Legal, Safety, and Regulatory Requirements Paper Essay

Legal, Safety, and Regulatory Requirements Paper - Essay Example However, some industrial scholars also have the idea that litigation has already replaced common sense and compassion in the workplace, given the fact that there are very stringent legal, regulatory requirements in the workplace, and that disagreements in the workplace are already commonly settled through litigation. In this case, this paper aims to answer the following question: have common sense and compassion in the workplace already been replaced by litigation? In order to answer this question, the researcher would primarily rely upon three main sources: the United States Department of Labor (United States Department of Labor, n. d.), the United States Equal Employment Opportunity Commission (U. S. EEOC, n. d.), and the American with Disabilities Act of 1990 (ADA.gov, n. d.). One of the main agencies of the United States government that oversees working place relations in the country is the United States Department of Labor (United States Department of Labor, n. d.).

Strategic Business Essay Example | Topics and Well Written Essays - 1000 words - 1

Strategic Business - Essay Example Furthermore, while the mission statement of Microsoft formally articulates organizational purpose, it is the organization’s culture that gives life to the organization and helps make the realization of its mission possible. The concept of Microsoft’s of organizational culture has been the focus of much attention with analyst associating it with superior corporate performance, increased productivity, improved morale and high rates of return on investment. The organizational culture is the collectively accepted meaning that manifests itself in the formal and informal rules of an organization or a sub-group. The culture embodies the collective symbols, myths, visions and heroes of the organization are past and present (Ouchi, 1981). Culture basically involves what to wear, how to address staffs and what is rewarded and punished. It is often not written. When individuals join an organization, in addition to learning about its formal aspects, they spend much of their time be ing socialized into the less formal aspects of organizational life which is the culture. As Microsoft developed their approach in analyzing their organization, it became apparent to them and their people, that they have different personalities and work in different rhythms. People who feel professional jealousy want to be recognized by the leader of the organization. As we have said earlier, rewards or punishment is a motivation. Some people when not being rewarded feel that they are less important in the organization and eventually become unsatisfied with their job and some simply want higher position in the organization. Communication with members of the organization is and good relationship towards each other important in order for the organization to achieve their goal which can be hindered by professional jealousy. On the other hand, people feel job dissatisfaction because they want more challenging jobs. They feel they are more capable of other job than what they are

False position method and bisection

False position method and bisection In numerical analysis, the false position method or regula falsi method is a root-finding algorithm that combines features from the bisection method and the secant method. The method: The first two iterations of the false position method. The red curve shows the function f and the blue lines are the secants. Like the bisection method, the false position method starts with two points a0 and b0 such that f(a0) and f(b0) are of opposite signs, which implies by the intermediate value theorem that the function f has a root in the interval [a0, b0], assuming continuity of the function f. The method proceeds by producing a sequence of shrinking intervals [ak, bk] that all contain a root of f. At iteration number k, the number is computed. As explained below, ck is the root of the secant line through (ak, f(ak)) and (bk, f(bk)). If f(ak) and f(ck) have the same sign, then we set ak+1 = ck and bk+1 = bk, otherwise we set ak+1 = ak and bk+1 = ck. This process is repeated until the root is approximated sufficiently well. The above formula is also used in the secant method, but the secant method always retains the last two computed points, while the false position method retains two points which certainly bracket a root. On the other hand, the only difference between the false position method and the bisection method is that the latter uses ck = (ak + bk) / 2. Bisection method In mathematics, the bisection method is a root-finding algorithm which repeatedly bisects an interval then selects a subinterval in which a root must lie for further processing. It is a very simple and robust method, but it is also relatively slow. The method is applicable when we wish to solve the equation for the scalar variable x, where f is a continuous function. The bisection method requires two initial points a and b such that f(a) and f(b) have opposite signs. This is called a bracket of a root, for by the intermediate value theorem the continuous function f must have at least one root in the interval (a, b). The method now divides the interval in two by computing the midpoint c = (a+b) / 2 of the interval. Unless c is itself a rootwhich is very unlikely, but possiblethere are now two possibilities: either f(a) and f(c) have opposite signs and bracket a root, or f(c) and f(b) have opposite signs and bracket a root. We select the subinterval that is a bracket, and apply the same bisection step to it. In this way the interval that might contain a zero of f is reduced in width by 50% at each step. We continue until we have a bracket sufficiently small for our purposes. This is similar to the computer science Binary Search, where the range of possible solutions is halved each iteration. Explicitly, if f(a) f(c) Advantages and drawbacks of the bisection method Advantages of Bisection Method The bisection method is always convergent. Since the method brackets the root, the method is guaranteed to converge. As iterations are conducted, the interval gets halved. So one can guarantee the decrease in the error in the solution of the equation. Drawbacks of Bisection Method The convergence of bisection method is slow as it is simply based on halving the interval. If one of the initial guesses is closer to the root, it will take larger number of iterations to reach the root. If a function is such that it just touches the x-axis (Figure 3.8) such as it will be unable to find the lower guess, , and upper guess, , such that For functions where there is a singularity and it reverses sign at the singularity, bisection method may converge on the singularity (Figure 3.9). An example include and, are valid initial guesses which satisfy . However, the function is not continuous and the theorem that a root exists is also not applicable. Figure.3.8. Function has a single root at that cannot be bracketed. Figure.3.9. Function has no root but changes sign. Explanation Source code for False position method: Example code of False-position method C code was written for clarity instead of efficiency. It was designed to solve the same problem as solved by the Newtons method and secant method code: to find the positive number x where cos(x) = x3. This problem is transformed into a root-finding problem of the form f(x) = cos(x) x3 = 0. #include #include double f(double x) { return cos(x) x*x*x; } double FalsiMethod(double s, double t, double e, int m) { int n,side=0; double r,fr,fs = f(s),ft = f(t); for (n = 1; n { r = (fs*t ft*s) / (fs ft); if (fabs(t-s) fr = f(r); if (fr * ft > 0) { t = r; ft = fr; if (side==-1) fs /= 2; side = -1; } else if (fs * fr > 0) { s = r; fs = fr; if (side==+1) ft /= 2; side = +1; } else break; } return r; } int main(void) { printf(%0.15fn, FalsiMethod(0, 1, 5E-15, 100)); return 0; } After running this code, the final answer is approximately 0.865474033101614 Example 1 Consider finding the root of f(x) = x2 3. Let ÃŽÂ µstep = 0.01, ÃŽÂ µabs = 0.01 and start with the interval [1, 2]. Table 1. False-position method applied to f(x)  =  x2 3. a b f(a) f(b) c f(c) Update Step Size 1.0 2.0 -2.00 1.00 1.6667 -0.2221 a = c 0.6667 1.6667 2.0 -0.2221 1.0 1.7273 -0.0164 a = c 0.0606 1.7273 2.0 -0.0164 1.0 1.7317 0.0012 a = c 0.0044 Thus, with the third iteration, we note that the last step 1.7273 à ¢Ã¢â‚¬  Ã¢â‚¬â„¢ 1.7317 is less than 0.01 and |f(1.7317)| Note that after three iterations of the false-position method, we have an acceptable answer (1.7317 where f(1.7317) = -0.0044) whereas with the bisection method, it took seven iterations to find a (notable less accurate) acceptable answer (1.71344 where f(1.73144) = 0.0082) Example 2 Consider finding the root of f(x) = e-x(3.2 sin(x) 0.5 cos(x)) on the interval [3, 4], this time with ÃŽÂ µstep = 0.001, ÃŽÂ µabs = 0.001. Table 2. False-position method applied to f(x)  = e-x(3.2 sin(x) 0.5 cos(x)). a b f(a) f(b) c f(c) Update Step Size 3.0 4.0 0.047127 -0.038372 3.5513 -0.023411 b = c 0.4487 3.0 3.5513 0.047127 -0.023411 3.3683 -0.0079940 b = c 0.1830 3.0 3.3683 0.047127 -0.0079940 3.3149 -0.0021548 b = c 0.0534 3.0 3.3149 0.047127 -0.0021548 3.3010 -0.00052616 b = c 0.0139 3.0 3.3010 0.047127 -0.00052616 3.2978 -0.00014453 b = c 0.0032 3.0 3.2978 0.047127 -0.00014453 3.2969 -0.000036998 b = c 0.0009 Thus, after the sixth iteration, we note that the final step, 3.2978 à ¢Ã¢â‚¬  Ã¢â‚¬â„¢ 3.2969 has a size less than 0.001 and |f(3.2969)| In this case, the solution we found was not as good as the solution we found using the bisection method (f(3.2963) = 0.000034799) however, we only used six instead of eleven iterations. Source code for Bisection method #include #include #define epsilon 1e-6 main() { double g1,g2,g,v,v1,v2,dx; int found,converged,i; found=0; printf( enter the first guessn); scanf(%lf,g1); v1=g1*g1*g1-15; printf(value 1 is %lfn,v1); while (found==0) { printf(enter the second guessn); scanf(%lf,g2); v2=g2*g2*g2-15; printf( value 2 is %lfn,v2); if (v1*v2>0) {found=0;} else found=1; } printf(right guessn); i=1; while (converged==0) { printf(n iteration=%dn,i); g=(g1+g2)/2; printf(new guess is %lfn,g); v=g*g*g-15; printf(new value is%lfn,v); if (v*v1>0) { g1=g; printf(the next guess is %lfn,g); dx=(g1-g2)/g1; } else { g2=g; printf(the next guess is %lfn,g); dx=(g1-g2)/g1; } if (fabs(dx)less than epsilon {converged=1;} i=i+1; } printf(nth calculated value is %lfn,v); } Example 1 Consider finding the root of f(x) = x2 3. Let ÃŽÂ µstep = 0.01, ÃŽÂ µabs = 0.01 and start with the interval [1, 2]. Table 1. Bisection method applied to f(x)  =  x2 3. a b f(a) f(b) c  =  (a  +  b)/2 f(c) Update new b à ¢Ã‹â€ Ã¢â‚¬â„¢ a 1.0 2.0 -2.0 1.0 1.5 -0.75 a = c 0.5 1.5 2.0 -0.75 1.0 1.75 0.062 b = c 0.25 1.5 1.75 -0.75 0.0625 1.625 -0.359 a = c 0.125 1.625 1.75 -0.3594 0.0625 1.6875 -0.1523 a = c 0.0625 1.6875 1.75 -0.1523 0.0625 1.7188 -0.0457 a = c 0.0313 1.7188 1.75 -0.0457 0.0625 1.7344 0.0081 b = c 0.0156 1.71988/td> 1.7344 -0.0457 0.0081 1.7266 -0.0189 a = c 0.0078 Thus, with the seventh iteration, we note that the final interval, [1.7266, 1.7344], has a width less than 0.01 and |f(1.7344)| Example 2 Consider finding the root of f(x) = e-x(3.2 sin(x) 0.5 cos(x)) on the interval [3, 4], this time with ÃŽÂ µstep = 0.001, ÃŽÂ µabs = 0.001. Table 1. Bisection method applied to f(x)  = e-x(3.2 sin(x) 0.5 cos(x)). a b f(a) f(b) c  =  (a  +  b)/2 f(c) Update new b à ¢Ã‹â€ Ã¢â‚¬â„¢ a 3.0 4.0 0.047127 -0.038372 3.5 -0.019757 b = c 0.5 3.0 3.5 0.047127 -0.019757 3.25 0.0058479 a = c 0.25 3.25 3.5 0.0058479 -0.019757 3.375 -0.0086808 b = c 0.125 3.25 3.375 0.0058479 -0.0086808 3.3125 -0.0018773 b = c 0.0625 3.25 3.3125 0.0058479 -0.0018773 3.2812 0.0018739 a = c 0.0313 3.2812 3.3125 0.0018739 -0.0018773 3.2968 -0.000024791 b = c 0.0156 3.2812 3.2968 0.0018739 -0.000024791 3.289 0.00091736 a = c 0.0078 3.289 3.2968 0.00091736 -0.000024791 3.2929 0.00044352 a = c 0.0039 3.2929 3.2968 0.00044352 -0.000024791 3.2948 0.00021466 a = c 0.002 3.2948 3.2968 0.00021466 -0.000024791 3.2958 0.000094077 a = c 0.001 3.2958 3.2968 0.000094077 -0.000024791 3.2963 0.000034799 a = c 0.0005 Thus, after the 11th iteration, we note that the final interval, [3.2958, 3.2968] has a width less than 0.001 and |f(3.2968)| Convergence Rate Why dont we always use false position method? There are times it may converge very, very slowly. Example: What other methods can we use? Comparison of rate of convergence for bisection and false-position method

