Convince Me! A Persuasive Writing Activity

Convince Me! A Persuasive Writing Activity ​As your child starts learning more complicated types of writing, she’ll be introduced to the idea of persuasive writing. If she’s the type of kid who frequently challenges or debates what you have to say, then the hardest part of persuasive writing will probably be the writing itself- she’s already working on the persuasion piece! The Convince Me! activity is an easy way for you and your child to practice persuasive writing at home, without the worry of getting a good grade. Persuasive writing puts the everyday challenges and debates into a written form. A good piece of persuasive writing explains the issue at stake, takes a position, and then explains the position and its opposing stance. Using facts, statistics and some common persuasive strategies, your child’s argument essay tries to convince the reader to agree with her. It may sound easy, but if your child doesnt hold her own well in arguments or has trouble doing research, she may need some practice to become convincing. What Your Child Will Learn (or Practice): Persuasive writingResearchAnalytical thinkingNegotiation and written communication Getting Started with the Convince Me! Persuasive Writing Activity Sit down with your child and talk about she needs to do to make somebody else see her side of an issue. Explain that while sometimes she argues, when she backs up what she’s saying with good reasons, what she’s really doing is convincing the other person, given the other person justification for seeing things her way.Prompt her to come up with some examples of situations in which she tried to change your mind about something she didnt agree with. For example, maybe she’s successfully negotiated an increase in her allowance. Tell her that the word for what she did was to persuade you, which means she was influencing what you thought or was convincing you to look at things differently.Together, brainstorm words and phrases that can to try to persuade someone and write them down. Talk about things that happen around the house that you and your child don’t always agree on. You may want to stick with topics that are not going to cause huge fights since this is supposed to be a fun activity. Some ideas to consider include: allowance, bedtime, how much screen time your child has daily, making her bed, the time frame in which laundry has to be put away, the division of chores between children, or what types of food she can eat for after-school snacks. (Of course, these are simply suggestions, there may be other issues that come up in your household that arent on that list.) Choose one and let your child know you might be willing to change your mind about it if she can write a convincing and persuasive essay explaining her reasoning. Make sure she knows her essay has to say what she thinks should happen and use some persuasive words, phrases and strategies.It is absolutely crucial to make sure to set the conditions under which you’ll give in. For example, maybe her goal is to try to convince you to change your mind about eating sugary cereal over the summer, not for the rest of her life. If she convinces you, you must live with the change. Set the rules for engagement first, and dont change them.Read the essay and consider her arguments. Talk to her about what you thought was convincing and which arguments didnt convince you (and why). If you’re not totally persuaded, give your child the opportunity to rewrite the essay with your feedback in mind. Note: Don’t forget, you really need to be prepared to make changes if your child is persuasive enough! It’s important to reward her if she writes a very good piece of persuasive writing.

The Classical Definition of a Tyrant

The Classical Definition of a Tyrant A tyrant- also known as a basileus or king- in ancient Greece meant something different from our modern concept of a  tyrant as simply a cruel and oppressive despot. A tyrant was little more than an autocrat or leader who had overturned an existing regime of a Greek polis and was, therefore, an illegitimate ruler, a usurper. They even had some measure of popular support, according to Aristotle. Before Turannoi Were Tyrants: Rethinking a Chapter of Early Greek History, by Greg Anderson, suggests that because of this confusion with modern tyranny, the perfectly good Greek word should be removed from scholarship on early Greece. Peisistratus (Pisistratus) was one of the most famous of the Athenian tyrants. It was after the fall of the sons of Peisistratus that Cleisthenes and democracy came to Athens. Aristotle and Tyrants In his article, The First Tyrants in Greece, Robert Drews paraphrases Aristotle as saying that the tyrant was a degenerate type of monarch who came to power because of how insufferable the aristocracy was. The people of the demos, fed up, found a tyrant to champion them. Drews adds that the tyrant himself had to be ambitious, possessing the Greek concept of philotimia, which he describes as ​the  desire for power and prestige. This quality is also common to the modern version of the self-serving tyrant. Tyrants were sometimes preferred to aristocrats and kings. The article, ÃŽ ¤Ã Ã ÃŽ ±ÃŽ ½ÃŽ ½ÃŽ ¿Ãâ€š. The Semantics of a Political Concept from Archilochus to Aristotle, by Victor Parker says the first use of the term tyrant comes from the mid-seventh century B.C., and the first negative use of the term, about a half-century later or perhaps as late as the second quarter of the sixth. Kings vs. Tyrants A tyrant could also be a leader who ruled without having inherited the throne; thus, Oedipus marries Jocasta to become tyrant of Thebes, but in reality, he is the legitimate heir to the throne: the king (basileus). Parker says the use of tyrannos is common to a  tragedy in preference to basileus, generally synonymously, but sometimes negatively. Sophocles writes that hubris begets a tyrant or tyranny begets hubris. Parker adds that for Herodotus, the term tyrant and basileus are applied to the same individuals, although Thucydides (and Xenophon, on the whole) distinguishes them along the same lines of legitimacy as we do. Greg Anderson argues that before the 6th century there was no difference between the tyrannos or tyrant and the legitimate oligarchic ruler, both aiming to dominate but not subvert the existing government. He says that the construct of the age of tyrant was a figment of the late archaic imagination. Sources Before Turannoi Were Tyrants: Rethinking a Chapter of Early Greek History, by Greg Anderson; Classical Antiquity, (2005), pp. 173-222. The First Tyrants in Greece, by Robert Drews; Historia: Zeitschrift fà ¼r Alte Geschichte, Bd. 21, H. 2 (2nd Qtr., 1972), pp. 129-14 ÃŽ ¤Ã Ã ÃŽ ±ÃŽ ½ÃŽ ½ÃŽ ¿Ãâ€š. The Semantics of a Political Concept from Archilochus to Aristotle, by Victor Parker; Hermes, 126. Bd., H. 2 (1998), pp. 145-172.

