...need to figure out the total amount of money to be used for 20 years after retirement. As I want to spend $3,500 quarterly from 2045, annuity calculation is used. After retirement, the new bank offers me 18% interest rate annually. In order to covert nominal rate into effective rate, 18% should be divided into 4. $3500 will be spent 4 times per year. Period can be calculated by 20 years multiplying 4. In order to find the amount of money saved, Interest rate = 0.15/12=0.0125 Period = 30years x12=360 A= 75478.70(1.0125)360-10.0125 = $10.90 Once Conclusion: In conclusion, he/she needs to save $10.90 each month and put it in the bank which generates 15% interest compounding annually will give him $75478.70 when he retires. This will allow him to spend $3500 every quarter for 20 years after he retires which is what he expects to live after retirement. An (i) Calculation of NPV (700000/1+0.15) *0.7 + (340000/1+0.15)*0.3 -400000 = $ 114782.60 The company had better invest in the project because NPV is positive. (ii) Sensitivity analysis NPV Possibilities (change one variable at a time) | Range | Variable | Pessimistic Normal | Interest rate | 93333.33 114782.60 | Initial investment | 14782.60 114782.60 | Probability of failure | 52173.90 114782.60 | Business worth (full capacity) | 53913.04 114782.60 | Business worth (tough competition) | 88695.64 114782.60 | (iii) Suggestion From the table above, it can be...
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...The Legend of Me 262 ¬ ASEN 3046 Hanwen Zhao Introduction During the WWII, there was a jet fighter had the most advanced aviation designs in operational use. Nevertheless, she is not the first jet airplane flies on the blue sky, not the first twin-engine jet airplane either. But, no one would forget her when people talking about the history of the jet airplane. She is the Messerschmitt Me 262, the first operational jet-powered fighter aircraft in the world. Figure 1: Picture of Me 262. Retrieved from http://www.aircraftaces.com/me-262.htm Background In the 30’s of the last century, the Bayerische Flugzeugwerke AG (abbreviated B.F.W.) was a German aircraft manufacturing corporation named after Willy Messerschmitt as the predecessor of Messerschmitt AG started to manufacture the fighter during the Spanish Civil War (1939). Besides the Me 262, Willy Messerschmitt and his company are well known for its propeller-driven fighter aircraft Bf 109, also called the Me 109. Bf 109 first saw in operation during the Spanish Civil War and was still in service until the end of World War II (Nowarra, 1993). The Bf 109 was designed with metal monocoque construction, liquid-cooled V12 engine. It originally designed as an interceptor, but during the war, the Bf 109 was modified to multiple task airplane such as bomber escort,...
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...interesting behind-the-scenes account of the people within government and finance who saw the crisis up close. For those interested in what went down behind closed doors, Sorkin's “ Too Big To Fail” is essential. Thanks to his global access to the individuals involved, the interested reader can expand his or her knowledge about the events behind the events. Too Big To Fail begins in riveting fashion at J.P. Morgan CEO Jamie Dimon's Park Avenue apartment the day before the collapse of Lehman Brothers. Having spent part of the previous evening at the New York Fed, Dimon knew better than most what was ahead, and in a conference call with his top lieutenants, Dimon dismissed the view - one held by Lehman CEO Richard Fuld no less - that the prominent investment bank would be saved by Washington. Dimon's take was "That's wishful thinking. There is no way, in my opinion, that Washington is going to bail out an investment bank. Nor should they (my emphasis)." Instead, Dimon told the listeners on the call that "We need to prepare right now for Lehman Brothers filing. And for Merrill Lynch filing. And for AIG filing. And for Morgan Stanley filing." Before each company mention Dimon paused, then paused the longest ahead of his last warning, that his employees should prepare for the potential bankruptcy of Goldman Sachs. With the stage set, Sorkin then takes readers on a fascinating journey into a financial crisis that will not soon be forgotten. Indeed, by the end of the book the makeup of the symbol that is Wall Street...
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...John Brevard M5990 – Corporate Responsibility & Society November 24, 2013 Week #5 Short Written Assignment Pinto Fires and Personal Ethics: A Script Analysis of Missed Opportunities by Dennis A. Gioia, is a sad article which focuses on the moral muteness of the author during his experience at the Ford Motor Company. However, before providing an analysis, several definitions are required: * Generalization Test – There must be a reason for an action and it should be consistent and based on one’s understanding of how the world works, with the assumption that everyone who has the same reason will act the same way. * Utilitarian Test - An action is ethical only if no other available action creates greater total net utility, i.e., there should be an ultimate end that might be called utility. * Virtue Test - Requires one to act in a way that is logically consistent with who they are in regards to their virtues and integrity. * Liberty Principle - Defined as a policy must result in the greatest basic liberty for everyone. It addresses autonomy. * Difference Principle - Defined as a policy must not create inequality unless it results in the greatest benefit for the least advantaged, applies to allocations of utility, e.g., a company’s wage scale. A “child of the 60’s”, Goiai seemed to have a strong value system that led him to question the perspectives and practices he observed in the world. A distaste of the Vietnam War...
