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Financial Statement Analysis-Macys Essay - 2571 Words

Macy’s, Inc | Macy’s, Inc. Financial Statement Analysis 2011 | Alisa Hitchman | 11/6/2012 | RMA INDUSTRY NUMBERS FOR RETAIL DEPARTMENT STORES Liquidity Analysis BEST AVERAGE WORST Current Ratio 4.6 2.6 1.5 Average Collection Period 0 1 7 Day’s Inventory on Hand 36 107 136 Asset Analysis Fixed Asset Turnover 88.4 13.6 3.5 Total Asset Turnover 3.7 2.3 1.3 Debt Analysis Debt/Worth Ratio 0.4 1.4 3.9 TIE Ratio 8.3 3.1 1.3 Day’s Payable 8 31 42 Profitability Analysis PRE TAX Profit Margin NA 10.7 NA PRE TAX ROE 38.7 14.3 5.9 PRE TAX ROA 18.1 4.6 3.0 Introduction Macy’s, Inc. is a chain of department stores in the U.S. that has 800†¦show more content†¦The reason for this is due to common sized current assets of 39.7 being 42% below the average of the industry at 68.2 while common size current liabilities of 28.3% is only 1.7% below the RMA common size of 29.1%. Average Collection Period RMA ’11 ’10 % Change Best Average Worst 6 days 5 days 20 % 0 days 1 day 7 days The average collection period of Macy’s increased 20% from 5 days to 6. This is due to an 8.9% increase in accounts receivable and despite a 5.6% increase in sales. At 6 days, Macy’s average collection period is 500% worse than the industry average of 1 day but 14% better than the RMA worst of 7 days. It is worse this average despite the fact that accounts receivables is just 1.7% and is 22.7% lower than the 2.2% of the common size RMA. Therefore, Macy’s has less credit sales but takes a longer time to collect them. Day’s Inventory on Hand RMA ’11 ’10 % Change Best Average Worst 118 days 115 days 1.7 % 36 days 107 days 136 days Macy’s days of inventory on hand increased 1.7% from 115 days to 118 days. This is due to a 7.5% increase in inventory and despite a 6.2% increase in cost of goods sold. At 118days this is 10.2% worse the industry average of 107 days and even 13.2% better than the industry worst which is 136 days. Is is longer than average because of cost of goods sold of 59.6% is 5.2% less than the RMA common size of 62.9% and despite the company’s common size inventory of 23.2% being 43.8%Show MoreRelatedAnalysis Of Macys, Kohls And Burlington1544 Words   |  7 PagesIntroduction The companies that were chosen for a company analysis include Macy’s, Kohl’s, and Burlington. Since the retail industry has been lagging behind lately, these companies will help determine the prospective financial investment in the retail industry. As Macy’s as our primary company, we chose Kohl’s and Burlington to be the two comparative companies. These companies are comparable due to the same SIC code of 5311 in the subgroup of department stores. These companies offer similarRead MoreFinancial Statement Analysis1293 Words   |  6 PagesFinancial Statement Analysis April Cruz, Litesha Forbes, Phillip Gibson, Jessica Hewlett, Lily James, Velda Justin, and Nzingha Reel ACC/561 September 27, 2010 Mark Tischler Financial Statement Analysis The accounting information of this paper provides a financial statement analysis for three distinct companies: Mercedes Benz, a foreign manufacturer of vehicles; Macy’s Inc, a retail department store, and American Airlines, an airline company. The analysis for each companyRead MoreFinancial Analysis Of Macy s Inc1742 Words   |  7 Pages Introduction This report presents the financial analysis of Macy’s Inc. The company’s financial position is gauged using ratio analysis and suggestions on improvements are provided. The ratios will be compared to one of its top competitors Dillard’s. Using 2014 key financial statements such the income statement, balance sheet, cash flow, and key statistics found on yahoo finance. It also analyzes the company’s historical stock prices and will compute the stock average, standard deviation, and betaRead MoreEssay on Macys Financial Analysis1303 Words   |  6 PagesMacy’s Inc. Fiscal Year End: January 29, 2011 Date of Report: April 25th, 2011. By - Monika Gupta The annual report and 10-K filings were obtained from macys.com. The financial statements included in the annual report are as follows: consolidated statements of operations, consolidated balance sheets, consolidated statements of changes in shareholders’ equity, consolidated statement of cash flows, and notes to consolidated financial statements. In the report, Macy’s Inc. recognizes severalRead MoreSample Ratio Analysis1271 Words   |  6 Pagesdoing well too. In this same case Nordstrom and Macy’s are not doing so well, they are a little below average, so we can conclude they are not growing that fast, and they are tending to become a little risky. Growth Rates In our analysis we can see that companies that are doing better this year than last one are Costco, Target, and Walmart. They are as well above the average of the sector. The other companies such as Home Depot, Nordstrom, and Macy’s are below average, meaning they had fewer salesRead MoreAnalyzing Nordstrom s Financial Performance Essay1467 Words   |  6 PagesFinancial Analysis In order to analyze Nordstrom’s financial performance we reviewed the most recent financial statements of the company for 2014 year including the balance sheet, the cash flow statement, and the income statement. Using the financial ratio analysis we are be able to assess how well the business is performing and detect the areas that need to be optimized. Also, financial ratios can help to see the difference between Nordstrom and their competitors (or the industry). This analysisRead MoreA Company Which Is Publicly Traded In The U.S. Is Required1151 Words   |  5 Pagesof a company’s performance. This report is essential to an investor for evaluating a company’s financial health. For this assignment, I have chosen to consider Macy’s Inc. 10-K form and evaluate its financial condition. I am going to discuss about Macy’s Merchandise Inventories including the inventory method used by Macy’s, Cost of Sales to net Sales Ratio, Inventory Turnover a nd Days in Inventory. Macy’s Inc. Merchandise Inventories Merchandise Inventory is a material acquired by a retailer for theRead MoreKohl s Financial Analysis Paper1057 Words   |  5 PagesKohl’s Financial Analysis Introduction Kohl’s Corporation (Kohl’s) is the second largest specialty department store. It sells private la-bels, national brand items, footwear, accessories, beauty and home products. It even has many of their own labels. The company operates 1,162 department stores in 49 states of the U.S. It has a web site www.kohls.com where you can buy the same items they sell in the store or their online exclusives. It also operates a nationwide loyalty program called Yes2You rewardsRead MoreFinancial Analysis of Macy’s Inc. and Nordstrom Essay examples4026 Words   |  17 PagesFinancial Analysis of Macy’s Inc. and Nordstrom Macy’s Inc. has established itself as a strong player in the retail industry, with over 850 Macy’s and Bloomingdale’s stores in 45 states. Macy’s competes against retail giants like Nordstrom, Kohl’s, JC penny and Saks Fifth Avenue for market share in the increasingly competitive department store industry. This financial report will choose Nordstrom as the major competitor, and serves as the comparison company. The annual report and 10-K filingsRead MoreMacys Company Analysis1622 Words   |  7 PagesMacy’s IS Strategic Planning Brief History Macy’s was founded by Rowland Hussey Macy in 1858 in New York City. Macys stores target the middle-to-higher-priced market, offering womens, mens, and childrens clothing and accessories, housewares, home furnishings, and furniture. After its merger with Federated Department Stores, the company became the largest department store company, operating more than 850 department stores across the US. The company primarily operates in the US. Macys is headquartered

