Progress report final assignment Essay Example | Topics and Well Written Essays - 2000 words

Progress report last task - Essay Example The net impact of this apprehension among loan specialists and leasers is to drive financing costs up so as to mostly make up for the higher dangers included (not getting reimbursed). Another result is individuals who have cash would prefer to put or park their assets some place safe in super-safe Treasury Bills (or T-bills) ensured by the administration as opposed to contributing them. This absence of trust in the economy and the future possibilities of how well everybody will do are turning up a pressure on accessible credit. The credit crunch has compounded into a credit freeze in which it is currently for all intents and purposes difficult to obtain cash. The net impact will be a kept easing back down of the economy and makes a horrible descending cycle as far as the positions lost, diminished duty incomes, etc. All the more inauspiciously, a credit crunch influences everyone the same yet poor people and regular workers are antagonistically influenced more than anyone. This outco mes in a country of individuals with diminished assumptions regarding their way of life. It implies individuals should placate themselves with less in light of the fact that a credit freeze prompts decreased financial exercises which could have assisted with spreading and re-appropriate riches around. A credit crunch implies negative ramifications for nearly everybody (Herbert, 2011:1). List of chapters Introduction†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.......1 Discussion......................................................................................................................3 A. Various ways on how a credit crunch impacts on individuals....†¦Ã¢â‚¬ ¦....................4 A.1. Occupations and Employment Prospects†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â ‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦....4 A.2. Higher Interest rates for Everything...............................................†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦4 A.3. Decreased Savings and Pensions...............................................................................5 A. 4. Expanding Number of Home Foreclosures....................................†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦5 B. Brief Overview of the Asset Price Bubble Phenomenon†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.......6 C. Disappointment of the Free Market Economy..........................................†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦...6 C. 1. Unexpected Price Increases in an Asset Class......................................................†¦Ã¢â‚¬ ¦6 C. 2. National Bank Approaches to Mitigate Asset Bubbles†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦....7 D. Getting ready for a Credit Crunch†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦................7 D. 1. Assemble Enough Savings..................................................†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦....†¦Ã¢â‚¬ ¦7 D.2. Increase your Regular Income...............................................................................8 D.3. Search for Profitable Investment Ventures................................................................8 D.4. Be Financially Conservative...................................................................................8 D.5. Be Financially Literate............................................................................................9 Conclusion†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦....†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦....†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.......9 Bibliography.......................................................................... ....................................10-12 Discussion Ordinary individuals may not realize a lot of what a credit crunch is about or

The Progressive Era Essay examples -- American Reform Movement

The Progressive Era was a period that uncovered the logical inconsistencies found in American culture in the late nineteenth and mid twentieth century. Theodore Roosevelt summarized the Progressive/Reform feeling in his Fair arrangement discourse - that it was about ethics, not financial aspects. His objective was the ethical recovery of the business world. He lectured that it wasn't right for certain individuals to excel in business and legislative issues by stunts and plans, while others were cheated out of the chance. This was the sort of talk that a large number of Americans from all territories of society could comprehend and react to. Roosevelt essentially acted in light of a legitimate concern for the regular working man, fixing things that they discovered treacherous. For quite a long time, poor people and settlers were discontent with treatment from their large business managers. Their long working hours and misuse of youngsters were, in addition to other things, uncovered by the Muckrakers. The Muckrakers were writers who uncovered debasement in business and legislative issues and drove a significant number of their perusers mad. These new reformers assumed control over the old Populist thought that the administration should work for the open's financial well being.(Mintz, 2015) Change bunches close to the turn of the century were keen on the ethical changes of the manner in which the administration and organizations were run. They needed the administration to be increasingly open and tune in to the individuals. Likewise, they needed the legislature to invest more energy into securing the prosperity all things considered. This would require government activity to manage business, improve general wellbeing and security and ensure that each resident got the opportunity to succeed and to be glad. Today there are likewise many change gatherings. Much the same as the progressives of the mid twentieth century, current reformers are attempting to improve things. One present day reformer is Ralph Nader. Nader is a pioneer in the purchaser security development. He sorted out analytical groups of youthful legal advisors, customer masters, and understudies, prevalently called Nader's Raiders, to direct reviews of various organizations, government offices, and the U.S. Congress. Nader is a disputable man; his examinations have now and again been censured as one-sided against enormous business and government. Â Â Â Â Â Cesar Chavez was another cutting edge reformer. The issues that he managed included: Women Farmworkers, Farmworker Health Issues, and Migrant Labor. Numerous issues th... ...nion. He held the bad habit administration for not exactly a year, prevailing to the administration after the death of President McKinley on November 14, 1901. In 1904 Roosevelt was chosen for a full term as president. The beliefs of the twentieth century were based on crafted by change gatherings. Change bunches despite everything have a huge impact in changing the manner in which enormous partnerships and the administration are run. On account of the steady requirement for change and change, the turn of the twentieth century to the twenty-first could be known as a dynamic time simply like the turn of the nineteenth to the twentieth century was.â â â â â Works Consulted Barbuto, Domencia. American Settlement Houses and Progressive Social Reform. New York: Orynx Press, 2009. Buenker, John. Progressivism. Chicago: Schenkman Books, 2007. Cohen, Miriam. Ladies and the Progressive Movement Gilderlehrman.org Web. 25 April 2015. http://www.gilderlehrman.org/history-by-time/governmental issues change/articles/ladies and-dynamic development Mintz, Steven. Change Movements of the Progressive Era Gilderlehrman.org Web. 25 April 2015. http://www.gilderlehrman.org/history-by-time/governmental issues change/assets/change developments dynamic time

