The Character of the Green Knight in Sir Gawain and the Green Knight Es

The Character of the Green Knight in Sir Gawain and the Green Knight In the most general sense, the Green Knight is an anomaly to the story of " Sir Gawain and the Green Knight," the only supernatural element in what is otherwise a very believable and wholly real rendering of a specific length of time. Gawain is momentarily tricked into believing†¹or, rather, hoping†¹that the garter is magical in nature, but both his fear and the Green Knight dispel him of that heathen notion. Thus on the one hand the poet warns us of the danger of accepting the supernatural qua supernatural, while on the other he demands that we understand the Green Knight to be an expression of the "power of Morgan le Fay," who is "well taught in magic arts." The effect of this then is to thrust the Green Knight into an even greater shroud of mystery than normal for Arthurian tales, which usually feature a whole cast of impossible characters. From this isolated line of thought, it would seem as if the Green Knight ought to be held only to his own, strange, separate rules. Since he is the sole f...

Investment and Equity Cost

2. Suppose the market portfolio has an expected return of 10% and a volatility of 20%, while Microsoft’s stock has a volatility of 30%. A. Given its higher volatility, should we expect Microsoft to have an equity cost of capital that is higher than 10%? No, Microsoft is diversifiable and it will not be affected by the changes in the market. We do not expect Microsoft’s equity cost of capital to be higher than 10%. Each stock carries its own weight. B. What would have to be true for Microsoft’s equity cost of capital to be equal to 10%? In order for Microsoft’s equity cost of capital to be 10% its beta will have to be 1. 4. Suppose all possible investment opportunities in the world are limited to the five stocks listed in the table below. What does the market portfolio consist of (what are the portfolio weights)? Stock Price/Share ($) Number of Shares Outstanding (millions) A 10 10 B 20 12 C 8 3 D 50 1 E 45 20 Total value of the market = 10Ãâ€"10+20Ãâ€"12+8Ãâ€"3+50Ãâ€"1+45Ãâ€"20= $1. 314 billion Stock Portfolio Weight A 10Ãâ€"10=100 100/1314 =0. 0761 x 100 = 7. 61% B 20Ãâ€"12= 240 240/1314 =0. 1826 x 100= 18. 6% C 8Ãâ€"3= 24 24/1314= 0. 0183 x 100 = 1. 83% D 50x 1 = 50 50/1314=0. 03381 x 100 = 3. 81% E 45Ãâ€"20 = 900 900/1314= 0. 6859 x 100 = 68. 49% Total = 100% 5. Using the data in Problem 4, suppose you are holding a market portfolio, and have invested $12,000 in Stock C. A. How much have you invested in Stock A? 12,000x(10Ãâ€"10)/(8Ãâ€"3)=$50,000

