We believe PC Depot will be a great venture for Thompson Essay Example

We believe PC Depot will be a great venture for Thompson Essay Example We believe PC Depot will be a great venture for Thompson Essay We believe PC Depot will be a great venture for Thompson Essay In September, Barbara Thompson started PC Depot, a retail store for personal computers, with initial startup costs in the amount of $158,115 (Anthony, 2004, p.108). During the month various transactions occurred resulting in a net income for the month of September in the amount of $5,054. Financial transactions for the month of September have been recorded in the general journal, which also includes adjusting and closing entries. NC Gold has prepared the balance sheet and income statement for PC Depot for the month of September. A financial analysis of the balance sheet and income statement was conducted and areas of concern were identified. One area of concern for PC Depot is the amount of inventory they are carrying for a start up business. During the month of September, PC Depot purchased merchandise for inventory in the amount of $187,440 on credit from suppliers. Cost of sales for the month of September was $38,140 resulting in an ending inventory of $149,300. Another area of concern is the amount of debt PC Depot has incurred through bank loans in the amount of $100,000 and purchases from creditors in the amount of 187,440. NC Gold feels that PC Depot should focus on reducing inventory costs and reducing their short tem and long term debt. Some suggestions for reducing inventory costs include implementing the Just In Time or consignment method of inventory. Just In Time (JIT) is a comprehensive inventory and manufacturing control system in which no materials are purchased and no products are manufactured until they are needed (http://services.eliteral.com/glossary/glossary-of-quality-improvement-terms.php The JIT inventory method could eliminate financial risk. By keeping inventory stored for long periods, companies may experience high storage and investment costs and also obsolete inventory. These costs may hinder the companies profitability. For JIT to prove beneficial for PC Depot, the company needs to choose suppliers carefully. Companies may risk sales due to untimely deliveries or damaged merchandise by suppliers when using the JIT inventory method. Thompson needs to research and consider all possible suppliers when considering delivery on an as needed basis. Another option for PC Depot is the consignment method of inventory. Consignment inventory can be defined as goods placed at a customers location, with ownership of these goods remaining with the supplier. Payment is not made until the item is actually used. (Czarnecki, 2004, p. 24) By applying this method, PC Depot would not incur losses due to unused or unsold merchandise. The consignment method would eliminate upfront costs and allow PC Depot to maintain inventory on hand. The company would also be able to return unused inventory to the supplier within a reasonable amount of time. Dell Computers serves as an example of a company that uses consignment inventory. Dells Michael Gray credits the companys success to the low levels of inventory and says companies run risk of managing inventory that becomes obsolete (A Reminder, 2005). The consignment method of inventory, while potentially beneficial to PC Depot, requires proper management with suppliers. PC Depot must recognize the importance of relationships with suppliers who may make returning merchandise difficult. Czarnecki says, contracting with the vendor to keep track of inventory and allowing for return of supplies that are not used or are no longer current can help make this purchasing method more user-friendly (2004, p. 28). The amount of debt incurred by PC Depot to purchase inventory for the company is a major concern. Currently, Thompson is paying interest to creditors for inventory which is not being sold. Also, Thompson has a $100,000 bank loan at 15% interest which was used to start the business. In total PC Depot currently has $192,571 of combined debt. Considering the costs incurred to obtain inventory and how much inventory is currently being maintained, an alternative inventory control method such as JIT or consignment would work best for PC Depot. We recommend that for future inventory needs PC Depot establish a relationship with suppliers that can provide them inventory utilizing the JIT method. The JIT method is preferred over the consignment inventory method because it eliminates storage issues. If PC Depot were to use the consignment method of inventory, they may still incur costs associated with the housing and returning unused merchandise. NC Gold recommends that PC Depot reduce as much cost as possible by eliminating inventory overage. Thompson should also consider a line of credit as opposed to paying interest on the $100,000 bank loan. With a line of credit, Thompson will be able to borrow money as needed and pay interest only on the amount used. To accomplish this, Thompson should use the initial cash investment, paid-in capital, of $65,000 to pay towards the $100,000 note payable and utilize the line of credit when needed. Applying the standard 8% rate on a line of credit, Thompson would pay $4,800 in interest as opposed to $15,000 annually (moneycafe.com/library/prime.htm). We believe PC Depot will be a great venture for Thompson as evident by a net income of $5,054 for the companys first month of operations. We feel that our recommendations to reduce inventory costs and debt will be beneficial to PC Depot and provide them an opportunity to be more profitable in the future. Our findings and recommendations can be supported by the following financial exhibits.

