...Venture Budgeting and Forecasting Many Americans live with self-care disabilities. The Americans who chose to remain home is increasing as the cost of assisted living facilities increases. The decision to remain in home stimulates from the increasing cost of assisted living facilities as well as the ease of remaining in a familiar environment. Though the decision brings challenges, many Americans chose to seek in-home assisted living services. As the demand for assisted living requirements increases it is evident that there is a consumer need and a business opportunity to meet the needs of those consumers, (US Census Bureau, 2006). Despite how excellent of an idea or opportunity, there is a cost to start a business. Because the agency will conduct business in the comfort of the client’s home; the cost for start-up is minimal for the agency and the main concerns that require start-up capital consists of marketing, labor, website construction, insurance, office technology. After researching the average cost of opening an assisted living and personal care agency, the idea became clearer and more feasible financially as well as profitable. The first step in opening the agency consists of acquiring a business line for an in-home office. The business line is solely for the business of Under One Roof, and the cost for setting up a line is $150. The agency will need a separate computer, printer, and software for management in the effort to maintain financial and personal records...
Words: 403 - Pages: 2
...face today. The specific purpose is to persuade young adults to make better choices in life. Because of the challenges young adults face today; I feel that you adults have to better them by learning from their mistakes and the mistakes our elders has made. Introduction How many young adults will like higher paying jobs? One of the challenges young adults face today is education. Young adults lack a bit of education, because I know I have. So many young adults lack career skills and knowledge. Many young adults have no clue about budgeting. In the world we live in today, we need education. A lot of young adults are 2 stereotyped so let’s prove them wrong with good education. Education may not be the key to happiness, but it definitely is the key to a lot of other things which come together to make us happy. Learning the importance of an education can help motivate you to learn and achieve great things. Body You have to have a good education to make it in life. A direct effect of education is knowledge gained...
Words: 590 - Pages: 3
...important do you think civic and political participation is? I think it’s very important Mr. President, because Civic and political participation prevents decisions from being made by a few people. In my opinion participation by the masses insures greater freedom. Mr. President, I believe you are familiar with Booker T. Washington. The brave intelligent man who started a college for African Americans after the civil war. He taught African Americans how to live successfully as free people. He also promoted education for African Americans all over the country, and gave instructions in subjects like taking initiative, buying or building houses, building a competitive business, budgeting, keeping a house, all kinds of things nobody learned while in bondage. Booker T. Washington was influenced by disfranchisement and the Jim Crow discriminatory laws enacted in the post-Reconstruction Southern states in the late 19th and early 20th centuries. So tell me, why don’t we have a national holiday celebrating and honoring Booker T? Washington sir? He has done so much for African Americans like me. Thanks to him your daughters and I can go to college and get a higher education. He definitely deserves a holiday celebrating just him and his accomplishments. So, start working on making that happen Mr. President. Sincerely, Britt Ray Works Cited “Bio.” Booker T. Washington Biography, 2015. Accessed February 19, 2015 at http://www.biography.com/people/booker-t-washington-9524663 ...
Words: 257 - Pages: 2
...services, a promise of easy financing, and the "Hollywood" spin on the advertisements all make spending hard to resist. Understandably an individual's attitudes, behaviors, and decisions ultimately affect their financial and social well-being; parents need to take responsibility for providing early instruction on financial literacy and responsibility. Because of gross overconsumption, student loans, and a lack of adequate parental guidance on financial literacy; children are facing a lifetime of debt and little to no understanding of how to handle it. Overconsumption Americans have made some progress, since the financial crisis of 2008, which is considered, by some economists, to be the worst since the great depression (Haverman, 2008). Debt is still nearly double than that of 1989 (Editorial Board, 2015) and private debt overshadows government debt by one hundred and fifty percent (Nutting, 2014). American debt is in part due to overconsumption. Our parents were largely one income families. They lived in modest homes, most drove one car and had minimal educations. Today’s upper class is constantly getting bigger and better homes and cars, and taking lavish vacations, and a strong desire for those amenities has driven some in the middle class to incur unreasonably high debt. Thomas Naylor, a professor emeritus of economics at Duke University, believes that a marketing sway of consumer goods and services have a part in this out of hand behavior as well (Billitteri, 2010)...
Words: 1366 - Pages: 6
...I completely agree that not all minimum wage workers come from a poor house hold. In a article called "Typical Minimum-Wage Earners Aren't Poor, But They're Not Quite Middle Class" it says, "Close to half a million minimum-wage earners are in households with six-figure incomes, and a million more are in those that earn at least $60,000" (Casselman pg. 3). Casselman then goes on to say that "about 1.6 million people, or about half of all minimum-wage workers" (Cassleman pg. 2) can support there-self. So even with minimum wage being so low as some might say there are people in this world who are making it work. They are budgeting and saving what they can. Sherk even got an expert opinion form Ohio University Economist it says, "the overall Poverty...
