...Thomas Foods Thomas Foods has hired me as a consultant to provide them with hedging options to mitigate their risk in regards to unexpected increase in harvested crop prices. Thomas Foods purchases produce from local farmers and sells to grocery stores throughout the country. Any variance in crop price has an effect on the operating income of the business and therefore it is extremely important in order to continue to be profitable that the prices of crops are forecasted correctly. Hedging options will allow Thomas Foods to ensure they are able to purchase crops at a guaranteed price and quantity, hence protecting the cash flow and operating income of the business. I have come up with three hedging options that would be best suited for Thomas Foods, the pros and cons of each, and included information regarding the accounting for these options as well as the guidance given by FASB. Hedging options that Thomas Foods has to mitigate the risk of paying more for harvested crops include: -Future contracts which are contractual agreements, generally made on the trading floor of a futures exchange, to buy or sell a particular commodity or financial instrument at a pre-determined price in the future. So we can negotiate price now with our farmers on the prices that we will pay for the crops in the future and that price will be locked in. ("Futures Contract Definition | Investopedia," n.d.) -Forward contracts which are contracts that are customized contract between two parties...
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...Into the World Essay – DRAFT ESSAY QUESTION: Individuals venturing into new experience may encounter obstacles, but may also gain significant rewards. Do you agree with this perspective? Discuss this view with reference to your prescribed text and at least ONE other related text of your choosing. The concept of ‘Into the World’ invariably involves the transitions of individuals into new phases of life, worlds and experiences in order to attain growth, maturation and emotional development. During this transition individuals may encounter obstacles, but also gain personal rewards resulting in growth and maturity. The prescribed text, novel ‘The Story of Tom Brennan’ written by JC Burke and two related texts, film ‘The Black Balloon’ produced by Tristram Miall and ‘The Road Not Taken’ written by Robert Frost, clearly display these misadventures and the rewards achieved once overcoming them. In difficult times individuals have must leave behind their old life and the safety it once provided in order to fully accept and enjoy their new life. In the novel ‘The Story of Tom Brennan’, Tom’s family is forced to leave the comfort of their hometown Mumbilli and move to Coghill due the selfish actions of his brother Daniel. Symbolism throughout this novel highlights the suffering of Tom and his family. “My father closed the door…for the last time”, this symbolic act and the secrecy in the way the Brennan family leave Mumbilli reveals the families remorse about the situation, they...
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...year old son name Thomas. She is seeking help for herself and her son. Susan is suffering from depression and Thomas is acting out in school and being rebellious. Aside the fact the she is a single mother raising her son with minimum income and the father is not a part of their life. Thomas is starting to get into trouble at school and Susan is starting to feel overwhelmed and needs guidance how to handle Thomas and her emotional state. I have put together an outline to assist Susan, with getting her and Thomas back on track. 6:00- 6:15 a.m. Wake up with a different outlook, let’s start working on you first. 6:20- 6:35 a.m. Wake up Thomas, don’t fight with him. Inform Thomas that he has to go to school today and when he gets home were going to make a new start for ourselves. 6:40- 7:00 a.m. Grab some coffee and start to journal. Journal about all of the things that’s on your mind, son, your career, ex-husband and how all of this makes you feel. 7:05- 7:35 a.m. Leave what you wrote all of those feelings on the page and start you day, shower, apply make-up and off to work you go. 9:00- 9:15 a.m. Call my office to schedule an appointment for you and Thomas 5:00- 5:30 p.m. Take a deep breath and head home. 6:00- 6:30 p.m. Ask Thomas can you talk with him, don’t demand and discuss with him that you have made an appointment for the two of you to come see me and you hope he will go with you. At this point it is not to antagonize Thomas or make him feel...
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...Flowchart Paper Assignment Sodney Theodore University of Phoenix Operations Management Abstract This paper will underline a flowchart of Bimbo Bakeries USA production process and how the business operates on a day-to-day basis. There will also be a metric chart that will show the amount of time it takes for each process to be completed within the production process. A short description of Bimbo Bakeries will also be addressed in this paper as well. Bimbo Bakeries is an International manufacturing company who specializes in producing products such as, Thomas muffins, Entenmanns cakes, and etc. They’re also one of the largest bakeries in the world, and they have bakeries in over a hundred countries. Bimbo has also purchased companies such as, Sara Lee and Hostees, they are expanding very quickly in the U.S. and around the world. Process The process that I perform on a daily basis at work is mixing, which is the second step in the process of producing muffins. Currently, in order to load the ingredients into the mixer, is manually. This concept to me takes up more time to complete, and I think there’s a faster way to complete this step. The type of process for this chart will be a multistage because it has many steps to complete within the process of production. According to the text, “A multiple stage process has multiple groups of activities that are linked through flows( Chase,Jacobs,Aquilano 2006)”. Metric Measure Performance Efficiency ...
