ICT - Changing the System of a Video Library Essay Example for Free

ICT Changing the System of a Video Library Essay Identify section The current system is a hand written and hand handled by Mr Roberts. It is a paper database where all details of the members, transaction and return details are stored. Mr Roberts currently operates all the system by himself and he does this to keep a record of all the bookings out of the videos, he does this by pen. He finds the page in the book allocated to the member, writes when the person needs to bring it back in, takes the payment then gives the video to the member. When a new member joins Mr Roberts takes all the details down in his book, then gives the new member a member number. Mr Roberts has to check every night for overdue videos. When a members page is full, then Mr Roberts has to get a new page, this just adds to the ever-growing file of Mr Roberts. There are lots of problems with the system, it is very slow, it would wear down with over use, he cannot cope with the growing number of customers, He has to check every night to see which videos are overdue and hand type each letter and send them off the same night. This would be increasingly difficult when lots of members join. Another problem is that the videos all have to be numbered and when a video is taken out a card is put in the original case giving the video number and return date. The new system would have to display all the details of the members on one screen and show when last rental and return was. It should be able to show all overdue videos on one screen. It should be very fast and speed up all aspects of the shop. If the database is faster and easier to manage then the number of members will increase and therefore so will the profit. Jonny Sharpe Possible solutions Mr Roberts could solve all his problems by using a filing cabinet. This would solve all his problems with information handling. The advantages of this would be that a filing cabinet is easier to cope than a filing book, the disadvantages are that it is still based on paper and they could easily be damaged or lost. Another problem is that it is still time consuming and would not be any faster, if anything slower than before. Another way to cope with this problem is putting all the files onto a computer. The computer would store all the information easily. The advantages of this are that it would significantly improve the speed and ease of running the video shop. The disadvantages are that it may cost a lot of money and all staff may not be trained in how to use a computer A computer program could be writ but expertise would be needed for this and this expertise I do not have. The next best alternative is that you could use a already existing program such as Microsoft Access. The information would be stored on multiple spread sheets, the information would consist of all the members details and the video details as well. These would be good because they can handle lots of multiplications and can search through information Mark foster System Choice Microsoft office xp professional edition. Pcworld: à ¯Ã‚ ¿Ã‚ ½519 Inc vat Any computer could be chosen as long as it has Microsoft access and a printer for printing reports. Software Justification Justify choice of software: Word: The program needs to handle numbers but word is very good at typing letters. Excel: This program would be ok for the video shop but there would have to be 1 sheet for the videos and 1 sheet for the members details. This program would not be able to type letters up and print the letters off. Access: This program is excellent, this is because you can merge the video details and the members details together to give records of loans. This program can also produce reports in letter form and print them off. Data needed 1. This database is for the videos, it should show the number code, name. 2. Members details should be shown on this page, name, address, membership number, telephone number, current video rented and the date it is due back. Design section This shows that I have made two tables to store information, one for the members details and one for the video details. I have entered 50 videos and 5o members into the tables. I have designed the system to alert me when there are overdue videos and to be able to book out videos and book in videos with ease. I linked the two together by making a link between the membership number and the video number as shown below. These next pictures are of my queries. They are update queries which update booking in and booking out of videos. They are linked between the two tables and display the videos booked out and the membership number of the person along with some details. This is my form design. The form is for a member to fill in to automatically add his details to the members table. This is my report. This is basically to inform members that they are in possession of a overdue video and they need to return it. Members have their own membership no and each video has its own video number. This way members and videos dont get mixed up. This is an application form for the video shop, members are asked to fill out basic details. Analysis 1) What do I need from my database. I want it to store information about my members, including their name, address, telephone number, membership number, date of birth. Also in each members record will be stored the video they have rented (its code, not its title to speed things up) and also the date it is due back. Customers can only rent one video per day and it must be returned the next day. I also want the database to store information about the videos, including its code, title, price, certificate and category, eg horror, action, comedy etc. I want a system that will let me book videos in and out very quickly, just by entering the members number and the video code. I also want a system to check which videos havent been returned and create a letter that could be sent out if it hasnt been returned after 1 week. Sometimes people forget they have it so this should be a polite reminder. If they havent returned it after 2 days, then I usually phone them, so I would need it to produce a list of names and telephone numbers. I will answer the other questions at a later time as there are customers in the shop. Regards. Mr Roberts 2) To collect data from new members I have a form that they fill out. They write on it their name, address, tel. number, and date of birth. I write their new membership number on it. 3) Each member has a membership number. It is a four-digit number, starting at 1000. 4) I dont use credit card details as there is too much security needed. 5) For new members I need two forms of identification, one with their name and address, i.e. a bank statement or gas bill for example and one with their photo on, i.e. theirs drivers licence or passport. 6) I havent got a password system. If you think I should have one let me know how you think it would work. The problem is that customers would have to tell me their password and other customers could overhear it so it wouldnt be that secure. Evaluation I think the final product meets the standards set by Mr. Roberts. The only mistakes I have made is that I have given the example members, membership numbers starting at 200 and they are only 3 digit. The final product can do everything specified in the design requirements made by Mr. Roberts. The opinions of the users would be on the questionnaire I made. The only improvements that could be made to my database is that I could maybe produce an automatic report displaying all the information of the member on a report whos video is late, instead of just having a basic template.