Cb Prepartions free essay sample

Social character characteristics have demonstrated that internal and other-coordinated buyers may have various inclinations as far as limited time messages. Inward coordinated individuals lean toward notices that pressure individual advantages while other-coordinated individuals appear to favor notices that include social acknowledgment. (a) HIGHLY DOGMATIC CUSTOMERS: It is a character quality that quantifies the level of unbending nature (versus receptiveness) that people show towards new and towards data that is in opposition to their own set up convictions. Fanaticism: general propensity to be open or shut to new thoughts and advancements. An individual who is high in stubbornness moves toward the new protectively while the individual who is low in opinion will seldom think about new or contradicting convictions. * progressively open is Ads for new items or administrations that contains an intrigue from the legitimate figure. Advertiser utilizes big names and specialists to their new item publicizing for making it simpler for the conceivably hesitant clients. * Highly stubborn customers are probably going to react well to another item when the promoting message is introduced in a dictator way (e. g. VIP support or master tributes). * incline toward customary or set up items instead of imaginative ones. close disapproved towards new and untoward data that is in opposition to their own built up convictions * approach such data with significant uneasiness and vulnerability. limited time message most reasonable would be underwriting or claim from a legitimate figure. * New items should be introduced in a legitimate way and that VIPs could be utilized to arrive at one sided buyers who are progressively shut disapproved. For instance: Colgate Dental Cream with Doctors and Experts supports. Hostile to Polio Campaign including Amitabh and Sachin Tendulkar additionally useAuthoritative articulations. The Cadbury’s brand took a beatng in deals after the worms were found in somepackets. Closed minded Consumers quit buying the Brand. Amitabh Bacchhanwas then utilized as Authority figure to restore Brand. b) Inner-coordinated purchasers * will in general utilize their own qualities and guidelines in assessing another item * advertisements focused on them ought to portray the fulfillment of individual accomplishment and fulfillment. advertisements that pressure item highlights and advantages, which empower them to usetheir own qualities and norms in assessing items * depend on their own inward qualities or principles in assessing new items and are probably going to be the purchaser trailblazers. * other coordinated clients will in general seek others for direction with respect to what is proper or what is wrong. * be lean toward promotions that pressure item highlights and individual advantages ( empowering them to utilize their own qualities and guidelines in assessing items though the other * For instance: Surf Ad demonstrating Shabana Azmi sparing two containers of water is a case of the equivalent. The most recent from Surf Excel is right now running on TV. This is where numerous individuals are seen strolling with two cans loaded with water. They at that point empty it into a huge supply. Now as a matter of fact Shabana Azmi advises you what an incredible thing thissaving of water is for the nation and beseeches you to utilize Surf Excel. * maker of cameras who publicizes to internal guided buyers should pressure the capacity to take better pictures and the subsequent individual fulfillment. c) Consumers with a high ideal incitement level * increasingly open to hazard taking, bound to be creative have a more prominent eagerness to face challenges, attempt items with numerous novel highlights, and shop in new retail outlets. * prone to react well to limited time messages focusing on more instead of less hazard, novelty,or fervor. * to look for buy related data and to acknowledge new retail offices. * For instance: The energizing and extraordinary Vacation Campaign of Malasia-Tr uly Asia is situating of Airways to sell the Asian Adventures. These appreciate thinking. They are receptive to that piece of Ad that is wealthy in Information. The people speaking to this gathering are audacious and regularly identified with enterprising conditions. The pioneers run the hazard that the development doesn't get on, and in this way subject themselves to a potential misfortune they should be set up to ingest. Consequently trend-setters need to live with the vulnerability about the possibilities of the innovation, which can be seen upon as the cost to pay for being pioneers in another field catalyzing the dispersion of new advancements. The early adopters are prepared to receive another innovation when they see that others has begun embracing, and sees the potential for being a portion of the main adopters of another and promising innovation. These people are regularly a more coordinated piece of the nearby society than the trend-setters, and their receptions are pivotal for the innovation to take off and get hold of the expansive open. For the early adopters the vulnerabilities about the benefits of the new innovation are firmly decreased, and can subsequently embrace the new innovation without risking purchasing a youthful and untested innovation. This gathering represents around 33% of the all out number of adopters, and give the connection between the dynamic early adopters and the more suspicious later adopters. In the last 50% of the range the late larger part additionally speak to about 33% of the adopters. This gathering is doubtful to new advancements, and isn't happy to embrace, until a great deal of others have received before them guaranteeing the accomplishment of the innovation and potentially monstrous system impacts. The last 16 % of the adopters, the loafers, regularly center around conventional qualities and base their choices on past occasions. They are dubious of any new creations to change the manner in which life are generally lived, and should be 100 % sure that the innovation will win before they are happy to embrace. From a consumers’ perspective it is fundamental to consider the choices of future adopters while picking what innovation to go with. The choices of past adopters are then again a know factor and assumes a job for the choice too. So does the structure of the market, I. e. which innovations are accessible at the hour of reception, contrasted with potential predominant advancements that could be accessible later on. Ongoing discoveries show that there is an absence of readiness to hold up by the early adopters. 11 This high need of being among the absolute first clients of another innovation is said to exact negative externalities on the later adopters. These later adopters can be compelled to embrace a second rate innovation to ensure that they are good with the advancements of the early adopters, or they may be compelled to surrender similarity to get a predominant innovation. That said the dissemination of new advancements is frequently firmly reliant on the decisions of the early adopters.