My Big Fat Greek Wedding - 1512 Words

â€Å"My Big Fat Greek Wedding† is a charming romantic comedy that explores cultural differences in a combination of adorable romance and cute humor. The story revolves around Toula, a thirty-year-old Greek American single woman, who lives with her family in the suburb of Chicago. Like many obedient Greek daughters, she works in her family’s business, a restaurant called â€Å"Dancing Zorba’s.† Toula belongs to a traditional collective upbringing where all good daughters are expected to marry from their ethnic background. However, she struggles with her father’s limited ambitions for her and she longs for something else in life. She enrolls in college and takes computer classes. With the computer diploma under her belt, a rebellious Toula emerges.†¦show more content†¦Similarly, when Toula asks her dad in a powerless language if she can attend college, her father’s statement, â€Å"Why are you leaving me?† not only implies his refusal, but also infers that Toula is negligent in her collective duty towards her family. The implying and insinuating tendency of Toula’s family not only causes friction within her family but also creates communication problems with the low context-oriented Miller family. While Ian and his family are the epitome of the individualistic American society, Toula and her family are the stereotypical personification of the collective warm immigrant minority. Ian’s parents outrageously depict the stereotypical notion of the reserved, cold and distant individualistic â€Å"WASP† character. The viewer can feel their discomfort at the dinner party when both families are introduced. While the Greek clan is hospitable, loud, warm and affectionate, the Miller family is quiet, reserved and uneasy. The scene where Harriet, Ian’s mother, avoids a hug from Toula’s mother by placing a dessert cake cooked in a Bundt pan between the two of them shades an unquesti onable light on the perhaps stereotypical notion that all white people are unaffectionate and overly guarded toward strangers. By putting a physical barrier between her and Maria, Harriet is sending a clear message that her white individual space is precious to her and that she will not succumb to the imposing Greek way ofShow MoreRelatedMy Big Fat Greek Wedding1493 Words   |  6 PagesINTRODUCTION My Big Fat Greek Wedding (2002) is a Canadian-American film that tells the story of Greek-American, Toula (Fotoula) Portokalos. At thirty, Toula is still waitressing for her family’s restaurant, Dancing Zorbas. Constantly under pressure from her traditional, Greek parents to marry a Greek man and start a family, Toula seeks some distance from the family business. Toula starts attending college classes and eventually begins a new job at her Aunt Voula’s travel agency. After a short periodRead MoreMy Big Fat Greek Wedding1701 Words   |  7 Pagesallowed me to better understand interactions that occur in our daily lives. My knowledge of these concepts was challenged when asked to relate these notions to a movie. During the time that I was watching the movie, My Big Fat Greek Wedding, I realized myself grasping onto what was going on and being able to relate certain scenes and situations to topics I had previously learned about. Interactions in My Big Fat Greek Wedding display concepts of conflict and politeness theory, which can be pointedRead MoreMy Big Fat Greek Wedding1830 Words   |  8 PagesIn 2003, My Big Fat Greek Wedding made audiences laugh across the country. It is a movie about family, a large Greek family to be specific. This is important to the story, because it shows how their traditions cause their daughter Toula to look, and feel like a failure. Toula finds herself alone at age thirty working for her parents in their restaurant, she is as unhappy as that statement sounds. Being disappointed with her heritage pushes a wedge between her and her family, but especially her fatherRead MoreMy Big Fat Greek Wedding963 Words   |  4 PagesThe film My Big Fat Greek Wedding takes place in a Chicago Greek Community background where Toula Portokalosa and her family live comfortably. Toula’s father, Gus, is only interested in regards to seeing his daughter get engaged to a man with Greek background (Hanks Zwick, 2002). On the othe r hand, Toula, who is 30 years old, is increasingly becoming concerned about her age and thinks that she may be time barred as far as getting a marriage partner is concerned. For this reason, she is willingRead MoreMovie Reflection-My Big Fat Greek Wedding1401 Words   |  6 PagesIn the 2002 movie release of My Big Fat Greek Wedding, the writer Nia Vardalos, director Joel Zwick and producer Tom Hanks, tell the story of a real life scenario that is increasing in our ever diverse world. Vardalos, basing the movie on her real life marriage, gives the audience an inside view as to what goes on inside an interfaith marriage and how to make it work. Yet in todays society, the typical view of a marriage is seen as either a fairy tale or ball and chain. However, after watching thisRead MoreEssay on Analysis of My Big Fat Greek Wedding1253 Words   |  6 PagesDuring the movie, My Big Fat Greek Wedding, there was a lot of positive and negative communication that influenced the main charac ter’s life decisions. The story is about a young woman, named Toula, that is of Greek decent who is fearful of being stuck in the life she is now living. She is a frumpy girl that works in her family’s restaurant because she has not been able to find a Greek man to marry, and because of this, her family claims that she is old and has failed in life. She is allowed toRead MoreAnalysis Of The Movie My Big Fat Greek Wedding 1543 Words   |  7 PagesCross-cultural communication, a big part of most families around the world, and a big aspect of how people’s lives are being lived out according to their cultural beliefs. In the movie, â€Å"My Big Fat Greek Wedding†, Toula, the daughter of Gus, the owner of the restaurant called Dancing Zorbas helps run the family restaurant due to their family’s cultural beliefs. Ever since her encounter with Ian, Toula decided to break from the cultural myopia within the family. With the help of her Mother’ s helpRead MoreEssay on Fools Rush In and My Big Fat Greek Wedding968 Words   |  4 PagesFools Rush In and My Big Fat Greek Wedding Every movie that is written has a certain attitude to it. Some of these are intended to be laughed at and others are meant to be heartfelt. Though each movie is written with its own voice, so to speak, many have similar plots or themes. The two movies Fools Rush In and My Big Fat Greek Wedding are two of these movies that have similarities in the themes, but not necessarily in the plots. Both of these romantic comedies have strong religious backgroundsRead MoreMy Big Fat Greek Wedding - Individualistic vs Collectivistic Culture672 Words   |  3 PagesIn My Big Fat Greek Wedding, I analyzed the scene where Toula’s family is having a party, and Ian Miller’s parents are going to come and meet the family for the first time. This is an extreme clash of individualistic vs. collectivistic culture. Ian’s parents seemed to be a traditional white, American couple with no sense of foreign food, customs, or culture of any kind. When the parents originally start wal king up to the house, and there have to be at least 30 people outside partying, it is anRead More Interpersonal Communication Styles Examined in My Big Fat Greek Wedding1690 Words   |  7 Pagesallowed me to better understand interactions that occur in our daily lives. My knowledge of these concepts was challenged when asked to relate these notions to a movie. During the time that I was watching the movie, My Big Fat Greek Wedding, I realized myself grasping onto what was going on and being able to relate certain scenes and situations to topics I had previously learned about. Interactions in My Big Fat Greek Wedding display concepts of conflict and politeness theory, which can be pointed out