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...The Fall of Affordable Dream Homes How well can someone know the reasons for failure of a business? In my case, intimately. I partnered with my husband Dave for five years as a general contractor in our business Affordable Dream Homes. We became a statistic, one of the fifty-five percent of businesses that fail before their fifth anniversary (Hatten, 2009, p. 17). In the years that have passed since our business failed, I’ve mulled over why and have wrestled with what we could have done differently. Businesses fail for many reasons. Our case was classic. We failed in the long run first and foremost due to poor management. We also lacked capital, expert advice, marketing know-how, and we were pricing our product incorrectly. Off to a Great Start We started the business with great prospects, however. My husband Dave and I had dreamed of opening our own business for over ten years. Both of us craved the independence afforded us of working for ourselves, but between the two of us, we didn’t possess much in the way of small business management experience. I worked as an accounting and administrative clerk. Dave had a degree in construction management. He had managed a Winchell’s donut shop for two and a half years fresh out of college and then worked in residential construction as a construction manager and finish carpenter for five years. We became homebuilders in March of 1992. Our goal was to build beautiful, affordable new homes for clients and we named...
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...Pervert’s Guide to Cinema Robin Wood began his landmark studies, Hitchcock’s Films (1965), with the rhetorical question, “Why should we take Hitchcock seriously?” Yet it was also Wood himself who revised the question in 1983. He asks, “Can Hitchcock be saved for feminism?” While there is no denying the brilliance of Hitchcock’s subjective camera and his skillful manipulation of identification processes, one cannot help but loathe the pungent misogyny prevalent in his works. Vertigo (1958) is arguably no exception. Laura Mulvey, a vocal and influential feminist film critic, contends that Vertigo elucidates an active sadistic voyeurism of the male gaze that subjects the woman, as object-of-desire, to realize his impossible fantasy, time and again at the cost of brutish violence against her body and psychological wellness.[1] Also exploiting Freud’s theory, Tania Modleski deciphers female suffering in Vertigo as a punishment for her inherently close relationship with the mother with which the men envy.[2] In drawing on the phallocentric models of Freud and Lacan, these criticisms bear a blind spot in that they assume certain essentialist sexual development characteristics to formulate the backbone of their analysis, such as Mulvey’s reading of object-of-desire or Modleski’s draw on bisexuality. In order to fairly assess if the nature of violence in Vertigo is misogynistic, I seek a language that is not inherently phallocentric. And while Lacan offers a comparatively more...
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...Juan Gutierrez Discount Case Write-Up January 12, 2016 ------------------------------------------------- Negotiating Parties: Me vs. Parking Chairman (SAE Fraternity) The Case: There are about 40 parking spots at my fraternity of Sigma Alpha Epsilon (SAE for short). We have both double parking spots and single parking spots, which are determined on a need basis and by the amount of house points a member who is applying to park has. Currently I hold the most house points within my fraternity and therefore I get the first pick of a parking spot. However, my car is currently in Eastern Washington and will not be in its designated parking spot for about ¾ of the quarter. Regardless, the Parking Chairman insists that I pay the fixed amount of $150/quarter, even though the spot will be empty for 9 weeks (3/4 of 12 weeks). He reasoned that, ‘If they make an exception for me and lower the amount, then multiple requests for the same type of situation will begin coming in.’ Looking into my current situation more, I was able to find out that there were other members within my fraternity that also did not need their parking spot for the entirety of the quarter. I was a bit displeased with the way the parking chairman was handling the parking situation as he only offered a binary option of either Parking or No Parking. Therefore, I was only left one option…and that was to go into a Negotiation. I began my negotiation by listing the numerous members that had previously requested...
