Ap World Chapter 14 and 15 Outline Essay - 3611 Words

AP World History Test Review: Rise of Islam and East Asia (Chapter 14 and 15) 1. Discuss the following with regards to Islam: A. FOUNDING: Islam was founded by Muhammad when he received word from Allah in a prophecy (or vision). He began life in Mecca where idolatry was a main fact of life but had to flee to Madinah to escape prosecution in what has come to be known as the Hijrah. Islam spread through his family and friends at first but later his companions known as sahabat continued his work by a number of successful conquests which spread Islam to most of the middle east. Islam reached it high point when Muhammad and his army from Madinah conquered Mecca which was later deemed to the the Holy City. B. BELIEFS: 1) Daily prayer†¦show more content†¦Banks were lending money to entrepreneurs and let also served as brokers for investments and exchanged all different currencies. Established sakk- the rook for â€Å"check.† Let merchants deal without using cash. Usually traveled in groups. HVI. AL-ANDALUS: The prosperity of Islamic Spain. Illustrated the far-reaching effects of long distance trade during the Abbasid era. HVII. INFLUENCE OF INDIA ON ISLAMIC THOUGHT: Indian mathematics grabbed the attention of places in the Dar al-Islam. Muslims found it attractive for both educational purposes and accounting. They adopted â€Å"Indian numerals,† which was later called the â€Å"Arab numerals,† since they learned it from the Arabian Muslims. Completely simplified bookkeeping. HVIII. ARCHITECTURE: Mosques in the old days were decorated beautifully with calligraphy and tile. They also had their own kind of domes that they used on the most important buildings. Used minarets. The specific geometric forms decorating the walls (known as Arabesque) represent the infinite. HIX: INFLUENCE OF CHINA ISLAMIC EMPIRE: Persia fell under Islam at an early date, especially after the Abbasid dynasty and the founding of its capital Baghdad. Persian traditions deeply influenced Islamic political and cultural leaders. Persian administrative techniquesShow MoreRelatedOverachievers by Alexandra Robbins1440 Words   |  6 PagesElsy Alfaro Mrs. Brayer Ap English Literature 5 October 2012 The Overachievers, Non-fiction Alexandra Robbins, 2006 Brief Summary and Arrangement: This non-fiction novel is categorized into seventeen clear straightforward parts: chapters one through seventeen. Chapter 1: In the first chapter Robbins introduces the students she followed along with the overachiever culture that has rearranged high schools only purpose into getting students into the most prestigious Colleges and UniversitiesRead MoreAp United States Government And Politics3650 Words   |  15 Pages2015-16 Summer Assignment: AP United States Government and Politics Teacher: Mr. Shpall (MShpall@faculty.ncjhs.org) Mr. Horne (Jeffreyhorne@alumni.usc.edu) Class Website: ncjhs.haikulearning.com Assignment Overview: There are four parts to this assignment. Each part has a specific goal to help you prepare for your AP Government and Politics class in the fall. Assignment #1 will provide you with a plethora of information regarding â€Å"politics† using great anecdotes from Christopher MatthewsRead MoreMicrosoft Word and Final Paper2737 Words   |  11 PagesJunior Theme A major goal of AP English III is to teach students to think about contemporary issues, analyze other people’s opinions about those issues, and express their own ideas in ways that are clear and convincing. Last semester’s work on argumentation gave you some of the basic skills for this. Now you need to refine those skills and focus them on a single contemporary issue that interests you. We’ll use a previous AP essay as a model for your junior theme. Essay 2 on the 2004 exam asked theRead MoreEssay about History: World War I and Bold Experiments7600 Words   |  31 Pagesof ­Industrialization, ­1877–1929 This part covers the following chapters in Henretta et al., America’s History, Seventh Edition: Chapter ­17 ­ The Busy Hive: Industrial America at Work, 1877–1911 Chapter 18 The Victorians Meet the Modern, 1880–1917 Chapter 19 â€Å"Civilization’s Inferno†: The Rise and Reform of Industrial Cities, 1880 –1917 Chapter 20 Whose Government? Politics, Populists, and Progressives, 1880 –1917 Chapter 21 An Emerging World Power, 1877–1918 Chapter 22 Wrestling with Modernity, 1918 –1929 PartRead MoreVideo Notes29279 Words   |  118 Pages |Textbook Chapters |Pages | |Operations as a Competitive Weapon at Starwood |1 |21 | |Project Management at the Phoenician |2 |24 | |Nantucket Nectars: ERP |2, 15 |27 | Read MoreArt History7818 Words   |  32 Pages• Chapter 1 Notes - Prehistoric Period o Paleolithic Period Ââ€" Old Stone Age #61607; Old and primitive period #61607; Around 50,000BC #61607; Artwork consisted of cave paintings #61607; Brutal