business math paper - 986 Words

Annuities Businesses, financial institution, and other organizations invest in annuities to raise money to pay such expenses as bond debts, notes due, or stock dividends. They also invest in annuities to provide for future needs, such as new facilities and equipment or employee retirement benefits. Individuals may purchase annuities, such as an Individual Retirement Account (IRA), or an insurance policy, from insurance companies, financial institutions, or securities brokers. nbsp;nbsp;nbsp;nbsp;nbsp;An ordinary annuity is a series of regular payments where each payment is made at the end of the payment period. The payment period is the length of time between payments. Payments are usually made annually, semiannually, quarterly,†¦show more content†¦Step 1. Find the number of compounding periods and the rate per period. Periods Compounding years x per year = Periods 10 x 2 = 20 Annual Periods Rate per rate / per year = Period 8% / 2 = 4% Step 2. Locate the table value on the Amount of an Annuity table. The table value for 20 periods at 4% is 29.77808. Step 3. Find the amount of the annuity. Payment x Table Value = Amount of Annuity $150 x 29.77808 = $4,466.71 Step 4. Find the interest earned. No. of Total payment x payments = Payments $150 x 20 = $3,000 Step 5. Amount of Annuity - Total Payment = Interest $4,466.77 - $3.000 = $1,466.71 Interest Rates and Loans nbsp;nbsp;nbsp;nbsp;nbsp;Most People have money in a savings account and wonder how to figure out the actual interest rates or the APR (annual percentage yield). To find the amount of interest you would use this formula: P (principle) x R (rate) x T (time) = I (interest) Example: $1000 x 3% x 1 year. = $30 nbsp;nbsp;nbsp;nbsp;nbsp;Interest is the fee paid for borrowing money. Most individuals or business owners pay simple interest on a short-term loan, which is usually a loan of up to 1 year. The amount of interest charged by a bank depends on three factors: 1. The amount borrowed is called the principal. 2. The length of time the money is borrowed. 3. The rate of interest charged. nbsp;nbsp;nbsp;nbsp;nbsp;The interest rate assigned to a loan may varyShow MoreRelatedEssay about Math And Owning A Restaraunt790 Words   |  4 Pages Math is an essential asset in the business world. Without mathematics businesses wouldn’t be able to operate effectively. In order to run a restaurant math plays an important role in a lot of different areas. For instance the items on the menu may change due to the way it sells. Bookkeeping and math allow you to both figures out what items are profitable and what items are selling. The business world revolves around math, from profit and loss statements, to graphs, to taxes. Everything inRead MoreRole of Mathematics in Business Economics1407 Words   |  6 PagesRole Of Mathematics in Business amp; Economics Introduction: Mathematics have been one of the primary elements of business and economics since ancient times, when farmers had to count the animals in their possession and merchants had to have a clear picture of their goods value. With the introduction of money as the universal legal tender, all goods acquired a numerical value, making math calculations even more important. Furthermore, in the competitive global market environment of today, businessesRead MoreGraduation Speech : School, Middle School And High School870 Words   |  4 Pagesthe same basic history, math, English, science, and social science course. By the time high school comes around students have already learned the same things again but only this time it is harder and more in depth. 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Well, I could only wish I was smarter in the school portion of this assessment

