...Understanding the Concepts William Gould Finance 100 Dr. Crawford March 7, 2013 Strayer University, Augusta Campus Owning and operating your own business is a goal of most Americans. The thing about owning your own business is to understand the concepts of operating a small business. When thinking about starting a small business, a person must have a well written business plan. A business plan is an “a formal document that describes a business concept, outlines core business objectives, and details strategies and timelines for achieving those objectives” (Kelly & McGowan, 2012).A business plan consist of marketing: products and services offered, demand from customs, market and location, advertising and marketing plan and pricing strategy, Financial Management: amount needed to start, expected cash flow, projected income and balance sheet, etc...Operation: daily management, hiring and personnel policies, insurance coverage and leasing agreement (Gordick, 2003). Within a small business, a small business owner must be able to keep track of the money that is coming in and going out. Using the different financial source and equation to operate your business is essential in owning and operating a small business. Understanding the concepts will help you own, operates and sustain a small business. NPV and payback is a concept a small business owner must understand, when making decision in a small business. NPV or net present value method is a dynamic investment appraisal...
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...Assignment: Understanding the Concepts Write a 4-5 page paper in which you: 1. Imagine you are a small business owner. Determine the financial ratios that are important to the business. Compare your ratios with those that are important to a manager of a larger corporation. 2. Explain the advantages and disadvantages of debt financing and why an organization would choose to issue stocks rather than bonds to generate funds. 3. Discuss how financial returns are related to risk. 4. Describe the concept of beta and how it is used. 5. Contrast systematic and unsystematic risk. 6. Imagine your manufacturing corporation has just won a patent lawsuit. After attorney and other fees, your corporation will have about $1 million. Explain how you plan to invest the money in order to diversify the risk and receive a good return. Support your decisions with concepts learned in this course. Your assignment must follow these formatting requirements: • Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions. • Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length. The specific course learning outcomes associated with this assignment are: • Explain...
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...Assignment: Understanding the Concepts FIN 100 – Principles of Finance Assignment: Understanding the Concepts Ever dream of owning your own business? The life of a business owner can be a glorious one with many exciting benefits such as a big house, a nice car, and oodles of money. According to (Henderson, 2012), “The average income of small business owners varies widely depending upon their level of experience. For example, small business owners with less than one year of experience in running an organization earn an annual salary ranging from $34,392 to $75,076. Those with more than 10 years’ experience, on the other hand, earn upwards of $105,757 per year”. As seen here, experience literally pays off big and is all about making good decisions in business. Some of the first decisions a business can make is determining the financial strategy. Financial Ratios Important to Large and Small Businesses Before a business can determine the best financial strategy, they must identify the strengths and weaknesses of their business. One way this is done is by computing ratios that compare values of key accounts listed on the financial statements. There are a lot of financial ratios that can be determined by business owners and managers through analyzing these financial statements. Depending on your size of business and the experience of the business people, will determine the best financial strategies for their firms. According to Bankrate.com, “A financial ratio...
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...Understanding “The Banking Concept of Education” People learn by different methods of teaching: visual, auditory or tactile. A visual learner favors reading or pictures, an auditory prefers listening and a tactile person learns by a hands on approach. (The Learning Styles) In Freire’s excerpt “The Banking Concept of Education”, he describes how the relationship between students and teachers suffer from narration sickness (Freire). Freire explains in today’s modern education the teacher has become the depositors of information and the students are the bank receiving the information. This essay will explain the meaning of Freire’s excerpt and provide an understanding of his two concepts of education, banking and problem posing. Although auditory is a method of learning, Freire argued how education today is more focused on memorization rather than a two-way street of communication. In order for a car to run, it needs a tank full of gasoline; this same theory can apply to Freire’s theory of “The Banking Concept of Education”. He describes how students have been turned into “containers” to be “filled” by the teacher (Freire). This was evident while attending the Non-Commissioned Officer’s Academy in February 2008. During the 5 week Professional Military Education course, the instructors stood at the front of the classroom the students were exposed to what we termed, “death by PowerPoint”. Each day was filled with instructor narration of material that culminated...
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...were often held annually, at harvest time, but the development of futures contracts has spread commodities trading over the year. Financial markets have traditionally been open each business day. As volume in many markets has grown, efficient continuous markets - some operating on a twenty-four-hour basis - have become the norm in currencies and in a few widely held securities. In general, market forces have dealt effectively with the reallocation of price and rate risk and have provided liquidity through securitization and the allocation of capital to market making. Market forces have not yet dealt adequately with the risk of market discontinuities. 2. Discuss how the Valuation Principle helps a financial manager make decisions. The concept of value is at the heart of financial management, yet the introductory case demonstrates that valuation of companies is by no means an exact science. Inability to make precisely accurate valuations complicates the task of financial managers. The financial manager controls capital flows into, within and out of the enterprise attempting to achieve maximum value for shareholders. The test of his effectiveness is the extent to which these...
