Ecological Theory Typical And Atypical Child Development Social Work Essay

Vital Management for Bunkers Indoor Golf Center Paper Fortifications Indoor Golf Center is an extraordinary spot for individuals of all golf capacities to appreciate the sport of golf all year. Dugouts brings 42 diverse fairways from around the globe to the individuals of Spokane. Anybody can play the most mainstream courses in as meager as 60 minutes, on the off chance that they are playing without anyone else or around three hours if playing a foursome. Notwithstanding the incredible courses Bunkers will offer proficient golf exercises, proficient club fitting, a nine opening putting green, and four delicate white sand dugouts for chipping practice. Dugouts is an incredible spot to learn and appreciate the game. To guarantee the business gets off on the correct foot the executives has directed a SWOTT investigation and a fair scorecard. We will compose a custom paper test on Strategic Management for Bunkers Indoor Golf Center explicitly for you for just $16.38 $13.9/page Request now We will compose a custom paper test on Strategic Management for Bunkers Indoor Golf Center explicitly for you FOR ONLY $16.38 $13.9/page Recruit Writer We will compose a custom paper test on Strategic Management for Bunkers Indoor Golf Center explicitly for you FOR ONLY $16.38 $13.9/page Recruit Writer Key Management and Planning Key administration is the way toward making and actualizing choices that will empower an organization to accomplish its drawn out goals. It is the way toward indicating the companys mission, vision and targets, creating strategies and plans, frequently as far as activities and projects that are intended to accomplish these destinations, and afterward allotting assets to actualize the arrangements, plans, tasks and projects. Key administration looks to arrange and incorporate the exercises of the different practical territories of a business so as to accomplish long haul hierarchical goals. (Wikipedia.org, 2009) To guarantee Bunkers Indoor Golf Center is sorted out appropriately structure the absolute starting point the organization will use the four elements of the board. These four capacities are as per the following, arranging, sorting out, coordinating and controlling. Vital Planning is a procedure for figuring out what a business could become and how it can accomplish that objective. It investigates the maximum capacity of the business and attempts to interface the businesss destinations to the activities and the most ideal approach to accomplish them. Key Planning offers a deliberate procedure to ask and answer inquiries going up against a supervisory crew. The initial step to incredible administration is arranging. This is the most significant advance as it will make way for everything to follow. Since Bunkers Indoor Golf Center (Bunkers) is another organization it is as yet working out the bugs; arranging is consistently a continuous procedure. The organization plans everything from the sort of promoting to the manner in which it handles representative execution assessments and everything in the middle. During the key arranging stage the executives is occupied with distinguishing objectives, targets, strategies, and the assets expected to do those techniques, including representative duties and dates for consummation of undertakings. During this arranging stage the proprietors have utilized a few sorts of methodologies; the first being a field-tested strategy, trailed by program arranging and key arranging. In the field-tested strategy the proprietors will distinguish the development of the business and set an arrangement for the initial five years. This arrangement is the most significant first and foremost in light of the fact that it is the one the banks take a gander at to decide whether the business has course. It incorporates budgetary objectives, recruiting of extra representatives, destinations, a crucial the keys to progress. It is a huge arrangement and is utilized as the diagram for different plans. As pioneers make the marketable strategy, the organization will focus on the projects and systems it will use to pick up and hold clients. The projects comprise of a rebate program, corresponding things for clients, and numerous different contemplations. During this arranging stage Bunkers attempted to discover programs that would be valuable to the organization and its clients and help it to hold existing clients and increase new ones. Now, its proprietors are settling on the choices with respect to worker clothing regulations, set of principles, the representative hand book, and choosing the manner in which it ought to assess worker execution. The proprietors will likewise choose what steps they would use during worker discipline, and what they could offer representatives. Each piece of the program arranging stage makes the way for another. The methodology period of arranging is fundamental to the accomplishment of Bunkers. It incorporates the sorts of publicizing, how to increase new clients, how to hold existing clients, how and where to advertise the business, just as who to market to. The technique stage is the most energizing since it offers an opportunity to be innovative and make new associations. This region of business is serious and requires a lot of time and exertion to secure clients. This stage will be the most charming and is one that can never be halted, it is basic to keep developing. Realizing how to make and deal with a vital arrangement is fundamental to the achievement of the organization both in the first place and during its proceeded with progress. The entrepreneur can't stand to overlook the arranging phases of the business and it is something that can't ever be halted. The general achievement of any business can be added to the exertion and commitment put into the key arrangement just as the administration of the arrangement. It is a basic piece of the business and must be kept up and changed as the organization develops. Strategic Statement A significant capacity of the vital arrangement is to make a strategic the organization. At times this can be troublesome, however compensating to the organization whenever done effectively and sincerely. The statement of purpose ought to be an away from of the companys reason. It should fuse important data that tends to ideas, for example, the good/moral situation of the organization, open picture, the objective market, items/benefits, the geographic zone and desires for development and productivity. (Community for Business Planning, 2009) The vision proclamation is an alternate idea by and large, albeit here and there mistook for a statement of purpose. A dream explanation is a portrayal of an ideal result that rouses, stimulates and enables the organization to make an image of the objective. The best vision explanations for result regions depict results that are five to ten years away, albeit some glance significantly farther. (Time Thoughts, 2008) To get the business starting off on a decent strong foot a statement of purpose was made. It was done as such to give the proprietor, the executives, representatives and the clients a thought of who the organization is and what it needs to do. Coming up next is the statement of purpose for