Study Problem free essay sample

Problem # 1 page 397 Firm A has $10,000 in assets entirely financed with equity. Firm B also has $10,000 in assets, but these assets are financed by $5,000 in debt (with a 10 percent rate of interest) and $5,000 in equity. Both firms sell 10,000 units of output at $2. 50 per unit. The variable costs of production are $1, and fixed production costs are $12,000. (To ease the calculation, assume no income tax. ) Firm A Assets 10,000 Firm B Assets 10,000 5,000 in debt at 10% $5,000 in equity Both Firm A and Firm B- sell 10,000 units @ 2. 50 Variable cost- $1 Fixed Cost- $12,000 a. What is the operating income (EBIT) for both firms? Firm A EBIT = Revenue Operating Expenses = $2. 50*10,000 $1*10000 $12,000 = $3,000 Firm B EBIT = Revenue Operating Expenses = $2. 50*10,000 $1*10000 $12,000 = $3,000 b. What are the earnings after interest? The earnings after Interest are: Firm A $3,000-$0=$3,000 Firm B $3,000-10%*$5,000=$3,000-$500=$2,500 c. If sales increase by 10 percent to 11,000 units, by what percentage will each firm’s earnings after interest increase? To answer the question, determine the earnings after taxes and compute the percentage increase in these earnings from the answers you derived in part b. We will write a custom essay sample on Study Problem or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page New Sales = 11000 Firm A EBIT = Revenue Operating Expenses = $2. 50*11,000 $1*11000 $12,000 = $4,500 Earnings After Interest = $4,500 Percentage Increase = ($4,500 $3,000)/$3,000 = 50% Firm B EBIT = Revenue. Operating Expenses = $2. 0*11,000 $1*11000 $12,000 = $4,500 Earning After Interest = $4,500 $500 = $4,000 Percentage Increase = ($4,000 $2,500)/$2,500 = 60% d. Why are the percentage changes different? The percentage changes are different because Firm A is getting an increase of $1,500 in revenues over the earlier value $3,000 Firm B is getting an increase of $1,500 in revenues over the earlier value $2,500 This is the same increase, but original values are different, so the one with less will show a higher percentage change.

role of witches in macbeth essays

role of witches in macbeth essays Origins, Interpretation, and Roles of the Weird Sisters in Macbeth Often the role of the Weird Sisters in Shakespeare's Macbeth is overlooked by Shakespearean scholars. Macbeth is obviously a violent play about the downfall of man. However, its connections to the world of the supernatural are often disregarded. It is the only Shakespearean drama, in which witchcraft, black magic, and the supernatural do not merely play an important part, but provide the vital pivot on which the entire play depends. Furthermore, the complicity of the Weird Sisters is intriguing as many diverse interpretations exist concerning the origins and the role of these essential characters in Macbeth. The belief in the existence and power of witches was widely accepted in Shakespeare's day, as demonstrated by the European witch craze during which an estimated nine million women were put to death for being perceived to be witches (Ellwood NP). The credence in such an illogical belief was due to society's inability to explain tragedies (i.e. illness, death, natural disasters) because of a lack of technology and knowledge that existed. It was much easier and comforting for people to blame something on a person who seemed a little out of the ordinary than to try to understand a deep scientific explanation. The practice of witchcraft was seen to subvert the established order of religion and society and hence was not tolerated. Witch hunting was considered to be a respectable, moral, and highly intellectual pursuit through much of the fifteenth, sixteenth, and seventeenth centuries (Riedel NP). The conception of witchcraft can be divided into two discourses - "elite" and "popular" traditions. The elite tradition (also known as a "scholarly-clerical" tradition) was based upon both Church teachings and the speculations of scholarly men and was dispersed in written form. Witches were seen as a threat to the authority of both King and God. Elitists either expla...

