Thursday, October 10, 2019
Pepsi-Cola Products Philippines Inc. Essay
1. Stakeholders 1.1. The five-year girl and the injured: ââ¬â as because of this incident a five year girl lost her life and nothing is more precious that life. 1.2. Customers: ââ¬â because people were resting their futures in the hands of this number fever promotion campaign. 1.3. Victoria Angelo, her family and families like hers: ââ¬â these people who didnââ¬â¢t have enough money to eat were buying Pepsi in the hope of changing their whole life. The rich company Pepsi was making money by making these people believe that they might win a lot of money. Instead of using their scarce resources for something more real, these people spent it on Pepsi building up dreams of getting rich and leading a good life. 1.4. Pepsi-Cola Products Philippines Inc.:- as the campaign was launched by Pepsi-cola, it is responsible for the outcomes like deaths, lawsuits, injured etc. 1.5. Pepsi-Cola International: ââ¬â as Pepsi-Cola Products Philippines Inc. is a part of the multinational firm with branches all over the world, this incident might negatively effect the sales in other countries. 1.6. PepsiCo Inc.:- as it owns 19% of the company. 1.7. Insurance companies: ââ¬â The insurance companies are affected by this incident as a lot of the Pepsi-cola cars, trucks and wagons were destroyed by the angry public and these companies might have to pay for it. 1.8. Competitors especially Coca-Cola:- as a result of this incident coca-cola might be able to snatch away a huge chunk of the market from Pepsi. 1.9. Government: ââ¬â It has to make sure that companies follow the laws andà they have to protect the innocent consumers. The government has to make sure illegal and unethical activities do not happen. It has to make sure that the laws are implemented without any exceptions. 1.10. Judicial system in Philippines: ââ¬â as it is responsible for making sure that no violations of laws and regulations happen and people who do it are dealt with in the proper manner. 1.11. Company Employees: ââ¬â they might lose their jobs as a result of the riots and losses that Pepsi had to face. 1.12. People who ran the computer or made the computer program:- as they have a significant role to play in the misprinting of the numbers. 1.13. Banks and financial institutions: ââ¬â although not very clear from the case Pepsi-cola might haven taken loans form other banks. 1.14. Share and Stockholders: ââ¬â although not very clear from the case, the value of the shares and stock of Pepsi-cola Company might have fallen. 2. Ethical Issues 2.1. Trust: ââ¬â A climate of trust provides improved communication, greater predictability, dependability and confidence among the customerââ¬â¢s, employees and the company. The people trusted Pepsi to pay them the money if they would win. But Pepsi dining do that hence breaking customer trust, something once broken is very difficult to regain. 2.2. Egoism: ââ¬â the company was just thinking about its own interests when it launched the campaign. It didnââ¬â¢t consider the poor people who might be lured by this number fever and spend the little money they had on Pepsi-cola instead of saving it and using for food, medicines, education etc, hence harming the innocent customers. 2.3. Deception: ââ¬â With the winning numbers pre-selected by computer and onlyà ten 1-million-peso prizes available, the chance of anyone becoming a peso millionaire was one in 28.8 million. But Pepsi drinkers didnââ¬â¢t know that. The few winners got saturation media coverage, and entire families spent inordinate time and effort collecting bottle caps. 2.4. Theft: ââ¬â these people who didnââ¬â¢t have enough money to eat were buying Pepsi in the hope of changing their whole life. The rich company Pepsi was making money by making these people believe that they might win a lot of money. Instead of using their scarce resources for something more real, these people spent it on Pepsi building up dreams of getting rich and leading a good life. When Pepsi refused to pay the rightful winners their rightful money, the company robbed these people of their dreams, hopes and financial resources. 3. The shaping of Public happiness a. There was maybe a little collaboration of private welfare and public good. The company was giving out prises valuing up to 1 million to people. Although the company intended to gain more market share through this action, it also helped people get more money and live a better life. On the other hand it was also private welfare as only a handful people really profited from this action. Only these few were able to lead a better life and the majority was left out b. Yes I think it is an appropriate good as one cannot always do stuff for the public good. It is not always possible to do good for all on a large scale. You need a lot of resources, power to carry out actions on such a large scale. Instead it would be better to help groups, families and individual. This is relatively easier to do and consequently a lot of people will benefit from such actions. c. What should have been differently i. Truth: ââ¬â the company should have told the truth in the advertisements, that the chance to win the game is extremely small. This would helpà especially the poor people in making the more sensible and invert their money in things what they really need. ii. Trust: ââ¬â the company should have tried to regain trust of the people by explaining to them that the mistake was not on purpose and that they never intended to hurt peopleââ¬â¢s feelings. iii. Consequences: ââ¬â