American Home Product Essay

1. How much business risk does American Home Product face? How much financial risk would American Home Product face at each of the proposed levels of debt shown in case Exhibit 3? (Hint: Calculate impact on net income of 10% reduction in EBIT). How much potential value, if any, can AHP create for its shareholders at each of the proposed levels of debt? 2.Construct a simple EBIT-EPS Analysis chart for AHP for each of the proposed levels of debt shown in case Exhibit 3. Give your analysis based upon this chart. 3.What capital structure would you recommend as appropriate for AHP? What are the advantages of leveraging this company? The Disadvantages? How would leveraging up affect the company taxes? How would the capital markets react to a decision by the company to increase the use of debt in its capital structure? 4.How might AHP implement a more aggressive capital structure policy? What are the alternative methods for leveraging up? (Short answer will be OK, no calculation). 5.In view of AHP’s unique corporate culture, what arguments would you advance to persuade Mr. Laporte or his successor to adopt your recommendation? Note: Make sure that you do understand how to find the numbers on Exhibit 3 and Exhibit 4, number 8. Answer: 1.Business risk: Stable annual growth (10~15%) and profit margin (11~12%). Overall low-risk investments; ‘proven’ formulas instead of R&D. AAA Bond Rating. (EBIT 1981 / EBIT 1980) / % increase in sales (EBIT 1981 / (Net Income 1980 / (1 – Tax Rate))) / % increase in sales (EBIT 1981 / (Net Income 1980 / (1 – 48%))) / % increase in sales (954,8 / (445,9 / 52%)) / (4.131,2 / 3.798,5) = 1,02. (954,8 / 857,5) / 108,8% = 1,02. Financial risk: DFL = % change EPS / % change EBIT = (1 + ((3,18 – 2,84) / 2,84)) / (1 + ((954,8 – 857,5) / 857,5)) = 1,120 / 1,113 = 1,006. Higher DFL means higher EPS variability. 0%   1,006 30% 1,090 50%   1,116 70%   1,143 Debt to Capital = total debt / net worth. Higher DtC ratio means higher risk. 0% ïÆ'  0,009 30% 0,429 50% 1,000 70% 2,333 Potential value: EPS goes up as % of debt goes up ($3.18 – $3.49). 0% $3.18 30% $3.33 50% $3.41 70% $3.49 Dividends rise. 0% $1.90 30% $2.00 50% $2.04 70% $2.10 2.EBIT-EPS Analysis Chart Although leveraging decrease the company’s EBIT, it gives more value per share to its shareholders. 3.Recommended capital structure: Most appropriate capital structure for American Home Products is 30% debt to total capital. Several reasons will explain the reason why this structure gives advantage to AHP. The first, as using 30% debt ratio, the company  would be able to be recapitalized; hence, common shares outstanding of 19.8 million can be repurchased. The second, AHP would have advantage to save taxes of 37.8 million dollars and its shareholders benefit by getting more values. Exhibit 2 shows that Warner Lambert company’s debt ratio is approximately 32% and its bond rating is AAA or AA. It means that if AHP uses 30% debt and 70% equity, its bond rating will be same as Warner Lambert; consequently, bond interest to pay will not increase much due to bond rating. Addition to these reasons, AHP would face less risk to compare heavier capital structures. The advantages of leveraging this company: a.Higher value for shareholders. b.Reduction in tax through interest. c.Access to additional capital. The disadvantages of leveraging this company: a.Higher risk to shareholders. b.Lower net income. Leveraging effect: As debt increases, tax decreases. Market reaction: Market will expect higher return and stock price will rise. 4.AHP should use heavier capital structure which means increasing to use more debt instead of relying wholly on shareholders’ capital, which has its limitation as far as the shareholders’ wealth. So, by using debt to finance AHP’s growth (leveraging up), AHP’s capital structure might be more effective and aggressive. Leveraging up may enable AHP in innovating new products, using better technology, and motivating labor. While during Mr. Laporte’s era, the company can only conduct the â€Å"me too† strategy, relying heavily on its marketing prowess. 5.Mr. Laporte stated that his company works in order to increase  shareholders’ wealth. However, using 30% debt to capital would give possibility to save 37.8 million dollars from taxes; thus, its shareholders would benefit from getting higher dividends per share. Also, if the company uses more debt to its operations, it will be possible to repurchase common stocks of 19.8 millions of shares from market, increasing its EPS, thus affecting in rise in stock price.