Is Police accountability a special case, or merely one example of the Essay

Is Police accountability a special case, or merely one example of the tension inherent in all accountability arrangements between allowing agents the exercise o - Essay Example The OSCE in its report on democracy in Serbia says that to establish democratic stability in a country "it is crucial that the policing is both democratic and free from political interference" (OSCE, 2002). For this purpose, accountability is essential both within and outside the organization. This is to ensure that the police do not function in an undemocratic manner and can be held to account by the citizens for its actions. The report says that the most important feature of democratic policing is that "policing must be with the general consent of the public" (OSCE, 1). This applies both to the actions of the police personnel and the manner in which the action occurs. There must be an ongoing dialogue between the public and the police regarding the style of policing and the limitations of police powers (OSCE, 1). It implies an agreed understanding between the two about when the police will intervene and the acceptable ways for them to do it. It is known as "moral consensus." In this system there is a balance between power and accountability. Power is granted to the police forces by the parliament on behalf of the citizens, who are granted the ability to hold the police accountable for their actions, policies, procedures, priorities, and expenditure (OSCE 2002). The police is also expected to have integrity, fairness, sensitivity, and these values are upheld through systems of accountability. In a democracy, policing needs to be based on consent across the community (Accountability I). "The community recognizes the legitimacy of the policing task, confers authority on police personnel in carrying out their role in policing and actively supports them" (Accountability I). Consent depends on proper accountability. The police needs to be accountable in two senses - the subordinate or obedient sense; and the explanatory and cooperative sense. In the former sense, the police are subordinate to the law and the community expects to get the service for which its money is spent. In the latter sense, the public and police need to communicate with each other and work in partnership to ensure effective policing. OSCE has recommended five levels of supervision to ensure accountability of the police forces to the public. These are: 1. Internal affairs: The first level of accountability insists on integrity. There is the need for an internal affairs department which overlooks the integrity of the individual police staff. Its responsibility will be to investigate allegations of crime, corruption and inappropriate behaviour on the part of the police personnel. They would also devise tactics to prevent corruption. 2. External oversight: To uphold the integrity of this internal affairs department there needs to be an organization, completely independent of the police, which will oversee the allegations of crime, corruption and malpractices against the police. This external organization would also have the right to see the documents of the internal affairs department. This organization would report back to the public after investigating allegations against the police department. It will also be able to influence police procedures and comment publicly on incidents (OSCE 2002).3. Parliamentary oversight: The external oversight organization also needs

Correctional Institution , Criminology major Essay - 3

Correctional Institution , Criminology major - Essay Example Other issues that arise from prison rape are contraction of conditions such as HIV / AIDS which can be fatally devastating. Murder and assault: this is mostly because of hate crime in prison. When prisoners disagree, they are not likely to consult prison authorities as they prefer to settle their differences personally. Crimes are a means of exacting revenge. Weapons dealing: aside from using natural means such as physical strength to fight, assault and even murder, prisoners also use weapons. Most of the weapons they use are crude ones such as knives or improvised sharp objects. These weapons are within the prison walls or from outside the prison. Drug dealing: there is a positive correlation between drugs and crime. For prisoners arrested for drug possession and use there is still an urge to continue using drugs, this creates ready market. Through smuggling, prisoners are able to get access to money. This money funds drug deals and purchase of weapons (Mà ¸ller, Gatherer, Jà ¼rge ns, Stà ¶ver & Nikogosian 55). The psychology of the inhabitants of the correctional institutes: persons in correctional institutes reside in the institution because of committing crimes. In this light, therefore, there is a likelihood of them carrying on these activities even while in prison. Prisoners sentenced to life imprisonment in most cases do not see the need of being model citizens. They, therefore, perpetrate crimes at will because they are of the view that the worst that could happen to them has already happened (DeRosia & Victoria 101). Another contributing factor to this issue is public opinion. The public views prisoners as awful people incapable of reform. This kills the moral of an individual, and they do not see the need of change especially while in prison. The public and the prisoners get their influence from the media. There are one too many programs

