Costing, Budgeting for Projects Accounting Essay

Costing, Budgeting for Projects Accounting - Essay Example 9018088 0.000842049 12 8 13 9 7.703656443 1.680506618 13 9 14 7 7.414185094 0.171549292 14 7 15 4.791208791 44.00883114 -1.008791209 19.92307692 0.247845443 2.110327908 0.57993311 3.738278384 16.56687898 12 231.5175824 167.6967033 Estimating Learning-Curve Functions 2 2) I used the formula approach and forecast approach to estimate non-linear functions such as the learning-curve function. The predicted value for 15 units is 4.791209. Note: When I used the forecast approach, either there was an error in the formula or the predicted value is wrong. The formula on p.209 is =FORECAST(15,B1:B14,A1:A14), but I came up with a predicted value of 4.32967. But since I must arrive at the value 4.791209, I figured the formula should’ve been =FORECAST(15,B2:B15,A2:A15). I finally succeeded at having the same value 4.791209. I think my formula is more accurate because for 14 units of outputs, the DLH value is already given with a value of 7. The formula for regression analysis is Y = a + bX where a is the constant term and b is the slope. When estimating LCR, I used Solver routine in Excel. I started with an estimated LCR of .80 and entered that figure in cell D2. For getting the predicted DLHs, I used Excel learning-curve formula which is =$B$2*A2^(LN($D$2)/LN(2)). For unit 1 (X), the predicted value is an exact match. It is the same as the actual DLH, 29. The rest of the predicted DLHs for outputs 2-14 were a close match except for 9 and 11 units (in thousands) of outputs. Next, I calculated the â€Å"squared-error.† The obvious answer is 0, since there is no error. The predicted DLH is exactly the same as the actual DLH. The formula for â€Å"squared-error† in Excel is =(C2-B2)^2 for 1 unit (in thousands). The rest can be calculated in Solver routine by dragging the cells when copying the formula for 1 unit of output. Estimating Learning-Curve Functions 3 3) Shown on the graph with the downward slope, as the total outputs increased, the cumulative uni ts produced decreased. In other words, the more experience there is in producing outputs, the amount of time to perform the task decreases. The plot is consistent with the data given for units produced and DLHs. 4) I estimated the LCR with the â€Å"incremental unit-time learning-curve model† using Solver routine and I arrived at 0.69 or .70. In the Solver routine window, I entered the â€Å"target cell† as $E$2 which is the â€Å"squared error† contained in E2 and the â€Å"changing cell† as $D$2 which is the Estimating Learning-Curve Functions 4 LCR contained in D2. The exponent in learning-curve model, b, is -0.51681. So for DLH 29, the incremental unit-time learning-curve model is Y = 29.0*X^-0.51681. 5) The formula for cumulative average time per unit to produce x units is Y = ax^b; where Y = cumulative average time per unit to produce x units, a = the time taken for the first unit of output, x = the cumulative number of units, and b = the index of l earning (log LR/log 2). Using the calculation in Excel spreadsheet, I entered the formula =$B$2*A2^(Ln($D2$/Ln(2)) for cumulative av

Finding a scripture Assignment Example | Topics and Well Written Essays - 750 words - 2

Finding a scripture - Assignment Example Nevertheless, the hindrance that wealth has on the walk with Jesus Christ is also confirmed. Salvation is also underscored as impossible for man, but only possible with God. In this pericope, it is clear that God has endowed people with different gifts at varying degrees, and in this regard, everyone is a steward. Rewards are accorded to those who have been faithful with their gifts or talents. From the foregoing, it is clear that money in itself is amoral: it is the love of it that inspires evil. As a corollary to this, money can be used by Christians to extend the Kingdom of God, specifically for the cause of the fulfillment of the Great Commission. God is the Originator of the state and state power and as such, Christians are obligated to observe the laws of the state. Duties which are relevant to the state and sanctioned by the state are concomitant with God’s will. Although God is the Originator of the state and state power (as previously seen in Romans 13:1-7), yet there are instances in which state actors and civil bodies may contravene God’s will, commands or word in their laws or decrees. In this case, the Christian owes his first and foremost allegiance to God. In these situations, God is still sovereign over man’s laws. As already mentioned, in instances in which the state and its actors may contravene God’s will, commands or word in their laws or decrees, the Christian owes his first and foremost allegiance to God. However adverse these situations may be, God is still sovereign over man’s laws. The state is also a creation of God and the Christian is to observe all his civic duties, for God is the author of all authority. However, a Christian’s first and utmost allegiance is to God. Doing the will of God should override that of the state, in the event that the state has made laws that are contrary to God’s will. Even in these situations, God is still sovereign and is not limited to human laws to interact

