Why Iran Supports the Syrian Regime

The Invention Of The Light Globe - 1149 Words

The Light Globe, since its early invention, has quickly become one of the basic essentials of the modern technological world we know of today. The multiple sources that are credited for the creation of this fundamental force have made a major breakthrough in the way we as humans perceive our society and how it works. Nowadays, we must acknowledge the basic element that is light, the agent that stimulates sight and allows visibility, and not take the invention of the light globe for granted. In this essay, I will be outlining the contributing factors such as the Inventors, When, Where and How the Light Globe was created, What problems this invention solved and the Impacts on the Economy, the people living throughout the Industrial Revolution, the Impacts on the existing industries and the long term effects of the invention of the Light Globe. There are a various range of inventors that assisted in the creation of the Light Globe. Although, many sources only worked with small aspects such as electric batteries, lamps and developed the bulbs. The first contributing inventor was Alessandro Volta, an Italian scientist, who invented the electric battery which was capable of generating flowing electricity through a circuit. The next was Humphry Davy who created the first Electric Light Globe, also known as the Arc Light, in 1809. He connected two wires to a battery and a charcoal strip which resulted in the bulb to glow. Next, was Hans Christian Oested, a Danish scientist, who madeShow MoreRelatedThe Light Globe1152 Words   |  5 PagesThe Light Globe The Light Globe, since its early invention, has quickly become one of the basic essentials of the modern technological world we know of today. The multiple sources that are credited for the creation of this fundamental force have made a major breakthrough in the way we as humans perceive our society and how it works. Nowadays, we must acknowledge the basic element that is light, the agent that stimulates sight and allows visibility, and not take the invention of the light globe forRead MoreImpact Of Technology On Society s Society Essay1549 Words   |  7 Pageshave the ability to travel whenever and to wherever they please, whether be it for pleasure or work. Communication with friends and family across the globe happens instantaneously with a simple click of a button. The movement of resources and products occurs around the world daily and items that were at one time based in a location across the globe can be delivered and on hand the next day. Global transportation, communicatio n and trade create an immense network, which ultimately shrinks the worldRead More Thomas Edison Essays1451 Words   |  6 Pageshe stated to paten his first invention the vote recorder. After his first invention he started to invent other useful things that will change the world. In the end Thomas Edison has patented 1,093 inventions where he was nicknamed The Wizard of Menlo Park. He believed in hard work, sometimes working twenty hours a day. Edison was quoted as saying, Genius is one percent inspiration and 99 percent perspiration. In tribute to this important American, electric lights in the United States were dimmedRead MoreJohn D. Rockefeller Vs. Thomas Edison1545 Words   |  7 PagesThomas Edison created thousands inventions that have greatly helped the United States and other countries all around the world. Edison (1847-1931) was a well known inventor and businessman. One of the most well known inventions by Edison was the incandescent light bulb, which produces light by heating a wire with electricity. He also created the movie camera, phonograph and vote recorder which are just to name a few of the thousands of patents Edison had on his inventions. Rockefeller was born in RichfordRead MoreThomas Edison : The Greatest Inventor1516 Words   |  7 PagesEdison came about his very first unsuccessful invention which was a vote counter. Over the following course of years, following his first invention, Edison continued to invent or improve different inventions and with the Invention Solutions 2 money he received he set toward establishing the world’s earliest industrial-research lab for himself in Menlo Park, New Jersey. It was at this laboratory that he created one of his most original, and favourite inventions, the â€Å"Phonograph†, he was later on givenRead MoreDuring Nikola Tesla s Childhood1138 Words   |  5 Pagessource to make their lives easier. Without Nikola Tesla or Thomas Edison s invention, our lives would be much harder than it is today. Nikola Tesla was born in Smiljan, Croatia on July 9, 1856. He attended the Polytechnic School at Graz for four years and spent a year at the University of Prague (1879-1880). His first employment was in a government telegraph engineering office in Budapest, where he made his first invention, a telephone repeater, and conceived the idea of a rotating magnetic fieldRead MoreThe Future Of The Hoverboard Essay1030 Words   |  5 Pagesconvenient by using extra wheels and more inventions? Problem and Application: The new invention of the hoverboard has amazed people and this self balancing scooter is amusing. The hoverboard is a self balancing scooter that could be dangerous or hard to use. I think that people want to make the it easier to use and more convenient. It is important to make a new innovative hoverboard because the the original hoverboard causes many injuries and the new invention will prevent those injuries. SecondlyRead MoreBringing Electricity to the Masses Essay961 Words   |  4 PagesIt was not very long ago that as night descended the cities, towns, and homes of the world fell into darkness as well. Lit by candles, oil lamps, gas lamps, and open flame, the light put off by these flames was not very bright and also had the down fall of producing fumes, smoke, and ash. â€Å"The electric light was little more than a novelty for the wealthy and only had small scale applications where only a few bulbs would be needed.