Wednesday, October 9, 2019
Capital Budgeting Decisions
The purpose of the report is to help the GM (A Large Carpentering Firm) to take the investment decision. GM wants to replace one of its existing sawing machines with the new one. For this purpose, two alternate sawing machines are considered, machine A is fully automated while machine B operates on standard technology. The problem is to find out which machine will be best suitable for replacement through using capital budgeting techniques such as NPV, IRR and pay back period method. There is clear objective to evaluate proposed Machines (A and B) with the help of various techniques of capital budgeting techniques. Another purpose is to guide management of GM on selection of best alternative through applying practical as well as theoretical aspects of capital budgeting. In order to evaluate the Machine A and Machine B through using capital budgeting methods, following methods have been used. Pay back period method is one of the most used methods used for capital budgeting decisions. It measures the length of time required to recollect the expenses made on the project in first year. It helps to analyst to know whether to undertake the project or not. Longer pay back periods are not desirable for investment purpose as compare to project where cost of project is recovered in less time (Brigham and Ehrhardt, 2011). This method does not consider time value of money and cash inflows are subject to any present value factor as in case of other methods. In case GM firm, Mr. David wants to evaluate two machines on pay back period basis. Calculations are as under: Pay Back Period of Machine A: 4 years + [(660,000-644,000)/ (1,094,000-644,000)] years                                                            = 4 years +0.053 years                                                            = 4.053 years Pay Back period of Machine B: 3 years + [(360000-304000/ (390000-304000)] years                                                            = 3.65 years Net present value is the difference of present value of cash inflow and present value of cash outflows. This method is used in capital budgeting decisions and helps in evaluating the profitability of project or investment. This method considers time value of money, so, it is regarded as one of best method to evaluate the project for capital budgeting purpose (Pratt, 2010). Net Present Value of Machine A: Present value of cash inflows for Machine A – Present values of cash outflows for Machine A                                    = $ 718,132.88 - $ 660,000                                      = $ 58132.88 Net Present Value of Machine B: Present value of cash inflows for Machine B – Present values of cash outflows for Machine B                                    = $ 43483.24 Internal rate of return refers to an interest rate where all the present value of cash inflows and cash outflows become zero. This interest rate is the rate at which project will earn if that project is selected (Drake and Fabozzi, 2012). This method of capital budgeting is used to analyze the attractiveness of the project. Project or investment is selected in case IRR is more than the firm required rate of return. Project or investment is rejected where IRR is less than the firm required rate of return. In the case of GM Company, the required rate of return is 13 %. On analyses if it has been found that IRR of Machine A or B is greater than that machine will be selected which has highest IRR (Fridson and Alvarez, 2011). On the basis of above analysis, the key findings are as under:  $                                   58,132.88 Rankings of Machines as per the method On the basis of various factors and ranking procedure applied to choose either machine A and B, it is concluded that GM firm must invest in Machine B to receive the outflows in less time period with highest IRR. As regards to NPV, Machine A has to be selected but it is also true that both machines have positive NPV (Staubus, 2013). There are many other factors that firm must considered while taking the investment decisions. Every investment requires outflow of cash at the beginning keeping in mind that such investment will provide higher benefits in future years (Bull, 2007). Therefore, decision related to plant and machine must be evaluated using capital budgeting methods but it is also important to consider factors like technology used in machine, other cost related with machine and functional capacity of the machine. In case of GM firm, Mr. David should consider following factors: Brigham, E. F. and Ehrhardt, M. C. 2011. Financial Management: Theory and Practice. Mason: Cengage Learning. Bull, R. 2007. Financial Ratios: How to use financial ratios to maximize value and success for your businesses. Elsevier. Drake, P. P. and Fabozzi, F. J. 2012. Analysis of Financial Statements. John Wiley & Sons. Fridson, M. S. and Alvarez, F. 2011. Financial Statement Analysis: A Practitioner's Guide. John Wiley & Sons. Menicucci, E. 2014. Fair Value Accounting: Key Issues Arising from the Financial Crisis. Springer. Mumba, C. 2013. Understanding Accounting and Finance: Theory and Practice. USA: Trafford Publishing. Pratt, J. 2010. Financial Accounting in an Economic Context. John Wiley & Sons. Staubus, G.J. 2013. The Decision Usefulness Theory of Accounting: A Limited History. Routledge.
