Female Gential Mutalition Essays - Mammal Female Reproductive System

Female Gential Mutalition Female Genitalia Mutilation Picture this, a young innocent girl, between the age of eight and twelve, running around, playing, and having a good time. Then she is snatched away to a foul hut, whose floor is nothing but dirt. Once in the hut, the helpless girl is stripped of all her clothing and pinned to the dirt floor. Her tiny legs are spread and held wide apart with a tight grasp. Soon afterward, a midwife, with no education in human anatomy or medicine, enters the hut and says a prayer. While the young girl is held down in this most vulnerable position the midwife takes a handful of sand and rubs it all over the girl's genitals (Walker 106). With no anesthetics and a jagged rock, that merely has a sharpened edge, the midwife begins to cut on the most tender area of the young girl (Rushwan). The midwife cuts away the clitoris and the tissue at the entrance of the vagina. When the midwife is finished cutting and perfecting her excision, she takes a thorn bush needle and sews from the head of the clitoris all the way down to the vaginal opening with the exception of one small place where a sliver of wood is placed. The wood is put into place so that when the scar tissue forms a minute opening is left for urine and menstrual flow to escape. After the raw edges have been sewn up a mixture of butter and herbs is placed over the wound. This is done to cease the blood that is now gushing out of this helpless young girl (Female Genital Mutilation). The above is only a brief description of a type of mutilation that millions of girls encounter every year in Africa. What is it that would cause parents to inflect such pain on their little girls? Female genitalia mutilation consists of four principal types. One type of FGM is very similar to the type of circumcision that is performed on males. This includes cutting around the perimeter of the hood of the clitoris in order to remove it, but leaving the body of the clitoris in place. This form of FGM is called female circumcision or Sunna circumcision. Another form of female genitalia mutilation is called excision or clitoridectomy. Removing the entire clitoris and either part or all of the labia minora is performed in this type of mutilation. Intermediate circumcision, another form of FGM, is very similar to a clitoridectomy. The difference is that in addition to the removal of the clitoris and part or all of the labia minora, that part or all of the labia majora is also removed. The last and most severe form of FGM is called infibulation or pharaonic circumcision. This includes the removal of both the clitoris and the labia minora, as well as much of the labia majora. Then th e remaining sides are sewn together (Walker 367). This ritual begins with the facilitator praying and singing praises. Then, as a woman identified as P.K. retells her dreadful experience, she was instructed to lie down on a mat. P.K. says that no sooner had her frail, young, legs hit the mat they were tightly grasped by heavy hands and spread wide apart. Her legs and arms were both immobilized. Next, she tells that a foreign substance was rubbed all over her genital organs and that it caused a very unpleasant sensation. She later discovered that the foreign substance was sand and that it was used in order to assist in the operation. P.K. goes on to tell that as a hand grasped a part of her genital organs ?[Her] heart seemed to miss a beat. [She] would have given anything at that moment to be a thousand miles away; then a shooting pain brought [Her] back to reality as her excision had begun (Walker 106). This operation is performed under extremely poor hygienic conditions. The facilitator of this excision will often use an UN-sterile knife or a rock that merely has a sharpened edge. In addition, the entire process is done without any form of anesthetics (Rushwan). When Waris Dirie retells her memory of when her body was sliced and mutilated she

