Tuesday, March 10, 2020
How to Write a Sociology Essay Ultimate Guide
How to Write a Sociology Essay Ultimate Guide Looking for advice on how to write a good sociology essay? Sociology is a science that systematically studies human society. Sociologists try to understand and explain the interaction of social groups and individuals. When writing sociology papers, you have to provide an effective sociological argument that balances structural constraints and individual agency. Actually, your task is to provide a strong sociological argument and make it as clear as possible in stating your thesis. Sociology essay writing can be a daunting task if you are a beginner in sociology and canââ¬â¢t boast of strong writing skills. But there is no need to feel frustrated about that. Writing skills can be learned if you work hard and practice a lot. Here is an easy guide to writing an impressive sociology essay where you can find all the essential information on all aspects of the writing and editing process. Keep reading to learn the secrets of writing on sociology topics. What Is a Sociology Essay? Sociology essay is a common assignment for students who take classes in sociology. This type of assignment is typically based on library research but it can also be based on empirical content. When writing a sociology essay, you have to provide an answer to a research question and argue convincingly for your answer to the assignment question that is called the assignmentââ¬â¢s assertion. All assignments in sociology are argumentative and you have to convince your readers that your assertion is correct and to present the necessary information to support your argument in a specific order. That means that you have to structure your sociology essay in a specific way. All sociology essays typically consist of the introduction, body paragraphs, and a conclusion. If the topic for your essay was given by your instructor, you have to follow the directions provided in your assignment. You may be asked to write different types of essays for your sociology class. You can be assigned to: summarize a certain text; compare and contrast two texts; explain or interpret a passage; apply a theory; critique or evaluate an argument or a theory. How to Tackle Different Types of Sociology Essays: Quick Tips from Our Experts When you need to summarize a sociology text, you actually have to provide a brief overview of the piece of writing. You need to determine the most important points of the argument in a certain text and present them in the best possible way. Itââ¬â¢s essential to include in your summary concrete key points and examples. When analyzing a quote or interpreting a passage, you have to keep a balance between explaining the given text and linking it to the text of the entire work. Remember that there different ways of being right when interpreting a passage. You need to identify the central argument and determine how it fits into the overall argument. When writing a compare and contrast sociology essay, you have to explore differences and similar features in two texts. You need to explain the argument and the evidence of two different texts. You should show that you understand both texts and are able to determine their similarities and differences. You need to create a strong thesis statement that unites the discussion of the texts. You can discuss whether one argument is more convincing than the other. Besides, you can speak about the strong points and weaknesses of both texts. You can organize your essays around the main points of comparison or around the theories of the authors. When your assignment is to evaluate arguments or theories, you have to demonstrate your critical thinking skills and your ability to think independently. When completing this type of assignment, you can use different strategies, for example, determine the weaknesses and strengths of the argument, find some important points in the text, and anticipate the counter-argument. If your assignment is to apply a theory, you need to find analytical concepts in your readings and apply them to interpreting some phenomenon you have observed. You can be assigned to conduct some research or analyze a single magazine article, movie, book, event, website or TV show. For example, you may be asked to analyze a film Office Space using the theory of bureaucracy by Weber. How to Choose Powerful Sociology Essay Topics If your professor hasnââ¬â¢t assigned a specific topic for your sociology essay, you have to choose a good topic yourself. You should choose your topic as early as possible to ensure that you will have enough time for writing it. Besides, you should think critically when choosing your topic and keep in mind that the success of your sociology essay will depend on a good sociological question. When selecting a topic for your essay, you can use different approaches: You can choose a topic you are interested in; You can write about a phenomenon or a concept that is not familiar to you and challenge yourself; You can pick a broad topic and narrow it to focus on some small issue and dig deeply for new ideas. Lack interesting ideas for sociology essay topics? Feel free to use some form our short list. The Culture of Poverty What is the Impact of the Technological Progress on the Peopleââ¬â¢s Health? Benefits of Real Friendship Moral Norms and Deviations What are the Long-term Effects of Child Abuse? How Do Divorces Affect Children? Superstitions in Japan Key Features of Mayan Culture Food Traditions in Rich and Poor Areas Anti-vaccination Movement History of Suffragettes Civil Rights Movement How Are Women and Men Treated Differently in Media? What Are the Messages Promoted by the Contemporary Music? Common Attitudes Toward GMOs What Caused the Rise of the Organic Farming? Importance of Food Education Social Networking in Modern Society Nationality and Pride Effects of Racial Stereotypes How to Make an Outline for Your Sociology Essay When writing your sociology essay, you should use complex, sophisticated, and creative ways to structure your key ideas. Creating an outline, youââ¬â¢ll be able to find out if your key points connect to each other or if there are gaps in your thinking. It