The challenge of saving for a home and getting $15,000 into a Roth IRA is the most difficult principle of goal setting. There are many challenges to saving for a down payment and also getting a significant amount into a Roth IRA. What makes this dimension of goal setting so challenging are the unforeseen events and older appliances that tend to break, and the car repairs. It's my observation that challenges can either crush your commitment to your goal or make it stronger. Whenever an appliance breaks or a car needs a major repair, it is easy to lose focus and begin to give up. I have found that the principles of goal setting help significantly in this regard.
The third principle of goal setting is commitment. This specific principle of goal setting is invaluable in that it underscores and supports all the rest. It also helps in the decision-making…… [Read More]
It may also include goals concerning the attainment of education for the individual or their children. During this time the individual should establish both short-term and long-term goals (personal finance).
The third step in the financial planning process concerns itself with detailing how the goals set forth in step two will be accomplished. For example, certain expenses may need to be reduced and certain investments may need to be made (personal finance). Additionally, there must be detailed calculations concerning the investments and expenses (personal finance). The fourth step in the financial planning process involves the implementation of a financial plan. This step involves making the specific changes or investments determined in the previous step (personal finance). This step could also involve help from financial planners and advisors (personal finance). In addition, there are also software tools and websites that can aid people in this process. According to the Journal of…… [Read More]
16. Help ebecca and Jay apply four steps of the smart buying process to decide whether to replace Vehicle #2. What sources of consumer information might be useful to them? According to Auto Channel the four steps are: Determine your practical needs for a new vehicle, determine your budget and stick to it, determine your emotional needs, which car or truck really makes you happy when you drive it, and test drive, test drive, test drive, test drive (Gordon, B.N.D.P.1.). esources which may be useful include: Consumer eports, Edmunds, Kelly Blue Book, and Kiplinger's
17. Calculate the Bennett's gross monthly income and monthly debt repayments. What is the maximum mortgage amount for which ebecca and Jay could qualify? Gross monthly income is $107,000 / 12= $8,916.67
Monthly debt payments are $1,145. There are two ratios to be calculated here the front end ratio and back end ratio. The front end…… [Read More]
In addition, liability insurance covers damage done to other's property, should the insured become legally liable for the damages.
Boiler insurance was originally created to cover loss due to insureds owning a pressure boiler. However, today, boiler insurance is often more aptly renamed equipment insurance.
Equipment insurance will provide coverage for mechanical breakdowns of equipment, including the cost of repairing or replacing the equipment. The equipment can include: air conditioners, hot water heaters, electrical and mechanical boxes, boilers, and even sometimes computers and telephone systems. Common types of damage to equipment include: short circuits, air conditioning failure, and boiler or hot water heater cracking, burning or bulging. Coverage includes repair and replacement costs, as well as costs to expedite repairs as well as damage to other property caused by the equipment breakdown (Ollis, 1997).
Title insurance protects an individual's investment before they make a property purchase.
With real estate traditionally…… [Read More]
College Students Need Personal Finance Education
Often, the twenty-first century is referred to as the "Information Age." ith a few keystrokes, a large percentage of individuals on the planet is able to access incalculably large databases containing the sum of human knowledge. No longer do students have to toil for hours in paper-based libraries to complete research; most research can be attained in the home via the Internet. Furthermore, individuals can purchase Christmas presents, apply for mortgages, download music and movies, and communicate with every other individual possessing a computer and Internet access. All of these tasks require relatively little effort and even less time. Even though our century's appellation, "the Information Age," is accurate, perhaps the time in which we live would more aptly be called "the Instant Gratification Age." The world of knowledge is at our fingertips, and we can get this information fast. Patience, for some, is…… [Read More]
I do not feel that now is a good time to invest in long-term bonds. The reason is this – the value of long-term bonds decreases as interest rates increase. As this looks like an increasing interest rate environment, long-term bonds look like they would come with an opportunity cost. Short-term bonds would be a better investment in this environment..
There is a Federal Reserve rate increase expected this week, but that has already been priced into the bond market (Robb, 2017). The idea of the Fed increase is that it will place a constraint on economic growth, in which case the current economic expansion will continue "at a steady pace without overheating" (Robb, 2017). Indeed, the Fed has already cautioned that if the market does not respond with slowing conditions that "All else equal, an easing of financial conditions may warrant a somewhat steeper policy rate path." (Robb, 2017).…… [Read More]
Personal Finance: Making Good Decisions
Financial decisions can have lifelong implications. Before taking this class, although I had a basic understanding of how financial problems could be calculated as equations, I did not necessarily know how to make optimal decisions in the real world. Making good financial decisions requires making an intelligent risk versus reward analysis. All decisions require an economic sacrifice or have an opportunity cost. The money diverted to a college education, for example, could be used for investment, and the time invested in college could be diverted to full-time work. Not all economic actors will have the same fears and hopes and each person may have different comfort levels with economic uncertainty, but all decisions should be made in an intelligent way.
Example One: Renting or Buying a Home
The dream of home ownership has long been lauded as the highest goal of every American. But many…… [Read More]
The responsibility to seek out and use the most appropriate form of protection for a particular system lies with its user. If a user does not regard these duties with the appropriate seriousness, the consequences could be dire indeed. Another very threatening form of computer crime is the phishing scam.
