Chapter 4 Study Terms Essays

Chapter 4 Study Terms Essays Chapter 4 Study Terms Essays Chapter 4 Study Terms George Washington’s presidency: Development of political parties Federalists: Hamilton Favored strong nat’l gov’t Democracy dangerous b/c ppl’s judgement constantly changing Manufacture/trade :) Supported by artisans, merchants, manufacturers, bankers, urban workers, E. farmers NE support federalists Democratic-Republicans: TJ Agrarianism: strength of US was independent farmers Owning land allowed ppl to be independent, as long as had land, would fight to preserve Republic Feared emphasis on commerce would divided society between rich&poor Feared wealthy corrupt gov’t, threat right of ordinary ppl S&W support republicans Bill of Rights Hamilton’s Economic Plan â€Å"Necessary and proper† clause: elastic clause, make laws if needed to make gov’t stronger/efficient Judiciary Act of 1789: established 13 district courts, 3 courts of appeal, and the Supreme Court Washington’s Neutrality Proclamation: Neutrality of US during war of Br./Fr. Tariff of 1789: required importers to pay a percentage of the value of their cargo when landed in US, shippers also paid tonnage (tax based on how much ships carried) Bank of the United States Hamilton asks Congress to create national bank Argued gov’t need bank to manage debts/interest payments, would also issue paper money/bank notes to provide national currency to help economy S ppl opposed b/c N ppl own most of bank’s stock, Madison, TJ, Randolph opp. b/c creating bank not in enumerated powers Ham. Disagreed, using elastic clause (ability to make laws which r necessary/proper) Congress passed bill,Wash. Signed, Bank created 1791 Whiskey Rebellion: 1791 Congress imposed tax on whiskeyïÆ'   enraged farmers who distilled grains in whiskey before shippingïÆ'   Whiskey rebellion in W. Penn. 1794, farmers terrorized tax collectors, robbed mail, stopped court proceedingsïÆ'   Wash. Sent troops to stop, rebels disperse, ppl worried willingness to use troops against civilians Jay’s Treaty: Br. need US trade, vice versa, signed treaty, but Br. had right to seize cargo bound for Fr ports, didn’t get compensation for goods seized Br. agreed to internat’l arbitration (hearing by neut. 3rd countries), give up forts on amer terr., granted US most-favored nation status (amer no longer discriminated when trade w/ br., allowed limited trade w/ Br. colonies in Caribbean) When treaty sent to senate, terms shock senate, tried to keep secret, ratified, terms leaked to public, repub attack treaty, accuse fed of pro-br., GW approved treaty Pinckney’s Treaty: Jay treaty help concessions from Sp., 1795 sp. Join fr. Against br., sp. Fear treaty would make amer & br. join to seize Sp. N amer holdings, sp offered to negotiate issues w/ US GW sends Thomas Pinckney 1795: Sp. Sign Pinckney’s treaty (Treaty of San Lorenzo) Grant us right to navigate Miss., deposit goods at new orl. Port, accepted broadly, esp. W. farmers, wanted Miss. to get crops to market Treaty of Greenville: Ppl go to NW territoryïÆ'  Miami chief Little Turtle unites other Indians to defend against whitesïÆ'  defeated Josiah Harmar & Arthur St. ClairïÆ'  GW sends Anthony Wayne to stopïÆ'   1794 wayne against Blue Jacket at Battle of Fallen Timbers, wayne winsïÆ'   natives sign treaty of Greenville (1795):give up part of S. Ohio & Indiana for yearly payment of $10 th. From gov’t, also gave up other landïÆ'   settlers increase John Adams’s presidency Impressment Br. take US sailors to sail on Br. ships Quasi-War: After XYZ affair, US :(, call for war w/ Fr.ïÆ'   June 1798, Congress suspend trade w/ Fr., direct navy to capture Fr. shipsïÆ'   undeclared sea war/Quasi-WarïÆ'   Fr. propose new negotiationsïÆ'   both signed Convention of 1800ïÆ'  US gave up claims against Fr. for US ship damage, Fr. release US from Treaty of 1778 Alien and Sedition Acts: Feds pushed for 4 lawsïÆ'   1st 3 aimed at aliens, recent immigrants often anti-Br., tended to vote for republicans 1st law: changed yrs to wait to become citizen 5ïÆ'  14 2nd

