Sources of Capital: Owner’s Equity

Owner’s Equity as a Source of Capital Sources of capital come in two structures: obligation and value. Acquiring perpetual capital through value is the capital provided by the entity’s proprietors. It is the owner’s share in the financing of the considerable number of benefits. Richard Scott, United States bookkeeping educator composed, â€Å"one of the most profound situated, and undeniable ideas grasped by bookkeeping hypothesis today is that of owner’s value. † Through investigation of the case, we saw this as obvious. There are distinctive financing costs both an organization and its speculators face while considering value financing. It is peculiarly captivating that as a rule, value financing turns out to be more expensive than obligation financing. The examination of chance for the two sides of the exchange, agent and account holder, requires various equations and counts. Choices for financing differ in pre-charge income and rate of profitability. Thus, the alternatives ought to be completely examined to locate the best yield for the two gatherings, organization and financial specialist. Imaginative Engineering Company was established as an organization, and inside five years turned into a flourishing business carrying with it both achievement and the requirement for new lasting capital. The two accomplices, Gale and Yeaton, evaluated the capital need at $1. 2 million. At first, the accomplices discovered intrigued speculators, yet none ready to chance their own benefits by taking an interest in an association. Despite the fact that consolidation is all the more expensive and subject to various guidelines, it gives constrained risk to its financial specialists and the capacity to raise capital through bonds and stock. The accomplices wanted to frame an organization to make sure about financial specialists. Under joining, owner’s value becomes stockholder’s value. The two sorts of value are bought value, comprising of favored stock, normal stock, and paid in capital, and that of earned value, likewise alluded to as held income. The later speaks to benefits earned by the organization and held in the business. Owner’s value is appeared on the asset report and inside the announcement of owner’s value in a company’s fiscal summaries, and is most regularly impacted by salary and profits. Four proposition were created to endeavor to address the issues of financial specialists in the Innovative Engineering case and the two unique accomplices attempted to keep up possession control. Proposition An incorporates a $1. million long haul advance, giving Arbor Capital Corporation 10% basic stock. Proposition B incorporates $200,000 obligation, $900,000 favored stock, and $100,000 normal stock. Proposition C incorporates $600,000 obligation, $600,000 value with 40% normal stock. Proposition D incorporates $300,000 obligation, $900,000 v alue with half normal stock. Figuring the ramifications of every proposition is important to look for additional speculators and locate the best alternative for the two sides of the exchange. Hurricane and Yeaton expected an intrigue cost of obligation at 8% and a profit rate for favored stock at 10%. They likewise accepted critical, best speculation, and hopeful factors. The pertinent expense rate is 34%. The arrival on normal shareholder’s value earned under every one of the three pay presumptions is as per the following: Proposal A: Debt = $1,100,000 Taxes= 34% Payment on Debt = $1,100,000(. 08) = $88,000 Common Stock = $1,000,000 Pessimistic NI †Interest Expense+ Tax Savings/Common Stock = $100,000 †88,000+34,000 = 46,000/1,000,000 = 4. 6% Best Guess $300,000-88,000+102,000 = 314,000/1,000,000 = 31. 4% Optimistic $500,000 †88,000+170,000 = 514,000/1,000,000 = 51. 4% Proposal B: Debt = $200,000 Payment on Debt = $200,000(. 