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Asset Management Services Knowledge Base
what are the services that asset management company provides? mutual funds is one of service of asset management company what are other services?
Is there any asset management service similar to aeroscout? http://www.aeroscout.com
asset management, under 75K? Hi. What happening is that I openned an account with North Fork Bank asset management a few years ago. They manage your portfolio for you (buying and selling mutual funds as they go up and down) and collect a commision every quarter. Unfortunately Captial one took over them and is closing this service :-( What was great about them was the fact that you needed only 50K at the time to open such account which is simply super. Does anybody know of any asset management service that does help peeps like me (50K-75K) ? Most of them won't even talk to you unless you bring 500,000 or more to the table. I appreciate it guys. Thanks
How would you start a small asset management company? I would like to offer my services to buy and sell stocks for others.. how should i do this?
As a financial planner, should I feel guilty for charging a straight 2% asset management fee on my clients? What tends to be the industry standard asset-management fee? Also, I'm struggling with the ethics of the services I'm offering. It seems that a person could walk into any old Edward Jones branch office to get the same advice for substantially smaller fees. Am I correct? Thank you in advance. Your answers have been a great help to me!
I would like to complaint to ICICI Prudential Mutual Fund Asset Management, need contact number n email id ? I am not happy with customer service of ICICI Mutual Fund. The Help Desk Number (1800 222 999 & 1800 200 6666) is of no good. I also tried contacting enquiry@icicipruamc.com but no proper response. Pl. let me know any contact number of any efficient person in investor services?
Investment banking services? The Motley Fool has recently released a report on the income and revenues of the investment bank JP Morgan. They break the earnings down into separate categories within the company, which I am trying to understand if someone can please help. Here are the categories I am trying to understand the subtle differences between: Retail Financial Services Commercial Banking Treasury and Securities Services Asset Management Corporate/Private Equity Some of these categories look very similar to me. Thanks very much for any help. http://www.fool.com/investing/general/2009/10/14/inside-jpmorgan-chases-earnings.aspx?source=ihpsitota0000001
Inexpensive new business advertising in Charleston, SC? We just opened the Charleston, SC location The Mutual Fund Store®, an independent investment advisory and asset management services firm. We have a nationally syndicated radio program on every Saturday at 10:00 AM on 94.3 and are looking for low cost ways to effectively get the word out. Any great ideas out there to drive listeners to the program and traffic to the store?
Did I screw my career up by doing several different things as opposed to sticking with one thing? I chose to do several things with my career. I did commercial work for about 3 years, asset management/facility services management for 2 years and residential home building for 1.5 years. If I were to go try to get a job now, they all want X amount of years in a specific field. I feel that the career diversity would be beneficial though. I like to keep things fresh and like to do different things, but if I wanted to get back into commercial, they want 5 or 8 years in commercial or project management. Did I do the right or wrong thing?
what is the best way to plan, manage & execute a taxonomy project in a financial services company? We need to run a taxonomy project to improve the quality of search results on both internal and external systems for a bank that offers everything from accounts to credit cards to insurance to corporate & asset management. We want to discuss the merits of different approaches to this complex problem, and our open to help from external consultants.
How does a person get a job in Finance? What is ones typical major in school? What are strong subject areas that the student must have? Also, what kind of personality is ideal for the banking industry? Is the asset management, banking, and financial services a career in which advancement is mostly based on merit or on luck and connections?
How do you feel knowing that staff members of the Minerals Management Service are porn addicted meth-heads? These are the people responsible for overseeing offshore oil drilling. . http://finance.yahoo.com/news/IG-report-Meth-porn-use-by-apf-1352909163.html?x=0&sec=topStories&pos=4&asset=&ccode= . Why do we keep taking it up the butt from the jack@sses in Washington?
how much can someone make working in the investment banking industry? I have a friend who is 32. He has his masters and works for investment banking, institutional brokerage, asset management, and private wealth services company in NYC. Whenever he tells me how much he makes, I am amazed. I am hearing #s like in the upper 100Ks to mid 200s. Is this possible?!
please provide me the list of biggest Investment banks in singapore.? asset management and asset servicing. with weblink if possible. Thank You !
Bank Management & Financial Services? An analysis of the UBPR reports on NCB was presented in this chapter. We examined a wide variety of profitability measures for the bank, including ROA, ROE, net profit margin, net interest and operating margins, and asset utilization. However, the various measures of earnings risk, credit risk, solvency risk, liquidity risk, market risk, and interest rate risk were not discussed in detail. Using the data in tables 5-5 through 5-9, calculate each of the dimensions of risk for NCB for the most recent 2 years and discuss how the bank’s risk exposure appears to be changing over time. What steps would you recommend to management to deal with any risk exposure problems you observe? send me your email add then i can send the tables.
Pimco to manage bailout? Huh? ? Pimco is separately in talks with the New York Fed regarding asset-management services for a new program the U.S. central bank is setting up to purchase commercial paper. Isn't this double dipping? Looks like the Government still can't get it right. PIMCO assumes debt, PIMCO paid by the Government to assume the debt, then sells paper for profit. Again, this sounds like a double dipping regardless of PIMCOs reputation.
Can someone help me figure out who this company is before I submit a resume? I'm interested in changing jobs and have been researching openings. I've come across this one which looks very interesting to me, but I want to craft the resume & cover letter specific for this company [and also do some research on them]. Can someone help me figure out who this company might be? Guessing allowed but please provide your reasons for the guess, and also any links that support your guess. Here's the specifics on this job: Company Information Our client company is one of the largest publicly traded global asset management firms in the world with approximately $618 billion in assets under management. They provide diversified, global investment management services that include growth and value equities, style blend and fixed income services to institutional, high net worth and retail clients worldwide. Additionally, they provide in-depth research, portfolio strategy, trading, and brokerage-related services. Job Description: Global Wealth/Client Advisor for a prominent Money Management firm. The positions are in Los Angeles, San Diego, San Francisco and Seattle, Washington. Strong sales background with proven sales record required. Responsibility is to create a network with attorneys, CPAs, etc., people who know wealthy individuals and sell to the wealthy individuals the asset management services of the firm. Background can be from any industry such as medical device sales, real estate sales, mortgage, law, etc. Most importantly individuals should possess a strong desire to work in the global wealth/private banking arena...have successful sales experience...without a lot of job changes. Training will be provided.
What are the benefits of ASP.NET? I have been asked to help redesign a website that was made with ASP, and specifically to use ASP.NET for the new website. The website is for a small company that provides asset management services (does finance, accounting, and investing, basically). Because of security concerns, there is only so much that we want the website to do. We prefer that it only advertise the company and get potential customers to call. How can the new features of an ASP.NET website be better for the company than the current ASP website is?
Is it worth having a guided portfolio services w my 401k?? Hi, I just signed up for my company's 401k program and the agent adviced me to go ahead and set-up a guided portfolio service that would be done by morningstar. The fee is .60%, is this worth it? I get a 10 day trial and after which I could cancel it and do it on my own. The services state it will do the following: Wealth forecasting, asset allocation, investment selection and asset management. Thanks! okay, I'm 33 years old and here is the list of fund: AIM small cap growth fund AllianceBernstein International Value fund American Century Gov. Money Market fund American Century Inflation Adj. Bond American century ultra American Beacon small cap Calvert Social investment equity DWS Health care Dreyfus midcap index dreyfus small cap stock index JP morgan capital growth janus adviser forty Janus growth and income Munder balanced Mutual shares Oppenheimer capital appreciation pioneer equity income putnam global equity putnam international sunamerica focused balanced strategy portfolio sunamerica focused equity strategy portfolio TRowe price science and tech vanguard 500 index vanguard total bond market index wells fargo advantage govt. securities There you go. Should I go for aggressive or moderate? thanks!
The following is a excerpt from Lucent Technologies Management? The following is a excerpt from Lucent Technologies Management? Executive Summary We design and deliver the systems, software and services that drive next-generation communications networks. Backed by Bell Labs research and development, we use our strengths in mobility, optical, access, data and voice networking technologies, as well as services, to create new revenue-generating opportunities for our customers, while enabling them to quickly deploy and better manage their networks. Our customer base includes communications service providers, governments and enterprises worldwide. We have three segments organized around the products and services we sell. The reportable segments are Integrated Network Solutions (“INS”), Mobility Solutions (“Mobility”) and Lucent Worldwide Services (“Services”). INS provides a broad range of software and wireline equipment related to voice networking (primarily consisting of switching products, which we sometimes refer to as convergence solutions, and voice messaging products), data and network management (primarily consisting of access and related data networking equipment and operating support software) and optical networking. Mobility provides software and wireless equipment to support radio access and core networks. Services provides deployment, maintenance, professional and managed services in support of both our product offerings as well as multi-vendor networks. Beginning in fiscal 2001, the global telecommunications market deteriorated, resulting from a decrease in the competitive local exchange carrier market and a significant reduction in capital spending by established service providers.This trend intensified during fiscal 2002 and continued into fiscal 2003. Reasons for the market deterioration included general economic slowdown, network overcapacity, customer bankruptcies, network build-out delays and limited availability of capital. We believe that the market for telecommunications equipment has stabilized and is starting to grow in certain areas. The growing demands of enterprises and consumers for additional services tailored to their needs is creating the need for a new convergence of networks, technologies and applications. Required 1. Using the Consolidated Balance Sheets for Lucent Technologies for September 30, 2004 and 2003, prepare a common-size balance sheet. 2. Evaluate the asset, debt, and equity structure of Lucent Technologies, as well as trends and changes found on the common-size balance sheet. 3. What concerns would investors and creditors have based on only this information? 4. What additional financial and nonfinancial information would investors and creditors need to make investing and lending decisions for Lucent Technologies?
The following is an excerpt from Lucent Technologies’ Management? The following is an excerpt from Lucent Technologies’ Management? Executive Summary We design and deliver the systems, software and services that drive next-generation communications networks. Backed by Bell Labs research and development, we use our strengths in mobility, optical, access, data and voice networking technologies, as well as services, to create new revenue-generating opportunities for our customers, while enabling them to quickly deploy and better manage their networks. Our customer base includes communications service providers, governments and enterprises worldwide. We have three segments organized around the products and services we sell. The reportable segments are Integrated Network Solutions (“INS”), Mobility Solutions (“Mobility”) and Lucent Worldwide Services (“Services”). INS provides a broad range of software and wireline equipment related to voice networking (primarily consisting of switching products, which we sometimes refer to as convergence solutions, and voice messaging products), data and network management (primarily consisting of access and related data networking equipment and operating support software) and optical networking. Mobility provides software and wireless equipment to support radio access and core networks. Services provides deployment, maintenance, professional and managed services in support of both our product offerings as well as multi-vendor networks. Beginning in fiscal 2001, the global telecommunications market deteriorated, resulting from a decrease in the competitive local exchange carrier market and a significant reduction in capital spending by established service providers.This trend intensified during fiscal 2002 and continued into fiscal 2003. Reasons for the market deterioration included general economic slowdown, network overcapacity, customer bankruptcies, network build-out delays and limited availability of capital. We believe that the market for telecommunications equipment has stabilized and is starting to grow in certain areas. The growing demands of enterprises and consumers for additional services tailored to their needs is creating the need for a new convergence of networks, technologies and applications. Required 1. Using the Consolidated Balance Sheets for Lucent Technologies for September 30, 2004 and 2003, prepare a common-size balance sheet. 2. Evaluate the asset, debt, and equity structure of Lucent Technologies, as well as trends and changes found on the common-size balance sheet. 3. What concerns would investors and creditors have based on only this information? 4. What additional financial and nonfinancial information would investors and creditors need to make investing and lending decisions for Lucent Technologies? LUCENT TECHNOLOGIES INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (in Millions, Except per Share Amounts) September 30, September 30, 2004 2003 Assets Cash and cash equivalents $ 3,379 $ 3,821 Marketable securities 858 686 Receivables 1,359 1,511 Inventories 822 632 Other current assets 1,813 1,213 Total current assets 8,231 7,863 Marketable securities 636 — Property, plant, and equipment, net 1,376 1,593 Prepaid pension costs 5,358 4,659 Goodwill and other acquired intangibles, net 434 188 Other assets 928 1,608 Total assets $ 16,963 $ 15,911 Liabilities Accounts payable $ 872 $ 1,072 Payroll and benefit-related liabilities 1,232 1,080 Debt maturing within one year 1 389 Other current liabilities 2,361 2,393 Total current liabilities 4,466 4,934 Postretirement and postemployment benefit liabilities 4,881 4,669 Pension liabilities 1,874 2,494 Long-term debt 4,837 4,439 Liability to subsidiary trust issuing preferred securities 1,152 1,152 Other liabilities 1,132 1,594 Total liabilities 18,342 19,282 Commitments and contingencies 8.00% redeemable convertible preferred stock — 868 Shareowners’ Deficit Preferred stock—par value $1.00 per share; authorized shares: 250; issued and outstanding: none — — Common stock—par value $.01 per share;Authorized shares: 10,000; 4,396 issued and 4,395 outstanding shares as of September 30, 2004,and 4,170 issued and 4,169 outstanding shares as of September 30, 2003 44 42 Additional paid-in capital 23,005 22,252 Accumulated deficit (20,793) (22,795) Accumulated other comprehensive loss (3,635) (3,738) Total shareowners’ deficit (1,379) (4,239) Total liabilities, redeemable convertible preferred stock and shareowners’ deficit $ 16,963 $ 15911 * 1 month ago
Which of these MBA degrees brings in the highest starting salary? Asset Management Leadership and Management Competitive Service Delivery Corporate Finance Entrepreneurial Management Financial Reporting and Controls Global Management Marketing Informatics Product and Brand Management OR any other specialization that has higher salary then the listed above. THANKS!!
Any agency that can help get UK work visa & sponsorship for Indian passport? I work for an Industrial Asset management Consultancy firm as Marketing Manager - I.T. Services. We are into I.T Embedded Services for all kinds of process industries including Oil & Gas. I also have hands on experience with SAP PM data preparation for shell EP company as SAP Data support. I would like to live & work in the UK. Is there any agency providing work visa along with sponsorship to work in the U.K?
The Following is an excerpt Lucent Technologies Management? The following is a excerpt from Lucent Technologies Management? Executive Summary We design and deliver the systems, software and services that drive next-generation communications networks. Backed by Bell Labs research and development, we use our strengths in mobility, optical, access, data and voice networking technologies, as well as services, to create new revenue-generating opportunities for our customers, while enabling them to quickly deploy and better manage their networks. Our customer base includes communications service providers, governments and enterprises worldwide. We have three segments organized around the products and services we sell. The reportable segments are Integrated Network Solutions (“INS”), Mobility Solutions (“Mobility”) and Lucent Worldwide Services (“Services”). INS provides a broad range of software and wireline equipment related to voice networking (primarily consisting of switching products, which we sometimes refer to as convergence solutions, and voice messaging products), data and network management (primarily consisting of access and related data networking equipment and operating support software) and optical networking. Mobility provides software and wireless equipment to support radio access and core networks. Services provides deployment, maintenance, professional and managed services in support of both our product offerings as well as multi-vendor networks. Beginning in fiscal 2001, the global telecommunications market deteriorated, resulting from a decrease in the competitive local exchange carrier market and a significant reduction in capital spending by established service providers.This trend intensified during fiscal 2002 and continued into fiscal 2003. Reasons for the market deterioration included general economic slowdown, network overcapacity, customer bankruptcies, network build-out delays and limited availability of capital. We believe that the market for telecommunications equipment has stabilized and is starting to grow in certain areas. The growing demands of enterprises and consumers for additional services tailored to their needs is creating the need for a new convergence of networks, technologies and applications. Required 1. Using the Consolidated Balance Sheets for Lucent Technologies for September 30, 2004 and 2003, prepare a common-size balance sheet. 2. Evaluate the asset, debt, and equity structure of Lucent Technologies, as well as trends and changes found on the common-size balance sheet. 3. What concerns would investors and creditors have based on only this information? 4. What additional financial and nonfinancial information would investors and creditors need to make investing and lending decisions for Lucent Technologies?
The following is an excert from Lucent Technologies Management? The following is an excerpt from Lucent Technologies’ Management? Executive Summary We design and deliver the systems, software and services that drive next-generation communications networks. Backed by Bell Labs research and development, we use our strengths in mobility, optical, access, data and voice networking technologies, as well as services, to create new revenue-generating opportunities for our customers, while enabling them to quickly deploy and better manage their networks. Our customer base includes communications service providers, governments and enterprises worldwide. We have three segments organized around the products and services we sell. The reportable segments are Integrated Network Solutions (“INS”), Mobility Solutions (“Mobility”) and Lucent Worldwide Services (“Services”). INS provides a broad range of software and wireline equipment related to voice networking (primarily consisting of switching products, which we sometimes refer to as convergence solutions, and voice messaging products), data and network management (primarily consisting of access and related data networking equipment and operating support software) and optical networking. Mobility provides software and wireless equipment to support radio access and core networks. Services provides deployment, maintenance, professional and managed services in support of both our product offerings as well as multi-vendor networks. Beginning in fiscal 2001, the global telecommunications market deteriorated, resulting from a decrease in the competitive local exchange carrier market and a significant reduction in capital spending by established service providers.This trend intensified during fiscal 2002 and continued into fiscal 2003. Reasons for the market deterioration included general economic slowdown, network overcapacity, customer bankruptcies, network build-out delays and limited availability of capital. We believe that the market for telecommunications equipment has stabilized and is starting to grow in certain areas. The growing demands of enterprises and consumers for additional services tailored to their needs is creating the need for a new convergence of networks, technologies and applications. Required 1. Using the Consolidated Balance Sheets for Lucent Technologies for September 30, 2004 and 2003, prepare a common-size balance sheet. 2. Evaluate the asset, debt, and equity structure of Lucent Technologies, as well as trends and changes found on the common-size balance sheet. 3. What concerns would investors and creditors have based on only this information? 4. What additional financial and nonfinancial information would investors and creditors need to make investing and lending decisions for Lucent Technologies?
