Legal and regulatory environment that influenced the Internet Essay

The internet is a dynamic field which is a product of several influences, which at times are contradictory. The constitutions of several countries were created before the advent of the internet, the need to create and amend laws and regulations governing the internet have influenced the internet. However, two major issues that have been of legal and regulatory contention are privacy and security; this is because privacy seems to be conversely related with security. The internet has made it possible for detailed personal information to be easily availed and shared, this has however infringed on the personal rights of privacy, according to Frackman, et al. (2002), several acts such as Gramm-Leach-Bliley Act, Children’s Online Privacy Protection Act, Fair Credit Reporting Act and the Federal Trade Commission Act have influenced immensely the internet since firms have to comply with the provisions of the Acts on all the personal information they collect ,and the personal information availed as content in the internet, since availing much information infringes of personal rights . However the issues of electronic commerce, cyber crime, network and state security, intellectual property rights, consumer rights and exchange of credit information have called for sharing of more information on the internet. Laws and regulations, such as Protecting Cyberspace as a National Asset Act of 2010, have called for extensive sharing of personal information on the internet, due to security concerns which in essence contradicts the objective of privacy. The privacy and security legal and regulatory environment have therefore greatly influenced the Internet. Explain how Dell initially used software and the Internet to increase sales and yield cost savings Dell is an international company offering computing services and products. Facing increasing costs in product distribution, the company founded the Integrated Dell Desktop (IDD); this offers simple desktop functionality to sales representatives, who are connected together via the internet. The system offers the clients the possibility of ordering bespoke systems directly from hence eliminating the middle men, therefore saving costs; this has been made possible by the company’s website dell. com and call centres. Dell was able to increase sales due to increased customer satisfaction, as a result of customers having the product of their selection. IDD also saved costs for dell, and improved profit for the company as well as offering competitive strategic advantage since the sales personnel were empowered to get any relevant information , since all the back end systems were integrated. In addition, the company was also to save on personnel costs, costs on offering training to the sales representatives were reduced as well as customers being able to get all the relevant information concerning the products from the website. Moreover, storage costs were reduced since the machines were produced depending on the customers’ customization and shipped to customer. IDD and the internet have therefore contributed to reducing costs and increasing sales at Dell.

Project Management: Resource Considerations Essay

Resources can include people, equipment, machines, tools, facilities, and space. Among the people may be many different types, such as painters, designers, cooks, computer programmers, and assembly workers. The consideration of resources adds another dimension (beyond the element of time) to planning and scheduling. In many projects, the amounts of the various types of resources available to perform the project activities are limited. Several activities may require the same resources at the same time, and there may not be sufficient resources available to satisfy all the demands. If sufficient resources are not available, some activities may have to be rescheduled for a later time when resources are available for them. One way to consider resources is to take them into account when drawing the logical relationships among activities in the network diagram. In addition to showing the technical constraints among activities, the network logic can also take into account resource constraints. The sequence of activities can be drawn to reflect the limited availability of a number of resources. If resources are to be considered in planning, it’s necessary to indicate the amounts and types of resources needed to perform each activity. For this reason, a resource profile is often developed. Resource leveling, or smoothing, is a method for developing a schedule that attempts to minimize the fluctuations in requirements for resources. This method levels the resources so that they are applied as uniformly as possible without extending the project schedule beyond the required completion time. Resource leveling attempts to establish a schedule in which resource use is made as level as possible without extending the project beyond the required completion time. In resource leveling, the required project completion time is fixed, and the resources are varied in an attempt to eliminate fluctuation. Resource-limited scheduling is a method for developing the shortest schedule when the number or amount of available resources is fixed. This method is appropriate when the resources available for the project are limited and these resource limits cannot be exceeded. This method will extend the project completion time if necessary in order to keep within the resource limits. It is an iterative method in which resources are allocated to activities based on the least slack. The steps are repeated until all resource constraints have been satisfied. In resource-limited scheduling, the resources are fixed, and the project completion time is varied in order not to exceed the resource limits. For a large project that requires many different resources, each of which has a different limit of availability, resource-limited scheduling can get very complicated. Various project management software packages are available that will assist with this process. It is the responsibility of the project manager to make sure that the customer is satisfied that the work scope is completed in a quality manner, within budget, and on time. The project manager has primary responsibility for providing leadership in planning, organizing, and controlling the work effort to accomplish the project objective. In terms of planning, the project manager has to clearly define the project objective and reach agreement with the customer on this objective. In terms of organizing, the project manager must secure the appropriate resources to perform the work. In terms of controlling, the project manager needs to track actual progress and compare it with planned progress. The project manager is a key ingredient in the success of a project and needs to possess a set of skills that will help the project team succeed. The project manager should be a good leader who inspires the people assigned to the project to work as a team to implement the plan and achieve the project objective successfully; be committed to the training and development of the people working on the project; be an effective communicator who interacts regularly with the project team, as well as with any subcontractors, the customer, and her or his own company’s upper management; and have good interpersonal skills. It is important that the project manager develop a relationship with each person on the project team and effectively use his or her interpersonal skills to try to influence the thinking and actions of others. An effective project manager can handle stress and has good sense humor. In addition, he or she is a good problem solver. Although it’s easier to identify problems than to solve them, good problem solving starts with the early identification of a problem or potential problem. Good project managers also manage their time well. These essential skills can be developed through experience, by seeking out feedback from others, by conducting a self-evaluation and learning from your own mistakes, by interviewing effective project managers, by participating in training programs, by joining organizations, through reading, and through involvement with volunteer organizations in which all these skills can be tested. Project managers need to be good delegators. Delegation involves empowering the project team to accomplish the expected results for her or his area of responsibility. It’s the act of following individuals to carry out assigned tasks successfully. One other important component of the project manager’s job is managing and controlling changes to minimize any negative impact on the successful accomplishment of the project objective. To do this successfully, the project manager, at the beginning of the project, should establish procedures regarding how changes will be documented and authorized. A team is a group of individuals working interdependently to achieve a common goal. Teamwork is the cooperative effort by members of a team to achieve that common goal. The effectiveness – or lack thereof – of the project team can make the difference between project success and project failure. Project teams evolve through various stages of development. Forming, the initial stage of the team development process, involves the transition from individual to team member. During this stage, individuals on the team begin to get acquainted. During the storming stage, conflict emerges and tension increases. Motivation and morale are low. Members may even resist team formation. However, after struggling through the storming stage, the team moves into the norming stage of development. Relationships among team members and between the team and the project manager have become settled, and interpersonal conflicts have been resolved for the most part. The fourth and final stage of team development and growth is the performing stage. In this stage, the team is highly committed and eager to achieve the project objective. The members feel a sense of unity. Characteristics often associated with effective project teams include a clear understanding of the project objective, clear expectations of each person’s role and responsibilities, a results orientation, a high degree of cooperation and collaboration, and a high level of trust. Barriers to team effectiveness include unclear goals, unclear definition of roles and responsibilities, lack of project structure, lack of commitment poor communication, poor leadership, turnover of project team members, and dysfunct ional behavior. Team building – developing a group of individuals to accomplish the project objective – is an ongoing process. It is the responsibility of both the project manager and the project team. Socializing among team members supports team building. To facilitate socializing, team members can request that they be physically located in one office area for the duration of the project and they can participate in social events. Diversity is about acknowledging, understanding, and valuing differences, and creating a work environment that recognizes, respects, and harnesses differences among team members for the benefits of accomplishing a shared goal, such as the project objective. Diversity of the team brings unique ideas and perspectives to projects. Diversity should be seen and valued by the project team as a strength that can enrich communication, foster better relationships, create an enjoyable workplace, and enhance team performance. Ethical behavior is necessary within a project organization and is crucial in project business relationships with the customer, suppliers and subcontractors. Customers and suppliers want to do business with a contractor or project organization that they can trust. Intentional distortion, deception or misrepresentation is outright unethical. Conflict on projects is inevitable. During a project, conflict can emerge from a variety of situations. Sources of potential conflict on projects include differences of opinion on how the work should be done, how much work should be done, at what level of quality the work should be done, who should be assigned to work on which tasks, the sequence in which the work should be done, how long the work should take, and how much the work should cost. Project communication takes various forms, including personal communication, meetings, presentations, reports, and project documentation. Communication can be face to face or use some medium, including telephones, voice mail, e-mail, videoconferencing, or groupware. It can be formal or informal. Personal communication can be either oral or written. Oral communication can be face to face or via telephone. Information can be communicated in a more accurate and timely manner through oral communication. Such communication provides a forum for discussion, clarification, understanding, and immediate feedback. Listening is an important part of making communication effective. Failure to listen can cause a breakdown in communication. Common barriers to effective listening include pretending to listen, distractions, bias and close-mindedness, impatience, and jumping into conclusions. Listening skills can be improved by focusing on the person talking, engaging in active listening, asking questions, and not interrupting. Project managers and team members are often called on to give formal presentations. In preparing for the presentation, it’s important to determine the purpose of presentation, find out about the target audience, make an outline, develop notes and visual aids, make copies of handout materials, and practice. Written reports are often required during a project. The two most common types of project reports are progress reports and final reports. Progress reports often cover accomplishments since the prior report, the current project status, any potential problems that have been identified and corrective actions that are planned and goals that should be accomplished during the next reporting period. Final reports provide a summary of the project and often include items such as the customer’s original needs, the original project objective and requirements, benefits resulting from the project, a description of the project, and a list of deliverables produced. All reports should be clear and concise and written as you would speak. Chapter 13: Types of Project Organizations The three most common structures used to organize people to work on projects are functional, project, and matrix. These structures are applicable to a large majority of businesses and not-for-profit organizations. The functional organization structure is typically used in business that primarily sells and produces standard products standard products and seldom conducts external projects. The focus is on the technical excellence and cost competitiveness of the company’s products, as well as the importance of each functional component’s contribution of expertise to the company’s products. For projects, a multifunctional project team or task force is forced, with members selected from the appropriate sub functions. In this structure, the project manager does not have complete authority over the project team, because administratively the members still work for their respective functional managers. The project organization structure is used by companies that are working on multiple projects at any one time and do not produce standard products. People are hired to work on a specific project, and each project team is dedicated to only one project. A project-type organization is positioned to be highly responsive to the project objective and customer needs because each project team is strictly dedicated to only one project. The advantages of a functional organizational structure are no duplication of activities and functional excellence. Disadvantages include insularity, slow response time, and lack of customer focus. The project organization structure has control over resources and responsiveness to customers as advantages. The advantages of a matrix organization structure include efficient utilization of resources, functional expertise available to all projects, increased learning and knowledge transfer, improved communication, and customer focus. Its disadvantages are the dual reporting relationships and the need for a balance of power.

