Importance of Business Mathematics in Mba Essays

Importance of Business Mathematics in Mba Essays Importance of Business Mathematics in Mba Essay Importance of Business Mathematics in Mba Essay The Community Development Transportation Lending Services, Inc. , CDTLS Insert your Business Logo Here (if you have one) Insert Your Business Name Here Phone Number Here DATE Table of Contents Purpose Statement1 Executive Summary1 Business Information1 Personal Financial Statement1 Business Description2 Business History2 Personnel and Organization2 Marketing Information3 Market Analysis3 Market Research3 Competitors4 Market Segments5 Target Market5 Marketing Mix Strategy5 Products/Services5 Promotions5 Distribution6 Pricing6 Suppliers6 Marketing Goals6Financial Information6 Use of Loan Money7 Start-Up Costs7 Profit and Loss Statement7 Cash Flow Information8 Balance Sheets8 Revenues vs. Costs8 Financial Projections8 Assumptions8 Growth Projections 9 Appendices9 Purpose Statement State the purpose of your business: what products you intend to manufacture, what services you intend to provide, and so on. Give a list of your goals for the business, with measurable, definite outcomes. Explain how you’ll measure your progress on each goal. * First goal, dates, measurements * Second goal, dates, measurements * Third goal, dates, measurementsIf you are starting a business and need to borrow money, state the amount of loan money you need, how much capital you have, how long you’ll need to pay the loan, the purpose of the loan, the results of the loan, and the collateral you’re putting up. Executive Summary Give a brief, concise overview of your business plan, including the company’s name, location, history, management, products, growth projections, and so on. Give the name, address, phone number, fax number, and e-mail address of a contact person inside your company. Business Information In this section you’ll give an overview of your business.Give your company’s name and location. Describe the building (you can also include a scanned photograph of it). State the nature of the business and what kind of business it is (partnership, private, public, whatever). Give the anticipated date the company will be open for business. List the names of the owners and how to contact them (addresses, phone and fax numbers, e-mail addresses). Personal Financial Statement If you are starting a business, briefly explain your current finances. You will need to include the last 3 years’ personal tax returns and authorize the lender to obtain a personal credit report.Business Description Give a detailed account of your business. List and explain the good characteristics of your business that will help you succeed. * First characteristic * Second characteristic * Third characteristic List the hours your business will be open. Give a brief overview of how you see daily operations running. Explain your accounting processes and quality-control systems. The types of information you give depend on what kind of business you run. Business History Give a history of your business. Who founded it and when? Why? Give the purchase or startup prices and reasons.Explain the market growth or sales trends that made this business possible. Personnel and Organization Overview the organization of your business. Explain how many people work for the company, what their job descriptions are, and their qualifications. You may want to include employee’s resumes. Explain your training and advancement programs. List departments/divisions, and so on, with responsibilities, and numbers of employees. * First department, responsibilities, # of employees * Second department, responsibilities, # of employees * Third department, responsibilities, # of employeesMarketing Information In this section you’ll describe the market your business competes in and your strategy for competing. Fill this in completely, as it can help you keep your goals in mind as you proceed with your business. Market Analysis Give concrete information about the market you intend to compete in: current situations, trends, projections [pic] Market Research Explain the market research you’ve done about each product and/or service you intend to provide. Give and explain industry analysis, customer information, and market share and suppliers. CompetitorsGive the names, locations, sales, and market share of your competitors in this market. [pic] List the competition’s strengths and weaknesses. Strengths * Competitor’s strength * Competitor’s strength * Competitor’s strength Weaknesses * Competitor’s weakness * Competitor’s weakness * Competitor’s weakness List your business’ strengths and weaknesses, and the advantages