Kingsford Charcoal Objective Parth Essay Example

Kingsford Charcoal Objective Parth Paper Kingdoms charcoal is a well-known brand in barbecuing community. As per survey in late asss 75% American Households owned barbecue grills and young and high-income families owned the most share apron. 80%. For a long time now Americans have shown love and passion for barbecue. Kingdoms Charcoal in America was considered in an oligopolies market. The criteria for differentiating the products in such a market is based on the quality, price, and promotion. Though, Kingdoms retained the position of arrest leader in year 2000, but the sales were dropping because of the problems such as increasing trend of gas grill use, less exposure and promotion of charcoal and decrease in market share and market growth rate of Kingdoms Charcoal. Competition from Royal Oak also had an impact on the sales. To overcome the current market situation brand managers Marcella Smith Bobble (HOBS MBA 96) and Allison Warren were asked to refurbish the brand image of Kingdoms, and formulate a marketing plan keeping the focus n future by not only improving the sales, but also improving the turnover of the overall charcoal industry. Objective of the marketing plan for Kingdoms Charcoal should cater the two aspects I. E. Financial Objectives, to improve profitability and growth and Marketing Objectives, to improve market share and sales. We will write a custom essay sample on Kingsford Charcoal Objective Parth specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Kingsford Charcoal Objective Parth specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Kingsford Charcoal Objective Parth specifically for you FOR ONLY $16.38 $13.9/page Hire Writer And it should provide answers to some of the major issues such as:- Is there a need to increase the budget for advertisements to compete with gas grills and private brands? How will the increase in prices affect the market share? Segmentation In 2000, a case study has proved that 66% of the barbecue lovers have a preference of charcoal over gas grills as they believe that the real experience and flavor reaches them when they use charcoal grill. The table below elaborates the percentage of the consumers using the two different kinds of Kingdoms Products. It is quite evident that 60% of the Kingdoms Charcoal users are happy to use both types of Kingdoms charcoal I. E. Regular as well as Instant. And this gives the company a great opportunity to experiment with different marketing techniques.

Free Essays on Reading Report

Bibliography Reading Report My degree thesis is focusing on the topic of  ¡Ã‚ °Study and comparison of the algorithms for pitch determination in Speech Recognition ¡Ã‚ ±. During these 3 weeks, I was studying on the basic theories of Speech Recognition, reading related chapters in two books as well as four reference papers. A rudimentary picture of speech recognition comes up in my mind and here I would make a brief review in order to carry out following research. The speech signal is a non-stationary stochastic process. Because of this time-variant characteristic, we should divide the signal into short segment sequence, with one segment called a frame, often 5~50ms for general applications. In each frame, the signal can be deemed as stationary so that some existent theories of signal processing can be used to analyze the speech. There are two types of speech sound called Unvoiced and Voiced. The voiced sound has periodicity to some extent while an unvoiced one is nearly random noise. The periodicity sets the pitch of a voiced sound. The difference between the voiced and unvoiced plays an important role in pitch determination, aiming at detection of the periodicity of the voiced sound and thus recognizing or synthesizing the produced sound. Pitch determination is one of the most important and difficult tasks in speech processing. Many pitch determination algorithms have been developed, three of which will be covered in my future work. They are  ¡Ã‚ °Short-time Average Magnitude Difference Function (AMDF) ¡Ã‚ ±,  ¡Ã‚ °Homomorphic speech signal processing ¡Ã‚ ± and  ¡Ã‚ °Linear Predictive Coding (LPC) ¡Ã‚ ±. All of these methods use the periodicity of the voiced sound. General ideas will be discussed later. Let ¡Ã‚ ¯s take a look at the fundamental but essential features of speech signal: short time stationarity and periodicity of the voiced. These two characteristics lead us to use the auto-correlation function to recognize ... Free Essays on Reading Report Free Essays on Reading Report Bibliography Reading Report My degree thesis is focusing on the topic of  ¡Ã‚ °Study and comparison of the algorithms for pitch determination in Speech Recognition ¡Ã‚ ±. During these 3 weeks, I was studying on the basic theories of Speech Recognition, reading related chapters in two books as well as four reference papers. A rudimentary picture of speech recognition comes up in my mind and here I would make a brief review in order to carry out following research. The speech signal is a non-stationary stochastic process. Because of this time-variant characteristic, we should divide the signal into short segment sequence, with one segment called a frame, often 5~50ms for general applications. In each frame, the signal can be deemed as stationary so that some existent theories of signal processing can be used to analyze the speech. There are two types of speech sound called Unvoiced and Voiced. The voiced sound has periodicity to some extent while an unvoiced one is nearly random noise. The periodicity sets the pitch of a voiced sound. The difference between the voiced and unvoiced plays an important role in pitch determination, aiming at detection of the periodicity of the voiced sound and thus recognizing or synthesizing the produced sound. Pitch determination is one of the most important and difficult tasks in speech processing. Many pitch determination algorithms have been developed, three of which will be covered in my future work. They are  ¡Ã‚ °Short-time Average Magnitude Difference Function (AMDF) ¡Ã‚ ±,  ¡Ã‚ °Homomorphic speech signal processing ¡Ã‚ ± and  ¡Ã‚ °Linear Predictive Coding (LPC) ¡Ã‚ ±. All of these methods use the periodicity of the voiced sound. General ideas will be discussed later. Let ¡Ã‚ ¯s take a look at the fundamental but essential features of speech signal: short time stationarity and periodicity of the voiced. These two characteristics lead us to use the auto-correlation function to recognize ...

