Premium Essay

5 Free Scrap!

In:

Submitted By NIkki87
Words 278
Pages 2
[Light instrumental music] Verbal communication refers to speech. Within speech, the content or the words themselves have an intended meaning. An additional dimension of meaning is also involved which relates to the way the words are delivered in volume, pitch, tone, and rate. This is also termed "paralanguage." Effective spoken communication requires the appropriate selection of both content and delivery. The content expressed should have clarity, purpose, and meaning to the receiver appropriate to their background and knowledge. The delivery, or paralanguage, used is an even more important consideration. The appropriate tone should be used, preferably one which conveys sincerity, confidence, and respect for the listener. Volume should be suitable, considering the environment, the number of listeners, and the sensitivity of the content. Empathy involves understanding another person's experience from their perspective rather than from your own perspective and being able to convey this understanding to them. Empathy is a vital tool in establishing rapport and building feelings of trust. The key to conveying empathy is the use of active listening. In this process, the receiver of the message checks that they understand what is being said and what may have been omitted. This includes: asking questions to clarify meaning; paraphrasing by stating the message in a shortened version using different words; reflecting the information back, particularly any underlying messages; and summarizing the message. Assertiveness in communication involves stating one's thoughts, feelings, and needs without being aggressive and imposing on those of another person. The aim is to improve the communication process rather than to arouse aggression and create further conflict. The key to conveying appropriate assertiveness is the use of "I" statements. Instead of

Similar Documents

Premium Essay

Ocean Carriers

...Ocean Carrier Case Study Summary In order to accept the recently submitted leasing contract proposal, Ocean Carriers would have to purchase a new ship. The purchasing of a new ship is a considerable investment. We have analyzed whether or not Ocean Carriers should make this investment using Free Cash Flow and Net Present Value (NPV) analysis. Given the details of the contract, the forecasted daily time charter rates, and the costs data; we have concluded that Ocean Carriers should not accept the proposal and purchase a new ship if the company’s plan is to scrap the ship in 15 years. The NPV of this option is negative, roughly -$43,705, which means that Ocean Carriers would lose money over the life of this project. However, further analysis has concluded that operating the ship for its entire useful life, 30 years, can produce a positive NPV, roughly $2,107,016. So Ocean Carriers’ should consider taking on this proposal only if they can continue operating the ship for 30 years. *Please see assumptions and capital budget details. Answers to Case Questions 1) Spot hire rates will likely decrease in the near term, 2001 and 2002. Imports for ore look to be flat and won’t likely increase for the next two years. With 63 new capsizes scheduled for completion in 2001 there will likely be an overage of supply in the near term. Daily rates are driven by supply and demand as well as the trade patterns. With additional cargo carriers entering the fleet and depressed demand...

Words: 619 - Pages: 3

Premium Essay

Ocean Carriers

...Taxation Net present value is used in order to determine the present value of an investment by the discounted sum of all cash flows received from a project. In this case this would be the calculation of the single project capital budgeting for Ocean Carriers Inc. and a purchase of 15 year operation vessel. This 15 year time span would begin in 2000 and continue until 2017. Ocean Carries Inc. in this scenario would be subject to the United States 35% taxation. In order to calculate the net present value the free cash flow had to be calculated. Using the formula; EBIAT + depreciation – capital expenditure - change in net revenue + after tax proceeds from the sale of a ship (Year 17: $645,899 + $1,630,000 - 0 - ($756,295) + $8,710,000 = $11,742,193.61) the free cash flow was calculated. Using that calculation the present value of the free cash flow was calculated using the formula; Free cash flow / (1 + 9%) ^ Event year. After summing the total of the present value free cash flow the conclusion was the net present value. After fully comprising the single project capital budget it can be concluded that the Net Present Value would equal -$7,805,694. The net present value rule states that an investment should be accepted if its net present value is greater than zero and should be rejected if it is less than zero. Following this rule Mary Linn should reject this project because it would not positively impact Ocean Carriers Inc. Net Present Value: 15-Year Evaluation of Hong...