Great Beginnings in Pre-School Math

Great Beginnings in Pre-School Math Early development of number concepts is critical in developing positive attitudes about mathematics at an early age. Special methods and activities will assist children to develop early numeracy skills. These methods will need to include the use of motivating and engaging concrete materials that children can manipulate. Young children need to experience a lot of doing and saying before written numerals will make sense to them. As early as two years of age, many children will parrot the words one, two, three, four, five, etc. However, rarely do they understand that the number refers to an item or a set of items. At this stage, children do not have number conservation or number correspondence. How You Can Help Your Child Engaging children with a variety of measurement concepts is a great start. For instance, children enjoy telling us that they are bigger than their sister or brother or taller than the lamp or that they are higher than the dishwasher. Young children will also think that they have more in their cup simply because their cup is taller. This type of language needs to be promoted and children need parental guidance to help with the misconceptions of these concepts through experimentation. Having these conversations at bath time is a great option. Try introducing and using a variety of plastic cylinders, cups, and containers in the bathtub with your child. At this age, perception is the childs guide, they do not have any other strategies to guide them in determining which has more or less, is heavier or lighter, is bigger or smaller, etc. A parent or daycare provider can provide great learning experiences to assist young childrens misconceptions through play. Classification is a pre-number concept that children need lots of experimentation and communication with. We classify on a regular basis without even considering what were actually doing. We look in indexes that are alphabetized or numerically arranged, we purchase groceries in areas of food groups, we classify to sort laundry, we sort our silverware before putting it away. Children can benefit from a variety of classification activities which will also support early numeracy concepts. Classification Activities Use blocks to engage young children to repeat the patterns... blue, green, orange, etc.Ask young children to sort the silverware or the laundry based on color.Use shapes to encourage children to determine what comes next... triangle, square, circle, triangle, etc.Ask children to think of everything they can write with, ride on, that swims, that flies, etc.Ask children how many items in the living room are square or round or heavy, etc.Ask them to tell you how many things are made of wood, plastic, metal, etc.Extend classification activities to include more than one attribute (heavy and small, or square and smooth etc.) Before Children Count Children need to match sets before they will understand number conservation and that counting is actually referring to sets of items. Children are guided by their perceptions. As a result, a child may think that there are more grapefruits than lemons in a pile due to the actual size of the piles and fruit. You will need to do one to one matching activities with young children to help them develop conservation of number. The child will move one lemon and you can move the grapefruit. Repeat the process so that the child can see the number of fruits is the same. These experiences will need to be repeated often in a concrete manner which enables the child to manipulate the items and become engaged in the process. More Pre-Number Activities Draw a number of circles (faces) and put down a number of buttons for eyes. Ask the child if there are enough eyes for the faces and how they can find out. Repeat this activity for mouths, noses etc. Speak in terms of more than and less than or as many as and how can we find out. Use stickers to make patterns on a page or classify them by attributes. Arrange a row of a set number of stickers, arrange a second row with more spaces between the stickers, ask the child if there are the same number of stickers or more or less. Ask how they can find out, but dont count. Match the stickers one to one. Arrange items on a tray (toothbrush, comb, spoon, etc.) ask the child to look away, rearrange the items to see if they realize the number of items is still the same or if they think its different. The Bottom Line You will have given young children a great start to mathematics if you perform the above activity suggestions before introducing your child to numbers. Its often difficult to find commercial activities to support classification, one-to-one matching, number conservation, conservation or as many as/more than/the same as concepts and you will probably need to rely on typical toys and household items. These concepts underlie the important mathematical concepts that children will eventually become involved in when they begin school.

Blending learning and ICT systems Essay Example | Topics and Well Written Essays - 1000 words

Blending learning and ICT systems - Essay Example It is has been applied to help meet the needs of the large number of students and teachers, and has been a vital component of the most successful integration of the uses of ICT. This kind of learning offers a real opportunity for the creation of learning experiences. These opportunities can ensure that right learning objectives are achieved and the right place for each and every person involved. This is not just at their places of work, but also in schools and by extension even at their homes (Willems, 2013, p.29). The most important question about this system of learning is on how to mix the two approaches in order to be able to obtain an effective course and training. The fundamental points that would guide this process include: the definition of the content of the curriculum to be covered; definition of the parts of the content to be performed in the traditional way and that which should be covered using the ICT systems, and the definition and extent of the ICT tools and techniques to be implored (Dias, Diniz & Hadjileontiadis, 2013, p.59). Having worked out these aspects, blended learning would allow for the maximization of the course effectiveness and this would be through matching the best methodology for each of the verified and defined course parts. Face-to-face classes, a typical traditional methodology, and technique, would be suited for classroom activities such as coaching, feedback on activities, exercises and paper-based tests. These often require the physical and social interact ion between the students and their teachers for them to be effective (Dias, Diniz & Hadjileontiadis, 2013, p.63). E-learning, on the other hand, works better for such activities that include application exercises, interaction between the students themselves, online coaching, chats and instant messaging and online feedback and assessment. The use of these techniques requires some computer based training and the application of such systems as iPods for the

Intro to third sector, non-profit organization, look at the assignemnt Essay

Intro to third sector, non-profit organization, look at the assignemnt and you will understand - Essay Example er to ensure that their performance is in complete alignment with the needs of the society, there is a need for an effective and transparent governance framework in organizations. This need for effective governance in NPOs gave rise to a new and rigid concept termed as ‘social governance’ which caters to not only ensure the legitimacy of the organization but also takes into consideration the expectations of shareholders as well as emphasizes on reducing he conflict between the stakeholders in order to enhance the decision making process thereby forming a good management – board relationship. Several definitions of governance have been explained by modern day researchers. Some define it as the characteristic of the board, the management and the relationship between them. Whereas others explained that, it is a system by means of which organizations are controlled and directed (Anheier, 2005). According to Cornforth (2010), governance can be defined as the framework which ensures a definite direction towards objective, proper control and accountability of an organization. It influences the performance of an organization which is very closely interlinked with the idea of stewardship. In light of these definitions, a NPOs governance framework can be explained in a way, where the locus of the governance is the board, and that of the management is the chief executive officer (Anheier, 2005). In a NPO, the board holds the key responsibility for governing the fact that the organization performs staying true to the mission thereby ensuring overall welfare of the organization itself. It is responsible for generating important sources of support in terms of finance thereby playing a boundary spanning role in the open system aligning the nonprofit to its community and... Personal Reflection Having explored well researched sources like Verschuere & Beddeleem (2013), Anheier (2005), Cornforth (2010), Worth (2013) and Barros & Nunes (2007), covering the topic of discussion, it can be concluded that my personal reflection is in complete alignment with the issues covered in the literature. As has been explained by Barros and Nunnes (2007), effective governance is an essential factor which contributes significantly to the performance of the nonprofit sector. Several variables attribute to the performance of a CEO of a nonprofit organization such as the organization performance variables, individual variables as well as the board composition variables. The presence of a robust governance framework will ensure that the organization is not being dominated by a single personality thereby preventing any issues of conflict of interests between the stakeholders. The author also concluded that a CEO pay and incentives also affect the performance of the organization. Having worked for a nonprofit organization (educational sector) for 2 years, I can say that robust governance framework is of utmost importance to the performance of the organization. The governing board and the management should have a clear understanding of the intricacies outlined under the governance framework in an NPO in order to ensure a smooth performance thereby satisfying the needs of both the organization and stakeholders. The governing board should cater to reduce any probability of conflict of interest between its stakeholders as it might prove to be an obstruction in the path of the organization’s progress. In addition to that, institutional governance being a traditional form of governance role in an NPO is a key factor ensuring proper decisions on polices and strategies, proper performance evaluation, management and accountability (Campbell & Hushagen, 2002).