Growth and Development of Global Economy - Economics Essay

Growth and Development of Global Economy - Economics - Essay Example On the contrary, they are stuck in the vicious cycle due to the US subsidies which crowds the efficient producer’s market, since without subsidies the US cotton production would not be economical. The US government harms the poorer nations through subsidizing their own domestic cotton production more than it helps them through foreign aid, as proved by statistical data in The Oxfam Briefing Paper (Oxfam International, 2004, pages 1-40). The subsidies does not only affect the Balance of Payments, but has a trigger down effect, it lowers the income of farmers, thus reducing the income available for expenditure, further strengthening the economic crisis by lowering aggregate demand, the multiplier sets into a negative action, and poverty sets in, thus making West African nations vulnerable to US cotton subsidies, furthermore in accordance with Anderson and Valenzuela (Anderson and Valenzuela, 2006, page 19) the usage of Genetically Modified Organism for the cotton production in d eveloping nations would have a greater positive effect than eliminating subsidies completely. However, since it is a time-consuming process to convert every small farm to GM technology, hence from the West African nation’s perspective, the USA should eliminate its cotton subsidies in order to aid the developing nations in coming out of the economic crisis and poverty situation. The US political policies focus on hardcore protectionism with regards to the cotton market; the subsidies are unfair and distort the free trade system. According to the multiplier effect, protectionism in the cotton industry also leads to indirect help of US domestic textile and apparels industry, as presented in The Oxfam Briefing Paper. However, these subsidies focus on helping only the larger farms, despite publicizing otherwise, since 67% of the US farms are ineligible to attain the subsidy benefits, and it is generally the top 10%

Finding a scripture Assignment Example | Topics and Well Written Essays - 750 words - 2

Finding a scripture - Assignment Example Nevertheless, the hindrance that wealth has on the walk with Jesus Christ is also confirmed. Salvation is also underscored as impossible for man, but only possible with God. In this pericope, it is clear that God has endowed people with different gifts at varying degrees, and in this regard, everyone is a steward. Rewards are accorded to those who have been faithful with their gifts or talents. From the foregoing, it is clear that money in itself is amoral: it is the love of it that inspires evil. As a corollary to this, money can be used by Christians to extend the Kingdom of God, specifically for the cause of the fulfillment of the Great Commission. God is the Originator of the state and state power and as such, Christians are obligated to observe the laws of the state. Duties which are relevant to the state and sanctioned by the state are concomitant with God’s will. Although God is the Originator of the state and state power (as previously seen in Romans 13:1-7), yet there are instances in which state actors and civil bodies may contravene God’s will, commands or word in their laws or decrees. In this case, the Christian owes his first and foremost allegiance to God. In these situations, God is still sovereign over man’s laws. As already mentioned, in instances in which the state and its actors may contravene God’s will, commands or word in their laws or decrees, the Christian owes his first and foremost allegiance to God. However adverse these situations may be, God is still sovereign over man’s laws. The state is also a creation of God and the Christian is to observe all his civic duties, for God is the author of all authority. However, a Christian’s first and utmost allegiance is to God. Doing the will of God should override that of the state, in the event that the state has made laws that are contrary to God’s will. Even in these situations, God is still sovereign and is not limited to human laws to interact