College Trendy Travesty Free Essays

Alcohol abuse during teenage and early adolescence which is heavy enough could mean withdrawal symptoms surfacing during cessation of drinking. It could also lead to the impairment or diminishing of performance of the brain as accounted by poor memory and attention span. These impairments are caused by malfunction of the brain, as caused by excessive alcohol misuse. We will write a custom essay sample on College Trendy Travesty or any similar topic only for you Order Now    The travesty on the enthusiasm on the ‘dreadful beverage’ is outrageously spreading in the perceptions of college students, hence not knowing the painful effects it may bring an individual in the later life. Problems related to alcohol consumption were reported to be continuously increasing. Alcohol related problems need an early recognition and treatment to avoid the negative effects such as health and social dysfunction. This study will be conducted to determine the prevalence of problems on alcohol consumption specifically it seeks to answer the following question: what is the prevalence of alcohol abusers in the sample population using  Ã‚   biological markers, CAGE questionnaire, and socio-demographic information and the relationship existing among these parameters as indicators of alcohol abuse? The null hypothesis of the study states that there is no prevalence of alcohol abusers in the sample population using biological markers, CAGE questionnaires and socio-demographic information and there is no relationship existing among these parameters as indicators of alcohol consumption and abuse. The alternative hypothesis in one hand states that the prevalence of alcohol abusers in the sample population using biological markers, CAGE questionnaires and socio-demographic information and there is a relationship existing among these parameters as indicators of alcohol consumption and abuse. Alcohol abusers are said to be those who consume above 30-50 grams pure alcohol per day and exhibit CDT as the most abundant transferring. Analysis: Sociological Implication of Alcohol Abuse As thoroughly noted in researches made by sociologists, problems concerning drug and alcohol abuse are becoming rampant. In almost all parts of the globe, drug and alcohol-related problems have been reported to increase making such problem a totally global crisis.  Ã‚   With the implemented policies regarding the control and the prohibition of patronizing most abused drugs, the global community has really doing its task to eliminate such crisis and to preserve peace and order in the world. However, no matter how the global community does its goal of eliminating the problems on drug and alcohol abuse, it seems that merely punishing those who manufacture, sell and distribute prohibited drugs is not really sufficient to completely solve the problems on drug abuse. Likewise, only reminding the public of what alcohol abuse can bring to individuals is literally inadequate to minimize the cases of alcohol abuse. In order to fully address the problems on drug and alcohol abuse, all must do their part in the pursuit of solving it. The government and even other institutions could never really do such undertaking by themselves only. Involvement and participation of the people are the most necessary and integral part of it. Only when all the concerned factors and elements act upon the total elimination of drug and alcohol-related problems could such crisis be truly cured. How to cite College Trendy Travesty, Papers

Jazz Anecdotes by Bill Crow free essay sample

This book looks into the personalities and humor of the Jazz world. Being a Jazz player himself, Crow is obviously familiar with the life of a Jazz musician, and he has written down some hilarious tales that Jazz players have passed on to one another. This book shows how the jazz world as it really is. The entire book Is filled, page by page, with hilarious stories of pranks, goofs, getting hired, getting fired, stuff that happened while on the road, Jokes, nicknames, and unforgettable moments while playing at clubs.It also fives you a good feel for what the lives of Jazz musicians were Like the camaraderie and competition, the struggles over money, and the terrible working conditions. It also offers chapters on great Jazz players such as Duke Elongating, Louis Armstrong, and Charlie Parker. There are many memorable stories In this book. When I would read about people performing and Jumping off of risers and getting stuck, or artist trying to start fires in the middle of a bus because they were cold, you cant help but laughing out loud. We will write a custom essay sample on Jazz Anecdotes by Bill Crow or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page (l almost did during class. ) There were many funny stories in this book.One of them was how Less White fires band members. Instead of firing just one person, he would fire the whole band and then hire back the men he wanted. He would say, Im breaking up my band, everybodys fired, and then say, l want you, you, and you in my new band. He said it was better than pointing at one person and telling them to get out. Thats exactly what happened to Dizzy. Another was when Basiss band was France, and Buddy Tate got the wrong interpreter. They went to Lyon and Jimmy Rushing was ordering for them. So they go to the restaurant and Jimmy talked to waitress to order some weal chops.The waitress goes away and brings back six hard boiled eggs. Jimmy talks to her again and comes back with more eggs but fried. They start arguing saying that the waitress cant speak English. She over heard the conversation and comes back and says, Excuse me, what would you like to have? speaking better then either of them. One of my favorite chapters was pranks. The book has many stories on pranks that were often pulled by jazz musicians to other Jazz musicians. Limburger cheese was a favorite among pranksters. When Eddie Condone was working in the pit at the Commercial Theater, the band took an apartment near the theater. When the wind was right they got perfume smells in their apartment from the stockyards. One night Mezzo rubbed limburger cheese on Bud Freemans pillow and Bud thought It was coming form the stockyards. Dick Morgan would also use limburger cheese In his pranks. He would rub the cheese on the mimic Ben Pollack used, and make his well rehearsed accompaniment difficult. This book wonderfully captures the essence of Jazz and Jazz musicians. It Is packed with great stories, unique personalities, and hilarious moments. Jazz Anecdotes by Bill Crow By Eskimo the Jazz world as it really is. The entire book is filled, page by page, with hilarious gives you a good feel for what the lives of Jazz musicians were like the camaraderie and Charlie Parker. There are many memorable stories in this book. When I would book. One of them was how Less White fires band members. Instead of firing Just one pranks. The book has many stories on pranks that were often pulled by Jazz limburger cheese on Bud Freemans pillow and Bud thought it was coming form the stockyards.

