Analysis of Cash Flow for a Small Business Assignment

Analysis of Cash Flow for a Small Business - Assignment Example Wallick (2009) on the other had states that in bigger businesses, there is a clear difference between EBIT and cash flow. The standard formula for EBIT that is applicable here is EBIT = Revenue – Operating Expenses (Investopedia). In the case of Charles, the various expenses, depreciation, and income had been given for the two years he was in business. Secondly Charles’ concern is his not generating enough income after investing two years in the business and he is contemplating to take a job that would pay him $40,000. Since he was in business for only two years and the second year was better than the first, the first area to look at will be the yearly percentage increase on Charles’ income and the following calculation will show that. The above calculation shows he had attained an increase of 160% commission growth in one year, because his client list has been growing. When that is the case, the likelihood is he will be getting more clients for the following year or at least he can retain a good portion of the existing client base, as long as he is in business. This will create three possible future scenarios where he might lose more or less than 10% of his commission if things start to go bad; he could earn the same amount of commission if the client list does not grow, or he could repeat the previous feat of 160% growth rate or even better. If he accepts the offer at the investment company that pays him $40000 before tax and other deductions, by simply deducting the applicable expenses assuming that they will remain the same, at least for the first year considering that there is only one more year to go for the deprecation, the outcome will be the following. The $18500 is better than the $16000 he will get if his commission income had decreased by only 10% and as the percentage of loss increases, it will end up making the $40000 a better offer. However, if his commission remained the

HS415 UNIT 3 PROJECT Essay Example | Topics and Well Written Essays - 750 words

HS415 UNIT 3 PROJECT - Essay Example Obesity is a worldwide problem capturing health concern for both developing and developed countries. Obesity is a severe state of overweight, and it is a "global epidemic" according to World health organization figures. More than one billion adults are overweight worldwide, and about 300 million of are clinically obese. Overweight affects more people than hunger and malnutrition. Many researchers have been done to explain the causes of overweight and obesity in human. Although the literature entails a broad variety of such articles, this paper will focus and concentrate to explaining and characterizing the observed patterns of medical care utilization by obese people, the supply and demand economic theory in diagnosis and treatment of obesity and the impact on State funds for Medicaid and Medicare. Obesity is clinically linked to other serious diseases including diabetes type 2, hypertension, coronary artery disease, stroke, arthritis, liver and gallbladder disease, respiratory disor ders, such as asthma, and certain kinds of cancers (Finkelstein, & Fiebelkorn, 2003). The standard model for health demand and medical care demand is the Grossmans model. In this model, wage-earning persons maximize inter-temporal function of health and commodities. The demand for medical care is obtained from the demand for health. Moreover, the medical care demand depends on age, wage, education, costs of medical goods, and unhealthy habits such as obesity and smoking (Finkelstein, Fiebelkorn, & Wang, 2004). An outstanding implication emanating from Grossman’s model is the fact that unhealthy behaviors, for instance obese or overweight increases medical care demands. It is evident that obesity has a link to diseases such as arthritis, asthma, diabetes type 2 and certain types of cancer. These illnesses require both frequent medical care and frequent hospitalization. However, not all overweight and obese people have health complications. The health

Writing Workshop Paper Essay Example | Topics and Well Written Essays - 500 words

Writing Workshop Paper - Essay Example In this method, students are exposed to different forms of writings and genre, in order to evaluate their proficiency and give appropriate recommendations. In addition, writing workshops allows teachers to meet the needs of individual student according to their weaknesses and strength. This paper presents a proposal on how to incorporate a writing workshop in the classroom. The writing workshop must have a predictable structure, regular time and a workman-like atmosphere for writing. This implies that activities of a writer’s workshop should have a definite time schedule that is accompanied by a realistic list of expectations and outcomes (Trachsel, 2005). The schedule is analogous to a classroom or a lesson timetable. My writer’s workshop will have a program that is spread across five days and according to available tasks. The basic steps of the writer’s workshop (WW) will be: 5 days a week 60 minutes per day Mini-lesson Writing time Author’s chair To ach ieve the objectives, the classroom will require having a special setup that facilitates the writing exercise. Firstly, we will need to label one of the corners of the classroom as the writing workshop. Students will then be required to arrange their chair and desk in a row formant in order to facilitate the exercise. Secondly, the WW will require books, which the student will use for the exercise.

