International Exchange Rates

International Exchange Rates International exchange rates are the ones used to exchange a country’s currency with another country’s currency in a particular period of time. Exchange rates influence various monetary systems in different parts of the world. Exchange rates change depending on factors related to demand and supply (Gaspar, 2011, p. 67).Advertising We will write a custom essay sample on International Exchange Rates specifically for you for only $16.05 $11/page Learn More For instance, an increase in the demand of goods produced in Japan causes the Yen to appreciate while a decrease in the demand of Japanese goods will make the Yen depreciate. Low rates of inflation in an economy increase the value of the local currency while high rates of inflation in an economy decrease the value of the local currency. High interest rates in an economy increase the value of the local currency due to an increase in the amount of money deposited in banks (Melicher and Norton, 201 2, p. 79). Changing exchange rates has a big impact on the amount of revenues a company obtains in a particular market. For instance, a business manager whose firm sells crude oil in the US needs to know the exchange rate of the dollar because a weak dollar will make him obtain crude oil imports at a higher price. Therefore, he/she needs to plan how his firm will withstand risks associated with changing currency rates (Brigham and Davies, 2012, p. 53). Germany, just like several European Union member countries, stopped using the Mark in favor of the euro, more than 10 years ago. The current exchange rate of the US dollar equivalent to the euro is pegged at 1 dollar to 0.76 euro. The current exchange rate of the dollar equivalent to the British pound is pegged at 1 dollar to 0.6553 pound. It is better to produce goods in the United States and ship them to Britain or Germany because most international transactions are pegged on the dollar. Graph showing exchange rate between the doll ar and the euro for the last 3 years. Source: www.fxtop.com Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Graph showing exchange rates of the dollar equivalent to the sterling pound for the last 3 years. Source: https://fxtop.com/ The Chinese Yuan is not allowed to float freely in international markets and its use is highly restricted by the Chinese financial authorities. Many Chinese companies which operate internationally prefer to use the dollar instead of the Yuan in their transactions (Scott, 2012). Any firm that invests in the country is in a better position to diversify its foreign currency reserves. This will protect it from risks associated with instabilities in foreign exchange markets. References Brigham, E. F., Davies, P. R. (2012). Intermediate financial management. Mason, OH: Cengage Learning. Gaspar, J. (2011). Introduction to global business: Understanding the international environment. Mason, OH: Cengage Learning. Melicher, R. W., Norton, E. A. (2012). Introduction to finance: Markets, investments, and financial management. New York, NY: Wiley. Scott, R. E (2012, August 23). The China toll. Economic Policy Institute Publication. Retrieved from https://www.epi.org/publication/bp345-china-growing-trade-deficit-cost/

