Investment Appraisal for Miggy and Brothers Co Essay

Investment Appraisal for Miggy and Brothers Co - Essay Example MBC is considering three alternatives as replacements: model A which will be sourced from the United States; Model B which is a British machine; and model C which will be imported from France. All of these machineries cost $100,000 and are seen to improve the production efficiency of the company and reduce the costs incurred in manufacture. As these are new machines, MBC will be hiring and training personnel who will operate the new equipment. Exact amount is not yet determined but Model C, in particular is expected to incur the highest training cost since the machine is least user-friendly. Models A & B have local dealer which agree to maintain and repair the machines for MBC. In the case of Model C, MBC needs to seek French manufacturers to service the machine in case of emergencies. The choice between the three machines under consideration can be justified by utilizing tools which tests the profitability of each investment. Three of the most frequently used assessment tools will be employed in MBC decision making. These are payback period, net present value analysis, and internal rate of return analysis. Aside from the quantitative data given by the management, this report adjusted the figures to enhance the rationale of the choice. In this regard, the salvage value of the old machine to be replaced is reflected as cash flows in Models A, B, and C. It should be noted that as the acquisition of the new machine will entail discarding the old, all options will benefit from the revenue of selling the old one. Due to equity considerations, this report opted to disregard the salvage value of the three machines on the sixth year. Since the salvage value of Models B and C cannot be determined, it is more rational to omit the revenue to be derived from the future sale of the machines. 3.1 Payback Period The payback period is one of the simplest ways in ascertaining the feasibility of an investment. This tool is used to determine the length of time that the company can recoup its cash outlay (Keown, et al, 2005). Table 2 shows the computed payback period for the three options. Table 2. Payback Period Computation From the above computation, Model A has a payback period of 4 years while the company's investment in Models B and C will be recouped within a shorter period of three years. 3.2 Net Present Value Net Present Value (NPV) is the difference between the present value of cash inflows and the present value of cash outflows (Keown, et al, 2005). Table 3. Net Present Value Computation Table 2 shows the computation for the NPV of the three machines under consideration. Model A has an NPV of 6,434 while Models B and C generate discounted cash flows of -7,299 and 16,455, respectively. 3.3 Internal Rate of Return The internal rate of return is the cost of capital which equates the NPV to zero (Keown, et al, 2005). Table 4 shows the different IRR for each model as computed by Microsoft Excel. Consistent with the NPV analysis,

Cystic Fibrosis Community Assessment Essay Example | Topics and Well Written Essays - 1250 words

Cystic Fibrosis Community Assessment - Essay Example a) Sex and Age: This is a heterogeneous community comprising of both males and females in almost equal ratios. Majority of the members are adults and are married. b) Income levels: Most individuals in this community are in the middle class and lower class. Many live within $10 a day.c) Occupations: With a few exceptions of white collar jobs, over 60% of the working class categories do the blue collar jobs. However, most women are merely house-wives.d) Educational levels: Most adults of the age above 50 years have elementary education, especially the women. The youths are quite learned and most are in colleges.e) Ethnic identities: Ethnically, this community is fairly heterogeneous. Half of the population is composed of the Whites. The next lager ethnic is Hispanic Americans. The Asian-Americans are the least. f) Family structures: Most families are nuclear; a few are extended. However, single parent homes consisting of widows and unmarried mothers are very commong) Lifestyle behavior s that influence health status: Poor eating habits by most individuals suffering from Cystic Fibrosis have always worsened their conditions by igniting Diabetes. The youths who engage in drug and substance abuse and unprotected sex also risk serious health problems.h) Health status: The prevalence of Cystic Fibrosis has rendered most people sicki) Health concerns: It is always very hard for the lay community to identify the symptoms of CF, thus, suffer for a quite a long time before diagnosis.

Congestive Heart Failure Case Study Example | Topics and Well Written Essays - 2000 words

