Young Goodman Browns Transformation - 1083 Words

Goodman Brown in the short story â€Å"Young Goodman Brown† by Nathaniel Hawthorne goes on a journey into the woods to meet a stranger which ultimately changes his life. His blind faith in his religion makes him believe that all people are good. Goodman Brown is a trusting, naive man in the beginning if the story but witnesses a witch ceremony that changes his personality drastically. Seeing his family and his neighbors taking part in the sinful act changes his outlook on life and his outlook on their personalities as well. Brown’s blind faith in people and his naivety make the shock of what he sees in the woods turn him into an untrusting, paranoid man. Young Goodman Brown goes from being overly trusting to becoming a paranoid, untrusting†¦show more content†¦Due to his naivety, Goodman Brown continues on his journey with the stranger, to spite what Faith and his instincts tell him, which ultimately turns him into a corrupted man. When the reader first meets Goodman Brown he is departing from his young wife, Faith. Faith urges young Goodman Brown to stay with her and not go on his journey but he refuses, assuring her that his journey is one of no real danger: A lone woman is troubled with such dreams and such thoughts, that shes afeared of herself, sometimes. [†¦] My journey, as thou callest it, forth and back again, must needs be done twixt now and sunrise (620). Faith tells Goodman Brown about nightmares she has been having and how she wishes that he will stay beside her. Goodman Brown ignores her warnings and continues on his journey as if it is just a trip to the grocery store. After meeting the stranger, Goodman Brown inquires about turning back but the stranger has other ideas in mind: Let us walk on, nevertheless, reasoning as we go, and if I convince thee not thou shalt turn back, We are but a little way in the forest yet. Too far, too far!’ exclaimed the Goodman, unconsciously resuming his walk (621). The stranger wants Goodman Brown to continue on his path, and even though young Goodman Brown desires to turn back towards Faith, he is easily swayed to keep walking with the stranger. Hawthorn says he unconsciously resumes his walk,Show MoreRelated Analysis of Setting in Young Goodman Brown Essays877 Words   |  4 PagesAn analysis of the setting in Nathaniel Hawthornes Young Goodman Brown In the story of Young Goodman Brown setting plays an important role. It provides symbolism to certain events and provokes emotions amongst the characters, especially those of Goodman Brown. The story of Young Goodman Brown is that of a man on an adventure to feed his curiosity and to visit the dark side of his Puritan town. Once he arrives at the destination of his adventure, he realizes that many of his elders haveRead MoreAnalysis Of Young Goodman Brown 1285 Words   |  6 PagesPerceiÃŽ ½ed through the archetypal lens, the short story, Young Goodman Brown, by Nathaniel Hawthorne asserts the uniÃŽ ½ersal idea that eÃŽ ½il lurks within eÃŽ ½ery man. Taken as a whole, the work conÃŽ ½eys that humanity can easily fall ÃŽ ½ictim to innate selfish instincts as well as society’s damaging influences. The main character, Young Goodman Brown, treks on a journey that challenges him to uphold his innocence and his belief in a decent mankind as he discoÃŽ ½ers corruption in people. T he allegory—a storyRead MoreEssay on Rip Van Winkle1682 Words   |  7 PagesThe characters in Rip Van Winkle and Young Goodman Brown written respectively by Washington Irving and Nathaniel Hawthorne leave their individual communities and return with radically different perspectives (of their current lives) that change their attitudes and way of life in the remaining of their lives. Both stories are set in early American villages, Young Goodman Brown takes place in the 1700’s New England puritan settlement while Rip Van Winkle takes place over 100 years later in an EnglishRead More The Heros Journey in Hawthornes Young Goodman Brown Essay example1249 Words   |  5 PagesThe Heros Journey in Young Goodman Brown nbsp; Faith is accepting what you are taught or told without trying to prove or disprove it, rather than discovering it through experience.nbsp;Those who believe in God have faith. It has not been proven that God exists; similarly, it has not been proven that humans are kind, honest, and good by nature. Young Goodman Brown is a character in Young Goodman Brown, who leaves his known world in Salem village and travels an unknown road in a dark forestRead MoreAnalysis Of The Book Young Goodman Brown And Other Hawthorne Short Stories 922 Words   |  4 Pagesjourney in the forest ends with a life changing experience. Hawthorne, Nathaniel. Young Goodman Brown and Other Hawthorne Short Stories. N.p., n.d. Web. 29 July 2015. This article includes the pervasiveness and secrecy of sin and evil alive within