08) = $16,000 Preferred Stock = $900,000 Dividend Payment for Preferred Stock = $900,000(. 0) = $90,000 Common Stock = $100,000 Common Shareholder’s value = 1,000,000 Taxes = 34% Pessimistic NI-Interest Expense-Preferred Div+ Tax Savings/Common Stock $100,000-16,000-90,000+34000 = 28,000/1,000,000 = 2. 8% Best Guess $300,000-16,000-90,000+ 102,000= 296,000/1,000,000 = 29. 6% Optimistic $500,000-16,000 -90,000+170,000 = 564,000/1,000,000 = 56. 4% Proposal C: Debt = $600,000 Payment on Debt = $48,000 Common Stock = $1,500,000 Taxes = 34% Pessimistic NI-Interest Expense+Tax Savings/Common Stock $100,000-48,000+34,000 = 86,000/1,500,000 = 5. 7% Best Guess $300,000-48,000+102,000 = 354,000/1,500,000 =23. 6% Optimistic 500,000-48,000+170,000 = 622,000/1,500,000 = 41. 47% Proposal D: Debt = $300,000 Common Stock = $1,800,000 Taxes = 34% Pessimistic NI-Debt+Tax Savings/Common Stock $100,000-24,000+34,000 = 110,000/1,800,000 = 6. 1% Best Guess $300,000-24,000+102,000 = 378000/1,800,000= 21% Optimistic $500,000-24,000+170,000 = 646,000/1,800,000 = 35. 89% From this, we see proposition D is the ideal speculation procedure for Arbor Capital Corporation. The three pay suspicions give more significant yields at a more steady rate than different recommendations. For Innovative Engineering Company, recommendations An and B are increasingly perfect for meeting their control needs. For a further investigation of profit, the pre-charge income and quantifiable profit are determined as follows: Pre-Tax = 100,000/(1-. 34) = 151,515. 15 Proposal A: Debt = $1,100,000 Common Stock = $100,000 Interest = $88,000 Dividend = $21,200 Pre-Tax Earnings = $109,200 (total †normal stock and obligation) Return on Investment = 9% (pre-charge profit/$1,200,000) Proposal B: Debt = $200,000 Preferred Stock = $900,000 Common Stock = $100,000 Interest = $16,000 Preferred Dividend =$90,000 Common Dividend =$10,000 Pre-Tax Earnings = - $64,000 Return on Investment = - 5% Proposal C: Debt = $600,000 Common Stock = $600,000 Premium = $48,000 Common Dividend = $240,000 Pre-Tax Earnings = $288,000 Return on Investment = 24% Proposal D: Debt =$300,000 Common Stock = $900,000 Interest = $24,000 Common Dividend = $450,000 Pre-Tax Earnings = $474,000 Return on Investment = 40% Again, proposition D shows the most guarantee for Arbor Capital Corporation, with bigger pre-charge income and a more prominent rate of return. Creative Engineering Company is in a decent position and has choices. They ought not think about proposition B. Proposition A will give them more noteworthy authority over the organization however accompanies huge obligation financing and is unsafe. They ought to think about different financial specialists and should take a gander at choices, for example, warrants. They should additionally explore their choices for a huge credit. We have discovered obligation financing can be less expensive than value financing and ought to be thought of. We are sure Innovative Engineering Company could discover more alluring financing than proposition D. They ought to have more choices, in light of the fact that their need is achievement driven versus a new business. From outside examination we have found there is a characteristic meaning of market effectiveness relating capital stock and venture stream. Clearly, value account ought not be utilized on the off chance that it turns out to be more costly than obligation financing. The organization can make an incentive by dealing with these wellsprings of capital, finding an ideal parity of both. Works Cited Anthony, R. N. , Hawkins, D. F. and Merchant, K. A. (2007). Bookkeeping Text and Cases (twelfth ed. ). Boston: McGraw-Hill Irwin. Frieden, Roy (2010). â€Å"Asymmetric data and financial aspects. † Physica A. Volume 389 Issue 2. Scott, Richard (1979). â€Å"Owner’s Equity, The Anachronistic Element. † The Accounting Review. Volume 4.

