Monday, January 27, 2020
Water Quality Study of the Semenyih River
Water Quality Study of the Semenyih River Semenyih River is chosen as a sampling site in this study also this river is of particular importance in the study of surface water pollution because effluents from industries, mining, municipal sewage, agricultural and urban run-off are discharged into it bringing about considerable change in the water quality. In addition that, Semenyih River is one of the most important rivers in Selangor because of its importance as resource of water, fishing, and for recreation. B Present Status of the Subject Water is an essential requirement of human and industrial developments and it is one the most delicate part of the environment (Das and Acharya, 2003). In the last few decades, there has been a tremendous increase in the demand for freshwater due to rapid growth of population and the accelerated pace of industrialization (Ramakrishnaiah et al. 2009). Assessment of the quantity and quality of water resources is important in hydro environment. The physical and biological properties of water resources are driven by numerous environmental variables such as climate , water waste effluent (Creek 1999).Water quality indices are intended to provide a simple and understandable tool for managers and decision makers on the quality and possible uses of a given water body. Basically, a (INWQS) attempts to provide a mechanism for presenting a cumulatively derived, numerical expression defining a certain level of water quality (Miller et al.1986). The water quality trends clearly show that the majo rity of water quality parameters were high during wet season compared to dry season(Muhd.Barzani et al. 2008). Anthropogenic activities result in significantly decrease of surface water quality of aquatic systems in watersheds (May et al. 2006). Rivers in a watershed play a major role in assimilating or carrying off municipal and industrial wastewater and runoff from agricultural land. River inflows contribute main pollutants to most rivers in a watershed, thereby tending to induce serious ecological and sanitary problems. On the other hand, rivers constitute the main water resources for domestic, industrial, and irrigation purposes in a watershed. Thus it is imperative to prevent and control river pollution and to have reliable information on the quality of water for effective management. Generally, water-related environmental quality is in bad condition due to a great deal of waste, excessive reclamation, over-fishing, and frequent petroleum spills (Chen et al. 2003). The water quality of rivers is characterized by a high degree of heterogeneity in space and time, due to the variety of land cover around them. This often makes it difficult to identify water conditions and pollution sources, which is necessary for effective pollution control and water resource management (Kunwar et al. 2005). Malaysia Department of Environment (DOE) has stated that agriculture and livestock plays a main role in contributing river water pollution among other polluter. Livestock wastewater contains high concentration of organic and inorganic nitrogen compound, pathogenic bacteria and high concentration of ammonia-nitrogen. In addition, animals waste have been well documented to cause severe environmental damage in rivers which nutrient rich waste runoff will reach surface water, where it depletes oxygen and increase the algae production. Beside serious environmental problem, animal waste also may become a source of various diseases such as infectious worm larvae hatched from the worm eggs passed out with the feces; contamination encrusted with organic matter is an ideal breeding ground of harmful bacteria. (Anon 2001). In Malaysia, the riverine ecosystem is of particular interest since river water provides about 98% of the countrys water requirements (Azhar 2000). Therefore, contamination of river waters poses a serious health risk to the public. The monitoring of river water quality is under the responsibility of the Department of Environment Malaysia (DOE 1998). According to Muhamad Barzani et al (2005), Semenyih River showed increase in pollution levels due to human activities which is associated with urbanization, industrialization, agriculture and mining activities. Researchers studied the water quality in the Semenyih River Basin based on many parameters such as BOD, COD, DO, NH3-N, TSS,TDS and others, they stated that the range of deterioration in water quality in the river varied depending on the percentage of change in land-use. So the land -use activities within the basin must be carefully planned and controlled for protect the water resource and quality status. C The Strength and Significance of the Research The significance of this research is to provide some water quality data based on the degree of contamination of the Semenyih River. The strength of this research lies in its specific focus on creation water management study based on INWQS, that can be used as reference to other researchers who is interested in knowing Semenyih River and for the people to be attentive for the health situations. In addition, this research will be benefit for researchers particularly who want to know information about the river. D References Anon. 2001. Water Effluent From Pig Farms In Sabah-A Preliminary Investigation Of The Key Environmental Issue (Unpublished). State Environmental Conservation Department, Sabah. APHA. 1998. Standard methods for the examination of waterwaste 20th ed, America Public Health Association, Washington, DC. Azhar, M.G. 2000. Managing Malaysian Water Resources Development Special Bulletin on Issues of Citizens Health 2000. Corporate Development, Department of Irrigation and Drainage, Kuala Lumpur,Malaysia, pp: 40-58. Chen, Y .W., Fan, C.X., Katrin,T., et al. 2003. Changes of nutrients and phytoplankton chlorophyll-a in a large shallow lake, Taihu, China: an 8-year investigation. Hydrobiologia,506: 273-279. Creeks.1999.promoting watershed awareness, http://www.aoinstitute.org/sausal.accessed April21,1999. Das, J., Acharya, B.C. 2003. Hydrology and assessment of lotic water quality in Cuttack city, India. Water, Air, Soil Pollut., 150: 163-175. DOE Department of Environment. 1998. Malaysia Environment Quality Report 1998. Ministry of Science, Technology and Environment, Kuala Lumpur, Malaysia. Kunwar, P.S., Amrita, M., Sarita,S. 2005. Water quality assessment and apportionment of pollution sources of Gomti River(India) using multivariate statistical techniques, 538: 355-374. May, A.M., Mutasem, E., Mark, D. S., et al. 2006. Factors influencing development of management strategies for the Abou Ali River in Lebanon. Sci Total Environ, 362: 15-30. Miller,W.W.,Joung, H.M.,Mahannah,C.N.,Garrett.J.R.1986.Identification of water quality differenees in Nevada through index application. J .Environment Quality 15,265-272. Muhd.Barzani Gasim.2008.Water Quality of Several Feeder Rivers between Two Seasons in Tasik Chini ,Pahang .Sains Mal .313-321. Muhd.Barzani,. Ismail, B. S.,Wan, N. A., Muhammad,I.Y,.Marlia,M.H.2005.Water Quality assessment of the Semenyih River basin langor, Malaysia. Jurnal Biosains, 16(1)-95. Nives,S.G.1999.Water Quality Evaluation by Index in Dalmatla, Institute Split,Vukovarska46, 21000Split,Croatia. Okeke, C.O., Igboanua, A.H. 2003. Characteristics and quality assessment of surface water and groundwater recourses of Akwa Town, Southeast, Nigeria. J. Niger. Assoc. Hydrol. Geol., 14: 71-77. Ramakrishnaiah, C.R., Sadashivalah, C. 2009. Assessment of water quality index for the groundwater in Tumkur Taluk, Karnataka State. Indian J. Chem., 6: 523-530. IV RESEARCH APPROACH A Research Methodology This research will be carried out in six stages ,as follows: Stage 1: Literature Review This stage involves a literature review on the status study of water quality in Semenyih River _ level of pollution, spreading, estimation, and the reasons of contamination. Because with the continuous increase of population, the pollutant factors will become increasing. Stage 2: Recognisance survey Based on findings in Stage1, a recognisance survey will be carried out to determine the site of sample stations. The selection will take into consideration the locations that samples will collect from them in Semenyih River. Stage 3: Field work Field work will be carried out at the selected site in Stage 2. Activities will be as the following: the river will be divided into seven stations. In each station two samples will be collected. Water samples will be collected in clean bottles and the samples will be kept in iced store and will be processed at the lab, while the BOD (Biochemical oxygen demand)samples must be collected in black and dark bottles, light can not penetrate it. The following parameters are in-situ parameters that will be measured in the field work. PH. Conductivity. DO (Dissolved Oxygen). Temperature TDS(Total dissolved solids) All these parameters