Sharknado Will Teach You All About Blogging

Sharknado Will Teach You All About Blogging Sharknado. It spawned 5,032 tweets per minute at its peak (about 84 tweets each second)for a movie about a hurricane that spawns tornadoes filled with sharks that bring down people, helicopters, and houses. What can you possibly learn from this movie about writing, beyond the fact that people will watch anything scripted for the SyFy channel? At first glance at the amazing poster, it seems pretty clear that there is little about blogging and content marketing in the movie. **SPOILER ALERT** The sharks dont win. Sure, they get in a few good bites, but in the end, the hero prevails and its messy.  In the interest of learning something meaningful from all of lifes experiences, even the ridiculous ones, can writers find anything of value from Sharknado and its messy heroic win? #Sharknado is a treasure trove of great writing advice. #NoReallyMost certainly. After watching Sharknado, you will realize that, as a writer, you need to: 1. Think on your feet. A change in the blogging schedule meant I had 40 minutes to write and publish a post. Those werent ideal conditions, but  I did it.  I cranked out the blog post, and sent it on to my team to peer review. Hayden responded back, after reviewing the post. I literally thought as I read: heres what 10+ years of blogging and disciplined writing gets you, he said, and it was the first time I realized that constant long-term blogging gives you the skills to think on your feet when you have to. Long-term practice makes it possible for you to think on your feet. It will happen. Youll have about 30 minutes to write a blog post. Can you do it?  Youd better have a process, the confidence, and the ability to write out of nowhere. Which leads to the next point 2. Maintain situational awareness. In Sharknado, the sharks were coming from every direction–air, land, water, living room–and the hero had to be aware of his surroundings to stay alive. In those moments when you have to think on your feet, youll need situational awareness. To pull off that last-minute blog post, I referred to a list of running ideas I am constantly tracking. Im always making note of blog ideas because in those intense moments,  youd better have something in the bank. And to get those things, youll have to be aware of how just about anything could be a blog post and bank those ideas.

How to Make a Reaction Paper

How to Make a Reaction Paper How to Make a Reaction Paper How to Make a Reaction Paper Well-Structured and Interesting How to make a reaction paper? It is the first question that appears in a students mind when he or she gets such a task. It is quite obvious why it is so! Although a reaction paper is not a large academic paper (it should be no larger than 5 pages), its writing takes some time. It is not just expressing of a students thoughts about something he or she has read or seen. It should be a well-structured, clear paper that fulfills all the requirements of a certain format. So, how to make a reaction paper in such a way that it will be a really good academic paper? The tips given in this article will help you cope with such a task! How to make a reaction paper well-structured? You should keep in mind that any reaction paper should consist of 3 main constituent parts: the introduction, the main body and the conclusion. These parts should be interrelated. Each of them should contain certain information. The main aim of the intr oduction is to introduce a topic of your reaction paper. So, in this part you should state what you are discussing. You should mention, first of all, what your paper is based on:the title of a book (an article, a research paper or some other reading) or a movie; the name of the author (the writer, the scientist) or the director; the publication data or the place of the shooting (of a movie). Highlight the main points of the work: what it is about, what problems it touches upon. A thesis statement of your reaction paper should also be stated in the introduction.The main body should consist of several paragraphs each of that support your thesis statement. Here you discuss the issue concerned, express your attitude to the authors opinion (you may agree or disagree with his or her viewpoint or you may even add something). The conclusion should summarize your reaction paper: restate your ideas or express your overall impression about the work. How to make a reaction paper i nteresting? You should understand that your reaction paper should not only be well-organized but interesting as well. So, how to make a reaction paper interesting?Use various examples concerning the issue. They may be from your personal experience. Use different quotations from the work. They can not only prove your opinion but also make the problem more clear for the audience. So, this information will help you answer the question how to make a reaction paper really good? If you do not know how to write a reaction paper and look for help, you are welcome to address us! We can always provide you with professional help in writing any kind of assignment papers, in particular reaction papers.

