Finance - 1042 Words

FI – 360 Chapter 3 P3-1) You have $1,500 to invest today at 7 percent interest compounded annually. A - How much will you have accumulated in the account at the end of the following number of years? 1). Three years PV x (1.07)^3 $1,500 x (1.07)(1.07)(1.07) $1,500 x 1.225043 = $1837.5645 = $1,837.56 2). Six years PV x (1.07)^6 $1,500 x (1.07)(1.07)(1.07)(1.07)(1.07)(1.07) $1,500 x 1.500730351849 = $2,251.0955 = $2,251.10 3). Nine years PV x (1.07)^9 $1,500 x (1.07)(1.07)(1.07)(1.07)(1.07)(1.07)(1.07)(1.07)(1.07) $1,500 x 1.838459212420155 = $2,757.6888 = $2,757.69 B - Use your findings in part (a) to calculate the amount of interest earned in 1). Years 1 to 3 $1,837.56 -†¦show more content†¦20 years 1) - (1.05)^5 x (1.10)^5 x (1.20)^5 =12.727 2) - (1.10)^10 x (1.15)^5 = 10.493 3) – (1.12)^20 = 9.646 #1 has the highest return on investment C). 30 years 1) – (1.05)^5 x (1.10)^5 x (1.20)^20 = 78.802 2) – (1.10)^10 x (1.15)^20 = 42.451 3) – (1.12)^30 = 29.959 #1 has the highest return on investment P3-4) – You have a trust fund that will pay you $1 million exactly ten years from today. You want cash now, so you are considering an opportunity to sell the right to the trust fund to an investor. A). – What is the least you will sell your claim for if you could earn the following rates of return on similar risk investments during the ten-year period? 1) – 6% $1,000,000 x (1.06)^-10 $1,000,000 x .558395 = $558,395 2) – 9% $1,000,000 x (1.09)^-10 $1,000,000 x .422411 = $321,973 3) – 12% $1,000,000 x (1.12)^-10 $1,000,000 x .321973 = $321,973 B) – Rework part (A) under the assumption that the $1 million payments will be received in fifteen rather than ten years. 1) – 6% $1,000,000 x (1.06)^-15 $1,000,000 x .417265 = $417,265 2) – 9% $1,000,000 x (1.09)^-15 $1,000,000 x .274538 = $274,538 3) – 12% $1,000,000 x (1.12)^-15 $1,000,000 x .182696 = $182,696 C) – Based on your findings is part (A) and (B), discuss the effect of both the size of the rate of return and the time until receipt of payments on the present value of a future sum. The larger theShow MoreRelatedFinance1352 Words   |  6 Pagesfinancial manager differ from the traditional financial manager? Does the modern financial managers role differ for the large diversified firm and the small to medium size firm? The traditional financial manager was generally involved in the regular finance activities, e.g., banking operations, record keeping, management of the cash flow on a regular basis, and informing the funds requirements to the top management, etc. But, the role of financial manager has been enhanced in the todays environment;Read MoreFinance1074 Words   |  5 PagesCORPORATE FINANCE COURSE CORPORATE FINANCE 2.1 Working Capital Management Sept. 2014 Ir Frank W. van den Berg mba Vrije Universiteit, Amsterdam ALYX Financial Consultancy bv, Aerdenhout FWvdB/2014 1 OUTLINE CORPORATE FINANCE FWvdB/2014 †¢Ã¢â‚¬ ¯ Basics Guiding principles †¢Ã¢â‚¬ ¯ Time value of money + Capital Budgeting †¢Ã¢â‚¬ ¯ Valuation of CF + Bonds †¢Ã¢â‚¬ ¯ Valuation of shares (+ co.’s) †¢Ã¢â‚¬ ¯ Financial Analysis (Ratios) †¢Ã¢â‚¬ ¯ Financial Planning (EFN) †¢Ã¢â‚¬ ¯ à  Ã¯Æ'   Working Cap. Mgt. 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(1985), long-term finance provi ders are more likely to focus on the matter whether the financial structure in the company is sound or not and the durability of profitabilityrather than temporary profits that a potentiallyRead MoreFinance, Economics, And Finance Essay1245 Words   |  5 Pagesalso studied business, management, economics, and finance. These courses impressed upon me the importance of the financial sector in the economy. Finance professionals have the unique responsibility of managing assets and analyzing risks to ensure the future success of a company or organization. It is difficult to overstate the importance of this role, as the financial crisis of 2009 showed. 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As the banking and finance industry has transformed, so has the process of how your money is handled. To accompany those changes, regulators and lawmakers create laws designed to protect consumers, banks, and the economy as a whole. As you will learn, the history of the bankingRead MoreFinance : Finance A Carry Trade Essay1144 Words   |  5 Pages In finance a carry trade is a strategy that consists of borrowing at a low interest rate currency to fund investment in higher yielding currencies. (Moffett) The country in which the investors borrow from is called the funding country and the country where the investment occurs is called the target country. (4) Carry trade is also termed currency carry trade; this strategy is speculative in that the currency risk is present