PHYSIC 300 LAB Report Coursework Example | Topics and Well Written Essays - 500 words

PHYSIC 300 LAB Report - Coursework Example A taut monofilament, which ran to the other end of the room, was threaded through the straw attached to the balloon. This was followed by releasing the hand-sealed balloon opening to launch the balloon into motion. The speed of the balloon was noted. The experiment was, respectively, repeated with ten pennies and ten Yen coins. The results of the experiment, indeed, validated the law of action – reaction, which states that to every action there is always opposed and equal reaction due to conservation of momentum. Simply put, if a body A exerts a force F on a body B, body B simultaneously exerts a force F of the same magnitude on body A provided both bodies are acting along the same line. Thus, as observed in our experiment, the balloon, by releasing the pressure inside, was launched into motion with a momentum that changes in proportion to the force exerted. The moving balloon exerted this force on the attached pennies/coin, as the case maybe. Following the law of action and r eaction, the pennies/coin exerted a force of the same magnitude on the balloon but in the opposite direction. We observed that as the number of the pennies increased from five to ten, which correspondingly increased the mass, the acceleration of the balloon decreased.

New Product Questionnaire Essay Example for Free

New Product Questionnaire Essay As a woman you are created with a special gift, it’s like little extra ingredients that all women have within them. The poem â€Å"Phenomenal Woman† by Maya Angelou, she speaks about the elegance of a woman, her inner being the way she glow without saying a word Maya expressed how men are amazed by her presence â€Å"men themselves have wondered what they see in me† (line 31-32). It’s hard to put your finger on it all women were born with the power. In the poem â€Å"Still I rise† by Maya Angelou she described the struggles of life trials and tribulations you face in society and the way people may judge you. As if she was writing about a woman â€Å"does my sassiness upset you? †She also wrote in another stanza â€Å"does my sexiness upset you? †She used this comparison to show she is a sexy woman who demands respect. Maya’s attitude in this poem is portraying a confident black African American woman. She is really laughing at men challenging them. They cannot stop her from rising above all expectation. This poem gives you not only inspiration encouragement to be fearless; to the end of it all you must believe you still rise above it all. The title gives a sense of entity and power. This masterpiece the poem â€Å"phenomenal woman† has also empowered women to get more in touch with their inner beauty. Maya describes in great detail the mystery of women and the behavior of men and their reaction. It shows women to not only love your-self but to embrace every aspect of your mind, body and soul. Maya show that sexuality isn’t only related to outer beauty, or by the way you dress it more about how you feel within your own skin . she shows you instead of hating your body love it from the crown of your head to the sole of your feet. In society today women enhances their body by doing plastic surgery to feel accepted. She feels inferior clearly stating that every part of a woman is beauty. In comparisons to â€Å"Phenomenal Woman† and â€Å"Still I Rise† both poems Maya speaks about not bowing to the â€Å"oppressor†. You can feel her compassion in every word in Phenomenal Woman â€Å"now you understand why my head’s not bowed† (lines 47). Still I Rise forth stanza â€Å"with head bowed and eyes lowered? †Within these lines she stresses that she will not conform to what society made her out to be, that she will soar above and beyond everyone expectations. The little gives a sense of entity and power. In conclusion these two poems have few similarities; Maya characterized the strength of an African American woman. By using powerful words she described the emotional aspect of inner beauty, standing proud professing no one will ever bring her down not by the color of her skin nor the fact of being a woman that there’s more within.

