Financial Analysis For Hotels Samples †MyAssignmenthelp.com

Question: Discuss about the Financial Analysis For Hotels. Answer: Introduction The main objective of the report is to assess the investment cost for the major kitchen overhaul for one of their restaurant of Blue Ribbon Restaurant Group. The general manager will provide with the details of 5 potential contractors to discuss with them regarding the cost, expenses and cash flows. For analysing various offers from 5 contractors, the trainee will take into account various factors like present value of the cash flows, required internal rate of return. Comparison of assessment technique The comparison technique that will be applied to analyse the project from various contractor will be the (i) Net present value approach (ii) Internal rate of return Contractor Net present value Internal rate of return Supplier A $ 70,669.10 27% Supplier B $ 76,221.20 36% Supplier C $ 112,052.46 44% Supplier D $ 74,030.13 33% Supplier E $ 71,813.91 32% Net present value (NPV) The net present value is difference among the present value of the cash inflows and present value of the cash outflows. For analysing the profitability of any project or any investment, the NPV is used under the capital budgeting. The formula for NPV calculation is Where, t = number of times in period Ct = net inflow of cash during t C0 = Total initial cost of investment r = rate of discount The positive value of NPV states that the earnings generated by the investment or the project are more than the initial cost of investment. Normally, the project with the positive NPV is considered to be profitable one and with negative NPV as not profitable one (Vernimmen et al. 2017). The concept of NPV states that the investment or the project shall be accepted only if it results into positive NPV values. Further, the rate of discount that is 8% as per the given situation are taken into consideration to calculate the present value of the cash flows over the future periods. Though different companies determine the rate of discount in different ways, the common method is to use the expected return from other investments (Ross et al. 2013). As per the given information provided by the general manager regarding 5 suppliers and calculation of the NPV, it is recognized that the NPV of supplier C is highest at $ 112,052.46. Internal rate of return (IRR) IRR is rate of interest at which the NPV of all cash flow that is the negative as well as the positive cash flows from any investment or project equals to zero. It is used for evaluating the projects attractiveness or feasibility (Elango et al. 2015). If the IRR of the project or investment is more than the required return rate of the company then the project will be feasible and will be considered for acceptance. On the other hand, if the IRR is lower than the required rate then the project shall not be accepted. Formula for calculating the IRR is as follows 0 = P0+ P1/(1+IRR) + P2/(1+IRR)2+ P3/(1+IRR)3+ . . . +Pn/(1+IRR)n Where, P0, P1 Pn represents the cash flows for the period 1, 2, 3..n, and the IRR equals the internal rate of return for the project. IRR enables the managers ranking the projects through the overall return rate rather than considering the present values and the project that has highest IRR will be selected. As the comparison under IRR is easy, this approach is considered as attractive. However, the IRR does not takes into account the investments absolute size (Sneps-Sneppe 2017). As per the given information provided by the general manager regarding 5 suppliers and calculation of IRR, it is recognized that the IRR of supplier C is highest at 44%. Recommendation As the trainee is supposed to take into consideration all the possible techniques for assessment, from the given information he will consider the NPV approach and IRR approach to analyse the offer from the suppliers. As it can be identified from the above provided table that the NPV as well as the IRR of supplier is higher as compared to the other 4 suppliers, the company is recommended to select supplier C for the major kitchen overhaul for one of their restaurants. References Elango, S., Garc?a, J.L., Heckman, J.J., Hojman, A., Ermini, D., Rados, M.J., Shea, J. and Torcasso, J.C., 2015. The internal rate of return and the benefit-cost ratio of the Carolina Abecedarian Project.University of Chicago, Department of Economics. Ross, S.A., Bianchi, R., Christensen, M., Drew, M., Westerfield, R. and Jordan, B.D., 2013.Fundamentals of Corporate Finance: Introduction to corporate finance Chapter: 2 Financial statements, taxes and cash flow PART 2 Chapter: 3 Working with financial statements Chapter: 4 Long-term financial planning and corporate growth PART 3 Chapter: 5 First principles of valuation: TVM Chapter: 6 Valuing shares and bonds PART 4 Chapter: 7 Net present value and other investment criteria Chapter: 8 Making capital investment decisions Chapter: 9 Project analysis and evaluation PART 5 Chapter: 10 Lessons .... McGraw-Hill Education (Australia). Sneps-Sneppe, M., 2017. On the internal rate of return of IRR and the priority of investments.International Journal of Open Information Technologies,5(9), pp.39-44. Vernimmen, P., Le Fur, Y., Dallochio, M., Salvi, A. and Quiry, P., 2017. The Time Value of Money and Net Present Value.Corporate Finance: Theory and Practice, Fifth Edition, Fifth Edition, pp.267-283.

