Thursday, May 21, 2020
Sample details Pages: 5 Words: 1544 Downloads: 9 Date added: 2017/06/26 Category Finance Essay Type Narrative essay Did you like this example? Inventory carrying costs can be defined as the cost related to hold / store in the inventory. The inventory costs are considered to be the highest hidden and unknown costs in the world of business. Most of the managers consider inventory holding costs normally from 15 to 35% of the inventory value, but on the other hand there are also some businessmen and co-operations which do not consider the inventory carrying cost even though these costs are real and substantial and matter a lot. The cost of carrying inventory has a direct relation with the number of ware houses that a company have but also on the firms distribution polices, for example if we have same customer service level, low inventory carrying cost could result in the use of different ware houses which can also slows down the mode of transportation such as railroads. Whereas the high inventory carrying costs could lead in limited number of stock ware houses which save time and results in faster transportation by motor carriers or aircrafts in order to provide same service in both the cases. If we dont know the exact and accurate estimation of inventory carrying cost of a firm, then that firm or company will not be able to choose the distribution policies which would minimize its costs, but if we know the accurate total cost associated with carrying cost of inventory then we know the cost tradeoffs which can be made within the logistics system. DonÃ¢â¬â¢t waste time! Our writers will create an original "Inventory Carrying Costs Paraphrasing Out Finance Essay" essay for you Create order Fig-1 illustrates the tradeoffs that are necessary when developing policies like customers service levels, purchasing policies, transportation policies and warehousing systems if maximum corporate profitability is to be realized. The basic Cost Categories There are 4 basic types of cost which should be considered wile calculating the inventory carrying cost which are: Capital costs Inventory service costs Storage space cost Inventory risk costs. These are explained in detail as follow Capital Costs Most of the businessman is of the view that investing inventories is relatively liquid and riskless investment because they feel that they will get somewhat a lower return on the inventory investment. However holding inventory requires capital which could have been used in other investments and by investment money as inventory the company/ firm foregoes the rate of return that could be obtained by doing such type of investment. Therefore the companys opportunity cost of capital should be applied to the investment in inventory. Moreover this cost of capital should be made by out of pocket investment in inventory. Many companies also use some variation of absorption for the inventory valuation; in this they consider only the manufacturing costs that are relevant which are cost of capital, the companys minimum acceptable rate of return should be applied to the variable costs which are directly related with the inventory. The measurement of the cost of capital is very complex. Lets consider an example From the article same to same The coupon rate on bounds is not an accurate measure of cost of debt capital, so to measure the cost of debt capital; the impact of the marginal use of debt on the market price of common stock must be eliminated. Also from the fig. used for the cost of capital will depend on whether the security valuation is made on the basis of investment opportunities, stream of dividends, stream of earnings or discounted cash flow. What is required is a straightforward method of calculating the cost of capital that can be easily understood and applied by businessmen. In most business situations available capital must be rationed to the most attractive investments possibilities. James Moa has explained the concept of a hurdle rate the rate over which the projects will be accepted rate of return for use in the situations where capital is rationed. He defined the rate as the rate of return on the marginal investments, due to the principles of opportunity costs. Consider an example, a firm which pays 10% for funds that it acquires and because of capital rationing the marginal investments promising annual returns of 15%, although the cost of capital is only 10%. This means that relevant time value of money is measured by the return on the most profitable investments. Of course this 15% hurdle rate could also be selected as the cost of capital to the firm. The hurdle concept should be used in order to calculate the actual cost involved. It must be used by the companies experiencing capital rationing, and where the capital rationing is not used the capital invested in inventory is expected to earn a rate