Limitations of Wacc as a Method of Investment Appraisal Essay

Limitations of Wacc as a Method of Investment Appraisal - Essay Example The present paper has identified that, despite its use in investment appraisal, there are various assumptions that are made when using WACC, hence, limiting its use in appraising investment. The first restrictive assumption that has to be met is that the investment project should be small compared to the investing organization. This, therefore, limits the use of WACC in appraising small investment but cannot be used when a small organization wants to acquire a large organization. The second limitation in the use of WACC is that the business activities of the investment project should be similar to those presently being undertaken by the investing organization. In the light of this, a company cannot use WACC when appraising an investment to diversify its business activities. Student Account describes that when using the weighted average cost of the capital method in appraising an investment, the financing mix adopted to undertake the investment project must be similar to the present c apital structure being used in the investment company. This, therefore, means that if a company uses shareholders money to finance its capital investment, it cannot rely on borrowed capital to make an investment. This, therefore, limits those companies that do not have adequate resources from using this method to appraise investments. Student Account further describes that when using a WACC, the existing providers of finance to the investing company will not change their required rates of return following the investment project that is being undertaken. This is, however, not possible since the rates keep changing following changes in the rates of inflation. In addition, the rates of return on borrowed capital from banks change from time to time due to changes in the rate of interest. This also limits companies that may agree to reduce the number of dividends paid to shareholders from what is paid during the previous years to use these resources in an investment.

Ethical Filter worksheet Essay Example | Topics and Well Written Essays - 750 words

Ethical Filter worksheet - Essay Example At times, one must decide just how honest one can be in a situation without causing further issues to arise. Being communicative is always advantageous as all problems can be resolved on the basis of communication. I have experience of this aspect of personality because of being in groups of friends and working groups. I placed communicativeness at the top of the list in terms of decision making because I think that being communicative is really advantageous in making any kinds of decisions whether they are personal or organizational. With the help of communication, a person cannot only express his/her views regarding a decision but he/she can also allow others to express in order to come to a decision (Caputo, et.al, 2003). Communication is a two way process and is only successful when both the sides are ready to listen to each other (Caputo, et.al, 2003). Therefore, according to my perception, being communicative is most essential for a decision making process and it should be prioritized. Communicativeness is a challenging job as everyone cannot be dragged in discussions at times so extensive effort is required. Communication should be prioritized and in communicating, one’s role should be appreciative. To appreciate the good opinions and information given by a person always encourages people to take part in the decision making process. Also encouragement plays a greater part in persuading people to perform better (Caputo, et.al, 2003). The process of decision making becomes better when people are encouraged to share their opinions. People should be appreciated for their participation (Caputo, et.al, 2003). Appreciation should be there but appreciation that is wrongly done is disadvantageous so this factor should be taken care of. I consider trustworthiness as an important aspect of decision making as one cannot allow the other person to decide or form an opinion if trust is not there in between

A Savage Wisdom by Norman German Essay Example | Topics and Well Written Essays - 500 words

A Savage Wisdom by Norman German - Essay Example Calloway for which she would die by the electric chair. The year between when McQuiston met and married her husband Claude â€Å"cowboy† Henry and the murder of Calloway were full of extremely rash acts of passion and desperation. Though this is factual, German is able to capably and masterfully depict McQuiston as a woman full of fire and enduring love before illustrating her as a murderess. German creates a backdrop of colorful Louisiana history while telling a story of ‘Toni Jo‘, a woman who falls in love with the very businessman that she is in real life, guilty of sleighing with a single gunshot to the back of the head. German paints a fictional view of ‘Toni Jo Henry’ as a popular girl who emerges from the depression; who finds herself in love with a man who would soon betray her. Certainly, the 25 chapter novel is quite a bit different from the actual events surrounding the life of McQuiston (Toni Jo Henry), but if nothing else, it lends a different rendition of how the story could have very well played out. The historical landmark of McQuiston’s tale is certainly, that she was the first and only woman to have ever been sentenced to die by electric chair in Louisiana, having actually served out her sentence. McQuiston was indeed a woman of beauty, based on the historical photographs which have been preserved, of her. German builds upon this feature possessed by McQuiston such that she was able to succeed with as much as she did based on the merit of her looks. If anything, this may be the downfall of the piece. Certainly, the acts of McQuiston are reprehensible and lend nothing to be dismissed or excused; but she deserves to be remembered as being intelligent; albeit deviously so, before being remembered as a fair beauty. The depiction of McQuiston is certainly meant to be fictional, and is done in a brilliant capacity; but the novel may at times, attribute much of her ability to have gotten as

