Assignment 2 Example | Topics and Well Written Essays - 500 words - 2

2 - Assignment Example In the current methodology of commissions for the front-line salesmen, the annual break-even point in dollar sales and in unit sales for Shop 48 is sales of 12,500 pair of shoes for gross sales of $375,000. Appendix 1 shows a graph from zero to seventeen thousand units sold in a given year, with both fixed and variable expenses taken into account. Based upon projected annual sales of 17,000 pairs of shoes, potential profit for Shop 48 would be $54,000 on annual sales of $510,000. Another question raised was what the profit or loss would be on 12,000 pairs yearly. After expenses, the store would realize a net loss of $6,000. In the next circumstance, the company is toying with the idea of offering the store manager of Shop 48 an incentive commission of $0.75 (seventy-five cents) per pair of shoes, leaving the salespersons’ commission intact. What would this added commission have on the break-even point in dollar sales and in unit sales? It is clearly shown that the break even point would indeed rise considerably. Technically there would be no â€Å"break even point†, for at 13,333 pairs the shop would be operating at a loss of $3.75 and one more pair (13,334) would give them a net profit of $7.50. Either way, sales would have to be roughly $400,000 per annum to achieve a profit, or an increase of $25,000 in gross sales annually. As an another option to the situation above, what if the store manager was given fifty cents commission on each pair of shoes sold beyond the break-even point? Their question on this was what the shops net operating income would be based upon 15,000 pairs of shoes sold annually. This would include the data as discussed for current operations in that 12,500 pair of shoes for gross sales of $375,000 is the BE point. With this, 15,000 pairs of shoes would give the store gross sales of $450,000 annually. With the added expense of the fifty cent commission on 2,500 pairs net profit would then be

How Convincing Is Porters Model of National Competitive Advantage in Essay - 6

How Convincing Is Porters Model of National Competitive Advantage in Explaining the Characteristics and Performance of the Business Systems of Major Economies - Essay Example This essay uses examples from Apple, CyberPower UK, Sennheiser, Sony and Lenovo to reach the conclusion that the framework is not a good assessor of business characteristics or performance in major economies, in an era of rapid globalization. Porter’s work focuses on home economies, leveraging home diamonds to create competitive advantages; he advocates entrepreneurship and innovation as drivers of advantage, rather than inherited endowments such as land, raw materials, and size of the labour pool, the lack of which he believes can be overcome. He further argues that factor creation is supported by the quality of consumer demand, rather than its size; the extent of relevant clustering and knowledge-sharing; and competition in the economy. Researchers have found cross-country evidence for all of these concepts. However, Porter’s concept of national competitiveness has also been criticized. Krugman argues that nations do not compete, like companies; and the idea of nation al competitiveness can be used to drive inefficient policies into play. Other researchers have criticized Porter’s methodology, arguing that global export shares are not a well-rounded measure of international competitiveness. Gray and Oz critique Porter’s narrow focus, which ignores macroeconomic environments and government policies, while Lazonic advocates that rivalry can lead to price-wars, decreasing the drive to innovate. In addition to this, Rugman & D’Cruz have created a Double Diamond Model, designed to fill in the gaps present in Porter’s model, which does not factor in the role of the multi-national enterprise. Perhaps the most case-based evidence in support of Porter’s Diamond framework emerges from his proposition on factor creation.

Cost Accounting Assignment Project Example | Topics and Well Written Essays - 500 words

Cost Accounting Project - Assignment Example At the end of year 2013, the net income of the company was $494,500 million. This is an increase of about 17%and 21% from 2012 and 2011respectively. The company brands the products and distribute to the market segments. Each market segment receives a unique brand as per their respective preference. Enables them to company manufactures thousand units of the product at some point in time. The method provides the manager with an answer of comparison of similar products from one period to another hence having a control over the manufacturing cost. The method allows the allocation of materials that part way the process. This enables in determining the value that processes material such as the labor cost. The company incurred several operating and management costs. The cost incurred includes factory insurance cost, plant depreciation $13,450, factory manager’s salary$90,000, laborers wages 450,000, supervisor’s salaries 250,000, power consumption $45,000 and warehouse maintenance cost 50,260. The direct cost was which composed of laborer’s wages $450,000, indirect costs was $398450 that is factory insurance $120,000, power consumption $45,000, factory manager salary $90,000, depreciation $13,450 and supervisor $250,000. The fixed cost includes the warehouse maintenance cost of $38, 000. From the financial perspective, the company has improved due to marketing of its products and services worldwide. From the annual report, the company garnered 26 billion as the total profit after tax. This is the growth of 1.45% and 3% from 2013 and 2012 years respectively. From the customer perspective, there is an increase in the customer loyalty. This is due to the manufacture of superior quality products that give them a competitive advantage. The products sell faster than the competitors because of efficiency supply of products to the markets for their loyal customers. From internal business

