Essays on Financial Goals

INVESTING IN THE FUTURE

Question 1: Discuss the role of investing in personal financial planning. It has been gathered from the case that Sam Johnson is a hard working guy and he has defined some financial goals for himself. He is about forty years of age, enjoys a great job and ensures that he pays his bill on time. He plans to retire at the age of sixty and he wishes to have enough savings so that he could send his young kids to college when they grow up. In order to ensure that he has ample amount in his savings before retirement, ...

A personal budget can be described as an estimate of the anticipated costs, resources and revenues of an individual over a specified period. When used properly, it can be used to estimate the future financial needs and sufficiently cater for the current financial obligations of an individual. A personal budget is a critical contributor to a reasonable financial stability of an individual. When personal budgeting is taken into consideration, it helps an individual to escape any personal financial crisis by ensuring that they spend their income on essential expenses. When prepared objectively, an own budget shows the truth about ...

Personal Financial Planning

Personal Financial Planning

Develop a workable operational budget Make payment to credit cards Formulate a savings plan Long Term Financial Goals for John and Beth Formulate and implement an investment plan Make payments to an investment plan Complete loan repayment Time Frame for Accomplishing Long-term and Short-term Goals Many economists believe that the time frame for accomplishing long-term and short-term goals should be between one and two years (Kaplan & Atkinson, 2015). In the case of John and Beth, the adequate amount of time that shall be required to formulate a workable financial operational budget shall be 2 weeks, while ...

Introduction

Leadership is a process whereby one person directs members of a group towards the attainment of a common goal. Like all phenomenon, leadership is susceptible to changes over time as variables in society changes. The evolution of leadership has changed from autocratic models to democratic systems whereby the concern for people is a very important aspect of attaining group goals and objectives. Health Science Education is now complicated and designed to cover a wide array of issues and matters in the 21st Century. This includes amongst other things, cross-specialization, interaction of people from different professional backgrounds, a high rate ...

PERSONAL FINANCE INVESTMENT IN QATAR: INVESTING QR 1000000

Abstract This article describes a personal finance project which entails the investment of QR 1000000 in a short time frame, from 1 March to 27 May 2016. We first define personal finance and establish the five steps of a personal financial planning process, which entails: (1) assessment of the individual’s financial situation; (2) determination of the individual’s financial goals; (3) creation and details of the financial plan, based upon the determined goals; (4) execution of the aforementioned plan; (5) monitoring and reassessment of the plan. For each one of the five stages, we carry out the required ...

INTRODUCTION

Financial ratio analysis is one of the key techniques for evaluating a company’s financial position. Financial ratios help getting additional information about financial performance of a company that might not be obvious from its financial statements (Erhardt and Brigham 89). They enable the management to evaluate the operating performance of the company in dynamics. Besides, the managers may track their financial goals achievement with the help of this type of analysis as ratios are widely used in planning and setting future performance goals (1). Moreover, the ratios are used to compare performance of companies within one industry, including ...

Goal setting will have benefits for Nike. It is a very important managerial role for this incorporation. One of the benefits of setting the objectives is that it will improve the profitability of Nike. According to the Chief Financial Officer, the incorporation is looking forward to achieving a high single digit growth in revenue. The growth in EPS is expected to be in the range of 15% to 17%. In addition, the incorporation aims at having a 25% return on investments. The incorporation has divided its goals in terms of quarters in a financial year. The goals in this case are maintaining the ...

The Perils of Bad Strategy

Thesis This paper is a critique of article in the McKinsley Quarterly on The Perils of Bad Strategy. This article is a synopsis of the book ‘Good Strategy / Bad Strategy: The Difference and Why It Matters’ by Richard Rumelt from the UCLA Anderson School of Management. The first section of this paper will discuss the main argument and evaluation of this article. The next section of this paper will summarize the key points discussed in the article. The final section is the critique of the article, discussing the strengths and weaknesses of the discussion in the article and notable ...

The Financial Planning Process

The Financial Planning Process The financial plan to improve the financing problem must be made according to the inflows and the outflows of the cash. Financial problems, either commercial or personal, can be managed or resolved by implementing a financial plan correctly. In the given scenario, Jan and Bill Smith are facing financial problems such as mortgage and credit card payments. The financial plan for this family must cover at least five to six months, so that Jane and Bill don’t face tough financial circumstances. ("Manage money by,") The current financial position of Jane and Bill is ...

Financial management in health care organizations

Introduction Health care organizations are those organizations that do operate in a non-profit making basis. These kinds of organizations are service providers that are slightly different from the manufacturing businesses; they mainly offer health care services to their clients (Murray, 2010). Even though they are non-profit making institutions, they still have sources of revenue and areas of spending. The first view is the financial perspective. Manager of the health care organizations is receiving finances from various areas, from the service delivered, from the sale of drugs, from the ward beds, laboratory checkups and many other activities. The managers also ...

