Introduction to Business Finance Essay

Used when a business wishes to buy a good. It lets the business supplier know the requirements of the company making the order. The form will include both purchaser and supplier contact details, along with an order and reference number. It will also show the quantity required, descriptions and prices. This will be the beginning of the process. It will be processed by the business, who will then get the order ready for dispatch. The use of these is an ongoing process. Delivery Note The delivery note is used by the business who is providing the goods. It gives the purchaser a list of all the products they will be receiving. It details any goods that are unavailable. It will also state the relevant order and reference number. This follows the purchase order in the sequence of events. Again, this is a document that is used in an ongoing process. Goods Received Note This document is sent from the buyer to the seller. It gives both businesses a record of what goods have actually been received. The businesses can use it as a check with the purchase order, delivery note and with their stock levels. This document will follow the delivery of goods. The buyer will check through all received and then produce the document. Invoice An invoice is a document that shows a business what payment is required. It gives all the details of the goods ordered and delivered, including the quantity and the price. It will also show any discounts, and if any VAT is being charged. This again will have the relevant reference and order numbers. Invoices are sent to businesses once delivery has occurred. Usually, invoices are sent on a regular basis. Credit / Debit Notes This will reduce the amount the buyer owes the seller. If payment has not been received, the buyer pays less, or the note can be used with future purchases. Reasons for this includes: * The business has been overcharged on the invoice. * There has been an error on the invoice e. g. the prices. * When damaged, faulty or unsuitable goods are returned. This will follow the invoice. The document will be sent after either the buyer or seller has highlighted the error or fault. Statements of Account sent by the Business The seller will send this document on a regular basis. It highlights to the buyer the current situation of their account. It will show what payments have been received and how much the business still owes. It also records all the invoices and credit notes the buyer has been sent. This is an ongoing process. It will occur on a regular basis – often monthly. It does not specifically follow the issue of any other document. Remittance Slips Advice The buyer sends this document to the seller advising that payment is being made to them. If the buyer is paying an invoice by cheque, they will usually include this with the remittance advice. These will be used on a regular basis. They will always follow the invoice. Cheques Businesses that have accounts with banks or building societies will be issued with a cheque system. A cheque is a method of payment for the buyer and seller to use. Usually, the buyer will write a cheque to make payments according to an Invoice or the amount on the Statement of Account. It is a safe method of payment, as it can be sent through the post and only the payee can use the cheque. These will be used on a regular basis. They will always follow the purchase and the business receiving its goods. It may be sent after the Invoice has been received or after the Statement of Account.

Nick’s Development in “The Great Gatsby” Essay

Nick Carraway, the narrator of the story, reminiscences of the summer he met Gatsby. He had just returned to America from WWI, where he had glimpsed everything from freedom to death. His horizons had been broadened significantly, so when he returned after the war, he felt stifled in the Midwest; thus his longing for the decadent and fantastic lifestyle of New York, but the problem with the fantastic is that it rarely has anything to offer beneath the surface. When he first arrives in New York, Nick is fascinated by the lives of the wealthy and the freedom they embody. However, as the novel progresses, he sees the impact of this behavior on the lives of others; he recognizes the atrocities that the elite of society commit toward those they consider beneath them. Daisy and Tom are too superficial and absorbed in living in wealth and Gatsby set himself a dream as a young child and has stuck to that throughout his life. Nick sees so many corrupt acts around him that he first tries to block them out, by acting artifical to fit in. However, once he realises that the people he is surrounding themselves with are liars and frauds, he begins to distance himself from them. The first obvious instance of this is when Gatsby is ‘watching over’ Daisy, and Nick narrates that â€Å"He [Gatsby] was clutching at some last hope and I couldn’t bare to shake him free. † This quote displays how Nick has given up on Gatsby and society’s superficiality and corrupt doings. This is one of the major instances of change in Nick’s life. By his thirtieth birthday, Nick realizes that this crazy, superficial lifestyle is not what he desires at all, and that he misses the wholesomeness of the Midwest. In this sense, Nick becomes rather representative of the 1920s: the turmoil and free living of the early part of the decade leading into the conservative 1930s. After witnessing the unraveling of Gatsby’s dream and presiding over the appalling spectacle of Gatsby’s funeral, Nick realizes that the fast life of revelry on the East Coast is a cover for the terrifying moral emptiness that the valley of ashes symbolizes. Having gained the maturity that this insight demonstrates, he returns to Minnesota in search of a quieter life structured by more traditional moral values.