The book Just kids by Patti Smith

Patti Smith grew up in a poor family but her parents showed her the parental love that children deserve. Despite the fact that she dropped out of college, her knowledge for symbolic poetry was admirable. She spent most of her youthful years trying to discover herself.Advertising We will write a custom essay sample on The book ‘Just kids’ by Patti Smith specifically for you for only $16.05 $11/page Learn More She dreamt of becoming a star as opposed to an artist and worked hard to first become a muse before following her dream of being an artist. Smith had no ego and this made her to dedicate her time and energy in ensuring that the people she interacted with succeeded in whatever they did (Seattlepi 6). She became widely recognized in the 70s due to her ability to merge rock music and poetry. Her album entitled Horses was rated as one of the best albums ever released in the world of music. Her first show of the drawings she made was in 1973 at Gotham book Mart. Since 1978, Robert Miller Gallery represented her works. In 2008, the Foundation Cartier Pour located in Paris exhibited some of her photographs, drawings and installations. In 2005, she was given the Commandeur des Arts et des Lettres, which is a famous title by the ministry of culture in France, a prestigious honor to be accorded an artist by the French government. In addition, the Rock and Roll Hall of Fame took her as one of its members in 2007. Smith got married to her late husband Fred smith in 1980 and had two children. She currently lives in New York where she is involved in different things including performing, writing and engaging in visual art (White 5). The book ‘Just kids’ by Smith is a well written book that talks about her youthful days with Robert Mapplethorpe, whom she describes as an artist of her life. It is a combination of a memoir and an elegy shedding light on the interesting way of life in the New York City in the late 60s a nd 70s. The book also presents the lives of two artists characterized by unique sensibilities. Patti and Robert grew up in families that upheld strict religious doctrines but the church encounters affected them differently. The church experiences for Patti worked to give her a better understanding of her work and a starting point since she could pray the way she wanted. Robert on the other hand could not find peace in the religion which partially contributed towards his secret sexuality.Advertising Looking for essay on literature languages? Let's see if we can help you! Get your first paper with 15% OFF Learn More Robert became Patti’s reliable friend for a short duration of time. He gave Patti creative encouragement and though he might not have been the person Patti had chosen, he remained a soul mate to Patti. Patti went through a difficult life when she first landed in New York City as a naà ¯ve girl from the suburbs. She had no money and experienced firsth and how her friends were destroyed by drugs. The musical stars who continued losing their lives in the 60s and the appearance of gay figures were some of the experiences that Patti went through every day. She was oblivious of the sexuality of Robert who was among the people who were ready to do anything in order to achieve the star status (Patti, 86). For most young artists, there were places and particular periods of time that remained significant to them. Chelsea Hotel was one such place where Patti spent time with Robert and got a chance to meet other idols. While in the hotel, she witnessed the deaths of many idols who had become her friends but she did not think that what happened to her friends could happen to Robert and her. The 60s and 70s experiences of a young girl who turned an artist are brought to life through the story of Patti in the book. She remembers most of the things that took place in the New York City in those days and although many changes occurred, the histor y of the city remained intact. Patti never thought of disclosing to anybody the change that had occurred in her relationship with Robert but she discovered that it was important for her to find something different. She still loved even when they drifted apart with Robert. Robert might also have been uncomfortable with Patti’s new boy friend but he never judged her. Patti and Robert kept on encouraging each another and remained true to themselves (Pajiba 10). Eventually, Patti and Robert had to live separately since their lives and art were going different ways. The band Patti had established was succeeding and she started making tours. Robert remained in New York and through the assistance he got from a prosperous patron, he fully dedicated his time to photography. He resolved to apply meticulous elegance on all his works regardless of their nature. Patti did not always relate to the subject matters that Robert dealt with but she understood why he never stopped doing it. She appreciated the fact that he never did whatever he was doing for the sake of it.Advertising We will write a custom essay sample on The book ‘Just kids’ by Patti Smith specifically for you for only $16.05 $11/page Learn More Patti vowed to take care of Robert since their early lives as kids and continued protecting him. As the book comes to an end, the final days of Robert and Patti are highlighted before Robert succumbed to AIDs in 1989. It is evident that he remains an important person to Patti throughout the book. She narrates Robert’s legacy in an eloquent manner through the sharp memories and stories that evoke the feelings of the reader. Works Cited Pajiba. Just Kids by Patti Smith. 2011. Web. Patti, Smith. just Kids. New York: Ecco, 2010.Print Seattlepi. Book Review: Just Kids by Patti Smith. 2011. Web. White, Edmund. Just Kids by Patti Smith. 2010. Web. This essay on The book ‘Just kids’ by Patti Smith was written and submitted by user Gary Mcfarland to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.