Men & Women Age Differently Essay Example for Free

Men Women Age Differently Essay †¢ The average life expectancy is currently 78 years old, but was at 49 years at the turn of the century. †¢ There is a widening age gap between men and women, such that among women who are 65-69, there are 81 guys for every 100 girls in the population. †¢ NY Times stated that the prospects for men are brighter than women. †¢ Men that survive beyond the age of 85 are more likely than women to be in better health and to have more remaining independent life years. †¢ More men than women over the age of 85 are married than women, and women are more prone to disabling effects of chronic condition while men are prone to fatal and chronic conditions. †¢ 23% of women age 85 or older are at poverty level, while men are at 16%. †¢ The nation’s oldest and fastest growing population today is dominated by a disproportionately large number of unmarried women who are likely to be poor and impaired. †¢ Women value friendship more than men, thus when a man is widowed- it is likely that he is alone while his friends are still married. †¢ Men’s income after the age of 85+ seems to be substantially less than the income of women the age 85+. †¢ Men and women approach things differently, where women are more likely to ask for help and men are less likely to ask for help. †¢ So, there is a sample study that was done and the men in this sample study were more likely to be married, and less likely to be physically impaired – in contrast to the women who are more dependent for personal assisted living and closer with their children, where men are not! †¢ 3 Competencies required to adapt to community living such as exercising control over the physical environment, maintaining social integration, and sustaining a sense of well being and motivations.

China’s One Child Policy is said to have created a generation of ‘Little Emperors’. Assess the consequences of most families having only one or two children Essay Example for Free

