Quotes from James K. Polk

Read the words of James K. Polk, the eleventh President of the United States.   No President who performs his duties faithfully and conscientiously can have any leisure. Foreign powers do not seem to appreciate the true character of our government. There is more selfishness and less principle among members of Congress...than I had any conception of, before I became President of the U.S. In executing this power by levying a tariff of duties for the support of Government, the raising of revenue should be the object and protection the incident. To reverse this principle and make protection the object and revenue the incident would be to inflict manifest injustice upon all other than the protected interests. Well may the boldest fear and the wisest tremble when incurring responsibilities on which may depend our countrys peace and prosperity, and in some degree the hopes and happiness of the whole human family. I cannot, whilst President of the United States, descend to enter into a newspaper controversy. I prefer to supervise the whole operations of Government myself rather than entrust the public business to subordinates and this makes my duties very great. Well may the boldest fear and the wisest tremble when incurring responsibilities on which may depend our countrys peace and prosperity, and in some degree the hopes and happiness of the whole human family. Although in our country the Chief Magistrate must almost of necessity be chosen by a party and stand pledged to its principles and measures, yet in his official action he should not be the President of a party only, but of the whole people of the United States. The world has nothing to fear from military ambition in our Government. While the Chief Magistrate and the popular branch of Congress are elected for short terms by the suffrages of those millions who must in their own persons bear all the burdens and miseries of war, our Government can not be otherwise than pacific.

Signature Assignment Portrait Of An Early Learner Essay

Portrait of an Early Childhood Learner Trissy Coppens Arizona State University Foundations of Diversity, Human Development, and the Young Child ECD 549 Larry Sidlik, Dr. Michael Roberts, Monique Davis December 4, 2014 Portrait of an Early Childhood Learner (MHC Early Childhood Solutions, n.d.) Did you survive the â€Å"terrible two’s?† Well congratulations and welcome to the what lies ahead for you and your three year old child. The next few years are called the â€Å"magic years† because it seems like magic that your child is finally listening to you and for your child it is an opportunity for their imagination to run wild. As parents we have watched our children grow and develop in the areas of height and weight, remembered when they first†¦show more content†¦In this domain Piaget stated that the child who is still in the preoperational stage can’t conceptualize abstractly and needs concrete physical situations. They can’t mentally manipulate information. The child is able to form stable concepts as well as magical beliefs and their thinking is still egocentric, which means that the child has difficulty seeing the viewpoint of others. Piaget split this stage into the symbolic and intuitive thought substage. In the symbolic fun ction stage children are able to understand, represent, remember, and picture objects in their mind without having the object in front of them. Vygotsky stated that children learn cognitive tasks through their interactions with older peers and adults. Not only do younger children watch and imitate older people or peers as they complete tasks, but these older guides also help younger children accomplish tasks they couldn’t accomplish on their own. He calls this the zone of proximal development which he describes what children can do alone and what they can do with assistance. Another theorist named Bandura coined the term observational learning which means people learn appropriate social behaviors by observing and modeling others. This type of learning is most effective during childhood. Vygotsky believed that the important part of the cognitive development is language. He observed that very youngShow MoreRelatedHuman Resources Management150900 Words   |  604 PagesTo ease employee and managerial anxieties about the changes, GE Fanuc promised that no employees would lose their jobs. Managers and supervisors affected by the elimination of levels were offered promotions, transfers to other jobs in GE Fanuc, or early retirement buyouts. Additionally, employees were promised profit sharing, which has resulted in up to three weeks additional pay in profit sharing bonuses in some years. The test of the change is in the results. GE Fanuc’s revenue is up women employeesRead MoreMonsanto: Better Living Through Genetic Engineering96204 Words   |  385 Pagesprofoundly deaf people and that this provides a huge undeveloped market for the implantable hearing devices industry. STEP 3 THE INDUSTRY ENVIRONMENT E X T E R N A L A N A LY S I S S T E P 1 W H AT INDUSTRY IS IT? You must decide on this early. This is an important step, because it changes the analysis – for example, your industry analysis will yield different conclusions depending on what industry you determine. STEP 2 GENERAL A N A LY S I S ENVIRONMENT Analyse the six genericRead MoreStephen P. Robbins Timothy A. 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Fi515 Chapter 1 Mini Case Free Essays

