Monday, August 24, 2020

These 5 Microsoft Word tweaks that will make your resume shine

These 5 Microsoft Word changes that will make your resume sparkle A decent resume is your foot in the entryway at the best organizations. Regardless of whether you have a strong foundation loaded up with applicable occupations that make you a perfect competitor, you despite everything need your resume’s designing to sing. Your main objective is to make it simpler and quicker for enrollment specialists to peruse (and go gaga for) your resume. Keep in mind, you likely have just a snappy look of a couple of moments to establish a first connection anything messy, strange, or diverting may send you directly into the reject heap before a selection representative has even perused single word. Peruse on for the essential agenda you should use to ensure everything is perfect and expert in MS Word before you append and send away.1. Show/Hide organizing and fix sloppiness.Utilize the Show/Hide highlight to check whether everything is spread out conveniently by tapping the catch that resembles a retrogressive â€Å"P† on your Home toolbar or clic king Ctrl+8 or command+8. Presently, you can see all the sections you’ve utilized spacebar versus tabs. Utilizing the now-noticeable imprints, normalize all spaces and erase any that don’t have a place. This is your opportunity to tidy up all the chaotic bits of DIY arranging you did that probably won't interpret well across computers.At this point, adjust the entirety of your substance consistently. Utilize the tab stop menu in the upper left corner of your archive, just to one side of the ruler. Snap until you see the tab stop you need, at that point click the ruler where you need that stop to be. Use shots for steady (and simpler to modify) dividing when you’re posting encounters or abilities, and utilize the Line and Paragraph Spacing instrument to deal with the size of spaces in the middle of areas, sentences, slugs, and paragraphs.2. Supplement a header and footer.Use the header and footer highlight to utilize all the valuable space you have. You donâ€⠄¢t have a great deal of room to work with on one page, so you need to utilize the body of your resume to list aptitudes, work history, and training. Don’t squander this space with contact data put that at the top and base. Simply utilize the â€Å"Insert† tab drop menu to locate the sort of header/footer designing you need, at that point go nuts.3. Go intense and use bullets.Bold work titles to make them pop. At that point, use bolded headers to depict your areas, and under them, use shots to list your abilities and applicable bits of detail. Arranging your resume like this makes it simple to follow, clean, and sorted out. Keep your shot style flawless and basic by and large, a resume isn't the ideal opportunity for creativity.4. Prioritize.Put your best and most applicable experience and aptitudes at the top, moving all the rest (particularly if it’s fundamentally filler) to bring down areas. The recruiter’s eye peruses the best not many lines first (an d now and then stops there!). Ensure your best stuff is generally simple to find.5. Convert to PDF.To guarantee security and to ensure your excellent arranging work doesn’t get scattered up on someone’s not-refreshed machine, try to click â€Å"Save as† and afterward convert your last resume into a PDF. A snappy twofold check will demonstrate this new uneditable archive is prepared to be consistently perused by any enrollment specialists similarly as you needed them to see it.

