Premium Essay

New World

In:

Submitted By jmidejesus
Words 6865
Pages 28
Chapter 4

Financial Planning and Forecasting

LEARNING OBJECTIVES

After reading this chapter, students should be able to:

• Briefly explain the following terms: mission statement, corporate scope, corporate purpose, corporate objectives, and corporate strategies.

• Briefly explain what operating plans are.

• Identify the six steps in the financial planning process.

• List the advantages of computerized financial planning models over “pencil-and-paper” calculations.

• Discuss the importance of sales forecasts in the financial planning process, and why managers construct pro forma financial statements.

• Briefly explain the steps involved in the percent of sales method.

• Calculate additional funds needed (AFN), using both the projected financial statement approach and the formula method.

• Explain the conditions under which the percent of sales method should not be used.

• Identify other techniques for forecasting financial statements discussed in the text and explain when they should be used.

LECTURE SUGGESTIONS

In Chapter 3, we looked at where the firm has been and where it is now--its current strengths and weaknesses. Now, in Chapter 4, we look at where it is projected to go in the future. The details of what we cover, and the way we cover it, can be seen by scanning Blueprints, Chapter 4. For other suggestions about the lecture, please see the “Lecture Suggestions” in Chapter 2, where we describe how we conduct our classes.

DAYS ON CHAPTER: 3 OF 58 DAYS (50-minute periods)

ANSWERS TO END-OF-CHAPTER QUESTIONS

4-1 Accounts payable, accrued wages, and accrued taxes increase spontaneously and proportionately with sales. Retained earnings increase, but not proportionately.

4-2 The equation gives good forecasts of financial requirements if the ratios A*/S0

Similar Documents

Premium Essay

A Brave New World

...The novel A Brave New World by Aldous Huxley was a story written about society that was thought to be a utopia, but in actuality this twisted world was anything from perfect. The society Huxley portrayed in his novel was in some ways a Marxists dream and in other ways a Marxists worst nightmare. Aldous Huxley did a brilliant job connecting with the Marxist point of view while also embodying numerous fears of Marxists in his critically acclaimed book A Brave New World. Marxists believed in a totalitarian government somewhat like a dictatorship. The government in Huxley’s novel used tactics such as adolescent brainwashing, drug administration, and the use of technology to keep total control of the public population. Much like Marxist societies the society in Aldous Huxley’s A Brave New World chose to alienate their young instead of nurture them like a normal world. Children in this novel were alienated at an early age, they were also trained to hate nature and music or anything that promoted any type of free will. Children were not raised by a mother and father because in the World State there was no such thing as marriage or even love. In Marxist cultures children were separated from their parents and taught to formulate their view of the world based on only Marxist teachings rather than “outdated” views. In a Marxist society the upbringing of children was not handled by parents but rather by the entire community so there were such things as family bonds in Marxism. Marxist...

Words: 941 - Pages: 4

Premium Essay

Brave New World

...Brave New World Brave New World is a form of utopian literature. It’s an imaginary society organized to create ideal conditions for human beings, eliminating hatred, pain, neglect, and all of the other evils of the world. The novel takes place in 632 A.F. (After Ford, the god of the New World). It takes place in a time where man is desperate for beliefs (and structures also a relief from pain.). All civilization has been destroyed by a great war. Then there is another war, the Nine Years War, which begins the era of Ford, ensuring stability through dictatorship. The society in Brave new world is based on a strict caste system. The highest of the five castes enjoy easier and better tasks, while the lower ones perform unskilled and all the dirty jobs. Ten Controllers hold all the power in this new world and peace is maintained by training infant minds and by dulling down adults with the tranquilizer, “soma.” The population is further controlled through scientific methods; marriage is forbidden, and children are not born but produced in an embryo factory THEME: Science and its influences on humanity is the major theme of Brave New World. The novel depicts a new society where human beings have been stripped of individual freedom, programmed to certain types of behavior, and conditioned to respond in scientific ways to specific stimulants. All traces of the old order have been eliminated. No longer are human emotions or relationships important. Infants are created in...

