Thursday, September 19, 2019
Dune :: essays research papers
Dune The book Dune has a science-fiction story line that associates two major themes frequently in the book. The title and the setting of the book are used to establish the bleakness and isolation of the planet Arrakis. The plot and resolution bring together the multiple factions including the emperor and the two major houses for control of the spice production. The title of the book Dune, plays a major part of the story. The planet of Arrakis where most of the novel takes place, is a desolate, isolated spot in the universe which isn't valuable for anything, but the spice. The people on the planet have it hard because of the gigantic sand dunes and the indigenous sand worms which live under the sand. The planet has no source of water on it except that of underground, which is very hard to come by. As you can see, "Water is precious there." (pg. 30) The plot of this science-fiction story deals almost entirely of the two major houses that at this time are sworn to destroy each other and the emperor. The two major houses want control of the spice on the planet of Arrakis which allows anyone who has it to fold space. Folding space means traveling anywhere in the universe without actually having to move. The House of Attreides gets destroyed by the House of Harkonnens in the fight over the spice. But on the planet of Arrakis, the local people of that world known as Fremen had had a prophecy that one day a savior would come and make peace where there was war on the planet of Arrakis. The duke's son of the House of Attreides escaped during the fight for the planet and crashed landed on the dunes where the Fremen lived. The duke's son, Paul, became their leader because of his great knowledge. He learned to control the giant sand worms and use them to his own advantage. The Fremen were determined to get rid of all the Harkonnens that ruled the world for
Wednesday, September 18, 2019
The Naturalist Ideas Essay -- Literary Analysis, Societal Structures
Important aspects of naturalism are the ideas that people are essentially animals responding to their basic urges without rational thought, and the insignificance of man to others and nature. In The Jungle, Sinclair portrays Jurgis as a man slowly changing into animal as well as a man whose actions are irrelevant to the rest of the corrupt capitalist world of Chicago in order to show the reader the naturalist ideas of the struggles between man and society. Jurgis's struggle between human thought and animalistic tendencies are evident in several major events in the book. In the beginning of Jurgis's life in Chicago, he can disregard most of the obstacles thrown at him by the corruption of man and keep his rational thinking dominant of his animal-like instincts. However, when Jurgis finds out that Connor has violated, harassed, threatened, and raped his wife Ona, he reached his breaking point. Jurgis was so overwhelmed with rage, he reverted back to his primal instincts and "sunk his teeth into the man's cheek" (153). We again see Jurgis "animal instincts" when he escapes from the city and lives in the countryside from a while. He has given up on being rational and has resorted to use his survival instincts like stealing and scavenging to survive. Sinclair shows us how these instincts will not help us survive in the end. Whenever Jurgis behaves like an animal, he is punished in some kind of way like an animal. When he attacks Co nnor, he is sent to prison and when he is in the rural area, he does not get any money to help him survive. Moreover, Jurgis does everything he can to help his family and himself survive, but regardless of his actions, the corrupt society plows through him without remorse or regret. Jurgis's op... ...te the flawed example of muckraking by The Jungle, the main reason for the use of muckraking was and still is an effective way of revealing the corruption of politics and businesses. Although The Jungle may not have served Sinclair purposes for social reform, it brought reform to the way food is handled. Without the enlightening view of the meat-packing business, even if false, the Meat Inspection Act and the Pure Food and Drug Act may never have been created. We still see examples of muckraking today from Morgan Spurlock's Super Size Me to magazines like People, Time, Cosmopolitan, and National Geographic. Muckraking is one of the few ways that the average person can find out about information quickly and easily. In certain cases, it even connects the nations together in order to fight a common enemy, whether it is political, social, natural, or supernatural.