Saturday, August 22, 2020

Sloboat Case Study Free Essays

Sloboat Case Study March 7, 2013 Capstone Seminar Sean McNamara, Matthew Sylvia, Michael Regghetio Analysis of Sloboat Case Study For this situation we assume the job of Rick Craner, the budgetary bookkeeper for Sloboat Shipping Inc. Rick is confronted with accumulating, sorting out, and assessing the company’s budgetary action for the 2012 financial year. We are given a few notes on Sloboat budgetary exchanges, and we are entrusted with figuring out these exchanges to give a reasonable assessment and introduction of Sloboat’s money related standings toward the finish of the 2012 monetary year. We will compose a custom paper test on Sloboat Case Study or on the other hand any comparative subject just for you Request Now It is critical to take a gander at all of the exchanges portrayed for the situation concentrate before pushing ahead. The contextual analysis separated these exchanges into â€Å"financing† and â€Å"investing†. Coming up next are exchanges that happened under â€Å"financing†: * 7% securities payable gave on November 1, 2010 * Bonds pay premium semi-every year on May first and November first * Market loan fee on the date of issuance had been 8% * SSI chosen to resign half of the 7% securities on August 1, 2011 * Additional 30,000 basic offers gave on June 14, 2011 * Common profit of $0. 5 for each normal offer on December 1, 2011 with date of record of December fifth and dispersion on December twentieth coming up next are exchanges that happened under â€Å"investing†: * SSI possessed 250, 7. 5% obligations of â€Å"OnCap Financial†, bought in late monetary 2011, bonds paid enthusiasm on March first and September first and set to develop on March 1 , 2014. On January 31, 2012, the market diminished to 5% and SSI sold all the exceptional securities. * SSI possessed 20,000 offers in Lowland Resources. On October 2, 2011 SSI got a 5% stock profit. Each offer was exchanging at $22. 62. On December 15, 2011 SSI chose to sell 60% of its property (12,000 stocks). SSI paid a $400 financier charge. On February 29, 2012, the rest of the offers were exchanging at Statement of Financial Position| As at February 28, 2011| | ASSETS| | Current Assets:| | Cash| $| 12,736 | Bond Investing Recievable| | 9,375 | Trading Investment-Stocks| | 468,600 | Trading Investments-Bonds| | 260,156 | Inventory| | 47,987 |  | | 798,854 | Property, Plant, and Equipment| | 742,108 |  | | 742,108 | Total Assets| | 1,540,962 | Liablities Shareholder’s Equity| | Liabilities| | Current liabilities:| | Bond intrigue payable| $| 23,333 | Dividends payable| | 11,250 |  | | 34,583 | Long-term liabilities:| | 7% Bonds Payable(1,000 bonds; mautres 11/1/15)| | 961,694 |  | | 961,694 | Total Liabilities| | 996,277 | Shareholders’ equity| | $2. 25 cumlative, non-convertible favored stock| | 37,500 | 150,000 approved; 5,000 outstanding| | Common stock| | 253,000 | 500,000 approved; 20,000 outstanding| | Stock profit to be distributed| | 15,430 | Retained earnings| | 238,755 |  | Total Shareholders’ equity| | 544,685 | Absolute liabilities and Shareholders’ value | $1,540,962 | Cash Reciepts and Disbursements| For Fiscal 2012| | Cash Reciepts| | Common Shares| $| 610,500 | Bond Investment| | 18,750 | Trading contributing †Bonds| | 272,331 | Trading contributing †Stocks| | 268,610 | Total| | $| 1,170,191 | Cash Disbursements| | 7% Bonds Payable| $| 528,517 | Bond interest| | 52,500 | Dividends| | 30,150 | Total| | $| 611,167 | * $19. 45 (8,000 stocks). Proclamation of Financial Position| As at February 28, 2012| | ASSETS| | Current Assets:| | Cash| $| (468,111)| | Bond Investing Recievable| | 9,375 | Trading Investment-Stocks| | 468,600 | Trading Investments-Bonds| | 310,644 | Inventory| | 47,987 |  | | 368,495 | Property, Plant, and Equipment| | 742,108 |  | | 742,108 | Total Assets| | 1,110,603 | Liablities Shareholder’s Equity| | Liabilities| | Current liabilities:| | Bond premium payable| $| 73,821 | Dividends payable| | 11,250 |  | | 85,071 | Long-term liabilities:| | 7% Bonds Payable(1,000 bonds; mautres 11/1/15)| | 480,847 |  | | 480,847 | Absolute Liabilities| | 565,918 | Shareholders’ equity| | $2. 25 cumlative, non-convertible favored stock| | 37,500 | 150,000 approved; 5,000 outstanding| | Common stock| | 253,000 | 500,000 approved; 20,000 outstanding| | Stock profit to be distributed| | 15,430 | Retained earnings| | 238,755 |  | Total Shareholders’ equity| | 544,685 | Total liabilities and Shareholders’ value | $1,110,603 | Cash Reciepts and Disbursements| For Fiscal 2013| | Cash Reciepts| | Common Shares| $| 610,500 | Bond Investment| | 18,750 | Trading contributing †Bonds| | 272,331 | Trading contributing †Stocks| | 268,610 | Total| | $| 1,170,191 | Cash Disbursements| | 7% Bonds Payable| $| 528,517 | Bond interest| | 52,500 | Dividends| | 30,150 | Total| | $| 611,167 | Bond Interest Payable $33659. 29 Bonds Payable $480847 Bond Interest Payable $16829. 50 Bond Interest Payable $33659. 29 Bonds Payable $480847 Bond Interest Payable $16829. 50 Trading Investments bonds $33659. 29 Cash $480847 Trading Investment Bond $16829. 50 Trading Investments bonds $33659. 29 Cash $480847 Trading Investment Bond $16829. 50 Debit Credit Step by step instructions to refer to Sloboat Case Study, Free Case study tests