Social Forces Affecting Education -Pressures on Children Essay

Social forces play a major role in the achievement that takes place in our nation’s schools. Factors that take place outside of the classroom have significant effects that intrude on a child’s learning environment. These social forces hold no prejudice to the youth for whom they afflict and arise in every school setting across the public school system. It is important that one recognizes the impact that social forces have on the future leaders of our country and what conflicts they create for our present day learners. Because we live in a competitive society and want to be able to compete in the global economy, achievement pressure runs rampant in classrooms across the country (Anxiety.org, 2011). When parents and teachers can become aware of the emotional burdens and adverse effects that high achievement pressures carry, they will no doubt second guess their choice to perpetuate them (Weissbourd, 2011). The first step in solving any problem is to first be able to ackno wledge it. Pressures on children in today’s society are a problem that is becoming more evident in academics as parents and teachers put more and more emphasis on these children to outperform their classmates, stress in the child’s life becomes an interfering problem (Anxiety.org, 2011 Weissbourd, 2011,). From preschool children to college adults, pressure to execute academic perfection extends across all areas of curriculum. In our highly competitive, American society, emphasis placed on academic achievement has never been so intense (Anxiety.org, 2011, Beilock, 2011). This need to be the best, fueled by our culture in America, has created a social force affecting education, a force to be reckoned with at that. Too often, parents and teachers sacrifice their chil... ... medical foundation. Retrieved from http://www.pamf.org/teen/byteens/academic-stress.html Kaur, S. (2011). pamf.org. Retrieved from http://www.pamf.org/teen/life/stress/academicpressure.html Anxiety.org. (2011, 5 16). Retrieved from http://www.anxiety.org/anxiety-news/general/childhood-anxiety-from-academic-pressure-are-we-pushin Herrfeldt, B. (n.d.). ehow.com. Retrieved from http://www.ehow.com/how_2314755_cope-academic-pressure-.html Weissbourd, R. (2011, May). The Overpressured Student. Educational Leadership, Vol. 68, No. 8, 23-27. Kadison, R. & DiGeronimo, T.F. (2004). College of the Overwhelmed. San Francisco, CA: Jossey-Bass. American Psychological Association (APA) (2012, March 12). Reducing academic pressure may help children succeed. Retrieved from http://www.sciencedaily.com/releases/2012/03/120312101439.htm

Stroop Ia

An experiment investigating the effects of interference on speed estimates during the Stroop task Nicharee Thamsirisup (Nid) IB Psychology Standard Level Abstract: This experiment is to investigate the effect of color interference in speed estimates of the Stroop task which was first researched by John Ridley Stroop in 1935. This can be investigated by seeing the time difference between the task of identifying colors when color words are printed in the same color as their semantic meaning (test #1) and when they are printed in different colors as their semantic meaning (test #2).The research hypothesis is that the average time will be higher in test #2 because of the interference in the color detection task. The experiment uses independent measures and opportunity sampling of bilingual students aged from 16 to 18 years old. The results supported the hypothesis since the participants who did test #2 took 8. 8 seconds in average longer than participants who did test #1. Introduction Th e aim of this study is to investigate the effect of interference on speed estimates during the Stroop task.The Stroop task was first experimented by John Ridley Stroop in 1935. The Stroop Effect involving the Stroop task refers to a phenomenon in which it is easier to say the color of a word if it matches the semantic meaning of the word. Stroop (1935) began investigating the phenomenon of interference by using a color-naming task. The experiment was called â€Å"â€Å"The Effect of Interfering Color Stimuli Upon Reading Names of Colors Serially† in which he conducted on seventy college undergraduates (14 males and 56 females).In the experiment, the participants were to do two tests, one test is with a list of words printed in black and another test is with a list of words printed in colors (red, blue, green, brown and purple) different from its name (e. g. blue printed in red). The colored words were arranged so that each color would appear twice in each column and row and no color were used succeeding each other but the words were printed in equal number of times in each of the other four colors (e. g. the word ‘red’ printed in blue, green, brown and purple inks or the word ‘blue’ was printed in red, green, brown and purple inks).Participants were asked to read the words as fast as possible and correct any possible mistakes. Results show that it took the participants an average of 2. 3 seconds longer to read 100 color names printed in different colors than to read the same words printed in blank1. Schneider and Shiffrin (1977)2 explained this phenomenon in terms of â€Å"automatic processing† where in the experiment of Stroop, reading skills are automatically triggered and intrude upon the intentional process of color detection task. Automatic processing occurs with very few to none conscious resources.Logan (1990)2 also stated that automatic processing can develop through practice as it will require less effort or th oughts and becomes more rapid to retrieve the appropriate responses to the stimulus. These automatic thoughts can be retrieved by accessing the ‘past solutions,’ for example, children will first use their fingers to do simple addition (e. g. 1+1=2), however, as more practice occurs, they will be immediately able to answer it just by seeing it within a second with no attention required. Design:The experiment used independent measures (participants only take part in one of the two tests) which reduced the practice and made it more difficult to speculate the aim of the study. In test 1, the incongruent condition, participants were asked to read a list of different words of the colors printed in different colors to their semantic meanings (e. g. the word BLUE printed in green ink). In test 2, the congruent condition, participants were asked to read a list f different words of the colors printed in the same color as their semantic meanings (e. . the word BLUE printed in blue ink. ) Also when they made a mistake, they had to correct it. The dependent variable is the time taken for the participants to read the list. The controlled variables include the font of the words, the number of words per test and the size of the paper used to present the list of words to the participants. The participants were given the consent form and were told about the procedures in the experiment before starting. Participants were allowed to withdraw at any point during the experiment and after completion f the experiment, they were given a debriefing note and the ability to choose whether they want their results to be used or not. The debriefing note and consent form will be attached in the appendix section. Participants: The participants in my experiment include 30 international students (15 males and 15 females) and they will be grouped into two conditional groups: incongruent condition and congruent condition where they will be presented with a list of 20 words specific f or that condition. The target population is bilingual adolescents with the age range of between 16 to 18 years old.The method of selection of participants was by using sample of opportunity because of the limited time given. These participants will be randomly assigned into the two groups or meaning that one person will do only do one test. Materials: * Test #1: List of 20 Congruent words (on one paper) * Test #2: List of 20 Incongruent words (on one paper) * Stop Watch * Pencil * Paper * Consent form (attached to the Appendix) * Debriefing Note (attached to the Appendix) Procedure: 1. Participants will do one of the two tests and will be informed about the instructions involving the task 2.The participant will be asked to sign the consent form of whether or not they would want to participate in the experiment 3. Instructor will present the participants with the list of 20 words (participants need to correct themselves when a mistake is made) 4. Participants will start reciting the words when they are instructed to or when the instructor has started timing 5. The time will stop when the last word is recited 6. After the experiment, participants will be debriefed about the Stroop Effect and the other theories being investigated 7. Participants have the right to allow or withdraw their results from the experimentResults: In Test #1, the mean for the participants to complete the stroop task where the color of the ink is the same as its semantic meaning is 13. 6 with a standard deviation of 2. 2. The time ranges from the fastest time which is 10. 6 seconds to the slowest time which is 18. 2 seconds. In Test #2, the mean for the participants to complete the stroop task where the color of the ink is different from its semantic meaning is 22. 4 with a standard deviation of 4. 1. The time ranges from 16. 1 to 31. 3 seconds. The mean and the standard deviation are taken into account because it is assumed that the results will form a normal distribution.The mean is the average time of all the time of the participants and the standard deviation is the measure of how spread out the numbers is from the mean. The median and the range are not taken into account. Test Number| Mean| Standard Deviation| 1| 13. 6| 2. 2| 2| 22. 4| 4. 1| *The procedures for finding the mean and standard deviation are in the appendix Discussions Discussion of Results: Even though there were variations from the original Stroop experiment, it is able to investigate, with high reliability, the effect of interference in speed estimates during the Stroop task.The results show accuracy with the Stroop task done in 1935 by John Ridley Stroop since there is a significant difference between the amount of time a person took to complete the task where the colors were congruent with their semantic meaning (Test #1) and where the colors were incongruent with their semantic meaning (Test #2). The participants took a longer amount of time to complete test #2 compared to test #1. The differ ence between the averages of these two tests is 8. 8 seconds. Most of them participants in Test #1 took around the same amount of time to complete the task as can be seen by the low standard deviation of . 2, but in test #2, the amount of time among the participants was more spread out (S. D=4. 1). One possible explanation for this is the participant’s level of English proficiency, since if a person is more fluent in English, he or she may be able to identify the colors more quickly as compared to a person who is not as fluent. The outcome of this experiment can be explained through Schneider and Shriffin’s theory of automatic processing where the participants in test #2 took longer time because the process of reading interfered with the color detection task.Since reading has become practiced very often, it is automatically activated without the person’s consciousness, therefore, it requires more attention for the participants in this group to correctly identify the colors without just reading the word. The participants in test #1 were able to identify the colors faster since after reading several words, the participants will read the words without any interference from the difference in the word’s semantic meaning. Limitations and Improvements: The results from the experiment have low generalizability since this experiment was conducted on bilingual students aging from 16 to 18 years old.There may be other factors which may cause the participants to identify the colors faster e. g. being an English native speaker. Some of the participants also didn’t correct themselves when they have misread the color so two seconds were added into some of the results (interrupting the participants and make them correct their mistake was avoided since this would impact the results even more). Some of the participants who did test #1 also started reading the word itself after seeing recognizing the pattern and ignoring the real task which is to identify the color. This can be improved by adding an incongruent word (e. g. he word BLUE printed in RED) into the word list of test #1 and informing the participants in the instructions so that the participants will concentrate on identifying the colors. To improve the sampling group, we can change the sample group to a wider range of age for example from 10-30 years old instead. Despite the limitations, the result is still accurate since there is a supporting theory and it agrees with the result of the Stroop task in the original experiment. APA List of References: 1. Stroop, J. R. (1935). Journal of experimental psychology. Studies of Interference in Serial Verbal Reactions,XVIII(6), (p647-649). . Hill, G. (1998,2001). Oxford revision guides a level of psychology. (p. 118) Oxford University Press. Appendix: Consent Form * I have been informed of the nature and procedures involved in the experiment * I understand that I have the right to withdraw at any point after the experim ent has begun * I will not be harmed in any way upon participating in the experiment * I understand that my identity will not be connected to my data and that all information I provide will remain confidential * I will be debriefed at the end and be able to know my resultsBy signing this form, I have read the above information and agreed to give my consent to participate in this experiment: Printed Name:____________________________ Signature: _______________________________ Debriefing Note You have just been tested on the Stroop task, producing the Stroop Effect whereby you read the word itself faster than you could identify the color you see. This can be explained through the theory of â€Å"Automatic Processing† in which the process of reading becomes practiced so often that it is automatically activated without you being conscious.The process of reading is automatically triggered because you are conditioned to reading and this interferes with the task of color detection. T hank you for your participation in the experiment. Instructions: After you have signed the consent form, in the following minutes, you will be presented with a list of 20 words. You have to read out loud the color that the words are printed (not the word itself) in order that they are presented. You will be timed while reading these words out loud. If you have made a mistake, please correct yourself before continuing the next word.You may start when you are ready. Materials: 1. 1. RED 2. GREEN 3. PURPLE 4. RED 5. BLUE 6. BROWN 7. BLUE 8. GREEN 9. BROWN 10. PURPLE 11. RED 12. BLUE 13. BROWN 14. PURPLE 15. GREEN 16. BLUE 17. RED 18. GREEN 19. BROWN 20. PURPLE List of 20 Congruent Words (TEST #1) 3. List of 20 Incongruent words (TEST #2) 21. RED 22. BLUE 23. PURPLE 24. BROWN 25. PURPLE 26. BLUE 27. GREEN 28. RED 29. BROWN 30. PURPLE 1. RED 2. BLUE 3. GREEN 4. PURPLE 5. BLUE 6. GREEN 7. BROWN 8. RED 9. GREEN 10. BROWN *The words were actually printed out in Times New Roman size 24 Raw d ata:Time for the Stroop task (sec)| Test #1| Test #2| 10. 6| 16. 1| 10. 7| 17. 1| 11. 2| 17. 5| 11. 7| 18. 4| 12. 2| 19. 9| 12. 2| 20. 5| 13. 3| 21. 1| 13. 4| 22. 5| 13. 8| 22. 8| 14. 5| 23. 8| 15. 1| 24. 1| 15. 2| 24. 4| 15. 9| 25. 5| 16. 4| 31. 3| 18. 2| 31. 3| Finding the Mean: Test #1 Using the formula x-=? xn where x– is the mean, ? x is the sum of all the terms and n is the number of terms x-=204. 415 x-? 13. 6 seconds Test #2 x-=336. 115 x-? 22. 4 seconds The mean was used since it is assumed that the population is a normal distribution Finding the Standard Deviation:For Test #1: Time (seconds) (x)| Mean (x-)| Deviation (d)(x-x-)| Squared Deviation (d2) (x-x-)2| 10. 6| 13. 6| (10. 6-13. 6)= -3| (-3)2= 9| 10. 7| 13. 6| (10. 7-13. 6)= -2. 9| 8. 41| 11. 2| 13. 6| (11. 2-13. 6)= -2. 4| 5. 76| 11. 7| 13. 6| (11. 7-13. 6)= -1. 9| 3. 61| 12. 2| 13. 6| (12. 2-13. 6)= -1. 4| 1. 96| 12. 2| 13. 6| (12. 2-13. 6)= -1. 4| 1. 96| 13. 3| 13. 6| (13. 3-13. 6)= -0. 3| 0. 09| 13. 4| 13. 6| (13. 4-13. 6)= -0. 2| 0. 04| 13. 8| 13. 6| (13. 8-13. 6)= 0. 2| 0. 04| 14. 5| 13. 6| (14. 5-13. 6)= 0. 9| 0. 81| 15. 1| 13. 6| (15. 1-13. 6)= 1. 5| 2. 25| 15. | 13. 6| (15. 2-13. 6)= 1. 6| 2. 56| 15. 9| 13. 6| (15. 9-13. 6)= 2. 3| 5. 29| 16. 4| 13. 6| (16. 4-13. 6)= 2. 8| 7. 84| 18. 2| 13. 6| (18. 2-13. 6)= 4. 6| 21. 16| n=15| | | ? (x-x-)2=70. 78| *The deviation can be found by subtracting the time by the mean of all the numbers (found earlier). The square deviation can be found by squaring the deviation and ? (x-x-)2 can be found by adding up all the squared deviation for different times. Using the formula for standard deviation: Where: = standard deviation ?= sum of x= each value in the set x-= mean of all values in the data set = number of value in the data set Standard Deviation= 70. 7815 ? 2. 2 For Test #2: Time Seconds (x)| Mean (x-)| Deviation (d) (x-x-)| Squared Deviation (d2) (x-x-)2| 17. 1| 22. 4| -5. 3| 28. 09| 17. 5| 22. 4| -4. 9| 24. 01| 18. 4| 22. 4| -4| 16| 19. 9| 22. 4| -2. 5| 6. 25| 20. 5| 22. 4| -1. 9| 3. 61| 21. 1| 22. 4| -1. 3| 1. 69| 22. 5| 22. 4| 0. 1| 0. 01| 22. 8| 22. 4| 0. 4| 0. 16| 23. 8| 22. 4| 1. 4| 1. 96| 24. 1| 22. 4| 1. 7| 2. 89| 24. 4| 22. 4| 2| 4| 25. 5| 22. 4| 3. 1| 9. 61| 31. 3| 22. 4| 8. 9| 79. 21| 31. 3| 22. 4| 8. 9| 79. 21| n=15| | | ? (x-x-)2=256. 7| Standard Deviation= 256. 15 ? 4. 1 Finding the Median: Since there is odd number of terms (15 terms), the median is the middle number which is number 8 when you organize the number in increasing order from smallest to largest: Test #1: 13. 4 Test #2: 22. 5 Finding the Range: The range is the difference between the largest and the smallest value of the data. Therefore, take the largest value and subtract with the smallest value. Test #1: 18. 2-10. 6 = 7. 6 seconds Test#2: 31. 3-16. 1= 15. 2 seconds Table: Median and Range of the two Tests | Median (sec)| Range (sec)| Test #1| 13. 4| 7. 6| Test #2| 22. 5| 15. 2|In Test #1, the speed or the time for the participants to compl etely read the words ranges from 10. 6 seconds up to 18. 2 seconds. The difference between the slowest and the fastest speeds (range) is 7. 6. The median for Test #1 is 13. 4 seconds. In Test #2, the speed ranges from 16. 1 seconds to 31. 3 seconds and the difference between the slowest and fastest speeds (range) is 15. 2. The median for Test #2 is 22. 5. * In test #1, most of the participants took around 13 to 14 and 15 to 16 seconds to complete the task . * In test #2, the histogram is skewed to the left where most participants spent from 16 to 26 seconds to complete the task.