period #61607; Average life expectancy was about 20 years o Neolithic Period Ââ€" New Stone Age #61607; Begins around 9,000BC #61607; Neolithic Revolution • Agriculture o Allows people luxury of staying in one place; stability and performance o Cornerstone of civilization • Domestic Architecture Read MoreProject Mgmt296381 Words   |  1186 PagesCross Reference of Project Management Body of Knowledge (PMBOK) Concepts to Text Topics Chapter 1 Modern Project Management Chapter 8 Scheduling resources and cost 1.2 Project defined 1.3 Project management defined 1.4 Projects and programs (.2) 2.1 The project life cycle (.2.3) App. G.1 The project manager App. G.7 Political and social environments F.1 Integration of project management processes [3.1] 6.5.2 Setting a schedule baseline [8.1.4] 6.5.3.1 Setting a resource schedule 6.5.2.4 ResourceRead MoreFundamentals of Hrm263904 Words   |  1056 Pages2 1 Brief Contents PA RT 1 Chapter 1 Chapter 2 UNDERSTANDING HRM The Dynamic Environment of HRM 2 Fundamentals of Strategic HRM 28 PART 2 Chapter 3 Chapter 4 THE LEGAL AND ETHICAL CONTEXT OF HRM Equal Employment Opportunity 56 Employee Rights and Discipline 84 PART 3 Chapter 5 Chapter 6 Chapter 7 STAFFING THE ORGANIZATION Human Resource Planning and Job Analysis 110 Recruiting 132 Foundations of Selection 154 PART 4 Chapter 8 Chapter 9 TRAINING AND DEVELOPMENT SocializingRead MoreStephen P. Robbins Timothy A. Judge (2011) Organizational Behaviour 15th Edition New Jersey: Prentice Hall393164 Words   |  1573 PagesOrganizational Behavior This page intentionally left blank Organizational Behavior EDITION 15 Stephen P. Robbins —San Diego State University Timothy A. Judge —University of Notre Dame i3iEi35Bj! Boston Columbus Indianapolis New York San Francisco Upper Saddle River Amsterdam Cape Town Dubai London Madrid Milan Munich Paris Montreal Toronto Delhi Mexico City Sao Paulo Sydney Hong Kong Seoul Singapore Taipei Tokyo Editorial Director: Sally Yagan Director of Editorial Services:Read MoreHuman Resources Management150900 Words   |  604 PagesCHAPTER 1 Changing Nature of Human Resource Management After you have read this chapter, you should be able to: ââ€"  Identify four major HR challenges currently facing organizations and managers. List and define each of the seven major categories of HR activities. Identify the three different roles of HR management. Discuss the three dimensions associated with HR management as a strategic business contributor. Explain why HR professionals and operating managers must view HR management as an

Essay On Physical Server - 755 Words

Physical Servers Servers play a fundamental role and are very important part of the Information Technology infrastructure of an organization. Most of the IT activities taking places in an organization such as security, billings and orders are being handled by servers. A server can be defined as a physical computer, device or a program with full dedication in managing the network resources. Irregardless of the type of the server being utilized, a server machine with special hardware specifications is required to perform the demanding tasks. Advanced servers normally utilize RAID (Redundant Array of Inexpensive Disks) as their storage system for data. RAID storage system is consisting of many storage disks which are configured to work as†¦show more content†¦Migration of Data: this type of migration is deployed when the organization wants to change the vendor of their databases, upgrading their databases software or when they are moving their databases to the cloud services. Migration of Applications: this type of migration is basically deployed when the organization is changing or switching to another platform or moving to a different vendor application. The Security Concept (CIA Triad): CIA triad is a typical security model that defines the tree major goals that must be met in ensuring the security of information. According to this model, there are three factors that contribute majorly on the security of information. These factors are confidentiality, integrity and availability. Confidentiality: this entails protecting information from being accessed by the un-authorized parties. Confidentiality ensures that only the authorized parties can be permitted to gain access to certain information. Integrity: this factor ensures that the accuracy of the data remains consistent and the data should not be altered or modified by any un-authorized party. Integrity in CIA triad makes sure that no un-authorized change of the data takes place when storing and transmitting the information. Availability: the availability factors makes sure that the information is available and accessible to the intended party and they can access that information when they want. As part of the securityShow MoreRelatedOperations Management986 Words   |  4 