planeacion estrategica.

planeacion estrategica. PlaneaciâÆ'â ³n EstratÂÆ' ©gica.La planeaciâÆ'â ³n estratâÆ'â ©gica es el proceso que sirve para formular y ejecutar las estrategias de la organizaciâÆ'â ³n con la finalidad de insertarla, segâÆ'â ºn su misiâÆ'â ³n en el contexto en el que se encuentra.La estrategia characterize la estructura y los procesos internos de la organizaciâÆ'â ³n con la expectativa de que produzcan efectos muy positivos en su desempeÂÆ' ±o.Los principales beneficios de la planeaciâÆ'â ³n estratâÆ'â ©gica son:La claridad de la visiâÆ'â ³n estratâÆ'â ©gica de la organizaciÂÆ' ³n.La comprensiâÆ'â ³n de un entorno cambiante y competitivo.El enfoque dirigido mediante objetivos de largo plazo.Comportamiento proactivo a los elementos del entorno externo de modo independiente a los del interno.Comportamiento sistâÆ'â ©mico y holÂÆ' ­stico.Interdependencia con el entorno externo.Tipos de PlaneaciÂÆ' ³n:PlaneaciÂÆ' ³n:EstratÂÆ' ©gicoTÂÆ' ¡cticoOperativoTiempoLargo Pla zo.Mediano Plazo.Corto Plazo.AlcanceComprende la organizaciâÆ'â ³n como un todo, y se preocupa por alcanzar los objetivos a nivel organizacional.Abarca a cada departamento con sus recursos especâÆ'â ­ficos y se preocupa por alcanzar los objetivos del mismo.Abarca cada tarea o actividad de forma aislada y se preocupa por alcanzar metas especÂÆ' ­ficas.ContenidoGenÂÆ' ©rico, sintâÆ'â ©tico y comprensivo.Menos genâÆ'â ©rico y mâÆ'â ¡s detallado que el estratÂÆ' ©gico.Detallado, especifico y analÂÆ' ­tico.DefiniciÂÆ' ³nEsta en manos de la alta gerencia de la organizaciâÆ'â ³n y corresponde al plan civic chairman, al que se subordinan todos los demâÆ'â ¡s planes.En manos del nivel intermedio correspondiente a cada departamento de la organizaciÂÆ' ³n.En manos del nivel operativo y se concentra en cada tarea o actividad.El rol de la mercadotecnia en la planeaciâÆ'â ³n estratÂÆ' ©gica.La mercadotecnia es tanto una filosofâÆ'â ­a de negocios como un pro ceso orientado a la acciâÆ'â ³n, desempeâÆ'â ±a un numero de tareas necesarias para el funcionamiento efectivo de una economâÆ'â ­a de mercado.Hello Hello EuropeMarketing Operativo.Marketing EstratÂÆ' ©gico.Orientado a la acciÂÆ' ³nOportunidades existentesVariables diferentes del productoEntorno estable...

