Almanac Essay Example | Topics and Well Written Essays - 1750 words

Chronicle - Essay Example I revere this season. In any case past that, this is similarly a not too bad an ideal opportunity to explore The Old Farmers Almanac 2015 atmosphere figures, and see what Mother Nature may have available for us. For the winter atmosphere conjectures in 2014-2015, The Old Farmers Almanac centers to Solar Cycle 24 †which began in 2008 †and predicts temperatures in the next year to be colder than standard in the midst of winter, and more blazing than run of the mill in the midst of summer. This winter, the central and eastern United States will see colder than conventional temperatures, while the western 33% of the country will experience better than average temps. Concerning day off, central bit of the country beginning from the dakotas to Texas and a short time later east through Georgia and South Carolina can anticipate cold and dry, while the Corn Belt area will experience the cool with heavier snowfall. With everything taken into account, The Old Farmers Almanac predicts overpowering snowfall for the upper east bit of the country, though there are furthermore parts of New England †western Massachusetts, southern Vermont, New Hampshire and most of Maine †that will be dry er than normal. Florida will most likely get more precipitation than run of the mill this winter. Out west, individuals can anticipate delicate temperatures and underneath typical snowfall practically, notwithstanding the way that the western bit of New Mexico down into the western-most pieces of Texas could see cold, freezing conditions. Expect better than average temperatures or progressively typical precipitation in by far most of Washington State. In the midst of summer, we could be in for a blistering, dry one here in the midst of the country. Anticipate hot all through the country, the primary two uncommon cases being in the southwest and in the mid-Atlantic states, where in the two territories they are foreseeing standard temperatures. Looking at the guide of The Old Farmers Almanac atmosphere conjectures for summer 2015, it is hard not to

Kim’s TimeLine Essay

Sometime in the past course books, a writing slate, a lot of reference books, and a guide of the world were viewed as showing helps; kid how times have changed.â Today we should simply flip on a PC, and the world comes to us in a matter of seconds.â In today’s present day world instructors approach a practically interminable measure of information.â There are such huge numbers of sites out there that cook carefully to teachers, and their understudies. For instance, one site that is by all accounts getting a great deal of consideration from instructors and their understudies, is one that an educator made herself; her name is Kim.â I will investigate her site, alongside other showing help sites, and perceive how they rate against hers.â First of all let’s start with a fundamental diagram of my examination paper, and in what way we are going to address the accompanying inquiries: Clarify the technique for Kim’s TimeLine? Give an evaluate of Kim’s thoughts, and how they identify with the TimeLine? Rundown the benefits of Kim’s Time Line, from a student’s perspective? Rundown the burdens of Kim’s TimeLine, from a student’s perspective. Present other showing help sites, alongside diary articles, and how they match Kim’s TimeLine? Give a target finish of the inquired about material?  The motivation behind this exploration paper is to concentrate on these six inquiries. Clarify the strategy for Kim’s TimeLine?  â â      When you click onto Kim’s TimeLine, an image of a blackboard, and a phrase: Kim’s Korner for Teacher Talk, alongside a yellow sun, pops onto your PC screen.â Then in enormous dark letters the accompanying trademark catches your eye: IDEAS FOR TEACHING THE WRITING PROCESS. Kim then presents five stages of her creative cycle: Prewriting, Writing, Revising, Editing, Proofreading, and Publishing.â The website page additionally incorporates General Ideas For Teaching the Writing Process, for example, Creative cycle Timeline, The Writing Process, Implementing the Writing Process, Sample Listing of Specific Writing Strategies (for each progression), Ten Ways to Emphasize the Writing Process.â (Writing Process 2006) Give a Critique of Kim’s Ideas and How They Relate to the TimeLine?  â â â â â â To be straightforward with you, I truly delighted in perusing over Kim’s TimeLine site, andâ  found it to be non-threatening.â The data was spread out in an amazingly shortsighted way, and I could really picture understudies, alongside their educators, utilizing and profiting by the data that this training help gives. Rundown the Advantages of Kim’s TimeLine, From a Students Point of View?  â â â â â â As I previously referenced, the TimeLine is unimaginably simple to operate.â If you see the TimeLine through a student’s eyes, you will acknowledge how the site causes you to feel absolutely good, and non-threatened, concerning the data that the TimeLine is attempting to pass on to you as an understudy. Before I started this examination paper, I need to concede that I was loaded up with a specific measure of nervousness, and stress; I thought about whether I’d do a good job.â But then to my pleasure, I saw that Kim’s TimeLine had an area that managed misgiving, and worry.â Her adapting methodologies to composing tension goes as follows: Center your vitality by practicing the assignment in your mind. Deliberately stop the non-gainful remarks going through your mind by supplanting them with profitable ones. On the off chance that you have some â€Å"rituals† for composing achievement, use them. (Kim’s TimeLine 2006)  â â â â â â So venturing into a student’s shoes, I put her adapting strategies under serious scrutiny; and speculation what?