environment is under constant threat as a result of modernisation

environment is under constant threat as a result of modernisation The environment is under constant threat as a result of modernisation, business activities, constant growth and development. All these are human activities that affect the immediate environment. The depletion in natural resources especially by the oil and gas companies such as the Pipeline Product Marketing Company (PPMC) has resulted in serious environmental impacts. Therefore, the need for sustainability and sustainable development cannot be overemphasized as it has become more important over the last two decades (Micheal Lan, 2000; Carbon Trust, 2008; Hahn, 2001; Cunningham et al., 2005). These accounts for the increasing pressure on governments to develop a response to a variety of problems which range from the use of natural resources to pollution control. In response, variety of environmental protection legislation and regulations were formulated with the aim of protecting the environment (Powley, 2004; IEMA 2005). The increase in natural resources consumption between 1961 and 1990 by 25% every 10 years resulted in serious environmental impacts in the form of acid rain. This leads to raising acidity in the soil and water thereby causing damage to forest crops, and freshwater fish and wildlife. Methane emission and mining waste, oil spills, air pollution by sulphur dioxide, nitrogen oxide and carbon dioxide as a result of burnt coal, oil or gas including climate change are also causes of environmental impacts (Micheal Lan, 2000; Edwards, 2000; Jaccard, 2005). PPMC is a subsidiary of the Nigerian National Petroleum Corporation owned by the Federal Republic of Nigeria. The company is involved in oil processing, production and marketing. PPMC was established to offer excellent customer services by transporting crude oil to the Nigerian three refineries as well as moving white petroleum products to existing markets. Its main objective is to profitably and efficiently market refined petroleum and petrochemical products in the domestic market as well as in the ECOWAS sub region and also provide marine services (PPMC, 2009). INVESTMENT PROJECT The PPMCs monitory and inspection department has 36 vehicles, a vehicle in each of the 36 states of Nigeria. The vehicles are used as official cars by staff in order to move in-between their offices, depot and filling stations and monitor and inspect their daily operational activities. Each car covers hundreds of kilometres daily due to the long distance between their office, filling stations as well as depots which are located far out of the city for environmental purpose. Every car consumes approximately 50 litres of petrol per day. However, it is environmentally unfriendly as they pollute the environment with carbon emissions. The company has set a target to drastically reduce or if possible to stop polluting the environment. Therefore, the senior management wants to accomplish a viable project with a length of 4 years, to improve their environmental performance and upgrade its corporate social responsibility. This project is expected to be a non-profit project that could bring ma ny savings to the company and return the initial investment in 3 years in order to avoid risk. The decision of expecting the payback period of 3 years was made by the senior management after careful consideration of the companys payback criteria which is 5yrs. PPMC has a standard of judging all its investments objectively, so as to determine whether the payback period is good or bad thereby passing an objective judgement as to know if the investment is worthy to be taken or not. Reducing or stopping the amount of petrol that is used during their daily activities, will support the company to obtain good corporate image and cost savings as each litre of petrol is N65 (Naira). In addition the company spends an average of N25, 000 monthly for maintenance on every car. PPMC is experiencing a great loss of resources as a result of this high petrol consumption every day there by polluting the natural environment. The vehicles have been used for approximately 6 years which has exceeded its guarantee period of 1 year. They are being used at maximum level as PPMC operates everyday including weekends and public holidays due to their nature of work and huge demand for their supply. The company is currently spending N52, 920,000 annually trying to main tain and fuel the old vehicles. The breakdown of these expenses is shown below: Annual cost of fuel and maintenance (Running cost). This includes running cost of fuel, repairs and monthly checks. Monthly cost of fuel = 50 x 36 x 30 x 65 = N3, 510,000 Annual cost of fuel = N3, 510,000 x 12 = N42, 120,000 Monthly cost of maintenance = N25, 000 x 36 = N900, 000 Annual cost of maintenance = N900, 000 x 12 = N10, 800, 000 Total Annual Expenditure = N42, 120,000 + N10, 800, 000 = N52, 920,000 In order to solve the above mentioned issues, PPMC management have decided to replace the old vehicles with brand new electric cars. These electric cars use neither petrol nor diesel, they have zero emission and their only by product is water. The car is known as Honda FCX Clarity, it is a Fuel Cell Electric Vehicle (FCEV). This vehicle has worn the world green car award, during the 2009 World Cars Awards in Newyork. This award has upgraded Hondas corporate image by exposing its commitment towards a green environment. In addition, Honda already has an excellent history of environmental leadership as they are known to be manufactures of low emission vehicles under an improved regulatory requirement (Honda, 2009). It is rated by the Union of Concerned Scientists (UCS) as the greenest auto maker for four different times in a row (UCS, 2007). The car generates electricity through the V flow fuel cell stack and stores it by the use of its highly efficient lithium ion battery, which helps recover energy. It also monitors electrical flow through its power drive unit and propels the vehicle (Honda, 2009). Honda FCX Clarity has an improved safety measures such as the Vehicle Stability Assist (VSA), Collision Mitigation Braking System (CMBS), six air bags and a unit body structure that is well reinforced. It also has a visual and audio alert which alert the driver in case of any potential collision. Another safety precaution programmed in the vehicle is the prompting of the driver by the automatic tug of the seat belt in case of an unavoidable accident it minimises the speed by breaking force to reduce the impact of collision. Furthermore, it has a very strong electric motor as well as groundbreaking new fuel cell stack. These safety measures have been tested by the United States Federal Safety Standards and it was a success story (Honda, 2009). The purchase of Honda FCX Clarity by PPMC will demonstrate the