Finance Case

CASESTUDY: Goodweek Tires, Inc. After extensive research and development, Goodweek Tires,Inc. , has recently developed a new tire, the SuperTread, and must decide whether to make the investment necessary to produce and market the SuperTread. The tire would be ideal for drivers doing a large amount of wet weather and off-road driving in addition to its normal freeway usage. The research and development costs so far total about $10 million. The SuperTread would be put on the market beginning this year and Goodweek expects it to stay on the market for a total of four years.Test marketing costing $5 mil-lion shows that there is a significant market for a SuperTread-type tire. As a financial analyst at Goodweek Tires, you are asked by your CFO, Mr. Adam Smith, to evaluate the SuperTread project and provide a recommendation on whether to go ahead with the investment. You are informed that all previous investments in the SuperTread are sunk costs and only future cash flows should be conside red . Except for the initial investment which will occur immediately; assume all cash flows will occur at year-end.Goodweek must initially invest $120 million in production equipment to make the SuperTread. The equipment is expected to have a seven-year useful life. This equipment can be sold for $51,428,571at the end of four years. Goodweek intends to sell the SuperTread to two distinct markets: 1. The Original Equipment Manufacturer (OEM) Market The OEM market consists primarily of the large automobile companies (e. g. , General Motors) who buy tires for new cars. In the OEM market, the SuperTread is expected to sell for $36 per tire. The variable cost to produce each tire is $18. 2.The Replacement Market The replacement market consists of all tires purchased after the auto-mobile has left the factory. This market allows higher margins and Goodweek expects to sell the SuperTread for $59 per tire there. Variable costs are the same as in the OEM market. Goodweek Tires intends to rai se prices at 1 percent above the inflation rate. Variable costs will also increase 1 percent above the inflation rate. In addition, the SuperTread project will incur $25 mil-lion in marketing and general administration costs the first year (this figure is expected to increase at the inflation rate in the subsequent years).Goodweek’s corporate tax rate is 40 percent. Annual inflation is expected to remain constant at 3. 25 percent. The company uses a 15. 9 percent discount rate to evaluate new product decisions. The tire market Automotive industry analysts expect automobile manufacturers to produce 2 million new cars this year and production to grow at 2. 5 percent per year thereafter. Each new car needs four tires (the spare tires are undersized and are in a different category). Goodweek Tires expects the SuperTread to capture 11 percent of the OEM market.Industry analysts estimate that the replacement tire market size will be 14 million tires this year and that it will grow at 2 percent annually. Goodweek expects the SuperTread to capture an 8 per-cent market share. You decide to use the MACRS depreciation schedule (seven-year property class). You also decide to consider net working capital (NWC) requirements in this scenario. The immediate initial working capital requirement is $11 million, and thereafter the net working capital requirements will be 15 percent of sales. What will be the NPV, payback period, discounted payback period, AAR, IRR, and PI on this project?