will be carried out in-situ and the equipment must be Calibrated before taking any measurements. Stage 4: Laboratory / Analytical work The following water quality parameters such as (BOD, NO3, NH3-N, PO4, SO4, and E.coli) would be analyzed in the laboratory .all analysis will perform in accordance with standard methods and will conduct within allowable holding times. a- BOD (Biochemical oxygen demand): BOD5 Measures the amount of oxygen used by bacteria and other microorganisms during a five -days period. Water quality samples will be stored in two black bottles .dissolved oxygen in the first bottles will measure in-situ with DO meter and the reading will be recorded as DO1. Second samples will be kept at 20Ã °C for five days , dissolved oxygen will measure again as DO5.BOD will be determined from the difference between DO1 and DO5. b- NO3 (Nitrate):Cadmium Reduction Method will use for measurement of nitrate parameter. Fifteen ml water sample will put into measuring cylinder. NitraVer 6 nitrate Reagent Powder Pillow will be added and shaken for three minutes. Then, the solution will be allowed to settle for two minutes. Then, 10 ml water samples will put into cell and added with NitriteVer 3 Nitrite Regent Powder Pillow. Sample cell will recap and shake for 30 seconds. Samples will be analyzed by spectrophotometer HACH 500 with program 351N ,Nitare LR. Ten ml of water will use sample as a blank. c- NH3-N (ammonia nitrogen):Nessler Method will be used for ammonia nitrogen measurement. Water samples (25 ml) and 25 ml deionized water will put in two cylinders and three drops of mineral stabilizer will be added into each cylinder. The cylinders will shake for one minute. Then, three drops of Polyvinyl Alcohol Dispersing Agent will add to the solution. The solution will shake and 1ml of reagent Nessler (K2HgI4) will add and shake again for one minute. All solution will be put into sample cell and analyzed by spectrophotometer HACH DR 500 which is program 380 N, Ammonia, Ness will be selected. Deionized water will use as blank (HACH 2003). d- PO4 (Phosphate): Acid Ascorbic (Phos Ve r 3) Methods will use for measurement of phosphate . Ten ml water sample will be put into cell sample and added with Phos Ver 3 Powder Pillow and shaken for two minutes. Samples will be analyzed by spectrophotometer HACH 500 with program 490 P React, PV. Water sample without treatment will use as a blank. e-SO4 (Sulphate): Sulfa Ver 4 Method will use for sulphate measurement. Ten ml water sample will be put into cell sample and added with Sulfa Ver 4 Powder Pillow and shaken for five minutes. Spectrophotometer HACH DR 500 will use for analysis the sample by program 680 Sulfate. water sample without treatment will use as a blank. . f- Faecal coliform (E. coli) : the membrane filtration technique will be used for the coliforms group, including fecal coliforms. After 24 hours of collection , water samples (10ml)will serially dilute with 90 ml phosphate saline buffer. This method consists of drawing a measured volume of water through a filter membrane fine enough to trap the bacteria, and placing of filter on a growth medium (chromocult coliform agar) in a petri dish. The 0.45Ã µm nitro-cellulose membrane will use. After filtration and placing thefilter membrane on the cultural medium. The plates will incubate for 24 hours at 37Ã °C. The number of colonies growth at the membrane will be counted and recorded as the colony forming units(CFU) Step-by-step procedures: (1) Collect the sample and make any necessary dilutions. (2) Select the appropriate nutrient or culture medium. Dispense the broth into a sterile Petri dish, evenly saturating the absorbent pad.(3)Flame the Forceps, and remove the membrane from the sterile package. (4) Place the membrane filter into the funnel assembly.(5) Flame the pouring lip of the sample container and pour the sample into the funnel.(6) Turn on the vacuum and allow the sample to draw completely through the filter.(7) Rinse funnel with sterile buffered water. Turn on vacuum and allow the liquid to draw completely through the filter.(8) Flame the forceps and remove the membrane filter from the funnel.(9) Place the membrane filter into the prepared Petri dish.(10) Incubate at the proper temperature and for the appropriate time period.(11) Count the colonies under 10 15 X magnification. (12) Confirm the colonies and report the results. Stage 5: Data compilation and interpretation Data will be compiled as follows: (a) Location of site, (b) Quantity of pollution and expansion in the river, (c) Evaluation of water quality in the river, (d) The reasons of contamination, (e) data will use a suitable statistical analysis programme to process and analyse. Stage 6: Report writing and submission It is anticipated that the project will comprise the following chapters: (a) Introduction, (b) Objectives and rationales of the study, (c) Overview, (d) Methodology and study area description, (e) analysis and discussion of results (f) Conclusion and recommendation for further work. B Research Activities The research activities covering the two-semester period of study are as follows: 1. Literature review (July 2010- October2010) A literature review on the status study of water quality at Semenyih River- level of pollution, spreading, estimation, and the reasons of contamination. Because with the continuous increase of population around the river, the pollutant factors will become increasing. 2. Recognisance survey (July 2010) Based on the literature review, a recognisance survey will be carried out to determine the site of sample stations. The selection will take into consideration the locations that samples will collect from them in Semenyih River. 3. Field work (July and November2010) Field work will be carried out at the selected after the recognisance survey. Activities include: The river will be divided into seven stations. In each station two samples will be collected. Water samples will be collected in clean bottles and the samples will be kept in iced store and will be processed at the lab, while the BOD (Biochemical oxygen demand) samples must be collected in black and dark bottles, light can not penetrate it. The following parameters will be measured in the field work.(1)PH, (2)TDS, (3) Conductivity, (4) DO (Dissolved Oxygen), (5)Temperature. 4. Laboratory / Analytical work (August2010 and December2010) This part constitutes the following activities: (a) The following water quality parameters such as (BOD, NO3, NH3-N, PO4, SO4, E.coli) would be analyzed in the laboratory .all analyses will perform in accordance with standard methods and will conduct within allowable holding times. (a) BOD (Biochemical oxygen demand): BOD5 Measures the amount of oxygen used by bacteria and other microorganisms during a five-days period, (b) NO3 (Nitrate): Cadmium Reduction Method will use for measurement of nitrate parameter, (c) NH3-N (ammonia nitrogen):Nessler Method will be used for ammonia nitrogen measurement, (d) PO4 (Phosphate): Acid Ascorbic (Phos Ve r 3) Methods will use for measurement of phosphate. (e) SO4 (Sulphate): Sulfa Ver 4 Method will use for sulphate measurement (i) Fecal coliform (E. coli) : the membrane filtration technique will be used for the coliforms group, including fecal coliforms. 5. Data compilation and interpretation (December 2010- February 2011) Data will be compiled as follows: (a) Location of site, (b) Quantity of pollution and expansion in the river, (c) Evaluation of water quality in the river, (d) The reasons of contamination, (e) data will use a suitable statistical analysis programme to process and analyse. 6. Report writing and submission (February April 2011) It is anticipated that the project will comprise the following chapters: (a) Introduction, (b) Objectives and rationales of the study, (c) Overview (d) Methodology and study area description, (e) analysis and discussion of results (f) Conclusion and recommendation for further work. C Key Milestones of the Research The progress of the research will be monitored through three key milestones, as follows: August 2010 Completion of major field work, samples are ready to be analysed. March2011 Completion of major laboratory and analytical work, data are ready for interpretation. May 2011 Submission of thesis. The research activities are shown in Appendix. D Risks of the Research Risks Degree of Risks Effect of weather on the sampling programme very Low (Time-related risk) Shortage of time low V BENEFITS OF THE RESEARCH It is anticipated that the findings of this research will benefit the following sectors: Knowledge From this study we will know pollution status at Rompin River and the sources that caused this pollution. In the future, the findings for this research may be benefit for people who live on the two sides of the river. Public and Private Sectors This study could be one of the components to built management control methods that may be more effective and economic.
