Mouy free essay sample

Hole between White Upper Class Women and Latin Women Sociological investigations of sexual orientation separation affirm that housework is characterized as representative of womens persecution, and it's anything but another thing for employing household specialist to lift the weight of housework from working class ladies. Fay Dudley clarified, white collar class ladies raised their status by managing crafted by hireling and moved the jobs of power and action, as opposed to resignation and detachment. In the U. S. As of late, white working class ladies have more power over family unit salary and more obligations outside home. With numerous weights, they have no an ideal opportunity to adapt to housework, so they need pariahs to keep the family unit running. Subsequently, white high society ladies begin to look for low-pay laborers to do housework in their home, and now they can utilize modest household workers to remove a portion of the weights from them. We will compose a custom article test on Mouy or on the other hand any comparative theme explicitly for you Don't WasteYour Time Recruit WRITER Just 13.90/page Then again, most Latin outsiders must choose between limited options to pick the Job since they need English language information. That is the reason they are given as a modest work in the United States in which ladies regularly function as domestics while men fill in as workers and development laborers. The social hole between privileged white ladies and lower class migrants can be seen through Latin ladies who function as domestics and live in their managers home. As female Latin outsiders are off guard for an assortment of reasons, they are not presented to a great part of a similar sort of training that is offered in the U. S. , and they additionally face language boundaries and social contrasts that keep them out of the professional work power and keep them in low paid Jobs. Given their restricted choices, they are frequently incapable to secure high paid positions in the United States. Subsequently, a considerable lot of them decide to be domestics or retailers for center and high society families. To be domestics or maids show the hole between white high society ladies and Latin ladies since privileged white ladies feel that they have more benefit than Latin ladies, so they not just recruit them to do housework, a filthy errand, yet they likewise enlist them in low-salary much of the time. The Reasons Why Most Latin Women Choose Housekeeper for Job There are numerous points of interest for outsider ladies who pick a Job as a servant. Molly Keepers study uncovers that the most significant thing of these favorable circumstances is adaptable working hours. As indicated by Mexican culture, Mexican ladies re typically committed to be with the family and assume liability for housework. Along these lines, with this favorable position, the greater part of them are as yet ready to be liable for their own family units, and they can orchestrate time to mind their youngsters and meet companions also. For some situation, they are permitted to take their youngsters with them while they are at the businesses house. In addition, to be a housemaid additionally help Latin ladies can get more cash-flow to help their family unit. Another bit of leeway of the Job as a servant is an opportunity to pick their own boss and quit the Place of employment whenever they need on the grounds that the house cleaners are sought after n the United States. It is likewise simple to go after a housemaid as this Position requires practically no preparation. Also, these laborers can work without Visa and don't have to figure out how to communicate in English too. Contrasting with their companions who work in manufacturing plants and eateries, to be a servant takes a larger number of focal points than those Jobs because of working hours and conditions. Thus, every one of these favorable circumstances show the motivation behind why a large portion of Latin ladies pick a housemaid as their Job. Colonization One of the most troublesome issues for Latin ladies is the language hindrance that they face in the United States (Kef, 2002). The same number of them lack high training, they don't have a clue how to communicate in English by any means. Without English abilities, it isn't just hard for Latin ladies to speak with others, however they are likewise limited to do numerous things, for example, a driving permit. Besides, language obstruction may get them far from getting some work. Notwithstanding, Latin ladies, these days, begin to learn English and send their kid to class to learn English too in light of the fact that they understand that to realize English will give them openings not exclusively to speak with individuals yet in addition to improve Job in their future lives.