Tuesday, September 17, 2019
Analysis of Arabian Nights
ARABIAN NIGHTS SYNOPSIS In Baghdad there was a Sultan named Shahryar who had gone mad because he accidentally killed his wife who was unfaithful to him for he had an affair with the Sultanââ¬â¢s brother, Schahzenan. He gone mad because he thought that every women wanted to kill him and for that he requests to bring a harem girl to marry and be killed the next day. A clever woman named Scheherazade decide to marry the Sultan in order to prevent his madness. With the help of a storyteller she tells the him a story every night and stopping every dawn with a cliffhanger and refuse to continue until its night time again.This prevents the Sultan to kill Scheherazade and the stories she was telling has lessons and will cure the madness of the Sultan. The stories she had told were Ali Baba and the Forty Thieves, The Tale of the Poor Hunchback, Aladdin and the Magic Lamp, The Sultan and the Beggar and The Three Princes. When Schahzenan heard about the Sultanââ¬â¢s madness and thought of it as his weakness, he took advantage of it. He formed an army to battle with him in getting the throne but he failed because Sultan Shahryar was cured by Scheherazade with her stories.The Sultan fell in love with her and because of the morals of her stories they defeated the army. At the end, Scheherazade was telling the whole story to her children. ANALYSIS 1. Give three traditional, cultural and customary practices shown in the movie. Explain its significance. A. The remarriage of the Sultan after the death of his wife or to pass the throne to a sibling. This can be considered a tradition because this practice has been done a long time ago. Almost all royal families do this. This is an important tradition because this speaks of loyalty and sincerity of the king or the sultan to his position.Marrying again shows that he is dedicated to his position that he does not let his emotions conquer him. That even he is grieving to the death of his former wife; he doesnââ¬â¢t mind it be cause what more important is his people and not his own self and own happiness. He is not willing to give up the throne because he knew it might affect his people and their daily lives. When the leader changes, adjustment of the people becomes difficult. Many would not agree and many will be against it. A good leader knows this well that is why he gives good decisions. B. The performance of an exotic dance to celebrate a victory.This is a cultural practice for this shows the culture of a certain group. In the movie, in the part about Ali Baba and the Forty Thieves, Morgiana, the love of Ali Baba performed a dance in celebration of their victory. It is a victory for defeating the enemies. This is significant because this presents the true picture of a group. It shows what the group is, what do they do and how they make-known their culture. It is therefore important because this will be the way that they can be recognized and appreciated. That they can show to all that they also posse ss a rich culture.In just a simple dance number, every movement, the music, the steps, the costume and the emotions talks about something, it talks about a story which is about them and their tradition. C. The offering of a dowry in asking a princess for marriage. This is a very known practice ever since for in ancient stories every man who wants to marry should offer something special and costly to the woman and the family. This is also considered important because this shows respect and assurance to the future of the couple. This just represent that the family of the woman can be at peace that they can give their child to a trustworthy man.And this is also important because this gives a man the opportunity to present himself and prove to be a gentleman. 2. Give three to five representations of human character and how these human nature shown in the movie. A. Courageous Courage is the ability to face difficulty and this trait is possessed by Scheherazade. She was willing to risk he r life just to save her fellow women from the mad Sultan. Even she was a little nervous of what she had decided, she face the challenge with great courage and bravery, letting her fate decide what will happen to her as long as she pursue her plan.B. Wise This trait is possessed by Aladdin when he snatched the lamp from Mustappa. He used his skills and took it as an opportunity to bring back the lamp to his owner, himself. Even pick-pocketing is a bad habit, he still used it in a useful and good reason. He did it because he knew, Mustappa has evil plans for it. C. Oppurtunistic This negative trait is possessed by Sultan Harun Al-Rashid when he always plays a prank with the beggar, Amin. He took advantage of Amin because he thinks he is weak and that he could have fun using him.But at the end, because of his bad trait, he faced his consequence and that is to be killed by the person he belittled before. D. Loving This is presented by the three princes, they showed how much they love th eir father even at first, they always compete and quarrel. Even they always do this, their reason is always, they love their father and they will do anything for him. When they were requested to bring back a special thing to their father, they exerted effort and time just to have it. And also because of the love they have for their parent, the three of them learn to rule the kingdom with peace and harmony.E. Pessimistic Sultan Shahryar