Thursday, January 23, 2020

Never To Feel His Love Again :: Personal Narrative Essay Example

Never To Feel His Love Again "Early this morning tragedy struck West High School" Principal Simmons' somber voice echoed over the intercom just after the first period tardy bell on Tuesday, January 7, 1997. The grave tone of his voice immediately got my attention as I sat in Spanish class, and I listened for an explanation, expecting to hear that my World History teacher, who was struggling with cancer, had died. Mr. Simmons continued, "Mr. David Butler was killed in a house fire early this morning." Mr. Simmons still spoke, but I was oblivious to everything except the name "Mr. Butler." In total shock I sat motionless with my mind racing. Suddenly and uncontrollably the tears came. I could not speak. I could not feel. This man changed my life; he gave me a true love of learning. He was my friend, and I never even got a chance to tell him. I walked into Mr. Butler's class at Piedmont Open Middle School for the first time as a timid eighth grader eager to learn geometry, yet a little wary of the entire class of ninth graders I was joining. From day one, Mr. Butler demonstrated a love of math and an even deeper love of his students. Granted, Mr. Butler was hard on the students giving loads of homework and almost impossible tests, but he was also a friend who joked with us in class and cared about our lives. Respect was a must in his class, and those who crossed Mr. Butler found themselves on the floor listening as he counted out ten push-ups. He wasn't just a math teacher; he was a role model, a father-figure. Due to his passion for teaching and great love of his students, Mr. Butler decided to take a course over the summer so he could teach ten students, including myself, Algebra II Trig in the ninth grade. During this year our friendship blossomed and my true love of math began. All year long we fought over Duke and Carolina, and since I was such a "psycho-fan" he was the first to tease me those few times that UNC lost at football or basketball. I loved Mr. Butler; I loved his class, and from then on math was my favorite subject and my main focus in school. Mr. Butler instilled this love for math as his own love of the subject sparked mine.

Wednesday, January 15, 2020

Course: Contract and Liquid Chemical Co.

