Fi515 Chapter 1 Mini Case - 2299 Words

MINI CASE a. Why is corporate finance important to all managers? Corporate finance is important to all managers because it provides managers the skills needed to identify and select the corporate strategies and individual projects that add value to their firm and forecast the funding requirements of their company and devise strategies for acquiring those funds. b. Describe the organizational forms a company might have as it evolves from a start-up to a major corporation. List the advantages and disadvantages of each form. The organizational forms a company might have as it evolves from a start-up to a major corporation are proprietorship, partnership, or corporation. The advantages of a proprietorship are: †¢ Easy and†¦show more content†¦Failure to handle these situations properly can lead to huge product liability suits and even bankruptcy. e. What three aspects of cash flows affect the value of any investment? The three aspects of cash flows the affect the value of any investment are the amount of expected cash flows, the timing of the cash flow stream, and the risk of the cash flows. f. What are free cash flows? Free cash flows are the monies available for distribution to all investors after paying current expenses, taxes, and making the investments necessary for growth. g. What is the weighted average cost of capital? The weighted average cost of capital is the rate that a company is expected to pay on average to all its security holders to finance its assets. h. How do free cash flows and the weighted average cost of capital interact to determine a firm’s value? Free Cash Flow = Sales Revenues – Operating Costs and Taxes – Required Investments in Operating Capital. Weighted Average Cost of Capital (WACC) is affected by market interest rates, market risk aversion, cost of debt, cost of equity, firm’s debt/equity mix, and firm’s business risk. Therefore, free cash flows and the weighted average cost of capital interact to determine a firm’s value by the following equation: Value = FCF1 + FCF2 + †¦ + FCF00 (1 + WACC)1 (1 + WACC)2 (1 + WACC)00 i. Who are the providers (savers) and users (borrowers) of capital? How is capital

The Great War - 1254 Words

The Great War The Great War, which is more commonly called World War I began on July 28, 1914 and lasted until November 11, 1918. It was a global war centered in Europe and involved more than 70 million military personnel. There were over 9 million combatants, and 7 million civilians died as a result of the war (Keegan, 1998). It was one of the deadliest recorded military conflicts in history, and was the reason for numerous major political changes. The main event that led to the spark of World War I was the assassination of Archduke Franz Ferdinand, Who was the heir to the Austro-Hungarian throne (Willmott, 2003). Archduke Franz Ferdinand was a friend to Kaiser Wilhelm of Germany, the two met in mid-June 1914 to discuss†¦show more content†¦The United States later declared war on German ally Austria-Hungary on December 7, 1917 (Keegan, 1998). Germany’s resumption of submarine attacks on passenger and merchant ships in 1917 became the primary motivation behind Wilson’s decis ion to lead the United States into World War I. Following the sinking of an unarmed French boat, the Sussex, in the English Channel in March 1916, Wilson threatened to sever diplomatic relations with Germany unless the German Government refrained from attacking all passenger ships and allowed the crews of enemy merchant vessels to abandon their ships prior to any attack. On May 4, 1916, the German Government accepted these terms and conditions (Keegan, 1998). This has come to be known as the Sussex Pledge. The situation in Germany had changed during January 1917. During a conference with representatives from the German Navy helped convince the military leadership and Kaiser Wilhelm that a resumption of unrestricted submarine warfare could help defeat Great Britain within a matter of months (History.com). German policymakers argued that they could violate the Sussex pledge since the United States could no longer be considered a neutral party after supplying ammunition and financial a ssistance to the Allies. German Chancellor Theobald von Bethmann-Hollweg disagreed and believed that resuming submarine warfare would draw the United States into the war on behalf of the Allies (Willmott,Show MoreRelatedThe War Of The Great War1482 Words   |  6 Pagesthe Great War had ended, leaving mostly Western Europe scathed by conflict between nations. With groundbreaking technology the conflict proved to be one of the most devastating in world history, especially with the immense amount of casualties of over 38 million. Picking itself up from