History of Washing Machines

History of Washing Machines Early washing machines were invented back in the 1850s, but people have been doing laundry since they graduated from wearing fig leaves. Over the course of centuries, the technology for washing clothes has evolved from crude manual labor to high tech. Laundry Before Machines In many ancient cultures, peoples cleaned their clothes by pounding them on rocks or rubbing them with abrasive sands and washing the dirt away in streams or rivers. The Romans invented a crude soap, similar to lye, that contained ash and fat from sacrificed animals. In colonial times, the most common way of washing clothes was to boil them in a large pot or cauldron, then lay them on a flat board, and beat them with a paddle called a dolly. The metal washboard, which many people associate with pioneer life, wasnt invented until about 1833. Before that, washboards were made entirely of wood, including the carved, ridged washing surface. As late as the Civil War, laundry was often a communal ritual, especially in places near rivers, springs, and other bodies of water, where the washing was done. The First Washing Machines By the mid-1800s, the United States was in the midst of an industrial revolution. As the nation expanded westward and industry grew, urban populations mushroomed and the middle class emerged with money to spare and boundless enthusiasm for labor-saving devices. A number of people can lay claim to inventing some kind of manual washing machine that combined a wooden drum with a metal agitator. Two Americans, James King in 1851 and Hamilton Smith in 1858, filed and received patents for similar devices that historians sometimes cite as the first true modern washers. However, others would improve on the basic technology, including  members of the Shaker communities in Pennsylvania. Expanding on ideas begun in the 1850s, the Shakers built and marketed large wooden washing machines designed to work on a small commercial scale. One of their most popular models was displayed at the Centennial Exposition in Philadelphia in 1876. Fast Facts: Washing Machine Trivia A washing machine invented in France in the early 1800s was called the ventilator. The device consisted of a barrel-shaped metal drum with holes that was turned by hand over a fire.One of the first African-American inventors of note in the 19th century, George T. Sampson, received a patent for a clothes dryer in 1892. His invention  used the heat from a stove to dry clothes.The first electrical clothes dryers appeared in the United States in the years prior to World War I.In 1994, Staber Industries released the System 2000 washing machine, which is the only top-loading, horizontal-axis washer to be manufactured in the United States.The first computer-controlled consumer washer appeared in 1998. Fisher Paykels SmartDrive washing machines used a computer-controlled system to determine load size and to adjust the wash cycle to match.   Electric Machines Thomas Edisons pioneering work in electricity accelerated Americas industrial progress. Until the late 1800s, home washing machines were hand-powered, while commercial machines were driven by steam and belts. That all changed in 1908 with the introduction of the Thor, the first commercial electric washer. The Thor, the invention of Alva J. Fisher, was marketed by the Hurley Machine Company of Chicago. It was a drum-type washing machine with a galvanized tub. Throughout the 20th century, Thor continued to make innovations in washing machine technology. In 2008, the trademark was bought out by Los Angeles-based Appliances International and soon introduced a new line under the Thor name. Even as Thor was changing the commercial laundry business, other companies had their eye on the consumer market, perhaps most notably the Maytag Corporation that got its start in 1893 when F.L. Maytag began manufacturing farm implements in Newton, Iowa. Business was slow in winter, so to add to his line of products, Maytag introduced a wooden-tub washing machine in 1907. Not long after, Maytag decided to devote himself full-time to the washing machine business. The Whirlpool Corporation, another well-known brand, debuted in 1911 as the Upton Machine Co., in St. Joseph, Mich., producing electric motor-driven wringer washers. Sources Marton, Barry. Washing Machine. Encyclopedia.com. Accessed 16 Mar. 2018 Museum staff. The Shaker Improved Washing  Machine. Shaker Museum. 20 July 2016.Staff editors. Clothes Washing Machines. Edison Tech Center. 2014.Telegraph staff. A Timeline of Inventions. Telegraph.co.uk. 6 July 2000.