Ethics in the Workplace Essay Example for Free

Ethics in the Workplace Essay The case study provided in Craig E. Johnson’s book, Ethics in the Workplace , is a moral and valuable lesson regarding the blurred vision between a for profit and a nonprofit. This example, while it may be considered severe, is an excellent one that leads the reader to more important questions. The question of whether nonprofits should operate as businesses encourages the reader to think about the pros and cons of each. If a nonprofit were to operate as a business, it would basically eliminate the unending concern about funding. Nonprofits, operating as a business, would be able to reap the benefits of for profit companies making more money for the organization but not necessarily the mission. However, this would ultimately lead to more expenses as the budget would have to include higher amounts in staff pay, marketing, and benefits. Another con of operating as a business is taxes. Nonprofits would no longer be exempt from paying taxes and once again, the cost would greatly increase the budget. Probably the most dangerous aspect of a nonprofit run as a business is the loss of the mission and vision. One may be concerned that the need for money and greed will usurp the original mission of the nonprofit. Should businesses operate more like nonprofits? This question is a difficult one to answer. Nonprofits exist for social justice, in many cases nonprofits pick up where the government has left off. While our economy is based on supply and demand, there is societal pressure to be charitable and giving. If businesses were to be as charitable as a nonprofit, they would undoubtedly lose money and perhaps close due to lack of funding, yet, their sense of social justice would be fulfilled. Since there will always be consumers, thus a demand for goods and services, businesses should not operate as nonprofits. As cited in the case study in the introduction by Johnson (Johnson, Ethics in the Workplace, 2007), the Goodwill Branch in Portland, Oregon does compete on the same level as businesses in the area. The Branch pays their top staff over $100,000 with the CEO’s salary at a whopping half a million. Yet, because they are registered as a nonprofit, they are exempt from paying taxes on goods and services, people utilizing the nonprofit get services for free, and they are able to pay their staff lower than competitive wages. If, as cited in the case study, a nonprofit competes on all levels with a for profit business, then the competition must be fair. Either the nonprofit has to begin to pay taxes or taxes for the business should be eliminated. It is important to note, however, that the elimination of taxes would devastate the economy. When it comes to salaries, businesses definitely have the upper hand. Because businesses operate to make money, they can afford to hire only the best in the fields. Nonprofits, relying more on government funding, are unable to afford those astounding costs. Furthermore, nonprofits operate under the definition of social services. For a nonprofit to lose sight of that and pay top dollars for staff, is a vision they can not afford to lose. Thus, executives of nonprofits should in no way be compensated or expect to be compensated at the same rate as their business counterparts. The services offered are meant to be taken advantage of by disadvantaged citizens and pay rates should reflect that mission. In the case study previously mentioned, Michael Miller, the CEO of the Goodwill Branch in Portland Oregon, is receiving a salary of $500,000 not including benefits and expenses. Moreover, some of the workers at that same branch are making below minimum wage. It is immoral for Mr. Miller to receive such a high salary, not only because his staff is making considerably less but more importantly because the salary is not in line with the overall charitable mission of Goodwill. It is unreasonable to believe that staff pay will remain the same as a nonprofit expands. However, certain standards must be in place to substantiate higher salaries. Standards may include: overall budget of the nonprofit and allocation of funds, effective service of the nonprofit based on data taken from all available programs, how the nonprofit compares to others in its region or state, and how well they are fulfilling their mission. The question as to whether this writer would charitably donate to the sight mentioned in the study can best be answered by weighing morals against greed. This writer believes that they would not donate to the sight unless there was documented proof that at least 90% of the donation was going to the people it was intended to help. Since this branch is more likely to document exaggerated salaries such as the CEO’s, it is unlikely a donation would be made to that particular branch.

Hawksmoor :: English Literature

Hawksmoor - There are many puzzling features in this novel - Discuss three in detail, looking at the way they are communicated. 'Hawksmoor' as a novel is on the whole, puzzling. As it is a detective story, Peter Ackroyd uses different techniques of involving the reader in his plot so that even if the beginning is not fully understood, we have to go on reading it just to see what happens next. These different features, for example, the juxtaposition of the time periods between the chapters; the post-modernistic aspects of Ackroyd's writing; and the conflicts between reality and fiction all make the novel puzzling. Time in this novel is very confused, with two time periods (the modern day and the eighteenth century) being juxtaposed in alternate chapters throughout the novel. The theme of time is continued on this premise and there are many references to time by the characters themselves. For example at one point, Nicolas Dyer says: "..how do we conclude what time is our own." Nicolas Hawksmoor also asks: " 'Well, Walter, what do you make of that timing?' 'It's impossible, sir.' 'Nothing is impossible. The impossible does not exist'" Not only are there direct referrals to time, like this but also there are tenuous links and suggestions to it as a dominant theme. For example, Hawksmoor is looking for the zero meridian when he is in Greenwich and there are many others. The changes in time are highlighted by the interesting use of language for the chapters narrated by Nick Dyer. Many spellings are different from modern English, for example, corpse is spelt 'corse'. Ackroyd also uses capital letters for nouns in these chapters. The eighteenth century writing is a constant reminder to the reader of which time period is being read about and is particularly prominent when the chapter and therefore the time period changes. Furthermore, it means that the reader has to concentrate more and because of the different formation of sentences it is difficult for the reader to follow at times, which is consistent with the detective story theme. Ackroyd wants the reader to be actively involved in the plot and they need to pick up on any small threads that he drops. As the novel progresses, there is an increasing confusion with time, so much so that at points it seems barley present. Ackroyd highlights this with the abundance of flashbacks that both the main characters have and because of this the time is changing not only between the chapters but also within them. Dyer has many flashbacks to his past and they often come without warning or relevance to what was previously talked about.

