The Influence Of Jazz Music - 2019 Words

Jazz is one of few purely American art forms. Its creation came out of the southern United States and the social conditions associated with the relationship between the white and African American communities there (Larson 1). African American musicians in particular were the key proponents in the development of jazz in the early 20th century. The creation and shaping of jazz music came from a combination of the musical styles of spirituals, the blues, ragtime, and Western European classical music (Larson 37-38). Although jazz originated from these four styles, defining jazz itself cannot be done so plainly. Since its origin, jazz has continued to progress and branch out into a wide variety of musical styles and genres. At its root, jazz is about the individual expression of the musician (Larson 2). John Coltrane was one of many musicians that used jazz as this medium. Through his early works in the bebop and hard bop styles to free form and more spiritual styled music later in his career, Coltrane pursued deeper expression from his music (Wikipedia). John Coltrane’s upbringing and early interest in music led to a successful career of highly innovative works that have left a lasting legacy and influence on the jazz community. John William Coltrane was born September 23, 1926 in Hamlet, North Carolina. His family moved to High Point, North Carolina shortly after his birth and would remain there throughout his childhood. Coltrane’s family embraced music and it became anShow MoreRelatedJazz Music And Its Influence On The Music3105 Words   |  13 Pages Jazz music as we know it today has evolved since the early twentieth century. Its’ evolution is due to the influence of many different players who have added their own styles, interpretations and techniques. Two masters of Jazz who have been a big influence on the music are cornet and trumpet player, Louis Armstrong, and piano player, band leader and arranger, Duke Ellington. Each came from different socio-economic and geographical backgrounds, but both became masters of their trade, reached worldwideRead MoreAmerica s Original Music Form : The Influence Of Jazz2552 Words   |  11 PagesAmerican Literature 1 April 2015 America’s Original Music Form: The Influence of Jazz The creation of jazz at face value is normally credited to the minorities in the United States, mainly the African Americans, but was modified and adapted to be culturally and socially acceptable to the middle and upper classes of white Americans. While the jazz movement was eventually dominated by the middle class white population in the US, the conception of this music form was influenced and inspired by African traditionsRead MoreBlues and Jazz Influence Paper1698 Words   |  7 Pages The Influence of 1920 Blues and Jazz on Modern Music Mark Carter The Influence of 1920 Blues and Jazz on Modern Music This paper is will try to show how the music that started with singing of old songs by the slaves to influences the music that the world listens to today. Shaping the music of Rock and Roll, Country and Western, and Easy Listening that influences every aspect of society’s everyday life are Blues and Jazz. In an interview many years ago on television, heard by thisRead MoreEssay on Ragtime and Blues Influence on Jazz1377 Words   |  6 PagesOctober 14, 2011 Seeing Ragtime and Blues as Parents of Jazz Jazz is a music genre that has complex characteristics and history of development and thus many musicians and scholars face troubles in defining what jazz is. In general, jazz is believed to have born in New Orleans. Jazz developed for the pleasure of the social dancers. According to the â€Å"Understanding Jazz: What Is Jazz?