Conceptualizing a Business Free Essays

Presentation This paper will give the strategic vision proclamations of the Dog and Man. This is a piece of key arranging. Key administration is characterized as the arrangement of choices and activities that bring about the detailing and usage of plans intended to accomplish a company’s destinations (Pearce Robinson, 2009). We will compose a custom paper test on Conceptualizing a Business or on the other hand any comparative point just for you Request Now Regardless of whether a firm is building up another business or reformulating course for a continuous business, it must decide the essential objectives and ways of thinking that will shape its key stance (Pearce Robinson, 2009). Before finishing the rundown of vital issues, perform what is known as a litmus test to affirm that the vital issues recognized are really key (Fire Engineering, p85). This paper will characterize the core values and give a review of how the crucial vision explanation cooperate with the qualities and destinations of the organization. Statement of purpose The motivation behind a statement of purpose for a business is to underwrite the implications of the organization by articulating the destinations of the business that compares with the item or administration offered in the commercial center and a definitive attributes of the organization that recognizes the organization from the opposition. The Dog and Man Club is a spot that will give a perfect fun and a protected domain for hounds and their proprietors to associate with different mutts and proprietors. This club will have exercises all relatives that take into account the pet in light of keeping the family. Vision Statement The vision explanation of a business portrays the business’s objectives for the organization for development and the possibilities of the business providing laborers and buyers the things that the business is resolved to achieve. Vision explanations ought to be made for various degrees of the division (Fire Engineering, p85). The Dog and Man Club will offer types of assistance for both the pet and its proprietor. The pets will have a full preparing administration accessible. The proprietors associate with different proprietors over refreshments or book play dates for their pooch. This office will have territory assigned for simply the pooch, canine and proprietor and an owner’s relax. The parlor will take into account the total family with the goal that the preparing experience will be agreeable for both pet and proprietor. Core values The core values are perspectives that direct a business all through its reality in all circumstances, in spite of changes in its goals, plans, and items or administrations. These standards characterize how the business will work. This organization accepts that the pets and the proprietors ought to be dealt with like family while at the Dog and Man. A sheltered and solid condition causes proprietors and pets to associate with others in the office. We perceive that proprietors see their pets as family and this organization will give a similar climate to all clients. Core value #1: This is a family situated business. Core value #2: All clients will be treated with deference. Core value #3: Conduct ourselves in an expert and moral way. Core value #4: Believe that the consolidated endeavors achieved through common undertakings are huge to our prosperity. The sythesis of the crucial vision proclamation joined with the qualities and goals gracefully the preparation for portraying and executing the key plans. These center articulations provide guidance for a company’s vital arrangement. It is basic the announcements are communicated to staff and customers to keep them educated about the business’s reason. Imparting these announcements contain appraisal and plan advancement at all phases in the business. Statement of purpose The statement of purpose of an organization communicates its inspiration for being good to go. The statement of purpose involves grouping and expressing what kind of business an organization will enter. This consolidates an investigation of purchaser necessities and buyer perceptions. A statement of purpose is wide and assumes to proceed for an all-encompassing timeframe. The announcement ought to be short and compact. It should express the social as well as political prerequisites that are expected to exist to meet, and distinguish what we do to perceive, predict, and respond to those requirements. Vision The vision proclamation is a short insistence of where the business needs to be later on. The vision articulation gives an image of the business as it very well may be. It ought to be resolved and very much communicated. Qualities Values are the fundamental convictions that urge organization conduct and choice creation. Qualities show key regions to be fulfilled. Most qualities suggest how individuals and organizations should act in the commercial center. For instance, an organization should act with veracity, be moral, and have regard for worker and client. Preceding concocting the qualities, an organization should begin a qualities audit. This would incorporate an appraisal of the company’s present qualities. As a part of this review, the inside and outside purchaser needs ought to be filtered, provider essentials, and workforce abilities used to flexibly those necessities. This checking should mull over into takes any outside powers that would affect the business. Destinations Objectives decide the way for the business’s procedure. It is the point by point quantifiable end to be accomplished in the itemized time limits. The targets incorporate definitely characterizing how the vital destinations will be accomplished, settling on a choice who will achieve what and by what time, and distinguishing how the business will perceive who has finished what and when. When characterizing an association one ought to keep up an away from of the finished result. A hazy picture of your business can have a negative outcome the desires for an organization. This can restrain and even frustrate its development. The mission, vision and qualities assertions portray the reason and heading of the business. These announcements are fundamental to key arranging. This will help the business in progressing. This will ruin and conceivably take out specific issues due the strategy being exact and the goal is clear. Thought for the