Tuesday, May 5, 2020
African Heroes free essay sample
An examination of various African heroes and related rituals and customs. An analysis of Things Fall Apart by Chinua Achebe and Efuru by Flora Nwapa. The author examines these two novels that center around the lives of the Igbo people of East Africa. The writers reveal religious beliefs and social customs through the daily habits of the protagonists, Okonkwo and Efuru. A discussion of both. From the paper: Things Fall Apart by Chinua Achebe and Efuru by Flora Nwapa center around the lives of the Igbo people of East Africa. In both novels, the authors reveal religious beliefs and social customs through the daily habits of the protagonists, Okonkwo and Efuru. Both are faced with challenges that involve questioning the validity of Igbo traditions. Notable characters are usually remembered for their unconventionality or tendencies to push the envelope. From Achebes novel, the reader ascertains the development of a male point of view in Igbo civilization through Okonkwos character. We will write a custom essay sample on African Heroes or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page
Sunday, April 26, 2020
Notes on Samples College Admission Essay in Simple Step by Step Order
Notes on Samples College Admission Essay in Simple Step by Step Order It takes only 5 minutes to read a review and discover out all you have to know about that corporation. It is possible to even check out several reviews and opt for the business that is most suitable for your requirements and very affordable budget. The review is going to teach you whatever you want to understand and then it is possible to place your purchase confidently. Perhaps right now you're trying to enter the school that you dream about. We'll manage them, and for a fair price, as we understand that students generally don't have plenty of money to spare. Being aware of what to expect after you graduate can help you choose which program to apply for and permit you to target your statement or essay in a manner that will present your commitment. Your urge to help people are sometimes an amazing kind of inspiration for your essay. It might be difficult sometimes, especially whenever you're having difficulty finding inspiration to write. Now things started to get really intriguing. For some of them you will require help, while others it is possible to write by yourself. What You Don't Know About Samples College Admission Essay You don't need to be concerned about the should revise and correct the paper you make it from us. It's extremely important to read carefully essay services reviews, because you would like to avoid low high quality services. By reading this section you will learn if urgent deadlines are accepted and in the event the provider indeed respects your deadlines. Following your initial draft is finished, allow it to sit for no less than a day. The essays topic could possibly be about. Each kind of essay has its own strategy. The essay is easily the most important part of a university appllication see sample essays ideal for applying to schools in the us. Your essay is an exceptional reflection of who you are as an individual. For some applicants, simply getting into a superior nursing school is the most significant element. Bear in mind, you don't have a good deal of room. Boost your college essay to the peak of the pile! The absolute most important facts are the ones that highlight your precise qualifications for the degree program. If you're thinking that you will need a person to compose my essay at this time, you can just rely on our honest reviews. Although you ought to be creative whilst writing your essay, resist the temptation to find creative with the facts. To provide you with a remedy on how best to compose an impressive college essay, here are some hints you may wish to consider. Admissions staff members want to understand the way your presence will produce the college a better place. In addition to its growing cultural and ethnic diversity, State University is turning into a master at developing a niche for each and every student. You wish to utilize your essay for a tool to demonstrate why you need to go to their school, versus simply stating why you wish to go there. Since our writers are experts in numerous forms of papers, we understand how to target your college no matter the discipline you chose. Despite the fact that this task requires just a few things to finish, most students find it extremely difficult to compose an essay with quality. Writing a superb nursing school essay is quite important to getting your application considered and accepted. Being in college might be a small struggle for some. You might find out that what you feel you want as a nursing career, isn't really what you desire! Writing skills in college isn't restricted to essays.