Hospitality Management Essay Example for Free

Hospitality Management Essay In general, there are two approaches to research: Qualitative and Quantitative. Qualitative approaches are research that is carried out through interviews and observations. This kind of research enables a researcher to investigate in little more detail on the individual perceptions of a phenomenon. Since the research deals with the personal, therefore, such an investigation is limited in its scope. To be specific, in this paper, we would employ qualitative approaches to research. There are two approaches in qualitative research, interviews and observations, but in this paper we merely consider observations methods. By using this method, we enable a researcher to investigate and find out a phenomenon in much from individual perceptions. Moreover, observation becomes an important technique for collecting data concerning what occurs in a real-life situation. This method also helps us to reach an understanding about the perceptions of those who are being studied, in that situation. To be specific, we employ non-participant observation method especially by analyzing qualitative information from journals, books, magazines and many more. The reason we choose observation method is because it is an important research tool in which it allows us to observe other people in a natural setting or in a more artificial experimental situation. Moreover, by using observation method we can collect and gather data in natural settings concerning what is really going on in a real-life situation. The most important of conducting observation is it provides researchers with an understanding about the perceptions about things or people we observe. However, since observation deals with someone’s perception, we plan to avoid preconceptions since it would provide this research with some bias. Observation method we employ in this paper is non-participant observation. The reason we choose non-participant observation method is because this method allows us to observe people or organization in a natural setting or in a more artificial experimental situation. The method does not involve direct interviews which will slightly reduce objectivity and the accuracy of information. We are retrieving more reliable data from experts’ analysis, journals and various publications from available media. Using the data resources above, we are hoping to present an independent and objective analysis toward the contemporary issue. Furthermore, based on the non-participative observation method, we analyze three elements of hospitality industry especially related to accommodation: Revenue per Available Room (RevPAR), Rooms Supply, and Rooms Demand. The data used in the figure are composing 11 year span consisting the five years before and after the events. Conducting research about the impact of the 2010 Winter Olympic Games on the economy of Vancouver, first of all, it should follow the aims and objectives of topic as provided in the section above. This investigation will evaluate three key implications of conducting the 2010 Winter Olympics Games by mixing the economics and potential benefits that hospitality industry might obtain during the Games. All of them, however, will impact toward the long term economy growth in the study. The result of non-participant observation is not only the benefits that hospitality industry in Vancouver obtain but also perils of the shifting budget allocation from public services to the development of facilities to support the Games. The three implications that we conduct and explore in this paper are as following: 1. Attractiveness. We provide the findings whether the Olympic Games are attractive from a financial point of view like the euphoria of the sport supporters might be. In this manner, we will assess a substantial net cost to the public treasury that the British Columbia’s government should spending 2. Estimated economic impact. We provide justification on whether the British Columbia’s Government should decide to become the host in the 2010 Winter Olympic Games based in the estimated economic impacts. In this manner, like common evaluation of economy growth, we will provide assessment of the Games’ impact on the province where unemployment is high and see whether it is true that the Games will provide long-term additional employment opportunities. Or else the Games only provide temporary solution for high unemployment rate in the British Columbia and thus the effective subsidy per job would be very high 3. Supporting Justification. While the first two assessments are likely to provide the negative feedback for the British Columbia government in becoming the host of the 2010 Winter Olympic Games, this third evaluation is likely to provide potential justification, i. e. several benefits, for Columbians to become the hosts and spectators of the Games and users of the facilities they provide. However, this evaluation will answer whether the value of those benefits outweighs the cost and risks the Olympic Games provide. In other words, it means that government of British Columbia should decide and consider whether these Games’ benefits are higher priority than the government services or investment that would be displaced, or disposable income that would have to be taxed to pay the net cost of the Games. The method does not involve direct interviews which will slightly reduce objectivity and the accuracy of information. We are retrieving more reliable data from experts’ analysis, journals and various publications from available media. Using the data resources above, we are hoping to present an independent and objective analysis toward the contemporary issue. Therefore, only quantitative approach is not enough to provide comprehensive solution on the impact of the 2010 Winter Olympic Games on the economy of Vancouver. This is because this observation is limited in its scope. This is due to like other observation-type research paper; people would argue that the findings and claims we made on the relation between security and e-commerce cannot be generalized to other contexts. Bibliography â€Å"International Hospitality Management† 2005.University of Brighton. Retrieved May 24, 2005 from http://www. bton. ac. uk/ssm/Courses/Undergraduate/N221info. shtml Case, Karl E. , and Ray C. Fair. Principles of Economics. New Jersey: Prentice Hall, 1999 â€Å"Olympic Costs and Benefits. † Canadian Centre for Policy Alternatives BC Office. Retrieved May 24, 2005 from http://www. greenclub. bc. ca/English/Green_Club_Web/Participation_Record/Vancouver_Olympic/Costs_and_Benefits/costs_and_benefits. htm â€Å"Vancouver’s Lodging Industry: 2010 Olympic Impact. † Retrieved June 17, 2005 from http://www. hotel-online. com/News/PR2005_1st/Feb05_VancouverHost. html