Memo and email Essay Example | Topics and Well Written Essays - 750 words

Memo and email - Essay Example In addition, employees will receive twice the normal bonus in the coming year. All workers are invited to attend the meeting next week and will be excused from their jobs for an hour so that they may do so. Second Scenario Memo Date: 5/31/2013 To: The Workers of SimuTech From: The Management RE: The Issue of Discipline This memo is concerns the recent firing of Craig Wilson due to flouting company regulations. SimuTech has some of the most flexible rules where employees are concerned. Moreover, it is vital for those policies to be well observed by all employees regardless of skill or competence if the company is to save on costs and also avoid unnecessary expenses. Workers are also expected to tend to the company’s business when they are at work, and not spend time pursuing their own interests on the company’s time. Craig Wilson, though a competent and highly intelligent worker, exposed the company to the possibility of litigation due to his illegal downloading of copyr ighted material. Not only was he using the company’s time for his own ends, but he was also exposing it to lawsuits. Even though Craig has had a stalwart career with SimuTech, it was decided to let him go because this was not a first incident. It is our hope that this termination serves as a warning to all workers who have considered conducting such an operation. Workers who have any questions about other activities that are considered to be illegal are advised to contact SimuTech’s human resources department. First External Business Email Subject Line: Promotional Offering – Susan Monk I was happy to receive your proposal about installing a metal sign at the reduced cost of $2000. However, the Warren Enterprises Corporation is currently undergoing numerous activities that require increased capital. As a result of this, I will not be able to take advantage of your offer at the present time. Moreover, after the present contracts are done, I will be most intereste d in acting on any proposals from the Chamber of Commerce in future. Thanks again for your offer. I appreciate your efforts and hope we can cooperate on business projects in future. Best regards, Name Second External Business Email Subject Line: Request for Refund I would like to address the issue of the float that was created for the Warren Enterprises for the annual Patriots event. I would like to request for a refund of the $1000 that the Warren Enterprises gave for its float. However, it is only fair to give the reasons for my request. The float was quite a disappointment because it had several obvious cracks and its colors, apart from being quite garish, were not those on the logo of Warren Enterprises. The float did not have the name of Warren Enterprises on any part of it either. Needless to say, more than one manager commented about the ungainly float. I spoke to one of your workers about this and included a copy of the receipt along with the letter of complaint I gave him t o give to you. I would appreciate it if you sent the refund at your earliest convenience. Still, you can reduce the fee required for installing the sing on the ball park. I hope to hear from you soon. Best Regards, Name Cover Memo OFFICE SYMBOL DATE 5/31/2013 MEMORANDUM FOR: Instructor SUBJECT: The Challenge of the Subject The firing of a proficient employee has been a challenging subject for me to tackle. This is because I was relieved of my duties owing to the

Influence of Technology on Nursing Education Thesis

Influence of Technology on Nursing Education - Thesis Example In this context, the researchers have put forward an effective step to developing an understanding of nurse’s perception about the barriers for online education. The wide scope of this field is rejected, mostly by the nursing staffs. This is because of various reasons such as the lack of necessary computer skills, inefficient training in the prevailing education system, lack of motivation and orientation etc. The willingness of the staffs is also accountable for the rejection. The attitude of nurses with regard to the concept of online education is different from the nursing students and the employed nursing staffs. The study is done based on the hypothesis that the nursing students have a positive attitude towards the online education. Among the hospital employed nurses, lack of staff confidence in using technology inhibits their use of online education. Today the hospitals are providing quality healthcare with advanced technologies. The need of continuing education helps to improve the quality of service. These circumstances laid the platform for the nontraditional academic system of learning. These educational programs and training sessions are important to update the medication, skill, and techniques of the nurses. The virtual hospitals are the other out breaking area in the IT field. The simulation labs are very much efficient in e-learning. Various barriers such as lack of access to computers and the internet, lack of orientation and motivation towards the use of computer technologies, the multigenerational gap among the employers etc., influence the perception of the nurses towards applying the technology to further advance their education prospects. The TIGER is the Technology Informatics Guiding Educational Reform which initiative to enable practicing nurses and the nursing students to fully update in the emerging Digital El ectronic era in healthcare.

