The Management Of Individual Finances - 1180 Words

Personal Financial Planning The management of individual finances indicates the beginning of financial planning. Financial planning refers to the process of developing a strategy that aids an individual to manage and control their spending and investments to suit their current, as well as future needs. Financial planning is an essential aspect of individuals’ as well as organizations’ continuity. Part A (1) Allison’s cash flow statement Cash Flow Statement Cash Inflow 3000 Expenses Rent 750 Student loan repayment 200 Utilities 150 Food 300 Recreation 600 Car expenses 200 Clothing 150 Total cash outflow 2350 Less total cash outflow 2350 Net cash flow for the month 650 (2) Judy’s Cash flow statement Cash Flow Statement Cash inflow 3000 Less Total Cash outflow 4000 Net cash flow (1,000) Judy can either use a cash-based system or a credit card system to meet her financial obligations. In the cash system, there will be a direct reduction of liabilities because an individual can settle accruing liabilities and bills. The cash based system also increases the assets in case the person acquires an asset. The cash in hand falls under current assets. The use of credit cards increases the liabilities of an individual. Since money spent on a credit card must be paid back to the creditor (bank), it amounts to a liability. Further charges attached to the facility such as interest, as well as service charges, increase the user s liabilities. The use of creditShow MoreRelatedFin 370 Syllabus Essay examples1359 Words   |  6 Pages |Finance for Business | Copyright  © 2012, 2011, 2010, 2008, 2006 by University of Phoenix. All rights reserved. Course Description This course introduces the student to the essential elements of finance for business. 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How am I a Romantic - 546 Words

Dear 11th Grade Student, You may of heard of a time called the American Romanticism Period, but i’m sure you dont know the whole story. The Romantic period was a time in history that symbolised Romance and different Characteristics you might of felt in the stories. Some of the Characteristics might be Focus on an Individual, Supernatural, Intuition over Fact, Imagination over Reason, Emphasis on Emotion, Love of Childhood, Awareness of Past, Belief in Democracy, and Love of Nature. There were many books in this period that had these kinds of characteristics. Some of the Books might of been â€Å"The Devil and Tom Walker† , â€Å"Dr. Heidegger’s Experiment† , and â€Å"Old Ironside†. In this letter I will tell you all you need to know about these stories and the Romantic Period. The first book im going to tell you about is â€Å" The Devil and Tom Walker† . The name of the Author was Washington Irving’s. Washington had a lot of Characte ristics in his story, like Love of Nature, Supernatural, and him Focusing on an Individual. The way he symbolised his love of nature in the story was when he said â€Å"Beautiful dark Grove†, in that line he talked about how beautiful the trees and bushes appeared in that moment. Another way he show’d romanticism was when he talked about supernatural things, these things could be the Devil or something that could really never happen. The way he show’d supernatural was when he said â€Å" The Devil presided at the hiding of the money, and took it under hisShow MoreRelatedHow am I a Romantic?538 Words   |  2 Pagespeople that are getting attack from the hurons. One day him and his other two Mohican friends. They were hunting and Nathaniel â€Å"killed the deer and they blessed the deer for providing food for them†. This shows romanticism about the love of nature. How they are one with nature. They went to the fort were the militia was at and warn them that there homes are getting invaded by the hurons. The british commander told the militia that they can leave if their homes was being attack. So the Colonel MunroRead MoreHow am I a Romantic?536 Words   |  2 PagesExample in â€Å"The First Snow Fall† James Russell showed a sign of supernatural when he said â€Å"And i told of the good All- father who cares for us here below†(23-24). He also shows the characteristic of Emphasis on Emotion by saying â€Å"And thought of the leaden sky that arched O’er our first great sorrow†(26-27). The story by the name of Dr.Heidegger’s Experiment written by Nathaniel Hawthorne has many Romantic Characteristics. 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Secondly, I have a strong relationship with my parents and siblings. I am the oldest of four siblings. I have a sister who is a year younger that I am, a brother who is three years younger than I am, and a sister who is five years younger than me. We have often had discussions

Case Study Starbucks’ Structure Free Essays

