...and advertising all play a major role in spending costs. Startup costs can be quite expensive. Business owners seek financial assistance from the government, private foundation agencies and other external resources to aid with covering the costs. They develop a financial plan that displays, in great detail, the financial elements of the business so that they are aware of the funds that they need to begin their operations. The financial plan consists of pricing models, income statements, balance sheets, break-even analyses, and cash flow analyses that helps business owners determine if they are ready financially to open their business. The goal of this paper is to discuss the financial plan that Be All That You Can Be Learning & Recreational Center has developed that will contribute to the success of their company. The paper will include information discussing the company’s startup costs, pricing model, income statement, balance sheet, break-even analysis, and cash flow analysis. These financial documents represent the core of the company and will determine if the company can achieve longevity. Be All That You Can Be estimates its startup costs to be $58,600. The company plans to seek financial assistance from the government and loan companies to cover the costs. The facility that the company is interested in renting will require a deposit of $3,450 which includes public utilities...
Words: 1320 - Pages: 6
...emotional closeness with their friends as a source for comfort and security has sky rocketed. However, in the Warner Brother’s hit sitcom, “Friends,” the life of Ross Geller takes the idea too far—those familiar with the show will remember the endless scenes of all six friends lounging around, often either talking in the coffee house, or in Monica’s apartment. However, the viewer will also struggle to remember where each character does for a living, and remembering any scenes that depict them at their jobs because, with the possible exception of Rachel during her waitressing years, the characters are rarely shown to work. Ross is the most unrealistically portrayed of them all: as a palaeontologist who also is a professor at New York University, and being a father sharing custody with an ex-wife it is difficult to understand how he has the time to socialize as much as the show depicts him too. “Friends” provides an unrealistic portrayal of how active Ross Geller’s social life is in comparison to his work and family commitments during the late 20th and early 21st century. Friends shows that most adults will frequently be able to engage in sexual intercourse regularly and with many different partners in the span of a few years. While Ross is typically the quiet, bookish friend of the show, and is certainly less crazed for sex than Joey, over the course of ten seasons the viewer sees Ross’ three divorces and development of several sexual relationships with new women more often than what...
Words: 1241 - Pages: 5
...Independent Institute Working Paper Number 53 September 27, 2004 100 Swan Way, Oakland, CA 94621-1428 • 510-632-1366 • Fax: 510-568-6040 • Email: info@independent.org • http://www.independent.org Sweatshops and Third World Living Standards: Are the Jobs Worth the Sweat? Benjamin Powell and David Skarbek• Department of Economics San Jose State University San Jose, CA 95192-0114 benjamin.powell@sjsu.edu ABSTRACT Many studies have shown that multinational firms pay more than domestic firms in Third World countries. Economists critical of sweatshops have responded that multinational firms’ wage data do not address whether sweatshop jobs are above average because many of these jobs are with domestic subcontractors. In this paper we compare apparel industry wages and the wages of individual firms accused of being sweatshops to measures of the standard of living in Third World economies. We find that most sweatshop jobs provide an above average standard of living for their workers. Benjamin Powell is an Assistant Professor of Economics at San Jose State University and the Director of the Center for the Study of Entrepreneurial Innovation at the Independent Institute. David Skarbek is an economics major at San Jose State University and intern at the Independent Institute. The authors thank Jeffery Hummel, Charles Murray, Larry Pratt and Edward Stringham for helpful comments on earlier drafts. Financial support from the American Institute for Economic Research is gratefully acknowledged...
Words: 4322 - Pages: 18
...Journal of Case Research in Business and Economics Application of Six-Sigma in finance: a case study A. Ansari Seattle University Diane Lockwood Seattle University Emil Thies Zayed University Batoul Modarress Zayed University Jessie Nino Seattle University ABSTRACT In recent years, companies have begun using Six Sigma Methodology to reduce errors, excessive cycle times, inefficient processes, and cost overruns related to financial reporting systems. This paper presents a case study to illustrate the application of Six Sigma Methodology within a finance department. Specifically, the case relates to the Continuing Account Reconciliation Enhancement project undertaken by the finance department of a major U.S. defense contractor. The goal of the project was to streamline and standardize the establishment and maintenance of costing and planning for all business activities within the current financial management process. The Six Sigma implementation resulted in a significant reduction in the average cycle time and cost, per unit of activity, needed to produce the required financial reports. Key Words: Six Sigma, Process Management, Quality Management, Finance Application of Six-Sigma, Page 1 Journal of Case Research in Business and Economics INTRODUCTION In 1987, Motorola developed and organized the Six Sigma process improvement Methodology to achieve “world-class” performance, quality, and total customer satisfaction. Since that time, at least 25% of the Fortune 200, including...
