Ginnys Restaurant free essay sample

|Financial Management | |Ginny’s Restaurant | |Case study answers | | | | | | | | | | | Question 1 a. Virginia’s current wealth = Virginia’s cash flow today + Present value of Virginia’s cash flow in 1 year Virginia’s current wealth = $2million + $2. 83 million = $4. 83 million b. Assuming, Virginia has no other source of incoming cash flow; her current liquidity is $2 million. She can spend and consume $2 million today. c. Money Virginia can spend and consume one year from now if she consumes nothing today = Future value of $2 million in one year + Cash flow received in one year’s time Therefore, Money Virginia can spend and consume in one year from now: = $2. 8 million + $3 million = $5. 12 million Question 2 a. Assuming, whatever money is not invested in Ginny’s restaurant is invested in the bank. |Investment |Investment (Bank) |Future cash flow from |Future value of |Total Future value of the| |(Restaurant) | |investment (after 1 year) |investment in Bank |entir e investment | |$1,000,000. 00 |$3,000,000. 00 | $1,800,000. 00 | $3,180,000. 00 | $4,980,000. 00 | |$2,000,000. 00 |$2,000,000. 00 | $3,300,000. 0 | $2,120,000. 00 | $5,420,000. 00 | |$3,000,000. 00 |$1,000,000. 00 | $4,400,000. 00 | $1,060,000. 00 | $5,460,000. 00 | |$4,000,000. 00 | $0 | $5,400,000. 00 | $0 | $5,400,000. 00 | b. Virginia’s Ginny’s current wealth is million. After the investment of $3 million in the restaurant, Virginia’s wealth increases by $1,150,943. 40. This means her wealth is $4,150,943. 40 in present value terms and $5,460,000 in future value terms. Question 3 Assuming, that if Virginia goes ahead with her investment in Ginny’s restaurant and also wishes to consume $3. 8 million the only source of extra cash is the bank. The bank is willing to loan money at an interest rate of 6% per year. |Money Virginia consume now | $ 3,800,000. 00 | |Cash flow today | $ 4,000,000. 00 | |Money remaining after consumption | $ 200,000. 00 | Investment (Restaurant) |Extra money required after|Payment to the bank in 1 year|Future cash flow from |Net wealth after bank | | |consumption (Bank loan) | |investment (after 1 year) |loan payments (after 1 | | | |(6% interest) | |year) | | $1,000,000. 00 | $800,000. 00 | $848,000. 00 | $1,800,000. 00 | $952,000. 00 | | $2,000,000. 00 | $1,800,000. 0 |$1,908,000. 00 | $3,300,000. 00 | $1,392,000. 00 | | $3,000,000. 00 | $2,800,000. 00 | $2,968,000. 00 | $4,400,000. 00 | $1,432,000. 00 | | $4,000,000. 00 | $3,800,000. 00 | $4,028,000. 00 | $5,400,000. 00 | $1,372,000. 00 | Based on the above calculations, if Virginia goes ahead with any of the investment choices she will have a positive net wealth in 1 year time. Hence, she can consume $3. 8 million now. Question 4 Assuming, the bank loan is compounded annually and payment is made at the end of the year. |Bank loan |Payment to bank in 1 year (6% |Future cash flow from |Net wealth after bank loan | | |interest) |investment |payments) | |$1,000,000 |$1,060,000. 00 |$1,800,000 |$740,000. 00 | |$2,000,000 |$2,120,000. 00 |$3,300,000 |$1,180,000. 0 | |$3,000,000 |$3,180,000. 00 |$4,400,000 |$1,220,000. 00 | |$4,000,000 |$4,240,000. 00 |$5,400,000 |$1,160,000. 00 | Virginia should make an investment of $3 million in Ginny’s restaurant. This investment will generated the largest value of net wealth in 1 yea r time. Question 5 Assumption: An investment on a portion or whole of $4 million has to be made. Spenders have a higher preference for current consumption. They would want more money in present value terms to be able to spend. Savers have a higher preference to save for the future. They would want more money in future value terms. Based on the above, the investment of $3 million in the restaurant has the highest payoff in present value terms and future value terms. There is a higher probability of spenders and savers agreeing to an investment of $3 million. If there is a investment made for $3million out of four in Ginis restraunt, one million will be left for distribution as dividents to the shareholders. The net presnet value of the three million invested is nearly $1. 4 million. Therefore in terms of savers this will be a good deal because they would be able to save nealy as much as consumers will consume in todays dollars. This will be a perfect tradeoff between the two parties. An investment of $3 million in the restaurant leaves $1 million for distribution as dividends to shareholders. This works for spenders as they get a part of $1 million to spend/consume today. The Net Present Value (NPV) of the investment of $3 million in the restaurant is $1. 4 million. This is the best possible investment option out of the four options provided. This works for Savers as they have more money saved.

