CIS 273 7,8,9 questions Assignment Example | Topics and Well Written Essays - 500 words - 1

CIS 273 7,8,9 questions - Assignment Example I choose it because of its ability to display multiple media sources of elements such as and . Events, properties and methods for the element are a definition of the document object model (DOM) by HTML5. C) For the case of the muted audio file, predictable problem would be a missing plugin solved through manual installation or the code on the web page works only with a specific browser such as Internet Explorer. B) Taking a travel site as an example, the element in HTML5 comes with several attributes. The control attribute adds controls like volume, pause, and play the audio files will be of significance when it comes to passing information and communication to tourists. The src attribute is a specification of the audio file’s URL. The autoplay attribute is a specification of playing the audio file automatically as soon as it is ready; after loading. The src attribute ensures the audio file is readily accessible, and the autoplay attribute saves time to play an audio file manually. A) The IE settings for shadow filter are not a match to other proprietary properties, and this is why even after the addition of the filter failure is an outcome. A solution to this is will be fiddling with the filter value settings until you find a matching solution. B) There is more freedom on mobile browsers than desktop browsers, and when it comes to mobile websites, an advantage is from the HTML5 and CSS3 support. The WebKit engine gives support to the latter hence the graphical elements still remain intact and in place; no elimination. A) The travel website in reference makes use of external script files by the use of the element and the use of conditional comments inside the document to validate usage for Internet Explorer 9. The head section contains the title that loads a display on the browser for the user with links to external script files. A) Attribute minimization applies to using an

Understand how to set up a home based childcare service Essay Example for Free

Understand how to set up a home based childcare service Essay This was the name of the green paper produced in response to the laming inquiry into the death of Victoria Climbie in 2000. It went on to form the basis of the 2004 children’s act. The paper lists five outcomes which were identified in consultation with children and young people; Being healthy; enjoying good physical and mental health and living a healthy lifestyle staying safe; being protected from harm and neglect. Enjoying and achieving ; getting the most out of life and developing the skills for adulthood making a positive contribution; being involved with the community and society and not engaging in anti-social or offending behaviour economic well- being; not being prevented by economic disadvantage from achieving their full potential in life. Children’s act 2004 This act sets out the processes for integrating services to children in England and wales, requiring local authorities and their partners to co-operate in promoting the welfare and wellbeing of children.it created the post of children’s commissioner for England and introduced the requirement for local authorities to have a director of children’s services. Children’s act 1989 First acknowledgement in UK law of children’s rights, none as ‘the needs of the child are paramount`. Education act 1993   Secretary of state are required to publish a code of practise for children with special educational needs parents of children under 2 years have the right to ask for the child to be formally assessed. Data protection act 1998 It protects sensitive personal information being published without a person’s consent. where children are involved consent has to be given by a parent or guardian. Food safety (general food hygiene) regulations 1995 Local authorities require registered child-minder’s are to register with their local environmental health department and obtain the following  document. ‘safer food, better business for childminders` Special educational needs and disability act 2001 This act protects persons from discrimination on the grounds of a disability, and it requires that reasonable adjustments must be made to services, provisions and/or premises so that disabled persons do not suffer significant disadvantages compared to non-disabled persons. Children are covered by this legislation as they are persons in the eyes of the law. Role of regulatory bodies Regulatory bodies in the UK are Ofsted (England) The fundamental role of these regulatory bodies is to ensure that all children receive the best possible care in all settings a child attends away from their home. The systems they have in place will also reassure parents, guardians and carers who have to be able to entrust their child to an organisation or individual to look after. They will make sure you meet the welfare requirement’s and learning and development requirement’s as set out in the early years statutory framework for the early years foundation stage, Are a suitable person to provide care for children and can promote an environment where children are well cared for, are safe and their learning and development is catered for. The regulatory bodies have processes and systems to control home based childcare in the following ways. Registration – This covers checks on you, other adults who live with you and the premises where you plan to carry out your business. Inspection This is when inspectors carry out checks on the service you offer and on you once you are registered they produce a report which is then available on the websites of the regulatory bodies and must be offered to parents. Investigation – Following a complaint or concern, an inspector may carry out an investigation into your childcare service to make sure that you are meeting and complying with the welfare requirements. This is in addition to an inspection. Enforcement – If you do not meet the welfare requirements  or standards of your country, the regulatory body can take action against you.in England there are five general welfare requirements. Safeguarding and promoting children’s welfare Suitable people Suitable premises, environment and equipment Organisation Documentation. 1.2 Develop policies and procedures for; * Accidents, illness and emergencies The safety of your child is paramount and I will take every measure I can to protect your child from hurting themselves. However, sometimes accidents do happen. I have written the following procedure on how I will deal with such a situation: *I will comfort the child and reassure them. *I will assess the extent of their injuries and if necessary call for medical support/ambulance. *I will give any first aid procedures that are necessary. I have been trained to carry out to these procedures and have required certificate. *Once the child is more settled I will contact you as soon as possible to inform you of the accident, and if necessary I will ask you to return to care for your child / meet me at the hospital. After every accident, however minor I will: *Complete a report in my accident book. *Ask you to sign the report. If the incident requires any medical treatment then I will: *Inform Ofsted *Inform my Insurance Company. *Contact the NCMA for additional advice/support. It is important that you keep me informed regarding your child’s condition following an accident and if you have sought medical advice. Back up registered childminder:_____________________________ Known responsible adult:________________________ *Behaviour Biting can be an uncomfortable subject for parents of both the biter and the child who is bitten. I hope that this policy will explain how I deal with biting in my home. Please do discuss any concerns you may have regarding this issue with me. If your child is known to bite I would prefer to know in advance. Children bite for a variety of reasons. This may be because they are teething, frustrated, exploring using their mouth, asserting their independence and wanting to gain control, maybe of a toy or they could be stressed. It may also be because they want to gain attention. I will work with you and your child to establish when and why they are biting. I will observe the child closely to see if certain conditions or situations trigger the behavior and then work with them to try and avoid the incidents occurring. This may involve altering the child’s routine, giving them more one to one attention, purchasing additional resources so sharing is not such a major issue or if it is because a child is teething provide suitable teething resources. I will ensure that if a child is bitten that they are comforted and given lots of attention. I will ensure that any first aid is applied correctly if required and the incident will be recorded in my book and parents asked to sign it. If your child bites then I will remove them from the situation. I will explain to them, according to their age and understanding that biting is unacceptable behavior. For younger child this may be by my tone of voice and facial expressions rather than lots of words. It may be necessary for me to exclude the child from an activity and use ‘time out’ until they are calm enough to return. I will also encourage the child to apologize to the child they have bitten and work with them to develop strategies to help them deal with the reasons. Many children go through a stage of biting, please don’t be alarmed it doesn’t last forever! Please sign and date to say you have read and understand Managing Behavior Policy Promoting positive behavior is very important and I do this by: *Giving lots of praise for good behavior *Giving the children individual attention so they feel valued *Setting a good example, being a good role model *Listening to what the children have to say *Rewarding good behavior (choosing next activity etc) *Giving children stickers for good behavior, sharing etc. I help the children understand my house rules, which are realistic and I am consistent in the enforcing of them. I do not give out confusing signals, Saying No means No! I am aware of the different reasons why children misbehave and will endeavour to keep to routines so that your child feels safe and is not over tired or hungry. However all children will misbehave at sometime. I have developed several different strategies on how to deal with a child misbehaving and use different ones depending on the age/stage of ability of the child and the situation: *Distraction. Remove the child from the situation and give them an alternative activity. *Ignore. Depending on the situation I may ignore the bad behavior as I feel it is being done to get a reaction. *Discuss with Child. If the child is able to understand I will discuss their behavior and try and get them to appreciate the consequences of their actions on others. I inform them that it is their behavior I do not like, not them. *Time Out. Removing the child from the activity and sitting them quietly for a few minutes. I will never smack, shake or hurt your child. I will not humiliate your child. If a child misbehaves I will let you know by either writing it in their contact book or by ringing you later after collection. Some children can become upset if the incident is retold in front of them. I will also inform you of how the matter was dealt with. If you have any concerns regarding the managing of your child’s behavior, please do not hesitate to contact me. It is important that we work together on managing behavior in order not to confuse your child. Please sign and date to say you have read and understand *safeguarding My responsibility as a childminder is to ensure the safety and welfare of children in my care. I have received training on safeguarding children issues and am aware of the signs and symptoms of abuse, physical, emotional and sexual, and those of neglect. If I have any reason to suspect a problem I will seek advice from the Child Protection Team and / or discuss with the parent. If I have reason to believe that any child in my care is being  abused in any way I will follow the local safeguarding children board procedures and report the matter to the Social Services. Under these circumstances I will not be able to keep information relating to your child confidential, but will need to share it with Ofsted, Social Services and the Police if requested. Please sign and date to say you have read and understand Equal opportunities I give all children in my care the opportunity to reach their full potential. Sometimes this means adapting an activity to the child’s ability and stage of development, providing additional resources or giving one child more attention and support than others during a particular activity or routine. All children in my care are given the opportunity to play with all the toys (subject to health and safety with children under 3 years of age). No toys are just for girls or just for boys. I try to ensure my toys reflect positive images of children and people from different cultures and with different abilities. No child in my care will be discriminated against in anyway, whether for their skin colour, culture, gender, ability or religion. I will challenge any remarks that I feel are inappropriate. I encourage the children in my care to learn more about their own culture and to find out about the culture and religions of other children. We do in this in a fun way through sharing book s, cooking and eating food from around the world. I encourage the children to develop a healthy respect of each other’s differences and to value everyone as an individual. I encourage Parents to share with us any festivals, special occasions or artefacts, which may enhance the children’s learning and understanding. Please sign and date to say you have read and understand All these policies will be implemented by letting the parents no on signing the contract and experience along the way as working as a professional child-minder. 1.3 Explain the importance of confidentiality and data protection. It is important to maintain confidentiality in order to build a relationship of trust between the parent and child-minder. It is important that they can trust you with their personal data and have peace of mind that  you will respect data they have provided. A child –minder is looking after the parent’s most precious thing in their life their child, therefore a relationship of trust and a mutual respect is incredibly important. One sure way of losing this trust is to disrespect the importance of the data to which you are provided. If you cannot be trusted with personal information it may become difficult for a parent to trust you with their child. It is also important to maintain confidentiality to protect the children the children in your care as well as their families, sharing information with the consent of the parent can be of great benefit as long as every party involved is working for the best interest of the child. In the interest of safety the sharing of information could save a child’s life for example medical issues or allergies. Sharing of information can also support learning as a setting can build a solid base for teaching based on a child’s likes and dislikes. If there is an issue at home that affects the child’s behaviour or progress for instance a family death sharing of information can help all involved understand the situation and deal with it appropriately. The main priority should be the interest of the child and this is where it is important to have up to date record, respectfully handled and shared responsibly with parent’s permission.

