Interest and 90-day Bank Loan Free Essays

Accounts receivable changes with bad debts A firm is evaluating an accounts receivable change that would increase bad debts from 2% to 4% of sales. Sales are currently 50,000 units, the selling price is $20 per unit, and the variable cost per unit is $15. As a result of the proposed change, sales are forecast to increase to 60,000 units. We will write a custom essay sample on Interest and 90-day Bank Loan or any similar topic only for you Order Now a. What are bad debts in dollars currently and under the proposed change? b. Calculate the cost of the marginal bad debts to the firm. c. Ignoring the additional profit contribution from increased sales, if the proposed change saves $3,500 and causes no change in the average investment in accounts receivable, would you recommend it? Explain. d. Considering all changes in costs and benefits, would you recommend the proposed change? Explain. e. Compare and discuss your answers in parts c and d. P14-16 Zero-balance account Union Company is considering establishment of a zero balance account. The firm currently maintains an average balance of $420,000 in its disbursement account. As compensation to the bank for maintaining the zero balance account, the firm will have to pay a monthly fee of $1,000 and maintain a $300,000 non–interest-earning deposit in the bank. The firm currently has no other deposits in the bank. Evaluate the proposed zero-balance account, and make a recommendation to the firm, assuming that it has a 12% opportunity cost. P15–9 Cost of bank loan Data Back-Up Systems has obtained a $10,000, 90-day bank loan at an annual interest rate of 15%, payable at maturity. (Note: Assume a 365-day year.) a. How much interest (in dollars) will the firm pay on the 90-day loan? b. Find the effective 90-day rate on the loan. c. Annualize your result in part b to find the effective annual rate for this loan, assuming that it is rolled over every 90 days throughout the year under the same terms and circumstances. How to cite Interest and 90-day Bank Loan, Papers

