Thursday, February 6, 2020
Capital Structure and Firm Value Assignment Example | Topics and Well Written Essays - 3000 words - 1
Capital Structure and Firm Value - Assignment Example The perfect capital markets are not characterised by any market frictions like trading costs, taxes and the information is easily transmitted between the investors and the managers. M&M made a clear distinction between the financial risk and business risk faced by a firm. While the financial risk refers to the choice of risk distribution between the bondholders and shareholders, the business risk refers to the uncertainty of cash flows of the business. It has been pointed out by Miller and Modigliani that changes in leverage does not cast any significant influence on the cash flows generated by the business. Therefore changes in leverage cannot alter the value of the firm. According to them leverage simply defines the distribution of cash flows between the bondholders and the shareholders. As per M&M model the value of levered firm (VL) is equal to the value of unlevered firm (VU). Suppose there are two companies- Company 1 and Company2. It is assumed that the two companies have identical cash flows and belong to same risk profile. The difference between the two companies is with respect to financing. M&M state that the market value of the two companies is same. Suppose the pay-off of Company 1 in good state is 160 and in bad state is 50. This company is financed only by the equity mode of financing. Similarly the payoff of Company 2 is 160 in good state and 50 in bad state. It is financed by the combination of debt and equity. Suppose the total debt of Company 2 is $60 and its market value is $50; the market value of its equity is $50. Then the value of the Company 2 is- Modigliani and Miller have stated that the Ã¢â¬Å"value of leveraged firmÃ¢â¬ is equal to the sum of Ã¢â¬Å"the value of unleveraged firm plus tax advantage of debtÃ¢â¬ . Miller modified the equation obtained under MM Proposition without taxes (Lee, et al., 2009, p.208). Ã
Tuesday, January 28, 2020
President Wilson Urges Support for Ideal of League of Nations Essay After the end of World War One, President Woodrow Wilson sought national support for his idea of a League of Nations. He took his appeal directly to the American people in the summer of nineteen nineteen. The plan for the League of Nations was part of the peace treaty that ended World War One. By law, the United States Senate would have to vote on the treaty. President Wilson believed the Senate would have to approve it if the American people demanded it. So Wilson traveled across America. He stopped in many places to speak about the need for the League of Nations. He said the league was the only hope for world peace. It was the only way to prevent another world war. Wilsons health grew worse during the long journey across the country. He was forced to return to Washington. The Senate was completing debate on the Treaty of Versailles. That was the World War One peace agreement that contained Wilsons plan for the league. It seemed clear the Senate would reject the treaty. Too many Senators feared the United States would lose some of its independence and freedom if it joined the league. Wilson wrote a letter from his sick bed, to the other members of the Democratic Party. He urged them to continue debate on the League of Nations. He said a majority of Americans wanted the treaty approved. The Senate Foreign Relations Committee agreed to re-open discussion on the treaty. It searched yet again for a compromise. Wilson refused. He said the treaty must be approved as written. Wilsons unwillingness to compromise helped kill the treaty once and for all. The Senate finally voted again, and the treaty was defeated by seven votes. The treaty was dead. Yet history would prove him correct, and the Second World War would be far more destructive than the first. The debate over the Treaty of Versailles was the central issue in American politics during the end of Woodrow Wilsons administration. It also played a major part in the presidential election of nineteen twenty.