Flew the Coop Essays - Diver Down, Inodoro Pereyra, Free Essays

Flew the Coop Essays - Diver Down, Inodoro Pereyra, Free Essays Flew the Coop Flew the Coop On June 6, 1982 I turned into a grown-up not a man, yet a grown-up. That equivalent week I moved on from Santa Barbara High School. I turned eighteen and went down to the DMV and breezed through my driver permit test and was given my first trade-in vehicle. It was one of those absolute first Hondas they made, so little; it had a bike motor or a garden cutter engine. I dont think a lot about vehicles yet I think somebody disclosed to me it was a 2-chamber motor and the vehicle was minuscule to such an extent that on the off chance that I draped my arm out the driver window my knuckles scratched along the street. I hadnt required a permit before that since we lived directly close to the High School in that spot on Nopal Street, and my folks showed me how to drive in the school parking area. I got a 99 on the driver test and went decisively my first break. I didnt ask the DMV analyst for what reason I missed that one point, yet I think it was on the grounds that I picked my nose at the last crossing point. Im not a stickler so I didnt demand stepping through the examination once more. Is it accurate to say that you are insane? I was free at this point! All things considered, kind of. Indeed, even idea my folks had given the vehicle to me and paid for it (I think it cost $350) they were somewhat imparting me blended signs. That is to say, they gotten it for me since they needed me to be have opportunity and autonomy and bunches of fun right? Or on the other hand did they offer it to me to drive away for eternity? I review my mom continually revealing to us that when you kids are eighteen youre all alone. I thought she implied it, you know, allegorically. Be that as it may, that is truly what occurred. You see the designs for school fell through toward the finish of my senior year, fundamentally on the grounds that I abandoned the entire thought. Presently I simply made some part-memories work working at the nearby dessert shop. I had a situation as a soft drink yank. At the point when I got recruited a few years after the fact at a lodging, the questioner investigated my resume and he said hed never heard anybody allude to himself as a soft drink snap. I didnt answer, yet he laughed and gave me the activity in any case. You know when you go to a meeting and they state, name three words to portray yourself? My readied answer would be: adaptable, eager, and um, twitch. Whats the modifier of jolt? Jerky? So summer I was snapping near - no uncertainty about that. One morning my mother said she wo uld get my vehicle. I didnt object as they had gotten it for me, yet I overlooked that there was an instance of void lager bottles in the rearward sitting arrangement. She came in the house shouting. It smells like bottling works in that vehicle! Im sure I had some shrewd counter or faltering clarification. I think I revealed to her that we hadnt really alcoholic all the lager in the vehicle itself. Where did you drink them at that point? she demanded knowing. We had gone to Gibralter Road in the mountains and chugged the case in obscurity up there where young people used to go back then. Im as yet chuckling now, envisioning my mother heading to the general store with an instance of void lager bottles crashing around and enfumed by the smell of stale liquor. It would have been genuine interesting on the off chance that she got pulled over. What might she have told the official? Obviously, I had a normal measure of scorn most children that age have for their folks and I was pushing t he cutoff points to all degrees. Once more, mentally, it was most likely an unavoidable and oblivious act. I could never have believed that I really needed to get kicked out of the house, yet everything considered, its very clear since I was getting it going and truly quick. Another model is the individual journal I held under my bed. That is to say, talk about idiotic. What was I thinking? Truly, I referenced in a past part that I have consistently kept individual scratch pad to record my considerations,

How to Make Childrens Essay Writing More Enjoyable

How to Make Children's Essay Writing More EnjoyableA child's essay writing is a whole lot more fun and exciting than an adult essay. Even the fact that writing a children's essay involves writing with a small child will prove to be quite fun for both you and your child. In this article I will give you some tips on how to make your children's essay writing more enjoyable.One of the first things you should do when writing a children's essay is to try and familiarize yourself with the child before you start writing. Most children are bright, they will be enjoying the time you spend writing their essay. It is important to remember that you are writing about a child that is quite young. This means it is also important to consider that a child will be quite excited when you introduce them to the idea of writing.When writing your child you should start out with a story related to the topic of your essay. You should be as descriptive as possible with your story, it will make it much easier f or the child to understand what is being discussed in the essay. Once you have started the story, you should wait for them to become engrossed in it. If you do not wait for them to get to the point of taking an interest in the story then they will not feel fully engaged with the essay.Many children's essay writing will require you to give detailed examples in order to make sure your child understands the concept of why things were done in the way they were. One great way to do this is to write down the times when your child acted in a way that was completely out of character. At this point you should be able to state their thought process without having to describe it to them.Another great tip for making your children essay writing more fun is to be sure that you explain what happened in the story and why it happened. Once you explain why things happened as they will have a greater understanding of the essay. This can really help children to better comprehend things like ethics, or how certain actions should be dealt with.Creating some sort of interactive element will also help your kid's essay to be more enjoyable. For example, you can incorporate flash cards to go along with the writing assignment. This way your child can practice their essay writing skills without actually writing the essay on paper. The flash cards will also serve as a great test of your child's writing abilities.Finally, I highly recommend that you invest in a good resource for giving your child writing tips. There are many resources available online that are dedicated to helping kids learn how to write a quality essay. There are also some very helpful and informative tips on how to make your child's essay writing more enjoyable.As you can see writing a children's essay can be really fun. With a little bit of thought and effort you can turn your child's essay writing into a fantastic experience. If you want to make your child's essay writing more enjoyable then you should definitely look for a good resource for writing tips.