Dark Matter :: physics science space

Dark Matter For centuries, physicists and philosophers alike have wondered what makes up our universe. Aristotle thought that all matter came in one of four forms: Earth, Air, Fire, and Water. Since then we have come a long way, with the discovery of the atoms and the subatomic particles they are made of. We can even guess at what makes up protons and neutrons. We have since then discovered and predicted the existence of particles other than the atom, such as the photon, neutrino, axion, and many others. Despite all our advances in particle physics and astrophysics, we still don't know what form of matter makes up 95% of the universe. Physicists have named this mysterious substance dark matter, for it can not be detected by observation (it does not emit visible or other frequency light waves). However, we know that dark matter must exist, following Newton's universal law of gravity. There are two ways to prove the existence of dark matter. We know that the universe must have a certain mass in order for its attractive gravitational forces to slow the expansion of the universe which started at the big bang. We can precisely calculate the rate at which the universe is expanding currently, and how fast it has expanded in the past. From this we get the theoretical mass of the universe. This figure falls far short of the visible mass of the universe, which consists of stars, planets, and hot gas. This is how scientists are able to prove that we can only see about 5% of our universe. We can also prove that dark matter exists in galaxies by examining how they spin. When an object rotates in a circular orbit, the object has a tendency to fly off in a path tangent to the orbit. If the stays within the orbit, it has a radial acceleration which is equal to its velocity squared over the radius of the orbit. The only force which is keeping the body in the orbit is the force of gravity, which is dependent on the mass of the system. Knowing this, physicists can calculate the mass of a galaxy by looking at how fast stars orbiting its center are moving. Physicists can also calculate where the highest percentage of dark matter should be in the galaxy. In most cases, it is located in a ring just outside the galaxy. In the case of the galaxy shown in the photo, dark matter must be present in the dark space between the nucleus of older yellow stars and the outer ring of young, blue stars.

Danger In The Air At North Intermmediate School In Wilmington? :: essays research papers

Danger in the Air At North Intermmediate School in Wilmington?   Ã‚  Ã‚  Ã‚  Ã‚  Is there danger in the air at the North Intermediate School in Wilmington? Apparently carbon dioxide levels have been found to be above acceptable levels in some class rooms. According to a report dated Dec. 9, 1996, by ATC Associations, an independent consulting firm hired by the Town of Wilmington to conduct Indoor Air Quality and Microbiological testing at the school. â€Å"All indoor air quality parameters were within normal guideline ranges with the exception of consistently elevated levels of carbon dioxide and low relative humidity levels throughout the school,† said the report.   Ã‚  Ã‚  Ã‚  Ã‚  High levels of carbon dioxide indoors can be a sign of poor ventilation in a building. Carbon dioxide is an odorless gas which can cause discomfort at lower levels and act as a mild narcotic at higher concentrations. According to the Dec. 9 report, â€Å"If carbon dioxide levels exceed 800-1000 parts per million(ppm), the ventilation system is not effectively working.†   Ã‚  Ã‚  Ã‚  Ã‚  At the Wilmington School Committee meeting on Feb. 12, school Superintendent Dr. Geraldine A. O'Donnell stated that there was a complaint of a musty odor in one of the class rooms after heavy rains on Nov. 6. There were also complaints of nausea and headaches from numerous students. The room was inspected by Roger Lessard, Public Building Superintendent. Mr. Lessard found the odor was being caused by Science chemicals stored there and mildew on a window ledge in the room.   Ã‚  Ã‚  Ã‚  Ã‚  School principal Doug Anderson checked with the school nurse for the attendance rate between Oct. 22 and the first week in November and found nothing out of the ordinary. However, being concerned about the safety of the students and staff, Mr. Anderson requested Lessard hire an outside consultant to evaluate the school's air quality.   Ã‚  Ã‚  Ã‚  Ã‚  The Town of Wilmington then contracted with ATC Associations of Woburn, Environmental, Geoteccnical, and Materials Professionals. ATC conducted a test at the school Nov. 21 and sampled 19 locations. 11 of the 19 locations tested had a carbon dioxide level of over 800 ppm. The average carbon dioxide level was 900ppm showing the results of inadequate ventilation.   Ã‚  Ã‚  Ã‚  Ã‚  ATC explained numerous ways to improve the school's ventilation system. These included: trimming the shrubs close to vents; opening windows to allow air

