We believe PC Depot will be a great venture for Thompson Essay Example

We believe PC Depot will be a great venture for Thompson Essay Example We believe PC Depot will be a great venture for Thompson Essay We believe PC Depot will be a great venture for Thompson Essay In September, Barbara Thompson started PC Depot, a retail store for personal computers, with initial startup costs in the amount of $158,115 (Anthony, 2004, p.108). During the month various transactions occurred resulting in a net income for the month of September in the amount of $5,054. Financial transactions for the month of September have been recorded in the general journal, which also includes adjusting and closing entries. NC Gold has prepared the balance sheet and income statement for PC Depot for the month of September. A financial analysis of the balance sheet and income statement was conducted and areas of concern were identified. One area of concern for PC Depot is the amount of inventory they are carrying for a start up business. During the month of September, PC Depot purchased merchandise for inventory in the amount of $187,440 on credit from suppliers. Cost of sales for the month of September was $38,140 resulting in an ending inventory of $149,300. Another area of concern is the amount of debt PC Depot has incurred through bank loans in the amount of $100,000 and purchases from creditors in the amount of 187,440. NC Gold feels that PC Depot should focus on reducing inventory costs and reducing their short tem and long term debt. Some suggestions for reducing inventory costs include implementing the Just In Time or consignment method of inventory. Just In Time (JIT) is a comprehensive inventory and manufacturing control system in which no materials are purchased and no products are manufactured until they are needed (http://services.eliteral.com/glossary/glossary-of-quality-improvement-terms.php The JIT inventory method could eliminate financial risk. By keeping inventory stored for long periods, companies may experience high storage and investment costs and also obsolete inventory. These costs may hinder the companies profitability. For JIT to prove beneficial for PC Depot, the company needs to choose suppliers carefully. Companies may risk sales due to untimely deliveries or damaged merchandise by suppliers when using the JIT inventory method. Thompson needs to research and consider all possible suppliers when considering delivery on an as needed basis. Another option for PC Depot is the consignment method of inventory. Consignment inventory can be defined as goods placed at a customers location, with ownership of these goods remaining with the supplier. Payment is not made until the item is actually used. (Czarnecki, 2004, p. 24) By applying this method, PC Depot would not incur losses due to unused or unsold merchandise. The consignment method would eliminate upfront costs and allow PC Depot to maintain inventory on hand. The company would also be able to return unused inventory to the supplier within a reasonable amount of time. Dell Computers serves as an example of a company that uses consignment inventory. Dells Michael Gray credits the companys success to the low levels of inventory and says companies run risk of managing inventory that becomes obsolete (A Reminder, 2005). The consignment method of inventory, while potentially beneficial to PC Depot, requires proper management with suppliers. PC Depot must recognize the importance of relationships with suppliers who may make returning merchandise difficult. Czarnecki says, contracting with the vendor to keep track of inventory and allowing for return of supplies that are not used or are no longer current can help make this purchasing method more user-friendly (2004, p. 28). The amount of debt incurred by PC Depot to purchase inventory for the company is a major concern. Currently, Thompson is paying interest to creditors for inventory which is not being sold. Also, Thompson has a $100,000 bank loan at 15% interest which was used to start the business. In total PC Depot currently has $192,571 of combined debt. Considering the costs incurred to obtain inventory and how much inventory is currently being maintained, an alternative inventory control method such as JIT or consignment would work best for PC Depot. We recommend that for future inventory needs PC Depot establish a relationship with suppliers that can provide them inventory utilizing the JIT method. The JIT method is preferred over the consignment inventory method because it eliminates storage issues. If PC Depot were to use the consignment method of inventory, they may still incur costs associated with the housing and returning unused merchandise. NC Gold recommends that PC Depot reduce as much cost as possible by eliminating inventory overage. Thompson should also consider a line of credit as opposed to paying interest on the $100,000 bank loan. With a line of credit, Thompson will be able to borrow money as needed and pay interest only on the amount used. To accomplish this, Thompson should use the initial cash investment, paid-in capital, of $65,000 to pay towards the $100,000 note payable and utilize the line of credit when needed. Applying the standard 8% rate on a line of credit, Thompson would pay $4,800 in interest as opposed to $15,000 annually (moneycafe.com/library/prime.htm). We believe PC Depot will be a great venture for Thompson as evident by a net income of $5,054 for the companys first month of operations. We feel that our recommendations to reduce inventory costs and debt will be beneficial to PC Depot and provide them an opportunity to be more profitable in the future. Our findings and recommendations can be supported by the following financial exhibits.

