Marketing plan Essay Example | Topics and Well Written Essays - 2500 words - 6

Marketing plan - Essay Example However, the company was acquired by Asher Budwig in the year 2011, but the brand name of Lola’s cupcakes continued to exist and the parent company decided to continue the business operations with the same vigour and focus on quality and design (Lola’s cupcakes, 2015b). The contemporary issues faced by the company are on the grounds of health issues. The cupcake and bakery industry has faced certain challenges owing to the changing consumer perception towards healthy diets. The rise in obesity rates in UK has made the customers to shift to food items with less sugar content or lower calorific value (BBC, 2014). Since, cupcakes have high quantity of sugar and can be considered to be a source of obesity so they have faced significant health issues. Moreover, from the point of view of the food consumption pattern of the customers it has been found that the customers, who prefer to eat halal, do not eat gelatinous cakes (Lola’s cupcakes, 2015a). Thus in order to target a wider range of customers Lola cupcakes need to offer a new range of products that offer non-gelatinous products. The target market of Lola cakes has been selected be all across London. The company has decided to target the customers based on their demographic and psychographic profile. The product category of bespoke designer cupcakes is targeted at the young population with the age group ranging in between 12-30 years. Based on the pricing of Lola cupcakes, the products are targeted at the middle and upper middle class of the society, which as a result allows the company to target a wide customer base (Lola’s cupcakes, 2015d). However, the narrow product offering also decreases the opportunity of the company to widen the customer base and target customers from several other demographic segments. The bespoke cupcakes are quite popular among the people with a â€Å"sweet tooth†, thus it can be stated that

Criminal court process in United Kingdom Essay Example | Topics and Well Written Essays - 2500 words

Criminal court process in United Kingdom - Essay Example After being arrested, you are charged with a crime hence you will be booked for appearance in a court of law. The charge sheet will contain the offence that one is charged with. I f the charge has different counts; this will also be reflected therein.   Being booked in usually involves being photographed, fingerprints taken, and disclosure of personal information. The officials will then add your name and the crime committed into the official police record. Personal belongings will be taken from you and kept safely until you come out of custody. You will be asked to sign an inventory after this. Court/ TrialLargest percentages of criminal cases get adjudicated in the magistrate’s court.   A children’s court exists as a type of a magistrate’s court (Banks, 2013.p7.). In the magistrate courts, there are exists three magistrates although at times the case is adjudicated by a single magistrate (Criminal Prosecution Service).   Then there are crown courts that a djudicate fewer cases and the cases referred to this court involve;†¢Ã‚  Instances where the accused has intimated that their case be adjudicated by that court†¢Ã‚  Cases referred by magistrates because of the gravity of their sentence, which cannot be passed in the lower court.The other set of courts involve the Court of appeal that may adjudicate appeals emanating from the crown’s court. The other set of court is the House of Lords. Judges in these courts have to ensure that they take up their tasks expeditiously to ensure that they bestow justice to every person.

Legalization of Marijuana Research Paper Example | Topics and Well Written Essays - 1500 words - 1