people. The focal point is that Brown is introduced in the story as a man of faith, but the reader slowly discovers that even the purest man can change. Brown transformation occurs as he enters into the dark forest, which can be seen as a sinful act andRead MoreThe Black Cat, By Edgar Allan Poe1240 Words   |  5 Pagesshort story â€Å"The Black Cat† and Nathaniel Hawthorne’s â€Å"Young Goodman Brown† feature allegorical representations of characters deceiving themselves in order to deny the darker aspects of their inner selves. In Poe’s â€Å"The Black Cat,† the narrator denies the darker aspects of his soul by abstracting his horrific actions with spectral evidence in order to externalize the psychological effects of his guilt. In his allegorical tale â€Å"Young Goodman Brown,† Hawthorne criticizes the Puritan doctrine of graceRead MoreLiterary Analyzes Of Young Goodman Brown1746 Words   |  7 PagesLiterary analyzes of Young Goodman Brown Young goodman brown by Nathaniel Hawthorne is a story about a normal man that ventures into the forest to meet an old man who attempts to tempt him into going deeper into the woods to worship the devil. After the old man convinces him that everyone that he loves and respects is going to the devil’s ceremony he gives in. In Young Goodman Brown, Hawthorne effectively uses the personality and psychology of the Characters along with symbolism to portray the themeRead MoreCompairison of Young Goodman Brown and No Country For Old Men900 Words   |  4 PagesThe story Young Goodman Brown by Nathaniel Hawthorne depicts a man whose inner desire is to experience the evil forbidden forest, as well as retaining his image as a, â€Å"good and honest Christian.† This internal conflict is also portrayed in the movie No Country for Old Men, which was directed and written by the Coen brothers. In the movie the main character, Llewellyn Moss, is confronted with the moral dilemma of eit her keeping the drug money he found or calling the police. Although he morally makesRead MoreComparison Between A Good Man And Young Goodman Brown 798 Words   |  4 PagesBoth â€Å"A Good Man is Hard to Find â€Å"and â€Å"Young Goodman Brown† has the elements of religious belief using allusions and moral coding. When comparing the main characters of both short story, it’s interesting how they compare and contrast on their beliefs. In â€Å"A Good Man is Hard to Find,† Young Goodman Brown undergoes a transformation that shifts from similarities of the grandmother to the Misfit. With beliefs alike to both the Misfits and the grandmother’s, Brown’s persona alters from his naive viewsRead More Transcendentalism and Hawthornes Young Goodman Brown Essay3499 Words   |  14 PagesTranscendentalism and â€Å"Young Goodman Brown†      Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   â€Å"Young Goodman Brown† manifests characteristics of the onetime Transcendentalist beliefs of its author in its abundance of symbolism and in its emphasis on individuality and personal responsibility.    Let us briefly review the life of the author up to and including his brief acceptance of Transcendentalism. Nathaniel Hawthorne was born on July 4, 1804 in Salem, Massachusetts, to a family that had been prominent in the area since colonial

Nursing As A Nursing Career - 1933 Words

Nursing is a very intriguing profession with an open door to many new opportunities. While in the field many exciting experiences may come at you. The medical field has always interested me, but I was never quite sure on what career would suit me best and was the right one to pursue. There are many nurses in my family: my mom, sister in law, my cousin’s wife Taylor and my aunt Julene. After hearing all of their exciting stories I decided that nursing is the perfect career. It provides a great place to start at and expand to bigger and better things. In nursing you never know what is going to happen. There is constant excitement and challenge in a nurse’s life. As weird as it may sound, I enjoy being in charge when there is change going†¦show more content†¦After searching through the ASVAB Career Exploration and looking at Career Cruising, they both pointed to a career in the medical field, specifically the direction of nursing. The opportunity to take the AS VAB test was provided by the school and upon completing it and going onto the ASVAB program website I took the FYI (find your interests) test. My interest code was ECS which stands for enterprising, conventional, and social. Enterprising activities allow you to take a leadership role. Conventional activities require attention to accuracy and detail. Social activities allow you to use your skills and talents to help, teach, and counsel others. When searching through the careers that fit this code, nursing was a match. (ASVAB Career Exploration Program) The education needed to become a nurse varies. According to