Sunday, July 19, 2020

5 Steps You Can Take to Prevent Identity Theft

5 Steps You Can Take to Prevent Identity Theft 5 Steps You Can Take to Prevent Identity Theft 5 Steps You Can Take to Prevent Identity TheftHaving your identity stolen sucks. Here are some steps you can take to make sure your personal info doesnt end up all over the Dark Web.We recently told you what to do when you’re the target of identity theft. But you know what’s really nice? Not being the victim of identity theft in the first place!Thankfully, there are steps you can take to protect yourself and your sensitive personal info. Some of the experts from the previous piece have returned with great bits of advice on how identity theft can be prevented in the first place.1. Step up your password game.In our blog about being the target of identity theft, Drew Kellerman, founder of  Phase 2 Wealth Advisors in Gig Harbor, Washington offered advice about why you must change your passwords. Unsurprisingly, having a strong password is also a good way to prevent future identity theft.“It’s a risk to not change your passwords regularly AND to use the same passwords for all acco unts,” warned Justin Lavelle, Chief Communications Officer for  BeenVerified.com (@BeenVerified). “Stay away from family names, pet names, birth dates, street names from addresses at which you have lived, etc. Most of this information can be easily found by googling, checking public records or on social media.Include symbols, upper and lower case letters throughout the password (not just the first letter), and numbers. Nonsensical combinations are the safest, but if you must go with something that will be easier to remember, use password phrases instead of words.If you know a foreign language, combine words from another language with English to complete your phrase. And make sure you change your passwords frequently and make them at least 8 characters long and a variety of letters, numbers, symbols and upper and lower case.“Once you set yourself up with a password manager, you’ll never want to look back. Gone will be the days of trying to remember passwords or come up with s trong ones. A password manager creates unbreakable passwords and safely encrypts them. You only need to remember one password to access all of your passwords.“It’s never a good idea to use the same password for various accounts and websites. However, there are a few tricks you can use to create similar passwords with variations that make them difficult to figure out but make full sense to you.For example, if you want to sign up to Facebook you could add ‘FB’ or Instagram as ‘IG’ to the start or end of the password. You could also try a variation of the website’s name by mixing upper and lower cases, symbols, and numbers until you have a password that you like.”2. Get yourself another factor.When it comes to protecting your online accounts, one-factor authentication isnt cool. You know whats cool? Two-factor authentication.“Many companies, especially banks and other financial institutions, now have Two-Factor Authentication (2FA) when you log in,” Kellerman explai ned. “This adds a second layer of security and ‘authentication’ above and beyond just your username and password.“While some sites make 2FA mandatory, others offer it as an option. We highly recommend ‘turning on’ two-step verification with every website that offers it. This includes your online email account access. It takes just a few minutes and significantly strengthens your protection against hackers.”3. Stop delaying that browser update.We get it. It’s annoying having those “update” messages come up and having to restart your browser or computer seems is just too much of a hassle. But it’s important.“Surfing the web without an updated browser is like swimming with sharks,” cautioned Lavelle. “It’s not really a matter of if, but when, a cybercriminal will spot youâ€"floundering on the Internet without a cageâ€"and attack.Web browsers often have security updates which require a browser update to take effect. To make sure you’re using the latest ve rsion, visit the homepage of the browser you’re using. It will let you know directly when you arrive to the page.”4. Keep the cell to yourself.We know you’re popular. Everyone wants your digits! But maybe don’t give out those digits all willy-nilly.“Your cell phone number is linked to nearly everything about you,” Lavelle told us. “Giving it out so easily is like inviting a criminal into your home. You should treat your phone number like it’s your social security number. The path to personal information is the same.“You can do so much to protect your device from hackers. But if the actual physical device gets into the hands of a criminal, it will be a lot easier for them to extract or corrupt information. So, don’t leave your phone or laptop unattended in public places.”5. Beware public Wi-fi.Wi-Fi is such a magical development. But, much like magic in nearly any fiction, it can be used for good or evil.“Be cautious with public Wi-Fi,” advised Lavelle. “N ever do any online shopping, banking or other sensitive online activities on a public Wi-Fi network. Although coffee shops, grocery stores, and other public places may have convenient internet connections, they’re often not secure which could allow someone else to easily access your information.”So while identity theft is a pain, you can definitely lower your odds of having to face it. With this advice and the advice from the previous identity theft blog, you’ll be much better prepared to avoid these online jackals.To learn more about protecting yourself from fraudsters, check out these related posts and articles from OppLoans:Never Trust and Always Verify: How to Avoid Getting Scammed Over Email10 Common Scams: How They Work and How to Avoid ThemDating App Dangers: 7 Tips to Avoid Getting Scammed by a Fake RomanceSo Your Package Got Stolen … Now What?Do you have a question about scams and identity theft youd like us to answer?  Let us know! You can find us  on  Facebook  an d  Twitter.  |  InstagramContributorsDrew Kellerman is the founder of  Phase 2 Wealth Advisors in Gig Harbor, Washington.Justin Lavelle  is a Scams Prevention Expert and the Chief Communications Officer of  BeenVerified.com (@BeenVerified). BeenVerified is a leading source of online background checks and contact information. It helps people discover, understand and use public data in their everyday lives and can provide peace of mind by offering a fast, easy and affordable way to do background checks on potential dates. BeenVerified allows individuals to find more information about people, phone numbers, email addresses,  and property records.

