...Abstract Student’s grades 9-12 will study the monetary exchange rates throughout various countries. The conversion applications used will be online exchange rate, and local business newspapers. In addition to learning about the exchange rates students will learn the value of the U.S. dollars value compared to other countries. Students will have the opportunity to select 3 countries and compare the dollar value for specific tangible items selected by the students to get a full understanding of the country’s dollar value as compared to the U.S. Money: Bucks, Banks and Business The learners from grades nine through twelve will learn the value of money for goods and services. The lesson will vary for each grade level based on the products that will be chosen when comparing the dollar values. Learners will get a first hand look and understanding of the differences of money when compared to other countries. Allowing students to choose 3 items of their choice will bring about a more in depth interest on the topic. How Does Money Affect Purchase Power The learner from grade 9 through 12 will respond to the information differently based on knowledge around the topic and understanding of money and how the value changes based on the country. The students will use their cognitive skills based on prior knowledge, a full comprehension and critical thinking based on the subject. Based on Bloom’s Taxonomy one of the six levels is that of knowledge. Prior knowledge on the...
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...Tax season can be daunting for everyone, but small businesses and entrepreneurs need to pay particular attention to the benefits and deductions available to them in order to reduce their tax liability. There are many different types of business structures and strategies for how a successful business should be run, but one thing is certain -- across the board -- everyone is looking for ways to save money! Here are four tax strategies that can help any small business or entrepreneur save money: 1. Use your startup costs as a deduction. Starting a new business can be really exciting, but it can also be time consuming and expensive. Fortunately, the IRS provides a tax break by allowing you to deduct up to $5,000 of your initial startup costs in your first year of business. This deduction allows you to reduce your taxable income, both for income tax and self-employment tax, which includes Social Security, and Medicare tax. Typical startup costs include things like purchasing equipment, supplies, and operational fees, but the rest of your startup costs should be depreciated over 15 years. 2. Use the special depreciation rules to take larger deductions. When you purchase large items for your business -- items you expect to use for more than a year -- you generally cannot deduct the entire cost in that year. Instead you must depreciate the items and take a portion of the cost on your tax return each year. To get around this and deduct a larger amount in the year of purchase...
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...Module: Business Analysis and Assessment Week: 06 Discussion Question Name: Sahr Dauda Date: 18 July 2012 Question: How would you justify spending time and money on a business analysis of your company? Can such an exercise really pay off in ways that make it worth the effort? Analysis, as summed up from my readings, can be regarded as a clinical and structured decomposition of a subject into its constituent parts with the aim of acquiring salient information and deeper understanding of the said subject and to offer robust solutions for improvements. It is thus a process that is inherently iterative and involves, as proffered by Williamson et al., (2004), lots of research to gain deeper insight into the business which encompasses all aspects of the business and its environment. In short, it is a holistic process that unearths the secrets of the business and identifies areas needing attention. It thus seeks to find answers to questions like where is the business now, what does it do and how does it do it, where does it want to go and how can this be achieved (Williamson et al., 2004). Yes, it consumes time and money but insights so garnered from the analytical process leading to formation of strategies will give the business a favourable competitive position and superior profitability. To reduce time and money spent, analytical tools are used to aid in the process, besides bringing structure to it. Note here that only the right necessary tools are used, as a few too...
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...The Business of Making Money So you want to make more money, but you don’t know how? This might be the response of most business owners in America today. In taking this course I learned what’s been referred to as King rule, that is, total revenues-total cost= profit. That’s how we make decisions in the business world. It’s so simple and efficient. Because we wake up every morning for money, it’s important to know how to get money. It’s essential to understand the equation and that is why I see it only fitting to discuss King rule in this assignment. Whether you’re a merchant or in a service based business basic principles of accounting and economics hold true. Those principles make up the King rule equation. Business owners are constantly looking for growth to increase their profit. Growth in business is measured from the sales/services provided by company. Simply, sell more and you will make more money. This truth leads owners into thinking that they must increase sells to make more money. But that’s only part of the equation; there is the cost variable that needs to be accounted for. If the business cuts it’s cost, profits will increase as well. This is very simple math and an easily understood concept. The question I raise is, which is more important? I think many business owners want to increase their sales because they see bigger numbers that way. The bigger the numbers, the more money you make! So if you’re working to make money (all of us are), then increasing...