Springboard Level 5 Unit 2 Embedded Assessment 1 Essay Example

Springboard Level 5 Unit 2 Embedded Assessment 1 Essay In Bend it Like Beckham, the main character, Jess is faced with many cultures. These cultures pull her mind in two opposite directions. One by pleasing her mom and becoming a Punjabi women and the other being a good soccer player. The movie follows her internal and external conflicts, where she struggles to make a decision regarding her life. Jess struggles between these two conflicts and is very emotional through the whole movie. Additionally, one of the main conflicts that Jess faces is her goals and aspirations versus her family’s expectations. Jess love of her life is soccer, she does anything to play, and once she is given the chance to play competitively she comes to see her true skills. Jess realizes that she has the talent to be a professional football player, and wants to do everything she can to secure this chance. The other side of this conflict is that of her family’s expectations. Due to their cultural background, they oppose Jess’ desire to play football. In Punjabi culture, women are confined to their home the majority of their time. They learn to cook and manage the household. We will write a custom essay sample on Springboard Level 5 Unit 2 Embedded Assessment 1 specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Springboard Level 5 Unit 2 Embedded Assessment 1 specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Springboard Level 5 Unit 2 Embedded Assessment 1 specifically for you FOR ONLY $16.38 $13.9/page Hire Writer Once a woman comes of age, her only duty is to find a suitable husband. Her parents share all these ideals and enforce strict control over their daughter so that she does not play soccer. While the parents reasoning may seem strange to outsiders, these gender roles are clearly identified in Punjabi culture. Jess feels torn because she doesn’t like lying to her family and rebelling against their decisions, but she also doesn’t want to miss out on the chance of a lifetime with her exquisite soccer skill set. Last of all, Jess is able to resolve the conflict with her family after attempting many different resolutions. After presenting logical arguments to her parents, they still don’t budge. Her gay friend is willing to pretend to marry her so that she can go to a university in the United States to play football. Jess, disapproves of lying to her parents again, and lets the truth spill to her mother. She explains her talent, that she was being scouted, and that she truly desires to play football. Her mother still disapproves and only reluctantly agrees after a persuasive argument from her husband. They come to see that having their daughter happy is more important to them rather than forcing her to live in a culture she is not happy in. The conflict is finally resolved when she receives her parent’s blessings to go to America and pursue her dreams. All in all, Bend It like Beckham is a perfect example of a child’s expectations versus family and cultural expectations. Jess plays the role of the rebellious girl pursuing her goals, and her family plays the role of strict and old culturally sound ways. Their conflict is resolved and both sides learn from the struggle and accept each other’s thoughts and ideas.