ASVAB, about 23% of people with this career have a bachelor’s degree. Although there are other education options, a Bachelor of Science in Nursing (BSN) is the most practical and preferred choice. This degree provides a positive outlook when looking to progress forward with other career options. Four year programs prepare RNs for nursing jobs and most require students to get experience in clinical settings. The first two years of education often concentrate on psychology, human growth and development, biology, and anatomy and physiology. The final two years focus more on adult acute and chronic disease, maternal/child health,Show MoreRelatedNursing : A Career As A Career In Nursing705 Words   |  3 PagesFrom a very early age I have had a passion and drive to help people. I was first inspired to go in to a nursing career by my grandmother who would tell me stories about her experiences as a midwife. One that stood out to me was when she travelled through a snowstorm to deliver a baby, and it is this level of commitment, care and compassion that I aspire to have. I have also found inspiration from my mum who is an ICU nurse and has always shared her experience and advice with me. This has been somethingRead MoreThe Career Of Nursing As A Career In Nursing1614 Words   |  7 Pages Nursing is a very complex career that at many times requires one to be a leader. Nurses can be leaders in formal roles and also on the unit during any given shift. Nursing is a career that truly tests the character and attributes of those who choose to enter this career. Leadership in nursing is vital in creating a successful environment for patients. According to Stichler (2006), â€Å"effective leadership is essential to transforming organizations into environments that are safe for both patientsRead MoreNursing : A Career As A Career In Nursing925 Words   |  4 Pagesgreat at and I have never recalled them because I was so focused on being in the medical field. The career fields that were appealing to me was being a nurse for veterans, I also thought of being a teacher for the younger children. I have chosen to be in the medical field because I have always loved helping others in need and just making them feel good after they been satisfied. My living career I have selected was to be a Pediatric Nurse. Pediatric nurses provide many medical needs and physicalRead MoreNursing As A Career In Nursing1092 Words   |  5 PagesAbstract My name is Dania Infante and I am a BSN student at Florida National University. I chose nursing as a career path because I am a people person. I enjoy working and interacting with people on a regular basis as well as taking care of them. I know there are several careers that specialize in patient care. However, I chose nursing because I feel a nurse is in direct contact with the patient at all times. Nurses look after their patients in every aspect, physically as well as emotionally. TheyRead MoreNursing As A Career1568 Words   |  7 PagesPrice, Hall, Angus and Peter (2013) â€Å"Nursing is described as a beautiful, rewarding and motivating career followed with an acknowledgement that nurses are underappreciated.† (p.7) Nursing is a profession that is organized and abides by a code of ethics where the individual is expected to honour these implementations. Nurses spend their career saving and promoting life and one of the most significant parts of being a nurse is to be a patient advocate. Nursing students tend to frequently enter theirRead MoreThe Nursing Career1082 Words   |  4 Pagesanalytical by defining a problem and use data to determine an effective solution. A PHN must be able to communicate effectively, and understand how the media delivers information. Of great importance is the role of cultural competency in public health nursing. Cultural competency is the ability to effectively consider the worldviews, healthcare practices and preferences of people from diverse, racial, ethnic, socioeconomic, and cultural backgrounds. The PHN must put an emphasis on prevention and focusesRead MoreNursing As A Career?1442 Words   |  6 PagesNursing As a Career? This research paper will help guide you into a career that has its pros and cons. What kind of education is needed to enter the nursing field? What the advancements are in the field of nursing? What is the earning potential of nursing? What the outlook on nursing in the future is and the different nursing work environments and so much more. The purpose of this is to inform anyone interested in becoming a nurse what you can do with your degree and most important, if this careerRead MoreThe Career of Nursing1259 Words   |  5 PagesAccording to Boykin â€Å"Caring is the foundation of nursing† (Boykin et al, 2011) and in order to be a nurse, it is essential that a nurse can demonstrate and practice professional communication skills. Professional communication skills not