Monday, January 20, 2020
Deception in Sophocles' Philoctetes and Hesiod's Theogony For many centuries, the art of deception has been a powerful tool for achieving goals, and it has spawned the ancient debate of the ends justifying the means. In the tragedy Philoctetes by Sophocles and in Hesiod's Theogony, there are many instances of deception, particularly on the part of men in the texts. For each of them, the deceit is justified as a means of building and maintaining a reputation or obtaining power. Ultimately, however, the use of deception results in putting the men in positions of further vulnerability. In Philoctetes, the character of Odysseus is portrayed as well accustomed to using deceit for personal gain without much consideration for morality or human compassion. He not only deceives Philoctetes himself, but he has the audacity to con Neoptolemus, the son of Achilles, into doing the same. Odysseus's first deception of Philoctetes happens before his second arrival on Lemnos with Neoptolemus. Odysseus and his crew maroon the injured Philoctetes on the island with no one to help him by sneaking away while he is asleep. Odysseus explains their reasons for abandoning him: We had no peace with him: at the holy festivals, we dared not touch the wine and meat; he screamed and groaned so, and those terrible cries of his brought ill luck on our celebrations (Phil. lines 6-9). No one is able to heal Philoctetes because his disease was inflicted on him by divine power. Nor does he have the self-control to keep quiet, even during religious ceremonies, and his lack of self-discipline reflects poorly on the group as a whole. Philoctetes's unrestrained howling during solemn occasions jeopardizes their dignity and their reputations as serious and powerful men. Odysseus returns to Lemnos only because he realizes that, in order to sack Troy, he must have the bow of Heracles which is in Philoctetes's possession.
Sunday, January 12, 2020
The movie Selena tells how difficult it is for Mexican Americans to live in a country like America. There are great expectations from people who live there especially for artists and other people who wish to conquer the entertainment industry. Mexican Americans in the United States are often ridiculed in their manner of speaking and performances.Many American racists will not hire group of Mexicans as performers. If there is a chance to get them for programs and performances, the audience has dual expectations from these groups.Moreover, they are also subject to discrimination by the Mexican American community when they perform English-American instead Spanish songs. When a flashback of Abaraham, SelenaÃ¢â¬â¢s father, as a member of a family band playing Ã¢â¬Å"Blue Moon,Ã¢â¬ was presented in the film, the way they were rejected by the Mexican American audience shows that the Mexican American community was not ready to accept Mexicans who play English songs. When Abraham discove red SelenaÃ¢â¬â¢s golden voice, he knew that Selena was meant to be on the limelight.With his support, Selena was convinced that she can become successful Ã¢â¬Å"in a field where every other Mexican American woman had failedÃ¢â¬ (Bernardinelli, 1997). When Selena grew older, she wanted to have a musical identity that she can call her own, which was mostly influenced by American pop music. As a Tejano singer, she was singing Spanish songs while she idolizes American pop singers. Because of this, there were times when Selena and Abraham clashed about the direction of the bandÃ¢â¬â¢s music.However, he never failed to respect her and prod her to choose her own path. Thus, Selena is a film that deals with a clash of two different cultures (Bernardinelli, 1997). An example of this in the movie includes the part where Selena was to be interviewed by a TV reporter. Abraham told Selena that her English and Spanish should be perfect. She has to look like she can understand and identify with icons of both cultures. This was a lesson that Selena took to heart.However, in the interview, she made a mistake. After the interview, Abraham expressed his frustration by saying that to be fully accepted in America, Selena must become Ã¢â¬Å"more Mexican than most MexicansÃ¢â¬ and Ã¢â¬Å"more American than most AmericansÃ¢â¬ (Quintanilla & Nava, 1997). She is an American, but she is also a Mexican, and she has to learn to draw from both cultures to form her own style (Berardinelli, 1997). When Selena died, nobody quite knew where to place her culturally (Rodriguez, 1997).But her tremendous popularity on both sides of the border is a symbol of how hyphenated Mexican-Americans have gone from the margins to the mainstream (Rodriguez 1997). Selena's story is one of the Ã¢â¬Å"burden of leading