Regent Park

Chapter 7 Essay Q’s 1. ABC Corporation, a Canadian firm, wants to float a bond issue in the United Kingdom. Which choices does the company have? Discuss the main characteristics of each option. What do you recommend? Answer: ABC Corporation can issue foreign bonds (Bulldogs) or Eurobonds. Foreign bonds are bonds issued by a foreign borrower in a national market, in the national currency, and subject to the national securities regulations. Eurobonds are bonds sold in countries other the country that issued the denominating currency.Foreign bonds tend to be registered bonds and subject to the local regulations while Eurobonds tend to be bearer bonds. Generally, foreign bonds are more costly than Eurobonds. Therefore, Eurobonds are likely the better option. page: 157-158 2. A- Canada Inc. has issued a dual-currency bond that pays $555. 10 at maturity per SF1,000 of par value. The company’s cash flows are exclusively in Canadian dollars. a) What is the implicit $/SF exchang e rate at maturity? b) Will the company be better or worse off if the actual exchange rate at maturity is $0. 6123/SF? Answer: a) $555. 10/SF 1,000 = $ 0. 5551 b) The company will be better off.Page: 175, problem 3 3. ZZZ Corp. wants to issue zero-coupon bonds with a 10-year maturity. The implied yield to maturity on these bonds is 5% and ZZZ Corp. wants to raise $10,000,000. (Assume no transaction costs). How much money will ZZZ Corp. have to pay at maturity of the bond? Answer: 10,000,000 (1. 05)10 = $16,288,946. 27 4. Assume Bank of Montreal has two zero-coupon bonds outstanding, each for a face value $100,000,000. Bond A matures in 10 years and sells at a discount of 35% off face value and bond B matures in 20 years and sells at a discount of 60% off face value. Calculate the implied yield to maturity of each bond.Answer: Bond A: 650,000,000(1 + i)10 = 100,000,000 i = 4. 4% Bond B: 400,000,000(1 + i)20 = 100,000,000 i = 4. 67% 5. What happens to the present value of the bonds in 4. , if the implied yield to maturity increases by 1%? Answer: Bond A: 100,000,000/(1. 054)10 = 59,100,872. 35 The present value of the bond decreases by 65,000,000 59,100,872. 35 = 5,899,127. 65 Bond B: 100,000,000/(1. 0567)20 = 33,186,836. 18 The present value of the bond decreases by 40,000,000 33,186,836. 18 = 6,813,163. 82 Chapter 8 [Question] 1. Assume that Nestle shares are trading at SF 300 in Zurich and $ 51 in New York. Each share equals 4 ADRs.The current exchange rate is SF1. 5/$. In the absence of transaction costs, can you make an arbitrage profit? Answer: Yes. Buy one share in Zurich for SF 300 or $ 200 (300/1. 5), exchange to ADRs and sell the ADRs for 4*51 = $204; profit $4 [Question] 2. Assume that Nestle shares are trading at SF 300 in Zurich and $ 51 in New York. Each share equals 4 ADRs. The current exchange rate is SF1. 5/$. If transaction costs are $1 per ADR, can you make an arbitrage profit? Answer: No, transaction costs = potential profit Potential profit in the absence of transaction costs: Buy one share in Zurich for SF 300 or $ 200 (300/1. ), exchange to ADRs and sell the ADRs for 4*51 = $204; profit $4 [Question] 3. What factors go into the decision to cross-list on a foreign exchange? Answer: When deciding whether to cross-list shares on a foreign exchange, the firm has to consider the expected benefits and costs. The benefits may be: to establish a broader investor base for its stock, to establish name recognition in foreign capital markets, thus paving the way for the firm to source new equity and debt capital from investors in different markets, and to expose the firm’s name to a broader investor and consumer groups.The costs include: listing fees, reconciliation of the accounting standards of two countries, compliance with the regulations of the foreign exchange, and investor relations. page: 187. [Question] 4. Assume that Accor shares are trading at A$2. 5 in Sydney and $28 in New York. Each ADR equals 20 shares. The current exchange rate is A$1. 5/$. In the absence of transaction costs, can you make an arbitrage profit? Answer: Yes. Buy one ADR in New York for $28 (or A$42), exchange to shares and sell the shares for A$50; profit A$8 [Question] 5. Assume that Accor shares are trading at A$2. 5 in Sydney and $28 in New York.Each ADR equals 20 shares. The current exchange rate is A$1. 5/$. At what transaction cost per share would there be no profit opportunity? Answer: A$8/20 = A$0. 4 Buy one ADR in New York for $28 (or A$42), exchange to shares and sell the shares for A$50; profit A$8 less transaction cost of 20*. 4 = A$8; profit = 0 Chapter 9 – I don’t believe there will be anything from here tho Chapter 10 [Question] 1. The following information is given: Both parties want to engage in an interest rate swap. Assume that S Bank will arrange for an interest rate swap between X Company and Y Company for 0. % . Also, assume that X Company gets 2/3 of the interest savings available. a) Which company has a better credit rating? b) What is the quality spread differential? c) What is X Company’s preferred type of debt? What rate of interest does it pay on this debt after the swap? d) What is Y Company’s preferred type of debt? What rate of interest does it pay on this debt after the swap? e) Illustrate the cash flows from this swap. Assume that X Company pays LIBOR to S Bank. Answer: a) X Company b) QSD = 2 1. 3 = 0. 7 c) Floating LIBOR . 4 d) Fixed 6. 8% e) [Question] 2.The following information is given. ABC Inc. and XYZ Inc. have agreed to swap their debt payments so that each firm gets its preferred debt terms. They can arrange an interest rate swap through Big Bank. Big bank charges 0. 15% for its services. The remaining savings from the interest rate swap are equally shared by A and B. QSD: 1% . 25% = . 75%; after bank fees: . 75% . 15% = . 60% savings available a) Does ABC Inc. prefer fixed or floating rate debt? What rate does it pay on its p referred debt? b) Does XYZ Inc. prefer fixed or floating rate debt? What rate does it pay on its preferred debt? ) What are the total interest savings available in this interest rate swap? d) Which company has a better credit rating? Answer: a) ABC Inc. prefers floating and pays LIBOR + . 2 b) Interest Savings: 0. 6%. QSD bank fees = (6 5) (LIBOR + . 75 LIBOR + 0. 50) 0. 15 c) XYZ Inc. prefers fixed and pays 5. 