You don’t need any special skills or training to sell stock you’ve inherited. But don’t expect to receive your inherited stock right away. The assets must first be transferred to a special “estate” account while the executor of the estate takes care of all required administrative tasks. This might include paying off debts owed by [...]
How to Write a Mini Financial Statement
A minifinancial statement is a simple statement of assets, liabilities, net worth and cash flow. It is important to collect as much information for as far back as you need the statement to go. Consider all information that reflects all costs, proof of earnings and outside revenue. Develop an income statement and a balance sheet [...]
Interesting Economics Questions
Finding the right questions to ask an economics class may seem difficult because of how broad economics is. However, you can develop interesting questions from the history, the current state, or the future of economics. Why does the price of gas fluctuate so frequently? This is the question that so many students ask themselves every [...]
Motorcycle Industry Trends
The motorcycle industry has seen several notable trends emerge in recent years. Since 2003 the number of households that own motorcycles, the number of women who ride motorcycles and the number of younger motorcycle riders on the road have all increased, according to the Motorcycle Industry Council. As motorcycles become an increasingly common sight on [...]
How to Spend an Economic Stimulus Check in an Economic Recession
Extra money is nice. Deciding what to spend an economic stimulus check on in an economic recession should require some planning. What you spend your economic stimulus check on may depend on how financial secure you are. During economic recession it may be hard to find a job if you become unemployed. Using all your [...]
If you are are going to get hired in your chosen career field, you will have to demonstrate that you know how to contribute to the financial effectiveness of the business that you want to be hired by. Understanding how to contribute to the financial effectiveness of the business that hires you is also how you keep your position, advance and become promoted so you can earn even better money. You must understand that you are a resource to the business. You come to the business at a cost (your financial compensation), and you must justify that cost to stay with the business and to get promoted.
What You Need to Do
Know your skills, aptitudes and passions. You cannot excel at a professional position you hate or find boring, or one that you just don’t understand. You may be surprised to discover, however, that hiring managers are more impressed with demonstrable capability than experience–if you can present your capability in the right way to them.
Create a great cover letter to accompany the resume you submit to any prospective business. There are online resources you can consult or purchase to help you write the highly effective cover letter you need in order to give yourself the edge up on the competitors. Although you do need a resume, many hiring experts agree it is your cover letter that sells you and gets you the interview as opposed to someone else with similar qualifications.
Understand and play your role once you are hired. What “hats” do you “wear”? Why did this business want you? Don’t hold yourself back, but at the same time work within your limitations. Knowing and accepting your professional limitations within the business you now work for is what gives you focus and concentration, allowing you to maximize your contribution to the business’ financial effectiveness. Don’t try to be all things to all people. Businesses usually need specialists in particular areas.
Read articles and books online and in print that help you develop greater knowledge and understanding of your professional role. Listen to audio books and watch videos as well. The greater your knowledge, the fewer your mistakes and the more rapidly you can advance to greater responsibility within the business. Also ask questions of those with more experience than you.
Take initiatives. Stay within your role, but express your thoughts to those above you in a professional, forthright manner. What could be changed to make the company better, from your perspective? What ideas have you got for making your role more effective in helping the business make money? Taking initiative is what gets you the most rapid promotions and advancements.
You want to adopt a baby but you are not sure how you can afford an adoption. Have you considered possible ways to finance your baby adoption? Easy monthly payments can make your adoption dreams come true. There are several financing options, as well as fundraising methods you can use to pay for your infant adoption.
Take out a home equity line to pay for your adoption in advance before you find your birthmother. This will help you know your adoption spending limit. You will have the funds available so that if an immediate situation arises you will not have to pass up your chance at a baby right now. In addition, home equity lines are income tax-deductible, and have low interest rates around prime if you have good or excellent credit. You can always refinance your mortgage later if you find that making two payments is too much.
Check with your adoption agency about banks that offer adoption specific loans. There are banks that offer special rates for adoption. Some agencies have sliding fees based on your income, some even offer payment plans.
Do some fundraising for your adoption. The latest in fundraisers involves having a jewelry appraiser over along with friends who want to sell old gold. Friends get their money and you receive a commission. See the link below for more information. Ask local churches and stores if you can have a car wash in their parking lot to raise funds for your adoption. Have a garage sale. Apply for adoption grants, goggle adoption grants, to find out what is available. Send out letters to friends and family to see if any want to contribute to your infant adoption.