Does Milkshake Tastes Funny Essay Example

Does Milkshake Tastes Funny Paper Tastes Funny Synthesis George Stein Is a working student who Is looking for a stable Job that would provide for his financial needs. Finding out that Eastern Dally Is hilling, he quickly applied and found out that this might be one of the better Jobs he could find. The salary was above the normal in the industry, the working environment was not that stressful, and the schedule would allow him to attend his school during the day. After being accepted in Eastern Dairy, he was assigned at the freezer where he would stack containers of mix. However, since there is a limited number of manpower during the sight shift, everybody pitched an extra hand where work might be needed. One night the pipe that transports the mix line used for making shakes were clogging up badly and persistently with maggots. Should their group stop operations and continually unclog the pipes, they would not be able to deliver the necessary products on time costing the company more money. Paul, who often make the decisions during the night shift, told George that they should Just remove all five filters so that they could meet the deadline. He said It would be safe because the homogeneity would be able o collect all the sold materials that will go through the filters and the pastries would kill all the bacteria that may exist on their product. We will write a custom essay sample on Does Milkshake Tastes Funny specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Does Milkshake Tastes Funny specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Does Milkshake Tastes Funny specifically for you FOR ONLY $16.38 $13.9/page Hire Writer This made George uneasy and think what he should do Point of View George Stein the immediate action should come first from George because he must initiate things so that actions may or may not be done about the situation. Operations Manager he or she would be able to properly assess the situation as to what is an acceptable or not acceptable steps to take Problems Identified Lack of quality control, quality management, and quality assurance systems that old ensure compliance to quality standards. Lack of modern health, safety and environment (HOSE) policies, procedures, and controls that would ensure compliance to environmental standards. No formal training for employees before deployment to work Expectations from employees are not clear Statement of the Problem What necessary steps should George Stein do in order to deliver the product on time without sacrificing quality? Objectives Implement quality control, quality management, and quality assurance systems that would ensure compliance to quality standards. Implement policies, procedures, and intros on modern health, safety and environment would ensure compliance to environmental standards. Communicate to employees the foregoing policies and procedures and set expectations to employees Areas of Consideration (SOOT) Strength Eastern Dally Is unloaded and the wages paid to employees were over twice the minimum wage George had been paid on his previous Jobs. Easy Camaraderie wealth teen workup Labor relations seems amicable Weaknesses Poor management and Organizational structure No formal trainings or instructions given to newly hired employees before plowmen to work No managers assigned during night shift to supervise the work of employees Expectations from employees are not clear Poor maintenance of warehouse where milkshake ingredients stores self appointed shift leader didnt seem too concerned on the current situation of the company commendation Formulate quality control and quality management system to ensure that quality of products, stuff behavior and administration are under control. Design a monitoring situation. The company should assign manager who will to monitor the activity of employees and quality of production. Create Authority. Set direction for the organization and align employees on the direction set by management. The goals set should be specific, measurable, attainable, realistic and timely. Motivate people to achieve the goals. Create ethical concept and corporate social responsibility to employees. Improve the organizational culture. Implementation Policies and procedures in proper handling and storing of inventories should be implemented to minimize theft, waste, and spoilage of inventories. Appoint person who will be responsible in controlling quality of materials used in process and the finished products sold by the company. Employees should be trained on health and fatty standards from procurement of raw materials, storage, handling, manufacturing and distribution of finished products. Before deployment to work, newly hired employees should undergo formal training to communicate the companys rules and procedures, policies, expectations, goals, targets and company culture. Learning Points This case provides an example of how a lack of a code of ethics or ethical training within a corporation can lead to negative consequences. The major players in the case are the night shift employees of Eastern Dairy, and the management of this company that set up the rules and expectations for the night shift.