Security Automation in oil and gas company Assignment

Security Automation in oil and gas company - Assignment Example In 2002 the National Research Council also emphasized the importance of research for systems that can guarantee security in the oil and gas industry (National Research Council 2002). This study would focus on the Security Automation systems used in the oil and gas industry, as these systems have been found to have a critical role in increasing security in the industry’s firms. I have been motivated to do research on this topic mostly because of the following reason: the security problems reported in oil and gas companies are many; the firms producing SA systems have tried to develop products that are effective in controlling the industry’s security risks. However, so far, the limitation of these risks has not been secured. I believe that this study could help the industry’s firms to locate effective security tools. Also, the study could help me to increase my knowledge on the needs and challenges of the firms operating in the oil and gas industry. My studies, so far, are related to computing; my involvement in a research project related to the practical use of computing systems would help me to become more competent in managing these systems in different operational environments. The topic of this study focus on a ‘researchable problem’ and not to a ‘personal problem’ as this view is based on the following facts: a) the security threats for the firms of oil and gas industry are many, b) most of these threats cannot be appropriately controlled due to the failures reported in the security systems used in the industry’s firms and c) the importance of this problem has been highlighted by organizations, as explained in the first section of this proposal, but also by academic researchers. In other words, the potential involvement of SA systems in the oil and gas industry is an issue related to the daily operations of all the industry’s firms; it is not an issue that affects an individual at personal level. The ‘Scientific method’ of research is

Investigate whether financial conservative policies depend on Dissertation

Investigate whether financial conservative policies depend on financial distress - Dissertation Example The literature review will look at work already done in the area and this along with an analysis of data will be used to arrive at a conclusion. The paper also describes the research methodology that will be used in carrying out the study. Theoretical Framework Central to this investigation is to define trade off and pecking order theories and the terms financial conservatism, financial distress and leverage. A sample of firms that adopts conservative policies as it relates to high levels of cash holdings and low levels of leverage will be identified and data relating to financial conservatism will be analysed. Trade-off theory predicts that when firms face high expected cost of financial distress and/ or attach a rather low value to interest tax shields, then, they will seek to employ conservative financial policies (Minton and Wruck 2001). Pecking order theory predicts that firms use external financing only when internal funds are insufficient to support discretionary expenditures. When internal funds fall short, managers look first to debt financing and only as a last resort do they turn to using equity financing (Myers 1984). Definitions Financial conservatism For the purpose of this study financial conservatism is defined as a persistent financial policy of low leverage and high cash holdings. Financial distress Financial distress is the inability to generate revenue when there are too many debts. Literature Review Iona (2004) Berger et al (1997) suggests that managers tend to make more conservative capital structure decisions when are given the power to use their discretion and are therefore free from disciplinary and monitoring mechanisms. The main motives behind the choice of conservative leverage policies are to reduce the probability of financial distress and bankruptcy and to resist disciplinary actions. Mackie-Mason (1990) used the modified Altman’s (1968) Z-Score to test for the likelihood that a firm will experience financial distress. Simi larly, Helwege and Liang 1996; and Graham (2000) have used this variable in their capital structure studies. They have found the Z-Score coefficient to be consistently positive and significant. This therefore, indicates that financially conservative firms are less likely to face financial distress. Myers (1984) suggests that a firm may seek to maintain slack in the form of reserve borrowing power and target a level of borrowing that lies below its debt capacity. In doing so, the firm can issue safe debt if it needs to avoid any material costs of financial distress. Titman (1984) and Graham (2000) identified industries in which firms are likely to experience significant costs of financial distress. The suggestion is that sensitivity distress results from high levels of on-going relationships with customers which results from warranties, repairs and upgrades associated with the sale of goods in the computer industry, specialty manufacturing industry, the retail industry and the pharma ceutical/biotechnology firms. Minton and Wruck (2001) indicates that three (3) of the four (4) industry classification mentioned above are associated significantly with the probability of being financially conservative. Retail firms are less likely to follow policies of low leverage possibly because of the thinking that real estate serves as good collateral for borrowing purposes. Iona (2004) also

Using an essay style format, discuss why might banks be considered as

Using an style format, discuss why might banks be considered as the 'key' players in the financial system - Essay Example All of these parts are closes dependent on each other. A good financial system makes sure that all these parts function together to make sure that the money is optimally channeled in an economy. If one part of the financial system is in conflict with the other, or if there is a distortion between the motives of the two parts of a financial system, then there are chances that the financial system will collapse. This is very dangerous for the entire economy, because when one part of financial system collapses, other parts also face the domino effect causing the economy to face serious recession and plummeting demand. Hence, it is imperative for an economy to have a stable financial system if it is to work well. (Mishkin) Financial markets make it possible for people to trade securities. It is a good way of raising capital, transferring risk, liquidity maintenance and trading foreign exchange. The financial markets play an important role in instilling level of confidence in the investors. They know that they can invest now and liquidate in future when they need funds and allow them earn interest on their money. Examples of Financial Markets can be Stock Markets, Money Markets, Forex Markets and IPOs (Lipsey and Chrystal). A good financial system usually contains financial markets as a platform that allows the trading of financial securities and instruments. Similarly, Financial Institutions consist of those organizations that allow channeling of funds and create credit in the economy. In case these are missing in a financial system, then the economy is deprived of multiplier effect and can face serious levels of unemployment and lack of investment motives. Examples of Financial Markets include Banks, Building Societies, Leasing Companies etc. Financial Instruments are securities that are traded in the Financial Markets. These include bonds, stock, money market securities and derivatives. These are again very important