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...1 I'm Falling in Love with You by Walter de Jesus I sit here awake, i cannot sleep i think about this feeling in my heart that i keep i close my eyes and still i see a picture of tomorrow with u and me i don't know why i feel this way i try to come up with the words to say to express myself to show whats inside my thought of you i don't want to hide the magic i feel when I'm with you something that seems too good to be true I'm falling in love cant you see ? i wonder if you will ever fall in love with me only time can tell if this is real the happiness you and i feel but i care about you, I'm falling in love is this a gift, or a test from above ? 2 Feelings for You by Walter de Jesus I wish you knew Or had a clue About how I feel about you I just have so many feelings That I’m tired of dealing with I wish I had the guts to tell you What would you do ? Would things be different? I’ve already been through this before And I had my heart tore I don’t think I can go through that anymore Look I like you more than I should If only I could tell you my feelings Everything would be good . 3 My Love for Her by Walter de Jesus on Wednesday, November 10, 2010 at 12:05pm Love is a gamblE, and your heart is the dice. So before you roll, you'd better think twice. So here's my dilema, I love her, do I take the gambLe ? Should i go for it and just hope...
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...Thomas Money Service Inc. established in 1940 with the intent of providing small loans for household needs. The success of the company has led them to expand their services which include business loans, business acquisition financing, and commercial real estate loans. In 1946 Thomas merged with a company that specialized in equipment financing called Future Growth Inc. This merger, although was a risky move was a proven success for The company as they became a competitive company in forestry and construction industry with an advantage in the market. For over 67 years, the company has seen continual growth and financial success. Because of the current economic conditions this past year the company is experiencing significant losses in their stock values and as a result the company has to layoff some employees. Massive flooding, forest fires, animal activist protesters in addition to the economic crisis are all reasons why the company is experiencing a 30% loss in sales from the previous year. Based on the loss in sales and other rivals in the equipment manufacturing industry that can offer substitutions Thomas Money Service Inc. has requested an analysis of the situation to determine the way ahead on how he can turn the company around and re-establish his status in the industry. The intent of this proposal is to provide a recommendation on how the company can increase revenue, achieve ultimate production levels, determine how fixed and variable costs can be adjusted...
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...essential goal of your business, while subsidizing your business. To assistance you in deciding there are numerous resources and there are countless aspects to be deliberated in the development of the business. When attempting to start a business the smallest amount of my difficulties are going to be a low net worth and the limited management experience. When you are developing your business you need to keep in consideration the risk factors in opening a business at all times. Funding a Business Venture For my specific condition, I have made the decision, that the finest legal type of business as an originator would be a corporation. I must now make the decision as to what method would be the best for financing of my business. Borrowing money from the bank, selling the supply, or licensing my product; are all selection I that are essential to be taken into to deliberate and examine prior to reaching the finalized conclusion. For the subsidy of my business, the best legal form of business I have decided upon, marketing stocks would be the finest for the corporation. In corporation stock is a minor portion of proprietorship. The proprietorship is divided into small portions are identified as shares. To establish how much of the business each individually shareholder maintains, shares are purchased and retailed to any person that wants it. If a company is doing well with the stock market, the cost of the share would be raised. If the business was not doing well,...
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...Revised Business Proposal ECO/561 February 13, 2012 Revised Business Proposal Background Thomas Money Service Inc. began its operations in 1940 as a consumer finance company granting small loans for household needs. By 1945 TMS had expanded its services to include business loans, business acquisition financing, and commercial real estate loans. The following year, the company branched out into equipment financing through a subsidiary named Future Growth Inc. (FGI). The company’s decision was made at just the right time. The end of World War II brought about an increasing demand for construction and forestry equipment and paved the way for the company to purchase an equipment manufacturing company in 1951. The manufacturing company allowed FGI to build, sell, and finance their own brand of building and forestry equipment. At the same time, FGI made the decision to discontinue financing other brands of equipment. The company continuously increased profits year after year for 67 years. Even economic downturns did not slow them down and FGI continued operations without laying off a single worker. The value of the company’s stock grew to $85.60 from $5.00 and experienced six stock splits from 1975 to 1998. The present stock value is $35. A recent global downturn in the economy has affected the industry. Several forestry states including Oregon and Washington have encountered flooding, massive fires, and protests from animal activists. The effect of these disasters affected...
