Finance free essay sample

These policies are characterized by a combination of risk and return, and can have from a conservative to an aggressive profile. The three types of working capital policies most recommended and used are: Aggressive Policy, Average Policy, and Conservative Policy. The aggressive policy working capital management focuses on maintaining current assets amounts at minimum levels, which is reflected in the total asset turnover higher, with a higher margin. This policy emphasizes the aspect of returns on risk-return decision. This policy is the highest risk policy but with more funds to reinvest in the company or usiness. According to Kulkarni (2011) â€Å" it is a high risk arrangement though, because, should your creditor come asking for money, and for some reason, you dont have enough money to pay them off, you might end up having to sell a costly asset to pay off your debt to them. † (Kulkarni, A. 2011 , Working Capital Policy, 9). The matching policy working capital management l eaves a person with cash available to reinvest in his company or business. We will write a custom essay sample on Finance or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page This policy entails a medium level risk and with this policy the business assets matched business liabilities. According to Kulkarni (2011) â€Å"this policy works in an arrangement where the current assets of the business are used perfect to match the current liabilities. It is a medium risk proposition and requires a good amount of attention. † (Kulkarni, A. 2011 , Working Capital Policy, 6). A conservative policy working capital management focuses on maintaining a high liquidity, as well as other accounts assets, as inventories and accounts receivable, which is very expensive, because they remain idle resources that eventually become unproductive, with slow rotation of assets due to the large investment in current assets. This policy emphasizes the minimization of risk, as opposed to maximizing yields that is not risk to be sure liquidity. A conservative policy may be best for people who want to keep low risks. According to Kulkarni (2011) â€Å"This is the policy with the lowest risk, but it reduces the money used in increasing the production† (Kulkarni, A. 2011 , Working Capital Policy, 11). Recommended Policy The working capital policy recommended for Lawrence Sports is the matching policy, more commonly referred to as the moderate approach. The working capital is funded by short and long term borrowing, equity financing or a combination of them. It is vital for the company to balance the risk and return of financing. The moderate approach falls in between the two other polices described above and is the most balanced. This enables Lawrence Sports to balance its risk and returns. Furthermore, it finances short term debt with temporary assets while permanent and fixed assets are financed by long term debt and equity sources (Zeepedia, n. d. ). A moderate approach gives Lawrence Sports the ability to maintain the relationships necessary to continue business, balance the working capital to still create a profit, and repay what is owed to the bank. Figure 1. Different Policies Regarding the Level of Investment in Working Capital demonstrates how the Moderate Approach compares with the others in terms of the level of investment in working capital (Watson amp; Head, 2012, p. 72). Risk It is important for a company to choose the best working capital policy, one that features a level of risk the company can handle. Team C decisions about working capital management are being driven by the intrinsically related priority of risk management. Team C’s aim is to minimize the risk of insolvency while maximizing the return on the assists (Dixon, 1991). Teams C choose the matching working capital policy because it entails a medium level of risk and it will also leave Lawrence Sports with more cash to reinvest in the business. Lawrence Sports will keep low levels of working capital so that they can employ the funds more productively elsewhere like purchasing more goods or more machinery. It is a relatively amount of risk balanced by a relatively moderate amount of expected return. The best level of working capital would be the one in which a balance is achieved between risk and efficiency which also requires continuous monitoring to maintain proper level in various components of working capital, i. e. , cash receivables, inventory and payables, etc. Contingencies A contingency is an unexpected event or situation that affects the financial health, professional image, or market share of a company. It is usually a negative event, but can also be an unexpected windfall such as a huge order. Anything that unexpectedly disrupts a companys expected operation can harm the company even if the disruption is because of a windfall (Duff, 2013). In the case of Lawrence Sports there should be a contingency plan in place in the event product is damaged or lost either in transit or by some unforeseen event. Another contingency plan Lawrence Sports should consider is a cash reserve to cover accounts receivable loses if Mayo defaults on invoice credits. In this case vendor defaults affect bottom line but in turn Lawrence would not have to borrow money from Gartner and avoid high interest rates. For Lawrence to recover from such an incident Lawrence Sports needs to use its working capital to cover the costs so that funds are not continuously incurred on the bank loan. In order for Lawrence Sports to raise the capital to cover a contingency plan Mayo would have to relinquish all sales to Lawrence Sports, payments to Gartner will have to be stretched out further and Murray would lose working capital and halt operations because Lawrence Sports payments would be differed even longer. These hefty decisions are all apart of risk management and can negatively affect business relations.