Each Delivers Effective Business Outcome †Myassignmenthelp.Com

Question: Discuss About The Each Delivers Effective Business Outcome? Answer: Introduction: The Commonwealth Bank of Australia is one of the leading financial service providers and the most recognized brand in the finance industry of Australia. The bank is a multinational bank that operates its business across Fiji, United Sates, New Zealand and United Kingdom. The service provided by the bank includes retail, business, premium and institutional banking, superannuation, investment, fund management and share-broking service and products. The Commonwealth Bank of Australia (CBA) is also the largest company in the list of the Australian Securities Exchange in Australia. The bank was founded in the year 1911 by the government of Australia (Commbank.com.au 2017). The structure of the bank is designed in such a way that helps the organization to manage the people, execute the marketing strategies effectively and provide the financial service in a smooth and unhindered way. The following report focuses on the every aspect of the organization in order to analyze the integrated oper ations of the same. Organizational structure of Common wealth Bank: The changes in the organizational structure of CBA are to create integrated business and are structured for product development along with segmenting the customer services. The organizational structure of the Commonwealth Bank is divided into four sections and those are retail banking services, premium financial services, investment and insurance services and lastly the institutional and business services (Macdonald, Burke and Stewart 2017). This structure reflects the business mix alteration as well as the strategic positioning of the commonwealth bank. The director of the common wealth bank has decided this particular organization structure rather than only focusing on the wealth management it also helps the bank to recognize the needs of the customers. The merging of the product and service development helps the bank to afford customer segmentation with more clarity and the integration ensures the bank with the decisions that reflect the responsible attitude of the bank. The retail banking services sector recognizes the financial needs of the customers and offers them accessible banking. The premium financial services offer the back to come along with their existing wealth management process and existing services for the customers who have complex needs. The investment and insurance services brings out the funds and insurance business for the brokers, agents and advisers as well. The institutional and business service provides the financial needs of the institutions as well as the customers having business and the commonwealth bank provides the risk and capital management to the customers who are using a relationship management approach in the business centres. The corporate responsibility of this particular bank focuses on bringing positive change by helping in education for children, innovation and managed business practice. This bank empowers the customers for taking educational loans for their children and organizes literacy programs. This bank helps the customers and communities to work by practicing balanced decision making for their business in case of the financial part. This bank provides business transparency to all the stakeholders and always has report on their performance towards the customers (Weill and Woerner 2013). This bank has marked them for providing the beneficial help to the customers and in the present years they have marked themselves as one of the most famous banking institutions with required all the facilities and has expanded their services in almost 11 countries throughout the world (Bank 2015). The goal of the CBA is to excel the security by providing financial support to the customers and they have always kept their commitment up to the mark. This bank is the most famous financial service provider to the customers in almost whole Australias financial service industry. People management: Improving their customer intimation is always a concern for the commonwealth bank. According to the recent research report, the financial sector of this bank have increased the level of scrutiny and though this is critical for the bank still they aim to deliver the best financial services to the customers, shareholders. The bank always provides strong value to the stakeholders in every situation. This bank has implemented some reforms as their own initiatives and presently works in association with the Australian bankers association. The reforms include background check of the existing customer from first of July 2017 and appointments of the advocates of the customers. This bank manages its customers by involving in many sectors like educations, business, social activities and they continue to provide support by building their capabilities to deal with the customers who are having financial problems or facing any kind of financial trouble. This bank aims to positively influence the lives of the people by their management and help (Lang 2017). Recently they have initiated some action plans to help the abused people with financial independence. Having engagement with the stakeholders is very important for the bank to recognize the response of the stakeholders in many factors. Recently they have created forms that help in both internal and external engagement with the stakeholders. This helps them with ensuring about the opportunities and issues that needs consideration for the future. The Commonwealth Bank with all their initiatives and reforms aims to make the organization more valuable and manageable (Southurst 2015). This bank is a well-known bank and they have marked themselves as the most famous funding service of Australia that thinks about the customers in an extent way. This bank plays a large role in the economy of Australia and they support their financial wellbeing and maintain their commitment by investing on innovations. They return 75% of the amount to the shareholders and reinvest the rest profit to provide more services that are flexible to the customers. The CBA provides good customer experience, diversity and transparency, support proper organizational culture, invests for the sake of the customers and has security that assures the customers about the services (Vasardani et al 2013). The bank initiates programs for helping the poor customers, providing better job facilities and has proper financial regulations in order to maintain all the mega trends of this era. Marketing Concepts of CBA: Marketing of CBA is the central part of its business strategies. The marketing of the bank includes the brand marketing, Corporate Social Responsibility and others, which add values to the business of the organization (Lovelock and Patterson 2015). The division of retail banking service of the organization offers market leading service and products to the wide range of customers of CBA across Australia (Bryant 2012). The marketing team of the bank is the responsible unit for the marketing, delivering advertising, sponsorship, events, public relations and brand communication to the shareholders and retail customer (Commbank.com.au 2017). The company is constantly striving to find new and innovative ways in order to communicate by the advantage of new channels and the creation of cutting-edge campaigns. Marketing Strategies: In order to meet the rapidly growing customers expectation the organization has focused on the innovation of technologies and the communication with the customers (Balnaves 2012). CBA is focusing on the launching of the product innovation and proper and effective marketing for the adoption of the initiatives in the market (AANA 2017). The marketing strategies of CBA tend to make the current and potential customers aware of the