customers, as an option of the point of convergence being the commercial center, shows that the business comprehends the prerequisites of the buyers. This will bring about making a spot that an individual would need to support. These announcements produce a critical appearance that goes farther than reports and commercials. It ensures that business goals are upheld by the announcements. This gives understanding on how the business will begin, the bearing it need to go, and the future objectives it intends to achieve. End Conceptualizing a business starts with an arrangement. There are sure angles that are significant in the stage. The first is the strategic vision articulations. This is the plan for the establishment of an organization. These applied plans can help an organization to start the primer basis of the business. On the off chance that the plans are executed appropriately, this will empower the business to succeed. It will gain time to situate all the key components. Characterizing the mission, vision and qualities proclamations is critical to conceptualizing a business. This is the establishment for a business to succeed. Step by step instructions to refer to Conceptualizing a Business, Papers Conceptualizing a Business Free Essays Vital Plan, Part 1: Conceptualizing a Business Atonio Latu BUS/475 February tenth, 2013 Sarita Wesley, Ph. D. Vital Plan, Part 1: Conceptualizing a Business Starting an organization, for example, TL Concrete Service requires vital plans and the variables that will bolster the business advancement fire up stages. We will compose a custom article test on Conceptualizing a Business or then again any comparative theme just for you Request Now TL Concrete is a little organization with five representatives arranging and executing administrations. The organization offers types of assistance on solid drive ways, porch, and side-strolls. The organization offers free gauge, ease, and 5 years ensure on each activity. It is crucial for the organization to look for and build up the correct strategic, and qualities. These significant variables will go about as a guide to manage and keep up the company’s objectives; customers’ fulfillment and productivity. TL Concrete statement of purpose will characterize the company’s objectives. A decent vision explanation gives guidance and reason for the organization to finish. Fundamental belief distinguishes the significance of the workers and their conduct toward the company’s objectives. Solid help is a decent business since individuals consistently need hard carport surface, smooth walk route outside the house, and a yard for the open air exercises. The organization will assess, structure the establishment or the stage, pour the solid, and evacuate soil and waste a short time later. It will cost more to put in new surface than to supplant the current one. One of the benefits of this sort of administration is that solid is pre-blend or prepared blend by another specialist co-op. A similar specialist organization that ‘ready mix’ the concretes likewise convey and pour the solid at the mentioned site. The expense of the concrete is remembering for the gauge. TL Concrete future undertaking is to offer types of assistance for business structures and business edifices. Another tentative arrangement for this organization is to acquire open agreement on significant tasks. The company’s quality depends on the experience of the representatives to offer types of assistance, yet additionally the experience of the organization to lead business. Solid relations between the organization and its clients will ensure to keep up faithful clients. The organization will change and adjust to any future inner and outer variables that will influence the organization. For instance, most clients are utilizing ordinary concrete on their garages and walkways. Presently, individuals are beginning to utilize the stepping garage whi

How to Write Papers in College

How to Write Papers in CollegeWriting papers in college is no doubt a necessary skill for everyone to develop. Some years ago, I knew a professor who advised students to avoid writing papers at all costs. I have nothing against academic writing. I just think that there are some things that you can't do as a student in the name of educating.If your goal is to be a professor, I suppose you should be writing your research papers. However, if you want to become a writer, at least for the next few years, you should not think of papers as your only option. You might need to take up some other forms of writing, too. Here are four things that you could try out:A fantastic thing that you can do in college is to take up a foreign language. If you haven't learned any foreign languages, then I would recommend that you start studying them as soon as possible. I think that English and other languages are the most in-demand today. Especially for the younger students, studying foreign languages coul d be a very good idea.Do you know that the best way to learn how to write is to read? Reading is the most important thing to learn if you want to write your own books and articles. However, if you do not have enough time to read, you should also consider taking up courses in English composition. I think that writing and reading are complementary aspects.Most students don't feel like they can write when they are having problems with their pronunciation or speaking their words correctly. For that reason, it's a good idea to take up an ESL class. If you can learn to speak English in its proper environment, then you are going to learn how to write faster.Speaking Spanish or French is a very good idea for anyone who wants to learn how to write. That is the reason why I think that the United States has one of the biggest Spanish speaking populations in the world. Not only that, but most American students feel that they can write like a native English speaker.Of course, if you want to try the above four methods, it is a good idea to try out some thesis work, too. Most students don't learn how to write their thesis in college. Thesis work is also something that you should always do, even if you aren't learning how to write.Writing papers is the most important skill you could learn in college. There are so many different things that you can try out, however, I believe that thesis, writing, speaking, and reading are the most essential elements of learning how to write in college.