Arabian Nights Proposal

Professor Burton Exploring Literature 29 September 2014 The Thousand-and-Third Night's Tale Proposal Main Idea Plants. Vegetation. Trees. Shrubs. Branches. Fruits. Blossoms. Sustenance. Nourishment. Floral serve as the main inspiration for what I wish to write about for this assignment. In The Arabian Nights most of the geography is set in Middle Eastern lands. I took it upon myself to research the green life that is geologically present there and became inspired by what these plants may metaphorically represent.As I studied the information of foliage, it was apparent that I was not the only person interested in utilizing these organisms for storytelling purposes. Many poets and authors have used the plants mentioned below in their works. I also wish to Join this literary group who has extracted inspiration from these terrestrial beings for what may – hopefully – be a decent tale I create. However, it is the plant below that serves as my muse: 1) The Halcyon Persecute a ) Halcyon persecute: A plant that â€Å"has a stout rugged stem and light grey bark, rowing up to 4. -5 meters in height. It lacks large foliage-type leaves; in fact, its leaves have retrogressed as succulent branches. The plant is found in sand hills, deserts and sand ridges, where it often forms pure stands, with an average density up to 400-500 trees a hectare. The white Saul is a hardy tree that can grow in nutritionally poor soil and can tolerate drought. The tree is in leaf all year, and flowers in May-June† (http://en. Wisped. Org/wick/Halcyon_persecute). ) The ententes I highlighted are what first brought my attention to this particular plant. It is not the most physically appealing shrub there is – but being an English student – I have learned to dig deeper beneath the surface of a given topic. In this case, I imagine a tale about a farming community that is facing the ever-growing problem of a growing population. This is not the only situation this mun icipal has to face but it is the most troubling. Their community leader takes it upon himself to make the journey to the Kings palace miles away.The leader instantly notices the major societal differences when he arrives at the Kings palace. The wealthy elite sneer at his agricultural occupation and rustic mannerisms. In total Arabian Nights fashion, the King and his posse learn a thing or two from an unsuspected â€Å"simpleton. † it) The picture to the left speaks of the plants' classifications. I wish to designate the scientific names as labels for the royal families, the kingdom, certain communities, etc. Maybe even for ranks in society†¦ Arabian Nights Proposal By electorate 7

The Importance of Culture in Language Teaching, and the Implications Essay

The Importance of Culture in Language Teaching, and the Implications for the Role of the Teacher - Essay Example Language includes speech, written characters, numerals, symbols, and gestures of nonverbal communication. Language, of course, is not an exclusively human attribute. Even though they are incapable of human speech, primates such as chimpanzees have been able to use symbols to communicate. However, even at their most advanced level, animals operate with essentially a fixed set of signs with fixed meanings. By contrast, humans can manipulate symbols in order to express abstract concepts and rules and to expand human cultures. In contrast to some other elements of culture, language permeates all parts of society. Certain cultural skills, such as cooking or carpentry, can be learned without the use of language through the process of imitation. However, it is impossible to transmit complex legal and religious systems to the next generation by watching to see how they are performed. An individual, for instance, could bang a gavel as a judge does, but one would never be able to understand legal reasoning without language. Therefore, people invariably depend on language for the use and transmission of the rest of a culture. While language is a cultural universal, differences in the use of language are evident around the world. This is the case even when two countries use the same spoken language. For example, an English-speaking person from the United States who is visiting London may be puzzled the first time an English friend says "I'll ring you up." The friend means "I'll call you on the telephone." Similarly, the meanings of nonverbal gestures vary from one culture to another. Whereas residents of the United States commonly use and attach positive meanings t the "thumbs up" gesture, this gesture has... This essay stresses that some teachers and researchers have found it effective to present students with objects or ideas that are specific to the culture of study but are unfamiliar to the students. The students are given clues or background information about the objects and ideas so that they can incorporate the new information into their own worldview. An example might be a cooking utensil. Students would be told that the object is somehow used for cooking, and then they would either research or be informed about how the utensil is used. This could lead into related discussion about foods eaten in the target culture, the geography, growing seasons, and so forth. The students act as anthropologists, exploring and understanding the target culture in relation to their own. In this manner, students achieve a level of empathy, appreciating that the way people do things in their culture has its own coherence. This report makes a conclusion that from the above account of culture and its relationship with language, it becomes easy to understand that culture is the most important element in learning the second language. Language is a tool to communicate with people. When we learn a foreign language, we mean to discover new horizons of culture, ideology and the way of life of the people of target language. Hence, without having good knowledge of their culture, the knowledge of their language seems useless because in the absence of cultural awareness, we cannot communicate with them effectively. That is why the study of the culture into the language teaching is so much imperative.

Analyzing essay Example | Topics and Well Written Essays - 750 words - 1

Analyzing - Essay Example In this article, its author claims that grade inflation is a serious problem; despite this, it is not paid enough attention and almost is not discussed. Therefore, the author chooses to present the overview of both the consequences and causes of grade inflation with the aim to start the discussion of the issue. At first, the author deals with the consequences of grade inflation at different stages of education and presents them in the form of a list. Uva states that even within elementary and high school, the negative influence of this process is visible because putting incorrect marks results in improper placement of students in groups. Consequently, for many of them it is difficult to cope with pressure and they give up learning. If placed in a group they suit, they could achieve better results. In other words, the author’s point is that the roots of grade inflation should be looked for at schools where its negative influence is seen even at elementary level. Also, the author analyses the consequences of inflated grades for colleges, labour market as well as for students themselves. More specifically, Uva traces the progression of inflation as it starts at school and develops up to student’s graduation and job search. The author bases his argument on the statistical data fr om his region where almost a half of seniors graduate with excellent marks, and this makes the colleges increase heir quotas. As a result of exaggerating marks, more deserving students can be rejected. By this, Uva once again highlights the idea that the problem of grade inflation takes it rise from schools. The second main point of the article under consideration is the causes of grade inflation. In particular, Uva analyzes the influence of parents, schools as educational institutions, and teachers and professors as the major catalysts of the development of grade inflation in the country. The author claims

ARE HERBAL REMEDIES SAFE AND EFFECTIVE Research Paper - 1

ARE HERBAL REMEDIES SAFE AND EFFECTIVE - Research Paper Example A herbal remedy that relieves inflammation and pain called Chinese Thunder God Vine weakens the immune system. The remedy is famous in for causing osteoporosis. Most of the herbs are ineffective unless their maintenance is in small quantities such as nutmeg and its cooking properties. When the nutmeg herbal is in large quantities, it cause liver failure and can at times lead to death. Many types of herbal remedies line the shelves of health food stores and pharmacies. Most people consider that any drug having the label â€Å"natural† as effective and safe. Herbal remedies have been in existence for a long time. Some of the remedies, even those carrying the natural label, can have serious and powerful negative drug effects in the body. The FDA regulates herbal supplements though not in the same manner it does with medicine of food. Herbal remedies form part of the dietary supplements. Regulations that apply to dietary supplements are not strict as those of drugs and food. Manufacturers of herbal drugs, for example, do no need the approval of the FDA before availing them to the markets. When the herbal remedy gets to the market, it is the duty of FDA to ensure its safety. FDA, however, lacks the capacity and funding to check the standards of the many new drugs. When FDA finds an herbal remedy that is not safe, it issues some requirements or orders to the distributor or manufacturer to remove it from the market (Harte 2-3). Soy provides dietary phytoestrogens that possess weak estrogenic activities. The soy herb treats menopausal symptoms and reduces the levels of cholesterol in the body. A review on the Soya’s effectiveness was done on nine clinical trials to examine the impacts of increasing dietary soy. Nine more trials were done to determine the efficiency of Soy extracts. The review gave a conclusion that neither Soy extracts nor increased

Estoria de Espana Essay Example | Topics and Well Written Essays - 2000 words

Estoria de Espana - Essay Example Hayden White said the ‘the facts might be truthfully set forth, and the interpretation of them misguided. Or conversely, a given interpretation of events might be suggestive, brilliant, perspicuous, and so on, and still not justified by the facts or square with the story related in the narrative aspect of the discourse.’(White 1987 p.28) When looked at in this light, Rolland Barthes’ statement that historical discourse is essentially a product of ideology. Estoria de Espana, a Spanish historical discourse, reflects the veracity of Barthes’ statement. Alfonso X, also known as El Sabio for the wise, became king of Leon and Castile in the year 1252 until his death in 1284. During his reign he commissioned scholars at the School of Translators to write many works of interest particularly translations of historical works, scientific data and legal cannons. He also commissioned original literary works including the Estoria de Espana which is believed to have commenced in 1260 and was not completed until after Alfonso’s death in 1289. (Weller) The first version of Estora de Espana which was completed in 1270 contained approximately four hundred chapters. The final version approved by Alfonso X contained 612 chapters. (Deyermond, 2001 pp 157-158) The work purports to represent a chronicle of Spanish history from the far reaches of Biblical times to the reign of Alfonso. (Deyermond, 2001) Interspersed in the historical chronology of events are myths as well as legends and historical sources origination from the Greeks. Be that as it may, Estoria de Espana was accepted as the history of Spain until the Modern Age.(Deyermond 2001) Despite the fact that Estoria de Espana purports to be a historical discourse, the sources used in its compilation is evidence easily supportive of Barthes’ contention that a historical discourse is a product of ideology. Even the manner and style of delivery suggest that Barthes is correct. Nancy Joe Dyer

The impact of Sports on Media Research Paper Example | Topics and Well Written Essays - 2500 words

The impact of Sports on Media - Research Paper Example Sporting events are frequently played on the media, and celebrated through advertisements and sponsorship. The way that sports are perceived is also a cultural phenomenon and as such this varies significantly depending on what part of the world is being examined. For example, Britain is well-known for behavior known as soccer hooliganism, which consists of violence occurring between soccer fans (Dunning, 2000). Although violence between fans is observed with other sports, such as the beating of fans (CBS News, 2011) in football (Roberts & Benjamin, 2000), the way that this occurs with soccer fans is unique, and can result in behaviors such as mobs of fans rushing the field (Dunning, 2000). Because of these differences, this paper will focus on the four major sports within North America, hockey, basketball, football and baseball, rather than considering sports globally. Both popular culture and the media are subject to two distinct, contradictory pressures. The first of these is the dissatisfaction with current forms of entertainment, and a desire to find new focuses, or to access a broader market. The second pressure is where people seek out the forms of entertainment that interest them, while avoiding those that do not. Sports have the potential to impact the media in either way. They could act as a unifying force, bringing together people with a wide range of different viewpoints. Alternatively, the media could treat sports as being a niche interest that is only a relatively small number of people care about. The purpose of this essay is to examine what effect sports has on the media, whether the media responses to sports are unifying or diversifying and if this changes depending on the type of sport or sporting event that is being shown. There is a substantial relationship between the media and sports within the United States, and the media has a

Waste Management Reseach Paper Research Example | Topics and Well Written Essays - 750 words