About the F-22 Raptor Fighter Jet

About the F-22 Raptor Fighter Jet The F-22 Raptor is America’s premier air-to-air combat fighter jet that can also perform air-to-ground operations. It is built by Lockheed Martin. The U.S. Air Force has 137 F-22 Raptors in use. The Raptor is the top air combat fighter jet in the world and is designed to dominate the air. Development of the F-22 began in the mid-1980’s at Wright-Patterson Air Force Base, Ohio. Production of the F-22 began in 2001 with full production starting in 2005. The last F-22 was delivered in 2012. Each Raptor has a life span of 40 years. Unique Features of the F-22 Raptor Lockheed’s development partners include Boeing  and Pratt Whitney. Pratt Whitney builds the engine for the fighter. Boeing builds the F-22 airframe. The Raptor has advanced stealth capability to elude enemy aircraft and missiles. The stealth capability means the Raptor’s radar image is as small as a bumblebee. The sensor system gives the F-22 pilot a 360-degree view of the battlefield around the plane. It also has very advanced sensor, radar and electronics allowing it to locate, track and shoot down enemy aircraft. The two engines have 35,000 pounds of thrust each allowing it to cruise above 50,000 feet at Mach 2 speeds. The engines have afterburners for increased speed and directional nozzles for maneuverability. A sophisticated information and diagnostic system allows for paperless maintenance and faster turnaround. Capabilities The F-22 Raptor gives the U.S. air superiority world-wide as there is no other fighter aircraft that can match its capabilities. The F-22 has the ability to fly at over 50,000 feet at Mach 2 speeds and for 1600 nautical miles. Carrying an impressive arsenal of weapons the F-22 can take out enemy aircraft quickly and control the skies. It can then be converted by changing the weapons carried to perform ground attacks. The Raptor has secure communications capability from one F-22 to another F-22. A single pilot controls the aircraft as he has a 360 view of the battlefield around the plane and a wide array of sensors tracking other aircraft in the area. This allows the aircraft to know where enemy aircraft are in the area before they can see the Raptor. When carrying ground mode weapons the Raptor has two 1,000 JDAM’s that can be deployed. It can also carry up to eight smaller diameter bombs. Maintenance on the Raptor is paperless and has a predictive maintenance system to repair parts before they break. Weapons on Board The F-22 Raptor can be configured for either air combat or ground combat. Weapons carried for air combat: one 20mm M61A-2 six barrel rotary cannon and 480 rounds with ammunition feed system capable of 100 rounds per secondsix AIM-120C air-to-air missilestwo AIM-9 Sidewinder heat seeking missiles Ground combat weapon configuration: two 1,000 pound JDAM Joint Direct Attack Munitionstwo AIM-120C air-to-air missilestwo AIM-9T Sidewinder missiles Specifications Engines two Pratt Whitney F119-PW-100 engines with 35,000 pounds maximum thrust (similar engine as the F-35 Joint Strike Fighter)Range 1600 nautical miles using just internal fuelFuel carries 18,000 pounds of fuel and can be refueled while in flight. Wing mounted fuel tanks can be added to carry an additional 8,000 pounds of fuelLength 62.1 feetHeight 16.7 feetWingspan 44 feet 6 inchesCrew size oneWeight over 43,000 pounds empty and 83,500 pounds fully loadedMaximum speed Mach 2Ceiling over 50,000 feetApproximate cost $143 million each Deployed Units Squadrons of F-22’s are deployed at: three squadrons in Virginiathree squadrons in Alaskatwo squadrons in New MexicoF-22’s are also based in Hawaii and the Middle Easttraining, maintenance and tactical work are performed in Florida, Nevada and California

System analysis and method designed (MIS class report) Essay

System analysis and method designed (MIS class report) - Essay Example â€Å"In this method each step has definite opening and ending point, with particular deliveries to the subsequently phase† (Als and Greenidge). The image given below shows the details of this model. This project requires less human resource for the overall development of the project. Here through this model we can develop the overall system with a small development team. Because this model works in a sequence and second phase can only be completed after the successful completion of the first phase (Sage, Andrew and & Palmer). â€Å"The Waterfall model is the straightforward and extensively accepted/followed software development model, however like any other software development models; Waterfall model has also its disadvantages. Spiral Model for software development was developed with the purpose of conquering the disadvantages of the Waterfall Model† (Parekh). This software development methodology is composed of iterative nature of the prototyping and systematic aspects of the linear sequential model. This software development methodology provides potential for development of incremental version of the software. Through this software development methodology we can have series of incremental releases of the software system. Its early versions are designed to collect more and better requirements from the client (Pressman). The image given below shows the working of this model: This software development methodology works in small increments and evaluates toward a big and comprehensive system implementation, so this software development methodology usually requires small project development team (Sommerville). This type of software development methodology is usually implemented for the medium to large projects. Mainly this software development methodology is best for the system those are huge, complex, and all requirements are not available at the start of the project (Pressman). The better interaction among

How can interactive media encourage students from secondary schools to Dissertation - 1