Anthropological Approaches to the Study of Language Systems

Anthropological Approaches* to *The* Study of Language S*ystems Language: The arbitrary vocal symbols human beings use to encode and communicate about their experience of the world and of one another. Linguistics: the scientific study of language Linguistic anthropologists study how language is formed and how it works, the history and development of language and the relationships between language and other aspects of culture Throughout time a change in language through modern technology All human beings have language it varies in terms of its nature and all language is equally sophisticated and complex All human beings have the capacity to learn language Children who are isolate and not socialized till the age of 6 cannot learn language (feral children) Communicative competence Linguistic Anthropology Focuses on the mechanics of language, including: Phonology (phonetics): the general study of the sounds used in speech by means of an internationally recognized system of symbols to represent the various phonetic sounds of speech. Syntax: the study of the manner in which minimum units of meaning (morphemes) are put together into phrases or sentences. Or, what English speakers call grammar. Historical Linguistics Studies the relationships of languages to one another and reconstructs how languages change over time. Includes an analysis of how the phonology of language changes over time (dialects, pidgins, creoles, and new languages). Includes an examinations of potential universals in linguistic principles of classification (are there universal classifications for colours? ) 12 different languages before European contact, why is that important? Because that means that there were people living in the North America for a very long time. It was so diverse! Specialized field that studies the relationship between language and culture. SapirWhorf Hypothesis: all human experience is to some extent, mediated through culture and language. Objects or forces n the physical environment become labelled in language only if they have cultural significance, and language systems themselves (vocabulary and syntax_ influence speakers perceptions of the world. How do Anthropologists study language? {text:list-item} {text:list-item} Proxemics: the study of the use of space in communication. Ex. Talking too close for comfort. Handshaking etiquette. Discourse Analysis:the analysis of a stretch of speech or other form of communication l onger than a sentence and united by a common theme. Often concerned with relations of power and inequality in language use and knowledge production. Ex. Global warming, refusing to use the word in communications. The way the language gets used in power relationships is important. Unique Design Features of Human Language *Openn*ess: the creative capacity of human language Displacement: the ability to talk about absent, abstract or nonexistent objects of subjects Arbitrariness: no universal link between particular linguistic sounds (sings) and particular linguistic meanings (signified). Duality of Patterning: arrangement of sounds(phonemes) is not random, but systematically patterned to create meaning bearing unites (morphemes). Prevarication: the ability for linguistic messages to be false or to violate convention. Lies, animals are not able to lie. Forms of Communicative Competence Linguistic Competence: human ability to learn correct assemblages of phonemes, morphemes and syntax (or grammar) Communicative Competence: human beings ability to learn culturally appropriate speech patterns. Much of communicative competence involves learning inter-textual codes. The concept of inter-textuality essentially states that meaning depends on our knowledge of linguistic and symbolic codes.