Waste Management Reseach - Research Paper Example The disposal of the petroleum should be done in a way least harmful to the human and natural environment. The price of the property will depend on the level of environmental degradation, therefore, the more the levels of contamination, the lower the price of the property and the other way round. The existing legislation in the state government where the Brownfield is located should be put into consideration, to determine the procedure the voluntary buyer will use in acquiring the property. The client will also need to know the legal issues that may arise from acquiring such a property, therefore, the services of an environmental attorney will be come in handy. The attorney will determine whether, in consideration to the current legislation the activities being conducted on the property are legal or not. This way the reputation of the client will be maintained and any legal issues arising will be anticipated. Before purchasing the property the client needs to get all the permits, lice nses and approvals by the owner of the property, on compliance with state and federal government regarding environmental regulations. The documents should also reflect the right to be in possession of hazardous materials, and the means of disposal. The client should identify the partnerships that they will engage in and what they intend to set up in the site. Some of the property buildings which may not be in such good shape, therefore the voluntary buying party will need to make a decision whether to demolish or renovate them. A review of all the environmental records will be important to determine whether the current holders comply with the set regulations or not. Since the staff and management are not straight forward with their businesses and dealings, the potential buyer will need to use public information on the property. Using the services of the environmental attorney, they should draw up an agreement, to come up with compensation mechanisms, just incase an individual or gro up sues for compensation in future. This may be due to the harm caused by the activities of the premise, before the current owner acquired possession of the property. 2) If your client assumes responsibility for clean up and wants you to head the clean up effort, what are some of your first steps? The voluntary buyer of the parcel of land, together with the buildings, has seen the potential of the property, regardless of the fact that it is contaminated. Clean up exercises when done correctly, have the potential to change the landscape of otherwise unproductive and polluted pieces of property. The benefits of conducting clean up exercises are improved human and environmental health and profit margins to the new developer. - The first step will be acquiring more information on the parcel of land for example tax records and the real owners of the land. This step will be crucial putting into consideration that the management and staff in charge of the project were not so forthcoming wi th details such as existence of petroleum products, something which is very crucial. - The next plan of action will be to sign a contract, which will state clearly the scope of work, important definitions of terms and confidentiality of the terms. This will be important when legal issues arise and one of the parties or a third party decides to go to court. The contract should state clearly how the clean up

Obviously, perpetuation of the species is the key bond between men and Essay

Obviously, perpetuation of the species is the key bond between men and women; however, in this age of greater reproductive freedom is this bond still as preva - Essay Example The entire scenario has undergone a change in perception since World War II, which witnessed gender role changes on a massive scale. So much so that relationship experts now argue that there exists a universal bond between men and women that goes beyond the traditional reproductive roles, however differently or specifically they are construed by differing cultures. The traditional concepts of gender roles arose from an era when men occupied the workplace and women the home, and the only occasion for them to get together was for romance. They now work together, play together and socialize together. Such changes bring the different aspects of a universal bond to the fore, though there are several challenges that such relationships face. Talcott Parson’s model of the nuclear family has compared a traditional view with a more liberal one, even as he continued to support the view that the feminine role was an expressive one, carrying out internal functions while the masculine role was â€Å"instrumental†, focused on external functions. At one extreme, he admits that there are situations when all barriers cease to exist and other bonds do come into play. Hence Parson’s model can be seen as one of the earliest scientific proposals of the theory of a universal bond. In reality, the actual behavior between individuals is most often somewhere in between. (Quotes from Talcott Parsons. Concepts for Sociology). There are several challenges to non-romantic male-female relationships. Don OMeara, Ph.D., at the University of Cincinnati-Raymond Walters College, argues that relationships devoid of lust are genuine, but difficult to identify. Further, the platonic relationship would always be in danger of slipping into a sexual one, posing another challenge. Traditional gender inequalities in how power is wielded do affect the roles even in platonic relationships, causing strains in the universal bond. Since there are more doubters

Merit Pay Essay Example for Free

Merit Pay Essay Merit pay is any salary increase in an employee pay based on the performance of the employee . A bonus is not considered to be merit pay because this is a one time thing and merit pay becomes a part of the employees salary. I think this award is a great idea, this allows the employee to know their efforts of achieving their companys goals has not gone unnoticed. This gives employees the incentive to want to learn more and continue to perform well in order to keep receiving their pay raise. In today’s workplace there are numerous reasons for low productivity. Employee conflicts are one of the main culprits to this problem in the workplace. Employee conflicts not only affect productivity, it also affects coworker’s attitudes, customer service, and it changes the work environment for coworkers that are caught in the backlash of the conflict. Employee conflicts were not as complex three decades ago as they are now. If the boss did not want to deal with the conflict he or she would fire the employee, my way or the highway. Now employee conflicts are more complex than not eating lunch with a coworker because she did greet the group this morning. We now have workplace violence, sexual harassment, and competition for limited resources, and dealing with difficult employees. Now there are laws in place that protect employees from being fired because their boss did not want to solve the conflict. . I have enlisted the help of two people to help me see different aspect of employee conflicts within their work environment. Their background deals with the retail industry and the food industry. Both of these environments deal with employees being knowledgeable of the product they are selling, team work and customer service. I spoke with them about employee conflicts in their workplace and how they overcame the issues. After listening to the situations and their solutions, I noticed some of the solutions for resolving their conflict were sensible and other resolutions should have been handled differently.

Target Population Essay Example for Free

Target Population Essay My Target population will vary from area to area, different people live in different areas. Some areas people of higher status and class will want high quality goods. Other areas rent could be lower so this could effect my choice of location as well. Also the time of year could effect my target population, during the summer there would be more tourists than locals, and not many people like to go out to dine during the winter. The style of the restaurant will affect the target population, how I decorate the restaurant, the choice of colours and sorts of music as well. The choice of advertising will attract different sorts of target population, if I advertised in a higher class magazine or paper, I would get customers with a higher status. If I advertised in a teen magazine I would expect teenagers to come to my restaurant. Advertising on the city radio could attract local business men or commuters to the restaurant. Also allowing people to make party bookings or reservations will help attract a wealthier target market, if they want to book the whole restaurant. To attract a good target population I may decide to set lowest possible prices for my first menu, this will capture customers. Then I could raises prices and add new meals to a next menu. To really find my target population I have decided to draw up a questionaire and ask a few members of the public to fill it out to find out what they are interested in. The Business And The Product I have chosen to start a chinese themed restaurant and I will be selling both vegatarian dishes and meat dishes. I have considered starting the business near central London, therefore aiming mostly for tourists as customers. The rent in the area is quite high so I have decided to hire just enough staff to cover floors. Staff will be trained internally by a manager, this will set high standards and will save money, also staff will learn skills they need not irrelavant skills. I will have to ask a friend to design a high class menu, asking a friend to design the menu will save some money. I will decorate the restaurant depending on my questionaire results, but if I was aiming for a higher class and tourists I would use simple decoratives, at the same time different and unique. Pricing will differ from meal to meal, and also on demand and ingredients used. Location To find a suitable place to locate my restaurant I will need to look around certain areas for cheap affordable places. The place will need to be easy to find and have easy access. I may need to look for areas new famous landmarks or sites, to attract tourists. Also location will effect availability of labour and how much salary will be. If located in a wealthy area salary will be higher. Promotion Advertising Well, I have decided to advertise in a local specialist magazine, and local paper. I chose these because they will allow me to include some information about the restaurant where as, if I was to advertise on radio not many words can be fitted in and it isnt visual. I need visual advertising so I could include a Map so customers can cut ths out and keep it so they know where to locate my restaurant. If I have the money I considered renting a billboard or producing posters to put up in the local area. This will attract a larger audience if placed by busy roads or streets and I could also include a map, but they can not cut it out and refer to it. Sales Promotion I could have special lunch offers, or issue vouchers for the next time a customer visits they could get money off. I could also offer free dishes to promote new additions to the menu. This sort of promotion could make customers want to come back since they know they are getting money off, or they might come back to try out new additions to the menu. Also this helps promote new additions to the menu so customers may want to order them next time. Direct Marketing I am also going to post menus of the restaurant to local residences alerting them a restaurant is near by. This will include a map, a telephone number incase people might consider ordering a takeaway. This sort of marketing is quite effective and could draw alot of customers to my restaurant. Public Relations I could invite people from local papers and local magazines to taste my meals, asking them to write a review about the restaurant. If the public was to read about the reviews and the reviews are good people might come just to see if the crittics are right. This is quite effective but can also have disadvantages, if the food is not too good crittics will write bad things about the restaurant.