Words: 1110 - Pages: 5

Premium Essay

Full Cost Accounting

...unnecessary, or in an engineering environmental management course, more emphasis could be placed on the managerial/cost accounting section than on the national accounting section. The module is subdivided as follows: 1) Introduction   What is accounting? Relevance of accounting and capital budgeting to environmental management and engineering issues    Types of accounting systems Shortcomings of accounting systems as environmental information systems Full cost accounting 2) Incorporating social and environmental costs into accounting systems:   National accounts Financial accounts 2  Cost accounting systems and capital budgeting 3) Valuing the environment 4) The ultimate goal – full cost pricing 5) Difficulties associated with full cost accounting 6) Additional teaching resources available   Case studies Readings Appendix 1: Example...

Words: 11071 - Pages: 45

Premium Essay

Ocean

...understanding of how discounted cash flow analysis can be used to make investment and corporate policy decisions. 1. Determine the value and net present value of a real assets; 2. Distinguishing between book value and market value; 3. Identifying and forecasting incremental expected cash flows, including initial and ongoing capital expenditures, investment in net working capital, and proceeds from asset sales; 4. Understanding the tax consequences of depreciation and asset sales; 5. Evaluating whether a policy of reselling or scrapping a vessel is most valuable. Guideline questions to cover in the case analysis: 1. What is the key issue addressed in this case? Or in other words, what is the major decision to be made by Ocean Carriers? 2. Do you expect daily spot hire rates to increase or decrease next year? 3. What factors drive average daily hire rates? 4. How would you characterize the long-term prospects of the capsize dry bulk industry? 5. Help Ms. Linn to make the purchase decision on the $39M capsize: should she buy it? Make two assumptions – first assume that Ocean Carriers is a U.S. firm subject to 35% taxation. Second, assume that Ocean Carriers is located in Hong Kong, where owners of Hong Kong ships are not required to pay any tax on profits made overseas and are also exempted from paying any tax on profit made on cargo uplifted from Hong Kong. 6. What do you think of the company’s policy of not operating ships over 15...

Words: 542 - Pages: 3

Premium Essay

Ocean Carriers

...current fleet meets the customer’s requirements. The firm must decide if future expected cash flows warrant the considerable investment in a new ship. 1. Do you expect daily spot hire rates to increase or decrease next year? Give the reasons for your choice. Which are the factors that drive average daily rates? What does this imply in terms of your cash flow projections? 2. How much is the cost of a new vessel in present value terms? What is the book value of the ship? 3. Should Ms Linn purchase the capesize carrier? Assume that it is going to be sold for scrap after 15 years. [Hint: Construct the Free Cash Flows of the project!] Explain the reason for constructing the free cash flow rather than some other type of cash flow? Assume that the relevant corporate tax rate is 35%. 4. Ms Linn is considering trying to argue that the firm should operate carriers for more than 15 years before selling them for scrap. What would be the optimal number of years to operate the capesize carrier before scrapping it? Assume...

Words: 718 - Pages: 3

Premium Essay

Ocean Carriers Case and Assumptions

...The Charles H. Kellstadt Graduate School of Business DePaul University FIN 555: Financial Management Thomas M Carroll Phone: 312.362.8826 Office: Loop Campus tcarroll@depaul.edu Case Study Questions Capital Budgeting In Practice Ocean Carriers These questions relate to the Ocean Carriers case in your course packet. You can find the data for this case on the course website in a spreadsheet named: Ocean Carriers Exhibits.xls. This case provides the opportunity to make a capital budgeting decision by using discounted cash flow analysis to make an investment and corporate policy decision. Ocean Carriers is a shipping company evaluating a proposed lease of a ship for a three-year period beginning in 2003. The proposed leasing contract offers very attractive terms, but no ship in Ocean Carrier’s current fleet meets the customer’s requirements. The firm must decide if future expected cash flows warrant the considerable investment in a new ship. 1. Do you expect daily spot hire rates to increase or decrease next year? Give the reasons for your choice. Which are the factors that drive average daily rates? What does this imply in terms of your cash flow projections? Daily hire rates are determined by supply and demand, as well as the size, age, and efficiency of the ships in service. Due to a high number of vessels expected to be delivered in 2001, as well as the fact that imports for iron and coal were expected...