The 5 Principles of Adult Learning Pioneered by Malcolm Knowles

The 5 Principles of Adult Learning Pioneered by Malcolm Knowles The teacher of adults has a different job from the one who teaches children. If youre teaching adult students, for the best results its important to understand and practice five principles espoused by Malcolm Knowles, a pioneer in the study of adult learning. He observed that adults learn best when: They understand why something is important to know or do.They have the freedom to learn in their own way.Learning is experiential.The time is right for them to learn.The process is positive and encouraging. Make Sure Your Adult Students Understand â€Å"Why† Most adult students are in your classroom because they want to be. Some of them are there because they have continuing education requirements to keep a certificate current, but most are there because they’ve chosen to learn something new. This principle is not about why your students are in your classroom, but about why each thing you teach them is an important part of the learning. For example, imagine you are teaching a group how to make pickles. It would be important for students to understand why each step in the pickle-making process is important: It’s important to soak the cucumbers in ice water overnight. This helps make the pickles crisp.If you put a towel under the jars in the canner, they won’t bounce against each other and break.When sterilizing the jars, it’s important to fill each at least halfway with water, AND fill the canner they’re sitting in with water. Too little water and the towel mentioned in the previous bullet will catch on fire. You know this kind of information comes from experience. Respect that Your Students Have Different Learning Styles There are three general learning styles: visual, auditory, and kinesthetic. Visual learners rely on pictures. They love graphs, diagrams, and illustrations. â€Å"Show me,† is their motto. They often sit in the front of the classroom to avoid visual obstructions and to watch you, the teacher. They want to know what the subject looks like. You can best communicate with them by providing handouts, writing on the whiteboard, and using phrases like, â€Å"Do you see how this works?†Auditory learners listen carefully to all sounds associated with the learning. â€Å"Tell me,† is their motto. They will pay close attention to the sound of your voice and all of its subtle messages, and they will actively participate in discussions. You can best communicate with them by speaking clearly, asking questions, and using phrases like, â€Å"How does that sound to you?†Tactile or kinesthetic learners need to physically do something to understand it. Their motto is â€Å"Let me do it.† They trust their feelings and emotions about what theyà ¢â‚¬â„¢re learning and how you’re teaching it. They want to actually touch what they’re learning. They are the ones who will get up and help you with role-playing. You can best communicate with them by involving volunteers, allowing them to practice what they’re learning, and using phrases like, â€Å"How do you feel about that?† Most people use all three styles while they’re learning, and of course, this is logical since we all have five senses, barring any disabilities, but one style almost always is preferred. The big question is, â€Å"How do you, as the teacher, know which student has which learning style?† Without training in neuro-linguistics, it might be difficult, but conducting a short learning style assessment at the beginning of your class would benefit you and the students. This information is as valuable to the student as it is to you. There are several learning style assessments available online, some better than others. A good choice is the one at Ageless Learner. Allow Your Students to Experience What They’re Learning Experience can take many forms. Any activity that gets your students involved makes the learning experiential. This includes small group discussions, experiments, role playing, skits, building something at their table or desk, writing or drawing something specific – activity of any kind. Activities also keep people energized, especially activities that involve getting up and moving about. The other aspect of this principle is honoring the life experiences your students bring to the classroom. Be sure to tap into that wealth of wisdom whenever it’s appropriate. You’ll have to be a good timekeeper because people can talk for hours when asked for personal experiences, but the extra facilitation needed will be well worth the gems your students have to share. When the Student Is Ready, the Teacher Appears â€Å"When the student is ready, the teacher appears† is a Buddhist proverb packed with wisdom. No matter how hard a teacher tries, if the student isn’t ready to learn, chances are good he or she won’t. What does this mean for you as a teacher of adults? Luckily, your students are in your classroom because they want to be. They’ve already determined that the time is right. It’s your job to listen carefully for teaching moments and take advantage of them. When a student says or does something that triggers a topic on your agenda, be flexible and teach it right then. If that would wreak havoc on your schedule, which is often the case, teach a bit about it rather than saying flat out that they’ll have to wait until later in the program. By then, you may have lost their interest. Principle 5: Encourage Your Adult Students For most adults, being out of the classroom for even a few years can make going back to school intimidating. If they haven’t taken a class in decades, it’s understandable that they would have some degree of apprehension about what it will be like and how well they’ll do. It can be tough to be a rookie when you’ve been an expert in your field for many, many years. Nobody enjoys feeling foolish. Your job as a teacher of adult students includes being positive and encouraging. Patience helps too. Give your older students time to respond when you ask a question. They may need a few moments to consider their answer. Recognize the contributions they make, even when small. Give them words of encouragement whenever the opportunity arises. Most adults will rise to your expectations if you’re clear about them. A word of caution here. Being positive and encouraging is not the same as being condescending. Always remember that your students are adults. Speaking to them in the tone of voice you might use with a child is offensive, and the damage can be very difficult to overcome. Genuine encouragement from one person to another, regardless of age, is a wonderful point of human interaction. This is your challenge as a teacher of adults. Beyond teaching your subject, you have the opportunity to inspire confidence and passion in another human being. That kind of teaching changes lives.

