Business Plan Essays (357 words) - Street Food, German Cuisine

Business Plan IV. Description of the market Our market is going to be focus mainly for the people that goes everyday to Church Street Station. This people are mainly tourist from everywhere in the world that comes to see the Themes Parks here in Orlando and they hear about Church Street Station and decide to go to see what it is all about. Also there is a big percentage of young people from 18 to 35 years old that goes mostly to the dance clubs and pubs that are in the area. We did a survey and we came up with an average of 2,000 people a day that visit Church Street Station. At this point there is no direct competition in our business. The reason why is because this is going to be a new business in there. All of the carts that sell food are mainly Gyros and Hot Dogs. This is good and is also bad. It is really good because people likes more the food that we will be serving than Hot Dogs but also because it is going to be something new in the area and it is difficult to us to make an estimate on the sales. At this point of time there is 12 carts in total, 7 Hot Dogs Carts and 5 Gyros Carts. By August 1 this number should go up because of the increase of people going to Church Street Station. V. Legal Aspects In order for us to start the business we need two licenses. The first one is the Occupational License. This license will cost us $710/year. The other license is the Health License and this one will run us about $35/year. There is one more license that we need but it is not for the business itself but for the person that is going to be selling the food. It is call Florida Food Handlers license. This license only cost $12 and is good for seven years. When the cart is open to the public, somebody with this license need to be in the premises, even if is not the one serving the food. Business Essays

Free Essays on A Jury Of Her Peers Theme Analysis

A Jury of Her Peers Theme Analysis Justice is often defined as treating someone or something with due fairness. But the fairness of a situation is often portrayed differently in many viewpoints. In Susan Glaspell’s â€Å"A Jury of Her Peers†, the idea of who is capable of fairly judging a person is examined. Mrs. Minnie Wright is being held in custody for the murder of her husband. As the sheriff and others go to the Wright’s house for different reasons, the answer to who should judge Mrs. Wright is revealed. Through the title of the story, the characters and their actions, and the use of symbolism, Glaspell expresses the theme that someone who has experienced a certain situation can find understanding for and truly judge someone who experienced the same situation . Justice Through the characters in the story and their actions, Glaspell further emphasizes her point theme that sometimes a person who has experienced something can find understanding for another person going through the same thing. Mrs. Hale and Mrs. Peters go to the Wrights’ house to collect clothes for Mrs. Wright, who is being held in custody while the sheriff and the county attorney arrive to collect evidence for a motive. The men only seek evidence to â€Å"convince twelve good men† that Mrs. Wright did indeed murder her husband, while the women turn to their emotional side to seek justice. The men are condescending and act as if they are superior to the women. Mrs. Hale’s husband, with â€Å"good natured superiority†, makes a comment â€Å"women used to worrying over trifles.† This causes the women to â€Å"move a little closer together† (412). This shows how the women are joining forces. The condescending nature and jibes of the men commun icates the point the author is trying to make about the lack of ability these men (and men in general) have of judging an isolated housewife. For the men, â€Å"evidence is factual and their version of "... Free Essays on A Jury Of Her Peers Theme Analysis Free Essays on A Jury Of Her Peers Theme Analysis A Jury of Her Peers Theme Analysis Justice is often defined as treating someone or something with due fairness. But the fairness of a situation is often portrayed differently in many viewpoints. In Susan Glaspell’s â€Å"A Jury of Her Peers†, the idea of who is capable of fairly judging a person is examined. Mrs. Minnie Wright is being held in custody for the murder of her husband. As the sheriff and others go to the Wright’s house for different reasons, the answer to who should judge Mrs. Wright is revealed. Through the title of the story, the characters and their actions, and the use of symbolism, Glaspell expresses the theme that someone who has experienced a certain situation can find understanding for and truly judge someone who experienced the same situation . Justice Through the characters in the story and their actions, Glaspell further emphasizes her point theme that sometimes a person who has experienced something can find understanding for another person going through the same thing. Mrs. Hale and Mrs. Peters go to the Wrights’ house to collect clothes for Mrs. Wright, who is being held in custody while the sheriff and the county attorney arrive to collect evidence for a motive. The men only seek evidence to â€Å"convince twelve good men† that Mrs. Wright did indeed murder her husband, while the women turn to their emotional side to seek justice. The men are condescending and act as if they are superior to the women. Mrs. Hale’s husband, with â€Å"good natured superiority†, makes a comment â€Å"women used to worrying over trifles.† This causes the women to â€Å"move a little closer together† (412). This shows how the women are joining forces. The condescending nature and jibes of the men commu nicates the point the author is trying to make about the lack of ability these men (and men in general) have of judging an isolated housewife. For the men, â€Å"evidence is factual and their version of "...

Marketing of services Essay Example | Topics and Well Written Essays - 1750 words

Marketing of services - Essay Example The political system of the country provides favourable business framework for companies to operate efficiently and ethically (Clayton Utz 2012). Technological Australia is recognised to be a technologically developed country which adopts latest technology rapidly which further facilitates organisations to ensure greater competitive advantages (Clayton Utz 2012). The intellectual property as well as technology is protected with legal laws and frameworks to preserve integrity and financial reporting transparency in the industry (Clayton Utz 2012). These are the various external factors which are observed to be quite favourable for Beehive marketing when performing its business operations in an effective manner. The internal environment of the company can be analysed in-depth with the identification of its internal strengths as well as weaknesses. In this respect, the key internal strength of Beehive is determined to be the employees or staffs. Notably, the employees in Beehive are ski lful as well as committed who perform their activities effectively. Moreover, the employees are also observed to be operating as a team which in return improves its workplace culture substantially and thus creates an indirect influence on its production efficiency. The company possesses a good brand image in the worldwide market segment which can also be attributed as one of its major strengths. Furthermore, the company with its business values and nature will be successful in offering better services in relation to marketing solutions for business sectors. The main weakness of the company is that it lacks adequate and proper office space employing 3 employees. Moreover, the company is also observed to be facing the issue of communication gap and control...In this respect, the key internal strength of Beehive is determined to be the employees or staffs. Notably, the employees in Beehive are skilful as well as committed who perform their activities effectively. Moreover, the employee s are also observed to be operating as a team which in return improves its workplace culture substantially and thus creates an indirect influence on its production efficiency. The company possesses a good brand image in the worldwide market segment which can also be attributed as one of its major strengths. Furthermore, the company with its business values and nature will be successful in offering better services in relation to marketing solutions for business sectors. The main weakness of the company is that it lacks adequate and proper office space employing 3 employees. Moreover, the company is also observed to be facing the issue of communication gap and control with clients as no specific communication measures have been adopted thus far. The team members of the company are also not offered with training facilities in relation to social media, copywriting as well as event management. The company is also perceived to be lacking commitment as well as business plan for future growth and prosperity.

Perspectives on Case Manager Project Research Paper

Perspectives on Case Manager Project - Research Paper Example In part one, a team of two researchers carried out an eighteen in-person interviews (Fattoruso & Quinn, 2007). Notably, when one of two staff researchers was not available, either the interview proceeding was recorded or the project attorney carried on as, a substitute to maintain consistency of the interviews. More significantly, all stakeholders participated voluntarily and were subjected to the same set of questions. The open-ended questions interview took place at a location chosen by the interviewee within an average time of one hour. More so, these interviews occurred between October 2010 and December 2010 after the project had been in the market for six months. The full set of interview questions are located in â€Å"Appendix A† of this report while below is a description of the total number of interviewees and job categories: Bench Officers: One full-time dependency court Judge and one dependency Judge working part-time in criminal cases. Attorneys: Five dependency att orneys—three individual interviews, group of two attorneys. Social Worker’ from the Human Services Agency, Children’s Services Division: Three emergency response social workers, one Division Chief, and two treatment unit supervisors overseeing programs of group homes, residential treatment, placements, adoptions, and commencement planning. County Unified School District Staff: One superintendent secretary, and one child welfare linked with custody of student records. Local Community Based Organization: A focus group interview consisting of one Executive Director, one Associate Executive Director of Programs, and one Clinical Program Manager. This agency provides a wide range of services designed to foster healthy families. The researchers’ objectives of the stakeholder interview were to gain an understanding and discuss the project in terms of—communication, goals, teamwork and collaboration, resources, and impacts of the case manager position Comm unication Researchers received a wide variation of responses based on how often the stakeholder’s role communicated with the case manager. More significantly, each stakeholder had a different role and thus, communication with the case manager took place at different times and for different reasons. Only eleven percent of interviewees were able to give researchers a frequency of how often the communication occurs. Another eleven percent stated that communications occurred by either phone or email. In addition, researchers received key information about caseload type(s) and reasons as, to why communication among stakeholders is widespread or not. Notably, one interviewee stated that, â€Å"half of my cases have contact with the case manager†¦my caseload is up to 100.† Along the same lines, seventeen percent of interviewees mentioned that because the caseload for the target population is so low, they hardly ever cross paths (Fattoruso & Quinn, 2007). Conversely, twen ty-two percent of interviewees noted that they have never worked with the case manager. Moreover, the variation in responses depended on various settings. Seventeen percent of interviewees attested to the fact that their communications were in settings such as, formal meetings and dependency hearings. More significantly, twenty-two percent of interviewees provided examples of the educational issues comprising of requests for school credits, graduation options, school changes, and continuing education as, they worked with the c