Words: 881 - Pages: 4

Premium Essay

Brave New World

...Zhang 1 ! Brave New World -the Nightmare of Dystopian Society The society in Brave New World is full of peace and harmony seemingly, but the inside of that is a dystopian society which is full of maladies that cannot be controlled. The inundation of human science and technology improves people’s living standard, but essentially, it covers up the weak and empty human’s mental world. The novel Brave New World was written in 1931 by the famous English novelist, Aldous Leonard Huxley. It describes a futuristic society that in 632 A.F in London, people are controlled by the World State, a new world which has a slogan “COMMUNITY, IDENTITY, STABILITY”. The marriage is forbidden, and babies are produced in an embryo factory. At the same time, the society is formed by five castes. Different levels people have their own different jobs. In the novel Brave New World, the World State reflects a dystopian society because it embraces an exploitative caste system, is morally bankrupt, and the citizens lack freedom and human dignity. The first reason why the World State reflects a dystopian society is because it embraces an exploitative caste system. In the new world, it has an extremely severe class system, which people are divided into five different castes: Alpha, Beta, Gamma, Delta, and Epsilon. All of them are responsible to a different part of jobs in the state, like brain workers, labors, creators, and leaders. The Alpha embryos will become the leaders and thinkers, but the Epsilon embryos...

Words: 1919 - Pages: 8

Premium Essay

Brave New World

...The Longer Lasting World Brave New World and 1984 are two novels that both take place in a totalitarian world; however the two worlds are very different. Huxley explains a world where the only things that are forbidden is having babies, being unhappy/questioning the state, and refusing to do the jobs and duties assigned to them. Contrastingly, 1984 is much more restrictive in the fact that they have complete control over the people, not allowing them to find love, not giving them privacy, nor allowing them to think badly about the government. Furthermore, in 1984 the government puts effort in inducing fear in the citizens by saying that they are in war, and they also use threats of torture if someone steps out of line, even in the slightest. Although both regimes control their citizens through the destruction of social relations, technology and controlling their sense of freedom, Huxley’s world state will clearly outlive Orwell’s party because Brave New World supports the development of a blissfully ignorant society, thus preventing rebellion, whereas 1984’s use of fear will inevitably destroy the stability of the nation. In addition to their methods, the destruction of social relations is something that appears in both texts. In Brave New World, sex is encouraged because it keeps people happy, though love is not. The state does not encourage the people to fall in love with someone because love leads to the want to start a family and have kids. Although both societies do...

Words: 1136 - Pages: 5

Premium Essay

The Brave New World

...Dystopia: The World Today Introduction Written in 1931 and published a year after, The Brave New World (1932) contradicts the idea of Utopia (perfect world); a type of novel that queries the values of 1931 London using satire to dramatically represent a futuristic world in which occurring fads in British and America have been taken to extremity. People from The World State are living peacefully, free from any kind of war, abhorrence, impecuniousness, illness and physical sufferings. The novel depicts a potentially perfect world, not to mention people can enjoy wealth in terms of material possessions and all form of pleasures. Using high technology, human beings no longer have to conceive. They are created in factories wherein they are being prepared for future lives. The children are raised altogether and minds are controlled through sleep-teaching to further enhance their condition. As they turn to be adults, people are already destined to certain classes. And if one was unfortunately destined to be of the lower class, he would be raised to generally like the kind of life designated to him and be trained not to like nor appreciate - basically to the extent of being manipulated - other roles but theirs. They are subjected to engage or yield themselves in totally harmless entertainment and physical activities as form of leisure. There are several anticipations which were depicted by Huxley in The Brave New World. Although some of them may not be totally proven by this time,...

Words: 1694 - Pages: 7

Free Essay

A Brave New World

...Brave New World: The use of mass media and propaganda The society is determined by the nature of people within it and how they relate. The influence of external factors like religion, politics, and technology contribute a lot to the structure and development of the society. In the novel Brave New World, the concept of social media and propaganda are explicitly expressed through various accounts. The author has used the influence of social media to bring a deeper understanding of how various characters, decisions, and acts are influenced. Social media in the novel act as a channel through which propaganda is manifested. Social power and influence is an attribute of propaganda that is directed through the masses via social media. Hence, in the context of this essay will address how mass media and propaganda are used in novel Brave New World. The human society has been dictated by their role in social media and how they influence decision and choices in life. Aldous Huxley in his novel describes a community that has been infiltrated by untruth and misguided by some beliefs and information from a selected group of people. The basic set up in the society is controlled by those who feel superior and elite compared to the others. Propaganda is spread of wrong information that causes a severe impact to the community or a group of people. In the novel Brave New World, the conflict between individual and the society being different and unique is an act of propaganda. The use of Soma...

