Finance assignment1 Essay Example | Topics and Well Written Essays - 2250 words

Finance assignment1 - Essay Example 64400 36000 28400 Since the least payment to be paid by Alresford to Gibson under third option, i.e., 28400, it is advisable to go ahead with third option. (d) Under Imputation system, the tax payable by the company is deductible for the tax computation of shareholders. The imputation system, when the company's tax is avoided the calculation will be as follows: Operating cash flow north south total cost of capital market value 12000 12000 24000 18% 4320 12000 8000 20000 18% 3600 16000 8000 24000 18% 4320 20000 4000 24000 18% 4320 PART B The Cost and Benefits of Debt Introduction Among the various sources of capital, debt is an important and popular source of long term fund for small as well as big firms. Other sources include equity and preference shares and retained earnings. Debt is a long term arrangement with a lender by a company to avail finance on a certain set of conditions. The lender may be banks and financial institutions, public, and other corporations issuing debt securities. The company can avail debt capital in various forms such as bonds, long term loans from banks and financial institutions etc. Bond is the most common form of debt security issued by a corporation. Bonds are issued by governments also in time of financial crisis. Debt is the least cost and hence the most popular source of capital for corporations. In addition to that it has many advantages. As bonds are the common form of debt capital, bonds and debt are often used interchangeably. Moreover, the attributes of bonds as a source of long term capital are similar to any other de bt capital. Therefore, the following discussion of cost and benefits of debt is common to bonds and long term loans. Cost of Debt Debt is a long term agreement with a lender (bank or public) by a...The company can avail debt capital in various forms such as bonds, long term loans from banks and financial institutions etc. Bond is the most common form of debt security issued by a corporation. Bonds are issued by governments also in time of financial crisis. Debt is the least cost and hence the most popular source of capital for corporations. In addition to that it has many advantages. As bonds are the common form of debt capital, bonds and debt are often used interchangeably. Moreover, the attributes of bonds as a source of long term capital are similar to any other debt capital. Therefore, the following discussion of cost and benefits of debt is common to bonds and long term loans. Debt is a long term agreement with a lender (bank or public) by a company to avail funds on the condition that interest shall be paid by the latter to the former during the period of debt and the principal shall be paid at the end of maturity period. The interest to be payable by the company to the lender is known as the cost of debt. In other words, cost of debt is the interest payable by the company to the lender for using the latter's hard earned money. The interest payment is to be made annually or semi-annually depending upon the terms of agreement.

The Black Jacobins Essay examples -- Essays Papers

The Black Jacobins The San Domingo revolution led to the abolition of slavery, independence of Haiti from France and the proclamation of a black republic. However, unlike many historians, CLR James in his work, The Black Jacobins, does not depict the struggle for independence as merely a slave revolt which happened to come after the French Revolution. He goes beyond providing only a recount of historical events and offers an intimate look at those who primarily precipitated the fall of French rule, namely the black slaves themselves. In doing so, James offers a perspective of black history which empowers the black people, for they are shown to actually have done something, and not merely be the subject of actions and attitudes of others. Even before the actual revolt, the slaves were not men who merely resisted; they were not passive objects. James offers graphic detail of the random and frequent beatings, killings and tortures in order to show the immense brutality of San Domingo's slavery. The severity and harshness of the slavery was due primarily to the fact that the colonists understood that "To cow [the slaves] into the necessary docility and acceptance necessitated a regime of calculated brutality and terrorism" (12) Throughout his account of San Domingos' slavery, James maintains the perseverance of the humanity of the slave population. The slaves did not succumb to their conditions by becoming inanimate objects devoid of any human qualities. Although the "majority of the slaves accommodated themselves to [the] brutality by a profound fatalism and a wooden stupidity before their masters", the slaves still maintained their intelligence and creativity. "The difficulty was that though one could trap them like animals, transport them in pens, work them alongside an ass or a horse and beat both with the same stick, stable them and starve them, they remained, despite their black skins and curly hair, quite invincibly human beings; with the intelligence and resentments of human beings" (11-12). Moreover, it "was this intelligence which refused to be crushed, these latent possibilities, that frightened the colonists, as it frightens the whites in Africa to-day" (18). Throughout The Black Jacobins, James emphasizes the struggle, the tension between the demands made by the society and the human need for expression. Although, "Many s... ...er the revolution, the mentality of the people of San Domingo was foreover changed. Slavery would never be accepted again by the inhabitants. "Any regime which tolerated such practices was doomed, for the revolution had created a new race of men" (242). This new race of men were aware of their self-importance. "There was no need to be ashamed of being a black. The revolution had awakened them, had given them the possibility of achievement, confidence and pride. That psychological weakness, that feeling of inferiority with which the imperialists poison colonial peoples everywhere, these were gone" (244). Thus, in The Black Jacobins, James does much more than retell the story of the San Domingo revolution. He shows the slave revolt to be an empowering example for all liberation movements. Thus, James hopes to stimulate the coming emancipation of Africa as well. James concludes The Black Jacobins by noting that "Imperialism vaunts its exploitation of the wealth of Africa for the benefit of civilisation. In reality, from the very nature of its system of production for profit it strangles the real wealth of the continent-the creative capacity of the African people" (377).

