Finance Policy Assignment Example | Topics and Well Written Essays - 1750 words

Finance Policy - Assignment Example A business’s financial position is evident from its profit and loss account and the balance sheet. The balance sheet and the profit and loss statement should communicate the appropriate results of the firm to the CEO so that he can make decisions regarding investment. The financial statements of the firm should be made available to all so that they can make their own conclusions from the financial statements with respect to the operations in the firm. It is very important that the financial information provided must be reliable and authentic. The primary objective of my role as CFO is to interpret the firm’s accounts accurately and identify which of the investment methods could benefit the firm in the long as well as the short run. This could be achieved by making appropriate review of the financial statements as well as developing accurate interpretations. This is supposed to benefit the firm and its stakeholders. b) The company can use concise financial report, which consists of Consolidated Income Statement, Statement of Comprehensive Income, Balance Sheet, and Statement of Changes in Equity, Statement of Cash Flows so that all the third party investors and stakeholders could evaluate the firm’s business. ... The taxation requirements of the government should be met with appropriate heads showing profits before tax and profits after tax. Similarly the employees can get an idea about the functioning of the firm by analyzing the financial statements. The creditors and debtors value in the balance sheet along with the bad debts gives a clear understanding about the total debtors and creditors of the firm. The shareholders can understand the way the firm is functioning through the payment of dividends and the return on equity, which is projected in the financial statements. Question 2 a) High dividend policy to the shareholders signifies that the firm is earning high profits and, thus, is paying high dividend to its shareholders. This creates anticipation among the shareholders that the firm will pay them a higher amount of dividend in the next financial year. High dividend also signifies that the portion of debt capital in the firm in comparison to its equity capital is less, which implies t hat the firm has its own financial stability. b) If there are negative profits in the firm then the firm will pay a lesser amount of dividend. If the firm chooses to retain a high portion of its earnings for investment activities, even then the dividend payment will be less. c) High dividend payouts are popular and well appreciated by all the shareholders. But the problem that arises here is that if the firm earns high profits and provides high dividend to its investors in one year and in the next financial year its profit is less comparatively and so it fails to pay high dividends, then the shareholders will be unhappy with the firm. This will affect the bond and relation they have with the firm. As the shareholders are the primary investors in the

High School Life and College Life Essay Example for Free

High School Life and College Life Essay The change from high school to college can be a difficult one. Both your social and academic life will be remarkably different from high school. Although you might think that college is simply a level above high school, there are several differences between the two, and you need to be prepared for what’s ahead. My college experience so far has been really stressful but am trying my best to excel. Unlike high school where things tend to move smoothly, college has been the total opposite. No time to play, more assignments and project which tends to consume my time. For instance, in high school, my classes were assigned to me and i was supplied with many of my classroom materials and books. I had a guidance counselor telling me which courses to take and when. In college, it is my responsibility to sign up for the classes i need to take to graduate and during my first enrollment, I ended up picking irrelevant classes because I had no idea about the whole thing. Although, we have an academic advising center were you can go and meet an advisor who can help out with picking classes suitable for you and is located at room 113 north shepler of Cameron university. Also, in college, I am responsible for buying all class materials and trust me, the cost of these materials are very high whereas in high school, our textbooks and class materials were given to me for free. A textbook with access code can go for a minimum of $100 which is way expensive and I do not get to spend so much during high school days Class materials are really expensive. Moreover, we have a library where you can get all this books and check them out if you need them urgently without buying. I use the library everyday and check out books all the time. Read more: High school life essay Finally, the style of teaching tends to be more advanced in college than high school. Am finding it difficult coping with the assignments(which are very voluminous),unlike high school where I was given just little assignments. Tutors explaining things fast and am just confused and lost in class and I just take a break from classes like that. Although, the school came up with tutor.com, a free online website where students can visit to get help and l also visit the academic tutoring facilities like that for  center for academic success which is located at nance boyer room 1008, center for writers at nance boyer room 2060, math lab at burch hall 104 and academic commons tutoring center at academic commons 138. Am trying really hard to overcome these difficulties before next semester. Putting in every single effort and aiming for a perfect grade point. I know I can do it by being determined and being serious.