The Company should have also tried to explain to the people that if Pepsi would pay the $18 billion to the people, then the company would go broke and would have to close. This would result in thousands of people loosing their jobs. iv. Government: ââ¬â it should make sure that people understand such campaigns and donââ¬â¢t get seduced by such empty promises through better control over what the companies exactly advertise and what they do. d. Yes Pepsi was justified in not paying the full 1 million pesos: Doing that would mean that Pepsi would have to pay a total of more than $18 billion, a sum that would definitely lead to the company getting bankrupt. As a result of this thousands of people would lose their jobs not only in Philippines but also in other parts of the world where Pepsi operates as the Whole Pepsi organisation would be affected by this huge loss. The share and stock holder might lose a lot of money as a result of this loss at Pepsi. Thus it is a very complicated and damaging chain reaction that would be set of into action if Pepsi paid the money. Pepsi made a mistake in printing the numbers, something it did not intend to do. It kept its promise of giving out the 1 million to people who had the numbers but now you canââ¬â¢t expect the company to pay $18 billion because of an honest mistake. Everyone makes mistakes. e. Europe: ââ¬â The response would have been different as the people in Europe are not that poor and live a good life. They are not that desperate. They are also well educated and understand such campaigns. South America and Africa: ââ¬â the response might have been similar to that inà Philippines as the people are poor and are desperate to have money. Most of the people are not well educated and hence donââ¬â¢t really understand such campaigns. Asia: ââ¬â the response here might be not that aggressive as in Philippine as the people are well educated and although also being poor they live in highly developing countries for example India ,China etc, that are constantly attractive huge investments from around the world. Multinational companies are building huge factories here and are outsourcing their functions in these countries. As such the people are not that desperate. f. The firms offer was OK, it could have offered some more money, but whatever it might have offered it would have never been enough for the people. The company had to think about all its shareholders and paying the full amount would have damaged lot of them for example Insurance companies, Company Employees, Banks and financial institutions, Share and Stockholders etc. It was in the best interest of everyone for the company to pay 500 pesos and not the full 1 million. 4. What would I do? Likely the ethical principles violated have to do with trust that they would keep their word, (pay for winners) even if it werenââ¬â¢t profitable. I donââ¬â¢t think the ads said anything about conditions of payment are only if they ââ¬Ëchoose the correct, low probability number to ensure low payoffââ¬â¢. It seems also that they need their customers, particularly since Coke customers will not be affected by Pepsi-Philippines decision not to pay off. I would make sure that the advertisements would mention the risks and possibilities of winning. The people would be aware of the fact that it is very difficult to win. This would help a person not to invest all his hopes and resources in something that is itself a dream. I would also try to explain to the people that if Pepsi would pay the $18 billion to the people, then the company would go broke and would have to close. This would result in thousands of people loosing their jobs. I would try to maintain the good will of the customers. The projected $ loss from loss in reputation may be worse than paying the prizes. Simply from a business and ethical perspective, I would have done something very quickly to maintain the good will of the customers once I knew of the mistake. I would have tried to regain trust of the people by explaining to them that the mistake was not on purpose and that the company never intended to hurt peopleââ¬â¢s feelings. Maybe in Hong Kong the results would have been less radical or violent. However that wouldnââ¬â¢t mean that the company wasnââ¬â¢t just as wrong for their short-sightedness and carelessness. Their carelessness led to violence and death. Something should have been done differently. Yes. 5. Application of to case 5.1. Personal Traits:- Business decisions are made by individuals or by committees, thus the ethics of business in reality is the ethics of the individuals making up the business. A series of factors influence a persons ethics: personal values, stage of moral development and moral approbation. The extent to which a decision makerââ¬â¢s behaviour reflects personal values depends to some extent on the decision makerââ¬â¢s ego strength, field dependence and locus of control. There the Pepsi-cola company is a big player with a lot of power which can lead to high ego strength and locus of control. This might cause the company to go its own way and set wrong standards and use questionable methods. Stages of development depict the type of rationale used to select options. Moral approbation characterizes the internal need for approval something that is scarcely present in big companies. Each of these traits either supports ethical or unethical behaviour. 