Financial Assignment Research Paper Example | Topics and Well Written Essays - 1000 words

Financial Assignment - Research Paper Example The pay back period for project 1 is 2 years and 2 months while the payback period for project 2 is 3 years and 8 months. Judging from the payback period, project 1 is more favorable as there is less risk involved when compared with the risks of project 2. The initial outlay is recovered earlier by project 1. Moreover, the ARR also favors Project 1, therefore the expected profitability of the project is higher than the profitability of project 2. TASK 2: UNDISCOUNTED CASH FLOW - PAY BACK PERIOD YEARS PROJECT 1 CASH INFLOW/ OUTFLOW BALANCE PROJECT 2 CASH INFLOW/ OUTFLOW BALANCE 0 (90,000) (90000) (90000) (90000) 1 20000 (70000) 10000 (80000) 2 80000 10000 40000 (40000) 3 45000 55000 40000 0 4 40000 40000 5 20000 20000 The payback period for Project 1 is 1 year and 11 months. [Working: 70000 80000 12 months]. The payback period for Project 2 is 2 years. If the time value of money is ignored, Project 1 is again more profitable as it involves less risk as compared to the undertaken of Project 2 which has a higher payback period. TASK 3: ADVANTAGES AND DISADVANTAGES: DISCOUNTED CASH FLOW: The method takes into the account the time value of money. It produces more meaningful results than the payback period. It is more complicated than ARR and Payback and requires a number of calculations if solved manually. PAYBACK: It is simple to calculate. Calculation of net cash flows is more objective than calculation of profitability. It indicates the project with the least risk. It ignores the life expectancy of a project. Two projects may have a similar payback period even though the pattern of cash inflows may be different. It ignores the time value of money. ACCOUNTING RATE OF RETURN It is easy to calculate. It can be used to compare the expected profitability of a project with the present profitability of the business. It is based on average annual profit which may not be similar for each year. The timing of cash flows is ignored. It also ignores the time value of money. There is no commonly accepted method of calculating capital employed. It takes no account of the duration of the project. References: Discounted cash flow. (2007). Retrieved August 17, 2007, from Investopedia Web site: http://www.investopedia.com/terms/d/dcf.asp Payback Period. (2007). Retrieved August 17, 2007, from 12 manage: http://www.12manage.com/methods_payback_period.html Randall, H. (1996). Capital Expenditure Appraisal.

Thinking about cover, then and now Assignment Example | Topics and Well Written Essays - 1000 words

Thinking about cover, then and now - Assignment Example Conflicts between Coulton and Glee based on baaed on the arrangement of ‘Baby Got Back’. Both Glee and Coulton were not original song writer but it was a cover of a cover as Glee covering Jonathan Coulton covering Sir Mixalot. Sir Mixalot’s arrangement are different from Coulton covering and uniquely Colton’s. When Glee covered the song, it became obvious to Coulton and supported the origin of the arrangement as it was quite similar as Glee covering incorporated Colton’s line Johnny C’s in trouble’ while in Mixalot’s original song had, ‘Mix-A-Lot‘s in trouble and line was dropped by FOX in Glee performance. As the cover song was aired and sold in iTunes, it dealt Coulton a blow finically as Glee was given unethical and uncredited exposure by FOX as TV shows had stolen from Coulton. It is quite evident that legally Glee was right but ethically wrong by ripping from where he had not sowed. Even though, the work was not Coulton, he had to be credited when Glee took his arrangement based on ‘Baby Got Back† as he interpreted and created the song. Glee ought to have paid royalties as he earned from covering which would not be possible without the work of other artist. Another unethical covering is taking place in YouTube with over 40000 people having covered ‘Rolling in the Deep’, 6000 covering, ‘Somebody That I Used to Know and 11000 covering, ‘Pumped Up Kicks’ driven by non-commercial benefits being done out of love by fans of original songs hence no negative on market value of original but is a creativity criminalized as it done without synchronization license. Other examples of cover are those bought from Tom Waist’s Orphan Collection including such covers exposing his lounge as a singer from a different planet. ‘Sea of Love’ from Robert Plant’s Honey-drippers being covered by over billion people with Waist’s weird take but interesting. Alabama 3 album has also covered ‘Hotel