The Perception of Change :: Transportation, Driving, Change Blindness

You can miss obvious signs while driving because your mind was wandering, listening to the radio, talking on your cell phone, or even talking to the passenger in your car. Change blindness is the difficulty noticing large changes in your visual senses that are normally easy to be seen (Simon, 2005 ). A main factor in change blindness is attention which is needed to see change (Simon, 2005). The perception of a change occurs when the attention is on the object being changed (Rensink, 1997). Changes to items in a central location are easier to detect than objects elsewhere and the objects that are in the same physical distance (Simon, 2005). Your attention can be distributed to 4-5 items at a time but only detect one change at that moment which is called change simultagnosia (Simon, 2005). Inattentional blindness was first studied by Ulric Neisser and his colleagues in the 1970s. Their study involved subjects viewing an attention-demanding task video where groups of players passing a ball. Subjects were asked to watch one group pass the ball back and forth while ignoring the other group who passed the ball. While this was taking place a woman carrying an umbrella walked through the scene which many subjected failed to notice (Simon, 2010). Simons and Chabris replicated this experiment by using a woman dressed in a gorilla suit that stopped in the middle of the video and thumped its chest for 9 seconds and only 50% of viewers noticed. The gorilla video is a well-known video on visual awareness with about 90% of people say they would notice the gorilla. A new video was later made in front of a green screen so that they could change the color of the curtain behind the event taking place. They had the gorilla walk through the scene stopped and faced the camera while he thumped his chest then left the scene. The curtain colored changed along with a player of the black team left the scene (Simons, 2010). (Beck, 2001) Detecting visual change in the environment is important and it is reported that people are poor when detecting the change during a screen flicker which causes the blindness to occur. When you divide your attention between two tasks you pay less attention to the second one than the primary task (Beck, 2001).

Marketing Strategy Essay

From the table above it is evident that the decline of the economy segment has had little impact on Hein and Mann because their main target market entails exclusive and export markets. The score of 18 shows that there has been a huge impact of the competitor marketing campaigns to increase awareness on middle section segment of Hein and Mann, hence there have limited target market and are not able to reach a wider potential target market. The weight of 18 has a negative impact on Hein and Mann as there are losing their main target customers who purchase exclusive furniture, such as executives and professionals who are being retrenched and leaving South Africa. The score of 32% shows that Hein and Mann have shown growth in export business and expansion of their product range in the UK would competitive advantage in the market. Slow service delivery score 32 which means that Hein and Mann has faced low turnover of customers as most of them are considering using other suppliers who deliver on time promised and offer discounts. The score of 28 shows, that customer relationship with customers is important. However Hein and Mann do not show empathy towards customers. This in turn results in low turnover of customers. 2. Industry analysis of Hein and Mann Threat of new entrants There are many barriers that include high entry costs, in this case new entries in the furniture business would not succeed because heavy investment is required in marketing and purchasing equipment. This is an advantage for Hein and Mann as there have a guaranteed higher position in the industry. This is so because there have been operating in the industry for a long time and have vast experience, equipment, loyal customers and clients are aware of them in the market place. Hence the extent to which barriers to entry exist, the more difficult it is for other furniture firms to enter the market, therefore, Hein and Mann can make relatively high profits. Bargaining power of suppliers Hein and Mann as suppliers produce exclusive and quality pine furniture, this in turn makes them acquire a distinctive image in the industry. It could be difficult for dealers to switch to other suppliers in the industry because of the loyalty of customers to Hein and Mann furniture, therefore Hein and Mann would make profit because there are few alternatives of furniture firms that dealers would switch to. Competitive Intensity or rivalry Hein and Mann is faced with rivalry as there is increase of competition between existing firms, this proves to be a challenge to generate high profit because companies such as Furniture City and Beares are opting to switch to other suppliers that provide discounts and value customer relationships. Threats from substitute of buyers Hein and Mann customers, such as beares and Furniture City have shown the ease with which they can switch to another supplies of furniture. This is so because customers perceive other alternatives to be similar to Hein and Mann furniture. The furniture industry for Hein and Mann is attractive, as there have experience in the industry and understand the market in which there are operating in. 3. Market Orientation Market orientation is defined as is an organisational culture dedicated to delivering superior customer value, that is concentrating on designing and selling products that satisfy customer needs in order to be profitable, (Gronroos, 2010). In relation to the case study on Hein and Mann, it is evident that there do not value customers as there show no empathy and provide slow services and do not consider to implement new strategies such as offering discounts such as their competitors. However the products that they design are of high quality which shows that they sell products that satisfy their target markets. Advantages of market orientation * According to Wang & Ahmed (2009) an organisation that is market oriented has improved market-sensing capabilities and thus improved market responsiveness, particularly in more hostile and unpredictable environments. * An organisation through market research will have a strong understanding of the needs of the customer and this would reduce product failure as new products have a greater chance of gaining success in the market, (Modi & Mishra, 2010). An organisation that is market oriented is flexible to changes in the environment as it enables to adapt and adjust successfully, (Wang &Ahmed, 2009). Disadvantages of market orientation * For an organisation to be market oriented it is highly expensive. As extensive market research, to understand the market need to be conducted, (Gronroos, 2010). * An organisation has to constantly change internally as needs of the market are met. * Risk of underestimating the market and the consumer can be a result of market orientation, which might led to product failure.