the ground that was stained with blood, Europe at the time did not have any idea of the conflict that would soon follow approximately twenty years after; another world war. It is the end of the first world war conflictRead MoreThe War Of The Great War Essay973 Words   |  4 Pages World War â…   was such a significant war in history, that contributed to many changes to the world today. From 1914 to 1918 the â€Å"Great War† was being fought between the central and allied forces. The trench warfare during the rough years provided a stalemate, a situation in which no progress can be made or no advancement is possible. So, as a result the allied forces made a peace treaty to finally end the prolonged bloodshed. After five long years of nations constantly fighting, the allied forcesRead MoreThe War Of The Great War1421 Words   |  6 Pagesnations began World War I with a glamorous vision of war, only to be psychologically shattered by the realities of the trenches. The experience changed the way people referred to the glamour of battle; they treated it no longer as a positive quality but as a dangerous illusion.† Virginia Postrel The Great War began on July 28, 1914. There are several causes of the war and several of them start in the Balkans. The causes were political, territorial and economic conflicts among the great European powersRead MoreThe War Of The Great War1520 Words   |  7 Pages World War One, appropriately named the Great War in the heat of its battles, was the war that many thought would end all other wars. And at the time, it certainly seemed that would be the case. It was a new type of a war, there were new, terrifying weapons, leading to deaths in numbers unseen from previous wars. The battles dragged on, it became trench warfare. There seemed to be no end in sight for the longest time. But the war did end and the people and politicians of the 1920s were left to dealRead MoreThe War Of The Great War1553 Words   |  7 Pagesbills were proposed. However, in 1912, the third Home Rule bill was passed in Westminster, only to be suspended upon British entrance into the First World War. Irish members of Parliament that had been pushing for Home Rule for many years finally saw their plans come to fruition, only to be stalled by the outbreak of the Great War. This war was costly, and required significant support from the United Kingdom and it’s respec tive colonies. The actions of the British government helped to fuel radicalRead MoreThe War Of The Great War3373 Words   |  14 Pagesrace, and military plans created a perfect situation for a war in Europe, which would eventually become the Great War. With Germany, Great Britain, France, and Russia being the top powers in Europe, these countries would be the front runners in the discussion of the topics mentioned above and how their participation in those topics eventually led to the Great War. The order of topics to discuss that would ultimately lead to the Great War would be Imperialism being the spark that would lead to anRead MoreThe Great War Essay1454 Words   |  6 Pagesdisagree about the causes of the Great War as there are numerous different sources of the conflict, both long term and short term. The assassination of Archduke Franz Ferdinand is considered the catalyst that sparked the war but there are deeper, more complex reasons for its beginning. The extensive alli ance system throughout Europe, as well as the German foreign policy of expansionism helped to ignite what was a relatively small international conflict into a worldwide war. Imperial tensions also addedRead MoreThe Great War748 Words   |  3 Pages â€Å"The Great War† On 28 June 1914, a Serbian shot an Austrian. Within six weeks, many of the countries of Europe had become involved in a war that was to cause the deaths of 10 million soldiers, but was the assassination the only cause of war? WWI wasnt just any war, it was also a new beginning and a new cause for a few of the european countries that had been involved. The end results for Germany had been the worst, which not only caused Germany to have a new purpose and have resentments,Read MoreThe Great War1416 Words   |  6 PagesWorld War One was a time of devastation for Europe. Many factors lead to great tensions in Europe, sparking the desideratum for a war. This war, other sagacious ken as The Great War, occurred in 1914 until 1918. It had many famous battles, such as The Battle of Tannenberg, a battle of many casualties, especially for the Russia. The war was mainly fought between the members of the Triple Alliance and the members of The Triple Entente. Eventually, countries such as t he USA joined in. Rivalries betweenRead MoreThe Great War1256 Words   |  5 PagesThe Great War may be perceived as a milestone historical event serving two intertwined roles in the course of 20th-century British politics. Firstly, on certain grounds, it provided a fertile soil for the justified continuation and extension of a rather radical social reform initiated under the Liberal leadership since 1906, thus shifting the politics towards a more big-government-oriented direction. In the early post-war years, it was suitable for the Conservatives to undertake this task on the