your business has. Strengths * Our strength * Our strength * Our strength Weaknesses * Our weakness and how to overcome it * Our weakness and how to overcome it. * Our weakness and how to overcome it. Advantages First advantage * Second advantage * Third advantage Market Segments Describe the market segments you plan to compete in. Give the demographics, geographical areas, and other information about the customers you want. Match your products’ features to the customers’ needs and wants. Target Market State the primary market you want to compete in. Give the demographics, geographical areas, and other information about the customers in that market. Describe and profile the businesses you want to sell to. Marketing Mix Strategy Give a narrative description of how you intend to market your products.List the different marketing methods and how much you will rely on each one. List each product or service and how much you will market it. Products/Services List what you will sell. Describe customer service plans, market positioning, inventory control, and quality standards for each product or service. * First product * Second product * Third product * Promotions Explain how you will promote your business. List what types of advertising you’ll use (media, direct sales, sale promotions, publicity campaigns, and so on). Distribution Explain how you plan to distribute your products or services.Will you use direct distribution? An established channel? Give facts about your business sitelocation, parking, security and so on. Give a floor plan of a store or warehouse. Identify any resellers, retailers, wholesalers, or suppliers you plan to work with. Pricing Explain your overall pricing policy. Estimate the average purchase amount. Describe sales terms and conditions. Explain any credit plans you intend to offer. Suppliers List the name, location, product, amount, and agreements you have with each of your suppliers. * First supplier * Second supplier * Third supplierMarketing Goals Give a list of your marketing goals for the business, with measurable, definite outcomes. Explain how you’ll measure your progress on each goal. * First goal, dates, measurement * Second goal, dates, measurement * Third goal, dates, measurement Financial Information In this section, you’ll describe the financial aspects of your business, including start-up costs and loan use (for beginning businesses), profits and losses, cash flow, and more. You should include current balance sheet and other legal financial documents if necessary. Use of Loan MoneyIf you are starting a business and giving this plan to the loan company, be sure to include information about how you intend to use the loan money: equipment, inventory, salaries, rent, facilities, and so on. | | | | |Use |Description |Amount | | | | | |First use |Explanation of use |$0. 0 | | | | | |Second use |Explanation of use |$0. 00 | | | | | |Third use |Explanation of use |$0. 00 | Start-Up Costs Explain the costs of starting the business.Give the amount of capital you put into the business, and where it came from. [pic] Profit and Loss Statement Attach a detailed profit and loss statement. Explain sales, cost of goods, operating expenses, and so on, that contributed to profits and losses. Show second and third years’ pro formas on attached sheet. Cash Flow Information Attach a detailed statement of cash flow in any business accounts. Show the beginning balance, sources of income, expenditures, ending balances. Show first year of cash flow on attached sheet Balance SheetsAttach current balance sheets. Explain current assets, fixed assets, liabilities, and equity. Show pro forma balance sheets for all years. Revenues vs. Costs List fixed and variable expenses against your income. Analyze how much you need to make to cover your costs. Financial Projections In this section, you will make financial predictions based on your company’s current performance and your marketing and business planning for the future. This will explain your numbers on your profit and loss statements and cash-flows. AssumptionsList and explain what you based your projections on (economic and market trends, competitors’ actions, new products, and so on). Be sure to explain what you took for granted as you began your projections. * First assumption * Second assumption * Third assumption Growth Projections Give areas of growth, estimates of the extent of growth, and factors influencing growth. List both internal (personnel, divisions, new products) and external growth (new markets, increased sales, geographic spread). * First factor * Second factor * Third factor Appendices Attach any balance sheets, resumes, spreadsheets, and so on.