Family Assessment and Substance Abuse Assignment

Family Assessment and Substance Abuse - Assignment Example Violence here can be physical, verbal, or sexual. This can be attributed to the impaired reasoning state that a person assumes after using drugs. Drugs have been known to interfere with one’s perception of things and so tend to think illogically and irrationally. Those who suffer here are spouses of drug addicts as well as their children. In addition to this, the physical state of drug addicts is also affected. Psychologically, drug addicts are affected, as they appear mentally deranged (Thombs et. al., 1997. Their thinking and reasoning is impaired, and as a result, their decisions affect their families. The resultant effect of drug abuse in a family includes denial and keeping of that issue secretive. As a result, the family makes changes in the ways it deals with the substance abuse problem. Some of the rules that have been documented to exist in families where substance abuse is an issue include; all family members are encouraged not to feel the painful effects that drug u se cause a family member to do. These changes include emotional and behavioral changes. Children and spouses affected here do not talk about or express their emotions in public, but in case this happens, the reaction is always violent and abusive. In such families, there is lack of trust since many promises made are always cancelled or forgotten. This erodes the trust of family members, especially children who grow up with this notion. If anyone abuses drugs while expectant, then there are chances that they will give birth to babies with low birth weight. In addition to this, babies born by addictive mothers suffer from withdrawal syndrome soon after birth or acquire fetal alcohol syndrome. Substance abuse... This essay stresses that organizations that are responsible for drug trafficking should be dismantled and their leaders arrested and prosecuted in international courts. However, this method has not been effective as much, probably due to the high rate of corruption and presence of rogue law enforcers and top government officials who benefit from drug sales. Also, fundamental is the enhancement of policies that will control the sale of prescription drugs so that they are not abused. The government has put in place some acts and legislations that are aimed at controlling the vice. For example, the Drug abuse Control amendments of 1965. This was formed to act as a modification of the Food, drug, and cosmetics act. Through this act, some drugs were labeled as stimulants, depressants, hallucinogens, required licenses, and control in terms of distribution and sales. The bureau of narcotics and dangerous drugs was also formed, and handles control of marijuana and narcotics, as well as other drugs. Finally yet importantly in control of substance abuse and addiction is the online counseling services that help drug users. This paper makes a conclusion that substance abuse is without a doubt a major problem that has affected all and sundry in the world, be it directly or indirectly. Even though there are measures in place to curb this problem, it is evident that a lot more has to be done if total eradication is to be achieved. This will bring normalcy to families and the society as whole.

How Software Utilities Can Improve Computer Science Essay

How Software Utilities Can Improve Computer Science Essay All software utilities have been designed and made to improve the performance of computer systems. These software utilities can be an advantage to Sam because he does not know much about computers and is new to this electrical machine. Some functions and features that software utilities perform can be done manually but only by experienced and professional. Most new users cannot carry out such operations, which will improve the performance of his computer system manually. A computer system can maintain upmost computer performance through utilities and are suggested how they maintain computer performance below. Security (Anti-virus, Anti-Spyware and Firewall): There are two main areas to security within a personal computer that need to be maintained through the use of a software utility. One is firewall, a software utility which prevents unknown people and viruses from entering your computer. A firewall acts like a wall and a boundary between the computer and the internet. It only allows such connections that have a trusted certificate with them. If a person is not protected from such threats, other people can manipulate his computer or delete everything from his computer. The other security utility that is needed with in the computer is standard software that works in the background and checks for any viruses within the computer. These types of viruses enter a persons computer from a cd, usb or any other external sources which dont have access through the internet. You can get a utility software that functions both of these features. This is more convenient, takes less hard drive space, uses less CPU/RAM usage and also costs less. Anti-spyware software and utilities are needed on every computer especially if one is to use his computer for business work and contains valuable data on his operating system. Sam has the intention of buying a computer for his business work hence he wouldnt want anyone to take his data. Anti-spyware is a software that is designed and created for the sole purpose to detect and prevent spyware program installations. And if it finds one that is already installed on your pc then it will remove it instantly. Spyware can affect the performance of the computer system because it takes up hard drive space and also runs in the background of the computer (hence uses CPU and RAM memory). Sam can use a software utility such as SUPER AntiSpyWare. This will help Sam keep his information safe and secure. Malicious computer hackers, data-destroying viruses, and email spam are the main but few different possible threats to your personal security and your operating system. Without protection, hackers can gain control of any information stored on your computer and also disturb computer performance. It could go to the extent that the hacker can wipe out your operating system. By not being protected you can also encounter viruses; these sorts of programs are designed to damage, disable, or do other unwanted actions to your computer. To prevent these undesirable actions you can use a software utility such as Norton 360 or Kaspersky Internet Security Special Ferrari Edition. This software utility is made to protect against Viruses, Malware and also to stop threats from entering your computer. Been protected ensures that your computer performance should run smoothly. Sam needs his computer to be protected because he is going to be using his computer for business. He will have valuable data on their as customer details are should not be lost or stolen. Defragmentation: Defragmentation is process done to a hard drive in order to recover some lost disk space and also to improve the computers performance. Defragging is a vital process which needs to take place on your hard drive. If a hard drive is not defragmented, then over time the drive will slowly reduce the available capacity on the drive and begin to create performance issues. When you defrag your hard drive you re-arrange the order in which the data is stored on the drive to ensure that the good files and folders are set first so that the computer doesnt spend time searching for them. The PC will arrange the data so that data that belongs together and needs to be read together is actually put in the same place on the drive. You can defrag your computer using the software utility called defraggler. This software will guarantee your hard drives clean-up and tidying hence improve your operating systems performance. Sam needs to defragment his computer because if he doesnt then his computer will c lutter and form a load of useless files. This will then cause performance issues. Clean up Cookies and Internet History: Clean-Up is basically a utility that clears out all temporary files that dont need to be kept within the computer. This includes clearing all temporary files, emptying the Recycle Bin, removing all unwanted user data from sources such as the Internet cache, history and cookies. This can help the performance of a computer because it takes out and removes all of the waste permanently. A utility which carries out these actions is CCleaner. This makes sure that there is no clutter left in your operating system. Sam will have to use this system utility on a regular basis to keep his computer running at a good speed. Back up: Back-Up is a small saved copy of an operating system. This copy is made for emergency cases, where a persons computer has a vital breakdown and the only option available for the computer to properly function again is that you use the back up to restore your computer. You can use a utility software/tool such as CCleaner to create a backup for your operating system. Back-ups can be saved on the primary internal hard disk but if anything is to go wrong with the hard disk then you can lose all of the files including the back-ups made. This is why it is better to make back-ups on external devices such as USBs, CDs, Floppy Disks and external hard drives. Sam is going to be using his computer for business and needs to back up his work. Business data is valuable and cannot be lost. Screensaver: Screen Savers that are downloaded from random websites are normally the ones which affect the computers performance. There are also the flashy and very complex types of screensavers that affect computer performance. This is because the screensaver takes up some of the CPU (Central processing unit) usage and leaves less for the computer to run on then it would without the screensaver. One way of removing this is by getting to this address within the computer (Control PanelAppearance and PersonalizationPersonalization) then clicking on screensaver and applying one of the built in screensavers because these are less complex and also use up less CPU usage. It would be better to completely remove the screen saver and use the hibernating feature within the computer but to suite your needs I would only recommend the built in computer screensavers. If you dont like the screensavers provided than you should download some from the Microsoft website. Sam doesnt really need a screensaver; this i s because there isnt much benefit to a screensaver. If Sam wishes to use one then I advise his to use simple one for example the system default ones. Compression: Compression is when you reduce the size of files by changing its coding to a more efficient coding. This is done to make up more space on the hard drive. Compression doesnt remove and free a massive amount of space but every bit of space counts. Hence a computer with loads of files, when compressed can make a big difference and free a lot of space. Sam can save space on his hard drive by compressing his files. Driver updates: Updating your drivers is very important; whether it may be software updates or hardware updates. Normally when you buy a printer, the printer comes with a software driver CD. This familiarises people with the fact that software need to be updated but they are not normally familiar with updates for hardware devices, such as Intel devices, graphics cards and chipsets. These need to be updated to improve computer performance. New drivers are made by the company of the product and fix bugs, improve the security of the devices and give better performance. To find out which hardware and software drivers need updating, you could use a utility such as Driver scanner 2013 from Uniblue. This tool will scan all your operating system to tell you what drivers need updating. Having all your drivers updated your operating system should run at optimum speed. Sam needs to update his drivers because this helps to fix bugs and other performance issues. Operating system diagnostics: Operating system diagnostics is when you come up across a problem and then your computer gives you the option diagnose problem. The computer will then search for the solution to the problem. Once it finishes diagnosing then it will either give you the solution to the problem or it will tell you that it cant find the solution. For example when you internet is not connected and you open up your browser then it will give you some advice for why your internet is coming on and it will also give you the diagnose problem message. This will be of good use to Sam because he is new to computers and will not have enough knowledge on solving his computer problems. Conclusion: Over time, a computer may accumulate a lot of unnecessary data and a lot of errors. This can easily wear the performance of the computer down and can affect the operating system of the PC. Because of this you should use a computer utility program/or programs that would be able to provide the necessary help that you need in order to help maintain a smooth operating system. The best PC utilities manage and cover a wide range of problems. This is more beneficial, saves money and also hard drive space. Some recommendations for Sam, to stop his computer from accumulating performance issues. Security: (Anti-Virus, Anti-Spyware and Firewall) -Run daily checks on your computer to viruses. -Keep your firewall on all the time. -Try to get a utility that contains all of these softwares in one. (Panda Antivirus Pro 2013) System Maintenance: Defragmentation- Defrag your computer every six months. Clean-Up- Run a clean-up on your computer every two weeks. Back-Up- back up your computer every two to three days. Screen Saver- runs a very basic screensaver but you will be better without one. Compression-compress your files whenever you find a folder full of clutter. Cookies and Internet History- should be done as part of a clean-up check but you need to clear you cookies and internet history every two weeks. Diagnostics: Driver Updates- drivers need to be updated every time a new update is released. Operating System Diagnostics- is just a problem finder and solution raiser. Use whenever in need of this service. These recommendations should stop your computer from accumulating performance issues.

