...Modern accounting systems achieve accounting needs while contributing improved accurateness in surveying trends, allowing collaboration and giving rapid access to records. Modern accounting systems interweave traditional processing of data and the advanced inputting methods. New systems help management increase their time and profits while spending less. According to the text accounting is “the information system that measures business activity, processes the data into reports, and communicates the results to decision makers” (kllkflksj). Companies use this information for lots of different reasons. For example, when deciding to take out a loan, move forward on a project, or purchase new equipment and many more scenarios. The ease and speed of modern accounting systems allows corporations and individuals to spend less time on the transactions and more time on major decisions and improvements. Modern accounting is not just for businesses. Individuals can input all of their financial information and make important decisions. People can set up spreadsheets to track checking and savings accounts. They can see where their money is actually going. Also, people can set up different spreadsheets to track financial information to even help them decide on what to do with their money. Such as, invest, save, or retire. Modern accounting also reduces costs. Traditional accounting methods use many resources, such as paper and pencil. There are programs out now so people do not have to...
Words: 265 - Pages: 2
...fans—— who is the best football player in the world now? The answer comes from two famous football players: Cristiano Ronaldo and Lionel Messi. In my opinion, Messi and Cristiano Ronaldo are all excellent football players. They all have masterly football technique and high support. Thousands of football fans from the whole world support them. But I pay more attention on their dissimilarity rather than who is the best one. I think they have much different from each other. It is very interesting to discuss their dissimilarity. First, their position in field is different. Cristiano Ronaldo is a wing forward. The job for a wing forward is creating more chances for the centre forward, shooting from long distance and cutting back for centre. On the other hand, Lionel Messi is a second striker. The job for a second striker is organizing the attack for the whole team, helping the centre forward to get goal and attracting the defend players. Second, their way to get a goal is different. Cristiano Ronaldo is a versatile player. He can use many means to get a goal, such as shooting from long distance, free kick and header. In comparison with Cristiano Ronaldo, Messi just have simplex way to get a goal. His way is shooting from close distance. Although it sounds very humdrum, but Messi’s shoot is very minatory. Third, their peculiarity of dribble is different. The speed of Cristiano Ronaldo’s action is very fast especially for Ronaldo’s legs. Cristiano Ronaldo is a dribble trickster. He always...
Words: 328 - Pages: 2
...Attitude/Mentality, Desire to Learn/Improve, Sportsmanship, Self-Confidence & Listening skills COMMENTS: From what I have seen, Kennedy has produced some solid soccer. She shows sound technical ability and a good understanding of the game. I would like to encourage Kennedy to push herself a little harder in practice as this will speed up her development. During the games I have seen I have been impressed with her attitude and competitiveness, this will help push her along in her soccer endeavors . 1) I would like to see Kennedy utilize her technical skills more often. Meaning, instead of striking the ball up field for distance, to connect a pass or dribble the forward into open space. 2) I believe if Kennedy can concentrate and be present at practice, she will develop into a fine player. I look forward to working with her throughout the rest of the year and future. Keep up the good...
Words: 260 - Pages: 2
...imagine a “X” on the floor and use that imaginary line to position yourself. It is important to keep your weight back, this allows a better serve and push into center court Moving to the ball Always remain balanced and positioned. Keep your knees comfortably spaced between your hips. Never sprint to any position, just “flow” there. Ready Position The ready position is with your knees slightly bent, your butt is low, and your ready to receive any shot Keep your racket above waste, due to a shot know as the reflex shot. Read your opponent’s Shot Watch your opponents shoulders. If the shoulders dip down, usually means low shot, if they tilt up, it will probably be a defensive shot. Watch your opponents hips. If they open up or face forward, they are usually going crosscourt. If hips stay closed, they are going down the line. Watch your opponents feet. If they step toward the side wall, they are probably going to hit it on the side wall. In time, you will be able to start being able to “sense” your opponent. Dictate Your Opponent’s Shots Play the center location of the court well. Set up in the area so you can cover all of court, but in a way limit your opponents variety of a shot by not being in the way but putting yourself somewhere they cannot...