Jazzy Studio Is A Music And Sound Recording Marketing Essay

Jazzy Studio Is A Music And Sound Recording Marketing Essay Jazzy studio is a music and sound recording studio that provides recording services to local talents in and around Abeokuta south local government in Ogun state, Nigeria. The organization is led by a respected businessman, Seun Odegbami, who has considerable experience in running an effective business. The company owner Seun Odegbami offers more than 10 years of industry experience and offers a strong background in sound recording, audio engineering and promotional marketing skills. The focus of this business is to put forth objectives to provide audio recording services for musicians/artists, to provide quality promotional materials, increase sales and customer base, and to offer outstanding materials and videography services in the near future. Jazzy studio is ready to elevate to the next step and the company is also seeking a business loan in the amount of à ¢Ã¢â‚¬Å¡Ã‚ ¦7million, which will be used in the purchase of equipment upgrades and advertising. 1.1 MISSION Jazzy studios mission is to provide an environment in which personal artistry is encouraged and creativity is inspired as well as expressed. The company will commit to its customers by providing a professional full service recording studio and video production company dedicated to supplying superior quality at affordable price. 1.2 VISION We intend to provide our customers with the best quality and services ensuring customer satisfaction by encouraging two factors: HONOR AND INTEGRITY. 1.3 OBJECTIVES The main objectives of jazzy studios include: To provide exceptional audio recording services for musicians/artist. To increase sales and customer base To provide promotional material (posters, fliers) for musicians/artist. To offer outstanding videography services in near future. 1.4 PRODUCT AND SERVICES The studio will offer a variety of recording and production products that will appeal to the residents of our target market and its surrounding areas. These services include: Professional audio recording Manufacture and press compact discs for artist Creating innovative sound and concepts using the best recording equipments. Vocal training Tutorial sessions 1.5 MANAGEMENT BIOGRAPHY The management team of jazzy studios comprises of three staffs namely: Seun Odegbami, Richard Ositelu and Tope Ogundipe. The team is lead by Chief Executive Officer, Seun Odegbami who directs the affairs of the company after a successful career as a manager at Marvin Records. He received his first degree in media services from university of Lagos in 2001 and later proceeded to the University of Sunderland where he bagged his M.B.A in 2003. Seun Odegbami offers more than 10 years of vast experience in the music industry. The audio engineer is Richard Ositelu.The audio engineer also called audio technician, recording engineer deals with the use of machinery and equipments for production of quality sounds. Richard finished from Yaba College of Technology with HND in sound engineering and has 5 years of working experience in the studio. Tope Ogundipe acts as an administrative officer. She is responsible for all accounting and administrative services of the organization. Tope is an OND holder from Lagos state polytechnic and also offers 2 years of working experience. Our organization is made up of three staffs that would carry out business goals and ensure customer satisfaction is guaranteed at all time. C:UsersSubbyDownloadsacc3.gif Figure 1: illustration of company organogram 1.6 COMPANY SUMMARY COMPANY NAME: JAZZY STUDIOS LIMITED ADDRESS: 4, Laderin Road Abeokuta, Ogun State. PHONE NUMBER: 01-273648, 07061524987 EMAIL: [emailprotected], [emailprotected] WEBSITE: www.jazzystudios.com Jazzy studio sits in Laderin road which is the heart of Abeokuta. The studio consists of three rooms: a waiting area, a pre-production area and a post production area with a state of the art recording sound booth. It is the only full service, professional recording studio in the area. 2.0 THE ECONOMY The economic market condition in Nigeria is struggling to leverage her vast wealth in order to displace the crushing poverty that affects over 50% of its population. Despite the slowdown in the economy, there have been a great number of young talents taking music as a long time career. The music industry has high employment-generating potentials. The growing success of the industry has not gone unnoticed by investors and indeed many record labels are investing in new and talented artistes nationwide. The recent success of top musicians in the global world has been a massive boost for young aspiring talents in the music industry. 2.1 MARKET ANALYSIS SUMMARY The overall market for sound recording is immense and the demand for sound recording is increasing. Sound recording aid the booming technology that delivers audio to MP3players, computers, IPOD etc. also, sound engineering technicians operate machines and equipments to record, synchronize, and mix sound effect in recording studio, theater productions and video production. Jazzy studio launches its services in receptive to the steady growing market segment which is among young adults in Nigeria today. Despite the economic downturns, there is still an increase of young talents in the music industry and our organization is ready to provide sound services to local vocal talent whether they are artist, children interested in tutorial session in audio recording. 