The qualitative characteristics of financial report preparation Essay

The qualitative characteristics of financial report preparation - Essay Example This essay discusses that qualitative characteristics influence the financial information’s effect. The users of the financial information rely on the qualitative characteristics of the financial statements for their decision making activities. The creditors use the financial statements as one of the tools for deciding whether to grant loans or credit terms to the credit applicant. Financial statement indicating the company generated a profit trend for the past two years will persuade the creditors to grant the loans or credit applications. The net profit portion of the financial statements indicates the company will be able to pay its maturing loan and credit obligations on time. On the other hand, the creditors will be discouraged to approve the credit or loan application of a company having a net loss financial picture. The net loss financial picture indicates a strong probability that the company may close shop in the next few years. The credit or loan applicant may not be able to comply with its duty to pay its loans or credits when the maturity dates crop up. In addition, the customers use the financial statements as one of the major tools for deciding whether to grant loans or credit terms to the credit applicant. The customers use the financial statements to determine if the company will stay long enough to supply their wants, needs, and caprices. A financial statement indicating a loss will persuade the client to start looking for other competitor suppliers. A net loss figure creates an impression on the minds of the customers that the company may not qualify as a going concern entity. A net profit ensures the customers that the company will provide the clients’ needs. Furthermore, the managers use the financial statements as one of the major tools for benchmarking their performance. The managers will have a passing performance grade if the financial statements indicate the company generated net profits during the past year or years of su pplying the needs of its clients. On the other hand, the manager will receive a failing performance grade if the financial statements indicate the company generated a net loss for the past year or years of service. The managers need financial statements that obey with the qualitative characteristics standard. Also, the current and prospective investors use the financial statements as one of the major tools for deciding whether to grant loans or credit terms to the credit applicant. The current and prospective investors will be encouraged to invest their hard earned cash in the company, if the financial statements indicate the company generated profits for the past year or years of service. On the other hand, the current and prospective investors will be discouraged to invest in a company that generated a trend of net loss for the past year or years of operation. The current and prospective investors need financial statements that comply with the qualitative characteristics standard. Based on the above discussion, the entities must resolve the threshold quality of materialityiv. Materiality is not easy to define and can be misunderstood. The financial information is material if the omission or misstatement could influence the economic decisions of the financial sta

Juvenile fire setting Essay Example for Free

Juvenile fire setting Essay Findings indicate that of all victims of fires set by a child; about thirty four percent of the victims are children themselves. The leading cause of death in residential fires in the United States has been found to be playing with fire. Children are often engaged in games that involve playing with fire. These games are normally played in the bedroom where many things can easily catch fire. Older children on the other hand play with fire outside the home. The majority of these children are often under the false impression that they have the capacity to control the fires that they have set. A large percentage of children who set fire have no possession of fire safety education and are also not supervised by their parents. Statistics indicate that more than fifty percent of individuals arrested for arson in the United States are juveniles. About eighty thousand structure fires are caused by children who play with fire. From this, seven hundred and sixty deaths and more than three thousand five hundred injuries result. The annual estimates of damages from juvenile fire setting stand at 1. 2 billion dollars. It takes less than two minutes for an entire room to be set on fire by a flame from a single match. In only under five minutes, the entire house can be engulfed in flames. Over three hundred deaths and two thousand injuries result from juvenile arson and fires set by youth annually. Again, property damage resulting from these fires amount to over three hundred million dollars. Forty percent of deaths related to residential fire are caused by children playing with fire. Characteristic of fire setters Juvenile fire setters can be categorized into three groups according to age. The first category is made up of children aged less than seven years. The majority of fires caused by this category of children are mainly as a result of accident or curiosity. Some studies indicate that the childrens interest in fire begins before the age of three (Kolko Kadzin, 1999). Naturally, children are curious about fire even though there are various factors that determine whether a child actually sets fire or not. Such factors include the availability of fire supply and their exposure to fire. The majority of children under this category who set fire are not aware of the potential consequences. The second category is comprised of children between the age eight to twelve. Fire set by children within this category may also emanate from curiosity. However, it may also be the result of an underlying psychosocial conflict (Slavkin, 2000). Children under this category may be completely aware of the consequences of their actions and set fire as a strategy for attracting attention. They are likely to continue setting fire until their concerns become addressed or until their needs are met. The third category consists of adolescents aged between thirteen years and eighteen years. A major feature of these young people under this category is that they seem to possess a long history of playing with fire and fire starting behavior that had not been detected. Their fire setting actions may either be motivated by psychosocial conflict and turmoil or an intended criminal behavior. The history of such young people is characterized by behavior problems and school failure. They are highly vulnerable to peer influence. Another classification of juvenile fire setters lives out those that start fire out of curiosity. As such, it classifies intentional fire setters. The first group within this category is made up of those children who set fire as a way of seeking attention. The second category is made up of children who are motivated through delinquent activity. The final category is composed of juveniles who have severe emotional disturbances. Regardless of the mode of classification, what is apparent is that the older the child, the more hey experiment with more sophisticated materials. As children advance in age, their fire setting tend to be externally directed toward locations such as barns, garbage dumpsters, grasslands, schools and automobiles (Little, 1998). There exist various varieties of psychosocial, behavioral, conduct and aggression problems exuded by juvenile fire setters. Among these are a tendency of playing with matches or lighters, cruelty to animals, item burning and extreme enthusiasm and curiosity about fire (Foerger, 1999). The potential for setting fire becomes high when these factors are combined with the circumstance, the ease at which matches and lighters can be obtained and a general misunderstanding about the consequences of fire. Juvenile fire setters may possess a number of characteristics. These children tend to be curious about fire and do not understand the dangers associated with fire. In some cases, these children may be experiencing some changes in the family life such as death, divorce or separation. They may also have a history of behavioral problems and poor peer relationship. Parental involvement Families are often reluctant in responding to what they normally take to be a one time occurrence. Families in most cases tend to ignore the seriousness of the behavior. Every child who has engaged in fire play or fire setting tendencies requires intervention. Children need to be educated on the dangers of playing with fire by their parents so that they may stop the behavior. The most important thing that parents need to do is to take notice of their children. Parents also need to talk to their children about the dangers of fire. They also must set a good example as the majority of children learn about the use of fire from their parents. If the parents are reckless with fire, the child is likely to handle fire carelessly. Access to matches and lighters should also be restricted. The only way to ensure that children do not access them is by keeping them safely. Problems are likely to occur when children begin to handle fire in ways that are dangerous. Parents should therefore seek appropriate help before any serious problem occur. Professional guidance is more appropriate as threats and punishments are in most cases ineffective. Without any form of intervention, fire setting cannot stop. The past decade has witnessed the establishment of various programs in numerous jurisdictions across the United States to address concerns about juvenile fire setting. These programs primarily fall under the fire service. Their aim is to prevent the recurrence of fire setting by identifying, evaluating and treating the juvenile fire setter. Early programs were mainly designed by local mental health professionals and personnel in the fire service. Based on models developed by the United States Fire Administration, various programs have been established. Apart from the fire department, juvenile fire setter programs obtain referrals from the police departments, mental health agencies, social service agencies, schools and parents. A working relationship exists between the programs and a number of these major community agencies. The Office of Juvenile Justice and Delinquency Prevention and the United States Fire Administration, in seeing the need for increased knowledge on how the problem of juvenile fire setting can be minimized, funded an initiative known as the National Juvenile Fire setter/Arson Control and Prevention (NJF/ACP) Program which ran from 1987 through 1993. Possible solutions The most appropriate solutions to children with fire setting behavior are those focused on brief therapy (Little, 1998). The solution focused on brief therapy was developed as a family counseling theory. The therapy is made up of sessions with the first session being the most important. It employs â€Å"solution talk† to change cognitions from negative focus on weakness and problems to the positive attitudes of expressing optimism and strength. This may in particular satisfy the powerful need of juvenile fire setters for security and love. The problem can also be solved through fire safety education, collaboration with the community agencies and empathy training. These methods can especially be used by school counselors to bring about positive changes for juveniles with fire setting behaviors and the general society. Current trends It has been noted that during the winter months, there is always an increased rate of child fire injuries and deaths. The distribution of injuries and deaths are even throughout the week. Deaths and injuries also seem to take place between 8 P. M and 8 A. M. (Kolko, 2002). The majority of child fares are residential with more than ninety percent of such fires resulting in injuries and death. Fires often originate from the bedroom. Arson still continues to be a major United States problem.