Words: 853 - Pages: 4

Free Essay

Colonization in the New World

...in the New World Justin P. Wilson Excelsior College Abstract With growing populations, limitations on land, and religious persecution, the desire and need for expansion to new lands was critical. Reasons for this are many, but the economic benefits and religious freedoms provided by this migration are extremely important to understand. Columbian Exchange Over time and through exploration, the New World was discovered. As migration took place, many benefits were discovered by the colonists and western expansion took place. Though there were many reasons for this movement, the economics of these new lands along with religious freedoms were two of the main reasons for migration. War and limitations on land use caused a dire need for expansion. Persecution for religious beliefs made it desirable to seek new homes to freely practice versus the active suppression. After a very costly war and a shift in demands, the English had a burning desire to obtain land. “Because of the worldwide demand for wool was growing rapidly, landowners were converting their land from fields for crops to pastures for sheep” (Brinkley, 2010). With land plots decreasing for crops and the effects of a war-torn Europe upon them, migration to new lands became more and more enticing. As migration took place, new land was obtained. With the new land came an expansion in economic incentives, from new trade to new crops. “Second, the discovery of the Americas provided the Old World with vast...

Words: 548 - Pages: 3

Free Essay

Brave New World

...Maren J Lee English 27/10/2014 – 11/11/2014 Brain Washing – Brave New World Brain Washing is an interesting concept. Manipulation can be use to inspire or as a powerful weapon. The United States of America uses soft power and propaganda commercials to promote patriatism. One nation for one purpose. On the other hand, Hitler brain washed the citizens of Germany, making them believe that he was creating a better society. In this situation, brain washing becomes a weapon. Alclous Huxley brings brain washing to the extreme in his novel Brave New World. Citizens of this world are taought to think less. Ignorance is Bless. Huxley Creates a wrold with a few powerful people have complete control of the whole nation. In this essay, I want to discuess the brain washing technique they use, and how they maintain the power. Huxley’s Brave New Wrold setting is at year 2050. Children are made in a science lab with no parents. Ever since the children are born, the government natural condition them: “Family is a horrible idea.” “Everyone belongs to everyone else.” “Ending is better than mending…” (p.43) Many different unique concepts are constantly reminded in this soceity. Saying any idea millions time and listen it millions times would make it true. The governemnt of Brave New World reinforces each concepts into a human’s mind from the moment they are born. As the children in brave new world grow up, each individual is assigned to one specific job that he/ she is design for...

Words: 572 - Pages: 3

Premium Essay

A New World

...A NEW WORLD OF COMMUNICATION Certainly, the first president of the United States would be awed by the power of these new media to change ideas about the world, perceptions, and even life itself. At the end of the twentieth century and the beginning of a new millennium, there can be little doubt about mass media's impact on the way the world works. Consider a few examples: The communist world collapsed, and mass media played a key role. In the Persian Gulf War of 1991, the American government seemed to be as much concerned with influencing the media as with fighting the enemy. Our politicians have spent hundreds of millions of dollars on television advertising; they are no longer judged by their ideas or leadership but by their ability to project a telegenic image. Athletes no longer seem as engaged in sportsman-like competition as they are in competing for huge salaries as mass entertainers. The 0. J. Simpson trials and the death and funeral of Diana, Princess of Wales, have shown us that celebrities often command the world's media attention more than real issues of life and death for the planet. Most of us have had some direct experience with the impact of media on our lives, and we have witnessed their power in molding institutions and shaping events. What is still debatable, however, is whether that power is being used for good or for ill. In this discussion there are many sides-and that is what this book is all about. Without question, the mass media in America are unique...

Words: 5359 - Pages: 22

Premium Essay

Death In Brave New World

...How would you feel if someone told you that no one would mourn your death? Throughout Aldous Huxley’s novel, Brave New World, the reader is shown scientific processes that are used to create the objectively “happy” individuals that the book follows, Lenina and Fanny. One such process of this nature is “death conditioning,” where the children are discouraged to care about or even remember the deceased. We see such a distinct sense of apathy in the New World of the novel, so much so that when John The Savage sees his mother die, he is labeled as a freak and a monster. This constant apathy is used to show Huxley’s concern for the present day world and comment on the nonsensical way society handles death. Because of this, Brave New World is written...