Pagesoutputs, (http://csuponoma.edu/weber). A Firm can either produce or provide a good or a service. A good is a tangible physical product. A good can be moved and delivered, touched, felt, seen, tasted, for example an apple, shoe or digital camera. On the other hand, a service is intangible, which meant that it cannot be touched, seen or felt, for example, MANCOSA MBA programme. This essay will look at Malawi Switch Centre (MALSWITCH) Service Company and Malambe Khathi Khathi good company. MALSWITCH isRead MoreProject : My Capstone Project1003 Words   |  5 PagesJulius Ford Mr.Christian 4th April 2, 2015 Capstone Project Essay My capstone project essay will be reviewing basic networking involving IP addressing, network configurations, hardware and cabling. I will also discuss different type of networks, cables and user software. In my essay I will also discuss the TCI/IP networks which are short terms for trustworthy computing initiative and internet protocol. In order to communicate among computers you need software network operating system and thisRead MorePT2520 Week 4 Essay 4142015678 Words   |  3 Pagesï » ¿ PT1420 WEEK 4 ESSAY Implementing Physical Design Max Haney 4/14/2015 PT Oracle 11G MySQL IBM DB2 Microsoft SQL Server 2008 Operating Systems Supported Runs on Windows, Linux, and Unix operating systems Unix Linux, Windows, OS X, IOS, BSD, Amigos, Symbian, z/OS, IOS, Android Unix Linux, Windows, OSX, IOS Windows Interface Supported API GUI SQL GUI SQL GUI SQL GUI SQL Stored Procedures basic PL/SQL block structure API Remote physical table, STOCK. Transact-SQL Latest StableRead MoreCloud Computing And Ethics And Code Of Professional Conduct1253 Words   |  6 PagesLicklider in sixties (Mohamed 2009). Cloud computing has developed since then and started to server the publics after internet offered a significant bandwidth in the nineties (Mohamed 2009). Cloud computing has been through many different phases and is still rapidly evolving. There is no doubt that the cloud computing brings significant change and influence to the world. It also raises numerous ethical issues. This essay will discuss the ethical issues regarding Cloud computing in line with Australian ComputerRead MorePaypal : Paypal Information System1720 Words   |  7 Pagesfurther analyzed than was done in previous essays. The software and hardware requirements will be discussed in detail over the next few paragraphs. The complexity of the PayPal information system is something that can be looked over by many users. It is something that has been around for many years and continues to evolve into something even bigger each year. Server-Side Hardware Requirements The PayPal information system is one of the largest server farms to ever be created to host the large amountsRead MoreJst Any1257 Words   |  6 Pages5 Hours Total Number of Questions: 25 Total Number of Pages (incl. this page): 9 DIRECTIONS TO CANDIDATES 1. 2. Total marks: 100 Answer ALL questions from parts 1 and 2. Part 1 contains 20 questions for a total of 20 points. Part 2 contains 4 essay questions for a total of 60 points. Part 3 contains a short case study and is worth 20 points. This exam is worth 25% of your final grade for COM 110. 3. LAPTOPS/BOOKS/NOTES ARE NOT ALLOWED THIS EXAM PAPER MUST NOT BE REMOVED Page 1 of 9 Read MoreLong Term Effects of Alchool818 Words   |  4 PagesKeith McGrenaghan 12th Grade Alcohol essay The Long-Term Effects of Alcohol Use Alcohol is primarily absorbed through the stomach and the small intestines. It is considered a food because it has calories, but does not need to be digested and proceeds directly into the body through the digestive system. After ingestion it is carried through the blood stream and crosses the bloodÂâ€"brain barrier, at which time impairment begins. A greater amount of ingestion causes greater impairment to theRead MoreHow Technology Has Continuously Improved Computer Hardware Devices1432 Words   |  6 Pagesnetwork and is sent to the destination user who will have a â€Å"decipher† key that will enable them to open the message (Entrust, n.d.). There is more to this process, but because it is not a hardware device this will need to be discussed in another essay. Now, data is not always sent and is required to be stored on the computer for a certain amount of time, but sometimes there is not enough storage capacity to hold allow the data. There external hardware devices use d more often than not to either freeRead MoreImpact Of The Migration Of The Excising Server And Client Operating System1671 Words   |  7 Pagesmigration of the excising server and client operating system to the cloud platform 3 Best practice approach for successful system migration 5 Before migration 5 During migration 6 After migration 6 Migrating user account from one user database 7 Conclusion 7 Reference 8 Summary Cloud computing