Working Capital Simulation Essay Example for Free

Working Capital Simulation Essay This simulation has given me a better understanding of what managers and CEO’s go through when making decisions for the company. As I went through each simulation more than once to see what affects the decisions had on cash flows, sales and EBIT. In some situations they changed whether it dropped or risen, and others they were completely stagnant with their movement through each phase. Below I will point out how and why I made each decision. Phase 1, I chose to acquire a new customer and tighten up accounts receivable in both times I did the simulation. I chose to take on a new customer because SNC needed the exposure to become known as it is starting to get widespread exposure. The results of this acquisition were that it increased the sales significantly but also left us with higher receivable an inventory balances. (Harvard SNC Synopsis) The results of tightening up the accounts receivable were that sales have declined but the receivables improved which freed up cash. (Harvard SNC Synopsis) In phase 2, I chose to expand the online presence as well as develop a private label in one simulation and the second simulation I just chose to expand on line. In my first choice since I chose to expand online and develop the label, the amounts varied in increase of cash flows. The expansion of the online presence increased Internet sales and the private label increased the EBIT margin only a little. This also counteracts with the accounts receivable and inventory balances after phase one. But it was not that drastic of a change. In ’17 there was no increase or decrease in cash flows, which only means that in that year we broke even on the developing label side. The last phase, I chose to adopt a global expansion strategy in one trial and in the second I chose to adopt and acquire the high-risk customer. The results of acquiring a high-risk customer increase the sale, but had a dramatic affect on the receivables. SNC has now to consider witting off a portion of the outstanding balance as the company Midwest Miracles filed for chapter 11 bankruptcies. This simulation alone has taught me one of the many risks of doing business with any company. (Harvard SNC Synopsis) I thought that after acquiring the company, they could maybe stand on their own with the help of SNC and pull out of their financial hardship. It had the complete opposite affect on the SNC and it could have potentially ruined my company, as well as made me lose investors. The global expansion however helped the SNC grow its top of the line with the new customer Viva Familia. Like expanding online, the global strategy was another attempt to make sure SNC is the first company consu mers think about when dietary supplements. Limiting access to financing can hinder any company or person from trying to grow their business. It can cause higher interest rates on loans and credit fees as well as force businesses to face hardships when it comes to registration costs, policies and equipment needed for the business. (Parrino, Kidwell, $ Bates, 2012) It can also limit the profits they may encounter with consumers on in the new market. The limit of access to finances also hinders the process to develop and own their own brand of products. Making a if I were really the CEO of SNC or any business, I would need the help of a team to help make these decisions on and expansion and growth as well as investing in other companies. This simulation put in perspective the skill set and education needed after studying finances to even hope that you can make a profit on any decision made. It is a really difficult task to try and manage a company as well as keep up with the market. If this were a sole proprietorship, it would really be stressful to handle all by their lonesome. Reference: Harvard Business Publishing. (2012). Working capital simulation: managing growth. Retrieved May 16th, 2915 from, http://forio.com/simulate/harvard/working-capital/simulation Parrino, R., Kidwell, D.S, Bates, T.W. (2012) Fundamentals of corporate finance (2nd ed.) Hoboken, NJ: Wiley

