Haber Bosch Process Essays - Chemistry, Industrial Gases

Haber Bosch Process During the first decade of the twentieth century the world-wide demand for ammonia for use in fertilisers (in the form of nitrates) and in the production of explosives for use in mining and warfare could only be satisfied on a large scale from deposits of guano in Chile (2). Though this deposit was of huge size (approximately five feet thick and 385 kilometres long) it represented a rapidly depleting resource when compared to world-wide demand. As a result of this there was much research into how ammonia could be produced from atmospheric nitrogen. The problem was eventually solved by Fritz Haber (1868 - 1934) in a process which came to be known as the "Haber Process" or the "Haber - Bosch Process". Haber developed a method for synthesising ammonia utilising atmospheric nitrogen and had established the conditions for large scale synthesis of ammonia by 1909 and the process was handed over to Carl Bosch for industrial development (1). the reaction is a simple equilibrium reaction which occurs in gaseous state as follows; N2 (g) + 3H2 (g) = 2NH3 (g) heat of enthalpy = -92.6 kJ/mol In predicting how to obtain the highest yield from this reaction we must refer to Le Chatlier's Principle. This states that for an equilibrium reaction the equilibrium will work in the opposite direction to the conditions forced upon it. The conditions most pertinent to the above reaction are temperature and pressure. The pressure exerted by any gas or mixture of gasses in an enclosed space is directly proportional to the number of atoms or molecules of gas regardless of their size or molecular mass. Reference to the above reaction shows that, as the reaction moves to the right the number of molecules and hence the pressure decreases. Therefore the reaction moving to the right (i.e. towards the product required) is favoured by an increase in pressure. With regard to temperature, the reaction moving to the right is exothermic i.e. it gives off energy (in the form of heat). Therefore reference to Le Chatlier's Principle shows that the reaction to the right is favoured by low temperatures. However, when Haber placed the reactants together under these conditions it was shown that the rate of reaction was so slow as to render the process unfeasible as an industrial process. This is because of an unusually high activation energy. The activation energy of a reaction is the energy required by the reactants to achieve an intermediate state required before they form the products. In the case of the above reaction the intermediate state requires the dissociation of diatomic gaseous nitrogen. The triple bond found between two nitrogen atoms when they form diatomic nitrogen is amongst the strongest chemical bonds known. this leads to an extremely high activation energy. At extremely high temperature the nitrogen molecule will dissociate and so, as the temperature approaches this point the rate at which the reaction to the right occurs and therefore the speed with which equilibrium is reached increases rapidly. Unfortunately experimentation showed that, as temperature approached the point at which the speed of the reaction was sufficient to produce a viable reaction the amount of ammonia produced was so low that the reaction was still unfeasible on as an industrial process. Faced with this failure to find conditions suitable for an industrial process Haber began to experiment to find a catalyst that would facilitate the reaction. A catalyst is a substance that reduces the activation energy of a reaction, thus increasing the speed at which the reaction occurs, or in the case of equilibrium reactions the speed at which equilibrium is reached. After hundreds of experiments Haber discovered that a fast enough reaction with a high enough yield of ammonia would occur with a pressure between 200 and 400 atmospheres and at a temperature between 670K and 920K in the presence of a catalyst of iron (in the form of iron filings to increase its active surface area) plus a few percent of oxides of potassium and aluminium. This process was first demonstrated in 1909 and patented as the Haber Process in 1910 (3). Experiments aimed at finding the most efficient conditions for the reaction have since resulted in the process described by the flow diagram in Appendix 1. The Haber process has been used since its discovery to produce ammonia which has been used predominately to produce fertilisers which have helped to feed a rapidly growing world population and has been one of the main props used to avoid world-wide famine. The increase in the use of

Custom Admission Essay

Custom Admission Essay Custom Admission Essay Custom Admission Essay Writing Online Our Essay writing service is a team of academicians. We offer professional custom essays writing services. We are able to perform for you winning custom admission essays on any topics. Custom admission essay, written by an experienced writer, will help you to gather additionally missing points in your grades. This surely increases your chance to enter the desirable college. Our team wrote hundreds of college admission essays, and they are all creative and touching. Reading your essay admission, the officer can hear your voice. The admission officer will be marveling, and ask you to read your essay writing again and again. Custom admission essay Reading custom admission essays, written by our specialists, is like returning to a good book and discovering a deeper nuance: Ordering custom entrance essay writing, you can be surely ready to occupy the first place within the best admission essays, presented by other students! We have known many students, who had to wait until the following year to apply to a graduate school because they just could not manage the essay task. It is really a problem, however, you are lucky as you can take advantages of our service and buy winning admission essays writing. Sample admission essays College entrance essay on the topic: Why Is University of Pennsylvania Good for Me? I love it here were the words I heard as a voice echoed away. My head quickly turned to see who it was, and I caught sight of a small figure jogging into the distance. A brown, busy ponytail bobbed up and down, and the red and blue P on the back gradually grew smaller and smaller. Yeah, sure I thought. You haven't spent two hours in the car smashed between your two sisters. When I got out of the car to take a deep breath and to stretch, my mother looked around and noticed tennis courts. Look, Sherice! You can play tennis in the afternoon. Do you see all the people jogging? You'd always have someone to work out with. As I looked around, I realized she was right. Although it was early on a Saturday morning, you would never know it. Scattered like ants, people were jogging with Walkmans and proudly wearing PENNT-shirts. Those walking were laughing and talking, like carefree birds flying in the sky. This is what I first remember of PENN Custom Admission Essay Assistance! Be With Us! So, dear students and all visitors of our web site! You may ask our help to write the most brilliant admission essays for you if you order your assignment at our site. Our experienced writers have learned many secrets of writing during last 8 years of our work; therefore, you may be confident they present you the best results! Interesting topics: My Dissertation Term Schools Papers about Gospel Music Islamic Religion Term Paper Business Ethics Paper Term Topics for a Research Paper