Words: 441 - Pages: 2
...service is a luxury exclusive service and pricing it high will help imprint that style image into the consumers mind. Many people believe you get what you pay for. A market research team will verify this willingness to pay a high price and thus support the demand curve. In the interest of being practical, variable and fixed costs need to be carefully calculated. A products price must cover cost plus yield a fair profit. In these figures, distribution and promotion decisions must be weighed. DirecTV should anticipate that the demand curve for a technological savy luxury electronic item will be inelastic. Maximizing profit margin should be DirecTV’s goal and realizing that the higher price may drive some consumers out of the market. The high price will still signal high quality and again will feed into the luxury positioning. For new luxury products with a select target group of households with abundant disposable income a good practice to maximize profit margin with skim pricing. This is especially effective when demand is expected to be relatively inelastic. Our target market, technologically savy upper class with disposable income, does not tend to be price sensitive. The plan is to skim the cream off the top. As the product life cycle progresses, there will be likely be changes in the demand curve and cost. At this time, the pricing policy will be re-evaluated. Although skimming is the basic component of the pricing strategy, there are...
Words: 700 - Pages: 3
...Segmentation 05 SMART Marketing Objectives 06 Marketing Planning for the Brand 06 Conclusion 14 Introduction: Lovisa, an Australian fashion jewellery brand, wants to open stores in Dhaka and Chittagong with our company, which is going to be a local partner for Lovisa in Bangladesh. Company Overview: THE FIRST STOP SHOP FOR THE FASHION FORWARD TO GET THEIR ON-TREND ACCESSORIES FIX! Lovisa, an Australian fashion jewellery brand was established on April, 2010. After launching her first fashion jewellery and hair accessories retail store in April 2010, Lovisa can now be found in 6 countries throughout the world with over 180 stores. They have become a first stop shop for the fashion forward to get her on-trend accessories fix. Lovisa was created out of a need for current fashion jewellery at an accessible price point. Her trend spotting department in London took inspiration from high fashion couture runways and current street style. The keen-eyed design team at Lovisa Australia uses a wide range of materials and expert finishing techniques to deliver fashion forward designer jewellery and hair accessories. The Lovisa customer has refined taste and she understands the importance of the perfect accessory. She wants designer style at ready to wear prices. She's social, confident and stylish. Her style has no limits. This is why she chooses Lovisa. They are embarking upon the fastest specialty store expansion ever seen globally. Among the...
Words: 1333 - Pages: 6
...Identification of Pricing and Distribution Issues For the Company, Country, and Product or Service You Chose For Your Course Project Pricing is one of the most important part of any particular business irrespective of the sector they operates in. It is one of the most vital component that impacts the operations of a particular company one way or the other. It determines the perceptions of the customers regarding a particular set of products or services. It also enhance the value of the products and services to a greater extent altogether. This aspect affects the brand, image and market positioning within the marketplace. This aspect is also relevant for the operations of the companies like Toyota operating on the global business environment. It has been learnt that companies must need to ensure the deliverance of quality products and services to the customers. In this context, the approach of Toyota is more or similar to an extent. However, it has been leant that the company is dealing with problems of building a firm pricing strategy owing to the prevalence of a fluctuating trend within the automobile industry of that very market (Smith, 2011). Are There Any Issues That Will Positively Or Negatively Affect Your Pricing Strategy? Why and How? It has been depicted that there are certain prevailing issues in the automobile market of China that is hindering the operations of the companies in various sector one way or the other in a negative manner altogether. It has been...
Words: 594 - Pages: 3
...promotions. This issue that JCP is running into is price is not a way to create value, it is a strategy to capture value. A company strategy that is focused on price neglects the value creating elements of the marketing mix that really create long-term value and success of the overall strategy. Neglecting to conduct market research to assess customers’ current perception of JCP and their thoughts on the pricing change was the first critical mistake. In terms of performance, JCP knows they are positioned between price-oriented mass merchandisers, such as Wal-Mart and Target and higher end department stores like Macy’s and Nordstrom. However,...