Words: 4909 - Pages: 20
...WHITE PAPER MICROSOFT WINDOWS SERVER VS. RED HAT ENTERPRISE LINUX Costs of Acquisition and Support – A Comparison August 2005 PREPARED FOR Microsoft TABLE OF CONTENTS Main Findings.................................................... 1 Executive Summary ......................................... 2 Analysis ............................................................. 2 License and Subscription Considerations Support Considerations The Total Solution Viewpoint 2 3 6 Main Findings 1. Microsoft’s Windows Server 2003 enterprise license and support costs are competitive with Red Hat Enterprise Linux. 2. The two companies’ different approaches to enterprise licensing and support, and the fact that investments of this magnitude tend to involve longer-term commitments, means that the best pricing comparisons should be based on a period of ownership (three to six years), rather than on just initial acquisition charges. 3. Support is integral to both companies’ solutions and Microsoft’s separate support and license fee structures, in contrast with Red Hat's combined subscription and support offerings, can give a Microsoft solution a significant pricing advantage over a Red Hat solution. In Review ........................................................... 7 Major Findings Other Findings 7 7 Appendix –Modeling Assumptions................. 8 General Operating System Licensing and Subscription Pricing Support Server Hardware 8 8 9 9 10 Chart 1 compares the cumulative...
Words: 4833 - Pages: 20
...Solutions to Accompany Information Technology Project Management, Third Edition ISBN 0-619-159847 Course Technology MIS Series Companion Web Site: www.course.com/mis/schwalbe Kathy Schwalbe, Ph.D., PMP Table of Contents CHAPTER 1 1 CHAPTER 2 3 CHAPTER 3 7 CHAPTER 4 9 CHAPTER 5 13 CHAPTER 6 18 CHAPTER 7 22 CHAPTER 8 27 CHAPTER 9 31 CHAPTER 10 35 CHAPTER 11 38 CHAPTER 12 41 APPENDIX A 44 APPENDIX B 49 APPENDIX C 51 List of solution files available with the Instructor Resource material: CHAPTER 1 Introduction to Project Management Discussion Questions 1. Why is there a new or renewed interest in the field of project management? More and more projects are being done by a variety of organizations. The projects are more complex and often involve the use of new technologies. Organizations are struggling to find better ways to manage their projects. 2. What is a project? How is it different from what most people do in their day-to-day jobs? A project is “a temporary endeavor undertaken to create a unique product or service” (PMBOK( Guide, 2000, p. 4). Projects are different from day-to-day activities primarily because they have focused goals and definite beginning and ending dates. 3. What is project management? Briefly describe the project management framework. Project management is “the application of knowledge, skills, tools, and techniques to project activities in order to meet project requirements” (PMBOK( Guide, 2000, p. 6). The project...
Words: 31210 - Pages: 125
...academic year 2012 – 2013) MMS New Course Structure (Effective July 2012 onwards) MMS First Year: Semester I Subject/Paper Maximum Number of Marks Sessions of 90 Minutes Core Papers 1.1 Perspective Management 1.2 Financial Accounting 1.3 Managerial Economics 1.4 Operations Management 1.5 Organisational Behaviour 1.6 Business Mathematics 1.7 Information Technology & Management 1.8 Communication Skills 1.9 Marketing Management 1.10 to 1.13 Elective 1 Elective 2 Total Electives (Students need to opt for any two electives) 1.10 Selling & Negotiation Skills 1.11 High Performance Leadership 1.12 Indian Ethos in Management 1.13 Corporate Social Responsibility Projects 50 100 100 100 100 100 50 100 100 100 100 1000 18 30 30 30 30 30 18 30 30 30 30 306 Note 1: All subjects/papers for semester I will be internally assessed by the institute. Note 2: All new electives proposed to be introduced by the institute, apart from electives listed in the new syllabus; need to inform University in writing outlining the details of the course with learning objectives, learning outcomes, detail syllabus, teaching learning plan and course evaluation procedures within the pattern prescribed at least one semester in advance. Master of Management Studies First Year Semester I Sl No Code Subject/Paper No of Periods per week (90 Mins Each) 2 2 2 2 2 2 2 Duration of Theory Papers In Hours Examination Marks Continuous Assessment 20 40 40 40 40 40 20 Total Core Papers 1.1 1...
