Essay on Finance 100 - Hydrotech Case Study - 835 Words

L.Spight FIN100 – Week 10 Integrative Case Study Due – 9/5/10 Case Information: You work for HydroTech, a large manufacturer of high pressure industrial water pumps. The firm specializes in natural disaster services, ranging from pumps that draw water from lakes, ponds, and streams in drought stricken area to pumps that remove high water volumes in flooded area. You report directly to the CFO. Your boss has asked you to calculate HydroTech’s WAAC in preparation for an executive retreat. Too bad, you are not invited, as water pumps and skiing are on the agenda in Sun Valley, Idaho. At least you have an analyst on hand to gather the following required information: 1. The risk-free rate of interest, in this case, the yield†¦show more content†¦3. Calculate the cost of equity capital using the CAPM, assuming a market risk premium of 5%. Using CAPM: Risk Free Rate = 6%; Market Risk Premium = 5%; Beta = 1.2 Cost of Equity = Risk Free Rate + Equity Beta * Market Risk Premium Cost of Equity = 6% + 1.2 * 5% Cost of Equity = 0.06 + 1.2 * 0.05 Cost of Equity = .12 Cost of Equity = 12% HydroTech’s cost of equity using CAPM is 12%. 4. Using a tax rate of 35%, calculate HydroTech’s effective cost of debt capital. Cost of Debt = 7%; Tax Rate = 35% Effective cost of debt capital = Cost of debt * (1 - tax rate) Effective Cost of Debt Capital = 7% * (1 – 35%) Effective Cost of Debt Capital = 0.07 * (1 – 0.35) Effective Cost of Debt Capital = 0.07 * (0.65) Effective Cost of Debt Capital = 0.0455 Effective Cost of Debt Capital = 4.55% HydroTech’s Cost of Debt Capital is 4.55%. 5. Calculate HydroTech’s WACC Weight of Equity = 71%; Equity Cost of Capital = 12%; Weight of Debt = 29%; Debt Cost of Capital = 4.55% WACC = (Weight of Equity * Equity Cost of Capital) + (Weight of Debt * Debt Cost of Capital) WACC = (71% * 12%) + (29% * 4.55%) WACC = (0.71 * 0.12) + (0.29 * 0.0455) WACC = 0.0852 + 0.013195 WACC = 0.098395 WACC = 9.8395% HydroTech’s WACC is 9.8395%. 6. When is it appropriate to use this WACC to evaluate a new project? WACC is the weighted average cost of capital and provides firms with the idea of the proportion of debt

Descriptive Essay - Original Writing Essay - 983 Words

He caressed my face tenderly. â€Å"I don t want you to feel uncomfortable in your own home. There is no reason for me to be here. It is better this way. I murmured sadly. Angrily, he pushed me down the carpet and between gritted teeth said, You are not moving out today. There is no rush for you to move. He said and kissed me again ardently. Moving on top of me, he kissed me eagerly and before I could form a clear thought he was grabbing my breast, and he pulling my nipples painfully. Not caring for my discomfort, he slid down to my breast and sucked them hard. I attempted to push him away, but his hold on me was too strong. He shoved two fingers in my sex forcefully. The sensation was not pleasant. Frozen in place, I emptied my mind, wanting him to stop, but unable to utter a word. I did not recognize the man before me. His erection was visible. He kissed me and bit my lips drawing blood. Knowing I needed to stop him, I pushed hard against his chest attempting to roll him off me, but he grabbed both of my hands and forced them over my head, gripping them with one hand and grabbing his shaft with the other to position it in front of my entrance. I knew what was coming next. Spreading my legs forcefully, he slammed inside me, balls-deep, causing me to scream. I quickly realized what he was doing. He was making me feel his pain. Showing me how he was feeling. A tear fell down my temple as I closed my eyes. If this was our goodbye, I refusedShow MoreRelatedDescriptive Essay - Original Writing1110 Words   |  5 PagesI don’t know how I got to where I am, but I’m here now, and I have to win if I want to live. I am in a game, and in order to live, I have to escape. That’s the thing, though: I don’t know how to escape. I was running for my life around this old house that looked like it came straight out of a horror movie. I doubled over and held my head in pain as I saw the static, which meant it was coming. I was being chased by what looked like a person but in no way acted like one. Just as it was about to appearRead MoreDescriptive Essay - Original Writing1102 Words   |  5 PagesIt is on days like this when we stop to think about our life. Small drops of rain begin to dapple the cobblestone pavement as people whip out their umbrellas for cover. I continue sauntering down the busy street, relishing the feelin g of a light shower. Moving with the mass of pedestrians, I stop at a crosswalk where I wait for the stoplight to turn green. A flower shop employee across the street scurries to bring in the numerous bouquets and close the doors as rain starts rolling down the displayRead MoreDescriptive Essay - Original Writing914 Words   |  4 PagesDreamy I thought. Standing on the corner is a young guy with a smile. I see him here almost every day, so I linger for a while. 