Investing Time in Research Article Topics
Investing Time in Research Article TopicsThe invention of cell phones has opened a new frontier in modern culture, giving many people who previously had no access to technology as a way to carry on with their daily lives without having to leave their homes. Because of this, people are now spending less time away from home and more time on the cell phone, so they have an easier time concentrating on work or a casual conversation. They can also learn things much faster since they will be able to discuss things with others in real time.The invention of cell phones is one of the main reasons why so many people are now taking original research article topics, which are written for the purpose of developing greater understanding and communication skills. People often find it harder to formulate arguments and even difficult to convey the entire argument to a co-worker or classmate in a reasonable amount of time. This lack of comprehension, and the communication gap that result from this ina bility, have led to an increase in the number of telecommunication students in universities across the country.Although studies have shown that telecommunication students enjoy much better test scores than regular students, the increasing use of the internet for a range of activities has seen many companies and organizations try to come up with strategies to reduce the cost of running these companies by studying mobile phone usage. Companies have realized that a traditional telecommunication company would incur huge costs for their services if they were to use them as a stand-alone business. Consequently, they have realised that it is far cheaper to be connected to a traditional telephone company via a wireless provider such as Verizon. And that is exactly what they do.But to get that connection to their partners or colleagues, they have to connect to a certain facility that allows them to get phone numbers to those they are trying to contact. For most people, this service requires a fee and generally takes around 30 seconds to get. That is the length of time that it takes to connect to one's friend or colleague via one's cellular provider. It's all very efficient, but for students, a very important point needs to be noted.In order to develop their minds, students will need to be able to come up with original research article topics that will teach them to think like an individual without being part of a specific group affiliation. Their essay should not only be based on traditional terms and concepts that they have already heard about, but it must be based on something they have never seen before. This is where the mobile phone comes into play. Their job, in a sense, is to find ways to call friends and make new friends.Students often get used to using English software to write good quality research articles, but this does not make them any more prepared to write original research article topics based on cellular phones. It may be easier to send out one's writ ings in an electronic form, but this still requires research articles to be written, which requires research information and keywords to be sent out to a mobile phone directory. This is the one thing that is missing, and it is all due to the invention of cell phones.The invention of cell phones has turned out to be an excellent opportunity for students to get to good writing and research skills. While it is understandable that students do not want to write articles that they cannot prove, it is an inevitable fact that they need to spend some time being familiar with the field. One can learn a lot by talking to peers and getting a feel for what they are discussing. Of course, it is always best to visit their parents' house so they can use their own cell phones to do the necessary research.
How to Find an Easy Research Paper Outline
How to Find an Easy Research Paper OutlineSome may wonder how to find an easy research paper outline. Perhaps you have already been asked to write an outline for a project or you are currently writing your own paper. There are some basic tips that can help make your paper easier to write.First, figure out what the outline is for and stick to it. It is not necessary to use all of it in your paper. If you have more ideas that you want to include but cannot get them on the page or at least start them up, you may need to cut some of them out.Second, don't force yourself to do the details you don't need to do and the project needs. As long as you stick to the outline, your writing should be smooth and easy. One of the best things about using an outline is that it will guide you. As you become familiar with the outlines that are out there, you can easily use them to your advantage.Third, always make sure you have the final decision before you begin. If you are deciding on how many pages yo u will have for your paper, ensure you have decided on the number of pages you need to write and how many you have planned to write. By following the right direction, you will avoid adding extra pages later. The outline is very important in this case.Fourth, to get an idea of how many pages to leave out or put in an extra space, put all of the pages you may need to include in one final page. Do not write the same number of pages twice because you do not want to run out of paper when you finish. However, the last page should be what you feel is the final page. It is the last page that will contain all of the information you need to be able to describe and conclude your paper.Finally, the next time you find yourself in need of an outline, don't hesitate to use it. You may find that you do not want to write another outline for another project, but an outline is so important that you cannot afford to ignore it. Make the most of the outline you already have by using it. Most likely, you will be using it for your next paper or even if you are already writing one.An outline is not only a great tool to make writing easier, but an outline is a research tool itself. Once you get comfortable with an outline, you will likely find that you will be able to use it for your other research papers. As you get better at using an outline, you will find that writing is a breeze.
Essay Topics
Essay TopicsEssay topics can be selected after careful study of a variety of topics. It is not possible to select every topic because it would take up an enormous amount of time and energy. There are about sixty topics that are very important, but not all of them are high in demand. A student may choose some other topic, but for which the degree in the university has assigned a very high grade.One good topic would be the subject of your political views. This may be the most crucial in determining your career path, particularly if you have been one of the leaders of the country in a major sense. And the good news is that you can write this topic in a thesis for which you may have to submit your very own dissertation or thesis. The thesis will bear the stamp of the university and the country and you can claim that your political views are the only basis on which you can write an intelligent essay. You can also impress the employer by offering a dissertation on the positive aspects of y our political views.A great topic to write is religion and faith. These topics are vital for some and theologically grounded for others. These are the topics for writing an essay based on research into the literature and history and subject matter of religion and faith. You can claim that you are sincere in the examination of religion and faith and can point out the compatibility of faith with human society. There are thousands of questions that you can put into perspective that can help you make the argument based on facts and research.A good topic to write on would be photography. This is a form of media in which a photo can convey different emotions to a viewer. Whether a particular shot of an event was staged, the subject is so moving that it is just unimaginable to ignore it and thus preserve the memory.Another excellent topic would be studying the history of the earth. One can write an essay on how the earth got formed, how the history has changed in that period, and the exact reasons that led to the emergence of different civilizations. These are the topics for writing an essay based on research into the history of mankind. You can offer a thesis to the university in this case to prove that you have a keen interest in the history of mankind.Another great topic to write is science. You can write an essay on science and how it helps humankind to develop better ways of living and working. The theme of your essay can come from your own research or it can be written from some expert who has worked on the same. This topic can also be formulated in a thesis, if there is no syllabus in your university to do so. But there is a problem for the student in that it takes an enormous amount of time to find relevant information on such a topic. If you are someone who enjoys the information, then a large library should come in handy for you.Essays can be created based on researching yourself. However, these topics for writing essay will help you earn more prestige as a student, and theses have a great standing in admissions at the universities.