The NSA program

The Controversy Surrounding NSA Program Terrorism is a rising concern that is not only bothering first world countries but also third world countries as well. Terrorist activities have spread so much in the last two decades that they now threaten countries that were previously considered immune, such countries as Kenya, Nigeria, and Tanzania.Advertising We will write a custom research paper sample on The NSA program specifically for you for only $16.05 $11/page Learn More The government of the United States has taken this concern and in the effort to contain terrorism formed the National Security Agency (NSA) in 1952. The program targeted calling behavior of Americans both within and without USA who â€Å"had suspected links to terrorist activities† (Fisher 199). Its would not have bee successful had it incorporated the help of American Telephone companies such as ATT while those who refused cooperation collapsed (Levy et al 5; Fisher 198). (NSA c ould not operate legally without the necessary legal requirements thus the enactment of Foreign Intelligence Surveillance Act, FISA in 1978 (Fisher 185). The purpose of this paper is to explore how the controversy surrounding the NSA program since its enactment especially during the reign of President George bush Yale University School of Law Symposium explains that FISA initial intension was to ensure that all intelligence wiretaps were done for â€Å"a probable reason† (404). FISA statute required the establishment of FISA courts to grant permission for such wiretap. However, the New York Times revealed a gross violation of this statute by the Bush administration, which eavesdropped on thousands of telephone conversations secretly, and without permission from FISA courts (Lichtblau para 1; Yale University School of Law Symposium 404). Supporters of this move argue that FISA statutes were meant for times of peace thus did not cater for the current security threats. This beli ef lead to The President lifting some of the â€Å"legal restrictions† in the act that did not allowed warrant less electronic surveillance (Risen and Eric para 14).Advertising Looking for research paper on government? Let's see if we can help you! Get your first paper with 15% OFF Learn More Proponents continue to argue that this program not only needed implementation in full but also total privacy. Exposing classified information such as documents detailing war on terror to the public is equal to â€Å"advertising American war on terror† (Yale University School of Law Symposium 405). Furthermore collecting information on ones war enemies is an age-old practice and therefore not abnormal in the war against terrorism. This makes the â€Å"Terrorist Surveillance Program† intended to collect terrorist information thousands of citizen inside and outside USA without FISA courts approval necessary as it was also in line with the US constitution (406). F ISA statute had several loopholes especially regarding executive authority. It did not address the question of the extent of presidential powers in exercising official authority. It also does not answer the question whether the president has discretionary powers when national security is at stake and lastly legal experts question its constitutionality if in its provision too restrict executive power, limits the power of the president to act in protecting and securing Americans in dire times (Centre for Law and Security 3). However, several people have opposed this program vehemently. Opponents state that it amounted to abuse of the law by the Bush administration. They claim that unwarranted wire taps are illegal for whatever reason and that bypassing the FISA policies is unconstitutional in two ways: it amounts to making the FISA statute optional, and it is also a grave abuse of executive authority by the president (Savage and Risen para 11). Several US judges have also ruled unwarr anted eavesdropping illegal as it intrudes into peoples private phone calls without any good reason. The knowledge that phone calls could be tapped unwarrantedly makes Americans paranoid and afraid of free phone speech, which curtails freedom of speech (Holding para 4, 5). The initial intention of this program was to gain information that would help in the war against terrorism. However, the changing nature of the terrorism coupled with creative manipulation of the law has lead to what many calls abuse of the executive authority. In the meantime, controversy ranges on about the legality and necessity of the program.Advertising We will write a custom research paper sample on The NSA program specifically for you for only $16.05 $11/page Learn More Works Cited Center for Law and Security. â€Å"The NSA Wiretapping Program.† For The Record. 2007. Web. Fisher, Louis. â€Å"National Security Surveillance: Unchecked or Limited Presidential Power,† in Carter, Contemporary Cases in U.S. Foreign Policy, 2011. Print. Holding, Reynolds â€Å"Why the Wiretapping Ruling Is Vulnerable† Time. 2006. Web. Levy, David, Leong, Joy, Bus, Lawrence Plunkett, Michael. â€Å"Benefits- Cost Regulation of Negotiated Service Agreements.† n.d. Web. Lichtblau, Eric. â€Å"Senate Approves Bill to Broaden Wiretap Powers.† New York  Times. July 10, 2008. Web. Risen, James and Lichtblau, Eric. â€Å"Bush Secretly Lifted Some Limits on Spying in U.S. After 9/11, Officials Say.† New York Times. December 15, 2005. Web. Savage, Charlie and Risen, James. â€Å"Federal Judge Finds N.S.A. Wiretaps Were Illegal.† New York Times. March 31, 2010.Advertising Looking for research paper on government? Let's see if we can help you! Get your first paper with 15% OFF Learn More Yale University School of Law Symposium, â€Å"Warrant less Wiretaps,† in A Loch Johnson and James Wirtz, ed., Intelligence and National Security New York: Oxford University Press, 2008. Print. This research paper on The NSA program was written and submitted by user Danica Rosario to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.

