Water and Management Precipitation Input

Water and Management Precipitation Input Abstract: One of the key issues in flood management is knowledge of the precipitation input into catchments for hydrologists knowledge of this serves to mitigate hazardous and environmental catastrophes, it is thus imperative to adequately determine precipitation input with appropriate and applicable statistical tools. The objective of this study is to determine the actual precipitation input and suggest the most appropriate method of determining precipitation input for the model catchment provided. Standard and commonly used methods of obtaining the areal precipitation input over a catchment area from rain gauge measurements at the precipitation stations are the Arithmetic mean, Thiessen Polygon, Isohyetal, and the Hypsometric methods. These methods serve as good approximations where the topography of a catchment is flat, if the gauges are uniformly distributed and the individual gauge catches do not differ extensively from the mean. Arithmetic mean: This is the simplest form of giving a value of the average rainfall over a certain area, and works well under the following conditions: When the catchment area is sampled by many uniformly spaced rain gauges When the area has no marked diversity in topography (Davie, 2008) Applying this measurement tool to the arithmetic mean: There are 7 rain gauges with the mean value being 27.14 The total catchment area is = 456km 456 million square meters, 27mm = 0.027 meters So 456,000,000 x 0.027m  § = 12,312,000 m3 Thiessen Polygons: The method was devised by an American engineer, the method provides for the non-uniform distribution of gauges by determining a weighting factor for each gauge. This factor is based on the size of the area within the drainage basin that is closest to a given rain gauge. These areas are otherwise known as irregular polygons. The method is straightforward and easy to use: The catchment is divided into polygons by lines that are equidistant between pair of adjacent stations The lines/polygons are bisected Workout the area of each polygon by counting the squares within each Sums up the areas Compare to arithmetic method to confirm the two are the same Convert the individual polygonal areas to million sq meters and multiply by the converted precipitation rain gauges for example: o 178,000,000 x0.055 =9,790,000 Once this is done add them altogether to derive the total volume of precipitation input within the catchment. Isohyetal method This considered one of the most accurate methods; however as one will often find the method is subject to individual abilities and the knowledge of the general catchment. (Shaw, 1994) The method is more complicated than the first two: To derive of an accurate estimation of the rainfall input one must first find the distance between two rain gauges in mm and eventually interpolate and extrapolate the line to give the adjacent rainfall levels, which can later be plotted back onto the catchment sheet. i.e. method of summation: get the equidistant line between the two rain gauges take for example the distance in mm between gauge A and B 8.5cm-convert to mm- 85mm find the difference between the two rainfall gauges 55-30=25 now to work out the a  ¼ of 85, one would divide 85/100 and multiply this by 25  § =21.25 Which is subsequently a  ¼ of the equidistant line between the two rainfall gauges This figure can be used to derive the 2/4 point, the  ¾ point etc. By simply doubling the 21.25 figure you arrive at the 2/4 or 50% point and then to get the 75% point adds 21.25 to the 50% point. One must now expand on the quartiles between the rainfall gauges: This is done by using the difference (25) calculated earlier. Half of this gives 12.5 which when added to the first gauge, or gauge B (30mm) you get 42.5. Half of 12.5 gives 6.25, which when added to 30 gives 36.25, and so on until it matches against the adjacent measuring line. (*see supplementary sheets to see for techniques and further explanation) -once this is done plot the rainfall values using the adjacent measurements and join lines of equal rainfall Then progress to count the areas between the isohyets and find the average the two. Convert the individual areas to million sq meters and multiply by the converted average precipitation values for example: 31,000,000 x 0.059 = 1,829,000 cm3 Do the same with all the values; add them to get the total volume of precipitation input. Hypsometric Method The method uses catchment topography and the rainfall measurements to derive of a total weighted precipitation input. It fairly accurate however is also dependant on the abilities of an individual, whilst drawing the hypsometric curve. The hypsometric curve allows for adjacent precipitation values to read from the graph. The area underneath the curve of precipitation gives the area of an individual gauge, and can be calculated thereafter in the same system as the previous two methods: Analysis/Conclusion: It is clear from the results that the arithmetic mean is the likely to be less accurate than the other 3 methods, this is due to the catchment having qualities, such as topography and well distributed gauges which are characteristics that prove desirable to the other three methods. I have averaged the precipitation inputs to get a more accurate figure: Averaged 15,027,250 Total volume cm3 It has been very difficult to observe a trend of between the methods, however three major patterns have been observed, the arithmetic mean varies much from the Thiessen weights and other two weights, showing that on one level the arithmetic mean is less accurate and takes the values into a much broader scale, whereas the other three methods are much more specific. The relation between the weights is very spread because the precipitation input is governed by various factors and complex activities, and each method also demands certain qualities within a catchment for it to be applied appropriately, take for example the Isohyetal method which is subjective to individual abilities and knowledge of the catchment area, which in this case is not entirely possible, given the limited background information. References: Davie, T., (2008) Fundamentals of Hydrology Volume 1 of Routledge fundamentals of physical geography series, 2, illustrated, Routledge, pp28-30 Brooks, K. N., (2003) Hydrology and the management of watersheds, ed.3, illustrated, Wiley-Blackwell, pp30-34 ASCE (1996) Hydrology handbook, Iss. 28 Vol. 28 of Time Life Complete Gardener, American Society of Civil Engineers Publications, pp 40-48 Shaw, E.M., (1994) Hydrology in Practice, Taylor Francis, illustrated, 3rd ed., pp208-212