Barista: This job contributes to Starbucks success by ensuring our service and store standards are met. We do this by providing customers with prompt service, quality beverages and products. Starbucks and partners will experience a friendly, upbeat and clean atmosphere. We will write a custom essay sample on Case Study: Starbucks’ Structure or any similar topic only for you Order Now Key Responsibilities: Develops enthusiastically satisfied customers all of the time. Welcomes and connects with every customer. Discover customer needs and appropriately suggests product with every customer to enhance service and meet sales goals. Offers customers demonstrations, and samples using brewing equipment. Howard Schultz became convinced that he could turn coffee drinking into a cultural experience. He had traveled to Italy and watched with interest as city dwellers would stop to begin the day at a coffee bar. Using the same type of model, Schultz purchased and opened his first location as Il Giornale. The company evolved into Starbucks, where multitudes of consumers began purchasing designer coffees, such as espresso, cappuccino, and coffee mocha. Store interiors encourage lounging and relaxing with a newspaper, magazine, laptop, or friends. Each cafe featured enticements such as jazz music in the background, additional merchandise to examine, and comfortable seating. (Reilly, Minnick, Baack, 2011). Until the 2008 recession, Starbucks had continued to grow. Some of the units in larger cities experimented with selling additional products, including lunch service. Then a quickly collapsing economy, possibly coupled with other problems, including over expansion, sent the corporation on a downhill slide. Founder Howard Schultz worried that the addition of so many locations had watered down the Starbucks experience. Reilly, Minnick, Baack, 2011).. Starbucks should be using is departmentalization by geographic region. Starbucks locations are all over the United States. According to our text, â€Å"Geographical departmentalization makes it possible to tailor managerial efforts that address territorial differences. †(Reilly, M. , Minnick, C. , Baack, D. , 2011). Departmentalization can be defined as an effective organi zational tool in that it involves dividing people up into different departments or divisions in which collections of tasks are placed together, such as accounting, marketing, and production. Going through Starbucks case study, the best suited departmentalization for Starbucks would be by Geographic Region. Starbucks has its financial affairs, legal affairs separated from stores. It has also added talent management, human resources and training and development as part of being specialized departments. This structure works, because it is separated from day to day business and does not interfere with store operations. This will help in the different locations to adapt the menu to accommodate. For example the Starbucks in Florida may sale more ice coffees than in Washington State where it is not as hot. When the increase of competition began the decline of sales for Starbucks, the leadership shouldn’t try to centralize power. With the leadership being centralized the organization may start making bad decisions because it only allows for two or three leaders to be overwhelmed and start making wrong decisions, where as if they were to have more ideas from their employees they may be able to come up with a structure that can help them through the decline of sales The configuration that best fits Starbucks would have to be the divisional organization. This is because Starbucks has different products and many business units all around the world. According to an article, Mintzberg’s Organizational Configurations, â€Å"The benefit of the divisional organization is that it allows the line managers to maintain more control and accountability. †(Mindtools, 2012). In conclusion, Starbucks organizations have been a great place for people to work, customers to hang out at, and overall a great place to have coffee. From what I see, the structure that Starbucks has been using, so far has been doing a good job. According to Howard Schultz, Starbucks chairman, â€Å"Starbucks continues to expand our global Starbucks footprint and accelerate the innovation and momentum in our CPG business† (Financial Release, 2011) ? References: CNN Money, (Feb. 7, 2011). CNN Money, 100 Best Companies to work for. Retrieved on September 10, 2012 fromhttp://money. cnn. com/magazines/fortune/bestcompanies/2011/snapshots/98. tml MindTools, (2012). Mintzberg’s Organizational Configurations, Understandingthe structure of your organization, retrieved on September 10, 2012 fromhttp://www. mindtools. com/pages/article/newSTR_54. htm Reilly, M. , Minnick, C. , Baack, D. (2011). The five functions of effective management. San Diego, CA: Bridgepoint Education. Starbucks Coffee Company, (2012). Starbucks Investor Relations, 2011 Financial Release, retrieved on September 10, 2012 How to cite Case Study: Starbucks’ Structure, Free Case study samples

Template and Research Proposal

