Analysis Of Small Enterprise: Jones Electrical Distribution

Analysis Of Small Enterprise: Jones Electrical Distribution Mr. Jones is having business in a large, fragmented and highly competitive environment. Profitability of his business depends heavily on sales volumes and costs. The sales are growing at around 18% per annum. However, the profit margin is not maintained at a constant level in terms of sales growth. Exhibit I shows that even though the sales growth was achieved in FY 2005-2006, the firm could not have higher operating profits. The sales revenue was nullified by huge rise in operating expenses. A close look at the profit and loss account reveals that the operating expenses are mainly consists of salaries and wages. It seems that in order to keep the fixed costs in control, the compensation of sales executives is quite high because of link to sales volumes. The sales growth has helped the employees to earn more than to the organization. Secondly, Mr. Jones is working with more than 100 suppliers. For such a small volume of business, 100 suppliers are in excess. This huge number of suppliers may create problems in tracking on accounts payable. The company is also having average days payable at 22.8 days in FY 2006, as compared to 9.8 days in FY 2005. During the last two years, Mr. Jones has not been able to take advantage of trade discounts. Mr. Jones is also making payments of $ 2000 per month to Mr. Verden, along with interest payment of 8% per annum. The face amount ($250000) can be considered as a long term loan for Mr. Jones. However, it is not evident from the P L account, that the interest paid on the loan taken from Mr. Verden is accounted for income statement. Mr. Jones is also building up fixed assets over a period of time; however, these assets were financed through his short term financing. It can be assumed that the short term finance was available readily for the operations, has been diverted to create long term assets and liquidating long term debts. These facts and assumptions imply the Mr. Jones is having a relatively aggressive approach in working capital financing of the firm. Main issue for Mr. Jones is to find a financing option for the firm. As the market is very dynamic and there is economy downturn, he is not able to forecast demand for his products for more than one year. Although, the following year looks quite promising and a good sale is forecasted, Mr. Jones is facing issue of liquidity. Mr. Jones is of opinion that the liquidity problem is causing the irregular cash flows and hence he need to borrow more money for daily operations. However the forecasted cash flow (Exhibit III) can show that there is no severe cash flow problem. A focused approach to accounts payable and accounts receivables will help Mr. Jones to overcome the liquidity problems. Around the main issue of arranging finance for the business, Mr. Jones has the additional issues of growing sales, reducing tension between the firm and suppliers, moderating salary for the sales staff and creating a strong relationship with the bankers. Looking at the financial statements (Exhibit I, II, III) we can say that the financial condition of Jones Electrical Distribution are satisfactory. The company is having steady growth in sales. The operating margins are also kept at optimal levels. However the company is facing problems managing their cash operations. A feel of cash crunch is guiding the firm to store more inventories, and as a result of that, the inventory levels have increased. The firm is also investing in fixed assets on regular basis. The firm is able to maintain the cost of goods sold to an optimal level since last few years. This has been the result of maintaining cordial relations with the suppliers. The firm is maintaining healthy liquidity ratios and growth ratios. However, the increase in days payable and inventory turnover is a bit of concern. Even if the cash conversion cycle is reducing, we can observe that days payable has exceeded the limit of 30 days. It means that if the relationship between the firm and supplier is not maintained, the firm can face the interest expenses for not managing their current assets. The firm is working on very thin operating margin. The increase in TIE (Times interest earned) over the years measurers that the operation income is declining and soon the firm will not be able to meet their annual interest costs. suggest of increasing sales volume on immediate basis to maintain profitability. The firm is also able to maintain retention rate of 100% after