The Way Of Wealth By Benjamin Franklin - 1506 Words

In 1758 in his financial advisory book The Way to Wealth, Benjamin Franklin is quoted to have said, An investment in knowledge pays the best interest (An Investment in Knowledge Pays the Best Interest). Ironically, and somewhat surprisingly, the wealthy, Boston-born inventor, statesman, politician, and writer (among numerous other professions) never completed schooling past the age of ten, as he was pulled from formal education at grammar school in 1716 to become an apprentice to his brother, a printer by trade (Benjamin Franklin). Even more astonishing is the fact that many of the self-made billionaires on the Forbes 400 list, like Mark Zuckerberg, never completed college or even set foot on a college campus. People on this list have gone on the create giants, like Microsoft (Bill Gates), DreamWorks SKG (David Geffen, who holds $5.5 billion in his name), and Carnival Cruises (Micky Arison) (The Self-Made Billionaire Entrepreneurs Who Said No To College). Perhaps education from coll ege, high school, or another kind of formal education is not what it takes to become successful and massively well-off in the world. High school seems to be a time in a person s education where he strives to make straight A s and complete classes to the best of his ability, in the high hopes that one day he can perhaps become a successful businessman, CEO, or mogul and raise a family without having to take money for granted. However, readers may be surprised to learn that many wealthyShow MoreRelatedThe Way Of Wealth By Benjamin Franklin980 Words   |  4 Pages The Way to Wealth Benjamin Franklin is more than just a writer. He was a civic activist, printer, political theorist, and Founding Father of the United States, who was highly looked upon in the 1700s. Franklin has heard that â€Å"Nothing gives an author so great pleasure, as to find his works respectfully quoted by others (n.p).† His goal in the essay is to answer a question he has heard the public talk about. â€Å"Must a man afford himself no leisure (n.p)?† The essay resonates from the Almanac â€Å"PoorRead MoreThe Way Of Wealth By Benjamin Franklin1587 Words   |  7 PagesBenjamin Franklin is considered one of the most realistic and wisest men in the history of America. He is known for his stand on the necessity for the individual to work hard and to be frugal in order to reach success. In the presented essay, â€Å"The Way to Wealth†, he makes mention of various aphorisms and pieces of advice which express his views and opinions about morals, ethics, life, taxes, debt s, etc. Among those pieces of advice that he offers his audience, we find the phrase â€Å"employ thy timeRead MoreCriticism of Fordes Claim on Benjamin Franklins Autobiography1629 Words   |  7 PagesFordes claim on Benjamin Franklins autobiography Benjamin Franklins autobiography by Steven Fordes was compiled both as a template for the ancient Americans on how they should live and interact with one another in their society and a memoire to his son. The work was received and embraced by many around the world, Asians and Europeans inclusive. The work was also criticized for many reasons. In order to reach his aim or goal, Forde split the work into three distinct topics; 1) Wealth and Virtue, 2)Read MoreAmerican Society : Money Is Everything960 Words   |  4 Pagesevery aspect of a United States’ citizen’s life. This idea is first shown in the writings of Benjamin Franklin. In 1758, Franklin published â€Å"The Way to Wealth,† and through the character of Father Abraham, he presents industry, frugality, and prudence as the ways to wealth. In modern American society, industry, frugality, and prudence are still the ways to wealth. Benjamin Franklin says in â€Å"The Way to Wealth,† â€Å"If we are industrious, we shall never starve; for, At the working man s house hunger looksRead MoreThe American Ethos And The Contribution By Franklin1372 Words   |  6 Pagesarticle on the autobiography of Benjamin Franklin, Sophus A. Reinert makes the claim that Franklin was instrumental through his writings in creating the American ethos in his work on Advice to a Young Tradesman and subsequently played a part a seminal part in the creation of modern capitalism and globalism through his writing on The Way to Wealth. The concepts introduced in the article are summarized and the concept of the American ethos and the contribution by Franklin to modern capitalism are analyzedRead MoreA Biography of Benjamin Franklin Essay1080 Words   |  5 PagesA Biography of Benjamin Franklin Benjamin Franklin was born into modest circumstances. With sixteen brothers and sisters, there was no room for selfishness. He learned early on the importance of putting others before himself and did not have excessively ambitious plans for the future. As a child, Franklin ...had a strong inclination for the Sea, but his father would not hear of it. He ended up indentured to an older