Structural Interconversion of Holin Transmembrane Domain I

Structural Interconversion of Holin Transmembrane Domain I Structural Interconversion of Holin Transmembrane Domain I is Dictated by a Single Proline: A FRET-based Analysis and its Functional Importance in Pore Formation. Muralikrishna Lella,†  Soumya Kamilla,†¡ Vikas Jain†¡,* and Radhakrishnan Mahalakshmi† ,* KEYWORDS (Word Style â€Å"BG_Keywords†). If you are submitting your paper to a journal that requires keywords, provide significant keywords to aid the reader in literature retrieval. ABSTRACT: Mycobacterial cell lysis during the lytic D29 bacteriophage infection is timed by perfect orchestration amongst/between components of the holin-endolysin cassette. In Gram-negative bacteria, progressively accumulating holin in the inner membrane, retained in its inactive form by anti-holin, is triggered into active hole formation, resulting in the canonical host cell lysis. However, the molecular mechanism of regulation and physical basis of pore formation in the mycobacterial inner membrane by D29 holin, particularly in the nonexistence of an anti-holin, is poorly understood. In this study, we report, for the first time, the use of fluorescence resonance transfer measurements to demonstrate that the first transmembrane domain (TM1) of D29 holin undergoes a helix ↔ ÃŽ ²-hairpin conformational interconversion. We validate that this structural malleability is mediated by a centrally positioned proline, and is abolished in the conformationally rigid substitution mutants containing Ala, DPro, or Aib. Using electrophysiology measurements coupled with calorimetric vesicle assays, we demonstrate that due to the conformational switch, native TM1 exhibits sluggish self-association in membrana, while its rigid variants show accelerated lipid bilayer disruption. The biological implications of D29 holin structural alteration is presented as a holin self-regulatory mechanism and its implications are discussed in the context of data-driven peptide-based therapeutics. The fatal host cell lysis step during bacteriophage infection is one of the most precisely programmed events, coordinated by the mechanical membrane disruption by a hole-forming membrane protein termed holin and the peptidoglycan-degrading enzyme endolysin.1 In the canonical holin-endolysin cassette, holin accumulates in the bacterial inner membrane and is retained in the inactive form until membrane depolarization drives holin assembly into holes that are large enough for endolysin release.1b,2 It is believed that ion leak through pinholes formed in holin-enriched lipid rafts would result in local membrane depolarization, which would exponentially propagate throughout the bacterial inner membrane and result in the formation of >300 nm diameter holes.2g,3 Historically, genetics of the coliphages T4, ÃŽ », and 21 have been extensively investigated, and therefore our current understanding of holin function and regulation is largely derived from the lysis effector S105 (or S2168) holin and the antiholin S107 (or S2171).2d,2g,4 Based on more recent functional characterization of members from eight holin superfamilies comprising several bacteriophages,5 we now know that the number of transmembrane ÃŽ ±-helical segments (TMSs) can vary from 1-4; of this, the 3-TMS is widely prevalent.1b,6 Despite conceptual and experimental advances in our understanding of holin function, very few studies have translated these findings to the mechanism of holin regulation in mycobacteriophages (Mφ). Currently, >4000 documented Mφ species exist, of which >600 have been sequenced.7 Of particular interest is the lytic Mφ D29, which is the predator for Mycobacterium tuberculosis, among other mycobacteria. Mφ D29 possesses a putative holin sequence coded by the gp11 gene, and is predicted to possess two transmembrane segments, typically observed in class II holins.8 However, an antiholin sequence is conspicuously missing in the Mφ D29 genome, raising concerns on how this phage achieves holin regulation. A previous finding from our laboratory demonstrated that the first transmembrane domain (TM1) of D29 Mφ holin could undergo a conformational switch from a helical form to an extended structure, and a centrally located Pro-Gly segment was important for such interconversion.9 This opened further questions on the biophysical nature of such a conformational conversion, the functional implications during holin assembly and whether such interconversion did indeed possess any regulational role within the mycobacterial cell. In this study, we demonstrate that the D29 Mφ TM1 undergoes a helix ÃŽ ²-hairpin conversion that is abolished in Pro -> Ala/DPro/Aib mutation. We also show that proline internally regulates assembly of TM1 in the membrane, and could potentially function as the ‘missing’ antiholin in D29 Mφ. RESULTS AND DISCUSSION ASD ASD METHODS Peptide synthesis and labeling with fluorescent probes. All peptides were synthesized using Fmoc chemistry on a Rink Amide AM resin with a 0.63 mmol/g loading capacity, using DMF as the medium. Deprotection of Fmoc was achieved using 20% piperidine and the progress of the reaction was monitored using Kaiser test and mass spectrometry.9-10 Final peptide was generated using the cleavage cocktail (TFA : water : phenol : ethanedithiol : thioanisole in the ratio 85:5:5:2.5:2.5), followed by cold ether precipitation, and verified by mass spectrometry. On-resin labeling of the fluorophore (Alexa Fluor ® 350 or dansyl chloride) at the N-terminal residue was achieved using HOBt or DIPEA in DMF. All labeling reactions were carried out at least twice and confirmed by mass spectrometry. Labeling efficiency was calculated using labeled peptide absorbance at fluorophore ÃŽ »max ­ and unlabeled : labeled peptide ratios for all reactions were maintained at ~1.0:0.5. Details are in the electronic supplementary information (ESI). Peptide folding and circular dichroism experiments. Desired quantity of peptide in the powder form was dissolved in 100 mM LDAO (lauryldimethylamine oxide) or 100 mM DPC (n-dodeyclphosphocholine) micelles prepared in 50 mM sodium phosphate pH 7.2, and were subjected to repeated cycles of heating and vortexing to promote peptide folding.9 All biophysical experiments were carried out using 0.022-0.024 mM samples, unless otherwise specified. Quantification was achieved using a molar extinction coefficient of 8408 M-1 cm-1 at 280 nm.CD spectra were acquired in various micellar conditions at 25  °C, using a 1 mm path length quartz cuvette at scan speeds of 100 nm/min. Data were integrated over three acquisitions and converted to molar ellipticity values using reported methods.9,11 Thermal denaturation and recovery measurements were carried out between 5-95  °C and 95-5  °C, respectively at a ramp rate of 1  °C/min. Details are provided in the ESI. Fluorescence and anisotropy measurements. Steady state Fà ¶rster Resonance Energy Transfer (FRET) measurements were carried out using Trp excitation at 280 nm ( ±2 nm slit width) and emission spectra were recorded between 295-550 nm ( ±3 nm slit width). Inter- and intra-molecular FRET was demarcated by titrating unlabeled peptide into labeled peptide samples to achieve stepwise dilutions and final unlabeled: labeled ratios of 1:1, 1:0.8, 1:0.6, 1:0.4, 1:0.2, 1:0. Data were normalized against Trp emission intensities and acceptor intensity at ÃŽ »max ­ were plotted (Alexa Fluor ® 350 ÃŽ »max = 442 nm and dansyl chloride ÃŽ »max = 500 nm). Anisotropy values were acquired using ÃŽ »ex-max = 442 nm and ÃŽ »em = 345 nm for both the labeled and unlabeled peptides. Lifetime measurements were carried out using time correlated single photon counting. Trp excitation was achieved at 292 nm using a pulsed LED and fluorescence decays were monitored at the ÃŽ »em-max for the respective samples (345 nm in LDAO; 347 nm in DPC; 355 nm in buffer). All data were fitted to a triple exponential decay to derive lifetimes (Ï„i) and their respective amplitudes (ÃŽ ±i). The average lifetime was given as = ÃŽ £Ãâ€ži.ÃŽ ±i.12Details are provided in the ESI. Pore formation measurement using planar lipid bilayers. Black lipid membranes were generated using DiPhPC (diphytanoyl phosphatidylcholine) on a planar lipid bilayer workstation in which the membrane bilayer was painted across a 150 ÃŽ ¼m aperture generated in the septum of a Delrin cup. A constant 10 mV voltage was applied in both cis and trans sides of the chamber, pre-filled with mM sodium phosphate pH 7.2 containing 0.5 M KCl. 0.022-0.024 mM peptide was added to the cis chamber and electric current was recorded using a 50 Hz filter, sampling frequency of 10 kHz, and digitized. Opening and closing event frequency was calculated throughout the recording and converted to conductance using the formula: [observed current in pA] / 10 mV = conductance in nS. Details are described in the ESI. ASSOCIATED CONTENT (Word Style â€Å"TE_Supporting_Information†). Supporting Information. A brief statement in nonsentence format listing the contents of material supplied as Supporting Information should be included, ending with â€Å"This material is available free of charge via the Internet at http://pubs.acs.org.† For instructions on what should be included in the Supporting Information as well as how to prepare this material for publication, refer to the journal’s Instructions for Authors. ABBREVIATIONS CCR2, CC chemokine receptor 2; CCL2, CC chemokine ligand 2; CCR5, CC chemokine receptor 5; TLC, thin layer chromatography. REFERENCES (Word Style TF_References_Section). References are placed at the end of the manuscript. Authors are responsible for the accuracy and completeness of all references. Examples of the recommended formats for the various reference types can be found at http://pubs.acs.org/page/4authors/index.html. Detailed information on reference style can be found in The ACS Style Guide, available from Oxford Press. (1) (a) Smith, D. L.; Young, R. J. Bacteriol. 1998, 180, 4199-4211; (b) Young, R. Current Opinion in Microbiology 2013, 16, 790-797; (c) Young, R. Microbiological Reviews 1992, 56, 430-481. (2) (a) Young, R.; Wang, I.; Roof, W. D. Trends Microbiol. 2000, 8, 120-128; (b) Ramanculov, E.; Young, R. Gene 2001, 265, 25-36; (c) Wang, I. N.; Deaton, J.; Young, R. J. Bacteriol. 2003, 185, 779-787; (d) Park, T.; Struck, D. K.; Deaton, J. F.; Young, R. Proc. Natl. Acad. Sci. U. S. A. 2006, 103, 19713-19718; (e) Savva, C. G.; Dewey, J. S.; Deaton, J.; White, R. L.; Struck, D. K.; Holzenburg, A.; Young, R. Mol. Microbiol. 2008, 69, 784-793; (f) Pang, T.; Savva, C. G.; Fleming, K. G.; Struck, D. K.; Young, R. Proc. Natl. Acad. Sci. U. S. A. 2009, 106, 18966-18971; (g) White, R.; Chiba, S.; Pang, T.; Dewey, J. S.; Savva, C. G.; Holzenburg, A.; Pogliano, K.; Young, R. Proc. Natl. Acad. Sci. U. S. A. 2011, 108, 798-803; (h) Young, R. Journal of Microbiology 2014, 52, 243-258. (3) (a) Dewey, J. S.; Savva, C. G.; White, R. L.; Vitha, S.; Holzenburg, A.; Young, R. Proc. Natl. Acad. Sci. U. S. A. 2010, 107, 2219-2223; (b) Pang, T.; Fleming, T. C.; Pogliano, K.; Young, R. Proc. Natl. Acad. Sci. U. S. A. 2013, 110, E2054-2063; (c) Savva, C. G.; Dewey, J. S.; Moussa, S. H.; To, K. H.; Holzenburg, A.; Young, R. Mol. Microbiol. 2014, 91, 57-65. (4) Blasi, U.; Nam, K.; Hartz, D.; Gold, L.; Young, R. EMBO Journal 1989, 8, 3501-3510. (5) Reddy, B. L.; Saier, M. H., Jr. Biochim. Biophys. Acta 2013, 1828, 2654-2671. (6) Wang, I. N.; Smith, D. L.; Young, R. Annu. Rev. Microbiol. 2000, 54, 799-825. (7) http://phagesdb.org/. (8) (a) Catalao, M. J.; Gil, F.; Moniz-Pereira, J.; Pimentel, M. J. Bacteriol. 2011, 193, 2793-2803; (b) Hatfull, G. F.; Jacobs-Sera, D.; Lawrence, J. G.; Pope, W. H.; Russell, D. A.; Ko, C. C.; Weber, R. J.; Patel, M. C.; Germane, K. L.; Edgar, R. H.; Hoyte, N. N.; Bowman, C. A.; Tantoco, A. T.; Paladin, E. C.; Myers, M. S.; Smith, A. L.; Grace, M. S.; Pham, T. T.; OBrien, M. B.; Vogelsberger, A. M.; Hryckowian, A. J.; Wynalek, J. L.; Donis-Keller, H.; Bogel, M. W.; Peebles, C. L.; Cresawn, S. G.; Hendrix, R. W. J. Mol. Biol. 2010, 397, 119-143; (c) Payne, K.; Sun, Q.; Sacchettini, J.; Hatfull, G. F. Mol. Microbiol. 2009, 73, 367-381. (9) Lella, M.; Mahalakshmi, R. Chem. Commun. 2013, 49, 9594-9596. (10) Makwana, K. M.; Raghothama, S.; Mahalakshmi, R. Phys Chem Chem Phys 2013, 15, 15321-15324. (11) Maurya, S. R.; Chaturvedi, D.; Mahalakshmi, R. Sci. Rep. 2013, 3, 1989. (12) Maurya, S. R.; Mahalakshmi, R. J. Biol. Chem. 2013, 288, 25584-25592.