Ethnic Residential Segregation The Solidarity of The Group essays

Ethnic Residential Segregation The Solidarity of The Group essays ETHNIC RESIDENTIAL SEGREGATION: THE SOLIDARITY OF THE GROUP The urban metropolis and its function in society cannot be understood without studying its composition as a city of immigrants, their newcomer families and friends and the ties that bind them. By overlooking the ethnic culture and networks of the city's immigrants, the study of the urban centre is at best a futile effort. Ethnic tendencies and particularly ethnic residential segregation, are areas of examination than cannot be neglected if we are to understand the individual and group experiences that ultimately influence urban growth. It is therefore important to carefully explore these areas so that insight into the underpinnings of the urban metropolis is achieved. Looking at Canadian urban centres from 1850-1920, specifically the city of Toronto, I will examine the issue of ethnic residential segregation and its significance to the urban centre. I will attempt to prove that this phenomenon is a consequence of ethnic concentration in particular industries resulting from ethnic networks and socio-economic inequalities present within society. Furthermore, the existence of these vibrant yet segregated ethnic communities does not imply that assimilation is failing to occur. Consequently, standard assimilation frameworks, which assume that proximity to the majority group increases with socio-economic gains, must be re-evaluated. Urban and historical geographers have become increasingly interested in studying residential segregation through the context of changes in the industrial workplace (Scott, 1986). A number of industries like clothing, textile, iron and steel have employed large proportions of immigrant workers (Leiberson, 1933). Toronto is no exception. Early immigrant settlers came to North America in search of a 'better' life and increased economic opportunities (Lindstrom-Best, 1979) and Toronto's economic ambience appealed to them. 1850's Tor...