4 Top Tips for the Common App Honors Section

4 Top Tips for the Common App Honors Section SAT / ACT Prep Online Guides and Tips When you’re applying to college, each part of your application counts. You want to maximize every opportunity to make yourself stand out from the thousands of other applicants vying for a spot at the school of your dreams. One of the many places you can distinguish yourself is in the Common App Honors section. In this article, we’ll talk about what the Honors Common App section is and how to maximize it to show your best work. What Is the Honors Common App Section? You can find the Honors section in the Education section of the Common App. The instructions for this section are simple: you can list up to five honors in 100 characters or less. You’ll need to indicate the name of the honor, the years you received it, and the level of the honor: school, state/regional, national or international.A school-level award means that only the students in your school could qualify for that award. A national-level award means that students in your country could qualify for that award. The larger the pool of potential applicants, the more impressive your award will seem. You’ll want to lead with your most impressive awards first. What Count as Honors for the Common App? You might be wondering what should be listed in the Common App honors section and what should be listed elsewhere - in your activities, for example. In general, honors that are tied to your extracurricular activities should be listed in the activities section, while those that aren’t connected to a specific activity should be listed in the honors section. For example, if you earn a varsity letter for the football team, you can put that in the activities section, because it’s directly related to an activity at school. If you’re a National Merit Semi-Finalist, on the other hand, you’ll want to include that in academic honors, since it doesn’t easily tie to a specific activity. 4 Tips for What to Include in the Honors Common App Section You don’t have a ton of room on the Common App to list and describe your honors, so you should keep it brief and use the space allotted as strategically as possible. Here are tips for what to include and how to write in the Common App honors section. #1: Lead With Your Most Impressive Achievements You should lead with your most impressive achievements and make sure that only the best honors make it onto your application. Don’t, for instance, include that you were voted â€Å"Most Likely to Forget When Graduation Is† by your peers- stick to real honors that you had to compete to get. #2: Describe the Award If It’s Unclear While national awards like National Merit are self-explanatory and obvious to the admissions committee, city or school-level awards might not be. Use the 100 characters of space to describe what it is and why isn’t important, like so: â€Å"Julius Caesar Award for the Highest Latin Score in All of Rome.† You should avoid using acronyms unless they’re widely recognizable (think SAT-level recognizable); otherwise, they’ll just confuse the admissions committee and take away from your achievement. #3: Indicate the Level of Competitiveness Show off! Use your character limit to show why the award was important. If you won money, say so! If you were selected as one out of 15,000, own it! The more competitive you make the prize (particularly for city and school level honors), the more your application will stand out. #4: Be Honest It should go without saying, but don’t lie on your application just to make yourself sound better. Not only is that a scummy thing to do, it can result in some serious punishments. You’re already a stellar applicant - focus on your real achievements, rather than your fake ones. Recap: Filling Out the Common App Honors Section The Common App honors section is a great place to call attention to your different achievements. Don't be shy - celebrate the hard work you've done and the recognition you've received for said hard work! What’s Next? Wondering how to prepare for your college interview? Check out this list of college interview tips to be sure you know exactly what to prepare for during your interview. Headed to an interview soon? This list of questions to ask a college interviewer will help you get the most out of your experience. Are you worried about standardized tests and their role in your college application? Read this article to find out when these tests might not matter for you.Also take a look at this list of colleges that don't require SAT scores. Want to build the best possible college application? We can help. PrepScholar Admissions is the world's best admissions consulting service. We combine world-class admissions counselors with our data-driven, proprietary admissions strategies. We've overseen thousands of students get into their top choice schools, from state colleges to the Ivy League. We know what kinds of students colleges want to admit. We want to get you admitted to your dream schools. Learn more about PrepScholar Admissions to maximize your chance of getting in.