is pessimistic. This was shown when he was betrayed by his wife. Because of this experience, he blinded himself that all women are trying to kill him. He generalize that women has bad intentions against him. He did not try to see the brighter side of life, that what had happened to him has a purpose and reason, instead he let himself sink to his emotions and this had conquered his mind that is why he became mad. 3. Give three universal truths drawn from the movie and its application to personal experience. A. No man is an island.Even if how strong a p erson is, how brave he is and how unbreakable he is, he might not admit it, but he still needs a shoulder and a hand for support. I am not this kind of person but I think this is one lesson that might get from the story. I observe this with others, who shows the world they do not need help but when problems come they hopelessly aiming for it. Nobody survives alone, everyone needs somebody because as I can see, you cannot talk, cry, laugh and tap yourself. Itââ¬â¢s much better to see someone who are happy when you are happy and wipes your tears when in pain.For short, itââ¬â¢s best when you have true friends. B. People who do bad things suffer the consequence of their action in the end. I always believe in this line because every action done has a corresponding consequence, may it be good or bad, it always depends on the former action. In my experience, what I did was, I didnââ¬â¢t ask permission that Iââ¬â¢ll accompany my cousin at the park. We went there and played in à ¢â¬Å"monkey barsâ⬠. Unfortunately, I fell and broke my bone in the arm. And I really put this lesson in my mind. I also saw this in people who engaged in bad activities like pick-pocketing.They might benefit in that act but the so called karma, it might not strike them, instead their loved ones suffer for them. C. Everything happens for a purpose. This lesson may be applied in every situation and in any kinds of problems. Whatever happens, there is always a reason, we may not see it easily but as time passes by, we tend to realize why it had happened. Many problems come and sometimes we fail, but we should be open minded and realize that bad things happen because it will be exchanged with much of happiness. BEST PART OF THE MOVIEFor me, the best part of the movie is when Scheherazade conducted her plan to save the women and to rescue the Sultan from madness. In the time that she told the Sultan stories in order for him to heal. I like this because it showed ââ¬Å"girl-powerâ ⬠. It showed that even a long time ago, women had also out win men. That in a simple act, she had changed a very big thing. In this part, it showed that women are wise and courageous. I am very pleased and as I see it, I canââ¬â¢t resist feeling very proud of her and us, her fellow women. It showed that we can also be strong, that we can also stand and conquer something.It can be respect, power and appreciation of others. Itââ¬â¢s brings me to an inspiration that I can also be like her, to have the courage to face difficulties. RECOMMENDATIONS 1. When watching the movie, the viewer should listen and take notes of the lines being uttered by the characters. This is because, these lines give inspiring thought to its viewers and it can be applied to some situations in each lives. 2. When watching, try to see yourself in the situation or in the characters because there is reality in their every action. There is truth in what they are doing because it can happen in a person in c ertainty.
Monday, September 16, 2019
Outline Template Essay
Writing Prompt: How have these two authors expressed their relationships with nature? After reading and analyzing ââ¬Å"The Calypso Borealis,â⬠an essay by John Muir, and William Wordsworthââ¬â¢s poem, ââ¬Å"I Wandered Lonely as a Cloud,â⬠write an essay in which you describe how each author views nature and answer the question. Support your discussion with evidence from the text. I. Hook: John Muir and William Wordsworth were both two lonely people who had their love, passion, and connection for nature in common. Nature had brought them an abundance of joy, and took away their loneliness and sad states. A. Bridge: At some point, they had decided to put it down on paper how it affected them. Muir and Wordsworth described how natureââ¬â¢s essence had healed their minds and healed them of their negativity. The essence of nature brought feelings of peace and serenity to their souls, getting rid of the depression that had once been in their minds. B. Thesis: Wordsworth and Muir convey their deep connection and passion for nature by utilizing similes and hyperboles to assert the reader how much nature has affected their life. II. Topic Sentence: As much as John Muir loves to set off on journeys to discover different, unique kinds of plants, this was one of his favorite encounters heââ¬â¢s ever had, and it was also the one that affected him immensely. A. Example, Reason, Detail, or Fact from the text: In the essay, he states that ââ¬Å"this Calypso meeting happened some forty-five years ago, and it was more memorable and impressive than any of my meetings with human beingsâ⬠. B. Explanation: Even though it was a long time before he wrote the essay, finally coming face to face with the Calypso borealis moved him so much. He felt mesmerized by the plant, and he was overwhelmed with passion and emotion at the sight of it. C. Example, Reason, Detail, or Fact from the text: Muir had also rendered that he had felt ââ¬Å"strong and exhilarated as ifà never more to feel any mortal care.