How individual and team activities contribute to meeting organisation Essay

How individual and team activities contribute to meeting organisation objectives and customers needs - Essay Example How individual and team activities contribute to meeting organisation objectives and customers’ needs? Objectives are mainly the achievements or goals that are targeted by an organisation. An organisation lay out objectives that looks at the interest of various stakeholders such as the customer, shareholders etc. The objectives can be either primary/strategic or secondary/tactical. Primary objectives are target put in place in the long term while secondary objectives are mainly short term. Long-term objectives only work well when an organisation is in a stable financial performance. The objectives should be specific, quantifiable, challenging, attainable, realistic, time-bound and understandable. The Morrison supermarket enjoys various benefits that come along with economies of scale. Due to its large size, the company manages to attract the best managers available in the job market. This is due to their ability to offer good salaries and work related allowances. This translates to their exponential growth due to the injection of top quality managerial skills. Secondly, the companies have a large capital base. This makes it easy for them to establish new retail outlets to bolster their rate of stock turn over. In turn this translates to increase in revenue base which ensures that they remain big and competitive. Thirdly, the big companies have well established market networks. This provides a ready market for their products and consequently generating high revenues. The high revenue realized plays a major role in the maintenance of their size and further growth. Lastly, they are able to initiate vertical integration through the process of take over. This is due to the fact being big companies; it becomes easier for the negotiations since each company has a large bargaining power. This helps to create a competitive advantage over other big players in the market (Carter, Kornberger & Schweizer 2011). A good example is the take over of Safeway back in the year 2004 a move that ensured it moved to other regions away from its traditional location (North of England). Thus for Wm Morison chain of supermarkets to achieve organisational objectives as well as satisfy the needs of customers, strategic planning is essential since it will prepare the organisation for unexpected changes commonly referred to as crisis management. Strategic planning usually covers a period of three to five years while laying emphasis on the market dynamics. The organisational benefits that can be derived from strategic planning are; Preparation for future opportunities Better business environment awareness Definition of organisation mission Imparts a sense of continuity and direction Facilitate employee accountability Background information According to Morrisons-corporate.com, Wm Morrison Supermarkets is the fourth largest among the chains of

Victorian society Essay Example for Free

Victorian society Essay How does Arthur Conen Doyle manipulate the conventions of the genre and an audiences expectations and deliver the moral messages that Victorian society would have expected?  The two stories that I have studied, The Man with the twisted lip and the adventure of the Speckled Band are both written by the author, Sir Arthur Conan Doyle between the years 1859 1930. They also both feature in the story Sherlock Holmes, along with a side kick, Doctor Watson.  Sherlock Holmes stories were not initially published in books, they were printed in Serial form in the Strand magazine. The Contempory audience at the time would have been familiar with the characters and the story being told from Doctor Watsons point of view, and the way in which the investigations are carried out. The Generic expectations of murder mystery stories is that there would be a villain and a victim, the crime is usually by an aggressive man who has a motive and is violent, short tempered and known as a gold digger. The villain is also expected to be male and clever. The victim is usually a female and is typical of the generic expectations of a murder mystery. She would be vulnerable and an hairness who had money. The detective would not be part of the law and would conduct his investigation in an appropriate manner. The crime is usually atypical and would usually be a weapon and well planned and executed and crime solved by Holmes, and justice is always done, and the person who commits the crime is always punished. The clues and the evidence of the story would be to entertain, following clues and the reader predicting the end. The scene and the setting of the crime would be a quiet place, enclosed and dark. The investigation of the crime would be atypical, it would be how and not who did it and the investigator does the investigation as a hobby. An audience would also expect to find evidence, clues and a motive that leads to an investigation and usually a solution. The investigation and crime would be solved by a detective, with an assistant at his side. The Villains in the two stories appear to be typical of the conventions or expectations of a murderer, a typical murderer in a murder mystery story is male, aggressive, shrine, unpleasant and has something to gain from the death of his victim. In the Adventure of the Speckled band the villain is Dr. Roylott, uncle to the first victim. Helen Stoner who was his stepfather and stood out to Doctor Roylott as her mother was well off so Helen stood to inherit money which made her a target for Doctor Roylott. Helen Stoner describes Doctor Roylott as Uncontrollable in his anger, this makes the reader think that he is frightening to this because she doesnt know how he will react at any particular time. Through Watsons narration of Roylott, Conan Doyle creates an image of a wild animal, a hunter, a savage beast. Roylott is described as a fierce old bird of prey and on leaving the apartments, he snarled at Holmes at Watson like a vicious dog. In the man with the twisted lip the villain is Hugh Boon, whom the author describes him as having a bull dog chin which makes the reader believe that he is dog like, savage and vicious. He is a typical villain with a violent and rough past, he seams unreal with inhuman features. The quotes like bile shot eye gives the reader the impression that he is very angry and furious. Thoughout the story Boon is described as a perputial snarl by Doctor Watson, a old Scar by Watson and repulsive ugliness by Doctor Watson. The writer was subverting our generic expectations because we do not expect to know who the villain is at the start, however, the writer conforms our generic expectations because of the setting, the motives and the murder method. In The Adventure of the speckled band the victim is Helen Stoner, step daughter of Dr Roylott. Her mother was quite well off so Helen stood to inherit money income of à ¯Ã‚ ¿Ã‚ ½250 which made her a ideal target for her stepfather. In the man with the twisted lip Neville St Clare, who was an atypical victim was the apparent victim. He was an atypical victim because of the financial gain. Neville St Clare was also a villain, and he wanted to cover this up, he was saw in a window looking very agitated. The crime and investigation in both stories subverts the generic expectations. In The Adventure of the speckled band the investigation is atypical because Holmes in investigating how not who. There is no weapon in the crime, its a snake which does the damage and subverts the generic expectations, so its atypical to the generic expectations. In The Man with the Twisted Lip, there is no crime committed even though it is a murder mystery. Sherlock Holmes investigates the mystery and finds the villain was the victim. The detectives in both stories are atypical because Holmes does it for a hobby, the enjoyment and mental stimulation. In the end, Neville St. Clare was barred from begging ever again and Doctor Roylott was hoist by his own petard.  In Conclusion, I think that these two stories are both typical in the majority of the ways in a murder mystery genre because they both adhere to the generic expectations of a murder, detective story.

