Principles of Corporate Finance Essay Example | Topics and Well Written Essays - 3250 words

Principles of Corporate Finance - Essay Example For example, the year 2008 witnessed a global financial crisis, which had a significant impact on the cash flows of firms that depend on banks for funding. Even if Timbercorp may not have been directly affected, it may have indirectly been affected by a reduction in demand for its products on a global scale as consumers find it difficult meeting up with payments. Secondly, the economic environment is constantly changing. Interest rates and exchange rates continue to change and this has an effect on Timbercorp’s financing and investment decisions. As earlier mentioned, the company is a leading participant in the agribusiness sector through the food and fiber industries and the land and water rights and infrastructure associated with these industries. The sector provides a lot of opportunities and threats. As far as opportunities are concerned, the agribusiness sector remains a crucial part of the global economy and it is estimated to be worth approximately US$5trillion. In addi tion to its importance for delivering food security, it also encompasses half of the world’s labor force and assets as well as 40% of consumer purchases. Global population is expected to grow to approximately 8.3billion by the year 2030. These developments will help boost demand for Timbercorp’s products. The company anticipates a 60% rise in the demand for food and fiber products by 2030. However, there are also challenges for the company. For example, the amount of arable land is declining and these may adversely affect the company’s ability to meet rising demand for its products. Other challenges facing the company include rising operational costs, limitations on the access of water resources, as well as rising oil and gas prices.  The company reports that high oil and gas prices had a material adverse impact on harvesting and transportation costs as well as on the costs of fertilizers.  

Contractors and Consultants Essay Example | Topics and Well Written Essays - 250 words

Contractors and Consultants - Essay Example Government contracting of tax collection services and legal services brings a set of benefits that are both economic and efficiency based. Maintaining a legal firm just to cater for government legal requirements would create an enormous financial burden on the government and in most cases lack efficiency. The government contracting for legal services ensures that the best representatives are acquired for the task at hand. Legal outsourcing is a reform resulting into a more efficient public service by the private sector (Joyce, 2013). Outsourcing of services that bear strong responsibilities to the public safety and those that can affect the Nation adversely is not morally right in the public interest. Some outsourcing activities result in moral degradation of the public while others threaten the diplomatic and safety measures of the government functioning (Joyce, 2013). Outsourcing the correction services has led to private- prison providers to push for mandatory minimum sentences and to sign contracts warranting to keep prison beds entirely filled (Joyce, 2013). This case is an example of a moral degradation where the correction system gets turned from a rehabilitation program to a financial endeavor. The case of Snowden, who worked for a private contractor, who leaked top-secret information affecting the national security is an example of why top government services should be maintained at government control (Joyce,

Department of Mechanical and Automotive Engineering Coursework

Department of Mechanical and Automotive Engineering - Coursework Example The flow through the pipe could either be laminar or turbulent and so the experiment will be directed to distinguishing the kind of flow. Flow should be started through the pipe being investigated. The pipe must have manometers installed on both ends of the region being investigated. The diameter of the pipe must be measured beforehand. The discharged fluid should be collected in an appropriate container that can aid volume measurement. A stop watch should be used to monitor the total time required for a certain volume to flow. Starting with an empty container, the fluid should be allowed to flow through the pipe into the container. The experiment should be timed sufficiently to read the manometers on both ends. The flow should be stopped when enough volume of fluid has been collected in the container for measurement. The time required for the total flow should be noted along with the total volume of fluid collected. These values will be used to generate the flow rate. The readings o n the manometers will be used to generate the total head loss value. At least ten distinct experiments must be carried out by varying the flow rate inside the pipe. Using the measurements above in the formula the Reynold’s number can be calculated as: R_e=Ï ud/ÃŽ ¼ And velocity as: u=4Q/(Ï€d^2 ) The velocity should be plotted against the head loss. If the head loss is proportional to the velocity then the flow is laminar while if the head loss if exponentially related to the velocity then the flow is turbulent. The Reynold’s number will confirm this investigation. The flow through the pipe could either be laminar or turbulent and so the experiment will be directed to distinguishing the kind of flow. Flow should be started through the pipe being investigated. The pipe must have manometers installed on both ends of the region being investigated. The diameter of the pipe must be measured beforehand. The discharged fluid should be collected in an appropriate container that can aid volume measurement. A stop watch should be used to monitor the total time required for a certain volume to flow. Starting with an empty container, the fluid should be allowed to flow through the pipe into the container. The experiment should be timed sufficiently to read the manometers on both ends. The flow should be stopped when enough volume of fluid has been collected in the container for measurement. The time required for the total flow should be noted along with the total volume of fluid collected. These values will be used to generate the flow rate. The readings o n the manometers will be used to generate the total head loss value. At least ten distinct experiments must be carried out by varying the flow rate inside the pipe. Using the measurements above in the formula the Reynold’s number can be calculated as: R_e=Ï ud/ÃŽ ¼ And velocity as: u=4Q/(Ï€d^2 ) The velocity should be plotted against the head loss. If the head loss is proportional to the velocity then the flow is laminar while if the head loss if exponentially related to the velocity then the flow is turbulent.... These strains may easily be measured using strain gauges. However, the empirical readouts from the strain gauges cannot be used directly at all because the values need to be calibrated first. The first step would be to determine the incremental loads that must be applied to the structure in question and also the maximum applicable load. The structural member that has been utilized to create the pin framework structure must be used to calibrate the strain gauge. A straight piece of the concerned structural member should be loaded incrementally following the pattern of loading outline above. Corresponding values of strain must be tabulated accordingly including the value of strain at no loading. Next the framework under investigation should be loaded using the same increments of load up to the maximum applicable load. The values of strain for the structural members of the framework should be noted off the strain gauges. The total set of readings must include the values for strain at no loading. The values of the calibration structural member should be utilized to calculate the calibration factor(s) for the strain produced versus applied load. Next the strain values of the actual framework being tested should be tabulated using the calibration factor(s) from above. The values of strain versus load can then be plotted for the framework in question. These plots can then be utilized to interpolate the loading values for given values of strain for any applied load. This experiment is based on the assumption that the loading of structural members lies within elastic limits and that the pins used to do not display excessive play or rigidity but are free to

