...thought about the kids who benefit from penny drives? If you have then you know how important pennies are. One reason that the penny should stay in use is that the help charities. Also, they keep prices low. But, a lot of people think they’re useless. These reasons prove that the U.S. should keep the penny. One reason that the penny should stay in use in the because they keep prices low. One example is the supporters of the penny point out that if the U.S. stops using the penny cash transactions will have to be rounded up to the nearest nickel. This would make people pay more than what they would have if we have the penny. Also, prices show that if cash sales get rounded up to the nearest nickel, that would cost consumers more than $600,000 a year. According to the “Federal Reserve Bank,” low-income Americans are more likely to pay with cash. They would be hit hard if prices were rounded up to the nearest nickel. This reason is why pennies keep prices low. But, there are other reasons that the U.S. should keep the penny....
Words: 429 - Pages: 2
...Saving The Penny One Cent At A Time Imagine living in a world without out pennies; it just doesn’t make sense! We should save the penny from extinction. This statement is true because the penny is important to our country's history. Some people also think that riding the United States of pennies will affect charities. Lastly, getting rid of the penny would make the United States currency even more complicated. Let’s start by discussing the problem for charities. First, many people are more willing go give their pennies because they don’t believe they are worth much. It is true that one penny alone isn’t a great amount of money, but when you add pennies together they can equal dollars. In The Penny Debate: Do Pennies Make Sense Josh Sanburn...
Words: 462 - Pages: 2
...Many people of America want to get rid of the penny as we know it, but most people want to keep the penny for many reasons. Think about it. If we didn’t have the penny, what would happen when you needed one more cent when you are checking out from the grocery store? We should keep the American penny for as long as we can. First off, let’s talk about the charities. Many charities are built on pennies and pennies alone! If we take penny away from our society, most of these foundations will be no more! For example, the epilepsy foundation has a campaign that you can give your spare change to. Do we really want to take these foundations away? Secondly, most if not almost all of our American society believes we should keep the penny for a variety...
Words: 336 - Pages: 2
...The penny should definitely continue to be used in the United States. Eliminating the penny would be a bad choice because pennies can easily be given to charity, when people have too many to carry. Also, if we eliminate the penny there would be inflation, many Americans are attached to the penny and wouldn't want our currencies to change because the history we have with the penny in the United States. If we stop using the penny there will be inflation. Money wise, it is a bad idea to stop making the penny. Eliminating the coin could cost consumers up to 600 million dollars a year. Without the penny, prices would have to be raised or lowered to the nearest five cents, rounding could never be done fairly. Either the business is losing money,...
Words: 412 - Pages: 2
...or 15% of the company so she can just keep on eye on everything. My point is case study #2 is too easy. Instead of Mexicans I work specifically with Navajos and have been taught years ago a fraction of the Navajo language. So I have decided to push the boundaries of my management knowledge. In case study #1 I will try to open my mind in Penny’s situation to diversity, teamwork and the communication challenges I believe I will have to face in my near future. Question #1 (Discuss the case study in terms of diversity issues): This is a very great question because in today's economy the world is becoming more and more global. Penny will be working for, working with, and serving people from all walks of life as you said in the Leadership Focus 11. For Penny diversity will both be enriching and challenging. The first diversity issue in case #1 is “Penny is a professional, friendly, and attractive and has a very positive relationship with the members of upper management on the property...
Words: 2159 - Pages: 9
...Introduction The country in which JC Penny does not currently do business is Iran. There are many reasons why business is not currently done in that country. This paper will cover Iran's financial perspective and business environment. It will also cover if JC Penny should venture out on its own or if it should merge with an existing Iranian company, upon choosing to do business there. Lastly it will cover risks, and payment plans if they were to go thru with the expansion into Iran. The country’s fundamental business environment from a financial perspective JC Penny is not currently doing business in Iran and for good reasons. Of all the countries in the world, the United States has the most abundant of international sanctions that prohibit or restrict business with Iran (Risk of tougher sanctions rises for businesses, 2007). Although it may be possible to conduct business in Iran, it will be difficult for JC Penny to do business in Iran. “Although most activities are not covered by sanctions, beyond a few key sectors such as energy, many banks, [sic] have been reluctant to become too exposed to the country in case tougher measures are imposed” (“Risk of tougher sanctions rises for businesses,” 2007, para. 1). The Obama administration presses allied governments and persuades corporate officials not to invest in Iran (Becker, J. & Nixon, R., 2010). Providing JC Penny negotiates the legal hurdles required to do business in Iran, JC Penny’s apparel is not what most Iranians...