hyphenated lives, and of the need to forge a place for ourselves between the dismissive Anglo-American and Mexican mainstreamsÃ¢â¬ (Rodriguez, 1997). She was indeed a dreamer who preferred to go on discos rather than ranches.When she was already popular among the Mexican Americans, she still dreamed of becoming a Ã¢â¬Å"crossoverÃ¢â¬ star to sing English songs. It is said that in the past, Mexican-American identity and having a Latino culture is a great shame for the immigrantsÃ¢â¬â¢s children and grandchildren. Ã¢â¬Å"Mexicans called their English-speaking, Ã¢â¬ËScooby-DooÃ¢â¬â¢-watching American cousins Ã¢â¬Ëpochos,Ã¢â¬â¢ which meant something like Ã¢â¬Ëwatered-down MexicansÃ¢â¬â¢Ã¢â¬ (Rodriguez 1997). Selena's popularity both in the Mexico and America marks the changes in the new generation whereÃ¢â¬Å"Ã¢â¬â¢pochoÃ¢â¬â¢ no longer connotes a marginal position in a culture that was never fully [Mexcian], but a growing pride in Mexican-American hybrid status, and the ability to sample and absorb the best from both sides of the border. Ã¢â¬ (Rodriguez 1997). Living in America with traces of Mexican-American blood is never easy becau se not only they are discriminated by Americans, they are judged by other Mexicans, especially when they act Ã¢â¬Å"too AmericanÃ¢â¬ However, these things never discouraged the late Selena to reach the top.Reference: Berardinelli, J. (1997). Selena. Reel Reviews. Retrieved February 18, 2008 from: http://www. reelviews. net/movies/s/selena. html Quintanilla, Jr. , A. (Producer), & Nava, G. (Director). (1997). Selena. [Motion picture]. Warner Brothers. Rodriguez, G. (1997). Selena's story Ã¢â¬Å"pochosÃ¢â¬ have come of age. Pacific News. Retrieved February 18, 2008 from: http://www. pacificnews. org/jinn/stories/3. 06/970321-selena. html
Saturday, January 4, 2020
Bulimia Nervosa is a psychological eating disorder, which is considered very dangerous for life. It is described as an abnormal consumption of food in large quantities. After overeating a person has a desire to avoid of gaining weight and can expressly induce vomiting or drink laxatives in order to get rid of the negative consequences of overeating. From psychological point of view Bulimia nervosa is very painful for those who suffer this disease. A bulimic person is well aware that such a constant overeating leads to overweight and health problems and often hides his disorder from others by using such kind of behavior as cleaning stomach and intestines by forcing methods as an attempt to prevent weight gaining and create aÃ¢â¬ ¦show more contentÃ¢â¬ ¦( WebMD 2016 ). Causes. There is no reason that can be considered as a cause of Bulimia Nervosa, but the low self -esteem of a person and concerns about his body image and weight are playing a huge role in encouraging the appear ance of such eating disorder. People who are suffering bulimia in most cases have psychological issues , which are connected with their emotions and they are not able to overwhelm those troubles in a healthy way. Overeating for bulimics is an emotional feature, thus they facilitate their depression, anger, stress, and anxiety. There are four basic risk factors of Bulimia Nervosa: Poor body image. It is basically paired with strict dieting. Low self-esteem. Things which promote low self-esteem are depression, perfectionism and critical home environment. Stressful life changes. These are losing of close friend, breakup, issues through puberty or hard adaptation to a new environment. History of trauma or abuse: These can be sexual abuse, childhood neglect, issues with family members or ignorance of loved ones. (WebMD2016). Symptoms. These are common symptoms that a person have bulimia nervosa: Ã¢â¬ ¢ Avoiding eat around other people. Tring to keep in secret the illness. Ã¢â¬ ¢ Hiding food at home. Large amounts of food are often missed. Ã¢â¬ ¢ Usually can occur weight changes. The bulimic may gain or lose weight in shortShow MoreRelatedHow Eating Disorders Affect Health772 Words Ã |Ã 3 PagesEating Disorders are conditions in which involves irregular eating habits, either insufficient or excessive food, that affects inimical the bodyÃ¢â¬â¢s image and mental health (Wikipedia). It affects men and women of all ages, but it has a greater impact among adolescences and young adults. In the United States, 24 million Americans are battling eating disorders, in which 1 million are males and 23 million are females. An individual who portraits this condition may have an irrational self-image thoughtRead MoreBulimia Nervos A Psychological Disease1186 Words Ã |Ã 5 PagesBulimia Nervosa Introduction Bulimia nervosa is one kind of most observe digestion disease in which generally person eat large amount of food within short