The Second Destruction of the Jews Temple

The Second Destruction of the Jews Temple The destruction on the Jews temple let to the disruption the Jews religion, culture and politics. The destruction of the temple also led to the dispersion of the Jews within and outside Israel. In addition, it shaped the Jews worship by changing the focus from sacrificial worship to scriptural interpretation. Political development that occurred in the post-temple period also informed the rise of a new political system dominated by the Torah and the Rabbis and reduced the influence of the former priests. The Impacts of the Destruction of the Second Temple in Jerusalem The second destruction of the temple in Jerusalem played a critical role in upsetting the statuesque in the religious and political arena. Separating and sending the Jews into the diaspora interfered with their religious practice and appeared focused at annihilating the Jews population. The Jews people depended on the temple for spiritual and political directions. The destruction of the temple, therefore, apart from causing negative psychological impacts on the Jews, posed a significant threat to their religion. The disruption of the Jews priesthood and the priestly class that represented the core of the Judean politics and depicted the face of the Jews worship sent the Jews nation into disarray and created a power vacuum. The Jews sacrificial cult and the hereditary priestly class acted as the mediating link between the divine powers and the humans, and the great influential priestly class lost its grip on power and its relevance in the Jews community. Rabbis and torrah scholars then replaced them. The destruction of the temple also brought the sacrificial worship to an end. The gradual recession of the priesthood was indicative of an institution that had lost its relevance. The rabbis and the Torah scholars gained control of power and relegated the former priests into conditions of inactivity. The rabbis sometimes prescribed the duties performed by the Jews. The Shift in the Jews Worship in the Post Temple Period The powers previously held by the priestly circles had immensely been dissipated under the Torah establishment. The destruction of the temple caused a shift in the authority from the traditional priest controlled system to a system dominated by the Torah scholars and the Rabbis. Some of the duties earlier performed by the priests that had been challenged under the new establishment included serving as judges in religious and civic affairs; acting as inspectors of purity and custodians of the tithes. The priests had also taught the divine law in the previous religious establishment. The law of Mosses had determined the roles of the priest in the Judean system before the second destruction of the Jews temple. All the duties performed by the priests were disrupted when the temple was destroyed. Just as was witnessed in the first destruction of the temple, the Jews met in small groups and in synagogues to discuss the scriptures. Power Struggles that Plagued Israel in the Post Temple Period The new establishment dominated by the Torah scholar was characterized by certain forms of power struggles.   Power deprivation angered some priest and as such informed the creation of various groups of people who sought to agitate to have their interests guarded. The rabbinic literature indicates that the struggle to control power existed between the rabbis and the priests. The assertion thereof has been supported by the attempts made by some priests to rebuild a temple in Jerusalem. The Bar Kokhba revolt was mainly inspired by the need to re-establish the temple in Jerusalem and re-enthrone the Jews priesthood. The revolt painted some priestly circles as determined to promote their priestly agenda. Different circles emerged, drawing their inspirations from the need to restore priesthood to the desire to preserve culture. The Bar Kokhba was quelled with considerable force. Among the factions that emerged were the Sadducees who were formerly in charge of the temple. Other than the Sadducees, the Pharisees, the Zealots, and the Essenes also emerged. The Pharisees were determined to preserve the Hebrew culture and religion by observing its tradition and religious laws to the letter. The zealots, on the other hand, strived to have the priestly rule restored and were bitterly opposed to the roman influence in Israel. Some zealots even resorted to acts of intimidations and protest to have their wishes granted by the roman powers. The Essence formed the fourth group of the Jews during the period that succeeded the second destruction of the Jews temple. They continued to observe their traditional ways and steered clear of animal sacrifices, meat, and wine. They also continued to live in celibacy. The conflicts informed by the desire to influence religion did not only exist between the Romans and Jews but also existed between the Greeks and the Jews. During the Seleucid period, Alexander the Great conquered Egypt and took control of some part of Israel. Although the development occurred before the second destruction of the temple, the conflicts between the Jews and the Greek culture became prominent when the second destruction of the temple occurred. The antagonism between the Greek and the Jews culture grew when the Jews tradition and culture were shaken from the second destruction of the Jews temple. The destruction of the second temple caused the dispersion of people far away from Israel. The Romans resettled some cadre of traditional priests in the coastal planes. The aristocratic priests were specifically resettled in a place called Gathas. The development disrupted the ceremonial based temple religion. The Jews then resorted to practicing religion in synagogues and homes. Once the temple was destroyed, the need to define religious books became apparent. The priests, therefore, convened a meeting in Yavneh and deliberated on the books particular books to include in the Canon. During the selection process, some books were hotly debated and were almost ex-punched from the list that would later be named the Cannon. When the Jews who had lived in Israel after the destruction of the second temple witnessed the executions perpetrated by the Romans, they became worried dispersed and settled in Egypt and in places around the Mediterranean. The population of the Jews living in the diaspora increased. The dispersion of the Jews people led to the spread of the Jews scripture through oral tradition and the interpretive work. The spread of the Judaism outside the borders of Israel was aided by the existence of the Canon; Oral history and the use of written materials that had been explored right from the when Cyrus assumed leadership in Persia and sent the Jews back to Israel after taking control of Babylon. The distribution of the written material aided the spread of the scriptures. The explanation and the protection of the Hebrew scripture followed when most people began to espouse the Jews teaching. Later, philosophical discussions emerged classifying the Jews law into six parts. The Philosophical discussions also detailed the application of the law in a document called Mishnah. By about 400 CE, the Talmud had been created out of the Mishnah when various commentaries were added to the Mishnah. The Romans stayed in Israel for a considerable amount of time after the destruction of the Jews Temple. Their stay, therefore, precluded the Jews from re-establishing the priesthood. The growing dissent among the Jews sparked revolts which never bore outcomes anticipated by the Jews.   The destruction of the temple eliminated the power that had once been controlled by the priesthood.   Secondly, it tweaked the Jews religion by shifting focus from the temple ritual to the scriptures. The spread and Challenges of the Jews in the Diaspora After the destruction of the temple, the Jews vitality grew in places such as Spain and Iraq. The spread and growth of the Jews outside of Israel in part was influenced by the tolerance in countries such as Spain and Iraq. Years after the destruction of the Jews temple, the Jews resettled in countries where they would experience politically engineered persecution. The challenges faced by the Jews people in the diaspora led to the emergence of the Kabbalistic literature that served to give hope to the Jews in the wake of the unyielding persecution. The Kabbalistic literature sought to bolster the Jews religion by highlighting the superiority of the Jews religion.

Hot Import Nights :: essays research papers

Car shows and race events are probably the largest forms of gatherings in America. People will spend all their money and drive long distances to show off their precious vehicle. Countless hours are spent cleaning, waxing, and prepping for a show quality finish. Hot Import Nights (HIN) is the largest car meet in the United States. Its flashy set-up and eye catching themes keep car enthusiasts craving for more all year long. This show is mainly for the younger group because they are the biggest spenders of products to modify their automobiles. Many would be disappointed if this ever ended. I support Hot Import Nights one-hundred percent because of the activities and product it brings to so many people. HIN is brought to just about every major city in the United States so that no one is left out. It’s a great chance for every one of all ages to get out and have some fun. As long as there is a passion for cars in their hearts it will be the most fun they have all year. Since there is so many people there from all over its amazing how different people are; social class, wealth, race, or gender doesn’t affect how people look at each other here, it is all about the cars. NOTHING else all year will give anyone a better chance to bond with dad than to spend a weekend with cars and just hang out. Most people go in large groups ranging anywhere from five friends all the way up to a hundred car crazed maniacs. It is very easy to find someone to go with, so nobody has an excuse not to go! HIN holds many events over its weekend to keep everyone entertained. There are several drag races for a wide variety of cars and prizes given to the winners. The great thing about HIN is that anyone can enter their car in the show event. Usually ranging from about 500-1000 cars brought just by locals, people love showing off their car to everyone that stops by. Just as the drag races, the show events give out many awards for having the wildest looking car and the craziest interior. Many people will just walk around during show events and talk to others with the same type of car as them. It’s a great chance to learn a lot about their car that they probably would have never found out.

why their conscience is not their guide :: essays research papers

Why Their Conscience Is Not Their Guide? In recent years there has been a serious shift in values among our Turks and Caicos families in terms of ideals handed down to children. Have you noticed how parents are going out of their way to purchase their children the latest designer wear? Be it Fubu or Phat Farm or Tommy Hilfiger. But have you also noticed that many of these parents do not go out of their way to make sure their homework is done or that they are in fact learning something in school? Have you noticed that kids are walking around with cell phones strapped to them and some the latest model? But have you also noticed that many of these same parents do not make sure that their children have a Bible or that they go to Sunday School or Church? HAVE YOU NOTICED HOW MATERIALISTIC AND SUPERFICIAL OUR CHILDEN ARE BEING RAISED WITH THE GREATEST RESPECT FOR MATERIAL POSSESSIONS RATHER THAN GOOD MANNERS AND SPIRTUAL VALUES? Well, I have and I am actually sicken by this shift in recent years. Tonight, I sat in a meeting and heard about the drug abuse and criminal activities among High School and College students: our future. And I questioned myself as to real fact that if our youth, our future does not realize they are the future and if parents don’t realise that their kids are the future and if society on a whole continues to watch our future drink and smoke themselves into a drunken stupor and slowly poison their minds with drugs, where will we be as a people? My mother is a very community minded person always cooking for community functions and playing for community events such as funerals, weddings and church services, including playing every Sunday morning in her own Church in South Caicos. Her mother raised her in the Church and ensured that she learnt a musical instrument. She in turn raised my siblings and to serve in any way we can in our community and she also made sure that we each learnt a musical instrument. Why am I saying this? There was a successive plan in my family not consciously I am sure but because they were raised that way, my mother and my grandmother raised their children that way. Parents are not making the Church an important institution in the lives of their children.

The Fenian Movement :: Essays Papers

The Fenian Movement In 1884 a movement started that changed Ireland forever. The Fenian Movement evolved because of the horrible deeds of King Henry VIII and his durable militia. Britain was trying to govern Ireland, and the people of Ireland fought for the freedom of there country. They didn’t have much money or much military action, on the other hand Britain did. This wasn’t the only reason the Fenian movement occurred though the great potato famine 1845 forced people from there homeland. The Fenian movement was when the people of Ireland were forced from there homeland because of the lack of natural resources and military action by the British. Another aspect to the Fenian movement was that Irish citizens didn’t have much money because they are not industrialized and they have an agricultural economy, which led up to the potato famine. Irish farmers didn’t have enough money to produce potatoes efficiently; this is when the blight occurred. Another branch that led from living in poverty was lack of military supplies. This was a huge problem because they couldn’t protect there country or even there freedom. Due to lack of funds many people migrated over seas to America where they could make money and live a successful life. In Ireland potatoes were the most popular product. â€Å"The potato grew well in Irish soil, producing the high yields that small-pot tenant farmers needed to feed their families and pay their rent†(Michael 1). During the potato famine the farmlands in Ireland were rotting away due to the blight. â€Å"Beginning with 1847, the potato blight left famine and death on every hand; emigration was excessive, and disaffection widespread, yet the British government did little to relieve the deplorable conditions. Goaded by almost unbearable economic distress, the young Irelanders decided to act†(Walker, 2) This led to poverty, migration and even death( how many people). People in Ireland were forced out of there homes to other countries because of the horrible natural resources. Many people starved, and these unfortunate citizens migrated to the United States, Canada, South America, and Australia. Ship-owners packed hundreds of boats to flee from Ireland to English speaki ng countries. Many of the Irish people didn’t even make it to these countries because of the horrible disease typhoid. Another one of the major causes of this horrific problem in Ireland was that British military decided they wanted to take over the Irish government and control the land.

Financial Terms Worksheet Essay

Understanding health care financial terms is a prerequisite for both academic and professional success. This assignment is intended to ensure you understand some of the basic terms used in this course. Complete the worksheet below according to the following guidelines: In the space provided, write each term’s definition as used in health care management. You must define the term in your own words. In the space provided after each term’s definition, summarize a health care management scenario that illustrates the importance of the skill, concept, procedure, or tool to which the term refers. In the scenario, you may wish to consider the following: Why the skill, concept, procedure, or tool is necessary for accurate record keeping, operational efficiency, excellent patient services, employee management, regulatory compliance, reducing costs, forecasting, and so forth Successes enabled by an adequate understanding or appropriate application of the skill, concept, procedure, or tool Risks or failures associated with an inadequate understanding or inappropriate application of the skill, concept, procedure, or tool Save the completed worksheet as a Microsoft ® Word document with your name in the file name. Submit the file to your instructor. Worksheet Submitted By: Keila Quintanila [Type your name here.] Term Definition Scenario Balance sheet A fiscal statement that summarizes a company’s assets, liabilities, shareholders’ equity at a specific point in time and net worth. This statement will display if the organization is in good fiscal standing or not and if they can meet their long-term fiscal responsibilities. The director asked for the titles of the four financial statements that included in an audited financial report, which are the following: Balance Sheet statement, Income Statement, Statement of Cash Flows, Statement of Fund Balance or Net Worth or Equity statement. Statement of revenue and expense A statement summarizes amount of profit earned minus the amount of operating expense. The statement will indicate the difference as profit or loss. The health care manager purchased some medical equipment, in which he will enter in the statement of revenue and expense; the document will show the amount of profit earned and the minus amount of operating expenses. This will clearly shows the difference as profit or loss. Revenue cycle The revenue cycle starts with meeting of customers, following any transactions during the period of transactions and continues with a  company/customer association. The salesman has brought revenue into the company. Furthermore, the salesman describe that, the Revenue Cycle beings with meeting with customers, presenting the product and closing the sale during specific time; but more important is to have a continues business relationship with company and customers. Payer mix Medical practice: Medicaid, Medicare, indemnity insurance, managed care–of monies received by a medical practice Medical organizations predict third party payer mixes so that they can precisely predict their profits for the coming term. Revenue The amount of currency that a company essentially receives during a specific period, including discounts and deductions for returned products. It is the â€Å"top line† or â€Å"gross income† figure from which costs are subtracted to define net income. The medical organization, revenue is the money received from insurance companies, payer mix that brings in from the rendered services. The medical organization usually calculates and report revenue for a quarter or a year. References Baker, J. J., & Baker, R. W. (2011). Health care finance: Basic tools for nonfinancial managers (3rd ed.). Sudbury, MA: Jones & Bartlett Publishers.