Western Governors University Essay Example for Free

Western Governors University Essay According to The Levine Institute (2013), the term globalization can be defined as â€Å"a process of interaction and integration among the people, companies, and governments of different nations.† Globalization and modernization have been occurring for thousands of years around the world. This can be further explained as the influence that modern nations have on non-developed nations and cultures. The influences that modern nations have can either be related to direct or indirect contact. Both globalization and modernization can have positive and negative impacts on cultural practices. The purpose of this paper is to analyze the effects of globalization on native non-Western cultural practices. Some examples of globalization on native non-Western cultural practices include the influence of cable television in India, the booming commerce in China, and the factor that globalization has played in South Korea’s growth and economic success. While some have had success and felt positive economic effects of globalization, the influence of television in India may have negatively impacted the previously religious and spiritual cultural that existed before the globalization period. This cultural shift in India was influenced partially by the World Trade Organization. The World Trade Organization assisted in lowering import taxes which allowed India to economically benefit by being able to produce products at a much reduced price for the American consumers. The cultural in India significantly changed during this period and while it was previously uncommon to see unrelated women and men living together before the economic shift, it is currently common practice. The economic shift that was directed related to globalization may have also been responsible for unintentionally influencing an increase in violence over the past decade. Another example of globalization takes place in Japan. When McDonald’s restaurant first came to Japan in May 1971, a phenomenon was created by introducing the concept of Western â€Å"fast food† to a foreign country (Chang, 2011). Before the introduction of McDonald’s, Japan cultural had centered on family food preparation and rituals, such as obento. Obento is prepared by Japanese mothers and â€Å"The tradition becomes part of the social education of both parent and child and creates a connection between home and school for a youngster’s earliest forays away from family† (Gordon, 2005). Japanese mothers would spend nearly an hour crafting the elaborate obento for their child to take to school every day. Teachers would judge the obento and ensure that specific rules were followed during the crafting of the meal, such as the food being as handmade as possible, appetizing, and aesthetically appealing (Gordon, 2005). In Japan, obento symbolized the mother’s responsibility to food preparation and a child’s responsibility to education. The introduction of McDonald’s took some time to spread in Japan but cleaver marketing strategies aided in changing the face of fast food. According to Chang (2011), â€Å"McDonald’s marketed as a stylish place to go to with family and friends. They have also included special menus for Japanese customers such as American regional burgers and teriyaki burgers.† McDonald’s also added a variety of unique toys that were specific to the Japanese culture in kid’s happy meals. Since the introduction of fast food, Japan’s obesity rates have risen tremendously. The director of the Drug Discovery Research Center at Kyoto University, Gozoh Tsujimoto, blames Westernized fast food for Japanese obesity rates rising threefold from 1962 to 2002 (Hooper, 2012). Tsujimoto attributes the 20% Japanese obesity rating related to â€Å"Lifestyle factors have become Westernized. Especially, food has become Westernized – and mainly high-calorie and high fat† (Hooper, 2012). McDonald’s now has over 3,300 restaurants in Japan, which is the largest number of stores outside of the United States (Chang, 2011). In addition to obesity and food preparation practices, the introduction of fast food in Japan has also caused a large increase in the consumption of red meat. The older and younger generations in Japan responded differently to the influence of fast food. The older generations continue to eat at home more often, however, the younger generations continue to eat out more and they have shown an increase in health issues, such as diabetes and metabolic syndrome (Hooper, 2012). While some professionals continue to blame the direct influence of Westernization for these unintentional health concerns, globalization is unavoidable and can impact a culture both positively and negatively. Japan has positively benefitted from globalization in ways of technological advances and automobiles but perhaps was negatively affected by the phenomenon of fast food. Globalization is controversial. According to The Levine Institute (2013), â€Å"Proponents of globalization argue that it allows poor countries and their citizens to develop economically and raise their standards of living.