Organ Transplants in the UK Essay -- Healthcare

The need for organs in the UK is increasing by an outstanding rate, leaving up to 5000 people to die, while waiting for an organ to be donated, each year. Hospitals and their resources are exhausted. The number of donated organs is simply not enough to keep up with the increasing demand for healthy, transplantable organs. Scientists have in recent years come up with numerous advances in this area of science; however various issues have become apparent on the road to successful transplantation. Transplantation is the process of replacing a damaged or failing organ with a compatible functioning one. For years the only foreseeable solution were voluntary donors who allowed the use of their organs after they passed away or live donors who were prepared to donate cells, blood or transplantable organs such as kidneys. The main issue with organ transplantation is the lack of donors. Governments in the past have put forward the idea of compulsory donation. However some people argue that this is unethical and a person has the right to refuse. In some major religions the idea of harming the body after death is just simply not an option. Counter arguments claim that these issues are irrelevant as the number of lives saved would outweigh any negatives; they would be ‘saving lives’. Transplants from human donors are relatively straightforward on the face of it however underneath the surface hides a tangle of ethical and moral concerns. What are the sources of organs used in transplantation? Should we pay for organs? Should someone who has already received one transplant, be allowed a second? Should alcoholics be given liver transplants? Yes, in the United Kingdom, organs are sourced from volunteers, however in recent years the issue of or... ...arch?’ http://www.sciencemag.org/content/318/5858/1917.abstract, ‘Induced Pluripotent Stem Cell Lines Derived from Human Somatic Cells’, November 2007 http://www.wellcome.ac.uk/About-us/Policy/Spotlight-issues/Human-Fertilisation-and-Embryology-Act/Stem-cell-basics/WTD040077.htm, ‘The ethics of stem cells’ http://www.stemcellresources.org/pdf/uw_ethics.pdf, ‘The ethics of stem cells’ http://stemcells-research.net/2011/07/09/stem-cells-ethics/, ‘stem cell ethics’ http://ndt.oxfordjournals.org/content/27/3/1246.full.pdf+html?sid=cc03e2a4-2c56-4dfa-9a45-2ac85b454869, ‘Comparison between bortezomib and rituximab in the treatment of antibody-mediated renal allograft rejection’ Journals/Books: Budiani-Saberi, Da; Delmonico, Fl, "Organ trafficking and transplant tourism: a commentary on the global realities.†, American journal of transplantation, May 2008

Contemporary Issue on Chit Funds -“The Invincible”