2.2 INDUSTRY ANALYSIS There are approximately 1,255 sound recording studios in Nigeria. Revenues generated by the industry total more than à ¢Ã¢â‚¬Å¡Ã‚ ¦50 million and there is an estimate of about 6,000 people employed by the industry. The industry is expected to continually grow as the number of potential talents is on the rise and more competitors entering the market. The Nigerian census estimates that the industry has grow at a rate of 11.5% annually. 2.3 MARKET SEGMENTATION Our market segmentation is fairly straight forward and focuses on our target market, customers within the music and sound recording industry. These customers prefer certain quality of work and its our duty to deliver the quality they expect. The information in our market analysis table shows our main markets which are the local independent artist and children. Our market for local independent artist who are our biggest and popular market exists due to ideal location. Our children clientele exist due to tutorial sessions we offer in our community. Table: Market Analysis Market analysis 2012 2013 2014 2015 Potential customers Growth Independent artist 20% 100 120 140 160 Children 20% 32 52 72 92 Total 20% 132 202 322 442 2.4 MARKET TARGET Jazzy studio will serve the music recording market segment. Since our company is located in the heart of Abeokuta, the target market will be young aspiring musicians who probably are unable able to afford the regular studio session fee. They utilize us to build onto their audio portfolio, and to provide excellent service. Because we mainly focus on the music recording market, we know how to meet the specific needs of our clients. Therefore, we intend to reach our target market through word of the mouth marketing, fliers and business cards which will be distributed in the neighborhood 2.5 COMPETITOR ANALYSIS Jazzy studio is the only full service and professional studio in Abeokuta south local government and our business is in a non-competitive environment. The studio has modern and abstract sound systems which will attract more customers. There are currently no competitors in this line of business in Abeokuta south. 2.6 COMPETITVE ADVANTAGE Jazzy studios competitive advantage relies in our ability to position as a strategic ally with our customers. The companys reputation of being trustworthy and reliable will be a key factor by building a business based on long standing relationship with our clients. The longer the relationship, the more we will help our clients understand what we offer them and why they need it. Our Producers and audio engineers will establish strong relationships with clients to ensure that they are satisfied because it aids us in generating future business. Our organization operates under a business philosophy that specialized customer service is the best way to attract more clients. Jazzy studios also recognize the opportunity to provide tutorial sessions to young aspiring adults. This approach tends to get the attention of local young aspiring musicians/artist which is the best way to make money in the long term and bring the best out of clients. 3.0 BUSINESS STRATEGY Our business strategy involves advertising and reaching all the potential clients that we can. Our goal is to provide exceptional service to our customer and satisfy them at all cost. Currently, jazzy studio has an advantage because the owner/produce, Seun Odegbami is a well known superior business man that has excellent audio engineering and communication skills. Seun also offers more than 10years of experience to the music recording industry. Once a few bands have been secured, it then becomes our marketing strategy to plug the bands as much as possible. This will be done by leveraging all of their networking contacts. 3.1 SALES STRATEGY The CEO has an excellent customer relation and interpersonal skills; these skills will be used in making customer/musicians comfortable in trusting jazzy studio to produce and record music for them. Keeping customers happy, we feel, is an implicit part of building a relationship that will encourage business growth. 3.2 SERVICE BUSINESS ANALYSIS As a music recording company, it is our duty to offer customers the best services, a professional atmosphere and comfortable environment. We also provide musicians/artist with promotional materials, such as fliers, posters and cd covers at a very reasonable price. As simple as it may be, our method of executing customer service has an important effect on the bottom line. Skillful use of good communication will bring the business we desire. 3.3 WEBSITE MARKETING STRATEGY Our online services will provide intending customers an opportunity to access more information about the organization, promos, recording hours and tutorial. The site will be linked to various entertainment sites such as music sturvs, notjustok, and jaguda. Jazzy studio will also submit the site to several different search engines and lastly, the URL address will be prominent on printed material and correspondence. 