and not managed or hedged. (Moffett) Although there are several complicatedRead MoreFinance998 Words   |  4 PagesPlant Improvements Total Investments: total investment in plant and equipment brought forward from the Production spreadsheet. Sales of Plant and Equipment : total sales of plant and equipment brought foraad from the Production spreadsheet. Common Stock * Shares Outstanding: The number of shares of common stock in the hands of shareholders. Reflect any issue/ retire stock transaction at the beginning of this year * Price Per Share: stock price as of yesterday’s close. Stock will be issuedRead MoreInternal Sources Of Finance And Finance Essay2349 Words   |  10 PagesInternal sources of finance: Internal sources of finance are funds that arise from within the business such as profits as they can be retained to grow the finance and selling assets. Retained profit Retained profit is the money kept in the company after paying dividends. It is used to reinvest in the business or to pay debt. It comes by a business after it makes profit and is kept separate to use in other ways such as expanding the business by developing new buildings or certain areas, buying new

Essay on Private versus Public Education - 1352 Words

Education is a major factor in a young person’s life. It can determine how successful you are, the way your peers think of you, and the way you will live the rest of your life. There are two types of education you can receive growing up, one being more beneficial than the other. Private education is more beneficial, but Public education seems to be the more practical one. A lot of times, only the most eminent option is considered, that being public education. People do not take the time to actually consider which would be better for their children in the present and the future. In the 2007-2008 school years, twenty-five percent of all United States schools were private schools. Private education is superior to public education in that it†¦show more content†¦Students are able to bond and feel comfortable with each other. That creates a better learning environment. In fact, thirty-eight percent of private schools are said to do a better job teaching their students to get along with people from diverse backgrounds. Also, when you have a small class, teachers are able to control it better. Not only are the teachers better equipped to handle an unruly student, the students tend to be more well- behaved. They do not as often cause uproar and disrespect people. Seventy-four percent of private school teachers can maintain discipline and order in their classrooms. Whereas public school, on the other hand, teachers often have troubles with their students speaking out, fighting, and, causing disruptions during class hours. It is to the point that some teachers are unable to teach an entire class through without having issues. Private schools benefit a child more based on the better environment that surrounds them. The one major factor setting apart private school education from, public education is its academics. Georgia, in fact, is one state among seventeen others that have the lowest graduation rates in the United States. One-third of Georgia public schools, which are one hundred and thirty schools, have low graduation rate. The sad fact is that these are not just in urban areas. These schools are in cities, suburbs, and rural areas. More specifically, thirty-seven of these schools are in rural areas,Show MoreRelatedEssay on Private Versus Public Education1077 Words   |  5 PagesPrivate Versus Public Education Many struggling parents wish they could send their children to private schools essentially from kindergarten through the twelfth grade. And so my question is: What is the real worth of a private education? According to a statement from the U.S. Department of Education posted by College Smart, private school students generally perform higher than their public school counterparts on standardized achievement tests. As a product of public elementary and highRead MorePublic Education versus Private Education Essay896 Words   |  4 PagesPublic education has been able to provide the necessary education to students, despite its limited capabilities. Students are offered the same education in public schools as they are in private schools. Students make their choice on whether or not they want to apply themselves, and learn from the teachers in front of them. In private schools students are excited to learn. Maybe that is why they have better test scores. Students enrolled in publi c schools have a tendency to fail, or some succeedRead MoreThe Effects Of Prenatal And Delivery Care On Mothers1621 Words   |  7 PagesOn the other hand, the use rate for both