My Name Is Jack And I Am Known As A Freak - 1796 Words

My name is Jack and I am known as a freak. I don’t know how or when I have come to accept this but nevertheless it is true. I live in a small shack deep within the forest with my adopted father and 2 older siblings. As I would believe not only I but the rest of my family would be labeled as freaks as well but unlike me they never cared about their labels so why did I. As my thought process began to move faster I heard a knock on my door. â€Å"Jack, are you alright? We haven’t seen you in a while.† I looked at my bedroom do for while then responded. â€Å"I’m fine father, just thinking about some things. Alright,† I heard him say,† come out when you’re ready. I’ll be out doing my runs for today.† I then heard him walk off and the front door closing. I stared at the ceiling for a second then walked in front of bedroom mirror. When I looked through I saw a monster. The monster was wearing black gloves and hoodie covering his head and brown hair. Along with this it was wearing a light blue mask with dried black ooze going down the eyelids. I looked at the monster then cringed in anger and fear and punched the mirror shattering it into pieces. As the mirror pieces hit the ground I stared at my fist and frowned under my mask. As I walked out of my room I saw my older brother Jeff laughing towards my older sister Jane while playing with his knife. He noticed me and grinned. Jeff was like me, a freak of nature. He always wore a white sweatshirt covered in theShow MoreRelatedMuch Ado About Nothing by William Shakespeare as a Satire Essay1103 Words   |  5 Pagesof the wars won, and the bravery of certain soldiers. The mood in this opening dialogue would be deadly serious if it wasnt for Beatrice making a mockery of the brave and valorous Signor Mountanto. How many hath he killed? For I promise to eat all of his killing. 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What Not to Buy When Giving Gifts in China

While giving a gift is much appreciated in Asian countries as everywhere, there are some gifts that are absolute no-nos in China, Hong Kong, and Taiwan.   In these countries, politeness, in particular, polite language, is an important part of gift-giving. It is always polite to give gifts at festivities, or when youre attending special celebrations such as a wedding or housewarming, visiting the sick, or attending a dinner with people one doesnt know well. Some gifts have subtle meanings associated with the name or the pronunciation of the name. You wouldnt want to remind a sick person about death or funerals, nor would you want to hint to people youve never met that you never  want to see them again. Here are some gifts which have names with subtle linguistic impoliteness. Avoid these Chinese gift-giving blunders. Gifts with Subtle Meanings Clocks Clocks of any type should be avoided because é€ Ã© Ëœ (sà ²ng zhÃ… ng, send clock) sounds like é€ Ã§ µâ€š (sà ²ng zhÃ… ng),  the funeral ritual. Clocks also symbolize the truth that time is running out; therefore, giving a clock is a subtle reminder that relationships and life have an end.   Handkerchiefs To give a handkerchief to someone (é€ Ã¥ · ¾, sà ²ng jÄ «n) sounds like æâ€" ·Ã¦   ¹ (duà  ngÄ“n), a farewell greeting. This gift is especially inappropriate for a boyfriend or girlfriend — unless you want to break up. Umbrellas Offering your friend an umbrella may seem an innocent gesture; however, its subtle meaning is that you want to end your friendship with him or her. If it is raining and you are worried he or she will get wet, it is better for both of you to huddle under your umbrella until you reach your friend’s destination. Then, take the umbrella back home with you. Gifts in Sets of Four Gifts in sets of four are not good because å›› (sà ¬, four) sounds like æ ­ » (sÇ , death). Shoes, Particularly Straw Sandals Giving shoes é€ Ã©Å¾â€¹Ã¥ ­  (sà ²ng xià ©zi, give shoes) sounds similar to the word for break up. Also giving two shoes sends the message that you want the person to go his or her separate way; thus, ending your friendship. Green Hats A green hat is a metaphor in Chinese Ã¥ ¸ ¶Ã§ ¶  Ã¥ ¸ ½ (dà  i lÇÅ" mà  o, with green hat) that means that a man’s wife is unfaithful. Why green? A turtle is green and turtles hide their heads in their shells, so calling someone a ‘turtle’ will get you in trouble because its like calling the person a coward. Gifts Which Explicitly Refer to Funerals or Break-ups Towels Towels are gifts which are usually given out at funerals, so avoid giving this gift in other contexts. Sharp Objects Like Knives and Scissors Giving sharp objects that are used to cut things suggests that you want to sever a friendship or relationship. Cut Flowers Particularly Yellow Chrysanthemums/White Flowers Yellow chrysanthemums and white flowers of any kind are used at funerals, so giving white flowers is synonymous with death. Anything in White or Black These colors are often used during funerals so presents, wrapping paper and envelopes in these colors should be avoided.