Arbitration and Law Essay Example | Topics and Well Written Essays - 3250 words

Arbitration and Law - Essay Example The problem, however, is that even when arbitration takes place, the disputing parties will continue to engage the problem through additional courts in order to come to the best possible resolution for their interests. The following essay discusses the issues of arbitration, first by engaging the question of disputes in arbitration and the consequences to the courts, then through the exploration of a case study, and then finally through undergoing an investigation of the events within the case study. Privity of Contract Privity, in legal terms, refers to a relationship that develops between parties in regard to the property, promises or warranties of a contract. The privity of contract concept is to ensure that only parties that are involved in a contract are actually part of the entirety of the process and included in all subsequent actions. Disputes concerning the privity of contract result from engaging the contract for who is able to participate in the process. The limitation of privity prevents a great many lawsuits by those who believe they have been affected by the actions of a party, but who is not directly a part of the contract and are not able to create liability claims because they are not a part of the contract.1 Horizontal and Vertical Privity Horizontal privity occurs when a third party is the recipient of an item. When an item or benefit in question is intended for a third party, then horizontal privity is in place. Vertical privity occurs when an independent contract is in place with one of the parties of a contract between two parties. If A has a contract with B and B has a contract with C, vertical privity is in place between A and C. The consumer rarely has any rights in terms of privity. The laws in regard to consumers was revised in the Contract Act of 1999 in which the Rights of Third Parties were addressed so that â€Å"...a third party may not enforce a contractual provision, either if the contract contains an express term to that effe ct, of if it purports to confer a benefit upon him†.2 The problem with consumer relationships to the process is that there is no implied position within the contract for the consumer. Arbitration Arbitration is the process by which two parties enter into an agreement to choose privately defined proceedings in which to settle their differences. The arbitration process is internationally recognized as a resource through which disputes between internationally represented businesses can find resolutions without clogging court systems and without disputes about jurisdiction in regard to nation.3 Disputes are defined by any disagreement that occurs during the process of the contract relationship. Disputes are more often handled by arbitration that has been defined within a contract. According to Harris, Planterose, and Tecks, â€Å"This will distinguish the procedure, the application of any statute and the finality of the intended process from other options, such as a decision by a ny expert of adjudication†

Russian Realism Coursework Example | Topics and Well Written Essays - 1250 words

Russian Realism - Coursework Example o non-influential parts of radical educational institutions generates diverse generations for radicalized youth that makes reconciliation more difficult to attain. The vicious cycle surrounding natural recourses is only broken with massive political reforms in which oil regimes of Russian energy industry resist. Russia ranks as one of the leading natural gas suppliers in the world. The country has been in close competition with the U.S. as top leading producer of energy in terms of oil. Russia holds one formidable position for energy exportation. The aspect of statutory intervention of European Union as well as former Soviet Union narrows as major Russian energy importers. Such media coverage for the ‘gas crisis’ can be highlighted to be an incremental growth for energy security politicization in the region as well as global politics. On the other hand, the establishment of Europe’s access of reliable and relatively cheaper energy supplies together with Russian adventurism presents a major threat to continued reliance for hydrocarbons while establishing international energy security future. The growth of Russia’s international prominence has an inextricable link to the available natural energy resources. The broader price increases for oil and gas from the mid-200 0s has placed Russia as an influential component of global politics while negotiating positions of financial collapse. The recent decades have marked successive economic growth years. Growth in demand allows for Russian energy prospects to be a bargaining chip and placing the country’s position top OPEC countries and Middle East. The regions are marked by continuous conflicts that undermine supply’s reliability. Europe is mostly dependent on Russia to gain up to 40 percent of gas while 33% of the oil supplies continue increasing based on expectations. On the other hand, China approximately imports up to 10 percent of gas from northern neighbors. The national and energy security problems