brother, who began his life as a printer. He wasRead MoreEssay on Benjamin Franklins Autobiography1429 Words   |  6 PagesAUTOBIOGRAPHY Benjamin Franklin’s Autobiography is an inspiring tale of his personal, as well as public achievement throughout his life. Franklin’s life embodies the exemplary model of a life composed of discipline, self-reliance and self improvement. From his humble beginnings as an apprentice candle and soap maker in his father’s business to a successful business man, author, philosopher, civil activist, politician scientist, inventor, and diplomat, above all Benjamin Franklin was, and stillRead MorePuritanism and Pragmatism Essay728 Words   |  3 Pagessame continent, John Winthrop and Benjamin Franklin lived in very different worlds. These men are similar in some respects, but overwhelmingly they are different. For example, John Winthrop and Benjamin Franklin can be considered leaders in their time frame. Winthrop led the Puritans; Franklin led his country to war. Both men also possessed many of the same virtues such as patience and work ethic. Despite these simi larities, John Winthrop and Benjamin Franklin had a different style of living andRead More Puritanism and Pragmatism Essay705 Words   |  3 Pagesthe same continent, John Winthrop and Benjamin Franklin lived in very different worlds. These men are similar in some respects, but overwhelmingly they are different. For example, John Winthrop and Benjamin Franklin can be considered leaders in their time frame. Winthrop led the Puritans; Franklin led his country to war. Both men also possessed many of the same virtues such as patience and work ethic. Despite these similarities, John Winthrop and Benjamin Franklin had a different style of living andRead MoreInfluence Of Benjamin Franklin On American Revolution889 Words   |  4 PagesBenjamin Franklin In the American Revolution Benjamin Franklin was one of the most celebrated of America’s founding fathers. A man who enjoyed many things and â€Å"he had many talents such as a printer a diplomat, a scientist, an inventor, a philosopher, an educator, and a public servant.† (â€Å"Benjamin Franklin†) As stated in Britannica, he was born in Boston on January 17, 1706 and died at the age of 84 on April 17, 1790. He was the He was very involved in the American Revolution. What did he do for

Walt Disney Over The Years Has Impacted The Lives Of Millions

Walt Disney over the years has impacted the lives of millions of children with his animated films. His Disney movies have evolved in the last years and have moved from the traditional damsel in distress theme. Specifically, the classic movie Cinderella gives the wrong idea about what it is to be a woman for young girls. The movie portrays a young woman facing emotional, mental, and physical abuse by her evil stepmother and later falls in love with a charming prince. However, if viewers take a closer look, Disney’s anti feminist message is firmly emphasized. The story of Cinderella is sexist due to it’s lesson to girls that beauty and submission will award them a rich bachelor. This is seen through Cinderella’s submissive behavior, Prince†¦show more content†¦Furthermore, Cinderella’s innocent and dreaming tendency shows that women are merely weak beings. They think with their hearts rather than with their brains and are easily influenced by their emotions. For this reason, women need men to protect and secure them. Due to this, girls are presented with the idea that they must be less than men in order to be saved by one. On the other hand, young girls are shown the tendency for females to compete with one another rather than empower each other. Lady Tremaine teaches her daughters to eliminate girls that are better than them. For example, Lady Tremaine locks Cinderella in her room to prevent the Duke from fitting the shoe on her. The film is showing girls to fight tooth and claw with one another in order to get ahead. As a result, women are viewed as only being capable to move up in society by manipulating and betraying others. Women are not capable enough to win positions on their own. Furthermore, Lady Tremaine’s character serves to show how women are incapable of being the matriarch. For example, Lady Tremaine was incapable of handling the family s wealth, which led to Cinderella becoming the servant for the home. For this reason, girls are taught that they need a male figure to handle the finances of the home, while they tend to the chores. The evil stepmother gender role has caused childre n since the film was made, to hold a deep-seated hate towards stepmothers. The lead male role inShow MoreRelatedAllison Martin. Brinkley. English 9 Honors Block 3. 