...receive must be rendered again, line for line, deed for deed, cent for cent, to somebody” and this is exactly what “paying it forward” is. Kant says that morality is not just doing the right thing by helping other people, but doing it for the right reasons as well: simply because it is the right thing to do. He holds true that for an action to be moral, it must be done out of a principle which can be applied to everyone equally, a maxim that can be willed to become a universal law. The movie and the book, Pay it Forward, progressively rises towards the moral standards of Kant as the characters come to understand the meaning of this movement and their duty to the world. I saw a bumper sticker the other day that said, “Think globally, act locally.” That is what the kids in Mr. Simonet’s class are really being assigned to do and that is what the Pay it Forward movement demonstrates. We are all connected to each other. The world may be broken but in watching and helping those around us for the right reason, the benefits spread worldwide. Kant agrees that the world is broken, that the human condition is flawed or Trevor in the beginning says, “the world is shit.” Trevor looks at all the bad around him; the trailer homes, the bullies, all the starving homeless people. His mom is a drunk and working as a stripper, his dad is abusive and it is no mystery why an eleven year old would see all this and think the world sucks and there’s nothing he can do. When the children in Mr. Simonet’s...
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...I think it can be agreed that in a world filled with violence and selfishness good deeds are much needed. There are many ways that a good deed can be demonstrated. One way is topay it forward. Although personally I was sick on the day of the event I still feel compelled to write about it. This is because for a few years I have been a huge fan of paying it forward. There are many ways that you can pay it forward, it has a huge impact on society if done correctly, and it has personally effected me. Paying it forward can be done at any time anywhere. For example you can be at a mcdonalds drive through and decide to pay for the persons meal behind you. As a result of this someones day can be made. Another way you can pay it forward is as a business owner you can set up a program. A couple years back there was a perfect example of this on the news. A small business owner almost straight out of college decided to open up a pizza shop. what he did was sold dollar slices of pizza. The significant thing that he did was gave everyone the oppurtunity to pay an extra dollar to go to the pay it forward account. Also for every dollar someone put in the pay it forward account the owner of the shop would match this dollar. The cool part about this is anybody that may not have cash on them or whatever the situation may be could take a dollar out of the account an buy a piece of pizza. As a result of this thousands of people where buying each...
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...What do you do when someone does you a favor? Instead of paying him back, Trevor Mckinney tells you to pay it forward. Pay It Forward stars Haley Joel Osment (The Sixth Sense) as 7th grader Trevor McKinney, the son of an alcoholic and single mother Arlene (Helen Hunt, What Women Want, Cast Away). Eugene Simonet (Kevin Spacey, American Beauty) is Trevor's unconventional Social Studies teacher who gives his class an unexpected assignment at their first meeting: "Think of an idea to change the world and put it into action." Simonet wants his pupils not only to know current events but also to think of making a difference in society. Trevor comes up with an idea: he will do an act of kindness to three people and instead of being paid back with gratitude, he will ask each recipient to pay it forward to three more people. They in turn must pay another good deed to three other people, and so on. Trevor works on a homeless man, his teacher Simonet, and his classmate Adam. Four months later, a reporter's (Jay Mohr) car crashes while on a beat and a stranger gives him his Jaguar to keep. The reporter tries to find out why anyone would do such thing and was told to simply "pay it forward." Leslie Dixon's screenplay based on Catherine Ryan Hyde's novel is a powerful story. Director Mimi Leder (Deep Impact) is Steven Spielberg's protégé and shows the same ability of maintaining the balance in creating realism without falling into melodrama. The lead characters are fully developed and superbly...
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...is 10 percent per annum with continuous compounding for all maturities. Jaime has just entered into a forward contract to buy 10,000 ounces of silver in six-months. a) What is the present value of the storage cost? b) What are the six-month forward price and the value of Jaime’s forward contract? c) Three months later the spot price of silver is 27.50 and the risk-free rate of interest is still 10 percent per annum with continuous compounding for all maturities. What is the value of Jaime’s forward contract? d) Explain why the forward price of silver can be calculated from its spot price and other observable variables whereas the forward price of copper cannot. a) The present value of the storage costs: b) ( ) ( ) The initial value of a forward contract is zero. c) The value of Jaime’s contract is d) Silver is an investment asset. If the forward price is too high, investors will find it profitable to hold more silver and short forward contracts. If the forward price is too low, investors will find it profitable to sell more silver and long forward contracts. Copper is a consumption asset. If forward price is too high, a strategy of buying copper and short forward contracts works. However, because investors generally hold copper for consumption, they are reluctant to sell it and buy forward contracts when forward price is too low. Because forward contracts cannot be used in manufacturing process or consumed in other ways. Problem 2 The Canadian...