Words: 1923 - Pages: 8
...Energy Options in a One Factor Model Clewlow and Strickland Valuing Energy Options in a One Factor Model Fitted to Forward Prices Les Clewlow and Chris Strickland This Version: 15th April 1999 School of Finance and Economics University of Technology, Sydney, Australia The Financial Options Research Centre Warwick Business School, The University of Warwick, UK Centre for Financial Mathematics Australian National University, Canberra, Australia Instituto de Estudios Superiores de Administración Caracas, Venezuela The authors would like to acknowledge the financial support and hospitality of the School of Finance and Economics, University of Technology, Sydney. All comments welcome. chris_strickland@compuserve.com les_clewlow@compuserve.com The authors would also like the acknowledge discussions with Nadima El-Hassan (UTS) and the research assistance of Christina Nikitopoulos. All errors remain our own. energy_single_factor 1 Valuing Energy Options in a One Factor Model Clewlow and Strickland Valuing Energy Options in a One Factor Model Fitted to Forward Prices Les Clewlow and Chris Strickland Abstract In this paper we develop a single-factor modeling framework which is consistent with market observable forward prices and volatilities. The model is a special case of the multi-factor model developed in Clewlow and Strickland [1999b] and leads to analytical pricing formula for standard options, caps, floors, collars and swaptions. We also show how American style and exotic energy...
Words: 8008 - Pages: 33
...------------------------------------------------- Uber Technologies ------------------------------------------------- What is Uber Technologies? Uber Technologies, Inc. was founded in 2009 by Travis Kalanik and Garrett Camp as a way to solve their own transportation problems in the traffic congested city of San Francisco where it is still based and headquartered. Uber Technologies offers an on demand car service application for smartphone users that links drivers with people needing a ride. According to Jim Makos of Pestle Analysis “It brilliantly connects the transportation industry with technology via its ride-sharing app.” With the click of a button on the application you can summons a vehicle of your choice see your rate, pay your fare online, see how far the vehicle is and know when it has arrived. Once they arrive you are provided courteous and outstanding service and a cashless transaction with tip included in the fare. Uber has empowered people to use their personal vehicles to provide for profit rides to earn income. This has been a great opportunity for people to earn extra income and for some it has become their only source of income. Uber is providing jobs in an economy where the unemployment rate is at a high 7 %, in turn this will benefit our economy by promoting an entrepreneurial and financial opportunity for Uber drivers. Uber originally started under the name UberCab but after a cease and desist order from the city of San Francisco ordering them to...
Words: 1518 - Pages: 7
...The American Institute for Foreign Study (AIFS) is an organization, which helps enable American students to travel abroad. The main service AIFS provides entails organizing educational and cultural exchange problems across the globe. As the case explains, AIFS has split their business into two major divisions that that serve American student’s studying abroad; the Study Abroad College division and the High School Travel division. The college division, which is controlled by Christopher Archer-Lock, sends American students all over the world on semester-long exchange programs. The high school division, which was founded as the American Council for International Studies (ACIS), is controlled by Becky Tabaczynski and sends high school students and their teachers on 1-4 week long trips. This nature of business involves a certain amount of bottom-line risk. AIFS focuses largely on American students studying abroad, therefore the majority of their revenue is in American Dollars (USD). However, AIFS costs’ are generally incurred in foreign currency (primarily Euros (EUR) and British Pounds (GBP)) because the services they arrange for happen abroad. Due to their business activities involving foreign currencies, an unfavorable change in the exchange rate could result in a higher cost base, and potentially a loss overall if the change is significant enough. Inherently, due to the nature of their business, AIFS is exposed to currency risk because they are dealing in multiple currencies...