Judith Beveridge Poem Essay free essay sample

Judith Beveridge Poem Essay This essay discusses the value and merit of Judith Beveridges poems Domesticity of Giraffes and Fox in a tree stump and describes how each poem clarifies the value of life. Judith Beveridge is a well known poet whose poems portray moral values and meanings which are essential elements for Australian poetry. Two of her poems Domesticity of giraffes and Fox in a tree stump express these elements by clarifying the value of life, exploring humanitys relationship with animals and raising the issue of inequality between men and women. The two poems clarify the value of life. The enclosure where the giraffe lives in Domesticity of giraffes is a metaphor for no life as her life is very lonely and restricted. On the other hand, her natural habitat is a metaphor for life, as is identified in she could be a big slim bird just before flight, meaning freedom. We will write a custom essay sample on Judith Beveridge Poem Essay or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page In writing about how the child prayed not to waken another animal from the wheat because it would run the risk of losing its life in Fox in a tree stump, Beveridge conveys that life is precious. The snapping of the twig, the ringing of the branch and the flying of the galahs propose that all deaths have frightening consequences, indicating that death in itself is like a fiend destroying life. The use of juxtaposition, such as I was a child praying for the dark each time the sun caught my uncles eye, is used to compare the beauty of life to the seriousness of death. The alliteration she languorously swings her tongue allows the responder to feel for the sick giraffe and empathise it in its desire for life. The poems explore humanitys relationship with animals. This is briefly illustrated in Fox in a tree stump where Beveridge uses native Australian animals as symbols to express her viewpoints. In the fourth stanza the galahs flying away is symbolic of freedom and liberation for both the child and the fox. The uncle leaving the child with the fox demonstrates the exploration of the relationship between humans and animals through the exchange of pain between the child and the animal. Furthermore, there is a sense of communication between the child and the fox within the silent environment which makes the responder consider who the protagonist really is. Beveridge suggests that animals have as many rights as humans do. The use of personification The fox stood coughing explores humanitys relationship with animals by allowing the reader, as a human, to feel for the animals dilemma. There is an exploration of humanitys relationship with animals in the simile. â€Å"swings her tongue like a black leather strap as a human quality is used to describe the animals actionThe poems raise the issue of inequality between men and women. Beveridge highlights this aspect in both Domesticity of giraffes and Fox in a tree stump, however she has displayed different viewpoints of it in each of them. Domesticity of giraffes explains the perception that the male is the provider by the bull drenching the ground to provide the giraffe some moisture. Both poems communication with the audience and raises the issue of inequality between men and women because the messages are read on what comes across as a feminists point of view, which in turn would more likely affect a female audience than a male audience. The oxymoron sensual agony shows the giraffes . The assonance I knew my uncles rabbit-skinning hands describes the masculine qualities of the uncle. Both of Beveridges poems are effective because they clarify the value of life, explores humanitys relationship with animals through symbolism and they raise the issue of inequality between men and women through analogies. These poems are ultimately a poem which questions and challenges societys moral meanings and values.