Factors that affect the rate at which Sodium Thiosulfate (Na2S2O3) reac

I am to investigate the factors that affect the rate at which Sodium Thiosulfate (Na2S2O3) reacts with Hydrochloric Acid (HCl). When sodium thiosulfate is mixed with hydrochloric acid, a reaction takes place, leading to a precipitate of sulphur being formed. This turns the solution cloudy. I shall use this clouding to investigate a factor that affects the rate of reaction, the factor being temperature. To do this, I shall react Sodium Thiosulfate with Hydrochloric Acid at a range of temperatures, between 20 °C and 40 °C, at 5 °C intervals, leading to 5 results. The experiment shall be carried out twice, to give accuracy, and allowing me to check for agreement between results. I predict that as the temperature that the reaction takes place at increases, the less time it will take for the reaction to take place and for the solution to cloud. My prediction is based on the collision theory, which says that  · Reacting species must hit together  · Species must hit together with more than the activation energy needed Increasing the temperature of the atoms taking part makes them move more and faster, enabling more collisions to take place, speeding up the reaction. The added heat energy also allows more collisions to have the required activation energy, again, speeding up the reaction. In order to make this experiment a fair test, I changed only one input variable, the temperature. I kept the amount and concentration of the liquids the same (20m...

Citibank Credit Card in Asia Pacific

Launching the Credit Card in Asia Pacific Ankit Bhardwaj Apaar Malik Neha Sharma Shashwat Bhanti Sidharth Shah Introduction ? ? ? ? ? ? Citibank, a major international bank, is the consumer banking arm of financial services giant Citigroup. Citibank was founded in 1812 as the City Bank of New York, later First National City Bank of New York. Citibank has retail banking operations in more than 100 countries and territories around the world. Founded in 1812 as the City Bank of New York, ownership and management of the bank was taken over by Moses Taylor, a protege of John Jacob Astor and one of the giants of the business world in the 19th century. In the 1960s the bank entered into the credit card business The card, known as â€Å"The Everything Card†, was promoted as a kind of East Coast version of the Bank Americard. ?Products: ? ? ? ? ? ? ? ? ? ? CitiOne Account Mortgage Power Citibank Auto Loan Citibank Ready Credit CitiGold Service Citi Phone Banking ATM Business Banking Citibank NRI Business International Personal Banking Citibank ·s presence Africa Europe Middle East Central America South America North America Asia Citibank ·s Net Income till 2008 Citibank ·s Assets/Liabilities ratio *The company is financially strong Case Introduction Credit Card Functioning Years in which Citibank entered countries. Population statistics Economic statistics Manager ¶s Opinion. ? Credit Card Functioning Card holder makes purchase at merchant Merchant submits transaction to merchant bank or acquiring company Cardholder ($100) Merchant ($100) Merchant Bank or Acquiring Company ($97) Credit issuer bills card holder for total of Transactions made in month ($100) Card holder makes full or partial payment to the card issuer (minimum to $100) Merchant bank or acquiring company reimburses merchant less merchant service charge Interchange network reimburses merchant Bank for amount of Transaction less interchange fee($98. 50) Merchant bank or acquiring company submits transactions to interchange network ($100) Credit Card Issuer $98. 50 ($100) Interchange Network ? Years of Citi Bank ¶s Entry in Asian Countries Hong Kong (1902) Taiwan (1964) Australia (1965) The Philippines (1902) Guam (1969) Singapore (1902) India (1902) Malaysia (1904) Indonesia (1918) Thailand (1967) Korea (1967) Population Statistics 797 300 800 300 250 200 167. 7 150 Population(In Millions) Urban Population(In Millions) 100 69 50 16. 514 0 5. 6 5 42 31 16. 9 6 2. 7 3 19. 8 14 11 61. 9 55 Countries Economy 12 11 9. 7 9. 8 8. 7 8 8 7. 6 7. 37. 4 6. 8 6 4. 8 4 4 3. 8 Growth Rate(In percentage) Inflation(In percentage) 8. 1 7. 3 10. 8 10 2 2 1. 5 1. 2 0 Manager ·s Opinions Bob Thornton(Country Manager- Indonesia) -> History of poor consumer payment on installment debt. -> High levels of fraud in the financial sector. > Legal infrastructure in inadequate. -> Small market for card product but a potentially large population of 180 mio. ? Dave Smith(Country Manager- Singapore) -> Small 2 mio population. -> Saturated card market with American Express. -> Late entry may result in losing money. ? Jaitirth Rao(Country Manager- India) -> Very large country with poor infrastructure. -> It ¶s a dog and delay it. ? ? Jeannine Fa rhi(Recently moved from USA to Asia) -> Poor implementation may lead to huge losses. -> Asian countries suffering from inefficient postal services. Launching the Card Market Entry Cost Card Business Operation Economics Customer Acquisition Success Probability Dollar Vs Local Currency Central Data Processing Focus on Existing Business Direct Mail Infrastructure Problem Market Entry Cost Green Field Market Development Direct Mail Take-Ones Direct Sales ¶ force Bind-Ins Market Acquisition Facilitates quick entry into market. Easily leverage existing Operations infrastructure and Human Resources in order to consolidate the market share. Choosing of right bank very critical. Very critical to manage the acquired organization ¶s workforce to match up Citi bank ¶s standards. Very difficult to divest in case of calamity. Cost implications in trainings. Card Business Operation Economics Setting a proper business Joining Fee. ? Setting a proper business Annual Fee. ? Right price to be set for Citi Bank ¶s credit card. ? Options to maintain a balance between Joining Fee and Annual Fee. ? Customer Acquisition Success Probability Prospects Reached 300000 2000000 30000 3000000 5330000 Response Number of Qualified Rate(%) RespondantsRespondants Respondants 2 1. 5 50 1 6000 30000 15000 30000 81000 4000 10000 10000 10000 34000 Card Holders 3200 8000 8000 8000 27200 Channels Direct Mail Unit Cost($) 1. 5 Take Ones 0. 25 Direct Sales 18000/Sales force person Bind Ins Total 0. 15 Only 0. 51% of success rate Dollar Vs Local Currency Advantages of Dollar as currency ? Disadvantages of Dollar Dollar would strengthen against the local currency due to its global usage. ? Extra charges for currency conversion. ? Fluctuation of exchange rate each day will hurt customers free expenditure. ? It is a global currency which is accepted everywhere. ? It is easily convertible at any bank. ? Paying in Dollars is treated by some people as a status symbol. Existing systems using Dollar as base currency and replication will not be difficult in other countries. Central data Processing Would slow down system response. ? System developers will be cut off from local markets. ? Local resources could be upgraded instead of spending on a new Centralized System. ? Focus on existing business Managers Advice in Asia pacific Focus on Existing Business Since lack of talent poo l available in the region Lack of Infrastructure to support such IT enabled product. Direct Mail Infrastructure Problem Postal Services is the backbone for Card delivery. Postal Services in Asia Pacific experience not satisfactory. ? Poor Logistics will only lead to dissatisfied customers. ? Business Problems ? Citibank wondered whether they could adopt a mass-market positioning to acquire enough credit card customers and still maintain its upmarket positioning with the current upscale branch banking customers Pricing the card too low would conflict with Citibank ¶s stated positioning however pricing it too high might mean low customer acceptance Citibank ¶s management were concerned that consumers ¶ attitudes and credit card usage patterns differed by country ? Country Profiles Australia Strengths ? Citibank considered as a Global Bank. ?Citibank making profits worldwide. ?Strong Financial backbone to launch a new product. Weakness ? Hold of Local Banks is very high. ?Austral ia is a saturated market Opportunity ? Western based developed economy ? AMEX and Diners club reputation is low ? High usage of credit card for travel and entertainment. Threat ? Hold of Local Banks is very high. ?Australia is a saturated market ? Lucrative offers already in market Hong Kong Strengths ? Citibank considered as a Global Bank. ?Citibank making profits worldwide. Strong Financial backbone to launch a new product. Weakness ? Hold of Local Banks is very high. ?Hong Kong is a saturated market Opportunity ? AMEX and Diners club reputation is low ? Rapid Industrialization. ?High annual average income. ?Active use of credit card Threat ? Hold of Local Banks is very high. ?Lucrative offers already in market. ?Hong Kong is a saturated market India Strengths ? Citibank considered as a Global Bank. ?Citibank making profits worldwide. ?Strong Financial backbone to launch a new product. Weakness ? 80% Population is in rural areas. ?Card acceptance is low. Political corruption is hi gh. ?Privatization not encouraged in 1980 ¶s. Opportunity ? Card considered as a prestigious owning. ?Higher income group will aspire. ?Credit Card penetration low. Threat ? Joining Fee and Annual fee low for local banks. ?Diners Club and AMEX already present with some market share. Indonesia Strengths ? Citibank considered as a Global Bank. ?Citibank making profits worldwide. ?Strong Financial backbone to launch a new product. Weakness ? Large National Debts. ?Political corruption. ?Banking Fraud already prevalent in country. ?Per Capita income is only $500. Opportunity ? Card considered as a prestigious owning. Threat ? 3 Banks already eating up the market chunk. Malaysia Strengths ? Citibank considered as a Global Bank. ?Citibank making profits worldwide. ?Strong Financial backbone to launch a new product. Weakness ? Politically unstable. ?Largely a rural country. ?Malaysian law very stringent towards credit card ownership. Opportunity ? Culturally acceptable to revolving credit. ?Large successful business population. ?Bank acquisition not very difficult. Threat ? AMEX with some handsome market share. ?AMEX already having a superior customer image. Foreign banks only were allowed 3 banks in Malaysia. Taiwan Strengths ? Citibank considered as a Global Bank. ?Citibank making profits worldwide. ?Strong Financial backbone to launch a new product. Weakness ? No infrastructure for new products. ?Culturally not acceptable to people to owe money. ?before 1989, laws restricted credit card business Opportunity ? Deregulation of credit allowed re cently. Threat ? 50% market share with AMEX. ?It was mostly cash oriented society. Singapore Strengths ? Citibank considered as a Global Bank. ?Citibank making profits worldwide. ?Strong Financial backbone to launch a new product. Weakness ? Minimum age requirements and income requirements. Opportunity ? Worlds largest centre for trading and services. ?High standard of living of people. ?Hold of Local banks very low. ?Card usage high in the country. Threat ? International banks having a good hold in the market. Philippines Strengths ? Citibank considered as a Global Bank. ?Citibank making profits worldwide. ?Strong Financial backbone to launch a new product. Weakness ? Political corruption. ?People awareness is very low. ?Only local currency and transactions to be adhered with. Opportunity ? Credit Card market is under development. Customer acceptance toward revolving credit. Threat ? AMEX having handsome market share. ?AMEX already having a superior customer image. ?Foreign banks only were allowed 3 banks in Philippines. Thailand Strengths ? Citibank considered as a Global Bank. ?Citibank making profits worldwide. ?Strong Financial backbone to launch a new product. Weakness ? No infrastructure for new product s. Opportunity ? High consumer affluence and spending. ?Not many Credit Card company working. Threat ? 50% market share with AMEX & Diners club. Korea Strengths ? Citibank considered as a Global Bank. ?Citibank making profits worldwide. Strong Financial backbone to launch a new product. Weakness ? No infrastructure for new products. ?Strict government regulations regarding Revolving credit. ?Only local currency card can be issued. Opportunity ? Growth in the existing Diners club market already existing in Korea. Threat ? Existing companies experiencing huge financial losses and labor problems. Positioning the Card Positioning the Citi Silver ? Positioning the Citi Gold Target market to be Upper Middle and High income population. ? Premium features with attractive offers on Air Travel and Shopping available with a high credit limit. A separate relationship manager to tackle customer issues. ? Target market to be Lower and Middle income population. ? Standard features of shopping and a lower credit limit. ? Customer care to take care of customer issues. Customer Acquisition Cost Infra, S/W Development, Cost/Card of mailing, Total Cost incurred correspondence, in acquiring 1 mio Advertising Cust Support, Merchant Cost/ Customers Costs/Country Liaison Total Cost customer direct cost customers 250000 250000 250000 250000 1600000 35000000 12000000 12000000 12000000 36600000 12000000 12000000 12000000 72600000 146. 48 48 48 72. 6 6000000 78600000 Income from Card Holders Citi Silver Card % customers 70% Citi Gold Card 30% 32 9600000 40 12000000 33000000 60100000 27100000 Joining fee 25 Total Joining fee 17500000 Annual fee 30 Total annual fee 21000000 Grand total Break Even No. of Years Total Cost —————-Total Income = No. of years for Break Even 78600000 —————-60100000 = 1. 3 years ? For reaching the break even it will take approx 1. 3 years for any country. Recommendations Countries to ENTER ? Singapore ? Malaysia ? Philippines ? Thailand ? Hong Kong ? Australia Countries NOT TO ENTER ? India ? Indonesia ? Taiwan ? Korea Recommendations Citibank should focus on Acquisition of a local Bank. ? There should be very minimal or low joining fee and a moderate Annual fee charged. ? The Bank should keep local currency as the currency of exchange. ? There should be a central as well as a local data processing system. ?

