Te The Drink That Changed The World - 1719 Words

According to Laura C. Martin, in the book, â€Å"Tea: the Drink that changed the World,† tea is an aromatic beverage widely consumed around the world. The beverage is prepared by pouring boiling water over Camellia Sinensis leaves, the major tealeaves. The leaves grow in different areas in Asia, but most notably in Chian and India (Martin, 2007). There are a variety of tea flavors. For example, Darjeeeling and Chinese green tea have a bitter flavor, while other teas have sweet, grassy or floral flavor (Teavana, 2015). The Historian John Griffiths explains that upon the European colonization of North America, the colonizers introduced tea to the colonies (Griffiths, 2007). He continues that tea appealed to all classes and has easily adapted to†¦show more content†¦All of a sudden, a light breeze caused little leaves to fall into the water. The emperor tasted the water and found it delicious (Higgins Burke, 2014). Tea became an essential beverage in China. While the s tory of tea indicates that tea was introduced from Ancient China, tea has been a crucial trade product that travelled through centuries to reach almost every corner in the world. Higgins and Burke argue that from China to North American, tea developed to new variations, flavors, uses, production methods, and equipment. Also, tea rituals have developed and taken a significant place in local cultures (Higgins Burke, 2014). Tea in the United States: According to the article, â€Å"About American Tea culture,† every time tea is introduced to a new country, it implicates and mutates to a new â€Å"tea culture† that deeply influences the society (bonteavant, 2012). Tea is probably the only beverage that spurs dramatic change in the societies to which it is introduced providing propulsion for poetry, meditation, civil disobedience, economic shifts, social and spiritual rituals. Also, tea has greatly been valued as a medicine or even used as currency or as food (Bonteavant, 2012). The article mentions how tea has enhanced American economy as well as the social and physical health of the society

Coperate Finance Example

Essays on Coperate Finance Essay Coperate Finance Co-operate Finance The Butler Lumber Company will require $ 645,000, which will enable the company to expand its sales due to shortage of cash. The company’s management needs this amount since its sales is anticipated to increase in the spring of 1991. The amount requested by the company was further supported by the increase in the volume, of sales as shown by operating statements for the years 1988-1990 and for the three months ending March, 1991. The Company has negotiated with the new financial banking institution, which will be, able to give the company the cash they need in the form of secure loan. The manager of the Butler Lumber Company has approached the Northrop National Bank which will extend its line of credit to the company. The Company loan request was boosted by the ready market for its products at all times and the fact that the sales prospect was favorable. The report by the bank investigator that the company‘s sales was expected to hit the projected target of $ 3.6 million in 1991 and was likely to supersede the target also boosted the confidence of the bank to give the loan to the company (Ehrhardt, 2008). The trade discounts will help the Butler Lumber Company to expand its business due to increased company’s accounts and notes ,which are, payable in the spring of 1991. This is further favored by the attractive terms of purchase in the trade discounts, which gave a discount of 2% for the payments made within 10 days of the invoice date. The trade discounts play a crucial role in ensuring that the company’s working capital is maintained thus favoring the company’s request for loans. The company will also not incur losses as the trade discount ensures that the risks are spread and even if the customers delay, the business is cushioned from such eventualities (Ehrhardt, 2008). The trade discounts will also, play a role in times of economic downturn, which will decrease, the number of sales by the company as it will enable the company to foresee the possible causes and avert them before they cause any harm to the business. The trade can help to lower the operational c osts of the business thus will enable the Butler Lumber Company to expand its business and save its working capital which is attractive to the lending institutions. As a result, of giving customers trade discount, the customers are tempted to buy more and more goods thus, increases the sales of the company, which will maintain, the loan the loans from the banks (Ehrhardt, 2008). The trade discounts will enable the company become financially feasible thus giving the bank real analysis of the possibility of extending the credit facility to the company. Trade discounts also boost the company’s balance sheet as the customers will pay their invoice earlier. Furthermore, trade discounts will enable the company to easily access bank loans, or lines of credit thus carrying less burden of debt, which will make them easy to repay their loan in time. The discounts will enable the company’s accounts grow and be able to pay the oldest payable first as the accounts receivable are collected (Ehrhardt, 2008). Mr. Butler should seek revolving loan, which he will commit himself on the time he need to repay the loan to the bank and the maximum amount of funds he needs. This is because the company meets the seasonal requirements on the repayment period and the maximum amount needed by Mr. Butler. Unlike the unsecured loan, requested by Mr. Butler from the Northrop National Bank, revolving loan is used to fund permanent working capital requirements when equity and trade credit are limited to support the company’s sales volume. Furthermore, the revolving loan can be in the form of secure or insecure loan (Ehrhardt, 2008) References Ehrhardt, M. Brigham, F. (2008). Corporate Finance: A Focused Approach. New York, NY: Cengage Learning.