Use of Subtle Details in Kate Chopins The Storm Essay -- Chopin Storm

Use of Subtle Details in The Storm    Effectively describing the relationships between characters is one vital component to a great piece of literature.   Without a fundamental understanding of what the characters are feeling and a sense of where they are coming from, a literary work is a puzzle with missing pieces.   A variety of tools exist for authors to accomplish this goal.   Such information can be provided outright, as in a flashback, or an author may chose to rely more heavily on subtle tactics.   In Kate Chopin’s The Storm the preferred forms of relationship development are subtle.   By making good use of tone, small details like dialect and an overarching metaphor, Chopin skillfully incorporates a great deal of emotional depth.      Ã‚  Ã‚   The first device with which Chopin subtly builds the characters' relationships is tone.   Chopin uses tone as a tool to shape the reader's attitude.   By addressing the actions of Calixta and Alcee with a favorable tone, both characters seem to have done something natural and inevitable.   In fact, Calixta and Alcee both commit adultery, yet it is presented to the reader in such a way that both characters escape any kind of negative judgment.   If Chopin had merely written down the course of events in The Storm one might expect a likely response of disapproval from the reader.      Ã‚  Ã‚   Evidence of this use of tone is not hard to find in the text.   One clear example is found as the love scene develops.   Chopin describes Calixta?s flesh as ?knowing for the first time its birthright.?   The word ?birthright? suggests that Calixta is entitled to this affair.   At the same time th... ...nbsp; Finally, the storm ends restoring peace and calm to the countryside just as Alcee and Calixta leave each other with smiles and Bobinot and Bibi return none the wiser.      Ã‚  Ã‚   It is through this metaphor that the reader can best relate to the path the story takes.   This descriptive tool can be overlooked and the story can continue on its own. However, when the reader recognizes and considers this metaphor?s meaning, a much more complete and vivid descriptionis present.      Ã‚  Ã‚   In conclusion,   it can be seen that Chopin?s use of subtle hints and small suggestive details add considerable meaning to the work as a whole.   Without these small pieces such a vivid picture could not be painted and a narrative with the potential to be a classic would have remained a puzzle with missing pieces.  Ã‚  Ã‚  