Legalization of Marijuana - Research Paper Example The economic feasibility of decriminalizing marijuana has become a much-discussed subject in recent years. The federal government presently spends a lot of capital on law enforcement to combat distributors and producers of drugs. By legalizing drugs this could eradicate much of the profit, bloodshed and corruption of that trade. If legalizing drugs is to have a positive effect on the crime rate, drugs must be made both inexpensive and available. Studies have repetitively suggested that prohibiting marijuana in the U.S. has not shown to be efficient or effective. According to the Drug Policy Alliance, â€Å"U.S. federal, state and local governments have spent hundreds of billions of dollars trying to make America ‘drug-free.’ Yet heroin, cocaine, methamphetamine and other illicit drugs are cheaper, purer and easier to get than ever before. (â€Å"England,† 2006) According to a report in The Economist (Case for Legalization, 2001), concerns that a growing drug-usin g and dependent population would emerge if marijuana was made more available are false. Although the magazine acknowledges that the price of the drug is artificially high, it attributes this to the difficulties involved in circumventing the law. The authors of this report indicate that it is only because of the high cost and the difficulty to obtain it that more individuals have not experimented with it. Instead, they become addicted, either physically or psychologically, to other, often more harmful yet legal substances such as prescription medications or alcohol. To support their argument in favor of legalization even should the numbers of suspected users rise, the Economist article (Case for Legalization, 2001) draws on the theories of John Stuart Mill. Mill’s ideas were founded on the concept that adult citizens should have the right to make their own choices regarding whether or not to participate in activity as long as it does no harm to others. This is a founding theor y that has been mostly ignored in decisions made regarding alcohol and tobacco, both of which have proven to directly cause significant harm to innocent others, but has not been ignored regarding Class C substances such as marijuana. However, the arguments that more people would become regular users of the substance are unfounded. In addition to the fallacies of the anti-legalization side regarding increased use, the damage perpetrated on those involved with marijuana far outweighs the benefits achieved by current legislation and yet continues to exist. Poor countries where the drug is produced are quickly being overrun by criminals and thugs, people who make breaking the law on numerous levels. Because production and exportation is considered a criminal activity, the actual criminals are finding success rather than defeat. Individuals within the rich countries who buy the drugs are often otherwise productive members of society. Smoking marijuana, for medical or other reasons, is of ten their only ‘crime’ yet they face a no tolerance policy that places them in prison, destroys their chances to continue being the productive people they were before and irreparably harms them in many other ways. Under legalization, governments would be able to standardize the quality, regulate the ages

Sports Sponsorship Research Proposal Example | Topics and Well Written Essays - 1000 words

Sports Sponsorship - Research Proposal Example The research also evaluates the economic benefits, as well as, the costs associated with the Philadelphia International Cycling Championship to the city of Philadelphia and the surrounding community. Early January this year, it was announced that the Philadelphia International Cycling Championship would not be held in 2013 (Velo News, 2013). The announcement of the cancellation of the yearly race was a surprise to many people. Among those who were stunned by this announcement are spectators, race participants and citizens of Philadelphia, and the surrounding communities. However, the organizers of the Philadelphia International Cycling Championship race promised to reorganize with new partners to make the yearly race superlative in future. This means that the next Philadelphia International Cycling Championship race will be held next year, if the organizers manage to find sponsors who may be willing to commit their funds towards the preparation of the event. Given that the Philadelph ia International Cycling Championship is among the biggest, special events of Philadelphia, the race had both economic benefits and costs to the city of Philadelphia and surrounding communities. ... This contributes to the revenue of the city. Also, community members benefit because they are the suppliers of the requirements of hosting spectators such as foodstuffs. In addition, people from areas surrounding the city of Philadelphia are employed by various companies that are associated with the organization of the Philadelphia International Cycling Championship race. Other economic benefits include revenue earned from travel of the participants and spectators in throughout the city of Philadelphia and its surrounding communities (Visit Philly, 2012). Therefore, the Philadelphia International Cycling Championship is of significant economic benefit because it earns revenue for the city of Philadelphia, through charging of a flat fee to organizers and participants (Ford, 2013). On the other hand, the Philadelphia International Cycling Championship is associated with the rising city costs (PR Web, 2013). For instance, the city of Philadelphia incurred some costs in preparation of th e event when sponsors could not reach the threshold of the required funds for hosting the Philadelphia International Cycling Championship. This move was taken by the city of Philadelphia because of the economic benefits that the race brought to the city. However, the city of Philadelphia increased the charges to the organizers tremendously in 2009, a time when sponsorship commitment of TD Bank was coming to an end (Ford, 2013). Other costs associated with the Philadelphia International Cycling Championship include lawsuits. For instance, one of the organizers is facing a law suit, whereby he is accused of failing to purchase the remaining share of their joint sporting with one of the participants who died of cancer last year (Ford, 2013). Instead, the organizer had used the

Legalization of Marijuana Research Paper Example | Topics and Well Written Essays - 1500 words - 1