Bunkers Indoor Golf Center. Fortifications Indoor Golf Center (Bunkers) is a desert spring for all golf addicts all things considered, from low handicappers and end of the week golf warriors the same. Dugouts is committed to giving eager client care and backing to golf players who request the most ideal golf involvement with an indoor domain. Shelters is likewise devoted to giving the biggest and broadest choice of virtual greens in Spokane. Dugouts unites a group of committed individuals who love golf and trust they must assistance its clients to appreciate this incredible game much more. Each representative offers a similar pledge to greatness, a dedication that will guarantee that every single client has a fulfilling and agreeable golf understanding. This basic one section statement of purpose summarizes the organization and its objectives to assist them with bettering appreciate the sport of golf. The statement of purpose gives the clients and representatives a general rule and can assist them with understanding the inspiration driving Bunkers. It is significant that everybody associated with the organization get this and is prepared to help meet and surpass the clients desires. The vision articulation is a totally unique procedure all together. This announcement drives the organization forward to accomplish its drawn out objectives. Shelters vision articulation is generally straightforward and direct. Dugouts is focused on satisfying individuals by giving a reliably top notch experience that underlines the total golf involvement with an indoor setting. This vision explanation is short to the point and shows the responsibility that Bunkers needs to endeavor to surpass the golf players desires. Spokane is a little city and is home to a few great fairways. Be that as it may, because of the coordinations of the city, a portion of the more well known and energizing greens are troublesome play. The proprietor has had the chance to play a portion of the countrys best courses and when conversing with different golf players found that most end of the week golf players couldn't want anything more than to play these, yet given their capacity or accounts they would not or couldn't play them. Fortifications has collaborated with the main golf test system organization on the planet (Full Swing Golf) to offer these popular courses to the golf players in Spokane. Without the expense or dread the golf players of Spokane can play 42 courses from around the globe year around without leaving the city. Notwithstanding the low handicappers and end of the week warriors, Bunkers might want to work with the neighborhood school golf crews to offer a year around training office to help build up their abilities. The schools can save tee times in a similar way as the overall population however at a limited rate. The enthusiasm for golf runs profound at Bunkers and as such might want the chance to uncover the same number of first time golf players to the fervor the game offers. To help in this Bunkers needs to work with the Boys and Girls Clubs, Boy and Girl Scouts and Big Brother and Big Sister Clubs. There are such a large number of kids that could never need to chance to encounter golf; Bunkers feels it is important to connect with the greatest number possible a push to advance the sport of golf and to expand a mind-blowing encounters. Golf shows numerous l

Learning He, She, or It in English

Learning He, She, or It in English English syntax expresses that individuals are alluded to as the person and that every single other item are alluded to as it in the particular or they in the plural. In numerous dialects, for example, French, German, Spanish, and so forth protests have sex. As it were, things are alluded to as the individual in question. English understudies rapidly discover that all articles are it, and are most likely upbeat since they dont need to become familiar with the sexual orientation of each item. I live in a house. Its in the countryside.Look at that window. Its broken.I know that is my book since it has my name on it. He, She or It With Animals When alluding to creatures we run into an issue. Would it be advisable for us to allude to them as the person in question? When talking about creatures in English use it. Be that as it may, when talking about our pets or tamed creatures, its normal to utilize the individual in question. Carefully, creatures ought to consistently take it, however local speakers by and large overlook this standard when talking about their own felines, pooches, ponies or other local creatures. My feline is so well disposed. Shell say howdy to any individual who comes to visit.My hound adores running. At the point when I take him to the sea shore, he runs for quite a long time and hours.Dont contact my reptile, he chomps individuals he doesnt know! Wild creatures, then again, as a rule take it when spoken about in a general manner. Take a gander at the hummingbird. Its so beautiful!That bear resembles its very strong.The zebra in the zoo looks worn out. It just stands there throughout the day. The Use of Anthropomorphism Humanoid attribution - Noun: The attribution of human qualities or conduct to a divine being, creature, or article. You regularly hear wild creatures alluded to as the person in question in narratives. Natural life narratives educate about the propensities for wild creatures and portray their lives in manners people can comprehend. This kind of language is alluded to as a humanoid attribution. Here are a few models: The bull perseveres moving anybody to a battle. He reviews the group searching for another mate. (bull - male cow)The female horse secures her foal. She watches out for any interloper. (horse - female pony/foal - child horse) Humanoid attribution is likewise utilized with certain vehicles, for example, vehicles and pontoons. A few people allude to their vehicle as she, while mariners normally allude to ships as she. This utilization of she with certain vehicles and vessels is most likely because of the close connection individuals have with these articles. Numerous individuals go through hours with their vehicles, while mariners can burn through the majority of their lives on board dispatches. They build up an individual relationship with these articles and give them human characteristics: humanoid attribution. Ive had my vehicle for a long time. Shes part of the family.The transport was propelled twenty years back. Shes cruised around the world.Toms in affection with his vehicle. He says shes his perfect partner! Countries In formal English, particularly in more established composed distributions countries are frequently alluded to with the female she. The vast majority use it in present day times. Be that as it may, its still very basic to run over the utilization of she in progressively formal, scholarly or some of the time devoted settings. For instance, some energetic tunes in the USA contain ladylike references. The utilization of she, her and hers is regular when talking about a nation somebody adores. Ok France! Her abundant culture, inviting individuals and astonishing cooking consistently call me back!Old England. Her quality radiates through any trial of time.(from Song) ... favor America, land that I love. Remain close to her, and guide her ...

