How Many Questions Can You Miss for a Perfect SAT Score

What number of Questions Can You Miss for a Perfect SAT Score SAT/ACT Prep Online Guides and Tips Consistently around 500 understudies get an ideal score on the SAT. What number of inquiries would you be able to get off-base and still be among this world class gathering? Discover here in a total breakdown ofthe Math and Evidence-Based Reading and Writing segments across eight authority SAT practice tests. How Is the SAT Scored? To see what number of inquiries you can get off-base and still accomplish an ideal 1600, you have to see how the test is scored. I'll give a concise synopsis here, yet in case you're keen on more insights regarding the scoring procedure, look at ourguide onhow to ascertain SAT score. For the entire test, you get one point for right answers, and you get zero focuses for an off-base answer and questions skipped. Since you’re not punished for wrong answers, skipping or responding to an inquiry mistakenly brings about a similar score. NOTE:The exposition isn't calculated into your composite SAT score (400-1600 scale), so I won't examine it further in this article. Be that as it may, for more data on the new SAT paper, read our other guide. To compute your Math segment, you start by figuring a crude score, which is essentially the quantity of inquiries addressed accurately (on the off chance that you addressed 50 effectively, your crude score is 50). For the Evidence-Based Reading and Writing area, you start by figuring two crude scores: one for the Reading segment and one for the Writing and Language partition. Similarly as in the Math segment, the crude scores are only the quantity of inquiries addressed accurately. For the two areas, every crude score is then changed over into a scaled score - the specific transformation differs by test date. Be that as it may, the College Board gives this model outline intheir SAT practice testas a gauge: We should experience how the scoring functions for each segment in more depth.For Math, the crude to scaled score change is basic. Let’s state you miss two inquiries (you got 56 right out of 58 inquiries); your crude score will be a 56. You at that point locate the relating scaled score for Math on the diagram, which is 790. Your Math segment score would be a 790. For Evidence-Based Reading and Writing, the change is somewhat more muddled since you get two crude scores. On the off chance that you missed three inquiries in Reading (got 49 of 52 right), your crude score would be 49. On the off chance that you missed ten inquiries in Writing (got 34 of 44 right), your crude score would be 34. You at that point locate the comparing scaled score for every one of those segments: Perusing: 49 inquiries right = 38 scaled score Composing: 34 inquiries right = 32 scaled score Next, you include the two separate scaled scores and increase by 10 to get your Evidence-Based Reading and Writing segment score. (38 + 32) x 10 = 70 x 10 =700 Your Evidence-Based Reading and Writing area score would be 700.Now let’s return to the first inquiry. Precisely How Many Questions Can You Get Wrong or Skip and Still Get a 1600? Since the scores on the individual areas are basically included to make your composite SAT score, you have to score 800 on the two segments (Math and Evidence-Based Reading and Writing) to get a score of 1600. In the graph underneath, I have broke down eight authority SAT score diagrams and decided the quantity of inquiries you can get off-base or skip on each piece of the test for a 800 in the segment. These official practice SAT were composed by similar individuals who compose genuine SATs. This implies they're an incredible asset for examination since you can be certain they'll be fundamentally the same as the SAT you take on test day. NOTE: Since you’re not punished for wrong answers, skipping versus responding to an inquiry erroneously brings about a similar score. Number of Questions You Can Get Wrong in Each Section and Still Get a Perfect Score Math Perusing Composing All out Test 1 0 1 0 1 Test 2 0 0 0 0 Test 3 0 1 0 1 Test 4 1 0 0 1 Test 5 0 0 1 1 Test 6 0 1 0 1 Test 7 0 0 0 0 Test 8 1 0 0 1 Regularly, to get a 800 in Math, you can't miss any inquiries since you have to get a crude score of 58 (out of 58 inquiries). Incidentally, a SAT will permit you to find one wrong solution in Math as should be obvious on Tests 4 and 8. Nonetheless, I would not depend on that, as it isn't the standard. In case you're focusing on 1600, take a stab at flawlessness in Math. To get a 800 in Evidence-Based Reading and Writing, you can't get any inquiries wrong on the Writing and Reading partitions. Once in a while, a SAT will permit you to misunderstand one or to skirt one as should be obvious on Tests 1, 3 and 5 for the Reading segment, or Test 5 for the Writing segment. In any case, similarly as with Math, that isn't the standard. In case you're focusing on 1600, plan to misunderstand zero in Evidence-Based Reading and Writing. Generally, on the SAT, you should mean to get no inquiries wrong on the off chance that you need an ideal score.This is no simple accomplishment, however it is conceivable. All things considered, around 500 understudies do it every year! I don't get This' meaning If You'reTrying to Get a 1600? You have to ensure that you can complete the whole test in the dispensed time since you can't stand to skip or miss any inquiries. For Math, you should be essentially great. You can see, through my investigation, on six out of eight Math areas, you can't get any inquiries wrong on the off chance that you need a 800. For Evidence-Based Reading and Writing, you additionally should be essentially great. On three out of eight Reading partitions, you could misunderstand one and still get 800, however you can’t depend on having that chance. On seven out of eight Writing segments, you can't get any inquiries wrong in the event that you need a 800. What's Next? Attempting to get an ideal SAT score? You should look at our SAT investigation manage. Taking the SAT soon and need to improve your score in a rush? Peruse our SAT packing guide. Focusing on the Ivy League? Peruse our manual for getting in! Need to improve your SAT score by 160? Look at our top tier online SAT prep classes. We ensure your cash back on the off chance that you don't improve your SAT score by at least 160. Our classes are completely on the web, and they're instructed by SAT specialists. On the off chance that you loved this article, you'll love our classes. Alongside master drove classes, you'll get customized schoolwork with a great many practice issues sorted out by singular abilities so you learn most successfully. We'll additionally give you a bit by bit, custom program to follow so you'll never be confounded about what to concentrate straightaway. Attempt it chance free today:

International Management Essay Example | Topics and Well Written Essays - 1000 words

Worldwide Management - Essay Example The firm should be rebuilt to stay aware of its worldwide development and an arrangement should be created to change the association to accommodate its new global status. Tossavainen (2005, pg. 1) guarantees that, the usage of a venture asset arranging framework in a global endeavor can be clarified by the accompanying components: 1) hierarchical mindfulness, 2) blemished self-governance, 3) change direction, 4) change triggers, 5) Enterprise Resource Planning framework effect, and 6) fruitful execution. The executing association characterizes ERP, it must mirror the MNE procedures and the executives. In this way, new authoritative capacities are required for the executing association to accomplish the guaranteed benefits related with the ERP. So as to execute compelling arrangements, cautious association and arranging must be followed. A model should be built up that can be followed cautiously. An ERP must be empowered for long haul use. So as to achieve this, single direction is to actualize it through starting usage, improvements, organization rollouts, backing of the utilization, and redesigns (Tossavainen, 2005, pg. 1). It is additionally recommended that authoritative instruments are refreshed. Global undertakings are entrancing to look into because of their condition of consistent change. The data frameworks that are utilized in global undertakings make it hard for consistency in all cases since the parts of the association are situated in a wide range of areas. Luckily, new data frameworks are currently being built up that take care of this issue, for example, undertaking asset arranging frameworks. They are intended to incorporate operational information with coordinations business forms (Tossavainen, 2005, pg. 1). Because of big business asset arranging arrangements, organizations would now be able to work serenely on a worldwide scale. What the Literature Says About the Subject Research is being provoked here because of the expanding multifaceted nature of global undertaking the board. It is additionally being incited in light of the fact that much endeavor asset arranging research that is as of now in presence is uncertain in nature and there is a lot of disappointment in execution of the frameworks. As per Tossavainen (2005, pg. 1), another changeless association structure that coordinates business and data innovation (IT) spaces is expected to achieve assortment of assignments identified with the ERP framework. How a Firm Gains a Status of Multinational Corporation As indicated by Tossavainen (2005, pg. 1), A MNE has a few units across isolated topographical areas with various degrees of opportunity in their exercises. Henceforth, a MNE is topographically, time-wise and ecologically (both remotely and inside) differing. Part II Presentation This situation presents the instance of an organization that sells clothing for people. The supervisor has chosen to put into a firm in Romania that will create the item for the organization. In that capacity, he is sending an administrator for the auxiliary, a bookkeeper, and a designer for the Romanian firm. A Plan for Organizational Change in a Multinational Enterprise The fundamental blueprint for the authoritative arrangement change in this

Temporary Band Entry Title

Temporary Band Entry Title The MIT Marching Band, completely arbitrarily, decided to go out tonight and give a free midnight concert all over campus except for Building 10 and Killian Court. No, really. Our audience included the Stata Center, countless Biology graduate students in buildings 56 and 68, the campus police, both parallels of East Campus, and somebody in a chicken costume. Most frequently used line of the evening: If you or anybody you know is interested in joining, let us know at marching underscore band at mit dot edu! And so should you! Story tomorrow. Im spent. Hokay, so. Our journey began, as most good journeys do, at the Student Center, where we had to decide exactly where to give our free concert to celebrate the first of November. The Beatles had already done the whole concert-on-the-roof thing, and we were spontaneously struck with the idea that Killian Court might also not be so smart, so we decided that a good place to start might be the loud, echoey parking lot behind Building 13. So, we got into a 2 x 4 block and started our march to the secret vocal cadence. Unfortunately, since we were too lazy to wait another 35 seconds for the light to change at Mass Ave, we had to break formation momentarily and run across the street like hungry termites. We then reassumed formation and marched down the Infinite to the tune of Sweight, which was requested of us by the janitorial staff. Believe me, as an MIT student, you dont want to get on the bad graces of the janitorial staff. WATE is perhaps the only song that we are actually proficient at playing, and thus we do three separate versions of it. Poo-wate is played on instruments, Sweight is sung in four-part a capella harmony, and Kuwait is played on kazoos. Just plain WATE is the signal for some unholy combination of the three. So, we stood in the parking lot and played Mission Impossible, which I had spent like 20 minutes lovingly arranging