New Deal America :: American America History

New Deal America The stock market crash of 1929 helped launch the United States and many other nations into the worst economic depression in history. The severity of the Great Depression called for federal government programs to protect the general welfare of citizens. The New Deal programs created by Franklin D. Roosevelt provided the framework for the welfare state that still serves as a basis for American public policy. All aspects of American society suffered during the Great Depression. By 1932, there were thirteen million people unemployed. There was no security for the millions who lost all of their savings in the bank failure or stock market crash. Volunteer organizations attempted to help the needy, but their resources were simply not adequate (Madaras and SoRelle 218). Hope seemed non-existent. Americans had never seen such a severe depression. They could not look to history for guidance. The New Deal was Roosevelt's attempt to restore the economy. His willingness to act decisively and experiment with new policies set him apart from previous presidents. He often said, "I have no expectation of making a hit every time I come to bat. What I seek is the highest possible batting average"(Tindall and Shi 1238). In the first years of Roosevelt's term he worked hard to empower the federal branch. The New Deal set the precedent for 20th century liberalism. The first order of business for the Roosevelt administration was financial reform. Banking is a crucial aspect of capitalism and Roosevelt was very aware of this fact. On his second day in office, Roosevelt called Congress to meet in a special session. The outcome was the Emergency Banking Relief Act, which permitted stable banks to reopen and provided managers to those who remained in trouble. The Glass-Steagall Act separated commercial and investment banking and created the Federal Deposit Insurance Corporation. These actions all helped restore banking confidence within American people. Roosevelt ensured that it was safer to "keep your money in a reopened bank than under the mattress"(Tindall and Shi 1238). After accomplishing this task, the new administration was ready to solve other problems. Other financial programs included the Securities and Exchange Commission (SEC), National Industrial Recovery Act (NIRA), and the Agriculture Adjustment Administration (AAA). The SEC functioned in regulating the stock and bond markets. The NIRA and AAA were aimed at recovery through regulation. The NIRA played a big role in restoring faith and confidence in the system and helped to increase demand and wages, but realistically it was impractical; it abandoned the American market system.