The First Sino-Japanese War of 1894 to 1895

The First Sino-Japanese War of 1894 to 1895 From August 1, 1894, to April 17, 1895, the Qing Dynasty of China fought against the Meiji Japanese Empire over who should control late Joseon-era Korea, ending in a decisive Japanese victory. As a result, Japan added the Korean Peninsula to its sphere of influences and gained Formosa (Taiwan), the Penghu Island, and the Liaodong Peninsula outright.   However, this did not come without loss. Approximately 35,000 Chinese soldiers were killed or wounded in the battle while Japan only lost 5,000 of its fighters and service people. Worse yet, this would not be the end of tensions - the Second Sino-Japanese War started in 1937, part of the first actions of World War II. An Era of Conflict In the second half of the 19th century, the American Commodore Matthew Perry forced open ultra-traditional and secluded Tokugawa Japan. As an indirect result, the power of the shoguns ended and Japan went through the 1868 Meiji Restoration, with the island nation quickly modernizing and militarizing as a result. Meanwhile, the traditional heavy-weight champion of East Asia, Qing China, failed to update its own military and bureaucracy, losing two Opium Wars to the western powers. As the preeminent power in the region, China had for centuries enjoyed a measure of control over neighboring tributary states, including Joseon Korea, Vietnam, and even sometimes Japan. However, Chinas humiliation by the British and French exposed its weakness, and as the 19th century drew to a close, Japan decided to exploit this opening. Japans goal was to seize the Korean Peninsula, which military thinkers considered a dagger pointed at the heart of Japan. Certainly, Korea had been the staging ground for earlier invasions by both China and Japan against one another - for example, Kublai Khans  invasions of Japan in 1274 and 1281  or Toyotomi Hideyoshis attempts to invade Ming China via Korea in 1592 and 1597. The First Sino-Japanese War After a couple of decades of jockeying for position over Korea, Japan and China began outright hostilities on July 28, 1894, at the Battle of Asan. On July 23, the Japanese entered Seoul and seized the Joseon King Gojong, who was retitled the Gwangmu Emperor of Korea to emphasize his new independence from China. Five days later, fighting began at Asan. Much of the First Sino-Japanese War was fought at sea, where the Japanese navy had an advantage over its antiquated Chinese counterpart, mostly due to the Empress Dowager Cixi reportedly siphoned off some of the funds meant to update the Chinese navy in order to rebuild the Summer Palace in Beijing. In any case, Japan cut the Chinese supply lines for its garrison at Asan by a naval blockade, then Japanese and Korean land troops overran the 3,500-strong Chinese force on July 28, killing 500 of them and capturing the rest - the two sides officially declared war on August 1. Surviving Chinese forces retreated to the northern city of Pyongyang and dug in while the Qing government sent reinforcements, bringing the total Chinese garrison at Pyongyang to about 15,000 troops. Under cover of darkness, the Japanese encircled the city early in the morning of September 15, 1894, and launched a simultaneous attack from all directions. After approximately 24 hours of stiff fighting, the Japanese took Pyongyang, leaving around 2,000 Chinese dead and 4,000 injured or missing while the Japanese Imperial Army only reported 568 men injured, dead, or missing.   After the Fall of Pyongyang With the loss of Pyongyang, plus a naval defeat in the Battle of Yalu River, China decided to withdraw from Korea and fortify its border. On October 24, 1894, the Japanese built bridges across the Yalu River and marched into Manchuria. Meanwhile, Japans navy landed troops on the strategic Liaodong Peninsula, which juts out into the Yellow Sea between North Korea and Beijing. Japan soon seized the Chinese cities of Mukden, Xiuyan, Talienwan, and Lushunkou (Port Arthur). Beginning on November 21, Japanese troops rampaged through Lushunkou in the infamous Port Arthur Massacre, killing thousands of unarmed Chinese civilians. The outclassed Qing fleet retreated to supposed safety at the fortified harbor of Weihaiwei. However, the Japanese land and sea forces laid siege to the city on January 20, 1895. Weihaiwei held out until February 12, and in March, China lost Yingkou, Manchuria, and the Pescadores Islands near Taiwan. By April, the Qing government realized that Japanese forces were approaching Beijing. The Chinese decided to sue for peace. The Treaty of Shimonoseki On April 17, 1895, Qing China and Meiji Japan signed the Treaty of Shimonoseki, which ended the First Sino-Japanese War. China relinquished all claims to influence over Korea, which became a Japanese protectorate until it was annexed outright in 1910. Japan also took control of Taiwan, the Penghu Islands, and the Liaodong Peninsula. In addition to the territorial gains, Japan received war reparations of 200 million taels of silver from China. The Qing government also had to grant Japan trade favors, including permission for Japanese ships to sail up the Yangtze River, manufacturing grants for Japanese companies to operate in Chinese treaty ports, and the opening of four additional treaty ports to Japanese trading vessels. Alarmed by the quick rise of Meiji Japan, three of the European powers intervened after the Treaty of Shimonoseki was signed. Russia, Germany, and France particularly objected to Japans seizure of the Liaodong Peninsula, which Russia also coveted. The three powers pressured Japan into relinquishing the peninsula to Russia, in exchange for an addition 30 million taels of silver. Japans victorious military leaders saw this European intervention as a humiliating slight, which helped spark the Russo-Japanese War of 1904 to 1905.

