...of good and bad moments. Each day in itself brings various moments in life. Every day we go through mixed feelings. Sometimes, only we have experienced a pure jovial moment or a pure sad moment. Everyone also has the special moment in life. It is just a day when someones dreams are fulfilled. With the time the memories just get blurred, but stays with us in our mind. Whenever, we remember such moments we get excited and thrilled. I remembered the day and date it was 22nd Oct 2008.It was Monday morning. I was at my home, having a morning tea. I was much tensed that morning; it was the day of my final BDS result. As the results of all other three classes have been arrived. So, I was eagerly waiting for my results. At last, the day of my results arrived. As all my exams had gone pretty well, I have also scored good marks in case studies. However, I was still nervous regarding my results. As I was dreaming about my results while taking a sip of tea; suddenly the phone rang and I was so excited as my mom told me it was my friends phone. I ran towards phone likewise, I was running in the marathon. I grabbed the phone from mom and started missile of questions on my friend. From the other end my friend shouted at me and suggested me to keep calm and allow her to speak. She said that I was passed with first class. Listening this I shouted, Oh Really!!! My mother came running towards me, she was so happy. She started crying and gave me a tight hug. She said, I am so happy my child, you...
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...They make me laugh when I remember the time I cried together! But make me cry when I remember the time I laughed together. They too can make me mad but, for sure, no matter what emotion they carry, they all share a place deep in my heart.” Every moment, when I recall them in my mind, they appear to be fresh. I cannot make myself believe that I already passed those times and will never be in the same time again. A chill runs down my spine awaking all my senses till date when I remember them. I especially remember the time when I was able to make my whole family proud of me. That was the time when I saw my own future as I had wished that to be. Every time I think of it, it takes me on a voyage of happy moments. In my whole life; it is uncountable how many happy moments that I’ve gone through since I was small. Happy moments are something that made us very happy and it is unforgettable. It will never be erased out of our mind and we will always remind of it for the rest of our life. It might happen daily, weekly, monthly and even annually but it really happened. It makes us smile to the ears and sometimes it tears us down. I just can’t imagine how it feels if we don’t experienced all those happy moments. I was staring at the stars shining in the sky. The city was dark due to the scheduled power outage. People in city were in their mid-sleep but I was standing at the balcony, checking my emails. I was checking my email account after five long months...
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...guilty, yet helpless man. Doesn’t this sound familiar? Don’t our lives seem, sometimes, the result of a game of dice being played by someone/something bigger than ourselves, even bigger than life itself? Just the fact that we are who we are is nothing but a result of chance. This statement, beyond its recklessness appearance, has an explanation consisting of three moments of existences that are determined by the roulette. The first one goes back to before we’re born. Have you ever thought of how many billions of chances were there when your parents’ genetic material mixed to create you? I, for instance, could’ve been blond, tall and smart. Or short and dumb. Or anything. But, somehow, I turned out to be me, out of what appear to be infinite chances of who I could’ve been. And this process follows no logic or intervention from our part: is the work of randomness. The second moment, chronologically, involves our environment. Where we’re born, who our parents are, and the rest of conditions that welcome us to this world are the sort of aspects I include in this side of this pyramidal die. The third and final moment is composed of the things that are choices in our lives. This is also a consequence of luck because the construction of ourselves is the outcome of the decisions we make, which have a luck component. That...
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...utilize our resources requires confidence in ourselves and it can be the difference between a happy life and an irritated life. Being a shy person does not always attract a lot of attention and being left alone is not something most teenagers look forward to. I was not very confident in my school years and it didn’t help with my public self-presentation fright. My confidence never went up to achieve a popular social life. I decided to learn how to be confident after I became aware of the absence of social circle I saw around other kids my age. My mother enrolled me for a speech competition against my will. I was terrified with the idea of speaking in front of hundreds of other people. My father helped me write my speech. Ironically I was going to talk about confidence building. When the date of speech came nearer I panicked and kept forgetting my lines. My teacher guided me to practice before a mirror, it helped but not enough to calm my nerves. After days of practicing before my parents and the mirror I was still not ready. My thoughts were focused upon how my voice would tremble and I would lose feeling in my legs. It was not till I was on stage and I started speaking that I paid attention to what I was saying. I had given the preparation my best effort and if my voice is going to tremble it did not matter anymore. With this thought in my I found my voice strengthen. This was a moment of revelation for me, I was realizing for the first time that I can do this. When I stopped...