â They really worked.â I sincerely felt that the TimeLine, similar to most of site based teachers’ helps would have been incredibly difficult to understand.â Either that, or it would have been some age-old strategy for teaching.â Without seeming like some mushy infomercial, I’m happy that I wasn't right, and would emphatically prescribe the TimeLine to the two understudies, and their instructors. Rundown the Disadvantages of Kim’s TimeLine, From a Students Point of View?  â â â â â â Once again I put my feet into a student’s shoes, and made a decent attempt to locate the smallest measure of an imperfection with Kim’s web-sight, yet was ineffective in my efforts.â The main defect I could discover, didn’t include the substance of her TimeLine, however rather, to what extent her site address will be: address: http://www.kimskorner4teachertalk.com/composing/general/timeline.html Present Other Teaching Aid Websites, Along With Journal Articles, And How They Measure Up To Kim’s TimeLine?  â â â â â â As this task makes reference to in its guidelines, the web furnishes you with so much data that you should build up a separating taste with regards to the estimation of a website.â I absolutely agree with this statement, and recognize that there is an unending sum ofâ statistical data points over the internet.â But how does this identify with Kim’s TimeLine? Well in understanding to the assignment’s directions I have picked five teachers’ helps sites, and will assess them.â I will likewise separate how these sites match Kim’s TimeLine.  â â â â â â The principal site is called â€Å"Free TeachingAids.com.†Ã‚ I saw this site as amorphous and dubious, sort of like a major spending film with a plot that goes nowhere.â (freeteachingaids.com 2006)  â â â â â â The subsequent site was basically titled, â€Å"Teachers’ Aids†.â This site was like Kim’s TimeLine. It was non-threatening, and from a student’s viewpoint, they will value the way that it is direct, and to the point.â But by and by, to the extent a composing instrument goes, I would in any case need to put Kim’s TimeLine over this one.  â â â â â â The third site I picked was Java Applets for Teaching of AstroPhysics. Demonstrating the difference between Kim’s TimeLine, and this site, would resemble looking at apples and oranges; they’re totally diverse.â Astrophysics isn't some tea, in any case, on the off chance that it was, I would encourage the individuals who plan a profession in this field to click onto this website.â It has a simple to follow list of chapters, alongside a straightforward easy to follow outline.â Key words are featured, and went with an unproblematic definition.â (JK’s Applets for Teaching Astrophysics 2006)  â â â â â â The fourth site is called â€Å"Classic Teaching Resources†, and manages mental helpers, and other little subtle strategies to help you as an understudy, remember course material.â It centers around: punctuation, music, dates and different numbers, and affiliation and other subjects.â The site was begun by David Parsons, he explains: â€Å"As a previous educator of Latin, Greek and Classical Civilization for almost 25 years I have collected a lot of instructing material to share, and furthermore realize what I would have preferred promptly available.â This site is a little commitment to the instructing of traditional subjects.†Ã¢ (Classic Latin Greek Teaching Aids 2006)  â â â â â â The fifth, and last site I will contrast with Kim’s TimeLine is named Parliament : Teachers’ centre.â Like the main site, â€Å"Free TeachingAids.com†, I saw it as muddled, and for absence of a superior term, some what indistinct.â It offers a list of themes, so you can choose a subject that is exactly as you would prefer; however that’s about it.â It was intended to instruct would be British residents in achieving their British citizenship credentials.â (Teaching Citizenship Resource Center and British Citizenship Teaching Aids 2006)  â â â â â â Teaching helps aren’t just getting saw on the web, they’re additionally getting affirmation in the broad communications, for example, magazine articles.â In a compelling article, composed by Greifner, she reports: â€Å"To assist instructors with talking about the most present events.â Weekly Reader is likewise propelling electronic Classroom News Breaks this fall.â The messaged exercise plans will offer age-proper data, reproducible pages, and the web connects about critical world news inside 24 hours of the event’s occurrence.†Ã¢ (Education week 2006)  â â â â â â Another article gives teachers’ a web â€Å"Book Study† manage: Gary Paulsen: webenglishteacher.com/paulsen.html This rich asset has exercise plans and exercises for all ages.â Plans incorporate a coordinated unit and a PowerPoint direct for making an endurance pack. Instructor Cyber direct †Hatchet sdco-k12.ca.us/score/bring forth/hatchettg.htm This exercise plan contains language expressions content norms, understudy exercises and web assets for an investigation of the book. Ax, mce.k12tn.net/endurance/ax/hatchet.htm An efficient asset isolated by book chapter.â Each section classification has on the web (and printable) inquiries for your book study, exercises that tie into the part topics, composing exercises and jargon activities.â (Teaching Prek-8 2006)  â â â â â â The web isn’t the main electronic medium that today’s educators are utilizing in the classroom.â Video games have made it into our academic foundations, as this article proclaims: Video games show deductive thinking, memory, methodologies, and regularly, content region knowledge.â Teachers like Bill Mackenty, a PC expert at the Edgartown School on Martha’s Vineyard, offer recognition to Playstation.â It detail

The lost wallet, a great love story!

