Analyzing Pro Forma Statements Essay Example for Free

Analyzing Pro Forma Statements Essay Upper management has propositioned the financial analysis team to develop Pro Forma financial statements covering the next five years for the new product line that increases revenue in a similar but slightly different market. (The make-believe company is a restaurant group, the make-believe new product is pizza). The financial statement helps assess the possible financial impacts of pizza. The Pro Forma statements are based on the current year’s (2014) Balance Sheet and Profit/Loss Statement and are projected for an 18% increase in sales each year for the next five years. Analysis for the Pro Forma statement indicates that sales increases from the 2014 mark of $571,379 to $1,307,177 by the end of 2019. Consequently, the projected additional revenue will have the following financial, reflected on the Profit/Loss Statement: Cost of Goods Sold increases by $25,000 per year (pizza is a low cost product after the equipment and license overhead is paid for). Currently COGS is $182,129, after year five the COGS will be $282,129. Therefore projected gross profit will grow to $1,025,048 from $414,250 Wages increase by 12.5% in the first year because of the new hires. Every year after the wage expense increases 2.5% because of merit based raises and bonuses. In 2014 our wage expense is $172,704, by 2019 it will grow to $214,462. Credit Card Fees and Taxes are expected to grow 20% each year because of the additional sales from $14,852 and $17,800 to $37,325 and $44,292 respectively The budget for Supplies, Water/Sewage, Utilities, Repairs and Maintenance will also increase every year by 20% given the additional sales. The following table organizes this data: Net profit is projected to grow from $109,531 to $332,283 by 2019 The Current Assets accounts of Cash, Accounts Receivables, Inventories, Pre-paid Assets, and Other are also projected to increase. Cash is projected to increase from the current amount of $200,000 to $457,552 by the end of 2019. Accounts Receivables will increase from the current amount of $371,379 to $$849,625. Inventory will increase from the current amount of $9,100 to $20,819 by the end of projected period, and Prepaid Assets will climb from $2,500 to $5,816. Total Fixed Assets are not projected to increase, the property and equipment assets associated with Total Fixed assets will depreciate stagnantly by $15,000 over the 5 year projected period. The Asset category, â€Å"Other† will increase from $988 to $2,107. Along with the increase of these asset accounts, the Liabilities Account of Account Payable will increase from $147,179 to $365,682 by the end of 2019. From the prepared Pro Forma projections, expanding the product line to pizza is good for the bottom line. Net Profit will increase by approximately 322%  and Cash is projected to increase by 228%. The additional retained earnings over the five year period from the pizza line can be used to finance the project. In other words, by applying the retained earnings from the pizza line project back into the company we can finance the project in-house. References: Parrino, R., Kidwell, D. S, Bates, T.W. (2012). Fundamentals of corporate finance (2nd ed). Hoboken NJ: Wiley.

Writing Style of Notes to a Native Son Essay -- James Baldwin

Thoughts of a Man Life is a great tapestry of events and emotions that one feels and/or experiences on a daily basis. No day plays out the same way and no two people experience the same things. Certainly one can say that life is jumpy, if not completely unpredictable. In order to explain life or the things that go on in life, one must be able to communicate on not only a narrative level, but also an analytical level. Any great writer must possess the skill to fully and completely portray a feeling or idea. James Baldwin, an African-American writer born in Harlem in 1924, fully possessed this special ability. Baldwin is considered to be one of the best essayists of the twentieth century and wrote during a time of great racial injustice. One of his greatest assets was his uncanny ability to intertwine narrative and analysis throughout the course of his essays. In his famous essay, â€Å"Notes of a Native Son†, or â€Å"Notes† for short, Baldwin shows some of his best w ork in this style of writing. In â€Å"Notes,† Baldwin performs a masterful job of weaving analytical thought into specific events from his life or the public life around him. This style allows the reader to better understand the thoughts of a very intelligent, educated, and opinionated man who lived during a very difficult time in American history. At first glance, â€Å"Notes† may seem to be a simple story about Baldwin’s father and the strained relationships that Baldwin and his siblings had with their father. But at a closer look, the essay serves a deeper purpose than initially expected, which can be seen in an analysis of Baldwin’s writing style. Baldwin uses a writing style that moves from story to analysis in order to paint a very specif... ...eeded the guidance that sometimes only a father can give. This is an interesting idea and this tying up of loose ends is a powerful example of how Baldwin constructed and framed his essays. His style went from a specific example to a general feeling of some deeper meaning than the story or example alone could portray. The transitions from narrative to analysis that he used were logical and flowed well. As a reader, it was difficult to actually pick out the change without carefully reading and analyzing the essay as one reads it. This style, which really is more like a gift, paints a very vivid picture for the reader and places Baldwin among the best essayists of the twentieth century. Works Cited Baldwin, James. â€Å"Notes of a Native Son.† 1955. James Baldwin: Collected Essays. Ed. Toni Morrison. New York, New York, Library of America, 1998. 63-84.