Sunday, January 19, 2020
A life in the day of Paul Harris Essay
I wake up 6:30 a. m. with my light going on and a very loud voice shouting, ââ¬Å"Get up Paul! Immediately or I will stop you from playing stupid games on your Playstation. â⬠(I find this one of my motherââ¬â¢s most annoying habits. ) I eventually haul myself out of my bed and stagger to the bathroom, where I transform my self from Ape to human. Laura my adorable (if somewhat a pain), sister, is already dressed and downstairs feeding our cat Bobby. Dad is blocking the stairs putting his shoes on as he advances to work for another day in the bank. Mum is busy juggling the washing machine, the toaster, packed lunch and signing my planner. Just as I think it is safe to come down stairs, to have a tasty breakfast of Coco Pops, my mum would start practicing Opera, for her lesson on Friday lunch time. I donââ¬â¢t particularly like Opera, I prefer Punk rock, my favourite band is Blink 182 and my favourite song is, ââ¬Å"All the small things. â⬠The trip to school is fun and exciting with lots of little alloy ways to get lost in. The ride on the train is an exciting but short journey from Hightown station towards Freshfeld station via Formby station. I walk to school from there with my best friend Jamie Hall, who has his hair up spiked and also likes Punk rock. We both share a big interest in computers and we are both going to build a computer individually. School is a mixture of excitement and work (education). This year I have taken a great interest in my education because it is the start of my G. C. S. Eââ¬â¢s. A time of hard work to get qualifications. I particularly have to work at English, but Iââ¬â¢m lucky because my English teacher is a good teacher, who teaches the class properly. I enjoy I. T because it is full of interesting facts about computers and when the teacherââ¬â¢s not looking, I start playing games like Sonic the Hedgehog. Mathââ¬â¢s is a good subject because I can do the work, at the moment. I sit next to Michael Roberts who can be good fun but gets moody sometimes (we all have faults and mine is that I rush things). At breaks I walk round the school mumbling about computers or games with Jamie. Sometimes I play a game called manhunt with a few of my other friends, like Ashlee Rowe. It is a physical game that involves chasing people and catching them. When it is time to leave school, I wait for my friend Allister in year ten, (we live next door to each other). We get the train together; Allister is more obsessed about computers than I am, but he adores games and I love all aspects of computers. When I get home, my homework comes first before any thing else, so I do it, have something to eat, before my horrible task of ironing my Army cadetââ¬â¢s uniform. I go to cadets with a friend from school called Danny; He can be a bit strange at times because he makes noises with his mouth. Cadets is enjoy full because I love the Army and the activities I do (Iââ¬â¢m not the best at shooting because Iââ¬â¢m short sighted). I think The Army will be my career as an officer or I might join the navy, as an engineering officer. For now I will think I will stay who I am. When dad gets home from a very stressful job, he is usually moody like a bear with a sore head, so I help him buy making him a brew of P. G Tips tea. At tea time I have to gulp my tea down so Iââ¬â¢m ready for cadets. My friend Chris Caralan picks me up for cadets he is 15 and has recently lost his lance corporal stripe for forgetting to go to annual camp. To night will be a brilliant night because I get to go in the best tank in the world, The ââ¬ËChallenger 2. ââ¬Ë When we arrived at the Army camp it was there, the ââ¬ËChallenger 2. ââ¬Ë A giant monster by its self, a khaki coloured snail with a thick layer of armour like a shell. It had two eyes both sides of the turret to give it character. When one of the officers turned on the engine it roared like a grizzly bear. We got a chance to gone in it and a guided tour. After a long exhausting day I finally get a chance to drop off at the land of nod.
Saturday, January 11, 2020
Advertising Practices in the US and the UK Essay
In spite of the many cultural similarities between the United States and the United Kingdom, there are significant differences between American and British television advertising. Advertising content in the two countries is substantially different today, even though early British television adverts had a tendency to be made in the American style, and supported by American research methodologies, when television advertising was introduced into British culture in 1955 (Lannon, 1986). Although several differences in the two countriesââ¬â¢ television advertising practices have been identified in previous research, this study focuses on one in particular: difference in ad content. This research sets out to discuss said differences in ad content and explores the motivations for these differences. This discussion will examine specific media groups in two different societies and discuss their differences, contributing to developing an understanding of different kinds of media practices. Comparing advertising practices in the United States and United Kingdom is relevant for several reasons: because both countries are highly developed industrial consumer societies, consequently, the same categories of consumer products would be expected to appear in both countries; the British system of regulating TV advertising has been regarded superior to the American approach (Buell, 1977); the deep-seated and widespread belief in the United Kingdom that British culture and American culture are both individually based on different assumptions that are reflected in their respective advertising practices (Weinberger & Spotts, 1989a). Advertising Defined ââ¬Å"Advertising ââ¬â apart from its more or less hidden purposes ââ¬â is a form of communication between a sender and a receiver of a messageâ⬠(Borrelli, 2010). Advertising is deemed as the business of ââ¬Å"bringing into notice; spec. by paid announcement in a printed journal, by prominent display of placards, etcâ⬠(Online Oxford English Dictionary), an activity to ââ¬Å"the action of calling something to the attention of the public especially by paid announcementsâ⬠(Merriam Webster Online). It does not matter whether the advertised item is a product, a service or a better version of ourselves (Myers, 1994). According to Sherry (1987), ââ¬Å"advertising is a system of symbols synthesized from the entire range of culturally determined ways of knowing that is accessible through ritual and oriented toward both secular and sacred dimensions of transcendental experience in hyperindustrial societyâ⬠(pp. 443-444). McLuhan (1970) refers to it as the cave art of the twentieth century. As art, Williams (1980) perceives advertising as the official art of modern capitalist society, Feasley (1984) as fitting the definition of art by its enrichment and intensification of life, as well as a reflection of our lives, and Borghini, Visconti, Anderson & Sherry (2010) as matching the tendency of art to embody universal fantasies, feelings, and thoughts advertising expresses the rational and emotional experiences and moods of consumers. In his analysis of advertising, Schudson (1984) describes advertising as capitalist realism, which he defines as a set of aesthetic practices promoting and celebrating a certain political economy. Schudsonââ¬â¢s (1984) description comes from his understanding of socialist realism, which presents a standard version of reality that is simplified, collective, optimistic, progressive, and socially integrative. Capitalist realism celebrates the choice of the consumer in defense of materialism and individualism by representing consumer satisfaction as an idealized form. ââ¬Å"ââ¬ËAdvertising is capitalismââ¬â¢s way of saying ââ¬Å"I love youâ⬠to itselfââ¬â¢Ã¢â¬â(and, as we all know, love means never having to say