The Pros and Cons of Technology Essay examples -- Term Papers Research

The Pros and Cons of Technology As far back as I can remember my family and I have taken advantage of technology. The types of technology have changed over the years, along with our usage and dependence on it. Technology is a fundamental part of our lifestyle, including both work and play. What is interesting is that we also have many friends who use very little technology in their day-to-day living. This drastic difference makes one wonder how necessary the technology really is, and whether or not our dependence on it is healthy in the long run. It is really easy to just get caught up in using technology without thinking about the pros and cons. I was born in the 80’s, so technology as, I know it, was beginning to take aim at the mainstream United States and the world. I grew up in an era of change, whether or not this change is good is yet to be determined. When I talk about technology I am making reference to computers, automation, and most â€Å"new age† technology. My first exposure to computers was at my dad’s lab at the University of Michigan Dearborn. The computer was ancient by today’s standards, but at the time it was a marvel of technological triumph. When I was five we bought a home personal computer (pc) for my mother to write papers and utilize the Internet. I became increasingly fascinated with the possibilities the computer brought be and I was hooked. In school we had little Apple 2Es that only worked when they wanted to but we still used them every day. My mother had a large influence on my relationship with technology. First of all, she felt strongly enough to ban video games and most television shows the first ten years of my life. I started to test educational software for children when I was five because my... ...r, not batteries, because we were out in the woods for weeks on end. I settled on a small solar panel that could accommodate the digital device. The problem was that it didn’t work reliably, so just the use of the camera alone ate up my time that could have been better spent. Progress? I think not. Now, as I bash technology for some of its downfalls, I am still reminded about its benefits for medicine, and transportation. Isn’t that kind of progress beneficial for our civilization? Again the answer is, well, yes and no. Sure, we can get from point A to point B faster, but we pollute the environment and rely heavily on nonrenewable resources, which we can’t afford in the long run. I foresee my generation having to confront this. I see myself using new technologies, but, like Gomez-Pena, continuing to maintain balance, and staying grounded in a less â€Å"virtual† world.

Critical Review of Theory-Maternal Role Attainment Essay

Mercer’s (1984) Maternal Role Attainment (MRA) theory was built upon Rubin’s (1967) earlier work on attainment of the maternal role. Maternal role attainment is defined as â€Å"a process in which the mother achieves competence in the role and integrates the mothering behaviors into her established role set, so that she is comfortable in her identity as a mother† (Mercer, 1984, p. 198). Mercer has extensively studied the process of MRA with a focus on mothers of normal newborns. Purpose of Article According to Miles, Holditch-Davis, Burchinal, and Brunssen, (2011), one of the purposes of their study was to identify the most important maternal and infant behaviors in measuring the components of MRA in mothers of medically fragile infants. Another purpose was to examine the impact of specific maternal and infant qualities on the components of MRA over the first year of life (Miles et al., 2011). Finally the authors hoped to â€Å"contribute to nursing science about MRA with this rare population of infants† (Miles et al., 2011, p. 21) as there has been little research regarding the process of MRA in mothers of medically fragile infants. Critical Elements of the Theory The authors assumed that maternal identity would be delayed because of difficulty in taking on parental roles with infants requiring high levels of care (Miles et al., 2011). They also surmised that maternal presence would decresase as the infants became older and health increased (Miles et al., 2011). And finally competence would increase as the mother learned how to meet the health-related needs of her infant and was able to participate more fully in care activities (Miles et al., 2011). The assumptions regarding presence and competence were proven correct according to study results; however, maternal identity was not delayed in the study participants. The major concepts related to this study include maternal identity, maternal competence and maternal presence. The authors identified characteristics of the infant system as functional maturity and severity of the child’s illness. Characteristics of the maternal system included illness-related distress, satisfaction with family, marital status, educational level, and ethnicity (Miles et al., 2011). Characteristics of the infant and maternal  systems impact mother-infant interactions. According to the study, maternal identity was influenced only by worry. Maternal presence was only influenced by infant alertness. However maternal competence was related to infant alertness, parental role alteration stress during hospitalization, education and marital status (Miles et al., 2011). Referents include maternal confidence in role, the amount of participation in care activities for the infant, physical closeness to the infant, the quality of care given and interaction with the infant. Theoretical Definitions and Empirical Referents Maternal identity is defined by the authors as â€Å"the mothers’ perceptions and feelings of self as the mother of her infant† (Miles et al., 2011, p. 22). The authors defined maternal competence as â€Å"the quality of her parental caregiving and interaction† and maternal presence as â€Å"the amount of caregiving and physical closeness displayed with or felt towards her infant† (Miles et al., 2011, p. 22). Empirical referents include Maternal Identity Scale: Critically ill infant (MIS), Maternal interview rating, naturalistic observations of mother-infant interactions and the home observation for measurement of the home environment (HOME) (Miles et al., 2011). References Mercer, R. T. (1984). The process of maternal role attainment over the first year. Nursing Research, 34, 198-204. Miles, M. S., Holditch-Davis, D., Burchinal, M. R., & Brunssen, S. (2011). Maternal role attainment with medically fragile infants: Part 1. Measurement and correlates during the first year of life. Research in Nursing & Health, 34, 20-34. Rubin, R. (1967). Attainment of the maternal role: Part 1. Processes. Nursing Research, 16, 237-245. Rubin, R. (1967). Attainment of the maternal role Part 2. Models and refferants. Nursing Research, 16, 342-351.

