My Inspiration on my life Essay

As I thought of who I admired most and was successful at their job, I began to think of famous people and people involved in my academic and athletic careers. I realized that I was looking at the wrong people in my life. These people have passed through my life, yet the person who had the most impact was one who affected me every day. My mother, by far, has had the greatest impact on my life and I admire her far more than anyone else. Her heart and determination are something that I can only hope that I too will someday have. The reason my mom is successful at her job and I admire her so much is that, without her I would not be able to do the basic things that I do today. She taught me so much and has had a huge impact on my life. My mother may not be the top of the charts at her job that she works on the week days (Working at the Pentagon), but she over achieves in her job of being a mom. She is successful at her job because she was able to raise my sister and me to be the people we are today, from the very beginning of our life to now. I have watched her struggle with running a household, giving my sister and me rides, and working every week at her job. I did not realize as a young child how much courage, strength, and determination it took to take on this work. She never hesitated to drop everything to rush my sister and me to dance, soccer, church, or wherever we needed to go. I could always look up from the sidelines of a game to see her cheering me on. She has never given up on me and she always tries her hardest to do what’s best for me. I admire my mom far more than anyone because even though she might have been having the busiest day of her life, she always somehow made time for family. She also taught me that if you believe in yourself you can achieve anything. She would push me harder to help me accomplish my goals and she taught me to do things with 110% effort. My mom has shown me that with determination and perseverance one can accomplish a nything. I have seen my mother give up as she struggled to be a better person, raise a family, and work a job, but she has always supported me in all my choices. She strived to make my sister and me strong people with independent minds. I look to her in hopes that someday I will be as happy, as strong, and as well-spoken as her. She has taught me the most important thing in life – never give up on your dreams. I thank her dearly for helping me become who I am today. I would have never made it as far as I have without her help. Read more:Â  The person I admire essay example