The lost wallet, a great love story! As I walked home one freezing day, I stumbled on a wallet someone had lost in the street. I picked it up and looked inside to find some identification so I could call the owner. But the wallet contained only three dollars and a crumpled letter that looked as if it had been in there for years.The envelope was worn and the only thing that was legible on it was the return address. I started to open the letter, hoping to find some clue. Then I saw the dateline1924. The letter had been written almost 60 years ago.It was written in a beautiful feminine handwriting on powder blue stationery with a little flower in the left-hand corner. It was a Dear John letter that told the recipient, whose name appeared to be Michael, that the writer could not see him anymore because her mother forbade it. Even so, she wrote that she would always love him. It was signed, Hannah.It was a beautiful letter, but there was no way except for the name Michael, that the owner could be identified. Maybe if I call ed information, the operator could find a phone listing for the address on the envelope.Operator, I began, this is an unusual request. Im trying to find the owner of a wallet that I found. Is there anyway you can tell me if there is a phone number for an address that was on an envelope in the wallet?She suggested I speak with her supervisor, who hesitated for a moment then said, Well, there is a phone listing at that address, but I cant give you the number. She said, as a courtesy, she would call that number, explain my story and would ask them if they wanted her to connect me.I waited a few minutes and then she was back on the line. I have a party who will speak with you.I asked the woman on the other end of the line if she knew anyone by the name of Hannah. She gasped, Oh! We bought this house from a family who had a daughter named Hannah. But that was 30 years ago!Would you know where that family could be located now? I asked.I remember that Hannah had to place her mother in a nu rsing home some years ago, the woman said. Maybe if you got in touch with them they might be able to track down the daughter.She gave me the name of the nursing home and I called the number. They told me the old lady had passed away some years ago but they did have a phone number for where they thought the daughter might be living.I thanked them and phoned. The woman who answered explained that Hannah herself was now living in a nursing home.This whole thing was stupid, I thought to myself. Why was I making such a big deal over finding the owner of a wallet that had only three dollars and a letter that was almost 60 years old?Nevertheless, I called the nursing home in which Hannah was supposed to be living and the man who answered the phone told me, Yes, Hannah is staying with us.Even though it was already 10 p.m., I asked if I could come by to see her. Well, he said hesitatingly, if you want to take a chance, she might be in the day room watching television.I thanked him and drove over to the nursing home. The night nurse and a guard greeted me at the door. We went up to the third floor of the large building. In the day room, the nurse introduced me to Hannah.She was a sweet, silver-haired oldtimer with a warm smile and a twinkle in her eye. I told her about finding the wallet and showed her the letter. The second she saw the powder blue envelope with that little flower on the left, she took a deep breath and said, Young man, this letter was the last contact I ever had with Michael.She looked away for a moment deep in thought and then said softly, I loved him very much. But I was only 16 at the time and my mother felt I was too young. Oh, he was so handsome. He looked like Sean Connery, the actor.Yes, she continued. Michael Goldstein was a wonderful person. If you should find him, tell him I think of him often. And, she hesitated for a moment, almost biting her lip, tell him I still love him. You know, she said smiling as tears began to well up in her eyes, I never did marry. I guess no one ever matched up to MichaelI thanked Hannah and said goodbye. I took the elevator to the first floor and as I stood by the door, the guard there asked, Was the old lady able to help you?I told him she had given me a lead. At least I have a last name. But I think Ill let it go for a while. I spent almost the whole day trying to find the owner of this wallet.I had taken out the wallet, which was a simple brown leather case with red lacing on the side. When the guard saw it, he said, Hey, wait a minute! Thats Mr. Goldsteins wallet. Id know it anywhere with that bright red lacing. Hes always losing that wallet. I must have found it in the halls at least three times.Whos Mr. Goldstein? I asked as my hand began to shake.Hes one of the oldtimers on the 8th floor. Thats Mike Goldsteins wallet for sure. He must have lost it on one of his walks. I thanked the guard and quickly ran back to the nurses office. I told her what the guard had said. We went back to th e elevator and got on. I prayed that Mr. Goldstein would be up.On the eighth floor, the floor nurse said, I think hes still in the day room. He likes to read at night. Hes a darling old man.We went to the only room that had any lights on and there was a man reading a book. The nurse went over to him and asked if he had lost his wallet. Mr. Goldstein looked up with surprise, put his hand in his back pocket and said, Oh, it is missing!This kind gentleman found a wallet and we wondered if it could be yours?I handed Mr. Goldstein the wallet and the second he saw it, he smiled with relief and said, Yes, thats it! It must have dropped out of my pocket this afternoon. I want to give you a reward.No, thank you, I said. But I have to tell you something. I read the letter in the hope of finding out who owned the wallet.The smile on his face suddenly disappeared. You read that letter?Not only did I read it, I think I know where Hannah is.He suddenly grew pale. Hannah? You know where she is? Ho w is she? Is she still as pretty as she was? Please, please tell me, he begged.Shes finejust as pretty as when you knew her. I said softly.The old man smiled with anticipation and asked, Could you tell me where she is? I want to call her tomorrow. He grabbed my hand and said, You know something, Mister? I was so in love with that girl that when that letter came, my life literally ended. I never married. I guess Ive always loved her.Mr. Goldstein, I said, Come with me.We took the elevator down to the third floor. The hallways were darkened and only one or two little night-lights lit our way to the day room where Hannah was sitting alone watching the television. The nurse walked over to her.Hannah, she said softly, pointing to Michael, who was waiting with me in the doorway. Do you know this man?She adjusted her glasses, looked for a moment, but didnt say a word. Michael said softly, almost in a whisper, Hannah, its Michael. Do you remember me?She gasped, Michael! I dont believe it! M ichael! Its you! My Michael! He walked slowly towards her and they embraced. The nurse and I left with tears streaming down our faces.See, I said. See how the Good Lord works! If its meant to be, it will be.About three weeks later I got a call at my office from the nursing home. Can you break away on Sunday to attend a wedding? Michael and Hannah are going to tie the knot!It was a beautiful wedding with all the people at the nursing home dressed up to join in the celebration. Hannah wore a light beige dress and looked beautiful. Michael wore a dark blue suit and stood tall. They made me their best man.The hospital gave them their own room and if you ever wanted to see a 76-year-old bride and a 79-year-old groom acting like two teenagers, you had to see this couple.A perfect ending for a love affair that had lasted nearly 60 years.Author Unknown Story was submitted by visitor: Taurus Queen dateline1924 60 years: This story was probably written close to 30 years ago.