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...Sustainability Written by: Nadine S. Bartholomew, Consultant Written for: Food Marketing Institute (FMI) Disclaimer: This publication is for retailers who believe there is need for sustainable seafood products in their stores and want tools and resources to help them discern which products are in fact more sustainable. One note of caution: this publication DOES NOT recommend that buyers and category managers source more sustainable products. That decision should be based on the individual retailer’s sustainability priorities and procurement strategies. We have tried to offer balanced information, not favoring one approach to seafood sustainability over another. The inclusion of company or organization examples in this publication is intended strictly for learning purposes and does not constitute an endorsement of the individuals, organizations or companies. Further, when a company program or organization is highlighted, we are not promoting their products or services but rather providing an example of the process they use to increase or improve sustainability in the value chain. Published: March 2014 ACKNOWLEDGEMENTS Food Marketing Institute (FMI) conducts programs in public affairs, food safety, research, education and industry relations on behalf of its 1,500 member companies — food retailers and wholesalers — in the United States and around the world. FMI’s U.S. members operate approximately 26,000 retail food stores and 14,000 pharmacies. Their combined annual sales volume...
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...Thomas Edison was the best known inventor of his time and probably is still the most respected inventor. He has invented so many inventions that have impacted our lives deeply. Some of his inventions are the electric light bulb, phonograph, motion picture camera and many more. His inventions are the ones we use every day to live. He also improved other people’s inventions, like the telegraph. Our lives would change and be totally different without him and his inventions. I believe Thomas Edison has shaped the world and changed our living situation. He has shaped this new era and style of living for the better. We would not be in this technological era now days without Thomas Edison. Thomas Edison’s ideas and development has created inventions which has impacted the world deeply. We are surrounded by his inventions and many of them are every day essentials. The light bulb is one example because who doesn’t use a light bulb? We use a light bulb every second of our life. A light bulb...
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...Published in 1516, Sir Thomas More’s Utopia drew attention to many of the issues contemporary European society faced at that time. While Utopia is considered a socio-political satire, there is little humor to be found in the problems of their day. Thomas More drew attention to the unfair socio-economic system, the egocentric kings and distrust in technology. Sadly, five hundred years later, the modern world still faces these same issues. Turn CNN on any time of the day and you will hear a multitude of examples. Currently, the United States faces an unfair socio-economic system that gives privilege and opportunity to wealthy citizens, while repressing minorities and the poor. The issues wealthy citizens face are represented fully and addressed...
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...The beginning of our nation was brought about by great men. One of these men was Thomas Jefferson. He was an author of the Declaration of Independence and would become President of the United States. He believed that all men were created equal and therefore had certain natural rights. His ideals represented the American spirit and many people held him in the highest regards. He was a strong opponent of slavery, and believed it to be a threat to the new nation. By incorporating that all men were equal into the declaration, he showed that he believed they should all be free as well. However, he also felt that the institution of slavery should be dealt with democratically. Mr. Jefferson helped pass legislation he anticipated would bring emancipation. By doing this he gave citizens the opportunity to choose to end the practice. He did not want to force a law onto citizens who depended on slavery. Southern states rejected the notion of emancipation, because they required slave labor to tend their crops and maintain plantations. Jefferson worked in Virginia to reduce crops that relied on slaves to harvest and maintain. In doing so...
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...Expedition have an impact on westward expansion and how did Jefferson's message to Congress (1803) show his vision for the new republic? The reasons why the Louisiana Purchase and the Lewis Clark Expedition had an impact on the westward expansion, including the reasons why Thomas Jefferson arranged the journey, a summary of his vision for the new republic (Jefferson’s Secret Message) and the outcome of his vision as it relates to the Westward Expansion. “The portion of their country most important for us is exactly that which they do not inhabit. Their settlements are not on the Mississippi, but in the interior country. They have lately shown a desire to become agricultural; and this leads to the desire of buying implements and comforts. In the strengthening and gratifying of these wants, I see the only prospect of planting on the Mississippi itself, the means of its own safety. Duty has required me to submit these views to the judgment of the Legislature; but as their disclosure might embarrass and defeat their effect, they are committed to the special confidence of the two Houses.” (Jefferson, 1803) Taken from Thomas Jefferson’s Secret Message to Congress of 1803. This excerpt introduces the vision of Thomas...
