Annuity And Sinking Fund - Solution is Just a Click Away

Question: Discuss about the Annuity and Sinking Fund? Answer: The plan is to expand Vinyl Fence Company within the future emulated by the purchase of a new facility of the warehouse for attaining the goal. The insurance company offers two options of the attractive investment i.e. an ordinary annuity and an annuity that is due, which compounds quarterly and pays 8 percent interest on an annual basis within a five year period. The five year budget would incorporate a savings of up to $2500.00 per quarterly basis. It is further realized that there would be a need to replace a fence post i.e. a molding machinery which would be selling for $45000. I have estimated that I will to purchase this machine within 3 years and Im planning on saving for such purchase utilizing a sinking fund compounding on a semiannual basis and hence have a earning of around 12 percent annual rate. Annuities are a series of fixed payments to be paid to a person, business or an individual and a business over a certain time frame. Commonly, these payments are made bi-annually, yearly, quarterly or on a month-to-month basis. Future value of an ordinary annuity: $60,742.50 Future value of annuity due: $65,601.90 The annuity due option would be a better choice, annuity due accumulates interest one more period more than the ordinary annuity, but has the same number of payments (Cleaves, et.al, 2014, p. 504). A sinking fund is a fund that is set up by a party to use for a specific purpose at a future date. In this case the sinking fund is for a fence post molding machine. Calculation of sinking fund: PMT = FV(R/1+R)^n-1) R = 12%/2 = 0.06 periodic interest rate N = 3(2) = 6 FV = 45,000 = 45,000 x (0.06/1+0.06)^6-1) =$6451.32 The longer-term warehouse annuity option chosen gives the business savings of $4859.40 from the other option. Compared to the short-term timeframe ad higher interest rate of the sinking fund, the remaining savings can be channeled to a savings fund in anticipation of a savings fund to be made in the long term from the annuity method chosen. The expansion of a building will mean that more revenue streams will be generated for the company. There is also likely of reaching new markets and diversifying the portfolio of the business. But with the expansion, efficiency and being able to meet the needs of the expanded market reach will be crucial for the thriving of the business. For the moment, the fence post -molding machine is still functional but will reach its useful lifespan in the near future. It will be wise foe the business to focus on what will make it better when it expands like saving for a new machine and acquiring extra warehouse space. In order to prioritize the purchases a plan is important. The business will need to identify the kind of revenues it will expect to generate after expansion to see if it can be able to raise the required payments for the machine can be purchased through help in financing and the extra revenues generated from the expansion of the business subjected towards the semi-annual payments. Reference Cleaves, C, Hobbs, M, Noble, J (2014) Business Math. 10th Ed. Pearson

Motion Lab Conclusion free essay sample

The purpose of this Motion Lab was to find the acceleration of a steel marble going down a straight track six different times to figure out how an object’s mass affects acceleration. It doesn’t due to Newton’s second law of motion. There were six different accelerations for each trial and they are: 7. 88 m/s squared, 6. 78 m/s squared, 6. 07 m/s squared, 5. 57 m/s squared, 4. 32 m/s squared, and 5. 11 m/s squared. It’s possible to use any two points to figure out and calculate acceleration due to gravity. Sir Isaac Newton used the word â€Å"mass† as a synonym for â€Å"quantity of matter. † Today, we precisely define mass as a â€Å"measure of inertia of a body. † The more mass an object has the more difficult it is to change it’s state of motion, whether it is at rest or moving without net force acting on that body. In other words, without an outside force a body will remain still if still, if moving, keep moving in the same direction at a constant speed. We will write a custom essay sample on Motion Lab Conclusion or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page The acceleration of an object is directly proportional to the net force acting on it and is inversely proportional to its mass. Also, the direction of the acceleration is in the direction of the net force acting on the object. Mathematically, this proportionally. In other words, if the mass is constant, the force and acceleration are directly proportional which is corresponding in two states. To calculate the acceleration of the ball at the time of impact, subract the ball’s initial speed (which is zero) from it’s final speed and divide by the time it took to hit the targer. In this lab, acceleration is independent of mass, but does depend on diameter (since the ball is rolling, not sliding or free-falling) the force imparted to the target ball had (about) the same acceleration, but different masses. One of the possible conditions of motion used is: Rest, from the steel marble starting at the top of the inclined track at 0 then rolled down, causing another condition of motion; acceleration due to the time it took the marble to fall down from the incline of the track. And the last possible condition of motion is net force, which the direction of the acceleration is in the direction of the net force acting on the object. As for my sources of error; I made mistakes by changing my last two positions of photogate b too far but I went back to the pattern I was using before it was too late to turn it in, as you can see. So I don’t have any but next time I will pay closer attention and try not to do something off the wall to mess up my calculations or graph. An object at rest will stay at rest, forever, as long as nothing pushes or pulls on it. An object in motion will stay in motion, traveling in a straight line, forever, until something pushes or pulls on it. The â€Å"forever† part is difficult to swallow sometimes. But imagine that you have three ramps set up, also imagine that the ramps are infinitely long and infinitely smooth. You let a marble roll down the first ramp, which is set at a slight incline. The marble speeds up on its way down the ramp. Now, you give a gentle push to the marble going down uphill on the second ramp. It slows down as it goes up. Finally, you push a marble on a ramp that represents the middle state between the first two – in other words, a ramp that is perfectly horizontal. In this case, the marble will neither slow down nor speed up. In fact, it should keep rolling.