International Business Essay Example | Topics and Well Written Essays - 2250 words - 1

International Business - Essay Example This essay describes these benefits and hindrances, referring to further case studies as justification for the arguments provided. The advantages of diversification There are many risks of servicing only a singular market with one product or service that has been attributed to placing all of a firm’s proverbial eggs in a single basket (Thompson, Strickland and Gamble 2013). Virtually every product or service offered by a corporation has an established life cycle, moving from a growth phase to an eventual decline along the life cycle model in which sales and demand begin to decline. The life cycle of the product is determined by a number of factors, including consumer behaviour changes, innovative product releases by competition that outperforms, competitive pricing instances that drive price-sensitive buyers to rival firms, or even new market entrants that increase choice and lower switching costs for consumers to defect to a rival brand. Whatever the case driving life cycle, corporations must be keenly and proactively aware of the ability of their singular product or service in sustaining long-run profit growth. Because of the risks of a stagnating local market, businesses achieve advantages by diversifying the business into a new international market. The most significant advantage is that diversification allows the business to spread risks (Thompson et al. 2013). Risk occurs through a variety of drivers, both internally-related and externally-driven. For a business operating in a single market with a lone product, any changes to demand can impact revenue growth and even complicate many of the value chain elements that support business, including human resources, supply chain and procurement, as... As illustrated by the essay, there are many risks of servicing only a singular market with one product or service that has been attributed to placing all of a firm’s proverbial eggs in a single basket. Virtually every product or service offered by a corporation has an established life cycle, moving from a growth phase to an eventual decline along the life cycle model in which sales and demand begin to decline. The life cycle of the product is determined by a number of factors, including consumer behaviour changes, innovative product releases by competition that outperforms, competitive pricing instances that drive price-sensitive buyers to rival firms, or even new market entrants that increase choice and lower switching costs for consumers to defect to a rival brand. This paper makes a conclusion that there are actually more advantages than disadvantages in selecting a diversification strategy. Revenue increases, better cash flow position, and cost reduction in a variety of support divisions along the value chain are the most prominent of these advantages. Inclusive in advantages are better scope of control, more efficient and cost-acknowledging logistics opportunities, and even currency valuation in favour of the diversified corporation. The described disadvantages of unsubstantial cross-cultural knowledge of the foreign market, high control and power of buying markets, and disruptive innovation threats would tend to offset advantages when these situations occur in the new international market. Despite the disadvantages, the long-run benefits of diversification supersede the potential hindrances of seeking this strategy for growth.

Terrorism in Southeast Asia Essay Example | Topics and Well Written Essays - 1500 words

Terrorism in Southeast Asia - Essay Example In spite of that fact if US being the most powerful state on the planet up till now, as well as that US has its assertive role in the region, the regions and the countries that have been facing the terrorism have not exactly been backing the US in case of the terrorism. It is to be seen as to why that is he case. Now the case has changes to some extent as we shall see in the case of Indonesia (Capie 2004., pp 1-3). South East Asia has been having periodical episodes of terror campaign as well as the episodes of political violence. Both scenarios are related ad counted in the terrorism heading. The terrorist activities include the communists group that is based in Malaysia, Indonesia, Thailand and Philippines. The activities are linked against the socialist regimes in these countries. In many cases, the terrorist activities have been directed against some states. As it happened in case of Christian anti-separatist groups in the southern Philippines who were opposing Muslim secessionists and militia groups in East Timor, Papua and various other parts of Indonesia. There have been some developments taking place after the war in Afghanistan in the era of 1980s. In this war, US supported mujahhedin guerillas fought against the soviet occupation forces. Since the 1980s, there have been changes in the face of the terrorist groups and the terrorism in the region (Manyin 2003., pp 12-17). Analysis The role of Afghans has been central to the development of the terrorist networks in south East Asia since many years. There are approximately 230 million Muslims in south East Asia, which is just the 20% of the total percentage of the Muslims in the whole world. This 20% of the Muslim population has moderate views about other religious groups. However, the extreme forms arose from other parts of the world including Saudi Arabia and Pakistan. The terrorist groups in these areas were making an appeal to the people to join them. The appeal was strengthened and heightened when there was a recruitment process that went on to recruit the people to fight against the resistance forces of Soviet Union in Afghanistan. Many powerful leaders of the Islamic groups based in Pakistan, Saudi Arabia joined the terrorist groups and were trained, and they served in Afghanistan. After this recruitment stage, there was a boost in the Islamic resistance in Afghanistan on a large scale. This added a lot to the new changes in the face of the Southeast Asian Islamic separatism. The funding was also being gained from stronger movements that were based on an international level having strong financial backgrounds. The role of socio economic factors The socio economic status has further added to the activities of the fundamental Islamic groups in Southeast Asia. All the Islamic movements need to have autonomy. Nevertheless, their mission of gaining autonomy has been under resistance. The resistance has been shown by many central governments. Alternatively, in some cases, the autonomy has been gained but it has been used or implemented in an ineffective way as in the case of southern Philippines. The madrasaas The world saw Asia drown in the financial crisis in the year 1997. Since than there has bean a pressure on the regional