Analysis of Judicial Diversity

Analysis of Judicial Diversity As much as genetic diversity is praised to be a key factor determining an individuals performance and survival; the much is judicial diversity regarded in acutely deeming efficiency of judiciary. Such is the stance of Lady Hale who was the first women to be appointed as a Lord of appeal in Ordinary in 2004 and had witnessed the court replacing itself without reaching a more diverse collegium. She is a staunch supporter of diversification in Judiciary and hence displayed her stance very effectively in the case of Radmacher Vs Granatino, where she proved that a male dominated judicial collegium would not help reach justice at certain instances where they dont have the correct expertise and lack ability to understand a womens psych and emotions. Her stance gets further cemented by the book feminist judgements which significantly prove how a case can change if approached from a women diverse vision. In recent years, to reach such diversity the courts have slowly started to expose out of the grip of former appointment procedures that placed Lord chancellor and the Queen with total autonomy over judicial appointments, resultantly the courts started to appear all men and white. Hence, in last decades there have been a visible change in making a diverse judiciary more than just a dream. Lord Irvine contributed in formalizing this intention of having a diverse judiciary by making a committee to check the appointments. However, he later submitted the matter in hands of Sir Leonard peach who showed his satisfaction with the appointment methodology and subsequently the matter was subsided. Later on, in April 2003 his proposal of JAC lead him to be dismissed, forestalling his service in way of a diverse Judiciary. The importance of such judiciary is slowly being realized by the situation and by the Judges on the apex of Judiciary. The old mechanism of appointments that totally rested in hands of the Queen and Lord chancellor increasingly became prone to objections over its transparency and credibility of appointed people as such system contained elements exploitable for  Ã‚   bias. As centuries, have passed and the role of monarchy in UK has merely reduced to just a symbolic post, similarly the Judiciary is increasingly inquisitive about the appointments and so is the general public. Diversity in judiciary can enable a country to represent more than just a fraction of its populace rather than just appearing to be holding a certain fraction, as professed by its quite homogenous panel of judges. Certainly, its evident that a diverse judiciary, equal in ethnic representations and in gender representation can lead to a very different decision than what it could be as there are certain issues where a upper hand in terms of ability to judge a certain situation can lead to justice and also in building of precedents that can improve the general level of legal development. Moreover, a diverse judiciary can up the moral of public and make them more confident in the legal system and a diverse panel of judges can also eliminate appellants fear of potential bias. This would also represent the actual structure of society in modern world where women have proved their abilities in every aspect of life and in different professions and hence a diverse judiciary ca n eliminate the impression that judiciary is not coping up with the society and its needs where women go under different types of contracts. As a current presumption in domestic contract cases remain that husband and wife cant legally intend a contract; even that presumption is getting reduced over time as in modern world women are getting more autonomy and there is more a concept of relations catering different types of considerations from both parties. As matter of fact, there have been no female Lord Chancellors and none from ethnic minorities. The judicial representation from minorities in courts is minimal while the majority of the apex of justice system belongs to judges who are graduates of Cambridge and Oxford who neither had the restraints of commoner they deal with and neither had experience of their typical life backgrounds and ideologies. This proves to be a hurdle in effectively interpreting and enacting the law to citizen fairly and efficiently. It could also be diffic ult for the judges as they may not be able to relate to some of the situations put before them. Thus the judiciary direly needs to level with the modern world and presence of more women and ethnic minorities in judiciary can up the confidence of certain appellants in various cases, especially domestic cases and the taboo cases of rape, violence, discrimination or harassment which often dont get reported. Moreover, it can also enable people to aspire to be judges and not think of judicial posts as a profession exclusive for the cult. People from other than purely law background i.e. non-barristers can also prove to improve that confidence and the variety of profession at apex of Judiciary will improve the quality of decisions and Stare-Decisis as there would be technocrats and experts of different professions present to enable that. Therefore, there have been gradual improvement in the appointment process as its now not totally in hands of the Queen or Lord chancellor but the JAC is giving the recommendation for appointments. However, its still a compromise as initially the constitutional reform act 2005 made JAC responsible for appointing magistrates up to the supreme court members. The later agreement between JAC and Lord Chancellor retained the recruitment and selection powers. The statistics show that women percentage in Judiciary is gradually increasing but the process is very slow. Number of women in Court of appeal increased by one women, while stayed same in High court even after two new appointments; and in circuit judges by sixteen women. The overall increase in April 2014-15 is by 0.7 percent in courts and 0.8 percent in Tribunals. In the regard of gradual and clumsy increases Lord Sumptions words can be cited. He said rushing for equal representation of women at the top of legal profession can inflic t appalling consequences on the quality of British Justice. Concludingly we can say that the British Justice system is keen to reach the gender equality in legal profession as well as on its apex but is doing so gradually in order to not open a gate to incompetent judges in the system that can inflict harm to overall judicial system.

