Saturday, May 23, 2020
Power Of The Law And Intimidation - 831 Words
ASSIGNMENT # 2 (Small Group Discussion # 1) POWER RELATIONS IN LAW OBSERVED Reviewing an individual who was fighting a ticket within the provincial setting in traffic court. The accused was a white male approximately 19 years of age and was charged with failing to stop while going through a yellow light. In the City of London, Ontario, there are a number of initiative that take place on a monthly bases. The London Police department are known for, ââ¬Å"meeting their quota for tickets each monthâ⬠. This was one of those times. There are a number of power dynamics going on within this situation. The power of the law and intimidation, young white male discrimination (as he is a male, must be a poor, speed hungry driver), and legalâ⬠¦show more contentâ⬠¦Once in front of the white male judge, it took less than 2 minutes for the entire proceedings to occur. There was an obvious feeling of men against the female prosecutor, which in turn led to a change in statute of the defense lawyer. When she stood, she step slightly back, away from the desk, behind her accused. She appeared to diminish in front of my eyes. The prosecutor read the charge, and explained that the charge had been changed. At that moment, the judge looked up at the young man and lectured him on the dangers of driving. The lawyer stepped backwards a little more, as if she was fearful of the situation. This judge was discriminated against this young man because of his age and sex. As Pamela George states, ââ¬Å"The disqualification s of racialized victims is systemic throughout the criminal justice systemâ⬠(Chan Dorothy, 2014, p.35), which further supported when the judge asked the prosecutor if they were sure they didnââ¬â¢t wanted to keep the original charge, and offered to make the correction. Further stating, ââ¬Å"this would be a good lesson for the young manâ⬠(2014). This judge is suppose to be ââ¬Å"impartialâ⬠, ââ¬Å"neutralityâ⬠and provide ââ¬Å"objectivityâ⬠(Comack, 2014, p. 11) which is the backbone of the legal system, which provides the notion of legal positivism (Comack, 2014, p. 12). This judge used his power in the relationships in his court, to evoke various emotions, includingShow MoreRelatedHow far do you agree that the consolidation of fascist power in Italy in the years 1922-1929 was mainly due to the use of force and intimidation?1023 Words à |à 5 Pagesï » ¿How far do you agree that the consolidation of fascist power in Italy in the years 1922-1929 was mainly due to the use of force and intimidation? Mussolini consolidation of fascist power in Italy in the years 1922-1929 could have been mainly due to the use of force and intimidation. However this was not a straightforward process, since fascism was a new thing. In the years 1922 to January 1925 marked the transition from the liberal parliamentary system to the fascist state. Like many politicalRead MoreControlling Organized Crime Paper1206 Words à |à 5 Pagesbecame a nuisance over a period. The mob became a problem for society with their illegal activities such as gambling, racketeering and prostitution that includes other violent behaviors. The mafia was famous for manipulating individuals with their power and greed. These organized crime units became so popular that it took a group of FBI special agents and special trained police officers to shut down the most powerful and notorious organized crime units. This paper will provide definitions, principlesRead MoreShould Citizens Of The United States All Have The Same Rights?911 Words à |à 4 Pagescharged left and right with felonies in neighboring states when they are simply exercising what are everyday rights at home. Americans who have paid hard earned money to enjoy the very freedoms being threatened have the most to loose. Letââ¬â¢s look into the laws regulating concealed carry in America today and their constitutionality. The second amendment has been a point of contention for years in America. It has been subject to much scrutiny and interpretation. Cases during the 1800s saw the Supreme CourtRead MoreThe Violence Of The State Of Pennsylvania s Ethnic Intimidation Essay1369 Words à |à 6 Pagesdied two days after, due to