† (Flatow 11) If we think about how dependent on electricity we areRead MoreThe Achievements of the Tang and Song Dynasties Essay1154 Words   |  5 Pagessoon realize that most often, these technological advancements did not just â€Å"poof† into existence, but are usually the outcome of building upon yesterday’s technology. If we follow this cycle back into time, we can attribute almost any modern day invention to an ancient civilization during i ts golden age. China was no exception. China’s Song and Tang dynasties fostered scientific advances comparable to Rome’s during its Pax Romana. The most significant and impacting of these were the development ofRead MoreInventions Of Gunpowder And Its Inventions Essay1411 Words   |  6 PagesInvention of Gunpowder and its inventions The innovation of Explosive was a mix-up. The objective that was attempting to be accomplished was to make a blend/ mixture for eternity life. It wound up being the direct opposite of that , rather they made a blend for death that is as yet utilized today in numerous things and ways. Gun powder became to be known as black powder. The makers of black powder were Old Chinese chemists. The chemists get a kick out of the chance to test things so they started

Corporate Finance Free Essays

There is nothing like optimum capital structure for a firm. The Optimal Capital structure is that Capital Structure at which the weighted Average cost of capital (Ko) is Minimum. It is that combination of Equity and Debt at which the total cost of capital is mini-mum. We will write a custom essay sample on Corporate Finance or any similar topic only for you Order Now Trade-off theory argues that there’s an optimal amount of debt of each firm. At this level of debt, firms can take the most advantage of debts. Debts can be tax shield so that they can save money for firms to reinvest in other projects so as to earn more profits. However, debts can be quite dangerous because highly leveraged firms may face bankruptcy and financial distress costs (no matter they’re direct or indirect) may increase the cost of debt of the company. Therefore, there must be a level of debt that make the benefits of debt and potential danger of debt offset each other. In another word, the marginal revenue of debt equals the marginal cost of debt. But remember, the real cases are not as easy as we put here. When a firm procures funds from investors or owners, there will be an explicit or implicit promise to pay return to them. The return is paid in terms of interest which is compulsory paid to all investors and owners, but the return paid to owners in the form of dividends is optional. The dividend decision by any firm, like the investment and financing decisions is also taken for maximization of market price of the share. The term dividend refers to that the portion of profit (after tax) which is distributed among own-ers/shareholders of the firm and the profit which is not distributed is called as retained earnings Dividend Payout Ratio is determined by the dividend policy adopted by the company, and it is im-plemented to decide about the percentage of profits to be distributed by the firm to its own-ers/shareholders. Dividend is always depends on the total profit that a firm acquired after taxes. There are a few factors that affect the Dividend policy of a company. They are Liquidity , Growth Plans and Control Dividend Payout Ratio is also called as DP Ratio which is a mathematical value as DP Ratio = Dividend paid to the Shareholders / Net Profit after tax. Capital Structural Theories Capital structural theories are designed with a concept of valuation of the firm; it is the earnings of the firm and the investments made by the firm. Capital Structural Theories also used to find the dividend pay-out for its owners/shareholders. Cost of the capital, investment and return on investment (ROI) are a part of dividend policy. The relationship between leverage cost of capital and the value of the firm can be analysed in different ways. Factors determining Capital Structure are minimization of risk, control, flexibility and the profitability of the firm. A firm’s capital structure is a combination of the firm’s liabilities (debts) and the assets (equity and profits). For Example: A firm with 100 billion as capital structure has 40 billion from equity (shareholders and owners) and the 60 million as debt (Loans and Funding), then the firm is said to be 40% – equity fi-nanced and 60% – debt financed. . Traditional Theories Net Operating Income (NOI) approach is just an opposite of NI approach. According to the NOI ap-proach, the market value of