services decreases with parity. The mother’s education is more relevant in the use of either service than the father’s. The use rate is the highest among mothers with higher-than-secondary education, but such groups constitute less than 10 percent of the sample. On the other hand, the use of adequate prenatal and delivery care is the lowest among mothers with no education, who constitute more than 45% of the sample. A woman’s decision-making ability regardingRead MorePros And Cons Of Private Schools Vs. Public Schools1231 Words   |  5 Pagesshould live. Public schools provide a more diverse experience than do private schools, thereby providing a better education for their students. Can a private school give a child a better education, are the teachers more educated, then a private te acher? Or can a public school give a child a better education? When my family and I were looking for homes on the top of list was the home needed to be in a good school district for our children. 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There is a great divide in what students are receiving a quality education. In New Orleans the public schools often have ninety percent or more students who are African-American and Latino. The public schools are mainly chartered and filled with youngRead More Private Schools vs. Public Schools Essay617 Words   |  3 Pagescharacters (Plato). Education has increased as a topic of conversation among parents in America today. The importance of a good education has increased in value, and parents are searching for the best possible school for their child in preparation for college. Many believe the most opportune way for their child to succeed in studies is by attending a private school. On the other hand, another group of parents thinks that public schools are the better route. Never theless, public schools have been

Analysis of Consumer Decision Making Process Example For Students

Analysis of Consumer Decision Making Process Consumer decision making process is a list of steps that are carried out by consumers concerning to a potential market transaction, before, during and after the purchase of a product or service. The process includes identifying the problem, collecting information, evaluating the alternatives, making the purchase decision and evaluating post purchase. Generally, decision making is the  cognitive process  of selecting a course of action from among multiple options. As a consumer, I find that the consumer decision making process is a great help in choosing for the right product which gives a consumer the greatest satisfaction. One of the latest scenarios where I applied this process into my product purchases was buying a beautiful, yet not too costly wedding gown, as I am getting married in the coming month. I went through five stages of the consumer decision making process in buying the perfect wedding gown as follows:- Problem recognition Information search Evaluation of alternatives Purchase / Decision making Post-purchase evaluation Problem recognition Problem recognition is the stage where the consumer is aware of a need or want. It occurs when the consumer realize a significant difference between his or her actual state and desire state. My problem in this situation at this stage, is having to own a new wedding gown, because I am walking down the isle with my fiancà © next month. This desire of something new leads to the triggering of the decision process. In addition to my problem, I do not have a very well-funded family, so I cannot afford expensive, luxurious designer’s wedding gown. Information search When a consumer discovers a problem or a need, he or she is likely to search for more information on how to solve it. The information search stage involves gathering information from various sources in order to make a better-informed decision, it helps clarifies the options open to the consumer which may involve internal search and external search. Internal search is not required in my situation, because I do not have any past experiences or feelings with wedding gown to recall to, as it is going to be my first time buying it. Since I have no prior experience with this high-involvement product, I’ll have to use external search, that is, to engage in extensive search of the outside environment for helpful information on which to support a choice. I’ve obtained information from various sources. First of all, I became more attentive towards commercial sources, such as, bridal gowns advertisements on the billboards and the flyers or brochures related to it handed out in the malls. Moreover, I went to different bridal retailers to get help from the sales consultants and also to browse through the gowns myself. I even sought