On the Road and Fear and Loathing in Las Vegas Analysis

On the Road and Fear and Loathing in Las Vegas Analysis Referring closely to literary and linguistic features, explore the presentation of hopes and dreams within On the Road and Fear and Loathing in Las Vegas Hopes and dreams are presented as a means of escape and an opportunity for external and internal discovery for the characters of Jack Kerouacs On the Road and Hunter S. Thompsons Fear and Loathing in Las Vegas. Sal Paradise and Dean Moriarty seek rather juxtaposed dreams; Dean is punished for his lavish and overindulgent wants whereas Sal uses his time on the road to fulfil more rewarding and spiritual objectives. Similarly, Raoul Duke in Fear and Loathing in Las Vegas takes a journey of discovery to find the true American Dream in Las Vegas, Nevada. To some extent, the pursuit of hopes and dreams is a method of escaping the realities of everyday life for characters from both texts. In Kerouacs novel, the dreams of where the road might take them provide an escape for both Sal and Dean from a mundane East Coast lifestyle, and a way to forget the mistakes of the past. Similarly in Thompsons piece, a voyage of revelation fueled by an underlying desire to understand the American Dream offers a chance to escape for Raoul and his attorney using somebody elses money. Jack Kerouac employs a proper noun in the utterance fifty dollars from old veteran benefits, I was ready to go to the West Coast. Here, the West is presented as a symbol of great opportunity and freedom like it had been for the pioneers who settled there from Americas east and across the world over a century earlier. For Sal, this escape is from a miserable divorce whilst also having recovered from a serious illness. The writer uses hyperbole and plosive alliteration through Deans wants of innumerable girls and sex parties and pornographic pictures suggesting at Deans apparently unlimited thirst for sexual encounters with as many women as possible, and highlight that a reason why he goes on the road is to fulfil his sexual needs and desires as part of his American Dream. These wants contrast with his more simple needs of concrete noun bread and abstract noun love later in the novel which indicate at the aimlessness of Moriartys quest to find it. In contrast, Duke and Dr Gonzo are shown to be more driven in attempts to find truth and happiness. Thompson uses a metaphor and abstract noun in the exclamative I tell you, my man, this is the American Dream in action! to give a suggestion of Dukes belief that the American Dream is about living a hedonistic life of indulgence. Unlike Sal, who is forced at times to ration his food, the pair spend excessively throughout the novel, especially on alcohol and gambling, but despite such wild attempts Raoul is still unable to attain the happiness he strives for. Duke repeatedly indicates at the journeys purpose being a discovery of the 1970s American Dream and is preoccupied with it throughout the book. The writer uses a present and past-tense dynamic verbs were looking for the American Dream, and we were told it was somewhere in this area. This perhaps suggests at Raouls misunderstanding of and confusion with the concept of the American Dream for he appears to believe that it is something tangible, serving to highlight his dreams elusive nature. Throughout both texts, hopes and dreams are presented as ripe opportunities for the characters to capitalise on. Kerouac employs a metaphor and grammatical repetition in the declarative new call and a new horizon, the abstract noun call and concrete noun horizon here present a hopeful new beginning for Sal and a fundamental change in how he will live his life. This is what Dean offers at the start of the book to Sal, an opportunity to leave his life as a newly-divorced and miserable man in the East behind and escape to what is hoped to be a better life in the West. Deans use of grammatical repetition in the utterance man, wow, theres so many things to do, so many things to write! presents the excitement brought on by the allure of the adventures that await once they get out on the road, and the promise of a better life thereafter. This is to show how to truly live you must break free from the shackles of conventionality and day-to-day life, and that the world is rife with opportuniti es for those who can achieve such freedom. An example of litotes from Dean is when he says so longs I can get that lil ole gal with that lil sumpin down there tween her legs highlighting that his one