...vacation. Funny, huh? I had a two months period with NO school, NO to-do’s and NONE of the normal activities, which take my time. But somehow I still managed to stuff so many plans into my two months of break, that I was completely exhausted, when I finally went back to school. Of some reason I could not overcome the challenge of spending time on doing nothing, doing nothing at all. I failed. Badly. What is wrong with me? The funny thing is that when I came back to “civilization” after being away for such a long time, most of my friends had had the same problem. Apparently we, humans of the Western Europe, are exceptionally great at larding our time off with everything else than sitting in a couch and just stare. Why is that? Are we afraid of being inactive and nonsocial? What is it in us that simply demand us to have plans, being on the road and not prioritize some “Home-Alone-Time”? Well, I know that there are different personalities, different people and different needs. I, myself, am very extrovert, so I love having plans. I am feeling the best, when I am around people. But the amounts of plans I and many others have in their breaks are frightening. Why can we just not let our normal, stressed ordinary days take a rest, and do the same with ourselves? Of course, it is often great and awesome plans we have, I get it. But still… The funny thing is that when I came back to “civilization” after being away for such a long time, most of my friends had had the same problem. Apparently...
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...to the next step of planning, expanding the business and earning profit for themselves. If budgeting or planning doesn’t exist in management, there is a risk on business spending more money than earning it, in other words, not spending enough money to expand the business and stay on competitive level. Budgeting is also helpful in planning the years ahead. For example if a company are planning to purchase a new product, budgeting may help to decide whether how much money are needed to spend. All these planning takes time and money, so budgeting is a key component here by acting as a timetable on when the money is needed, how much amount is needed and what results to expect as the money and effort have been use on whether the company is making any profit. Budgeting is an important planning tool, as other planning strategy such as marketing expenditures or salary levels failure to compromise it will affect the company planning term. So every decision must be well plan and decide to meet the objectives in order for the company to be successful. A budget also helps to keep track on the business whether the company is earning profit and making any necessary changes if needed. If a new business doesn’t make profit within a couple of year or more then it is suggested to close up the business or start to plan any new strategy that will allow a business turnaround by earning money rather than losing money. Starting a business and can’t expect to have income within a short period...
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...Earlier this year we began our “No Customer Escapes” initiative. This project is to be our best customer service tool to date. We have designed this program to not only retain our customers but bring them back more often spending greater dollars. We are doing this by rewarding our customers, the more they spend, the greater their rewards. This project took us a total of 4 months. It was tough to do, but we stayed on our time line and rolled out our pilot on October 15th. This did cause us to go over budget, however, the money that was spent was worth it. We developed a program that exceeded the initial ideas, not only do our customers get rewards when they shop in our stores, but they also get rewards when they shop at our website. For this project, not only did we implement the ability of each of our customers spending to be tracked, categorized and given rewards points accordingly, we also implemented a way to track our customers web purchases and give them rewards there. In addition, we also developed a way to give our customers printed coupons to use in our stores as part of their rewards. We have this program live in our Irvine stores currently, and we are seeing much success with it so far. Once we are done with this initial limited rollout, and the results are reviewed, we will be rolling this program out company wide. On this project we had a very talented team working on it. Each of them brought something unique to the table that was an asset to this...
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...Wednesday, September 16, 2015 Ms. ________ CFO Office of University Finance, Florida International University, Miami, FL 33199 Subject: IMPLEMENTATION OF BUDGET STABILIZATION PLAN TO REDUCE FIU COSTS This letter is to inform all students, staff, administrators, and faculty members of the measures taken to overcome difficulties with the current budget. Despite to our efforts in reducing FIU financial costs, our revenues decreased by 20% compared to last year. Based on close analysis of our budget situation, we are not receiving enough funds from the state, we are spending more than our budget allows, and our tuition costs are lower than other similar educational institutions. We decided to create a strategy for the fiscal year 2016 to stabilize the budget situation. This strategy encapsulates five plans; the first two will be implemented on the summer 2015 while the remaining three plans will be applied starting January 2016. The strategy context will be as follows: * Increase tuition cost and fees by 6.5% to adjust inflation. * Frozen salaries for both faculty and staff for the next eighteen months. * Reducing spending for the fiscal year 2015 by 12%. * Request financial assistance from nonprofit organizations and the government. * Increase endowment by 10% for the fiscal year 2015 and an additional 15% for the following year. We hope that with these difficult actions our budget can be under control in the next two years while preserving...
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...to the next step of planning, expanding the business and earning profit for themselves. If budgeting or planning doesn’t exist in management, there is a risk on business spending more money than earning it, in other words, not spending enough money to expand the business and stay on competitive level. Budgeting is also helpful in planning the years ahead. For example if a company are planning to purchase a new product, budgeting may help to decide whether how much money are needed to spend. All these planning takes time and money, so budgeting is a key component here by acting as a timetable on when the money is needed, how much amount is needed and what results to expect as the money and effort have been use on whether the company is making any profit. Budgeting is an important planning tool, as other planning strategy such as marketing expenditures or salary levels failure to compromise it will affect the company planning term. So every decision must be well plan and decide to meet the objectives in order for the company to be successful. A budget also helps to keep track on the business whether the company is earning profit and making any necessary changes if needed. If a new business doesn’t make profit within a couple of year or more then it is suggested to close up the business or start to plan any new strategy that will allow a business turnaround by earning money rather than losing money. Starting a business and can’t expect to have income within a short period...