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...Acquisitions 8. Risikomanagement Prof. Dr. Streitferdt: International Financial Management 1 1. Prologue Discounting Calculating present value 0 t=1 t=2 t=3 2,000 t=0 4,500 3,000 t=4 t=5 3,500 6,000 How much would you be willing to pay for this stream of future cash flows, if the interest is at i = 5.65%? Why is the result today’s value of the future cash flows? What are the assumptions of this calculation? Prof. Dr. Streitferdt: International Financial Management 2 1. Prologue Discounting Calculating present value 10/28 10/14 6,000 0 How much would you be willing to pay for this stream of future cash flows, if the two week Euribor is at i = 5.65%? What makes this calculation different from the last slide’s calculation? How many days has a year? Prof. Dr. Streitferdt: International Financial Management 3 1. Prologue Discounting Interests for investments with less than one year maturity Interests are always quoted for one year: A company has in 2012 an overdraft credit of 100,000 € with interests of 6%. The credit is used for 75 days. 75 The company has to pay interests of 6% · · 100,000 €. days per year Different day-count conventions act/360 75 100,000€ 6% 1,250 360 act/365 75 100,000 € 6% 1,232.88 365 act/act 75 100,000 € 0.06 1,229.50 366 ...
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...Main details about the Currency Hedge Case: * John will buy 8,000 cases for € 1,030,000 * John will sell all 8,000 cases for $199 for each case ($ 1,592,000) * Spot Exchange Rate is $1.32/ € * The Forward rate for November is $1.37/ € * The Forward rate for December is $1.39/ € * Forward contracts can be bank forward rate of the month * Future contract can be multiple of $ 62,500, expiring 3rd Friday of each month. * November option can be multiple of $62,500 buying the $ 1.37/€ costing 3 cents per Euro. * December option can be multiple of $62,500 buying the $ 1.39/€ costing 3 cents per Euro. * Euro Interest per three months in annual rate 6% * Dollar Interest per three months in annual rate 6.5% PART I FORWARD HEDGE € 1,030,000 ($ 1.37) = 1,411,100 November € 1,030,000 ($ 1.39) = 1,431,700 December Differences in the Forward rates for November Spot Ex Rate | Unhedget Position | Forward Hedge | Gain or losses | 1.22 | 1,256,600 | 1,411,100 | 154,500 | 1.32 | 1,359,600 | 1,411,100 | 51,500 | 1.37 | 1,411,100 | 1,411,100 | 0 | 1.42 | 1,462,600 | 1,411,100 | -51500 | 1.52 | 1,565,600 | 1,411,100 | -154,500 | Differences in the Forward rates for December Spot Ex Rate | Unhedget Position | Forward Hedge | Gain or losses | 1.24 | 1,277,200 | 1,431,700 | 154,500 | 1.34 | 1,380,200 | 1,431,700 | 51,500 | 1.39 | 1,431,700 | 1,431,700 | 0 | 1.44 | 1,483,200 | 1,431,700 | -51,500 | 1.55 | 1,586,200 | 1,431...
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...New Hire Communications Joe COM 295 New Hire Communications Welcome to Pep Boys Automotive, I would like to invite you to become part of the Pep Boys Team. I would like to first tell you that we have the deepest appreciation of our employees. Pep Boys has been owned and operated since 1921 and founded in Philadelphia, PA. Our family has come to call our employees family and we look forward to adding you to it. At Pep Boys we understand that family comes first and that is why we treat you like it. This transition from school or other employment may be stressful, but we look forward to helping you through this transition. I will start with our business structure so that you have an idea of your potential. I started in the exact position you are in right now. You are currently assigned to service, and after two years you will become eligible for a position as S&SP (Sales and Service Professional). This position will fast track you after another two years to Assistant manager. We require a five-year commitment from our assistant managers and then you will become eligible for your very own store as a Manager. We require another fiver year commitment if you choose to continue to grow with our company. We just celebrated a ninety-five-year anniversary, so you can see we will continue to serve our customers for a very long time Our company has become successful thanks to our employees and we recognize their dedication and team work. Our customers keep us open...