will help you stay focused and organized and ensure that your sociology essay is coherent. Before you start creating an outline, you need to determine the purpose of your essay and your audience and formulate your thesis statement/research question. You can use 2 approaches when creating an outline for your sociology essay: the sentence outline that is made of full sentences; the topic outline that is made of short phrases. When making a basic outline, you should follow certain steps: Determine the research problem; Determine the key categories; Make the first category; Determine subcategories. Keep in mind that there are no rules that determine which approach is the best so you can use either the sentence outline or the topic outline. Of course, you should be consistent and stick to a certain approach. You can also arrange the key points of your outline in the chronological order. Work on the Essay Structure You should outline a detailed structure of what you plan to include in your sociology essay. Youââ¬â¢d better start with the main sections and experiment with different sequences filling every section with the necessary information. You can outline your argument in an abbreviated form to get an idea of if it is logical and identify possible gaps in it. You can add necessary information where it is suitable. When you start writing your sociology essay, this structure can serve as headings for different sections of your essay. Make sure your headings are brief and clearly state the key ideas of every section. If you do it this way, you will be able to work on your essay writing any section in the middle of your essay without having finished the previous ones. That will make the writing process easier. Write a Draft Start writing your sociology essay early so you will have enough time for completing it on time. The writing process is time-consuming and requires hard work. Keep in mind that no one can write a strong essay from the beginning to the end without revising, rewriting, adding, deleting or moving different parts of the content. Start with an Introduction In this part, you have to present your research question/thesis statement and demonstrate that it will be interesting to find the answer. You have to explain the significance of your topic and outline the key points of your argument to help your readers follow your logic. You can also provide a hint on your assertion, saying something like â⬠I will argue thatâ⬠¦Ã¢â¬ . During the writing process, you should stay focused on your assertion, even if you change it as the work progresses. Here is a recipe for an introduction to your sociology essay: the research question/thesis statement; the key reasons why the topic is important; major points; an assertion and answer to your research question. Provide the Background Information To help your readers follow your essay and ensure that they will be able to assess your argument, you need to provide them with some basic information that introduces your topic, describes the key problems, and briefly explains theories, concepts, and empirical findings. You should include here any relevant information for your research question and your assertion. You can also give an account of the previous research on your topic and explain why it is important for your research question. For example, if your assignment is to make an investigation about the reasons of unemployment of people with criminal records, you have to provide information from the previous research that proves that former prison inmates face difficulties when searching for jobs. Discuss Your Research Question In this part, you have to offer the line of argumentation. There is no need to be dogmatic. You can just state that there isnââ¬â¢t an unambiguous answer to your research question. For instance, you can provide an argument for the assertion that we canââ¬â¢t fully determine the reasons why women earn less than men. If you are assessing two theories that explain a social phenomenon, you should discuss the strengths and weaknesses of every theory, addressing different elements of the social phenomenon. You should make clear points that support your argument in different ways. To make your sociology essay orderly and easy-to-read, you should devote every new paragraph to a new point. You should start each paragraph with a topic sentence and then provide supporting arguments and relevant evidence. Take into account all possible relevant objections and treat them seriously. Be creative to anticipate how your future readers may critically assess your argument. You need to provide clear answers and prove that those objections are irrelevant. Write a Conclusion In this part of your sociology essay, you should emphasize your findings and state once more why they are significant. You can restate your assertion more confidently because you have already shown your audience why itââ¬â¢s the most correct and the most reasonable answer to your research question. You can also give some recommendations and provide suggestions for further research. This part shouldnââ¬â¢t include any new information ââ¬â you should make it as brief as possible. Revise Your Sociology Essay Be ready to write more than one draft of your essay. First drafts are full of confusions, errors, omissions, and bad writing. If you want to make your essay perfect, you will need to revise it and rewrite it in whole or in part several times. When revising your essay, you will be able to expand your argument, improve your analysis, and make links between your arguments. You can add some information, make changes in the content, move your parts or delete them, rework sentences and paragraphs. A good idea is to ask someone to read your sociology essay to point out mistakes and suggest improvements. You can ask your family member or a roommate to do that. When your final draft is ready, you need to proofread it and eliminate minor grammar, spelling, and punctuation mistakes and typos. You should aim for the economy of the language and the precision. Proofreading your sociology essay will be easier if you read it aloud. Remember that a revision takes time so donââ¬â¢t put it off till the last day before your deadline.