The Color Purple Chapter 1 - 1267 Words

Kim Magtibay Mrs. Gregory AP Literature and Composition 21 August 2017 Summer Reading Assignment The Color Purple Ch. 1 â€Å"Every Trip is a Quest† In this chapter, Foster addresses the five elements of a quest: a quester, a place to go, a stated reason to go there, some challenges and trials on the way, and a real reason to go there. At the end of the quest, the questers learn that the real reason is always for self knowledge and self growth. Celie, the protagonist, struggles to find happiness and comfort as she endures sexual assault from her stepfather, unwillingly marries an abusive man, and becomes separated from her sister and children. With the help of Shug Avery and Sofia, Celie eventually leaves her abusive husband and reunites with†¦show more content†¦Celie is then given the opportunity to leave Albert and trades her rags from riches after designing and tailoring pants. During this time, her fairy godmother, Shug Avery, is guiding Celie to find her self worth and independence. At the end of the story, Celie reunites with her sister and children, gaining her happy ending. Ch. 11 â€Å"†¦ More Than It’s Gonna Hurt Your: Concerning Violence In this chapter, Foster explains how there is always a deeper meaning to violence. According to Foster, there are two types of violence: violence caused by other characters and violence caused by an outside force. Violence from other characters can range from shootings to bombings, while the other is â€Å"authorial violence† (90) and is used for â€Å"plot advancements or thematic development† (90). Both are used to make action occur, cause or end plot complications, or to put characters under emotional stress. During the time Nettie is in Africa with Samuel, Corrine, and Celie’s biological children, Corrine dies from a fever, leaving Samuel widowed. Nettie is then able to marry Samuel and be the stepmother of Celie’s biological children. All this led up to how Celie is reunited with her sister and children. Corrine’s death created plot advancements for the story. Ch. 13 â€Å"It’s All Political† In this chapter, readers become aware of how most literature involves some sort of politics. These political references are written to causeShow MoreRelatedThe Color Purple By Alice Walker1600 Words   |  7 Pages I have chosen to analyze a novel written by an African American woman, Alice Walker, in 1982. Alice has written many novels, but I have focused on The Color Purple for this assignment. The novel won the National Book Award and the Pulitzer Prize for Fiction, and was later turned into a movie and a musical. The Color Purple takes place primarily in Georgia, and is structured around the life of African-American women in the south during the early 1900s. The character that I will be focusing on isRead More Celies Transformation in Alice Walkers Color Purple Essay1053 Words   |  5 PagesCelies Transformation in The Color Purple      Ã‚  Ã‚   Celie is not a typical protagonist. In Alice Walkers The Color Purple, the main character Celie is an ugly, poor girl who is severely lacking in self-confidence. However, Celie transforms throughout the course of the novel and manages to realize herself as a colorful, beautiful, and proud human being. Celie becomes a powerful individual.    The Color Purple follows Celies transformation from an ugly duckling into a beautiful swan.Read MoreHomosexuality : Quest For A Utopian World Essay1303 Words   |  6 Pageshistorical novel published in 1998 tells the story of Nan and Kitty in the nineteenth century England and deals with the journey of self-discovery, full of humor and adventure. Opposing this light hearted lesbian novel is the 1982 epistolary novel â€Å"The Color Purple† by an American author Alice Walker which not only deals with the issue of violence against black women but also deal with the circumstances that lead to a relationship distorted to traditional gender roles. The fact that a woman seeks solace inRead MoreMedical Surgical Nursing : Assessment And Management Of Clinical Problem By Lewis, Dirksen, Heitkemper, And Bucher920 Words   |  4 Pagesthem a foundation to build their future knowledge upon. This type of textbook will teach them the very basic concepts a nurse needs to know and later in their schooling they will learn more in depth illnesses, treatments, and procedures. I chose Chapters one and three to review, but more specifically pages 6, 16, 20, and 34, of this text because these pages are the most common formats a nursing student will see within all of their textbooks. 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The three domains of life are classified as: Eukarya 1) Organisms with eukaryotic cells that include protists, kingdom Plantae, kingdom Fungi, and kingdom Animalia. 2) Protists are mostly single-celled organisms. 