â⬠D. Explanation: In other words, he felt like there was nothing that could bring him down. As soon as he saw that plant, he felt as if he could carry the whole world on his shoulders, like nothing could stop him. III. Topic Sentence: Although Muir wasnââ¬â¢t the only one that felt fulfilled by nature, William Wordsworth also felt similar towards nature. He wrote I Wandered Lonely as a Cloud about a specific field of daffodils he walks among that fills him with delight. A. Example, Reason, Detail, or Fact from the text: For instance, Wordsworth uses words with positive connotation like glee, gay, jocund, bliss of solitude, and pleasure throughout the poem. B. Explanation: He tends to use it to describe the positivity and happiness he feels because of the daffodils. C. Example, Reason, Detail, or Fact from the text: Another thing that proves his happiness in the poem is the fact that in the beginning, he said he wandered lonely as a cloud, meaning he was walking about aimlessly as he felt alone. D. Explanation: Then he saw a whole crowd of daffodils, and now whenever he feels numb or empty, he just thinks about the daffodils, and his heart will ââ¬Å"fill with pleasure and dances with the daffodils.â⬠IV. Conclusion: A. You will write a conclusion in a later lesson and do not need to complete this part now.
Sunday, September 15, 2019
Preparing to Write and Drafting the Paper Essay
When it came to writing all these papers I gave myself time to think about the topics and tried to make sure I understood them before I sat down to write the essays. I have never really been a strong writer when it came to essays in high school it was not an easy task for me. I never had a good strategy when it came to actually writing the papers and putting everything in order. I figured out how to stop worrying so much about getting the assignment turned in on time because that would always stop me from thinking more about the paper then it would turn out bad and I would even up getting a bad grade which would make me feel horrible. I figured out that I should worry more about the paper and then I would be able to focus on the paper so I would be getting it done on time as well. My strategy for writing a paper requires me write a rough draft, take sometime to reread it and then type it making sure everything is spelled correctly. Then making sure all my grammar is correct through out my entire paper also, making sure that I have the correct punctuation everywhere its needed. Then after typing up everything I go through the paper one last time to make sure there isnââ¬â¢t anything I need to add or take out which is usually where I see where I need to change my sentence structure and add certain works or move sentences to different paragraphs. With this class itââ¬â¢s actually been a good experience for me when it came to writing papers and trying to get everything done either early or on time. My writing process has improved with taking this class because I have actually taken time to figure out what Iââ¬â¢m going to write about when it comes to the subject and I take care of the assignment in a timely manner. These essays all seem to me that they can be directed to the same audience and can be given with the same enthusiasm because they can be directed to some one in their 20s or 30s because it talks about taking an online courses along with other things along those lines. It would be a speech that I would defiantly be interested in because of how the person would talk to us also with the vocabulary they use because it wouldnââ¬â¢t be a speech that I couldnââ¬â¢t understand. When someone is trying to give a speech or write an essay its difficult when your trying to gauge what type of audience when they are giving a speech or when they are writing a essay trying to figure out if they covered all the important points that need to be covered and that is going to give you the best grade you can get with the course your taking either online or in a classroom. When you first start out with a paper you are a little unsure as to what you are trying to tie together in the very first paper you write but they you figure out what you need for the next couple papers and it gets a little easier for constructing the paper. Trying to get people interested in the subject you are writing or speaking about can be one difficult task because people tend to get bored very easy or they want to learn, about something different not the subject that you are talking about. Papers are what you seem to make them because you can either make them hard or you can make them easy on yourself. If you stress yourself out then you make it more difficult but if you make it easy by trying to take what time your given to make it a good paper. Making sure everything is in the right order that you professor will accept it a very big deal because they look for little mistakes and want you to do the best that you can when it come to the well being of your grade and your class. When you put it all together and present it to either your professor or your audience it can go either one of two ways good or bad. You can always hope it goes good but sometimes you can get some criticism when it comes to what was good and what was bad to your paper or speech. Just making sure everything is in order and how you want everything to be good.