Sunday, February 23, 2020
Level 3 Research Statistics Assignment Example | Topics and Well Written Essays - 1250 words
Level 3 Research Statistics - Assignment Example Online journal articles Websites of the regulatory bodies Medical websites Reliability and Validity of information Printed information Oral information Electronic information Based on facts Data collection procedure explained Analysis made open to verification Concurs with other independently published material. Cross verify by asking multiple individuals Verify against previously ascertained data Based on facts Data collection procedure explained Analysis made open to verification Concurs with other independently published material. 5. Introduction: The effects of alcohol on various cognitive processes are well documented. There is evidence that even at low BACââ¬â¢s there can be significant impairing of key psycho-motor functions that are implicated in driving, including vision, perception, tracking, attention and information processing. The effects of alcohol are also affected by habit, gender, age, weight and emotional state. Burns and Moskowitz (1977) have found that chronic drinkers show less impairment on the surface as compared to occasional drinkers. The same alcohol consumption leads to differing BAC levels depending on the weight of the drinker. Women are more likely to show impairment as compared to men with the same amount of alcohol consumption (Howat et. al.; 1991). ... Vision is significantly impaired by alcohol consumption, in that there is a tendency to focus centrally, with less use of peripheral vision; such that the ability to us peripheral vision is impaired (Buikhuisen and Jongman, 1972). Apparently, alcohol consumption causes a narrowing of the field of vision. Other data has shown that this impairment, though significant, is not enough to account for crashes. Other evidence suggests that the problem is more explainable by the impairment of perception. Alcohol reduces the individualsââ¬â¢ ability to process perceptually complex information. This may explain why simple driving conditions are not particularly impaired, as compared to complex conditions brought about by multiple stimuli present on city streets (Adams and Brown, 1975). Tracking ââ¬â in driving conditions the steering of the vehicle ââ¬â is a very complex activity under the best of circumstances. Even minor impairment seems to have significant effects of steering beha viour as it requires activation of multiple faculties (Drew et al., 1959). The mind stores information under different classifications, creating a complex mental structure. When requires, activation of the relevant parts of this structure allow us to use the necessary information. Alcohol inhibits this ability of the brain to access information; and also makes the interpretation of presented information more difficult (Attwood, 1978). It has been found that response times lengthen under the effect of alcohol, an effect seen more prominently as the number of stimuli keeps increasing (Boyd et al., 1962). Attention is among the first of the psycho-motor abilities to be affected by alcohol, making the task of gathering information more
Thursday, February 6, 2020
Reaction Paper #1 Essay Example | Topics and Well Written Essays - 250 words
Reaction Paper #1 - Essay Example In the end an air hostess walks in and offers the boy an ice-cream which quells the competition after they decide they should have some to. This advertisement is a very good one as it manages to get it point across in a humorous and light hearted way. The message of the advert is based on the excellent experience one is able to gain from their services and they manage to depict it splendidly. They do this by depicting two famous personalities in two different sports who may argue but agree on one thing and that is the service of Qatar airlines. Their differences are seen by their struggle over the boyââ¬â¢s attention and their agreement is depicted when they both agree to get some ice scream. The use of the two stars is also a good strategy as it ensures that it catches the attention of their target audience which can be said to be fans of the two sports (that is, basketball and soccer). Using well known personalities is a good way of gaining the viewers attention in a short period of time (Arens 184). The various antics that the stars pull such as making balloon animals, give it an unexpected twist which can be used to keep the viewers interested. All in all, the advert keeps the viewers attention from the start to the finish and allows them to understand the point of the clip without putting much thought into it which is what a good advertisement is all about (Arens
Tuesday, January 28, 2020
The social consequences as a result of EU expansion Essay Example for Free
The social consequences as a result of EU expansion Essay The accession of ten nations of Eastern Europe will increase the existing social crisis in these nations and also the entire EU. The Eastern Europe population has already suffered a lot as a result of increase in unemployment levels, poverty decreased wages, the destruction of various social provisions in the region in an attempt of fulfilling the membership requirements of EU. There has been introduction of conditions of a free market, the enterprises which were formerly being controlled by the governments have been privatized and also taking up measures which are quite radical by various states in order to join the EU has left the economies and social conditions of their countries very much devastated (MCCORMICK, 2007). The wage levels in the countries that are seeking to be admitted to the EU community are currently lower by 5 to 8 times as compared to the wage levels in the