What Happens in the Sacraments Essay Example for Free

What Happens in the Sacraments Essay 1. What does the Church’s liturgy celebrate? The Church’s liturgy celebrates the Paschal Mystery of Christ. 2. Redemption is the action of Jesus Christ whereby he paid the price of his own Death on the cross to save us from sin and thus return us to new, eternal life in union with God. In the Eucharist we proclaim the mystery of our Redemption. 3. True or False? In the liturgy we remember and participate in the events that accomplished our Redemption. True 4. What is a central theme of the spiritual writing of Blessed Dom Columba Marmion, O.S.B.? Explain. A central theme in his writing is â€Å"divine adoption† 5. In the Eucharist Christ communicates the fruits of the Paschal Mystery. Through faith and our participation in the sacraments, every facet of our lives becomes intertwined with the life of Jesus as we grow in union with the Blessed Trinity. Pages 32 – 37 Christ Acts through the Sacraments 6. True or False? The Apostles were empowered to begin the mission to teach and baptize people of all nations on the Jewish Feast of the Ascension. FALSE The Apostles were empowered to begin the mission to teach and baptize people of all nations on the Jewish Feast of Pentecost. 7. The experience of Paraclete forever changed the Apostles as they became enlivened, rejuvenated, and filled with courage. They spoke openly to the â€Å"Jews from every nation† who had come to Jerusalem for the celebration. 8. The Holy Spirit continued to be present in the Apostles and they became â€Å"sacramental signs† of Christ. Through Apostolic succession they entrusted the power and authority of the Holy Spirit to their replacements. 9. True or False? The events of our Salvation occurred only once, but by the power of the Holy Spirit the liturgy makes these events present and real for us today. True 10. God the Father is the source of the blessing we receive from the liturgy. Our response involves recognizing God’s blessings in the story of creation, His covenants with the Chosen people and finally in the coming of Christ.

Economic Integration of the Baltic Sea Region and the Passenger Traffic Issues :: Europe Airlines Economics Economy Essays

Economic Integration of the Baltic Sea Region and the Passenger Traffic Issues Table of Contents: I. Introduction 2 II. Goals of Economic Integration 2 III. VASAB 2010 3 IV. Ãâ€"resund vs. Helsinki - Tallinn Link 4 V. Aviation Development in Scandinavia 7 VI. Conclusion 10 VII. Works Cited 11 I. Introduction Economic integration is not an easy task. This is clearly evident by its nature, and even more so a problem in the Baltic region where there have been so many political changes in recent history. We have seen the formation of three newly re-independent states, Estonia, Latvia, and Lithuania. East and West Germany have been reunited to form a new nation. The communist governments of the former Soviet Bloc have been replaced by democracy. These changes have made economic integration not only more difficult, but also to some degree more necessary.