competitive with a marketable security and other liquid investments of a firm. Inventory Service Costs: The inventory service costs include the insurance and tax costs. The tax costs vary from state to state depending on the state the inventory is held. If the inventories are exempt to 19.8% of the assessed value than the tax rate may range from zero in those states like in Indiana State. Generally the taxes have a direct relation with the inventory levels like if the inventory level is increasing than the tax rate will also increase or vice versa. While on the other hand the insurance rates are not strictly proportional to the inventory levels, because insurance is usually purchased for a specified time period and insurance policy will be revised periodically based on the expected inventory changes. There are other different reasons that how the insurance rates vary like, they could be affected by the types of materials used in the construction of the building to house the inventory, the buildings age and considerations such as the types of fire prevention equipment installed. Storage Space Costs: In storage space cost 4 types of facilities should be considered which are: Plant warehouses. Public warehouses. Rented (leased) warehouses. Privately owned warehouses. These are explained in detail as follow: Plant warehouses: The costs related to plant warehouses are mostly fixed in nature but there are some variable costs such as the cost the cost of taking inventory and other direct expenses should be included in inventory carrying costs. Incase if the warehouse space is rented or used for some productive purpose but not for storing inventory only then fixed charges and allocated costs are concerned otherwise they irrelevant. Space in Public warehouses: Some things Copied The space in public warehouses is usually rented on a dollar per hundred weight or on a volume occupied basis. As the public warehouses is the most economical way to provide the desired level of customer service without incurring excessive transportation costs. Due to this reason mostly the costs related to public warehouses are considered as throughput costs and only charges for recurring storage that are explicitly or implicitly|(select other words) included in costs. and more the cost of capital related with holding inventory in public warehouses must be included in the cost of carrying inventory. This cost is equal to the variable manufacturing cost plus variable distribution cost, multiplied by the opportunity cost of capital or the hurdle rate. Rented (leased) warehouses: Rented or leased warehouses are normally contacted or leased for a specified period of time. The amount of space which is rented depends upon the maximum amount needed for the period of contract. The warehouse rental charges are fixed and do not vary from day to day with the change in the inventory level, but while on the other hand the rental charges may vary to month to month or year to year until a new contract is made. In most case the rented warehouse charges are mostly fixed but some may vary with the amount of inventory held. In any case these costs could be abolished by not renewing the contract. However these costs should not be included in the inventory carrying cost but in the warehousing cost category. (See exhibit 1). Fig.1 Privately Owned warehouse copied All the operating costs could be eliminated by closing down a privately owned warehouse or the net savings resulting from change to public warehouses should be included in warehousing costs and not I the inventory carrying costs. Inventory Risk Costs: Copied Inventory risk cost is a type a variable cost that varies from company to company. It includes charges for obsolescence, damage, pilferage, and relocation of inventory. The cost of obsolescence is the cost of each unit which must be disposed of at a loss because it becomes old. The costs associated with the damaged goods should be included only for the portion of damage which is directly attributable to the volume of inventory held. The damage incurred during shipping is considered a throughput cost since it will continue regardless of the inventory level. Problems associated with the inventory risk cost: Shrinkage: The problem of shrinkage occurs due to pilfering. (i.e. inventory theft) for American businessmen. They consider this problem more an important than cash frauds or cash embezzlement, because it is hard to control and this cost may be closely related to company security measure than inventory level depending upon the number of warehouse locations. Relocation cost: (copied) Relocation costs are the cost associated with the transshipment of inventory from one warehouse to another to avoid obsolescence. Mostly these costs are the result of tradeoffs between transportation and warehousing costs and not relevant for the inventory holding cost.