providing for the proprietorà ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒ ¢Ã¢â‚¬Å¾Ã‚ ¢s salary. This made sure that the firm will take minimal finances from outside sources. The major problem for Jones Electric Distribution Company is to manage cash for the new financial year 2007. And this problem looks like a temporary problem. The firm is having stored huge inventories in expectation of sales growth for the New Year. The forecasted analysis shows that a onetime credit enhancement from bank will help the firm to manage their finances better. A higher credit will help the firm procure inventory and use them in business. With improved collections and cash at hand, the firm can now manage for trade discounts and save money. Secondly, the firm will be able to retain a huge sum of $201,000 at the end of FY 2007. These funds can be used to retire their personal loan with Mr. Varden. Retirement of this loan will help the firm to improve on its profitability and the bank finance will be easier. It is also observed that additional finance from bank is helping the firm to avail trade discounts. The nominal cost of not taking the discount when credit terms are 2/10, net 30 is 37.24 % [( 2/98)*(365/30-10)], which is much higher than the 8% interest charged by the bank. Hence, it is advisable for Mr. Jones to go for a bank finance and use the money for availing trade discounts. Even if Mr. Jones adopt a slow growth strategy (to grow at the rate of 8-10%), and can manage with the existing facility of USD 250000/-, he can avail trade discounts and increase his earnings. However, one time use of bank finance will make sure that in coming years, Mr. Jones can be debt free and his firmà ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒ ¢Ã¢â‚¬Å¾Ã‚ ¢s financial performance will improve. Looking at the market growth and the risk appetite for Mr. Jones, we can advice him for taking an aggressive route and avail higher finances from Southern Bank and Trust. The financial projections are given below for various options. Following are the options available to Mr. Jones. Take Trade Discount and avail USD 350000/- Take Trade Discount and avail USD 250000/- Forgo Trade Discount and avail USD 350000/- Forgo Trade Discount and No Additional Financing We already seen that forgoing trade discount is a costly affair for the firm and hence cannot be used. So first two options are available for making a profitable decision. As Mr. Jones is forecasting the market as growing, he can use this opportunity to avail bank finance at USD 350000/-. This facility can be availed in two parts, Long Term and Short Term. Long term funds of USD 100000/- can be used with the cash received from business to retire the personal loan. Remaining USD 250000/- can be used for normal business transactions and avail trade discounts. These operations will make sure that Mr. Jones is having stable business operations in under one year. While going for financial restructuring, Mr. Jones can also look forward to change the salary structure of Sales Personnel. FRICTO Analysis. Flexibility : An additional finance of US $ 100000/- will help Mr. Jones to manage his future cash flows. Mr. Jones is already maintaining a healthy RR of 100%. This helps the firm to keep the Debt/Equity ratio in control. The continuous operations will make sure that Mr. Jones can avail more finance as and when required. Risk : Mr. Jones required reducing his number of suppliers and focusing on few major ones. With reduction of suppliers, it will be easier for him to manage accounts payable and he can demand better credit terms. Income : Cost reduction will be the focus area for Mr. Jones, in an attempt to increase profits for the firm. As the firm is working on very thin margins, any excess spending will hamper the profitability of the firm. Mr. Jones needs to give closer look on operating expenses, which are increasing ahead of sales growth. Control : Mr. Jones can decide on which option to choose for the betterment of the firm in long term. Timing : As the business is in growing stage, Mr. Jones is able to take risks, depending on his relations with supplier and buyers. It is also beneficial to avail additional finance when business is growing. Others : The risk appetite of Mr. Jones, his relation with the suppliers and an in depth knowledge of the industry is the key success factor for the firm. The success of the firm depends heavily on Mr. Jonesà ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒ ¢Ã¢â‚¬Å¾Ã‚ ¢ insights. Exhibit I Exhibit II Exhibit III Exhibit IV

