Basic Finance - 2034 Words

Finance has a close relationship to a number of other business disciplines. It is important that we understand why a finance major needs these other skills and abilities. Lets take them one at a time: 1. Economics provides the theory that finance uses. The field of finance is a very new discipline, beginning formally around 1920. Before that, financial problems were referred to as economic problems or (even earlier) problems in political economy. During the 1920s, finance broke away from economics and became a discipline of its own. Think of finance today as being applied economics. In other words, economics provides the theory; finance takes that theory and applies it to real world situations. 2. Accounting is†¦show more content†¦Since insurance also enjoys some tax benefits, utilizing insurance investment products may be a critical piece of the overall investment planning. Tax planning: typically the income tax is the single largest expense in a household. Managing taxes is not a question of if you will pay taxes, but when and how much. Government gives many incentives in the form of tax deductions and credits, which can be used to reduce the lifetime tax burden. Most modern governments use a progressive tax. Typically, as ones income grows, a higher marginal rate of tax must be paid.[citation needed] Understanding how to take advantage of the myriad tax breaks when planning ones personal finances can make a significant impact. Investment and accumulation goals: planning how to accumulate enough money - for large purchases and life events - is what most people consider to be financial planning. Major reasons to accumulate assets include, purchasing a house or car, starting a business, paying for education expenses, and saving for retirement. Achieving these goals requires projecting what they will cost, and when you need to withdraw funds. A major risk to the household in achieving their accumulation goal is the rate of price increases over time, or inflation. Using net present value calculators, the financial planner will suggest a combination of asset earmarking and regular savings to be invested in a variety of investments. In order to overcome the rate of inflation, the investmentShow MoreRelatedHealthcare Finance: Basic Tools for Nonfinancial Managers985 Words   |  4 Pagescustomers involved. If records are not being properly kept, service could be compromised. Delays, misinformation, and lack of se rvice are all the results of lack of record upkeep. Reference: Baker, J. J., Baker, R. W. (2011). Health care finance: Basic tools for nonfinancial managers (3rd ed.). Jones BartlettRead MoreSocial Policy Practice For Social Workers Essay2119 Words   |  9 Pagesgeneration in the process of retiring, it is projected that by the year 2031, one in five Canadians will be seniors (Hick, 2014). As Hick (2014) highlights, Canada’s financial security system for the elderly and retired comprises of three main pillars: basic minimum income security allowances (ie. OAS), social insurance benefits (ie. CPP), and private pensions and savings plans that are publicly controlled (ie. RRSPs). These 3 components have been argued to be one of several significant accomplishes inRead MoreManagers Basic Tools Used for Making Financial Decisions867 Words   |  4 PagesManager’s Basic Tools Used for Making Financial Decisions Willie A. McCall Principles of Finance – Writing Assignment 1 Professor Eleanor Cook 30 January 2011 Manager’s Basic Tools Used for Making Financial Decisions Explain why market prices are useful to a financial manager. A competitive market is one which a good can be bought and sold at the same price. We can use prices from competitive markets to determine the cash value of a good. Whenever a good trades in a competitive marketRead MoreFinance1352 Words   |  6 Pagesfinancial manager differ from the traditional financial manager? Does the modern financial managers role differ for the large diversified firm and the small to medium size firm? The traditional financial manager was generally involved in the regular finance activities, e.g., banking operations, record keeping, management of the cash flow on a regular basis, and informing the funds requirements to the top management, etc. But, the role of financial manager has been enhanced in the todays environment;Read MorePersonal Finance608 Words   |  3 PagesUnit10- Personal Finances Marc Wilks Kaplan University MM 212 Professor Heather Bullard October 3, 2015 Having an understanding of basic financial principles is essential for anyone who wants to exercise control over their personal income. Without it, how can anyone plan how to pay for next month’s bills, much less plan for retirement? I learned that a basic knowledge of financial basics is essential if I was to have any chance of beingRead MoreWeek 3 Individual Assignment Fin/419 - Finance for Decision Making1390 Words   |  6 PagesWeek 3 Individual Assignments Finance for Decision Making FIN/419 January 30, 2012 Chapter 4: Problem 4-23 – Personal Finance Problem Funding your retirement - You plan to retire in exactly 20 years. Your goal is to create a fund that will allow you to receive $20,000 at the end of each year for the 30 years between retirement and death (a psychic told you would die exactly 30 years after you retire). You know that youRead MoreAs Money Seems To Be The Central Mean In The Positive And1460 Words   |  6 Pagesthe negative aspects of life, it is no doubt that money can be a barrier in becoming the person one sets out to be. This lecture presented to the class will begin talking about the unexpected expenses that life has to offer, before moving on to the basic necessities that each and every human being need to survive. The lecture will than go on to talking about individuals who struggle financially throughout life who than begin to realize it is time to start making arrangements for retirement, when theRead MoreHksjnklxf645 Words   |  3 Pagesrisk of entering a foreign market. And we can assess the risk by : Checking the basics needs in the foreign market : Whenever any business jump into the international market, first know what is the basic needs of customers as well as our product demand in the market. Also should measure the competition level in the market . e.g ALL BALACKS KIWI LTD plans its business in India, than they will check the basic needs of fruits market as well as exotic .They will analysis the product demandRead MoreBusiness Management : The Financial Manager Essay1277 Words   |  6 Pages2) Investment Decision: The financial manager is supposed to be able to decide between the most profitable investment portfolio that will reduce to exposure minimum the risk of finance and ensure maximum return to the enterprise owner(s). 3) Dividend Policy: The financial manager is responsible for deciding the dividend policy of the enterprise. In a small scale enterprise, the responsibility of the financial manager would include that of determining how to allocate the profit from the to the variousRead MoreChapter 8 Mishkin Notes Essay1353 Words   |  6 PagesAn Economic Analysis of Financial Structure Why do Financial Institutions Exist? (Why is Indirect Finance so Important?) Chapter 8 Chapter Preview W e take a closer look at why financial institutions exist and how they promote economic efficiency. Topics include: †¢ A Few Basic Facts About Financial Structure †¢ Transaction Costs †¢ Asymmetric Information: Adverse Selection and Moral Hazard Chapter Preview (cont.) †¢ The Lemons Problem: How Adverse Selection Influences Financial

