...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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...The Theories on Making Money There has always been a debate over whether socialism or capitalism is the most prosperous economical system. Throughout the years there have been several theories which show favoritism to each system, and with each of these theories there are the opponents. As the debate raged on, the countries that were opposed to one system or the other now use some portion of each system. In 2013 even countries like China and North Vietnam, who are socialist states, are applying forms capitalism and countries like the United States have adopted socialist practices. While explaining the difference between capitalism and socialism we will find out that as the world mixes with each other personally they will also mix economically by convergence. While researching these two topics I found that there is one major factor that each economical system has in common. Governments have chosen to use these systems to rule the people of their countries. It doesn’t matter what each systems in tells, the common factor was that the governments that uses each system believes that it is the only system to use. The differences between capitalism and socialism are so great that entire countries would not use the others system due to past beliefs. Socialism is based on the beliefs that government owns the means of production, which reduces the need for competition between companies. It is intended to provide goods to all people at a reasonable price regardless...
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...walks up to KK whraping my leg around his wasit pulling myself towards him grinding my breast against his muscler abs up this chest kissing him tenderly over his tender muzzle lips smiles at him “ you need some attention to don’t you hun” slides my hand down to his wasit griping him forward slides down licking his whole body give a playfully biet over his waist line smiles up at him and flyes back to her pole walks over to Julice placing hands on her hips pulling her tight against her, one hand gently trailing up her side outlining her soft curves, moves her hair to the sides and leans in kissing her neck softly while whispering "thanks for the tip sexy" while her other hand slides around her waist and grips her ass tight hops off her pole floats across the stage around Lizzy, nibbleing her sweet tender ears tugs it playfully whraping my leg around her sweet tender wasit pulls her closer “mmmm.rawr...” trailing my nail around “mmmm...” slides my hands down to her breast line give her a playfuly sqeeze walking towards the sexy Malsavis strokeing his long scaley tail whraping it around my wasit and my leg rise around her wasit pulls him closer while my body press down against him pin to him down to the wall licking his sweet muzzle pulling his lower lip. slides my sweet wet tongue inside his hawt warm maw grinz at him kissing him tenderly with passion purrs with pleasure with my firmed soft hands whraping around her neck pressing my lips longer to his lips slowly release the...
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...Making money off complaints One software company holds weekly staff meetings to build morale and allow for status reports from each department. One part of their meetings is the report on how many customer problems they rectified the past week. If the number increased, the group was given praise. When asked why they praise increased problem calls, as opposed to working to fix those problems in the software or documentation, the owner said that they charge for each call, so it is a way to increase their income. In other words, instead of making the customer completely satisfied with the product, they preferred some dissatisfaction, so they could fix the problem and make extra money from it. This software package was a high-ticket, expensive application that was mainly sold to small companies. They also charged $50 for a user manual for the software. Since the customers made a substantial investment in the software, they wanted to continue using it. But I wonder how much ill-will was created, even if the application usually performed well. Complaints that fall on deaf ears Have you ever experienced poor service or purchased a defective product and complained about it, only to have your complaints fall on deaf ears? Many companies that have plenty of business feel they don’t need to bother with complainers. These businesses become very independent, especially if they have a product or service in demand. Some continue to succeed, even though they ignore customer complaints...
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...Working online is a real dream for most people. It doesn't have to just remain a dream though if you find the right ways to make money online. There are lots of genuine ways that you can use to achieve your goal of making a living from the internet. You just have to find the right one for you. Most of these methods that I am about to reveal don't require any particular skills, but some do require certain knowledge and skills. Genuine ways to make money online Become a freelancer A freelancer is basically someone who does one off jobs for people. This can be done via the internet. For example, say a website owner needs a logo created for their web site. They will look for a freelancer to do this work for them because they do not have either the skills or time to do it themselves. So they will hire their chosen...
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...Making money out of football Stefan Szymanski[1] Stephen Hall The Business School, Imperial College London April 2003 Abstract: In the US most economists have argued that professional sports teams are profit maximising businesses, but it is a widely held view in Europe that professional football clubs are not run on a profit maximising basis. This belief has important implications for the impact of policy measures such as income redistribution that are widely advocated. This paper looks at the performance of sixteen English football clubs that acquired a stock exchange listing in the mid 1990s. If the European story is true, we should have observed a shift toward profit maximising behaviour at these clubs. This paper finds no evidence of any shift in this direction. This result is consistent with the view that football clubs in England have been much more oriented toward profit objectives than is normally allowed. Keywords: economics of sport, objective functions JEL classification number: L21, L83 We thank to Dirk Nitzsche for assistance with data collection. We thank Peter Sloane and seminar participants at the CARR Outreach workshop on business history for helpful comments. “Those clubs which have floated to become public companies – Manchester United, Newcastle United, Aston Villa, Chelsea, Tottenham- now have as their principal objective the making of money for their shareholders.” -David Conn...
