Tuesday, May 26, 2020
Tips for Planning College Tour Trips
HomeApplyCampus visitsPlanning Some College Tour Trips? Heres How To Save Yourself Time, Money, and HeartacheThis page may contain affiliate links.Nov 6, 2019Are you a high school freshman or sophomore, or the parent of someone who is? If so, youââ¬â¢re probably wondering about planning some college tour trips. Whenââ¬â¢s the best time to start? And where to begin? On the one hand, you donââ¬â¢t need to schedule college visits and hit the road just yet. On the other, it is time to start planning. Time you invest now will save you lots of time and stress later. If you donââ¬â¢t plan ahead, it wonââ¬â¢t be a pretty picture. Iââ¬â¢ve seen it many times. Every fall, I hear from panicky seniors, scrambling to complete their college applications. Just as theyââ¬â¢re writing their essays, many are still trying to firm up their college lists. Some add and drop colleges on a daily basis. By the time December rolls around, the colleges they end up applying to are often ones they havenââ¬â¢t visited, while colleges they did visit have been scratched from the list. This leaves the students, as well as the moms and dads, playing a frantic game of catch-up, as they try to figure out how to schedule last-minute college visits and interviews during late-fall weekends and winter breaks. At this point, there is never enough time to get it all done. Sometimes, even favored schools fall by the wayside amidst the chaos. Donââ¬â¢t Jump The Gun On Setting Up College Tours How and why does this happen? Often it happens because eager, well-meaning parents jump the gun. They start planning college visits before the student has taken the time to do research or serious thinking. It may start during the summer before junior year, when Aunt Mollie, in Durham, North Carolina, is celebrating her 50thbirthday and it seems, to Mom and Dad, like the perfect excuse to plan a family road trip to see southern colleges. Or it may begin with Dad, who wants to see his buddy in New Hampshire, right near Dartmouth College. Wouldnââ¬â¢t that college be a neat place to apply to, donââ¬â¢t you think, David? Thereââ¬â¢s nothing wrong with family road trips that incorporate college visits. Especially when they involve picturesque locations, they can be lots of fun. But life is short, high school goes fast, and we only have so much time. The long weekends you spend driving to Duke or Dartmouth will inevitably eclipse other visits you could have, and probably should have,made to colleges that may be a better fit for you. Come senior year, you may rue the week you spent doing the southern circuit of college tours, the ten days visiting California schools, and the weekends flying into Chicago, Portland, Dallas and other cities, when you finally realize you want to stick to colleges in New York and New England. Read Before You Go On Any College Visits This brings me to the first, most important rule of college visits. Start with the book. Yes, the book. Although some folks skip over the paper step and simply start researching on the internet, I strongly believe an actual book is the first and best place to begin. Books are faster to use and better organized. Buy the Fiske Guide to Colleges, or an equivalent college guide. Spend the necessary hours, weeks or even months browsing through its pages, reading about various schools. From time to time, close the book and simply think about what you want out of college. This will mostly depend, of course, on what you want out of life. Your freshman and sophomore years of high school are exactly the right time to start asking yourself these big questions. If you start pondering now, youââ¬â¢ll be better able to deal with college a few years down the line. Let your questions gestate, as you flip through the college guide. What do you like to do? What are you especially good at? Can you imagine spending four years at a school in a city? What about a quiet campus in the country? Would you prefer a big research university that includes grad students? Or would you be happier at a small, liberal arts college with just a couple thousand people your age? These are hard questions to answer. But the sooner you start asking them, the more likely youââ¬â¢ll know by senior year. How Can You Know Until You Go Visit Colleges? Many people ask that question. This is based on the clichà ©, ââ¬Å"Youââ¬â¢ll know it when you see it,â⬠which claims that teenagers need to visit dozens of schools in many locations. When they do so, they will come upon the perfect college just right for them, and theyââ¬â¢ll fall in love with it. This will result in happiness. Thatââ¬â¢s a myth. Every year, thousands of teens and their families are misled by slick tours of beautiful campuses and think theyââ¬â¢ve found love. Itââ¬â¢s so easy to be swayed by ephemeral experiencesââ¬âthe way the sun slants through red maple leaves on an October day, the crackling logs in the fireplace of an admissions office or the friendly student who leads your tour. These are all moments that may happen once and never again during your four years at the school. They may put you in a good mood that day. But they are not the stuff to base important decisions on. I donââ¬â¢t mean that college visits arenââ¬â¢t important. You may learn things on a visit that youââ¬â¢ll never get from a book: whether a campus feels sleepy or bustling, whether student housing looks appealing or overcrowded, for example. But there are also things you can learn in five minutes from a book, or the internet, that you might not glean after traipsing around a campus for hours: the special programs in your areas of interest and the quantities of financial aid available, are two important ones. Make A List Of Potential