Phishing involves email from an apparently legitimate source such as a bank or other place of business that requires the user to respond with personal information. Most commonly, banks are used as a front for these scams. The most common messages of this type is that a user's account has been disabled and will only be reinstated once the apparent company has received the specific requested data. When a user sends this data, the criminal can then use it for his or her own purposes, such as identity theft or credit card fraud.
According to WiredSafety.org (2011), phishing criminals…… [Read More]
Finally, anybody hoping to conserve money in a recession must avoid spontaneous expenses, whether at the grocery store or the mall. Purchases should always reflect what one actually needs and never spontaneous impulses to buy anything for which the consumer did not already have a conscious need in advance. Purchasing milk at the grocery store after forgetting to list it is one thing; purchasing a new pair of shoes at the mall "because they were on sale" when one already has a closet full of shoes at home is quite another matter.
Clark, K., Gibbs, L., and Poppick, . "Three reasons to LOVE the slowdown." (28 ep
2011). Retrieved from CNN Money Magazine at:
Kadlec, D. "Five Ways to Prepare for a Double Dip." (20 ep 2011). Retrieved from Time Moneyland at:http://moneyland.time.com/2011/09/20/5-ways-to-prepare-
Nance-Ash, . "New Freshman 15: Financial Tips for College tudents." (1 Aug 2011).…… [Read More]
Open communication is key to organizational success, and this openness can be demonstrated to employers through honesty and forthrightness (within the bounds of professionalism, of course) during the interview process.
In addition to these directly employment-related knowledge and skill areas, the course I took in Personal Finance will have a substantial positive impact on the way I approach my profession and my attractiveness to potential employers. Not only have I been provided with information on how to spend wisely, save appropriately, and even gauge investment opportunities in my personal life -- all of which will give me enhanced stability and security, which will be seen as a benefit by potential employers -- but these skills will also transfer to my profession in terms of assisting home health care recipients and practitioners alike in reducing their own expenses and thus providing additional value to expected services and relationships. In addition, appropriate…… [Read More]
personal cash management policies and practices. The paper starts with by stating the methodology through which the content was collected for the relevant literature in the paper. The paper then presents a clear definition of what cash management is and presents an overview of some of the most utilized personal cash management practices. The literature review also presents numerous internal cash management policies and practices that can prove to be feasible and profitable on the personal level. The paper concludes with an overview of all the facts discussed.
In order to collect relevant data for the results, concise and yet comprehensive information related to the topic have been compiled from articles published online individual researchers, practitioners, as well as, international research institutions. The aim of the study is to critically review the strengths and weaknesses of both conception and implementation of research pertinent to our topic -- Cash…… [Read More]
PESONAL & OGANIZATIONAL ETHICS
Personal and Organizational Ethics Values for, for-Profit and Non-Profit Organizations
Ethics is a requirement of the society to both individuals and organizations. Ethics are applied to business and personal behaviors, and are used to determine how companies and individuals abide to policies. To indicate the application of ethical principles in organizations, an analysis is carried out of For-Profit and Non-For-Profit organizations, in this case Bank of America and Boys Club of America. This is by analyzing an ethical dilemma they are experiencing, their approach to the problem, and the legal, political, and social outcomes emerging from this cause of action.
The Boys Clubs of America is a non-for-profit organization founded in 1860s in Harford, Connecticut Formed with the aim of giving boys who roamed the streets a positive alternative. The club has undergone major changes beginning in 191 when several boys' clubs affiliated to…… [Read More]
The experience has proven to be a real world confirmation of what I want to do in my professional life. I was charged with handling financial computations, modeling, forecasting and transactions. While doing so, I knew I have found my niche in life and need only gain both theoretical training and further real world experiences to become the best I can be in my chosen field. Once I have completed my graduate studies in Finance, I intend to apply for work at leading firms specializing in international finance and trade. This will enable me to apply knowledge learnt in undergraduate and graduate studies. Graduating from two prestigious institutions in the United States will accord me the opportunity to practice anywhere in the world since I have had the global education necessary. It will be a different world since I would have left the secure confines of the academe and enter…… [Read More]
As a part of my work, I have conducted on-going analysis and monitoring of the risks involved in a variety of investment funds. I remained at the cutting edge of market research, for I must be aware of the subtlest differences amongst different funds. This invaluable work experience has not only steeled my stomach to risk, but has shown me the importance of mathematics and programming in the financial field. Quantitative data, properly studied, remains the most invaluable tool in risk management today.
I have also already begun my initial creative work in the field. Recently, I developed my first quantitative model at work, an original program using Excel to generate risk ratings for different funds, based on statis data. Through my employment as well I have broadened my knowledge base about derivates in the capital markets products, through direct involvement in transactions as well as self-study conducted at in-house…… [Read More]
arren advises families to cut back, and essentially budget themselves as if they only had one income. Pay the regular, family expenses from one salary, rather than from both salaries as 'insurance' for the rainy day that will inevitable come. Families must need to engage in regular 'financial fire drills' -- doing a preliminary audit of expenses, to make sure they can still remain solvent with their heads above water, provided they face some unexpected circumstance or simply a downturn in the economy, as is occurring today because of the increased price of gas and looming recession. According to arren's companion book All Your orth, families must clearly distinguish in their budgets from 'Must Haves,' such as rent, mortgage, gas, food, and car payments, with 'ants,' or extraneous expenses. If 'Must Haves' exceed 65% of the family budget, the family is courting disaster, given that one financial setback could mean…… [Read More]
For example, many of the large investment banks may choose to deal only with large deals will have minimum transaction sizes. Therefore, the first consideration may be the suitability of the bank given the size of the organization. There may also need to be consideration of the degree of attention and expertise that the investment banker direct with the company, even if the minimum is met, large organizations with a large number of clients may have a higher level of expertise that can be directed, but they may also be more focused on large clients. This can only be assessed by talking to the relevant investment bank.