Isolation in Death of a Salesman

Isolation in Death of a Salesman Arthur Millers play Death of a Salesman is the story of a man, Willy Loman, gone deaf to the outside world. Though many try to help him, he shuts them out and creates his own reality in which he is successful and loved by everyone. In Death of a Salesman, Willy has many influences both good and bad attempting to direct his life; it is his refusal to choose the helpful advice that will ultimately lead to his downfall. One negative influence in Willys life is the inability of his friends to confront him about his problems. It is Willys wife that causes him the most harm. In her vain attempt to protect Willy, she actually allows his eventual death. The first sign of her negligence comes in one of Willys flashbacks. Willy brags, I did five hundred gross in Providence and seven hundred gross in Boston(35). But as Linda begins calculating his commission, the value rapidly diminishes to roughly two hundred gross on the whole trip(35). Linda sees what is going on but does not confront him. A very similar situation occurs later in their life when she finds out that Willy is no longer on salary, but borrows money every week from Charley. Again she will not confront him. By not confronting Willy in either of these instances, Linda allows him to sink further into his false reality. But Linda makes an even worse mistake that allows for Willys suicide. She acknowledges his suicidal tendencies when she says, He s been trying to kill himself(58). She tells the boys that she has found the rubber hose in the basement, but she still will not confront Willy. Another character who is unable to be straight with Willy is Willys boss Howard Wagner. Howard allows Willy to keep his job, but does not pay him. If he had just fired him right out it would of forced Willy to find a new job. By stringing him along, Howard allows Willy to maintain his fantasy world unchallenged. These are examples of the most negative influences in Willys life simply because they have the ability to help but choose not to. It seems that the only people who want to help Willy, are those who he least listens to. In fact the two best influences on Willy come from the same family. Bernard grew up with Biff and Happy but chose a much different path. At a key time in Biffs life, Bernard warns I he doesnt buckle down hell flunk(40). In this scene Bernard is trying to tell Willy that he is instilling the wrong values in his sons who are destined for failure. Willy however does not want to listen to Bernard because he has the most popular and athletic son in town. But even later when Willy sees Bernards success he will not listen. Bernard sees that Willy is still holding on to a job that is not working for him and tells him sometimes, Willy, its just better for a man to walk away(95). Willy can only respond by asking But if you cant walk away?(95). Charley, Bernards father, even takes trying to help Willy a step farther. Charley sees early on that Willys job is not working out and begins offering him a job. Cha rley continues to offer this job until the end. And even though Willy refuses to take a job from Charley, Charley continues to loan Willy the money he needs every week knowing he will never get paid back. In this play Charley and Bernard are the only characters from the beginning to the end that truly do everything they can to help Willy; yet still Willy refuses to listen to them. Because Willy does not want to listen to the outside world, he is forced to create his own sources of guidance. This guidance comes in the form of Ben his brother and Dave Singleman. Ben appears to the audience in the form of Willys flashbacks. He excites Willy with tales of self-made fortune. Willy uses Ben as a scapegoat in order to explain his own failures. He makes himself believe that if he had gone with Ben, he too would be rich. By doing this he avoids facing his own failures as a salesmen. Though we never see Dave Singleman, he is the single most powerful influence on Willy. He is Willys personification of the perfect salesman. Willy hopes to gain the respect and success that Dave Singleman had. But in reality Dave represents the superficiality, which Willy bases his life on. All of the good qualities that Dave Singleman possessed were superficial. Nothing is said about his family life or character. Willy needs to realize that it is the inner qualities that count. By creating a mold of the ideal man in his head, Willy sets himself up for disappointment. When he is unable to be the ideal man he wants to be, he looses his will to live and deems himself as a failure. But because he has shut himself off from those around him, no one is able to reach him before it is too late.