Classic Pen Company Case

A VOTRE SANTE: PRODUCT COSTING AND DECISION ANALYSIS IN THE WINE INDUSTRY Priscilla S. Wisner Department of Accounting and Information Management College of Business University of Tennessee 638 Stokely Management Center Knoxville, TN 37996 Phone: 865. 974. 1714 Email: [email  protected] edu Case: A Votre Sante Page 1 of 17 Electronic copy available at: http://ssrn. com/abstract=1659912 BACKGROUND A Votre Sante (AVS) is a small, independent winery owned by Kay Aproveche. Kay has a relationship with a grower who grows two types of wine grapes, a Chardonnay and a generic white grape.AVS buys the grapes at the point that they have ripened on the vine. AVS is responsible for harvesting the grapes and all further processing of the grapes into wine. In 2010, AVS earned an operating margin of almost $100,000 on sales of $848,000, for an 11. 6% margin (see Exhibit 1). The process of winemaking is fairly simple, yet requires much attention to process details. After the grapes are harvested, they are brought to the winery for washing and crushing. The crushing process separates the juice from the pulp, skin and stems.The juice is used to make the wine; the pulp, skin and stems are recycled back onto the fields whenever possible or otherwise disposed of. The amount of wine generated from the grapes is dependent each year on a number of climatic and growing factors such as temperature, length of growing season, rootstock and fertilizers used. Once the juice is extracted, it moves into the fermenting process. The Chardonnay wine grape is fermented using oak barrels; the oak in the barrels gives flavor to the Chardonnay wine.The barrels are expensive ($500 each), but are sold after four years for $200 apiece to another smaller winery. The juice fermenting in each barrel results in the production of 40 cases of wine. The generic white grape juices are fermented in a holding tank; a full tank would result in the production of 1,500 cases of wine. The fermenting process takes place in a temperaturecontrolled environment; however, each fermenting method results in some wine loss through evaporation. Kay Aproveche estimates that theChardonnay will lose approximately 10 percent of its volume through the fermentation process, while the generic white will lose approximately 5 percent of its volume. Harvest takes place in the late summer and early fall months; typically, the time elapsed from harvest to final sale is about 11 months. Case: A Votre Sante Page 2 of 17 Electronic copy available at: http://ssrn. com/abstract=1659912 PRODUCT INFORMATION AVS bottles three wines: a Chardonnay-Estate, a regular Chardonnay and a Blanc de Blanc.Data related to the three wines is as follows: Chardonnay-Estate contains only Chardonnay grapes that are grown for AVS; the expected sales price is $22/bottle. The market demand for Chardonnay-Estate wine is estimated to be 24,000 bottles for 2010. Regular Chardonnay is blended by combining the Chardonnay wine left over after bo ttling the Chardonnay-Estate with the fermented generic wine; the blend mixture is two parts Chardonnay grapes and one part generic grapes. The expected sales price is $16/bottle.Blanc de Blanc wine is made from all remaining generic white grapes; the expected sales price is $11/bottle. All three wines are bottled at AVS using one bottling line. In a typical year, AVS bottles enough Chardonnay-Estate to meet the predicted market demand, then bottles the regular Chardonnay after blending all remaining Chardonnay wine with the necessary amount of generic grapes. The Blanc de Blanc is the last wine to be bottled, using all remaining generic white grapes. Kay again expects the wines from this harvest year to sell out.ADDITIONAL OPERATIONAL AND COST DATA Chardonnay Grapes 2009 harvest – 100,000 pounds purchase price of $85,500 expected loss in volume through fermentation and bottling – 10% Case: A Votre Sante Page 3 of 17 Electronic copy available at: http://ssrn. com/abstr act=1659912 Generic White Grapes 2009 harvest – 60,000 pounds purchase price of $38,500 expected loss in volume through fermentation and bottling – 5% Wine-making Chardonnay grapes are fermented in oak barrels; each barrel results in the production of 40 cases of wine Barrels cost $500 apiece, and can be used for our years and sold for $200 each at the end of four years; assume that you have to purchase all new barrels for the 2009 harvest Generic white grapes are fermented in the holding tank; the tank can hold up to the equivalent of 1,500 cases of wine Bottling Requires 36 pounds of grapes (post-fermenting) for one case (12 bottles) of wine In the bottling process, the wine is put into bottles, with both corks and labels added during this process. The materials cost associated with the bottles, corks and labels are estimated to be $2. 50/bottle. Direct Labor Harvest labor is paid an average of $7. 5 / hour. It is estimated that 80 pounds of grapes can be harvested e ach hour. Crush labor is paid an average of $8. 00/hour. It is estimated that it will take 300 hours to crush the grape harvest. Overhead Expenses Administrative rent and office expenses – Estimated to be $20,000 / year. Depreciation is charged based on the following equipment schedule: Case: A Votre Sante Page 4 of 17 Equipment Tractors Crushers Holding Tank Bottle Lines Cost $15,000 $6,000 $40,000 $10,000 Est. Life 10 years 10 years 20 years 10 years 5 years Other Production Equipment $15,000Indirect Materials – Part of the wine-making process involves introducing yeasts and other additives into the wine to help the fermentation process and to help balance the flavors in the wine. Indirect production materials average $1. 55 per case of wine. Lab expenses – Lab expenses of $8,000 are incurred for lab supplies and equipment. The lab is used by the production supervisor and the wine master to test the grapes and wine at various stages of production. Liquor taxes – AVS is required to pay a liquor excise tax of $3/bottle on every bottle of wine sold.Production office – AVS pays a part-time person to help administer the production function. This person orders supplies, reviews and approves production invoices, and performs other administrative functions. The production office budget is estimated to be a flat rate of $12,000. Sales and related – Kay’s sister, Bebe Cadadia, is paid $30,000/year on a contract basis to sell AVS wines. She works through distributors, who are paid $2/bottle for each bottle sold. Supervision – Kay’s brother, Kan Pai, supervises the production of wine from the harvest through the bottling processes. His salary and benefits total $55,000 annually.Case: A Votre Sante Page 5 of 17 Utilities – Utilities costs are incurred primarily to maintain a constant temperature in the fermenting process. These are expected to be $5,500. Waste treatment – After crushing, the pul p, skins and stems that are left over must be disposed of. One-half of the waste can be recycled back onto the fields as a compost material; the other one-half must be disposed of at a landfill dumping cost of $2,000. A winemaster is employed to help formulate and test the wines. This is done on a contract basis; AVS pays the winemaster $5,000 for each type of wine that is formulated.Kay’s role is to manage the AVS business. Her annual salary and benefits total $75,000. CASE QUESTIONS 1. Create a single company-wide contribution margin income statement for AVS that includes each expense category. Also calculate the average revenue and net income for one bottle of wine. (Note: Do not break out the variable or the fixed costs by type of wine. ) 2. Another grower has available 20,000 pounds of Chardonnay grapes from the 2009 harvest. AVS has the opportunity to buy the juice from these grapes (they have already been harvested and crushed).If AVS could blend these grapes with the generic white grapes (using the 2:1 blend formula) to produce a new Chardonnay wine to be priced at $14/bottle, and required a 15% return on sales for this wine, what is the maximum amount that AVS would pay for a pound of grapes? 3. Other than the cost of the grapes, what factors would you consider to support your purchase of the grapes, and what factors would cause you to reject buying the grapes? 4. Kay Aproveche recently read an article about Activity Based Costing (ABC) and is intrigued by the costing methodology.She would like to be able to better assign costs to each of AVS’s products, and has collected the following information about AVS activities. Use this Case: A Votre Sante Page 6 of 17 information, along with the information given in the case, to construct a product cost analysis using ABC. Assume that AVS did not buy the grapes referred to in Question 2. Harvesting activity – The Chardonnay grapes can be harvested at the average rate of 71. 5 pounds/hour, while the generic white grapes are harvested at the rate of 100 pounds/hour.Includes costs related to tractors and harvest labor. Crush activity – Relates to the pounds of grapes crushed. Includes costs of crusher equipment and crush labor. Fermenting Activities – Barrel costs relate to the Chardonnay wines by the percentage of wine used in each wine type. Holding tanks relate to the Blanc de Blanc and the Chardonnay regular wines by the percentage of wine used in each wine type. Lab and Supervision Activities – Kan Pai estimates that these activities are split 60% Chardonnay-Estate, 25% Chardonnay regular and 15% Blanc de Blanc.Other production activities and costs not directly associated with a specific wine – allocate according to the number of bottles produced of each wine. Administrative activities – Allocate according to sales revenues. 5. Write a brief memo to Kay Aproveche that explains what ABC is, and that discusses both the benefits and costs of doing an ABC analysis. What would you recommend to Kay Aproveche regarding the ABC analysis? Case: A Votre Sante Page 7 of 17 Exhibit 1 A Votre Sante Income Statement – 2010Sales Chardonnay – Estate Chardonnay (non-Estate) Blanc de Blanc Total Revenues Product Costs Grapes Bottle, labels, corks Harvest labor Crush Labor Indirect Materials Depreciation Lab expenses Production office Utilities Waste treatment Wine Master Supervisor Barrels Total Product Costs Gross Margin Administrative & Sales Costs Administrative rent & office Liquor taxes Sales commissions Sales manager Administrative salary Total Fixed Costs Operating Margin price $ 22 $ 16 $ 11 # bottles 24,000 $ 9,000 16,000 49,000 $ $ 528,000 144,000 176,000 848,000 124,000 122,500 14,500 2,400 6,329 8,100 8,000 12,000 5,500 2,000 15,000 55,000 4,725 380,054 467,946 $ $ 44. 8% 55. 2% $ $ $ 20,000 147,000 98,000 30,000 75,000 370,000 97,946 11. 6% Case: A Votre Sante Page 8 of 17 TEACHING NOTE: A VOTRE SA NTEThe A Votre Sante (AVS) case is multi-faceted in that it requires students to incorporate operational measures into product costing results, and also to understand cost accounting from a variety of perspectives, such as: Product versus period costs Variable versus fixed costs Activity based costing Relevant costs and opportunity costs Additionally, the case questions require both quantitative and qualitative analyses of the business issues faced by AVS. AVS has been used in a graduate-level managerial accounting class for MBAs, and would be most appropriate for an advanced undergraduate or a graduatelevel accounting or MBA course. The detail in the case is rich enough to support a variety of analyses.Alternative uses could be to have the student construct a cost of goods manufactured statement or a traditional financial statement, both of which reinforce the differences between product and period costs. Students must know the difference between product and period costs to success fully complete the ABC analysis, but they could be made more explicit by requiring the statements. Additionally, alternative decision analysis questions could be developed using the variable and fixed cost structures described in the case. Case question number two is only one example of a potential decision analysis question. The following discussion contains the answers to the questions listed in the case, and does not detail the solutions to alternative questions. Case: A Votre Sante Page 9 of 17Question 1: Contribution Margin Income Statement To develop the contribution margin income statement, you first have to calculate the number of bottles of wine produced by AVS. This number is dependent upon the yield from the grapes. The relevant calculations are as follows: Chardonnay Grapes 100,000 10,000 10% 90,000 Generic Grapes 60,000 3,000 57,000 Yield: Pounds harvested Loss in processing Yield Bottles of wine produced: 5% Chardonnay Estate Regular pounds of grapes: Chardonnay grapes Generic grapes Total pounds of grapes Bottles (3 lb. / bottle) 72,000 72,000 24,000 18,000 9,000 27,000 9,000 Blanc de Blanc 48,000 48,000 16,000 Total 90,000 57,000 49,000The contribution margin income statement (Teaching Note Exhibit 1) is fairly straightforward, with the following concepts / calculations causing the most difficulty: The inclusion of liquor taxes and sales commissions in variable costs: These are both period expenses, but are clearly based upon the number of bottles sold, and therefore are included in the variable costs. Where to include the wine master expense: Since the wine master is paid according to number of blends, not number of bottles, this expense is listed as a fixed cost. Arguably, it could be listed as a variable cost, given that the cost will be based on the number of wines produced.As part of the discussion we will examine the rationale behind listing wine master as a fixed or a variable expense. Barrel expense: The case states that the barrels pro duce the equivalent of 40 cases of wine. A case of wine is post-fermentation/bottling and therefore after the 10% loss has occurred. The Case: A Votre Sante Page 10 of 17 barrels contain the wine at the start of the process. Therefore, there have to be enough barrels to hold all the wine at the beginning of the process, not at the end. This factor results in 63 (62. 