Risk profile

As the world keeps changing, the needs of people also change. This means that the way investments are done in the new world should also change so as to meet the global portfolio. The risk analysis determines the global portfolio that most of the investors are putting along during their investment (Tung, 2014 p.102). Asset allocation such as mix of bonds, money market account, and real estates are some of the example of how investments are done in the new world. Before making any investment, it will be crucial if one conducts the personal risk analysis and then compare ...

EXECUTIVE SUMMARY

Allergan also referred as AGN has been a successful organization since the inception. Company was established in 1948 and had a wide history of success. Company has been trying to stabilize in the current scenario. David E.I. Pyott, who is the CEO of the company, is trying to build the company strong enough to resist takeover or merger by Valeant Pharmaceutical. Company has adopted innovation strategy to operate in the current competitive environment. It has company structure and culture that encourages innovation in each and every employee of the organization. David E.I. Pyott believes in returns from intensive research and development which ...

Introduction

KPMG LLC, US is one of the leading and largest professional firms that deal with tax, audit and advisory services. It is one of the biggest auditing firms alongside Ernst & Young, Deloitte Touche Tohmatsu and PricewaterhouseCoopers. The establishment has its presence in more than 148 countries and has approximately 113,000 employees. KPMG has a strategic marketing plan that involves a partnership with other companies. The paper will, therefore, delve deeper into KPMG’s global marketing plan, metrics, and financial goals to enhance a better understanding of how it functions as an international business.

Global marketing plan

KPMG has partnered with E2open to offer cloud-based ...

Importing and Exporting Operations

Introduction Chilean Trade Company is a startup company operating in the import/export business. The company’s main business specialization is Lithium products trade operation between Chile and US as both of these countries provide high-technology products. The impacts of such trade of operations must be clearly understood. Different methods are considered along with the business set up, organization, and location to come to such a conclusion. The strategic approaches are elaborated and further described so that the document can act in guiding investors, public consumers and the government.

Chilean Trade Company (CTC) is a start-up company located in Hamburg with a ...

Part I: Study Questions

Budget is an estimate comprising of both income and expenditures usually define for a period. It outlines financial goals and forces someone to consider what is important. A budget controls income and expenditure; in addition to that, it evaluates the process on how to achieve the financial goals. Budgets are useful to an individual, family, and group of people, business, multinational corporations, government and the country as a whole. Budgets are crucial to beginning control of personal finances; it is the only to monitor expenses (Jones 618). Majority of adults have a budget and keep in check of their expenses. Budget ...

In order for her to make the right financial decision, she needs to understand what it means to invest in shares from ABC supermarket, or save her money in a bank. Deciding whether to save or invest lies with the financial goals that you have. This is also determined by the financial position that the client is in (McAllister, Dowrick & Hassan, 2003). If your financial goals are more immediate e.g. going for a holiday, buying a car or even setting a deposit for a new house, it would be better to opt for a high interest savings account, which is easily accessed. On the other ...

Personal financial planning is a process of setting financial goals based on your current financial situation and prospect, most importantly future prospects. It is a matter of asking yourself these questions, financially, where do I want to be, when do I want to be there, and how will I get there based on where I am now. Because this is a process certain parameters must be looked into keenly and carefully before one thinks of coming up with a financial plan (Charupat, Huang and Milevsky, 2012). One, your personal financial plan should be based on the financial resources that one currently has at ...

Part C

Question 1 Summary of financial position/net worth Summary of financial position/net worth *Home Contents

Question 2 - Part A

*1.5% of taxable income **Interest is subject to 10% tax rate in Australia According do Australian tax legislation Australian residents are subject to individual income tax. As Tony’s annual salary is $115,000, he is due to pay $17,547 plus 37c for each $1 over $80,000 for the group of tax payers having income between $80,001 and $180,000. By analogy, tax duties can be calculated for Clare. She receives annual payments of $80,000, thus ...

Introduction

The Multinational Enterprise (MNE) that I have selected is the American sports apparel juggernaught, Nike (Nike Inc.). In May 2010, Nike, Inc. Unveiled its growth strategies and initiatives for achieiving sustainable, long-term growth, with a revenue target of US$ 27 billion by the end of 2015. This is the consolidated target of Nike’s business lines that include the Nike brand, Cole Haan, the Jordan brand, Nike Golf, Umbro, Converse and Hurley. From this revenue target, the company believes it can achieve a US$ 12 billion cumulative free cash flow from operations until 2015. Nike is the world principal maker of ...