Media Representations and Popular Fears of Crime Free Essays

Is there a relationship between media representations and popular fears of crime? Illustrate your answer with contemporary examples. In society today, the media affects most people’s lives in one way or another. The extent of this effect however, varies depending on the individuals themselves. We will write a custom essay sample on Media Representations and Popular Fears of Crime or any similar topic only for you Order Now Popular fears of crime, is a term which is used to describe what kind of crimes scare people in the sense of being a victim of that crime and what it is about particular crimes which make citizens feel un-safe. Some of the crimes that people are most fearful of are not the most popular of crimes though, which questions why they are feared the most and does the media have a part to play in this? There are many factors which come into account when thinking about popular fears of crime. Each person will have a different view as to what they fear, depending on their own thoughts or feelings and also their social groups. While fear of crime can be differentiated into public feelings, thoughts and behaviors about the personal risk of criminal victimization, distinctions can also be made between the tendency to see situations as fearful, the actual experience while in those situations, and broader expressions about the cultural and social significance of crime and symbols of crime in people’s neighborhoods and in their daily, symbolic lives† Gabriel, U. ;amp; Greve, W. (2003). The psychology of fear of crime: Conceptual and methodological perspectives. British Journal of Criminology, 43, 600-614. Fears also tend to be similar amongst similar groups of gender/age or ethnicity. Among young women, there is a popular fear of sexual assault or rape occurring, and although this crime can happen to men it doesn’t tend to be a fear which they have. Different races may have a fear of racial abuse from a different ethnic group, mothers everywhere could fear for child abuse to happen to their own children, and elderly people tend to fear groups of young people, despite if they are committing an actual crime or not. A survey carried out in Wokingham, England showed that the most popular fear of crime was young people hanging around the streets as well as dangerous driving. Although this may be the case, this shows that statistically the likelihood of the survey being answered by the older generation to be very high, however it does outline that age can be a strong factor in differentiation of fear. A fear which happens rarely, but seems to be a popular one, is terrorism. Although we hear about this more often nowadays, it is not a crime which happens as regularly as other crimes occurring in the UK and world today. It’s a more recent â€Å"fear† which came to light mainly after the 9/11 incident in the USA. This is a crime, which is of fear to everyone regardless of any factors, because it can happen to anyone and does happen in society today. How to cite Media Representations and Popular Fears of Crime, Papers

