Sociolinguistics of Australian English Essay -- Essays Papers

Sociolinguistics of Australian English Behind every language lies a fascinatingly intricate structure, which contains much more than a simple set of symbols. Language is not merely a code used to switch a text from one idiom to another, but an entity with its own complex, intriguing characteristics. In fact, exact translations do not even exist from one language to another because every dialect possesses unique aspects that have come about from centuries of social change and interaction. In return, language, through everyday speech, as well as literature, shapes society. Therefore, â€Å"language is one of the most powerful emblems of social behavior.†[1] From this idea emerged sociolinguistics, one of the most important fields of study in today’s world of increasing international relations. Sociolinguistics studies the relationships between the way a society functions and its language. Areas of the field include, but are certainly not limited to, pidgins and creoles, gender relations, eco nomic status, and age. Researchers examine both the effects of social factors on language, and the effects of language on society. The contemporary world is bringing many people of different cultural and linguistic backgrounds together, perhaps more than any other period of history. Thus, the study of fields such as semiotics, linguistics, and sociolinguistics is crucial to gain a better understanding of how languages are created and how they bring meaning to the world. Australian English, referred to hereafter as AE, exemplifies the mutual influence exerted upon language and society. AE is not only a unique manner of speaking, even from other English dialects, but also an entirely distinct manner of individ... ... English. Sydney: Reed Education, 1972. 67. [13] Seal, Graham. The Lingo: Listening to Australian English. Sydney: Univeristy of New South Wales Press, 1999. 23. [14] Horne, Donald. Forward. Macquarie Dictionary. 2nd ed. Arthur Delbridge et al, eds. McMahons Point, New South Wales: Macquarie Library, 1991. [15] Mitchell and Delbridge 44. [16] Keesing, Nancy. Lily on the Dustbin: Slang of Australian Women and Families. Ringwood, Victoria: Penguin Books, 1982. [17] Pauwels, Anne. â€Å"Gender Differences in Australian English.† Language in Australia. Ed. Suzanne Romaine. Cambridge: Cambridge University Press, 1991. [18] Turner 34. [19] Mitchell and Delbridge 5. [20] Bernard and Delbridge. [21] Bernard and Delbridge. [22] Turner 11. [23] Adams, Phillip. â€Å"US ‘R Us.† City Weekly. 24 July 2003. [24] Horne xi.

Aapl Valuation Fcff Essay

Our modern economy relies upon the technology sector to improve quality, productivity, and profitability. Apple’s first computer was developed around the 1970’s. Since then they have surpass one of its biggest competitors Microsoft (MFST). Apple is not only known for its great designs, fun, and intuitive products. Their products have been productive and created a vast profitability for the private sector. Furthermore, there is no stopping point for Apple, it will continue to grow and generate wealth. There have been various events since Apple went public that have generated high returns due to the volatility of the chaining computer industry. Therefore, I believe Apple is in high growth stage, due to the many new innovations that have came out and are about to come out such as: the Iphone 5, new Ipad Mini, and a new line of Mac computes due out in 2013. Data: To evaluate Apple’s stock, I have chosen to use the Free Cash Flow for the Firm model (FCFF). This model is a measurement of the financial performance of a company that articulates the cash generated from the firm, which is then subtracted by the firm’s expenses, taxes, Net Working Capital, Depreciation, and Capital Expenditures. In essence, this formula is a measurement of the company’s profitability after all expenses and reinvestments. The data that I have collected to provide a future evaluation of Apple’s stock is as stated. The data began at the end of 2011 and is all expressed as millions. CAPEX was $11,768, Depreciation was $3,991, EBIT was $33,790, NWC was $17,018, total liabilities were $39,756, the number of shares outstanding were 937. 4, and the parameters given for the High growth and Low growth were Tax rate as 34%, Treasury bills were 2. %, Market Risk-Premium was 4%, and the high growth period is for 8 years; therefore, from 2012 to 2019 Apple is under high growth at 5. 5% and for 2020 apple stabilizes at 3%. Moreover, the bounds that were provided for high growth were as stated. The Debt-Equity ratio was 40%, which is used to find the weight of debt (Wd) and weight of equity (We). Lastly, the cost of debt (Kd) given is 4. 75% and the current Beta was founded through Scottrade a nd was . 86. However, for stable growth the data differed. Such as the Beta, which was 4/5 of the high growth Beta, Debt-Equity ratio is 25%, and the cost of debt (Kd) is 4. 25%. All in all, the FCFF model will provide the intrinsic value of the firm and of the stock; therefore, it will be compared to the current market price of the stock. Results: The projections, along with the formulas used, for the evaluation of Apple ‘s stock can be found in the Excel worksheet provided. First, I will go over the results for the high growth phase. For instance using the Debt-Equity ratio, the weights for debt and equity were 28% and 71%. Since the ratio was given and not a percentage expressed as weight, Wd+We=1 was used to find the weights. These weights are realistic in terms that Apple does contain too much L. T. debt. From there the CAPM model was used to solve for the (Ke), which was 5. 94%. Also, the Weighted Average Cost of Capital (WACC) was founded using the above constraints. This was 5. 14%, which states that Apple does not require a high rate of return for future mergers or expansions. This also provides the interests that Apple has to pay for every dollar it finances. Lastly, by using one of the major valuation models, such as the DCF, the Present Value, which identifies the intrinsic value of the company, was founded for each high growth year. Second once Apple stabilized after year 2019, the prediction of growth is 3%, and Beta was projected to be . 96. Again, by using the boundaries stated above: the (Ke), weight of equity/debt, and WACC were as follow 6. 34%, 80%, 20%, and 5. 63%. These numbers were somewhat similar to its high growth stage; therefore, signifying Apple is still a strong company once it stabilizes. Yet, another reason why Apple can provide such attractive returns. Conversely, finding the Terminal Value (Pt) of the company, which is the value of the company at a future year, projected the PV for stable growth, in this case it was 2020. The (Pt) was over $1 billion, yet again another reason why Apple creates a great investment opportunity. Moreover, by adding all of the PV, including the stable growth year, the intrinsic value of the firm is over $966 million and minus the current value of debt, Apple is still worth (value of equity) over $926 million. This equity divided the current number of shares outstanding; Apple’s intrinsic value of stock is $988. 80 per share. By comparison the current stock price, which is $649. 79 per share, the stock value is undervalued. Likewise, making (AAPL) a rewarding opportunity that must not be taken for granted. Conclusion With outstanding projections by Apple my recommended strategy is simple and involves options. Reason being is that orthodox investments do not provide great returns in a volatile market. Therefore, by evaluating apple now considering future parameters, trading Apple as an option will provide attractive returns. Since Apple growths rate is far greater than its P/E ratio, its long-term trend will be positive; therefore, making it an attractive somewhat safe bet. For instance, buy several calendar spreads at a strike below, at, and above the stock price. If (AAPL) moves between $10-$15 higher then sell the lowest strike spread, and replace it with a higher one around $4 to $6 more than the one sold. This should be reverse if the stock price falls in price. All in all, this is a daily trade strategy, yet it has the potential to provide good returns since the day rate for the short weeks is greater than monthly decay rates.