Fin 202- Group Assignment

â€Å" p c l h n t Ms h m Le H S ei t a k o . a i a a P n frh ligu t d t i po c† o e n s o o hs rj t p e Table of content: Excutive Summary: †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. P. 3 Business Plan:†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. P. 3 Vision:†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. P. 3 Main Services:†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦P. 3 Evaluating the market:†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. P. 4 Financial Plan:†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. P. 5 Initial Investment:†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. P. 5 Interest Payment:†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦P. 6 Wages Payment: †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦P. 6 Variable cost:†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. P. 7 Fixed cost per year for Selling and Admin activities:†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. P. 7 Expected number of customers:†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. P. 7 Total expense:†¦Ã¢â ‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. P. 8 Price of each services:†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦P. 8 Revenue Plan:†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦P. Profit & Loss Plan:†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. P. 9 Break even for each year:†¦Ã¢â‚¬ ¦P. 9 Cash flow& Analysis:†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. P. 10 Conclusion:†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. P. 10 Reference:†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. P. 11 Excutive summary: In order to bring customers a new service, especially for the female customers, our group decided to bring a new project- call Cake Paradise. Nowadays, need of making a handmade cake or chocolate of female customers for their lovers, friends or families is very high but not everyone has enough money to buy for herself an expensive oven or cake cooking tools. Our project is created to solve this problems.We provide a service for customer to hire our kitchen with full machines & tools of cake co oking to made a cake or chocolate. We also provides ingridiants in Shop of cake ingridients in 1st floor and Class of learning how to make a cake 2 times/week. With this advantages and professional of this service, we believe we will achieve the highest expectation from customer. To be the first company provide service in hiring Cake making machines and Tools, Cake paradise have high grow rate and fullfill the need of customers about the cake making-which means profitable and deserve to be invested.Business plan: Vision: Customers Focus High quality services Grown up by 100% in the first 5 years Making profits since 2nd or 3rd year operating Main Services: 1st Floor: Shop of Cake ‘ingridientswhere you can find any kinds of cake ingridients and tools. 2nd & 3rd Floor: Cake paradise’s Kitchen – for hiring with fullfill cake making ‘s equipment and tools. It is call DIY service- With VND120,000 for 3 hours, you will have full of cake making equipment and tools to make your ideal cake for your lovers.Every Friday and Sunday, we have classes of making cake, which are teached by cookers who are very experienced in making cakes- With VND400,000 for a 4-hour class, you will learn to make 3 kinds of delicious cakes or chocolate in the world, it is a best price for any learners. Evaluating Market: Instead of going to a cake shop and buy for the lovers or family, friends a cake, recently, many girls and women want to make for her relatives a cake by herself.This gift is unique and more meaningful to her relatives and in other way, it prove the womenliness and caringful of who made it. It now creates a trend not only in making cake but also in making handmade stuffs. We notice that there is a lack for cake handmade market. We can easily find handmake ‘s materitals and tools in the market as paper, stuff,†¦.. with a quite cheap price. But in making cake, the ingridients, especially the cake making equipments are very expensive.Not every one has enough money to buy for herself a expensive oven or cooking tools. When in the market, there are many suppliers provides for other handmade things but there aren’t a supplier which provide hiring cake making machine & tools although the demand of it is very high. Seeing this, our group decided to bring Cake paradise service to customer. Financial Plan: Innital Investment: We plan the project will be implemented in 5 years For the long-term assets, time for full depreciation is 5 years. No.Tool& Equipment Capital Expense 1st Floor -Shop for Cake's ingridients Good shelf Refrigerator Table Electronic Cash Regristor Cost of Installment& Decoration 2nd & 3rd Floor- Place for DIY and Learning Kitchen cupboard Oven Refrigerator Hand-mixer Blender Gas cooker Fan Table Cost of Installment & Decoration 4th Floor -Office Destop & PC Phones Printer Office Table and chairs Cost of Installment& Decoration Working capital for the zero year Uniform for Staff Training course for staf f Tools for the kitchen Tools for the office CashINITAL INVESTMENT Quantity Cost per Unit Total Cost 148,500,000 17,800,000 4,800,000 3,500,000 1,000,000 3,500,000 5,000,000 99,900,000 30,000,000 18,000,000 26,000,000 2,800,000 1,100,000 4,000,000 4,000,000 4,000,000 10,000,000 30,800,000 20,000,000 800,000 3,000,000 5,000,000 2,000,000 45,000,000 2,000,000 3,000,000 5,000,000 5,000,000 30,000,000 193,500,000 29,700,000 1 1 1 600,000 3,500,000 1,000,000 3,500,000 5,000,000 15,000,000 3,000,000 13,000,000 700,000 550,000 2,000,000 1,000,000 1,000,000 10,000,000 10,000,000 800,000 3,000,000 1,000,000 2,000,000 200,000 500,000 TOTAL DEPRECITAION 2 6 2 4 2 2 4 4 2 1 1 5 10 6 Interest Payment: Year Quarter 1 I II III IV 2 I II III IV 3 I II III IV 4 I II III IV 5 I IIIII IV INTEREST PAYMENTS (VND) Beginning Balance Principal Payment Interest Payment Total Payment Total Payment/Year Ending Balance 80,000,000 4,000,000 2,400,000 6,400,000 24,880,000 76,000,000 76,000,000 4,000,000 2,280,00 0 6,280,000 72,000,000 72,000,000 4,000,000 2,160,000 6,160,000 68,000,000 68,000,000 4,000,000 2,040,000 6,040,000 64,000,000 64,000,000 4,000,000 1,920,000 5,920,000 22,960,000 60,000,000 60,000,000 4,000,000 1,800,000 5,800,000 56,000,000 56,000,000 4,000,000 1,680,000 5,680,000 52,000,000 52,000,000 4,000,000 1,560,000 5,560,000 48,000,000 48,000,000 4,000,000 1,440,000 5,440,000 21,040,000 44,000,000 44,000,000 4,000,000 1,320,000 5,320,000 40,000,000 40,000,000 4,000,000 1,200,000 5,200,000 36,000,000 36,000,000 4,000,000 1,080,000 5,080,000 32,000,000 32,000,000 4,000,000 960,000 4,960,000 19,120,000 28,000,000 28,000,000 4,000,000 840,000 4,840,000 24,000,000 24,000,000 4,000,000 720,000 4,720,000 20,000,000 20,000,000 4,000,000 600,000 4,600,000 16,000,000 16,000,000 4,000,000 480,000 4,480,000 17,200,000 12,000,000 12,000,000 4,000,000 360,000 4,360,000 8,000,000 8,000,000 4,000,000 240,000 4,240,000 4,000,000 4,000,000 4,000,000 120,000 4,120,000 Notes: Debt of VND80,000, 000 from bank, maturity of 5 years, interest rate 12% Interest is paid in from the first month, principal payment is incurred once a quarter Wages payment:Job title 1 Director 2 Secretary 3 Accountant 4 Sales Assistant 5 Cooking teacher 6 Securities Total Quantity 1 1 1 6 2 2 WAGE PAYMENTS (VND) Year 1 Year 2 72,000,000 75,600,000 42,000,000 44,100,000 48,000,000 50,400,000 144,000,000 151,200,000 96,000,000 100,800,000 48,000,000 50,400,000 450,000,000 472,500,000 Year 3 79,380,000 46,305,000 52,920,000 158,760,000 105,840,000 52,920,000 496,125,000 Year 4 83,349,000 48,620,250 55,566,000 166,698,000 111,132,000 55,566,000 520,931,250 Year 5 87,516,450 51,051,263 58,344,300 175,032,900 116,688,600 58,344,300 546,977,813 Notes: 1. Wages of Director, Secretary, Accountant, Sales Assistant, Securities are included in Selling and Admin Fixed expense each year 2. Wages of cooking teacher is included as Direct Labor for Learning Services 3. Wages growth rate is 5% each year Variable cost :We have three services in this project, in general, to estimate the variable cost, we estimate the variable cost beyond the number of customers we service. Services Included Shopping DIY Learning Bag Tool packgage 1 Tools package 2 Ingridients Using CP's kitchen Using CP's tools Teacher Services Included Bag Tool package 1 Tool package 2 Ingridients Using CP's kitchen (gas, water, electricity cost,†¦) Using CP's kitchen ‘s tools Teacher Total VARIABLE COST PER CUSTOMER Shopping DIY 500 3,500 Learning 500 3,500 15,000 3,000 10,000 500 3,500 15,000 50,000 3,000 10,000 50,000 132,000 4,000 32,000 Fixed cost per year for Selling and Admin activities:FIXED COST PER YEAR FOR ADMINSTRATIVE & SELLING ACTIVITIES Detail Per month Per year Internet bill 250,000 3,000,000 Electricity bill 1,500,000 18,000,000 Water bill 200,000 2,400,000 Phoning bill 200,000 2,400,000 Advertising exp 6,000,000 Other exp 1,000,000 12,000,000 43,800,000 Expected number of customers: year 1 Shopping DI Y Learning Total EXPECTED NUMBER OF CUSTOMER year 2 year 3 year 4 3500 4550 5460 2920 3796 4555 768 998 1198. 