MINI CASE a. Why is corporate finance important to all managers? Corporate finance is important to all managers because it provides managers the skills needed to identify and select the corporate strategies and individual projects that add value to their firm and forecast the funding requirements of their company and devise strategies for acquiring those funds. b. We will write a custom essay sample on Fi515 Chapter 1 Mini Case or any similar topic only for you Order Now Describe the organizational forms a company might have as it evolves from a start-up to a major corporation. List the advantages and disadvantages of each form. The organizational forms a company might have as it evolves from a start-up to a major corporation are proprietorship, partnership, or corporation. The advantages of a proprietorship are: †¢Easy and inexpensive to form, †¢Subject to few government regulations, and †¢Income not subject to corporate taxation. The disadvantages of a proprietorship are: †¢May be difficult to obtain the capital needed for growth, †¢Unlimited personal liability for the businesses’ debts, and †¢Limited to the life of its founder. The advantages of a partnership are: †¢Relatively easy to establish, †¢Increased ability to raise funds, Prospective employees become attracted to the business if given the incentive to become a partner, †¢May benefit from the combination of complementary skills of two or more people, †¢Can be cost effective, and †¢Provide moral support and will allow for more creative brainstorming. The disadvantages of a partnership ar e: †¢Partners are jointly and individually liable for the actions of the other partners, †¢Profits must be shared, †¢Disagreements can occur, †¢May have limited life, †¢Has limitations that keeps it from becoming a large business, †¢Partners have to consult with each other before making decisions, and †¢Unlimited liability. The advantages of a corporation are: †¢Unlimited life, †¢Easy transferability of ownership interest, and †¢Limited liability. The disadvantages of a corporation are: †¢Earnings may be subject to double taxation, and †¢Complex and time-consuming set up. c. How do corporations go public and continue to grow? What are agency problems? What is corporate governance? Corporations go public and continue to grow by selling stock to outsiders or venture capitalists, attracting lending from banks or raising additional funds through an initial public offering (IPO) by selling stock to the public at large. Agency problems are conflicts of interest arising between creditors, shareholders and managers because of differing goals. Corporate governance is the relationship between all the stakeholders in the company. d. What should be the primary objective of managers? The primary objective of managers is stockholder wealth maximization, which means to maximize the fundamental price of the firm’s common stock and not just the current market price. 1)Do firms have any responsibilities to society at large? Yes, firms have responsibilities to society at large. Corporate social responsibility is operating a business in a manner that accounts for the social and environmental impact created by the business. This means a commitment to developing policies that integrate responsible practices into daily business operations and to reporting on progress made toward implementing these practices. 2)Is stock price maximization good or bad for society? Stock price maximization is good for society. Shareholders are members of society. Consumers benefit when companies develop products and services that consumers want and need, which leads to new technology and new products. Employees benefit generally when companies successfully increase stock prices, it opens up growth and addition for more employees. 3)Should firms behave ethically? Yes, firms should behave ethically. There is no room for unethical behavior in the business world. Most executives believe that there is a positive correlation between ethics and long-run profitability. Conflicts often arise between profits and ethics. Companies must deal with these conflicts on a regular basis. Failure to handle these situations properly can lead to huge product liability suits and even bankruptcy. e. What three aspects of cash flows affect the value of any investment? The three aspects of cash flows the affect the value of any investment are the amount of expected cash flows, the timing of the cash flow stream, and the risk of the cash flows. f. What are free cash flows? Free cash flows are the monies available for distribution to all investors after paying current expenses, taxes, and making the investments necessary for growth. g. What is the weighted average cost of capital? The weighted average cost of capital is the rate that a company is expected to pay on average to all its security holders to finance its assets. . How do free cash flows and the weighted average cost of capital interact to determine a firm’s value? Free Cash Flow = Sales Revenues – Operating Costs and Taxes – Required Investments in Operating Capital. Weighted Average Cost of Capital (WACC) is affected by market interest rates, market risk aversion, cost of debt, cost of equity, firmâ €™s debt/equity mix, and firm’s business risk. Therefore, free cash flows and the weighted average cost of capital interact to determine a firm’s value by the following equation: Value=FCF1+FCF2+ †¦ +FCF00 (1 + WACC)1(1 + WACC)2(1 + WACC)00 i. Who are the providers (savers) and users (borrowers) of capital? How is capital transferred between savers and borrowers? Households and some foreign governments are the providers (savers) of capital. Non-financial corporation’s net users and U. S. governments are users (borrowers) of capital. Financial corporations are slight users (borrowers), but almost breakeven. Capital is transferred between savers and borrowers by direct transfer, through an investment banking house, or through a financial intermediary. j. What do we call the price that a borrower must pay for debt