5) barrels being required for the harvest1. Question 2: Additional Purchase Opportunity, Quantitative Analysis Case Question 2 asks what is the maximum amount that AVS would pay to buy an additional pound of Chardonnay grapes.There are three parts to calculating this answer: the benefit from the additional Chardonnay wine to be sold, the relevant costs related to producing this wine and the opportunity cost of not producing as much Blanc de Blanc wine. Teaching Note Exhibit 2 displays the calculations relevant to this decision. Chardonnay regular wine requires a 2 to 1 mixture of Chardonnay and Blanc de Blanc wine. There fore, the 18,000 pounds of Chardonnay grapes will be combined with 9,000 pounds of generic grapes. The 27,000 pounds of grapes will result in an additional 9,000 bottles of Chardonnay regular wine being produced. However, it will also result in a 3,000-bottle decrease in the amount of Blanc de Blanc wine produced, since some generic grapes will now be used for the Chardonnayregular wine.Question 3: Additional Purchase Opportunity, Qualitative Analysis The following factors would support AVS’s decision to purchase the additional grapes: Potential increase in market share Diversification of suppliers Ability to leverage fixed costs over more production If quality of purchased grape is perceived to be better To block a competitor from buying the grapes 1 Each case of wine requires 36 pounds of grapes (post-fermenting). A barrel holds the equivalent of 40 cases of wine (post-fermenting), or 1,440 pounds of grapes (40 x 36). To convert the post-fermenting grapes to prefermenting g rapes, they must be divided by . 9, or 1,440 / . 9 equals 1,600 pounds of grapes. The harvest of 100,000 pounds of grapes therefore requires 62. 5 barrels for storage (100,000 / 1,600). Case: A Votre Sante Page 11 of 17Ability to focus time and effort on wine making (rather than harvesting and crushing) Creates an incentive for the current grower to control costs The following factors would support AVS’s decision to reject the grape purchase: Poor quality of the grapes An additional AVS Chardonnay wine creates confusion in the marketplace Lack of control over the harvest and crush process Lack of confidence in the additional sales forecast Inability of the current capacity (e. g. bottling line, space) to support additional production Inability to use the additional barrels purchased in future years Cannibalization of the current Chardonnay, Chardonnay-Estate or Blanc de Blanc sales Reliability concerns with the new supplier Other hidden costsQuestion 4: ABC Quantitative Analy sis Teaching Note Exhibit 3 contains the ABC product costing analysis, and shows both the per product line and per unit costs. The ABC outcome demonstrates that the Chardonnay-Estate is the most profitable wine for AVS, the Chardonnay-Regular is marginally profitable, and the Blanc de Blanc is not profitable. While Blanc de Blanc is not profitable, a product-line contribution analysis would need to be completed to determine if Blanc de Blanc has a positive contribution margin, and therefore contributes to covering fixed costs of AVS. Case: A Votre Sante Page 12 of 17 Question 5: ABC Qualitative Analysis The first part of this question asks for an explanation of ABC, and a discussion of the benefits and costs of an ABC analysis.Relevant points are that ABC is a method of assigning costs that first assigns costs to the activities identified in the business, and these costs are assigned to the cost objects (in this case, the three wines) in a manner which reflects each cost object†™s use of the activity. Using ABC to assign costs is especially beneficial where there exists either variation in processes or variations in cost object requirements. It is also useful as a tool to calculate activity or process costs, which can act as a benchmark against which to judge future improvements. A well-defined ABC cost allocation will provide more accurate costing information than a less-sophisticated cost allocation system. The costs of ABC are that it is a time-consuming process and it requires a comprehensive knowledge of the entire operation to successfully complete.For a small company such as AVS, software costs would be minimal; the ABC system could easily be constructed using a spreadsheet program. After looking at the results of the ABC analysis, it is clear that the Chardonnay-Estate wine is driving the profitability of AVS. The Blanc de Blanc is the poorest performer; recommendations to Kay Aproveche would be to explore both pricing and cost control opportunit ies for the Blanc de Blanc wine. One â€Å"rule of thumb† used in the wine industry is that the price of a bottle of wine is approximately related to the cost of a ton of grapes by a factor of 100 to 1. If you multiply the $11 price per bottle by 100, the result is $1,100.AVS pays $1,283 for a ton of generic grapes, which suggests that AVS is not receiving enough value for Blanc de Blanc wine relative to the price of the grapes. Perhaps AVS is paying too much for this grape, or they are underpricing the wine. The answer to this cannot be fathomed by data in the case, and is subject to many other variables (such as strength of the harvest and strength of the wine market); however, it is mentioned here as performance measure that is used in the industry. Although some students will suggest that AVS discontinue producing Blanc de Blanc, because it has a Case: A Votre Sante Page 13 of 17 positive contribution margin it would not be to AVS’s benefit to discontinue this wine without having a better substitue.Looking at the line item costs, students should note that the costs for bottles, labels and corks are the same for each of the wines, which may not be correct or appropriate. Students should question whether this makes sense, and note that AVS might decrease costs in the Blanc de Blanc line by buying lower-priced bottles, labels and corks. Another interesting piece of information from the cost analysis is the Wine Master cost and how large it is on a per-unit basis when the number of bottles is low. This helps demonstrate to the students how volume creates economies of scale, and often leads into a discussion about how to expand product lines without incurring additional fixed costs, especially when initial volume is expected to be low.Summary The AVS case is based upon actual wine industry data, although the data has been simplified to reinforce the teaching points and concepts. It is also true to the wine making process, with the exception of AVS ’s process of making the Chardonnay regular wine from the fermented Chardonnay and Blanc de Blanc wines. This can be done, but most commonly the juice from the wine grapes is combined at the start of the fermenting process, so that they can ferment together. Because of the different yield rates in the fermenting process, the case had the wines ferment separately and blend at the end. The case can be taught in a 75-minute class, or by omitting the decision analysis question 50 minutes would be sufficient.I have also used it to teach the differences between the financial income statement reporting (product and period costs) and the contribution margin income statement reporting (variable and fixed costs), and then assigned decision analysis and/or the ABC costing as an additional assignment. Case: A Votre Sante Page 14 of 17 Teaching Note Exhibit 1: Contribution Margin Income Statement Sales Chardonnay Chardonnay – Estate Blanc de Blanc Total Revenues Variable costs Grap es Bottle, labels, corks Harvest labor Crush Labor Indirect Materials Liquor taxes Sales Barrels Total Variable Costs Contribution Margin Fixed Costs Administrative rent & office Depreciation Lab expenses Production office Sales Supervisor Utilities Waste treatment Wine Master Administrative salary Total Fixed Costs Operating Margin price $ 22 $ 16 $ 11 # bottles 24,000 $ 9,000 16,000 49,000 $ 528,000 144,000 176,000 848,000 avg. revenue per bottle: $ 17. 1 $ 124,000 122,500 14,500 2,400 6,329 147,000 98,000 4,725 519,454 328,546 61. 3% 38. 7% $85,500 + 38,500 # bottles x $2. 50 2,000 hours x $7. 25/hour 300 hours x $8/hour # bottles x 1. 55/12 $3/bottle $2/bottle 63 barrels x $300/4 years $ $ $ 20,000 8,100 8,000 12,000 30,000 55,000 5,500 2,000 15,000 75,000 230,600 97,946 11. 6% $ 2. 00 per bottle $ $ Case: A Votre Sante Page 15 of 17 Teaching Note Exhibit 2: Decision Analysis, Additional Grape Purchase Yield Chardonnay grapes 20,000 2,000 18,000 9,000 pounds loss (10%) yield 2 p ounds of Chardonnay grapes per bottle (along with 1 pound of generic grapes) 9000 bottles @ $14 / bottle bottlesAdditional Chardonnay Product Line Revenue: $ 126,000 Costs: generic grapes $ 6,079 bottles, labels, corks 22,500 indirect material 1,163 liquor taxes 27,000 sales distribution 18,000 barrels 975 wine master 5,000 Total costs: $ 80,716 Gain from new Chardonnay $ 45,284 Lost Sales of Blanc de Blanc Wine Revenue: $ 33,000 Costs: generic grapes $ 6,079 bottles, labels, corks 7,500 indirect material 388 liquor taxes 9,000 sales distribution 6,000 Total costs: $ 28,966 Lost Contribution Margin $ 4,034 Net Impact Required Return Total Net Benefit Pounds of Grapes Maximum Price $ $ 41,250 $ 18,900 $ 22,350 20,000 1. 12 9000 pounds x. 6754 / pound $2. 50 / bottle $1. 55 / case $3 / bottle $2 / bottle 20,000 pounds / 1, 600 each blend 3000 bottles @ $11 / bottle 9000 pounds x. 6754 / pound $2. 50 / bottle $1. 55 / case $3 / bottle $2 / bottle 15% per poundCase: A Votre Sante Page 1 6 of 17 Teaching Note Exhibit 3: Activity Based Costing Income Statement C – Estate Sales Revenue Driver Grapes pounds of grapes Bottle, labels, corks # bottles Harvest labor harvest labor hours 1 Tractor Depreciation harvest labor hours 1 Crush Labor pounds of grape crushed2 Crush Equip. Depr. pounds of grape crushed2 Indirect Materials # bottles Lab and Supervision # bottles Liquor taxes # bottles Sales # bottles Wine Master # blends Barrels percentage of wine3 Holding Tank percentage of wine4 Other Production Expenses Depreciation # bottles Prod. Office # bottles Utilities # bottles Waste treatment # bottles Administrative Expenses Admin.Salary % of sales revenue Admin rent & office % of sales revenue Sales % of sales revenue # bottles rev. /bottle 24,000 22 $ 528,000 68,400 60,000 8,117 840 1,200 300 3,100 37,800 72,000 48,000 5,000 3,780 308,537 1,959 5,878 2,694 980 11,510 46,698 12,453 18,679 77,830 Total Expenses Operating Margin 397,877 $ 130,123 24. 6% $ $ product l ine data C – Reg. B de B 9,000 16 144,000 23,180 22,500 2,717 281 442 111 1,163 15,750 27,000 18,000 5,000 945 316 117,403 735 2,204 1,010 367 4,316 12,736 3,396 5,094 21,226 142,946 1,054 0. 7% $ $ 16,000 11 176,000 32,421 40,000 3,666 379 758 189 2,067 9,450 48,000 32,000 5,000 1,684 175,614 1,306 3,918 1,796 653 7,673 15,566 4,151 6,226 25,943 209,231 (33,231) -18. % $ Total 49,000 $ 848,000 124,000 122,500 14,500 1,500 2,400 600 6,329 63,000 147,000 98,000 15,000 4,725 2,000 601,554 4,000 12,000 5,500 2,000 23,500 75,000 20,000 30,000 125,000 750,054 97,946 11. 6% $ $ 22. 00 $ 16. 00 $ 11. 00 2. 85 2. 50 0. 34 0. 03 0. 05 0. 01 0. 13 1. 58 3. 00 2. 00 0. 21 0. 16 0. 00 12. 86 0. 08 0. 24 0. 11 0. 04 0. 48 1. 95 0. 52 0. 78 3. 24 16. 58 5. 42 $ 24. 6% 2. 58 2. 50 0. 30 0. 03 0. 05 0. 01 0. 13 1. 75 3. 00 2. 00 0. 56 0. 11 0. 04 13. 04 0. 08 0. 24 0. 11 0. 04 0. 48 1. 42 0. 38 0. 57 2. 36 15. 88 0. 12 $ 0. 7% 2. 03 2. 50 0. 23 0. 02 0. 05 0. 01 0. 13 0. 59 3. 00 2. 00 0. 31 0. 00 0. 11 10. 98 0. 08 0. 24 0. 11 0. 04 0. 48 0. 97 0. 26 0. 39 1. 62 13. 08 (2. 08) -18. 9% per-unit data C – Estate C – Reg. B de B Case: A Votre Sante Page 17 of 17

