To What Extent Would Drawing Up a Cash Flow Forecast Essay Example For Students

To What Extent Would Drawing Up a Cash Flow Forecast Essay These objectives may consist of a break even chart or in general, a strong positive cash flow. This can be achieved with having an organized cash flow forecast. It may be difficult for a new business to forecast sales because there is no previous data to base the predictions on. This means that it needs to be as accurate as possible however, you cannot predict the future so therefore the cash flow forecast is only as good as the sales prediction and as good as the cost estimates. In reality the predictions may not be true, This means that further down the line, the forecast may not be as accurate as originally thought when it was drawn up The main objective for the newly established businesses will be to survive as a business. Taking aside the short or long term success, surviving will be the main priority. Along with this, managing cash is also important. The cash flow forecast will enable the business owner to see how the cash is managed and Whether an overdraft from the bank is needed and if an overdraft facility s needed. We will write a custom essay on To What Extent Would Drawing Up a Cash Flow Forecast specifically for you for only $16.38 $13.9/page Order now It will also highlight any immediate problems which will have to be sorted out. Another problem is that it doesnt tell you anything about profitability and focuses purely on cash so you dont really know a long term target. To overcome this I would suggest to draw up a Break-even plan as this focuses on sales and when losses turns into profit. This accompanied by a cash flow forecast would ensure an overall management and understanding of where the money coming in and out of the business is coming and going and in what quantity. To accompany these two documents, a business plan may be useful if the business owner was to go to a bank or potential investor, In conclusion, a cash flow forecast is a useful document as it shows where the expenditure for day to day expenses are going and where they are coming from. If one is accompanied by a break even plan (highlighting sales, profits and costs) and a business plan, there is an overall cash, cost and profit overview which can be managed. To What Extent Would Drawing Up a Cash Flow Forecast Increase the Chances of This Business Being Successful?

Essay on Ecommer Revolution

Essay on Ecommer Revolution Essay on Ecommer Revolution 4) Describe at least twelve major intermediate objectives the company set. Try to include objectives for most business functions, including marketing, human resources, finance, and operations. 1) Grab a chunk of the ecommerce revolution Obstacles: They needed to build their brand and market them self to the global market. 2) Buyer, seller, and banking relations during the transaction Obstacles: Smooth buyer, seller, and delivery process. Also they had to find a way to coordinate global banking between institutions. How other companies overcame this: Other companies do this by creating a notification system for both the buyer and supplier. An example of this is Amazon. When a person posts an item and a buyer is found a notification is sent to the supplier. The supplier than can cancel the order, purchase shipping or print a label on their own. Before, any money is exchanged shipping must be confirmed by the supplier and additional information must be given about the shipping. The site also allows for communication between the buyer and seller through a generic automated email system provided by Amazon so not personal information is given out. 3) Help develop and promote e-commerce payments platform Obstacles: Find banking institutions to work with them. Make global banking easier so there is not a delay between the buy and seller, especially in the Chinese market. 4) Move beyond fee-free service while retaining membership Obstacles: find a suitable price range to keep members. Offering enough so the customer is getting more than what they pay for. 5) Personnel retention Obstacles: Employees leaving to find better work. Becoming a short-term employment opportunity. How other companies overcame this: I know that companies like Dow Chemical and Dow Corning offer their employees lucrative stock options within the company. They also offer their employees great benefit packages. Also companies like Dow and most places of employment offer to pay for school but you have to sign a contract to work for the company longer. 6) Marketing push in China Obstacles: Branding themselves in the vast Chinese market. Setting themselves apart from the competitors that are already in the market. How other companies overcame this: Other companies do this by doing an extensive ad campaign before any product is sold in the market they want to join. They also become familiar with the business laws, practices and customs of the area. An example of this Sonic, the fast food company started to air television ads before they actually opened a restaurant in this area. This got people to start to talk about and look for the restaurant in the area. Also companies sign famous people to the market to promote their brand. More specifically companies such as Nike use famous people in the market to help them promote their brand, For example Yao Ming. 7) Generating more income Obstacles: Pricing of services and membership and finding additional financial backers to help them develop and expand their company. 8) Give a platform for SME to promote themselves broadly Obstacles:, SME’s generally cannot compete with the bigger companies How other companies overcame this: Other companies do this by offering advertisement space or web space for other companies to post information and products. They also allow for a â€Å"let a friend know feature† so someone can share the business to another person. A company like Facebook offers advertisement space for companies to post their information. It also allows for companies to construct a web page so other people can view it or find a link that takes them directly to their official site. It also allows for a person to see

