Capital Budget Essay Example for Free

Capital Budget Essay Looking at River County plan for several capital acquisitions for the coming year which include the purchase of two new garbage trucks at $150,000 each, one new bulldozer at $240,000, three new riding lawn mowers at $16,000 each, and construction of an activity center in the part for $650,000. The expected lifetime of the various capital items is 10 years for the garbage trucks, 8 years for the bulldozer, 5 years for the lawn mowers, and 40 years for the activity center. Due to the current credit rating of River County, River County was approved for a 6% interest rate on all vehicles and lawn mowers, and a 3% interest on the activity center. The total cost to finance both garbage trucks for one year is $20,380.19 and the total cost is $203,801.90 for 10 years. The yearly cost to finance the bulldozer is $38,648.63 and the total cost is $309,189.04 for 8 years. The total cost of financing all three lawn mowers for a year is $11,395.03 and the total cost for 5 years is $56,975.15. The yearly cost to finance the activity center is $28,120.55 and the total cost is $1,124,822.22 for 40 years. The total cost for the capital budget from year 1 to year 5 will be $126,664.95. The total budget cost from year 6 to year 8 will $115,269.92 and from year 9 to 10 $76,621.29. From year 10 unto year 40, the budget would be $28,120.55 for the activity center. However, River County would pay off the lawn movers in 5 years, bulldozer in 8 years, and garbage trucks in 10 years the issue of depreciation stills needs to be addressed. The current value of the equipment would need to be appraised to determine if it is still operational according to River County standards, or do the equipment need to be replaced. If River County decides to replace the equipment then the revenue from the savage would be used to re-invest in to new equipment and the capital budget would be updated. With the current River County budget the tax revenues received from the county would be more than sufficient, but if there is a budget short fall, River County could issue 5 year municipal bonds to cover the cost. Reference: Finkler, S.A. (2010). Financial management for public, health, and not-for-profit organizations (3rd ed.). Upper Saddle River, NJ: Pearson Prentice Hall Martinson, O. B. (2002). A look at cost accounting in the service industry and the federal government.The Journal of Government Financial Management, 51(1), 18-25. Retrieved from http://search.proquest.com/docview/222373894?accountid=32521 Rodriguez, J. F. (1994). Sound principles: New adaptations. The Government Accountants Journal, 43(3),35. Retrieved from http://search.proquest.com/docview/222431343?accountid=32521

Are We in a Post-Modern Age? Essay -- Post-Modernity

This paper answers the question: Are We in a Post-Modern Age? Post-Modernism can be described as a particular style of thought. It is a concept that correlates the emergence of new features and types of social life and economic order in a culture; often called modernization, post-industrial, consumer, media, or multinational capitalistic societies. In Modernity, we have the sense or idea that the present is discontinuous with the past, that through a process of social, technological, and cultural change (either through improvement, that is, progress, or through decline) life in the present is fundamentally different from life in the past. This sense or idea as a world view contrasts with what is commonly known as Tradition, which is simply the sense that the present is continuous with the past, that the present in some way repeats the forms, behavior, and events of the past. I would propose that traditional ways of life have been replaced with uncontrollable change and unmanageable alternatives, but that these changes and alternatives eventually create something that may result in the society that traditionalists actually seek after; the balance between Nature and Technology. Modernity itself is merely the sense that the present is a transitional point, not focused on a clear goal in the future but simply changing through forces outside our control. I will first describe how "Modernity" came about, and then to indicate some of the features for which "Post-Modernity" is meant to be a reaction, response or addition to modernization. Beginnings of Modernity: First, I aim to give a broad historical picture against which we may understand the rise of Modernity as an idea related to science and society or as a framework for a view of rationality. We know that we experience change as either progress or transition, that is, we view our historical situation and our lives presently as deriving meaning and value in some unrealized future. The shift from Renaissance humanism to Modern rationalism can be understood in terms of four shifts: (1) from an oral culture in which the theory and practice of rhetoric played a central role to a written culture in which formal logic played a central role in establishing the credentials of an argument; (2) from a practical concern - with understanding and acting on particular cases to a more th... ...spicious of the belief in shared speech, shared values, and shared perceptions that some would like to believe form our culture but which in fact may be no more than empty, if necessary, fictions. I believe we should be committed to salvaging what we can of the ideals of Enlightenment and Modernity. We need to stay open to all valid claims of reasoning, knowledge, spirit, tradition, and humanity; for we are not, and cannot be, all knowing in this life. To be focused so completely upon Post-Modernism or Modernity, suggests that we can somehow define a group, any group, in the sense of its cultural essence; which is not in truth completely possible or even wise. Are we in a Post-Modern Age? I would say yes as a defined theory or word, but in the reality of man and life, the answer is No. Man is continually changing and adapting and for ever continuing to progress in spirit, technology, and social/cultural adaptation. Whatever age we are presently in, we are modern compared to the one before, each age lives its own Modernity; each era obligated to find its own balance between Nature and Technology, Tradition and Progress; a continuous cycle until the end of man.