Computerized Enrollment System Essay

INTRODUCTION As the generation change past, technology innovation is also past changing mostly the computers. Computer benefits such as the way of using certain application for office or project works, for record keeping purpose or even communication. Moreover, computer performs various tasks accurately, quickly and efficiently. This is very user friendly that caters all the banking transportation and even in a smallest business for record keeping intention. This is the essence of modernized technology. Computing technology has an impact on almost every aspect of daily life. Computer applicants abound in art, business, entertainment, essence, engineering and medicine. In addition, the discovery of the computer was great function of modernity for difference to make work easier, more capable and more adaptable of humanity. It has brought a new level of knowledge that became the new standard in the industry. It made the school more efficient for students and provided path to communicate to entire ea rth. Nowadays, computer base system is commonly used by company and institution and one of this is COMPUTERIZED ENROLLMENT SYSTEM is the must have system in school. It is convenient way storing and retrieving information of a student that provide more easy way of enrolling. One of the schools that badly needed this computerized enrollment system is MARIKINA POLYTECHNIC COLLEGE (MPC) that located at #3 Mayor Chanyungco Street, Sta. Elena, Marikina City. At this computer age, they are still practicing the manual procedure of enrolling students which is resulted to a very time consuming and keeping records of students that is not safe and hard to find when need it, lost of data will probably the huge effect. This COMPUTERIZED ENROLLMENT SYSTEM (CES) is proposing in exchange to the existing system in Marikina Polytechnic College. This proposed system will cut down the cost during enrollment and reduce much effort. OBJECTIVE OF THE STUDY The purpose of this study is to fulfill a better system that will serve as a more reliable tool in registering and enrolling students in an institute. The study is to show the advantages and disadvantages that arise in the computerized enrollment system. The study is to show the innovation of registration and enrollment system from traditional to high-technology. The study also serves the purpose of revealing the mechanics of the said system. The user interface provides ease through its organized interface and functionality. The administrating side provides efficiency in keeping and gathering work. The system will have two parts. The user account and the administrator account. In the user account, user was logged in as guests. They may register and enroll through filling up the available computerized forms. The administrators may interface with the data in every way possible. Scope The computerized enrollment system covers the major process in MARIKINA POLYTECHNIC COLLEGE namely; registration of the current and incoming student class scheduling sectioning and report needed. Since one of the specific objectives of the system is to secure the data being inputted to the database, the system would allow two user accounts which are the faculty and the registrar. Faculty user account would only access some features of the developed system. On the other hand, registrar can access every features of the system. Enrollment System is a good example of a computer generated process. This can lessen the workload and provides accurate information needed of the school. As a result, it will benefit not only the student but the administration as a whole. Limitation The computerized enrollment system does not include the payment of tuition fees, account/payment processing and it cannot determine if the student was already paid his/her payment or not. The cashier will be the one who will print the summary of student with unpaid accounts and sent them to the respective department chairman.