Sunday, April 19, 2020
Oskar Schindler free essay sample
If you saw a dog going to be crushed under a car, wouldnââ¬â¢t you help himâ⬠. He went from being a selfish, greedy player to a savior for the Jewish people. In the end, he did what most Germans wouldnââ¬â¢t do, and thatââ¬â¢s saving a large portion of a race that was discriminated against during this time. Oskar Schindler was born on April 28, 1908 in Zwittau, Austria-Hungary. He grew up wealthy and happy in one of the worst environments of this time. In the book Oskar Schindler: Righteous Gentile, it reads ââ¬Å"He was known as a carefree party lover and future business manâ⬠This tells you that the people around him knew he was a handful, but had a great future ahead of him because of his family. As a child to his teenage years, Oskar didnââ¬â¢t really make good decisions mainly because of his wealth. In an article it reads, ââ¬Å"He was born catholic, but from an early age je inhabited a world of sinâ⬠(Pottinger, article). We will write a custom essay sample on Oskar Schindler or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page This tells that he had good teachings but at an early age was exposed to the bad parts of the world. Oskar had to work many jobs due to the great depression. In an article it says, ââ¬Å"never one to miss a chance to make money, he marched into Poland on the heels of the S. S. â⬠(Pottinger, article). This explains that Oskar made money anyway he could, even if it meant illegally. The depression also opened more opportunities for Oskar also. In the article ââ¬Å"Oskar Schindler: 1908-1974â⬠, it says ââ¬Å"He has presided or the demise of the family business and became a salesman when opportunity came knocking in the guise of the war ââ¬Å". It shows that when Oskarââ¬â¢s family businessman went bankrupt, he became a businessman to make profit off the war. Consequently, Oskar worked a lot of jobs because of the hardships faced during the war. During the time of Oskarââ¬â¢s life Germany was changing rapidly. In 1933 Hitler and the Nazis came to power and made plans to change Germany. An article says ââ¬Å"the Nazis, who came to power in Germany believed that Germans were racially superior and that Jews were deemed inferior, were an Alien threat to the so called German racial communityâ⬠(U. S. Holocaust museum). When Hitler came into power he had already established his plans to eliminate the Jewish race. The Nazis persecuted not only Jews, but people out of the ordinary too. One article readsâ⬠By 1935 Sudeten Germans who wanted to avoid being labeled as communists or social democrats joined the Nazi Sudeten German Party. â⬠(Yourdictionary). The Sudeten Germans would be known as communist, so they joined the Nazi party to avoid death or persecution. The Germans invaded Poland and started to put Jews in ghettos. ââ¬Å"Jews were herded into crowded ghettos, randomly beaten and humiliated, capriciously killedââ¬Å" (Pottinger, Article). The Germans started to punish the Jews in Krakow. ââ¬Å"The Germans decided that, to stay in the ghetto, Jews would have to work. Anyone who didnââ¬â¢t have a job including children and older people had to leave. Eventually, only 15,000 Jews were left. (Roberts, 27). The Germans forced Jews in ghettos to work. Others had to leave or got sent to die. In 1944 Allies invaded Poland and Germans eventually surrendered. ââ¬Å"As the Russian Army approached, Nazis tried to desperately to complete their program of liquidation and sent all remaining Jews to dieâ⬠(Pottinger, Article). When the Russian army neared the Nazis tried to quickly eliminate the rest of the Jews. The allies were winning the battle against Germany. An article states that ââ¬Å"The marches continued until May 7, 1945, the day the German armed forces surrendered unconditionally to the Alliesâ⬠(U. S. Holocaust museum). This says that the Allies marched into Germany and the Germans had no choice but to surrender. Overall, the Germans tortured the Jews and killed many till the allies came. Oskar Schindler eventually saved up enough money to get a factory known as the Emalia. ââ¬Å"Schindlerââ¬â¢s Emalia as it was known served as a haven for Jews ââ¬Å". Schindler factory was run by Jews which saved them from death and other disastrous things. Schindlerââ¬â¢s main focus was to help the Jews. ââ¬Å"In addition to the approximately 1,000 Jewish forced laborers registered as factory workers, Schindler permitted about450 Jews working in other nearby factories to live at Emalia as well ââ¬Å"(Crowe). He used the Emalia as a place for the Jews to live till they could be moved. Schindler had mainly Jews working in his factory. ââ¬Å"One of his assistants drew several versions of a list of up to 1200 Jewish prisoners needed to work in the new factoryâ⬠(Crowe). This helped about 1200 escape from death.