for the occasion. The band found it surprisingly playable, which was my goal. We moved about fifty feet, turned our backs on the Great Dome, and serenaded a lamppost with Ghostbusters. I wanted to stay and watch its flower growin, but we had more important business to attend to. A chorus of Kuwait later, we ended up at a proscenium in the Stata Center. And hey, that looks pretty echoey. So, we decided that the Course 7: Biology grad students still hanging out in Building 68 at 1 AM needed some entertainment, stood facing the proscenium, and played two songs that I dont entirely recall. Ah, the acoustic was gorgeous, and we could have played there all night, but we had other business to attend to, so we unfortunately had to leave. So this is where things start to get strange. Well, were now at Building 66, which Ive mentioned before, and this is like 35 steps away from East Campus, although youd never really guess that by the number of EC residents who are late for the Course 10 classes held there. So, we decided that a brief concert for the residents of the dorm were in order. Hey, it was only like 12:45, the night is still pretty young for an MIT student, and like half the band lives at EC anyway. We marched through the courtyard with an expeditious renditions (tongue twister) of Lets Go Tech and Poo-wate, then left in some confusion when we thought we saw the housemaster coming out. Well, now were at the Great Sail. And, yeah, that weird black monstrosity may not be the most traditional piece of art in the world, but it actually looks like a really cool place to give a concert, and the EC residents might not find it quite so loud. When Im grown up and the lead singer of a world-famous progressive rock band named Tenzing, Im totally going to give a free concert here. Maybe during Fall Festival. So, we got through Indiana Jones and one chorus of Heart and Soul, I believe, when the Campus Police came and we dispersed like gas molecules undergoing the Joule-Thomson expansion (that is, adiabatically). However, as police car went by, one of us heard the officer say, Aww, come on, guys, we were just coming over to hear you play! Uh, he may have just been trying to gently suggest that we keep the noise down a little bit, but, hey, he did say that he wanted to hear a song, and the Campus Police are another group that you really dont want to upset too much. So, when they passed by again, I asked, Would you really like to hear us play, officer? Somehow, he said yes, so we detained the car for another two minutes with another improvised rendition of Heart and Soul. Maybe they appreciated it, maybe not. Then someone from the Crime Club came by. And, I mean, when youre causing a noise disturbance at 1 AM and the police have just left, somebody from the Crime Club is also going to put you a little bit on edge. Luckily, he said that he actually really appreciated our Mission Impossible, and as an added bonus gave us kits to detect dangerous drugs in cocktails or determine somebodys blood alcohol level from their saliva. Ken, our sousaphonist, was very happy, because as an ASA person he allocated money to the crime club, so he appreciated that the money was actually being put to good use by a student group. Then Tim from Third East came down and inquired about our band. I would have pegged Tim as living in like, Macgregor just from looking at him, so I guess it shows that even after three years of being at MIT, Im still not that good at reading people. Anyway, Marching underscore Band at MIT dot edu!! we cried, but Tim then revealed that he couldnt really play any traditional instruments. The nine of us were ready to accept him on beatbox, but then he demonstrated his remarkable ability at vocal trumpet. So, Tim, if you still want to join, the next meeting should be this Saturday at one-ish. Then the Mad Hatter came and wondered why we were out so late at night. Well, this is the kind of thing you expect when you give a concert on the night of Halloween. A bunch of his goth and drag-sporting compatriots yelled at us, but we retaliated with a rendition of Charge. This made them go away. Or maybe they were just really tired. Its kind of inconsequential. Anyway, it was getting around half past one, and we decided that it was time to bring our concert to a close. We marched stealthily down Memorial Drive until a rollerblader (EDIT: Roller skiier) passed by and wondered aloud, What, no Tequila?' Well, we hadnt been able to deny such a request all night, so we broke out in a two-and-a-half part a capella version as we marched somewhat jauntily to Mass Ave. And then comes the one moment that turned this whole experience instantly from just Hmmm, that was an interesting night to This was like Un Chien Andalou, except without slicing open the pigs eyeball. We were passing Bex(xx)ley when someone in a chicken costume approached us. Okay, its Halloween, thats not too weird. So, we jokingly said, Ha, I wish one of us knew the Chicken Dance. Oh, Mr. Chicken, youve brought a boom box. That plays only the Chicken Dance. How convenient. Oh, you want us to dance? Im down with that. But its kind of hard for those of us wearing bass drums and sousaphones. Oh, you want us to play? Were down with that too. Oops, you brought a recording thats in F#. But, hey, well try. Okay, thanks. Hugs all around, Mr. Chicken. Then he went back across the street, presumably to his handlers, never to be seen again. The funny thing is, each of us thought that the other was the stranger person. somebody We closed off our concert with two more tunes at 77 Mass Ave, then headed back over to the Student Center. On the ground level, we ran into a group of freshmen that was really a lot larger than you should run into on a Monday night at 2 AM during classes. But, we happily ignored that fact and gave them a stellar encorea stellar Poo-wate, Kuwait, Sweight medley that no doubt left them in total awe of our performing abilities. Well, didnt it, Laura? And then we got back to where we once belonged. Ah, such a great night. I think its time for a bonus entry.