Genital Mutilation In Sudan :: essays research papers fc

The lights are dim and the voices quiet. Tension fills the room where Nafisa, a six-year-old Sudanese girl lies on a bed in the corner. Her aunt, 25-year-old Zeinab, watches protectively as her niece undergoes the procedure now known as female genital mutilation (FGM), formerly called female circumcision. In this procedure, performed without anaesthesia, a girl's external sexual organs are partially or totally cut away. Zeinab does not approve. For the past year she has been trying to persuade her mother and sister to spare Nafisa from the procedure. She lost the battle with her family, but she will stay at her niece's side. She watches Nafisa lying quietly, brave and confused, and remembers her own experience. Zeinab underwent the procedure twice. At six years old she had the more moderate form of FGM, called Sunni, in which the covering of the clitoris is removed. When she was 15 the older women of her family insisted she have the Pharaonic form, which involves removal of the entire clitoris and the labia and stitching together of the vulva, leaving just a small hole for elimination of urine and menstrual blood. Zeinab still remembers the pain, the face of the women performing the procedure, the sound of her flesh being cut. She also remembers bleeding and being sick for weeks. This extreme form of FGM has been performed on 82 per cent of Sudanese women, according to a recent survey. Today, 85 to 114 million girls and women in more than 30 countries have been subjected to FGM. Female genital mutilation has long been performed to ensure chaste or monogamous behaviour by suppressing female sexuality. It is commonly -- although erroneously -- attributed to religious edict. In fact, neither Islam nor Christianity officially sanctions it. FGM is dangerous. It is estimated that untrained traditional birth attendants perform two thirds of the procedures. They typically have limited knowledge of health and hygiene and often use inadequately cleaned traditional instruments. Side effects of FGM include trauma, bleeding and haemorrhage; pain, stress and shock; infections (which can be fatal); painful and difficult sexual relations; obstructed labour and difficult childbirth; and psychological trauma. The effects can last a lifetime. The practice was declared illegal in the Sudan in 1941, but that did little to stop it. About 90 per cent of northern Sudanese women have had it done. Why does FGM continue? In surveys, the most common reason