4.0 FINANCIAL ANALYSIS The financial plan of any business is essential as it makes all the difference between organized activities and chaos (Maslauskaite and Koumpis 2011). A comprehensive business plan is useless if it does not contain a financial plan and projection for the future. The current financial plan for jazzy studio is to obtain a business loan in the amount of à ¢Ã¢â‚¬Å¡Ã‚ ¦7million. The loan will be used to update and purchase new equipment and software, increase advertising and provide video recording services. The following sections of this plan will serve to describe jazzy studios financial plan in more details: Sales projection Balance sheet Profit and loss Break-even analysis 4.1 SALES PROJECTION Sales projection is a core in a business plan. Managers tend to measure a business growth by its sales and the sales forecast sets the standard for expense, profit and growth. Jazzy studios average 21 sessions a month. Studio sessions cost à ¢Ã¢â‚¬Å¡Ã‚ ¦7500/hour. Most sessions last for 3 hours thus each session totals à ¢Ã¢â‚¬Å¡Ã‚ ¦22,500.Each promotional design cost à ¢Ã¢â‚¬Å¡Ã‚ ¦10,000. Our goal is to design between 50-100 promotional designs a year. Our forecast for jazzy records total sales in its first year is à ¢Ã¢â‚¬Å¡Ã‚ ¦3,150,000. During the years 2014-2016 we see a 30% annual increase. Table: SALES PROJECTION Sales Forecast 2013 2014 2015 2016 Unit sales Audio Production 120 135 161 195 Promotional design 45 91 110 165 Total Unit Sales Unit Prices Audio Production Promotional Design Sales Audio Production Promotional Design Total Sales 165 2013 à ¢Ã¢â‚¬Å¡Ã‚ ¦22,500 à ¢Ã¢â‚¬Å¡Ã‚ ¦10,000 à ¢Ã¢â‚¬Å¡Ã‚ ¦2,700,000 à ¢Ã¢â‚¬Å¡Ã‚ ¦450,000 à ¢Ã¢â‚¬Å¡Ã‚ ¦3,150,000 226 2014 à ¢Ã¢â‚¬Å¡Ã‚ ¦22,500 à ¢Ã¢â‚¬Å¡Ã‚ ¦10,000 à ¢Ã¢â‚¬Å¡Ã‚ ¦3,037,500 à ¢Ã¢â‚¬Å¡Ã‚ ¦910,000 à ¢Ã¢â‚¬Å¡Ã‚ ¦3,947,500 271 2015 à ¢Ã¢â‚¬Å¡Ã‚ ¦25,500 à ¢Ã¢â‚¬Å¡Ã‚ ¦10,000 à ¢Ã¢â‚¬Å¡Ã‚ ¦4,105,500 à ¢Ã¢â‚¬Å¡Ã‚ ¦1,100,000 à ¢Ã¢â‚¬Å¡Ã‚ ¦5,205,500 360 2016 à ¢Ã¢â‚¬Å¡Ã‚ ¦25,500 à ¢Ã¢â‚¬Å¡Ã‚ ¦10,000 à ¢Ã¢â‚¬Å¡Ã‚ ¦4,972,500 à ¢Ã¢â‚¬Å¡Ã‚ ¦1,650,000 à ¢Ã¢â‚¬Å¡Ã‚ ¦6,622,500 Figure : sales by year 4.2 IMPORTANT ASSUMPTIONS The table below shows the assumptions used in the financial calculation of this business plan. The average per-unit revenue cost is estimated to be à ¢Ã¢â‚¬Å¡Ã‚ ¦18,700. The average per-unit variable cost is estimated to be à ¢Ã¢â‚¬Å¡Ã‚ ¦500. The estimated monthly fixed cost is à ¢Ã¢â‚¬Å¡Ã‚ ¦100,000. Table: General assumptions General Assumptions 2012 2013 2014 Current Interest rate 10.00% 10.00% 10.00% Long term interest rate 10.00% 10.00% 10.00% Tax rate 15.00% 15.00% 15.00% 4.3 PROJECTED PROFIT AND LOSS The net income for 2013, 2014, 2015 and 2016 is forecast to be à ¢Ã¢â‚¬Å¡Ã‚ ¦3,150,000, à ¢Ã¢â‚¬Å¡Ã‚ ¦3,947,500, à ¢Ã¢â‚¬Å¡Ã‚ ¦5,205,500, à ¢Ã¢â‚¬Å¡Ã‚ ¦6,622,500 respectively. The net profit for the same period is 4.4 PROJECT BALANCE SHEET The table below illustrates the project balance sheet. TABLE: Balance Sheet Pro forma balance sheet 2013 2014 2015 2016 ASSETS Current assets Cash à ¢Ã¢â‚¬Å¡Ã‚ ¦7,005,021 à ¢Ã¢â‚¬Å¡Ã‚ ¦7,503,871 à ¢Ã¢â‚¬Å¡Ã‚ ¦8,012,760 à ¢Ã¢â‚¬Å¡Ã‚ ¦8,499,091 Other current assets Total current asset Long term asset Accumulated depreciation Total long term asset Total assets à ¢Ã¢â‚¬Å¡Ã‚ ¦3,121,023 à ¢Ã¢â‚¬Å¡Ã‚ ¦10,126,044 à ¢Ã¢â‚¬Å¡Ã‚ ¦0 à ¢Ã¢â‚¬Å¡Ã‚ ¦0 à ¢Ã¢â‚¬Å¡Ã‚ ¦0 à ¢Ã¢â‚¬Å¡Ã‚ ¦10,126,044 à ¢Ã¢â‚¬Å¡Ã‚ ¦3,121,023 à ¢Ã¢â‚¬Å¡Ã‚ ¦10,624,894 à ¢Ã¢â‚¬Å¡Ã‚ ¦0 à ¢Ã¢â‚¬Å¡Ã‚ ¦0 à ¢Ã¢â‚¬Å¡Ã‚ ¦0 à ¢Ã¢â‚¬Å¡Ã‚ ¦10,624,894 à ¢Ã¢â‚¬Å¡Ã‚ ¦3,121,023 à ¢Ã¢â‚¬Å¡Ã‚ ¦11,133,783 à ¢Ã¢â‚¬Å¡Ã‚ ¦0 à ¢Ã¢â‚¬Å¡Ã‚ ¦0 à ¢Ã¢â‚¬Å¡Ã‚ ¦0 à ¢Ã¢â‚¬Å¡Ã‚ ¦11,133,783 à ¢Ã¢â‚¬Å¡Ã‚ ¦3,121,023 à ¢Ã¢â‚¬Å¡Ã‚ ¦11,620,114 à ¢Ã¢â‚¬Å¡Ã‚ ¦0 à ¢Ã¢â‚¬Å¡Ã‚ ¦0 à ¢Ã¢â‚¬Å¡Ã‚ ¦0 à ¢Ã¢â‚¬Å¡Ã‚ ¦11,620,114 LIABILITIES AND CAPITAL 2013 2014 2015 2016 Current liabilities Accounts payable à ¢Ã¢â‚¬Å¡Ã‚ ¦ 56 Current borrowing à ¢Ã¢â‚¬Å¡Ã‚ ¦0 32 91 Other current liabilities Subtotal current liabilities Long term liabilities Total liabilities Paid in capital Retained earning Earnings Total capital Total liabilities and capital Net worth à ¢Ã¢â‚¬Å¡Ã‚ ¦0 35 54 43 5.0 SWOT ANALYSIS A SWOT analysis identifies the internal and external factors that are either helpful or not and serves as a useful resources which may be incorporated into an organization strategic planning model (Chen and bruneski). The SWOT analysis aids in displaying the internal strengths and weaknesses that Jazzy studio must address. The SWOT analysis allows us to examine opportunities presented to Jazzy studio as well as possible potential threats. The companys strength which includes: having 10 years of industry experience and knowledge, quality production and sound, excellent and stable staff, essential equipment, high customer loyalty and good referral relationships as well as strong media relationship will help the company grow from strength to strength. 5.0.1 STRENGTHS 10 years of industry knowledge Essential equipments Strong media relationship Quality production and sound Cost advantages with new technology Growing customer base and customer loyalty within target group. Awesome website 5.0.2 WEAKNESSES Lack of money to advertise Cost factor with keeping state-of-the-art hardware New entrants Limited channels of distribution 5.0.3 OPPORTUNITIES Growing market with a significant of our target market still not knowing we exist. Strategic alliance offering source for referrals to extend our reach. Developing new technologies to cope with the driving force of the industry Internet through expanding e-commerce. Expanding nationwide 5.0.4 THREAT Emerging local competitors: currently there are no recording studios in the area. Increase in price inputs can cause upward pricing Changes in regulations can impact the business 5.1 LIMITING FACTORS The limiting factors that control the organization process, such as growth, resources are as follows: Lack of constant electricity Piracy