† Globalization in India greatly helped the economy but perhaps hurt the values of the cultural. However, opponents of globalization argue â€Å"that the creation of an unfettered international free market has benefited multinational corporations in the Western world at the expense of local enterprises, local cultures, and common people† (The Levine Institute, 2013). Globalization is affected by many variables such as age, family, religion, and technology. Whether it is intentional or unintentional, direct or indirect, planned or not planned, finding the right balance to provide positive effects is difficult. References Chang, S. (2011). McDonald’s in Japan. Retrieved from http://apanews.si.edu/2011/09/20/mcdonalds-in-japan/ Gordon, M. (2005). Obento. Retrieved from http://www.pbs.org/opb/meaningoffood/food_and_family/obento/ Hooper, R. (2012). Obesity on the rise as Japanese eat more Western-style food. Retrieved from http://www.japantimes.co.jp/news/2012/03/11/national/obesity-on-the-rise-as-japanese-eat-more-western-style-food/#.UmFqEvlJN1I The Levin Institute. (2013). What is globalization? Retrieved from http://www.globalization101.org/what-is-globalization

The Irony of William Shakespeares Othello Essay -- William Shakespear

The Irony of William Shakespeare's Othello Irony plays a great role in ?The Tragedy of Othello?. The villain, Iago, plans from the very beginning of the play to ruin Othello?s life. All the major characters in the play believe that Iago is an honest and trustworthy person. The tragic irony is that Iago fools them all. Throughout the whole play Iago manipulates the people around him and lies to them. Iago is very distressed, because Michael Cassio was promoted to Othello?s lieutenant instead of himself. This is Iago?s main reason for revenge against Othello. Iago?s plan is to manipulate Cassio and Desdemona, so that it would appear that they are having an affair; which would break Othello?s heart. Iago does succeed in his plan, because, ironically, everyone in the play believes all his actions and advisements are just, true, and from the heart. Irony, thus, plays a role in the deception of Othello by Iago and in the tragedy of Othello?s response. The irony of the play is demonstrated through situational, verbal, and dramatic i rony. There are many cases of these three types of irony in the play. When situational, verbal, and dramatic irony are used in conjunction; the effect is one of great tragedy and loss. Situational irony is when ?the result of an action is the reverse of what the actor expected?(Literary Terms, e-text). There are several cases of situational irony in ?The Tragedy of Othello.? The first case is in Act I Scene III. Brabantio warns Othello of Desdemona?s deceptiveness. Othello says to this, ?my life upon her faith?(1. 3. 293). This statement means that Othello believes in Desdemona?s honesty and loyalty so much that he would give up his life if she were untrue. This is ironic, because later on in the play... ...nation of situational, verbal, and dramatic irony is very useful in creating an overall feeling of loss and catastrophe in the play. The role of irony in the play is to create the loss of a great potential in the play. The audience can see that because of Othello?s tragic trust in Iago, miscommunication occurs and disaster follows. The characters, Othello, Desdemona, Cassio, Emilia, and Roderigo are all intimately close to Iago, and are all manipulated by him. Because of Iago?s reputation of being trustworthy and honest, the characters believe in him without doubt, and that brings about the destruction of Othello and on a greater level; the disintegration of social order. Bibliography: Shakespeare, William. ?The Tragedy of Othello, the Moor of Venice?. The Riverside Anthology of Literature. Boston: Houghton Mifflin Company, 1997, 1102-1195.

Equity Research Report Hul