Gregory Jarvis, Challenger Astronaut

Gregory Bruce Jarvis was an American astronaut who brought an extensive background as an engineer to his work with NASA. He died in the Challenger disaster on January 28, 1986, on his first and only trip to space. Fast Facts: Gregory Jarvis Born: August 24, 1944 in Detroit, MichiganDied: January 28, 1986  in Cape Canaveral, FloridaParents: A. Bruce Jarvis and Lucille Ladd (divorced)Spouse: Marcia Jarboe Jarvis, married June 1968Education: B.S. degree from the State University of New York at Buffalo and M.S. degree from Northeastern University, both in electrical engineeringMilitary Career: United States Air Force 1969-73Work: Hughes Aircraft from 1973 to 1986, selected as an astronaut candidate in 1984 Early Life Gregory Bruce Jarvis was born in Detroit, Michigan, on August 24, 1944. Growing up, he was heavily involved with a variety of sports and was also a classical guitarist. His father, Greg Jarvis, and mother, Lucille Ladd, divorced when he was in college at the State University of New York. He studied electrical engineering and received his bachelors degree in 1967. He then pursued a Masters degree in Electrical Engineering at Northeastern. After graduation, he served in the Air Force for four years, attaining the rank of captain.   Work at Hughes Aircraft In 1973, Jarvis joined Hughes Aircraft Company, where he worked as an engineer on various satellite programs. Over the next few years, he served as an engineer for the MARISAT Program, which consisted of a set of maritime communications satellites. He then went on to work on communications systems for military use before joining the Advanced Program Laboratory to work on the LEASAT systems. The technology provided synchronous communications for a variety of applications. In 1984, Jarvis, along with 600 other Hughes engineers, applied to become payload specialists for NASA flights. Work With NASA Gregory Jarvis was accepted for training by NASA in 1984. He was listed as a payload specialist, a category including people trained by commercial or research institutions to do specific space shuttle flights. His main interest was the effect of weightlessness on fluids. Jarvis was put on flight status and slated to go into space in 1985. However, his place was taken by Jake Garn, a U.S. senator who wanted to fly into space. Another senator, Bill Nelson, stepped in and also wanted to fly, so Jarvis flight was postponed until 1986.   Jarvis was assigned as a payload specialist on STS-51L aboard the Challenger shuttle. It would be the 25th shuttle mission carried out by NASA and included the first teacher in space, Christa McAuliffe. Jarvis was tasked to study fluids in space, in particular, the effects on liquid-fueled rockets, as part of a fluid dynamics experiment. His specific duties were to test the reaction of satellite propellants to shuttle maneuvers. Gregory B. Jarvis during training for his shuttle mission. NASA   For 51L, Challenger carried a tracking and data relay satellite (TDRS), as well as the Spartan Halley shuttle-pointed tool for astronomy. Jarvis and the others would be responsible for their deployment, while colleague Christa McAuliffe would teach lessons from space and attend to a set of student experiments carried into space aboard the shuttle. Although not specifically in the mission plan, astronaut Ronald McNair had brought along his saxophone and had planned to play a short concert from space. The Challenger Disaster The space shuttle Challenger was destroyed in an explosion 73 seconds after launch on January 28, 1986. In addition to Gregory Jarvis, crew members Christa McAuliffe, Ron McNair, Ellison Onizuka, Judith A. Resnik, Dick Scobee, and Michael J. Smith were killed in the disaster. After Jarvis remains were recovered, he was cremated and scattered at sea by his widow, Marcia Jarboe Jarvis.  Ã‚   Personal Life Gregory Jarvis married Marcia Jarboe in 1968 after they had met in college. They were active in sports, particularly long-distance cycling. They had no children. Marcia worked as a dental assistant.   Honors and Awards Gregory Jarvis was awarded the Congressional Space Medal of Honor posthumously. There is an engineering building at the State University of New York, Buffalo, named for him, as well as a dam in New York state.   Jarvis, along with other crew members, was the subject of a film called Beyond the Stars and a documentary called For All  Mankind, dedicated to the sacrifice made by the Challenger crew. Sources â€Å"Gregory B. Jarvis.† The Astronauts Memorial Foundation, www.amfcse.org/gregory-b-jarvis.Jarvis, www.astronautix.com/j/jarvis.html.Knight, J.D. â€Å"Gregory Jarvis - Challenger Memorial on Sea and Sky.† Sea and Sky - Explore the Oceans Below and the Universe Above, www.seasky.org/space-exploration/challenger-gregory-jarvis.html.Nordheimer, Jon. â€Å"GREGORY JARVIS.† The New York Times, The New York Times, 10 Feb. 1986, www.nytimes.com/1986/02/10/us/2-space-novices-with-a-love-of-knowledge-gregory-jarvis.html.