Prejudice and Racism in Canada :: Sociology Racism Prejudice Essays

Racism in Canada "I have a dream that my four little children will one day live in a nation where they will not be judged by the colour of their skin but by the content of their character" (Martin Luther King Jr.) Ku Klux Klan. Neo Nazis. The Aryan Nations. The American Nazi Party. What are these groups? Why are they present in a land of supposed equality of all men? They are there because there are millions of Americans that believe in their message of white pride. The African American population is growing and Americans are now a mixed group of people. Black people are white people's neighbours, doctors, friends. With a growing unity between the two races, why does racism continue? The answer is simple. Racists from many years ago raise their kids in clans and white supremacy groups and teach them the ways of hatred. These kids grow up "brain-washed" that black people are their enemies and, taught by example, will continue this trend (The Volume Library; 1988). The Ku Klux Klan has been around since the end of the civil war. It is a roller coaster of a history. From extreme power, to rapid decline, and slow reemergence (Software Toolworks Encyclopedia; 1992). The clan, who is notorious for its violence, has a relatively innocent beginning. It was formed from some veterans from the confederate army and was first called the Kuklos Clan which, in Greek, meant Circle Clan. One person thought it would be a good idea to call it the "Ku Klux Klan" as a parody of the fraternity names which always had three Greek alphabet letters in it. They created the Clan to be mischievous and to do it without anyone knowing who they were which accounts for their costumes and masks. They, like most whites, were upset that the black people were free because black people were a constant reminder of the bitter defeat of the South. So to have fun they terrorized black people. Eventually the group grew, fluctuating, but grew to become the first white supremacy group in America and with that growth, their hatred grew as well into what was seen in the early and middle 1900's and what is seen today. Along with the KKK, other anti-black, pro-white groups formed and stemmed out all over the U.S.A. The Neo Nazis who are more commonly know by the term "Skin Heads", are a growing force in hate groups. There hatred of Hispanics, Jews, Blacks, and others are now the fastest growing force in

George Orwells 1984 Essay -- George Orwell 1984 Essays

George Orwell's 1984 There is, in every person, a secret part of one's self that is kept completely secret. Most often than not, it is a place of solitude, where no one else is admitted entry. Logic does not rule here; pure instinct, the drive for survival, is what reigns supreme in this realm. However, there are those chosen few who are allowed in, and it is they who are most dangerous; they alone know how to best maul, injure, and in the end, betray. Orwell created such a relationship in 1984 between Winston and Julia. Though the idea is never directly stated, the likelihood that Julia is a member of the Thought-Police grows increasingly more evident and obvious as the story progresses through her words, actions, and in the end, her betrayal of Winston. When Winston and Julia run off to their little grove of ash saplings, Julia makes a few statements that are startlingly suspicious to a quick and clever mind. When Winston explains that he first supposed her to be a member of the Thought Police, she laughs giddily, and asks, ?And you thought that if I had a quarter of a chance I?d denounce you as a thought-criminal and get you killed off (101) Such a comment Stated so bluntly and forceful, it seems as though only the truth could be announced in this manner. The natural instinct of humans is to soften the blow, to make the truth easier to bear, not pointing out the worst case scenario and leaving no room hope, yet this is exactly what Julia does. The fact that she does so laughingly merely is cover, so that Winston cannot suspect the truth of her identity, and it works. The next comment she makes that sheds a sliver of light into her shadowy character comes after Winston?s inquiry of her choosi... ...r girl gave him the impression of being more dangerous than most.? Such is the truth behind the mask of lies and deceit that Julia has worn until now. Her words, actions, and betrayal of Winston made it possible for Big Brother to actually survive, made it possible for Winston to be broken and destroyed. They made it possible for Julia to trick Winston into believing there was hope, believing they still had a chance for a free democracy?a false hope. Had Winston stuck with his first impression of Julia, his gut reaction of fear and hatred, he might have survived. After all, that?s what instincts are for?procuring the best means for survival. Instinct could have saved him, at least for the time being. But he didn?t heed its urgent warning, and with that choice, his fate was sealed. Works Cited: Orwell, George. 1984. London: Secker and Warburg, 1949.