only allows the nurse to provide different methods and tactics to communicate with patients of different needs and ages, but it enables the nurse to understand and to give the best possible care and outcome fo r the patient. Provision of information and handover isRead MoreCareers In Nursing By Betty Smith : The Career Of Nursing1121 Words   |  5 Pagesabout the career of nursing and I am going to explain how nursing is a diverse multidimensional profession. According to the article â€Å"Opportunities in Nursing† by Betty Smith â€Å"Nursing in general is concerned with the care of people’s psychological, social, and physiological well being†. There are various types of nurses such as registered nurses, nurse anesthetist, psychiatric nurses, nurse practitioners and many more. The article â€Å"Careers in nursing† by Linda Burnes illustrates â€Å"careers in nursingRead MoreThe Career Of Nursing Career1825 Words   |  8 PagesNursing When people are sick or injured they need someone to take care of them and may need to see a doctor. But usually there are other professionals who will see them first and provide hands-on care before the doctor arrives. Many of these professionals are nurses. Within the healthcare sector focused on the care of individuals, families and communities, nurses may help patients attain, maintain, or recover optimal health and quality of life. When considering a nursing career, one needs to be aware

Frankeinstien Unit Test Part 2 Free Essays

Name: |Date: 3-11-13 | |Graded Assignment Unit Test, Part 2: Frankenstein Answer each question using complete sentences. Answer Questions 1 and 2 with responses of no less than one paragraph. Answer Questions 3 with a response of no less than three paragraphs. We will write a custom essay sample on Frankeinstien Unit Test Part 2 or any similar topic only for you Order Now (15 points) |Score | | | 1. Explain Mary Shelley’s use of reoccurring ideas (motif) in Frankenstein and provide at least two examples of this reoccurring image or idea from the text. Answer: -The women in the story were passive and suffered silently, like Justine who was executed for a crime she didn’t commit. Also abortion, Victor aborts his act of creating the female monster. (15 points) |Score | | | 2. What does duality mean? What examples from the text can you give as examples of duality? What do these examples say about the nature of human life in general? Answer: Duality is the state of quality of being two or in two parts. The monster shows duality in his ability to have and show love for others, and wanting for people to love him too. The flip side to that is his hatred for himself and wanting to destroy his creator for making him. (25 points) |Score | | | 3. Think about some of the characteristics (are they smart, dumb, tall, short, loud, quiet, funny, caring? ) of the 2 main characters in this story: Victor Frankenstein and his monster. How are these 2 characters similar? How are they different? Which of these two characters do you have compassion for the most? Why? Please give examples (quotes) from the novel. Answer: Victor and his monster are alike because they both share a dislike for each other, and the monster. Victor and his monster are both alone. They are different, because victor was raised by his family who loved him, while the monster was brought to life and basically abandoned by his creator who didn’t love him. |Your Score |___ of 55 | How to cite Frankeinstien Unit Test Part 2, Essay examples

Corporate Finance Test Notes Example For Students

Corporate Finance Test Notes Final Exam Corporate Finance FINC 650 1. Which of the following is not considered a capital component for the purpose of calculating the weighted average cost of capital as it applies to capital budgeting? a. b. c. d. e. Long-term debt. Common stock. Short-term debt used to finance seasonal current assets. Preferred stock. All of the above are considered capital components for WACC and capital budgeting purposes. 2. A company has a capital structure which consists of 50 percent debt and 50 percent equity. Which of the following statements is most correct? a. b. c. d. The cost of equity financing is greater than the cost of debt financing. The WACC exceeds the cost of equity financing. The WACC is calculated on a before-tax basis. The WACC represents the cost of capital based on historical averages. In that sense, it does not represent the marginal cost of capital. e. The cost of retained earnings exceeds the cost of issuing new common stock. 3. Which of the following statements is most correct? a. Preferred stock does not involve any adjustment for flotation cost since the dividend and price are fixed. b. The cost of debt used in calculating the WACC is an average of the after-tax cost of new debt and of outstanding debt. c. The opportunity cost principle implies that if the firm cannot invest retained earnings and earn at least rs, it should pay these funds to its stockholders and let them invest directly in other assets that do provide this return. d. The cost of common stock, rs, is usually less than the cost of preferred stock. 