Legalization of Marijuana - Research Paper Example The economic feasibility of decriminalizing marijuana has become a much-discussed subject in recent years. The federal government presently spends a lot of capital on law enforcement to combat distributors and producers of drugs. By legalizing drugs this could eradicate much of the profit, bloodshed and corruption of that trade. If legalizing drugs is to have a positive effect on the crime rate, drugs must be made both inexpensive and available. Studies have repetitively suggested that prohibiting marijuana in the U.S. has not shown to be efficient or effective. According to the Drug Policy Alliance, â€Å"U.S. federal, state and local governments have spent hundreds of billions of dollars trying to make America ‘drug-free.’ Yet heroin, cocaine, methamphetamine and other illicit drugs are cheaper, purer and easier to get than ever before. (â€Å"England,† 2006) According to a report in The Economist (Case for Legalization, 2001), concerns that a growing drug-usin g and dependent population would emerge if marijuana was made more available are false. Although the magazine acknowledges that the price of the drug is artificially high, it attributes this to the difficulties involved in circumventing the law. The authors of this report indicate that it is only because of the high cost and the difficulty to obtain it that more individuals have not experimented with it. Instead, they become addicted, either physically or psychologically, to other, often more harmful yet legal substances such as prescription medications or alcohol. To support their argument in favor of legalization even should the numbers of suspected users rise, the Economist article (Case for Legalization, 2001) draws on the theories of John Stuart Mill. Mill’s ideas were founded on the concept that adult citizens should have the right to make their own choices regarding whether or not to participate in activity as long as it does no harm to others. This is a founding theor y that has been mostly ignored in decisions made regarding alcohol and tobacco, both of which have proven to directly cause significant harm to innocent others, but has not been ignored regarding Class C substances such as marijuana. However, the arguments that more people would become regular users of the substance are unfounded. In addition to the fallacies of the anti-legalization side regarding increased use, the damage perpetrated on those involved with marijuana far outweighs the benefits achieved by current legislation and yet continues to exist. Poor countries where the drug is produced are quickly being overrun by criminals and thugs, people who make breaking the law on numerous levels. Because production and exportation is considered a criminal activity, the actual criminals are finding success rather than defeat. Individuals within the rich countries who buy the drugs are often otherwise productive members of society. Smoking marijuana, for medical or other reasons, is of ten their only ‘crime’ yet they face a no tolerance policy that places them in prison, destroys their chances to continue being the productive people they were before and irreparably harms them in many other ways. Under legalization, governments would be able to standardize the quality, regulate the ages

Summary of IAS 18 Essay Example for Free

Summary of IAS 18 Essay Revenue: the gross inflow of economic benefits (cash, receivables, other assets) arising from the ordinary operating activities of an entity (such as sales of goods, sales of services, interest, royalties, and dividends). [IAS 18.7] Measurement of Revenue Revenue should be measured at the fair value of the consideration received or receivable. [IAS 18.9] An exchange for goods or services of a similar nature and value is not regarded as a transaction that generates revenue. However, exchanges for dissimilar items are regarded as generating revenue. [IAS 18.12] If the inflow of cash or cash equivalents is deferred, the fair value of the consideration receivable is less than the nominal amount of cash and cash equivalents to be received, and discounting is appropriate. This would occur, for instance, if the seller is providing interest-free credit to the buyer or is charging a below-market rate of interest. Interest must be imputed based on market rates. [IAS 18.11] Recognition of Revenue Recognition, as defined in the IASB Framework, means incorporating an item that meets the definition of revenue (above) in the income statement when it meets the following criteria: †¢ it is probable that any future economic benefit associated with the item of revenue will flow to the entity, and †¢ the amount of revenue can be measured with reliability IAS 18 provides guidance for recognising the following specific categories of revenue: Sale of Goods Revenue arising from the sale of goods should be recognised when all of the following criteria have been satisfied: [IAS 18.14] †¢ the seller has transferred to the buyer the significant risks and rewards of ownership †¢ the seller retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold †¢ the amount of revenue can be measured reliably †¢ it is probable that the economic benefits associated with the transaction will flow to the seller, and †¢ the costs incurred or to be incurred in respect of the transaction can be measured reliably Rendering of Services For revenue arising from the rendering of services, provided that all of the following criteria are met, revenue should be recognised by reference to the stage of completion of the transaction at the balance sheet date (the percentage-of-completion method): [IAS 18.20] †¢ the amount of revenue can be measured reliably; †¢ it is probable that the economic benefits will flow to the seller; †¢ the stage of completion at the balance sheet date can be measured reliably; and †¢ the costs incurred, or to be incurred, in respect of the transaction can be measured reliably. When the above criteria are not met, revenue arising from the rendering of services should be recognised only to the extent of the expenses recognised that are recoverable (a cost-recovery approach. [IAS 18.26] Interest, Royalties, and Dividends For interest, royalties and dividends, provided that it is probable that the economic benefits will flow to the enterprise and the amount of revenue can be measured reliably, revenue should be recognised as follows: [IAS 18.29-30] †¢ interest: using the effective interest method as set out in IAS 39 †¢ royalties: on an accruals basis in accordance with the substance of the relevant agreement †¢ dividends: when the shareholders right to receive payment is established Disclosure