241135 Words   |  5 PagesJanuary 2017 Research Paper The Influence of Walt Disney This world has existed for millions of years; in all of that time there has been a countless amount of people who have done fantastic things. Walter Elias Disney was one of those people that influenced not just a few people, but millions. Disney has done the unimaginable and while doing that he pushed others to do so as well. He impacted the lives of everyone watching him by serving as a role model. Disney was also a monumental influence of theRead MoreWalt Disney Company : A Diversified International Family Entertainment And Media Enterprise With Five Business1531 Words   |  7 PagesThe Walt Disney Company is a diversified international family entertainment and media enterprise with five business segments. The five business segments that contribute to The Walt Disney Company’s dominant long standing success are Media Networks, Parks and Resorts, The Walt Disney Studios, Disney Consumer Products, and Disney Interactive. Leading the company as Chairman and Chief Executive Officer is Bob Iger. Bob Iger joined The Walt Disney Company during Disney’s acquisition of ABC NetworkRead MoreCasey Blackwell. Spc 1608. Professor Workman. 7 February1234 Words   |  5 Pages2017 Walt Disney Introduction I. Open With Impact A. A creative person famously stated â€Å"It all started with a mouse.† You may be thinking that you know who this mouse is, but not too fast. Yes, it is Mickey Mouse, but who was the brilliant man that created this happy little creature? II. Thesis Statement A. Walt Disney has made a significant impact to the entertainment industry with his cartoons, movies, and theme parks. III. Connect With Audience A. Walt Disney created an empire that has playedRead MoreEssay about Disneys Global Struggles1434 Words   |  6 PagesThe Walt Disney Organization has many different business units. For example the company produces movies, television shows, a television network and music. It also has merchandise to support the movies, music, and tv shows. Another entertainment sector of the business is the cruise lines, adventure travel and amusement parks. The amusement parks are located in Paris, Tokyo, Hong Kong and two locations in the United States, Florida and California. We will discuss the park history and some of theRead MoreThe Walt Disney Co. A Diversified International Family Entertainment And Media Enterprise1285 Words   |  6 Pagesâ€Å"The Walt Disney Co. together with its subsidiaries and affiliates is a diversified international family entertainment and media enterprise. It operates through five business segments: Media Networks, Parks Resorts, Studio Entertainment, Consum er Products and Interactive Media† (Forbes, 2014). Globalization and technology changes have impacted Walt Disney Co. by being able to entertain and attract tourism around the world. Starting with the film of â€Å"Fantasia† in 1940, breaking language barriersRead MoreWalter Elias Disney, known by many as â€Å"the man behind the mouse†, was one of the most known people1500 Words   |  6 PagesElias Disney, known by many as â€Å"the man behind the mouse†, was one of the most known people of the 20th century. He was both the dreamer and the do-er who brought his imagination to life through his determination and hard work. Walt Disney became the next Leonardo DaVinci – a significant, genuine artist that impacted society at heart. Disney was full of creativity and lived to share it with the world through his works of art. Although he is not alive today, he continues to impact our lives throughRead MoreWalt Disney Biography Essay1641 Words   |  7 Pageseveryones daily lives. Although, one figure stands out among many, and that man worked his hardest to make his dreams come true, Walt Disney. Disney made a reputation of brilliance and [t]he combination of Disneys desire to try new techniques and his striving to make a better product set him apart from most other animators (Nardo 25). How could anyone forget classics like Mickey Mouse, Snow White and the Seven Dwarfs, Fox and the Hound, the Little Mermaid, and many more all created by Disney? He createdRead MoreWalt Disney : The Greatest Animation Studios1481 Words   |  6 Pagesexploration videos, and Walt Disney World, Walt Disney explored the world of animation and built the foundation for the family entertainment business; he also exchanged his animation and film techniques and styles with the world, and encountered many obstacles in his journey becoming one of the most well-known and inspiring person in the world; Walt Disney Animation Studios, founded by Disney, is the greatest animation studios to this day, and has broken boundaries in many fields. Walt Disney was born in 1901Read MoreWalt Disney Research Paper2318 Words   |  10 PagesApril 2012 Walt Disney Research Paper Walter Elias Disney was an amazing film producer, director, screenwriter, voice actor, animator, entrepreneur and philanthropist. Mr. Disney left this world, impacting and inspiring the lives of everyone and changing the world of movie-making forever. Walt Disney was the creator of popular animated characters such as Mickey Mouse, Donald Duck, Alice in Wonderland, and Snow White. He is the namesake for the Walt Disney Company, Walt Disney Resort, andRead MoreWalt Disney : The Disney Essay2088 Words   |  9 PagesA. The Walt Disney Background (Joceline Q.) The history of how The Walt Disney Company came to be started from a small individual who enjoyed drawing and used art as a way to escape reality, his name was Walt Disney. After the World War 1 ended, Disney went to Kansas City where he later created an animated company that went bankruptcy. Walt Disney moved to Hollywood where he met M.J Winkler a distributor, Disney become part of her production partner. (The Walt Disney Company) In 1927 Disney created