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You must have had fathomed that some degree of formality had seeped between us. Born of habit, formulaic greetings had become a routine. You presume that I’m a close friendRead MoreDescriptive Essay - Original Writing1387 Words   |  6 PagesI was wearing a beautiful blue dress with sapphire gems all around the chest area as I entered the ball with Ciel and Sebastian. I took a good look around here, the hallway was lined with gold. There was a servant ready to escort us to the ball room. Hello, come this way. He said, walking forward. Wow, this place is so fancy! I exclaimed, looking around. It s fake gold. Ciel bluntly replied, bringing my hopes down. I sighed. Ciel sounded like he wasn t in a very good mood. Ciel, lightenRead MoreDescriptive Essay - Original Writing1287 Words   |  6 Pages In the morning, Caireann woke me up. She stood above my bed, shaking my shoulder. I opened my eyes, looking at her. Then I looked across the room to her empty bed. Andy s empty bed sat in the corner. I swallowed, climbing out of bed. Sleep well? Caireann asked me, starting out the door. Yeah, I said, going over to our small dresser. I had the bottom two drawers. Andy had the middle two, and Caireann had the top. I pulled open the drawers, pulling on a colorful tank top and a grayRead MoreDescriptive Essay - Original Writing1345 Words   |  6 PagesLater that night, I was behind the wheel of my G-Wagon with Melissa in the passenger seat. She didn’t feel like driving since she was on the road all day and I understood so I didn’t mind when she asked me to. I had been tight-lipped. She kept eyeballing me as if she detected that something was bothering me but I just kept singing to my India Arie as if I was carefree. â€Å"So are you going to tell me what’s going on or no† Melissa said disrupting my own personal concert. 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Bipolar Disorder Cause of Great Madness or Great Essay Example For Students

Bipolar Disorder: Cause of Great Madness or Great Essay Genius? Is bipolar disorder the cause of great madness or great genius? The symptoms of this mental illness may also be considered as the driving forces behind some of the most gifted and talented people to grace our society. Although individuals with this illness may have some obstacles to overcome, it can be accomplished. With all of the treatment programs that are widely available, people have many options and methods to turn to for help. Bipolar disorder, also referred to as manic depression, is a mood disorder. A person with bipolar disorder will have extreme mood shifts between mania, a state of highly elevated euphoric feelings, and depression, a state of despondency and despair. These shifts can take weeks, days, or even minutes to happen. The period between shifts will vary for each individual, depending on the severity of the disorder (Williams Wilkins, 1999, pp. 5-35). Approximately two percent of adults have this mental illness, and about fifteen percent of those adults will attempt suicide. Bipolar disorder affects both men and women and the affected rates are similar between different cultures and countries. Most people with bipolar disorder experience their first mood episode in their twenties, although it is not uncommon to experience the first episode during childhood or in late life (Bi-polar Disorder: Innovative Research in Health, 2000). Bipolar disorder is not a curable disorder, although it is treatable. Bipolar is among the most treatable of the psychiatric illnesses (Manic-Depressive/Bipolar Disorder, 2000). It is important for people who believe that they may need help to seek it as soon as possible because the earlier that bipolar disorder can be diagnosed the earlier treatments can start. Even after experiencing an episode, even after sensing that something may be wrong, individuals who seek help may not initially receive the correct diagnosis from a medical professional. Because of the similarity of symptoms, bipolar disorder may initially be misdiagnosed as panic disorder, schizophrenia, or attention deficit disorder (Bi-polar Disorder: Innovative Research in Health, 2000). Bipolar may also be difficult to diagnose because the person seeking help may not be telling the doctor everything the doctor needs to know to correctly identify the problem. Medical professionals may only diagnose a person as having depression because they have no knowledge of the excessive enthusiasm that the patient feels. It is important for individuals seeking medical help to be accurate and thorough in describing their feelings or symptoms (Manic-Depressive/Bipolar Disorder, 2000). A person experiencing a manic episode may have increased energy and/or racing thoughts. Feelings of euphoria and/or an increased pressure to talk may also be symptoms. A person in this stage of the illness may have uncharacteristically poor judgement and/or may be involved in some type of high-risk behavior, such as uncontrollable spending sprees, habitual reckless driving and/or participating in unusual sexual encounters and behaviors. Usually the individual denies that anything is wrong when in a manic state (Manic-Depressive/Bipolar Disorder, 2000). A person experiencing the depression state of bipolar disorder may have feelings of worthlessness and/or guilt. Decreased energy and/or loss of interest in once pleasurable activities may also be symptoms of clinical depression. A depressed person may have trouble concentrating and/or have trouble making decisions. Depression may also leave individuals contemplating