† of John F. Kennedy center for the Performing Arts, Jazz was created mainly by Afro-Americans, and had elements ofRead MoreIts All About Jazz Fusion807 Words   |  4 Pagesâ€Å"It’s All About Jazz Fusion† Of the jazz styles studied in this module, I prefer jazz-rock-fusion. I enjoy listening to this style of jazz because it creates a rock mood by its different melodies, complex rhythms, tones and harmonies. Jazz –fusion, â€Å"melds rock rhythms and the use of electronic instruments with collective improvisation† (Ferris). Jazz music in general is mostly improvised music, so its melody is an interesting element to its listeners. I feel that being a jazz musician has toRead MoreThe Ragtime And The Blues1184 Words   |  5 Pagesthe blues were essential and influential in their contributions to the development of jazz. Together, they served as the primary predecessors to the later, more complicated genre. Key elements from each brand are incorporated and mixed to create jazz. Without the creative geniuses of ragtime such as Scott Jopin and James Reese Europe and Blues propagators W.C. Hady and Robert Johnson, the distinctive genre of jazz would not have emerged. Ragtime and blues are both unique in their respective stylesRead MoreLouis Armstrong And Jazz Age1128 Words   |  5 PagesThe 1920s was known as the Jazz Age, Francis Scott Fitzgerald said â€Å"it was an age of miracles, it was an age of art, it was an age of excess, and it was an age of satire. Music also plays a big role in The Great Gatsby. One singer that was popular in the 1920s was Louis Armstrong he was known as the King of Jazz. Louis Armstrong was born on August 4, 1901 in New Orleans, Louisiana. Armstrong was born and raised in New Orleans he was the son of a prostitute and an absent father. Louis ArmstrongRead MoreAfrican Americans Influence On Music1229 Words   |  5 Pagesblack culture represented in most hip-hop; that is the dominating music genre that expresses African American views. It’s not so easy to remember where African Americans influence on music al began. Black influence on music today is really unrecognized but it’s important to bring to light just how much African Americans really have contributed to the sound, style, and feel of today’s music. Not just hip-hop or rap, but all kinds of music. There was one particular sound that really changed America andRead MoreMusic is an art that has been in this world for tens of thousands of years and has proven its900 Words   |  4 PagesMusic is an art that has been in this world for tens of thousands of years and has proven its abilities to bring people together and sometimes even make people happy. Although the jazz era ended almost a century ago, this time influenced by Louis Armstrong was a huge cultural shift that still remains in our society in which African-Americans are a vast part of our music industry amongst pop, rap, reggae, and more. Jazz was a unique form of music, there had never been anything like it before. ItRead MoreRagtime And Blues : The History And Their Influence On Jazz1581 Words   |  7 PagesRagtime and Blues: The History and Their Influence on Jazz In the city of New Orleans, from parades to clubs and from weddings to funerals, one element usually remained constant throughout all these events: the music that permeated the air. At most of these occasions, a band often performed as entertainment, providing many opportunities for musicians in the area to work. By the early 20th century, due to various factors such as mix of ethnicities and cultures with syncopated musical styles influenced