period of time. After taking food ,after person feel eiltty ownself so person try remove the excess food from body or sometime person do the long fasting and excessive amount of exercise (book). However, many author describe bulimia nervosa as a psychological disease (Rushing, Jones, Carney,2003). This disorder moreRead MoreAnorexia Nervosa And Its Causes1418 Words Ã |Ã 6 PagesRunning Head: Eating Disorder Bulimia Nervosa and Its Causes Glemerlin Garcia Mercy College Bulimia nervosa is an eating disorder characterized by weight loss behaviors driven by self-evaluations that are dependent on body weight and shape concerns (Dryer, Tyson, Kiernan, 2013). There is a false myth that this disorder is a life choice but it is a serious illness that could cause damage to a personÃ¢â¬â¢s eating habits. This disorder became noticeable a few years ago with allRead MoreEssay Bulimia Nervosa1311 Words Ã |Ã 6 PagesBULIMIA NERVOSA 307.51 (F50.2) Introduction Individuals diagnosed with bulimia nervosa undertake frequent binge eating, followed by expelling the food, typically by inducing vomiting, but also through exercising and the use of laxative agents, diuretics, and enemas (American Psychiatric Association, 2013). The binge eating occurrences are often prompted by a negative perception of oneÃ¢â¬â¢s body image, temporarily alleviated by the binge eating episode. Since the individual with bulimia nervosa is overanxiousRead MoreComparing the Similarities and Differences Between Anorexia and Bulimia1016 Words Ã |Ã 5 PagesAnorexia nervosa and Bulimia nervosa are described as psychological eating disorders (Keel and Levitt, 1). They are both characterized by an over evaluation of weight. Despite being primarily eating disorders, the manifestations of bulimia and anorexia are different. They both present a very conspicuous example of dangerous psychological disorders, as according to the South Carolina Department of Health, Ã¢â¬Å"E ating disorders have the highest mortality rate of any mental illnessÃ¢â¬ (Eating Order StatisticsRead MoreThe Three Main Types Of Eating Disorders1305 Words Ã |Ã 6 PagesEating Disorders The three main types of eating disorders: anorexia nervosa, bulimia nervosa, and binge eating, are complex pschyatriac disorders. The classification and diagnosis of each disorder is challenging because diagnostic symptoms and behaviours overlap. These disorders consist of various biological, psychological and sociological factors. They frequently coexist with other illnesses such as depression, substance abuse, or anxiety disorders. (ANAD) Eating disorders are commonly associatedRead MoreEating Disorders : Bulimia Nervosa1383 Words Ã |Ã 6 PagesBulimia Nervosa Ã¢â¬Å"Up to 30 million people of all ages and genders suffer from an eating disorderÃ¢â¬ (Wade, Keski- Rahkonen, Hudson, 1995). There are many factors which contribute to the development of eating disorders including Ã¢â¬Å"biology, emotional health, and societal expectation, and other issuesÃ¢â¬ (Ã¢â¬Å"Diseases and Conditions Bulimia nervosaÃ¢â¬ ). One of the most prominent eating disorders in America and around the globe has been around since the Middle Ages: Ã¢â¬Å"Bulimia is first reliably described amongRead MoreTaking a Look at Eating Disorders1708 Words Ã |Ã 7 Pages EATING DISORDERS Introduction: Eating disorders are conditions characterized by abnormal eating habits that include excessive or insufficient food eating habits that hampers a personÃ¢â¬â¢s mental as well as physical health. Anorexia nervosa and bulimia nervosa are the most common types. Others are binge eating disorder and eating disorder not otherwise specified. Classification: Ã¢â¬ ¢ Anorexia nervosa (AN), Ã¢â¬ ¢ Bulimia nervosa (BN), Ã¢â¬ ¢ Eating disorders not otherwise specified Ã¢â¬ ¢ Binge eating disorderRead MoreEating Disorders Essay1588 Words Ã |Ã 7 Pagesmentally essential in daily lives. While people have knowledge of severe underdeveloped nutrition in other parts of the world, they fail to realize the malnutrition that may be affecting their own bodies. Every human needs a proper diet with nutrients which provide the individual with energy, structure, and regulation to maintain the body (Smolin and Grosvenor 21-22). In order to lead a healthy lifestyle, a person must also have a healthy body image. However, healthy body images have been rapidly decreasingRead MoreEating Disorders And Eating Disorder1410 Words Ã |Ã 6 PagesÃ¢â¬Å"An eating disorder is about anxiety and control and healing from trauma and food and weight are just the tools of destructionÃ¢â¬ (Floyd, Mimms, Yelding, 2008). An eating disorder is defined as a severe disturbance in eating behavior. An eating disorder, as defined by our text book for class, is psychological di sturbances that lead to certain physiological changes and serious health complications. The three most common and most easily identifiable forms of eating disorders include anorexia nervosa