Bedside table development evaluation Essay

It is important for surveyors to convey to their client whether members of the public, builder or contractors in general proper care in establishing the variables that will affect any given project. Time upon reflecting these variables and the implications that can bring to a project need to be carefully reviewed, whether from a traditional procurement route or form example a design and build method. In reviewing these factors is it feasible to determine the relevant specifics whether to demolish a particular building? As new buildings through poor workmanship can also cause snagging problems or greater issues after practical completion. Therefore a written record of what has to be done in form of a pre-condition report is to be completed to ascertain all factors whether to reinstate, through either refurbishment or to demolish. Of course other variables such as the client’s costs programme and end user use must all be taken unto account, the current climate of environmental and carbon footprint issues continue to be an ever enforcing element with construction. Only when such a report is commissioned can it determine that the building is ‘statutory defective’ can the final decision of a building to be torn down can be decided. This can also be called a dilapidation report. In evaluating the varied mechanisms by which buildings are deemed to fail refurbishments is the valid reason to unsure that such a pre-condition report is submitted to the relevant parties to see much works are required to re-instate the building whether to its original form or improvements to current building regulation standards. An example of how the government is seeking to explore refurbishments activity into existing dwellings was the introduction of the Home Condition Reports (HCR) in 2004 which formed part of the Housing Act 2004. It is intended to aid that of the general public placing their property on the market for inspectors to create a pre-condition report for those prospective buyers. This would enable those buyers to identity areas with dwelling or single portfolio item to in more than one ways to fit into the whole-life cycle of a building. Put in lay mans terms what works needs to be done (if any). The report itself was in 4 parts as identified in table 1 below. What is important is that the government is seen to work towards improving the large stock of dwellings with in the United Kingdom (UK) that need to be graded into energy ratings and of which then people can through builder and contractors alike to start upgrade or enhance their own homes whether for resale or for their own purpose i. e. to reduce bills by adding another layer on insulation within the attic. Adding a greater life span to elements within the building through whole-life cycle of a building. This is further reflected within the new European Union (EU) Directive 2002/91/EC (2002) for the energy ratings. It is important to note that these HCR where later replaced by the Home Information Packs (HIP). Refurbishment and upgrading are the alternatives to demolition when appropriate. In a recent article Existing Stocks: The Facts, www. building. co. uk (Aug 2008) in this country i 24billion a year is spent on repair and maintenance of homes – Refurbishment is defined as to renovate, restore or revamp an existing building either to enhance its current state of repair or to update to other building regulations, it may be an office building where an air tight part L building regulation has to be stipulated or a dwelling to increase it’s thermal requirements under the new guild lines from the HIP’s Refurbishment works well when the building falls into correctable obsolescence, which means it has reached obsolescence stage only because it has poor acoustic, fire, or thermal performance, construction defects such as dampness or fungal attack, inadequate or relatively inflexible layout, poor amenities or facilities. But should refurbishment actions be taken when building falls into non-correctable obsolescence: is in poor location, inadequate building morphology (very inflexible layout or restrictive floor, ceiling heights, or serious construction failures). The decision to establish the reason(s) to either demolish, refurbish a building can vary significantly from the client requirements, through to building control, and of course things can change during the construction period, i. e. it may be that during a refurbishment programme that a greater amount of work is required like dry rot, and therefore a particular building may well be need to be gutted further or even take the step of demolishing it. When works to start on a building such issues can arise which may change the programme of works or structure of the building completely. With the best will ion the world unexpected items like this to happen, but with a good project team in place, then hopefully the advantage is to continue with the best solution possible, which may even be to demolish. The variables are unique to every single project and have to be taken on merit at that given time. The life expectancies of the components of a house depend on the quality of installation, the level of maintenance, weather, and climate conditions, and the intensity of use. These can of course through a good level of planned maintenance continue the whole-life cycle of the building and have the advantage of refurbishment opposed to demolition. Investing in home refurbishing work can save money if they are invested in it sooner than later. For example, fixing a potentially leaky roof at the early stage will save money in the long run by avoiding a costly repair job, when the roof becomes much more difficult to work with. It is much cheaper to ‘patch’ a small problem than to repair a large one. Same principle is found everywhere in life. For example, cars have some similar principle, unbalanced wheels, steering wheel shake will damage further down suspension, or unchanged oil, timing belt might cause complete engine failure. In maintaining what you have through either servicing or in construction case, whole-lie cycle refurbishment can the reasons to maintain an existing building are established. Some components may remain functional, but become obsolete due to changing styles and preferences or improvements in newer products as the same applies to the building. It can be structurally sound, but over a period of time parts of any building need to be maintained. Douglas, reports that the ‘Obsolescence is the process of an asset going out of use’ However, there are couple main issues why buildings become obsolescence. In addition, Clark (2009) noted that obsolete buildings as ‘those that suffer from structural, vacancy due to expire of their former use and require intervention (market or otherwise) to achieve a subsequent useful function’. Upgrading existing buildings rather than demolishing them avoids the loss of the embodied energy, making a valuable contribution to avoiding additional carbon emissions from demolishing. It is perceived that recycling a building rather than building from scratch is a step forward in maintaining a low carbon footprint. It could be then argued then why the government do not charge any Value Added Tax (VAT) on new building construction. Often the cost of maintenance and repair is the driving force to demolish older buildings. This can be especially true when there is a major defect within the building, e. g. base build defect from a structural problem. Most older buildings are poorly insulated and thus expensive to run, problems occur for example when a building is listed and therefore is unable to change many features due to the law and English Heritage constraints. In addition the cost of financing the project and the effect of inflation on building costs is less than that of building from new as for the most part refurbishment projects have a shorter development period. To demolish a building creates a huge waste of embodied energy (as mentioned above), a report by the government funded body Empty Homes Agency found that: ‘new construction emits nearly five times as much carbon dioxide per square metre as comprehensive refurbishment of an existing building’ Ward (2009). Furthermore, saving time is a major factor when proposing a refurbishment project, the pre-contract design and official permissions phases are normally faster than for a new development. As often building control can be less involved where plans for a new build are required to obtain planning permission. Consideration of the various factors of matters from the initial report and feasibility studies are the key to ascertain the extent of what can and can not be done to any given project. Refurbishment can in itself be extensive from a ‘facelift’ to a major remodelling of the interior of a building. Although, no doubt this will still be debated, but the way forward within industry seems by those through the government and institutions such as the Royal Institutions of Chartered Surveyors (RICS), and English Heritage to seek the benefits of maintaining buildings in terms of whole-life cycles through sustainability and economies