Prior to taking on any investment bank it will be necessary to allow the investment banker to make a pitch. oss details of the organization's financial position may be given prior to this pitch, but an investment banker should be willing to sign…… [Read More]
Personal Financial Situation
The management of a Fortune 500 organization utilizes financial statements to craft corporate strategy on a quarter to quarter and year over year basis. These statements: balance sheet, income statement, and statement of cash flows contain crucial financial information which explicates how successful a company has been and its potential future prospects. These same three statements can be used by me as I face financial scenarios which require examination of assets, income, and its sources.
I will look to my financial statements as I seek to purchase a home, save for retirement, and contemplate starting a small business. A corporation's financial statements are contained in the annual report distributed to shareholders; my personal financial statement will contain the same data in a single page format. The balance sheet portion "summarizes a company's assets, liabilities and shareholders' equity at a specific point in time (Investopedia. N.D.);…… [Read More]
If given the opportunity to amend the policy, what action would you take and why?
The national proposal to increase sin taxes on alcoholic beverages is long overdue and should be supported not only by all sectors of the government but the American public most especially. The fact is well-known that alcohol consumption is not only dangerous for the consumer but also has various economic and social harms for the society as well as users' immediate environment. It means that alcohol can affect not only the drinker but other people in the form of violence or road accidents. Taxing alcohol at higher rates will provide a mechanism that will taper buying due to high prices. But I believe that taxing alone should not be the only thrust of this policy. Rather, continuous education and awareness campaigns by both the public and private sector will go further to ensure that people…… [Read More]
Bernie Krisher of American Assistance for Cambodia set her up in Phnom Penh twice more, but each time she ran away after a few days, desperate to get back to her meth supply" (Kristof and uDonn, p.39). hile I have not returned to Mexico and the carefree lifestyle I led there, I cannot deny having the desire to do so, on occasion. hile I know that the life I lived there was not the right life for me, I still long to return to it on occasion.
Of course, the differences in countries and cultures are, in many ways, becoming less apparent as the world becomes more global. This globalization has challenged the existing social structures in many countries, including those countries with castes or caste-like socioeconomic divisions. Discussing India, Kapur stated that, "ancient social structures are collapsing under the weight of new money. Bonds of caste and religion and…… [Read More]
I studied there for two years and then again relocated to complete three years of college at California State Northridge.
My five years of education at these two universities, as well as my education in Australia have exposed me to many varied international peoples and has further broadened my understanding of the diversity of language and culture. As a student I am clearly focused on group work as an essential element of success in education and demonstration of knowledge and this has been greatly influenced by my exposure to many cultures and friendships with many diverse individuals. Group work is also essential in business and I hope that my focuses as a business/finance major in group work success will aide me extensively in my career.
Within the development of my personal and educational life I was drawn to Finance as a professional and degree goal. I have extended this commitment…… [Read More]
Chomsky warns of ideological motivations of some scientific paradigms, just as with the aforementioned racial emphasis of early anthropology. Here, Russell espouses a Platonic episteme by enunciating the expectations of behavior between different classes. While Plato philosophized that persons are born with the characteristics fitting of their caste, Russell envisages a society in which "ordinary" men and women are expected to be collectivized and, therefore, devoid of individual expression.
Jean Jacques Rousseau paid his respects to the philosophy of Plato, although he thought it impractical, citing the decayed state of society. This sort of romanticism has been downplayed by the modern scientific establishment, who denounce the noble savage theory of human nature. Humans are not born purely good, modern science maintains. Instead, evolutionary traits are promoted at the biological level, thereby giving rise to how people are. It is not society that corrupts, but rather an interrelationship between…… [Read More]
Sorkin, however, posits no argument per se. ather, his book offers insight into how the financial crisis manifested from a far more personal perspective of those involved than anything else. The book is informative in nature, and give insight into some of the thought processes and activities those on the outside may not otherwise be exposed to or privy to. The title of the book sums it up best, and the book outlines how the banks and the primary players and stakeholders have become too big to fail. The book highlights the self-interest of those in charge of some of the biggest financial institutions in the world and their blatant disregard for Main Street.
The book has a place in the larger academic debates raised within public knowledge because it adds to the public's real knowledge of those involved in the nation's financial industry and government offices. Instead of speculating…… [Read More]
It was also very interesting to note that many large suppliers may actually step in to help their troubled client. Again, this makes sense, especially if the client is a long-term business partner doing a major amount of business with the company. Saving a company actually makes sound financial sense in these cases, and uniting with a group of company creditors is also a good idea. It seems that for the most part, when a company runs into financial difficulties, if they are a viable and respectable company, there are resources available to help them regain their footing and continue business. This shows how important it is to always have excellent relationships with customers, no matter what business you engage in.