We Ask Admissions Officers Whats the #1 Fact You Wish Applicants Knew

We Ask Admissions Officers What's the #1 Fact You Wish Applicants Knew SAT / ACT Prep Online Guides and Tips College admissions can be confusing, with a lot of contradictory information thrown around. It's hard to separate fact from fiction, which is frustrating since the stakes are high and you may not realize you made mistakes until it's far too late. In this exclusive article, we decided to consult university admissions officers and counselors around the country to break through the noise. We asked them a simple question: "What's the #1 fact you wish college applicants knew about admissions?" The results might surprise you. #1: We Want a Well-Rounded Class, Not Well-Rounded Students We've all heard the adage of schools liking well-rounded students, so many hopeful applicants try to do a little bit of everything at once. This might be a huge mistake. Jeannine Lalonde, Senior Assistant Dean of Admission at University of Virginia, tells us: The area that students seem to divert so much applicant time and energy away from more important things is the extracurricular section of the application.When I was in school, someone came up with the phrase "the well-rounded student" and I fear that term has become and albatross that hangs around everyone high school student's neck. They think there's a check list that we use as we read and we want to see leadership, athletics, community service, something creative, something academic, etc. They think that if they don't do everything, then they must be an expert in one thing. So either be a jack of all trades, or headed to the Olympics. The fact is that the philosophy at my school and many others has evolved. We're looking to build a well-rounded class. A well-rounded class has all kinds of students in it. Really, though, academics will always come first. So amount of community service will make an admission officer forget that a student didn't challenge themselves in high school. When I read a file, most of my time is spend analyzing the transcript, reading the recommendations, and reading essays. Extracurricular activities are...extra! #2: Demonstrate Your Character - Be Someone Colleges Want In Their Community Applications aren't just about your test results and achievements. Colleges want you to be someone they're comfortable accepting in their community. Your job is to demonstrate that you have the character to be this person. Carol Barash, former English professor and admissions counselor at U Michigan, Rutgers, and Douglass College, writes: The thing that matters mostthe one thing you can control in the admissions process and for the rest of your lifeis your character. When you show up, what can people count on you for? This is really what colleges want to know. Colleges are communities, and admissions officers are building diverse communities of individuals who will coalesce and work togetherin classrooms, dorm rooms, and across the broad range of activities that make up the college community. Use the college process to explore your character: what are your strengths, your passions, and especially your commitments? Once you have a sense of where you are going, look back into your life experience and uncover the stories that are connected to that place you are going. Where are the moments when you changed, grew or made a difference? Those defining moments are the cauldron of character; those are the moments you want to write about in your college admission and scholarship essays. #3: Use the Admissions Office to Your Advantage Admissions offices seem daunting - they can decide your fate and thousands of other students in a single stroke. But you should realize that the office is made up of people who care about the school and about their students. Jeff Knox, former Admissions Officer at University of Pittsburgh, advises: The average college admissions professional is young, usually in her 20s. Students tend to think admissions committees are made up of a bunch of older curmudgeons perusing their applications and essays over bifocals.Don’t be afraid to call or email the admissions offices. They are (almost always) super nice and helpful. In my experience, I deal with a lot of students stressing out over pretty simple questions that could easily be answered with a simple phone call. Especially because colleges have different policies and preferences and because student questions are often so specific, it’s important to go to the source with many questions. Rather than guessing or trying to figure it out on your own, just contact the admissions office directly. #4: Maximize the Effectiveness ofthe Supplemental Essay Private admissions counselor and Harvard PhD Robert Kohenbelieves that students underestimate the value of the supplemental essay. Treating this as an afterthought is a big mistake: Students dedicate so much time to perfecting their personal essay that they often forget to leave adequate time for the smaller, supplemental questions that most colleges ask on the application. These essays usually ask about why the student wants to attend a particular school. It's imperative that students both spend adequate time researching the college and fine-tuning these essays. The most common mistake students make is simply repeating generic information about the university: it's in a great city, its academics are spectacular, and the campus is beautiful to boot. Instead, students should write about specific details that align with their own interests and show they've done their homework. For example, does the university offer a particular type of student group unique to that school? Does it have a particular professor the student is interested in working with, or a special research institute that speaks to the student's academic interests? It's critical that students include these types of details in their supplemental essays in order to stand out from the crowd. What's Next? Is there a burning question you want answered by college admissions officers? We'll reach out to our network. Just leave a comment below about what you want us to ask. Want to excel on the SAT or ACT? Read our famous guides to scoring a perfect SAT score or a perfect ACT score. How good of an SAT/ACT score do you need to get into your target college? Calculate your target score for the SAT or the ACT. Want to improve your SAT score by 160 points or your ACT score by 4 points?We've written a guide for each test about the top 5 strategies you must be using to have a shot at improving your score. Download it for free now:

Countrywide Essay Example | Topics and Well Written Essays - 250 words

Countrywide - Essay Example Otherwise, the ratio dropped to -11.61 in 2007 due to the general depression that affected the global economy (Kaplan, 2011). We can attribute the drop to predatory lending prices and slow housing market. The company was involved in the strategies only to lead it into problems. It is important to recognize that the company experienced a low return on assets. Ethics is a major determinant for the success of any business organization. The company’s poor performance can be partly attributed to unethical practices that it engaged while trying to maximize profit and introduce new products (Kaplan, 2011). For instance, subprime mortgage is a loan given to people with low income taking advantage of their lack of understanding of terms of the loans. The company misled the borrowers that it had a fixed rate in order to attract more clients yet they new that the people could not afford. The strategy lowered reputation of the

Fuzzy Concepts Discussion Posts Essay Example | Topics and Well Written Essays - 500 words