Personal Finance

Personal Financial Plan Introduction A person’s financial success is determined by his ability to allocate and utilize his own financial resources. Planning is an integral part of every person’s future aspirations for a better life even retirement. However, financial planning is not as simple as outlining the current personal assets versus liabilities because similar to business financial planning it also considers both external and external environmental attributions. Internal factors vary from risk tolerance, projected financial situation, discipline, goals, spending, saving and investment patterns and consumption. On the other hand, external factors include social, legal, political, taxation ...

A: List and explain three research findings related to the Basic Facts on Childbearing

Pattern, Trends and Differentials. Marriage: Married women as compared to single women or those in a romantic relationship have higher chances of becoming pregnant. Education and socioeconomic background: Among White women, education to a large extent diminishes the odds in childbearing. Unplanned pregnancies: To a large extent, unplanned pregnancies are seen to be dominant among the unmarried women while the odds are in the married women.

B: List and explain three reasons for increased attention to delayed childbearing:

Infertility and subfecudity in women are seen to cause delays in childbearing. Causing delays in child bearing.

Economic factor: Most couples prefer to first wait and stabilize economically before starting a family

Shifts in nonmarital births: Birth timings among young girls have largely been seen to shift from ...

- Financial planning tools can help improve financial situation in various ways. It guides one in minimizing expenses and instead, encourages savings. The tools can help one to engage in activities that can generate additional earning to individuals apart from the major activity that gives earning to an individual. By reducing expenses and increasing savings, then the financial situation of an individual improves. 2. The financial goals of a senior in college should be to reduce unnecessary expenses, increase savings, and find alternative sources of income. Such an individual should engage in part time jobs that can earn income ...

Executive summary

This business report is an analysis of Marks and Spencer retailer, found in Britain. The report focuses on the background of the company, its vision, mission, values and corporate objectives. Further, it highlights the stages involved in the planning process, which entails corporate objectives, marketing audit, SWOT analysis, marketing objectives, and marketing strategies, marketing programs, budgets and control evaluation. Additionally, the report conducts a PESTLE analysis of the company, where it focuses on the different factors that affect the performance of the company. These factors include the political, economical, social, technological, environmental and legal factors. Notably, the report also conducts ...

Abstract

The question which defines this extended essay “How will Nike´s growth strategies be successful in improving their financial performance by 2015?” In May 2010, Nike, Inc. Unveiled its growth strategies and initiatives for achieiving sustainable, long-term growth, with a revenue target of US$ 27 billion by the end of 2015. This is the consolidated target of Nike’s business lines that include the Nike brand, Cole Haan, the Jordan brand, Nike Golf, Umbro, Converse and Hurley. From this revenue target, the company believes it can achieve a US$ 12 billion cumulative free cash flow from operations until 2015.

Mark ...

The balanced scorecard management tool was very beneficial to Saatchi & Saatchi upon implementation. Saatchi & Saatchi Company used a balanced scorecard to implement a strategy that was designed to rescue it from a condition of abysmal performance that engulfed it in the early 90s. After close to two decades of phenomenal growth since its formation, the company came to a serious crisis that Greenhalgh (2004) noted almost left it bankrupt in the mid-1990s. The adoption and implementation of a balanced scorecard technique was what this company needed to regain and increase its position at the top of the advertising industry. Specifically, the focus was on ...

Introduction

The first objective to improve funding for Middle-Tennessee Golden Gloves Charities organization in La Vergne, Tennessee and stabilize the current boxing program by getting more donor financial support from the boxing and business communities supported hypothesis 1.1 and 1.2 by garnering 25% of its support from USA Boxing’s Development program and 25% of its funds from community business support. The second objective to increase volunteer and parent participation, financial support and trust within one year of implementing the program, supported hypothesis 2.1 and 2.2 by increasing “grassroots,” volunteer, donor, and parental participation and financial support by 25%.. ...

Organizational theories date back to the era when human beings first stated engaging in commercial activities. Despite this fact, these theories are still relevant in the present day economic environment though modern day theorists are working on either advancing them or formulating new ones. These theories are specifically directed at the organizational management because they are decision-making tools. However, it must be mentioned that neither of these theories is conclusive when applied singularly because each of the theories have weaknesses. This thesis shall briefly look at the classical, neoclassical, human resource, organizational cultural reforms and organizational environment theories. The ...

Financial planning encompasses processes and various steps leading to the proper management of available income and expenditure. Managing personal and family finances demands thorough estimation of the incoming revenue and outgoing expenses on a daily basis.

Personal financial plan on the other hand is a plan that specifies one’s financial goals and describes the spending, financing, and investing plans that are intended to achieve those goals. A well defined personal or family financial calls for budgeting and tax planning, managing liquidity, financing one’s large purchases, protecting one’s assets and income (insurance), investing money, as well as planning his/her ...