Creative thinking process Essay

A. Case 5.1 1. How did the creative thinking process work in the development of this product? Describe what took place in each of the four steps. Phase 1: Background or knowledge accumulation—The 3M manager wanted something that could mark the hymnal pages in order for him to be able find them fast, but did not know what could. Phase 2: The incubation process— The 3M manager knew bookmark is not the solution because it could fall out. Phase 3: The idea experience—He realized he needed something that could adhere to the paper, but would not rip it, so he asked if there was an adhesive that’s been made that could do that. Phase 4: Evaluation and implementation—He had his members find the not-yet-marketed adhesive and had the glue applied to paper, and later show other people like secretaries on his new â€Å"attachable† notes. 2. Why did the manager have the Post-it notes sent to secretaries throughout the company? What was his objective in doing this? He knew the secretaries would be able to use them throughout their work, and he wanted to create a word of mouth buzz to get people talking about the newly made products. 3. What type of innovation was this—invention, extension, duplication, or synthesis? Defend your answer. This innovation was an extension to the bookmark. Bookmarks basically started as pieces of paper saving a spot for future reading. So, by adding adhesive to the paper, it is clearly an extension of a product that has already been made because it created a new use for bookmarks technically. 4. Which of the sources of innovative ideas discussed in the chapter help account for this product’s success? Explain in detail. It is a process source because the post-it notes are basically bookmarks, but have been innovated to be a better, more useful alternative for a variety of situations and jobs. Post-its are more dependable and therefore easier to use than bookmarks because it is harder to lose them. B. Case 7.1 1. Is anything unique about Chris’s idea? Explain. The washable vinyl, the house bigger larger, and the house representing the owner’s actual home are basically the only few unique aspects of the doghouse. All other aspects, like the dog’s name, insulation, and shingles are kind of givens when it comes to having a doghouse especially if the dog  is usually kept outside most of the time, especially in places where the weather is mildly unpredictable. 2. What is the first thing he should do to follow up on his idea? Explain. I feel like Chris should definitely look up the success of personal construction businesses, especially ones for animals like this doghouse venture. Sure, it seems like a simple and logical business venture, but I think he needs to think about whether or not this is something potential consumers really want to buy. Hence Chris needs to figure out his target market and do research on them. 3. When this is done, what else should Chris do? Outline a general course of action of him. Once he hopefully finds an effective target market, he should find an individual or small company that would be interested in building the doghouses for his new venture. How much would he be paying the contractor per house? How is he going to market the new venture? Will he have an online website in addition to newspaper and word of mouth marketing? If the business does end up being successful, Chris could also be thinking about other similar products that could be built like dog or cat beds, fish tanks, and doghouse accessories/ideas (e.g. porches or making portable doghouses).