Nobel Prize Winner James Watson Free Essays

Among the most notable and controversial Nobel Prize recipients is James Watson. He, together with Francis Crick and Maurice Wilkins, was awarded the Nobel Prize in the year 1962 in the Physiology or Medicine category. He is one of the scientists who discovered the molecular structure of the DNA which is hailed as one of the great breakthroughs in the field of Sciences. We will write a custom essay sample on Nobel Prize Winner: James Watson or any similar topic only for you Order Now James Dewey Watson was born on April 6, 1928 in Chicago, Illinois. In his early life, he was said to be fond of bird-gazing together with his father. When he was 12 years old, he was part of the famous radio show entitled Quiz Kids, a game which challenged young students to a quiz contest. At the age of 15, Watson entered the University of Chicago with the help of the then liberal policy of Robert Hutchins, the University president. In 1946, his interest in the field of science changed from his former concern on ornithology to genetics after he had read What Is Life? by Erwin Schrodinger. In 1947, he received his Bachelor’s degree in Zoology from the same university. Among Watson’s foremost influences was Salvador Luria, also a Nobel Prize winner. He was engrossed to the latter’s work which exposed him on the nature of genetic mutations. In the first months of 1948, Watson started to pursue his Ph.D. research at Indiana University at Luria’s laboratory. He was able to meet with another Nobel Prize recipient Max Delbruck. Delbruck and Luria were the pioneers of the Phage Group, a movement of geneticists who underwent studies and researches on microbial genetics. Eventually, Watson was also able to work with the group as a working scientist. His experience with the Phage group opened up his scientific knowledge on the nature and structure of genes. In order to develop his knowledge about the components of a gene, he took a course with another scientist Feliz Haurowitz in 1949 in which he was able to gain the conventional views on genes such as genes were proteins and vice versa; that genes have the capacity to replicate themselves; and other scientific data about the DNA. But through with all those knowledge, Watson was also fascinated with the work of Oswald Avery explaining that DNA was indeed the genetic molecule. Towards his doctoral studies, he underwent X-rays researches which attempted to de-motivate bacterial viruses. In 1950, he received his Ph.D. in Zoology at Indiana University. To be able to enhance more his knowledge on genetics and genetic composition, Watson went to Europe to pursue a postdoctoral study. He stayed at the laboratory in Copenhagen owned by a biochemist named Herman Kalckar whose studies were also linked with the nucleic acids. Through his stay with Kalckar’s laboratory, he was able to conduct experiments with another member of the Phage group, Ole Maaloe. The latter’s studies and researches were concerned on the DNA and the earlier supposition that it is the genetic molecule. In a meeting in Italy where he accompanied Kalckar, he met Maurice Wilkins who was also a devoted geneticist. In an event, Wilkins had shown Watson an X-ray diffraction data for DNA (which was originally worked out by Rosalind Franklin). After seeing the X-ray, he came to a conclusion that DNA had a distinct structure. Watson attempted to discover this through his experimental research done in different universities. Watson came to a decision to be familiar with performing X-ray diffraction experiments for the reason that such undertaking would lead him to a more probable and easier discovery of the DNA structure (He was inspired by Linus Pauling who was able to publish the protein alpha helix model with his unremitting efforts in undergoing X-ray experiments on molecular model. In 1951, Watson, together with Francis Crick and Maurice Wilkins, started to work out a series of experimental researches using Franklin’s X-ray findings on DNA structure. A controversy was said to occur during the period of experimental researches among Watson, Crick and Wilkins for the reason that they were using Franklin’s data and findings without the latter’s knowledge and consent. To further study Franklin’s X-ray findings, Watson attended one