3) Kingdom Plantae is represented by plants, which are able to produce their own food. Example: an avocado tree. KingdomRead MoreThe Biblical Story Of Adam And Eve878 Words   |  4 PagesRappaccinis daughter, is an Allusion of Adam and Eve and therefore an allegory. When approached with a readers responds critique, one is reminded of the biblical story of Adam and Eve, the creation of man. The story of Adam and Eve happens in Genesis chapter 2 and 3. Long story short, god made Adam and eve to look after Eden, he told them to never eat from the tree of knowledge. A serpent, Satan, persuaded eve to eat the fruit of knowledge, and she persuaded Adam to do the same, when god found out theyRead MoreReader-Response Criticism: Langston Hughes’ Dream Boogie1222 Words   |  5 Pagestime†¦of all time. I believe that Hughes made his readers think. If you wanted to come to a conclusion of his work you had to work, yourself, to get to it. The ambiguity of his poems and stories left a lot for the reader to imagine and fill in. Chapter 16 of â€Å"Journey into Literature† by R. Wayne Clugton gives us a brief overview on Literary Criticism. Literary Criticism is defined as â€Å"†¦an informed response a person makes to literature after openly (imaginatively) experiencing it†¦Ã¢â‚¬  (Clugton, R. WRead MoreCrj 320 Wk 5 Quiz 5 Chapter 8 and 91369 Words   |  6 PagesCRJ 320 WK 5 QUIZ 5 CHAPTER 8 AND 9 To purchase this visit here: http://www.activitymode.com/product/crj-320-wk-5-quiz-5-chapter-8-and-9/ Contact us at: SUPPORT@ACTIVITYMODE.COM CRJ 320 WK 5 QUIZ 5 CHAPTER 8 AND 9 CRJ 320 WK 5 Quiz 5 Chapter 8,9 MULTIPLE CHOICE 1. Which of the following factors can assist in establishing time of death? a. victim’s clothing c. rigor mortis b. presence of weapons d. hair color 2. The type of â€Å"lust murderer† who is usually of above-average intelligenceRead MoreProjectionism In The Color Purple By Alice Walker1101 Words   |  5 Pagesneed for a higher purpose). In The Color Purple, Alice Walker analyzes both of these theories using her protagonist Celie and her spiritual journey throughout the novel. Firstly, Feuerbach and Marx share similar theories and Freud disagrees with them. Feuerbach believes â€Å"Theology is Anthropology, that there is no distinction between the predicates of the divine and human nature, and, consequently, no distinction between the divine and human subject† (Feuerbach 1). Throughout this document, he explains

How to Make Saline Solution at Home

The term saline solution refers to a salt solution, which you can prepare yourself using readily available materials. The solution can be used as a disinfectant or sterile rinse or for lab work. This recipe is for a salt solution that is normal, meaning it is the same concentration as, or isotonic to, body fluids. The salt in a saline solution discourages bacterial growth while rinsing away contaminants. Because the salt composition is similar to that of the body, it causes less tissue damage than you would get from pure water. Materials Technically, a saline solution results whenever you mix any salt with water. However, the easiest saline solution consists of sodium chloride (table salt) in water. For some purposes, its fine to use a freshly mixed solution. In other cases, youll want to sterilize the solution. Keep the purpose in mind when you mix the solution. If, for example, you are simply rinsing your mouth with saline solution as a dental rinse, you can mix any amount of table salt with warm water and call it good. If, however, you are cleaning a wound or want to use the saline solution for your eyes, its important to use pure ingredients and maintain sterile conditions. Here are the ingredients: Salt:Â  You can use salt from the grocery store. Its best to use non-iodized salt, which doesnt have iodine added to it. Avoid using rock salt or sea salt, since the added chemicals may cause problems for some purposes.Water:Â  Use distilled water or reverse osmosis purified water instead of ordinary tap water. Use 9 grams of salt per liter of water, or 1 teaspoon of salt per cup (8 fluid ounces) of water. Preparation For a mouth rinse, simply dissolve the salt into very warm water. You might wish to add a teaspoon of baking soda (sodium bicarbonate). For a sterile solution, dissolve the salt in boiling water. Keep the solution sterile by placing a lid on the container so that no microorganisms can get into the liquid or airspace as the solution cools. You can pour the sterile solution into sterile containers. Sterilize containers either by boiling them or by treating them with a disinfecting solution, such as the type sold for home brewing or making wine. Its a good idea to label the container with the date and to discard it if the solution isnt used within a few days. This solution could be used for treating new piercings or for wound care. Its important to avoid contaminating the liquid, so ideally make just as much solution as you need at a time, allow it to cool, and discard leftover liquid. The sterile solution will remain suitable for lab use for several days in a sealed container, but you should expect some degree of contamination once it is opened. Contact Lens Solution Although its the proper salinity, this solution isnt suitable for contact lenses. Commercial contact lens solution contains buffers that help protect your eyes and agents to help keep the liquid sterile. Although homemade sterile saline could work to rinse lenses in a pinch, it isnt a viable option unless you are familiar with aseptic techniques and use lab-grade chemicals.