Monday, May 18, 2020
Adam Liptak, a journalist for the New York Times, explained in Utah, in Opposing Gay Marriage, Find Three Arguments are Better than One why a heterosexual relationship is better for raising children in. The Utah law that would have allowed same sex couples to marry was recently shot down. Liptak goes on to explain why he agrees with the bill not being passed. The article states that this was important in Ã¢â¬Å"holding up and encouraging man-woman unions as the Ã¢â¬ËpreferredÃ¢â¬â¢ arrangement in which to raise childrenÃ¢â¬ (Liptak, 2014, para. 12). This discrimination towards same sex couples wanting to raise children is appalling. Homosexual couples should have the right to raise children just as heterosexual couples do. Liptak argued his point by raising his concern for responsible procreation within society. He suggested that responsible procreation was between a man and woman inside of marriage. However, denying the right to marry and adopt to same-sex couples the govern ment is helping to increase the norm of sex and child raising outside of marriage. A lot of work and thought must go into the adoption of or alternative conception of a child. These processes are time consuming and the couple must put much thought and effort into having and raising a child before acquiring one through adoption, foster care, or using alternative conception methods. Children raised in a loving, nurturing environment have the largest advantage no matter the sexual orientation of the couple. According
Wednesday, May 6, 2020
Arithmetic (Measures the ability to correctly perform mental computations with expediency; thus measuring the speed of mental processes. Knowledge of advanced vocabulary or more advanced learned mathematical concepts, such as formulas, is not required as the objective of the category is merely to test speed of the participants ability to perform mental computations. All of the answers to the following questions will be quantitative.) Theoretical Mathematics (Measures the cognitive ability to perform theoretical computations without numerical values; measures the ability to recognize mathematical relationships in commonplace situations. All of the answers to the following questions will be in term of another variable or in relationship to another factor in the question. None of the answers will ask for a definitive quantitative answer; all answers will be more theoretical and will test the test takers ability to recognize mathematical patterns and relationships.) Reading Comprehension and Memory (Short Term) A few questions will test the participants ability to recall very short passage/sentences verbatim and write their responses into a computer based program that will calculate their performance. In order to replicate the sentence, the reader must be able to comprehend it to a certain extent, thus measuring reading comprehension as well as memory. Visual Comprehension and Memory Participants in the IQ exam, will take a CBT; thus, the limits of a PBT eliminate the limits.Show MoreRelatedVon Neumann architecture, or the Von Neumann model, stems from a 1945 computer architecture1100 Words Ã |Ã 5 Pagesfor an electronic digital computer with a control unit containing an instruction register and program counter , external mass storage, subdivisions of a processing unit consisting of arithmetic logic unit and processor registers, a memory to store both data and commands, also an input and output mechanisms. The meaning of the term has grown to mean a stored-program computer in which a command fetch and a data operation cannot occur at the same time because they share a common bus. This is commonlyRead MoreHow Data and Programs Are Represented in the Computer1672 Words Ã |Ã 7 PagesWe started with a simple fact: electricity can be either on or off. Other kinds of technology also use this two-state on/off arrangement. An electrical circuit may be open or closed. The magnetic pulses on a disk or tape may be present or absent. Current may be high voltage or low voltage. A punched card or tape may have a hole or not have a hole. This two-state situation allows computers to use the binary system to represent data and programs. The decimal system that we are accustomed to hasRead MoreHistory : History And History Essay1592 Words Ã |Ã 7 PagesGauss 4 Gottfried Achenwall 4 John Graunt 4 Thomas Bayes 4 G. Cardano 4 Tippett Fisher 4 William the Conqueror 4 Francis Galton 4 William Playfair Pioneer of Statistical Graphics 4 2: Statistics and meaning: 5 3- History: 6 4-Conclusion: 9 References 9 Ã¢â¬Æ' 1: Origin At the origin the information storage was found for millions years. A number of items were engraved on bones or woods and rocks (about 35000 years in Europe and 60,000 years in Africa: AfricanRead MoreHow to Lie with Statistics by Darrel Huff732 Words Ã |Ã 3 Pagessurvey honestly. Author uses very good example to explain the issue of sample studies. Author mentions, average income of Yale man is 25,111 a year. He explains that this has a bias because when it come to income, some people over exaggerate and some people say less than what they actual make due to taxes. The book also talks about how not qualifying an average can change the meaning of the data. Usually when people hear word