EQUITY RESEARCH REPORT (HUL) FMCG SECTOR INDIA OUTLOOK The burgeoning middle class Indian population, as well as the rural sector, present a huge potential for this sector. The FMCG sector in India is at present, the fourth largest sector with a total market size in excess of USD 13 billion as of 2012. This sector is expected to grow to a USD 33 billion industry by 2015 and to a whooping USD 100 billion by the year 2025. This sector is characterized by strong MNC presence and a well established distribution network. In India the easy availability of raw materials as well as cheap labour makes it an ideal destination for this sector.There is also intense competition between the organised and unorganised segments and the fight to keep operational costs low. CHALLENGES TO FMCG SECTOR * Increasing rate of inflation, which is likely to lead to higher cost of raw materials. * The standardization of packaging norms that is likely to be implemented by the Government by Jan 2013 is expected t o increase cost of beverages, cereals, edible oil, detergent, flour, salt, aerated drinks and mineral water. * Steadily rising fuel costs, leading to increased distribution costs. The present slow-down in the economy may lower demand of FMCG products, particularly in the premium sector, leading to reduced volumes. * The declining value of rupee against other currencies may reduce margins of many companies, as Marico, Godrej Consumer Products, Colgate, Dabur, etc who import raw materials. HIGH GROWTH DRIVING FACTOR * Increasing rate of urbanization, expected to see major growth in coming years. * Rise in disposable incomes, resulting in premium brands having faster growth and deeper penetration. * Innovative and stronger channels of distribution to the rural segment, leading to deeper penetration into this segment. Increase in rural non-agricultural income and benefits from government welfare programmes. * Investment in stock markets of FMCG companies, which are expected to grow cons tantly. This sector will continue to see growth as it depends on an ever-increasing internal market for consumption, and demand for these goods remains more or less constant, irrespective of recession or inflation. Hence this sector will grow, though it may not be a smooth growth path, due to the present world-wide economic slowdown, rising inflation and fall of the rupee.This sector will see good growth in the long run and hiring will continue to remain robust DEMAND FOR FMCG SECTOR Confidence of consumer product makers is waning as a delayed  monsoon  and lingering weakness in the economy threaten to subdue revenue growth for the sector in the next two quarters. Several marketers, including Dabur, Marico,  Godrej Consumer Products Ltd  (GCPL),  ITC  and  Emami, fear pressure on premium products and rural demand – two important growth drivers – in the coming months as sustained high  inflation  and a hold-up in monsoon could prompt buyers to tighten purse strings. While the high-end, super-premium segment does not get impacted by inflation, demand in the mass premium segment could contract if overall economic sentiment does not improve,† said Sunil Duggal, CEO ofDabur India, the maker of Real juices and Vatika shampoo. ABOUT HUL HUL is the market leader in Indian consumer products with presence in over 20 consumer categories such as soaps, tea, detergents and shampoos amongst others with over 700 million Indian consumers using its products. Seventeen of HUL’s brands featured in the  ACNielsen  Brand Equity list of 100 Most Trusted Brands Annual Survey (2011).The company also happens to have the highest number of brands in this list, with six brands featuring in the top 15 list. The company has a distribution channel of 6. 3 million outlets and owns 35 major Indian brands. Its brands include LABOR COST IN INDIA IS THE LOWEST AMONG THE EMERGING ASIAN COUNTRIES HUL RATIOS RATIO| 2012| 2011| 2010| 2009| 2008| Curre nt Ratio| 0. 8954| 0. 9000| 0. 81268| 0. 9834| 0. 65823| Quick Ratio| 0. 4978| 0. 4711| 0. 48604| 0. 5436| 0. 27253| Cash Flow Liquidity ratio| 0. 6038| 0. 5519| 0. 80573| 0. 6679| 0. 38392| Average Collection Period| 13. 343| 17. 560| 14. 0918| 10. 01| 12. 2710| Days Inventory Held| 48. 957| 59. 526| 53. 1215| 51. 365| 60. 4530| Days Payable Outstanding| 73. 481| 81. 979| 104. 886| 66. 724| 87. 8556| Account Receivable turnover| 27. 355| 20. 785| 25. 9014| 36. 494| 29. 7448| Accounts Payable Turnover| 3. 6017| 3. 0947| 2. 43856| 3. 9712| 3. 01573| Inventory Turnover| 5. 4059| 4. 2619| 4. 81485| 5. 1589| 4. 38272| Fixed assets turnover| 10. 36| 9. 01| 8. 01| 12. 34| 8. 87| Total Assets Turnover| 4. 9807| 5. 