Maxs Grocery Mart- Projected Income Statement Research Paper

Maxs Grocery Mart- Projected Income Statement - Research Paper Example I have read the CQU policy on plagiarism and understand its implication. I can produce a hard copy of this assignment within 24 hours if requested. Max's Grocery Mart is a family-owned business that has been experiencing a stable growth since its inception. Mr. Leroy Feronti, the owner of the business now wants to expand the business by renovating the grocery mart building with a bank loan. To help the application for bank loan, Mr. Feronti has prepared the pro forma financial statements for three years from 2007 onwards. The data of the accounting period 2006 are taken as the base, upon which the projections for 2007, 2008 and 2009 are based. The bank has demanded to prepare Pro forma Income Statement for three years on the basis of the likely growth and other important parameters of the firm. The statements are prepared projecting the future likely growth of the firm. The growth rates estimated are 7.25, 7.75 and 8.25 annually. The projected in come statement exhibits that at 7.25% growth rate, the firm will be able to achieve $ 477175 net income. Similarly, for the year 2008 and 2009, the projected net income is $479400 and $481624 respectively. Mr. Feronti is also asked to prepare projected income statement to reflect the changes in sales at various rates. The income statement is also prepared to reflect the impact on the net income of the increase in workers hourly rate from $12 to $14 and Mr. Feronti's salary is reduced from 15% to 8% of Gross Profit. The impact of increase in the number of workers from 17 to 19 is also projected through income statement. Table of Contents Introduction 4 Discussion 5 Projected Income Statement for the Year 2007, 2008 and 2009 7 Statement Showing the Impact on Net Profit on account of 9% growth in sales 9 Statement Showing the Impact on Net Profit on account of 9.5% growth in sales 10 Statement Showing the Impact on Net Profit on account of 10% growth in sales 11 Statement Showing the Impact on Net Profit on account of 4% growth in sales 12 Statement Showing the Impact on Net Profit on account of 5% growth in sales 13 Statement Showing the Impact on Net Profit on account of 5.5% growth in sales 14 Pie Chart 16 Statement showing the impact on Net Income of the changes in employee hourly rate and Mr. Feronti's Salary 17 Statement showing the impact on Net Income of the changes in the no. of employees from 17 to 19 18 Recommendations 20 Appendix 21 Introduction Max's Grocery Mart is a family-owned business that has been experiencing a stable growth since its inception. Mr. Leroy Feronti, the owner of the business now wants to expand the business by renovating the grocery mart building with a bank loan. To finance the business expansion, Mr. Feronti has approached a bank. The bank wants Mr. Feronti to prepare Pro forma Income Statement for three years to substantiate the loan allocation as a formality. The pro forma financial statements are usually prepared in line with the likely changes in the financial affairs of a firm. Mr. Feronti prepared the statements taking into account the various changes that are likely to incur in his business. First, Income statement is prepared to reflect the growth at 7.25%, 7.75 %and 8% rates. The projected in come statement exhibits that at 7.25%

Art of The Huichol - Yarn Paintings Research Paper

Art of The Huichol - Yarn Paintings - Research Paper Example To the rest of the world they are known as huicol but in reality they are called huicol (pronounced wee-chol) or more appropriately wixaritari (pronounced wiraritari). This tribe lives in the Sierra Madre Occidental and specifically Jalisco, Nayarit, zacateas and durango. The huicol are approximately 20,000 people and have lived in the Mexican mountains for around fifteen thousand years when approximated by the ashes they used in their daily sacrifices in their worship. The huicol speak a language called uto-aztecan and have been known to have been once hunters and gatherers but now are turned to trading. This is because they live near tourist towns and do not rely on tobacco farming as before. Since the huicol are very religious and conserved they have a ritual that is called the deer-maize-peyote ritual. These rituals are intense and emotional as they consist of loud shouting’s and wailings even weeping and singing. The peyote is a plant called biologically as lophophora wil liamsi that is numerous in Mexico . This plant when ingested makes one intoxicated and sees visions in colors. These are the components that make the peyote a must ingredient in the huicol rituals and prayers. The symbolic meaning of the deer-maize –peyote ritual is unification of the huicol and the bringing back of the original huicol way of life. That is, the ritual brings together the contradictions in life like societal, historical and ideological since the deer is seen as a god and maize is spiritual.