injuries sustained during the altercation (Lopez, 2012). These six men were charged as adults, while three of them, Piekarsky, Donchak, and Walsh were charged with homicide and ethnic intimidation. The state of Pennsylvaniaââ¬â¢s ethnic intimidation statute is defined as ââ¬Å"the intention to commit any act, the commission of which is motivated by hatred toward the race, color, religion, or national origin of an individual or group of individualsâ⬠(Lopez, 2012). As theRead MoreNiccolo Machiavelli s The Prince854 Words à |à 4 Pagesonly possible through the intimidation of both Mongol soldiers and enemies abroad. The Ancient Babylonian ruler Hammurabi used fear in a rather different way than Alexander or the Mongols. Hammurabi established a code of law that was inscribed on stone across the Old Babylonian Empire (Cole et al. 15). While the establishment of rule of law may not seem like an intimidating act, the punishments promised should an individual break a rule would scare anyone into being a law-abiding citizen. OffensesRead MoreThe Underlying Methods Of Paramilitary Operations Used By White Redeemers897 Words à |à 4 PagesMississippi, define the terrorist methods of removing carpetbaggers and freedmen from positions of political power. The dissolution of Reconstructionist methods of federal dominance over the South was eroded with the removal of Federalist troops and Republicans from Southern state, which were ââ¬Å"redeemedâ⬠by racially divisive Redeemers. These violent/terrorist methods were part of the gradual increase in power by Redeemers throughout the 1870s, 1880s, and into the 1890s. Secretive attacks on freedmen, carpetbaggersRead MoreWhy the Government must, at times, infringe upon Individual Liberties such as Abortion1298 Words à |à 6 Pagesplace certain restraints on freedoms. These restraints have been instituted by all levels of government during times when action was warranted to provide for the protection of individual or group rights and public safety. These restraints, typically laws, have affected to varying degrees the absolute freedoms of people. Freedom, in this case, means the absence of external legal restraint to carry out actions of free will. Initially this seems to be undesirable, but when that act of free will isRead MoreCharacter Motivations in Antigone745 Words à |à 3 Pagesbeliefs that, first, the godsââ¬â¢ laws are more powerful than any law made by man, and second, that it is better to die a heroic death than a cowardly one. Throughout the play, Antigone stands firm on these beliefs by standing up for them even through her death as demonstrated through the following dialogue in which she admits her crime, and voices her beliefs to Creon; ââ¬Å"It was not Zeus who published this decree, nor have the powers who rule among the dead imposed such laws as this upon mankind; nor couldRead MoreCivil War During The Reconstruction Era906 Words à |à 4 Pages During the Reconstruction Era, Congress passed many laws to provide equal rights to people of color. But at the local level, specifically in the South, many Democrats took the law into their own hands. They supported the Ku Klux Klan (KKK) hoping to restore the pre-Civil War social hierarchy. The texts in Going to the Source illustrates two groups of individuals who opposed the KKK. In testimonies given by white witnesses, Republicans from the North felt the KKK posed a political and social dangerRead MoreConsolidation of Nazi Power 1933-1934 Essay1228 Words à |à 5 PagesAccount for the initial consolidation of Nazi power in 1933 - 1 934 Due to the failure of the Weimar Republic and general public dissatisfaction arising from poor economic conditions exacerbated by the Treaty of Versailles, coupled with the 1929 Wall Street Crash, German citizens were understandably desperate for change. Until this point in time the Nazi party, and Hitler, had been essentially unpopular. However, the economic situation ensured Hitlerââ¬â¢s increasing popularity as the people looked
Monday, May 11, 2020
Sample Essay on the Ethics of Dating Websites Do People Benefit from Online Dating