Freedom and Kate Chopins Story of an Hour Essay - 1668 Words

Freedom and The Story Of An Hour When I first read Kate Chopins The Story Of An Hour, my instinctual response was to sympathize with the character of Mrs. Mallard. This seemed to me to have been intended by the author because the story follows her emotional path from the original shock upon hearing of her husbands supposed death to her gradual acceptance of the joy she feels in anticipating her new freedom to the irony of her own sudden death. However, one fact cannot be overlooked when judging my personal reaction to this piece. Because this storys theme is basically an issue of what a woman has the right to expect from her life, the fact that I am a woman living in a society where freedom and independence are†¦show more content†¦Mallard when I thought she was reacting with violent sorrow to the death of her husband just the same as I was when it became clear that she was looking upon her future without him in a kind of cheerful anticipation. Perhaps this is due to the fact that in both ins tances her feelings were set apart from what those of the average woman of her day would have been. Living, as I do, in a time and place where the image of a strong and independent woman is accepted as the culmination of a long journey of struggle (which continues to be waged) against a history of male domination, it almost goes without saying that a female who stood unabashedly apart from the condescending machismo of her day is to be respected as living before her time. During my first reading of the story it was almost as if my emotive response as a reader was following exactly the course of response of Mrs. Mallard herself. Firstly, there was sorrow. Sorrow for Mrs. Mallard, who is not only afflicted with a heart trouble(pg 275, P1) but now has also lost her husband. Notice that I say sorrow but not pity. I had too much admiration for her character to feel the condescending emotion of pity. The first sentence I came to which may have had the power to evoke a sense of pity is this: She was young, with a fair, calm face, whose lines bespoke repression and even a certain strength (pg 275, P8). However, Chopin immediately counteracted the word repression (whichShow MoreRelatedEssay on Freedom in Kate Chopins The Story of An Hour1087 Words   |  5 PagesFreedom in Kate Chopins The Story of An Hour In Kate Chopins The Story of An Hour the theme is found within the concept of how someone can be trapped in a repressive, unsatisfying reality because of anothers thoughtless oppression and manipulation. When combined with the contemporary societys beliefs --- presumably the later half of the 19th century for this story -- a further understanding of Chopins thoughts and feelings can be realized. Mrs. Louise Mallard, the victim and messengerRead MoreFreedom And Freedom In Kate Chopins The Story Of An Hour1223 Words   |  5 Pagesâ€Å"The Story of an Hour†, a powerful short story to express the pursuit of freedom from one woman’s perspective. In this story, Kate Chopin creates a female character who has been suffering from heart disease and can’t handle too much shock in her life. A story about an unfortunate woman who receives her husband’s death news accidently. To express an idea of women’s freedom, the story is based on how she reacts to the news of her husband’s death and how her mind changed during the ordeal with the badRead More Discovering Freedom in Kate Chopin’s The Story of an Hour Essay589 Words   |  3 PagesDiscovering Freedom in Kate Chopin’s The Story of an Hour As humans, we live our life within the boundaries of our belief systems and moral guidelines. Yet, one unexpected event can suddenly knock us out of our comfort zone and thrust us into a completely different arena. Such is the case of the central character in Kate Chopin’s â€Å"The Story of an Hour.† Louise Mallard, upon hearing the news of her husband’s tragic death then subsequent revelation of its fallacy, finds herself quickly movingRead More Essay on the Search for Freedom in Kate Chopins The Story of an Hour595 Words   |  3 PagesSearch for Freedom in The Story of an Hournbsp;nbsp; nbsp; In the early 1900s, marriage was comparable to a master-and-slave relationship.nbsp; The role of the woman in the marriage was minimal.nbsp; The woman’s place was in the house, caring for the children, cleaning the house, and doing other â€Å"womanly† tasks.nbsp; Chained to their husbands, marriage became prison to many women; the only means of breaking free from these bonds being the death of a husband.nbsp; In Kate Chopin’s â€Å"The StoryRead More Essay on the Death of Freedom in Kate Chopins The Story of an Hour919 Words   |  4 PagesDeath of Freedom in The Story of an Hour In Kate Chopin’s short story, The Story of an Hour, we are told that Mrs. Mallard, the main character, has a heart condition. Then Mrs. Mallard’s sister, Josephine, tells her Mr. Mallard died in a railroad disaster. At the end of the story, Mrs. Mallard dies when her husband suddenly walks through the door. The doctor says that Mrs. Mallard died of heart disease—of joy that kills (Chopin 27). Some people may agree with the doctor’s diagnosisRead MoreThe Unique Style Of Kate Chopin s Writing1603 Words   |  7 PagesThe unique style of Kate Chopin’s writing has influenced and paved the way for many female authors. Although not