Sunday, September 15, 2013

What was the most important historical event of the 1900′s?


write a one page essay on the following topic: What was the most important historical event of the 1900′s?
and include an quotation from a historical source.
This is for my US history class (American Civilization). The textbook we are using for this class is Davidson, James West. Experience history: interpreting America’s past. New York: McGraw-Hill Higher Education, 7th edition


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What was the most important historical event of the 1900′s?


write a one page essay on the following topic: What was the most important historical event of the 1900′s?
and include an quotation from a historical source.
This is for my US history class (American Civilization). The textbook we are using for this class is Davidson, James West. Experience history: interpreting America’s past. New York: McGraw-Hill Higher Education, 7th edition


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Water Balance


A lot of people think that drought means a lack of precipitation. However, precipitation is only part of the equation. Another important aspect about what we need to consider is the natural loss of liquid water to the atmosphere, the processes known as evaporation and transpiration (evapotranspiration). The higher the temperature, the higher the rate of evaporation in a particular area. Therefore, it is possible to have a drought in one region one year with a given amount of precipitation (35 inches), and to not have a drought the next year with less precipitation (30 inches). This is caused by the latter year have a lower rate of evaporation due to lower temperatures. For us to have a good understanding of the stresses that are placed on water resource it is necessary to have a good understanding of the hydro-climatic processes that are at work at different locations. Here we are looking at the periods of surplus, water utilization, deficit, and recharge. An analysis of these help indicate the severity of water needs in a particular area. In the mid-latitudes, the winter season is generally associated with surplus, when the soil is holding its capacity of water, partially due to low rates of evaporation. Spring is associated with water utilization, where the water stored in the soil from winter is being used up, at least until there is no water left in storage. Summer is associated with periods of deficit, when there is no water in storage, due to a lack of precipitation and high evaporation rates. The fall is associated with recharge, where moisture is being added to the soil due to declining levels of evaporation as the atmosphere begins to cool. Below we are looking at 2 very different locations, Berkeley, California, which is in a fairly dry environment, with a winter-time precipitation maximum, and Terre Haute, Indiana, which has a peak of precipitation in the summer months. Compare them for similarities and differences in their hydro-climatologic data.
A. Study the attached table in Figure 1 on of this Lab Exercise. This represents the Water Budget of Berkeley, California.
B. Using the Terre Haute, Indiana, data given below, complete a data tabulation of the average annual water budget of the area:

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WATER BUDGET FOR BERKELEY, CALIFORNIA (Figure 1)
J F M A M J J A S O N D
P 13.0 11.2 9.4 3.7 2.4 0.5 0.1 0.1 1.3 3.1 6.2 10.6
PE 2.6 3.2 4.5 5.6 7.1 8.4 8.8 8.2 7.5 6.3 4.3 2.8
P-PE 10.4 8.0 4.9 -1.9 -4.7 -7.9 -8.7 -8.1 -6.2 -3.2 1.9 7.8
Change in ST 0.0 0.0 0.0 -1.9 -4.7 -3.4 0.0 0.0 0.0 0.0 1.9 7.8
ST 10.0 10.0 10.0 8.1 3.4 0.0 0.0 0.0 0.0 0.0 1.9 9.7
AE 2.6 3.2 4.5 5.6 7.1 3.9 0.1 0.1 1.3 3.1 4.3 2.8
D 0.0 0.0 0.0 0.0 0.0 4.5 8.7 8.1 6.2 3.2 0.0 0.0
S 10.4 8.0 4.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Note:
The data is in centimeters (cm)
The estimated soil moisture is at field capacity
In the data tabulation, complete one column at a time. In this case,
January serves as an acceptable starting point.
Consult the following web sites for information about water budgets and the following terminology:
http://www.uwsp.edu/geo/faculty/ritter/geog101/textbook/hydrosphere/water_balance_1.html
http://ww2010.atmos.uiuc.edu/(Gh)/guides/mtr/hyd/home.rxml
Key:
P = Precipitation
Change in ST = change in 10.0 cm storage
ST = Actual storage (somewhere between 0 and 10 cm, inclusive)
AE = Actual Evapotranspiration (never greater than the Potential Evapotranspiration); evapotranspiration -> is the combined processes of evaporation and transpiration; the delivery of water to the atmosphere by vegetation and by direct evaporation from wet surfaces
D = Deficit (Will only occur when the soil has no moisture; ST = 0) ->
PE = Potential Evapotranspiration (the higher the temperature the greater; this is theamount that would be lost with an unlimited supply of water)
S = Surplus (will only occur at field capacity -> 10 cm -> soil is holding its maximum capacity of moisture
In terms of a water balance we generally look at 4 stages of water usage: surplus, usage, deficit and recharge. We are making an assumption, for the basis of this exercise, that the maximum storage capacity of the soil (field capacity) is 10cm. Using this value, a surplus can only occur when the soil is at field capacity in storage (10cm). Usage occurs as the soil water storage is reduced from 10 cm to none. A deficit will occur only when the soil has no water in storage. Recharge occurs as water is being added to storage, and the values of storage are increasing from 0 to 10 cm. Upon reaching 10cm, the soil will be back in a surplus situation. In the mid-latitudes, surplus is often associated with winter, usage with spring, deficit with summer and recharge with the Fall. One other assumption that we make here is that with the Berkeley data we are starting with 9.7 cm in storage at the beginning of the year and the Terre Haute starts off being at field capacity with a value of 10 cm of storage from the previous December.
Use Figure 2 for the Terre Haute data.
WATER BUDGET FOR TERRE HAUTE, INDIANA (Figure 2)
J F M A M J J A S O N D
P 7.4 6.8 9.6 9.4 10.1 10.2 8.1 8.2 8.7 6.9 8.4 7.5
PE 0.0 0.0 1.8 4.9 10.2 13.4 15.8 13.8 9.9 5.2 1.7 0.1
P-PE
Change in ST
ST
AE
D
S
STEP 1: P-PE is calculated by measuring Precipitation (P) minus Potential Evapotranspiration (PE) for each month.
Example: January at Berkeley is calculated as 13.0 minus 2.6, which equals 10.4.
STEP 2: Soil Storage (ST) will be a value between 0 and 10 cm. We will assume that in the previous December that the soil is saturated heading into January. It will remain saturated until P-PE is a negative value.
Example: At Berkeley, P-PE is positive in January through March, so ST remains 10.0 in January through March.
STEP 3: When P – PE becomes negative, that value is subtracted from soil storage, until ST reaches 0 or P – PE becomes positive again.
Example: In April at Berkeley, P – PE is -1.9 cm. 10 – 1.9 is 8.1 cm. In May at Berkeley, P – PE is -4.7 cm. 8.1 – 4.7 = 3.4 cm. In June at Berkeley, P – PE is -7.9. Since P – PE exceeds the Soil Storage of 3.4 cm from the previous month the Soil Storage (ST) goes down to 0. It can’t go down to any value less than 0.
STEP 4: The Soil Storage will remain at 0 until the P – PE becomes positive.
Example: At Berkeley, P – PE remains negative in the months of July, August, September, and October. Therefore, the storage remains 0.
STEP 5: When P-PE becomes positive, that positive value is added back to storage.
Example: At Berkeley in November P – PE is 1.9 and that added to the previous month’s storage of 0 gives a new storage value of 1.9. In December a P –PE of 7.8 added to the previoos month’s storage of 1.9 is 9.7 cm.
STEP 6: The change in storage is simply the change from the previous month’s value.
Example: At Berkeley in December, the change in storage from the previous month is 9.7 (December) minus 1.9 (November), which equals 7.8.
STEP 7: The difference between Potential Evapotranspiration (PE) and Actual Evapotranspiration (AE), is that PE represents the value that would exist with an unlimited amount of moisture at a given temperature, while AE represents the amount that could evaporate given the amount of precipitation (P) and water in storage (ST), that is actually available. As long as the soil is t full capacity (field capacity, which equals 10 cm), and P – PE is positive, AE and PE will be the same.
Example: At Berkeley, ST is at 10 and P – PE is positive in the months of January, February, and March. So, AE and PE are the same value.
STEP 8: When P – PE is negative, but ST is still above 0 for the entire month, AE and PE will still be the same value.
Example: At Berkeley, ST is still above 0, while P – PE is negative in the months of April and May, so the AE and PE are still the same.
STEP 9: Often we will have a month of transition where P – PE is a greater negative value than can be supplied by water in soil storage (ST). In this case AE is calculated by combining the precipitation from the current month and adding this with the storage that was available from the previous month:
Example: In Berkeley in the month of June P – PE was -7.9. There was only 3.4 cm of water in storage in the previous month May. To calculate the AE we combine the storage that was available in May and the precipitation (P) that fell in the month of June: 3.4 plus 0.5 equals 3.9 cm of AE. AE will always be equal to or less than PE, but never more.
STEP 10: If there is 0 water in storage and P – PE is a negative value, AE will be equal to only the amount of precipitation that falls.
Example: At Berkeley there is 0 water in storage and P – PE is negative in July, August, September, and October. So AE is equal to the precipitation that fell in each of these months only.
STEP 11: Once P – PE becomes positive AE and PE will be equal to one another.
Example: At Berkeley in November P – PE equals 1.9. This is also the value of AE since sufficient moisture is now available.
STEP 12: Deficits are only possible when there is 0 water in storage (ST), and is the difference between PE and AE.
Example: At Berkeley in June, ST is 0, PE is 8.4, and AE is 3.9. PE minus AE is 8.4 minus 3.9, which equals a deficit of 4.5 cm.
STEP 13: Surpluses are only possible when soil storage (ST) is at 10 cm, and is the difference between P and AE.
Example: At Berkeley in January P was 13.0 cm and AE was 2.6. The surplus is equal to P minis AE which is 13 minus 2.6, which equals a surplus of 10.4 cm.
Of course, Berkeley is a west-coast Mediterranean climate (distinct wet and dry seasons), and Terre Haute is a mid-latitude continental climate. How do these 2 locations compare in their surplus, deficit, usage, and recharge characteristics? Describe in detail, how and why these areas have differences in their characteristics. Remember to look at characteristics such as geographic position, topography, elevation, climate, prevailing winds, access to moisture, etc. T


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Give Me No Epiphanies


Read “Give Us Liberty” and “Against Epiphanies.” They are disparate essays. The first is a part of the Tea Party Manifesto. The second is a rhetorical guide how not to isolate your reader.
The assignment for this week is to bridge the two together. What can you learn from reading “Against Epiphanies” that will illuminate the ideas in “Give Us Liberty?” Put them together and come up with a new understanding.