Using Vivre in French Expressions

Using Vivre in French Expressions The French verb vivre literally means to live and is also used in many idiomatic expressions. Learn how to be at peace, move with the times, live to a ripe old age, and more with this list of expressions with vivre. Possible Meanings of vivre to liveto be alive(in the passà © composà ©) to be over, to have had its day, to be a thing of the past Expressions with vivre vivre au jour le jourto live from hand to mouthvivre aux crochets de quelquun (informal)to live/sponge off someonevivre avec quelquunto live with someonevivre avec son à ©poqueto move with the timesvivre avec son tempsto move with the timesvivre biento live wellvivre centenaireto live to be 100vivre comme mari et femmeto live as husband and wifevivre damour et deau fraà ®cheto live on love alone, to live a carefree lifevivre dangereusementto live dangerouslyvivre dans la crainteto live in fearvivre dans les livresto live in booksvivre dans le passà ©to live in the pastvivre deto live on, make a living fromvivre de lair du tempsto live on airvivre des temps troublà ©sto live in troubled timesvivre en paix (avec soi-mà ªme)to be at peace (with oneself)vivre largementto live wellvivre le prà ©sentto live for the presentvivre linstantto live for the momentvivre mal quelque chose  to have a hard time of somethingvivre que pour quelque choseto live for somethingvivre sa foito live out ones faithvivre sa vieto live ones own lifevivre son artto live out ones artvivre sur sa rà ©putationto get by on the strength of ones reputationvivre une pà ©riode de criseto be going through a period of crisisvivre vieuxto live to a ripe old ageavoir (juste) de quoi vivreto have (just) enough to live onà ªtre facile/difficile vivreto be easy/difficult to live withfaire vivre quelquunto support somone, keep someone goingsavoir vivreto know how to live (have a good life) or to know how to behave  se laisser vivreto live for the day, to take life as it comestravailler pour vivreto work for a livingÇa lui apprendra vivreThatll straighten him out. Lhomme ne vit pas seulement de pain.Man shall not live by bread alone.Il fait bon vivre.Its good to be alive.Il faut bien vivre  !You have to live!Il me fait vivreIt pays the bills, Its a livingIl vit un beau roman damourHis life is a love story come trueJe vais lui apprendre vivreIll teach him a thing or twoLaissez-les vivre  !Let them be!On ne voyait à ¢me qui viveThere wasnt a living soul to be seen.Qui vivra verra.What will be will be.La vie ne vaut pas la peine dà ªtre và ©cue.Life isnt worth living.Vive... !Long live ...! Hurrah for ...!Vive la France !Long live France!lart de vivreway of lifela joie de vivrejoy of lifele savoir-vivremannersle vivre et le couvertbed and boardle vivre et le logementroom and boardles vivressupplies, provisionscouper les vivres quelquunto cut off someones means of subsistenceà ªtre sur le qui-viveto be on the alertla vielifeCest la vie  !Thats life!vivant (adj)living, alive, livelyde son vivantin his/her lifetimela vive-eauspring tidev ivement (adv)brusquely, sharplyVivre conjugations