Rewriting Essay Example | Topics and Well Written Essays - 1250 words

Rewriting - Essay Example (2003, p.288) defines the term as â€Å"a collection of evidence, usually in written form, of both the products and processes of learning. It attests to achievement and personal and professional development by providing critical analysis of its contents.† Race (2007, p.58) has defined portfolio as â€Å"compilations of evidence of student’s achievements, including major pieces of their work, feedback comments from tutors, and reflective analyses by the students themselves.† These definitions clearly imply that a portfolio is nothing but an assessment tool, which is replete with several evidences of learning. That also includes critical reflection on their learning process. Moore (2009) argues that the teachers impart the information to the students and students usually listen to the talk passively. Mohanna et al. (2008) assert that currently, a new trend has set in where students are motivated to get involved, be independent and self-governing. According to Clouston (2005), onus of the learning lies on students while teachers provide an opportunity and congenial environment to facilitate learning. Crandall (1998) argues that a specific attribute of the portfolio lies in its providing an evidence of learning outcomes. A true learning is demonstrated not only by the collection of evidence in the portfolio but also how the students reflect on them. Girot (2000) stresses on the reflection part for the learning to take place and how the learning is applied in practice to reduce its gap with the theoretical aspects. Issues related to the use of portfolios in nursing education have been recorded. (Jasper,1995; Karlowicz, 2000; Harris et al. 2001). The first issue is about time factor as students consider the portfolio development a time consuming process and tend to delay its development. They prefer focusing on other course instead. Faculty too views portfolio development as a process that consumes considerable time.

English Business law Case Study Example | Topics and Well Written Essays - 1250 words

English Business law - Case Study Example een caused by communication breakdown whereby we could not directly get in touch with our members since we are still using the traditional form of communication which is the use of mail. It is our intention that we would harness the new information technology in the form of internet use so as to avoid inconveniences in the future with regards to books that end up failing to be collected by the supposed owners due to technical problems. We would also like to bring to your attention that our members are ladies in their fifties and we would like to put them in a category of old people who are no longer able bodied hence the inconvenience to respond accordingly. In some cases they would fail to get to us on time which would make us unaware of what may be taking place since it is a requirement that they should communicate with us directly should they require any changes to be made to their orders. It should also be brought to your attention that this has not been the usual way we conduct business hence accept our statement of apology. Indeed, we are currently in a financial crisis which has taken a toll on almost all facets of the economy across the board. Our organisation as well as our members have also not been spared by the tough financial crisis, the reason why some of the books may lie unclaimed at your premises. We would try to follow up on the issue since we assumed that if we do not get response from our membe rs they would have accepted their orders. We would also like to inform you that we will take appropriate action that is not in contravention with the law. It is our own knowledge that no one can operate above the law of the land and we would wish to inform you that we would take necessary measures that would ensure that we are not found at the wrong side of the law. Initially, we require our members to pay a membership fee which makes them legitimate and we would try to put measures that ensure effective communication among our members so as to avoid

Personal statment Statement Example | Topics and Well Written Essays - 500 words - 6

Statment - Personal Statement Example st me with pointers and the knowledge of how to go about using e-business and ensuring not only its success but to ensure the business gains competitive advantage by using of minimal resources and acquiring a sustainable, permanent client base in the business. My first degree has provided the economic and financial side of handling a business. This includes issues such as the external and internal factors to watch out for as well as how to invest. What type of investments to make and at what time while ensuring that I get maximum profits using minimal resources and expenditure are other tips acquired. With this background in business, I feel that the only thing I miss is the technology and global aspect of the business. With everything becoming global, I do not want to be left out and INT course will provide me with the necessary skills to fulfil this desire. One of my hobbies is to indulge in financial articles reading of success and failure stories of entrepreneurs and corporations. This has provided me with a passion to succeed and avoid the factors that may lead to failure. One greatest way of doing so is having international management knowledge and skills that will enable me be competitive in any business globally. I am a highly driven person who is self-motivated and this will enable me conduct more research on my goals while studying the International Technology Management. This research will be on global business issues and technology relevant to mu course. The research will also ensure that I am on top of the syllabus at all times and engage regularly in discussion with my professors and fellow students. One of my future goals includes owning an online business that will be dedicated to purely providing international economic, financial and technological advice to entrepreneurs and small companies. This is so because these are the majority in the market and hence the business will not lack customers. They are also the majority who are hit by economic