Words: 883 - Pages: 4

Premium Essay

Six Sigma

...improvement that values defect prevention over defect detection. • • TÜV SÜD South Asia 4 9/14/2007 What is Six Sigma? • Philosophy: The philosophical perspective views all works as a processes that can be defined, measured, analyzed, improved & controlled (DMAIC). Processes require inputs & produce outputs. If you control the inputs, you will control the outputs. This is generally expressed as the y= f (x) concept. • Set of Tools: Six Sigma as a set of tools includes all the qualitative and quantitative techniques used by the six sigma expert to drive process improvement. A few such tools include statistical process control (SPC), Control charts, failure mode & effects analysis, process mapping etc. TÜV SÜD South Asia 5 9/14/2007 What is Six Sigma? • Methodology: This view of Six Sigma recognizes the underlying and rigorous approach known as DMAIC. DMAIC defines the steps a Six Sigma practitioner is expected to follow, starting with identifying the problem and ending with the implementation of long-lasting solutions. While DMAIC is not only Six Sigma Methodology in use, it is certainly the most widely adopted and recognized. • Metrics: In simple terms, Six Sigma quality performance means 3.4...

Words: 1074 - Pages: 5

Premium Essay

Master

...II) historical values; III) market values    A.  | I only | B.  | II only | C.  | III only | D.  | I and II only | |   2. | A new grocery store requires $50 million in initial investment. You estimate that the store will generate $5 million of after-tax cash flow each year for five years. At the end of five years, it can be sold for $60 million. What is the NPV of the project at a discount rate of 10%?    A.  | $2.42 million | B.  | $10.82 million | C.  | $6.21 million | D.  | $2.82 million | |   3. | A new grocery store requires $50 million in initial investment. You estimate that the store will generate $5 million of after-tax cash flow each year for five years. At the end of five years, it can be sold for $55 million. What is the NPV of the project at a discount rate of 10%?    A.  | $2.4 million | B.  | $5.0 million | C.  | $3.1 million | D.  | $0.0 million | |   4. | A rental property is providing an acceptable market rate of return of 13%. You expect next year's rent to be $1.0 million and that rent is expected to grow at 3% per year forever. What is the current value of the property?    A.  | $7.7 million | B.  | $10.0 million | C.  | $33.3 million | D.  | $50.0 million | |   5. | A building is appraised at $1 million. This estimate is based on forecasted net rent of $100,000 per year discounted at a 10% cost of capital [PV = 100,000/ 0.1 = 1,000,000]. The rent is the net of repair and maintenance costs and taxes. Suppose...

Words: 8296 - Pages: 34

Free Essay

Copper Recycling 1995

...scrap@ptmetals.com El Monte, CA (626)443-8921 Experienced metal sorters and 10 scales to properly and efficiently weigh metals. Our large purchase volume allows us to be one of the few direct mill and foundry suppliers in the Southern California area.  P&T Metals offers efficient professional industrial and commercial pickup service and provides all types of scrap metal storage containers, including roll off bins to our customers at no charge. With 45 years in the scrap recycling business. ALUMINUM Aluminum Clips & Solids Aluminum Turnings Extruded Aluminum | Painted Aluminum Cast Aluminum Aluminum Litho Plates | Aluminum Wheels Aluminum Radiators Aluminum Auto Part | INSULATED WIRE Power Cable House Wire Communication Wire | Romex Computer Wire C.A.T.V. Cable | Aluminum Wire Lead Wire | HIGH TEMP ALLOYS Alnico Hastalloy Haynes Inconel Invar Kovar | L-605 Mallory Maraging Molybdenum Monel Nickel   | Rene Stellite Titanium Tungsten Alloys Tungsten Carbide Waspalloy | COPPER Bare Wire Burnt Wire Tubing | Motor Windings Sheet & Plate Turnings/Chips | Radiators Castings/Forgings | BRASS Yellow Brass Plumbing Brass Red Brass | Foundry Brass Clips Brass Turnings | Brass Radiators All types of Bronze   ...