Memorandum of Law and Letter Sample

Memorandum of Law To: Al Smith, Senior Partner From: Research Associate RE: State and Federal Court System for California: Bob v. Al, Kathy, Dan Date: January 3rd, 2012 Questions Presented I. Overview of the State and Federal Courts in California. II. Which California court or courts hold jurisdiction for the amount in controversy in the three lawsuits that Bob wants to file? III. Why should Bob file his lawsuits in a particular court or courts? IV. Which case Bob must represent himself? Statement of FactsOur client Bob resides in Los Angeles, California and has asked for our advice in three separate cases in which he has loaned people money. In the first case, Bob loaned $500 to Al. Al signed a promissory note which says that Al will repay the loan in one month. Al has not paid anything. In the second case, Bob loaned $7,000. 00 to Cathy 14 months ago. Cathy signed a promissory note which states that she would pay the note in full in 12 months. She has not paid. In the third case, B ob loaned $55,000 to Dan 24 months ago. Dan signed a promissory note stating he would repay the loan in 18 months. Dan has paid nothing.Al, Cathy, and Dan all reside in Los Angeles, California. California Statutes of Limitation Written agreements (promissory note): 4 years, calculated from the date of breach. Oral agreements: 2 years. The statute of limitation is stopped only if the debtor makes a payment on the account after the expiration of the applicable limitations period. Brief Answers I. Superior courts now have trial jurisdiction over all civil cases including family law, probate, juvenile, and general civil matters. For monetary issues under $10,000 a person in pro-per living in Los Angeles could file a complaint in small claims court.All filings over $10,000 would have to be made in Los Angeles County Superior Court Civil Division. If we were to receive an unfavorable ruling above in a court other than small claims court we would file an appeal to the 2nd District Court of Appeal also located in Los Angeles, California. If that ruling was not in our favor we could than appeal to the California Supreme Court if necessary. Federal courts are similar in structure to State courts in California. The Supreme Court is the highest court in our country’s judiciary. There are two levels of Federal courts under the Supreme Court, they are The U.S. District Courts (the Trial Courts), and The U. S. Courts of Appeals (the Appellate Courts). II. The three lawsuits could be fled in Los Angeles County Superior Court. To save himself some time and money Bob could file the cases against Al ($500) and Cathy ($7,000) in small claims court. However, we would not be able to make appearances for Bob in those two cases since they are in small claims court, we could advise and prepare him on what he needs to say while he is in court. If Bob wants us to make the appearances for him we could file all three cases in Los Angeles Superior Court Civil Division.If Bob elects to handle the first two cases on his own in small claims court we could represent him on the third case against Dan ($55,000) in Los Angeles Superior Court Civil Division. Bob does have the option of filing against Dan in small claims court but he would only be able to receive $10,000 and would forfeit the remainder of the loan forever. Bob should also know that any of our fees would not be recoverable in small claims court except in rare cases. III. Bob should file the two smaller cases in small claims court to save him time and money in getting a judgment that can be enforced.Our firm can represent him in the third case against Dan and we should be able to recover attorney fees and cost for him when we win a judgment for him. After a judgment is made we can assist Bob in filing the appropriate liens in his case to make sure he has a way of recouping his losses from the defendants. IV. Bob must definitely represent himself in the first case with AL in small claims court. Since it i s such a low sum of money it would not be worth it for him to use our firm for anything other than legal advice in what documents he needs to file and things he needs to say while in court.If Bob feels comfortable after he does the first case he should have no problem proceeding on his own in the second case in small claims court. Discussion I. The State of California Supreme Court gains authority and jurisdiction through the Constitution of California, Article 6 Section 1. The authority of dividing the state into division creating the Court of Appeals jurisdictions is giving to the legislature through the Constitution of California, Article 6, Section 3. The legislature has set up six districts for the Court of Appeals based on geography. Within the jurisdiction of the Court of Appeals are the Superior Courts of California.The Superior Courts have been created by the authority of the Constitution of California, Article 6, Section 4. The authority of the Supreme Court is given via t he 14th Amendment of the United States Constitution and is subdivided into the different circuits and districts by authority of the United States Code Title 28, Part 1. In this Code are the needed statutes giving power and jurisdiction to the various federal courts. The court of appeals are comprised of thirteen separate judicial circuits as stated in United States Code Title 28, Part 1, Chapter 3,  § 41.This same statute covers the area of California, placing California into the Ninth Circuit Jurisdiction. United States Code Title 28, Part 1, Chapter 5,  § 84, (C), Section (1) divides the Central District into Divisions placing Los Angeles into the Central District Courts and the Eastern Division. This division comprises the counties of Riverside and San Bernardino. Court for the Eastern Division shall be held at a suitable site in the city of Riverside, the city of San Bernardino, or not more than 5 miles from the boundary of either such city. II. Bob is requesting information on three different cases that have similar fact patterns.Bob’s case Vs. Al will need to be filed within California Superior Court, Small Claims Court Title Three based on Civil Rules 3. 1 – 3. 2120. This division will hear Bob’s claim for the amounts under $10,000 SB221. A plaintiff may not file a claim exceeding $2500. 00 more than twice per year, so this should be kept into consideration should Bob have subsequent claims in the near future. Bob’s claim against Cathy based on the $7,000. 00 promissory note should be filed as an action as a Small Claims Case to be tried within the Superior Court Small Claims Division, of Los Angeles.Both cases against Cathy and Al can be handled similarly since the only difference is the dollar amounts. Bob can see how comfortable he feels after the first case is completed and then decide if he wants to handle it in small claims court or if he would like our firm to represent him in Superior Court Civil Division. In Danà ¢â‚¬â„¢s case if Bob didn’t think he would ever recover more than $10,000 he could handle this case in small claims court and save himself time and money although he would be taking a major loss.If Dan has the assets and ability for Bob to get his money back than our firm should represent him in the civil division of Los Angeles Superior Court and Bob with a judgment Bob would be able to recover attorney’s fees. III. By filing the first two cases in small claims court Bob will save money and time and be able to enforce a judgment he receives sooner instead of the two cases being tied up in court. Obtaining a Lien after judgment under CALIFORNIA CODES CODE OF CIVIL PROCEDURE SECTION 697. 310-697. 410 would be the only way to make sure our client can recoup his claims.The case with Dan should be filed in Los Angeles Superior Court Civil Division so Bob has a chance at recouping all of the money he has loaned. IV. Bob must represent himself in any case he wants to file in small claims court pursuant to California Civil Code, Section 116. 540 stating that except in circumstances that will not relate to this inquire about attorney representation, and â€Å"no individual other than the plaintiff and the defendant may take part in the conduct or defense of a small claims action. __________________________ Research Associate Client Letter Dear Bob, You have asked me to do some legal research regarding the overview of the State and Federal Courts in California and where to begin the recovery of three loans you made at different times to three different people in Los Angeles, California using promissory notes. For monetary issues under $10,000 a person living in Los Angeles could file a complaint in small claims court. All filings over $10,000 would have to be made in Los Angeles County Superior Court Civil Division.If we were to receive an unfavorable ruling above in a court other than small claims court we would file an appeal to the 2nd District Court of Appeal also located in Los Angeles, California. If that ruling was not in our favor we could than appeal to the California Supreme Court if necessary. Federal courts are similar in structure to State courts in California. The Supreme Court is the highest court in our country’s judiciary. There are two levels of Federal courts under the Supreme Court, they are The U. S. District Courts (the Trial Courts), and The U. S. Courts of Appeals (the Appellate Courts).It is my understanding that Al, Cathy and Dan are refusing to repay the generous loans that you made to them. Under California Statue of Limitations you have 4 years to file a claim for breach of a promissory note and you are well within your rights to do so as long as you don’t wait longer than four years from the date that the breach occurred. In order for you to start your two cases against Al and Cathy you will need to file a claim in Los Angeles County small claims court as the amounts of $500 and $7,000 i s well below the small claims court allowable limit of $10,000. I would be happy to ssist you in filing your claim and can also assist in preparing you for your court date but small claims court rules do not allow you to be represented by an attorney at court. By filing this case in small claims court and then obtaining a judgment this would be the cheapest and fastest way in helping you to recover your money in this case. The third case against Dan would have to be filed in Los Angeles Superior Court Civil Division. In this case you could also file for reasonable attorney’s fees and cost as well as the $55,000 loan. Please let me know whether there is anything else I can do for you. Respectfully, Al Smith