Colleges Do the serious book research first. Supplement it with internet research: visit each collegeââ¬â¢s website and click around. Also, look for recent articles about the school. You want to get as complete a picture as possible. When evaluating colleges, donââ¬â¢t forget to consider geography and cost, as well as the academic requirements. Using your research as a base, start a list of colleges that sound like theyââ¬â¢d meet your needs and interests. This is just a preliminary list, of course. Youââ¬â¢ll probably change your thinking, as well as your list, before you get to senior year. But that list is a good place to start, and it beats planning your college visits around Aunt Mollyââ¬â¢s birthday trip. Now youââ¬â¢re ready to start planning your visits. Be sure to consult with your parents. If possible, first plan one or two short trips to schools near where you live. This will give you the chance to ââ¬Å"get your feet wetâ⬠without spending too much time or money. As time goes on, you can travel to the colleges further afield. Make A College Visit Check List And Know The Rules Of The Game Itââ¬â¢s important to know the rules and regulations of each college before you visit. This may include visiting hours and parking regulations. Check out the schoolââ¬â¢s website for information. Most colleges offer campus tours and information sessions on certain days. Sometimes you will be asked to register on-line ahead of time. Whenever possible, you should attend both the tour and the information session, because both offer valuable information. They also provide the opportunity for you to ask questions. Every college has its own academic calendar, which youââ¬â¢ll find posted on-line. Be sure to check the calendar before planning your visit. You wouldnââ¬â¢t want to arrive, only to find all the students and professors away on vacation. On arrival, be sure to check in with the Admissions Office, before joining the next information session or tour. If you have enough time, you might want to sit in on a class (ask permission first) or dine in the cafeteria. The more time you allow, the more youââ¬â¢ll be able to see. [Insightful Questions To Ask An Admissions Officer] Timing is Everything If you can create a college list and plan your first visits during sophomore year, youââ¬â¢ll be ahead of the game. But all students should begin this project no later than the summer before junior year. No matter when you begin your college visits, donââ¬â¢t make any until youââ¬â¢re ready: Read the book. Surf the net. Make the list. Plan the trip. Make the visit. Things will be smoother this way. You wonââ¬â¢t spend as much time and money. And, best of all, youââ¬â¢ll get to senior year feeling so much calmer.
Saturday, May 16, 2020
The Heart And Soul Of People s Innermost Thoughts And...
Life is a mystery in which new discoveries are made on a daily basis. While on a personal level or higher, people sââ¬â¢ perspectives alter othersââ¬â¢ moods and opinions. However, although human beings have traits that allow others to change, can the same be said about texts? The famous author C. S. Lewis once said that ââ¬Å"Literature adds to reality, it does not simply describe it. It enriches the necessary competencies that daily life requires and provides; and in this respect, it irrigates the deserts that our lives have already become. (Lewis)â⬠Among this sense of literature, there lies poetry. This form of writing takes the heart and soul of peopleââ¬â¢s innermost thoughts and questions, and portrays them in a sense that makes the readers themselves question what their reality is. Some scholars would say that no other poet does this better than Emily Dickinson, As an adult, she spent her days within the confines of her home. In this time, she wrote many pieces of short literature that were later discovered. According to the Emily Dickinson Museum, ââ¬Å"Her quiet life was infused with a creative energy that produced almost 1800 poems and a profusion of vibrant letters. (Emily Dickinsonââ¬â¢s Biography)â⬠Within these collections, Dickinson writes about what seem to be shallow questions, such as the concept of being noticed. However, under the surface, is there more? ââ¬Å"The Soul Selects her own Societyâ⬠represents human understanding as something boundless and unlimited, while ââ¬Å"There is aShow MoreRelatedChange in American Social Values in Thomas Mertons Rain and the Rhinoceros and Fire Watch1697 Words à |à 7 PagesA query from Thomas Merton: ââ¬Å"Canââ¬â¢t I just be in the woods without any special reason?â⬠(TMSM, 391). The question returns with each reading of Mertonââ¬â¢s earlier works. And, the commonplace response of the newly introduced student to Merton comes not from the Trappist Monk, but from Dorothee Soelle in her book Theology for Skeptics: Reflections on God: ââ¬Å"But must we really speak in this way?â⬠(SoÃËlle, 15). No doubt the gifted theologian realizes the truth in this hypothetical Socratic dialogue; evenRead MoreEssay Sigmund Freud as a Dream Analyst2025 Words à |à 9 PagesAll of a sudden you awake in a frantic scream. You realize you are still in one piece and that no beautiful women really want you, you are just the same loser you were the day before. Dreams such as this one I described above happen to millions of people all over the world every time they stop to take a little nap or when they are asleep at night. Why do we dream? What do they mean? Why do humans as well as animals have dreams that sometimes fit into our daily life and others seem to be way out ofRead MoreWhat Explains the Rapid Growth in Private Investment in E-Commerce Firms in the Period 1998ââ¬â2000? Was This Investment Irrational?2447 Words à |à 10 Pagesshe wept , and did not eat. Then said Elkanah her husband to her, Hannah, why weepest thou? and why eatest thou not? and why is thy heart grieved? [am] not I better to thee than ten sons? So Hannah rose up after they had eaten in Shiloh, and after they had drunk. Now Eli the priest sat upon a seat by a post of the temple of HaShem. And she [was] in bitterness of soul, and prayed unto HaShem, and wept sore. And she vowed a vow, and said, HaShem of hosts, if thou wilt indeed look on the affliction ofRead MoreEulogy For My Friend Essay5974 Words à |à 24 Pagesmore in awe and appreciative of this benevolent soul. There is something uniquely vibrant and genuine about Barbara that makes her an instant fan favovrite and one of the truly inspiring women in the world today. I have been blessed yet again to speak with this remarkable gentlemwoman this year! RH: I m so glad we finally get to catch up, Barbara.