Commodity Prices :: essays papers

Commodity Prices The financial term commodity is defined as a physical substance, such as food, grains, a and metals, which is interchangeable with other product of the same type, and which investors buy or sell, usually through future contracts. Or more generally, a product which trades on a commodity exchange; this would also include foreign currencies and financial instruments and indexes. When one speaks of a commodity, they can be referring to two types of this aspect of finance. A cash commodity or an actual is an actual physical commodity which is delivered at the completion of a "contract" This is the lesser utilized of commodities.(Investors Glossary) The more predominant type of commodity that is used is the commodity futures contract. The futures markets are described as continuous auction markets and exchanges providing the latest information about supply and demand with respect to individual commodities, financial instruments, and currencies. Futures exchanges are where buyers and sellers of an expanding list of commodities, financial instruments, and currencies, come together to trade. The primary purpose of futures markets, is to provide an efficient and effective mechanism to manage price risk. The futures market allows buyers and sellers to stabilize the price of something. Individuals and businesses seek to achieve insurance against adverse price changes. This is done by buying or selling futures contracts, with a price level established now, for items to be delivered later. A common practice amongst the traders of futures is called hedging. The details of hedging can be somewhat complex but the principle is simple. Hedgers are individuals and firms that make purchases and sales in the futures market solely for the purpose of establishing a known price level-weeks or months in advance-for something they later intend to buy or sell in the cash market (such as at a grain elevator or in the bond market). In this way they attempt to protect themselves against the risk of an unfavorable price change in the interim or hedgers may use futures to lock in an acceptable margin between their purchase cost and their selling price. A perfect example of how the futures trading works is provided in the agricultural form of commodities. For example, a food manufacturer will need to buy additional corn from his supplier in three months.

Professional Roles And Values Essay

Nursing is governed by state boards of nursing, specific to the state that the nurse is practicing in. These boards seek to define the scopes of practice particular to a specific set of people, such registered nurses, practical nurses, home health aides, etc. The New Jersey State Board of Nursing dictates things like applications, accreditation, fees, and continuing education requirements. It is regulatory in nature. (NJ Board of Nursing, n.d.) As a labor and delivery nurse, the professional organization that enhances my practice is AWHONN (Association of Women’s Health, Obstetric, and Neonatal nurses). As opposed to the board of nursing which provides direction to general nursing practices and procedures, AWHONN is specific to my field. It provides current research, education opportunities, and clinical resources. (Awhonn.org, n.d.) An important aspect in delivering nursing care is the nursing code of ethics. The American Nurses Association (ANA) oversees this code of ethics. There are many ethical implications in nursing care in every specialty. In obstetrics, one of my biggest ethical dilemmas is the subject of abortion. Should a healthcare provider have the right to refuse to take part in any medical procedure? The nursing code of ethics allows health care providers to apply conscientious objection to this situation. Conscientious objection is allowed in situations where the â€Å"action would violate some deploy held moral or ethical value about right and wrong (Odell, Abhyankar, Malcom, &Rua, 2014). Another example of how the code of ethics influences my practice is the protection of the rights of privacy and confidentiality. I am sometimes given information from patients during the admission process that other family members, even the father of the baby, may not know. Things such as previous abortions, sexually transmitted diseases, and number of sexual partners are pertinent in my treatment of the patient, but are often not things that they would like shared with the rest of the family (Code of Ethics for Nurses, 2015). I believe one of the most important traits a nurse can possess is that of patient advocacy. People are usually at their most vulnerable when they are sick and may not be able to adequately advocate for themselves. Another important traits I would bring to an interdisciplinary team of healthcare providers is respect, respect for the patient and their choices, respect for my colleagues, but especially when I disagree with decisions made by either. Collaboration is also an important trait as a patient’s care is usually multi-disciplinary. Finally, responsibility and accountability are essential traits when part of a team. Team members need to be able to trust the people they are working with. Inevitably, mistakes are made and the true test of a professional is when they are able to own up and take responsibility for their wrongs. Code of Ethics for Nurses, 2015). There is an element in most nursing theories that influences my practice. Dorothea E. Orem’s self-care theory most resonates with my care of the maternity patient. It encompasses physical, interpersonal, psychological, and social aspects. Since most of the labor patients I take care of are considered â€Å"well† patients with insignificant medical issues, most of my time is spent teaching and observing – making sure my patient is able to care for her child once she leaves the hospital. This includes determining not only the physical needs, but also social and psychological well being of mother and father or extended family members involved in the care of the infant. Another influential figure in women’s health care was Margaret Sanger. She founded an organization called the American Birth Control League, presently known as Planned Parenthood. Sanger was a pioneer in the movement to improve women’s health through birth control and family planning. A controversial move at the time, she distributed pamphlets discussing birth control, menstruation, and sexuality. She was also instrumental in the founding of the first birth control clinic in the United States. Family planning and birth control continue to be extremely important women’s health initiatives (Wikipedia, 2015). On a daily basis, I strive to create a safe, respectful environment for all  of my patients. Beneficence is defined as â€Å"the doing of active goodness, kindness, or charity, including all actions intended to benefit others†(beneficence, n.d.) while nonmaleficence is defined as â€Å"the ethical principle of doing no harm†(nonmaleficence, n.d.). An example that exemplifies both of these traits is in a recent patient who presented to the hospital for induction of labor. After doing a thorough history of prior pregnancies, I determined the patient had a previous cesarean section. This information didn’t automatically exclude her from induction but it would dictate what induction method we would use. After further research and a request of records from another institution, it was determined that patient actually had a vertical uterine incision, which is not only a contraindication for induction but also a contraindication for vaginally delivery. At the very least, we avoided an emergency cesarean section, which had the potential to impact both the mother and infant’s life. As a maternity nurse, beneficence is a part of my daily routine, but following through on incomplete, undocumented information was an ethical decision I made to make sure the patient received proper care. References American Nurses Association, (2015). Association of Women’s Health, Obstetrics, and Neonatal Nurses. (n.d.) Retrieved February 2, 2015, from https://www.awhonn.org/awhonn/content.do?name=10_AboutUs/10_AboutUs_landing.htm Beneficence. (n.d.) Miller-Keane Encyclopedia and Dictionary of Medicine, Nursing, and Allied Health, Seventh Edition. (2003). Retrieved February 17 2015 from http://medical-dictionary.thefreedictionary.com/beneficence Code of Ethics for Nurses. (2015). Retrieved January 28, 2015, from http://www.nursingworld.org/MainMenuCategories/EthicsStandards/CodeofEthicsforNurses/Code-of-Ethics-For-Nurses.html Margaret Sanger. (2015, February 2). In Wikipedia, The Free Encyclopedia. Retrieved 05:22, February 17, 2015, from http://en.wikipedia.org/w/index.php?title=Margaret_Sanger&oldid=645358719 New Jersey Board of Nursing Laws. (n.d.). Retrieved February 1, 2015, from http://www.njconsumeraffairs.gov/nursing/nur_rules.htm nonmaleficence. (n.d.) Miller-Keane Encyclopedia and Dictionary of Medicine, Nursing, and Allied Health, Seventh Edition. (2003). Retrieved February 17 2015 from http://medical-dictionary.thefreedictionary.com/nonmaleficence Odell, J., Abhyankar, R., Malcom, A., & Rua, A. (2014). Conscientious objection in health professions: A reader’s guide to the ethical and social issues. Retrieved February 1, 2015, from https://scholarworks.iupui.edu/bitstream/handle/1805/3845/conscientious-objection-short- overview-20140201.pdf