Business Ethics Essay Example | Topics and Well Written Essays - 750 words - 23

Business Ethics - Essay Example By so doing, businesses will increase their profit and benefit the society by reducing their suffering. The theory makes businesses to work in a way that will help the society and not cause them pain (Mill 2007). The purpose of this theory is to enable businesses to get the best results from their actions. According to Marshall (2009), every person has their own rights that should be respected. Businesses need to also respect the rights of their customers. According to Velasquez (2015) Kant feels that individuals should be assisted to achieve their expected end results. It is also the duty of businesses to sell goods and services that help their customers to get what they wanted when they were buying the goods and services. Businesses should sell goods that are fresh and not expired because it is the right of the customer to get good products. When businesses do something wrong to their customers, they should do justice by taking actions that will make their customer to recover what they have lost (Wettstein 2009). According to Velasquez (2015), Maqasid al Sharia states that justice and equity should be established in the society to protect the individuals and their property. Businesses need to take good care of their customers. When they do so, the customers will feel good about buying the goods or services from the business and this will increase the profits of the business. According to Frei & Moriss (2012), customers return to buy goods from a business when they feel that the business is taking good care of them. Caring for customers makes them happy and happy customers will return to buy things from the business many times. Capitalism is a system where businesses and other money making activities belong to individual people or companies. This makes businesses to compete with each other so that they can serve their customers well and make a lot of money (Boltanski & Chiapello 2005). Businesses that make

Materials for a Business Jet Essay Example | Topics and Well Written Essays - 1250 words

Materials for a Business Jet - Essay Example In the paper, a comparison of the related costs of using the five different aircraft materials is shown. When using CFRP, there are also savings of assembling manpower. There will also be savings due to the reduced weight of using composite materials like CFRP and Kevlar.Maintenance cost of a material is determined by several variables. These include the density, ultimate tensile strength, tensile yield strength, durability (fatigue) and fracture toughness properties listed. In a comparison of the related costs of using the five different aircraft materials is shown, the properties of the five materials studied here are displayed. The aluminum alloys have properties which are specific to the number of the series they belong to. The alloy series is categorized by the metal that is the major alloying element. For instance, the 5xxx series aluminum alloys contain magnesium as the major alloying element. The 5xxx series alloys have moderate to high strength and good corrosion resistance. They are not heated treatable. Mechanical properties and strength are less desirable than in the 2xxx and 7xxx series. The 7xxx series aluminum alloys have zinc as the major alloying element. These alloys have the greatest strength of the heat-treated alloys. The 7xxx series alloys also have good heat-treating qualities. In a paper, the particular conditions and tempers used to obtain the material property values are as follows: For aluminum 7475, the T61 temper was used. For aluminum 5052, the H34 condition properties were used. For aluminum 2124, used T351 condition/temper. Kevlar K49 used for density, shear strength and modulus, and yield strength. For density and ultimate tensile strength, used Dupont Kevlar 49 Aramid fiber. For CFRP, data is for Type P-VSB-32 (Union Carbide) carbon fibers. Aluminum alloy 7475 has lower impurity limits than 7075. Aluminum 7475 is used for aircraft structures because of its good fracture toughness.

The souls of Black Folk by Du Bois Essay Example for Free

The souls of Black Folk by Du Bois Essay The souls of Black Folk by Du Bois Introduction   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   The souls of Black Folk by Du Bois is a primary source which is valuable and speaks to both the plight of the black Americans subsequent to the civil war and also to the identity of the entire nation. Writing during the early years of twentieth century, Du bois viewed the plight of the African Americans in USA from both a scholarly and personal perspective. He identified himself as a â€Å"problem,’’ because the white Americans perceived him in such a way and not as a result of personally perceiving himself as such. During his childhood Du bois faced racial discrimination which together with other similar experiences which were shared by the other African Americans resulted to what Du bois referred to as â€Å"double consciousness, this notion of always perceiving at one’s self through eyes of others.† Through his speaking, political activism and writings he devoted his life to spearhead the black movement to higher levels. He also practiced what he usually preached. Du bois perceived assimilation to be the most ideal way of treating the discrimination against the blacks. Du bois also worked towards ensuring that blacks achieved the goals of education and also peaceful resolutions among the races and classes (Bois et al, 1997, p.2-14).   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   In his book Du bois The souls of Black Folk advocated for the end of the discrimination of the Negroes on basis of their color and requested for the equal rights and opportunities for all the people and especially Negroes in America. In his opening chapter in his book he affirms the vital goal of American Negro: â€Å"He simply wishes to make it possible for a man to be both a Negro and an American, without being cursed and split upon by his fellows, without having the doors of opportunity closed roughly in his face† (Bois et al, 1997, p.3). Despite the fact that this does not seems to be a reasonable request, Du bois distinguishes the hindrances which makes it difficult for this possibility to become a reality. Du bois distinguished color-line as the problem of twentieth century. Du bois impacted the society also through encouraging the blacks to be proud of their achievements. In his efforts also encouraged the black Americans to fight for their rights and in this regard he was able to unite the black Americans. In the modern society Du bois efforts have an impact since people have become aware of their rights therefore they are able to fight for them whenever they are denied those rights. Also people have embraced education. The movement spearheaded by Du bois has instilled pride in black Americans today. True awareness which Du bois and other blacks of that time developed too late also even today impacts people (Bois et al, 1997, p.2-5). References Bois, W. E. B., David W. Blight, and Robert Williams. The souls of Black folk. Boston: Bedford Books, 1997. Print. Source document