average, they usually think about the arithmetic mean. But I said, Ã¢â¬Å"averageÃ¢â¬ Read MoreAdvantage and Disadvantage of Internet: Computer Fundamentals1164 Words Ã |Ã 5 Pagesrapid calculations. Addition, subtraction, division and multiplication can be performed on a standard abacus. The a bacus is still in use today by shopkeepers in East Asia and some parts of North America. Adding Machine Blaise Pascal, a French mathematician, invented an adding machine. The machine has adopted partly the principles of the abacus but did away with the use of the hand to move the beads or counters. Instead, Pascal used wheels to move counters. Analytical Engine Charles Babbage, an EnglishRead MoreThe Evaluation of the Microprocessor.1464 Words Ã |Ã 6 Pagesthe use with both microprocessor 68000 and the 68020(Encarta 95). Math coprocessors, if supported by the application software, would speed up any function that is math-based. The microprocessor 68881 does this by additional set of instructions for high- proformance floating point arithmetic, a set of floating-point data registers, and 22 built-inconstants including p and powers of 10. The microprocessor 68881 conforms to the ANSI/IEEE 754-1985 standard for binary floating-point arithmetic. WhenRead MoreStudying A Habit That Plenty Of People1390 Words Ã |Ã 6 Pagesfew years. Section one will test over your ability in verbal communication meaning it will be testing your verbal skills. The verbal section will be split into two thirty minute parts, both covering your vocabulary, reading comprehension, and grammar skills. Section two will be the quantitative section, covering testing your ability to problem solve. Subjects in this section of the test will include material over arithmetic, algebra, data analysis and geometry skills. Before August 1st in 2011, aRead MoreUnited States President Dwight D. Eisenhower s Atom For Peace1311 Words Ã |Ã 6 Pagesatomic might are not ours aloneÃ¢â¬ applying pathos as his rhetorical strategy by using loaded language and evoking emotions from his audience giving them knowledge that not only our allies, but also our enemies, knew of the power of atomic ammunition. He uses hard evidence as well as logos to gain credib ility from his audience, by reminding them and providing evidence that Ã¢â¬Å"on July 19, 1945, the United States set off the worldÃ¢â¬â¢s first atomic explosionÃ¢â¬ . This showed the importance of the accomplishment inRead MoreThe History of Mathematics Essay627 Words Ã |Ã 3 Pages What is the meaning of history? According to Merriam-WebsterÃ¢â¬â¢s online dictionary, history is: past events that relate to a particular subject, place, organization, etc (Merriam-Webster, 2014). Math began in 30000BC and is still changing now in 2014. During each year, something new has happened. From 30000BC to 127BC there were many things happening for the beginning of math. In 30000BC, Palaeolithics in Europe and France recorded numbers on bones. Around 25000BC, there were signs of earlyRead MoreThe History of Zero: Indian and Mayan Cultures726 Words Ã |Ã 3 PagesArabic meaning void or empty which became later the term for zero. The ancient Egyptians never used a zero symbol in writing their numerals. Instead they had a zero to represent a value or magnitude. The early Greeks, who were the intellectual inheritors of Egyptian mathematics and science emphasized geometry to the exclusion of everything else. They did not seem interested in perfecting their number notation system. They simply had no use for zero. They were not greatly interested in arithmetic, claiming
The concept of life itself is quite simple. Biologically the purpose of life is far less open to interpretation, remaining in the general area of keep living and reproduce so to keep life going. However, it is when people try to add significance and value to life that things become convoluted. Why is that? Because one may say that the value of life is one thing, then another may say something else. But which one is right? Both and neitherÃ¢â¬âto put it simply. In that there is neither a wrong nor right way to view life; for it is all a matter of perspective. However, it brings up the question: if the value/ significance of life is a matter of perspective that an individual must interpret and give, could it be that there is no true value/ significance to life? To answer the question bluntly-- no, there is no true value of life, but there are different ways to view life, may it be positive or negative. With those views being influenced by the experiences one has gone through. There is nothing that is quite as rare in the universe like life. It is only known to exist on one plant out of about 200 billion. Although life is considerably rare in the vast scale of things, people tend not to place much value on life itself. However, value is placed on the things that come with life, for instance knowledge and what that knowledge can get them. Ã¢â¬Å"An investment in knowledge always pays the best interest.