4970| 6. 59332| 7. 9313| 8. 55871| Debt Ratio| 0| 0| 0. 00402| 0. 1683| 0. 06321| LONG TERM DEBT TO CAPITAL EMPLOYED| 0| 0| 0. 00402| 0. 683| 0. 06321| gross profit ratio| 16. 449| 40. 107| 41. 4842| 49. 423| 51. 688| Operating Profit Ratio| 16. 456| 15. 911| 16. 8758| 15. 909| 1 8. 0540| Net Profit Ratio| 11. 947| 11. 520| 12. 2033| 12. 268| 13. 8754| Return on Investments| 59. 509| 63. 326| 80. 4618| 97. 307| 118. 755| Return on Equity| 76. 068| 84. 339| 81. 1040| 117. 42| 127. 232| Cash Return on Assets| 0. 4351| 0. 5281| 1. 29341| 0. 7963| 1. 07195| Price to Earning| 18. 569| 26. 227| 30. 0113| 37. 728| 56. 8245| Peer comparison s. no. | Name | Market capitalisation| Sales turnover| Net profit | Total assets| 1| GODREJ| 22933. 3| 2980. 08| 604. 39| 2761. 43| 2| DABUR| 22448. 83| 3759. 33| 463. 24| 1576. 54| 3| MARICO| 13361. 56| 2970. 30| 336. 58| 1677. 27| 4| EMAMI| 9101. 40| 1389. 82| 256. 81| 804. 23| 5| P&G| 8103. 50| 1297. 41| 181. 29| 600. 62| 6| GILLETTE| 7130. 13| 1232. 90| 75. 73| 600. 33| 7| JYOTHY LABS| 2860. 82| 662. 97| 83. 52| 1226. 42| 8| BAJAJ CORP. | 2926. 40| 473. 31| 120. 09| 427. 86| 9| HUL| 118139| 22116. 37| 2691. 40| 3512. 93| BALANCE SHEET OF HUL| ——————- in Rs. Cr. —— Ã¢â‚¬â€Ã¢â‚¬â€Ã¢â‚¬â€-| | Mar '12| Mar '11| Mar '10| Mar '09| Dec '07| | | 12 mths| 12 mths| 12 mths| 15 mths| 12 mths| | | | | | |Sources Of Funds| | | | | | | | | | Total Share Capital| 216. 15| 215. 95| 218. 17| 217. 99| | | | | | | Equity Share Capital| 216. 15| 215. 95| 218. 17| 217. 99| 217. 75| | | | | | Share Application Money| 0. 00| 0. 00| 0. 00| 0. 00| 0. 00| | | | | | Preference Share Capital| 0. 00| 0. 00| 0. 00| 0. 00| | | | | | | Reserves| 3,296. 11| 2,417. 30| 2,364. 68| 1,842. 85| 217. 75| | | | | | Revaluation Reserves| 0. 67| 0. 67| 0. 67| 0. 67| 0. 67| | | | | | Networth| 3,512. 93| 2,633. 92| 2,583. 52| 2,061. 51| 1,439. 24| | | | | | Secured Loans| 0. 00| 0. 00| 0. 00| 144. 65| 25. 2| | | | | | Unsecured Loans| 0. 00| 0. 00| 0. 00| 277. 30| 63. 01| | | | | | Total Debt| 0. 00| 0. 00| 0. 00| 421. 95| 88. 53| | | | | | Total Liabilities| 3,512. 93| 2,633. 92| 2,583. 52| 2,483. 46| 1,527. 77| | | | | | | Mar '12| Mar '11| Mar '10| Mar '09| Dec '07| | | | | | | | 12 mths| 12 mths| 12 mths| 15 mths| 12 mths| | | | | | | Application Of Funds| | | | | | | | | | Gross Block| 3,574. 67| 3,759. 62| 3,581. 96| 2,881. 73| 2,669. 08| | | | | | Less: Accum. Depreciation| 1,416. 88| 1,590. 46| 1,419. 85| 1,274. 95| 1,146. 57| | | | | | Net Block| 2,157. 79| 2,169. 16| 2,162. 11| 1,606. 8| 1,522. 51| | | | | | Capital Work in Progress| 210. 89| 299. 08| 273. 96| 472. 07| 185. 64| | | | | | Investments| 2,438. 21| 1,260. 68| 1,264. 08| 332. 62| 1,440. 81| | | | | | Inventories| 2,516. 65| 2,811. 26| 2,179. 93| 2,528. 86| 1,953. 60| | | | | | Sundry Debtors| 678. 99| 943. 20| 678. 44| 536. 89| 443. 37| | | | | | Cash and Bank Balance| 510. 05| 281. 91| 231. 37| 190. 59| 200. 11| | | | | | Total Current Assets| 3,705. 69| 4,036. 37| 3,089. 74| 3,256. 34| 2,597. 08| | | | | | Loans and Advances| 1,314. 72| 1,099. 72| 1,068. 31| 1,196. 95| 1,083. 28| | | | | | Fixed Deposits| 1,319. 9| 1,358. 10| 1,660. 84| 1,586. 76| 0. 75| | | | | | Total CA, Loans & Ad vances| 6,340. 40| 6,494. 19| 5,818. 89| 6,040. 05| 3,681. 11| | | | | | Deffered Credit| 0. 00| 0. 00| 0. 00| 0. 00| 0. 00| | | | | | Current Liabilities| 5,688. 44| 6,264. 21| 5,493. 97| 4,440. 08| 4,028. 41| | | | | | Provisions| 1,945. 92| 1,324. 98| 1,441. 55| 1,527. 98| 1,273. 90| | | | | | Total CL & Provisions| 7,634. 36| 7,589. 19| 6,935. 52| 5,968. 06| 5,302. 31| | | | | | Net Current Assets| -1,293. 96| -1,095. 00| -1,116. 63| 71. 99| -1,621. 20| | | | | | Miscellaneous Expenses| 0. 00| 0. 00| 0. 00| 0. 0| 0. 00| | | | | | Total Assets| 3,512. 93| 2,633. 92| 2,583. 52| 2,483. 46| 1,527. 76| | | | | | CAPITAL ASSET PRICING METHOD 1. REQUIRED RATE OF RETURN = Risk free return +? (Risk premium) Ri = Rf + ? (Rm – Rf) = 8. 1 +0. 27 (6. 5) Ri = 9. 855% 2. ZERO GROWTH MODEL Where, dividend = Rs. 7. 5 Po = d/r = 7. 5/9. 855% Po = 76. 10 3. CONSTANT GROWTH MODEL (GORDON MODEL) PO = DO(1+g) r-g d1 r-g Where , growth rate = historical growth of average dividend paid of last 5 years g = 6. 75% = 7. 5(1+6. 75%) (9. 855-6. 75)% PO = 258. 266 4. Implicit growth P0 = d1 R – g Where, po = 534. 25, d1=8. 006 , r= 9. 855% P0 = d1 R – g 534. 25= 8. 006/ (0. 098-g) G= 0. 083 or 8. 3% Cash flow model Ri = 9. 855% Calculation of growth rate of cash flows =(1. 69*1. 51*. 54)1/3 -1 = . 1128 =11. 28% Assuming the abnormal growth of (11. 