latest, new and innovative service and products of CBA and the beneficial aspect of the same (Commonwealth-Bank-Strategy 2017). The organizational structure and the people management also come under the strategies of successful marketing strategies. For example, the target market or the target customer management by providing adequate service and products to them for the potential and current competitive advantage is the one of the major marketing strategies by followed by the organization (studymoose.com 2017). Market Segmentation, Target Market and marketing Mix: The market segmentation for a multinational bank like CBA is necessary to identify the target market and plan the strategies for marketing accordingly. The business or corporate as well as the retail market of the organization are divided into segments. The corporate market includes the departmental stores, human resource management company, advertising, large-scale companies and others (studymoose.com 2017). The retail market of the organization consists professionals with certain annual income and the general people of Australia. The target market of CBA is the said receiver of the service and products of CBA. The marketing of the ban also focuses on the sustainability of CBA through the proper execution of the marketing strategies. Following the marketing mix another criteria of CBA. Proper actions regarding the product, price, promotion and place are taken by the marketing team of CBA. The entire marketing team from the managerial level to the field worker of CBA is flexible and constantly working on the marketing strategies and its execution (AANA 2017). However, the CBA is projects an integration of its entire marketing process with the service and the organizational structure. Concept: The financial practices of the CBA cover the entire financial services and anything related to the same. As stated previously the bank provides the financial service to the corporate entities as well as the retail customers. The financial practices of the bank are spread on a wide range of activities related to the financial service and products provided by the bank (Chang et al. 2012). The position of the bank in the financial industry is almost in the center. The financial practices by the bank include the basic financial services such as dealing in financial products, advising in financial products, financial family planning, providing custodial and depositary service and making a market in financial products. Apart from providing the basic financial service, the financial practice of the bank also focuses on the anti-money laundering and counter terrorism financing (Commbank.com.au 2017). Range: The financial practices and the profit from the same are evident in the annual report of the bank for the financial year 2017 (annual_report 2017). The Financial Statements section in the report provides data, facts, and details of the financial service and the accountability of the organization for the financial practices. The financial practice of the bank cover a wide range of products including transaction accounts, saving and investments accounts, finance, funds transfer and payments, foreign exchange, general insurance, derivatives, equity and debt securities including government bonds, money market instruments and margin lending facilities (www.commbank.com.au_business. 2017). Additional Practice: Apart from the vast range of financial activities, the bank also organizes some financial graduate programs for the benefits of the people. The graduate program in the financial practice is structured in rotations of four and six months. The covered areas in the program are business and private banking finance, group audit, group finance, group treasury, institutional banking and market finance, retail banking service finance, wealth management finance (www.commbank.com.au_business. 2017). The program helps in developing the strategic ideas and facilitating discussion, identifying opportunities for the improvement of business, communicating with all levels for influencing and analyzing business process. The beneficial aspects of the program include the real work, training and development, working with the key stakeholders, diverse experience, stability and support (Commbank.com.au 2017). Undoubtedly, this additional graduate program on the financial service and conceptualization of the same in the practical field is one of the major practices of the organization in the financial context. However, the financial practices of the organization create the identity of the same in the financial industry as well as in the market. Conclusion: This can be concluded from the above discourse that the Commonwealth Bank of Australia is the major leading financial service provider in Australia. The organizational structure of the bank covers all the aspect of the operational business activities of the bank. Moreover, it helps the organization to execute their marketing strategies effectively for the financial practices by CBA. Apart from focusing on the basic and primary service of the bank, CBA is also involved in the practice of Corporate Social Activities for the customers of the same. In addition, the management of the bank also focuses on the key stakeholders for the effective business outcome and the marketing of the CBA. However, the report presents evidence of the vase range of financial business activities of the organization that is integrated and interconnected with each other. Reference: AANA. 2017.Marketing is a Central Part of Business at Commonwealth Bank Australia - AANA. [online] Available at: https://aana.com.au/commonwealth-bank-australia/ [Accessed 12 Sep. 2017]. annual_report. 2017. [online] Available at: https://www.commbank.com.au/content/dam/commbank/about-us/shareholders/pdfs/annual-reports/annual_report_2017_14_aug_2017.pdf [Accessed 12 Sep. 2017]. Balnaves, M., 2012. The Australian finance sector and social media: towards a history of the new banking.Media International Australia,143(1), pp.132-145. Bank, C. (2015). How to Get There. Bryant, L., 2012. An assessment of development funding for new housing post GFC in Queensland, Australia.International Journal of Housing Markets and Analysis,5(2), pp.118-133. Chang, V., Li, C.S., De Roure, D., Wills, G., Walters, R.J. and Chee, C., 2012. The financial clouds review.Cloud Computing Advancements in Design, Implementation, and Technologies,125. Commbank.com.au. 2017.Personal banking including accounts, credit cards and home loans - CommBank. [online] Available at: https://www.commbank.com.au/ [Accessed 12 Sep. 2017]. Commonwealth-Bank-Strategy. 2017. [online] Available at: https://www.commbank.com.au/about-us/shareholders/pdfs/2006-asx/20060809-Commonwealth-Bank-Strategy.pdf [Accessed 12 Sep. 2017]. Lang, I. H. (2017). The Winners.Catalyst. Lovelock, C. and Patterson, P., 2015. Services marketing. Pearson Australia. Macdonald, I., Burke, C. and Stewart, K., 2017.Systems leadership: Creating positive organisations. Taylor Francis. Southurst, J. (2015). Australias Commonwealth Bank Latest to Experiment With Ripple.CoinDesk URL: https://www. coindesk. com/australia-commonwealth-bank-ripple-experiment. studymoose.com. 2017.Topics, Sample Papers Articles Online for Free. Marketing plan for Commonwealth Bank. [online] Available at: https://studymoose.com/marketing-plan-for-commonwealth-bank-essay [Accessed 12 Sep. 2017]. Vasardani, M., Timpf, S., Winter, S., and Tomko, M. (2013, September). From descriptions to depictions: A conceptual framework. InInternational Conference on Spatial Information Theory(pp. 299-319). Springer, Cham. Weill, P., and Woerner, S. L. (2013). The future of the CIO in a digital economy.MIS Quarterly Executive,12(2). www.commbank.com.au_business. 2017. [online] Available at: https://www.commbank.com.au/business/pds/ADB2684.pdf [Accessed 12 Sep. 2017].