looking for a job in North Vancouver? Accomplished and integrity driven professional offering over 18 years of business success with strong concentration and enormous success in project management and customer service management. Recognised as a savvy leader with strengths in reengineering business processes, defining contuse improvement processes, building on consensus, reorganising and accelerating peer’s strengths, delegating the right task to the right person, and building powerful teams that can conquer any obstacles. Intelligent businessman with highly diverse business knowledge and propensity to initiate positive changes. Praised for prudently managing human and fanatical recourses and continually extinguishing fires. Not afraid to delve into uncharted waters. Capitalise on strong business acumen and natural leadership talents to steer teams and company in new directions. Professional strengths: Project Management, Sales & Marketing, Customer Service Management, Asset Management, Skills Management Career Development General Manager, 2008 – 2009 (4 month contract) Certigard Bring franchise up to Certigard standards so failing business can be susses fully sold to private investor Design and implement all marketing programs. Plan and control budget and expenditures, oversee all sales and Operations Notable Achievements: Complete turnaround of failing business with Center susses fully sold to private investor Renovation of automotive center Operations Manager, 2006 – 2008 (3 years) Car Care Center, Transmission Center, Tire Center (2 locations) Richmond, B.C. Plan, organize and direct daily operations, Evaluate markets, Develop and execute internal communication, policies and procedures Design and implement all marketing programs. Plan and control budget and expenditures, Training of staff, Conduct performance reviews, oversee all sales and business development. $1200.000 annual sales Operation of 2 automotive centers and (Property Manager) for the other 3 tenants in Commercial Building Notable Achievements: Responsible for design and renovation project of Big O Tire and grand opening Instrumental in complete turnaround of under-performing sales; set higher expectations and instituted individual team-member accountability resulting in 79% revenue increase over two years Research / Training and Installation of a new P.O.S. System (Co-star) Operations Manager, 2003 – 2005 (3 years) Car Care Center Richmond, B.C. Plan, organize and direct daily operations of franchise. $900.000 annual sales Sales Manager, B.C. & Alberta, 2002- 2003 (1 year) Paltec Marketing Richmond, B.C. Development and Sales of a comprehensive line of multifunctional business solutions, 0ffice Products and Pet Products Territory Manager, 1998 – 2001 (4 years) Toshiba Business Systems Richmond, B.C. Development and Sales of a comprehensive line of multifunctional business office solutions, Developing and increasing the customer base -Driving customer satisfaction through solution-based relationships Manager, 1989 – 1997 (8 years) Pacific Design Richmond, B.C. Operated a Renovation and Painting Company Residential and Commercial work using a combination of employees and sub contractors Education and Training Certigard Bay Management Systems 2008 Big O Tire Management Systems 2007 Aamco franchise Development Systems 2006 Canadian Tire Automotive Management Systems 2005 Kwantlen University College Business Studies, Marketing, Organizational Development and Leadership 2001- 2003 British Columbia Institute of Technology Business Development, Economics, Management Fundamentals, Marketing 1996 -1998 Dale Carnegie Sales Training Leadership Training for Managers 1995 W.P. Wagner School of Science and Technology Edmonton Alberta (High School) Graduated 1994 Automotive shop, Communications, Advanced Placement (develop superior critical thinking, problem solving, and communication skills) (college level studies while in high school) 1994 Volunteer Work Board of Directors Federal Constituency (National political party) Appointed to jointly oversee the activities by governing the organization by
How big is ChoicePoint? How big you have to be to become a monopoly? ChoicePoint is an Alpharetta, Georgia-based company that sells information in three markets--insurance, business and government, and marketing. According to a recent quarterly statement filed at the Security and Exchange Commission, ChoicePoint sells: "claims history data, motor vehicle records, police records, credit information and modeling services...employment background screenings and drug testing administration services, public record searches, vital record services, credential verification, due diligence information, Uniform Commercial Code searches and filings, DNA identification services, authentication services and people and shareholder locator information searches...print fulfillment, teleservices, database and campaign management services..." ChoicePoint has managed to attain a large share of the commercial data broker (CDB) market with strategic purchases of other businesses. Since its spinoff from Equifax in 1997, ChoicePoint has acquired a number of information collection and processing companies. These include: National Data Retrieval, Inc., a provider of public records information; List Source, Inc., d/b/a Kramer Lead Marketing Group, a marketing company in the life and health insurance and financial services markets; Mortgage Asset Research Institute, Inc., a mortgage fraud monitoring company; Identico Systems, LLC, a customer identity verification company; Templar Corporation; insuranceDecisions, Inc., an insurance industry claims administration company; Bridger Systems, Inc., a USA PATRIOT Act compliance company; CITI NETWORK, Inc. d/b/a Applicant Screening and Processing, a tenant screening company; TML Information Services, Inc., a provider of motor vehicle reports; Drug Free, Inc., a drug testing company; National Drug Testing, Inc., a drug testing company; Application Profiles, Inc., a background check company; Informus Corporation; a company enabling ChoicePoint to offer products online; Tyler-McLennon, Inc., a background screening company; ChoicePoint Direct Inc., formerly known as Customer Development Corporation, a database marketing company; EquiSearch Services, Inc.; DATEQ Information Network, Inc., an insurance underwriting services company; Washington Document Service, Inc., a court record retrieval service; DataTracks Technology, Inc., a public record information company; DataMart, Inc., a database software company; Statewide Data Services, Inc; NSA Resources, Inc., a drug testing company; DBT Online, Inc., a public record services provider; RRS Police Records Management, Inc., a provider of police reports and related services; VIS'N Service Corporation; Cat Data Group, LLC; Drug Free Consortium, a drug testing company; BTi Employee Screening Services, Inc., an employee pre-screening services company; ABI Consulting Inc., a drug screening company; Insurity Solutions, Inc., an insurance rating company; National Medical Review Offices, Inc.; Bode Technology Group, Inc., a DNA identification company; Marketing Information & Technology, Inc., a direct marketing company; Pinkerton's, Inc., a preemployment screening company; Total eData Corporation, an e-mail database company; L&S Report Service, Inc., a provider of police records; Resident Data, Inc., a residential screening services provider; Vital Chek Network, Inc., a provider of vital records; Accident Report Services, Inc., a provider of police records; Programming Resources Company, insurance software company; Professional Test Administrators, Inc., a drug testing company; CDB Infotek, a seller of public records; Medical Information Network, LLC, an online physician verification service; and Rapsheets.com, an online provider of criminal records data.
why should we hire you? i'm applying online for a graduate program at a bank. i'm stuck at a question which asks me to put my preference down from different streams. they are; global asset management, financial services, corporate financial services, retail banking, risk management, institutional banking and markets.i dont know which should i chose as my 1st and 2nd preference. i just completed my bachelor of business course (major accounting and finance).. and i'm not sure what should i say. and plus, the next question is why should we hire you for ur first preference? what should i write?? i have no experience in banking or any other finance field... but i really want to get into this.... HELP ME..PLS
Why should we hire you? i'm applying online for a graduate program at a bank. i'm stuck at a question which asks me to put my preference down from different streams. they are; global asset management, financial services, corporate financial services, retail banking, risk management, institutional banking and markets.i dont know which should i chose as my 1st and 2nd preference. i just completed my bachelor of business course (major accounting and finance).. and i'm not sure what should i say. and plus, the next question is why should we hire you for ur first preference? what should i write?? i have no experience in banking or any other finance field... but i really want to get into this.... HELP ME..PLS
Lucent Technologies: evaluate the asset, debt, and equity structure? Executive Summary We design and deliver the systems, software and services that drive next-generation communications networks. Backed by Bell Labs research and development, we use our strengths in mobility, optical, access, data and voice networking technologies, as well as services, to create new revenue-generating opportunities for our customers, while enabling them to quickly deploy and better manage their networks. Our customer base includes communications service providers, governments and enterprises worldwide. We have three segments organized around the products and services we sell. The reportable segments are Integrated Network Solutions (“INS”), Mobility Solutions (“Mobility”) and Lucent Worldwide Services (“Services”). INS provides a broad range of software and wireline equipment related to voice networking (primarily consisting of switching products, which we sometimes refer to as convergence solutions, and voice messaging products), data and network management (primarily consisting of access and related data networking equipment and operating support software) and optical networking. Mobility provides software and wireless equipment to support radio access and core networks. Services provides deployment, maintenance, professional and managed services in support of both our product offerings as well as multi-vendor networks. Beginning in fiscal 2001, the global telecommunications market deteriorated, resulting from a decrease in the competitive local exchange carrier market and a significant reduction in capital spending by established service providers.This trend intensified during fiscal 2002 and continued into fiscal 2003. Reasons for the market deterioration included general economic slowdown, network overcapacity, customer bankruptcies, network build-out delays and limited availability of capital. We believe that the market for telecommunications equipment has stabilized and is starting to grow in certain areas. The growing demands of enterprises and consumers for additional services tailored to their needs is creating the need for a new convergence of networks, technologies and applications. Required 1. Using the Consolidated Balance Sheets for Lucent Technologies for September 30, 2004 and 2003, prepare a common-size balance sheet. 2. Evaluate the asset, debt, and equity structure of Lucent Technologies, as well as trends and changes found on the common-size balance sheet. 3. What concerns would investors and creditors have based on only this information? 4. What additional financial and nonfinancial information would investors and creditors need to make investing and lending decisions for Lucent Technologies? LUCENT TECHNOLOGIES INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (in Millions, Except per Share Amounts) September 30, September 30, 2004 2003 Assets Cash and cash equivalents $ 3,379 $ 3,821 Marketable securities 858 686 Receivables 1,359 1,511 Inventories 822 632 Other current assets 1,813 1,213 Total current assets 8,231 7,863 Marketable securities 636 — Property, plant, and equipment, net 1,376 1,593 Prepaid pension costs 5,358 4,659 Goodwill and other acquired intangibles, net 434 188 Other assets 928 1,608 Total assets $ 16,963 $ 15,911 Liabilities Accounts payable $ 872 $ 1,072 Payroll and benefit-related liabilities 1,232 1,080 Debt maturing within one year 1 389 Other current liabilities 2,361 2,393 Total current liabilities 4,466 4,934 Postretirement and postemployment benefit liabilities 4,881 4,669 Pension liabilities 1,874 2,494 Long-term debt 4,837 4,439 Liability to subsidiary trust issuing preferred securities 1,152 1,152 Other liabilities 1,132 1,594 Total liabilities 18,342 19,282 Commitments and contingencies 8.00% redeemable convertible preferred stock — 868 Shareowners’ Deficit Preferred stock—par value $1.00 per share; authorized shares: 250; issued and outstanding: none — — Common stock—par value $.01 per share;Authorized shares: 10,000; 4,396 issued and 4,395 outstanding shares as of September 30, 2004,and 4,170 issued and 4,169 outstanding shares as of September 30, 2003 44 42 Additional paid-in capital 23,005 22,252 Accumulated deficit (20,793) (22,795) Accumulated other comprehensive loss (3,635) (3,738) Total shareowners’ deficit (1,379) (4,239) Total liabilities, redeemable convertible preferred stock and shareowners’ deficit $ 16,963 $ 15911
Evaluate the asset, debt, and equity structure of Lucent Technologies? Executive Summary We design and deliver the systems, software and services that drive next-generation communications networks. Backed by Bell Labs research and development, we use our strengths in mobility, optical, access, data and voice networking technologies, as well as services, to create new revenue-generating opportunities for our customers, while enabling them to quickly deploy and better manage their networks. Our customer base includes communications service providers, governments and enterprises worldwide. We have three segments organized around the products and services we sell. The reportable segments are Integrated Network Solutions (“INS”), Mobility Solutions (“Mobility”) and Lucent Worldwide Services (“Services”). INS provides a broad range of software and wireline equipment related to voice networking (primarily consisting of switching products, which we sometimes refer to as convergence solutions, and voice messaging products), data and network management (primarily consisting of access and related data networking equipment and operating support software) and optical networking. Mobility provides software and wireless equipment to support radio access and core networks. Services provides deployment, maintenance, professional and managed services in support of both our product offerings as well as multi-vendor networks. Beginning in fiscal 2001, the global telecommunications market deteriorated, resulting from a decrease in the competitive local exchange carrier market and a significant reduction in capital spending by established service providers.This trend intensified during fiscal 2002 and continued into fiscal 2003. Reasons for the market deterioration included general economic slowdown, network overcapacity, customer bankruptcies, network build-out delays and limited availability of capital. We believe that the market for telecommunications equipment has stabilized and is starting to grow in certain areas. The growing demands of enterprises and consumers for additional services tailored to their needs is creating the need for a new convergence of networks, technologies and applications. Required 1. Using the Consolidated Balance Sheets for Lucent Technologies for September 30, 2004 and 2003, prepare a common-size balance sheet. 2. Evaluate the asset, debt, and equity structure of Lucent Technologies, as well as trends and changes found on the common-size balance sheet. 3. What concerns would investors and creditors have based on only this information? 4. What additional financial and nonfinancial information would investors and creditors need to make investing and lending decisions for Lucent Technologies? LUCENT TECHNOLOGIES INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (in Millions, Except per Share Amounts) September 30, September 30, 2004 2003 Assets Cash and cash equivalents $ 3,379 $ 3,821 Marketable securities 858 686 Receivables 1,359 1,511 Inventories 822 632 Other current assets 1,813 1,213 Total current assets 8,231 7,863 Marketable securities 636 — Property, plant, and equipment, net 1,376 1,593 Prepaid pension costs 5,358 4,659 Goodwill and other acquired intangibles, net 434 188 Other assets 928 1,608 Total assets $ 16,963 $ 15,911 Liabilities Accounts payable $ 872 $ 1,072 Payroll and benefit-related liabilities 1,232 1,080 Debt maturing within one year 1 389 Other current liabilities 2,361 2,393 Total current liabilities 4,466 4,934 Postretirement and postemployment benefit liabilities 4,881 4,669 Pension liabilities 1,874 2,494 Long-term debt 4,837 4,439 Liability to subsidiary trust issuing preferred securities 1,152 1,152 Other liabilities 1,132 1,594 Total liabilities 18,342 19,282 Commitments and contingencies 8.00% redeemable convertible preferred stock — 868 Shareowners’ Deficit Preferred stock—par value $1.00 per share; authorized shares: 250; issued and outstanding: none — — Common stock—par value $.01 per share;Authorized shares: 10,000; 4,396 issued and 4,395 outstanding shares as of September 30, 2004,and 4,170 issued and 4,169 outstanding shares as of September 30, 2003 44 42 Additional paid-in capital 23,005 22,252 Accumulated deficit (20,793) (22,795) Accumulated other comprehensive loss (3,635) (3,738) Total shareowners’ deficit (1,379) (4,239) Total liabilities, redeemable convertible preferred stock and shareowners’ deficit $ 16,963 $ 15911
How to get client for outsourcing - accounting service? I am a practicing certified public accountant. I am currently under International Financial Reporting Standards. I render services such, accounting processing, payroll processing, outsourcing, tax filings, business analysis, financil statement analysis, prepation of financial stateemnts, working capital management, asset management and managerial services. I'm done with my business plan, and already had two clients in Utah, USA but i need more client in US, CANADA, European Countries and other IFRS-based Countries. I know that i can get more client as long as i have more contacts and connection on the said countries - since i am offering the lowest rate among accounting firms. How can i get more client faster? What website offers free accounting leads? Can you recommend me some companies (small and medium size)? (i need some genuine, relevant and reliable answer or recommendation. Thanks much)
What financial services entry level position would get me on the hedge fund track? I've often heard that i-bank analysts are in high demand at hedge funds, that their training gives them a leg up on others who want to get into the hedge fund space. I'm a graduating senior with an econ major (my school doesn't offer a finance major) and I want to someday work in the hedge fund industry, but I'm not so sure I want to live the lifestyle of an analyst. Instead, I'm more interested in equity research or asset management, following the market. Do entry-level positions in these areas provide a good background for my goal? What about trading? Thanks.
Here is my resume, how come nobody wants to hire me? LEADERSHIP IN UNIQUELY CHALLENGING SITUATIONS Dynamic, result oriented leader with a strong track record of performance in turnaround and high paced organizations. Utilize keen analysis, insights and team approach to drive organizational improvement and implementation of good practices. Superior interpersonal skills, capable of resolving multiple and complex (sales, human resources, legal, financial, operational) issues motivating staff to peak performance. Additional areas of expertise include: •Strategy, Vision and mission planning. •Sales & Marketing leadership •Profitability and cost analysis •Programs, services and products •Billing, collection and cash management •Contract negotiations & strategic Alliances •Finance, Budgeting & Cost management •Public relations & media affairs •Policy and procedure development •Licensing and trade mark •Team building and Performance improvement PROFESSIONAL EXPERIENCE PRESIDENT 2007 MANUFACTURING CORPORATION… ERASED MA President of a Food and Beverage manufacturing company that specializes in vitamin fortified teas and juices. It is an emerging leader in the food and beverage industry. Notable Accomplishments: •Oversaw that manufacturing and production are completely in compliant with government regulations •Conducted new business development activities as a way to promote the company’s products and services and build a relationship within the community and consumers •Developed New product ideas for future trends and healthy consumptions to satisfy customer wants and needs •Generally responsible for all aspects of marketing, Advertising and sales of company products •Enhanced business infrastructure resulting in improved performance and cost reduction ACCOUNT MANAGER/CONTROLLER 2005-2007 BANK CORPORATION… Account controller of the leading provider of financial services to institutional investors. Their investment services include and not limited to research, investment management, trading services and investment servicing. Notable Accomplishments: •Responsible for ensuring full compliance of divisional daily core operation standards, operational and client-specific procedures •Monitored amount of income and post daily expense accruals based on client direction •Calculated cash availability accurately to meet performance standards for limited complexity portfolios •Work with fixed income and hedge funds •Participated on a team responsible for merging multi-million dollar, complex companies. Project was transparent to customers with un-interrupted service •Maintain daily/monthly supporting documentation for all outstanding items and records required for fund audits •Calculate Net Asset Value per share •Maintained heavy load of accounts; kept each account balanced and ready for daily investments PERSONAL BANKER 2002-2005 FINANCIAL GROUP…. Banker for a $167 Billion commercial bank holding company. One of the 10 largest Commercial banking companies in the United States. Owned by the Royal Bank of Scotland. Notable Accomplishments: •Opened new business and personal account •Prospected for new business and personal clients with high net worth’s • Responsible for closing loans approved by the loan officer •Involved in setting up the new banking branches in the city EDUCATION erased College … Business Administration Management conc, Minor in Marketing MEDIA RELATIONS, APPERANACE AND RECOGNITIONS THE LYNN ITEM: (HEADLINE) ....erased...... Launches Manufacturing Company BEVNET.COM: (HEADLINE) ...........................................erased........ super-premium line for today’s health-conscious consumer... YEARS ERASED Letter of recognition From Massachusetts State Senator,:
How big is Choice Point? How many companies have they bought? Does it smell like Monopoly? ChoicePoint is an Alpharetta, Georgia-based company that sells information in three markets--insurance, business and government, and marketing. According to a recent quarterly statement filed at the Security and Exchange Commission, ChoicePoint sells: "claims history data, motor vehicle records, police records, credit information and modeling services...employment background screenings and drug testing administration services, public record searches, vital record services, credential verification, due diligence information, Uniform Commercial Code searches and filings, DNA identification services, authentication services and people and shareholder locator information searches...print fulfillment, teleservices, database and campaign management services..." ChoicePoint has managed to attain a large share of the commercial data broker (CDB) market with strategic purchases of other businesses. Since its spinoff from Equifax in 1997, ChoicePoint has acquired a number of information collection and processing companies. These include: National Data Retrieval, Inc., a provider of public records information; List Source, Inc., d/b/a Kramer Lead Marketing Group, a marketing company in the life and health insurance and financial services markets; Mortgage Asset Research Institute, Inc., a mortgage fraud monitoring company; Identico Systems, LLC, a customer identity verification company; Templar Corporation; insuranceDecisions, Inc., an insurance industry claims administration company; Bridger Systems, Inc., a USA PATRIOT Act compliance company; CITI NETWORK, Inc. d/b/a Applicant Screening and Processing, a tenant screening company; TML Information Services, Inc., a provider of motor vehicle reports; Drug Free, Inc., a drug testing company; National Drug Testing, Inc., a drug testing company; Application Profiles, Inc., a background check company; Informus Corporation; a company enabling ChoicePoint to offer products online; Tyler-McLennon, Inc., a background screening company; ChoicePoint Direct Inc., formerly known as Customer Development Corporation, a database marketing company; EquiSearch Services, Inc.; DATEQ Information Network, Inc., an insurance underwriting services company; Washington Document Service, Inc., a court record retrieval service; DataTracks Technology, Inc., a public record information company; DataMart, Inc., a database software company; Statewide Data Services, Inc; NSA Resources, Inc., a drug testing company; DBT Online, Inc., a public record services provider; RRS Police Records Management, Inc., a provider of police reports and related services; VIS'N Service Corporation; Cat Data Group, LLC; Drug Free Consortium, a drug testing company; BTi Employee Screening Services, Inc., an employee pre-screening services company; ABI Consulting Inc., a drug screening company; Insurity Solutions, Inc., an insurance rating company; National Medical Review Offices, Inc.; Bode Technology Group, Inc., a DNA identification company; Marketing Information & Technology, Inc., a direct marketing company; Pinkerton's, Inc., a preemployment screening company; Total eData Corporation, an e-mail database company; L&S Report Service, Inc., a provider of police records; Resident Data, Inc., a residential screening services provider; Vital Chek Network, Inc., a provider of vital records; Accident Report Services, Inc., a provider of police records; Programming Resources Company, insurance software company; Professional Test Administrators, Inc., a drug testing company; CDB Infotek, a seller of public records; Medical Information Network, LLC, an online physician verification service; and Rapsheets.com, an online provider of criminal records data.
Renting a store and the roof is leaking !? This is my first store, and it is Friday at 3 pm. It is stormy out and the roof is leaking. I called the asset management and a call service put a call to the emergency contact but no luck yet. What are my legal rights? ... and what if they dont come to fix it till monday and some of my equipment gets damaged? .... Do I have the right to call someone myself ?...... thank you
should i use an objective on my resume? here is my objective: To obtain hands on experience with various financial products and services in a client focused corporation with global reach. should i use it or should i just not put an objective..? I am a recent grad with no experience. Im applying for positions in asset management and positions related to funds transfer / trade settlement.