Michelengelo Essay Example | Topics and Well Written Essays - 1250 words

Michelengelo - Essay Example He later shifted to sculptures after mastering painting. Michelangelo made many paintings while in Florence. His skill impressed the Pope and he got an invite to make a painting on the ceiling of the Sistine Church. Michelangelo was also an architect. He contributed his ideas to many architectural masterpieces that are in Italy today. His most celebrated contribution in the field of architecture is the St. Peters cathedral. He developed many principal features that can be seen at the cathedral including the design for the dome. Early works The earliest sculpture made by Michelangelo was the Battle of the Centaurs. He created the sculpture when he was about seventeen years old. This artwork is regarded highly due to its simplicity. He used solid forms that created squarish figures making the sculpture depict violence in an intense manner (Harden, 2008). The Medici family was overthrown following the death of Lorenzo in 1492. Michelangelo was forced to flee to Bologna where he continue d with his work. He made sculptures of three saints for the San Domenico church. Rome Michelangelo returned briefly to Florence before moving to Rome. In Rome he made a sculpture of a Bacchus for a banker. The Bacchus is the only large sculpture from the earlier days of Michelangelo’s art work that still survives to date. It is also the only sculpture designed to be viewed from all sides. The banker also paid Michelangelo to carve the Peita ( a carving in which Mary holds the dead body of Christ while on her knees) in 1498 (Pettit, 1998). The sculpture is presently located in St. Peters. The sculpture was larger than the usual life size sculptures. The theme of contrast was manifested a lot in the work. Mary’s position was vertical while the body of Christ lay horizontally. One person was alive while the other was dead. One was male and the other female. Florence In 1501 Michelangelo returned to Florence. By then, he was the most talented sculptor in Central Italy. The Florence cathedral commissioned him to carve the David. In 1504, he was commissioned to paint the Battle of Cascina. The painting depicted soldiers climbing from a river they had been swimming in to respond to a military distress call. Michelangelo continued to work on other large projects but he failed to finish most of them. In 1505, Michelangelo was summoned to Rome by Pope Julius II (1443–1513). He was requested to design the pope’s tomb. The tomb was to incorporate approximately 40 life size statues. Michelangelo worked on and off on the project for a period of forty years (Harden,2008). Statue of David This is the most acknowledged sculpture done by Michelangelo. When Michelangelo returned to Florence in 1501 after the fall of Girolamo Savonarola, he was asked to complete a statue of David that an earlier artist had left unfinished. The statue was to be a symbol of freedom. He responded by finishing the statue of David. This statue was a master work of art made of marble (Bonner, 2001). It established the prominence of Michelangelo as an artist with extraordinary skill and a creative imagination. Sistine Chapel The Sistine Chapel was the chief chapel in the Vatican. Michelangelo was commissioned by the Pope in 1508 to paint the ceiling of the Sistine chapel. The artwork done on this ceiling was unique compared to artwork done on other ceilings. The project halted for some months. When Michelangelo returned to continue with the project, his style shifted a bit to intensify emotional tension.

Example of an asset that is NOT recorded on a Balance Sheet Essay

Example of an asset that is NOT recorded on a Balance Sheet - Essay Example While scrutinizing a business and assessing its worth it is of almost importance to get a thorough and detailed understanding of the particulars recorded in the balance sheet and how are they measured . In the balance sheet, assets denotes the resources of a business that it has attained over a time and which have some economic value. Companies usually acquire assets through investing activities, operating activities or financing activities. Liquidity refers to the concept of how fast can an asset be converted into cash. Therefore, assets in a balance sheet are listed according to the order of liquidity. The category of assets section is divided in to two sub-categories namely, current assets and non-current assets. Currents Assets are those assets which are predicted to stay with the business for more than twelve months. Both current and non current assets belong to the tangible form of assets. This also, infers that the assets that are recorded in the balance sheet or any other fin ancial statement are actually tangible asset that are those assets which have some physical form and value where as the assets that can not be evaluated and seen physically are called intangible assets. Such assets as intangible assets can not be recorded in any financial statement, particularly not in the balance sheet. Goodwill of a company falls under the heading of an intangible asset and thus, it is not recorded in the books of the companies as it is defined in terms of the positive reputation of a firm that does not have a physical existence, but is of utmost importance for a business. Patents, copyrights, and trademarks are also other examples of intangible assets which are not recorded in the balance sheet. Good customer relations, a strong brand name, good employee relations, any patents or propriety