Process of Meeting New People in a Small Group Experience Essays

Process of Meeting New People in a Small Group Experience Essays Process of Meeting New People in a Small Group Experience Essay Process of Meeting New People in a Small Group Experience Essay Procedure of Meeting New People in a Small Group Experience Meeting new people will arouse assorted responses. The scope of possible responses can be predicted by or explained utilizing a figure of sociological theories. This paper explains the procedure of run intoing new people in little group point from the positions of the undermentioned theoretical constructs: ( a ) Tamotsu Shibutani’s symbolic interaction theory, Scheff’s theory of emotional distancing, Marshall Rosenburg and Abraham Maslow’s constructs of basic demands and Erving Goffman’s feeling direction theories. Given the alone focal point of each of the theories above, the survey explores them in bend.Tamotsu Shibutani’s Symbolic Interaction Theory Symbolic interaction theory holds that worlds will be given to move towards things that bear some significances to them. The significance or significance of such things are derived from one’s societal experiences and societal interaction with others, as modified by one’s readings and perceptual experience ( Becker A ; McCall, 2009 ) . In the context of a little group, an person will be more inclined to fall in the group if members of the group have some significance or engage in the activity of significance to the person. In this instance, there will be an urge to portion individuality or prosecute in affairs of common involvements ( Becker A ; McCall, 2009 ) . If the single members of the group present themselves as conveying together members of common religion, so the expectedness of religion will ensue into a positive perceptual experience that the group is of high value, provided the mention group of the connection member are those who claim to be spiritual. The g roup s members will necessitate to exhibit conformity with the norms acceptable to the faith-based group, because it is the values of the faith in inquiry that will bond ( consummate ) the person to the group. The individuals’ positions will every bit count, as it shapes the reading the single gives to the Acts of the Apostless of single group members. Tom Scheff: Theory of Emotional Distancing The theory of emotional distancing suggests that the basic emotions that one exhibits towards a relationship spouse will find the behavior of the spouse and find the relationship distance with the spouse ( Scheff et al. , 2002 ) . Where one meets new people in a little group, the person will be given to pull closer ( maintain near relationship distance ) with the persons who exhibits emotions that build the single public assistance. Such emotions include felicity, friendliness, joy among others. The emotions are likely to trip fond regard to the specific persons and the group. On the other manus, the person will be given to maintain off from the group members who exhibit to the single emotions that potentially amendss the single public assistance. Such emotions include fright, choler, hatred, shame, disapproval among others ( Scheff et al. , 2002 ) . Hatred, shame, disapproval and choler, for case, endanger one’s individuality and would do the single perceive as being bastard and unwelcomed.As a defense mechanism mechanism, an person may be detached or rebel from the persons exhibiting the baleful emotions. The distance between the person and the group as a whole is besides capable to the same form of fond regard and withdrawal. That is, where the group shows emotion that Fosters one’s public assistance, the person will be more affiliated to the group. However, emotions damaging a group member’s behavior will arouse withdrawal and rebellion from the group ( Scheff et al. , 2002 ) . Marshall Rosenburg and Abraham Maslow Theory of Needs Basic demand theories, like those postulated by Rosenburg and Maslow, suggest that human demands are the indispensable motive for all behaviors. As such, persons are likely to keep on to a relationship if such a relationship promotes meeting of their demands. Maslow identifies the love and sense of belonging as critical constituents of human demands, which persons are likely to prosecute ( Boeree, 2006 ) . Persons are hence expected to be more affiliated to the group if members of the groups show the single love and a sense of belonging. However, isolation or favoritism an person from the group is likely to trip a feeling that one does non belong to the group, therefore arousing withdrawal. Alternatively, the person may try to look for an alternate group that would run into the individual’s needs for love, attending and sense of belonging. Other interpersonal demands, which if achieved will do an single satisfied and hence more affiliated to the group include credence, grasp, love, honestness, regard, support, trust apprehension, consideration, community among others ( Marshall, 2001 ) . When the group fail to run into these demands, person will experience disgruntled with the group and finally detach oneself from the group. Alternatively, they may place with a subdivision of the group that meet the demands. Erving Goffman’s Impression Management Harmonizing to Erving Goffman’s feeling direction ( IM ) theory, persons or groups may pull strings the perceptual experience of others by picturing an feeling that will arouse the coveted end ( Solomon, Solomon, Joseph, A ; Norton, 2013 ) . The feeling will so look to the mark audience as the world and will last until such a clip that the person or group win in or fails to vibrate with the group. When a lazy and chesty member joins a little group, the person may dress neatly and talk with courtesy to make an feeling that the individual is good organized and mannered. Sometimes, they may suggest at how good connected they are, to give an feeling of how resourceful they are. These will represent look behavior that earns them admittance to the group on history of the feeling created ( Solomon et al. , 2013 ) . Once an insider and have got used to the members, or is non welcomed wholly, the same individual may now speak impolitely or non care much about their garbs. This constit utes offstage behavior. The audience here are the group members, and the histrion is single. Decision To reason, assorted theoretical point of views have a different anticipation of how single will react in a little group puting. Overall, interpersonal relationship among the group members and the group every bit good as feelings created are some of the chief forecasters of behaviors in a little group puting. Mentions Aksan, N. , KAÂ ±sac, B. , AydAÂ ±n, M. , A ; Demirbuken, S. ( 2009 ) . Symbolic interaction theory.Procedia-Social and Behavioral Sciences,1( 1 ) , 902-904.Retrieved from hypertext transfer protocol: //www.sciencedirect.com/science/article/pii/S1877042809001633 Becker, H. S. , A ; McCall, M. M. ( Eds. ) . ( 2009 ) .Symbolic interaction A ; cultural surveies. Chicag. University of Chicago Press.Retrieved from hypertext transfer protocol: //books.google.co.ke/books? hl=en A ; lr= A ; id=EgDM_zn7EZYC A ; oi=fnd A ; pg=PP2 A ; ots=lkrdUPLJp1 A ; sig=mI-PrBO7U-jVr9lwnzrskgos2c0 A ; redir_esc=y # v=onepage A ; q A ; f=false Boeree, C. G. ( 2006 ) .Abraham Maslow. Retrieved from hypertext transfer protocol: //www.lake.k12.fl.us/cms/lib05/FL01000799/Centricity/Domain/3306/Abraham_Maslow.pdf Marshall, S. K. ( 2001 ) . Do I affair! Construct proof striplings perceived mattering parents and friends.Journal of adolescence,24( 4 ) , 473-490. Retrieved from hypertext transfer protocol: //www.researchgate.net/profile/Sheila_Marshall/publication/222855213_Do_I_Matter_Construct_validation_of_adolescents_perceived_mattering_to_parents_and_friends/links/00b7d51b63539337a5000000.pdf Scheff, T. , Stanko, E. A. , Wouters, C. , A ; Katz, J. ( 2002 ) . How Emotions Work.Theoretical Criminology,6( 3 ) , 361-380.Retrieved from hypertext transfer protocol: //tcr.sagepub.com/content/6/3/361.short Solomon, J. Solomon, , Joseph, N. L. , A ; Norton, S. D. ( 2013 ) . Impression direction, creative activity and fiction in societal and environmental coverage: Penetrations from Erving Goffman.Accounting, organisations society,38( 3 ) , 195-213. Retrieved from hypertext transfer protocol: //wrap.warwick.ac.uk/2681/1/WRAP_Spencer_oatey_073125-cal-290110-spencer-oatey_jop07.pdf .