What type of biz in the financial industry (in singapore context) requires low capital? hi there im really confused which type of biz to start in financial industry though i have some knowledge (through street smart); but as u know that finance is very BROAD; so can someone tell me what is the best type of business in financial industry? im not looking for high-end type of business because i dont have so much money; im just looking to start a SMALL business with SMALL capital; is it possible to buy some stake in other SMALL financial institution to share the profits? if so, how much is the APPROX. CAPITAL? im interested in investment banking, asset management and/or brokerage services; what about biz dealing with derivatives? which is less costly? what about independent trader? how much capital do they need? also, do i need a degree to open a small financial institution? please specify other necessary requirements; thank you
Why are there racial quotas in the financial reform bill? I guess my question is: “So what does this mean? Are we going to get rid of anti-discrimination laws all together and just put in quotas? excerpt... Buried in the bloated Barney Frank/Chris Dodd/B. Hussein Obama financial regulatory power grab are penalties for being male and Caucasian: The Dodd-Frank financial regulatory bill, ostensibly aimed at reforming Wall Street and preventing a future financial crisis, will impose racial and gender quotas on financial institutions if passed, according to economist Diana Furchtgott-Roth. Section 342 of the bill will establish Offices of Minority and Women Inclusion in at least 20 federal financial services agencies. These offices will be tasked with implementing "standards and procedures to ensure, to the maximum extent possible, the fair inclusion and utilization of minorities, women, and minority-owned and women-owned businesses in all business and activities of the agency at all levels, including in procurement, insurance, and all types of contracts." So called "fair inclusion" will apply to "financial institutions, investment banking firms, mortgage banking firms, asset management firms, brokers, dealers, financial services entities, underwriters, accountants, investment consultants and providers of legal services." The provision goes on to assert that the government will terminate contracts with institutions they deem have "failed to make a good faith effort to include minorities and women in their workforce." There's only one way to be sure to mollify the politically correct petty tyrants sent forth from the District of Criminals like an army of flying monkeys: quotas. Diana Furchtgott-Roth, former chief economist at the U.S. Department of Labor and senior fellow at the Hudson Institute, spotlighted the controversial section in an article at Real Clear Markets on June 8th. She told The Daily Caller that the law amounts to a quota system. "This is a radical shift in employment legislation," she said. "The law effectively changes the standard by which institutions are evaluated from anti-discrimination regulations to quotas. In order to be in compliance with the law these businesses will have to show that they have a certain percentage of women and a certain percentage of minorities." We picked a president based on race. How is that turning out? Liberals won't rest until every bank in the country is run like the White House. http://dailycaller.com/2010/07/11/racial-quotas-in-dodd-frank-financial-regulatory-bill/ IT TURNS out this provision was put in the bill by none other than Maxine Waters: This will not pass, due to the fact that it's unconstitutional. “The provision does not even mention lending. The offices will only be responsible for employment, management and business activities of the agencies,” she wrote. “The provision is designed to broaden and improve the workforce of these agencies and expand opportunities for our nation’s small businesses—including minority- and women-owned businesses—to participate in programs and contracts instead of continuing to rely on the same ‘old boy’ network and handful of Wall Street firms responsible for the crisis in the financial markets.” On July 1, Waters issued a press release explaining the urgency of mandating diversity. “Many industries lack the inclusion and participation of people of color and women, perhaps none more egregiously than the financial services sector,” Waters said in the statement.
Do we need Offices of Minority Inclusion in 29 Federal Agencies? Section 342 of the Financial Reform bill calls for an "Office of Minority and Women Inclusion" to be established in each of 29 federal bureaus and offices. The regulations appear to go beyond ensuring that discrimination in hiring decisions does not occur. Instead, they require assurance of "fair inclusion. Will it pressure companies to find and hire minorities even if one hasn't applied for a specific job. The bill's affirmative action provisions — some suggest they are de facto quotas — would apply not only to the 29 federal agencies but also to all "financial institutions, investment banking firms, mortgage banking firms, asset management firms, brokers, dealers, financial services entities, underwriters, accountants, investment consultants, and providers of legal services" who do business with them.
What career,besides project management do you recommend from the following resume? PROFILEA Project Manager desiring to quickly become an asset to your organization. Offering 5 years of outstanding leadership experience to assist the advancement of your company, ensuring project timeliness, adherence to budgets, and that obligations are met. Proficient in MS Project. EDUCATION2007-Present Keller Graduate School of Management Atlanta, GA Masters of Business Administration 2005-2007DeVry University Atlanta, GA Bachelor of Science Degree in Technical Management Concentration in Project Management Related Course Work: Contracts and Procurement Project Risk Management Advanced Project Management Advanced Cost Management Total Quality Management (TQM) COREProficient in Microsoft Office Suite Effective Negotiation Techniques Expertise in COMPETENCIES Conflict Resolution Experienced in Leadership and Motivation Knowledgeable in Inventory Management Skilled in Providing Customer Service Performance Management RELATED1999–2004United States Marine CorpsSan Diego, CA MILITARY Project Manager/ Director of Welding Program EXPERIENCE Directly responsible for 40 employees and indirectly responsible for 200 employees. Lead successful projects with assets worth over $100 million dollars. Utilized project management techniques to achieve project goals in a timely manner. Increased ready for issue rate from 58% to 99%. Attended meetings and gave oral presentations to Commanding Officer and Executive Officer of Operations. Developed budget strategies which saved company overall cost utilizing untapped assets. Created and maintained contact with outside vendors. Worked closely with Quality Assurance representatives to ensure accuracy and quality production. Analyzed blueprints and technical publications and created innovative ways to manufacture products to save man hours. Developed Excellence in Leadership training courses, providing extensive training Achieved awards for outstanding work ethic, production, and leadership. Acquired new business selling design for ch46ce fast-rope frames. Oversaw project which entailed the transportation of a military logistics squadron. Developed action plans to reduce the impact of potential risks and hazards associated with a military combat zone. Conducted quarterly and annual audits. Acted as liaison between outside vendors, customers, and logistics squadron. ADDITIONAL2007-2008Old mutual Atlanta, GA EXPERIENCEInsurance Agent Extensive experience with CRM applications. Maintained an 80 percent close ratio in a slowing economy. Provided exceptional customer service by forming partnerships with business development, marketing, and other company divisions in order to determine most attractive offers for customers. Managed 40+ accounts simultaneously. Trained new agents on selling techniques and procedure in accordance with Georgia Department of Insurance. 2006-2007 United Rentals Acworth, GA Diesel Mechanic Produced sales from incoming customers to improve company revenue. Responsible for $12 million dollars worth of fleet rental equipment. Repair and maintain vehicles and equipment with mechanical, electrical, hydraulic and pneumatic systems. Awarded “Employee of the Month” 3 times. 2005–2006Northrop GrummanSunnyvale, CA Navy Submarine Assembly Propulsion Unit Mechanic Maintained and inventoried parts essential to the assembly of propulsion unit. Followed blueprints and process specifications provided by engineers to assemble critical pieces of hardware. Fabricated components measuring to the hundred-thousandth.
Lucent Technologies Management? 2. Evaluate the asset, debt and equity structure of Lucent Technologies, as well as trends and changes found on the common-size balance sheet. 4. What additional financial and non-financial information would investors and creditors need to make investing and lending decisions for Lucent Technologies? Executive Summary We design and deliver the systems, software and services that drive next-generation communications networks. Backed by Bell Labs research and development, we use our strengths in mobility, optical, access, data and voice networking technologies, as well as services, to create new revenue-generating opportunities for our customers, while enabling them to quickly deploy and better manage their networks. Our customer base includes communications service providers, governments and enterprises worldwide. We have three segments organized around the products and services we sell. The reportable segments are Integrated Network Solutions (“INS”), Mobility Solutions (“Mobility”) and Lucent Worldwide Services (“Services”). INS provides a broad range of software and wireline equipment related to voice networking (primarily consisting of switching products, which we sometimes refer to as convergence solutions, and voice messaging products), data and network management (primarily consisting of access and related data networking equipment and operating support software) and optical networking. Mobility provides software and wireless equipment to support radio access and core networks. Services provides deployment, maintenance, professional and managed services in support of both our product offerings as well as multi-vendor networks. Beginning in fiscal 2001, the global telecommunications market deteriorated, resulting from a decrease in the competitive local exchange carrier market and a significant reduction in capital spending by established service providers.This trend intensified during fiscal 2002 and continued into fiscal 2003. Reasons for the market deterioration included general economic slowdown, network overcapacity, customer bankruptcies, network build-out delays and limited availability of capital. We believe that the market for telecommunications equipment has stabilized and is starting to grow in certain areas. The growing demands of enterprises and consumers for additional services tailored to their needs is creating the need for a new convergence of networks, technologies and applications. Required 1. Using the Consolidated Balance Sheets for Lucent Technologies for September 30, 2004 and 2003, prepare a common-size balance sheet. 2. Evaluate the asset, debt, and equity structure of Lucent Technologies, as well as trends and changes found on the common-size balance sheet. 3. What concerns would investors and creditors have based on only this information? 4. What additional financial and nonfinancial information would investors and creditors need to make investing and lending decisions for Lucent Technologies? LUCENT TECHNOLOGIES INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (in Millions, Except per Share Amounts) September 30, September 30, 2004 2003 Assets Cash and cash equivalents $ 3,379 $ 3,821 Marketable securities 858 686 Receivables 1,359 1,511 Inventories 822 632 Other current assets 1,813 1,213 Total current assets 8,231 7,863 Marketable securities 636 — Property, plant, and equipment, net 1,376 1,593 Prepaid pension costs 5,358 4,659 Goodwill and other acquired intangibles, net 434 188 Other assets 928 1,608 Total assets $ 16,963 $ 15,911 Liabilities Accounts payable $ 872 $ 1,072 Payroll and benefit-related liabilities 1,232 1,080 Debt maturing within one year 1 389 Other current liabilities 2,361 2,393 Total current liabilities 4,466 4,934 Postretirement and postemployment benefit liabilities 4,881 4,669 Pension liabilities 1,874 2,494 Long-term debt 4,837 4,439 Liability to subsidiary trust issuing preferred securities 1,152 1,152 Other liabilities 1,132 1,594 Total liabilities 18,342 19,282 Commitments and contingencies 8.00% redeemable convertible preferred stock — 868 Shareowners’ Deficit Preferred stock—par value $1.00 per share; authorized shares: 250; issued and outstanding: none — — Common stock—par value $.01 per share;Authorized shares: 10,000; 4,396 issued and 4,395 outstanding shares as of September 30, 2004,and 4,170 issued and 4,169 outstanding shares as of September 30, 2003 44 42 Additional paid-in capital 23,005 22,252 Accumulated deficit (20,793) (22,795) Accumulated other comprehensive loss (3,635) (3,738) Total shareowners’ deficit (1,379) (4,239) Total liabilities, redeemable convertible preferred stock and shareowners’ deficit $ 16,963 $ 15911
Is Fox News really a Conservavtive News Network? = Waving real US Flags? K. Rupert Murdoch (Bought his US Citizenship for $1+Support H. Clinton) Chairman and Chief Executive Officer--News Corporation José María Aznar--Former President of Spain Peter Barnes--Chairman--Ansell Limited--a global leader in healthcare barrier protection Chase Carey--President and Chief Executive Officer--The DIRECTV Group, Inc. Kenneth E. Cowley--Chairman-- is a leading provider of services and technology to financial market participants in Australasia. Viet Dinh--In 1978, Dinh's mother took her children and fled Communist Vietnam in a 15-foot-long boat packed with 85 refugees. They landed in Malaysia. Six months later, the family arrived in Oregon and started life picking strawberries. Rod Eddington-Non-Executive Chairman for--Australia and New Zealand JPMorgan--A leader in investment banking, asset management, private equity, custody and transaction services, middle market financial services, and e-finance. www.jpmorgan.com Andrew S.B. Knight- Rothschild Investment Trust
Lucent Technologies: Evaluate asset,debt & equity structure as well as trends & changes on common sz bal sheet? Here are the questions: 2. Evaluate the asset, debt, and equity structure of Lucent Technologies, as well as trends and changes found on the common-size balance sheet. 3. What concerns would investors and creditors have based on only this information? 4. What additional finanacial and non-financial information would investors and creditors need to make investing and lending decisions for Lucent Technologies? The info: Executive Summary We design and deliver the systems, software and services that drive next-generation communications networks. Backed by Bell Labs research and development, we use our strengths in mobility, optical, access, data and voice networking technologies, as well as services, to create new revenue-generating opportunities for our customers, while enabling them to quickly deploy and better manage their networks. Our customer base includes communications service providers, governments and enterprises worldwide. We have three segments organized around the products and services we sell. The reportable segments are Integrated Network Solutions (“INS”), Mobility Solutions (“Mobility”) and Lucent Worldwide Services (“Services”). INS provides a broad range of software and wireline equipment related to voice networking (primarily consisting of switching products, which we sometimes refer to as convergence solutions, and voice messaging products), data and network management (primarily consisting of access and related data networking equipment and operating support software) and optical networking. Mobility provides software and wireless equipment to support radio access and core networks. Services provides deployment, maintenance, professional and managed services in support of both our product offerings as well as multi-vendor networks. Beginning in fiscal 2001, the global telecommunications market deteriorated, resulting from a decrease in the competitive local exchange carrier market and a significant reduction in capital spending by established service providers.This trend intensified during fiscal 2002 and continued into fiscal 2003. Reasons for the market deterioration included general economic slowdown, network overcapacity, customer bankruptcies, network build-out delays and limited availability of capital. We believe that the market for telecommunications equipment has stabilized and is starting to grow in certain areas. The growing demands of enterprises and consumers for additional services tailored to their needs is creating the need for a new convergence of networks, technologies and applications. Required 1. Using the Consolidated Balance Sheets for Lucent Technologies for September 30, 2004 and 2003, prepare a common-size balance sheet. 2. Evaluate the asset, debt, and equity structure of Lucent Technologies, as well as trends and changes found on the common-size balance sheet. 3. What concerns would investors and creditors have based on only this information? 4. What additional financial and nonfinancial information would investors and creditors need to make investing and lending decisions for Lucent Technologies? LUCENT TECHNOLOGIES INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (in Millions, Except per Share Amounts) September 30, September 30, 2004 2003 Assets Cash and cash equivalents $ 3,379 $ 3,821 Marketable securities 858 686 Receivables 1,359 1,511 Inventories 822 632 Other current assets 1,813 1,213 Total current assets 8,231 7,863 Marketable securities 636 — Property, plant, and equipment, net 1,376 1,593 Prepaid pension costs 5,358 4,659 Goodwill and other acquired intangibles, net 434 188 Other assets 928 1,608 Total assets $ 16,963 $ 15,911 Liabilities Accounts payable $ 872 $ 1,072 Payroll and benefit-related liabilities 1,232 1,080 Debt maturing within one year 1 389 Other current liabilities 2,361 2,393 Total current liabilities 4,466 4,934 Postretirement and postemployment benefit liabilities 4,881 4,669 Pension liabilities 1,874 2,494 Long-term debt 4,837 4,439 Liability to subsidiary trust issuing preferred securities 1,152 1,152 Other liabilities 1,132 1,594 Total liabilities 18,342 19,282 Commitments and contingencies 8.00% redeemable convertible preferred stock — 868 Shareowners’ Deficit Preferred stock—par value $1.00 per share; authorized shares: 250; issued and outstanding: none — — Common stock—par value $.01 per share;Authorized shares: 10,000; 4,396 issued and 4,395 outstanding shares as of September 30, 2004,and 4,170 issued and 4,169 outstanding shares as of September 30, 2003 44 42 Additional paid-in capital 23,005 22,252 Accumulated deficit (20,793) (22,795) Accumulated other comprehensive loss (3,635) (3,738) Total shareowners’ deficit (1,379) (4,239) Total liabilities, redeemable convertible preferred stock and shareowners’ deficit $ 16,963 $ 15911
Lucent Technologies: evaluate the asset, debt, and equity structure?Concern that investor & creditor may have? Executive Summary We design and deliver the systems, software and services that drive next-generation communications networks. Backed by Bell Labs research and development, we use our strengths in mobility, optical, access, data and voice networking technologies, as well as services, to create new revenue-generating opportunities for our customers, while enabling them to quickly deploy and better manage their networks. Our customer base includes communications service providers, governments and enterprises worldwide. We have three segments organized around the products and services we sell. The reportable segments are Integrated Network Solutions (“INS”), Mobility Solutions (“Mobility”) and Lucent Worldwide Services (“Services”). INS provides a broad range of software and wireline equipment related to voice networking (primarily consisting of switching products, which we sometimes refer to as convergence solutions, and voice messaging products), data and network management (primarily consisting of access and related data networking equipment and operating support software) and optical networking. Mobility provides software and wireless equipment to support radio access and core networks. Services provides deployment, maintenance, professional and managed services in support of both our product offerings as well as multi-vendor networks. Beginning in fiscal 2001, the global telecommunications market deteriorated, resulting from a decrease in the competitive local exchange carrier market and a significant reduction in capital spending by established service providers.This trend intensified during fiscal 2002 and continued into fiscal 2003. Reasons for the market deterioration included general economic slowdown, network overcapacity, customer bankruptcies, network build-out delays and limited availability of capital. We believe that the market for telecommunications equipment has stabilized and is starting to grow in certain areas. The growing demands of enterprises and consumers for additional services tailored to their needs is creating the need for a new convergence of networks, technologies and applications. Required 1. Using the Consolidated Balance Sheets for Lucent Technologies for September 30, 2004 and 2003, prepare a common-size balance sheet. 2. Evaluate the asset, debt, and equity structure of Lucent Technologies, as well as trends and changes found on the common-size balance sheet. 3. What concerns would investors and creditors have based on only this information? 4. What additional financial and nonfinancial information would investors and creditors need to make investing and lending decisions for Lucent Technologies? LUCENT TECHNOLOGIES INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (in Millions, Except per Share Amounts) September 30, September 30, 2004 2003 Assets Cash and cash equivalents $ 3,379 $ 3,821 Marketable securities 858 686 Receivables 1,359 1,511 Inventories 822 632 Other current assets 1,813 1,213 Total current assets 8,231 7,863 Marketable securities 636 — Property, plant, and equipment, net 1,376 1,593 Prepaid pension costs 5,358 4,659 Goodwill and other acquired intangibles, net 434 188 Other assets 928 1,608 Total assets $ 16,963 $ 15,911 Liabilities Accounts payable $ 872 $ 1,072 Payroll and benefit-related liabilities 1,232 1,080 Debt maturing within one year 1 389 Other current liabilities 2,361 2,393 Total current liabilities 4,466 4,934 Postretirement and postemployment benefit liabilities 4,881 4,669 Pension liabilities 1,874 2,494 Long-term debt 4,837 4,439 Liability to subsidiary trust issuing preferred securities 1,152 1,152 Other liabilities 1,132 1,594 Total liabilities 18,342 19,282 Commitments and contingencies 8.00% redeemable convertible preferred stock — 868 Shareowners’ Deficit Preferred stock—par value $1.00 per share; authorized shares: 250; issued and outstanding: none — — Common stock—par value $.01 per share;Authorized shares: 10,000; 4,396 issued and 4,395 outstanding shares as of September 30, 2004,and 4,170 issued and 4,169 outstanding shares as of September 30, 2003 44 42 Additional paid-in capital 23,005 22,252 Accumulated deficit (20,793) (22,795) Accumulated other comprehensive loss (3,635) (3,738) Total shareowners’ deficit (1,379) (4,239) Total liabilities, redeemable convertible preferred stock and shareowners’ deficit $ 16,963 $ 15911
The following is an excerpt from Lucent,Technologies’ Management’s Discussion. Help? The following is an excerpt from Lucent Technologies’ Management’s Discussion and Analysis of Financial Condition and Results of Operations: Executive Summary We design and deliver the systems, software and services that drive next-generation communications networks. Backed by Bell Labs research and development, we use our strengths in mobility, optical, access, data and voice networking technologies, as well as services, to create new revenue-generating opportunities for our customers, while enabling them to quickly deploy and better manage their networks. Our customer base includes communications service providers, governments and enterprises worldwide. We have three segments organized around the products and services we sell. The reportable segments are Integrated Network Solutions (“INS”), Mobility Solutions (“Mobility”) and Lucent Worldwide Services (“Services”). INS provides a broad range of software and wireline equipment related to voice networking (primarily consisting of switching products, which we sometimes refer to as convergence solutions, and voice messaging products), data and network management (primarily consisting of access and related data networking equipment and operating support software) and optical networking. Mobility provides software and wireless equipment to support radio access and core networks. Services provides deployment, maintenance, professional and managed services in support of both our product offerings as well as multi-vendor networks. Beginning in fiscal 2001, the global telecommunications market deteriorated, resulting from a decrease in the competitive local exchange carrier market and a significant reduction in capital spending by established service providers.This trend intensified during fiscal 2002 and continued into fiscal 2003. Reasons for the market deterioration included general economic slowdown, network overcapacity, customer bankruptcies, network build-out delays and limited availability of capital. We believe that the market for telecommunications equipment has stabilized and is starting to grow in certain areas. The growing demands of enterprises and consumers for additional services tailored to their needs is creating the need for a new convergence of networks, technologies and applications. Required 1. Using the Consolidated Balance Sheets for Lucent Technologies for September 30, 2004 and 2003, prepare a common-size balance sheet. 2. Evaluate the asset, debt, and equity structure of Lucent Technologies, as well as trends and changes found on the common-size balance sheet. 3. What concerns would investors and creditors have based on only this information? 4. What additional financial and nonfinancial information would investors and creditors need to make investing and lending decisions for Lucent Technologies? C A S E S Case 2.1 Lucent Technologies
Can someone help me with this regarding Lucent technologies? Executive Summary We design and deliver the systems, software and services that drive next-generation communications networks. Backed by Bell Labs research and development, we use our strengths in mobility, optical, access, data and voice networking technologies, as well as services, to create new revenue-generating opportunities for our customers, while enabling them to quickly deploy and better manage their networks. Our customer base includes communications service providers, governments and enterprises worldwide. We have three segments organized around the products and services we sell. The reportable segments are Integrated Network Solutions (“INS”), Mobility Solutions (“Mobility”) and Lucent Worldwide Services (“Services”). INS provides a broad range of software and wireline equipment related to voice networking (primarily consisting of switching products, which we sometimes refer to as convergence solutions, and voice messaging products), data and network management (primarily consisting of access and related data networking equipment and operating support software) and optical networking. Mobility provides software and wireless equipment to support radio access and core networks. Services provides deployment, maintenance, professional and managed services in support of both our product offerings as well as multi-vendor networks. Beginning in fiscal 2001, the global telecommunications market deteriorated, resulting from a decrease in the competitive local exchange carrier market and a significant reduction in capital spending by established service providers.This trend intensified during fiscal 2002 and continued into fiscal 2003. Reasons for the market deterioration included general economic slowdown, network overcapacity, customer bankruptcies, network build-out delays and limited availability of capital. We believe that the market for telecommunications equipment has stabilized and is starting to grow in certain areas. The growing demands of enterprises and consumers for additional services tailored to their needs is creating the need for a new convergence of networks, technologies and applications. Required 1. Using the Consolidated Balance Sheets for Lucent Technologies for September 30, 2004 and 2003, prepare a common-size balance sheet. 2. Evaluate the asset, debt, and equity structure of Lucent Technologies, as well as trends and changes found on the common-size balance sheet. 3. What concerns would investors and creditors have based on only this information? 4. What additional financial and nonfinancial information would investors and creditors need to make investing and lending decisions for Lucent Technologies? LUCENT TECHNOLOGIES INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (in Millions, Except per Share Amounts) September 30, September 30, 2004 2003 Assets Cash and cash equivalents $ 3,379 $ 3,821 Marketable securities 858 686 Receivables 1,359 1,511 Inventories 822 632 Other current assets 1,813 1,213 Total current assets 8,231 7,863 Marketable securities 636 — Property, plant, and equipment, net 1,376 1,593 Prepaid pension costs 5,358 4,659 Goodwill and other acquired intangibles, net 434 188 Other assets 928 1,608 Total assets $ 16,963 $ 15,911 Liabilities Accounts payable $ 872 $ 1,072 Payroll and benefit-related liabilities 1,232 1,080 Debt maturing within one year 1 389 Other current liabilities 2,361 2,393 Total current liabilities 4,466 4,934 Postretirement and postemployment benefit liabilities 4,881 4,669 Pension liabilities 1,874 2,494 Long-term debt 4,837 4,439 Liability to subsidiary trust issuing preferred securities 1,152 1,152 Other liabilities 1,132 1,594 Total liabilities 18,342 19,282 Commitments and contingencies 8.00% redeemable convertible preferred stock — 868 Shareowners’ Deficit Preferred stock—par value $1.00 per share; authorized shares: 250; issued and outstanding: none — — Common stock—par value $.01 per share;Authorized shares: 10,000; 4,396 issued and 4,395 outstanding shares as of September 30, 2004,and 4,170 issued and 4,169 outstanding shares as of September 30, 2003 44 42 Additional paid-in capital 23,005 22,252 Accumulated deficit (20,793) (22,795) Accumulated other comprehensive loss (3,635) (3,738) Total shareowners’ deficit (1,379) (4,239) Total liabilities, redeemable convertible preferred stock and shareowners’ deficit $ 16,963 $ 15911
The following is an excerpt from Lucent Technologies’ Management’s Discussion and Analysis of Financial Condit? The following is an excerpt from Lucent Technologies’ Management’s Discussion and Analysis of Financial Condition and Results of Operations: Executive Summary We design and deliver the systems, software and services that drive next-generation communications networks. Backed by Bell Labs research and development, we use our strengths in mobility, optical, access, data and voice networking technologies, as well as services, to create new revenue-generating opportunities for our customers, while enabling them to quickly deploy and better manage their networks. Our customer base includes communications service providers, governments and enterprises worldwide. 1. Using the Consolidated Balance Sheets for Lucent Technologies for September 30, 2004 and 2003, prepare a common-size balance sheet. 2. Evaluate the asset, debt, and equity structure of Lucent Technologies, as well as trends and changes found on the common-size balance sheet. 3. What concerns would investors and creditors have based on only this information? 4. What additional financial and nonfinancial information would investors and creditors need to make investing and lending decisions for Lucent Technologies?