Foreign Affairs essays

Foreign Affairs essays Future Involvement in Foreign Affairs Since the United States is one of the last remaining super powers have the obligation to maintain and support good relations with the nations throughout the world. We should take full advantage of this different ways. First the U.S. must focus on investing and trading with have yet to become economic powers; second, we must implement a consistent policy towards the Middle Eastern nations: third, the United States needs attempts and results of the democratization and religious revivals in the Latin America, while taking a passive role in letting the a Western type its course: and forth, the U.S. must ease and downplay its conflict with who dislike the "Western people" and their way of life. Obviously, foreign investment is necessary for the future of nations as well as our own. There must be an emphasis on foreign otherwise the third world nations will continue to fall behind and domestically, which could lead to an economic downfall for the U.S. as question then arises as to what the United States must do in order to have agreements with other countries other than Japan and Mexico. In order for play a more active role in the economic and political development of many developing nations, it must first accept a different philosophy than its is imperative for the United States to play a similar role in Latin has played with many of the developing nations in East Asia. The U.S. America, and if it wants to play the role of big brother, it must accept Japan has invested, traded, and been a guide for many of it's neighboring Asia, making them grow politically and economically while also profiting itself (Japan Remains 1996). The U.S. must realize that the economies of Nations will play an important part in the future of our own economy, and begin to lead, invest, and aid not just Mexico, but countries such as Bolivia, and Columbia into the ...

The Essay Experts New Years Ressaylutions- Completing 2011 and Creating 2012

The Essay Experts New Years Ressaylutions- Completing 2011 and Creating 2012 Last year at about this time, I wrote a list of six New Year’s Ressaylutions for 2011. Do you ever go back to your list from last year and check on whether you followed through on your resolutions, or whether you forgot about them the moment you put your pen down? I realized that with all my talk about New Year’s resolutions, I hadn’t gone back to check last year’s list.   I got brave and dug it up this week; the following is a report on how I did at keeping my promises!   I also make new resolutions for 2012. 2011 Ressaylutions  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   1.   Convert my website to WordPress. DONE!   Not only is my site fully converted to WordPress, but I also have a funky cool new slider on my home page. I also created many new forms and downloadable documents that make it easier for clients to submit information and get the materials they need. 2.   Make it easier for my readers to choose the topic they want to read about. DONE!   I now have six separate e-lists: a) Job Search (Resumes Cover Letters) b) College Admissions c) LinkedIn Professional Writing d) Grammar Tips e) Newsletter only e) Everything. Choose the one that’s â€Å"write† for you! 3.   Create autoresponders. DONE!   And there is still so much more to do.   See Ressaylution #3. 4.   Guest blog. DONE!   My articles have appeared on CareerCast.com, Careerealism.com, CareerCenterToolbox.com and ilostmyjob.com, and I was quoted in Forbes.   Recently I wrote two articles for an American Bar Association publication about resumes and personal statements for applying to law school which will be published this summer. 5.   Start an Artist’s Way group. NOT DONE.   This one took a back seat to the business.   But I DID write my morning pages every day for three months like I said I would.   And I told everyone I was leading something, which made me act like a leader.   Perhaps that’s what inspired my article, Top 10 Ways to Be a Leader.   I’m content that this item did not come to fruition. 6.   Continue to write and share about writing issues, job search issues, and sometimes life issues that strike my fancy each week and that my readers care about. DONE.   I faithfully published either a blog article or a newsletter EVERY week in 2011, without fail.   Now THAT’s something to celebrate! Here are The Essay Expert’s Ressaylutions for 2012: 1.   Create a new template for my website that brings me more into the technology of 2012. Despite my successful WordPress conversion, there’s much work still to be done before I have the ability to edit my pages without â€Å"breaking† the existing code.   Look out for a new, more user-friendly interface in 2012 too! 2.   Create new e-lists for past clients, and survey past clients. I want to follow up better with The Essay Expert’s past clients and find out how they are faring with the documents we helped them prepare.   Did they get jobs?   Did they get into school?   Do they need more assistance?   My hope is that better e-lists will allow me to start providing concrete numbers about the results of the work that we do.   In service of this goal (as well as Ressaylution #3), I will be hiring a virtual assistant (VA)!   No more interns – The Essay Expert is getting down to business. 3.   Revise autoresponders from 2011. Right now most of my autoresponders are set up as summaries of my articles with links to the full article. It turns out that people don’t like to have to click on a link to read a full article!   So I will be putting complete articles into my autoresponders for your reading convenience and pleasure.   Thank you to my future VA for helping to make this happen! 4.   Publish my e-book on Kindle This one is in the works.   It will have a cool new cover and a clickable index for easy reference.   Let’s make it a best-seller! 5.   Report on and count success stories in 2012. My goal is to report 212 success stories in 2012.   My resolution is to keep doing great work and to keep marketing The Essay Expert’s offerings so we can create 212 positive results for job seekers, school applicants and businesses in the next year.   See 212 Success Stories for 2012. 6.   Continue to write and share about writing issues, job search issues, and sometimes life issues that strike my fancy each week and that my readers care about. No change here.   I’ll see you every week in 2012. How did you do on your New Years resolutions from 2011?   Do you dare to find out? Category:Life and LeadershipBy Brenda BernsteinJanuary 16, 2012 1 Comment The Essay Expert says: January 17, 2012 at 8:06 am LOL Jan perhaps theres room to start challenging yourself more! Log in to Reply