America’s Global War on Terrorism Essay

At 8:46 am, on September 11, 2001, the world would take witness to an event that would change it forever. Five hijackers, with the support of a terrorist group named Al Qaeda, crashed a passenger jet into World Trade Center Tower 1, and seventeen minutes later a second passenger jet was crashed into World Trade Center Tower 2. Now, everyone can remember exactly where they were when they received the news of the attack, but, what most American’s didn’t realize is that these events would lead to the majority of the world into war. This was the first time that the United States would participate in a war against and idea, terrorism, and not a declaration of war against a country itself. In every war that the United States had been involved in, they had been faced against an enemy in the form of a country. Whether it was Spain, Mexico, Britain, France, Germany, Japan, or even against itself, the United States always had a target. These â€Å"targets† usually had a uniform; they were also in support of a dictator, king, or even a tyrant. But with the War on Terror, the United States and its allied NATO Nations were not taking actions against a country; they were taking actions against an ideology that had affected the entire planet. The route of this ideology can be traced back to one man, Osama bin Laden. Osama bin Laden, with the help of the United States, forced an invading Soviet Russia out of the country of Afghanistan in the 1980’s. Then, with the support of a radical Islamic state, and the formation of a radical group calling themself al-Qaeda, he declared war on the United States in 1996 (Lansford, Watson & Covarrubias, 2009). Bin Laden was quoted saying, â€Å"If the instigation for jihad against the Jews and the Americans†¦is considered a crime, then let history be a witness that I am a criminal (Lansford, Watson & Covarrubias, 2009).† With this foundation of hatred towards Western influence in the modern world, Osama bin Laden and his radical group al-Qaeda instigated a War against the world. The group al-Qaeda has taken responsibility of many terrorist attacks against the United States and its allied countries. From the World Trade Center attacks of 2001, to the Spain subway bombings of 2004, al-Qaeda has been at the center of these terrorist attacks. Unfortunately, unlike most wars declared against a country, al-Qaeda has roots in many countries. They’ve been linked to attacks in: Africa, Europe, North America; are believed to have ties to other terrorist cells like the Taliban, and the Revolutionary Armed Forced of Colombia; and are known to have cells based in Afghanistan, Iran, and Pakistan (Lansford, Watson & Covarrubias, 2009). Former President George Bush described al-Qaeda as â€Å"a fringe form of Islamic extremism that has been rejected by Muslim scholars and the vast majority of Muslim clerics; a fringe movement that perverts the peaceful teachings of Islam (Holloway, 2008).† This declared War on Terror was against terrorist groups, like al-Qaeda , but many did believe that the Former President had a hidden agenda. With the attacks of September 11th, a new foreign policy known as, â€Å"Bush Doctrine,† was implemented by the Bush administration. The â€Å"Bush Doctrine,† which the Bush administration rarely ever called its new foreign policy was based around four ideas: to make no distinction between terrorist and the countries harboring them, take the fight to enemies overseas before they can attack the United States, confront threats before they become threats, and promote democracy instead of terrorist ideology (Holloway, 2008). At the beginning of the war, the American people being full of patriotism and wanting revenge for the 9/11 attacks were in 100% agreement with this policy, but as time passed and the years that this â€Å"war† has gone on, more and more are in less support and just want the United States military to be brought home. Towards the end of President Bush’s second term, he began to be under constant attack due to the war in Iraq and Afghanistan. He was accused of invading Iraq under false pretenses of: weapons of mass destruction, and a direct influence of 9/11 by Saddam Hussein’s regime (Holloway, 2008), a plateau that our current President, Barack Obama, used to his advantage during his initial campaign. Yet, even though Former President Bush was attacked and scrutinized about his policies, he stood by his initial belief that his â€Å"Global War on Terror† was against an ideology, and not a certain country. Whether or not the current 10-year war was actually waged against Osama Bin Laden, Saddam Hussein, Muammar al-Gaddafi, or any other tyrant is truly unknown, and if the September 9/11 attacks were hoaxed and just a coercion for the American people to be tricked into war, who knows. What can be known is this; the War on Terror is the first time that the United States has declared war on an idea, a way of life, and not against a country of its own, and because of this, the true length of this war has the ability to last forever. Holloway, D. (2008). 9/11 and the war on terror [electronic resource] / david holloway . Edinburg University Press. Lansford, T., Watson, R., & Covarrubias, J. (2009).America’s war on terror [electronic resource] / by tom lansford, robert p. watson and jack covarrubias. (2nd ed.). Burlington, VT: Ashgate.