Using the Spanish Pronoun Nadie

Using the Spanish Pronoun Nadie Nadie  is an indefinite pronoun that typically means no one or nobody.  Nadie can replace a  noun  that has been mentioned previously in a conversation or is obvious from context; it is considered indefinite because it doesnt refer to a particular person. Key Takeaways: Nadie Nadie is usually a pronoun that means nobody or no one.When used as part of a double negative, nadie often is translated anybody.Unless the context demands otherwise, nadie is treated as masculine. Although it has no gender, it is typically used with masculine adjectives unless the context requires otherwise. The antonym of nadie is alguien. Nadie Used as a Subject Nadie when used as the subject of a sentence takes a singular verb. For example,  nadie lo cree  means nobody believes it or no one believes it. Nadie es perfecto. (Nobody is perfect.)Los mujeres soon tristes. Nadie est contenta. (The women are sad. Nobody is pleased. The feminine adjective is used here because the context indicates that nadie refers to women.)Nadie quiero viajar conmigo. (Nobody wants to travel with me.)Una encuesta revela que casi nadie va a comprar el new iPhone 8 si cuesta ms de 1.000 dà ³lares. (A new poll indicates that almost nobody is going to buy the new iPhone if it costs more than $1,000.) Nadie Used as Part of a Double Negative When nadie follows the verb of a sentence, typically it is used as part of a double negative. Because standard English does not use double negatives, nadie is sometimes translated into English as anybody or anyone in such sentences. For example, No conozco a nadie translates to, I dont know anybody.  ¡No lo digas a nadie! (Dont tell anyone!)Ellos jams comprenden a nadie. (They never understand anybody.)No veo a nadie fuera de mi trabajo. (I never see anybody outside of my work.) Nadie Used in Questions When used as part of a question, nadie is used as part of a double negative. For example,  Ã‚ ¿No ha estudiado nadie?, means,​Hasnt anybody studied? Again, because nadie is being used in a double negative, the word is translated into anybody.  ¿No quiere nadie ir contigo? (Doesnt anybody want to go with you?) ¿No sale nadie para asistir a la clase? (Isnt anybody leaving to attend class?) ¿No cree nadie que Elvis todavà ­a vive? (Doesnt anybody still believe Elvis is alive?) Nadie Used as an Object Pronoun When used as an object pronoun, nadie requires the personal a. A personal a  serves as a preposition. It has no direct translation into English.  For example, No veo a nadie means I dont see anyone. A nadie me importa. (Nobody cares about me.)Estoy sola en una ciudad donde no conoce a nadie. (Im alone in a city where I dont know anybody.)Mi misià ³n no es daà ±ar a nadie. (My mission isnt to harm anyone.) Using the Phrase Nadie De In standard Spanish, the phrase nadie de, nobody from, nobody in, or nobody of, is followed by a singular noun. The Royal Spanish Academy says that nadie de should not be used to indicate one person of a group, and that ninguno should be used instead. Thus none of my friends should be translated as ninguno de mis amigos. However, in real life nadie de mis amigos is sometimes used. These examples are of standard Spanish: Nadie del equipo est feliz. (Nobody from the team is happy.)Ninguno de los jugadores est feliz. (None of the players is happy.)No hay nadie de Madrid en el foro. (There is nobody from Madrid in the forum.)No hay ninguno de los estudiantes en el foro. (There are none of students in the forum.) Nadie Used Figuratively As with nobody in the English sentence He believes hes a nobody, nadie can be used figuratively as a noun. As a noun it can be masculine or feminine as well as singular or plural depending on whom it refers to. Quiero que sea un nadie en mi mundo. (I want to be a nobody in my world.)Ahora volvà ­a a ser la doà ±a nadie que no podà ­a tener novio. (Now I would again become the Ms. Nobody that couldnt have a boyfriend.)Los sinhogares son los nadies, los olvidados. (The homeless are the nobodies, the forgotten ones.)

Lower Divison Capstone Essay Example | Topics and Well Written Essays - 1250 words

Lower Divison Capstone - Essay Example These new ventures are being opened in the lesser developed urban centers of Australia. Basic legal environment They are the factors associated with the legal environment of the firm. In Australia, there have been many changes in the legal framework of the firm such as increase in minimum wage, introduction of disability and age discrimination legislation and greater requirements of the firms to keep the standard requirements by the Law. These changes have helped JB Hi-Fi to be up to standard in offering the best services to the customers. It has also facilitated it new projects that aim at expanding the customer reach (Porter, M., 1998). Social environment Demand for a firm’s product depends on the social trends in a country, the willingness and availability affects the rate of demand. In Australia, like any other developed country, the population is aging because of increasing life expectancy and low infertility. This has resulted to very few people with the age below fiftee n years and being a threat to the company because the market is stagnant (Porter 1998). Economic environment These include taxation changes, interest rates, exchange rates, inflation and economic growth. Demand for a certain firm’s product may rise because of an increase in national income. Investments are always discouraged by increase in interest rates. Wage demand may be proved by inflation because overall demand drops. Taxation leads to increase in price because an increase pushes the price upwards thus discouraging demand, this call for new strategies to dominate the market such as starting up new ventures in other regions (Richard 2002). Managerial, operational and financial operations of the company Project management Project management defines the following: business and project goals and objectives, project purpose, scope and expectations, constrains and assumptions, roles and responsibilities, expectation and scope, project management, project budget, ground rules o f the project, the conceptual of the new advanced technology and project timeline. Many objectives and goals have resulted from implementation of this quality project by the management. These includes: market dominance, healthy competition, availing quality products at low cost, encouraging remunerations which enhances effectiveness and the ability of staff to perform their job, increases the security of the data and provides a flexible, open, reliable base for the future (Disaster Recovery 2011). Critical paths and Contingency planning In a project plan, a project schedule is the main plan included in any project management. The main purpose of project schedule is bringing project time, quality and cost under control. It also helps in linking resources such as time and task. Once the project manager has efforts estimates, work breakdown structure (WBS), he/she is fully equipped for project schedule. The risks involved in any project are avoided and analyzed by the project schedule; the Critical Path Methodology (CPM) comes in because it is one of the elements of the schedule network analysis together with Critical Chain Project Management (CCPM) (Australian Bureau of Statistics 2011).