Fuzzy Concepts Discussion Posts - Essay Example Apart from recruiting civilians into various factions of the army, the posters were also used to raise war finances through the liberty bond scheme. The reason I’m fuzzy about these posters is that they lied to innocent civilians. The government through posters gave the people a false sense of pride in their countries and they readily accepted to risk their lives. Many were comical and casual and did not reflect the true situation that was at hand. This may be the main reason why many civilians willingly put their lives in an unworthy cause that saw many of them lose their lives. For instance, there is a poster where a young lady wishes that she was a man so that she could join the army. Such a poster was strategically used to invoke the feelings of all men to partake on the war. Some even have explicit undertones like ‘I Want You’ that could only be described as either vulgar or having poor satirical taste. I have to agree with you that Lord Kitchener’s poster was the most copied poster at the time. At the onset of the war, Britain’s army comprised of mostly the trained forces and the country needed to recruit more people into the army. They therefore invented the poster propaganda that was soon copied by other nations. Most British posters had the symbol of St. George slaying a dragon- which represented German. And the messages ranged from honor and pride for the nation to shameful mobilization of civilians. For instance, the poster with the message: ‘Daddy, what did YOU do in the Great War?’ is using children to blackmail their parents. The American approach was not open, direct and blatant as the British posters; however they all served the same purpose. In America, they were chiefly used in raising war funds. The main theme in these posters was portrayal of money as an important ingredient in military

An Analysis of Dickinson’s I Felt a Funeral in My Brain Essay example -

An Analysis of Dickinson’s "I Felt a Funeral in My Brain" Emily Dickinson was a poet who used many different devices to develop her poetry, which made her style quite unique. A glance at one of her poems may lead one to believe that she was quite a simple poet, although a closer examination of her verse would uncover the complexity it contains. Dickinson’s poem " I felt a Funeral, in my Brain", is a prime example of complicity embodied by simple style and language. In this piece, Dickinson chronicles psychic fall. The use of many different devices such as sound, repetition, and metaphors, all help to develop the theme of the poem. Perhaps the best way for the reader to uncover the meaning of the poem at hand is to have a glance into the world of the poet. Emily Dickinson lived alone (emotionally) in a world she filled with her poetry and letters. Dickinson rejected her upbringing and religious background which, in turn, acted to sever her ties with the other people in her society. Much of her poetry served her as a type of therapy in which she could record and sort her thoughts and feelings. She did not write for an audience. This is an important fact to know when one reads her intimate poetry and tries to make sense of it. It could be implied that she did not feel the world was in any way constant, and it is as if her poetry was a reflection of this. Much of her poetry is about a reaction to a certain situation, and there is a great deal of contradiction in her work. Dickinson’s poem "I Felt a Funeral in my Brain" records an intimate battle within herself. The first stanza of the poem serves as an introduction to the reader. It tells of how the poet invisions her men... ...iety in which she lived, and her rejection of it had consequences. Poems such as the one at hand illustrate the occurrence of church in all aspects of life, and even though she chose not to accept it, it was still a part of her. Her outward resentment towards the church left a void in her life which, one could assume, acted as a catalyst for the mental breakdown that she depicts in this poem. Emily Dickinson was a poet that was very different from other poets of her time. The fact that she withdrew herself from society and that she was a woman made her poetry quite unique. Because she had no contact with other poets of her time, her style was quite original. Because she was not writing for an audience, many of her poems are deeply personal. It is up to the readers of Dickinson’s poetry to remove themselves from reality, and escape into the many corners of her mind.