some information through internet source to see what the basic idea is I need to know about wedding gowns. Last but not least, I gained more information and opinions from my friends and family that are married, through word of mouth. Through gathering information, I learnt more about the brands that compete in the market and their features and characteristics. Evaluation of alternatives With the information search from the previous stage, it helps clarifies the problem for the consumer by suggesting criteria to use for the purchase, yielding brand names that might meet those criteria and developing the consumer value perception At this stage, I have narrowed down the options available to me and I have to compare the ones that caught my attention based on the criteria that matters most. After browsing through so many types of brands of wedding gowns, there are two main ones that really meet up to my requirements or expectations, that is Vera Wang’s wedding dresses collection and Mori Lee’s. However, I cannot possibly purchase both of the gowns, because I only need one. Therefore, I have listed down and established the criteria of these wedding gowns for evaluation, so that I can make the right choice. .u250c5835935ce77c248fcb0c60df5768 , .u250c5835935ce77c248fcb0c60df5768 .postImageUrl , .u250c5835935ce77c248fcb0c60df5768 .centered-text-area { min-height: 80px; position: relative; } .u250c5835935ce77c248fcb0c60df5768 , .u250c5835935ce77c248fcb0c60df5768:hover , .u250c5835935ce77c248fcb0c60df5768:visited , .u250c5835935ce77c248fcb0c60df5768:active { border:0!important; } .u250c5835935ce77c248fcb0c60df5768 .clearfix:after { content: ""; display: table; clear: both; } .u250c5835935ce77c248fcb0c60df5768 { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .u250c5835935ce77c248fcb0c60df5768:active , .u250c5835935ce77c248fcb0c60df5768:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .u250c5835935ce77c248fcb0c60df5768 .centered-text-area { width: 100%; position: relative ; } .u250c5835935ce77c248fcb0c60df5768 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .u250c5835935ce77c248fcb0c60df5768 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .u250c5835935ce77c248fcb0c60df5768 .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .u250c5835935ce77c248fcb0c60df5768:hover .ctaButton { background-color: #34495E!important; } .u250c5835935ce77c248fcb0c60df5768 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .u250c5835935ce77c248fcb0c60df5768 .u250c5835935ce77c248fcb0c60df5768-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .u250c5835935ce77c248fcb0c60df5768:after { content: ""; display: block; clear: both; } READ: Essay Development ProcessThe table below shows the designs of both wedding gowns:- Brands | Vera Wang | Mori Lee | Color Since I have a fair skin tone, a lighter delicate hue of dress should suit me very well. | Ivory | White pastel | Fabric- I prefer much lighter and softer fabrics, as I’m getting married during a hot season. | SilkThis light and floaty material is known for its lustrous shine, which gives a lightweight look and feel. | Chiffon and Crà ªpe  These two materials were used to produce the tulle gown in delicate sheets. It gives a soft flowing with a crinkled floral texture. | Length-Full-length gowns are more suitable for my formal wedding. | Full-length | Full-length | Silhouette- This refers to the shape of the gown and how it hugs your body. | Mermaid shapeIt is form fitting and slim, but the skirt flares out below the knee to show the perfect hourglass shape. | Full ball gownThis is the most traditional wedding dress silhouette. The bodice is fitted through the waist with full puffy skirt. | Train- The gown comes with a long train for people to carry when I walk. | It is detachable, so that it will not be stepped on or torn during the reception. | It is detachable, so that it will not be stepped on or torn during the reception. | Mood- Dresses are also categorized by moods. | RomanticThe dress is strapless and is usually complemented with a long train. | Traditional and romanticIt is described as a full gown with fluffy bottom and bares a heart-shaped neckline. | Pricing- The price of the dress. | Approximately RM13, 000 | Approximately RM9, 000 | Purchase / Decision Making After giving the criteria of both wedding gowns a thorough evaluation, I have come to a decision on which dress to purchase. I chose the second option, which is the Mori Lee’s full wedding ball gown, because the design, texture and color really meet up to my requirements. As I have mentioned before, I am not very well-funded, thus I cannot afford to pay wholly for the wedding gown. For that reason, I decided to rent the gown, which requires me to pay only 20% of