College Application Essay Examples Upenn

College Application Essay Examples UpennIf you are a potential student applying to the Ivy League universities, then you need to look for and read college application essay samples upon. There are some benefits to having some advice in writing your own essay, even if it is very difficult.First, the essays are very helpful in how you can organize the parts of the essay that you do not understand. Some students struggle with the information that they need to write and try to make it fit into a certain format. The essays help in providing examples that can easily be understood by the reader.Second, the college application essays to help you organize your thoughts and research about the college you are applying to. With them, you can put together ideas about what it is you want to learn, how you are going to get there, and how you will get there. The organization in the essays will help you organize all of your thoughts and make them sound more convincing.Third, if you use the essay samp les to teach yourself to write an essay, you will get some experience at first. It will take some time before you feel comfortable writing, but if you use the samples as a resource, you will not get discouraged. This is important because you do not want to give up because you do not have the experience to write an essay on your own. There are many resources available online that can provide you with the experience that you need.Fourth, the college application essays are an excellent way to improve your grades. As you begin to write your own essay, you will be able to think of ways to organize your thoughts and add to the essay. This experience will be valuable as you progress throughout your studies.Fifth, the college application essays will help you improve your chances of getting into a better school. By learning to organize and format your thoughts and information, you will be able to impress your prospective colleges and universities. Since they are willing to invest in your fut ure, they want to see that you will be able to help them by providing them with an experience that they can use and that they can trust. The experience you will gain will make them more interested in you and in your candidacy.Sixth, the college application essays help you distinguish yourself from other applicants. While other students are writing essays to show what they have learned or who they are, you are filling in the gaps on a personal level. This will allow you to build the trust of your potential colleges.These are just a few benefits of college application essays that are offered by the college admission committees. If you can get the experience and focus that you need to write an essay without worrying about it being hard, then you will have a successful essay.

Environmental and Social Responsibility in NovaGold Resources Inc - Free Essay Example