4. Assume a project has normal cash flows (i.e., the initial cash flow is negative, and all other cash flows are positive). Which of the following statements is most correct? a. b. c. d. e. All else equal, a project s IRR increases as the cost of capital declines. All else equal, a project s NPV increases as the cost of capital declines. All else equal, a project s MIRR is unaffected by change s in the cost of capital. Answers a and b are correct. Answers b and c are correct. 5. Which of the following statements is most correct? a. The NPV method assumes that cash flows will be reinvested at the cost of capital while the IRR method assumes reinvestment at the IRR. b. The NPV method assumes that cash flows will be reinvested at the risk free rate while the IRR method assumes reinvestment at the IRR. c. The NPV method assumes that cash flows will be reinvested at the cost of capital while the IRR method assumes reinvestment at the risk-free rate. d. The NPV method does not consider the inflation premium. e. The IRR method does not consider all relevant cash flows, and particularly cash flows beyond the payback period. 6. Project A and B both have normal cash flows. Project A has an internal rate of return (IRR) of 15 percent. Project B has an IRR of 14 percent. Both projects have a cost of capital of 12 percent. Which of the following statements is most correct? a. Both projects have a positive net present value (NPV). b. Project A must have a higher NPV th an Project B. c. If the cost of capital were less than 12 percent, Project B would have a higher IRR than Project A. d. Statements a and c are correct. e. Statements a, b, and c are correct. 7. Which of the following statements is most correct? a. If a project with normal cash flows has an IRR which exceeds the cost of capital, then the project must have a positive NPV. b. If the IRR of Project A exceeds the IRR of Project B, then Project A must also have a higher NPV. c. The modified internal rate of return (MIRR) can never exceed the IRR. d. Answers a and c are correct. e. None of the answers above is correct. 8. Which of the following is not an incremental cash flow that results from the decision to accept a project? a. b. c. d. e. Changes in working capital. Shipping and installation costs. Sunk costs. Opportunity costs. Cannibalization of existing products. 9. Risk in a project which has only negative cash flows can best be adjusted for by a. b. c. d. e. Ignoring it. Adjusting the discount rate upward for increasing risk. Adjusting the discount rate downward for increasing risk. Picking a risk factor equal to the average discount rate. Reducing the NPV by 10 percent for risky projects. 10. Suppose the firm s WACC is stated in nominal terms, but the project s expected cash flows are expressed in real dollars. In this situation, if prices are expected to increase, the calculated NPV would a. b. c. d. e. Be correct. Be biased downward. Be biased upward. Possibly have a bias, but it could be upward or downward. More information is needed; otherwise, we can make no reasonable statement. 1. Heino Inc. hired you as a consultant to help them estimate their cost of capital. You have been provided with the following data: rRF = 5.0%; RPM = 5.0%; and b = 1.1. Based on the CAPM approach, what is the cost of equity from retained earnings? A. 10.50% b. 10.71% c. 10.88% d. 11.03% e. 11.14% rs = 5% + (5%)*1.1 = 10.50% 2. P. Daves Inc. hired you as a consultant to help them estimate their cost of equity. The yield on the firm’s bonds is 6.5%, and Daves investment bankers believe that the cost of equity can be estimated using a risk premium of 4.0%. What is an estimate of Daves cost of equity from retained earnings? a. 9.77% b. 10.02% c. 10.19% d. 10.33% E. 10.50% 6.5% + 4% = 10.5% 3. You were recently hired by Hemmings Media, Inc., to estimate their cost of capital. You were provided with the following data: D1 = $2.50; P0 = $60; g = 7% (constant); and F = 5%. What is the cost of equity raised by selling new common stock? a. 11.02% b. 11.20% C. 11.39% d. 11.58% e. 11.74% 2.50/(60* 95%) + 7% = 11.39% 4. For a typical firm, which of the following is correct? All rates are after taxes, and assume the firm operates at its target capital structure. a. rd re rs WACC. b. rs re rd WACC. c. WACC re rs rd. D. re rs WACC rd. e. WACC rd rs re. 5. Maese Sisters Inc has been paying out all of its earnings as dividends, and hence has no retained earnings. This same situation is expected to persist in the future. The company uses the CAPM to calculate its cost of equity. Its target capital structure consists of common stock, preferred stock, and debt. Which of the following events would reduce the WACC? a. The flotation costs associated with issuing new common stock increase. B. The market risk premium declines. c. The company’s beta increases. d. Expected inflation increases. e. The flotation costs associated with issuing preferred stock increase. 