Importance of Jade in Chinese Culture

Importance of Jade in Chinese Culture Jade is a metamorphic rock that is naturally colored green, red, yellow, or white. When it polished and treated, the vibrant colors of jade can be extraordinary. The most popular kind of jade in Chinese culture is green jade, which has an emerald hue.   Called 玉 (yà ¹) in Chinese, jade is important to Chinese culture because of its beauty, practical use, and social value. Here is an introduction to jade and why it is so important to Chinese people. Now when you browse through an antique shop, jewelry store, or museum, you can impress your friends with your knowledge of this important stone. Types of Jade Jade is classified into soft jade (nephrite) and hard jade (jadeite). Since China only had soft jade until jadeite was imported from Burma during the Qing dynasty (1271–1368 CE), the term jade traditionally refers to nephrite, and so soft jade is also called traditional jade. In preColumbian America, only hard jade was available; all Native American jades are jadeite. Burmese jadeite is called feicui in Chinese. Feicui is now more popular and valuable than soft jade in China today. History of Jade Jade has been a part of Chinese civilization from the earliest days. Chinese jade was used as a material for practical and ornamental purposes at an early period in history, and it continues to be very popular today. The earliest Chinese jade is from the early Neolithic period Hemudu culture in Zhejian Province (about 7000–5000 BCE). Jade was an important part of ritual contexts in the middle to late Neolithic periods, such as the Hongshan culture that existed along the Lao River and the Liangzhu culture in the Tai Lake region (both date between 4000–2500 BCE). Carved jade has also been found in sites dated to the Longshan culture (3500–2000 BCE) by the Yellow River; and the Bronze age cultures of Western and Easter Zhou dynasties (11th–3rd centuries BCE). In  Ã¨ ª ªÃ¦â€"‡è § £Ã¥ ­â€" (shuo  wen  jie  zi), the first Chinese dictionary published in the early second century CE, jade was described as beautiful stones by the writer Xu Zhen. Jade has been a familiar substance in Chinese culture for a very long time. Uses of Chinese Jade Archaeological artifacts of jade include sacrificial  vessels, tools, ornaments,  utensils, and many other items. Ancient music instruments were made out of Chinese jade, such as the yuxiao  (a flute made of jade and played vertically), and chimes. The beautiful color of jade made it a mysterious stone to the Chinese in ancient times, so jade wares were popular as sacrificial vessels and were often buried with the dead. One example of the ritual importance of jade is the burial of the body of Liu Sheng, a prince of the Zhongshan State (Western Han Dynasty) who died around 113 BCE. He was buried in a  jade suit  composed of 2,498 pieces of jade stitched together with gold thread. Importance of Jade in Chinese Culture Chinese people love jade not only because of its aesthetic beauty but also because of what it represents regarding social value. In the Li Ji (Book of Rites), Confucius said that there are 11 De, or virtues, represented in jade: benevolence, justice, propriety, truth, credibility, music, loyalty, heaven, earth, morality, and intelligence. The wise have likened jade to virtue. For them, its polish and brilliancy represent the whole of purity; its perfect compactness and extreme