Dating industry, similarly to gaming, is huge. If one looks at the statistics, the numbers are impressive: eHarmony has 16.5 million users, Match.com has 23.5, and OKCupid has around 30 million with an average of 1 million unique users daily. Last year, a mobile dating app called Tinder invaded the market, which resulted in over 450 million profiles in less than a year. Meanwhile, the total industryââ¬â¢s revenue has been estimated at $1.75 billion. It is not entirely clear who benefits more: the big industry players who own dating websites or the users who surf these websites for online dating. Can users benefit from them at all? For those who are looking for a committed long-term relationship, dating websites might be not the best solution. Of the total number of marriages, 17% are those who met each other on a dating website. The situation with long-term partnerships is not much better: of the committed relationships, 20% have started online. At the same time, about 10% of dating websites users is sex offenders. This suggests that chances of finding a potential spouse are slightly greater than the ones of bumping into an offender. While the main purpose of any dating website seems obvious, which is finding a partner for a relationship of any kind, there is even more to online dating that usually lies hidden. The comparison of online dating realm to the gaming industry in the beginning was not a mere coincidence. People have been talking about gamification of the dating process as a result of technologization. It suggests instant gratification of peopleââ¬â¢s needs that cannot be momentarily achieved with ââ¬Å"real-lifeâ⬠dating. According to psychologists, a person would rather spend a few minutes assessing a hundred of potential partnerââ¬â¢s photos than dedicate an hour to finding out about the other one face to face. Online dating is rewarding. It is fast and it does not require too much of a personââ¬â¢s resources, except for money. Talking about money, a typical dating website client spends around $240 every year. There are a lot of in-platform purchase options that allow users not just to communicate with others, but to have fun as well. Thus, for some, an online dating network is a good way to look for ââ¬Å"the right oneâ⬠by narrowing down a number of search parameters, while for others it is just a fast reward system. Generally, in order to understand whether people actually benefit from dating websites, one should clarify the purpose with which he or she is using a dating website. If it is online dating as a way of having fun ââ¬âà an exchange of flirty messages or calls to kill some time ââ¬â then both parts should agree on this form of interaction. However, if it is a genuine search of a life partner ââ¬â or at least a search for someone to hang out with face to face ââ¬â then both parties should leave the limited settings of a dating website as soon as possible and start ââ¬Å"real-lifeâ⬠communication which will turn out to be much more rewarding. References Aretz, W., Demuth, I., Schmidt, K., Vierlein, J. (2010). Partner Search in the Digital Age. Psychological Characteristics of Online Dating-Service-Users and Its Contribution to the Explanation of Different Patterns of Utilization. Journal of Business and Media Psychology, 1. Ehrenberg, A., Juckes, S. White, K. Walsh, S . P. (2008). Personality and Self-Esteem as Predictors of Young Peopleââ¬â¢s Technology Use. CyberPsychology Behavior, 11 (6). Kim , M ., Kwon , K .- N . Lee , M . (2009). Psychological Characteristics of Internet Dating Services Users: The Effect Of Self-Esteem, Involvement, and Sociability on the Use of Internet Dating Services, CyberPsychology Behavior, 12. McKenna , K . Y.A ., Green , A . Gleason , M . (2002). Relationship Formation on the Internet: Whatââ¬â¢s the Big Attraction? Journal of Social Issues, 58. Valkenburg P.M . Peter, J . (2007). Who Visits Online Dating Sites? Exploring Some Characteristics of Online Daters. CyberPsychology Behavior, 10 (6). Whitty, T. W. (2007). The Art of Selling Ones Self on an Online Dating Site: the BAR Approach. In M. T. Whitty, A. J. Baker J. A. Inman (Eds.). Online matchmaking (pp. 57-69). London: Palgrave Macmillan. Armstrong, L., Phillips, J. G. Saling, L. L. (2000). Potential Determinants of Heavier Internet Usage. International Journal of Human- Computer Studies, 53.