capital? What is the price of equity capital? What are the four most fundamental factors that affect the cost of money, or the general level of interest rates, in the economy? The price that a borrower must pay for debt capital is called the interest rate. The price of equity capital is the cost of equity equals required return equals dividend yield plus capital gains. The four most fundamental factors that affect the cost of money, or the general level of interest rates, in the economy are production opportunities, time preferences for consumption, risk, and expected inflation. k. What are some economic conditions (including international aspects) that affect the cost of money? Some economic conditions (including international aspects) that affect the cost of money are country risk and exchange rate risk. Country risk depends on the country’s economic, political, and social environment. Exchange rate risk is dependent on the non-dollar denominated investment’s value. l. What are financial securities? Describe some financial instruments. Financial securities are pieces of paper with contractual provisions that entitle their owners to specific rights and claims on specific cash flows or values. Some financial instruments are: †¢U. S. Treasury Bills  ­Sold by U. S. Treasury  ­Default-free risk  ­91 days to one year – original maturity †¢Money Market Mutual Funds  ­Invest in short-term debt; held by businesses and individuals  ­Low degree of risk  ­No specific maturity (instant liquidity) †¢Consumer Credit Loans  ­Loans by banks/credit unions/finance companies  ­Risk is variable  ­Original maturity is variable †¢U. S. Treasury Notes and Bonds  ­Issued by U,S, government  ­No default risk, but price falls if interest rate rises  ­2-30 years – original maturity †¢Municipal Bonds  ­Issued by state and local government to individuals and institutions  ­Riskier than U. S. overnment guides, but exempt from most taxes  ­Up to 30 years – original maturity m. List some financial institutions. Some financial institutions are commercial banks, investment banks, savings and loan, mutual savings bands, credit unions, life insurance companies, mutual funds, pension funds, and hedge funds and private equity funds. n. What are some different types of markets? Some different types of markets are physical asset markets, financial asset markets, spot markets, future markets, money markets, capital markets, mortgage markets, consumer credit markets, and world, national, regional and local markets. . How are secondary markets organized? Secondary markets are organized by location and the way that orders from buyers and sellers are matched. 1)List some physical location markets and some computer/telephone networks. Some physical locations markets are New York Stock Exchange, the American Stock Exchange (AMEX), the Chicago Board of Trade (CBOT), and the Tokyo Stock Exchange. Some computer/telephone networks are NASDAQ, government bond markets, and foreign exchange markets. 2)Explain the differences between open outcry auctions, dealer markets, and electronic communications networks (ECNs). Auction markets are markets where participants have a seat on the exchange, meet face-to-face, and place orders for themselves or for their clients. The two largest auction markets for stocks are the New York Stock Exchange and the American Stock Exchange. The New York Stock Exchange is a modified auction with a â€Å"specialist. † Dealer markets are markets where â€Å"dealers† keep an inventory of the stock (or other financial assets) and place bids and ask â€Å"advertisements†, which are prices at which they are willing to buy and sell. There are often many dealers for each stock. A computerized quotation system keeps track of bid and ask prices, but does not automatically match buyers and sellers. Examples of dealer markets are the NASDAQ National Market, NASDAQ Small Cap Market, London SEAQ, and German Neuer Market. Electronic communication networks (ECNs) are computerized systems that match orders from buyers and sellers and automatically execute the transaction. It is a low cost to transact. Examples of ECNs are Instinet (U. S. stocks owned by NASDAQ), Archipelago (U. S. stocks owned by NYSE), Eurex (Swiss-German futures contracts), and SETS (London stocks). p. Briefly explain mortgage securitization and how it contributed to the global economic crisis. Mortgage securitization is the pooling of various mortgage loans and their usage as collateral to issue securities. This process allows the originator of the mortgage loans to restructure its balance sheet by reducing the receivables and using the funds received from the sale of securities to invest elsewhere. Mortgage securitization allows the originators of the loans to diversify their risk besides enabling them to secure immediate liquidity for assets which would otherwise have face some difficulty in trading. http://www. economywatch. com/finance/high-finance/mortgage-securitization. html) Mortgage securitization contributed to the global economic crisis in many ways. †¢Homeowners wanted better homes than they could afford. †¢Mortgage brokers encourage homeowners to take mortgages even though they would reset the payments to amounts that the borrowers might not have been able t o afford because the brokers got a commission for closing the deal. †¢Appraisers were over-appraising house values and getting paid at the time of the appraisal. †¢Originating institutions (e. . , Countrywide) were quickly selling the mortgages to investment banks and other institutions. †¢Investment banks created CDOs and got rating agencies to help design and then rate the new CDOs with rating agencies making big profits despite the conflicts of interest. †¢Financial