12 Expository Essay Topics on Sanxingdui Culture

12 Expository Essay Topics on Sanxingdui Culture The ancient Chinese Sanxingdui culture is one of the mysterious cultures which researchers are still trying the best to learn about till this day. Understanding this fact, your instructor may recommend that you write an expository essay so that you can learn beyond your textbook and find new sources of information on this subject. Be forewarned: writing expository essays involves meticulous research about your chosen topic. As your essay cannot cover very broad themes, try to focus on a specific aspect instead. This lends your essay a logical flow and internal consistency. Besides, a few threads of ideas running through the text are easier to manage as compared to complex and multi-layered concepts. If you are assigned an expository essay on Sanxingdui culture, here are 12 facts you can use to come up with a topic for your essay and even use while writing it. If you would rather take a shortcut, check out our 20 expository essay topics on Sanxingdui culture. Here are the most useful facts about Sanxingdui culture: The village of Sanxingdui located in the Sichuan province of China was the stage of a major archeological find. In the year 1986, two huge sacrificial pits were unearthed. With this discovery, a lost chapter of Ancient Chinese history was also discovered. The pits were created by an ancient civilization which flourished in the region some 3000 5000 years ago. The Sanxingdui archeological site is located in the city of Guanghan, 40 km away from Chengdu. It has been internationally recognized as one of the most important ancient remains worldwide. The major factors which make it unique are its lengthy period of the reign, vast size and rich cultural contents. The discovery has turned Sichuan into a focal point in the study of ancient China. The pits were not the first time a major find had been unearthed. The first signs of the presence of an ancient civilization were discovered in 1929. A farmer digging in the area accidentally discovered a huge collection of well-preserved jade relics. Lots of Chinese archeologists tried to find more remains after the discovery, but nothing turned up. After decades of failure, two large pits were discovered in 1986, containing a large amount of artifacts, all of which had been broken, burned and then buried. The objects found in the pits were remarkable and showed that people had advanced technical and artistic skills. Archeologists found sculptures which had animal faces. Masks with open mouths, grinning teeth, and dragon ears were also found. Moreover, sculptures of snakes, dragons and different birds, a huge wand, a large sacrificial altar, a bronze tree 4 meters in length, rings, axes, and knives among hundreds of small objects were excavated. Of these objects, the most impressive one is probably the 2.62-meter tall bronze humanoid statue. Carbon dating of the artifacts shows that they belong to the time period between 12th – 11th centuries BC. The bronze statues were made using an advanced casting technique which involved mixing lead, copper and tin to create an alloy of superior strength and malleability. This enabled the people of that area to create statues of stunning length. The artistic style of all the artifacts found is quite unique. No other ancient Chinese culture is known to possess a similar style. Archeologists have linked the Sanxingdui culture with the ancient kingdom of Shu. They have also linked the artifacts to early legendary kings. However, the