Sustainability - 4560 Words

Table of Contents Title Page (s) | Executive Summary | --------------------------------------------------------------------------- | 1 | Introduction | ------------------------------------------------------------------------------------- | 2 | Sustainability | ------------------------------------------------------------------------------------- | 3 | The Importance for managers to understand sustainability ---------------------------- | 4 ~ 5 | The influence of sustainability on organizational behavior ------------------------------ | 6 | Definition of Team†¦show more content†¦1.3 Limitations Due to word count limitation of 4,000 words for the team assignment, the authors were not able to cover all the views related to sustainability, team work and teambuilding. 1.4 Assumptions It was assumed that the organization does not have team work culture in place and the organization has the financial capability and means to implement all recommendations to build high performance teams suggested in this report. The leaders and managers mentioned in this report are the decision makers necessary for policy creation or improvement. Sustainability The universal definition of Sustainability, defined in the Brundtland Report back in 1987 and quoted by Mulder (2007) is â€Å"Development that meets the needs of the present without compromising the ability of future generations to meet their own needs†. In 1972, United Nations had its first Conference in Stockholm , where it discussed about the need for all member nations to have a common outlook based on common principles so as to inspire and guide the people of the world in the preservation and enhancement of the our environment (United Nations, 1972). Subsequent United Nation Conferences further discussed the development of sustainability and action plans in achieving the objectives. All these actions were in response to the industrial wastages, consumer and commercial waste and toxicity, depletion of non-renewable and renewable resources (Senge, Smith,Show MoreRelatedSustainability And The On Sustainability1016 Words   |  5 PagesSustainability â€Å"Sustainability refers to the long-term maintenance of brass according to environs al, economic and sociable considerations† (Crane Matten, 2010). Now a twenty-four hours, sustainability has become a part of our everyday lives or in business sector. There are some laws and policy that every business administration must follow the triple tail course also known as sustainability account. In triple bottom line, every brass must stress on three P’s namely profit / economy, people /societyRead MoreSustainability : Sustainability And Environmental Sustainability1625 Words   |  7 PagesSustainability is a topic that has become very important in recent years. Sustainability is defined as, â€Å"the ability to continue a defined behavior indefinitely.† (Finding and Resolving the Root Causes of the Sustainability Problem, 2014) There are three pillars that make up overall sustainability: social, economic, and environmental sustainability. Social sustainability focuses on all human needs being met and a society functioning properly indefinitely. Economic sustainability is achieving aRead MoreThe Sustainability, Economic Sustainability And Social Sustainability1861 Words   |  8 PagesSustainable and Sustainability are used to describe many different approaches for improving our life. Sustainability is about people and culture, our environment, jobs or countries. Could be defend as an ability or capacity of something to be maintained or to sustain itself. It s about taking what we need to live now. There is many departments of sustainability but the main are three environmental sustainability, economic sustainability and social sustainability. The term sustainability in a businessRead MoreThe Sustainability, Economic Sustainability And Social Sustainability1860 Words   |  8 PagesSustainable and Sustai nability are used to describe many different approaches for improving our life. Sustainability is about people and culture, our environment, jobs or countries. Could be defended as an ability or capacity of something to be maintained or to sustain itself. It s about taking what we need to live now. There is many departments of sustainability but the main are three environmental sustainability, economic sustainability and social sustainability. The term sustainability in a businessRead MoreSustainability : The Issue Of Sustainability1096 Words   |  5 PagesSustainability The issue of sustainability in today’s generation has developed as a result of a rapid and enormous population growth, growth in our world’s economy, and huge depletion of our natural resources. During the time of the Industrial Revolution our world population was around nine hundred million people. Since that time there has been an enormous growth in population, which in turn has placed a huge demand on our earth’s natural resources. By the year 2000 the earth’s population was sixRead MoreSustainability And Its Impact On Sustainability1169 Words   |  5 Pageswhat sustainability is? Sustainability could be defined as an ability or capacity of something to be maintained or to sustain itself. It’s about taking what we need to live now, without jeopardizing the potential for people in the future to meet their needs. If an activity is said to be sustainable, it should be able to continue forever. what sets it apart from simply â€Å"environmentalis m† or â€Å"environmental protection† Sustainability, in contrast to the environmentalism, represents the idea that humanRead MoreSustainability684 Words   |  3 Pagestoday’s global economy sustainability is very important; from the biological aspect to the industries they all play a role on the marine environment. As world population increases the demand of fish rises causing overfishing. Certain laws have been placed to limit the amount of wild fishing to reduce the risk of endangerment. To meet the demand of the population, fish farms are introduced. Pollution and health related issues are part of the challenges of fish farming. Sustainability also affects socialRead MoreSustainability And Development Of Sustainability1422 Words   |  6 PagesSustainability is the development to meet current needs without compromising the ability of future generations to meet their own needs (WCED, 1987). Today, sustainability is being incorporated into business strategie s, as organisations begin to adopt a sustainability strategy. This strategy is involving organisational operations to be sustainable, such as reducing pollution, each organisation identifies sustainability slightly differently and it is reflected in their strategy which is designed andRead MoreImpact Of Globalization On Sustainability And Sustainability1295 Words   |  6 PagesSustainability is one of the most discussed subjects at the present time. With global warming, increase in the population, clean water deficiency and shortage of food, people more and more thinking about how to make their life more sustainable. But what is sustainability? According to United Nations, â€Å"sustainability means meeting our own needs without compromising the ability of future generations to meet their own need.† To satisfy our needs we use natural resources as well as social and economicRead MoreSustainability And Its Impact On Sustainability Essay2015 Words   |  9 PagesSustainabili ty is a growing concern for many individuals and companies as resources are becoming increasingly limited, hazardous, and expensive. Over the last few years, more people have been informed about sustainable options, which have been easier to obtain and contribute to, as well as wanting to purchase more sustainable options from companies. Since the idea of sustainability is so broad, everyone can contribute in a way they feel is most beneficial. Whether individuals and companies are giving