Ã¢â¬ (Franklin The Way to Wealth: Ben Franklin on Money and Success) So life canShow MoreRelatedIs Fetus Life Matter?1115 Words Ã |Ã 5 PagesFetus life matter 1969 was not a normal year for eight month pregnant Teresa Keeler and her unborn baby. Sadly Teresa was beaten very badly by her ex-husband. Before the incident happen her husband told Teresa that he was going stomp out of her .with God mercy, the unborn baby was delivered a live with fractured skull. The persecutor tried to accuse the ex-husband with the beating his wife and attempt of murder of the fetus. Unfortunately, the California supreme court dismiss the murder charge byRead MoreThe Origin Of Life And Matter1702 Words Ã |Ã 7 Pagesorigin of life. As tough as it may be to tell a young child how babies are made, it does not compare to the complexity of explaining how the entire universe began. Every human has a natural desire to discover the truth, but it stands as one of the most controversial subjects. Some philosophical minds, Evolutionists or Darwinists, believe everything started with a Ã¢â¬Å"Big BangÃ¢â¬ and then began to evolve into the world and life forms we kno w today. Others, Creationists, believe life and matter has beenRead MoreEssay on Matters of Life and Death2408 Words Ã |Ã 10 PagesI. Identification Matters of Life and Death: Defunding Organ Transplants for the State of Arizona II. Management Issues This case surrounds the controversy brought about by the Arizona state legislature defunding life-saving organ transplant operations. In 1987, the Arizona state legislature voted to eliminate funding for most organ transplants for the indigent through the Arizona Health Care Cost Containment System (AHCCCS). At the same time of this decision, the legislature voted to extendRead MoreBlack Lives Matter : Black Life Matter Essay2048 Words Ã |Ã 9 PagesBlack Lives Matter Before I even realized what separated me from the average female society hit me with the harsh realities of how hard my life would be based primarily on the color of my skin and not the Ã¢â¬Å"content of my characterÃ¢â¬ . I am an African American female on paper and all of the require documents that my parents signed from birth certificate to my recent driverÃ¢â¬â¢s license. However, because the pigment of my skin didnÃ¢â¬â¢t look as though the average stereotypical black female critics grew skepticalRead MoreEssay on A Matter of Life or Negligence1795 Words Ã |Ã 8 Pagesresources to investigate. According to him, not too long ago, two members of Congress introduced a bill that would complement Obamas executive order by giving more federal funding and access to resources to scientists. This would force any future pro-life President to have to resort to Congress in order to be able to downgrade to Bushs policies once again. Many Congressmen are supportive of stem cell resear ch, but some are not. Some of the reasons why some people do not support stem cell research willRead MoreBlack Life Matter Analysis : Black Lives Matter1886 Words Ã |Ã 8 PagesDOC 100 Ziyun Zou Oct. 24, 2015 Black Lives Matter Analysis Ã¢â¬Å"Black Lives MatterÃ¢â¬ , the movement against judicial injustice and police brutality that particularly against African Americans, has drawn great public attention. As indicated in the recent years, Ã¢â¬Å"over half of the people who being killed by police brutality were African Americans or LatinoÃ¢â¬ (Nazgol Ghandnoosh). Therefore, African Americans launched the movement fighting for their human rights and real legal justice regardless of raceRead MoreWhy Preschool Matters My Life1650 Words Ã |Ã 7 PagesWhy Preschool Matters My older daughter started preschool when she was two years old. It was a memorable day because she had a hard time being separated from me. She was crying when I left her at school. She was a little bit shy and feared playing with other children. I also had a hard time, and I felt very bad too because she had never separated from me since she was born. I started to think about whether it was necessary to put her in the preschool, and was the preschool suitable for her? I thoughtRead MoreMy Life After A Matter Of Days1502 Words Ã |Ã 7 PagesWhen I was four, everything that I had ever known was lost in a matter of days. As a saddened and confused child, I adjusted my life, not knowing what exactly I needed to do, just knowing that was going to get through it. I did not know it at that time, but that event would forever shape my life and belief about changing your own destiny and fate. As my life continued, I got used to living in two houses and this became the new normal for me. I worked hard to make the situation work for me. InsteadRead MoreBlack Life Matter Vs. Black Lives Matter894 Words Ã |Ã 4 PagesOur topic weÃ¢â¬â¢re discussing today is All Lives Matter vs. Black Lives Matter. The slogan Ã¢â¬Å"Black Lives MatterÃ¢â¬ came into use during the Martin vs. Zimmerman case, when Mr. Zimmerman was acquitted for the killing of Trayvon Martin, an African American teenager. After this case,there appeared to be a large amount of police brutality cases against African American, furthermore pushing activists to speak out against the racial profiling and racism. Even more recently, there have been suspected policeRead MoreEssay : This Is A Matter Of Life Or Death?748 Words Ã |Ã 3 PagesFocus Caleb, this is a matter of life or death! My hands slowly move around the heart surveying it just as a tactician would a battlefield, looking for the best approach to solve the chaotic degeneration. I grasp my scalpel and make a quick incision exposing the coronary artery under the glaring lights overhead. My eyes narrow in on the heart blocking out all of my surroundings as I work steadily and diligently, gliding through the steps of a single Coronary Artery Bypass Graft as if I had known