7% d) Company ABC has a better credit rating [Question] 3. The following information is given. Boeing and Airbus have agreed to swap their debt payments so that each firm gets its preferred debt terms. Each firm will save the same amount in percentage terms. ) Does Boeing prefer fixed or floating rate debt? What rate does it pay on its preferred debt? b) Does Airbus prefer fixed or floating rate debt? What rate does it pay on its preferred debt? c) What are the total interest savings available in this interest rate swap? d) Which company has the advantage in fixed rate debt? Answer: a) Boeing prefers floating and pays LIBOR + 0. 05%. b) Airbus prefers fixed and pays 5. 5%. c) Interest Savings 0. 4%. d) Boeing has the advantage in fixed dollar debt. [Question] 4. ABC Corporation has entered into a 10-year interest rate swap with a swap bank. ABC Corp. ays the swap bank a fixed-rate of 6 percent annually on a notional amount of EUR100,000,000 and receives LIBOR – ? percent. What is the price of the swap on the seventh reset date, assuming that the fixed-rate at which ABC can borrow has decreased to 5%. Answer: PV of a hypothetical bond issue of EUR100,000,000 with three remaining 6 percent coupon payments at the new fixed rate of 5 percent is EUR100,000,000/1. 1576 = EUR86,385,625. 54 PV of the three coupon payments is: (6,000,000/1. 05) + (6,000,000/1. 1025) + (6,000,000/1. 1576) = EUR 16,339,488. 18 PV of the Bond and its coupon is = 102,725,113. 1 Therefore, the price of the swap = 100,000,000 102,725,113. 61 = 2,725,113. 61 [Question] 5. Canada Corporation enters into a 2-year interest rate swap with Bank A in which it agrees to pay the swap bank a fixed-rate of 5 percent annually on a notional amount of US$1,000,000 and receive LIBOR – 1 percent. Determine the price of the swap on the first reset date, assuming that the fixed-rate at which Canada Corporation can borrow has stayed unchanged. Answer: PV of a hypothetical bond issue of US$ 1,000,000 with one remaining 5 percent coupon payments at the fixed rate of 5 percent is US$1,000,000Therefore, the price of the swap = 1,000,000 1,000,000 = 0 Chapter 11 [Question] 1. A US investor bought shares in ABC Inc. on the Frankfurt Stock Exchange 2 years ago for EUR 10,000. The exchange rate at that time was EUR 1. 20/USD. Currently, the shares are worth EUR 11,000 and the exchange rate is EUR 0. 80/$. Calculate the investor’s annual percentage rate of return in terms of the U. S. dollars. Answer: The annual percentage rate of return is: 28. 45%. 2-year rate of ret urn = (11,000/0. 8 10,000/1. 2)/(10,000/1. 2) = 0. 65 (1 + r)2 = 1. 65 r = 0. 2845 [Question] 2. A US investor bought shares in ABC Inc. n the Frankfurt Stock Exchange 2 years ago for EUR 10,000. The exchange rate at that time was EUR 1. 20/USD. Currently, the shares are worth EUR 11,000 and the exchange rate is EUR 0. 80/$. The investor had sold EUR 10,000 (the principal investment amount at the same time that the stock was purchased) forward at the forward exchange rate of EUR 1. 15/$. What is the dollar rate of return? Assume that the unhedged portion of the investment is exchanged at the current exchange rate. Answer: The annual dollar rate of return is 9. 25%. 2-year rate of return = (10,000/1. 15 + 1,000/0. 8 10,000/1. )/(10,000/1. 2) = 0. 1935 (1 + r)2 = 1. 1935 r = 0. 0925 [Question] 3. In May 2003 when the exchange rate was Yen 110/$, Nissan Motor Company invested ? 1,100,000,000 in pure-discount U. S. bonds and liquidated the investment one year later when the exchange rat e was Yen 105/$. The Yen rate of return earned on this investment was 10%. a) Calculate the dollar amount that the bonds were sold at. b) Calculate the dollar rate of return of this investment. Answer: a) The dollar amount that the bonds were sold at is: $11,523,809. 0. 1 = (X*105 1,100,000,000)/1 ,100,000,000) b) The dollar rate of return is:15. 4%. (11,523,809 10,000,000)/10,000,000 = . 1524 [Question] 4. A Canadian investor buys shares in DaimlerChrysler on the New York Stock Exchange when the stock’s price and the exchange rate were US$ 40 and US$0. 70/C$ respectively. One year later the investor sells the shares for US$ 41 and the exchange rate is US$0. 80/$. a) Calculate the investor’s annual percentage rate of return in terms of the U. S. dollars. b) Calculate the investor’s annual percentage rate of return in Canadian dollars. Answer: a) Rate of return: (41 40)/40*100 = 2. 5% b) Purchase price in Canadian dollars = 40/. 70 = 57. 4 Selling price in Canadi an dollars = 41/. 80 = 51. 25 Therefore, the Canadian dollar rate of return is: R(C$) = [(51. 25 57. 14)/51. 25] 100 = 10. 313% Chapter 12 1. How can operating exposure be managed? Answer: The object of managing operating exposure is to stabilize cash flows when exchange rates are fluctuating. There are a number of ways in which operating exposure can be managed: (1) selecting low cost production sites (2) using a flexible sourcing policy (3) diversification of the market (4) product differentiation and R&D efforts (5) financial hedging page: 302-304 [Question] 2.Banff Inc. is headquartered in Calgary and produces high-end living room furniture. The firm has a subsidiary in Germany. The wooden frames of the sofas are made in Calgary by an independent contractor and then shipped to Germany. The German subsidiary then upholsters the sofas using Belgium fabrics. Each frame costs the subsidiary C$1,500. The materials and labour for the upholstery amount to euro 2,000 per sofa. Fixed ove rhead costs are euro 1,500,000 for the subsidiary. Banff Inc. expects to be able to sell 3,000 Sofas for 5,000 euros each. The firm can depreciate 1,000,000 euros per year.The German income tax rate is 40%. The current exchange rate is C$1. 5/euro. How would the operating cash flows (expressed in Canadian dollars) change if the exchange rate is C$1. 6/euro, all else equal? Answer: The operating income would increase by C$340,000. [Question] 3. Banff Inc. is headquartered in Calgary and produces high-end living room furniture. The firm has a subsidiary in Germany. The wooden frames of the sofas are made in Calgary by an independent contractor and then shipped to Germany. The German subsidiary then upholsters the sofas using Belgium fabrics.Each frame costs the subsidiary C$1,500. The materials and labour for the upholstery amount to euro 2,000 per sofa. Fixed overhead costs are euro 1,500,000 for the subsidiary. Banff Inc. expects to be able to sell 3,000 Sofas for 5,000 euros each. The firm can depreciate 1,000,000 euros per year. The German income tax rate is 40%. The current exchange rate is C$1. 