Enron Corporation Position Essay Example | Topics and Well Written Essays - 1250 words

Enron Corporation Position - Essay Example The paper starts by giving a brief synapse of what Enron was and what the Enron Scandal was and why it caused the downfall of Enron. The paper will also discuss the ethical considerations of what Enron did to its investors and take a position on whether it was okay to sell stocks on what you believe will be the expected dividends. Enron was a company based in Houston and it specialised in commodities, energy and service corporation. The company was rocked by a scandal in 2001 and this was recorded as one of the biggest scandals of the century as a result of the fact that shareholders lost $74 billion and thousands of employees and investors lost their retirement accounts, and many employees lost their jobs (The ten worst corporate financial scandals of all time, nd). The main players in this particular scandal included the CEO Jeff Skilling and former CEO Ken Lay who kept huge debts off the balance sheet. In other words, the figure presented on the balance sheet revealed normal operations of the company which did not raise any suspicion among the investors. They also hoodwinked the investors by overstating their profits so as to attract many investors to pour in money into the company. However, things turned nasty when Sherron Watkins the internal whistle blower exposed them after witnessing high stock prices that fuelled external suspicions. Upon full investigation of the case, the main culprits were convicted of a criminal offence and the CEO was sentenced for 24 years and his partner in crime Lay died before his serving time. Andersen was also found guilty of fudging the company’s accounts. After the company was rocked by this scandal, it filed for bankruptcy. From an ethical perspective, it can be noted that what Enron did to its investors was not good especially to sell stocks on what you believe will be the expected dividends. The investors were not fully aware of the underhand dealings taking place behind

Financial pros and cons Essay Example | Topics and Well Written Essays - 1000 words

Financial pros and cons - Essay Example Capital Budgeting decisions of Debt Financing vis-a-vis Equity Financing and Capital Expenditure The essay analyses the financial viability of setting up a new production plant including the financing decisions and whether Superior Living Inc. should go for an IPO. Financial Analysis of Superior Living Inc. Profitability and solvency position of a company is a direct way to understand how well a company is performing. For the purpose of analyzing let us look at the following ratios and how the company has fared: Net profit margin: The Company has been earning a healthy net profit margin which has been constantly increasing from 10.66% in the year to 11.77% in the year 2003. Operating margin: The Company has a better operating margin in 2003 of 19.60% over the previous years. This indicates the company is very efficient in managing its operating expenses to generate revenue. Return on Capital Employed: The Company have earned handsomely for its investors as return so far on its capita l employed stands at approximately 25% which is far more than the cost of capital, assuming it to be at 10%. Debt Equity ratio: This ratio identifies the solvency of the firm by measuring the leverage position of a company. Higher the ratio the more leverage a company is and vice versa and hence higher financial risk. Superior Living Inc. has a very low debt equity ratio i.e. ... Pros and cons of going public Raising money by going public indicates accepting money from investors in exchange of ownership and control of the company without the obligation of paying back the money. The company as per its convenience benefits the investors by paying dividend from time to time. This sounds like easy money for the company but the flip side is that the ownership and control over the company would be foregone for the amount invested via equity financing. In the case of Superior Inc. the company is comfortably placed in terms of book debts. The debt equity ratio very low which means the company has not used debt to the extent it should have used. Generally the ideal debt equity ratio should be 1:2 but for Superior it’s around 1:40. Therefore, the prudent course of action for Superior Inc. is too raise capital by debt financing route which also brings in tax advantage as interest paid on debts is deductible from profits and dividend paid on equity cannot be deduc ted from profits. Debt financing does not affect the ownership structure of the company; hence the control remains with the owners of the company. Pros and cons of a capital expenditure Superior Living Inc. plans to start a new production plant as part of their expansion plans. To determine the financial viability of the this capital expenditure, various capital budgeting decision tools were used which includes payback period, net present value, internal rate of return and modified internal rate of return. The cost of project is $5,000,000 over a year and cash flow would start flowing in the company only from the second year. The expected cash inflow as a result of new production plant is expected to