Community Profile Comparison ETH/316 October 10, 2012 Community Profile Comparison ( Demographic Comparison Table (Camden, NJ/Princeton, NJ) Population| | Camden, NJ| Princeton, NJ| Total Population CaucasianAfrican AmericanAsianOther| 78,79017%52%3%28%| 13,38180%6%7%7%| Median Age| 28. 5| 37| Household Demographics| | Camden, NJ| Princeton, NJ| Median Home Price| $81,600| $677,400| Median Household Income| $29,042| $83,509| Percentage of Married Population| 19. 86%| 67%| Families with children under the age of 18| 60%| 46%| Educational Demographics| | Camden, NJ| Princeton, NJ| High School DegreeFour Year DegreeGraduate Degree| 51. We will write a custom essay sample on Eth/316 Community Profile Comparison or any similar topic only for you Order Now 33%3. 70%1. 98%| 94. 67%30. 33%41. 24%| Community Amenities| | Camden, NJ| Princeton, NJ| SchoolsLibrariesParksChurches| 4681613| 211211| Community Affiliations| | Camden, NJ| Princeton, NJ| Religious Majority| Catholic: 32. 74%| Catholic: 28. 60%| Political AffiliationDemocratic PartyRepublican Party| 67. 37%31. 23%| 67. 29%31. 2%| Crimes: Per 100,000 Residents| | Camden, NJ| Princeton, NJ| MurderRapeRobberyVehicle Theft| 46. 892. 3900. 3656. 3| 0. 00. 029. 737. 2| Responsibilities of the Individual to the Community No matter who you are or where you live, we are all part of a bigger community. As an individual, we are still part of a family be it big or small. We all are someoneÃ¢â¬â¢s neighbor in a , tribe, village, city, county, state, region, country and the world which makes us inherently responsible to each other. At the same time, full human potential cannot be reached if individuality is suppressed by society, First and foremost, the duties of each individual within any community are cooperation, respect and participation. An individual must think beyond themselves and always be vigilant that they are just a part of a larger intently even if the individuals in that intently have different believes, religions or interests . In all free societies there is a constant struggle between individual rights and individual responsibilities. According to the U. S. Department of State, every Individual right has a corresponding duty to the community and the bottom line is that all have the responsibility of the individual to watch over others in the a community to make sure that common ste standards are objective are obtained and that they are beneficial to all. According to John B. Cobb, Jr. , Ph. D. who is Professor of Theology Emeritus at the Claremont School of Theology, Ã¢â¬ In a community the idea of the common good takes on a far richer meaning than in a society understood as founded only on a compact and made up of atomic individuals. Because the good of each is bound up with the good of others, we can consider which changes in the society as a whole conduce to the good of those who participate in it. Ã¢â¬ If you choose or not to be a part of a community, we still have the same obligations to the community of which we are a part. Responsibility of the Community to the Individual Defining Social Responsibility within the Community Conclusion References Princeton, NJ Livability Score. (2012). areavibes. Retrieved from http://www. areavibes. com/princeton-nj/livability/ Ã trulia. 2012). Princeton Township Real Estate Overview. Retrieved from http://www. trulia. com/real_estate/Princeton_Township-New_Jersey/ Ã Sperlings. (2010). Best Places to Live in Camden, New Jersey. Retrieved from http://www. bestplaces. net/city/new_jersey/Camden Ã U. S. State Census Bureau. (2010). New Jersey. Retrieved from http://quickfacts. census. gov/qfd/states/34000. html Cobb, J. B Jr. (2011) The Common Good: Individual Rights a nd Community Responsibility Retreived from http://www. religion-online. org/showarticle. asp? title=3351 How to cite Eth/316 Community Profile Comparison, Essay examples
Question: Discuss about the Superannuation of Frank and Heather Barnes. Answer: Develop Appropriate Strategies and Solutions The review of the current structure and the investment strategy of Edithvale Retirement Fundhas been discovered to have a total asset of $625K. In this respect, the member account of Frank is $380,000, for Heather is $220,000 and for ben is $25,000. It is seen that the asset that is available in the Edithvale Retirement Fund has been segmented into $39,000 for Cheque Account, $50,000 for Term Deposit 1, $25,000 for Term Deposit 2, $211,000 for Share Portfolio and $300,000 for managed funds. It is even seen that the investment strategy has to be increased in order to increase the income that would help ben in undertaking a loan for the purchase of the commercial property. The compliance issue that is existent with the fund is that it has to maintain a minimum amount of fund so that it can be helpful in purchasing the commercial property where Frank operates his business. Frank pays a rent of $75k for the commercial property and in order to purchase the property the fund needs to incre ase their level