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...“business cycle.” The business cycle consists of four phases: expansion, peak, contraction, and trough. Expansion: Expansion is an acceleration of the pace of economic activity. Peak: Peak is the point in which the business cycle takes an upward turn. Contraction: Contraction is the opposite of expansion in where the pace of economic activity has slowed down. If a contraction is severe, it is a recession. Trough: Trough is the lower turning point in the business cycle where a contraction turns into an expansion. A deep trough is also known as a depression. The fiscal policy is used to control spending, which will then influence the level and quality of the gross domestic product. The fiscal policy is used to control demand in an economy but can also affect the supply side by providing incentives to work and investment. Fiscal policy is calculated by taxation and government spending. The governing bodies can place in service a number of taxation actions to control aggregate demand, or...
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...Ask an American citizen about the financial status of the U.S. government. He or she would most likely have an awareness of the current debt crisis that afflicts our nation’s government, once thought to be impervious to economic decline. Fewer, however, would be aware of the extent to which the U.S. government bears financial burdens and the ways that the debt crisis impacts us as individuals. Overdraft, a documentary directed by Scott Galloway and sponsored by the Travelers Institute, seeks to explain how government spending shapes our wellbeing and provides potential solutions for reducing the national debt. The propositions offered in this movie prompt Americans to consider the ways that they can enact change to prevent the debt crisis from worsening. According to Overdraft, our current national debt amounts to over $14 trillion, and on our current fiscal path, this total will steadily increase. Several factors are responsible for producing this debt, including unpaid tax cuts, two expensive wars, and the recent economic downturn, which resulted in “the lowest revenues… and highest expenditures as a share of our national income in the past sixty years” (Overdraft). Our government’s lack of foresight in managing the national budget is not solely responsible for the current state of affairs, however. In fact, the recession of 2007-2009 was primarily a product of the collapse of the housing economy, the participants of which include the majority of middle class Americans...
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...AFM Assignment Question 2 Budgeting is a helpful budget worksheet that help you categorize your expenses and track your income and spending and hence, one can plan well for future monetary expenditure. Flexibility and inflexibility are key elements to successful budgeting and it can also act as a mean to estimate monthly expenses based on previous bills. Flexibility is not a fixed amount of budget. It is a good solution because when the company faces unexpected events , the money allocated for one purpose can be reallocated. On the other hand , inflexibility is having a specific amount of budget. It can be considered as a poor solution for companies as emergencies changes will not prioritized. In this modern and technological era, there are softwares that can help people carry out their budget planning. Firstly, it is important to make mental and physical note on your current expenses and then think critically on every penny that is spent. Next, one has to create the budget for the current month observing the expenses done in the previous step. Lastly, proper plans on how to spend need to be made with the help of online planning budget and it can help in the business as well as for the family expenses. There are two budgeting terms. One is long term budgeting other one is short term budgeting. Long term budgeting is looking at the future in order to know what the market needs.Short-term budgeting involves making budgets that is short-term, such as inventory...
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...Reserve will try to contain inflation without triggering a recession. According to an advance estimate made by the commerce department economic activity slowed as a result of builders putting up fewer homes and consumers cutting on spending. Economists explain that slowing growth and rising prices will continue to complicate Fed’s task of deciding what level of interest rates is high enough to contain inflation. However, it’s not so high to slay out economic growth. Between April and June inflation grew at a rate of 2.5% whereas the core personal consumption index rose at an annualized rate of 2.9% in the second quarter. More so the level of worker’s wages and benefits rose at 3.6%. Once the Friday report was released investors took up the vision that Fed would be more likely give the economy a break by holding the interests steadily at 5.25%. This report confirmed the predictions of the economists that cooling house market as well as the consumer spending will take a bite out of economic growth. However, some economists had the hopes that business investment as well as improving the foreign trade would offset declines in spending and construction. This only came partially. A different report indicated that people may not be inclined to cut spending sharply. Another economist noted that the gap that existed between the wealthiest third and the poorest third consumers reached its widest pint in 20 years. According to a research conducted by the commercial department the rate...
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...service costs money; therefore a nation’s economy - and the spending of that money - works to shape the sociological core of that nation. But how should that money be spent? One can argue that education spending is important to a nation’s well-being. During the 19th century US President James Garfield commented that “next in importance to freedom and justice is popular education, without which neither freedom nor justice can be permanently maintained” (as cited in McPherson, 1912, p.192). One way in which a nation’s value for the importance of education can be quantified is by examining the public spending on education as a total percentage of government spending. In this paper, I will review education spending as a social indicator for three distinct, geographically diverse, and very financially disparate nations: Oman, Georgia, and the Republic of Congo. The social indicator that is education spending greatly affects other social factors; I argue that it is a foundation piece of a great country, and that without national support for education, overall quality of life is diminished. What defines public spending on education? The World Bank clearly describes it as “public expenditure on education includes government spending on educational institutions (both public and private), education administration, and transfers/subsidies for private entities (students/households and other privates entities).”1 Education spending is not only governmental monies, it also includes items like...