turning out to be all the more broadly used, it is essential for associations to comprehend approaches to expand advantages and minimize dangers of a move to the cloud. The theme of this essay is to discuss aboutRead MoreRegulation on Cloud to Protect User Privacy1700 Words   |  7 PagesRegulation on Cloud to Protect User Privacy This essay writes about regulation that rules cloud provider to protect privacy of data citizens within country. First of all, this essay will describe about what cloud services that used nowadays, its wide range of services, and users motivation why they would use cloud services. In the second section, it will explain more about the security threat of cloud services and going more specific into privacy issue. The next section, I will discuss about the

4 Step Process free essay sample

Step 1 aâ‚ ¬ Identify the area of law This four step process refers to liabilities of an agent. The case involves an agent called Tim Jones who represents an anonymous seller of chocolate products. Tim arranges a contract with ABC Foods Pty Ltd for the supply of chocolates to the various shops of ABC. Tim fails to notify his principle of the contract hence the supply of chocolates is never produced. ABC is trying to sue Tim for non-performance under the terms of the contract. This process will advise Tim of his position and the options he may have. Step 2 aâ‚ ¬ Explain the law John D Maltas (2008, 18) describes agency in a legal sense as a relationship which exists between two parties whereby one (the agent) is authorised by the other (the principle) to do, on his/her behalf. The agent receives an extension or grant of the contractual powers of the principal. The principle would then determine the limits of the agentaâ‚ ¬Ã¢â€ž ¢s authority. Many business matters are conducted through the instrumentality of an agent. An agent is usually employed to bring about a contractual relationship between the principal and a third party. A Principle will be bound by what the agent does on the principalaâ‚ ¬Ã¢â€ž ¢s behalf provided that the agent has acted within the scope of his/her authority. An agency relationship can be created in one of four ways. Express agreement, implied agreement, operation of law and ratification. Express agreement is a contract, oral or written which contains the intentions of the involved parties in words. Implied agreement can be effective in two situations; if actual authority implies it or if it is implied via estoppel. In the case Australia and New Zealand Bank Ltd v Ateliers de Constructions Electrocutes de Charleroi [1967] 1 AC 86 held that an agent duly appointed to act for the principal in certain business dealings, had actual implied authority to open a bank account to give effect to the businesses arrangements. Estoppel is to remedy injustice that would flow if one person who represented something to another were able to withdraw from that representation with immunity. Operation of law occurs when in situations of emergency, presumed authority to act as an agent. Ratification is when a principle agrees with an unauthorised act done on his/her behalf by an agent. The nature and scope of agents authority is broken into two parts; actual authority and apparent authority. Actual authority can either be expressed verbally and or in writing or it can be implied. An example of expressed actual authority would be when a principle ives an agent a specific instruction to enter into a contract to purchase a particular piece of land at a given price, or to sell a specific item under the principles name. Implied actual authority usually permits an agent to do everything necessary for, and ordinarily incidental to, carrying out his/her express authority. The apparent or ostensible authority is the authority of the agent as it appears from a 3rd party. If an agent is acting outside of their actual authority the agent will be held liable to the principal. When an agent discloses the name of the principal, the contract is deemed to be that of the principal, and the agent is not liable on the contract except where: the agent contracts outside the scope of his/her actual or apparent authority in which case he/she will be liable for damages for a breach of warranty of authority or if the agent agrees he/she is liable. The agent is also liable if he/she contracts by deed in their own name or if the principal is nonexistent. When the agent signs a bill of exchange or written contract in his/her name without identifying him/her as an agent, then he/she will be personally liable on the bill of exchange or contract. As stated in John D Maltas (2008, 45) the general rule is that where an agent discloses the fact that a principal exists but the name of the principal has not been disclosed, the agentaâ‚ ¬Ã¢â€ž ¢s liability is the same as where the name has been