How can interactive media encourage students from secondary schools to eat healthy and thus contribute to reducing the growing o - Dissertation Example The present time reflects examples of advertising that make use of the persuasive technology with advertisers using words like ‘free’ and ‘hurry’ offering them with bargains on different products and services, and attracting greater number of consumers. This is reflected in the world of internet advertising as well. With the use of different software and applications, behavior and attitude of people are being altered. Such apps include financial apps or healthcare apps as well, thereby strongly communicating their messages to the people, and proving that web sites have become the most influential persuasive technology of the present times (Tittel, 2013). Beyond the web there are other persuasive technologies that have developed and become highly effective in the present day world. This includes the use of the mobile phones that has been obtained to have significant positive effects on persuading people towards better healthcare. Over the past few years, mobi le devices have been largely used for persuasion along with bringing together government agencies, academics, as well as health care organizations belonging to the private sector, for persuading people towards better healthcare. SMS services are used for promotion of healthcare trying to persuade people to change their attitudes and behavior towards how they maintain their health. This is also possible through the use of other media like the television, radio, and other forms of communications that people in general follow in the present times (Mobile Health, 2010). Considering contemporary examples of persuasive technologies beyond the web, such as mobile devices and hence SMS services have been mentioned earlier, and other communications media like television and radio (Mobile Health, 2010), the expansion and use of the persuasive technologies have been found in marketing of businesses, in environment, in education, and in health care. Use of body-wearable sensors, technologies th at are aware of contexts and real time information exchange are what makes up the persuasive technologies of the recent times involving devices like the mobile phones and other communicative devices (Chatterjee, 2009). 2. Advantages of Persuasive Technology Over Traditional Media and People: The emergence of persuasive technologies through the use of computers, web, and other devices has offered certain advantages over the traditional media and people. These include that it is more persistent than the human beings. It offers significant ambiguity. It has the capability to manage huge amounts of information. It can make use of several modalities to influence people. It can scale with ease. Also, persuasive technologies can be taken to places where it is not possible for human beings to reach. For example, Amazon.com offers books to its customers and along with that it suggests its customers for books through different links thus allowing customers to know about books that they otherw ise never knew (Drew, 2011). The development of information and communications technology has led to greater advantages of persuasion than the traditional media and people, with such revised development being more and more demanded. The present day persuasive

Analysis and argumentative commentary for a case-study article Essay - 1

Analysis and argumentative commentary for a case-study article (provided) by answering questions at the end of the article - Essay Example Nation states can now freely purchase natural resources from companies such as Anglo American PLC and Unocal and this has worked completely well to almost all countries. Even the largest economy in the world has depended on trade for its need of raw materials to propel its economy. China on the other hand has a huge demand for natural resources due to its rapidly expanding economy (China Defence & Security 47). It also wants to secure the source of its raw materials by a series of acquisitions and joint ventures in the past several years (Concha 139). I also do not think China’s growth will be threatened if it needs to rely on foreign-owned sources of materials. All countries have dependended on other countries for natural materials in one way or another and no country in the world has the monopoly of all resources. Even United States is dependent on Middle East for its oil requirement. This explains why there is trade and trade agreements because each country has to depend upon another for its natural resources and vice versa. What China is trying to achieve is to secure the source of its natural resoures for the expansion of economy. It is not contented of developing its own natural resources but rather would acquire the natural resources of other countries either by acquisition, joint venture or ridiculous claim such as its nine dash claim in the Pacific which is known to rich in oil and gas and offending all its neighbors in the process. Regardless how much resources China will need, there will always be a company or companies that will provide because it is an opportunity to make business. Being such, it is never a threat to China to depend on foreign owned companies with its need of materials. Even the largest economy in the world which is United States also depends on other countries for many of its materials need but it does not feel threatened by its dependency knowing that it is also