Accounting Information in Decision Making Proces

Question: Discuss about the Accounting Information in Decision Making Proces. Answer: Introduction: It is described as a formal system for assembling data, then processing it so that it can be distributed then distributing it to the users. The main function is to assemble, store, and then process the data whether it is financial or accounting and then it produces reports or graphs so that the managers or third parties can use it for any reliable or needed information. Although an AIS can be a labour-intensive organisation, but most accounting information organisations are computer-oriented. AIS make sure that the controls are effectively placed so that correct records can be generated. It stores information that is beneficial for decision making counting reports .It uprights data from journal to ledgers and produce genuine or accurate information (Wiley, 2013). Role Of An Ais In The Value Chai N Of Manufacturing Organisation Accounting information system assemble, record, stock, and develop data to produce evidences for decision makers like the investors or the third parties. These can be termed as a set of components which are involved together to form a goal. Knowledge is simply a tool to generate, uphold, or improvise a system. It offer value and is a crucial part of value chain. It means making the price of the end component greater than the entirety of its parts. It just makes it faster and makes it more reliable and efficient. It gives better service, provides something, which is in short supply, gives us some advanced features and then at the end modifies it. Value means just adding a worth to it and it can be done through two activities mainly primary, which consists of operation, marketing, sales, and services. In addition, secondary like infrastructure, technology and purchasing. AIS creates good and reliable contacts with suppliers vendors, it delivers precise and timely material so that the f ive primarily value chain actions can be achieved more successfully and more resourcefully with proper conclusion making capabilities, increasing the distribution of knowledge. It increases the sustainability of supply chain and improves the quality of the products. The eventual goalmouth of any business is to create value to its cusomers. A business will only generates profits if the value that it generates is much more higher than the cost of producing it and AIS helps in creating it by managing the process effectively by creating a value These activities are occasionally referred to as line and staff events respectively. An administration value chain can be associated with the value chains of its consumers, contractors, suppliersand wholesalers. Information technology can actually give way to efficient effective to the activities that are being carried out (Li, 2014). Ais Assist With Decision Making In Contemporary Manufacturing Organisation The development in material system components all over the universe has made corporate associations to exert properties in this area if they are to compete positively between their local and distant colleagues. An accounting system is an important operative decision assembly devices of management as it gives an arranged procedure of gathering and systematising information about the various business communications and so that it may be used as an support to administration in operating the business. AIS help the top authorities and the managers to understand their tasks more unmistakably and give chances to diminish uncertainty before making their decisions. This system is vital to all organisations and very important even it is profit oriented or not(Grazia, n.d.). Everybody needs to maintain an Accounting Information System as no organisation is excluded from result making in his or her procedures. In current era, a new system has emerged that does not break at restrictions of facts and economic evidence, but also it contains data and detailed and measureable material, which is useful in decision making for users dissimilar with multiplicity and assortment. The AIS derives its foundation from the accounting information. AIS after collecting, storing gives us the result that gives as the exact information and it develops decision-making process. We can easily say that Accounting Information System is not an end in themself but a means to expiration. In other words, it can be said decision-making helps us in making the commercial and corporate information more good that leads to good performance of the company. Therefore, AIS provides us with the comprehensive and understandable accounting statistics or information, which becomes a basis for decision-making (Babatunde, 2013). Value Chain To Provide A Competative Advantage For A Manufacturing Organisation The ultimate objective of business is to produce value for the consumers. Value chain is a policy tool and is an original Porter concept used to analyse inner businesss accomplishments. Its duty is to see which activities are most efficient and valuable to the firm and it takes in to consideration as to which activities needs to be improves tie generate, find and develop competitive advantage. There are two types of competitive advantage Competitive advantage that comes from disparity giving some type of distinctive value to some customers. Competitive advantage that arises from having the cost guidance situation. The advantages are that the business done is better than the competitors are and done little bit different It creates benefits, which are not similar with lower cost. Competitive advantage cannot be assumed by looking at the firm as a whole. Designing, marketing, production, can only identify it. Each of this contributes a basis for variation. Value chain is divided in to two parts primary and support value activities. Primary activities consist of incoming logistics, procedures, outbound logistics, and marketing and after sale service. Whereas support activities consists of locating, technological procedures, resources and infrastructure. The crux of the value chain is that one recognizes how the business associates with competitors at a broader, large level. By talking to ex-employees, suppliers, consumers, we can create competitive benefit. There is no receiving away from the knowledge that competitive advantages and weaknesses moves from the activities someone does in business bu t one can only understand them and how they associated with each other by doing value chain analysis (Simister, 2011.). References Wiley, C. (2013). What are accounting information systems?. Retrieved 30 November 2016 from https://www.accountingedu.org/accounting-information-systems.html Babatunde, Y. (2013). Accounting Information System as an Aid to Decision Making. Retrieved 30 November 2016 from file:///C:/Users/com/Downloads/aus-29-152i03n9a3.pdf Simister, P. (2011). Using Value chain analysis to create competitive analysis. Retrieved 30 November 2016 https://www.differentiateyourbusiness.co.uk/using-value-chain-analysis-to-create-competitive-advantage Li, H. (201). Role played by AIS in Value chain. Retrieved 30 November 2016 from https://prezi.com/li-d4bfropuv/the-role-played-by-accounting-information-system-ais-in-an/ Grazia, Petroianu. . The Role of Accounting Information in the Decision Making Process .Retrieved 30 November 2016 from https://ideas.repec.org/a/ovi/oviste/vxiiy2012i12p1594-1598.html