1 7,188 9,344 11,213 year 5 5733 4783 1258 11,774 6020 5022 1321 12,363 We assume that because this is a new services which haven't existed in the market so it will have a numerous of customers The growth rate will be 30%, 10% and 5% for the year of 2, 3, 4 and 5 respectively , after the services enter the market. Total expense:Year 0 Total Variable costs Shopping DIY Learning Total Fixed costs Wages Depreciation House Renting Fixed cost of selling and admin Intersest payment Total cost TOTAL EXPENSE Year 1 Year 2 Year 3 Year 4 Year 5 208,816,000 271,460,800 325,752,960 342,040,608 14,000,000 18,200,000 21,840,000 22,932,000 93,440,000 121,472,000 145,766,400 153,054,720 101,376,000 131,788,800 158,146,560 166,053,888 512,380,000 354,000,000 29,700,000 60,000,000 43,800,000 24,880,000 721,196,000 528,160,000 371,700,000 29,700,000 60,000,000 43,800,000 22,960,000 799,620,800 544,825,000 390,285,000 29,700,000 60,000,000 43,800,000 21,040,000 870,577,960 562,419,250 409,799,250 29,700,000 60,000,000 43,800,000 19,120,000 904,459,858 359,142,638 24,078,600 160,707,456 174,356,582 580,989,213 430,289,213 29,700,000 60,000,000 43,800,000 17,200,000 940,131,851 Price of each services:Customer Year 1 Shopping DIY Learning Year 2 Shopping DIY Learning Year 3 Shopping DIY Learning Year 4 Shopping DIY Learning Year 5 Shopping DIY Learning 3,500 2,920 768 4,550 3,796 998 5,460 4,555 1,198 5,733 4,783 1,258 6,020 5,022 1,321 Variable Cost 14,000,000 93,440,000 101,376,000 18,200,000 121,472,000 131,788,800 21,840,000 145,766,400 158,146,560 22,932,000 153,054,720 166,053,888 24,078,600 160,707,456 174,356,582 Fixed cost Toatal cost Cost per customer Average cost in 5 year 512,380,000 51,238,000 65,238,000 18,639 15,138 230,571,000 324,011,000 110,963 92,074 230,571,000 331,947,000 432,223 360,406 528,160,000 52,816,000 71,016,000 15,608 237,672,000 359,144,000 94 ,611 237,672,000 369,460,800 370,053 544,825,000 54,482,500 76,322,500 13,978 245,171,250 390,937,650 85,822 245,171,250 403,317,810 336,637 562,419,250 56,241,925 79,173,925 13,810 253,088,663 406,143,383 84,915 253,088,663 419,142,551 333,186 580,989,213 58,098,921 82,177,521 13,652 261,445,146 422,152,602 84,059 261,445,146 435,801,728 329,932 Shopping DIY Learning Original Cost plus 1% Final Price Note: We calculate the total cost of a service and base on it to estimate the price 15,289 17,000 For the Shopping services, the price is the average profit we gain from each shopping bill 92,995 120,000Assume that the shop don't have inventory because the goods are directly taken from agent 364,010 400,000 Revenue Plan:Year 0 Shopping Customer Profit/bill DIY Customer Price Learning Customer Price Total Growth rate of revenue (%) Year 1 EXPECTED REVENUE Year 2 Year 3 Year 4 Year 5 59,500,000 77,350,000 92,820,000 97,461,000 102,334,050 3,500 4,550 5,460 5,733 6,020 17,000 17,000 17,00 0 17,000 17,000 350,400,000 455,520,000 546,624,000 573,955,200 602,652,960 2,920 3,796 4,555 4,783 5,022 120,000 120,000 120,000 120,000 120,000 307,200,000 399,360,000 479,232,000 503,193,600 528,353,280 768 998 1,198 1,258 1,321 400,000 400,000 400,000 400,000 400,000 717,100,000 932,230,000 1,118,676,000 1,174,609,800 1,233,340,290 30 20 5 5 Because this is a completely new services, so after the first year, the number of customers increase sharply in the 2nd and 3rd year, but in the 4th and 5th year when Cake paradise (C has the competitor, ( who enter the market to join this segment), the growth rate of CP increase slightly at 5%. Profit & Loss Plan:Year 1 Revenue Variable Cost Contribute Margin Fixed Cost Earning before Tax Tax Earning after tax PROFIT AND LOSS PLAN Year 2 Year 3 Year 4 Year 5 717,100,000 932,230,000 1,118,676,000 1,174,609,800 1,233,340,290 208,816,000 271,460,800 325,752,960 342,040,608 359,142,638 508,284,000 660,769,200 792,923,040 832,569,192 874,197,652 512,380,000 528,160,000 544,825,000 562,419,250 580,989,213 (4,096,000) 132,609,200 248,098,040 270,149,942 293,208,439 28% 28% 28% 28% 28% (4,096,000) 95,478,624 178,630,589 194,507,958 211,110,076 We can see that in the first year, because this is a new service and it needs time for the customers to know and have the habit to use this service, so the earning after tax for the first year is negative. After the first year,the number of customers who know and use Cake Paradise service increase (beyond word of mouth), the earning after tax for the 2nd, 3rd, 4th, 5th increase sharply. Break even for each year:Year 1 CM CM unit CM Ratio Break even point Break even revenue Safety of margin 508,284,000 70712. 9 0. 7088 7,246 722,878,741 (5,778,741) BREAK EVEN Year 2 Year 3 Year 4 Year 5 660,769,200 792,923,040 832,569,192 874,197,652 70712. 9 70712. 9 70712. 9 70712. 9 0. 7088 0. 7088 0. 7088 0. 7088 7,469 7,705 7,954 8,216 745,141,567 768,652,973 793,475,388 819,674,364 187,088,433 350, 023,027 381,134,412 413,665,926 Cash flow: We have, cost of capital was calculated by WACC assumption: ( ( ) ) Year 0 Revenue Operating Expense EBITDA D&A EBIT (1- Tax) NOPAT CFOP Capital expense Working capital Add W. C Free Cash flow Payback Period Cost of capital NPV IRR MIRRCASH FLOW Year 1 Year 2 Year 3 Year 4 Year 5 717,100,000 932,230,000 1,118,676,000 1,174,609,800 1,233,340,290 691,496,000 769,920,800 840,877,960 874,759,858 910,431,851 25,604,000 162,309,200 277,798,040 299,849,942 322,908,439 29,700,000 29,700,000 29,700,000 29,700,000 29,700,000 (4,096,000) 132,609,200 248,098,040 270,149,942 293,208,439 0. 72 0. 72 0. 72 0. 72 0. 72 (4,096,000) 95,478,624 178,630,589 194,507,958 211,110,076 25,604,000 125,178,624 208,330,589 224,207,958 240,810,076 (148,500,000) (45,000,000) (193,500,000) 2. 5 15. 30% 277,726,609 54% 30. 39% (45,000,000) 25,604,000 (58,500,000) (13,500,000) 111,678,624 (70,200,000) (11,700,000) 196,630,589 (73,710,000) (3,510,000) 220,697,958 (77,395,50 0) (3,685,500) 314,520,076 The Payback Period is:Conclusion: 1. 2. 3. 4. The project completely has the ability of reaching the break-even point from the first year. Payback period is nearly 2. 5 years, a very appropriate period in the whole process of 5 years. NPV is a positive numbers and IRR is at 54%, much more higher than the cost of capital. MIRR is at 30. 39%, a high figure. ? Although the initial investment is quite small, all the figures above have proved that this project is profitable and promises to bring high profit. Reference: Fundamental of corporate financial Book Vatgia. vn Kitchenart. wordpress. com Nguyenkim. vn â€Å"Special thank to Ms. Pham Lien Ha to helps us to do this project† Fin 202- Group Assignment â€Å" p c l h n t Ms h m Le H S ei t a k o . a i a a P n frh ligu t d t i po c† o e n s o o hs rj t p e Table of content: Excutive Summary: †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. P. 3 Business Plan:†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. P. 3 Vision:†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. P. 3 Main Services:†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦P. 3 Evaluating the market:†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. P. 4 Financial Plan:†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. P. 5 Initial Investment:†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. P. 5 Interest Payment:†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦P. 6 Wages Payment: †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦P. 6 Variable cost:†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. P. 7 Fixed cost per year for Selling and Admin activities:†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. P. 7 Expected number of customers:†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. P. 7 Total expense:†¦Ã¢â ‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. P. 8 Price of each services:†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦P. 8 Revenue Plan:†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦P. Profit & Loss Plan:†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. P. 9 Break even for each year:†¦Ã¢â‚¬ ¦P. 9 Cash flow& Analysis:†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. P. 10 Conclusion:†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. P. 10 Reference:†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. P. 11 Excutive summary: In order to bring customers a new service, especially for the female customers, our group decided to bring a new project- call Cake Paradise. Nowadays, need of making a handmade cake or chocolate of female customers for their lovers, friends or families is very high but not everyone has enough money to buy for herself an expensive oven or cake cooking tools. Our project is created to solve this problems.We provide a service for customer to hire our kitchen with full machines & tools of cake co oking to made a cake or chocolate. We also provides ingridiants in Shop of cake ingridients in 1st floor and Class of learning how to make a cake 2 times/week. With this advantages and professional of this service, we believe we will achieve the highest expectation from customer. To be the first company provide service in hiring Cake making machines and Tools, Cake paradise have high grow rate and fullfill the need of customers about the cake making-which means profitable and deserve to be invested.Business plan: Vision: Customers Focus High quality services Grown up by 100% in the first 5 years Making profits since 2nd or 3rd year operating Main Services: 1st Floor: Shop of Cake ‘ingridientswhere you can find any kinds of cake ingridients and tools. 2nd & 3rd Floor: Cake paradise’s Kitchen – for hiring with fullfill cake making ‘s equipment and tools. It is call DIY service- With VND120,000 for 3 hours, you will have full of cake making equipment and tools to make your ideal cake for your lovers.Every Friday and Sunday, we have classes of making cake, which are teached by cookers who are very experienced in making cakes- With VND400,000 for a 4-hour class, you will learn to make 3 kinds of delicious cakes or chocolate in the world, it is a best price for any learners. Evaluating Market: Instead of going to a cake shop and buy for the lovers or family, friends a cake, recently, many girls and women want to make for her relatives a cake by herself.This gift is unique and more meaningful to her relatives and in other way, it prove the womenliness and caringful of who made it. It now creates a trend not only in making cake but also in making handmade stuffs. We notice that there is a lack for cake handmade market. We can easily find handmake ‘s materitals and tools in the market as paper, stuff,†¦.. with a quite cheap price. But in making cake, the ingridients, especially the cake making equipments are very expensive.Not every one has enough money to buy for herself a expensive oven or cooking tools. When in the market, there are many suppliers provides for other handmade things but there aren’t a supplier which provide hiring cake making machine & tools although the demand of it is very high. Seeing this, our group decided to bring Cake paradise service to customer. Financial Plan: Innital Investment: We plan the project will be implemented in 5 years For the long-term assets, time for full depreciation is 5 years. No.Tool& Equipment Capital Expense 1st Floor -Shop for Cake's ingridients Good shelf Refrigerator Table Electronic Cash Regristor Cost of Installment& Decoration 2nd & 3rd Floor- Place for DIY and Learning Kitchen cupboard Oven Refrigerator Hand-mixer Blender Gas cooker Fan Table Cost of Installment & Decoration 4th Floor -Office Destop & PC Phones Printer Office Table and chairs Cost of Installment& Decoration Working capital for the zero year Uniform for Staff Training course for staf f Tools for the kitchen Tools for the office CashINITAL INVESTMENT Quantity Cost per Unit Total Cost 148,500,000 17,800,000 