Joseph Campbell: The Power of Myth

Hardness Questions: The Power of Myth Chapters 1-3 1. Myth reveals spiritual truth about the world. Why read myths? You need myths to find your truth. You have elaborate myths to compare to everyday experiences and to other myths. â€Å"Myths give a meaning to life (Campbell, 5). Mythology is a collection of stories based on one's knowledge and stories of experience. Myths are clues to life meaning. They are clues to â€Å"spiritual potentialities† or your potential to develop spiritually and finding your inner self.For example, marriage creates a transformation In us spiritually because It transforms our perspective of ourselves and our ability to sacrifice. 2. Do people ultimately seek knowledge or experience? In your opinion which is more Important In the 21st century? People ultimately seek experience. They believe seeking experience is their true meaning of life. They want something to remember and something to live for and at the same time we do this to resonate from ou r Inner self because from experience we gain knowledge.This could be a reason many of the 21st century go towards their quest for experience and not knowledge. . What is Campbell definition of â€Å"consciousness†? How does this consciousness define the role of mythology In our world? Campbell says that consciousness is something that the mind uses to guide you to a certain direction or towards a set of purposes. Consciousness is all your thoughts at a deeper level and your awareness or perception of your surroundings. Your consciousness depends on your level of energy that leads us to higher level consciousness. What leads you to these levels of consciousness?Myth. Mythology transforms your consciousness on a deeper level and to a higher spiritual level. You can not develop your consciousness without mythology 4. How does the modern Western world relate to myths? The modern world developments are myths. The example of machines is a prime relation (Campbell, 24) but they tend to take over our idea of what's true. The modern world has rejecting myths and everything about them including the fact that nature surrounds the whole concept. Modern world has a mindset that everything Is about you, which rejects mythology spiritual messages. How do we live without myths and why does Campbell claim that America is moving too quickly to become mythologies? Are these two concepts related? When you live without myths you have to figure out life by yourself. That is why America is moving too quickly to be mythologies. As Campbell would say we are focused on â€Å"news of the day' and â€Å"problems of the hour† (Campbell, 1). We lose connection to the meaning to culture and the knowledge of life. These concepts are related because it explains America's slow self-destruction without myths. Chapter 2 1 .Why do myths reflect what we know inside is true? How do myths then help us with â€Å"the public dream? Myths reflect what inside is true because we all come from the same place we go through similar life experiences. We all grow and develop. Myth also comes from our dreams. Campbell describes dream by saying, â€Å"†¦.. A dream that talks about permanent conditions within your own psyche as they relate to the temporal conditions of your life right now. † (Campbell, 47). Your dreams truly reflect your inner self and are Just spiritual information about yourself. Your dreams are myths, personal myths.The Public dream is society without its corrupt ways and its lack of mythological knowledge. Myth helps correct this because it is society dream and it unites society. That one place is having a dream and when you are on the correct path you are finding your reason and your inner self. . Why are the world's creation stories so similar? The world's creation stories are so similar because of the similar environment and the basic experiences of birth, growth, temptations, and death. This creates a sense of curiosity where we ask â₠¬Å"how? † and â€Å"why? † and some record their thoughts.These records reflect mythical reality. The same concept of nothing, paradise, and distance from the creator. Cultures like Christianity, Sari tribes of West Africa, and the Pimp Indians. 3. What is a metaphor and how does it operate in religion? How does metaphor assist one with the â€Å"Journey inward†? A metaphor is a comparison that suggests something else. In religion, Campbell says that the metaphors used are not literal. It was a metaphor and in his definition metaphors are not to be taken literally. Myths are written in a way to be discovered and unknown so it is able to awaken your inner self.It is deeper that what most people have been interpreting it as. People may believe that Campbell was undermining Christianity when he said Jesus never really ascended into heaven when in fact he was Just cracking the code. It was a metaphor. Society problem is that we don't use connotation to interpret meta phors and myths, but use denotation. . How do myths help us to connect to the spiritual world? Myths and religion share the same qualities. Myths help connect to the spiritual world. â€Å"The myth is for spiritual instruction† (Campbell, 59). Myths help us relate to other spiritual reticence.Campbell uses the example to reincarnation and now it ties into other concepts of religion also, â€Å"†¦. Dimensions of your being and a potential for realization and consciousness that are not included with the concept of yourself. † (Campbell,70). In religion, you come out a new person spiritually because of experience Just like in myth. 5. Why is good and evil promoted in mythology? Discuss the purpose of good and evil in your response. Good and evil are promoted in mythology because of duality and characteristics of life. Many have come to a closed, biased mindset that everything should be good and nothing should be evil.Some people's idea of evil could be another's idea of good. There is no true definition of â€Å"good† and what is â€Å"evil† because we all contribute to it when we live life. We do need evil without evil there is no duality. They must coincide with one another. Chapter 3 1 . What do our souls owe to ancient myths? Myths from ancient times help with transcendence and understanding our fears and yeastier of life. It complements the mind and body on a track controlled by nature because we tend to become astray as we venture through life. Ancient times have the same human development as today.We grow up being taught certain things and how to be dependent then as we grow older we have to transcend into maturity and learn to become independent. Campbell says, â€Å"†¦. Myth has to serve both aims, that of inducting a young person into the life of his world-that's the function of the folk idea- then disengaging him. † (Campbell, 87). Myths open up ideas that lead up to your inner life. Ancient myths also give us rituals. This gives us a larger idea of life instead of what we see it as. It helps us understand the mysteries greater than us.How are men and women initiated into adulthood differently? Once initiated, is there room in modern society for negotiation of responsibility? Men are to be put into manhood automatically and must learn how to provide, seek, and act as society tells them to be. Man is formed by society. Women on the other hand give life, they are life. As Campbell says, â€Å"the girl becomes a woman with her first menstruation† (Campbell, 104). He says this to point out that woman is formed by nature. I think man has to work for their manhood while woman Just become a woman by control of nature.The woman gives and nurses without effort, while man has to work for his greater being. 2. How has religious instruction become â€Å"obsolete† to many people today? (focus on idea of ritual) Rituals help people grow and develop into appropriate individuals in socie ty. Today they have been ostracizes and are not followed correctly. As Campbell says it perfectly it is now â€Å"dumped down† and â€Å"lacks of substance† (Campbell, 104). Myths help us understand things that are more prominent than ourselves. We must enders an the overall picture bettor we truly understand ourselves.