Essay --

The Girl in the Tangerine Scarf The Girl in the Tangerine Scarf is written by Mohja Kahf and is a coming of age story as the main character, Khadra tries to find her true identity. Khadra Shamy is the daughter of Syrian immigrants who moved to Indianapolis. Khadra grew up in a strict Muslim community and both of her parents were very involved with the Da’wah Center. In the strict Muslim community that Khadra was raised in, all children were brought up believing in one definition of Islam and rejecting all other definitions and practices. Throughout the book we learn how Khadra’s parents lied to her about some of the Islamic teachings she thought to be true during her childhood, which interferes with her search for her identity. There are several examples of social pressures and realities throughout the book that help shape Khadra’s identity, many of which girls of any religion or culture would struggle with in their own way, making this novel relatable across different cultures. The first life-changing event that Khadra encounters is the rape and death of her close friend Zuhura. Zuhura represented a hybridization, in the sense that she was a strong muslim woman, but also wasn’t afraid to interact with Americans, unlike most of the community. Zuhura was like a sister to Khadra as well as a mentor. Upon the rape and death of Zuhura, Khadra tightened her grip on her religion. She saw Zuhura’s death as what could happen if you try to interact with Americans and don’t abide by the community’s strict Islamic teachings. Khadra gets married to Jumu’ah al-Tashkenti upon returning from her trip to Saudia Arabia for the Hajj. Khadra marries him because she thinks he is an ideal, strong Muslim man, and that is what she thinks that she ... ... of a different religious background. She depicts Khadra’s journey not as her breaking free from the strict rules of the Muslim community she was raised in, but rather focused on situational experiences that Khadra had to overcome to find her religious identity. It is in a sense a coming of age story in which the Khadra experiences things that are realistic and relatable because they can happen on a daily basis to anyone. The novel depicts that how you react to the social pressures defines you as well, which is a concept that is often lost, yet Mohja Kahf depicts this clearly. The Girl in the Tangerine Scarf shows how social pressures and obstacles shape your identity and without them, you could be stuck just adopting the same identity as your parents. Ashley Fleetwood Word Count: 1,040 Kahf, Mohja. â€Å"The Girl in the Tangerine Scarf†. Public Affairs. New York. 2006.

Agiesm

Myths can be considered a common way for society as a whole to develop stereotypical Judgments upon the elderly community. Myths create negative attitudes that often create discrimination within society that enhances untruths about the elderly population. In order to see the myths that hinder society as a hole taking a look at what ageism Is is in fact beneficial to bring truth to the table. What Is ageism? Ageism Is a social attitude that has created myths wealth society that have endorsed society's stereotype of aging adults within communities.Myths are can be generated by many things such as demeaning comments passed on from person to person or by simply turning on the television and seeing negative adaptations of what life Is like as an elderly person. â€Å"Many social psychologists and gerontologists cite the media as a major source of negative stereotypes of the elderly' (Martin, 2007) (up. 141). Fear of growing old can generate the social attitudes seen in ageism that brings about negative behaviors to cloud people's Judgments and ultimately result In myths. Language is one of the most pervasive ways that ageism exists and persists In our society' (Wilkinson, Ferreira, & Nelson, 2004, up. 341-342). Terms used in daily conversations such as; old people, grumpy old men, they can't do it they are to old are all types of languages that support ageism in society today. Interventions and strategies with ageism are to educate the public on the rigorousness of discrimination and taunting language directed towards our aging adults.In today's societies many options are available for the elderly to seek refuge in these times of need. According to Martin (2007), † contrary to the common belief of many in the United States, most elderly individuals remain in their homes until death and are cared for by family members† (up. 142). In some situations a family member may move their aging relative or loved one into their homes to make it easier for them to m aintain constant care needed on a twenty- four hour basis. Retirement communities offer numerous accommodations that assist ND care for aging adults in a setting that creates an active lifestyle.Some communities offer clubs, crafts, physical health classes, cooking facilities, pools, beautiful landscapes to walk in and anything else that will empower yet keep a well balanced lifestyle. â€Å"Government subsidized senior housing can make housing costs more affordable for the elderly population, whether in the form of a subsidy provided directly to the elderly in form of tax credits, loans, or rental vouchers, or subsidies provided to the housing community, which passes on this discount to the enter† (Martin, 2007) (up. 143).Finally there is assisted living facilities (ODL) designed to accommodate individuals who need around the clock care and assistance. This option of residency is an apartment typesetting that is based around structured living. In an (ODL) environment there w ill be all types of assistance to various needs from the residence in the forms of eating, bathing, walking, exercising, getting dressed and even help with taking medications on time. Most (ODL) communities will have Can's (Certified Nursing Assistants) as well as on tie Urn's (Registered Nurses) that provide most of the assistance needed for care.