Ten Things I Hate About You Film Review Coursework

Ten Things I Hate About You Film Review - Coursework Example Although I am not much into teen movies and stumbled on this one due to entirely unforeseen circumstances, I was surprised to see a non-irritating teen movie. Kat (Julia Stiles future agent Parson in Bourne Identity) and Bianca (Larisa Oleynik) are sisters but despite their blood relation, their personalities are exact polar opposites. Bianca, the younger is one of those cheesy teenage girls in the college that are just too popular for their own good. On the other hand Kat (as in Shakespeare’s Kate), the older one, is one of those tomboyish girls in the college who are Emo enough to hate everything but still have a soft yet unseen desire in their hearts." Kat and Bianca's father, Walter (standup comedian Larry Miller), has a rule that in order to for Bianca to date someone her older sister Kat has to get a date first. As night of the prom party approaches Bianca finds herself being the object of affection of two boys, Joey Donner (Andrew Keegan) and a typically Hollywood style shy and kind guy ( a species that don’t really exist in real life) Cameron James (Joseph Gordon-Levitt – future Arthur in Inception!). As an unwilling duo (e.g. Pak and USA), Joey and Cameron select a prospective candidate for Kat: Patrick Verona (Heath Ledger future Joker in The Dark Knight), the local bad boy. They conjecture that (however unlikely it might seem) that of they could pay Patrick to hook up with Kat then one of them can then date Bianca.

Manufacturing Logistics Essay Example | Topics and Well Written Essays - 3500 words

Manufacturing Logistics - Essay Example According to West Midlands Regional Assembly (2007), the West Midlands Region is home to more than 5 million people – a major market for buying and selling goods and services and at the heart of the nation’s strategic road and rail network and its Freight Strategy has considered key regional trends and issues for each of the modes of freight transport: Road, Rail, Air, Pipelines and Inland Waterways. The factory of Aston Enterprises is strategically located to take advantage of the transport networking in the region. Manufacturing Logistics Merriam-Webster Dictionary defines ‘logistics‘ as the aspect of military science dealing with the procurement, maintenance, and transportation of military material, facilities, and personnel. In the business context manufacturing logistics is concerned with receiving, inspecting, storing, maintaining and transporting or disposing and the host of other activities which includes controls, reporting and other support service s. According to the Council of Supply Chain Management Professionals (CSCMP), logistics management can be defined as, "that part of supply chain management that plans, implements, and controls the efficient, effective forward and reverse flow and storage of goods, services and related information between the point of origin and the point of consumption in order to meet customers' requirements." Uncertainties in the supply chain needs to be resolved on priority basis in the logistics perspective to maintain the flow of production and clear the obstacles in the distribution of the products. Li, L. & Schulze, L. (2011) state, â€Å"Along the logistics network, uncertainty can appear anywhere. At the beginning of the network, even the most reliable supplier could have a late delivery. In the middle, a new machine could fail to work; even it’s just been purchased†. Warehousing Material flow and scalability largely depends upon the design of the warehouses, headroom availabl e, overhead crane facilities, entry and exit gateways, etc. Total control of a warehouse should ensure faster traceability, accuracy in identification, easy cargo movement and on-line planning. Handling equipment and storage facilities should be utilized safely, efficiently and optimally. The control of material flow starts with goods reception, storage (include handling for the purpose of storage and delivery) and dispatch. The module of Warehouse Management System should be integrated with the other modules to lend complete support facilities to the warehouse processes and operations with paperless mobile working procedures to ensure cost efficiency, avoidance of congestion and timely delivery. Synchronization of yard management with reference to timings, space, etc. in respect of loading and loading in trucks and trailers and the functions of gate keeping with the warehousing processes is very important in the overall system for effective control of material flow. Tarca, N., Vatu iu, T. & Tarca, I. (2010, p. 351) state â€Å"Logistics planning may include, in addition to transport activities, storage and loading optimizations related to goods or products: stacking, optimizing product placement in relation to the storage†. Material flow in the domestic and international warehouses of the company should be defined with reference to the different interfaces in the system, order management and historical data. Agarwal, G. & Vijayvargy, L. (2011) states â€Å"