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...MAKING MONEY FOR THE DAY AFTER TOMORROW Microsoft Corporation is one of the biggest Corporation in our generation, it was owned and run by Mr. Bill Gates. For me as a business course student taking up Bachelor of Science in Accountancy, Making money for the day after tomorrow. Means like this: if the sales division of Microsoft in China makes money for today, and the product division makes money for tomorrow. But in the other hand the research division makes money for the day after tomorrow. The Microsoft Research Asia serves as a Microsoft’s reserve – the talent accumulated here will lead to wealth down the road. Microsoft Research Asia is leading the wealth and future of Microsoft Corporation due to its advance research and development in the world. With the help of the computer literate experts whose working hard to achieve its goal to the brighter and better future of our technology. Due to an effort to “stock” its reserves Microsoft Research Asia sends a representative each year to all leading colleges and universities that provides teaching in a degree that specialized in computer literate major such as computer sciences and information technology. For the vast demand of computer literate student across the world with the help of the said universities and college across China Microsoft Research Asia is now searching for a talented lucky students to participate in the said seminars that conducted by the Microsoft Research Asia representatives. In this reason...
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...mohit2410 , jan. 2011 | 44 Pages (10895 Words) | 686 Views| | | This is a Premium essay for upgraded members Upgrade to access full essay Guide to Make Money on the Internet in 2010 .Pdf (1) After 15 years, 5000+ hours, hundreds of books and resources, many thousands of dollars and countless mistakes, arrives the one and only guide book by Guna Deivendran, Founder of StartupBooster.com for making money online. Make Money Online With Startup Booster dot com Bringing Money Making Resources Together to Provide You with the Right Strategy and Tools to Make Money Online in 2010 and Beyond Guna Deivendran http://www.startupbooster.com May 2010 Make Money Online With Startup Booster dot Com Copyright No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanically, photocopying, recording, or otherwise, without written permission to d istribute of the author. Printing of this book is allowed for personal use only. Disclaimer W hile the author of this book have made reasonable efforts to ensure the accuracy and timelines of the information contained herein, the author assume no liabili ty with respect to loss or damage caused or alleged to be caused by reliance on any information contained herein and disclaim any and all warranties, expressed or implied, as to the accuracy or reliability of said information. Trademarks All trademarks displayed throughout this book are trademarks of...
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...Money is an obvious incentive to working. Ella Rodman Church’s “Money-Making for Ladies” lists numerous way that the ordinary housewife could make some extra money. Many of the ideas were things that most women already did for their families or could easily do. Church gives advice on how to decorate and make a house seem cozy so that women could offer their spare rooms to people that would pay to stay there. She also gives many ideas such as raising animals, gardening, and preparing foods. I believe that Church’s domestic advice books must have inspired many women to become breadwinners or at least recognize their abilities to support themselves and a family. While I would like to image that the women put their hard earned money to good use,...
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...Money Management There are times when individuals feel that all of their money goes to paying off debts. We have credit card payments, car payments, and mortgage payments. Having too many debts can sometimes be overwhelming. While some bills are unavoidable, such as mortgage payments, most bills can be avoided by utilizing better money management skills. Poor money management is the third leading cause of debt (Bucci, 2005). Developing a monthly spending plan is one of the most important steps a person can take when managing his or her money. A monthly spending plan can be useful to track what our expenses are on a monthly basis. In order to track our expenses, we need to write down everything that needs to be paid making sure that we do not forget anything. We then need to evaluate the importance of each expense to see if it is a necessary expense or one we can eliminate. One way to do this is to list those expenses in the order of their importance. One example would be the mortgage on your home. This should be the most important expense on your list. When making your list you need to make sure to write down how much money is needed for each of the expenses. Your monthly expenses should not exceed your monthly income. An example; if your mortgage payment is more than half of your monthly salary, you would not want the remaining expenses to equal more than the remaining 50% of your salary. People whose expenses are greater than their income can become extremely stressed...
