external factor such as gender,

Keystone species - Sea stars Essay Example | Topics and Well Written Essays - 500 words

Keystone species - Sea stars - Essay Example It may increase population of a species or limit it through direct competition for resources or through predation. The sea stars are considered a keystone species in the rocky intertidal habitat because it determines the habitat’s composition. One of its significant effects is its control over the population of mussel. It dictates the population of mussels within the intertidal region that it inhabits. Even though it can predate many other invertebrates in the middle intertidal, its preference of mussels determines the prey’s population in the habitat. This has secondary effects on populations of other species in the middle intertidal. In the absence of sea stars, mussels grow and colonize the middle intertidal. This leads to extinction of other species such as barnacles and large algae in the locality. This means that sea stars control population of different biotic factors and allows for establishment and sustainability of different species in the middle intertidal, a factor that identifies its supreme influence. Sustainable biodiversity is important to an ecosystem. Sea stars affect biodiversity in rocky intertidal by ensuring a fair environment for survival of all factors in the ecosystem. Sea stars achieve this by controlling population of mussels that is a threat to other species in the habitat. By preferring the prey and by overwhelming it in the middle intertidal, sea stars allows for existence of other organisms that mussels would otherwise disadvantage and eliminate from the habitat. Removal of sea stars threatens biodiversity of the rocky intertidal habitat through facilitating dominance of mussels over other species. It allows mussels into the lower zones and this leads to extinction of other species in the region. Sea stars control population of mussels and their removal leads to extensive dominance of mussel that then disadvantages other

Case Study: Red Bulls Integrated Marketing Mix

Case Study: Red Bulls Integrated Marketing Mix Teresa Cochran What are Red Bulls greatest strengths and risks as more companies enter the energy drink category and gain market share? Established in 1987, Red Bull is an established beverage company. Red Bull, who specialized in energy drinks, greatest strength is its unique marketing strategy and alignment with distributers. Its dominance can be attributed to the organizations capacity to focus on its strengths while compensating for weaknesses. By having an awareness its strengths as well as shortcomings, Red Bull can keep up its present position of dominance in the energy drink market. A quality Red Bull has over its closest competitors is that they are well established in the caffeinated drink market and hold a 70 percent share of it. Furthermore, their product line which is entirely caffeinated drinks, strengthens their position. By focusing on one segment of the market, caffeinated drinks, Red Bull has created a strong hold on their market that competitors are struggling to imitate. The companies unique marketing strategies have enabled the company establish itself as the best energy drink producer in the wor ld (Donovan Henley, 2010). Following Red Bulls success soft drink giants such as Coca-Cola, Pepsi and Monster have launched their own energy drinks. This development will surely diminish Red Bulls market share. Per Kotler Keller (2012), this development will affect the companys profitability because in addition to the lost market share, the company must devote more resources in marketing its products. Red Bull has a method of marketing that is unique to its organization, setting them apart from the competition in the business. Kotler and Keller (2012) discussed the various methods utilized noting that rather than maintaining standard advertising strategies, the company has chosen to focus on an informal exchange via non-traditional means. They also feature celebrities and engage potential consumers at sports events by providing free samples in efforts to generate increased interest in their products. Free Red Bull products are provided in areas including sporting events and high profile parties to reinforce the brand image among the target market in addition to their promotions (Kotler Keller, 2012). Other marketing efforts that attributes to Red Bulls strengths are their sponsorships and campaigns. These unconventional advertising methods help to expand the Red Bull trademark, but they also increases brand awareness. Despite its significant strengths, Red Bull also has numerous weaknesses that it must address to remain dominant in the highly-competitive energy drink industry. Red Bulls small product selection, extremely elevated amounts of sugar and caffeine, and cost offer chances for other manufacturers to acquire market share. Should Red Bull do more traditional advertising? Traditional means of advertising, print, television, and radio ads, have not been utilized by Red Bull to market their brand although the company may consider expansion to more traditional advertising strategies to reinforce their image in more mature markets. Kotler Keller (2012) states, Red Bull employs traditional advertising techniques to reinforce the brand to mature markets, but they do not use it to establish the market. The company has been very successful following its unique marketing strategy. Rather than depending entirely on television and print advertisements, Red Bulls unique guerrilla advertising methodology is at the heart