Edgar Allen Poe :: essays research papers

â€Å"For the most wild, yet most homely narrative which I am about to pen, I neither expect nor solicit belief. Mad indeed would I be to expect it . . . Yet, mad am I not – and very surely do I not dream. But tomorrow I die, and to-day I would unburthen my soul.† Thus the narrator begins to confess to murdering his wife in â€Å"The Black Cat†, just one of many fascinating creations from short story master and poet, Edgar Allan Poe. Edgar Allan Poe was born on January, 19, 1809 in Boston, where his mother had been employed as an actress. Elizabeth Arnold Poe died in Richmond on December 8, 1811, and Edgar was taken into the family of John Allan, a member of the firm of Ellis and Allan, tobacco-merchants. After attending schools in England and Richmond, young Poe registered at the University of Virginia on February 14, 1826, the second session of the University. He lived in Room 13, West Range. He became an active member of the Jefferson Literary Society, and passed his courses with good grades at the end of the session in December. Mr. Allan failed to give him enough money for necessary expenses, and Poe made debts of which his so-called father did not approve. When Mr. Allan refused to let him return to the University, a quarrel ensued, and Poe was driven from the Allan home without money. Mr. Allan probably sent him a little money later, and Poe went to Boston. There he published a little volume of poetry, Tam erlane and Other Poems. It is such a rare book now that a single copy has sold for $200,000.00 In Boston on May 26, 1827, Poe enlisted in The United States Army as a private using the name Edgar A. Perry. After two years of service, during which he was promoted to the rank of Sergeant-major, he secured, with Mr. Allan's aid, a discharge from the Army and went to Baltimore. He lived there with his aunt, Mrs. Maria Poe Clemm, on the small amounts of money sent by Mr. Allan until he received an appointment to the U.S. Military Academy at West Point. It was during his later years at West Point that he showed a remarkable talent for writing. Exploring themes as diverse as spirituality, astronomy, science and depravity, Poe’s writing is as powerful and arresting today as when he was first published. Edgar Allen Poe :: essays research papers â€Å"For the most wild, yet most homely narrative which I am about to pen, I neither expect nor solicit belief. Mad indeed would I be to expect it . . . Yet, mad am I not – and very surely do I not dream. But tomorrow I die, and to-day I would unburthen my soul.† Thus the narrator begins to confess to murdering his wife in â€Å"The Black Cat†, just one of many fascinating creations from short story master and poet, Edgar Allan Poe. Edgar Allan Poe was born on January, 19, 1809 in Boston, where his mother had been employed as an actress. Elizabeth Arnold Poe died in Richmond on December 8, 1811, and Edgar was taken into the family of John Allan, a member of the firm of Ellis and Allan, tobacco-merchants. After attending schools in England and Richmond, young Poe registered at the University of Virginia on February 14, 1826, the second session of the University. He lived in Room 13, West Range. He became an active member of the Jefferson Literary Society, and passed his courses with good grades at the end of the session in December. Mr. Allan failed to give him enough money for necessary expenses, and Poe made debts of which his so-called father did not approve. When Mr. Allan refused to let him return to the University, a quarrel ensued, and Poe was driven from the Allan home without money. Mr. Allan probably sent him a little money later, and Poe went to Boston. There he published a little volume of poetry, Tam erlane and Other Poems. It is such a rare book now that a single copy has sold for $200,000.00 In Boston on May 26, 1827, Poe enlisted in The United States Army as a private using the name Edgar A. Perry. After two years of service, during which he was promoted to the rank of Sergeant-major, he secured, with Mr. Allan's aid, a discharge from the Army and went to Baltimore. He lived there with his aunt, Mrs. Maria Poe Clemm, on the small amounts of money sent by Mr. Allan until he received an appointment to the U.S. Military Academy at West Point. It was during his later years at West Point that he showed a remarkable talent for writing. Exploring themes as diverse as spirituality, astronomy, science and depravity, Poe’s writing is as powerful and arresting today as when he was first published.