The Influence of Accent on Person Perception Essay Example

The Influence of Accent on Person Perception Essay Example The Influence of Accent on Person Perception Paper The Influence of Accent on Person Perception Paper The aim of the experiment is to see if people make stereotypical judgements of other people based upon their accents. Various studies prior to this one have looked into this area of research for example, Strongman and Woosley (1967). They recorded two people reading out a passage, firstly in a Yorkshire accent and then again in a London accent so it actually sounded like four different people when in actual fact there were only two. 110 subjects took part in the experiment and were split into two groups (one group was from the north of England, the other from the south). They were asked to rate the speakers on various personality traits. They did this by way of a questionnaire; they rated the traits on a five-point scale and were asked to rate traits such as generous/mean, good looking/unattractive, intelligent/dull etc, there were eighteen pairs of traits in total. The results showed that one accent was not particularly favoured more than the other one but both groups held the same stereotyped attitude about the two accents for e. g. the London accent was found to be more self confident and the Yorkshire accent was found to be more honest and reliable. A slightly more recent study by Giles (1970) looked at Received Pronunciation, South Welsh and Somerset accents. These three examples each carried different status, RP having the highest status and Somerset having the lowest; Giles suggested that this same pattern would emerge when looking at personality traits. His study was rated on a seven point scale, where the subjects would rate the recordings played to them. The subjects themselves either had a South Welsh accent or a Somerset accent, the results showed that as suggested the RP accent was favoured more than the regional accents, but the regional accents were not favoured one more than the other, just on different traits for e. g. Somerset were shown to be good natured ness. This study looks at Received Pronunciation (RP) and Yorkshire accents. There are two hypothesis that will be tested; hypothesis 1: The speaker with the Received Pronunciation accent will receive a significantly higher competence rating than the speaker with the Yorkshire accent, and hypothesis 2: The speaker with the Yorkshire accent will receive a significantly higher social attractiveness rating than the speaker with the RP accent. The null hypothesis 1: There is no difference between competence ratings in the populations from which the samples come (i.  e. any difference between sample competence ratings for RP and Yorkshire accents will be down to chance). Null hypothesis 2: there is no difference between social attractiveness ratings in the populations from which the samples come (i. e. any difference between sample social attractiveness ratings for RP and Yorkshire accents will be down to chance). Method Design The experiment used a matched guise technique; this design is used because the same speaker adopted two verbal guises in the form of two accents. The speaker was a thirty-three year old white woman, who read the passage in the same neutral style with both accents. The recording lasted for one-minute and fifty-two seconds and the content was a short article from as Huddersfield community newsletter, this was chosen because it is supposedly a less interesting topic so that the speaker did not develop character whilst speaking which could influence the experiment. The independent variable is the rating scores and the dependant variable is which accent the person speaks in. Participants There were 151 participants in total, 68 of these listened to the RP recorded passage and 83 listened to the Yorkshire recorded passage. The participants were students attending a lecture on a psychology course. Apparatus/Materials The apparatus which were used were the tape recorded voices of the speaker reading the same passage first in the RP accent then in the Yorkshire accent, the tape player and the personality questionnaires (see appendix A). Procedure Once the students were in the room, the following standardised instructions were given: Before the tape recording was played: Today you will be taking part in an experiment which investigates the accuracy of everyday assessments of personality. In a moment you will hear a tape recording of a woman reading an article from a community newsletter. After listening to the recording you will be given a personality questionnaire which asks you to rate the speaker on ten personality traits. Does everyone understand? Okay, the tape recording is about to begin. After the tape recording was played: Having listened to the tape recording you should now rate the speaker on the ten personality traits listed on the personality questionnaire. Please read the written instructions on the questionnaire and do not confer with anybody else whilst completing it. Once the questionnaires were all collected in the students were all debriefed as to the real purpose of the experiment. Results From table 1 shown below we can accept hypothesis 1 that RP will have a higher competence score because RP scored 15. 00 and Yorkshire scored 13. 12. (To put the mean numbers into perspective and to further understand just how high/low they are, please see Appendix B).