youââ¬â¢re sorry) (Weinberger & Spotts, 1989a, pp. 44). â⬠Accordingly, Csikszentmihalyi & Rochberg-Halton (1981) say that advertising promotes forms of materialism that are instrumental as well as terminal. Advertising works at the level of semiology to provide goods with meaning, and at the level of semiotics to bring together domestic and political economies into a culture whose dominant force is consumption. By teaching the meaning of and use of goods, advertising helps create understanding; it helps make the categories of culture stable and visible (Douglas & Isherwood, 1979). Semiology is the study of signs and symbols from a general point of view, and through its different meanings, semiotics, by defining a framework, analyzes the signs within this framework and through differentiation with other elements, allows one to make a selection and be more precise in the understanding of the meaning (Depaux, 2011). Semiology and semiotics are especially useful in examining the communication of messages (Ashwin, 1984). Symbols create a cultureââ¬â¢s worldview and philosophy. A cultural system acts as both a model of and a model for reality. Advertising can then be seen to shape and reflect reality. Thus, advertising can be viewed as a cultural system, and individual advertisements as a performance exhibiting the larger system (Sherry, 1987). Although research on this topic is underdeveloped (Borghini et al. , 2010), McCracken (1988) says that advertising messages have a cultural meaning in everyday life. Additionally, Elliot (1997) and Willis (1990) discuss advertising as a cultural product consumed symbolically by consumers independently of the products being advertised. So, as British and American cultures are both based on different assumptions (Carey, 1975; Lannon, 1986), and as advertising can be viewed as a cultural system, the two respective cultures (American and British) are mirrored in their respective advertising. Effects of Culture How does television advertising content in the United States and the United Kingdom reflect cultural differences? Consumers in different countries have different ways of deciding which brands to purchase (Zaichkowsky & Sood, 1989), and they have different attitudes about advertising (Durvasala, S. Andrews, J. C. , Lyonski, S. , & Netemeyer, R. G. , 1993). These different ways of doing and thinking about things is called culture; it is the complex of values, ideas, attitudes, and other meaningful symbols that allow persons to communicate, interpret, and evaluate as members of a society (Engel, Blackwell & Miniard, 1995). Every culture is a complex web of social relations, religious beliefs, languages and consumption attitudes and habits. All of which impact how advertising is delivered and received by society members (Tse, Belk & Zhou, 1989). Abd. Rahim and Osman (2005) conducted a study that examined how commercials in Malaysia were impacted by globalization. As a part of their research, they made use of ten consumer culture constructs that were developed by Harris and Morgan (1987) and later adapted by Engel, Blackwell and Miniard (1990) to rationalize how advertising is effective in creating our culture. According to Abd. Rahim and Osman (2005) these constructs are ââ¬Å"projectedâ⬠(p. 36) into advertisements. The constructs are: 1) sense of self and space, 2) communication and language, 3) dress and appearance, 4) food and feeling habits, 5) time and time consciousness, 6) relationships, 7) value and norms, 8) beliefs and attitudes, 9) mental processes and learning and 10) work habits and practices. Alden, Steenkamp and Batra (1999) support the existence and use of these constructs with their culture positioning theory that implies that, as a rule there are three brand positioning strategies used in advertising strategies, specifically the Local, Foreign and Global Consumer Culture Positioning (LCCP, FCCP, and GCCP). Those behaviors are categorized in the form of identification in advertisements to whether they are local, foreign or global in terms of brand positioningâ⬠(Abd. Rahim & Osman, 2005, p. 36). The ten culture constructs paired with the culture positioning theory further sustain the advertising as a cultural system concept and shed light on the cultural reasons behind the differences in advertising content across geographical boundaries. Abd. Rahim and Osman (2005) suggest that the most profound effect of advertising upon consumers is in creating a culture that values the pursuit of certain lifestyles. David Slayden (1999) offers a complementary view to Abd. Rahim and Osmanââ¬â¢s (2005) assessment of advertising effects: advertising identifies the important myths, symbols, and stories of culture and associates them with a product or service. Initially, British advertising often mirrored American ad experience. During this time, commercials were highly ââ¬Å"unsuited to British tastesâ⬠(Nevett, 1992, p. 65). Commercials were being branded as intrusive. British television in the 50s was drastically different from American television; it had only one channel (BBC1) and saturation was low, only 16 percent coverage of private homes (Moskowitz, 1953). The introduction of commercial television into British life was a public corporation with a charter from the government, Independent Television Authority (ITV) (Burdett, 1955). ITV was proposed with the intention to set new standards of technical excellence, ââ¬Å"bring ââ¬Å"new verve into political discussions, improve the pace, and revive personalityâ⬠(Burdett, 1955, p. 184). The BBC channel was inadequate, to say the least. As a service without a rival, it has tended to coast alongâ⬠¦when it comes to drama and popular entertainment, one misses the technical proficiency and the pace and brightness of American TV productionsâ⬠¦the accidents that happen on BBC television are startling to an American viewer. No one seems dismayed here if transmission breaks down and the screen goes black for five minutes. No one seems surprised if a program runs over for fifteen or twenty minutes; and if you see a news anchor talking, but thereââ¬â¢s no voiceââ¬âwell that happens too. From time to time, the stagehands will wander out in front of the camera. Its all very casualâ⬠¦announcers are supposed to be as devoid of personality as conceivably possible. (Burdett, 1955, pp. 183-184) Also during this time, opinion leaders were opposed to the commercialization of British television: ââ¬Å"The TV monsterâ⬠¦would bring in its wake a host of undesirable thingsââ¬âthe debasement of taste, the corruption of youth, the breakdown of law, and a hucksterââ¬â¢s riot of vulgarityâ⬠(Burdett, 1955, p. 180). Lord Reith compared commercial television to smallpox, the Black Death, and the Bubonic Plague; when approved by Parliament in 1955, it did so against fierce opposition in the House of Lords (Nevett, 1992). British advertising then underwent a evolution during the 60s and 70s in an effort to infuse ââ¬ËBritishnessââ¬â¢ (Dickason, 2000, p. 162) into their advertising practices, and additionally to revoke Americanization of British television. In an effort to sell a product and entertain a viewer at the same time, the advertiser ââ¬Å"accepted that he was an unwanted visitor in peoples homes; if they were to let him in at all, or to let him return regularly, then he had better behave politely, quietly, and entertaininglyâ⬠(Garrett, 1986). British advertising began to employ understated humor and a soft-sell approach, and had begun to make frequent use of features inherent in British culture, such as the persistence of class separation and affection for eccentricity (Nevett, 1992). Soft sell focuses predominantly on the entertainment factor of commercials and is considered noninvasive. As opposed to British advertising, American advertising techniques implore a hard-sell approach. This hard sell approach focuses on disseminating information and pressuring the consumer to buy.