of return by undertaking new investments and by increasing the fund value of the share portfolio and the managed funds. When an individual looks to transfer the their business property into their retirement fund, it is essential to consider a number of issues like the allowable assets, stamp duty, tax consequences and the GST issues. The transfer of the business property to the retirement fund will be possible with the help paying the capital gains and considering the tax and VAT issues. It is even essential to understand the contribution rules and the risks associated with it. The transformation can be completed by paying the administrative charges as well as the taxes that are applicable to be paid. The transfer of the business property to the retirement fund would help maintain the income level of Frank even after retirement. Ben does not have the capability to pay $ 1 million for the mortgage and therefore transferring the business property to the retirement fund and not seeling the business would mean that the fund would have a higher value leading to the banks granting loan for the purchase of t he property. The recommendation that can be given is paying off the capital gains and the other existing taxes so that there are no obligations from the government thereby increasing the fund balance of Edithvale. A strategic planning needs to be undertaken for the clients and it is seen that the fund will be created in such a way so that the expectations of Frank, Heather and Ben can be met. The tax planning and structuring that requires to be paid by the client includes the capital gains tax and GST. Ben does not need to the taxes as his fund amount is $25,000. The couple are in the planning of retiring and therefore it is recommended that the business property is transferred to the Edithvale Retirement Fund thereby improving their income. Ben requires to invest in a superannuation fund in order to increase his income and create a fund for future retirement. The management of the risk should be done by taking advice from the solicitor and accountants so that they can provide recommendations and advise that would reduce the level of risk. The protection of the asset is possible by taking help of the accountant and analysing the market from time to time and investing in the appropriate fund th ereby improving the rate of return. The investment advice should be taken from a proper consultant while the management cash flow should be done by the accountant. The level of income and expenses should be maintained in an appropriate manner thereby maintaining profit for the client that can be used for investment purpose. Personal budgeting should be done by allocating the amount that would be spent on various areas and thereby improving the return for the client. Strategies and Negotiate Solutions The strategies that would be given to the client would be presented in the form of a formal document where all the recommendations would be written down in an effective manner and this would provide a proper idea to the clients. A meeting will be fixed with the client where all the requirements and the strategies would be addressed in an effective manner so that the clients can gain knowledge and in case of any queries can address them to the consultants. The steps of explaining the existing assets into superannuation would be done with the help of proper presentation and explaining each and every step and the concessions the clients are supposed to receive. With respect to the special contributions the Frank and Heather are liable for such contributions as they have crossed the age of 60 years. Real estate transfer is possible to the retirement fund as the client have their own house. Concession on capital tax implication is available for Frank and Heather but not for Ben. The two concerns that the clients may raise would be the level of risk associated and what can happen in case of changes in the market and valuation of stock. It is observed that such issues can be resolved by answering that the level of risk is low with the help of suitable evidence and with respect to changes in the market; the client can at any time withdraw the money and can invest in any other kind of portfolio. The clients are proposed a portfolio review and financial plan review so that the investment fund can be managed appropriately. The client would be provided financial review plan and portfolio review so that proper assessment of the managed fund can be undertaken. The associated fee includes the consultation fee and the management fee of the portfolio. Bibliography Arnold, Bruce, et al. "Partner-Scale Economies, Service Bundling, and Auditor Independence in the Australian Self-Managed Superannuation (Pension) Fund Industry." Auditing: A Journal of Practice Theory 36.2 (2016): 161-180. Bird, Ron, et al. "Experiences of Current and Former Members of Self-Managed Superannuation Funds." (2016). Cummings, James R. "Effect of fund size on the performance of Australian superannuation funds." Accounting Finance 56.3 (2016): 695-725. Earl, Joanne K., et al. "Financial literacy, financial judgement, and retirement self-efficacy of older trustees of self-managed superannuation funds." Australian Journal of Management 40.3 (2015): 435-458.