6. Which of the following statements is CORRECT? a. In the WACC calculation, we must adjust the cost of preferred stock (the market yield) because 70% of the dividends received by corporate investors are excluded from their taxable income. b. We should use historical measures of the component costs from prior financings when estimating a company’s WACC for capital budg eting purposes. c. The cost of new equity (re) could possibly be lower than the cost of retained earnings (rs) if the market risk premium, risk-free rate, and the company’s beta all decline by a sufficiently large amount. d. The component cost of preferred stock is expressed as rp(1 T), because preferred stock dividends are treated as fixed charges, similar to the treatment of debt interest. E. The cost of retained earnings is the rate of return stockholders require on a firm’s common stock. Gothic and Arabic influences Essay21. Millman Electronics will produce 60,000 stereos next year. Variable costs will equal 50% of sales, while fixed costs will total $120,000. At what price must each stereo be sold for the company to achieve an EBIT of $95,000? a. $6.57 b. $6.87 C. $7.17 d. $7.47 e. $7.77 60,000X – 30,000X – 120,000 = 95,000 30,000X = 215,000 X = $7.1667 22. Brandi Co. has an unlevered beta of 1.10. The firm currently has no debt, but is considering changing its capital structure to be 30% debt and 70% equity. If its corporate tax rate is 40%, what is Brandi s levered beta? a. 1.2549 B. 1.3829 c. 1.5764 d. 1.6235 e. 1.7458 Levered Beta = Unlevered Beta = 1.3829 23. If a stock’s dividend is expected to grow at a constant rate of 5% a year, which of the following statements is CORRECT? The stock is in equilibrium. a. The expected return on the stock is 5% a year. b. The stock’s dividend yield is 5%. c. The price of the stock is expected to decline in the future. d. The stock’s required return must be equal to or less than 5%. E. The stock’s price one year from now is expected to be 5% above the current price. 24. The firm’s target capital structure is consistent with which of the following? a. Maximum earnings per share (EPS). b. Minimum cost of debt (rd). c. Highest bond rating. d. Minimum cost of equity (rs). E. Minimum weighted average cost of capital (WACC). 25. Which of the following statements is CORRECT? A. The capital structure that maximizes stock price is also the capital structure that minimizes the weighted average cost of capital (WACC). b. The capital structure that maximizes stock price is also the capital structure that maximizes earnings per share. c. The capital structure that maximizes stock price is also the capital structure that maximizes the firm’s times interest earned (TIE) ratio. d. Increasing a company’s debt ratio wi ll typically reduce the marginal costs of both debt and equity financing; however, it still may raise the company’s WACC. e. If Congress were to pass legislation that increases the personal tax rate, but decreases the corporate tax rate, this would encourage companies to increase their debt ratios. Show your work for problems and label your answers. 1. (12 points) Flagstaff Manufacturing’s (FM) only debt is represented by 800,000 bonds with a market price per bond of $1,050. It has 20 million shares of common stock outstanding with a market price of $50 per share, and no preferred stock. a. Calculate the market value of long-term debt and common equity, and the percentage of capital obtained from each source. $ % Debt 840M .4565 ComSt 1,000M .5435 Total 1,840M b. The bonds have a coupon rate of 7% and based on the market price of the bonds, the yield to maturity is 6%. FM has a 40% tax rate. Calculate the after-tax cost of debt financing. ATrd = 6 (.6) = 3.6% The market price of common stock is $50. The firm paid a dividend of $2.00 per share of common stock in the fiscal year that just ended. Dividends are expected to increase at an annual rate of 5%. The stock’s beta is 0.70. The risk-free rate is 5% and the expected return on the market is 11%. c. Calculate the required return on common stock using CAPM. rs = 5 + .70(6) = 9.2% d. FM does not plan to sell any additional shares of common stock this year and anticipates adding $20 million to retained earnings this year. Use the market value weights and your answers above to calculate the weighted average cost of capital (WACC). WACC = .4565 (3.6) + .5435 (9.2) = 6.64% 3. (10 points) Acme Chemical is considering two mutually exclusive machines: Machine X has a cost of $60,000 and provides after-tax cash flows of $42,000 per