à BN: à Oh, Ruth, thank you for reaching out again this year. I know you ve been busy, and it s been a busy summer for us too. My mom has actuallyRead MoreEssay about Sonnys Heroic Journey in James Baldwins Sonnys Blues2971 Words à |à 12 Pages The theme of Sonnys Blues by James Baldwin focuses on whether a person should be conventional in making decisions for their life, or if they should follow their heart and do what is right for them. A person begins with strengths, many of which they lose along the way. At some point along their heroic journey a person may regain their strengths and develop new ones. Each phase of this journey will have an effect on them and others around them. According to his brother, who narrates SonnysRead More Sins of Hester Prynne, Reverend Dimmesdale, and Roger Chillingworth in The Scarlet Letter2139 Words à |à 9 PagesThe Sins of Hester Prynne, Arthur Dimmesdale, and Roger Chillingworth in The Scarlet Letter Nathaniel Hawthorneââ¬â¢s The Scarlet Letter is a study of the effects of sin on the hearts and minds of the main characters, Hester Prynne, Arthur Dimmesdale, Roger Chillingworth. Hester, Dimmesdale, and Chillingworth. Sin strengthens Hester, humanizes Dimmesdale, and turns Chillingworth into a demon. Hester Prynneââ¬â¢s sin was adultery. This sin was regarded very seriously by the Puritans, and was oftenRead MoreHealing Thought the Power of Positive Thinking8418 Words à |à 34 PagesHeilung durch die Kraft des positiven Denkens The German edition is the work of reference for all questions regarding the meaning of the contents à © Verlag DAS WORT GmbH im Universellen Leben Max-Braun-Strasse 2, 97828 Marktheidenfeld/Altfeld, Germany Order No. S 424en ISBN 3-89371-129-5 Table of Contents Reflection I. Thoughts Are Energy 1. Everything Is Energy 2. Positive and Negative Thoughts 3. Thought as Self-acting Entity 4. The Law of Sowing and Reaping 4.1 Everything Comes Back http://www.das-wortRead MoreThe Integration of Christianity and Psychology3666 Words à |à 15 Pagesthese components that diagram the self, as concentric circles. These components are comprised of the core, the body, the soul, the temporal systems, and the supernatural systems (Hawkins, 2010). Hawkins (2010) refers to the core as the innermost part of the self; it houses the Holy Spirit, and even sin and selfishness. Next is the soul circle that is inclusive of a personââ¬â¢s thoughts, conscience, volition, and emotions. The third circle contains the individualââ¬â¢s physical body.à The fourth circle is theRead MoreMy Journey as a Psychotherapist4426 Words à |à 18 PagesMasters Degree in Psychotherapy My Journey as a Psychotherapist QUESTION ââ¬Å"Describe your journey in becoming a counsellor. Include an examination of your own personal qualities and skills that you bring to the counselling processâ⬠4500 words ââ¬ËPersonal growth and creativity are synonymous in the life of a therapist. The very process of therapy involves the elucidation and creation of different patterns of meaningââ¬â¢ (Hobson 1985) Examining my personal journey towards becoming a counsellorRead More The Basic Elements of Jane Austens Pride and Prejudice4010 Words à |à 17 Pageseducated at home. Both she and Cassandra were attractive and attended country parties, neither of them married, although Jane had several proposals. Much of JaneÃâs life is captured in the letters that she wrote to her sister, but Cassandra cut out any references there might have been about JaneÃâs intimate, private life and her innermost thoughts. In spite of the missing information, the letters retain flashes of sharp wit and occasional coarseness. Jane began to write at a young age. Pride and Prejudice
Wednesday, May 6, 2020
The Language of Love in Twelfth Night Essay - 2005 Words
Language of Love Throughout the history of literature and writing, love has been one of few constant human experiences and themes. Love can be expressed, viewed, and taken in many different ways. According to Websterââ¬â¢s Dictionary, the term love is defined as, ââ¬Å"a feeling of strong or constant affection for a person; attraction that can include sexual desire or the strong affection felt by people who have a romantic relationship; and/or a warm attachment, enthusiasm, or devotionâ⬠(Webster). It is difficult to decipher an exact meaning of love or situation where love is shown since this word has such a broad definition. In Shakespeareââ¬â¢s play, Twelfth Night, love is expressed frequently and in quite a specific way. Particularly, throughoutâ⬠¦show more contentâ⬠¦Shakespeare uses a specific language through his writing technique that builds this vision of love and provokes power and dominance over his characters. Carolin Biewer, in ââ¬Å"The Semantics of Passion in Shake speareââ¬â¢s Comedies: An Interdisciplinary Study,â⬠explains Elizabethan psychology and how the terminology and concepts of this psychology are used