Quote of the Day
If all the rich people in the world divided up their money among themselves
there wouldn't be enough to go around. - Christina Stead
SATBIR SINGH
PRESIDENT
MEMBER JAB WE MET CA
REDEFINING PROFESSIONALISM……
************"LEADERS ARE THE READERS,READERS ARE THE LEADERS*************
Wednesday, August 20, 2008
commercial paper
Term of the Day - commercial paper
An unsecured obligation issued by a corporation or bank to finance its
short-term credit needs, such as accounts receivable and inventory.
Maturities typically range from 2 to 270 days. Commercial paper is
available in a wide range of denominations, can be either discounted or
interest-bearing, and usually have a limited or nonexistent secondary
market. Commercial paper is usually issued by companies with high credit
ratings, meaning that the investment is almost always relatively low risk.
SATBIR SINGH
PRESIDENT
MEMBER JAB WE MET CA
REDEFINING PROFESSIONALISM……
************"LEADERS ARE THE READERS,READERS ARE THE LEADERS*************
An unsecured obligation issued by a corporation or bank to finance its
short-term credit needs, such as accounts receivable and inventory.
Maturities typically range from 2 to 270 days. Commercial paper is
available in a wide range of denominations, can be either discounted or
interest-bearing, and usually have a limited or nonexistent secondary
market. Commercial paper is usually issued by companies with high credit
ratings, meaning that the investment is almost always relatively low risk.
SATBIR SINGH
PRESIDENT
MEMBER JAB WE MET CA
REDEFINING PROFESSIONALISM……
************"LEADERS ARE THE READERS,READERS ARE THE LEADERS*************
MISCOMMUNICATION
************"LEADERS ARE THE READERS,READERS ARE THE LEADERS*************
MARKUP
Term of the Day
For Wednesday, August 20, 2008
markup
Definition 1
Budgeting: Line-by-line review of a budget for approval, disapproval, or
modification by a committee formed for the purpose.
Definition 2
Distribution: Difference in prices at different stages (price points)
between a producer and the ultimate buyer.
Definition 3
Pricing: Amount added to the cost price of an item to cover incidental
costs (interest, labor, taxes, utilities) and to provide for profit in the
item's selling price.
markup is in the Accounting & Auditing, Advertising, Marketing, & Sales,
Distribution & Logistics and Planning & Scheduling subjects.
markup appears in the definitions of the following terms: rich text format
(RTF), principal basis, Ramsey pricing, inventory turnover and vendor
analysis.
This content can be found on the following page:
http://www.businessdictionary.com/definition/markup.html
************"LEADERS ARE THE READERS,READERS ARE THE LEADERS*************
For Wednesday, August 20, 2008
markup
Definition 1
Budgeting: Line-by-line review of a budget for approval, disapproval, or
modification by a committee formed for the purpose.
Definition 2
Distribution: Difference in prices at different stages (price points)
between a producer and the ultimate buyer.
Definition 3
Pricing: Amount added to the cost price of an item to cover incidental
costs (interest, labor, taxes, utilities) and to provide for profit in the
item's selling price.
markup is in the Accounting & Auditing, Advertising, Marketing, & Sales,
Distribution & Logistics and Planning & Scheduling subjects.
markup appears in the definitions of the following terms: rich text format
(RTF), principal basis, Ramsey pricing, inventory turnover and vendor
analysis.
This content can be found on the following page:
http://www.businessdictionary.com/definition/markup.html
************"LEADERS ARE THE READERS,READERS ARE THE LEADERS*************
GOLDEN QUOTE
When people cannot stand by you because they do not understand you, God
will stand by you.
will stand by you.
************"LEADERS ARE THE READERS,READERS ARE THE LEADERS*************
Quote
Quote of the Day
It's one of the ironies of investing. The rich can afford to take risks,
but they don't need to. The poor need to take risks, but they often can't
afford to. - Jonathan Clements
SATBIR SINGH
PRESIDENT
MEMBER JAB WE MET CA
REDEFINING PROFESSIONALISM……
************"LEADERS ARE THE READERS,READERS ARE THE LEADERS*************
It's one of the ironies of investing. The rich can afford to take risks,
but they don't need to. The poor need to take risks, but they often can't
afford to. - Jonathan Clements
SATBIR SINGH
PRESIDENT
MEMBER JAB WE MET CA
REDEFINING PROFESSIONALISM……
************"LEADERS ARE THE READERS,READERS ARE THE LEADERS*************
letter of intent
Term of the Day - letter of intent
A letter from one company to another acknowledging a willingness and
ability to do business. A letter of intent is most often issued as
acknowledgment of the fact that a merger between companies or an
acquisition is being considered seriously. Sometimes, a letter of intent
may also be issued by a mutual fund shareholder to indicate that he/she
would like to invest certain amounts of money at certain specified times.