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...HOMEWORK 1 CHAPTER 2, QUESTION I : HOW DOES THE EXISTENCE OF MONEY REDUCE THE COST OF MAKING TRANSACTION, RELATIVE TO A SOCIETY BASED ENTIRELY ON BARTER? ENGLISH IS BECOMING THE USUAL LANGUAGE FOR INTERNATIONAL TRANSACTION, EVEN IF THE LANGUAGE OF NEITHER COUNTRY IS ENGLISH. HOW DOES THIS REDUCE THE COST OF TRANSACTION? ANSWER: Money is often seen by economist as means of exchange and also a means of eliminating the inefficiency of barter by reducing transaction costs. According to MATSUI and SHIMIZU [2005].By reducing transaction costs (compared to barter), money is alleged to be central in the emergence of market exchange and the full flowering of markets- both for trade among communities, and for exchange within communities, simultaneously making it an aspect of relations between persons, and an object detached from persons. On the other hand, barter is defined as the exchange of goods or services without money changing hands. This means of transaction was widely used throughout the world for centuries since introduced in the pre-historic times. The later form of transaction as was noted incurred a lot of higher transaction costs than monetary transaction. From the above introduction, it is evident that the existence of money is a factor that does reduce the cost of transaction in the sense that, the two parties involved are familiar with each other and did not need to look for each other or advertise to make themselves known to each other...
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...they are equally important and their functionally has aided in making payments quick and easy in today’s fast paced society. The differences are huge, but they can impact people’s lives in different ways. While in today’s world 73% of people use less cash than ten years ago, this could become a bigger problem in the world. Many people wonder why using a card is safer than using cash? Most of them do not like carrying around a lot of cash due to the fear of losing it. Once it is lost, there is no way to replace it. Cash cannot be replaced; on the contrary, if one loses their credit card they are protected. If a credit card is lost or stolen one can easily put a hold on the account. If someone besides the owner uses it, the credit card company will investigate it and the most that is required is to pay a minimal amount, if that. Carrying cash is often not an option when making large purchases because of the possibility of losing it or the possibility of being robbed. Credit cards offer more security and it is much safer and easier to use a credit card. Very few businesses offer a reward while paying with cash. However when one pays with a credit card, the company normally offers the buyer a rewards program where they can earn something back on the purchases they make. Credit card companies offer a “Cash-Back Card” which allows the user to receive cash back at the end of the month when a certain amount of money is spent. A “Points Card” allows the user to accumulate points...
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...Question 1 | : | Before a person borrows money from a bank to make a major purchase, which question is considered most important for the person to answer? | Correct Answer | : | D: Do the benefits of making the purchase outweigh the costs of borrowing the money? | Reason | : | In making a major purchase that requires a person to borrow money, the individual needs to take into consideration the opportunity costs (what is the trade off in making this purchase) involved with borrowing money in addition to the actual cost of the item. For example, if someone has saved $2000 to buy a used car, is he or she better off buying the older car that may need some work or is the person better off taking out a loan for an additional $5000, paying the interest on the loan as well as the principal, and having a newer, hopefully more reliable car. Or, is the person just borrowing the money to purchase a car with more extras and glitz and would be just fine with the $2000 car. | Your Answer | : | C: Can I just pay for the item on a credit card and pay off the amount due each month? | | Question 2 | : | An example of closed-end credit is a | Correct Answer | : | C: mortgage. | Reason | : | Open-end credit is a revolving line of credit that is offered by banks and other lenders to consumers. There is a limit set on the line of credit and the funds are accessed using a credit or debit card or a check or cash advance. Consumers pay interest on the outstanding balance. There are closed-end...
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...Merriam-Webster, a budget is “a plan for the coordination of resources and expenditures” or “the amount of money that is available for, required for, or assigned to a particular purpose” (Merriam-Webster). A budget will help you realize your true income, assess your debt, see how your money is really being spent, and should help you save on some of your unnecessary spending. Budgeting is one of the most important factors when it comes to financial stability. A budget is a precise way to help you live within your means and get your finances under control. Making an individual or a family budget will assist you in your planning when it comes to saving for the education expenses of you or your children, maintaining an emergency fund, planning vacations, buying a home and numerous other unexpected events that life may throw your way. IMPORTANCE OF BUDGETING AND SAVING Creating a budget should be a very simple process. You need to figure out how much money you have coming in and how much money you are paying out. List all of your expenses for the week, month, or year. Don’t forget to include money for emergencies, savings, weekends, and maybe a few dollars for lunch or snacks everyday. You will then be able to figure out how much money you have left and may be able to save a little more than what you are already setting aside. If you have some trouble making your budget, try recording all of your...
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...each. |Principles of Internal Control |How it Works |Example | |Establishment of responsibility |Designating one person to a task. |If one person is in charge of a bank deposit, they are held | | | |responsible for putting the correct amount in the bank, the | | | |addition of the money, and if it is wrong (short/long), there is| | | |no question of who is responsible for the mistake. | |Segregation of duties |Divide the duties among employees and be consistent that they |Checking in merchandise, this person would know that they are | | |know the responsibility of this duty and only that person |held responsible to know what is coming in the door and that | | |performs this duty. ...
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