Breach of Contract Case Study

Breach of Contract Case Study JIGAR NAROLA       Contract breach is a breach when two parties or individuals are entitled to certain condition on working together and one of the party breaks them or does not abide to the condition. In a contract breach the innocent party can file a lawsuit against the defendant. There are a lot of case where there is a breach of contract, such cases are first handled by the trail court and later can be fought in the court of appeal if either of the parties are not satisfied with the decisions of the trail court and then if may also go further to a higher court. The U.S. court system is: An example of a case of breach of contract is the case of jerrys Hardware, L.L.C. v. Hillcrest Partners, No. 14-1625, 2015 Iowa App. LEXIS 654 (July 22, 2015) Jerrys Hardware, L.L.C. v. Hillcrest Partners In this case Jerry hardware, plaintiff, enter and signed a lease agreement were Hillcrest Partners agreed to lease a commercial space that they were planning to build. Hillcrest partners agreed to build the commercial space according to Jerrys hardwares requirements. Jerrys hardware informed Hillcrest that they were buying inventor, fixtures and electronic for the store at the rate of $100,000. Hillcrest partners neve started the construction as they were not able to acquire the required finance. The attorney of Jerrys hardware sent two letter to the defendant requesting information and explanation regarding the delay and stating that they were not interesting in terminating the contract. The second letter included the items and the loss which the plaintiff has incurred due to the failure of the defendant. Hillcrest partners did not answer any of the letters and they were also not interested in terminating the lease. To reduce the amount of loss, the plaintiff leased another complex for its store. The new location was less visiblw and it required a large amount of renovation and upgrades. It also required an upgrade in the electrical system and the paint system. The plaintiff later found that the equipment he purchased in 2010 were not up to the requirement in 2012. Later, in 2013, Jerrys Hardware files a lawsuit against Hillcrest for breach of contract. After a bench trail the court , the court found that the defendant had breached the contract and awarded the plaintiff an amount of $100,444.77 in unexpected damages, cost of new electrical systems and new paint system and the amount of new equipments. Court of Appeals Decision:       After the decision in the of the trail court, the defendant registered in the court of appeal. The court of appeal supported the decision of the trail court. The defendant argued that the contract was not enforceable as they were not able to attain finances, which was one of the condition precedent in the contract. The court of appeal stated that the contract was enforceable, the court found that keeping in mind the other conditions in the contract, nonfulfillment of condition percent only gave the defendant to terminate the contract by giving a written notice to the plaintiff, and as the defendant did not choose the option to terminate the contract, the contract was still valid. But, the court of appeal made a change in the decision that the defendant was not liable to pay for the plaintiffs damage of the property which was in the storage because it was the plaintiffs responsibility to store in a storage where Conclusion of the case: The case was a twist as condition precedent were not the condition precedent at all, in fact they were overruled due to other conditions in the contract. The district court did not abuse its discretion in its determinations on Hillcrests multiple motions to continue the trial. The court properly determined the lease agreement was enforceable between the parties. When an individual or a business is involved in a breach in contract it is liable to and entitled to provide remedy to the the non-breaching individual or business. There are different types of remedies: Damages- This is the most common remedy for a breach of contract. The breaching party has to pay the sum of loss amount of the damage incurred by the non-breaching party due to their conduct. There are many kinds of damages. Compensatory damages, is when the non-breaching party is kept in a position same as if the breach had not been occurred. Punitive damage, are the damage that the breaching party must pay to the non-breaching party in full. This remedy is used when the breach is done in wrong full manner. Nominal damage, is the remedy in which the breach party has to pay a nominal amount and no actual loss is made by the non-breaching party. Liquidated damages, are the damages that were identified by the parties in their contract. Specific performance- This remedy is used when damages are not adequate to as a remedy. In specific performance, the breaching party is order to fulfill their duty as mentioned in the contract. This remedy is used when the issue of money does not matter in the contract such as contract for selling a property and later the seller refuses, the court can order the seller and compel him to sell the house as per the contract. Cancellation and restitution- Restitution as a remedy mean that the non-breaching party is put back in a positon that it was in prior to the contract and cancellation means that both the parties are free for the obligations of the contract. In the case of Jerrys Hardware, L.L.C. v. Hillcrest Partners the remdy that was used was the remedy of damages. There a few things that the defendant must have considered to avoid a lawsuit for breach of contract, Hillcrest should have not signed a contract until and unless they were not sure of their finance. Signing a contract without their finance increased their risk of breaching it and secondly they should have replies to the letters that were send to them by jerrs attorney. References Two Iowa Breach of Contract Cases, Two Judgments for Plaintiffs | Center for Agricultural Law and Taxation. (2015, July 23). Retrieved March 01, 2017, from https://www.calt.iastate.edu/article/two-iowa-breach-contract-cases-two-judgments-plaintiffs JERRYS HARDWARE, L.L.C., Plaintiff-Appellee/Cross-Appellant, vs. HILLCREST PARTNERS, a general partnership, CHARLES A. RUHL JR., and STEVEN FRY, Defendant-Appellants/Cross-Appellees. (n.d.). Retrieved March 01, 2017, from http://law.justia.com/cases/iowa/court-of-appeals/2015/14-1625.html Breach of Contract and Lawsuits. (n.d.). Retrieved March 01, 2017, from http://smallbusiness.findlaw.com/business-contracts-forms/breach-of-contract-and-lawsuits.html Breach of Contract Case Study Breach of Contract Case Study MOHANA DIGHE ISSUE- Washington (January 6, 2016, 4:14 PM EST) A driver for Uber hit the ride-offering organization to a claim a breach of contract in California government court, affirming in a proposed class activity that Uber neglected to pay drivers the winter advancement as per its reported tenets in the advertisement. Kimberly Berger claims that Uber did not pay California drivers the full rates they were guaranteed under the organizations Winter Warmup advancement, which ensured least rates to taking an interest drivers who met an arrangement of conditions. As indicated by the grumbling, the advancement ensured drivers least hourly rates for specific periods on the off chance that they acknowledged no less than 90 percent of excursions, arrived at the midpoint of no less than one trek a hour and were online for no less than 50 minutes of consistently worked. The base hour rates extended from $16 every hour to $26 every hour, in view of the day and age, as indicated by the grievance. The most astounding hour rates secured Friday and Saturday evenings. The suit claims Berger, and different drivers in the proposed class, met the states of the Winter Warmup advancement however were not paid the guaranteed rates. In particular, the suit claims, Uber paid the expenses as a normal gross hourly rate rather than a base rate for every hour. The