year for 2 years. It has a required return of 10%. Project Y has a cost of $100,000, provides after-tax cash flows of $40,000 per year for 4 years and has a required return of 12%. Machine prices and cash flows are expected to remain constant in the foreseeable future. Evaluate the two machines and make a decision: which should Acme purchase and why? Show your analysis, including any necessary calculations and make it clear what your decision is based on. Over a common 4-year life, the replacement chain NPVs are: X = $23,548 Y = $21,494 The equivalent annual annuities are: X = $7,429 Y = $7,077 Project X should be chosen: it has higher RCNPV and higher EAA. 4. (10 points) The cash flows associated with a project under consideration are shown below. The required return is 10%. Year 0 1 2 3 CF (1,000) 500 400 200 a. Calculate the NPV of the project. NPV = -$64.61 b. Calculate the IRR of the project IRR = 5.73% c. Calculate the MIRR of the project. MIRR = 7.58% 5. (20 points) Replacement project. Existing machine was purchased 1 years ago at a cost of $20,000. For tax purposes, it is being depreciated straight line at $4,000 annually. It can be sold now for 12,000 or used for 4 more years at which time it will be sold for an estimated $2,500. It provides revenue of $15,000 annually and has cash costs of $4,200 annually. A replacement machine can be purchased now for $26,000. It would be used for 4 years, and depreciated using straight line at $6,500 annually. It will result in total sales revenue of $20,000 annually, but because of its increased efficiency its cash expense would remain at $4,200 annually. It is expected to have a salvage value of $4,400 in 4 years. The new machine would require additional inventories of $800, and accounts payable would increase by $500. The tax rate is 40% and the required rate of return is 10%. a. Calculate the incremental initial cash flow associated with acquiring the replacement machine (i.e., CF0). Pri ce of new -ATSV of old, if sold now Increase in net WC Initial investment 26,000 -13,600 300 12,700 The initial investment is a negative cash flow.

Walgreens vs Cvs Accounting free essay sample

Compared to the industry average, CVS and Walgreens ROA are much higher. However, Walgreens ROA is higher than CVSs; which means that the latter is not benefiting as much from its assets as Walgreens does. In 2008, Both Companies have less ROA than 2004. In 2008, Walgreen’s has the least ROA during the five years of Data as it has struggled to maintain its level. Walgreen’s ROA hovers around 10%, where CVS’s ratio has a downward trend. It is important to note that the ratio Return on Assets is derived by multiplying Profit Margin by Total Asset Turnover. Return on Equity measures a firms efficiency at generating profits from every unit of shareholders equity (also known as net assets or assets minus liabilities). ROE shows how well a company uses investment funds to generate earnings growth. Both companies have extremely higher ROE compared to the industry average. Once again, Walgreen is taking more advantage of its shareholders equity than CVS. We will write a custom essay sample on Walgreens vs Cvs Accounting or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page From 2004 to 2008, Walgreen had a stable ROE that reached its highest in 2007 ( 18. 38%). On the other hand, CVS ROE went down significantly in 2007 from around 13% to about 8. . Keep in mind ROE equals ROA multiplied by Leverage (Assets/Equity). This being said CVS’s drastic downward jump can be explained not by its ROA (it stays fairly constant as we saw previously) but instead by it’s leverage. CVS greatly increased the amount of debt used to finance business operations between the years 2006 and 2007 jumping from around $9,900 to $31,000. Why CVS made this decision exactly is unknown. An interest coverage ratio below 1 indicates the company is not generating sufficient revenues to satisfy interest expenses. Obviously, they both have enough revenues to cover their interest expenses as CVS’s lowest recorded value was 9. 8, and the only available record of Walgreen’s is 115. Conclusion: Regarding the main ratios covered in this study, it seems that Walgreens is has an edge over CVS, not taking into account that Walgreens is larger than CVS. Walgreens has greater Returns on Assets, Return on Equity, as well as Profit margin. In other words, Walgreens is efficiently generating more profits from every unit of shareholders equity and debt and is benefiting more from the investment funds to generate earnings growth, and maintained a sufficiently higher amount of solvency. Also, Walgreens is generating more profits from its assets than CVS does. Although both companies profit margin is somewhat close, Walgreens has a greater profit margin than CVS. From 2004 to 2007, Walgreens had a greater profit margin than CVS.