Thursday, May 21, 2020

Critical Account of Mill’s Liberty Principle Essay

There are essentially two polar views in relation to the liberty of people within society. Anarchist fundamentally believe that the state should have no power to impose limits on its people, whilst those in favour of total government control, believe that liberty should be disregarded and the state allowed to implement any law or policy that it so chooses. In his work ‘On Liberty (1859), John Stuart Mill outlines an alternative, which is a mix of these polar policies. He produced a formula which allows freedom of the individual with some limitations, which is now known as the ‘Liberty Principle. He disregards tyranny as a suitable form of government, but reasons that total freedom would allow abuses to occur. However, Mill’s work was†¦show more content†¦However, this can only exist under the conditions of free speech and expression, limited only by the potential harm that may affect another. If society adheres to these measures then it would effectively b e following the Liberty Principle. (Mill, 1984) Throughout the text, Mill makes it clear that the only time government can intervene in individual lives is to prevent harm that they may cause to others. In chapter 5 he raises some examples that rank as ‘harm.’ He states explicably that using drugs or owing poison should not be banned as long as the individual does not place anyone in harm’s way. The police can limit certain actions that can cause harm, such as forcing violent drunks not to drink. Notably, he claimed that there are acts which performed in private are acceptable, but if those actions where performed in public they may be offensive to others which allows it to fall within the sphere of harm, such as sexually activities. (Mill, 1984) However, this then begs the question, how offensive must an action be to fall within harm’s sphere? He ruled ‘public indecency’ as offensive but it is difficult to see how this causes ‘harm’ based on the his earlier premise that mere offense is not harm. Would persons of different sexually orientations or religions cause harm to others who are against that type of lifestyle? Critics believe that in this instance Mill had allowed his own morals toShow MoreRelatedPhilosophical Approach Of John Stuart Mill1686 Words   |  7 Pagesconception of liberty is? Liberty has the ability to challenge ideas of the past into new ones. Mill expressed his understanding about liberty in several ways in his essay named, On Liberty. In this paper, I will strongly explain the significance of quotation, assumptions mills argument depends upon, limitations in the right of free speech and agreement with Mill’s points of view. Without further ado; let me activate th e critical analysis of Mill’s approach regarding liberty. To commence, Mill’s attemptRead MoreJohn Stuart Mills Case Study On Vaccinations999 Words   |  4 Pagesphilosopher, John Stuart Mill, set out his defence on the presumption in favour of freedom in arguably one of his most famous works, On Liberty (Hoffman Graham 2006, p.38). There, he formulated what he identified as â€Å"a very simple principle† (Hampsher-Monk 2015, p.526): The sole end for which mankind are warranted, individually or collectively, in interfering with the liberty of action of any of their number, is self-protection, that the only purpose for which power can be rightfully exercised over anyRead MoreThe Philosophy of Happiness11705 Words   |  47 Pagesto rule out the possibility of impulsive actions done for fun without any reference to one’s long-term happiness. What he means rather is that if you plan your life—and any sensible person, he thinks, ought to