Words: 287 - Pages: 2
... Blekinge Institute of Technology THE IMPORTANCE OF THE PAYBACK METHOD IN CAPITAL BUDGETING DECISION. By Alaba Femi, AWOMEWE & Oludele Olawale, OGUNDELE Supervisor: Anders Hederstierna Thesis for the Master’s degree in Business Administration Fall/Spring 2008 THE IMPORTANCE OF THE PAYBACK METHOD IN CAPITAL BUDGETING DECISION. By Alaba Femi, AWOMEWE & Oludele Olawale, OGUNDELE A thesis submitted in partial fulfillment of the requirements for the degree of MBA (Master of Business Administration) Blekinge Institute of Technology 2008 Supervisor Anders Hederstierna ii Abstract Title: The importance of the Payback method in Capital budgeting decision. Authors: Alaba Femi, Awomewe and Oludele Olawale, Ogundele Supervisor: Anders Hederstierna Department: School of Management, Blekinge Institute of Technology Course: Master’s thesis in business administration, 15 credits (ECTS). Background and Problem Discussion: The capital budgeting decision has been a very typical issue in the sustenance of a company. Several companies have lost their identity or liquidated due to wrong capital budgeting decision they made at one particular time or the other. Based on these prevalent problems in industries and the effect of globalisation on industries, it is important to use effective method to analyse investment before decision is made. Capital budgeting is extremely important because the decision made involve the direction and opportunity...
Words: 17797 - Pages: 72
...Name Instructor Course Date Civics - Final Project Summary An Amendment calling for mandatory military service after high school graduation should be passed to help all students be successful upon graduation. Military services should be allowed to recruit in high schools which would give high risk students an opportunity to be successful. Besides, it offers students who will not attend college a way to gain skills as well as provide an opportunity for low-income students a way to pay for college. If the government does not allow military services to help educate students about their options after graduation, it will be doing an injustice to the future generations leaving a child left behind. Make a difference in the future and someone’s life and allow the military services to recruit in high schools. There are many benefits that people take for granted daily that many would do not worry about in the military. Health care is not a topic many 18-year-olds think about because the majority are still covered by their parents to the age of 21 and sometimes further than that with the right plan (Simon and Lovrich 372). Enrolling in the military service is a feasible option to earn money, gain technical skills and training as well as leadership skill that will assist one for the rest of his or her life. One of the difficulties in getting a job fresh out of college is lack of experience consistent with the working knowledge in their field. After the compulsory military service...
Words: 1860 - Pages: 8
...bike using his credit card. It took Chris six months to pay the bike off and he winded up pay thirty percent of the bikes total price back just as interest. Needless to say this made Chris much more cautious about using his credit card and when he does use he pays it off as fast as he can to prevent the interest from racking up. However not everyone learns this lesson, many times the interest compounds and people can’t pay back the interest let alone the actual price of the item causing them to fall into debt, which is only made worse you buy big ticket items like cars and houses. Living outside of your means just to have nice things is also a bad habit which can lead to even more debt problems. Instead of being fiscally responsible and budgeting and purchasing items that they can afford based off their income people tend to think there income...
Words: 798 - Pages: 4
...Capital Budgeting Introduction A logical prerequisite to the analysis of investment opportunities is the creation of investment opportunities. Unlike the field of investments, where the analyst more or less takes the investment opportunity set as a given, the field of capital budgeting relies on the work of people in the areas of industrial engineering, research and development, and management information systems (among others) for the creation of investment opportunities. As such, it is important to suggest that students keep in mind the importance of creativity in this area, as well as the importance of analytical techniques. Because a project is financially sound, it must be ethically sound, right? Well . . . the question of ethical appropriateness is less frequently discussed in the context of capital budgeting than that of financial appropriateness. Consider the following simple example: The American Association of Colleges and Universities estimates that 10 percent of all college students cheat at some time during their postsecondary education careers. You might pose the ethical question of whether it would be proper for a publishing company to offer a new book How to Cheat: A User's Guide. The company has a cost of capital of 8% and estimates it could sell 10,000 volumes by the end of year one and 5,000 volumes in each of the following two years. The immediate printing costs for the 20,000 volumes would be $20,000. The book would sell for $7.50 per copy and...