Resource Distribution and its Consequences

Resource Distribution and its Consequences Resources are materials found in the environment that humans use for food, fuel, clothing, and shelter. These include water, soil, minerals, vegetation, animals, air, and sunlight. People require resources to survive and thrive. How are Resources Distributed and Why? Resource distribution refers to the geographic occurrence or spatial arrangement of resources on earth. In other words, where resources are located. Any particular place may be rich in the resources people desire and poor in others. Low latitudes (latitudes close to the equator) receive more of the suns energy and much precipitation, while higher latitudes (latitudes closer to the poles) receive less of the suns energy and too little precipitation. The temperate deciduous forest biome provides a more moderate climate, along with fertile soil, timber, and abundant wildlife. The plains offer flat landscapes and fertile soil for growing crops, while steep mountains and dry deserts are more challenging. Metallic minerals are most abundant in areas with strong tectonic activity, while fossil fuels are found in rocks formed by deposition (sedimentary rocks). These are just a few of the differences in the environment that result from different natural conditions. As a result, resources are distributed unevenly across the globe. What Are The Consequences of Uneven Resource Distribution? Human settlement and population distribution. People tend to settle and cluster in places that have the resources they need to survive and thrive. The geographic factors that most influence where humans settle are water, soil, vegetation, climate, and landscape. Because South America, Africa, and Australia have fewer of these geographic advantages, they have smaller populations than North America, Europe, and Asia. Human migration. Large groups of people often migrate (move) to a place that has the resources they need or want and migrate away from a place that lacks the resources they need. The Trail of Tears, Westward Movement, and the Gold Rush are examples of historical migrations related to the desire for land and mineral resources. Economic activities in a region related to the resources in that region. Economic activities that are directly related to resources include farming, fishing, ranching, timber processing, oil and gas production, mining, and tourism. Trade. Countries may not have the resources that are important to them, but trade enables them to acquire those resources from places that do. Japan is a country with very limited natural resources, and yet is one of the richest countries in Asia. Sony, Nintendo, Canon, Toyota, Honda, Sharp, Sanyo, Nissan are successful Japanese corporations that make products that are highly-desired in other countries. As a result of trade, Japan has enough wealth to buy the resources it needs. Conquest, conflict, and war. Many historical and present-day conflicts involve nations trying to control resource-rich territories. For example, the desire for diamond and oil resources has been the root of many armed conflicts in Africa. Wealth and quality of life. The well-being and wealth of a place are determined by the quality and quantity of goods and services available to people in that place. This measure is known as the standard of living. Because natural resources are a key component of goods and services, the standard of living also gives us an idea of how many resources the people in a place have. It is important to understand that while resources are VERY important, it is not the presence of or lack of natural resources within a country that makes a country prosperous. In fact, some of the wealthier countries lack natural resources, while many poorer countries have abundant natural resources! So what do wealth and prosperity depend on? Wealth and prosperity depend on: (1) what resources a country has access to (what resources they can get or end up with) and (2) what the country does with them (the efforts and skills of workers and the technology available for making the most of those resources). How has Industrialization Led to a Redistribution of Resources and Wealth? As nations began to industrialize in the late 19th century, their demand for resources increased and imperialism was the way they got them. Imperialism involved a stronger nation taking complete control of a weaker nation. Imperialists exploited and profited from the abundant natural resources of the acquired territories. Imperialism led to a major redistribution of world resources from Latin America, Africa and Asia to Europe, Japan, and the United States. This is how industrialized nations came to control and profit from most of the worlds resources. Since citizens of the industrialized nations of Europe, Japan, and the United States have access to so many goods and services, that means they consume more of the worlds resources (about 70%) and enjoy a higher standard of living and most of the worlds wealth (about 80%). Citizens of non-industrialized countries in Africa, Latin America, and Asia control and consume far fewer of the resources they need for survival and well-being. As a result, their lives are characterized by poverty  and a low standard of living. This unequal distribution of resources, the legacy of imperialism, is the result of human rather than natural conditions.