TV show Free Essays

Check, Please! Bay Area is a local TV program, which reviews local restaurants. During each episode, three guests introduce their favorite restaurants to the television audience. Each guest also has to review the other two restaurants that are being featured on the show. We will write a custom essay sample on TV show or any similar topic only for you Order Now Together with the host, the three guests gather around a table and talk about their experiences. The host of the show, Leslie Sbrocco, who has blond hair and wore a brown suit, talked throughout the program with a warm smile on her lips. Her guests were two guys, mark and Modesto, and a lady, Rachel. Mark is around thirty and a youth worker. Maybe because of his job, he has a great sense of humor and was the most interesting person on the show. His skin is brown and his body is big, which made him look like a huge but nice potato. His favorite restaurant is New Kapadokia, a Turkish restaurant. Modesto looks older than Mark and lives in San Francisco. His favorite restaurant, Aperto, is also located in the city. Modesto looks affable and kind. He had black and gray hair and wore glasses. The last guest, Rachel, is an art director. She is also a blond and wore a blue sweater. Rachel dressed kind of elegantly and likes elegant restaurants. The restaurant she preferred, Massa’s, was predictably expensive and formal. The room where the four of them sat looked like a dining room. In the center of the room was a large table on which set four glasses of wine. On other words, the host and guests sat around the table as if they were old friends having dinner and chatting in a luxurious dining room. The first restaurant they talked about was New Kapadokia, which was highly recommended by Mark. Mark lived in Turkey as a teenager and has wonderful memories of Turkish food. He told Leslie Sbrocco and other two guests that the first time he dined at New Kapadokia it was love at first sight. The restaurant, whose name comes from a real region of Turkey, is located in Redwood City. It is a medium sized restaurant with French windows, white table cloths and comfortable wooden chairs. Turkish pictures decorate the bright-yellow walls and make the environment distinctly exotic. The dishes are genuine Turkish style cuisine, according to Mark. Executive Chef, Meral Guvenc, has several signature dishes, which include kebabs, stuffed eggplant and one particular appetizer hat looks like a spring roll. Mark described the situation when he had first tasted this appetizer. â€Å"While my wife talked,† he said, â€Å"I just pounded them into my mouth. † Everyone laughed. During the meal, a few cups of flavorful tea were used to enliven the meal. The Turkish tea is served in small Turkish glasses and presented on shiny brass trays. Finally, the other two guests gave restaurant a good review. Since the location is unpretentious, people can afford it and still have a wonderful dining experience. The second restaurant was Aperto, which has been at the same location in San Francisco for 60 years. Similar in size to New Kapadokia, it is medium sized with twenty tables and French windows along the sidewalk side of the restaurant. The tables and chairs are of wood. The restaurant was very simply decorated but still looks neat and pleasant. The cuisine is Italian, and all the food is prepared with local Bay Area ingredients. The signature dishes of Executive Chef, Laura Guagliano-Montiel, are taglioline pepati, roasted chicken and butternut squash ravioli. There are also special recommendations from the chef everyday. Modesto said, â€Å"They are always different, but the special are always really special. The restaurant served only wine and beer,, and Rachel said that she and her husband were disappointed with the meal. However, the guys still thought it was a nice place to hang out with friends or to have a casual meal with a family since the price is reasonable and the restaurant attracts open and friendly people. All in all, it is an affordable neighborhood restaurant. The last restaurant was Masa’s, the one recommended by Rachel and, of the three restaurants featured on this particular program, the most elegant. Like Aperto, Masa’s is also a San Francisco restaurant. It is also a medium