verbally, Kate Chopin aired political and social issues affecting women and challenging the validity of such restrictions through fiction. Kate Chopin, a feminist in her time, prevailed against the notion that a woman’s purpose was to only be a housewife and nothing more. Kate Chopin fortified the importance of women empowerment, self-expression, self-assertion, and female sexuality throughRead MoreKate Chopin, An American Writer1425 Words   |  6 PagesKate Chopin, an American writer, known for her vivid portrayals of women’s lives during the late 1800s. Her fiction works usually set in Louisiana, which contributed too much of her description of women’s roles. During Chopin’s time, Louisiana was in the mi dst of reconstruction and was having racial and economic issues. (Skaggs 4) Louisiana is the setting for many of Chopin’s stories, and they depict a realistic picture of Louisiana society. Kate Chopin published two novels and many short storiesRead MoreThe Life and Works of Kate Chopin1569 Words   |  6 PagesKate wrote two novels and hundreds of short stories. Few of her stories were â€Å"Story of an Hour† and â€Å"The Awakening†. One of Kate Chopins most famous stories is the Story of an Hour. In the story Chopin was brave enough to challenge the society in which she lived because in the first half of the 19th century, women were not allowed the freedoms men enjoyed in the judgments of the law, the church or the government. This famous short story showed the conflict between the social traditional requirementsRead MoreThe Story Of An Hour By Kate Chopin1540 Words   |  7 PagesIn Kate Chopin’s â€Å"The Story of an Hour†, the main charac ter, Mrs. Louise Mallard, is a woman with a heart problem that gets horrifying news that her husband has passed away in a train crash. When she starts thinking about her freedom, she gets excited; she is happy to start her new, free life. However, a few hours later her husband walks in the door and she finds out it was all a mistake. When she realizes her freedom is gone her heart stop and she then dies. In â€Å"Desiree’s Baby† Desiree is an orphanedRead MoreKate Chopin s Literary Creativity And Women s Independence1097 Words   |  5 Pages Kate Chopin has become one of the most influential feminist writers of the century. From Chopin’s literary rejection of The Awakening, the rejection sparked a fire in Chopin’s feminist side. Chopin began writing short stories that would become society’s lead in literary creativity and women’s independence. Kate Chopin’s biography is astonishingly intriguing and the importance Chopin plays to the feminist literature genre is exceptional. Critics either rave Chopin’s work or completely destroy it

Gen/105 Week 9 Student Survival Guide - 1056 Words

Achieving my education goals has been made easier thanks to the educational resources provided to me by Axia College. There are many different types of programs available to me to assist in achieving success. Those programs are found in the Center for Writing Excellence which is located in the student library. The first of these services available in the Center for Writing Excellence is Write Point. This program allows me to submit my papers for review before I turn them in. During this review the program provides feedback on basic grammar usage and also provides suggestions on how to make the writing better. This is a wonderful tool for someone who has weak grammar skills. Next is the Plagiarism Checker. This program lives up to it†¦show more content†¦In order to master this skill I need to remember to use the SQ3R study technique. SQ3R stands for survey, question, read, recite and review. By surveying before I read it gives me an idea of what I am going to be reading abou t which will prepare my mind for what it is about take in. Asking questions and then answering them as I read will help information stick in my mind. When I read something, I need to remember not to get frustrated because I’m obviously not going to remember everything the first time. It’s okay to have to read things more than once. Also if I recite and review things over and over it will help me retain information as well. The more I use the SQ3R study technique the more comfortable I will become in reading. By doing this routinely it should help me improve my study skills and my academic success. Identifying my learning style has allowed me to make more effective decision in choosing learning strategies. By identifying my personality type has helped me evaluate the way I react to people and situations. There are two assessments available to help figure out your learning style and personality. The first is Multiple Pathways to Learning which is based on Professor Howa rd Gardner’s Multiple Intelligence Theory that focuses on peoples learning strengths and preferences. The second is The Personality Spectrum based on the Myers-Briggs Type Inventory which identifies which personalityShow MoreRelatedUsing Stata for Principles of Econometrics73612 Words   |  295 Pages Sons, Inc., 111 River Street, Hoboken, NJ 07030-5774, (201) 748-6011, fax (201) 748-60 08, or online at http://www.wiley.com/go/permissions. To order books or for customer service, please caIlI-800-CALL-WILEY (225-5945). ISBN-13 978- 0-470-18546-9 Printed in the United States of America 109876543 Printed and bound by Malloy, Inc. PREFACE This book is a supplement to