hardness represent the sureness of intelligence; its angles, which do not cut, although they seem sharp, represent justice; the pure and prolonged sound, which it gives forth when one strikes it, represents music. Its color represents loyalty; its interior flaws, always showing themselves through the transparency, call to mind sincerity; its iridescent brightness represents heaven; its admirable substance, born of mountain and of water, represents the earth. Used alone without ornamentation it represents chastity. The price that the entire world attaches to it represents the truth. Book of Rites In the Shi Jing  (Book of Odes), Confucius wrote: When I think of a wise man, his merits appear to be like jade. Book of Odes Thus, beyond monetary worth and materiality, jade is greatly prized as it stands for beauty, grace, and purity. As the Chinese saying goes: gold has a value; jade is invaluable.   Jade in the Chinese Language Because jade represents desirable virtues, the word for jade (yu) is incorporated into many Chinese idioms and proverbs to denote beautiful things or people. For example, å† °Ã¦ ¸â€¦Ã§Å½â€°Ã¦ ´  (bingqing yujie), which directly translates to clear as ice and clean as jade is a Chinese saying that means someone is pure and noble. ä º ­Ã¤ º ­Ã§Å½â€°Ã§ «â€¹ (tingting  yuli) is a phrase used to describe something or someone that is fair, slim, and graceful. Additionally, 玉å ¥ ³ (yà ¹nÇš), which means jade woman,  is a term for a lady or beautiful girl.   A popular thing to do in China is to use the Chinese character for jade in Chinese names. The Supreme Deity of Taoism is known as Yuhuang  Dadi (the Jade Emperor). Chinese Stories About Jade Jade is so ingrained in Chinese culture that there are famous stories about Jade (here called bi). The two most famous tales are He Shi Zhi Bi (Mr. He and His Jade or Hes Jade Disc) and Wan Bi Gui Zhao (Jade Returned Intact to Zhao). The stories involve a man named Bian He and a piece of jade that eventually became a symbol of united China. He Shi Zhi Bi tells the story of Mr. He and how he found a piece of raw jade and tried to give it to two generations of kings, but they didnt recognize it as valuable and cut off his feet as punishment for trying to pass off an unworthy stone. Eventually, the grandson of the first king finally had his jeweler cut the stone open and found the raw jade; it was carved into a disc and named after Mr. He by that grandson, Wenwang, the king of the Chu State, around 689 BCE. Wan Bi Gui Zhao is the follow-up story of this famous jade. The carved disc was subsequently stolen from the Chu State and eventually ended up owned by the Zhao. The king of the Qin State, the most powerful state during the Warring States Period (475–221 BCE), attempted to buy the jade disc back from the Zhao State in exchange for 15 cities. (Jade is known as ä » ·Ã¥â‚¬ ¼Ã¨ ¿Å¾Ã¥Å¸Å½, Valued at multiple cities because of this story.) However, he failed. Eventually, after some amount of political chicanery, the jade disc was returned to the Zhao State. In 221 BCE, the emperor Qin Shi Huangdi conquered the Zhao state, and as the ruler and founder of the Qin dynasty, he had the disc carved into a seal representing the new united China. The seal was part of the royal stores in China for 1,000 years before being lost during the Ming and Tang dynasties. Source Wu Dingming. 2014. A Panoramic View of Chinese Culture. Simon and Schuster.