12 Hilarious ‘Billy Madison’ Quotes

Like John Belushi, Eddie Murphy, Bill Murray, Mike Meyers, Kristen Wiig, Maya Rudolph—and many others—after graduating from the cast of Saturday Night Live, Adam Sandler went on to forge a successful film career, including playing the title role in the 1995 comedy hit, Billy Madison. Billy Madison is 100% Adam Sandler Whether you love him or hate him, Sandlers over-the-top kind of comedy isnt for everyone and Billy Madison is a signature Adam Sandler movie, complete with in-your-face gags, sexual innuendo, and anything-but-subtle punch lines. Chris Farley and Norm MacDonald, two more SNL alums, add to the raunchy fun. (If you like your movies politically correct, steer clear of this one.) In the title role of Billy Madison, Sandler goes a long way toward redefining the term idiot but hes not a lost cause. True, Madison may not be the sharpest knife in the drawer, and yet your heart still goes out to him because while he may think before he acts or say whatever pops into his head without a filter, he hasnt got a truly malicious bone in his body. Like fellow film comedian Jim Carrey, while Sandlers repertoire relies heavily on goofy antics and physical comedy to draw his audience in, the larger appeal is their ability to be hilarious in an annoying sort of way—and yet remain endearing on at least some level. One of the reasons that Billy Madison is a favorite among younger audiences is that Billys cartoonish behavior isnt threatening or judgmental. Kids connect with Sandler as a man-boy who understands the challenges of what it means to be a kid because hes never really grown up himself. Billy Madison Quotes Mr. Madison, what youve just said is one of the most insanely idiotic things I have ever heard. At no point in your rambling, incoherent response were you even close to anything that could be considered a rational thought. Everyone in this room is now dumber for having listened to it. I award you no points, and may God have mercy on your soul.—Principal Back to school. Back to school, to prove to Dad that Im not a fool. I got my lunch packed up, my boots tied tight, I hope I dont get in a fight. Oh! Back to school... back to school... back to school. Well, here goes nothing.—Billy Madison​Well, sorry doesnt put the Triscuit crackers in my stomach now, does it Karl?—Eric Have some more sloppy Joes. I made em extra sloppy for yous. I know how yous kids like em sloppy.—Lunch Lady Sometimes I feel like an idiot. But I am an idiot, so it kinda works out.—Billy Madison If youre gonna stay home today, you can help me shave my armpits!—Jaunita I am the smartest man alive!—Billy Madison Ooh, that boys a fine piece of work all right. Hes a fine piece of ass though, too.—Jaunita What is a horseshoe? What does a horseshoe do? Are there any horse socks? Is anybody listening to me?—Old Lady If peeing in your pants is cool, consider me Miles Davis.—Old Farm Lady You were brought up with every advantage. I bought you everything. Toys, cars, vacations, clothes...—Brian Madison When I graduated from first grade, all my dad did was tell me to get a job.—Frank

The changing dynamics of Supply Chain Inventory Management - Free Essay Example

Sample details Pages: 6 Words: 1852 Downloads: 8 Date added: 2017/06/26 Category Statistics Essay Type Cause and effect essay Did you like this example? Supply chain management (SCM) is the management of a network of interconnected businesses involved in the ultimate provision of product and service packages required by end customers (Harland, 1996). Supply Chain Management spans all movement and storage of raw materials, work-in-process inventory, and finished goods from point of origin to point of consumption (supply chain). Another definition is provided by the APICS Dictionary when it defines SCM as the design, planning, execution, control, and monitoring of supply chain activities with the objective of creating net value, building a competitive infrastructure, leveraging worldwide logistics, synchronizing supply with demand, and measuring performance globally. Supply chain management must address the following problems: Distribution Network Configuration: number, location and network missions of suppliers, production facilities, distribution centers, warehouses, cross-docks and customers. Distribu tion Strategy: questions of operating control (centralized, decentralized or shared); delivery scheme, e.g., direct shipment, pool point shipping, cross docking, DSD (direct store delivery), closed loop shipping; mode of transportation, e.g., motor carrier, including truckload, LTL, parcel; railroad; intermodal transport, including TOFC (trailer on flatcar) and COFC (container on flatcar); ocean freight; airfreight; replenishment strategy (e.g., pull, push or hybrid); and transportation control (e.g., owner-operated, private carrier, common carrier, contract carrier, or 3PL). Trade-Offs in Logistical Activities: The above activities must be well coordinated in order to achieve the lowest total logistics cost. Trade-offs may increase the total cost if only one of the activities is optimized. For example, full truckload (FTL) rates are more economical on a cost per pallet basis than less than truckload (LTL) shipments. If, however, a full truckload of a product is ordered to reduce transportation costs, there will be an increase in inventory holding costs which may increase total logistics costs. It is therefore imperative to take a systems approach when planning logistical activities. These trade-offs are key to developing the most efficient and effective Logistics and SCM strategy. Information: Integration of processes through the supply chain to share valuable information, including demand signals, forecasts, inventory, transportation, potential collaboration, etc. Inventory Management: Quantity and location of inventory, including raw materials, work-in-progress (WIP) and finished goods. Cash-Flow: Arranging the payment terms and methodologies for exchanging funds across entities within the supply chain. Supply chain execution means managing and coordinating the movement of materials, information and funds across the supply chain. The flow is bi-directional. Inventory management is primarily about specifying the size and placement of stocke d goods. Inventory management is required at different locations within a facility or within multiple locations of a supply network to protect the regular and planned course of production against the random disturbance of running out of materials or goods. The scope of inventory management also concerns the fine lines between replenishment lead time, carrying costs of inventory, asset management, inventory forecasting, inventory