of Red Bulls marketing and advertising strategy. If Red Bull adopts a traditional marketing strategy like its competitors, it will lose this uniqueness. The use of sponsored events and buzz-marketing has helped the companys product stand apart. As such, the company should not use traditional advertising strategies particularly to establish markets ; they should stick to their current buzz-marketing and sponsored events strategy (Donovan Henley, 2010). Traditional advertising should be used only to reinforce the companys brands in mature markets. Although sponsoring extreme events is expensive, it brings a special kind of brand awareness particularly to the younger adult demographic, which is the main market of the Red Bulls products. This group of consumers has little time with traditional marketing strategies; they go with the cool trends in the market (Cornwell, 2014). Extreme events attract young people and thus present Red Bull a great opportunity to reach out to them. Therefore, I would suggest Red Bull to maintain their non-traditional marketing strategy. Donovan Henley (2010) point out that the current strategies are unique and consistent with Red Bulls brand image; adopting traditional methods will water down the companys unique proposition. Effectiveness of Red Bulls sponsorships Red Bull excels at sponsoring events. The companys sponsorship programs are spread over a wide range of extreme sports, artists and athletes. The events the company sponsors range from dancing, motorsports to extreme sailing. These sponsorship programs have attracted many of the current and potential consumers of the companys products (Cornwell, 2014). Per Kotler Keller (2012), sponsoring events is a form of advertising for the company where attendees, usually teenagers and young adults get to experience the companys products, sometimes for free or for subsidized prices. From here, these people spread the word about the companys products, thus becoming Red Bulls brand ambassadors. These marketing strategies though unusual have proved to be very effective for the company. Bull Stratos is one example of the success the company achieves with these sponsorship programs. This program for example provided young people with a dream to look forward to. Cornwell (2014) argues that such events tap into the critical part of young people minds showing them that they can achieve what their dreams. As such, when the Bull Stratos made a safe landing, it provided a sign to these young people that anything is possible. Thus, many young people associate Red Bull with those people who do the impossible. Therefore, I think these sponsorship programs are a good use of the Red Bulls marketing budget and they should continue carrying them out. It is however important for Red Bull to regularly evaluate its marketing programs to ensure they are effective and relevant. The company needs to draw the line when the strategies become ineffective. When this happens, the company needs to be ready to change its marketing approach to remain competitive in the market. Thus, the company should monitor the market continuously for emerging trends to help it change quickly when need be (Cornwell, 2014). References Cornwell, T. B. (2014). Sponsorship in marketing: Effective communication through sports, arts, and events. Routledge. Donovan, R., Henley, N. (2010). Principles and practice of social marketing: an international perspective. Cambridge University Press. Kotler, P., Keller, K. L. (2012). Marketing management. New Jersey, US: Pearson Education.

Discover Your Inner Economist

In his delightfully witty and humorous book, â€Å"Discover Your Inner Economist†, Cowen takes the dry and serious subject of economics from the mundane to the everyday. He begins by subtly stating that economics is not about money, but other motivations. â€Å"The critical economic problem is scarcity,† he says. â€Å"Money is scarce, but in most things the scarcity of time, attention, and caring is more important. †In a highly aimless, rambling style, Cowen leads the reader down many divergent paths from topic to topic, covering everything from how to talk your spouse out of buying a warranty on a new purchase to why your daughter will not wash the dishes to why we do not have to eat â€Å"sunk costs. † Throughout the book, two themes are clear. The first is that everyone is very self-centered, and motivation is all about â€Å"Me†, or as Cowen calls it, â€Å"the Me Factor†. The next motif, although highly correlated to the former, is cont rol. Both themes encompass the concept of identifying motivation.â€Å"The key to tapping your Inner Economist†, Cowen explains, is the ability to identify people's true incentives, which are usually more than money. Suppose you want your daughter to help out around the house by washing dishes. Should you pay her? Bad idea†, Cowen warns. â€Å"If you explain that washing dishes is her family responsibility, she may not always obey, but at least she'll feel some obligation. Bring payment into the picture, and her motivation changes. It becomes a market transaction†, writes Cowen, and â€Å"the parent becomes a boss rather than an object of deserved loyalty.