references to the Shu period are not very accurate because historical records for this period are scant. Sanxingdui at its prime was a metropolis; it covered an area of three square kilometers. Its people had a highly developed agricultural system and were capable of making wine and creating ceramics. The making of sacrificial tools and mining were common trades as well. Archaeological findings from the excavation sites show that the settlement at Sanxingdui was suddenly abandoned sometime around 1000 BC. The culture was at the peak of its development, which is why this unexplained end is a mystery which has not been solved yet. Archeologists and historians believe that these pits served as sacrificial sites. The ancient Shu people sought to appease to the earth, heaven, mountains, rivers and other gods by offering sacrifices to them. In fact, the artifacts found there, such as the human-like bronze statues and masks with animal-like faces, were representations of the gods worshipped by these people. Till this date, not much is known about the lives of the people of this ancient culture. The site does not contain any inscriptions. This Bronze Age civilization has gone unrecorded in ancient texts and, by all estimates, remained relatively unknown to the world. The discovery of the site created a fundamental shift in the way historians thought about Ancient China. Traditional views held that there was a single center of civilization in northern China, but Sanxingdui proved that multiple regional centers existed. The Sanxingdui culture most likely worshipped the sun and also their ancestors. There have been signs which point to the likelihood that ancestral and religious temples existed simultaneously. This leads historians to conclude that power was shared between the priest and the king. The Sanxingdui civilization is significantly different from the Xia-Shang Zhou civilization, and therefore enriches the pluralistic characteristic of Ancient Chinese civilizations. These facts can be used in your expository essay to illustrate the uniqueness of the archeological site and the Sanxingdui culture. If you need more information, you can check out the sources listed at the end of this page and learn more about this fascinating culture. If you need more help with the technicalities of writing an expository essay, check our guide on how to write an expository essay on Sanxingdui culture. References: Holloway, A. (2014). The Ancient Artefacts of Sanxingdui That Have Rewritten Chinese History. Epoch Times. Retrieved from http://printarchive.epochtimes.com/a1/en/sg/nnn/2014/09%20September%202014/495/SEPTEMBER19-OCTOBER2_18_lowres.pdf DONG, R. W., DONG, J. (2008). On Outstanding Eyes of Bronze Statuaries in Sanxingdui Relic. Journal of Chengdu University of Technology (Social Sciences), 2, 006. CHEN, C., YIN, M. (2005). Symbolic Research of the Bronze Trees from Sanxingdui [J]. Sichuan Cultural Relics, 6, 006. Ge, Y., Linduff, K. (1990). Sanxingdui: a new Bronze Age site in southwest China. Antiquity, 64(244), 505-513. http://dx.doi.org/10.1017/s0003598x00078406 Xing-shi, L. I. U. (2005). Sanxingdui Civilization and Ancient Geographic Environment [J]. Journal of Changdu University of Technology Social, 1, 000. Xu, J. (2003). Defining the Archaeological Cultures at the Sanxingdui Site. Journal Of East Asian Archaeology, 5(1), 149-190. http://dx.doi.org/10.1163/156852303776173006 Hui, W. (2007). The Character of Sanxingdui Bronze Head Picture and the Origin of the Chu History Book TAOWU [J]. Journal of Historiography, 4, 007.