German Writers Every German Learner Should Know

German Writers Every German Learner Should Know What is it that your German teacher always says? If you can’t speak, then read, read and read! Reading will help you tremendously in improving your language skills. And once you are able to read some of the great writers of German literature, you will understand German thought and culture more in depth. In my opinion, reading a translated work never equals the original in the language it was written in. Here are a few German writers that have been translated in numerous languages and that have influenced people all over the world. Johann Christoph Friedrich von Schiller (1759-1805) Schiller was one of the most influential German poets of the Sturm und Drang era. He ranks high up in German people’s eyes, alongside with Goethe. There’s even a monument depicting them side by side in Weimar. Schiller was successful in his writing from his very first publication on - Die Ruber (The Robbers) was a play written while he was at a military academy and quickly became renowed thoughout Europe. Initially Schiller had first studied to become a pastor, then became a regimental doctor for a short period, before finally devoting himself to writing and teaching as a professor of history and philosophy at the University of Jena. Later moving to Weimar, he founded with Goethe Das Weimar Theater, a leading theatre company at the time. Schiller became part of a German Enlightment period, die Weimarer Klassik (the Weimar Classism), later on in his life, of which also famous writers such as Goethe, Herder and Wielandt were a part. They wrote and philosiphized about aesthetics and ethics, Schiller having penned an influential work entitled ÃÅ"ber die sthetische Erziehung des Menschen On the Aesthetic Education of Man. Beethoven famously set Schillers poem Ode to Joy in his ninth symphony.   Gnther Grass (1927) Gunter Grass is one of Germany’s most notable writers currently living, whose work has garnered him a Nobel Prize of Literature. His most renowned work is his Danzig Trilogy Die Blechtrommel (The Tindrum), Katz und Maus (Cat and Mouse), Hundejahre (Dog Years), as well as his most recent one Im Krebsgang (Crabwalk). Born in the Free City of Danzig Grass has worn many hats: he’s been also a sculptor, graphic artist and illustrator. Further, throughout his life, Grass has always been outspoken about European political affairs, receiving the2012 European of the Year award from the European Movement Denmark . In 2006 Grass has received much attention from the media involving his participation in the Waffen SS as a teenager. He has also recently voiced his disapproval of facebook and other social media, stating that â€Å"anybody who has 500 friends, has no friends.† Wilhelm Busch (1832-1908) Wilhelm Busch is known as a pioneer of the comic strip, due to his caricature drawings that accompanied his verse. Among his most popular works are Max and Moritz, a children’s classic that recount the mischievous pranks of the aforesaid boys, a ballad that is often read and dramatized in German schools.Most of Busch’s works are a satirical spin on practically everything in society! His works were often a parody of double standards. He poked fun at the ignorance of the poor, the snobbery of the rich, and in particular, the pomposity of clergymen. Busch was anti-Catholic and some of his works greatly reflected this . Scenes such as in Die fromme Helene, where it is hinted that the married Helene had an affair with a clergy man or the scene in Der Heilige Antonius von Padua where the catholic Saint Antonius is being seduced by the devil clad in ballet attire made these works by Busch both popular and offensive. Due to such and similar scenes, the book Der Heilige Antonius von Padua was banned from Austria until 1902. Heinrich Heine (1797-1856) Heinrich Heine was one of the most influential German poets in the 19th century that German authorities tried to suppress because of his radical political views. He is also known for his lyrical prose which was set to music of classical greats such as Schumann, Schubert and Mendelssohn in the form of Lieder form. Heinrich Heine, a jew by birth, was born in Dà ¼sseldorf, Germany and was known as Harry until he converted to Christianity when he was in his twenties. In his work, Heine often ridiculed sappy romanticism and over exuberant portrayals of nature. Though Heine loved his German roots, he often critiqued Germanys contrasting sense of nationalism.

Robert Browning and Elizabeth Barrett Browning

Robert Browning and Elizabeth Barrett Browning After reading her poems for the first time, Robert wrote to her: I love your verses with all my heart, dear Miss Barrett- I do, as I say, love these verses with all my heart. With that first meeting of hearts and minds, a love affair would blossom between the two. Elizabeth told Mrs. Martin that she was getting deeper and deeper into correspondence with Robert Browning, poet, and mystic; and we are growing to be the truest of friends. During the 20 months of their courtship, the couple exchanged nearly 600 letters. But what is love without obstacles and hardships? As Frederic Kenyon writes, Mr. Browning knew that he was asking to be allowed to take charge of an invalids life- believed indeed that she was even worse than was really the case, and that she was hopelessly incapacitated from ever standing on her feet- -but was sure enough of his love to regard that as no obstacle. The Bonds of Marriage Their subsequent marriage was a secret matter, taking place on September 12, 1846, at Marylebone Church. Most of her family members eventually accepted the match, but her father disowned her, would not open her letters, and refused to see her. Elizabeth stood by her husband, and she credited him with  saving her life. She wrote to Mrs. Martin: I admire such qualities as he has- fortitude, integrity. I loved him for his courage in adverse circumstances which were yet felt by him more literally than I could feel them. Always he has had the greatest power over my heart because I am of those weak women who reverence strong men. Out of their courtship and those early days of marriage came an outpouring of poetic expression. Elizabeth finally gave her little packet of sonnets to her husband, who could not keep them to himself. I dared not, he said, reserve to myself the finest sonnets written in any language since Shakespeares. The collection finally appeared in 1850 as Sonnets from the Portuguese. Kenyon writes, With the single exception of Rossetti, no modern English poet has written of love with such genius, such beauty, and such sincerity, as the two who gave the most beautiful example of it in their own lives. The Brownings lived in Italy for the next 15 years of their lives, until Elizabeth died in Roberts arms on June 29, 1861. It was while they were living there in Italy that they both wrote some of their most memorable poems. Love Letters The romance between Robert Browning and Elizabeth Barrett is legendary. Heres the first letter that Robert Browning sent to Elizabeth, who would eventually become his wife.   January 10th, 1845New Cross, Hatcham, SurreyI love your verses with all my heart, dear Miss Barrett,and this is no off-hand complimentary letter that I shall write,whatever else, no prompt matter-of-course recognition of your genius and there a graceful and natural end of the thing: since the day last week when I first read your poems, I quite laugh to remember how I have been turning again in my mind what I should be able to tell you of their effect upon mefor in the first flush of delight I  thought  I would this once get out of my habit of purely passive enjoyment, when I do really enjoy, and thoroughly justify my admirationperhaps even, as a loyal fellow-craftsman should, try and find fault and do you some little good to be proud of herafter!but nothing comes of it allso into me has it gone, and part of me has it become, this great living poetry of yours, not a flower of which but took root and grew... oh, how different that is from lying to be dried and pressed flat and priz ed highly and put in a book with a proper account at bottom, and shut up and put away... and the book called a Flora, besides! After all, I need not give up the thought of doing that, too, in time; because even now, talking with whoever is worthy, I can give reason for my faith in one and another excellence, the fresh strange music, the affluent language, the exquisite pathos and true new brave thoughtbut in this addressing myself to you, your own self, and for the first time, my feeling rises  altogether. I do, as I say, love these Books with all my heart and I love you too: do you know I was once seeing you? Mr. Kenyon said to me one morning would you like to see Miss Barrett?then he went to announce me,then he returned... you were too unwell and now it is years agoand I feel as at some  untoward  passage in my travelsas if I had been close, so close, to some  worlds wonder  in chapel on crypt,... only a screen to push and I might have entered but there was some slight ... so it now seems... slight and just-sufficient bar to  admission and the half-opened door shut, and I went home my thousands of miles, and the sight was never to be!Well, these Poems were to beand this true thankful joy and pride with which I feel myself. Yours ever faithfully Robert Browning