FACTORS OF JOB SATISFACTION Essay Example | Topics and Well Written Essays - 2750 words

FACTORS OF JOB SATISFACTION - Essay Example There are other employees who are said to be designed for the corporate sector who would like to face challenges at work and feel satisfied after meeting their targets. The case study has ample examples of the latter employees who work and travel so much that they hardly get time to breathe, figuratively speaking. Job Design and Job Satisfaction The examples of John Irene David and Tony reflect on how satisfied with their jobs. It can be seen that they have different motivating factors. You many find many people complaining about excessive travelling, sleepless nights and extra working hours. But Irene, John, David and Tony seem to have adjusted well with their jobs although it seems that the jobs they are doing are pretty hectic and stressful. It is their agreeableness to work under such conditions and adaptability that may be said to lead to their job satisfaction. Job satisfaction can be defined as the level of gratification an employee feels towards the respective job. It can be subject to a person's capability to undertake the required tasks, the quality of communication within a firm and the management’s approach towards the employees. Job satisfaction is often difficult to quantify and varies from person to person. The firms interested in finding out the level of job satisfaction of their workers, frequently conduct surveys and assessments to verify the kind of strategies which need to be implemented in order to enhance job satisfaction. The analysis of the connection between job satisfaction and job performance has an argumentative history. The Hawthorne studies, which were carried out in the 1930s, are repeatedly attributed to making the researchers responsive of the consequences of worker’s attitudes on performance. Following the Hawthorne findings, analysts started pondering over the idea critically which explained that a happy worker leads to a better productivity. The major part of the former reviews of the abstracts recommended an un substantial and rather contradictory link between job satisfactions The job characteristics model consists of skill variety, task identity, task significance, autonomy and feedback (Slideshare.net. 2013). Irene from the example is from the bond- trading has substantial effects on the profits of many investors. Autonomy is the independence the employee has to design he work for his/her own comfort. Feedback is the degree to which the job needs feedback for the activities undertaken to ensure that the work done is effective and is being done in the right way. Irene would need to check results if she needs to see if what she is doing is in the best interest of investors. Skill variety is the level to which the job needs the performance of various activities for example the different tasks the investment banker needs to do. Task identity is the extent to which a job requires to be completed on time. Task significance is the importance of the job to the lives of other people. Job design defines the details of a job and designates the tasks and responsibilities of the post, the process of doing the job and the interaction between the seniors and the subordinates. Job design is an integral factor of the recruitment process and staff morale. Provided that the jobs are designed appropriately, resourceful managers will be attracted towards the organisation. The employees would be highly motivated to enhance the efficiency and productivity of the organisation. On the other hand, if the jobs are poorly designed, it would end in absenteeism, high staff turnover, differences, and other work related issues. The examples above have one factor in common, they are all of highly successful employees and their

Gender and Sexual Orientation Personal Statement

Gender and Sexual Orientation - Personal Statement Example Question 1: Sexism Sells In the video developed by the Women’s Media Center, the current treatment of women by the media in broadcasts and other shows was highlighted. The greatest point raised by the video was that sexism has become the new trend in the broadcast media. This popularity of sexism stems from the idea that â€Å"sexism sells†. However, the creators of the video disagreed that sexism sells, and that discrimination of females is still very pervasive in today’s society. More specifically, the WMC stated that â€Å"they were not buying [sexism]†. As for me, I agree with the video. When I first watched some of the clips in the television, some of them appeared hilarious. Indeed, at first, I did not realize that they were sexist. However, after viewing the video, I realized that some of the comments indeed, were rather discriminatory, especially when the broadcasters labeled Hillary Clinton within the stereotype of a nagging wife. I am not essentially a feminist but I str ongly believe that some of the comments by the broadcasters were stupid and unfair. In fact, they displayed some sort of microaggression wherein it was as if they were projecting their negativities about women towards a single person who, at that time, happened to be Hillary Clinton. As portrayed in the video, I totally agree that sexism has now evolved to take a more insidious and subtle form. Perhaps the sadder part is that some of the discrimination are unintentional, and some are even unaware that they are not doing any form of sexism. Question 2: Kimmel: â€Å"Bros before Hos† The quote to be analyzed in this section is the one in Page 55: â€Å"There is only one complete unblushing male in America: a young, married, white, urban, northern, heterosexual†¦ Any male who fails to qualify may view himself as unworthy, incomplete, and inferior†. This quote can be found in the section involving the psychological development of boys, or where the Guy Code Begins. Th is quote struck me the most among all the other parts of the readings in â€Å"bros before Hos† because of the implications and effects of such an event in a male’s life. Such a system that works even in the earliest days of the boy’s development is something that reflects the sad state of today’s society. The readings in this section also made me ponder about the upbringings of a male relative. I have a distant male cousin who lived in a farm with his family. Their family rarely goes out of the countryside and when we came to visit, my cousin would often be forbidden from playing with us, because he had to learn to be a man and the process of doing so does not allow for playing. In addition, during a time when my cousin fell and broke an arm, he was not allowed to cry or else he would be called a sissy. From these, I realized that somehow, there is a burden among males to conform to the society’s definition of what a male is. Still, the fact that males have to be â€Å"boxed-in† into a certain criteria before they can even begin to feel â€Å"macho† is rather absurd. Thus, I believe that in this sense, females are a little bit luckier. Indeed, although females have their own stereotypes that they have to fall into, they are freer in discovering their identities because societal norms allow then to reveal much more emotions than those permitted for males. Females are also now given more flexibility in the choice of the roles they want to play in the society, wherein they can now function in roles that were previously exclusively dominated by males. It is also sad to realize that as developments can be observed in the world’ perception of females, the males’ perception of themselves remained the same. Therefore, improvement is need so that males may be able as well to create more flexible definitions of flexibility. Question 3: Video Analysis (Impressions) The video on 30 Days â€Å"A Straight Man in a Gay World† is an interesting film. I have known long before that the arguments