Study Drugs and College Students

A. â€Å"As my classes started adding up my junior year, I seemed to have an immense amount of work and absolutely no time to do any of it. I had always heard about people taking Adderall to focus, study longer, stay awake. Essentially, to create the time that they needed. So, as the workload piled up, my search for Adderall began. Within twenty four hours I had five pills in my hand, costing me a mere five dollars. Five dollars for an A on an exam didn't seem as if it were any kind of price to pay at all (In Their Own Words ‘Study Drugs', 2012). B. We will now learn what types of study drugs are out there, why students take these drugs, and what types of effects these drugs have on students long and short term. II. What are the drugs that students use to help them in their studies? A. The most commonly used study drug is Adderall (mixed salts amphetamine) 1. â€Å"Adderall is indicated for the treatment of attention-deficit/hyperactivity disorder (ADHD) in children ages three and older; it is also indicated for narcolepsy. † (Editorial Board, 2012) 2. Adderall works by stimulating the central nervous system, which increases mental awareness and also causes sleeplessness (Adderall (CII), 2010). B. Other commonly used study drugs are Ritalin, Concerta, Focalin, and Vyvanse. C. These drugs have similar effects in that they are classified as Psychostimulants, which raises the user’s blood pressure and increases focus. (Desantis, 2010) III. Because these drugs work in increasing alertness and decreasing fatigue students use them. A. A 2008 study by Alan DeSantis the head of Communications at the University of Kentucky said, â€Å"81% of students believed that the use of study drugs had little or no physical risk† (Desantis, 2010). B. The pressure put on students to get good grades is a reason that students look for ways to help them in their studies. C. The Exponent reported that almost 3% of college students admitted to taking stimulants without a prescription to improve academic performance (Adderall abuse during exams should be cheating, 2013). IV. Because Drugs work effectively they have the potential to be harmful and addictive. A. Study drugs such as Adderall and Ritalin are amphetamines and can cause irregular heartbeats, high blood pressure, loss of appetite, and sleeplessness (Adderall (CII), 2010). B. Another side effect of continued use is the inability to reach the same stimulation from everyday things (Adderall (CII), 2010). C. Because most of the study drug users don’t have a prescription for the drugs, they don’t know the dosages or how much to take (Review Staff, 2010). V. Conclusion A. Not only are students willing to break the law by using these medications without prescriptions, but some even crush the pills up and snort them. B. All drugs that alter your mood have the risk of addiction, even if they are prescription drugs. C. The chemical compositions of meth and Adderall are only differentiated by one hydrogen bond. Works Cited (2010, May). Adderall (CII). Food and Drug Administration. Retrieved July 1, 2013, from www.accessdata.fda.gov/drugsatfda_docs/label/†¦/011522s040lbl.pdf In Their Own Words ‘Study Drugs'. (2012, June 9). New York Times. Retrieved from http://www.nytimes.com/interactive/2012/06/10/education/stimulants-student-voices.html?_r=0#/#1 Adderall abuse during exams should be cheating. (2013, March 22). The Exponent. Retrieved June 30, 2013, from http://www.purdueexponent.org/opinion/editorals/article Desantis, A. D. (2010). †Adderall is Definitely Not a Drug†: Justifications for the Illegal Use of ADHD Stimulants. Substance Use ; Misuse, 45(1/2), 31-46. Editorial Board. (2012, July 19). Use of ‘study drugs' gives unfair advantage. Iowa State Daily. Retrieved June 30, 2013, from http://www.iowastatedaily.com/opinion/article Review Staff. (2010, November 16). Adderall not a safe studying aid. The Review (University of Delaware). Retrieved July 2, 2013, from http://w ww.udreview.com/editorial/adderall-not-a-safe-studying-aid