Words: 3451 - Pages: 14
...Name: Institution: Course: Date: Introduction Since there are many definitions of management accounting, this paper will stick with the definition formulated according to the American Accounting Association. It defines accounting as a process of providing both financial and non-financial to decision makers. The varying nature of business characteristics implies that also techniques used in managerial accounting for each business differ as the business grows. During start up the business rely on capital investment and budgeting techniques. A mature business relies upon quality control and cost management. Techniques used ultimately assist the business to achieve its long-term and short-term aims via efficient decision-making. The objective of this paper is to study each concept available in the accounting definition and provide a framework needed for deep understanding of aspects and issues involved in the process of accounting. The paper will have two part. The first part will look at the first aspect that is to define managerial accounting and look at its role, techniques and ethical issues facing managerial accountant. We will also highlight the role of a managerial accountant. In the second part, three topics will be covered. The three topics are; cost investment techniques, budgeting, and quality control. In the selected topics, real-world cases will be presented in relation to how they relate to managerial accounting techniques. Managerial accounting is defined as process...
Words: 2450 - Pages: 10
...This sit for Civil Rights for the handicapped in was one of the longest one’s in the history of a federal building in American History, lasting 28 days. A day prior to the sit-in, Roberts gave a motivational speech to his fellow people which fueled those there with passion for what they were doing: without his speech, the sit-in may have not been as successful as it was. Their perseverance directly led to forcing the San Francisco HEW office into signing the Section 504 into...
Words: 892 - Pages: 4
...Handouts for Corporate Finance 1 Capital Budgeting Introduction A logical prerequisite to the analysis of investment opportunities is the creation of investment opportunities. Unlike the field of investments, where the analyst more or less takes the investment opportunity set as a given, the field of capital budgeting relies on the work of people in the areas of industrial engineering, research and development, and management information systems (among others) for the creation of investment opportunities. As such, it is important to suggest that students keep in mind the importance of creativity in this area, as well as the importance of analytical techniques. Because a project is financially sound, it must be ethically sound, right? Well . . . the question of ethical appropriateness is less frequently discussed in the context of capital budgeting than that of financial appropriateness. Consider the following simple example: The American Association of Colleges and Universities estimates that 10 percent of all college students cheat at some time during their postsecondary education careers. You might pose the ethical question of whether it would be proper for a publishing company to offer a new book How to Cheat: A User's Guide. The company has a cost of capital of 8% and estimates it could sell 10,000 volumes by the end of year one and 5,000 volumes in each of the following two years. The immediate printing costs for the 20,000 volumes would be $20,000. The...
Words: 3456 - Pages: 14
...1. Introduction The purpose of this PDP module is helping people gain the personal, academic, reflective and professional skills. In this report, I am going to reflect on what I have learnt and I need to improve. In academic area my strongest skills are note-taking, referencing and information skills. However, in presentation skills, academic writing and learning skills are the area that I still need improving. In career-related skills, I am good at self-management, adaptability and team-working. On contrary, I still need to learn how to manage time efficiently, budgeting and communication well. 2. Academic skills Three strongest skills: * Note-making. By taking e-lesson from PDP, I know how to do note-making effectively last term and keep practice during this study period. In terms of me, I need to point out the key words from the messy information and then focus and re-organize the key words to the pattern that I am familiar with. Finally, I need to revise it and concise it times and times again to make a higher and more depth understanding of my notes. After I tried again and again, I realized that I can revise quiet easy by focusing on the main parts teacher referred in class. As note-making is pretty useful, I use it almost every day and now I can make notes quickly and precisely, which plays a vital part in my university study. * Referencing Referencing, this can be seen as a basis of academic writing (Neville, C. 2012). During term two periods, we had...
Words: 2299 - Pages: 10
...He focuses on nine courses on the basics of budgeting, dumping debt and planning for the future. Dave has a huge following and one thing that I notice the followers sharing is the most ridicules things people say about paying off debt. Paying off debt is not a norm. Why would you want to throw your money away on your debts, just obtain more stuff. There is a major difference from a person with great money management skills compared to the person that has very little knowledge. Money managers have morals and standards with their finances. They are frugal, give great thought to their purchases, and have peace of mind. They can look upon the first class and not fleshly desire what they...
Words: 669 - Pages: 3
...Examining the Correlation between Social Class Position and Debt Introduction This paper looks into the correlation between social class and the prevalence of debt. More specifically, it examines the debt level of the American middle class. The middle class is a broad term given to American households whose yearly income measures from ~$25,000 to ~$100,000 according to the non-profit organization, The Drum Institute for Public Policy. Depending on the model used, the middle class makes up somewhere between 25 to 66 percent of all households in America. Due to the far-reaching nature of the class, most sociologists divide the middle class into two sub-classes: the upper or professional middle class and the lower-middle class. The professional...
Words: 1696 - Pages: 7