Two-Factor Theory of Emotion Essay Example for Free

Two-Factor Theory of Emotion Essay One day my sister was running for her class she was late for and had a quiz in. She bumped into one of her colleagues. Her heart started pumping very fast, her body trembling and she was stuttering while talking to him.She thought she felt that way because she liked him as no one has ever made her adrenaline rush to that extent. This behavior is related to the two-factor theory of emotion, which is the idea that a person first experiences physiological arousal and then seeks an appropriate explanation for it, this two-step self-perception process results in an emotional experience. Sometimes, the most reasonable explanation is not the right one, and people end up making mistaken conclusions about what caused them to feel the way they did and this is called misattribution of arousal. Schachter’s theory states that because our physical states are difficult to label on their own,we use information in the situation to help us make an attribution about why we feel aroused. My sister thought that she had a big crush on the guy as an explanation for the physiological arousal she experienced. According to the theory, her interpretation to the emotional experience she went through was wrong; she was actually running to a class she’s late for and afraid of missing the quiz. She was already nervous due to these reasons and therefore she experienced this physiological arousal. However, when she felt that way, she mistakenly related it to the guy she met, which is considered a misattribution of arousal situation. Maybe if she met him in a normal situation, she can judge clearly whether her conclusion was right or not.

AA Meeting :: essays research papers

Open AA meeting Since this was my second AA meeting, I was still open but didn’t know what to expect. The last meeting was at a church is an African American neighborhood. To get a different experience I wanted to change the nationality. So even though I was a little nervous I decided to attend a meeting in Ridgewood, Queens. It was still at a church however the population consisted of Caucasian. When I came into the room, everyone looked at me, however this was expected because I was the only African American in the room. The meeting started with a prayer and then everyone introduced themselves to each other. The issue that most concerned me was that half of the people in the room was younger than 25 years of age. That let me know right there that this was a global issue and not a issue concerning one race. As one of the young men began to share his story, I almost began to cry. He grew up in a household in which his father was an alcoholic and also was very abusive towards his mother. He sh ared with us that after his father used to beat his mother, he and his dad use to drink together. Therefore he drank with his father 3 times out of a week. As sad as it may sound he looked forward to his father beating his mother because he liked to drink. So that is how he began with his father and that was at the age of 12. He was now 24 and a alcoholic and he began to see the traits of his father in him. Therefore he needed to get help and that was the reason why he came to AA. Another person that touched me was a young girl who was 18 who wanted to be in the crowd. She began to drink because all of her friends drank however she was not able to control her and her drinking. She stated to us that on numerous occasions from being drunk that she was raped. It was sad because a lot of people want to be in the crowd and that is how they get hooked.

