Long Term Financial Needs free essay sample

Huffman Trucking Accounting Financial Report As the head of the accounting department it is my role to ensure that my team and I provide you with the information that is needed in order to help propel our company into the future. Being the CEO it is your role to get elements of information from all different departments concerning the different ideas, processes and financial workings in order to help set Huffman Trucking on a prosperous path. My job as the head of accounting is to give you all the financial information gathered by my department to give you a better picture as to our long term financial needs. I will touch upon various points and specific keywords that I will go in more depth about and explain below. I hope this following information suits your needs and that my team and I have done a thorough and detailed job that will allow you to make better-informed decisions. We will write a custom essay sample on Long Term Financial Needs or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Let us begin with explaining what EFN is. EFN is external funds needed and is calculated as the difference between the projected total assets and the projected total liabilities and equity. To calculate the EFN, we start with the income statement to get the amount of net income. To make the income statement, were supplied with a revenue growth of 8% for the next three years. Also, there is extra revenue from new initiatives from consulting and warehousing. All this gives us total revenues. To estimate expenses, we are given the breakdown of fixed and variable expenses for each of the expense items. The fixed expenses increase by the inflation rate, whereas the variable expenses adjust with the change in revenue. Depreciation is given as constant and interest expense is also taken as constant as we have not decided on the financing of the EFN. In addition some new expenses are added due to the new initiatives. This includes salaries for four national accounts managers for each initiative, increase in marketing budget, space rental and increase in operating expenses. Wage benefits and insurance is partly variable and partly fixed. Fuel expenses, purchased transportation, operating supplies are taken as fixed. Tax rate is calculated based on 2006 income statement. No dividends are taken and all income goes towards retained earnings. In the balance sheet, all current assets and current liabilities vary with revenues. We are supplied with the payment period for vendors, supplies and taxes; this has not been used since all current liabilities have been taken to vary with revenues. There is an increase of $10 million for operating property in year 2007 and beyond that there is no increase in operating property. The accumulated depreciation changes with the depreciation expense in the income statement. Assets of discontinued operations; goodwill and other assets are not changed, because there is no information on theses assets. For liabilities, the current portion of long term debt changes with revenue since all current liabilities vary with sales and this amount of long term debt is assumed to be repaid each year and so the value of long term debt reduces each year with payment of the current portion. Accrued pension and post retirement health care is also assumed to vary with revenues since these would increase as the salaries and wages increase with revenue. Total stockholders equity changes by the net income for the period as there are no dividends considered. In looking at the total assets and the total liabilities and stockholders equity calculated, we find the difference to calculate the EFN. For all the three years, the EFN is negative. What this implies is that the company does not need any new external funds. The requirement of investing in assets is met by the increase in current liabilities as also by the net income, which the firm generates. The negative EFN implies surplus with the firm, which it can use to repay some liabilities or to pay dividends.

How admin assistants can prep for the holidays

How admin assistants can prep for the holidays Attention all admin assistants- are you right in the middle of a flurry of never-ending holiday prep plans that is keeping you too stressed and frantic to enjoy the season? Or perhaps you’re putting off your holiday prep because it all seems too overwhelming and the mere thought of everything you have piling up on your plate is creating dizzying levels of anxiety and stress?If either of these scenarios sounds like you, stop what you’re doing and take a deep breath! Although the holidays can be especially challenging for admin assistants, who are no strangers to juggling the diverse needs and demands of others on top of their own, there are strategies for effectively getting through the holiday season while minimizing added stress and overexertion.Admin assistants- consider the following your helpful preparation and planning guide for making it through the holiday season unscathed!Prep early.Admin assistants are typically masters at getting an early handle on things that need to be done around the office, and they recognize the value of doing as much advanced preparation as possible to make sure that projects stay on track, no details are left unaddressed, and everything sticks according to plan.Prepping for the holidays should be no different- we’re all aware of how quickly the holidays seem to sneak up on us each year, and once they arrive it gets much tougher to get things done amidst the flurry of vacations and obligations that seem to come from every direction. Combat the â€Å"holiday slowdown† by planning for all the things that need to be done as early as possible in the year. The more you can get done early on, the better off you’ll be when the â€Å"blizzard† of holiday activities hits.Get organized.One of the keys to being successful as an admin assistant is staying organized. In today’s hectic work world, a disorganized or scatterbrained admin does not keep their head above water- or their jobs- for ve ry long, so the successful admin already possesses these crucial skills. Be sure to put them to good use when preparing for the holidays. A well-organized holiday checklist that includes all necessary activities and projects- with details on who is responsible for doing what- can really be an admin’s best friend when trying to get through the season. A comprehensive and well-maintained checklist will help you keep track of everything that needs to be done, all in one place.Balance time for professional and personal planning.Because admins are typically excellent planners by nature, they often find themselves stuck between two worlds during the holiday season- planning for everything that has to be done at work and planning for everything that has to be done in their personal lives. Don’t let your professional and personal lives collide while holiday planning, and don’t let one eclipse the other. Any admin worth their desk can strike a healthy work-life balance d uring the holiday season and effectively plan for both appropriately- keep the work planning at work and keep your personal planning out of the office.Don’t recreate the wheel.Admins usually have an array of helpful systems and processes in place that that they can deploy for whatever project arises- consider â€Å"holiday planning† as one major project, and use your holiday planning checklist from last year as the foundation for this year’s plans, and continue this tradition for each new holiday season. Obviously, some updating and tweaking will need to be done each year, but hopefully this will cover you for the bulk of the planning activities and will save you some time vs. starting a new checklist from scratch each year!There you have it admins- your helpful strategies for successful holiday planning. Use this advice to ensure that your preparation for this upcoming season is hassle free. Happy holidays!