Nikola Tesla Essay - 1096 Words

Nikola Tesla I do not think there is any thrill that can go through the human heart like that felt by the inventor as he sees some creation of the brain unfolding to success... such emotions make a man forget food, sleep, friends, love, everything. Nikola Tesla Few people know his name today, and even those who do the words Nikola Tesla are likely to come up with the image of a crackpot rather than an authentic scientist. Nikola Tesla was possibly the greatest inventor the world has known. He was is without a doubt a genius who isn’t only credited with many devices we use today, but is also credited with astonishing, sometimes world transforming that are even amazing by today’s standards. Nikola Tesla (born 10 July 1856†¦show more content†¦The two worked together for a period of time before parting ways due to a conflicting business-scientific relationship, attributed by their different personalities. While Edison was a power figure who focused on marketing and financial success, Tesla was a commercially out-of-tune and somewhat vulnerable, yet extremely pivotal inventor, who pioneered some of histories the most important inventions. His inventions include the Tesla coil, developed in 1891, and an alternating-current electrical system of generators, motors and transformers, both of which are still used widely today. On the AC electrical system alone, Tesla held 40 basic U.S. patents, which he later sold to George Westinghouse, an American engineer and business man who was determined to supply the nation with the Teslas AC system. He would succeed in doing just that, not long after purchasing Teslas patents. Around this time, conflict arose between Tesla and Edison, as Edison was determined to sell his direct-current system to the nation. According to the Tesla Memorial Society of New York, Tesla-Westinghouse ultimately won out because Teslas system was a superior technology, presenting greater progress of both America and the world than Edisons DC system. Outside of his AC system patents, Tesla sold several other patent rights to Westinghouse. On 30 July 1891, at the age of 35, Tesla became a naturalized citizen ofShow MoreRelatedNikola Tesla Essay1550 Words   |  7 PagesNikola Tesla was born midnight on July 10, 1856, in Smiljan, Lika, which at that time was part of the Austrian-Hungarian Empire, which is now known as Croatia. His father was named Milutin Tesla and he was a Serbian Orthodox Priest. Djuka Mandic was his mother and she invented household appliances. Tesla was the fourth child of five, having one older brother and three younger sisters. In 1873, Tesla studied at the the Polytechnic Institute in Graz, Austria and the University of Prague. At firstRead MoreEssay On Nikola Tesla1458 Words   |  6 PagesNikola Tesla (1856-1943) was an inventor and is responsible for the world as we know it. He developed alternating current, the Tesla coil, and wireless connectivity. Today he is regarded as one of the most important geniuses in history, but while he was alive, his ideas were largely unsupported. Tesla was born in Smiljan, Yugoslavia (modern-day Croatia) on July 10, 1856. He went to primary school, where he learned subjects such as arithmetic, religion, and German. From a very early age, Tesla wasRead MoreEssay Nikola Tesla1035 Words   |  5 PagesNikola Tesla is regarded as one of the most brilliant inventors in history. His work provided the basis for the modern alternating current power system, as well as having developed both radio and the fluorescent light bulb. He worked with Thomas Edison and George Westinghouse, among others. He was also widely misunderstood by his peers and the public at large. 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