Friday, January 3, 2020
Engagement Strategies At The Nguyen Family - 905 Words
Engagement Strategies Strategies to engage and successfully join the Nguyen family must include not only fundamental social work skills, but cultural engagement skills as well. First, as with every family, it is crucial during the first meeting with them to reiterate that it is their right to choose (or not) to engage with a worker. This engagement strategy is particularly important because it reinforces the familyââ¬â¢s autonomy despite their need of services. If the family feels forced into working with a social worker, presumably the members of the family will not readily provide information and it will be impossible to effectively address the goals and best interests of the family. Secondly, engagement of the Nguyenââ¬â¢s requires emphasis on the strengths of the family. This is important for both the social worker and the family. For the social worker, awareness of strengths is vital because these strengths provide a framework for planning an intervention or referring serv ices that will help the family truly thrive. Moreover, recognizing strengths helps the worker remain optimistic that the family possesses capacities that provide an impetus for lasting, positive change in family functioning. Similarly, for the family, focusing on building strengths and skills removes the sentiment that they are hopelessly dysfunctional and inspires belief in their own abilities as both as a family and as individuals. Working with this family requires willingness to distinguish eachShow MoreRelatedHealth Promotion Is A Key Element Of The Nurses Role1707 Words à |à 7 Pagescomplete physical, mental and social well being (World Health Organization 2005). Of the many occupations found in the health sector, it is nurses who continually need to interact with a range of individuals. From colleagues to patients and their families, nurses are often thrown in highly stressful situations. Such environment unfortunately makes nurses more susceptible to mental health stress ( Bazarko et. al 2013, pg 108). Given this context, the promotion of mental health not only improves wellbeingRead MoreGraduation Speech On Student s Progression Into University1066 Words à |à 5 PagesQuynh Nguyen Student Number: W1547448 Module Leader: Evgeniya Macleod Seminar Leader: Ailu Hiew Word Count: 858 Date: 20th October 2015 In this essay I will be assessing the different areas of a student transitioning to university. I will be discussing the key issues and challenges, which students may experience within their transitions and how they will be able to deal with the difficulties they may have during their first year of university, in addition to this there are strategies and actionsRead MoreCBA Scandal and FOFA Reforms4755 Words à |à 20 PagesThe planner, Don Nguyen, was believed to have created unauthorised investment accounts, forged signatures and overcharged fees. As a consequence, Mr Nguyen was banned from providing financial advice until 2018. Contained within the fax was a detailed history of Mr Nguyenââ¬â¢s exploits, including an extraordinary commonality in the risk profiles of the clients, whereby all, including the retired, the disabled and the unemployed, opted for aggressive high-growth [investment] strategies. (Adele FergusonRead MoreImpact Of Asian Culture On Mental Health1984 Words à |à 8 PagesKoreans are influenced by Karma, the symptoms and sufferings of those afflicted with mental health illnesses in these cultures are commonly explained as misfortunes caused by the sins of the individual in his or her past lives, or even the sins of their family (Kramer, Kwong, Lee, Chung, 2002; Mehraby, 2009) In Japanese and Chinese cultures, natural phenomenon and supernatural interventions are also often used as a means to explain the causes of the symptoms and pains of those who are suffering from mentalRead MoreProviding Support to Transgender Students On Campus Essay1938 Words à |à 8 Pagesabout the experience s students who identify as transgender face. The research conducted reveals a poor climate on campuses for transgender students. A significant amount of information published regarding transgender student inclusion discusses strategies colleges and universities can utilize to improve campus climate for students. Few studies have been conducted to verify improvements a campus makes to accommodate transgender students. The literature presented discusses the experiences of transgenderRead MoreConsequences Of The Vitamin War Essay2198 Words à |à 9 PagesIn 939, Vietnam gained independence from China. An invasion was attempted in 1279 but failed. Success came in 1407 for China, but the reinvasion was short-lived mainly due to the powerful Vietnam army of the time. In 1620, Vietnam was divided. Nguyen in the south and Trinh in the north. Stability remained in Vietnam until the French invaded the country in 1858. The French established a protectorate of China in 1862.2 The Frenc h were able to merge Cambodia and Vietnam in 1887 which formed IndochinaRead MoreAnalysis Of The Book The Ghost Map 1864 Words à |à 8 Pageswith poor waste management systems and sewage smells and whose water supply depended on the water pump in Broad Street. The widespread of the water made the condition worse. So, to give readers better viewed about this lifestyle, he tells a story of families living there and illustrates how the outbreak took their members lives one by one. As death increases in Soho, a neighborhood that had been abandoned by the upper classes, perhaps because of ââ¬â the increasingly crowded and unsanitary conditionsRead MoreHuman Resource2908 Words à |à 12 PagesNathan |04/10/2010 | |Surname |First name (s) | |NGUYEN |THAI QUYNH CHI | |Student ID (University of Sunderland registration number) | Read MoreComparation Between Walmart(Usa) and Coopmart(Vietnam)3759 Words à |à 16 Pagesinvestment in supply chain management? 9 How their supply chain management aspects differ?: 9 How they reduce supply chain risks? 10 What are some of their supply chain strategies? 11 How do their supply chain models differ? 12 What is their relationship with suppliers? 13 4/ Human resources strategy and Motivation 14 Wal-Mart 14 Co.op Mart 15 5/ Ethical issuses 16 Coopmart: 16 Wal-Mart: 16 III/ Conclusion 17 I/ Introduction This project is all about Co-opRead MoreThe War Of The Vietnam War Essay3546 Words à |à 15 Pagesdeclared Vietnam an independent state within the French union. In November 1946, with the French naval bombardment of the seaport of Haiphong, the French challenged the authority of the DRV und the vague framework of the March agreement. This engagement launched the First Indochina War (1946-1954). Ho Chi Minh and his Viet Minh troops retreated from Hanoi and launched a guerilla war. In 1950, the anticolonial movement became integrated into the Cold War: the Soviet Union and China recognized
Wednesday, December 25, 2019
What is a Remake Film Essay - 852 Words