Idioms and Expressions With All

Idioms and Expressions With All The following English idioms and expressions use the word all. Each idiom or expression has a definition and three example sentences to help your  understanding of these common idiomatic expressions with all.   All-Nighter Definition: Do something (for instance a study session) that lasts all night We pulled an all-nighter to get ready for the exam.The graduation party was an all-nighter.Im afraid Im going to have to pull an all-nighter to get the report ready for tomorrow. All Over Something Definition: Very fond of something Hes all over the latest fashions.Peters all over antique furniture.Im all over that authors works. All Right Definition: Yes, okay, fine Thats all right by me!All right! I got an A on my term paper.I think hes all right with the changes we foresee.   All Shook Up Definition: extremely excited, worried, or disturbed about something Hes all shook up about his mothers illness.Wow! Im all shook up about Alice.I dont want you to get all shook up over the news. All That and Then Some Definition: even more than what has been mentioned He did all that and then some to get the new job.Yes, thats right. All that and then some!I think hell do all that and then some in order to get the company back on its feet.   All the Way (With Go) Definition: do something completely Hes going all the way for the scholarship.We went all the way to California on our vacation.I think you can go all the way to finals in this competition. Dash It All Definition: Expression used when very upset Dash it all! I didnt do very well.Dash it all! She cant come this weekend.Im afraid the position didnt work out. Dash it all! For All I Know Definition: Based on what I know (usually expressing displeasure) For all I know, hell come and win the prize.Theyve decided to hire Jack for all I know.For all he knows, she wants to get married.   Free for All Definition: Crazy, non-restricted activity (generally a fight) It was a free for all! Everyone went crazy!They stepped in to break up the free for all.Black Friday is generally a free for all that I try to avoid.   Have It All together Definition: Be very poised, successful He has it all together. The house, the wife, the kids, the great job - everything!I was very impressed with the candidate. She seemed to have it all together.I hope the new recruit has it all together. We need a team player.   Hold All the Aces Definition: Have all the advantages Unfortunately, Tom holds all the aces right now. Youll have to do what he says.Im holding all the aces so I can do whatever I want.Im afraid this is a situation in which you dont hold all the aces. Know All the Angles Definition: Be very clever about something Jack knows all the angles. Be careful!The salesman knew all the angles, and by the end of our talk I had bought a new computer!If you need some help with math talk to Peter. He knows all the angles.   Know It All Definition: Someone who seems to know everything and lets everybody know that he / she knows everything, used in a negative sense I know you think you are a know it all, but you dont know everything.  I hate Tom. Hes such a know it all in class.Dont think you know it all.   Not All There Definition: Not intelligent, not completely focused on an activity Im afraid Peter is not all there. He needs some help badly.Unfortunately, I was not all there and lost the final match.Be quiet. The boss is not all there today. Give him plenty of room. Of All the Nerve Definition: expression of anger at someones behavior Of all the nerve! Did you see how that woman treated me?Of all the nerve! She took my seat!You didnt buy him a present?! Of all the nerve! That guy has always treated you well.   Once and for All Definition: Finally (usually putting an end to something) Im going to stop his behavior once and for all!Lets get this over once and for all.Id like to review the grammar one more time. Hopefully, this will make it clear once and for all.   Pull out All the Stops Definition: make every possible effort to do something He pulled out all the stops on the exam.Were going to pull out all the stops on our presentation.Id like to throw a huge party that pulls out all the stops.   You Cant Win Them All Definition: Expression of acceptance after a loss or disappointment Well, you cant win them all. Lets go home.You did your best. You cant win them allI tried to get the job, but I didnt. You cant win them all.

Marketing Management case Study Example | Topics and Well Written Essays - 250 words

Marketing Management - Case Study Example Considering the investigation, Tom Jackson who is the president and the holder of Executive Training Inc (ETI), is concerned in regards to the upward cost that is proportional to $ 400, 000 preceding getting his first client. ETI is an organization that gives showcasing and deals preparing to agrarian organizations, however monetary investigation is pondered respects to the predominating current degree. This proportion constitute of both current stakes and current liabilities. Be that as it may, the degree reflects the amount of times fleeting stakes blanket transient liabilities and is a reasonably correct evidence of an organizations capability to administration its current commitments. A higher number is favored on the grounds that it shows a solid capacity to administration transient commitments. The organization of current possessions is a key element in the assessment of this proportion. Contingent upon the kind of business or industry, current holdings may incorporate moderate moving inventories that could conceivably influence investigation of an organizations liquidity (Keller & Kotler, 2011). In light of how Executive Training Inc business evaluating and also its aggregate deals disclosed, we find that in excess of 17 year the organization had been doing business and its incomes developed from simply $ 100,000 in the first year to $1, 200, 000 at the end of the year 2003. All the more in this way, the issue of preventive interim days ready to go assumes a greater part the extent that monetary part of business is of concern. This degree gages the risk of indebtedness for gurus by figuring the amount of days an organization can work without any money returns while reaching its essential operational expenses. By and large, this number ought to be between 30 to 90 days. ETI on this support have used their assets, deals explanations and calendars