Personal reflective ( Critical perspectives in Global Management) Coursework

Personal reflective ( Critical perspectives in Global Management) - Coursework Example Volkswagen is a company that that had almost disappeared to obscurity in the early 1990s when Mr. Piech took over as the CEO, however through his leadership and management skills, the company has enjoyed sustained growth and development into the greatest European car manufacturer with expanded markets and a variety of products that respond to the needs of customers. The main issue here is that the former CEO Mr. Piech who has now retired upstairs to chair the supervisory board exhibited an authoritarian and autocratic form of leadership which is not characteristic of most modern organizations; as a result workers have little voice in the strategy and operations of the company. even though a new CEO in the shape of Mr. Bernd Pischetsieder has taken over, the main fear is that the former CEO has sufficient personal power to continue controlling most aspects of Volkwagen’s organization from outside, this raises fears of intransigence in terms of organizational operations. Obvious ly, most workers would like more space and ideological input in the operations of the company. ... Piech. It is clear that the former CEO appreciated discipline, authority, and unity of command with him being the major center of the last two. This indicates a distrust of other people’s leadership and a sense of authoritarianism. Max Weber’s bureaucracy also comes out clearly in the operations of Volkswagen with the former CEO appearing as a leader who ensured that every process and decision followed a clearly set path. This is clear in the fear that decision making will always be pushed upwards. Within the contingency theory, it is clear that Volkswagen under Peuch, was a company largely built around mechanistic structures characterized by centralization, strict division of labor, vertical communication, and low trust (Burns and Stalker, 1961). This is a system that current members of the organization fear will be continued under the new CEO, who has largely been groomed by the former CEO and that it will eventually be detrimental to the organization. There are a num ber of problems that can be identified in the Volkswagen case. The first and most clear of all is the problem around leadership and motivation. It is clear that although under the autocratic leadership of the former CEO the company flourished, many of the workers especially in the managerial level expected a new style of leadership synonymous with global trends that would afford them more input into the running of the company and its development to new heights. However, with the presence of the former CEO still looming large and the new CEO most likely to work under the guidance of Mr. Piech, distrust and lack of confidence has cropped up. This may affect morale and performance. On the face of it, the problem is intransigence, with organizational members having the feeling that things may

