<p>Video poker is a casino game based on five-card draw poker played on a computerized console. Video poker allows players an opportunity for some control of the random events that determine whether they win or lose. This means that making the right play can increase a player's return in the long run. For that reason, optimal strategy hand-rank tables for various types of video poker games have been recently published and established to help players improve their return (Ethier, 2010). Ethier posed a number of open problems in his recent book, <em>The Doctrine of Chances: Probabilitistic Aspects of Gambling</em> among which were some in video poker. In this thesis we consider the most popular video poker games: Jacks or Better, Double Bonus, and Joker Wild. Ethier produced an optimal strategy hand-rank table for Jacks or Better. We expand on his method to produce optimal hand-rank tables for Double Bonus, and Joker Wild. The method involves enumerating all possible discards, computing the expected returns, and then finding a way to rank them according to optimal discard based on the payoffs. The methodology combines combinatorics with probability and C++ programming. For Double Bonus and Joker Wild new terminologies are introduced in order to illustrate how different cards can affect the magnitude of expected return of a particular hand. Furthermore, ranks whose organization and specification are noteworthy in the hand-rank tables are examined and provided with in-depth explanations and supporting examples. The final result is a hand-rank table for use by the player. The player chooses that discard which ranks highest in the hand-rank table corresponding to potential final hands.</p> / Master of Science (MSc)

自2001年以來，美國爆發安隆、世界通訊等一連串的弊案後，國際性投資機構法人不斷對財務會計報表是否能真實、允當的表達一家公司經營的面貌產生未有的質疑，其中包括國內實施多年的員工分紅配股制度，在此期間，國內主管機關、產業界及學術界針對此制度所衍伸的問題有相當多的討論與交換意見。 本研究觀察2004~2006年國內員工分紅配股現況；探討員工分紅配股屬盈餘分配情況下，在目前會計處理所衍伸的公司治理及會計原則適用問題；並參考馬秀如教授於會計研究月刊所舉的例子，加以延伸，加入更多參數及假設條件，探討員工分紅配股依面額或依市價計算、股價高或股價低、盈餘是否全數轉增資、除權後是否填權情況下，對股東權益產生何種不同程度的影響；再針對目前產業界，針對員工分紅費用化後，員工產生的實質所得減少，所回應的因應配套措施，探討其各項配套措施對員工權益、股東權益甚至產業界長久以往的影響。 經本研究觀察及探討，有以下發現，提供主管機關、投資人、企業及員工做為參考： 一、2006年員工分紅配股稀釋股東權益仍極嚴重，且2004年至2006年員工分紅配股稀釋股東權益情況並無往改善方向進行。 二、現行員工紅利屬盈餘分配的會計處理，無法真實反應公司盈餘、有違公司治理精神且無法與國際會計準則接軌。 三、在相關的簡化假設條件下，員工分紅配股對股東權益造成下列之影響： 1. 高股價、員工分紅配股依面額計算、盈餘全數轉增資情況下，填權與否不影響期末股權稀釋比率。 2. 低股價、員工分紅配股依面額計算、盈餘全數轉增資情況下，填權與否仍不影響期末股權稀釋比率。 3.員工分紅配股依面額計算、盈餘不全數轉增資情況下，不論股價高低、填權與否，均可使期末股權稀釋比率大幅降低。 4. 高股價、員工分紅配股依市價計算、盈餘全數轉增資、填權情況下，期末股權稀釋比率大幅降低。 5. 低股價、員工分紅配股依市價計算、盈餘全數轉增資、填權情況下，期末股權稀釋比率較高股價高。 四、現行員工紅利屬盈餘分配的會計處理下，大多數的公司選擇員工分紅配股的員工激勵制度。 五、員工分紅費用化後，使股東權益稀釋程度鎖住一固定比率、盈餘真實性提高、公司間可在同一基礎上相互比較、財務透明度提高並與國際接軌。 六、員工分紅費用化後，企業因應的員工激勵制度配套措施將呈現多樣化。 七、員工分紅費用化，對員工實質所得有相當大的影響；對股東為鎖住一固定比率的稀釋程度；對公司而言，可用的員工激勵措施資源減少；對產業，將形成好公司更好，壞公司更壞的循環。 / Following the outbreak of a series of scandals, such as Enron and WorldCom, in the U.S. as from 2001, international institutional investors have been suspicious about whether financial statements can truly and adequately represent a company’s operating status, including the employee stock bonus system that had been carried out domestically for many years. As a matter or fact, while applying the system, local competent authorities, industries and academic circles have had a lot of concerns about the resulting problems, which triggers plenty of discussions and opinion exchanges. By observing the domestic employee stock bonus distribution for 2004 through 2006, this study aimed to investigate the issues of corporate governance and accounting principle applicability derived from current accounting process under the circumstance where employee stock bonuses fall in retained earnings. Also, by referring to examples given by Professor Sheree S. Ma in Accounting Research Monthly, the study added more parameters and hypothetic assumptions to explore the degree of the