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...Should We Restrict Marketing to Children? Kelli Zimmerman-Klemp November 25, 2013 Ethics and Decisions Should We Restrict Marketing to Children? This issue of whether or not advertising aimed at children should be restricted is a strange one to me. When presented with the issue, my first thought was, “Assuming, of course, that the advertising is truthful (which, if it’s not, is a problem unrelated to whom its target audience is), why would we need to restrict advertising to children?” Thinking about it a bit, I was unable to think of a reason why it would be wrong to market to kids. Picking up Taking Sides Clashing Views in Business Ethics and Society (Newton, Englehardt, & Pritchard), I was eager to learn why such advertising might be harmful, and thus, unethical, for children. In reading the introduction to the debate, I was reminded that “children do not have the fully developed cognitive skills necessary for making…an informed decision” (Newton et al., p. 256). I had a feeling this last sentence would play a role in the argument against marketing to children. Stop the Presses I began with Stephanie Clifford’s 2010 article from The New York Times, “A Fine Line When Ads and Children Mix” (Newton et al., p.258). Clifford specifically addresses advertising in magazines aimed at children. The Children’s Advertising Review Unit, an arm of the Council of Better Business Bureaus set up by the National Advertising Review Counsel (asrcreviews.org), has been set up...
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...A Happy Meal for the Mind When I was a little girl I always thought it was a treat to visit McDonalds. This magical place had a giant play-place, ice cream, French fries and of course that special surprise toy contained inside the happy meal. What else could I have wanted? This world lost all of its glamour however, when I became a teen who experienced the inner workings of this land from the side of employment. I will never forget the place that was to be my first experience of the working world. My Fifteenth birthday had just passed and this meant I was finally old enough to enter the work force. So I went to the only place in the area that would hire a kid without experience or a driver’s license, McDonalds. Now, I wasn't entirely thrilled about the idea of working in this environment but if I wanted to get a car in the next year it was off to work for me. Somewhat sullenly, I donned my uniformed baseball cap and made my way behind the service counter. Feeling a little nervous, I fumbled as I attempted to tie my apron behind my back. I began to wonder what I might be assigned to do first. "Well, as long as I can work behind the scenes and avoid talking to people I should be okay." I thought. Standing motionless, I observed the fast-food frenzied scene. Employees were running here and there yelling to one another, order screens were flashing, various machines were buzzing...
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...Week 1 homework chapter 1 1. we have: Cf= 55000, cv= 8, p= 21; v= 10 000 a. Total cost TC = cf + v*cv TC= 55000+ 10000*8 TC= $135000 Total revenue TR= v*p TR= 10000*21 TR=$ 21000 Profit Profit= TR-TC Profit= TR-TC P= 21000-135000 P= $ -114 000 b.Break even volume, V= cf/ (p- cv) V= 55000/ (21- 8) V= 4230.77 recap tires, 2. monthly break even volume V= cf/ (p- cv) We have Cf= 30000, cv= 0.16, p= 0.40 V= 30000/ (0.4- 0.16) V= 125000 units 3. If the new price is p= 0.60, Then the break even volume will decrease. We don’t need to sell as much units as before to break even. Proof: V= 30000/ (0.6- 0.16) V= 68181.81 units 4. If we increase advertising, that means CF increases, then the Break even volume will increase, because the cost of the production increased. Proof; V= 30000+ 14000/ (0.6- 0.16) V= 100000 units 5.we have Cf= 5600, cv= 0.35, p= ?; v= 2000 (note: Cf= 2500+3100; Cf= $5600) a.What price should be charged to break even? Break even means Profit = 0, then TR=TC Meaning V*P= cf+ V*cv, then P= (cf+ V*cv)/ V P= (5600+ 2000*0.35)/ 2000 P= $3.15 b. If during the season, there are less guest than expected, to break even, she needs to increase the prices. 6. we have Cf= 360000, cv= 12000, p= 17000; a. determine V , V= cf/ (p-...
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...content and the hum of the threshing machine sounding from the farm. "What did I come in here for? What did I want to find?" My hands were empty. "Perhaps its upstairs then?" The apples were in the loft. And so down again, the garden still as ever, only the book had slipped into the grass. But they had found it in the drawing room. Not that one could ever see them. The windowpanes reflected apples, reflected roses; all the leaves were green in the glass. If they moved in the drawing room, the apple only turned its yellow side. Yet, the moment after, if the door was opened, spread about the floor, hung upon the walls, pendant from the ceiling--what? My hands were empty. The shadow of a thrush crossed the carpet; from the deepest wells of silence the wood pigeon drew its bubble of sound. "Safe, safe, safe" the pulse of the house beat softly. "The treasure buried; the room . . ." the pulse stopped short. Oh, was that the buried treasure? A moment later the light had faded. Out in the garden then? But the trees spun darkness for a wandering beam of sun. So fine, so rare, coolly sunk beneath the...