Granite Apparel- Source of Funding

Presented to: Mr. Kurt Sullivan Subject: Source of funding From: JMSB consultants; Despina Papadopoulos Angela Christopoulos Mathieu Apuzzo AJ Kenth Date: March 2007 Main Issues * Choosing the appropriate source of financing, between Initial public offering, long term debt or preferred shares, to raise funds for the expansion of Granite Apparel. Recommendations * Granite Apparel should use an Initial Public Offering as a source for raising funds. Analysis Quantitative Initial Public Offering The cost of issuing common shares for your company was found by adding the following expenses (APPENDIX ONE):Bridge Financing Rate (Annual)| 10. 25%| Amount of Bridge Financing| 50,000,000| Period| 6 months| Yearly Interest Cost| 2,562,500| Lump Sum Issuance Fee| 4,000,000| Total Issuance Costs| 6,562,500| To issue common shares is very expensive to underwrite and there are also other related costs for a company going public. These costs can be: * More experienced accountants for financial statem ents issuance and high internal compliance * Auditing fees * Dividends Much of the factors are above are very difficult to quantify, but using assumptions we could have an idea of the cost over a 5 year basis to compare with preferred shares.First, let’s find a dividend cost, hoping the company does well and we pay out a 20% dividend rate with a growth of 25% in sales from 2007 – 2012. We get a total dividend amount to be 18. 82 million (APPENDIX ONE). Since dividends are not an obligation but they are a benefit for shareholder satisfaction, we have a range over a 5 year period of costs between 11. 5 million and 30. 4 million. These values take into consideration many assumptions (g= 8%, b = 0. 80 and ROE= 10. 55%) Total 5 year dividend| 18. 82 million| Audit fee (1M per year assumption)| 5 million| Fees/ Bridge Financing| 6. 56 million| Total| 30. 80 million| Range| 11. 5 – 30. 4 million | Another factor to consider for an IPO is the decrease in control for Tay lor and the current shareholders. | Before IPO| After IPO| Total Shares| 20,000,000| 26,000,000| Taylor Ownership| 12,000,000| 12,000,000| Percentage Ownership| 60%| 46. 15%| If Mr. Taylor is comfortable losing total control of his company with 46. 15% ownership (where control is 50%), the IPO can be a very attractive solution. If Mr. Taylor decides to keep full control of his company, he can either purchase himself more shares or the company could issue two types of common shares; Non-voting and voting.Taylor Ownership| 12,000,000| Percentage Ownership| 50%| Total Voting Shares| 24,000,000| Total Non Voting Shares| 2,000,000| Preferred Shares As seen in APPENDIX THREE, the total cost of issuing preferred shares would be $30,200,000 over 5 years. Raised Capital| 50,000,000| Dividend Yield| 9%| Annual Dividend (9% * 50,000,000)| 4,500,000| Repurchase Premium| 10%| Face Value| 55,000,000| Issuance Fees| 2,700,000| 5 year Dividends (4. 5M x 5)| 22,500,000| Repurchase Premium| 5,000,000 | Total Cost| 30,200,000| Long-Term Debt Long-term debt is the second source of financing the company has the option of adopting.Metropolitan life approached Granite Apparel and was prepared to lend them 50 Million dollars at a fixed rate 2% higher than the long-term U. S treasury yield. The term of the loan was 10 years. Exhibit 6 illustrates the U. S treasury yields. Since the loan has a 10 year term, we decided to select the 10 year Risk Free rate, which is 4. 56%. In total the interest rate of the loan would amount to 6. 56%. In order to decide, which alternative is best suitable for the company, we must find the cost associated with borrowing. In addition, we must also add the upfront fee of 1,800,000.The upfront fee is calculated by multiplying 200,000 common shares and the stock price of 9$. We assumed that the value of the firm was equal to 180,000,000 in order to use the 9$ stock price. We also assumed that the loan payments would be done monthly, which gave us a monthly pa yment of 569,267. 46$. Appendix 2 is a loan amortization schedule and indicates the amount of interest and capital is included in each payment. The sum of all interest payments is equal to 18,312,099. If we take the total interest cost and the upfront fee the total cost of the loan would equal to: 20,112,099.However it is also important to note that interest is tax deductible. The loan amortization schedule enabled us to find the PV of the tax shield of 79,712. 24$. In conclusion, the total cost of the debt option is equal to: 20,032,386. 75$ We also wanted to note that paying 10% principal per year for 10 years on the loan is impossible. According to loan amortization schedule, the 10% yearly principal payment would start from year 6. For the first 5 years, most of the payment is attributed to interest, which decreases the principal portion of the payment.Performance and Ratios An important factor in deciding on which way to finance growth is how it affects your financial statement s. Since these tools will be the primary source for investors it is important have them appear strong (APPENDIX FOUR). If the company chooses an IPO, the following ratios would occur in the 2007 financial statements of Granite Apparel. Ratio| Industry| Granite Apparel | Debt/Capital| 15. 1%| 31. 0%| TIE| 41. 2| 57. 75| PE| 22| 12| ROE| 18. 4%| 14. 16%| With an IPO the company’s financial statements would look very strong.Its debt is already higher than the industry average and therefore issuing common shares would decrease the risk of the company. Both the Debt/Capital and TIE ratios express that strength. If the company chooses to issue debt, the following ratios would occur in the 2007 financial statements of Granite Apparel. Ratio| Industry| Granite| Debt/Capital| 15. 1| 61. 52| TIE| 41. 2| 6. 47| ROE| 18. 4| 21. 94| The risk of the company by issuing more debt would be extremely high and way above the industry averages. By demonstrating both Debt/Capital and TIE, we could see a large increase in the company’s risk which is not in the company's favor.They might be reevaluated as a riskier company and therefore would no longer be able to purchase at low interest. The ROE plays in favor, however, because the total Equity is divided among fewer shareholders. It looks good for investors but not for creditors. If the company chooses to issue preferred shares, the financial statements would look very similar to issuing an IPO. This occurs because the preferred shares would be booked in the Equity section of the financial statements due to their â€Å"ownership† qualities. QualitativeGranite Apparel is faced with three financing mediums; initial public offering, long term debt or preferred shares. In the decision process, it is important to weigh the benefits and shortcomings of each financing option. Initial Public Offering (IPO) Benefits * Increase in Shareholder Capital * Increased wealth without dividing authority amongst