† The point is that your daughter will soon come to realize that she would rather work for someone else. â€Å"Expect dirtier dishes,† Cowen concludes. Motivation and incentives are clearly interesting to us all, whether we acknowledge it or not. In his book, Cowen offers some unique theories on mo tivation and incentives. Big business is very interested in the concept of motivation; as the goal of any business is to be most productive, and this requires motivating employees to become their most productive. It is the responsibility of managers to strive to motivate employees so that they will make valuable contributions to the organization.Managers most frequently do this by offering rewards to motivate people to share their talents with the company. Managers seek to ensure that people are motivated to contribute important inputs to the organization, that these inputs are focused in the direction of high performance and that high performance results in employees obtaining the outcomes that they desire. Management theorists have come up with many theories to explain what creates a motivated workforce. Cowen believes that small improvements in understanding will bring a much better use of incentives (motivation).Cowen uses economic theory as the basis for using pattern recogniti on to incentivize. His book does not offer management theory, however, the author focuses on learning how humans in general are motivated, and these theories can be applied to business, personal lives, and just ordinary living. Study and research have proven that motivated employees are more productive than those employees who lack motivation. On this assumption, a look at some of the most widely known motivation theories may add some insight into the role of incentives as effective motivators. Frederick Herzberg’s theory is based on two factors: Hygiene and Motivation.The hygiene factors are based on extrinsic values such as salary, working conditions, ergonomics, status, and company policies. These factors, according to the theory, do not lead to motivation, but the absence of positive hygiene factors causes dissatisfaction. Herzberg’s other factor is motivation, which encompasses those work conditions that prompt intrinsic motivation. These factors include job satis faction, growth, achievement, and recognition. According to this theory, in order for employees to be motivated, there must be low levels of dissatisfaction and high levels of motivational factors.Herzberg suggests these factors should be used together to reduce dissatisfaction and increase motivation to achieve high productivity. Another famous motivation theory is Maslow’s Hierarchy of Needs. This theory is based on the concept of levels of needs in human beings. This theory suggests that each level of need must be satisfied before someone is motivated to achieve the next level. The lowest level is physiological, then safety, then love, esteem, and finally self-actualization. The following chart from Accel- Team illustrates Maslow’s theory: (Accel Team, 2007)From an economist’s point of view, in Cowen’s book, one economist, Colin Camerer took a poll at the Davos World Economics Forum and polled big business gurus as their ideas on motivation. The number one and two answers were, respectively, Recognition and Respect, and Achievement and Accomplishment. Never mind that the sources may have been slightly skewed, he was polling a particularly successful group of businessmen and not average employees, but the point is that money did not make the top two as far as incentives go. Cowen does provide money its proper place within the motivation/incentive model, however.He does not dismiss money as a primary motivator, he merely sets it aside as the single most obvious incentive to allow thought for other, equally motivating incentives. Cowen demonstrates by example how the idea of everything being â€Å"up for market† is repulsive to humans. He notes that there are some things that simply cannot be motivated through monetary incentives. At the beginning of the book, as mentioned above, Cowen discusses the resistance of his stepdaughter, Yana, to washing the dishes. After he and his wife resorted to paying her, â€Å"she did them f or about a week and then stopped,† he says.â€Å"I knew this could happen. I understood that there is such a thing as intrinsic motivation and that if you pay people, you might weaken that. What I didn’t really â€Å"get† was the control issue. That when you start paying people to do a thing, they often see it as control. † But there was a happy ending: After Yana read the book, she started doing the dishes. For free. Cowen believes that we are also consumed with the desire for control. Cowen argues that if you want to have more control of what happens around you, you need to know how to balance the kinds of incentives you offer.As far as good reading, unfortunately, there are not enough economic tricks that break down neatly into interesting advice. When he discusses the techniques for motivating your dentist, like giving them a bonus for cavities well filled, he ends with, â€Å"I don’t think I can control my dentist or receive the very best care . By giving up this quest for control, however, I might get care that is just a little better than average. † Is that really any advice, or just an economist attempting to relate to real humans? Economics cannot tell you what the price of gold will be next week.But it can help you choose good restaurants, promises Cowen. The best sections of the book concern tactics for maximizing one’s cultural consumption, (at least according to Cowen’s standards). Cowen explains that those of us who enjoy unique and tasty flavors in our meals should avoid restaurants located in fancy shopping malls or on major thoroughfares. These restaurants must pay high rents to occupy such locations and, therefore, they need customers in high volumes. Because these restaurants must appeal to large audiences, meals there will be more predictable and bland than those served in restaurants located off