The Waterfall :: Place Essay, Description Essaay

Visiting a waterfall, especially on a hot sultry day, can be a favorite way to spend a day. You get in your car, drive for miles, then get out and walk the remainder of the way to a waterfall. Civilization has cleared and marked a pathway for you and the many thousands like you who have come to enjoy these named landmarks. Rarely do you get to enjoy the natural beauty of one by just stepping out into your own backyard. Behind my house, barely noticeable, is a trail leading through the woods to a waterfall. The trail is narrow but well worn. Any shrubbery that would have grown has been trampled down and all that is left is a very narrow path, overhung with branches from the trees that mark its sides. As I start down the trail, I begin to feel the trees closing around me until the house can no longer be seen. I follow the trail to where it stops at the creek's edge, approaching quietly so as not to disturb any of the wild creatures that has come to enjoy the cool fresh water. I gently cross over the creek using the stones, which show the wear of several previous crossing, so that I can have full view of the creek and the beauty it possesses. I can hear the rush of the water long before I see the falls. As I sit down on the big gray slate rock that has been warmed by the early morning sun, I begin to gulp in the beauty as a starving man would gulp down food. I start my usual ritual of examining the banks of the creek by gazing down the right side of it first. I notice that the wild azaleas are in full bloom and that the trees have regained all their leaves. They stand tall and majestic as if they are soldiers standing guard. My gaze travels up one of the trees to find two squirrels chattering down at me as if to say "Go away and leave us in peace." Further down starts the gentle bend that takes the remainder of the creek from my view. My gaze shifts to the left side of the bank and there lies an old oak tree that has fallen long ago. It still lies partially upon its stump so that it looks like the shape of an "L".