Brownstein, Howard and Edward Gavin. "When Bad Things Happen to Good Customers." Business Credit, June 2003, retrieved from ProQuest…… [Read More]
The FCF-based valuation model is based on the following formula:
EBIT (1-Tax Rate) + Depreciation & Amortization - Change in Net orking Capital - Capital Expenditure
is the free cash flow each year, C0 is the original cash outlay, and r is the discount rate. The free cash flows in this type of calculation are only those cash flows that are incremental to the investment decision. Thus, they do not include such non-cash items as depreciation or amortization expense, and they do not include either sunk costs or non-incremental flows like overhead allocations. The r is the discount rate, and the firm can select its discount rate from a number of different options. The most common, and arguably logical, is the firm's weighted average cost of capital. This reflects the firm's cost of equity, its cost of debt and its capital structure, with allowances for preferred shares…… [Read More]
I'm also good at communicating with the internal and external stakeholders of an organization. For example, at Sam Jacinto Community College, I was constantly interfacing with the athletic department and ground maintenance. And, as a sales manager, I developed a wide range of communication networks with area businesses and vendors.
A also believe that I have the unique breadth of skills required in education administration. y earlier work in the field of boxing clearly demonstrates my ability to handle complex and diverse tasks. I was effective at many activities such as promoting events, organizing local sponsorships, producing newspaper and television advertisements, completing contracts, setting venues, establishing commissions, selling tickets, booking hotel and food accommodations, making travel arrangements and paying operating expenses. Administration was also a large part of my sales management responsibilities that included ensuring acceptable revenue generation, tracking company inventory, expenses and payroll, preparing contract proposals and loan documents…… [Read More]
Personal Model of Ethical Leadership
Leadership has been defined as the "procedure of social influence where a person is able to enlist the aid and support of others in the achievement of a common task" (Jam, 2012). Leadership is something that remains as one of the most appropriate features of the organizational context. A leader is an individual who influences a group of people in the direction of a specific result. It is not really dependent on title or official authority. Leaders are normally recognized by their volume for caring for others, clear communication, and a commitment to persevere. Some experts believe that good leaders are made not born and others say the opposite. Some leaders have the belief that when people have the willpower and desire, then they can become an effective leader. Some managers even mention that a good leader develops through a never ending procedure of self-study,…… [Read More]
==> With over ten years of administrative, managerial, retail and title work experience and degrees in accounting and public administration, I hope to share with my colleagues what I have learned and experienced in teamwork, communication, leadership, business ethics and human resource strategies. I believe that my positive outlook and enthusiasm will encourage my peers to explore their full potential and to use their education to find a personal sense of purpose and vision.
Real-world business challenges that the candidate currently faces that might be explored using the knowledge that the candidate will attain through his or her participation in the MBA program.==>
I am under considerable economy-related challenges in my retail and government jobs. It is definitely a challenge maintaining a viable retail store during these difficult economic times and profitability has definitely suffered. Far too often, I struggle to keep up with the prices of competitors and understand…… [Read More]
Check also if they have the lowest possible interest rates on loans, mortgage or credit cards. A married individual should also determine their future financial goal which is time bound and measurable: when to pay debt; establish educational funds for the children; or payoff the mortgage. Then, the individual should design a plan to reach his established goals and take that plan into action. Keep tract of income and debts, make sure to be in the budget or have enough emergency fund for uncontrolled events. Lastly, monitor the set plan. Keep tract of the progress in reaching the financial goals monthly or quarterly, update the net worth statement at the same time and be ready to make adjustments if the individual deviates from the plan.
http://financialplan.about.com/od/personalfinancebasics/ss/FinancialPlan_5.htm… [Read More]
The SMCO site would serve as a portal bookmark and I might return to it if I needed to research a topic and needed to know at once a list of all the major business trade magazines, or if I needed to find multiple ways of checking company data on sources like ZDNet and Bloomberg Financial Market reports. I can see how the SMCO would be a helpful place to start compiling material for a case study. The SMCO also comes in handy because it would be too cumbersome to bookmark all the links offered there.
Several issues about the website seem disappointing, though. The SMCO's graduate school links is practically useless. Instead of offering a list of programs and departments, the SMCO simply gives useless links such as to the Kaplan GMAT Test Prep. Undergraduate or transfer students would find it much more helpful if the SMCO listed universities…… [Read More]
(Quite recently, she recently passed away, and the loss has been devastating to me and my family. To give tribute to her memory, I continue to press on in my work, and hope that my eventual degree will be a lasting credit to her memory).
The method of teaching in America was very different than what I had experienced in Bangladesh. In Bangladesh, students listen and take notes, and accept what the teacher says as the gospel truth. In America, students are encouraged to argue and debate with the professor, and if they do not they are regarded as less engaged with the material. In my eyes, the attitudes of my American colleagues seemed startling and challenging.
A far higher level of personal independence was expected in America than in Bangladesh. Students were encouraged to select their classes with relatively little assistance. Because of the large nature of UTA, there…… [Read More]
Personal Statement -- Oct.
My life story thus far has not been the kind of existence most people my age have had to experience. From a very young age, I had to be the man of the family, supportive to those around me and a rock that others could rest their emotions on. When I was little, everyone who knew my father would remark how much I reminded them of him, particularly because of the blue eyes that I inherited from him. When I was eight years old, my father passed away and often it would hurt the people around me to look into my eyes. They would too often see him reflected on my face. So not only was I put into a difficult position by having lost my father, in a way I had to make up for his absence.