My Reality Check Essay examples -- Personal Narrative

My Reality Check Two things didn't mix well in my life. One was being a full time student and the other an athlete. It was great not having parents around telling you to do your homework or to go to class, of which I never did. I had a choice, which was more important, playing lacrosse or studying. Like any first year college student I picked lacrosse. At that point I didn't realize what I was getting myself into. Who at that age would know either? My worst nightmare came true in the summer of 1989. I was academically dismissed from the university. I thought to myself "no way, this could never happen to me, I played lacrosse, had a girlfriend, and I was popular, how could this have happened". The worst part of the whole experience was the car ride home from the post office. The feeling of emptiness overwhelmed me, I felt as if I had nothing inside my body. I thought, "what am I going to do?" Then I had to face my parents, boy was I scared. What was I going to tell them? Sorry mom and dad but I wasted your money; I had no excuses so I told them the truth. What happened after that changed my life forever. It was either the military or go to a community college and try to redeem myself. I wanted to do neither, but I had to choose. The military was off my list and going to a community college sounded o.k. So I registered and the rest of that summer I had to deal with the fact that I had not accomplished anything in the past year and this was wake up call an...

Hadyn Middletons The Lie of the Land - The Next Blockbuster Movie? :: Hadyn Middleton The Lie of the Land

Hadyn Middleton's The Lie of the Land - The Next Blockbuster Movie? The idea of turning Hadyn Middleton's The Lie of the Land into a film sounds quite exciting. I can just picture the television commercials airing clips from the movie after every sitcom and T.V. show, and posters and billboards mounted high atop tall buildings on Sunset Boulevard in Hollywood and even New York. Perhaps The Lie of the Land can be the next blockbuster movie! Just imagine, with an all star cast and a high budget set, this film can have great potential. Our leading man, David Nennius, can be played by none other than the handsome Keanu Reeves and his leading lady, Melissa, can be played by the beautiful half African American and half Caucasian, Halle Berry. The rest of the cast can include Elizabeth Hurley as David's pitiful mother, Mary, Cameron Diaz as Rachel, Robert Downey Jr. as her husband Matthew, Hugh Grant as Quinn, and special appearances by Richard Gere as William Meredith and Bruce Willis as Alasdair (Ally). Of course, we would need about ten to fifteen more extras to fill the roles of characters like Art, Grace, Emrys, David's anonymous father, and the man who gets brutally killed by David. This contemporary film of the nineties can be a thriller especially for young adult movie goers, but can be viewed by all 17 and over persons for it must be rated R due to some profanity and explicit sexual scenes in the film. Lots of loud pop/rap/alternative music and vibrant colors can add much flavor and pizazz to this flick. Action, drama, murder, mystery, sex, and much more can really jazz up this film. The setting would be in England of course and it would include buildings, city streets, cars, and the night life. Certainly, the costs of making this film would be expensive due to the all star cast and the location it will be filmed in. But wouldn't it be worth it if it becomes a big hit? Being directed by Quentin Terrintino and all? Furthermore, unlike the novel, the film will start with Elizabeth Hurley (i.e. Mary) getting seduced by this mysterious man and then giving birth to our main character, David. Then the film will progress as it does in the book, but the ending of the film will be the beginning of the novel. The movie would have not much differences from the novel, but I figure that a heated scene in the beginning of the movie will open many eyes immediately,and naturally viewers would be interested to keep their eyes open throughout the film to see what's next.