companys commitment towards the reduction of Co2 emission thereby protecting the environment. The company will also be recognised as the first to introduce zero emission cars to Nige ria and it will serve as a solution that could bring cost savings. Total cost of investment Number of cars to be purchased = 36 cars Cost of each car = N3, 000,000 Total amount to be spent on cars = N3, 00,000 x 36 = N108, 000,000 Cost of delivery (Shipping) = N300, 000 x 36 = N10, 800,000 Total cost of investment = N108, 000,000 + N10, 800,000 = N118, 800,000 Annual savings The investment is expected to save the annual cost of fuel and maintenance; N42, 120,000 + N10, 800, 000 = N52, 920,000 Since the vehicle also comes with a free maintenance package including running cost for 3years 6months in form of a guarantee, as it is a newly introduced vehicle. Honda Company is trying to advertise this environmentally friendly vehicle to the world and attracting customers by covering maintenance and running cost. This is better compared to the guarantee of the old vehicles which is only 1 year. N52, 920,000 will be saved in the first year, while in the subsequent years N1 per litre will be added due to the projected annual oil product price increment. Therefore the total cost of investment will save the annual cost of fuel and maintenance. It is important to note that N65 is the current price of the petrol in Nigeria. Investment appraisal is a technique used by managers to achieve their target. It is the duty of the manager to determine and prove the importance of the project (Akalu, 2001; Mulholland et al., 2003). Therefore, it is important in the planning of this particular environmental project. PAYBACK PERIOD The duration of time for the PPMC to gain its initiated investment of N118, 800,000 on implementation is known as the payback period (Layard Glaister, 1994). The period of time that cash inflows will become the same with cash outflows is also known as the payback period (ACCA, 2008). However, it does not consider time value for money which expresses that, amount saved today is much more valuable than the same amount saved in 2 years. This is considered as one of the greatest setback (Dury, 1997). Initial investment Annual savings Table 1 Payback period   Ã‚                                                            Cash flow                                              Cumulative cash flow Initial Investment                     (118,800,000)                                                (118,800,000) Savings Year 1                                                   52,920,000                                                      (65,880,000) Year 2                                                   42,768,000                                                      (23,112,000) Year 3                                                   43,416,000                                                       20,304,000 Year 4                                                   44,064,000                                                       44,064,000 Total savings                           N183, 168,000 Initial Investment = N118, 800,000 Year 1 and Year 2 savings            =         52,920,000 + 42,768,000 = N95, 688,000 Year 3 = N43, 416,000 In order to calculate the payback period with precision and accuracy, the year 3 savings should be broken down to monthly by dividing it by 12 and then the cumulative savings for year 1 and 2 should be subtracted from the initial investment. The result should then be divided by the monthly savings of year 3 to have the actual number of months (Mclaney, 1994). This is calculated below: Savings per month for year 3 = N43, 416,000/12 = N3, 618,000 N118, 800,000 N95, 688,000 = N23, 112,000/N3, 618,000 = 6.38 Approximately 6 months. Payback period is 2years 6 months   NET PRESENT VALUE (NPV) NPV is realised by using a discount rate to determine the current value of future savings and subtracting the capital cost (Hannagan, 2008). This method accepts with projects that have positive NPV. The method also makes comparison between present value of cash outflows and inflows from an investment (ACCA, 2008). The table below shows the number of years (4), future value (FV), cash flow, discount factor (DF) 15% and the present value (PV). The first step in calculating NPV is to multiply the cash inflow (savings) by the DF of each year to get the PV. Then, sum up the PV and deduct the initial investment from the total PV to arrive at the NPV (Mclaney, 1994). 15% DF was selected not to make profit but to avoid risk; it was selected after considering the current base rate of the Central Bank Nigeria which is 13.2% as the base rate keeps appreciating every year (CBN, 2009). Inflation rate in Nigeria increases, therefore oil product price will also appreciate. Table 2 NPV calculation   Ã‚                                                        CF in Naira (N)                DF (15%)                PV in Naira (N) Initial investment                      (118,800,000)             1.000                            (118,800,000) Savings Year 1                                                    52,920,000                                    0.870                               46,040,000 Year2                                                      42,768,000                                  0.756                               32,333,000 Year 3                                                    43,416,000                                  0.658                               28,568,000 Year 4                                                    44,064,000                                    0.572                            25,205,000 Total savings                                 183,168,000                                                                            132,146,000 NPV = Total PV of savings PV of investment N132, 146,000 N118, 800,000 = 13,346,000 The project has a positive NPV as such it should be undertaken. INTERNAL RATE OF RETURN (IRR) IRR is a very important technique that influences the decision making as to whether or not an investment should be approved. It is interested in projects whose IRR are greater than the target rate of return. It also considers time value for money (ACCA, 2008). In order to have precision in calculating the IRR similar steps will be taken as how the NPV was sorted. However, it will require calculations at two different stages (NPV1 and NPV2) with two different DFs and normally both DFs should be greater than the DF used to determine the NPV. Finally the IRR formula will then be applied. IRR = NPV1 x (B A) + A NPV1 NPV2 Table 3: IRR calculation Years                           Cash Flows                DF (at 18%)                   PV Year 0                           (118,800,000)                      1.000                         (N118, 800 Initial