Words: 9960 - Pages: 40
...Case for chapter 5: Personality and Value The Situation The Allen Company had just recruited and hired six people for production supervisors from various universities in the Midwest. Ron and Bill were told to take three a piece for assignment into their departments. The men have seen these new employees for only thirty minutes during their company interview visits. Ron and Bill now have to give their recommendation to human resources from placement. Ron thinking it would nice to work directly with Bill on this issue called for a meeting. The meeting was set for Wednesday afternoon at 2:30 and the human resources department needed the final recommendations by Friday at noon. The new people were going to report to human resources on Monday. The Decision Makers Ron, a white male, grew up in an affluent neighborhood in the western Chicago suburbs. He attended private schools including the finest prep school in the area. After prep school, he was accepted at an Ivy League school. He was a member of a top fraternity on campus and was joking referred to as the big man on campus. He graduated near the top of his business school class. After college, he married an eastern socialite from a campus sorority. They have one infant child. This is his first job since graduating from college and he is viewed by the company as a fast tracker and a keeper. His job as production supervisor can be viewed as a temporary assignment on his way to the top. Bill, an African-American...
Words: 7092 - Pages: 29
...Freeways represent the best example of an unconstrained traffic flow system with high speed operations, limited access and egress opportunities and few factors to inhibit traffic flow. This road type can typically achieve the highest throughput of traffic per hour per lane across most metropolitan networks. As most regular limitations to free flow traffic conditions are removed from freeways, the achievable throughput is subject to regulatory constraints such as speeds and societal limitations such as headways between vehicles. Historical traffic volumes indicate that hourly throughputs per lane are generally increasing over time. This reflects a reduction in headways between vehicles as motorists’ acceptable and safe gaps between vehicles become smaller. As a direct consequence, the capacity of freeways has been observed to increase over time. The most recent edition of the US Highway Capacity Manual indicates a ceiling value significantly higher than that applied fifteen years prior. This paper has set out to identify the changing values of capacities over time as applied to freeway traffic conditions. The paper examines capacity in the context of observed volumes to date from both an Australian and International experience. This paper then examines the car following algorithm in the VISSIM microsimulation software to benchmark the similarity of the maximum freeway capacity against these observed volumes. This review of existing literature was initially undertaken when developing a...
Words: 6957 - Pages: 28
...INFORMAL LABOUR MARKETS AS A SOLUTION FOR UNEMPLOYMENT IN SOUTH AFRICA – A CASE STUDY OF CAR GUARDS IN BLOEMFONTEIN1. P F BLAAUW Department of Economics Rand Afrikaans University L J BOTHMA Independent Labour Economist ABSTRACT The car guard industry in South Africa evolved out of the plight of the unemployed. Very little research has been done on the industry in South Africa. The first objective of this paper is to address the lack of research and the second is to determine whether the car guard industry can provide a solution to the problem of unemployment. Car guards involved in this study were found to be generally low skilled, earning low income and working under harsh conditions for long hours. The majority of them held formal sector employment before becoming unemployed. Car guarding is not a solution to the plight of the unemployed. Training and skill development supplemented by accelerated economic growth are vital to bridge the gap between the formal and informal sectors. OPSOMMING Die motorwag-industrie in Suid Afrika het onstaan uit die lot van die massa werkloses in die land. Weinig navorsing is al oor die industrie gedoen. Die doelwit van die referaat is eerstens om die gebrek aan navorsing aan te vul en tweedens om te bepaal of die motorwagindustrie ‘n oplossing vir die probleem van werkloosheid kan bied. Motorwagte in die studie is oor die algemeen laag geskoold, swak besoldig en werksaam vir lang ure onder moeilike omstandighede. Die meeste het...
Words: 4514 - Pages: 19
...[pic] Managerial Accounting BA3201 |Puganeswary Thirumalai Naidu |307254805 |BABHM | |Tan Lian Ping |11001200428010 |BABHM | |Yasmin Lim Binti Mohd.Arifin |307147803 |BBA MKT | |Herry Abubakar Mshihiri |609687502 |BBA IB | Question1 | |Task 1 : Sales and Labour Budgets : University | | | | | | | | | |1 (a) | | | | | ...