Capital Budgeting Process and Decision

For any company, success is determined by capital budgeting decisions. This is one of the decisive factors for the failure or success of a company. Financial managers are tasked with perhaps some of the most important decisions that affect the business (Capital Budgeting Valuation, 2013). However, it is important to note that there are several factors that combine to make decisions in capital budgeting these decisions continue for a number of years, thus, the decision makers or the managers are part of this flexible process. Since capital assets must be used when needed, then this makes opportunity a very important consideration in the capital budget. Capital budgeting process is important because expansion of assets implies very large expenditure.   Before a company uses a very large amount of money on a project the managers should ensure that the company has sufficient available funds to finance the entire project. Two examples of capital budget decisions (Donovan, 2006). Information required within the firm may vary in accordance to the level of organizational structure.   Senior executives or CEOs decisions are structured less in the sense that there are no situations that are repetitive and subsequently no single solution can be applied; On the other hand, evaluation and assessment criteria and points of view should be known for each situation where the data is accurate and must come from subjective and external in uncertain and risky environments. Since it is not possible to determine and control all the variables or factors that affect a situation, it is that models are sought to represent reality for their analysis in the hope that those decisions made are satisfactory and not optimal decisions within the context of rationality of who They must make decisions (Kalyebara, & Islam, n.d.) . Specific and concrete at each level to the lowest levels. The information required in all these decisions represents the point of departure for carrying out a ctions that will ultimately affect the performance of the organization Capital Structure of the Company The optimal capital structure is that for which the cost of capital is minimal: if the company is financed with this debt / equity ratio, the market value of the company will be maximum. Optimal financing structure e = Debt / Own Resources in practice is difficult to determine. Generally speaking, financing projects whose economic profitability exceeds the cost of the project itself will increase the shareholder's profitability in that difference (depending on the margin between the investment return and the cost of the debt). : It is necessary to see the project independently of the rest of the projects of the company. This approach, however, considers only the explicit cost of debt, that is to say, the derivative of comparing the revenues and disbursements originated by indebtedness. There are other costs apart from the explicit so that it diminishes the profitability of that project or even that it is negative. But the ability to borrow is not unlimited because if we borrow now, we will have to opt for more expensive debt or own financing in the future (Rasmussen, 2003).   Therefore, the debt has an implicit cost: to finance itself today with debt, may mean having to give it up in the future. This is related to the formulation of the capital budget according to which the financing of a project has to be studied within the framework of the general and future situation of the company. That is why we speak of the weighted average cost of capital at the time of comparing with the profitability of a project: the project has to be taken into account as integrated into the company and not in isolation. You have to collect all the debts of the company and find the weighted average cost to match. Capital Budget is a tool used to carry out certain cost planning processes for companies, families, businesses, among others, which would produce certain economic benefits with terms stipulated within a year. The capital budget can also be defined as a valued list of projects which may be feasible for the acquisition of new economic benefits, that is to say, for example, when a company makes a capital investment it incurs the current cash outflow and this Expected future benefits, the benefits usually extend for more than a year (Vogt, 2004). Within the Capital budget we can find the following advantages: It supports the development of the procedure and / or purpose.   It promotes interaction, communication and help between the areas of the company. They give common sense when making investment proposals. They serve to evaluate and choose a referential point of view. Within the capital budget we can also find the following disadvantages: It does not recognize the value of money over time. Your money recovery process is much slower than agreed. The way the parameter is set against which the recovery period of each project is compared to arrive at a decision (Shah, 2007).The fact that this method has these disadvantages does not mean that one should avoid its use in any circumstance that requires it, this means that they must be taken into account in order to make the best decision. The budget brings a number of advantages to the organization, being a planning tool. They include; The working capital of a company is what allows it to develop its social object, and of the administration that is made of it, it depends that the company grows at a greater or lesser speed, or in the worst case, that its assets are diminished or it leads to the definitive bankruptcy of the company(Nice, 2002). In such a way that the working capital is the basis on which the operation of a company is supported, which is why the importance of its administration will be exposed in this essay, the decisive and definitive one that can be in a business to manage and Budget correctly. Most capital budget studies focus on the problems of calculation, analysis and interpretation of risk. One of the most important tasks in preparing a capital budget is to estimate the future cash flows for a project. The forecasts for these are based on estimates of incremental revenues and costs associated with the project (Hornstein, & Yeung, 2005). In each investment proposal it is necessary to provide information on the expected future cash flows after taxes. For example, if a company is considering launching a new product that will compete with existing ones, it is not appropriate to express their cash flows based on their estimated sales. It is necessary to take into account the possible "affectation" of existing products; therefore, the estimation of cash flows should be made based on incremental sales. The key is to analyze the situation with the new investment and without it.The most important are incremental cash flows(Nice, 2002). The "sunk" costs should be omitted, the focus is on incremental costs and benefits; the recovery of past costs is of no importance to the project.. It is also important to note that certain costs do not necessarily mean a disbursement of money; it will be necessary to include the opportunity cost in the valuation of the project. The most important application of the cost of capital is the capital budget, in addition to serving to determine the decision or to buy or lease, for the repayment of bonds and in decisions to use debts or stockholders' equity. It is possible to fully fund a company with equity funds, which must be equal to the required return on the stockholders' equity of the company, and must consider their cost of capital from various sources of long-term funds (preferred shares or debt In the long term) and not only the stockholders' equity of the company.. The weighted average cost of capital is calculated as a compound value, made up of the various types of funds you will use, regardless of the specific financing for a project. Capital components are the type of capital companies use to raise funds (debts, preferred shares and common stockholders' equity), any increase in assets is reflected in any of these capital components. The cost of post-tax debt is the interest rate on new debt and is used to calculate the weighted average cost of capital (Baker, & English, 2011). Costs components of debt after tax = interest rate - tax savings (interest is deductible), is used because the value of the shares depends on the cash flows after tax. The component cost of preferred shares is also used to calculate the weighted average cost of capital; it is the rate of return that investors require and is equal to dividing the preferred dividend. Baker, H., & English, P. (2011).  Capital Budgeting Valuation  (1st ed.). Somerset: Wiley. Bierman, H., & Smidt, S. (2007).  The capital budgeting decision  (1st ed.). New York: Routledge. Blackstone, William, and Edward Christian.  Commentaries On The Laws Of England. [Place of publication not identified]: [Nabu Press], 2010. Print. Capital Budgeting Valuation. (2013) (1st ed.). Hoboken, N.J. Donovan, S. (2006).  Budgeting  (1st ed.). Minneapolis: Lerner Publications Co. Hornstein, A., & Yeung, B. (2005).  Essays on the corporate capital budgeting decisions of multinational enterprises  (1st ed.). Jacobs, Davina F.  A Review Of Capital Budgeting Practices. Washington: International Monetary Fund, 2008. Print. Kalyebara, B., & Islam, S.  Corporate Governance, Capital Markets, and Capital Budgeting  (1st ed.). Nice, D. (2002).  Public budgeting  (1st ed.). Belmont, CA: Wadsworth/ Thomson Learning. Rasmussen, N. (2003).  Process improvement for effective budgeting and financial reporting  (1st ed.). Hoboken, N.J.: Wiley. Shah, A. (2007).  Local budgeting  (1st ed.). Washington, D.C.: World Bank. Vogt, A. (2004).  Capital budgeting and finance  (1st ed.). Washington, D.C.: International City/County Management Association.