Physics for Future Presidents Notes-Final Exam

Energy: the ability to do work. Work= force x displacement. Power=energy/time Power is measured in watts or horsepower. Joules/sec=watts 1hp=746w=1kw Basal metabolic rate 2000kcal/day= 100w Batteries store energy in chemical form. They release energy by pumping electrons’ through wires from the minus pole to the plus pole. Devices inbetween convert this energy to another form, Efficieny- e. motor=85%, combustion= 20% Hydrogen is not a source of energy but a means of transportation Types of energy: kinetic e(in joules)= . 5mv^2.Solar energy- 1gw per km^2 Solar energy can be turned into electricity through solar cells 15%=cheap, 40% efficiency=expensive. Caloric theory of heat=caloric fluid flows from hot object to cold. Heat engine= device to turn heat energy into useful work: heat comes from something hot but only some goes to useful work. Satellites=free fall. Ionizing radiation=energy in the form of waves or paricle Beta radiation-just an electron, wont go through skin but r eally bad inside you alpha- he2+ nucleus-wont go through skin but bad once inside. Comes from radioactive particles like lead 210 or iodine. amma- high energy photon, may go through you. neutrineos-noninteracting, come from fusion, cosmic rays-very powerful. Come from supernovas. Moves at speed of light moderator-slows neutrons b/c they are absorbed better when slow ciritical mass needed for nuclear bomb-5kg, resistence of wire depends on length, longer=more resistance. Thickness-thinner=bigger resistance, material. Escape velocity=velocity required on the surface to completely leave a planet Rcket-goes nowhere near escape velocity – drag from atmosphere is bad, goes slower but carries fuel Tin Celsius = Tin Fahrenheit ? 2 ? 5 9 Tin Fahrenheit = Tin Celsius ? 9 + 32 . 5 Nuclear energy Source of energy of energy in plants=radioactive particles such as uranium and plutonium. A chain reaction is the doubling law that takes you from small numbers to high numbers in a small number of generations. Aromic bombs are based on chain reactions of u-235 or pu-239. Plutonium is manufactured in nuclear reactors. Difficult bomb design (implosion). Hydrogen bomb=fission ignites secondary reaction that contains two isotopes of hydrogen-most dangerous part of residual radioactivity.Nuclear reactors are based the chain reaction but normally work with neutron multiplication of 1 o reaction doesn’t grow. Moderators slow neutrons so they are more likely to attract to nucleus. If moderator is lost the chain reaction stops. If it runs away and c. r. begins to grow exponentially, the slowness of the neutrons limits the size of the explosion. Since a c. r. depends on slow neutronsa cr that depends on slow neutrons cannot give rise to a nuclear explosion so therefore a reactor cannot blow up like a bomb b/c when temp increases, aroms are moving too fast for the neutrons to hit them so the c. stops. It will blow up like tnt, but 1 mil times smaller than a bomb. N reactor= d evice in which sustained c. r. takes place. Neutrons hit nucleus to cause another fusion. Power doesn’t grow, is constant. Power comes out in the form of hear. Nuclear reactors use moderators- a chemical mixed with fuel that slows down the neutrons. Isotopes are different types of atoms (nuclides) of the same chemical element, each having a different number of neutrons. Power-rate of energy release. Cookies=high energy. Tnt=high power. I kg h=1 gal gas.Heat energy (or just heat) is a form of energy which transfers among particles in a substance (or system) by means of kinetic energy of those particle. Nuclear energy= energy stored between the forces between parts of atomic nucleus. Energy=measured in calories or joules. I watt-I joule/sec. most useful kinds of energy=chemical and potential. One calor is the enrgy it takes to raise one kg of water by one degree Celsius. 4k joules=calories. Solar cells- crystals that convert sunlight directly into electricity. K energy depends on sq of v. double speed=kinetic energy increased by factor of 4.. emp is a measure of hidden kinetic energy. Disorider= entropy. Double abs temp=double pressure. Heat engine= any engine that runs by turning heat into mechanic motion. Laws: 0-objects in contact tend to reach same temp. 1- energy is conserved. 2-you can’t extract heat energy w/o temp difference- tend towards same temp 3-nothng can reach temp of abs 0. Satellite in low earth orbit=5 mi/sec. high sat=slow. Geosynchrous sat= sat that orbites in 24 hours. . blackhole=escape velocity = faster than speed of light. Big mass or lots packed into small radius . rockets fly by pushing burned fuel down. /c rocket weighs so much more fuel, the amount of velocity gained by rocket is much less than the fuel velocity so very inefficient. Gravity=attraction between two masses. Radioactivity= explosion of nucleus atom. Radiation=pieces thrown out in explosion.. chernyobyl-vessel explosded in Ukraine, radiation went all the way to stockhom. Don’t know if deaths were from radiation or regular cancer. Firefighters died from radiation45 rem receved average.. 25 rem=1% cancer chance. The hydrogen economy is a proposed system of delivering energy using hydrogen.Thinks methane is the way since ch4. he term â€Å"hydrogen economy† describes an envisioned large-scale scheme of delivering energy by means of hydrogen, particularly for â€Å"motive power† (personal cars, buses, planes, ships, etc. ). This is attractive for several reasons, among them the clean way in which hydrogen burns (it only leaves water as a residue), its high energy per weight, and the fact that fuel cells can convert hydrogen’s energy directly into electricity that subsequently powers an electric motor, with a combined efficiency exceeding that of ordinary combustion engines.Around 4:00 am on the morning of March 28, 1979, water pumps in the non-nuclear section of Three Mile Islands’ Unit 2 nuclear power pla nt stopped working. This prevented the steam generators from removing heat from the plant and initiated an automatic shutdown of the reactor. The possiblity that the melting of fuel rods could result in a release of radioactivity to the surroundings was of great concern. The Nuclear Regulatory Commission was alerted at 8:00 am and the White House was alerted at 9:15 am. By 11:00 am, all non-essential personnel were evacuated from the facility.The remaining personnel worked to bring the situation under control over the next several days. According to the U. S. Nuclear Regulatory Commission, this accident, â€Å"was the most serious in U. S. com- mercial power plant operating history, even though it led to no deaths or injuries to plant workers or members of the nearby community. But it brought sweeping changes involving emergency response plan- ning, reactor operator training, human factors engineering, radiation protection, and many other areas of nuclear power plant operations. â €  – melted cre