In exchange for signing a letter of intent, the shareholder would often
qualify for reduced sales charges. A letter of intent is not a contract and
cannot be enforced, it is just a document stating serious intent to carry
out certain business activities.
SATBIR SINGH
PRESIDENT
MEMBER JAB WE MET CA
REDEFINING PROFESSIONALISM……
************"LEADERS ARE THE READERS,READERS ARE THE LEADERS*************
A letter from one company to another acknowledging a willingness and
ability to do business. A letter of intent is most often issued as
acknowledgment of the fact that a merger between companies or an
acquisition is being considered seriously. Sometimes, a letter of intent
may also be issued by a mutual fund shareholder to indicate that he/she
would like to invest certain amounts of money at certain specified times.
In exchange for signing a letter of intent, the shareholder would often
qualify for reduced sales charges. A letter of intent is not a contract and
cannot be enforced, it is just a document stating serious intent to carry
out certain business activities.
SATBIR SINGH
PRESIDENT
MEMBER JAB WE MET CA
REDEFINING PROFESSIONALISM……
************"LEADERS ARE THE READERS,READERS ARE THE LEADERS*************
GOLDEN QUOTES
"NATURE GAVE YOU FACE , BUT YOU HAVE TO PROVIDE THE EXPRESSION"
SATBIR SINGH
PRESIDENT
JAB WE MET CA
REDEFINING PROFESSIONALISM……
************"LEADERS ARE THE READERS,READERS ARE THE LEADERS*************
SATBIR SINGH
PRESIDENT
JAB WE MET CA
REDEFINING PROFESSIONALISM……
************"LEADERS ARE THE READERS,READERS ARE THE LEADERS*************
Lessons From Phelps Life
|--------------------------------------------------------------------------|
|At 23, Michael Fred Phelps has become an international sporting sensation.|
| |
|The young American swimmer has smashed seven world records and won eight |
|gold medals at the Beijing [Images] Olympics [Images], the first athlete |
|ever to secure first place so many times at a single Olympics Games. |
| |
|Given his success, it's easy to slot Phelps into the 'born achievers' |
|category -- at 23, he's established a glorious career doing what he loves |
|best, he's a millionaire, a world record-holder and the pride of his |
|nation. |
| |
|But hold on a minute -- is Michael Phelps really a born achiever? |
| |
|He may beg to differ. |
| |
|At the age of seven Phelps, the youngest of three children, was diagnosed |
|with Attention-Deficit Hyperactivity Disorder. For those not familiar with|
|the condition, ADHD is a childhood condition characterised by constant |
|activity, impulsive behaviour and the inability to focus one's attention |
|on anything for a short span of time. |
| |
|ADHD is treated with therapy and medication, but is not classified as |
|curable -- as per information on the website WebMd.com, about 60 percent |
|of afflicted kids carry the condition into adulthood. |
| |
|To help release his pent-up energy and to emulate his older sisters who |
|were also accomplished swimmers, Phelps took up swimming, starting to |
|outshine his peers right from the start. |
| |
|At the age of nine, Michael's parents divorced. His mother brought up all |
|three children single-handedly, encouraging them to follow their dreams at|
|all costs -- one middle-school teacher even told Michael's mother he would|
|never be a success. |
| |
|But successful Phelps is, and how. |
| |
|Yes, there are the occasional set-backs. Like the time back in 2004 when |
|Phelps, then 19, was arrested for driving under the influence of alcohol. |
|He was under the legal drinking age limit of 21 in any case and to top it |
|he was driving in an inebriated state. A repentant Phelps pleaded guilty |
|and was sentenced to 18 months probation, saying in court, "I recognise |
|the seriousness of this mistake. I've learned from this mistake and will |
|continue learning from this mistake for the rest of my life." |
| |
|So who is Michael Phelps? He was a regular kid who struggled with an |
|irregular condition and the divorce of his parents. He's young, he excels |
|at what he does and like the rest of us, slips up once in a while. |
| |
|And what life lessons do his struggles and successes hold for us? |
| |
| |
|Deal with your own issues effectively -- Michael certainly dealt with ADHD|
|and his parents' divorce that way. His mother helped him cope up with his |
|condition and channeled his energy into what he loved. |
| |
|Cut out the drama -- Michael's story is inspirational but at the same |
|time, neither the young man nor his family have exploited their |
|experiences to sensationalise his life. They've told it like it is. |
| |
|Zero in on your strengths and overcome your weaknesses -- He was less than|
|an average student at school, but Michael was a passionate and dedicated |
|student of his sport. The young swimmer is known to have studied tapes of |
|his races over and over, zeroing in on mistakes and working towards |
|bettering himself constantly. Excellent is still not good enough. |
| |
|Remain focused on your goals -- At the Athens Olympics back in 2004, |
|Phelps was beaten by teammate Ian Crocker beat in the 100m butterfly. He |