how would you summarize this article, because i dont get it? A new global fund that invests in the world's top clean-energy companies is to be launched in Canada today by Criterion Investments Ltd., which sees huge opportunity in efforts to "de-carbonize" the environment. Ian McPherson, president of Criterion, an affiliate of VenGrowth Asset Management Inc. of Toronto, said clean energy has matured beyond being a niche sector that until recently could only be tapped by seeking out and placing bets on individual companies. "The sector has matured; it's no longer nascent," said McPherson. "You have very strong capital flows and now there's some investment management talent in the area, whereas historically there's been a real shortage." The timing is right to launch a managed fund, he said. "It's on people's radar screens. Clean energy has more mainstream acceptance." The company is billing the RRSP-eligible Criterion Global Clean Energy Fund as the first Canadian fund of its kind focused on the clean-energy theme. Geneva-based Pictet Asset Management SA is investment adviser for the "high-risk" fund, which the Swiss company launched in May and is currently available throughout Europe and parts of Asia. Phillipe de Weck, senior fund manager from Pictet, said in a phone interview from Geneva that concern over climate change and a worldwide drive to reduce greenhouse gases, backed by ambitious government targets and incentives, has primed the sector for long-term growth. "We believe it will outperform the economy as a whole," he said, pointing out that the fund has jumped 7 per cent in its first four months compared to a drop of 2 per cent on the MSCI World Index, which measures the performance of market indices in 23 developed countries. "We're at the phase where policymakers have set targets, and now they have to move to the next stage where regulations are needed to move to those targets," he added. "We want to take advantage of that, and we think it's a long-term trend. The transition to clean energy is a trend that will last our lifetime." The fund was most recently invested in 59 companies, about 40 per cent located in the United States. Top 10 holdings included wind giants Gamesa and Vestas, and solar suppliers Suntech Power and Q-Cells. Three Canadian companies are currently in the fund: hydropower developer Plutonic Power of Vancouver; wind and hydro developer Canadian Hydro Developers Inc. of Calgary; and Westport Innovations Inc., a developer of natural gas and hydrogen combustion engines in Vancouver. De Weck said natural gas fits within the theme because it's an important "transition fuel" to clean energy, though the fund doesn't invest in nuclear power technologies or providers. "The safety and waste issues are still unresolved," he said. "Yes, there are plans for more nuclear, but let's be realistic. We've been in a nuclear winter in terms of skills and expertise. We haven't had that brain influx in the field and we simply don't have the experience." Nicholas Parker, co-founder and chairman of the Cleantech Group, a provider of research and investor services targeted at the clean technology sector, predicted the Criterion fund would be received well in Canada. "Canadian retail and institutional investors have been underserved in this space relative to their European and American counterparts, so I think this is going to meet demand," he said. Parker's group launched a Cleantech Index in partnership with the American Stock Exchange last year that tracks more than 70 publicly traded U.S. companies in the sector. He said his main concern is that the Criterion fund is focused on clean energy and excludes technologies aimed at cleaning up water and soil, reducing waste and creating "green" materials. Limiting the fund to just energy makes it more volatile, he argued. "Which is why we're advocating the broader cleantech space." Last October, PowerShares Capital Management LLC launched an exchange-traded fund (ETF) based on the Cleantech Index. Like most ETFs, the fees are more affordable than managed funds – for example, 0.7 per cent for the PowerShares fund compared to between 2.65 per cent and 2.75 per cent for the Criterion fund, which is near average for the mutual fund industry. McPherson said the Criterion fund adds value by being actively managed. "Our portfolio manager will be trading to take a view on valuation, whereas those ETFs are a static portfolio for certain periods of time and don't take into account if something is undervalued or overvalued as an index." So far, however, the passively managed PowerShares fund, while traded in U.S. dollars and vulnerable to foreign exchange exposure, is performing well – it's up more than 20 per cent since its launch 11 months ago. Since mid-May, when the Pictet fund was launched in Europe, the PowerShares fund has increased nearly 9 per cent.
career change advice? tech to finance? I currently hold a field technician position with a small tech company. My ultimate goal is to start a banking outfit or asset management firm. Unfortunately, I don't have the time or money to go back to school. Where should I start? Please don't say go back to school, I know that would be the most sensible direction but I really can't. I know somebody who started as a bank teller and is now making 300 grand a year in the financial services industry, but is this route applicable to my situation?
Lucent Technologies Management? Executive Summary We design and deliver the systems, software and services that drive next-generation communications networks. Backed by Bell Labs research and development, we use our strengths in mobility, optical, access, data and voice networking technologies, as well as services, to create new revenue-generating opportunities for our customers, while enabling them to quickly deploy and better manage their networks. Our customer base includes communications service providers, governments and enterprises worldwide. We have three segments organized around the products and services we sell. The reportable segments are Integrated Network Solutions (“INS”), Mobility Solutions (“Mobility”) and Lucent Worldwide Services (“Services”). INS provides a broad range of software and wireline equipment related to voice networking (primarily consisting of switching products, which we sometimes refer to as convergence solutions, and voice messaging products), data and network management (primarily consisting of access and related data networking equipment and operating support software) and optical networking. Mobility provides software and wireless equipment to support radio access and core networks. Services provides deployment, maintenance, professional and managed services in support of both our product offerings as well as multi-vendor networks. Beginning in fiscal 2001, the global telecommunications market deteriorated, resulting from a decrease in the competitive local exchange carrier market and a significant reduction in capital spending by established service providers.This trend intensified during fiscal 2002 and continued into fiscal 2003. Reasons for the market deterioration included general economic slowdown, network overcapacity, customer bankruptcies, network build-out delays and limited availability of capital. We believe that the market for telecommunications equipment has stabilized and is starting to grow in certain areas. The growing demands of enterprises and consumers for additional services tailored to their needs is creating the need for a new convergence of networks, technologies and applications. Required 1. Using the Consolidated Balance Sheets for Lucent Technologies for September 30, 2004 and 2003, prepare a common-size balance sheet. 2. Evaluate the asset, debt, and equity structure of Lucent Technologies, as well as trends and changes found on the common-size balance sheet. 3. What concerns would investors and creditors have based on only this information? 4. What additional financial and nonfinancial information would investors and creditors need to make investing and lending decisions for Lucent Technologies? LUCENT TECHNOLOGIES INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (in Millions, Except per Share Amounts) September 30, September 30, 2004 2003 Assets Cash and cash equivalents $ 3,379 $ 3,821 Marketable securities 858 686 Receivables 1,359 1,511 Inventories 822 632 Other current assets 1,813 1,213 Total current assets 8,231 7,863 Marketable securities 636 — Property, plant, and equipment, net 1,376 1,593 Prepaid pension costs 5,358 4,659 Goodwill and other acquired intangibles, net 434 188 Other assets 928 1,608 Total assets $ 16,963 $ 15,911 Liabilities Accounts payable $ 872 $ 1,072 Payroll and benefit-related liabilities 1,232 1,080 Debt maturing within one year 1 389 Other current liabilities 2,361 2,393 Total current liabilities 4,466 4,934 Postretirement and postemployment benefit liabilities 4,881 4,669 Pension liabilities 1,874 2,494 Long-term debt 4,837 4,439 Liability to subsidiary trust issuing preferred securities 1,152 1,152 Other liabilities 1,132 1,594 Total liabilities 18,342 19,282 Commitments and contingencies 8.00% redeemable convertible preferred stock — 868 Shareowners’ Deficit Preferred stock—par value $1.00 per share; authorized shares: 250; issued and outstanding: none — — Common stock—par value $.01 per share;Authorized shares: 10,000; 4,396 issued and 4,395 outstanding shares as of September 30, 2004,and 4,170 issued and 4,169 outstanding shares as of September 30, 2003 44 42 Additional paid-in capital 23,005 22,252 Accumulated deficit (20,793) (22,795) Accumulated other comprehensive loss (3,635) (3,738) Total shareowners’ deficit (1,379) (4,239) Total liabilities, redeemable convertible preferred stock and shareowners’ deficit $ 16,963 $ 15911
Outrageous Oil Profits? With all the hatred being thrown at the (insert scary music here) Big Oil Companies, and Congressional hearings an almost certainty... the thought of attacking big profits comes to mind. Considering that Big Oil makes about 8.5% will the Congress also be investigating the following businesses and services? Casinos 10.5% Beverage Brewers 10.5% Asset Management 10.5% Hotel/Motel 10.6% Money Center Banks 10.6% Integrated Circuits/ Semiconductors 13.6% Cigarettes 13.7% Steel and Iron 13.8% Railroads 13.9% Long Distance Carriers 15.8% .... Healthcare facilities...and a boatload of others have higher profit percentages.... and the grand daddy of them all? Hedge Funds at 87% !!!! So, do we investigate them as well?????? What are your opinions on this? http://www.glennbeck.com/content/articles/article/198/11200/ http://www.glennbeck.com/content/articles/article/198/11289/
list of asset management services for BPO and REO? Iam interested in doing BPO (brokers pricing opinion)
Addl. Courses to be pursued - Presently working in AMC (Mutual Funds) as Client Service/Operations incharge? I am working with a renowned Asset management (Mutual Fund) Company as an Client Service/Operation Incharge. I have already done my MBA in Finance from a full time management school. That MBA School is not that reputed but i completed it from there. I have close to 3.8 yrs of experience. All previously with the Banking industry on the retail branch banking side. But i plan to settle down with this new industry for a very long time. I want some advice as to which distant learning course should i do and from where so that i can excel in this industry. Going forward my target is to get into the Risk Management Department. Please guide if you can. Thanks, Vijay
How can we start raising capital to build our company? Depending on the amount of capital that we can raise, I believe is how we will start. We estimate we will need about $1M for a good solid startup but even with $500K we might cover our monthly payments with our monthly cashflows. My partner and I both agree we would like at the most 1/3 of assets financed by debt. The company creates solar energy. We really hope to establish a good business base and expect to already see positive net income within the first two years. We're talking of a company of under 10 employees. 1-2 engineers, 3 technicians in the assembly line, 2 service and installation specialists, 2-3 sales people, and myself in marketing and strategic management. Any other details you might need please message me. I am somewhat new to starting businesses but I have a huge desire to learn. I have seen businesses in the making but never actually been part of one. Thanks in advance.