investme-+nt) Year 1                               52,920,000                            0.847                                     44,823,000 Year 2                               42,768,000                              0.718                               30,707,000 Year 3                            43,416,000                            0.609                                     26,440,000 Year 4                               44,064,000                              0.516                               22,737,000 Total savings             183,168,000                                                                      124,707,000 NPV1 = 124, 707,000 118, 800,000 = + 5, 907,000 Table 4:  Ã‚                                 Years Cash flow                               DF (at23%)          PV Year 0                  (118,800,000)                                     1.000                                     (118,800,000) Year 1                                             52,920,000                                          0.813                                        43,024,000 Year 2                                             42,768,000                                          0.661                                          28,270,000 Year 3                                             43,416,000                                          0.537                                          23,314,000 Year 4                                             44,064,000                                          0.437                                          19,256,000 Total savings                         183,168,000                                                                                              113,864,000 NPV2 =      113,864,000 118,800,000 = 4,936,000 IRR calculation:                           Ã‚   5907  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  x (23 18) + 18   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  5907 (- 4936)   Ã‚                                                                                   IRR=20.7% NON FINANCIAL FACTORS The key purpose of an environmental initiative according to Sheldon and Yoxon (2003) is to reduce environmental impacts of an organisation in ways which makes business sense. The direct result of this provides organisations with benefits which include the use of alternative source of energy to increase in an organisations efficiency, thus providing the organisation with a competitive edge. In addition, it ensures compliance with environmental regulations and increases organisation understands of how its activities impact the environment (Brady, 2006). PPMC has a lot to benefit apart from the financial savings. The organisation will be contributing its own quota towards achieving sustainability. This will result in environmental performance improvement through the initiative of purchasing brand new cars to reduce or stop carbon emissions. The initiative will reduce pollution, minimise waste, protect the natural environment and provide better corporate social responsibility as well as good corporate image to the organisation. Furthermore, status of the companys reputation will be upgraded as it is encouraging green environment and legal compliance (Aslaksen Synnedstvedt, 2003). It will also assists in the implementation of environmental policy, while improving compliance with legislation and corporate image (Sheldon Yoxon, 2003). Moreover, PPMC will demonstrate good operations within a safe and clean environment thereby creating a friendly environment for staff and the public (Edward, 2004). This will help sort out social matters and improve health and safety. Since, the electric cars have a highly improved safety measures that could provide ways of pollution control to protect the people and their environment (Edward, 2004). The company could also benefit from changes within the organisation, by delivering this environmental initiative that deals with environmental impacts such as climate change and global warming caused by their emissions (Murray, 2003). In addition, it will support the company to identify and minimise its impacts on the environment so as to enhance its corporate social responsibilities through the use of an alternative source of energy. This will not only promote their business environment but will promote the global environment at large. Purchasing the zero emission vehicles will pave way for the organisation to achieve sustainable development since it is a strategy that could consider maximum utility of resources. In addition, the project is not aimed at profit making but returning of initial investment. SUGGESTIONS/DISCUSSIONS AND CONCLUSION. The rate of interest at which the investment cost leads to investment benefit is known as the IRR. This means that, all investment gains are with the time value for money and at the interest rate, the investment has a zero NPV (ACCA, 2008). This investment appraisal has demonstrated the use of IRR to value the cash flow and raise it as a consequence of the investment while determining it with inflation (ACCA, 2008). For example, a higher target rate of return was chosen, so that even in a situation where the inflation rate rises the company will still save cost. Interest rate may rise to 15% during the life time of the project due to the increasing inflation rate in Nigeria, as history has shown that Nigerian base rate rises up to 0.45 every year. Therefore, risk is incorporated and the project is considered less risky. The IRR is 20.7%, this has shown a very good risk margin considering the Nigerian economic instability. Furthermore, the advantage of the IRR being 20.7% is that, eve n if the interest rate increases the project will still be economically good. Base rate of the Central Bank of Nigeria was used to determine the cost of capital and calculate the initial NPV. The base rate was also used to incorporate inflation by discounting cash flows to get the future value. Inflation changes value for money, this is the main reason for using the base rate in determining the discount factor for the NPV calculation. Two discount rates were used to solve the equation of IRR which assumes that NPV changes with discount rate but this is not the case in reality. The positive result of the NPV means that the project should be accepted and the chosen discount rate of 15% helped identify the actual value of the savings to be made, based on the fact that the project is anticipated to make an overall savings. However, the actual value of IRR is more important as it considers the current economic climate and the future interest rate of Nigeria. The result has shown that the IRR is higher than the target rate of return. It is important to note that, ba se rate is used to determine NPV not IRR while IRR assumes that NPV is zero. The savings to be realised by PPMC as a result