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...Understanding Business Research Terms and Concepts: Part 4 Que McMannis Res 351 03/17/2015 Mark Robinson Abstract The three most commonly used research instruments in quantitative research Studies include Questionnaire, Tests, and Surveys. Validity is the degree to which an instrument measure what it is purports to measure. Imprecise information collection can influence the outcome of a study and eventually lead to unacceptable results. Reliability is the internal consistency or stability of the measuring device over time (Gay, 1996). The collection data of Quantitative methods depend on random sampling and organized data collection instruments that fit different involvement into fixed response groups (www.mbaisherebyravali.com). An important aspect of the quantitative research design is the non-probability method. Through the non-probability method, there are many sampling designs such as convenience sampling, purposive sampling and model instance sampling (www.wilderdom.com). Listed below are two Quantitative strength approaches. The first quantitative strength approach is offering vivid data; for example, permitting us to take pictures of an employer population (www.library.pinpoint.com). Another strength is quantitative research have the ability to translate numbers and data in quantifying graphs and charts. (www.library.pinpoint.com) The first weakness of the quantitative approach is large samples are needed thus causing the study to be more expensive, time-...
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...ACC 610 Milestone One Guidelines and Rubric This is the first of three milestone assignments that will lead to completion of your course project. In this assignment, you will complete Critical Element III: GAAP vs. IFRS. Recall that, due to the sequencing of content for the modules, the critical elements are being prepared out of order. For the complete sequence, see the Final Project Guidelines and Rubric document. This milestone addresses the following course outcome: Differentiate between the Generally Accepted Accounting Principles and the International Financial Reporting Standards for their impact on financial statements. If you have not already done so, select the company that you will use to build your portfolio. For detailed instructions, see the ACC 610 Final Project Document located in your Blackboard course. Specifically, the following critical elements must be addressed: III. GAAP vs. IFRS A. Explain the steps that would be needed for your selected portfolio company to transition from GAAP to IFRS. For example, what would this transition entail? What would your chosen company need to do? B. Explain how a financial statement would differ under IFRS as opposed to GAAP. i. How is a financial statement under IFRS different from GAAP? How is it the same? ii. What would the statements for your chosen company look like? Guidelines for Submission: Prepare your paper using Microsoft Word. It should be 2 to 3 pages in length, not including the...
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...Explain how understanding specific English language learners' needs guided the choice of instructional strategies to support the content and language learning. It is essential to understand English language learners’ needs because ELL students face the combined challenge of learning all the academic content as other students, while also learning the language of instruction. With the rapid growth in the size of the ELL student population in the U.S., teachers who are effective recognizes ELL students unique academic needs, unique background experience, culture, language, personality, interests and attitudes toward learning for the purpose to adjust, or differentiate, their instruction to meet students’ needs. Explain how the differentiation of tasks or activities supported the English language learners' content learning and language development. Differentiating tasks or activities enables and supports ELL students in many ways. Using differentiated teaching strategies gives ELL students the leverage that is needed to be successful. In the case of the aspects of quantity and quality for example, the same reading task can be assigned to the whole class, but students do not have to do the same number of questions or exercises. The ELL students are given a choice and can choose to do one or more tasks; it is important for them to progress at their own pace and interest. Explain how the differentiation of assessments allowed the English language learners to demonstrate...
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...values that I hold close to my heart are Christian ones. As a result, my comportment reflects my worldview because of the way I perceive the world in my own lenses. I think it would be safe for me to say that most of the time, my internal beliefs or worldview materialized itself by my actions in everyday life. Therefore, my Christian oriented worldview serves as a filter that dictates how I approach different events in my life. (126 words ) Understanding a worldview is important because it enable us to evaluate ourselves to make sure that our beliefs or worldview is consistent with our actions. Life is full of trials so having a good worldview is a good tool to help us strive and remain constant to stay strong in whatever we believe in. Holding a worldview allow us to stay grounded so we not shaken by the waves of life. It is important to understand a worldview as a concept because it helps narrow the course of actions that should be taken in life situation that we face in our everyday lives. Understanding a worldview as a concept provides us with some kind of order and stability in people’s lives. (121 words...
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...of ideas, states that there is another world that exists. This world is separate from the world that we live in. Plato calls this world the eternal world. The theory that he proposes is that objects in the physical world merely resemble perfect forms in the ideal world, and that there perfect forms can be the object of true knowledge. Through out his work Plato makes the distinction between objects that are real and concepts that exist in our minds. To better understand this we have to look at the characteristics that Plato bases knowledge on. Throughout this his works, Plato was always concerned with one thing, which was epistemology. Epistemology deals with the possibilities and limits of human knowledge. It tries to answer such questions as: is the world as people perceive it the basic reality, or do people perceive only appearances that conceal basic reality? Knowledge may be regarded as having two parts. There is, first of all, what one perceives using the five senses. Next there is the way these perceptions are organized by the mind to form ideas or concepts. The problem is that epistemology is based on how philosophers have understood the relationship of the mind to the rest of reality. Through the Theory of Forms, Plato links mind and reality. For the average person, common sense says that there is a real world of perceivable objects. These objects can be analyzed and understood. Philosophers have not let the matter rest there. Plato thought that the real world consisted...
