Cash Management Essay Example for Free

Cash Management Essay Cash management techniques are an important part of managing finances. It is impossible to see your money grow if there are not methods in place to make the most of the money that you have. A good start to cash management is budgeting, which is the process of tracking money in and out to get a better idea of how money is really being spent. A budget identifies where the money is going and where adjustments can be made to decrease expenses or increase revenue. Along with budgeting, it is important to track expenses in order to know how much money is being spent. Expenses can be divided into categories such as office supplies, rent and utilities. Once you have the expenses clearly laid out ways to decrease the expenses can be found which will allow the company to save money. One easy way to save on office supplies is to buy in bulk or buy direct from a distributer. This will get you a lower price for the items then at retail store and can help save money. Another example is with companies that have vehicles. Gas companies offer discount cards which could be used with all their purchases to save money. Additionally, companies that operate fleets of vehicles may benefit from contracting with a gas supplier to get their gas at a greatly discounted rate. Investing is a great way to make your money generate more funds. This can be done by investing the money in various ways to allow it to generate interest. The more money you invest or the higher yield accounts that the money is in the more you will get in return. For individuals, investing in a 401(K) plan at work is a great way to save money for the future. This money can be deducted directly from the paycheck before it is received and invested into the account. Some companies will even match the money that is deposited into the account or match a percentage of the money. This helps the account grow even more. Having the money deducted from the paycheck before it is received is helpful because that money isn’t missed. It was taken out before the check was received and doesn’t have to be calculated into a family’s budget. Companies can invest their money into bonds which will generate interest and return for the company. Additionally, they could invest it in the stock market or other markets and savings accounts where they can get a return for the money. This helps the companies increase their cash and their wealth. In addition to investing, companies need to make sure they are collecting on accounts. When they have accounts that are past due, companies are losing money and this money needs to be regained. The accounting department of a company needs to keep close watch on the accounts and identify the ones that are not being paid. These accounts need to be collected in order to minimize the loss of income for the company. Lines of credit are necessary when there is a decrease in cash flow. This could be due to a slow month with a decrease in revenue or income as well as an increase in expenses. Companies and individuals need a way to cover expenses when the cash is limited. Credit plays an important role at this point. For the individual there are credit cards and home equity loans to help cover expenses when the cash isn’t available. These options however should be used sparingly as it is best not to use credit and credit can be maxed out if an individual is spending more than their income. Companies can use lines of credit to help cover additional expenses or regular expenses when cash flow is limited. One example of credit used by a company is a short term loan. This can provide the business with extra liquid cash that they can use to make ends meet at the time and will have to be paid back in the following months. Like with the individual, if a company is using loans frequently they will find themselves in debt and unable to repay it. At this point the company needs to reevaluate the structure of the company and identify ways to decrease their expenses. Generating additional income is important because you want to maximize the amount of money being brought in while minimizing the money going out. The individual person can maximize the money coming in by working extra hours at work or getting a second job. If a person has a unique skill they can market themselves in their free time to make money from that skill such as sewing or construction. Companies can generate more income by increasing marketing campaigns or expanding into new sales markets to generate more money in return.

what is engineering :: essays research papers

1.  Ã‚  Ã‚  Ã‚  Ã‚  What is Engineering? According to Webster’s dictionary, engineering is the â€Å"application of science and mathematics by which the properties of matter and the sources of energy in nature are made useful to people† (http://www.webster.com). Engineers apply math to help design and manufacture products. (http://www.popsci.com) 2.  Ã‚  Ã‚  Ã‚  Ã‚  What did you learn about engineering that you were not previously aware of? Make a list of your insights. After taking the course Engineering Design and Graphics from the previous semester, I learned that engineers mean a great deal to all societies in order to for them to modernize. Engineers design and invent many products used by everyday people, from the ordinary wine glass to a complex space station. (http://www.popularmechanics.com) Also, I was not aware about taking a engineer’s certification that was not school related. (http://www.ihs.com/index.html) 3.  Ã‚  Ã‚  Ã‚  Ã‚  What new questions or uncertainties have surfaced? I have no new questions of engineering because I believe that I know all that I should know for the time being. However, I am uncertain to keep my major as mechanical engineering to a different engineering or an alternative major because of the difficulties of the science classes. The degree of difficulty of my classes places me behind in grade point average compared with students of equal abilities. 4.  Ã‚  Ã‚  Ã‚  Ã‚  On the back of this sheet, please list and then describe the reasons you want to be an engineer. Put your reasons in order starting with the most important. †¢Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Interests- Since my father bought my first K’nex set, a type of model building using sticks and gears, I enjoyed using my creativity towards engineering. I also enjoy mathematics, which influences a great deal in the major. †¢Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Money- Many upper classmen have told me if they had a chance to change their major, they should have become engineers.