A remake is a film that has been produced, based on, or inspired by, an already existing, older motion picture. Wether it be an allusion or a line-by-line retake of a movie, the term remake covers everything in the realm of reused material. However, the term generally pertains to a new version of an old film, usually with significant production and narrative changes. King Kong, released in 1933 by Merian C. Cooper and Ernest B. Schoedsack, is no exception. Legendary for its developments in soundtrack and visual effects, the original version of the film was the inspiration behind Peter Jacksonââ¬â¢s want to become a director, remaking it in 2005 this time with new developments and interpretations of music and visual effects as well as storyâ⬠¦show more contentâ⬠¦Max Steinerââ¬â¢s 1933 soundtrack for King Kong was revolutionary. It was the first sound film to be accompanied by an original, non-diegetic, score that paralleled, supported and enhanced the narrative. These pioneering techniques strongly influenced the governing film scoring principles and have been used ever since. The 1933 King Kong uses an early variation of a technique called ââ¬Å"mickey-mousingâ⬠which can be seen notably in scenes such as that with the Chieftainââ¬â¢s footsteps being synchronised, Kong as he searched for Jack on the cliff, and the low s trings imitating the aeroplanes in flight. It was also well known for its ground breaking use of themes/leitmotifs, short, reoccurring, musical phrases usually associated with a particular person or theme, such as a love theme for Ann and Kong as well as separate themes for their individual characters. ââ¬Å"Mickey-mousingâ⬠was obsolete by 2005, however, and scores have become more preoccupied with defining the mood with fierce action music and emotional melodies like when Jack and Ann escape as it switches back and forth between frantic drumming as theyââ¬â¢re chased and tentative suspense as Carl prepares the trap, for instance. Although, Peter Jacksonââ¬â¢s version also uses motifs for characters such as Ann and Kong, however his themes change and develop as the characters and the relationship between the characters do. The personality of both films shines through greatly in their music. The original 1933Show MoreRelatedNightmare On Elm Street Movie Comparison Essay1359 Words à |à 6 PagesBrooks English 1010 October 6, 2017 Nightmare On Elm Street Remake VS. Original Me being a total horror movie fanatic and with the remake craze taking the horror genre by storm, we all compare the remake to the original whileà weââ¬â¢re watching it. One of the most classic horror films of all time, Nightmare on Elm Street, was originally made in 1984 and later got remade in 2010 after a slew of sequels. When Nightmare on Elm Street got a remake, everyone at that time had split decisions about the newRead MoreDesigning A Remake Centric Film Festival From A Project Essay1443 Words à |à 6 Pagesto create a remake centric film festival from a project I did in another film class. In that class, my group and I decided to do a presentation on horror film remakes. While trying to decide on while two films to talk about, I found that a multitude of horror films had been remade. I continued looking up films that had been remade and eventually made it through the lengthy list of horror films, and found other genres that have had remakes. Once I found enough content to pad out a film line-up, I settledRead MoreAnalysis Of The Movie Father Of The Bride 1601 Words à |à 7 PagesVincente Minelliââ¬â¢s 1950 film Father of the Bride and in Charles Shyerââ¬â¢s 1991 remake of the same name, respectively. Both films are extremely similar in content, as the remake borrows heavily on dialogue, temperament of characters, scene progression, and the overall essence of the theme of adoration between a father and his daughter, even though they are set 41 years apart. It would be foolish to say that post-war 1950s gender roles of the original film are the same of those of 90s remake, but regardlessRead MoreThe Manchurian Candidate by Johnathan Demme Essay1106 Words à |à 5 PagesThe Manchurian Candidate, Johnathan Demme directed the remake. Both films portray paranoia, mind control, and conspiracy. Frankenheimer utilizes satire, humor, and symbolism to convey the themes, whereas, Demme uses modern fears, camera angles and focus, and mental illness to achieve similar results. Many of the elements of the 2004 remake have been modernized. While the original movie placed the soldiers in Korea, the remake placed them in Kuwait. Demme did changed the location of the war, in orderRead MoreEssay on Film Analysis Guess Who and Guess Whos Coming to Dinner1188 Words à |à 5 PagesThe Hollywood movie Guess Who (2005) is a remake of Guess Whos Coming to Dinner (1967). Both films premises are about the same situation of an interracial marriage. The original revolved around a daughter bringing her black fiancà ©e to meet her white middle class family. This was a touchy and even controversial subject in 1967 but the film became an award winner. The 2005 update switches the roles around and with a stroke of genius we now have a white fiancà ©e meeting a black family. PersonallyRead More Film analysis Guess Who and Guess whos comming to dinner Essay1136 Words à |à 5 Pages The Hollywood movie ââ¬Å"Guess Whoâ⬠(2005) is a remake of ââ¬Å"Guess Whoââ¬â¢s Coming to Dinnerâ⬠(1967). Both filmââ¬â¢s premises are about the same situation of an interracial marriage. The original revolved around a daughter bringing her black fiancà ©e to meet her white middle class family. This was a touchy and even controversial subject in 1967 but the film became an award winner. The 2005 update switches the roles around and with a stroke of genius we now have a white fiancà ©e meeting a black family. PersonallyRead MoreModern Films : The Issue Of Marketing In Modern Film1348 Words à |à 6 PagesThe Issue of Marketing in Modern Film Sequels and remakes are currently the name of the game for blockbuster movies. In 2017, seven of the top ten earning films are either remakes or sequels, so clearly there is a good reason behind this trend. After all, entertainment companies are not being paid for who is the most creative. Clearly it is a great business decision to stick with what is not only the safest choice, but the one that will consistently bring in the most revenue for the producer. TheRead MoreFilm Analysis Of The Gangster Filmscarface 1662 Words à |à 7 PagesThe Gangster film ââ¬ËScarfaceââ¬â¢ (De Palma) is about the rise and fall of Cuban refugee turned drug lord, Tony Montana. Throughout the film the viewer witnesses Tony Montanaââ¬â¢s narrative arc. The viewer watches as Tony Montana begins his arc as a petty criminal escaping from Cuba and metamorphizes into a drug king pin in America. The average viewer cannot empathize with the narrative arc of Tony Montana. But, the average viewer can empa thize with what Tony Montana is yearning for, the American dream.Read MoreOceanââ¬Å¡Ãâà ´s Eleven Movie1175 Words à |à 5 Pagesseen when comparing movies from two different generations. The first Oceanââ¬â¢s Eleven movie from 1960 with Frank Sinatra shows different societal ideas and values than the film from 2001. The forty-one years that separate these movies had a multitude of changes among society and these changes can be seen with the style of each film. The focus of both Oceanââ¬â¢s Eleven movies had several things in common including the story. Eleven men planned and carried out one of the Worldââ¬â¢s largest heist ever at aRead MoreParent Trap Essay883 Words à |à 4 PagesThese differences between original movies and remakes are apparent throughout the history of movies. During the 1960s, when the original movie The Parent Trap was published, divorce was a touchy topic. Many children did not even know what it was, because it was so rare. Divorce had become more common in 1998 when The Parent Trap was remade. More and more children were seeing their parents split up. How do changes, such as these, tell us about the time periods in which the movies were made? Both movies