Saturday, September 14, 2019
Finance: Free Cash Flow
inance COOPERATE FINANCE| Miss Afifa| | Assignment# 4| | UMAIR ASIF11 March 2013| You submitted this Assignment on Sun 10 Mar 2013 7:21 PM PDT. You got a score of 85. 00 out of 100. 00. You can attempt again, if you'd like. Top of Form Please read all questions and instructions carefully. Note that you only need to enter answers in terms of numbers and without any symbols (including $, %, commas, etc. ). Enter all dollars without decimals and all interest rates in percentage with up to two decimals. Read the syllabus for examples.The points for each question are listed in parentheses at the start of the question, and the total points for the entire assignment adds up to 100. You are strongly encouraged to use spreadsheets. Refer to Note on Sample Cash Flow Template. Question 1 (5 points) The project with the highest IRR is always the project with the highest NPV. Your Answer| | Score| Explanation| True| | | | False| ? | 5. 00| Correct. Try now to sort this out in different contexts,| Total| | 5. 00 / 5. 00| | Question Explanation This is all about the fundamental difference between IRR and NPV. Question 2 10 points) Ann Arbor is considering offering public bus service for free. Setting up the service will cost the city $0. 6M (where M stands for million). The useful life of the buses is 25 years. Annual maintenance of the buses would cost $50,000 per year and they would need a major overhaul in year 15 that will cost a total of $350,000. This overhaul is in addition to the annual maintenance. Annual operating costs will begin at $90,000 in year 1 and grow at 2% per year thereafter. By using the buses as advertisement space, the city will generate a revenue of $75,000 in year 1 and it will grow at 4% per year thereafter.Reduced parking requirements and other benefits generated by the project will save the city $100,000/year. The salvage value (price city can get in the future after maintenance) of the used buses in year 25 is expected to be $150,000. What is the NPV of the bus proposal? Ann Arbor does not pay taxes and the discount rate is 5%. (Again, all cash flows except initial investments happen at the end of the year. ) (You are strongly encouraged to use a spreadsheet. ) Your Answer| | Score| Explanation| -10223| | | | 29847| ? | 10. 00| Correct. You apparently have thought through issues. 31222| | | | 19323| | | | Total| | 10. 00 / 10. 00| | Question Explanation A real world problem with some simplifications in cash flows. Question 3 (5 points) Alpha Inc. has the following two projects that it is considering, and it wants to choose one. Project A has an investment outlay/expense today of $1,000, and its cash flows over the next three years are $500, $600, $700. Project B has an outlay of $2,000, and cash flows of $1,000, $1,200, and $1,400. Which project should Alpha choose? (You can assume no taxes. ) Your Answer| | Score| Explanation| Project A| | | |Does not matter; both are essentially the same| | | | Cannot make a choice based on information| ? | 5. 00| Correct. What information is missing? | Project B| | | | Total| | 5. 00 / 5. 00| | Question Explanation This question is probing your comfort level and understanding of decision making; and the most common pitfall we confront all the time. Question 4 (10 points) Mango Technology has the following three projects that it is considering; it can choose only one. Project A has an investment outlay/expense today of $100M, and its cash flows over the next three years are $20M, $40M, $70M.Project B has an outlay of $110M, and cash flows of $40M, $80M, $20M; Project C has an outlay of $120M and cash flows of $0M, $20M, and $142M. Which project should the company choose if the cost of capital for similar projects is 6%? Your Answer| | Score| Explanation| Project B| | | | Project C| | | | Do not have enough information| ? | 0. 00| You do have enough information. Try again. | Project A| | | | Total| | 0. 00 / 10. 00| | Question Explanation This is an exercise in testi ng your knowledge pitted against our tendency to choose the incorrect criterion for making decisions.Question 5 (5 points) To get from net operating profits after tax (NOPAT) to free cash flows (FCF), you need to ADD back depreciation, SUBTRACT capital expenditures and ADD net working capital (i. e. , current operating assets ââ¬â current operating liabilities). (Free cash flow is another name for cash flows. ) Your Answer| | Score| Explanation| False. | ? | 5. 00| Correct. You understand the nature of ââ¬Å"capital. ââ¬Å"| True. | | | | Total| | 5. 00 / 5. 