...reduce workforce, which resulted in leaving highly educated people without a job. Some of the unemployed people are considered to be over-qualified for jobs where employers are not able to offer high salary, leaving the unemployed jobless for a long time. The issue has caused a negative effect on the economy. The unemployment issue is blamed for the high rate in mortgage foreclosure. When a property is mortgaged, the bank holds the property as collateral on the loan. If the homeowner fails to pay the loan, the bank can take legal action to claim ownership of the home. This action is referred to as a foreclosure. Many homeowners depended on two incomes to manage the monthly bills. The lost wages from an unemployed spouse can create extreme financial hardship, which affects holding on to a home mortgage. With limited choice, these families are forced to walk away from their homes. These once highly skilled workers spend many months, even over a year looking for employment. Usually a bank will give the homeowners a little time to catch up on the missed payments. Eventually, the lender of the home mortgage will step in and foreclose the property after the home owners default on their payments. My proposal will provide a mathematical modeling analyzing the unemployment rate in the state of Florida with relationship to mortgage foreclosure. This model will provide a linear equation that expresses the relationship between the unemployment rate and mortgage foreclosure in Florida. In addition...
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...Abstract Financial planning and budgeting has become a powerful tool of any company’s financial management. Planning and budgeting is an issue that should be solved in a complex. Therefore, this final English research paper highlights three main approaches absorbed: theoretical, practical, and analytical. Theoretical knowledge cannot be applied to practice without clear understanding of business, a feeling about the actual circumstances. Practical knowledge cannot be applied to professional tasks without analytical approach. This skills and approaches are presented and proven in this research. Having faced planning and budgeting process of middle-sized company, it has been noted that some issues of this important activity absence clarity, confidence, and flexibility. In order to optimize planning and budgeting process a thorough examination has been prepared in this research paper. The Company where experience has taken place is Levi’s XX that stands for Levi’s Vintage Clothing. Therefore, the industry examined is apparel, and as a market is taken the whole Globe. Table of Contents Abstract 2 Introduction 4 • The purpose of the study 4 • The main conceptual problem 5 Methodology 6 1. Essence and role of financial planning and budgeting 7 1.1 Planning and budgeting role in company’s structure 7 1.2 Purpose of budgeting 7 2. Company profile, industry and market description 10 2.1 Levi’s XX story 10 2.2 Company’s structure 10 3. Principles and objectives...
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...Financial Planning Lacardo Scott Grantham University Financial Planning Financial planning is defined as planning or the future of your company to make sure you have positve cash income in upcoming years. Financial planning is very important when it comes to planning a business because if not done properly, your business is sure to fail. Financial planning is a process to help you make smart decisions about money that you business makes so your company can reach its goals. Smart financial planning determines the course of action the company will take, the tasks that need to be accomplished, as well as who is responsible for completing the tasks in the proper time and manner. The success of any business is based on financial planning. Financial planning includes three categories: Strategic role of financial management, objectives of financial management and the planning cycle. When thinking of a financial plan, the company should come up with what is called a planning horizon, which is the time period of the plan. A business’s main goal while financial planning is to make sure they have accurate cash management. By correctly guessing how much cash they are going to bring in and have available, leaves room for the company to invest and receive a higher return on their investments. Accurate cash management also allows a company to foresee any type of cash shortage that could likely come about anytime during the year. When a company is able to make these types...
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...BA 350 WEEK 4 ASSIGNMENT EFFECTS OF FINANCIAL PLANNING A+ Graded Tutorial Available At: http://hwsoloutions.com/?product=week-4-assignment-effects-of-financial-planning Visit Our website: http://hwsoloutions.com/ Product Description BA 350 Week 4 Assignment Effects of Financial Planning, Financial planning appears to be more complex and problematic but it seems to be easier than it really is. Everyone plans for the future to some extent. People plan for the long term such as career choices and also for short term such as what they are going to do today. Planning also applies to business environment and they are expressed in financial terms. Financial planning is comprised of distinct strategies and plans that an organization practices in order to get itself out of different financial problems and troubles. Planning is frequently used to determine ways to assist the balance sheet, create a profile of separate and different financial tools, and suppose financial conditions. The principle of financial planning is to design and produce a compliant plan which will be running situations and program simultaneously. This enables the business to still make money and deal with difficult situations if the business slows or an unexpected and unanticipated event occurs. Financial planning appears to be more complex and problematic but it seems to be easier than it really is. Everyone plans for the future to some extent. People plan for the long term such as career choices and...
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...MERGER Merger Introduction There are certain organizations around the world which get engaged in the activities regarding merger. The health care organizations also get engaged in merger with other health care organizations. In the present paper, discussion shall be made regarding merger in health care organizations. There are certain financial drivers which are required to be considered by the health care organizations to move forward with merger. The financial planning and the success of the merger are to be taken into consideration by considering the financial statements of the organization after the merger has been carried out by the organizations. Financial Drivers Causing Merger There are three financial drivers which cause mergers within the health care organizations. The first financial driver causing merger is healthy corporate balance sheets. The second financial driver is low interest rates and inexpensive refinancing opportunities. The third financial driver is marginal growth of the organization (Buckley & Ghauri, 2002). All these financial drivers work in a positive manner for promoting mergers within the organization. In relation to merger, the organizations look at the potential health corporate balance sheets. In relation to the potential healthy balance sheets, the organizations look to get merged with another organization which has huge numbers in the balance sheet so that, the size of the balance sheet after...