An contemporary issue report on CHIT FUNDS â€Å"THE INVICIBLE† 2013-2014 Made by : Fakhruddin Badshah PREFACE This document sketches the the meaning, introduction, overview,its working,online chit funds, I threw some light on latest news about this sector and also tried to cover the latest upsteram and downsteam aspects of this sector (chit fund companies). My aim of writing on this issue is who will going to stop the fraudulant activities being done by this companies. I chose this segemnt for my contemporay because this is going very common among the people in today’s time.So I thought lets give away the the detail of this segment to the people. With the help of this document people will come to know what exactly going on in this domain. This sector is expanding rapidly like anything. This developments has become a catalyst for the growth of vigourous chit fund companies in all over India. So what provisions should be made to curb the alleged false practices done by t hese companies or segment. Thus it is the to think and act on it to protect the interest of small investors and their hard earned incomes. Index Introduction| 5-7| Overview of chit fund| 8|How chit fund works| 9-11| 2012-2013 Highlighted News about chit-fund| 12-13| Who will stop chit funds? | 14-18| Report of MCA| 18-21| Benefits| 21-22| Drawbacks| 23| Safety from Chit funds| 24| CHIT FUNDS – â€Å"The Invincible† Introduction: A chit fund is a type of savings scheme practiced in India, besides other forms of savings scheme offered by various public and private sector banks, post offices, insurance corporations etc. Chit Funds are indigenous financial institutions in India that cater to the financial needs of the low-income households, which have been excluded from the formal financial system. Chit†, in the legal purview, means a transaction whether called chit, chit fund, chitty, kuri or by any other name by or under which a person enters into an agreement with a specified number of persons that every one of them shall subscribe a certain sum of money (or a certain quantity of grain instead in the case of villages) by way of periodical installments over a definite period and that each such subscriber shall, in his turn, as determined by lot or by auction or by tender or in such other manner as may be specified in the chit agreement, be entitled to the prize amount.In simple words, A chit fund is a savings-borrowing scheme, in which a group of people enter into an agreement to contribute fixed amounts periodically, for a specified period of time. The amount so collected (or the chit value) is distributed among each of the persons in turns, which is determined by way of lots or an auction. Chit funds provide an opportunity to save excess cash on a daily, weekly or monthly basis, and give an easy access to it in case of emergency. Chit funds are the Indian equivalent of the Rotating Savings and Credit Associations (ROSCA) that are famous thr oughout the world.ROSCAs are a means to â€Å"save and borrow† simultaneously. It is considered one of the best instruments to cater to the needs of the poor. It enables poor people to convert their small savings into lump sums. The concept of chit funds originated more than 1000 years ago. Initially it was in the form of an informal association of traders and households within communities, wherein the members contributed some money in return for an accumulated sum at the end of the tenure. Participation in Chit funds was mainly for the purpose of purchasing some property or, in other words, for â€Å"consumption† purposes.However, in recent times, there have been tremendous alterations in the constitution and functioning of Chit funds. While in most places ROSCAs are user-owned and organized informally, in India, chit funds have been formally institutionalized as well. Legally recognized firms provide a variety of chit schemes. A Chit Fund can either be legally regist ered or unregistered. Registered Chit Funds, as the name suggests are being regulated under the various Chit Fund acts. While unregistered Chit Funds are unorganized and mostly run by the close friends, relatives or family members of the investor.Unregistered Chit Funds which exceed 100 ($2) in value are illegal in India, although it is very well known that unregistered Chit Fund industry is very popular in India, mainly in the rural and semi-urban area, where people have very little access to the banking services and where financial illiteracy is more. The regulation of the Chit Fund industry was put in place by the Government of India to address the problem of misuse of informal Chit Funds by unscrupulous promoters and founders running away with the participant’s funds, leaving the members with little recourse to retrieve their money back.Chit funds in India are governed by various state or central laws. Organized chit fund schemes are required to register with the Registra r or Firms, Societies and Chits. Various Chit Fund Acts governing the industry in India are as under: * Union Government – Chit Funds Act 1982 (Except the State of Jammu and Kashmir) * Kerala – Kerala Chitties Act 1975 * Tamil Nadu – Tamil Nadu Chit Funds Act, 1961 * Karnataka: The Chit Funds (Karnataka) Rules, 1983 * Andhra Pradesh – The Andhra Pradesh Chit Funds Act, 1971 * New Delhi- The Chit Funds Act,1982 and Delhi Chit Funds Rules, 2007 * Maharashtra – Maharashtra Chit Fund Act 1975 Uttar Pradesh: Uttar Pradesh Chit Funds Act, 1975 * Goa, Daman & Diu: The Goa, Daman and Diu Chit Funds Act, 1973 * Pudducherry/Pondicherry: The Pondicherry Chit Funds Act, 1966. An overview of chit funds: The economic development of a country depends upon the availability of resources. The main activities that contribute to the growth are production and employment. Production depends upon the inputs of the factors such as finance, raw materials, labor etc. The mo st important here bring finance, which is the chief mobilized of all the factors of production.In a money economy, finance for development initially comes from private savings. These private savings give to the secondary deposits; this is where the financial institutions come into picture. Financial institutions occupy a central place in mobilizing savings from the people and make it available to the trade, commerce and industries either as a capital or loans. The non banking sector comprises of money lenders, indigenous bankers, pawn brokers, nidhis, â€Å"chit funds† etc.The origin of chit funds can be traced way back to the 17th century when the economic wizards of state of Malabar (now known as the state of Kerala) started this activity. Those were the people who actually founded this financial institution. It became so popular and numerous that people started adopting this activity as a profession by the 18th century all over. As the chit industry grew the number of peop le involved in this industry also grew. This gave rise to many misconceptions, frauds, mismanagement etc. , in this industry.To prevent this State Government of Travancore took the first initiative and introduced the first Chit Fund Regulation being the Chit Fund Act 1914. One important regulation introduced by this act was that of a commission payable to the foreman. The Act brought about a ceiling limit on the commission payable to the foreman that is 5% maximum which is still the same even to this date. How chit funds works: Chit funds which are popular from a very long time but still some people don’t know how exactly this chit fund works and invest their money illogically.This can be understood by the following procedure: Let’s say there are 20 people who come together and form a group. Each one will contribute Rs 1,000 per month and this will continue for next 20 months (equal to number of people in the group). In this group there will be one organizer, who will take the pain of fixing the meetings, collecting money from each other and then doing other procedures. So each month all these 20 people will meet on a particular day and deposit Rs 1,000 each. That will make a total of Rs 20,000 every month.Now there will be a bid on who will take this money. Naturally there will be few people who are in need of big amount because of some reason like some big expenses, liquidity crunch, business problem, Beti ki Shaadi etc etc Out of all the people who are in need of money, someone will bid the lowest amount, depending on how desperate he is for this money. The person who bids for the lowest amount wins the bid. Suppose out of total 3 people who bid for 18,000, 17,000 and Rs 16,000, the one who bids the lowest will win.In this case it’s the person who has bid Rs 16,000. There will also be â€Å"organizer charges† which are around 5% (standard) of the total amount, so in this case its 5% of Rs 20,000, which is Rs 1,000. So out of the total 16,000 which this winner was going to get, Rs 1,000 will be deducted and the winner will get only Rs 15,000, Rs 1,000 will be organizer charges and Rs 4,000 is the profit, which will be shared by each and every member (all 20 people), it comes out to be Rs 200 per person, and it will be given back to all 20 members.So here you can see that the main winner took a big loss because of his desperate need of getting the money and others benefitted by it. So each person actually paid just 800, not 1,000 in this case (they got 200 back). Note that when a person takes the money after bidding, he can’t bid from next time, only 19 people will be eligible for bidding. Now next month the same thing happens and suppose the best bid was Rs 18,000 , then winner will get 17,000 (after deducting the organizer fees) and the rest 2,000 will be divided back to people (Rs 100 each) . So each person is paying effectively Rs 900.This way each month all the people contribute the money, someone takes the money by bidding lowest, organizer gets his charges and the rest money is divided back to members. You will realize that the person who takes the money at the end will get all the money except organizer fee, as there is no one else to bid now. So the person will get around Rs 19,000 in the end, if you try to find out the returns which he got out of the whole deal, it will depend on two things, how much lower bids were each month and the fees paid to organizer, if bids and charges are very low, then a person will make more money at the cost of other situations.So this is pretty much how a chit fund works, there are various versions of chit funds and how they work , but the idea was to communicate the basic model and how it works. | Online Chit Funds is also running with pace of E-commerce With the advent of ecommerce in India, Chit funds have also started going online. Online chit funds conduct auctions online and subscribers can pay their monthly dues and receive prize am ount online through online transactions including electronic fund transfers. Each member will have an online account through which they can manage their chit funds. 2012-2013 Highlighted News about chit-fund: . Cunning strict approaches adopted by RBI to protect the investors from delusive acts of chit fund companies. 2. Last year in the month of December, The Reserve Bank of India (RBI) warned all the state governments about the mushrooming of chit funds and also written to them to take appropriate actions against them for duping depositors. 3. RBI Governor Duvvuri Subbarao said, â€Å"The responsibility for checking the chit funds and for prosecuting the violation of law is of the state government. We have written to all the state governments to be vigilant about this and to take appropriate action†. . D Subbarao also called for greater awareness among police and the general public for checking the proliferation of the chit funds in the country. 5. On 6th December 2012, Min ister of State for Corporate Affairs RPN Singh said that 87 companies have come under the scanner for alleged irregularities related to chit fund schemes and money circulation in the garb of multi-level marketing. The Registrar of Companies (RoC) and its Regional Directors have been asked to scrutinize the balance sheets and inspect the books of accounts and other records of these 87 companies. . India's market regulator, Securities and Exchange Board of India (Sebi) had banned companies such as Rose Valley and MPS Greenery Developers from accepting deposits from the public. 7. The former chief minister also pointed it out that small savings through post offices and co-operatives has suffered a lot as many people are depositing their money to these chit funds expecting huge return. 8. In Bhubneshwar, The crime branch told that they are making a short documentary to sensitize people about illegal non-banking financial companies (NBFCs).The film will feature a host of financial manage ment companies like Seashore, Ashore and Saffex, whose irregularities were exposed recently. The Economic offences wing (EOW) of the Crime Branch has registered at least 30 cases against several fraud companies in the past six months for embezzling public deposits after giving them false promise of high return. Senior functionaries (Head) of the companies were arrested and their bank accounts being ceased. 9. EOW also making plan to start a toll free number to protect people from fraudulent activities done by chit fund companies. 10.Government making steps towards the projection of model; rules to check chit fund and MLM (Multi-level Marketing) frauds. The central government will soon make stringent provisions in place, like hefty financial penalty, jail terms, de-listing from the registrar of companies (RoC) roster, among others. Who will stop chit funds In October 2012, a women and her elder daughter were running a chit fund, committed suicide by consuming acid in Puthur in Trichy as they were unable to repay their investors. These women had started a Diwali chit fund in the year 2011 and attracted around 300 investors in the area.They had collected around `9lakh from the investors. As per norms, the chit fund company should have repaid the money with interest or given assured gifts to the investors before Diwali of the year 2012. When the investors pressurize the women, they decided to end their lives and consumed poison. Investors are helpless. This is not the only case there are numerous. Most chit fund investors are the rural poor and or small investors. Neither the victimized investors nor the police bring to book the persons responsible. Only the poor agents remain in place from whom the money cannot be recovered.According to Ministry of Corporate Affairs (MCA), there are 4256 listed or registered chit fund companies which are running their business in the country while India chit-fund association estimates that the country has in total 15000 (register ed and unregistered) companies which manage billions of rupees worth of funds. ShriRam Capital, one of the largest players, operates in four southern states and manages over USD 800 million. Some hope that recent hiccups in India’s once-booming microfinance sector, whose rise was led by microcredit, could bring even more business their way.One can imagine how big the business is all over India. Too many regulators could not stop irregularities in chit funds. Everybody agrees that irregularities need to be stopped because these are causing harm to a lot of small investors. But the question is; who will stop it? In 1978, when the RBI banned chit funds, it came under the ministry of corporate affairs as a collective investment scheme. Another way these companies work is through private placement of the non-convertible debentures or collective investment scheme. In this case, SEBI has the power to regulate it.Sahara and many other big names are in on it. Any debenture or private placement cannot be done by more than 50 people. In contrast, these kinds of companies collect money from thousands of investors. If the number of investors of share and debenture is more than 50, it needs to be registered in the market and the SEBI would control it. RBI wants the state government to take steps: In this context, RBI has a different take. Subbarao, Governor, RBI, has advised the state governments to make their law stronger to save common investors from the chit fund trap.It has written letters to the states to develop a definite action plan to take step against these multi levels marketing player. Subbarao explained that RBI has no power to regulate chit funds. So, it has asked state government to take the initiative to prevent the mushrooming of money market agencies. RBI can train police and