4,800,000 3,500,000 1,000,000 3,500,000 5,000,000 99,900,000 30,000,000 18,000,000 26,000,000 2,800,000 1,100,000 4,000,000 4,000,000 4,000,000 10,000,000 30,800,000 20,000,000 800,000 3,000,000 5,000,000 2,000,000 45,000,000 2,000,000 3,000,000 5,000,000 5,000,000 30,000,000 193,500,000 29,700,000 1 1 1 600,000 3,500,000 1,000,000 3,500,000 5,000,000 15,000,000 3,000,000 13,000,000 700,000 550,000 2,000,000 1,000,000 1,000,000 10,000,000 10,000,000 800,000 3,000,000 1,000,000 2,000,000 200,000 500,000 TOTAL DEPRECITAION 2 6 2 4 2 2 4 4 2 1 1 5 10 6 Interest Payment: Year Quarter 1 I II III IV 2 I II III IV 3 I II III IV 4 I II III IV 5 I IIIII IV INTEREST PAYMENTS (VND) Beginning Balance Principal Payment Interest Payment Total Payment Total Payment/Year Ending Balance 80,000,000 4,000,000 2,400,000 6,400,000 24,880,000 76,000,000 76,000,000 4,000,000 2,280,00 0 6,280,000 72,000,000 72,000,000 4,000,000 2,160,000 6,160,000 68,000,000 68,000,000 4,000,000 2,040,000 6,040,000 64,000,000 64,000,000 4,000,000 1,920,000 5,920,000 22,960,000 60,000,000 60,000,000 4,000,000 1,800,000 5,800,000 56,000,000 56,000,000 4,000,000 1,680,000 5,680,000 52,000,000 52,000,000 4,000,000 1,560,000 5,560,000 48,000,000 48,000,000 4,000,000 1,440,000 5,440,000 21,040,000 44,000,000 44,000,000 4,000,000 1,320,000 5,320,000 40,000,000 40,000,000 4,000,000 1,200,000 5,200,000 36,000,000 36,000,000 4,000,000 1,080,000 5,080,000 32,000,000 32,000,000 4,000,000 960,000 4,960,000 19,120,000 28,000,000 28,000,000 4,000,000 840,000 4,840,000 24,000,000 24,000,000 4,000,000 720,000 4,720,000 20,000,000 20,000,000 4,000,000 600,000 4,600,000 16,000,000 16,000,000 4,000,000 480,000 4,480,000 17,200,000 12,000,000 12,000,000 4,000,000 360,000 4,360,000 8,000,000 8,000,000 4,000,000 240,000 4,240,000 4,000,000 4,000,000 4,000,000 120,000 4,120,000 Notes: Debt of VND80,000, 000 from bank, maturity of 5 years, interest rate 12% Interest is paid in from the first month, principal payment is incurred once a quarter Wages payment:Job title 1 Director 2 Secretary 3 Accountant 4 Sales Assistant 5 Cooking teacher 6 Securities Total Quantity 1 1 1 6 2 2 WAGE PAYMENTS (VND) Year 1 Year 2 72,000,000 75,600,000 42,000,000 44,100,000 48,000,000 50,400,000 144,000,000 151,200,000 96,000,000 100,800,000 48,000,000 50,400,000 450,000,000 472,500,000 Year 3 79,380,000 46,305,000 52,920,000 158,760,000 105,840,000 52,920,000 496,125,000 Year 4 83,349,000 48,620,250 55,566,000 166,698,000 111,132,000 55,566,000 520,931,250 Year 5 87,516,450 51,051,263 58,344,300 175,032,900 116,688,600 58,344,300 546,977,813 Notes: 1. Wages of Director, Secretary, Accountant, Sales Assistant, Securities are included in Selling and Admin Fixed expense each year 2. Wages of cooking teacher is included as Direct Labor for Learning Services 3. Wages growth rate is 5% each year Variable cost :We have three services in this project, in general, to estimate the variable cost, we estimate the variable cost beyond the number of customers we service. Services Included Shopping DIY Learning Bag Tool packgage 1 Tools package 2 Ingridients Using CP's kitchen Using CP's tools Teacher Services Included Bag Tool package 1 Tool package 2 Ingridients Using CP's kitchen (gas, water, electricity cost,†¦) Using CP's kitchen ‘s tools Teacher Total VARIABLE COST PER CUSTOMER Shopping DIY 500 3,500 Learning 500 3,500 15,000 3,000 10,000 500 3,500 15,000 50,000 3,000 10,000 50,000 132,000 4,000 32,000 Fixed cost per year for Selling and Admin activities:FIXED COST PER YEAR FOR ADMINSTRATIVE & SELLING ACTIVITIES Detail Per month Per year Internet bill 250,000 3,000,000 Electricity bill 1,500,000 18,000,000 Water bill 200,000 2,400,000 Phoning bill 200,000 2,400,000 Advertising exp 6,000,000 Other exp 1,000,000 12,000,000 43,800,000 Expected number of customers: year 1 Shopping DI Y Learning Total EXPECTED NUMBER OF CUSTOMER year 2 year 3 year 4 3500 4550 5460 2920 3796 4555 768 998 1198. 1 7,188 9,344 11,213 year 5 5733 4783 1258 11,774 6020 5022 1321 12,363 We assume that because this is a new services which haven't existed in the market so it will have a numerous of customers The growth rate will be 30%, 10% and 5% for the year of 2, 3, 4 and 5 respectively , after the services enter the market. Total expense:Year 0 Total Variable costs Shopping DIY Learning Total Fixed costs Wages Depreciation House Renting Fixed cost of selling and admin Intersest payment Total cost TOTAL EXPENSE Year 1 Year 2 Year 3 Year 4 Year 5 208,816,000 271,460,800 325,752,960 342,040,608 14,000,000 18,200,000 21,840,000 22,932,000 93,440,000 121,472,000 145,766,400 153,054,720 101,376,000 131,788,800 158,146,560 166,053,888 512,380,000 354,000,000 29,700,000 60,000,000 43,800,000 24,880,000 721,196,000 528,160,000 371,700,000 29,700,000 60,000,000 43,800,000 22,960,000 799,620,800 544,825,000 390,285,000 29,700,000 60,000,000 43,800,000 21,040,000 870,577,960 562,419,250 409,799,250 29,700,000 60,000,000 43,800,000 19,120,000 904,459,858 359,142,638 24,078,600 160,707,456 174,356,582 580,989,213 430,289,213 29,700,000 60,000,000 43,800,000 17,200,000 940,131,851 Price of each services:Customer Year 1 Shopping DIY Learning Year 2 Shopping DIY Learning Year 3 Shopping DIY Learning Year 4 Shopping DIY Learning Year 5 Shopping DIY Learning 3,500 2,920 768 4,550 3,796 998 5,460 4,555 1,198 5,733 4,783 1,258 6,020 5,022 1,321 Variable Cost 14,000,000 93,440,000 101,376,000 18,200,000 121,472,000 131,788,800 21,840,000 145,766,400 158,146,560 22,932,000 153,054,720 166,053,888 24,078,600 160,707,456 174,356,582 Fixed cost Toatal cost Cost per customer Average cost in 5 year 512,380,000 51,238,000 65,238,000 18,639 15,138 230,571,000 324,011,000 110,963 92,074 230,571,000 331,947,000 432,223 360,406 528,160,000 52,816,000 71,016,000 15,608 237,672,000 359,144,000 94 ,611 237,672,000 369,460,800 370,053 544,825,000 54,482,500 76,322,500 13,978 245,171,250 390,937,650 85,822 245,171,250 403,317,810 336,637 562,419,250 56,241,925 79,173,925 13,810 253,088,663 406,143,383 84,915 253,088,663 419,142,551 333,186 580,989,213 58,098,921 82,177,521 13,652 261,445,146 422,152,602 84,059 261,445,146 435,801,728 329,932 Shopping DIY Learning Original Cost plus 1% Final Price Note: We calculate the total cost of a service and base on it to estimate the price 15,289 17,000 For the Shopping services, the price is the average profit we gain from each shopping bill 92,995 120,000Assume that the shop don't have inventory because the goods are directly taken from agent 364,010 400,000 Revenue Plan:Year 0 Shopping Customer Profit/bill DIY Customer Price Learning Customer Price Total Growth rate of revenue (%) Year 1 EXPECTED REVENUE Year 2 Year 3 Year 4 Year 5 59,500,000 77,350,000 92,820,000 97,461,000 102,334,050 3,500 4,550 5,460 5,733 6,020 17,000 17,000 17,00 0 17,000 17,000 350,400,000 455,520,000 546,624,000 573,955,200 602,652,960 2,920 3,796 4,555 4,783 5,022 120,000 120,000 120,000 120,000 120,000 307,200,000 399,360,000 479,232,000 503,193,600 528,353,280 768 998 1,198 1,258 1,321 400,000 400,000 400,000 400,000 400,000 717,100,000 932,230,000 1,118,676,000 1,174,609,800 1,233,340,290 30 20 5 5 Because this is a completely new services, so after the first year, the number of customers increase sharply in the 2nd and 3rd year, but in the 4th and 5th year when Cake paradise (C has the competitor, ( who enter the market to join this segment), the growth rate of CP increase slightly at 5%. Profit & Loss Plan:Year 1 Revenue Variable Cost Contribute Margin Fixed Cost Earning before Tax Tax Earning after tax PROFIT AND LOSS PLAN Year 2 Year 3 Year 4 Year 5 717,100,000 932,230,000 1,118,676,000 1,174,609,800 1,233,340,290 208,816,000 271,460,800 325,752,960 342,040,608 359,142,638 508,284,000 660,769,200 792,923,040 832,569,192 874,197,652 512,380,000 528,160,000 544,825,000 562,419,250 580,989,213 (4,096,000) 132,609,200 248,098,040 270,149,942 293,208,439 28% 28% 28% 28% 28% (4,096,000) 95,478,624 178,630,589 194,507,958 211,110,076 We can see that in the first year, because this is a new service and it needs time for the customers to know and have the habit to use this service, so the earning after tax for the first year is negative. After the first year,the number of customers who know and use Cake Paradise service increase (beyond word of mouth), the earning after tax for the 2nd, 3rd, 4th, 5th increase sharply. Break even for each year:Year 1 CM CM unit CM Ratio Break even point Break even revenue Safety of margin 508,284,000 70712. 9 0. 7088 7,246 722,878,741 (5,778,741) BREAK EVEN Year 2 Year 3 Year 4 Year 5 660,769,200 792,923,040 832,569,192 874,197,652 70712. 9 70712. 9 70712. 9 70712. 9 0. 7088 0. 7088 0. 7088 0. 7088 7,469 7,705 7,954 8,216 745,141,567 768,652,973 793,475,388 819,674,364 187,088,433 350, 023,027 381,134,412 413,665,926 Cash flow: We have, cost of capital was calculated by WACC assumption: ( ( ) ) Year 0 Revenue Operating Expense EBITDA D&A EBIT (1- Tax) NOPAT CFOP Capital expense Working capital Add W. C Free Cash flow Payback Period Cost of capital NPV IRR MIRRCASH FLOW Year 1 Year 2 Year 3 Year 4 Year 5 717,100,000 932,230,000 1,118,676,000 1,174,609,800 1,233,340,290 691,496,000 769,920,800 840,877,960 874,759,858 910,431,851 25,604,000 162,309,200 277,798,040 299,849,942 322,908,439 29,700,000 29,700,000 29,700,000 29,700,000 29,700,000 (4,096,000) 132,609,200 248,098,040 270,149,942 293,208,439 0. 72 0. 72 0. 72 0. 72 0. 72 (4,096,000) 95,478,624 178,630,589 194,507,958 211,110,076 25,604,000 125,178,624 208,330,589 224,207,958 240,810,076 (148,500,000) (45,000,000) (193,500,000) 2. 5 15. 30% 277,726,609 54% 30. 39% (45,000,000) 25,604,000 (58,500,000) (13,500,000) 111,678,624 (70,200,000) (11,700,000) 196,630,589 (73,710,000) (3,510,000) 220,697,958 (77,395,50 0) (3,685,500) 314,520,076 The Payback Period is:Conclusion: 1. 2. 3. 4. The project completely has the ability of reaching the break-even point from the first year. Payback period is nearly 2. 5 years, a very appropriate period in the whole process of 5 years. NPV is a positive numbers and IRR is at 54%, much more higher than the cost of capital. MIRR is at 30. 39%, a high figure. ? Although the initial investment is quite small, all the figures above have proved that this project is profitable and promises to bring high profit. Reference: Fundamental of corporate financial Book Vatgia. vn Kitchenart. wordpress. com Nguyenkim. vn â€Å"Special thank to Ms. Pham Lien Ha to helps us to do this project†

