FM Essay Example | Topics and Well Written Essays - 1500 words

FM - Essay Example An increase in the scale of production could likely result in changes to both fixed and variable cost. Increasing the scale may lead to increased fixed cost. Additionally, buying more raw materials could result in a lower cost per unit. Furthermore, producing more of an item could lead to higher hourly rate for labour as overtime may be necessary. Overtime is normally charged at a higher rate of time and a half. Break even analysis, assumes that the quantity of Racey that is produced will be sold. It may not be possible for JxCorp to sell all the products produced. Profit is calculated on the quantity of goods sold and not the quantity of goods expected to be sold. Additionally, JxCorp may not be selling Racey to one customer. Other customers may demand a lower price per unit. Break-even analysis breaks down as it assumes there is only one market for the product and all units are sold at the same price. It does not take into consideration that JxCorp may have to sell Racey to different customers at different prices. It uses only one selling price to determine how changes in volume sold will affect profits. It is common practice to sell goods at different prices to different customers. The weighted cost of capital is the weighted average of the components of capital (Brigham and Ehrhardt 2005). In this case, the components are equity and debt. The calculation of the weighted cost of capital WACC is shown in Table 4 below. The calculations in Table 4 indicate that WACC is 11%. The weight of each component is 50% (0.5). The symbol Wd represents the weight of Debt and We the weight of equity. The symbol rd represents the interest rate on the debt which is 9% and re the return on equity which is 15%. The corporation tax rate, T is 22% or 0.22. The information in Table 5 indicates that capital allowances of  £100,000,  £75,000, and  £56,250 were charged in years 1, 2 and 3 respectively and balancing charge of  £168,750 in year 4. The

Edna Manley Essay Example | Topics and Well Written Essays - 1000 words

Edna Manley - Essay Example However, her later works were done in clay and cast. The sculptors she made were greatly influenced by the cultural changes taking place in Jamaica at the time. Her art was aimed at reflecting the Jamaican culture and the experiences Jamaicans were undergoing at the time. During the early 1920s, after she had returned to Jamaica from England, Edna realized that Jamaican middle class expected all women to be subjects of their husbands and operate in their shadows. However, she was a keen observer of the Jamaican way of life, and through this observation, she got inspiration for her work. Beadseller is the first bronze casting sculptor she created in 1923. The beadseller was a sharp and lean body depicting a person undergoing hardships. This piece personified the suffering and troubles many people in Jamaica went through. Through her work, Edna also attempted to elevate the status of women in the society. Unlike many other artists at the time, her style mainly centered on women, for instance, in 1928, she created the carving Eve from mahogany. This image had rounded and sensual body forms (Laduke, 37). This piece was recognized as one of Edna’s important works in which she acknowledges the mother of mankind. Through her art, she was able to recognize the role women had in the society. For instance, in her work The Message (1977), Edna shows two women sharing a secret. She claimed that she saw these two women in the market place and knew that it was a secret an older woman tells a younger one. Other works with the theme of older women include Man-Child (1974) and The Ancestor (1974) (Laduke, 37). She was a champion and advocate of the Black Jamaican rights and freedom. Through her works, Edna was able to show the world that Black Jamaicans were capable and ready to make a contribution to the Jamaican society and the world as a whole. These works represented the quest for a new order in the Jamaican society. Two of such