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...New Hire Communication New Hire Communication Com-256 09/28/2015 Professor Grey Scott New Hire Communication Welcome to All American Homecare, I would like to thank you on becoming part of the All American family. All American HomeCare is Family owned and operated, and has been from 2003 when it was first founded. At All American HomeCare, we understand that family comes first, and that is why we treat you like family. This transition from your last place of employment or even if you’re straight from school can be a difficult one, but we look forward to helping you through it. I will start with our business structure so that you have an idea of your potential. I started as a Marketer similar to the position you are in right now. You are currently in Sales, and after a short two years you will become eligible for a position as an Area Sales Manager. This position after few years will make you eligible to apply for Assistant District Sales Manager. Once you become District sales manager, you can apply for many other opportunities across this company. Our company has become successful thanks to our employees, and we realize that. Our Clients keep our doors open, and our employees that talk to our clients keep them coming in. We look forward to your career with All American HomeCare. Your training will start on your very first day at work. We will give you a laptop and cell phone. Through your laptop, you will have 24 hr access to available training webinars...
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...ALLOCENTRIC - tourists who try new things, they don't like things being organized or planned and they do not return to the same destination, they like being adventurous MID-CENTRIC - tourists who go to places that have been popularized by the allocentric, they are not so adventurous, neither are they afraid PSYCHOCENTRIC - tourists who like things being planned and they are afraid to take risks, they oftenly travel to places they are familiar with Text size Allocentric versus Psychocentric Alice Kahrs Allocentric and psychocentric are personality types that will determine not only how a person participates in sport and recreation, but also his or her stance on participation in life. Stanley Plog developed a model of allocentricity and psychocentricity for the tourism industry in 1972. He presented these two personality traits as the opposite ends of a continuum of traits. Psychocentric refers to people who are nervous, not adventurous, self-inhabited, and like structure. On the other end of the spectrum are those who are allocentric, or outgoing, curious, self-confident explorers. Applying this model to sports, psychocentric participants are those who look for structured sports with rules, little risk, and someone to ... comparison yan ng psychocentric at allocentric Plog's Classification of Tourists Everyone is unique in this world and so their characters and aspirations are. This can be more evident especially when we organize tours. Lots of suggestions...
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...motivated way. The definition of gamification of learning is an educational approach to motivate students to learn by using video game design and game elements in learning environments. Applying the game gamification model in school would be an advantage for the student education. As a student for someone like me I am very competitive I like to compete with others, This would make me pay attention more than I usually by paying attention this would bring my grade up and raise my GPA As a student this would be very helpful as i compete with others students. For someone like me who is very good at competing to bring my talent in the classroom would be a huge blessed because for an example my classmate mate know that i can compete on the basketball court or i'm just playing football competing to win state championship. I could bring the same mentality in the classroom competing as hard as i can to get price this would make school more fun and many student would actually be forward to wake up everyday and excited about going to school and compete with others....
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...about issuing debt in his Johnson Services company to pay for the Smith Company – would that raise debt to equity issues? I would not suggest Mr. Jones to purchase the stock of Smith outright. a stock purchase has no effect on the tax basis of the Company’s assets. Instead, he will be taking a stepped up basis in the stock purchased equal to the amount he pays for the stock, and the taxable income inherent in the Company’s assets remains inherent in the assets. Johnsons Services is already showing losses. While issuing debts in JS may give a rise to debt to equity ratio, the company should be careful in considering equity financing not to trigger an ownership change under Section 382 which may lead to limitations of using NOLs. Also, with even higher liabilities, it may be difficult to meet the debt service agreements if the company doesn’t have enough cash flow from operations. 1(c) What potential income tax ramifications exist for Mr. Johnson personally if he purchases the stock of Smithon and converts it to an S corporation? If the Mr.Jones decides to convert Smithon to a subchapter S Corporation, it will enable the corporation itself to avoid paying taxes, but the profit and losses will be passed to shareholders as personal income and losses. Now we should consider the expected losses from the huge investment in equipment purchase. Net operating losses cannot be used to shelter personal income but can be carried forward by a C corporation to provide tax benefit in future...