Response Essay Example | Topics and Well Written Essays - 750 words

Response - Essay Example The Crisis In Higher Education is an article pointing out on various predicaments that are faced in the field of higher education. In this article, Nicholas tends to inform individuals on more about higher institutions of learning and how predicaments can be controlled. In this case, he specializes in the line of e-learning where he explains more about it and how it can help students who use this technique in learning. The author points out some of the universities where this strategy has been implemented and its benefits to the institutions. Though there are drawbacks that are associated with this strategy, his aim is to make it clear to individuals that the advantages outweigh the disadvantages. The fact that he has specialized in one area makes it possible for the readers to comprehend the content of the article. Confusion in this case cannot be experienced since the article contains one main message. It is therefore easy for all readers to understand what the article is all about . In this case, the author has implemented a strategy of specialization which has impact on readers because it helps avoid confusion. The article is generally meant to convince readers that e-learning is best for higher institutions of learning. ... He states that for such institutions, for effective learning processes to take place, high degree of automation has to be implemented (Nicholas 38). In this case, he wishes to instruct administrators in higher education institutions to implement this strategy for them to have effective online learning processes. The main purpose of this article is to convince the readers that e-learning is best and how to make it effective. In this case, Carr succeeds in his intentions because he points out on the way to make the implementation work which will eventually make the readers especially those who are within the education system to try it. This means that his style of writing effective because the way he puts his points makes the urge to try his ideas arise within the reader. I have participated in learning through online means and it works. I have got the experience and I have not had any problems handling these classes and they seem to work perfectly well for me. There is no need therefo re for individuals to have the mentality that online classes are not the best. There are those who attend classes where they are taught physically. In this case, not every student in that class understands everything. It therefore depends on the concentration and commitment of the student for him or her to perform best. It does not necessarily mean the lecturer should be present physically. The fact that that individuals who are skeptical of MOOCs give a warning that the real meaning of a higher institution lies in an interplay within between the teachers and students that cannot be replicated through machines no matter how classy the programming. This gives a clear impression that Carr does not agree with them because he supports the fact that e-learning can work effectively