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...the war period. By 1945 $140 billion was held in private savings. These savings were used after the war to boost consumer spending. After the war the US economy grew as there was little damage to mainland USA and thus no money was spent on reconstructing factories, houses and public infrastructure as had to be done across the UK and mainland Europe. Due to the damage caused to Europe there was a large increase in US exports to Europe as European countries were unable to manufacture goods whilst they rebuilt their factories and infrastructure. The Marshall Plan was a programme for European recovery which gave European countries money to their economies. It is widely thought that the US did this partly for their own benefit. They knew that with this money European countries would buy goods from US factories as they needed to rebuild their factories, this would mean that jobs would be created as there was higher demand for goods. Investment in advancing technology would occur and more tax could be collected from those employed. This all contributed to the increase in the economy. Finally, after World War II the US increased their spending on defence out of fear of communism spreading from Russia. There were large amounts of money spent by the US government on research and development on new weapons and technological advancement. Around 60% of federal spending between 1945 and 1970 was on the...
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...to the next step of planning, expanding the business and earning profit for themselves. If budgeting or planning doesn’t exist in management, there is a risk on business spending more money than earning it, in other words, not spending enough money to expand the business and stay on competitive level. Budgeting is also helpful in planning the years ahead. For example if a company are planning to purchase a new product, budgeting may help to decide whether how much money are needed to spend. All these planning takes time and money, so budgeting is a key component here by acting as a timetable on when the money is needed, how much amount is needed and what results to expect as the money and effort have been use on whether the company is making any profit. Budgeting is an important planning tool, as other planning strategy such as marketing expenditures or salary levels failure to compromise it will affect the company planning term. So every decision must be well plan and decide to meet the objectives in order for the company to be successful. A budget also helps to keep track on the business whether the company is earning profit and making any necessary changes if needed. If a new business doesn’t make profit within a couple of year or more then it is suggested to close up the business or start to plan any new strategy that will allow a business turnaround by earning money rather than losing money. Starting a business and can’t expect to have income within a short period...
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...Captain Jack Sparrow in Pirates of the Caribbean: "True enough, this compass does not point north." "...Where does it point?" "It points to the thing you want most in this world.” “If everyone is thinking alike, then no one is thinking.” Saskatchewan as a Player in the Global Resources Market in 2014 Jean-Pierre Colin Capital Markets Strategies JPColin@Sympatico.Ca Mobile: 416-573-4300 2 Synopsis Jean-Pierre Colin draws from his 34 years of experience and wisdom as an investment banker and mining executive to outline criteria for success for mining companies. He also discusses how junior mining company executives in Saskatchewan must “think differently” because: seemingly small decisions by management can affect corporate survival in these times of crisis in the financial markets the new sources of capital that have emerged in the last decade impose important changes in corporate strategy the mining industry in Saskatchewan as a group must promote innovative initiatives to enhance it’s continued importance in the provincial economy. IF EVERYONE IS THINKING ALIKE, THEN NO ONE IS THINKING 3 Survival of an Industry Charles Darwin: “It is not the strongest of the species that survive, nor the most intelligent, but the one most responsive to change.” Is this a down cycle or a fundamental and permanent shift in capital markets? For how long? What will make it revert? Who will survive? IF EVERYONE IS THINKING ALIKE...
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...projects to raise, and an even farther cry from the P60.63-billion goal originally proposed by the Department of Finance. Senator Drilon’s substitute bill features an expected excise tax collection of P40 billion to P45 billion in the first year. Congress will adjourn for the holidays in six weeks, and there will be just three weeks of sessions next year before our legislators switch to campaign mode for the 2013 elections. Moreover, the Senate is also scheduled to begin deliberations on the proposed 2013 General Appropriations Act by next week. Thus, the need for the Senate to act and move the sin tax bill forward gains even greater urgency. Certainly, the passage of the sin tax bill has the full backing of the Aquino administration, which plans to use the revenue from the revised sin tax system to advance the government’s universal health care agenda. The campaign has garnered strong public support as well, particularly from the medical and health community. Last May, the Makati Business Club submitted its position to the House ways and means committee on the pending sin tax bill. In its statement “Tax Reform for a Healthier and Competitive Society,” the MBC said it “welcomes the initiative to reform excise taxes on tobacco and alcohol products, which would allow the government to optimize its revenue potential and create a strong disincentive for excessive tobacco and...
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... You can say that there is too much money circulating. This makes a country’s currency weak. But if a country’s economy is in the opposite direction like in an economic contraction, they are trying to reduce inflation by contracting the money supply and raising interests. Again, if this is done in too much in this direction, the country will go in to a recession and possibly a depression (take a look at the United States economy today). When a country falls into a recession, this brings higher unemployment. This is caused by products and/or services not being in high demand as much as it was a few years ago. As the demand lowers, so do wages and people possibly lose their jobs. When this affect happens, this also lowers consumer spending of major items...
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