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...someone had difficulties, such as finding credible sources, others would be very happy to help him/her. All of these contributed to our successful and effective collaboration and achieve our common goal. My weakness as a part of the group was that I was not a member paying attention to details. For example, I made many grammatical errors, which later had been figured out by my group members when we reviewed our first draft. My strength was that I was willing to learn more that I was not familiar with. Since I am majoring in Sociology instead of Economics and Finance, I had to spend more time than other group member studying and researching our topic. Next time I would pay more attention to details because details would determine success or failure in most cases. 3. Do you feel that your contributions to the team project were equal to the contributions of the other group members? Why or why not? What grade would you give yourself for the Formal Report project, and why? All our group work was assigned equally. In our group discussion, each of members played a role. Yuanyuan Gao was our facilitator, who made sure that our group discussion went smoothly and efficiently. Huixing Lin was our reporter, who needed to summarize our activities. He was also a liaison maintaining our communication with each other. Zhonglin Qiu am a timekeeper, making a schedule to remind us of the important dates. Each role had many responsibilities to take and had many challenged to overcome. In our project...
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...of Action; K.T. Decision Analysis 3 Part 2; Implementation 3 Part 3; Checklist Questions 4 Part 4; “P” 4 Part 5; Ethical Considerations 4 iRobot Sensor Failure - Nathan Crawford 6 Part 1; Course of Action; Decision Analysis 6 Part 2; Implementation 6 Part 3; Checklist Questions 6 Part 4; Patience 7 Part 5; Ethical Considerations 7 Technique 3: Statement Restatement - David W Reuter 8 Part 1; Review Course of Action; K.T. Decision Analysis 8 Part 2; Implementation – Using the Follow-Up Action 8 Part 3; Checklist Question 8 Part 4; Pride 9 Part 5; Ethical Considerations 9 Works Cited 10 Index 11 Problem of the overheating servo motors – Cory Balmelli Part 1; Review Course of Action; K.T. Decision Analysis In my previous report I used Kepner-Tregoe Decision Analysis to determine a course of action to solve our team’s problem of overheating servo motors. K.T. Decision Analysis helped to narrow down possible courses of action and determine which course would fit our criteria. I came up with three possible courses of action: reprogram the controller, buy new motors, or install a resistor. K.T. Decision Analysis quickly weeded out “buy new motors” based on the fact that it did not meet all our needs. That left “reprogram the controller” and “install a resistor” which both met all of our needs but “reprogram the controller” rated higher on our wants. Reprogramming the controller also rated better on the risk analysis, which is why I chose to...
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...Unit 1 Assignment Kaplan University AC301: Intermediate Accounting II September 23, 2012 Question 1. Relate the following information about your state: a) http://sos.georgia.gov/plb/accountancy/ b) CPA certification allows an accountant to become a partner in a CPA firm. It is also a requirement for career advancement and a requirement for other management positions. Some employers require job applicants to hold a CPA credential before applying for higher-level jobs. Accounting firms typically expect accountants to advance in their career, so a failure to achieve CPA certification after a certain amount of time can be cause for dismissal. CPA licenses provide credibility for accountants in other career paths. CPAs can teach college classes. A CPA can provide other services at a CPA firm such as offering financial advice, investment guidance and retirement planning, and holding this certification provides additional credibility. c) One thing about my state board that I found most interesting was that you can print your license, renew your license and click and verify a license all on the web page if you wanted to. It is very convenient, and if you haven’t received your paper license in the mail yet, your prospective employer can check on the web page and verify in a matter of seconds. d) One years and 2,000 hours in public accounting; five years and 10,000 hours in business, industry, government or college teaching (teaching at a 4 year college or...
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...Organizational Behavior Analysis By Ron Bennett BUS610: Organizational Behavior Instructor: Magdy Hussein May 19, 2014 Organizational behaviors are the actions and attitudes of individuals and groups toward one another and toward the organization as a whole, and its effect on the organization’s functioning and performance. Organizational studies comprise the study of organizations form multiple perspectives, methods, and levels of analysis. Many factors come into play whenever people interact in organizations. Modern organizational studies have attempted to understand and model these factors. Organizational behavior can play a major role in organizational development, enhancing overall performance by the organization, as well as enhancing individual and group performance, satisfaction, and commitment. As you can see from the definition above, organizational behavior encompasses a wide range of topics, such as human behavior, change, leadership, teams, etc. This paper will focus on a few parts of organizational behavior. The organization’s base rests on management’s philosophy, values, vision and goals. The bases drive the organizations culture, which is composed of the formal organization, informal organization, and the social environment. The culture determines the type of leadership, communication and group forces at work within that organization. “Human relations theories incorporate the concept that positive employee attitudes, combined with praise and recognition...