5.2. Stakeholders :- A stakeholder is someone who has a stake in an organization or a program. Stakeholders either affect the organization/program or are affected by it. Stakeholders include people who staff a program (e.g., management, staff); people who are affected by a program (e.g., clients, their families, and theà community); people who contribute to a program in other ways (e.g., contributors, funding agencies and foundations, volunteers, partner organizations, board members, etc.); and people with a vested interest in the program (e.g., politicians, neighbors, etc.), competitors, suppliers etc. The company did not take into consideration the effects of this campaign on particularly its consumers. The Stakeholders influence decisions in both ethical and unethical directions. 5.3. Organizational Culture and Traits It might be referred to as the common set of assumptions, beliefs and values that has developed within the organisation to cope with the external and internal environment and that is passed on to new members to guide their actions within these environments. It provides a sense of identity among members and promotes a commitment of the members to something larger than self. It also provides for stability of the organisational social system and rationale and direction for behaviour. While organisational culture serves as the overall glue of the organisation specific aspects of its culture are influenced by the organisational traits for e.g. organisational climate and organisational goals etc. 3.4. Dimensions of Decision Making The Decision Processes help to explain the types of ethical decision making behaviour that occur in business. Managers indicate there are specific actions that they will not countenance ââ¬â thus, the minimum performance rule. Once a set of decision alternatives has been established, each one is evaluated on the bases of the Decision dimensions like economic, political, technological, social and ethical issues. These issues are responsible at the end about the ethical nature of the decision. 3.5. Moral Intensity The degree of moral intensity influences the decision makerââ¬â¢s decisions. A person with a high moral intensity is tend to consider moral and ethicalà issues more deeply than a person whoââ¬â¢s moral intensity lies very low. 3.6. Minimum Performance Level/ Total Benefit Test The decision maker applies a minimum performance rule to each of the decisions that specifies the minimum acceptable performance level for each of the decision dimensions. Any alternative that creates a conflict of interest will be dropped from consideration. The minimum performance level might be less than the desired level and when considered by itself would lead to rejection of the alternative. Decisions Alternatives that survive the Minimum Performance Level rule test may then be subjected to the second phase, total benefit yielding the overall value of each alternative. After the benefit for each decision variable has being considered has been derived, one would expect that the decision maker would select the alternative with the highest benefit. 6. Lessons Critical for organizations that are striving to gain or maintain a competitive advantage and that are in the process of re-structuring for the new century. Decision-making is an important factor for growing organizational memory with newly created knowledge and a broader base of perspectives to use in subsequent decision-making situations. Given a particular decision context and a decision maker with a set of personal values, it may be very difficult to see all sides of the issue. Individual, managerial and organisational success all depend on making the right decisions at the right times.1 However, decision-making is just one component of the problem-solving process. Unless a problem has been defined and its root causes identified, managers are unlikely to be able to make an appropriate decision about how to solve it. Effective managers know how to gather and evaluate information that clarifies a problem. They know the value of generating more than one action alternative and weighing all the implications of a plan before deciding to implement it. A major responsibility for all managers is to maintain a constant lookout for actual or potential problems. Managers do this by keeping channels of communication open and monitoring. When a problem involves others, they need to feel understood and accepted; they must have confidence that the problem can be resolved; they must trust management to see the problem as a learning experience and not as an excuse to punish someone. Whether blameworthy or not, the use of the cloak of social responsibility, and the nonsense spoken in its name by influential and prestigious businessmen, does clearly harm the foundations of a free society. I have been impressed time and again by the schizophrenic character of many businessmen. They are capable of being extremely far-sighted and clear-headed in matters that are internal to their businesses. They are incredibly short-sighted and muddle-headed in matters that are outside their businesses but affect the possible survival of business in general. But the doctrine of ââ¬Å"social responsibilityâ⬠taken seriously would extend the scope of the political mechanism to every human activity. It does not differ in philosophy from the most explicitly collective doctrine. It differs only by professing to believe that collectivist ends can be attained without collectivist means. The social responsibility of business is to use its resources and engage in activities designed to increase its profits so long as it stays within the rules of the game, which is to say, engages in open and free competition without deception or fraud.