China’s One Child Policy is said to have created a generation of ‘Little Emperors’. Assess the consequences of most families having only one or two children Essay Chinas one-child family policy has had a great effect on the lives of nearly a quarter of the worlds population for a quarter of a century, after it was introduced in 1979. One of the effects is often referred to as â€Å"Little Emperor’s Syndrome†, which is when the only child received excessive amounts of attention from relatives causing a â€Å"spoilt brat† generation to occur. This puts both social and economic pressures on the families and children. By only having one child per family it allows the family to solely use its resources on that child; thus allowing the child to often fulfill their potential, as English lessons, music lessons and an additional range of extracurricular activities are normal. Although this has positive outcomes such as a rise in the number of Chinese children going to university, it has still mainly had the negative effect of the â€Å"Little Emperors† having large expectations of everyone else, with the government now being worried about a slump in the economy, being one of the many reasons why China may drop the one child policy. One of the main issues with the one child policy is that 336 million abortions in the time of the policy have taken place, which has caused a few moral issues throughout the world, with many people questioning the policy. Although many people in China have said that it has been a positive as a way to maintain the resources in the country and stop a large increase in the population. The number of abortions is paired with the issue of gendercide in China being at an all time high, people want a â€Å"Little Emperor† and not â€Å"Little Empress† due to traditional preference, this again presents a moral issue with the policy and may lead to future problems. Over 20 million girls are aborted each year and with over 50 million Chinese girls currently missing, there is a problem brewing in that there will be a shortage of women in comparison to men which may see the population and economy of China drop. The one child policy is also a costly program for the Chinese Government with over 400,000 people currently working for the policy and annually costs $708.8 million. This is not helped by the fact that the one child policy is creating a generation of youngsters that is not as good a working force compared to the current one; this is due to the fact that the â€Å"Little Emperors† are spoiled and do not expect to work for themselves (especially in urban areas, where there are wealthier families). It is thought that with the population (Fig 1) stagnating the economy may stagnate also, due to a smaller working force and one that is less willing to work, an example of the â€Å"Little Emperor’s Syndrome† is that there has been a doubling in the number of platinum jewelry sales in China, an expensive gift usually given to children. Although the parental expectations are high, only 2% of Chinese children are able to go to university, which many Chinese scholars suggest may be a sign of the future of the stagnation of the Chinese economy. This all shows that the one child policy may not be aiding the economy that has currently been one of the fastest growing in the world, causing a few people in China to question it. The policy has also affected the children themselves, as surveys have suggested that children born during the one child policy are significantly less trusting, less trustworthy, more risk-averse, less competitive, more pessimistic, and less conscientious individuals. All these characteristics are due to the fact that many of these children are born as an only child, and they now have present implications for the nation. These consequences include the number of criminal incidents to increase by 7.2% in the past 3 years and over $17 billion being spent on illegal drugs; this is because many young people create groups or gangs as close relationships in the place of ones with their siblings; but also due to the fact that a surplus of men has caused an increase in violence due to the increase in young males not marrying and becoming restless. This is not going to be beneficial for the country as it is causing youngsters to be misled into crime and will also be expensive for the government to try and expel from the country. It is also a thought that in the future there will be fewer people of a working age to support a growing number of elderly dependents, meaning that China has an ageing population. (Fig 2) Unfortunately, ageing populations have significant social and economic effects on countries, and with China’s fertility rate being predicted to be as low as 1.5 [a 2.1 fertility rate is needed in China in order for sustainability] the long term effects of the One-Child policy are likely to have detrimental effects for the future; including a stagnating economy. This is made worse by the fact that there are 60 million more men than women in China, which, is only going to lead to more social problems, such as a decrease in population in the future. (Fig 1)Which is shown by a recent census, Chinas population grew 5.8% since 2000, from 1.27 billion to 1.34 billion — a significant difference from the previous census, which indicated a rate of 11.7%. (Fig 1) Finally, a positive effect of the one child policy is that it has severely reduced the population of the China by roughly 400 million. This has created an abundance of resources for China, which was under some pre ssure for necessities such as drinking water. However, China has dealt with that through projects such as the Three Gorges Dam, but also through the one child policy allowing for the surplus resources to exist due to the decline in population growth. The lack of 400 million people has also helped reduce global warming, because, by stopping these births China has averted over 1.3 billion tons of carbon dioxide being released into the atmosphere. Overall, it is clear that there are many negative consequences that have occurred or that will occur due to the one child policy, which is why it is thought that by 2020 the one child policy will no longer exist and that it will become the two child policy. The problems are economic and social problems that revolve around the idea of an ageing population that will need financial support from a spoiled generation; yet, the only environmental factors are positive- with global warming being reduced and the resources in China lasting longer and there being surplus. However, it is obvious that the â€Å"Little Emperors† are going to have to support China in their time of need, which is due to the one child policy, and it is whether they can do it or whether they have been spoiled to the extent that they are unable to run one of the biggest economies in the world. Lastly, the one child policy has probably been good for China itself, but the way that other nations now perceive China after the â€Å"brutal† one child policy, may cause them future problems.