This taught me to be strong and to…… [Read More]
During my third year of my undergraduate studies in mathematics I was struggling to stay attentive to my required courses. Although I deeply enjoy mathematics and mathematics theory, I was finding that much of my academic time was being spent studying theories and abstract material. I also found that I couldn't discuss my work with many of my friends outside of my major because the topics were not relatable. After experience some deep frustration during my first term, I enrolled in an Operations Research course and from the first day of class, and I enjoyed the course material and the very practical mathematics applications we discussed and read about. I began learning about topics that connected mathematical analysis to concrete issues in the financial and technology industries, and for the first time I saw how my coursework related to many current events. My near-perfect grade in the course…… [Read More]
This is especially likely given the fact that prices are increasing faster than wages and faster than interest rates. There is little incentive to save, as inflation erodes the value of savings at current savings account interest rates. Instead, consumers are motivated to put their money to better use, which for them means purchasing the goods that they want and taking advantage of a newly-soft housing market in order to upgrade their homes. It is for these reasons that I believe the overall trend towards lower savings rates will continue, even if the current decrease does not hold over the long-term. As soon as consumers believe that the economy is set to improve, they will start spending again and this will reduce the savings rate again.
Only a renewal of economic crisis, perhaps spurred by the euro debacle, could undermine the long-term trend. Britons are most likely tired of saving,…… [Read More]
Since 2010 the organization has demonstrated a decline in revenue of 11.08%. However, one would expect some decline as a result of the divestments took place in 2011.
The gross profit for the year ending 2012 was $8,019, which equates to a gross profit margin of 22.21%. However, the operating profit demonstrated a loss of $519, hindered by high ongoing Goodwin and intangible asset charges. However, was a lower operating loss compared to the operating loss in 2011 when it was $976.
The income statement shows the net earnings. In financial ***** earnings may be presented either before or after tax. As Supervalu are struggling and benefited from a negative tax payment in 2011, this report will use the definition of net earnings being earnings after tax. Calculated after provisions for income tax, showed a loss of $1,040, equating to -2.88%. However, it is notable that this is an improvement…… [Read More]
Consortiums and collaborations
Harvard is part of the original Ivy League sporting conference, encompassing Yale, Princeton, Brown, the University of Pennsylvania, Cornell, and Dartmouth. Harvard students are also able, with permission, to take classes at MIT and at Harvard graduate institutions. Harvard offers extensive study abroad options.
Harvard has 41 Division I intercollegiate varsity sports teams for women and men, more than any other Division I college in the country. Harvard is also a proud member of the Ivy League, which is a sporting conference of some of the nation's finest academic institutions (Athletics, 2009, Harvard College).
Harvard has an extensive network of student-directed community service organizations: "Students direct over 120 different programs in and around the Greater Boston area" (Community outreach, 2009, Harvard College). Student-lead groups include afterschool tutoring programs for the disadvantaged members of the community, health awareness and drug abuse prevention programs, mentoring…… [Read More]
Personal Statement - Biology Program
I first experienced working in healthcare at the XYZ Home, a nursing community in my hometown of XYZ City, XYZ State.
From 19##-19##, while still in high school, I worked as a volunteer with elderly residents. During those two years, I helped organize social activities for the seniors. I assisted with feeding duties and helped the residents get involved in physical activities, such as stretching limbs or a simple walk around the garden.
The best part of the job, however, was being a valued part of lives. In addition to the official duties, I often read to some of the older. A tall, proud, World War II veteran regaled me with tales of fighting in Normandy. Elizabeth, a sweet, frail-looking grandmother even tried to teach me how to crochet.
I have always found great fulfillment in healthcare and in being part of people's recoveries. For…… [Read More]
A seasoned professional, both my academic and career experience has prepared me to contribute to your program. I received my achelor's Degree of Science and Marketing from the Arab Academy for Science and Technology in 2003. In 2009, I furthered my education by obtaining a Master's of usiness Administration and Organizational Leadership from Johnson and Wales University in Providence, Rhode Island. So far, my curriculum has covered relevant topics such as cross cultural leadership, effective communication, International law, and professional ethics, in addition to a variety of other courses dealing with business, management, organization, and finance. With the preparation provided to me by my academic history, I am ready to become an effective contributor to your PhD program. My previous education has not only provided me with the tools to understand basic and advanced concepts of organizational leadership and marketing, but it has also procured for me a greater interest…… [Read More]
Target's chart, however, shows that the company has tracked the market and GDP fairly closely, indicating that perhaps it does not trade the way a discount retailer should.
Johnson & Johnson
JNJ is a pharmaceutical and consumer products company. It competes in pharmaceuticals, consumer products in the health and beauty segment and in medical devices. The company was founded in 1886 and today is a multinational conglomerate with operations in 57 countries and with approximately 250 subsidiaries.
To a certain extent, JNJ's product line is price inelastic. Pharmaceutical demand is tied to overall consumer demand and the state of the economy, but not to the same extent that many other consumer products are. As a result, JNJ would be expected to have less significant swings in its stock price relative to the GDP, other macroeconomic indicators, or the Dow Jones. The stock, however, has traded roughly in line with the…… [Read More]
This in fact gives Buffet the upper hand to know that his investment will turn around and bring substantial monetary gain to him and his business over the longevity of the business holding.