Economics of Strategy Essay Example | Topics and Well Written Essays - 3500 words

Economics of Strategy - Essay Example As the service producing industries in US account for 81 percent of all private sector payrolls, economic growth in the sector can be a boost for the investments in credit. However, as the extent of the credit market impact is not clear, the investments in credit business may result in attracting higher interests for home loan customers or credits being tightened. The overall consumer spending that will be a result of steady gains in jobs and incomes can neutralize the impact of subprime debacle. However, the tight credit may not affect the household sector also as long as labor markets are strong. As service sector companies are adding new workers, the gains in payrolls are a suggestion for the expanding of the operations that supports the household spending. 1 The economy and profitability of economic organizations depend on the transaction costs. In that aspect, the subprime lending is a good opportunity for economic organizations, but the debacle has led the organizations to face the losses. The internal structure, working nature and policy of the economic organizations decide the cost and nature of transactions. As a result, transaction cost economics by Coase decides the structure of the organization and working relations between departments in an economic organization. ... The afore-mentioned costs depend on the organization of transactions. The efficiency of organization and profitability increases by decreasing the transaction costs and increasing the returns. The first type of costs are the costs coupled with markets that are result of bargaining of independent agents. However, the afore-mentioned have least affect on sub-prime market as they charge higher interest rates from comparatively lower income class. The significant problem in this market is about risk involved in repayment of the loan advanced to the customers. The afore-mentioned problem arises from the second type of costs that incur due to the decisions of the individuals in the company manage to influence decisions for their personal benefits. Minimizing the afore-mentioned second type of costs is very difficult in any type of economic organization, as opposing the decisions is possible only with managing influence costs within the organization. In general, there is not much care taken about internal workings of an economic organization. 2 However, investing in subprime market on a large scale is a decision of internal working and the extent of investment should depend on the economic growth. Many organizations have invested (advanced loans on lesser security) in subprime market, while in a period when the economy is in recession or not recording remarkable growth. The theory of markets controlled by impersonal forces is useful in managing the influence costs within the management, as the managers, who influence the decision of the firm have to take into consideration the market conditions and probable changes in near future. The near future mentioned above should be nearer to the time that

Introduction to Indigenous Australia Essay Example | Topics and Well Written Essays - 1000 words