influence of employee stock bonus calculation (according to the face value or market price), the stock price (high or low), earnings recapitalization and price recovery status subsequent to the ex-right date on shareholders’ equity, followed by investigating the influence of the countermeasures taken in the industry to cope with the reduction of employee’s real income caused by treating employee stock bonuses as expenses on shareholders’ equity, employees’ real income, and even the industry for a long run. The following findings of the study hope to serve as a reference for competent authorities, investors, enterprises and employees: 1. Given that the dilution status of shareholders’ equity from 2004 to 2006 had not improved, the distribution of employee stock bonuses in 2006 was still severely diluting shareholders’ equity. 2. The current accounting process of combing employee stock bonuses in retained earnings cannot truly reflect a company’s earnings, which is not only against the spirit of corporate governance, but has also deviated from international accounting standards. 3. Under simplified hypothetical assumptions, the employee stock bonus distribution has generated the following influences on shareholders’ equity: (1). Under circumstance where the stock price is high, employee stock bonuses are calculated according to the face value, and earnings are all recapitalized as increased capital, the status of price recovery subsequent to the ex-right date will not dilute the final equity ratio. (2.) Under circumstance where the stock price is low, employee stock bonuses are calculated according to the face value, and earnings are all recapitalized as increased capital, the status of price recovery subsequent to the ex-right date will not dilute the final equity ratio. (3). Under circumstance where employee stock bonuses are calculated according to the face value, and earnings are not all recapitalized as increased capital, final equity dilution ratio will be substantially reduced no matter how high or low of the stock price, or if the stock price can be recovered subsequent to the ex-right date. (4). Under circumstance where the stock price is high, employee bonuses are calculated according to the face value, earnings are partially recapitalized as increased capital, and the stock price is recovered subsequent to the ex-right date, final equity dilution ratio will be substantially reduced. (5). Under circumstance where the stock price is low, employee bonuses are calculated according to the face value, earnings are all recapitalized as increased capital, and the stock price is recovered subsequent to the ex-right date, final equity dilution ratio will be higher than that with high stock price. 4. Before 2008, the existing employee stock bonuses are processed as retained earnings distribution in accounting, a majority of companies choose employee stock ownership as an incentive to motivate their employees. 5. After employee stock bonuses are being treated as expenses, the dilution degree of shareholders’ equity is locked at a fixed ratio. As a result, the veracity of company earnings is higher, so different companies may compare with each other on a same basis, financial transparency can be strengthened, and in the end, these companies operating performance can link up with the world. 6. With employee stock bonuses being treated as expenses, the countermeasures taken by enterprises to motivate their employees show versatility. 7. By treating employee stock bonuses as expenses, employee’s real income will be considerably affected, the dilution degree of shareholders’ equity will be locked at a fixed rate, company’s available resources for motivating its employees will be reduced, and the whole industry will fall prey to the cycle that good companies get better while bad companies get worse.