Take out a short-term personal loan and pay it off with your adoption tax credit. This really depends on your income tax bracket. For those of us in the lower tax bracket there isn’t a whole lot of benefit in the tax credit. Although, you can carry it forward for 5 years eliminating your income taxes or increasing your refund.
Industrial sewing machines are the workhorses of the commercial sewing industry. They are designed to be sturdy and easy to maintain. Most industrial sewing machines last for decades. Although industrial sewing machines come in numerous styles and configurations, they all have the same basic components, and troubleshooting them follows the same guidelines.
Most problems with industrial sewing machines have to do with the stitching quality. Before beginning troubleshooting, oil the machine where required. The first area to troubleshoot is threading the machine. Make sure the machine is threaded correctly through all components, including the tension guide, the arm and the needle. Make sure the bobbin has thread.
Check to see if the needle is facing the correct direction; the rule of thumb is that the bottom scoop in the needle should face the bobbin, and the vertical groove on the other side of the needle should face away from the bobbin. The thread enters the needle from the vertical groove side and exits on the bottom scoop side.
Sew a 6-inch line. If the top thread does not catch the bottom thread, and the machine does not make stitches at all, it most likely is either a timing problem or the needle is backward. If the machine sews some stitches but skips others, that is wrong timing, the machine is threaded incorrectly, the tension is incorrect, or the wrong size thread is being used.
If the upper thread breaks, the upper thread tension is too tight, there is a knot in the thread, the machine is threaded incorrectly, or the needle is bent. If the bobbin thread breaks, check to see that the bobbin is inserted correctly.
Other causes are that the bobbin has been wound incorrectly, the bobbin tension is too tight, there is lint or other obstructions caught in the bobbin’s tension guide, or the needle is bent. Thread breaks, both top and bobbin, also can be caused by a timing issue.
Stitches that loop on the top or bottom of the fabric often are caused by incorrect tension, an incorrectly wound bobbin, a loose pressure foot, a burred needle point, or the bobbin thread coming out of its tension guide. Make sure the tab of the bobbin case is held securely under the bottom plate. If the tab can be seen, loosen the bottom plate, rotate the bobbin case until the tab is in position, then screw the bottom plate back down.
Check to see if the needle is fully inserted and that the needle clamp screw is tight. Other causes are a bent needle, machine out of time, a loose pressure foot, or the plate under the pressure foot has become loose.
Most industrial sewing machine problems are easily repaired. Make sure there is power to the motor and that the drive belt is not frayed, broken or out of its groove. Follow the path of the thread from the spool through all the guides. Hand-turn the wheel and watch what the interaction is between the thread, needle and bobbin-case hook.
A contract for deed is a private contract to finance the purchase of real estate (typically investment properties such as commercial real estate or apartments). Contracts for deed are a form of seller financing and typically charge a relatively high rate of interest. Under a contract for deed, the seller retains the legal ownership of the property while the buyer is granted the usage of the property.
Not all sellers of real estate are prepared to offer contracts for deed. The first part of the purchase process needs to be locating a suitable investment that offers seller financing. Many sellers do not want to take on the additional risk associated with offering seller financing so it is important to negotiate it’s availability up front.
Contracts for deed will typically allow buyers to purchase property with 90- to 95-percent loan-to-value (LTV) ratios. This means the purchaser will still need to come to the closing with 5 to 10 percent cash down payment. Buyers negotiating a contract for deed will need to be prepared to make a cash down payment against the contract and understand that if they default on the contract the seller retains the legal rights to the property and to the down payment funds.
Contracts for deed are typically written as short term contracts and will typically require a balloon payment at the end of three to five years. In order to avoid this balloon payment the purchaser should plan on securing a traditional mortgage quickly. Once the buyer has the appropriate amount of equity in the property (70 to 80 percent) they can then apply for traditional financing from a bank or commercial lending institution. Securing a traditional mortgage against the property will provide the buyer with the funds necessary to pay off the contract for deed and thus alleviate the need to make the balloon payment at the end of the contract.
In order to best understand the concept of a cost function in economics, it is easiest to break down the various forms: both short-run and long-run, as well as variable and total cost.