Strategic Management Of Ford Company Assignment

Strategic Management Of Ford Company - Assignment Example The Ford Motor Company was founded by Henry Ford in 1903. At its incorporation, the company had twelve investors. The company has since grown and currently has ownership of Lincoln line of vehicles as well as a sizeable stake in Mazda. Ford currently ranks fourth in accordance with Forbes list of 2014’s biggest auto companies after Toyota, the Volkswagen Group and Daimler which rank first, second and third respectively. Currently, Ford sells its vehicles all over the world but its predominant market remains the United States. Stakeholder Model: FordFreeman, who is considered the â€Å"father of the stakeholder concept†, developed a number of definitions for the term stakeholder. In one, he considers a stakeholder to be any group or individual that prevails over or is prevailed upon by an organization’s operations. In another definition, he states that stakeholders are those groups that are vital to the sustenance and prosperity of a company (Fontaine, Antoine & S tefan 2006). Under the stakeholder model, a value creation concept exists that thinks of stakeholders as any person or group that increases value to an organization or, in dealing with the company, assumes some form of risk. Ford pinpoints its stakeholders through assiduous internal discussions during the inception phases of their sustainability agenda development. The company pays significance focus to its stakeholders and the value they offer it in its quest to dominate the motor industry.

Iq Test Paper Essay Example for Free

Iq Test Paper Essay Battery is the standardized IQ test of the military and most high school guidance counselors recommend this test to their â€Å"lost† students. Each enlistee/student that takes this test will know one of two things, potential career path or what work assignment they will be doing for the next 2-4 years. I myself scored well, any job in the military was available to me, and choose to be an Airborne Petroleum Supply Specialist. This test didn’t really help me as it does with most high school sophomores, juniors, seniors, and students in postsecondary schools(Baker, 2002) looking for some kind of guidance for their future . I took the test because I was looking to be a free young man and this test would allow me to do that. I do believe that the ASVAB test is very helpful in shaping today’s youth. Since the first time the ASVAB was administered in1968 to over one fourth of all high school seniors the test has been revised drastically (Baker, 2002). In 1995 the Department of Defense (DOD) asked the American Institutes of Research to find out if the ASVAB test was really working to give high school students career assistance or not. The test already told the DOD what work assignment was best suited for the potential enlistee. Basically the American Institutes of Research decided that it was better to group all of the different test items together, thus creating the Career Exploration Knowledge Scale. The previous standard scale, the Career Decision Scale (Baker, 2002), was found to be a one-dimensional measure of career indecisions. Tests are designed to discriminate among individuals, and therefore contain items of varying difficulty (Gibson Harvey, 2003). The harder the questions, the fewer enlistee/students answer them correctly. The easier the questions, enlistee/student should answer them correctly more often. Some argue that the ASVAB test, among many others, is bias. Would you know to bake a cake or solve a mathematics â€Å"word problem†? Some women, in addition to men, have no clue how to bake or add. Tests revolve around what any given person has learned or seen before taking it. Anyone can say anything is bias. Overall, many studies have proven that the ASVAB Career Exploration Program both enhanced self knowledge associated with career discovery and reduced uncertainty for high school students. In Conclusion, to give guidance to a young adult who is still creating the networks and pathways of their mind, body and soul, then I say have at it.