of the new initiative as well as the indication of an attractive Payback period upon investment is clearly exposed. Payback period 2 years 6 months is a good payback period since, the criteria requires payback of the initial investment in 5yrs. Hence, it would have been a bad payback period if it exceeds 5years. Furthermore, PBP was used to support other data because it is not enough to serve as criteria for investment. The company will continue to benefit from the project for years even after returning the initial investment. PPMC could consider using a different discount rate for this project since it is aimed at executing an environmental project and not profit making. This appraisal has been thoroughly evaluated and has proven that the investment is reasonable (Mclaney, 1994). Since, the company will spend only N65, 880,000 more on the annual maintenance cost (52, 920,000) and save N52, 920,000 in the first year and more in the subse quent years at the same time stopping the carbon emissions from the old cars. In addition, it is a mandatory for the company to meet up the governments requirement to reduce environmental impact and comply with the prevailing legislation. If the organisation was not to invest in this project the money would have been channelled to the federation account and budgeted to execute other projects in other sectors or Nigerian ministries. However, PPMC has the authority to use any reasonable amount to improve its environmental performance or execute any viable project that will be beneficial to the organisation. Finally, the calculation resulted in a less discount rate where NPV1 became positive and a greater discount rate where NPV2 remain negative and IRR fell in between the two discount factors (ACCA, 2008). The 3 investment appraisal techniques were fully utilised to determine the projects viability. This has proven that the project is economically viable (Mclaney, 1994). In view of this, the investment appraisal is affordable and worthy of acceptance. Moreover, the purchase of the electric cars is the best option, as it will not only reduce carbon emissions but will stop the emissions from the old vehicles completely, thereby upgrading the companys image as well as enhancing its overall environmental performance.

Myths that Hide the American Indian Essay

Nearly everyone in this world is guilty of stereotyping against a certain race, religion, ethnic group, nationality, etc. One of those groups that are stereotyped is the Native Americans. Ever since the Europeans â€Å"discovered† the New World, there have myths about the Native Americans that lead to this stereotyping. In the essay, â€Å"Myths That Hide the American Indian† by Oliver La Farge, many of those myths are brought up. Due to these myths about the Native Americans, people’s views, past and present, of who and what they are have become extremely distorted, or essentially hiding the Native Americans from white people. One of the many myths that the Europeans created about the Native Americans is that they are bloodthirsty, ruthless savages. Oliver La Farge does a good job in his essay of discounting this myth by giving multiple examples of how most groups of Native Americans were a peaceful group of people that just were not quite as well developed socially, economically, technologically, etc. as the Europeans. Because of this lack of development on behalf of the Native Americans, the Europeans looked at the Native Americans as uncivilized savages. The reason that this myth was even created was to justify the slaughtering of thousands of Native Americans at the hands of the Europeans, with the justification being that they were inferior beings, which is another myth brought up. Once the Europeans had conquered the Native Americans, this myth was altered, now proclaiming that the Native Americans were drunken, lazy good-for-nothings. La Farge also discounts this part of the myth in his essay. Going back to the point of the Europeans thinking they were superior a superior race when being compared to the Native Americans, that would happen in any situation if the circumstances were similar because it is human nature to believe that if one race able to conquer another race, then they will believe they are superior. This is one of the continuing myths that have hid the Native Americans from white people. Another one of the myths that plagued the Native Americans is that the early European settlers tended to assume that all or most of the Native Americans had one culture and that they were all at about the same stage of development. This myth could not be further from the truth. â€Å"The tribes and nations that occupied North America varied enormously, and their condition was anything but static† (pg. 7). The cultures of the Native Americans were like snowflakes; no two were alike. Many different types of cultures are described in detail in the essay, proving that the myth is completely wrong. Each tribe of Native Americans had a culture that, while considered backwards and wrong by the Europeans, was unique. This myth helped to hide the Native Americans from white settlers because if the whites got to know the culture of one tribe, they would just assume that all of the other tribes had identical cultures. If that culture they learned had some barbaric practices, like the Aztecs sacrificing men by tearing out their hearts, they would assume that all tribes did that and further prove the myth that Native Americans were savages. That is how this myth hid the Native Americans from white people. The first myth that was ever started about the Native Americans is the Noble Red Man or Child of Nature myth. What this myth is about is the Europeans considered the Native Americans to be children of nature. Also, it â€Å"credited the Indian with either a penchant for flowery but dull oratory or an inability to communicate beyond ‘Ugh’ and grunts† (pg. 4). This myth puts the Native Americans on the same level as an animal. If the Europeans thought the Native Americans were that ignorant, then it is no wonder why they thought that they were a superior race. The Native Americans became hidden by this myth because it is so completely false and completely misrepresents them as a whole because they had developed languages and could communicate with one another. Myths about Native Americans have, and will continue to be a cause of people stereotyping them. Because of the stereotyping, most people will never know the truth about Native Americans and they will remain hidden from white people. This stereotyping has gone so far that today, Native Americans will get dressed up for tourists in a costumes and put on war dances just to please tourists who believe in the myth because if they did not, the tourists would question the legitimacy of them. That is how myths of the Native Americans have hid them.