EU. The per capita average of the gross domestic product in EU countries is currently about twenty four thousand two hundred and fifty euros which is quite high when compared to that of states that are seeking to join the EU community such as Hungary and Latvia that only have a gross domestic product of seven thousand and eighty euros and three thousand seven hundred and forty respectively. The main cause of poverty in most states seeking admission into the EU community is unemployment; it has increased drastically in these countries over the last one and a half decades. A good example is that of the republic of Czech where it has increased from about zero point seven percent in 1990 to about six point five in the year 1998 and it is currently about eleven percent. On average, this percentage is twice as much in EU (Fischer, 2000). Although, the figures given above do not give a true reflection of the comparison, since there exists a lot of regional disparity. But the quest for countries to become members of the EU community and thus trying as much as they can to fulfill the conditions set is an obvious factor that has made these countries to experience some of these devastating problems like increased levels of unemployment and deterioration in the social amenities. In Bratislava which is the Slovakian capital, which is about sixty kilometers away from Vienna, the levels of unemployment are about four percent. This increases to approximately sixty percent in the rural regions which are about two hundred kilometers to the east. A comparable range of unemployment can be observed in the state of Hungary. Although, the unemployment levels are very minimal in the Budapest City, in the rural areas it increases to more than forty percent (MCCORMICK, 2007). The enterprises of the Western Europe consider the regions in the east of Europe as a paradise for their investments. This has made the states in the Eastern Europe to reduce their taxes in an attempt to make of making these regions attractive to the Western Europe investors. Czech Republic has reduced the rate of business taxes by about seven to twenty four percent. Poland has followed the steps of Slovakia and has introduced a tax rate which is uniform of nineteen percent which is applied uniformly whether one is just as ordinary employee or is a millionaire (MCCORMICK, 2007). The tax incentives together with massive differentials in the average wages has made several corporations to rapidly shift their production plants to the Eastern Europe states. This will in future make the states in these regions such as Slovakia to become the major car producers in the world when computed per person of the Slovakian population. Information and Technology as well as service industries are also being moved to these regions this will in future mean the creation of massive jobs in these regions as well as development of infrastructure (Roney, Budd, 1998). However, despite the major benefits that is likely to arise as a result of the tax incentives in these regions, the tax experts are warning the governments of these states that these measures are likely to be insufficient to enable these governments adequately cater for all their needs. They will also never be fully compensated for the shortfalls they will experience from the decreased revenues arising due to the reforms. These tax measures will leave several big holes in their budgets and as a result they will not be able to provide their citizens with all the necessary social amenities (MCCORMICK, 2007). In part, this state of affairs has been achieved already in the countries that wish to become members of the EU community. As far as the economists are concerned the foreign trade and budget deficits are the real potential crisis to the economies of these accession states. A good example is the one Estonia where the deficit in its budget rose to about fifteen percent in 2003. This is higher by about five times when compared to the deficit in the Argentinean budget in 2001 which was responsible of provoking a massive financial crisis. In 2004 Hungary, there was massive pressure on the forint as a result of the increasing deficit in the countryââ¬â¢s budget. At that time the deficit in the foreign trade was about fifty eight percent while in Latvia it approximated sixty four percent of the total gross domestic products (Hofmann, Turk, 2006). Contrary, the accession countries will not improve the state of affairs even after they become members to the EU community. All the relevant economic indicators show that the disparity in wages between the west and the east will continue to persist for more than a decade after their accession. Again the reforms being undertaken by the states in the east of Europe will continue even after their accession. For example, the government of the Republic of Czech revealed that more reduction in pensions provision and health sector were necessary. Considering the prevailing welfare condition in the country, such a move can only be equated to privatization (MCCORMICK, 2007). Most likely, the Western Europe conditions will be modified with the conditions of states that are seeking accession. Even more attacks which are very comprehensive on the social standards and wages will be required to continue being competitive. According to an economic research study that was conducted by the University of Munich, indicated that the cut in wages that has been proposed in East Germany should be implemented. This is because after the accession of the Eastern Europe states, the regional financial support that was coming from the Brussels will decrease and this will lead to increased unemployment which will be a major threat to the economy of these countries (MCCORMICK, 2007).