partners * No div idend obligation on common shares. * Inexpensive method of financing. * Able to maintain control of the company as long as shareholders have less than 20% ownership Drawbacks Granite would need to undergo a thorough assessment of its operations, financial records and legal situation by both Continental Securities and the securities commission. * Three to six month due diligence process. * Minimum requirements in accordance to US GAAP system is very expensive to implement * Decisions based on stock price The public trading of the shares establishes a value for the company and sets a benchmark. This works in favor of the company as it is helpful in case the company is looking for an acquisition or merger. It also provides the share holders of the company with the present value of the shares.Furthermore, once the shares are traded, they carry a market value that is different from the book value depending on demand (volume traded); this can provide Granite with the incentive of offering stock options to employees as an added compensation. Additionally, the investors that are in the company have liquidity on their share of the company, however, if an investor should decide to redeem his portion the company is not entirely affected because the sale is completed on the market. When a company issues common shares, there is no obligation to pay dividends.This can be an immense advantage for Granite as the company is in a growth phase and dividends can be limited in order to compete in an industry with larger players. In turn, this also allows Granite to keep the cost low for the future. In addition, the firm will not go bankrupt if is not able to pay out dividends. More than frequently, management’s decisions may be effected by the market price of the shares and the feeling that they must get market recognition for the company's stock. Often, this can lead to bad decisions and consequently a decline in stock price.As the share price of Granite falls, may lose ma rket confidence, decreased valuation of the company may affect lines of credits, secondary offering pricing, the company's ability to maintain employees, and the personal wealth of insiders and investors. Not to mention if Granite decides to issue most of its shares to the public it may be a target for a hostile takeover, evidently a loss of insider control. Long term Debt Using long term debt will allow granite apparel to immediately acquire the funds, however it will place both financial and operational standard covenants in effect. Operational Prohibited to surpass annual capital budget * Not allowed to acquire without authorization * Cannot change current executive compensation or dividends Financial * Limited to a borrowing to equity ratio of 1. 20 * No possibility to raise short or long term debt without authorization Using long term debt for Granite is very risky if the economy suffers and sales are down. Granite will still have to pay the interest on the principle loan witho ut having the flexibility of acquiring another loan. When the interest payments are not distributed to debt holders, the firm may go bankrupt.As stated, If earnings decrease it might be very risky to carry over 3. 57 million dollars in interest expense as an annual obligation. Moreover, in the event that Granite is presented with the opportunity to merge or outright acquire a competitor, the decision will have to pass through Metropolitan. This can lead to further complications and loss of decision making control for the management of Granite. Preferred Shares Although this method is cost effective, it can also confiscate the ability for management to take important decisions without approval from shareholders. Granite can redeem the shares at a ten percent premium only after five years * Shareholders have no voting right, but receive priority over dividends * Can be given voting rights if Granite does not pay for two consecutive years Similar to long term debt, preferred shares pre sent the drawback for potential loss of control. For instance if there is an economic downturn and Granite is unable to issue payments for two consecutive years to its preferred shareholders, they are granted full voting rights and can potentially control the entire company.Preferred shares can either be placed in the equity or liability section of the balance sheet. In this particular scenario, the preferred shares would be in the equity section because they show evidence of â€Å"ownership†. For instance, if dividends are not paid for two years consecutive, they can exercise their voting rights and consequently allow them to decide on major business developments. Given the three financing methods, Granite would receive the necessary capital in time to fulfill their marketing needs.Given the economic state preferred shares are risky when considering the potential loss of control to the shareholders. Similarly, long term debt caries the interest risk burden without possibilit y of acquiring a new loan. Conversely, initial public offering allows the flexibility to gain capital at any point with the exchange of ownership and still allows the decisions to be made by the board of directors. Although the net income on the expansion is not quantifiable, by the issuance of IPO, Granite remains protected from third party influence and control, interest burden and loss of decision control. Plan of Action Announce the plan to the board of directors and wait for quorum approval or issuing an IPO * If Mr. Taylor and other board members are expressing worries about dilution of ownership, consider issuing two classes of shares; non-voting and voting. * Contact the investment firm to find out potential differences for issuing two classes of shares * Hire and find experienced accountants to prepare the financial statements in accordance to US GAAP for public companies since the company will go public * Select an investment bank with a good reputation and expertise to ad vice and perform underwriting functions. Organize internally for high compliance in accordance to the securities commission Contact and find a reputable auditing firm (KPM, Deloitte, Price Waterhouse or Ernst ; Young) * File with the Securities and Exchange Commission. * Once the request has been processed Granite Apparel should request its IPO on the stock exchange with firm commitment. * Once capital is certain (under firm commitment) and as quickly as possible, search for store locations.These locations should be prime, and in an area where Granite * Apparel can compete strongly with the major players. Time is important, since competitors are catching up to Granite’s innovative products. The company must enter quickly and efficiently into the market. * Prepare for manufacturing increase to supply new stores. * The company should find new innovative products to keep it a step ahead from the competition and become first movers to gain customer loyalty.