Young Goodman Brown1 Essay Example For Students

Young Goodman Brown1 Essay Young Goodman Brown, by Nathaniel Hawthorne, is a story that is thick with allegory. Young Goodman Brown is a moral story, which is told through the perversion of a religious leader. In Young Goodman Brown, Goodman Brown is a Puritan minister who lets his excessive pride in himself interfere with his relations with the community after he meets with the devil, and causes him to live the life of an exile in his own community. Young Goodman Brown begins when Faith, Browns wife, asks him not to go on anerrand. Goodman Brown says to his love and (my) Faith that this one night I must tarry away from thee. When he says his love and his Faith, he is talking to his wife, but he is also talking to his faith to God. He is venturing into the woods to meet with the Devil, and by doing so, he leaves his unquestionable faith in God with his wife. He resolves that he will cling to her skirts and follow her to Heaven. This is an example of the excessive pride because he feels that he can sin and meet with the Devil because of this promise that he made to himself. There is a tremendous irony to this promise because when Goodman Brown comes back at dawn; He can no longer look at his wife with the same faith he had before. When Goodman Brown finally meets with the Devil, he declares that the reason he was late was because Faith kept me back awhile.This statement has a double meaning because his wife physically prevented him from being on time for his meeting with the devil, but his faith to God is psychologically delayed his meeting with the devil. The Devil had with him a staff that bore the likeness of a great black snake. The staff, which looked like a snake, is a reference to the snake in the story of Adam and Eve. The snake led Adam and Eve to their destruction by leading them to the Tree of Knowledge. The Adam and Eve story is similar to Goodman Brown in that they are both seeking unfathomable amounts of knowledge. Once Adam and Eve ate from the Tree of Knowledge they were expelled from their paradise. The Devils staff eventually leads Goodman Brown to the Devils ceremony, which destroys Goodman Browns faith in his fellow man, therefore expelling him from his utopia. Goodman Brown almost immediately declares that he kept his meeting with the Devil and no longer wishes to continue on his errand with the Devil. He says that he comes from a race of honest men and good Christians and that his father had never gone on this errand and nor will he. The Devil is quick to point out however that he was with his father and grandfather when they were flogging a woman or burning an Indian village, respectively. These acts are ironic in that they were bad deeds done in the name of good, and it shows that he does not come from good Christians. When Goodman Browns first excuse not to carry on with the errand proves to beunconvincing, he says he cant go because of his wife, Faith. And because of her, he can not carry out the errand any further. At this point the Devil agrees with him and tells him to turn back to prevent that Faith should come to any harm like the old woman in front of them on the path. Ironically, Goodman Browns faith is harmed because the woman on the path is the woman who taught him his catechism in youth, and was still his moral and spiritual adviser. The Devil and the woman talk and afterward, Brown continues to walk on with the Devil in the disbelief of what he had just witnessed. Ironically, he blames the woman for consorting with the Devil but his own pride stops him from realizing that his faults are the same as the womans. Brown again decides that he will no longer to continue on his errand and rationalizes that just because his teacher was not going to heaven, why should he quit my dear Faith, and go after her. At this, the Devil tosses Goodman Brown his staff (which will lead him out of his Eden) and leaves him. Goodman Brown begins to think to himself about his situation and his pride in himselfbegins to build. He applauds himself greatly, and thinking with how clear a conscience he should meet his ministerAnd what calm sleep would be hisin the arms of Faith! This is ironic because at the end of the story, he can not even look Faith in the eye, let alone sleep in her arms. As Goodman Brown is feeling good about his strength in resisting the Devil, he hears the voices of the minister and Deacon Gookin. He overhears their conversation and hears them discuss a goodly young woman to be taken in to communion that evening at that nights meeting and fears that it may be his Faith. Hamlet Revenge EssayThroughout the story, Brown lacks emotion that a normal person would have had. The closest Brown comes to showing an emotion is when a hanging twig, that had been all on fire, besprinkled his cheek with the coldest dew. The dew on his cheek represents a tear that Brown is unable to produce because of his lack of emotion. Hawthorne shows that Brown has no compassion for the weaknesses he sees in others, no remorse for his own sin, and no sorrow for his loss of faith. His lack of remorse and compassion condemns him to an anguished life that is spiritually and emotionally dissociated. This scene is an example of how Goodman Brown chose to follow his head rather than his heart. Had Brown followed his heart, he may have still lived a good life. If he followed with his heart, he would have been able to sympathize with the communitys weaknesses, but instead, he listened to his head and excommunicated himself from the community because he only thought of them asYoung Go odman Brown ends with Brown returning to Salem at early dawn and looking around like a bewildered man. He cannot believe that he is in the same place that he just the night before; because to him, Salem was no longer home. He felt like an outsider in a world of Devil worshippers and because his basic means of order, his religious system, is absent, the society he was familiar with becomes nightmarish. He comes back to the town projecting his guilt onto those around him. Brown expresses his discomfort with his new surroundings and his excessive pride when he takes a child away from a blessing given by Goody Cloyse, his former Catechism teacher, as if he were taking the child from the grasp of the fiend himself. His anger towards the community is exemplified when he sees Faith who is overwhelmed with excitement to see him and he looks sternly and sadly into her face, and passed on without a greeting. Brown cannot even stand to look at his wife with whom he was at the convert service w ith. He feels that even though he was at the Devils service, he is still better than everyone else because of his excessive pride. Brown feels he can push his own faults on to others and look down at them rather than look at himself and resolve his own faults with himself. Goodman Brown was devastated by the discovery that the potential for evil resides ineverybody. The rest of his life is destroyed because of his inability to face this truth and live with it. The story, which may have been a dream, and not a real life event, planted the seed of doubt in Browns mind, which consequently cut him off from his fellow man and leaves him alone and depressed. His life ends alone and miserable because he was never able to look at himself and realize that what he believed were everyone elses faults were his as well. His excessive pride in himself led to his isolation from the community. Brown was buried with no hopeful verse upon his tombstone; for his dying hour was gloom.Bibliography:Young goodman brown by nathaniel hawthorne