Fin U02A2 Time, Value and Money - 610 Words

TIME VALUE OF MONEY: ANNUITY CASH FLOWS FIN u02a2 Would you rather have a savings account that paid interest compounded on a monthly basis, or one that compounded interest on an annual basis? Why? Compound interest arises when interest is added to the principal. Therefore, the interest that has been added also earns interest. This addition of interest to the principal is called compounding. If the savings account has $1,000 initial principal and 20% interest per year, the account will have a balance of $1200 at the end of the first year, $1440 at the end of the second year. Frequent or monthly compounding increases the future value (Cornett, Adair, amp; Nofsinger, 2014, page 109-110). What is an amortization schedule and what are†¦show more content†¦This means that the payments that are made at the end of every period are called ordinary annuity. This is because ordinary annuity is the usual state of affairs. Under normal circumstances all annuities are paid at the end of the period. Therefore, when annuity payments are made in advance, like in house rents, they are called annuity due. The difference in the formula to calculate the two different types of annuities is very small (Cornett, Adair, amp; Nofsinger, 2014, page 108). What is the future value of a $ 500 annuity payment over five years if interest rates are 9 percent? Recalculate the future value at 8 percent interest, and again at 10 percent interest. FVA5 = $500 x (1+0.09)5 -1 = $500 x 5.9847 = $2,992.36 0.09 FVA5 = $500 x (1 + 0.08)5 -1 = $500 x 5.8666 = $2,933.30 0.08 FVA5 = $500 x (1 + 0.10)5 – 1 = $500 x 6.1051 =$3,052.55 0.10 What is the present value of a $700 annuity payment over four years if interest rates are 10 percent? Recalculate the present value at 9 percent interest, and again at 11 percent interest. PVA4 = $700 x 1 – __1____ (1 + 0.10)4 = $700 x 3.1698655 = $2,218.91 0.10 PVA4 = $700 x 1 – __1__