Marketing Syncra System Essay - 1332 Words

From the case Syncra Systems we can see that a delivering open and vendor-neutral collaborative application like CPFR can make a big difference in retail industry and supply chains by making them more collaborative and benefit both trading partners. Such as improve the in-stock position, decrease unnecessary storage and handling of products, as well as improve service levels and retail sales. By sharing information, a strong relationship can be built between the retailer and supplier in the process. However, some problems still need to be concerned: 1. How to attract customer more effectively to agree the value of your product? As the sales environment becomes more complex, customers today are more educated and less tolerant of sales†¦show more content†¦To successfully meet clients’ specific and changing demands, companies need to focus their efforts on developing and selling propositions driven by what clients truly value and are ready to pay for. 2. Why those companies still moved even they understood Syncra’s benefitsï ¼Å¸ Customers will continue to focus on price until a supplier demonstrates to them how their total solution is much less expensive. By offering a complete package, you increase buying efficiencies and decrease costs. All of which adds up to a higher value perception. When taking the consultative approach, think of ways to provide the customer with a greater return on their investment. Quantify for them, the savings or gains in time, money and/or additional resources. This way you position yourself as a problem solver or consultant and not just another vendor. By doing so, you will create tremendous competitive advantages. So a well-defined consultative sales strategy is to necessary help to align your offer with the customer’s perception of value. It moves the sale away from price. Process should be designed to accomplish three things:Show MoreRelatedCPFR Implementation Issues3439 Words   |  14 Pagesrespondents who were looking at CPFR said they planned to go ahead with their initiatives. However, CPFR is not the answer for all trading partners or all types of stock-keeping units (SKUs). According to Tim Paydos, a vice president of marketing at Syncra Systems, CPFR has generated the highest payback with either highly promoted or seasonal goods, whose inventories historically have often been misaligned with demand. â€Å"If I’m going to make the investment in CPFR,† notes Paydos, â€Å"I want to do it with

Biodiesel Business Financial Plan Free Essays

l pabiodiesel financial plan Start-up Expenses| Â  | Land to buy| Â  | Office to buy| Â  | Renovation expenses| Â  | Design works| $10 000 | Assembly operations| $200 000 | Placing into operation| $53 000 | Oil processing equipment (incl. storage and loading)| $100 000 | Seed storage equipment (incl. installation)| $350 000 | Glycerol purification equipment (including installation)| $0 000 | Tanks| $100 000 | Biodiesel production equipment (incl. We will write a custom essay sample on Biodiesel Business Financial Plan or any similar topic only for you Order Now delivery and installation )| $250 000 | Utility network| $000 | Advertising/Promotion| $5 000 | Land leasing| $0 | Raw materials (1 quarter of operations)| $660 000 | Salaries| $353 000 | Biodiesel production costs (chemicals, utilities, maintenance for 1 quarter) | $84 000 | Rent | $0 | Total Start-up Expenses| $000 | | Â  | Start-up Assets Needed| Â  | Cash Balance on Starting Date| Â  | Start-up Inventory| $0 | Other Current Assets| $0 | Total Current Assets| $0 | Long-term Assets| $0 | Total Assets| $0 | Total Requirements| $3 095 000 | Sales Forecast| Sales| 2007| Â  | 2008| Â  | 2009| Â  | 2010| Â  | 2011| Â  | Price per ton| Sum| Price per ton| Sum| Price per ton| Sum| Price per ton| Sum| Price per ton| Sum| Biodiesel| Â  | $2 800 000 | $700 | Â  | Â  | $2 800 000 | Â  | $2 800 000 | $700 | $ | Glycerol| Â  | $280 000 | $700 | $280 000 | $700 | $280 000 | Â  | $280 000 | $0 | $280 000 | Seeds| Â  | $0 | $220 | Â  | $220 | $0 | Â  | $0 | $220 | $0 | Press cake| $180 | $1 440 000 | $180 | $1 440 000 | $180 | $1 440 000 | $180 | $1 440 000 | $180 | $1 440 000 | Total Sales| Â  | $4 520 000 | Â  | $4 520 000 | Â  | $4 520 000 | Â  | $4 520 000 | Â  | $4 520 000 | Â  | Â  | Â  | Â  | Â  | Â  | Â  | Â  | Â  | Â  | Â  | Direct Cost of Sales| Â  | 2006| Â  | 2007| Â  | 2008| Â  | 2009| Â  | 2010| Seeds| $220 | $2 640 000 | $220 | Â  | $220 | $2 640 000 | $220 | Â  | Â  | Â  | Oil| $600 | $0 | $600 | $0 | $600 | $0 | $600 | $0 | 600 | $0 | Subtotal Direct Cost of Sales| Â  | $2 640 000 | Â  | $2 640 000 | Â  | $2 640 000 | Â  | $2 640 000 | Â  | $2 640 000 | Sales and costs in tons| Â  | Â  | Â  | Â  | Â  | Â  | Â  | Â  | Â  | Â  | Biodiesel| Â  | Â  | Â  | Â  | Â  | Â  | Â  | Â  | Â  | Â  | Glycerol| $700 | 400| $700 | 