Conflicts in Romantic Relationships: A Literature Review

Conflicts in Romantic Relationships: A Literature Review Amanda Bjork Conflict. We all experience conflicts, arguments, or fights in our lives and in our relationships. It is present for and affects everyone, whether they have have platonic, intimate, close, friendly, or other types of relationships. Conflict exists whether someone is fifteen or fifty five years of age, but what does change are the topics causing the conflict. Conflicts within romantic relationships can lead to yelling, tears, hurt feelings, and sometimes even broken things, including broken hearts. Understanding the topics of conflict within romantic relationships is important because people sometimes express their frustrations as a way to produce a desired change to meet their personal needs within the relationships. My own relationships have brought this to my attention. I have started fights because I want something to change, because I wasn’t happy with how things were. Disagreements and conflicts are inevitable, but vital to the evolution of any relationship. According to Jaelline Jaffe, Ph.D and Jeanne Segal, Ph.D (2007), disagreements will occur in any intimate relationship because it just isn’t realistic (or possible) for two people to have the same expectations, ideas, needs, and/or opinions all of the time. Successfully resolving these relational disagreements is crucial for the development and continuance of all successful relationships. It is essential to ponder the topics of argument and then conflict management within relationships since literally everybody is involved in and needs relationships in one way or another. If we can better recognize the topics that create conflict within relationships, we could theoretically decrease the amount of conflict that is present and thus increase relationship satisfaction overall. Guerrero et al. (2001) have identified conflict to be a â€Å"disagreement between two interdependent people who believe that they have dissenting goals.† Conflict plays a very significant role within romantic relationships. Not only does it potentially affect the duration of said relationship, but also the level of satisfaction each person has within that relationship. Julia T. Wood (2007) stated that â€Å"conflict affects the power dynamic between couples by forcing them to negotiate and renegotiate the extent to which they share power.† Guerrero et al. (2001) also said that close, romantic relationships that are devoid of conflict are rare, unrealistic, and highly extraordinary. Essentially, relationships just cannot exist without some kind of conflict. â€Å"In truth, satisfied couples are more likely to discuss issues of discrepancy, whereas discontented couples are more likely to abate or elude conflict† (Guerrero et al., 2001). Even though conflict is so prevalent in relationships, very few scholars have actually done significant research on the subject (Walker, 2000). The â€Å"dark side† of relationships, that much of the research refers to, is generally considered to be the â€Å"bad† things; fighting, disagreement/arguments, and conflict. It is very difficult to understand conflict within relationships and how to manage it since scholars have not yet completely broken into the realm of interpersonal conflicts. Guerrero et al. state, â€Å"the need to examine the dark side of close relationships is more important than focusing on the positive aspects of interpersonal relationships.† Walker goes on to say that studies have a â€Å"Pollyanna-like perspective which only highlights that individuals need to be open, honest, polite, and attractive in relationships, while ignoring other negative relational dynamics.† As Walker also states, conflict is just as essential (and common) in relationships as the pos itive aspects, thus creating validity and the necessity to cultivate a better understanding of the topics that people fight about in relationships (Walker, 2000). There are not many things in this world that are more communicative than emotions can be. â€Å"A rapidly growing body of research indicates that the transition from casual dating to serious commitment is marked by intensified emotions, increased emotional jealousy, greater reactivity to conflict and uncertainty, and more negative appraisals of irritations† (Theiss Soloman, 2006). The first fight a couple might have may occur at this point in their relationship progress, the beginning. The couples who dissolved their relationship after the first big fight reported having been feeling chaotic or ambiguous about their relationship as a whole (Guerrero et al., 2001). Accordingly, the partners who stayed together gained a greater comprehension of their emotional state with regards to each other, felt like they were well suited to problem solve together, and were assured that both would be willing to make sacrifices for the relationship/each other. Guerrero et al. (2001) estimated that â€Å"most romantic couples have somewhere between 1-3 disagreements per week, of which 1 or 2 disagreements each month is particularly unpleasant. Additionally, couples who are dissatisfied often experience 5.4 incidences of conflict over a 5-day period.† Guerrero et al. (2001) state that â€Å"most disagreements are related to the fair division of household labor, jealousy and possessiveness, sex, money and possessions, the social network (including families), and children.† More research has shown that work has an effect on relationships, including unearthing stressors such as low support from partners, the amount of time devoted to relationship activities, and even issues such potential children and their ages/names (Cinamon, 2006). In addition, partners might complain about the amount of time spent together and justify engaging in infidelities (Guerrero et al., 2001). Arguments about sex, household chores, money, jealousy, possessions, social media, the futu re, and children are of course not the lone or single sources of disagreement that couples can experience, but they tend to be the most frequent types of conflict within intimate and romantic relationships. After distinguishing what types of conflict can arise, it is particularly important to also understand that there are different levels of conflict as well. Guerrero et al. (2001) claim that there are four levels of conflict. As defined by Guerrero et al. (2001), the first conflict level is when couples argue about â€Å"specific, concrete behaviors such as how to specifically clean the kitchen. The second level of conflict is when couples argue about relational rules and norms such as working late without informing your partner or forgetting your significant other’s birthday or anniversary† (Guerrero et al., 2001). Thirdly, Guerrero et al. define the third level of conflict to be when partners argue about their varying personality traits. Finally, the fourth level of conflict is when couples â€Å"argue about the process of conflict itself, otherwise known as metaconflict. This may also include accusing your partner of pouting, nagging, throwing a temper tantrum, not l istening, or fighting unfairly† (Guerrero et al., 2001). In conclusion, the research reviewed in this literature review has suggested that conflict within relationships occurs very commonly and in nearly all relationships. We can assume that the majority of couples involved romantically will experience 1-3 disagreements per week (Guerrero et al., 2001). These studies also suggest that a majority of arguments among couples are a product of money, sex, household duties, jealousy, social media, the future, and children. Additionally, the research demonstrated four levels of conflict, which can be alleviated once the topics are identified and conflict management employed. References Cinamon, R. (2006). Anticipated work-family conflict: effects of gender, self-efficacy, and family background. Career Development Quarterly, 54(6), 202-216. Gere, J. U. (2013). When Romantic Partners Goals Conflict: Effects on Relationship Quality and Subjective Well-Being. Journal of Happiness Studies, 14(1), 37-49. Guerrero, L., Andersen, P. (2001).  Close Encounters: Communicating in Relationships. Mountain View, Calif.: Mayfield Pub. Keener, E., Strough, J., DiDonato, L. (2012). Gender Differences and Similarities in Strategies for Managing Conflict with Friends and Romantic Partners. Sex Roles, 67(1/2), 83-97. Mackinnon, S.P., Sherry, S.B., Antony, M.M., Stewart, S. H., Sherry, D. L., Hartling, N. (2012). Caught in a bad romance: Perfectionism, conflict, and depression in romantic relationships. Journal of Family Psychology, 26(2), 215-225. Segal, J., Jaffe, J. (2007). Conflict Resolution Skills. Retrieved February 10, 2015 from http://www.helpguide.org/mental/EQ8_conflict_resolution.html Theiss, J. A., Solomon, D. H. (2006). A relational turbulence model of communication about irritations in romantic relationships.Communication Research,33(5), 391-418. Walker, K. (2000). The Dark Side of Close Relationships. The Southern Communication Journal, 65(4), 340-342. Wood, J. (2007).  Gendered Lives: Communication, Gender, and Culture. Belmont, Calif.: Wadsworth Pub.