The Expansion Of The United States - 1200 Words

The progress of expansion in the United States is one filled with complicated, complex, and irrational decisions. Geographically, North America changed dramatically by having the landmass grow, through discovery, by at least doubling what it was before. The European discovery of North America, the Mississippian shatter zone, Louisiana Purchase, and the Mexican-American war are all historical events that changed the path and future of America dramatically, through the making of controversial decisions. The expansion started with humans on the move, and hunters tracking food/game across a recently discovered land bridge from Siberia to Alaska, where they discover an ice-free passage leading to the south. They continue and reach the great†¦show more content†¦This zone was created by the shared circumstances of the uncertainty of the Mississippian world and the inability of Native communities to accept the full force of colonialism. The induction of a hopeful economic system by European buyers; the growth and spread of violence and warfare through the Indian slave trade; and through the rise of military Native slaving unions who held control of the European trade (Ethridge and Shuck p.2). These conditions caused instability in the Mississippi shatter zone. Contact with Europeans did not leave the Natives completely and utterly destroyed. The Mississippian world may have collapsed as a community, but the reformation that followed, people rebuilt their communities and created new social and political parties. These new parties maintained organizations and practices such as town committees, trade, social organizations, corn agriculture, and hunting and gathering. All of which had their origins during the Mississippian Period and possibly even in earlier eras. These organizations and practices proved to be vastly adaptable and could be integrated into the new universal economic situations. In 1803, the United States bought over 800,000 square miles of land fr om France for 15 million dollars, known as the Louisiana Purchase. The territory included today’s states of Arkansas, Iowa, Missouri, Kansas,

Research Philosophy in Pharmacy Practice †Free Samples to Students

Question: Discuss about the Research Philosophy in Pharmacy Practice. Answer: Introduction: This research program has been executed on the topic Ethics in Financial Planning which has discussed the concept of ethics and its importance in financial planning. The term ethics can be explained as the moral principles adopted by an individual which guides the individual while conducting an activity. Ethics plays a vital role for every professional as professional works by complying with the ethics or values. Financial planning is an important element which helps an individual in identifying the ways useful for the attainment of the goals by effectively managing the financial resources available (Chun, et. al., 2013). While performing the operations, a professional need to follow the ethical standards set. There are various ethical principles which a professional can follow for complying with the ethical standards. These ethical principles include integrity, objectivity, competence, fairness, confidentiality, professionalism and diligence. A professional may face an ethical dilem ma while performing the operations and it is vital to follow ethical standards for overcoming the dilemma (Smith, 2010). This research proposal will focus on developing the knowledge of the concept of ethics and role or importance of ethics in financial planning. Different research methods will be discussed in this research which will be used for collecting relevant and quality data for the research program. This research program has been executed with an intention to develop knowledge of the concept of ethics and its importance in the life of a professional. A Professional faces different situations and for overcoming these situations, there is a need to adopt ethical principles. These ethical principles will be discussed in this research program with a motive to explain their importance in the life of a professional. This research program will develop the knowledge of the impact of non-compliance with the ethical standards set. This research will develop knowledge of the role of ethics in the financial planning system of this changing business environment. With the change in the business environment, there has been a change in the manner activities of the professionals are being carried out. Ethical dilemmas are being faced by the professionals engaged in the financial planning system which needs to be dealt in an effective manner. These ethical dilemmas faced are affecting the quality of the services offered by the professionals in the financial planning system. This problem needs to be dealt in an effective manner. Ethics or ethical principles need to be adopted by the professionals for the purpose of maintaining the quality of the services offered to the service users. Ethics in Financial Planning is an important aspect which affects the quality of the services offered in the financial planning system. Research questions have been framed with a motive to form a base on the basis of which information related to the research will be gathered. Research questions formulated for this research program are listed below: What is the role or importance of ethics in financial planning? Which factors act as ethical