Running Errands and Doing Chores

Running Errands and Doing Chores Running Errands and Doing Chores Running Errands and Doing Chores By Maeve Maddox An English teacher from the Philippines wants to know the difference between errands and chores. The word errand is most commonly used in the sense of a short journey taken to perform some necessary duty. Some examples of errands are: taking or fetching clothes from the cleaners; taking mail to the post office; filling the car with fuel, taking sacks of leaves to the compost center, etc. The word errand comes from Old English à ¦rende message, mission. The message was usually carried by a servant or low-ranking soldier. Errand still has the connotation of something of minor importance that can be carried out by anyone. An employee might complain of being an errand boy if all hes allowed to do is unimportant work. The expression to go on a fools errand means to set out to accomplish something that turns out to be impossible to accomplish. Similar to going on fools errand is going on a wild goose chase. A chore can be simply a necessary domestic task such as vacuuming or taking out the garbage, or it can be used in the sense of a really tiresome, time-consuming task. Here are some examples from the internet of the two meanings of chore. Chore as household responsibilities Lets face it sometimes, doing your chores can be a drag! Doing household chores does not have to be boring or a waste of time. If you dont have time to go to the gym and workout or stay at home and lift weights, you can combine muscle building with doing household chores. There are many ways to save time doing your daily chores. You can make life easier by staying ahead on things instead of procrastinating. Daily chores include laundry, dishes, sweep, vacuum and mopping. Even washing up your sinks in your kitchen and bathrooms. Chore as an onerous task That sure was a chore trying over and over to get you all the actual link. Washing my toddlers hair was a choremoving around causing shampoo and water in eyes and earswhich drove her crazy. Combined with more explosions than the bombing of Iraq with Michael Bays patented swooping camera shots, the film was a chore to watch from beginning to end. Want to improve your English in five minutes a day? Get a subscription and start receiving our writing tips and exercises daily! Keep learning! Browse the Vocabulary category, check our popular posts, or choose a related post below:How to Format a UK Business LetterDisappointed + PrepositionWhen to use "an"

Economic Trends in an Executive MBA school Essay

Economic Trends in an Executive MBA school - Essay Example The recession would create an impact on employment and many capable firms would have a well of skills to hire from. Some firms might decide to be choosy and a graduate degree might just prove to be relevant so as to keep up with the competition for jobs. This has seen many people go for MBA which stands a better chance than having BBA only. (Kotler, Philip & Kevin, 2012)   One of the other areas affected by the recession are the accounts receivable. The customers of the companies might not fail to make payment the money owed to the company at the right time, or they may never be able to pay. This turns into a violation of the credit agreement. Moreover, delinquent or late payment reduces the valuation of corporation’s debt, bonds and its ability for financial access. This means that firms would be rendered incapable to sustain its operational costs and might just close down. Many people would lose their jobs. In the preparation of such circumstances, higher level of expertis e would deem inevitable to keep the firm running. Proper financial management measures could be employed to sustain the firm in the industry. All these expertise can be acquired by advanced training and education.  The need for increased household income has grown higher with people resorting to venturing into two or even three jobs. This requires an extended level of expertise in the different fields. The loan programs give an opportunity for people to go back for an MBA and upgrade their certificates so that they can be able to fit.... The customers of the companies might not fail to make payment the money owed to the company at the right time, or they may never be able to pay. This turns into a violation of the credit agreement. Moreover, delinquent or late payment reduces the valuation of corporation’s debt, bonds and its ability for financial access. This means that firms would be rendered incapable to sustain its operational costs and might just close down. Many people would lose their jobs. In the preparation of such circumstances, higher level of expertise would deem inevitable to keep the firm running. Proper financial management measures could be employed to sustain the firm in the industry. All these expertise can be acquired by advanced training and education. The need for increased household income has grown higher with people resorting to venturing into two or even three jobs. This requires an extended level of expertise in the different fields. The loan programs give an opportunity for people to go back for an MBA and upgrade their certificates so that they can be able to fit at the competition of the search for white collar jobs. Some universities like the University of New Mexico offers scholarships for MBA students. In Germany, education is free of charge therefore one can have no reason not to take an MBA. The loan program has attracted a lot of people to undertake further studies as its an incentive. The federal government plays a vital role in helping its employees live a stable life. As a result of the economic fluctuations in the private sector, the populace decide to search for white collar jobs to be able to earn a stable income. The government would also engage in the act of increasing