Components Of An Information System Information Technology Essay

Components Of An Information System Information Technology Essay The purpose of this report is to give an analysis of MIS policies of Ufone Telecommunication Ltd. We evaluate the weaknesses and strengths. We will find MIS policies in organization and how far they are contributing to the business plan and we will also find how to improve the quality of product and the pressure of customers and frustrated employees. Analyzing the overall MIS approach in Ufone, we discuss the three policies. These policies do have a lot of weaknesses in them with some strong points as well. At the end we give our recommendation about how these MIS policies can be effective once again and how they can improve the production level through reward system. Ufone needs some immediate and drastic changes to keep the business going Ufone is a subsidiary of Pakistan Telecommunication Company. Government heads Pakistan Telecommunication Company. It is the only Pakistani-owned cellular service provider in the country. It was founded 9 years ago with a fundamental target to build one unique telecommunications entity of Pakistan identity. Government adopted Ufone in January 2001, since then it has seen a dynamic and full throttled speed of development and prosperity. PTML, a 100% owned subsidiary of PTCL was established to operate cellular GSM 900 services. The company commenced its operations, under the brand name of Ufone, from Islamabad on January 29, 2001. Ufone expanded its coverage and has added new cities and highways to its coverage network. Ufone now covers over 300 key cities and prominent highways across Pakistan providing the customers best quality service and value for money. With a total current investment of over $350 Million, including a contract of $161 Million for expansion capacity for 2006-07, PTML believes in solid commitment to growth, security reliability. Ufone uses Siemenss infrastructure, and gets ongoing superior technological support from Siemens. Most importantly, it has Siemenss support in business Management. System Concepts: A system can be simply defined as a group of interrelated or interacting elements forming a unified whole. Many examples of systems can be found in the physical and biological sciences, in modern technology, and in human society. Thus, we can talk of the physical system of the sun and its planets, the biological system of the human body, the technological system of an oil refinery, and the socioeconomic system of a business organization. A system is a group of interrelated components working together toward a common goal by accepting inputs and producing outputs in an organized transformation process. Such a system (sometimes called a dynamic system) has three basic interacting components or functions: Input involves capturing and assembling elements that enter the system to be processed. For example, raw materials, energy, data, and human efforts must be secured and organized for processing. Processing involves transformation process that converts input into output. Examples are a manufacturing process, the human breathing process, or mathematical calculations. Output involves transferring elements that have been produced by a transformation process to their ultimate destination. For example, finished products, human services, and management information must be transmitted to their human users. Example A manufacturing system accepts raw materials as input and produces finished goods as output. An information system also is a system that accepts resources (data) as input and process the min to products (information) as output. FEEDBACK AND CONTROL: A system with feedback and control components is sometimes called a cybernetic system, that is, a self-monitoring, self-regulating system. Feedback is data about the performance of a system. For example, data about sales performance is feedback to a sales manager. Control involves monitoring and evaluating feedback to determine whether a system is moving toward the achievement of its goal. The control function then makes necessary adjustments to a systems input and processing components to ensure that it produces proper output. For example, a sales manager exercises control when he or she reassigns salespersons to new sales territories after evaluating feedback about their sales performance. Feedback is frequently included as part of the concept of the control function because it is such a necessary part of its operation. Example A familiar example of a self-monitoring, self-regulating system is the thermostat controlled heating system found in many homes; it automatically monitors and regulates itself to COMPONENTS OF AN INFORMATION SYSTEM: An information system is a system that accepts data resources as input and processes them into information products as output. An information system depends on the resources of people (end users and IS specialists), hardware (machines and media), software (programs and procedures), data (data and knowledge basis), and networks (communications media and network support) to perform input, processing, output, storage, and control activities that convert data resources into information products. This information system model highlights the relationships among the components and activities of information systems. It provides a framework that emphasizes four major concepts that can be applied to all types of information systems: People, hardware, software, data, and networks are the five basic resources of information systems. A people resource include end users and IS specialists, hardware resources consisting of machines and media, software resources including both programs and HARDWARE RESOURCES. The concept of Hardware resources includes all physical devices and materials used in information processing. Specially, it includes not only machines, such as computers and other equipment, but also all data media, that is, all tangible objects on which data is recorded, from sheets of paper to magnetic disks. Example of hardware in computer-based information systems are: Computer systems, which consist of central processing units containing microprocessors, and variety of interconnected peripheral devices. Examples are microcomputer systems, midrange computer systems, and large mainframe computer systems. Computer peripherals, which are devices such as a keyboard or electronic mouse for input of data and commands, a video screen or printer for output of information, and magnetic or optical disks for storage of data resources. SOFTWARE RESOURCES: The concept of Software Resources includes all sets of information processing instructions. This generic concept of software includes not only the sets of operating instructions called programs, which direct and control computer hardware, but also the sets of information processing instructions needed by people, called procedures. It is important to understand that even information systems that dont use computers have a software resource component. This is true even for the information systems of ancient times, or the manual and machine-supported information systems still used in the world today. They all require software resources in the form of information processing instructions and procedures in order to properly capture, process, and disseminate information to their users. INFORMATION SYSTEM ACTIVITIES: You should be able to recognize input, processing, output, storage and control activities taking place in any information system you are studying. INPUT OF DATA RESOURCE: Data about business transactions and other events must be captured and prepared for processing by the input activity. Input typically takes the form of data entry activities such as recording and editing. End uses typically record data about transactions on some type of physical medium such as paper form, or enter it directly into a computer system. This usually includes a variety of editing activities to ensure that they have recorded data correctly. Once entered, data may be transferred onto a machine-readable medium such as a magnetic disk until needed for processing. For example, data about sales transactions can be recorded on source documents such as paper sales order forms. (A source document is the original formal record of a transaction). Alternately, salespersons can capture sales data using computer keyboards or optical scanning devices; they are visually prompted to enter data correctly by video displays. This provides them with a more convenient and efficient user interface, that is, methods of end user input and output with a computer system. Methods such as optical scanning and displays of menus, prompts, and fill-in-the-blanks formats make it easier for end users to enter data correctly into an information system. PROCESSING OF DATA INTO INFORMATION: Data is typically subjected to processing activities such as calculating, comparing, sorting, classifying, and summarizing. These activities organize, analyze and manipulate data, thus converting them into information for end users. The quality of any data stored in an information system must also be maintained by a continual process of correcting and updating activities. For example, data received about a purchase can be (1) added to a running total of sales results, (2) compared to a standard to determine eligibility for a sales discount, (3) sorted in numerical order based on product identification numbers, (4) classified into product categories (such as food and non-food items), (5) summarized to provide a sales manager with information about various product categories, and finally, (6) used to update sales records. OUTPUT OF INFORMATION PRODUCTS: Information in various forms is transmitted to end-users and made available to them in the output activity. The goal of information systems is the production of appropriate information products for end users. Common information products messages, reports, forms, and graphic images, which may be provided by video displays, audio responses, paper products, and multimedia. For example, a sales manager may view a video display to check on the performance of a salesperson, accept a computer-produced voice message by telephone, and receive a printout of monthly sales results. STORAGE OF DATA RESOURCE: Storage is a basic system component of information systems. Storage is the information system activity in which data and information are retained in an organized manner for later use. For example, just as written text material is organized into words, sentences, paragraphs, and documents, stored data is commonly organized into fields, records, files, and database. This facilitates its later use in processing or its retrieval as output when needed by users of a system. CONTROL OF SYSTEM PERFORMANCE: An important information system activity is the control of its performance. An information system should produce feedback about its input, processing, output, and the system is meeting established performance standards. Then appropriate system activities must be adjusted so that proper information products are produced for end users. For example, a manager may discover that subtotals of sales amounts in a sales report do not add up to total sales. This might mean that data entry or processing procedures need to be corrected. Then changes would have to be made to ensure that all sales transactions. would be properly captured and processed by a sales information system. RECOGNIZING INFORMATION SYSTEM: There are many kinds of information systems in the real world. All of them use hardware, software, network, and people resources to transform data resources into information products. Some are simple manual information systems, where people use simple tools such as pencils and paper, or even machines such as calculators and typewriters. Others are computer based information systems that rely on a variety of networked computer systems to accomplish their information processing activities. As business end user, you should be able to recognize the fundamental components of information systems you encounter in the real world. This means that you should be able to identify. The people, hardware, software, data, and network resources they use. The type of information products they produce. The way they perform input, processing, output, storage and control activities. How they support the business operations, managerial decision-making, or competitive advantage of a business. This kind of understanding will help you be a better user, developer, and manager of information system. THE EXPANDING ROLES OF INFORMATION SYSTEM: You will also see that the roles given to the information systems functions have expand