...and Dena are married, both under the age of 50, with two dependent children, and working for Daisy Inc., what options would be available to them if there was no retirement plan in place by the company? Many firms typically offer plans Qualified Pension and Profit-Sharing Plans that include 401(k) plans and stock bonus plans; however this is not the case for James and Dena. Here, this couple would need to consider Individual Retirement Accounts (IRAs). These fall under the main categories of Traditional IRAs (where there are fully deductible IRA contributions for the amounts being the lesser of $5,000 or earned income- the amount of $6,000 is not applicable to this couple due to their age), or ROTH IRAs , also known as “back loaded IRA” ( where the tax benefits are not received at the beginning of the IRA, but are realized at the end). It is generally suggested that persons go ahead with ROTH IRAs rather than Traditional IRAs as there are more benefits to be had. While James’ Traditional IRAs would grow tax-deferred, (he would not pay taxes on contributions until withdrawn, at retirement), with ROTH IRAs James would not get a tax deduction when he would make a contribution to a Roth IRA, but earnings are always to be tax-free. Regarding which choice would be better, if one does qualify for both, article “Individual Retirement Accounts” states that “the biggest determining factor is whether it is to your benefit to take a deduction now and pay taxes later when you withdraw the...
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...The Two Sides of the Family Business The Two Sides of the Family Business Many people may think it would be wonderful to run their own business. They can imagine the freedom of being their own boss, making the decisions in the day to day running of their company, and keeping the profits for themselves instead of spending their blood, sweat, and tears for someone else’s benefit. And if this was a family business? That can make it seem even more attractive. Working with loved ones, sharing in the fruits of your labors together. But this can be a very romantic notion, especially when we look to business outside of the United States. It is true that being part of a family business can have the advantages as stated above, but it also comes with its own list of hardships that may not be suffered by a non-family run company. There can be many pros and cons to both types of businesses, and with that means different types of strategies to overcome individual obstacles. This takes looking at both types of companies from the outside with an objective eye and seeing what the advantages of each are as well as the pitfalls. In the United States it can be decidedly easier to start up a business than in other countries. We have more access to capital than many other places, as well as things such as crowd funding, or even just working and putting money aside until we have enough funds for a startup. This however is often not the case in more disadvantaged areas, particularly in African...
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...stayed true to its core customer base. Its product focuses on quality. Brand Loyalty Older working class, blue collar Effective marketing Sales team - "Grass roots" marketing 70% consumed at home higher alcohol % Since 1925, this traditional and regional family owned brewery has cultivated its brand loyalty by sticking to its core customer base, offering to them an attractive product and offering them a brand building product with great price, tradition, local authenticity, quality, and a unique taste. MMBC is different from its competitors because of its history, its status as an independent, non-corporate and family owned regional based brewery giving it the originality desired by its core consumers. 2. What is distinctive about MMBC's products? Mountain Man Lager is produced by an independent family owned brewery producing a lager with a distinct bitter flavor. Its lager has a higher alcohol content than its competitors. It is a regional favorite. 3. What is distinctive about MMBC's customers? Mountain Man Brewing Company has a main customer base that consists of blue-collar working class males ages 45-54. The consumer of the lager are brand loyal. 4. How is MMBC's promotion different and effective? Traditional advertising was not used to promote its products instead the company focused on grass roots marketing as a means of advertising the brand. By using this method the brand focused on local marketing activities thus making the brand more personable...
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...Don’t Ask Don’t Tell: Repeal or Not Repeal Up to now, the White House has focused on an aggressive effort to socialize our economy through the bailout of the auto industry, institution of the cap-and-trade system, various stimulus and bailout programs, and a takeover of the healthcare sector. (Bedey) Although these topics are still relevant, recently the motion to repeal “Don’t Ask Don’t Tell” has become one of the most talked about subjects. Before we get into debate, one must know the basic principles of the policy and its history of origin. “Don’t Ask, Don’t Tell, Don’t Pursue, Don’t Harass” (DADTDPDH or DADT for short) is a ban on lesbians, gays and bisexuals serving in the military. DADT is the only law in the United States that authorizes the firing of an American for being gay. There is no other federal, state, or local law like it. DADT is the only law that punishes lesbians, gays and bisexuals for coming out. Many Americans view DADT as a simple agreement with discretion as the key to job security. While this is true to some extent, in the eyes of a homosexual service member, it may not be so simple. An honest statement of one’s sexual orientation to anyone, anywhere, at anytime will lead to being fired. (Service Members Legal Defense Network) DADT was the result of a failed effort by President Clinton to end the ban on gays in the military. The bill was a result of the brutal 1992 murder of Seaman Allen Shindler. Bill Clinton, a candidate at the time, proposed...