Digitally Divided Canada

Presently, the world experiences a major and radical transformation primarily because of information and technological revolution. Almost everyday, history witnesses the birth of highly sophisticated gadgets and equipments that have literally altered the lives of many individuals. Nowadays, the hindrances brought about by geographical, spatial and time constraints, no longer affect mankind. In a blink of an eye, tasks which usually take several days or months to be accomplished can be readily addressed with just a single click.Evidently, Marshall McLuhan’s notion of the global village (Baran & Davis, 2006) is no longer a theoretical argument—the global village has readily developed, thus making each and every individual, regardless of their age, social status, race and ethnicity more connected and interactive than ever. Relatively, the establishment of the information superhighway did not only increase the connectedness of different groups and communities. More than any thing else, such situation is instrumental in opening the doors for various opportunities for growth and development within the national level.Canada for example, experienced a major economic shift with the introduction of Information and Communications Technology, or more popularly known s ICT (â€Å"Canada’s Journey,† 2003). A country which was once heavily dependent on its marine and agricultural resources, is now capitalizing on the benefits and advantages of their so-called â€Å"knowledge economy (â€Å"Canada’s Journey,† 2003). † As a matter of fact, the country is considered as one of the most competitive forces within the information technology industry (â€Å"Canada’s Journey,† 2003).However, while it is true that technology fueled Canada’s economic expansion, one of the pressing issues that the country needs to confront is digital divide. Digital divide is a serious social concern that cannot be simply described as a battle between those who are considered as technologically rich and technologically poor. More than anything else, the implications of digital divide tend to contribute to the worsening of the social, economic and cultural gap. These kinds of division are most especially felt between rural and urban settlers.If technology is said to govern man’s life, clearly, those who cannot fully avail of modern tools and equipment are also denied of exploiting technology’s benefits. Evidently, those that are living in the rural area are placed in very uncompromising situations in as far as being â€Å"digitally-connected† is concerned. Given this situation at hand, one may readily ask, how does digital divide affect the marginalization of rural settlers in Canada? For this particular discussion, the statistics presented in the Canadian Social Trends and The Daily was primarily used.Information in such sites is highly significant since it basically provides a wider view on h ow the whole Canadian populace utilizes the internet. However, the above-mentioned sites do not only dabble with internet usage alone. They also provided substantial discussions regarding the availability of personal computers in both rural and urban Canada. On the other hand, another major source that is used to support the arguments of this report is the E-government studies of the Organisation for Economic Co-operation and Development (OECD).In OECD, however, the facts presented are comparisons of internet usage in the global scale. Such information is therefore necessary to be included in this analysis since it presents an overview on how far Canada has fared when it comes to global connectedness and how its current situation contributes to the digital divide experienced by the country. In understanding digital divide in Canada, it is highly important to first understand how information technology works in the country.It is also impetus to know the percentages of individuals who can readily access to have a substantial articulation of the matter. In addition to that, the inputs from the OECD contribute in a much deeper examination of how digital divide affects not only Canada, but also in other parts of the world. This Mc Laren (2002) discussed that mostly of the individuals who own computers are located in Census Metropolitan Areas (CMA) and Census Agglomerations (CA). This is in stark contrast to those who are residing in rural and small towns.More than 50 to 60% of those living in CMAs and CAs have computers at home, whereas, only 40 to 50% of those in the rural areas posses such equipment (please refer to Figure 1 of Appendix). There are two reasons that can possibly explain this particular situation. First, it can be argued in here that urban settings can easily adapt to major technological shifts and transformations. This would not come as much of a surprise since major cities and areas are considered as the center of commerce and trade. In an area l ooming with various business opportunities, the use of an efficient technological platform is a must.Business endeavors that aspire to be globally competitive must take advantage of technology’s positive effects and contributions. Thus, individuals in this area become more aware about the uses and purposes of any technologically-related material. Another reason behind that is the high purchasing power of urban settlers. Suppliers of high-end technological products readily targets consumers in the city since they know that highly urbanized areas can provide them with a solid market base. On the other hand, as for the case of rural residents, digital connectedness seems to fall short.This primarily stems from the existing income discrepancies between the two groups. McLaren (2002) found out that those who earn less than $20,000 in rural areas can hardly afford to have their own computer. Only 20% (please refer to Figure 2 of Appendix) of rural settlers are capable of purchasing personal computers. However, for urban dwellers who also earn less than $20,000, more than 30% (please refer to Figure 2 of Appendix) of the population has their own computers . The same situation is reflected as for the case of those who are earning beyond $20,000.Based from a critical perspective, if Canadians in rural are literally outnumbered when it comes to having access to computers, then it is also relative that is harder for them to acquire internet access as well. While it is true that individuals from both rural and urban areas tend to have the same