What might account for the share price increase for Berkshire Hathaway at the announcement? In actuality, Buffet used a simple component that was recognizable through most of his other business purchasing transactions. In all transactions, there would be an increase in the offer per share. Another cause of the increase could be that often interest in a company would significantly increase when Berkshire Hathaway would become involved. Due to being, a well-known substantiated person/company that is significantly known for increasing the value of a company, not necessarily in the short-term but yet using concepts dealing with longevity. In fact, it is evident that when buffet is considering such an accusation that he has increased the dollar per…… [Read More]
ehavioral Finance and Human Interaction a Study of the Decision-Making
Processes Impacting Financial Markets
Understanding the Stock Market
Contrasting Financial Theories
Flaws of the Efficient Market Hypothesis
Financial ubbles and Chaos
The stock market's dominant theory, the efficient market hypothesis (EMH) has been greatly criticized recently for its failure to account for human errors, heuristic bias, use of misinformation, psychological tendencies, in determining future expected performance and obtainable profits.
Existing evidence indicates that past confidence in the EMH may have been misdirected, as the theory's models do not show a thorough understanding of trading operations in a realistic light.
Researchers have suggested that a variety of anomalies and inconsistent historical results demand that traditional financial theories, namely the EMH, be reconstructed to include human interaction as a key decision-making process that directly affects the performance of financial markets.
This research paper aims to determine whether or not there is a…… [Read More]
Purchasing Personal eal Estate
eal property or real estate is legally defined as land, together with the buildings situated upon it (Find Lawyer, 2015). A more comprehensive definition of the term is property, comprising of land together with the buildings situated on it, as well as natural resources like water, crops, or mineral; immobile things of this sort; a vested interest in the land; and, in general, housing or buildings. It further covers the real estate business, which denotes the business of buying, renting, or selling, land, housing or buildings (OED, 2015). This essay will address the residential property purchasing process for first-time buyers.
Making the ight Choices
The activity of selling or purchasing a home may prove rather time-consuming and complicated. Even prior to making major decisions with regard to which land one should purchase, which housing loan one should choose, or which real estate agent one should engage…… [Read More]
personal statement emba additional details hesitate mail.thx SARFARAZ IQBAL PATEL Dubai, U.A.E Mob # 00971506505573 E-mail: -- KEY PROFICIENCIES INCLUDE: • • Business Development • Recruitment selection • Motivation Reward • Key networking skills • Strategic Accounts • Employee Development • Relationship Development • Market Identification ? PROFILE Highly qualified professional strong background Sales, Sales Management, Business Development Account Management collaborative environments.
Personal statement: MBA
I have over twelve years of experience in sales and marketing leadership positions with my current employer Orchid Gulf FZ, an independent trading company specializing in luxury paper. As part of my work for Orchid, I have cultivated relationships with a variety of international companies, spanning from Fedrigoni (Italian), Mohawk (U.S.A), Schefeulen (Germany), to Terraskin (U.S.A). My position has enabled me to become fluent in a variety of business customs, cultures, and attitudes. I seek to broaden and develop this fluency over the course of…… [Read More]
Personal and Organizational Ethics and Values between for-Profit and Not-For-Profit Organizations
For-profit and not-for-profit companies often operate very differently from one another. Here this will be shown with a comparison between the American ed Cross (a not-for-profit company) and the Coca-Cola Company (a for-profit company). The background of each one of them will be addressed, and they proposed solutions and recommendations will be discussed. Each company has its problems, whether it is for-profit or not, but there are unique problems faced by each kind of company. The differences in whether they are for-profit or not-for-profit can have a significant effect on the companies themselves and whether they are able to continue being successful or whether they must make changes in order to see growth and development in the future.
Case Study Analysis of Personal and Organizational Ethics and Values between For-Profit and Not-for-Profit Organizations:
The ed Cross and Coca-Cola
Introduction…… [Read More]
finance and financial entrepreneurship. The basis of the article is on a discussion that was held on this subject among four leading lights of financial entrepreneurship in the United States - Michael Milken, Lewis Ranieri, Richard Sandor and Myron Scholes. These people are famous in their own right and have had a sizeable role in financial entrepreneurship in the U.S. over the last 20 years. We have first discussed their achievements to get a clear idea about their personal achievements. This would certainly give a clear idea of what is possible in the U.S. today. They are of course interesting characters and one has to remember that the ideal entrepreneur of the 21st century cannot be thought of as an updated version of Henry Ford. After the discussion of the people, the meeting and the discussions held there are summarized. ased on the total information collected, we have come to…… [Read More]
child growing up in China I have had an interest in business. I would often sit and watch shop keepers and store owners run their businesses and think about how I would one day run my own place. As a learner and thinker, I have always been drawn to education and I loved school. My education eventually brought me to California to study at USC, and now, after completing my B.A. In finance, I'm decided to pursue advanced studies in economics.