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...ability to apply the results of his or her learning in a creative way and achieve goals. (4) Perceptiveness: How well a student can interpret and perceive meanings from a conversation greatly determines the quality of a good student. A good student always perceives the right meaning from a conversation, but an average student often misunderstands the original thoughts of the speaker or writer and derives a wrong conclusion. (5) Self-Discipline: Discipline in managing time is an important ability that every good student must possess. Delaying tasks, such as writing assignments, reading text books, etc, may negatively impact the ability of a student to achieve his or her goals. (6) Understanding rather than memorizing concepts: Many surveys suggest students must understand concepts rather than just memorizing them. Memorized facts and theories will stay in students’ memories until they leave school, college, or university, but once out of...
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...Feedback – Qishen Xie - Sam Formative Feedback: Assessor to Student For L01 – 1.1, 1.2 & 1.3 The student gave a good account and knowledge applied, good terminology to the tasks set, that was supported with comprehensive understanding. The student demonstrated a good account of theories and examples to support their findings and analysis. The student gave a good level of explanation and analysis of the points and facts that was put forward for the different types of organisation, with case company examples for each different type and understood the objectives of different stakeholders (employees, owners, customers) etc…, along with the responsibilities of an organisation, and factoring into consideration strategies employed to meet them. Grade Pass | Action PlanOverall, you have a very good understanding of the theory and concepts, but need to do following:1. Amend and the details as stated in the feedback2. Use the Ansoff Product Matrix to support 1.3 analysis3. Use the correct referencingImplementing the above changes will enable a higher grade. | Summative feedback 1.1 The student gave an excellent account and knowledge applied, good terminology to the tasks set, that was supported with comprehensive understanding the purposes of different types of organisations. 1.2 The student demonstrated an excellent account of theories and examples to support their findings and analysis, how an organisation meets the objectives of the stakeholders. 1.3 The...
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...movie introduces Charlie Babbitt a character played by Tom Cruise mid-twenty something year old car sales man living in California. On a trip with his girlfriend who worked for him, he learns that his estranged father died and he had to settle the estate. While during the process of settling the case, Charlie discoverers that his estranged father did not leave him his substantial inheritance but instead it went to an unknown individual who leaves in an institution. Charlie through the process of finding who was entrusted with the money; he discovers his brother who he knew nothing about called Raymond. Raymond is autistic. The movie is explores the relationships, struggle, anger and understanding of family. It teaches viewers the validity of time spent with family and the growth and understanding which can manifest through the struggle. Health perception and management Raymond is a 50 something year old Autistic patient in a mental institution. Due to this health condition, he is unable to understand emotions which make it difficult to connect to people. He has a very structured lifestyle with strict meals and activities. He cannot function appropriately without structure. The patient is aware of his medical condition and he understands the significance of medication. Nutrition and metabolic pattern The patient in the movie appeared to be well nourished. He looked within a normal weight range for his height. His has a typical American diet which involves foods such as pizza...
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...Approaches to learning In this process the students are asked to consider how they learn best, how they know and how do they communicate their understanding. Students are given tools to help them become actively involved in their learning. In addition approach to learning consists of the following (the responsibility of the teacher to assist with this): • Organizational skills and attitudes towards work • Collaborative skills • Communication • Information literacy • Reflection • Problem-solving and thinking skills • Subject-specific and interdisciplinary conceptual understanding. Community and service In this process students are asked to consider how they live in relation to others, how they contribute to the community, and how can I help others? This would require that students take part in the community they are apart of. The concentration is on building community awareness and the tools needed to create a more effective society. Human Ingenuity In this process students are asked to consider why and how do we create along with the consequences. Students are forced to reflect on their brunt on society. Students focus on the evolution, process and products of human creativity and their brunt on life and society. Opportunities are provided for students to increase in themselves the human ability to create, transform, enjoy, and improve the quality of life. Students assess the way individuals can began change for the good or bad along...
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...knower to fully understand knowledge, because each way of knowing have significant weaknesses to them. However, if the ways of knowing are working with one another in a network, the weaknesses of one way of knowing can be supported by the strengths of others. This strong network of the ways of knowing allows the knower to obtain a strong understanding of a particular area of knowledge, depending on the ways of knowing that are being connected in this network. By using multiple ways of knowing in the network, the knower is able to develop multiple perspectives about the knowledge, creating more complete and comprehensible knowledge for the knower. Mathematics and religion are two areas of knowledge that are observable nearly every day in our lives and society. Ways of knowing enable the an individual to receive and retain knowledge. However, in order to fully understand this knowledge, a strong network of the ways of knowing are crucial for the knower. In mathematics, a equation or answer can be compromised with the smallest mistake in the mathematical process. This requires the knower to have a complete understanding of the process and concept they are being presented with. A strong network of ways of knowing is imperative for a knower to fully understand a question they are presented with, and ultimately come away with the correct answer. In order for the knowledge to be transferred from teacher to student, the teacher must clearly communicate the knowledge. Language is used...
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