The Lost Secret of John White and Roanoke Middle School Essay Samples

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INTRODUCTION TO FINANCIAL MANAGEMENT-unit 4, question #3 Essay

Essays on INTRODUCTION TO FINANCIAL MANAGEMENT-unit 4, question #3 Essay Question # 3: Discuss the shortcomings of the percent of sales method of financial forecasting. The percent of sales is a method of financial forecasting based on the fact that the statement of financial position of a business and the statement of income vary with the sales level. This assists businesses in identifying external financial needs based on their forecasted financial statements. The method involves identifying the items in the statement of financial position and income statements that vary directly with the sales. Once these items are identified, they are expressed as a percentage of the sales. For example if the debtors balance stands at $8000 and the sales balance at $1500, this translates to 53.33%. Forecasted sales level is then determined for the year in question. This is done by multiplying the sale for a given year by the forecasted growth in sales to give the forecast sales. The method of financial forecasting using the percentage of sales, however, has some shortcomings associated with it. Since the method is based on the premise of allocation of internal resources as a growth or decline, this is so subjective and in most cases would not be the best way to forecast future expenditures. Some factors other than those used to determine the sales percentages may affect the budget and this may require the business to adjust these percentages in order to increase the growth in sales forecast (Keown et al, 1998). The method is not the best to forecast financial needs of a company since it is only based on approximation (Keown et al’ 1998). No proper details are given when making the forecast or calculating the percentages. It may also lead to a wrong conclusion especially where the balances in the income statement, that is, incomes and expenditures, and the balance sheet items are wrongly calculated. The same will also be witnessed in case the sale figures are wrong. Keown et al (1998) observed that items that are acquired by the business in large units are not taken into account when making a financial forecast using the percent of sales method. However these items also influence the financial position and incomes and should be taken into consideration when calculating the percentage forecasts. Leaving out items acquired in bulk may lead to a poor forecast for the company. It is therefore evident that a forecast done leaving out items acquired in large quantities does not give the right budget forecast. The determination of the external financial needs using the percentage of sales involves very complex calculations which require high degree of expertise and knowhow. It also requires that the fixed assets are assumed to be in excess capacity and this makes it a subjective method to use in budgeting. The method is also subjective in that in case there is a change in the fixed assets during a period of forecast, the method of percentage of sales would not give an accurate forecast (Keown et al, 1998). Reference Keown, A.J., Martin, J.D., Petty, J. W. Scott Jr., D. F. (1998). Foundations of finance: The logic and practice of financial management: 6th edition. New Jersey. Pearson Education Publishers.

IP Addressing free essay sample

When designing the data closet should be located in a non-centralized location but still have easy access for services and upgrades or repairs. I would consider using a class b network set up which would easily allow 145 users, computers or equipment to connect but still provide additional addresses and networks as the company expands within the next two years. As for IP address I would consider static IP address for all local computers and equipment within the company such as printers, routers user computers etc. This will be easier to use and less expensive. With over 16,000 networks and 65,000 host address available there will be plenty of room for the company to grow. I would also consider having a wireless network using dynamic ip addresses leasing addresses to the users devices to allow users to connect there wireless devices to the network. All the systems we use today can work well with DHCP so It shouldnt be a problem. We will write a custom essay sample on IP Addressing or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Also you should consider having multiple domain and DHCP servers to provide load balancing, efficiency and safety In case of server failure. DHCP should be used whenever possible DHCP is easier because there is sually not a need to manually assign and track IP addresses across a number of devices where a specific IP is not necessary, and use reservations for the static devices like Printers and A/Ps. And use static addresses for Servers. For example when recovering from a full power outage DHCP WILL be the LAST service to start. So If all servers/prlnters were DHCP youd spend a day rebooting/console-login and getting a valid IP users can do that for themselves. These are Just some of the considerations that can be taken into account when creating a small business network.

Microsoft Word Strat Man Case Write Up Wireless Communication Essay Example

Microsoft Word Strat Man Case Write Up Wireless Communication Essay The author mainly focuses on an economic analysis of wireless communications by evaluating the two available alternatives. First is related to licensing and spectrum property and second to wireless communications, in order to evaluate the tradeoffs between property rights in spectrum and open wireless networks. It also explains that open wireless networks are likely to be better at optimizing the ability of users to communicate without wires than could spectrum property based systems. The open wireless network approach shifts the focus from infrastructure rights and focuses on an efficient creation of market in the end user equipments through greater deployment of the equipments in the networks. Analyzing on the basis of various factors: Social costs (equipment costs, displacement costs and overhead costs): On the basis of social costs involved in both the approaches, we get that they are less in case of open network systems. Capacity: In open network systems both the capacity and the capacity for growth are higher. Innovation: Adopting an open wireless system can create an environment for innovation. Welfare Optimization: Open systems being more agile can provide optimum welfare to the end users. Security: Open networks being more robust and breaking into it might result in the collapse of the entire network, thus are having better security. Pricing Bandwidth: Spectrum approach will only have this advantage in case of peak utilization moments. Thus, the spectrum approach is not that efficient. This advantage is also dependent on pricing based QoS services in wired networks. We will write a custom essay sample on Microsoft Word Strat Man Case Write Up Wireless Communication specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Microsoft Word Strat Man Case Write Up Wireless Communication specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Microsoft Word Strat Man Case Write Up Wireless Communication specifically for you FOR ONLY $16.38 $13.9/page Hire Writer But in case of open network systems, the pricing is highly variable, and this changing price system makes it more efficient as compared to spectrum approach. In the article it has been mentioned that the transaction costs in case of spectrum theory is higher than that of open wireless approach. But the open systems have a higher indirect transaction costs. Hence it can be concluded that open networks are more efficient. Regulation vs. Strategy Through the property rights, a strategist can own and protect the resources eeded for creating value to the consumers. These property rights are subject to regulations. Though these regulations increase the transaction costs but these costs are transferred to the customers. Hence as a strategist it is good to have regulation. Need for lobbying the government arises because of the need to protect the property rights so as to own the resources needed to create value. Moreover, lobbying the government will allow the firm to set up industry norms f or the efficient usage of the available resources.