sizes restaurant but with no windows. All the light comes from the red-covered lamps hanging from the ceiling, which according to Rachel, are Masa’s most excellent decorations. The light is soft, with huge dark-red reflections on the floor. This lighting gives the restaurant a fabulous and somewhat mysterious atmosphere. The dark colored walls are decorated with simple-style pictures, copper statues and light-colored curtains, which create a wonderful contrast to the rest of the room’s deep richness. The cuisine offered by Masa’s is very contemporary French. Every course is somewhat sparse but very delicious. A very extensive wine list provides to the adventure in dining. Dinner at Masa’s is a journey to elegance. Mark said that he was nervous throughout the dinner. The prices are quite high, but the service, the food, and the ambience are exceptional. There are even private dining rooms. Rachel called it a fabulous five-star dinging experience. Generally speaking, this restaurant is expensive but classic and wonderful. If a formal dinner is needed or, if people want to try the good service, Masa’s is a good choice. Of the three restaurants featured on this particular episode of Check Please, New Kapadokia seems to be the best choice. It showcases casual-style dining at affordable prices for both lunch and dinner. Aperto and Masa’s also look like excellent choices, especially for people who live in the city. The reviews left by the audience who had been to these restaurants gave New Kapadokia the most support, so it is probably a good idea to go there first if you want a new dining experience. Some of the people said that the airing of Check Please, the restaurant become overcrowded, maybe it’s a good idea to make your reservation well in advance. How to cite TV show, Essay examples

Sensitivity Analysis and Parametric Programming

Question: Discuss about the Sensitivity Analysis and Parametric Programming. Answer: Introduction: The managers have showed their interest in the project by taking into the consideration the long-term benefit, which is attached with the project. The managers of the project have targeted the impact, which will be on future because of increasing fuel prices and the steps, which the government should take in order to reduce the impact of the air pollution. In addition to this, the managers are inclined to use the subsidiary benefits, which have been offered by the government (Aalto 2012). The managers have also stated to use the waste material in the form of raw material for new venture, as this will form an additional cost saving benefit for the company. It is worth mentioning that among the several tools of capital budgeting available Net Present value and annual annuity method is considered as the best suited technique which the company can use to determine the long term viability of the project in the log-run. Such tools would help in evaluating the changes of key variables such as sales and price of ethanol depending upon the feasibility of the project (Channon and Jalland 2016). In order to understand the value of the project, the managers should perform breakeven so that it can meet the environmental requirement regarding the disposal of waste beer. Coors stated that he could be satisfied with breakeven only if the project would cut down the further VOC emission assisting them to avoid any probable fines. It is noteworthy to denote that the investment analysis commenced with the forecasting of future cash flows. The incremental value for the project is to make pure fuel graded ethanol with incremental value of 5% of the gasoline, which must be added in contrast to the current price per gallon of gasoline. The managers have estimated that cost to be 15% of the revenue representing the incremental value of the project. The company anticipates it to be relatively stable for the next five years and this would for an approximate 20 cents per gallon of the ethanol. Rick on the other hand responded that the initial production capacity of 1.5 million is needed per year (Edwards 2013). The anticipated production for the initial year is 1.3 million of the gallon, which is anticipated to grow by 15% from the year 1994 to get 30% of the revenue per gallon and anticipated growth rate of 34% from the financial year of 1997 to 1998. The proposed production capacity with the current initial outlay should reach to two million gallon by the end of 1998. Being a joint venture Coors is aiming to realise a signi ficant portion of debt by splitting the current portion of the revenue between Coors and Merrick in a ratio of 30/70. Splitting would enable Coors to realise 30% of the revenue per gallon of ethanol. Cost involved for the project consists of freight cost, which amounts to $300 per truck for number of 30 trucks per day. Cost also include 10% of the factory time in order to manage the processing of yeast (Horngren et al. 2013). The average wages, which