Cheerleading

Approximately half of the states in the United States have already recognized high school cheerleaders ender Title IX legislation (Variants, 2009, p. 41). Since the popularity of competitive cheer is increasing, many colleges and universities are looking to improve Title IX compliance with the addition of competitive cheer as a participation opportunity for its female students. These colleges and universities are faced with the dilemma that competitive cheer is not recognized by the National Collegiate Athletic Association (NCAA) as a sport; therefore, the researcher feels that competitive cheer should be an intercollegiate varsity sport.The purpose of this position paper is to provide respective to the problems that colleges and universities face in complying with Title IX and to provide reasons why competitive cheerleaders should be an intercollegiate varsity sport. Since the passage of Title IX in 1972, female participation in sports has increased dramatically. Girls and women are no longer relegated to the sidelines, but are suiting up and Joining men on the playing fields. The legislation of Title IX prohibits sex discrimination in educational institutions that receive Federal financial assistance.The law states: â€Å"No person in the United States, hall on the basis of sex, be excluded from participation in, be denied the benefits of, or be subjected to discrimination under any educational program or activity receiving federal financial assistance† (Carpenter and Costa, 2005, p. 3). Title IX was enacted to deal with all aspects of education, including admissions, recruitment, course offerings, financial assistance, housing, counseling, physical education, employment, insurance benefits, student health, and martial and parental status of students.During the original conception of the amendment there was no obvious accumulation that sports programs and athletic activities at the interscholastic and intercollegiate levels were covered under the regul ations of Title ‘X. Therefore, a great deal of perplexity generated on how to handle athletic sports under the Title IX Amendment. As a result, in 1974, the Cavity Amendment became a component of Title IX which acknowledges that all athletic activities and sports would be included in the legislation.In the 1996 Clarification, the Department of Education provided educational institutions and programs with an extensive range f specific factors and descriptive examples to assist institutions and programs understand the flexibility of the â€Å"three-prong test. † The â€Å"three-prong test† determines whether an educational institution's intercollegiate athletics program offers fair and equitable participation opportunities for both genders; the educational institution must show compliance with one of the following three prongs: 1.Prong One shows that male and female athletes are substantially proportionate to the institution's respective undergraduate enrollment. 2 . Prong Two shows a ex among the intercollegiate athletes. 3. Prong Three demonstrates fully and effectively accommodate the interest and abilities of the underrepresented sex of the intercollegiate athletes. The 1996 Clarification letter describes the â€Å"substantial proportionality' portion of the three-prong test as a â€Å"safe harbor† for Title IX compliance (US Department of Education Website).Moreover, this Clarification letter influenced many educational institutions to believe that ensuring strict measures of proportionality will fulfill Title IX requirements. Each one or the three prongs is evenly essential as a means for fulfillment of Title IX regulations; therefore, no one prong is more beneficial than the other. In 2005, the Additional Clarification was released in regard to the application of the indicators in the 1996 Clarification that guided Scar's (Office of Civil Rights) analysis of the â€Å"substantial proportionality' prong of the three-prong test.A lso incorporated in the Additional Clarification was a User's Guide which contained a model survey that educational institutions could utilize to measure student interest and participation in intercollegiate athletics. This clarification modified Scar's approach from dependence on the multiple prong tests to mainly utilizing the single survey instrument to demonstrate the institution's Title IX compliance.After many deliberations, in 2010, the OCCUR rescinded the 2005 Additional Clarification and User's Guide because it was inconsistent with the nondiscriminatory methods of assessment set forth in the 1979 Policy Interpretation and the 1996 Clarification (US Department of Education Website). Presently, due to the vague nature of the three-prong compliance test, most colleges and universities Ely only on the â€Å"substantial proportionality' prong to satisfy Title IX legislation requirements.Therefore, the reliance on this prong has resulted in a great number of men's non-revenue s ports to be cut from intercollegiate athletic programs in order to meet the proportionality requirement (Variants, 2009, p. 43). A major way to decrease the elimination of men's non-revenue sports is for intercollegiate athletic programs to put more emphasis on â€Å"prong three† which concentrates to fully and intercollegiate athletes. The underrepresented sex in intercollegiate athletics is the male and with the addition of competitive cheerleaders as a varsity intercollegiate sport will assist educational institutions' Title IX issues.The OCCUR sets guidelines to assist educational institutions and programs in determining whether an activity should be considered a varsity intercollegiate sport under the Title IX legislation. Unfortunately, OCCUR does not offer educational institutions with a precise definition of what is considered an athletic opportunity or a â€Å"sport† for the purposes of Title IX requirements. Instead the OCCUR provides educational institutions with a five features hat can to be counted as a varsity sport for Title IX purposes that a sport must: 1.Be administered by the athletics department in a manner consistent with established varsity sports. 2. Offer athletics scholarships and recruit participants. 3. Have practice opportunities and regular-season competitive opportunities similar to established varsity sports 4. Conduct state, conference, or national championships. 