The Performance Of European Funded Projects Finance Essay - Free Essay Example

The anfractuous integration of Romania in the European Union implies a complex process of modernization and structural reorganization. One of the most important aspects of this process is the economical efficiency. In the perennial context of the economic crises, enterprises, more than ever, have to follow a complex process of reorganization in order to respect the community rules and standards. In order to fulfill this objective, the Romanian enterprises are encouraged by the possibility of receiving non-refundable funds from the European Union (80%) and Romanian Government (20%). The lack of any advertising and public relation campaigns about the process of receiving these kinds of funds has often put the final beneficiary in a predicament. Most of the Romanian investors have no idea what their obligations imply, they are focused on the idea that the money they receive neednt be refundable. The present article means to analyze the way the European funded projects are implemented, focusing mainly on the costs and obligations that the investors enter. The non-refundable European funds are an excellent opportunity for the business environment as long as the beneficiaries are aware from the beginning of the social and institutional cost of this process. KEYWORDS: cash-flow, grant, IRR JEL CLASSIFICATION: F35, F36 1.INTORDUCTION Since the 1st of January 2007 Romania has been a full right member of the European Union. Having this position, our country receives non-refundable funds, available through projects, for the development and reducing the socio-economic gaps/disparity in comparison with the other members. Romania presently has several financing programs with different levels of aid intensities (depending on the kind of eligible beneficiaries and the type of investment funded), the most relevant of them are: National program for rural development 2007-2013 The operational program Increase of economic competitiveness The operational program for Human resources development The operational program for environment The operational program for transport The operational program administrative capacity development. The magnitude and complexity of the non-refundable funds do not admit an exhaustive analysis of the problem, only in case of studies involving teams formed by specialists in this issue. For this present analysis we chose a line of funding from the National Program for Rural Development 2007-2013, the third axis Improving the quality of life in rural areas and diversification of the rural economy, 313 Measure Encouragement of tourism. This line sets the overall objective of financing the development of tourism activities in rural areas in order to help increase employment and alternative income, as well as increasing the attractiveness of rural areas (EC, 2009; EC, 2005; MARD, 2009). Given this ample general objective, within the 313 Measure we have four kinds of investments, namely: a) Investment in tourism accommodation infrastructure (this component is broken down in turn into agro-tourism and rural tourism), b) Investments in recreational activities, c) Investment in small-scale infrastructure such as information centers, tourism signs, etc.. and d) development and / or marketing of tourism services relating to rural tourism (PARDF, 2012). Another effect of the extensive overall objective is the diverse range of eligible applicants. Eligible within the 313 Measure are: micro-enterprises, freelancers, local authorities and NGOs. 2. MATERIALS AND METHODS OF RESEARCH In the present material we performed an analysis of a hypothetical project implemented by a micro-enterprise, within the component Investment in tourism accommodation infrastructure (rural tourism). In this example, the non-refundable financial aid is 50% of the eligible value of the project (but no more than ÃÆ' ¢Ãƒ ¢Ã¢â€š ¬Ã… ¡Ãƒâ€šÃ‚ ¬ 200.000). The total value of the project is 496.000 Euros, of which the eligible amount is 400.000 Euros (this value was chosen since it covers the costs of a bed and breakfast of four daisies (the equivalent of four stars) with ten double rooms and a restaurant) and ineligible value 96.000 Euros (which is VAT, which is not funded by the European Union as it is recovered from the National Tax Administration Agency). The implementation period of this hypothetical project is one year. Given the value of the non-refundable financial aid and of the eligible value of the project, the investor would receive 200.000 Euros from structural funds. The problem that is overseen by many potential investors is that the European funding is granted on the principle of reimbursement of expenses made by the beneficiary. Many investors do not take into account the additional costs associated with this principle (short-term financing). Another omission made by potential beneficiaries is related to the monitoring period. A beneficiary who has implemented a project with non-refundable funds within the 313 Measure should keep the bed and breakfast into service and do not to alienate/sell it at least five years after completion. During this monitoring period the beneficiary must maintain all of the jobs foreseen in the project. In this example, (considering the value of 200.000 Euros of the non-refundable financial aid) the appropriate number of jobs created by the project must be eight (given the selection criterion no. 3 non-refundable financial amount / number of jobs created ÃÆ' ¢Ãƒ ¢Ã¢â€š ¬Ã‚ °Ãƒâ€šÃ‚ ¤ 25.000 Euros (PARDF, 201 2). These two omissions generate additional financial efforts for potential beneficiaries that can be considered a cost of the non-refundable financial aid. This article trays to determine the level of these costs and the actual percentage of co-financing of such an investment. To see the differences that arise between the various scenarios with and without the influence of personal costs and the costs of short-term financing, we must take into account two indicators: a) IRR F/(C) financial internal rate of return calculated