within Shakespeareââ¬â¢s plays to reveal not only true, but artificial feelings. Elizabethan psychology was devised by, ââ¬Å"â⬠¦philosophers Plato and Aristotle and the physicians Hippocrates and Galen,â⬠(Biewer 507) and viewed the passions as an inner body feeling and any verbal expression of feelings will allude to the physical complement of that passion. Biewer explores Elizabethan psychology and found that, ââ¬Å"Central among these psychological doctrines of the Elizabethan era was the doctrine of the three degrees of loveâ⬠(508). These degrees of love parallel the ideas that one may experience love driven by senses, love driven by thoughts, and love driven by the brain, each possessing a deeper meaning. These degrees help to show how certain levels of love can be more genuine and real in comparison t o another. For example, humans can experience love driven by thoughts or in other words, lust: a desire for something one does not have. Biewer better describes this by stating, ââ¬Å"A love that was dominated by senses was seen as false and risky. Love dominated by imagination was seen as more valuableâ⬠¦Ã¢â¬ (508). TheseShow MoreRelatedPlot And Action In Twelfth Night By Shakespeare1527 Words à |à 7 Pagesplay Twelfth Night, there are a couple of key aspects within the dramaturgy of that play that, to this day, still confuse me. William Shakespeare. And what may those be? Molià ¨re. For starters, in Twelfth Night, there seems to be no unity of time, place, or action. William Shakespeare. Go on. Whatââ¬â¢s your point? Molià ¨re. My point is that the characters are so unpredictable. They all have their own agendas, each on their own journey of self-discovery. And this episodic structure of Twelfth NightRead More Love And Shakespeare Essay823 Words à |à 4 Pages Love and Shakespeare The love theme in Shakespeares Twelfth Night is confusing but at the same time entertaining. The love triangle involving Viola, disguised as Cesario, is in love with Orsino. Orsino is in love with Olivia. Olivia, however, loves Cesario. Orsino tries to woo Olivia with the language of love; however, his many attempts fail because the heart cannot be controlled. Orsino, a man in love with love itself, is on a mission to win the heart of his current object of affection, the LadyRead MoreThe Limitations Of Frye s Green World 1729 Words à |à 7 PagesWhat are the limitations of Fryeââ¬â¢s ââ¬ËGreen Worldââ¬â¢ model as applied to ââ¬ËTwelfth Nightââ¬â¢ by William Shakespeare? Twelfth Night was thought to be written in 1600-1. The play ââ¬â known for adhering to a genre of romantic comedy by utilising pathos combined with humour ââ¬â is listed under comedies in the First Folio of 1623 with another of Shakespeareââ¬â¢s works As You Like It. Twelfth Night adheres to Fryeââ¬â¢s theory to some extent. The old world, one of repression, is conveyed through the puritanical beliefs ofRead MoreThe Twelfth Night - Development of Themes889 Words à |à 4 PagesShakespeare wrote the critically acclaimed Twelfth Night in 1601 during the middle of his career. This play incorporates illusion, deception, disguises, madness and shows the extraordinary things that love with cause us to do. Shakespeare cleverly develops the theme of ââ¬Ëlove as a cause of sufferingââ¬â¢ through language techniques, motifs such as Madness and disguise and through the idea of superficial love. Twelfth Night is classified as a romantic comedy as romantic love is a key idea in the play, howeverRead MoreThe Different Types of Comedy Employed by Shakespeare in Twelfth Night741 Words à |à 3 PagesEmployed by Shakespeare in Twelfth Night William Shakespeare wrote Twelfth Night in 1914 as he was commissioned by Queen Elizabeth I to write a comic play for very important Italian courtier. The play included themes of love, confusion, disguise and other particularly funny topics from Shakespearean time. The title Twelfth Night fits in well with the comic play for a number of reasons. Twelfth Night is the name used for the Twelfth Day after Christmas. OnRead MoreComparison Between Christopher Marlowes Doctor Faustus and William Shakespeares Twelfth Night872 Words à |à 4 Pagesï » ¿Christopher Marlowes Doctor Faustus versus William Shakespeares Twelfth Night Both Christopher Marlowes Doctor Faustus and William Shakespeares Twelfth Night deploy many of the same characteristic rhetorical features of 16th century verse dramas. Both plays are characterized by highly elaborate language, usually in iambic pentameter, although different types of verse structures are occasionally used to convey different moods or character types. Both plays combine tragedy and comedy within theRead MoreTwelfth Night By William Shakespeare784 Words à |à 4 PagesThroughout Shakespeare s Twelfth Night, there are various depictions of gender identity, which causes different relations among the characters. Many of the characters fall between traditional and non-traditional in terms of their courtship rituals; this eventually leads to gender confusion. In addition, the appealing language influences the characters and their decisions. In examining each character, we will see the various gender identities in which Shakespeare depicted in Twelfth Night. Beginning with ViolaRead More A Comparison of Romantic Love in A Midsummer Nights Dream, The Tempest, and Twelfth Night1505 Words à |à 7 PagesRomantic Love in A Midsummer Nights Dream, The Tempest, and Twelfth Night In all of Shakespeares plays, there is a definitive style present, a style he perfected. From his very first play (The Comedy of Errors) to his very last (The Tempest), he uses unique symbolism and descriptive poetry to express and explain the actions and events he writes about. Twelfth Night, The Tempest and A Midsummer Nights Dream are all tragicomedies that epitomise the best use of the themes and ideologyRead MoreThe Fool Or Jester, Hired By Olivia858 Words à |à 4 Pageswith his language, word play, puns, as well as his quick wit. In scene 5, Feste begins with ââ¬Å"He that is well hanged in this world needs to fear no colours.