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On-boarding and Basic Skills Training for Line Employees


Assume the role of Training Manager for Porter Pools, a nationwide company that designs and builds custom swimming pools for mansions and resorts. The strategic mission of this organization is to design pools that are esthetically pleasing, customized to meet the unique desires for each customer, and use cost-effective, environmentally friendly supplies. The overarching goal is to go beyond customer satisfaction to reach for customer excitement. The company motto is: Porter Pools: Personal, Pleasing, Perfect.
Porter Pools has recently acquired a small company that creates customized pool filters. As the Training Manager, your task is to create an on-boarding training program for the 17 new employees that will be joining your company as a result of the merger.
Your Assignment for this week is to present a framework for the orientation and training of the 17 new employees. This must include the employees’ opening weeks on the job, and continue on for at least the first six months the employees are part of the new organization (this does not require a week-to-week detail for each month). Your proposal should include details on what all employees need to know and do, company policies awareness, and an appreciation for the mission of Porter Pools. In your framework, you should include responses to the following questions:
•What training methods do you recommend, and why?
•Who should be involved in presenting this training?
•How can this initial training be aligned with the goals and strategies of the organization?
•What strategies would be built into the training to ensure that the training had adequately prepared the new employees?
•How will the return on investment (ROI) be determined on the training provided to justify that the training program should be implemented to reach strategic goals?


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Phase 4 IP


Respond to the following scenario with your thoughts, ideas, and comments. Be substantive and clear, and use research to reinforce your ideas.
Over lunch, you and Mary meet to discuss next steps with the expansion project.
“Do we have everything we need on sales and costs?” you ask. ”It must be time to compute the net present value (NPV) and internal rate of return (IRR) of the Apex expansion project.”
“We have the data from James and Luke regarding projected sales and costs, respectively, for the food packaging project,” says Mary. “It is feasible to project that we will receive a tax break from this implementation. I have information from our audit firm, which indicates that future depreciation methods for taxes will be straight-line; however, the corporate rates will be reduced to 35% as we assumed in our weighted average cost of capital (WACC) calculation.”
“That sounds good,” you say.
“Right,” says Mary. “You can use the WACC of 1% listed in the excel file posted for the computation of the NPV and comparison for IRR.”
“I’ve got the information I need from Luke and James,” you say. “Does this look right to you? Here’s what they gave me,” you say, as you hand a sheet of paper to Mary.
“Let’s look at this now while we’re together,” she says.
The information you hand to Mary shows the following:
•Initial investment outlay of $30 million, consisting of $25 million for equipment and $5 million for net working capital (NWC) (plastic substrate and ink inventory); NWC recoverable in terminal year
•Project and equipment life: 5 years
•Sales: $25 million per year for five years
•Assume gross margin of 60% (exclusive of depreciation)
•Depreciation: Straight-line for tax purposes
•Selling, general, and administrative expenses: 10% of sales
•Tax rate: 35%
You continue your conversation.
“It looks good,” says Mary. “Use this information from Luke and James to compute the cash flows for the project.”
“No problem,” you say.
“Then, compute NPV and IRR of the project using the Excel spreadsheet I sent earlier today,” says Mary. “Use the IRR financial function for the computation of IRR.”
“Okay,” you say. “I’ll submit my Excel file showing the computation of cash flows, NPV, and IRR by the end of week so you can look at it over the weekend.”
“Thanks,” says Mary.
To recap: Complete the above worksheet for this assignment.
•Explain and illustrate the use of NPV and IRR in project valuation selection.


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management



Assume you are the Chief Finance Officer (CFO) of a publicly traded nationwide chain of Kwality food stores. Your company is considering opening a new store; a space is available in the Federation Square building in Melbourne. If you do not sign the lease today there is a high probability that someone else will.
The building management has offered you a choice oftwo leases:
Lease A is an open ended lease that will allow you to operate in the building without any options to break the lease. Underthis lease the new store will cost $9, 000 per month to operate including lease payments.
Lease B provides you with the once-off option to walk away from the lease with no financial penalties at
two months. However, lease payments underthis lease will be an additional $1,000 per month.
You are facing two possibilities here: If everything going in the right direction, you can expect to generate $17, 000 per month in revenue in perpetuity. However, if your customers are mainly limited to morning and evening commuters, you expect the revenue to be halved. You estimate that there is an equal probability
for each ofthe above revenue possibilities. The set up cost ofthe store will be $350, 000 and assume a required rate of return of9% per
year
As the CFO which lease would you sign? Provide calculations to support your answer. (marks 5)


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