Biography of Audrey Hepburn, Elegant Actress

Biography of Audrey Hepburn, Elegant Actress Audrey Hepburn (May 4, 1929–Jan. 20, 1993) was an Academy-Award winning actress and a fashion icon in the 20th century. Having almost starved to death in the Nazi-occupied Netherlands during World War II, Hepburn became a goodwill ambassador for starving children. Considered one of the most beautiful and elegant women in the world then and now, Hepburns beauty shone through her doe eyes and contagious smile. A trained ballet dancer who never performed in a ballet, Hepburn was Hollywood’s most sought-after actress in the mid-20th century. Fast Facts: Audrey Hepburn Known For: Famous 20th-century actressAlso Known As: Audrey Kathleen Ruston, Edda van HeemstraBorn: May 4, 1929 in  Brussels, BelgiumParents: Baroness Ella van Heemstra, Joseph Victor Anthony RustonDied: Jan. 20,1993 in  Vaud, SwitzerlandNoted Films: Roman Holiday, Sabrina,  My Fair Lady, Breakfast at Tiffany’sAwards and Honors: Academy Award for Best Actress and Golden Globe for Best Actress (Roman Holiday, 1954), BAFTA (The Nuns Story, 1960), Jean Hersholt Humanitarian Award (1993), Emmy Award for Outstanding Individual Achievement – Informational Programming (Gardens of the World with Audrey Hepburn, 1993)Spouse(s): Mel Ferrer (m.  1954–1968), Andrea Dotti (m.  1969–1982)Children: Sean Hepburn Ferrer, Luca DottiNotable Quote: The beauty of a woman must be seen from in her eyes because that is the doorway to her heart, the place where love resides. Early Years Hepburn was born the daughter of a British father and a Dutch mother in Brussels, Belgium, on May 4, 1929. When Hepburn was 6 years old, her father Joseph Victor Anthony Hepburn-Ruston, a heavy drinker, deserted the family. Hepburns mother Baroness Ella van Heemstra moved her two sons (Alexander and Ian from a previous marriage) and Hepburn from Brussels to her father’s mansion in Arnhem, Netherlands. The following year in 1936, Hepburn left the country and moved to England to attend a private boarding school in Kent, where she enjoyed dance classes taught by a London ballet master. In 1939, when Hepburn was 10, Germany invaded Poland, beginning World War II. When England declared war on Germany, the Baroness moved Hepburn back to Arnhem for safety. However, Germany soon invaded the Netherlands. Life Under Nazi Occupation Hepburn lived under Nazi occupation from 1940 to 1945, using the name Edda van Heemstra so as not to sound English. Still living a privileged life, Hepburn received ballet training from Winja Marova at the Arnhem School of Music, where she received praise for her posture, personality, and performance. Life was normal at first; kids went to football games, swim meets, and the movie theater. However, with half a million occupying German soldiers using up Dutch resources, fuel and food shortages were soon rampant. These scarcities caused the Netherlands child death rate to increase by 40 percent. In the winter of 1944, Hepburn, who had already been enduring very little to eat, and her family were evicted when Nazi officers seized the Van Heemstra mansion. With most of their wealth confiscated, the Baron (Hepburn’s grandfather), Hepburn, and her mother moved to the Baron’s villa in the town of Velp, three miles outside of Arnhem. The war affected Hepburn’s extended family as well. Her Uncle Otto was shot to death for attempting to blow up a railroad. Hepburn’s half-brother Ian was forced to work in a German munitions factory in Berlin. Hepburn’s half-brother Alexander joined the underground Dutch resistance. Working for the Dutch Resistance Hepburn also resisted Nazi occupation. When the Germans confiscated all the radios, Hepburn delivered secret underground newspapers, which she hid in her oversized boots. She continued ballet and gave recitals to make money for the resistance until she was too weak from malnutrition. Four days after Adolf Hitler ended his life by committing suicide on April 30, 1945, the liberation of the Netherlands took place- coincidentally on Hepburn’s 16th birthday. Hepburn’s half-brothers returned home. The United Nations Relief and Rehabilitation Administration brought boxes of food, blankets, medicine, and clothes. Hepburn was suffering from colitis, jaundice, severe edema, anemia, endometriosis, asthma, and depression. With the war over, her family tried to resume a normal life. Hepburn no longer had to call herself Edda van Heemstra and went back to her name of Audrey Hepburn-Ruston. Hepburn and her mother worked at the Royal Military Invalids Home. Alexander (age 25) worked for the government in reconstruction projects while Ian (age 21) worked for Unilever, an Anglo-Dutch food and detergent company. Rise to Fame In 1945, Winja Marova referred Hepburn to Sonia Gaskell’s Ballet Studio ’45 in Amsterdam, where Hepburn studied ballet for three more years. Gaskell believed that Hepburn had something special; especially the way she used her doe eyes to captivate audiences. Gaskell introduced Hepburn to Marie Rambert of Ballet Rambert in London, a company performing night revues in London and international tours. Hepburn auditioned for Rambert and was accepted with scholarship in early 1948. By October, Rambert told Hepburn that she did not have the physique to become a prima ballerina because she was too tall (Hepburn was 5-foot-7). Plus, Hepburn didn’t compare to the other dancers since she had begun serious training too late in her life. Ups and Downs Devastated that her dream was over, Hepburn tried out for a part in the chorus line in High Button Shoes, a zany play at London’s Hippodrome. She got the part and performed 291 shows, using the name Audrey Hepburn. Afterward, Cecil Landeau, producer of the play Sauce Tartare (1949) had spotted Hepburn and cast her as the girl walking across the stage holding up the title card for each skit. With her impish smile and large eyes, she was cast at higher pay in the play’s sequel, Sauce Piquant (1950), in a few comedy skits. In 1950, Hepburn modeled part-time and registered herself as a freelance actress with the British film studio. She appeared in several bit parts in small movies before landing the role of a ballerina in The Secret People (1952), where she was able to show off her ballet talent. In 1951, the famed French writer Colette was on the set of Monte Carlo Baby (1953) and spotted Hepburn playing the small part of a spoiled actress in the movie. Colette cast Hepburn as Gigi in her musical comedy play Gigi, which opened on Nov. 24, 1951, on Broadway in New York at the Fulton Theater. Simultaneously, director William Wyler was looking for a European actress to play the lead role of a princess in his new movie, Roman Holiday, a romantic comedy. Executives in the Paramount London office had Hepburn do a screen test. Wyler was enchanted and Hepburn got the role. Gigi ran until May 31, 1952, earning Hepburn a Theatre World Award and plenty of recognition. Hepburn in Hollywood When Gigi ended, Hepburn flew to Rome to star in Roman Holiday (1953). The movie was a box-office success and Hepburn received the Academy Award for Best Actress in 1953 when she was 24 years old. Capitalizing on its newest star, Paramount cast her as the lead in Sabrina (1954), another romantic comedy, directed by Billy Wilder and in which Hepburn played a Cinderella type. It was the top box-office hit of the year and Hepburn was nominated for Best Actress again  but lost to Grace Kelly in The Country Girl. In 1954, Hepburn met and dated actor Mel Ferrer when they co-starred on Broadway in the hit play Ondine. When the play ended, Hepburn received the Tony Award and married Ferrer on September 25, 1954, in Switzerland.​ After a miscarriage, Hepburn fell into a deep depression. Ferrer suggested she return to work. Together they starred in the film War and Peace (1956), a romantic drama, with Hepburn getting top billing. While Hepburn’s career offered many successes, including another Best Actress nomination for her dramatic portrayal of Sister Luke in The Nun’s Story (1959), Ferrer’s career was on the decline. Hepburn discovered she was pregnant again in late 1958  but was on contract to star in a Western, The Unforgiven (1960), which began filming in January 1959. Later that same month during filming, she fell off a horse and broke her back. Although she recovered, Hepburn gave birth to a stillborn that spring. Her depression went deeper. Iconic Look Thankfully, Hepburn gave birth to a healthy son, Sean Hepburn-Ferrer, on January 17, 1960. Little Sean was always in tow and even accompanied his mother on the set of Breakfast at Tiffanys (1961). With fashions designed by Hubert de Givenchy, the film catapulted Hepburn as a fashion icon; she appeared on nearly every fashion magazine that year. The press took its toll, however, and the Ferrers bought La Paisible, an 18th-century farmhouse in Tolochenaz, Switzerland, to live in privacy. Hepburns successful career continued when she starred in The Children’s Hour (1961), Charade (1963), and then was cast in the universally acclaimed musical film, My Fair Lady (1964). After more successes, including the thriller Wait Until Dark (1967), the Ferrers separated. Two More Lovers In June 1968, Hepburn was cruising to Greece with friends aboard the yacht of Italy’s Princess Olympia Torlonia when she met Dr. Andrea Dotti, an Italian psychiatrist. That December, the Ferrers divorced after 14 years of marriage. Hepburn retained custody of Sean and married Dotti six weeks later. On February 8, 1970, at age 40, Hepburn gave birth to her second son, Luca Dotti. The Dottis lived in Rome, but while Ferrer had been nine years older than Hepburn, Dotti was nine years younger and still enjoyed the nightlife. In order to focus her attention on her family, Hepburn took a lengthy hiatus from Hollywood. Despite all her efforts, however, Dotti’s ongoing adultery caused Hepburn to seek a divorce in 1979 after nine years of marriage. In 1981 when Hepburn was 52, she met 46-year-old Robert Wolders, a Dutch-born investor and actor, who remained her companion for the rest of her life. Later Years Although Hepburn ventured back into a few more movies, in 1988 her main focus became helping with the United Nations International Childrens Emergency Fund (UNICEF). As a spokesperson for children in crises, she remembered the United Nations relief in Holland after WWII and threw herself into her work. She and Wolders traveled the world six months a year, bringing national attention to the needs of starving, sick children throughout the world. In 1992, Hepburn thought she had picked up a stomach virus in Somalia  but was soon diagnosed with colon cancer. After an unsuccessful surgery for colon cancer in November 1992, her doctors gave her three months to live. Death Hepburn, age 63, passed away on Jan. 20, 1993, at La Paisible. Her death was announced by UNICEF, the United Nations Childrens Fund, for which she had been a special ambassador since 1988. At a quiet funeral in Switzerland, pallbearers included Hubert de Givenchy and ex-husband Mel Ferrer. Legacy Though Hepburns film career was relatively brief, spanning mainly only the 1950s and 1960s, the American Film Institute named her among the greatest movie stars of all time. The AFI placed Hepburn in the third spot on its AFIs 100 Years...100 Stars  list of the 50 greatest screen legends, behind only Katharine Hepburn, at No. 1, and Betty Davis, at No. 2. (Katherine Hepburn and Audrey Hepburn were not related.) Hepburn is still remembered for such films as Roman Holiday and Breakfast at Tiffanys,  and to this day, she is still looked upon as a fashion icon for her style and elegance. Even decades after her death, Hepburn continues to be voted as one of the most beautiful women of all time on numerous polls. Sources â€Å"AFIs 100 Years...100 Stars.†Ã‚  American Film Institute.â€Å"Audrey Hepburn.†Ã‚  Biography.com, AE Networks Television, 22 Jan. 2019â€Å"Audrey Hepburn.†Ã‚  IMDb, IMDb.com.Friedman, Vanessa. â€Å"Givenchy and Hepburn: The Original Brand Ambassadors.†Ã‚  The New York Times, The New York Times, 13 Mar. 2018.â€Å"The Most Beautiful Women Of All Time.†Ã‚  Esquire, Esquire, 26 Nov. 2018.James, Caryn. â€Å"Audrey Hepburn, Actress, Is Dead at 63.†Ã‚  The New York Times, 21 Jan. 1993.Riding, Alan. â€Å"25 Years Later, Honor for Audrey Hepburn.†Ã‚  The New York Times, The New York Times, 22 Apr. 1991.Roman Holiday. Filmsite.org.

The Story of John Williams †Creative Writing Story

The Story of John Williams – Creative Writing Story Free Online Research Papers The Story of John Williams Creative Writing Story It was a dark evening, darker than usual, when John Williams decided to take his horse Rusty for a ride through the forest. He put on his dark robe and his hat, and left for the forest. After a long ride, a loud thunder boom almost knocked John off of his horse. Night was approaching rapidly, and after he felt the first weak raindrops of the brewing storm, he knew that he must head home. He motioned Rusty to take the cobblestone path to the left to head home. John was fairly confident of his location, but wasn’t exactly sure where he was. He was too stubborn to admit he was lost so he continued on the path, hoping to find his way. Out of the corner of his eye he caught a bright white light far off to the left. He decided to approach it, for he had never thoroughly explored this area before. When he veered off course and toward the light, he discovered a large mansion. The mansion was oddly white considering the shingles were old and rotting. As the rain drops grew larger and more frequent, he decided to head back on the path home. However, a low moan drew him closer to the house. Curiosity decided to take over, he just had to know what that sound was. He tied up his horse, took off his robe, and dove into the lake. The noise sounded louder this time as he pulled himself out of the moss-filled water. It sounded like an innocent person was being tortured; it was unlike any sound he had heard before in his life. He pushed open the door and stepped into the house. It was dark, but bright enough to make out some small details of the main room. Several pieces of dusty furniture sat, and the floor was filled with large holes. But the noise was coming from upstairs, and John carefully stepped up the creaking stairs. When he arrived at the top he quietly moved toward the source of the noise. Voices started talking in John’s head, he was wondering if he should go for more help. John knew it was too lat to turn back now so he pushed open the last door at the end of the hall and stepped inside to the most horrifying sight he had ever seen. John was so scared he couldn’t even speak. That following morning was bright and sunny. It was quite damp and the two young boys were walking through the forest. As they past the lake on their walk something black caught their eye. They walked up to it and picked it up. It was a black robe, and they had no idea where it could have come from. So they picked it up, and dusted it off. Then they threw a rock into the sun’s reflection in the empty lake. Its calm clear water rippled, and they walked away. Research Papers on The Story of John Williams - Creative Writing StoryThe Spring and AutumnMind TravelThe Hockey GameThe Masque of the Red Death Room meanings19 Century Society: A Deeply Divided EraHip-Hop is ArtHonest Iagos Truth through DeceptionCapital PunishmentHarry Potter and the Deathly Hallows EssayWhere Wild and West Meet

basic problem that can be seen in (MRP) Material requirement planning

basic problem that can be seen in (MRP) Material requirement planning Exercise 2 Material Requirement Planning for each part and Sub-Assembly a. It has been done in the attached excel sheet. b.Problems The basic problem that can be seen in MRP is the decision that the company should take with respect to procuring a sub-assembly directly or manufacturing it by using the raw materials. It has been seen that even though the lead time of the raw material like rubber face is 10 weeks, it is economical to manufacture the product through it. This is because, there has been enough time given before the first set of demand is predicted by the company. Hence, it is useless for the company in both cases to procure handle assembly or face assembly directly. The standard cost of manufacturing with the given lead times has cost it lesser. Also, one has to keep track of availability of all the materials so that the final product can be manufactured. Hence, maintaining unnecessary inventory to the maximum is the biggest challenge in this entire MRP design. No te: As procuring handle assembly directly costs more than making it through raw materials, hence handle assembly has been made with raw materials taking appropriate lead time and EOQ into account.ÂÂ   The same concept has been used for face assembly as well in the MRP. c. Alternatives For any further problem that the company identifies, it is appropriate that it is able to analyse the costs of all the sub-parts and sub-assemblies even before the actual forecasting is done. This would not put on into a dilemma as to how to approach the same. Also, the company has given the starting week of sales from week 13 which is far too late. MRP should be done on a closer basis so that none of the days get wasted. Here, we can see that none of the sub-parts required the first or second week of work. At the same time, one has to maintain least possible inventory. Exercise 3 It has been done in the attached excel sheet Exercise 4 It is certain that the average inventory value of the co mpany would increase with the imposition of safety lead time. The reason for the same is that initially it had been planned that while justifying the lead time of all the sub-parts, one would endeavour for least possible inventory. In all the cases, zero-inventory has been maintained over the exercise except for those occasions where there was initial inventory on week 1 itself. Even this has been used judicially so that the company is not left with the inventory once the sales proceeds as predicted by the company management of Psycho Sports. Hence, efficiency on this ground is certain to decrease this way hence raining the average inventory. Also, it is important to note here that while the safety lead time had been imposed, a number of sub-parts where procured to be remained in inventory without having any processing done. This also raises the cost of inventory for the company. But as it brings safety, there is lesser amount of risk involved in keeping the same. The exact values o f the same have been shown in the attached excel sheet. This safety lead time only decreases the dependency on the sales department of the company on achieving the exact sales in the week specified.