Introduction to Indigenous Australia - Essay Example Religious men referred to Aborigines as immoral, unfit to be in any divine presence and that they were in the same level as brutes. The opinions of scientists were by far the crudest of them all. Scientists classified Aborigines based on the blood types and brain functioning as if they were some animal that needed to be analyzed for further understanding. They further said that aborigines were more of apes that the human race. Learned people looked into the life of Aborigines with contempt and disregard. They claimed that Aboriginal people were adept at making poor judgments and thus needed direction to make sound decisions (Dodson, 2003). These were particularly nasty perspectives and Dodson seeks to review them with a critical eye. He says that these early settlers do not know the Aborigines and so they are not in a position to refer to them in any way. According to him, these early settlers should have a firsthand experience with the Aboriginal people before judging them. This pap er will try to review Dodson’s perspective of Aboriginality critically with the aim of understanding his perspective of the issue. Dodson shows his concern for the colonizers being obsessed with the aborigines and aboriginality. These colonizers have made it their passion to look into the aborigines and also labeling them all kinds of this they deem fit. Dodson concern is seen when he notes that colonizers have made aboriginality seem like a mystery to be solved. He says that there are cases where aborigines have been referred to half bloods, full blood, hybrids, real and inauthentic. At some point, there was a suggestion that for one to be a legitimate aborigine, then he was to have more than 50% of aboriginal blood. His concern is also seen when he speaks of how aborigines were initially considered heroes. He then this compared to how they are being ridiculed today by artists in films and other artworks. According to Ethnologists, there was a need to rescue the aborigines f rom their wayward animalistic behaviors. The aborigines were considered cannibals, savages and infanticides. They are also known to be vulnerable just like the other lesser races in the world. This is strongly contested as these aborigines are seen to be out of control of the fact that they are in their â€Å"twilight† days. Aboriginal people are voiceless in the society as no one has given a chance to speak for themselves. It is saddening that people do not give an ear to the Aboriginal people. The arguments the early settlers pass are based on narratives from early settlers who were biased. The biases of the colonizers are seen in their obsession to brand aborigines as a lesser race com pared to the other races. A study by the United Nation aimed at unearthing the issue of discrimination that was faced by the aborigines and other indigenous groups that were considered on the verge of extinction. The indigenous community was given legitimacy based on the race, dressing, ance stry, as well as, dialect. In cultures across the world indigenous people are considered marginalized, backward, illiterate, and with an archaic mode of speech. These indigenous groups have been objectified in the eyes of the early settlers. The United Nation report emphasized the need to allow an indigenous community to decide whom they wanted to be part of their community. The report further emphasizes the need for an indigenous group having their own definition of whom they are thereby giving all the other â€Å"fake† definitions a cold shoulder. It is their responsibility

Pledge of Allegiance in School Essay Example for Free

Pledge of Allegiance in School Essay Pledge of Allegiance in School My choice of writing for the Rogerian essay is on the topic of the Pledge of Allegiance in School. â€Å"In a decision that stunned the nation, a federal appeals court in June ruled that reciting the Pledge of Allegiance in public schools is unconstitutional because the pledge contains the words under God â€Å" (Chmielewski). The banning of the Pledge of Allegiance is a very large controversial topic because one side believes that while the foundation of our country is religion, the other side believes that the reciting of the Pledge of Allegiance is an infringement on our First Amendment right. The Pledge of Allegiance began in 1892. It was a way of showing a sense of celebration for being an American. Since 1892 the â€Å"Pledge† has been changed four times, and in 1954 the words â€Å"under God† were added (Chmielewski). A cause of the Pledge of Allegiance being banned from school is mostly because of these two words â€Å"under God†. An Atheist by the name, Newdow, filed the claim against the pledge because he did not want his second grade daughter pressured into saying something that he does not believe (Chmielewski). I believe that this topic has quite a bit of historic meaning because it basis is on our historical beginning. I think that because the times of our country and have changed so much, in that, religion is not just based on Christianity for our country anymore, it does way on peoples mind. I would like to show in this essay that the Pledge of Allegiance is an important part, not just in our schools, but in our nation. My research on this is going to be a bit strenuous. There are so many articles about court proceedings and individual states that it might be difficult to find a common ground. Most of what I have read has just been the individual states versus the Supreme Court or, as in the case above, the Nine District Court. I have read articles from Massachusetts, California, Washington, and Nevada, to name a few. Most of the articles also are very one sided. Meaning that the author shows what the problem in question is and then turns the article to what they believe.

Charles Dickens Great Expectations Essay -- Great Expectations Essays

Great Expectations As part of my GCSE coursework I have been asked to analyse the novel ‘Great Expectations’ by Charles Dickens and show how Dickens creates sympathy towards the young character Pip in the extract. Dickens starts the extract by revealing the gloomy and oppressive atmosphere in the residence of Miss Havisham. When Pip arrives at the house of Miss Havisham there is an atmosphere of gloominess which creates sympathy for Pip. ‘No glimpse of daylight was to be seen in it’. Pip feels very insecure because he is a young boy in a strange and unfamiliar environment. He is moreover now in the presence of upper class. This also creates sympathy because Pip is from the lower classes and must face the difficulties to unfold with Estella and Miss Havisham. Everything in the house is covered in dust and all the clocks have stopped. Miss Havisham, the upper class lady of the house is dressed in ‘satins, and lace, and silks - all of white’. Everything in this house was once white a long, long time ago but ‘had lost its lustre, and was faded and yellow’. This image of Miss Havisha... Charles Dickens' Great Expectations Essay -- Great Expectations Essays Great Expectations As part of my GCSE coursework I have been asked to analyse the novel ‘Great Expectations’ by Charles Dickens and show how Dickens creates sympathy towards the young character Pip in the extract. Dickens starts the extract by revealing the gloomy and oppressive atmosphere in the residence of Miss Havisham. When Pip arrives at the house of Miss Havisham there is an atmosphere of gloominess which creates sympathy for Pip. ‘No glimpse of daylight was to be seen in it’. Pip feels very insecure because he is a young boy in a strange and unfamiliar environment. He is moreover now in the presence of upper class. This also creates sympathy because Pip is from the lower classes and must face the difficulties to unfold with Estella and Miss Havisham. Everything in the house is covered in dust and all the clocks have stopped. Miss Havisham, the upper class lady of the house is dressed in ‘satins, and lace, and silks - all of white’. Everything in this house was once white a long, long time ago but ‘had lost its lustre, and was faded and yellow’. This image of Miss Havisha...