on the investment, quantified by the formula: (1) ) where: I0 is the initial investment (the eligible value + ineligible value of project); CFi is the value of the cash flows generated by the project in operation (flows from investing activities, financial and operational); VR residual value, estimated at the end of the time horizon taken into consideration. b) IRR F/(K) financial internal rate of return calculated on the value of its own contribution. In this case we use the formula: (2) ) where: K is the private co-financing (financing the eligible amount (50%)) + other ineligible costs incurred during the implementation; CFi is the value of the cash flows generated by the project in operation (flows from investing activities, financial and operational); VR residual value, estimated at the end of the time horizon taken into consideration. (EC, 2008; Hazen, 2003) Ignoring the costs of short-term funding (generated by the principle of reimbursement of expenditure already made) and costs related to the number of jobs to be created and maintained during monitoring period, the investment has a IRR F / (C) -1.95% , which reveals that the project is not attractive for financing from a bank or investor. Also there is an IRR F / (K) of 10.12%, showing that through a 50% non-refundable financial assistance, the project would become viable (two indicators detailed in the Table 1 Variables initial investor). Table 1. Variables initial investor Implementing year Year 1 Year 2 Year 3 Year 4 Year 5 Investment value 2.083.200 Cash-flow 55.785 121.441 124.969 128.497 132.025 Residual value 1.344.000 Flow for IRR F/(C) -2.083.200 55.785 121.441 124.969 128.497 1.476.025 IRR F/(C) -1.95% Flow for IRR F/(K) -1.243.200 55.785 121.441 124.969 128.497 1.476.025 IRR F/(K) 10.12% Source: Own calculations based on data previously presented The data in Table 1 are based on the following assumptions: the analysis was done in constant prices without the effect of inflation and private co-financing of the project relies on a credit for a period of 20 years, with an interest rate of 10% and a period of grace of 12 months (equivalent to project implementation period). The value of this credit is 50% of the eligible value of the project. Staff considered is presented in Table 2. The And management and supply functions will be provided by the sole shareholder of the company. Table 2. Staff minimum variant No. Position Gross monthly salary lei 1 Shareholder 0 2 Chef 2.200 3 Waiter 1.700 4 Maid 1.700 5 Reception staff 1.900 6 Accountant 2.000 Total 9.500 Source: Average estimate Table 3. Staff optimal variant No. Position Gross monthly salary lei 1 Manager 2.500 2 Supply staff 2.000 3 Chef 2.200 4 Waiter 1.700 5 Maid 1.700 6 Reception staff 1.900 7 Accountant 2. 800 Travel Guide 2.000 Total 16.000 Source: Average estimate Based on the specifications in the Guidelines for Applicants on measure 313, in order to get a good score and therefore to be selected for funding a project needed to create jobs in proportion to its value, i.e., for each 25.000 euro received as grant the applicant must be created and maintained for at least five years a full-time job. Table 3 presents the structure of personnel as specified by guide (in quantitative terms). It is also well balanced, covering all activities that might take place in a boarding houses. In Table 4 the two indicators calculation is done, this time taking into account the jobs that must be created. Table 4. Project attractiveness with correction for jobs Implementing year Operating period Year 1 Year 2 Year 3 Year 4 Year 5 Investment value 2.083.200 Cash-flow -44.055 21.601 25.129 28.657 32.185 Residual value 1.344.000 Flow for IRR F/(C) -2.083.200 -44.055 21.601 25.129 28.657 1.376.185 IRR F/(C) -7.52% Flow for IRR F/(K) -1.243.200 -44.055 21.601 25.129 28.657 1.376.185 IRR F/(K) 2.50% Source: Own calculations based on data previously presented Cash Flow Estimation was done based on Annex 1. It appears that after this correction the attractiveness of the project significantly decreased, but not so as to be abandoned and unfunded (IRR F / (K) 0%). Table 5.1. Extract from cash flow during the implementation small credit Period Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Net cash flow for the period 509.600 161.000 -7.000 -330.400 161.000 -330.400 Available cash of the previous month 200 200 509.800 670.800 663.800 333.400 494.400 Available cash at end of period 200 509.800 670.800 663.800 333.400 494.400 164.000 Source: Average estimate Table 6.2. Extract from cash flow during the implementation small credit Period Month 7 Month 8 Month 9 Month 10 Month 11 Month 12 Total year Net cash flow for the period 161.000 -330.400 161.000 -330.400 161.000 -7.000 -21.000 Available cash of the previous month 164.000 325.000 -5.400 155.600 -174.800 -13.800 200 Available cash at end of period 325.000 -5.400 155.600 -174.800 -13.800 -20.800 -20.800 Source: Average estimate Analyzing the cash flow for the implementation period we can see that in the eighth month, the company runs out of available cash, a delicate problem, most often synonymous with insolvency. Although hypothetically the company would pass over this impasse, because the amount involved is relatively small, in the tenth month the cash requirements to continue are much higher. This situation occurs due to the gap of about a month, between the investment and the reimbursement (the grant). The investment is made in five installments (thus the needs for cash are minimal), during 1, 4, 6, 8 and 10. These invoices are paid in propor tion to the investment company and made ÃÆ' ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒ ¢Ã¢â€š ¬Ã‚ ¹ÃƒÆ' ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒ ¢Ã¢â€š ¬Ã‚ ¹grant aid is granted in months: 2, 5, 7, 9 and 11. Another cost factor is determined for the cash depletion rates. The negative cash flow is covered in the fourth year of the operation period (see Table 6). Table 7. Extract from cash flow from operating period small credit Period Implementing Year Operating period Year 1 Year 2 Year 