Words: 1834 - Pages: 8
...motor oil industry, but Big Drive Auto, also, services parts for repairs and sales vehicles. Big Auto will have to forecast their prior records kept within the past ten years in order to remain successful as well as needing growth within the automotive industry if they are to stay ahead of the automotive industry. An evaluation, in spite of the fluctuations in the economy, of the revenue generated on service and auto sales and of the companies past sales of parts, this evaluation and/or information will assist Big Auto Drive’s management for the organization for future production plans. A future demonstration pricing strategy will be used from the data of previous years and in keeping the company moving forward, the management’s awareness of the economy in recent years will be considered in helping with product recommendations for Big Drive Auto. In moving forward, Big Drive Auto will need to assess in the upcoming years the mathematical equations and take into consideration operations, cost, economic analysis and productivity in order to create a strategy that is solid in dealing with the automotive industry in which will allow them to have processions for their future projections of the company. Big Drive Auto is compelled in creating a highly loyal repetitive customer base in which the direction and decisions are focused on. Big Drive Auto creates an image of having and keeping happy customers in which is part of their new marketing and advertising launch in which they...
Words: 1690 - Pages: 7
... In this course, students learn how businesses optimally create and capture value and how their abilities in doing so are impacted by various market forces and the strategic interaction among players in the industry. A good understanding of the 1 economic principles that govern the distribution of value in markets is critical to formation of a successful and sustainable business strategy. Learning Objectives: Understand and apply tools, concepts, and theories from microeconomics to perform industry and demand analyses. Apply demand and supply analyses in predicting market price and related dynamics in competitive markets. Understand the key tradeoffs between high margin and high volume of sales in pricing decisions, and choose different pricing strategies according to industry/market conditions or consumer characteristics. Predict competitors' actions and reactions using basic game theoretic methods. In the context of oligopoly market, analyze the direct...
Words: 1905 - Pages: 8
...Pricing Pricing is one of the most important elements of the marketing mix, as it is the only mix, which generates a turnover for the organization. The remaining 3p’s are the variable cost for the organization. It costs to produce and design a product , it costs to distribute a product and costs to promote it. Price must support these elements of the mix. Pricing is difficult and must reflect supply and demand relationship. Pricing a product too high or too low could mean a loss of sales for the organization. Pricing should take into account the following factors: 1. Fixed and variable costs. 2. Competition 3. Consumers To price this product we are going to use the cost based pricing method. The procedure of this method is that the product cost should be calculated first. To calculate the product cost we need to include the cost of operating the business, which includes raw materials, advertising, wages, rents, and other indirect cost incurred on the product. Once the product cost is calculated, then add the profit level to the product cost to get the selling price. We are using the market penetration pricing strategy to achieve high volumes of sales and deep market penetration of our new product. Calculation of selling price of our product Direct material cost Rs: 10.00 Direct labor cost Rs : 08.00 Variable production overhead Rs: 15.00 Fixed production overheads Rs : 10.00 Total cost ...
Words: 628 - Pages: 3
...Southwest Airlines Products, Pricing, & Channels Paper Southwest Airlines Product, Pricing, & Channels Pricing Strategy Southwest Airlines’ uses an everyday low price, pricing model. The airline has built a reputation of being the cheapest major airline in the space. The cultivation of this very reputation is the reason behind the use of this pricing model. Southwest Airlines’ management wants the first thought people have when booking a flight to be “Southwest is the cheapest.” However, this does not mean Southwest works to have the cheapest airfare every day. What does this mean? Occasionally a traveler will find lower airfare with another carrier but on average Southwest will beat the other major airlines. Compare this to Walmart, it is possible to find an item Walmart sells for a lower price somewhere else but not often and not without considerable effort. Most people believe it is easier and cheaper to just shop at Walmart instead of hunting around for that occasional deal elsewhere. Continuing the everyday low price model is an important tenet of Southwest Airlines. Management has used this pricing model for the entire forty-three years history of the company and will continue to do so into the future. This pricing model can only be sustained by the company keeping the cost of doing business down. Some of the methods Southwest has employed to keep their overhead costs low include long term fuel price hedging, a simpler bag check and ticketing process...
Words: 442 - Pages: 2