Trends in Communication Technology

TechnoloCharlotte Cole XCOM 285 November 23, 2012 Technology Trendy Communication Technology changes constantly and it may be difficult for businesses to always be able to keep up with the new technological trends that arise. Many companies do what they are able to and try to use technology as much as they can to promote their business and communicate with their current and potential customers.In today’s technological world we have the internet, cellphones, and social media to communicate with customers in addition to the old fashion way of commercial and other ads. Many businesses use Facebook and Twitter to promote their business because they are and the only cost involved (if you do not work on these accounts yourself) would be the manpower to keep these pages up-to-date. Cell phones are another way to communicate with customers but sending out mass text messages and coupons that can be used; I am not sure what cost is involved with this method.I do see many businesses use social media and other forms, but the larger companies seem to take advantage of technology the most. Keeping up-to-date websites is extremely important, but again this can be costly due to hiring someone to keep the site up and time consuming. My company is having a problem with this, which I feel affects our business because I daily have to contact customers with corrections on designs and colors of our products.I see there is a cost in using some of the different methods, such as running a banner on specific websites, having your own website or having your business website appears on Google, so this may limit many smaller businesses from using technology as much as they would like to. I do think that businesses use technology as much as they can and try to constantly look into new ways to promote.

Writing content with clout - Emphasis

Writing content with clout Writing content with clout Ever seen the TV game show Supermarket Sweep? The premise is pretty simple. After answering a series of questions, the contestants are instructed to find certain groceries in the supermarket. Not surprisingly, no-one methodically paces through the aisles. With the clock ticking, they race around frantically searching for visual clues that point to their prized items. Browsing the internet is much the same. Studies have shown that we adopt the same search and seize approach when looking for information online. In fact, only one in six people actually read websites sentence by sentence. Instead, most people scan the text for keywords, bullet points and subheadings. Some studies have even shown that people read only the first two words of headlines before losing interest. And its generally a given that you only have a maximum of 10 seconds to impress your readers before they click to another page or site. The key is to make your writing as direct as possible. As any Twitter fan will know, if you cant say it in 140 characters or less, it simply isnt worth saying. Apply that principle to all your web-based writing and youll be onto a winner. Thats not to say that you cant elaborate on points, make explanations and create coherent arguments. Its just that long rambling sentences are best left to novelists or poets. When it comes to the web, short and sweet is best. Prune through your writing and cut out any meaningless words. And rearrange your sentences so that theyre as punchy as possible. The tips below will help you to create a high-impact writing style A clear focus Know your audience. Ask yourself who youre writing for and what information they want to read. Then focus on one main message per web page. If youre not sure what your main message is, write down the headings who?, what?, where?, when? and why? Then brainstorm your ideas to help clarify your thoughts. Create powerful sentences by speaking directly to the reader. Use words such as you, we, us and our. And use the active voice as much as possible. For instance, we formed the company in 1999 is far more effective than the company was formed in 1999. Ready, aim, fire! Break up the information into digestible chunks and keep your paragraphs short. Use subheads and make sure that, when combined, they tell the story of your article. Bullet points are also a great tool to use when writing for the web. Remember that bullet lists always need an introduction (like this one). They are good for: conveying key information breaking down complex lists summarising main points instructions (especially if numbered). The advantage of using bullet points is that they: make lists clearer, as they are more visual use white space well grab attention help readers scan information reduce word count. Create a call to action By their very nature, websites are interactive. A static site that doesnt involve its readers is like an out-of-date concert poster. Keep inviting your readers to contact you or click other internal links for more information. Try to anticipate your readers needs and then give them what they want. You cant stop them jumping around searching for keywords. But if you give them something of value, you can help them to stick with your website for longer. Remember, be bold with what youre offering and dont be afraid to shout out your content. Give your readers the satisfaction of finding the prized information instantly. The secret is to rig the game so that they win every time. Robert Ashton is the Chief Executive of Emphasis.

The Verb To Twit

The Verb To Twit The Verb â€Å"To Twit† The Verb â€Å"To Twit† By Maeve Maddox Sometimes being ignorant is not such a bad thing. As widely as I read in all kinds of sources, I was ignorant of what has happened to the verb twit. I knew that it was old-fashioned of me to use it as a synonym for tease, but I like the word. I’d no inkling of the other meanings that are out there. For example, some speakers assign sexual connotations to the word. (I’m not even going there in this post.) The verb twit comes from Old English atwite, â€Å"to blame, to reproach.† It used to be spelled twite and was pronounced with a long i. It has lost the final e and is now pronounced with a short i. The unabridged online OED I use gives this as the first definition: twit transitive verb: To blame, find fault with, censure, reproach, upbraid (a person), especially in a light or annoying way; to cast an imputation upon; to taunt. The OED app on my phone gives this definition: twit (twits, twitting, twitted) verb: tease or taunt (someone), especially in a good-humoured way. The first definition given in Merriam-Webster is â€Å"to subject to ridicule or reproach.† In my Web searches, I did find examples of twit used in the sense of ridicule, but I must admit that most of them date from the nineteenth or early twentieth centuries. The modern examples I found tend to be from countries other than the United States. Enter Twitter. Created in 2006, the social media site Twitter has altered the use of twit in all its forms in the minds of millions. As far as I knew, the verb for publishing a message via Twitter is â€Å"to tweet,† and such a message is called â€Å"a tweet.† However, in my search for examples of twit used in the sense of tease or taunt, I discovered numerous examples of twit being used like tweet in the context of posting a message on Twitter: Elon Musk  twitted that  the smaller and lower costing sedan will start production in about 2 years, but not before debuting in March 2016. However, Saraki on his twitter handle later  twitted, I can now confirm that I just received the list of ministerial nominees. A third-party developer, Steve Stroughton-Smith,  twitted that  Bugdom 2 is one of the first 3DTV-enabled titles to enter the new tvOS AppStore. Send a Twit and receive a coupon. Prime Minister David Cameron  posted a twit, in which he condemned the  attack. I have never met Stella Paul in person. But I have read her write-ups and her twits and they have kindled a light in me to do something for my own country.   This use of twit for tweet is twitted by many Twitter users, but there’s already a new social media platform that has adopted the name Stocktwits. Another meaning of twit as a noun is â€Å"a fool; a stupid or ineffectual person.† Writers who know this definition as well as the â€Å"taunt† meaning play on the words to produce punning humor: A few days ago, former Gov. Sarah Palin (R-Alaska) took to  Twitter, and twitted  Barack Obama once again. I resigned because Twitter is making such twits of politicians. Poisoning  political  dialogue: the  twits  who  tweet  in whispers Want to improve your English in five minutes a day? Get a subscription and start receiving our writing tips and exercises daily! Keep learning! Browse the Vocabulary category, check our popular posts, or choose a related post below:Masters Degree or Master's Degree?Expanded and Extended10 Varieties of Syntax to Improve Your Writing