Wars are Not Good for the Economy Essay -- Economics War

One of the more enduring myths in Western society is that wars are somehow good for the economy. Many people see a great deal of evidence to support this myth, after all World War II came directly after the Great Depression. This faulty belief stems from a misunderstanding of the economic way of thinking. The standard "a war gives the economy a boost" argument goes as follows: Let's suppose that the economy is in the low end of the business cycle, so we're in a recession or just a period of low economic growth. The unemployment rate is high, people may be making less purchases than they were a year or two ago, and overall output is flat. But then the country decides to prepare for war! The government needs to equip its soldiers with the extra gear and munitions needed in order to win the war. Corporations win contracts to supply boots, and bombs and vehicles to the army. Many of these companies will have to hire extra workers in order to meet this increased production. If the preparations for war are large enough, large numbers of workers will be hired reducing the unemployment rate. Other workers may need to be hired to cover reservists in private sector jobs who get sent overseas. With the unemployment rate down we have more people spending again and people who had jobs before will be less worried about losing their job in the future so they'll spend more than they did. This extra spending will help the retail sector, who will need to hire extra employees causing unemployment to drop even further. A spiral of positive economic activity is created by the government preparing for war, if you believe the story. The flawed logic of the story is an example of something economists call The Broken Window Fallacy. The Broken ... ... a factor of production which will certainly help economic growth. 2. Stability and Economic Growth in the Middle East If peace can somehow be established in the Middle East, the U.S. government might not have to spend as much money on the military as they do now. If the economies of the countries in the middle east become more stable and experience growth, this will give them more opportunities to trade with the United States, improving both the economies of those countries and the U.S. Personally I do not see those factors outweighing the short term costs of the war in Iraq, but you can make a case for them. In the short term, however, the economy will decline due to the war as shown by the Broken Window Fallacy. Next time you hear someone discuss the economic benefits of the war, please tell them a little story about a window breaker and a shopkeeper.

Child Favoritism Essay

Do parents really have a favorite child? According to â€Å"The Science of Favoritism† by Jeffrey Kluger, yes, parents do have a favorite child although they try very hard to hide it. This article is about parents having a favorite child and the science behind it. It also talks about how nature plays a role in child favoritism, how favoritism is influenced by gender, and what it feels like to be the second best. Not only does Jeffrey Kluger bring up great points throughout his article but he has many examples of real life situations from interviewing people. For example, when going and actually watching various siblings and parents, Catherine Conger, found that â€Å"70% of fathers and 65% of mothers actually do have a favorite child† (Kluger 44-50). She says that â€Å"these numbers are probably even higher because parents try very hard to try and hide their favoritism† (Kluger 44-50). The author relates child favoritism to how it works in nature. Parents want their kids to be the best and most successful out of all the other kids. Just like with animals, parents will pick the strongest, healthiest child to be the favorite and this is mainly because of genes and reproduction. Douglas Mock says that â€Å"we are like the black-eagle who has more than one kid for insurance purposes† (Kluger 44-50). The second or third child would be considered insurance in case the first kid is not strong or smart enough, but if the first child is superior then the policy is terminated. With gender roles in favoritism, the author states that the mother may pick the first son as her favorite and the father may pick the youngest daughter as his favorite. Douglas Mock shows many examples of how this is true and writes that girls will follow in their father’s footsteps where as the boys will follow in their mother’s footsteps. When talking about being second best, the article shows how not being the favorite is very hard on a child. Clare Stocker did a study on 136 sibling pairs and found that the child being loved the less will usually develop depression and low self-esteem. This doesn’t mean that that most favored child will always be the most successful. Child favoritism can also damage the favorite child because they may be used to getting everything and may not develop certain skills. I find all this evidence very compelling, and being the second child and youngest of two sons, I believe a lot of what this article says is true. I also think a lot of it depends upon who the parents are and I don’t totally agree with some of the points made. Yes, my brother is bigger and stronger, but I am probably healthier and smarter. We both have our perfections and we both have our flaws but I would say we are both equal. That doesn’t mean our parents don’t have favorites, because I’m sure they do but I would say it changes from time to time. This article can be used by many people but there is a specific audience that can really benefit from reading this article. I would say the author was trying to reach either young couples thinking about starting a family, couples that have recently started a family, or couples that have already gone through parenting. He would try to reach young couples either thinking about a family or young couples that just started a family because it would be helpful for them to know this information and would hopefully lead to better parenting and decision making so their kids, either the second best or even the favorite, don’t end up totally damaged. The author would also be trying to reach couples that have gone through parenting and all their kids are grown up because maybe they need to help the child that wasn’t loved as much. I think that the author effectively addressed the target audience especially with all the stories and research he found and put in the article. Work Cited Kluger, Jeffrey. â€Å"Why Mom Liked You Best: The Science of Favoritism.† Time. 02 10 2011: 44-50. Print.