valuation, inventory visibility, future inventory price forecasting, physical inventory, available physical space for inventory, quality management, replenishment, returns and defective goods and demand forecasting. Balancing these competing requirements leads to optimal inventory levels, which is an on-going process as the business needs shift and react to the wider environment. It involves a retailer seeking to acquire and maintain a proper merchandise assortment while ordering, shipping, handling, and related costs are kept in check. Systems and pro cesses that identify inventory requirements, set targets, provide replenishment techniques and report actual and projected inventory status. It handles all functions related to the tracking and management of material. This would include the monitoring of material moved into and out of stockroom locations and the reconciling of the inventory balances. It may also include ABC analysis, lot tracking, cycle counting support etc. Management of the inventories, with the primary objective of determining/controlling stock levels within the physical distribution function to balance the need for product availability against the need for minimizing stock holding and handling costs. 1.2 Rationale to the study Most of the researches in supply chain areas are concerned about optimizing the supply chain in terms of its efficiency and competence in the product market, but only limited studies are done considering the inventory management in supply chains. Effective inventory management in a supply chain can play a vital role in cutting inventory holding costs across the different stages of the supply chain, thus emphasizing the need of a general model for managing inventories within a supply chain. Baganha Cohen (1996) developed a stabilizing model for effective inventory management for supply chains. Supply chain materials management methods could be made complex considering a multi product scenario and discontinuous supply chains. So the models developed should have room for all kinds of supply chain variability. Lee Billington (1993) developed a model for inventory management considering decentralized supply chains. 1.3 Overview/Significance of the are under study Inventory management for supply chains could be effective only when the information flow from top to bottom of a supply chain is streamlined. Cachon Fisher (2000) developed a value shared information model and performed a comparative study with the conventional data sharing strategies and end ed up with the proposed model performing better, reducing inventory holding expenses. Strategic plans for the effective 4 distribution of information are essential for supplying goods at the customer expected rate. Mutual sharing and analyzing of the information and standards between the supplier and customer at every stage of the supply chain is crucial and it also nurtures customer supplier relationships. Thus incorporating information flow standards in inventory management in a supply chain will definitely result in increased returns. Supply chains can be streamlined in such a way that they are continuous and follow the chain of activities at any given time. But there are certain cases where the chains appear to be in a broken or discontinuous form due to lack of communication flow and other practical factors that limit them from following the supply chain policy. So in such cases it is extremely difficult to evaluate the inventory management strategies. Materials stored at va rious locations of a supply chain can have divergent effects on the cost and service levels of the chain (Lee Billington, 1993). So managing inventories in such supply chains requires special focus and considerations at all levels. Inventory exist s in the supply chain because of a mismatch between supply and demand. This mismatch is intentional at a steel manufacturer where it is economical to manufacture in large lots that are then stored for future sales. The mismatch is also intentional at a retail store where inventory is held in anticipation of future demand. An important role that inventory plays in the supply chain is to increase the amount of demand that can be satisfied by having product ready and available when the customer wants it. Another significant role inventory plays is to reduce cost by exploiting any economics of scale that may exist during both production and distribution. Inventory is spread throughout the supply chain from raw materials to work in proce ss to finished goods those suppliers, manufacturers, distributors, and retailers hold. Inventory is a major source of cost in a supply chain and it has a huge impact on responsiveness. If we think of the responsiveness spectrum, the location and quantity of inventory can move the supply chain from one end of the spectrum to the other. For example, an apparel supply chain with high inventory levels at the retail stage has a high level of responsiveness because a customer can walk into a store and walk out with the shirt they were looking for. In contrast, an apparel supply chain with little inventory would be very unresponsive. A customer wanting a shirt would have to order it and wait several weeks or even months for it to be manufactured, depending on how little inventory existed in the supply chain. Inventory also has a significant impact on the material flow time in a supply chain. Material flow time is the time that elapses between the points at which material enters the supp ly chain to the point at which it exist. Another important area where inventory has a significant impact is throughput. For a supply chain, throughput is the rate at which sales occur. If inventory is represented by I, flow time by T, and throughput by D, the thee can be related using Littles law as follows: I = DT For example, if the flow time of an auto assembly process is ten hours and the throughput is 60 units an hour, Littles Law tells us that the inventory is 60 x 10 = 600 units. If we were able to reduce inventory to 300 units while holding throughput constant, we would reduce our flow time to five hours (300/60). We note that in this relationship, inventory and throughput must have consistent units. The logical conclusion here is that inventory and flow time are synonymous in a supply chain. managers should use actions that lower the amount of inventory needed without increasing cost or reducing responsiveness, because reduces flow time can be a significant advanta ge in a supply chain. 