Interpersonal Skills Needed by Business Managers

Interpersonal Skills Needed by Business Managers In modern corporations, business managers desire to develop positive and effective interaction with their employees. In order to build up successful relationship with subordinates, managers need to improve their interpersonal skills. This paper sets out to analyse three different interpersonal skills needed by business managers: understanding others, developing and maintaining rapport, listening and presenting feedback to others. And it seems that listening and presenting feedback is the most significant one. Introduction In recent years, there has been a great deal of discussion about interpersonal skills of business managers. For business managers, they always work with people who have different backgrounds, and whether they can maintain successful interaction with their employees, to a certain degree, depends on their effective interpersonal skills. In modern society, it is significant difficult for business managers who cannot relate with others to achieve succeed. (Fandt 1994) In modern corporations, positive relationships are of great importance in earning high degrees of job satisfaction. If employees have a good feeling about their jobs, they will be more likely to do their job well; in addition, they are able to accomplish their tasks in high-quality environment. The research of service-profit chain(Heskett et al. 1994; Heskett, Sasser, and Schlesinger 1997 cited in Tews Tracey 2009, p.245) which analyses how companies achieve and maintain outstanding performance mentions that internal servi ce quality, such as the way people work with each other, moves employees to feel more satisfied about their working environment. (Tews Tracey 2009) On the contrary, if a business manager lacks interpersonal skills, they will limit the performance of employees. For example, employees who are likely to be passive, lack creativity, and depend too much on others ideas and instructions results in working with the managers who lacks interpersonal skills. (Fandt 1994) Therefore, it is one of the most basic priorities for business managers to improve their ability of interpersonal skills. The interpersonal skills needed by business managers can be seen as the capacity to be a facilitator-to foster a collective effect; get along with peers, subordinates, and superiors; and manage interactions with other. (Fandt 1994) This paper will analyse the following interpersonal skills: (1) understanding others, (2) developing and maintaining rapport, (3) listening and presenting feedback to others. Moreover, it will be argued that listening and presenting feedback to others is the most significant interpersonal skill among the three skills needed by business managers. Understanding others Some social psychologists have recognised that making efforts to understand the inner world of others is an extremely common feature of human interaction. This is because interpreting how to open up a conversation with others, how to respond to what others say are built up on the level of understanding of others. (Guirdham 1996) For business managers, understanding others is also of great significance. The survey (Heller Porter 1996 cited in Guirdham 1996, p. 147) of 150 US and UK executives found that the ability to understand people was ranged as the top of a list of 16 skills of management. This is because other skills such as communication, persuading, and team work are based on a basic priority of understanding what others do and say. (Guirdham 1996) In addition, business managers need to interpret others also because people are differing from each other and the managers should not treat everybody alike. Fiedler (1964) as cited in Guirdham (1996) suggests that a leader who can distinguish among their followers is more likely to be succeed than those who cannot. Taking the captains of basketball teams as an example, Fielder (1964) as cited in Guirdham (1996) found that the leader of the losing team seemed to find the differences among his players from a macro perspective, however, the captain of winning team knew who dribbled well, who shot well, who played well under pressure, and so on. Willard E. and Robert W. (1951) also mentioned that the more you are able to recognize the differences among your men, the better you will be able to understand and help them. For instance, there was a business manager who interpreted his subordinates by making notes in index cards. He picked up some information such as the birthday, education of his employees, names of the subordinates wife and children, the employees hobbies, ages, and even interests. By doing that, the manager could remember some individual characteristics of his employees which would play a key role in talking with each other much easier and distinguishing the employees better. In a word, successful business managers tend to have the capacity to perceive differences among their employees. (Guirdham 1996) Furthermore, no business manager can function without comprehending and understanding individuals who work with him. The performances of a leader will be affected by what he knows of his followers. A manager may always study the behaviours of his subordinates in order to avoid lacking confidence or discord. (Parker Kleemeier 1951) Finally, understanding the subordinates will help the business managers match their employees properly with the right work. If a person who lacks sufficient abilities probably will fail in finishing his job. And as a result, he will be more likely to become frustrated and disappointed. On the other hand, employees who are over-qualified tend to become bored with their simple work. Thus, it is essential for the managers to understanding their employees better in order to match them with the right work. (Parker Kleemeier 1951) Developing and maintaining rapport Rapport can be seen as the quality of the relationship in describing the interactions between psychotherapists and their clients (Gfeller, Lynn, and Pribble 1987 cited in Gremler Gwinner 2000, p.83), as the quality of [a] relationship characterized by satisfactory communication and mutual understanding in investigating college roommate relationships (Carey et al. 1988 cited in Gremler Gwinner 2000, p.83) and as a quality in the relation or connection between interactants , especially relations marked by harmony, conformity , accord, and affinity (Bernieri et al. 1996 cited in Gremler Gwinner 2000, p.83). In terms of the relationship between business managers and their subordinates, rapport means the enjoyable interactions which will be established when the business managers tend to open to others with a friendly manner, display the interests in their employees, use the sense of humour to reduce tensions, demonstrate that the managers have the sensitivity of the needs and feelings of their subordinates. (Fandt 1994) For business managers, developing and keeping rapport with their employees will help them build up confidence to deal with problems in an appropriate way, encourage them to share their helpful ideas with the employees, promote the cooperation between leaders and followers, and bring themselves and their subordinates into harmony by reducing the possibility of the grievances and disruptive conflicts (Filley 1975). Grievances and disruptive conflicts (Filley 1975) seem to be the two main aspects which are result in failing in maintaining rapport in working environment. Firstly, a grievance can be described as the resentments of a person which is possible to contribute to adverse effects on subordinates attitude toward their job, their manager even the whole company. The quality of work will be suffered severely and the morale of the employees will be lowered when employees have a grievance. In addition, the relationship between managers and their employees is also likely to be tensional because of the existence of grievance. Secondly, according to Filley (1975), conflict is divided into two different kinds: competitive conflicts and disruptive conflicts, and to a certain extent, disruptive conflicts are likely to cause damage to keeping rapport. It will bring tension between business managers and their followers. Moreover, it seems to create negative feelings between leaders and subordinates which will contribute to a complaining atmosphere in work. (Quinn, Faerman, Thompson and McGrath 1996) According to the above-mentioned, it is clear that for business managers, developing and keeping rapport is of huge significance in order to create enjoyable interactions between leaders and their subordinates and avoid grievances and disruptive conflicts(Filley 1975). Listening and presenting feedback to others The meaning of listening is not the same as hearing. Listening is an intellectual and emotional process in which you use all resources at hand to understand the meaning of a message. (Fandt 1994) Thus, to a certain extent, listening is a reflective activity. An effective listener should not only hear something form others, but also include keeping appropriate eye contact, observing the hidden stories, exploring the words that have been spoken, and understanding the body language of the speaker. (Fandt 1994) For business managers, in order to be a good listener, they should attempt to use empathy (Quinn, Faerman, Thompson and McGrath 1996) which means feeling others inner world and experiencing others thoughts instead of directly controlling others thoughts. For example, when the statement of a subordinate is not accurate, the manager should not interrupt him and keep listen to him to the end. And after that, the manager can ask some open-ended questions like How did you feel when that happened. This kind of listening behaviour may help managers understand the inner thoughts and feelings of the subordinate. In addition, it will also be beneficial to save time because of the less of interruption and repetition. However, if a manager experiences a subordinates inner world excessively, the subordinate may feel uncomfortable, and as a result, the manager cannot understand the speaker deeply. (Quinn, Faerman, Thompson and McGrath 1996) It is also of great importance that while listening to the subordinates, the business managers should present some feedback to them. Fandt (1994) mentions that appropriate feedback given by managers will help the subordinates promote, correct, and obtain a greater achievement. For instance, some business managers present feedback as I think you handled the customer complaints very professionally and I appreciate your error-free report (Fandt 1994). This kind of feedback shows subordinates that the managers understand what they are doing, recognize and appreciate their performances, as a result, the subordinates tend to continue to perform well. (Fandt 1994) In most cases, business managers attempt to give critical feedback to their employees. In another word, managers not only present some negative feedback but also give some negative feedback. However, according to Fandt (1994), it is more considerable to give positive feedback than negative feedback. That is because most employees feel difficult to hear and accept negative feedback. For example, punishment, blame, and wrongly criticism seem to be the most common kinds of negative feedback which will decrease the inspiration of employees because of the feeling of tension. Furthermore, punishment, blame, and wrongly criticism also tend to reduce the capacity of doing jobs of employees because they are likely to be defeated by them. On the other hand, giving some positive feedback such as praise can inspire employees to a greater achievement. Parker and Kleemeier (1951) states all men will work hard to gain admiration and praise from others. It is for the reason that praise is one of the strongest motivating forces at the supervisors command. If an employee gets positive feedback such as praise from the manager, he will desire to accomplish his work better and show great cooperation. (Parker and Kleemeier 1951) Moreover, although some employees may make some mistakes during their work, the manager also should point out what they have done is right, and as a result, employees will be more likely to have more confidence to correct their performances. Discussion Comparing to the three interpersonal skills needed by business managers, listening and presenting feedback seems to be the most significant one. That is because understanding others and keeping rapport in working atmosphere are based on listening and giving feedback to others. Firstly, managers tend to show their understanding of the subordinates through listening and presenting some feedback. As Parker and Kleemeier (1951) point out nearly all supervisors who really understand their men eventually learn to be good listeners. Successful managers attempt to study the attitudes of their employees, to observe what the employees really are thinking about through listening to them. After listening to them, managers can present some feedback to show the employees that the managers can understand what they are thinking about and what they really want. Secondly, listening and showing feedback to others will also help business managers to select the right man to do appropriate work. If a manager desire to select employees the most common way to do that is interviewing. During the interviewing, the managers may always ask some open-ended questions and then they keep the interviewees talking about it. The only job of the interviewers is listening and giving feedback at the end of the interview. This kind of activity will be more likely to help managers make the accurate choice and understand the interviewees better. Finally, the possibility of grievances and disruptive conflicts (Filley 1975) seems to be reduced by listening and presenting feedback. For instance, some employees may complain that they are treated unfairly. For an experienced manager, the best way to deal with this kind of problem is to listen to their complaints to find some hidden problems of the employees even the company. In addition, they present some feedback to show that they have understood the problem and will take actions to cope with it. As a result, the managers can develop and maintain rapport in the working environment. (Parker Kleemeier 1951) Conclusion In conclusion, a perfect business manager should maintain successful interaction with their employees. Furthermore, to become a successful manager, people should be skilled in outstanding interpersonal behaviours which will not only develop the level of self-awareness but also promote the level of prestige. This essay has analysed three different interpersonal skills needed by business managers including understanding others, developing and maintaining rapport, and listening and presenting feedback to others. For business managers, firstly, understanding their employees can promote the capacity of distinguish people from different backgrounds, help them interpret what their employees feelings and match their employees appropriately with the right job. Secondly, it is also beneficial to develop and keep rapport. Most of people would like to work in a positive place where there are less grievances and disruptive conflicts (Filley 1975). If a manager can keep rapport in a company, he will be more likely to build up cooperation relationship with his subordinates and become more successful. Finally, listening and presenting feedback to employees can make the employees feel that their managers concern about them, and understand them. So that managers may earn the respect of their employees which will develop the efficiency of their work. In addition, listening and presenting feedback might be the most significant ability among the three interpersonal skills needed by business managers. Because it seems as the foundation of other interpersonal skills and business managers should concentrate on develop the capacity of listening and presenting feedback to their subordinates firstly.