Child Abuse and Steps for Its Prevention Essay Example | Topics and Well Written Essays - 2000 words

Child Abuse and Steps for Its Prevention - Essay Example Baby P was admitted in hospital several times before his death in which instances the healthcare providers, who offered complete and conclusive reports on their physical examinations, noted his battered body and the bruises on his skin (Marinetto, 2011). Over the course of 8 months while his mother was living with her boyfriend (not Peter’s biological father), the child experienced physical trauma resulting in over 50 injuries. This was indicative of a trend of physical abuse from the live-in boyfriend and should have been spotted and stopped before it got to such extents.While the physical abuse was being carried out, the family interacted with agencies that could have noticed the problem over 60 times, with none of these encounters being effective in stopping the abuse. Doctors’ reports analyzed during the inquiry over his death indicated that Baby P had swallowed a tooth broken during a beating, had a broken spine and several fractured ribs. The last of these reports was dated a day before his death and according to pathological reports, should have acted as the much needed wake-up call that could have saved his life. About 9 months and then again 2 months before his death, the child was placed under the protective care of a friend of the family to ensure his well-being. The second homecoming resulted in his death and from the wealth of evidence of abuse that had been accumulated, could have been prevented by the provision of better and more adept child welfare practices by all the professionals involved. Professionals in the social fields have a very important job of putting together the pieces that indicate that an individual needs more help from them than their position affords. As a result, agencies involved in such industries operate under a model of interdependency, with practitioners forwarding the cases that another agency will pick up on. This model allows for the sharing of information and the assessment of cases that social workers would, under normal circumstances, not review. This system depends on the communication between professionals and if this is not established, a lot of cases could go under the radar, as was the case with Baby Peter. This case was repeatedly analyzed by practitioners from several departments who ended up with the conclusion that he was safe in the environment that he was in, which is clearly a fallacy. It is therefore imperative that we understand the shortcomings of the agencies and agents that handled the case to negate the possibility of such c alamities in the future. The physical aspect of child abuse manifests itself in a condition that normally requires the attention of medical practitioners. This is the first line of defense and can create awareness if the neighbors and other individuals in the child’s environment are not aware or do not respond to the child’

A Savage Wisdom by Norman German Essay Example | Topics and Well Written Essays - 500 words

A Savage Wisdom by Norman German - Essay Example Calloway for which she would die by the electric chair. The year between when McQuiston met and married her husband Claude â€Å"cowboy† Henry and the murder of Calloway were full of extremely rash acts of passion and desperation. Though this is factual, German is able to capably and masterfully depict McQuiston as a woman full of fire and enduring love before illustrating her as a murderess. German creates a backdrop of colorful Louisiana history while telling a story of ‘Toni Jo‘, a woman who falls in love with the very businessman that she is in real life, guilty of sleighing with a single gunshot to the back of the head. German paints a fictional view of ‘Toni Jo Henry’ as a popular girl who emerges from the depression; who finds herself in love with a man who would soon betray her. Certainly, the 25 chapter novel is quite a bit different from the actual events surrounding the life of McQuiston (Toni Jo Henry), but if nothing else, it lends a different rendition of how the story could have very well played out. The historical landmark of McQuiston’s tale is certainly, that she was the first and only woman to have ever been sentenced to die by electric chair in Louisiana, having actually served out her sentence. McQuiston was indeed a woman of beauty, based on the historical photographs which have been preserved, of her. German builds upon this feature possessed by McQuiston such that she was able to succeed with as much as she did based on the merit of her looks. If anything, this may be the downfall of the piece. Certainly, the acts of McQuiston are reprehensible and lend nothing to be dismissed or excused; but she deserves to be remembered as being intelligent; albeit deviously so, before being remembered as a fair beauty. The depiction of McQuiston is certainly meant to be fictional, and is done in a brilliant capacity; but the novel may at times, attribute much of her ability to have gotten as