Short-Run Average Variable Cost Function
This cost function relates the average variable cost, which may be defined as the average cost per unit of production, to the units of output in the short run. The short run is defined as the period of time during which at least one factor of production is fixed, such as labor or physical capital. A manufacturer wants to maintain an average variable cost lower than the market price of the manufactured item.
Short-Run & Long-RunTotal Cost Function
The short-run and long-run total cost functions relate the cost per unit of output against the quantity of goods produced. The long run is defined as the period of time in which no factor units of production are fixed, while the short run involves at least one unit of production as fixed. The difference between the long-run and short-run functions is that the long run allows for a variety of capital to labor combinations, while the the short run generally allows a very limited number of combinations.
Calculation of cost functions vary, although most tend to multilply the total fixed units of production or costs and add them to the variable factors of production.
Many economic factors affect retail sales which can have a positive or negative impact on businesses. The state of the economy decides the type of impact economic factors have on retail companies. The economy consistently faces factors that can change its growth and decline, thus affecting everyone.
Technology plays an increasingly important part in the retail industry. Many consumers and some businesses shop online. Shops that have yet to jump on this trend face lower sales, creating financial problems. Large retail stores understand the positives of online availability. Not only does it provide convenience to customers who have busy lives, but it can eliminate in-store marketing campaigns. A lot of retail outlets carry discount coupons or promotional codes on certain merchandise, making their sales soar.
Population Growth and Tourism
As the population increases it will determine the amount of retail sales. This depends on which demographic is larger–newborns or baby boomers. Currently, baby boomers are not in a position to spend, since they are reaching the age of retirement. In addition, the number of dependent people–those under the age of 14 and over the age of 65–ranks quite high. The people in the middle years, who are taking care of the dependents, have less disposable income causing a negative impact on retail sales. However, certain communities create opportunities for economic boosts. Concerts, festivals or large sporting events serve as tourist attractions. This brings extra money into the area and increases purchasing in the retail sector. The money earned by businesses during these events helps them survive during their down time.
Advertising and marketing strategies play a vital role in the retail sector. Campaigns work to promote sales or new items in the store. During these economic hardships, companies can’t always afford to pay for a marketing department. Smaller retail corporations suffer most, as they simply try to keep their head above water even when their sales rise.
Operating costs are the monthly expenses incurred when operating a business. It is important that the business owner account for all of the operating costs so he will know how much revenue must be generated for the business to break even. Ideally, the revenue generated by the business will exceed the operating costs, creating a profit. When starting a small business, it is important that the owner also include any one-time operating costs, such as business registration and licensing fees, into the overall operating costs.
Calculating Operating Costs
Make a list of all the operating costs for the business. This can be done in a simple Excel chart or with accounting software packages such as Quickbooks or Peachtree. Most businesses have monthly operating costs that include rent, utilities, salaries, loan payments, equipment, office supplies, maintenance, fixtures, inventory, licenses, taxes, marketing expenditures and professional services.
Estimate how much each expense will cost the business every month. It is always better to overestimate an expense than to underestimate it; underestimates create debt. Some expenses, such as rent, are easy to calculate because they are fixed costs. For an expense that may fluctuate, such as an electric bill, the business owner can call the utility provider and ask for an estimate.
Add the list of estimated operating costs to reach a monthly estimate for running the business. At the end of the month, the actual operating costs can be compared with the estimate to see how accurate the projections were.
Starting a greenhouse is like starting a factory–one in which the product is terminal at every stage of the process. The greenhouse owner makes a 24/7 commitment to care and management of product and personnel. You need experience in business management as well as horticulture to run a successful greenhouse business.
Decide which crops you plan grow. Base your stock on what sells, not just what you like. Check your local sellers and verify what they are selling, and what they aren’t selling. Analyze your competition and look for their weaknesses. Choose between bedding plants, flowering potted plants, potted foliage plants and cut flowers. Odds are you may choose to deal in several types of stock, not just one. Be sure you have the room to move between different types of stock.
Choose your site. Things to consider when selecting a site are zoning restrictions, proximity to utilities, unlimited water supply, strong customer and worker base, roadways and topography. Choose the site that requires the least amount of altering, has not more than a 5% slope and has a natural windbreak but is still clear of summer and winter shadows.