5/euro. How would the operating cash flows (expressed in Canadian dollars) change if the exchange rate is C$1. 4/euro, all else equal? Answer: The operating income would decrease by C$ 340,000. [Question] 4. Banff Inc. s headquartered in Calgary and produces high-end living room furniture. The firm has a subsidiary in Germany. The wooden frames of the sofas are made in Calgary by an independent contractor and then shipped to Germany. The German subsidiary then upholsters the sofas using Belgium fabrics. Each frame costs the subsidiary C$1,500. The materials and labour for the upholstery amount to euro 2,000 per sofa. Fixed overhead costs are euro 1,500,000 for the subsidiary. Banff Inc. expects to be able to sell 3,000 Sofas for 5,000 euros each. The firm can depreciate 1,000,000 euros per year.The German income tax rate is 40%. The current exchange rate is C$1. 5/e uro. How would the operating cash flows (expressed in Canadian dollars) change if the exchange rate is C$1. 4/euro, the German inflation rate is 3% but the firm will not be able to raise the price for its products and due to new competition from the Russian market (with a more favorable exchange rate) unit sales drop to 2,500? Answer: The operating income would decrease by C$ 1,276,000. [Question] 5. ABC Inc. , a Canadian paper manufacturer, has a subsidiary in the United States which sources its wood from Canada.The US dollar depreciates rapidly. Discuss the likely competitive and conversion effects of the depreciation of the US dollar. Answer: The depreciation of the US dollar may alter the firm’s competitive position in the US market place. First of all, the input costs of the subsidiary in terms of US dollars are increasing. If the competitors source their raw materials in the United States, the competitive position of ABC Inc. ’s subsidiary will be eroded. The con version effect implies in this case that the US dollar operating cash flows will be translated into a lower Canadian dollar value. page: 297-298Chapter 13 1. Sonnenschein A. G. , a German retailer of solar panels just bought panels for US $ 100,000 to be paid in 120 days. As the financial manager, you are responsible for making a recommendation on the best hedging choice available to Sonnenschein A. G. You check with your banker and find out the following: The spot bid and ask rates are USD 1. 1001/EUR and USD 1. 0953/EUR respectively and the 120-day forward rates are EUR 0. 8850/USD and EUR 0. 8950/USD. Determine the net payables if Sonnenschein uses a forward hedge to manage its payables. Answer: US$ 100,000*0. 8950 = EUR 89,500 Question] 2. Pile-of-Bones Inc. , headquartered in Regina, just bought snowblowers for US $ 100,000 to be paid in 90 days. As the financial manager, you are responsible for making a recommendation on the best hedging choice available to Pile-of-Bones Inc. You check with your banker and find out the following: The current spot rate is C$ 1. 35/US$ and the 90-day forward rate is C$1. 36/US$. The interest rates are 5% in the United States and 6% in Canada. a) What are the net payables if Pile-of-Bones uses a forward hedge? b) What are the net payables if Pile-of-Bones uses a money market hedge? ) Which type of hedge should Pile-of-Bones use? Answer: a) 100,000*1. 36 = 136,000 b) 100,000/(1 + . 05/4) = 98,765. 43 98,765. 43*1. 35 = 133,333. 33 133,333. 33*(1 + . 025) = 136,666. 67 c) Pile-of-Bones should use forward hedge. [Question] 3. Soleil Inc. , a French manufacturer of sunscreen, has agreed to sell sunscreen to a Danish retailer for 2 million Danish kroner to be received in 180 days. The current spot rate is DKR5. 02/EUR and the 180-day forward rate is DKR5. 23/EUR. The current interest rates are 5% in Denmark and 4% in France. Should the firm use a forward hedge or a money market hedge?Explain. Answer: The net proceeds from a forw ard hedge are: 2,000,000/5. 23 = 382,409. 17 The net proceeds from a money market hedge are: 2,000,000/(1. 05) = 1,903,761. 90 1,903,761. 90/5. 02 = 379,434. 64 379,434. 64*1. 04 = EUR394,612. 02 Since the net proceeds from the money market hedge are higher than from a forward market hedge, Soleil should use the money market hedge. [Question] 4. Quebec Inc. , manufactures prefabricated houses in Quebec and sells them all over the world in local currencies. The firm has just received an order from China for renminbi 8,280,000 to be paid at delivery in 1 year.The Chinese renminbi is pegged to the US dollar at an exchange rate of 8. 28 per dollar. Does Quebec Inc have a transaction exposure? Explain. Answer: Quebec Inc is exposed to exchange rate risk. First of all, the Chinese government may choose to change the exchange rate at which the renminbi is pegged or drop the peg altogether within the next year. Even if the government does not intervene, Quebec Inc. is exposed to the US doll ar-Canadian dollar exchange rate since the renminbi is pegged to the US Dollar and not the Canadian dollar. [Question] 5. Fashion Shoes Inc. anufactures its shoes in Milano, Italy. The company just received an order from the United States for USD 1 million to be received in one year. The current spot rate is EUR 1 /USD and the 1 year forward rate is EUR 1. 01/USD. The current interest rates are 4% in the United States and 5% in Italy. A call option on the US dollar is available with a strike price of EUR 1. 01/USD and a premium of EUR 0. 03 and a put option is available with a strike price of EUR 1/USD and a premium of EUR 0. 025/USD. Determine the net proceeds from a forward hedge and an options hedge. Which option should Fashion Shoes use?Answer: Forward hedge: USD 1,000,000*1. 01 = EUR 1,010,000 Option hedge: Use the put option on the USD. Net proceeds from the options hedge: Strike price: USD 1,000,000*1 = EUR 1,000,000 Less premium in year 1 euros: 1,000,000*0. 025(1 + . 05) = 26,250 net proceeds: 1,000,000 26,250 = 973,750. The choice of the hedging strategy depends on exchange rate expectations. The option will provide a minimum of EUR 973,750 but if the dollar strengthens (i. e. the spot rate in one year is greater than EUR1. 03625/USD) the option will provide higher cash flows than the forward hedge.