|put up a poster of Crocker in his room to motivate him and keeps a list of|
|his career goals beside his bed. |
| |
|Pursue what you love with passion and put in a genuine effort -- Phelps' |
|dedication to swimming was apparent back when he was nine and began to |
|break national records in his age group. His commitment to what he does |
|has grown with him. |
| |
|It's not just his career and his unbelievable performance at the Olympics |
|that classify Phelps as a winner -- it's his story of inspiration that |
|makes him a real champion, a youth icon, somebody to look up to. |
| |
|SATBIR SINGH |
|PRESIDENT |
|MEMBER JAB WE MET CA |
|REDEFINING PROFESSIONALISM…… |
| |
|--------------------------------------------------------------------------|
************"LEADERS ARE THE READERS,READERS ARE THE LEADERS*************
|At 23, Michael Fred Phelps has become an international sporting sensation.|
| |
|The young American swimmer has smashed seven world records and won eight |
|gold medals at the Beijing [Images] Olympics [Images], the first athlete |
|ever to secure first place so many times at a single Olympics Games. |
| |
|Given his success, it's easy to slot Phelps into the 'born achievers' |
|category -- at 23, he's established a glorious career doing what he loves |
|best, he's a millionaire, a world record-holder and the pride of his |
|nation. |
| |
|But hold on a minute -- is Michael Phelps really a born achiever? |
| |
|He may beg to differ. |
| |
|At the age of seven Phelps, the youngest of three children, was diagnosed |
|with Attention-Deficit Hyperactivity Disorder. For those not familiar with|
|the condition, ADHD is a childhood condition characterised by constant |
|activity, impulsive behaviour and the inability to focus one's attention |
|on anything for a short span of time. |
| |
|ADHD is treated with therapy and medication, but is not classified as |
|curable -- as per information on the website WebMd.com, about 60 percent |
|of afflicted kids carry the condition into adulthood. |
| |
|To help release his pent-up energy and to emulate his older sisters who |
|were also accomplished swimmers, Phelps took up swimming, starting to |
|outshine his peers right from the start. |
| |
|At the age of nine, Michael's parents divorced. His mother brought up all |
|three children single-handedly, encouraging them to follow their dreams at|
|all costs -- one middle-school teacher even told Michael's mother he would|
|never be a success. |
| |
|But successful Phelps is, and how. |
| |
|Yes, there are the occasional set-backs. Like the time back in 2004 when |
|Phelps, then 19, was arrested for driving under the influence of alcohol. |
|He was under the legal drinking age limit of 21 in any case and to top it |
|he was driving in an inebriated state. A repentant Phelps pleaded guilty |
|and was sentenced to 18 months probation, saying in court, "I recognise |
|the seriousness of this mistake. I've learned from this mistake and will |
|continue learning from this mistake for the rest of my life." |
| |
|So who is Michael Phelps? He was a regular kid who struggled with an |
|irregular condition and the divorce of his parents. He's young, he excels |
|at what he does and like the rest of us, slips up once in a while. |
| |
|And what life lessons do his struggles and successes hold for us? |
| |
| |
|Deal with your own issues effectively -- Michael certainly dealt with ADHD|
|and his parents' divorce that way. His mother helped him cope up with his |
|condition and channeled his energy into what he loved. |
| |
|Cut out the drama -- Michael's story is inspirational but at the same |
|time, neither the young man nor his family have exploited their |
|experiences to sensationalise his life. They've told it like it is. |
| |
|Zero in on your strengths and overcome your weaknesses -- He was less than|
|an average student at school, but Michael was a passionate and dedicated |
|student of his sport. The young swimmer is known to have studied tapes of |
|his races over and over, zeroing in on mistakes and working towards |
|bettering himself constantly. Excellent is still not good enough. |
| |
|Remain focused on your goals -- At the Athens Olympics back in 2004, |
|Phelps was beaten by teammate Ian Crocker beat in the 100m butterfly. He |
|put up a poster of Crocker in his room to motivate him and keeps a list of|
|his career goals beside his bed. |
| |
|Pursue what you love with passion and put in a genuine effort -- Phelps' |
|dedication to swimming was apparent back when he was nine and began to |
|break national records in his age group. His commitment to what he does |
|has grown with him. |
| |
|It's not just his career and his unbelievable performance at the Olympics |
|that classify Phelps as a winner -- it's his story of inspiration that |
|makes him a real champion, a youth icon, somebody to look up to. |
| |
|SATBIR SINGH |
|PRESIDENT |
|MEMBER JAB WE MET CA |
|REDEFINING PROFESSIONALISM…… |
| |
|--------------------------------------------------------------------------|
************"LEADERS ARE THE READERS,READERS ARE THE LEADERS*************
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