the original price. Vera Wang’s do not provide rental services, thus this adds extra points up on why I prefer Mori Lee’s gown. To implement my purchasing decision, I have decided to rent the gown from Milan bridal studio, Penang. There are many sizes available there, where I can try them and loan from there easily. Furthermore, I do not need to own the wedding gown myself, because I won’t be wearing it again after my wedding day, so renting the gown is the best option. I have paid for the loan fee using credit card two weeks before my wedding day, so I can get myself prepared with the wedding themes and set ups beforehand. Post-purchase evaluation Last but not least, we have come to the final stage, which is the post-purchase evaluation of the decision. It is very common for consumers to experience concerns after making a product purchase. After buying a product, the consumer compares it with expectations and is either satisfied or dissatisfied. What I experienced after using the product was the performance of this product exceeds my expectations, causing what is known as positive disconfirmation. After wearing Mori Lee’s wedding ball gown on my special day, I felt completely satisfied and contented with the gown I chose. That wedding gown suited me perfectly well on that day; the floral texture on the skirt matches the wedding theme flawlessly and I felt really comfortable wearing it. The fabric of the gown did not cause me to feel hot or itchy at all, unlike some other gowns I have tried. Furthermore, I was really happy with the decision I made, that is to only rent the dress. It helped me saved a lot from my budget and I still get to flaunt that piece of beautiful gown during my wedding day at the same time. Conclusion .ud522fcc6a83c5c439e5e43618522ad18 , .ud522fcc6a83c5c439e5e43618522ad18 .postImageUrl , .ud522fcc6a83c5c439e5e43618522ad18 .centered-text-area { min-height: 80px; position: relative; } .ud522fcc6a83c5c439e5e43618522ad18 , .ud522fcc6a83c5c439e5e43618522ad18:hover , .ud522fcc6a83c5c439e5e43618522ad18:visited , .ud522fcc6a83c5c439e5e43618522ad18:active { border:0!important; } .ud522fcc6a83c5c439e5e43618522ad18 .clearfix:after { content: ""; display: table; clear: both; } .ud522fcc6a83c5c439e5e43618522ad18 { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .ud522fcc6a83c5c439e5e43618522ad18:active , .ud522fcc6a83c5c439e5e43618522ad18:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .ud522fcc6a83c5c439e5e43618522ad18 .centered-text-area { width: 100%; position: relative ; } .ud522fcc6a83c5c439e5e43618522ad18 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .ud522fcc6a83c5c439e5e43618522ad18 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .ud522fcc6a83c5c439e5e43618522ad18 .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .ud522fcc6a83c5c439e5e43618522ad18:hover .ctaButton { background-color: #34495E!important; } .ud522fcc6a83c5c439e5e43618522ad18 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .ud522fcc6a83c5c439e5e43618522ad18 .ud522fcc6a83c5c439e5e43618522ad18-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .ud522fcc6a83c5c439e5e43618522ad18:after { content: ""; display: block; clear: both; } READ: Comparing The Writing Styles, Data Collection And Analysis ProcessIn short, I find that the consumer decision making process is really helpful when it comes to choosing the right product to purchase. I think this process is more suitable to be used in high-involvement purchases, which include those involving high expenditure or personal risk – for example buying a house, a car or making investments, because the stages of the process really guides you to choose the best option, without having to feel guilty or regret after buying it. I will strongly recommend people whom I know to use this process when they are purchasing something important, because it lessens the risk of buying and increases post-purchase satisfaction to a consumer after going through the stages and choosing the right alternative. (1,422 words) References Books * Hawkins, Del I, R J Best, and K A Coney 1983, Consumer Behavior: Implications for Marketing Strategy, Business Publications Inc, Texas. * Solomon, M R 2009,  Consumer Behavior: Buying, Having and Being. 8th ed. Prentice Hall, Upper Saddle River. Websites * Anon. 2010,  Buyer behavior decision-making process.   http://www.tutor2u.net/business/marketing/buying_decision_process.asp Last accessed 26th August 2010. * Perner, L 1999-2010,  Information Search and Decision Making. http://www.consumerpsychologist.com/cb_Decision_Making.html. Last accessed 28th August 2010. * V.E.W. 2003-2010,  Vera Wangs bridal collection. http://www.verawang.com/wedding/bridal-collections/ Last accessed 27th August 2010.