Postmodern Theory in Art Essay

Philosophy refers to the search for truth, existence, knowledge and performance through sense and rationale. Philosophy attempts to study the nature of existence, soundness, impartiality, beauty, mind and language. Art on the other hand refers to the process of arranging elements in a creative manner that makes them appealing to the senses and the emotions. Art includes performance which involves the use of language. The artist Paul McCarthy, born in 1945 in Salt Lake City, learned his art skills at the University of Utah in the year 1969. On his further studies at San Francisco art institute, he studied painting and went further to study film, video and art at the University of Southern California. McCarthy majors his work in video and sculpture having taught performance, video, installation and performance art history at the University of California (Bronfen 214). McCarthy in his works institutes color as a central theme in his story of modern and contemporary work. McCarthy’s life and art works are connected to the practice centered on the role of artists within the cultures and the system of art. In his works he proves a bit of a chocker. The use of language and descriptions of all the American culture that he grew up with, he works towards bending and transforming the familiar into the disturbing. The works of McCarthy definitely removes the dark side of the American dream and presents a selection of postmodern works produced between 1966 and 2006. The philosophies of Kierkegaard involved a unifying factor which evolved around three spheres of existence, which is the aesthetic, the ethical and the religious choice in constant tension. According to Kierkegaard the personal aesthetic enjoyment is in the inconsistent search of pleasure which is self-centered. Comparing the artist Paul McCarthy to this philosophy, it is clear that the philosophy involved beauty and pleasure which is mainly egocentric just like the work of McCarthy which involves the provision of pleasurable activities, through performance and beautiful paintings (Robert & Adorno 132). The ethical sphere however is not egocentric but impersonal. It involves a law centered on reasoning as opposed to personal inclination and expediency. Kierkegaard asserts that at this stage, life does not just involve a succession of separate moments of pleasure but is a long range venture which should be structured according to rational principles. The principles according to Kierkegaard’s philosophies do not only include the rules of eventual interest but the conceptual ideologies of morality that describe what an individual should do. Just like Kierkegaard’s ideals, in McCarthy’s attempts to reduce the disadvantages of painting, he resorted to using the body as a canvas. He later involved the use of bodily fluids and foods to act as surrogates in his work. Other than painting the work of McCarthy included transgressive presentation art, psychosexual events which were meant to test the emotions of both the artist and the viewer. McCarthy in his works was known for shocking, sexually charged pieces that feature benign cartoon and pop culture characters reflecting the ideologies of morality which teaches the viewers and the artist on what they should do (Glennie 34). Much of the works of Kierkegaard looks into religious premises like the faith in God, the organization of the Christian church, the Christian ethics and divinity and the emotions and feelings of different people when dealing with the choices of life. Kierkegaard remained the most influential figure in modern philosophy’s consideration just like McCarthy who remained the most influential artist in the postmodern artistry. Kierkegaard believed and insisted on individual rather than collective responsibility before God. In the stage of true religious choice, only a leap of faith that provides a ground for decision is employed, however there are no automatic rational decision procedures. According to the philosophy of Kierkegaard, acknowledgment of the need for religion as a personal dedication to truth is the major component of life. Relating to this principle of Kierkegaard, McCarthy centers his interest within the daily activities of life and the confusion created by such activities. Due to misinformation by people, McCarthy has been taken to be influenced by the Viennese Actionism. Due to his dedication to truth as his life component, McCarthy clarifies that he knew the activities of the group in the 1970s but there exists a big difference between the self deleterious activities of the Viennese and his own performances. This is a reflection that as Kierkegaard’s principle of individual responsibility to God, McCarthy obeys the same principle and would therefore not engage in the injurious activities of the Viennese (Ben 56). The view of Kierkegaard on the free press can be understood on why he hated the press. He was mainly concerned on the public sphere which had been a source of problem for many intellectuals in the middle of the 18th century before the democratization and the expansion of the press. In his view to the free press, Kierkegaard abandoned the use of internet with the claims that it promoted risk free ambiguity and idle curiosity that undermined responsibility and dedication. Kierkegaard’s opposition to the press is said to have had sociological, political and psychological motivations. He however claims that he does not attack the press because of the liberalism or any other political reason. As has been noted earlier, the works of Kierkegaard mainly revolved around religious issues. His view was therefore opposing free press because he believed that the press and especially the daily newspaper were making Christianity and religious matters impossible. Definitely from his political, sociological and psychological qualms, he considered the press as a threat to both cultural and religious practices. Because of these reasons Kierkegaard continued to attack the public and the press up to 1846 in his writings. With the democratization of the public sphere by the daily press, Kierkegaard felt that the public sphere was becoming a new and a dangerous cultural experience whereby the ranking created by the press was to produce something that was very wrong right from the beginning. In the modern society Kierkegaard gives his total view on the relation of the press, public sphere and the ranking taking place in his time. He considers the press mysterious and desituated with no obsession and dedication and combines in this philosophical age to produce the public. The ideals and the philosophies of Kierkegaard strongly affected the theologians and the existential philosophy. Even though Kierkegaard was a very strong defender of religious faith he was an unhappy, neurotic and a terribly suffering man (Ben 356). His belief was that the best way to disclose truth was through dramatic confrontation of conflicting practices to life. In addition to his ideals and philosophical works, Kierkegaard was a thinker and a genius. His philosophy despite having not been presented in a systematic and analytical manner, contain several wealth of sharp intellectual insights. Due to lack of coherent stance, the philosophies of Kierkegaard have remained questionable. Nevertheless according to Kierkegaard, his principles have been mainly on how one can become a Christian. Other than his philosophical work, Kierkegaard had complex poetic work which rewards careful reading. The totals of moral of his philosophy can be put into a single sentence that the existence of human beings needs real passion and thought. Conclusion Art and philosophy may be two different disciplines, but still some principles or morals of an artist and a philosopher may relate in some way. The revealed example is between the artist Paul McCarthy and the philosopher Soren Kierkegaard. The ideals and the philosophies of Soren Kierkegaard match the artist Paul McCarthy for instance, both of them seems to value aesthetics, ethical values and religious choices and issues.