The Jilting of Granny Weatherall Essay Example

The Jilting of Granny Weatherall Paper In the short story â€Å"The Jilting of Granny Weatherall,† Granny Weatherall’s stubbornness is reflected in the way she views people’s actions and in her obviously senile thinking process. Whether consciously or subconsciously, she regards most of the attempts to aid her or please her as either threatening or rude. This is derived from her stubborn attitude towards death and illness. She views herself as being near immortal until the very end. Her first misconception of someone trying to help her is shown in the very beginning of the story. When the doctor tries to check her pulse and give her a routine check-up, Granny Weatherall â€Å"flicked her wrist out of Doctor Harry’s†¦ fingers. † This is followed by her considering him to be a â€Å"brat† who needs to â€Å"respect [his] elders. † The doctor then tells her not to get out of bed. She responds by telling him to â€Å"get along and doctor your sick†¦ Leave a well woman alone. † This reaction to the doctor’s check-up show’s that Granny is very confident that nothing is wrong with her. Whether this is her senile mind taking over or if she really believes that she is fine, there is some part of her that doesn’t want to let go of life. We will write a custom essay sample on The Jilting of Granny Weatherall specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on The Jilting of Granny Weatherall specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on The Jilting of Granny Weatherall specifically for you FOR ONLY $16.38 $13.9/page Hire Writer After the doctor walks out, Granny Weatherall hears her daughter, Cornelia, and the doctor whispering outside her door. Cornelia clearly sounds worried about her mother’s fading health, but Granny sees the whispering as being rude. When Cornelia comes into Granny’s room to check on her and see if she needs anything, Granny’s face tied up â€Å"in hard knots† and Granny says â€Å"I want a lot of things. First off, go away and don’t whisper. † Again, a simple act of generosity is viewed by Granny Weatherall as a rude act. Her stubborn attitude in this segment seems to be suggesting that she really believes that she does not need any help with anything. Even when she falls asleep, she hopes â€Å"the children would keep out and let her rest. † During her sleep, â€Å"she found death in her mind and found it clammy and unfamiliar. † Then Granny goes on to think, â€Å"Let [death] take care of itself. † This suggests that Granny likes to push death to the side and think about other things. Even when Granny Weatherall needs help, she finds a way to make others look rude for not knowing she wanted something. Granny asks Cornelia for a â€Å"noggin of hot toddy. Cornelia asks if Granny was cold, and Granny replies, â€Å"I’m chilly†¦ Lying in bed stops my circulation. I must have told you a thousand times. † After this, Granny Weatherall hears Cornelia asking her husband to entertain Granny. She thinks, â€Å"Wait, wait, Cornelia, till your children whisper behind y our back! † Finally, soon after this, Granny feels the effect of death on her. She realizes this and wants to â€Å"stand up to it. † Cornelia brings her to her senses by washing her forehead with cold water. Granny naturally sees this as being rude because she â€Å"[does not] like having her face washed in cold water. A priest comes to give her final rights, but his words break off right before he’s about to explain what’s happening because Granny won’t accept her end. The moment of Granny Weatherall’s death, while Cornelia is crying over her mother, Granny says her final words, â€Å"I’m not going, Cornelia. I’m taken by surprise. I can’t go. † This shows that Granny, truly, consciously and unconsciously, stubbornly denied her weakness and completely forced the thought of death from her mind. Even when she â€Å"accepted† her death, she still couldn’t really accept her death.