significantly over the years. TRENDS INFORMATION SYSTEMS: Until the 1990s, the role of information systems was simple, transaction processing, record-keeping, accounting, and other electronic data processing (EDP) applications. Then another role was added, as the concept of management information system (MIS) was conceived. This new role focused on providing managerial end users with predefined management reports that would give managers the information they needed for decision making purposes. By the 1970s, it was evident that the pre-specified information products produced by such management information systems were not adequately meeting many of the (DSS) was born. The new role for information systems was to provide managerial end users with ad hoc and interactive support of their decision-making processes. MANAGEMENT SUPPORT SYSTEMS: When information systems focus on providing information and support for effective decision making by managers, they are called management support systems. MANAGEMENT INFORMATION SYSTEMS: Management information systems (MIS) are the most common form of management support systems. They provide managerial end users with information products that support much of their day-to-day decision-making needs. Management information systems provide a variety of reports and displays to management. The contents of these information products are specified in advance by managers so that they contain information that managers need. Management information systems retrieve information about internal operations from database that have been updated by transaction processing systems. They also obtain data about the business environment from external source. Information products provided to managers include displays and reports that can be furnished (1) on demand, (2) periodically, according to a predetermined schedule. DECISION SUPPORT SYSTEMS: Decision support systems (DSS) are a natural progression from information reporting systems and transaction processing systems. Decision support systems are interactive, computer-based information systems that use decision models and specialized database to assist the decision making process of managerial end users. EXECUTIVE INFORMATION SYSTEMS: Executive information systems (EIS) are management information systems tailored to the strategic information needs of top management. Top executives get the information they need from many sources, including letters, memos, periodicals, and reports produced manually as well as by computer systems KNOWLEDGE MANAGEMENT SYSTEMS: Knowledge Management systems (KMS), Workers create, organize, and share important business knowledge wherever and whenever it is needed. For example, many knowledge management systems rely on Internet and intranet Web sites, knowledge bases, and discussion forums as key technologies for gathering, storing, and disseminating business knowledge. In this way, knowledge management systems facilitate organization learning and knowledge creation and dissemination within the business enterprise. STRATEGIC INFORMATION SYSTEMS: The strategic role of information systems involves using information technology to develop products, services, and capabilities that give a company strategic advantages over the competitive forces it faces in the global marketplace. This creates strategic information system, information systems that support or shape the competitive position and strategies of an enterprise. So a strategic information system can be any kind of information systems (TPS, MIS, DSS, etc.) that helps an organization gain a competitive advantage, reduce a competitive disadvantage, or meet other strategic enterprise objectives. BUSINESS INFORMATION SYSTEMS: As a future managerial end user, it is important for you to realize that information systems directly support both operations and management activities in the business functions of accounting, finance, human resource management, marketing, and operations management. Such business information systems are needed by all business functions. For example, marketing managers need information about sales performance and trends provided by marketing information systems. Financial managers need information concerning financing costs and investment returns provided by financial information systems. INTEGRATED INFORMATION SYSTEM: It is also important to realize that information systems in the real world are typically integrated combinations of several types of information systems we have just mentioned. Thats because conceptual classification of information systems are designed to emphasize the THE SYSTEMS APPROACH: The systems approach to problem solving used a systems orientation to define problems and opportunities and develop solutions. Studying a problem and formulating a solution involve the following interrelated activities: 1. Recognize and define a problem or opportunity using systems thinking. 2. Develop and evaluate alternative system solutions. 3. Select the system solution that best meets your requirements. 4. Design the selected system solution. 5. Implement and evaluate the success of the designed system. DEFINING PROBLEMS AND OPPORTUNITIES Problems and opportunities are identified in the first step of the systems approach. A problem can be defined as a basic condition that is causing undesirable results. An opportunity is a basic condition that presents the potential for desirable results. Symptoms must be separated from problems. Symptoms are merely signals of an underlying cause or problem. SYSTEMS THINKING: Systems thinking is to try to find systems, subsystems, and components of systems in any situation your are studying. This viewpoint ensures that important factors and their interrelationships are considered. This is also known as using a systems context, or having a systemic view of a situation. example, the business organization or business process in which a problem or opportunity arises could be viewed as a system of input, processing, output, feedback, and control components. Then to understand a problem and save it, you would determine if these basic system functions are being properly performed. Example The sales function of a business can be viewed as a system. You could then ask: Is poor sales performance (output) caused by inadequate selling effort (input), out-of-date sales procedures (processing), incorrect sales information (feedback), or inadequate sales management (control)? Figure illustrates this concept. C:UserskarlDesktopGraph.jpg SYSTEMS ANALYSIS: It is an in-depth study of end user information needs that produces functional requirements that are used as the basis for the design of a new information system. Systems analysis traditionally involves a detailed study of: 1. The information needs of the organization and end users like yourself. 2. The activities, resources, and products of any present information systems. 3. The information system capabilities required to meet your information needs, and those of other end users. ORGANIZATIONAL ANALYSIS: An organization analysis is an important first step in systems analysis. How can anyone improve an information system if they know very little about the organizational environment in which that system is located? They cant. Thats why the members of a development team have to know something about the ANALYSIS OF THE PRESENT SYSTEM: Before you design a new system, it is important to study the system that will be improved or replaced (if there is one). You need to analyze how this system uses hardware, software, network, and people resources to convert data resources, such as transactions data, into information products, such as reports and displays. Then you should document how the information system activities of input, processing, output, storage, and control are accomplished. Operating Systems: The most important system software package for any computer is its operating system. An operating system is an integrated system of programs that manages the operations of the CPU, controls the input/output and storage resources and activities of the computer system, and provides various support services as the computer executes the application programs of users. The primary purpose of an operating system is to maximize the productivity of a computer system by operating it in the most efficient manner. An operating system minimizes the amount of human intervention required during processing. It helps your application programs perform common operations Database Management Systems. A DBMS program helps organization use their integrated collections of data records and files known as databases. It allows different user application programs to easily access the same database. For example, a DBMS makes it easy for an employee database to be accessed by payroll, employee benefits, and other human resource programs. A DBMS also simplifies the process of retrieving information from databases in the form of displays and reports. Instead of having to write computer programs to extract information, end users can ask simple questions in a query language. Thus, many DBMS packages provide fourth-generation language (4GLs) and other application development features. Examples of popular mainframe and midrange packages are DB2 by IBM and Oracle 8 by Oracle Corporation. Other System Management Programs: Several other types of system management software are marketed as separate programs or are included as part of an operating system. Utility programs, or utilities, are an important example. Programs like Norton Utilities perform miscellaneous housekeeping and file conversion functions. Examples include data backup, data recovery, virus protection, data compression, and file defragmentation. Most operating systems also provide many utilities that perform a variety of helpful chores for computer users. Other examples of system support programs include performance monitors and security monitors. Performance monitors are programs that monitor and adjust the performance and usage of one or more computer systems to keep them running efficiently, Security monitors are packages that monitor and control the use of computer systems and provide warning messages and record evidence of unauthorized use of computer resources. A recent trand is to merge both types of programs into operating systems like Microsofts Windows NT Server, or into system management software like Computer Associates CAUnicenter, that can manage both mainframe systems and servers in a data centre. Advantages and Disadvantages: A high-level language is obviously easier to learn and understand than an assembler language. Also, high-level languages have less-rigid rules, forms, and syntaxes, so the potential for errors is reduced. However, high-level languages programs are usually less efficient than assembler language programs and require a greater amount of computer time for translation into machine instructions. Business Applications of Telecommunications. Telecommunications is the sending of information in any form (e.g., voice, data, text, and images) from one place to another using electronic or light-emitting media. Data communications is a more specific term that describes the transmitting and receiving of data over communication links between one or more computer systems and a variety of input/output terminals. The terms teleprocessing, telematics, and telephony may also be used since they reflect the integration of computer-based information processing with telecommunications and telephone technology. However, all forms of telecommunications now rely heavily on computers and computerized devices. For this reason, the broader term telecommunications can be used as a synonym for data communications activities. Figure illustrates some of the many possible business applications of telecommunications. It groups telecommunications applications into the major categories of enterprise collaboration systems, electronic commerce systems, The Internet Revolution: The explosive growth of the Internet is the revolutionary technology phenomenon of the 1990s. The Internet has become the largest and most important network of networks today, and is evolving into the information superhighway of tomorrow. The Internet is constantly expanding, as more and more businesses and other organizations and their users, computers, and networks join its global web. Thousands of business, educational, and research networks now connect millions of computer systems and users in more than 200 countries to each other. The Internet has also become a key platform for a rapidly expanding list of information and entertainment services and business applications, including enterprise collaboration and electronic commerce systems.