00| | Question Explanation This is an important issue that makes you focus on differences between stocks and flows. Question 6 5 points) Last year your firm had revenue of $20 million, cost of goods sold (COGS) of $12 million, Selling, General, ; Administration costs (SG;A) of $2 million, Account Receivables (AR) of $6 million, Account Payables (AP) of $4 million and Inventory of $4 million. What will be the free cash flow next/this year if you boost revenue 6% and AR 12%, while holding COGS growth to 3% and everything else remains the same as last year? (Assume no taxes and no new capital expenditures. ) (You are encouraged to use a spreadsheet even for this specific type of question. ) Your Answer| | Score| Explanation| 4170000| ? 0. 00| Review the basics; see template and references. | 6120000| | | | 7240000| | | | 5250000| | | | Total| | 0. 00 / 5. 00| | Question Explanation Cash flow estimation for a specific year. Question 7 (15 points) Rain in Spain (RiS) is a manufacturer of high quality raincoats. Currently, the retail price of each raincoat is $70 and is produced at a cost of $45. This past year, they sold 50,000 raincoats and they expect this number to grow each year by 6% each year for the next 10 years. The operations team at RiS recently brought to your attention a new technology that could lower the cost of production.This technology requires an upfront fixed investment of $2,000,000 a nd has the capacity to produce up to 90,000 raincoats per year at a 12% lower cost per unit. There is no increased working capital need due to this new technology, and no value of the machine/technology after 10 years. What is the NPV of investing in the new technology? Ignore taxes and assume a discount rate of 14%. (Hint: Think incrementally; the difference between the world without and with this new technology! Also, ignoring taxes will be a big help if you think right. ) (Enter just the number without the $ sign or a comma; round off decimals. (You are strongly encouraged to use a spreadsheet. ) Answer for Question 7 You entered: Your Answer| | Score| Explanation| -150683| ? | 15. 00| Correct. You exhibit a clear understanding of how to conduct incremental analysis. | Total| | 15. 00 / 15. 00| | Question Explanation A probing question that is all about the creation of value; incremental value. Question 8 (15 points) Fresh off the excitement of the 2012 London Olympic Games, you decide that you want your firm to take advantage of the profits to be made for the 2016 games in Rio de Jeneiro. To do so you plan to open a factory in Brazil.After examining the idea, your CFO projects revenues next year (2013) to be $15 million and costs to be $9 million. Both of these are expected to grow at a rate of 25% per year as the excitement for the games builds. Your firms faces a 35% tax rate, a 14% discount rate and you can depreciate your new investment using the straight line method over the four years leading up to the games, at which point the value of the venture moving forward will be $5 million. (This $5 million is the terminal value that is in year 4 (that is, 2016) dollars and is the PV of all cash flows year 5 and beyond. The capital expenditure of this project is $12M. What is the NPV of the project? Assume that you have no significant working capital costs. (Enter just the number without the $ sign or a comma; round off decimals. ) (You are strongly encourag ed to use a spreadsheet. ) Answer for Question 8 You entered: Your Answer| | Score| Explanation| 9815100| ? | 15. 00| Correct. You know how to set up and execute a valuation exercise, albeit a simplified one. | Total| | 15. 00 / 15. 00| | Question Explanation A valuation exercise that includes most of the elements of a real world situation. Question 9 15 points) Starbuck's is considering opening another store in Chicago. A store is expected to have a long economic life, but the valuation horizon is 7 years. The store in Chicago is expected to create revenues of $3M in the first year and they are likely to grow at 2% per year thereafter. The cost of goods sold are $1. 2M in year 1 and they are also expected to grow at 2% per year thereafter. Selling and administration costs are likely to be $0. 5M in the first year and then grow at 5%. The tax rate is 35%. Starbucks is so good at managing its stores that working capital increases can be assumed to be negligible.But Starbucks will hav e to invest $3. 5M in purchasing a store (with land). The good news is that this outlay can be depreciated straight line over 7 years. Also, Starbucks has estimated that the terminal value in year 7 dollars will be $10M. This value is the value of all cash flows in year 8 and beyond. What is the NPV of opening this new store if the appropriate discount rate is 7. 