The Cost Analysis for Decision Making project is intended to be a comprehensive evaluation of the key objectives covered throughout this course. It will challenge you to apply your knowledge of cost information when evaluating the decision to make or buy a product. Please use this outline and grading rubric as a guide to completing your course project. It provides specific details of the required elements of the project, and it will be used by your instructor as a grading guide. Read Integrative Case 4-61, â€Å"Make versus Buy,† on pages 151 and 152 of the course text.Assume that you are the general manager (Mr. Walsh) faced with this decision. You have identified the following four alternatives available to Liquid Chemical Co. †¢Alternative A: It is the status quo. (i. e. , Liquid Chemical Co. will continue making the containers and performing maintenance. ) †¢Alternative B: Liquid Chemical Co. will continue making the containers, but it will outsource the maintena nce to Packages, Inc. †¢Alternative C: Liquid Chemical Co. will buy containers from Packages, Inc. , but it will perform the maintenance. Alternative D: It is completely outsourced. Packages, Inc. will make the containers and provide the necessary maintenance. Your project should include the following items: †¢Part (a): Discuss each of the four alternatives outlined above. Identify the relevant costs (including amounts) for each of the four alternatives, and explain why these costs are relevant to the decision. Identify any costs that are not relevant, and explain why they are not relevant. What are the advantages and disadvantages of each alternative? Who benefits and who loses? Part (b): Other than the relevant costs identified in Part (a), what additional information would you use when making your decision? Are there financial factors other than those identified in the case study that you would incorporate into your decision? What nonfinancial information would affect y our decision? †¢Part (c): As the general manager, which alternative would you choose, and why? Support your conclusion with facts and figures, as necessary. The Liquid Chemical Company manufactures and sells a range of high-grade products. Many of these products require careful packaging.The company has a special patented lining made that it uses in specially designed packing containers. The lining uses a special material known as GHL. The firm operates a department that maintains and repairs its packing containers to keep them in good condition and that builds new ones to replace units that are damaged beyond repair. Mr. Walsh, the general manager, has for some time suspected that the firm might save money and get equally good service by buying its containers from an outside source. After careful inquiries, he has approached a firm specializing in container production, Packages, Inc. and asked for a quotation. At the same time, he asked Mr. Dyer, his chief accountant, to let h im have an up-to-date statement of the costs of operating the container department. Within a few days, the quotation from Packages, Inc. , arrived. The firm proposed to supply all the new containers required—at that time, running at the rate of 3,000 per year—for $1,250,000 a year, the contract to run for a guaranteed term of five years and thereafter renewable from year to year. If the number of containers required increased, the contract price would increase proportionally.Packages, Inc. , also proposed to perform all maintenance and repair work on existing packaging containers for a sum of $375,000 a year, on the same contract terms. Mr. Walsh compared these figures with Mr. Dyer’s cost figures, which covered a year’s operations of the container department of the Liquid Chemical Company and appear in Exhibit 4. 13. Walsh concluded that he should immediately close the packing container department and sign the contracts offered by Packages, Inc. He felt an obligation, however, to give the manager of the department, Mr.Duffy, an opportunity to question his decision before acting. Walsh told Duffy that Duffy’s own position was not in jeopardy. Even if Walsh closed his department, another managerial position was becoming vacant to which Duffy could move without any loss of pay or prospects. The manager Duffy would replace also earned $80,000 per year. Moreover, Walsh knew that he was paying $85,000 per year in rent for a warehouse a couple of miles away that was used for other corporate purposes. If he closed Duffy’s department, he’d have all the warehouse space he needed without renting additional space.Duffy gave Walsh a number of considerations to think about before he closed the department: â€Å"For instance,† he said, â€Å"what will you do with the machinery? It cost $1,200,000 four years ago, but you’d be lucky if you’d get $200,000 for it now, even though it’s good for another five years. And then there’s the stock of GHL (a special chemical) we bought a year ago. That cost us $1,000,000, and at the rate we’re using it now, it’ll last another four years. We used up only about one-fifth of it last year. Dyer’s figure of $700,000 for materials includes $200,000 for GHL.But it’ll be tricky stuff to handle if we don’t use it up. We bought it for $5,000 a ton, and you couldn’t buy it today for less than $6,000. But you’d get only $4,000 a ton if you sold it, after you’d covered all the handling expenses. † Walsh also worried about the workers if he closed the department. â€Å"I don’t think we can find room for any of them elsewhere in the firm. However, I believe Packages would take all but Hines and Walters. Hines and Walters have been with us since they left school 40 years ago. I’d feel bound to give them a supplemental pension—$15,000 a year each for five years, sa y.Also, I’d figure a total severance pay of $20,000 for the other employees, paid in a lump sum at the time we sign the contract with Packages. † Duffy showed some relief at this. â€Å"But I still don’t like Dyer’s figures,† he said. â€Å"What about this $225,000 for general administrative overheads? You surely don’t expect to sack anyone in the general office if I’m closed, do you? † Walsh agreed. â€Å"Well, I think we’ve thrashed this out pretty well,† said Walsh, â€Å"but I’ve been turning over in my mind the possibility of perhaps keeping on the maintenance work ourselves. What are your views on that, Duffy? â€Å"I don’t know,† said Duffy, â€Å"but it’s worth looking into. We wouldn’t need any machinery for that, and I could hand the supervision over to the current supervisor who earns $50,000 per year. You’d need only about one-fifth of the workers, but you cou ld keep on the oldest and save the pension costs. You’d still have the $20,000 severance pay, I suppose. You wouldn’t save any space, so I suppose the rent would be the same. I don’t think the other expenses would be more than $65,000 a year. † â€Å"What about materials? † asked Walsh. â€Å"We use 10 percent of the total on maintenance,† Duffy replied. Well, I’ve told Packages that I’d give them my decision within a week,† said Walsh. â€Å"I’ll let you know what I decide to do before I write to them. † Assume the company has a cost of capital of 10 percent per year and uses an income tax rate of 40 percent for decisions such as these. Liquid Chemical would pay taxes on any gain or loss on the sale of machinery or the GHL at 40 percent. (Depreciation for book and tax purposes is straight-line over eight years. ) The tax basis of the machinery is $600,000. Also assume the company had a five-year time horizon for this project and that any GHL needed for Year 5 would be purchased during Year 5.