Questions: 1. What are the reasons behind ladder fall? 2. Who are mainly affected by this? 3. How the victims are suffering due to the ladder fall? Answers: Background and significance of the study Background of the study helps to determine the key concern of the paper. There are several people, who are admitted in the hospital due to ladder fall in workplace or within the premise of house. This problem has become so significant that even the governing body of the organization is worried about this. Several health care organizations are going to take initiative for public awareness ("A retrospective case-control study of ladder fall accidents", 2002). VicHealth is trying to raise fund for Public Awareness Campaign to reduce the numbers of Ladder falls. However, due to lack of proper information, this public awareness programs cannot be implemented properly. There is no particular reason behind the fall from ladder and there is no particular place of fall. To reduce the chance of ladder fall in workplaces training are provided to the employees but in domestic situation public awareness programs are initiated ("A scenario analysis of ladder fall accidents", 2002). There is certainly significance behind conducting this study. Almost 582 cases are registered, who are admitted in the Alfred Hospital of Australia due to ladder fall. Among them 58 patients are admitted in the ICU and 15 of them are dead within the period of Five years (Animal caretaker breaks arm and wrist after ladder fall, 2011). In average almost 120 people are injured in ladder fall. Therefore, it is necessary to judge the reason behind such incident. Often the researcher is trying to find out the reason behind this fall and they conclude with that patients are often unable to get back their real life. The reason behind their fall is lack of techniques, improper footwear, lack of training, and bad condition of ladders (Astley, 2006). Research question and Aims and hypothesis Research Question: What are the reasons behind ladder fall? Who are mainly affected by this? How the victims are suffering due to the ladder fall? Hypothesis: While conducting the research, the researcher is going to face several aspects of the research. Here, the researcher is trying to sum up all the supposition in form of hypotheses (Biddle Emmett, 2011). Researcher here mainly concentrates on two types of research hypothesis one is null hypothesis and another is Alternative hypothesis. H0: Public Awareness Campaign can mitigate the chance of ladder fall by providing them training. H1: Public Awareness Campaign cannot mitigate the chance of ladder fall by providing them training Method with information on the research design Between two types of research approaches, researcher is going to concentrate on the Primary Research Approach; the reason behind selecting the primary research approach enables the researcher to understand the in-depth view regarding the topic (Cohen Lin, 2001). In case of the primary research approach, the researcher will focus on the interviews to the respondents. Between qualitative and quantitative research process, researcher is going to undertake Quantitative research process for the evaluation of data. Quantitative research approach mainly has two section one is primary and another is secondary, and researcher is going to concentrate on both (Fall from ladder, 2006). For primary quantitative analysis, researcher is going to take help of the respondents. Before that, researcher has to form a close-ended questionnaire to judge the point of view of the respondents (Freeman, 2003). Statistical data will be analysed in this scenario for the better analysis of the topic. For secondary data, researcher will take help of the bars, charts and diagrams, which help to understand the details of the topic. After understating research approaches, research should concentrate on the research philosophy. Positivism and realism are two research philosophies that help the research in the process of analysis (Hagger, 2002). As researcher is going to take help of the Mixed Research Approach to gather data; for two types of data (primary and secondary), research should choose Descriptive Research Design for analysis of the Primary research approach and Exploratory Research Design for the secondary research approach. Exploratory research Design correctly goes with the Secondary quantitative research approach, as it helps to explore new statistical information. Along with that, researcher should focus on the strategies, for the further analysis of the research; researcher is going to choose Quantitative Research Strategies ("II. GENERAL METHODOLOGY", 2011). For the Quantitative Research Strategy takes help from the questionnaire, statistical data and interviews. Research Process Here for the analysis of the research, researcher will use Mixed Approach to conduct the research as researcher is going to take help from the primary and secondary quantitative data. More specifically, researcher is going to take help of the quantitative analysis only for the better analysis of the paper. Both types of data enable the researchers peep through the findings (Jha, 2008). For sampling researcher has to choose respondents from different sectors. The sectors can be fire service or civil or any other sectors where ladders are used particularly. For respondents, researcher can choose the family members of the victims also and witness can be the respondents also (Ketchen Bergh, 2004). Therefore, researchers should take helps of the Probability Sampling; probability sampling enables the researchers to collect respondents from any sectors. Simple Random Sampling is going to undertake for the better analysis of the research. Here, researchers do not have to face any kind of boundaries to choose respondents (Keys, 2008). Simple random sampling is the significant part of the probability sampling and according to this process; researcher can ask a set of questions to any group of male and female. 