Bryan Inc. produces a specialty top-quality juice machine. The product, the JM50, requires four processes to be completed. Specifically, these processes are exterior construction, pulp filter insertion, painting, and packaging. Each function is performed at separate workstations with different completion ratios:

·       Exterior construction can manufacture 100,000 juicer exteriors per day.

·       Pulp filter insertion can install 25,000 filters every 6 hours.

·       Painting can decorate 3,000 juicers every half hour.

·       Packaging can package 5,000 juicers per hour.

Required:

a)     Determine the maximum amount of JM 50 machines Bryan Inc. can sell per month (assume an average of 30 days per month and 8 hours per day)?

b)     What function is the bottleneck?

c)     If the contribution margin per juicer is $30.00, would it be worthwhile to spend $5,000,000 to increase the capacity of the bottleneck function by 200,000 units? Show computations.

In Ghana, the problem of financial distress of banks is not new. In 2000, two banks (Bank for Housing and Construction and the Ghana Co-Operative Bank) were liquidated. On Monday 14 August 2017, there was a breaking news of the collapse of two banks (Capital Bank and UT Bank) with the third (UniBank) receiving special attention from the Central Bank with the appointment of KPMG as Official Administrators following UniBank’s insolvency. In almost a year later, the Central Bank revoked the license of five insolvent banks ( Unibank, Royal bank, Sovereign bank, Beige bank and Construction bank) to form a new Consolidated bank owned by government. The number of banks failure is a concern to all stakeholders in the Ghanaian banking Industry.
Required: Answer the following questions from the above preamble.
a) Explain the term Bank Failure.
b) Explain three determinants of possible bank financial distress that could cause bank failure.
c) Discuss two economic implications of bank failure.

On June 1, 2020, the Crocus Company began construction of a new manufacturing plant. The plant was completed on October 31, 2021. Expenditures on the project were as follows ($ in millions):

On July 1, 2020, Crocus obtained a $70 million construction loan with a 6% interest rate. The loan was outstanding through the end of October, 2021. The company's only other interest-bearing debt was a long-term note for $100 million with an interest rate of 8%. This note was outstanding during all of 2020 and 2021. The company's fiscal year-end is December 31.

What is the amount of interest that Crocus should capitalize in 2021, using the specific interest method? (Enter your answers to nearest whole dollar amount.)

$7,283,000.

$7,117,000

$8,740,000.

$7,248,000.

Simon Blank Construction Company has two divisions. The president (Chris Simon) manages the roofing division. Simon delegated authority and responsibility for management of the modular manufacturing division to John Gault. The company has a competent accounting staff and a full-time internal auditor. Unlike Simon's procedures, however, Gault and his secretary handle all bids for manufacturing jobs, purchase all materials without competitive bids, control the physical inventory of materials, contract for shipping by truck, supervise the construction activity, bill the customer when the job is finished, approve all bid changes, and collect the payment from the customer. With Simon's tacit approval, Gault has asked the internal auditor not to interfere with his busy schedule.

Give this scenario a letter grade based on risk management through internal controls and identify two potential frauds that could occur based on the current structure. Suggest at least one improvement to reduce the risk of fraud.

The ceramic tile used in the construction of the floors in a mall must be sturdy, easy to clean, and long-lasting. Before installing a specific type of tile, a construction firm orders a box of 25 of the proposed type of tile and uses a standard strength test on each tile in the box. The standard breaking test consists of someone putting each tile half way on a table in a specialized way and then placing standardized weights on the part of the tile that is not on the table until the tile breaks. The results are used to determine whether this type of tile will be used throughout the new mall.

a) Is this an observational or an experimental study? Please explain your answer.

b) What is the sample in this problem?
The 25 tiles of this type.
All tiles of this type.
25 tiles of any type of tiles used on floors in malls.

c) Is this sample random? If so, justify your answer. If not, describe a possible technique that could be used to obtain a random sample.
All tiles used on floors in malls.

Simon Blank Construction Company has two divisions. The president (Chris Simon) manages the roofing division. Simon delegated authority and responsibility for management of the modular manufacturing division to John Gault. The company has a competent accounting staff and a full-time internal auditor. Unlike Simon's procedures, however, Gault and his secretary handle all bids for manufacturing jobs, purchase all materials without competitive bids, control the physical inventory of materials, contract for shipping by truck, supervise the construction activity, bill the customer when the job is finished, approve all bid changes, and collect the payment from the customer. With Simon's tacit approval, Gault has asked the internal auditor not to interfere with his busy schedule.

Give this scenario a letter grade based on risk management through internal controls and identify two potential frauds that could occur based on the current structure. Suggest at least one improvement to reduce the risk of fraud.