income, the availability of computers in cities is more prevalent compared to small towns. This means that an urban dweller, despite of the fact that he or she earns less than $20,000, can still own a computer primarily because in the city, one can always find cheaper alternatives.Computer providers in such areas are engaged into a stiff competition that compels them to lower their prices so that they can tap their potential markets. On the other hand, the availability of computer suppliers in rural areas is less than those in highly urbanized ones. Competition is hardly felt and therefore, these suppliers can demand their prices. Relatively, computers sold in rural sectors are literally more expensive than those that are found in the city.Given this aspect at hand, if Canadians in rural areas cannot avail of the basic equipment or material used in connecting via the internet, then it would be harder for them to participate into the digital world. It would be more difficult for these individuals to be updated on recent technological trends and developments. In addition to that, the lack of computers also prevents these individuals from making the most of Canada’s robust knowledge economy. Also, it is important to note that computers nowadays cannot only assist Canadians in connecting through the internet.Computers are also instrumental in making work processes and transactions much faster and eas ier as compared to manual work. One must always bear in mind that digital divide does not merely focus on the capacity to connect online; it is also the ability of owning the required technological platforms or materials. In the meantime, in as far as internet access is concerned, thus, it would not come as too much of a surprise of urban households are more connected. According to the Organisation for Economic Co-operation and Development (2003), from 1999 to 2001, 33.6% of rural homes in Canada have internet connection, whereas a total of 44. 4% of urban settlers enjoy internet services (please see of Appendix). There is no doubt that the internet is a good source of knowledge and information. Relevant data and statistics found in the World Wide Web contribute to empowering and educating individuals. However, with the current situation of rural Canada, they are evidently left behind. Take for example the case of students which primarily uses the internet for research aid and purpo ses.The ones located in urban areas enjoy the benefits of acquiring significant facts and figures that cannot be ordinarily seen in local libraries and other academic sources. Individuals in the urban areas are also able to exploit government services via the internet. It is also important to note that online business opportunities are easily accessed by urban residents since they have the tool to do so. Apparently, the digital divide tends to exclude individuals from the rural sector from using technology to further empower themselves and seek for other opportunities for growth and development.There is an evident inequality in digital divide that basically originates from the unequal distribution of wealth and power. More than anything else, it should be always remembered that only those who have access to a wide array of providers and are financially adequate to participate into the digital arena, are the ones who are most likely to benefit from them. Relatively, these two conditi ons (access to providers and financial adequacy) are commonly found in metropolitan areas. Income disparity is indeed a key factor in the proliferation of digital divide and marginalization of rural Canada.As a matter of fact, one of the primary reasons that prohibit Canadians in rural areas from utilizing the internet is the â€Å"costs† associated with it (McLaren, 2002). The other reason corresponds to the absence of necessary skills and training (McLaren, 2002). In addition to that the geographical economic conditions of rural sectors in Canada are also important factors in analyzing digital divide and its implications. Transforming small towns into a digitally active community translates to building the necessary infrastructures.Thus, in as far as internet and communication providers are concerned; an area should be highly feasible for business operations and profitability before they finally consider the idea of building internet-related structures (Siegan & Walzer, 200 3). Unfortunately, if the concerned area does not qualify to the business needs of providers, then digital connectedness is less likely to grow and flourish. Not unless the Canadian government creates yet another solid and concrete plan to establish technological infrastructures in rural domains, then people living in these areas would remain digitally left behind.The effects of digital divide in rural Canada however cannot be only felt on the economic disadvantages of rural residents. Aside from the tacit or unconscious information monopoly of those that are technologically rich, there is also an apparent exclusion of the technologically inept from participating in issues that require utmost concerns (Jones, 2003). For how can somebody participate if he or she is not well-informed? Aside from that, rural residents are somehow denied of articulating their interests, views and opinions.It is no secret that the internet provides forums and sites wherein participants can express their sentiments and generate possible solutions. It is through the net that groups with similar orientations converge. However, it is pretty difficult for rural settlers to be involved if in the first place, they are not that digitally connected. Another thing to be considered is that the digital divide tends to delimit rural Canada from availing the services of the government on an easier pace (Marshall, Taylor & Yu, 2003). The government use of internet is indeed commendable.However, this would be still useless if not the majority of the populace can readily utilize it. Digital divide between urban and rural residents require immediate action. The opportunities brought forth by technology should not be limited into very few hands. If there is anyone who must be technologically empowered, it is no other than the ones in rural settings primarily because they are the ones who really need it, not the other way around. In as much as technological infrastructures are progressively establishe d in urban areas, then more efforts should be exerted in the rural sectors.