have a plan of life, at 14 Life, Liberty, the Pursuit of Utility least in the form of a set of priorities—your top priority, your overarching goal, will show what you take to be a worthwhile life, and thus what you mean by ‘happiness’. Indeed, in the light of what Aristotle says, we mightRead MorePorn and Censorship15240 Words   |  61 Pagesshould be censored remains very much alive. †¢ 1. What is pornography? †¢ 2. The shape of the traditional pornography debate o 2.1 Conservative arguments for censorship o 2.2. The traditional liberal defence of a right to pornography ï‚ § 2.2.1 The harm principle ï‚ § 2.2.2 Pornography and offence ï‚ § 2.2.3 The dangers of censorship †¢ 3. Recent liberal dissent †¢ 4. Feminist approaches o 4.1 Feminist arguments against pornography o 4.2 Feminist arguments against legal regulation †¢ 5. Recent debate: liberals andRead MoreJurisprudential Theories on IPR13115 Words   |  53 Pagesproperty, in the ideas, of which he is the discoverer or creator; that his right of property, in ideas, is intrinsically the same as, and stands on identically the same grounds with, his right of property in material things; that no distinction, of principle, exists between the two cases.[40] Writer  Ayn Rand  argued in her book  Capitalism: The Unknown Ideal  that the protection of intellectual property is essentially a moral issue. The belief is that the human mind itself is the source of wealth and survivalRead MoreHerbert Spencer Essay13142 Words   |  53 PagesCarnegie. By the 1880s and 1890s Spencer had become a universally recognized philosopher and scientist. His books were published widely, and his ideas commanded a great deal of respect and attention. His Principles of Biology was a standard text at Oxford. At Harvard, William James used his Principles of Psychology as a textbook. Although some of Spencers more extreme formulations of laissez-faire were abandoned fairly rapidly, even in the United States, he will continue to exert an influence as longRead Moreethical decision making16006 Words   |  65 Pagessometimes feels like there are no â€Å"right† answers. What are your reactions to the three ethical dilemmas? What other information would be helpful to know about these situations to make a decision? CHAPTER FOCUS Virtue or Character Ethics Principle-Based Ethics: Developing Moral Rules Utilitarian Theories: Doing the Most Good for the Most People Deontological Theories: Balancing Rights and Obligations Justice in Health Care Values and Health Policy Ethics of Care Ethical Problems FacedRead MoreEssay about Adam Smith Father of Economics5633 Words   |  23 Pageswriting (Bussing-Burks, 2003). At age fourteen, as was the usual practice, he entered the University of Glasgow on a scholarship and studied moral philosophy under Francis Hutcheson (Bussing-Burks, 2003). Here, Smith developed his passion for liberty, reason, and free speech (Adam Smith, 2008). In 1740, Smith would leave the University of Glasgow after being awarded the Snell exhibition (Buchan, 2006). Upon leaving Glasgow, Smith later attended Balliol College at Oxford, graduating with an extensiveRead MoreApplication of Ethical Theories12285 Words   |  50 Pages(Frederiksen, 2010), and the assessment of managers’ ethical evaluations (Reidenbach Robin, 1990). Most studies aim to identify basic ethical rules that individuals can follow in business or to prescribe frameworks of moral principles to apply in decision making. These moral principles are derived from various traditional ethical theories. The role of ethical theories is less dominant in the field of ethical decision making. Only a few ethical decision-making models rely directly on ethical theories.