I need help with this question and there are total 20 question and select best answer for each question? Question 1 Which IS manager is responsible for developing and monitoring standards and procedures to ensure that systems within the firm are accurate and of good quality? Auditing or computer security manager CIO Quality assurance manager Project manager Question 2 Which executive-level person is responsible for overseeing and managing the organization's information systems? Chief Knowledge Officer Chief Technology Officer Chief Information Officer Chief Operations Officer Question 3 Which type of information system supports and integrate all facets of the business, including planning, manufacturing, sales, marketing, and so on? Customer Relation Management System Functional Area Information System Enterprise Resource Planning System Transaction Processing System Question 4 It was joked that CIO stood for "Career is Over" because of the high turnover rate of CIOs. The primary reasons for CIO dismissals was: tightening budgets for technology and unrealistic expectations for CIOs by management. many CIOs could not keep up with constantly changing technologies and employee expectations. many CIOs left to take similar positions at dot-coms. CIOs tended to be technically-oriented but were ineffective managers. Question 5 Which IS manager is responsible for coordinating and managing all new systems projects? Project manager Systems manager Operations manager Development manager Question 6 Which IS manager is responsible for managing database and database management software use? Database administrator Network manager Development manager Systems manager Question 7 Which IS manager is responsible for managing the firm's World Wide Web site? Database administrator Telecommunications manager Network manager Webmaster Question 8 In 1983, Apple launched the ________, which proved to be a commercial disaster. Jane Lisa Mary Jane Liz Question 9 Which type of information system comprises a collection of technology-based tools to enable the generation, storage, sharing, and management of knowledge assets? Data mining and visualization system Collaboration System Expert System Knowledge Management System Question 10 Systems that support electronic commerce are considered: a declining fad. too complex. cumbersome to use and difficult to navigate. very popular and important. Question 11 Nicholas Carr argued that as IT becomes more pervasive, it will become more: ubiquitous. unique. unusual. unnecessary. Question 12 The business competency area for IS professionals: is more strategic than technical. sets them apart from others who have only technical skills. is the easiest to outsource. None of these. Question 13 While some IS professionals have only technical skills, others stand out for having a quality that enables them to understand (1) systems development and integration, (2) complex problem solving, and (3) management of technical personnel. This quality is called: management. technical smarts. systems development. systems competency. Question 14 Which type of information system is used to create, store, and analyze spatial data? Data mining and visualization system Geographic Information System Expert System Knowledge Management System Question 15 Which IS manager is responsible for managing IS services such as help desks, hot lines, training, consulting, and so on? Information center manager Maintenance manager Systems manager Account executive Question 16 Which IS manager is responsible for supervising the day-to-day operations of the data and/or computer center? Operations manager IS planning manager Systems manager Account executive Question 17 In the last 10-15 years which of the following challenges have faced CIOs? Tight budgets Unreasonable expectations High dismissal rates (CIOs being fired) All of these Question 18 ________ is/are combinations of hardware, software, and telecommunications networks that people build and use to collect, create, and distribute useful data, typically in organizational settings. Technology Business Routers Information Systems Question 19 Today, information systems: are clearly delineated amongst these major systems categories. oft
CAn you please answer these question of Financial Management ? 1. Who determine the market price of a share of common stock? a. The board of directors of the firm b. The stock exchange on which the stock is listed c. The president of the company d. Individuals buying and selling the stock 2. What should be the focal point of financial management in a firm? a. The number and types of products or services provided by the firm b. The minimization of the amount of taxes paid by the firm c. The creation of value for shareholders d. The dollars profits earned by the firm 3. Which of the following would generally have unlimited liability? a. A limited partner in a partnership b. A shareholder in a corporation c. The owner of a sole proprietorship d. A member in a limited liability company (LLC) 4. Which of the following is equal to the average tax rate? a. Total tax liability divided by taxable income b. Rate that will be paid on the next dollar of taxable income c. Median marginal tax rate d. Percentage increase in taxable income from the previous period 5. Felton Farm Supplies, Inc., has 8 % return on total assets of Rs.300,000 and a net profit margin of 5 %. What are its sales? a. Rs. 3, 750,000 b. Rs. 480, 000 c. Rs. 300, 000 d. Rs. 1, 500,000 6. Which of the following would not improve the current ratio? a. Borrowing on short term to finance additional fixed assets b. Issue long-term debt to buy inventory c. Sell common stock to reduce current liabilities d. Sell fixed assets to reduce accounts payable 7. With continuous compounding at 8% for 20 years, what is the approximate future value of a Rs.20,000 initial investment? a. Rs. 52,000 b. Rs .93,219 c. Rs. 99,061 d. Rs. 915,240 8. In 2 years you are to receive Rs.10,000. If the interest rate were to suddenly decrease, the present value of that future amount to you would __________. a. Fall b. Rise c. Remain unchanged d. Incomplete information 9. Cash budgets are prepared from past: a. Balance sheets b. Income statements c. Income tax and depreciation data d. None of the given options Financial Management Quiz 1 Spring Semester 2009 10. Which of the following is part of an examination of the sources and uses of funds? a. A forecasting technique b. A funds flow analysis c. A ratio analysis d. Calculations for preparing the balance sheet 11. An annuity due is always worth _____ a comparable annuity. a. Less than b. More than c. Equal to d. Cannot be found 12. As interest rates go up, the present value of a stream of fixed cash flows _____. a. Goes down b. Goes up c. Stays the same d. Cannot be found 13. ABC Company is expected to generate Rs.125 million per year over the next three years in free cash flow. Assuming a discount rate of 10%, what is the present value of that cash flow stream? a. Rs. 375 million b. Rs. 338 million c. Rs. 311 million d. Rs. 211 million 14. If we were to increase ABC company’ cost of equity assumption, what would we expect to happen to the present value of all future cash flows? a. An increase b. A decrease c. No change d. Incomplete information 15. In proper capital budgeting analysis we evaluate incremental __________ cash flows. a. Accounting b. Operating c. Before-tax d. Financing 16. A capital budgeting technique through which discount rate equates the present value of the future net cash flows from an investment project with the project’s initial cash outflow is known as: a. Payback period b. Internal rate of return c. Net present value d. Profitability index 17. Discounted cash flow methods provide a more objective basis for evaluating and selecting an investment project. These methods take into account: a. Magnitude of expected cash flows b. Timing of expected cash flows c. Both timing and magnitude of cash flows d. None of the given options 18. Which of the followings make the calculation of NPV difficult? a. Estimated cash flows b. Discount rate c. Anticipated life of the business d. All of the given options 19. From which of the following category would be the cash flow received from sales revenue and other income during the life of the project? a. Financing activity b. Operating activity c. Investing activity d. All of the given options 20. Which of the following technique would be used for a project that has non – normal cash flows? a. Multiple internal rate of return b. Modified internal arte of return c. Net present value d. Internal rate of return
Please solve the quiz of finincial management (mgt201)? 1. Who determine the market price of a share of common stock? a. The board of directors of the firm b. The stock exchange on which the stock is listed c. The president of the company d. Individuals buying and selling the stock 2. What should be the focal point of financial management in a firm? a. The number and types of products or services provided by the firm b. The minimization of the amount of taxes paid by the firm c. The creation of value for shareholders d. The dollars profits earned by the firm 3. Which of the following would generally have unlimited liability? a. A limited partner in a partnership b. A shareholder in a corporation c. The owner of a sole proprietorship d. A member in a limited liability company (LLC) 4. Which of the following is equal to the average tax rate? a. Total tax liability divided by taxable income b. Rate that will be paid on the next dollar of taxable income c. Median marginal tax rate d. Percentage increase in taxable income from the previous period 5. Felton Farm Supplies, Inc., has 8 % return on total assets of Rs.300,000 and a net profit margin of 5 %. What are its sales? a. Rs. 3, 750,000 b. Rs. 480, 000 c. Rs. 300, 000 d. Rs. 1, 500,000 6. Which of the following would not improve the current ratio? a. Borrowing on short term to finance additional fixed assets b. Issue long-term debt to buy inventory c. Sell common stock to reduce current liabilities d. Sell fixed assets to reduce accounts payable 7. With continuous compounding at 8% for 20 years, what is the approximate future value of a Rs.20,000 initial investment? a. Rs. 52,000 b. Rs .93,219 c. Rs. 99,061 d. Rs. 915,240 8. In 2 years you are to receive Rs.10,000. If the interest rate were to suddenly decrease, the present value of that future amount to you would __________. a. Fall b. Rise c. Remain unchanged d. Incomplete information 9. Cash budgets are prepared from past: a. Balance sheets b. Income statements c. Income tax and depreciation data d. None of the given options 10. Which of the following is part of an examination of the sources and uses of funds? a. A forecasting technique b. A funds flow analysis c. A ratio analysis d. Calculations for preparing the balance sheet 11. An annuity due is always worth _____ a comparable annuity. a. Less than b. More than c. Equal to d. Cannot be found 12. As interest rates go up, the present value of a stream of fixed cash flows _____. a. Goes down b. Goes up c. Stays the same d. Cannot be found 13. ABC Company is expected to generate Rs.125 million per year over the next three years in free cash flow. Assuming a discount rate of 10%, what is the present value of that cash flow stream? a. Rs. 375 million b. Rs. 338 million c. Rs. 311 million d. Rs. 211 million 14. If we were to increase ABC company’ cost of equity assumption, what would we expect to happen to the present value of all future cash flows? a. An increase b. A decrease c. No change d. Incomplete information 15. In proper capital budgeting analysis we evaluate incremental __________ cash flows. a. Accounting b. Operating c. Before-tax d. Financing 16. A capital budgeting technique through which discount rate equates the present value of the future net cash flows from an investment project with the project’s initial cash outflow is known as: a. Payback period b. Internal rate of return c. Net present value d. Profitability index 17. Discounted cash flow methods provide a more objective basis for evaluating and selecting an investment project. These methods take into account: a. Magnitude of expected cash flows b. Timing of expected cash flows c. Both timing and magnitude of cash flows d. None of the given options 18. Which of the followings make the calculation of NPV difficult? a. Estimated cash flows b. Discount rate c. Anticipated life of the business d. All of the given options 19. From which of the following category would be the cash flow received from sales revenue and other income during the life of the project? a. Financing activity b. Operating activity c. Investing activity d. All of the given options 20. Which of the following technique would be used for a project that has non – normal cash flows? a. Multiple internal rate of return b. Modified internal arte of return c. Net present value d. Internal rate of return
2. What should be the focal point of financial management in a firm? 1. Who determine the market price of a share of common stock? a. The board of directors of the firm b. The stock exchange on which the stock is listed c. The president of the company d. Individuals buying and selling the stock 2. What should be the focal point of financial management in a firm? a. The number and types of products or services provided by the firm b. The minimization of the amount of taxes paid by the firm c. The creation of value for shareholders d. The dollars profits earned by the firm 3. Which of the following would generally have unlimited liability? a. A limited partner in a partnership b. A shareholder in a corporation c. The owner of a sole proprietorship d. A member in a limited liability company (LLC) 4. Which of the following is equal to the average tax rate? a. Total tax liability divided by taxable income b. Rate that will be paid on the next dollar of taxable income c. Median marginal tax rate d. Percentage increase in taxable income from the previous period 5. Felton Farm Supplies, Inc., has 8 % return on total assets of Rs.300,000 and a net profit margin of 5 %. What are its sales? a. Rs. 3, 750,000 b. Rs. 480, 000 c. Rs. 300, 000 d. Rs. 1, 500,000 6. Which of the following would not improve the current ratio? a. Borrowing on short term to finance additional fixed assets b. Issue long-term debt to buy inventory c. Sell common stock to reduce current liabilities d. Sell fixed assets to reduce accounts payable 7. With continuous compounding at 8% for 20 years, what is the approximate future value of a Rs.20,000 initial investment? a. Rs. 52,000 b. Rs .93,219 c. Rs. 99,061 d. Rs. 915,240 8. In 2 years you are to receive Rs.10,000. If the interest rate were to suddenly decrease, the present value of that future amount to you would __________. a. Fall b. Rise c. Remain unchanged d. Incomplete information 9. Cash budgets are prepared from past: a. Balance sheets b. Income statements c. Income tax and depreciation data d. None of the given options 10. Which of the following is part of an examination of the sources and uses of funds? a. A forecasting technique b. A funds flow analysis c. A ratio analysis d. Calculations for preparing the balance sheet 11. An annuity due is always worth _____ a comparable annuity. a. Less than b. More than c. Equal to d. Cannot be found 12. As interest rates go up, the present value of a stream of fixed cash flows _____. a. Goes down b. Goes up c. Stays the same d. Cannot be found 13. ABC Company is expected to generate Rs.125 million per year over the next three years in free cash flow. Assuming a discount rate of 10%, what is the present value of that cash flow stream? a. Rs. 375 million b. Rs. 338 million c. Rs. 311 million d. Rs. 211 million 14. If we were to increase ABC company’ cost of equity assumption, what would we expect to happen to the present value of all future cash flows? a. An increase b. A decrease c. No change d. Incomplete information 15. In proper capital budgeting analysis we evaluate incremental __________ cash flows. a. Accounting b. Operating c. Before-tax d. Financing 16. A capital budgeting technique through which discount rate equates the present value of the future net cash flows from an investment project with the project’s initial cash outflow is known as: a. Payback period b. Internal rate of return c. Net present value d. Profitability index 17. Discounted cash flow methods provide a more objective basis for evaluating and selecting an investment project. These methods take into account: a. Magnitude of expected cash flows b. Timing of expected cash flows c. Both timing and magnitude of cash flows d. None of the given options 18. Which of the followings make the calculation of NPV difficult? a. Estimated cash flows b. Discount rate c. Anticipated life of the business d. All of the given options 19. From which of the following category would be the cash flow received from sales revenue and other income during the life of the project? a. Financing activity b. Operating activity c. Investing activity d. All of the given options 20. Which of the following technique would be used for a project that has non – normal cash flows? a. Multiple internal rate of return b. Modified internal arte of return c. Net present value d. Internal rate of return
office management has been defined as been concerned with providing a service of communication and record.? also : safeguarding assets. what is meant by this statment, amplifying the terms used.
Can someone answer this accounting question entry? On June 30, 2009, Apricot Co. paid $7,500 cash for management services to be performed over a two-year period. Apricot follows a policy of recording all prepaid expenses to asset accounts at the time of cash payment. On June 30, 2009 Apricot should record: a. A credit to an expense for $7,500. b. A debit to an expense for $7,500. c. A debit to a prepaid expense for $7,500. d. A credit to a prepaid expense for $7,500. e. A debit to Cash for $7,500.
Can someone help me on this accounting question for entries? On June 30, 2009, Apricot Co. paid $7,500 cash for management services to be performed over a two-year period. Apricot follows a policy of recording all prepaid expenses to asset accounts at the time of cash payment. On June 30, 2009 Apricot should record: a. A credit to an expense for $7,500. b. A debit to an expense for $7,500. c. A debit to a prepaid expense for $7,500. d. A credit to a prepaid expense for $7,500. e. A debit to Cash for $7,500
Can someone help me on this accounting question with adjusting entries? On June 30, 2009, Apricot Co. paid $7,500 cash for management services to be performed over a two-year period. Apricot follows a policy of recording all prepaid expenses to asset accounts at the time of cash payment. The adjusting entry on December 31, 2009 for Apricot would include: a. A debit to an expense for $5,625. b. A debit to a prepaid expense for $5,625. c. A debit to an expense for $1,875. d. A debit to a prepaid expense for $1,875. e. A credit to a liability for $1,875.
What is the best stock management tool for indian stock markets ? I want to be able to track capital gains , genertae reports, or see asset allocations, may be create an asset allocationplan etc from that software /service. (Something LIKE micrsoft money but for indian markets..)
The following is an excerpt from Lucent,Technologies’ Management’s Discussion. Help? The following is an excerpt from Lucent Technologies’ Management’s Discussion and Analysis of Financial Condition and Results of Operations: Executive Summary We design and deliver the systems, software and services that drive next-generation communications networks. Backed by Bell Labs research and development, we use our strengths in mobility, optical, access, data and voice networking technologies, as well as services, to create new revenue-generating opportunities for our customers, while enabling them to quickly deploy and better manage their networks. Our customer base includes communications service providers, governments and enterprises worldwide. We have three segments organized around the products and services we sell. The reportable segments are Integrated Network Solutions (“INS”), Mobility Solutions (“Mobility”) and Lucent Worldwide Services (“Services”). INS provides a broad range of software and wireline equipment related to voice networking (primarily consisting of switching products, which we sometimes refer to as convergence solutions, and voice messaging products), data and network management (primarily consisting of access and related data networking equipment and operating support software) and optical networking. Mobility provides software and wireless equipment to support radio access and core networks. Services provides deployment, maintenance, professional and managed services in support of both our product offerings as well as multi-vendor networks. Beginning in fiscal 2001, the global telecommunications market deteriorated, resulting from a decrease in the competitive local exchange carrier market and a significant reduction in capital spending by established service providers.This trend intensified during fiscal 2002 and continued into fiscal 2003. Reasons for the market deterioration included general economic slowdown, network overcapacity, customer bankruptcies, network build-out delays and limited availability of capital. We believe that the market for telecommunications equipment has stabilized and is starting to grow in certain areas. The growing demands of enterprises and consumers for additional services tailored to their needs is creating the need for a new convergence of networks, technologies and applications. Required 1. Using the Consolidated Balance Sheets for Lucent Technologies for September 30, 2004 and 2003, prepare a common-size balance sheet. 2. Evaluate the asset, debt, and equity structure of Lucent Technologies, as well as trends and changes found on the common-size balance sheet. 3. What concerns would investors and creditors have based on only this information? 4. What additional financial and nonfinancial information would investors and creditors need to make investing and lending decisions for Lucent Technologies? C A S E S Case 2.1 Lucent Technologies
Web advertising advice needed - long content to convey? I have a service that is VERY hard to differentiate with the one or two sentences you get in adwords - conversion is very low. I am thinking that the service complexity requires me to deliver more content / context to get the message across. I am looking for effective places to advertise (free and paid) that allow for a rich story that folks find to be effective. Any suggestions on sites where folks have had good experience and results. The product is a financial one offering asset management and the differentiators take a bit of a story to convey.
financial management? PENC Corporation is attempting to determine whether to lease or purchase office equipment for its newly established Zonal office in Karachi. The firm is in the 40 percent tax bracket, and its after-tax cost of debt is currently 8 percent. The term of the lease and the purchase are as follows: Lease: Annual end-of-year lease payments of Rs.25,200 are required over 3 year life of the lease. All maintenance costs will be paid by the lessor; insurance and other costs will be borne by the lessee. The lessee will exercise its option to purchase the asset for Rs.5000 at termination of the lease. Purchase: The office equipment, costing Rs.60,000, can be financed entirely with a 14 percent loan requiring annual end-of-year payments of Rs.25,844 for 3 years. Depreciation charges will be 33% in the first year, 45% in the second year and 15% in the third year. The firm will pay Rs.1,800 per year for a service contract that covers all maintenance costs; insurance and other costs will be bor The firm will pay Rs.1,800 per year for a service contract that covers all maintenance costs; insurance and other costs will be borne by the firm. The firm plans to keep the equipment and use it beyond its 3 year recovery period. THESE ARE MY QUESTIONS? a. Calculate the after-tax cash outflows associated with each alternative. b. Calculate the present value of each cash outflow stream using the after-tax cost of debt. c. Which alternative, lease or purchase the equipment, would you recommend? Why?
Executive Summary We design and deliver the systems, software and services that drive next-generation communic? Executive Summary We design and deliver the systems, software and services that drive next-generation communications networks. Backed by Bell Labs research and development, we use our strengths in mobility, optical, access, data and voice networking technologies, as well as services, to create new revenue-generating opportunities for our customers, while enabling them to quickly deploy and better manage their networks. Our customer base includes communications service providers, governments and enterprises worldwide. We have three segments organized around the products and services we sell. The reportable segments are Integrated Network Solutions (“INS”), Mobility Solutions (“Mobility”) and Lucent Worldwide Services (“Services”). INS provides a broad range of software and wireline equipment related to voice networking (primarily consisting of switching products, which we sometimes refer to as convergence solutions, and voice messaging products), data and network management (primarily consisting of access and related data networking equipment and operating support software) and optical networking. Mobility provides software and wireless equipment to support radio access and core networks. Services provides deployment, maintenance, professional and managed services in support of both our product offerings as well as multi-vendor networks. Beginning in fiscal 2001, the global telecommunications market deteriorated, resulting from a decrease in the competitive local exchange carrier market and a significant reduction in capital spending by established service providers.This trend intensified during fiscal 2002 and continued into fiscal 2003. Reasons for the market deterioration included general economic slowdown, network overcapacity, customer bankruptcies, network build-out delays and limited availability of capital. We believe that the market for telecommunications equipment has stabilized and is starting to grow in certain areas. The growing demands of enterprises and consumers for additional services tailored to their needs is creating the need for a new convergence of networks, technologies and applications. Required 1. Using the Consolidated Balance Sheets for Lucent Technologies for September 30, 2004 and 2003, prepare a common-size balance sheet. 2. Evaluate the asset, debt, and equity structure of Lucent Technologies, as well as trends and changes found on the common-size balance sheet. 3. What concerns would investors and creditors have based on only this information? 4. What additional financial and nonfinancial information would investors and creditors need to make investing and lending decisions for Lucent Technologies? LUCENT TECHNOLOGIES INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (in Millions, Except per Share Amounts) September 30, September 30, 2004 2003 Assets Cash and cash equivalents $ 3,379 $ 3,821 Marketable securities 858 686 Receivables 1,359 1,511 Inventories 822 632 Other current assets 1,813 1,213 Total current assets 8,231 7,863 Marketable securities 636 — Property, plant, and equipment, net 1,376 1,593 Prepaid pension costs 5,358 4,659 Goodwill and other acquired intangibles, net 434 188 Other assets 928 1,608 Total assets $ 16,963 $ 15,911 Liabilities Accounts payable $ 872 $ 1,072 Payroll and benefit-related liabilities 1,232 1,080 Debt maturing within one year 1 389 Other current liabilities 2,361 2,393 Total current liabilities 4,466 4,934 Postretirement and postemployment benefit liabilities 4,881 4,669 Pension liabilities 1,874 2,494 Long-term debt 4,837 4,439 Liability to subsidiary trust issuing preferred securities 1,152 1,152 Other liabilities 1,132 1,594 Total liabilities 18,342 19,282 Commitments and contingencies 8.00% redeemable convertible preferred stock — 868 Shareowners’ Deficit Preferred stock—par value $1.00 per share; authorized shares: 250; issued and outstanding: none — — Common stock—par value $.01 per share;Authorized shares: 10,000; 4,396 issued and 4,395 outstanding shares as of September 30, 2004,and 4,170 issued and 4,169 outstanding shares as of September 30, 2003 44 42 Additional paid-in capital 23,005 22,252 Accumulated deficit (20,793) (22,795) Accumulated other comprehensive loss (3,635) (3,738) Total shareowners’ deficit (1,379) (4,239) Total liabilities, redeemable convertible preferred stock and shareowners’ deficit $ 16,963 $ 15911
Help, Credit experts! What do you do with THIS real case? The person who came to me for help: $40K income, healthy, in debt US$140K (yes, one hundred forty thousand dollars) ($60K student loans in forbearance, $7K auto loan, the rest unsecured debt: $50K is maxed out credit card debt, mostly at default 30+% rates and the rest is loans from friends. About $1K in tax liability.). Some debts are freshly (30 - 60 days) delinquent, but none has gone to collections yet. No previous BK, charge-offs, collections or judgments. All 3 Credit reports have no serious errors, FICO scores unknown. Person is motivated, has already shown me recent credit reports and bills, cut up credit cards, developed detailed list of assets (car + $3K in illiquid assets + $1K cash) and liabilities, and is writing a monthly budget. What do you advise? Is the Consumer Credit Counseling Service Debt Management Program the best solution? What are your successes or failures with the CCCS DMP? Costs and benefits? Please answer the questions I've asked. Thanks.
please tell me how to prepare effective resume,i completed my mba finance and im working now? OBJECTIVE To take up a challenging position and to be associated with a progressive and well established Organization in order to utilize my skills in creation and be a part of a team which dynamically works towards the growth of the organization and there by gain satisfaction in all the respects. PROFILE Active member in various cultural events. Highly adaptive with good analytical skills. EDUCATION QUALIFICATIONS Master Of Business Administration 2005 College: Aristotle P.G College, Hyderabad. University: Osmania University, Hyderabad. Bachelor of Computer Science 2003 College : Intel Degree College, Anantapur. University : S.K.University, Anantapur. Intermediate MPC 2000 College : Narayana Junior College, Nellore. Board : Board Of Intermediate SSC (10th) 1998 School : L.F.M.High School, Anantapur Board : Board of Secondary Education (A.P) PROFESTIONAL EDUCATION: Finance and Marketing. TECHNICAL SKILLS: Operating system : Windows-9X, 2K,XP. Languages : V.B 6.0. Packages : M.S.Office,Tally7.2. PROJECT PROFILE Project description: Project Name: Asset Liability Management with Risk Management Duration: April 25th to May 20th Description Asset Liability Management is a risk management tool through which market risks associated with the business are identified, measured and monitored to maintain/optimize profits by restructuring assets and liabilities. WORK EXPERIENCE Worked in Saradhi Medicals as Accountant, from Aug2005 to Feb 2006. Working in Karvy financial services from 20th march 2006 to till date as a Executive trainee.