7 Fascinating Facts About Fungi

7 Fascinating Facts About Fungi What do you think of when you think of fungi? Do you think of the mold growing in your shower or mushrooms? Both are types of fungi as fungi can range from unicellular (yeasts and molds) to multicellular organisms (mushrooms) that contain spore-producing fruit bodies for reproduction. Fungi are eukaryotic organisms that are classified in their own Kingdom, called Fungi. The cell walls of fungi contain chitin, a polymer that is similar in structure to glucose from which it is derived. Unlike plants, fungi dont have chlorophyll so are not able to make their own food. Fungi typically acquire their nutrients/food by absorption. They release digestive enzymes into the environment that assist in this process. Fungi are very diverse and have even contributed to improvements in medicine. Lets explore seven interesting facts about fungi. 1) Fungi Can Cure Disease Many may be familiar with the antibiotic known as penicillin. Did you know that it was produced from a mold that is a fungus? Around 1929, a doctor in London, England wrote a paper on what he called penicillin which he had derived from the Penicillium notatum mold (now known as Penicillium chrysogenum). It had the ability to kill bacteria. His discovery and research started a chain of events that would lead to the development of many antibiotics that would save countless lives. Similarly, the antibiotic cyclosporine is a key immunosuppressant and is used in organ transplants. 2) Fungi Can Also Cause Disease Many diseases can also be caused by fungi. For example, while many associate ringworm with being caused by a worm, it is caused by a fungus. It gets its name from the circular shape of the rash produced. Athletes foot is another example of a disease caused by fungi. Many other diseases such as eye infections, valley fever, and Histoplasmosis are caused by Fungi. 3) Fungi Are Vital to the Environment Fungi play a key role in the cycle of nutrients in the environment. They are one of the main decomposers of dead organic matter. Without them, the leaves, dead trees, and other organic matter that build up in the forests wouldnt have their nutrients available for other plants to use. For example, nitrogen is a key component that is released when fungi decompose organic matter. 4) Fungi Can Last for a Long Time Depending on the conditions, many fungi, like mushrooms, can be dormant for extended periods of time. Some can sit dormant for years and even decades and still have the ability to grow under the right conditions. 5) Fungi Can Be Deadly Some fungi are toxic. Some are so toxic that they can cause instant death in animals and humans. Deadly fungi often contain a substance known as amatoxins. Amatoxins typically are very good at inhibiting RNA polymerase II. RNA polymerase II is a necessary enzyme involved in the production of a type of RNA called messenger RNA (mRNA). Messenger RNA plays an important role in DNA transcription and protein synthesis. Without RNA polymerase II, cell metabolism will stop and cell lysis occurs. 6) Fungi Can Be Used to Control Pests Some species of fungi are able to suppress the growth of insects and nematodes that may cause harm to agricultural crops. Typically the fungi that can have such impacts are part of the group called hyphomycetes. 7) A Fungus Is the Largest Living Organism on the Planet A fungus known as the honey mushroom is the largest living organism on the planet. It is believed to be about 2400 years old and covers over 2000 acres. Interestingly enough, it kills trees as it spreads. There you have it, seven interesting facts about fungi. There are many additional interesting facts about fungi that range from fungi being used to produce the citric acid used in many beverages to fungi being the cause for zombie ants. Some fungi are bioluminescent and can even glow in the dark. While scientists have classified many of the fungi in nature, it is estimated that there are vast numbers that remain unclassified so their potential uses are likely numerous.

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Nursing research - Essay Example Effectively, a tool that provides findings that answered the research questions was valid and reliable since it measured what it was intended to measure in an accurate manner. In research, reliability is the extent to which an instrument provides consistent results in research. In effect, this is the stability of a tool to provide consistent results while used by different researchers. Based on the definition, there are three types of reliability that can be established. First, a determination of the equivalence is one example of establishing the reliability of an instrument. In this case, equivalence establishes whether the instrument used under different research studies produced similar results. The second type of reliability that can be established is consistency. The consistency of a research instrument is through the establishment whether the same instrument produced the same results when used on the same subjects in different instances. Finally, another type of reliability that a person can establish in an instrument is internal consistency, which determines the extent to which items in an instrument measured similar

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CROSS CULTURAL NEGOTIATION MGT Essay Example | Topics and Well Written Essays - 2000 words

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Leadership and Corporate Culture Essay Example | Topics and Well Written Essays - 750 words

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CROSS CULTURAL NEGOTIATION MGT Essay Example | Topics and Well Written Essays - 2000 words

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Does post-development represent the end of development or a new way of Essay

Does post-development represent the end of development or a new way of thinking about how development should be promotedExplain - Essay Example It would give an illustration as to how alternative techniques should be designed to overcome any problem which may occur during the development process. At the end of the 1980s, there was and still is little proof that the ever-present Structural Adjustment Programs (SAPs) had motivated any development, or shaped circumstances helpful to growth. In these situations it was barely astonishing that a lot of individuals involved in development started to sense that the previous theories had unsuccessful (a remarkable exception incorporated those practitioners and intellectuals who were linked with the Washington, and other support organizations, that had prepared a considerable intellectual and economic investment in such plans as SAPs). The query was where to go from that place. Such was the character of the ‘impasse’. In the deficiency of any reliable hypothetical foundation many theorists have sought a trail through the impasse by reference to the body of premise usually known as ‘post-modernism’, or post-structuralism. History is analyzed merely as a reliant series of events. Post-modernists would also be likely to condemn what is frequently observed as an unusually modernist trust in the talent of human race to advance their situation through science, generally visualized as the capability to form and shape their world through the use of technology and such processes as balanced techniques of planning. This is not to declare that post-modernists quarrel that technology and planning never end in the most wanted, or at least useful results, although some approach quite near to such a point at times (e.g. Paul Feyerabendon science). However, they are generally doubtful of the capability of planners and social engineers to attain their apparently benevolent objectives for society (and this is to close the eyes to the chance that they may state such benign goals as a coat for less generally

Extinction of a Conditioned Stimulus Essay Example for Free

Extinction of a Conditioned Stimulus Essay Method: In this experiment, an untrained rat was utilized in order to display the Movement Ratio. 1 stage was selected with ten (10) trials. Each trial had a five (5) minute interval between trials to allow the rat to recover from the medium intensity shock. A medium intensity tone was selected as the Conditioned Stimulus (CS) selected to precede the Unconditioned Stimulus (US), a medium intensity shock. Stage 2 was selected with thirty (30) trials. Each had a five (5) minute interval between trials to allow the rat to recover from the medium intensity shock. A medium intensity tone was selected as the Conditioned Stimulus (CS) to precede the new Unconditioned Stimulus (US), no stimulus. Hypothesis: In the first set of trials, Sniffy will learn to associate the tone with shock; illustrating fear-related behavior or freezing behavior at the tone. In the second set of trials, stage 2, elimination of a conditioned response (CR) (freezing or fear-related behavior) learned in the first set of trials will occur by repeatedly presenting the CS without the US. Results: In the first set of trials; the increase from 0 to 0.7 in the Movement Ratio illustrates that the tone CS, is acquiring the capacity to induce freezing behavior and other fear-related behaviors. As the movement ratio increases, the CS response strength mind window show that the tone’s capacity to elicit fear as a psychological process is increasing. In the second set of trials; the movement ratio window illustrates that repeatedly presenting the CS without the US causes the CS to gradually stop eliciting the freezing and other fear-related behavior. The CS Response Strength mind window shows that this behaviors change is the result of the CS’s losing its capacity to elicit the fear response. Independent Variable (IV) – first trial = shock; second trail = none Dependent variable (DV) – first and second; fear-related behavior, freezing behavior The movement ratio is the proportion of time during each CS presentation that Sniffy is frozen or manifesting other fear-related behaviors.

Causes of Asthma

Causes of Asthma Asthma is a chronic lung disease that inflames and narrows the airways. It can be both short term and long term. Asthma causes recurring periods of wheezing (a whistling sound when you breathe), chest tightness, shortness of breath, andcoughing. The coughing often occurs at night or early in the morning. Asthma affects people of all ages, but it most often starts during childhood. In the United States, more than 25 million people are known to have asthma. About 7million of these people are children. The airways are tubes that carry air into and out of your lungs. People who have asthma have inflamed airways. The inflammation makes the airways swollen and very sensitive, the airways tend to react strongly to certain inhaled substance. When the airways react, the muscles around them tighten. This narrows the airways, causing less air to flow into the lungs. The swelling also can worsen, making the airways even narrower. Cells in the airways might make more mucus than usual. Mucus is a sticky, thick liquid that can further narrow the airways. This chain reaction can result in asthma symptoms. Symptoms can happen each time the airways are inflamed (national institute of health). Understanding and Explaining Asthma The aetiology of asthma has been explained in terms of heredity, incitement, and induction. Incitement is the immediate broncho-constriction noted among asthmatics and others to nonspecific stimuli. Induction is the enhancement of the response to inciters that can follow exposure to certain stimuli, mostly inflammatory agents such as allergens, infections and other irritants, including industrial contaminants such as`4he plicatic acid from Western Red Cedar wood. There is a good reason to believe in a hereditary component to asthma, different components of the condition having possibly independent genetic origins. The best documented genetic component is the familial allergy to ragweed6, and Sibbald et al.7 have argued for independent hereditary components that influence atopy and bronchial responsiveness. However, migrant studies strongly suggest the major determinant to be environmental and not genetic. Both Tokeluans4 and Xhosas3 clearly have the genetic potential for developing a sthma, but this is expressed only on migrating to an economically more developed area (Journal of the Royal Society of Medicine Volume 80 June 1987 367). Isolated examples, such as the increase in asthmatics attending emergency rooms following the eruption of the Mount Helens volcano8, may be explained in terms of incitement, but there are major objections to using this mechanism as a general explanation for differences in the prevalence of asthma. The wide variety of substances capable of inducing broncho constriction in asthmatic subjects can be divided into endogenous mediators such as histamine, prostaglandins or leukotrienes, and exogenous agents such as sulphur dioxide, volcanic ash or cold dry air. For the epidemiologist attempting to explain the prevalence of asthma, the endogenous mediators are unhelpful. The discovery of a mediator whose presence distinguishes asthmatic from non asthmatic populations would be useful, but in turn would raise the question of why one population had more of the mediator than the other population. For the reason discussed above, a genetically controlled explanation can be discounted, which leaves an environmental factor to increase the amount of mediator in the asthmatic population. This is essentially the same as the initial question of what environmental factor might account for differences in the prevalence of asthma. Exogenous inciters, being environmental in origin, theoretically offer a better hope of advancing the issue further, but, in the event, are no more helpful. Differences in the prevalence of asthma are not accounted for simply by differences in the incidence of clinical symptoms provoked by environmental triggers. They also reflect differences in the under-lying prevalence of bronchial hyper-responsiveness. In van Niekerks study3, it was the response to the exercise challenge that differed between urban and rural areas. This cannot be explained simply in terms of the prevalence of inciters in the environment. Induction provides a more promising general theory with which to explain differences in prevalence. There is plenty of evidence that induction does occur, particularly in an industrial context and this has been used extensively as a general model for the aetiology of asthma. It does not, however, explain the distribution of asthma in developing countries. Agents that have been sh own to induce asthma are abundant in the Third World ( Journal of the Royal Society of Medicine Volume 80 June 1987 367). Fatality of Asthma Acute respiratory infections are probably the single most important cause of death among children. It is thus appealing to consider the hypothesis that fatal and near fatal attacks of asthma may have common causes, and that studying non-fatal asthma attacks (as well as being of value in itself) may provide useful information on the factors associated with fatal asthma attacks. Campbell investigated the levels of agreement between information obtained directly from cases of near fatal asthma attacks with those obtained independently from close acquaintances, almost all of whom were family members living in the same household. They found very high levels of agreement for recognized markers of chronic asthma severity (such as a hospital admission in the last 12 months or an intensive care unit admission), utilization of medical services, the use of prescribed agonists (although there was less agreement for other asthma medications such as oral xanthines), and psychiatric features. These findings are generally encouraging in that they indicate that information relating to these risk factors and clinical characteristics obtained from close acquaintances has reasonable reliability in studies of near fatal asthma attacks and therefore such information may also be reliable for persons dying from asthma. In contrast, information on features of the long term asthma history such as sleep disturbance and the frequency of, or trends in, symptoms in previous years was not reliable. The reliability of the reported circumstances associated with a near fatal episode was not examined. Thus, while it would seem appropriate to continue to examine deaths from asthma using clinical information that has been recorded before the fatal attack, the findings of Campbell suggests that interviews with acquaintances may provide additional useful data. Richards have compared the demographic characteristics of patients suffering fatal asthma attacks throughout New Zealand during 1980-6 with t hose experiencing severe life threatening asthma attacks in the Auckland region during 1981-7. The information avail-able for the study was limited, but the findings once again confirm the importance of a previous life threatening attack of asthma as a marker of subsequent risk of death from asthma. About one quarter of the subjects who died in Auckland during the period of the study had a previous admission to an intensive care unit with asthma. This suggests that asthmatic subjects who experience a life threatening attack are a group in whom intensive medical treatment and follow up should be arranged. These considerations indicate that, although there are some practical advantages in studying near fatal asthma attacks, there may well be greater problems of interpretation of the findings than in studies of fatal asthma. Nevertheless, when interpreted cautiously, studies of near fatal attacks may provide a useful complement to studies of fatal attacks in monitoring the time trends in severe asthma, and in identifying the causes of those changes which occur (Thorax 1993;48:1093-1094).

