Happy Easter ~ For Christ is Risen

27 Mar

Happy Easter and Resurrection day to my fellow believers! I don’t speak often here about my faith, but this past year’s events have me feeling like something needs to be said.

I want it to be known here and now, once and for all, that I do believe that Jesus is the Christ, the only son of the only God. If you ever see weakness or faults or (God forbid) a lack of faith in me, know that it is my own weak body and willpower and is no reflection upon the Righteousness or Power of my God. Do not judge my God based upon your view of me. Judge my God based upon what He says and does. 

And I believe that if you trust in Him, believe in His power and authority, and repent of your sins–you will be saved. Now that doesn’t mean you’ll be saved from pain. That you won’t experience heartbreak. That you will always understand everything that happens in your life. That you will be blessed abundantly on earth. That the rewards of Jabez or the fate of Job will be yours. But I do believe that no matter what happens to us on earth, there is a better future waiting for us in Heaven. 

I know that all the news recently looks grim, that we are under attack all over the earth, and that it seems to many the Devil and his lies are winning the day. I am young enough that I have always lived in a world where Christianity was under pressure, but old enough to remember when the fight was mostly civil in at least the first-world countries. Today, we can no longer say that is true. We are truly in a fight for our faith, the likes of which we haven’t seen in centuries, and we must not falter. 

That’s why now, more than ever, it is important to remember this blessed and most miraculous day. It’s the day that God and His son proved, once and for all, that there is no power that can take them out. That the worst the Devil had to throw on the table was no match for the awesome God we serve. What a comfort and what a joy! ❤ So don’t give up, con’t give in, and don’t fade out. Our God is forgiving. Our God is great. Our God is good. No matter what the Devil tries to say, Our God is awesome, fierce and powerful. And most of all, our God is Love.

God looked into our future and saw where things would go. He realized the ugliness and sin that would flood this world in no small way due to humanity’s foolish and greedy life choices.  But God looked beyond our weaknesses, faults, fears, and insecurities to the wonderful and beautiful creations that He so loved. In fact, loved us so much, that He was willing to send His only son by birth to die in a horrible, terrible way and to win that victory over death once and for all, so that our futures would be saved as we became adopted Children in His eternal home.  What a moment, that first realization for the disciples that he was gone from the tomb. The fear, the doubt. And then the joy, the complete and utter awe and amazement. If that kind of God is for us? Who then can be against us! And how can we ever turn away from Him? 

“Jesus said to her, I am the resurrection and the life: He who believes in Me, though he may die, he shall live. And whoever lives and believes in Me shall never die. Do you believe this?”” — John 11: 25-26

Good Friday in My Heart
by Mary Elizabeth Coleridge

GOOD FRIDAY in my heart! Fear and affright!
My thoughts are the Disciples when they fled,
My words the words that priest and soldier said,
My deed the spear to desecrate the dead.

And day, Thy death therein, is changed to night.

Then Easter in my heart sends up the sun.

My thoughts are Mary, when she turned to see.

My words are Peter, answering, ‘Lov’st thou Me?’
My deeds are all Thine own drawn close to Thee,
And night and day, since Thou dost rise, are one.

Now after the Sabbath, as the first day of the week began to dawn, Mary Magdalene and the other Mary came to see the tomb. And behold, there was a great earthquake; for an angel of the Lord descended from heaven, and came and rolled back the stone from the door, and sat on it.  His countenance was like lightning, and his clothing as white as snow. And the guards shook for fear of him, and became like dead men.

But the angel answered and said to the women, “Do not be afraid, for I know that you seek Jesus who was crucified.  He is not here; for He is risen, as He said. Come, see the place where the Lord lay.  And go quickly and tell His disciples that He is risen from the dead, and indeed He is going before you into Galilee; there you will see Him. Behold, I have told you.”

So they went out quickly from the tomb with fear and great joy, and ran to bring His disciples word.

Find the Bluebird of Joy!

25 Mar

You cannot prevent the birds of sadness from passing over your head, but you can prevent their making a nest in your hair.

**Chinese Proverb

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Heaven, I’m in Heaven

24 Mar

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Economics ~ Introduction to Managerial Economics

24 Mar

Hello-our internet sucks, so I’m posting this for some of my students 🙂 You’re welcome to enjoy it too!

What is Managerial Economics?

  • Economics (经济学)= The study of how resources (资源) are created (创造), gathered (搜集,聚集), traded (营业), and divided (分离,划分).
    • Resources = Anything you use to help the company work. Examples: time, money, land, tools, labor, raw materials.
      • Natural Resources (自然资源) = Resources created by nature. Examples: wood, water, air, rocks/stones, flowers, natural chemicals
      • Man-Made Resources (人造资源) = Resources created by humans by either combining (mixing together) or changing natural resources into something new. Examples: jewelry, paint, fabric, steel, hammers.
      • Limited Resources (限制性资源) = Resources either no longer being created or only created in small amounts. Meaning the supply is not enough.Examples: Gold, Diamonds, Water in a desert.
      • Unlimited Resources (无限制性资源) = Where there is a large amount of the resource or it is created fast enough to replace any that is lost. Supply is enough.Examples: Water, Air.
      • Raw Materials (原材料) = The resources that are put into the product. Example: If we make a computer, raw materials would include wires, plastic, metal, paint, springs, etc.
      • Market-Supplied Resources (市场提供的资源) = Resources owned by someone outside of the company. Examples = Taxes, Utilities, Rent, Raw Materials, Wages
      • Owner-Supplied Resources (业主提供的资源) = Resources owned by the company’s owners.
  • Manager (经纪, 经理) = A person who is obligated to ensure the company (or department) is effectively organized and controlled.
  • Managerial Economics (管理经济学) = The study of the best method for managers to create, gather, trade, and divide the company’s resources.