Imagery in in Cold Blood - 876 Words

Truly successful authors have the ability to convey their view of a place without actually saying it, to portray a landscape in a certain light simply by describing it. In the opening paragraphs of In Cold Blood, Truman Capote does just this. Through his use of stylistic elements such as selection of detail, imagery, and figurative language, Capote reveals his own solemn and mysterious view of Holcomb, Kansas, while setting the stage for an imminent change. Beginning in the first line of the passage, Capote selects the most boring details of life in the small town in order to portray its character. He draws attention to the physical isolation of Holcomb by referring to it as the place that other Kansans call out there. In addition,†¦show more content†¦In addition to including the most boring of details, Capote uses a great deal of imagery to describe the town and its residents. Focusing mostly on visual appeal, he describes the sulphur-colored paint and flaking gold to reveal the towns appearance and has-been status. Portraying the area as one that has seen better days, Capote writes about the old stucco structure that no longer holds dances, the crumbling post office, and the bank that now fails to serve its original purpose.† Combining visual imagery with hints of desolation, Capote attempts to reveal the gray and boring nature of the town through its appearance. He does not, however, rely only on visual details; in de scribing the local accent as barbed with a prairie twang, he uses both auditory and visual appeal to make one imagine a ranch-hands tone of voice and pattern of speech as he describes the events of his farming days. The hard blue skies and desert-clear air contribute to a feeling of emptiness, an emotional vacancy that seems omnipresent in the small town. 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Emily Dickinson s Poem, Because I Could Not Stop For Death

Emily Dickinson is known for writing poems that relate to death and dying, and the poem â€Å"Because I could not stop for death† is no exception. This is a narrative poem that illustrates the passage from life to death as a carriage ride through a quiet town. In this particular poem, the speaker has already passed away and is remembering what seems to be a fond memory, however that is not revealed till the final stanza. There are only two characters, The speaker and Death. The speaker is a lady who is reminiscing on a carriage ride she took with Death. She conveys her ride in a very light manner, almost as one would of a pleasant first date. Her tone is very calm and she seems almost at ease, as she and Death take a slow ride through town. She introduces Death in the first stanza as if he was a gentleman with manners. Throughout the entire poem Death is personified as a polite man. This is first implied in Line 2 when the speaker says â€Å"he kindly stopped for me-†. Hearing this can also suggest to the readers that the speaker is not afraid of death but perhaps even relieved â€Å"he† had finally arrived. There is no evidence to suggest how this particular lady in the poem died. However in Line 5, when the speaker says, â€Å"We drove slowly- He knew no haste†, could be inferred that she died slowly, maybe from a terminal sickness. As they are riding along they pass children playing in the school yard, fields of grain, and the setting sun. Finally at the end of the poem, they reach theirShow MoreRelatedEmily Dickinson s Poem, Because I Could Not Stop For Death854 Words   |  4 Pages Death is everywhere. From the insect you killed this morning to the family member you lose recently, there is no force stronger than death. Emily Dickinson, a 19th century writer, indulges that fact but also goes beyond it in her work. Dickinson revisits the theme of death in her poetry. Through her work, she shows readers her fascination with de ath the emotions associated with it. In â€Å"I heard a Fly buzz—when I died† and â€Å"I’ve seen a Dying Eye†, Dickinson shows us a very intimate view of a personRead MoreThe Author That I Decided To Discuss The Literary Significance1232 Words   |  5 PagesThe author that I decided to discuss the literary significance is Emily Dickinson. Dickinson was born, raised, and in Amherst, Massachusetts in December 10, 180 and died May 15, 1886 in the same state. Her father was Edward Dickinson, and her mother was also named Emily, Emily Norcross Dickinson. Emily Dickinson went to Mount Holyoke College, a small private school in South Hadley, Massachusetts. She’s known as one of the best American Poet. Emily s poem were frequently perceived by a wide rangeRead MoreAnalysis Of Emily Dickinson s Poem My Life Had Stood- A Loaded Gun 993 Words   |  4 PagesEmily Dickinson is a very famous and accomplished poet with over 1700 published poems. Several of her poems are similar in theme, and also similar in bringing out human emotions that we humans usually try to avoid. The common theme in most of Dickinson s poems is the wonders of nature, and the identity of self, as well as death and life. The five poems with the common theme of death are: â€Å"My Life had Stood- A Loaded Gun†, â€Å"I Heard A Fly Buzz- When I Died†, â€Å"Behind Me Dips- Eternity†, â€Å"Because IRead MoreEmily Dickinson s A Route Of Evanescence And Because I Could Not Stop For Death1167 Words   |  5 PagesEmily Dickinson Emily Dickinson published only a few poems during her time. Her work was only truly discovered after her death of kidney disease in 1886 at the age of fifty-six. Upon her death her sister Lavinia Dickinson found hundreds of