Fall of Constantinople :: World History

Fall of Constantinople By 350 A.D., Constantinople was one of the world's greatest capitals. The city was located between Asia and Europe, making it a very diverse and strategic place. The many bodies of water surrounding the peninsula gave Constantinople many trade routes as well as protection. The famous walls were also built to further strengthen security. Constantinople eventually rose to a beautiful city of strength and wealth. Its Greek heritage separated itself from the West with their religion of Eastern Orthodoxy. Despite the power of Constantinople, unending attacks and problems would eventually weaken the city. The first major catastrophe took place in 542, when a plague struck and killed massive amounts of people. The recovery was very slow, and it allowed for countless attacks. For Constantinople, however, it was just the beginning. Justinian ruled the Byzantine Empire during its height. His military faced strength from the East that greatly endangered his people. The Sassanian Empire of Persia was one threat that Byzantines needed to conquer. The Persians endangered eastern lands, so Justinian's military prevented any conquest. The Sassanians were defeated and security was briefly gained. After his success, Justinian wanted to regain lands the Roman Empire once lost to invaders. Byzantine armies began a reconquest of Spain, Italy, and North Africa. Battles against various Germanic groups took place, and western lands were conquered by the Byzantines. The wars were expensive, and resources were low. Defense became weak and territories were lost increasingly after Justinian's death. During the early 700s, the Byzantine Empire was in turmoil and chaos. As Leo III took power, Constantinople was being attacked by Avars, Bulgarians, and Arabs. The Arabs from the Middle East were a main concern for Leo III because of their large conquests in the Asia Minor. The Arabs advanced to spread their faith of Islam and control resources. The Arabs slowly acquired land until their siege on Constantinople itself. Leo III made brilliant defense moves to stop the invaders. His military forces attacked the Arabs from the rear successfully while naval forces were repelled with Greek Fire. Greek Fire was the empire's secret weapon that may have saved them from the Arab siege. Arab ships would burst into flames from contact with the "liquid fire." Fighting continued for a year until the Arabs retreated. Constantinople was defended successfully, but the empire suffered heavy losses and continued to loose land. The era from about 1025 to 1453 witnessed the Byzantine Empire in its ultimate destruction.