DNY influence of the dutch on nycs early history Essays

DNY influence of the dutch on nycs early history Essays DNY influence of the dutch on nycs early history - Dutch trading companies push factor missing 1,2.,3.,4 they didnt feel like going out to dicover pull factor not strong 1.,2,3, they were only interested in trading - 1602 Dutch East india Company- monopoly on dutch spice trade often considered first multinational company/corporation in the world first issue stock -1614 first dutch settlement Fort Nassau -1621- dutch west india company -march 31st 1624 ship the new Nederland 30 familes first dutch immigarnts tp north America -1624 fortress, Fort Orange -1625- fortress, Manhatten Island, farmers from Holland brought here five farms established -farms bouwerijen 1629- DWIC promised liberties 2nd exemptions 50 colonists- own expense called a patron buy land-full ownership held in perpetuity for himself and heirs 1629- dwic bought back 4 or 5 patroon ships- Rensselaers wyck-Kiliaen vao Rensselaers 1647- Nieuw Amsterdam became trading center of the colony- Pieter Stuyvesht-700/100? de wal Amsterdam- nienw Amsterdam- new york city 1626- Peter Minuit, governor of new Amsterdam purchased Manhatten Island for 60 guilders (24$-25$) 1664- 1500 inhabitants-350 houses- not all Dutch- many languages- cosmopolitan city- atmosphere of tolerance(religious), as per 17th century Holland 1646- town of breukelen Brooklyn 17th century- Netherlands and England maritime powers- rivalry for trade and freedom of the seas August 28,1664- English fleet off Nienw Amsterdam four men- of war- dutch surrender 1673- Dutch again- nieuw Oranje/ New Orange 1674- Treaty of West minister ended Anglo- Dutch war territory to Britain- NYC