Increasing, Decreasing, and Constant Returns to Scale

Increasing, Decreasing, and Constant Returns to Scale The term returns to scale  refers to how well a business or company is producing its products. It tries to pinpoint increased production in relation to factors that contribute to production over a period of time. Most production functions include both labor and capital as factors. How can you tell if a function is increasing returns to scale, decreasing returns to scale, or having no effect on returns to scale? The three definitions below explain what happens when you increase all production inputs by a multiplier. Multipliers For illustrative purposes, well call the multiplier m. Suppose our inputs are capital and labor, and we double each of these (m 2). We want to know if our output will more than double, less than double, or exactly double. This leads to the following definitions: Increasing Returns to Scale: When our inputs are increased by m, our output increases by more than m.Constant Returns to Scale: When our inputs are increased by m, our output increases by exactly m.Decreasing Returns to Scale: When our inputs are increased by m, our output increases by less than m. The multiplier must always be positive and greater than one because our goal is to look at what happens when we increase production. An m of 1.1 indicates that weve increased our inputs by 0.10 or 10 percent. An m of 3 indicates that weve tripled the inputs. Three Examples of Economic Scale Now lets look at a few production functions and see if we have increasing, decreasing, or constant returns to scale. Some textbooks use Q for quantity in the production function, and others use Y for output. These differences dont change the analysis, so use whichever your professor requires. Q 2K 3L: To determine the returns to scale, we will begin by increasing both K and L by m. Then we will create a new production function Q’. We will compare Q’ to Q.Q’ 2(K*m) 3(L*m) 2*K*m 3*L*m m(2*K 3*L) m*QAfter factoring, we can replace (2*K 3*L) with Q, as we were given that from the start. Since Q’ m*Q we note that by increasing all of our inputs by the multiplier m weve increased production by exactly m. As a result, we have constant returns to scale.Q.5KL: Again, we increase both K and L by m and create a new production function. Q’ .5(K*m)*(L*m) .5*K*L*m2 Q * m2Since m 1, then m2 m. Our new production has increased by more than m, so we have increasing returns to scale.QK0.3L0.2: Again, we increase both K and L by m and create a new production function. Q’ (K*m)0.3(L*m)0.2 K0.3L0.2m0.5 Q* m0.5Because m 1, then m0.5 m, our new production has increased by less than m, so we have decreasing returns to scale. Although there are other ways to determine  whether a production function is increasing returns to scale, decreasing returns to scale, or generating constant returns to scale, this way is the fastest and easiest. By using the m multiplier and simple algebra, we can quickly solve economic scale questions. Remember that even though people often think about returns to scale and economies of scale as interchangeable, they are different. Returns to scale only consider production efficiency, while economies of scale explicitly consider cost.