Wednesday, May 6, 2020

Where to Build a Wind Farm †Geography Assessment

In my opinion, the best place to build a wind farm in Cumbria is off the shore of Allonby. This is because; it has a lot of advantages which suit it, for being the best place to build a wind farm; as of its location and ingenious ideology behind it. Moreover, it is an offshore wind farm, which means that it will benefit a lot of homes, as at the sea it is extremely windy. Thus, a lot of electricity is generated, providing a lot of electricity than usual. However, some people would say that, because it is near a town, it’ll be very noisy and distracting to tourists and residents, and will even be an ‘eyesore.’ On the contrary, the wind farm will be 3 metres away from the land, so there is the least possibility of noise pollution and†¦show more content†¦However, it has marshland, and a wind farm cannot be built as of its instability and it is close to a city (Carlisle) which means that, it can possibly disturb tourism activity or increase it, and create noise problems. Also, it would obstruct birds, ecosystems and plants. Besides, Anthorn was on the coast and had some roads, so cars can get through for maintenance, however it had some radio masts and it would interfere with radio signals and be an additional ‘eyesore.’ Moreover, Skiddaw could’ve had the winning chance, but some factors limited it. It had high ground and plenty of spaces, as there were essentially no buildings and it would not affect anyone in terms of noise, as it was on a high mountain. However, it is part of the Lake District and the famous town Bassenthwaite is next to it; and it can be very unattractive. However, as it being closer to a town, it can provide jobs. Albeit, it cannot be accessible to any transport, as it will be high on a mountain; but a helicopter can be the solution. However, the problem cannot be sorted out as thorough. Wind energy is an excellent alternative energy source, as it doesn’t harm the environment – it just uses wind to drive the turbines, which spin around to drive the generator to generate electricity. As for crude oil and fossil fuels, they are running out and also harm the environment. However, this clean energy can very easily be generated. UK has a lot of wind energy up in its highlands, so is ideal forShow MoreRelatedGlobal Consumption Of Primary Energy5456 Words   |  22 Pagesleading role in energy transition. Over the past ten years almost all European countries have significantly increased their share of renewable energy sources. Progress has been made especially in the field of wind power. Denmark for instance generates more than 50% of its electricity from wind and biomass (EIA 2014). The share of renewable power generating technologies is expected to continue to increase as the European Union s 2020 Climate and Energy Package has set the target to increase th e shareRead MoreRiver Dynasties in China3135 Words   |  13 Pagescivilizations, the civilization that began along one of China’s river systems continues to thrive today. TAKING NOTES Following Chronological Order On a time line, identify major events in early Chinese dynasties. event 1 event 2 event 3 The Geography of China Natural barriers somewhat isolated ancient China from all other civilizations. To China’s east lay the Yellow Sea, the East China Sea, and the Pacific Ocean. Mountain ranges and deserts dominate about two-thirds of China’s landmass. InRead MoreBp Sustainability Essay28986 Words   |  116 PagesEnvironment Managing our environmental impacts from project start to ï ¬ nish; a local focus on issues, including water management; and how we respond to oil spills 38 Society Working to provide a positive socio-economic impact in the countries where we operate; and ï ¬ ghting corruption 41 Our approach to reporting Tackling sustainability issues in print and online 42 Front cover image Skimmer engaged in clean-up operations in the Gulf of Mexico, US Assurance statement Ernst Young’sRead MoreMineral Resources18511 Words   |  75 Pages This becomes rain, which provides moisture for the lithosphere, on which life depends. The rain also acts on rocks as an agent of erosion and over millions of years has created soil, on which plant life grows. Atmospheric movements in the form of wind, break down rocks into soil. 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The primary inspiration for the book was a friend of Carsons who was concerned about dying birds in her hometown where the authorities had sprayed DDT to control mosquitoes. At about the same time, a disastrous pesticide campaign against the fire ant of the Southeast was receiving national attention. Formerly a science writer for the United States Fish and WildlifeRead MoreInnovators Dna84615 Words   |  339 PagesHarvard Business School and the architect of and the world’s foremost authority on disruptive innovation. â€Å"Businesses worldwide have been guided and in uenced by e Innovator’s Dilemma and e Innovator’s Solution. Now e Innovator’s DNA shows where it all starts. is book gives you the fundamental building blocks for becoming more innovative and changing the world. One of the most important books to come out this year, and one that will remain pivotal reading for years to come.† Chairman andRead MorePrimary Sector of Economy17717 Words   |  71 Pagescompetitive against those of poor or underdeveloped countries that maintain free market policies and low or non-existent tariffs to counter them.[5][6][7] Such differences also come about due to more efficient production in developed economies, given farm machinery, better information available to farmers, and often larger scale. [edit] List of countries by agricultural output Main article: List of countries by GDP sector composition Global agricultural output from 1970 to 2008. This time covers theRead MoreFinancial Analysis of General Electric98175 Words   |  393 PagesAt GE, we put our ideas to work. Taking them off the paper, out of the lab and into the world. Engineers, scientists, teachers, leaders and doers, all sharing a belief that things can be made to work better. 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A report on two options for David Mackenzie Co Free Essays