engineers used unrealistic inputs to generate high values for the CDOs. †¢Investment banks sold the CDOs to investors and made big profits. †¢Investors bought the CDOs but either didn’t understand or didn’t care about the risk. †¢Some investors bought â€Å"insurance† via credit default swap. When the mortgages were reset and the borrowers defaulted on them, the values of the CDOs plummeted. †¢Many of the credit default swaps failed to provide insurance beca use the counterparty failed. †¢Many originators and securitizers still owned sub-prime securities, which led to many bankruptcies, government takeovers, and fire sales including New Century, Countrywide, Fannie Mae, Freddie Mac, and many more. PROBLEMS (2-6)In its most recent financial statements, Newhouse, Inc. reported $50 million of net income and $810 million of retained earnings. The previous retained earnings were $780 million. How much in dividends was paid to shareholders during the year? Dividends Paid= (Previous Retained Earnings + Net Income) – Recent Retained Earnings = ($780 million + $50 million) – $810 million = $830 million – $810 million = $20 million (2-7)The Talley Corporation had a taxable income of $365,000 from operations after all operating costs but before (1) interest charges of $50,000, (2) dividends received of $15,000, (3) dividends paid of $25,000, and (4) income taxes. What are the firm’s income tax liability and its after-tax income? What are the company’s marginal and average tax rates on taxable income? Taxable Income$365,000 Less: Interest Charges(50,000) Plus: Dividends Received4,500? $15,000(1 – 0. 70) = $4,500 Total Taxable Income$319,500 Tax Liability= $22,250 + ($319,500 – $100,000)(0. 39) = $22,250 + ($219,500)(0. 39) = $22,250 + $85,605 = $107,855 After-Tax Income: Total Taxable Income$319,500 Less: Tax Liability(107,855) Plus: Non-taxable Dividends Received10,500? 15,000(0. 70) = $10,500 Net Income$222,145 Marginal Tax Rate = 39% Average Tax Rate= Tax Interest Income/Taxable Operating Income = $107,855/$319,500 = 0. 33757 or 33. 76% (2-9)The Shrieves Corporation has $10,000 that it plans to invest in marketable securities. It is choosing among ATT bonds, which yield 7. 5%, state of Florida muni bonds, which yield 5% (but are not taxable), and ATT preferred stock, with a dividend yield of 6%. Shrieve’s corporate tax rate is 35%, and 70% of the dividends received are tax exempt. Find the after-tax rates of return on all three securities. ATT Bonds – $10,000 x 7. 5% = $750 Taxes = $750 x 35% = $262. 50 $750 – $262. 50 = $487. 50 ATT Bond Yield = $487. 50/$10,000 = 0. 04875 or 4. 875% ATT Preferred Stock – $10,000 x 6% = $600 Tax Exemption = $600 x 70% = $420 Taxable Income = $600 – $420 = $180 Taxes = $180 x 35% = $63 $600 – $63 = $537 ATT Preferred Stock Yield = $537/$10,000 = 0. 0537 or 5. 37% Florida Muni Bonds – $10,000 x 5% = $500 Not taxable, so no tax deductions Florida Muni Bonds Yield = $500/$10,000 = 0. 05 or 5% How to cite Fi515 Chapter 1 Mini Case, Papers

Davy Crockett free essay sample

Davy did many thing through out his childhood all the way up to his adulthood. Davy was born in Tennessee on August 17, 1786 . John crockett (davy’s father) sent Davy to work for a man who was taking a herd of cattle to Virginia at age 12. Davy helped the man drive cattle for over 200 miles from Tennessee to Virginia. The trip was a little over 2 weeks, and then Davy finely returned home. Soon after, the man Wanted Davy to keep working for him. Davy was homesick but he still said yes. About one month later Davy could not stand being away from his family. So he ran away from the mans house and headed home. At age 13 Davy set out on his own, and learned to become one of the worlds greatest/and craftiest backwoodsman around. Legend says that Davy was friends with a bear and could get a raccoon to come down from a tree by just grinning at it . At age 16 Davy moved back to Tennessee with his family. In 1811 Davy’s family moved to Tennessee. They made there home near what is now the border of Alabama. By 1813 the white men had made the native Americans very made. The native Americans were called the creeks. The reason for the creeks being made is because the white men took there land. The white men thought the creeks were going to attack so they attacked first. the creeks fought back against the white men. This started a war. Davy helped the creeks fight against the white men. When Davy got back from the creek war, Polly gave birth to a daughter. Polly died in the summer of 1815. In 1816 Davy married Elizabeth Patton to care for his two children, let alone her own three children. In 1816 Davy almost died of malaria, and in 1818 Davy becomes a â€Å"court referee† in Lawrence country, Tennessee. In 1821 David Crockett was elected to the state legislature at age 35. In 1827 David Crockett was elected to the House of Representatives in Congress. David Crockett served in congress from 1827-1831, and then he served in Congress again from 1833- 1835. when he was in Congress he often made speeches and told many of his adventures. Books came out filled with information and stories about Davy’s life. They even made a lay about Davy called the lion of the west in 1831. David Crockett and a congressman Thomas Chilton wrote a book about Davy’s life. Davy was a legend while he was still living, and still is a legend to this very day. in 1835 David Crockett moved to Texas. Texas was not a state when Davy moved there. Davy was now 49 years old and he wanted to explore the frontier . Davy joined the Texas army. David fought in the Texas revolution in 183 6. the Texas Revolution was over a Mexican government that ruled Texas. The people who lived in Texas wanted to be free from the Mexicans.