poems tied into a book stitched together by Emily. People claim that she is the most original 19th Century American Poet and is now considered one of the towering figures of American literature. Although She is known for her unconventional broken rhyming meterRead MoreEmily Dickinson : The Point When A Reader1749 Words   |  7 PagesHorieh Introduction to Literature Professor Knoernschild November 27, 2015 Emily Dickinson At the point when a reader hears the name Emily Dickinson, they consider a female who composed verse that has been surely understood for a considerable length of time and years. Much to their dismay that Emily Dickinson established American Literature, and began an entire unrest of verse. The procedure Dickinson used to keep in touch with her verse was at no other time seen and was the foundationRead MoreEssay on Emily Dickinsons Because I Could Not Stop for Death730 Words   |  3 PagesEmily Dickinsons Because I Could Not Stop for Death Emily Dickinson’s â€Å"Because I could not stop for Death† is a remarkable masterpiece that exercises thought between the known and the unknown. In Dickinson’s poem, â€Å"Because I could not stop Death,† there is much impression in the tone, in symbols and in the use of imagery that over flow with creativity. One might undoubtedly agree to an eerie, haunting, if not frightening, tone and use of symbolism in Dickinson’s poem. Dickinson usesRead MoreTheology Leads to Interpretation1336 Words   |  6 PagesEmily Dickinson’s extensive collection of poems on the subject of death can be better understood individually once time has been taken to view her works as whole. By viewing the works as a whole, it is possible to conclude a likely theological view point of the author and then apply this theology to the individual works in order to improve interpretation. Emily Dickinson’s poem â€Å"Because I could not stop for Death† is one such poem that when viewed individually is open to a wide scope of readingsRead More Death in Emily Dickinsons Because I Could Not Stop for Death, I Heard A Fly Buzz-When I Died, and I Felt A Funeral In My Brain1449 Words   |  6 PagesDeath in Emily Dickinsons Because I Could Not Stop for Death, I Heard A Fly Buzz-When I Died, and I Felt A Funeral In My Brain Emily Dickinsons poems Because I Could Not Stop for Death, I Heard A Fly Buzz-When I Died, and I Felt A Funeral In My Brain all deal with one of lifes few certainties, death. Dickinsons intense curiosity towards mortality was present in much of her work, and is her legacy as a poet. Because I could Not Stop for Death is one of Emily Dickinsons Read MoreAmbiguity of the Concept of Death: a Comparison of ‘Do Not Go Gentle Into That Good Night?and ‘Because I Could Not Stop for Death1201 Words   |  5 Pagesthought of death? Almost everybody does! However, people have differing views on the abstract idea of dying. In examining the poem Because I Could Not Stop For Death? by Emily Dickinson and Do Not Go Gentle Into That Good Night? by Dylan Thomas, it is evident that the poets use contrasting and comparative techniques in their unique presentations of the concept of death. In the poem Because I Could Not Stop For Death? Emily Dickinson presents the idea of acceptance of death, whereas in the poem Do NotRead MoreConcept Of Death in ‘Do Not Go Gentle Into That Good Night versus ‘Because I Could Not Stop For Death1167 Words   |  5 Pagesthought of death? Almost everybody does! However, people have differing views on the abstract idea of dying. In e xamining the poem Because I Could Not Stop For Death? by Emily Dickinson and Do Not Go Gentle Into That Good Night? by Dylan Thomas, it is evident that the poets use contrasting and comparative techniques in their unique presentations of the concept of death. In the poem Because I Could Not Stop For Death? Emily Dickinson presents the idea of acceptance of death, whereas in the poem Do Not

Analysis Of Albert CamusThe Stranger - 1017 Words

The opening line of Albert Camus’ The Stranger is â€Å"Maman died today. Or maybe, yesterday; I dont know† (3). Meursault is introduced in a state of indifference about his own mother’s passing. The attitude Meursault has about his mother’s death will be present throughout the novel, an attitude of passivity. External feelings are what he lives for, he spends no time examining his internal feelings. Meursault begins as an uncaring man who is unconscious to the world around him and his own self. He commits murder and through his trial, time in jail, and eventual death sentence he sees the meaningless of life and is content with it. Part 1 of The Stranger begins with the death of Meursaults mother and leads up to the murder of the Arab.†¦show more content†¦Meursault doesnt care if they get married he just wants sex, so he says they can get married if it makes her happy. It makes no difference to him. The most mindless decision Meursault makes occu rs on the beach the day of murder. At the beach where Meursault is most happy because of the sun and the water becomes the spot where his life of freedom will end. Raymond has an altercation with an Arab man and is hurt. The man is the brother of the woman Raymond abused. Meursault fueled this attack through the letter he wrote, this is his passive attitude coming back to affect his life for the first time of many. Meursault take Raymond’s gun and finds the Arab. He murders him without a second thought and throughout the scene he speaks of the sun beating down on him. His once warm friend has become his hellish enemy. Five times he shoots the man, four into his lifeless body. Meursault is the