Tuesday, October 8, 2019
The Current Status of Literacy in Mathematics Research Paper
The Current Status of Literacy in Mathematics - Research Paper Example Despite the application of the important factor in education, knowledge remains to be a fundamental part as it provides the foundation for people to practice their own calling or profession. It means that a significant portion of profession gives importance to literacy. People can only function to the extent of what they know. It also shows that research on education is very important. Research is done to improve the literacy and education globally. It has also recognized the recent developments in technology that allows the information to be disseminated in a wider scope using the internet. It has bloomed the concept of interconnectedness which has significantly improved the business, work and overall living of people worldwide. In short, it can also be used to improve the education system. The same interconnectedness has also been known across fields of specializations and body of knowledge. Science can be used in music which means systematic ways of doing things in making songs ma y entail the use of both science and music. Some may even use music in learning the subject matter like in language. Singing can be used to easily remember the important concepts like a song on nouns for a language class.Literacy has been connected with learning and education although its roots can be traced back to the concept of language. In the present, it has been synonymous with the level of understanding in certain subject areas like science, math and much more. Since literacy has been connected to language, it can be applied to the content of mathematics. For example, a branch of mathematics called geometry may need the language and literacy to improve its standards. Its content may deal with the geometrical terms. Having the shapes and concepts in geometry may be hard to deal with for some students. To improve it, the use of songs may be used to understand the terms and connect them with their respective elements. Some literacy games may also be done to connect the right terms to the right elements. Another goal would be the analysis of the characteristics of shapes in two dimensions and three dimensions which can be done through the use of technology-based applications or software. The same goes with the content of the shapes when they are needed to be compared like understanding how two shape are the same or different. They can also be classified with the aid of the software like computer games and shape-modeling software (Brozo 160). It shows how important to improve the content through literacy like words and terms and even use the technology for learning. Content plays the key role in learning certain subject matter so it is very important to focus on it. It contributes greatly in comprehension of the learners about particular subject matter (Conley 5). Learning is really affected by the quality of the content and how it is delivered. It is really applicable to mathematics. For instance,
Monday, October 7, 2019
Research and critically evaluate the context of addiction, Essay
Research and critically evaluate the context of addiction, (multi)generational trauma, and social determinants of health in rela - Essay Example Many theories have been put forth to explain the context of addiction, but only a few have linked the individual experiences and relationships in the society to the context of addiction. This paper will address how family life, social structures, and other socio-economic factors contribute to substance abuse resulting in addiction. More specifically, the paper will analyze how an individual’s experiencein early childhood as well as multi-generational trauma contribute to the development of addiction. First Nation’s People in Canada The First Nations people are the aboriginal groups in Canada such as Inuit and Metis that suffered acculturation, after the Europeans imposed a new culture, replacing the people’s traditional culture. This occurred via compulsion, with the people losing their cultural identity. These communities exhibit a form of social disability that has defined the society since the acculturation. These communities have lagged behind the rest of Can ada, aw exhibited by the socio-economic factors of the society (Satzewich & Wotherspoon, 2002). Substance Use and Addiction among First Nation’s People As described above, the socio-economic factors of these communities exhibit the need for intervention. ... The Inuit community experiences a high prevalence of substance abuse with the most commonly used substances being cocaine, marijuana, and solvents. Among the Nunavik, cannabis is the leading drug abused by the people (Satzewich & Wotherspoon, 2002). Males form the high population of the people using substances, although this does not exclude women, who also report a high level of substance use. In addition, smoking is very prevalent among the First Nation’s people, with pregnant women indulging in the habit posing serious health risks to the child. Other statistics indicate that two thirds of the population indulges in smoking compared to lesser statistics in the rest of the Canadian society. Previous understanding of addiction Many researchers have attributed addiction, which is the term used to denote the compulsive urge to use drugs to the molecular structure of the substances used. For example, nicotine in tobacco, marijuana, cocaine, and alcohol contain certain compounds that trigger addiction. Many studies have been carried out with the aim of demonstrating how the molecular structure of these substances has contributed to addiction (Dube et al, 2002). Many of the other theories surround the availability of drugs in the society as well as peer pressure. Only a few studies have sought to establish the roots of substance abuse. As the sections below will indicate, the cause of addiction may lie deeper into the societal make-up and the experience of individuals in the society. Causes of adverse Childhood Experiences and Multigenerational Trauma This is kind of trauma that transcends different generations, emanating from the family or