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...Chapter 11 – Compensation * What is total rewards * How is it different than traditional compensation * Why compensation philosophies vary by organization * Entitlement vs. performance philosophies Intrinsic vs. extrinsic rewards- Intrinsic rewards may include praise for completing a project or meeting performance objectives. Other psychological and social forms of compensation also reflect intrinsic type of rewards. Extrinsic rewards are tangible and take both monetary and nonmonetary forms. * Role of the HR unit in compensation * Internal equity * External equity * Meet/lag/lead strategies * FLSA * Exempt / nonexempt * 5 categories of exempt employees * Overtime * Training & travel time * Independent contractors * How to classify * Tax implications for employers / employees * Market pricing and pros/cons * Pay grades * Red/green circle employees * Pay adjustments (e.g. seniority) Chapter 12 – Incentives * Variable pay philosophy * How variable pay motivates employees * 3 categories of variable pay * Types of individual incentives * Gainsharing and how different from profit sharing * 3 types of commission pay plans and which is the most common * Examples of performance incentives * Why incentives should be tied to organizational goals * Pros/cons of bonuses vs. merit pay Chapter 13 – Benefits * why employers offer benefits ...
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...workers own experiences regarding challenges faced by women in their outreach activities. The data collection method used was the VoIP system that allowed the outreach workers to call a telephone number at anytime and leave a recorded message of any length during the day or night. The VoIP system allows multiple users to call in simultaneously without getting busy signals when compared to the traditional telephone and voicemail systems (Peacock, Issel, Townsell, Chapple-McGruder & Handler, 2011). The use of qualitative method for the collection of data works in sync with the VoIP system because it is used for non-numerical measurements of characteristics such as discrete characteristics of a group of individuals or objects (Elementary Statistics, 2013). The pros of using this method is that it explore more in depth and detail when compared to quantitative research, it is less expensive than quantitative research because you don’t need to recruit as many participants and it offers flexibility as far as locations and timings as it eliminates interviewing a large number of people at once. The cons of qualitative data collection method is that it cannot generalize your findings to your broader audience or the public in general and lacks the ability most times to quantify how many of your audience answer one way or another. Another data collection method is surveys and was used in a recent study to...
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...Online Education Vs. Traditional Education For many students, online classes allow them to obtain or continue their education without interrupting their daily work and family time. Even though we miss out on face to face interaction with other students, online education has many benefits such as saving money and allowing more time with family. One of the common myths about online education is that it is easier than campus-based education. This is not the case. While it’s true that the difficulty of coursework involves many factors, such as models of curriculum development, the type of course, the level of education, and the learning objectives of the course, it is also true that online education presents some unique difficulties. In particular, you must be self-motivated and very good at time management.” The history of online education extends back further than most of us may think, with the very first virtual classroom was created in the 1960s. University of Illinois scientists created a classroom system based in linked computer terminals. Students were able to access informational resources while listening to a professor whose lectures were brought in remotely, via some form of television or audio device. Online only courses began emerging in the late 1980s, with some moderate success. The concept of online education became more popular as some major corporations began using similar techniques to lower the budgets they were allowed for training with businesses using software...