stranger as he commits murder paying no mind to the consequences. This is the first event that will truly begin to open his eyes to the worlds true meaning. The worlds true meaning begins to be revealed to Meursault through his time in jail and it confuses him. At times and forgets that he has committed a murder and he wonders why he is in jail and being interrogated. After many interrogations he says that it feels like he is one of the family between him, his lawyer, and the interrogator. Meursault lacks a sense of self otherwise he would realize he is not thereShow MoreRelatedAn Analysis Of Albert CamusThe Stranger765 Words   |  4 PagesMisa Arima Period5 The Stranger Essay In the novel The Stranger, author Albert Camus uses the character Meursault to argue that happiness can only be achieved through ones ability to sufficiently react to what Heidegger calls Thrown-ness, and, if conscious with the exercise of the free will, only then life will be worthwhile. First of all, knowing that life occurs randomly that have no control of, leads to the happier life. In The Myth of Sisyphus written by Albert Camus, the protagonist Sisyphus

Managing Change Important for Business Organizations Free Essays

â€Å"The ability to managing change Is an important factor for today’s business organization to remain competitive and relevant† Critically analyze and discuss the above statement and in particular discussed the type of changes that an organization is subjected to and the effect of these changes to the organization. In addition, your discussion should include strategies in managing these changes Assessment Requirements Individual Type-written Report Maximum word length allowed is 3000 words The required content of the document produced Is required to be within specific axiom work lengths (In brackets) and to cover the specific areas as follows:- 1. A table of contents 2. We will write a custom essay sample on Managing Change: Important for Business Organizations or any similar topic only for you Order Now A list of figures and/ or list of tables where appropriate 3. Executive Summary-( 10 marks -300 words) 4. Introduction -( 10 marks -300 words) 5. Literature Review- Critical Analysis (60 marks -2100 words) 6. Conclusions- -( 10 7. References Presentation – 10 marks 8. Bibliography 9. Appendices if appropriate This assignment Is worth 50% of the final assessment of the module. Student is required to submit a type-written document in Microsoft Word format with Times New Roman font type, size 12 and line spacing of 1. 5. The Harvard Style of Referencing system is COMPULSORY. Necessary citations and references adopting the Harvard Referencing System. Students who have been found to have committed acts of Plagiarism are automatically considered to have failed the entire semester. If found to have breached the regulation for the second time, you will be asked to leave the course. Plagiarism involves taking someone else’s words, thoughts, ideas or essays from online essay banks and trying to pass them off as your own. It is a form of cheating which is taken very seriously. Take care of your work and keep it safe. Don’t leave it lying around where your classmates can find it. Malaysian Qualifications Agency Learning Outcomes Module Learning Outcome After completing the module, the student should be able to: Advance a multidimensional understanding of the drivers of globalization Critically evaluate a range of normative questions in relation to the effects of globalization on the economy and organization Have insights into contingency factors of technological advancement and environmental uncertainty which influence the decision to globalize Notes on Plagiarism Harvard Referencing Plagiarism Plagiarism is passing off the work of others as your own. This constitutes academic theft and is a serious matter which is penalized in assignment marking. Plagiarism is the submission of an item of assessment containing elements of work produced by another person(s) in such a way that it could be assumed to be the student’s own work. Examples of plagiarism are: the verbatim copying of another person’s work thou acknowledgement the close paraphrasing of another person’s work by simply changing a few words or altering the order of presentation without acknowledgement the unacknowledged quotation of phrases from another person’s close paraphrasing with occasional acknowledgement of the source may also be deemed to be plagiarism if the absence of quotation marks implies that the phraseology is the student’s own. Plagiarisms work may belong to another student or be from a published source such as a book, report, Journal or material available on the internet. Harvard Referencing The structure of a citation under the Harvard referencing system is the author’s surname, year of publication, and page number or range, in parentheses, as illustrated in the Smith example near the top of this article. The page number or page range is omitted if the entire work is cited. The author’s surname is omitted if it appears in the text. Thus we may say: â€Å"Jones (2001) revolutionized the field of trauma surgery. Two or three authors are cited using â€Å"and† or â€Å"†: (Deane, Smith, and Jones, 1991) or (Deane, Smith ; Jones, 1991). More than three authors are cited using et al. (Deane et al. 1992). An unknown date is cited as no date (Deane n. D. ). A reference to a reprint is cited with the original publication date in square brackets (Marx [1867] 1967, p. 90). If an author published two books in 2005, the year of the first (in the alphabetic order of the references) is