the firm depends upon the net operating income or profit and the overall cost of capital. NOI approach is based on the argument that the market values the firm as a whole for a given risk complexion. Thus, for a given value of the firm remain the same irrespective of the capital composition and instead on the overall cost of capital. Mathematically Net Operating Income (NOI) is Value of the Firm = Earnings before Tax / Cost of Equity Capital Net Operating Income approach says that an increase in debt proportion of the capital source will always result in increase of the equity proportion of the firm. Modigliani-Miller Model Modigliani-Miller model which was presented in the year of 1958 on the relationship of leverage, cost of capital and the value of the firm. This is widely used capital structure method to analyze the value of the firm. They have shown that the financial leverage doesn’t matter and the cost of capital and the value of the firm are independent of the capital structure. Modigliani-Miller methods show that there is nothing which may be called as Optimal Capital Structure – to get high valuation of the firm. Modigliani-Miller model is based on following assumptions: 1. The capital markets are perfect and complete information is available to all the investors free of cost. The implication of this assumption is that investors can borrow and lend funds at the same rate and can move quickly from one security to another, 2. Securities are infinitely divisible; Investors are rational and well informed about the risk-return of all the securities. Modigliani-Miller model says that the total value of the firm is equal to the capitalized value of the operating earnings of the firm. The capitalization is to be made at a rate appropriate to the risk class of the firm. Growth Plans, are involved in capital structural theories in which a certain amount will be allocated for the growth plans. A finance manager should draw a plan according for the dividend policy. For Example: The firm has $10 million as equity capital and $6 million as debt capital and the firm made a profit (after tax) of $2 million, and the fund allocated to the growth plan was $1 million. For suppose there are 10,000 shareholders in the company and as per capital structural theories some amount will be allocated for the liquidity that is five hundred thousand and the remaining amount should be distributed as Dividends. In this case each shareholder or the owner will receive $50 as dividend. Capital structural theories say that if a firm is in profit and it is looking to expand the business, the profit can be rolled over to the investment option. In this case there will be no dividends or bonuses issued to the shareholders or the owners. For Example: Low-payout consequences, which is done when the cash gets accumulated the finan-cial manager may be tempted to take on more projects that do don’t meet the minimum rate of return investments. If a firm has $1 million as operating income with 1000 shareholders and firms adopts to take new projects with the profit. Then this may cause unrelated relationship balances between the share-holders and the management of the firm. Optimal Capital Structure: Even though Modigliani-Miller Model says that there is nothing like Opti-mal Capital Structure, but the non-traditional methods say that a firm can attain profits only by im-plementing Optimal Capital Structure. Some firms adopt this capital structure to minimize the risk, flexibility on the investments and the profitability. The finance manager should be able to identify that optimal point (profit point) for the firm precisely, but not to attempt to track the optimal range for the capital structure. Optimal Capital Structure differs from different firms, Existing Firm and a New Firm. For Example: Existing Firm may require additional capital funds for meeting the requirements of growth, expansion, and diversification or even for working capital management. The decision for a particular source of funds is to be taken in the totality of capital structure, i. e. n the light of the re-sultant capital structure after the proposed issue of capital or debt. The Capital Structure of the new firm is designed in the initial stages of the firm and the financial manager has to take care if many considerations, the present capital structure be designed in the light of a future target capital structure. Future plans, growth and diversifications strategies should be considered and factored in the analysis, so optimal ca pital structure greatly influences the divi-dend policy of any firm, depending upon there capital structure. Broadly speaking the dividend policy can be determined by two basic analyses required to find the valuation of the proposed capital structure of the firm, i. e. one from the point of view of profitability and another from view of liquidity. Capital structure will always determine the profits of the firm and the development of the firm. Equity and Debt capital are well managed by the capital structure of the firm. A well designed capital structure will have a very good impact on the dividend policy of the company. How to cite Corporate Finance, Essay examples Corporate Finance Free Essays Consider a project to produce solar water heaters. It requires a $10 million investment and offers a level after-tax cash flow of $1. 