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...BIT 2303 COURSE: BSC INFORMATION TECHOLOGY NAME: OKOTH DORINE ATIENO JKUAT NO: BIT- 008- 0345/2006 PROJECT TITLE: KASARANI SPORTS CLUB DECLARATION I declare that this project is my own idea and my own work. It has not been presented by any other person before and has been developed through my own creation, time and effort. No one else is authorized to use it without my permission. Name: ………………………………… Signature: ……………………………… Date: ……………………………… ACKNOWLEDGEMENT I would like to express my special gratitude first and foremost to God Almighty for giving me his guidance, grace, wisdom, strength and help throughout the project. Next, I would also like to thank my parents and family for their financial and moral support. I would also like to thank my friends and colleagues especially Mary Mutuku and Frank Omondi for their support throughout the project. I would also like to express my sincere gratitude to the staff at Kasarani Sports Club without whom this project would not have been possible. DEDICATION I dedicate my project to my parents for their love and support, and to my brothers and sisters for the support TABLE OF CONTENTS PAGE NUMBER DECLARATION………………………………………………………………………...
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...Case Study: #1 - The Big Data Challenges Arnechia Washington Professor Durgin CIS500 Info Syst Decision-Making January 26, 2014 Volvo Car Corporation has incorporated the cloud infrastructure into its networks to globalize the company. “With hundreds of sensors and CPUs embedded throughout the car — from the brakes to the central locking system — data is now being captured for use within the vehicle itself, and also, increasingly, for transmission via the cloud back to the manufacturer” (Strader, 2011). Volvo’s data Warehouse has multi-terabytes of data from the hundreds of sensors and CPU’s that are embedded throughout the car as well as data from customer relationship systems. The Cloud platform allows implementing and evaluating real-time information systems to transform data into knowledge. This will give Volvo a competitive advantage over other car companies and allow their offices no matter the location to immediately take advantage of the data that is stored. There are two different cloud infrastructures within their infrastructure: service cloud and vendor hosting. Service cloud is used to support the customers and while their customers are operating the vehicles. This will enhance the car from the information that is gained based on the design and performance level of the car. Vendor hosting is used for the data that is located in separate warehouses. This platform allows the data to be consolidated into one place and reduces the cost to maintain, operate...
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...treatment, management, and prevention of diseases using medical and health care professionals. Jacobsen (2012) cites that health care sector offers variety of exiting careers which health professionals can pursue including; health management, medical equipment sales, research, and discovery as well as clinic and chronic care centers management. All these areas have their specific importance in ensuring quality health delivery to people who seek medical services. One of the most interesting areas of health care for me is the medical research. Health or medical research is a systematic way of evaluating human infections and learning more about human health with the aim of discovering the human health disorders and inventing strategies for the preventing and treating human diseases (Jacobsen, 2012). It also involves the evaluation of safety and effectiveness of particular treatment procedures, validation of a course of treatment and collection of data that will allow future analysis of the study. History of Health Research and the Future Although health research dates back to early 14th century, active scientific approach to health care challenges started with studies about the antibiotics after the Second World War. The discovery of penicillin and vaccines like polio and measles opened studies for several drug and disease which later led to eradication of certain communicable diseases (Jacobsen, 2012). The research has enabled development of over 1,000 drugs which are approved by Food...
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...Heart Valve Replacements: Requirements and Evolution Advanced Structural Aspects of Biomaterials Fall 2013 Sonia Travaglini 1 , Hao Ji 1 , Yangxin Chen 1 , Sofia Cafaggi 2 , Britta Berg-Johansen 2 C215 & 2 BioE C222 Advanced Structural Aspects of Biomaterials University of California, Berkeley 1 ME Table of Contents TABLE OF CONTENTS --------------------------------------------------------------------------------------------------------------- II 1. EXECUTIVE SUMMARY----------------------------------------------------------------------------------------------------------- 1 2. ANALYSIS OF STRUCTURAL FUNCTION & REQUIREMENTS OF THE DEVICE ------------------------------ 2 2.1 HEART VALVE DYNAMICS ------------------------------------------------------------------------------------------------------------- 2 2.2 HEART VALVE HEMODYNAMICS ------------------------------------------------------------------------------------------------------ 2 2.4 MATERIAL PROPERTY REQUIREMENTS ----------------------------------------------------------------------------------------------- 3 2.5 BI-LEAFLET HEART VALVES ----------------------------------------------------------------------------------------------------------- 3 3. DESIGN & MATERIAL EVOLUTION ------------------------------------------------------------------------------------------ 4 3.1 DEVICE DESIGN -------------------------------------------------------------------------------------------------------------------------- 4...
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