The Cross Elasticity of Demand and Indifference Curve Assignment

The Cross Elasticity of Demand and Indifference Curve - Assignment Example Indifference curve depicts equal levels of utility (satisfaction) for a consumer faced with various combinations of goods. There is no preference for one combination versus another as they render the same amount of satisfaction for the consumer. Consumer theory uses indifference curves and budget constraints to produce consumer demand curves. The curves are convex to the origin as a result of diminishing marginal utility. Ans: When the price elasticity of demand is less than one, the demand is inelastic. When the demand is inelastic, a given change in price causes a smaller proportionate change in the quantity demanded. Inelastic demand is for things which do not have a close substitute. When a tax is imposed on the product, the consumer bears the burden of the tax. The more inelastic the demand, the greater financial burden of a tax is placed on the consumer. When the demand is perfectly inelastic, the entire burden of a given tax will be borne by the consumer. Ans: In order to maximize profit, a firm would always try to sell more and more pollution permits and avoid buying permits for own, if possible. At the same time, there will be an effort to improve the efficiency of production to reduce pollution by less waste generation and yet keeping production cost low. Thus, the total cost of pollution abatement would be influenced by the degree of a transaction of pollution permits. For example, if a fir m earns high revenue from trading permits, it would not mind spending a part of the profit in reducing waste generation or carrying out better pollution abatement. Since eventually, it is the environmental groups who would be buying more and number of permits from most of the firms, the firms would be forced to generate less and less waste and the overall cost of pollution abatement will go down till an optimal level of pollution abatement is reached.  

Business Administration Capstone class Essay Example | Topics and Well Written Essays - 1000 words

Business Administration Capstone class - Essay Example Factors influencing organizations or businesses can be broadly classified into two i.e. external and internal environmental factors. The internal environment of an organization defines the actual working mechanism of the organization. It encompasses factors such as the organizational culture, employees’ policy, and in a nut-shell the factors which are internal to the organization that is the strengths and weaknesses of an organization (Dess, Lumpkin & Eisner, 2010). This is in contrast to the external factors. The external factors constitute the opportunities and the threats that are present in the external environment for the organization. At all times an organization is faced by either Opportunities or threats, or both. These two factors not only present challenges to an organization, but also a long-term strategy that may assist an organization grow or prosper (SWOT Analysis, n.d.). For example, Technological changes, consumer culture and the state policies present both opportunities and threats to organizations. Generally, opportunities present for a firm may also present similar threats. This is because at any instance they influence both external and internal environmental reactions. This reaction is what actually dictates the definition of a threat or an opportunity to a business. For example, government policy may be a threat or opportunity depending whether it favors or threatens an organization’s objectives. The value chain analysis of the Stilsim company indicates that the company is surrounded by a number of threats and opportunities that are likely to affect the productivity and hence the future of the organization. StilSim Company has numerous opportunities to better its services, however, the number of threats facing the company far out way the current opportunities available for the company survive the harsh

PERSONAL BIOGRAPHY Statement Example | Topics and Well Written Essays - 250 words

BIOGRAPHY - Personal Statement Example Indeed, my companions regularly irritated me amid my pre-adult years. I had numerous individuals who put resources into me, and I exceeded expectations at the greater part of my numerous and shifted diversions. I did well in school, frequently knowing how to do complex math issues before the idea had even been acquainted with our class. Thinking back, I am certain I was very egotistical, albeit I did not understand it at the time. Later in 2013, I rejoined with my parents in the United States where I joined tenth grade. In America, I started to feel burnt out on the weight put on me by my family and their elevated requirements. I systematically proceeded with my additional curricular exercises, including music and workmanship lessons, and alongside my studies. I graduated as the best student in my class, and I was satisfied because I made my parents to be proud. All my grades in the United States were amazing because I joined advanced classes. However, after three semesters, I chose to join school after I kept on exceeding expectations in training much the same as my nation of origin. I need to be a little fish in an enormous lake for a change. The wise quotes from Kiyoska (2014) give me power to move on, for the winner are always prepared for challenges. In College, I would like to proceed with the same soul of greatness to be an effective individual later