Puritanism Essays (715 words) - Christian Philosophy,

Puritanism Puritanism Sinner's In the Hands of an Angry God Jonathon Edwards Puritanism, a religious reform movement in the late 16th and 17th century which sought to purify the Church of England, Anglican Church. Puritans became noted for a spirit of moral and religious pledge that determined their whole way of life, and they sought through church reform to make their lifestyle the pattern for the whole nation. Their efforts to transform the nation led to a civil war in England, and to the founding of the colonies in America as working models of the Puritan way of life. The excerpt from Jonathon Edwards' sermon Sinners in the Hands of an Angry God, is an example on how Puritans followed their religion. Jonathon Edwards' work describes how God hated Puritans for their sins; which led the Puritans to feel guilty for their sins. With the wrath of God and the guilt man felt, the damnation and salvation principal became the focus of Puritanism. The Puritans religion had the belief that they were sinners, and that God hated them for their sins. According to Jonathon Edwards, God hates man? 'Tis true that judgement against your evil work has not been executed? (Edwards 41). He used evil work as a metaphor for sins. Bremmer's article Puritanism, its Essence and Attraction describes God's creation of man, man's fall from his grace, and how we became sinners. Man was part of God's creation and was made in the image of God. The relationship between God and the first man Adam was described as a covenantal bond. In the words of the Puritan West - minister Confession, 'life was promised to Adam, and in him to his posterity, upon condition of perfect and personal obedience.' But 'our first parents' violated this covenant? (Bremmer 20). Since our first parents violated this covenant, they fell from their original righteousness and communion with God, and so became dead in their sin. The effects from this original sin were born by all men thereafter. Since the Puritans believed that we were all sinners, the Preachers often utilized the concepts of the wrath of God and guilt in their sermons. God was so angry with man that his wrath was great. Edwards in his sermon described God's wrath in terms of metaphors. His wrath was so vengeful that he described floodwaters being held by a dam. It was God's will that the dam did not break, and wipe man out. Puritans spoke frequently in his benevolence (Bremmer 20). God had ill will toward man, and only salvaged a few and left the rest for damnation. Man after the fall was by nature sinful, and for sinning against God man deserves damnation. This was a central belief of Puritanism. Every man was in the hands of an angry God. Thus are all you that never passed under a great change of heart by the mighty power of the Spirit of God upon your souls; ? 'tis nothing but his mere pleasure that keeps you from being this movement swallowed up in everlasting destruction (Edwards 42). At the time God created Adam, man's salvation depended on his own actions. God pledged happiness to Adam in return for man's absolute obedience to the will of God. The Covenant of Works exemplifies this concept in Puritanism. In the fall, man broke the covenant, and lost his opportunity to be salvaged. The consequences of man's sin could only be reversed through divine action. God provided the release by the Covenant of Redemption. ? the agreement whereby the Father compacted with the Son to provide the salvation of some men and women through Christ's sacrific e (Bremmer 21). This superficial order for the sins of mankind made possible individual redemption through the Covenant of Grace. Once man reached this Covenant, believing in God could redeem him. The excerpt from Jonathon Edward's sermon, Sinners in the Hands of an Angry God, focused on Puritanism theology. He addressed the issues of man as a sinner, God's hate of sinners - wrath of God. Throughout the sermon he addressed the damnation of man, the process of salvation and redemption. He hammered at his congregation using guilt and fear for their souls. Thus Edwards' sermon incorporated