disclosed. If the third party contracts knowing there is a principal but does not ascertain the principalaâ‚ ¬Ã¢â€ž ¢s name, the third party cannot sue the agent. In other words the agentaâ‚ ¬Ã¢â€ž ¢s liability is the same provided he/she contracts as an agent whether or not the principals name is disclosed or not. Where an agent contracts in his/her name without disclosing the existence of an agency contract, the agent becomes personally liable on the contract. An agent is under a duty not to exceed the scope of his/her authority. So long as this is not done an agent will not be personally liable to persons with whom he/she deals. Where the agent either expressly or impliedly represents that he/she has authority to enter into a particular transaction and a third party relies upon such representation, the agent is taken to have warranted that such representation is true. In the case of such a warranty being untrue, the agent is liable in damages for breach of warranty. However a principal is liable for the tortuous acts of his/her agent where these have been committed within the scope of the actual or apparent authority under the agency. A principal will not be liable for n agentaâ‚ ¬Ã¢â€ž ¢s fraud where the agent was not authorised to do the act or where the act was not within the class of acts that an agent was usually authorised to do. In order to escape liability the principal must show that he/she did nothing to represent that the agent had authority to do the act. The general position with reference to liability to the principal is that an agent is an intermediary who is employed to negotiate a transac tion(s) on behalf of a principal with another party in order to affect a contact between them. Generally the agent incurs no liability against the principal with regard to the contract. Where an agent, however, disobeys the instructions of the principal, such an agent will be liable for any losses suffered by the principal as a result of breach of the agency agreement. There are a few primary factors in which the agent must obey to prevent acting outside of the agency agreement. These factors are; to follow the principalaâ‚ ¬Ã¢â€ž ¢s instructions, to act in good faith, to make full disclosure of any personal interest, to not make a secret profit and to exercise reasonable skill and care. If any one of these duties of an agent is broken, the agent will likely become liable for damages caused. When following the principals instructions, every agent must act in person and apart from the express or implied authority of the principal, an agent has no authority to delegate his/her duties as an agent to another. This is to ensure that the principal may rely upon the agentaâ‚ ¬Ã¢â€ž ¢s skill or knowledge to be used on his/her behalf. An agent must also act in good faith, which means the agent has a duty to make a full disclosure of any personal interest and not make a secret profit in any agency deals. The agent and principal share a fiduciary relationship and there are obligations of trust and confidence which imposes on a person in circumstances where that person, the fiduciary, is bound to act for the benefit of another, the principal. The agent is under a duty in all cases to act in the interests of the principal and must not allow his/her own interests to conflict with those of the principal. An agent must make full disclosure all the material circumstances of what he/she is aware of, which might influence the principal when entering in to any material negotiation. An agent who is employed for remuneration is presumed to have and is bound to exercise such skill, care and diligence in the performance of the undertaking on behalf of the principal. Where a person asks an insurance agent to obtain insurance and the agent agrees to do so, the agent assumes a duty to exercise the reasonable degree of care and skill appertaining to the insurance industry. If the agent fails to exercise the requisite care and skill in carrying out the terms of the contract of agency, then the agent will be liable to the principal for the loss sustained by the latter as a result of the agentaâ‚ ¬Ã¢â€ž ¢s breach of duty. Step 3 aâ‚ ¬ Apply the law In the Tim Jones vs. ABC Foods Pty Ltd case, the information provided establishes an agency relationship exists between Tim Jones as agent for Henry Phillips, a supplier of chocolate products. This establishes that Tim has been authorised by Henry (the principle) to do the selling of goods, on his behalf. Tim received an extension of the contractual powers of Henry (the principal), in his capacity as agent. It appears that Tim Jones was working lawfully to bring about a contractual relationship between the principal (Henry) and a third party (ABC Foods Pty Ltd). There has not been enough information provided to establish the exact details of the creation of