400| $700 | 400| $700 | 400| $700 | 400| Seeds from own farm| $220 | Â  | $220 | Â  | $220 | Â  | $220 | Â  | $220 | Â  | Press cake| $180 | Â  | $180 | 8 000| $180 | 8 000| $180 | 8 000| $180 | 8 000| Total sales, ton| Â  | Â  | Â  | 12 400| Â  | 12 400| Â  | 12 400| Â  | 12 400| Procurement of raw materials| Â  | Â  | Â  | Â  | Â  | Â  | 0| Â  | 0| Â  | Seeds| $220 | 12 000| $220 | 12 000| $220 | Â  | $220 | 12 000| $220 | 12 000 | Oil| $600 | Â  | $600 | Â  | $600 | Â  | $600 | Â  | $600 | Â  | Total, raw materials, ton| Â  | Â  | Â  | 12 000| Â  | Â  | Â  | 12 000| Â  | 12 000| Personnel Plan| Daily wage| 2007| 2008| 2009| 2010| 2011| Director general| $100 | $24 000 | $24 000 | $24 000 | $24 000 | $24 000 | Production and procurement director| Â  | Â  | $24 000 | $24 000 | $24 000 | Â  | Farm supervisor| Â  | Â  | $24 000 | $24 000 | $24 000 | Â  | Sales manager| Â  | Â  | Â  | Â  | Â  | Â  | Controller| Â  | Â  | Â  | Â  | Â  | Â  | Chief Technologist| $80 | Â  | $19 200 | $19 200 | Â  | Â  | Secretary| $56 | Â  | $13 440 | $13 440 | Â  | Â  | Operators, production, 5 employees | $56 | $67 200 | $67 200 | $67 200 $67 200 | Â  | Laboratory technician, 1 employee | Â  | $13 440 | $13 440 | $13 440 | $13 440 | $13 440 | Farming, 5 employee| Â  | $67 200 | Â  | $67 200 | $67 200 | $67 200 | Drivers, 2 employee| $56 | $26 880 | Â  | $26 880 | $26 880 | $26 880 | Electr ical fitter| $56 | $13 440 | Â  | $13 440 | $13 440 | $13 440 | Storeman, 2 employee| $56 | $26 880 | $26 880 | $26 880 | $26 880 | $26 880 | Total Payroll| Â  | $353 000 | $353 000 | $353 000 | $353 000 | $353 000 | Production headcount| Â  | 5| 5| 5| 5| 5| ROI Analysis| 2007| 2008| 2009| 2010| 2011| Sales| $4 520 000 | $4 520 000 | $4 520 000 | $4 520 000 | $4 520 000 | Cost of Sales| Â  | Â  | $3 326 000 | $3 326 000 | $3 326 000 | Gross Margin| $1 186 000 | $1 194 000 | $1 194 000 | $1 194 000 | $1 194 000 | Gross Margin %| 26. 24%| 26. 42%| 26. 42%| 26. 42%| 26. 2%| Operating Expenses| $434 667 | $101 667 | $101 667 | $101 667 | $121 667 | Operating Income| $751 333 | Â  | Â  | $1 092 333 | $1 072 333 | Net Income| $470 283 | Â  | Â  | $708 983 | $750 633 | Net Income to investor| $244 639 | $368 809 | $368 809 | Â  | Â  | Current Assets| $3 029 283 | $3 804 933 | $4 339 917 | $5 115 567 | $5 137 867 | Long-term Assets| $843 333 | $776 667 | $710 000 | $643 333 | $57 6 667 | Long-term Liabilities| $795 000 | $795 000 | $795 000 | $795 000 | $0 | Equity| $3 077 617 | $3 786 600 | $4 254 917 | $4 963 900 | $5 714 533 | ROE| 0. 15| 0. 19| 0. 17| 0. 14| 0. 13| ROI| 0. 11| 0. 16| 0. 16| 0. 16| 0. 17| Shares offered to investor| 52. 2%| Â  | Â  | Â  | Â  | Investor financing| 74. 31%| Â  | Â  | Â  | Â  | Loan financing| 25. 69%| Â  | Â  | Â  | Â  | Pro Forma Profit and Loss| | 2007| 2008| 2009| 2010| 2011| Sales| $4 520 000 | $4 520 000 | $4 520 000 | $4 520 000 | $4 520 000 | Cost of raw materials| $2 640 000 | Â  | Â  | $2 640 000 | $2 640 000 | Farm maintenance (fuel, fertilizer, etc)| $5 000 | $5 000 | $5 000 | $5 000 | $5 000 | Production Payroll| $353 000 | $353 000 | $353 000 | $353 000 | $353 000 | Methanol| Â  | Â  | Â  | Â  | Â  | Potassium hydroxide| $8 000 | $8 000 | $8 000 | Â  | $8 000 | Utilities| $80 000 | $80 000 | $80 000 | Â  | $80 000 | Equipment Maintenance| $8 000 | $0 | $0 | Â  | $0 | Cost of Goods Sold| $3 334 000 | $3 326 000 | $3 326 000 | $3 326 000 | $3 326 000 | Gross Margin| $1 186 000 | $1 194 000 | $1 194 000 | $1 194 000 | $1 194 000 | Gross Margin %| 26. 24%| 26. 42%| 26. 42%| 26. 42%| 26. 42%| Other Expenses: | Â  | Â  | Â  | Â  | Â  | Design works| $10 000 | $0 | Â  | $0 | $0 | Renovation expenses| $100 000 | Â  | Â  | Â  | $20 000 | Assembly operations| Â  | Â  | $10 000 | $10 000 | $10 000 | Placing into operation| $53 000 | $5 000 | $5 000 | $5 000 | $5 000 | Advertising/Promotion| $5 000 | $20 000 | $20 000 | $20 000 | $20 000 | Depreciation (service life 12 years)| $66 667 | $66 667 | $66 667 | $66 667 | $66 667 | Land leasing| $0 | $0 | $0 | $0 | $0 | Rent| $0 | $0 | $0 | $0 | $0 | Total Other expenses| $434 667 | $101 667 | $101 667 | $101 667 | $121 667 | Profit Before Interest and Taxes| $751 333 | $1 092 333 | $1 092 333 | $1 092 333 | $1 072 333 | Interest Expense| $79 500 | $79 500 | $79 500 | $79 500 | $0 | Taxes Incurred| $201 550 | $303 850 | $303 850 | $303 850 | $321 700 | Other Expense| Â  | Â  | Â  | Â  | Â  | Net Profit| Â  | Â  | $708 983 | $708 983 | $750 633 | Net Profit/Sales| 10. 40%| 15. 69%| 15. 69%| 15. 69%| 16. 