Communication Progresses Between People Essays - Health, Disability

Communication Progresses Between People In today's hustle and bustle of everyday life, men, women, and children walk past one another without even a friendly smile or hello. As global technology grows, communication between individuals gets more distant and less personal. Even in families, messages are left on the answering machine or as notes on the fridge. Therefore, with todays' highly competitive technological world, it is vital to receive and maintain some old-fashioned inter-personal communication. Communication throughout history progresses from face-to-face to smoke signals, to the Pony Express to Canada Post, to the telephone to telex machines to modems. The fax machine is so impersonal that neither voice nor hand writing are used, and personality is lost. Now a video link where the person can see the caller and feel a personal touch, is trying to re-establish the original methods while using high-tech systems. Thus, as technology increases, we can clearly see attempts to get back to the "old way" through usage of time saving methods. One benefit of high-tech communications systems is the ability to make previously impossible communications possible. Think of the father and son separated by an ocean, one in England, the other in Newfoundland. This is where the telephone plays a role. It facilitates an almost instantaneous connection at a reasonable cost, and bridges a gap. Fortunately, this is now made possible by satellite systems launched into orbit by a recently developed rocket deployment system. Aside from this, people should attempt to communicate with people in their immediate surroundings more often, and use the more up-to-date technology sparingly, and only when appropriate. If a walk is taken down the street, or perhaps a ride on the subway, there will always be people seen with "Walkmans" or similar escapism devices. People are turning off the world, blotting it out, and turning to their own drummer. This in turn, affects their listening skills. In fact, listening to a "Walkman" over the halfway point for more than forty minutes a day, three days a week, is a leading contributor to permanent hearing loss. This syndrome can also be taken relate to television watching, especially in this day and age when we have "Much Music" broadcast all over the country. A short attention span and a lack of concentration are other factors in this ongoing problem. With the introduction of the remote control television, not more than fifteen years ago, people have had the opportunity to change stations as soon as the action isn't as fast as they'd like it, or to skip over commercials. So, it affects other people too, as they have to put up with those who only hear them when they want to, or on the second time around. Also, on dates, couples are turning more and more to impersonal activities and lifestyles like being entertained by all the latest high-tech equipment such as video games, computers and movies. This doesn't promote much conversation, because each person is just sitting, watching, as if they were there alone. Married couples often spend most of their day working, so they have less time to talk. Families should set aside a time for some informal talk each day, where they're away from the television and similar distracting devices. Sitting down with the family for dinner is a good time to talk. It is actually quite helpful for family members to listen to one another, and share concerns, instead of grazing from the fridge with no communication. It is important, to take a time-out to sit down and think about the effects of a lack of communication upon one's self and others. First of all, it promotes an impression of little self-worth. This is due to a deficient element of thought and a lack of sharing of feelings between people. Next, it affects others by making them think that you don't care about, or even think of them enough to bother to get together for a little discussion. All these difficulties can be mended by a little time to listen, to think, to speak, and to share. In conclusion, it is clearly evident that people require to escape from the sequence of artificial methods of relation, and get back to the original, most beneficial ways. It can be easily seen that this method provokes more thought and creativity in both parties. Hand movements, tone of voice and facial expressions come into play. In personal communication, these elements of body language relay at least 75% of the message received. Thus, on a one to one basis, messages are personalized with the addition