History of the Automobile Essay

Starting in the late 1700’s, European engineers began tinkering with motor powered vehicles. Steam, combustion, and electrical motors had all been attempted by the mid 1800’s. By the 1900’s, it was uncertain which type of engine would power the automobile. At first, the electric car was the most popular, but at the time a battery did not exist that would allow a car to move with much speed or over a long distance. Even though some of the earlier speed records were set by electric cars, they did not stay in production past the first decade of the 20th century. The steam-driven automobile lasted into 1920’s. However, the price on steam powered engines, either to build or maintain was incomparable to the gas powered engines. Not only was the price a problem, but the risk of a boiler explosion also kept the steam engine from becoming popular. The combustion engine continually beat out the competition, and the early American automobile pioneers like Ransom E. Olds and Henry Ford built reliable combustion engines, rejecting the ideas of steam or electrical power from the start. Automotive production on a commercial scale started in France in 1890. Commercial production in the United States began at the beginning of the 1900’s and was equal to that of Europe’s. In those days, the European industry consisted of small independent firms that would turn out a few cars by means of precise engineering and handicraft methods. The American automobile plants were assembly line operations, which meant using parts made by independent suppliers and putting them together at the plant. In the early 1900’s, the United States had about 2,000 firms producing one or more cars. By 1920 the number of firms had decreased to about 100 and by 1929 to 44. In 1976 the Motor Vehicle Manufacturers Association had only 11 members. The same situation occurred in Europe and Japan. The first automobile produced for the masses in the US was the three-horsepower, curved-dash Oldsmobile; 425 of them were sold in 1901 and 5,000 in 1904–this model is still prized by collectors. The firm prospered, and it was noted by others, and, from 1904 to 1908, 241 automobile-manufacturing firms went into business in the United States. One of these was the Ford Motor Company which was organized in June 1903, and sold its first car on the following July 23. The company produced 1,700 cars during its first full year of business. Henry Ford produced the Model T to be an economical car for the average American. By 1920 Ford sold over a million cars. At the beginning of the century the automobile entered the transportation market as a toy for the rich. However, it became increasingly popular among the general population because it gave travelers the freedom to travel when they wanted to and where they wanted. As a result, in North America and Europe the automobile became cheaper and more accessible to the middle class. This was facilitated by Henry Ford who did two important things. First he priced his car to be as affordable as possible and second, he paid his workers enough to be able to purchase the cars they were manufacturing. This helped push wages and auto sales upward. The convenience of the automobile freed people from the need to live near rail lines or stations; they could choose locations almost anywhere in an urban area, as long as roads were available to connect them to other places. Many states in the US established motor fuel taxes that were used only to build and maintain highways helping the auto highway system become self-supporting. Popularity of the automobile has consistently moved with the state of the economy, growing during the boom period after World War I and dropping abruptly during the Great Depression, when unemployment was high. World War II saw a large increase in mass transit because employment was high and automobiles were scarce. The rapid growth of car owners after World War II, particularly in the United States and Western Europe demonstrated the population’s favor towards automobiles. During the war, automobile motors, fuel, and tires were in short supply. There was an unsatisfied demand when the war ended and plenty of production capacity as factories turned off the war machine. Many people had saved money because there was little to buy, beyond necessities, in the war years. Workers relied heavily on mass transportation during the war and longed for the freedom and flexibility of the automobile. A historian has said that Henry Ford freed common people from the limitations of their geography. The automobile created mobility on a scale never known before, and the total effect on living habits and social customs is endless. In the days of horse-drawn transportation, the practical limit of wagon travel was 10 to 15 miles, so that meant any community or individual farm more than 15 miles from a city, a railroad, or a navigable waterway was isolated from the mainstream of economic and social life. Motor vehicles and paved roads have narrowed the gap between rural and urban life. Farmers can ship easily and economically by truck and can drive to town when it is convenient. In addition, such institutions as regional schools and hospitals are now accessible by bus and car. Yet, the effect on city life has been, if anything, more prominent than the effect on the farms. The automobile has radically changed city life by accelerating the outward expansion of population into the suburbs. The suburban trend is emphasized by the fact that highway transportation encourages business and industry to move outward to sites where land is cheaper, where access by car and truck is easier than in crowded cities, and where space is available for their one or two story structures. Better roads were constructed, which further increased travel throughout the nation. As with other automobile-related phenomena, the trend is most noticeable in the United States but is rapidly appearing elsewhere in the world. Before the automobile, people both lived in the city and worked in the city, or lived in the country and worked on a farm. Because of the automobile, the growth of suburbs has allowed people to live on the outskirts of the city and be able to work in the city by commuting. New jobs due to the impact of the automobile such as fast food, city/highway construction, state patrol/police, convenience stores, gas stations, auto repair shops, auto shops, etc. allow more employment for the world’s growing population.

Net Present Value and New Machine - 1450 Words

DEPARTMENT OF ACCOUNTING AND FINANCE AFC2140 CORPORATE FINANCE MID-SEMESTER TEST FIRST SEMESTER 2012 SURNAME (FAMILY NAME)_____________________________________________ GIVEN NAME(S)______________________________________________________ ID NUMBER__________________________________________________________ TUTOR’S NAME______________________________________________________ TUTORIAL DAY AND TIME______________________________________________ INSTRUCTIONS: TIME ALLOWED: 90 MINUTES WRITING TIME AND 5 MINUTES READING TIME †¢ CLOSED BOOK TEST †¢ ANSWER ALL 3 QUESTIONS (AND IN THE SPACES PROVIDED) †¢ A FORMULA SHEET IS INCLUDED AT THE BACK OFFICE USE ONLY QUESTION 1 2 3 TOTAL (OUT OF 60) MARK Question 1 (30†¦show more content†¦It has just paid a dividend of $3.00. If the required rate of return is 15 percent per annum, what is the price of the share three years from now? A. $58.31 B. $46.29 C. $51.02 D. $47.50 Page 4 of 13 11. In evaluating capital projects, the decisions using the NPV method and the IRR method may disagree if A. the projects are independent. B. the cash flows pattern is unconventional. C. the projects are mutually exclusive. D. both B and C. 12. Jamaica Company is adding a new assembly line at a cost of $8.5 million. The company expects the project to generate cash flows of $2 million, $3 million, $4 million, and $5 million over the next four years. Its cost of capital is 16 percent per annum. What is the MIRR on this project? (Round to the nearest percent.) A. 18% B. 19% C. 20% D. 21% 13. The profitability index for a project is 1.18. If the project will produce cash inflows of $60,000 per annum for the next 12 years, what is the initial outlay for the project if the appropriate discount rate is 5 percent per annum? (Round to the nearest $10.) A. $450,670 B. $627,520 C. $1,016,950 D. none of the above 14. 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CHAPTER 21! Sample Exam Questions! ! 1. [CPA Adapted] If the algebraic sum of the present values of all cash flows related to a proposed capital expenditure discounted at the company’s required rate of return is positive, it indicates that the! A. resultant amount is the maximum that should be paid for the asset.! B. discount rate used is not the proper required rate of return for this company.! C. investment is the best alternative.! D. return on the investment exceeds the company’s required