Wednesday, May 6, 2020
Describe the Potential Effects of Discrimination Free Essays
string(113) " must have an in-depth explanation of how these could achieve the aims and objectives of your business proposal\." Applied Business Unit 8: Business Planning Task 6 Worksheet Task Six: Financial Planning YOU CANNOT START AND/OR COMPLETE THIS WITHOUT A FINAL SALES FORECAST AND A LIST OF ALL YOUR OPERATIONAL COSTS ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- Lesson breakdown ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- Lesson 1: â⬠¢Introduction to Financial Planning and how do we create an integrated plan: Focus on cash flow forecast using operations plan ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- Lesson 2+3: Cash flow analysis and develop aims and objectives; ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- Introduce ââ¬ËILP-time-offââ¬â¢ work to do ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- Lesson 4: Cash flow revisions, Problem spotting based on cash flow and develop aims and objectives ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- Lesson 5: Profit and loss account and Financial Ratio Analysis and developing aims and objectives ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- Lesson 6: Break Even analysis and then develop aims and objectives ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬ââ⬠âââ¬âââ¬âââ¬â- Lesson 7: Final Amendments to Financial Planning; Problem spotting based on Pamp;L, ratio analysis, break-even and develop plan Task 6 Brief Overview * In this section, you are going to produce financial documents for your business proposal. You will need to use the sales forecasts and operations plan that you produced earlier. This section is important as you are attracting investment and assessing the viability of your plan * Calculate, analyse and evaluate the following; Use these subheadings in your report * Size and duration of budget * Start-up costs Running costs * Cash flow forecast * Break even analysis * Financial ratios * Profit and loss * Analyse all your financial documents showing detailed consideration for the Aims and Objectives: * Are they achieved? * If not what are the possible problems this can cause your business? * Can you think of any solutions to help you to overcome these problems so that you could achieve your aims? SUBMISSION OF TASK 6 The following is to b e submitted as a Word document Use the following headings for your submission of your Financial Plan 1st submission. We will write a custom essay sample on Describe the Potential Effects of Discrimination or any similar topic only for you Order Now Copy and paste these into your final document: Submit all work on moodle for deadline 3rd December 2010 (4:15PM) 1. Financial Planning (main heading) 2. Cash Flow Forecasting Table (MB4 students need to submit 2 (+? )CFF Tables) a. Cash Flow Forecasting analysis (of each CFF produced) 3. Profit and Loss statement and Financial Ratios Table (MB4 students need to submit 2 (+? )Pamp;L and F/R Tables) b. Profit and Loss statement and Financial Ratios analysis (of each Pamp;L and F/R produced) 4. Breakeven Table (MB4 students need to submit 2 (+? )Breakeven Tables) . Breakeven analysis (of each Breakeven produced) TASK 6 FINANCIAL PLANNING CONTENT/ASSESSMENT CHECKLIST CRITERIA CASH FLOW FORECASTING| 1. Start-up budget: | a) 12 monthly graph (Cut and paste information from your cash flow forecast for your first graph)| b) Analysis needs to consider:| I. You must have an in-depth explanation of how these could achieve the aims and objectives of your business proposal. You read "Describe the Potential Effects of Discrimination" in category "Papers" | II. Research used to underpin and develop aims and objectives/ownership/key personnel| III. Research used to underpin and develop business idea| IV. Identify problems and solutions with your plan (develop it) and also your aims and objectives:| V. What changes to your original idea/USP/aims do you have to consider in light of this new data? | 2. Running costs: | a) 12 monthly graph (Cut and paste information from your cash flow forecast for your first graph)| b) Analysis needs to consider:| I. You must have an in-depth explanation of how these could achieve the aims and objectives of your business proposal. | II. Research used to underpin and develop aims and objectives/ownership/key personnel| III. Research used to underpin and develop business idea| IV. Identify problems and solutions with your plan (develop it) and also your aims and objectives:| V. What changes to your original idea/USP/aims do you have to consider in light of this new data? | 3. 