other legal bodies about chit funds but cannot instruct the police to do so. It is a state subject to plan and executes the prevention process of chit funds. Corporate Affairs ministry looking into it:Union corporate Affairs Minister Sachin Pilot has said that the central government is looking into the issue of some chit funds and the Ponzi scheme that allegedly dupe small investors by using legal loopholes. It would also encourage state government to take necessary action against these firms. These firms are now misusing the loopholes, pilot added. Furthermore he added, â€Å"Our main objective is to protect small investors from these companies, who are taking their (investors) hard earned money. † As many as 87 companies have come under the scanner for alleged irregularities related to chit fund schemes and money circulations.Minister of State for corporate Affairs R. P. N. Singh has informed the Rajya Sabha that the directions have been issued on the basis of specific complaints received by the ministry against these companies, which are â€Å"alleged to be carrying on activities related to prize chit fund and money circulation in the garb of m ulti-level marketing. Legislative hodgepodge: Singh further said that SFIO (Serious Fraud Investigation Office) has recommended setting up of a specific central regulatory agency for the implementation of the prize chit and money circulation scheme (Banning) act, 1978.The act is administered by the Department of Financial services (DFS) which has constituted an Inter-Ministerial Group consisting of representatives from DFS, Ministry of Corporate Affairs (MCA), RBI, Security and Exchange Board of India (SEBI), Department of Consumer Affairs and Central. Report of Ministry of Corporate Affairs: List of Companies not registered but found doing Chit Business Beware of these Companies. Never join them. M/s. P. V. R. Chits (P) Ltd. , B-50, Flatted Factories, Okhla Phase-III, N. Delhi-20. | M/s. Narmal Chits (P) Ltd. , 1427, Gurudwara Road, Kotla Mubarakpur,N.Delhi-3. | M/s. Sahara Chits (P) Ltd. , WZ/A-49, Krishna Park Extension, N. Delhi-18. | M/s. Twenty Second Century Chit Fund (P) Ltd . , 4205-4206, Sant Nagar, Main Road, Rani Bagh, Delhi-34. | M/s. Skylla Chits (P) Ltd. , D-223/115, Laxmi Chambers, Laxmi Nagar, Delhi-92. | M/s. Hari Vimal Chits (P) Ltd. , Shop No. 8, M. R. Market, Rangpuri, N. Delhi-70. | M/s. Merchant Chits (P) Ltd. , CA-24/2, Tagore Garden, N. Delhi-27. | M/s. Mehar Chits (P) Ltd. , IIIrd Floor, 528, Krishna Gali, Katra Neel, Chandni Chowk, Delhi-6| M/s. Vinamar Chits (P) Ltd. , 170-E, Kamla Nagar, Delhi-7. | M/s.Vinamar Chits (P) Ltd. , 272, Hakikat Nagar, Mall Road, Delhi-9. | M/s. Well King Chits (P) Ltd. , C-47, Acharya Niketan, Mayur Vihar, Phase-I,Delhi-91. | M/s. Aegis Chit Fund (P) Ltd. , E-484, Greater Kailash-II, New Delhi-48. | List of Companies which have been debarred from doing any Chit Fund business in Delhi   NAME| ADDRESS| A. G. CHIT FUND PVT. LTD. |    | ARJIT CHITS PVT. LTD. | | BHAGMAL CHITS PVT. LTD. | | CHOJI PRITAM CHITS PVT. LTD. | | DISHTI CHIT FUND PVT. LTD. | DIRECTOR: Sh. Ajay Pandon| DISHTI CHIT FUND PVT. LTD. | DIRECTOR: Sh. Sudarshan Kapoor| EK-ONKAAR CHIT FUND PVT.LTD. | | EROS FIN. ; CHIT FUND PVT. LTD. | | GIRDHAR CHITS PVT. LTD. | | GOLDEN BENEFIT CHITS PVT. LTD. | | J. KRISHNA CHIT FUND PVT. LTD. | | J. V. CHITS PVT. LTD. | | KADS CHIT FUND PVT. LTD. | | KHAJANA CHITSPVT. LTD. | | LEAN CHITS PVT. LTD. | | MINCO CHITS PVT. LTD. | | NIKETAN CHIT FUND PVT. LTD. | | PARVATI CHIT FUND PVT. LTD. | | PARVEEN CHIT FUND PVT. LTD. | | POMA CHIT FUND PVT. LTD. | | PROSPER CHIT FUND PVT. LTD. | | RITESH CHIT FUND PVT. LTD. | | ROHTGI CHIT FUND PVT. LTD. | | ROYAL CHIT FUND PVT. LTD. | | RUHANI CHIT FUND PVT. LTD. | | S. T. S. CHIT FUND PVT.LTD. | | SAFAL CHIT FUND PVT. LTD. | | SATSANGI CHIT FUND PVT. LTD. | | SIMPLICITY CHIT FUND PVT. LTD. | | SUBHASH NAGAR CHIT FUND PVT. LTD. | | TRI NAGAR CHIT FUND PVT. LTD. | | VEDANTA CHIT FUND PVT. LTD. |    | YOG MAYA CHIT FUND PVT. LTD. |    | PARVARISH LEASING ; FIN. (P) LTD| Shop No. 6, Mafare Garden, New Delhi| M. V. A. CHIT FUND (P) LTD. | Shop No. 10, Krishna Mkt. ,Lajpat Nagar,N. Delhi. | HONOUR CHITS (P) LTD. | 2352, Sevak Bhawan,IIIrd Floor, Shop No. 9,Beadon Pura,Karol Bagh, N. Delhi. | * Source Ministry of corporate AffairsBenefits of Chit funds: Chit Fund is an attractive Investment Option which caters to people from all walks of life. It is specifically beneficial to the Salaried Class, Professionals, Businessmen and Self Employed. The uniqueness of Chit Fund as a method of Financial Planning stems from the fact that, it is both a tool for saving and borrowing. In other words, it serves the dual purpose of being an investment for your savings and in times of need the Subscriber can bid for the Prize Amount in order to meet any unexpected expenditure. The benefits of Investing in Chit Fund are numerous. You can choose how much you want to save per month. Chit funds companies offers chits of various denominations and monthly subscriptions amount ranges from Rs 2500/=(Chit value Rs 1 lakh) to monthly subscription of Rs 1,25,000. * The rate of return is very high compared to other Investment Options and it is also secure form of Investment. * Your Monthly payments will be the Chit Subscription Amount minus the Dividend. The details of the Dividend entitled for Deduction and the Balance Amount payable shall be informed every month, which is mandatory. It inculcates the habit of saving and setting apart a particular amount every month towards investment for a rainy day. * It is good for the Housewife to keep or save their small savings in Chit funds as they will get the money at the time of utmost financial need for household purposes. * It is generally used by housewives, employees of same company, peer groups, friends, and family members or some associations. * If it is used in proper or genuine way then it is makes a worth to invest in chit funds (Organized or unorganized). Drawbacks: Chit-funds do not offer any pre-determined or fixed returns. * Higher returns are earned when there are more nu mber of members in the group or if the duration of the scheme is longer. * One would earn more, when more members need emergency funds. Thus returns cannot be calculated and decided when one joins the scheme. * No security in unregistered chit fund companies. So there are more chances of getting hoax by these fraud companies. * Organizer gets benefited more from your savings. * No guarantee if fixed returns. * In chits interest earnings are lower than Fixed deposits (FD). High degree of risk is associated with chits, so relying on chit funds for saving could be more dangerous. * Chit does not make money; it is just a mechanism for liquidity and emergency funds. * Many chit fund owners are collecting huge volume of money from the common people by making false promises to them. Many poor people of our state are being allured by these chit fund owners and depositing their hard-earned money. But the people are not getting back returns for their investments How to be a Safe investor in C hit Funds:With the plethora of chit fund companies around, the safety of a chit fund lies in choosing the right one. In a registered chit fund company, under legal binding, the activities are regulated and institutionalized by the Chit Fund Act. And hence could be considered safe. However, other unregistered companies operating informally do exist. It has been also seen that depositors are being lured by chit funds companies or firms with higher returns than what banks offer them. These companies are also flourishing in the rural belts where banking penetration is low.One should carefully analyze the pros and cons before making investment in chit funds. Therefore one needs to exercise caution while choosing where he desires to invest. Chit funds definitely are an attractive option for regular saving. It inculcates a disciplined approach to financial planning. It has the added advantage of bringing a combination of savings as well as hassle free borrowing. This dual purpose investmen t tool could be a friend in need at times of unexpected financial emergencies. Thence BE SAFE AND BE SELECTIVE while going for any chit fund schemes. Contemporary Issue on Chit Funds -â€Å"The Invincible† An contemporary issue report on CHIT FUNDS â€Å"THE INVICIBLE† 2013-2014 Made by : Fakhruddin Badshah PREFACE This document sketches the the meaning, introduction, overview,its working,online chit funds, I threw some light on latest news about this sector and also tried to cover the latest upsteram and downsteam aspects of this sector (chit fund companies). My aim of writing on this issue is who will going to stop the fraudulant activities being done by this companies. I chose this segemnt for my contemporay because this is going very common among the people in today’s time.So I thought lets give away the the detail of this segment to the people. With the help of this document people will come to know what exactly going on in this domain. This sector is expanding rapidly like anything. This developments has become a catalyst for the growth of vigourous chit fund companies in all over India. So what provisions should be made to curb the alleged false practices done by t hese companies or segment. Thus it is the to think and act on it to protect the interest of small investors and their hard earned incomes. Index Introduction| 5-7| Overview of chit fund| 8|How chit fund works| 9-11| 2012-2013 Highlighted News about chit-fund| 12-13| Who will stop chit funds? | 14-18| Report of MCA| 18-21| Benefits| 21-22| Drawbacks| 23| Safety from Chit funds| 24| CHIT FUNDS – â€Å"The Invincible† Introduction: A chit fund is a type of savings scheme practiced in India, besides other forms of savings scheme offered by various public and private sector banks, post offices, insurance corporations etc. Chit Funds are indigenous financial institutions in India that cater to the financial needs of the low-income households, which have been excluded from the formal financial system. Chit†, in the legal purview, means a transaction whether called chit, chit fund, chitty, kuri or by any other name by or under which a person enters into an agreement with a specified number of persons that every one of them shall subscribe a certain sum of money (or a certain quantity of grain instead in the case of villages) by way of periodical installments over a definite period and that each such subscriber shall, in his turn, as determined by lot or by auction or by tender or in such other manner as may be specified in the chit agreement, be entitled to the prize amount.In simple words, A chit fund is a savings-borrowing scheme, in which a group of people enter into an agreement to contribute fixed amounts periodically, for a specified period of time. The amount so collected (or the chit value) is distributed among each of the persons in turns, which is determined by way of lots or an auction. Chit funds provide an opportunity to save excess cash on a daily, weekly or monthly basis, and give an easy access to it in case of emergency. Chit funds are the Indian equivalent of the Rotating Savings and Credit Associations (ROSCA) that are famous thr oughout the world.ROSCAs are a means to â€Å"save and borrow† simultaneously. It is considered one of the best instruments to cater to the needs of the poor. It enables poor people to convert their small savings into lump sums. The concept of chit funds originated more than 1000 years ago. Initially it was in the form of an informal association of traders and households within communities, wherein the members contributed some money in return for an accumulated sum at the end of the tenure. Participation in Chit funds was mainly for the purpose of purchasing some property or, in other words, for â€Å"consumption† purposes.However, in recent times, there have been tremendous alterations in the constitution and functioning of Chit funds. While in most places ROSCAs are user-owned and organized informally, in India, chit funds have been formally institutionalized as well. Legally recognized firms provide a variety of chit schemes. A Chit Fund can either be legally regist ered or unregistered. Registered Chit Funds, as the name suggests are being regulated under the various Chit Fund acts. While unregistered Chit Funds are unorganized and mostly run by the close friends, relatives or family members of the investor.Unregistered Chit Funds which exceed 100 ($2) in value are illegal in India, although it is very well known that unregistered Chit Fund industry is very popular in India, mainly in the rural and semi-urban area, where people have very little access to the banking services and where financial illiteracy is more. The regulation of the Chit Fund industry was put in place by the Government of India to address the problem of misuse of informal Chit Funds by unscrupulous promoters and founders running away with the participant’s funds, leaving the members with little recourse to retrieve their money back.Chit funds in India are governed by various state or central laws. Organized chit fund schemes are required to register with the Registra r or Firms, Societies and Chits. Various Chit Fund Acts governing the industry in India are as under: * Union Government – Chit Funds Act 1982 (Except the State of Jammu and Kashmir) * Kerala – Kerala Chitties Act 1975 * Tamil Nadu – Tamil Nadu Chit Funds Act, 1961 * Karnataka: The Chit Funds (Karnataka) Rules, 1983 * Andhra Pradesh – The Andhra Pradesh Chit Funds Act, 1971 * New Delhi- The Chit Funds Act,1982 and Delhi Chit Funds Rules, 2007 * Maharashtra – Maharashtra Chit Fund Act 1975 Uttar Pradesh: Uttar Pradesh Chit Funds Act, 1975 * Goa, Daman & Diu: The Goa, Daman and Diu Chit Funds Act, 1973 * Pudducherry/Pondicherry: The Pondicherry Chit Funds Act, 1966. An overview of chit funds: The economic development of a country depends upon the availability of resources. The main activities that contribute to the growth are production and employment. Production depends upon the inputs of the factors such as finance, raw materials, labor etc. The mo st important here bring finance, which is the chief mobilized of all the factors of production.In a money economy, finance for development initially comes from private savings. These private savings give to the secondary deposits; this is where the financial institutions come into picture. Financial institutions occupy a central place in mobilizing savings from the people and make it available to the trade, commerce and industries either as a capital or loans. The non banking sector comprises of money lenders, indigenous bankers, pawn brokers, nidhis, â€Å"chit funds† etc.The origin of chit funds can be traced way back to the 17th century when the economic wizards of state of Malabar (now known as the state of Kerala) started this activity. Those were the people who actually founded this financial institution. It became so popular and numerous that people started adopting this activity as a profession by the 18th century all over. As the chit industry grew the number of peop le involved in this industry also grew. This gave rise to many misconceptions, frauds, mismanagement etc. , in this industry.To prevent this State Government of Travancore took the first initiative and introduced the first Chit Fund Regulation being the Chit Fund Act 1914. One important regulation introduced by this act was that of a commission payable to the foreman. The Act brought about a ceiling limit on the commission payable to the foreman that is 5% maximum which is still the same even to this date. How chit funds works: Chit funds which are popular from a very long time but still some people don’t know how exactly this chit fund works and invest their money illogically.This can be understood by the following procedure: Let’s say there are 20 people who come together and form a group. Each one will contribute Rs 1,000 per month and this will continue for next 20 months (equal to number of people in the group). In this group there will be one organizer, who will take the pain of fixing the meetings, collecting money from each other and then doing other procedures. So each month all these 20 people will meet on a particular day and deposit Rs 1,000 each. That will make a total of Rs 20,000 every month.Now there will be a bid on who will take this money. Naturally there will be few people who are in need of big amount because of some reason like some big expenses, liquidity