â⬠Maria also plays into the comedy of the Twelfth Night. Maria and Feste are like a comedy duo participating in quick, witty, and comedic exchanges. A theme throughout many of Shakespeareââ¬â¢s works, is disguise. His characters seem to love to disguise themselves. It turns to be quite important, especially in his comedies. In the Twelfth NightRead MoreWhat Is Love?1080 Words à |à 4 PagesShakespeareââ¬â¢s play Twelfth Night is love. The notion of love is important to the plot as many of the characters are driven by love. There are multiple forms of love depicted throughout the play; each character represents a different type of love. Viola displays a patient, sincere, and enduring love for Orsion as well as a deep familial love for her brother. Sebastian and Antonio share a special bond which could be classified as brotherly love. These two bonds can be seen as the most real forms of love depicted
Tuesday, May 5, 2020
Financial Management Evaluating The Investment Opportunity - Sample
Question: Discuss about the case study Financial Management for Evaluating the Investment Opportunity. Answer: Introduction: The overall study mainly depicts the financial analysis, which could be used by Fanny to open a Choc-O-Lay branch in US Chicago. Furthermore, the novice effectively analyses the entire cost requirement, which could be conducted in the new business for smoothly running all the operations. Moreover, the study effectively evaluates the breakeven analysis for the new proposed business, which is essential for its survival in competitive market. Furthermore, the breakeven analysis could help Fanny depict the required amount of sales, which could be generated each month for the survival of the business. Brigham and Ehrhardt (2013) mentioned that evaluation of breakeven analysis mainly helps businesspersons to understand the sales needed for continued growth of the company. In addition, the study also evaluates and analyses profit and loss statement of the new proposed business for the first year. This analysis could eventually help Fanny understand the first year income, which could be generated after opening Choc-O-Lay branch. In this context, Brigham and Houston (2012) stated that evaluation of projected profits mainly help investor to make adequate investment decisions, which in turn increases their overall return on investment. On the other hand, Oikonomou et al. (2012) criticises that without adequate research, projected profits from an investment could eventually be reduced and hamper the investment capital. In addition, the study also evaluates and prepares a balance sheet, which could be reviewed by Fanny to understand the overall asset accumulation needed in the first year of incorporation. The study also helps in depicting the overall monthly cash flow that could be generated from first year of transactions. In addition, cash flow evaluation could also help in depicting the overall cash expenditure that might be conducted during the first year of incorporation. Moreover, with the help of sensitivity analysis the overall evaluation of different activities could be estimated. On the contrary, Mousavi et al. (2013) mentioned that sensitivity analysis could lose friction during an economic crisis, which might negatively affect operations of the new business. Furthermore, the novice effectively prepares a discounted cash flow statement, which could be used by the Fanny to evaluate the profitability from investment. According to Call et al. (2013), discounted cash flow mainly helps in depicting the time value of projected profits generated from business plan. Nevertheless, Farshadfar and Monem (2013) criticises that discounted cash flow does not accommodate change in inflati on rate, which might increase overall cost and hamper profits of the new business. Analysing the Breakeven Analysis for the proposed business: Figure 1: Depicting the break analysis for the proposed business (Source: As created by the author) The overall figure 1 mainly depicts the breakeven analysis for the proposed new business. In addition, with the help of selling and cost prices analysis the overall number of units that could be needed for the survival of new business can be effectively evaluated. Alhabeeb (2012) mentioned that with the help of breakeven analysis the investors are able to determine the overall limited number of sales units, which could be conducted to attain no profit no loss. On the other hand, Morgan et al. (2015) mentioned that breakeven analysis loses its friction if the data used in the calculation is irrelevant. Figure 2: Depicting the break sales and units for the proposed business (Source: As created by the author) Moreover, with the help of figure 2, the overall diagrammatic view of the breakeven units and sales could be effectively analysed. In addition, the above diagrammatic view could help Fanny understand the concept of breakeven analysis and how it is essential for continues growth of the company. In addition, $18,892.31 is mainly depicted, as the overall breakeven sales, which could be conducted by Fanny in her new proposed business to attain no profit and no loss. Moreover, the overall break-even unit that needs to be maintained by Fanny in her new Choc-O-Lay branch is 157 units. Khurshid et al. (2014) cited that determination of number of units, which could help in maintaining continuity of the business mainly, allows the management to make adequate pricing strategy to increase