Verbs to Use in Your Research Paper

When you conduct a research project, one part of your job is to assert your own original thesis with an effective argument. There are a few ways to enhance your research paper so it sounds more impressive. One method to sound convincing as an authority is to elevate your vocabulary by using great verbs. Remember, verbs are action words. The verbs you select for your writing should represent a specific action. This means you should avoid generic verbs like the following to keep your writing interesting and sharp. Dont bore your teacher or audience to tears! Stale and boring verbs to avoid: See  Is/wasLookedDidGo/wentSaidTurned Be the Authority No matter what your grade level, you must do your best to come across as an authority on your topic.  Think about the noticeable difference in these statements: I saw more mold on one piece of bread.I observed a distinct difference between the two pieces of bread. Most importantly, one piece of bread displayed a greater density of mold. The second statement sounds more mature, because we replaced saw with observed and had with displayed. In fact, the verb observe is more accurate. When carrying out a scientific experiment, after all, you use more than mere eyesight to scrutinize your results. You may smell, hear, or feel some results, and those are all part of observing. Now consider these statements when writing a history essay: Historian Robert Dulvany says there were three main causes for the war.Historian Robert Dulvany asserted that three events prompted the war. The second phrase just sounds more authoritative and direct. The verbs make all the difference! Also, make sure to use active rather than passive structure with your verbs. Active verbs make your writing clearer and engaging. Review these statements: The war on terror was launched by the United States.The United States launched the war on terror.   The subject-verb construction is a more active and powerful statement. How to Sound Like an Authority Each discipline (like history, science  or literature) has a distinct tone with certain verbs that appear frequently. As you read over your sources, observe the tone and language.   While reviewing the first draft of your research paper, conduct an inventory of your verbs. Are they tired and weak or strong and effective? This list of verbs may provide suggestions to make your research paper sound more authoritative. affirm ascertain assert cite claim clarify communicate concur contribute convey debate defend define detail determine develop differ discover discuss dispute dissect document elaborate emphasize employ engage enhance establish estimate evaluate examine explore express find focus highlight hold hypothesize identify illuminate illustrate imply incorporate infer inquire invest investigate involve judge justify limn observe ponder predict proclaim proffer promote provide question realize recap reconcile refer reflect regard relate relay remark report resolve respond reveal review sanction seek show simplify speculate submit support surmise survey tangle test theorize total transpose underestimate underline underscore understand undertake undervalue usurp validate value verify vex wander

Essay on The Drug Enforcement Administration - 2607 Words

Introduction Issue Identification The Drug Enforcement Administration (DEA) is a United States Department of Justice law enforcement agency. Their purposes in law enforcement is to stop the sale of illegal drugs, drug trafficking, investigate major crimes within the United States and internationally, and to secure and protect our communities from ever confronting drugs. DEA also cooperates with many major law enforcement agencies such as federal, state, local, and foreign law enforcement agencies to stop criminals from smuggling drugs in our neighborhoods and help the people from getting involved with drug substance. Other responsibilities include carrying out missions and responsibilities in investigating major crimes, and detain drug†¦show more content†¦The DEA is the primary agency to enforce federal drug laws and follow up on drug investigations in foreign countries. The DEA mission is â€Å"to enforce the controlled substances laws and regulations of the United States and bring to the criminal and civ il justice system of the United States to those organizations and principal members of organizations, involved in the growing, manufacture, or distribution of controlled substances for illicit traffic in the United State† (Drug Enforcement Administration, n.d.,  ¶ 1). Some of the responsibilities under the DEA include investigating and preparing for prosecutions of offenders who operate in the U.S. and internationally. Drug offenders also include local gangs who carry out drug distribution in our communities. DEA manages a national drug intellect program in collaboration with local, state, federal, and foreign officials to gather and investigate distribution tactics. Throughout the years the DEA has done many operations in the United States and in foreign countries. During the 1960s drugs were becoming a serious problem in the United States. Drugs began to spread throughout the nation forcing the government