cited and referenced as AAA, the second as Bibb. A citation is placed wherever appropriate in or after the sentence. If it is at the end of a sentence, it is placed before the period, but a citation for an entire block quote immediately follows the period at the end of the block since the citation is not an actual part of the quotation itself. Complete citations are provided in alphabetical order in a section following the text, usually designated as â€Å"Works cited† or â€Å"References. † The difference between a â€Å"works cited† or â€Å"references† list and a bibliography is that a bibliography may include works not directly cited in the text. All citations are in the same font as the main text. Examples Examples of book references are: Smith, J. (AAA). Dutch Citing Practices. The Hogue: Holland Research Foundation. Smith, J. (Bibb). Harvard Referencing. London: Jolly Good Publishing. In giving the city of publication, an internationally well-known city (such as London, The Hogue, or New York) is referenced as the city alone. If the city is not internationally well known, the country (or state and country if in the U. S. ) are given. An example of a Journal reference: Smith, John Maynard. â€Å"The origin of altruism,† Nature 393, 1998, up. 639-40. An example of a newspaper reference: Boycott, Owen. â€Å"Street Protest†, The Guardian, October 18, 2005, accessed February 7, 2006. How to cite Managing Change: Important for Business Organizations, Papers

Business Growth Expectation Business Finance

Question: Describe about the Business Growth Expectation for Business Finance. Answer: 1: The belief is completely baseless. The vital organizational information should not be shared with any other organization as it might jeopardize the growth expectation. This credible information is shared with other organization the risk of competition will increase significantly. The risk will increase in significant magnitude. The risk of business will increase. The operational benefit will be limited. The competitor firm may use that credible information for their own benefit which will reduce the financials of the company (McNairy Cross, 2016). 2: Depreciation Total Cost of the Aircraft 12000000 Airframe comprised 55% of the cost 6600000 Engines were 40% of the cost 4800000 Fittings comprising 5% of the cost 600000 Depreciation of Airframe Airframe cost 6600000 Less: Scarp Value 150000 6450000 The life of the Airframe years 15 Depreciation on Straight Line 430000 Depreciation of Engine Engines cost 4800000 Depreciation for 2920 hours 700800 Depreciation of Fittings Fittings cost 600000 Useful Life 5 years 120000 Journal Dr Cr 1.07.2013 Aircraft 12000000 To Bank 12000000 30.06.2014 Depreciation on Airframe 430000 Depreciation on Engines 700800 Depreciation on Fittings 120000 To Accumulated Depreciation 1250800 30.06.2014 Accumulated Depreciation 1250800 To Aircraft 1250800 3: (a) Lease Payment (350000-35000) 315000 Total Payment of lease rent for 5 years 1575000 Machinery fair value 1294384 Interest 280616 Fair Value of machine 1294384 Years of Lease 5 Monthly Payment -315000 Interest Rate 6.92% RATE(nper,pmt,pv,fv,type,guess) Or IRR method can be used to calculate implicit interest rate Year Receipt Payment Net Payment 0 1294384 1 0 -315000 -315000 2 0 -315000 -315000 3 0 -315000 -315000 4 0 -315000 -315000 5 0 -315000 -315000 1294384 -1575000 -280616 Year 0 1294384 1 -315000 2 -315000 3 -315000 4 -315000 5 -315000 IRR 6.92% PV $1,294,384.00 $294,616.81 Present Value of Lease payment (PV Function) (PV of Single Premium) (b) Journal Entry In the books of Burt Ltd Dr Cr 01.07.2015 Machinery 1294384 To Lease Obligation 1294384 30.06.2016 Lease rentals expense 294617 Interest Expenses 20383 Insurance and maintenance 35000 To Bank 350000 (c ) In the books of Burt Ltd Balance Sheet Non Current Liabilities Lease Liability 999767 (1294384-294617) Current Liabilities Interest Payable 20383 Lease Liability 294617 Fixed Asset Lease Machinery 1294384 (d) Journal Entry In the books of Burt Ltd Dr Cr 30.06.2016 Lease rentals expense 294617 Interest Expenses 20383 Insurance and maintenance 35000 To Bank 350000 30.06.2017 Lease rentals expense 294617 Interest Expenses 20383 Insurance and maintenance 35000 To Bank 350000 4: The intangible assets are non monetary assets and without active physical substance and identifiable. There are relevant recognition criteria for the intangible assets. The assets will be valued at the cost or on the basis of revaluation model. The cost of acquisition of intangible assets is to be amortized on the basis of its use. The merger acquisition has a major role to play in terms of buying and selling of intangible assets. The assets can be bought separately. The exploration and the evolution of the asset is also an important part of the business process (Iasplus, 2016). The merger and acquisition will include purchase of the company or of the brand of the company. Once the brand is being purchase by another company it adds value to the new company. Adidas, Nike has significant brand value; if Nike acquires Adidas then the brand value of Nike will be increased because of its purchase of Adidas. References: Iasplus, 2016. IAS 38 Intangible Assets. [Online] www.iasplus.com Available at: https://www.iasplus.com/en/standards/ias/ias38 [Accessed 12 October 2016]. McNairy, J.D. Cross, M., 2016. About That Trade Secret Leak: Its From Inside The Business! [Online] www.calpeculiarities.com Available at: https://www.calpeculiarities.com/2016/08/03/about-that-trade-secret-leak-its-from-inside-the-business/ [Accessed 12 October 2016].