Weighted Average Cost of Capital and Yeats

Extra Credit Assignment: Yeats Valves and Controls Inc. Completed as a Group with the Following Individuals: (in alphabetical order by last name) Adetunji Adeniyi Tung F. Cheng Gregory Chiu Rashmin Patel WenHao Zhang Course Title: Accounting and Finance Course No. /Section: MG6093 Instructor: Frank X. Apicella November 28, 2012 Yeats Valves Question The following are questions which should focus the groups on important aspects of the Yeats Valves case. Note the actual case name is Yeats Valves and Controls, Inc. The case number is UV0094.There is also a spreadsheet – that number is UV0184. As mentioned   – the corresponding case is TSE  International Corp. – case # UV0114. 1. What is the situation that this company faces? Yeats Valves and Controls, Inc. is currently considering a merger with TSE International Corporation. The founder, who is Chair and CEO, W. B. â€Å"Bill† Yeats, is about to reach his 62nd birthday and does not have a succession plan. He is concerned with the future of his company as none of the other executives can take his place because they are all specialists.Bill Yeats believes that TSE can provide stability to Yeats as he is reaching retirement, and TSE is a larger company with better marketing and global distribution channels. However, he is concerned with the fit of the two companies even though he thinks TSE is a better partnership than other alternatives. 2. What are the strengths and weaknesses of Yeats and its counterparty, TSE? Unlike TSE, which is more global-oriented with indirect distribution channels, Yeats has a stronger national and direct distribution channel.TSE has a larger mass market production system (high volume) while Yeats has a more customized market production (lower volume). In addition, Yeats has a strong R&D, having many patents for multiple applications, particularly with its latest development of the Widening Gyre Program that has a high-profile government contract. This might not be reflected in the stock of the company as a growth opportunity. 3. Why should Yeats and TSE want to negotiate a merger deal?Yeats is considering this merger deal because it would offer a succession plan for the company as TSE is a much larger company that can offer Yeats financial stability without having Yeats to identify new capital (debt and equity) on its own to fund the Widening Gyre Program (an advanced hydraulic-controls system). Yeats needs additional funding in order to continue the R&D of the Widening Gyre Program. Also, TSE has the expertise of mass manufacturing that Yeats need for widening its reach in commercialized distribution.In order to maintain a competitive edge, Yeats need both the finance and manufacturing capabilities of TSE as other competitors in the same industry have been consolidating more and more. However, Bill Yeats is concerned about losing voting control from a merger with TSE. He also wants to ensure that Yeats employees are kept after the mer ger and its stockholders gain value from the merger. He wants TSE to continue the R&D and commercialization of the Widening Gyre Program; and for him to stay on as head of Yeats until TSE can fully operate Yeats by ffering him a reasonable bonus plan. Though Bill Yeats could turn to another company, Rockheed Marlin, a large defense contractor, or other companies, he prefers TSE because he is familiar with TSE and they have complementary needs. Bill Yeats also ruled out a joint venture with TSE because he felt it was an inferior alternative as it will have the same integration issues. To reduce tax obligations, Yeats and TSE want to complete the merger in a stock-swap deal. 4. Use valuation analysis to determine the valuation of Yeats. What are the key value drivers?As mentioned above – Note the Harvard web site has a student spreadsheet for Yeats Valves that you  should  use as the basis for your analysis. Questions are contiinued below – One way of determining val uation of Yeats is through WACC, the Weighted Average Cost of Capital. It is the minimum return a company needs to earn in order to satisfy its investor base (as weighted for the amount of debt vs. equity in the target/capital structure), which is what the company must pay investors to raise new financing to support new projects or ventures.WACC is particularly useful here because Yeats has no debt, thus, it is an equity financed company. In the case of Yeats, the company must have capital to continue to develop and market its new Widening Gyre Program. The formula for WACC = Re (E/V) + Rd (D/V)(1-t) However, because Yeats does not have debt, the second half of this formula, Rd(D/V)(1-t) is not necessary. Being that Yeats has zero debt, the value of its equity is in full, which represents its Enterprise Value. Tax (t) is determined in the case as 40% or . 40 (p. 5).We must then calculate the CAPM for the cost of equity (see Excel sheet for details): Re = Rf + Beta (Rm-Rf) Re = Requi red Return on Equity Rf = Risk Free Rate = 5. 98 (p. 16) Beta = Measure of Risk relative to the general market (volatility) = 1. 5 (p. 5) Rm-Rf = Equity Market Risk Premium (EMRP) = 5. 5 (p. 16) Rm = Market Risk Rf = Risk Free Assets (U. S. treasury security) With Beta at 1, the stock price changes in precise tandem with the market, but with Yeat’s beta at 1. 5, it is more risky than a group of peer stocks. Thus, Re = Rf + Beta (Rm-Rf) Re = 5. 98 + 1. 5 x 5. 5Re = 14. 23%, the cost of equity at for Yeats Then calculate WACC = Re (E/V) + Rd (D/V)(1-t) WACC = 14. 23 (100%) + 0 (0%) (1-40%) WACC = 14. 23% Addtional Questions for Yeats / TSE cases 5. What do you believe Yeats valves is worth? What key financial assumptions determine the range of high and low values in your valuation analysis? Also, draw on any other valuation approaches and information that you can. With WACC = 14. 23% Assuming Terminal Growth Rate = 4% 1) Terminal Value (or present value at a future point) with $ represented in 1,000 = $7059. 8 (1+4%) (14. 23% – 4%) $71771. 1 = $72 million 2) DCF (Discounted Cash Flow calculated using a financial calculator): CF0 = 0 CO1 = 4689. 3 CO2 = 4584. 3 CO3 = 5302. 1 CO4 = 6127. 4 CO5 = 78830. 9 I = 14. 23 NPV = 55306. 17 NPV = $55. 306 million 3) Equity Value= 55,306,170 Minus Debt= 0 Divided by Outstanding Shares = 1,440,000 or $55,306,170 1,440,000 Equity Value per Share = $38. 407 per share Other valuations can include comparing P/E ratios with other peer companies. Also comparable are Price/Revenues, Price/EBIT and Price/EBITDA. See exhibits 8 and 9 for comparable Ratios of Peer Firms. 6.What are the advantages and disadvantages of a combination between Yeats and TSE Int? The advantages of combining Yeats with TSE would be that Yeats can offer R&D expertise that TSE lacks, and TSE can offer manufacturing and marketing expertise that Yeats lacks. With TSE’s commercialized global reach and Yeats’ national government contract s, it would be expected that there would be financial synergies that would benefit both companies in the long-term, including cost savings from greater purchasing power for materials and components, and application of TSE’s Six Sigma for higher quality control savings.This would increase value to stockholders of both organizations and offer diversification. However, the disadvantage would be that the two companies operate differently and will have to find a common ground that would allow them to merge their cultures. One of the concerns mentioned in the case is that Yeats has a more entrepreneurial operation that might not fit TSE. Both companies will have to be open-minded to learn each other’s methods of operations. 7. What risks do TSE Int. and Yeats Valves face in the proposed merger?Consider a range of transaction, financial and operating risks. What effect do these risk factors have on the value of Yeats Valves? In the proposed merger, TSE will not want to over p ay for the proposed merger while Yeats will not want to be under-valued in the stock swap. Yeats has a concern that TSE may under-value its Widening Gyre Program, which could be under-estimated by the market price. Bill Yeats wants to stay on to operate Yeats after the merger with a bonus and return to R&D rather than focusing on raising capital.TSE has to know how much value such a transaction will offer TSE being that TSE has very little experience in financing R&D. Both companies must consider their differences in operating cultures and the risks involved over the long-term viability of the two companies. TSE must consider how long they will have Bill Yeats as he is nearing retirement at a time when TSE might need Bill Yeats to maintain the success of this merger. What long term bonuses may be required to attract Bill Yeats to remain, and what succession plan might TSE have to come up with for Yeats Inc.?These are all risks to both parties. 8. Develop a negotiating strategy i. e. , an opening asking price to sell your company – Yeats – as well as the price below which you would walk away from the deal. Justify your ‘drop dead’ or walk away price. Being that the Terminal Value is at $72 million, we would ask to sell Yeats to TSE at that opening price. However, in calculating the Discount Cash Flow Value with Net Present Value at $55 million, this would be the drop dead price we would walk away from the deal.A value between these ranges would be preferred, as the minimum ($55 million) represents the equity value of Yeats and the maximum ($72 million) represents the future value of Yeats. In addition to the price negotiations, we would also negotiate social terms (as suggested by Bill Yeats). This includes for Yeats’ employees not to be terminated after the merger and Bill Yeat to remain as head of Yeats with bonuses (five year options to purchase 80,000 shares of TSE stock at 90% of market price at the close of acquisition, a nd an incentive bonus of $50,000 to $200,000 per year).