Simon Leys Notes free essay sample

This is an agreeable view, indeed much of the text centers on the tension between Napoleon, the unlikely bald fritterer and his mythic counterpoint who obscures his companions from recognizing him. This duality of identity comes to a head, in the Chapter the Night Empire, when he is faced with a number of grotesque parodies of himself, who present an image of himself of greater likeness of Napoleon than himself. â€Å" This miserable wreck presented an imagine of his model a thousand times more faithful, more worthy and more convincing than the unlikely bald fruiter who, seated beside him, was examining him with such amassment. Thomas asserts the novella exposes the folly of hero worship; this is shown amply throughout the text. The vanity of Napoleons schemes is illustrated and the divide between the real Napoleon and the mythic Napoleon is displayed. With this in head, Leys presents Napoleon into three individualistic identities. We will write a custom essay sample on Simon Leys Notes or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page The historical Napoleon, the fictional Napoleon and the true Napoleon. The historical Napoleon which empowers strength, vanity and power. The fictional Napoleon demonstrates nothing but the death of the physical Napoleon, which therefore leaves the true Napoleon to deal with the historical identity of his death. Moreover, Peter Lockett states that in the Death of Napoleon the legend of Napoleon is far greater than the reality. This is a commendable view because it is so aptly evidenced in the scene where Napoleon encounters an imitator who is of far greater likeness to the Emperor than himself. The irony that Ley portrays when Napoleon learns of his imitators death is filled with dark humor. It is felt that we do not give sympathy to him and we are to mock him. A tendency is felt that Napoleon deserved what he got. However Simmons fails when he posits that the portrait of Napoleon by Leys is completely unsympathetic throughout the entire text . In the final scenes of the novella Napoleons folly is not mocked nor ridiculed but rather painted compassionately. He is making an earnest attempt at setting things right however he is too late. He realizes his wrongdoings and emotions are gone through mockery and dark humor to soft and sympathetic. This could quite lead us to feel guilt of laughing at him and now feeling sympathetic for him. This is evidenced in that the scene is written largely from the perspective of the Ostrich, who views Napoleon in a softer light than the audience and the other characters in the novella. Sympathetic emotions are also encounter when he is faced again with the number of grotesque parodies of himself, who are more worthy and faithful than Napoleon himself. Furthermore, Jane Kelsey states that in the text Leys suggests that we are defined by the opinions or beliefs of those around us. This is an agreeable view throughout the basis of the book as Napoleon is not recognized as the â€Å"great† emperor but more so a living peasant, an anybody, and merely not the legend, the reality once praised and recognized. The appearance of Napoleon and the boatswain is evident through â€Å"between his idol and this ugly little man, with his potbelly and knotty knees, and that he was sacrilege to him† The irony of this is shown that no one actual of great importance realize who Napoleon is actually is. Nigger Nicholas and the medical officer can put him back on the great pedestal that he once claimed. It has risen to the point again, that the myth is greater than the legend himself. His is like a forgotten chandelier in a ruined house. He has the ambition of power and greatness but his not being recognized as it. The esteemed individual or the â€Å"special† person factor is eliminated. Once again, Leys has made this evidential when Napoleon learns the death of his imitator and quotes â€Å"and who would ever recognize him, now that there was no longer anyone to wait for him. Leys leave finally the unanswered question, of do we have the ability to control our own identity. Unfortunately, Napoleon chooses what defines him. He could have settled into bourgeois prosperity and lived happily with the Ostrich however he let ambition and the desire for power and strength carry him away to the very end, when in reality at the end of the text, that was not was important. For what is then Leys intention of the whole novella? It is quite initially what Paul expressed in the opening. What a pity to see a mind as great as Napoleon’s devoted to trivial things such as empires, historic events, the thundering of cannons and of men; he believed in glory, in posterity, in Caesar, nations in turmoil and other trifles absorbed all his attention.. How could he fail to see that what really mattered was something else entirely? † Napoleon, obsessed with power and glory was missing the point, and in the end wasn’t even beneficial as the myth of Napoleon was t he only thing Napoleon related. The things are mere trifles compared to what truly matters namely love and compassion. The virtues of living.