Monday, January 20, 2020
Macbeth: Destiny of Each Character is Pre-determined :: Macbeth essays
Macbeth: Destiny of Each Character is Pre-determined In the play Macbeth, written by William Shakespeare, each characters destiny seems to be predetermined. This raises the ultimate question: who, or what, controls fate? Existentialism is the belief that each person defines their future by their decided actions: that the future has not yet been written. Fatalism is the belief that the outcome of all events is preordained, and therefore, unalterable. Throughout Macbeth, the character Macbeth makes many decisions which clearly affect his future, but are they truly decisions? Or, are his decisions examples of fatalism, where another force is guiding his actions to their predetermined conclusion? Many of the characters, events, and much of the imagery in Macbeth indicates that fate plays a prominant role in advancing the plot. The characters most easily identified with having supernatural powers are, obviously, the three witches. The Witches' ability to see into the future is demonstrated when Macbeth becomes thane of Cawdor. The line, "What? Can the devil speak true?" showes Banquo's surprise at the realization of the prophecy. But, would the Witches' prophecy of Macbeth's royal promotion have come true had they not made Macbeth aware of the possibility? There was no reason to warn Macbeth of the fate in store for him, since it is most likely impossible for a person to alter their destiny. It is quite possible that the witches have no real power at all, beyond that of suggestion. They may have only planted the idea within Macbeth, feeding off his already present ambition. Perhaps the only true controlling power comes from Lady Macbeth's uncontrollable greed. Once Lady Macbeth had learned of the witches' prophecy, she immediately concluded that Macbeth would not, with his present persona, be able to attain that which fate had bestowed upon him. "...Hie thee hither, That I may pour my spirits in thine ear And chastise with valor of my tongue All that impedes thee from the golden round Which fate and metaphysical aid doth seem To have thee crowned withal." Lady Macbeth believed that it was her duty to induce Macbeth to carry out the necessary deed (Duncan's murder) to fulfil the prophecy. However, if Lady Macbeth had not influenced him, it is doubtful that Macbeth would have taken any action towards his Royal future. This substantiates the idea that the strength of the witches' words lies in the power of suggestion. Although Lady Macbeth stated her belief in Fate, she felt compelled to help it along. During the banquet, Macbeth realized that the path of his life was coming to a "fork in the road", and
Sunday, January 12, 2020
Hbs Case ââ¬ÅMarriott Corporation: the Cost of Capitalââ¬Â
Marriott Corporation: Questions for HBS case ââ¬Å"Marriott Corporation: The cost of capitalâ⬠1)Are the four components of Marriott's financial strategy consistent with its growth objective? In my opinion, the four components of Marriott's financial strategy are consistent with its growth objective. As we find in the case, the four components of Marriott's financial strategy: Manage rather than own hotel assets, Invest in projects that increase shareholder value, Optimize the use of debt in the capital structure, and Repurchase undervalued shares; are aligned with the growth objective.Marriott wants to remain a premier growth company. This means aggressively developing appropriate opportunities within our chosen lines of businessââ¬âlodging, contract services, and related businesses. In each of these areas, their goal is to be the preferred employer, the preferred provider, and the most profitable company. 