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...Sources of Finance Loan from Family/Friends: Borrow money from another family member or friend, where length of loan, interest rate on loan and any other terms of the loan must be negotiated between parties. Advantages of a loan from family/friends is lower interest rates and more flexible repayment terms. Disadvantages of a loan from family/friends is lack of clarity with amount borrowed (the interest rate and the required payment terms) and also borrowing from friends and family can fracture relationships on a personal level Suitability Good Long or Short term finance option as terms of loan are decided between parties Interest rates are decided by parties Could be suitable source for Douglas Pty Ltd if family or friends have suitable amount of money for business and terms can be decided without affecting relationship. Bank Overdraft: Loan made by a bank in which the customer can withdraw more money from his or her bank account than has been deposited in the account. Advantages of bank overdraft is that it is a quick and flexible source of finance. They are easy and quick to arrange, with little fuss and It allows you to make essential payments when you need to borrow money. Disadvantages of bank overdraft are the costs as overdrafts carry interest (often at much higher than loans), Recall, the bank can recall the entire overdraft at any time. Security for overdrafts may need to be secured against your business assets, which put them at risk if you cannot meet repayments...
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...for a selected business Caledonia is a small takeaway outlet shop that sells chicken burgers, chips and drinks. It is located in Harlesden, near the estates. This is so that they can get a lot of customers coming in and out of there shop. There are two ways that Caledonia can get financial resources: * From within the business (internal sources) * From outside the business (external sources) Internal sources Caledonia can get financial resources internally from the business owner’s saving or from the profit that Caledonia makes. Owner’s savings The sole trader of Caledonia will have to use his own savings to start the business. This is because sometimes a bank may not want to invest in the business, because they don’t want to take the risk. Capital from profits Source | Details | Benefits | Drawbacks | Banks | Banks are able to offer loans, business accounts, commercial mortgages and overdraft facilities based on the business plan. Interest is payable based on the predicted risk. Some security will need to be provided, for example, assets such as a house. | * Quick and simple to start up * Various amounts of money can be loaned * Controlled repayment term | * Interest is allocated to the loan * Business can go bankrupt or get a poor credit rating if payments aren’t on schedule | Building societies | Building societies are also able to offer loans, business accounts, commercial mortgages and overdraft facilities based on the business plan. Interest...
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...Advantages | Disadvantages | Bank LoanBorrowing money from the bank at an agreed interest rate and then repaid in a fixed period of time. | * There is a set amount of money that is repayable, is paid over a certain period of time. * Larger amounts of money can be borrowed by the company in this process. | * It is more likely to have a higher interest rate which can change monthly. * Banks are less likely to offer a loan to a start-up business, as there is no credit history for the business if they are applying for the first time, and they do not want to take a risk by offering a loan if they can’t pay it back. | Trade CreditWhen the business buys the items needed first and pays the value of the item back later on in the year, usually within 90 days. | * No interest has to be paid on the product if the payment of the item has been completed in the agreed timescale. | * Have to manage the cash flow more carefully during the number of days before the payment has to be made, so that there is enough money to pay off the debt. | Share issuesPutting a part of the business on the Stock Exchange which is purchased by members of the public, who then own a part of the business. | * Company is not charged any interest on the shares that are sold. * The investment made by the shareholders does not have to be repaid to them by the business. | * Shareholders will expect to receive a share of the profits made by the business through dividends. * The ownership of the...