The Reasons Why Abortion should not be Legalized Essay

The Reasons Why Abortion should not be Legalized - Essay Example In some countries, abortion is illegal while it is recognized in certain countries. It is a fact that abortions have been carried out whether legally or illegally. However, this is a controversial topic since it is regarded as a serious moral issue which is often viewed as wrong. As such, this argumentative paper seeks to critique an op-ed paper by Antoni which is entitled, ‘Abortion should be legal.’ Antoni takes a pro-abortion stance and argues that the choice should be left to the women to decide to have an abortion or not. Against this background, this paper is going to argue against abortion as suggested by Antoni since I strongly believe that abortion should be illegal. However, Antoni also suggests that abortion should be illegal. The paper will start by summarising the points made in this op-ed paper. The second part seeks to critique why abortion should not be legalized. A synthesis of the whole discussion will be carried at the end of the paper in order to arti culate the position taken by this writer in view of abortion. According to the op-ed article entitled ‘Abortion should be legal,’ there are different reasons why women should be given the opportunity to terminate unwanted pregnancies. This view is also supported by Warton (6) who suggests that abortion should be seen as the last resort for women to gain control of their lives after horrific situations leading to their pregnancies they would have encountered. In some cases, pregnancy is a result of incest or rape and it is advocated that a woman should have a choice of terminating the pregnancy in such a situation. This is seen as a viable alternative of liberating women who would have been traumatized by the experience encountered that could have led to the pregnancy. In the event that the pregnancy is against the mother’s wishes and is beyond her control, I agree that abortion should be treated as the most viable option that can liberate the mother from the sad events leading to the unwanted pregnancy. Tribe (3) also concurs that rape amounts to the denial of liberty to the victim who may live with sad memories or trauma which negatively impacts on her well being. In such as situation, termination of the pregnancy can be advocated. In some circumstances, pregnancy can be terminated if it endangers the life of the fetus or the mother and I share the same view with this idea. It may not be a noble idea to have a deformed child as she may not enjoy the life of a normal human being. In some instances, if the life of the mother is endangered as a result of the pregnancy, it can be terminated at an earlier date to avoid complicating her health which can lead to death. The case of Jane Roe v. Henry Wade is one good example where the US Supreme court upheld that the Constitution of the United States should not permit the government to interfere with a woman’s right to opt for an abortion. However, the anti-thesis statement of this op-ed sug gests that abortion should not be legal because it is immoral. I strongly believe in this assertion given that there is no person with a right to end life. Even a fetus must be given the right to life since its life cannot be simply terminated as a result of the mother’s wrongdoing in some cases. Usually, a child does not apply to be born hence it is the responsibility of the parents to make sure that the child is given the chance to be born alive. It is also my belief that ending life is ungodly given that we are all created in the image of God hence no one should have the right to end life.  