On December 31, 2019, Cheyenne Inc. borrowed $3,960,000 at 13% payable annually to finance the construction of a new building. In 2020, the company made the following expenditures related to this building: March 1, $475,200; June 1, $792,000; July 1, $1,980,000; December 1, $1,980,000. The building was completed in February 2021. Additional information is provided as follows.

Determine the amount of interest to be capitalized in 2020 in relation to the construction of the building

Prepare the journal entry to record the capitalization of interest and the recognition of interest expense, if any, at December 31, 2020.

Simon Blank Construction Company has two divisions. The president (Chris Simon) manages the roofing division. Simon delegated authority and responsibility for management of the modular manufacturing division to John Gault. The company has a competent accounting staff and a full-time internal auditor. Unlike Simon's procedures, however, Gault and his secretary handle all bids for manufacturing jobs, purchase all materials without competitive bids, control the physical inventory of materials, contract for shipping by truck, supervise the construction activity, bill the customer when the job is finished, approve all bid changes, and collect the payment from the customer. With Simon's tacit approval, Gault has asked the internal auditor not to interfere with his busy schedule. Give this scenario a letter grade based on risk management through internal controls and identify two potential frauds that could occur based on the current structure. Suggest at least one improvement to reduce the risk of fraud.

Give examples of how "race" is employed in everyday life that reveals how powerful it is, or that reveals that it is a "social construction."
Be sure to engage with assigned readings and other learning materials below. (500 words or more)(copy paste links in the browser)

In our readings, pay attention to how the “Asian race” has been produced, and how it intersects with Asian religions and what implications that may have for Asians in the United States.

Moreover, think and rethink what you know about race, and engage with the idea of race as a social construction. What does this mean?

Reading 1 link https://www.dropbox.com/s/okuoy59zeuqh4sq/Religion%20Race%20and%20Orientalism--JLEE.pdf?dl=0

Reading 2 link https://www.dropbox.com/s/okuoy59zeuqh4sq/Religion%20Race%20and%20Orientalism--JLEE.pdf?dl=0

video 1 link https://www.youtube.com/watch?v=yHpWzZh2xA4

video 2 link https://www.youtube.com/watch?v=zwHadEXkbyw

Since the preliminary estimate and further investigations indicated that Claire's project is feasible, it is now time to move from the initial concept to final design. In order to do so, Claire will need to consult an architect and an engineer. Thankfully, Claire had an old friend, Tony Tect, who owned a local architecture firm and was willing to help. Claire explained her ideas to Tony and he said he would be happy to produce some drawings for Claire within a few weeks.

Meanwhile, Claire asked Bob Builder if he could advise her about the selection of a design engineer. Bob recommended she talk to Angie Neer from Eager Engineers & Partners. The engineering firm was in Charleston, WV, as was Tony’s office. Tony and Angie had completed several projects together before and knew the value of working hand in hand during the design phase.

Two weeks passed before Claire, Tony, and Angie met to discuss Tony's drawings. After Tony presented his design, Claire made some minor suggestions, but in general was very pleased. Angie then commented on the design, which started a discussion that went on for another hour. Claire wasn't initially comfortable, but later she realized that such discussion is necessary in order to increase the constructability of a structure. Thus, it was advantageous to have structural decisions made early in the design phase and not when the building was already under construction.

After the meeting, Tony sat down on his desk and began to incorporate all the changes into the design. Angie returned to her office to get started on the design for the site preparation. Since Tony agreed to arrange the necessary permitting, Claire had the chance to concentrate fully on preparing the marketing information for the project. However, she realized that she needed to know more about construction project delivery. She had no idea what type of Construction Firm she should utilize for this project. She decided to get some advice from the developer, Bob Builder.

Bob replied to her with the following memo:

In construction Claire, you have several options for your delivery strategy, including: Design-Bid-Build (DBB), Design-Build (DB), and Construction Management (CM). DBB is a very common way to deliver a construction project using a traditional organization. DBB calls for a complete design before site work begins and then a single general contractor assumes all the responsibility for constructing the entire project usually on the terms of a lump-sum contract.

This answer did not really help Claire to understand which type of project delivery method would be most appropriate for her situation. Also, the methods of awarding a contract and the type of contract were confusing to Claire, as she has no prior experience being an owner. Before she could consider making a final decision, she needed more information and recommendations. Claire sent Bob an e-mail asking for a more detailed analysis. This is where you come in to help Claire make an informed decision.

Questions

• Which project delivery method do you recommend to Claire? Why?
• Based on the delivery method you recommended, should Claire use a contract that is awarded competitively or a contract that is awarded by negotiation? Why?

In addition to the main contract for the entire project, Bob informs you, the intern, that there will definitely be a sub-contract with a specialty contractor for the site-work on the project.

• Should the agreement with the site sub-contractor be a lump sum or a unit-price contract? Why?
• Should this contract with the site sub-contractor be awarded competitively or negotiated?