The Great Gatasby essays

The Great Gatasby essays All humans commit sin, all humans are flawed; once this is accepted by society, it would shows true signs of a progressive world. The concept of accepting the fact that all humans are guilty of sin and are flawed would seem simple, but through the years not much has changed. There is still hatred and judgment being passed every day in society. Nathaniel Hawthorne, known for his short stories written to reveal a not-so-hidden moral theme, often commenting about his views on religion and reformed religious thinking, this all came at a time of great religious reform in America. Hawthorne published two stories that seemed to follow the same pattern: The Birthmark, followed by Rappaccinis Daughter. Though the stories had many aspects of originality they both share a common central theme, that all humans sin. In the story The Birthmark, Hawthorne makes the point that all the characters demonstrate some element of sin. The main character Aylmer, a science type, passes clear judgment upon his wife; by making the following comment, "Ah, upon another face, perhaps it might," replied her husband. "But never on yours! No, dearest Georgiana, you came so nearly perfect from the hand of Nature, that this slightest possible defect- which we hesitate whether to term a defect or a beauty- shocks me, as being the visible mark of earthly imperfection." This is Aylmer telling his wife that the birthmark, she once thought was a beauty mark, is a defect. By passing judgment on his wife, Aylmer has sinned for only God as a Supreme Being is entitled to pass judgment upon another. Georgiana is also a sinner. Later in the story Georgiana is guilty of becoming very vain to the point where she tells her husband that she would like to try to manipulate face and remove her birthmark, even at the cost of great risk to her health and well-being, by trying to remove the birthmark Georgiana is ...

History of Empires in Past and Modern World

History of Empires in Past and Modern World Introduction All through history, there have always been reports of the growth and development of empires. The Egyptian, Roman and Greek empires are but some of the greatest empires during medieval times (Haspeslagh, 2010). During the 16th and 17th century, the Spanish empire was one of the strongest empires in the world.Advertising We will write a custom essay sample on History of Empires in Past and Modern World specifically for you for only $16.05 $11/page Learn More Later on, during the 19th and 20th century, the British Empire became the largest and strongest empire in the world (Hofstede and Hofstede, 2005). Even at the present day and time, there are empires. However, the composition and operation of the current empires are somewhat different to those of ancient times. This essay shall thus compare and contrast ancient and modern empires in order to determine their similarities and differences. Empires Contemporary empires differ a lot in the manner i n which they are constituted and operated (Hobsbawm, 2003). The modern world has become vast and almost everything is integrated. As a result, each and every action is dependent on many other factors and its overall outcome has the chance of affecting almost all aspects of life. During the beginning of the 21st century, for instance, SARS, a respiratory disease that originates in China affected transport, communication, international relations, the global market and the entire economy of the world (Hobsbawm, 2003). This is because the world that we are living in currently is mainly dependent on globalisation. Thus, a lot of operations other than political matters are conducted across the physical boundaries of nations (Hofstede, 2009). This globalisation is mainly dependent on technological advancement. Thus, many nations have adopted technology, which has been incorporated even into the military to ensure that states are able to defend their citizens and interests effectively and e fficiently. At the present moment, USA is the largest empire in the world. However, to achieve this, it has used relatively different tactics as compared to ancient empires (Hofstede, 2001). However, the manner in which the United States Empire is organized is quite different as compared to that of ancient empires like the British Empire during the 20th Century for instance.Advertising Looking for essay on international relations? Let's see if we can help you! Get your first paper with 15% OFF Learn More USA is a vast nation comprising of individuals from different nationalities hence it has a universal purpose (Deusen et al, 2003). In addition, the empire comprises of a number of satellite states mainly in the west that have come into an alliance that has benefits from both ends thus it does not colonize its subjects. Britain on the other hand is a small nation that mainly comprises of individuals from similar culture and backgrounds hence the British Empire had a British purpose. Despite that the British Empire comprised of approximately a quarter of the globe during the 20th century, all of these territories were actually acquired via colonization (Minkov, 2007). However, the British did not control the world to achieve political or military supremacy. Instead, they control the world for economic reasons in order to get raw materials and convert them into finished products that were sold to developing countries at exorbitant prices (Alessio, 2010). The US Empire on the other hand mainly works hard to protect its internal interests (Hobsbawm, 2003). During the 21st century, the US Empire has worked hard to protect its industries from external competition (Asenova et al, 2002). In addition, the nation also strives for arms power especially during the cold war. Thus, these two empires were based on the concept of globalization but had different interest (Jovanovic, 2011). Conclusion In history, several empires have been in existence. Ho wever, the manner in which ancient and current empires are constituted is quite different. Despite the fact that both of these empires have been based on globalization, modern empires like the US Empire strive to achieve economic and military supremacy while ancient empires like the British Empire aimed at meeting their own interests that was economic sustainability. Therefore, both of these empires have some element of similarity and difference. References Alessio, D 2010, ‘Monopoly Imperialism: How Empires can be Bought or Leased’,  Social Affairs Europe, Sage, London.Advertising We will write a custom essay sample on History of Empires in Past and Modern World specifically for you for only $16.05 $11/page Learn More Asenova, D, Beck, M, Akintoye, A, Hardcastle, C and Chinyio, E 2002, ‘Partnership, value for money and best value in pfi projects: obstacles and opportunities’, Public Policy and Administration, Vol. 17 No. 4, pp. 5-20. Deusen, C, Mueller, C, Hofstede, G and Charles, T 2002, ‘What goals do business leaders pursue? A study in fifteen countries’, Journal of International Business Studies, Vol. 33 No. 4, pp. 785-803. Haspeslagh, P 2010,’Corporate governance and the current crisis’, Corporate Governance, Vol. 10 No. 4, pp. 375-377. Hofstede, G 2001, Culture’s Consequences: Comparing Values, Behaviors, Institutions and Organizations Across Nations, Sage, Thousand Oaks, CA. Hofstede, G and Hofstede, G J 2005, Cultures and Organizations: Software of the Mind, McGraw-Hill, New York. Hofstede, G 2009, ‘American culture and the 2008 financial crisis’, European Business Review, Vol. 21 No. 4, pp. 307-312. Hobsbawm, E 2003, The Empire Expands, Still Wider and Wider, https://www.counterpunch.org/2003/06/10/the-empire-expands-wider-and-still-wider/Advertising Looking for essay on international relations? Let's see if we can help you! Get your first paper with 15% OFF Learn More Jovanovic, M 2011, International Handbook on the Economics of Integration: Competition, Spatial Location of Economic Activity and Financial Issues, Edward Elgar Publishing, Sacramento. Minkov, M 2007, What Makes us Different and Similar: A New Interpretation of the World Values Survey and Other Cross-Cultural Data, Klasika i Stil Publishing House, Sofia.

