Deer Valley Lodge Project Essay Example for Free

Deer Valley Lodge Project Essay The purpose of this unit 5 individual project is to take into consideration the revamping project associated with Deer Valley Lodge. The ski resort has made plans to add to the already sprawling location and wish to determine whether based on tax and cost information, if the new improvements are of an advantage or a disadvantage to the company as a whole. ? Deer Valley Lodge Deer Valley Lodge is a ski resort that has plans to add five new chairlifts to their site. The costs/interest to the company per chairlift is as follows: †¢Lift Costs $2 Million †¢Preparation of slope and installation costs $1. 3 Million †¢300 additional skiers if built †¢ONLY 40 days a year when the extra room for skiers will be needed. †¢New lifts will cost $500. 00 per day for 200 days †¢Tickets cost $55. 00 per day †¢New lift has an economic life of 20 years The above figures are very important when taking into prospective the planning and implementation of the planning for future extensions. Based on this knowledge, this exercise will call for explanation of the following information in this paper: 1. Assume that the before-tax required rate of return for Deer Valley is 14%. Compute the before-tax NPV of the new lift and advise the managers of Deer Valley about whether adding the lift will be a profitable investment. Show calculations to support your answer. 2. Assume that the after-tax required rate of return for Deer Valley is 8%, the income tax rate is 40%, and the MACRS recovery period is 10 years. Compute the after-tax NPV of the new lift and advise the managers of Deer Valley about whether adding the lift will be a profitable investment. Show calculations to support your answer. 3. What subjective factors would affect the investment decision? Computing Revenue and Cost Based on the previously listed figures it is safe to assume that the below figures will show the appropriate yield given the costs associated with the building of the new lift. Figuring the Incremental revenue and cost is of importance to complete this exercise. Incremental Revenue: $55. 00 per day (X) multiplied by the extra intended tickets which is 300 (X) then multiplied by the intended 40 day usage brings the total revenue cost to 660,000. 00, while Incremental cost is the lift costs of $500/per day multiplied by the total amount of days in service which is 200, which will bring the cost to 100,000. Then you take into prospective the Profit which is the difference of the Incremental revenue and the Incremental costs which in turn is 560,000. If this is the case then it is understood that the before-tax cash flow is as follows: 1. Initial year: 3,300,000 2. Every year after: 560,000 These figures are important when determining the factors that will suggest that the building of the new lift is of the utmost importance. Computing the before-tax NPV of the new lift: Will it be profitable Due to the NPV being a positive number listed in the above calculations it is my belief and will be the advantage of the company in question to go ahead with the project and expect a great return for their efforts.

Human Relationships-Frankenstein Essay -- Literary Analysis, Mary Shel

Mary Shelly’s Frankenstein is book about the importance of human relationships and treating everyone with dignity and respect. The main character of the book is Victor Frankenstein who is a very intelligent man with a desire to create life in another being. After he completes his creation, he is horrified to find that what he has created is a monster. The monster is the ugliest, most disgusting creature that he has ever seen. Victor being sickened by his creation allows the monster to run off and become all alone in the world. Throughout Frankenstein, Mary Shelley uses the theme of human relationships to illustrate the bond that man has with other beings and the need for love and affection. The importance of human relationships is shown throughout the book in many ways. Victor’s mother says to him, â€Å"I have a pretty present for my Victor—tomorrow he shall have it†(18).Victor is very excited that he has such a precious gift that will always be his. They become very close and refer to each other as cousins. However, there is a deeper a relationship between the two, and Victor vows to always protect and take of the girl whose name is Elizabeth. Mary Shelley uses this quote to explain how special Elizabeth is to Victor and that she is gift sent to him. Victor’s mother reinforces this again when she says to Victor and Elizabeth, â€Å"My children, my firmest hopes of future happiness were placed on the prospect of your union. This expectation will now be the consolation of your father. Elizabeth, my love, you must supply my place to my younger children. Alas! I regret that I am taken from you; and, happy and beloved as I have been, is it not hard to quit you all? But these are not thoughts befitting me; I will endeavour to resign... ...e seeking help and strength to take care of problems in their lives. Victor Frankenstein is a man with a loving and caring family. Family and friends are an important part of his life. He has his whole life in front of him, when creates his monster. He creates the monster in the likeness of man with same need of love and affection as man. Although, this is his creation, he lets the monster down and does not care for him. The monster begins to feel neglected and lonely and wants desperately to have a human relationship. The monster turns angry and revengeful because he is so sad and abandoned. He wants Victor to feel the way that he does, all alone. The monster succeeds and Victor ends up losing all the important in his life and his own life. In the end, the monster dies and the need for human relationship becomes the destruction for both the monster and Victor.