8%) is for 2 years, and after this the company is back to normal growth trajectory of 6% growth rate Cash flow from operation = 2884. 24 crore Vc = 2884. 24(1+. 1128)/(1+. 09) + 2884. 24(1+. 1128)2/(1+. 09)2 + 2884. 24(1+. 1128)2(1+. 06) (9. 855-6)% (1. 09)2 Vc = 88605 Vp = 0 Vd = 1000 Therefore, Ve = Vc – Vp – Vd = 88605-1000 = 85605 crore Total no. of shares outstanding = 216. 15 crore Po = Ve Total no. of shares outstanding = 85605/216. 15 Po = 396. 04 MULTIPLE MODEL p/e of company=32. 95 p/e of industry = 44. 0 price of company’s share = 534. 25 earnings for the company’s stock = price o f co. stock p/e of the co. =534. 25/32. 95 Earnings for the company’s stock = 16. 21 Po = Earning’s of company*P/E of industry =16. 21*44. 50 Po = 721. 345 Analysis: The current market price of the stock is Rs.. 534. 25 , as per the valuation of stock under distinct method , it is assessed that the stock is overvalued therefore new buyers should not invest at this point, whereas, those who are invested in share are advised to sell the share and enjoy the profits Performance of stock in last 1 year

Quiz

Z QUIZ TOPIC: General knowledge 1. Which part of the Constitution of India starts with –â€Å"WE THE PEOPLE OF INDIA†? (a) Directive principals (b) Fundamental Duties (c) Preamble (d) Fundamental rights 2. Which pieces are maximum in number at the start of a chess game? (a) Rook (b) Knight (c) Pawn (d) Bishop 3. What kind of animal is Shera, the mascot of the 2010 Delhi Commonwealth Games? (a) Bear (b) Leopard (c) Lion (d) Tiger 4. Which of these films has the tag line ‘Every Child is Special’? (a) Tare Zameen Par (b) Paa (c) Koi Mil Gaya (d) Paathshaala 5.Which temple is believed to have been first built in gold, then silver, then wood and finally stone? (a) Somnath (b) Kashi Vishwanath (c) Mahakaali temple (d) None of this 6. Who among these never became a President of Pakisthan? (a) Iskander Mirza (b) Asif Ali Sardaari (c) Zulfikar Ali Bhutto (d) Mohammed Ali Zinnah 7. What yajna did Yudhishthira perform after the battle of Kurukshetra to free himself of his sins? (a) Ashwameda (b) Agnistoma (c) Vajpeya (d) Sarpameda 8. The plant bearing which of these fruits is a vine? (a) Mango (b) Apple (c) Watermelon (d) Banana 9.Which lyricist won an Oscar for the song ‘Jai Ho’? a) Prasoon Joshi b) Piyush Pandey c) Pankaj Panchoury d) Gulzaar 10. Who is the father of hydrogen bomb? a) Alexander G. Bell b) Edward teller c) Jonathan swift d) None of the above 11. What is the colour of octopus blood? a) Red b) Blue c) White d) Green 12. What is ‘T’ in an ATM, with respect to banking? (a) Transaction (b) Teleporting (c) Teller (d) Telebanking 13. Who wrote the book ‘Laughing Gas’? (a) Dan Brown (b) Aditi de (c) Jonathan swift (d) P. G. Wodehouse 14. H1N1, H1N2, H3N1 are all types of what? (a) Virus strains (b) Visa forms c) Vest sizes (d) Video games 15. In which country will the 2014 FIFA WORLD CUP to be held? (a) Mexico (b) Portugal (c) Argentina (d) Brazil 16. Which mountain was formerly known as Peak 15? (a) Mount Everest (b) K2 (c) Kanchenjunga (d) Mount Rushmore 17. Who told this-â€Å"No Great work can be done without Sacrifice†? (a) Gandhi (b) Swami Vivekananda (c) Ramakrishna Paramahamsa (d) Tagore 18. Who was the tenth guru of Sikhs? (a) Guru Bhagavath Singh (b) Guru Govind Singh (c) Guru Gopbind Singh (d) None of these 19. In which of these states have father and son not been Chief Minister? (a) Bihar b) Karnataka (c) Orissa (d) Haryana 20. What is the middle name of Sachin Tendulkar? (a) Ravi (b) Ramesh (c) Rajesh (d) Ramakant ANSWERS 1. (c) Preamble 2. (c) Pawn 3. (d) Tiger 4. (a) Tare Zameen Par 5. (a) Somnath 6. (c) Zulfikar Ali Bhutto 7. (a) Ashwameda 8. (c) Watermelon 9. (d) Gulzaar 10. (b) Edward Teller 11. (b) Blue 12. (c) Teller 13. (d) P. G. Wodehouse 14. (a) virus strains 15. (d) Brazil 16. (a) Mount Everest 17. (b) Swami Vivekananda 18. (c) Guru Gopbind Singh 19. (a) Bihar 20. (b) Ramesh -BY: AISWARYA. M ——————†”————————————————– Quiz The most critical quality of ethical decision making Is objectivity economics expeditions consistency Correct 2 A major consequence of the Carbines-Solely Act of 2002 has been the o political fallout in congress super growth In accounting firms In the U. S. Reorganizing of the governance structure of American corporations o outsourcing of jobs in lower wage countries 3 Judging the appropriateness of a particular action based on a goal to provide the greatest good for the greatest number of people Is what ethics approach? O Social justice approach Moral rights approachBusiness