David Mackenzie’s case is that of a typical entrepreneur started and family run business that experiences success and outgrows its existing set-up. Hitherto, Mackenzie thrived on one-off contracts and other local businesses, and his two other companies ran more or less the way it did before he acquired them. All three diverse companies have done financially well, but problems arise when David Mackenzie tries to integrate the operations of these three diverse companies to secure a wider range of orders. We will write a custom essay sample on A report on two options for David Mackenzie Co or any similar topic only for you Order Now The problems relate to the diverse structures and problem of co-ordination among between, hindering the implementation of projects in a smooth and seamless manner. The options mulled by David Mackenzie is first, float a group of companies in the stock exchange, and second merge the three companies into one company. Both these options have their advantages and disadvantages. Advantages and disadvantages of floating the companies in the stock exchange The major advantage of floating the Mackenzie group of companies in the stock exchange, which entails converting the hitherto private limited company into a public limited company (plc), is the ability to raise funds and capital through the sale of securities. The company would be able to sell their shares in the market, and secure large loans easily. Although Mackenzie does not have cash-flow problems at present, it might need infusion of finance as it expands and secures more large overseas orders. Mackenzie could purchase Clyde Electric Ltd only because the company lacked sufficient capital to sustain its growth, and there is every chance that the situation can repeat itself. Mackenzie does not seem to have huge cash reserves to finance possible expansions through internal accruals. Another advantage of listing the company in the stock exchange is infusion of professional corporate governance that Mackenzie group of companies hitherto lacked. Most of Mackenzie’s existing orders were possibly on the basis on personal efforts and one-off relationships, and highly centralized on the David Mackenzie. As the company grows and secures more international and large orders such a structure would not only fail to appeal to large institutional clients, but also fail to sustain the enhanced requirements such as professional decision-making, autonomy, responsibility and the likes. In the present set up all operations would most likely come to a standstill and the company might even fold up in David Mackenzie is not able to involve himself in the active running of the company for a length of time for any reason. A listed company becomes an independent entity and the board of directors would run the company even in the absence of the Managing Director. An added advantage of listing the company in the stock exchange is better visibility for the company, which in turn might lead to more orders. An increase in share prices would also add to the wealth of the shareholders, which would include David Mackenzie. Floating the David Mackenzie group of companies in the stock exchange has its set of disadvantages also. In the present set up, Mackenzie is under no obligation to disclose financial information. A public listed company would have to publish its financial statements on a regular basis, and this can lure in competition to Mackenzie’s lucrative market. The need to disclose financial records and other compliance policies requires certified public accountants, and entails a lot of bureaucratic paperwork. The time, money and effort spend on such activities could be better spend on marketing and operations if the company is not made public. Share values tend to reflect the current financial gains, and most public listed companies thereby tend to take decisions that lead to short-term gains even at the cost of long-term interests. The Mackenzie group of companies may also fall into this trap once it goes public. In the initial stages of floating a public listed company, David Mackenzie is likely to retain a huge majority of shares. As the requirement for cash to fund expansions and large scale operations increases, he might be tempted to sell more of his shares in the open market. This raises the possibility of a hostile takeover, or another party who has purchased a large number of shares from interfering and trying to influence the operations and decision making of the company. The advantages and disadvantages of merging the three companies into a single entity The second option before David Mackenzie is to merge the three companies into one single entity. The main advantage of such a merger is removing duplication in works and efforts. At present, each of the three companies has their own marketing, human resource and finance departments, and the administrative functions and expenses duplicate. A merger could avoid such duplications and not only result in significant savings, but also increase efficiency and better coordination. A single marketing department that takes care of the three units, for instance means that the complaints regarding customers having to contact two or three separate marketing departments for a single project would cease. The marketing department would be able to tap into clients in a more effective manner, without duplicating efforts and providing a wider range of service and commitments. An integrated accounts department would likewise solve the issue of duplicate or missing invoices, and lead to better financial control and analysis of profitability of each project. The merger would likely result in the retrenchment of some redundant staff, but this also gives an opportunity to cut down on low-performers, and redeploy performers in a better manner. Another major advantage of mergers is the ability of these three companies to pool in their resources in the form of client database, office space, infrastructure and the like, all of which would facilitate growth. Mergers however come with their own disadvantages. Although there would be savings on fixed costs, a merged monolith is likely to have a higher per unit operational cost compared to the per unit operating cost of three separate entities. This will not be a cause for concern when times are good and there are plenty of orders, but when economic times go bad and orders diminish, this will have a negative effect and the higher unit cost could make the organization uncompetitive. The merger would also make it difficult to hive off a unit if, in future the unit becomes non-profitable and cuts into the profitability of the entire organization. Three different entities ensure that failure, mismanagement or shortcomings of one unit would not have a significant impact on the other two units. Merger will ensure that activities of one unit would have a significant on the other two units. The administrative act of effecting a merger is relatively easy. The main challenge in the case of the Mackenzie group of companies would relate to integrating the three diverse companies, with three different modes of operations and internal systems. Another challenge is ensuing integration and co-ordinations of the operations of the three diverse units. While a merger would reduce duplication, unless the operational activities re-orient towards the three different sub-units of the new company working towards a common goal, the redundancies and delays in commissioning are likely to persist. How to cite A report on two options for David Mackenzie Co, Papers