Wednesday, October 9, 2019
Gospels of Mathew, Mark, Luke and John: The New Testament
1Introduction The four New Testament (NT) gospels of Mathew, Mark, Luke and John present four accounts of the life and ministry of Jesus. Bible scholars and historians assigned the gospel names and their authors as Matthew, Mark, Luke and John respectively. [1] The three gospels, of Matthew, Mark and Luke are known as the Synoptic gospels. [2] The aim of this paper is to discuss the main themes and focuses of each of canonical gospels and show how they relate to reveal a complete picture of Jesus' life and work. 2The Gospels a) Matthew Matthew was one of the first twelve disciples. It would appear that his intended audience were Jews, and he presented Jesus mainly as the King, the Son of David and the promised Messiah-King. He records Jesusââ¬â¢ genealogy showing Jesus is descendant from the royal line of David. In (1:1), he also introduces Jesus as the Son of David. Matthew records more teaching concerning Godââ¬â¢s kingdom, for example the entire Sermon on the Mount. The term ââ¬Å"Kingdom of Heavenâ⬠appears 33 times and ââ¬Å"Kingdom of Godâ⬠4 times. [3] Matthewââ¬â¢s gospel is listed first in the NT because it seems that it is bridging the OT and NT, ushering the Jewish reader from the familiar OT story to Jesus in the NT[4]. Matthew narrates the gospel to convince the Jewish audience of Jesusââ¬â¢ link with the Jewish history and Jesusââ¬â¢ fulfilment of OT prophesies. The gospel is recognised as the ââ¬Å"Teaching Gospelâ⬠. [5] When Jesus teaches, he demonstrates His authority as King over physical, psychological, spiritual diseases and even over elements created by God. (5:17, 4:24, 8:1-17, 23-27) Jesusââ¬â¢ authority is recorded, (28:18-20) ââ¬ËAll authority has been given to Me in heaven and on earthâ⬠¦. ââ¬Ë b) Mark Mark is the shortest of the gospels, the probable intended audience were gentiles specifically in Rome and he presents Jesus mainly as the Servant. The gospel commences with Jesus as a grown up and does not record the birth and childhood and omits Jesusââ¬â¢ genealogy. He translates the Aramaic phrases for his audience and uses more Latin and less OT quotations suggesting that he wrote for non-Jewish who did not understand the Jewish language. [6] Mark concentrated on Jesus' miraculous works and the gospel is also known as an ââ¬Å"actionâ⬠gospel because the language he uses is action packed. He uses phrases and words such as ââ¬Å"immediatelyâ⬠, ââ¬Å"at onceâ⬠, ââ¬Å"as soon asâ⬠, ââ¬Å"quicklyâ⬠stressing his focus on action. 7] He writes with the aim of converting his audience by proving that Jesus is the Son of God, a Jesus of power and action. Marksââ¬â¢ audience faced persecution and martyrdom and so he also writes to strengthen them. He needed to tell them that Jesus had also suffered, and had triumphed over suffering and death. [8] c) Luke Luke was a doctor who got his information fr om many eye-witnesses. The book may have been commissioned by a non-Christian Roman official called Theophilus (1:3,4). Lukeââ¬â¢s gospel also is a sequel to the book of Acts. This gospel is the longest of all NT books. It bridges the events between Christ and the establishment of the church. [9] His genealogy traces Jesus' roots back to Adam versus genealogy tracing back to the Jewish Abraham. [10] There appears to be evidence in Colossians 4:10-14 that Luke was a gentile, therefore suggesting his audience may have been gentiles and the only gentile to have his writings canonised. He portrays Jesus as saviour by including more distinct healing miracles and parables than the other gospels. [11] Luke records more narrative of the events, and he alone records John the Baptistââ¬â¢s parentage and records the longest period. Luke emphasises that salvation is for all and more of Jesus at prayer. [12] He may have wanted the gentiles to know that they had the same access to God and presents Godââ¬â¢s grace as available to all. e) John Reading the NT gospels shows that the content and style between John and the Synoptic gospels is different. John lived to be older than any of the gospel writers, therefore it is possible he was aware of the Synoptic gospels and thus wanted to compliment rather than produce a similar account. John brings out the spiritual significance more than the other gospels. 