2004 Election

2004 Election Every four years our nation gathers at polling places across the country to elect a president promising a "new" and "better" America. For the months that lead to the election, politicians travel the United States in search of votes and political support from other key officials on the local level. Candidates can spend as much time and energy degrading their opponents as focusing on their own issues. The Presidential election of 2004 has been no exception. The issues and campaigns of President Bush and Senator Kerry been widespread and complicated while their overall goal was the same, to gain the trust of the American people and gain control of the White House for the next four years.The similarities and differences between the two candidates and their respective running mates was apparent long before the campaigns ever began. President Bush was an accomplished scholar of history at Yale and later received an MBA at Harvard in 1975 ( source 1).Headshot of John Kerry with the U.S. fla g in the b...From 1968-1973 he served as a pilot in the Texas Air National Guard ( source 4).The highlight of his political career before becoming president was his time spent as the Governor of Georgia from 1994-2000 (source 1). Vice President Richard Cheney received a college education at the University of Wyoming. With a political campaign spanning several decades Cheney has served as Secretary of Defense, Chief of Staff and has held a seat in the House of Representatives (source 3).Senator Kerry also a graduate of Yale but in the field of Political Science, later attended Boston College graduating in 1976 with a law degree ( source 2). Kerry served in Vietnam earning three purple hearts as well as the silver and bronze stars (source 5). Upon returning he became an anti war activist and spokesperson for Vietnam Veterans Against the...

Financial management Assignment Example | Topics and Well Written Essays - 750 words

Financial management - Assignment Example Present value of the expected cash flows is computed by discounting them at the required rate of return (also called minimum rate of return); a zero NPV means the project repays original investment plus the required rate of return. A positive NPV means a better return, and a negative NPV means a worse return, than the return from zero NPV. It is one of the two discounted cash flow (DCF) techniques (the other is internal rate of return) used in comparative appraisal of investment proposals where the flow of income varies over time†. ... The incremental costs remain the same throughout the five years. Depreciation is added back because it is a non-cash item; it is only deducted earlier to calculate the tax. It is assumed that tax is paid in the year in which it is accrued. Workings Direct Costs Yr 1 – $950,000(Sales in Year 1) * 55% = $522,500 Yr 2 onwards – $1,500,000 (Sales in Year 2 and onwards) * 55% = $825,000 Depreciation Depreciation for the five years on straight line basis = $1,000,000 ? 5 = $200,000 Conclusion Based on the fact that the project generates a positive Net Present Value of $397500, the project would have beneficial prospects for the company. Hence, the project should be undertaken. References Top of Form Bpp Learning Media. (2009).  Acca - F9 Financial Management: I-learn. Gardners Books. BusinessDictionary.com, Net Present value, Definition. http://www.businessdictionary.com/definition/net-present-value-NPV.html Bottom of