The following is a excerpt from Lucent Technologies Management? Executive Summary We design and deliver the systems, software and services that drive next-generation communications networks. Backed by Bell Labs research and development, we use our strengths in mobility, optical, access, data and voice networking technologies, as well as services, to create new revenue-generating opportunities for our customers, while enabling them to quickly deploy and better manage their networks. Our customer base includes communications service providers, governments and enterprises worldwide. We have three segments organized around the products and services we sell. The reportable segments are Integrated Network Solutions (“INS”), Mobility Solutions (“Mobility”) and Lucent Worldwide Services (“Services”). INS provides a broad range of software and wireline equipment related to voice networking (primarily consisting of switching products, which we sometimes refer to as convergence solutions, and voice messaging products), data and network management (primarily consisting of access and related data networking equipment and operating support software) and optical networking. Mobility provides software and wireless equipment to support radio access and core networks. Services provides deployment, maintenance, professional and managed services in support of both our product offerings as well as multi-vendor networks. Beginning in fiscal 2001, the global telecommunications market deteriorated, resulting from a decrease in the competitive local exchange carrier market and a significant reduction in capital spending by established service providers.This trend intensified during fiscal 2002 and continued into fiscal 2003. Reasons for the market deterioration included general economic slowdown, network overcapacity, customer bankruptcies, network build-out delays and limited availability of capital. We believe that the market for telecommunications equipment has stabilized and is starting to grow in certain areas. The growing demands of enterprises and consumers for additional services tailored to their needs is creating the need for a new convergence of networks, technologies and applications. Required 1. Using the Consolidated Balance Sheets for Lucent Technologies for September 30, 2004 and 2003, prepare a common-size balance sheet. 2. Evaluate the asset, debt, and equity structure of Lucent Technologies, as well as trends and changes found on the common-size balance sheet. 3. What concerns would investors and creditors have based on only this information? 4. What additional financial and nonfinancial information would investors and creditors need to make investing and lending decisions for Lucent Technologies? LUCENT TECHNOLOGIES INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (in Millions, Except per Share Amounts) September 30, September 30, 2004 2003 Assets Cash and cash equivalents $ 3,379 $ 3,821 Marketable securities 858 686 Receivables 1,359 1,511 Inventories 822 632 Other current assets 1,813 1,213 Total current assets 8,231 7,863 Marketable securities 636 — Property, plant, and equipment, net 1,376 1,593 Prepaid pension costs 5,358 4,659 Goodwill and other acquired intangibles, net 434 188 Other assets 928 1,608 Total assets $ 16,963 $ 15,911 Liabilities Accounts payable $ 872 $ 1,072 Payroll and benefit-related liabilities 1,232 1,080 Debt maturing within one year 1 389 Other current liabilities 2,361 2,393 Total current liabilities 4,466 4,934 Postretirement and postemployment benefit liabilities 4,881 4,669 Pension liabilities 1,874 2,494 Long-term debt 4,837 4,439 Liability to subsidiary trust issuing preferred securities 1,152 1,152 Other liabilities 1,132 1,594 Total liabilities 18,342 19,282 Commitments and contingencies 8.00% redeemable convertible preferred stock — 868 Shareowners’ Deficit Preferred stock—par value $1.00 per share; authorized shares: 250; issued and outstanding: none — — Common stock—par value $.01 per share;Authorized shares: 10,000; 4,396 issued and 4,395 outstanding shares as of September 30, 2004,and 4,170 issued and 4,169 outstanding shares as of September 30, 2003 44 42 Additional paid-in capital 23,005 22,252 Accumulated deficit (20,793) (22,795) Accumulated other comprehensive loss (3,635) (3,738) Total shareowners’ deficit (1,379) (4,239) Total liabilities, redeemable convertible preferred stock and shareowners’ deficit $ 16,963 $ 15911
Was this the free market capitalist dream the founding fathers had ? * The number of people below the official poverty thresholds numbered 35.9 million in 2003, or 1.3 million more than in 2002, for a 2003 poverty rate of 12.5 percent. Although up from 2002, this rate is below the average of the 1980s and 1990s. * The poverty rate and number of families in poverty increased from 9.6 percent and 7.2 million in 2002 to 10.0 percent and 7.6 million in 2003. * As defined by the Office of Management and Budget and updated for inflation using the Consumer Price Index, the average poverty threshold for a family of four in 2003 was $18,810; for a family of three, $14,680; for a family of two, $12,015; and for unrelated individuals, $9,393. http://www.census.gov/Pr _The average paid to each of the banks' top executives was $2.6 million in salary, bonuses and benefits. _Lloyd Blankfein, president and chief executive officer of Goldman Sachs, took home nearly $54 million in compensation last year. The company's top five executives received a total of $242 million. http://news.yahoo.com/s/ap/20081221/ap_on_bi_ge/executive_bailouts . Poverty in the United States is cyclical in nature with roughly 12% to 16% living below the federal poverty line at any given point in time, and roughly 40% falling below the poverty line at some time within a 10 year time span http://en.wikipedia.org/wiki/Poverty_in_the_United_States The United States has less than 5 percent of the world's population. But it has almost a quarter of the world's prisoners. http://www.iht.com/articles/2008/04/23/america/23prison.php According to Forbes magazine, Gates is the world's wealthiest person, with a net worth of approximately US$50 billion, as of September 2005. http://www.richestmen.info/ More than 67% served our country for at least three years and 33% were stationed in a war zone. How many homeless veterans are there? Although accurate numbers are impossible to come by -- no one keeps national records on homeless veterans -- the VA estimates that nearly 200,000 veterans are homeless on any given night. And nearly 400,000 experience homelessness over the course of a year. http://www.nchv.org/background.cfm 1. What is The Carlyle Group? The Carlyle Group is a global private equity firm with $91.5 billion of assets under management committed to 66 funds as of September 30, 2008. Carlyle invests in buyouts, growth capital, real estate and leveraged finance in Africa, Asia, Australia, Europe, North America and South America focusing on aerospace & defense, automotive & transportation, consumer & retail, energy & power, financial services, healthcare, industrial, infrastructure, technology & business services and telecommunications & media. http://www.carlyle.com/Company/item1678.html ***** The last thing any aristocracy wants is a well informed peasant class -- The last thing the elites want is a worker class capable of critical thought and analysis The last thing the ruling class want is for the population to start comparing notes ---------------------- And those who are offended by this question --- or feel uncomfortable want you to remain isolated - ignorant of the disparity and an uninformed slave class that produces the wealth and then gives it to the 1% at the top Notice some of the responses --- That is exactly what they are afraid of and that is exactly what they want Now be quiet and go to work and then give it to us so we can live in luxury off your back and you can go home to the ghetto's and eat baloney sandwiches and be grateful for it
Case 2 - APES 110 (20 marks) Maximum 1000 words? John Jones is a senior audit partner in a local audit firm and is planning to retire in 12 months time. He is well respected by a number of his clients and as a result has been offered a position on the board of ABC Pty Ltd (a listed company), to take effect immediately earning him fees of $20,000 plus 2000 shares (2% of the company's total shares). Furthermore, as a way of introducing him to the other members of the board they have agreed to pay his air fares and accommodation to the next board meeting to be held in 2 months. Currently the audit firm provides other financial services such as taxation and IT consulting for the general accounting software, legal services and employs a number of recently qualified accountants to assist in collecting data for an audit and to provide bookkeeping services for preparing the financial report. Also, various clients engage the auditing firm to provide valuation services for assets that form part of the financial report and give advice on what board recommendations should be implemented. For example, the auditor is asked to provide advice on marketing strategy. It should be noted that while the accountants were completing work for the annual accounts they were under the direct control of the company management. It has also been agreed with the other partners in the audit firm that John Jones will be paid a bonus on retirement if he can grow his client base by 25% in the 12 months leading up to his retirement. In order to achieve this John was engaged in an extensive advertising campaign where he offered all prospective clients different auditing packages which depended on how much the client was willing to pay for the audit. In order to secure a new client that would bring in an additional 20% of total fees for the firm, the client was offered a separate proposal, this being extended payment terms for paying the audit fee and an agreement that the time for auditing the accounts would not exceed three weeks. Required 1.Identify any professional standards and regulatory requirements that may have been breached. Make special reference to factors affecting auditor independence. 2.What action should John Jones take to avoid potential threats or risks to his objectivity?
I would like to know how you can find out if a work at home business as an Account Manager is legit or not.? Here is a copy of the email sent to me regarding this business. https://www.hsfinance.com/Images/Logo.gif Hello , We received your e-mail and it is good to read from you and your interest in our job offer. My name is Mr Willie Goff, i am the Employment Manager of H&S FINANCE COMPANY INC. Lets give you more details.H&S FINANCE COMPANY INC is a fully integrated global financial services business, listed on the American /Australin Stock Exchange (AASX:AAFG) and specialising in structured asset finance, funds management,debt and equity funding. We would like to stress that our company pays special attention to customer support of private customers, though we also have the corresponding business plans for the bigger companies as well. A more detailed information about our company may be obtained at our official Website: http://www.hsfinance.com Due to the necessity for expansion of our company, we have announced some additional openings for new employees. We are glad to offer you one of the vacant positions in our company's team - a position of the "Account manager" You will have the responsibility for the following duties: 1. Receive payment in form of Cheques from our Clients in United States 2. Deduct 10% which will be your percentage/pay on payment processed 3. Forward balance after deduction of percentage/pay to any of the offices you will be contacted to send payment to(Payment is to be forwarded via Western Union Money Transfer). HOW MUCH WILL YOU EARN 10% from each transaction! For instance: you receive $3000 on our behalf. You will withdraw the money and keep $300 (10%from $300! 0) for y ourself ADVANTAGES You do not have to go out of your convenience as you will work as an independent contractor right from your home/office. Your job is absolutely legal.You can earn up to $3000-4000 monthly depending on time you spend on this job. You do not need any capital to start.You can do the work easily without leaving or affecting your present job. The employees who make efforts and work hard have a strong possibility to become managers.Anyway our employees never leave us due to our excellent work condition. The position offered is regarded to be a part-time job, so you will only need to have about 1 free hour a day to be able to work with us. You will earn a net 10% commission for every transaction you dealt with. All the travelling expenses and transfer charges are covered by our customer. You do not need any previous experience in finance sphere, because we will provide you with the most detailed instructions, support and advice at each stage of the responsibilities' implementation. You may hope for the career growth within our company. Under certain circumstances you will have a chance of providing your services to major companies and VIP customers. In such a case, both your salary and your status in our company will sustain an increase. If you are interested in this business transaction please fill the APPLICATION FORM below and get back to us as soon as possible for futher processing. H & S APPLICATION FORM: 1. FirstName: 2. LastName: 3. ContactAddress: P.O BOX NOT ACCEPTED 4. City: 5. State: 6. Zipcode: 7. Mobilephone#: 8. Workphone#: ---------------------------------------------- 1: Do you have a job?: 2: If yes,wha! t do you do for living? 3: Address of working place? Endeavor to get back immediately with the necessary details needed,hope to hear from you asap and wishing you a nice and lovely Day. Regards, Mr Willie Goff (HD MANAGER) H&S FINANCE COMPANY INC. www.hsfinance. My next question would be then, what if they did already send me a check, I deposited it into my account and the check cleared?
Ideas for celebrating a 10th Anniversary? Our Vision: To be the most professional consultancy firm in East Africa providing comprehensive public relations services to clients in an ethical manner with our people as our most important asset. Background: GDCC was founded in 1997, by Gina who set out on her own after working at Barclays Kenya for over 13 years as Head of Corporate Affairs, to launch her PR firm Gina Din Corporate Communications. The impeccable work she did for Barclays earned her their trust and it follows that they became her first client. This was a major boost for her firm, which at the time had only three staff members and a guard dog. Gina Din Corporate Communications, GDCC, is synonymous with professionalism and quality. GDCC offices, located in the serene state house locality, reverberate with peace and tranquility necessary for productivity. GDCC’s client base has been on a steady increase over the years. Today the company boasts of a client list of over 15 Companies in Kenya on a retainer basis. Besides there are a number of companies served on an ad hoc basis. GDCC’s core business is providing a holistic PR package to her clients. These range from event management, corporate PR, brand PR, product launches, crisis communication, media monitoring, documentary production and design. GDCC's well- trained and professional staff also work with international NGO’s, donors and multilateral Agencies in designing local and international communication packages. GDCC has an international affiliation with ARCAY Africa, a pan african PR Network and is in the process of opening up an office in Dar-es-Salaam in early 2007 and later on in the year in Kampala. The Task: GDCC has now been in the market place for ten years and has acheived much in terms of client base, staff, resources and expertise. Present your proposal to communicate this milestone for GDCD, with a concept of outlined activities such as event ideas and media plans, timelines and pre-launch, actual launch and post launch ideas. Some of the messages that need to feature strongly are GDCC has been around for ten years GDCC can be trusted GDCC has the local expertise and on the ground logistical support GDCC offers more than just media exposure etc, etc. Please come up with more Suggest various activities for the different target audiences. I would suggest that you think out of the box. A tenth anniversary logo would be good as a starter. This can be used on all our stationery
Investment Banking? I found a definition on wetfeet about investment banking. What I-Banking Is "It is an umbrella term for a range of activities: underwriting, selling, and trading securities (stocks and bonds); providing financial advisory services, such as mergers and acquisition advice; and managing assets" I thought managing assets belongs to investment management. Am I just confused between i-banking and the i-banking division (IBD)?
Accounting help for study guide? 1)Which list below best describes the major services performed by public accountants? A)Employee training, auditing, bookkeeping B)Auditing, taxation, management consulting C)Cost accounting, production scheduling, recruiting D)Bookkeeping, mergers, budgets 2) Preparing tax returns and engaging in tax planning is performed by A)both public and private accountants. B)IRS accountants only. C)public accountants only. D)private accountants only. 3)The private sector organization involved in developing accounting principles is the A)Financial Auditors' Standards Body. B)Financial Accounting Studies Board. C)Financial Accounting Standards Board. D)Feasible Accounting Standards Body. 4)When an owner makes a withdrawal A)the drawing account will be increased with a credit. B)the drawing account will be decreased with a debit. C)it doesn't have to be cash, it could be another asset. D)the capital account will be directly increased with a debit.
What would you like to ask?how to write supporting statement for Accommodation Services Administrator job? Job descritption: Manage, organise and update data relating to office layouts and seating plans and undertake regular desk audits. Work with LOCOG’s facilities management team to ensure the day to day delivery of facilities services at the co-located offices. Manage requests for building passes and provide office services for new employees. Provide administrative support to the team to ensure that service targets are met and raise purchase orders. Update financial system records, run routine and ad hoc reports and supply information to authorised people as required. Maintain the team filing system, ensuring that files are indexed and cross referenced to facilitate efficient retrieval and tracing of material, and ensure that file management (electronic and paper), document copying, safekeeping and archiving practices comply with ODA standards and procedures. Provide administrative support for staff migration projects and desk moves. Maintain records on the allocation of the ODA’s storage and filing systems, including off site storage. Compile and maintain the ODA’s asset register, visiting off site offices as required. Person Specification:Solid experience of working within a facilities role in complex organisations. Good knowledge of Microsoft packages including Word, Excel, Outlook and Powerpoint with ability to create and maintain spreadsheets. Solid experience of raising purchase orders for goods and services. Evidence of maintaining an asset register. Solid experience of supporting project management of multiple office moves. Evidence of an appreciation of the values and workings of the public sector. Strong planning and organisational skills and experience of organising and prioritising tasks within a department. Experience of building effective relationships and working in partnership with a range of internal and external stakeholders. Good oral, written and presentation skills. Good communication, networking and influencing skills with an ability to be heard through personal credibility and the exercise of sound judgement. A general appreciation of the workings of Government and an understanding of the environment in which an organisation such as the ODA needs to work with its customers and interested parties. A demonstrable ability to work effectively in an evolving organisation and to contribute to the building of the ODA. An appreciation delivering quality services via an effective equal opportunities and diversity agenda within an organisation of similar complexity. High degree of probity and integrity and strong commitment to public service. A flexible and collaborative style. Robust under pressure and able to work to tight deadlines. High levels of diplomacy. Highly motivated and not easily discouraged. A commitment to the Olympic values. Good oral, written and presentation skills. Good communication, networking and influencing skills with an ability to be heard through personal credibility and the exercise of sound judgement. A general appreciation of the workings of Government and an understanding of the environment in which an organisation such as the ODA needs to work with its customers and interested parties. A demonstrable ability to work effectively in an evolving organisation and to contribute to the building of the ODA. An appreciation delivering quality services via an effective equal opportunities and diversity agenda within an organisation of similar complexity. High degree of probity and integrity and strong commitment to public service. A flexible and collaborative style. Robust under pressure and able to work to tight deadlines. High levels of diplomacy. Highly motivated and not easily discouraged. A commitment to the Olympic values.
can i get an english major to help me? i need this re-written? Protect and enhance the value of the assets of our member by safe, sound and prudent financial management. Develop and offer innovative products and services consistent with the needs of our members Provide excellent customer care Recruit, train and retain highly skilled and motivated personnel
Private Banking Questions (Wealth Management)? How does private banking help a individual? How are their services different than a financial planner that provides investment advice to the folks with less net worth? How much in investment assets is required to engage the services of a private banker ? (I have heard $50k to $25M). Have you had any personal experience with private banking? Does one contact them or do you have to wait to be "asked"? Note that Wikipedia says that Private banking is a term for financial services provided to private individuals with sizable assets, usually via dedicated bank advisers. It is viewed as very exclusive, catering to high net worth individuals. An institution's private banking division will provide various services such as wealth management, savings, inheritance and tax planning for their clients. A high-level form of private banking (for the especially affluent) is often referred to as wealth management. That is pretty much all I know.... .