Should Everyone Undertake University Free Essays

ASSIGNMENT: REFERENCED ESSAY TITTLE: EDUCATION TOPIC 1: SHOULD EVERYONE BE REQUIRED TO UNDERTAKE A UNIVERSITY EDUCAtion DATE: 6 JANUARY 2013 In modern life, many students choose to enter university or college after they have graduated high school because higher education is a good environment to prepare for their future. However, some others think that it is only one of causes to increase the rate of unemployment, while they just need to follow vocational training or start working to improve their skills. This essay argues that everyone should be required to undertake a university education because it gives benefit to individuals such as career opportunities with higher earnings and social benefits. We will write a custom essay sample on Should Everyone Undertake University or any similar topic only for you Order Now One of the main reasons why people should go to university is because it is a personal investment that can improve their life’s quality in the future. In higher education, people not only learn the knowledge from books but they also acquire what they need to know for their future life. Potter (2006) states that â€Å"university graduates also enjoy lots of other non-market benefits, including a lifetime of better mental and physical health, stronger social networks, and higher social status†. Indeed, university education provides many opportunities and benefits. Firstly, higher education provides career opportunities for students because they can get more knowledge and experience for their jobs in the future. Lederer (2010) mentions that university students will have lower unemployment rates in an economic downturn. This means as job markets are growing up, there are hundreds of applicants for one position in a company so if people do not have a qualification from university or college, it will be hard for them to be accepted. Furthermore, individual income is also strongly related to education attainment. People who graduate higher education may earn more than others so they will have more employer provided health and pension benefits. For example, according to Baum (2007) â€Å"the typical bachelor’s degree recipient can expect to earn about 61% more over 40 years working life than the typical high school graduate earning over the same period†. Some students believe that vocational training might be seen alternative program for university. However, they can still find a good job, their company will require college or university experience if they want to have a higher salary. Finally, higher education is where students build connected networks. They may meet friends and mentors that become a future contact and colleagues from all activities when learning including volunteer work, summer jobs or student organizations. The author in the article â€Å"building rapport-establishing bonds† states that developing professional connection is a skill that everyone can learn and can use easily. They can use it to bring countless opportunities to be successful. Consequently, studying higher education will make more new opportunities for student to have a better life and prepare for their career. Next, undertaking university education is not just benefitcal for individual students but also beneficial to the whole society. People, who have higher learning, will have awareness and responsibility for their life. Firstly, going to university is related to economic advantages of society. Baum (2007) presents: â€Å"higher levels of education lead to both higher of earning for individuals and higher taxes revenues for federal, state, and local governments†. University graduates not only pay more taxes with higher income, but they also tend to have better health and depend less on government programs and spend more leisure time with their family or on civic activities. Moreover, students who have higher education will have more knowledge and awareness in life choices and can more easily to avoid lack of money and will become a criminal. According to Dr. Hill (2005), educational attainment may lead to less criminal behavior and lower imprisonment rate. Thus, the number of criminals will decline so human life will be happier and people no longer worried about things such as phishing, theft or violence. Higher education is a good way to help develop the economy and society. In conclusion, everyone should be required to undertake university education because students can have the opportunity to prepare for their jobs, creating career opportunities and higher income in the future. This leads to better individual life’s quality and give more benefits for society. Overall, from reasons above, students should be encouraged to go to university to get better life and better country. REFERENCE LIST: Baum and Payea, 2005, ‘the benefits of higher education for individuals and society’, College Board, vol. 1, page 10 and 16, viewed 6 January 2013 http://www. collegeboard. com/prod_downloads/about/news_info/trends/ed_pays_2007. pdf ‘Building rapport-establishing bonds’, mind tools, viewed 6 January 2013 http://www. mindtools. com/pages/article/building-rapport. htm Hill Ph. D, Hoffman Ph. D and Rex MBA, 2005, ‘the value of higher education: individual and societal benefit’, school of business, vol. , page 24, viewed 6 January 2013 http://wpcarey. asu. edu/seid/upload/Value%20Full%20Report_final_october%202005a. pdf Lederer, J 2010, â€Å"Job Growth: Why increasing education attainment is so important for creating jobs†, Washington Higher Education Coordinating Board, viewed 6 January 2013 http://www. wsac. wa. gov/sites/default/files/TAB7A-JobGrowthPresentation. pdf Potter, A 2006, â€Å"should everyone go to university? †, reading pack, vol. 6, viewed 6 January 2013 http://www. macleans. ca/education/universities/article. jsp? content=20061113_136513_136513 How to cite Should Everyone Undertake University, Papers