Capital budgeting decision Coursework Example | Topics and Well Written Essays - 250 words

Capital budgeting decision - Coursework Example Michael Evans investing in vineyard Garrison, Noreen, & Brewer, (2014) was a good decision. Growing a vineyard in an opulent estate where land is expensive was an enormous capital outlay. The property is utilized in investing in a less costly business decision of investing in vineyard plantation rather than real estate that is more capital intensive. Michael Evans opened a cooperative society business. He relinquished vineyard-growing business to other investors. Michael Evans made a wise business decision. Selling and lease back where he charged the new investors a one-off fee of $85,000 and an annual maintenance fee of $3,500 to process one bottle of wine Megan, (2014). Through this, he raised initial capital to fund his cooperative business investment. In conclusion, the cash flows of the new business line are guaranteed. The business may use this annual cash flow to invest in other long-term projects. Michael Evans is a realized the importance of the net present value of the assets and utilized opportunity to invest in a new business

Ethical Guidelines Essay Example | Topics and Well Written Essays - 500 words - 1

Ethical Guidelines - Essay Example The American Statistical Association on their part should ensure that everybody using statistical practices is well informed on the Ethical guidelines for statistical practices. The importance of statistical analyses in our current society cannot go unnoticed. Statistical practices are employed in various sectors in the economy such as health sector, education, environment, agriculture, industry and many other sectors. Therefore, an ethical decision-making in statistics practices in inevitable. Before making any statistical decision, proper professionalism must be adhered to. The decision maker has to ensure relevance before making the final statistical decision. For instance, before making any policies that may arise from statistical results, statisticians have to take into consideration the long-term effects that the policy will have on the general public. The ethical guidelines require that the researcher should ensure that adequate statistical and subject-matter expertise in both applied to any planned study. Therefore it is unethical for somebody who is experienced on agriculture to undertaken research on a medical field where he/she has no expertise. In terms of responsibility, the guidelines clearly states that a person should maintain personal responsibility for all the work bearing his/her name. This will ensure that plagiarism is avoided at all cost. The field of statistics is characterized by many stakeholders. This is because many people have personal or public interests in the results of the statistical practices. The most likely stakeholders in statistical studies are funders, clients and employers. Funders are those who sponsor the entire study and are mostly interested on the positive results from the study. They may use the results to make policies that may serve their interest or the general public’s. In most cases NGOs and