75 million per year for 10 years. We will write a custom essay sample on Corporate Finance or any similar topic only for you Order Now The opportunity cost of capital is 12 percent, which reflects the project’s business risk. Suppose the project is financed with $5 million of debt and $5 million of equity. The interest rate is 8 percent and the marginal tax rate is 35 percent. The debt will be paid off in equal annual installments over the project’s 10-year life. A) Calculate APV. APV = NPV + PV of debt tax shield NPV = PV of cash flows – initial investment Initial Investment 10,000,000 Cash flows 1,750,000 Period 10 years Discounting rate12% PV of cash flows 9,887,890 using the PV function NPV (112,110) We now calculate the PV of debt tax shield Year Debt Outstanding at Start of Year InterestInterest Tax ShieldsPresent Value of Tax Shields 1 5,000,000 400,000 140,000 129,630 2 4,500,000 360,000 126,000 108,025 3 4,000,000 320,000 112,000 88,909 4 3,500,000 280,000 98,000 72,033 3,000,000 240,000 84,000 57,169 6 2,500,000 200,000 70,000 44,112 7 2,000,000 160,000 56,000 32,675 8 1,500,000 120,000 42,000 22,691 9 1,000,000 80,000 28,000 14,007 10 500,000 40,000 14,000 6,485 Total 2,200,000 770,000 575,736 NPV (112,110) PV of debt tax shield 575,736 APV 463,626 B) How does APV change if the firm incurs issue costs of $400,000 to raise the $5 million of required equity? With flotation cost , APV = NPV + PV of debt tax shield – flotation cost Flotati on cost 400,000 APV 63,626 How to cite Corporate Finance, Essay examples Corporate Finance Free Essays 1. Which one of the following is a means by which shareholders can replace company management? A. stock options B. We will write a custom essay sample on Corporate Finance or any similar topic only for you Order Now promotion C. Sarbanes-Oxley Act D. agency play E. proxy fight 2. Decisions made by financial managers should primarily focus on increasing which one of the following? A. size of the firm B. growth rate of the firm C. gross profit per unit produced D. market value per share of outstanding stock E. total sales 3. Which one of the following is the financial statement that shows the accounting value of a firm’s equity as of a particular date? A. income statement B. creditor’s statement C. balance sheet D. statement of cash flows E. dividend statement 4. Which one of the following is the financial statement that summarizes a firm’s revenue and expenses over a period of time? A. income statement B. balance sheet C. statement of cash flows D. tax reconciliation statement E. market value report 5. The percentage of the next dollar you earn that must be paid in taxes is referred to as the _____ tax rate. A. mean B. residual C. total D. average E. marginal EDCAE 6. The cash flow of a firm which is available for distribution to the firm’s creditors and stockholders is called the: A. perating cash flow. B. net capital spending. C. net working capital. D. cash flow from assets. E. cash flow to stockholders. 7. Canine Supply has sales of $2,200, total assets of $1,400, and a debt-equity ratio of 0. 3. Its return on equity is 15 percent. What is the net income? A. $138. 16 B. $141. 41 C. $152. 09 D. $156. 67 E. $161. 54 8. Beach Wear has current liabilities of $350,000, a quick ratio of 1. 65, inventory turnover of 3. 2, and a current ratio of 2. 9. What is the cost of goods sold? A. $980,000 B. $1,060,000 C. $1,200,000 D. $1,400,000 E. 1,560,000 9. The sustainable growth rate of a firm is best described as the: A. minimum growth rate achievable assuming a 100 percent retention ratio. B. minimum growth rate achievable if the firm maintains a constant equity multiplier. C. maximum growth rate achievable excluding external financing of any kind. D. maximum growth rate achievable excluding any external equity financing while maintaining a constant debt-equity ratio. E. maximum growth rate achievable with unlimited debt financing. 10. The internal growth rate of a firm is best described as the: A. inimum growth rate achievable assuming a 100 percent retention ratio. B. minimum growth rate achievable if the firm maintains a constant equity multiplier. C. maximum growth rate achievable excluding external financing of any kind. D. maximum growth rate achievable excluding any external equity financing while maintaining a constant debt-equity ratio. E. maximum growth rate achievable with unlimited debt financing. DEDDC 11. What is the present value of $1,100 per year, at a discount rate of 10 percent if the first payment is received 6 years from now and the last payment is received 28 years from now? A. $6,067. 36 B. $6,138. 87 C. $6,333. 33 D. $6,420. 12 E. $6,511. 08 12. The current yield is defined as the annual interest on a bond divided by which one of the following? A. coupon B. face value C. market price D. call price E. dirty price 13. Currently, the bond market requires a return of 11. 6 percent on the 10-year bonds issued by Winston Industries. The 11. 6 percent is referred to as which one of the following? A. coupon rate B. face rate C. call rate D. yield to maturity E. interest rate 14. Big Falls Tours just paid a dividend of $1. 55 per share. The dividends are expected to grow at 30 percent for the next 8 years and then level off to a 7 percent growth rate indefinitely. What is the price of this stock today given a required return of 15 percent? A. $67. 54 B. $69. 90 C. $72. 47 D. $77. 67 E. $78. 19 15. Hardwoods, Inc. is a mature manufacturing firm. The company just paid a $10 dividend, but management expects to reduce the payout by 9 percent each year, indefinitely. How much are you willing to pay today per share to buy this stock if you require a 15 percent rate of return? A. $34. 79 B. $37. 92 C. $38. 27 D. $41. 33 E. $42. 09 ACDDB How to cite Corporate Finance, Essay examples