Reflection on Global Operation Management Essay

Pietra Rivoli who is an associate professor in the Georgetown University, specializes in finance and social issues, and is the author of the book, ‘The Travels of a T-shirt in the Global Economy’. The main reason which instigated Rivoli to write this book, was a speech a student had given at the Georgetown University, the student was severely criticizing globalization, and asking about who made the T-shirts they were wearing. She told some facts about child labor in India and Vietnam, which made everybody, sit up and think, including Rivoli. Rivoli then starts on a journey to find out some interesting facts about the origin of the T-shirt. Her case study starts in Texas at the home of Nelson Reinch, who produces enough cotton for more than 1.3 million T-shirts. Reinch and his colleagues control the whole world market of cotton, through hard work, determination, modern technology and much needed discounts from the government. Reinch was no where in comparison to the poor farmers in India and Africa, who did not have proper funds or government support in marketing their goods. Rivoli’s next stop was China, were she met a young woman Yuang Zhi, who spun the yarn for the fabric and sewed the shirt. This young lady worked for 50 hours a week, and earned nearly $150 per month. This woman’s working conditions were far better than the conditions in which women had to work previously in Manchester and England. This was probably the woman’s first encounter with independence and identity, which came in the form a paycheck, even though it was a small amount.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   The most important point which was very surprising was that, throughout the world there must be millions of people who manufacture cotton, but the manufacturers from Texas were totally dominating the cotton industry, because of their shrewd manner by which they manage to avoid competition. These manufacturers manage to control the market by avoiding the labor market, which make the other manufacturers unable to compete with them due to no government and political assistance, lack of proper education and money. People who support globalization vow by the free trade of clothes, as it can be used to the advantage of the poorer countries. Rivoli was surprised to find that how recycled clothes from the USA were a rage in Tanzania. Used clothes from America get imported in huge quantities to Tanzania. Tanzania is a small country which was slowly proceeding towards a more liberal capitalist system from the socialist model. People are able to freely take part in the daily auctions of the clothes at the market place, and merchants are also making a mark for themselves in the cutthroat markets as consumers or retailers. Rivoli feels that free trade should be encouraged without any government or political interference in the markets. According to the author, United States is on the top of the market whereas Africa is at the bottom; she feels that USA will have a better chance to make progress economically if they give a reasonable chance of competition to other poorer countries. Tanzania is a proper example of how a free market should work, and these markets are extremely professional, but do not get acknowledged, because of the low capital raised through such markets, which is not significant. Two of the most important principles which need to be followed are that, government and political interference should not be there in any market. Another point is that the subsidy which US government gives the cotton manufacturers is indirectly harming other poorer countries. Rich people are becoming wealthier and the poor are becoming poorer. If the subsidies are reduced, the price of cotton can be increased, which would be beneficial to other poorer markets. Another important point which is a shock is that the clothes that people donate, are not given away freely to poor people, but are sold to middlemen for huge profits, which later land in the streets of   the Tanzania marketplace. Some of the most important principles which can be followed by other industries also are that free market in any trade should be encouraged, and people should have the power to voice their demands, meaning a free democracy should be prevalent to achieve a fruitful society. Government should support free trade in any industry, and should provide the necessary platform in the form of proper education and capital to help the markets grow. Some of the other reasons for the trouble that African industries are facing are the lack of proper authority, which is due to no proper education, corruption and insecurity. The author Rivoli made a very good job of the book, she was successful in exposing the secrets and complications of the cotton trade globally.   Her views on free trade and liberal democracy are very interesting, and should be followed by the authorities of the poorer countries for a better society. On the whole she succeeded in voicing her thoughts and opinions on the recycle market in Tanzania, and hopefully, their government will provide a strong platform for such global trades. References Kris Hundley, What a T-shirt Teaches Series., St Petersburg Times, 4 October 2007, . Lauren Dorsey, Lauren Barbieri, Zack Thomas, ‘The Travelers of a T-Shirt in the Global Economy, by Pietra Rivoli’, 4 October 2007, .

Argument Essay Heaven s Gate - 1261 Words

Emiliano Diaz CW- 5th hour Argument Essay By definition religions can be considered cults. â€Å"Great devotion to a person, idea, object or work† (Merriam-Webster). But regardless of definitions, the media has made the word â€Å"cult† become surrounded by a negative connotation. A few famous examples of cults that have made headlines in America, especially in the 1980’s and 90’s include The Manson Family, Heaven’s Gate, and Scientology. Only Scientology is still active today and they have 25,000 followers in the US (Metzger). The former was made famous for the killing of Sharon Tate and four other people in 1969. It sparked instant media attention due to Tate’s popularity as an actress. Present day, Charles Manson is in jail serving life and†¦show more content†¦An argument can be made that cults are seen as a religious construct, but cults are dangerous and need to be contained. Cults are distinct from the major and minor religions people follow and worship. These group s cause horrible harm to their members, and they get away with it with the excuse of religious freedom. But they shouldn’t be protected under the amendment. Not all harm by cults is physical, mental and emotional abuse is just as harming to a person. Being slapped or punched leaves a mark on your body for a day or two, but an insult can become tattooed on your mind. In the documentary Join Us from award winning director, Ondi Timoner, some of the members from the cult Mountain Rock Church broke off and sought counseling. At The Wellspring Resort- the only rehab center for ex-cult members in the US- they opened up about their experiences and desire to recover from the abuse they endured (Join Us). Some of the members were there for about ten to fifteen years and didn’t know how to function without someone telling them exactly what to do (Join Us). Deborah Melz, the first one to speak up on her desire to leave, details times when The Reverend would corner the kids and beat them just for being loud. Watching her kids become terrified and depressed she sought help for her family (Join Us). Although her husband, who’d been withShow MoreRelatedSociological Approach to the Study of Religion1673 Words   |  7 PagesSociology is one such approach that this essay will be looking at through its founding fathers Emile Durkheim, Max Weber and Karl Marx. Sociology in general looks at people’s dynamics and explains a group’s influence. It demonstrates how religious belief and practices have become so important over time and emphasises their role and significance throughout. Each of these three sociologists has a link to these ideas which will be the main thesis in this essay. 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