THE BEGINNING essays

THE BEGINNING essays Prenatal development is the period in development from conception to the onset of labor. Perinatal period is the period beginning about the seventh month of pregnancy and continuing until about four weeks after birth. Postnatal development is the period in development the follows directly after birth. The germinal stage is the stage lasting about ten -fourteen days following conception before the fertilized egg becomes implanted in the uterine wall. The embryonic stage is the stage in which major biological organs and systems form. The fetal stage is the stage in which is marked by rapid growth and preparation of body systems for functioning in the postnatal environment. Viability is the ability of the baby to survive outside the mothers womb. The gestational age is the age of the fetus derived from onset of mothers last menstrual period. The number of older mothers is on the rise in the U.S. as women postpone pregnancy to establish careers or for other reasons. Healthy women older than thirty-five routinely deliver healthy infants just as other between the ages of twenty and thirty-five do. Teenagers, however, may be at a greater risk for delivering less healthy babies. Lack of prenatal care is a big reason. Diets, while pregnant, must be sufficient not only in number of calories but also with respect to the right amount of proteins, vitamins, and other nutrients. Stress also plays a big role in delivering a Cultural beliefs about potentially harmful consequences of frightening or stressful events on fetal development are pervasive, and many societies encourage a calm atmosphere for pregnant women. The social support a pregnant woman receives from family and friends is an important factor that can lessen the consequences of stress Another reason is the complicated nutritional needs of teenagers. Teenage mothers give birth to as many as 500,000 babies in ...