Short Story and Selfishness William Jung

Who can promise that they have never been selfish throughout their life? Who can say out loud that they never did something that had a bad influence on others, only because of personal benefit? The answer is in the short story â€Å"The Lottery†, which was written by Shirley Jackson in 1948.The story takes place in a small town where everyone has to join the lottery, and the winner will be sacrificed for heavy crops for the town. During the lottery, everyone including Tessie Hutchinson, who wins the lottery, expresses their selfishness both consciously and unconsciously.Shirley Jackson is making a point about selfishness. To be specific, she notes that selfishness is born within mankind and lives deep inside, behind their mask of duplicity. In the story, Tessie Hutchinson symbolizes selfishness, she is a happy kind married woman before the lottery, but by the time she finds out that she actually ‘wins’ the lottery, which means she has to sacrifices for the town, i t’s when her selfishness starts to appears.When Hutchinson family is choose to have the second draw, Tessie strongly argues that â€Å"You didn’t give him time enough to take any paper he wanted, I saw you, it wasn’t fair! † (P. 6) even though she also pinches his husband Bill to draw the paper.She only worries about her family were chosen. Moreover, she only cares about herself, during the second draw, she strongly agrees about her daughters to join the lottery, which will make more chances for her to survive. Her selfishness is unavoidable even though she is a mother of a family, because selfishness is deep inside her.Beside Tessie Hutchinson who is an adult, some innocent, pure little children also contain absolute selfishness, just like Tessie’s children Bill, Jr. and Nancy. They join the second lottery with Hutchinson family although they are too young, but when they find out that they are not the one who ‘wins’ the lottery, they both â€Å"beamed and Laughed, turning around to the crowd and holding their slips of paper above their heads. † (P. 8) They delight about they didn’t get selected to sacrifice. They are happy because the one who will die are not them, but their mother.Children are not able to endure their impressions, which make them express their true emotions, in this case selfishness throughout their innocent faces unconsciously, because they are simply happy, they didn’t learn anything from others, it was just their instinct reactions that appear because of the selfishness, which born within themselves.Everyone in the village also has the exact same feelings as Bill, Jr. and Nancy, but they don’t express their feeling by reactions to others because they have more mature masks which are their faces of conscience.Before the lottery starts, everyone acts like they are nice innocent person. They talk to each other like friends, just like they really care about each other . However, when Tessie says the lottery is unfair, and should do the lottery again, the selfishness within people is no more covering by the masks of â€Å"kindness†.As they face another bad chance to die, their emotions come out right away consciously, they say â€Å"be a good sport, Tessie. † or â€Å"All of us took the same chance. † (P.6) to get away from the danger. Including Bill Hutchinson who is Tessie’s husband, he â€Å"went over to his wife and forced the slip of paper out of her hand. † (P. 8) to make sure she is the one who will die, and shows the slip of paper with black dot to everyone. The masks of ‘conscience’ , ‘kindness’ or even ‘love’ will lose their power in front of the selfishness when people are in an extreme situation. The masks cannot cover the true natural sense of mankind. Selfishness is something that no one can reject it.It’s something that everyone owns, but owns without a ny authority to control it. It’s something that is impossible to hide behind the masks of duplicity forever. It’s the basic and strongest devil that born within everyone.But it is possible to change the way of being selfish, by respecting others selfishness, by knowing that other people only care about themselves just like usual, and by finally realize that the easiest way to protect or gain benefit to yourself is by helping others, because devotion will always come back like a boomerang.

Tips to Make Learning German Easier

The first time most of us come in touch with a foreign language or at least with the need to study it, is in school. But learning a language in school is like learning to swim in one of those Japanese public swimming pools. It is simply an artificial situation and all efforts to make learning a language in a group worth everyone’s while are pretty much bound to fail. They call it the conversational or interactive approach. But isn’t using a language always interactive? And is a classroom really the right place to practice a language? Wouldn’t it suffice to instruct learners on how to learn it own their own and how to find a way to put it to good use? Overhaul your Learning Techniques Most of us get by in school as our brains are learning and survival machines. But only rarely have I come across someone who has actually learned how to learn a language. We all still often rely on those techniques that we have acquired or developed on our own in those times because they simply worked well enough. And it is these learning strategies that you might still use to learn German nowadays. But with the difference that nowadays it is not to improve your grades or to make your parents proud, but to deal with a real live situation. There are but there are two elemental factors that make a significant difference when you are learning German. The Main Keys to Success in German Language Learning The first thing that I demand from every learner is that they will take an exam at the end of our cooperation. And although this goal is just part of their success, it sets a very clear direction, enables us to develop a structure for our actions and sets a measurable time limit to our efforts. Without a clear goal and structure, any language will simply be overwhelming. There are thousands of words to learn, the grammar, and German grammar, in particular, seems impenetrable. When we try to speak we feel like there’s goo coming out of our mouths.   Setting up an exam date right away  does wonders for your learning. The problem is that we usually have no idea how long it will take us to reach a certain level. And that’s why I always recommend†¦ Get a Guide You are not the first to learn another language and there have been many men and women pulling their hair out over the question of how we can learn a new language the most efficient way. Some pulled a bit stronger and came up with miraculous methods which very often claim to teach you a language with very little effort and/or in very little time. Needless to say, you’d better refer to your gesunder menschenverstand, your common sense, when you come across anything that seems too good to be true. Good teachers are among the most undervalued people in this world. If you find a good teacher, you have an invaluable companion by your side. She will fight off the wolves, pick up the pebbles and thorns from your barefoot path and get you to just go a few meters farther when you waver and doubt whether you can reach your goal which still seems so far away. She is your walking cane, the whistled tune on your lips and the umbrella when it rains.   Of course one could also learn German on one’s own with ones proven techniques but I can state that from my experience, learning German with a tutor and with a clear goal makes a big difference. You will still have a lot of work to do but you will suffer significantly less.