crunch, business problem, Beti ki Shaadi etc etc Out of all the people who are in need of money, someone will bid the lowest amount, depending on how desperate he is for this money. The person who bids for the lowest amount wins the bid. Suppose out of total 3 people who bid for 18,000, 17,000 and Rs 16,000, the one who bids the lowest will win.In this case it’s the person who has bid Rs 16,000. There will also be â€Å"organizer charges† which are around 5% (standard) of the total amount, so in this case its 5% of Rs 20,000, which is Rs 1,000. So out of the total 16,000 which this winner was going to get, Rs 1,000 will be deducted and the winner will get only Rs 15,000, Rs 1,000 will be organizer charges and Rs 4,000 is the profit, which will be shared by each and every member (all 20 people), it comes out to be Rs 200 per person, and it will be given back to all 20 members.So here you can see that the main winner took a big loss because of his desperate need of getting the money and others benefitted by it. So each person actually paid just 800, not 1,000 in this case (they got 200 back). Note that when a person takes the money after bidding, he can’t bid from next time, only 19 people will be eligible for bidding. Now next month the same thing happens and suppose the best bid was Rs 18,000 , then winner will get 17,000 (after deducting the organizer fees) and the rest 2,000 will be divided back to people (Rs 100 each) . So each person is paying effectively Rs 900.This way each month all the people contribute the money, someone takes the money by bidding lowest, organizer gets his charges and the rest money is divided back to members. You will realize that the person who takes the money at the end will get all the money except organizer fee, as there is no one else to bid now. So the person will get around Rs 19,000 in the end, if you try to find out the returns which he got out of the whole deal, it will depend on two things, how much lower bids were each month and the fees paid to organizer, if bids and charges are very low, then a person will make more money at the cost of other situations.So this is pretty much how a chit fund works, there are various versions of chit funds and how they work , but the idea was to communicate the basic model and how it works. | Online Chit Funds is also running with pace of E-commerce With the advent of ecommerce in India, Chit funds have also started going online. Online chit funds conduct auctions online and subscribers can pay their monthly dues and receive prize am ount online through online transactions including electronic fund transfers. Each member will have an online account through which they can manage their chit funds. 2012-2013 Highlighted News about chit-fund: . Cunning strict approaches adopted by RBI to protect the investors from delusive acts of chit fund companies. 2. Last year in the month of December, The Reserve Bank of India (RBI) warned all the state governments about the mushrooming of chit funds and also written to them to take appropriate actions against them for duping depositors. 3. RBI Governor Duvvuri Subbarao said, â€Å"The responsibility for checking the chit funds and for prosecuting the violation of law is of the state government. We have written to all the state governments to be vigilant about this and to take appropriate action†. . D Subbarao also called for greater awareness among police and the general public for checking the proliferation of the chit funds in the country. 5. On 6th December 2012, Min ister of State for Corporate Affairs RPN Singh said that 87 companies have come under the scanner for alleged irregularities related to chit fund schemes and money circulation in the garb of multi-level marketing. The Registrar of Companies (RoC) and its Regional Directors have been asked to scrutinize the balance sheets and inspect the books of accounts and other records of these 87 companies. . India's market regulator, Securities and Exchange Board of India (Sebi) had banned companies such as Rose Valley and MPS Greenery Developers from accepting deposits from the public. 7. The former chief minister also pointed it out that small savings through post offices and co-operatives has suffered a lot as many people are depositing their money to these chit funds expecting huge return. 8. In Bhubneshwar, The crime branch told that they are making a short documentary to sensitize people about illegal non-banking financial companies (NBFCs).The film will feature a host of financial manage ment companies like Seashore, Ashore and Saffex, whose irregularities were exposed recently. The Economic offences wing (EOW) of the Crime Branch has registered at least 30 cases against several fraud companies in the past six months for embezzling public deposits after giving them false promise of high return. Senior functionaries (Head) of the companies were arrested and their bank accounts being ceased. 9. EOW also making plan to start a toll free number to protect people from fraudulent activities done by chit fund companies. 10.Government making steps towards the projection of model; rules to check chit fund and MLM (Multi-level Marketing) frauds. The central government will soon make stringent provisions in place, like hefty financial penalty, jail terms, de-listing from the registrar of companies (RoC) roster, among others. Who will stop chit funds In October 2012, a women and her elder daughter were running a chit fund, committed suicide by consuming acid in Puthur in Trichy as they were unable to repay their investors. These women had started a Diwali chit fund in the year 2011 and attracted around 300 investors in the area.They had collected around `9lakh from the investors. As per norms, the chit fund company should have repaid the money with interest or given assured gifts to the investors before Diwali of the year 2012. When the investors pressurize the women, they decided to end their lives and consumed poison. Investors are helpless. This is not the only case there are numerous. Most chit fund investors are the rural poor and or small investors. Neither the victimized investors nor the police bring to book the persons responsible. Only the poor agents remain in place from whom the money cannot be recovered.According to Ministry of Corporate Affairs (MCA), there are 4256 listed or registered chit fund companies which are running their business in the country while India chit-fund association estimates that the country has in total 15000 (register ed and unregistered) companies which manage billions of rupees worth of funds. ShriRam Capital, one of the largest players, operates in four southern states and manages over USD 800 million. Some hope that recent hiccups in India’s once-booming microfinance sector, whose rise was led by microcredit, could bring even more business their way.One can imagine how big the business is all over India. Too many regulators could not stop irregularities in chit funds. Everybody agrees that irregularities need to be stopped because these are causing harm to a lot of small investors. But the question is; who will stop it? In 1978, when the RBI banned chit funds, it came under the ministry of corporate affairs as a collective investment scheme. Another way these companies work is through private placement of the non-convertible debentures or collective investment scheme. In this case, SEBI has the power to regulate it.Sahara and many other big names are in on it. Any debenture or private placement cannot be done by more than 50 people. In contrast, these kinds of companies collect money from thousands of investors. If the number of investors of share and debenture is more than 50, it needs to be registered in the market and the SEBI would control it. RBI wants the state government to take steps: In this context, RBI has a different take. Subbarao, Governor, RBI, has advised the state governments to make their law stronger to save common investors from the chit fund trap.It has written letters to the states to develop a definite action plan to take step against these multi levels marketing player. Subbarao explained that RBI has no power to regulate chit funds. So, it has asked state government to take the initiative to prevent the mushrooming of money market agencies. RBI can train police and other legal bodies about chit funds but cannot instruct the police to do so. It is a state subject to plan and executes the prevention process of chit funds. Corporate Affairs ministry looking into it:Union corporate Affairs Minister Sachin Pilot has said that the central government is looking into the issue of some chit funds and the Ponzi scheme that allegedly dupe small investors by using legal loopholes. It would also encourage state government to take necessary action against these firms. These firms are now misusing the loopholes, pilot added. Furthermore he added, â€Å"Our main objective is to protect small investors from these companies, who are taking their (investors) hard earned money. † As many as 87 companies have come under the scanner for alleged irregularities related to chit fund schemes and money circulations.Minister of State for corporate Affairs R. P. N. Singh has informed the Rajya Sabha that the directions have been issued on the basis of specific complaints received by the ministry against these companies, which are â€Å"alleged to be carrying on activities related to prize chit fund and money circulation in the garb of m ulti-level marketing. Legislative hodgepodge: Singh further said that SFIO (Serious Fraud Investigation Office) has recommended setting up of a specific central regulatory agency for the implementation of the prize chit and money circulation scheme (Banning) act, 1978.The act is administered by the Department of Financial services (DFS) which has constituted an Inter-Ministerial Group consisting of representatives from DFS, Ministry of Corporate Affairs (MCA), RBI, Security and Exchange Board of India (SEBI), Department of Consumer Affairs and Central. Report of Ministry of Corporate Affairs: List of Companies not registered but found doing Chit Business Beware of these Companies. Never join them. M/s. P. V. R. Chits (P) Ltd. , B-50, Flatted Factories, Okhla Phase-III, N. Delhi-20. | M/s. Narmal Chits (P) Ltd. , 1427, Gurudwara Road, Kotla Mubarakpur,N.Delhi-3. | M/s. Sahara Chits (P) Ltd. , WZ/A-49, Krishna Park Extension, N. Delhi-18. | M/s. Twenty Second Century Chit Fund (P) Ltd . , 4205-4206, Sant Nagar, Main Road, Rani Bagh, Delhi-34. | M/s. Skylla Chits (P) Ltd. , D-223/115, Laxmi Chambers, Laxmi Nagar, Delhi-92. | M/s. Hari Vimal Chits (P) Ltd. , Shop No. 8, M. R. Market, Rangpuri, N. Delhi-70. | M/s. Merchant Chits (P) Ltd. , CA-24/2, Tagore Garden, N. Delhi-27. | M/s. Mehar Chits (P) Ltd. , IIIrd Floor, 528, Krishna Gali, Katra Neel, Chandni Chowk, Delhi-6| M/s. Vinamar Chits (P) Ltd. , 170-E, Kamla Nagar, Delhi-7. | M/s.Vinamar Chits (P) Ltd. , 272, Hakikat Nagar, Mall Road, Delhi-9. | M/s. Well King Chits (P) Ltd. , C-47, Acharya Niketan, Mayur Vihar, Phase-I,Delhi-91. | M/s. Aegis Chit Fund (P) Ltd. , E-484, Greater Kailash-II, New Delhi-48. | List of Companies which have been debarred from doing any Chit Fund business in Delhi   NAME| ADDRESS| A. G. CHIT FUND PVT. LTD. |    | ARJIT CHITS PVT. LTD. | | BHAGMAL CHITS PVT. LTD. | | CHOJI PRITAM CHITS PVT. LTD. | | DISHTI CHIT FUND PVT. LTD. | DIRECTOR: Sh. Ajay Pandon| DISHTI CHIT FUND PVT. LTD. | DIRECTOR: Sh. Sudarshan Kapoor| EK-ONKAAR CHIT FUND PVT.LTD. | | EROS FIN. ; CHIT FUND PVT. LTD. | | GIRDHAR CHITS PVT. LTD. | | GOLDEN BENEFIT CHITS PVT. LTD. | | J. KRISHNA CHIT FUND PVT. LTD. | | J. V. CHITS PVT. LTD. | | KADS CHIT FUND PVT. LTD. | | KHAJANA CHITSPVT. LTD. | | LEAN CHITS PVT. LTD. | | MINCO CHITS PVT. LTD. | | NIKETAN CHIT FUND PVT. LTD. | | PARVATI CHIT FUND PVT. LTD. | | PARVEEN CHIT FUND PVT. LTD. | | POMA CHIT FUND PVT. LTD. | | PROSPER CHIT FUND PVT. LTD. | | RITESH CHIT FUND PVT. LTD. | | ROHTGI CHIT FUND PVT. LTD. | | ROYAL CHIT FUND PVT. LTD. | | RUHANI CHIT FUND PVT. LTD. | | S. T. S. CHIT FUND PVT.LTD. | | SAFAL CHIT FUND PVT. LTD. | | SATSANGI CHIT FUND PVT. LTD. | | SIMPLICITY CHIT FUND PVT. LTD. | | SUBHASH NAGAR CHIT FUND PVT. LTD. | | TRI NAGAR CHIT FUND PVT. LTD. | | VEDANTA CHIT FUND PVT. LTD. |    | YOG MAYA CHIT FUND PVT. LTD. |    | PARVARISH LEASING ; FIN. (P) LTD| Shop No. 6, Mafare Garden, New Delhi| M. V. A. CHIT FUND (P) LTD. | Shop No. 10, Krishna Mkt. ,Lajpat Nagar,N. Delhi. | HONOUR CHITS (P) LTD. | 2352, Sevak Bhawan,IIIrd Floor, Shop No. 9,Beadon Pura,Karol Bagh, N. Delhi. | * Source Ministry of corporate AffairsBenefits of Chit funds: Chit Fund is an attractive Investment Option which caters to people from all walks of life. It is specifically beneficial to the Salaried Class, Professionals, Businessmen and Self Employed. The uniqueness of Chit Fund as a method of Financial Planning stems from the fact that, it is both a tool for saving and borrowing. In other words, it serves the dual purpose of being an investment for your savings and in times of need the Subscriber can bid for the Prize Amount in order to meet any unexpected expenditure. The benefits of Investing in Chit Fund are numerous. You can choose how much you want to save per month. Chit funds companies offers chits of various denominations and monthly subscriptions amount ranges from Rs 2500/=(Chit value Rs 1 lakh) to monthly subscription of Rs 1,25,000. * The rate of return is very high compared to other Investment Options and it is also secure form of Investment. * Your Monthly payments will be the Chit Subscription Amount minus the Dividend. The details of the Dividend entitled for Deduction and the Balance Amount payable shall be informed every month, which is mandatory. It inculcates the habit of saving and setting apart a particular amount every month towards investment for a rainy day. * It is good for the Housewife to keep or save their small savings in Chit funds as they will get the money at the time of utmost financial need for household purposes. * It is generally used by housewives, employees of same company, peer groups, friends, and family members or some associations. * If it is used in proper or genuine way then it is makes a worth to invest in chit funds (Organized or unorganized). Drawbacks: Chit-funds do not offer any pre-determined or fixed returns. * Higher returns are earned when there are more nu mber of members in the group or if the duration of the scheme is longer. * One would earn more, when more members need emergency funds. Thus returns cannot be calculated and decided when one joins the scheme. * No security in unregistered chit fund companies. So there are more chances of getting hoax by these fraud companies. * Organizer gets benefited more from your savings. * No guarantee if fixed returns. * In chits interest earnings are lower than Fixed deposits (FD). High degree of risk is associated with chits, so relying on chit funds for saving could be more dangerous. * Chit does not make money; it is just a mechanism for liquidity and emergency funds. * Many chit fund owners are collecting huge volume of money from the common people by making false promises to them. Many poor people of our state are being allured by these chit fund owners and depositing their hard-earned money. But the people are not getting back returns for their investments How to be a Safe investor in C hit Funds:With the plethora of chit fund companies around, the safety of a chit fund lies in choosing the right one. In a registered chit fund company, under legal binding, the activities are regulated and institutionalized by the Chit Fund Act. And hence could be considered safe. However, other unregistered companies operating informally do exist. It has been also seen that depositors are being lured by chit funds companies or firms with higher returns than what banks offer them. These companies are also flourishing in the rural belts where banking penetration is low.One should carefully analyze the pros and cons before making investment in chit funds. Therefore one needs to exercise caution while choosing where he desires to invest. Chit funds definitely are an attractive option for regular saving. It inculcates a disciplined approach to financial planning. It has the added advantage of bringing a combination of savings as well as hassle free borrowing. This dual purpose investmen t tool could be a friend in need at times of unexpected financial emergencies. Thence BE SAFE AND BE SELECTIVE while going for any chit fund schemes.