Montana 1948 Essay

The story of Montana 1948 tells of a certain struggle which the Hayden family experiences. Larry Watson uses different techniques and language to convey ideas about how powerful the Hayden family is, especially the grandfather Julian and how he alone can do pretty much as he pleases. The story is told from the perspective of a twelve year old boy David. However, it is written many years later which gives the reader a bigger insight into David’s view of what went on. Many themes are raised throughout the novel and many techniques are used to convey different ideas about certain events which are portrayed in the text, one of these being racism. Racism is one of the main themes which is portrayed in the text and is the very reason behind all that happens to the Hayden family throughout the whole ordeal. There are also many different ways in which racism is portrayed throughout the text, some of the characters are for it while others are against it. Watson uses characterisation to convey different ideas throughout the text about racism. He shows how the characters feel about racism, an example is when Julian and Wes are talking about Frank’s treatment of the Indian women, it is when Wes finds out that Julian has known all along about what Frank does to his patients. Julian says ‘You know Frank’s always been partial to red meat. ’ This is a realisation for both the reader and Wes because they find out that Julian shares exactly the same view of the Indian people as his son, thinking of them as animals. Racism is also portrayed in other ways throughout the text. Wes never directly says that he hates the Indian people, but he often hints at the fact that he doesn’t fully approve of them. ‘Nevertheless, he believed Indians, with only a few exceptions, were ignorant, lazy, superstitious and irresponsible. Although these words are not as direct or harsh and Wes doesn’t treat them nearly as bad as Julian and Frank, it is still an indication that Wes is partially racist towards the Indians. Another idea which Watson uses throughout the text to convey the idea of Racism is how Marie Little Soldier acts when Frank goes to the Hayden’s house to treat her when she is sick. She becomes terrified and demands that someone be in the room with her when Frank is there. This behaviour represents how all of the Indian women would have felt either before or after Frank visited them. It is Marie’s fear alone that informs the reader of how little respect Frank has for the Indians and gives a clear picture of how racist he is towards them. Furthermore, Watson uses other characters to give evidence of racism throughout the story. Julian and Frank both think very lowly of the Indians and these characteristics lead them to making actions and decisions which are racist. This is most evident with Frank because the actions he takes are the worst, he is the one commits the raping of the women when he supposed to be treating them as a professional. This racism is not displayed just by Frank however, it is the people around him who provide further evidence that there is racism in the story. Julian and Wes are good examples as they do not use the power which they hold to help resolve the situation or seek Justice. Julian has known about the crimes which Frank commits on his patients and does nothing about it because he thinks of the Indians in the same way, he believes that it is okay to treat them in that way just as Frank does. ‘What the hell am I supposed to think? Screwing an Indian. Or feeling her up or whatever. You don’t lock up a man for that’. Wes also shows support for the racism because of how he deals with Frank and his crimes. Even though he is the Sherriff and it is his job to put Frank behind bars, he refuses to and instead locks him in the basement of his own house, ‘He’ll have to meet his punishment in the hereafter’. Watson also uses characters in the text who are against racism and do not engage in it. David and Gail are the two characters who represent this. They are both strongly against racism and discrimination, this is evident throughout the story and is often the result of conflictions and arguments between the fellow family members. David and Gail have this view because they are the most distant from Julian. Gail was married into the family and therefore had her own views about racism before she was subjected to Julian’s beliefs and David has grown up in a house where his Mum does not believe in racism and his Dad works for the law and therefore knows what is right and wrong. It is because of this that Wes is always stuck in the middle, because he is constantly listening to both sides of the argument and this is why he is forced to arrest Frank but never puts him in jail, because he never fully decides in what he believes in. From reading this text the reader gains a detailed insight to the life of the Hayden family and the tough time which they go through. The reader is informed of what it was like living in Montana in 1948. From what the landscape looked like, to the social issues which took place such as racism and discrimination against certain groups of people. Watson uses the characters to convey the idea of racism between the white and Indian people. It is these characters techniques which gives the reader a perspective of what it was like through the eyes of a twelve year old boy.