Heres a Format to Use for Your Law School Resume

Heres a Format to Use for Your Law School Resume Your  law school resume  can be one of the most important parts of your application and you probably already know it shouldn’t follow the same format as a general resume for employment. You want to give the admissions council the best summary of your most important work, experiences, and skills.   Below youll find a general template for you to follow when writing your law school resume, but remember, before you start writing, you should always ask yourself some  basic information-gathering questions  so you’re all set up to just fill in these categories. Consult your pre-law advisor and your college’s career services center if you have any questions and make sure several people review your resume. Also, feel free to play around with the titles of categories as well as the order; if something doesn’t make sense to include in your resume, or if you feel something else should be highlighted in a different way, don’t be afraid to make your law school resume fit your qualifications after all, it is yours and should put your achievements in the best possible light. For example, if you speak ten languages, you should think about having a whole section simply called â€Å"Languages† to make that stand out. If you’ve consistently held leadership roles in organizations, you may choose to create a category entitled â€Å"Leadership.† Main Categories of Law School Resumes Education List the college institution, location (city and state), degree or certificate earned including areas of study, and the year you earned it. If you didn’t earn a degree or certificate, list the dates of attendance. You should also include study abroad experiences here. You may also list your GPA and GPA in your major for each institution attended (especially if higher than your overall GPA); you can also include your class rank, but only if it will look impressive (anything lower than top 30% probably doesn’t need to be included). Honors Awards List any honors and awards you have achieved and what year you earned them. Don’t list high school or high school achievements unless they’re extraordinary like you were in the Olympics and if you were in the Olympics, you might consider having a whole other section just on your athletic career as you probably have received other related awards as well. Employment, Work Experience, or Experience List your position, the name of the employer, location (city and state), and the dates you were employed there. If it was a part-time position during school, list the number of hours you worked per week, but not if it was only two or three. Also list your job duties under each one, making sure to note any recognition or special achievements (for example, increased sales by 30% in your first year as a section manager, etc.). Quantifying your work for each organization, if possible, makes it easier for admissions to see how and what you contributed. Always start your job descriptions with strong action words (directed, lead, mentored, organized, etc.) to convey purpose and direction. Skills, Achievements Other Activities In this section, you can list foreign languages, membership in other organizations, and basically anything else you’d like to highlight in your experiences that haven’t yet made it onto your law school resume. Some applicants use this section to list their technical proficiencies including any computer programs they have experience with. This is one of the sections you may consider renaming according to your personal experiences.

Imprisonment in Recent Financial Collapse Assignment - 1

Imprisonment in Recent Financial Collapse - Assignment Example The situation resulted in heightened joblessness and social insecurity. Restoration of financial strength required intervention by respective governments as in case of United States it was the Bush administration who responded with a financial relief program for major firms, â€Å"The Troubled Asset Relief Program, or TARP -- to provide these financial institutions with funds to survive the turmoil that they had helped unleash. It was a distasteful but necessary thing to do.† (Obama, 2010). Yes, the intellectual crime can be termed a serious crime and the response should be tried and imprisoned but only if it was a deliberate crime that can be attributed to an individual or a group. However, if it is not the case and there is no one to take the burden of this heavy odd to world economy then we have to revisit our approach to the issue. The best response to an intelligence failure is to redress it intellectually. Recovery from the recent financial crisis, no matter to what an extent we have recovered, is also featured through the help of the same experts, intellectuals, and firms. If masses were troubled due to the worst financial slum of the history they also owe to the efforts of the financial experts who find a way out to restore and regain the financial strength. Nevertheless, if some organizations or individuals who were supposed to protect the financial integrity and economic structure and they could not meet the expectations can be interrogated for their failure to avoid any such mistakes in the future. Even then if some segments find it indispensable, a mechanism of penalty can be designed to intensify the sentence. That is what the American president has uttered a year ago while imposing a Financial Crisis Responsibility Fee, â€Å"And that is why, through this fee and broader reforms that we seek, our goal is not to punish Wall Street firms, but rather to prevent the abuse and excess that nearly caused the collapse of many of these firms and the financial system itself.† (Obama, 2010).

Costco Wholesale Corporation Case Study Example | Topics and Well Written Essays - 2250 words