公司的順利有效運作仰賴企業整體共同努力，透過發放以公司績效為計算基礎的酬勞及紅利，期望能增加董監與員工的工作動機，進而達到提升公司績效之目的。然而，我國於費用化制度實施前，董監酬勞與員工紅利之會計處理係作為盈餘分配項，而非列為薪資費用，此作法受到外資及投資法人的批評，認為台灣企業的財務報表無法允當表達其實質經營狀況。為消除相關人士的抨擊，並與國際會計準則接軌，我國陸續修訂法律、頒布公報及解釋函令，規定自2008年1月1日起，員工分紅及董監酬勞費用化制度正式開始實施。 本研究欲探討在費用化制度實施後，公司的酬勞及紅利制度將產生什麼變化，且該項制度的變動是否會改變對董監及員工的激勵誘因，進而影響公司績效。本研究實證結果顯示，員工分紅費用化制度實施後，公司發放的董監酬勞佔稅後淨利比例無顯著變化。在員工紅利部分，現金紅利比重提高，股票紅利比重則降低。無論於費用化制度實施前或後，給予員工現金或股票紅利，皆有助於公司提升經營績效；惟費用化後，現金紅利之激勵效果變差，股票紅利則變好。此外，若同時比較員工現金與股票紅利兩者，可發現無論是費用化實施前或實施後，現金紅利對於提升公司經營績效之效果皆較佳。 / The success of corporate operations relies on the efforts of all people in the firm. By distributing compensation and bonus which are based on corporate performance, it not only can enhance directors’ and employees’ work motivation, but also achieve the purpose of better corporate performance. The accounting treatment for director compensation or employee bonus used to be recognized as a part of corporate earnings distribution, not as an expense. This method was, however, criticized for its failure to present the true operating results of a company. In order to solve this problem and in accordance with the IFRS treatment, the government amended the related laws and required that both director compensation and employee bonus be recognized as salary expense after January 1, 2008. The purpose of this study is to investigate the changes in director compensation and employee bonus after the above new regulation took effect. This study also examines whether this change alters the incentives to directors and employees. The empirical results show that after the new accounting treatment, no significant changes in the percentage of director compensation to net income. When it comes to employee bonus, the percentage of cash bonus increased, but the stock bonus declined. In addition, employee cash and stock bonus, no matter being treated as an expense or not, did help the firms to enhance performance. However, cash bonus’ motivation effect became lesser, whereas stock bonus’ effect increased. Furthermore, cash bonus was more effective than stock bonus in improving corporate performance before and after the expense treatment for employee bonus.

The Master’s Thesis prospects the suitability of installing a photovoltaic system and a cogeneration unit in the LIPOELASTIC manufacturing facility and proposes their actual realization. Theoretical part describes said facility, its current energy supply situation and presents the proposed realizations' principle of operation. Practical part contains concrete calculations needed for realizations' proposal and their economic evaluation both independently and jointly.

The thesis is focused on cogeneration units on vegetable oil. The first chapter contains basic information about the production, supply and consumption of electric energy in the Czech Republic and about renewable energy sources. The following chapter is devoted to possibilities of use oil kinds of phytomass in the Czech Republic, or products made from them. Next chapter is mentioned on legislation allowing the use of used cooking oils for energy purposes. It contains a summary of the laws and regulations and options regarding subsidies for electric and heat power. The main objective of these chapters is to explain the issue of the establishment and operation of cogeneration units on vegetable oil. The following chapters are devoted to the design and study of simultaneously operated cogeneration unit on the vegetable oil with a combustion engine and the calculation of economic operation running. The reason of study is to evaluation, which on based of the input values and calculation methods determine the economic efficiency of the project cogeneration unit on vegetable oil under mode purchase price and mode green bonus. Appreciation is also given to the overall legal review and responsibilities of cogeneration units on vegetable oil.

This thesis comprises three empirical studies that investigate the effects of director networks and corporate governance mechanisms on firm performance and CEO compensation. The first empirical study (chapter three) describes the extent of board networks among non-financial FTSE 350 firms listed on the London Stock Exchange during 2007-2010. We use the concept of the “centrality” from social network analysis to examine whether board networks are related to firm performance. We find that firms whose directors are more central in a network are associated with better financial performance. Consistent with the “Reputation Hypothesis” (Fama and Jensen, 1983), the number of director connections may proxy for director reputation. Directors are motivated to improve their reputation since they can use their directorships to signal to the market that they are good at decision-making, and at providing advice and monitoring management. The second empirical study (chapter four) investigates the effects of director networks on CEO compensation among non-financial FTSE 350 firms listed on the London Stock Exchange between 2007 and 2010, while controlling for CEO characteristics, corporate governance characteristics and firm characteristics. We first examine the impact of CEO networks (individual level) and second board networks (firm level) comprising all board members. We examine not only the total remuneration of the CEO but also two important components of the remuneration package, i.e. basic salary, and long term incentive plans (LTIPs). At the individual level, we find that a well-connected CEO measured by “centrality” receives higher total compensation. Although we find a positive relationship between basic salary and CEO networks, we do not find evidence of a relationship between LTIP compensation and CEO networks. The relationship between board networks and CEO compensation is also examined at the firm level. The results show that board networks have a positive and significant effect on total compensation and LTIP compensation but not on basic salary compensation. The third empirical study (chapter five) examines the effects of directors’ business networks, directors’ social networks and corporate governance mechanisms on firm performance. Previous studies have considered only business networks (directorships), while this study explores both business networks and social networks, such as current and past employment, education background, and other types of social activities (membership of golf clubs, membership of charity organizations, universities alumni, etc). We find that well-connected directors seem to use their networks to improve firm performance and in line with the interest of their shareholders. We further split the effects of board networks into business and social networks. We find that social networks play a more important role than business networks in improving firm performance, consistent with social capital theory (Coleman, 1990) which argues that networks of social connections can provide firms with valuable resources and information. Overall, this thesis provides empirical evidence that director networks and corporate governance mechanisms play an important role in affecting CEO remuneration and firm financial performance. The findings of this thesis suggest that regulators, firms and individuals should not only pay attention to business networks but also to social networks.