Why Swinging Puts You to Sleep (And Benefits of Sleep)

Why Swinging Puts You to Sleep (And Benefits of Sleep) Sleep  is characterized by periods of non-rapid eye movement that are periodically interrupted by intervals of rapid eye movement (REM). It is in the non-rapid eye movement stage, that neuron activity slows and ceases in areas of the brain such as the brainstem and cerebral cortex. The part of the brain that helps us get a good nights sleep is the thalamus. The thalamus is a limbic system structure that connects areas of the cerebral cortex that are involved in sensory perception and movement with other parts of the brain and spinal cord that also have a role in sensation and movement. The thalamus regulates sensory information and controls sleep and awake states of consciousness. The thalamus reduces the perception of and response to sensory information such as sound during sleep. Benefits of Sleep Getting a good nights sleep is not only important for a healthy brain, but for a healthy body as well. Getting at least seven hours of sleep helps our immune system  fight off infection from viruses and bacteria. Other health benefits of sleep include: Sleep Clears the Brain of Toxins Harmful toxins and molecules are cleansed from the brain during sleep. A system called the glymphatic system opens pathways to allow toxin containing fluid to flow through and from the brain during sleep. When awake, the spaces between brain cells decrease. This greatly reduces fluid flow. When we sleep, the cellular structure of the brain changes. The flow of fluid during sleep is controlled by brain cells called glial cells. These cells also help to insulate nerve cells in the central nervous system. Glial cells are thought to control fluid flow by shrinking when we sleep and swelling when we are awake. Glial cell shrinkage during sleep allows toxins to flow from the brain. Sleep Enhances Learning in Newborns Theres not a sight that is more peaceful than that of a sleeping infant. Newborns sleep anywhere from 16 to 18 hours a day and studies suggest that they actually learn while they sleep. Researchers from the University of Florida have demonstrated that an infants brain processes environmental information and produces appropriate responses while in the sleep state. In the study, sleeping infants were induced to squeeze their eyelids together when a tone was sounded and a puff of air was directed at their eyelids. Soon the babies learned to squeeze their eyelids together when a tone was sounded and no puff of air was administered. The learned eye movement reflex indicates that a portion of the brain, the cerebellum, is functioning normally. The cerebellum is responsible for the coordination of movement by processing and coordinating sensory input. Similar to the cerebrum, the cerebellum contains several folded bulges which add to its surface area and increase the quantity of information that can be processed. Sleep May Prevent Diabetes A study from the Los Angeles Biomedical Research Institute indicates that getting more sleep can lower the risk of developing Type 2 diabetes in men. The bodys ability to process glucose in the blood improved in men who had three nights of adequate sleep after limited hours of sleep during the week. The study indicates that adequate sleep improves insulin sensitivity. Insulin is a hormone that regulates blood sugar levels. Over time, high levels of glucose in the blood can damage the heart, kidneys, nerves, and other tissues. Maintaining insulin sensitivity reduces the chances of developing diabetes. Why Swinging Makes You Fall Asleep Faster By measuring  brain  wave activity in sleeping adults, researchers have determined what many of us suspected: that gently swinging makes us fall asleep faster and promotes a deeper sleep. They have discovered that rocking increases the length of time spent in a stage of non-rapid eye movement sleep called N2 sleep. During this stage, bursts of brain activity called sleep spindles occur as the brain attempts to stop processing and brain waves become slower and more synchronized. Enhancing the amount of time spent in N2 sleep is not only conducive to a deeper sleep but is also thought to help improve memory and brain repair mechanisms. Sources: Cell Press. Need a nap? Find yourself a hammock. ScienceDaily. ScienceDaily, 21 June 2011. (www.sciencedaily.com/releases/2011/06/110620122030.htm).University of Florida. Newborn infants learn while asleep; Study may lead to later disability tests. ScienceDaily. ScienceDaily, 18 May 2010. (www.sciencedaily.com/releases/2010/05/100517172254.htm).NIH/National Institute of Neurological Disorders and Stroke. Brain may flush out toxins during sleep; Sleep clears brain of molecules associated with neurodegeneration: Study. ScienceDaily. ScienceDaily, 17 October 2013. (sciencedaily.com/releases/2013/10/131017144636.htm).Los Angeles Biomedical Research Institute at Harbor-UCLA Medical Center (LA BioMed). Getting enough sleep could help prevent type 2 diabetes. ScienceDaily. ScienceDaily, 18 June 2013. (www.sciencedaily.com/releases/2013/06/130618131848.htmm).

GUERRERO Surname Meaning and Origin

GUERRERO Surname Meaning and Origin The  Guerrero surname is thought to have originated as a nickname which described either a soldier who had returned home from the war or an aggressive individual. Derived from the word guerre, meaning war. Guerrero is the 54th most common Hispanic surname. Surname Origin:  Spanish, Portuguese, Italian Alternate Surname Spellings:  GUERERRO, GUERRE, GUIERRE, LAGUERRE, GUERRA, GUERRERO, GUERREIRO, GUERRI and GUERRIERO. See also, the English WARR or WARRE. Famous People with the Surname GUERRERO Eddie Guerrero - famous American wrestler, part of the famed Guerrero wrestling family.Vladimir Guerrero - Major League Baseball player from the Dominican Republic.Vicente Guerrero – Second president of Mexico Where do People with the GUERRERO Surname Live? According to World Names PublicProfiler,  the majority of individuals with the Guerrero surname live in Spain, followed by concentrations in Argentina, the United States, France, and Switzerland. Public Profiler doesnt include information from all countries, however, including Mexico and Venezuela. Forebears marks Guerrero as the 456th most common surname in the world found most prevalently in Mexico. Based on the percentage of the population with the surname, Guerrero is most common in Guam (ranked 16th), followed by Ecuador (23rd), Mexico (43rd), Spain (47th), the Dominican Republic (49th) and Colombia (52nd). Genealogy Resources for the Surname GUERRERO 100 Common Hispanic Surnames Their MeaningsGarcia, Martinez, Rodriguez, Lopez, Hernandez... Are you one of the millions of people sporting one of these top 100 common Hispanic last names? The Guererro DNA ProjectThis ancestral y-DNA testing project is open to any male with any spelling of the Guerrero surname interested in combining DNA testing with traditional family history research to sort out Guerrero ancestral lines. GeneaNet - Guerrero RecordsGeneaNet includes archival records, family trees, and other resources for individuals with the Guerrero surname, with a concentration on records and families from France, Spain, and other European countries. GUERRERO Family Genealogy ForumSearch this popular genealogy forum for the Guerrero surname to find others who might be researching your ancestors, or post your own Guerrero query. FamilySearch - GUERRERO GenealogyAccess over 2 million free historical records and lineage-linked family trees posted for the Guerrero surname and its variations on this free genealogy website hosted by the Church of Jesus Christ of Latter-day Saints. GUERRERO Surname Family Mailing ListsRootsWeb hosts several free mailing lists for researchers of the Guerrero surname. DistantCousin.com - GUERRERO Genealogy Family HistoryExplore free databases and genealogy links for the last name Guerrero. The Guerrero Genealogy and Family Tree PageBrowse family trees and links to genealogical and historical records for individuals with the last name Guerrero from the website of Genealogy Today.- References: ï » ¿Surname Meanings OriginsCottle, Basil.  Penguin Dictionary of Surnames. Baltimore, MD: Penguin Books, 1967.Dorward, David.  Scottish Surnames. Collins Celtic (Pocket edition), 1998.Fucilla, Joseph.  Our Italian Surnames. Genealogical Publishing Company, 2003.Hanks, Patrick and Flavia Hodges.  A Dictionary of Surnames. Oxford University Press, 1989.Hanks, Patrick.  Dictionary of American Family Names. Oxford University Press, 2003.Reaney, P.H.  A Dictionary of English Surnames. Oxford University Press, 1997.Smith, Elsdon C.  American Surnames. Genealogical Publishing Company, 1997.