Cost Effects on Pricing Decisions Essay

Pricing decisions for products are affected by many different factors such as demand, cost, competition, strategy, and profitability. Cost is one factor that has numerous ramifications on the final price of a product. Cost includes many aspects including manufacturing cost, damaged goods, theft, transportation, and overhead. When determining the price of a product, one must balance what the market is willing to pay with supply and demand. When examining supply and demand, one can see that as supply increases then demand decreases. Yet, supply does not determine the price of a product. The goal is to base the price on the interaction between a supply and demand equilibrium that is mutually beneficial. Cost is a figure that must be examined on the supply side of the pricing decision. Manufacturing costs is the number one consideration in determining price. The manufacturing process will include a cost cushion for goods that are damaged in the process and a no longer viable. Overhead costs such as administrative costs must be considered in the total cost of a product. Next, the movement of the product to distributors or retailers impacts the cost. Transporting the product has a cost and any goods that get damaged in the transportation process also have a cost to the product. Finally, once the product has reached the distributor or retailer, theft is a common problem that can affect cost and pricing. If a product is stolen, the manufacturer does not receive compensation for all the previously mentioned costs. This loss in compensation needs to be accounted for somewhere along the process so the manufacturer does not lose money. Usually, a cushion is built into the final price of the product that will account for losses such as theft and damaged goods. Product costs are a critical component in the final pricing of a product. Accounting for all aspects of product costs is essential in determining a price that will allow profits to be made.

Museu de Arte Contemporânea de Niterói Essay

The Niterà ³i Contemporary Art Museum (Museu de Arte Contemporà ¢nea de Niterà ³i — MAC) is situated in the city of Niterà ³i, Rio de Janeiro, Brazil, and is one of the city’s main landmarks. It was completed in 1996. Designed by Oscar Niemeyer with the assistance of structural engineer Bruno Contarini, who had worked with Niemeyer on earlier projects, the MAC-Niterà ³i is 16 meters high; its cupola has a diameter of 50 metres with three floors. The museum projects itself over Boa Viagem (â€Å"Bon Voyage,† â€Å"Good Journey†), the 817 square metres (8,790 sq ft) reflecting pool that surrounds the cylindrical base â€Å"like a flower,† in the words of Niemeyer. A wide access slope leads to a Hall of Expositions, which has a capacity for sixty people. Two doors lead to the viewing gallery, through which can be seen theGuanabara Bay, Rio de Janeiro, and Sugarloaf Mountain. The saucer-shaped modernist structure, which has been likened to a UFO, is set on a cliffside, at the bottom of which is a beach. In the film Oscar Niemeyer, an architect committed to his century,[1] Niemeyer is seen flying over Rio de Janeiro in a UFO which then lands on the site, suggesting this to be the origin of the museum. The MAC Scandal was a political scandal that occurred when the mayor Joà £o Sampaio inaugurated the Niterà ³i Contemporary Art Museum. The MAC is located on a hill slope that had locked construction rights set by the city council. Therefore in December 1996, the new mayor, Jorge Roberto Silveira sent a project to the city council to obtain the rights to construction in that area. The project was accepted in only two days, giving permission to build buildings up to 40 metres (130 ft). The city council did not know that days before, Zeca Mocarzel, sub-mayor of the Niterà ³i’s Oceanic Region (of Jorge Roberto Silveira’s government) bought the lands at a very low price, claiming to the old owner that the region was locked and nothing could be done there. So he bought the area and, after the inauguration of the MAC which substantially increased the property values of the nearby areas, later sold the land for more than 5 million reals, approximately 1,250,000 US dollars at the time (2,720,000 dollars today). Because the scandal occurred just before Christmas, the people of Niterà ³i said that it was Jorge Roberto Silveira, Zeca Mocarzel and Joà £o Sampaio’s (long-time Niterà ³i’s politicians) â€Å"Christmas present†.