Thesis (MA (Ancient Studies)--University of Stellenbosch, 2008. / The term vir bonus as a comprehensive concept is nowhere precisely defined, yet the Romans clearly understood its meaning. To give substance to it, the role that the good Roman or vir bonus was expected to play in the Roman Republic, was examined. By his extensive descriptions of the evils of the Empire, Tacitus confirms this concept by emphasizing the absence of these exemplary qualities. The development of Rome from city state to Monarchy to Republic is steeped in legend. The foundation of the Roman constitution was believed to have been laid during that period, and adjusted to prevent the recurrence of a monarchy. This system of government was closely structured and demanded a high moral standard from its participants. While Roman territory was limited, this constitution functioned well. However, when after the Punic Wars Rome became master of almost the whole area surrounding the Mediterranean Sea, it was impracticable. A long and often bloody strife followed between the advocates of change and those who would not accept it. Augustus won out and established an Empire, calling it by the euphemistic term of Principate. His successors automatically acceded to their powers as emperor. During the Empire the political structures of the Republic were disempowered and the moral fibre of the ruling classes perverted. It is this process that Tacitus examines critically. He does so by describing how different people reacted under different circumstances. Some behaviour he roundly condemns, but often he makes us realise that the participants did not have much leeway, and that this consequently affected their behaviour .

Författare: Emil Herder, Filip Nilsson och Mats Seglarvik Handledare: Anders Hytter Examinator: Bertil Hultén Kurs: Examensarbete 30hp, Civilekonomprogrammet inriktning marknadsföring, Linnéuniversitetet Kalmar, VT 2016, 4FE63E. Rapportens namn: Kredit-kort och gott Frågeställning: Hur värderar svenska konsumenter olika kreditkortsattribut? Syfte: Det primära syftet med vår studie är att undersöka hur svenska konsumenter värderar kreditkortsattribut på den svenska marknaden och att undersöka eventuella samband som existerar mellan deras värderingar och olika valda variabler. Som delsyfte ämnar vi att utifrån vår undersökning komma med relevanta rekommendationer som kan hjälpa Resurs Bank att skapa attraktiva kreditkortserbjudanden för konsumenter på den svenska marknaden. Metod: Uppsatsen har till en början en induktiv ansats som sedan övergår till en mer deduktiv ansats. Datainsamling har i huvudsak skett genom enkätundersökning, men även genom intervjuer. Resultat &amp; slutsatser: Vi har rangordnat hur svenska konsumenter har värderat olika kreditkortsattribut och funnit att det existerar samband mellan hur olika individer värderat olika kreditkortsattribut baserat på andra värderingar och grupptillhörighet. Teoretiskt och praktiskt bidrag: Teoretiskt har vi bidragit med en grund för hur svenska konsumenter värderar olika kreditkortsattribut samt en undersökningsmodell som kan användas som underlag för vidare forskning. Våra praktiska bidrag är att informationen kan användas som beslutsunderlag när ett kreditkortserbjudande som inriktar sig mot kundens upplevda värde ska läggas fram. Nyckelord: Kreditkortsattribut, kreditkort, bonussystem, välgörenhet, konsumentbeteende, konsumentvärde / Author: Emil Herder, Filip Nilsson and Mats Seglarvik Mentor: Anders Hytter Examiner: Bertil Hultén Course: Master Thesis 30 credits, Master of Business and Economics, Marketing, Linnaeus University, Kalmar, Spring 2016 4FE63E. Name of report: Kredit-kort och gott Research question: How do swedish consumers value different credit card attributes? Purpose: The primary purpose of our study is to reserach how swedish consumers value credit card attributes on the swedish market and research possible correlations that exists between their values and different chosen vairables. The subpurpose of the study is to come up with relevant recommendations which may help Resurs Bank to create attractive credit card offerings for the swedish credit card market. Method: The study starts off with and inductive approach that later turns into a more deductive approach. The data was collected from a survey and interviews. Results and conclusion: We’ve ranked how swedish consumers value different credit card attributes based on other values and group membership. Theoretical and practical contribution: Theoretically we’ve contributed with a foundation on how swedish consumers value different credit card attributes and a researchmodel that can be used as a basis for further research. Our practical contribution is that the information from our study can be used to support decisions when it comes to creating a credit card offering that targets the customers percieved value. Keywords: Credit card attributes, credit card, bonus system, charity, consumer behaviour, consumer value.