Strategy and the Management of Change Essay Example | Topics and Well Written Essays - 2000 words

Strategy and the Management of Change - Essay Example The company is a wholly owned subsidiary of the Lewis Trust Group Ltd. The diversified Lewis Trust Group operates in the retail, leisure, property and financial services industry (River Island, 2011). River Island has been present in the fashion retailing industry since the last six decades. The company is recognised for its elegant and reasonably priced fashion in addition to the exclusive touches the company gives to its fashion collection, making them standout from the other fashion retailers of the High Street (River Island, 2011). The company was established in the year 1948 in the form of a small store in London dealing with wool and ladies clothing. As the business expanded, the company started to focus only on ladies clothing and came to be known as ‘Lewis Separates’. By the year 1968, the company had around 70 stores in the UK. During the same time, Lewis Separates opened up few new concept stores with innovative designs and formats that were known as ‘Che lsea Girl’. Chelsea Girl was the foremost fashion boutique chain in the UK. In the year 1983, the company came up with men’s wear under the name ‘Concept Man’. Nevertheless, as a result of further progression, in 1988 the company evolved into theme store offering footwear, cosmetics, accessories, and men’s as well as women’s clothing and came to be known as ‘River Island’ (Competition Commission, 2004; Lea-Greenwood, 1993). The Environmental Analysis This section of the study would focus on the environmental analysis which would comprise of an assessment of the Political, Economic, Social, Technological, Environmental and Legal atmosphere affecting the United Kingdom where River Island is headquartered (Havergal & Edmonstone, 1999; Learn Marketing, n.d.). The United Kingdom offers a relatively stable domestic political environment to River Island. However, developed nations like the UK cannot contend with the developing countries in terms of low-cost manufacturing facilities and cheap labour. The regulations of the European Union impact the apparel industry of the UK in terms of minimum remunerations, fixed working hours and imports from across the EU boundary (Key Note, 2001). The economic environment of the UK would have an imperative impact on apparel stores like River Island. The rise in the prices of real estate particularly in the prime sites of the region might decelerate the store extension activity of River Island or might result in decrease in the floor space of the new stores. The augmentation in the oil prices would also increase expenses through the supply chain of the company. The potential economic depression in the region had lead to the decline in disposable income of the public on apparels and fashion products, causing a likely decline in the prospective market (Key Note, 2001). The major social trend prevalent these days is a shift towards lavish lifestyle and stylish clothing particularl y among the urban adults. The increased inclination of the public toward fashion garments and accessories have enhanced the necessity for product diversification amongst the apparel stores and River Island is no exception. The rapid technological advancement and the exceeding

Life is college Essay Example | Topics and Well Written Essays - 750 words

Life is college - Essay Example I further hoped that, through healthy relationships both with fellow students and the faculty, I would acquire great approach in learning and handling major courses in my field of choice. To me, being able to value relations with people, time, energy, besides personal abilities is an important duty if one aims for achieving real success. It was in my hope to meet different kinds of people with whom to share ideas or insights for I hoped as well to develop my communication skills and become an assertive and competent student through the span of my college life. Aside from fruitful interactions with other individuals, friends and colleagues alike, I also expected to have a rewarding experience with the academic facilities and resources of ISU, thinking of the possible ways I could utilize them to be equipped with adequate skills and knowledge toward scholastic excellence. On the other hand, however, I was anxious of encountering difficult subjects and instructors who might fall short at teaching the class with efficient tools and methods. I know the subject areas I am often weak at and I normally struggle to cope with subject matters that seem too technical or too analytical to comprehend. Inasmuch as I can, I would typically go an extra mile of studying and asking for all the help I can obtain to prepare myself for major exams and presentations. One of my greatest fears before was being left behind and failing to get by with the mental and emotional challenge of tertiary level studies. I feared loads of curricular assignments and take-home projects that could set me in conflict with time management and especially the potential to produce something that deserves an A. I thought that if I would not be able to interact sufficiently with people due to language barrier and other factors, I might find it hard to pass and finish college with grades that mu st make my parents proud. Now that I am in the eighth week of college at ISU, I must confess

The source Code for the implementation of Python Coursework

The source Code for the implementation of Python - Coursework Example It is evidently clear from the discussion that for each of the data files, the program performed multiple query execution. There were 7 questions, each with a separate SQL command to be executed in the program. The outcome is that the output is also displayed as a continuous block at the end of each source code. Essentially, because the questions applied to all the datasets, all the sections of the source code remained the same except the name of the table, which varied in all the source codes, from table2, to table3 then to table4. With this, the results were obtained differently. The second area of modification involved introduction of advanced methods in the management of the data files. This involved the introduction of GUI interactive platform to replace the command line. For example, the user is prompted by the system to enter the file name as shown in the paper. The program worked as per the requirement. This is confirmed by the screenshots captured during the execution of the program. The screenshots contain accurate values for the answers to the 7 questions in each stage. In that regard, the program is not only running, but also it is answering all the 7 questions in various ways. The program was executed in python 2.7.6. The challenge faced in its development process was to eliminate numerous errors. Various syntax and runtime errors were faced in the preparation of the program. The second challenge was the integration between python program and SQLite program. In this project, I have been able to develop the program to perform the analysis of the data in the CSV data files. The future of this program focuses on the ways of increasing the use of graphical tools and objects to further simplify the entire process. The level of success in this project can be given an overall rating of 77%. Once the transformation is done and the system becomes a full GUI application, then the rating can be increased beyond the current 77%.

Self Discovery Journey in Literature Essay Example | Topics and Well Written Essays - 750 words

Self Discovery Journey in Literature - Essay Example The discourse of self initiation should be looked at through the eye glass of the self; the characters created by the two authors display this side of every human being and, the almost desperate search that they start is common for all humans, thus I believe that the personal endeavor and voracious desire for knowledge do not shadow, but rather illuminate my very own understanding of the two books. The confession like statement of this paper that unravels the past fears and discoveries of my self concludes that life and the journey dedicated to spiritual evolution is present in every individual and that such novels as "The Alchemist" and "Jonathan Livingston Seagull" are not only very appealing to the readers, but also manage to bring back into focus the stages of becoming by unweaving and weaving back one's path. The analysis of the given literary corpus proved to reach a difficult point when I compared the styles of the two novels and the two different tones that speak about the becoming of the individual. Coelho's language is easier to apprehend and thus it proved to carry a more explicit message that immediately assures the revelations of the readers in front of a promised destiny. This author's description of the theme 'life as a journey' brings a world of magic and yet simple happiness that seems to be there at the end of the path. Unlike Coelho, Richard Bach imposes upon his readers a metaphor that shadows the plot and the message of the novel. As similar as they may seems, the language of the two novels has two tones: a calm and eventful one in "The Alchemist" and an extortionately dry one in "Jonathan Livingston Seagull". It is difficult and it takes an in-depth analysis in order to be able to set and discuss the intimate coordinates of the two souls that are incorporated in this unf olding. The main idea that this paper managed to discuss and that represents its strong point is the fact that the comparison between the two novels conveys a good understanding of the main characters: the shepherd and the seagull and their dynamics. Leaving aside the plot and focusing on the changes they go through, this paper brings in front of the readers a good understanding of the restless seagull and of the thriving young boy. The paper discussed only a part of the aspects present in the two novels and it did not cover the metaphysical and deeply symbolical dimension of the language. As simple as it may seem, the language used by both Coelho and Bach hides a symbolism that should be discussed in connection with the author's philosophy and not with my own personal believes; the literary analysis of the abstract ideas that come along with the story line is sure to bring a better understanding of the novels. However, this paper does trigger important questions which should be part of a future and detailed study of the transcendental dimensions of the self discovery journey as it appears in "The Alchemist" by Paulo Coelho and Richard Bach's "Jonathan Livingston Seagull". What's not a part of your paper that you think might help a reader understand or appreciate

Choose Essay Example | Topics and Well Written Essays - 1500 words

Choose - Essay Example Rawls and Nozick have different conceptions of justice and liberty because of their divergences on deserts, government’s role in ensuring justice, and whether justice or liberty is more important than the other. The paper asserts that Rawls has a more superior theory of justice than Nozick because he relates his theory of justice to liberty and rights and justifies the importance of justice to liberty, while Nozick’s framework of justice may improve liberty’s basis for individual rights, but his theory can lead to gross inequalities that can be justified as moral. Rawls says that we do not deserve the talents and natural gifts we are born with and the products we get from them because we are all born with some form of social advantage/disadvantage in one way or another, but such social inequality can be fixed to promote justice. He asserts that people start from biased positions in life that impact their social status, which, in turn, shapes his conception of jus tice. Rawls says that a man is not born equal with another because â€Å"[h]is character depends in large part upon fortunate family and social circumstances for which he can claim no credit† (Rawls 219). People are not born equal if they are born with varying levels of social advantage or disadvantage. ... He argues that people with more social and wealth endowments should sacrifice for the poor to reduce injustice in the world. Rawls underlines the role of the government and institutions in addressing inequality: â€Å"What is just and unjust is the way that institutions deal with these facts [of injustice through inequality]† (Rawls 218). In particular, Rawls stresses that what is just is to redistribute wealth to benefit the most worst off: â€Å"Those who have been favored by nature†¦may gain from their good fortune only on terms that improve the situation of those who have lost out† (Rawls 218). In other words, Rawls is saying that people do not deserve what they get from their talents and natural gifts, if others in society are worse off than they are, and to correct this, the government must step in to redistribute wealth that can lead to greater equality. To do this is to just, according to Rawls. Nozick disagrees with Rawls and argues for private property ri ghts where we deserve our talents and natural gifts and the products we get from them. Nozick asserts that a particular distribution of goods is just depending on how it came about (110), where people are seen as ends, not means to an end, whatever that end may be. He states: â€Å"An end-state view†¦would express the view that people are ends and not merely means† (104). The paper interprets that, if people are ends, then the state should not see them as means of improving justice. In addition, Nozick offers three kinds of justice to argue that people deserve the talents and natural gifts they have and the products from them. He asserts the first form of justice, where a person who acquires property â€Å"in accordance with the

The Gospels of Matthew and Mark Essay Example | Topics and Well Written Essays - 750 words

The Gospels of Matthew and Mark - Essay Example Another prevailing point concerning this issue argues that like many of the people’s common views during the time of Jesus, the disciples might have the significant thought that Jesus will have to immediately take political control of the government, as heir to David’s throne (LaHaye 96). This means that talking about the death of Jesus to save the humankind will not make sense at all because that would only mean not being able to fulfil the idea as what the disciples might have thought among themselves. This also may have impeded the probable expectations of the disciples that were hovering over their imaginations concerning Jesus’ future role. If we try to consider these arguments, one thing that can be remarkably clear is that confusion of the disciples was triggered by the prevailing way of thinking and as Shea explained, it was conventional consciousness that must be radically changed prior to understanding what Jesus meant by his death to save the humankind . Due to this conventional way of thinking, LaHaye’s thought concerning the disciples’ expectations may significantly apply. ... ving in mind the things of God are at their profoundest truth, which must require a substantial change of the conventional consciousness to the path of a more radical one. The Scripture says, â€Å"‘For my thoughts are not your thoughts, neither are your ways my ways,’ declares the Lord† (Isaiah 55:8; NIV). Thus, with human understanding alone, it will be harder to fathom what Jesus told to his disciples who were not having the exact idea on what was the next thing to come. At a specific example, this confusion that eventually bred fear resulted to Peter’s denial and the rest of Jesus’ disciples during his trial and crucifixion. Question number 4 Jesus said, â€Å"Do not think that I have come to abolish the Law or the Prophets; I have not come to abolish them but to fulfill them† (Matthew 5:17; NIV). Concerning his teaching about anger towards the neighbours, Jesus wants us to know that it will eventually be the same with a murder. Jesus want s the people to know that such anger will lead someone to be in danger of the fire of hell. â€Å"But anyone who says, ‘You fool’ will be in danger of the fire of hell† (Matthew 5:22c; NIV). Jesus also wants us to know that anyone who looks at a woman lustfully has already committed adultery with her in his heart. He said, â€Å"You have heard that it was said, Do not commit adultery.’ But I tell you that anyone who looks at the woman lustfully has already committed adultery with her in his heart† (Matthew 5:27-28; NIV). Concerning divorce, Jesus’ said, â€Å"But I tell you that anyone who divorces his wife, except for marital unfaithfulness, causes her to become an adulteress, and anyone who marries the divorced woman commits adultery† (Matthew 5:32; NIV). This is in line with what Jesus’ said that â€Å"Therefore what