will be incurred over production process, accounts for $9.33 per hour. On the other hand, as far as benefits are concerned an anticipated savings of $0.30 for transportation are more likely to be earned. Coors also anticipates revenue of 30% of the revenue per gallon with a benefit of 40 cents per gallon and a tax incentive of 51 cents per gallon would be add beneficial for ethanol production. To analyse the appropriate opportunity cost of the project Coors should consider the weighted average cost of capital. Significant data were gathered to take into the consideration the weighted average cost of capital (Indounas 2014). The average market return for the project is estimated on the monthly data, which represented 12.6%. The estimation of the premium risk was based on the market risk where index data reflected 8.29% by taking into the consideration the inflation rate of 1991-1995 depending upon the consumer price index of 3.1%. Coors further planned to use this data to obtain a real discount rate so that it can discount the projects cash flow. Furthermore, to evaluate the viability of the ethanol project the Weighted Average Cost of Capital along with the beta value of company should be considered to understand the viability of the project. This is because the Peter knows the beta value of the company. However, the WACC of pioneer group had been decided to evaluate and d raw a comparable result with its competitor (Ittner and Michels 2015). The beta value of Great Plains is estimated to be 1.84 and the computations are based on the regression results performed for the last five months return of Coors. Depending upon the quantitative analysis Peter Coors optioned that the stewardship of the environment should be viewed as both personality responsibility as well as value for public. He went a step further by evaluating the quantitative as well as the qualitative aspects of the projects. By evaluating, the project based on the qualitative data by taking into the consideration the economic, environmental and social issues, which are concerned with the project (Morano and Tajani 2013). By undertaking the data obtained from the quantitative analysis it provides diversification of benefits of investments for the production of ethanol production. This is because the production of ethanol is not related to the production of beer. The study also reflects that undertaking the quantitative analysis ethanol additives would help in reducing the footprint of carbon in environment. This helps in promoting positive public relations for the company by being a good steward of the environment. In researching the ethanol prices, it has been discovered that the average whole price or in other words the rack price of ethanol during the last five years commencing from 1991-1995 was approximately around $1.20 per gallons. It is assumed that the current selling price of $1.35 per gallon of ethanol would fall down to approximate $1.20 per gallon. The assumption is relatively based on relative stableness for the next five years (Peters and Wieder 2015). On the other hand, the average demand for the ethanol will be based on the average factory wages. It is assumed that the aggregate factory worker wages is approximated around $9.33 and the Coors plans to use seven employees by dividing the shift into three eight-hour shift per day for distillation process of ethanol. The sensitivity of the data is based on the projected market analysis as the entire estimation is based on the historical data. The data are collected for the computation of the required rate of return of equity. The sensitivity of the data is based on the average risk free rate for treasury bills of three month, which is estimated to be around 4.31%. Such data could be viewed as market risk as it is based on the assumptions of 1991 to 1995 with SP index of 8.29% (Pratt 2013). The sensitivity of data is based on the average inflation rate from 1991 to 1995 depending upon the consumer price index of 3.1%. The sensitivity of the data is also based on the capital structure of the company with as the information of market structure values and interest rates of various type inflations. In addition to the financial analysis qualitative factors forms the imperative part for any undertaking any project. In the current case study, qualitative elements consist of the environmental and social factors concerning the project. The managers have cited that the economic viability of the project seems to be well organised as it involves diversification. Project diversification for the current study consist of the benefits, which will be obtained from the investment made in the ethanol production (Horngren et al. 2013). It should be noted that the production of ethanol is not related to the business of beer production. Furthermore, certain illustrations of qualitative issues have also been highlighted in this project, which should not be