13] ââ¬ËThere are more extended discourses in John and Jesus employs more rabbinical methods. ââ¬Ë[14] Johnââ¬â¢s purpose of writing is found in John 20:31, ââ¬Ëbut these are written that you may believe that Jesus is the Christ, the Son of God, and that believing you may have life in His name. ââ¬Ë He wrote to show that God was for the whole world, (3:16) and had worked through His chosen people, no w was working by Word become man. The few miracles that he describes can only be attributed to God Himself. He stresses Jesusââ¬â¢ deity, (1:1) Jesus is the Word, that is God who became man. Jesus confirms this verse by many ââ¬Å"I am statementsâ⬠for example: the bread of life, the light of the world. [15] These ââ¬Å"I amâ⬠statements had an important meaning as they were the words God used when He spoke to Moses from the burning bush showing and proving His divinity. (Exodus 3:6). Throughout the gospel, he records the relationship of Father and Son. For example, those who hate the Son hate the Father, making it impossible to accept the Father if one is not a Christian (8:28) and (15:23). Some of these recordings may lead others to believe that the gospel was intended for the Jews. ) Common Ground All four gospels have recorded the witness of John the Baptist, the call and the instruction of the disciples, the feeding of the 5000, Peterââ¬â¢s confession of faith, the triumphal entry into Jerusalem, his trial, condemnation and crucifixion, his resurrection from the dead on the third day, his resurrection appearances and his commissioning of his disciples among many others. [16] In addition there are numerous specific sayings which are common or appear in parallel form in all four gospels. There is also material only found in either one or two or three of the Synoptic gospels. There is material that is unique to Matthew, to Mark, to Luke and to John. Most Bible scholars agree that Mark is the earliest gospel and that it was used as a source by Matthew and Luke,[17] Matthew and Luke also used another hypothetical source called ââ¬Å"Qâ⬠. [18] This priority of Mark would explain why the Synoptic gospels seem to share mostly the same view of their recorded events. g) Different Ground Some of the major differences in John is that he did not record Jesus' birth, wilderness test, transfiguration, parables as in the Synoptic gospels, the Lordââ¬â¢s supper and the agony in Gethsemane and he has more extended discourses. It could be that John used different sources or his knowledge and facts from his times as Jesusââ¬â¢ disciple. Some of the differences are caused by John concentrating on Jesusââ¬â¢ later ministry around Jerusalem during the temple feasts and the Synoptic gospels concentrate mainly on the earlier ministry in the north and around Galilee. 