Choose Essay Example | Topics and Well Written Essays - 1500 words

Choose - Essay Example Rawls and Nozick have different conceptions of justice and liberty because of their divergences on deserts, government’s role in ensuring justice, and whether justice or liberty is more important than the other. The paper asserts that Rawls has a more superior theory of justice than Nozick because he relates his theory of justice to liberty and rights and justifies the importance of justice to liberty, while Nozick’s framework of justice may improve liberty’s basis for individual rights, but his theory can lead to gross inequalities that can be justified as moral. Rawls says that we do not deserve the talents and natural gifts we are born with and the products we get from them because we are all born with some form of social advantage/disadvantage in one way or another, but such social inequality can be fixed to promote justice. He asserts that people start from biased positions in life that impact their social status, which, in turn, shapes his conception of jus tice. Rawls says that a man is not born equal with another because â€Å"[h]is character depends in large part upon fortunate family and social circumstances for which he can claim no credit† (Rawls 219). People are not born equal if they are born with varying levels of social advantage or disadvantage. ... He argues that people with more social and wealth endowments should sacrifice for the poor to reduce injustice in the world. Rawls underlines the role of the government and institutions in addressing inequality: â€Å"What is just and unjust is the way that institutions deal with these facts [of injustice through inequality]† (Rawls 218). In particular, Rawls stresses that what is just is to redistribute wealth to benefit the most worst off: â€Å"Those who have been favored by nature†¦may gain from their good fortune only on terms that improve the situation of those who have lost out† (Rawls 218). In other words, Rawls is saying that people do not deserve what they get from their talents and natural gifts, if others in society are worse off than they are, and to correct this, the government must step in to redistribute wealth that can lead to greater equality. To do this is to just, according to Rawls. Nozick disagrees with Rawls and argues for private property ri ghts where we deserve our talents and natural gifts and the products we get from them. Nozick asserts that a particular distribution of goods is just depending on how it came about (110), where people are seen as ends, not means to an end, whatever that end may be. He states: â€Å"An end-state view†¦would express the view that people are ends and not merely means† (104). The paper interprets that, if people are ends, then the state should not see them as means of improving justice. In addition, Nozick offers three kinds of justice to argue that people deserve the talents and natural gifts they have and the products from them. He asserts the first form of justice, where a person who acquires property â€Å"in accordance with the