Sunday, March 15, 2020
Nike Case Essays
Nike Case Essays Nike Case Paper Nike Case Paper What is the WACC and why is it important to estimate a firmââ¬â¢s cost of capital? Do you agree with Joanna Cohenââ¬â¢s WACC calculation? Why or why not? WACC is the weighted average cost of capital. It can be calculated as: WACC = (Weight of funding source 1) x (Cost of funding source 1) + â⬠¦ + (Weight of funding source n) x (Cost of funding source n) Usually this will be simply: WACC = (Percentage of debt) x (Cost of debt) + (Percentage of equity) x (Cost of equity) It is important to estimate a firmââ¬â¢s cost of capital for the appraisal of new projects; a project should only be undertaken if the return from it is greater than that of the capital required to fund it unless there are other compelling (strategic) reasons. A firm should also be aware of itââ¬â¢s own cost of capital and try to minimise this. We do not agree with Joannââ¬â¢s WACC calculation: ? Her funding source weightings are wrong ? There is an argument that all debt (including accounts payable etc) or net debt and a blended return on this should be used The debt figure will only ever be an estimate as the balance sheet is one day in the year ? Her analysis assumes Nike debt is trading at par ââ¬â it is not ? Equity should be based on market value, not book value ? Hence total will be based on market cap. , not balance sheet ? Her debt cost is wrong ? She should use the current or projected cost rather than a historic one ? i. e. use a Bloomberg terminal (other term inals are available) to research yields on debt of the same credit rating as Nike ? It is unlikely Nike has a cost of debt lower than T bills Raising debt in a foreign currency (Jap Yen) either carries an associated hedging cost or exposes the borrower to FX risk, hence the coupon rate on the notes is not the actual cost of the debt ? Her assumed tax rate is probably wrong, if a firm is paying anywhere near the statutory tax rate they are not doing their job properly. We would expect their actual tax rate to be much lower, even though the case does not show this ? Her equity cost is only an estimate and she has not used all of the tools available to her ? The CAPM only provides an estimate. Her inputs are based on assumptions: We do not know whether 20 year T bills are the most appropriate measure of the risk free rate. If NorthPoint is planning a 20 year investment they might be but we need more information. Any proxy for the RFR will only ever be an estimate ? The market risk prem ium is even harder to estimate. Although the geometric mean is the better measure she has used numbers based very old data. Markets may well have changed since 1926 and hence a more recent or even anticipated premium should be used ? Nikeââ¬â¢s Beta appears to be on a downward trend so an average might not be the best estimate. A forward looking Beta based on the outlook and expectations for the business would be better ? Because equity markets are forward looking (12 to 18 months) the current Beta is probably the best estimate ? Nike has been very volatile compared to the SP 500 so the historic Betas smooth reality ? By only considering the CAPM she ignores other methods for calculating the cost of equity and potentially makes a mistake ? A better approach would be to calculate the cost of equity using all available methods then make an estimate based on a larger range of data If you do not agree with Cohenââ¬â¢s analysis, calculate your own WACC for Nike and justify your assumptions [pic] Assumptions: ? Market value of debt ? Better reflection of actual value of source of funds ? We want to be forward looking, par is a historic number ? Running yield on bonds rather than YTM ? Quicker and easier to use ? Not much difference between them (7. 2 vs. 7. 0) o Capital gain on bond is small over life ? Any new debt would have an issue cost so YTM is not a true measure of funding cost ? Effective tax rate from 2001 The best proxy we have ? Still donââ¬â¢t like this number, feels too close to statutory rate. Interest is low so not much tax shield but what about capital allowances and general mitigation schemes? ? Most current equity market price ? Best information we have ? CAPM cost of equity ? See question 3 below for fuller description of methods ? CAPM is not perfect but: o Dividend Discount Model is too heavily dependent on a ââ¬Ëblack boxââ¬â¢ nu mber for dividend growth ââ¬â we have no understanding of this number o Capitalisation Ratio is quite a crude approach Calculate the costs of equity using CAPM, the dividend discount model, and the earnings capitalisation ratio. What are the advantages and disadvantages of each method? CAPM: [pic] Risk Free Rate is an average of 1, 5 and 10 year T bills. We assume this as a proxy for Nikeââ¬â¢s actual debt profile. We use the current Beta because equity markets are forward looking. If we assume efficiency then all known information is in the current Beta. Betas will change over time so historic data is less relevant; we need to predict the future. Using regression our forecast Beta is 0. 0 so the results are very close. We use 9. 