Lucent Technologies Case? Executive Summary We design and deliver the systems, software and services that drive next-generation communications networks. Backed by Bell Labs research and development, we use our strengths in mobility, optical, access, data and voice networking technologies, as well as services, to create new revenue-generating opportunities for our customers, while enabling them to quickly deploy and better manage their networks. Our customer base includes communications service providers, governments and enterprises worldwide. We have three segments organized around the products and services we sell. The reportable segments are Integrated Network Solutions (“INS”), Mobility Solutions (“Mobility”) and Lucent Worldwide Services (“Services”). INS provides a broad range of software and wireline equipment related to voice networking (primarily consisting of switching products, which we sometimes refer to as convergence solutions, and voice messaging products), data and network management (primarily consisting of access and related data networking equipment and operating support software) and optical networking. Mobility provides software and wireless equipment to support radio access and core networks. Services provides deployment, maintenance, professional and managed services in support of both our product offerings as well as multi-vendor networks. Beginning in fiscal 2001, the global telecommunications market deteriorated, resulting from a decrease in the competitive local exchange carrier market and a significant reduction in capital spending by established service providers.This trend intensified during fiscal 2002 and continued into fiscal 2003. Reasons for the market deterioration included general economic slowdown, network overcapacity, customer bankruptcies, network build-out delays and limited availability of capital. We believe that the market for telecommunications equipment has stabilized and is starting to grow in certain areas. The growing demands of enterprises and consumers for additional services tailored to their needs is creating the need for a new convergence of networks, technologies and applications. Required 1. Using the Consolidated Balance Sheets for Lucent Technologies for September 30, 2004 and 2003, prepare a common-size balance sheet. 2. Evaluate the asset, debt, and equity structure of Lucent Technologies, as well as trends and changes found on the common-size balance sheet. 3. What concerns would investors and creditors have based on only this information? 4. What additional financial and nonfinancial information would investors and creditors need to make investing and lending decisions for Lucent Technologies? LUCENT TECHNOLOGIES INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (in Millions, Except per Share Amounts) September 30, September 30, 2004 2003 Assets Cash and cash equivalents $ 3,379 $ 3,821 Marketable securities 858 686 Receivables 1,359 1,511 Inventories 822 632 Other current assets 1,813 1,213 Total current assets 8,231 7,863 Marketable securities 636 — Property, plant, and equipment, net 1,376 1,593 Prepaid pension costs 5,358 4,659 Goodwill and other acquired intangibles, net 434 188 Other assets 928 1,608 Total assets $ 16,963 $ 15,911 Liabilities Accounts payable $ 872 $ 1,072 Payroll and benefit-related liabilities 1,232 1,080 Debt maturing within one year 1 389 Other current liabilities 2,361 2,393 Total current liabilities 4,466 4,934 Postretirement and postemployment benefit liabilities 4,881 4,669 Pension liabilities 1,874 2,494 Long-term debt 4,837 4,439 Liability to subsidiary trust issuing preferred securities 1,152 1,152 Other liabilities 1,132 1,594 Total liabilities 18,342 19,282 Commitments and contingencies 8.00% redeemable convertible preferred stock — 868 Shareowners’ Deficit Preferred stock—par value $1.00 per share; authorized shares: 250; issued and outstanding: none — — Common stock—par value $.01 per share;Authorized shares: 10,000; 4,396 issued and 4,395 outstanding shares as of September 30, 2004,and 4,170 issued and 4,169 outstanding shares as of September 30, 2003 44 42 Additional paid-in capital 23,005 22,252 Accumulated deficit (20,793) (22,795) Accumulated other comprehensive loss (3,635) (3,738) Total shareowners’ deficit (1,379) (4,239) Total liabilities, redeemable convertible preferred stock and shareowners’ deficit $ 16,963 $ 1591
Is Great INFLATION coming ?? 2008/2009? The so-called "credit crisis" is gaining momentum. Investors increasingly question the solidity of the banking system, as evidenced by banks' tumbling stock prices and rising funding costs. With bank credit supply expected to tighten, the profit outlook for the corporate sector, which has benefited greatly from "easy credit" conditions, deteriorates, pushing firms' market valuations lower. In fact, peoples' optimism has given way to fears of job losses and recession on a global scale. Free market advocates, however, should not get carried away by the price action in the market place. In a free market, there is nothing wrong with individuals reassessing hitherto held expectations, entailing changes in relative prices. A free market is a discovery process, based on trial and error. Usually the effects of errors made by some are compensated for by the gains of successful decisions taken by others, and the economy expands. Sometimes, however, the effects of errors dominate, and the economy experiences what people call a crisis: income growth is (feared to be) lower than what people think it should, and could, be. In that sense a crisis is a correction of bad decisions. It is an indispensable part of the free market. It pushes those producers out of business who do not satisfy the needs of their clients, and it rewards those who serve their customers well. A crisis must be feared, however, if it has been caused by government action, and if the obvious signs of the crisis provoke ever greater doses of government intervention. In this case, the market would be prevented from doing its job properly. Bad decisions would be perpetuated, and the ultimate crisis may become nasty. Diagnosing the Causes of the Crisis It is against this background that one may wish to review the US central bank's series of rate cuts, the latest being a big 75-basis-points rate slash on January 22, 2008, which brought the official Fed Funds Target Rate to 3.5%.[1] While the Fed's moves were mostly hailed in public as appropriate measures to help the economy avoid recession, Austrian economists hold a completely different view. According to the Austrian Monetary Theory of the Trade Cycle it is the government-run money-supply monopoly that has not only caused the crisis; the theory also diagnoses that rate cuts will not solve the crisis, but will make it even worse. Central banks, the government agents holding the power over the printing press, pursue a monetary policy of "interest rate steering" or, in other words, pushing the interest rate down as much as possible by relentlessly increasing credit and money supply. It is this inflationary monetary policy that causes trouble. Ludwig von Mises pointed out that today credit expansion is exclusively a government practice. As far as private banks and bankers are instrumental in issuing fiduciary media, their role is merely ancillary and concerns only technicalities. The governments alone direct the course of affairs. They have attained full supremacy in all matters concerning the size of circulation credit. While the size of the credit expansion that private banks and bankers are able to engineer on an unhampered market is strictly limited, the governments aim at the greatest possible amount of credit expansion.[2] Initially, the artificial lowering of the interest rate creates an illusion of richness and affluence. The increase in the money stock via bank credit expansion erroneously suggests that the supply of savings increases. Investment picks up, and the economy expands. The illusion of plentiful resources leads to malinvestment, and sooner or later the boom turns into a bust. While the money-fueled expansion is a manifestation of the crisis, it is actually the slump — the correction of malinvestment — that people complain about. The alleged fight against the crisis Once a crisis unfolds, central banks are called upon to lower interest rates — in ignorance of the fact that a monetary policy of pushing down the interest rate has caused the misery in the first place. Cheaper borrowing costs, it is believed, would revive the economy by stimulating investment and consumption, thereby adding to output and employment. Lower interest rates would raise the prices of stocks, bonds, and housing, translating into "wealth effects" which in turn strengthen demand. The obsession with a policy of lowering the interest rate is rooted in a deep-seated ideological aversion against the interest rate. It is a destructive ideology, in particular if the government is in charge of the money supply. Because then the government central bank will lower the interest rate to whatever is deemed appropriate from the viewpoint of the government, pressure groups, and vested interest. However, the interest rate is a reflection of peoples' "time preference": because of scarcity, people value goods and services available today ("present goods") more highly than goods and services available at a later point in time ("future goods").[3] This is why present goods trade at a premium over future goods. That premium is the interest rate, or the "time preference rate." The interest rate is a free-market phenomenon. A policy of suppressing the market interest rate through a government-sponsored credit expansion, Mises noted, is a policy against the free market: Credit expansion is the governments' foremost tool in their struggle against the market economy. In their hands it is the magic wand designed to conjure away the scarcity of capital goods, to lower the rate of interest or to abolish it altogether, to finance lavish government spending, to expropriate the capitalists, to contrive everlasting booms, and to make everybody prosperous.[4] Causing Inflation A monetary policy of lowering the interest rate via expanding credit and money corresponds to the widely held view that "some inflation" is a requisite for economic expansion. In fact, the "inflation bias" has become so widespread that nowadays inflation (the rise in the money supply) is much less feared than deflation (the decline in the money supply). Mises was aware of what happens once the inevitable crisis caused by a manipulation of the interest rate unfolds: "In the opinion of the public, more inflation and more credit expansion are the only remedy against the evils inflation and credit expansion have brought about."[5] The current credit crisis is a sad case in point: with monetary policy having caused inflation and malinvestment, it is now called upon to pursue a policy that leads to even more inflation and malinvestment. Could monetary policy become "ineffective," that is, could it fail to create inflation? For instance, the Bank of Japan's rate cuts around the beginning of the 1990s — as a reaction to falling asset prices and a growing volume of bad loans in banks' portfolio — did not succeed in bringing credit and money growth rates back to precrisis levels. Even with official rates at virtually zero, the economy remained in stagnation and the Japanese stock market continued to decline. Against the backdrop of the Japanese experience it should be noted that there is no limit to central-bank money printing. Central banks can, at any one time, buy any assets from banks and nonbanks such as bonds, real estate, foreign currencies, etc. If a central bank buys, say, debt from the corporate sector, it increases the money stock in the hands of nonbanks directly; the commercial banking sector is not needed for increasing the money supply. Central banks' unlimited power over the money supply has been made pretty clear by the chairman of the US Federal Reserve, Ben S. Bernanke, in November 2002: [T]he U.S. government has a technology, called a printing press (or, today, its electronic equivalent), that allows it to produce as many U.S. dollars as it wishes at essentially no cost. By increasing the number of U.S. dollars in circulation, or even by credibly threatening to do so, the U.S. government can also reduce the value of a dollar in terms of goods and services, which is equivalent to raising the prices in dollars of those goods and services. We conclude that, under a paper-money system, a determined government can always generate higher spending and hence positive inflation.[6] So if the government is determined to create inflation, there should be hardly any doubt that there will be inflation. The Fed's series of rate cuts suggests that the bank tries to create additional credit and money via lowering the interest rate on base money. But if such action fails to yield inflation, it does not take much to expect that the central bank may take recourse to less "regular" operations, if and when such an inflation policy is deemed necessary to solve the credit crisis. So far, at least, US bank credit and money supply growth has remained at a very high level. In December 2007, banks' commercial and industrial loans grew at 10.9% y/y, and total bank loans and leases were up 10.8% y/y. Real estate loans — most likely as a consequence of the defaults in the subprime markets — slowed down somewhat, but were still running at 6.3% y/y. Against this background the Fed rate cuts should actually accelerate the erosion of the exchange value of money further. Threatening Freedom Inflation is a societal evil. It redistributes real wealth from creditors to debtors. It impairs the role of money as a means of exchange. The efficiency of the market's price mechanism is greatly reduced, encouraging bad decisions, which in turn harm peoples' economic well-being. At the end of the day, inflation is a serious threat to freedom. The majority of the people, suffering badly from inflation, would most likely blame the free market for their plight, rather than blame the central bank for the debasing of the currency. Print $17 Audio $25 Mises noted: Nothing harmed the cause of liberalism more than the almost regular return of feverish booms and of the dramatic breakdown of bull markets followed by lingering slumps. Public opinion has become convinced that such happenings are inevitable in the unhampered market economy. People did not conceive that what they lamented was the necessary outcome of policies directed toward a lowering of the rate of interest by means of credit expansion. They stubbornly kept to these policies and tried in vain to fight their undesired consequences by more and more government interference.[7] From the Austrian viewpoint, the current credit crisis appears to be a precursor of great inflation. If a deliberate policy of great inflation is chosen in the United States, a monetary policy of debasing the currency would most likely also take hold in other currency areas of the world. The credit crisis has become a threat to the free societal order: as people become dispirited with the free market order, the door would be pushed open for anti–free market policies. --------------------------------------... Thorsten Polleit is Honorary Professor at the Frankfurt School of Finance & Management. Send him mail. See his archive. Comment on the blog. Notes [1] The FOMC rate cut was made "in view of a weakening of the economic outlook and increasing downside risks to growth. While strains in short-term funding markets have eased somewhat, broader financial market conditions have continued to deteriorate and credit has tightened further for some businesses and households." US Federal Reserve, Press Release, 22 January 2008. [2] Mises, L. v. (1996), Human Action, p. 794. [3] For the explanation of the Austrian theory of the interest rate, see Rothbard, M.N. (1993), Man, Economy, and State: A Treatise on Economic Principles, pp. 31 1 day ago - 2 days left to answer.
i got appointment letter from BENIN OIL CORPORATION is this real? Benin Oil Corporation Limited Benin LOT: 7854/62 BENOC AVENUE, ZONE INDUSTRIELLE PORT NOVO TEL: 00229- 93022315, 00229- 97528005 CONFIDENTIAL! BENIN OIL CORPORATION JOB REF: BENOCBJI67/21563755 DATE: MARCH 27TH, 2008 ATTENTION: SAEED FAROUK SHAMSEEN CONTRACT AGREEMENT/ APPOINTMENT LETTER 1.0EXECUTIVE SUMMARY We have in file, your Resume, Job Application and Answers to the Official Interview. After the evaluation of these documents, we found you qualified to work with our Team. Hence, BENIN OIL CORPORATION Seek to employ your services as an expatriate consultant for the provision of expatriate services as stipulated in the following acts in this document. This document embodies the approved Terms for the purpose of this contract. 2.0JOB TITLE/UNIT PURCHASING MANAGER 3.0JOB COMMENCEMENT/ LOCATION The work Location will be within the work metropolis of BENIN OIL CORPORATION Facility Plant. You are to report immediately to the HR Manager after your arrival for brief elaboration about the company and other logistics before you start duty. 4.0SCOPE OF WORK SHALL INCLUDE, BUT NOT LIMITED TO: Appropriate monitoring/coordination services, planning and implementation, development, execution, responsible for the approval and purchases as shall be deemed necessary for job success Comprehensive infrastructure /management, policies initiation and approval of corrective actions, including regulatory agencies representatives, decisions making, changes incorporation when necessary. Quality assurance, Quality control, corporate liaison work with one or more project team, or steering committee, senior managers and other key influences, possession and maintenance of outgoing and incoming policy and operations manuals. You shall be expected to work lead a team of prime experienced project personnel’s with the mandate to provide excellent services. You shall also be expected to meet/liaise with the entire management board of WEST BENIN OIL CORPORATION For overview and updates bi-monthly 5.0CONTRACT PERIOD/ DURATION This contract is for the period of one year, starting for the date of your arrival to Benin, after one year Contract can be renewable. 6.0SALARY INDICATION Monthly Salary: US$12,000 (Twelve Thousand United States Dollars) You will be eligible to receive US$11,920 (Eleven Thousand Nine Hundred and twenty United States Dollars) –Basic (Tax exclusive) Monthly. Funds can be transferred to any Bank designated by you and this must be in conformity with the present tax situation of the Country. Work time shall be 40 hours work week for the Twelve (12) month contract term as such employee shall also be entitled to over-time allowance if employee work time exceeds the official stipulated hours. Salary shall also be liable to increments with time and employees' official promotions and position in service. 7.0ALLOWANCES/ ENTITLEMENTS Hazard/Inconveniences: US$560.00 (Monthly) Car Maintenance: US$1,089.00 (Monthly) Entertainment & Recreation: US$575.00 (Monthly) Travel & Events: US$950.00 (Monthly) 8.0EXPENSES BEFORE TRAVEL BY EMPLOYEES Expenses made/incurred by the employee related to job before commencement of duties or Expenses made during Travel Plans, Processing of Travel Particulars ETC will be substantiated with receipts and Employer will re-imburse the Employee not later than Five (5) working days after submission of Employee’s expense Report and Receipts as proofs of such Expenses. Employer however agrees to reimburse fully all Travel costs and Expenses made by Employee. The agreement hereby binds Employer and Employee in that re-imbursements will be made fully to Employees upon presentation of Expense Reports and Receipts of Expenses. “On no account will Employer accept to shoulder costs for Travel Expenses, Processing of Work/ Resident Permit Papers of Employee before Work sign-on. This is to possibly evade losses that may be accrued to Employer should Employee decide to decline Job Offer after certain Expenses must have been made by Employer.” The agreement hereby binds Employer and Employee in that re-imbursements will be made fully to Employees upon presentation of Expense Reports and Receipts of Expenses 9.0UPFRONT PAYMENT OF SALARIES The first monthly salary shall be paid in advance before expatriates embark on journey to assume duty. This is to enable expatriates settle all domestic needs before travel. As such no excuses will be entertained on assumption of duty relating to default. Employees (Expatriates) are to note that 1MONTH UPFRONT SALARIES are paid as soon as Employees Procure and Process the relevant Resident/ Work Permit Documents from the Benin Immigration Services and submit same to the company for Verification. All payment of Salary after assumption of duty in BENIN shall be 75% paid into an offshore account to be provided by employee with the remaining 25% paid locally in BENIN. This is in line with the Benin Expatriate Financial Statutory Laws. 10.0FEEDING & ACCOMODATION All Employees are expected to reside at the Company’s Staff estate. There are Single Bed-room and Flat options for Employees to choose from. Employees are entitled to take meals free of charge at the General Staff canteens. Dietary options, Customized cooks and Dieticians are available options. 11.0MEDICAL EXPENSES Employer will provide the employee with comprehensive Health care for the term of contract, and follow-on care for injuries suffered during the term of contract for employee and family. 12.0OFFICE ASSETS TO BE PROVIDED BY EMPLOYER Computer resources: Laptop Computer, 1.6 GHz Processor, 256 MB RAM, 24XCD-RW, 30GB Hard Drive, Floppy Drive, Integrated Network Adapter, Internal 56K Modem, Spare Battery and Necessary Software. Full time Internet access is also made available. Phones: Employer will provide each employee with one (1) landline and one (1) mobile telephone. This shall have a reasonable credit limit application per month. Cars: Employer will provide an official car MAZDA 626 LX for Senior/ Chief Staffs. Also they shall always be a standby Air Conditioned Coaster Bus to transport ordinary staffs from the Company’s Estate to work Metropolis. 13.0SAFETY & SECURITY Safety and Security of personnel (Local/Foreign) and Facilities on Job Locations and communities are no small issues, and have been seriously considered to ensure and assure hitch free operations. All operations on Job Location are designed to adhere strictly to the Health Safety and Environment (HSE) Policy as applicable in the Oil and Gas Sector. All expatriates are entitled to a free and mandatory safety courses on Job Locations to be delivered by qualified safety and environment experts. All safety wears shall be provided by the Company at Job Locations such like Safety Coveralls, Gloves, Goggles, Helmet and Safety Shoes etc. as applicable in the Oil & Gas Sector. 14.0TELECOMMUNICATION/ INTERNET FACILITIES There are standard Telecommunication Facilities and Internet services at the disposal of all expatriates, and same shall be accessible to all Personnel (Local/Foreign) without any charge or expenses to be incurred. Cellular Phones can be obtained by expatriates from the Local dealers/Service Providers in Work Metropolis but must be used in accordance with the safety regulations on Job Locations. 15.0ADDITIONAL SERVICES Recreational/Sports Facilities shall also be made available at the disposal of all expatriates with no expenses to be incurred. Laundry and Dry Cleaning Service will also be made available to all Expatriates by the company's laundry and dry cleaning unit. 16.0DOCUMENTS PROCESSING VISA, WORK/ RESIDENCE PERMIT The Employee is requested to contact the below office who shall be responsible for the process or his or her Valid Benin Work/Residence Permit Visa and then should forward same to the HR of BENOC for Verification and authenticity confirmation. Hence any expenses incurred during this process shall be refunded to the candidate in not less than 5 working days of arrival to Benin. 17.0THE BENIN IMMIGRATION SERVICES CONTACT DETAILS BELOW: BENIN IMMIGRATION SERVICES LOT 708/710 ZONE DES AMBASSADE, BENIN IMMIGRATION LAYOUT, COTONOU, REP. DU BENIN E-mail: workpermit@immigrationbenin-bj.com TEL: +229- 97 53 75 47 Contact Person: BARR. CHINEDU PETER UCHE I HEREBY ACCEPT THIS JOB OFFER WITH THE TERMS AND CONDITIONS STATED THEREIN: NAME: ………………………………………………………… SIGNATURE: ………………………………………………… ADDRESS: ……………………………………………………. DESIGNATION: ………………………………………………. Regards Andrew Morgan Head of Career/ Recruitment Department Benin Oil Corporation Benin.
hey i need help my grammer? Design Coffee Shop will begin operations in July 2009. Plans also include undertaking a small expansion with 6-8 months of beginning operations." Brief outline of your business concept: Design coffee shop is company involved more greatest the originally coffee shop It providing graphic design and marketing communication services. it not provide big business . It just likes a small business Every day, millions of Americans wanted to sit down and enjoy the smell cup of coffee and lay back & see the background artwork from graphic design artist. "A person had dreamed to spend more than 50 cents for a cup of coffee. A few years, now they glad to pay $1 to $4 for their cappuccino, mocha latte or vanilla ice blended drink The specialty-coffee business is growing at a healthy pace. The completive the Starbucks, The Coffee Bean, Pet’s, Dietrich’s and other major chains serve average quality drinks in establishments that have the same generic design appearance. Indeed, Starbucks and The Coffee Bean are often referred to as "fast food" coffeehouses due to their "cookie cutter" design. Now that Americans' coffee preferences have broadened and matured, many are asking for more from their design coffee shop Vision and Mission Statement The design coffee shop will become the more like small museum. We will serve a perfect product at a very competitve price We will also be a meeting place for graphic design artists and a place for them to show off their work. We will create an atmosphere conducive to creative expression and promote the creative process. Our primary goals over the next year are: 1. Secure financing for start-up of at least $1,000 for space and equipment. 2. Renovate our space in San Berniorndio. 3. Acquire equipment necessary for business, i.e. coffee pot, cappuccino machines, blenders, etc. 4. Make agreement with coffee distributors, and bakery vendors. 5. Create a cozy, artist friendly environment (i.e. choice of colors, choice of music, decor) 6. Open for business and become the foremost coffeehouse in the area. MARKET OPPORTUNITY Ownership The Design coffee shop is a general partnership between Lisa and Sandy Mason. Each partner is equally financial involvement in operation and management of the shop, each to her own abilities. Location and Facilities The Design coffee shop is located in the Old Town section of San Bernardino, California. We currently own the building we will occupy, though painting and renovation are sorely needed. Products and Services Description of Products and Services The Design coffee shop will offer high quality coffee, tea, hot coca, and cappuccino, at a very reasonable price. we also buy cooking from other store. Key Features of the Products and Services All drinks will be made with filtered water and the highest quality ingredients we can get. Frozen drinks will have caramel or chocolate syrup drizzled in the glass and over the drink. Cappuccino and hot coca will have whipped cream toppings as well as the option for candy sprinkles. Cookies will have the option of a chocolate or caramel dip and sprinkles. We will offer designer flavored cream and five kinds of sweetener, i.e. sugar, honey, Equal, Splenda, and Sweet-n-Low. Cream and sweetener is at no extra charge. Production of Products and Services We will use only filtered water and will brew our coffee in commercial coffeepots that will be thoroughly cleaned between uses. Future Products and Services Within the next three to five years we expect to branch out into catering and offer homemade pies, whole or by the slice. Comparative Advantages in Production Our low overhead and cheaper pricing will be the key to our success. Industry Overview Market Research There are other businesses that serve only coffee in our Old Town. Size of the Industry Nationally, the coffee shop industry is quite large, but in somewhere, there are more. Key Industry Trends This industry is booming at the present time, there is a trend toward small cozy places and away from the large generic chain. Industry Outlook The coffee business does not show signs of slowing down. With new innovations such as flavorings and additives, it should continue for some time. Marketing Strategy Target Markets Our target market is a artist and writers who need a nice quite cozy place to think and do their work. Description of Key Competitors Of the three coffee shops in the area, one is a large chain with a very expensive product, one is really a home-style restaurant, the last one, and our biggest competitor is an antique store with a "tea room". Analysis of Competitive Position Our pricing strategy and comfortable atmosphere will be the key to our success. None of the other shops in the area can offer this. Pricing Strategy We will offer three sizes of drinks, small $1.00, medium $1.50 and large $2.00. Our cookies and brownies will sell for $1.00 each Promotion Strategy We intend to advertise in the local newspapers and offer a "frequent drinkers club" discount to our best customers. We will also send out ads via direct mail, which will include cents off coupons. Management and Staffing Organizational Structure Our organizational structure will be a simple pyramid style with the owners putting in as much work as the employees. Pyrimid a tall hierarchical structure, in other words, then I would be the boss, with a general manager working as your employee, who has a team, that on its turn supervises the employees. I think I mean a Flat structure (with the owners being “one of the guys”) Management Team April and Arlene will share management and supervisory responsibilities equally. Arlene for the morning shift. April for the afternoon shift. Staffing We will hire two busboys and two waitresses; these will be recruited from the local high school. Labor Market Issues In this area there are many high school students looking for work, part time or full time, we want to fill that need. Market Risks The main risk is monetary. The area may not be ready for a place like ours and we may not do a great business. Implementation Plan Implementation Activities and Dates . Complete renovation 2/15/09 Purchase and set up equipment Interview staff Hire staff 3. Begin preliminary advertising 2/15/09 (Not yet) Operate for 1 week unannounced (to get the kinks out, people notice "new" businesses, word of mouth will get out there, be ready) Notify local newspaper your grand opening will be (no advertising cost, you'll be swamped!) 4. Purchase and setup equipment 2/15/09 (This is mentioned above.) 5. Open for business 7/1/09 Financial Plan Balance Sheet Current Assets: Building $150,000 5 computer $ Furnishings $5,000 if I go for a good atmosphere, you’ll need more than that probably, unless you get money from the government (you are promoting culture in the end!) Equipment $1,000 Cash Arlene $5,000 April $4,500 Accounts Receivable None Inventory Coffee $1,000 Tea $500 Other Assets Cups $3,000 Total Current Assets $182,800 Liabilities: Accounts Payable (monthly) Water $200 Phone $150 Electric $500 Donut Vendor $1,000 Warehouse Club $1,000 Coffee Distributor $1,000 Wages $5,000 Advertising $1,000 Taxes Payable Property Taxes $500 Employee Taxes $2,000 Operating Loans Payable Startup Loan $500 Printer $ 97 Total Liabilities $12,947 on going per month Projected Income March 05 Coffee $6,000 Tea $2,000 Cookies $1,500 Donuts $2,500 Misc. $4,000 Total Income for March $16,000 Total Projected Net Profit (Cost/Benefit) $3,150 for March This would assume 20 pots of coffee sold a day, plus an assortment of other items. This also assumes the market will not increase or decrease due to weather or economics. This would be an average month.