19] 3. Conclusion All four canonical gospels compliment one another, and present one and the same Person, Jesus the humanityââ¬â¢s redeemer. A Jewish audience in Matthewââ¬â¢s church would need to hear about how Jesus related to Judaism and a gentile in Mark or Lukeââ¬â¢s church would want to hear the gospel presented in a way that addressed their lives and situations. When the writers were writing th ey had no idea their material would be used, included or arranged in the Bible as we know it. Therefore we can conclude that the purpose of the gospels, their unique styles and their relationship was to give a complete picture of who Jesus is and to relay the message of redemption. The differences have probably since been instrumental in attracting a diverse group of Christians to the church and in spreading the Good News of Jesus Christ. The Bible in its entirety is God-inspired and God-breathed. The triune God was actively involved in the revelation of His truth to the apostles and prophets who wrote it down. (2Timothy 3:16) Bibliography Bruce, F. F. , The New Testament Documents ââ¬â Are they reliable? Grand rapids, MI: Eerdmans, 6th. edn. 1981). Drane, John, Inroducing the New Testament (Oxford, UK: Lion,1999). Garrard, David J. , New Testament Survey (Garrard and Mattersey Hall, 2006). House, Wayne H. , Chronological and Background Charts of the New Testament (Grand Rapids, MI: Zondervan,1981). McClaflin, Mike, Life of Christ (Springfield, Missouri: Global University , 3rd. edn. 2000). Milne, Bruce, The Message of John (London, UK: Inter-Varsity_press, 1993). Radmarcher, Earl D. , Allen, Ronald B. & House, Wayne H. , (eds. ),Nelson's NKJV Study Bible (Nashville, TN: Nelson Bibles, 1997). Youngblood, Ronald F. , Bruce, F. F. & Harrison, R. K. , (eds. ), Nelson's New Illustrated Bible Dictionary (Nashville, TN: Nelson, 1995). By Sally Masamha 11 December 2009 ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â [1] John, Drane, Introducing the New Testament (Oxford, UK: Lion,1999), 170 [2] Mike McClaflin, Life of Christ (Springfield, Missouri: Global University, 3rd. edn. 2000), 16 [3] Earl D. Radmarcher, Ronald B. Allen & Wayne H. House (eds. ),Nelson's NKJV Study Bible (Nashville, TN: Nelson Bibles, 1997), 1573 [4] McClaflin, Life of Christ, 18 [5] McClaflin, Life of Christ, 36 [6] Drane, 197 7] David Garrard, New Testament Survey (Garrard and Mattersey Hall: Mattersey, UK, 2006), 28 [8] Radmarcher, Allen & House (Nelson's NKJV Study Bible, 1997), 1637 [9] McClaflin, 41 [10] Wayne H. House, Chronological and Background Charts of the New Testament (Grand Rapids, MI: Zondervan,1981), 96 [11] House, 92 [12] Radmarcher, Allen & House, 1683 [13] John, Drane, 2 08 [14] Bruce Milne, 21 [15] Radmarcher, Allen & House, 1754-1755 [16] Bruce Milne, 19-20 [17] F F. Bruce, The New Testament Documents ââ¬â Are they reliable? (Grand Rapids, MI: Eerdmans, 6th. edn. 1981), 27 [18] Mike McClaflin, 18 [19] Bruce Milne, 21
Tuesday, October 8, 2019
Although the dangers of smoking have long been recognized, people Essay
Although the dangers of smoking have long been recognized, people continue to smoke. Why has the battle against smoking not been - Essay Example On 29 September 2005, the Supreme Court of Canada ruled that British Columbia could sue tobacco companies to recover health care costs for ill-nesses caused by smoking. In opposition to this rule, Rondi Adamson in his article Do We Really Want Private Decisions Regulated?, states," But just how much do you want your private decisions regulated by others, snitched-on by your neighbors or used by your government so they can make some money?". The point being that, people deserve to take control of their own life and be responsible for their own decisions, whether harmful or beneficial. He rightly argues that if this view is to be taken into account for making decisions, then even companies manufacturing a product as commonplace as potato chips should be sued, as even they are dangerous to health. This analysis makes the order of the Supreme Court sound rather dubious. Moreover, our government clearly exhibits double standards when it comes to eliminating tobacco products. It is a well- known affair that the government earns a hefty amount on an annual basis in the form of taxes which it imposes on the tobacco companies.