2)How does Marriott use its estimate of its cost of capital? Does t his make sense? In the case is stated that Marriott required three inputs to determine the opportunity cost of capital: debt capacity, debt cost, and equity cost consistent with the amount of debt.The cost of capital varied across the three divisions because all three of the cost-of-capital inputs could differ for each division. This is the most logical approach due to the fact that the projects related to a particular division should be evaluated using the divisionââ¬â¢s WACC rather than the corporationââ¬â¢s WACC. 3)What is the Weighted Average Cost of Capital for Marriott Corporation? In order to calculate the WACC for Marriottââ¬â¢s Corporation Iââ¬â¢m going to use the following formulas: 1. Weighted Average Cost of Capital: 2. Levered Beta: Marriottââ¬â¢s structure: D= 60% E=40% Marriottââ¬â¢s corporate tax:Tc= 175. 9 / 398. 9 Tc=0. 441 Marriottââ¬â¢s Pre-tax cost of debt: Debt rate premium above government= 1. 30% U. S. Government Securities Interest Rates : Maturity 30 years = 8. 95% Kd = 0. 0895 + 0. 013 Kd= 0. 1025 Marriottââ¬â¢s after tax cost of equity: Leverag. TcAsset BetaEq. Beta MARRIOTT 41%0. 4410. 7991. 11 MARRIOTT 60%0. 4410. 7991. 47 Ke = rf + Beta * (MRP) Rf=8. 95%(U. S. Government Securities Interest Rate) MRP=7. 43%(Exhibit 5) Ke = 8. 95% + 1. 47 * ( 7. 43%) Ke=0. 20 WACC = (1 ââ¬â 0. 44) * 0. 1025 * 60% + 0. 2 * 40% WACC=0. 1139 The Weighted Average Cost of Capital for Marriott Corporation is 11. 9% a)What risk free rate and risk premium did you use to calculate the cost of equity? Risk free rate â⬠¢30 years Maturity U. S. Government Interest Rate (8. 95%) Risk Premium â⬠¢Spread between S 500 Composite returns and long-term U. S. government bond returns between 1926-87 (7. 43%) b)How did you measure Marriott's cost of debt? I calculated Marriott's cost of debt adding Marriottââ¬â¢s debt rate premium above government (1. 30%) to the 30 years Maturity U. S. Government Interest Rates (8. 95%). 4)What ty pe of investments would you value using Marriott's WACC?I will use Marriottââ¬â¢s WACC to evaluate projects that do not refer to a single division. This can be projects that add are related to the whole company and affect each division. In example, a project related with branding that will increase Marriott overall reputation and value 5)If Marriott used a single corporate hurdle rate for evaluating investment opportunities in each of its lines of business, what would happen to the company overtime? Using a single corporate hurdle rate for evaluating investment opportunities in each of its lines of business will lead to accept bad projects and reject profitable projects.In the case that the IRR of the return was slightly above Marriott WACC you would accept the divisionââ¬â¢s project although you might be operating bellow the divisionââ¬â¢s WACC and loosing money. 6)What is the cost of capital for the lodging and restaurant divisions of Marriott? In order to calculate the c ost of capital for the lodging and restaurant divisions I will use the same formulas than in question 3. Hotels ReturnEq. BetaLeverageRevenuesAsset Beta HILTON HOTELS CORPORATION13. 30. 7614%0. 770. 697 HOLIDAY CORPORATION28. 81. 3579%1. 660. 435 LA QUINTA MOTOR INNS-6. 40. 8969%0. 170. 397 RAMADA INNS, INC. 11. 71. 3665%0. 50. 667 Average0. 549 Restaurants ReturnEq. BetaLeverageRevenuesAsset Beta CHURCHââ¬â¢S FRIED CHICKEN-3. 21. 454%0. 391. 417 COLLINS FOODS INTERNATIONAL20. 31. 4510%0. 571. 365 FRISCHââ¬â¢S RESTAURANTS56. 90. 576%0. 140. 550 LUBYââ¬â¢S CAFETERIAS (Operates cafeterias. ) 15. 10. 761%0. 230. 756 McDONALDââ¬â¢S22. 50. 9423%4. 890. 805 WENDYââ¬â¢S INTERNA TIONAL4. 61. 3221%1. 051. 149 Average1. 007 LodgingRestaurant D/V50. 0%75. 0% E/V50. 0%25. 0% Tc44%44% Kd10. 05%8. 70% Rf8. 95%6. 90% Rprem1. 10%1. 80% Ke15. 31%29. 74% Eq. Beta0. 8562. 696 Asset Beta0. 5491. 007 Rf8. 95%6. 90% EMRP7. 43%8. 47% Sales % from total41. 00%13. 00% WACC10. 6%11. 08% a)What risk-free rate and risk premium did you use in calculating the cost of equity for each division? Why did you choose these numbers? Risk free rate Lodging division â⬠¢30 years Maturity U. S. Government Interest Rate (8. 95%) â⬠¢Is a long-term investment Risk Premium Lodging division â⬠¢Spread between S&P 500 Composite returns and long-term U. S. government bond returns between 1926-87 (7. 43%) â⬠¢Is a long term investment Risk free rate Restaurantsââ¬â¢ division â⬠¢1 year Maturity U. S. Government Interest Rate (6. 