Definition and Examples of Humorous Essays

Definition and Examples of Humorous Essays A humorous essay is a type of personal  or familiar essay that has the primary aim of amusing readers rather than informing or persuading them. Also called a comic essay or light essay. Humorous essays often rely on narration and description as  dominant rhetorical and  organizational strategies. Notable writers of humorous essays in English include Dave Barry, Max Beerbohm, Robert Benchley, Ian Frazier, Garrison Keillor, Stephen Leacock,  Fran Lebowitz,  Dorothy Parker, David Sedaris, James Thurber, Mark Twain, and  E.B. White- among countless others. (Many of these comic writers are represented in our collection of  Classic British and American Essays and Speeches.) Observations What makes the humorous essay different from other forms of essay writing is . . . well . . . its the humor. There must be something in it that prompts the readers to smile, chuckle, guffaw, or choke on their own laughter. In addition to organizing your material, you must search out the fun in your topic.(Gene Perret, Damn! Thats Funny!: Writing Humor You Can Sell. Quill Driver Books, 2005)On the basis of a long view of the history of the humorous essay, one could, if reducing the form to its essentials, say that while it can be aphoristic, quick, and witty, it more often harks back to the 17th-century characters slower, fuller descriptions of eccentricities and foibles- sometimes anothers, sometimes the essayists, but usually both.(Ned Stuckey-French, Humorous Essay. Encyclopedia of the Essay, ed. by Tracy Chevalier. Fitzroy Dearborn Publishers, 1997)Because of fewer constraints, humorous essays allow for genuine feelings of joy, anger, sorrow and delight to be expressed. In short, in Western literature the humorous essay is by and large the most ingenious type of literary essay. Every person who writes humorous essays, in addition to having a lively writing style, must first possess a unique understanding that comes from observing life.(Lin Yutang, On Humour, 1932. Joseph C. Sample, Contextualizing Lin Yutangs Essay On Humour: Introduction and Translation. Humour in Chinese Life and Letters, ed. by J.M. Davis and J. Chey. Hong Kong University Press, 2011) Three Quick Tips for Composing a Humorous Essay1. You need a story, not just jokes. If your goal is to write compelling nonfiction, the story must always come first- what is it you are meaning to show us, and why should the reader care? It is when the humor takes a backseat to the story being told that the humorous essay is most effective and the finest writing is done.2. The humorous essay is no place to be mean or spiteful. You can probably skewer a politician or personal injury lawyer with abandon, but you should be gentle when mocking the common man. If you seem mean-spirited, if you take cheap shots, we arent so willing to laugh.3. The funniest people dont guffaw at their own jokes or wave big look at how funny I am banners over their heads. Nothing kills a joke more than the joke teller slamming a bony elbow into your ribs, winking, and shouting, Was that funny, or what? Subtlety is your most effective tool.(Dinty W. Moore, Crafting the Personal Essay: A Guide for Writing and P ublishing Creative Nonfiction. Writers Digest Books, 2010) Finding a Title for a Humorous EssayWhenever Ive written, say, a humorous essay (or what I think passes as a humorous essay), and I cant come up with any title at all that seems to fit the piece, it usually means the piece hasnt really congealed as it should have. The more I unsuccessfully cast about for a title that speaks to the point of the piece, the more I realize that maybe, just maybe, the piece doesnt have a single, clear point. Maybe its grown too diffuse, or it rambles around over too much ground. What did I think was so funny in the first place?(Robert Masello, Roberts Rules of Writing. Writers Digest Books, 2005)

Firm that Works in an Ecosystem Essay Example | Topics and Well Written Essays - 1500 words - 26

Firm that Works in an Ecosystem - Essay Example The document or text goes ahead to give an example of a firm that works in an ecosystem that is Intel cooperation. Intel works in a network with its suppliers or upstream (like ASML and Nikon) and distributors in order to be successful. However, unlike in the second document that does not state the consequence of participating in a certain activity, the first text explains that some firms work independently and do not share information with the ecosystem; as a result, they suffer from problems such as delays. This text focus on why inter-firm coordination and interaction of investment decisions is important. Further, it critically examines the kinds of inter-firm coordination accounting and information systems are designed to enable this coordination such as roadmaps. In addition, the first text centers entirely on the operation of the business. For instance, it asserts that It is important to identify rival firms and determine their weaknesses, strengths, opportunities, capabilities , objectives, threats, and strategies. Competitive intelligence is, therefore, the main determinant for the success of a business organization in a commercial environment. Weaknesses of competitors are an indication of external opportunities while the strengths of the competitors are the threats of a business organization. It is also important for a business organization to collect competitive information, as this would be advantageous in setting up strategies. On the other hand, the second text aims at educating the public why reviews are conducted and the government department responsible for carrying out this function.  In the end, they manage to deliver their message to the audience by convincing them to accept the information presented.