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...Strategic and Financial Planning University of Phoenix FIN / 370 September 9, 2009 Strategic and Financial Planning Every organization should have both a strategic plan and a financial plan. Although these two seem have two different purposes, they are both needed in order for the company to survive. Strategic planning is the process of determining a company’s long-term goals and then identifying the best approach for achieving those goals (Investor Words, 2009). Financial planning is the long-term process of wisely managing finances so you can achieve the goals while at the same time negotiating the financial barriers that inevitably arise in every stage of the company’s goals (FPA, 2009). Upon examining the relationship between strategic and financial planning, we will see how Quizno’s, Family Focus Lawndale and the LaSalle Network each utilize strategic and financial planning. Quizno’s Strategic Planning Initiative Quizno’s is a gourmet sub shop that sells different kinds of oven-toasted sandwiches. At Quizno’s, the store managers are always coming u with new plans and ideas to bring in new customers. Each store has a different type of promotion that is specifically targeted for the store location to drive in new business. The store managers have weekly meeting with the storeowner to talk about ways to increase productivity and reduce waste. The store managers also have monthly meeting with the store employees to see that everyone stays on...
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...com/shop/ba-350-week-4-assignment-effects-of-financial-planning/ BA 350 WEEK 4 ASSIGNMENT EFFECTS OF FINANCIAL PLANNING BA 350 Week 4 Assignment Effects of Financial Planning Financial planning appears to be more complex and problematic but it seems to be easier than it really is. Everyone plans for the future to some extent. People plan for the long term such as career choices and also for short term such as what they are going to do today. Planning also applies to business environment and they are expressed in financial terms. Financial planning is comprised of distinct strategies and plans that an organization practices in order to get itself out of different financial problems and troubles. Planning is frequently used to determine ways to assist the balance sheet, create a profile of separate and different financial tools, and suppose financial conditions. The principle of financial planning is to design and produce a compliant plan which will be running situations and program simultaneously. This enables the business to still make money and deal with difficult situations if the business slows or an unexpected and unanticipated event occurs. Financial planning appears to be more complex and problematic but it seems to be easier than it really is. Everyone plans for the future to some extent. People plan for the long term such as career choices and also for short term such as what they are going to do today. Planning also applies to business environment and they are expressed in financial terms...
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...of other business disciplines. It is important that we understand why a finance major needs these other skills and abilities. Let's take them one at a time: 1. Economics provides the theory that finance uses. The field of finance is a very new discipline, beginning formally around 1920. Before that, financial problems were referred to as "economic problems" or (even earlier) "problems in political economy." During the 1920s, finance broke away from economics and became a discipline of its own. Think of finance today as being applied economics. In other words, economics provides the theory; finance takes that theory and applies it to real world situations. 2. Accounting is sometimes called "the language of business" and it is certainly true that it is a language that finance practitioners need to be familiar with. Finance majors work with numbers generated by the accounting profession: income statements, balance sheets, cash flow statements, etc. Although finance practitioners don't need to know the intricate details of how these numbers were determined, they do need to know enough accounting to properly use these numbers in an analysis of financial problems. 3. Management provides the communication and organizational skills that all finance personnel need. Finance practitioners spend most of their day interacting with other people, so the ability to work effectively with others is crucial. 4. Marketing skills are increasingly important to finance people...
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...Finance theory and Financial strategy Strategic Planning means several things. But it certainly is a part of the decision-making in resource management of the business benefits. Finance theory has significant advantages in understanding the function of capital markets, the valuation of real assets and financial assets. Discounted cash flow analysis(DCF) is a tool that derived from finance theory which has been widely used. However finance theory also has little effect on strategic planning and there are three differences between financial theory and strategic planning: 1. Traditional financial theory and strategic planning might have some differences in language and culture. 2. Discounted cash flow analysis might be used in an incorrect way of strategy therefore it is not acceptable in terms. 3. Discounted cash flow analysis might fail to apply a strategic, even if it is used properly. The most relevant financial concepts in strategic planning is firms’ capital investment decisions and it is also a critical component of “financial theory”. The theory is focused on cash flow and return on the investment. The tool used in investment decisions is net present valued (NPV) which was calculated from present valued minus required investment or which was reduced to discounted cash flow formula because the net present value is a matter of cash flow that will gain in the future. [pic] ...
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...them as consisting of two parts that are labeled financial accounting and managerial accounting, although in practice the two are not neatly separated. Financial accounting has the primary objective of providing financial information to parties outside the business — stockholders, bankers, other creditors, and government agencies. The techniques, rules, and conventions according to which financial accounting figures are collected and reported reflect, to a considerable extent, the requirements of these outside parties. Managerial accounting is concerned with accounting information that is useful to management. Although much of this information is the same as that contained in reports for outsiders, management also needs a considerable amount of addi-tional information. “Useful” always connotes some purpose for which the figures are to be used. The concern is with the use of accounting figures in the identification, recognition, or solution of management problems. The terms “financial accounting” and “managerial accounting” are not precise descriptions of the activities they comprise. All accounting is financial in the sense that all accounting systems are in monetary terms, and management is responsible for the content of financial accounting reports. (Do not draw inferences from the labels alone, learn the concepts that the labels represent.) The Structure of Accounting A single structure underlies both financial accounting and managerial accounting. This structure...