Motivating High School Students Essay Example | Topics and Well Written Essays - 1750 words

Motivating High School Students - Essay Example Creating changes in the planning of courses whereby the teacher is forced to have many choices of materials use in motivating these students. The teacher can spend time on discussions in class activities imposes emotion, social and moral parts of education. This is normally an effective method of motivating students to act on difficult topics in their studies. These students should be encouraged to read more books to gain more knowledge for themselves in various aspects of their studies. Teachers are asked to focus on the students matter culturally, linguistically and socially and at the same time, they should encourage the students to choose subjects that are of interest to them. These high school students should be allowed choose a unit of their study whereby, the teacher can relate the student's preferences of the subjects by asking them questions on the subjects they like and those they dislike. 1 Motivation, in this case the high school teachers who are serious and are engaged in educating this category of students in high schools must apply the teaching techniques they have acquired in order to motivate these students to achieve their goals in school where by each child should be involved in every meaningful learning while at school. The first step that a teacher is recommended to take is to know what the students like or dislike about the school activities and what they would recommend the school to do to enable them have an environment that makes them to learn better. The teacher should also interview the other teachers including carrying out class observations whereby the teacher is enabled to know the strengths and weaknesses of each student who needs motivation under this, the teacher should include the activities and preferences of each student with their personal goals. The teacher should therefore learn to like all students despite their differences in school work performances. He should create an environment for every student in which they can be free to ask their own questions, under this, the teacher is recommended not to be too serious thus he should engage himself in creating funs during his lessons in order to break the boredom that some students may be facing which leads them to dislike the particular teacher which may lead to poor performance by the students in that particular subject that the teacher teaches. Teachers are encouraged to be caring and be able to give attention and assistance to each and every student in his class. This is said to be normally the major factor leading to improvement in the achievement of the students' school goals. The teacher who is engaged in motivating the students should therefore ensure that the students are given personal assistance using various teaching strategies which ensures that every student begin his study work with a success before proceeding to a more challenging work, therefore, the teacher should start by working on the strength of the student but not on his weakness. 2 The teacher is supposed to create an environment in which students are allowed to explain a difficult

What Makes Us Happy?