3 Year 4 Year 5 Net cash flow for the period -44.055 21.601 25.129 28.657 32.185 Available cash of the previous month -20.800 -20.800 -64.855 -43.254 -18.126 10.531 Available cash at end of period -20.800 -64.855 -43.254 -18.126 10.531 42.716 Source: Average estimate In order to implement the project, the company will have to contract a greater loan, which allows it to sustain the interest expenses and differences arising between payments and reimbursements. The second scenario in which the company relies on a credit (under similar conditions: 20 years repayment period, interest of 10% and 12 months grace period), but the higher value of the loan, surmounts the problems outlined above. In this situation, the grater loan allows the company to operate under normal conditions, avoiding liquidity risk without lags during the implementation period (see Table 7.1 and 7.2) or in the first five years of the operational period (see Table 8). Table 8.1. Extract from c ash flow during the implementation high credit Period Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Net cash flow for the period 866.600 158.000 -10.000 -333.400 158.000 -333.400 Available cash of the previous month 200 200 866.800 1.024.800 1.014.800 681.400 839.400 Available cash at end of period 200 866.800 1.024.800 1.014.800 681.400 839.400 506.000 Source: Recalculate from Scenario 1 Table 9.2. Extract from cash flow during the implementation high credit Period Month 7 Month 8 Month 9 Month 10 Month 11 Month 12 Total year Net cash flow for the period 158.000 -333.400 158.000 -333.400 158.000 -10.000 303.000 Available cash of the previous month 506.000 664.000 330.600 488.600 155.200 313.200 200 Available cash at end of period 664.000 330.600 488.600 155.200 313.200 303.200 303.200 Source: Recalculate from Scenario 1 From Table 7.1 and 7.2 we can see that the available cash at the end of each period is positive, denoting the fact that the company has sufficient cash resources to operate normally. Table 10. Extract from cash flow from operating period high credit Period Implementing Year Operating period Year 1 Year 2 Year 3 Year 4 Year 5 Net cash flow for the period -97.080 -29.624 -24.296 -18.968 -13.640 Available cash of the previous month 303.200 303.200 206.120 176.496 152.199 133.231 Available cash at end of period 303.200 206.120 176.496 152.199 133.231 119.591 Source: Recalculate from Scenario 1 As a side effect of the higher credit we can observe (see Table 8) that the cash flows generated by the investment are lower than those caused by lower loan (see Table 6), this being blamed on higher interest rates Table 11. Annual rates of both loans Large Credit Small Credit Differences Loan Value 1.200.000 840.000 360.000 The value of annual installments 60.000 42.000 18.000 Source: Own calculations based on data previously presented The two credits are obtained in similar conditions, both repayment periods are 20 years, but because of amounts differ, the values of the annual rates differ as well. Table 12. Annual interest of both credits Amount of interest Implementing year Operating period Year 1 Year 2 Year 3 Year 4 Year 5 Large Credit 120.000 116.750 110.750 104.750 98.750 92.750 Small Credit 84.000 81.725 77.525 73.325 69.125 64.925 Differences 36.000 35.025 33.225 31.425 29.625 27.825 Source: Own calculations based on data previously presented Interest calculation was performed by applying 10% annual margin outstanding of the loan (the amount remaining to be paid). Table 13. The additional cost of the higher credit Discount rate 5% Period (Years) 0 1 2 3 4 5 Difference in credit 54.000 35.025 33.225 31.425 29.625 27.825 Discount factor 1 0,95238 0,90702 0,86383 0,82270 0,78352 Difference in loan discounted 54.000 33.357,14 30.136,05 27.146,1 24.372,56 21.801,62 Discounted total costs 190.813,47 Source: Own calculations based on data previously presented In terms of time, the costs of credit will be carried forward, to ensure the unit of analysis, they are discounted (the discount rate used is 5% without the effect of inflation). Table 14. Project attractiveness after correction for jobs and correction for necessary credit Variant 1 Implementing year Operating period Year 1 Year 2 Year 3 Year 4 Year 5 Investment value 2.083.200 Cash-flow -97.080 -29.624 -24.296 -18.968 -13.640 Residual value 1344000 Flow for IRR F/(C) -2.083.200 -97.080 -29.624 -24.296 -18.968 1.330.360 IRR F/(C) -10.30% Flow for IRR F/(K) -1.243.200 -97.080 -29.624 -24.296 -18.968 1.330.360 IRR F/(K) -1.26% Source: Own calculations based on data previously presented Recalculating the IRR F / (C) and IRR F / (K) taking in to account the high credit (see Table 12) we can see that the attractiveness of the project has fell drastically, both indicators have negative valuesÃÆ' ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒ ¢Ã¢â€š ¬Ã‚ ¹ÃƒÆ' ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒ ¢Ã¢â€š ¬Ã‚ ¹. This requires a rethinking of the entire project, the most viable solution is the reduction of the investment value, introducing new products that bring additional income or finding more attractive funding sources). III. Research results Plotting the evolution of the two indicators before and after making the corrections, it appears that both indicators registered a strong downtrend. Figure 1. Evolution IRR/ C and IRR/K Source: own representation of the results The analysis of the indicators illustrates the fact that the project initially seemed viable, but now it has to be rethought because even with the non-refundable financial support it cant be profitable. Investors who do not know the system of awarding grant can reach difficult situations such as: projects blocked because the beneficiary has no more financial resources, facilities constructed through grant projects that have to be kept in operation although no profit is being made etc. Table 15. Actual percentages of co-financing Category Value Percentage Eligible value 1.680.000,00 100.00% Grant 840.000,00 50.00% Private contribution 840.000,00 50.00% Real Grant 840.000,00 33.28% Real Private contribution 