Congestive Heart Failure - Case Study Example The mechanism and resulting physiologic alteration c. The resulting effects on body system d. Citations from Peer Reviewed Articles IV. Analysis of Clinical Findings Manifestations a. Discussion of the Patient’s Clinical Presentation b. Review of Patient’s Clinical Course c. Comparison of this case to pathophysiologic findings in the literature d. Critical Thinking V. Analysis of Laboratory Tests VI. Treatments VII. Outcome Analysis VIII. References Introduction to Congestive Heart Failure Opening paragraph in which the topic is introduced and the content: More than 5 millions of the Americans are suffering from Congestive Heart Failure (CHF) and these people have been in and out from the hospital because of CHF and its clinical sequelae (American Heart Association, 2004). CHF changes lives. It affects the structure of the family and the society as well. Once it strikes the breadwinner of the family, it would mean loss of income and shifting of one’s role in the family. In general, this debilitating disease greatly affects the family and the society as a whole, since any problem that might occur in the family affects the community as well. How severe the condition is determines the impact to the life of a person. The milder CHF is in the life of the person, little does it affect the person’s life. ... Incidence of Congestive Heart Failure Discussion of the prevalence of Congestive Heart Failure in the United States: Congestive heart failure is a â€Å"serious condition† resulting to a considerable morbidity and mortality (Schocken, et al., 1992). In the US, CHF is an increasing public health concern because of the limited data that identifies the validity in diagnosing CHF (Goff, et al., 2006). Lui and Wallace (2011) noted that although the annual prevalence rate of CHF was 1.6 percent, which is much lower than that of hypertension, the number of average rate of hospitalisation was reversibly higher with high rate of hospitalisation among the older population belonging to the adults aged 75 and above, compared to the younger population who have the least group of individuals being hospitalized (Lui and Wallace, 2011). According to the National Heart Lung and Blood Institute (2012), the prevalence rate of CHF is increasing and an estimated 4.8 million Americans were diagnose d to have CHF and likewise, an increasing incidence of prevalence rate of hospitalizations and deaths secondary to CHF is increasing (National Heart Lung and Blood Institute, 2012). The incidence of new cases of mortality of 400,000 secondary to CHF is increasing each year and others were due to its complications (National Heart Lung and Blood Institute, 2012). Statistics of Morbidity and Mortality: CHF occurs equally in both men and women but is more prevalent in descent other than white Americans such as African – American, Hispanics, and American - Indians (Cleveland Clinic, 2011). About 1 million are hospitalized each year in the United States due to CHF and around 30 – 60 percent of these populations are readmitted due to the same problem (Cleveland Clinic, 2011). The

Strategies of Nokia and Nestle and their competitive advantage in the Essay

Strategies of Nokia and Nestle and their competitive advantage in the industry - Essay Example It is vital part of organizational success as it not only helps them to survive but also facilitates in maintaining competitive edge against their rivals in the industry. Business strategies are actions plans developed to achieve the vision, mission and objectives of the organizations over a long period of time. Porter (1996) says that competitive strategy is doing business differently to give value to the customers and maintain leverage. The strategic plans therefore, are vital ingredients that allow firms to be flexible and innovative so that they can absorb environmental changes and evolve to maintain one’s market position. The report is primarily an effort to analyze the business strategies of Nokia and Nestle which have made tremendous changes within their strategies to create niche market position in the domestic and global market. Outline of strategic issues of Nokia Nokia is a Finnish conglomerate that has incredible growth story. It has emerged as a flagship company mainly because it was able to anticipate and preempt environmental changes to evolve new strategies. The foresightedness of its managerial leadership was able to steer it to its present success. There were three major strategic issues with Nokia which needed to be creatively designed and developed to facilitate leadership position in the global market. The first one was to redefine its strategies towards its low performing business activities which did not offer long term sustainability of good profits or prospects. The second was to identify the business which had wide scope prospects vis-a-vis business opportunities across the globe. Third and the last one was to ensure that the products should be able to meet the changing demands of the global customers and should have futuristic scope to attract them. These were critical issues which needed to be addressed urgently by the compa ny so that its vision of becoming a successful global entity could be expedited and realized. 3.1.1 Situation analysis of Nokia Finland was a rich but small nation that was bogged down with geographical hardships that made it difficult to adopt traditional technology to improve its communication and other related development processes. It initially had diverse interests comprising of tire manufacturing, paper production, consumer electronics and telecommunication equipment. The disinvestment of many of its business activities helped it to focus on telecommunication. It was one of the companies that had pioneered wireless technology to overcome geographical constraints of near arctic conditions which made cable based telecommunication a difficult and expensive venture. Indeed, strategic planning is at the heart of business strategy. Bateman and Snell (2009:132) emphasize that planning is ‘the conscious, systematic process of making decisions about goals and activities that an i ndividual, group, work unit or organization will pursue in future’. Nokia had demonstrated its leadership initiative by disinvesting its low prospect business activities and correctly identifying potential in the telecommunication where wireless technology had offered huge scope for business expansion. It was focused on organization’s long term goals and objectives for its success and growth. It explicitly emphasized the unique activities and approaches of Nokia leadership for delivering its strategic goals and objectives. Kotler & Keller (2007) have stressed the need to be innovative and service oriented. Nokia was able to align its strategic action

Contract law incorporation notice UCTA 1977 Essay - 1

Contract law incorporation notice UCTA 1977 - Essay Example On its face it has the name, address and logo of MML and Juicy Drinks Limited’s name together with the date of hire on 6 July 11.00 am until 6pm. There are no clauses on the face of the booking slip, however it ushers for the reader to refer to the reverse side of the paper for the clauses. On the back of the booking slip there are many clauses in small print. One of those clauses stated that MML will not be liable for any faults in the marquee or for any loss caused by bad weather that prevents the marquee being raised. Another clause states that the marquee must be vacated by 7pm on the day of hire. Unfortunately, on 6 July there is a horrendous thunderstorm and the marquee cannot be raised until 3pm on that given date. Meanwhile Joseph’s potential customers have had no shelter from the torrential rain nor any refreshment since 11 am. They tell Joseph that they will never buy from him and do not sign the lucrative sales contract. To drown their sorrows Joseph and his team enter the marquee eventually at 3 pm and don’t leave until 9 pm. Juicy Drinks refuse to pay for the remainder of the hire charge and sued MML in the High Court for breach of contract with losses to include loss of the valuable sales contract with their potential customers. (i) The clause that MML were not liable for any loss had not been incorporated in the contract because insufficient notice had been given (Interfoto Picture Library v Stiletto Visual Programmes Ltd [1988] applied). Witter J therefore awarded Juicy Drinks Limited damages for breach of contract including loss of profit from the new customer. MML has decided to appeal against this decision to the Moot Court of Appeal. Acting as counsel for the appellant MML prepare a skeleton argument for your client dealing with both of these points. 2. The Appellant is a hirer of marquees and has been in business for the past twelve years. The Appellant’s business supplies marquees to businesses and