to turn their focus on helping the prevention of this problem. The drug enforcement administration was fairly new in the early 1970s, but started right away in capturing many drug traffickers. On January of 1974, the DEAShow MoreRelatedEssay on Drug Enforcement Administration1023 Words   |  5 PagesWhat I Know About the Drug Enforcement Administration The Drug Enforcement Administration (DEA) works to lessen and eliminate the use, transportation, and sale of drugs in the United States. They are the only government organized organization with the purpose of controlling drug traffic. The Drug Enforcement Administration seems to be most known for their role in stopping drug transportation across borders by use of DEA officers, police-trained dogs, and other tools. To my knowledge the DEA mayRead MoreEssay on The Drug Enforcement Administration 1712 Words   |  7 PagesOrigin of the Agency The Drug Enforcement Administration has a long history that marks its significance and succession. Much had been going on during the late nineteen-sixties and early seventies that shaped the years between such as: the assassination of Martin Luther King Jr., the Hippie movement, the closing days of the Vietnam War, the disbandment of the Beatles, Woodstock, the first man on the moon, and the beginning of the Watergate scandal (to name a few). President Richard Nixon took officeRead MoreDrug Enforcement Administration ( Dea )2134 Words   |  9 Pagesto the Oro Valley Police Department in Oro Valley, Arizona and the Federal agency called the Drug Enforcement Administration (DEA). I will explain the history of each agency, where these agencies have their jurisdiction, the types of crimes they investigate and describe the similarities and differences between the Oro Valley Police Department in Oro Valley, Arizona and the Drug Enforcement Administration (DEA). History The Oro Valley Police Department (OVPD) has kept the peace since 1974. In 1983Read MoreThe Drug Enforcement Administration ( Dea )917 Words   |  4 Pagesfor, â€Å"the Drug Enforcement Administration† this administration was created in 1973 by President Richard Nixon (DEA). The Drug Enforcement Administration was created to have greater impact on stopping drug deals and any type of drug distribution within the United States. Many people believe the DEA is separate from the other law enforcement agencies, but the Criminal Justice System all comes together to prevent any drug related incidents and stop them whichever way that they can. Drug enforcing agenciesRead MoreThe Drug Enforcement Administration ( Dea ) Essay1189 Words   |  5 PagesIt’s been used traditionally as both a medicine and a textile. It’s reportedly helpful for treating drug addiction, and its consumption has never resulted in a documented death from toxic overdose. But the Drug Enforcement Administration (DEA) considers it a dangerous drug with no medical value. Sound familiar? No, this isn’t about Cannabis. This is about the leaves of a native Southeast Asian tree commonly known as â€Å"Kratom.† Its official botanical name is Mitragyna speciosa, and it’s the onlyRead MoreDrug Enforcement Administration ( Dea ) Essay1602 Words   |  7 PagesDear U.S Drug Enforcement Administration (DEA), I am writing to you, as to express my concern about the heroin abuse issue. According to a National Institute of Drug Abuse 2013 statistic, it states about 24.4million Americans including teens from age of 12 had used heroin in their daily life and this number is expected to be increased tremendously every year. Heroin has been invented only to be used in medical sector such as to relieve pain, but people nowadays have misused the usage of heroinRead MoreOfficials With The U.S. Drug Enforcement Administration3138 Words   |  13 PagesOfficials with the U.S. Drug Enforcement Administration say that the number of indoor marijuana plants in California has quadrupled in the last three years. Many of these plants have occurred in middle-class and upper-class suburbs. Buyers have bought homes here because the financing of these homes are cheap. They have been remodeled to build farms which are built indoors. These indoor pot operation uses sophisticated irrigation, ventilation an d lighting. This structure can contain 1,800 plantsRead MoreCriminal Justice : A Drug Enforcement Administration Agent977 Words   |  4 Pages Law Enforcement category of criminal justice is a Drug Enforcement Administration agent. This job requires dealing with all major drug offenders, such as drug trafficking and major drug trades. DEA agents work for the U.S. Drug Enforcement Administration, and their mission is to eliminate the use and sale of drugs in the United States. The duties of a DEA agent change based on the current drug issues. Some of the duties that an agent may be asked to perform include investigating new drugs emergingRead MoreThe Secret Service Agent ( Drug Enforcement Administration )1015 Words   |  5 Pagesand protection who harms or threat our homeland which is the United States of America. They have missions that take place all over the world. Agents have different agencies they could work for like the DEA (Drug Enforcement Administration). The DEA which is the (Drug