Money Lending Company Is Very Important

Money Lending Company Is Very Important Money Lending Company is very important for a person or company not only in Philippines but also globally. Money Lending Company allows the person or company to lend money to use at any necessary needs but in return they have to pay for it plus its strain. Many people think money lending is all about the involvement of money, particularly for those people who are in this kind of business and for some debtors, but on the second thought we realized that money lending system is not just a typical manual system that calculates the interest and the balances of the debtors. At the very moment that some debtors borrow money to the company may have its security for the data of his/her balances and for those who has this kind of company also has the security that is reliable, paperless works that cause of big expensive by sending the debtors notices through email and text messages. Manual system and computerized system has many differences not only in how to use it but also in the features and the time that you will consume working in the manual than to computerized. Manual system are hardly use by the employee and the time that will consume in saving files on folders and searching the names or the record of the debtors manually. This is one of the reasons why the group decided to make a system that will help them to make their work easy and secured, useful and easy to use by the employee. Lending companies nowadays provides folders, lockers and cabinets to keep the files and data of the debtor and his payment sheets. Manually computing every payments transactions and write in their sheets. It will be hassle for an employee handling a huge number of debtors and sort it one by one. More employees will be involved for the job to finish on time and not that secured file keeping storage. Files may be lost, and misplaced. The proposed system will benefit the employees, the company and the debtors. It will be less hassle to an employee writing the amount of the payment of one entry of debtor, making the company lessens the personnel handling the system. The proposed system will automatically calculate payments, monthly payments, and short payment of the debtor, taxes, and also the penalty for late payments. Due to rapid evolution of technology, numerous manual systems have been automated by computers. An example of this is the database. Before the introduction of computers, during the dark ages of technology, most employers and employees store their files in huge filing cabinets. If by any chance they have to search for a certain file, they dig in and spend a lot of time looking for one or more folders and spends another The group observes that every day, there are numerous persons or company who would like to lend, Due to this case, the Money Lending Company conducts examination of requirements in case the borrower are approved or not. In this setting, the examinees are required to fill up any information or paper-based application. By saying manual, the group notices that the company is using the old pen and paper system. The debtors will be given more than enough time to finish the papers and the information given by the borrower will be written in a separate sheet of bond paper. After the examination for requirements the examinee will be ask to wait for the results. If the applicants will be approved, he will then be scheduled for an interview. If the result shows otherwise, he will not be allowed to borrow. The group sees nothing against this old system but ironically believes that it is about time that Money Lending Company such as Alay Buhay Development Foundation Inc. goes with the flow of todays fast paced technology. There is a lot of Money Lending Company who have adopted the idea of Automated Money Lending Information System. Adopting the same innovation opens yet another portal for Alay Buhay Development Foundation Inc. Potential borrowers will be awed by the latest technology use by the proponent to deliver an accurate computation, information and etc. There are numerous programming languages that are taken into account for further study and review. Among these programming languages are Visual Basic, JAVA, Visual C# and many more. The group believes that undeniably the arrival of Visual C# in the programming language world has made several breakthroughs. With this idea at hand, the group believes that the best programming language that would definitely suit the needs of the Money Lending Information System for Alay Buhay Development Foundation Inc. would be Visual C#. Any information will be kept in a database for future references, in order to secure and kept these information, the group proposes MSSQL. And we will provide a very user friendly interface not only for the borrowers but for the Administrator as well. The group believes that the development of Money Lending Information System for Alay Buhay Development Foundation Inc. will deliver a major impact as the company progresses and evolves into a better Information Technology environment. The study will deliver exciting new look in Money Lending Company system. Background of the Study A dynamic and innovative community development foundation that empowers and transforms lives of the socially disadvantaged, of families and communities, this was the vision of Alay Buhay Development Foundation Inc. which was a Money