How To Write A Compare And Contrast Essay - Paperell.com

How To Write A Compare And Contrast Essay How To Write A Compare And Contrast Essay? Being a student of any educational institution, you will encounter a large number of assignments, each with certain specifics and different requirements. There are many forms of academic written assignments. However, without a doubt, the most common one is an essay. Students have to write tons of essays throughout the process of studying and they also have to perform different types of essays including argumentative, expository, analytical, and compare and contrast.In this post, we are going to discuss one of four most common types – a compare and contrast essay, which, despite its short volume and free composition, is quite difficult to complete if you don’t know how to do it right.What Is The Essence Of A Compare And Contrast Essay?When you are going to perform any academic assignment, the primary thing you should know is its definition. Knowing the essence of a compare and contrast essay you will be able to set the right goals and handle this task with ease. Thatâ₠¬â„¢s why the primary thing we will discuss is the definition of this task.What is a compare and contrast essay? It is one of the most common forms of academic writing assignments that can be assigned to students of all levels and faculties. The main idea of the compare and contrast method is to study two or more objects, compare  them showing the similarities, and show the contrast  Ã¢â‚¬â€œ explain how they are different. The goal of this task is to examine a student’s understanding of the subject. Most often, this task is given to university students with different majors to see how well they comprehend the relationship between certain events, methods, problems, etc.How Does A Good Paper Look?Writing a compare and contrast essay  is easy when you understand not only its purpose but also the appropriate structure of the work. As a rule, a compare and contrast essay format is chosen between a point-by-point  or block  types of structure, which are quite different f rom each other. Find two templates below that should help you learn how to write your paper.A template of essay with a point-by-point  structure:Introductory paragraph1stpoint (providing a certain similarity or distinctive feature)Object 1Object 22ndpointObject 1Object 23rdpointObject 1Object 2ConclusionA template of essay with a block  structure:Introductory paragraph1stpoint in object 12ndpoint in object 13rdpoint in object 1Transition1stpoint in object 22ndpoint in object 23rdpoint in object 2ConclusionUse these templates to create your work. Don’t forget to clarify which type of structure your professor requires you to use.How To Start Working On Your Paper?Despite a common belief, the work on an academic paper starts much earlier than you start writing the text itself because it requires some preparation. What do you have to do? To prepare for writing a compare and contrast essay you have to take the following steps:Choose a good topicYou can select a suitable theme from the ones suggested by your professor or you can discover some great compare and contrast essay topics online. Your goal is to find two or more subjects from the same category, which have certain similarities and differences. Keep in mind that this is an important choice. If you make a mistake here you risk failing the task, so consider the following tips:Look for subjects, which have a significant difference;You don’t have to choose subjects that have obvious similarities – it is great if you can find two things that don’t seem to have something in common but you can discover some surprising similar points;It is also a good thing to select the objects that may appear identic but you can find some significant distinctive features in them.Conduct an in-depth researchYour next step is all about learning as much as you can about the two objects you have chosen – find a way to compare and contrast  your subjects in a logical and meaningful manner. Look for evidence and valid facts and always take notes on all important discoveries you make in order not to lose some important pieces of information.Prepare a thesis statementChances are you won’t be able to develop a strong thesis right after you have defined your topic, so you should take some time to analyze the information you obtained in the course of your research and generate some ideas. Highlight the key ideas you’ve discovered. After some brainstorming, focus on your main ideas to shape a clear, logical, and accurate compare and contrast essay thesis for your paper. You can look for a sample thesis to find inspiration. Also, consider the following ideas for your thesis:Highlight the major benefits of one object over another;Define how and why particular objects are similar and different;Encourage your readers to think of a meaningful comparison of the provided objects.Make an outlinePreparing a detailed compare and contrast essay outline should help you understa nd the organizational structure of your paper and will serve as a unique template for it, which also contributes to simpler and faster writing process.How To Create A Great Compare And Contrast Paper?To create a good paper you have to adhere to the given guidelines and requirements, which is why you always have to clarify those with your professor before you start writing and you should also make all pieces of your text look unite and logical. Here is how you should approach this paper:Creating an attention-grabbing introAn intro is the primary thing that catches attention. It has to be concise and straight to the point as you provide the general data on your topic but you also have to make it engaging and make a hook to grab your readers’ attention.Writing the body paragraphsA standard essay contains three or five body paragraphs. It is a good template to use in your work unless your teacher or university have different requirements to this type of assignment. In the body pa ragraphs, you have to provide valid arguments to support your ideas – note that each paragraph should contain one specific idea and focus only on it. What else to keep in mind? In these paragraphs, your goal is not only to provide some pieces of evidence but also to prove how they are connected to your thesis and analyze each idea, making it clear for your readers.Making a conclusionThis part provides a short and clear summary on all ideas, arguments, and pieces of evidence provided in the text, and it also restates the paper’s thesis. The main goal of this section is not to provide some new information or rephrase the ideas you have already provided but to make the paper look complete and draw the readers to a logical conclusion.There are a few more tips to consider. Keep in mind that you should make clear transactions between the parts of your text to make it easy to read and understandable. You can also provide some details on the existing counterarguments. This wil l be a good way to show your understanding of a topic but, if you do this, you should also explain to your readers why the particular counterarguments do not apply to your work or are invalid.