What Makes Us Happy? During many centuries people were looking for happiness. But the question What makes us happy? still needs the answer. There is no recipe of happiness. It is very individual concept, though there are some general statements that can help person to feel complete and satisfied with his life. These statements were noted in the article What makes us happy? by Joshua Wolf Shenk. Some parts of the text deserves to take the place at the curriculum of the psychology course with a title The Pursuit of Happiness. The goal of the paper is to determine the statements that could be useful for students. To achieve the goal I divided this work into short parts devoting separate questions. Every abstract contain the idea and its value. The question What makes us happy? very philosophic and it is not so easy to find the answer. Different people see their happiness in different things. But it is extremely important to understand what happiness means for you. There are a lot of research works and books devoted this question but nobody take the liberty to give the strict determination to this phenomenon. The article What makes us happy? by Joshua Wolf Shenk contains rather interesting and important information related the question. It says about experiment that had place in Harvard in 1937th and lasted during 70 years. Harvards sophomores agreed to take a part in these researches. They took psychological tests, passed regular medical exams, sat for interviews, everything that were necessary. George Vaillant was a chief curator of these lives, he devoted all his life to this study. He also participated in similar work that was dedicated heroin addicts. W. T. Grant also participated in researches that were directed to identifying the features of successful living. But his work did not last till the end because the chief curator expected the results very fast. But Vaillant was conscious that researches as wine get better after long time. Sometimes the article shortly describes students lives that took part in investigations. It is easy to see that all details of males beings were noted: details about their family, childhood, illnesses, education, social life, marriage life, stressesà ¢Ã¢â€š ¬Ã‚ ¦ Vaillant tried to see the hidden facts that connected or differed all these males, to determine the life facts that made them satisfied with their lives and compare those facts. As it turned out during the researches all the lives were too wired, complicated and big to make any strict conclusion about successful living(Shenk J. W., 2009). After reading and examining the article What Makes Us Happy? I came to decision that it deserves to be mentioned in curriculum of the psychology course with a title The Pursuit of Happiness. But it should take its place among the informational literature as it tells about researches and describes someones experience. This article does not teach us how to be happy or what happiness is! What is important is not to mention all the information that was written in the article. Only some parts deserve students attention. These parts will be given below with explanation of their importance. Physical and psychological health. Joshua Wolf Shenk note about some phenomenon that can be a source of happiness and satisfaction for some people. Some of them are good health, adaptation in society, good family, putting and getting the goals etc. Vaillant pointed at seven factors that can promise healthy aging, he meant psychological and physical health. Employing mature adaptations was one. The others were education, stable marriage, not smoking, not abusing alcohol, some exercise, and healthy weight (Shenk J. W., 2009). This information should take a place at curriculum of psychology course because it throw light upon scientific research fact and shows the importance of living right way of life. The goal of every curriculum is not just to give scientific information but also to make a stress at importance of good habits and right life views. Alcoholism is one of the most serious problems. Vaillant is sure that alcoholism problem is one of the sharpest one: One is alcoholism, which he found is probably the horse, and not the cart, of pathology (Shenk J. W., 2009). He came back to this harmful habit again and again in the article text. This problem must be stressed during curriculum because it spoils both individuals physical and social harmony. After the person become alcohol addictive he ruins all spheres of his life, he loses the respect in society, this causes miserable feelings in his mind plus physical disharmony make person totally unhappy. This fact is very important for understanding happiness phenomenon. Defense mechanisms work to protect people, the rest depends on humans. There is very important idea that goes across the article: humans mind and body are very smart; they change under life conditions to protect us and give good feelings: unconscious responses to pain, conflict, or uncertainty (Shenk J. W., 2009). These processes were also called defense mechanisms (Shenk J. W., 2009). It means that the nature of humans body and mind is perfect, the last depends on human. This fact should make students to remember that individuals life mostly depends on him and in some range on circumstances. Every human should take care of his health, social life, education and other life aspects. He is a master of his life and fate. This kind of information should make student conscious their fortune depends on them and they can make themselves satisfied with their lives. Warm relations with family and society are necessary. The article makes a big stress at family relations. Valliant was sure that this fact is extremely important for every person. It is social aptitude, he writes, not intellectual brilliance or parental social class, that leads to successful aging (Shenk J. W., 2009). Good relationships with parents, cousins, siblings, friends are necessary. As Valliant said in interview: The only thing that really matters in life are your relationships to other people (Shenk J. W., 2009). This statement is one of the leading in the question What makes us happy? It is well known fact that definitely important for every society member. Some statements of the article should be mentioned during psychology curriculum but only as a literature with researches. The question What makes us happy too complicated to give exhaustive explanation. What is necessary is to explain students that such conception as happiness is totally individual. Every person should determine the things that will make him satisfied and happy. There are a lot of fake pictures of happiness that society created. In fast modernization era very hard to determine and fallow individual goals instead of that, people used to accept dictated pictures of happiness. This fact is essential because fake satisfaction never makes human feel harmony. There were million of examples when people committed suicide after getting wrong goals. Imagined feeling of happiness did not make them really happy. This fact says about emotions sincerity that gives the feeling of completeness and satisfaction. This is one of the weighty reasons to define the things that make person truly happy. The philosophic question What makes us happy? is too complicated and multilevel to give exhaustive answer. The article with a title What makes us happy? by Joshua Wolf Shenk presents the information about researches dedicated the identifying main features of successful living. Some statements of the text are worthy to be represented at curriculum of the psychology course, because it contains important information. Thought it should be noted that this kind of information is rather general, every individual can add his own criteria of successful living and happiness. Though it should be noted that all the facts are definitely incontestable. The curriculum of psychology should contain such statements as: physical and psychological health are necessary; alcoholism is one of the most serious problems that ruin both physical and psychological individuals health; defense mechanisms works to protect our body and mind, the rest depends on people; warm relations with family and society are necessary to feel complete and satisfied; extremely important to remember that the concept Happiness is individual; every human must determine the things he needs to be happy. Never accept fake form of happiness otherwise you will never be truly happy.