5. Exist for the purpose of athletics competition, not to support or promote other athletics activities (NCAA. Org). The Women's Sports Foundation (WAS) and the NCAA Foundation (2000), a â€Å"sport† is defined as: 1. Physical activity that involves propelling a mass through space or overcoming the resistance off mass, 2. A contest or competition against or with an opponent, 3. Is governed by rules which explicitly defined the time, space, and purpose of contest and the conditions under which a winner is declared, and 4. The acknowledged primary pur pose of the competition is a comparison of the relative skills of the participants (Para. 3 and Boyce, 2008, p. 3). Under the WAS, as long as â€Å"competitive cheer squads compete against other similar squads and function underNCAA regulations then cheerleaders can be considered a sport; consequently, the foundation found that cheerleaders is not a sport because their purpose is not to compete and most competitions are not structured like school sport competitions† (Variants, 2009, p. 43). Second, the NCAA defines a sport as â€Å"an institutional activity involving physical exertion with the purpose of competition versus or teams or individuals within a collegiate competition structure† (NCAA. Org).Additionally, NCAA explains the concept of â€Å"emerging sports† that is a sport intended o provide additional athletic opportunities to female student-athletes, to have standardized rules with a scoring system ratified by a governing body, and have regularly sched uled competitions. The USA Federation for Sport Cheering is a not-for profit organization and is the national governing body for all disciplines of cheerleaders. Moreover, USA Cheer exists to serve the entire cheer community, including club cheering, traditional school based cheer programs and the new sport of â€Å"stunt. USA Cheer has three primary objectives: 1 . Help grow and develop interest and participation in Cheer throughout the United States; 2. Remote safety and safety education for cheer in the United States; and 3. Represent the United States of America in international cheer competitions (USA Cheer. Org). Therefore, does competitive cheer meet these requirements to be considered an intercollegiate varsity sport in eyes of the OCCUR and the NCAA?The USA Cheer and the cheerleaders community are making strides to create and launch Stunt, a new competitive team sport which provides increased athletic and educational opportunities for young women. Stunt is a by-product fro m the skills and techniques of traditional side line heralding. Moreover, USA Cheer is desperately trying to get â€Å"stunt† recognized as an NCAA emerging sport. The competitions will consist of four quarters: partner stunts, Jumps and group tumbling, tosses and pyramids, and team routine (Vesuvius, 2011, p. 457).There are 15 collegiate club teams with twenty to thirty participants. The USA Cheer suggests 12 to 16 numbers of competitions per season and requiring six to eight varsity members (p. 459). Currently, stunt provides additional opportunities for the more than 800,000 cheerleaders in the United States, including gig school age looking for an athletic opportunity at the intercollegiate athletic levels (USA Cheer. Org). Bidder v. Chinquapin University is a recent Title IX case concerning competitive cheer as a sport, roster manipulation, and female athletic participation.In March 2009, the Chinquapin University women's volleyball team and their coach Robin Sparks file d a lawsuit against Chinquapin University because officials announced that it would cut women's volleyball, men's golf, and men's outdoor track to help balance its budget, and would replace those sports with a limitation, the volleyball players and their coach partnered with the American Civil Liberties Union (UCLA) of Connecticut and filed this lawsuit charging Chinquapin University had failed to provide female students with equal opportunity to participate in varsity intercollegiate athletics.Their claim was the university violated the first part of the Title IX proportionality test since 62 percent of Chinquapin University's undergraduate students were women and only 50 percent participated in athletics. Pending the lawsuit, the federal Judge issued a preliminary injunction preventing Chinquapin University from dissolving the team. The ruling also prohibited the university from eliminating any other women's teams or athletic participation opportunities (The Associated Press, 2009 ).The officials at Chinquapin University were under the impression that competitive cheer was deemed as an intercollegiate sport recognized by the NCAA and Title ‘X. In July 2010, U. S. District Judge Stefan Undersell ruled that counting the competitive cheer team as varsity athletes violated Title IX standards because it did not meet the requirements for a varsity sport according to the OCCUR. Undersell highlighted not only the importance of having competition to be recognized as a sport but also that a sport must â€Å"resemble all other varsity sports at the institution in structure and operation† (Inside Higher Deed, 2010).In comparison with other varsity sports at Chinquapin, the competitive cheer team's 2009-10 season faced inconsistencies in terms of opponents competed against and an unified scoring system used. In conclusion, Judge Undersell wrote in his decision that â€Å"competitive cheer may, some- time in the future, qualify as a sport ender Title ‘X ; however, today the activity is still too underdeveloped and disorganized to be treated as offering genuine varsity athletic participation opportunities for students† ( Inside Higher Deed, 2010 and Thomas, 2010).Judge Undersell also noted that competitive cheer is not a National Collegiate Athletic Association (NCAA) sport; even though, six schools in the country compete for competitive cheer and have a governing body called National Competitive Stunt and Tumbling Association. Also, Judge Undersell extended the injunction requiring Chinquapin to keep volleyball as a varsity sport for another season, which was wrought the 2010-11 season. Judge Undersell mandated that â€Å"any decision to eliminate women's volleyball† must be â€Å"accompanied by other changes that will bring the university into compliance with Title ‘X† (Inside Higher Deed, 2010).In conclusion, Title IX is a very critical piece of legislation that has laid the fundamental framework for the advancement of gender equity. Therefore, Title IX still plays a vital role in the achievement of pure gender equity because girls and women in sports have a great deal more to accomplish. A goal of Title is to not deny any gender of participating in sport or athletic activity of their interest; therefore, it is important to give equal athletic opportunities to female athletes who are interested in competing in an up and coming sport like competitive cheerleaders.Recognizing competitive cheerleaders as a sport would give educational institutions the ability to put the focus on strengthening safety regulations of competitive cheer because the NCAA would require strict regulations for a intercollegiate varsity sport. Meanwhile, competitive cheer will not completely solve the gender equity issues for girls and omen and the crisis of the elimination of men's non-revenue programs but it would the many female athletes the opportunity to participate in a sport that has been around for many , many decades.