The Tulsa Race Riot Of 1921 - 1400 Words

The Tulsa Race Riot of 1921 was the culmination of racial tensions both endemic in American society as a whole in the period, and certain tensions peculiar to Tulsa, Oklahoma. In 1921, Greenwood and its African American population became the outlet for these often violent tensions seething among Tulsa’s white population. The following paper seeks to shed some further understanding on what motivated and pushed the whites of Tulsa, Oklahoma to such a violent, extreme reaction during the riot. To answer the question, ‘Why were the whites so mean?’ it is necessary to understand the pre-existing conditions that existed in Tulsa, Oklahoma before the actual riot took place in 1921. Pre-existing racism in Tulsa was the foundation on which all the other causes of the riot were built upon. Wide-spread segregation was still common in America at that time and it was accepted by many in the North and South that whites were inherently superior to blacks. These views were particularly strong in the South, where emancipated blacks were seen as a threat and scourge to white Southern culture, a culture which was utterly dominated by whites and where blacks were oppressed with no hope of equal protection under the law, equal representation, etc. This was also the case in Tulsa in the early 1900s. Blacks were segregated against by the white residents and as a consequence formed their own community, called Greenwood, on the north side of the Frisco Railroad tracks, which was heralded byShow MoreRelatedThe Tulsa Race Riot Of 19211376 Words   |  6 PagesThe Tulsa race riot was a large-scale, racially motivated pogrom on May 31 and June 1, 1921, in which a group of whites a ttacked the black community of Tulsa, Oklahoma. The Greenwood District, the wealthiest black community in the United States, was burned to the ground. Over the course of 16 hours, more than 800 people were admitted to local white hospitals with injuries, the two black hospitals were burned down, and police arrested and detained more than 6,000 black Greenwood residents at threeRead More Tulsa Race Riots Essay1676 Words   |  7 Pages Tulsa Race Riot The Tulsa race riot changed the course of American history by actively expressing African American views on white supremacy. Before the events of the Tulsa race riot African Americans saw the white community taking justice into their own hands. Black citizens of Tulsa stood up against this sort of white mob. This escaladed into the Tulsa race riot. The Tulsa race riot and its effects weighed heavily upon the African Americans of this era. The first event was with the IndustrialRead MoreA Short Note On Oklahoma Race Riots And The Black Wall Street928 Words   |  4 PagesTu â€Æ' Tulsa Race Riots On May 31-June 1, 1921, a series of actions occurred in Greenwood, a small district in the northern parts of Tulsa, Oklahoma, which are now called the Tulsa race Riots. Being a segregated city like the rest of Oklahoma, many of Tulsa’s African American citizens resided in Greenwood- an area composed of predominately African American communities and business locations. The discovery of oil is the number one reason why Tulsa’s economy flourished. There was an abundance ofRead MoreThe Tragedy Of The 1920 S1525 Words   |  7 PagesIII 10 March 2017 The Tragedy of the 1920’s Tulsa Race Riot Racism has been a huge problem in the U.S. for many decades now, and a big action that follows racism are the race riots. One of the biggest riots of the 1920’s was the Tulsa Race Riot, which involved the burning of the Greenwood area, and left many African Americans homeless. The Tulsa Race Riot was concluded to be one of the worst racial violent events in American history. On June 1, 1921 a sequence of really bad events had happenedRead MoreThe Destruction Of The Black Nation1440 Words   |  6 Pagesburns their lungs. The events are a recurring nightmare. While concealed from the 700,000 citizens dwelling and working in Tulsa, Oklahoma, they trod upon the grounds of the site of one of the most horrid race riots in America’s history. However, the witnesses of this atrocity would never be able to rid the images that were burned into their minds. The Tulsa Race Riot of 1921 transpired in what was considered to be the Promise Land for the black populous (See Appendix A). For years the African AmericansRead MoreTulsa Race Riots1755 Words   |  8 Pages Riot Beginnings pg. 3 -4 III. Statistics pg. 4-5 IV. Lives Changed pg. 5-6 V. Reparations pg 6-7 VI. References pg. 8 Introduction The Tulsa race riot of 1921 was a dark time in the history of Oklahoma. It all began with a simple misunderstanding, but had catastrophic consequences. Homes and businesses were destroyed, many African Americans and whites were killed, and Tulsa had lostRead MoreJohn Legend And His Get Lifted Film Co Essay2182 Words   |  9 Pageshistory. Through the documentary, the men and women of Greenwood, Tulsa. Oklahoma will be heard, as we chronicle the events that brought a thriving black community to its knees. Entrepreneur, J. B. Stradford, believed that black people had a better chance of economic progress if they if they pooled their resources, worked together and supported each other s businesses. He bought large plots of real estate in the northeastern part of Tulsa, which he had subdivided and sold exclusively to other AfricanRead MoreThe Tulsa Race Riot : The Black Population Of Tulsa At The Time Of The Riots3694 Words   |  15 PagesThe Tulsa Race Riot is an event that is quite possibly the most unknown and misconstrued piece of history in the United States of America. When and if it is discussed, it’s taken as a single event that happened in Tulsa and was deadly and very destructive. The many theories of what occurred and how it came to the extreme mob like violence taken on Tulsa’s own civilians. The evidence found suggest there were alternative motives in Tulsa for acquiring land that the black civilians held. This paperRead MoreThe Resurgence Of The Kkk944 Words   |  4 Pages1920s involved infamous race riots, lynching, the Sweet Case, and the rise of the Ku Klux Klan. However, out of all these other factors, the Ku Klux Klan has left a huge impact on American history. To begin, there were many ways to show racism but, race riots were most common. One of the most famous race riots happened in Tulsa, Oklahoma. On the thirty first of May till the first of June in 1921, a handful of white people attacked an African American community. The Tulsa Riot started in an attemptRead MoreThe Bombing Of America s Black Wall Street Essay1538 Words   |  7 Pages The bombing of America’s Black Wall Street The events that took place in Greenwood, Oklahoma on the 31 of May 1921, was a holocaust in Black American history. Present day African Americans still cannot get past this horrible memory that their ancestors experienced because there was no atonement nor acknowledgement by the American government. The suburb of Tulsa christened â€Å"Little Africa† was an advanced economically empowered black community. It could be described as the golden black community