Analysis of Literary Elements in Pride and Prejudice

This quote tells the reader that Mr.. Bennett is a multi-characteristic person and than goes on to describe how so. He is a mixture of qualities that all differ from each other such as; humor and reserve. Austin creates this passage to emphasize how versatile Mr.. Bennett can be. This Inclusion of description of Mr.. Bennett also helps the reader understand more about his character and even provide a form of foreshadowing of how he might behave or react in certain situations later in the book. The main purpose of a loose sentence is to create a informal and relaxed tone in a passage.This use of a loose sentence makes the reader feel more unforgettable as they get to know the characters and establishes the book as being a conversational piece. It also presents the tone of this book as being more like a Journal or diary than a formal novel. This example of loose sentence fits Into the books overall style and tone. L Honors English 9- Period 1! 25 August 2014! Literary Analysis #2! â₠¬Å"l would not be so fastidious as you are,† cried Binge, â€Å"for a kingdom! Upon my honor, I never met so many pleasant girls in my life, as I have this evening; are there are several of them you see uncommonly pretty. † (Austin 1 1)!In this passage from Pride and Prejudice, Austin shows contrast between Mr.. Occurs while the characters being foiled, Mr.. Binge and Mr.. Diary, are at a ball and looking for pretty woman to dance with. As Binge finds many of them beautiful, it shows how he is fond of everyone and wants to see the good in them. On the other hand, Diary is more conceited and proud. He is not approving of many people and is quick Judge, resulting in him not dancing. This foiling characterizes the two men so the readers get to know more about who they are. This quote enhances the story by emphasizing the opposition of their character in a elegant language.They both are close friends but view the world differently. As an effect of this foil, the reader gets to understand the characters, their reason for behavior, and understand events that could possibly result because of their personalities later on in the book. Also, the characters get to shine because of how opposite they behave and interact with others. In this context, Mr.. Binge seems a very kind and social person. If Mr.. Diary weren't present to be conceited, Mr.. Binge would come off as an average person. ! Sydney Simpson ! Literary Analysis #3!Elizabeth continued her walk alone, crossing field after field at a quick pace, Jumping over stiles and springing over puddles with impatient activity, and finding herself at last within view of the house, with weary ankles, dirty stockings, and a face glowing with the warmth of exercise. † (Austin 32)! This select quote from Pride and Prejudice exemplifies the literary term imagery very well. Austin uses very detailed words to describe Elizabethan actions and appearances as she attempts to reach the Binge house where Jane reside s. Imagery is a use of vivid language to describe something and create an â€Å"image† in the readers dead.Imagery also awakens the reader's senses to feel, taste, hear, smell, or see what is being described. It is present all throughout Pride and Prejudice. The author uses this to connect the readers to the book. Imagery also helps the reader understand the emotions and thoughts of character by really describing what is happening and how they react in that situation. This quote clearly fits the term because of the texts descriptive voice of how Elizabethan actions convey her emotions. For example, we can see how determined and excited Elizabeth is because it is described so well how she s running to the house despite the rain.When she appears to the door, the Bentleys are appalled to see her in such manner. We as readers understand that because we can picture in our heads exactly what she appears as. ! 26 August 2014! Literary Analysis #4! â€Å"Her performance was pleasing , though by no means capital. † (Austin 25)! ! This quote from Pride and Prejudice uses the literary technique of rhetorical shift. The characteristics of a rhetorical shift include changing the attitude from one to another in a sentence with a conjunction such as but, or, or though.This passage fits refectory because it starts off with a positive attitude towards Charlotte instrumental performance and than shifts the tone to a more negative attitude. We know this because Austin uses the term says â€Å"by no means capital† meaning subpart and not accepted. Using a rhetorical in the text shifts the mood and/or ideas in the passage. In this case, the main idea of the passage before talked about was Mr.. Diary and Charlotte associations with Colonel Forester. Using the rhetorical shift as a transition phrase, the idea's shift to Charlotte performance and her family. Honors English 9- Period 2! 28 August 2014! Literary Analysis #5! â€Å"Other books were produced and afte r some deliberation, he chose Force's Sermons. † (Austin 68)! The literary term allusion is used in this quote from Pride and Prejudice by Jane Austin. An allusion is addressed to as a statement that refers to something without mentioning it directly. In this case, the book Force's Sermon's was referred as a book being read to the Bennett girls by Mr.. Collins, their father's cousin and heir to the Bennett estate. The book teaches of sermons or morals to women written by clergyman James Forced in 1766. Mr..Collins is also a clergyman, or member of the leery in church. This hints at Mr.. Collins want for the Bennett girls to follow the sermons of being proper and lady-like. It makes sense because in this time period, family. Mr.. Collins book choice also reveals more about his character and support of women staying at home. It becomes obvious that the Bennett daughters want more for themselves other than a housewife because Lydia is astonished of his book choice and interrupts him because of disinterest. Mr.. Collins than becomes offended and confesses he is surprised how many women don't follow the sermon when it is there for their benefit. !