of Franklin’s seminar by which she explained how she obtained her findings on the DNA structure. Originally, Franklin claimed that the DNA was structured in helix-form. With this, Watson had started again to construct a molecular model but in the end it was criticize by Franklin by saying that the phosphate backbones must not be in the inside but on the outside. Eager to finish their attempt, the two used Franklin’s observations in their ultimate attempt to arrive at the DNA structure model. However, 1951, the absolute details of the chemical structure of the backbone of the DNA were identified by Alexander Todd, a biochemist. With that, Watson and Crick were asked to stop working with the DNA structure in 1952. Yet the two had never completely put aside their desire to come up with the DNA structure model. After numerous trips which exposed Watson and Crick to different methods and experimental systems that could help them in their account on DNA structure model, they were again asked to continue working on the DNA structural model by the then laboratory director Maurice Wilkins. Through the years, Franklin’s findings progresses and even developed.   The two, again, used Franklin’s findings in their experimental research on the DNA structure. The most outstanding contribution of Watson in the entire pursuit of the structural model of the DNA was his discovery of the nucleotide base pairs. These base pairs are said to be the chief answer in solving the structure and function of the DNA. Watson used the Pauling tradition, which he was formerly exposed. On February 1953, Watson worked out a molecule model which used a straight periphery, and exacto blade, white cardboard and adhesive. He made the molecules flat in their loop so that he could slide the cardboard models and inspect how they work. Through such improvised models, Watson saw that the bigger two ring (A and G nucleobase; also referred as the purines) could be matched with a lesser one ring (T and C nucleobases; also referred as the pyrimidines). Watson hypothesized if the tow pairs could be paired through a hydrogen bond which he discovered possible. He then observed that the two pairs could be placed over on each other with alike general configuration. To elaborate, the hexagonal rings were central and the comparative courses of the five-member rings of A and G were the identical.   Watson perceived that numerous members were falling into place such that he regarded it as the answer. He was right for formulating such conclusion. Watson’s discovery of the base pairs was unswerving with what Chargaff, also a biochemist, had already worked out. Not so long that Watson and Crick had completed their experimental research on the structural model of DNA by concluding the double helix form of the DNA. They presented their findings through a journal entitled Nature. With this great discovery, Watson and his co-scientists Crick and Wilkins were given the Nobel Prize in 1962 for their discovery of the structure of nucleic acids. Nevertheless, as mentioned earlier the controversy involving the original works of Franklin had put the three Nobel Prize Awardees in so much criticisms primarily with their failure to acknowledge the contribution of Franklin. But Watson took the courage to clarify the issue and appraise Franklin’s involvement in the discovery of the DNA structural model. In 1968, he published a book entitled The Double-Helix which explained his team’s side regarding the controversy with Franklin. He clarified that it was not intentional to bypass Franklin all throughout their achievements. He said that Franklin was really one of the persons who gave him the impetus to strive harder and make him more careful in analyzing his experimental research on DNA structure.   In the end, his team included Franklin as one of the most important persons behind the success of their structural model of DNA. Watson’s published book made the public realize how scientists like him undergo so much hardships for the sake of scientific discoveries which can really aid the entire mankind in uplifting the quality of their lives. He had proven that with great effort and outstanding sacrifice, anyone could victoriously achieve his or her goals. Watson did not stop his scientific endeavors with his Nobel Prize award. He worked with the Genome Project in 1988 which he held up until 1992. References: Hamilton, J. (2004). James Watson: Solving the Mystery of DNA (Nobel Prize-Winning  Ã‚   Scientists). Enslow Publishers. Watson, J. D. (2001). The Double Helix: A Personal Account of the Discovery of the  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Structure of DNA (First ed.). Touchstone. How to cite Nobel Prize Winner: James Watson, Essay examples