Caricoo Cuchifrito Caribean Restaurant Assignment

Caricoo Cuchifrito Caribean Restaurant - Assignment Example Having good and quality food in a restaurant is a very essential thing while opening a restaurant. Only good food does not make the business flourish. The attitude of the waiters, management, ambiance, promotions, discounts etc all add into the food businesses nowadays. The effective promotion of the restaurant and change in the attitude of the staff is aimed in this project. Cost, time, scope and quality all play vital role in running the business successfully.The project would be divided and sub divided into different categories which will be discussed later on. It is an individual project. Management requires skills and better understanding of the organization or project’s requirements. It cannot be done unless and until the manager knows how to deal with different people and situations at different times. Successful leadership plays a vital role in the completion of the project. An effective leadership holds on the project and ensures the work is done on time. It deals with a lot of category of people including the staff, the contractors, and the customers and so on. One needs to be clever and should be ready to accept any critique and should be able to face any challenges or changed situation that occurs. The organizational format for the project under consideration is ‘Pure Project’. Performance and team dynamics like personality traits, fluency in a certain technology, organizational culture etc. has a huge impact on the production of deliverables and meeting customers’ expectations. ... Management requires skills and better understanding of the organization or project’s requirements. It cannot be done unless and until the manager knows how to deal with different people and situations at different times. Successful leadership plays a vital role in the completion of the project. An effective leadership holds on the project and ensures the work is done on time. It deals with a lot of category of people including the staff, the contractors, and the customers and so on. One needs to be clever and should be ready to accept any critique and should be able to face any challenges or changed situation that occurs. The organizational format for the project under consideration is ‘Pure Project’. Performance and team dynamics like personality traits, fluency in a certain technology, organizational culture etc. has a huge impact on the production of deliverables and meeting customers’ expectations. 2. Due Week 3 Scope Statement 2.1 Project Scope Stateme nt: Businesses are set up to gain profit. Business has to run in profit and not in loss. Businessmen try to cut off the expenditure on a business so that more money is saved which adds to the total profit. Businessmen never run their business in loss. This project will be a boost to annual profit of the business by attracting more customers with the help of brand recognition, good management and promotion of the business through different ways and mediums. 2.1.1 The project name: The name of the project is â€Å"Caricoo Cuchifrito Caribean Restaurant†. 2.1.2 The project charter: Promotion of the restaurant â€Å"Caricoo Cuchifrito Caribean† is the main aim of the whole project. To achieve the target, certain policies and strategies have been prepared which wil be

Recycling as a Mandatory Process Research Paper

Recycling as a Mandatory Process - Research Paper Example Among the top concerns in environmental pollution involve proper waste disposal and management among every citizen and the authorities that govern them since litter generated by humans is the primary cause of pollution (Ferrara and Missios 222-223). Every day, tons of garbage is being collected in every city all over the world. All kinds of wastes coming from household consumption and industrial by-products are dumped in landfills, segregated, incarcerated, recycled or worse, discarded anywhere. Emergent concerns for municipal waste generation and disposal are rapidly increasing mainly because of the public awareness in the effects of waste generation to the environment, specifically its contribution to climate change and water and air contamination. Government as well as its citizens is now hesitant in creating new landfills and incineration facilities for fear of ground water contagion brought by toxic chemicals in industrial and electronic wastes. Municipal wastes are also swellin g at a fast rate as a result of higher incomes, increase use of durable materials and packaging. Definitely the pollution that wastes carries to the environment is imminent and the impact to environmental pressures from household will probably build up in the following two decades (OECDa 82-83). Nevertheless, the issue of recycling or going green has been widely encouraged, from reusing glass and plastic bottles to utilizing old as cleaning materials in the house. In order to minimize trash, people are taught to reprocess, reuse, reutilize and recondition materials that can beneficial in saving the environment from pollutants. In 2005, household waste alone generated over 75% of municipal waste in key countries like Korea, Germany, the United Kingdom, Mexico, Belgium, the Netherlands, the Slovak Republic, Luxembourg, Denmark and Spain. Each household with one person accumulates two bags of mixed trash every week while households with three persons accrue an average of 3.2 bags. To a ddress the situation, local government units created policies that will lessen waste generation such as imposing fees based on volume of garbage and minimizing the frequency of collection. Studies show that households tend to lessen waste generation by 7.11% upon the implementation of volume-based fees. On the other hand, it has been observed that mixed waste generation decreases as the frequency of garbage collection also decreases. However, the figures gathered from these policies are not significant; consequently the need for recycling is also essential to resolve the issue (Ferrara and Missios 223-230). According to the Organisation of Economic Co-Operation and Development, Household consumption patterns and behavior have a profound effect on stocks of natural resources and the quality of the environment. As a consequence, governments have introduced a wide variety to encourage people to take environmental impacts into account in their purchases and practices. Recent initiatives include the phasing out of incandescent light bulbs, the introduction of energy performance labels for homes, and the provision of tax incentives to purchase alternative-fuelled vehicles (OECDa 15). In addition, the high volume of litter generated by the industrial sector is a huge concern for environmentalists. According to environmental policy analyst Linda Luther (1), the by-product