Case Study: Managerial Finance Chapter 14

BUS650: Managerial Finance Chapter 14 Closing Case Professor: Darrell Early October 8, 2011 1. If Stephenson wishes to maximize its total market value, would you recommend that it issue debt or equity to finance the land purchase? Explain. If Stephenson wishes to maximize the overall value of the firm, it should use debt to finance the $95 million purchase. Since interest payments are tax deductible, debt in the firm’s capital structure will decrease the firm’s taxable income, creating a tax shield that will increase the overall value of the firm. 2. Construct Stephenson’s market value balance sheet before it announces the purchase.Since Stephenson is an all-equity firm with 15 million shares of common stock outstanding, worth $34. 50 per share, the market value of the firm is: Market value of equity = $34. 50(15,000,000) Market value of equity = $517,500,000 So, the market value balance sheet before the land purchase is: Assets $517,500,000 Debt -Equity $517,500 ,000 Total assets $517,500,000 Debt &Equity $517,500,000 3. Suppose Stephenson decides to issue equity to finance the purchase. a. What is the net present value of the project? As a result of the purchase, the firm’s pre-tax earnings will increase by$23 million per year in perpetuity.These earnings are taxed at a rate of40 percent. Therefore, after taxes, the purchase increases the annual expected earnings of the firm by: Earnings increase = $23,000,000(1– . 40) Earnings increase = $13,800,000 Since Stephenson is an all-equity firm, the appropriate discount rate is the firm’s unlevered cost of equity, so the NPV of the purchase is: NPV= – $95,000,000 + ($13,800,000 / . 125)NPV = $15,400,000 b. Construct Stephenson’s market value balance sheet after it announces that the firm will finance the purchase using equity.What would be the new price per share of the firm’s stock? How many shares will Stephenson need to issue in order to finance the p urchase? After the announcement, the value of Stephenson will increase by $15. 4 million, the net present value of the purchase. Under the efficient-market hypothesis, the market value of the firm’s equity will immediately rise to reflect the NPV of the project. Therefore, the market value of Stephenson’s equity after the announcement will be: Equity Value = $517,500,000 + $15,400,000 Equity Value = $ 532,900,000 Market value balance sheetOld assets $517,500,000Debt NVP of project$15,400,000Equity $532,900,000 Total equity$532,900,000Debt & Equity$532,900,000 Since the market value of the firm’s equity is $532,900. 000 and the firm has 15 million shares of common stock outstanding. Stephenson’s stock price after the announcement will be: New share price: $532,900,000/ $15,000,000 New share price: $35. 53 Since Stephenson must raise $95 million to finance the purchase and the firm’s stock worth $35. 53 per share, Stephanie must issue: Shares to issu e = $95,000,000/$35. 53 Shares to issue = $2,673,797 c.Construct Stephenson’s market value balance sheet after the equity issue, but before the purchase has been made. How many shares of common stock does Stephenson have out- standing? What is the price per share of the firm’s stock? Stephenson will receive $95 million in cash as a result of the equity issue. This will increase the firm’s assets and equity by $95 million. So, the new market value balance sheet after the stock issue will be: Market value balance sheet Cash$95,000,000Debt Old assets$517,500,000Equity$627,900,000 NPV of project$15,400,000 Total Assets$627,900,000Debt & Equity$627,900,000The stock change will remain unchanged. To show this Stephenson will have to: Total shares outstanding = $15,000,000 + 2,673,797 Total shares outstanding = 17,673,797 So the share price is: Share price = $627,900,00/$17,673,797 Share price = $35. 53 d. Construct Stephenson’s market value balance sheet after t he purchase has been made. The market value balance sheet of the company: Old assets $517,500,000Debt Building $95,000,000Equity$627,900,000 NVP of project$15,400,000 Total assets $627,900,000Debt& Equity$627,900,000 4. Suppose Stephenson decides to issue debt in order to finance the purchase. . What will the market value of the Stephenson company be if the purchase is financed with debt? Modilgliani-Miller states that in a world with corporate taxes: Vl = Vu + cB As was shown in question 3, Stephenson will be worth $627. 9 million if it finances the purchase with equity. It is to finance the initial the outlay of the project with debt; the firm would have $95 million. So the value of the company if it financed with debt is: Vl = $627,900,000 + . 40 ($95,000,000) Vl = $665,900,000 b. Construct Stephenson’s market value balance sheet after both the debt issue and the land purchase.What is the price per share of the firm’s stock? After the announcement, the value of Step henson will immediately rise by the percent value of the project. Since the market value of the firms debt is $95 million and the value of the firm is $627. 9 million w can calculate the market value of Stephenson’s equity. Stephenson’s market value balance sheet after the debt issue will be: Value unlevered$627,900,000Debt$95,000,000 Tax sheet$38,000,000Equity$570,900,000 Total assets $665,900,000Debt& Equity$665,900,000 Since the market value of Stephenson’s equity is $570. million and the firm has 15 million shares of common stock outstanding. Stephenson’s stock price after the debt issue will be: Stock Price = $570,900,000/$15,000,000 Stock Price = $38. 06 5. Which method of financing maximizes the per-share stock price of Stephenson’s equity? If Stephenson uses equity in order to finance the project, the firm’s stock price will remain at 35. 53 per share. If the firm uses debt in order to finance the project, the firm’s stock pri ce will rise to $38. 06 per share. There fare, debt financing maximizes the per share stock price of a firm’s equity.

