discount pottery!

discount pottery

Comprehensive Analysis

1) "Discount" -- As to discount pottery 1dis·count Pronunciation: 'dis-"kaunt Function: noun 1 : a reduction made from the gross amount or value of something: as a (1) : a reduction made from a regular or list price (2) : a proportionate deduction from a debt account usually made for cash or prompt payment b : a deduction made for interest in advancing money upon or purchasing a bill or note not due 2 : the act or practice of discounting 3 : a deduction taken or allowance made Pronunciation Symbols See also Discounts and allowances. For the band, see Discount. In finance and economics, discounting is the process of finding the present value of an amount of cash at some future date, and along with compounding cash forms the basis of time value of money calculations. The discounted value of a cash flow is determined by reducing its value by the appropriate discount rate for each unit of time between the time when the cashflow is to be valued to the time of the cash flow. Most often the discount rate is expressed as an annual rate. To calculate the net present value of a single cash flow, it is divided by one plus the interest rate for each period of time that will pass. This is expressed mathematically as raising the divisor to the power of the number of units of time. As an example, suppose an individual wants to find the net present value of $100 that will be received in five years time. There is a question of how much is it worth presently, and what amount of money, if one lets it grow at the discount rate, would equal $100 in five years. Let one assume a 12% per year discount rate. NPV = 100 dollars divided by 1 plus 12% (0.12) divided by 1 plus 12% (0.12), etc. Since 1.125 is about 1.762, the net present value is about $56.74. So, an economy where money loses 12% of its value/purchasing power every year, how will it "feel" like having 100 $ in five years? Well, it will "feel" like having $56.74 now. So the interest rate you be charged at the bank will be very high to compensate for this fact. The following link has a tutorial on discount mathematics: Tutorial on discount mathematics 1 Discount rate 2 Discount factor 3 Other discounts 4 External links 5 See also 5.1 Lists The discount rate which is used in financial ..." 2) "Pottery" -- As to discount pottery pot·tery Pronunciation: 'pä-t&-rE Function: noun Inflected Form(s): plural -ter·ies 1 : a place where clayware is made and fired 2 a : the art or craft of the potter b : the manufacture of clayware 3 : CLAYWARE; especially : earthenware as distinguished from porcelain and stoneware and from brick and tile Pronunciation Symbols Unfired "green ware" pottery on a traditional drying rack at Conner Prairie living history museum. Pottery is the ware made by potters and the places where such wares are made are called potteries. In everyday usage the term is taken to encompass a wide range of ceramics, including earthenware, stoneware and porcelain. 1 Background 2 Methods of shaping 3 Glazing and decorating 3.1 Glazing 4 History 5 Pottery and archaeology 6 Notes 7 References 8 See also 9 External links Pottery is made by forming a clay body into objects of a required shape and heating them to high temperatures in a kiln to induce reactions that lead to permanent changes, including an increase in strength and the setting of their shapes. There are wide regional variations in the properties of clays used by potters and this often helps to produce wares that are unique in character to a locality. It is common for clays and other minerals to be mixed to produce clay bodies suited to specific purposes; for example, a clay body that remains slightly porous after firing is often used for making earthenware or terra cotta flower-pots. A man shapes pottery as it turns on a wheel. (Cappadocia, Turkey). The potter's most basic tools are the hands, but many additional tools have been created over the long history of pottery manufacture, including the potter's wheel, paddles, shaping tools (or ribs), slab rollers, and cutting tools. Pottery can be shaped by a range of methods that include: Handwork pottery in Kathmandu, Nepal. Handwork or handbuilding. This is the earliest and the most individualized of forming methods; wares are constructed from threads of hand-rolled clay built-up in coils, from clay slabs and ..." 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