Lending Company. In 1986 Alay buhay was founded by people who have a tireless effort of helping poor people, because of the dehumanizing effect of the poverty they made this foundation to save a those children that are in need of help. Alay buhay development foundation is not only a typical lending company, this company has also give chances for the poor; they give help to the poor Filipino children to continue their study by making a scholarship program. They decided to have money lending for their company because the benefit of the said program would be given to those children and in additional Alay buhay development foundation also creates a micro entrepreneur for the those people without job. In 2005 Alay buhay have their success of branching out their services in Marikina, Manila, Caloocan and Rizal Province,these places has known for the where numerous numbers of children are not studying and not afford to study. Despite of having branches they must have a system which is secured and reliable for them to have many debtors for the sake of the people who benefits with them. According to Alay Buhay their mission is As a people-oriented development organization, we commit to pursue community-driven and capability-building programs and services through education, enterprise development, and community empowerment projects geared to contribute to national development. This means they will have to develop and help others, by making programs for the benefit of the out of school children, to give projects to develop our community. Alay buhay has known for their various recognition making them become popular by helping other people, they have the recognition given by the Department of social welfare and development(DSWD) as the social work building projects and giving their services for women, family and most specially to the out of school children. They also received recognition from the province of Rizal. The goals of the company are to develop a self-sustaining organization responsive to the needs of targeted communities and to mobilize local and international resources to support Alay Buhays development efforts and initiatives. And the main goal of the company is to partner with communities and organizations towards the fruition of the vision and mission of Alay Buhay. Alay BuhayDevelopment Company is located at 3rd Floor Criselda 1 Building 109 Scout de GuiaStreet,Bgy. Sacred Heart Quezon City, 1103 Philippines it was founded by Mr. Antonio L. Sayo with the partnership of some local government units and some government agencies. Conceptual Framework Statement of the Problem Many of the problems concern the management and employees of money lending companies today. From manual to automated system, is one way of minimizing the problems of having data loss, miscalculation, and secured record keeping of the debtors. The proposed system will have a solution for the problems. How will the proposed system be able to lessen the time and work needed to compute the loans and interests? Can this proposed system be a tool to organize the records needed by the company and data of debtors? What safekeeping measures can we create to avoid redundancy of debtors files? Significance of the Study The significance of this system with regards to the direct person which is the organic employee of the company are the following; in keeping up with the records of the companies clientele it would be easier and more accessible on their part to look it up on a computer database which is more secured and accurate than to rummage it in a manual records filing cabinet. And in keeping an up to date records of the daily transactions of the clients, the strain of manually inputting the records of the daily transactions of a particular client in the record files, it would be much easier for them to directly input the said transactions in the computerized system for the ease of record filing. With regards to the indirect person or debtors, the system will automatically give them an insight to their present loan transaction, wherein they could easily update their loan payment and their loan status; it would also give them more ample time for their other concerns by shortening the time that they will spend in manually inquiring about their loan status. The debtors will also avoid incurring penalties on their loans because the system will alert the company employees of the debtors who are delinquent in their payment of loans. It would also be an ease for the debtors to deal with the companies employees because all the concerns with regards to their loan transactions are all in real time versus the time consuming manual system that would take days to undertake a general loan status inquiry. With regards to the direct impact of the system program on the company, they will for sure attract more clients or debtors to their company because of the ease of transacting business, wherein the computer program system will assist them in all their dealings with their clientele. In terms of Human resources, the company will save time and money by employing a minimal number of employees working for them, because the computer program system in the company will always assist a particular employee in every aspect of their work, and their working conditions will not be too strenuous, because every diverse detail of it can be readily accessible on their computer system program. The company will surely