Mid term paper Essay Example

Mid term paper Essay Example Mid term paper Essay Mid term paper Essay PEPS to be bubbled means increase in PEPS required is 100%. DC = 2 means, 1% change in Sales brings 2% change in PEPS. Hence, to bring 100% increase in PEPS, sales need to increase by I. E. By RSI 215,000. C. By how much the Sales should be increased, if BIT is to be tripled ? Measure of leverage that links BIT with Sales is DOLL. DOLL is 1. 869 in this case. BIT change in Sales brings 1. 869 % change in PEPS. Hence, to bring 200% increase in PEPS, sales need to increase by 107% I. E. By RSI 890100. D. What would be the impact of increasing fixed cost proportion in cost structure of the firm on the operating leverage ? Show demonstration. And also show what would be the percentage increased required in sales to double the PEPS. [2+3] Fixed cost proportion in cost structure is linked with operating leverage. Higher the fixed cost proportion in cost structure, higher will be the operating leverage. Show one example of it. 9. Answer the followings: a) What are the factors to be taken into consideration by Finance Manager in order to maximize the wealth of shareholders ? Explain with examples. B) What is agency problem and agency cost ? What can be the ways to prevent agency costs in a profit making company ? Section C The question carries 25 marks. 10. As an investment advisor, you have been approached by a client called Peter for advice on his investment plan. He is 30 years old and has RSI. 300,OHO in his bank. He plans to work for 20 years and retire at the age of 50, so that he can pursue his hobbies and travel widely in his post-retirement period. His present salary is RSI. 600,000 per year. He expects his salary to increase at the rate of 12 percent per year until his retirement. Peter has decided to invest his bank balance and future savings in a balanced mutual fund scheme which he believes will provide a return of 10 percent per year. You concur with his assessment. Peter seeks your help in answering several questions given below. In answering these questions, ignore the tax factor. (I) Once he retires at the age of 50, he would like to withdraw RSI. 1,000,000 per year for his consumption needs for the following 30 years (His life expectancy is 80 years). Each annual withdrawal will be made at the beginning of the year. How much should be the value of his investments be when he turns 50, to meet his retirement need? Withdraw RSI. 1,OHO, 000 per year from the beginning of the 21st year for a period of 30 years? Assume that the savings will occur at the end of each year. Remember that he already has some bank balance. ( Approximate it to the nearest 000) [10] Peter needs 10,369,700 when he reaches the age of 50. His bank balance of RSI 300,000 will grow to: 300,000 (1 . 10)20 = (ill) Suppose Peter wants to donate RSI. 800,OHO per year in the last 10 years of his life to a charitable cause. Each donation would be made at the beginning of the year. Further, he wants to bequeath RSI. 3,000,000 to his son at the end of his life. How much should he have in his investment account when he reaches the age of 50 to meet this need for donation and bequeathing? (Approximate it to the nearest 000. 10] One more question: Peter wants to find out the present value of his lifetime salary income. For the sake of simplicity, assume that his current salary of RSI 600,000 will be paid exactly a year from now, and his salary is paid annually. What is the present value of his lifetime salary income, if the discount rate applicable to the same is 8 percent? Remember that P eter expects his salary to increase at the rate of 12 percent per year until retirement. [This is the case of Growing Annuity Finite Time. The formula and example of such case can be seen in the lecture slide of time value of money]