the agency relationship, but clearly tim was working under authority of an express or implied agreement. An express agreement is a contract, oral or written which contains the intentions of the involved parties in words. Implied actual authority usually permits an agent to do everything necessary for, and ordinarily incidental to, carrying out his/her express authority. If an agent is acting outside of their apparent authority the agent may be held liable. The apparent or ostensible authority is the authority of the agent as it appears to a 3rd party. Tim was working within the nature and the scope of his actual and apparent authority. Henry allowed Tim to be the agent for the selling of chocolate products. Tim has demonstrated that he has acted within his apparent powers of his agency agreement. Tim disclosed the presence of an anonymous principal (Henry) hence the contract is deemed to be that of the principal, and the agent is not liable on the contract. However if Tim is proven to operate in a manner outside of the scope of his apparent authority, he will be liable for damages for a breach of warranty of authority. Tim has abided by all of the apparent authority requirements. The general rule states, it was fine for Tim to disclose the fact that a principal exists even if he decided to remain anonymous, the agentaâ‚ ¬Ã¢â€ž ¢s liability is the same as if the name had been disclosed. If the third party contracts knowing there is a principal but does not ascertain the principalaâ‚ ¬Ã¢â€ž ¢s name, ABC Foods Pty Ltd cannot sue Tim on those grounds. In other words Timaâ‚ ¬Ã¢â€ž ¢s liability is the same provided he contracts as an agent whether or not Henryaâ‚ ¬Ã¢â€ž ¢s name is disclosed or not. Generally Tim would incur no liability against the principal with regard to the contract. However, if it can be proven that Tim disobeyed the instructions of the principal, Tim will be liable for any losses suffered by the principal as a result of breach of the agency agreement. Tim must prove that he has acted in good faith, made full disclosure of personal interest, not made any secret profits and that he has exercised reasonable skill and care. Tim followed the principals instructions, every agent must act in person and apart from the express or implied authority of the principal, Tim has no authority to delegate his/her duties as an agent to another. This is to ensure that Henry can rely upon Timaâ‚ ¬Ã¢â€ž ¢s skill or knowledge to be used on his behalf. With the information provided, it can only be assumed that Tim acted in good faith as there did not appear to be any personal benefit for the agent and the contract organised was in the best interest of his principal (Henry). Not enough information is given to make an assumption as to wether any of the money was taken as a secret profit but it could easily be reconciled. Tim had a duty to make full disclosure to Henry of all the material circumstances of what he was aware of. Tim not informing Henry of the number of chocolates ABC required demonstrates a breach of full disclosure. If Tim wanted to remove his liability he would have to prove that he acted bona fide and also that he made a full disclosure of all the material facts. An agent who is employed for remuneration is presumed to have and is bound to exercise such skill, care and diligence in the performance of the undertaking on behalf of the principal. Failing to inform Henry of the contract with ABC Foods Pty Ltd demonstrates a lack of skill and care in the performance of his work. When Henry asked Tim to be his chocolate agent and when Tim agreed, Tim assumed a duty to exercise the reasonable degree of care and skill appertaining to the chocolate industry. Tim failed to exercise the requisite care and skill in carrying out the terms of the contract of agency. Tim will be liable to the principal for the loss sustained by the chocolate supplier as a result of the agentaâ‚ ¬Ã¢â€ž ¢s breach of duty. In the case Aliotta v Broadmeadows Bus Services Ltd (1988) A. T. P. R. 40-873 the defendantaâ‚ ¬Ã¢â€ž ¢s agent, during negotiations of a sale of property did not tell the 3rd party that parts of the lease were subject to council approval. The court held that his was misleading conduct as the agent had a duty to disclose all material information. The case is very similar to the one Tim is facing in the way Tim withheld vital information that affected the contract of goods. Step 4 aâ‚ ¬ Conclusion In conclusion Tim will not be liable to the third party as he demonstrated he acted within his apparent authority and he disclosed the presence of his anonymous principal. However! Tim will be held liable for the damages caused to his principal (Henry) because he did not act within his duties as Henryaâ‚ ¬Ã¢â€ž ¢s agent due to misleading conduct and not disclosing all material information.