Submitted by Elba Lopes (elba.lopes@fecap.br) on 2016-02-04T15:59:55Z No. of bitstreams: 2 Itamar_Zonaro.pdf: 636008 bytes, checksum: 12723dbf5ded5fc632968b08afbd45c9 (MD5) license_rdf: 23148 bytes, checksum: 9da0b6dfac957114c6a7714714b86306 (MD5) / Made available in DSpace on 2016-02-04T15:59:55Z (GMT). No. of bitstreams: 2 Itamar_Zonaro.pdf: 636008 bytes, checksum: 12723dbf5ded5fc632968b08afbd45c9 (MD5) license_rdf: 23148 bytes, checksum: 9da0b6dfac957114c6a7714714b86306 (MD5) Previous issue date: 2005-08-22 / This work has been developed from a field research, and covers a method used by motor vehicle dealers to account for bonuses received from manufacturers. We tried to recognize a correct way to account and record bonuses received from motor vehicle dealers, considering the essence of this operation. Through a bibliographical research, the accounting theory is analyzed, major accounting principles, the nature of income, assets and their evaluation are reviewed and known, as well as other concepts related to the accounting record of commercial operations performed between manufacturers and their dealers. The aspects related to tax law pertaining to the motor vehicle??s segment are also subject to a bibliographical research, allowing us to understand motor vehicle taxation, and its consequences for the practice of bonus granting. The field research was performed with seventeen dealers, and their accounting treatment for the bonus was checked. Also data were collected to demonstrate the relevance of this subject for the segment of motor vehicles. In the core of the bonus granting operation performed by manufacturers is the reduction of vehicle costs, allowing dealers to reduce vehicle??s selling price for final consumer. Bonuses received by motor vehicle dealers should be recognized as reducers of vehicle acquisition cost, since this is in the core of the operation performed by manufacturers and their dealers. / Este trabalho, a partir do desenvolvimento de uma pesquisa de campo, trata da forma de contabiliza????o, por parte das concession??rias de autom??veis, dos b??nus recebidos das montadoras. Procura-se reconhecer a forma correta de registrar-se contabilmente os b??nus recebidos pelas concession??rias de autom??veis, considerando-se a ess??ncia da opera????o praticada. Por meio de pesquisa bibliogr??fica, analisa-se a teoria cont??bil, visando analisar e conhecer os princ??pios cont??beis, a natureza da receita, do ativo e de sua avalia????o, bem como os demais conceitos relacionados com o registro cont??bil das opera????es comerciais praticadas entre as montadoras e suas concession??rias. Os aspectos relacionados ?? legisla????o tribut??ria atinente ao segmento automobil??stico tamb??m s??o objeto de pesquisa bibliogr??fica que possibilita o entendimento da tributa????o dos autom??veis e seus reflexos na pr??tica de concess??o de b??nus. A pesquisa de campo foi realizada em dezessete concession??rias e objetivou verificar o tratamento cont??bil que estas d??o aos b??nus, bem como a obten????o de dados que pudessem demonstrar a relev??ncia do tema para o segmento automobil??stico. A ess??ncia da opera????o de concess??o de b??nus por parte das montadoras ?? a redu????o do custo do ve??culo, para que a concession??ria possa reduzir o pre??o de venda do ve??culo ao consumidor final. Os b??nus recebidos pelas concession??rias de autom??veis devem ser reconhecidos como redutores do custo de aquisi????o dos ve??culos, uma vez que esta ?? a ess??ncia da opera????o praticada entre as montadoras e suas concession??rias.