Green Building Materials Term Paper Example | Topics and Well Written Essays - 1250 words

Green Building Materials - Term Paper Example A green building utilizes resource like energy, water, land, materials etc more efficiently than traditional buildings. Moreover, a special emphasis is given in ensuring occupant health and in reducing wastage and environmental degradation. The resources like recycled materials, renewable resources, salvaged building materials, some durable materials etc come under the green building materials. Today, billions of tons of raw materials are used for the construction activities every year, and that has resulted in extensive depletion of non renewable natural resources throughout the world. In this regard, renewable green building materials have become a necessity in conserving the declining non-renewable resources. According to Howe and Gerald (2010, p. 232), in traditional construction, a large amount of construction and demolition (C&D) wastes are getting disposed in the landfills every day. In green building practices, salvaged or recycled materials are used which contribute in bette r waste management. Some of the traditional building materials produce toxic chemicals which are harmful to human health. There is also massive carbon foot print production during various construction and operation process within the buildings. The use of green building materials in construction can maximize efficiency and minimize wastage, and it offers a healthy place to live with less impact on environment. Green building materials have several advantages that make them more favourable to be used in construction than the traditional building materials. To be specific, green building materials are of low cost, environmentally friendly, and safe in several respects. To begin with, when compared to traditional building materials, green building materials offer several financial benefits. Construction of green building does not necessarily need to be expensive. Some of the green products are available at a cost less than or equal to that of traditional

Human Resource Essay Example | Topics and Well Written Essays - 2000 words - 2

Human Resource - Essay Example Current paper focuses on two particular aspects of Human Resources Management: Acquisition and Development of employees. Reference is made to a major competitor in the UK market: TESCO. The recruitment and selection process of the organization has been examined and evaluated. At the same time, the training and development programs of the firm are presented and analyzed in order to understand their contribution in the growth of the organization. It is concluded that the organization’s plans in regard the Acquisition and Development of its employees are unique, at the level that highly emphasis is given not just on the attracting of highly qualified staff but also on the continuous development of employees, according to their needs and potentials. 2.0 HRM – overview and presentation of key aspects 2.1 Role of HRM in modern organizations HRM is considered as a key sector in organizations operating in all industries. In the literature the elements of HRM have been extensive ly analyzed in order to understand the role of the above framework as a critical element of organizational environment. According to Sims (2007) the term HRM is used for describing ‘the rules, the principles and the processes used in organizations for managing their human resources’ (Sims 2007, p.5). In other words, the contribution of HRM in organizational growth can be vital, securing the high employee performance, as related to high organizational profits. It should be noted that HRM focuses not only on the management of the relationship between the organization and its employees but also on ‘employees’ needs and employees’ development’ (Sims 2007, p.5). In this way, the potential of employees to respond to the needs of the organization is increased. Considering employees not only as units supporting organizational processes

One of the themes of block 5 is the way in which characters may be Essay

One of the themes of block 5 is the way in which characters may be portrayed in prose fiction, and in drama. Select two characters from different works studied - Essay Example Euripides and Shaw bring out these traits by allowing the characters to express their feelings, giving them social status which goes a long way in defining them as individuals and exploring their sensitivity. In this regard both writers have used direct as well as indirect methods of characterization. Euripides uses the technique of exposition to give an insight into Medea’s character and to provide a history of her background thus far. The nurse delivers this introduction and at the very onset, we are able to divine her personality and a glimmer of the devastation she is capable of wreaking on those who unwisely cross her. According to the nurse, â€Å"Her mind thinks in extremes†¦ She’ll not put up with being treated badly†, she is a creature of violent passions and has committed horrifying acts in the name of love, but now her ardent love has soured and â€Å"She’s a dangerous woman† (Euripides, 2006)1. Thus his Medea creates a powerful impression even before she comes on stage. Euripides uses the essential tool of drama – dialogue, to allow Medea to express her feelings and plans for revenge. Thus the audience manages to get first-hand information about her inner-most thoughts and emotional state. Further he allows her actions to speak for themselves. It is Medea’s ability to act on schemes devised by a mind twisted by the suffering inflicted on her person that makes her particularly dangerous. Euripides makes her character convincing by revealing suitable provocation that goads her onto such dastardly excesses like murdering her own children. Euripides uses indirect characterization as well in his portrayal of Medea. The other characters react to her personality, thereby offering fresh insight into her character. For example there is a scene where Creon exiles her out of fear for the safety of his family. He tells her, â€Å"†¦ you’re a clever