Words: 782 - Pages: 4

Premium Essay

Taylorism In Brave New World

...Dystopia, We by Evgeniy Zamiatin and Brave New World by Aldous Huxley, these influences are crucial for the development, the understanding in the context of the period, and the impact on the literary field. In this essay we will try to analyze the social, historical and cultural context of both novels,...

Words: 1961 - Pages: 8

Premium Essay

Children In Brave New World

...Children are central to the establishment of a totalitarian society in both Huxley’s Brave New World and Orwell’s 1984. Children are corrupted by the government in both novels. They are controlled and lack freedom. These children are completely opposite from the children in today’s society. In Brave New World, no one raises children anymore and maternity is considered explicit. Children are mass-produced and raised in “Hatcheries and Conditioning Centers.” The Director describes that this center fertilizes a mother's eggs to create babies that develop in bottles using the “Bokanovsky’s Process.” The Director says, “A bokanovskified egg will bud, will proliferate, will divide. From eight to ninety-six buds, and every bud will grow into a perfectly formed embryo, and every embryo will grow into a full-sized adult…” (6). After decanting, these babies are mentally conditioned to make them joyful inhabitants of the society who enjoy the work they are assigned to. The people produced belong to either the Alphas, Betas, Gammas, Deltas, or Epsilons. The Alphas and Betas being the most intellectual, the Gammas and Deltas having no individuality and being capable of doing a single task repetitively, and the Epsilons not being able to...

Words: 423 - Pages: 2

Premium Essay

Escapism In Brave New World

...In the world of Brave New World by Aldous Huxley, everyone is happy, society is stable and peaceful, and the world seems like a utopia. Every person enjoys life and faces no problems or deals with hardships. In reality, the civilization is stable, but only because everyone chooses not to deal with their problems and escapes multiple displeasures through different means. Happiness is prioritized over everything else and everyone chooses to remain happy instead of facing truth or other conflicts. The civilization in Brave New World thus, is more dystopian than utopian. The major detrimental effects of this society are its use of escapism as an everyday application, and how that it deteriorates the psychology of each person. The detrimental effects of this society apply to the real world....

Words: 1655 - Pages: 7

Premium Essay

Brave New World Term

...Brave New World by Aldous Huxley May 2012 Brave New World Brave New World idolizes the perfect future. This utopia seems infallible, but the pieces do not fit together. In this world, people take the easy way out, avoiding pain, and have a way of thinking that is not compatible with human nature. Life, altogether, has no meaning. There is nothing worth living for; no family, loved ones, or even God. Is this truly utopia? In fact, it is a chaotic society in which everyone thinks they are happy. At first inspection, it seems perfect in many ways: it is carefree, problem free and depression free.  All aspects of the population are controlled: number, social class, and intellectual ability are all carefully regulated. Even history is controlled and rewritten to meet the needs of the party. Stability must be maintained at all costs. In this dystopian novel, Brave New World, presents a horrifying view of a possible future in which society has become a prisoner of the very technology it hoped would save us.  In Brave New World Huxley's distortion of technology, religion, and family values, is much more effective than his use of literary realism found in his depiction of a savage reservation. Through his use of distortion Huxley tells a classic tale with the theme of, be careful what you wish for because it may not truly be what you wanted.           Huxley effectively uses distortion in Brave New World through his depiction of social values of the future. For example, when...

Words: 1328 - Pages: 6

Premium Essay

Brave New World Comparison

...Brave New World In Contrast to Aging in the Future The book “Brave New World” brought up many points about the future, and aging. The book is in the Utopia setting where everyone is the same, and robot-like, they take soma to stay happy and emotionally incapable. People do not age, they do not have emotions or feelings either, they are all the same. Comparing to the real world, we do age, we do have emotions, and we do care about others. In Brave New World everyone lives forever because of the medications they take. The question for today is, how long are we going to live in the future? It all depends on medical advances, and technological advances. Some people believe we are going to live longer as the years go on. Some believe that medicines or life styles may decrease our life expectancy. I believe that in the very far future we may end up like Brave New World, taking medications or other modifications to help our bodies live longer. I believe that we will advance medically in the near future, but we will not be advancing rapidly enough to be able to find a medication that everyone in society is going to take. It is far-fetched...

Words: 1655 - Pages: 7