issues affecting the attitude or behavior of the professional? Which ethical considerations can a professional adopt for dealing with the ethical dilemmas? Ethics is crucial for the purpose of guiding the efforts or activities of the professionals in the right direction. Professionals operating or providing services in the financial planning system are facing ethical issues which are responsible for decrease in the quality of services. Code of ethics and professional responsibility are guiding the ethics in the financial planning. Different standards are being set by the different authorities for ensuring the compliance with the ethical principles or standards. Ethical issues are being faced by the professionals which are resulting in adverse impact on the quality of the services provided to the users or customers (Hunt, et. al., 2011). In the words of Katherine et. al. (2011), there are various ethical principles available which need to be adopted by the professionals while providing financial planning service to the customers. These ethical principles guide the activities of the professional in a right manner. A financial planner must provide to the financial planning services by adopting the principle of integrity. A professional must consider honesty over the personal benefit. Another ethical principle is objectivity which ensures that the professional is providing services with honesty and fair judgment. There are various ethical issues which can affect the attitude and behavior of the professionals. Ethical values and principles guide the individual in the right direction. The focus of the different bodies of the Australia is on enhancing the knowledge of the professionals providing financial planning regarding the ethical considerations. Companies are bound to comply the ethical aspects for meeting the ethical standards set by the different bodies of Australia. Different ethical dilemmas are present which affects the financial planning. Ethical dilemmas need to be dealt in the proper manner for enhancing the process of compliance with the ethical considerations. A professional must ensure that principle of confidentiality is maintained for providing safety to the confidential information of the client. Unethical code of conduct by the professional affects the client as well as professional. A professional must keep the interest of the client at priority rather than self-interest (Ali Aribi Arun, 2015). A financial planning manager needs to improve moral sensitivity for coping with the ethical dilemmas. A client may wish to keep the information confidential so as to safeguard them. A planner must disclose the conditions to the client while providing services. Ethical breaches have resulted in an increase in the number of cases of financial planning scandals. Ethical breaches are the result of low morale of the professionals. Ethical leadership scale needs to be considered for the purpose of enhancing the adoption of the ethical principles or values and complying with the laws set by the government of different bodies (Hunt, et. al., 2011). Research methodology Research methodology describes the various methods or approaches in detail which are used by the researcher for the collection, assembling, analysis, evaluation and interpretation of the data. This research program has explained the concept of ethics and its role in financial planning. For the collection of the data, different methods or approaches have been put to use which is explained as under: Research methods or design: Different research methods are available which can be adapted for execution of the research and different activities of the research according to the plans (Bajpai, 2011). These different methods include experimental, opinion based, fundamental, problem solving, observational, qualitative, quantitative, applied, problem-oriented and mixed research method. Analysis of these research methods has been done for the purpose of selection of the most suitable method (Masrizal, 2012). A research method is selected for accumulation of the information related to the research topic. Selection of the research method is done after analysis of the various research methods available (stlund, et. al., 2011). Research method selected for this research program is mixed research method. Mixed research can be explained as a research method which uses a combination of qualitative and quantitative methods for the accumulation of the quality data (Wilson, 2016). Research Philosophy: In the words of Matta (2015), the term research philosophy can be understood as the way in which data for the research is gathered, analyzed and evaluated. Research philosophy which has been selected for this research is interpretivism (Balsvik, 2017). Interpretivism research philosophy can be explained as the approach to social science which focuses on humanistic qualitative methods for the accumulation of the data with the help of primary and secondary sources (Edirisingha, 2012). The focus of the interpretivism is on the subjective meanings and interpreting the meaning hidden behind the social phenomena. This research philosophy will help in developing the knowledge of the different aspects related to the research topic (Winit-Watjana, 2016). Research approach: a research approach has been chosen for this research program as a theory of the research. A deductive approach has been selected for the research program as this approach is