The RailRoad in Russia essays

The RailRoad in Russia essays In 1556 Georgius Agricolas book, De re metallica, mentioned the first idea of a railroad. It was a very primitive, mining railway that operated using wooden poles as tracks and small carts to move soil. Similar systems of operation were used in factories and lumber mills until they were replaced by cast-iron rails and the development of a locomotive capable of hauling heavy loads, by Richard Trevithick in 1804. However, it wasnt until 1825 with the development of the Stockton and Darlington Railway in England during the start of the Industrial Revolution, that steam-powered freight and passenger service really started to become a major factor in industrial development. Like so much of present day society, the railroad, as we know it, was a product of the industrial revolution. This revolution depended on a source of power for the new machines being developed. Initially, running water was used to turn paddle wheel, but as factories became larger and more numerous, more power was needed and new sources of power became necessary. As a result, steam became more widely used. With the invention of Thomas Newcomens steam powered pump developed for removing water from mines and James Watts greatly improved Newcomens engine, a new, powerful steam engine was born. Although it is sometimes suggested by historians that the railroad was developed in America due to many other inventions which came about during the same time period, the railroad was really a result of an industrial need. In 1804, Richard Trevithick, a reputable engine builder, developed a vehicle driven by a steam powered engine. The vehicle was primitive but utilized many innovations that are still in use today. As the industrial revolution went on, America began to refine the steam locomotive. Eventually they became the leaders of the railroad world. Most of the first industrial transportation in Russia took place using it&a...