Which Measures IQ Better, ACT or SAT What Does That Mean for Which to Take

Which Measures IQ Better, ACT or SAT What Does That Mean for Which to Take SAT / ACT Prep Online Guides and Tips Does the ACT or SAT measure intelligence better? What does this mean about which test you should take? One way to define IQ is the ability tosolve problems based on given information. Here, we look at whether the ACT or SAT is more related to IQ (spoiler: there is an answer!) and what this means for your test-taking strategy. What Is IQ? Basic Terms and Definitions To make sense of the results presented below, let's start with some key terms and definitions you should know. IQ (Intelligence Quotient) IQ has a number of different technical definitions, none of which change the conclusion of this article much. For this article, we'll use the definition of IQ that's easiest to digest: IQ is the ability to solve problems based on given information. A key phrase here is given information. Someone with a high IQ, ifgiven a series of numbers, can probably find the next number in the sequence. At the same time, someone with a high IQ might not know how to change the oil in a car as this is learned information(we go over this phrase in more detail below). IQ tests generally don't test you onlearned information. Thus, having a high IQ doesn't necessarily guarantee that you'll be able to quote Robert Frost, recite the order of the planets, or define a trapezoid - all of that is learned, not given, information! Learned Information You've probably already guessed the meaning of this based on the definition of IQ above. Simply put, learned information isinformation you must learn in order to know how to solve a problem or answer a question. This includesthe bulk of what's taught to you in school.So if you've ever had to memorize anything,that's learned information. For example, when you learned how to do long division, that would be learned information since you wouldn't know how to approach that type of division problem without first learning what long division is and how to use it. By contrast, given information means that you should theoretically be able to solve a problem based only on the information given to you. SAT vs ACT: How Questions Test (or Don't Test) IQ At this point, it's worth noting that boththe ACT and SAT are designed to test a combination of IQ and learned information. You need IQ because both tests have difficult questions that require innate intelligence. You also need learned information because you can't do well on either test without having memorized specific concepts, such as math formulas and grammar rules. So what are some differences between the ACT and SAT? And how do these differences affect their manner of testing IQ? SAT Questions In the past, the SAT relied more on "tricks" for difficult questions. However, since the test's 2016 redesign, it's a lot more similar to the ACT - and thus less tricky. In other words, you should be able to do reasonably well on the SAT as long as you know when and how to utilize thelearned information taught to you in school. Here's an example of an SAT Math questionthat requires outside information to solve it: As you can see, there are no tricks or ambiguous words here; the question is clear and easy to understand. But you can't answer it without knowing the rules of angles- concepts you should have learned in geometry class. According to these rules, when a set of parallel lines intersects another set of parallel lines, some angles will equal the same values, and others will add up to a sum of 180 degrees.Knowing this outside information allows you to answer the question both quickly and correctly. While you can try to use onlygiven informationto solve this problem, it won't be as effective as using learned information. For example, you could venture to guess the measure of ∠ 2 by looking at the diagram alone; however, this isn't a particularly good strategy since math diagrams aren't always drawn to scale. ACT Questions Like the redesigned SAT, the ACT is often made easier if you know some outside information (i.e., learned information). For example, a question on the ACT Science section might look like this: [Experiment Data Here] Suppose the scientists collect an elemental liquid from the cooling coil into a beaker. Based on the experiment data, which elemental liquid is it most likely to be? A) WaterB) BromineC) NeonD) IodineE) Mercury With these questions, you can always find the right answers by carefully reading and analyzing the experiment data (not included in the above example). However, by using a little bit of learned information, you'll be able to answer this question in even less time. If you remember chemistry class well enough, you can immediately eliminate three answer choices - water, iodine, and neon - as these are not elemental liquids that can usually be collected in a beaker. So Is the ACT or SAT More Related to IQ? You might have been coming to the right conclusion yourself as you read this. But in case there's any doubt, the answer is this: both the SAT and ACT give a nearly identical amount of credit to learned information. As we saw above, both the SAT and ACT have similar questions for which you can (or must) use learned information in order to solve.As a result,neither test appears to test IQ more than the other does. However, this isn't the same conclusion we'd get if we were to instead look at the pre-2016 SAT. Unlike the new SAT, this version of the test had more tricks and puzzles, meaning it tested given information more often than the ACT did. Thus, we can say that the old SAT was clearly more of an IQ-based test than the ACT (and new SAT) is. In fact, a rigorous peer-reviewed study performed byFrey and Detterman came to this conclusion, too. This study took a large number of students and looked at their real IQs, old SAT scores, and ACT scores. Both the ACT and old SAT were highly correlated with IQ, but the SAT took first place by a good margin (88% versus 77%). What Does This Mean for Test Takers? In the end, it doesn't really matter whether you take the SAT or ACT. Both tests structure their questions similarly, and both offer questions you can answer more quickly or more efficiently using learned information. Neither test is particularly geared toward those who areclassically "higher in IQ" or "better in class than on test" types. That said, there are other reasons you might want to consider taking one test over the other, such as test date options or how strong you are in science.So before you register for the SAT or ACT, be sure to figure out which test is right for you. You might even end up taking both! What's Next? How are the SAT and ACT similar to each other? How are they different? Read our detailed breakdown of the two tests to learn exactly what makes them unique. Will you do better on the SAT or ACT? Our guide goes over the steps you must take to figure out which test better suits your strengths. Want to know how an SAT score translates to an ACT score and vice versa? Input your scores in our conversion charts to see! Want to improve your SAT score by 160 points or your ACT score by 4 points?We've written a guide for each test about the top 5 strategies you must be using to have a shot at improving your score. Download it for free now:

Negotiation Paper Essays

Negotiation Paper Essays Negotiation Paper Essay Negotiation Paper Essay Thomas could not decide what to do. Rodgers asked for advice from all sorts of people including his parents. His father knew someone who worked at a car dealership and they set up an appointment to go meet with him. Upon entering the car dealership for his appointment Rodgers brought all his information with him that he had previously gathered from other resources. When starting to negotiate the dealer asked Rodgers to take a look around at the cars to see what type of car he wanted to Invest in. Rodgers already knew what he wanted and how much he wanted to spend. He expressed this to the dealer and he explained to the dealer what his bank had already stipulated. The dealer responded by telling Rodgers he can get him in the car he wanted at a better interest rate and it would be a 2010 vehicle. The dealer asked what color car he wanted and Rodgers replied silver. The dealer began working on the sale. The dealer ran Into a problem with that particular vehicle, the amount was over what Rodgers credit said he can afford (debt to orator)_ So the dealer asked Rodgers If e would be willing to switch to a light blue car with just a few thousand miles on it but it still was a 2010. Rodgers agreed. The dealer started re-working the sale. After a while the dealer told Rodgers he can get him into that vehicle at a lower interest rate but he needed $500 more towards the deposit. Rodgers wanted a little bit more to the contract If he was going to put down $5,500. The dealer worked some more. Finally, the dealer said the best he could do was a lower Interest rate with the same amount of deposit, with an added car protection maintenance plan for five years for the care, ND the final total of the car would be less than what he initially intended to spend. To sum it up Rodgers drove away in a vehicle that he really liked for a final total after deposit of $13, 543, an interest rate of 7. 9%, the car was a 2010, low miles, with the five year protection plan, the car only had one previous owner, the car had been in no car accidents, and a low monthly note. According to McGraw-Hill negotiating Is not only common but It Is also essential to living an effective and satisfying life. Negotiation is an agreement that has been agreed upon between two or more arties. Negotiations can occur in all different kinds of circumstances such as, business, government, personal individuals, legal proceedings, nations, marriages, parenting, and divorce. Attitude plays an important role in negotiations. Attitude has the potential to be positive or negative in a negotiation. Negative attitude can cause Intense emotion between the parties Involved. Conflicts can escalate and this can cause a Dreamlike In ten negotiation. Having a positive Attlee can possibly De able to lead to reach an agreement. This can possibly help maximize gains in the estimation. Positive and negative discrete emotions can be strategically displayed to influence task and relational outcomes and may play out differently across cultural boundaries (Spokesman, Rosette, and Thompson). Each negotiation situation is different, and is also influenced by a person style or emotions. Often negotiation is looked at as something bad, because it implies a difference in the parties involved. Understanding more about negotiations will allow the parties involved to manage the negotiation with confidence. This will most likely increase the chance of the outcome o be positive for all parties involved. Negotiation should not be confrontational. An effective negotiation is when there is communication with all parties involved and working together to find a solution. The attitude that a person takes in a negotiation sets the tone for the interaction between the parties. It is normal to become emotional in a negotiation. Keep in mind the more emotional one gets the less one is able to channel the negotiation in constructive ways. It is very important to maintain control. Overall, Rodgers did his research before entering the car dealership. Rodgers knew what his goal was and he went into the dealership with a positive attitude. Having a positive attitude Rodgers had more confidence going into the dealership. Rodgers knew that if he had a negative attitude going in it may have had a detrimental effect on the negotiation. Having a negative attitude going in could have cause the negotiation process to begin with distrust and clouded both parties judgment. This would have also narrowed the individual focus of attention and change the mind of both parties general goal from reaching the agreement.

Fashion Design Term Paper Example | Topics and Well Written Essays - 1250 words

Fashion Design - Term Paper Example Fashion designers have various responsibilities in their daily operations. First, they ought to be apt of innovating and producing concepts that are appealing and prospective. Additionally, they should have either the ability to construct sketches by hand or the ability to use a computer. They also should be apt of developing various appealing patterns, which they translate to their pieces. Moreover, they should be keen in overseeing and monitoring production of their aesthetic pieces. They ought to be in a position to analyze trends on fabric, shapes and colours. Fashion designers operate at any time, and may end up working for long hours. They usually participate in fashion shows, compile collections and derive samples for prospective buyers. They may as well attend the shows as auditors; involve themselves in prediction fairs among other activities such as visiting of prospective clientele and exhibitions. Travel is apparently mandatory and overtly necessary for fashion designers (Jones 22). They have promising salaries at their disposal, such as sixty thousand pounds annually. Fashion designers ought to be competent and creative whenever they embark in their work. They have as eye for colour, patterns and textures. They have the aptitude to visualize things in three perspectives or dimensions. Additionally, they possess technical skills in areas such as garment making, grading and cutting of appealing patterns that are aesthetic and pleasing to their clientele.

Women's Rights in Islam Research Paper Example | Topics and Well Written Essays - 2500 words

Women's Rights in Islam - Research Paper Example Social responsibility among Muslims originated from the Qur’anic scripture which says: â€Å"And [as for] the believers, both men and women—they are friends and protectors of one another: they [all] enjoin the doing of what is right and forbid the doing of what is wrong, and are constant in prayer, and render the purifying dues, and pay heed unto God and His apostle. It is they upon whom God will bestow His grace: verily, God is almighty, wise.†i The above Qur’anic verse indicates that men and women are to cooperate with one another in the educational and political sphere (they should understand God’s commandments and have an influence in society to actualize God’s wisdom), in the social sphere (helping the poor and the disadvantaged), and in the religious sphere (prayer). These required tasks mentioned in the verse reveal that both men and women are to actively take part in society instead of simply being submissive or indifferent. Participation in the political realm is a way to accomplish one’s duties to society. Political participation can be carried out in various ways, from voting, to occupying a position as a magistrate or lawmaker, to being a national leader. Islam offers examples for each of these positions, roles, and duties for women. Within the spiritual realm, Islam does not distinguish between men and women. According to the Qur’an, men and women have to fulfill the same objective—both will receive rewards or punishments based on their personal deeds, both will be tried by God, and both have an obligation to live up to their religious duties. Every time the Qur’an specifies those blessed people who will be accepted to the Garden of Bliss due to their goodness, piousness, and virtue, it cites both men and women: â€Å"And whoever does righteous good deeds, male or female, and is a (true) believer [in the Oneness of Allah (Muslim)], such will enter Paradise and not the least injustice, even to the size of a Naqira (speck on the back of