Enforcement Administration) was created by Richard Nixon through an Executive order in 1978. When the DEA was first created it had about 1,740 secret agents and a budget less than $75 million. Now in present time the agency now has aboutRead MoreDea Research Paper804 Words   |  4 PagesAverage Law Enforcement August 3, 2011 DEA: Putting an End to the National Trafficking In the twenty-first century there is a plethora of drugs distributing from Mexico to the United States all the way to Canada causing numerous people to be sentenced to prison, to depart from their families, and to even die. Luckily, there is one law enforcement agency created by the U.S. government to banish these horrible facets, the Drug Enforcement Administration (DEA). Breaking down and destroying drug empires

Psychological Research Report on Memory Essay - 1467 Words

ABSTRACT How is memory encoded and what methods can lead to greater recall? There have been many different models suggested for human memory and many different attempts at defining a specific method of encoding that will lead to greater recall. In this experiment subjects are asked to do a semantic task on a word related to them and an orthographic task in which they analyze the letter in the word. The results of the experiment indicate that the words which where encoded semantically and are related to the self have greater recall. INTRODUCTION In the last half century several theories have emerged with regard to the best model for human memory. In each of these models there was a specific way to help people recall words and†¦show more content†¦Low levels of processing include operations like counting the letters in words and higher levels of processing might include forming semantic relationships such as understanding what the words’ meaning is. According to Craig and Lockhart who formulated this theory memory recall would improve as the information is processed in greater depth. However it has been hard to define exactly what depth is and it has been found that there are other factors that make people remember things. (Zachmeister, E.B., Nyberg 1982) In further studies with human memory it has been found that information that is related to a person’s self is recalled better. This is called SRE or self-reference effect. There have been several explanations for this effect. One is that the self is thought of as a very elaborative memory structure and so when information is related to it is easier to recall because of its connection to that structure. It has also been thought that this might be because of the fact that a person is asked to evaluate a word and this improves recall. One proposition that has been proven experimentally is that the SRE exists because of better recall through organization. In any question where a word has to be related to oneself it has to be organized into one of at least two categories. Through doing this a person will be able to assist his recall of these words. (Klein, Stanley B. Kihlstrom, Jhon F. 1986) The present experiment is a replicationShow MoreRelatedA Split Personality: The Cause and Effects of Multiple Personality Disorder 1285 Words   |  6 PagesDisorder Multiple Personality Disorder, (also called Dissociative Identity Disorder) is an abnormal psychological phenomenon which has baffled psychologists and psychiatrists for years. It is a syndrome marked by the clear existence of two or more â€Å"personalities† (or identities) in a single person, each personality having separate memories, behaviors, physical attributes, and even different gender than the patient. Studies prove thatRead MoreEarly Psychological Research On Cognitive And The Nature Of Psychological Studies Essay1515 Words   |  7 PagesEarly psychological research emphasized observable and objectively measureable outcomes. However, the idea of cognitions eventually become more popular, and the nature of psychological research (i.e., to understand both behavior and internal processes) was adapted to inquire about participants’ internal experiences (e.g., thoughts and emotions). Knowledge of these experiences is typically assessed via self-report questionnaires. Despite self-report being the most common method of personality assessmentRead MoreRepressed Memories : Truth Or Fiction1129 Words   |  5 Pages Repressed Memories: Truth or Fiction Talia E. Shuman The University of Tampa â€Æ' Repressed Memories: Truth or Fiction When people think of memory repression, people think of child sexual abuse scandals, parental abuse, traumatic injuries, and post-traumatic stress disorder. Memory repression is thought by some to be a defense mechanism of the brain in the event of extreme distress. The memory of the event is pushed back into the corners of the unconscious, and is only recovered after a longRead MoreEmotional Intelligence and Athletic Performance1744 Words   |  7 Pagesintelligence that involves â€Å"the ability to monitor one’s own and others’ feelings and emotions, to discriminate among them and to use this information to guide one’s thinking and actions† (Salovery and Mayer, 1990, p. 189). After investigating two research studies related to emotional intelligence and performance, it is quite evident that