Business Plan Bar & Grill Essay Example for Free

Business Plan Bar Grill Essay This is a business plan. It does not imply an offering of securities. 1.0 Executive Summary1 Chart: Highlights2 1.1 Objectives2 1.2 Mission2 1.3 Keys to Success2 2.0 Company Summary3 2.1 Company Ownership3 2.2 Start-up Summary4 Table: Start-up4 3.0 Products and Services5 4.0 Market Analysis Summary6 4.1 Market Segmentation6 Table: Market Analysis7 Chart: Market Analysis (Pie)7 4.2 Target Market Segment Strategy7 4.3 Service Business Analysis8 4.3.1 Competition and Buying Patterns9 5.0 Web Plan Summary9 5.1 Website Marketing Strategy9 5.2 Development Requirements9 6.0 Strategy and Implementation Summary9 6.1 SWOT Analysis10 6.1.1 Strengths10 6.1.2 Weaknesses10 6.1.3 Opportunities10 6.1.4 Threats10 6.2 Competitive Edge10 6.3 Marketing Strategy11 6.4 Sales Strategy11 6.4.1 Sales Forecast12 Table: Sales Forecast12 Chart: Sales Monthly13 Chart: Sales by Year13 6.5 Milestones14 Table: Milestones14 7.0 Management Summary14 7.1 Personnel Plan14 Table: Personnel15 8.0 Financial Plan15 8.1 Start-up Funding16 Table: Start-up Funding16 8.2 Important Assumptions17 8.3 Break-even Analysis17 Table: Break-even Analysis17 Chart: Break-even Analysis17 8.4 Projected Profit and Loss18 Table: Profit and Loss18 Chart: Profit Monthly19 Chart: Profit Yearly19 Chart: Gross Margin Monthly20 Chart: Gross Margin Yearly20 8.5 Projected Cash Flow21 Table: Cash Flow21 Chart: Cash22 8.6 Projected Balance Sheet23 Table: Balance Sheet23 8.7 Business Ratios25 Table: Ratios25 Table: Sales Forecast1 Table: Personnel1 Table: Profit and Loss2 Table: Cash Flow3 Table: Balance Sheet5 1.0 Executive Summary [Company Name] Contact: [Name] Direct Phone: XXX-XXX-XXXX Address: [Address] [City, State ZIP] Email: [Email Address] Introduction The long-term goal of [Company Name] is to serve quality food, have outstanding customer service and run and maintain a cost efficient base without sacrificing quality. [Company Name]serves high quality food and beverages in an inviting and friendly atmosphere at reasonable prices. [Company Name] is expanding its exposure through effective marketing as well as introducing the area to market segments that have not yet discovered the Company. Location [Company Name]is headquartered in Dwight, North Dakota which is located in Dickey County. The [Company Name] will be located on the site of the original [Company Name], which was built in 1961. This location is a landmark that sets on Highway 1 and 11 along the James River. The [Company Name] is nested nicely near the South Dakota border between Ellendale and Oakes, ND. The Company [Company Name]is a steakhouse concept which will offer a comfortable, friendly atmosphere. The Companys owner is [Name], who established the restaurant as a Limited Liability Corporation. [Name] has 15 years of industry experience as a bartender and 8 years of experience as a cook. [Company Name] will be open 5 days per week. Serving dinner Tuesday-Wednesday from 5:00 pm to 10:00 pm; on Thursday Saturday dinner served from 5:00 pm to 11:00 pm. Furthermore, the restaurant will be open one (1) Sunday a month on trial basis. Lunch will be served from 11:00 am to 2:00 pm. The restaurant will also be set-up as an all you can eat buffet style restaurant. Our Services [Company Name]s menu will feature char broiled steaks, chicken, shrimp, burgers and a variety of basket foods along with occasional weekend specials of prime rib and barbecued ribs. Beverages will include various beers, cocktails and non-alcoholic beverages. The Market [Company Name] will focus on local residents and anyone passing by who wants to enjoy a good meal in a comfortable, friendly, down home atmosphere. [Company Name]’s market segmentation scheme is fairly straightforward and focuses on the target market, Dickey County, North Dakota residents. These customers prefer certain services and quality of food and it’s the Companys duty to deliver on their expectations. Financial Considerations The current financial plan for [Company Name] is to obtain grant funding in the amount of $350,000. The grant will be used to get acquisition of the property, contents and rights to the business. Chart: Highlights [pic] 1.1 Objectives [Company Name]has three main objectives: †¢ To serve quality food. †¢ To have outstanding customer service. †¢ To run and maintain a cost efficient base without sacrificing quality. 1.2 Mission [Company Name]s mission is to serve high quality food and beverages in an inviting and friendly atmosphere at reasonable prices. 1.3 Keys to Success [Company Name]s keys to success are location, quality service and delicious food. 2.0 Company Summary [Company Name]is headquartered in Dwight, North Dakota Contact: [Name] Direct Phone: XXX-XXX-XXXX Address: [Address] [City, State ZIP] Email: [Email Address] The [Company Name] is located in Dwight, North Dakota, which is one mile west of the city Ludden in Dickey County. The Company is a start-up restaurant, owned by [Name], who has 15 years of industry experience as a bartender and 8 years of experience as a cook. Additionally, [Name] has 10 years of experience as an Administrative Assistant. [Company Name]is a steakhouse concept which will offer a comfortable, friendly atmosphere. The menu will feature char broiled steaks, chicken, shrimp, burgers and a variety of basket foods along with occasional weekend specials of prime rib and barbecued ribs. Beverages will include various beers, cocktails and non-alcoholic beverages. The [Company Name] will be located on the site of the original [Company Name], which was built in 1961. This location is a landmark that sets on Highway 1 and 11 along the James River. The [Company Name] is nested nicely near the South Dakota border between Ellendale and Oakes, ND. [Company Name]will be open 5 days per week. Serving dinner Tuesday-Wednesday from 5:00 pm to 10:00 pm; on Thursday Saturday dinner served from 5:00 pm to 11:00 pm. Furthermore, the restaurant will be open one (1) Sunday a month on trial basis. Lunch will be served from 11:00 am to 2:00 pm. The restaurant will also be set-up as an all you can eat buffet style restaurant. [Company Name]will be closed on New Year’s Day, Thanksgiving Day and Christmas Day. The lounge will be open Tuesday – Saturday from 5:00 pm to 1:00 am. The rest of business structure has not been identified as of date. There will be an attorney and accountant determined at a later date. 2.1 Company Ownership [Company Name]is a Limited Liability Corporation. The owner of the start-up restaurant is [Name], who has 100% ownership of the business. 2.2 Start-up Summary The following table and chart shows the start-up costs for [Company Name], LLC Table: Start-up |Start-up | | | | | |Requirements | | | | | |Start-up Expenses | | |Software (Cost/Inventory Control) |$500 | |Liquor/Food License (State/County) |$1,800 | |Inspections |$1,000 | |Supplies |$2,500 | |Utilities Deposit |$1,500 | |Legal Accounting fees |$5,000 | |Propane Tank 1st Fill |$3,000 | |Total Start-up Expenses |$15,300 | | | | |Start-up Assets | | |Cash Required |$0 | |Start-up Inventory |$26,000 | |Other Current Assets |$30,950 | |Long-term Assets |$329,800 | |Total Assets |$386,750 | | | | |Total Requirements |$402,050 | Chart: Start-up [pic] 3.0 Products and Services [Company Name]is a comfortable, inviting restaurant designed to make its customers feel at home. The dining side has a sizzling 48 gas powered grill and char boiler which will make all steaks to perfection. [Company Name] Menu: The following meals come with the customer’s choice of potato, baked, hash brown or fries. Meals also include a trip to the full salad bar! All steaks are hand cut daily and charbroiled to perfection. Steaks Choice Sirloin 10 oz †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ $13.75 House Sirloin 8 oz †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ $12.50 Petite Sirloin 6 oz †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ $9.75 Beef Tips-grilled or hand dipped in batter-deep fried†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ $12.50 Rib eye 12 oz†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. $16.25 Rib eye 10 oz †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ $14.75 Steak and Shrimp 6 oz sirloin steak with three deep fried shrimp †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ $15.50 Seafood Walleye dipped in batter and deep fried †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ $15.75 4 Jumbo shrimp served with tater sauce or red sauce†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. $13.50 Cod (Torsk)†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ $11.50 Chicken  ¼ pc dinner†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ $11.50  ½ pc dinner†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ $13.50 Baskets All baskets served with fries or onion rings. Burgers are  ½ lb handmade served on toasted bun. Hamburger basket †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ $7.50 Cheese burger basket†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. $7.75 Burger basket served w/cheese, lettuce, onion, tomato†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ $8.50 Chicken Strip (4 pc) basket †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ $8.75 Chicken Drummies (6) basket †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ $8.75 Breaded Tip basket †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ $9.25 Appetizer Platter Chicken drummies, Onion rings, Cheese sticks, Mushrooms, Mini Egg Rolls. Served with Ranch Dressing†¦.†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ $15.25 Beverages Coffee †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ $1.00 Tea †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ $1.00 Soda†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. $1.50 Milk†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ $1.50 4.0 Market Analysis Summary The U.S. restaurant industry, which consist of fast food, casual dining and upscale chains, is facing its toughest stretch in three decades. This is due to declining guest traffic, declining average check, and a decline in sales. To survive, restaurant operators will need to balance incentives and discounts with added value and brand enhancement. Steak restaurants comprise less than 5% of the total restaurant market. Service oriented steak houses have room to grow. Meat and potatoes are still what Americans want, and they want it with good service. [Company Name]will focus on local residents and anyone passing by who wants to enjoy a good meal in a comfortable, friendly, down home atmosphere. [Company Name] intends to cater to a wide group of people. The Company wants everyone to feel welcome and relaxed in a friendly atmosphere with a large menu selection. It is its goal to have the most tender, tastiest steaks in the area. [Company Name]has the services necessary to flourish within this industry. By delivering superior customer service, offering affordable prices and developing an outstanding reputation, [Company Name]s potential is excellent. 4.1 Market Segmentation Individuals going out to spend good money on meals or beverages want a variety of items to choose from. Additionally, these individuals want to dine at an establishment with consistent business hours. [Company Name]will be more than willing to offer that to all customers who walk into the business. The Company wants to create an environment that is fun, friendly and comfortable with prices that are very competitive. Customers are the first priority. [Company Name]s market segmentation scheme is fairly straightforward and focuses on the target market, Dickey County, North Dakota residents. These customers prefer certain services and quality of food and its Companys duty to deliver on their expectations. The information contained in the market analysis table, displays [Company Name]s main markets. All of [Company Name]s clients will benefit from its delicious food, atmosphere and exceptional customer service. Table: Market Analysis |Market Analysis | | | | | | Year 1 | Year 2 | Year 3 | |Sales | | | | |Food |$259,480 |$275,049 |$291,552 | |Dining Beverage |$14,400 |$15,264 |$16,180 | |Bar Beverage |$30,928 |$32,784 |$34,751 | |Total Sales |$304,808 |$323,096 |$342,482 | | | | | | |Direct Cost of Sales | Year 1 | Year 2 | Year 3 | |Food |$90,800 |$96,248 |$102,023 | |Dining Beverage |$1,440 |$1,526 |$1,618 | |Bar Beverage |$9,588 |$10,163 |$10,773 | |Subtotal Direct Cost of Sales |$101,828 |$107,938 |$114,414 | Chart: Sales Monthly [pic] Chart: Sales by Year [pic] 6.5 Milestones In order to achieve the growth and marketing goals that have been outline in this business plan, [Company Name]has deadlines to meet and ideas to implement. Some of these are outlined below: 1. Obtain grant funding in the amount of $350,000 to improve business 2. Acquisition of the property, contents and rights to the business Table: Milestones |Milestones | | | | | | Year 1 | Year 2 | Year 3 | |Owner/Manager |$33,600 |$34,272 |$34,957 | |Head Cook |$16,800 |$17,136 |$17,479 | |Asst. Cook |$7,776 |$7,932 |$8,090 | |Head Waiter |$12,180 |$12,424 |$12,672 | |Waiters |$13,080 |$13,342 |$13,608 | |Bartenders |$8,352 |$8,519 |$8,689 | |Dishwashers |$6,264 |$6,389 |$6,517 | |Total People |14 |14 |14 | | | | | | |Total Payroll |$98,052 |$100,013 |$102,013 | 8.0 Financial Plan The current financial plan for [Company Name]is to obtain grant funding in the amount of $350,000. The grant will be used to get acquisition of the property, contents and rights to the business. The following sections of this plan will serve to describe [Company Name]s financial plan in more detail: †¢ General Assumptions †¢ Break-even Analysis †¢ Profit and Loss †¢ Cash Flow †¢ Balance 8.1 Start-up Funding [Company Name]s start-up costs are detailed in the Start-up Table. The following table shows how these start-up costs will be funded. Table: Start-up Funding |Start-up Funding | | |Start-up Expenses to Fund |$15,300 | |Start-up Assets to Fund |$386,750 | |Total Funding Required |$402,050 | | | | |Assets | | |Non-cash Assets from Start-up |$386,750 | |Cash Requirements from Start-up |$0 | |Additional Cash Raised |$0 | |Cash Balance on Starting Date |$0 | |Total Assets |$386,750 | | | | | | | |Liabilities and Capital | | | | | |Liabilities | | |Current Borrowing |$0 | |Long-term Liabilities |$0 | |Accounts Payable (Outstanding Bills) |$0 | |Other Current Liabilities (interest-free) |$0 | |Total Liabilities |$0 | | | | |Capital | | | | | |Planned Investment | | |Owner |$10,000 | |Outside Financing |$350,000 | |Additional Investment Requirement |$42,050 | |Total Planned Investment |$402,050 | | | | |Loss at Start-up (Start-up Expenses) |($15,300) | |Total Capital |$386,750 | | | | | | | |Total Capital and Liabilities |$386,750 | | | | |Total Funding |$402,050 | 8.2 Important Assumptions The table below presents the assumptions used in the financial calculations of this business plan. The average percent variable cost is estimated to be 33%. The estimated monthly fixed cost is $13,705. 