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...the impact of, however looked forward to seeing on their pay check stubs, and as part of a benefit to subsidize for the lack of pay raises, as the economy yearly increased on its services and goods to the public. The term cost of living allowances was a yearly incentive to all who were employed, being that prices of all services and goods increased year after year, however the employee paycheck failed to keep up with the rising cost of increased to live. Employers began to become a bit more creative in assisting employees with various offset incentives that were pleasing to employees as the COLA began to phase out. More attractive to the employee was the opportunity to be compensated more often than once a year with an ineffective form of benefit as COLA. In all actually, the COLA was a contradiction to its name and purpose. Cost of living payouts were not equally proportioned with the Cost of living increase. As a result employees began to question the employers with “What have you done for me lately?” As I began to ponder the actions and reactions to the payments of the cost of living allowances (COLA), when compared to employee incentives, the incentives became more appealing to me and I am sure is the case with many employees. I began to reflect back to when I was in the military as a service member and as an army wife, and COLA was something we looked forward to receiving with each new set of orders from base to base. Then I consider the bonuses that were...
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...Harlem Renaissance: 2. Which selection from the Harlem Renaissance offers the most hopeful message? Why? What is the selection’s message and how does the writer convey its message so effectively? What devices does he/she utilize? Theme for English B by Langston Hughes has the most hopeful message in my opinion, because he wasn’t negative about who he was. He explains a bit about himself, like where he is from and what he likes. He realizes that is he not so different from everyone else in the class and how he has the same value as any white person. I believe that Langston Hughes’ message is that no matter what skin color we are, we all learn from each other and we are all apart of each other, which makes us American. Hughes’ conveys this...
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...appear that issuing in Swiss francs is clear because of it has the lowest coupon rate, but Carrefour’s investment banks have recommended borrowing in British pounds. This analysis will reevaluate the company’s options. The initial criteria is calculate the fair forward rates of the currencies using the Implied Forward Rate: F(f.c./EUR) = (1+i(f.c.))N/(1+i(EUR))N*S(f.c./EUR) In the formula, F(f.c./EUR) is the forward rate for N years, (1+i(f.c.))N will be the interbank interest rate for N years maturity of dollars, pounds, or francs, (1+i(EUR))N represents the interbank interest rate of euros with an N year maturity, and S(f.c./EUR) is the prevailing spot rate exchange rate. Using the interbank rates and cross exchange rates gives the implied forward rates for the next ten years: With the implied forward rates, we can now calculate the cost of debt associated with issuing a 10 yr. bond in different currencies. The cost of debt in each currency is calculated by first converting 750 million euros to pounds, francs, and dollars. Coupon payments are calculated by multiplying by the respective coupon rate and respective implied forward rate for years 1 through 10. The...
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...provisions of the tax code as they would relate to the Garvey Corporation. Garvey must pay the taxes in Years 1& 2 as they come due. In year three, Garvey can carry back the $90,000 net operating loss first to year 1 for the amount of $60,000 and then to year 2 for the amount of $20,000. They can then carry the remaining $10,000 forward to future years up to 20 years. b. Determine the tax liability for the Garvey Corporation for years one and two. Year 1: $60,000 * 25% = $15,000 Year 2: $20,000 * 20% = $4,000 c. Determine the income tax refund that Garvey Corporation would realize in year three, assuming the corporation elected to use the carryback provision for its net operating loss. d. Determine the required income tax payments for year four. e. Determine the income tax liability (refund) realized in year five. There is no tax liability because of the loss year, but a refund can be realized if part of the $40,000 loss is carried back to year 4. The refund would the tax payment of $3,000 from the previous year. The remaining $20,000 can be carried forward for up to 20 years. f. If the Garvey Corporation believes its business is about to “take off” and that future incomes will exceed all previous levels, resulting in higher tax rates, would you advise Garvey Corporation to forgo the carryback provision for its year five net operating loss? Why or why not? There is a remaining $20,000 could be used against future gains for...
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