Biotechnology in healthcare Essay Example | Topics and Well Written Essays - 2000 words

Biotechnology in healthcare - Essay Example Biotechnology has been around in some form for a very long time, but in the last few decades it has changed drastically to become a modern science that is crucial to the determination of the molecular mechanisms behind disease. Early biotechnology included baking bread and making such fermented food products as beer, wine, cheese, and yoghurt; all of these processes could be considered biotechnology as they require the use of bacterial enzymes to complete. However, this is not what most scientists today consider to be biotechnology, and the first modern use of the term ‘biotechnology’ was in a 1919 publication by Karl Ereky. Ereky was a Hungarian engineer and economist. In his paper on biotechnology, he predicted an â€Å"age of biochemistry† which would rival previous technological periods in human history (Bruggemeier 2006). Given the current state of modern medicine and pharmacology, it seems that Ereky's prediction is correct; biochemistry and its brain child, biotechnology, are the way of the future. Modern medicine would be nearly impossible without the many almost miraculous discoveries of biotechnology. Biotechnology has infiltrated medical practice at all levels, from basic preventative care by family doctors and general practitioners all the way to specialized diagnostic techniques and highly individualized and effective treatments. The article seeks to provide basic and applied information on how biotechnology has been useful in the prevention, diagnosis and treatment of disease. Prevention: Preventive medicine is the prospective treatment of disease, an attempt to stop an illness from occurring before it starts and to keep patients in an overall healthy state. Prevention of the disease and/or illness is the objective. This is done through screening patient populations for high-risk groups and providing education and early interventions to those patients, and by providing general prophylactic care such as vaccination or vitamins. Biotechnology in preventative care is best exemplified through the recent advantages of vaccination. A classic example is the vaccination of humans with attenuated bacteria in order to control diseases caused by such bacteria. This type of vaccination with attenuated bacterial vaccines or its modified derivatives to express antigens from the pathogens has the merit of inducing protective immunity to those pathogens (Curtiss, 2002). Furthermore, vaccination with live recombinant attenuated bacterial antigen affords the in vivo production of the antigen in immunized individual long after immunization. This is an effective yet inexpensive vaccination approach. Vaccination is not restricted to the bacteria. Other pathogenic organism, such as viruses, fungi, etc can be use. For instance, a live, oral attenuated vaccine developed from the pentavalent rotavirus vaccine (RV5) has been shown in a trial study conducted in Finland and the United States to prevent 98% of severe rotavirus diarrh ea (Patel et al. 2009). As shown in Table 1, an association did exist between the rotavirus vaccine and the rotavirus disease (Patel et al. 2009). Table 1. Association between Rotavirus Vaccination and Rotavirus Disease Requiring Hospital Admission or Intravenous Hydration adapted from Patel et al. 2009. The ability to sequence viral genomes offers another vaccination approach that applied biotechnology fundamentals. Understanding the genome of a virus means researchers

Chinese media Essay Example | Topics and Well Written Essays - 1500 words

Chinese media - Essay Example The same could be said of China, a country in which activism is viewed as illegal and an act against the values shared by the government. However, the presence and availability of media activism has increased the country’s ability to take part in activism. With a massive population, media activism in China has provided a platform for communication for many people gagged from taking part in conventional activism processes (Wallis 410). Specifically, people in China have been cited as one of the greatest consumers of media activism in a country where freedom is not viewed as a democratic right. Media activism in China may be defined from two contrasting perspectives. There is the government and society definition of media activism. For the Chinese government, media activism is only legal where the users use the available technologies in communication to cite the positive features of the government. For instance, media houses in China are licensed to provide information as specified by the government. This form of media activism does not allow for criticism of highlighting of the errors by the governing body. The definition also covers providing information on the acts of the government depicting change, control, superiority and just (Yang 54). The social definition of media activism in China is the completely opposite of the stated definition. The definition mainly focuses on highlighting the need of change. Considering that the conventional media in China has no power to provide voice to the citizens, other media sources are relied upon to voice the frustrations on the government. Media activism from the people is defined as act by which the society is provided with an opportunity to challenge the existing non-democratic rule of law. China is highly defined by a rule of law inconsiderate of the rights of people. Problems in the nation can only be headlined