61%| Pro Forma Cash Flow| 2007| 2008| 2009| 2010| 2011| Cash from Operations: | Â  | Â  | Â  | Â  | Â  | Cash Sales| $3 164 000 | $3 164 000 | Â  | Â  | Â  | Cash from Receivables| $1 356 000 | $1 356 000 | $1 356 000 | $1 356 000 | $1 356 000 | Subtotal Cash from Operations| Â  | Â  | Â  | Â  | $4 520 000 | Additional Cash Received| Â  | Â  | Â  | Â  | Â  | Sales Tax, VAT, HST/GST Received| $0 | $0 | $0 | $0 | $0 | Loan| $795 000 | $0 | $0 | $0 | $0 | New Investment Received| $2 300 000 | $0 | $0 | $0 | $0 | Subtotal Cash Received| $7 615 000 | $4 520 000 | $4 520 000 | $4 520 000 | $4 520 000 | Â  | Â  | Â  | Â  | Â  | Â  | Expenditures| 2007| 2008| 2009| 2010| 2010| Expenditures from Operations:| Â  | Â  | Â  | Â  | Â  | Salaries| Â  | Â  | Â  | Â  | $353 000 | Payment of Accounts Payable| Â  | Â  | Â  | Â  | $2 973 000 | Subtotal Spent on Operations| $3 334 000 | $3 326 000 | $3 326 000 | $3 326 000 | $3 326 000 | Â  | Â  | Â  | Â  | Â  | Â  | Additional Cash Spent| Â  | Â  | Â  | Â  | Â  | Sales Tax Paid Out| Â  | Â  | Â  | Â  | $321 700 | Principal Repayment (loan)| Â  | Â  | Â  | Â  | $795 000 | Design works| $10 000 | $0 | $0 | $0 | Â  | Renovation expenses| Â  | Â  | $0 | $0 | Â  | Assembly operations| Â  | Â  | $10 000 | $10 000 | Â  | Placing into operation| $53 000 | $5 000 | $5 000 | Â  | Â  | Advertising/Promotion| $5 000 | $20 000 | $20 000 | $20 000 | $20 000 | Land leasing| $0 | $0 | $0 | $0 | $0 | Rent| $0 | $0 | $0 | $0 | $0 | Interest Expense| $79 500 | $79 500 | $79 500 | $79 500 | $0 | Purchase Long-term Assets| Â  | Â  | Â  | $0 | $0 | Subtotal Cash Spent| Â  | Â  | Â  | $3 744 350 | $4 497 700 | Â  | Â  | Â  | Â  | Â  | Â  | Net Cash Flow| $2 788 617 | $842 317 | $842 317 | 317 | $88 967 | Cash Balance| $2 788 617 | $3 564 267 | $4 339 917 | $5 115 567 | $5 137 867 | Annual Break-even, Tons| 961. 34| 961. 34| 961. 34| 961. 34| Assumptions:| Â  | Â  | Â  | Â  | Average Per Tone Revenue| Â  | Â  | $1 130. 00 | $1 130. 00 | Average Per Tone Variable Cost| $742. 00 | $742. 00 | $742. 00 | $742. 00 | Estimated Annual Fixed Cost| Â  | Â  | $373 000 | $373 000 | How to cite Biodiesel Business Financial Plan, Papers

Accounting for Strategic Management and Control †MyAssignmenthelp.com

Question: Discuss about the Accounting for Strategic Management and Control. Answer: Introduction The report considers the explanation of the Balance Scorecard Approach and the manner of conduct within a business organization. FC High Tech Manufacturer (FCH) is a company leading in the sale of hand phones and manufactures the consumer and industrial goods. It also takes care of that enterprise manufacturing solutions are being provided towards the businesses which aspire to start their own manufacturing facilities. The company has been undertaking the operations of the three segments in a traditional manner and has no motive or vision to undertake the new approaches. There had been a recession situation in the company that has impacted the confidence of the financial markets. There has been a situation where the board of directors had performed an assessment of the situation and concurred that shareholders will be very unwilling to provide additional capital injection, unless the company can justify its request for fresh equity from its shareholders. The same has been discussed in the report below. The report will further take into consideration the conclusion after the implementation of the Balance Scorecard approach in the company. The report will further elaborate the prospective difficulties to be faced by the company in the near future due to the choice of the measures undertaken by the management (Bhasin, 2012). Existing Scenario The company is maintaining the measures such as ROI, EBITDA and Revenue growth tend to motivate managers to focus on short-term returns instead of looking at the long-term goal of maximizing shareholders' wealth. The Return on Income, Earnings before interest and taxes and the growth in revenue will increase the overall efficiency of the company. However, the simple growth in the revenue will not create a stable position and situation for the company as the same will only lead to a growth in the short term goals and objectives of a company. For a company to be effective and stabilized for brighter future, the company needs to attain a position of high stability. The Balance Score approach is the one that undertakes all the efficient features that leads to a strong and effective organization and the same is discussed as under. Significance of the Balanced Score Card Approach The Balance Score card approach of financial analysis takes into account the following considerations: Financial, Customer, Internal Process and the Learning and growth innovations The same is elaborated as under: Financial The segment of the balance score card takes on the financial performances taking place within the organization. The main objective includes the undertaking of the operations and functions that will not let the shareholders to sacrifice their interests. The stakeholders include the environment, government and community etc. Customer The segment of the balance score card takes on the satisfaction of the customers