Conflict Resolution Essay

A new director decides to reorganize the department you work in. This reorganization comes about without input from the employees and many of the nurses that you oversee are feeling resentful of the change. As a nurse leader, identify factors that may lead to conflict and ways you can manage them. Wherever there are people the ability for conflict exits. Conflict is a disagreement, opposition or clash. It can affect the person emotionally, physically and specially. It can result in a fight, discord and division. Conflict can be used to motivate; however it can be destructive and should be dealt with. According to McElhaney (n.d) nurses experience six major areas of conflict. This scenario depicts one of those areas. 1. People who have experience in an area, want to feel that their opinion is considered and valued. So, when changes are made to an area or department, in which they work, have experience and are the expert; employees want to have input. In the absence of employee participation there may be apathy, anarchy and malicious compliance. Oftentimes it leads to lack of respect within the profession and feelings of anger, diminished self-worth, and conflict. However; as a nurse manager oftentimes, changes are made without any input from the employee and I have to manage this situation. In this case, during a staff meeting, I would discuss the changes, reasons they were made, and ask for input as to how we can implement these changes such that they work more effectively in our department. By using collaboration, my goal would be to incorporate employee feedback in areas/processes under my control. This would allow the employees to feel that they have some control over their work area, their input is valued and contribute to problem solving (Cardillo, 2011). Other areas are: 2. People have varying opinions, come from different backgrounds and culture and have different values. When conflict arises over differing in values and cultures, then these conflicts must be dealt with. They must be  discussed and a compromise reached that works for each party as well as the department (McElhaney,n.d). 3. Communication may be misunderstood and body language misconstrued (Cardillo, 2011). To confront this type of conflict, someone must be willing to speak out. Once during my 360 degree review, I received feedback that my team members felt devalued and that they were not being listened to because often times I continued typing when they came into the office; even though I coherently responded to the questions. After receiving this feedback, anytime someone comes into my office, I would sit on my hands to ensure that I pay attention and not type. When verbal communication and body language is misunderstood, the conflict must be confronted, discussed and a change must be made or an explanation given. Accommodating to meet the needs of promotes harmony and gains credits that can be used at a later date. 4. A nurse’s personal space is often invaded by other staff members, physicians, and patients. Crowded conditions and constant interruption can lead to conflict. In this situation, I would use a combination strategy of face-to-face meeting, collaboration and benchmarking. I would start with a face to face meeting with the individual to get his/her input as to how to better design/arrange the work area to reduce stress and interruptions. I would also research what other hospitals have done in this situation and implement best practice. Then I would follow-up with the employee to ensure the implemented changes solved the problem. 5. Other causes of conflict involve organizational climate, leadership style, off-the-job problems, age pressures, job standards, and personal prejudice. These conflicts affect each individual differently. Therefore, I would recommend the employee experiencing these conflicts or exhibiting behavior that is indicative of these stressors to the Employee Assistance Program; which consists of professionals especially skilled to assist the employee in dealing with these stresses. 6. Coping with technology changes and procedures. To provide our patients with the best care, we have to continuously improve this mean that change is inevitable. So, during staff meetings, I cover latest techniques, updated procedures and discuss how these add value to patient care and make our job easier. Once a month a different member of the staff discusses medical article or book they have read concerning a procedure or technique that can improve our process. After their presentation, we discuss if this is something we can implement easier or should put on our wish list. Lastly, each nurse is required to obtain six hours of training a year in which the hospital pays for. Training in new technology and procedures that are introduced is required and may be used for this purpose. There are many strategies to deal with conflict; avoidance is one. Some types of conflict if left alone, will work themselves out. However; because of the potential devastating nature of conflict; it should confronted; confront the situation and not the person. One should listen with empathy and the goal to understand the other person’s point of view and negotiate to a win-win or at the very least a win-lose solution. Even if one side has to lose, position the lost as something positive that can be built upon or negotiated later (Nursing Strategies: Countering Workplace Conflict with Positive Communication Strategies, 2011). References Cardillo, D. (November 28, 2011). Seven strategies for managing conflict Retrieved from http://news.nurse.com/article/20111128/DD01/311290003#.VJom714AKA McElhaney R. (n.d). Conflict Management. Retrieved from http://www.nursingcenter.com/CareerCenter/articles_preview.asp?page=confman.htm Nursing Strategies: Countering Workplace Conflict with Positive Communication