Sales planning, telemarketing and customer relationship management

Sales planning, telemarketing and customer relationship management Sales Planning A sale planning is the key component of any sales activities. Sales plan consists of two major components: the sales strategy and the sales tactics (Everett 47). The sales strategy refers to the acts of letting the community know about the company and its products. The sales tactics may refer to activities, such as putting adverts on local dailies, knocking door to door, setting up events at the work place and attending seminars and chamber of commerce meetings (Everett 49).Advertising We will write a custom essay sample on Sales planning, telemarketing and customer relationship management specifically for you for only $16.05 $11/page Learn More Prior to making sales plan, managers should consider the sales quota, the product line, the sales territory and the line of products and services. However, revising the sales from time to time is also very important. This applies to the best plans developed by sales group. Sales managers often make mis takes not preparing sales plan or developing sales plan, which are practically impossible to execute. They leave out important requirements during sales plan development. This includes sales rep development, where managers develop sales plan for the actual sales people without involving them. Secondly, sales plan should have provision for regular reporting, may be on weekly basis to provide flexibility in the planning cycle. Finally, sales metrics should focus on results and activities (Zahorsky 2011). Sale force motivation involves making the sales people feel accepted and their efforts recognized as a crucial part of the company’s development. There are three major determinants of motivation. This includes environmental conditions, the firm’s management policies, such as compensation, supervision and task and personal characteristics of the sales person (Zahorsky 2011). Positive motivators include recognition, acceptance, respect, trust, achievement, and pride while the negative motivators include intimidation, fear, revenge, obligation and social comparison (Everett 51). One of the biggest blunders made by sales manager is to confuse appreciation with training whereby the management congratulates on the sales force for a good job, and at the same time dilute this feeling by immediately shifting to areas of improvement (Zahorsky 2011).Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Sales people can consider it as lack of appreciation from the management. Therefore, to avoid such confusion, performance improvement areas should be saved for coaching sessions, and success stories should be appropriately celebrated even in small parties as these little gestures portrays respect and recognition of efforts. A person who understands the overall goal and inspires others to make individual commitments towards achieving these goals is a good motivator . Several ways to provide motivating environment include participation, whereby decisions affecting a team is made collectively, recognition in form of giving credit rewards and praise. it is also necessary to be aware of the companys products and services and be able to communicate them well. The use of appropriate style for each situation, warm climate and creativity are crucial. A key asset for any company is a formidable sales force, which ensures that the services and products of the company reach the intended customer. To recruit the sales people, the manager should know the required number based on sales projections and goals. Special emphasis on experience is important as this would reduce training cost. Qualities such as hardworking, people with a positive outlook on life and good attitude as well as dedication to work are vital for sales people (Everett 51). People who are resilient to discouragement and challenges that arise along the way, make good sales persons (Zahorsk y 2011). To get such people, the recruiting team should engage existing sales persons and chose the best method of advertising, such as a use of local newspapers that covers a wide region. It is necessary to focus on the right attitude and personality during interviews. Telemarketing Telemarketing is defined as marketing operations which are done directly to sale some goods, gather marketing information, make meetings, and generate sales over the phone (Rank 2009). For any sale to take place by telemarketing, a first step is to identify potential customers.Advertising We will write a custom essay sample on Sales planning, telemarketing and customer relationship management specifically for you for only $16.05 $11/page Learn More This can be obtained from customer survey reports which explain various types of customers and their products and service needs. Past purchase records, telephone directories and customer databases from other companies are also good r eference points (Louis 52). There are two types of telemarketing: in-bound and out-bound. In-bound telemarketing includes handling of the customer responses generated by advertisements, direct mails and catalogs and taking orders for a variety of goods. Customers use toll free 800 numbers, and call a company’s telephone service to place orders for goods and services (Rank 2009). Out-bound telemarketing is hands-on with the telemarketing company calling the end customers. The sales representative required for this requires more training than those for in-bound telemarketing. Telemarketing has several advantages. It is cost effective and time saving when compared to personal selling. Small-scale businesses and big companies therefore prefer it. It only costs one fifth of the actual amount used through personal selling, when using telemarketing. Compared to direct mails, telemarketing is more expensive but it is more effective in closing deals than direct mails. Telemarketing al one is an effective method of selling, but it is most profitable as a part of a general market endeavor. For telemarketing to bring positive change in any marketing strategy, managers should consider qualifying the type of products and services to be effectively sold over the telephone; the means of generating new business using telemarketing; the possibility of expanding sales volume using telemarketing and how the practice can help qualify forecast, characterize the markets and service existing customers. Telemarketing applications includes selling, gathering information, creating new leads and improving customer services (McHatton 1988). Products readily identifiable in the market and those whose purchases are repetitive can effectively be marketed using telemarketing. (Louis 52). Maintaining the existing customer of the company is important, as it is from this base that most of the business generates. Use of telemarketing enhances customer follow-up.