How Wild Was the West Essay Example | Topics and Well Written Essays - 1500 words

How Wild Was the West - Essay Example The land that these people lived upon also caused a dilemma as they mainly thrived upon agriculture, and these harsh soil conditions, in actual fact, didn’t quite suit their crops. Throughout these times, the state government was still beginning to establish solid grounds upon the hierarchy of its systematic beliefs. During the early periods, these inhabitants resided in unorganized sections of homelands situated in any way in which they wanted. This is considerably factual in the aspect that when white men began to settle in America during these early times, there were no towns at all. These towns in the early settlings of the west obtained a very meager reputation. This is essentially due to the fact that they engrossed many variables of society. These types of citizens included criminals, robbers, thieves and gunslingers. Taking this into consideration, families were tempted away from these areas, making them seem even more desolate. These however, weren’t the only problems facing the new settlers. Others included tribulations such as facilities and education. The towns were rushed, unplanned and lacked many of the essential requirements that a newly established town must have in order to prosper and to suit the needs of its people. Education is these areas were also poor as the need for teachers increased as the amount of children requiring education did too. Health and hospitalization was also a grave difficulty when sometimes it seemed that the populations became sick, or caught the wrong diseases, and no apparent reason could be found. All of the problems facing these people were mainly due to the fact that they simply had to start from the very core of their society. When they established their grounds upon which they lived, they merely had nothing but hard, dusty earth which of course took them time to develop the necessary means in which to prosper. Other problems included the lack of resources such as banks, buildings and stores. This is particularly factual when combined with other troubles such as cattle rustling, horse stealing (for which the punishment was hanging), and claim jumping. All of these problems and many more, meant that towns had to simply fend for themselves in times of trouble. Conditions during this era also caused problems when they meant that other means were needed to support their livelihood. This is where the unnecessary problems such as crime and hostility took place. Combined with this, gender imbalance meaning the lack of women in the area, meant a lack of community respect and ordered women into violence, caused racism problems and most notably, economic intolerance upon its entire people. Poverty was also another beneficiary of these troubles as it seemed to be inclined upon producing other troubles such as lack of supplies, bad people and depressive social tensions. Why were these towns so violent and lawless Difficulties and negative circumstances seemed to make the towns in the west become intolerable to live in. Some of the main causes of these problems included drunkenness, in which men would become bored, frustrated and fight upon each other. Together with these people included minorities, who found it hard to live in these distrustful conditions and were often the victims of racism and violence because of their religious practices and beliefs. For example, the Mormons practiced polygamy, and had more than one wife which disconcerted the rest of the majority of the population, which eventually led to this group leaving their community. The legal system incorporated in this time upon these areas also shaped an uncompromised

From the decade of 1990s Nike Inc is facing criticisms from different Essay

From the decade of 1990s Nike Inc is facing criticisms from different human rights organizations and government bodies - Essay Example Nike management is using the sweatshops for manufacturing of the products where the labor law is violated. The manufacturing units of Nike are mainly in the Asian countries like China, Vietnam, Indonesia etc where they can get labor in a relatively lower cost, also they are getting free trade zones there. The minimum wages law is violated there as well as the working conditions are poor there. Some media have also proved that the working conditions are not standard in Nike factories. Also there were claims that Nike is using child labors. Nike is using forced labor as reported by different media. Recently in July, 2011 an article claimed that Nike the employees of Nike factory abused by the supervisors constantly. So the main problem is that Nike management has failed to ensure a standard human resource policy in the company. Problem Symptoms The problem symptoms are as follows: Certain reports are claiming that Nike is not sticking to a standard human resource policy from the 1990s. Some customers are avoiding Nike on morale ground as they are violating the labor law continuously. Problem Statement As in the manufacturing Factories Nike Inc is violated the labor laws, the human resource organizations and the government bodies are protesting this in different countries as well as some customer started to avoid the products in a morale ground. Part B The Problem Nike Inc, a major manufacturer of apparel and sports equipment is violating the labor laws in its manufacturing factories which are situated mainly in the Asian countries. As the labors are not treated well in the factories so the international media is continuously focusing on this matter. They have collected some proves which made clear the fact that Nike is violating the labor laws really. Several issues are against the company, because of which some consumers also avoid using the products of Nike on the moral ground. Fishbone Diagram Key Findings From the fishbone diagram it has been found that sever al factors are there and because of all these Nike was able to violate the labor laws from the 1990s. The main factor is the management. The human resource policy of the management is below standard, which causes the problem mainly. Moreover the long term strategy of the company is not good at all. If the company continues this type of labor policy then the company can’t make profit in the long term. The government of the respective countries is also responsible for this situation. Nike is continuing this practice from the 1990s, but the respective governments have not taken such hard step so that the company will think about the matter seriously. The government has made the trade free zones for the foreign companies, and it is attractable for the companies as they can do business in low cost. They can also get low cost