its market share. Nevertheless, Nykamp et al. (2014) argued that continuation of no profit no loss strategy could eventually affect future growth of the company and might reduce its liquidity. Analysis of the Profit and Loss statement at the end of first year for the proposed business: Figure 3: Depicting the Profit and Loss statement for the proposed business (Source: As created by the author) With the help of figure 3, the overall profits and loss statement for the new proposed project could be effectively evaluated. Moreover, in the first year of the operation Fanny could eventually have a profit of around $25,434, which is effective for continues growth of the new Choc-O-Lay branch. Bartov and Mohanram (2014) mentioned that calculation of projected profits from a new venture mainly help companies to evaluate the overall return that could be generated from operations. On the contrary, Kim et al. (2013) stated that projected profits could lose its friction during an economic crisis, which in turn affects investment capital of the company. After effective analysis, the overall demand for the Choc-O-Lay products in USA could help Fanny achieve the targeted profits in first year. Furthermore, from figure 3, the rising material cost is also depicted, which is mainly hampering profits of the company. Fanny could effectively use social media marketing to promote Choc-O-Lay products in USA. Healy and Palepu (2012) stated that companies with the help of effective online marketing are able to promote their products and increase their capacity to reach potential customers. However, Oberholzer (2013) criticises that any changes in assumed demand could negatively affect the actual profits and hamper cash reserves of the new venture. Furthermore, Fanny could not take advantage of tax exemptions, as she will invest her own capital in the new Choc-O-Lay branch. Analysis of the Balance Sheet statement at the end of first year for the proposed business: Figure 4: Depicting the Balance Sheet statement for the proposed business (Source: As created by the author) Figure 4 mainly depicts the overall projected balance sheet for the new Choc-O-Lay branch that will be opened by Fanny in USA. In addition, after evaluating the balance sheet, overall asset and liability that could be accumulated within first year of operations can be effectively analysed. Moreover, the total owners contribution for the new Choc-O-Lay branch is around $180,982. This mainly depicts the limited amount of money, which will be invested by Fanny from her retirement fund. In this context, Hormann and Schabert (2015) mentioned that projected balance sheet mainly help investors to evaluate the total investment capital that will be required in the new venture. On the other hand, Velicogna and Wahr (2013) criticises that without adequate research, balance sheet valuation might lose its friction and negatively affect projected profitability of the company. In addition, figure 4 also helps in analysing the overall inventory, which could be maintained by Fanny during 1 year of the operations. Jimenez and Ongena (2012) suggested that with the help of inventory valuation, investors are able to determine the quick ratio, which is used in understanding financial stability of the company. Furthermore, with the help of inventory valuation, Fanny could get the overall minimum inventory balance that could be maintained during first year of operations. On the other hand, Del and Sims (2015) criticises that increased inventory investment could eventually block essential working capital and might reduce productivity of the company. Furthermore, Fanny could effectively invest in refrigerator, distribution rights, market research, and website designing to increase its overall assets. In addition, these investments could eventually help in maintaining the level of productivity that is required for the new Choc-O-Lay branch. Kim (2016) mentioned that adequate accumulation of assets mainly help new business to increase their productivity and profitability. However, Paci (2012) criticises that increased investment in assets could block essential working capital, which negatively affect productivity of the company. Moreover, the overall current liabilities for the projected balance sheet are employee salary and labour cost of packing, which is at $3400. In addition, the overall depiction of current liabilities mainly helps Fanny to evaluate the overall financial obligations that could be incurred from the new proposed business. Aysun and Hepp (2013) stated that evaluation of liabilities mainly help investors to analyse the financial strength of the company. On the contrary, Gambacorta et al. (2014) criticises that increased accumulation of liabilities mainly reduces current ratio of the company, which in turn might affect its ability to support their current financial obligations. However, total liability and total asset of the new proposed business is at $209,815. In addition, this overall valuation of the balance sheet could mainly help Fanny in determining the viability of the investment opportunity (Del and Sims 2015). Moreover, the balance sheet, and income statement evaluation, Fanny could determine the overall profits that could be generated from the new venture for the first fiscal year. Analysis of the Monthly and annual Cash Flow statement for the first year for the proposed business: With the help of figure 5, the overall monthly cash flow statement for the first year can be effectively analysed. Moreover, this cash flow statement could help Fanny understand the liquidity requirements of the new venture. Serban (2013) stated that cash flow evaluation mainly depicts the overall cash transaction that is conducted by the company for the