organization likewise subtracted expenses from the promoted rates, the suit claims. Therefore, the genuine hourly rates for pinnacle, normal, and nonpeak hours, were $20, $12, and $10 every hour, and not the $26, $20, and $16 every hour promoted, the suit affirms. Berger claims the instalment hones broke Ubers agreement with its drivers and furthermore constituted unjustifiable business hones under California state law. Berger is looking for unspecified harms for the benefit of herself and the proposed class, lawyers charges and an assertion that Ubers instalment rehearses for the advancement abuse California state law. She requested that the judge confirm a class of Uber drivers in California that took part in the advancement. The suit did not determine how vast Berger expects the class will be. The organization asserts its drivers are self employed entities, not workers, which a class of drivers have debated in a different claim. Uber approached a month ago for a stay in that claim while the organization requests the courts current deciding that its 2014 and 2015 discretion understandings are unenforceable. Uber did not instantly react to a demand for input (Uber Driver Says Co. Breached Promotion Contract Law360). Use of Agreement Law- (a) APPLICABLE BREACH OR VIOLATION This segment applies if there should be an occurrence of break or infringement of a portrayal or stipulation incorporated into an agreement under area 6502 of this title. (b)LIQUIDATED DAMAGES notwithstanding harms for some other break of the agreement, the gathering in charge of a rupture or infringement depicted in subsection (an) is obligated to the National Government for the accompanying sold harms: (1) A sum equivalent to the total of $10 every day for every person under 16 years old and each imprisoned individual intentionally utilized in the execution of the agreement. (2) A sum equivalent to the entirety of every underpayment of wages due a representative occupied with the execution of the agreement, including any underpayments emerging from derivations, discounts, or discounts. (c)CANCELLATION AND ALTERNATIVE COMPLETION Notwithstanding the Central Government being qualified for harms depicted in subsection (b), the office of the Unified States that made the agreement may scratch off the agreement and make open-showcase buys or make different contracts for the culmination of the first contract, charging any extra cost to the first temporary worker. (d) RECOVERY OF AMOUNTS DUE.- A sum due the Central Government on account of a break or infringement depicted in subsection (a) might be withheld from any sums owed the contractual worker under any agreement under area 6502 of this title or might be recuperated in a suit brought by the Lawyer General. (e)EMPLOYEE REMBURISMENT FOR UNDERPAYMENT OF WAGES.- A sum withheld or recuperated under subsection (d) that depends on an underpayment of wages as depicted in subsection (b)(2) should be held in an uncommon store account. On request of the Secretary, the sum might be paid straightforwardly to the come up short on worker on whose record the sum was withheld or recuperated. Be that as it may, a representatives claim for installment under this subsection might be engaged just if made inside one year from the date of genuine notice to the temporary worker of the withholding or recuperation. REMEDIES FOR BREACH OF CONTRACT- Equitable Remedies   Equitable Remedies are those that are forced when cash harms would not enough cure the non-breaking party. The accompanying sorts of fair cures might be accessible in the given case:   Particular Execution Particular execution is a request by the court that requires the breaking gathering to do the agreement as it was initially composed. This kind of cure is uncommon. In any case, it might be requested in specific conditions. For instance, particular execution might be forced when the topic is one of a kind, for example, an acclaimed painting or a particular bit of property. Courts are reluctant to request particular execution since it requires the progressing observing by the court of the agreement. Rescission Rescission of the agreement is a cure that permits the non-breaking gathering to wipe out his or her duties under the agreement. This cure may be accessible when the agreement depended on misrepresentation or an error by either of the gatherings. It is additionally accessible if both sides like to scratch off the agreement and give back any cash that had been progressed as a feature of the agreement. Reorganization Reorganization permits two gatherings to change an agreement so that it all the more precisely reflects what the gatherings plan. This cure requires that the agreement be substantial. It might be accessible when one of the gatherings had a mixed up comprehension about a material term of the agreement.   Legitimate Cures Legitimate cures regularly appear as money related harms that are granted to help make the blameless party entirety. A few cases of legitimate cures are examined underneath. Compensatory Harms Compensatory harms are those that are intended to remunerate the non-breaking party for the rupture. These incorporate desire harms and considerable harms. Desire harms are those that give the non-rupturing party the money related assets that he or she would have gotten had the agreement been performed. These harms are normally in view of the agreement itself or the honest estimation of the topic of the agreement. For instance, compensatory harms might be the sum vital for the non-breaking gathering to buy a substitute item that is proportional to the one contracted for. In the event that the agreement was for an offer of merchandise, compensatory harms are generally the contrast between the agreement cost and the market estimation of the products. These harms likewise comprise of the costs important to make the non-rupturing party entire after the break, for example, promoting costs to publicize the items that the breaking party neglected to pay for. Be that as it may, the non-rupturing party by and large has an obligation to relieve his or her misfortunes. Significant harms are those harms that repay the guiltless party for backhanded costs that came about because of the break. They regularly result from uncommon conditions that are included in the agreement that may not be normally unsurprising. For instance, a honest gathering may approach to be repaid for the loss of business benefits that got from not having admittance to the fundamental materials to create an item for an outsider. All together for the honest party to get these harms, he or she should demonstrate that this misfortune was sensibly predictable to both sides when they composed the agreement and the misfortune was an immediate consequence of the break. Liquidation Harms In a few contracts, particular harms are pre-decided. These harms are called exchanged harms. They are normally some portion of agreements where it is hard to decide the real sum that a gathering was harmed because of a break, for example, a rupture of an agreement not to contend. Reformatory Harms Reformatory harms are intended to rebuff a blameworthy gathering keeping in mind the end goal to keep that gathering or others from taking part in comparative direct later on. Be that as it may, corrective harms more often than not require a more grounded goal than is essential in standard rupture of agreement cases. For instance, to be granted reformatory harms, an offended party may host to demonstrate that the rupturing gathering acted in a noxious or fake matter. A few states particularly restrict offended parties from recuperating correctional harms on break of agreement cases. Lawyer Expenses and Expenses The common party in a break of agreement case might have the capacity to gather lawyer charges and costs that he or she caused keeping in mind the end goal to realize lawful activity. A few states just permit these harms on the off chance that they are particularly accommodated in the agreement (hg.org).