emotional intelligence can have some effects on one’s performance; therefore, it is important for athletes to know how to recognize and regulate their emot ions duringRead MoreWhat Is the Effect of Media Violence on Children1314 Words   |  6 Pages1010-18 13, December 2010 The Effect of Media Violence on Children Although very little research was done on it in the past, media violence has sparked much controversy in recent history. As technology becomes more advanced, new methods of uncovering the media’s effects on children have emerged. Advances in Neuroscience, for example, can become tools to understanding the effects media violence has from a psychological standpoint. The brain in its underpinnings from an MRI scan can suggest whether anRead MoreHow Does Internet Addiction Affect Different Aspects Of An Individual And The Brain?1700 Words   |  7 Pagesdefined loosely as a pattern of addictedness to the use of the internet (Mosher). Chao and Hsiao defined IAD as â€Å"an individual’s inability to control his or her use of the internet, which eventually causes psychological, social, school, and/or work difficulties in a person’s life† (Akhter). Many reports believe that an individual may rely on the internet to avoid anxiety provoking situations like face to face interaction, or as a way to escape from reality. Dr. Orzack from The Clinical Associate in PsychologyRead MoreThe Themes Listed Under Functional Age1294 Words   |  6 PagesResearch and Analysis The research analysis will now discuss the themes listed under functional age. It will elaborate on how biological, psychological and sociological factors contribute towards describing the definition of what it is to be old. As stated in my introduction, functional age has advantages over chronological age by better measuring the capabilities of an individual. Seniors are often stereotyped and underestimated that has led it to being generalized across the elder population.Read MoreDissociative Identity Disorder And Multiple Personality Disorder1399 Words   |  6 Pagesduring the Paleolithic Era in the form of shamans turning into animals. Furthermore, experts believe that historic reports of demonic possession were actually cases of DID. In 1646, a Swiss physician named Paracelsus reported that he had met a woman who claimed that she had been robbed by her other personality who later had no memory of the robbery. This is known as the first legitimate report of Dissociative Identit y Disorder. A few more cases of DID were reported after this, but in 1910, Eugen BleulerRead MoreChild Witnesses Realism, By Carl Allwood, Par Granhag And Anna Carin Jonsson1644 Words   |  7 Pageswatching a brief kidnapping video. Children are often used as witnesses during a legal investigation and during the trial. Children are regularly asked how confident they are in their memories, and the jurors rely massively on the child’s certainty of their testimony. â€Å"Eyewitnesses are often mistaken, and previous research has concluded that a mistaken eyewitness’ testimony is the single largest cause of jury convictions of innocent people† (Allwood et al., 2006, p. 1). Allwood et al. hypothesized thatRead MoreThe Impact Of Terrorism On The United States932 Words   |  4 PagesThese results are supported by a contemporary study by Koren, Amon and Klein into the prevalence of PTSD in motor vehicle accident victims in the Netherlands, suggesting that only 3.8% of motor vehicle accident victims will manifest symptoms of PTSD. Research into survivors of childhood cancer linked to PTSD revealed that children who have experienced extensive treatment - such as cranial radiotherapy - before the age of four, stemcell transplants, or high doses of anthracycline or alkylating agents formed

Nike Cost of Capital solution free essay sample

Kimi Ford, a portfolio manager for the mutual-fund management group NorthPoint, was reviewing the financials of Nike Inc. to consider buying shares for the NorthPoint Large-Cap Fund that she managed. A week prior, Nike Inc. held an analysts’ meeting to share their 2001 fiscal results and develop a strategy to revitalize the company. II. Background of Firm Nike’s revenues since 1997 had grown from $9 billion, while net income had fallen $220 million. A study written by Douglas Robson printed in Business Week revealed that Nike’s market share in the U. S. athletic shoe industry had fallen from 48 percent to 42 percent since 1997. In addition, supply-chain issues and the effects of a strong dollar negatively affected revenues. In the meeting, management planned to increase revenues by developing athletic-shoe products in ranges varying between $70-$90 and push their apparel line. Nike’s executives expressed that the company would still continue with a long-term revenue growth target of 8-10 percent and earnings-growth target above 15 percent. III. Statement of Situation After reading all the analysts’ reports, Kimi Ford decided to develop her own discounted-cash-flow forecast to achieve the investment decision for her mutual fund. The forecast showed that at a 12 percent discount rate, Nike’s stock price was overvalued at $4. 82 per share. She created a sensitivity analysis, which revealed that Nike’s stock was undervalued at discount rates of less than 11. 