considered more suitable and appropriate for the research. The deductive approach helps in focusing on the general aspects and moving towards the more specific aspects (Clapham, et. al.,2012). This approach has helped in developing the knowledge of the general and specific aspects related to the research topic. A questionnaire has been used for the purpose of collecting the data related to the general and specific aspects (DeValut, 2017). Research strategy: according to Endo, et. al. (2016), the role of a research strategy in the execution of the research is an important aspect. Research strategy adopted for this research program has guided the research questions and objectives towards the completion of the research successfully by utilizing the resources effectively (Ahmad Tarczynski, 2011). An explanatory research strategy has been chosen for this research program as this strategy helps in developing a better understanding of the phenomena by identifying the facts related to the research topic. The purpose behind the selection of this strategy is to develop the understanding of the concept and different factors which are related to the research topic (Govindan, et. al., 2014). Data collection: data collection is the process of accumulation of the data or information related to the research topic. Data which will be used for this research program will be collected from primary and secondary sources both (Ting Sandel, 2016). A combination of both sources of data collection will be used for collecting reliable data for the research. Primary data is the raw form of data which gets collected specifically for the research and gets collected directly from the respondents (Amaya, et. al., 2015). A questionnaire will be prepared for the purpose of accumulation of the primary data. A sample of the questionnaire is attached in this research program (Kenyon, et. al., 2016). Secondary data is the second-hand data which is accumulated by the researcher from the already published sources. Secondary data will be collected from the internet sources (Bevan, et. al., 2013). Reliability of the data is more in secondary data (Johnston, 2014). Procedures and techniques: data collected with the application of the primary and secondary sources of the data collection methods. Data which is collected in this research will be in large quantity and for the purpose of analysis of the collected data, random sampling technique will be put to use. Random sampling technique is an effective technique which provides equal opportunity to every data of getting selected for the analysis process. This sampling technique will form a base for the effective analysis of the data collected (Kulshreshtha, 2013). Data analysis: analysis of the data forms a base for the purpose of presenting the data in an understandable manner (Clark Vicki, 2017). It is vital to present the data effectively for meeting the objectives of the research. Analysis of the primary and secondary data will be done with a motive to disclose the relevant data related to the research (Gorard, 2013). Choice: there are various alternatives available which have been analyzed and evaluated for choosing the most appropriate alternative. Resources required for the research: different resources are required for the purpose of execution of the research program successfully. These resources include financial resource, time, knowledge, and skills and human resource. The financial resource will be required to implement the plans as per the planning is done in the designing phase of the action plan. Time is allocated to different activities so as to ensure completion of the research properly. Skills and knowledge will be used for the execution of the research effectively. Human resource is required for the collection of the data for the research. Research timeframe: research timeframe describes the different activities which will be carried out within the allocated timeframe with a motive to attain the objectives of the research. An action plan has been prepared which has defined the different activities with the duration allocated for the execution of the activities. These activities will ensure the completion of the research properly and attain the expected outcomes of the research (Freshwater, 2015). Action plan Sequence Activities Initiation date Duration (in Days) Completion date Description of the activity 1) Decision regarding research topic 26 October 2017 1 26 October 2017 In this phase, the decision will be made regarding the selection of the research topic. 2) Initiation of the planning process 27 October 2017 6 01 November 2017 In this phase, the planning process will be executed for the formulation of plans. 3) Initiation of execution process 02 November 2017 10 11 November 2017 In this phase, execution process will be initiated for the implementation of the plans. 4) Decision regarding data collection methods 12 November 2017 2 13 November 2017 In this phase, the decision will be made regarding the methods of data collection for the research. 5) Initiation of data collection process 14 November 2017 8 21 November 2017 In this phase, data collection process will be initiated. 