Goal of Effective Managers 

  • Wealth or Profit (收益) Maximization Rule = #1 Goal of Effective Managers is to make the owner’s the most profit (as long as they do so ethically and legally)

How to Maximize Profits (收益)?

  • Profit = Revenue – Cost
  • Two ways to Maximize Profit:
    • Make the Highest Revenue
    • Pay the Lowest Costs

What are Revenue, Cost, and Profits?

  • Revenue (收入) = Total Income or Money the Company makes from its work.
  • Cost (成本)  = The losses or sacrifices the company makes in exchange for getting and using resources in its work. 
    • Opportunity Costs (机会成本) = The company’s costs created because it lost some opportunity. 
      • Opportunity Cost of using Market-Supplied Resources = $$ Spent paying for those resources (you lose the opportunity to spend the money on something else)
      • Opportunity Cost of using Owner-Supplied Resources = $$, time, effort lost that the owner would have had if they spent their resources on something else.
    • 2 Types of Opportunity Costs
      • Explicit Costs (明确的成本) = Any money the company pays owners of Market-Supplied Resources
      • Implicit Costs (隐性成本) = Anything the Owner loses by giving the company Owner-Supplied Resources
    • Total Economic Cost = Explicit Costs + Implicit Costs 
  • Profit (收益)  = Everything the company gets to keep from the Revenue after it pays its costs!
    • Present Profit v. Future Profit
      • Present Profit = What we are keeping right now. (Most Important)
      • Expected Future Profit = What we think we’ll get in the future (Companies with higher expected future profits have more value. While companies with a possibility of low future profits will have a lower value)
    • Profit is Counted in Two Ways
      • Example: Joshua has a company (Company A) that just made $150,000 in Revenue. The company spends $9,000 on Taxes and Utilities, $3,000 on Wages, and $5,000 on Raw Materials. Joshua gave the company the building but would have made $2,000 if he used it as a school instead. He also lost $5,000 on his original investment. 
      • Economic Profit (经济利润) = Revenue – Total Economic Cost
        • What is Company A’s Economic Profit?
      • Accounting Profit (会计利润) = Revenue – Explicit Costs.
        • What is Company A’s Accounting Profit?
      • In Managerial Economics, we usually mean Accounting Profit when we say “Profit”

More to come later 🙂

Sample Corporate Balance Sheet

24 Mar

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If you are looking for a Sample Balance Sheet, here is one I created for my Corporate Finance students.  It’s not perfect of course, and you can always add or subtract things. Just download it as a Word Doc (or if that is not available, copy and paste to a word doc) and modify to suit your needs!

SAMPLE BALANCE SHEET

Here are some real-world examples you can use to compare:

An EXCEL ready-made template is available as well here: “Corporate Balance Sheet & Income Statement (Automatically Formulated Worksheet with Metrics” 

Not Good

23 Mar

Mine is Iassannn (a little consonant heavy 😛 )–I sound like a sleezy dragon, hissing and dragging out my letters. 

 

 

Life in China ~ Bring It (Managerial Econ Style)

22 Mar

😛 I am teaching a class of students whose English is particularly bad, but I had them last semester too and we have been moving along. It takes translating every couple of words (money, war, economy, market, cash, coin, card) to communicate, but we were happy with our steady if slow pace 🙂 

Then Today, I had two new students join the class from Int’l Trade 1 (the best students, include one who has excellent English). At the beginning, I asked the students to translate one of the words as usual. Normally it takes us a bit to look it up and figure out a Chinglish version. Now, immediately the new boy spits out verbatim the precise 3 sentence long definition from the textbook by memory. 0_0 It was the funniest thing. The entire class stopped, turned and stared at him. One girl threw up her hands, another started groaning. The entire group almost in unison went “ooooohhhhhh” and one actually WHIMPERED. LOL. He jerked back and looked around. After that he figured out pretty quick the others weren’t at that level. 🙂 Seriously, we’re working at “this is called demand” level and he’s off on QD = a + bP + cT + . . . . level. Boom. . . mic dropped, bar raised.

Life in China ~ Blossoms of Spring

21 Mar

Gave some exams near the Campus Library  and got this treat 🙂 Green and Pink, my favorite colors! I just love the beauty of the flowering season. And here in China, it’ll last until well into the fall!

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Sad, but Valid

21 Mar

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The Prophesied Hero Cat

18 Mar