As an international student at USC I've had the opportunity to work and learn with a very diverse population of students from both the United States and abroad. The varied perspectives of my classmates help me understand that the study of economics and business is an intricate mixture of finance, culture, and even language. As I explored the options for my graduate studies I became interested in attending the…… [Read More]
Despite of a global economic recession, China surpassed Japan in GDP to become the second-largest economy. This is great news but it disguises the real impact of China's economic growth on social and political affairs in the country. Housing prices are so high that most young Chinese people cannot afford to buy even the smallest house. ncome disparity has grown between the rural poor and the comparatively wealthy urbanites. Compounding the problem are quality of life factors, such as water and air pollution.
have myriads of questions and concerns related to my country's role in the world, and how it is addressing its domestic problems too. My interest in economics as a field of study stems from a personal understanding of the links between issues like GDP and growth to the underlying social and political problems in a country like mine. My parents helped me to see this…… [Read More]
1. Description of your leadership philosophy
a. Fundamental leadership concept
The main emphasis emerging from the transformational leadership concept is for nursing leaders to produce not just constructive but also valuation challenges for their subordinates and followers for the realization of the established organizational objectives. Based on Damirch, Rahimi, and Seyyedi (2011), the famous James MacGregor Burns created this design when researching governmental leaders; nevertheless, its good effect traversed to other fields and areas. In my situation, the importance given to the transformational leadership idea is related to its development of a higher-performing, dedicated personnel when used in health-care institutions. In medical centers as well as other treatment institutions, transformational leadership could be carried out within any institutional system or department like worker groups, divisions, sectors, as well as at the top leadership (Choi, Goh, Adam, And Tan, 2016). Essentially, this idea improves not just the inspiration but the overall…… [Read More]
Currently, there are approximately five to six special interest group lobbyists working on behalf of the private health insurance industry for every single publicly elected representative in Washington, D.C. (eid, 2009). The breakdown of political support for legislation and policies that benefit the industry reveals a remarkably close association between political contributions from that industry and the voting and statement records of political representatives (Kennedy, 2006; Tong, 2007). It is no surprise that the major source of opposition to some of the most potentially beneficial elements of healthcare reform at issue today comes from the representatives who have received the largest campaign contributions from the private health insurance industry and representatives from states where the largest corporate parents of private sector health insurance companies (eid, 2009).
Preventative Medicine and eimbursement Based on Beneficial esults
Sufficient information already exists from other nations that very strongly suggests that any efficient, affordable, and…… [Read More]
activities since high school. Include jobs held, extra curricular activities, service, and volunteer activities, honors, and awards, any military or other service to the country and any significant periods during which you were neither employed nor enrolled in school. Also, explain in detail any two of the activities that were most meaningful to you.
If you were to meet me in my ordinary, grounded daily life, you would probably have no idea that in my not-so- copious spare time I am learning to fly a single engine airplane. Eventually, I hope to obtain my private pilot license. Yet although I have spent more than my fair share of time in the air, most of my life's work and my life's passions have remained securely grounded, focused upon helping others and communicating with others in the medical profession.
After graduating from high school, I began work at the Tug Valley Veterinarian…… [Read More]
Business -- Human esources
Personal Financial Advising
Personal financial advisors review the financial needs of people and help them with investments, tax laws, and insurance decisions. Advisors help their clients recognize and plan for both long-range and short-range objectives. Advisors help clients plan for retirement, education expenses, and general investment decisions. Many also supply tax advice or sell insurance. Even though most planners offer advice on a wide assortment of topics, some specialize in areas such as retirement and estate planning or risk management (Personal Financial Advisors, 2009).
Personal financial advisors regularly work with a lot of clients and frequently must identify their own customers. A lot of personal financial advisors spend a great deal of their time advertising their services. A lot of advisors meet probable clients by giving seminars or by way of business and social networking. Identify clients and building a customer base is one of the…… [Read More]
Master's degree in Finance from MIT Sloan. I have embarked on a number of high-level internships that have given me significant financial industry experience. This has been built on a foundation that includes a high-quality undergraduate education, along with several years of working experience.
In terms of competencies, I have the necessary mathematical skills in order to excel in the Finance program. I achieved my B.Sc. In mathematics at Bogazici University in Istanbul, which is one of the top universities in Turkey. I know that advanced-level finance requires not only mathematics but also extensive work with computer software, and I have built my skills in that area as well. Additionally, I have worked to become a talented writer, able to express my ideas with clarity and concision.
One of my greatest strengths is in leadership. I have worked to build my leadership skills as well over the past few years.…… [Read More]
Tax Research Memo
Personal Injury winning treatment and other issues research
John Smith tax issues
Treatment for purposes of Federal Tax Income of $300,000 fee received out of the amount awarded by Jury.
Applicable Law:Any winnings in a personal injury lawsuit that cover the treatment of physical injuries are not taxable except for attorney fees which are taxable. IRC SEC 104(a)(2).Taxability also depends upon the place of residence of the taxpayer.
$300,000 received by John Smith as fees from jury award is taxable for federal tax income purposes.
Treatment for purposes of Federal Tax Income of $25,000 expenses paid upfront and received out of the amount awarded by Jury.
Applicable Law: Any winnings in a personal injury lawsuit that cover the treatment of physical injuries are not taxable except for attorney fees which are taxable. IRC Sec 104(a)(2).Any expenses can be claimed as a deduction.Taxability…… [Read More]
The most difficult task for individuals starting business is raising the initial capital required to kick-start the business. A budding entrepreneur may have the necessary ideas about starting a successful business empire but without initial investment, the idea may as well be dead and gone. For this reason, this report outlines several sources of finance a business can source from, their implications, cost as well as appropriateness. These sources include venture capital, bank loans, friends and family, savings and credit cards among others.