6) Analysis and evaluation 22 November 2017 5 26 November 2017 During this phase, analysis and evaluation of the collected data will be done. 7) Conclusion and recommendations 27 November 2017 3 29 November 2017 During this phase, the conclusion will be drawn for summarizing the findings of the research. Gantt chart Limitations: during the execution process of this research program, it has been identified that few limitations can affect the execution process. These limitations need to be dealt effectively for ensuring the completion of this research successfully. These limitations identified are pen down below: The short span of time available for the execution of the research is one of the most important limitations which affect the relevancy of the research program. Data collection methods and sampling techniques have been selected for dealing with this limitation. Lack of permission to access the sources of data has another limitation identified while executing this research program. Another limitation is lack of availability of sufficient resources for conducting research program. Justification of the methods selected Different methods have been selected in this research program so as to make sure that the data is collected as per the plans and contributing to the quality of the research. Mixed research method has been used for the purpose of assembling the required data for the research. The reason behind the selection of the mixed method is to apply qualitative and quantitative research methods. Information collected with the use of primary and secondary sources of data has formed the reliable base for the data collected. Objectives and research questions set in this research program have guided the researcher in utilizing the different methods or approaches as per the requirement of the objectives. Primary and secondary sources of data collection have been chosen for the purpose of presenting the quality data. For the collection of the primary data, the questionnaire will be prepared and presented to the respondents or the targeted market. Analysis of the gathered responses will be done for forming the base for the quality information. Internet sources have been used which have been published after 2010 and this is done for the purpose of assembling current and updated data related to the different aspects related to ethics and ethics in financial planning. For the analysis of the assembled data, a sampling technique has been chosen so as to analyze the data effectively and within the available span of time. Targeted participants or targeted market is the place or people from where data related to the research topic is to be gathered. For the assembling of the primary data for this research program, the questionnaire has to be distributed to the respondents. Data will be assembled by distributing the questionnaire to the employees working in the finance department of the organizations. This will help in collecting the relevant data as these employees are aware of the role of ethics while providing financial planning services to the customers. For the collection of the secondary data, internet sources have been targeted. These internet sources will provide quality data related to the research program. Random sampling technique has helped in the execution of the data analysis process. Ethical issues During the execution process of this research program, different ethical issues need to be dealt with so as to execute the research properly. These ethical issues can affect the quality of the research and for maintaining the quality of the research ethical principles will be adopted. These ethical issues identified during this research program are related to confidentiality, fair presentation of the data collected and responsibility. Confidentiality has to be maintained so as to protect the confidential data. Data collected need to be presented in the fair and honest manner which will contribute to the quality of the research. Research needs to be conducted with own efforts. This research has been executed with own efforts so as to ensure that the research is conducted specifically and fairly for the attainment of the objectives of the research. Ethical issues affect the quality of the services offered by the financial professionals? Highly agree Agree Neutral Disagree Highly disagree Ethical values or principles guides the efforts of the professional in the right and fair direction? Highly agree Agree Neutral Disagree Highly disagree A professional need to take the ethical considerations into account while providing financial planning services? Highly agree Agree Neutral Disagree Highly disagree Ethical considerations contribute to the quality of the services offered to the customers? Highly agree Agree Neutral Disagree Highly disagree Different bodies are bounding the activities of the professionals within the ethical framework set? Highly agree Agree Neutral Disagree Highly disagree Conclusion Thus, from the above discussion, it can be stated that ethics are a crucial aspect of the life of every individual. There are various factors which can affect the ethical values or principles adopted by the individual. A professional engaged in the financial planning system may face situations where the professional is in dilemma. There are few ethical issues which can affect the ethics adopted by the professionals. These ethical issues include self-interest; equate moral behavior with legal behavior, conflicts between the duties or a professional or demands of the company and integrity issues. All these ethical issues need to be dealt in a proper manner with the application of the ethical principles or values. 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