The ACT Essay: A Failure& Example essay prompt

The Prompt

This new ACT essay prompts that premiered last autumn have actually been providing also top-scoring pupils a run due to their cash. This is because since the ACT is students that are now asking do far more within their essay reactions. So let’s break it down.

The ACT essay prompt consists of three primary components:

1. Introductory back ground all about a debatable problem

2. Three various views with this issue that is debatable

3. The essay task

Today the example essay prompt on the ACT’s website (which I highly suggest you check out) is about the presence of intelligent machines in our world. The essay starts with a few basic ideas and examples (the robots being now building vehicles on construction lines as soon as manned by people, the automatic checkout counters in food markets) and stops with a few rhetorical concerns to help you give consideration to.

This introduction is supposed to ensure that you both determine what the heck the perspectives are referring to and also to get the imaginative juices moving for writing, so make certain you do read it. You can easily take a moment to make use of any information you notice here as a leaping down point for the introduction or as supporting points in your essay.

Following this piece that is introductory you’ll start to see the three views. Three (rather than two) is interesting since you will not be coping with only one part that is demonstrably “for” the presssing issue plus one that is “against.” Instead, you may find two on a single side and something on the other side. More you’ll that is likely find at least among the views, if you don’t them all, is much more nuanced. Possibly it offers a different thinking for the credibility regarding the problem being talked about, or even it “approves” of this problem just in some circumstances. » Read more: The ACT Essay: A Failure& Example essay prompt

Working Capital Business Financing Sources

Working Capital business financing is never a question of why – it’s just simply a matter of when! Working capital and cash flow are of course the heart of every business. The challenges of obtaining that financing become a question of time.

Perhaps you need cash for for your regular ongoing business cycle – that’s the simple one – you buy inventory, your produce things, you sell, bill and collect. In a perfect world your suppliers give you unlimited time to pay, and unlimited credit limits. And of course your customers pay you in exactly 30 days. Guess what? It’s not a perfect world!

If you are a traditionally financed firm you have access to bank capital for revolving credit lines based on your business needs. But for a growing number of Canadian firms that access to traditional bank capital is not available. Those scenarios require a special expertise in identifying sources of business financing that work for you. The solutions actually are quite numerous – its becomes a questions of which solution works for your firm, what are the costs involved, and does the solution fit within your business model.

The business financing we are talking about can take many different forms – it might include an asset based line of credit, inventory financing or purchase order financing, a sale leaseback on unencumbered assets,, working capital term loans, or accounts receivable financing, otherwise known as factoring.

One of the most important things you can do for business financing is to ensure that the type of financing you source matches your needs. What we mean by that is that you should match short term needs with short term financing. Factoring might be a good example. If your receivables aren’t financed, and you need cash to meet inventory and supplier commitments that type of financing is immediate and addresses your needs. Why would you enter into a five year term loan at fixed payments for a short term capital need or requirement?

The best way to think of short term financing is to focus on the current assets part of your balance sheet – those items include inventory and accounts receivable typically. Those assets can quickly be monetized into a working capital facility that comes in a variety methods. The reality is that your inventory and accounts receivable grow lock step to your sales and your ability to finance them on an ongoing basis will give you access to, in essence, unlimited working capital.

There are some solid technical rules of them around how you can generate positive pricing for operating facilities. By calculating and analyzing some basic financial ratios (we call them relationships) in your financial statements you can get a strong sense of whats available in working capital business financing and what pricing might be involved. Those ratios are your current ratio, your inventory turns, your receivables turns or days sales outstanding, a, and your overall debt to worth ratio. Depending on where those final ratio calculations come in will ultimately allow your working capital financier to put your firm in a low risk, medium risk, or high risk band of pricing?

In Canada working capital rates range from 8-9% per annum to 1-2% per month, depending on what assets are financed and how they are financed.

So whats our bottom line in working capital business financing? It is simply there are alternatives available and you as a business owner of financial manager can assess those alternatives in terms of short term needs or long term needs. Pricing and solutions vary, and your ability to convey the positive aspects of your business to the working capital lender will ultimately lead to a final pricing and solution. Speak to a credible, experienced and trusted working capital business financing advisor to determine what solutions are the best for your firm.

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Think About Non-Working Partners?

A number of the calculations we’ve covered assume that you’re currently getting money. Exactly what if you’re a spouse that is non-working? Do you really nevertheless require life insurance coverage?

This will depend. You may not need life insurance on yourself if you don’t have children at home. Your spouse’s costs might not increase somewhat if perhaps you were to perish. » Read more: This article/post contains sources to products from 1 or higher of our advertisers or lovers