Journal about working people Coursework Example | Topics and Well Written Essays - 250 words - 1

Journal about working people - Coursework Example Burnout is associated with increased risk for development of cardiovascular disease. It is therefore particularly important to check the level stress among employed people. Employees can begin by determining whether they suffer from burnout or not. This can be through an assessment of mental and physical conditions of welfare i.e. anxiety, headaches etc. individuals can also prevent stress by first appreciating that this are tough economic times, change expectations and taking time to exercise. In cases where burnout is already present; employees could reverse the situation by striking a balance work and personal life. Meditating also helps lower the amount of stress hormones being released by our bodies. Also connecting with others and sharing experiences is important in managing stress. For managers, trying to let people work on their own, concentrating less on business targets and having other people know that they are valued will help reduce stress levels. In conclusion therefore the modern workplace is a major source of stress and stressful lives can result into medical conditions such cardiovascular disease, impotence and many others. It is important therefore for individuals to accept the conditions as they are, change their expectations worry less about their jobs. Employers should also motivate employees and take care of their psychological needs to increase

Impact of One Child Policy for Chinese Society Research Paper

Impact of One Child Policy for Chinese Society - Research Paper Example This is due to the forced abortions and sterilizations in China. Moreover, the neglect and abandonment of a girl child in China has caused sharp criticisms against this policy. More significant is the fact that China’s one-child-per-couple policy has been included in the country’s legislation on demographic strategy (Chen 74). This research paper gives a critical analysis and discussion of China’s one-child-per-couple policy with a view of demonstrating its impact on the Chinese society. The background to this policy, conflicts arising out of it and the awareness of the generation on this policy and its impacts are also presented within the paper. Background of the Policy The idea of birth control was introduced in China in the 1950s by a group of various non party intellectuals. This idea is argued to be the origin of China’s one child policy. In the book, The New Population Theory, Professor Yinchu Ma in 1957 argued that the control of the population wou ld be the solution to the problems in child and maternal health. Professor Yinchu Ma also pointed out that the regulation of population growth will reduce the mortality rates within the society. The initial years of the Chinese New Republic was characterized by leaders who revealed support for the control of population growth. This is because leaders in the government attributed the country’s rapid growth of its population as a threat to its food surplus and economic growth (Waldmeir 1). Birth control began to be popularized, especially in the densely populated parts of China. Moreover, propaganda was included in the desire for birth control and reduction of population growth rate. This is demonstrated by the campaigns in the 1960s which popularized and promoted two child family and late marriage (Li, Junjian and Junsen 1535). The birth control policy in China grew from the voluntary birth control programs which were promoted by various social campaigns. Later, the control of population became a state based affair (McLoughlin 305). This was motivated by the rapid rise in the Chinese population, especially in the 1970s, when the additional 250 million people were registered within China. The state governed birth control began as an extension of abortion and contraceptive services to China’s rural areas. This extended into glorification long intervals between child birth, smaller families and later marriages (Chow, Esther and Zhao 37). These campaigns and programs yielded fruits in 1975 when the fertility rate in the rural and urban communities fell below 4% and 1.8% respectively (Yang 320). Nonetheless, the government officials depicted that further growth of the population was inherently inevitable. This is due to the fact that about half of the Chinese society was below the age of 21 years. This was affirmed by the 1982 census which disclosed a 1 billion growth in the Chinese population (Chen 75). Officials predicted that if the trend of populat ion growth persisted, the Chinese population would exceed 1.4 billion people in the turn of the century (McLoughlin 307). The rapid growth of the population was now seen as an apparent thereat to China’s ambitions and strategic plans for economic growth and modernization. As a result of this, in 1979, the one child policy emerged in China. This policy was announced officially in 1980 by the

How to implement a dual language program in an established elementary Dissertation

How to implement a dual language program in an established elementary public school - Dissertation Example However, a person is not born speaking a language, it is learned and through a learning process that starts at the time of birth (Fielding, 2009). In reference to the work done by linguist Noam Chomsky, Mason describes language to be a â€Å"specific skill†. Elaborating on Chomsky’s description of language as an inherent faculty, Mason in his lecture â€Å"Learning Language† said that man was born with a set of rules related to language in his head and he called these set of rules â€Å"Universal Grammar† (Learning Language, n.d.). Acquiring the First Language Children show a natural tendency towards language acquisition. Language acquisition occurs through the numerous experiences of everyday life (Northwest Regional Educational Laboratory, n.d). Acquiring language without any systematic effort is called first language acquisition. Language acquisition takes place during conversation; when adults talk, children respond and thus grasp the basics of a langu age being spoken (Moloney, 2007). The pattern of interaction between parents and children may differ with cultures but the rate at which the children develop as language users remains the same throughout the world (Clark, n.d). Children learn the language they are exposed to (Garcia, 2009). Every child learns the first language without the need of any formal lessons (Pinker, 1995). Clark has described language acquisition among children as a part of the overall physical, social and cognitive development of a child. In Clark’s opinion, children between ages 2 and 6 can rapidly acquire a language and mostly by the time they turn 6, they are proficient language users. Although a lot has been said and written about the development of language in a child, a great deal remains to be explored. The language of a child is a constantly developing process which undergoes many changes. The children seem to acquire the first language quickly, early and with few mistakes (Linden, 2008). A child’s experience with language and his interaction with others teach him the sound-meaning relationship and help him comprehend the purpose it represents. Although the rate at which children acquire first language skills may differ, there is little difference in the pattern of development between the languages (Clark, n.d) According to Clark children acquire communicative competency naturally and inherently, and then develop an understanding of the grammatical rules of the language. The structure of the language develops with thinking abilities and social interactions of the child. As the language skills develop, children become conscious of the social situations around them and learn to think and behave accordingly (Pinker, 1995). Second Language Acquisition Stephen Krashen (2009), a well known linguist identified the difference between learning and acquisition. In his theory of the second language acquisition, Krashen defined acquisition as a subconscious and instinctive process of constructing the structure of a language quite similar to the way a child picks up his first language (Krashen, 2009). Learning on the other hand is a conscious process based on formal instruction and involves conscious learning of a language (Schutz, 2007). Krashen (2009) has described learning as â€Å"less important than acquisition†

Budget and sponsorship Assignment Example | Topics and Well Written Essays - 250 words

Budget and sponsorship - Assignment Example Manchester United is one of the most famous world’s soccer teams. Established in 1878 in Manchester, it has found it ways to stock market in 1991. It chief source of revenue originates from sponsorship agreement that amounts to 31.4 % of the total revenue (Statista, 2015). Some of the Manchester United sponsors include ION, AIG, Chevrolet and Adidas. This is done by placing the logos of the sponsors on the sporting clothes. The second largest source of income for Manchester United is revenue obtained from broadcasting deals Manchester United signs with the Internet and cable companies as MUTV and BSkyB. The broadcasting revenue amounts to 31. 3 % of the total revenue. Thirdly, the primary source of income comes from match day revenue that amounts to 25% of the total revenue (Statista, 2015). The club expenditure mainly comes from money used to service contracts that the company has entered with the players they have signed. Besides, there is the recurrent expenditures such as payment of staffs and maintenance of the assets owned by the club (Garcia†del†Barrio & Pujol, 2009). In case of writing a proposal, the key aspects that should be included are how the sponsors will benefit from the investment they have made through sponsoring the club. Statista. (2015, June 23). Total revenue of Manchester United from 2005/06 to 2013/14 (in million euros). Retrieved from The Statistic Portal:

Effects of the Westward Expansion of the Colonies of the United States Essay

Effects of the Westward Expansion of the Colonies of the United States - Essay Example Gradually the Americans moved far into the west in search of fertile lands irrespective of being converts to Christianity or having religious freedom. They even began trading with the Indians, which led to several treaties with them. Inspite of these peace treaties war continued as the Indians hardly assumed to be bounded to treaties and the US government was loyal to its duty of protecting the movement towards the west. In 1848 San Francisco was a small region, which grew into a big city based on rapid commercialization, and industrialization while the mining industry became popularized. The move towards the west was initiated owing to a search for new and better opportunities in terms of land for farming and jobs to survive. The Midwest became the attractive zone for the settlers and the industrial revolution encouraged commercialization. The proprietors of the lands began to promote their commodities by proving adequate connectivity with the east. As the forest areas became reduce d in the east during 1849 the lumber industry moved westwards to Michigan and Minnesota. This would ensure they were not moving away from civilization. Again, the professions gradually shifted from farming to other activities like lumbering and mining. Industrial revolution brought about machineries, which saved labor, and farming became smoother.