Philosophy of Education Examples for Elementary Teachers

Philosophy of Education Examples for Elementary Teachers A philosophy of education statement, sometimes called a teaching statement, should be a staple in every teachers portfolio. For elementary school teachers, the statement is an opportunity to define what teaching means to you and allows you to describe how and why you teach as you do at the early stages of learning. The following tips and philosophy of education examples for elementary teachers can help you write an essay that youll be proud to have. A philosophy of education statement is an opportunity to define what teaching means to you, and to describe how and why you teach as you do. Articulating this statement in the first person and using a traditional essay format (introduction, body, conclusion) will help you craft an enduring and inspiring personal statement. Structure of a Teaching Philosophy Unlike other kinds of writing, educational statements are frequently written in the first person because these are personal essays on your chosen profession. In general, they should be one to two pages long, though they can be longer if youve had an extensive career. Like other essays, a good educational philosophy should have an introduction, a body, and a conclusion. Here is a sample structure. Introduction Use this paragraph to describe your views on teaching in a general sense. State your thesis (for example, My philosophy of education is that every child should have the right to learn and get a quality education.) and discuss your ideals. Be brief; youll use the following paragraphs to explain the details. Think about aspects of early education that are unique to elementary teachers, and introduce these ideals into your writing. Body Use the following three to five paragraphs (or more, if needed) to elaborate on your introductory statement. For example, you could discuss the ideal elementary classroom environment and how it makes you a better teacher, addresses student needs, and facilitates parent/child interactions. Build on these ideals in the following paragraphs by discussing how you keep your classes aware and engaged, how  you facilitate age-appropriate learning,  and how you  involve students in  the assessment process. Whatever your approach, remember to focus on what you value most as an educator and to cite examples of how youve put these ​​ideals  into practice. Conclusion Go beyond simply restating your educational philosophy in your closing. Instead, talk about your goals as a teacher, how you have been able to meet them in the past, and how you can build on these to meet future challenges.   Philosophy of education documents for elementary teachers are very personal and unique to the individual. While some may have similarities, your own philosophy should focus on your personal approach to pedagogy and classroom management. Focus on what makes you unique as an educator, and how you wish to advance your career to further support elementary education. Writing Prompts As with any writing, take the time to outline your ideas before you begin. The following tips can help you craft your teaching philosophy statement: Brainstorm about  your educational philosophy and your  views of education, making notes on those principles you value most. This can help you articulate your philosophy as you organize your essay.Demonstrate how you have put your educational philosophy into practice in the classroom by citing specific examples and outcomes with students, parents, or fellow teachers and administrators.  Reflect on your experience over your career. Most likely, your teaching philosophy has changed over time. Reflect on the opportunities and challenges that lie ahead, and how you intend to meet them.Connect with others and talk to your peers in the field, as well as mentors. Ask them about how they crafted their essays and ask them to review yours once you complete it. Having people who know you and your teaching style well review your work can help you craft a truly representative statement.Review a few sample essays to help you as you begin writing your own. Career Advancement Applying for a brand new job isnt the only time you need an educational philosophy. If youre seeking a promotion or are applying for tenure, youll need to craft or update your educational philosophy statement. As time goes on, your approach to education and classroom management will likely evolve, and so will your beliefs. Updating your philosophy allows you to articulate your professional motivations and goals, as well as your approach to educating others so that observers can have a better sense of who you are, even without observing you in the classroom. Consider reviewing your philosophy every few years.