Dialogic and Formal Analysis of Thomas Grays Elegy (Eulogy) Written in

Dialogic and Formal Analysis of Thomas Gray's Elegy (Eulogy) Written in a Country Churchyard By combining the formal and dialogical approaches, patterns and voices within the text seemingly interplay and overlap to reveal a deeper sense of the author's intentions. While the formalistic analysis focuses on the text and the unfolding themes within, the dialogical analysis recognizes "...the essential indeterminacy of meaning outside of the dialogic - and hence open - relationship between voices" (HCAL 349). When applied to "Elegy Written in a Country Churchyard," these two approaches collaborate to emphasize recurring concepts and establish a twisted sense of authority. Formal analysis identifies the initial elements of a work and determines their significance in relation to what remains. By selecting such a title as an "Elegy Written in a Country Churchyard," the author is providing the reader with an indication for what will follow. Amazingly, the poem is exactly what the title states. It is an "elegy," expressing grief and lamentation for the humble unknown villagers who hav... Dialogic and Formal Analysis of Thomas Gray's Elegy (Eulogy) Written in Dialogic and Formal Analysis of Thomas Gray's Elegy (Eulogy) Written in a Country Churchyard By combining the formal and dialogical approaches, patterns and voices within the text seemingly interplay and overlap to reveal a deeper sense of the author's intentions. While the formalistic analysis focuses on the text and the unfolding themes within, the dialogical analysis recognizes "...the essential indeterminacy of meaning outside of the dialogic - and hence open - relationship between voices" (HCAL 349). When applied to "Elegy Written in a Country Churchyard," these two approaches collaborate to emphasize recurring concepts and establish a twisted sense of authority. Formal analysis identifies the initial elements of a work and determines their significance in relation to what remains. By selecting such a title as an "Elegy Written in a Country Churchyard," the author is providing the reader with an indication for what will follow. Amazingly, the poem is exactly what the title states. It is an "elegy," expressing grief and lamentation for the humble unknown villagers who hav...