1.4 Historical Developments In the 1980s, the term Supply Chain Management (SCM) was developed[6] to express the need to integrate the key business processes, from end user through original suppliers. Original suppliers being those that provide products, services and information that add value for customers and other stakeholders. The basic idea behind the SCM is that companies and corporations involve themselves in a supply chain by exchanging information regarding market fluctuations and production capabilities. If all relevant information is accessible to any relevant company, every company in the supply chain has the possibility to and can seek to help optimizing the entire supply chain rather than sub optimize based on a local interest. This will lead to better planned overall production and distribution which can cut costs and give a more attractive final product leading to better sales and better overall results for the companies involved. In corporating SCM successfully leads to a new kind of competition on the global market where competition is no longer of the company versus company form but rather takes on a supply chain versus supply chain form. The primary objective of supply chain management is to fulfill customer demands through the most efficient use of resources, including distribution capacity, inventory and labor. In theory, a supply chain seeks to match demand with supply and do so with the minimal inventory. Various aspects of optimizing the supply chain include liaising with suppliers to eliminate bottlenecks; sourcing strategically to strike a balance between lowest material cost and transportation, implementing JIT (Just In Time) techniques to optimize manufacturing flow; maintaining the right mix and location of factories and warehouses to serve customer markets, and using location/allocation, vehicle routing analysis, dynamic programming and, of course, traditional logistics optimization to maximize the efficiency of the distribution side. There is often confusion over the terms supply chain and logistics. It is now generally accepted that the term Logistics applies to activities within one company/organization involving distribution of product whereas the term supply chain also encompasses manufacturing and procurement and therefore has a much broader focus as it involves multiple enterprises, including suppliers, manufacturers and retailers, working together to meet a customer need for a product or service. Don’t waste time! Our writers will create an original "The changing dynamics of Supply Chain Inventory Management" essay for you Create order

Professional Athletes’ Salaries Free Essays

In today’s society, the American people can’t get enough of their favorite teams and athletes. Entire cities are infatuated with these teams and as a result, people spend much of their time and money watching and rooting, hoping for a victory. There is nothing wrong with enjoying and marveling at the talent of these professional athletes, but what happens with all these resources that go into the sports? They go straight to the players. We will write a custom essay sample on Professional Athletes’ Salaries or any similar topic only for you Order Now Although our society idolizes and cheers on our favorite athletes, they are significantly overpaid. The amount of money some of the best athletes make in a year is astonishing. Professional baseball player, Alex Rodriguez, will have made 33 million dollars this year, just based on his salary, not including endorsements (Freedman). Tiger Woods made almost 23 million dollars in his winnings from various golf tournaments in 2009, and add on another 105 million from his endorsements and you get the highest paid athlete in the world (Freeman). Endorsements are another subject entirely, but it makes you understand how important it is for companies to have their logo on someone’s hat, or have a big star in their commercial. Keep in mind not all athletes are paid in millions, we are talking about some of the best in the most popular sports. That being said, the average MLB player’s contract will be around three million dollars, and the minimum being 400 thousand dollars (MLBPA). This means a player sitting on the bench the entire season will make nearly ten times what the average teacher will make. The reason all of these players get paid so much is because all professional sports leagues are essentially a business. And with all these countless numbers of sport fans (myself included), business is booming. It is important to understand how the business works when you need to fix a problem. The Managers and Owners want their team to do well to bring in the fans, which in turn brings in the money. If a team is doing well they will make exponentially more money because of the sellout crowds and the jersey’s flying off the shelves. The best way to improve your team is to get the best players, and that is done by paying for them. When a player is a free agent (does not have a contract to a specific team), teams will essentially bid and negotiate, and in most cases the highest paying team will get that player. This is why teams like the Yankees have so many of the best players, because of their humungous fan base, they have a seemingly unlimited amount of cash to bring in the best players. So all this money is coming in from tickets and clothing and other sources of income and it has to go somewhere, right? Many people think athletes are rightfully paid all the money they have earned. Some argue that football players have short careers and many health problems after they are retired, so they will then need money for their injuries. With the average NFL player making 310 Thousand dollars in a year (NFL Player†¦ ), and they play 10 years for example, they should be okay financially. Some young athletes will receive their first big check and go blow it all immediately. This is why some players are broke years after their career, and try to use it to justify their pay check, and make it seem as if they aren’t paid that much at all. In reality it is their poor money managing skills; they still make a ridiculously larger amount of money in their career than any normal person will make in their lifetime. Another argument is that not all athletes are paid so highly. This is true, a professional volleyball player, or even a minor league baseball player, will probably not make as much as a A-Rod or Tiger, but they are making a living by having fun playing a sport. What more could you ask for? When you take a look at an athlete’s salary and compare it to a teacher, fireman, or even a doctor, it doesn’t even come close. There are so many other occupations that are paid much less than a pro athlete, but contribute much more to our community. Teachers are having to have more and more students in their classes and many of them are having to find a new career because of the pay. A