ethics approach utilitarian approach 4 The idea that businesses have a duty to serve society as well as the financial interest of stockholders is called o corporate audit going green corporate services corporate social responsibility Of the three levels of strategy that are part of an organizations decision-making hierarchy, which level develops annual objectives and short-term strategies in such areas as produc tion, operations, and research and development, finance and accounting, marketing, and human relations? O Functional Business ManagementCorporate 6 Which level of strategy uses a portfolio approach? Operational 7 This statement of a company's philosophy usually appears within the mission statement and specifies basic beliefs of a firm. O Company sponsor Company slogan Company commercial Company creed 8 Which law revised and strengthened auditing and account standards? O National Environmental Policy Act of 1969 Carbines-Solely Act of 2002 Federal Fair Trade Act of 1986 Truth in Lending Act of 1968 For the past 28 years, BBC, Inc. Has made a significant investment of time, money, and there resources to increase the literacy rate in adult Americans.This represents which of these principles of successful collaborative social initiatives? O Leverage core capabilities. Identify a long-term durable mission. Weigh government influence. Assemble and value the total package of benefits. Inco rrect 10 This statement presents the firm's strategic intent that focuses the energies and resources of the company on achieving a desirable future. O Values statement Company statement Vision statement Mission statement 11 Which of the following strategic decision makers implement the overall strategy? Corporate managers Functional managers Business managers Board of directors 12 The behavioral consequences of strategic management are similar to those of o authoritative decision making participative decision making autocratic decision making centralized decision making. Quiz The most critical quality of ethical decision making Is objectivity economics expeditions consistency Correct 2 A major consequence of the Carbines-Solely Act of 2002 has been the o political fallout in congress super growth In accounting firms In the U. S. Reorganizing of the governance structure of American corporations o outsourcing of jobs in lower wage countries 3 Judging the appropriateness of a particular action based on a goal to provide the greatest good for the greatest number of people Is what ethics approach? O Social justice approach Moral rights approachBusiness ethics approach utilitarian approach 4 The idea that businesses have a duty to serve society as well as the financial interest of stockholders is called o corporate audit going green corporate services corporate social responsibility Of the three levels of strategy that are part of an organizations decision-making hierarchy, which level develops annual objectives and short-term strategies in such areas as produc tion, operations, and research and development, finance and accounting, marketing, and human relations? O Functional Business ManagementCorporate 6 Which level of strategy uses a portfolio approach? Operational 7 This statement of a company's philosophy usually appears within the mission statement and specifies basic beliefs of a firm. O Company sponsor Company slogan Company commercial Company creed 8 Which law revised and strengthened auditing and account standards? O National Environmental Policy Act of 1969 Carbines-Solely Act of 2002 Federal Fair Trade Act of 1986 Truth in Lending Act of 1968 For the past 28 years, BBC, Inc. Has made a significant investment of time, money, and there resources to increase the literacy rate in adult Americans.This represents which of these principles of successful collaborative social initiatives? O Leverage core capabilities. Identify a long-term durable mission. Weigh government influence. Assemble and value the total package of benefits. Inco rrect 10 This statement presents the firm's strategic intent that focuses the energies and resources of the company on achieving a desirable future. O Values statement Company statement Vision statement Mission statement 11 Which of the following strategic decision makers implement the overall strategy? Corporate managers Functional managers Business managers Board of directors 12 The behavioral consequences of strategic management are similar to those of o authoritative decision making participative decision making autocratic decision making centralized decision making.