Fin 571 Week 1 Assignment Essays

Fin 571 Week 1 Assignment Essays Fin 571 Week 1 Assignment Essay Fin 571 Week 1 Assignment Essay Guillermo Furniture Store Concepts FIN/571 October 31, 2011 Guillermo Furniture Store Concepts This assignment sets out to explain the pertinent financial concepts and principles found in chapters two and three of the text Corporate Financial Management by (Emery, Finnerty, Stowe, 2007) and how they relate to the context of the Guillermo’s Furniture Store scenario. Guillermo’s was a leading furniture manufacturer who enjoyed inexpensive labor and convenient supplies of raw material next to his location in Sonora, Mexico, until in the late 1990s when his downturn started. An overseas competitor from Norway entered the area with a high-tech approach to the furniture manufacturing business. They offered to make product to exact specifications and at an all-time low price. Besides, challenge came from the burst of development in the area and an influx of people. This hindered the safe economic environment Guillermo’s enjoyed. Profit margins diminished as Guillermo’s was placed in a competitive environment. He applied the behavioral principle, which states that when all else fails look at what others are doing for guidance. He researched his competition and found that they were consolidating into larger organizations through merger or acquisition. However, because of his independent nature, he did not delight in such an idea. His take on the trend was quite the opposite of the Self-Interested Behavior principle, which says that when all else is equal, all parties to a financial transaction will choose the course of action most financially advantageous to themselves (Emery, Finnerty, Stowe 2007, p. 20). : The course of action that was most financially advantageous to the company was to research his competition’s approach and explore new approaches to the business. Taking another principle into consideration, the Principle of Two-Sided Transactions, which states that understanding financial transactions requires that we not become self-centered? One may want to argue that Guillermo did quite the opposite of this principle, which led to his rejection of the consolidating approach and research of the foreign ompetition. In Norway their high-tech solution utilized computers that man the production line. This gave way to reduced labor cost, increased precision in cutting, and robots assembling the furniture. With the aim of coming up with the best decision, Guillermo assessment of the situation after his investigation had to have been one that evaluated the cost, economic benefits, financial benefit, and value among other things of the various options available. From his Norwegian research he learned that technology is very costly. However, it would dramatically reduce his production cost. From discussion with his distributors he learned he could have serve as a representative for a different manufacturer and move his company from primarily manufacturing to primarily distribution. Then there was his patented process for creating a coating for his furniture. With this option he had a market for flame resistant furniture but not as much as much for finished coating. To determine the best decision Principle such Incremental Benefits, Risk-Return Trade-off, and diversification should be taken into consideration. The Principle of Risk-Return Trade-Off says that if you want to have a chance at some really great outcomes, you have to take a chance on having a really bad outcome. In a financial transaction, we assume that when all else is equal, people prefer higher return and lower risk (Emery, Finnerty, Stowe, 2007). Having to take risks is anticipated when managing a business. In conclusion, to determine the best concept, create value and economic efficiency, Guillermo needs to come up with a new idea, establish comparative advantage, or make customers order to specification. The competition utilized the latter and has forced him into this state. Observing financial transactions involves risk and taking a risk is a chance Guillermo would have to be ready to take. Determining the best return often helps with decision-making process. The other great financial option is to diversify. Putting all his eggs in one basket may lead him to a worse position in the future. Nevertheless, the principle of self-interested behavior will in the end lead to the best decision. Reference Corporate Financial Management, Third Edition, by Douglas R. Emery, John D. Finnerty, and John D. Stowe. Published by Prentice Hall. Copyright  ©2007 by Pearson Education, Inc. Guillermo’s Furniture Store Scenario, University of Phoenix