ignored. As stated by John that VOC emission which contaminate air at the projected savings of $33.00 per Tc of carbon Dioxide provides ethanol with additional additives, which lowers down the carbon footprint of the environment. The qualitativ e measures help in establishing enhanced public relations for the organisation, which ultimately promotes a better stewardship of the environment. To conclude with the project regarding the perceived trade-off for doing well and doing good there were a large number of information that has been provided to perform the relevant projections concerning the project. Based on the certain information received a forecasted cash flow statement was pending to be prepared depending upon the information received for the project. Preparation of the forecasted cash flow would enable the managers of the project to produce the Performa of Income statement (Peters and Wieder 2015). After preparation of both the projected cash flow and income statement is prepared, the management need to decide the appropriate amount of beta value to be computed which would decide the feasibility of the project by reflecting the Weighted Average Cost of Capital. Once the discounted rate of figure is obtained from the computation, the management need to evaluate the feasibility of the ethanol projected by comparing the data or figure obtained from the current mar ket projects. In addition to the above stated analysis, the management also need to perform the sensitivity analysis, which Peter has asked with Rick to derive certain data needed to assess the financial feasibility of the ethanol venture (Ittner and Michels 2015). The managers could make the conclusion of investigating the data of sensitivity analysis, which would help in highlighting the changes to be made to the key variables in accordance with the several economic and operational perspective. This would enable the mangers to derive conclusion of the result obtained, which would form a key variable regarding the certain changes to be made in the variable inputs (Baucells and Borgonovo 2013). Changes to the variable inputs consist of the demand for ethanol, current or prevailing conditions of the economic state, existing oil crisis, and increased level of competition from different alternatives of fuels along with the operational efficiency. It is evident from the project that the managers still need to perform several works but the overall assessment of the project provides that the production of ethanol is environmentally friendly keeping in view the sustainability of the project (Morano and Tajani 2013). The decision of making an investment in sustainability of the project allowed the managers to evaluate several business issues relating to the finance cost, accounting, management of operations and environmental management. The degree of reducing waste disposal cost and generation of revenues is the focus point concerning the project as it significantly provides the management of encouraging investment in environmentally safe projects. Reference List: Aalto, H., 2012. The compliance of budgeting and forecasting methods with organization design.Administrative Science Quarterly,41(1), pp.61-89. Baucells, M. and Borgonovo, E., 2013. Invariant probabilistic sensitivity analysis.Management Science,59(11), pp.2536-2549. Channon, D.F. and Jalland, M., 2016.Multinational strategic planning. Springer. Deegan, C., 2012.Australian financial accounting. McGraw-Hill Education Australia. Edwards, J.R., 2013.A History of Financial Accounting (RLE Accounting)(Vol. 29). Routledge. Gal, T. and Greenberg, H.J. eds., 2012.Advances in sensitivity analysis and parametric programming(Vol. 6). Springer Science Business Media. Horngren, C.T., Sundem, G.L., Schatzberg, J.O. and Burgstahler, D., 2013.Introduction to management accounting. Pearson Higher Ed. Indounas, K., 2014. CASE STUDY on BREAK-EVEN ANALYSIS.The ROI of Pricing: Measuring the Impact and Making the Business Case, p.142. Ittner, C.D. and Michels, J., 2015. Risk-Based Forecasting and Planning and Management Earnings Forecasts. Kaplan, R.S. and Atkinson, A.A., 2015.Advanced management accounting. PHI Learning. Mnster, J.G., Samuelsson, J., Kjeldsen, P., Rella, C.W. and Scheutz, C., 2014. Quantifying methane emission from fugitive sources by combining tracer release and downwind measurementsa sensitivity analysis based on multiple field surveys.Waste Management,34(8), pp.1416-1428. Morano, P. and Tajani, F., 2013. Break Even Analysis for the financial verification of urban regeneration projects. InApplied Mechanics and Materials(Vol. 438, pp. 1830-1835). Trans Tech Publications. Peters, M. and Wieder, B., 2015, October. Performance Measurement Information Systems: Do They Convey (Sustainable) Competitive Advantage? In8th Conference on Performance Measurement and Management Control. Pratt, J., 2013.Financial accounting in an economic context. Wiley Global Education.