Geez Luis the Making Essay

It is tricky to embrace historical globalization without re-inflicting devastation so the †¦ .com/essays/To-What-Extent-Should-Contemporary-Soiety-1015970. html †¦ To What Extent Should Contemporary Society Respond To The Legacies Of Historical †¦ To what extent should contemporary society respond to the legacies †¦ answers. yahoo. com †º All Categories †º Social Science †º Economics? Apr 21, 2009 – To what extent should contemporary society respond to the legacies of †¦ So I have to do this essay for my grade 10-1 social class and well I †¦ To what extent does society respond to the legacies of historical †¦ wiki. answers. com †º †¦ †º History, Politics & Society †º History †º Ancient History? Relevant answers: How should contemporary society respond to that legacy of historical globalization? We need to learn from thes actions of globalization and †¦ How should we respond to Legacies of Historical Globalization? For †¦ www. enotes. com/†¦ /how-should-we-respond-legacies-historical-393995? Apr 27, 2010 – What ever remnants of these historical legacies are present in the world today, should be routed out by sincere and concerted efforts. Also we †¦ [PDF] Chapter 8 Living with the Legacies of Historical Globalization – Home fc. gsacrd. ab. ca/†¦ /Exploring%20Globalization,%20Chapter%208. pdf? To what extent should contemporary society respond to the legacies of historical globalization? †¢ MHR. 188. Figure 8-2 One legacy of historical globalization in †¦ [PDF] Impacts of Historical Globalization.

Parthenon essays

Parthenon essays The Parthenon of Athens, which is located in Greece, has probably received more attention from than any other ancient structure. Words and photographs cannot do this great accomplishment justice. The Parthenons construction, history, sculptures and its dreadful condition all tells a story, a story of a creative triumphant victory for the Greeks. An Internet source states, the name Parthenon refers to the worship of Athena Parthenos, the 'Virgin Athena' who issued fully grown from the head of her father Zeus. The maiden goddess and patroness of Athens, she represents the highest order of spiritual development and the gifts of intellect and understanding. Pure in body, mind and heart, Athena is the symbol of the universal human aspiration for wisdom. The Parthenon has suffered greatly from time, so that it is only a portion of its original self. The Parthenon survived into the early modern era almost entirely in tact. It was preserved because the building remained in constant use; first converted into a church in the sixth century, and then into a mosque after the Islamic conquest by the Turks. Unfortunately, during the late seventeenth century the Parthenon was also used as a powder magazine. In 1687, in their battle to take Athens from the Turks, the Venetians shelled the Acropolis. In spite of being rather terrible shots, theVentians after three days of shelling finally made a direct hit. The resulting explosion blew the roof off the Parthenon and knocked huge holes on all four sides. The building suffered further in the first decade of the nineteenth-century when the British envoy to Ottoman Court, Lord Elgin, removed a great deal of the sculpture and brought it to England. Air pollution especially during the last half-ce ntury has also contributed to the degradation of the building and forced the removal of most of the remaining sculptures. The condition we find the Parthenon in today is largely due to late ...