Why To Kill a Mockingbird Is Controversial to Some

Why To Kill a Mockingbird Is Controversial to Some There are several reasons that the content of Harper Lees great novel, To Kill a Mockingbird, is sometimes considered so controversial (and inappropriate for young audiences) that it is banned, challenged, as well as removed from school/library lists and shelves. Racial Injustice The topic of prejudice, discrimination, and out-and-out cruel hatred is not always a topic that we like to discuss with our children. After all, we want children to remain innocent, to be removed and protected from the injustices, unfairness, cruelty, and fear that so often prevails in this world. Children learn all-to-quickly that society is filled with goodness and kindness (or at least thats the hope), but theres also a great deal of evil, bullying and all the worst unkindness in human nature.  To Kill a Mockingbird explores both aspects of humanity. Theres the life-and-death struggle of an innocent black man against the discrimination and barbarity thats not only evident in the actions of their fellow townspeople but also in the pervasive prejudices of the legal system. Atticus is the only man who is brave enough to stand up against the mob-rule, in an effort to ensure that justice is served! He knows that the ignorance that prevails could cost him his life (and/or everything he holds dear), but the pursuit of justice and the defense of innocence is (to him) worth anything he could face. He is not deterred. Sexual Violence Although the lies that are told related to the rape are not explicit in nature, theres still the fact that Mayella Ewell put blame on Tom Robinson for a horrible violation. The indictment is completely fabricated, but even the claim of rape troubles some readers. For some parents, teachers and other gateways to reading, the topic of violation (even in an abstract sense) is unacceptable for school-age children. Physical Violence Its difficult to feel sorry for Mayella because we know what her claims mean to Tom (and to Atticus, as he attempts to defend an innocent man). We may dislike what shes saying (and doing), we come to some acceptance of the psychology of the poor, abused girl; she would do or say anything (in her fearful and browbeaten state). In addition to the abuse that Mayella experiences at the hand of her father, physical violence are brought to bear upon Atticus and his children. In their anger and ignorance, the townspeople attempt to use violence and fear; to control Atticus.Atticus refuses to back down. He refuses to allow an innocent man to falsely convicted and imprisoned, without at least a fight. Atticus says: Courage is not a man with a gun in his hand. Its knowing youre licked before you begin but you begin anyway and you see it through no matter what. You rarely win, but sometimes you do.   Heres another interesting question; how would the novel be different without controversial topics (and events)? Imagine what the book would be like if they sanitized the novel.

General Functions of Management As They Related To Project Management Essay - 9

General Functions of Management As They Related To Project Management - Essay Example The researcher states that the management is involved in the project planning which includes listing all the project activities and tasks including the time taken and the relationships between the tasks. Project management can be defined the discipline which is involved in planning, organizing, leading and controlling resources in the achievement of specific goals. Project management steps include planning, organizing, project initiation, project monitoring and control and the project closure. Project managers are concerned by the project constraints which include people, time and money resource constraints. The general functions of management are applied in the successful management of projects. The management should be involved in the planning phase by establishing project plans of action which are either short term, medium term or long term. Project management also involves organization of the project resources mainly the human resources. Project manager assigns the roles and resp onsibilities to different personnel involved in the project and also delegate the authority. Just like general management, project managers have a leading function whereby they are supposed to motivate, coordinate and communicate with the project employees to ensure the project goals are achieved effectively. Project managers also control the project progress by reviewing and monitoring the project progress against the project plans and taking the necessary corrective action where deviations exist. Some of the main concerns of management include identification of the stakeholder interests and expected outcomes since numerous users of the project have different needs. Another main concern of the management is the project constraints. The main constraints include time, finances and scope hence altering one constrain will impact on the rest. If the project manager reduces the completion time, additional resources will be required to meet the new project schedule.

PROJECT DESCRIPTION Essay Example | Topics and Well Written Essays - 250 words

PROJECT DESCRIPTION - Essay Example Particularly, I focused on the water conditions, depth, and flow. The experimental research took various routes; however, my first observational study was the water conditions. Apparently, the samples of the water revealed a substantial amount of Algae, which is a type of bacterial substance produced by duck week and sewage residues. Through further research into algae, I found that there is a way of filtering this algae bacterium into a mineral. According to research, this is said to be good for muscular a joint conditions. Having found out this possible, I wanted to talk this further. Therefore, I decided to design a thermal pool whereby I would use the algae as the healing mineral. In the course of enriching the discovery, I will have a three-floor building beside the thermal pool. The ground floor will serve as the changing rooms as well as toilet facilities. The first floor would be the lab area for important experiments and presentation of findings. Subsequently, it will constitute a gallery space where the bacterial findings and different filtration as well as a recycling processes display. Most importantly, this will include the bacterial filtration process for the Algae collected, the sand filtration process which is used to recycle the canal water to the thermal pool and third the recycling process of the used thermal water channelled back into the canal. In essence, the water is pumped from the canal into pipes using a pressure pump, which then pumps to the roof of the building. Conceivably, this is where all the filtration processes take place, opened into a valve, which lets the waterfall down into the pool