International Federation Of State High School Athletes

Literature Review Relevance Participation in sports has steadily increased throughout the decades. As more and more major professional sports franchises continue to eclipse the one billion mark in value, the fame and wealth that can be obtained by reaching the profession ranks becomes irresistible to many students who have a passion for athletics. For some of these students, reaching the professional ranks is way to pull their family out of the lower class, and into the higher echelon of the upper class. For others, simply competing against the best in the world is a dream come true. The National Federation of State High School Association (NFHS), as reported a twenty-six year increase in the participation of high school athletics (NFHA, 2015). As the general popularity of athletics increases, so does the level of participation in high school athletics. The odds of making the professional ranks, however, are slim to none, as only 6% of high school student-athletes go on to play at the collegiate level (NC AA, 2015). Therefore, states, communities, educators, and parents continue to stress academics before athletics. In fact, when we address athletes in school, we address them as student-athletes. Numerous studies have been conducted throughout the years that highlight the benefits of participating in school-sponsored athletics. The benefits encompass a broad range of outcomes, from improvements in personal characteristics, to academic performance. AcademicShow MoreRelatedSports And Physical Activity Play1699 Words   |  7 Pageswork ethic which can be reflected in school work or grades. However, according to the National Federation of State High School Associations, there is still lack of support from the public when it comes to supporting high school sports and activities programs. 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When does the safety for others violate the rights of drug users? Drug testing, whether in the workplace or on the athletic field, is not a violation of civil rights. In 1988, the National Institute onRead MoreSteroid Hormones And Its Effects On The Body2137 Words   |  9 Pagesoccurred since the time of the original Olympic Games (from 776 to 393 BC). The origin of the word doping is attributed to the Dutch word dope, which is a viscous opium juice, the drug of choice of the ancient Greeks. The ancient Greek Olympic athletes also experimented with herbal medications, drank wine potions, used hallucinogens and ate animal hearts or testicles to enhance their performances. Gladiator competitions and chariot racer s in 100 AD feed their horses substances such as hydromelRead MoreThe Sport of Cheerleading847 Words   |  3 Pagescheerleading started as an all-male sport. Whereas now, most males think that it is a girls sport. In 1877, Princeton University had a â€Å"Princeton Cheer†. It was yelled by the students from the stands. It was also yelled by the baseball and football athletes themselves. Thomas Peebles, Princeton graduate, move d to Minnesota with the idea of organized crowds cheering at football games to the University of Minnesota. In 1898, Johnny Campbell directed a crowd cheering, making him the very first cheerleaderRead MoreThe Advancement Of Women s Sports964 Words   |  4 Pagesof 125 members of the International Olympic Committee are women (Parliamentary Assembly, 2005). This is barely 9.6%--not even one in ten. More importantly, though, Discrimination against women is particularly perceptible in the realm of pay. Fourteen of the delegations which replied to the questionnaire said that pay, prize-money and bonuses were awarded by national authorities on the basis of athletes merits and performances. Yet the rewards granted by the federations themselves, and more particularlyRead MoreSecretary Of Defense Ashton Carter1742 Words   |  7 Pagesamount of grey area for transgender individuals serving. (United States Department of Defense). Recently, Carter attempted to eliminate the grey area by changing the Pentagon policy to allow transgender Americans to serve openly in the military, with all reassignment costs paid for by the government. The Defense Department policy states if service members’ abilities to serve are hindered by a â€Å"medical condition or treatment related to their gender