reap more profits and will make a good use of their saved time in other concerns of the company because of using the system program. Scope and Delimitation Scope The proposed system, Money Lending Information System will replace the old paper based system used by Alay Buhay Development Foundation Inc The Money Lending Information System shall be used companys administrator to assess the interest or calculate the annual strain without having problem computing. The system shall be programmed and designed Visual C#. The database which will contain all the data borrower or employer will be stored and kept secure using with Microsoft SQL (MSSQL) and OLEDB will be use to connect the user-interface and database. Advance skill in Visual C# shall provide a very user-friendly interface not only in the staff but for the administrator as well. Before the step proper, the borrower or employer will ask to fill-up a simple information sheet and after the fill-up, the staff will input the information in the proposed system in order to store their credentials in the company database. Their information will be kept in the database for future references. If the borrower or employer will passed the interview and approved, the staff will input necessary information such as type of payment, how much to be borrowed, due date, interest, requirements and other important information. If the old system uses Microsoft Excel to store the borrowers information and compute the interest and payments, the proposed system can convert assessment that are made through Microsoft Excel, the staff are now exempted through manual transferring of data in the database. Emails and text messages will be received by the borrower or employer couple of days to notify them for the due dates. The proposed system will be precise and accurate for the integrity of the company. This system ought to minimize the work load from employees who would have better things to do rather than computing for a long period of time. The borrower or employer is also restricted in editing or deleting any previous content that they have already placed. Delimitation If by any chance that electrical failure or hardware malfunction occurs, the old system will always come in handy. Electrical failure may cause the computers and other gadgets to halt their processes. This means that the old pen and paper method will come in handy during this time. A hardware failure on the other hand may halt the process of the proposed system. If by any chance that the server where the system is installed does not function correctly, a system failure most likely occurs. The systems database is also limited to the maximum capacity of MSSQL and the disk space of the system where the proposed system is currently installed. The common solution is to print the contents or store it in a different media for backup. The proposed system is limited to the calculations and the display of other information. It will not handle any data manipulation such as edit and delete function for it will open the idea of staff to manipulate such an important the data. Definition of terms Loan: An arrangement in which a lender gives money or property to a borrower and the borrower agrees to return the property or repay the money. Debtor: An individual or company that owes debt to another individual or company, as a result of borrowing or issuing bonds also called obligor. Clientele: The client or customers, as of a professional person or shop, considered collectively; a group or body of clients. Lend: To grant the use of money or something else of value, with the understanding that it or something else of will be returned at a future date value. Money Lending System: is money lending application software developed to which able to process large volume of records and transaction data in companies. Interest: The fee charged by a lender to a borrower for the use of borrowed money. Lender: A private, public or institutional entity which makes funds available to others to borrow. Database: consists of an organized collection of data for one or more uses, typically in digital form. Administrator: a person for the performance or management of administrative business operations Human resources: is a term used to describe the individuals who comprise the workforce of an organization, although it is also applied in labor economics to, for example, business sectors or even whole nations. Human resources is also the name of the function within an organization charged with the overall responsibility for implementing strategies and policies relating to the management of individuals (i.e. the human resources). This function title is often abbreviated to the initials HR. User-Interface: is (a place) where interaction between humans and machines occurs. The goal of interaction between a human and a machine at the user interface is effective operation and control of the machine, and feedback from the machine which aids the operator in making operational decisions. Credentials: is an attestation of qualification, competence, or authority issued to an individual by a third party with a relevant de jure or de facto authority or assumed competence to do so. Automated System: is the use of control systems and information technologies to reduce the need for human work in the production of goods and services. In the scope of industrialization, automation is a step beyond mechanization.