Tuesday, January 7, 2020

Outliers, By Malcolm Gladwell - 1245 Words

Is it coincidental that Bill Gates, Steve Jobs, Bill Joy and many other multi-millionaires were all born within a span of 3 years? Malcolm Gladwell, the author of Outliers, suspects that there is something more behind this occurrence than just a simple coincidence. He asserts that there is no such thing as a self-made man and success does not come from natural talent, rather it comes from extraordinary opportunities and hidden advantages. In Outliers, Gladwell attempts to debunk the myth that people are successful because of themselves, and not because of other factors. Even Malcolm Gladwell acknowledges that passion and hard work are required to succeed. However, he believes that this passion and time to put in the work would not be possible without the aid of extraordinary opportunities. Gladwell prepares a firm set of logical arguments, including the advantages of birth dates, cultural legacy and family backgrounds, to guarantee that his audience will be convinced of his convictio n. Malcolm Gladwell introduces his readers to his story by discussing an advantage several hockey players possess that cannot be controlled by the individual. In a roster that was provided with birth months, Barnsley, a Canadian psychologist, identified that, â€Å"in any elite group of hockey players—the very best of the best—40 percent of the players will have been born between January and March† (qtd. in Gladwell 22), and the percentages decreased as the months reached the end of the year. WhatShow MoreRelatedOutliers, By Malcolm Gladwell1431 Words   |  6 PagesOutliers, written by Malcolm Gladwell, examines the wonder of high achievement, and success frequently attributed to the hard work, determination, and specific talent in individuals. 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In factRead MoreThe Outliers By Malcolm Gladwell866 Words   |  4 Pagesis a person who is very knowledgeable about or skillful in a particular area. But with this simple description of an ‘expert’, what does it truly mean? Malcolm Gladwell, a famous writer and speaker, with 10, 000 hours one could succeed to become an expert in a certain area. Gladwell explains his theory of 10, 000 hours in his book, â€Å"The Outliers,† with various examples of not only talented but also respected figures such as an European Violinist, Bill Gates, and even the Beatles. In the book, theseRead MoreOutliers, By Malcolm Gladwell1739 Words   |  7 Pagesfail. In Malcolm Gladwell’s book, Outliers, the reasons for these unusual happenings are explained as he argues that many of the factors ignored by most people actually matter. Throughout the book, Malcolm Gladwell insisted that overlooked factors such as heritage, birthdate, culture, and time period are important in understanding the outliers in society. 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With many theories out there on success, it is hard to figure out what is needed to be done to gain success. In everyone’s lives th ere are many different beliefs out there that can lead to it. In the book â€Å"Outliers† by Malcolm Gladwell, there are numerous theories that are covered with examples of successful people. They clearly show how success can be done in not just one way but in many others. The most known people that are considered to be successful are billionairesRead MoreOutliers, By Malcolm Gladwell1541 Words   |  7 PagesEarning large quantities of money seems achievable, it acts as clear-cut goal that people can point to and shout, â€Å"Hey, that’s success!†. Furthermore, personal success does not offer this luxury, and thus evades people to its true meaning. Malcolm Gladwell’s novel, Outliers, demonstrates this principle perfectly. This novel tells the story of â€Å"successful† people; however, according to the definition being explored here, it only examines one aspect of success: societal. This book never mentions the man who