Assignment Example | Topics and Well Written Essays - 500 words - 164

Assignment Example The value is to be recorded as $215,000 on the debit side, whereas $90,000 is to be credited. According to Jivraj, the customized computer should have been recorded as a miscellaneous expense, but the product, whether with resale value or not is an asset and thus a crediting of the assets account (computers) should have been emphasized by Juma. Additionally, depreciation was to be recorded by division of the total value by six years, as a straight line method was used to evaluate the value of the transaction. The value of the building should not be recorded both in terms of lower costs and fair value, but rather should be recorded as appreciation or depreciation in the capital gains account. Juma and Jivraj have widely varying ways to record these transactions. The transaction does not involve the exchange of cash and thus should not be recorded as three separate expenses which will be credited thrice. However, the total value is to be recorded in both accounts as $60,000. It can only be recorded in the accounts receivable accounts. Additionally, the amount should not be recorded as an amount received as Jivraj proposes, but rather a different approach should be recorded, such as the inclusion of the expense and recording it in the accounts payable as well. The written sales order should not be recorded according to Juma because there has been no exchange of cash. However, this transaction can be recorded as inventory for the computers. However, another approach that can be used is recording these transactions in the accounts receivables bracket. The main reason this is the case is due to the fact that the amount of cash has not exchanged hands and Jivraj records the amount as if it has already

Budget and sponsorship Assignment Example | Topics and Well Written Essays - 250 words

Budget and sponsorship - Assignment Example Manchester United is one of the most famous world’s soccer teams. Established in 1878 in Manchester, it has found it ways to stock market in 1991. It chief source of revenue originates from sponsorship agreement that amounts to 31.4 % of the total revenue (Statista, 2015). Some of the Manchester United sponsors include ION, AIG, Chevrolet and Adidas. This is done by placing the logos of the sponsors on the sporting clothes. The second largest source of income for Manchester United is revenue obtained from broadcasting deals Manchester United signs with the Internet and cable companies as MUTV and BSkyB. The broadcasting revenue amounts to 31. 3 % of the total revenue. Thirdly, the primary source of income comes from match day revenue that amounts to 25% of the total revenue (Statista, 2015). The club expenditure mainly comes from money used to service contracts that the company has entered with the players they have signed. Besides, there is the recurrent expenditures such as payment of staffs and maintenance of the assets owned by the club (Garcia†del†Barrio & Pujol, 2009). In case of writing a proposal, the key aspects that should be included are how the sponsors will benefit from the investment they have made through sponsoring the club. Statista. (2015, June 23). Total revenue of Manchester United from 2005/06 to 2013/14 (in million euros). Retrieved from The Statistic Portal:

Assignment Example | Topics and Well Written Essays - 500 words - 164

Assignment Example The value is to be recorded as $215,000 on the debit side, whereas $90,000 is to be credited. According to Jivraj, the customized computer should have been recorded as a miscellaneous expense, but the product, whether with resale value or not is an asset and thus a crediting of the assets account (computers) should have been emphasized by Juma. Additionally, depreciation was to be recorded by division of the total value by six years, as a straight line method was used to evaluate the value of the transaction. The value of the building should not be recorded both in terms of lower costs and fair value, but rather should be recorded as appreciation or depreciation in the capital gains account. Juma and Jivraj have widely varying ways to record these transactions. The transaction does not involve the exchange of cash and thus should not be recorded as three separate expenses which will be credited thrice. However, the total value is to be recorded in both accounts as $60,000. It can only be recorded in the accounts receivable accounts. Additionally, the amount should not be recorded as an amount received as Jivraj proposes, but rather a different approach should be recorded, such as the inclusion of the expense and recording it in the accounts payable as well. The written sales order should not be recorded according to Juma because there has been no exchange of cash. However, this transaction can be recorded as inventory for the computers. However, another approach that can be used is recording these transactions in the accounts receivables bracket. The main reason this is the case is due to the fact that the amount of cash has not exchanged hands and Jivraj records the amount as if it has already

The Power of Selfishness Essay Example for Free

The Power of Selfishness Essay Literature overflows with references and symbols that correlate to teachings of many different subjects. Many authors design characters who, for some unknown reason, feel they cannot control their own selfish motives. The system of egoism defines itself as the ethical system that places needs of oneself above and before those of others. Incorporated into this system, the more explicit views of the psychological egoist arise. The psychological egoist firmly believes that he holds no power over his selfish motives; humans innately strive to maintain what proves best for themselves over any others needs. This situation becomes evident in Shakespeares Macbeth as Macbeth allows his vaulting ambition to overpower his best judgment. While Macbeths questions his actions towards the beginning of the play, his true character surfaces as we see the transformation from a discerning war hero to a monstrous, uncontrollable murderer. Because Shakespeare chooses to slowly reveal Macbeths faults, the reader initially falls into the perception of Macbeths nobility and control over his own desires. The reader first meets Macbeth as he rides in from a successful battle in which he decimated Scotlands foe led by Macdonwald. Like the reader, Macbeths peers also trust his courage in valor for brave Macbeth- well he deserves that name-/ Disdaining fortune, with his brandished steel, / Which smoked with bloody execution, / Like valors minion carved out his passage/ Till he faced the slave(I.ii.16-20). Even the king resounds Macbeth as a valiant cousin, worthy gentleman, a gesture that portrays trickles of irony, as this valiant cousin would soon become his gruesome murderer. These bold and proud portrayals of Macbeth are implemented to confuse the reader, to skew his belief in Macbeths ability to kill a friend, to hide Macbeths uncontrollable secret desire to assume the throne of Scotland. Shakespeare quickly reveals Macbeths ambition for the throne as he portrays an inquisitive Macbeth, careful not to promulgate his excitement for the three witches prophesy. Macbeth snaps to the hags, Stay, you imperfect speakers, tell me more! / Speak I charge you (I.iii.70-78). The quick reaction to the witches prophesy of his kingship flags the reader to notice Macbeths instantaneous and uncontrollable interest in the prospect of overthrowing Duncan. The uncontrollable urge for self-advancement over others well being closely follows the Catholic Social Teaching of the psychological egoists inextinguishable desire to trump the success of others and attain fame and glory. Thinking through the requirements and consequences of his kingship, Macbeth slowly settles away from the idea of murdering the honorable Duncan, a withdrawal which sets the reader astray from the prospect of Macbeths desire to advance at any cost. As he arrives back to his castle, Lady Macbeth meets him with a rampant frenzy, questions him about what it will take to propel her to the position of queen, and implores him to consider the simple murder of Duncan to grasp her such happiness as well as seal their marriages happiness. Like Macbeth, Lady Macbeth keeps captive the same uncontrollable desire that defines a psychological egoist; however, she chooses to play into Macbeths fears and emotions to achieve her goal rather than following through herself. Lady Macbeth and Macbeth clearly know what they want and submit to any means necessary in order to achieve their goal. They plan to greet Duncan as he arrives at Macbeths castle [looking] like the time, [bearing] welcome in [their] eyes, / [their] hands, [their] tongue. Look like the innocent flower, / but be the serpent under it(I.v.64-66). The now assured murder of Duncan slowly assimilates into a passionate war to achieve their desires at cost to any others, even Lady Macbeths desires trump those of her husband in her mind. The selfish mood throughout the play seems to give warning to not only selfish ideas and selfish motives, but to societys ability as a whole to quell these undying desires, to allow these dangerous ideas to subside, and to realize the need for intervention long before ones ambition grows to large to control. Egoism has been widely criticized as subverting attempts to live together as a whole, a criticism which further magnifies the potency of danger that Macbeths ambitions hold. Macbeths ability to act upon his ambition remained unclear for a large part of the play; however, once he committed the initial murder of Duncan, Macbeths will to remove anything that threatened his success became clear; his willingness to kill further emboldened the correlation of him as an egoist. Quickly becoming suspicious of the beliefs of those around him, Macbeth moves to kill Banquo, his closest friend and ally until this point. As Banquo clearly dictates his unwillingness to support Macbeth in his nefarious deeds, Macbeth decides to call upon a group of murders to remove the threat of not only Banquo, but of his son Fleance, who was prophesized to be king. In fact, Macbeth believes every minute of [Banquos] being thrusts/ Against [his] nearest of life (III.i.118-119). The small statement illuminates the potency of Macbeths insanity; his closest friends have now become his strongest enemies. Because of this transformation from friend to foe, Banquo becomes a victim of Macbeths ambition, becomes a symbol of pain caused by the incessant lust for power, becomes a rock from which those like Malcolm and MacDuff launch themselves from in order to overthrow the lost, poisoned mind of Macbeth. Macbeth, his mind racked from the ominous apparitions of his demise, soon learns of MacDuffs flight to England, an action which he uses to justify the murder of many more innocent citizens who, in Macbeths eyes, threaten his very existence and success as king. Pacing in his castle, attempting to discern his best plan for retaliation against MacDuff, Macbeth reveals his desire to seize upon Fife, give to the edge of the sword/ [MacDuffs] wife, his babes, and all the unfortunate souls/ that trace him in his line (IV.ii.151-152). Resorting to rampant murders of noble kin, Macbeth cries out his unnecessary and undeserved desire to eliminate all of those who renounce his right to the throne. Macbeth abnegates all guilt in these times of passion and anger that frequently overpower his no longer existent common sense and discernment. Like the egoist, Macbeth chooses to not only act out of selfish measures, but proclaims that his actions are not of his control, but rather, a direct cause of his own inevitable drive towards success and power. Even as Malcolm misleads MacDuff about his own vices and shortfalls as a leader, MacDuff feels that the vulture in [Malcolm] to devour so many/as the will to greatness dedicate themselves (IV.iii.75-76) cannot exist as it does in Macbeth. MacDuffs belief that Macbeth defines the ultimate evil as a leader as well as his inclusion of Macbeths inexorable will to greatness further corroborates the correlation between a stereotypical psychological egoist and Macbeth. MacDuff describes Macbeths inextinguishable will as the catalyst for Scotlands demise as well as an innate feature that Macbeth contains; Macbeth could never abdicate the throne without force due to his great desire to achieve success for only himself. Eventually, Macbeth realizes his crimes and missteps as king, but still refuses to step away from the unnecessary dismantlement of families who pose a threat to his power. Upon killing young Siward, Macbeth rejoices that no man of woman born can touch him; Siward, who fathered young Siward, similarly rejoices his sons death fighting the ultimate tyrant of their age. As the tyrant Macbeth nears his end, MacDuff enters the castle as the one of all men else who Macbeth has avoided. Knowing his death to arrive by MacDuffs sword, Macbeth fights on with a soul too much charged/ with blood of [MacDuff] already. (V.viii.4-5) His bold disregard for his own life reveals the misconception and ignorance he holds of his own life; Macbeth once again allows himself to be consumed with passion, passion which drives him to his inevitable demise. Society today regards Macbeth as a product of fear and paranoia coupled with a desire for power that is so strong that any means to achieve that power would be taken in order to attain that goal. We see many like Macbeth even today. Like Macbeth, Richard Nixon was a wildly popular figure in United States politics, winning his elections with over 60% of the popular vote. Seeing his own success and desiring so much more, he allowed his paranoia to take hold of him and cheated his way to a second term by bugging the Democratic offices. Many historians believe that this move proved to be completely unnecessary; his popularity already had been sealed with the people. Having followed through with his quest for power, his obsession caused him to inevitably resign from office. Macbeth portrayed many similar characteristics as Richard Nixon. His popularity greatly stood above his peers around him, however; he chooses to instead tear apart a kingdom for his success, a success that likely would have brought him to power anyways. Shakespeare along with history teaches us the power ambition holds over us, the importance of containing that ambition, only searching for what we can do to improve ourselves without harming others. The egoist commonly addresses the criticisms regarding his lust for power as shallow and full of fear, much like Macbeth addresses those who attempt to quell his vaulting ambition. The quest for power controls so many in the world today, but it eventually leads these people to failure much like Macbeths, failure much like Nixons, failure to keep hold of power, failure to sustain a valuable life.