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...CAPM essay In the second scenario BBBY would use its $400 million in excess cash and borrow the remaining funds until Question 2 a) We will need to calculate the debt-to GDP ratio for each year separately in order to compute the total accumulation. The following equations and variables are used in question a) ∆b=g-t+r-y* b g-t=2 i=3 π=1 r=i-π=3-1=2 y=1 b=0,9 (=90%) Year 1 ∆b=2+2-1* 0,9=2,9 byear 1=90+2,9=92,9 Year 2 ∆b=2+2-1* 0,929=2,929 byear 2=92,9+2,929=95,829 Year 3 ∆b=2+2-1* 0,95829=2,95829 byear 3=95,829+2,95829=98,78729 Year 4 ∆b=2+2-1* 0,9878729=2,9878729 byear 4=98,78729+2,9878729=101,7751629 Year 5 ∆b=2+2-1* 1,017751629=3,017751629 byear 5=101,7751629+3,017751629=104,792914529 Therefore, after 5 years the debt-to-GDP ratio will be equal to 104,8 % (rounded to one decimal) b) The debt is not sustainable. The criteria to test whether debt is sustainable is as follows: ∆b=g-t+r-y* b=0 Plotting in the known variables results in the following: ∆b=2+2-1* b=2+b= 0 Solving for b gives the following: b= -2 Therefore, the initial debt should be -200% (so surplus) in order to maintain a sustainable debt. c) If the nominal interest rate rises to 10%, it would imply that the real interest rate is as follows: r=i-π=10-π Therefore, we know that: ∆b=g-t+r-y* b=2+10-π-1*0,9=2+9-π*0,9 The criteria to maintain a sustainable debt is as follows: ∆b=0 This implies that ∆b= 2+9-π*0,9=0 Solving for inflation results in the...
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...Tutorial 6 Questions Question One What is a probability and how can we relate it to share returns? Question Two Define the terms expected value and standard deviation. In providing your answer, show how these terms relate to share prices. Question Three What do we mean when we say an investor is risk averse? Question Four You are given the following information about the possible returns from an investment: |Return (%) |Probability | |12% |0.15 | |10% |0.65 | |5% |0.20 | Given this information, calculate: 1. The expected return on the investment; 2. The variance of the return on the investment; 3. The standard deviation of the return on the investment; and, 4. The probability that the return on the investment is equal to or less than 8%. Question Five You are a market analyst and have identified 4 different market conditions together with the probability that these market conditions will occur. The information contained in the table below relates to the return on 3 shares under each market condition: |Market Condition |Probability...
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...Formulas to Know for the Exam Although we do not suggest you memorize a lot of information to prepare for the exam, the following formulas are some of the items you do need to memorize, as well as understand. There will not be a lot of questions requiring you to use these formulas, but it will be helpful to be able to apply these at a moment’s notice. If you are not comfortable with math, you should be happy to hear that you can know none of these formulas and still pass the exam! The most important formulas are those relating to earned value, as earned value is a key component of monitoring and controlling. Formulas to Know for the Exam Title PMP® Exam Prep Chapter Reference Formula Present Value (PV) PV = FV (1 + r)n Integration Management Expected Activity Duration (Triangular Distribution)* P+M+O 3 Time Management Expected Activity Duration (Beta Distribution)* P + 4M + O 6 Time Management P−O 6 Time Management Beta EAD +/− SD Time Management LS − ES, or LF − EF Time Management Cost Variance (CV) EV − AC Cost Management Schedule Variance (SV) EV − PV Cost Management Cost Performance Index (CPI), or Cumulative CPI (CPIC) EV EVC or AC ACC Cost Management Schedule Performance Index (SPI) EV PV Cost Management Estimate at Completion (EAC) AC + Bottom-up ETC Cost Management Estimate at Completion (EAC) BAC CPIC Cost Management Estimate at Completion...