Words: 1871 - Pages: 8
...The Creative Process/Solving a Problem PHL/458 January 5, 2012 This paper will cover the stages of the creative process, and a personal problem that had to be resolved. The techniques to use to build curiosity was used in the process of solving this problem and two resolutions have to be found that can help improve the problem at hand, following a conclusion. “There are four stages to the creative process, which are searching for challenges, expressing the particular problem or issue, investigating it and producing a range of ideas” (Ruggiero, 2009,). The first stage is searching for challenges and it refers to the small issues or problems that people sometimes often overlook. This stage is about forming a habit of constantly searching for challenges, as stated in the University of Phoenix e-book the Art of thinking a person can only be in a response to challenges that you perceive. Expressing the problem or issue is the second stage and the objective is to find the best expression or problem that one would yield the most helpful ideas. A different expression opens different avenues of thought, it is best to consider as many expressions as possible. The third stage is investigating the problem or issue and it focuses on obtaining information necessary to deal effectively with the problem or issue. Individuals search their past experience and observations for information on the current problem at hand. The four stages are producing ideas, and these stage objectives...
Words: 1362 - Pages: 6
...The Effects of Employment on Academic Performance of Australian Accounting Students Dr Anura De Zoysa School of Accounting and Finance University of Wollongong Wollongong, NSW 2500 Australia Tel: 61 2 42215382 Fax: 61 2 42214297 E-mail: anura@uow.edu.au And Dr Kathy Rudkin School of Accounting and Finance University of Wollongong Wollongong, NSW 2500 Australia Tel: 61 2 42213148 Fax: 61 2 42214297 E-mail: krudkin@uow.edu.au The Effects of Employment on Academic Performance of Australian Accounting Students ABSTRACT This study examines factors that impact students engaged in paid employment while studying in a tertiary accounting program in a regional Australian university. It examines the differences in experience of domestic and international students. No direct significant relationship was found between paid employment and academic performance for the overall study sample. There was a positive relationship found between paid employment and academic performance with respect to domestic students. However, in the case of international students a negative relationship between paid employment and academic performance was observed. A significant positive relationship between a shift work pattern of paid employment and academic performance was found. The Effects of Employment on Academic Performance of Australian Accounting Students 1. Introduction This study makes a contribution to the literature...
Words: 7271 - Pages: 30
...Telepresence vs. Videoconferencing Resolving the Cost/Benefit Conundrum Page 1 Copyright © 2006 Wainhouse Research, LLC Telepresence vs. Videoconferencing Resolving the Cost/Benefit Conundrum Data from multiple users of telepresence and videoconferencing systems leads us to believe that the actual cost per hour for these two types of systems may not be all that different. This paper describes our findings and how we came to these conclusions. January 28, 2008 Revision 9 Introduction More than a decade after the first telepresence solution was introduced to the public, telepresence hit the limelight towards the end of calendar year 2006. With high technology giants gaining the attention of C-level customers, many conferencing and collaboration managers are beginning to look at this new class of enterprise communications system more closely and to examine their assumptions and perceptions around the concept of telepresence. Differentiating Telepresence from Videoconferencing Many in the end user community are very familiar with videoconferencing, a solution set that has been around for over twenty years. Videoconferencing provides two-way, interactive audio and video communications between two or more end points. In the past decade, videoconferencing technology and products have advanced along multiple fronts – including the move to IP networks that provide higher bandwidth, lower costs, and vastly improved connection reliability; the evolution from low...
Words: 4389 - Pages: 18
...Forecast in Australia 25 6.3. Brick manufactuting 26 6.4. Water cycle 27 Line graph Tips for Line graph Line graphs always show changes over time. Here's some advice about how to describe them: * Try to write 4 paragraphs - introduction, summary of main points, 2 detail paragraphs. * For your summary paragraph, look at the "big picture" - what changes happened to all of the lines from the beginning to the end of the period shown (i.e. from the first year to the last). Is there a trend that all of the lines follow (e.g. an overall increase)? * You don't need to give numbers in your summary paragraph. Numbers are specific details. Just mention general things like 'overall change', 'highest' and 'lowest', without giving specific figures. * Never describe each line separately. The examiner wants to see comparisons. * If the graph shows years, you won't have time to mention all of them. The key years to describe are the first year and the last year. You should also mention any 'special' years (e.g. a peak or a significant rise/fall). * Start...
Words: 5114 - Pages: 21