Net Present Value and Papa Geo free essay sample

The restaurant would be located in Orlando, Florida and would majorly target middle to lower-middle class families with children, as well as adults and seniors, thus making it a friendly and family place. The major product and service provided by the restaurant would be Italian food served buffet style with an all-you-can-eat format with a lot of variety including a salad bar, pizza, several different types of pasta with three or four types of sauces, soup, desserts, and a self-serve soda bar. There would also be a gaming area within the restaurant with gaming machines installed which would be of interest to children. The business would provide wholesome and fresh food, in a simple format, with very good prices and is located in a densely populated area, all of which would help the restaurant to do well and establish itself as a popular and profitable business. * * * Also, provide a second paragraph which describes how the budget supports the company’s strategy. We will write a custom essay sample on Net Present Value and Papa Geo or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page * * Finally, provide a third paragraph where you summarize the key points from your budget, including the planning horizon, the amount of up-front investment, the NPV, Payback and IRR of the project, as well as key figures from your income statement, cash flow statement, and balance sheet. * Remember, this is not a thesis or introduction of what you will talk about – it contains the major, specific content of each section. The second and third paragraph should be written after you have completed all other sections of this template. * * As you complete sections of this template, please remove all italicized text in all sections of this template and replace it with your own or you will lose points! * * 2. 0 Sales Forecast 2. 0 Sales Forecast * * This section forecasts the sales of Papa Geo’s restaurant over a five-year period. Section 2. 1 gives the estimated sales figures and a brief explanation on the changes in these figures over the planning period. * Section 2. 2 delves into the details of how this sales estimate has been arrived at, calculations involved and the methods and assumptions used in the process. * Overall, this section is useful is providing an estimate of how much the restaurant can make in sales, given its internal specifics and external environment. * 2. 1 Sales Forecast * * The yearly sales forecast for Papa Geo’s restaurant is given below. In $ | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Sales | 933,504. 00 | 1,555,840. 00 | 1,616,517. 76 | 1,679,561. 95 | 1,745,064. 87 | * My methods and assumptions for arriving at the sales figures in the table are detailed in section 2. 2 The sales figure estimated per my calculations is taken as the sale figure for Year 2. This is because the sales figure arrived at from the calculations cannot be assumed to be sales for Year 1 as the restaurant might not be able to realize its full potential and attract the estimated number of customers from day one itself. Also, teething problems with marketing, operations etc might not lead to optimum sales. Therefore, we will project only 60% of this figure as first year sales and use the estimated figure as the sales figure for Year 2. Over the planning period, starting from Year 2 onwards, sales are expected to grow at a rate of 3. 9% every year, in line with industry estimates of the average growth of the restaurant industry in the US (Source: Mintel International, cited in section 6. 0). * * 2. 2 Methods and Assumptions * According to the brief given on Papa Geo’s restaurant, there are about 10,000 families living within 15 minutes of the restaurant. Of these, between 3% and 5% are rich households (Phoenix marketing international, Wikipedia) and it is assumed that another 15% comprise of high income and upper middle class households. That leaves about 80% of the 10000 families in the area,that are the target market for the restaurant. * * According to a research paper (in restaurant. org), American families eat out about 4 times a week. However, considering that our target market comprises of mostly middle and lower income families, I’ve assumed that they eat out only about 2 times a week on an average. This means that, about 16000 families [(80%*10,000)*2] eat out in a week in that area in Ohio, Florida. * * In terms of competition, although it is mentioned that McDonalds, Taco Bell and Wendy’s operate in the area, we assume there are other small places that people might visit to eat out. Also, people might venture out beyond their areas to eat out. Keeping these in mind, we’ve assumed that these four places (Papa Geo’s, McDonald’s, Taco Bell and Wendy’s) will be able to capture only about 85% of these