Transaction, Operating Accounting Exposures Essays

Transaction, Operating Accounting Exposures Essays Transaction, Operating Accounting Exposures Essay Transaction, Operating Accounting Exposures Essay Transaction, Operating, Accounting (Translation) Exposures Foreign Exchange Exposure – measures the potential for a firm’s profitability, net cash flow, and market value to alter because of a change in exchange rates. Q: What are the three main foreign exchange exposures? A: 1) Transaction Exposure 2) Operating Exposure 3) Accounting Exposure Transaction Exposure – measures changes in the value of outstanding financial obligations incurred prior to a change in exchange rates. Operating Exposure (Economic Exposure, Competitive Exposure, Strategic Exposure) – measures a change in the present value of a firm resulting from any change in future expected operating cash flows caused by unexpected changes in exchange rates. Accounting Exposure (Translation Exposure) – measures accounting Expect to collect ? 1,000,000 in three months on a sale, minimum acceptable value $1,700,000. Q: What type of transaction exposure has occurred? A: Billing Exposure S0 = $1. 7640/? ES90= $1. 76/? F90= $1. 7540/? iU. K. = 10% per year (2. 5% per quarter) kU. K. = 8% per year (2% per quarter) iU. S. = 8% per year (2% per quarter) kU. S. = 6% per year (1. 5% per quarter) P90ATM = $1. 75 (1. 5% premium) P90OTM = $1. 71 (1% premium) Note: ES90 is the estimated spot rate in three months, â€Å"i† is the borrowing interest rate, and â€Å"k† is the investment interest rate, P90ATM is an at-the-money three-month put option, and P90OTM is an out-of-the-money three month put option. Q: Is the pound expected to appreciate or depreciate? A: Depreciate Q: What is the forward premium/discount on the pound? A: [pic] Q: What are the four alternatives to hedge a transaction exposure? A:1) Remain unhedged 2) Hedge in the forward market 3) Hedge in the money market 4) Hedge in the options market 1) Remain unhedged, collect ? 1,000,000 in three months at the new spot rate. pic] 2) Hedge in the forward market, collect ? 1,000,000 in three months at $1. 7540/?. [pic] 3) Hedge in the money market, borrow ? 975,610 today, and exchange for dollars at the current spot rate ($1. 7640/? ). Invest the $1,720,976 for 90 days, and in 90 days pay back the loan + interest with the ? 1,000,000. Q: To construct a money market h edge, how much should the investor borrow today if the annual interest rate is 10% and the company expects to receive ? 1,000,000 in 90 days? A: [pic] Q: At what investment rate is the money market hedge superior to the forward contract? A: [pic] pic] Note: Either the forward contract or the money market hedge is better than an uncovered position if the spot rate at time 2 is less than the forward rate. But, if the funds can be invested at anything above 7. 68% (or 1. 92% for 90 days) then the money market hedge is a better option than the forward contract. If the spot rate at time 2 is greater than what can be earned by investing the funds in the company (in this case the funds are invested in the company yielding the company’s WACC of 12% or $1,772,605) then the uncovered hedge would be superior. 4) Hedge in the options market. An ats: [pic] Q: Transaction exposure arises from what? A: Sales and expenses that are already contracted for. Operating Exposure Operating Exposure (Economic Exposure, Competitive Exposure, Strategic Exposure) – measures a change in the present value of a firm resulting from any change in future expected operating cash flows caused by unexpected changes in exchange rates. Q: Operating Exposure depends on whether an unexpected change in exchange rates causes unanticipated changes in what? A: Sales volume, sales prices, or operating costs Figure 9. 1 Financial and Operating Cash Flows Between Parent and Subsidiary [pic] Q: What are four proactive ways to manage operating exposure? A: 1) Matching currency cash flows 2) Risk-sharing agreements 3) Back-to-back or parallel loans 4) Currency swaps Note: Planning for operating exposure depends on the interaction of strategies in finance, marketing, purchasing, and production. Accounting (Translation) Exposure Accounting Exposure (Translation Exposure) – measures accounting-derived changes in owner’s equity as a result of translating foreign currency financial statements into a single reporting currency. Q: What are the financial goals of the multinational enterprise? A:1) To maximize consolidated after-tax income ) To minimize the firm’s effective global tax burden 3) To correct the positioning of the firm’s income, cash flows, and available funds. Note: These goals are frequently seen as inconsistent. Functional currency – the dominate currency used by the foreign subsidiary in its day-to-day operations. Q: What are the two basic methods for the translation of foreign subsidiary f inancial statements? A: 1) The current rate method 2) The temporal method Current rate method – a method of translating the financial statements of foreign affiliates into the parent’s reporting currency. All assets and liabilities are translated at the current exchange rate. Temporal method – assumes that a number of individual line item assets such as inventory and net plant and equipment are restated regularly to reflect market value. Q: Which method is the most common worldwide? A: The current rate method Q: What are the advantages of the current rate method? A: 1) The variability of reported earnings due to translation gains or losses is eliminated, because the gain or loss on translation goes directly to a reserve account (rather than passing through the income statement). ) Does not distort balance sheet ratios such as the current ratio or debt-to-equity ratio (because the relative proportions of the individual balance sheet accounts remain the same. Q: What is the disadvantage of the current rate method? A: 1) It violates the accounting principle of carrying balance sheet accounts at historical costs. Q: What is the advantage of the temporal method? A: 1) Foreign nonmon etary assets are carried at their original cost in the parent’s consolidated statement. Homework Problems Chapter 8 1. Imagine one of the companies from your final project is expecting an $80million payment in one year. The company also expects $20million in expenses in one year. Use real figures or the following: Current spot rate 3. 4x/$ (trend shows 3. 8x/$ two months ago) Interest rates are 14% in your country and 4% in the U. S. Forward contracts are too expensive Based on the current spot rate and relative interest rates, please advise your company on its currency exposure. Chapter 9 2. Imagine one of your companies will soon be exporting to China. Use the following (replace the $ equivalent with your currency at the current spot price): Current sales of 1,000,000 units per year at a price equivalent to $24 each. Current spot price Rmb8. 2/$, but the H. K. advisory will drop the value next week to Rmb10/$. Direct costs are 75% of the U. S. dollar sales price. Accepting this forecast, advise the company on two options: 1) Maintain the same renminbi price (i. e. no change in price) 2) Raise the price to offset the devaluation and experience a 10% drop in unit volume. A) What would be the short-run (one year) impact of each strategy? B) Which do you recommend? Optional Assignment: (0. 5 participation points) Prepare a write-up on the country you are doing for your final project. (Include GDP, inflation, major exports/imports, major stock exchange, currency, exchange rate, and anything else you find interesting and relevant) use sources like countryreports. org, cia. gov, etc. And remember to compare your country to something (i. e. the U. S. or another country in the region) Try to make everything you turn in look professional, imagine youre getting paid for your work. Please cite your sources throughout the report, and if you could e-mail it to me before next Monday, thats even better. Final Project These are two great sites to look at for your final project: globaledge. msu. edu www. world-exchanges. org [1] An at-the-money put, means that the strike price is equal to the current spot price†¦ Meaning an investor is indifferent between exercising the option or going to the market. In this case the forward rate is $1. 7540/? , and the option is $1. 75/? plus 1. 5% premium.

Esaay Assignment Example | Topics and Well Written Essays - 1000 words

Esaay - Assignment Example The move is strengthening because it ensures that members of the Kaspa community are accepted back as fellow human beings. Another vital idea involves catering for surviving families through the provision of long-term benefits such as establishing pension schemes. Alternatively, concentrating on the patience of the staff is largely fundamental because it determines how both the city and firm are run. It suggests that Kaspa’s connectivity must find a relationship with suggested recommendations of improving the surrounding environs. The private sector, therefore, has an integral role in introducing emergency preparedness to permit its participants to galvanize collective thinking of strengthening individual component. Consequently, balancing the needs of the community must abide by the equilibrium of available financial services. These services are critical when evaluating the talents and capabilities of the executives working with Smarten within the Kapsa community. Overall, wh ile focusing on the strengths of assisting the Kapsa community overcomes its challenges, the leader should also assess the weaknesses of his decisions. However, there are also weaknesses that abound from the decisions made by Gerald Smarten in regards to the interests of Kapsa community. For instance, low-probability in creating solutions is critical when interspersed with three components. These are personal coping strategies, institutional and social services particularly those emerging from coworkers and neighbors. Contrastingly, inclusion of emotional thoughts by Smarten is crucial but it cannot initiate civic responsibility. Therefore, equilibrium setting is what influences the competitive dynamics directly affecting cities and firms found within the Kapsa community. Likewise, for fixed-income traders, Smarten believes that their ethical behavior and involvement is vital to generate morale by averting short-term negatives. Organizational procedures, thus,

Structure and Functions of the United Nations Organization Research Paper - 1

Structure and Functions of the United Nations Organization - Research Paper Example It also has an Economic and Social Council which has 54 members and an international court of justice consisting of fifteen judges. It has a Trusteeship council and a secretariat which are discussed subsequently. The United Nations through its five bodies is helping to maintain international politics in such a way that the whole world remains in peace and harmony. It is basically acting as a judge of politics so that countries do not fight or the populations of the countries do not suffer either financially or physically because of any threat. In order to develop a norm for all the countries, international laws are laid down by the United Nations which have to be followed by all the member countries. These international laws are regulated by treaties between the UN and the countries. These treaties are broad as they consider many aspects of the society such as human rights, refugees and border restrictions (United Nations 2010) Rwanda Genocide is cited to be one of the failures by the United Nations organization which shows that the UN has not been very successful in achieving its objectives. On the contrary, many other successful scenarios of UN can also be analyzed all over the world which shows that they have regulated international politics in such a way that many wars have been avoided. An example of Indo Pak can be cited here which was stopped with the help of UN intervention. It can clearly be seen that the UN Security Council after the genocide got more particular about warnings. It sought out its policies in such a way that future incidents occurring all over the world could be avoided. The policies which were taken by UN regarding the war on Afghanistan can be cited here which have served to be purposeful in decreasing the terrorism rate in the world. The UN Security Council urged all its member countries to follow the rules as laid down by Resolution 1267.