8.3 Break-even Analysis For the break-even analysis, the monthly revenue needed to break-even is $20,581. The break-even analysis has been calculated on the burn rate of the Company. [Company Name]feels that this gives the investor a more accurate picture of the actual risk of the venture. Table: Break-even Analysis |Break-even Analysis | | | | | |Monthly Revenue Break-even |$20,581 | | | | |Assumptions: | | |Average Percent Variable Cost |33% | |Estimated Monthly Fixed Cost |$13,705 | Chart: Break-even Analysis [pic] 8.4 Projected Profit and Loss [Company Name]s Pro Forma Profit and Loss statement was constructed from a conservative point-of-view, and is based in large part on past performance. The income for Year 1, Year 2 and Year 3 are $304,808, $323,096 and $342,482, respectively. The net profit for the same period is $26,961, $36,035 and $42,838, respectively. The percentages of the net profit sales for this period were 8.85%, 11.15% and 12.51%, respectively. Once the Company receives grant funding to add the new assets, the depreciation of the building will be over a 20 year period, while the equipment will be depreciated over a 7 year period. Table: Profit and Loss |Pro Forma Profit and Loss | | | | | | Year 1 | Year 2 | Year 3 | |Sales |$304,808 |$323,096 |$342,482 | |Direct Cost of Sales |$101,828 |$107,938 |$114,414 | |Other Costs of Sales |$0 |$0 |$0 | |Total Cost of Sales |$101,828 |$107,938 |$114,414 | | | | | | |Gross Margin |$202,980 |$215,159 |$228,068 | |Gross Margin % |66.59% |66.59% |66.59% | | | | | | |Expenses | | | | |Payroll |$98,052 |$100,013 |$102,013 | |Marketing/Promotion |$6,250 |$6,438 |$6,631 | |Depreciation |$12,045 |$13,143 |$13,143 | |Supplies |$600 |$618 |$637 | |Utilities |$8,400 |$8,652 |$8,912 | |Insurance |$5,004 |$5,004 |$5,004 | |Maintenance |$1,200 |$1,236 |$1,273 | |Office Expense |$1,800 |$1,854 |$1,910 | |Payroll Taxes |$9,805 |$10,001 |$10,201 | |Phone/TV/Internet |$1,800 |$1,854 |$1,910 | |Propane |$12,000 |$12,360 |$12,731 | |Property Tax |$2,508 |$2,508 |$2,508 | |Acct Legal |$5,000 |$0 |$0 | | | | | | |Total Operating Expenses |$164,464 |$163,681 |$166,871 | | | | | | |Profit Before Interest and Taxes |$38,516 |$51,478 |$61,197 | |EBITDA |$50,561 |$64,621 |$74,340 | | Interest Expense |$0 |$0 |$0 | | Taxes Incurred |$11,555 |$15,443 |$18,359 | | | | | | |Net Profit |$26,961 |$36,035 |$42,838 | |Net Profit/Sales |8.85% |11.15% |12.51% | Chart: Profit Monthly [pic] Chart: Profit Yearly [pic] Chart: Gross Margin Monthly [pic] Chart: Gross Margin Yearly [pic] 8.5 Projected Cash Flow [Company Name] is a start-up Company that has applied for a grant of $350,000. The Company forecasts that it will receive funding in the month of October. During this period, the Company will get acquisition of the property, contents and rights to the business. The following table displays [Company Name]s cash flow, and the chart illustrates monthly cash flow in the first year. Monthly cash flow projections are also included in the appendix. Table: Cash Flow |Pro Forma Cash Flow | | | | | | Year 1 | Year 2 | Year 3 | |Cash Received | | | | | | | | | |Cash from Operations | | | | |Cash Sales |$304,808 |$323,096 |$342,482 | |Subtotal Cash from Operations |$304,808 |$323,096 |$342,482 | | | | | | |Additional Cash Received | | | | |Sales Tax, VAT, HST/GST Received |$0 |$0 |$0 | |New Current Borrowing |$0 |$0 |$0 | |New Other Liabilities (interest-free) |$0 |$0 |$0 | |New Long-term Liabilities |$0 |$0 |$0 | |Sales of Other Current Assets |$0 |$0 |$0 | |Sales of Long-term Assets |$0 |$0 |$0 | |New Investment Received |$350,000 |$0 |$0 | |Subtotal Cash Received |$654,808 |$323,096 |$342,482 | | | | | | |Expenditures | Year 1 | Year 2 | Year 3 | | | | | | |Expenditures from Operations | | | | |Cash Spending |$98,052 |$100,013 |$102,013 | |Bill Payments |$136,504 |$176,166 |$184,277 | |Subtotal Spent on Operations |$234,556 |$276,179 |$286,291 | | | | | | |Additional Cash Spent | | | | |Sales Tax, VAT, HST/GST Paid Out |$0 |$0 |$0 | |Principal Repayment of Current Borrowing |$0 |$0 |$0 | |Other Liabilities Principal Repayment |$0 |$0 |$0 | |Long-term Liabilities Principal Repayment |$0 |$0 |$0 | |Purchase Other Current Assets |$0 |$0 |$0 | |Purchase Long-term Assets |$0 |$0 |$0 | |Dividends |$0 |$0 |$0 | |Subtotal Cash Spent |$234,556 |$276,179 |$286,291 | | | | | | |Net Cash Flow |$420,252 |$46,917 |$56,192 | |Cash Balance |$420,252 |$467,170 |$523,361 | Chart: Cash [pic] 8.6 Projected Balance Sheet [Company Name]s net worth is $763,711, $799,746 and $842,583, for Year 1, Year 2 and Year 3, respectively. Table: Balance Sheet |Pro Forma Balance Sheet | | | | | | Year 1 | Year 2 | Year 3 | |Assets | | | | | | | | | |Current Assets | | | | |Cash |$420,252 |$467,170 |$523,361 | |Inventory |$10,924 |$11,342 |$12,023 | |Other Current Assets |$30,950 |$30,950 |$30,950 | |Total Current Assets |$462,126 |$509,462 |$566,334 | | | | | | |Long-term Assets | | | | |Long-term Assets |$329,800 |$329,800 |$329,800 | |Accumulated Depreciation |$12,045 |$25,188 |$38,331 | |Total Long-term Assets |$317,755 |$304,612 |$291,469 | |Total Assets |$779,881 |$814,074 |$857,803 | | | | | | Table: Balance Sheet (Continued) |Liabilities and Capital | Year 1 | Year 2 | Year 3 | | | | | | |Current Liabilities | | | | |Accounts Payable |$16,170 |$14,328 |$15,219 | |Current Borrowing |$0 |$0 |$0 | |Other Current Liabilities |$0 |$0 |$0 | |Subtotal Current Liabilities |$16,170 |$14,328 |$15,219 | | | | | | |Long-term Liabilities |$0 |$0 |$0 | |Total Liabilities |$16,170 |$14,328 |$15,219 | | | | | | |Paid-in Capital |$752,050 |$752,050 |$752,050 | |Retained Earnings |($15,300) |$11,661 |$47,696 | |Earnings |$26,961 |$36,035 |$42,838 | |Total Capital |$763,711 |$799,746 |$842,583 | |Total Liabilities and Capital |$779,881 |$814,074 |$857,803 | | | | | | |Net Worth |$763,711 |$799,746 |$842,583 | 8.7 Business Ratios The table below presents ratios from the full-service restaurant markets as a reference. Table: Ratios |Ratio Analysis | | | | | | | Year 1 | Year 2 | Year 3 |Industry Profile | |Sales Growth |n.a. |6.00% |6.00% |1.65% | | | | | | | |Percent of Total Assets | | | | | |Inventory |1.40% |1.39% |1.40% |6.34% | |Other Current Assets |3.97% |3.80% |3.61% |43.25% | |Total Current Assets |59.26% |62.58% |66.02% |53.12% | |Long-term Assets |40.74% |37.42% |33.98% |46.88% | |Total Assets |100.00% |100.00% |100.00% |100.00% | | | | | | | |Current Liabilities |2.07% |1.76% |1.77% |25.40% | |Long-term Liabilities |0.00% |0.00% |0.00% |73.91% | |Total Liabilities |2.07% |1.76% |1.77% |99.31% | |Net Worth |97.93% |98.24% |98.23% |0.69% | | | | | | | |Percent of Sales | | | | | |Sales |100.00% |100.00% |100.00% |100.00% | |Gross Margin |66.59% |66.59% |66.59% |58.06% | |Selling, General Administrative Expenses |57.75% |55.44% |54.08% |23.02% | |Advertising Expenses |2.05% |1.99% |1.94% |1.74% | |Profit Before Interest and Taxes |12.64% |15.93% |17.87% |6.52% | | | | | | | |Main Ratios | | | | | |Current |28.58 |35.56 |37.21 |1.25 | |Quick |27.90 |34.77 |36.42 |1.00 | |Total Debt to Total Assets |2.07% |1.76% |1.77% |99.31% | |Pre-tax Return on Net Worth |5.04% |6.44% |7.26% |4325.19% | |Pre-tax Return on Assets |4.94% |6.32% |7.13% |29.65% | | | | | | | Table: Ratios (Continued) |Additional Ratios | Year 1 | Year 2 | Year 3 | | |Net Profit Margin |8.85% |11.15% |12.51% |n.a | |Return on Equity |3.53% |4.51% |5.08% |n.a | | | | | | | |Activity Ratios | | | | | |Inventory Turnover |10.09 |9.70 |9.79 |n.a | |Accounts Payable Turnover |9.44 |12.17 |12.17 |n.a | |Payment Days |27 |32 |29 |n.a | |Total Asset Turnover |0.39 |0.40 |0.40 |n.a | | | | | | | |Debt Ratios | | | | | |Debt to Net Worth |0.02 |0.02 |0.02 |n.a | |Current Lab. to Liab. |1.00 |1.00 |1.00 |n.a | | | | | | | |Liquidity Ratios | | | | | |Net Working Capital |$445,956 |$495,134 |$551,114 |n.a | |Interest Coverage |0.00 |0.00 |0.00 |n.a | | | | | | | |Additional Ratios | | | | | |Assets to Sales |2.56 |2.52 |2.50 |n.a | |Current Debt/Total Assets |2% |2% |2% |n.a | |Acid Test |27.90 |34.77 |36.42 |n.a | |Sales/Net Worth |0.40 |0.40 |0.41 |n.a | |Dividend Payout | 0.00 |0.00 |0.00 |n.a | Table: Sales Forecast Sales Forecast Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12SalesFood$19,346 $19,733 $20,128 $20,531 $20,942 $21,361 $21,788 $22,224 $22,668 $23,121 $23,583 $24,055 Dining Beverage$1,000 $1,102 $1,124 $1,146 $1,169 $1,192 $1,216 $1,240 $1,265 $1,290 $1,316 $1,340 Bar Beverage$2,306 $2,352 $2,399 $2,447 $2,496 $2,546 $2,597 $2,649 $2,702 $2,756 $2,811 $2,867 Total Sales$22,652 $23,187 $23,651 $24,124 $24,607 $25,099 $25,601 $26,113 $26,635 $27,167 $27,710 $28,262 Direct Cost of Sales Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12Food$5,705 $5,990 $6,290 $6,604 $6,934 $7,281 $7,645 $8,027 $8,428 $8,849 $9,291 $9,756 Dining Beverage$102 $105 $108 $111 $114 $117 $121 $125 $129 $133 $136 $139 Bar Beverage$602 $639 $664 $697 $732 $769 $807 $847 $889 $933 $980 $1,029 Subtotal Direct Cost of Sales$6,409 $6,734 $7,062 $7,412 $7,780 $8,167 $8,573 $8,999 $9,446 $9,915 $10,407 $10,924  Table: Personnel Personnel Plan Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12Owner/Manager$2,800 $2,800 $2,800 $2,800 $2,800 $2,800 $2,800 $2,800 $2,800 $2,800 $2,800 $2,800 Head Cook$1,400 $1,400 $1,400 $1,400 $1,400 $1,400 $1,400 $1,400 $1,400 $1,400 $1,400 $1,400 Asst. Cook$648 $648 $648 $648 $648 $648 $648 $648 $648 $648 $648 $648 Head Waiter$1,015 $1,015 $1,015 $1,015 $1,015 $1,015 $1,015 $1,015 $1,015 $1,015 $1,015 $1,015 Waiters$1,090 $1,090 $1,090 $1,090 $1,090 $1,090 $1,090 $1,090 $1,090 $1,090 $1,090 $1,090 Bartenders$696 $696 $696 $696 $696 $696 $696 $696 $696 $696 $696 $696 Dishwashers$522 $522 $522 $522 $522 $522 $522 $522 $522 $522 $522 $522 Total People14 14 14 14 14 14 14 14 14 14 14 14 Total Payroll$8,171 $8,171 $8,171 $8,171 $8,171 $8,171 $8,171 $8,171 $8,171 $8,171 $8,171 $8,171  Table: Profit and Loss Pro Forma Profit and Loss Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12Sales$22,652 $23,187 $23,651 $24,124 $24,607 $25,099 $25,601 $26,113 $26,635 $27,167 $27,710 $28,262 Direct Cost of Sales$6,409 $6,734 $7,062 $7,412 $7,780 $8,167 $8,573 $8,999 $9,446 $9,915 $10,407 $10,924 Other Costs of Sales$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Total Cost of Sales$6,409 $6,734 $7,062 $7,412 $7,780 $8,167 $8,573 $8,999 $9,446 $9,915 $10,407 $10,924 Gross Margin$16,243 $16,453 $16,589 $16,712 $16,827 $16,932 $17,028 $17,114 $17,189 $17,252 $17,303 $17,338 Gross Margin %71.71% 70.96% 70.14% 69.28% 68.38% 67.46% 66.51% 65.54% 64.54% 63.50% 62.44% 61.35% ExpensesPayroll$8,171 $8,171 $8,171 $8,171 $8,171 $8,171 $8,171 $8,171 $8,171 $8,171 $8,171 $8,171 Market ing/Promotion$750 $500 $500 $500 $500 $500 $500 $500 $500 $500 $500 $500 Depreciation$0 $1,095 $1,095 $1,095 $1,095 $1,095 $1,095 $1,095 $1,095 $1,095 $1,095 $1,095 Supplies$50 $50 $50 $50 $50 $50 $50 $50 $50 $50 $50 $50 Utilities$700 $700 $700 $700 $700 $700 $700 $700 $700 $700 $700 $700 Insurance$417 $417 $417 $417 $417 $417 $417 $417 $417 $417 $417 $417 Maintenance$100 $100 $100 $100 $100 $100 $100 $100 $100 $100 $100 $100 Office Expense$150 $150 $150 $150 $150 $150 $150 $150 $150 $150 $150 $150 Payroll Taxes10% $817 $817 $817 $817 $817 $817 $817 $817 $817 $817 $817 $817 Phone/TV/Internet$150 $150 $150 $150 $150 $150 $150 $150 $150 $150 $150 $150 Propane$1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 Property Tax$209 $209 $209 $209 $209 $209 $209 $209 $209 $209 $209 $209 Acct Legal $5,000 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Total Operating Expenses$17,514 $13,359 $13,359 $13,359 $13,359 $13,359 $13,359 $13,359 $13,359 $13,359 $13,359 $13,359 Profit Before Interest and Taxes($1,271)$3,094 $3,230 $3,353 $3,468 $3,573 $3,669 $3,755 $3,830 $3,893 $3,944 $3,979 EBITDA($1,271)$4,189 $4,325 $4,448 $4,563 $4,668 $4,764 $4,850 $4,925 $4,988 $5,039 $5,074  Interest Expense$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0  Taxes Incurred($381)$928 $969 $1,006 $1,040 $1,072 $1,101 $1,126 $1,149 $1,168 $1,183 $1,194 Net Profit($890)$2,166 $2,261 $2,347 $2,428 $2,501 $2,568 $2,628 $2,681 $2,725 $2,761 $2,785 Net Profit/Sales-3.93% 9.34% 9.56% 9.73% 9.87% 9.96% 10.03% 10.07% 10.07% 10.03% 9.96% 9.86% Table: Cash Flow Pro Forma Cash Flow Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12Cash ReceivedCash from OperationsCash Sales$22,652 $23,187 $23,651 $24,124 $24,607 $25,099 $25,601 $26,113 $26,635 $27,167 $27,710 $28,262 Subtotal Cash from Operations$22,652 $23,187 $23,651 $24,124 $24,607 $25,099 $25,601 $26,113 $26,635 $27,167 $27,710 $28,262 Additional Cash ReceivedSales Tax, VAT, HST/GST Received0.00% $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 New Current Borrowing$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 New Other Liabilities (interest-free)$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 New Long-term Liabilities$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Sales of Other Current Assets$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Sales of Long-term Assets$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 New Investment Received$350,000 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Subtotal Cash Received$372,652 $23,187 $23,651 $24,124 $24,607 $25,099 $25,601 $26,113 $26,635 $27,167 $27,710 $28,262 Table: Cash Flow (Continued) Expenditures Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12Expenditures from OperationsCash Spending$8,171 $8,171 $8,171 $8,171 $8,171 $8,171 $8,171 $8,171 $8,171 $8,171 $8,171 $8,171 Bill Payments$299 $8,830 $5,065 $6,547 $12,875 $13,296 $13,734 $14,188 $14,661 $15,152 $15,663 $16,194 Subtotal Spent on Operations$8,470 $17,001 $13,236 $14,718 $21,046 $21,467 $21,905 $22,359 $22,832 $23,323 $23,834 $24,365 Additional Cash SpentSales Tax, VAT, HST/GST Paid Out$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Principal Repayment of Current Borrowing$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Other Liabilities Principal Repayment$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Long-term Liabilities Principal Repayment$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Purchase Other Current Assets$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Purchase Long-term Assets$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Dividends$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Subtotal Cash Spent$8,470 $17,001 $13,236 $14,718 $21,046 $21,467 $21,905 $22,359 $22,832 $23,323 $23,834 $24,365 Net Cash Flow$364,182 $6,186 $10,415 $9,406 $3,561 $3,632 $3,696 $3,754 $3,803 $3,844 $3,876 $3,897 Cash Balance$364,182 $370,368 $380,783 $390,189 $393,750 $397,382 $401,078 $404,832 $408,635 $412,479 $416,355 $420,252 Table: Balance Sheet Pro Forma Balance Sheet Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12AssetsStarting BalancesCurrent AssetsCash$0 $364,182 $370,368 $380,783 $390,189 $393,750 $397,382 $401,078 $404,832 $408,635 $412,479 $416,355 $420,252 Inventory$26,000 $19,591 $12,857 $7,062 $7,412 $7,780 $8,167 $8,573 $8,999 $9,446 $9,915 $10,407 $10,924 Other Current Assets$30,950 $30,950 $30,950 $30,950 $30,950 $30,950 $30,950 $30,950 $30,950 $30,950 $30,950 $30,950 $30,950 Total Current Assets$56,950 $414,723 $414,175 $418,795 $428,551 $432,480 $436,499 $440,601 $444,781 $449,031 $453,344 $457,712 $462,126 Long-term AssetsLong-term Assets$329,800 $329,800 $329,800 $329,800 $329,800 $329,800 $329,800 $329,800 $329,800 $329,800 $329,800 $329,800 $329,800 Accumulated Depreciati on$0 $0 $1,095 $2,190 $3,285 $4,380 $5,475 $6,570 $7,665 $8,760 $9,855 $10,950 $12,045 Total Long-term Assets$329,800 $329,800 $328,705 $327,610 $326,515 $325,420 $324,325 $323,230 $322,135 $321,040 $319,945 $318,850 $317,755 Total Assets$386,750 $744,523 $742,880 $746,405 $755,066 $757,900 $760,824 $763,831 $766,916 $770,071 $773,289 $776,562 $779,881 Table: Balance Sheet (Continued) Liabilities and Capital Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12Current LiabilitiesAccounts Payable$0 $8,663 $4,854 $6,118 $12,432 $12,839 $13,262 $13,700 $14,156 $14,631 $15,123 $15,636 $16,170 Current Borrowing$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Other Current Liabilities$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Subtotal Current Liabilities$0 $8,663 $4,854 $6,118 $12,432 $12,839 $13,262 $13,700 $14,156 $14,631 $15,123 $15,636 $16,170 Long-term Liabilities$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Total Liabilities$0 $8,663 $4,854 $6,118 $12,432 $12,839 $13,262 $13,700 $14,156 $14,631 $15,123 $15,636 $16,170 Paid-in Capital$402,050 $752,050 $752,050 $752,050 $752,050 $752,050 $752,050 $752,050 $752,050 $752,050 $752,050 $752,050 $752,050 Retained Earning s($15,300)($15,300)($15,300)($15,300)($15,300)($15,300)($15,300)($15,300)($15,300)($15,300)($15,300)($15,300)($15,300)Earnings$0 ($890)$1,276 $3,537 $5,884 $8,311 $10,812 $13,381 $16,009 $18,690 $21,415 $24,176 $26,961 Total Capital$386,750 $735,860 $738,026 $740,287 $742,634 $745,061 $747,562 $750,131 $752,759 $755,440 $758,165 $760,926 $763,711 Total Liabilities and Capital$386,750 $744,523 $742,880 $746,405 $755,066 $757,900 $760,824 $763,831 $766,916 $770,071 $773,289 $776,562 $779,881 Net Worth$386,750 $735,860 $738,026 $740,287 $742,634 $745,061 $747,562 $750,131 $752,759 $755,440 $758,165 $760,926 $763,711  INFORMATION AND FORMS ARE PROVIDED AS IS WITHOUT ANY EXPRESS OR IMPLIED WARRANTY OF ANY KIND INCLUDING WARRANTIES OF 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This template form allows a business to outline the companys objectives and detail both current company information as well as any past performance. Companies should include a complete market analysis in their plan to help showcase why their business strategy will be effective in the market. Future company plans, including production targets, management strategy, and financial forecasting, should be used to demonstrate and confirm that the companys short-term and long-term objective can and will be met. This model plan can be customized to best fit the unique needs of any entrepreneur or owner that is seeking to create a strong business plan. Business Plan for Restaurant Bar and Grill This Business Plan for a Bar and Grill Restaurant allows entrepreneurs or business owners to create a comprehensive and professional business plan. This template form allows a business to outline the company?s objectives and detail both curren[pic][?]