Friday, December 27, 2019
Sample details Pages: 1 Words: 213 Downloads: 4 Date added: 2018/12/18 Category Society Essay Type Report Level High school Tags: Children Essay Student Essay Did you like this example? Child day care is an essential resource for parenting students. Quality and reliable daycare services allows students to further with their college education and graduate successfully. Excelling in education enables the students to acquire a quality economic life in which they can provide for their children, community, families and contribute to the development of the nations economy. The anticipated child daycare center will be constructed at Baker College of Allen Park, building B room 107. The daycare will provide care for students toddlers and children that attend Bakers College. The establishment, construction, and operation of the daycare will require much capital and thus eligible for substantial funding. Therefore, various funding sources can help maneuver the challenge. Federal financing sources Child Care and Development Funds that constitute the primary national program that deals with children care services and quality. Child and Adult Care Food Programs that is managed by United States Department of agriculture. USDA Special Milk Program- it will cater for toddlers milk costs Temporary Assistance for Needy Families. Individuals with Disability Education Act Grants Perkins Grants finances academic support operations State financing sources Michigans Targeted State Higher Education Funding for Campus Prekindergarten funding State Child Care Funding Child and Dependent Care Tax Credits Other financial sources Baker College financial support Donations from charities DonÃ¢â¬â¢t waste time! Our writers will create an original "Child Day Care" essay for you Create order
Thursday, December 19, 2019
Globalization of Dreams The focus of this study is to continue previous research relating the significance of cultures and dreams. These studies have set out to show what how much of an effect culture has on dreams. To measure this, other researchers have recorded participantsÃ¢â¬â¢ typical dreams. These studies have helped us to understand some of the differences in beliefs, values, and structure of other cultures as well as the differences and similarities. Through analyzing the differences and similarities of our various cultures we learn what humans share in values as a whole and how our society influences our thinking and actions. By interviewing two people from two different collectivistic cultures, there should be a great deal of similarities between the two. Any differences recorded found will be derived from individual perspectives rather than culture. The goal of the research is to show culture doesnÃ¢â¬â¢t heavily influence our dreams but rather individual perceptions of the world around the m do. There isnÃ¢â¬â¢t a significant difference in typical dreams between cultures, rather researchers tend to agree that culture doesnÃ¢â¬â¢t have much of an effect on dreams and it has more to do with our individual perception of our day (Jaenicke 2009). In Griffith, Miyago, and TagoÃ¢â¬â¢s (1958) study of The Universality of Typical Dreams: Japanese vs. Americans, statistics showed Ã¢â¬Å"out of the 34 typical dreams compared between the two, 14 held a significant difference of a .01 confidenceShow MoreRelatedUnited States Immigrations Impact on the Economy Essay605 Words Ã |Ã 3 Pagesthe way globalization has improved and affect our economy. This country was first establish by all the immigrates who came here in hopes of better futures but many have forgotten their roots and how they became a member of this nation. Globalization, which is defined by the Merriam-Webster dictionary as the development of an increasingly global and economy marked by the free trade. The two terms have a lot in common since one affects the other and vice-versa. Immigration and Globalization have significantlyRead MoreEssay about Street Dreams and Hip Hop Barber Shops Critique1169 Words Ã |Ã 5 Pagesethnographic research on popular culture, hangin g out in barbershops and bus stands, seamstress tables and video halls, was carried out in the northern Tanzanian city of Arusha. In Ã¢â¬Å"Street Dreams and Hip Hop Barber ShopsÃ¢â¬ Weiss does a great job observing the everyday life of the people in Arusha. He explores how globalization and neoliberalism affect the mindset of a community and shows the reader how gender role, media, and self-fashioning can play a big role in a person