12 monthly Cash Forecast: 1 : Your initial forecast used to help identify problems| a) Analysis needs to consider:| I. You must have an in-depth explanation of how these could achieve the aims and objectives of your business proposal. | II. Research used to underpin and develop aims and objectives/ownership/key personnel| III. Research used to underpin and develop business idea| IV. Identify problems and solutions with your plan (develop it) and also your aims and objectives:| V. What changes to your original idea/USP/aims do you have to consider in light of this new data? | 4. MB4 12 Monthly Cash Forecast: 2: A working example of your solutions to your identified problems in CFF1| a) Analysis needs to consider:| I. You must have an in-depth explanation of how these could achieve the aims and objectives of your business proposal. | II. Research used to underpin and develop aims and objectives/ownership/key personnel| III. Research used to underpin and develop business idea| IV. Identify problems and solutions with your plan (develop it) and also your aims and objectives:| V. What changes to your original idea/USP/aims do you have to consider in light of this new data? | PROFIT AND LOSS ACCOUNT| 5. Profit and Loss Account 1 : Your initial forecast used to help identify problems| a) Analysis needs to consider:| I. You must have an in-depth explanation of how these could achieve the ims and objectives of your business proposal. | II. Research used to underpin and develop aims and objectives/ownership/key personnel| III. Research used to underpin and develop business idea| IV. Identify problems and solutions with your plan (develop it) and also your aims and objectives:| V. What changes to your original idea/USP/aims do you have to consider in light of this new data? | 6. MB4 Profit and Loss Account 2: A worked example of your solutions to your identified problems in Pamp;L1| b) Analysis needs to consider:| VI. You must have an in-depth explanation of how these could achieve the aims and objectives of your business proposal. | VII. Research used to underpin and develop aims and objectives/ownership/key personnel| VIII. Research used to underpin and develop business idea| IX. Identify problems and solutions with your plan (develop it) and also your aims and objectives:| X. What changes to your original idea/USP/aims do you have to consider in light of this new data? | FINANCIAL RATIOS| 7. Financial Ratios: Gross and Net Profit for Pamp;L account 1| a) Analysis needs to consider:| I. You must have an in-depth explanation of how these could achieve the aims and objectives of your business proposal. | II. Research used to underpin and develop aims and objectives/ownership/key personnel| III. Research used to underpin and develop business idea| IV. Identify problems and solutions with your plan (develop it) and also your aims and objectives:| V. What changes to your original idea/USP/aims do you have to consider in light of this new data? | 8. MB4 Financial Ratios: Gross and Net Profit for Pamp;L account 2| a) Analysis needs to consider:| I. You must have an in-depth explanation of how these could achieve the aims and objectives of your business proposal. | II. Research used to underpin and develop aims and objectives/ownership/key personnel| III. Research used to underpin and develop business idea| IV. Identify problems and solutions with your plan (develop it) and also your aims and objectives:| V. What changes to your original idea/USP/aims do you have to consider in light of this new data? | BREAKEVEN| 9. Breakeven table and calculation:1 : Your initial forecast used to help identify problems| a) Analysis needs to consider:| I. You must have an in-depth explanation of how these could achieve the aims and objectives of your business proposal. | II. Research used to underpin and develop aims and objectives/ownership/key personnel| III. Research used to underpin and develop business idea| IV. Identify problems and solutions with your plan (develop it) and also your aims and objectives:| V. What changes to your original idea/USP/aims do you have to consider in light of this new data? | 10. MB4 Breakeven table and calculation:2: A working example of your solutions to your identified problems| b) Analysis needs to consider:| VI. You must have an in-depth explanation of how these could achieve the aims and objectives of your business proposal. | VII. Research used to underpin and develop aims and objectives/ownership/key personnel| VIII. Research used to underpin and develop business idea| IX. Identify problems and solutions with your plan (develop it) and also your aims and objectives:| X. What changes to your original idea/USP/aims do you have to consider in light of this new data? | TASK 6 ASSESSMENT GUIDE: HOW TO ACHIEVE THE BEST RESULTS? * You are assessed in Task 6 for BOTH AO2 and AO3 marks AO2 is marked out of 22 marks and all learners should be aiming for a minimum of MB4 which is 17/22 marks * AO3 is marked out of 14 and at this stage all learners should be aiming for a minimum of MB4 which is 11-14 marks. * We will award high marks for those learners who can: * Purposefully select data from a wide range of sources, * Analyse the problem and possible solutions * Develop their plan based upon res earch. * Give an in-depth explanation of how the marketing plan could achieve the aims and objectives of the business proposal. AO2 ASSESSMENT OBJECTIVES MB1| MB2| MB3| MB4| 2 3 4 5| 6 7 8 9 10| 11 12 13 14 15 16| 17 18 19 20 21 22| A business plan which includes aspects of the marketing plan. A description of how this supports the aims and objectives of the business proposal. | A business plan which contains the marketingPlan. A basic explanation of how this contributes to achieving the aims and objectives of the business proposal. | A business plan which contains a developed marketing plan. An explanation of how this could achieve the aims and objectives of the business