Risk of Loss
Friends & Family
Usually good rate or none
Flexible, best value
Can create friction
Home Mortgages - Traditional or Seconds
8-14% on equity loans
Very long and flexible
80-100% + of home equity value
Cheapest, longest term
Your house is at risk in the event of non-payment
Credit…… [Read More]
Campaign Finance and its effect on Outcomes of Elections
In this paper, we are examining the underlying trends in campaign finance. To do this we will look at four different gubernatorial campaigns. Once this takes place, is when we will be able to see what patterns are developing in how campaigns are financed.
Over the last several decades, the issue of campaign finance and its outcome on elections has been increasingly brought to the forefront. Part of the reason for this, is because the relationship between politics and special interests will come together during an election. As political candidates, are forced to run for office through spending massive amounts of money. While having to accept funds; from a number of special interest groups that have active memberships throughout the country. This has led to a host of scandals with names such as Watergate, illustrating how this relationship between political and…… [Read More]
Accounting and Finance
Henkel AG is a multinational company focusing its brand and technologies in three business areas that include Beauty Care, Laundry & Home Care and Adhesive Technologies. Established in 1976, the company holds its global market positions in both the consumer and industrial products with well-known brands that include Lactate, Persil, and Schwarzkopf. Henkel's headquarter is in Dusseldorf in German and the company has over 47,000 employees globally. Typically, the company is considered among the most "internationally aligned German-based companies in the global marketplace." (Henkel 2012).
Objective of this paper is to use various financial models to carry out financial analysis and valuation of financial Henkel AG.
One of the methods to carry out the valuation of a company is to use enterprises discounted cash flow (DCF). The DCF could be carried out using WACC (weighted average cost of capital) that represents the opportunity costs that…… [Read More]
But my annual expenditures are estimated at about 21,400, which mean that I will lack 3,400 to keep this level of my expenses up.
Professionally prepared personal financial statements can be required to admit in many different situations, such as various financial transactions; working out estate, retirement, or other financial plan; making a guarantee; identifying the property before signing the marriage contract or under a divorce proceeding; running for a public office; or, of course, obtaining a loan. In my current financial situation, I am considering obtaining a student loan to pay for my future studies and meet my financial needs. In this very situation I will have to provide a clear financial statement of my current assets and liabilities. This will give the bank the precise information on what kind of borrower I am.
I would like to apply for financial aid from the state. If I do not…… [Read More]
Personal Financial Situation
This essay examines the personal financial statements of Manny Harris, part-time student and part-time sales associate at Wal-Mart. Manny is considering three significant life events that will affect details of his financial statements.
The first significant change in his personal circumstances that Manny is considering is whether to apply for a loan so that he can afford to attend college full-time. Manny is concerned with the trade-offs involved; he wonders whether a bachelor's degree will help him obtain a job with sufficient compensation to justify the burden of paying back student loans. According to Oloffson in her Time magazine article, Manny's concerns are well-founded. The cost of average tuition rose by 6.5% during the fall of 2009, and the average amount of student debt rose to $23,200 in 2008. However, the unemployment rate for recent graduates rose as well, and stood at a record high…… [Read More]
Business Finance for PizzaPalace: Analyze and recommend optimal capital structure
Assume you have just been hired as a business manager of PizzaPalace, a regional pizza restaurant chain. The company's EBIT was $50 million last year and is not expected to grow. The firm is currently financed with all equity, and it has 10 million shares outstanding.
When you took your corporate finance course, your instructor stated that most firms' owners would be financially better off if the firms used some debt. When you suggested this to your new boss, he encouraged you to pursue the idea.
As a first step, assume that you obtained from the firm's investment banker the following estimated costs of debt for the firm at different capital structures:
P e r c e n t FI n a n c e d w I t h D. e b t, w d r d
8.0%…… [Read More]
Pursuing an MS in Finance is the first step toward beginning the rest of my life. I am excited to be this close to graduating from college and taking the next step, entering graduate school. I am pleased about moving closer to launching my career and about exploring the possibilities that lie ahead. This Statement of Purpose discusses my progress to this point and my plans for the future, and considers how an MS in Finance will help me achieve my goals.
Because I understand that a Masters degree does not automatically qualify me for career advancement, I want to pursue realistic goals, and that includes personal satisfaction. Whenever I have considered my long-term educational plans, I always thought in terms of a Masters degree, and possibly even a doctorate. So obtaining a masters degree will satisfy one long-term goal and put me in position to pursue another…… [Read More]
Department of Finance is the lead agency supporting the Government's key economic and financial policy outcomes through the provision of advice and coordination of resource allocation for Government programs. It also provides financial services to the Government and the community, covering asset and liability management, collection of state taxes and insurance and superannuating administration. The organization is made up of a diverse group dedicated people with a wide range of skills, including accounting, finance, economics, business service, insurance, superannuating and management.
The Finance Department is comprised of three divisions:
Finance Administration Division
This division is responsible for the overall direction and policy implementation. It is also responsible for coordination of the Finance Department, which includes:
a) Budgeting and Accounting
Finance is responsible for the preparation, implementation and monitoring of the City's Operating, Utility and Capital budgets. The focus is to administer these processes to meet the needs of the community,…… [Read More]