The Importance of Education :: Importance of Education Essay

Education plays a vital role in shaping tomorrows’ leaders. Not only can we become a better nation by acquiring the skills necessary to be productive members of a civilized society. Increase knowledge to actively achieve and meet challenges that can produce changes in which are productive for attaining business innovations, political and economic objectives. Our world is constantly changing and it requires a society that is well versed in understanding the problems deriving from culture differences and tolerance of one another’s beliefs and perceptions. We are dealing with systemic problems in education, economic, government, religion and culture differences. To quote a phrase from Gottfried Wilhelm Leibnitz, "Make me the master of education, and I will undertake to change the world." If we are to change the world simply because we have and continue to acquire the education necessary to increase knowledge; we must never forget education along without the practice of inducing what is learned is not enough to produce attainable results favorable to sustain a society in the 21st century. We must become the voice of the people by getting involved to make a difference in the world by putting into motion what we have learned. When I was growing up, I remember attending elementary school, learning a new language seems to be difficult at first, but I was able to learn the English language because of the dedication of one of my teachers. Now, as I reflect on this experience, it is obvious that she was dedicated and enjoyed teaching her students to be successful. I know today that she made a difference in my life as I navigated through my education experience and high school years to present. I also experience the lack of concern of other teachers, not taking the time and dedication to teach their students to excel. In part, I strongly believe it had to with the culture differences that existed within the schools that I attended and the neighborhood I grew up. At times, I felt being part of a minority group created an environment, which I perceived teachers not to care about my education needs or whether I could succeed in life. Today, we have made strides in improving our education system in our schools. Yet, we are facing similar problems and perhaps even worse when teachers are rushing their students through their curriculum without taking the time to encourage and support them to excel in their classes.