Police Ethics and Corruption Research Paper Example | Topics and Well Written Essays - 1250 words

Police Ethics and Corruption - Research Paper Example Police misconduct and indiscipline are a common phenomenon in the daily living of the police. Police should apply the integrity, which implies that when right decisions are made, the values of the society should be taken into consideration. However, the paradox is that conflicts within the set standards can lead to the so-called noble cause corruption. The police culture Police culture refers to the way of living of the police, the tasks they do, the hard work, and their relationship with their fellow officers. The police have a culture that emphasizes acting, not introspection (Pollock, 2011). In the local or international police training, the police engage in heart-felt tasks that are at times tearful. The kind of training that the police undergo totally demeans their human dignity, especially if there is a concomitant willingness to acknowledge the struggle for treatment with respect. These trainings the police undergo instill ethical conduct of a real police to them. Among the po lice, ethical standards and respect for human rights shape with time and place (Pollock, 2011). The police have influence and constrains from the broader ethical standards and expectations of the society. Therefore, they must be realistic on the limits of a human dignity-centered approach. Other factors leading to devilment of attitudes, behaviors, and perceptions that relate to the police culture reinforces their interactions. The general view of the police culture is negative. The police believe in the blue wall of silence which makes them free of being accountable of any misconduct. The professional codes of behavior or the ethical codes of the police intend to elicit the set of desired attitudes and responses to the members of the police department. The actions undertaken by the police remind us the expectation from them, that is, to provide a common vocabulary of difficult cases (Jetmore, 2005). The police reinforce and share values and militate against the adverse aspects of t heir occupation and influence. The police culture has adopted the general conduct of law enforcement. Policing the community Community policing promotes the organizational strategies, which support systemic partnership and problem solving techniques that address the immediate conditions like public safety issues, crime, disorders, and the fear of crime in the communities. The policing within the community aims to support the delivery of community confidence through personal and protective policing. It provides a strategy for future protection opportunities that build the foundations of security. The community policing reflects a collaborative efforts between the police and the community. It is founded in a close mutual benefit of the police and the community members. Generally, the community policing revolves around three factors, which are partnership between the police and the community, problem-solving methods that identify and address the concern of the community, and, lastly, t he change in the management in the police organization to accommodate the increased community involvement (Pollock, 2011). The community policing originates from the time when the citizens of the United States were themselves the police. However, this has transformed, and the police have taken these security provision roles. Value-based decision-making and the ethics of noble cause Police are the basic units of

Race and class in New York Conspiracy Trials of 1741 Essay

Race and class in New York Conspiracy Trials of 1741 - Essay Example This further has led a presumption that the blacks are revolting against the whites. The main reason for this conclusion appears to be the threat perception of whites due to the fact that Black population steadily increased to make up for â€Å"one sixth of the population† by 1741 (Parrillo 45). The people allegedly involved in this purported conspiracy have mainly been blacks and poor whites. The court that heard the trials bas been biased against the black race and poor class, due to which it interpreted a case involving â€Å"common theft and arson† as an â€Å"enormous conspiracy† (Zabin 3). Thus, it transpires that racial and class supremacy of the dominant white people of higher social echelon has resulted in poor judgment and prejudice in the New York Conspiracy, due to which many blacks and some lower class white men have been executed in the aftermath of the trial. All the men involved in the alleged theft and subsequent developments have either been bla cks or white people of poor social standing. Another major member of the accused party has been a â€Å"papist priest and Spanish spy† which attributed a conspiracy angle to the episode (3). It can be evidenced from relevant sources that when the city of New York expanded, the affluent have moved away from the docks leaving it open for soldiers, sailors and the blacks to mingle and Hughson’s tavern, by virtue of its location within the close proximity of Hudson River has been ideal for catering the needs of the â€Å"transient residents as well as to the slaves† (7). During this time, the â€Å"religious revival movement† of the 1740s also becomes relevant, which has also caused bitterness among different segments of people (Parrillo 53). The 1741 winter had been very harsh and many witnesses have testified acute shortage of food and fuel but Burton as well as some other witnesses deposed that Hughson hosted â€Å"great feasts† (Zabin 9). Some stat ements even went to the extent that after the coup Hughson aspired to become â€Å"king† and John Gwin the â€Å"governor† while others pointed to the resentment about the disparity between the rich and the poor (10). Thus, the court, despite the absence of solid evidence, concluded that there indeed had been a conspiracy and executed the blacks and poor whites on racial and class prejudice. Evidence also suggests that during the trials, a â€Å"carefully calibrated† social rank system has been apparent, which determined the â€Å"authority and credibility of speeches and interactions† (11). The prevailing system in the early eighteenth century decided the social rank in terms of â€Å"gender, race and economic status† (11). Thus, it becomes obvious that the black people on the basis of race and some white men on the basis of lower economic status have been discriminated in the trials due to which the judges have awarded them the punishment of exec ution. Therefore, many believe that Horsmanden’s account, as one of the city’s elite, can only be seen as a version of the prosecution rather than a record of the actual events. Similarly, religion also has had an upper hand in Colonial America and the religious leaders also favored the higher echelons of the society rather than the poor man. In addition, a designated â€Å"civil government of its own† was absent and thus religion assumed additional power, which it could be used for favoring the elite white people (Godbeer 19). Thus, it