Words: 1132 - Pages: 5
...cent coin, the penny. A small value coin almost worthless to the world of goods, but rings up a price when producing one. It costs twice as much as itself to make, and four billion of them are created a year. The US government dances around this problem and should have eliminate them back in 2006 when people were melting the copper and selling it for profit. This paper states several topics of why the penny only causes harm to US citizens and the economy. The obvious solution to fix a problem like this, simply abolish the penny as US currency, and round all cash transactions to the nearest fifth cent. Death of the Penny: The Elimination of America’s One Cent Coin and its Impact on The United States Economy “I will seriously consider eliminating the penny as long as we find another place for Lincoln to land,” the support of abolishing the penny from the most powerful man in America; President, Barack Obama. For over a hundred years people have paid for everyday goods with change, or coins. As inflation in the America rises, the value of coins diminishes. (Inflation Figures). Take the penny for example; commonly known as the copper coin has hardly any copper to it. Created with ninety-seven percent zinc and only two and a half percent copper, the penny doesn’t truly stand up to its expectations. Based on the 2011 Annual Report for US Mints, the cost to make a single penny runs around 2.41 cents. Studies have shown if the penny may be dropped...
Words: 3726 - Pages: 15
...For this experiment, you will need the following materials: 4 lemons or potatoes 4 galvanized nails 4 U. S. copper pennies (minted before 1982 due to the change in copper content) or 4 copper wires an LED light a knife 5 alligator test leads 3.)Using the knife, slice a penny-sized slit on the right side of your lemon. Push the penny far into the lemon, leaving a small area to hook your alligator jumper to. This will be your positive terminal. Now, create the negative terminal for your battery. Stick one of the galvanized nails into the left side of the lemon, about 2 inches away from the penny. It is important to have the nail and penny separated. If they touch, it will cause a short. Repeat this process until you have 4 complete batteries....
Words: 310 - Pages: 2
...Target vs JC Penny Financial Statements Salencia Johnson Finance 350 01/19/2013 The two companies that I will compare are Target and JC Penny. When most people think of target they think of a large retail store where you are able to purchase a variety of things anywhere from home goods and décor, clothing for your family to groceries at a discounted rate. All of those things are true however those are not the only things that generate revenue for the company. Target also has a credit card segment which offers credit cards to qualified guest through their branded proprietary credit cards, the target visa and the target card. Additionally they offer a proprietary branded Target debit card. Together those different cards create a bond between the guests driving sales and contribute to the results of operations. Target’s key to their ongoing success is effective inventory management. Target utilizes various techniques such as demand forecasting and planning and various forms of replenishment management. Target achieves effective inventory management by being in-stock in core product offerings, maintaining a positive vending relationships and carefully planning inventory levels for seasonal and apparel items to minimize markdowns. In the retail segment target’s competition is with traditional and off-price general merchandise retailers, internet retailers, wholesale clubs, category specific retailers, drug stores, supermarkets and other forms of retail commerce...
Words: 742 - Pages: 3
...TRADING STOCKS Stock trading has become one of the most popular and efficient ways to make money since it is easy to access and it could bring a lot of money back to investors. With some extra money, anyone can purchase stocks from a company or corporation and make profit. A stock is basically a type of security that signifies ownership in a corporation and represents a claim on part of the corporation’s assets and earnings. There are two main types of stock: common and preferred. Common stock usually entitles the owner to vote at shareholders' meetings and to receive dividends. Preferred stock generally does not have voting rights, but has a higher claim on assets and earnings than the common shares. Owning a stock means that a stockholder (person that owns the stock) has a claim to a part of the corporation’s assets and earnings. We could say that shareholders are owners of a corporation. Ownership is determined by the number of shares a person owns relative to the number of outstanding shares. The higher number of stocks a person owns, the more benefit he/she will get. People that purchase stocks would have the following advantages and disadvantages: Advantages: -They would be able to gain a large amount of money -The potential loss from stock purchases with cash is limited to the amount of the initial investment. -Stocks offer limited legal liability -Most stocks are very liquid (they can be bought and sold quickly at a fair price) -Investment diversification (purchasing...
Words: 2827 - Pages: 12
...J.C. Penny (a U.S. retailer) provided Synergy (a Hong Kong corporation with offices in the United States) with specifications for pants that J.C. Penny wished to buy. Synergy arranged to have the China National Textiles Import and Export corporation (Chinatex) manufacture a sample production pant. After seeing the sample, J.C. Penny ordered pants from Synergy at a price of $123.48 per dozen. Synergy contracted with Chinatex to fill the J.C. Penny order and then attempted to enter the merchandise into the United States at $58.00 per dozen, the price Synergy had paid to Chinatex in their arm's length contract. Customs rejected this attempted entry and valued the pants at $123.48 per dozen. (A) In general, what is transaction value and why is it important? Transaction value is essentially the price actually paid or payable for goods imported into a country plus any additional elements which include; a. Packing costs incurred by the buyer b. Selling commissions paid by the buyer c. Value of any assists d. Royalty or license fees the buyer is required to pay as a condition of sale e. Any proceeds of subsequent resale, disposal, or use of goods that accrues to the seller Minus any charges incurred because of the following categories – a. Freight Fees b. Insurance Charges c. Construction and assembly expenses incurred after importation d. Customs duties and federal taxes e. Buying commissions f. Any bona fide finance charges The additional costs are added to the price paid or payable...