90%) â⬠¢Is a short-term investment, and the next available option is a 10 years rate which is too long.Risk Premium Restaurantsââ¬â¢ division â⬠¢Spread between S&P 500 Composite returns and short-term U. S. Treasury bill returns: between 1926-87 (8. 47%) â⬠¢Is a short-term investment, and I used a 1 year Maturity U. S. Government Interest Rate as the risk free rate. b)How did you measure the cost of debt for each division? Should the debt cost differ across divisions? Why? I calculated each divisionââ¬â¢s cost of debt adding the divisionââ¬â¢s debt rate premium above government to the U. S. Government Interest Rates that best represented the divisions behave. Risk free rate Lodging division 30 years Maturity U. S. Government Interest Rate (8. 95%) Risk free rate Restaurantsââ¬â¢ division â⬠¢1 year Maturity U. S. Government Interest Rate (6. 90%) The debt cost should differ across divisions because each one operate as independent business with different behavior. c)How did you measure the beta of each division? In order to measure the beta of each division, I got the average Asset Beta of the companies that where more similar to the division, and I leverage it with the capital structure of the particular division. 7)What is the cost of capital for Marriott's contract services division?How can you estimate its equity cost of capital without publicly traded comparable companies? In order to calculate t he cost of capital for the contract service division I will use most of the formulas I stated on question number three. Additionally, as we do not have data of similar companies that we can use to extract the contract service divisionââ¬â¢s Asset Beta, I will calculate the WACC for the contract service division using the following formula: Marriottââ¬â¢s Asset Beta = (Lodging Asset Beta * divisionââ¬â¢s % of total sales) + (Restaurants Asset Beta * divisionââ¬â¢s % of total sales) + (Contract services Asset Beta * divisionââ¬â¢s % of total sales)Cleaning the equation in function of the Contract services Asset Beta, you find the Contract services Asset Beta. MarriottLodgingRestaurantContract Services D/V60. 0%50. 0%75. 0%60. 0% E/V40. 0%50. 0%25. 0%40. 0% Tc44%44%44%44% Kd10. 25%10. 05%8. 70%8. 30% Rf8. 95%8. 95%6. 90%6. 90% Rprem1. 30%1. 10%1. 80%1. 40% Ke19. 87%15. 31%29. 74%21. 91% Eq. Beta1. 4700. 8562. 6961. 772 Asset Beta0. 7990. 5491. 0070. 964 Rf8. 95%8. 95%6. 90%6. 90% EMRP7. 43%7. 43%8. 47%8. 47% TA %100. 00%41. 00%13. 00%46. 00% WACC11. 39%10. 46%11. 08%11. 55% The contract serviceââ¬â¢s WACC is 11. 55%
Saturday, January 4, 2020
German for Beginners Learning Tips
Here are some study tips and practical advice to help make your learning of German more effective: Use Your First Language to Learn the Second German and English are both Germanic languages with a lot of Latin and Greek thrown in. There are many cognates, words that are similar in both languages. Examples include: der Garten (garden), das Haus (house), schwimmen (swim), singen (sing), braun (brown), and ist (is). But also watch out for false friends ââ¬â words that appear to be something theyre not. The German word bald (soon) has nothing to do with hair! Avoid Language Interference Learning a second language is similar in some ways to learning your first, but there is one big difference. When learning a second language (German), you have interference from the first (English or whatever). Your brain wants to fall back on the English way of doing things, so you have to fight that tendency. Learn Nouns With Their Genders German, like most languages other than English, is a language of gender. As you learn each new German noun, learn its gender at the same time. Not knowing whether a word is der (masc.), die (fem.) or das (neut.) can confuse listeners and makes you sound ignorant and illiterate in German. That can be avoided by learning das Haus rather than just Haus for house/building, for example. Stop Translating Translation should only be a temporary crutch! Stop thinking in English and trying to do things the ââ¬Å"Englishâ⬠way! As your vocabulary grows, get away from translating and start thinking in German and German phrases. Remember: German-speakers dont have to translate when they speak. Neither should you! Learning a New Language Is Learning to Think in a New Way Das Erlernen einer neuen Sprache ist das Erlernen einer neuen Denkweise. - Hyde Flippo Get a Good German-English Dictionary You need an adequate (minimum 40,000 entries) dictionary and you need to learn how to use it! A dictionary can be dangerous in the wrong hands. Try not to think too literally and dont just accept the first translation you see. Just as in English, most words can mean more than one thing. Consider the word ââ¬Å"fixâ⬠in English as one good example: ââ¬Å"fix a sandwichâ⬠is a different meaning than ââ¬Å"fix the carâ⬠or ââ¬Å"hes in a fine fix.