current fiscal year. In addition, the cash flow statement mainly depicts loss in operating cash flow generated for first six months. However, after the initial first six months there is a gradual rise in operating cash flow, which might help in supporting the overall activities of the new venture. In addition, due to declined sales in the first six month the profits generated from sales were not adequate, which could negatively affect its cash availability. On the contrary, Khanji and Siam (2015) criticises that without adequate market research new venture could lose friction and hamper profitability of the company. Moreover, due the expenditure of $116,510 of initial investment during the first month could mainly reduce cash balance of the proposed business. In addition, the cash flow also depicts the overall expenses that will be conducted over the period of first fiscal year. Collins et al. (2014) mentioned that determination of adequate liquidity requirements in a new business mainly helps in reducing slack time. On the other hand, Miao et al. (2016) companies with the help of NPV valuation is able to determine the adequate investment opportunity, which might provide higher return from investment. In addition, figure 5 also depicts the annual cash flow statement, which could be helpful in analysing the overall expenditure, income, and profits generated in the current fiscal year. Moreover, highest expenditure is conducted on material cost, which is imported from UK. In addition, closing cash balance due to negative transaction declined until first six month but effectively increased for rest of the fiscal year. Total cash inflow for the first year stands at $-25,109.6, which is adequate for first year operations. Farshadfar and Monem (2013) argued that evaluation of total cash flow statement mainly help investors to analyse the transactions that is conducted by companies in the current fiscal year. Analysis of the Discounted Cash Flow statement for the proposed business: The discounted cash flow is based on the analysis of five years with the operating cash flow for the first financial year shows a negative balance of $25,110. However, in the subsequent year the operating cash flow represents the cash flow amount of $30,132. The amount of initial cash flow is subjected to rise at a rate of 20 per cent per annum. The discounted cash flow also shows that capital expenditure incurred for the first financial year stands $116,510. Free cash flow for the first financial year represents a negative value of $141,620. On the subsequent year, the free cash flow stands $30,132 and for the final year, the free cash flow stands $52,067 approximately. The analysis also gives rise that the average free cash flow growth rate is represents 45.33% annually. According to Larrabee and Voss (2012), the concept of discounted cash flow states that it is a methodology employed to assess the investment by taking into the considerations the anticipated rate of accumulated int erest. Figure 6: Depicting the Discounted Cash Flow statement for the proposed business (Source: As created by the author) Fanny current discounted cash flow shows the present discounted value of cash in a negative value of 150,813. It is to be noted that the discounted cash flow is forward looking method rather than depending on the historical view of cost. It is argued that a business may not yield the desired amount of profit however; it does not necessarily depend upon the historical cost data. On the other hand, Heinrichs et al. (2013) argued that the method of DCF is more inclined towards the fundamental expectations of the business, and does not includes the volatile external factors in the analysis. The benefit of using the DCF cash flow is that it enables the analysis of different components of business rather than evaluating each component separately. Evaluating the overall capital needed for the proposed business: Fenny received $475,000 after her retirement and the overall capital requirement for Choc-O-Lay will be $200,000 with the owners equity contribution of $180,982. The information derived from the forecasted balance sheet states that Fenny is looking forward to acquire inventory of worth $78327, which will be her initial amount of investment for the opening stock of raw materials. In addition, to this deposit derived from the industrial room stood $1260 with opening cash balance of $39,362. The total amount of current assets stands $118,949 for the first forecasted financial year. On the other hand, Fenny is also looking forward to acquire fixed assets in the form of Refrigerator with annual depreciation value of $1050 under the fixed straight-line method. The refrigerator will be depreciated at a span of five years with no residual value (Peirson et al. 2014). Fenny will also be acquiring the marketing and distribution rights of worth $100,000. It is to be noted that marketing and distribution rights will be be depreciated in the span of five years under fixed line method with $20,000 per year. The forecasted balance sheet shows that other fixed assets such market research, website designing will be amortized, and all the assets will have the span of five years (Larrabee and Voss 2012). The total amount of fixed assets will be $90,867 for the first financial year. The current liabilities consist of the outstanding expenses with the salary of employees and labor cost of packaging $2650 and $750 respectively. According to Fabozzi and Peterson (2013), it could be noted that investment made in inventories could essentially lead to lock up of initial amount of capital. In this context, Healy and Palepu (2012) further stated that until the expiry of lock in period, no inventory turnover is possible and this could