Sunday, April 26, 2020

Manage budgets and financial plans free essay sample

Based on the master budget, there have something wrong and unclear. All the numbers are the same, evenly quarter two have more sale than other quarter, at least less 30% than quarter two. We can easy to recognize with a few changes and we can achieve a goal $1. 000. 000 Option 1: Sales on Q1, Q3 and Q4 less 30% than Q2. That’s mean the volume of Q2 going to increase 30% than other and the commission will increase 30% as well Option 2: Decrease Cost of Goods Sold and Expense by 20% due to the current economic climate. By that way we can get more revenue by produce more volume for sale and also we can deal with supplier to get a special price, that cheaper than before. If they not agree with that, we can use another resource to replace that. Also we can use a promotion or gift that make customer happy to pay for our product and they will be back next time. We will write a custom essay sample on Manage budgets and financial plans or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Reduce employment expenses 20%= reduce staff, the net profit will be $1,051,500 Option 3: Decrease Expense and Commissions The commission negotiated with members of the sales team is now at 2. 5%, therefore the company will pay more for the commission and gross profit every quarter had changed too. Those things made the Net Profit before Tax reduce a bit. It’s going down from $938,500 to $923,500. We have to have a plan to control the expense, reduce the cost of product, try to used-up the old material and do not advertise a new product without a plan. Set a new goal to achieve, per half its can motivate employees working harder and per half can save a money for commission. From option 1 to option 3, we can easy to recognize that reduce the cost of goods sold, expense and increases sale volume are the best way to achieve a goal. We do not need to reduce the workforce or increase the price of sale, that way will put our business in risky Task B Based on Sales cost centre expense budget We got so may argue about the expense budget between each sales centre. Sales centre A, they had achieved great success over the last year and consistently outsells other sales centres. In fact, due to the large number of accounts managed by our sales team and larger staff, Sales centre A is expected to sell as much volume as the other two sales centres put together. That means, the expense budget for Sales centre A must be more than other, at least twice time then the other centre. Because, they need a lot of money to pay for their cost, such as Wages, telephone, office supplies, and commission. That seems not fair for Sale centre A. Contingency plan template Contingency Plan Company name: Big Red Bicycle Pty Ltd Person developing the plan: Nguyen, Hoang Sachit Mahat Name: Nguyen, Hoang Sachit MahatPosition Manager of Sale Centre A Risk identified: Strategies/activities to minimise the risk By when By whom Evaluate total expense and reduce any unnecessary expense: Wages, advertising, staff amenities†¦ 10/01/2014 All store Deal with supplier to reduce cost of gods sold or change to new supplier 10/01/2014 CEO Michelle Yeo Find out and fix the problem from accounting department, change new senior accountant 02/01/2014 CEO Michelle Yeo Prepare to negotiate necessary changes to the budget, cash flow and profit projections 5/01/2014 New senior accountant Identify areas of the budget that are not achievable, inaccurate or unclear 1/01/2014 New senior accountant Set a new goal for staff to achieve, make them work harder 20/01/2014 CEO Michelle Yeo Training staff for customer services and more promotion for customer 15/01/2014 All store