1.120.813,47 66.72% Source: Own calculations based on the scenarios previously presented If we consider the additional cost generated by a higher loan necessary for covering the gap between the investment and the reimbursement of expenses, the grant aid intensity (expressed as percentage) decreases from 50% to 33.28%. This new value can be called the actual grant aid. A counter argument could be that the investor has sufficient financial resources and a credit is not needed. However, in this case he blocks a certain amount of money for a determined period of time, during which he cant use it. Although this cost is difficult to place in a cash flow, as an opportunity cost, it exists, and interferes on a long-term perspective, the investor renouncing the use of those amounts, which could generate income. IV. Conclusions Grants are an opportunity for all businesses and a diverse pallet of investors. The decision to start such a project must be analyzed very well, because all sources of capital even grants have a specific cost, sometimes hard to quantify explicitly. In the case of grants, the cost derives mainly from the social side and the process of reimbursement. However, through a detailed economic and financial analysis of the project that takes into account of all the elements, both obvious and most discreet, the success of the investment can be ensured and thus fulfill all the objectives and commitments of the grant recipient.

The Homeless Population - 953 Words

There are many avenues one could choose when looking for a way to give back to the community. I decided to focus on giving back to the homeless population. For one week, a group of church members, and myself went to the state of California to serve the homeless population in Los Angeles, and San Francisco in more ways than one. We started the journey in downtown L.A.. That first morning we were given beaten-up clothing, and sent out the door of the hotel with no breakfast or money. In partners we headed toward skid row to seek out a corner for pan-handling before meeting at The Mission for lunch. Skid row is an area of L.A. that most do not venture into. The streets are filled to capacity with many different people that all have one thing in common, homelessness. The filth is outrageous, and the smell of different bodily fluids is unbearable. There are no smiles, or warm feelings; it is survival of the fittest. The experience opened everyone’s eyes to the pain, and unseen stru ggles of homelessness. We were better equipped to help the people we would be meeting as the trip continued. At the end of the day, the money collected as a group was donated to The Mission. The next major stop was in the â€Å"Tenderloin† of San Francisco. This area was stricken by homelessness as well, but held a culture all of its own. My different viewpoint of this homeless culture may have been based on the type of work we did here, none the less, I noticed more working poor, open drug trade, and mostShow MoreRelatedThe For The Homeless Population1695 Words   |  7 PagesIntroduction The population I chose for this treatment group is the homeless population with a focus on life skills; more specifically with barriers to employment. The general population puts unrealistic expectations upon the homeless rather than meeting them with empathy and realistic support. 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Individuals experien cing homelessness come from various backgrounds and cultures physically, financially, and emotionally. They could be considered the melting pot for diversity. Often times individuals experiencing homeless are judged by their outer appearance with no regard for the contributing factors to the situation. According to the National AllianceRead MorePoverty And The Homeless Population Essay1704 Words   |  7 Pagespercent increase since the homeless count in 2013 (Halstead). These numbers are only expected to go up in the coming years, as long the problem of not enough room in shelters exist. In addition to the individual homeless population growing, the streets of Marin will see another consequence that the county faces due to this problem. The community will see a significant increase in the number of homeless families. Marin now more than before is seeing more families living on the streets. AccordingRead MoreA Research On The Homeless Population942 Words   |  4 Pages the author discusses his research on the homeless population. He refers to the many routes one can take to become homeless. Choose two populations from his list that you think might work in your career as a human service professional. Describe two possible interventions or tasks that you might be involved with in working with each population. What are some of the general skills a human services professional might need to work with these populations? There are many types of homelessness in ourRead MoreVulnerable Population : The Homeless1212 Words   |  5 PagesVulnerable Population: The Homeless Having the privilege to work in one of the busiest emergency departments in Florida, I get to meet many different types of individuals, many of those being homeless. Homeless persons are high risk individuals requiring ED services due to their poor health status, high rates of morbidity, lack of health insurance, chronic use of alcohol and drug abuse, unintentional injuries and much more (Tang, Stein, Hsia, Maselli Gonzales, 2010). According to the NationalRead MoreHomeless Population Essay991 Words   |  4 PagesHomeless Populations HN200 1. In your text on pages 206-207, the author discusses his research on the homeless population. He refers to the many routes one can take to become homeless. Choose two populations from his list that you might work with in your career as a human services professional. Describe two possible interventions or tasks that you might be involved with in working with each population. What are some of the general skills a human services professional might need to

Roosevelt, Immigration, and “Tru Americanism” - 1706 Words