Affirmative Action needs to be Changed not Ended Essay -- Affirmative

Affirmative action: Should it be mended or ended? Affirmative action is an attempt to correct unequal distribution of benefits (status, income and wealth, power and authority), and burdens associated with ethnic and gender differences. Affirmative action has been promoted by the Federal government since the mid 1960's, when president Lyndon B. Johnson ordered federal contractors to adopt affirmative action plans. (Congress and the Nation, 748). This paper will focus on the relevance of affirmative action in the American society. It is important to acknowledge the truth of affirmative action's main claim: historically, African Americans and women have been victims of discrimination. Theoretically speaking, African Americans enjoy the same citizenship rights and protections as white Americans. While ground has been gained, the reality is that discrimination and racism are still very much a part of American culture and institutional practice. For instance, during the 19th century, women were barred from many professions like doctor, lawyer, etc. Predominantly, these positions were for white males. Women were in a crucial position because upon marriage, they often lost title to whatever pittance they were allowed to earn! (McElroy, 1 of 2). We must remember that affirmative action was established to address the continuing, real problems of discrimination. Minorities and women remain economically disadvantaged. The black unemployment rate for instance remains more than twice the white unemployment rate (Do Racial preferences count, 1 of 2). In the United states, affirmative action has been a hot debate for quite a while. There have been both positive and negative thoughts concerning affirmative action in the American society.... ...nthropoloty Newsletter. Sept. 1998: 3. * Anderson, N. Charles. "Do Racial Preferences Help?: Affirmative Action Rights wrongs, Aids Economy." Detroit News. 25 Jan. 1998: 4-5B. * O'Connor, Preimesberger, & Tarr (eds.). Congress and the Nation: A Review of Government and Politics. Vol. IX, 1993-1996. Washington DC: Congressional Quarterly Inc. 1998. * De Han, Martin. Negative Aspects of Affirmative Action. October 1999. http://www.sru.edu/depts/cisba/comm/awalters/smgr/marteen/maxhpneg.htm. * Singer, Peter. Practical Ethics 2nd edition. New York: Cambridge University Press. 1993. * The Civil Rights Project. Harvard University. October 1999. http://www.law.harvard.edu/groups/civilrights/publications/index.html. * McElroy, Wendy. What Does Affirmative Action Affirm? October 1999. http://www.zetetics.com/mac/affirm.htm. Affirmative Action needs to be Changed not Ended Essay -- Affirmative Affirmative action: Should it be mended or ended? Affirmative action is an attempt to correct unequal distribution of benefits (status, income and wealth, power and authority), and burdens associated with ethnic and gender differences. Affirmative action has been promoted by the Federal government since the mid 1960's, when president Lyndon B. Johnson ordered federal contractors to adopt affirmative action plans. (Congress and the Nation, 748). This paper will focus on the relevance of affirmative action in the American society. It is important to acknowledge the truth of affirmative action's main claim: historically, African Americans and women have been victims of discrimination. Theoretically speaking, African Americans enjoy the same citizenship rights and protections as white Americans. While ground has been gained, the reality is that discrimination and racism are still very much a part of American culture and institutional practice. For instance, during the 19th century, women were barred from many professions like doctor, lawyer, etc. Predominantly, these positions were for white males. Women were in a crucial position because upon marriage, they often lost title to whatever pittance they were allowed to earn! (McElroy, 1 of 2). We must remember that affirmative action was established to address the continuing, real problems of discrimination. Minorities and women remain economically disadvantaged. The black unemployment rate for instance remains more than twice the white unemployment rate (Do Racial preferences count, 1 of 2). In the United states, affirmative action has been a hot debate for quite a while. There have been both positive and negative thoughts concerning affirmative action in the American society.... ...nthropoloty Newsletter. Sept. 1998: 3. * Anderson, N. Charles. "Do Racial Preferences Help?: Affirmative Action Rights wrongs, Aids Economy." Detroit News. 25 Jan. 1998: 4-5B. * O'Connor, Preimesberger, & Tarr (eds.). Congress and the Nation: A Review of Government and Politics. Vol. IX, 1993-1996. Washington DC: Congressional Quarterly Inc. 1998. * De Han, Martin. Negative Aspects of Affirmative Action. October 1999. http://www.sru.edu/depts/cisba/comm/awalters/smgr/marteen/maxhpneg.htm. * Singer, Peter. Practical Ethics 2nd edition. New York: Cambridge University Press. 1993. * The Civil Rights Project. Harvard University. October 1999. http://www.law.harvard.edu/groups/civilrights/publications/index.html. * McElroy, Wendy. What Does Affirmative Action Affirm? October 1999. http://www.zetetics.com/mac/affirm.htm.