suicide (Manic-Depressive/Bipolar Disorder, 2000). There are two classifications for bipolar disorder, bipolar II and bipolar I (Williams Wilkins, 1999, pp. 5-35). The combination and degree of mania and depression determine the type of bipolar illness. It is also determined by how long each stage lasts and the time frame of euthymia, having normal moods, between stages. The cycling of stages may overlap, which is referred to as a mixed episode. The diagnostic system that is currently being used by mental health professionals is the Diagnostic and Statistical Manual of Mental Disorders volume four, also known as DSM-IV (Manic- Depressive/Bipolar Disorder, 2000). Gender Roles In Gilgamesh EssayA patient diagnosed as having bipolar II disorder has or has had at least one episode of major depression and is experiencing or has experienced one or more episodes of hypomania. Hypomanic episodes have the same symptoms of mania only to a lesser degree. It is important for treatment to start now, to attempt the disorder from developing into .

The United States Government and its Power an Example of the Topic Government and Law Essays by

â€Å"The United States Government and its Power: Legislative, Judiciary and Executive† Government is an authority that acts on behalf of a group of people. It is needed for many reasons. A government protects and makes decisions for the country. It regulates things to make sure it is a good place to live. Governments differ between countries in the way rulers are chosen and in the amount of power held by the people (Gove 1998). Government makes it possible for large groups of people to live and work together. The government performs many services such as the armed services (protection), transportation services (roads, highways), education and the money system. The government also set the rules and laws for the people (Gove 1998). The Constitution of the United States is a written document that is the supreme law of the United States. It became effective in 1789. The Constitution of the United States is a document that explains the way the country is to be ruled. The six goals stated in the preamble are: To form a more perfect union, to establish justice, to insure dom estic tranquility, to promote general welfare, provide for the common defense and secure the blessings of our liberty (Gove 1998). Need essay sample on "The United States Government and its Power: Legislative, Judiciary and Executive" topic? We will write a custom essay sample specifically for you Proceed The United States is a Federal Government. It has three branches: the legislative, the executive and the judicial. The Government power and functions in the United States lies in these three branches of the United States Government System. Article I of the Constitution defines the legislative branch and vests power to legislate in the Congress of the United States. The executive powers of the President are defined in Article 2. Article 3 places judicial power in the hands of one Supreme Court and inferior courts as Congress sees necessary to establish. Through this system where power is separated, each branch operates independently of the others. However, there are built-in "checks and balances" to prevent tyrannous concentration of power in any of the branches and to protect the rights and liberties of the citizens. Each branch is given certain control over the other two, which balances the power and keeps the potential for abuse of power in check (Chen 1997). For example, the Presi dent can veto bills approved by Congress and the President nominates individuals to serve in the Federal judiciary; the Supreme Court can declare a law enacted by Congress or an action by the President unconstitutional; and Congress can impeach the President and Federal court justices and judges (Bran 2007). Each of these branches has some authority to act on its own, some authority to regulate the other two branches, and has some of its own authority, in turn, regulated by the other branches. In addition, the powers of the federal government as a whole are limited by the Constitution, which leaves a great deal of authority to the individual states (Fede 2008). The executive branch of the Government is responsible for enforcing the laws of the land (Bran 2007). The executive branch of Government makes sure that the laws of the United States are obeyed (Thet 2008). The Executive Branch of the Government has the President, Vice President, and all the cabinet members (Exec 2008). The President of the United States is the head of the executive branch of government (Thet 2008). Although power is often delegated to his/her Cabinet members and other officials, all executive power in the federal government is vested in the President of the United States (Fede 2008). The President is allowed to pass or veto a bill that the legislature sends him (Exec 2008). This branch is very large so the President gets help from the Vice President, department heads (Cabinet members), and heads of independent agencies (Thet 2008). The United States Congress is the legislative branch of the federal government (Fede 2008). The Legislative branch, writes laws on a bill. So they can be sent to the senator then to the Representatives and finally to the President. Who can veto or sign it (Legi 2008). The