The appreciation and feasibility of higher education

As an emerging field of survey there are many challenges and inquiries that evoke when one declares higher instruction as a field of survey. Some people like Dennis Mileti ( 2003 ) could easy declare that since people talked about Emergency Management as a subject, â€Å" therefore it is. â€Å" Philips ( 2003:2 ) . In specifying higher instruction as a field of survey there are inquiries that will prosecute us for old ages to come as they have for the old ages ago. â€Å" Position documents will be written, perspective challenged, arguments entered in course of study commissions, turf conflicts waged in alumnus councils † Phillips ( 2003:2 ) . The argument is sometimes reduced to the inquiry of whose definition of ‘field of survey ‘ to be used. Philips ( 2003:2 ) suggests that we need to hesitate and analyze the yesteryear while contemplating the hereafter. How far we are with higher instruction as a field of survey and what way is it taking. We need to look back and state where we come from. harmonizing to Goodchild ( neodymium ) the survey of higher instruction has non yet reached adulthood but possesses many of the properties of scholarly field. He contests that programmes designed to fix individuals entry in higher instruction exist in profuseness. He besides states that there are about eight hundred professors who think of themselves as professors on higher instruction. This suggests that these professors would hold easy agreed with Mileti ( 2003 ) in that when people talk of something therefore it is. We need to look at what characterizes higher instruction and higher instruction as a field of survey in peculiar. Although in the past few decennaries there was really small literature sing higher instruction as a field of survey, new research suggests the antonym at the present. Hobbs and Francis ( 1973 ) and Francis and Hobbs ( 197 4 ) were able to that the theoretical research available in the disciplinary diaries was rare in the higher instruction. They besides found that there was small evident usage of periodical literature of the theoretical findings Kellems ( 1975 ( 3 ) , 135-154 ) . Goodchild ( neodymium ) suggests that there is a turning literature that deals with assorted parts of higher instruction sphere. So, this suggests that we are so traveling in a way. Let us utilize this definition of a ‘field of survey ‘ so that we can all be at par. This has no purpose to sabotage or pique anyone ‘s mind. Can we hold that as a field of survey, Higher Education is more embracing on the one manus, and does non hold its ain theoretical foundation, on the other? it relies on academic subjects such a societal scientific disciplines to explicate the educational procedure. Maybe it is because of this basic ground that we have seen less funding in the field of survey than in the academic Fieldss. Thingss have changed now, or they promising to alter or we need to alter things around. In the following subject I want us to look at the lively-hood and the sustainability of the field.Appropriateness and feasibleness of research within higher instruction.What can we look at and make up one's mind that we can take higher instruction as a field of survey? The argument comes back once more. When we look at the clip line of higher instruction we recognise many alterations with clip before 1994 and the state of affairs after 1994. By 1994, there were in south Africa 36 higher instruction Institutions, which were structured along racial and cultural lines and characterised by a crisp differentiation between universities ( 21 ) and technikons ( 15 ) OECD, ( 2008 ) . New lines would be drawn or are being drawn off from those of the yesteryear. Universities are get downing to see the bigger image now. Where all establishments want to go Centres of excellence. Some have chosen to go entrepreneurial university and other practical universities. the inquiry remains, how we become specializers in higher instruction if there is no specialization in higher instruction as a field of survey. How are the lectors prepared to run into the organizational aims? Nzimande, ( 2009:3 ) negotiations about the cardinal characteristics of higher Education and Training System. â€Å" aˆÂ ¦the system of HET will be supported by an institutional base that is both diverse and differentiated every bit good as being conceptualized as an integrated and consistent whole in which meaningful acquisition tracts are developed across institutional and