Business Personal Statement Example | Topics and Well Written Essays - 750 words

Business - Personal Statement Example Controlling my emotions at the time was very difficult as losing that job was the first major problem I had encountered and it affected my self-esteem. I felt angry and frustrated, resulting in a lot of stress that really affected my relationship with my partner and closest friends. I was unable to control my anger and would often let it out on my friends, with some distancing themselves from me because of my negative attitude and bad temper. Several resources played an important role in helping me cope with the various issues that arose at the time. The first very important resource was prayer that really helped me to focus on my future options and forget the past negative experience. It also helped me cope with my feelings of anger, and anxiety as well as the various frustrations I experienced during that period I stayed jobless. Going in hand with prayer was my acceptance of the situation I was in at the time as this helped me to understand the position I was in and to identify the various steps I would undertake in order to get a new job. The second major resource was my mentor who helped me to understand that I was going through a normal phase of life that other successful people that I admire have passed through and were able to rise despite that hurdle in life. Mentorship is a very successful way of addressing and coping with change (Krayer and Lee, 78). My mentor was also very helpful in assisting me to find a ne w job by linking me with new resource people and organizations. The third major resource was my family and friends who provided me with an encouraging environment during the period I was unemployed. My family offered both financial and emotional support that was very important to me at the time. Despite my negative attitude towards them, they were able to share with me their own experiences after they lost jobs and the various steps they undertook to cope with the loss as well as some of the necessary

Design Issues in the System (Security) Essay Example | Topics and Well Written Essays - 1250 words

Design Issues in the System (Security) - Essay Example The usability and accessibility guidelines have to be followed to develop easy to use software system. It is vital to balance the usability and security among the various design objectives. As per the given case study, the new system implemented in the restaurant has several issues related to the system security and user interface design. It is pertinent to highlight and review these issues include but are not limited to the locking up of the system after receiving four incorrect either username or password, the system screen automatically gets locked after three minutes of remaining idle, the locked screen can only be opened by the particular / logged in cashier and if the cashier is not available the system is required rebooting to log in any other cashier. These highlighted issues are due to the bad designing of the software application that can be removed or resolved by redesigning the software application. The implemented software application has software design issues include: the system has a design flaw of locking up the system either by inserting incorrect password or leaving the system idle for some time; the system rebooting is a major software design flaw which wastes time as well as irritates the users. (Payne and Edwards, 2008). Design Issues Solution The design issues in the deployed software application can be determined by an analysis the design issues and planning the new software design or redesigning the existing software application. There are few guidelines need to be considered while redesigning the currently deployed software application to remove the above highlighted design issues. These guidelines include but are not limited to the locked system should have the capability to be logged in by just changing the username and password by any cashier, as currently the logged in cashier can only unlock the system. In this way, the manager would not be bothered every time the system is locked. Moreover, this design would remove the requiremen t of rebooting the system, as the system can be unlocked by any cashier after entering his / her correct login name and password. The software application’s security breach can be avoided by following another guideline for securing the software application by implementing security certificates for all the users (cashier / manager / administrator). Software Design Plan The tasks for redesigning the software implemented in the restaurant may include: the analysis of the existing software (highlighting key issues), redesigning of software application keeping in view the highlighted issues, building up a prototype, performing user testing, feedback from the user, prototype refinement and these tasks lead to the final product. The above mentioned tasks need to be performed by the team keeping in view that the existing software has to be modified to correct the design issues, the software should adopt new hardware, the interface of the software has to be upgraded, and overall impro ving the performance of the software application. The information observed / identified through the analysis of the existing software application should be properly utilized in the implement new software application or modifying the existing software application in such a way with increased security and highly usable software applied. The software testing and validation procedures need to be developed for testing of the software application with objectives to remove the existing design issues. Documentation is one of the key factors in the success of any software application development; therefore, it should be performed properly and document version should be maintained. After