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...D1-Justify actions a business might take when experiencing cash flow problems In this task based on the work that I completed in P3, I will be making recommendations on how I think that Kerri’s soft drinks should progress and trying to avoid any possible cash flow problems. The screen dump above shows that when Kerri first started her business she had no money, this meant that she would have to get a loan for £450 from her dad to help her start up the business. So for the first month it shows that she had no sales. However when it came to February there was no money coming into Kerri’s business which explains why there are minuses in the cash flow forecast and as you look at the closing balance for March, This shows that the minuses from February carried on until March. Personally In my opinion I think that Kerri should have either got an overdraft from her bank or maybe worst case scenario asked family or friends for another loan to make sure that her business was secured for February. I also think that an overdraft would be a smarter solution as she has a small business and taking out a big loan could put her in the same situation or even in debt causing her to just close the business altogether where she won’t be able to get out of because she won’t be making enough money to pay it off. Another solution would be that because her dad gave her £450 in January she should have asked to for him to give her half of it in January and the...
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...Todd Brown Financial management of a medical care facility includes ethical standards and also reporting practices. The facilities have to report the financial information factually and fairly. With professional financial management and reporting practices, these facilities carry the high expectations to upholding ethical standards and behavior. The financial data helps to aid in the assessment of the timing, amounts, and uncertainties of flows of cash, and as well as furnishing data about the facilities economic resources, claims towards the resources, equity, and changes within the claims and resources. The manager’s most important challenge is to solving problems strategically. As to the development of a variety of academic disciplines, and to aid managers to responding to the challenge of developed problem solving, principles of management are categorized into a system of functions that are summarized as planning, organizing, leading, and controlling. * Planning is the function of which the management that includes setting goals and determines the course of action to achieving these goals. Planning requires that managers be good decision makers and it requires them to be aware of environmental conditions that the organization is facing as well as forecast future conditions. Strategic planning includes competitive threats and opportunities, along with the weaknesses and strengths within the facility. Tactical planning is the intermediate planning that is developed...
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...operational decisions and others related to the division. The division generated revenues right away from the existing CD-ROM products which showed rapid growth and leading to rapid success. Hasbro Interactive paid great bonus to the employees for that rapid success. To continue achieving increase in revenues, Mr. Dusenberry expanded company’s activities beyond translating existing Hasbro properties to interactive format. He purchased license to produce games based on successful television game shows and also announced to build new game from scratch. The company also began acquiring software firms to expand its product line. The acquiring companies become separate divisions in Hasbro. The multi-business-unit structure revealed that strategic planning, budgeting, and business performance reviews were not Hasbro’s strength....
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...Management is creative problem solving. This creative problem solving is accomplished through four functions of management: planning, organization, leading and controlling. The intended result is the use of an organization’s resources in a way that accomplishes its mission and objectives. Management is the process of working with people and resources to accomplish organizational goals. (Bateman & Snell, 2007.) Managers fail when they do not accomplish the mission and objectives. The first function of management is planning. Planning is delivering strategic value. An organization needs to forecast, predict and project what the future holds for the firm. The organization needs to have plans to set the stage for action and for major achievements. Delivering strategic value is a continual process in which people throughout the organization use their brains and the brains of customers, suppliers, and other stakeholders to identify opportunities to create, seize, strengthen, and sustain competitive advantage. (Bateman & Snell, 2007.) Planning plays a significant role in the management function. This is where rules and procedures are developed. In the financial services industry, planning is always a critical tool to use to stay ahead of the competitor and to research what product best suits the client. Planning provides the organization with information on future activities that allows them to change the way they are doing business or change the product to be successful. At AIG Sun...
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...this course about personal finance, talk about the steps to a healthy financial life and discuss the basics of personal finance. What is personal finance? Personal finance is the study of personal and family resources considered important in achieving financial success. It involves how people spend, save, protect, and invest their financial resources. It includes making financial decisions, developing and achieving financial goals, financial planning, budgeting, tax management, money management plan , use of credit cards, borrowing, saving plans, major expenditures, risk management, managing debts, investments, retirement planning, and estate planning. Personal financial planning is the process of managing your money to achieve personal economic satisfaction. Why is financial planning important? A good financial plan can enhance the quality of your life, the planning process allows you to control your financial situation; Increased effectiveness in obtaining, using, and protecting your financial resources throughout your life, Increased control of your financial affairs by avoiding excessive debt, bankruptcy, and dependence on others, Improved personal relationships resulting from well-planned and effectively communicated financial decisions. A sense of freedom from financial worries obtained by looking to the future, anticipating expenses, and achieving personal economic goals. Financial goals Financial goals are rarely achieved without sacrificing current consumption...
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