Unbroken by Laura Hillenbrandâ€Discussion Questions

'Unbroken' by Laura Hillenbrand- Discussion Questions   Unbroken by Laura Hillenbrand is the true story of Louis Zamparini, who was an Olympic runner that survived for more than a month on a raft in the Pacific Ocean after crashing his plane during World War II. He was then taken as a Prisoner of War by the Japanese. Hillenbrand tells his story in parts, and these book club questions are also divided by parts of the book so that groups or individuals can discuss the story over time or focus on the areas they want to discuss more deeply. Spoiler Warning: These questions contain details about the end of Unbroken. Finish each section before reading the questions for that part. Part I Were you interested in Part I, which was mostly about Louis childhood and running career?How do you think his childhood and Olympic training helped him survive what would come later? Part II Were you surprised by how many servicemen died in flight training or in planes that went down outside of combat?Superman received 594 holes in the battle over Nauru. What did you think of the descriptions of this air battle? Were you surprised by their ability to survive despite being hit so many times?Did you learn anything new about the Pacific theater during World War II through this part of the book? Part III How do you think Louie survived the crash?What were details of the mens survival on the raft most interesting to you? How they found and saved water or food? The ways they kept up their mental acuity? The lack of provisions in the life raft?What role did emotional and mental state play in Phil and Louies survival? How did they keep their minds sharp? Why was this important?Were you surprised by how ferocious the sharks  were?Louie had several religious experiences on the raft that led to a new belief in God: surviving the gunning by the Japanese bomber, the tranquil day at sea, the provision of rainwater and seeing singing in the clouds. What do you make of these experiences? How were they important to his life story? Part IV Were you aware of how severely the Japanese treated Prisoners of War during World War II? Were you surprised to learn how much worse it was for men captured in the Pacific war than for those captured by Nazis?When Louie is interviewed just after his release, he says If I knew I had to go through those experiences again, Id kill myself (321). As they were going through it, how do you think Louie and Phil survived the starvation and brutality they faced as prisoners?What were the ways the Japanese tried to break the mens spirits? Why does the author focus on how this was worse in many ways than the physical cruelty? What do you think was the hardest thing the men had to endure?Later in the narrative, we learn that the Bird and many of the other soldiers were pardoned? What do you think of this decision?How do you think the men escaped the Kill All order?Why do you think Louies family never gave up hope that he was alive? Part V Epilogue In many ways, Louies unraveling is not surprising considering all he endured. After attending the Billy Graham crusade, however, he never experienced another vision of the Bird, he saved his marriage and he was able to move on with his life. Why do you think this is? What roles did forgiveness and gratitude play in his ability to move on? How did he see God at work throughout his whole experience despite the unimaginable suffering he experienced?From the moment of their rescue through the present day publishing of this book and the movie adaptation, Louie Zamparini has received significant media attention whereas Allen Phillips was treated as a trivial footnote in what was celebrated as Louies story (385). Why do you think that was?Louie continued to have adventures well into old age? What parts of his post-war story were most notable to you?Rate Unbroken on a scale of 1 to 5. Details of the book: Unbroken by Laura Hillenbrand was published in November 2010.Publisher: Random House496 PagesThe movie adaptation of Unbroken was released in December 2014.

In relation to perception,what does it mean that we all lok at Essay

In relation to perception,what does it mean that we all lok at different situations in the work place though different lenses Why it is important for a manager - Essay Example The mind then processes it and makes it available for retrieval. The perceiver then responds according to the interpretations of the perceived situation or object. In the workplace, it is very important for a manager to understand how perception may help or hinder his management. There are different situations happening within the workplace that may affect the performance of the management and the employees depending on their perception of the issue or situation. The issues and events happening around the workplace are interpreted differently depending on their rank and status in the workplace. For example, an employee may see a rewards program as ineffective because of the lack of enticing rewards it offers and a manager may see it as ineffective because of the lack of participation from the employees. Depending on his role in the workplace, the individual interprets the situation in relation to his level of work. Understanding that the workplace is a vast field of opinions and interpretations, the manager can use his perception and that of his subordinates to improve their work performance and work relationships. The primary responsibility of a manager is to oversee and to manage the business or his assigned department, including the people within. With this responsibility comes the different situations in which he has to use his decision-making skills effectively and efficiently. Perception is very important in fulfilling this responsibility. Filtering out information that are not necessary to fulfill the task is important (Howard n.d.). Knowing what is needed information and what is not needed is important as it will define how the manager interprets and analyzes the situation. When making decisions, analyzing facts is more important than judging the situation based on intuition. Perception of an action depends on the meaning attributed to the