Words: 955 - Pages: 4

Premium Essay

Application Exercise

...P.G. Student, Electronics Engg. Department, Rajarambapu Institute of Technology Islampur (Sangli), Shivaji University, Kolhapur (India) Abstract: Poka-yoke is a concept in total quality management which is related to restricting errors at source itself. It deals with "fail-safing" or "mistake-proofing". A poka-yoke is any idea generation or mechanism development in a total productive management process that helps operator to avoid (yokeru) mistakes (poka). The concept was generated, and developed by Shigeo Shingo for the Toyota Production System. Keywords— Mistake-proofing, Total quality management, Total productive management. I INTRODUCTION In today’s competitive world any organisation has to manufacture high quality, defect free products at optimum cost. The new culture of total quality management, total productive management in the manufacturing as well as service sector gave birth to new ways to improve quality of products. By using various tools of TQM like KAIZEN, 6 sigma, JIT, JIDCO, POKA YOKE, FMS etc. organisation is intended to develop quality culture.[2,6] The paper is intended to focus basic concept of poka yoke, types of poka yoke system, ways to achieve simple poka yoke mechanism. It also covers practical study work done by various researchers . II What Is Poka Yoke? Poka-yoke is a Japanese improvement strategy for mistake-proofing to prevent defects (or nonconformities)...

Words: 3149 - Pages: 13

Premium Essay

Opma

...change Type 2: conclude no change, when change Attributes Vs. Variables Attributes – data which count (ex. # of complaints) Variables – data which measure (ex. cm, kg, ml, etc.) X Chart Control Limits [pic] Range [pic] Establishing Control Limits or Re-calculating the control limits Process Capability Index Just Capable Industry Standard (min) Excellent Process Capability Where Z (min) is the smaller of: Or: When Cpk=Cp, the process is centered. P Charts (Attributes) Maximum p: UCL*n Minimum p: LCL*n C Charts U Charts Maximum u: UCL*n Minimum u: LCL*n Chapter 1 Quality Perspectives Garvin’s Product Quality Dimensions 1. Conformance 2. Reliability 3. Features 4. Performance 5. Durability 6. Serviceability 7. Aesthetics 8. Perceived Quality PZ&B’s Service Quality Dimensions Tangibles(Physical appearance of facility Service Reliability(Dependable and accurate Responsiveness(Helpful and prompt Assurance(Knowledge and courtesy Empathy(Caring attention Viewpoint depends on function Core Processes • Value Stream Mapping| FlowChart • Six Sigma| value added • DMAIC – Define, Measure, Analyze, Improve, Control Downstream • Shipping and Logistics “Right product, right place, right time, right quantity” • Reliability of delivery • Customer support including after sales service In concurrent engineering, work is done as a multi-functional team. Three...

Words: 1318 - Pages: 6

Premium Essay

Waste Reduction and Recycling

...Carly Kupka RA #1 OLIS 611 Waste Reduction and Recycling Up until now, our primary strategies to reduce waste has been recycling, reducing, and reusing. While these are all important tools in waste reduction, a new way of thinking about waste needs to occur; a fourth R: “Rethinking” means that waste doesn’t have to be a part of the consumption cycle at all (Roseland). While we have a very long way to go in achieving this zero-waste idea, we can still start by rethinking all aspects of a production process; starting with the initial design process down to reusing or recycling all by-products. The City of Eugene is doing its part in Recycling, Reducing and Reusing, as well as Rethinking about waste by partnering with local non-profits and schools to educate the community in resource conservation as well as providing recycling services and composting programs. The budget for Solid Waste and Recycling in Eugene accounts for 0.3% of the total budget, or $1,476 for the year. There are four major sectors and program coordinators working for the City’s waste management and recycling department: • Stephanie Scafa- Zero Waste Analyst for the Waste Prevention and Green Building Program • Anne Donahue- Compost and Urban Agriculture • Nancy Young- Solid Waste Analyst for the Waste Prevention Program • Ethan Nelson- Recycling contact for Waste Prevention and Green Building Program Roseland suggests many tools and initiatives in waste management that local government can use to...