NovaGold is a company doing exploration activities in the field of precious metals and necessary development of mineral properties in Alaska, British Columbia, Canada, and the United States. The Company spearheads its operations through wholly owned subsidiaries, partnerships and joint ventures. On January 8, 2009, the Company sold its holdings in Alexco Resource Corp. On January 7, 2010, NovaGold and its wholly owned subsidiary, Alaska Gold Company, took over the Ambler property in northern Alaska. Legal and Ethical Actions The Company was facing a class action lawsuit in the district court of New York for violation of security laws. Similar class action lawsuits were also filed in the Supreme Court of British Columbia and in the Ontario Superior Court of justice in Canada. The $28.0 million settlement was covered by insurance companies and the company did not have to payout from own resources under the terms and conditions. (Marketwire 2011) NovaGold commenced environmental studies in 1996, which consisted of Meteorology, wetlands delineation related to mineral resource estimates, aquatic studies in the main drainages, water quality studies, and some waste rock characterization. This was further expanded to terrestrial wildlife and avian surveys, detailed aquatic studies, ambient air monitoring and cultural site surveys. NovaGold is equipped fully to overcome any challenges, even though it may require more time and with the progress of work, it will start showing in the share price. NovaGold clearly understand its community responsibilities and following all environmental norms would work to get all necessary permits to make the project most successful and only one of its kind in the world. (Safehaven 2010) Stocks of NovaGold are traded on NASDAQ, AMEX, and New York Stock Exchange. Revenue and Income From the latest results available for the year ended Nov 30, 2010 of NovaGold Resources Inc., it is seen that revenue has fallen to C$0.6M. Surprisingly, cost of goods sold has not gone down proportionately and it has remained at C$46.3M. Losses have gone up to the tune of C$-203.5M. (NovaGold Financials 2010) Basic Financial Ratios Industrial Comparison Return on Assets: Net Income/ Total Assets stands negative at -5.17%, on industrial comparison it stands as 60-80th percentile. Return on Capital: Given as after-tax operating income by the book value of invested capital and that comes to -5.55%, on industrial comparison it stands as 60-80th percentile. Return on Equity: Net Income/Shareholders Equity stands at -34.48%, on industrial comparison it stands as 40-60th percentile. Credit Ratios: Current Ratio: given by Current Assets/Current Liabilities stands at 5.3 times; on industrial comparison it stands as 60-80th percentile. Quick Ratio: given as Current Assets-Inventory/Current Liabilities stands at 5.1 times; on industrial comparison it stands as 60-80th percentile. Margin Ratios: Gross Margin: given as Revenue-Cost of goods sold/Revenue that stands at -7631.22%, on industrial comparison it stands as 0-20th percentile. EBITDA Margin: -9295.16%, on industrial comparison it stands as 0-20th percentile. Debt-Equity Ratio: Total Debt/ Total Equity stands at 20.5, on industrial comparison it stands as 60-80th percentile. Total Liabilities/Total Assets: 23.8, on industrial comparison it stands as 60-80th percentile. (NovaGold Resources) Sales Forecast: NovaGold is a company doing exploration activities in the field of precious metals and necessary development of mineral properties in Alaska, British Columbia, Canada, and the United States. The Company spearheads its operations through wholly owned subsidiaries, partnerships and joint ventures. The company has prominent projects in Donlin Creek, and Galore Creek. It has also Ambler copper-gold-silver deposit. NovaGolds mines are situated in Alaska, and British Columbia, a region known for government support to harness its mining potentials. The Donlin Creek The Donlin Creek mine, which is going to be a flagship mine and is likely to be only of its kind worldwide that, is capable of producing more than a million ounces of gold per year. Donlin Creek mine is jointly owned by NovaGold and Barrick Gold on a 50/50 basis. NovaGold carried out the feasibility study in April 2009 to assess the production and economic estimates from the Donlin Creek asset. Reserve base is estimated at 33.6 million ounce. The mine life is estimated approximately 25 years. Gold production is expected to average around 1.5 million ounces. This is likely to make Donlin Creek as most promising gold producing mines in the world. This is likely to come into production once permits are received. The feasibility study was done when ruling international price of gold was $825/ounce. The aim of the company management is to use natural gas to reduce operating costs. The feasibility work will get completed by the second half of 2011. Based on this, board will submit a permit application incorporating natural gas that will eliminate diesel as a fuel. The board of the company will then allocate fresh budget for the construction. (Gold Stocks Daily) Galore Creek This is one of the worlds most promising and largest copper-gold-silver deposits. It has highest grade gold silver deposits. NovaGold and Teck Resources each have an equal interest in the project. Ever since NovaGold initiated the project of Galore Creek, it received a support from local communities, British Columbia, and Alaska Government. NovaGold received the Environmental Assessment Certificate in February 2007, and after they received the federal and local authorizations, the construction work went ahead smoothly; however, owing to increased capital expenditures construction activities was suspended and Board initiated optimization studies to find out some alternative strategies for the project. With buoyancy in gold and copper markets, NovaGold and its partner Teck are reviewing more aggressive strategies after having optimization studies which ask for modified approaches to the project allowing a shorter construction and relocation of the facilities along the access road to have easier construction and thus lowering the risks associated with construction and operations. Some of the actions aim at following. There is a planned 40% increase in throughput from the original design. Tunnel and access road are being realigned. The processing facility is being realigned to allow for the future expansion Prefeasibility study will finish by the second quarter of 2011. Outlook NovaGold is currently focused on Donlin Creek and Galore Creek properties. The company is organizing and completing the feasibility study to install natural gas pipe line, and preparing for the permit requests for the project. Primary power source of the project will be natural gas rather than diesel and will be updating capital requirements and cash flow estimates. The feasibility study will get completed in the second half of 2011 and accordingly, Donlin Creek LLC will be proceeding to submit permit applications for the project. (Safehaven 2010) Expected Return Donlin Creek Project The project is likely to provide Gold production of about 1.5 million ounces per year at an average cost of $444/oz. Total gold recovery is likely to be 89.5% through the various processes of crushing, and milling. These processes are further followed by flotation, and pressure oxidation. Average annual cash flow: Base $1000/oz First 5 years: 944 M First 10 years: 805M Average annual Cash Flow Cash flow in $M First Full 5 years 944 Cumulative Net Cash Flow After-Tax undiscounted 5,876 IRR Pre-tax in % 12.3 IRR After-tax in 10.2 Payback 5 years Source: Donlin Creek Feasibility Study Donlin Creek has yet not commenced construction. NovaGold and Barrick are exploring the ways to cut down on cost. Capital Structure: NovaGolds authorized share capital is 1,000,000,000 common shares and 10,000,000 preferred shares. The companys long term debt is within normalcy and stands at $120M. Current Valuation The estimated yearly production of gold to the tune of 2.5 million ounces could get a market cap of 35 billion US dollar based on the present valuation of $1400/ounce. The market cap of NovaGold currently is only $3.3 billion US dollar. NovaGold doesnt have any operations; however, there are some important statistics: Presently, the company has 233 million shares outstanding; The companys debt stands at $120 million; and the company has $152 million in cash (Gold Stocks daily) Dividend: In absence of any surplus and no operations, the company has refrained from declaring any dividend. It is unlikely that the company will declare any dividend until companys operations are in full swing. Shareholders of the company will have to wait for a couple of years for a maiden dividend. Valuation of the NovaGold Stock: The company has not yet commenced any operations and therefore no model of stock valuation can be applied. The only model that can be applied is based on expected future cash flows based on current price of gold, which is ruling at $1400/ounce and available reserves in companys dominant site namely Donlin Creek and Galore Creek. Conclusion: Uncertainty on environmental clearance is definitely a big issue and likely to take considerable time. The silver lining or for that matter gold lining to the company is rising prices of gold, silver and copper. If the company can reduce the construction cost of the mines, get all environmental clearance by the end of this year then project offers huge promise to the shareholders; however, currently, the company is passing through a lot of uncertainties for many analysts are of the view that company is unlikely to get required environmental clearance. NovaGold has always been banking on Donlin Creek project and construction cost is huge to the tune of $4-$5 billion. It will be an uphill task to finance such a big project. As an option, they can also be sold off to Barrick Gold and as for another option the company board may think of further expansion of equity with debt to finance the construction of Donlin Creek. In that event, stock of NovaGold will have down ward pressure and so stock does not offer any immediate promise for investment and it will be better to wait for further deve lopment with regard to environmental clearance and feasibility study that is likely to be available by second quarter of 2011.