The Great Wall China Research Paper Example | Topics and Well Written Essays - 1750 words

The Great Wall China - Research Paper Example It is a truly captivating site. The Great Wall was never intended to stand as a testament of art or the grandeur of architecture, it served a far more simpler and practical purpose. Yet, all the same it is remarked as one of the greatest architectural feats of human history, like the pyramids at Giza and the city of Machu Pichu; and remains so today. It is still worthy of further research and discussion. History There is a myth that has become truly intertwined with the legend of the Great Wall of China. The myth tells the story of the wall as one great single undertaking, spanning, decades, of continuous building. However, this is, simply, not the case. The wall was built in different sections, in different locations, ultimately linked, throughout the years. ("Chinese Heritage Quarterly" 1) It is Qin Shih Huang, or the First Emperor, who is credited with conceiving of the idea to create a wall of immense length and strength that would prevent the invasion of the threatening Huns. Ho wever, many scholars today acknowledge that there are portions of the wall that may date back to smaller construction efforts that predates the rule of Qin Shih Huang. All the same the greatest portions were inspired by his intention to protect China from outsiders. There were, in fact, several Chinese Dynasties that contributed to the Wall, the Qi, the Wei, and the Zhao, however, it is three dynasties that are attributed with the greatest contributions. Qin Dynasty Again, Qin Shih Huang is responsible for the many of the oldest parts of the Great Wall. He foresaw the Wall as a fortification to protect the country from Hun invaders, as well as, ensure the rule of his descendents and future emperors who will take power after him. As one can see in the photograph these older sections of the wall have are formed of simple, natural materials, and are bit worse for wear in some sections. However, Qin, despite all of the innovations he brought during his rule, book printing and road build ing, but much of his rule was considered harsh and, even, cruel. The use of force to maintain work on the wall, along with a number of other sources of social unrest, resulted in a rebellion that ended his dynasty just after his death ("Chinese Heritage Quarterly" 1). Han Dynasty The Han Dynasty, regarded as one of the most powerful of Chinese dynasties, also, feared invasion from Hun Forces. This diplomatic rule attempted to make peace with by offering trade and economic incentives. However, this had little success and the Chinese resorted to a few offensive battles, but they became too costly to finance. The Han focused on adding to portions of the Great Wall, again as a defense, but this time it moved west toward the Gobi Desert; the intention being to protect the Silk Roads that were so essential to the empires economy ("The Great Wall of China"). As can be seen in the photograph, there is distinct difference in style and coloring of the stones in comparison between the Qin and the Han contributions; the Hans stones are darker and red Ming Dynasty The Ming Dynasty is credited with being the most prolific contributor to the building of the Great Wall. In fact, the majority of the wall that we are familiar with today is remnants of the works of this dynasty added between the years of 1368-1644 C.E. The Ming