Principles of Eeonometrics, 3 Edition by R Carter Hill. Willi~ E. Griffiths and Guay C. Lim (Wiley 2007), hereinafter POERead MoreFundamentals of Hrm263904 Words   |  1056 PagesThis online teaching and learning environment integrates the entire digital textbook with the most effective instructor and student resources With WileyPLUS: Students achieve concept mastery in a rich, structured environment that’s available 24/7 Instructors personalize and manage their course more effectively with assessment, assignments, grade tracking, and more manage time better study smarter save money From multiple study paths, to self-assessment, to a wealth of interactive visualRead MoreRastafarian79520 Words   |  319 Pagesapocalyptic visions of the world, saw something important in all of these happenings. I grew up in Jamaica at a time when Rastas were still regarded as useless, lazy, half-insane, ganja-smoking illiterates who were of no value to society. Teachers, students, ofï ¬ ce workers, and anyone of social importance could not grow locks, and families would go into mourning when their sons would start sprouting them. I heard the term â€Å"black heart man† used again and again as a means of expressing fear or ridiculeRead MoreManagement: Social Responsibility and Page Ref19403 Words   |  78 Pagesorganizations often begin the globalization process by outsourcing labor or materials. An example of outsourcing is having a factory in Asia manufacture products for a U.S. based company. Diff: 2 Page Ref: 34 AACSB: Globalizations Objective: 2.2 9) After the outsourcing stage, companies that are going global often turn to exporting and importing goods across international borders. 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Boeing’s Strategy Free Essays

The Capital Assets Price Model (CAPM), is a model for pricing an individual security or a portfolio. Its basic function is to describe the relationship between risk and expected return, which is often used to estimate a cost of equity (Wikipedia, 2009). It serves as a model for determining the discount rate which is used in calculating net present value. We will write a custom essay sample on Boeing’s Strategy or any similar topic only for you Order Now The CAPM says that the expected return of a security or a portfolio equals the rate on a risk-free security plus a risk premium. The formula is: R = Rf + *(E(Rm)-Rf) Rf = Risk free rate of return, usually U. S. treasury bonds ( ) ? = Beta for a company E(Rm) = Expected return of the market (commercial airlines market) E(Rm)-Rf = Sometimes referred to as the risk premium The beta and risk-free rate should be selected as required according to the Boeing 7E7 case study. For the CAPM the risk free rate of return for a given period is taken to be the return on government bonds over the period. The risk free rate of return at the time of this case was 4. 56% (Bruner, p. 239, 2007). At the time of the case, four main estimatesof equity market risk premiums (EMRP) were: 6. 4% = Geometric mean over T-bills 4. 7% = Geometric mean over T-bonds 8. 4% = Arithmetic mean over T-bills . 4% = Arithmetic mean over T-bonds For the purpose of analysis we will use 6. 4% EMRP, thus (E(Rm)-Rf) = 6. 4 %. () The cost of equity is determined by the company’s levered Beta (). This is calculated according to the ‘Hamada equation’: ? l = ? u (1+(1-T)(D/E)) ?l = company’s levered Beta ?u = company’s unlevered beta (It is a beta assuming the firm is completely equity financed, which reflects pure business risk) T = effective marginal tax rate D/E = market-value debt/equity ratios Exhibit 10 provided seven different betas that can be used for the capital assets price model and discount rate calculation. The project of building airplanes is a long-term venture with the life span more than five years. Boeing created a sales and cash flow forecast for the next 30 years, based on Exhibit 8. This is why for the calculation we use the Beta calculated over the longer period of time. Out of the three Betas calculated for the period of time 5 years, (1. 05, 0. 80, 1. 00), we take 0. 80, the figure calculated against the SP 500 index. It uses the weighted market value, which can actually reflect the importance of company’s securities in the market shares and the boarder market changes (Wikipedia, 2009). 0. 8 = ? u (1+(1-0. 5)*0. 525) Beta Asset = 0. 6 (overall risk of airplane industry) Total beta for Boeing equals to weighted beta from commercial business plus weighted beta for defense business. Beta = (%commercial)* Beta Commercial + (%defense )* Beta Defense. The average unlevered Beta for defense business among Lockheed Martin, Northrop Grumman and Raytheon is 0. 28 = (0. 28+0. 24+ 0. 31)/3. () Exhibit 1 shows commercial business generated $28,387 million in revenue and the defense systems segment generated $24,957 in revenue in 2002. Thus the weight of commercial business is 53% and the weight of defense systems business is 47%. In addition, commercial business generated $9,726 million in identifiable assets and the defense systems segment generated $12,753 in identifiable assets in 2002. Thus the weight of commercial business is 43% and the weight of defense systems business is 57%. 0. 6 = 53%*Beta Commercial +47%*0. 28 Beta Commercial = 0. 88 0. 6 = 43%*Beta Commercial +57%*0. 28 Beta Commercial = 1. 02 There are two betas (0. 88, 1. 