Capital Budgeting Analysis Research Paper Example | Topics and Well Written Essays - 1000 words

Capital Budgeting Analysis - Research Paper Example This shows that the company has improved on the efficiency of the usage of the assets of the company. This is also depicted by an improving asset turnover over the three year period. In 2003, the company generated $1.25 of revenue for every $1 invested in the assets of the company. Moreover, the company is also maintaining a strong control on its administrative and selling expenses; this is depicted by an improving net profit margin. This signifies that the company has strong growth prospects in future and could pave it way to become the market leader in its line of products. Figure 1 Figure 2 Figure 3 Since the company has strong future prospects, the company can use the IPO to its advantage. It will provide Superior Living Inc with the much needed capital money for expansion of its product lines including the production facility. The ‘going public’ stance will also boost the awareness of the company products in the market and develop a whole new batch of potential cust omers. This can eventually lead to an increase in the market share of the company. However, once Superior Living Inc goes public, she will have to face a number of challenges as well. The company will require fulfilling all the necessary obligations of the Securities and Exchange Commission as well as Sarbanes-Oxley Act which will lead to additional costs. Similarly, the management will come under immense scrutiny and pressure from different stakeholders which can lead to somewhat questionable practices for boosting earnings. This is because investors look at short term growth instead of the long term stability in the company. Debt is another option to the company to fulfill the capital requirements for the necessary expansion. the debt option will provide the company with the total control of the business with no scrutiny and pressures from the investors and other stakeholders. Similarly, the interest on the debt will provide a beneficial shield to the company as it will lower the future tax liabilities. However, the debt financing option will increase the leverage of the company; thereby increasing the chance of bankruptcy. Superior Living Inc has a moderate debt to total assets and debt to equity ratio. As shown in figure 4, the company finances only 28.3 percent of its total assets through the short term and long term debt. If the company funds the new production facility through debt, the ratio will still stay below 30 percent. Figure 5 depicts the debt to equity position of the company. The company has maintained an excellent interest coverage ratio over the three year period. It does not face any chance of interest payment crisis in near future; therefore, can easily use this option as well. Figure 4 Figure 5 The company has huge growth potential and a chance to explore new markets and product ranges. The new production facility is the need of the time; and therefore must be carried be carefully analyzed and carried forward. The new production facilityà ¢â‚¬â„¢s cash flows were analyzed at different hurdle rates. Since the Net Present Value of the project is positive at all three possible hurdle rates, the project must be carried forward. Similarly, the Internal Rate of Return is greater as compared to each hurdle rate; therefore the project is acceptable. The project has a simple payback period of 3 years. However, the discounted payback period 4 years at a