Cats Cradle :: essays research papers

Synopsis: 'Cat's Cradle' by Kurt Vonnegut 1963 Abstract. This novel, filled with a variety of bizarre but all-too-human characters, focuses primarily on the ironic legacy of modern science, which, according to Vonnegut, promises mankind progress but only hastens the cataclysmic end of the world. As John, the narrator, researches the background for his book on the atomic bomb, he becomes fascinated by Dr. Felix Hoenikker. Hoenikker is the archetypal scientist, isolated from human contact, dedicated to his work, and completely without moral awareness. Like the child's game cat's cradle, which is meant to amuse but only terrifies his son, Hoenikker's scientific games are anything but harmless. Ironically the atomic bomb is not even Hoenikker's most devastating creation. Working on the rather innocuous problem of how to get soldiers out of the mud, he synthesizes "ice-nine," which is both better and worse than expected: It would freeze the water so soldiers stuck in the mud could lift themselves out, but this freezing action would continue until every bit of water on earth was turned into solid ice-nine. At his death Hoenikker's secret substance is entrusted to his children, who are predictably irresponsible and use the power of ice-nine only for their personal advantage. Vonnegut shows sympathy for Newton, Angela, and Frank Hoenikker, frail human beings who are simply incapable of the moral strength and wisdom demanded of them, but this makes the satire even more powerful: Mankind continually refuses to acknowledge what may be called its terminal stupidity and therefore perpetually threatens its own existence. There are a few positive forces in the novel, but each is undermined. Love, for example, is presented as a worthy but impossible, even comical ideal, symbolized by Mona Monzano and her insatiable habit of making love only by rubbing bare feet with another.