Campus issue Essay Example | Topics and Well Written Essays - 750 words

Campus issue - Essay Example This assignment therefore discusses the problems that exists in Pepperdine University’s dining places and provides solutions to these problems. One day I had an interesting conversation with my friend Steve Wang who loved sports very much. He said to me, â€Å"After playing basketball with my friends, I become too tired to go upstairs to the Cafe or HAWC. Even though there is a food stand at the FF, the foods served there have lots of calories and students have to queue for long.† Another friend, Yu Duan, says â€Å"After a long sporting activity I need a nearby place to relax. The new cafe offers some nutritious foods such as chicken salad, fruits, and yogurt. However, these foods are high in calories and for sportspeople like us they are detrimental for our health.† From the sentiments of my two friends, it is clear that the University does not have enough food outlets to cater for the variant needs of students. A solution to this would be to build more food joints that would meet the need of different students especially the sportspeople. Breakfast offered in the Cafe has never changed. Omelets, sandwiches and chicken rolls have always been the order of the day. Most students have no interests in such unvaried breakfast menus offered every morning. As a result, most of the students forgo breakfast in the morning. I at one time overheard a student say, â€Å"Breakfast meals in these places are too monotonous. I am automatically full when I think of having breakfast here.† Therefore, I strongly suggest that the administration should direct the personnel in charge to vary the meals and have different meals for every morning. Although some students do not have meals in campus during the weekends, some of us who eat in school during weekends find the meals awful. Freshmen who do not have cars find it particularly difficult to drive downtown and enjoy the delicious foods in restaurants. My friend, Yu Duan, once made an interesting comment. He said, â€Å"The

Describe photograph Essay Example | Topics and Well Written Essays - 500 words

Describe photograph - Essay Example There are two small motorized boats in the middle foreground, one brown and one white, both being driven by single adult males towards the viewer. Other boats are moored amongst the poles on the left, and there are still more boats moving on the water. The canal flows in a sweep of steely blue, from the middle of the picture down to the front and to the right, where it forms the bottom right corner of the picture and turns into a turquoise shade, showing triangular wave patterns in the wake of the boats. There are no trees, and no sidewalks, but the water looks very like a street, because of the busy traffic of boats on it. It dominates the front and center of the picture, and clearly the photographer intended to capture the character of this interesting mode of transportation. Despite the boats which are clearly moving, there is serenity in the picture which comes from the expanse of water and sky, and the lack of human people, despite all the evidence of habitation and city life. The middle section of the picture consists of buildings on both sides, though those on the right are smaller than those on the left. About half way up the photograph on the right there is a large domed building, with several smaller domed towers to its right. This is clearly a special location, because it is much bigger than the other buildings around it, and it forms a striking silhouette against the sky, like a collection of upturned tea-cups on a table. Most of the domestic buildings have red tiled roofs while the domes are a mauve/brown color. Television antennae, flagpoles, and chimneys stick up from all the rooftops. Further up still, and in the distance, compared to the viewer, there is another tower, with a small sphere on the roof, resting on a square roofed building which has two round arches. Above all the buildings, and stretching over the whole top edge of the picture there is

Geico Case Study Example | Topics and Well Written Essays - 1250 words

Geico - Case Study Example Such, each company must strive not only to attract talent, but also to retain them as well through a total rewards program. Traditionally, rewarding employees has been equated with pay. Today, it is no longer applicable and â€Å"the definition of rewards encompasses the overall value proposition that the employer offers to the employee. It’s a total package that includes compensation (comprising of base pay, short-term incentives and long-term incentives), benefits (including health, retirement and work/life benefits, which account for an increasing portion of the rewards package) and careers (including training and development, lateral moves,stretch assignments and career incentives)† (Morris, nd, pg 6). In the case of Geico (2012), it employed a six facet item as part of its Total Rewards program which include Health and Well-being, Building and Securing Your Financial Future, Time Off and Leave Programs, Family and Life Programs, Education and Development and Amenit ies and Perks. Many aspect of Geico’s total rewards are consistent or aligned with the lectures in the Chapter 2 of our textbook which are as follows; 1. Increased Flexibility Geico’s reward program is not only tied up with pay. ... This provides Geico greater latitude to address the needs of its employees that would not keep them but also to make them highly motivated to perform. 2. Improved?recruitment and?retention The range of Geiko’s total reward program is indicative that the company really intends to retain its employees. More especially is the emphasis on family and life programs which very few companies offer as part of its compensation package. This component of Geiko’s total reward program would also be very attractive if not hard to resist among prospective employees who values work-life balance (Guld, 2007). It would also serve as a retention tool among its employees who have families to attend. For Geiko’s part, it would retain its best talent and attract the best talent in the market because of its attractive total rewards program. 3. Reduced Labor Costs/Cost of Turnover Having a flexible reward system designed to retain its employees will have an effect on Geiko’s bott om line in terms of minimal attrition rate, reduced labor cost and low or no cost for turnovers. Opportunity costs associated with labor turnover such as the low learning curve of a new recruit, higher inefficiency and disrupted work will also be avoided. 4. Heightened Visibility in a Tight Labor market One of the big advantages of having a responsive reward program is that employees would not only stay longer in the company but are also motivated to perform. Highly motivated employees performance would resonate to the labor market that a particular company, such as Geiko is a good place to work thus becoming Geiko as a preferred place of work among the best talents in the labor market. 5. Enhanced Profitability All of the