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...Identification Porcini’s is a full-service Italian food restaurant that is looking to expand their business beyond their domestic market which is currently saturated. As a small private company, Porcini’s does not possess the capital or brand recognition compared to their big chain competitors who are capable of expanding their business abroad. The company is currently assessing the viability of a new concept, Porcini’s Pronto, which will need to meet the company’s 6% hurdle rate. Key Decision Criteria Porcini’s will face several challenges with this new venture and will need to analyse several factors before deciding to proceed. One of the most crucial choices will be the location of the Pronto restaurants since this will define the restaurant’s target customers. The decision to build Pronto in high traffic locations requires catering the service to meet the demands of the customers who are looking for convenience, but at the same time, quality food. This will pose a challenge as the two are hard to achieve together without incurring significant costs. Currently, Pronto does not face significant competition for full-service Italian restaurants serving in-a-hurry diners. However, the choice of locations for Pronto puts the restaurant in direct competition with fast-food chains. Pronto will need to convince customers that their value proposition of quality and service is greater than the unrivaled convenience of fast-food restaurants. The quality of service at Pronto is...
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...The question asks, who is Sally Hemings? The writer answers after reading a plethora of books and articles, historical and controversial, in the following discourse. Sally, “Sarah” Hemings was the slave and mistress to Thomas Jefferson, the third president of the United States of America. She was the mother of Thomas Jefferson’s six children he fathered with her. Sally Hemings was the young, teen-age girl taken by Thomas Jefferson to be one of the many women that he loved. Jon Kukla’s book, Mr. Jefferson’s Women, chapter 6, (page 115), uses notes from the Richmond Recorder , September 1, 1802, of which James Callender shares stories about Sally Hemings. The Recorder reveals that , “Of all the women in Thomas Jefferson’s life, Sally...
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...Colombian Food vs. American Food Food is more than what we eat. For many families and cultures, traditional meals are passed down from one generation to another. But families do not just teach a recipe; instead they have their own story of how a dish became such an important part of the family, culture, and country. For example, it is important to know who started cooking it, the secret of how to make it the way grandma did, or that special ingredient that makes the difference. Food is the best way to learn about a country or a region. For instance, Colombian food is very traditional and carries the legacy of many generations, from the first native people to the colonists and the influence they had in our cuisine. Compared to American food that because of the huge movement of immigrants and industrialization has an overabundance of tradition behind their meals....
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...The Works of Thomas Hobbes The moral and political philosophy of Thomas Hobbes is very different from those of the ancients, specifically Aristotle. As a thinker during the Scientific Revolution, his picture of morality is framed in science. And while science is usually thought of to have no opinion about questions of right and wrong, Hobbes would argue otherwise. He wanted to move moral and political philosophy into the realm of science, where answers can—and should— come from science and reason, and away from the monopoly over human values held by religious texts. Furthermore, he called for a powerful, civil authority to combat what he called “the state of nature (Leviathan).” It may seem normal to define morality and science as entirely separate from each other, that is, to say that science can help explain why we may value certain things, but it can never determine what we should value. However, Hobbes sees an overlap between facts and values and attempts to use empirical answers to help figure out philosophical problems. This idea of applying facts to issues of good and evil rests upon the notion that questions such as “What is truly worth living for?...Or even dying for?” “What is morality?” and “What is a ‘good’ life?” have answers. Hobbes would say that they do, and with good reason. Questions like “What food is healthy?” or “What exercises are best?” are much like moral questions because it is difficult to find an exact answer due to the many different, correct...
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...create the restaurant layout in a 3-D effect. Detailed information about the product flow will be given in the following chapter. In addition, the traffic flow of the restaurant would also be presented in the following chapter. Figure 1 Top view of Capulet with SketchUp 8 software Figure 2 Sideview of Capulet from SketchUp 8 software 8.0 Flow Patterns An important aspect of restaurant design is determining the flow of the establishment. As explained by Thomas, et al (2013) a major issue that must be addressed before deciding on the kitchen design is the way in which the food will be delivered to guests. Each service system has a subsystem, and they include every aspect of the movement of food from the kitchen to the table and back to the dishwashing area. Flow patterns can be divided to two categories, product flow, and traffic flow. Further explanation on each aspect will be explained in the following sections. 8.1 Product Flow Food product flow refers to the paths within a foodservice operation that food and menu items may follow, beginning with receiving and ending with service to customer (Gregoire, 2013). Figure (1) shows the product flow In the case of Capulet. Figure 3 Product flow of Capulet Figure 3 Product flow of Capulet Items that are received will first go through the receiving process. This process includes weighing/counting the items to ensure that it is the correct amount stated on the purchase order and invoice. Moreover, employees are...
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...For thousands of years after humans shifted from a hunter gatherer society to an agricultural society, manure was the main source of fertilizer. It was organic and readily available. Somewhere along the line, farmers learned that ground-up bones provided crop nutrients. Major powers at that time, like England, began importing bones from everywhere. Eventually these organic fertilizers would no longer suffice. In the early 1800’s Thomas Malthus,an economist and writer, said that the world’s population would grow faster than the food supply. Luckily, this was around the same time the Agricultural and Industrial Revolutions began. Agriculture science started being researched more. It wasn't until the 19th century that ground-breaking research,...
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