and their attitudes towards the organization and goals of the market. The elements covered by the customers include the acquisition, retention, and profitability, share of the market and the satisfaction of the customers. The maintenance of the following must be done i.e. Quality, Price, Brand, Availability and Services. Internal process The segment of the balance score card takes on the entire coverage of the goals of the internal business. It will have an overview of the internal procedures and processes occurring within the company to have a better development of the company. The major themes include the operations and the customers management process, innovation and social and the regulatory processes. Learning and growth innovation The segment of the balance score card takes on the human and organizational capital along with the training and other systems undertake for the innovation and growth of the entire department. The trainers of the company consider the instilling of the growth and development within the organization (Fiege, 2012). The company must have capabilities related with the human capital, information capital and organization capital. The company and the growth and development will have a major dependency on the actions undertaken by the company. The growth and development of the company will improve with the implementation of strong and significant perspectives that is given above. The growth is mainly dependent on the above perspectives like the improvement in the processes internally and the learning growth and innovation processes. The above processes will lead in the effectiveness of the customers effectiveness and efficiency. The balance scorecard will also help in the following ways: The companys vision will be included in the implementation of the balance score card approach and the same will be identified after proper clarification. The leaders and the management of the company will reach consensus and the changes will affect the performances of the overall company (Flage, 2014). The objectives and the measures under the strategic actions and movement of the company will be communicated and linked that will help in the establishment of effective connectivity with the stakeholders. The same will lead towards the encouragement and refinement in the processes by helping in the promotion of feedbacks received from the stakeholders of the company. The targets are set up and the planning will be done to align the same. The management will take steps to measure and evaluate the desired targets and objectives to link all of them and obtain a large amount of strategic objectives by undertaking numerous measures. The learning and innovation growth of the approach will increase the refinement and growth that will develop and increase the decision making process (Gavurov, 2012). Prospective difficulties that can evolve with the approach There are many issues related with the improper implementation of the balance score card approach and the complexities that the business organizations are likely to face during the implementation of such measures of performances are as below: Ambiguity in the policy and strategy: There are variety of policies and strategies that have a tendency of being highly leveled and they have an approach that has a forward and future looking approach. They even have the risks and threats that are related to the removing and declining of the ability of the translation into the efficient Balance Score card approach in an organization. The effective and the best policy to meet the given situation will require the refinement and revisiting of the policies. The revisiting must be carried with the owners and the management of the organization in order to have a transparency. The direction and the vision of the business organization must be transparent and clear to have an efficient strategy for the overall development of the company (Johnson, 2014). The translation effectiveness will be done after the inclusion of the desired targets and goals of an organization. The targets will be related with the medium, short term and long term targets. It will also include the values of the customers and other segments of the market and customers. Thus, there must be an inclusion of the necessary statements related to the business organization and the horizon of the planning must be in a range within five to ten years in approx. Lack in the defining of the important objectives of the company The strategy and the policy of the company are defined in various manners and the same is related to the organization of the business. A wide range of definitions are reflected with the related mission, vision, goals and other objectives that needs to be communicated to the stakeholders and important management of the business organization. Thus, there must be common language