Words: 666 - Pages: 3
...Electrical Energy From Starfruit (Averrhoa bilimbi) A resident in the village of Nguntoronadi, District Nguntoronadi, Magetan, East Java, Indonesia, Sunarto (40), capable of creating electrical energy from the basic ingredients of the aqueous solution starfruit."Development of electric power from the solution of this starfruit, originated from the concern that electricity tariffs will continue to rise. Moreover, Indonesia is still a lot of people in remote areas untouched electricity," said the creator of the electrical energy of starfruit, Sunarto, Tuesday (13 / 07).Starfruit that thrives in the yard of his home, his magic into the decomposing substance capable of producing alternative power, amid complaints of residents will increase electricity tariff (TDL) since early July.He explains, to create electrical energy, the first star fruit commonly used as a vegetable is mashed to take water. Next, using soil media placed in a glass of mineral water is used, water is injected star fruit taste.Furthermore, each cup containing soil mixed with star fruit juice was associated with a series of copper wire and zinc plate, the electric current to flow.The result, electrical energy is created with a sizable voltage, ie up to 5 volts, enough to turn on the lights. The resulting voltage is also greater than the voltage of the battery stone fruit.According to him, electrical energy is created by starfruit has a high acidity level to be able to conduct ions and electrons are there on a...
Words: 2943 - Pages: 12
...Psychology (Memory) - Forgetting Definition: forgetting mean failure at anytime to recall an experience, when attempting to do, or to perform an action previously learned. Many Psychologists are interest in process by which forgetting take place, the researcher who found this field was Hermann ebbinghaus (1850-1909), he invented a lot of claptrap syllable in order to access a pure learning, one is the rate at which we forget. He used little or no meaning material because he knew learning new information is subjective by what we already know, therefore he decided to create a learning situation that were free of past knowledge. The way we forget stuff is highly predictable, when we gain some new information or knowledge, the forgetting take place right away. Ebbinghaus found that he forgot significant amount of the information within 20minutes, almost half of the useless information was forget ton in an hour, and almost two third of the information was forgotten by the end of the day. In 1973 Yarn ell and lynch took this experiment further by experimenting football player immediately after the injury and after twenty minutes of injury. They discovered that immediately after the injury the player remembered what strategy they and their team player were using but after twenty minutes they could not remember anything about the strategy; it completely disappeared from their memory. This may be because of damage also known as amnesia. Psychologist Hermann Ebbinghaus was also one...
Words: 2020 - Pages: 9
...... 3. vælg denne form for indledning Being young is about a lot of things, mostly it is the age where you have the opportunities to fulfil your dreams - and have the courage to do it. A lot of people do not realize this until it is too late, Ray Drower is one of them. He had so many dreams but he never realized any of them and when his teen-age daughter meets a young man, Andy, Who lives his life exactly the way he wants it, Ray has a lot of regrets. In what follows I shall characterize Ray Drower and also look at Andy, his ways of behaving, and why Ray likes him. 4. In my class we have been given the short story “A Dash for freedom” and now I am to answer two questions out of four. It was a hard decision for me to take, ut I have made a choice. In the following I would like to write about question b. about Andy and what Ray thinks of him and question c. where I have to explain and comment on Eleanor’s reaction to Penny and Andy’s relationship....
Words: 957 - Pages: 4
...Chaos: A short Introduction Scientists have been coming up with theories for thousands of years now. The theories have been tried and tested have been altered and improved to better understand why certain things happen in and out of this world. Many of these theories are still in the works and our not fully comprehendible and scientists have been working hard to achieve breakthroughs in these areas. One such theory has achieved several breakthroughs within the past couple of years and that theory is called Chaos Theory. This theory first started out mainly as a sort of fictitious happening only read about in novels until lately when scientist have discovered that this theory may have more effect than previously deliberated. In Leonard Smith’s book, “Chaos: A Very Short Introduction” he gives an understandable account of what the Chaos Theory is and how it affects the environment around us. Leonard explains to the reader how the Chaos Theory works through mathematical diagrams, models, and simulations to show the possible results the theory could claim on the environment around us. The book is for the most part easy to understand and gives the reader a sufficient understanding even if the reader does not have a background in mathematics or science. Chaos theory first came about when scientist decided they wanted to be able to predict the future more accurately of certain events happening. The theory takes a look at the initial beginning of a system and tries to determine...
Words: 1845 - Pages: 8