good teacher can change the lives of some students and provide so much knowledge, but it is hard to aspire to be a teacher rather than an athlete when you compare the two’s salary. Think of all the money we could put into education, health, the environment, just to name a few. Just being able to live by playing a sport is something players shouldn’t take for granted. It is the very fans of the sports who are responsible for such high salaries (Callahan). The main way to lower professional athletes’ salaries would be for people to stop paying so much for tickets, jerseys, and sports packages on television. Frankly, that will not be happening anytime soon with the current way we worship these people. What needs to happen is the big professional sports leagues (NBA, MLB, NFL, NHL), need to recognize what is going on. They need to see how our economy is hurt and how our society needs the financial support. Ticket prices need to be slashed. Jersey prices need to be slashed. The best athletes can still be rewarded and paid a few hundred thousand, not millions and millions. They can still make great money from endorsements. And those extra funds need to be given back to the cities that have given so much to the sports franchises. The people need them to rebuild our educational and health systems, and our overall economy. Players can still have a great standard of living, but it is just wasted money if they are sitting among America’s richest. Many of these arguments can also be said for corporate CEO’s and that needs to change. These people are at the top of the food chain while everyone below them is hurting. The sports leagues are blinded by greed and stardom; not only is it the athletes being paid so much, but the team owners as well. It is okay to look at these pro’s as a personal hero, but we need to step back and cut down on how much we idolize them if we want to see improvement. In the end, it is all a business and it is their job to step up and make a change to better our society. How to cite Professional Athletes’ Salaries, Papers

Accounting for Partnership Business free essay sample

Through the comparison of the different business structures, Christina and David will choose the partnership as the form of business entity to commerce their new business. This report will discuss the reasons of choosing the partnership and then point out the advantages and disadvantages of different business structures. It will also explain the registration process and agencies that are involved in the form of partnership entity. Finally, based on the partnership agreement, some implications and financial reports will be given in the report. Sole trader The three main options are sole trader, partnership and company. Each has advantages and disadvantages, depending on various circumstances. Running a new business as a sole trader is the easiest approach, since getting started costs very little and is simple. The sole trader does not pay separate income tax and is not subject to company regulation such as the Corporations Act (Birt, Chalmers, Byrne, Brooks amp; Oliver, 2012). Also, the owner can retain full control, have rights to make decisions and get all the profits, if the business underperforms, he can offset losses against other income. However, the individual has unlimited liability since it is not a separate legal entity. That is to say, the owner is personally responsible for all the debts incurred by the business. If it goes bad, he may be forced to sell other assets and the personal assets could be at risk. The tax disadvantage is that a person may be liable to pay income tax up to the top marginal tax rate (Pendieton amp; Vickery, 2005). Moreover, this form is limited by skill, time and investment of the individual owner (Harris, Hargovan amp; Adams, 2009). Partnership Partnership, as a form of business structure, involves a group of two or more people carrying on the business in common with a view to profit (Harris, Hargovan amp; Adams, 2009). The partners will share the profits, losses and risks based on the ownership structures described in the partnership agreement (Birt et al. , 2012). The use of partnerships and its attractions can be attributed to several reasons. First and foremost, as is the case with sole trader, partnership is easy to set up with minimal costs and resources. Individuals are not required to prepare additional paperwork to form an ordinary partnership (Harris, Hargovan amp; Adams, 2009). However, they must fulfill the same registration requirements as other new business. Meanwhile, as with sole traders, although many partnerships use MYOB or QuickBooks to assist in report preparation, there are no formal requirements for partnership financial statements on the basis of accounting standards (Birt et al. , 2012). In other words, there is not bound by accounting standards and it is easy to create without many formalities due to lighter government regulation compared to companies. In the second place, the partnership does not pay separate taxation on the income and profits they earned and has the ability to split tax and share the responsibility for running the business. Although the partnership will present an annual partnership income tax return to the Australian Taxation Office (ATO) in order to maintain the partnership’s income and deductions for the period, they do not need to obey as much government regulation as companies (Birt et al. , 2012). Furthermore, the pooling of capital and resources is a plus as is the simplicity and tax arrangement (Harris, Hargovan amp; Adams, 2009). It means that this structure can combine the capital, skills as well as the talents, which will promote the efficiency of decision-making (Kimmel, 2008). But each partner takes on unlimited liability for the businesss debts and there is also the risk of dysfunctional disagreements among the partners (Pendieton amp; Vickery, 2005). Company With the company option, it is a form of business organization and separate entity from its directors and members. One of the advantages is the ownership flexibility, shareholders being able to come and go without unduly affecting the business. At the same time, the limited liability of shareholders leads to the transference of the ownership rights for shareholders (Pendieton amp; Vickery, 2005). Other advantages include that it is easy to raise capital through public share offerings and expand the business networks effectively due to legal structure (Birt et al. , 2012). Nevertheless, it is expensive and time consuming to set up. Complying with Corporations Act and other legal requirements, different types of companies need to prepare the financial reports based on accounting