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...EXPLORING BUSINESS ACTIVITY - P2 The Influence of Stakeholders Stakeholders can be anyone who has an interest in a business. There are a number of different types of stakeholders. In the following table below, I will be discussing each of the stakeholders and their influences. Stakeholder | Tesco | Cancer Research UK | Customers | Customers of Tesco are people who shop in the business, whether it is in stores or online. They are the ones putting money in the business which emphasises their status as key stakeholders. The customers want high quality products for reasonable prices and they like to see offers and deals which helps create better value for money. | The customers of Cancer Research UK are either those affected by Cancer or those who donate money to the charity. Those who donate expect their money to be put to good use. These are known as stakeholders because they contain a big proportion of the charity’s donations. This means they expect the charity to provide the best treatment and care possible for those suffering from the disease. | Employees | These are the people who work for Tesco. They are known as stakeholders because they rely on the business doing well in order to secure their employment. These employees often look to gain promotions by taking the best opportunities available. Also, these employees may feel privileged that they represent Tesco. | Many of the people working for Cancer Research UK are volunteers. They are offering their free time...
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...bank deals with all the deposits (money put into the account) and withdrawals (money taken out). Most banks know that businesses do not always receive money from sales straight away. If you run a sandwich bar in a local trading estate then you Sources of Finance Managing Financial Resources & Decisions might get money straight away when you sell your sandwiches. If you are a business selling electrical equipment to an electrical retailer then you may not get paid straight away when you deliver your goods. When differences occur in the money a business receives from sales (its revenue or turnover) and the money it has to pay out on labour, machinery, equipment, distribution and so on (its costs) the firm can face difficulties. The money flowing into a business from sales and the amount it spends on costs that go out of the business is called its cash flow. Cash inflows to a business Cash outflows from a business (Revenue from sales, loans, interest, sales of assets etc (Payment for raw materials, stock, labour, insurance, rent, rates etc.) A business might need to pay a bill on the 28th November for £1,500 but not have enough money in its account to pay the bill. It might know that it is due to receive £3,500 from a customer on the 10th December but in the meantime it has a cash flow problem. This is when it is appropriate to arrange an overdraft with a bank. An overdraft is an agreement with a bank to allow the business to spend money it does not have - it is a form of...
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...An Italian Clothing Company (Importer) An Italian clothing company imports goods into the United States. The way the business works can change in the U.S due to some factors. One of those factors is the bad economy. Since they are not making much money, the rise of taxes and interest rate will cause business to pay more money. When there is a surplus in the U.S. it brings a positive impact to the business and to the citizens. This means that they will have extra money to spend. This will create opportunity for people to go out and buy things to help create revenue to the businesses, because they have extra money to spend. When the U.S. is in a debt, it is because the government spend more money then what they have. This will create the citizens to have less money to spend, because there is an increase in price to compensate for the debt. This will ultimately make it harder for a business to make money due to rising prices. Importing goods it cost extra money to ship everything all over the world and if the U.S. market starts to drop then, the business will not make the money that it need. Gross Domestic Product (GDP) GDP stands for Gross Domestic Product. There are many factors that impact the GDP; out of all the factors the biggest one is unemployment. A different factor that impacts the GDP is people that are getting paid cash and not reporting it to the IRS. The overall GDP in the world will always vary because there is so many different things out there that go on without...
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...waited for the business to become steady before spending a whole £500 at the start of the year. Josh could also have connected both his sales and wages. He could have also took a percentage out every £500 he made, which could have gone towards his wages. Over the year, Josh did not make a profit. Josh should have changed the way he worked, to help him make a profit. This cash flow is really poor, as he was becoming more and more in debt. Josh should also pay his road tax in monthly sections next year. Josh should have also reconsidered the time he brought his van, and when he got it decorated. He should have let his business build up a bit more before buying something that big and spending that much money. His business is a bike business, so if he needed to travel to get deliveries, he could have biked there. Then when he earned a bit more money, he could have considered buying a van. Josh should have also gone to fewer competitions, as the money he spent on petrol to get there, and the money he actually spent there could have been used for something else, such as he could have put it towards the money he took out for wages, meaning he would have more money left in his account after taking out the £700. What will happen if Josh continues? If Josh carries on with this type of financial planning, he may become bankrupt, or be in high levels of debt. His business may also become in trouble, as he spent a lot of his money at the start of the year when his business had just been...
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