Crime Rates Essay

What we usually have in mind when we talk about the crime rates is a well known fact that crime rates are increasing. So,people who are related to this issue should try to find a solution so as to solve the problem .Up to now many countries have tried to decrease crime rates. However,many of them have failed .Everybody has a significant roles so as to decrease the crime rates such as parents and governments. First of all, it is worth bearing in mind that parents should train their children so children will not change the crime rates .Thus,crime rates will not increase . Parents should raise awareness their children because according to research conducted children who are conscious about crime do not commit a crime besides parents should not leave unattended their children because generally rambling children have amount of influence on the crime rates.Also parents should be interested in their children .Experts said that slummy person involve in a crime easily .Therefore parents take care of their children. Read more:Â  Increasing Crime Rate in Today’s Society in India It is last but not least governments should make provision as fight with crimes because researchers believe that only if governments attach importance to crime rates , can they decrease the crime rates .Governments should provide equipments so as to overcome to crimes.Thanks to more equipments , governments can reduce the crime rates .Governments should be in contact with other governments because increasing of the crime rates are not seem just one government.So, they can help each other about this situation. To sum up Ä ±t should be noted that parents have a considerable amount of effect as decrease the crime rates .Nowadays every segment of society is looking for a way to solve as decrease the crime rates.

Coffee Bean Essay

The Coffee Bean & Tea Leaf was founded by Mona and Herbert Hyman and it is established in Los Angeles, California in the year 1963. The first Coffee Bean & Tea Leaf were established here in Malaysia in 1997. The company offers a wide variety of its own signature beverages that ranges from coffee to non-coffee drinks and launched their very own signature drink; â€Å"The Original Ice Blended† in 1989 and has been the main highlight of its company ever since. We will take a look into the possibility of bringing in a new product that could be a mainstay for the Ice Blended range that is already available here in Malaysia. Currently, the range of its Ice Blended drinks is limited to several coffee and non-coffee drinks. Although from time to time Coffee Bean has been introducing promotional and seasonal Ice Blended drinks, none of these drinks will be served in the main menu after that the promotion is over. With this. Although a majority of Malaysians like to drink coffee oriented drinks, With the introduction of the Honeydew Ice Blended to the market, it will help boost the challenge of bringing in new flavors for the market. Situation Analysis The Coffee Bean & Tea Leaf is entering its fifteenth year of operation in Malaysia with many of its products ranging from its well known â€Å"The Original Ice Blended† beverages which carries coffee and non-coffee drinks have been well received by the public. However. 2.2 SWOT Analysis The following SWOT analysis captures the key strengths and weaknesses for the proposed product and describes the opportunities and threats that it will face. 2.2.1 Strength The Honeydew Ice Blended drink is offered during the summer seasons and it is well known as the refreshing summer drink in United States. With summer all year long in the South East Asia region, this product has also been proven as a main-stay in the Philippines and Singapore’s The Coffee Bean & Tea Leaf. This product carries a cool, chilling and refreshing sweet taste which suits the pallets of the South East Asian region. 2.2.2 Weaknesses This product may not be suitable for coffee drinkers as the drink does not offer any coffee taste and it’s a fruit oriented drink. It’s also not suitable for those who are watching their calories and diet as the drink carries a high calorie range due to the sweetness and the cream that the drink offers. As this product targets the youth which comprises of teens and working adults in their twenties, some may be price sensitive to this beverage offer as it may be expensive compared to the local. 2.2.3 Opportunities Younger generations, whom fell under the legal drinking age, are known as one of the fastest-growing segments of the beverages market. These generations prefer fresh and upcoming products rather than stagnant products that they have consumed daily. With a brand new product being introduced, it will trigger the targeted younger generation with the enthusiasm to go. The lifestyle factors converger. 2.2.4 Threats Global coffee and tea market have been increasingly growing and it has since been an extremely competitive sector. Coffee Bean & Tea Leaf goes up against its closest rivals such as Starbucks, Dome, Cha Time and Old Town Cafà © here in Malaysia. Competition The Coffee Bean & Tea Leaf has been a powerhouse brand in providing its ice blended beverages. However, there are companies that do make similar ice blended beverages such as Starbucks and Cha Time. The Coffee Bean & Tea Lead has the upper hand because of the creation of the â€Å"The Original Ice Blended† line which gives the company the extra edge. Although the mentioned competitors have been making ice blended beverages, The Coffee Bean & Tea Leaf has its own signature way of making these beverages special and cannot be matched with its competitors.   

Alcoholsim

The effects of alcohol vary whether the drinker is male or female, adult or adolescent, and the length of time that the drinker has been drinking. The effects can be long-term or short-term. They can range from something as simple as slurred speech all the way to something as severe as death. Alcohol can be responsible for injuries not only to the drinker but also to the people around them. It can cause cardiovascular problems, eye problems, near. e system damage, and even birth defects.It can also affect your brain, liver, and gastrointestinal system. A persons life is significantly at risk when regularly intoxicated (Livingston). Some of the short-term effects of alcohol are slurred speech, drowsiness, vomiting, diarrhea, upset stomach, headaches, difficulty breathing, distorted vision and hearing, impaired judgment, decreased perception and coordination, unconsciousness, loss of red blood cells, and blackouts. With such severe short-term effects, one might wonder, why keep drinking?For those that do continue to drink, these are the long-term effects: increased on- the-job injuries, loss of productivity, increased family problems, alcohol poisoning, high blood pressure, stroke, heart related disease, liver disease, river damage, permanent brain damage, vitamin deficiency, unintentional injuries to ones self or others, and intentional injuries like firearm injuries, s exual assault, and domestic violence. All of which are things to consider before allowing ones drinking to get out of hand. The long-term effects of alcohol abuse and alcoholism can be very devastating and even life threatening, negativity affecting virtually every organ system (Medicine Net). Many adolescent drinkers have the it wont happen to me attitude. Teens drink and party and ignore the health risks. Many teens may know the health asks involved with becoming an alcoholic and what long-term drinking can do to a person. What they dont realize is that for those who are continuously drinking, even though they cant tell at the the moment but their drinking can cause major health problems for them as they enter adulthood.What many teens need to consider, but often ignore is that the most serious effects of teens drinking is that it all leads to adult dependence (Effects of Teenage Drinking). Not only does teen drinking lead to adult dependence but when an individual is a long-term drinker they kill many of their brain cells and the rain can be forever changed. Although alcoholism can cause many serious health issues, for women there area added health risks. It can cause premature menopause, it has been linked to an increase of breast cancer and increase calcium loss in menopausal women.As if those health risks arent scary enough, for women alcoholism can increase their chance of heart disease, memory loss, and reproductive issues. Women who drink while pregnant can also pass the alcohol to their fetus, causing Fetal Alcohol Syndrome. These children grow up with facial abnormalities, growth retardation and brain damage that inhibits their ability to live normal lives (Effects of Alcoholism on Families). However, men who abuse drinking can experience testicular atrophy, impotence, and reduced reproductive functions.Besides the effects that alcoholism is having on their health, most drinkers dont realize that their drinking problem is affecting those around them as well. Drinking affects relationships with spouses, children, and friends. Children that grow up with a parent who is an alcoholic experience low self-esteem, guilty feelings, despair, loneliness, fear of abandonment, depression, and Geiger than normal levels Of stress and anxiety. These children tend to have a harder time making relationship with friends or teachers and tend to be more withdrawn. They may believe that their parents drinking is their fault and frequently cry, have nightmares, and wet their beds. Once they get older, children may not easily make friends. They may hoard things, develop phobias, or exhibit perfectionist traits (Effects of Alcoholism on Families). It is also said that children of alcoholics are less likely to attend college. As children get older they continue to have low self-esteem and often make poor hoicks. Marriage is another common relationship that is affected by drinking.Divorce rates increase when one or both spouses drink. In relationships where only one spouse drinks, the non-drinking spouse will become the caregiver, which often leads to feelings of resentment of the drinking spouse. Many marriages that involve alcoholics suffer from poor or lack of communication, reduced intimacy, abuse, and lack of finances. Many alcoholics will hide money from their spouse and use it for their addiction. Alcohol abuse can be associated with negativity and hostility which usually dads to some sort of abuse in the relationship. The more frequently men are intoxicated, the more likely they are to be verbally and physically violent toward their spouses. 40 t 60% of battered women report that their husbands were heavy or problem drinkers (Alcoholism and Marriage). Alcohol abuse not only affects the drinkers relationships, but it also can have major effects on their way of life. Many times it is the way alcoholism effects relationships that most greatly causes an affect to their way Of life, but it also can affect the drinkers work fife.With increase in on-the-job injuries and loss in productivity, the drinkers work life tends to diminish. When work isnt getting done or getting done right most employers see it as time to find somebody better fitting for the job. When this happens it can cause financial stress on families, especially when the drinker starts using bill money to supply their addiction. The marital stress that is brought from lack of communication and unpaid bills usually leads to other marital problems. As these problems increase, marriages often end in divorce.Living with an alcoholic is never easy, coping with secrets and lies and being manipulated for that next drink. If the bottle turns out to be their one true love, often, the only option is to leave them and salvage your life. (Living with an Alcoholic). Divorce greatly affects the drinkers way of life; they no longer have their family to come home to. The following excerpt is a testimony from a man named Jeff Gauged and how alcoholism affected his life. He writes, l am an alcoholic. Have been clean and sober for several years now. My drinking was out of control for more than half my life.My wife took on the role of head of household and all the stress of that plus dealing with an alcoholic husband and father. I was in the military for several years but was asked to leave after being caught drunk on duty. Afterwards, I had several jobs that only lasted for a short period of time; usually would quit before they asked me to leave. Everyday my wife. Michele, would leave for work knowing would probably be drunk when she returned. On one occasion, the police were called because I had hit her and would not calm down. Am not proud of this, but it happened and it is a part f my life.I had gotten so bad that I would have seizures from alcohol withdrawal when I would have to stop drinking. When my family went to my brothers wedding in another state, I had to make sure would start the trip off in my own selfish way. When I started to come down off the booze I had guzzled before we left, I had a seizure and we had to stop so I could be admitted to the hospital (Alcoholic Husband). This man was lucky enough to have a spouse that stood by him and helped him find his way to recovery. Alcoholics are two times more likely to be divorced than those who dont rink.