European single currency Essay Example | Topics and Well Written Essays - 3250 words

European single currency - Essay Example The idea of a European common currency had been in the drawing board since 1993, but the Euro as EU’s common currency went into circulation in 1999 and was considered as a major step towards European integration. The ratification of the Maastricht treaty in November of 1993 was responsible for the creation of the European Monetary Union or EMU and adopted the Euro as their common currency (European commission, n.d.). When the Euro was introduced into EMU on January 1, 1999, it became the new official currency of the 15 member countries thereby replacing their old national currencies like Deutschmark of Germany and Franc of France. The Euro was introduced first as a virtual currency for payments not requiring hard cash and for purposes of accounting. The old national currencies of member countries were used for cash payments and is considered as sub-units of euro. The European commission revealed that the real euro currency in bank notes and coins appeared in January 2002. The European commission reported that the primary responsibility of the EMU is to ensure the price stability of goods and services in all the member countries by maintaining an annual inflation rate of less than 2%.The European commission added that although Denmark and United Kingdom are members of the European Union, Euro is not their currency as they agreed on the ‘opt-out’ clause of the Maastricht treaty thereby exempting them from participation ... market. The European commission reported that the economic as well as monetary integration of the EU simulates the history of the Union. In 1957, when the EU was founded, they concentrated on establishing a common market. In the course of time, it was felt that closer cooperation related to economic and monetary matters were needed for the common market to progress and flourish further. The European commission revealed that when the euro was adapted as the single currency of the EU, the monetary policy is being managed by the European Central Bank (ECB) which was established for that sole purpose, and the corresponding central banks of the member countries. Together, they formed the Eurosystem Fiscal Policy on tax and spending and remain as responsibility of individual member countries. They adhere to follow the agreed procedures on public finances accounting known as Stability and Growth Pack. The member countries also retain their responsibility for creating their own structural policies related to labour, capital markets as well as pensions. They however agree to coordinate them with ECB to ensure higher chances of achieving goals related to stability, employment and growth. Having adopted a single European currency has many benefits and these were the motivations for the creation of the Euro. An Economics teacher form Oxford University named Tejvan R.Pettinger (2008) enumerated the benefits that can be derived from having only one European currency system. They are as follows: Reduced transaction Costs 1. There will be no more cost involved in currency exchanges; this will benefit tourists and firms trading in the Euro area

Subprime Mortgage Crisis Essay Example | Topics and Well Written Essays - 1000 words

Subprime Mortgage Crisis - Essay Example When home prices started falling and those loans started to go bad, Bear’s creditors got scared and pulled their money out of the investment bank. The U.S.  subprime mortgage crisis  was an unfolding of events and that were significant aspects of a financial recession and subsequent crisis that was manifested significantly in 2008. It was characterized by an upsurge in  subprime  mortgage and foreclosures, and the resultant drop of securities was backed up by the mortgages. These  mortgage-backed securities  (MBS) and collateralized debt obligations  (CDO) usually offered attractive return rates due to the high rates of interest on the mortgages but the lower quality of credit ultimately caused huge defaults. In as much as the crisis elements became more clear in 2007, most major financial institutions collapsed in September of 2008, with distinguishable disruption in the credit flow to businesses and consumers during the onset of the most severe worldwide recession. This subprime mortgage crisis was accompanied by fraud issues concerning relating to the Bear Stearns Company. Bear Stearns, had been on Wall Street feature from 1923 and had survived the 1929 crash without laying off any employees. But in 2008, its customers and creditors were worried that the billions of dollars of mortgage-backed securities on its books weren’t worth what the company claimed. Therefore, they stopped doing business with Bear Stearns. Within a few days; Bear was digested into JPMorgan Chase & Co. via the help of the Federal Reserve for an approximate value of a new Madison Avenue office tower. Bear Stearns failure was attributed largely to gorging on subprime mortgages in the previous years in what was termed as a continually-rising housing market.