02) calculated for the risk of this industry, we choose the larger figure 1. 02. This indicates the larger discount rate for the project evaluation thus it could provide the more pessimistic scenario. The larger the discount rate from the CAPM, the more inflation we assume in our projection. Calculation of CAMP: R = 4. 56 +6. 4*1. 02=11. 08% The appropriate required rate of the return for evaluation the 7E7 project is 11. 08%. In EHHIBIT 10, it shows market-value debt/equity ratios, so it assumes that this ratio reflects the Boeing’s capital structure and using only debt and equity as finance the 7E7 commercial aircraft project in this case. There are two formulas to calculate the weight of debt and equity as show below: Debt/Equity=0. 525 (D/E=0. 525) Debt+Equity=1 (D+E=1); D=1-E Using the second formula substituting back into the first equation and the result is 1-E/E=0. 525, so through calculating this equation, it can indicate that E is 0. 656 and D is 1-0. 656=0. 344. The Boeing’s capital structure is that the weight of debt is 34. 4% and the weight of equity is 65. 6%. From this case, it gives a well-known formula how to finance Boeing’s weighted-average cost of capital (WACC), it shows below: WACC= (percent Debt) (Pretax cost of debt capital) (1- Marginal effective corporate tax rate) + (percent Equity) (Cost of equity capital) In previous calculation, it already know the percent Debt is 34. %, percent Equity is 65. 6%, Cost of equity capital is 11. 088% and in this case gives Marginal effective corporate tax rate is 35%. So it only just to calculate cost of Debt. The cost debt is the interest rate or yield that a firm must pay on its bonds. In this case, it uses weighted average yield to maturity to calculate cost of debt. Through the for m of EXHIBIT 11 and using two column debt amount and yield to maturity to finance cost of debt is 5. 286%, however, the appropriate cost of debt is the after-tax cost of debt, so the final cost of debt is 5. 86%*(1-35%)=3. 436%. All of variables is known, so it can calculate WACC=34. 4%*3. 436+65. 6%*11. 088%=8. 46%. The IRR which is consistent with ‘base case’ assumption was 15. 7% in the EXHIBIT 9 of case study. In this case, it shows that IRR (15. 7) is greater than WACC (8. 46%), so the 7E7 commercial aircraft project is quite attractive for Boeing. In the ENHIBIT 9, it indicates that the unit volume for the first 20 years will only be 1500 with 0% price premium above expected minimum price, under this worse circumstance, IRR still have 10. % which is still greater than WACC (8. 46%). Obviously, developing of the 7E7 commercial aircraft project is acceptable. The IRR is expected to be 15. 7%, while WACC is estimated to be 8. 46%, leaving a difference of 7. 24%. This excess will add value to Boeing’s stock and the company will believe that developing of the 7E7 commercial aircraft project is a worthy investment. In the EXHIBIT 9, there is another factor development costs which influence on the IRR of the 7E7 commercial aircraft project. Developmental cost could make or break the IRR of the aircraft. Boeing company could consider how to control the cost of development, if the company cannot control the developmental costs, the result is that the delivery delays and the company will give discounts to consumers, this will lead to IRR goes down. The Boeing use of composite material could change the manufacturing process, the machinery and the labor skills, so Boeing should recognize that the 7E7 project maybe have the potential for product cost and price inaccuracies and Boeing’s managers should concern how to reduce the development costs. Under the worst condition, from the form of EXHIBIT 9, it shows that development costs is $10,000,000,000 with cost of goods sold as a percentage of sales is 84%, that is IRR is 8. 6% still higher than WACC (8. 46%). Therefore, developing the 7E7 commercial aircraft project is an attractive project. From WACC this perspective to consider whether the 7E7 project is economically attractive or not, the WACC calculates an overall return that a corporate exist assets and business in order to increase or maintain the current value of current stock. In this case, it knows that Boeing’s stock price closed at $36. 41 and from the definition of WACC, it can understand that the Boeing must earn at least 8. 46% return from this 7E7 project in order to maintain this stock price. It also indicate that discount rate for this company is 11. 088%, compare with WACC 8. 46%, it means that the company under the safety circumstance to calculate net present value. In the previous calculation, cost of equity is 11. 088% and it can compute NPV is $2546. 74. The NPV is greater than zero, so the 7E7 commercial aircraft project is a profitable investment. How to cite Boeing’s Strategy, Papers

Important Dates in History free essay sample