legislative branch of government is made up of the Congress and government agencies, such as the Government Printing Office and Library of Congress that provide assistance to and support services for the Congress (Thet 2008). It is bicameral, comprising the House of Representatives and the Senate (Fede 2008). There are 435 Representatives, each of whom represents a congressional district and serves for a two-year term (Thet 2008), and 100 Senators all together there are 535 members of Congress (Legi 2008). The number of representatives is determined by each state's population. Each member represents an area of the state, known as a congressional district. The number of representatives is based on the number of districts in a state. Therefore, states with larger populations have more representation than states with smaller populations (Chen 1997). However, the consent of both chambers is required to make any law. The powers of Congress are limi ted to those enumerated in the Constitution; all other powers are reserved to the states and the people. The Constitution also includes the "necessary-and-proper clause", which grants Congress the power to "make all laws which shall be necessary and proper for carrying into execution the foregoing powers." Members of the House and Senate are elected by first-past-the-post voting in every state except Louisiana and Washington, which have runoffs (Fede 2008). Article I of the Constitution established this branch and gave Congress the power to make laws. Congress has two parts, the House of Representatives and the Senate (Thet 2008). The role of the judicial branch is to interpret the nation's laws (Chen 1997). The judicial branch of government is made up of the court system (Thet 2008). It consists of two separate levels of courts: state courts and federal courts. The type of court that a case is tried in depends on the law that was allegedly violated. Most of the laws that govern our day-to-day living are state laws. Violations of federal law include offenses involving federal government employees, crimes committed across state lines (for example, kidnapping or evading arrest), and fraud involving the national government (such as income tax or postal fraud) (Chen 1997). The Supreme Court is the highest court in the land. Article III of the Constitution established this Court and all other Federal courts were created by Congress. Courts decide arguments about the meaning of laws, how they are applied, and whether they break the rules of the Constitution (Thet 2008). The Judiciary explains and applies the laws. This branch does this by hearing and eventually making decisions on various legal cases. There are three different kinds of courts found in the federal court system. The lowest level is the district courts. The 2nd level is the court of appeals. The top level is the Supreme Court (Judi 2008). The judicial power extends to cases arising under the Constitution, an Act of Congress, or a U.S. treaty; cases affecting ambassadors, ministers, and consuls of foreign countries in the U.S.; controversies in which the U.S. government is a party; controversies between states (or their citizens) and foreign nations (or their citizens or subjects); and bankruptcy cases. The Eleventh Amendment was removed from federal jurisdiction cases in which citizens of one state were the plaintiffs and the government of another s tate was the defendant. It did not disturb federal jurisdiction in cases in which a state government is a plaintiff and a citizen of another state is the defendant (Fede 2008). Thomas Jefferson said to James Madison "To make us one nation as to foreign concerns, and keep us distinct in domestic ones, gives the outline of the proper division of powers between the general and particular governments. But, to enable the federal head to exercise the powers given it to best advantage, it should be organized as the particular ones are, into legislative, executive, and judiciary". These words of Thomas Jefferson tells us that every country needs power divided with each have distinct responsibilities (Coates 1999). The principle of separation of powers applies not only to the Federal and State governments, but also to the three branches of the government. When this separation is properly respected, no single branch can gather sufficient power to itself that will allow it to exercise despotic control over the whole nation (Coates 1999). In my point of view, the writers of the Constitution did a very great job of separating the power of each branches of the government. The Federal system limits the power of each branch that for me I believe will be very complicated if each branches has unlimited power because the person in the top most position of each might exercise abuse of power. Reference: Branches of Government. Bens Guide to US Government for kids. 30 January 2007. The Three Branches of American Government. C.2008. Executive Branch. The Palese Web Team. C. 2008. Legislative Branch. The Palese Web Team. C. 2008. Chen, David. Three Branches of Government. VoteUtah. 1997. Federal Government of the United States. Wikipedia. 28 April 2008. Coates, Elyer Robert Sr. Separation of Powers:Legislative, Executive and Judicial. Thomas Jefferson on Politics C.1999. Government The American Government. ThinkQuest team. 1998.