Teachers in Nathaniels Life Essay Example for Free

Teachers in Nathaniels Life Essay Long after we finish school we remember our school teachers and experiences. We gain experience as a consequence of the situation or the people, who surround us. Our school teachers often help us to decide on important life choice and inspire us in our further pursuits. Nathaniel, the main character of the book The Soloist, written by Steve Lopez had several excellent teachers, who helped him with his experience in music and also in life. These three teachers helped Nathaniel during his personal difficulties and in the achievements he had along the way. Nathaniel’s first teacher was William Moon. Moon appeared in a complex and transitional period of Nathaniel’s life, when Nathaniel’s personality and confidence started to fade. Before Nathaniel turned eleven he was the happiest child. He had a complete happy family, but soon after his life took an unexpected turn. Nathaniel’s parents divorced. Nathaniel wanted to see his father, to be with him, share his experiences, but the child felt that there’s no place in his father’s life or him. Nathaniel was shocked by these changes: he couldn’t understand why his father abandoned his family. Floria Ayers, his mother remarried and Nathaniel and his two sisters moved to their mother’ new husband’s house. Alexnader Mangrum, his new stepfather had four children. Nathaniel had very complicated relationships with his stepbrothers and stepsisters, who weren’t happy to see â€Å"strangers† in their house. Nathaniel considered to leave his mother’s home. He told his little sister: â€Å"Let’s run away†. But she answered him: â€Å"Where are we going to go? You don’t think they are going to call our mother in a minute we got there? † They spoke of running away to aunt and uncle’s home. Nathaniel’s confidence and outgoing personality slowly began to fade after a short stay at his father’s home, the young man returned to Cleveland more sullen, more broken and yet more grown-up, it seemed. And there, in Cleveland Nathaniel met him, his first teacher. William Moon inspired Nathaniel. He put into the student the love of music. Music became the escape from reality for the lonely teen. Mr. Moon’s daughter Marjorie was studying music at Ohio University and played a string bass. One day, when Nathaniel heard how Marjorie plays the string bass, he told Moon: â€Å"That’s what I want to do. I want to do what she does†. (p155) This decision has defined Nathaniel’s way forward. The aspiring musician did all his best. Soon Nathaniel became so good, that William Moon couldn’t help him any longer. Moon had become attached to Nathaniel so much, that he even considered Nathaniel to be his son. He referred his talented student to Cleveland Orchestra, where Nathaniel met the next very important person and mentor of his life. Harry Barnoff improved Nathaniel’s musical ability, but also the teacher helped Nathaniel to believe in himself. Barnoff grew up in conditions, similar to Nathaniel’s. Their parents weren’t musicians. Nathaniel found his own way himself like Barnoff many years before, thanks to fate and natural talent. Further Barnoff helped his student to believe in himself during the hard repressive time in American history and enroll in Julliard. Probably, Barnoff was the most beloved of all Nathaniel’s teachers. Even many years later, when Nathaniel was mentally ill and needed to hear a familiar voice, Nathaniel called Barnoff. Lopez mentioned: â€Å"For many years Harry Barnoff was the man Nathaniel tried so hard to impress. It was Barnoff he called when he was in trouble, and it was Barnoff, whose phone number he still had committed to memory more than twenty years after the last time he dialed it†. (p 175). These words show how much Nathaniel was attached to Barnoff. Barnoff wasn’t an ordinary character in Nathaniel’s life. Barnoff was Nathaniel’s teacher, spiritual relative guide and friend for many years. The two previous teachers have been a part of Nathaniel’s past. They have done a tremendous job in a building of Nathaniel’s character. But that’s not enough; Nathaniel needed the help and support for the present. As such, Pete Snyder came into Nathaniel’s life for that purpose. Snyder is a famous musician, who consented to give the lessons to Nathaniel. They met because of Steve Lopez. Snyder read the article and invited Lopez and Nathaniel to his concert. Snyder was going to help Nathaniel in finding his own way in his current situation. The teacher’s purpose was to rehabilitate Nathaniel through music. Snyder was someone like a doctor for Nathaniel. He was a doctor, who treated Nathaniel without medications. Snyder did it through Nathaniel’s enthusiasm for music and it paid off. Lopez states: â€Å"It was a promising break through. Nathaniel is confronting his fears and thinking more rationally† (p. 179) Also with Snyder’s help Lopez tried to persuade Nathaniel to move in to an apartment after thirty years living on the streets and he did just that. At first Nathaniel refused to be in an apartment. He said: â€Å"It’s not my room; I’m not going to be living in here†. (p. 167). However, a week after holding the lessons with Snyder, Nathaniel started to like his new place. One day Nathaniel went out his new apartment to the yard and he saw his neighbor James, who was smoking a cigarette there. When he finished, he threw a cigarette butt on the floor. Nathaniel hated to see garbage on the floor, especially cigarette butts. When Nathaniel saw it he came to James and said: â€Å"Excuse me, sir, you cannot smoke here† Nathaniel said it with such authority, as if he was a courtyard monitor. There stood in the yard and to James’s question: â€Å"Who are you? You don’t live there† Nathaniel pointed on the window of his room and said: â€Å"This is my place† (p. 186) I don’t think that Nathaniel would go so far without Peter Snyder. One day, when Nathaniel had a dialogue with Snyder about the reason of refusing the room. Nathaniel said that in the tunnel he hears the city and doesn’t feel cut off from it like he does inside these four walls. Snyder’s answer had to impress Nathaniel and gave him a different point of view:†Think of this as a clean quiet tunnel. Nathaniel got this point; he agreed that the room is a good decision for his passion, not a prison as he thought of before. Each of Nathaniel’s teachers made an important contribution in Nathaniel’s life. It changed it for the better I had similar experience. I was a very a stubborn child. I never listened to other people’s opinion and I didn’t listen to my school teachers. Probably the main reason for my attitude to teachers was that my teachers didn’t generally like their job and I sensed that. However, after I met my math teacher all that changed. She as very kind and very helpful. Professor Ahmatullaeva wasn’t an ordinary teacher, who taught basic math. She also showed us why math is interesting. She inspired us to learn math. Her attitude was completely different. When I saw her I remembered my mother. Her eyes beamed pure warmth. When she saw that we can’t do something she helped us, when she saw that we felt bad she took care about us. Farida Ahmatullaeva did her best for us. We were a big family for her. She always told us that we are her kids. Even after our graduation we came to school just to visit her. She was always touched that we loved and remembered her. Our teacher Farida remembered all of our names and everything we did in class. A couple days before leaving Tashkent I met her. She was also leaving my city to go to Russia. I remember this day as it was yesterday. I saw tears in her eyes. My teacher told me: â€Å"I know, you will do your best and achieve whatever you want. † She became very close for me because she wasn’t an ordinary teacher, she was also my friend and mentor. There’s no doubt that teachers are very important for the development of our personality. They take part in our educational and the moral foundations of our lives just as our parents do. Our first part of life is at home; as we grow up we continue our lives at school. Teachers become the next support and network by helping us to mature. That’s why becoming a teacher is a very responsible choice. Being a teacher goes beyond the delivery of the essential subject. It also means to be personally connected. Teacher is a bond between the person, who teaches knowledge to students and the person, who provide with a life experience. Also teacher tries to put themselves into the student’s shoes, share own point of view. Teacher helps a student make a decision and give new ways of looking at some experiences. If we are more aware, we have a wider disposal of choices.