proposal. | A business plan which contains comprehensive marketing plan. An in-depth explanation of how this could achieve the aims and objectives of the business proposal. | * Aspects of the components are produced * Superficial coverage of aims and objective| * The components are complete * Aims and objectives are broadly considered| * The components are complete and developed * Beginning to target particular aims and objectives, but lacks precision| * The components are complete, developed and address the key parts of the problem * Targeting particular aims and objectives with precision| AO3 ASSESSMENT OBJECTIVES MB1| MB2| MB3| MB4| 2 3| 4 5 6| 7 8 9 10| 11 12 13 14| Collects some up-to-date data from a limited range of sources. Uses numerical and/or non-numerical techniqueson the collected data to provide a partial analysisof the requirements of:â⬠¢ the marketing planâ⬠¢ the operations planâ⬠¢ the financial plan. Uses the results of the analysis to identify some relevant elements of the business plan. | Selects some up-to-date data from a limited range of sources. Uses numerical and/or non-numerical techniques on selected data to provide a partial analysis of therequirements of:â⬠¢ the marketing planâ⬠¢ the operations planâ⬠¢ the financial plan. Uses the results of the analysis to outline a relevant business plan. | Selects relevant and up-to-date data from a range of sources. Uses appropriate numerical and/or non-numericaltechniques on selected data to provide a partial analysisof the requirements of:â⬠¢ the marketing planâ⬠¢ the operations planâ⬠¢ the financial plan. Uses the results of the analysis to develop a relevant business plan, which considers the aims and objectives, form of ownership and key personnel required. Selects relevant and up-to-date data from a wide range of sources. Uses appropriate numerical and/or non-numericaltechniques on selected data to analyse the requirementsof:â⬠¢ the marketing planâ⬠¢ the operations planâ⬠¢ the financial plan. Uses the results of the analysis to develop a consistentand integrated business plan, showing detailedconsideration of the aims and objectives, form of ownership and key personnel required. | MB1| MB2| MB3| MB4| 1 2 3| 4 5 6| 7 8 9 10| 11 12 13 1 4| Collects data from a limited range of sourcesProcesses dataIdentifies some elements of the plans components| Selects data from a limited range of sourcesProcesses selected dataOutlines components of the plan| Purposefully selects dataAnalyses key parts of the problem or practical solutionsDevelops components of the plan| Purposeful selects data from a wide range of sourcesAnalyses key parts of the problem AND practical solutionsDevelops integrated components of the plan| Follow the below detailed overview of each task for advice and help on how to achieve MB4 for Task 6 Task 6 MB4 Detailed Overview CASH FLOW FORECAST, ANALYSIS AND DEVELOPMENT Lesson 1: Task 1 1. Download cash flow forecast from moodle 2. Complete pre start up budget (SEE CASE STUDY!! ) 3. Complete pre start-up costs calculated from T5 4. Insert monthly sales figures from final sales forecast 5. Insert monthly fixed costs calculated from T5 6. Insert monthly variable costs from T5 Lesson 2+3: Task 2 Analysis * All marks gained with this task is from your analysis of your financial data; not from your reports themselves. ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- Identify problems and solutions with your plan (develop it) and also how your aims and objectives can/canââ¬â¢t be achieved Learners can achieve MB4 in A02/A03 by following the Financial Planning Assessment Objectives which requires them to identify problem areas and developing practical solutions to consider alternative perspectives. What you will need to include will depend on your individual business proposal. You need to identify areas of weakness such as high fixed costs, start up costs? * Perhaps you need a cash injection by selling equity to help you pay for start up costs? It could be you source alternative suppliers for your variable costs or project that you will pay 30 days later which is to improve your working capital. * What is happening to the figures in the net cash flow cells, are you losing money each week? * This is a cash flow negative situation. * Or are you cash flow positive? * How long before you are cash flow positive? * Why is this so long? Lesson 3+4: Ta sk 3 MB4- Revised cash flow forecast * MB4- You need to produce a refined Cash Flow forecast based upon the analysis of the key issues identified in T6 task 2. This is to include the developments you have made. Label this Cash Flow Forecast 2. * You need to analyse CFF2: * Identify problems and solutions with your plan (develop it) and also if your aims and objectives can be met- How/Why? PROFIT AND LOSS and FINANCIAL RATIOS Lesson 4: Task 1 1. Download Profit and loss template from moodle 2. Insert sales for year 1 from your final sales forecast 3. What is the total cost of these sales? How much were the total variable costs related to the output. These are costs such as ingredients, packaging or price of the club. Put this figure in Direct costs/cost of materials sold 4. Calculate A-B to = C which is the identification of Gross Profit 5. Insert all other costs for the year in the respective headings, adding headings where needed. 