Four Approaches to Information Technology Infrastructure Investment

FOUR APPROACHES TO INFORMATION TECHNOLOGY INFRASTRUCTURE INVESTMENT Presented by: Kemeasoudei Fanama (u0856287) WHAT IS INFORMATION TECHNOLOGY? Information technology is defined as the study, design, development, implementation, support or management of computer- based information systems, particularly software applications and computer hardware. IT deals with the use of electronic computers and computer software to convert, store, transmit, process, protect and securely retrieve information. APPROACHES TO INFORMATION TECHNOLOGY INFRASTRUCTURE INVESTMENT 1.Fundamental Approach: The basic tenets of the fundamental approach, which is perhaps most commonly advocated by investment professionals, are as follows: There is an intrinsic value of a security and this depends upon underlying economic (fundamental) factors. The intrinsic value can be established by a penetrating analysis of the fundamental factors relating to the company, industry, and economy. At any given point of time, there are some securities for which the prevailing market price would differ from the intrinsic value.Sooner or later, of course, the market price would fall in line with the intrinsic value. ? ? ? Superior returns can be earned by buying under-valued securities (securities whose intrinsic value exceeds the market price) and selling over-valued securities (securities whose intrinsic value is less than the market price). APPROACHES TO INFORMATION TECHNOLOGY INFRASTRUCTURE INVESTMENT (continued) 2. Psychological Approach: The psychological approach is based on the premise that stock prices are guided by emotion, rather than reason.Stock prices are believed to be influenced by the psychological mood of the investors. When greed and euphoria sweep the market, prices rise to dizzy heights. On the other hand, when fear and despair envelop the market, prices fall to abysmally low levels. Since psychic values appear to be more important than intrinsic values, the psychological approach suggests t hat it is more profitable to analyse how investors tend to behave as the market is swept by waves of optimism and pessimism which seem to alternate. The psychological approach has been described vividly as the ‘castles-in-air’ theory by Burton G.Malkiel. Those who subscribe to the psychological approach or the ‘castles-in-the-air’ theory generally use some form of technical analysis which is concerned with a study of internal market data, with a view to developing trading rules aimed at profit-making. The basic premise of technical analysis is that there are certain persistent and recurring patterns of price movements, which can be discerned by analysing market data. Technical analysts use a variety of tools like bar chart, point and figure chart, moving average analysis, breadth of market analysis, etc.APPROACHES TO INFORMATION TECHNOLOGY INFRASTRUCTURE INVESTMENT (continued) 3. Academic Approach: Over the last five decades or so, the academic community ha s studied various aspects of the capital market, particularly in the advanced countries, with the help of fairly sophisticated methods of investigation. While there are many unresolved issues and controversies stemming from studies pointing in different directions, there appears to be substantial support for the following tenets. Stock markets are reasonably efficient in reacting quickly and rationally to the flow of information.Hence, stock prices reflect intrinsic value fairly well. Put differently: Market price = Intrinsic value Stock price behaviour corresponds to a random walk. This means that successive price changes are independent. As a result, past price behaviour cannot be used to predict future price behaviour. In the capital market, there is a positive relationship between risk and return. More specifically, the expected return from a security is linearly related to its systematic risk. Stock price behaviour corresponds to a random walk. This means that successive price changes are independent.As a result, past price behaviour cannot be used to predict future price behaviour. In the capital market, there is a positive relationship between risk and return. More specifically, the expected return from a security is linearly related to its systematic risk APPROACHES TO INFORMATION TECHNOLOGY INFRASTRUCTURE INVESTMENT (continued) 4. ? Eclectic Approach: The eclectic approach draws on all the three different approaches discussed above. The basic premises of the eclectic approach are as follows: Fundamental analysis is helpful in establishing basic standards and benchmarks.However, since there are uncertainties associated with fundamental analysis, exclusive reliance on fundamental analysis should be avoided. Equally important, excessive refinement and complexity in fundamental analysis must be viewed with caution. ? Technical analysis is useful in broadly gauging the prevailing mood of investors and the relative strengths of supply and demand forces. How ever, since the mood of investors can vary unpredictably excessive reliance on technical indicators can be hazardous.More important, complicated technical systems should ordinarily be regarded as suspect because they often represent figments of imagination rather than tools of proven usefulness. The market is neither as well ordered as the academic approach suggests, nor as speculative as the psychological approach indicates. While it is characterised by some inefficiencies and imperfections, it seems to react reasonably efficiently and rationally to the flow of information. Likewise, despite many instances of mispriced securities, there appears to be a fairly strong correlation between risk and return. ? THANK YOU!!!