families. (16000*85%=13600/week). Of these four places, since the others are fast food and fast food restaurants generally command a larger footfall than other format restaurants we assume the following about their share in the pie of families: Taco Bell: 30%, McDonald’s: 30%, Wendy’s: 30% and Papa Geo’s: 10% * * i. e, Papa Geo’s can expect to capture 1360 (10%*13600) families per week. Since this is a family dining place, we make another assumption about the composition of the family. We assume that out of a family of 4, two are kids and two adults. Which means that about 2720 (1360*2) kids and 2720 adults (1360*2) will eat from Papa Geo’s per week. * * Given that a meal (including drinks) cost about $7, we make the following assumptions: * Adults visiting the restaurant will have meals (@ $7), on an average. * Kids visiting the restaurants with their families will make a bill of about $4 per head. Given this, we now estimate the weekly sales for adults and kids. Therefore, d * Sales from Adults per week: 2720*7 = 19040 * Sales from Kids per week: 2720*4 = 10880 * * Now, the total sales (both adults and kids, as part of families) per week can be estimated at: 19040+10880 = $29920 * Therefore, average sales per year = 1,555,840 * The sales figure estimated by these calculations is taken as the sale figure for Year 2. This is because the sales figure arrived a t from the calculations cannot be assumed to be sales for Year 1 as the restaurant might not be able to realize its full potential and attract the estimated number of customers from day one itself. Also, teething problems with marketing, operations etc might not lead to optimum sales. Therefore, we will project only 60% of this figure as first year sales, and use the estimated figure as the sales figure for Year 2. Over the planning period, starting from Year 2 onwards, sales are expected to grow at a rate of 3. 9% every year, in line with industry estimates of the average growth of the restaurant industry in the US (Source: Mintel International, cited in section 6. 0). * * * * * * * * * * * * * * * * * * 3. Capital Expenditure Budget 3. 0 Capital Expenditure Budget * * Capital Expenditure Budget: * Item| Cost| Quantity| Total cost| Source| Notes and Assumptions| Cost of registering a business| 300| | 300| ehow. com| Cost of registering includes: actual cost of registering ($70), legal fees and misc expenses (approx $230)| Renovation of facility| 15000| 1| 15000| Given| This includes all kinds of beautification etc that the restaurant needs to start operations| Soda fountain ba r| 3621| 1| 3621| Soda-dispenser. om| Prices quoted may or may not be the same at later dates| 2 pizza ovens| 849| 2| 1698| ebay| Prices quoted may or may not be the same at later dates| salad and Pizza/dessert bar| 1450| 1| 1450| ebay| Prices quoted may or may not be the same at later dates| Commercial Refrigerator| 3529| 1| 3529| Coldtechcommercial. com| Prices quoted may or may not be the same at later dates| Cash Register| 170| 2| 340| ebay| Prices quoted may or may not be the same at later dates| Video game vending machine| | | | | | Type 1| 550| 2| 1100| ebay| Prices quoted may or may not be the same at later dates| Type 2| 750| 2| 1500| ebay| Prices quoted may or may not be the same at later dates| Laptop for management| 275| 1| 275| ebay| Laptop purchased with Warranty, Price quoted may or may not be the same at later dates| desk for mgmt| 25| 1| 25| ebay| Prices quoted may or may not be the same at later dates| Staff Microwave| 319| 1| 319| ebay| Prices quoted may or may not be the same at later dates| Staff cupboard| 100| 1| 100| Assumed| | taff refriferator| 700| 1| 700| ebay| Prices quoted may or may not be the same at later dates| Tables for the restaurant| 279| 20| 5580| tableschairsbarstools. com| Prices quoted may or may not be the same at later dates| Chairs for the restaurant| 55| 80| 4400| restaurant-services. com| Prices quoted may or may not be the same at later dates| Busing cart for restaurant| 50| 1| 50| ebay| Prices quoted may or may not be the same at later dates| Commercial dishwasher| 2500| 1| 2500| ebay| Prices quoted may or may not be the same at later dates| Restaurant signage| 124| 1| 124| brightledsigns. om| Although this is a form of advertising, this wouldnt be considered as an operating cost given the long term (more than a year) nature of its use| Total| Â  | Â  | 42611| | | * * The above table provides an estimate of the capital budget required for Papa Geo’s restaurant. For each item, sources and assumptions used are explained towards the right side of the table. Other generic assumptions beyond those already mentioned are provided below: * Miscellaneous cooking and handling equipment cost will be considered operational expenses and will not be capitalized given the short term (less than a year) use of such assets.