Tuesday, December 17, 2019
Professional Development Plan Essay - 1171 Words
Program of Study and Professional Development Plan Walden University NURS 6000-8, Success Strategies in the Masters of Science Program in Nursing March 4, 2012 Program of Study and Professional Plan The purpose of this assignment is to develop my own personal plan to meet my educational goals at Walden University. It also allows me to begin a dialog with my instructor about my interests and goals and to give a background of my educational and professional experience. Personal and Professional Goals My name is Sherri Teare and I have been in nursing for 26 years. I am a mother of two adult children and have been married to my high school sweetheart for 28 years. With the empty nest syndrome in full swing, I haveâ⬠¦show more contentâ⬠¦program. I took a position on a behavioral health unit in a larger hospital in a nearby town. There I worked the night shift part-time, which allowed me the flexibility to complete my studies. I have been working on the same unit since graduating 12 years ago. I truly love my job and the hospital that I work for. I hope I am able to continue with this organization after receiving my graduate degree. I recently became certified as a psychiatric and mental health nurse. I serve on our unit practice council helping to find solutions to unit specific issues. I have also served on the hospital wide nurseââ¬â¢s week committee, and a fall prevention committee. Initially I thought that I had little research exp erience except for gathering information regarding falls and looking for solutions to prevent them. Then I began thinking about all of the times that I have turned to journal articles when looking for information related to best practices in patient care. I hope to learn to develop a better understanding of the research process and to conduct my own research in courses to come. Learning Goals Through this course I expect to become familiar with the online learning format. I have never taken online courses previously so I plan to learn the skills necessary for me to become a successful online scholar. Practicum This is the first time I have actuallyShow MoreRelatedProfessional Development Plan1604 Words à |à 6 PagesProfessional Development Plan The world is going through an era of rapid professional change and development. This has led to increased uncertainty for all professionals in the world of work. To ensure sustained growth in success and longevity of ones professional career, it is important to develop a strategic plan that focuses on training and developing a professional. Such a plan aims to put one in a position of advantage for employment in the long term in this rapidly changing professional worldRead MoreProfessional Development Plan1601 Words à |à 7 Pages Professional development is the development of new or existing skills, knowledge and aptitudes to improve oneââ¬â¢s marketablilty, portability, performance and self worth (McKellar, 1996). This paper outlines my top three professional goals, resources required for achieving these goals, and a resource constrained schedule. The strategic formulation of my goals, required resources and schedule coalesce to form my Professional Development Plan (PDP). The first goal is a short term goal required forRead MoreProfessional Development Plan896 Words à |à 4 PagesProfessional Development Plan The group members of Learning Team A took a DISC assessment to determine their personality types, strengths and weaknesses, and areas needing improvement. The members of the group are (your name). The Professional Development Plan will describe the strengths and weaknesses of each personality type, characteristics each type share and characteristics that could cause conflict, and how each type can work together. Along with showing how I the manager can better my abilityRead MoreProfessional Development Plan2090 Words à |à 9 PagesProfessional Development Plan AED 201 Teaching as a Profession August , 2010 Kymm Corbin The goals I have set for myself for the next five years are to becoming a successful, dependable, and productive teacher. The road to for filling this goal will have many adversities such as long hours of instruction from a six years degree program from University of Phoenix. I will have to dedicate my efforts and time in to achieve this process of obtaining my degrees. The way to achieve these goals it toRead MoreCareer Plan For A Professional Development Plan1109 Words à |à 5 PagesProfessional Development Plan The purpose of this professional development plan is to introduce my counselor identity, my plans for professional development, my clinical and academic training schedule and finally my plans for credentialing in the State of Maryland. I am currently seeking an MS in Clinical Mental Health Counseling with an anticipated graduation date of May, 2020. This professional development plan was written on September 27, 2017. Counselor Identity Statement I accept those aroundRead MorePurpose Of A Professional Development Plan1733 Words à |à 7 PagesPurpose of a Professional Development Plan For many of us, self-improvement has taken on a central role in our lives. Part of the thought behind how we want to live our lives includes looking at the habits and lifestyles of people who have the same kind of values that we want to meet. Employers may also prefer to hire people who will take initiative to grow and develop their skills in years to come. Development involves reviewing and determining the various attributes of an individual as wellRead MoreProfessional Roles And Development Plan1206 Words à |à 5 PagesProfessional Roles and Development Plan The nursing workforce plays an essential role in our health care system and the role of nursing is evolving due to shortage of nurses, new emerging technology within the healthcare system and the needs to provide quality of care in the most cost effective ways. The focus of this paper is to analyze the roles and the required skills of the baccalaureate prepared nurse in the 21st century healthcare system. In addition, I will also describe my career developmentRead MoreNursing Professional Development Plan1383 Words à |à 6 PagesProfessional Development Plan: Professional development is entirely about constant learning and education to enable me as a nurse, deliver the paramount services to my patients and society. The reason for this assignment is to allow me to provide a depiction of my educational, professional background as well as personal goals correlated to the course work and the practicum. ââ¬Å"Your professional development should NOT be random or ad hoc! Your learning should be well thought-out, systematic and managedRead MoreProfessional And Personal Development Plan810 Words à |à 4 Pages Professional Personal Development Plan Hiqmat. D. Bello A professional development plan is a plan written by an individual that consist of an strength and weakness , opportunities and the likely challenges to be faced in his personal and development life. I will start here by explaining what my personal development plan are in relation to my strength and weaknesses. I willRead MoreProfessional Development Plan Essay1410 Words à |à 6 Pagesposition so that I can prepare myself fully. I am currently working with exceptional adult students on all levels and will continue to pursue a teaching position at Benjamin Franklin elementary school as a full time teacher. As a long term plan for professional growth for staff members in student achievement, management skills, and staff morale is to identify areas of strengths as well as needs in employee performance such as leadership, taking responsibility for the progress of all students to ensure