beaten paths.So if you're hankering for dinner at a restaurant featuring bold or unusual tas tes – at a restaurant that serves ethnic dishes that are truly authentic — you'll have better luck going to a Chinese or Ethiopian or Cajun (or whatever ethnic variety you crave) restaurant that is located on a side street or in a suburban strip mall. With lower rents to pay, such off-the-beaten-path eateries are more likely than are restaurants in high-rent locations to cater to serious foodies. Choosing a restaurant is just one of many important and surprising insights offered in Cowen's book.He lists eight strategies for taking control of one’s reading, which include ruthless skipping around, following one character while ignoring others, and even going directly to the last chapter. Your eighth-grade English teacher would faint. But the principle here is valuing the scarcity of your own time, which people often fail to do. It works for movies, too—Cowen will go to the multiplex and watch parts of three or four movies, rather than just sit through one. Why wait for a highly predictable ending when a fabulous scene might be unfolding in the movie playing next door?Cowen also offers advice for how to defeat the boredom that, despite our best intentions to be culturally literate, overtakes many of us minutes after we enter an art museum. How do we deal with this â€Å"scarcity of attention†? Pretend to be an art thief, he suggests—in every gallery, pick one picture that we’d like to run off with. Sounds juvenile, admits Cowen, but it â€Å"forces us to keep thinking critically† rather than daydream about the snack bar. Cowen doesn’t really attempt to offer serious advice. He does offer some interesting anecdotes, however.Among the most valuable insights that economics does offer about investing is to ignore anyone who announces publicly that he knows what will happen to stock prices tomorrow. Anyone who sincerely believes himself to possess such knowledge will not give it away or sell it on the chea p. To do so would be like passing out hundred-dollar bills to strangers or offering to sell hundred-dollar bills for $25 apiece: Very few people are so selfless. If I am confident that shares of, say, IBM will rise tomorrow, I don't want other people competing with me to scoop up IBM shares.But finding a good meal, well, that's a different story. The most interesting insight for me is that bygones are not always best treated as bygones. The mid-19th-century economist William Stanley Jevons famously wrote that â€Å"bygones are forever bygones. † Economists have overwhelmingly taken Jevons' statement as advice to ignore sunk costs. This advice generally is sensible. Suppose you've spent $10 million building a machine that can do nothing but produce chocolate-covered pickles. You discover soon afterward that no one wants to buy your product.Your wisest course from this point forward is to suck up the loss. Continuing to produce chocolate-covered pickles that no one wants to buy will only deepen your losses, doing nothing to help you recover your investment. But Cowen shows that bygones should not be treated as bygones in all areas of life. When our self-image is at stake, past choices — costs that are irrevocable — often remain relevant for guiding our decisions today. Self –deception is another theme through which Cowen offers examples of our â€Å"Me First† mentality.For example, many of us think of ourselves as physically fit. Because of this self-image, we often buy memberships in gyms. But on many an evening, after a long day at work, we're typically tempted to relax at home rather than spend an hour exercising at the gym. The economically â€Å"rational† decision is to stay home and relax if that's what you prefer doing this evening. After all, whether you go to the gym or not, the money you've spent on your gym membership is already spent. You'll not get that money back if you don't use the gym this evening.So the fact that you've already paid for a gym membership should not factor into your decision on whether to go to the gym today. But sometimes this fact does indeed matter. Sometimes we think, â€Å"Geez, I've paid for that gym membership. I should go. † And we then summon our remaining energy and head off for some exercise — even though if we hadn't paid for the gym membership, we definitely would avoid the gym this evening. Again, as a narrow economic matter, that's a silly thing to say and do. From a less-narrow perspective it's entirely reasonable.By going to the gym we reinforce our positive self-interest. And if the mental trick of pretending that sunk costs are relevant helps in this effort, it's a worthwhile thing to think. For a wonderfully enjoyable and practically useful read you can do no better than to discover your inner economist by reading Tyler Cowen's new book. Tyler Cowen is a professor of economics at George Mason University. He is a prominent blogger at marginalrevolution, the world's leading economics blog. He also writes regularly for The New York Times, and has written for Forbes, The Wall Street Journal, and The Washington Post.The book is a quirky, penetrating caper through everyday life that reveals how you can turn economic reasoning to your advantage—often when you least expect it to be relevant. Cowen aims to not â€Å"hit the reader over the head with economic principles, † but to offer an alternative viewpoint of economics and how it really can improve anyone’s everyday life. Even if you don't agree with all of Cowen's cheerfully offered opinions, it's a pleasure to accompany him through his various interests and obsessions.