75%? (Again, all cash flows except initial investments happen at the end of the year. Enter just the number without the $ sign or a comma; round off decimals. )(You are strongly encouraged to use a spreadsheet. ) Answer for Question 9You entered: Your Answer| | Score| Explanation| 7879584| ? | 15. 00| Correct. You are now building spreadsheet models. | Total| | 15. 00 / 15. 00| | Question Explanation It is time to do a more complete project analysis. Strongly encourage use of spreadsheets to build cashflows, though remember that you can do it step by step as well. Question 10 (15 points) Big Blue Granite (BBG) needs to purc hase a new saw for creating their top quality countertops. Saw A costs $250,000 with $4,000 of annual maintenance costs for the first year that will increase by 5% each year for the 7-year life of the saw.Saw B costs $150,000 with $10,000 of annual maintenance costs for the first year that will increase by 15% each year for the 4-year life of the saw. Which saw should BBG choose? What is the annualized cost of this choice? Assume a discount rate of 12%, and ignore all taxes. Your Answer| | Score| Explanation| (B, 46794)| | | | (B, 49983)| | | | (A, 59331)| ? | 15. 00| Correct. You know how to figure out the true annualized cost. | (A, 40367)| | | | (A, 38682)| | | | (B, 61624)| | | | Total| | 15. 00 / 15. 00| |
Friday, September 13, 2019
Effect of Gambling to British Teenagers Essay Example | Topics and Well Written Essays - 2500 words
Effect of Gambling to British Teenagers - Essay Example The relationship between the two is very closely related because of nature of the hobby. One of the main reasons why teenagers turn to other criminal activity is because they need money. The easiest and fastest way to make money for gambling is stealing. There are many different level of stealing first of teenage gamblers steal money from family, mothers purses, fathers wallet or siblings piggy banks. This happens because parents and family members are against the idea of gambling and will not fund it therefore turn to unethical measures. More extreme cases have stolen from shops, other people and houses. The other main problem with teenage gambling is that it is associated with vices such as drinking, drugs and sex. Being underage and following the gambling life style will eventually lead you to problems such as alcoholism etc. In casinos they encourage drinking therefore being in that environment will lead you down that path. In 2002, the British government released a report regarding the proposed changes in the UK gambling law. It is a change that is expected to elevate the annual sum gambled in Britain to more than 60bn from 42bn a year (BBC News). The Gambling Act 2005 also called the Gambling Bill is a response to the Gambling Review Report made by the Department of Culture, Media and Sports in 2001 (Gamingfloor.com). One of the objectives of the Gambling Act 2005 is to prevent "gambling from being a source of crime or disorder, being associated with crime or disorder or being used to support crime" (UK Parliament). The Act "mainly applies to England and Wales, and to Scotland, and is designed to control all forms of gambling" (Wikimedia Foundation, Inc.). The Act only entered into force in September 2007 (Sprecher Grier Halberstam LLP). "Some provisions of the bill faced controversy, particularly in its original form, where it would have allowed large numbers of so-called 'super casinos' to have been set up" (Wikimedia Foundation, Inc.). "The Act also specifically regulates internet gambling for the first time" (Wikimedia Foundation, Inc.). The law was basically aimed at restricting other activities but it has paved way for more casinos in Britain. Particularly, it will allow casinos with up to 1250 slot machines and unlimited jackpots. (BBC News). The Facts on Gambling Upon the announcement of the Bill, BBC News made an investigation about the status of gambling in UK and the gambling habits of Britons in 2002. In 2002, it was found out that "Six out of ten adults in the UK spend up to 50 each month gambling on sporting events or the Lotto, according to government figure" and that "the industry is already worth 42bn a year" (BBC News). Some of the gambling activities subscribed by the British are Lotto, Bingo, Slot Machines, Casinos, Betting and Internet Betting. It is estimated that "more than 30 million people regularly buy a ticket for the Lotto" with around 4.983 million tickets sold in the years 2000-2001 according to the National Lottery Commission (BBC News). "The UK
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