Monday, October 7, 2019
Financial Mangement 1 Essay Example | Topics and Well Written Essays - 2500 words
Financial Mangement 1 - Essay Example 2008 1700 0.592 1006 2009 1900 0.455 865 2010 1300 0.350 455 2011 6550 0.269 1762 5242 Less initial cash outlay 5500 258 STEP 3 After now getting a negative NPV from step 2 above interpolate the results I. R. R = lower discounting + [N. P.V at lower discounting rate - NPV at I.R.R] HDR rate NPV at LDR - NPV at H.D.R LDR Where HDR = Higher Discounting Rate = 30% LDR = Lower Discounting Rate = 11% IRR = Internal Rate of Return & NPV at I.R.R = 0 I. R.R = 11% + [3362 - 0] (30% - 11%) 3362 - - 258 = 11% + 17.65% = 28.65% Since the internal rate of return is greater than cost of capital the project should be accepted. B The initial research costs of 500 will have to be capitalized and form past of the initial cash outlay (investment). This is because the cost can be directly attributable to the cost of the project. It is not a period cost and hence cannot be treated as a normal expense. Working capital will comprise of the salvage value of the plant and machinery and the additional capital of 1,000,000 & 5,000,000 invested on 31st Dec 2006 & 31st Dec 2007 respectively, working capital are the financial resources which shall be availed at the end of the project life. These can be invested. They are assumed to be past and pared of the economic benefits flowing onto the enterprise. But should be captured at the end of the fifth year. Depreciation is a non- cash item. Depreciation is not taxed. Instead the entrepreneurs are given a wear and tear allowance. It is excluded from taxation and their added back to arrive at the Net operating cash flows. The following factors highly affect the earlier decision of accepting the project. a) The sales are first an estimated and do not reflect the...These can be invested. They are assumed to be past and pared of the economic benefits flowing onto the enterprise. But should be captured at the end of the fifth year. Depreciation is a non- cash item. Depreciation is not taxed. Instead the entrepreneurs are given a wear and tear allowance. It is excluded from taxation and their added back to arrive at the Net operating cash flows. Raising finance through issuing of more shares will lower the gearing level of the firm. Gearing refers to the extent to which the assets of the firm have been financed using borrowed capital. The raising of more shares will make the ordinary share capital and other equity instruments in totality to outweigh the fixed charge capital in the capital structure gearing, being a ratio of fixed charge capital vs. equity will then be lower. What would happen is that the current shareholders would be diluted by an additional issue of shares. This firm has already and overdraft of 40,000 which has not been financed. Any additional borrowing would increase its financial risk. This might ultimately lead to insolvency of Barnsley. It would mean that the firm will be highly geared because shall have been increased by virtue of going for the loan. In addition the loan is short -term in nature. The providers of the loan would therefore require that it be surfaced within a short time period. This may in return affect Barnsley's working capital. Sharehold
Sunday, October 6, 2019
Elizabeth Cady Stanton's Criticisms of the Nineteenth Century Gender Essay
Elizabeth Cady Stanton's Criticisms of the Nineteenth Century Gender Order - Essay Example We live in a world where each day there arise new issues on gender. The most striking part is the role of women in the society as opposed to that of their male counterparts. In the 19th century, Elizabeth Cady Stanton and other women activists realized that being denied influential rights such as the right to vote while men were allowed to was oppressing women. It was argued that since women were attached to men through husbands and fathers, men could vote for them. Men were also the main decision makers and women were only to submit to what had been decided. One wonders how womenââ¬â¢s needs could be catered for if they could not be allowed to vote. There are issues which are unique to women and need only women to address them and focus is placed on Elizabeth Cady Stanton, a woman who feared nothing to voice out the plight of women at a time when the cultural values in America restricted women from trying to challenge or be above men. The woman was simply to give birth and take c are of the children and the husband. This paper presents some of the criticisms that were made by Elizabeth Stanton such as issues to do with birth control, divorce and voting rights and shows how she fought to correct them. It analyses this issues in the current America to show that though some gender issues have been given attention and solved, others continue to emerge hence the need for continual review of the issues affecting women. The fight to gain women rights started and still goes on!!! Colin L. Powell once said that women rights are human rights hence failing to address issues affecting women implies failing to address the issues affecting the entire humanity.... As a result many of the challenges facing them were not addressed in the governments in place. Women were expected to respect the will of the men and therefore their choices. She felt that men only exercised tyrannical leadership towards women and never cared about their needs. The fact that women did not vote, according to her, was an implication that they were mute. That their plights could not be heard nor addressed. At one point she was furious to the point that she asked why the ignorant black men and immigrant men were allowed to vote while educated white women who were natives of America could