7 percent. The results concluded from the sensitivity analysis made Kimi Ford unsure of her decision on Nike stock; she proceeded to ask Joanna Cohen to estimate Nike’s weighted average cost of capital. IV. Constraints on Solution Cohen calculated a weighted average cost of capital of 8. 4 percent by using the capital asset pricing model for Nike Inc. Cohen’s calculations are incorrect because she used the book value for both debt and equity. When calculating cost of capital, the market value of debt and equity must be used. The market value of equity is found by multiplying the stock price of Nike Inc. by the number of shares outstanding. V. Possible Solutions The analyst team calculated Nike Inc. cost of capital by using two different models and approaches and then choosing the best one based on confidence in the data. Market Value of Equity = (Stock Price * # Shares Outstanding) E = ($42. 09 * 271. 5) E = ($11,427. 44) The above calculation of market value of equity is much higher than the book value of equity that Cohen used of $3,494. 50. In addition, for market value of debt, Cohen uses the book value instead of using the discounted value of long-term debt. The market value of debt is calculated by adding the present portion of long-term debt, notes payable, and long-term debt discounted at Nike’s accepted coupon rate. Market Value of Debt = (Present LT Debt + Notes Payable + LT Debt) D = ($5. 40 + $855. 30 + $435. 9) D = ($1,296. 60) With these calculations, the weight of debt and equity of Nike and the company can be calculated. Once these weights are calculated, the company’s capital structure can be concluded. Weight of Debt = (Debt / Debt + Equity) W = ($1,296. 60 / $1,296. 60 + $11,427. 44) W = (10. 19%) Weight of Equity = (Equity / Debt + Equity) E = ($11,427. 44 / $1,296. 60 + $11,427. 44) E = (89. 80%) In addition, another issue is finding the correct costs of debt and equity in order to find the correct calculation of WACC. Cohen used the 20-year yield on U. S. Treasuries of 5. 74% as the risk free rate, which is correct given the debt was valued over 25 years and there is no given yield for that amount of time. Calculating the market risk premium requires using the two historical equity risk premiums given for a time period from 1926 to 1999: Geometric mean and arithmetic mean. The arithmetic mean is better for a one-year estimated expected return. Considering the 20-year yield on U. S. Treasuries of 5. 9, using the geometric mean is the best choice because it is for a longer time. To use the CAPM approach, a beta for Nike Inc. had to be decided on. To account for significant beta changes, using the average beta of . 80 was the best choice. This was decided on because using the YTD beta of . 69 was showing the past and not a good reflection of potential revenues. In addition, the average beta of . 80 will better show increases in market share. Cost of debt was calculated by the yield to maturity on 20-year Nike Inc. debt with a 6. 75 percent coupon semi-annually. The cost of debt was calculated as follows: PV = -937. 61 N = 40 Pmt = 33. 75 FV = 1000 I/Y = 3. 67% semi-annually (YTM) = 3. 67% * 2 = 7. 34% After-tax cost of debt = . 0734 x (1-. 38) = . 0455 or 4. 55% The cost of equity was calculated as follows: K(e) = Rf + Beta * (MRP) K(e) = 5. 74% + . 8 * 5. 90% K(e) = 10. 46% Using the values from calculating the weight and cost of both debt and equity, the cost of capital is determined to be 9. 86 percent. Using the WACC formula, the analysts’ team came to a different conclusion than Ms. Cohen. WACC = Wd*Kd (1-T) + WeKe = . 1019*. 0734 (1-. 38) + . 8980*. 1046 = 9. 86% The next model that the analysts’ team used to calculate the cost of capital was the dividend discount model. This model assumes that the company pays a substantial dividend. This model was rejected because Nike Inc. does not pay a substantial dividend. DDM = [Do (1+g)/Po] + g DDM = [. 48(1+.055)/42. 09] + . 055 DDM = 6. 70% . The final model used to compute the cost of capital was the earning capitalization model. The analysts’ team chose to reject this model because it does not take growth into account. ECM = E1/Po ECM = 216/42. 09 ECM = 5. 31% VI. Recommendation The analysts’ team found the weighted average cost of capital by using CAPM, finding a discount rate of 9. 86 percent. The WACC calculation difference of 1. 46 percent was higher than what Ms. Cohen calculated ofat 8. 40 percent. At a discount rate of 12 percent, Ms. Ford calculated Nike’s equity value per share at $37. Which is undervalued from the present market share of $42. 09. Using the discount rate of 9. 86 percent the analysts’ team estimated an equity value higher than Ms. Ford’s. The estimate of $44. 11 equity value per share overvalued(? ) the present value by $2. 02. This data concluded that Nike Inc. should not be added to the NorthPoint Large-Cap Fund at this time because the stock is overvalued. She should watch the company closely because Nike Inc. has growth potential that would be beneficial to her fund. Nike Inc’s. management has plans for the future that if successful could provide the company with abundant revenues.