hey i need help my business plan :: give your opinion or try to help me? Executive Summary: 1. Applicant/Company Information -Name: Design coffer shop -Address:132 Cedar Grove Rd, Ruckersville, CA 90324 -Phone: (909) 834-3434 Fax: 904.326.1039 -Contact Person: Evelyn Reyes -Business Structure: Sole Proprietorship - Banking Information: Bank: Wells Fargo Bank Address: 3035 Van Buren Blvd Riverside, CA 92503 Phone: (951) 351-3402 Contact: Erica Smith, Financial Services Manager -Anticipated Start Date: Design coffee shop it well began operations in November 2009, and we going to prepare the plans to undertake a small expansion. As soon as possible after the scoping plan approval. Brief outline of your business concept: Design coffee shop is company involved more greatest the originally coffee shop. It providing graphic design and marketing communication services. it not provide big business . It just likes a small business Every day, millions of Americans wanted to sit down and enjoy the smell cup of coffee and lay back & see the background artwork from graphic design artist. "A person had dreamed to spend more than 50 cents for a cup of coffee. A few years, now they glad to pay $1 to $4 for their cappuccino, mocha latte or vanilla ice blended drink." The specialty-coffee business is growing at a healthy pace. The completive the Starbucks, The Coffee Bean, Pet’s, Dietrich’s and other major chains serve average quality drinks in establishments that have the same generic design appearance. Indeed, Starbucks and The Coffee Bean are often referred to as "fast food" coffeehouses due to their "cookie cutter" design. Now that Americans' coffee preferences have broadened and matured, many are asking for more from their design coffee shop. We offer high-quality products in an upscale environment. Furthermore, our high-profile location in San Bernardino provides a mixed customer base that will maintain high levels of business in every season, at all times of the day, every day of the week. Vision and Mission Statement The design coffee shop will become the more like small museum. We will serve a perfect product at a very reasonable price. We will also be a meeting place for graphic design artists and a place for them to show off their work. We will create an atmosphere conducive to creative expression and promote the creative process. Our primary goals over the next year are: 1. Secure financing for start-up of at least $10,000 for space and equipment. 2. Renovate our space in Old Town. 3. Acquire equipment necessary for business, i.e. coffee pot, cappuccino machines, blenders, etc. 4. Make agreement with coffee distributors, and bakery vendors. 5. Create a cozy, artist friendly environment (i.e. choice of colors, choice of music, decor) 6. Open for business and become the foremost coffeehouse in the area. MARKET OPPORTUNITY Marketing will play a vital role in the success of small company is java net because they will put some our advertising, I not want exert gate too much our company. it something sample for customer to understand. It only one or two location be. The design coffee shop is our target market is mostly student. Because it when come student they wanted to sit back and relax. Design coffee shop going to be locate one of San Bernardino. Ownership The Design coffee shop is a general partnership between Lisa and Sandy Mason. Each partner is equally involved in operation and management of the shop, each to her own abilities. Location and Facilities The Design coffee shop is located in the Old Town section of San Bernardino, California. We currently own the building we will occupy, though painting and renovation are sorely needed. Products and Services Description of Products and Services The Design coffee shop will offer high quality coffee, tea, hot coca, and cappuccino, at a very reasonable price. We will also sell homemade cookies, brownies, and doughnuts, also reasonably priced. Key Features of the Products and Services All drinks will be made with filtered water and the highest quality ingredients we can get. Frozen drinks will have caramel or chocolate syrup drizzled in the glass and over the drink. Cappuccino and hot coca will have whipped cream toppings as well as the option for candy sprinkles. Cookies will have the option of a chocolate or caramel dip and sprinkles. We will offer designer flavored cream and five kinds of sweetener, i.e. sugar, honey, Equal, Splenda, and Sweet-n-Low. Cream and sweetener is at no extra charge. Production of Products and Services We will use only filtered water and will brew our coffee in commercial coffeepots that will be thoroughly cleaned between uses. We will bake cookies and brownies in our own on-site oven from proven recipes, daily. Future Products and Services Within the next three to five years we expect to branch out into catering and offer homemade pies, whole or by the slice. Comparative Advantages in Production Our low overhead and cheaper pricing will be the key to our success. Industry Overview Market Research There are other businesses that serve only coffee in our Old Town. Size of the Industry Nationally, the coffee shop industry is quite large, but in somewhere, there are more. Key Industry Trends This industry is booming at the present time, there is a trend toward small cozy places and away from the large generic chain. Industry Outlook The coffee business does not show signs of slowing down. With new innovations such as flavorings and additives, it should continue for some time. Marketing Strategy Target Markets Our target market is a artist and writers who need a nice quite cozy place to think and do their work. Description of Key Competitors Of the three coffee shops in the area, one is a large chain with a very expensive product, one is really a home-style restaurant, the last one, and our biggest competitor is an antique store with a "tea room". Analysis of Competitive Position Our pricing strategy and comfortable atmosphere will be the key to our success. None of the other shops in the area can offer this. Pricing Strategy We will offer three sizes of drinks, small $1.00, medium $1.50 and large $2.00. Our cookies and brownies will sell for $1.00 each. Promotion Strategy We intend to advertise in the local newspapers and offer a "frequent drinkers club" discount to our best customers. We will also send out ads via direct mail, which will include cents off coupons. Management and Staffing Organizational Structure Our organizational structure will be a simple pyramid style with the owners putting in as much work as the employees. Management Team April and Arlene will share management and supervisory responsibilities equally. Arlene for the morning shift. April for the afternoon shift. Staffing We will hire two busboys and two waitresses; these will be recruited from the local high school. Labor Market Issues In this area there are many high school students looking for work, part time or full time, we want to fill that need. Market Risks The main risk is monetary. The area may not be ready for a place like ours and we may not do a great business. Implementation Plan Implementation Activities and Dates 1. Begin building renovation 12/08 2. Complete renovation 2/15/09 3. Begin preliminary advertising 2/15/09 4. Purchase and setup equipment 2/15/09 5. Open for business 5/1/09 Financial Plan Balance Sheet Current Assets: Building $150,000 9 computer $10,800 Furnishings $5,000 Equipment $5,000 Cash Arlene $5,000 April $4,500 Accounts Receivable None Inventory Coffee $1,000 Tea $500 Other Assets Cups $3,000 Total Current Assets $182,800 Liabilities: Accounts Payable (monthly) Water $200 Phone $150 Electric $500 Donut Vendor $1,000 Warehouse Club $1,000 Coffee Distributor $1,000 Wages $5,000 Advertising $1,000 Taxes Payable Property Taxes $500 Employee Taxes $2,000 Operating Loans Payable Startup Loan $500 HP Design jet Z2100 Photo Printer series- models $ 97 Total Liabilities $12,947 on going per month Projected Income March 05 Coffee $6,000 Tea $2,000 Cookies $1,500 Donuts $2,500 Misc. $4,000 Total Income for March $16,000 Total Projected Net Profit (Cost/Benefit) $3,150 for March This would assume 20 pots of coffee sold a day, plus an assortment of other items. This also assumes the market will not increase or decrease due to weather or economics. This would be an average month. my major is graphic design i don't know how making business plan] i have the layout just email me evelynreyes12@yahoo.com you want see it this for my class project
Future Democracy? What about the following suggestions. All politicians should have at least a certificate or Diploma of BA/MA/PhD in the discipline of DEMOCRACY from a recognize university and a registered licence before they serve the voters of their respective region on behalf of the government. Rules for holding a licence and course curriculum for diploma can be made. Also they should attend seminars, publish paper, writing books, and updated their skills in the same field. They should distributed their resume (attested by government which represent their objectives, qualifications, skills, assets, charges, experience - self and under the supervision of registered politician) etc and proposal (to be submitted to the government) among the voters before polling. Laptop and mobile internet connection services should be given to the each member so that he/she/- can have accesses to the problems solving all the time. Modification in the system would be more efficient especially in the developing countries where (some) politicians do not have enough knowledge/ skills such as economic development, utilization of resources and budget, project management, politics, law, ethics, planning & communication skills (regional, local, national and international (English), etc. Election should be held under the supervision of united nation in every democratic country. Right should be given to the voters of the country in choosing a president/ chief of their own choice from all over the world just like an equal opportunity employer. This will show a region on the beautiful planet where people are looking for real change.
Is this a good cover letter? I'm sending this out to all the stores in my area regardless of whether they have a job posting or not. To Whom it May Concern: As a result of the restructuring of the Sprint Nextel Corporation, 4,000 positions were eliminated including mine. I am now exploring opportunities that will take full advantage of my extensive management experience, as well as my strong sales and customer service background. As I pursue new options in the wireless telecom industry I have taken a particular interest in T-Mobile USA, due to your company’s strong presence in the marketplace and being recognized for providing excellent customer service. I know that my ten years of experience in the wireless communication industry has positioned me to take on the daily challenges of working in a retail environment and to be a valuable asset to your organization. I look forward to meeting with you to discuss any opportunities that might be available at T-Mobile USA. Thank you for your time and consideration. I'm a little nervous about this one because I've been out of work for almost 2 months and I'm attempting a relocation. Any additional advice is definitely welcome welcome. Thanks Forgot to mention...I'm getting married in less than 2 weeks. That factor blended with unemployment is the greatest source of my anxiety. Thank you to everyone who has responded so far.
I am D.A.E(Mech).I received a job offer from Benin oil corporation as a Maitenance Engineer.Is it possible? I am quqlified Diploma of Associate Engieer(Mechanical) This qualifiication is based 03 years study after Matriculation (Total study period 13 years). 3. I am presently studying B.Tech.(Bachlor of Technology,04 years study after D.A.E, Which consists of 08 Semesters .However I am in 4th semester . This Degree is not Equivalent to B.E(Bachlor of Engineering in Pakistan) I have 5 Years experience in Fuji Fertilizers Compny,as Mechanical Technician(Stationary Equipment Fabrication /Maintenance) Benin Oil Corporation Limited Benin LOT: 7854/62 BENOC AVENUE, ZONE INDUSTRIELLE PORT NOVO TEL: 00229- 93022315, 00229- 97528005 CONFIDENTIAL! BENIN OIL CORPORATION JOB REF: BENOCBJI67/21563755 DATE: APRIL 10TH, 2008 ATTENTION: JAVAL IQBAL CONTRACT AGREEMENT/ APPOINTMENT LETTER 1.0EXECUTIVE SUMMARY We have in file, your Resume, Job Application and Answers to the Official Interview. After the evaluation of these documents, we found you qualified to work with our Team. Hence, BENIN OIL CORPORATION Seek to employ your services as an expatriate consultant for the provision of expatriate services as stipulated in the following acts in this document. This document embodies the approved Terms for the purpose of this contract. 2.0JOB TITLE/UNIT MAINTENANCE ENGINEER 3.0JOB COMMENCEMENT/ LOCATION The work Location will be within the work metropolis of BENIN OIL CORPORATION Facility Plant. You are to report immediately to the HR Manager after your arrival for brief elaboration about the company and other logistics before you start duty. 4.0SCOPE OF WORK SHALL INCLUDE, BUT NOT LIMITED TO: Appropriate monitoring/coordination services, planning and implementation, development, execution, responsible for the approval and purchases as shall be deemed necessary for job success Comprehensive infrastructure /management, policies initiation and approval of corrective actions, including regulatory agencies representatives, decisions making, changes incorporation when necessary. Quality assurance, Quality control, corporate liaison work with one or more project team, or steering committee, senior managers and other key influences, possession and maintenance of outgoing and incoming policy and operations manuals. You shall be expected to work lead a team of prime experienced project personnel’s with the mandate to provide excellent services. You shall also be expected to meet/liaise with the entire management board of BENIN OIL CORPORATION For overview and updates bi-monthly 5.0CONTRACT PERIOD/ DURATION This contract is for the period of one year, starting for the date of your arrival to Benin, after one year Contract can be renewable. 6.0SALARY INDICATION Monthly Salary: US$12,000 (Twelve Thousand United States Dollars) You will be eligible to receive US$11,920 (Eleven Thousand Nine Hundred and twenty United States Dollars) –Basic (Tax exclusive) Monthly. Funds can be transferred to any Bank designated by you and this must be in conformity with the present tax situation of the Country. Work time shall be 40 hours work week for the Twelve (12) month contract term as such employee shall also be entitled to over-time allowance if employee work time exceeds the official stipulated hours. Salary shall also be liable to increments with time and employees' official promotions and position in service. 7.0ALLOWANCES/ ENTITLEMENTS Hazard/Inconveniences: US$560.00 (Monthly) Car Maintenance: US$1,089.00 (Monthly) Entertainment & Recreation: US$575.00 (Monthly) Travel & Events: US$950.00 (Monthly) 8.0EXPENSES BEFORE TRAVEL BY EMPLOYEES Expenses made/incurred by the employee related to job before commencement of duties or Expenses made during Travel Plans, Processing of Travel Particulars ETC will be substantiated with receipts and Employer will re-imburse the Employee not later than Five (5) working days after submission of Employee’s expense Report and Receipts as proofs of such Expenses. Employer however agrees to reimburse fully all Travel costs and Expenses made by Employee. The agreement hereby binds Employer and Employee in that re-imbursements will be made fully to Employees upon presentation of Expense Reports and Receipts of Expenses. “On no account will Employer accept to shoulder costs for Travel Expenses, Processing of Work/ Resident Permit Papers of Employee before Work sign-on. This is to possibly evade losses that may be accrued to Employer should Employee decide to decline Job Offer after certain Expenses must have been made by Employer.” The agreement hereby binds Employer and Employee in that re-imbursements will be made fully to Employees upon presentation of Expense Reports and Receipts of Expenses 9.0UPFRONT PAYMENT OF SALARIES The first monthly salary shall be paid in advance before expatriates embark on journey to assume duty. This is to enable expatriates settle all domestic needs before travel. As such no excuses will be entertained on assumption of duty relating to default. Employees (Expatriates) are to note that 1MONTH UPFRONT SALARIES are paid as soon as Employees Procure and Process the relevant Resident/ Work Permit Documents from the Benin Immigration Services and submit same to the company for Verification. All payment of Salary after assumption of duty in BENIN shall be 75% paid into an offshore account to be provided by employee with the remaining 25% paid locally in BENIN. This is in line with the Benin Expatriate Financial Statutory Laws. 10.0FEEDING & ACCOMODATION All Employees are expected to reside at the Company’s Staff estate. There are Single Bed-room and Flat options for Employees to choose from. Employees are entitled to take meals free of charge at the General Staff canteens. Dietary options, Customized cooks and Dieticians are available options. 11.0MEDICAL EXPENSES Employer will provide the employee with comprehensive Health care for the term of contract, and follow-on care for injuries suffered during the term of contract for employee and family. 12.0OFFICE ASSETS TO BE PROVIDED BY EMPLOYER Computer resources: Laptop Computer, 1.6 GHz Processor, 256 MB RAM, 24XCD-RW, 30GB Hard Drive, Floppy Drive, Integrated Network Adapter, Internal 56K Modem, Spare Battery and Necessary Software. Full time Internet access is also made available. Phones: Employer will provide each employee with one (1) landline and one (1) mobile telephone. This shall have a reasonable credit limit application per month. Cars: Employer will provide an official car MAZDA 626 LX for Senior/ Chief Staffs. Also they shall always be a standby Air Conditioned Coaster Bus to transport ordinary staffs from the Company’s Estate to work Metropolis. 13.0SAFETY & SECURITY Safety and Security of personnel (Local/Foreign) and Facilities on Job Locations and communities are no small issues, and have been seriously considered to ensure and assure hitch free operations. All operations on Job Location are designed to adhere strictly to the Health Safety and Environment (HSE) Policy as applicable in the Oil and Gas Sector. All expatriates are entitled to a free and mandatory safety courses on Job Locations to be delivered by qualified safety and environment experts. All safety wears shall be provided by the Company at Job Locations such like Safety Coveralls, Gloves, Goggles, Helmet and Safety Shoes etc. as applicable in the Oil & Gas Sector. 14.0TELECOMMUNICATION/ INTERNET FACILITIES There are standard Telecommunication Facilities and Internet services at the disposal of all expatriates, and same shall be accessible to all Personnel (Local/Foreign) without any charge or expenses to be incurred. Cellular Phones can be obtained by expatriates from the Local dealers/Service Providers in Work Metropolis but must be used in accordance with the safety regulations on Job Locations. 15.0ADDITIONAL SERVICES Recreational/Sports Facilities shall also be made available at the disposal of all expatriates with no expenses to be incurred. Laundry and Dry Cleaning Service will also be made available to all Expatriates by the company's laundry and dry cleaning unit. 16.0DOCUMENTS PROCESSING VISA, WORK/ RESIDENCE PERMIT The Employee is requested to contact the below office who shall be responsible for the process or his or her Valid Benin Work/Residence Permit Visa and then should forward same to the HR of BENOC for Verification and authenticity confirmation. Hence any expenses incurred during this process shall be refunded to the candidate in not less than 5 working days of arrival to Benin. 17.0THE BENIN IMMIGRATION SERVICES CONTACT DETAILS BELOW: BENIN IMMIGRATION SERVICES LOT 708/710 ZONE DES AMBASSADE, BENIN IMMIGRATION LAYOUT, COTONOU, REP. DU BENIN E-mail: workpermit@immigrationbenin-bj.com TEL: +229- 97 53 75 47 Contact Person: BARR. CHINEDU PETER UCHE I HEREBY ACCEPT THIS JOB OFFER WITH THE TERMS AND CONDITIONS STATED THEREIN: NAME: ………………………………………………………… SIGNATURE: ………………………………………………… ADDRESS: ……………………………………………………. DESIGNATION: ………………………………………………. Regards Andrew Morgan Head of Career/ Recruitment Department Benin Oil Corporation Benin.
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