possibly lead to absolute inventory or abnormal loss of inventories due to pilferage or lean sales. The analysis is based on the critical evaluation of owners equity contribution, which could have been slightly on the higher side as the total amount of equity after net tax deduction stands $206,415. Evaluating the Sensitivity analysis that could be used by Fanny for the proposed business: Sensitivity analysis can be defined as the study of determining the uncertainty regarding the output of the mathematical model or systems, which can be allocated to different source of uncertain inputs. The procedure of calculating the desired outcomes under the alternative assumptions is to determine the impact of a variable input under the sensitivity analysis for determining the useful for a range of purpose (DeFusco et al. 2015). The impacts of policies and programs adopted by Choc-O-Lay may turn out to be difficult to measure or predict and the values yielded from this impact is difficult to monetize. With the implementation of sensitivity analysis techniques Choc-O-Lay can examine the degree of uncertainty in the cost benefits analysis and shows the reasons behind inputs which effects the results derived from business. Figure 7: Depicting the sensitivity for breakeven analysis for the proposed business (Source: As created by the author) The break even for the first year is $120.00 sales per unit with variable cost of material $86.88 having a conversion rate of $1.12, packaging and shipping cost and credit card charges are of $2.00 and $1.20 respectively. Packaging and shipping cost is considered as variable due to the changing nature of production level. On the other hand, rent for industrial room and employees salary is considered as fixed cost having the worth of $420.00 and $2650.00 respectively (Lerner et al. 2012). At the operating level of 120.00 per unit, Choc-O-Lay will have to sale an approx of 1889 units to attain the level of break-even sales after incurring the contribution cost of $95,405. On the other hand, Choc-O-Lay if decides to sell $108 per unit annually, it will incur the cost of material of worth $86.88 with conversion rate of $1.12. On the implementation of discount, Choc-O-Lay will be able to sale 4834 units to achieve the breakeven point with contribution of $73.892. It is noted that Fenny would incur a cost of 100,000 to acquire the marketing rights. The rights acquired would have a life span of five years. However, it is to be noted that she has received a sum of $475,000 during the time of retirement and if Fanny decides to invest the amount directly received would not get the benefit of tax exemption and this would lead to lock in of capital as well. On the other hand, if Fanny decides to take loan and employ the same to acquire the rights she would get the benefit of tax exemptions, which will further enable her to earn interest by investing in fixed deposits schemes (Aysun and Hepp 2013). The interest gain on fixed deposit could range from 3 to 5 per cent on annual basis. The principle amount of investment in fixed deposit scheme includes $100,000 that will be invested to earn fixed interest of $20,000 on annual basis. The interest earned from the fixed deposit schemes would form a part of Fannys additional income. Conclusion and Recommendation: The study mainly helps in evaluating the new business opportunity that could be used by Fanny to increase its income after her retirement. In addition, the novice has effectively prepared projected income, cash flow and balance sheet statement, which could help Fanny in making adequate invest decisions. In addition, the study also helps in evaluating the breakeven sales and units, which could be used by fanny to determine the minimum amount of sales. Moreover, the evaluation of no profit no loss situation could effectively help Fanny to push the number of sales, which might have no negative impact on her investment. Furthermore, the study also provides discounted cash flow statement, which could be used by Fanny in determining the investment viability. In addition, with the help of sensitivity analysis, Fanny could be provided with different situation that might help in her investment decision. Moreover, the study mainly helps Fanny make adequate investment decision, which might in t urn provide adequate return for rest of her life. Recommendation 1: After the overall evaluation of all the projected financial statement, certain amendments could be conducted by Fanny to increase the overall profits from the new business. In addition, the main expenditure is conducted on the materials that will be imported from UK. Moreover, Fanny could purchase the machinery directly from Choc-O-Lay Company to decrease its overall purchases. In addition, this reduce imports could eventually help in decreasing the overall shipping and air freight charges, which in turn could help in improving profitability of the new business. Moreover, Fanny has around $475,000 as her capital, which might effectively help in purchasing the machinery for producing Choc-O-Lay products in US. This method could effectively help in reducing cost of production and improve profitability of the new Choc-O-Lay branch. In addition, the overall breakeven units and sales could also be reduced and helps the company attain more profits. The strategy could also help in determining a positive DCF, which could help in increasing authenticity of the overall proposed business. Recommendation 2: Fanny could demand more discounts on the overall Choc-O-Lay products that is been imported in US. This increased discount could help in reducing cost of material and might help in increasing profitability from the new venture. 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