Pericles Funeral Oration - Thucydides Version

Pericles funeral oration is a speech written by Thucydides for his history of the Peloponnesian War. Pericles delivers the oration not only to bury the dead, but to praise democracy. Pericles, a great supporter of democracy, was a Greek leader and statesman during the Peloponnesian War. He was so important for Athens that his name defines the age -- Periclean (The Age of Pericles), a period when Athens rebuilt what had been destroyed during the recent war with Persia (the Greco-Persian or Persian Wars). The people of Athens, including those from the countryside whose land was being pillaged by their enemies, were kept in crowded conditions within the walls of Athens. Near the start of the Peloponnesian War, a plague swept the city. We dont know for sure what the plague disease was. A recent best guess is Typhoid Fever. At any rate, Pericles succumbed to and died from this plague. [Thucydides on the Plague] Prior to the plagues devastation, Athenians were already dying as a result of the war. Pericles delivered a rousing speech lauding democracy on the occasion of funerals, shortly after the start of the war. Thucydides fervently supported Pericles  but was less enthusiastic about the institution of democracy. Under the hands of Pericles, Thucydides thought democracy could be controlled, but without him, it could be dangerous. Despite Thucydides attitude towards democracy, the speech he puts in Pericles mouth supports the democratic form of government. Thucydides, who wrote his Periclean speech for his History of the Peloponnesian War, readily admits his speeches are only loosely based on memory so shouldnt be taken as a verbatim report. In the speech, Pericles says: Democracy allows men to advance because of merit instead of wealth or inherited class.In a democracy, citizens behave lawfully while doing what they like without fear of prying eyes.In a democracy, there is equal justice for all in private disputes. This closely resembles the official attitude of those modern nations that favor democracy. Thucydides writes: Our constitution does not copy the laws of neighbouring states; we are rather a pattern to others than imitators ourselves. Its administration favours the many instead of the few; this is why it is called a democracy. If we look to the laws, they afford equal justice to all in their private differences; if no social standing, advancement in public life falls to reputation for capacity, class considerations not being allowed to interfere with merit; nor again does poverty bar the way, if a man is able to serve the state, he is not hindered by the obscurity of his condition. The freedom which we enjoy in our government extends also to our ordinary life. There, far from exercising a jealous surveillance over each other, we do not feel called upon to be angry with our neighbour for doing what he likes, or even to indulge in those injurious looks which cannot fail to be offensive, although they inflict no positive penalty. But all this ease in our private relations does not make us lawle ss as citizens. Against this fear is our chief safeguard, teaching us to obey the magistrates and the laws, particularly such as regard the protection of the injured, whether they are actually on the statute book, or belong to that code which, although unwritten, yet cannot be broken without acknowledged disgrace. Source:Pericles Funeral Oration Features on Democracy in Ancient Greece and the Rise of Democracy Ancient Writers on Democracy AristotleThucydides via Pericles Funeral OrationPlatos ProtagorasAeschinesIsocratesHerodotus Compares Democracy With Oligarchy and MonarchyPseudo-Xenophon