Transworld Auto Parts

Christine Lam BA 453 – Case Briefing: Transworld Auto Parts November 11, 2012 Company Overview: Transworld Auto Parts (TAP) is a Tier 1 manufacturer of original and after-market parts for automobile producers both in the United States and abroad. TAP focuses on manufacturing in two core product lines: electronics and interiors. Apart from that, it also separates its customer-centered divisions into four divisions: luxury, economy, mid-priced, and truck. TAP also serves in three main geographic markets including North America, Europe, and Asia.Problem Definition: Which of the two balanced scorecard approaches better illustrates how Transworld Auto Parts can improve their ROCE by 8% given the current economic downturn? Situational Analysis: Transworld Auto Parts belongs in the automobile manufacturing industry. This industry is very susceptible to industry trends and changes because much of the industry’s sales depends on the external environment which affects both consum er and supplier behavior. During 2008 when the economy experienced a global recession, many auto makers such as Chrysler and General Motors were on the brink of insolvency due to the decline in car sales.Utilizing the PESTEL framework to better understand the macro-environment, the recession reflects economic factors in the external environment which can influence the industry. The recession affected consumers in the sense that they possessed less disposable income, causing them to be less inclined to purchase new cars during this time. However, other aspects of the external environment can benefit firms within this industry. For example, with the rising automobile production in Asia, many suppliers can consider global expansion and developing sales in international markets.Many car manufacturers in Asia possess low labor costs and a great demand in local markets, so suppliers within the industry have this opportunity to expand. Not only is it important to consider the industry and external environment in which TAP operates in, it is also important to analyze its internal resources and capabilities in order to better understand the company. TAP currently has operations in four different customer-centered divisions: luxury, economy, mid-priced, and truck. However, TAP decided to only focus on improving their luxury and economy division because these two divisions will allow TAP to compete ggressively and make the most profit, according to their research. Each of the separate divisions is managed by a separate manager and supporting staff. This allows Ellen Bright, CEO of TAP to distinguish results from each division and form her own board of directors to make strategic decisions. TAP flourishes with this hierarchical structure because it allows the company to micromanage each separate division’s profitability for the company and for it to implement any changes when necessary.Strategy: After Bright decided to cut the other two divisions, each manager from the luxury and economy division respectively were assigned to create a balanced score card to describe their objectives on how to improve their division and what must be done to achieve their parent company’s target goal of an 8% return on capital employed (ROCE). Eckhardt, president of the luxury division presented a balanced score card that was simple yet with focused objectives for each aspect of the balanced score card.For example, the financial perspective contained 4 main goals: increase ROCE, increase cash flow, increase revenue, and increase gross margin. The customer perspective simply included: improve customer satisfaction, manage innovation, and initiation customer R&D partnerships. Similarly, the process perspective included two main goals: reduce raw materials cost and maintain quality leadership. Lastly, the learning and growth perspective only included one objective: increase employee engagement. On the other hand, Kwon, president of the economy division took a more complex and descriptive approach with the balanced score card.He went into detail about each of the four perspectives and proposed very specific, action-oriented goals. He had similar financial perspective objectives, but each of the other perspectives contained about four or five different objectives. For example, the learning and growth perspective contained six objectives: train buyers on low cost procurement, enhance electronic interchanges with customers and suppliers, transform workforce into JIT/lean experts, make JIT/lean a priority for all workers, alight IT to support TQM and JIT, and enhance workforce capabilities in TQM.Both approaches of the balanced score card aim to attain similar overall goals. Below are some pros and cons for each approach: Luxury Division- Pros: focusing goals in broad chunks make it easier to attain, with attainable goals employees are happier, creating healthier company morale Cons: too simple without specifically stating what actions mus t be taken in order to meet objectives, might cause confusion among employees Economy Division- Pros: very detailed with specific measures and actions on how to achieve objectives Cons: may seem to expect too much from employees, which makes goal appear to be and discourage employeesAction Plan: After analyzing both approaches to the balanced score card, the economy division presented a more well thought out and action specific plan to reach the company’s target goal. The most important factors to consider when analyzing balanced score cards are: * Does it describe and link? * Does it provide incentives and balances? * Does it predict and plan? Kwon did a great job describing each objective and linking it to other perspectives of the BSC. This in turn created specific goals which are measurable.The objectives he proposed included both financial and non financial goals creating an overall balance. Lastly, his balanced score card plans for not only short term objectives but als o long term objectives which helps plan for the company’s future success. In conclusion, Kwon had a better approach to the balanced score card and Bright should promote Kwon to the COO position. Appendix A Revised Balanced Score Card for Luxury Division | Objectives| Measures| Financial Perspective| Increased ROCE| ROCE| Increase Cash Flow| Year-to-date cash flow from operating activities| Increase Revenue| Year-to-date revenue|Increase Gross Margin| Gross Margin %| Customer Perspective| Improve customer satisfaction| global market share| Be low-cost provider of quality| % of components with prices lower than competitors| Manage innovation of products | number of new products introduced, customer surveys | Create customer R&D partnerships| number of customers with whom TAP partners with | Be highest quality provider| customer surveys | Process Perspective| Reduce raw materials cost| cost of raw materials with respect to % of revenue| Eliminating defect rates| track number of defects|Improve supplier base| number of suppliers, ratings of each supplier| Better inventory/demand forecasting| % reduction in inventory carrying costs | Improve manufacturing efficiency| reduction in unscheduled downtime, % reduction in labor hours per part | Learning and Growth Perspective | Increase training of employees| number of certified employees| Increase employee engagement| satisfaction surveys| Aligning IT support | % increase in IT spending| Managing tools employee uses| employee survey |

Different Culture in Guest of the Sheik by Elizabeth...

