Tuesday, February 25, 2020

Finance (Case Study) Essay Example | Topics and Well Written Essays - 1750 words

Finance (Case Study) - Essay Example They should work out how much (after paying off all their debts and driving down their expenditure) they can save every month. Good saving habits and practices begin with a clear knowledge and understanding of what one is capable of and how much one can spend at any given time without negatively affecting his/her financial health. The couple must therefore know how much they are capable of saving every month, compare that figure to the actual amount they are saving and then start cutting down on unnecessary spending. Work out a Saving Plan Ascertaining saving is only the first step. It acts as a precursor to the next course of action, which is working out a saving plan. The most important thing to note here is that one thing leads to the other, and in a case like this it is advisable to move in a systematic and methodical manner. Assuming the couple has now figured out how much they are capable of saving every month, they can now move to achieve that goal. All expenditures should be planned in such a way that the saving targets are either met at the end of every month (or even surpassed). So long as the couple is saving money, meeting its targets and avoiding unnecessary expenditures, a strong financial foundation has been laid which will act as a launching pad for financial security and freedom. Their Current Financial Situation I would say that the couple is currently doing fine. Their total expenditure per annum is $228,348, compared to their total income per annum which is $294,650. This means that at the end of every month they are able to save $66,302. In addition to this, their investments and assets total $1,771,500, while their total debt is $28,965. I would therefore say that since the couple is not in debt and they are able to save some money, their financial position is pretty healthy. As a consequence, it is possible that through better saving and spending habits, they can save even more money and maintain a positive financial outlook going forward . All the Aspects of their Finances Kevin and Alex are capable of saving more than they are saving now. The only thing they need to do is to eliminate any unnecessary costs and expenditures that can only serve to increase their debt. It is however encouraging to see that both of them have invested in either a superannuation or some other type of fund. Alex diverts a portion of her salary ($33,000) to a superannuation fund, while Kevin has invested in a superfund. Apart from this, the couple has invested in a share portfolio, an investment unit and a debenture. The superannuation is important because it provides them with a sense of security and something to fall back on once they are either retired or are unable to work. The debenture, investment unit and share portfolio also offer viable financial alternatives that would otherwise be unavailable if the couple did not seek financial security. Their Overall Situation I would laud the couple for making efforts to secure their future, because although they are faced with numerous financial challenges, they are managing to stay afloat. With a combined income of less than $300,000, it is commendable that they have made some very good investment moves. They took out a mortgage, and even though it was $850,000 at the time they took it, their house is now worth $1,050,000. This means that once they stop remitting the monthly payments that are due, they will own their home and probably get even a higher value for

Saturday, February 8, 2020

Particle Size and Shape Measurements of Soot Using Image Analysis Lab Report

Particle Size and Shape Measurements of Soot Using Image Analysis - Lab Report Example The shapes of the particles were not purely rounded. The soot image had slightly larger particles having an area of approximately 8.6 cm squared. The solidity of the particles was found to be relatively high for the soot images that was swelling. Introduction. In industrial sectors, accurate and quick analysis of particle size distribution is of great importance. In many cases, the surface growth of the soot has been seen to be more dominant that the soot mass yield. A number of operations of mineral processing rely on the distribution of sizes and measurements that are key in bettering the efficiencies of the industrial sectors (Megaridis 14). A significant number of industrial processes of soot are mostly established through the distribution of the sizes of particles in their industrial processes. To characterize the soot growth rate, the theoretical model assessment is the surface area of the soot. For instance, the growth of the mass of soot normally comes before the abstraction of hydrogen establishing a radical surface site in the acetylene preparation. In these processes, the rate of mass addition relies on the total area of the surface and the amount of reactive surfaces. A substantial number of parameter that identify soot’s growth rate can be measured in an optical manner such as the fraction volume of the soot, temperature, and velocity. Such measurements are beneficial due to their non-intrusive nature, and the fact they occur in real time. The optical measurement of the size of the particle can facilitate the soot mass growth measurement and the rates of oxidation per surface area. A number of studies conducted on this field have determined the size of the soot particles using different methods like the electron transmission microscopy, time intensive and intrusive processes, and thermophoretic soot sampled micrograph among other methods. So far, there is no study that has used image analysis to determine the shape and size of soot particles . In this respect, a study was set to investigate the particle size and shape measurements of soot using image analysis. Theory. A digital image is made up of different pixel that are normally assigned a specific value. In the digital vision, the process of segmentation can be referred to as a partitioning process of the digital image into several segments (Harris 3). In this respect, the segmentation objective is normally to change or simplify the image representation into an easier an meaningful image for analysis. One of the simplest methods in image analysis is thresholding. Beginning with a grayscale image, binary images can be obtained through thresh holding. Binary images can be defined as digital images having only two pixel values (Sunderland 7). In many situations the two categories of colours used in binary imaging involve black and white. In this process, the shape descriptors of particles from the analysis of the image are normally determined through the use of values t hat are measured for the area, major, perimeter, and minor axis parameters. These values are normally given out through the image analyzer and can be identified as a critical tool in the particles classification of shape (Howard 1107). The calculation of the particles’s shape can be given by equation 1. C = 4pi* [Area/ Perimeter2]....................