Personal Risk Management Project Speech or Presentation

Personal Risk Management Project - Speech or Presentation Example When Bob or any member of the family injure someone else or damage someone else’s property, the law may compel them to pay for the damage or loss. In such a case, their life savings, properties like home, and even their future income are in jeopardy. If someone sues any member of this family, and without enough insurance cover a major judgment could make this faaamiiily bankrupt. (Rebecca) 2 b) The insurer will have no liability and will not have any legal binding to compensate Mr. smith for the stolen vehicle. Collision coverage protects your car against damage caused while you are driving .He requires to have a comprehensive coverage which protects His car from damages that are not related to driving, events such as storm ,damage, fires and stealing of a motor vehicle. Meanwhile Smiths must have Liability coverage because it’s a requirement under the law. 2 d) Bodily Injury liability will cover for injuries caused to a third party. There is also Property Damage liability which covers damage caused to the third partys property.. If Mr. Smiths have liability limits of 25/50/10, it implies that $25,000 will cover the bodily injury caused to another single person. $50,000 will be the maximum payment for bodily injury per accident. $10,000 is for property damage cover. In order to pay any expenses incurred as a result of the accident, $ 4,000 in Medicare is taken care of by the $5,000 medical payment cover per-person limit in the healthcare policy. However, for Mrs. Smith’s car she will have to provide extra funds to repair her own vehicle. In Sarah’s Health insurance plans, they have a 75-25 coinsurance .This typically means that after the deductible amount of $ 500 has been used up, she will be responsible for a set percentage of her medical expenses. She will be required to pay 25% of the hospital bill, while the insurer pays the other 75%. In her

Read the article Essay Example | Topics and Well Written Essays - 750 words

Read the article - Essay Example The thing to be kept in mind is that the economic constraints forcing the Liberals to raise tuition fee in Quebec are very different from those in Chile. Somehow, the writer is perhaps trying to link the unpopularity of the Chilean government with the Charest government in Quebec. In the first paragraph, the writer seems to be realistic and fact based while elaborating on acts of vandalism and mass protests being attributed to a large proportion of the students in Quebec. It becomes amply clear in the second paragraph that the education funding in Quebec is right now undergoing many changes. Now, the big question that needs to be asked is that had the students in Quebec tolerated this change, if it was led in by some other government than that of Mr. Charest? In that context, the Liberals come out in a positive light in the sense that they are willing to lead and manage change in consonance with the imminent economic realities in the province. Perhaps, this also leads to the conclusion that Parti Quà ©bà ©cois (PQ) is pro status quo and intends to grab power by pandering to the youth sentiment. It is amply clear that Quebec faces a huge budgetary deficit and hence needs to cut down on the government spending. However, is it that the government intends to make the best of this situation by fomenting the youth sentiment or is it that it is sincere in its intentions of cutting down on the budgetary deficit by initiating austerity measures in other aspects of the government spending also? The one other thing that needs to be asked is that why the successive governments in Quebec continued to resort to populist measures, as far as the funding of university education is concerned and why did they not initiate the austerity measures well in advance? Why now only? The steps taken by the Liberal government to manage student unrest seem to be reasonable, logical and understandable. The

Social networking and politics Essay Example | Topics and Well Written Essays - 500 words

Social networking and politics - Essay Example Early childhood program is expanded such that all students can access to it. This will include provision of universal access to pre-kindergarten and kindergarten education background (Ishiyama 69). This will enable students to get smart and stable background of their education. Students with stable background will not be having problems in their future education. In addition, adults who dropped out of the education process can access affordable programs, which were created specifically for them to continue with their education. Collaboration was created between school and community to bring social services and education together under one roof (Stiftung 83). This strove to help students and families who are at risk. Qualified teachers should be equally distributed in all parts to bring changes in current practices affecting students who are at risk of being instructed by less qualified and inexperienced teachers. Class size limits: class size limits should be enforced and extended to allow each student to get access and receive necessary individualized attention. This will make public education the highest priority. Experts should be put in charge of curriculum as non-partisans such that they can review any substantive changes to curriculum. The reviewed changes made on curriculum should be made public by the state board. Republican Party ignored the drop out crisis and did not propose any change or action to improve it. Republican Party also proposed that effective class size limits should be eliminated (Parmelee 134). They did not see any importance of effective class size limits on students and parents. Early childhood development: they oppose early childhood development and pre-kindergarten, as they believed that parents could train their children in their early development. They urged congress to remove government-sponsored programs that