need is a woman with whom he can he can have sex. For Dean, being on the road is a way to achieve his ambitions of achieving as many sexual encounters as he can, with Moriarty growing increasingly sexually sybaritic throughout the book. Similarly but in a far less literal sense than Kerouac, Thompson uses personification in a sexual metaphor of his own when Duke is wandering through at 4:30 AM he notes that the gamblers are still humping the American Dream. This use of vulgar colloquialism indicates how with a luck America will provide the economic and social success that is wish for. These people hope that gambling will be a way to achieve the American Dream through winning big and getting rich, their chance of weakening their finances however are greater. In contrast with Sals attainable and clear spiritual search on his journe y, Raouls quest for the specific whereabouts of the American Dream concludes with a further metaphor used in Las Vegas when Raoul states that weve found the main nerve. The concrete noun nerve here likens the city to the bodys nervous system and Raoul hopes now that he has discovered the true physical American Dream at this location. At this point he will not let his attorney leave yet, because their expectations of the American Dream were that it would be remarkable but soon the realisation sets in that it is not as magnificent as once anticipated. How hopes and dreams are realised varies wildly between the different characters and books. Deans continued equivocation quickly begins to kill off Sals hope of real discovery. He wishes to find answers and meaning to what the American Dream and therefore Dean truly means by his use of the exclamative fragment it!, but Dean cannot provide anything more than an abstract and vague definition. From this point on, Sal begins to see Dean as his true and shallow self has a realisation that it and the American Dream can never be attained for neither truly are real. The use of pre-modifying adjectives in the phrase wonderful Technicolor visions likens the epiphanic moments of spiritual enlightenment that he is starting to feel to being in a movie filmed using the Technicolor colour process commonly used in Hollywood from the 1920s to 1940s, this indicates that Sal has used his travels of the road as a means of self-discovery. His perspectives change as a result and he becomes a changed man u pon realisation of his insignificance as a lone individual in the vast United States. Whilst writing the novel Kerouac increasingly was fascinated by Buddhism after losing the strong Catholic faith instilled in him as a child, this rebellion against religious norms is echoed here. Thompson uses of pre-modifying adjectives contrastingly when Raoul and his attorney are searching for a location called American Dream all they can find is a huge slab of cracked, scorched concrete in a vacant lot full of tall weeds, the burned down physical American Dream that they find is symbolically representative of Thompsons belief that the ideal now has been destroyed, and therefore is unattainable. A further use of the main nerve metaphor is Dukes utterance that were on the main nerve right now. He now reveals ere that he believes that he has found the American Dream here in Las Vegas at the casino Circus-Circus for its manager has his own circus, and a license to steal, too. Here Thompson mocks the concept of the American Dream in a large city like Las Vegas with the only circumstance of successfully achieving it is this small instance, as well as its unconventional nature as for most joining the circus and owning a casino are not the obvious embodiment of the American Dream . To conclude, hopes and dreams are shown to be a powerful force that empower those who have them to search for the truths of life. While Sals search is a more metaphorical and ultimately more attainable one of inner discovery, Raouls instead is a largely futile one. Both Kerouac and Thompson use how the characters hopes and dreams materialise as innate criticisms of American society and its value systems. Through Sal, Kerouac presents how the American Dream is corrupted and how true self-actualisation can come from a better understanding of ones self and the world around us. Similarly, Thompson is critical of the typical capitalist ambitions inherent in the American Dream of great wealth which so few are able to actually achieve. (x words) Bibliography Kerouac, J., On the Road (Penguin Classics, 2000) Thompson, H., Fear and Loathing in Las Vegas (Harper Perennial, 2005)