workplace instruction and preparation signifiers. † Nzimande ( 2009:3 ) the people responsible for the development of these acquisition tracts are the higher instruction practicians. This sets out a challenge to all talks at Higher Education Institutions to prosecute in research in order to turn to the challenges that the curate of higher instruction negotiations about in the subject policy development. Other subjects in higher instruction would include but non restricted to higher instruction direction and leading, plan planning and development, research, passage surveies ( workplace to larning topographic point and larning topographic point to workplace ) . I view the followers as possible countries of research in higher instruction. The green paper on Skills development ( 1997 ) aimed to develop an â€Å" incorporate accomplishments development system which promoters economic and employment growing and societal development through a focal point on the instruction preparation and employment services † . if no 1 is making research on higher instruction we may ne'er happen out what this means and hence higher instruction establishments may ne'er be able to supply the service as suggested by the authorities. To simplify the above, in 1997 the above was taken frontward in the accomplishments development act ( 97of 1999 ) which aimed to: Develop accomplishments of the south African workforceaˆÂ ¦ . Encourage employers to utilize the workplace as a acquisition site Increase the degrees of investing in instruction and trainingaˆÂ ¦ Ensure the quality of instruction and preparation in and for the workplace ; To me all of the above I the act am research chances for higher instruction practicians. Lecturer and other higher instruction staff need to understand and hold expertness in the accomplishments needed for the work force. The lone manner we know how to break get new cognition is through research. This would assist the higher instruction establishments in footings of support from the authorities and other stakeholders based on the turnaround or the results of the preparation and sort of instruction they provide. This brings me to the quality of instruction and preparation in and for the work force. We need more people in the readying of lectors for covering with the demands of the work force. Through invention and promotion in engineering we may non keep the old cognition and hope that it will be equal for more old ages to come. The curate besides mentioned ‘quality intercessions ‘ which include among other things the debut of formal makings for talk Sers Nzimande ( 2009: 5 ) formal makings now will non needfully be formal makings in the following 10 old ages to come. We have seen state of affairss where establishments, in their quest to be the tbest, stop up bring forthing one line of work force more than any othrer. For illustration the University of Zululand is bring forthing more instructors than any other making at the present. Does it of all time occur to the leaders that at one phase these instructors will see what many people call a bottle cervix state of affairs, where there will be more pedagogues than the schools really necessitate? The Education white paper 3, and the National program for Higher Education ( NPHE ) in their policy paperss, they articulate increased engagement as one of the ends of Higher Education Transformation in South Africa, which is the accomplishment of equity in the higher instruction system.OECD, 2008. The higher instruction practicians are expected to react to this call and I f they are non prepared through research they will non react suitably. By reacting suitably I mean that engagement would be increased, equity achieved, and the quality of instruction non compromised. Increasing engagement and accomplishing equity in footings of gender, race, ethnicity, and socio-economic position is easy because it is a statistical issue. Covering with big Numberss of pupils besides needs a research base reply. A addition it is the duty showing itself as an chance to higher instruction practicians to venture out ways and agencies of covering with big Numberss in limited resources, for illustration. The other issue here that needs to be addressed is that of background. To reason, I would wish to indicate out to other fellow talks and faculty members that there is a brighter hereafter in higher instruction as a field of survey, and there can be more subjects than what I mentioned here.

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