Account for the widening of the franchise in Britain essays

Account for the widening of the franchise in Britain essays Account for the widening of the franchise in Britain Between 1850 and 1928 enfranchisement had grown rapidly. There were many aspects which contributed to the rapid growth of the franchise in Britain: government legislation, changing society, various reform movements, different individuals who worked for reform, the womens right movement, emergence of socialism, a factor which preached equality and finally the Labour Party. Changing society, the period 1867 to 1928 saw a very large change in Britains political identity. The effectiveness of industrialisation and urbanisation were catalysts for social change which transferred the political system from a limited democracy to a modern representative Liberal democracy. This made people fight for justice and equal rights. They began to fight for political, social , economic change through pressure groups like the Independent Labour Party, Woman Social, Political Unions and Trade Unions. People sought social, political and economic change, however reform was not given, therefore it had to be fought for. I think this partly contributed to the widening of the franchise because people now began to want change, they sought for equality and were determined to get it. This encouraged other people, therefore it had a knock on effect on other people. More and more people wanted the right to vote. Another aspect, the Government dreaded the idea of revolution. In 1848 there were plenty of revolutions occurring around the world there was the French revolution, this encouraged ideas to spread. the Government despised this reaction. the French revolution led to an upsurge of interest in reform, however the violence of the French Revolution made the consider enlarging the franchise. The apprehension of the French Revolution saw an greater extend in democratic changes which allowed the expansion of franchise in ...

Eleanor of Aquitaines Children and Grandchildren

Eleanor of Aquitaine's Children and Grandchildren Eleanor of Aquitaine has been called the â€Å"grandmother of Europe† for the connections of her children and grandchildren to many royal houses.   Here are the children and grandchildren of Eleanor of Aquitaine: First Marriage: to Louis VII of France Eleanor of Aquitaine (1122 – 1204) married Prince Louis of France, later Louis VII of France (1120 – 1180), on July 25, 1137. Their marriage was annulled in 1152, and Louis maintained custody of their daughters. 1. Marie, Countess of Champagne Marie of France (1145 – 1198) married Henry I (1127 – 1181), Count of Champagne, in 1164.   They had four children.   2. Alix, Countess of Blois Alix of France (1151 – 1197) married Theobold V (1130 – 1191), Count of Blois, in 1164.   They had seven children. More details and generations: Eleanor of Aquitaines Children and Grandchildren: Her First Marriage Second Marriage: Henry II of England After Eleanor of Aquitaine’s first marriage was annulled, she married Henry FitzEmpress (1133 – 1189), later Henry II of England. 1. William IX, Count of Poitiers William IX (1153 – 1156), Count of Poitiers 2. Henry the Young King Henry (1155 – 1183) the Young King married Margaret of France (betrothed November 2, 1160, married August 27, 1172).   Her father was Louis VII of France, Eleanor of Aquitaine’s first husband, and her mother was Louis’ second wife, Constance of Castile; Henry and Margaret shared two older half-sisters, Marie and Alix. After Henry’s death she married Bela III of Hungary in 1186. William of England (1177 – 1177), born premature, died three days after birth 3. Matilda, Duchess of Saxony and of Bavaria Matilda (1156 – 1189) of England, married as his second wife, Henry the Lion, Duke of Saxony and of Bavaria. Their children lived in England after their father was deposed in 1180 until their mother’s death; William, the youngest child, was born in that exile period. More details and generations: Eleanor of Aquitaine’s Descendants Through Matilda, Duchess of Saxony 4. Richard I of England Richard I (1157 – 1199) of England, married Berengaria of Navarre (1170 – 1230); they had no children 5. Geoffrey II, Duke of Brittany Geoffrey II (1158 – 1186), Duke of Brittany, married Constance, Duchess of Brittany (1161 – 1201) in 1181. More details and generations: Eleanor of Aquitaine’s Descendants Through Geoffrey II of Brittany 6. Eleanor, Queen of Castile Eleanor (1162 – 1214) of England married Alfonso VIII (1155 – 1214), King of Castile, in 1177 More details and generations: Eleanor of Aquitaine’s Descendants Through Eleanor, Queen of Castille 7. Joan, Queen of Sicily Joan (1165 – 1199) of England, married first William II (1155 – 1189) of Sicily in 1177, then married, as his fifth of six wives, Raymond VI (1156 – 1222) of Toulouse in 1197. More details and generations: Eleanor of Aquitaine’s Descendants Through Joan, Queen of Sicily 8. John of England John (1166 – 1216) of England, known as John Lackland, married first Isabella (~1173 – 1217), Countess of Gloucester, in 1189 (betrothed 1176, annulled 1199, she married twice more), then second, in 1200, Isabella (~1188 – 1246), Countess of Angoulà ªme (she remarried after John’s death). More details and generations: Eleanor of Aquitaine’s Descendants Through John, King of England Two of Eleanors Ancestors (Grandchildren / Great-Grandchildren) were canonized as saints in the Roman Catholic Church:   Ferdinand II, King of Castile and Leà ³n, Isabelle of France The Royal Houses Listed here are some of the descendants of Eleanor of Aquitaine children, grandchildren and great grandchildren only who were kings, queens, empresses (the women usually as consorts though a few ruled in their own right): England: Henry the Young King, Richard I of England, John of England, Eleanor Fair Maid of Brittany was for a time proposed as the rightful ruler of England, Henry III of England. Edward I of England France: Blanche of Castile, Queen of France, Louis IX of France Spain (Castile, Leon, Aragon): Eleanor, Queen of Castile, Ferdinand II, King of Castile and Leà ³n, Berengaria, Queen of Castile and Leà ³n (ruled Castile briefly in her own right), Eleanor of Castile, Queen of Aragon, Henry of Castile Portugal: Urraca of Castile, Queen of Portugal, Sancho II of Portugal, Afonso III of Portugal Scotland: Joan of England, Queen of Scotland, Margaret of England, Queen of Scotland Other: Otto IV, Holy Roman Emperor, Richard of Cornwall, King of the Romans, Isabella of England, Holy Roman Empress, Charles I of Sicily, Marie of Champagne, Empress of Constantinople, Alice of Champagne, Queen of Cyprus, Berengaria of Leà ³n, Queen of Jerusalem, Eleanor of Portugal, Queen of Denmark, Eleanor de Montfort, Princess of Wales More About Eleanor of Aquitaine Eleanor of Aquitaine BiographySiblings of Eleanor of Aquitaine