Sunday, April 26, 2020
Salinity Lab Report Paper If you put these organisms in a bottle and turn on the lights, you get photosynthesis. If you turn off the lights, you turn off the primary production. Darkness has no effect on respiration. This is because cellular respiration is actually the reverse process of photosynthesis. Oxygen is a necessity of life requirements for basically all living organisms. * In this lab we are testing how different levels of salinity in the water indirectly affects the gross primary productivity in aquatic plants. To measure this you would use the light ND dark bottle method. Only respiration (R) can occur in the bottle stored in the dark. The decrease in dissolved oxygen in the dark bottle over time is a measure of the rate of respiration. Both photosynthesis and respiration can occur in the bottle exposed to light, however the difference between the amount of oxygen produced through photosynthesis and that consumed through respiration is the net primary productivity (NAP). The difference in dissolved oxygen over time between the bottles stored in the light and in the dark is a measure of the total amount of oxygen produced by photosynthesis. The total amount of oxygen produced is called the gross primary productivity (GAP). The equation for this method is as followed: GAP= NAP + R NAP= light bottle initial DO R= initial DO- dark bottle Materials: 18 moll flasks 2- 1000 ml beakers Stirrers salt Weigh boat Scale Distilled water Tap water Tape Sharpie Tin foil Dissolved oxygen probe Compact plant leaves Dissolve oxygen probe Plastic film Procedure: 1. Plug in and set up dissolved oxygen probe 2. Gather 18 flasks 3. Separate the flasks into 3 groups (0. 25 g/ml, 0. 02 g/ml, and zero MGM/l) 4. We will write a custom essay sample on Salinity Lab Report specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Salinity Lab Report specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Salinity Lab Report specifically for you FOR ONLY $16.38 $13.9/page Hire Writer Label he first 6 flasks zero for zero salt. 5. Label the next 6 flasks 0. 25 g/ml because those flasks will have salinity content of 0. 25 g/ml. 6. Label the last 6 flasks 0. Egg/ml which will have salinity content of 0. 02 g/ml 7. Using the scale and a weigh boat, weigh out 0. 25 grams of salt. 8. Fill the 1 liter beaker with tap water and pour the 0. 25 grams of salt. 9. Mix and distribute the water to the 60. 25 g/ml flasks. 10. Repeat steps 6 through 9 using the required measurements. 11. Using the dissolved oxygen probe measure and record the data for all 18 flasks. This quantitative data will be your initial dissolved oxygen. 12. Place one compact plant leaf into every flask and airtight seal each flask using the plastic film. 13. Within the 3 separate groups, split the flasks into two groups. Wrap half of the group flasks in tin foil and the other half place under lights. (i. E. : The 6 zero salinity flasks will turn into two groups of 3. ) 14. Wait 3 days and then record findings. Use this data to calculate NAP, R, and GAP. Discussion: From the data collected, I got negative GAP and R values which shows an error in the lab/data collection. The group that ended up with a positive gross primary productivity was the 0. 02 MGM/l group. All 3 salinity variations had relatively the same net primary productivity, with 4 MGM/l being the lowest and 4. 8 MGM/l being the highest. The amount of salinity in the water also showed no difference in the plants respiration. The lowest was -4. 7 MGM/l in both 0. MGM/l and the zero salinity groups. The group with the highest amount of salt in the water had the highest respiration, which isnt something that would happen in real life. Evaluation: A main source of error in this lab was the type of Lana we used. Either the salt didnt affect it much or it didnt photosynthesis as well as we planned. There was an error in the data collection because the respiration values and gross productivity values were negative which would not happen in real life. Another problem with this lab is that it takes a while to get everything set up on the first day and can almost take two days which would not work because you need to collect the initial DO and taking more than one day would not make the DO reading initial. Conclusion: My hypothesis was not supported.