As one of the presidents during the Progressive Era, Theodore Roosevelt led the United States of America through a series of dramatic changes that interrupted the lives and ideologies that Americans during the time were more than familiarized with. Industrialization, women’s suffrage, the sexual revolution, imperialism, and â€Å"muckraking† journalism were just a few of the controversial, yet significant characteristics of this era. However, perhaps one of the largest and most vital influences during this time period came from the outside. Immigration was an issue that Roosevelt himself addressed rather perceptibly in his paper entitled â€Å"True Americanism,† which first appeared in a magazine called The Forum in April, 1894. However, it is not†¦show more content†¦Therefore, it is un-American to imitate the ways and/or plans of other countries. Roosevelt says that it is better to be an original than a copy, even when the copy is of something better t han the original, because despite all of this country’s faults and shortcomings, no other land offers the possibilities offered here (3). One must realize that there is a certain esteem that comes with even being called an American, and he/she is not truly American until this is fulfilled. In relation to immigration, Roosevelt calls upon immigrants to forget about the ways of the governments of their native lands. The American government now rules them, and they must accept the common law just as any American is required to do. Roosevelt’s second level of Americanism is to make a sense of national pride priority over sectional, or what Roosevelt likes to call, parochial pride (2). To place any other pride above pride in the nation is considered disastrous and un-American. â€Å"We do not wish in politics, literature, or in art, to develop that unwholesome parochial spirit, that over-exaltation of the little community at the expense of the great nation, which produces what has been described as the patriotism of the village, the patriotism of the belfry

DO I HATE OR LOVE YOU Essay free essay sample

DO I HATE OR LOVE YOU? Essay, Research Paper Do I Hate You Or Love You? Why is it that you leave me experiencing so entirely and confused? All I want in our relationship is a feeling of love, non the feeling of being used. I feel so used and abused, but something supports me coming back to you. Possibly it # 8217 ; s your smiling that keeps me from stating we # 8217 ; re through. Or possibly your eyes that I merely fall into. Possibly it # 8217 ; s the sweet words you claim you mean. I don # 8217 ; t believe you mean them, from what I # 8217 ; ve seen. It # 8217 ; s difficult to understand why you hurt me when you say you love me. I wish you would demo me you want to be with me. When I think of you, I think I hate you. When I hear your voice, I can # 8217 ; t experience any manner other than I love you. We will write a custom essay sample on DO I HATE OR LOVE YOU Essay or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Please, merely give me a mark you # 8217 ; rhenium still at that place. Merely, please, demo me you truly care, About me and about # 8216 ; us # 8217 ; , Because right now I # 8217 ; m experiencing low and entirely. With no 1 to turn to. I wanted to easy give you my bosom and my psyche. But, you stole my bosom and my soul whole. You left no love for me to love others with. You are the lone one I love and want to be with. Merely, please, demo me you want to be with me, excessively. For I know what I feel and I feel that I love you. Do I Hate You Or Love You? Why is it that you leave me experiencing so entirely and confused? All I want in our relationship is a feeling of love, non the feeling of being used. I feel so used and abused, but something supports me coming back to you. Possibly it # 8217 ; s your smiling that keeps me from stating we # 8217 ; re through. Or possibly your eyes that I merely fall into. Possibly it # 8217 ; s the sweet words you claim you mean. I don # 8217 ; t believe you mean them, from what I # 8217 ; ve seen. It # 8217 ; s difficult to understand why you hurt me when you say you love me. I wish you would demo me you want to be with me. When I think of you, I think I hate you. When I hear your voice, I can # 8217 ; t experience any manner other than I love you. Please, merely give me a mark you # 8217 ; rhenium still at that place. Merely, please, demo me you truly care, About me and about # 8216 ; us # 8217 ; , Because right now I # 8217 ; m experiencing low and entirely. With no 1 to turn to. I wanted to easy give you my bosom and my psyche. But, you stole my bosom and my soul whole. You left no love for me to love others with. You are the lone one I love and want to be with. Merely, please, demo me you want to be with me, excessively. For I know what I feel and I feel that I love you. Do I Hate You Or Love You? Why is it that you leave me experiencing so entirely and confused? All I want in our relationship is a feeling of love, non the feeling of being used. I feel so used and abused, but something supports me coming back to you. Possibly it # 8217 ; s your smiling that keeps me from stating we # 8217 ; re through. Or possibly your eyes that I merely fall into. Possibly it # 8217 ; s the sweet words you claim you mean. I don # 8217 ; t believe you mean them, from what I # 8217 ; ve seen. It # 8217 ; s difficult to understand why you hurt me when you say you love me. I wish you would demo me you want to be with me. When I think of you, I think I hate you. When I hear your voice, I can # 8217 ; t experience any manner other than I love you. Please, merely give me a mark you # 8217 ; rhenium still at that place. Merely, please, demo me you truly care, About me and about # 8216 ; us # 8217 ; , Because right now I # 8217 ; m experiencing low and entirely. With no 1 to turn to. I wanted to easy give you my bosom and my psyche. But, you stole my bosom and my soul whole. You left no love for me to love others with. You are the lone one I love and want to be with. Merely, please, demo me you want to be with me, excessively. For I know what I feel and I feel that I love you.