Marketing Strategies And The Positioning Of Hotels Tourism Essay

Marketing Strategies And The Positioning Of Hotels Tourism Essay A hotels positioning is a crucial determinant in developing its subsequent marketing strategies. Incorrect hotel positioning will lead to an unclear vision of the hotels development and eventually affect the profitability of the hotel (Ransley Ingram 2004, p.37). Our hotel has been positioned as a 3.5 start hotel that sits in the middle of the competition. This is a very strategic approach for our hotel to proceed with as it allows us to target upper-end of the market since our hotel has the resource and capability to do so and simultaneously attract other markets segments such as leisure and family holiday makers since our price and products are very competitive compared to other hotels in the same category. Hotels targeted market segments: Corporate Our hotel will continue to set company executives and business travellers as our priority of focus, since this market segment has always been a major proportion of the hotels business in terms of the number of rooms sold and incomes from the room sales. This market segment would also bring additional revenue to the hotel such as onsite dinning and purchase of other facilities. Therefore, meeting, business and conference related facilities needs to be developed to meet these customers needs. Leisure The city which our hotel is suited in is a destination of family and leisure vacations and our hotels location itself imposes a unique marketing advantage as it is located on the seafront and close to the main shopping centres. Therefore, with the competitive marketing advantage, if we could offer a mix of quality products and services, in fact, all of our hotels guests rooms are able to accommodate families and other services such as Pub and full service restaurant are integrated to deliver a desired level of convenience. Scale of economy is another critical element that attracts leisure and family holiday makers, however, simply reduce our room rate is not a strategic action to take. Therefore, special discount can be allowed for weekdays bookings in order to maintain the level of room occupancy rates and design various packages for the weekend in order to improve the sales of FB facilities. Tour Tourism has boomed in this region, there are various venues take place in the city throughout the year. This induces a great opportunity to improve our room occupancy rate and ultimately to increase our overall profitability. As tourists have similar features with leisure and family holiday makers in terms of scale of economy and convenience of hotels location. Our hotel should come up with different and differentiate packages to suit various venues so that our customers can receive and perceive added values from our hotel. For example, we can assist our customers in booking the tickets for some of venues such as the International Music Festival and International Dance Festival. Internally, we can offer special check-in and check-out channels for group tourists in order to diminish the hassles for them. Additionally, it is essential to have multi-lingual staff at the front desk as we expect group tourists from overseas. Weddings Frankly, we cannot host ant weddings prior to our conference facilities in place. Therefore, at this stage, with the available resources and capacities in terms of our rooms and restaurant, we can arrange Honeymoon specials for the new married couples. Once we obtain any honeymoon bookings, we can pre-decorate the rooms with romantic features and ambiences to provide a physical environment which allow those couples to have intimate times together. Additionally, we can also offer discount for new married couples to have dinner in our restaurant with the menu especially designed for the venue. FB Services It would pose a great impact on the operation of our FB department since the potential resignation of our Head Chef. However, we can take this opportunity to be innovative in terms of turning our restaurant into a completely different concept of dining. Nowadays, FB services are usually seen as an adhering service to the accommodation. However, the potential ability of FB services of generating revenue is significant. Therefore, providing we have sufficient financial founds, we can hire another Head Chef who is innovative in culinary arts and develop our restaurant as a dining destination of the region, it is implementable as the local population of over one million in the city ensures the demands of such service if we operate it successfully. Promotion: Promotion is a very vital element in the marketing mix (4Ps), as in it builds the hotels image and increases the hotels public awareness and helps the hotel to reach more markets (Kotler, Bowen Makens 2006, p.539). Our promotion mix will include a number of media such advertising, hotels website and join in marketing consortiums. Advertising: Our hotel will still adopt some of the traditional media such as newspaper, travelling magazines and advertising campaign on radio. These media can effectively reach a large group of audience even though involves costs and cannot receive instant response on the effectiveness until the guests actually come to our hotel. For that reason alone, our hotel should use on-line social networks such as Facebook and Twitter. These social networks has increasingly become the primary information sources for people especially for Gen Ys whose purchasing power has increased dramatically. The social networks allow us nearly zero-cost and can reach to more potential customers. Hotels website: Hotels website is the first impression we give to our potential guests when they intend to choose us as their hospitality provider. Therefore, a well-established, designed and managed website will effectively promote our hotel to those who are very likely to become our customers. Marketing consortium: Since we are an independent hotel and especially with limited budget, we are in a weak position in competing with those international chains in terms of spending money on marketing and promoting themselves. Therefore, join a marketing consortia is a strategic approach at this stage for our hotel. For example, The Leading Hotels of the world, will give us access to its worldwide reservation centre and they have more than 20 offices in the most important cities and this organization also participate in some of the most popular travel exhibitions and trades shows in the pursuit of promoting its members. However, it charges annual membership fees and additional shares for each room they have generated (The Leading Hotels of the World, 2010). Other marketing related strategies: Converting guests rooms into Conference facilities: Currently our hotel does not gain any business from this market segment due to the lack of conference facilities. Functions and banquets are very profitable to conduct as it requires intensive FB services which can generate significant profits and also impose the potential of room sales and long-term business relationships with the clients. Therefore, the next strategic projection for our hotel is to turn some of rooms into conference facilities (our average room occupancy rate was 20% which means 80% of the room inventory have not been generating profits, and hotel rooms are perishable products). This strategy will require additional financial founds to support, there will be risk involved, but it will be profitable in the long-haul. Merge to gain additional founds: Our hotel can merge with another non-hospitality establishment in order to get additional financial support as we are suffering for lack of funds. Although merge is not as fierce as acquisitions, it still poses a certain degree of risks to the management of the hotel in terms of the absolute authority and power over making business decisions (Beamish 2008, p.288). Budgeting for marketing department: There are two major areas that require enormous funds to complete. Projected Budget for Regency Hotel-Marketing Department Converting rooms into conferences facilities $1.5 million Advertising $2,000 per month Join marketing Consortia $200,000 per year Maintaining Website $1000 per year Labour costs $80,000 per year

Cloning Dialoge :: Argumentative Persuasive Topics

Cloning Dialoge    The setting is a small college's biology class where only three students out of twenty students have come to class because it is the last day before spring break begins. The three students' names are Andy, Kristen, and Eric. Seeing only three students in the class, the professor changes his lecture material into a class discussion involving the recent scientific breakthrough in the field of cloning. During the discussion, the professor explains how the cloning of a sheep named Dolly was done. In addition, the students and the professor share their views on the advantageous and the detrimental side of cloning either humans or animals. Professor: Good morning class! I am sure that you all have heard about the recent scientific discovery in the process of cloning. If not, allow me to fill you in on this current controversial scientific discovery. Last week, a Scottish scientist named Dr. Ian Wilmut from the Roslin Institute in Edinburgh, Scotland, successfully cloned an adult sheep. I said adult sheep because scientists already have the ability to clone sheep and calves, for farming purposes, from undifferentiated embryonic cells. Is there any questions so far? Kristen: Um, yes, professor. Would you please elaborate on the term undifferentiated cell? Also, the word cloning sounds like something you would hear from science fiction movies or novels--isn't the cloning process very complicated? Professor: To answer your first question, Kristen, an undifferentiated cell is a cell that has the ability to create other specific cells, such as skin, hair, brain, and muscles, as it activates certain genes on chromosomes. For your second question, the concept of cloning is really not that complicated to understand. Allow me to explain as I split Dr. Wilmut's cloning process into three steps. During the first step, udder cells from a six-year-old Finn Dorset ewe were taken and placed into a culture dish. The culture dish, containing low levels of nutrients, starved the cells, causing them to stop their dividing and hibernate its active genes. Meanwhile, the nucleus with its DNA from an unfertilized egg--also called an oocyte--taken from a Scottish Blackface ewe, is sucked out with a hair thin pipette, leaving the empty egg with all its cellular tools needed to produce an embryo. By the way, this process is called the nuclear transfer. Okay, now onto the second step; the egg cell an d a donor cell are placed next to each other and fused together, like soap bubbles, by an electric pulse.

The Traitor :: Star Trek Essays Papers

The Traitor Despite the episode's title, The Defector is a story about a traitor. I can not agree that Admiral Jarok is any way but parenthetically defecting to the Federation -- he demonstrates love for his country and his people on several occasions. Instead I feel that he is a reluctant traitor motivated by personal rather than political reasons. The difference between the terms is subtle, but important: the term 'defector' should not imply traitorous crime, nor should the term 'traitor' imply defection. The term 'defector' is used to describe a person who has joined another country for ideological reasons. Defection is a political term and is only used to describe knowing and voluntary relocation due to ideological motivations. Someone's ideology is their overall view of or attitude toward life: their outlook, credo, or philosophy. (Nisus Dictionary.) A group of Zendik socialists, for example, defect from the United States when they move to Canada in protest against the market economy. A traitor, on the other hand, actively and knowingly participates in a decision or event that will harm his or her country. There are two important differences between these terms. First, the definition of traitor is non-specific when it comes to motivation. A traitor might betray his country for money, for love, for fame, or, certainly but not necessarily, for ideological reasons. Second, a defector is explicitly choosing to change geographical location in harmony with his ideals. The definition of a traitor does not include any reference to location, although a traitor may be exiled or he may -- additionally -- defect. (Kidder.) Since a defector is motivated by his ideology -- that is, an intellectual apprehension of his concepts of Right and Wrong -- his rejection of his country is both fundamental (starting at the most basic levels) and (therefore) complete. This understanding of the term can not include Admiral Jarok. Throughout the episode Jarok expresses love for his country in poignant ways. He shares reminiscent thoughts about Romulan Ale and the Romulan landscape with Data. More importantly he expresses his approval for at least one of the warlike maneuvers of his government. When he is brought into sickbay at the beginning of the episode Dr. Crusher makes obscure references to a previous medical situation following a Romulan military conflict. Obviously angry, Jarok interrupts her to place the blame on the Klingons, a Federation ally. (The Defector.) If Jarok were truly planning to defect it seems reasonable that he would be bitter, cynical, and disapproving of his country, not wistfully longing for it or defending it.