Mcdonalds Company Facts Essay

  Explain the purpose of the business. * Does the company operate on a profit or non-profit basis? Explain your answer with details. * Does the company provide a service; manufacture a product, internet based or perhaps all? * Where is the business located and how many locations are there? McDonalds’s provides a service of fast food to people all over the world. The top 5 are America, Japan, Canada, United Kingdom, and Germany. According to 2007 statistics, McDonald’s serves more than 27 million individuals daily. Headquarters are located in Oak Brook, Illinois. It is both a profit and non-profit orientated business. Jim Skinner, the CEO, owns 33,000 restaurants in 119 countries. 59% of McDonald’s restaurants are owned by independent people. McDonalds also invests into the stock market, with shareholders that receive dividends and money when he or she sells the stock. McDonalds supports non-profit organizations like, The Ronald McDonald house fund provides free housing for families with children that are hospitalized far away from home and grants to charities in need. B. Explore the history of the business * Provide a chronological history of the business indicating significant events during that history. In 1940, Dick and Mac McDonald opened a Bar-B-Que drive-in. Eight years later; the drive-in was shut down and turned into a 9 item self-serve drive-in. By 1958, McDonald’s was already a sought out place to eat and sold their 100 millionth hamburger. In 1967, they went international and opened a McDonalds in Canada and Puerto Rico. A year later, McDonalds created and started serving their famous Big Mac’s. McDonalds celebrated their 50th anniversary in 2005 and continue to serve Big Macs, happy meals, cafe specialties, and dollar menu items to millions every day. Ray Kroc can be thanked for McDonald’s expansion. In 1955, he made McDonalds a corporation and 5 years later bought McDonalds rights. He was able to build McDonald’s in to a top franchise fast food restaurant. C. Discuss how the capitalism’s four basic rights are illustrated in the operations of this business. * What form of economic environment does this company operate (ex: monopolistic competition versus oligopoly, etc. ) McDonalds operates in a monopolistic competition. There are 2,400 McDonald’s franchises. With 80% of the businesses being franchised (McDonalds). This means that McDonalds does sell to private owners and are practicing this right. They are in competition with all fast food restaurants, like Wendy’s and Burger King. But McDonalds also has to compete against real restaurants and home-cooked meals. According to QRS magazine, McDonalds is the top fast-food business in America (QRS magazine) so they are having no problem competing or making profit’s. McDonalds uses the freedom of choice by adding specialty coffees and shakes to the menu, along with premium salads and a few other products. D. What role does the government play in the operations of the business? McDonalds has to follow all Occupational Safety and Health Administration (OSHA) regulations. This means that they have to make sure all floors and walkways are clean and free of clutter. McDonalds has to post all OSHA safety signs and allow breaks for employees. OSHA also has regulations on the minimum wage an employer can pay an employee. Currently, the wage is $7. 25 (OSHA). In 2011, a health law was passed that now requires McDonalds to post all data on calories in their food. This has caused McDonalds to rethink some of their items and make them healthy. An example of this would be with kid’s happy meals that can now substitute french fries or pop for apples or milk. Internationally, the United Kingdom has a Children’s Food Bill intended to highly regulate the advertising of happy meals and fast food aimed at children (Wikipedia). McDonalds has to be careful not to rope kids in to wanting unhealthy food. E. Describe the legal form of the business and indicate some of the advantages/disadvantages of the form. McDonalds is an S corporation. Most advantages of an S corporation are received by shareholders and employees that are shareholders. Some advantages of an S corporation are better legal protection and a reduction in payroll and employment taxes. Some disadvantages are accounting, tax preparation and payroll process can be a burden and it costs more than a partnership or proprietorship to start and stop (Nelson). F. How does this business exhibit corporate citizenship and responsibility of business in society? * Describe any â€Å"green† concepts the business might be using or plan on using in the future. McDonalds has a Ronald McDonald House Charity donation box in most of their restaurants. This makes it easy for customers to donate their spare change/money to a good cause. In July of 2011, the movie Smurf was released and McDonalds promoted it and themselves by teaming up with Keep America Beautiful (KAB) to invite kids to â€Å"Smurf the Earth† by choosing Apple Dippers in their Happy Meals. For each digital code featured on Apple Dipper packages and redeemed at HappyMeal. com, McDonald’s and KAB planted a tree in needed areas within national forests across the country. McDonald’s in Latin America also gave away a million sunflower packets so children could grow their own sunflowers. McDonald’s has been a national member of the U. S. Green Building Council (USGBC) since 2007. They have added more efficient lighting, plumbing, storm water management and even a garden in a McDonalds in Chicago, Illinois. McDonalds continues to strive to be greener. G. Discuss any career opportunities within the business. * What type of credentials are needed for a job with this company (example: type of degree/major), experience desired, and any current salary ranges. No experience is needed to work in McDonalds, but they do have a Hamburger University that teaches workers the key to achieving successful procedures, service, quality and cleanliness. The age of a person looking to work at McDonalds depends on the Child Labor Laws in the state. OSHA’s regulations are that no one under 16 can work with stoves, grills, or knifes. Wages vary from minimum wage to†¦ To become a manager at McDonalds, a worker must first complete the first level of the McDonald’s Management Development Program. Being a manager allows the worker to have flexible hours and gain long service awards.

