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Kevin Kwan: Turning Intercultural Life into Art For 25 years, Hollywood did not make a movie with an all-Asian cast. Then a man named Kevin Kwan wrote a book, and made a film called Crazy Rich Asians. The story is about an Asian American economics professor named Rachel, who goes to Singapore to meet her boyfriend's wealthy family. The film was an instant success. It made 238.5 million dollars and became the most successful romantic comedy of the last ten years. Now Kwan is famous for bringing Asian themes to the big screen. The book has been translated into several languages, and he has published two more. In listening to him talk, it is clear that Kwan's own life has been the inspiration for his witty and affectionate view of wealthy Asian society. TIMES BESTSELLER CRAZY RICH ASIANS & NOVEL KEVIN KWAN Thank ish the's by and the CRAZY CRAZY RICH ASIANS KWAN CRAZY RICH ASIANS KEVIN HINA IRLFR LEVINA Kwan was born in Singapore, and his early life felt normal in many ways. His group of friends rode around the neighborhood on their bikes, and stole fruit from the neighbors. Then, when he was 11 years old, his family moved to Houston, Texas. In the US, Kwan attended high school, made friends, and had fun, just like others his age. He was not a great student, but he did well in creative writing. Eventually, he moved to New York City, where he became a successful design consultant, with many important clients. However, while he was living in New York, he learned his father was very sick. Kwan immediately returned to Houston to care for his father, and the two began to recall memories of Singapore. Kwan was fascinated by his father's stories, and they brought back details of his own childhood. He came from a very wealthy family. His grandmother's ancestors started one of the first banks, and his great uncle helped develop a widely used herbal ointment. It was normal for several generations to live together in an elegant home, with grand furnishings and beautiful gardens. Among his friends, there was a girl who received an expensive grand piano as a birthday present. Another friend, who was still too young to drive, owned matching white sports cars. As he reflected on his family history, Kwan decided to write the memories down as stories, which inspired his novel. These people had lived through Singapore's transition into a world financial center, and he had insight into the details of their lives. In addition, Kwan was also an immigrant, so he could explore the feelings and hopes of other Asian Americans and their children. He used his experiences to write his book, and then film, about immigrants and the worlds they came from. The film's success showed that audiences like seeing the funny, painful, and rewarding stories of families, no matter how crazy or rich they are.

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เศรษฐศาสตร์ มหาวิทยาลัย

วิชา PRE380

2. A chemical company is considering options for eliminating harmless chemical sludge from the following 2 options. (1) Prepare the site for landfilling in the factory. This option requires the initial investment for purchasing the essential equipment 130,000 Baht. Each year there will also be a cost of landfill operation 95,000 baht per year. At the end of its service life of 3 years, the equipment used within the landfill site will have a salvage value of 20,000 baht. (2) Hire a chemical sludge removal contractor to remove sludge. The contract term must be 6 years. The cost of contract to be paid to the contractor are 110,000 Baht a year in year 1-2; 115,000 Baht in year 3; 120,000 Baht in year 4; 125,000 Baht in year 5; and 130,000 Baht in year 6. a) (13 marks) If the company finances the money for this project by borrowing from a bank in which the bank charges interest on loans at the rate of 3.86% per 6 months, compounded every month. Which option should this chemical company choose? b) (5 marks) The company executives believe that the option of establishing a landfilling site within the factory seems to be a more sustainable alternative for the company. If the selection in question a) above did not select the landfilling site option, please suggest how much the initial investment for purchasing the equipment should cost so that the landfill option would be selected (assume the same salvage value of the equipment)?

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INTERNATIONAL JOURNALS OF ACADEMICS & RESEARCH IJARKE Business & Management Journal standard deviation of 1.564. The statement that collection policy monitors account receivable to know had a mean score of 3.68 and standard deviation of 1.463. The statement that circumstances for offering credit to clients had a mean score of 3.93 and a standard deviation of 1.078. 8.1.3 Account Receivables The third objective was to determine the effect of account receivables on financial performance of transport firms in Mombasa County. The statement in agreement that available debt collection policy has assisted towards effective debt management had a mean score of 4.21 and a standard deviation of 1.210. The statement that transport firms sets and follows debt collection policy and terms had a mean score 3.26 and a standard deviation of 1.435. The statement that the organization implements these terms and policies in case of failure to pay the loan had a mean score 3.60 and standard deviation of 1.374. The statement that favourable credit terms stimulate sales had a mean score of 3.59 and a standard deviation of 1.232. Table 5 Account Receivables Available debt collection policy has assisted towards effective debt management Transport firms sets and follows debt collection policy and terms The organization implements these terms and policies in case of failure to pay the loan Favourable credit terms stimulates sales Valid N (listwise) 8.1.4 Credit Terms ISSN: 2617-4138 www.ijarke.com DOI: 10.32898/ibmj.01/1.4article07 Table 6 Credit Terms Business growth has been as a result of proper financial management practices undertaken by the firm. There had been an improvement in debtor's collection by using credit collection policies The business growth depends on sales returns in terms of price of the product, sales in the period, number of customers in a period and credit collection policy in place Solvency-Long-term debt against your assets and equity Valid N (listwise) N 103 92 IJARKE PEER REVIEWED JOURNAL 103 103 103 103 N 103 103 103 103 103 Mean The fourth objective of the study was to examine influence of credit terms on financial performance of transport firms in Mombasa County. The statement that available debt collection policy has assisted towards effective debt management had a mean score of 4.21 and a standard deviation of 1.210. The statement that transport terms of sales had a mean score of 3.76 and a standard deviation of 1.302. The statement that credit collection period had a mean score of 3.57 and a standard deviation of 1.684. The statement those terms of extension of credit facilities as shown in Table 6 N 103 4.21 3.26 103 103 3.60 3.59 Mean Available debt collection policy has assisted towards effective debt management Transport terms of sales Credit collection period Terms of extension of credit facilities Valid N (listwise) 8.1.5 Financial Performance The statement that business growth has been as a result of proper financial management practices undertaken by the firm had a mean score of 3.68 and a standard deviation of 1.463. Table 7 Financial Performance Vol. 1, Issue 4 4.21 3.76 3.57 3.51 103 3.48 103 3.13 Std. Deviation 1.210 1.435 1.374 1.232 3.58 Std. Deviation Std. Mean Deviation 3.68 1.463 1.210 1.302 1.684 1.552 1.259 1.525 1.492 May-Jul. 2019

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