"Mid August at Sourdough Mountain Lookout" is a short story by Jack Kerouac, published in his 1957 collection "The Dharma Bums." The story is set in a remote mountain lookout tower in the Cascade Range in Washington, where the narrator, Japhy Ryder, has taken a summer job as a fire lookout.
The story begins with Japhy arriving at the lookout tower, which he describes as a "tiny wooden house on stilts." He is immediately struck by the solitude and beauty of the place, and feels a deep sense of peace and contentment. The days pass slowly and peacefully, with Japhy spending most of his time reading, writing, and observing the surrounding wilderness.
As the summer wears on, Japhy becomes more and more attuned to the rhythms of nature and the changing seasons. He notices the way the sunlight shifts as the days grow shorter, and the way the trees and flowers change as the summer gives way to autumn. He becomes particularly fond of the sourdough bread that he bakes in his small stove, and the simple pleasure it brings him.
Despite the solitude and simplicity of his life at the lookout tower, Japhy is not entirely alone. He has a neighbor, a gruff old man named Henry, who lives in a nearby cabin and is something of a hermit. Japhy occasionally visits Henry and they engage in philosophical discussions about life, nature, and the meaning of existence.
As the summer comes to a close, Japhy begins to feel a sense of melancholy and longing. He knows that he will have to leave the lookout tower and return to the city, and he is not sure if he will ever be able to experience the same sense of peace and connection to nature that he has found in this remote corner of the world.
In the end, Japhy's time at Sourdough Mountain Lookout serves as a reminder of the simple pleasures of life and the importance of living in harmony with nature. It is a place where he is able to find meaning and purpose, and to connect with something deeper and more enduring than the distractions and superficialities of the modern world.
Balance Sheet: Explanation, Components, and Examples
Last but not least, you can calculate the returns to equity holders. Moreover, the model is very effective in case the entity plans for a large expansion, and equity is to flow from the cash flows of existing projects. The type of breach of covenant or representation which gives rise to this would typically be a deliberate breach on the part of the shareholders. Project Finance: Meaning Independent projects of a company require the panache of Project Finance techniques, owing to the capital intensive, high risk, and time-taking long gestation period nature of such projects. Check the Loan commitments refer to any written agreements between the company i. Re-investment Reinvestment is the process of investing the returns received from investment in dividends, interests, or cash rewards to purchase additional shares and reinvesting the gains. For mid-size private firms, they might be prepared internally and then looked over by an external accountant.
What is Balance Sheet Lending? How do These Loans Work?
Transactions must also meet certain conditions in order to be considered off-balance sheet financing. Some companies use it as an accounting tool to keep their debt-to-equity ratio low; others use it as a financial performance indicator, so it can vary. A bank statement is often used by parties outside of a company to gauge the company's health. On the contrary, project finance comes into the picture when a specific project needs funding and the project's assets and the project cashflows are offered as primary security apart from some additional collaterals. Therefore, until there are transactions associated with the agreements, businesses do not need to report them on the balance sheet. In such cases, based upon the forecasted cash flow resulting from the project, capital through the Corporate Finance, Project Finance does not or minimally impact the corporate balance sheet because the right to claim on the assets in the event of failure to repay, extends to only the assets of the project and the additional security offered if any and not of the parent company. Despite the differences, corporate finance has often crept into the territory of Project Finance and has proven itself useful to finance certain projects.