Sunday, October 6, 2019
To What Extent Can HRM Be Described as Strategic Essay
To What Extent Can HRM Be Described as Strategic - Essay Example This paper will focus on the extent to which the human resource management can be considered as strategic. Strategic human resource management (SHRM) The purpose of the HR strategies is to guide the human resource management development and implementation programs. The programs dedicate towards the means of communicating to all concerned the intentions of the organization about the management of the human resources. The Human Resource strategies provide a dynamic vision but they also determine to which direction the actions are required to be executed and realized. The strategic human resource management develops a stream of dynamic decisions which help in the formation of a pattern developed by the organization for the management of the human resource and also identification of specific areas which needs to be developed. The strategies will basically focus on the do’s and dont’s of the organization to maintain the organizational health stability (Armstrong, 124). In st rategic human resource management, the functioning system appears in a systematic cycle following a sequenced chronological order. These can be classified into five different dimensions: a) mission and goals, b) environmental analysis ,c) strategic formulation , d) strategy implementation and lastly d) strategy evaluation (Bratton, 40). Validation of strategic human resource management There are limitations to the strategic human resource management. They do not always take into account the circumstances that are unique to a company's structure which may require alteration to regular procedures. The strategic human resource may not be always cost effective in nature since it focuses more towards a centralization-based approach and ignore the factors such as implementation and operating costs (Armstrong, 385). The strategic human resource management may not find its optimal feasibility in smaller companies that do not provide hardcore corporate environment. It can be also said that t he concept of strategic human resource management are based on beliefs about the rationality of the approaches used to develop strategy. The process also seems to underestimate the significance of politics, power, and culture. The implications of the power and politics perspective of the HRM are manifold. It is a fact that anyone who has worked with the organizations in the development of the HR practices such as selection and appraisal systems has inferred that it is political rather than technical or strategic consideration which determines the development of the final product (Armstrong, 278). Focus on organizational processes such as power and influence, institutionalization, conflict and contest for controls needs to be given special emphasis in order to under how the strategic decisions will be successful (Klimosk and Zaccaro). The prevalent conceptualizations of SHRM are depended on the conventional rational perspective to administrative decision-making, acts of linear planni ng and choice and action. Managerial fallacy Critical organizational theorists have criticized these assumptions stating that the strategic decisions are not necessarily based on the output of rational calculation. The theorists argue that the image of the manager as a reflective planner and strategist is based on a
Saturday, October 5, 2019
Smart Perimeter Mapping Assignment Example | Topics and Well Written Essays - 1000 words
Smart Perimeter Mapping - Assignment Example Some of the technologies in use include the use of smart perimeters that help in automating supervisionand monitoring of prisoner movements (South University, 2012). Introduction Smart perimeter mapping basically utilizes a combination of electronic equipment and technology such as closed circuit TV, biometric identification, and sensors to keep track of movement of inmates in and around the entire prison area (Bulman, 2008). With some of the systems, the prisoners have their biometric identification including their fingerprints, the electronic identification of their eyes and other unique identification features to monitor the movement of inmates. The tracking can also be done via bracelets or Radio Frequency Identification that the inmates wear or have and which are then monitored electronically to generate real time maps of where each inmate or prison officer is at at any given time. This sort of monitoring is useful in not only ensuing inmates do no get to unauthorized areas but also to guard against any prison breaks and detect any criminal or violent behavior (Bulman, 2008). 1. Smart perimeter mapping is a form of electronic monitoring of inmates in a prison that uses electronic sensors to produce real-time maps of movements and location of all inmates and prison wardens at the prison. The mapping is also used to check for any metallic or other objects that the prisoners may have on their person that may be used to harm others (Federal Bureau of Prisons, n.d.). This is done through monitoring their movement through metal and other detectors. In addition the monitors are also used to detect any other contraband items such as drugs that the inmates may be in possession of. The movement of the inmates is also monitored via monitoring stations where real-time maps of the position and location of everyone within the prison can be looked at. 2. This type of mapping will be used to monitor the movement of everyone within the prison area be they inmates, correcti onal officers or visitors. The mapping will be used to account for all the prisoners that are in the prison at any given time instead of relying on a person manually doing a count of the persons who are in the prison (Federal Bureau of Prisons, n.d.). The mapping will also be used to restrict access to certain parts of the prison for those who are not authorized to be in those areas. In addition the mapping will also be used to monitor the provision of services such as delivery of meals to the inmates, as well as the movement of the inmates to recreational or other areas of the prison. The type of mapping is essentially used to ensure that every one is accounted for and to monitor service delivery at the prisons (Federal Bureau of Prisons, n.d.). 