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Telemarketing also acts a resourceful activity of obtaining future customers and sales leads, since the information of all prospective consumers gathered is store in a unique database. To determine the effectiveness of advertisement used by companies, telemarketing is a resourceful tool (McHatton 1988). However, telemarketing faces many challenges such as swindles and fraudulent practices. This has contributed to great loses among people, making this practice less popular. As a result, the government has proposed several laws that deal with the practices of telemarketing. Advancement in technology has also slowed the telemarketing industry (Briones 33). With the advent of a telephone screener, the privacy manager in 1998, telemarketers no longer have the freedom of calling all their prospective customers, since some of their calls do not go through because of screening by this system (Beatty 19). This has contributed negatively for the industry. However, newer methods of handling th ese challenges to sustain telemarketing as a leading sales strategy are available. Customer Relationship Management Customer relationship management (CRM) is a company-wide business strategy intended to reduce costs and increase profitability by solidifying customer loyalty (Chapman 2009). â€Å"It is the methodologies, software, and usually internet capabilities that help an enterprise manage customer relationships in an organized way† (Taylor 2009). CRM system has many benefits to any business. Using CRM the company can govern their client contact information, follow patterns in their buying, and present value added services (Chapman 2009). CRM has major effects in an organization such as shifting focus from product to customer and responding to customers’ needs rather than making what the company can produce, and also stress on competencies that valuable customer relationship management require. Customers will often buy products that meet their various needs than bu y inferior products regardless of the price. An effective CRM program takes a holistic method and emphasizes on delivering products and services of high quality, which creates pleasant experiences for the customers (Rank 2009). This enables the enterprise to get repeat businesses and increased referrals. The CRM system is important as it helps enterprises to identify and target its best customers as well as provide the best service to this group, manage marketing campaigns and create quality leads for the sales force (Jones 2007). It also helps in the improvement of telemarketing sales, accounts and sales organization by information distribution among the staff and streamlining on hand processes (Jones 2007). CRM also allows individualization of customer relationship and therefore a better understanding of the actual customer needs. CRM systems also equip the staff with the right information to know and understand their customers’ needs as well as build good relationship betw een the company, its client base and distribution associates (Jones 2007). Nevertheless the ultimate purpose for CRM is to increase the profit in an organization. CRM achieves this result by making sure that the company offers better services than its competitors, by improving customer service, reducing costs and wastage and possible complaints (Chapman 2009). Companies can use the CRM system to improve and build customer relationship. CRM is a strong market research tool which gives instant feedback, and also opens avenues of communication with the customers (Chapman 2009). This makes it possible to receive direct market reactions on products and services feat. Using this approach, the company is able to identify its customers and the obstacles that make it hard for the two to do business (Rank 2009). With this first hand information, the company should work to ensure that the products they deliver always solve the problems of the customer. This will help improve customer loyalty a nd builds the company brands. The products developed by the company should always speak to the customer’s needs (Chapman 2009). In conclusion, a good CRM approach should be the one that address the exact need of the customer and also one that explains how to produce and deliver the coveted products to the customers. Therefore, CRM entails all aspects of dealings a business has with its clientele, and is therefore the basis of liaison marketing. Beatty, Sally. Ameritechs New Phone Service Aims to Keep Telemarketers at Bay. Wall Street Journal 23 Sept. 1998. Print. Briones, Maricris. IT, Privacy Issues Will Challenge Direct Marketers. Marketing News 7 Dec. 1998: 32(8). Print. Chapman, Alan. Customer Relationship Management. New York: Wiley, 2009. Print. Everett, Martin. Its Jerry Hale on the Line. Sales Marketing Management. Dec. 1993: 75-79. Print. Jones, Sonya. The Real Purpose of CRM. Kansas: Jantsch Communications.2007. Print. McHatton, Robert. Total Telemarketing. New Yo rk: Wiley, 1988. Print. Rank, J. Reference for Business. Encyclopedia of Business. 2nd ed. 2011. Print. Taylor, Steven. The Importance of CRM. Ezine articles. Jan. 2007. 6 Oct. 2011 https://ezinearticles.com/?The-Importance-of-CRM-Customer-Relationship-Managementid=425303 Zahorsky, Darrell. The Five Biggest Sales Management Blunders. New York: Prentice Hall, 2011. Print.