The Future of Harmonization Essay Example | Topics and Well Written Essays - 5000 words

The Future of Harmonization - Essay Example This growth has led to a rising demand for the legal system to work together as well as the need for harmonization. Note that increase in trade is not the main reason why there should be a legal system taking care of activities in the market. The growth provides a base and context where harmonization of sales law should be approached. For a contract to be recognized it has to pass through a number of legal systems so as to keep problems in check. If there is an absence of coordinated law, then the private international law can be used to keep things sane. These rules may be difficult to apply if the governing law has been established. The traders may be forced to apply the local legal system which does not keep in mind the needs of an international standard. It may be worse if there is a lack of enforcement mechanisms in certain jurisdictions. A history of harmonization It is therefore of no doubt that international sales are in dire need for a harmonious legal system which will bypa ss local boundaries to be international. ... The United Nations took part in the regulation of international trade rules after the Second World War. It created many international organizations and developed a United Nations Commission on International Trade law which did well in trying to find a solution to a harmonious law which could be used globally. It was this group that came up with CISG as its first efforts to harmonization of trade among the different stake holders. Many regional organizations came into existence in this period. There was the European Union, Common market of the Southern Cone, North American Free Trade Agreement, Common Market of Eastern and Southern Africa and Southern African Development Community. The main reason why these organizations emerged was due to commercial and economic development. Harmonization of Business Law in Africa steered a number if ministers to have a need in adopting a collection of laws that will be effective in member stake holders (member countries)3. These laws were beyond the countries’ legal system. Harmonization activities are slow because of different countries having different believes and traditions therefore different laws. Harmonization of sales laws can take place in two levels which are the regional level and international level. Soft law vs. hard law Currently a lot of capital, time and man power is being spent on international harmonization and these efforts are not actually bearing any fruits4. An international convention is the vague process that has been used to solve this problem. The biggest issue about conversation is that much is talked about but little is done. â€Å"By intervening in the legal market place, underestimating public distrust and legal disagreement as well as insisting on uniformity,

Case of law Essay Example | Topics and Well Written Essays - 500 words

Case of law - Essay Example In 1981, the accused was convicted on eight counts by the Crown Court at Birmingham that included one count of manslaughter. Later on, the accused appealed against the conviction of manslaughter that was dismissed by the court of appeal. I strongly agree with the court's decision in this case. This agreement is based on a reasonably through understanding of the principles of causation. One basic thing about law is that it is a vibrant and continually evolving institution that is open to relative interpretations. However, it is imperative for this institution to retain a sense of stability amidst this continuity by rejecting to compromise on some fundamental concepts that include the principles of causation. The decision of the court in this case is justified in the sense that it emphatically refused to allow a relative interpretation of the basic and long standing principles of causation and reinforced the need for an adherence to the long cherished fundamentals of causation. Sine qua non or 'but for' is the fundamental limb of any causation test. This initial step in establishing causation in the given case reveals without doubt that the death of the girl would have never occurred 'but for' the situation unleashed by the appellant. Infact her death was the culmination of a long chain of events initiated and perpetuated by the appellant.