Persuasive Student Parking

Dear Principal, I am writing to let you know that I am completely happy with the recent policy of numbered parking spaces. Parking at school is much more convenient now, and knowing the school has more information about parking lot activity is great. I am also very pleased that I have no longer been tardy or searched for an open space. It truly has been better with this rule in effect. First of all, the school should have knowledge about what is happening in the parking lot. Knowing where each student's designated parking spots are prevents vandalism. It also prevents the students from skipping class because the faculty can check if your car is in the designated parking space. In the same way it is nice for the staff to know where each student car is, it is just as great for me to know exactly where im going. I no longer have to drive in circles around the lot, searching for an open space. Stepping into the crisp, bitter cold in the morning is bad enough, staying in it even longer than necessary is just plain awful. Which bring me to my last point. I have not been tardy since the new parking rules. The traffic has been cut down tremendously, allowing me to get to my parking space very quickly. I no longer feel rushed or overwhelmed that i will be late, and that is a great way to start the day. As a result of reading the previous information, i urge you to please keep this rule enforced. I think the benefits you and the staff have recieved from knowing where each students car is just as great as the students starting off the morning going directly to their spot and getting to class on time! Thank you for your time and attention

Literary Analysis of The Rape of the Lock Essays

Author and his times: Alexander Pope was born in London in 1688. Because he was a Roman Catholic living in a predominately Protestant society, he was largely excluded from the university system and therefore was self-taught, for the most part. At the age of twelve, he contracted tuberculosis, a disease that left him stunted and misshapen. Consequently, he suffered a great deal of emotional trauma and social anxiety. His only tool for interaction was his incredible wit and talent for writing. He soon formed a number of lifelong friendships in Londons prestigious literary circles, and found his happiness there. Pope is probably the most famous writer from the Age of Reason, and his works are the most widely studied form this time†¦show more content†¦Characters: The characters in this short poem are all intentionally made to be flat, as this would add to the satire of their elite society. They are almost too ridiculous and absurd to be believable, yet history proves tha t these people really existed. There is no clear protagonist, although Belinda is the main character. -Belinda is the incredibly superficial, typical Belle. She is young and beautiful, and adored for her looks by all who behold her. Fair Nymphs, and well-drest Youths around her shone, but evry eye was fixed on her alone.(II, 5-6) The most grave concern in her petty life is her performance in a silly card game and her social engagements. -The Baron was also a member of the elite society, and is portrayed as a fickle, foppish kind of man with too little to do. :He had implord Propitious Heavn, and evry Powr adord, but chiefly Love--to Love an altar built...(II, 35-37) in order to insure the success of his rape of Belindas lock. Immediately before this he had built a pyre sacrificing all the trophies of his former loves. This was done to show what a fickle and affected man he is. -The Machinery in the poem refers to all the nymphs, sylphs, gnomes, and other supernatural beings who aid of terrorize the characters. Sylphs are the most common. They are ageless and can assume either sex whenever they please. Their purpose is to protect the chastity of fair young Belles like Belinda. TheShow MoreRelatedAnne Finchs Opposition to The Rape of the Lock Essay examples1412 Words   |  6 PagesThe Rape of the Lock The Restoration Period (1660-1700) was a period of social, political and philosophical turmoil, which laid the foundation for future centuries. This period was marked by an advance in colonization and trade and by the birth of the Whig and Tory parties. In poetry, works of Alexander Pope and Anne Finch and a number of other poets distinguishes the Restoration. 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