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...videoconferencing, the internet, store-and-forward imaging, streaming media, and terrestrial and wireless communications. Telehealth is an expansion of telemedicine, and unlike telemedicine which more narrowly focuses on the curative aspect, it encompasses preventative, promotive and curative aspects. One of the most significant increases in telehealth usage is the home monitoring of conditions by patients. Telemedicine uses Information and Communication Technologies to overcome geographical barriers, and increase access to health care services. This is particularly beneficial for rural and underserved communities in developing countries – groups that traditionally suffer from lack of access to health care. Uses of telehealth Clinical uses | Non-clinical uses | * Transmission of medical images for diagnosis (Store and forward telehealth) | * Distance education including continuing medical education, grand rounds, and patient education | * Groups or individuals exchanging health services or education live via videoconference (Real-time telehealth) | * Administrative uses including meetings among telehealth networks, supervision, and presentations | * Transmission of medical data for diagnosis or disease management (Remote patient monitoring) | * Research on telehealth | * Advice on prevention of diseases and promotion of good health by patient monitoring and followup | * Online information and health data management | *...
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...THE HOME, THE SCHOOL AND THE COMMUNITY: HOW DO THEY COLLABORATE IN SUPPORTING THE STUDENTS’ ACADEMIC AND NON-ACADEMIC DEVELOPMENT An essay by Wan Zainira Wan Bakar Institute of Education, IIUM Introduction The home, the school and the community play important roles in ensuring the balance development of students’ academic and non-academic life. Academic is defined as "pertaining to the development of the mind" or "anything that occurs in a school" ( Simanek, 1992,1996). Non-academic here refers to other aspects than that of academic. In order to attain student as a quality human product, the three components do not function individually, rather they should interact, support and complement each other (which I will use the term collaborate). Epstein mentioned that: The way schools care about children is reflected in the way schools care about the children's families. If educators view children simply as students, they are likely to see the family as separate from the school. That is, the family is expected to do its job and leave the education of children to the schools. If educators view students as children, they are likely to see both the family and the community as partners with the school in children's education and development. Partners recognize their shared interests in and responsibilities for children, and they work together to create better programs and opportunities for students (Epstein, 1995). It is necessary to discuss the issue from the following...
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...Traditional and Nontraditional Culture Paper By PSY 450 Michele Wagner April 14, 2014 Traditional and nontraditional culture paper America versus Indian culture Around the world, there are numerous cultures that are traditional and nontraditional. Traditional cultures are rules, beliefs, values of rural and non-industrialized group in which their practice is very strict and are non-willing for any social change or innovation (Shiraev & Levy, 2010). Nontraditional cultures are grounded on more modern views and are willing for any modification mostly base on technology, science and media (Shiraev & Levy, 2010. Comparing and contrasting American and Indian cultures would facilitate to identify the traditional and nontraditional values, belief and behaviors among these two cultures Similar Values in Indian and American Cultures Despite being on opposite sides of the world, some values are shared between Indian and American culture. One similar value is the importance placed on religion or faith. While religion is more prominent in Indian culture, it is also present in American culture as it’s seen in the constant battles for keeping the name “God” in the Pledge of Allegiance, in the phrase “In God We Trust,” on American currency, and open discussion of faith. On the other hand, in India pictures and statues of deities are commonly seen, worship takes place openly, and religious expression in fashion and accessories is more prevalent. Another shared value between...
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...develop that knowledge and assist you in understanding how health care is financed and how health insurance influences patients and providers as important foundational information for your role as a future health care worker. Fill in the following matrix. Each box must contain responses between 50 and 100 words using complete sentences. Include APA citations for the content you provide. | |Origin: When was the |What kind of payment |Who pays for care? |What is the access |How does the model affect patients? |How does the model affect providers? | | |model first used? |system is used, such | |structure, such as |Include pros and cons. |Include pros and cons. | | | |as prospective, | |gatekeeper, open-access, | | | | | |retrospective, or | |and so forth? | | | | | |concurrent? | | | | | |Indemnity |Indemnity insurance is|The first service used|. With health |Access to any...