Anime Business Plan Free Essays

Exam 2 1. How a clearly defined vision helps a business A. Vision produces direction – companies who spell out the vision for their company focus everyone’s attention on the future and detail the path a business will take B. We will write a custom essay sample on Anime Business Plan or any similar topic only for you Order Now Vision determines decision C. Vision motivates people- a clear vision excites and ignites people to action D. Vision allows for perseverance in the face of adversity. 2. Define strength, weakness, opportunity, and threats a. Strength- are positive internal factors that inhabit a company’s ability to accomplish its missions goals and objects b. Weakness- are negative internal factors that inhibit a company’s ability to accomplish its missions goals and objectives c. Opportunity’s- positive external forces that a firm can exploit to accomplish its missions goals and objectives. d. Threats- are negative external factors that inhibit a company’s ability to achieve its goals and objectives. 3. Three types of competition Direct, Significant competitors, and indirect competitors. Direct Competitors – offer the same products and services Customers often compare prices Deals among these competitors when they shop. Significant Competitors – offer some of the same services or similar products or services Product or service lines overlap but not completely. Indirect – offers same or similar products only in as small number of areas. 4. Three types of strategies- a. Cost leadership- Strives to be the low cost provider relative to its competition in the industry b. Differentiation- A Company seeks to build customer loyalty by positioning its goods or services in a unique or different way. c. Focus (niche) – a strategy in which a company selects one or more market segments, identity’s customer special needs wants interests offers them with excellent service designed to meet their needs. 5. Define complete advantage- the aggregation of factors that sets a small business apart from its comptetiors and gives it a unique position in the market segments to its competition. 6. Purpose of easibility analysis- a process to determine whether or not an idea can be transformed into a valid business. 7. Elements in 5 forces model- * Rivalry among competitors in the market(strongest force) Barraging power of suppliers to the industry, bargaining power of buyers, threat of new entrants to the industry, threats of substitute products or services. 8. Definition of business prototyping- a process in which entrepreneurs test their business models on a small scale before committing serious resources to launch a business that might not work. . Three aspects considered in financial feasibility analysis- * Primary research- information that the entrepreneur collects first hand and analyses * Secondary research- information that has already been compiled and is analyzed for use often at a very reasonable cost or sometimes even free. * Focus groups- a market research technique that involves enlisting a small number of potential customers (usually 8-120) to give an entrepurerure fed back on specific issues about a potential product or service. Or special idea it’s self. 10. Two functions of a business plan- * Guides an entrepreneur by charting the company’s future course of action and devising a strategy for success. * Provides a battery of tools – Mission statements, goals, objectives, market analyses, budgets, financial forecasts, target markets, strategy’s to help entrepreneur lead the company. 11. Most common form of business ownership- Sole proprietorship. 12. Advantages/Disadvantages of sole proprietorship Advantages Simple to create, least costly to being, profit incentive, total decision making authority, No special legal restrictions, easy to discontinue Disadvantages * Unlimited personal responsibility, limited skills capabilities, feelings of isolation, limited access to capital, lack of continuity in business. 13. Types of Corporations – * Domestic- a corporation that does business in the state it was founded in. * Foreign – a company doing business in a state other th at where it was founded. Alien – a corporation found in another country but doing business in the U. S * Closely held – a corporation whose shares are controlled by a relatively small number of people Family elatives friends Employees. * Publicly Held – A corporation who has a large number of stock holders usually traded on the stock exchange. 14. Advantagesdisadvantages of corporations- Advantages – Limited liability of stock holders, ablitlty to attract capital , ability to continue indefinitely, Transferable ownership. Disadvantages – Cost and time involved in the incorporation process, double tax, and potential for diminished managerial incentive, legal requirements and regulatory red tape, potential loss of control by founders. 15. Types of partnerships – General Partnership – Partners who share in owning a business and who have unlimited personal liability for partners dept. Limited Partnership – Partners, who make financial investments and partnership, do not take on an active role in managing a business, and whose liability is limited to amount invested. 16. Define Franchising – A system of distribution in which semi-independent business owners pay fees and royalties to a parent company in return for the right to become identified with its trademark, to sell its products or services and often to use its business format and system. 17. Benefits of Franchise – A business system that is proven , manager training and support, brand name appeal, standardized quality of gods and services, national advertising program, financial assistance, proven produces and business formats, combined buying power site selection and territory protecting, greater chance of success. 8. Three types of franchise * Trade name – involves a brand name without distributing particular products exclusively under the franchiser name * Product Distribution – Involves a franchises licensing a franchisee to sell specific products under the franchisors brand name and trademark though a selective limited distribution network. * Pure – invol ves providing the franchisee with a complete business format. 19. Definition of piggy back franchise- a method of franchising in which two or more franchises team up to sell complimentary products or services under one roof. 20. Multiple unit Franchising – a method in which a franchiser opens more than one unit in a broad territory with in a specific time period. 21. Franchise Disclosure Document (FDD) – a document that every franchisor is required by law to give potential franchisees before any offer or sale of a franchise outlines 23 important pieces of information. 2. Advantages /Disadvantages of buying an existing business – * Advantages – a successful business may continue to be successful a successful business may already have the best location employees and suppliers are already established, equipment is already installed and productive capacity is known inventory is in place and tide credit is established new business owners hit the ground running. Disadvantages – It’s a looser the previous owner ma y have created ill will Employees inherited with the business may not be sustainable the locating is unstable equipment and facility’s may be obsolete change and innovation may be hard to implement inventory may be out of date or obsolete account receivables may be less that face value business may be overpriced. 23. Steps to acquiring a business the right way. a. Analyst your skills and ability’s b. Prepare a list of potential candidates c. Investigate and evaluate candidate business to find the best one d. Explore financing options . Ensure smooth transition by communication with employs. 24. Acquiring procedures – * Identify and approach candidate * Sign the nondisclosure statement * Sign letter of intent * Buyers due diligence investigation * Draft the purchase agreement * Close the final deal * Begin the transition 25. 5 Ps of negotiation * Preparation – examine the needs of both parties * Poise – Remain calm during the negotiation. * Patience – don’t be in such a hurry * Persuasiveness- know what most important positions are articulate them. * Persistence – don’t give in a first sign of resistance to your position. How to cite Anime Business Plan, Essay examples