Definition and Examples of Verbal Paradox

Definition and Examples of Verbal Paradox Definition A verbal paradox is a  figure of speech in which a seemingly self-contradictory statement is nevertheless foundin some senseto be true. Also called a  paradoxical statement. In  A Dictionary of Literary Devices (1991),  Bernard Marie Dupriez defines verbal paradox as an assertion which runs counter to received opinion, and whose very formulation contradicts current ideas.   Irish author Oscar Wilde (1854-1900) was a master of the verbal paradox. He once said, Life is much too important to be taken seriously. See Examples and Observations below. also: ParadoxContradictory PremisesEnantiosisOxymoron Examples and Observations The old verbal paradox still holds tree, that blackberries are green when they are red.(Ezra Brainerd, The Blackberries of New England. Rhodora, Feb. 1900) It is the wonderful paradox . . . that the best way to achieve happiness for oneself is to give happiness to others.†(David Michie, The Dalai Lamas Cat. Hay House, 2012) Paradoxes of G.K. Chesterton- It is so easy to be solemn; it is so hard to be frivolous. . . .These articles have another disadvantage arising from the scurry in which they were written; they are too long-winded and elaborate. One of the great disadvantages of hurry is that it takes such a long time.(G.K. Chesterton, The Case for the Ephemeral. All Things Considered, 1908)- There is nothing that fails like success.(G.K. Chesterton, Heretics, 1905)- It is of the new things that men tireof fashions and proposals and improvements and change. It is the old things that startle and intoxicate. It is the old things that are young.(G.K. Chesterton, The Napoleon of Notting Hill, 1904)- The object of verbal paradox, then, is persuasion, and its principle is the inadequacy of words to thoughts, unless they be very careful ly chosen words.(Hugh Kenner, Paradox in Chesterton. Sheed, 1948) Paradoxes of Oscar Wilde- Lord Caversham: I dont know how you stand society. A lot of damned nobodies talking about nothing.Lord Arthur Goring: I love talking about nothing, Father. Its the only thing I know anything about.Lord Caversham: That is a paradox, sir. I hate paradoxes.(Oscar Wilde, An Ideal Husband, 1895)- If one tells the truth, one is sure, sooner or later, to be found out.(Oscar Wilde, The Chameleon, 1894)- Cyril: But you dont mean to say that you seriously believe that Life imitates Art, that Life in fact is the mirror, and Art the reality?Vivian: Certainly I do. Paradox though it may seemand paradoxes are always dangerous thingsit is nonetheless true that Life imitates Art far more than Art imitates Life.(Oscar Wilde, The Decay of Lying. Intentions, 1891) More Verbal Paradoxes Man is born free, and everywhere he is in chains.(Jean-Jacques Rousseau, The Social Contract, 1762)â€Å"Im an atheist, thank God.†(Luis Buà ±uel)- Much is published, but little printed.(Henry David Thoreau, Walden, 1854)- Of course, what [Thoreau is] saying here is that with all of the flood of publishing, virtually none of it is ever imprintednone of it ever makes a difference.(Donald Harrington, quoted by Paul A. Doyle in Henry David Thoreau: Studies and Commentaries. Associated University Presses, 1972)[W]hereas a world rises to fall, a spirit descends to ascend.(E. E. Cummings, I: Six Nonlectures. Harvard Univ. Press, 1953)Most marriages recognize this paradox: Passion destroys passion; we want what puts an end to wanting what we want.(attributed to John Fowles)This statement is false.(Greek philosopher Eubulides, The Liar Paradox or pseudomenon) Paradox itself is paradoxical; that is what makes it paradox. It cannot be reduced to lowest terms, only deferred. But neither is it ever present before our eyes; it is always in a state of deferral. . . .Paradox is the form taken within the world of representation by the conflict that representation was created to avoid.(Eric L. Gans, Signs of Paradox: Irony, Resentment, and Other Mimetic Structures. Stanford University Press, 1997)

A Secure Workflow for E-Government Application Essay

A Secure Workflow for E-Government Application - Essay Example Governmental agencies are providing services to their citizens and Foreign Companies via dedicated websites. Foreign users require services from the local department such as renewals of licenses and purchasing tenders. Providing a single secure portal that acts as a window to the various services is beneficial not only to these government agencies but also to their foreign customers. To get the full advantage of a workflow management system governmental agencies need a customized solution that fully corresponds to business and industry specifics. That is, a scalable platform for different tasks: This paper presents an approach for designing a secure workflow management system for e-Government portal, In section 2, we discuss some studies which are related to my research. In section 3, we briefly describe the overview of WFMS.The tools that will be used to improve the efficiency of workflow management systems in e-government portals and the advantages of utilizing these secure portals is presented in section 4. The onion routing technique is displayed in section 5and the methodology is discussed in section 6. Section 7&8 present the solution architecture and solution security, availability and scalability. We end this paper with section 9 that include future work and conclusion. Vijay Atluri from Rutgers University has claimed that Most of the commercial workflow systems provide minimal security features such as user authentication, Although some commercial WFMSs such as Flow Mark, Lotus Notes, and Chan engine can support role-based access control, they do not provide support to specify and enforce separation of duties constraints. They have to be implemented in an ad- hoc manner through a script type language [3].