Wolfgang Amadeus Mozart is considered history greatest composer. He could play and write music from the age of 4. He grew up to write the most beautiful music that has ever been heard. HIS music Is still widely known and played. Every year people come to Syllabus, Mozart birthplace; the town has a music festival In his honor. It would be something else to go and watch him perform live. Making one of his concerts the next stop being visited. Syllabus has ever been heard.His music is still widely known and played. Every year people come to Syllabus, Mozart birthplace; the town has a music festival in his honor. It 776 BC For this day we are attending the first Olympics. According to the earliest records, the first Olympic Games were held in 776 BC. The Olympic Games originate in athletic contests to honor of Zeus and other deities at Olympia. The games were also helped to solve the constant civil wars among the Greek city-states. The ancient Greek Olympics were held every four years during the full moon of midsummer. First Olympic Games were held in 776 BC.The Olympic Games originate In athletic intents to honor of Zeus and other deletes at Olympia. The games were also helped May 20, 1891 This was the first public showing of Thomas Editions kinkiness. The first public demonstration of motion pictures in the US using the Kinkiness occurred at the Edison Laboratories to the Federation of Womens Clubs. The very short films subject in the test footage, titled Dickson Greeting, was William K. L. Dickson himself, bowing, smiling and ceremoniously taking off his hat. Edison filed for a patent for the Kinkiness in 1891, granted in 1893. On Saturday, April 14, 1894, a refined version ofEditions Kinkiness began commercial operation. This was the first public showing of Thomas Editions kinkiness. The first public demonstration of motion pictures in the US using the Kinkiness occurred at the Edison Laboratories to the Federation of Omens Clubs. The very short films subject in the test footage, titled Dickson Greeting, was William K. L. Dickson himself, bowing, smiling and ceremoniously taking off his hat. Edison filed for a patent for the Kinkiness in 1891, granted in 1893. On Saturday, April 14, 1894, a refined version of Editions Kinkiness began commercial operation. One of the biggest wars in history; World War One. The battle was between; Allied Forces (a. K. A. The Allies): France, the United Kingdom, and Russia. Central Powers: Germany and Austria-Hungary. There is much information about WWW but being there to actually experience the war first hand is much better then reading it in a book. Lully 28, 1914 Throughout the 1400-1600 was a time period called the renaissance. The Renaissance period compassed a rebellion of classical based learning, the development of linear perspective in painting, and widespread educational reform.It s best known for its artistic developments; the renaissance was an era of great art. For this day we are taking you back to the renaissance period to see all the great art right when it was created. Throughout the 1400-1600 was a time period called the learning, the development of linear perspective in painting, and widespread educational reform. It is best known for its artistic developments; the renaissance Nas an era of great art. For this day we are taking you back to the renaissance period to see all the great art right when it was created. 1500 May 2, 1594 Shakespeare is one of the worlds greatest play writers.One of his most famous plays that are still well known today is Romeo and Juliet. So for this day were going back to see Romeo and Juliet first performed. To witness the greatness of one of his productions. Shakespeare is one of the worlds greatest play writers. One of his most famous plays that are still well known today is Romeo and Juliet. So for this day were going back to see Romeo and Juliet first performed. To witness the greatness of one of his productions. 20th of July, 1848 For this day we will be attending the convention for womans rights in Seneca Falls, New York.It was held the 19th and 20th of July, 1848, and called the Seneca Falls Convention. About 200 men and women attended the convention. Putting their thoughts together, a small group of women discussed how to go about their complaints. Its an amazing experience to see how womens rights were gained their rights. For this day we will be attending the convention for womans rights in Seneca Falls, New York. It was held the 19th and 20th of July, 1848, and called the Seneca Falls Convention. About 200 men and women attended the convention. Putting their rights. August, 10, 1776 Nans until a month later that news reached London.That is why we are visiting this day in during this period, to see the effects after it was signed. One of the most important events in history, it changed history itself. Its going to be a delightful time n history to experience. The day the declaration of independence was signed was on July 4, 1776. Although, It wasnt until a month later that news reached London. Rat is why we are visiting this day in during this period, to see the effects after it Nas signed. One of the most important events in history, it changed history itself. Its going to be a delightful time in history to experience. 2540. C ere Great Pyramid of Chuff is located on the Gaza plateau in Egypt. It is the largest and most elaborate constructed pyramid in existence; it represents the most advanced aspects of pyramid construction. Its definitely a sight to be seen. Were taking you to the day the great pyramid was finished. The Great Pyramid of Chuff is located on the Gaza plateau in Egypt. It is the largest and most elaborate constructed pyramid in existence; it represents the most advanced aspects of pyramid construction. Its definitely a sight to be seen. Were taking you to the day the great pyramid was finished.