Conflict Management - Intrapersonal, Intergroup and Interpersonal Research Paper

Conflict Management - Intrapersonal, Intergroup and Interpersonal Types of Conflicts - Research Paper Example Organizations undergo changes due to new technological, political and social developments that affect them or due to changes in the competitive force. As people may hold a different view about the change and the future direction of an organization, conflicts may arise (Mullins). Personality Clashes: Individuals' personalities differ widely due to differences in their levels of maturity, emotional stability and their behaviour. When they do not recognize or appreciate these differences, conflicts occur. Differences in the value set: Different people have different opinions, values and beliefs. When people with contradicting values and beliefs interact with each other, conflicts are likely to occur. These conflicts are often irrational and difficult to be resolved (Newstorm). Threats to status: Most individuals associate their identity with their status in society or organizations. When an individual feels that another person's acts may harm or damage his image, which in turn may affect his status, conflict is likely to arise. Differences in Perceptions: People perceive different things, issues and their environment differently. When they act as though their perception is the only reality, without attempting to understand or accept another person's view, conflicts arise (Newstorm). Conflicts are common in all organizations and occur when people fail to arrive at a consensus regarding the organizational goals or the means to achieve them (Falletta). Organizational conflicts can be classified as follows: According to most behavioural theories, people are motivated to achieve a goal either when meeting the goal results in the satisfaction of a need, or when the incentives for achieving the goal are attractive. However, this is not as simple as it seems.

Challenging Conventional Leadership Essay Example | Topics and Well Written Essays - 1000 words

Challenging Conventional Leadership - Essay Example From this discussion it is clear that in the era of a knowledge-based economy, extensive human resources can help an organization attain significant competitive advantage and the same has been recognized by the elites of the organizations. In the meanwhile, empowerment is highly recommended as a tactic to foster employee commitment towards the organization thereby implementing changes. Such is the trait of unconventional leaders. They tend to empower rather than instruct. This suggests that enhancing an organization’s leadership capability which in turn fosters organizational commitments becomes the focal point of change management in an organization. Empirical literatures have suggested that, organizations require a modern leadership style at a time when the organization itself is going through a turbulent phase. In such a context the new leadership style has been deemed appropriate by many researchers.This paper highlights that  conventional leadership style gives more sta bility to the organization. This is precisely because they tend to go by the book and their leadership style is not reckless in nature. However, many a times it has been seen that a conventional leaders tend to overlook innovation. They are more likely to encourage activity, action and work rather than encouraging innovation, ideas and fun.  The topic as to which leadership style is more appropriate has been largely debated by many researchers throughout the world, yet a rigid conclusion has never been reached.

Marketing Challenges of Sony Company Essay Example | Topics and Well Written Essays - 3000 words

Marketing Challenges of Sony Company - Essay Example This research will begin with the statement that Sony continuously conducts product researchers making its customers constantly in wait for whatever new development it has and these activities primarily help it to be positively pushed to its competitive advantage. However, there should be other major important information that should be clearly elaborated in order to understand the prevailing challenges that the company faces. This primarily includes the various changes in the marketplace which particularly should always involve political, economic, social, technological, environmental and legal factors and more. Under political factor, it is always common to look at the government’s conservatism when it comes to dealing with business. One perfect example would be the case of privatisation. In every government, there is always a strong stand on controlling the rise of certain organisation. In Japan for instance, various organisations are faced with remarkable challenges becaus e the government is trying to protect the interest of small organisations in their respective industry. However, the ability of Sony to leverage its core competencies together with other organisation is a proof that there is always the right timing in politics. For instance, Sony’s intent to leverage its core competencies with a Swedish telecommunication company in order to beat Nokia resulted to the birth of Sony Ericsson. This joint venture is a remarkable proof that finding the right place for each organisation is needed in order to enhance its core competencies. This at some point has specifically involved the prevailing political stand of a nation which basically has great impact on the entire business process of an organisation. For instance, a government saying no to privatisation may significantly create an impact to those organisations planning to leverage their core competencies through it. This is a proven trend in the whole business industry of electronics. For in stance, every profit organisation in this industry is simply trying to be a cut above the other by reaching its competitive advantage. Competitive advantage is something that needs to be worked out because it serves as something that will enhance core competencies. The Sony Ericsson merging is an act of enhancing the core competencies of the companies involved. However, the main point is to actually consider having a high level of competitive advantage. In the same way, politics is involved in here and this is the reality, to beat the opponents and be the market leader in a specific industry. Sony Ericsson is attempting to beat Nokia and many other market leaders n the mobile phone industry. In reality, Sony is highly affected by the ever-changing trends and the market share of its competitors. Sony is a diversified company covering different market segments for its diversified products. Its diversification from purely an electronic firm reminds its potential to grow. However, all o f these are fueled by the ever-changing strategies conducted by its competitors who have certain focus in their respective industry. For example, the varying strategic moves of Nokia, Samsung, LG Electronics and Apple Incorporated triggered Sony to do more and try its best much even harder. This is due to the fact that each competing organisation tries to create their own competitive advantage in order to become the key player in its industry. Each of these competing organisations has specific core competencies that differentiate it from the other.