TLC essays

TLC essays The song unpretty is about a girl who was always happy with herself and the way she looked. But her boyfriend makes her doubt herself because hes always stuck on her looks and criticices her appearance. Because of this she is starting to feel unpretty and insecure. She also thinks her boyfriend doesnt care about her inner self. So shes thinking about dumping him so she could be happy with herself again. Ive chosen this song because I think its a very nice lyric with a deeper meaning from which you can learn something. People are usually judged by their appearance before someone wants to get to know them. This is wrong because looks are just the packing of a persons inner self. And you shouldnt care to much about what other people think about your looks as long as youre happy, because thats the most important. So like they show in the videoclip of unpretty : never do stupid things like a breast implant just because your boyfriend wants to. The other way around you also shouldnt judge very beautiful people. Its a stupid prejudice that very beautiful people cant be intelligent and perfect. And especially in a relationship appearance isnt the most important thing because youre relationship is build on looks it isnt gonna last long. I think all girls should learn off the message TLC gives us here! It's very important that girls all over the world know that they must be strond! You shou ldn't do something only because your boyfriend or somebody else tells you! Make your own choises bso you can be happy with you, yor body, your looks, etc. This is the reasen I wanted to talk about this song : it has an important message! ...

HCM611-0803A-01 Managing the Health Care Organization - Phase 2 Group Essay

HCM611-0803A-01 Managing the Health Care Organization - Phase 2 Group Project - Essay Example In the healthcare division, this type of result is unacceptable. Employee morale and motivation is very important as it is directly related to their performance and good communication and problem solving is the key to achieve that. (Managing Healthcare: Pros and Cons, n.d) The manner, in which things were being managed in the past at the Regency Healthcare Group, was a perfect example of how management practices are not supposed to be. The assessment performed revealed that staff members were generally unhappy about how things were being dealt with in the past. It is extremely important for higher level managers to avoid being condescending towards their subordinates. An aggressive communication style will only worsen the staff members’ attitude towards the manager, in this case, the Surgery Director, and result in demoralization. Performance is greatly affected by such behavior and even if subordinates do perform under fear and pressure, the staff and the customers, in this case the patients will be going away with an unpleasant experience (Managing Healthcare: Pros and Cons, n.d). This makes the staff and patients reluctant about any future participation and involvement with the manager. No problems are solved through force. It is important t o take a logical and organized approach towards solving a problem so that instead of making things worse, a solution can be achieved and everyone involved in the process leaves with a learning experience. A more detailed analysis needs to be made on how the managerial approach of the predecessor was unsuitable and what problems it caused. Also, alternative managerial techniques need to be looked in to so that staff efficiency, employee morale and the quality of care can be improved. (Thomson, n.d) Staff efficiency is one of the vital aspects in a healthcare organization. An efficient staff means that patients will be dealt with efficiency, promptly and effectively. An

How Do We Create a Set of Priorities in Relation to Population and Assignment

How Do We Create a Set of Priorities in Relation to Population and Environment - Assignment Example It has got to do with the anticipated returns, the risk that becomes potentially faced and the timing of the returns (McMullin-Messier 34). To be able to create a set of priorities, one must have the ability to see what tasks are more vital at each moment and give such tasks more of their energy, time and attention. When one focuses his or her efforts on those top value activities, one can have meaningful and significant, long term consequences. Provision of healthcare should become a priority for all nations worldwide. This is because a great percentage of loss of life is as a result of either lack of or poor health care. This issue also gets surrounded by many political, institutional and environmental constraints. This influences decision making in the health care section because, during the process, there are numerous interest groups and weaknesses in democratic voting mechanisms. If health care does not become a priority, then many parties manipulate the decisions that pertain to the provision of health care and vary the quality of care distributed among the population. This may be extremely risky for a nation because if the population is not healthy then there is a reduction in production. Prioritizing healthcare will lead to better care, affordable care, and healthy people. This will improve health outcomes and increase the effectiveness of care for all populations (McMullin-Messier 89). More resources should be alloc ated to the healthcare sector in terms of money, manpower, machines, and researchers. More opportunities should also get provided for those that are interested to study medicine in order to avail more manpower for this sector. Environmental movements worldwide should also be prioritized because the key goal of such organizations improves the environment and maintain what is still good. They tackle environmental issues worldwide that deal with climate change, air pollution, water pollution, human encroachment, and deforestation.