6. Add up all your total overheads and insert this figure in D 7. Calculate C-D to identify Net Profit or Loss Figure 8. Calculate your Gross Profit MB4- Task 1 b Revised PROFIT AND LOSS and FINANCIAL RATIOS You must now repeat this action again for the second cash flow forecast figures * You need to analyse Pamp;L2 AND F/R2: * Identify problems and solutions with your plan (develop it) and also if your aims and objectives can be met- How/Why? Task 2= Financial Ratios Overview Profitability ratios are a key source of information for both investors and business planners. They provide a clear image of the business both in terms of your costs and profit. A strong ratio can be the difference between investment and failure. Task A 1. Use the figures in your first profit and loss account to calculate Gross Profit Ratio. ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- Gross Profit margin: ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- A measurement of how much profit the business has made on its buying and selling activities. ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â How good a business is at trading. ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬ââ â¬âââ¬âââ¬âââ¬âââ¬âââ¬â- Gross Profit margin= Gross Profit/turnover (Sales Revenue) X 100 (%) ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- The higher the % the better, e. g. ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- A GPM of 45% means that for every ? 1 of sales, the firm makes 45p in gross profit 2. Use the figures in your first profit and loss account to calculate Net Profit Ratio. ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- Net Profit margin: ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â It is a measure of how much overall profit the business has made after taking into account all relevant costs that have been incurred. à ¢â¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- Net profit margin= net profit/turnover (sales revenue) X 100 ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- The higher the % the better, e. g. ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- A NPM of 45% means that for every ? 1 of sales, the firm makes 45p in pure profit Task B MB4 Complete for 2nd profit and loss account if constructed CFF2 Task 3= Analysis You must now undertake a critical analysis of each profit and loss account with clear reference and commentary related to the key issues such as profit or loss, gross profit, overhead costs, GPM, NPM etc * Clearly relate back to the businesses achievement of its aims and objectives (explain HOW AND WHY THEY ARE ACHIEVED), developing or rev ising your aims where necessary in your business plan. * Make clear reference to the FIGURES from your profit or loss, gross profit, overhead costs etc * You must undertake a critical analysis of each financial ratio * Identify and problems and/or solutions: Are you profitable? If soâ⬠¦ by how much? * Can you grow? * Which costs are too high? * How can you improve your profitability? * What are the possible knock-on effects of these solutions for your businessgt; * Which costs could be reduced? If so what would the possible impact of this be on your business idea? * Which costs cannot be reduced further? Why? What problems does this bring up? * How does a cash injection help or hinder the financial ratios/Pamp;L? BREAK EVEN Task 1 1. Download the Breakeven table from Moodle 2. Input into the table your Annual Revenue (TR), annual FC and VC (with total FC and VC), and total costs. 3. You must then divide the total variable costs by the number of units you are selling in a year ( units can be the bottles/ no of clubbers you expect/ etc in a year) 4. This will give you the variable cost /unit 5. You must now calculate the break even OUTPUT point using the formula: 6. MB4 Calculate Break Even 2 from your revised financial documents 7. All marks gained with this task is from your analysis of your financial data; not from your reports themselves. Identify problems and solutions with your plan (develop it) and also if your aims and objectives can/cant be achieved * Do you break even? * If so at what output? * Work out from your sales forecast when you will reach this breakeven output level * What aims can be achieved? How? Why? * If you donââ¬â¢t breakeven; why not? * You need to identify areas of weakness such as high fixed costs, start up costs, raw material s, low selling price? * What aims cant be achieved? How? Why? * What could you do to solve this breakeven problem? (hint: see changing B/E variables section) 8. MB4 analyse the effect of changing variables (FC, VC and/or Price) on the break even figure. * Calculate the effect of changing variables (FC, VC and/or Price) on the break even figure: * Analyse these break even scenarios and link to your aims and objectives. * What is the effect on breakeven level? * What are the potential problems you have identified with your break even? * Are there any solutions you can recommend to the business? * Such as reducing selling price? * Increasing selling price? * Increase advertising to increase sales? Reducing fixed or variable costs further? etc How to cite Describe the Potential Effects of Discrimination, Papers
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