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...hardest decisions for parents is choosing education for their child. If look closely, we can find that a number of homeschooled people increase day by day. According to the National Center for Education Statistics 1.1 million people in USA are homeschooled. What makes homeschooling different and similar with public schools? There are social, personal and religious aspects of this issue that make homeschooling different from traditional schools. At the same time, we can count some similarities between them. Homeschooling ,as public school , provide students with education that they need. Teachers say that both of them use the same teaching materials and equipments. The tests and teaching materials that using in both of them are approved by American Education Society. Responsibility is one of the main requirements in education and both of them require it.. Most of families use the same curriculum that uses in public schools with some differences. In some cases they add there hobbies, their interests, trips and other additional activities . Traditional homeschooling are quite similar, however, there are a plenty of differences between them. Homeschooled students face difficulties in getting high education. Many universities require high school education which based on accepted curriculum. They consider that students that got only homeschooling do not have enough education for universities of high schools. As a result these people can not...
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...Executive Summary Barilla SpA was founded in 1875 and today is the world's largest pasta manufacturer. They produce 35% of all the pasta sold in Italy and 22% percent of what is sold in Europe. Barilla has revolutionized the pasta industry's marketing practices by creating a recognizable brand name and strong image. However, their traditional business practices are becoming increasingly inefficient and costly. Operating within a environment of large scale demand variations which have grossly inflated manufacturing, inventory, and transportation costs Giorgio Maggiali, director of Barilla's logistics department is proposing an innovative idea created by his predecessor Brando Vitali called Just-in-Time Distribution (JITD). This is a significant change from their traditional methods of distributors ordering freely and independently from Barilla. JITD requires that all members of the distribution channel share sales information and allow Barilla to order and dispense the amount of products to each distributor that they deem appropriate. This would ideally more accurately match supply with demand decreasing operational inefficiencies within the entire supply chain. The following report outlines the current issues facing Barilla and how the JITD system should improve their incumbent deficiencies. Issue(s) Identification Immediate Issue Extreme fluctuations in demand causing operational inefficiencies has Barilla looking for new options to improve. Maggiali is...
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...Linda Covarrubias Elaina Westegaard ENG-123-X1530 17 November 2015 How Are GMOs Affecting the Environment and Our Health? Food has been one of the basic needs since the birth of a person. History shows that the production of food only consisted of hunting, harvesting, and farming. During these times, it usually took a long time before these foods arrived at the dining tables of families. However, today, technology has allowed the mass production of food. Unfortunately, the market has taken advantage of technology, not letting us know how food is made, leading to the birth of Genetically Modified Organisms (GMOs). GMOs are widely used in most foods today. Though most people are unaware of this, GMOs even exist in some of their favorite food products. Many reports tell that diseases, such as E-Coli and Salmonella, have been caught from GM-foods. Furthermore, researchers and doctors believe that GMOs carry a huge risk; although, some scientists claim that GMOs are completely safe for human consumption. GMOs should be banned because they have a negative impact on human health, and potential risks on the environment. Although GMOs were only introduced in 1996, the side effects can already be seen: there have been increased allergic reactions, antibiotic resistant bacteria and other toxic hazards. While these side effects of GMOs may seem minuscule in the grand scheme of things, the lasting effects can be much more drastic. More and more children are having life-threatening allergies...
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...friends and family. His family and friends own 40% of the business while he owns the rest. Mortgage help him purchasing land in small town outside of GTA that consists of two lots on a corner in which one is used to build a store, and another one was planned for the parking lot but never executed the plan because of the surrounding activities. Local sports team account for 70% of the sales whereas 30% comes from regular walk-in customers. Problem Statement & Objectives The major problem is reducing profitability of the business and there is no proper management of the inventory, which leads to sale of inventory at discount rate. Also labor wages are also too high and reducing creditability of business lead to reduce in the trust of the business and loss of the customer due to improper inventory management. The objective is to get access to bank credit to finance high Analysis the financial health of the business and recommend the various way to get the business right on track Situation Analysis Summary The company sell retail sports product to the sport team and children’s. Also there is around 30% of walk-in customer, who help the business to manage inventory. This might not be attractive industry because buyer’s and potential entrants have high power in the market. Company strength out weight the weakness and opportunity and threats are evenly balanced. Porter’s Five Powers Buyer’s Power Buyers are 1. Local sports team 2. Charity and non profit organization ...
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