Structured Reflection Business Communication -Myassignmenthelp.Com

Question: Discuss About The Structured Reflection Business Communication? Answer: Introduction Business communication refers to the communication within an organization and its various parts such as the managers, employees, stakeholders and even the customers. Proper business communication strengthens a companys internal bonding and people working in the organization are much happier and hence productive (Kaul 2014). The topic that interests me the most in this subject is the aspect of intercultural communication and its various aspects. Intercultural Communication has been regarded as the most emerging trends in the 21st century because of the rise of globalisation. Starting from workplace to every sphere of life, intercultural communication is a trend that is found everywhere. Intercultural communication refers to the communication that takes place between people of two different communities and culture. Intercultural communication enables a person to delve into a communication with people who come from different cultural background and this part makes it very interesting to me because it allows me to get a closer insight about the various cultures that are present in and around the world. Intercultural communication is not always a very easy task and there can be barriers in having a proper intercultural communication. The language can be one of the most common barriers when it comes to the intercultural communication domain. However, it needs to be noted that language is not the only barrier but the culture itself can be a barrier, like a culture can be to closed and may not allows much of interaction with other people or may be to formal to have a close and proper communication. It intrigues me the most because I feel that this is an era when distances are covered swiftly by technology, cultures are coming closer to each other and they are not anymore abiding by the geographical boundaries that contain them. Hence, such a communication and its effective skill set is necessary. Intercultural communication is a subject that has massive implications when it comes to communication because in the present scenario and the days to come, cultures will confluence with each other and communication among them will be mandatory in order to survive in the immediate environment (Neuliep 2017). I believe that intercultural communication is something that empowers an individual beyond the accounting to which ones own culture can empower. Such kind of communication allows people to come in contact with each other and gather more knowledge with every interaction. The topic interests me because I feel that intercultural communication allows people to garner new skills and thoughts that were previously unknown to them due to their society and the limitations that bided them. Mixing and interacting with diverse people from range of cultures will only add the best of things from each culture to an individuals character. The phenomenon of intercultural communication allows a per son to be ready for the global perspective (Liu, Volcic and Gallois, 2014). The various achieved skills and working style from other cultures help an individual to get accustomed to the various cultures of the world and increases a persons ability to work in and with diverse range of people in any place. I believe that it helps in removing barriers and evolves a person to become a good communicator and hence paves the way for success in the 21st century globalised world. According me, the fact remains that people interacting with each other leads to removal of all prejudices and stereotypes and enables free and fair communication that promotes peace without any debate. Every time I have seen successful organizations, I find that all of them are diverse in their workforce and hence the level of efficiency is way higher and productive. Such benefit of the topic makes it very appealing to me when it comes to business communication. In the coming days of my career, the aspect of intercultural communication will always have a significant importance and contribution. The professional world these days have people coming around from various cultures and backgrounds. In order to succeed in the workplace, it will be essential on my part to indulge into practicing intercultural communication so that people around me can easily communicate with me and feel at ease. In the professional world, it is very essential to be away from any kind of stereotyped thought and idea as it will lead to disorientation in the entire work process. The intercultural communication is foremost for a communicator to become an effective communicator. Clearly expressing the self to other people will require good communication skills and such skills can be honed by practicing complete communication development that will include intercultural communication. The global organizations are looking for people who are experts in communicating with peop le from diverse cultural background because managing such a diverse workforce is mandatory in order to achieve the target and growth for an organization (Martin and Nakayama 2015). I need to speak more with people who do not belong to culture and have a friendly non-stereotyped thinking towards them in order to be able in intercultural communication. I feel conscious when I am faced with new people and this reaction makes people think I am a person who does not like to communicate. However, that is not the fact because I am an individual who wishes to communiReference shyness because in this modern world there is no room for someone who is an incompetent communicator. I can apply intercultural communication skills in my workplace by engaging in conversation with all the diverse people and enriching myself with all the knowledge that they will provide me based in their perception towards an issue and their specific thought process. Such skills in my character will make people feel co mfortable with me and express their thoughts to me without any apprehension, as I will be glad to communicate with everyone in a positive way. These will help me succeed in my career and achieve the goals that I have in life regarding my future. Reference Kaul, A., 2014.Effective business communication. PHI Learning Pvt. Ltd.. Liu, S., Volcic, Z. and Gallois, C., 2014.Introducing intercultural communication: Global cultures and contexts. Sage. Martin, J.N. and Nakayama, T.K., 2015. Reconsidering intercultural (communication) competence in the workplace: A dialectical approach.Language and Intercultural Communication,15(1), pp.13-28. Neuliep, J.W., 2017.Intercultural communication: A contextual approach. Sage Publications.