life. WeissÃ¢â¬â¢s fieldwork and observationRead MoreGlobalization: America Must Adapt Or Die Essay1440 Words Ã |Ã 6 Pagescountries, mind-boggling innovations, and the reinforcement of communication infrastructures. After reading The World is Flat, by Thomas Friedman, I feel that we are extremely lucky to have the chance to be a part of this unique era in human history. Globalization is a main cause for the convergence that is bringing the nations of the world together more and more every year. In a very short period of time, borders, walls, and tariffs have been, and continue to, fall all around us. This is a special timeRead MoreGlobalization And Corporate Expansion Of American Companies915 Words Ã |Ã 4 PagesThe globalization and corporate expansion of American companies has promoted inequality in the United States and the world, largely through means defined to be inhumane. Corporate America has embraced a Ã¢â¬Ëhands-freeÃ¢â¬â¢ method of globalization. By both outsourcing labor and targeting more consumer groups, especially those yearning for the American Dream, corporate America has successfully increased profits. Almost everyone on earth is feeling the negative effects of corporate AmericaÃ¢â¬â¢s actions. By outsourcingRead MoreDavid Kortens The Physics Of Business Administration1385 Words Ã |Ã 6 PagesKorten published When Corporations Rule the World in 1995. When Corporations Rule the World gave readers his perspective of anti-globalization, which was a passion for David Korten. His primary idea was that business enterprises were manipulating the conclusion of the world s economic and social involvement from this process of globalization. His sentiment about globalization directs politics, society, and environment in a negative direction for the human involvement. Korten states that multinationalRead MoreGlobalization Advantages and Disadvantages695 Words Ã |Ã 3 PagesWhat Is Globalization? Globalization means increasing the interdependence, connectivity and integration on a global level with respect to the social, cultural, political, technological, economic and ecological levels. Globalization is a process of interaction and integration among the people, companies, and governments of different nations, a process driven by international trade and investment and aided by information technology. This process has effects on the environment, on culture, on politicalRead MoreGlobalization : Positive And Negative Impact On The World909 Words Ã |Ã 4 Pagesbelieve globalization is somewhere in between of having a positive or negative impact on the world. Just like the old saying Ã¢â¬Å"too much of a good thing can be bad for youÃ¢â¬ the key to everything in life is balance and excess might harm you. Furthermore, both sides of globalization have compelling arguments on the positive and negative effects of globalization, furthermore different countries and cultures would have different opinions in regards to how they have been affected by globalization. In thisRead MoreNegative Effects of Globalization677 Words Ã |Ã 3 Pages Globalization refers to the absence of barriers that every country had. Yes, it has helped to demolish the walls that separated us .Globalization, which is the process of growing interdependence among every country in this planet, can be seen as a sign of hopeful and better future by some, but for others it represents a huge disaster for the whole world. ThatÃ¢â¬â¢s why we are going to see the negative effect that globalization has on culture then focus on the ethical disadvantage it broughtRead MoreDomestic And Foreign Economic Policy1646 Words Ã |Ã 7 PagesResearch Question: The way states interact with each other effects not only their domestic economy but the global economy. What is the best method for states to approach the global market; should states accept the capitalist free market or utilize different models that are out there? Purpose Statement: The way that states approach the global market is very different from each other. Most of the biggest and successful economies in the world utilize similar economic models when addressing theRead MoreAnalysis of Capital, inequality and injustice in Latin America, by Richard L. Harris817 Words Ã |Ã 4 Pagesworld are blamed on one word, globalization, but it takes several words to fix the ongoing problem of globalization and its affects. The capital and injustice in Latin America has shown to be one of the reasons for such concern of the extent globalization has taken with the lack of correspondence of human rights. Urbanization has expanded to this extent at the exploitation of the indigenous peoples human rights. The affect of modernizing countries (globalization) is thought to be a main contributor