Finanical Management Essay Example | Topics and Well Written Essays - 2500 words

Finanical Management - Essay Example manufactures time series photographic equipment. It is currently at its target debt-equity ratio of 1.3. It is considering building a new 45million manufacturing facility. This new plant is expected to generate after-tax cash flows of 5.7 million to perpetuity. There are three financing options. It will be noted that the flotation charges made from issuing common stock has caused the shortage on the required investment for the new building. Initially, the firm has considered raising funds to finance new building construction, but it seems this option needs some mix re-alignment or additional financing either thru bonds or bank borrowings. Flotation cost is defined as the costs associated with issuance of new securities. It is the portion of the proceeds associated with the size of the spread. It includes costs incurred by the underwriting company in marketing the stocks. Annual coupon rate 9% YTM 20 yrs. Purchase value $950.00 Face value $1000.00 Current yield 9.474% Yield to maturity 9.570% A criterion for evaluation of NPV is when NPV is more than zero, accept the project when it is positive, and when the NPV is negative, reject the project. NPV also gives us an idea if the total net present value can finance the project cost. (Van Horne) M & M contends that capital structure is irrelevant, and that the value of the firm depends on its total asset and not by its capital structures. In the diagram above of two firms, both are levered by equity and debt and have similar financial capital structure. The only difference that could be observed is how they finance their operation. In diagram A, 70% is levered by stock

Finance Essay Example | Topics and Well Written Essays - 1500 words - 2

Finance - Essay Example Because currency exchange rates fluctuate on a daily (minute-to-minute) basis, clean and easy apples-to-apples comparisons of U.S. dollars to Euros or Yen may not be possible, especially with systems that deal with data on an intraday basis. Tracking the profitability of products in varying markets will fall short of expectations unless data stores and currency tables that contain detailed exchange rates and valuation dates are properly integrated into the general warehouse or operational data store. Many currencies will be tracked against other currencies - the simplest being home currency versus the single currency of the trade/deal/transaction - using parallel fields for each denomination in the appropriate warehouse tables. Thus, if a transaction took place in Japan (in Yen), multiple fields that represent the event would have both U.S. dollars and Yen denominations that communicate up-to-date or restated exchange rates. The business firm must also be aware that the location of t he transaction does not always unequivocally define the currency of the transaction. Many financial events such as currency swaps and spots will fall into this category, making it more laborious to correctly portray the financial picture of the business. Unexpected changes in the values of foreign currencies can affect the profitability of doing business internationally by unexpectedly changing the home currency value of future foreign currency-denominated cash inflows and outflows. This implies that organizations will need to consider implementing foreign exchange â€Å"hedging† strategies to mitigate the adverse consequences of unexpected and profit-reducing exchange rate changes. Suffice it to say that organizations may wish to seek the assistance of available expertise in the banking or brokerage communities to design and implement a foreign