Capital Structure Paper Essays - Financial Ratios, Steve Jobs

Capital Structure Paper Essays - Financial Ratios, Steve Jobs Capital Structure Paper Capital Structure Paper FIN/419 May 25, 2015 Maria Johnson Capital Structure Paper A companys capital structure is one of the most important aspects of a successful and functioning business. When analyzing a capital structure, the short term and long term debts should be evaluated thoroughly. The level of debts-to-equity ratio should be balanced; not too high and not too low, as being in any one of these ranges could be viewed negatively. Evaluate how a change in the long term debt of a company will affect their companys operating result. This paper will discuss the different effects of an increase in the long term debt of a capital structure and how those effects will impact the corporations leverage. Recommendations on the optimal capital structure to maximize shareholder wealth. Ten Percent Long Term Debt Increase As of September 27th, 2015, Apple Inc.s long term debt was resting at exactly $28,987,000. A ten percent increase in the long term debt of Apple Inc. would have a relatively small impact across the board for the company. At 28.99 million, a ten percent increase in the long term debt raises things up to 31.89 million. These numbers are very close together, and it is safe to say that a lot of things within the company would not be altered by very much due to this change in long term debt. The multi-billion dollar corporation does not need to put much thought towards numbers as small as a million or two. Much unlike some other companies and business struggling to reach a point of success that could even be considered half as good as Apples current place. It is important for everyone to remember that the status Apple has managed to attain did not come to them without a large and difficult amount of hard work, innovative ideas, quality goods being manufactured by the corporation for sale to the masses, and possibly most importantly a sound long term financial plan. Apple Inc. is a company that is making enough money on a regular basis that such an increase could potentially be looked over in favor of more pressing concerns that will have a larger impact on its financial status. But then again, such could be expected from the electronic titan with a look back at its history in terms of finances and debt. According to Pressman (1993) Apple Computer Inc.'s first long-term debt offering, expected later this summer, received a preliminary A rating from Standard & Poor's and a prospective A2 rating from Moody's Investors Service last week. The Cupertino, Calif.-based computer maker, which has issued commercial paper in the past, filed a registration statement with the Securities and Exchange Commission earlier this month to sell as much as $500 million of long-term debt securities". The two credit agencies said they based their ratings on the company's conservative capital structure and its ranking as the second largest seller of computers. The company's profit margins have been shrinking for several years, but sales have steadily increased since Apple implemented a low- cost, high-volume strategy, the credit analysts said (p. 3). With these numbers so far behind the company; over twenty years ago, it is fairly easy to see how they could be doing as well as they are in the market today. Change in Capital Structure A ten percent increase in long term debt at the same current cost of debt increases the operating leverage as long as the company is making regular fixed interest payments on that debt. Operating leverage only includes fixed expenses in the production of a product. According to marketwatch.com (5/2015), Apple increased its total sales revenue from $170.87 billion to $182.35 billion or 6.72 percent from 2013 to 2014. Apple submitted Form 10-K to the SEC in 2014, and it listed the Total operating expense as $18.03 billion. Apple (9/2014) also provided its 2014 effective tax rate as 26.1% and its interest expense as $384 million. With this information, we can calculate Apples EBIT for 2014 which is sales revenue minus operating expense. This figure comes to 164.32b which is important because if the long term debt increases by 10 percent then it effectively decreases the total amount of revenue. The Form 10-K submitted (9/2015) also states Long-term debt

Profile of the 2003 War in Iraq

Profile of the 2003 War in Iraq Saddam Hussein led a brutal dictatorship of Iraq from 1979 to 2003. In 1990, he invaded and occupied the nation of Kuwait for six months until being expelled by an international coalition. For the next several years Hussein showed varying degrees of contempt for the international terms agreed to at the end of the war, namely a no-fly zone over much of the country, international inspections of suspected arms sites, and sanctions. In 2003, an American-led coalition invaded Iraq and overthrew Husseins government. Building the Coalition President Bush put forward some rationales for invading Iraq. These included: violations of U.N. Security Council resolutions, atrocities committed by Hussein against his people, and the manufacture of weapons of mass destruction (WMD) which posed an immediate threat to the U.S. and the world. The U.S. claimed to have intelligence which proved the existence of the WMD and asked the U.N. Security Council to authorize an attack. The council did not. Instead, the U.S. and the United Kingdom enlisted 29 other countries in a coalition of the willing to support and carry out the invasion launched in March 2003. Post-Invasion Troubles Although the initial phase of the war went as planned (the Iraqi government fell in a matter of days), the occupation and the rebuilding has proven quite difficult. The United Nations held elections leading to a new constitution and government. But violent efforts by insurgents has led the country to civil war, destabilized the new government, made Iraq a hotbed for terrorist recruitment, and dramatically raised the cost of the war. No substantial stockpiles of WMD were found in Iraq, which damaged the credibility of the U.S., tarnished the reputation of American leaders, and undermined the rationale for the war. Divisions Within Iraq Understanding the various groups and loyalties inside Iraq is difficult. Religious fault lines between Sunni and Shiite Muslims are explored here. Although religion is a dominant force in the Iraq conflict, secular influences, including Saddam Husseins Baath Party, must also be considered to understand Iraq better. The BBC offers a guide to the armed groups operating inside Iraq. Cost of The Iraq War More than 3,600 American troops have been killed in the Iraq War and over 26,000 wounded. Nearly 300 troops from other allied forces have been killed. Sources say more than 50,000 Iraqi insurgents have been killed in the war and estimates of Iraqi civilians dead range from 50,000 to 600,000. The United States has spent over $600 billion on the war and may ultimately spend a trillion or more dollars. The National Priorities Project set up this online counter to track the moment-by-moment cost of the war. Foreign Policy Implications The war in Iraq and its fallout have been at the center of U.S. foreign policy since the overt march to war began in 2002. The war and surrounding issues (like Iran) occupy the attention of nearly all those in leadership at the White House, State Department, and Pentagon. And the war has fueled anti-American sentiment around the world, making global diplomacy all the more difficult. Our relations with almost every country in the world are in some form colored by the war. Foreign Policy Political Casualties In the United States (and among leading allies) the steep cost and on-going nature of the Iraq War have caused considerable damage to top political leaders and political movements. These include former Secretary of State Colin Powell, President George Bush, Senator John McCain, former Secretary of Defense Donald Rumsfeld, former British Prime Minister Tony Blair, and others.