Words: 1126 - Pages: 5

Premium Essay

Sale Contract

...AS  “SELLER” COMPANY: DNTN DONG TAM ADDRESS:2/5 NGUYEN VAN QUY STR, PHU THUAN WARD, DIST 7, HO CHI MINH CITY, VIET NAM COUNTRY:  VIET NAM Represented by: MR. NGUYEN XUAN TUNG, DIRECTOR. HEREINAFTER REFERRED TO AS  “BUYER” It is hereby agreed between the Buyer and the Seller, whereby the Buyer agrees to buy and the Seller agrees to sell the following materials within the following mentioned terms and conditions: 1.COMMODITY: USED RAIL R50. In lengths 3 meters. 2.QUALITY AND SPECIFICATIONS of Used rail:  2.1 Used Clean rail without slag, dross, trash, wood, plastic, oily parts, grease, alloy, prohibited goods, whole sets of machine and usable parts for machines, cast iron, motor turning blocks, engine blocks, war and explosive or armour plated materials, mud or wastes and maximum harmless impurities is less than 0.1%.   2.2  rail is without harmful impurities and totally free of any type of explosives, including, but not limited to bombs, arms, ammunitions, torpedoes, mines, shells, cartridges, sealed containers or tanks or envelops, gas cylinders, explosive materials, etc.  2.3 rail is also totally free of radioactive contamination and poisonous materials exceeding the level accepted and allowed by international acceptable norms. iron and steel scrap cargoes are totally explosive free, ecologically pure, not exceeding the level of radiation allowed by the existing norms to process the scrap for re-melting. 3. PRODUCT, STANDARD AND Chemical...

Words: 1490 - Pages: 6

Premium Essay

Vulcan Case Study

...Assumptions Used Cash Flow Vulcan And Semi Automatic Finance Essay Delloyd Engineering Sdn Bhd (“Delloyd”) specializes in the production of precision metal castings that are components used in the automotive industry. The company is considering automating part of the production process by considering the purchase of the Vulcan Mold Maker, an automated molding machine. The company has proposed to allocate RM 1 Million towards investing into the new molding-machine proposal, and will make a decision on whether to retain the current Semi Automatic Machines or proceed with the investment into the Vulcan Mold Maker. The decision will be based on the net incremental cash flow projected through cash flow forecasts, along with relevant qualitative characteristics and a cost-benefit analysis. 2.0 Assumptions used in preparation of the cash flow for Vulcan Mold Maker and the Semi Automatic Machines Two cash flows have been prepared to project the estimated cash inflow and outflow associated with using the Semi Automatic Machines and the Vulcan Mold Maker for eight years. An eight-year period was chosen for both cash flows as the Vulcan Mold Maker will be fully utilized and depreciated in 8 years time. This is to ensure comparability of the net cash flow for both options available. There are a number of assumptions made and these assumptions serve as the basis for the preparation of the cash flow statement. Firstly, total sales volume need to be determined in order to calculate the...

Words: 3430 - Pages: 14

Free Essay

Hll Case

...Environmental Pollution at Hindustan Lever’s Kodaikanal Plant In mid-2004, Hindustan Lever Ltd (HLL) executives looked back at the events of the past three years at their mercury thermometer factory in Kodaikanal in the south Indian state of Tamil Nadu. After mercury leakage from the plant had been reported in March 2001, heavy expenditure had been incurred in environmental risk assessment, waste disposal and health monitoring. The expenditure had exceeded the total profits generated by the plant since its inception. But the pressure from NGOs, led by Greenpeace , who had been protesting since March 2001 had not subsided. The NGOs had indulged in novel ways of keeping the issue alive. These included chaining themselves to the HLL branch office in Chennai on 15th November 2002, disrupting the Annual General Meetings (AGMs) of HLL held on 13th June 2003 and 29th June 2004, shouting slogans and brandishing placards and enlisting sympathy from ex-workers and the general public. Greenpeace also maintained the pressure on HLL through its website, photoalbums, posters, persistent media briefing and seminars. The NGOs had most recently attacked HLL in April 2004 in a seminar in Chennai. Even as they waited anxiously for the regulator, Tamil Nadu Pollution Control Board’s (TNPCB) nod to start decontamination of equipment and remediation of soil, HLL’s senior managers believed they had discharged their duties conscientiously. They wondered what more was needed to be done...

Words: 5949 - Pages: 24