2% as a risk premium. It comes from Brealey Myers (2000) and is for the SP 500. It is the number that would have been available and appropriate for Kimi at the time. We may use a different number today based on our expectations of market returns although Brealey Myers argue that the best approach is to use as much data as possible to remove the effects of market fluctua tions. We have to ask ourselves whether market behaviour from 2008 onwards is the new paradigm. Advantages: ? Recognises return for risk Only considers risks that cannot be eliminated by diversification ? Is the most simple way of doing both of these ? Widely used so widely understood ? Does not rely on company financial projections Disadvantages: ? More of an art than a science. Includes estimates and assumptions for ? Risk free rate. Govt. bonds are not always the best proxy, i. e. some European debt. Also, RFR is probably not a real return due to inflation ? Expected market return. If we knew this number we would not be working for a living ? Beta. Decisions a company makes will change Beta. Depending on what the company is doing historic data may be worthless and hence we need to make our own estimate ? Assumes that Beta is the only reason equity prices move ? Assumes equity indices as proxies for movements in all asset values. This is a simplification of reality as many companies are privately owned ? The perceived required risk premium will change over time ? Investors will have different required rates of return for Nike depending on whether or not they hold it in a portfolio Dividend Discount Model: Problem:Dividends have been constant for the last 3 years. We are being asked to believe a growth story and perhaps an increase in dividend from that. We have no guidance on future dividend levels so the best we can do is use the Value Line Forecast of 5. 50%. Assuming constant growth and using the Gordon Model: Expected Return = Expected Dividend Yield + Expected Growth = 6. 6% Advantages: ? Very simple (in the constant growth form) ? Based on actual cashflows to shareholders Disadvantages: ? The simplified version of the equation we have used assumes the stock is in equilibrium ? Assumes a constant dividend growth rate, this is highly unlikely We do not have sufficient information to predict non-constant growth dividends to put into the full DDM ? Highly dependent on the expected growth rate which we actually have very little idea about ? Assumes we hold the stock in perpetuity. This is not likely for NorthPoint; as a value based fund they will sell at some point to realise a gain (hopefully! ) and re-invest in something they perceive to b e undervalued ? Assumes dividends grow with earnings. We could negate this by assuming dividend irrelevance and basing the analysis on earnings per share Earnings Capitalisation Ratio: Capitalisation Rate = Projected Earnings / Price Method used:Divide forecast free cashflows by current EV Take average Capitalisation Rate = 8. 6% Advantages: ? Quick and simple ? Can be used when no dividends are paid, hence payout ratio is irrelevant Disadvantages ? Relies on projections which are subjective and uncertain ? Compares future earnings to current EV ? Ignores the time value of money ? Solving the Corporation Valuation Model for WACC would be a better approach What should Kimi Ford recommend regarding an investment in Nike? Based on our WACC of 10. % Nike appears to be undervalued (using Joannaââ¬â¢s model, which we have not checked) so Kimi should recommend a buy. However, Kimi should consider the following: ? Do you really want to buy into a promised growth story? Earnings have been flat for a while; do you believe the growth projections? ? How does market price compare to intrinsic value? ? Is the market efficient? Have we really picked up something that no other analyst has or is everything in the price? ? Does the market even recognise fundamental value or is it driven by other things (fear and greed)? Competitors ââ¬â we have only analysed one company. It is not possible to invest on this basis alone. The price of Nike must be compared to a suitable peer group ? Other investment appraisal methods should be used for comparison ââ¬â P/E ratios etc ? Charting (investing technique) could also be considered ? Use her experience (of competitors etc) to estimate a Beta Final recommendation: Growth is uncertain and hence the value of the equity may fall further. This business has low levels of debt (low risk) paying 7% while the required equity return is 11%. Do not buy the equity. Set up an SPV, leverage this as highly as you can and buy the debt. Even if you can only achieve 50% leverage and 5% cost of borrowing (which should not be too ambitious) then you will achieve an 18% return on your equity in the SPV, all whilst invested in a far safer part of the Nike capital structure. Bibliography BREALEY, R. A. and MYERS, S. C. (2000) Principles of Corporate Finance. Sixth Edition. London: McGraw Hill BRIGHAM, E. F. and HOUSTON, J. F. (2009) Fundamentals of Financial Management. Twelfth Edition. Mason: Cengage
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