Is Global Peace an Illusion free essay sample

Q. 6 Over several centuries, the collaborative goal of the world has been to attain the harmony, understanding and interdependent relationships between nations that brings peace, security and stability to the world. However, although global peace is attainable, much collaborative effort is needed to turn global peace into a reality, instead of living in a world of deception where global peace is merely a false belief. Therefore, the world aims to attain global peace via international efforts and individual contributions, to counter the problems that prevents global peace of being attained, such as due to the lack of understanding and collaboration between nations, as well as due to selfish demands and the lack of initiative from individuals to make it work. Some people may think that global peace is simply too good to be true due to the lack of collaboration and understanding between nations. As the people of different nations have their own set of ideologies and beliefs, this leads to conflicting ideologies between nations which could spark an international dispute such as in the case of the cold war which occurred between the United States of America which practiced capitalism, as well as the Soviet Union which practiced communism. We will write a custom essay sample on Is Global Peace an Illusion? or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page This vast difference in belief thus led to conflicts between the nations, which sparked feelings of hatred and resentment between the people of the two nations. This prevented the success of efforts to call for further global peace. Additionally, differing interests of the nation could lead to violence, as well as terrorism, such as in the case of the Bali Bombings in 2005 which involved a terrorist group, Jemaah Islamiyah (JI) of Al Qaeda. They bombed specific tourist sites in Bali to display their displeasure towards people of another nation, as well as to rebel against the newly adopted democratic practice. This led to great instability within the country, as well as many people from around the world to feel dubious about the Indonesians in general. This led to an even greater segregation as well as isolation of the Malay race and Muslim religion as they were thought to be terrorists, deterring the progress of the world to achieve global peace and harmony. Secondly, the lack of individual initiative to push for greater global peace leads to the inefficiency of the world to achieve global peace. As individuals make up the largest percentage of the country, they have arguably the most influence to ensure that efforts to achieve global peace are successful. Hence, individuals are the key driving force for the achievement of global peace, and not relying solely on governmental efforts. However, as many individuals are simply pushing the responsibility to the government, global peace cannot be achieved However, commendable efforts have been made by international organizations (IGOs) and governments to make global peace a reality, which includes international governmental organizations such as the United Nations (UN) and Association of Southeast Asian Nations (ASEAN). Such organizations aim to promote regional and international peace and stability, and to promote active collaboration and mutual assistance between countries which would foster stronger bonds, thus promoting harmony between nations. An example is when the UN started the United Nations Development Program (UNDP) to alleviate income inequality between nations to prevent conflict between nations due to growing income disparity between the rich and the poor. On 1 December 2000, the United Nations General Assembly also adopted a resolution on the role of diamonds in fuelling conflict, breaking the link between the illicit transaction of rough diamonds and armed conflict, as a contribution to prevention and settlement of conflicts. The ASEAN-Korea Summit in 2009 also contributed to greater understanding between the countries involved, and thus helped to bridge differences. Hence, international efforts by IGOs, along with the cooperation from respective governments, are able to pave the way towards attaining global peace and harmony by promoting mutual understanding between nations which would promote the forging of strong bonds between the nations, instead of conflicts due to differences in beliefs. In conclusion, although global peace is able to be attained, it is not able to be sustained for a long period of time. Global peace is also not able to be achieved universally as efforts to call for peace are inadequate as lack sufficient support from the people in the world. Thus, the ephemeral nature of peace inevitably causes global peace to be nothing but a false belief, seemingly attainable yet out of reach.