Why You Should Consider Uploading Your Books to IngramSpark

Why You Should Consider Uploading Your Books to IngramSpark How can you add another stream of passive book-sale income? Upload your books to  IngramSpark. Ingram has been a global book distributor for decades, and partnered with Lightning Source in 2009 to become a print-on-demand publisher. The beauty of print-on-demand is that you don’t have to pay for a print run- books aren’t printed until they’re actually ordered.   As a long-time global distributor, Ingram makes books available for distribution to every outlet in the world, including libraries, indie bookstores, and university bookstores. Some authors have complained that even local bookstores who love local authors won’t carry books printed Other authors complain about CreateSpace’s bad customer service, hidden costs, and the quality of the books. I’m not saying CreateSpace isn’t a great option, because I personally know several authors who are very happy with their experience of publishing with CreateSpace. But why not take advantage of every market? I especially appreciate having my books available on  Indiebound.org  for readers who carry torches for indie bookstores. And the real plus for IngramSpark is that you can send a copy of your book for consideration to Barnes Noble’s Small Press Department (barnesandnobleinc.com/publishers-authors/sell-your-book-at-barnes-noble/). So far, I’ve had three of my books accepted, and when I sent two together, BN ordered 36 copies of each. Plus, if you promote your books with BN links, there’s nobody there selling used copies of your books to take new sales away. If you use IngramSpark, you can bop around to bookstores and let them know your book is available in Ingram’s database (or, if you’re an introvert, just call and ask if they have it - maybe they’ll order a couple!). Before you quit your day job, there is a caveat: if you want to sell many books, you have to choose the 55 percent discount to booksellers, and make the books returnable. After Ingram takes their cut, I only make a bit over $4 per book. You can choose a 40 percent discount, but probably won’t sell as many books. Here’s a tip: IngramSpark usually has two periods during the year when they offer a free promo (spring and fall), so you don’t have to pay their standard $49 (print) or $25 (ebook) setup fee.   If you’re in a hurry, that’s not even a high price.   You’ll need to buy an ISBN (https://www.myidentifiers.com/). I have a lot of books, so I made one quantity purchase when I began, which was my primary expense ($295 for 10 ISBNs). Buying your own ISBN lets you provide comprehensive details about your book (including searchable tags) for Bowker’s Books in Print database, which is used Unlike Amazon, IngramSpark provides no setup support- you’ll need to complete the entire pre-production process yourself or hire someone to do the editing and the interior and cover designs, so you have everything (interior and full-size cover) ready to upload.   Interior design is not that hard, and IngramSpark offers very clear info about their specs to make the learning curve easier.   It does take some time to master the process.   After you upload, you’ll receive specific info about any changes that are needed. There’s also a Cover Creator tool, which will send you a template to work with based on the size of your book. Two more reasons: the quality of the books is generally very good, and customer service is excellent. You can even get chat support during office hours in the midst of a frustrating issue. Some authors use both CreateSpace (to get Amazon’s attention) and IngramSpark. Might as well cover all the bases Happy Publishing!