not be allowed to vote. She felt the need to sensitize other women to fight for their rights to vote for these could be the only way in which their needs were to be addressed. They had to come together and with one voice demand for the rights that they had been denied for years. They had to be involved in political maters for this could enable them to be free from the frequent exploitati ons and dependence on men. This suggestion was obviously going to be met with a lot of resistance since it touched on some of the cultural values of the American society, which had been held by the American people for a long time. This is why Elizabeth Stanton and her female friend Susan B. Anthony did not see this dream they held come true up to their deaths. It took a long time for the American people, more especially men, to agree to the adoption of the ideas advocated by Stanton and other American feminists of the time. Stanton was also opposed to the idea the idea that men should have better and advanced education than women. This, she had experienced when her father
Saturday, October 5, 2019
The Dangers Of Smoking Essay Example | Topics and Well Written Essays - 2250 words
The Dangers Of Smoking - Essay Example Therefore, it will be the express intent of this author to focus upon the risk of cancer, breathing diseases, up to and including emphysema, and heart disease that smoking has been known to trigger. Moreover, the analysis will also consider the secondary health affects that smoking can visit upon the individual exposed to ââ¬Å"secondhandâ⬠smoke or passive smoking. Through such an analysis, the far reaching and broad health impacts that smoking portends can readily be noted. Whereas many individuals are of the opinion that smoking is a dangerous process that threatens the overall health and well-being of the individual, the fact of the matter is that the overall scope of danger that smoking represents is much greater than most individuals realized. Accordingly, as a means of categorizing this danger and promoting a level of understanding with respect to the full range of damaging impact that smoking can have upon the individual, this brief analysis will consider and discuss th e litany of negative health impacts that smoking engenders. ... will make is one that I based on a logical framework of understanding the known risks which smoking provides to both the smoker and to those that inhale the second-hand smoke. Firstly, it must be understood that smoking accounts for nearly ? million deaths each and every year within the United States. This is a figure that is larger than the overall number of people that succumb to HIV/AIDS, illegal drug use, alcohol use, motor vehicle death, suicide, or murders combined. As such, the overall scope of the damage that smoking can have upon an individual is profound and affects their life in a number of different ways. Most obviously, high rates of lung cancer can almost entirely be attributed to smoking. Current estimates place this number from 80-90% of all lung cancer cases; depending upon what demographic and gender is measured. Regardless of the actual number, the statistics that have been provided show that smoking is invariably attributed to high rates of lung cancer and death. Yet, this statistic oftentimes confuses individuals who assume that lung cancer is the only means through which smoking can adversely impact upon the overall health of an individual. However, smoking also increases the chances of developed coronary heart disease by up to several times the normal rate. Moreover, a vast percentage of all deaths that are the result of chronic obstructive lung disease are normally caused by cancer. Yet, of all of the health impacts that can be felt, it is the health impact of cardiovascular disease that is the most overlooked. Due to the impact that nicotine has as well as the artery hardening properties of prolonged exposure to first or second hand cigarette smoke, the narrowing of blood vessels helps to put smokers at high risk for any type of blockage or
Friday, October 4, 2019
Family Guy Connections between Family and Work Movie Review
Family Guy Connections between Family and Work - Movie Review Example The family does not have sufficient economic resources since Peter Griffin is a blue collar worker who survives as a manual laborer while his wife stays at home tutoring piano lessons. The nature of their work shows that they rely or skilled and unskilled jobs for survival and are grouped among the middle class family of the Rhode Island. According to Family Guys show, there is a gendered division of labor since Peter works on the manual works while his wife, Lois works from home as a piano teacher. The animated series shows the adventures of the family as they pursue different job obligation depending on their gender (Family Guy).The house is not clean since the family has odd kids that play different roles to maintain the humor. For instance the youngest kid, Stewie is a sadist that works upon destroying the world while the talking dog spends its whole time sipping Martin. The nature of the daily per takings automatically shows that the house is not in order.The show outlines infan cy, adolescence and mature adulthood life stages of the characters. In this case, Peter Griffin and his wife Lois are outlined as mature adulthood people sice they are raising a family and have established themselves in their different work roles in Rhode Island. Additionally, Stewie is outlined as an infant son who has adopted adult mannerisms and uses stereotypes in his speeches.Also, Meg and Chris are outlined as teenage kids who do not love schooling and are not intelligent respectively.
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