that must explain the requirements of the business organization. The same must be provided with the help of meetings and sessions to have an effective and overall growth of the company (Kaplan, 2012). Complexities evolving in the initial implementation The balance score card is ranged in a wide manner and a variety of criticalities occur within the implementation of such approach. In the initial stages of the implementation there are high possibilities that the management can get lost in the technical and detailed aspects occurring within the present scenario. There are many confusions and difficulties that can arise due to the strategy maps. The strategic themes also further assist the individuals and management to enter into a world of confusions and complexities. The confusions will mostly from the part of the initial levels and stages of the implementation of the balance score card approach (Saunders Cornett, 2014). There must be steps undertaken to solve the complexities and confusions occurring within an organization. The same will be done in a manner that will articulate the use of the approach. The various perspectives of the method of balance score card will be considered by the preparation of the Strategy Map to make the implementation transparent. The sensible and clarity in the picture of the balance score card will be required to be communicated within the business organizations (Ucbasaran et al., 2013). Challenges in the flow of the approach towards the customers The most challenging part is the flow of the implemented policies and strategies among the individuals that will require the engagement of the workforces. The mental and physical strengths will be used and the same will need the mental and physical power and force of the workforces. There will be requirement of the obtaining of the commitment and desired targets of the business organization. The whole approach will turn out to be vague if the individual engagement is not attained or achieved. The non attainment will result in a situation where there will be only the existence of mere records and documents that will be forming part of the period under reporting. Thus, the workforce must be convinced towards the participation in the implementation of the balance score card approach to maintain efficiency (Danaei Hosseini, 2013). Lack in the mechanism of tracking the records There can be scenarios and circumstances that can result in the loss of records of the budgeted and the actual data of the organization. The loss of the track in the mechanism of records can increase in the potential risks and threats of the company. Thus, there must be provision of reminders in small intervals towards the team members to get effectiveness in the implementation of the Balance Score Card. Conclusion Thus, on the basis of the above analysis and evaluation it can be concluded that the Balance Score Card approach is among the most efficient approaches, despite of many potential threats and complexities in the adaptation of the implementation program. The FCH Company must therefore take steps to implement the same by communicating with the employees and other workforces. It will increase the effectiveness and efficiency of the overall company. Thus, from the above analysis we can also conclude that the company must take steps other than focusing and having concern about only the ROI, EBITDA and the overall growth in the sales and revenues of the company for having an effective future and long term stability. Bibliography Abdullah, I., Umair, T., Rashid, Y. Naeem, B., 2013. Developments on balanced scorecard: a historical review.World Applied Sciences Journal,21(1), pp.134-141. Awadh, A.M. Alyahya, M.S., 2013. Impact of organizational culture on employee performance.International Review of Management and Business Research,2(1), p.168. Bhasin, S., 2012. Performance of Lean in large organisations.Journal of Manufacturing Systems,31(3), pp.349-357. Boscia, M.W. McAfee, R.B., 2014. Using the balance scorecard approach: A group exercise.Developments in Business Simulation and Experiential Learning,35. Cian, F., Villiers, E., Archer, J., Pitorri, F., Freeman, K. (2014). 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Kartalis, N., Velentzas, J. Broni, G., 2013. Balance scorecard and performance measurement in a greek industry.Procedia Economics and finance,5, pp.413-422. Nrreklit, H., Nrreklit, L., Mitchell, F. Bjrnenak, T., 2012. The rise of the balanced scorecard! Relevance regained?.Journal of Accounting Organizational Change,8(4), pp.490-510. Saunders, A., Cornett, M. M. (2014).Financial institutions management. McGraw-Hill Education,. Ucbasaran, D., Shepherd, D. A., Lockett, A., Lyon, S. J. (2013). Life after business failure: The process and consequences of business failure for entrepreneurs.Journal of Management,39(1), 163-202.