Monday, December 9, 2019
Capital Budgeting Analysis of EMU Electronics
Question: Describe about the Capital Budgeting Analysis of EMU Electronics. Answer: Introduction EMU Electronics is considering production of a new smart phone which will have all the features of the old smart phone plus a new Wi-Fi tethering feature. A capital budgeting analysis has been performed to help in deciding whether to go ahead with the project or not depending on its viability and profitability. Capital Budgeting Analysis The costs of developing a prototype has not been considered in the analysis as it is a sunk cost and will not affect the projects future cash flows. Also the cost incurred in marketing research is considered a sunk cost and hence is not a part of the analysis. The table of net operating cash flows is given below: Year 0 1 2 3 4 5 Equipment cost $3,45,00,000.00 Sales Volume 64000 106000 87000 78000 54000 Selling price $485.00 $485.00 $485.00 $485.00 $485.00 Revenues $3,10,40,000.00 $5,14,10,000.00 $4,21,95,000.00 $3,78,30,000.00 $2,61,90,000.00 Variable costs per unit $205.00 $205.00 $205.00 $205.00 $205.00 Variable costs $1,31,20,000.00 $2,17,30,000.00 $1,78,35,000.00 $1,59,90,000.00 $1,10,70,000.00 Fixed costs $51,00,000.00 $51,00,000.00 $51,00,000.00 $51,00,000.00 $51,00,000.00 Depreciation $49,28,571.43 $49,28,571.43 $49,28,571.43 $49,28,571.43 $49,28,571.43 EBIT $78,91,428.57 $1,96,51,428.57 $1,43,31,428.57 $1,18,11,428.57 $50,91,428.57 Income tax @30% $23,67,428.57 $58,95,428.57 $42,99,428.57 $35,43,428.57 $15,27,428.57 Operating income after tax $55,24,000.00 $1,37,56,000.00 $1,00,32,000.00 $82,68,000.00 $35,64,000.00 Add back depreciation $49,28,571.43 $49,28,571.43 $49,28,571.43 $49,28,571.43 $49,28,571.43 Operating cash flow $1,04,52,571.43 $1,86,84,571.43 $1,49,60,571.43 $1,31,96,571.43 $84,92,571.43 cash outflow for NOWC $62,08,000.00 Sale proceeds after tax $68,07,142.86 Recovery of NOWC $62,08,000.00 Project free cash flow -$3,45,00,000.00 $42,44,571.43 $1,86,84,571.43 $1,49,60,571.43 $1,31,96,571.43 $2,15,07,714.29 Discount rate 12% $1.00 $0.893 $0.797 $0.712 $0.636 $0.567 Present value of cash flows -$3,45,00,000.00 $37,89,795.92 $1,48,95,225.95 $1,06,48,639.24 $83,86,659.72 $1,22,04,054.69 Working Notes Depreciation Equipment cost $3,45,00,000.00 Useful life 7 years Depreciation = equipment cost / useful life =34500000 / 7 =$49,28,571.43 Terminal Value Equipment cost $3,45,00,000.00 Depreciation $49,28,571.43 Book value at end of five years $98,57,142.86 Salvage value $55,00,000.00 Loss on sale -$43,57,142.86 Tax benefit -$13,07,142.86 After tax proceeds $68,07,142.86 Payback period Year Project free cash flow Cumulative cash flows 0 -$3,45,00,000.00 -$3,45,00,000.00 1 $42,44,571.43 -$3,02,55,428.57 2 $1,86,84,571.43 -$1,15,70,857.14 3 $1,49,60,571.43 $33,89,714.29 4 $1,31,96,571.43 $1,65,86,285.71 5 $2,15,07,714.29 $3,80,94,000.00 Payback period = 2.8 years Profitability index = sum of discounted cash flows / initial investment = 1.4 IRR IRR = 26% NPV NPV = $1, 54, 24,375.51 Sensitivity of NPV to price changes For the purpose, we have assumed a fall in price of the smart phone by 10% and the change in NPV as a result. Year 0 1 2 3 4 5 Equipment cost $3,45,00,000.00 Sales Volume 64000 106000 87000 78000 54000 Selling price $436.50 $436.50 $436.50 $436.50 $436.50 Revenues $2,79,36,000.00 $4,62,69,000.00 $3,79,75,500.00 $3,40,47,000.00 $2,35,71,000.00 Variable costs per unit $205.00 $205.00 $205.00 $205.00 $205.00 Variable costs $1,31,20,000.00 $2,17,30,000.00 $1,78,35,000.00 $1,59,90,000.00 $1,10,70,000.00 Fixed costs $51,00,000.00 $51,00,000.00 $51,00,000.00 $51,00,000.00 $51,00,000.00 Depreciation $49,28,571.43 $49,28,571.43 $49,28,571.43 $49,28,571.43 $49,28,571.43 EBIT $47,87,428.57 $1,45,10,428.57 $1,01,11,928.57 $80,28,428.57 $24,72,428.57 Income tax @30% $14,36,228.57 $43,53,128.57 $30,33,578.57 $24,08,528.57 $7,41,728.57 Operating income after tax $33,51,200.00 $1,01,57,300.00 $70,78,350.00 $56,19,900.00 $17,30,700.00 Add back depreciation $49,28,571.43 $49,28,571.43 $49,28,571.43 $49,28,571.43 $49,28,571.43 Operating cash flow $82,79,771.43 $1,50,85,871.43 $1,20,06,921.43 $1,05,48,471.43 $66,59,271.43 cash outflow for NOWC $55,87,200.00 Sale proceeds after tax $68,07,142.86 Recovery of NOWC $55,87,200.00 Project free cash flow -$3,45,00,000.00 $26,92,571.43 $1,50,85,871.43 $1,20,06,921.43 $1,05,48,471.43 $1,90,53,614.29 Discount rate 12% $1.00 $0.893 $0.797 $0.712 $0.636 $0.567 Present value of cash flows -$3,45,00,000.00 $24,04,081.63 $1,20,26,364.34 $85,46,289.51 $67,03,744.29 $1,08,11,532.44 NPV = $59, 92,012.2 Particulars Original New % change Price $485 $436.5 10% NPV $1,54,24,375.51 $59,92,012.2 61% NPV is highly sensitive to the price as with a decrease in price by 10%, NPV decreases by 61%. Sensitivity of NPV to quantity sold changes For the purpose, we have assumed a fall in quantity of the smart phone by 10% and the change in NPV as a result. Year 0 1 2 3 4 5 Equipment cost $3,45,00,000.00 Sales Volume 56220 98220 79220 70220 46220 Selling price $485.00 $485.00 $485.00 $485.00 $485.00 Revenues $2,72,66,700.00 $4,76,36,700.00 $3,84,21,700.00 $3,40,56,700.00 $2,24,16,700.00 Variable costs per unit $205.00 $205.00 $205.00 $205.00 $205.00 Variable costs $1,15,25,100.00 $2,01,35,100.00 $1,62,40,100.00 $1,43,95,100.00 $94,75,100.00 Fixed costs $51,00,000.00 $51,00,000.00 $51,00,000.00 $51,00,000.00 $51,00,000.00 Depreciation $49,28,571.43 $49,28,571.43 $49,28,571.43 $49,28,571.43 $49,28,571.43 EBIT $57,13,028.57 $1,74,73,028.57 $1,21,53,028.57 $96,33,028.57 $29,13,028.57 Income tax @30% $17,13,908.57 $52,41,908.57 $36,45,908.57 $28,89,908.57 $8,73,908.57 Operating income after tax $39,99,120.00 $1,22,31,120.00 $85,07,120.00 $67,43,120.00 $20,39,120.00 Add back depreciation $49,28,571.43 $49,28,571.43 $49,28,571.43 $49,28,571.43 $49,28,571.43 Operating cash flow $89,27,691.43 $1,71,59,691.43 $1,34,35,691.43 $1,16,71,691.43 $69,67,691.43 cash outflow for NOWC $54,53,340.00 Sale proceeds after tax $68,07,142.86 Recovery of NOWC $54,53,340.00 Project free cash flow -$3,45,00,000.00 $34,74,351.43 $1,71,59,691.43 $1,34,35,691.43 $1,16,71,691.43 $1,92,28,174.29 Discount rate 12% $1.00 $0.893 $0.797 $0.712 $0.636 $0.567 Present value of cash flows -$3,45,00,000.00 $31,02,099.49 $1,36,79,600.95 $95,63,259.77 $74,17,570.91 $1,09,10,582.48 NPV = $1, 01, 73,113.06 Particulars Original New % change Quantity sold 3,89,000 units 3,50,100 units 10% NPV $1,54,24,375.51 $1,01,73,113.06 34% Though NPV is sensitive to changes in quantity sold, however it is more sensitive to changes in the price. Recommendation Yes, EMU should produce the new smart phone as the project has a positive NPV, IRR is more than the required rate of return of 12%, the payback period is less than 5 years and the profitability index is more than 1. Effect of loss of sale of old models A loss of sale of other models due to introduction of the new model will have adverse effects on the analysis. The loss of sale will be regarded as an opportunity cost and will be treated as an expense and reduced from the revenue. This will reduce the operating income and operating cash flows, thus reducing the NPV of the project.
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