Com o objetivo de responder como as representações de professores e de estudantes influenciam na inserção de uma política de ação afirmativa, esta investigação levantou e discutiu os conflitos e enfrentamentos que ocorreram durante o processo de implantação de um Programa de Bônus numa universidade pública; em especial, a origem desses conflitos e dos saberes utilizados no seu enfrentamento, assim como o impacto dessa política sobre os professores e estudantes. Discutiu, ainda, como a universidade tem se transformado para receber os estudantes ingressantes por meio dessa política, com o objetivo de identificar a presença de racismo, preconceito e discriminação no interior da universidade e de ações que procuram superá-los, de modo a preparar futuros professores para lidar com as diferenças e acolher o diverso em qualquer situação. Utilizou-se, como referências principais, Bourdieu: que permite analisar as estratégias utilizadas por professores e estudantes na convivência diária, em função de seus habitus; e Tardif: que possibilita compreender como a prática cotidiana e os saberes experienciais que sustentam o ensino e são, a um só tempo, existenciais, sociais e pragmáticos se sintetizam na prática profissional do professor, refletindo as relações sociais que se deram ao longo de sua vida, como também o capital social e cultural que carrega como bagagem. Partiu de uma pesquisa bibliográfica relacionada à ação afirmativa e ao sistema de cotas e continuou com uma investigação de campo em uma universidade de Minas Gerais que implantou um Programa de Bônus, analisando tal processo de implantação a partir da representação de professores e estudantes. A pesquisa, de cunho qualitativo, envolveu coleta de uma variedade de materiais empíricos e o uso de práticas interpretativas para melhor compreensão do objeto, supondo tais práticas como uma interpretação do mundo, que a transforma em uma série de representações e discute a obra construída a partir de tais representações. Teve como recorte o curso de Pedagogia, pelo entendimento de que a discussão sobre preconceito, tolerância e discriminação no convívio com o diferente deve começar na formação de futuros professores. Conclui-se que professores e estudantes pesquisados são favoráveis ao bônus, mas não percebem um grande impacto que tenha significado uma mudança substancial; ainda veem a universidade como essencialmente branca, com uma pequena presença de diversidade. Já em relação ao acolhimento dos novos estudantes, não foi possível perceber ações específicas e tal ausência parecem infligir dificuldades e sofrimento a eles. Os professores que formam futuros professores tendem a não se imiscuir na temática, discutindo e refletindo pouco entre si. Foi possível identificar práticas discriminatórias, de cunho racista e preconceituosas, como também um grande silêncio em torno da temática. Quanto aos saberes, parecem não estar plenamente concebidos, sendo possível perceber que, nesse ambiente acadêmico, sobressaem mais dúvidas que respostas. Docentes e estudantes, entre acertos e erros, parecem buscar caminhos de como acolher o diverso, de como formar professores para a tolerância. / In order to respond to how the representations of teachers and students influence the implementation of an affirmative action policy, this research has raised and discussed the conflicts and confrontations that occurred during the process of implementing a bonus program at a public university, in especially the origin of these conflicts and of knowledges used in the confrontation, as well the impact of the policy on these teachers and students. Discussed, yet, how the university has been transforming to receive the incoming students through this policy, seeking to identify the presence of racism, prejudice and discrimination within the university and of actions that seek to overcome them, in order to prepare future teachers to deal with differences and to embrace the diverse in any situation. It was used as primary references Bourdieu, that allow the analysis of the strategies used by teachers and students in daily living, according to their habitus, and Tardif, that provides insight into how the daily practice and experiential knowledge, that support education and are at once existential, social and pragmatic, are synthesized by the teachers\' professional practice, reflecting the social relations that occurred throughout his life, as well as social and cultural capital that he carries as baggage. It started from a literature research related to affirmative action and quota system and continued with a field investigation in a university of Minas Gerais which implemented a bonus program, analyzing this process of implementation from the representation of teachers and students. The research, of qualitative character, involved collecting a variety of empirical materials and the use of interpretive practices for a better understanding of the object, assuming such practices as an interpretation of the world, that transform that interpretation into a series of representations and discuss the constructed work from such representations. It had as profile the course of Pedagogy for the understanding that the discussion about prejudice, tolerance, discrimination in the familiarity with the different must begin in the formation of future teachers. It is concluded that teachers and students surveyed are in favor of bonuses, but do not realize a great impact meaning a substantial change; they still see the university as essentially white, with a small presence of diversity. It was not possible to see specific actions in the reception of new students and this absence appear to inflict hardship and suffering to them. Teachers who train future teachers tend to not get involved in the issue, discussing and reflecting little among themselves. It was possible to identify discriminatory practices, racists and prejudiced, but also a great silence about the matter. As for the knowledges, they seem not to be fully designed, and you can see that in this academic environment excels more questions than answers. Teachers and students, between success and failure seem to be seeking ways of how to accommodate the diverse, of how to educate teachers to tolerance