Social Systems Change as Possible Solution to Information Overload in Essay

Social Systems Change as Possible Solution to Information Overload in Organizations - Essay Example On a daily basis, the generated information can take an average person weeks or even months to ingest through reading, listening, or viewing (Becker, 2008). Information overload is undoubtedly one of the greatest challenges that the modern society has to grapple with especially with the rapid advancement of technology. The information overload does affect people not only at the individual level, but the impact has also penetrated into the corporate world where it is the current major enemy to the efficient production within many organizations. A lot of organizations claim that due to information overload, they have experienced decreased productivity and the general reduction in efficiency of many employees. Indeed, technology is the main cause of information overload as in the ancient days when technology was still low, the rate of information overload was relatively low as compared to modern times. This is because technology advancements generate more information to people, which ma y affect them negatively if not well managed (Becker, 2008). With many organizations suffering from the impact of information overload on their highly esteemed employees, a number of them have taken measures in order to deal with the menace in a rational and logical manner. It is only through organizations implementing radical changes in their social systems that they will be able to find both short-term and long-term solutions to the negative impacts of information overload. ... Therefore, organizations ought to implement changes in their social systems if they are to mitigate the effects of information overload (Strother, Ulijn, & Fazal, 2012). The Merits of Social Systems Change in Solving Information Overload Although the benefits that come with technological advancements are good to any organization or nation, the information overload that comes with technology is detrimental to both the personal and organizational growth. The negative impacts of information overload include reduced overall performance, fatigue, incompetence, laziness, forgetfulness, and the inability to make sound decisions especially during critical situations. This problem has gradually developed over time and is now the epidemic that troubles many corporates. Recognizing the fact that human beings are not the objects of information overload by rather the subjects, organizations should make overhauls that affect the operations of their employees. This is so, because no one can reverse technological advancements, but one can mold a human character to fit in given situations and circumstance in order to negate the effects of information overload (Strother, Ulijn, & Fazal, 2012). One of the major reasons why organizations should go for the social systems change in curbing information overload is that the impact of information overload is more or less social in nature. Some of the adverse effects of information overload include poor performance at work, increased health risks of the individuals, and breakdown or reduced vigor in social relationships. As seen, these effect rest directly upon the subjects of information overload as the object that include technology does not have a direct part to play, but it

Lord Liverpool’s Government Essay Example for Free

Lord Liverpool’s Government Essay Liverpool faced many economic and financial problems, as well as some political problems. Some of these problems included national debt, unemployment, wars with France and America and popular protest groups. Each of these factors also contributed to the popular unrest which occurred during this period. Liverpool was highly effective in defeating Napoleon and also in dealing with protest groups. Additionally he was also successful in bringing about some economic prosperity as well as reducing the deficit. However he was least effective in gaining the support of Prince Regent. Liverpool was most successful in winning the war with Napoleon in 1815. Liverpool had been the only person which had been able to defeat Napoleon to date which consequently made him seem unbeatable. During the war Napoleon implemented an ‘economic blockade’. In response the British tried to stop America from trading with certain countries, this hardened American opinion of the British and they now wanted independence. This eventually led to another war, however this was resolved in a few years. Liverpool’s military success led to him gaining much support and therefore strengthening his position. Liverpool was also successful – to an extent in restoring economic prosperity. The war had disrupted British trade and economy and it had also encouraged British economy to over specialise in war industries which resulted in inflation and rising prices. The Corn Laws which were implemented in 1815 caused bread prices to rise rapidly in the poor harvest of 1816; this angered many working class people and caused a lot of popular unrest, it also made Liverpool very unpopular, the corn laws benefited the upper classes. Additionally by 1815 Britain had and  £861 million national debt and the deficit had reached  £13 million. The income tax which had been imposed in 1799 and brought in  £15 million was defeated by 37 votes and abolished in March 1816. This meant that the government lost a substantial amount of revenue therefore worsening the economic state of the coun try. Further the end of the Napoleonic war in 1815 caused depression as the economy shifted from a war economy to a peacetime one. Liverpool’s government thought lower tariffs on imported goods would mean lower prices for costumers and therefore increasing demand and stimulating trade which would mean economic prosperity. Liverpool’s main source of revenue was the indirect tax. During this time the government was also under increasing pressure gain the support of the people as in the election of 1818 they had lost seats. The government was severely embarrassed over its handling of Peterloo, the spy system and the Queen Caroline Affair. Matters were only made worse by Castlereagh’s weak defence of the government position in each of the matters. The government was in deep embarrassment and on the verge of losing support from voters. As a response Liverpool shuffled the cabinet in 1822. Canning was appointed as foreign secretary. This was highly controversial and further cabinet changes took places. This was an attempt to make the restore the people’s faith in the government and Liverpool hoped to regain some credibility. This reshuffle provided the impression of change, however this was not really the case therefore it wasn’t particularly effective in solving any problems. There was also much radical threat in Britain at the time. During this time Liverpool did several things to try and suppress radical action: introduced the six acts, suspended the Habeas Corpus and the Seditions meeting act. Also people were transported and some were executed due to Luddite protests. These acts allowed the magistrates to take action necessary in order to prevent any action which seemed revolutionary. This made the government seems repressive and reactionary. This was also the first time any government had to deal with mass protest and therefore it could be said that perhaps for the experience they had, the government dealt with matters fairly effectively. Although there are perhaps better ways in which it could have been handled the government was somewhat effective in oppressing revolutionary protest. Liverpool was clearly most effective are regards military action – winning the war with Napoleon and also restoring the peace with America. As regards to the economic and financial problems Liverpool was somewhat successful in reducing the problem rather than getting rid of it.