251143950 Database Systems Design Implementation And...

Database Systems Design, Implementation and Management Coronel 11th Edition Test Bank Click here to download the test bank INSTANTLY!!! http://www.solutionsmanualtestbank.com/products/2014/12/8/database -systems-design-implementation-and-management-coronel-11thedition-test-bank Database Systems Database Systems Database Systems Test Bank Database Systems Test Bank Design, Implementation and Management Coronel 11th Edition Test Bank Design, Implementation and Management Coronel 11th Edition Test Bank Design, Implementation and Management Coronel Morris 11th Edition Design, Implementation and Management Coronel Morris 11th Edition ***THIS IS NOT THE ACTUAL TEXTBOOK. YOU ARE PURCHASING the Test Bank in e-version of the following†¦show more content†¦a. True b. False ANSWER: False Database Systems Design, Implementation and Management Coronel 11th Edition Test Bank Database Systems Design, Implementation and Management Coronel 11th Edition Test Bank 17. Structural dependence exists when it is possible to make changes in the file structure without affecting the application program’s ability to access the data. a. True b. False ANSWER: False 18. An advantage of database systems is that you needn’t perform frequent updates and apply latest patches. a. True b. False ANSWER: False 19. One disadvantage of a database system over previous data management approaches is increased costs. a. True b. False ANSWER: True 20. One advantage of a database system over previous data management approaches is that the database system is considerably less complex. a. True b. False ANSWER: False 21. is the result of revealing the meaning of raw facts. a. End-user data b. An encoded sample c. An encrypted bit d. Information ANSWER: d 22. is the body of information and facts about a specific subject. a. Validation b. A format c. Knowledge d. A database ANSWER: c 23. Accurate, relevant, and timely information is the key to a. data management b. good decision making c. knowledge d. understanding . ANSWER: b 24. End-user data is . a. knowledge about the end users c. information about a specific subject b. raw facts of interest to the end user d. accurate, relevant