2. A. The smart perimeter mapping will increase the security in the prison in that it will be used to detect any prisoners who may have weapons and other objects that may be harmful to themselves and others. By constantly monitoring the mov ement of prisoners through all doorways for example the system will ensure that one does not leave the dining are with a concealed knife for example and thus reduce or eliminate the possibility of the inmates carrying harmful objects on their person (Stowell, n.d.). The system by providing real time imaging of where
Friday, October 4, 2019
Career plan Assignment Example | Topics and Well Written Essays - 1500 words
Career plan - Assignment Example My father was an engineer who has always supported me in choosing my career independently. Choosing a career plan is one of the most important tasks in everyone’s life since it needs a spontaneous but conscious realization of the strengths and weaknesses. To materialize a dream it is always important to have a clear vision. My vision was to some extent clear since a very early age. A career that gives the scope to interact with people has always been my special interest. I cannot deny the influence of Sheikh Mohammed bin Rashid Al Maktoum in this respect. My consciousness about life and the world started developing at a time when this man was doing something remarkable for the country. Administration or human resource or even political science has also been subjects of my interest. Can’t I find a career line that gives me the platform to reflect my experience in Human Resource, knowledge in political Science and inspiration from Sheikh Mohammed bin Rashid Al Maktoum? Le t’s see. Confused With So Many Career Options When you want to achieve your dreams, a good training along with quality education is the key factors which help us to make a better career. Remember, â€Å"Go up Higher†is the message which you should keep in mind to have a successful career (Swett, O., 2003). One day one of my cousin visited my house, we were having lunch with some mutton kababs and biriyani. I still remember the happiness in my uncle and aunt’s face as their son had successfully become a doctor. Being a doctor or engineer means you have all the happiness of the world and you can buy anything. I have never understood the doctor and engineer story, yes why the doctors and engineers are given so importance? Why don’t people respect the reporter who gives all the information? Does the pay package only matter when it comes to choose a career? Well, I have been lucky as my mother has always given me the option to choose the subject in my graduat ion. Why Human Resource? Human resource was my subject. I never felt sorry for not opting medical or engineering as my subject of graduation. Doing research on the human body was never something which attracted me to medical area. As far as engineering concerned, I was never interested to know the principle of A.C. Motor. D you really think that these things come under a job profile? At that time, I remember Dubai was changing under Sheikh Mohammed bin Rashid Al Maktoum who was appointed as Crown Prince of Dubai. This man was respected by each and every citizen of Dubai as he changed the entire scenario of Dubai. With the Palm Island, Burj Al Arab hotel Dubai was getting universal recognition. He was born into a cultural and intellectual family which nurtured the leadership qualities in him. I was also looking for something which would give me the opportunity to do something for my Dubai. Though I follow my role model, I do not actually want to copy him. Sheikh Mohammed bin Rashid A l Maktoum is my idol but I may not study Literature as he did. The essence is that he studied what he wanted to study. Following this I took the subject of my interest – Human Resource. And, there is no scope to deny the fact that experience in Human Resource will help in building a career relating to Political Science. Career for a Political Science Student It was during my final years when I realized that to step in politics, I should have some knowledge in politics. So, I decided to do my Maters
Thursday, October 3, 2019
A post-secondary institution Essay Example for Free
A post-secondary institution Essay If I was not able to make it in any of my post-secondary institution this year, It will disappointment for me. Every endeavor that a man wishes in life comes at the right time and with a great purpose. Failing to make it to any of my desired field will pave way for me to pursue other fields non academically. Doing things that I have knowledge or have never thought about but have interest in. I might discover something in the field outside of post-secondary institution that will help me grow as an individual. I believe that my disappointment will only be short-lived, because I will shift my attention to doing more relevant things like community services. In order to learn, continuously there is a need for socialization and active participation in doing services. This will benefit not only the community but the individuals growth as well. Making a difference out of this fast changing world is by simply being me. Dedicating myself to community service without anything in return is my way of making a difference. Doing activities through service in the community allows me to grow as an individual and help other people as well.
Subscribe to:
Posts (Atom)