Shakespeare Poems Essays - British Poetry, , Term Papers

Shakespeare Poems Past, Present, and Future: Finding Life Through Nature William Wordsworth poem "Lines Composed a Few Miles above Tintern Abbey" was included as the last item in his Lyrical Ballads. The general meaning of the poem relates to his having lost the inspiration nature provided him in childhood. Nature seems to have made Wordsworth human.The significance of the abbey is Wordsworth's love of nature. Tintern Abbey representes a safe haven for Wordsworth that perhaps symbolizes a everlasting connection that man will share with it's surroundings. Wordsworth would also remember it for bringing out the part of him that makes him a "A worshipper of Nature" (Line 153). Five different situations are suggested in "Lines" each divided into separate sections. The first section details the landscape around the abbey, as Wordsworth remembers it from five years ago. The second section describes the five-year lapse between visits to the abbey, during which he has thought often of his experience there. The third section specifies Wordsworth's attempt to use nature to see inside his inner self. The fourth section shows Wordsworth exerting his efforts from the preceding stanza to the landscape, discovering and remembering the refined state of mind the abbey provided him with. In the final section, Wordsworth searches for a means by which he can carry the experiences with him and maintain himself and his love for nature. . Diamantis 2 In the first stanza, Wordsworth lets you know he is seeing the abbey for a second time by using phrases such as "again I hear," "again do I behold," and "again I see. He describes the natural landscape as unchanged and he describes it in descending order of importance beginning with with the "lofty cliffs" (Line 5) dominantly overlooking the abbey. After the cliffs comes the river, , then the forests, and hedgerows of the cottages that once surrounded the abbey but have since been abandoned. After the cottages, is the vagrant hermit who sits alone in his cave, perhaps symbolizing the effects being away from the abbey has had on Wordsworth. Wordsworth professes to "sensations sweet / Felt in the blood, and felt along the heart" (lines 28-29) which the memories of nature can inspire when he is lonely, just as the hermit is lonely. Wordsworth desires nature only because of his separateness, and the more isolated he feels the more he desires it. This is described in "Lines" : As that blessed mood, In which the burthen of the mystery, In which the heavy and the weary weight Of all this unintelligible world Is lightened:- that serene and blessed mood, In which the affections gently lead us on, Until, the breath of this corporeal frame And even the motion of our human blood Almost suspended, we are laid asleep In body, and become a living soul. (Lines38-47) In the second stanza, Wordsworth parallels his experience upon returning to Tintern Abbey five years later to his previous visit. He has changed from thinking of the present to the past. He describes using the abbey as a consolation whenever he felt overrun by the dismal, uniform, urban landscapes he had become accustomed to. However, after his first visit he began to forget the details of the abbey and what it meant to him: "as gleams of half-extinguished thought, with many recollections dim and faint, and somewhat of a sad perplexity" (Line 57-60) Diamantis 3 In the third stanza, Wordsworth begins a transition back to the present moment. He enjoys the pleasure of this time and also anticipates that he will enjoy it again in future memories. In the fourth stanza, however, he starts to recapitulate his life as a series of stages in the development of a relationship with nature. At first he roamed as freely as an animal, but as he grew he felt joy and rapture and passionate involvement with his own youth. Now he is involved with human concerns. He has become more thoughtful and sees nature in the light of those thoughts. He still loves nature, but in a more mature and more emotionally subdued way. Can he salvage the meaning of the abbey and take it with him as an inspiration? In the second stanza he relates how in the five intermediate years he would often attempt to remember Tintern Abbey, to recapture that harmony of mind and environment. He has spent some time away from the region and has forgotten the experience, he becomes doubtful and feels isolated from nature. He recapture the feeling, however, when he refers to these lines in the fourth