standards as well as conduct the complicated operational procedure like shareholder meetings or cultural management. While company taxation rates may be lower than some individual tax rates, tax losses are not passed through to the members because of its separate legal entity (Seidman, 1950). Therefore, the distinctive features of the partnership structure overweigh its disadvantages. The comparisons between the sole trader, partnership and company also show that the partnership is an appropriate choice for Christina and David’s small business. It is common in the fields of law and accounting. There are four essential elements for partnership: there must be a valid agreement between the parties ensuring the relationship; there must be a business being carrying on in accordance with Partnership Act; there must be two or more persons working in the business together although there may be silent partners who are not actively involved in the management; there must be a motivation to run the business so as to generate a profit, even if business is ultimately unsuccessful in making a profit (Pendieton amp; Vickery, 2005). The carrying on of a business may include a continuing activity over a period of time. Accordingly Christina and David can fulfill the above conditions and choose the partnership to conduct their business. Registration Process To conduct their business in a better way, registration processes and relative agencies involved in the formation of the partnership should be taken into account. To begin with, the basic registration requirements consists of applying for and Australian Business Number (ABN), which is an identifying number for dealing with the ATO and other government departments (Birt et al. 2012). Similarly, the partnership business need to register a unique number to increase the efficiency in administering tax called tax file number (TFN). The next step is that Christina and David need to elect to use a business name Camp;D tax agents for trading purpose. The business name is administered by the Australian Securities and Investments Commission (ASIC). This information is he ld in a public registry under the state or territory Business Name Registration Act 2011 (Harris, Hargovan amp; Adams, 2009). It details the identities of persons conducting the business and is useful for creditors. By accessing the information, creditors can ascertain who is operating the business. Another main registration requirement is the partnership agreement between two or more parties to enter into a legally binding relationship. The creation of partnership is essentially contractual in nature and the rules applicable to the formation of a contract must be followed for the partnership to have validity (Kimmel, 2008). If there is no partnership agreement, then the law assumes that all profits and losses will be shared equally between the partners. In this case, Christina and David decide to have a formal written partnership agreement because it clarify each partners roles, responsibilities, assets and liabilities and reduces the likelihood of disputes. An agreement can also cover what happens if the structure is dissolved or changed, for example, through the retirement or death of one of the partners (Pendieton amp; Vickery, 2005). Written agreement also needs to cover including the name of partnership, the role and authority of each partner, proportion of ownership of each partner, the manner of dissolution, the distribution of assets on dissolution and the resolution of disputes (Birt et al. , 2012). According to contribution of cash from Christina and David, which are $80,000 and $30,500 separately, Christina should be entitled to 73%, a greater share than David who accounts for 27% of the profits and losses. The salary of Christina and David is $5,600 each er month and are paid by fortnight. In terms of taxation, a partnership has its own TFN and lodges its own separate tax return with ATO (Birt et al. , 2012). In other words, although the partnership does not pay tax, individuals need to lodge an annual partnership income tax return on behalf of the business to show the total income earned and deductions claimed by the business. The tax return also shows each partners share of net partnership income as set out in the partnership agreement. Each partner includes their share on the individual tax return. As a partner, you must pay tax on your share of the partnership income you earn. Under a partnership, each partner is personally liable for the tax debts of the partnership. As a member of the partnership, youre responsible for your own super arrangements as youre not an employee of the business. You may be able to claim a deduction for any personal super contributions you make, and the partnership must make super contributions for any eligible workers they employ (Seidman, 1950). Lastly, individual partner is responsible for paying tax on the business income. Taking their partnership reports into account, there is no bound by accounting standards or company regulation, thus there is no guideline to follow when producing financial reports. Meanwhile, it is flexible in how they report on their financial position and financial performance (Kimmel, 2008). Financial Report On 1 July 2012, Christina and David established a partnership business structure named Camp;D tax agent, specializing in tax return service for customers. Christina and David managed the business themselves and hired Paula as an assistant. According to the written partnership agreement, they are liable for the debts and Christina is entitled to 72%, David is entitled to 27% of the profits and losses. The salary of Christina and David is $5,600 each per month. The main income comes from a contract with XYZ Ltd and tax return service for clients. To ensure the efficiency of the operation, they purchased a Bamp;W computer and signed a three-year lease on a BMW. Besides, the business expenses include rents, stationery, bills, advertising fees and so on. Now Camp;D tax agent has been operated for one month, the following transactions have occurred. Hence a worksheet is prepared as follows (Figure 1). Figure 1 Worksheet Figure 1 Worksheet The income statement reflects the success of the partnership in generating profits from its available resources during period ending 31 July 2012 using accrual accounting and also assesses the profitability of an entity throughout the life of the partnership (Birt et al. , 2012). In order to reflect the profits ability of Camp;D tax agent, the income statement is presented in Figure 2. Camp;D Tax Agent| Income Statement for period ending 31 July 2012| Income| | $| $| ?| Revenue| 29,595 | ? | Total income | | | 29,595 |