Reflect on the alignment between your skills and attributes and those Essay

Reflect on the alignment between your skills and attributes and those required in commonwealth bank of the accounting profession - Essay Example There is an array of environmental characteristics to which an accountant working with Commonwealth Bank is exposed to. Some of the major operations taking place at the Bank are private and business banking, enterprise and group services, dealing with markets and institutional banking, retail banking service and wealth management. No matter what kind of environmental traits an accountant is exposed to his skills and attributes must be always aligned. To work as an accountant at the Commonwealth Bank one need to have some professional skills as well as some expertise in his or her respective field. In addition to having the basic accounting skills the accountants must also have some other essential skills such as being computer literate and possessing in depth understanding of spreadsheets. As an accountant at Commonwealth one has to deal with petty cash, the investments and bank accounts of other people, so it is necessary that he or she is trustworthy and honest. It is important that the accountant adheres to all the organizational and accounting policies. Commonwealth Bank likes to include individuals in the firm that are good at multitasking. The Commonwealth Bank also likes to include fresh graduates as interns in their team. The reason the Bank likes to welcome new talent is because it wants that minds with new and innovative idea should be the part of the organization and come up with creative new ideas. The firm does not desire for graduates having much experience as interns. All they are looking for are interns willing to work and learn with the bank on a contractual basis. All they require to have is the basic accounting knowledge and computer and presentation skills. Commonwealth Bank may ask its accountants to lead teams for various important projects. They are also required to oversee projects and enforce the policies of the Bank. It will be an advantage for the Bank if the accountant possesses strong communication skills as it will be

Free topic Research Paper Example | Topics and Well Written Essays - 1500 words

Free topic - Research Paper Example However, the power of mythology evolves from its capability to communicate the existing requirements for identity within a human society (Williams, 2-3). The cultural as well as religious identity related to Hinduism is considered as quite broad. In Hindu mythology, there are more than 330 million role models that are most likely to validate the person’s identity who have been framed in pace with the developing mankind since ancient times (Doyle, â€Å"Hindu Mythology†). Thesis Statement Two short stories have been considered in the discussion henceforth, i.e. the Story of Yayati and the Incarnation of Vishnu as a Fish with the sole intention to obtain a better knowledge regarding the linkage of cultural values, philosophies and beliefs perceived by Indians with Hindu mythology. Hence, the chief objective of the discussion will be to obtain a better in-sight to the rudiments of Hindu mythology. Rudiments of Hindu Mythology Being the ancient most religion, Hindu mytholog y presents a rich culture along with some distinct but highly valuable principles of human life which can bring integrity and prosperity within the mankind. As the inherent values, ethos and principles of human culture are practiced as a complex purpose, various stories have been described in Hindu mythology rendering a comprehensive understanding of morality and justness within human society. One of the rudiments of Hindu mythology depicts that women play a dominant role as Shakti possessing the power of creation as well as destruction (Goel, â€Å"The Sacred Feminine in Hinduism†). As demonstrated in Ramayana, Kaikeyi (the third wife of King Dasharath) and Manthara (Kaikeyi’s maid) played the fundamental roles to cause the exile of Rama from Ayodhya which certainly caused destruction at the primary view, but for a greater good, i.e. the death of Ravana. Again, in the Story of King Yayati, Devyani (the daughter of sage Shukracharya) was shown imposing a direct impact on the decision making of her father causing the curse of King Yayati (Joshi, â€Å"The Story from Mahabharata†). Another rudiment of Hindu mythology emphasizes on the aspect that there is one ‘Supreme Soul’, God who is the creator and destructor of the cosmos. He is one who preserves the mankind and also punishes them according to their deeds (Hindu Wisdom, â€Å"Symbolism in Hinduism†). This particular belief can be observed apparently with reference to the story of Matsaya Avatar by Lord Vishnu. Matsya Avatar by Lord Vishnu is thought to have taken place in Satya Yuga when the Lord destroyed the life on earth due to the unsystematic and unjust practices of human kind (Purucker, â€Å"Section 4: Galaxies and Solar Systems: their Genesis, Structure, and Destiny†). It can be stated that the ‘Law of Karma’ is basic principles of Hinduism. Karma tends to generate its fruits in the form of pain as well as pleasure. It can be observed from the story of Yayati that King Yayati had been cursed by Shukracharya because of King’s own Karma or deeds to have a secret relationship with Sharmishtha. Furthermore, the ‘Law of Karma’ has also been reflected in the story of Matsaya Avatar where the demon, Hayagriva was defeated by Lord Vishnu owing to his deed of stealing the precious Vedas and hampering the creation of life on earth (Sivananda, â€Å"Hinduism†). The Matsya or Fish Avatara According to the Satapatha Brahmana, a Hindu sacred text