Cost Accounting – Acct 3334 Chapter 9 Solutions

Chapter 9 solutions (P9-28, -29, -40)   9-28 (10 min. ) CDenominator-level problem 1. Budgeted fixed manufacturing overhead costs rates: Budgeted Fixed Budgeted Fixed Denominator Manufacturing Budgeted Manufacturing Level Capacity Overhead per Capacity Overhead CostConceptPeriodLevelRate Theoretical$4, 560, 0003, 600 $ 1, 266. 67Practical4,560,0002,4001,900. 00 Normal4,560,0001,2003,800. 00 Master-budget4,560,0001,4403,166. 67 The rates are different because of varying denominator-level concepts. Theoretical and practical capacity levels are driven by supply-side concepts, i. e. , â€Å"how much can produce? † Normal and master-budget capacity levels are driven by demand-side concepts, i. e. , â€Å"how much can we sell? † (or â€Å"how much should we produce? †) 2. In order to incorporate fixed manufacturing costs into unit product costs, fixed manufacturing costs have to be unitized for inventory costing.Absorption costing is the method used for tax reporting and for financial reporting using generally accepted accounting principles. The choice of a denominator level becomes relevant under absorption costing because fixed costs are accounted for along with variable costs at the individual product level. Variable and throughput costing account for fixed costs as a lump sum, expensed in the period incurred. 3. The variances that arise from use of the theoretical or practical level concepts will signal that there is a divergence between the supply of capacity and the demand for capacity.This is useful input to managers. As a general rule, however, it is important not to place undue reliance on the production volume variance as a measure of the economic costs of unused capacity. 4. Under a cost-based pricing system, the choice of a master-budget level denominator will lead to high prices when demand is low (more fixed costs allocated to the individual product level), further eroding demand; conversely it will lead to low prices when demand is high, forgoing profits.This has been referred to as the downward demand spiral—the continuing reduction in demand that occurs when the prices of competitors are not met and demand drops, resulting in even higher unit costs and even more reluctance to meet the prices of competitors. The positive aspect of the master-budget denominator level is that it indicates the price at which all costs per unit would be recovered to enable the company to make a profit. Master-budget denominator level is also a good benchmark against which to evaluate performance. -40(20 min. )Cost allocation, downward demand spiral. 1. = = Budgeted denominator level=2,920,000 meals WHM is using budgeted usage as its denominator level for calculating the budgeted fixed costs per meal in 2007. 2. Alternative denominator levels include: a. Capacity available. The data in the problem note that the facility can serve 3,650,000 meals a year. With this denominator level, there will be budgeted unused capacity, which could be recorded as a separate line in the cost report for the Santa Monica facility. . Budgeted usage of capacity. With the 2007 budgeted usage of 2,920,000 meals, the fixed costs charge is $1. 80 per meal. The marketplace is signalling that WHM’s own central food-catering facility is not providing value for the costs charged. If Cheung decides to raise prices to recover fixed costs from a declining demand base, he will likely encounter the downward demand spiral: Budgeted Denominator(1)| Variable Cost per Meal(2)| Fixed Cost per Meal$5,256,000 ? 1)(3)| Total Cost per Meal(4)| 3,650,000| $4. 56| $1. 44| $6. 00| 2,920,000| 4. 56| 1. 80| 6. 36| 2,550,000| 4. 56| 2. 06| 6. 62| 2,000,000| 4. 56| 2. 63| 7. 19| Cheung might adopt a contribution margin approach, which means viewing the $4. 56 variable cost as the only per-unit cost and the $5,256,000 as a fixed cost. Alternatively, Cheung could use practical capacity to cost the meals and work to reduce costs of unused capa city. 3. Three factors managers should consider in pricing decisions: a. Customers.Cheung is facing customers who are dissatisfied with both the cost and the quality of the meal service. Three of the 10 hospitals have already elected to use an outside canteen service. b. Competitors. For the three hospitals terminating use of the Santa Monica facility, at least one competitor is more cost-effective. The seven remaining hospitals likely will be very interested in how this competitor performs at the three hospitals. c. Costs. Jenkins should consider ways to reduce both the variable costs per meal and the fixed costs.

Diversion Essay for Possession of Alcohol

How a Criminal Recacord Affects Ones Future A criminal record at any age could severely affect one’s life and future. For example one can lose their job and any opportunities that may present themselves. A criminal offense depending on how serious the charge is they may lose their right to vote for good. If the offender is a minor any opportunities for future education and scholarships are virtually out the window. I understand that what I did could determine the quality of the rest of my life. It could affect my family that I could possibly start in the future; it could destroy my reputation and the trust of my parents.Teenagers can easily fall in with the wrong crowd which is usually why they will start behaving irrationally. The peer pressure and influence of ones self-esteem issues can get one involved with things that one would not usually consider doing ever. As a senior in high school one may think that he or she can party, drink under the age of 21, and other substance s because it is their last year before college and they can smell the freedom. What they are not aware of, like me, that no matter what time in their academic career he or she can get into serious trouble.Getting caught as a minor while applying for college, scholarships, grants, athletic commitments, or military service. Can jeopardize the bright future that they have just a few short months away. At any time a college, job, or scholarship can be revoked. I was stupid and sophomoric to think that I was immune to any of the consequences involved with illegal activities at my age. Also everything I had going for me was put in danger. If there was anything I could say to advise one of my peers that believed he or she could party and drink alcohol under the age would be that it’s not worth it.And that he or she should would be remise if they did not just wait till they were 21. Even if they made it to college, heading down this path becomes increasingly risky because they are no w a legal adult and subject to more serious punishment. A criminal record should best be avoided at any cost, even if it means that you sacrifice all the supposedly â€Å"good times† that other possible offenders believe that they are having. It just not worth the risk. Your whole life is ahead of you; why not wait until you are of legal age.

Car Accident Essay Example for Free (#3)

Car Accident Essay Peter is nice man and a hard worker, but he is careless about his wife and family, his wife Carteria take care all the housework, he has been two month did not go home , he was on a business trip, when he arrived at home, Carteria is not at home , he look at his watch , it is already seven pm, Carteria should be at home with diner really. He makes a phone call to his wife, but no one pick up. He grap a buttle of water sit on sofa turn on the TV wait his wife to come home. he is tired from the work. Eventually he fall in sleep on sofa. When he wake up it already ten am at morning and he realize Carteria has not come home. He start to worry about her, keep calling her but no one pick up the phone. It was never happen befor, he try to find any number relate to Carteria,except her number he can not find anything, all the number are about his work, what is happen to her, he start nerves. He never care about her like that. He just tell himself she is going to be ok, she may just hang out with some friend, and forget about time, because Peter is not with her all the time, maybe she just feel longly sometime. All he has to do just be patience wait. He decide to sit on sofa to release his nerves, at same time he turn on the TV, he peer at photo just on the TV stander, he never know there is a photo. The picture is he and Carteria with lovely smile on the park. A news attract his attention, it is a car accident happen on a few block a way from his home yesterday. â€Å"Oh no no no, not her† Peter say . â€Å"A 42 years old man die in the accident† he shut off the TV and say â€Å"thanks god it is not happen her† he feels so release, he take out photo album and look at it. It remind his good memory with Carteria. He has been long time did not go out with his wife. Now he think about when she come back, he going to have a trip with her. Suddenly the door is open Carteria come back, Peter stand up from sofa and walk to the door, look at her with a happy face, he wants to say happy to see you again, but he does not finish what he say, because Carteria s face looks so sad something bad happen to her and the face can tell she has been cry, the tear still on her eyes. Then Peter just say â€Å"Hi what is happen to you† he does not answer it. She just take off her shoes, â€Å"where have you been ? † Peter say, she does not even look at him and walk straight to the room lock the door. Peter can hear Carteria is crying so hard in the room. Peter has no idear what is going on. He knock the door â€Å"what is happen to you† Peter ask, she does not answer it. Peter sits beside the door, wait when she gets better come out and ask her what happen about her. How long has she cry, peter can not remember Carterian come out ,she still does not talk to peter. She gets in to the car, peter sit beside her. Carteria drive the car. Finally they arrived at a funeral, â€Å"whom funeral is that† say peter. The most of member are his family and friends. When they walk close, Peter shock by the funeral. That is his own funeral, his name on the tombstone. Carteria cry again. Flash back Peter suddenly remember the car accident happen a few blocks a way from his home. It is he on his way go home hit by a car, and Carteria spend all night with him. He does not know she love him so much, but right now he has no chance to love her back. Car Accident. (2016, Dec 14).

Bankruptcy Essay Example | Topics and Well Written Essays - 500 words

Bankruptcy - Essay Example Chapter 7 Bankruptcy is also known as straight bankruptcy in which an individual or a corporation will discharge the filing defaulter in exchange for giving up assets. Therefore, the chapter 7 is legislated specifically for people who cannot afford or who are unable to pay their debt. Accordingly, one chief reason people choose to file chapter 7 is that if one qualifies, he or she can then afford the monthly reimbursement for the items they wish to keep. This is unlike chapter 13 because those who file chapter 7 debtors are often ready to credit score more quickly because they aim to complete bankruptcy suit swiftly (Gambrell & Associates, n.d.). As with Chapter 13 on the other hand, the debtor is demanded to reimburse all or part of his/her debts in terms of reduction of upcoming income within a stipulated period of 3-5 years as per chapter 13 arrangement. Much of the debt that is not reimbursed as set out in the agreement or a plan of reorganization will have to be wiped out or discharged. This is unlike in chapter 7 where bankruptcy does not discharge much of the mortgage, for if debtor desires to keep an item product e.g. an apartment or a car as security for a loan, he is required to prolong these payments. However, under chapter 13, nearly all long-term debts and mortgages have to be paid in their usual monthly reimbursement either during or outside the plan, apart from for the payments that were due ahead of the case filing (Gambrell & Associates, n.d.). Chapter 9 deals with municipalities and a municipal is required to demonstrate its eligibility to be a debtor in pursuant of section 109 (c) and such eligibility to file for chapter 9 is often contested by creditor (s). Such is different with chapter 11 whereby eligibility is never challenged as a party is supposed to be eligible for filing save for insurance companies, stockbrokers, insured banks, and commodity brokers. Another