Business Plan Assignment Example | Topics and Well Written Essays - 5000 words

Business Plan - Assignment Example It is projected that the company can be able to fulfil its predetermined business targets by following the aforementioned aspects at large. Table of Contents Executive Summary 2 Introduction and Background of the Venture and Management Team 4 Background of the Venture 5 Management Team 5 Main Objective of the Proposed Business Plan 6 Marketing Section – Including Market Research & the Marketing Mix 7 Market Research 7 Marketing Mix 9 Competition 13 Operations Section - Including Manufacturing & Physical Distribution 15 Manufacturing 15 Physical Distribution 19 Financial Section 22 Source of Finance 22 Financial Goals 22 Income Statement 23 24 Projected Profit & Loss 25 Break-Even Analysis 25 Implementation Time Table 26 Conclusion 27 References 29 Introduction and Background of the Venture and Management Team A business plan is often regarded as a crucial step for an entrepreneur intending to inaugurate a new business venture or expand the existing business unit at a newly loc ated marketplace. It essentially plays the role of a guide to the various operations of the organisation within the marketplace (Tiffany & Peterson, 2011). In order to demonstrate a viable business structure, the business plan reflects a clear depiction of the business including its offerings, sales and marketing strategies, information of management groups and their roles along with making a prediction of the financial forecast for succeeding few years that the organisation will take into concern (Analoui & Karami, 2003). Moreover, in order to demonstrate the viability of the overall business design, it is also important for the organisation to identify the specific market for the products and services, find out the competitive advantages as well as to evaluate the cost and profit margins of the business (GRANT finder Ltd., n.d.). With regard to the notion of business plan, the primary objective of this study is to prepare an effective business plan for XYZ Company concerning the p ractice of manufacturing and marketing of electronic dash duster product especially for the car care and aftermarket accessories segment in Australia. Background of the Venture XYZ Company intends to commence its business operations as a small competitive car care product manufacturer in Australia. The company would aim to perform a competitive role in the Australian car care product market through rendering a range of innovative and creative products to the customers. Moreover, the company would also like to build a respected position through its exceptional marketing and promotional campaigns which further would enable the company to execute its activities efficiently in the respective industry. The business processes of the company will be highly focused on manufacturing innovative car care products which would offer substantial benefits for the customers. Moreover, the manufacturing process of XYZ would be focused on providing adequate facilities to its ultimate customers in ter ms of maintaining their cars in an efficient manner. Management Team XYZ aims to establish itself as a pioneer in the field of innovative product offerings in the Australian car care aftermarket industry. The company will be incorporated with the aid of a well-built management team with a feasible number of staff in its different

Collective Bargaining in US Professional Sports Research Paper

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