USS Eisenhower Collision Essay -- U.S. Military

On the morning of August 29, 1988, USS Dwight D. Eisenhower was returning to her homeport in Norfolk after conducting a six-month deployment in the Mediterranean Sea. She had performed extremely well in exercises and was set to receive the Battle â€Å"E.† The carrier had recently taken on approximately 500 Tigers in Bermuda, joining their parents for the final leg of the voyage. Also, the Secretary of the Navy was aboard that morning, and had been present on the bridge prior to his departure at 0807. 14 minutes later, at 0821 according to the deck log, the Eisenhower struck the Spanish bulk carrier Urduliz, which was anchored in a designated anchorage area, â€Å"A,† in berth â€Å"Z.† As stated above, the Eisenhower had not been in Hampton Roads in six months. While deployed in the Mediterranean, the Entrance Reach Channel was narrowed and moved slightly northward on March 30th, 1988.The crew of the Eisenhower was informed of the changes, but had yet to navigate the channel in its new configuration until the morning of August 29th. The track that the Eisenhower was to follow led along the northern edge of the previous configuration of the channel, which should have put her 400 yards off the anchored Urduliz. That morning, visibility was at least 5 miles, and the bridge watch was aware of the Urduliz for at least 30 minutes prior to the collision. However, the Eisenhower was off track the according to radar fixes between 0810 and 0817, during which time no visual fixes were taken. The reason for the lack of the more accurate visual fixes was that when the new buoys were placed to delineate the reconfigured channel, they were quite literally few and far between. Such placement made it extremely difficult to take visual fixes. The two key ... ...orks Cited Dennison, Patrick J.. "A Case Study of the USS Dwight D Eisenhower Collision and its Implications." Defense Technologies Information Center. 25 Jan 1994. http://www.dtic.mil/cgi-bin/GetTRDoc?Location=U2&doc=GetTRDoc.pdf&AD=ADA274926 (accessed Mar 23, 2012). Evans, Mark L.. "Dwight D. Eisenhower." Naval Historical Center. 27 Sep 2006. http://www.history.navy.mil/danfs/d6/cvn69.htmhttp://www.history.navy.mil/danfs/d6/cvn69.htm (accessed Mar 23, 2012). Kolstad, James L.. "NTSB Safety Recommendation M-90-1 through -7." National Transportation Safety Board. 22 Feb 1990. http://www.ntsb.gov/doclib/recletters/1990/m90_1_7.pdf (accessed Mar 23, 2012). Kolstad, James L.. "NTSB Safety Recommendation M-90-8." National Transportation Safety Administration. 22 Feb 1990. http://www.ntsb.gov/doclib/recletters/1990/m90_8.pdf (accessed Mar 23, 2012).

Marianna Moore “Poetry” Essay

While reading this poem, at first it was difficult to completely understand what is happening or what is exactly is being told. I decided to break down sentence by sentence to make it easier and it helped bring out the poems true colors. â€Å"I too dislike it: there are things that are important beyond all this fiddle†. After reading this segment it points out to me that our speaker shares that she too doesn’t like it referring to the reader that they must not like it too since majority of people do not. The question is why does she say it and not say poetry. â€Å"Reading it, however with a perfect contempt for it, one discovers it after all, a place the genuine†. This tells me that the speaker explains that reading poetry with perfect understanding is hard and confusing, but its achievable to find a place inside your self that can appreciate it. â€Å"Hands that can grasp, eyes that can dilate, hair that can rise if it must, these things are important because a high sounding interpretation can be put upon them but because they are useful†. This specific passage explains to me that the speaker is telling the author that poetry can be so powerful and meaningful with the right keen hands to fully grasp it, and the right eyes that can see past it and find the meaning as well as the hairs on yourself that will tense up from the message of the poem and its way of creation. She also states its important cause with these abilities it is vital and important because they are useful not just for poetry but for other things. â€Å"When they become so derivative as to become unintelligible, the same thing may be said for all of us, that we do not admire what we cannot understand†. This tells me that its true that for people sometimes when we don’t understand something, it becomes unimportant to us because we don’t have that drive or push to make us understand it since its to hard or to confusing. The author is saying that for us, many do not understand poetry making us give up on it since we don’t full grasp the true understanding of it. â€Å"The bat holding on upside down or in quest of something to eat, elephants pushing, a wild horse taking a roll, a tireless wolf under a tree, the immovable critic twitching his skin like a horse that feel a flea, the baseball fan, the statistician† . This creates imagery in the readers head by giving examples of what the author is trying to convey and creates images in ones head. Its relating to how these examples are hard to understand but make sense in a way once you dig deep enough and find the answer to it. â€Å"Nor is it valid to discriminate against â€Å"business documents and school books†; This part shows me that even though we hate books and documents the purpose of it is to teach us something, so instead of hating it since its hard to understand, take time to see its purpose of making us only smarter. â€Å"All these phenomena are important. One must make a distinction however: when dragged into prominence by half poets, the result is not poetry, nor till the poets among us can be literalists of the imagination†. The structure of this creates the message to me that all phenomena in things are important but its hard to see at first, and it takes a close eye to see this distinction. By addressing that dragging half poets into prominence the result is not poetry, and neither till the poets among us can be literalists of the imagination pin points that all poets can create poetry but the good kinds are the ones with imagination and a voice to it. It doesn’t have to have this deeper meaning to it but has to be genuine to the poet and have something real to them. â€Å"Above for inspection, â€Å"imaginary gardens with real toads in them shall we have it. † This creates images in the readers head and creates that sense of imagery by giving it direction on how anything can be imaginative but adding reality to it can be worthwhile and she be taken for accounted for. â€Å"In the meantime, if you demand on the one hand, the raw material of poetry in all its rawness and that which is on the other hand genuine, you are interested in poetry. † The ending to this poem stands out to me the most because this part says that even raw poetry can be good, and having that rawness as a good thing can make it genuine since anything can be poetry but it has to be genuine. The speaker address the reader by saying if you can appreciate rawness in all its power, then you can appreciate poetry in all its rawness.