100 respondents will be chosen for the analysis of the paper. Respondents can be hospital staffs, doctors, victims, family members of victims and managers of organization. Dissemination of findings For determining the result, the researcher can take help of the Pilot study, which helps the researcher to predict the result of the research. For the successful analysis of the research, researcher will take help of both types of research approaches. For successful analysis of the research, the researcher should read the books, journals and articles. From the analysis of the books, journals and articles, researcher can able to gather contradictory knowledge on the particular topic. In journals, articles and books point of view of different personalities are imprinted. From different views, researcher can able to understand the in-depth analysis of the papers. For Secondary quantitative dada analysis, researcher should focus on the statistical data from the Alfred hospital and many other working sectors. Prime drawback of this research approach is to gather data from the domestic situation. For Primary quantitative research approach, researcher has to form close-ended questionnaire. Bars, charts, pie-charts and diagrams help to gather accurate data. In case of the secondary quantitative data, researcher cannot able to gather accurate data but in case of the primary Quantitative research Approach, researcher can able to gather accurate information regarding the topic. Ethical Considerations There are several ethical factors, on which researcher should focus. It is the sole responsibility of the researchers to abide by the ethical considerations. Researcher should ask for the permission of the respondents before asking them any questions (Kothari, 2004). Besides, at the time of formation of the research questions, researcher should look after that questions are not personal or hurt emotion of anyone. Confidentiality is the main ethical consideration; while collecting information, researcher should make promise that no personal data of respondents are going to be explored (Kumar, 2005). Apart from these, it is the sole responsibility of the researchers to conclude the research within the specific time and allotted money. Ethical consideration is necessary for shaping the entire research. There should definitely have some rules, which guide the researcher to understand the differences between the rights and wrong (Newman Benz, 2008). Honesty is the integral part of every research paper; researcher should run the entire research ethically. Researcher should conduct the entire research ethically and honestly report the results. The role of the researchers is based on certain objectivity like the researcher should avoid biasness while analysis of data and interpretation of data (OSullivan, et al, 2004). In case of the peer review and personnel decision, researcher should run the entire process ethically. Biasness should be mitigated as it can affect the research process. Besides, integrity is the inevitable part of every research project. Researcher should not make any false promises and should avoid agreements breaching (Popping, 2012). Personal data should not be revealed at any cost; researcher should be solely devoted to his or her job, there should not be any complex issues. On the other hand, researcher should maintain the consistency of the research project, so it is the sole responsibility of the researcher to maintain the consistency of action and thought. Carefulness is the integral part of every research paper, while gathering data, researcher should be more careful to avoid error and negligence. At the time of carrying pit the research, the researcher should focus on the work of the peers also to avoid the risk factors. References A retrospective case-control study of ladder fall accidents. (2002). Applied Ergonomics, 23(3), 217. A scenario analysis of ladder fall accidents. (2002). Applied Ergonomics, 23(3), 217-218. Animal caretaker breaks arm and wrist after ladder fall. (2011). [Olympia, Wash.]. Astley, P. (2006). Extraordinary new performance. [London]: [publisher not identified]. Biddle, J. Emmett, R. (2011). Research in the history of economic thought and methodology. Bingley, U.K.: Emerald. Cohen, H. Lin, L. 2001). A scenario analysis of ladder fall accidents. Journal Of Safety Research, 22(1), 31-39. Fall from ladder. (2006). Raleigh, N.C. Freeman, C. (2003). Fatal fall from fixed ladder. Loss Prevention Bulletin, 174(1), 11-11. Hagger, R. (2002). Acute appendicitis after a fall from a ladder: a traumatic aetiology?. Emergency Medicine Journal, Jha, N. (2008). Research methodology. Chandigarh: Abhishek Publications. Ketchen, D. Bergh, D. (2004). Research methodology in strategy and management. Amsterdam: Elsevier. Kothari, C. (2004). Research methodology. New Delhi: New Age International (P) Ltd.