â⬠Learning a New Language Takes Time Learning German ââ¬â or any other language ââ¬â requires a long period of sustained exposure to German. You didnt learn your first language in a few months, so dont think a second one will come any faster. Even a baby does a lot of listening before talking. Dont get discouraged if the going seems slow. And use all the resources at your disposal for reading, listening, writing, and speaking. The United States is the only country where people believe you can learn a foreign language in two school years. - Hyde Flippo Passive Skills Come First A period of listening and reading is important before you can expect to use the active skills of speaking and writing. Again, your first language was the same way. Babies dont start talking until theyve done a lot of listening. Be Consistent and Study/Practice on a Regular Basis Unfortunately, language is NOT like riding a bicycle. Its more like learning to play a musical instrument. You DO forget how to do it if you get away from it too long! Language Is More Complex Than We Realize Thats one reasonà computers are such lousy translators. Dont worry about all the details all the time, but be aware that language is much more than just stringing a bunch of words together. There are subtle things we do withà languageà that even linguists have difficulty explaining. Thats why I say, Learning a new language is learning to think in a new way. Sprachgefà ¼hl You have to develop a feeling for the language to master German or any language. The more you get into German, the more this hard-to-describeà Sprachgefà ¼hlà should develop. Its the opposite of a rote, mechanical, programmed approach. It means getting into the languages sound and feel. There Is No Right Way German has its own way of defining words (vocabulary), saying words (pronunciation), and putting words together (grammar). Learn to be flexible, to mimic the language, and to acceptà Deutschà the way it is. German may do things differently from your point of view, but it isnt a matter of right or wrong, good or bad. Learning a new language is learning to think in a new way! You dont really know a language until you can think (and dream) in that language. Dangerous! - Gefà ¤hrlich! Some things to avoid: Avoid the most common beginners mistakes.à Dont be overly ambitious. Set realistic goals and take things one step at a time. Our lessons are designed that way.Dont try to pretend you are a native speaker of German (Muttersprachler) when you arent. That means avoiding jokes, swearing and other linguistic minefields that can make you sound and look foolish.One more time: Stop translating! It gets in the way of real communication and should be left to skilled professionals.Also one more time: A dictionary is dangerous! Verify meanings by also looking up the word or expression in the opposite language direction. Recommended Reading How To Learn a Foreign Languageà by Graham Fuller (Storm King Press)German Grammar Book: Deutschà machtà Spaß by Brigitte Dubiel Special Resources Online Lessons:à Our freeà German for Beginnersà course is available online 24 hours a day. You can start with Lesson 1 or select any one of the 20 lessons for review.Special Characters:à Seeà Can Your PC Speak German?à andà Das Alphabetà for information about typing and using uniquely German characters such as à ¤ or ß.Daily German 1:à German Word of the Day for beginnersââ¬â¹Daily German 2:à Das Wort des Tages for intermediate, advanced learners
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