Nike Case Study Essay

Kimi Ford, a portfolio manager at North Point Group, is looking into the profitability of investing in the stocks of Nike for her fund that she manages. She is supposed to base her decision the company’s data which was disclosed in the 2001 fiscal reports. While Nike management had addressed several issues that are causing the decrease in market sales and stock price, management presented plans to improve and perform better. Nike revenue has been at a plateau since 1997 yet net income and market share were falling. Supply chain issues and the strong dollar negatively affected revenue too. Plans are in place to address top line growth and operating performance. To boost revenue, the company would develop more athletic shoes in the mid priced segment which has been overlooked by Nike in recent years. They also planned to push their apparel line which under strong leadership had performed very well to control expenses. Revenue growth targets are around 8-10% and earnings targets are above 15%. Analyst reactions were mixed as some of them thought this was too aggressive. Lehman Brothers recommended a strong buy while others expressed misgivings and recommended a hold. At this point, North Point Group decided to do their own analysis in order to decide if Nike shares should be purchased for the fund. The weighted average cost of capital (WACC) is the rate that a company is expected to pay its debt and equity holders to finance its assets. It is the minimum return that a company must earn on existing asset base to satisfy its owners, creditors, and other providers of capital or they will invest somewhere else. Companies raise money from many sources such as common and preferred equity, straight, convertible, and exchangeable debt, options, warrants, pension liabilities, executive stock options, governmental subsidies, and others. Different securities, which represent different sources of finance, are expected to generate different returns. WACC is calculated taking into account the relative weights of each component of the capital structure- equity and debt, and is used to see if the investment is worthwhile to take part in. Management notices the cost of capital while making a financial decision. The concept is very relevant in the following managerial decisions and hence its importance: (1) Capital Budgeting Decision. Cost of capital may be used as the tool for adopting an investment proposal. Naturally, the firm will choose the project which gives a satisfactory return on investment which would never be less than the cost of capital incurred for its financing. In the many methods of capital budgeting, the cost of capital is the main factor in deciding the project out of different proposals pending before the management. It determines the acceptability of all investment opportunities by measuring financial performance. (2) Designing the Corporate Financial Structure. The cost of capital is a significant factor in designing the firm’s capital structure. The cost of capital is influenced by changes in capital structure. Financial executives keep an eye on capital market fluctuations and try to achieve the economical and sound capital structure for the firm. They may try to substitute the various methods of finance in an attempt to minimize the cost of capital a nd to increase the market price and the earning per share. (3) Deciding about the Method of Financing. Financial executives must have knowledge of fluctuations in the capital market and should analyze the rate of interest on loans and normal dividend rates in the market from time to time. Whenever company requires additional finance there are better choices of the source of finance which bears the minimum cost of capital. Although cost of capital is an important factor in such decisions, but equally important are the considerations of relating control and of avoiding risk. (4) Performance of Top Management. The cost of capital can be used to evaluate top executive financial performance. Evaluation of the financial performance will involve a comparison of actual profitability’s of the projects and along with the projected overall cost of capital and an appraisal of the actual cost incurred in raising the required funds. (5) Other Areas. The concept of cost of capital is also important in others areas of decision making, such as dividen d decisions, working capital policy, and more. WACC CALCULATION: [pic] One important question is if Joanna Cohen should use a single or multiple of capital for each of Nike’s footwear and apparel divisions? We agree with the use of single cost rather than multiple costs of capital. The reason of estimating WACC is to value the cash flows of the entire company that is provided by Kimi Ford. Plus, Nike business segments have a similar risk and thus a single cost is sufficient for this analysis. Joanna Cohen’s cost of debt was incorrect. An important fact is the WACC is used for discounting future cash flows, thus all components of the cost must reflect the firm’s concurrent or future abilities in raising capital. Cohen wrongly used the historical data in estimating the cost of debt. She divided interest expense by the average balance of debt to get 4.3% of before tax cost of debt. It doesn’t reflect Nike’s current or future cost of debt. The correct way to calculate the cost of debt is explained below. If the cost of debt is intended to be forward looking, it can be estimated by the yield to maturity of bond. The more appropriate cost of debt can be calculated with the data provided in Exhibit 4 of the case. Market data is correctly used rather than historical data. PV: 95.60 N= 40 Pmt: -3.375 FV: -100 The values above were put into Excel’s rate function. This came to a 7.16% annual cost of debt. The tax rate is 38%. The correct way to get the after tax cost of debt is to take 7.16% * (1-38%) = 4.44% The correctly calculated before tax cost of debt is 7.16%. This is significantly higher than Joanna’s incorrectly calculated cost of debt of 4.3%. Her incorrect calculation came from using historical rates rather than market rates. Next, the cost of equity is calculated. It is a good idea to use the 20 year T-Bond rate to represent the risk free rate. The cost of equity and the WACC are used to discount cash flows in the long run, thus rate of return of a T-Bond with 20 years maturity at 5.74% is the longest rate that is available. The geometric mean of market risk premium is 5.9%. This is more accurate than using arithmetic mean to represent market risk premium. By using arithmetic mean to represent true market risk premium, we have to have independently distributed market risk premium. It is often found that market risk premiums are negatively serial correlated. Market average Beta of .69 is used because it is a good indicator of the average Beta’s and their fluctuations throughout the years. Capital Asset Pricing Model (CAPM) |Cost of Equity(KE) | |KE = |Rf + ÃŽ ²(Rf – Rm) | |Rf = |5.74% | = |9.81% | |Beta |= 0.69 |Average Nike Beta | | Next, the weights of debt and equity need to be calculated. The market value of equity is $42.09 share price X 271.5 million shares = 11,427,000 Due to the lack of information of the market value of debt, book value of debt at 1296.6 million is used to calculate weights. Calculations for market and debt weights: 11,427,000 / (11,427,000 + 1297) = 89.8% Equity Weight 1 – 89.8% = 10.2% debt weight WACC Calculation 4.44% After Tax Cost of Debt X 10.2% Debt Weight + 9.81% Cost of Equity X 89.8% Equity Weight = 9.27% The CAPM method was used when calculating cost of equity for the WACC. Advantages and disadvantages of this method are explained below. Advantages: †¢ It only considers systematic risk, reflecting a reality in which most investors have diversified portfolios from which unsystematic risk has been essentially eliminated. †¢ It generates a theoretically-derived relationship between required return and systematic risk which has been subject to constant empirical research and testing. †¢ It is generally seen as a superior method of calculating the cost of equity than the dividend growth model (DGM) in that it explicitly takes into account a company’s level of systematic risk relative to the stock market as a whole. †¢ It is clearly better than WACC in providing discount rates for use in investment appraisal. Disadvantages: †¢ It is practically impossible to estimate betas for many projects. †¢ People sometimes focus on market risk rather than corporate risk, and this may be a mistake. The Dividend Discount Method is another method of calculating cost of equity. The assumption made with this model is that the company pays a substantial dividend, but Nike Inc. does not pay dividends. Therefore, we rejected this model since it does not reflect the true cost of capital. The method Compares dividends forecasted for the next period with the current share price for the firm and then adds the growth rate of the firm. Equation: Ke= D1/ P0 + g †¢ Variables: – G= the value line forecast of dividend growth, which equals 5.5% – PO= current share price, which is $42.09. – D1= DO (1+g), which equal .48 (1+.055) †¢ DO= from dividend history and forecast chart, which equals .48 Therefore, cost of equity = .564/42.09 + .055= 6.7% Advantages: †¢ Allow great flexibility when estimating future dividend streams †¢ Provide useful value approximations even when the inputs are simplified †¢ Can be reversed so the current stock price is used to impute market assumptions for growth and expected return †¢ Investors are able to suit their model to their expectations rather than force assumptions into the model †¢ Specifying the underlying assumptions allows for sensitivity testing and analyzing market reactions to ever changing circumstances Disadvantages †¢ Subjective inputs can result in wrongly specified models and bad results †¢ Over-reliance on a valuation that is really just an estimate †¢ Sensitivity is high to small changes in input assumptions †¢ Flow-through of minor formula or data entry errors when using spreadsheets The Cost of Equity Method is the other method for forecasting cost of equity. The final model used to compute the cost of capital was the earning capitalization model. The problem with this model is that it does not take into consideration the company’s growth. Therefore we chose to reject this calculation. The earnings capitalization model calculations were found this way: †¢ Stands for earnings capitalization model †¢ This model compares forecasted earnings for the next period over the current share price. †¢ Equation: – Ke: E1/ P0 †¢ Variables: – E1= (1+g) * (E0/ # of shares outstanding) †¢ G= retention ratio * return on equity †¢ Retention ratio= retained earnings/ net income †¢ 3194.3/ 589.7= 5.42 †¢ Return on equity= net income/ total shareholders’ equity †¢ 589.7/ 3494.5= 16.88% †¢ G= 5.42* 16.88%= .914 †¢ EO= Net Income, which equals 589.7 †¢ Share Outstanding= 271.5 – E1= ((1+.914) * 589.7)/ 271.5= 4.1572 – PO= Nike current share price, which is 42.09 †¢ Therefore, cost of equity= – 4.1572/ 42.09 = 9.88% Advantage Strong representation of earnings Disadvantages Brealey & Myers argue in Principles of Corporate Finance that this model is not good to use for growing firms but is appropriate for no-growth firms. Hence it is not appropriate for Nike Inc. since this company is still growing. Analysis and Recommendation Kimi ford used a WACC discount rate of 8.4% to find a share price of $63.50. Nike is currently trading at $42.09. This makes the share price undervalued by $21.41. However, her discount rate does not reflect true market value due to the mistakes in her methods we discussed earlier. The discount rate we came up with from using the CAPM was 9.27%. This higher WACC results in a lower share price of around $55.60. Share price has decreased once Joanna’s calculation methods have been corrected, but Nike is still overvalued so we still recommend buying the stock. Share price is now undervalued by $12.97. SWOT Analysis Strengths: †¢ Globally recognized #1 sports brand †¢ Strong marketing, research and development, and innovation †¢ Worldwide logo recognition, brand loyalty, and slogan â€Å"Just do it.† Weaknesses: †¢ Most profits are solely from footwear †¢ Revenue has plateaued, expenses have increased †¢ Supply chain issues affecting financial health too †¢ Price sensitive retail industry Opportunities: †¢ There are plans in place to address top line growth and operating performance †¢ Plans to create more athletic footwear †¢ Also plans to push apparel line †¢ High revenue growth (8-10%) and earning (15%) targets Threats: †¢ Uncertainties in international trade †¢ The market is cut throat †¢ Growing competition from other companies can lead to decreased market share DuPont Analysis †¢ Net Income: 589,700,000 †¢ Sales:9,488,800 †¢ Total Assets:5,819,600 †¢ Common Equity – Common Stock, Par: 2,800,000 – Capital in excess of stated value: 459,400,000 – Retained Earnings: 3,194,300,000 – Total: 3,656,500,000 †¢ NI/Sales: 589,700,000/9,488,800,000 = 6.2% †¢ Sales/TA: 9,488,800,000/5,819,600,000 = 1.63 †¢ TA/CE: 9,488,800,000/3,656,500,000 = 2.60 †¢ Profit Margin * TA Turnover * Equity Multiplier †¢ 6.2% * 1.63 * 2.60 = 26.27% ROE. This Return on Equity is high, further stating the fact that Nike stock is good to buy. Nike has strong financial health and its stock is a sound investment. It would make a valuable addition to any mutual fund. The End Thank You