There are many countries in the world and every country is unique and individualistic with many exclusive qualities. Everyone in the world has a culture but it is not easy to accept or agree with other people’s culture. The ethnography, â€Å"Guests of the Sheik†, written by Elizabeth Warnock Fernea really captures what it is like to live and to be immersed into another culture. Ethnography is â€Å"comprised of the writings of the anthropologist, detailing the life ways of a particular culture, investigated by means of direct fieldwork† (Arenson, and Miller-Thayer 1). Elizabeth Fernea lived in a small village of El Nahra in southern Iraq for two years to gather data for her anthropologist husband Bob. In the beginning, she had limited knowledge of Iraq, its religion or culture, but as she started connecting with the women of the society, she came to learn both about this foreign country and about herself. Acculturation is â€Å"the process of acceptance result ing for the contact between two cultures, or an individual interacting in at least two cultures† (517). As she builds relationships with the woman’s, she is acculturated. As Elizabeth Fernea first arrived at Diwaniya station, she was the only woman without an abayah. She said, â€Å"I began to be self-conscious. This is ridiculous, I told myself. Why should I have to war that ugly thing-it’s not my custom; the arguments with Bob about the abayah returned in a rush† (Fernea 5). This shows that she could not accept wearing something thatShow MoreRelatedGuest of the Sheik by Elizabeth Warnok Fernea814 Words   |  3 PagesMiller-Thayer 520). Most of the cultures are used to seeing only female and male getting married but looking deeper into the society; we can see there are more to it. There are many different types of marriages. In an ethnography called, Guest of the Sheik, by Elizabeth Warnock Fernea, she talks about her experiences in a small rural villag e of El Nahra in southern Iraq. Ethnography is â€Å"comprised of the writings of the anthropologist, detailing the life ways of a particular culture, investigated by meansRead More Guests of the Sheik by Elizabeth Warnock Essay1010 Words   |  5 PagesGuests of the Sheik by Elizabeth Warnock Elizabeth Fernea entered El Nahra, Iraq as an innocent bystander. However, through her stay in the small Muslim village, she gained cultural insight to be passed on about not only El Nahra, but all foreign culture. As Fernea entered the village, she was viewed with a critical eye, ?It seemed to me that many times the women were talking about me, and not in a particularly friendly manner; (70). The women of El Nahra could not understand why she was notRead MoreThe Roles of Rituals in Guests of the Sheik by Elizabeth Warnock Fernea717 Words   |  3 PagesEvery Culture has a set of rituals that they partake in, that are often constructed over a long period of time. Simple Actions, and special moments contain so much meaning and make everlasting memories. All rituals despite the locations they originate from, or the location they are carried out in contain the same components, they are repetitive, symbolic, remind a certain group of people about their values and beliefs, and these ri tuals commemorate a significant moment. For example christians commemorateRead MoreEssay on What Is Anthropology? How Is It Done?2374 Words   |  10 Pagesshe transferred from Robert College in Istanbul, she changed her major to art history (Bass 1991:64). She visited the Roman ruins, but it wasnt the artifacts above ground that she was interested in (Bass 1991:64). She was interested in the earlier cultures buried underground (Bass 1991:64). When she completed her doctorate at Columbia in New York, she originally planned to apply atomic bomb techniques to archaeology by using atomic tracers, like lead isotopes, to map the global economy of theRead MoreGuests of the Sheik Essay1544 Words   |  7 PagesEastern Cultures Through its ethnocentric tales and family based beliefs, Elizabeth Warnock Fernea’s Guests of the Sheik suggests that to find the true representation of Islamic culture, one must leave ethnocentrism behind. Not only will we discuss ethnocentrism and the cultural differences between Western and Middle Eastern societies, we will also take a look at the women of El Nahra and family within the differing societies. Fernea entered El Nahra naà ¯ve to the culture. HoweverRead MoreGuests of the Sheik2095 Words   |  9 PagesGuests of the Sheik 10/27/10 Anthropology Ciara Schultz Out of all the many countries in the world, each one is unique and individualistic with many exclusive qualities to each one. Many times, the countries get compared to the Western civilization of the United States. The book Guests of the Sheik is just that, but more. An American woman, (Elizabeth Fernea) travels to a completely foreign land, not known at all to her and experiences the culture first hand. She is at first willing, sinceRead MoreThe Gypsies Case Study Answers1376 Words   |  6 Pageswho are boys are properly trained before entering adulthood. Although the women and men are separated for the majority of the day, they come together to eat and share stories. Even though the genders have different responsibilities, they all work together for survival and to preserve their culture. In the text, â€Å"Picturing the Past: Gender in National Geographic†, women in early history, prehistoric times, are viewed in a similar way to the Gypsie woman. In fact, both are often overlooked in comparison