Expensive college tuition worth it Research Paper

Expensive college tuition worth it - Research Paper Example However, the increasing cost of education makes it difficult for a large majority of people to pursue their higher education in better universities and colleges. This paper will evaluate the American scenario of college education focusing the students as audience while analyzing the actual situations to prove whether the rising tuition fee actually add value to the higher education outcome in the country. Education at a higher level is surely meant for a rewarding purpose; therefore it incurs cost at a reasonable proportion. The term tuition fee refers to the amount required to be paid by the students for continuing a learning course in a college or university. The education institutions providing higher education looks for imparting training at international levels. The stakeholders of this process includes several aspects like state government funds, material and human resource requirements, employment agencies and supporting organizations etc. Majority of these factors are subject to changes with the economic conditions in the respective states. Rising cost of education has been a tremendous challenge before the universities and education departments in the country and it affects the number of qualified candidates in the employment market with considerable impacts. The uncontrollable increase in tuition fees poses a threat to the enrollment rates in colleges, which is an indicator of declining quality of human resources in the future years of the productive economic sector across the country. The total picture of the education system in the country shows the students as the players of a borrowing-repaying process alongside their education. At one side they are given extended loan facilities by several financial enterprises towards education; and at the other side, the educational institutions engage in a cost-shifting process in which the increasing cost of education

The Bridge on the River Kwai Movie Review Example | Topics and Well Written Essays - 2000 words

The Bridge on the River Kwai - Movie Review Example The story speaks about living in dignity, being civilized and treating others in a human manner regardless of their condition and status in life. However, it also speaks about the realities of the possibilities that the good motives of dignified men, trained and educated to do service to other people, may well be mixed with personal intentions and objectives that is, to satisfy one’s ego and desires by being known throughout the world for ages because of their achievements. Colonel Nicholson presents a confusing character. He was stubborn in demanding his rights and for a viewer, it would be hard to understand why he would allow himself to suffer rather than just obey orders and be treated well. He is also an interesting character who stirs curiosity from the audience. The initial reasoning of the British colonel is highly commendable. He thought about the good of his officers, fighting for their rights. It is highly appreciated for an officer to keep to the rules and regulati ons even in the face of death. In defending his and the rights of his officers, colonel Nicholson endangered his life as well as his officers. Still, wanting to show his men the principles that he clings to, he defied the Japanese commander. When he was punished, caged in a box like an animal, he did not allow his situation to limit or even depreciate his beliefs rather he stood his ground that the British officers will have no part in the manual labor demanded by the Japanese as stated in the international law. This showed cultural issues, with the British showing diplomacy and the Japanese showing barbaric disciplines. In the course of time, when the Japanese commander was pressured by his deadlines, he eventually had to bend his rules against his will to the demands of the British officer if only to save his life from the dangers he faces if he was not able to meet his deadline for the construction of the bridge. Having regained his power and dignity in the presence of the Japane se soldiers, colonel Nicholson solicited the help of the British officers and soldiers to build the bridge they were ordered to do, the best thing that happened in the movie. The colonel had good intentions of showing how diplomatic the British could work with their enemies and let them appreciate the ‘civilized’ living they have, adhering to rules and respecting humanity, giving them the dignity of human beings. Instead of working against their enemies as initially intended, the British prisoners of war worked in their favor. The engineer revealed the mistakes in building the bridge on an unstable area and he collaborated with the other officers to plan to make a good bridge. The ideal of Nicholson were logical he could even convince any viewer with it. Build a bridge of good quality and show the Japanese what British soldiers could do, boost the morale of the soldiers and uphold their dignity and, to top his reasoning, the project would be for the good of the British government, were what the officer said. Building the bridge would be a diplomatic act in favor of the British government, he reasons. But was that really it? When the engineer told Colonel Nicholson that the bridge they were to build is similar to the medieval London Bridge that stood six hundred years of service, he became ecstatic, more driven and ambitious. He probably was