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...if the prices differences are approximately small. Although the launching of the new products of the company is not doing well, McDonald’s still wants to maintain selling the healthy products such as fruits, salads, and vegetables as well as fruit juice especially for kids. Because McDonald’s knows that child is one the major consumers in their business strategy, and therefore, they come out with healthy food which can attract their parents’ minds, as the children would consume whatever if their parents would allow them to. If parents found that there are fruits and vegetables in the Happy Meal box, without any consideration, they would go for it. Besides McDonald’s supports sport, the company is sponsoring a lot of sport event such as football and tennis. As nowadays, children are influenced by athletes like David Beckham and Michael Jordon. Therefore, McDonald’s now is implementing the Happy Meals with some sport related gadgets, which is aim to attract children’ attention on their role model of players in gadgets. McDonald’s has made a big efforts with their best possibility means to offer the consumers an assorted range of products against the issues of obesity arise in the world. Therefore, it is unfair for Royal Family to blame on McDonald’s of promoting an obese lifestyle as McDonald’s has tried their best to find solution to reduce the...
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...I sat in a passenger seat of an old rental van with five of my closest friends, who just happen to be my band mates, staring off into the distance watching the lights fly by the window one by one. The view of the surrounding landscape turned suddenly into a completely unfamiliar area as if teleported to a new world. The unknown street names and buildings took over the area around us. Everything hit me all at once so unexpectedly, like the sound of a first lighting strike in the beginning of a storm. At that moment, nothing else mattered. This is finally happening. Andrew asked, “Do you think we will find a place to sleep every night?” Andrew was always the worried one of the bunch, but he played bass on stage he moved around like a madman. “3 weeks are a long time so probably not,” my vocalist Brandon chuckled out, “but I mean a majority of even the popular bands that go on a tour can not find a place to sleep every night so we can always just crash out in a Wal-Mart parking lot.” From my viewpoint, I could see my band member’s faces in the reflection of the rear view mirror as they all spoke about what they wanted to do at the upcoming shows; their eyes getting bigger than the cities we headed to in excitement. I still just sat there; having this profound realization in my mind while a smile slowly sprouted across my face. Over the course of 4 years, I spent more time alone in my room, sitting in an old desk chair wrapped up in duct tape to keep it from falling apart...
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...Lecture 3 Supplement Annoying Proof of a Useful Result Proof1 that E(ea+bx̃) = ea+b+½Var(x̃) I. The Normal Distribution The probability density function of a normal distribution is 1 2 v 1 y e 2 v 2 which has the property, for any y and v, that 1 2 v 1 y e 2 v 2 dy 1 II. Fun with Completing the Square! Now suppose a b~ is distributed N a b , b 2 2 . x Let’s find the because a bx a b bx expected value of e E e a bx a b~ x . a b~ a b 2 x 1 2 b ~ 1 2 b e a b~ x e dx 2 1 a b e 2 b e a b ~ e bx e bx 1 2 b dx 2 1 2 b 1 bx b ~ 2 x e 2b e b 2b 2 2 2 2 dx 1 e a b 2 b 1 b 2 x 2 2b x b 2 2 2 2 e 2b dx Larger view Ee a b~ x 1 e a b 2 b 1 b 2 x 2 2b x b 2 2 2b 2 2 e dx 1 Why? We use this result a lot in finance. Let’s show that it is true. 1 MSF 501 – Math with Financial Applications Lecture 3 Supplement Annoying Proof of a Useful Result We know that p q 2 p 2 2 pq q 2 . We can see that the expression in the { } could be expressed as...
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...A Good Man is Hard to Find. The grandmother focuses of showing that she cares nothing about the family by concerning herself with her hat. She builds a setting in her head that if she dies she will look like a lady without any concern for her family's well being. This idea that her hat, which makes her look like a lady in her mind, is more important than her family shows selfishness. Her mistaken ethics are aware from the beginning as the hat is the symbol for this negligence to her family. When they did indeed have a car wreck the grandmother was curled up under the dashboard with her hat still attached to her head. The hat represents that goal of still being a lady no matter the cost. While her grand children are in shock and shaking she is complaining that she thinks she has a hurt organ. The symbol of the brim of her hat smashed as she says “But nobody’s killed” in a frustrated tone shows her reluctance to give up that she was wrong. She will not give up this attempt at being a lady no matter what happens to her or grand children. As she confronts the Misfit her self assurance and idea that she is a lady slowly disintegrates away as she becomes more humble that she will most likely die. The symbolism of these disintegration is when her brim actually falls off of her hat and it realization that she is not a lady by any means. The symbolism of the hat to her concept of doing anything by any means necessary to be a considered a lady by everyone including herself is quite...
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