Costco Wholesale Corporation - Case Study Example Though less readily measurable, it is apparently accompanied by a shrinking of activities for the few remaining general merchandising wholesalers and a loss of sales for small stores carrying women's and children's apparel, particularly in low and medium-quality lines. Costco is a closed-door store which allows only "members" access to the store through membership eligibility as defined by rather broad classifications of government employees, teachers, union members, or employees of government contractors (see Appendix 4). The chain carries a wide range of soft goods and apparel, but also gives major attention to furniture, appliances, food, and automotive supplies. Several of the closed door operations have recently opened their doors to the general public. "Examples of Costco's incredible annual sales volumes included 96,000 carats of diamonds (2006), 1.5 million televisions, $300 million worth of digital cameras, 28 million rotisserie chickens (over 500,000 weekly), 40 percent of the Tuscan olive oil bought in the United States, $16 million worth of pumpkin pies during the fall holiday season, $3 billion worth of gasoline, 21 million prescriptions, and 52 million $1.50 hot dog/soda pop combinations" (Thompson p. 2008, p. C5). Low operating margins achieved through volume sales and limited service expenditures for clerks, delivery, credit, and so on have allowed prices which average about 15% below those of the department stores and specialty shops with which discount stores compete in the sale of soft goods. Full-size food supermarkets are being established within many of the new large discount stores. Because of consumers' long experience in comparing food values between stores and because of the frequency of food store visits by the average family, these food departments are attractive to the soft-goods stores as traffic builders, and are frequently operated with planned narrow margins (or even planned losses) to maximize their drawing power (Costco Home P age 2008). Chief Elements of the Costco's strategy The uniqueness of Costco strategy is that it proposes advantages and benefits to its members only, except gasoline and beverage products. The closed-door stores depend primarily on word of mouth and on mail promotion to their members to publicize the attractive values offered. Costco does not make extensive use of advertising media to give publicity to the low prices and special values which they offer. Major retail innovations involve an "invention" of new means of performing the retailing function. They are dependent on concomitant developments in products, in physical handling technology, and in organization at the wholesale supply level; but, most important of all, they are dependent on changes in the income, location, and style of life of consumers (Drejer 2002). In contrast to other retailers, Costco proposes wide product rage: "Whereas typical supermarkets stocked about 40,000 items and a Wal-Mart Supercenter or a SuperTarget might have as many as 150,000 items for shoppers to choose from, Costco's merchandising strategy was to

An Effective Counsellor Essay Example for Free

An Effective Counsellor Essay Counsellors should continually assess their own feelings and needs to maintain an appropriate relationship with the client. There are issues that a counsellor should be aware of when doing a self-assessment; The counsellor should be aware of when they feel uncomfortable with a client or a topic being discussed. The counsellor must choose to either be honest with the discomfort of a situation or topic, or they may refer the client to another counsellor. The counsellor should be aware of their own avoidance strategies. The counsellor must be able to recognize when they avoid certain topics, or allow distractions and then find an effective way to facilitate help appropriately. The counsellor should be able to recognize when they are trying to control a situation. It is important that the counsellor engage in responsive listening so that theyre not controlling the communication process. The counsellor must remind themselves continuously that any issue being discussed has many perspectives and that theirs may be different, from that of the clients. It is important not to express whether the clients view is right or wrong. The counsellor must avoid being omnipotent. It is not the counsellors job to make the client better. It is the counsellors job to help facilitate the client in addressing and resolving the issues. It is also important that the counsellor identifies and responds to positive feelings, and that they dont just focus on negative ones. This provides balance for the client and allows them to amplify positive strengths in their lives. Lastly, the counsellor must keep in mind to never ask a question, or discuss a 1 topic that you would not be able to discuss in a similar situation. These issues should always be addressed when a Counsellor is engaging in a self-assessment. By completing a self-assessment I was able to address my values, skills, attributes and my interests. I identified that while I am not a judgemental person, I do hold values that if not addressed prior to a situation could cause myself to become close-minded and that would ultimately put a barrier up in my ability to help the client. I also was able to identify how I can use my skills and attributes to counsel my clients in a positive manner. I have identified that I try to find a positive in all situations but I dont ever be-little the seriousness of the topic at hand. With a self-assessment I am able to recognize when and how to communicate appropriately with a client. The individuals I support will be able to discuss issues with me and feel comfortable knowing that I dont judge or assume things about them. Both my verbal and non-verbal skills will make this evident to the client. As a registered Developmental Service Worker I could be taking on a role as a counsellor where self-assessment is crucial as it is important to be able to identify when or if I am not dealing with a situation or topic appropriately. I will use the skill of self-assessment in any other role whether that be taking on a position as a Personal Support Worker or working in a group home. It is important that I am able to identify my strengths and weaknesses when it comes to helping a client and that I am able to do so in a way that is prudent. It is also important to continually perform a self-assessment as situations change or evolve. A counsellor who understands how they communicate and who has self-awareness is likely to be more effective in helping the client, then those who are not aware of these issues. Counsellors who are able to identify aspects such as if a topic being discussed makes them feel uncomfortable, if the topic goes against their own values or beliefs, if it is causing different emotions in themselves and why that may be, if they are projecting these feelings and whether or not they are really listening to the 2 client. Continual self-awareness is crucial to the development of the counsellor and their ability to help the client.