The eNotes Blog Scholarship Spotlight January2016

Scholarship Spotlight January2016 Every month, we select some of the best scholarships around and post them here on our blog. When you are ready to apply, check out our tips on How to Write a Scholarship Essay. Visit   Essay Lab if you’re looking for a writing expert  to review and provide feedback your scholarship or college application essays! EditRevise $10,000 Scholarship Essay Contest Amount: Up to $10,000 Eligibility:  You must be applying for an undergraduate degree for enrollment at an accredited institution within the United States or Canada in 2016 (or 2017 if taking a gap year).  Your application must be received by 11:59PM ET on January 15th, 2016 to be eligible.  Recommendations can be from anyone. They will read the 500 essays with the most recommendations. Requirements:  Submit ANY essay you used for a college application. Due Date: January 15, 2016 at 11:59PM ET Learn more and apply Northwest Perspectives Essay Contest Amount: $750 stipend Eligibility:  Oregon Quarterly Northwest Perspectives Essay Contest welcomes nonfiction, personal essays of up to 1,500 words on any topic related to the Pacific Northwest. The contest is open to all nonfiction writers, except: (1) first-place winners from previous years’ contests; (2) authors who have written a feature forOregon Quarterly in the past calendar year; and (3) staff of Oregon Quarterly, the UO’s University Communications division, and their family members. Requirements: They strongly prefer that essays be submitted via our online form.  Hardcopy entries can be mailed to: Oregon Quarterly, 5228 University of Oregon, Eugene, Oregon   97403-5228.  Authors name and contact information (email address, phone number, and mailing address) should be listed on the first page, but not on other pages of the document. Judges are not given the authors’ names when reading the essays.  One entry per person.  Maximum length is 1,500  words.  Entries will not be returned. Those that do not meet these submission guidelines are automatically disqualified. Due Date: January 20, 2016  (online submission and postmark date). Learn more and apply Microsoft Scholarship Program Amount:  Up to full tuition. Recipient will be required to apply for a summer internship and if offered, must complete the internship at Microsoft Corporation in Redmond, Washington. Eligibility:  Applicant must be enrolled full time in a Bachelor’s degree program at a four-year college or university in the United States, Canada, or Mexico. Applicant must be working towards an undergraduate degree in computer science, computer engineering, or a related technical discipline such as electrical engineering, math, or physics. Requirements: Submit your application  here! Due Date: January 31, 2016 Learn more and apply Technology Addiction Awareness Scholarship Amount: $1,000 Eligibility:  You must be a high school freshman, sophomore, junior, or senior or a current or entering college or graduate school student of any level. Home schooled students are also eligible. There is no age limit. You must also be a U.S. citizen or legal resident. Requirements:  Complete the application form below including a 140-character message about technology addiction. The top 10 applications will be selected as finalists. The finalists will be asked to write a full length 500- to 1,000-word essay about technology addiction. Due Date: January 30, 2016 Learn more and apply

The Laws of Leadership Essay Example | Topics and Well Written Essays - 250 words

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Your own travel story Essay Example | Topics and Well Written Essays - 1500 words

Your own travel story - Essay Example The people of this island are very well behaved, honest and hardworking. They are very much sincere towards their job and they do everything with all the heart. We started our journey in the morning from The Harbor Front by a ferry and reached The Batam Center exactly after 45 minutes of amazingly breathtaking ferry ride at the Batam Central. The total journey cost around 45$ per person. The beautiful beaches of batam along with the always smiling people of the island were there to welcome us the port. According to the visa policy of the island, citizens of Singapore, Thailand and Malaysia can gain visa free access to the country while citizens of other countries have to pay a visa fee of 10$ to get entry into the island and a 7 days visa upon arrival is stamped. When we reached the island first of all we hired a taxi for two days and it was decided that the driver will be our host for the next two days and it will be his duty to take us to all the famous places in the island and in return we will give him 150$. The next thing we had to do was to look for a place to stay overnight. As per the suggestion of our friendly host the place called Batamholiday apartments was probably the cheapest ones available there and they were self catering apartments. So we headed off to the apartments and rented an apartment for one night. After getting fresh it was time now to explore the island and the cultures is it and again following the suggestion of our host, we decided to visit the Galang Refugee Camp in the south end of the island. This is a Vietnamese refugee camp but closed down in the 1995. Although it is closed now and it has been years since it is but this place has been kept well preserved and it still feels like it was just yesterday when people used to live there and the place is still full of live. After getting a dose of history we decided to see some pieces of art present in the city and the driver told us there is a mosque in the