Select your greenhouse design. This includes the structure and type of covering, as well as climate control systems, flooring, benches and germination areas/heat systems.
Design your site plan. You need to create a site that is conducive to maximum production. Things to consider are deliveries, loading and unloading areas, work and storage space, customer access and sales. Keep in mind that you may need to expand in all of these areas as your greenhouse business grows.
Greenhouse gases are released into the atmosphere that have the capability of capturing heat and potentially create global warming. There are many greenhouse gases that are tracked and reported through the Environmental Protection Agency, or EPA. Many different industries are responsible for each greenhouse gas the EPA tracks and reports.
The greenhouse gas released in the greatest amount is carbon dioxide. Most carbon dioxide that is released into the atmosphere is related to burning of fossil fuels, such as oil, coal and natural gas. The largest producer of carbon dioxide emissions are power plants that produce electricity. Power plants burn large amounts of coal and must produce power 24 hours a day. Other industries that produce large amounts of carbon dioxide are the transportation industry through the burning of diesel fuel and jet fuel along with iron and steel producers.
Methane is 20 times more effective at trapping heat, according to the EPA. The largest producer of methane are natural gas systems through heating of homes and other uses. Farming and farming-related activities makes it the largest industry-producing methane gas. Enteric fermentation, also known as the digestive process in animals, is the second largest producer of methane gas. Manure maintenance is the fifth largest producer of methane. Other large producers of methane gas include landfills, coal mining and waste water treatment facilities.
Nitrous oxides are 300 times more efficient at capturing heat than carbon dioxide. The levels of nitrous oxides released into the atmosphere are much lower than carbon dioxide emissions, according to the EPA. The agricultural industry is the largest producer of nitrous oxides through soil management processes, such as the use of fertilizers. Manure management is the third largest producer of nitrous oxides. Other industries producing the largest amounts of nitrous oxides include nitric acid production and adipic acid production.
Hydroflourocarbons, HFCs, do not deplete a stratospheric ozone, however, it is considered a greenhouse gas by the EPA because of its ability to capture heat in the atmosphere. The largest source of HFCs are through the production of HCFC-22, or hydrochlorofluorocarbons, which are used in refrigeration and a wide variety of manufacturing processes. The manufacturing of semiconductors are also a producer of HFCs, which are released into the atmosphere.
Perflourocarbons, or PFCs, are also a greenhouse gas the EPA is required to report on through the United Nations Framework Convention on Climate Change, UNFCCC. The main producers of PFCs are aluminum producers and also the semiconductor industry. PFC is the least emitted greenhouse gas tracked by the EPA with only 20.8 million metric tons released in 2009.
Sulfer hexaflouride is another gas that does not deplete the stratospheric ozone but does have a high heat capturing capability. The main source for sulfur hexaflouride emissions is through electrical transmission and distribution. Other industries that have emit sulfur hexafluoride include the magnesium production and processing along with the manufacturing of semiconductors.
Making money day trading on the stock market is not for everyone, and it definitely is not something to just jump into. Day traders quickly buy and sell stocks, hoping to capitalize on daily, hourly or even down-to-the-minute rises and falls in stock values. Traders who make money in the stock market have a great understanding of technical analysis and spend time outside of market hours scanning charts for profitable setups. Traders must be willing to do research, sit in front of the computer for long hours and be prepared to make mistakes.
Read as much as possible about technical analysis before even considering day trading. Day traders should be able to look at a stock chart and recognize a pattern within seconds. Learn as many chart patterns and formations as possible and think of each one as a tool.
Choose a discount brokerage firm that offers low trade commission fees as well as charting software. Low commissions are important, as the fees seriously eat into profits due to the number of trades day traders made each day.
Trade a few select stocks as you’re starting out, and focus on learning their patterns and how they trade each day. Some stocks have patterns that repeat each day or each week, if you can find the pattern, trade the stock and capitalize on it.
Aim for small percentage gains, and use stop losses to minimize your losses. Day traders make many trades each day, and these small gains add up. For instance, a chart pattern might show a setup that could make a 1 percent to 1.5 percent gain, so a day trader will enter the trade and set a stop loss a half-percent below the entry price. If the trade goes well, the trader might make a 1 percent gain, which can really add up if repeated 50 times a day.