Kike Ltd is a retailer dominance of the athletic shoe and sporting apparel businesses. Kike Ltd, which currently views itself as operating in the sporting wear (shoes and clothes) segment, is considering an expansion into the fashion apparel business, producing high-priced casual clothing for teenagers and young adults. The Company therefore, is contemplating building another new retail store across the town. Followings are information on this expansion. The company already owns the land for this store, which currently has an abandoned warehouse located on it. The land cost at $350,000 and has a useful life of 10 years. Kike Ltd bought this land 5 years ago. The cost of $45,000 for demolishing the abandoned warehouse and clearing the lot. The marketing department spent $20,000 on market research to determine the extent of customer demand of the new segment for the new store. The construction of the new store would cost $500,000, with 5-year life and depreciated using straight line method. The loss of 30% sales in the existing retail outlet (old segment), if customers who previously drove across town to shop at the existing outlet (old segment) become customers of the new store (new segment) instead. Kike Ltd issue bond at 6% to finance the construction cost. Assumes the cost of capital is 10% and tax rate is 27%. Kike Ltd is expecting the sales of the new segment which will be constant at $150,000 per year for 5 years. Required: Discuss should the land cost that has an abandoned warehouse be included as part of incremental earnings for the proposed of new segment. Would the value of land if sold be considered as opportunity cost? Discuss should the cost of $45,000 for demolishing the abandoned warehouse and clearing the lot and the marketing cost of $20,000 be included as part of incremental earnings for the proposed of new segment. Discuss in detail how the cost of the construction of the new store, $500,000, with 5-year life and depreciation using straight line method and the cost of issuing bond at 6% to finance the construction cost are treated as incremental earnings for the proposed of new segment. In the situation where the employees leave the new store sitting idle due to some unavoidable circumstances (such strike, natural disaster), should the cost in (c) is treated as opportunity cost? Discuss in details how this loss of 30% sales in the existing retail outlet (old segment), if customers who previously drove across town to shop at the existing outlet (old segment) become customers of the new store (new segment) instead will impact the incremental earnings for the proposed of new segment. Explain why it is advantageous for Kike to use the most accelerated depreciation method compared to straight line method. Is it realistic for Kike to forecast a constant sale for 5 years? (1 mark)

Explain the determinates of U.S foreign policy. Describe and analyze how these factors influence U.S. foreign policy in one of the following regions:

1. The Middle East
2. Asia
3. Russia
4. Africa
5. Latin America

What does CGIAR mean? When was it founded?

CASE 4.1

Manchester United Soccer Club

Nicolette Larson was loading the dishwasher with her husband, Kevin, and telling him about the first meeting of the Manchester United Tournament Organizing Committee. Nicolette, a self-confessed “soccer mom,” had been elected tournament director and was responsible for organizing the club’s first summer tournament.

Manchester United Soccer Club (MUSC), located in Manchester, New Hampshire, was formed in 1992 as a way of bringing recreational players to a higher level of competition and preparing them for the State Olympic Development Program and/or high school teams. The club currently has 24 boys and girls (ranging in age from under 9 to 16) on teams affiliated with the New Hampshire Soccer Association and the Granite State Girls Soccer League. The club’s board of directors decided in the fall to sponsor a summer invitational soccer tournament to generate revenue. Given the boom in youth soccer, hosting summer tournaments has become a popular method for raising funds. MUSC teams regularly compete in three to four tournaments each summer at different locales in New England. These tournaments have been reported to generate between $50,000 and $70,000 for the host club.

MUSC needs additional revenue to refurbish and expand the number of soccer fields at the Rock Rimmon soccer complex. Funds would also be used to augment the club’s scholarship program, which provides financial aid to players who cannot afford the $450 annual club dues.

Nicolette gave her husband a blow-by-blow account of what transpired during the first tournament committee meeting that night. She started the meeting by having everyone introduce themselves and by proclaiming how excited she was that the club was going to sponsor its own tournament. She then suggested that the committee brainstorm what needed to be done to pull off the event; she would record their ideas on a flipchart.

What emerged was a free-for-all of ideas and suggestions. One member immediately stressed the importance of having qualified referees and spent several minutes describing in detail how his son’s team was robbed in a poorly officiated championship game. This was followed by other stories of injustice on the soccer field. Another member suggested that they needed to quickly contact the local colleges to see if they could use their fields. The committee spent more than 30 minutes talking about how they should screen teams and how much they should charge as an entry fee. An argument broke out over whether they should reward the winning teams in each age bracket with medals or trophies. Many members felt that medals were too cheap, while others thought the trophies would be too expensive. Someone suggested that they seek local Page 126corporate sponsors to help fund the tournament. The proposed sale of tournament T-shirts and sweatshirts was followed by a general critique of the different shirts parents had acquired at different tournaments. One member advocated that they recruit an artist he knew to develop a unique silk-screen design for the tournament. The meeting adjourned 30 minutes late with only half of the members remaining until the end. Nicolette drove home with seven sheets of ideas and a headache.

As Kevin poured a glass of water for the two aspirin Nicolette was about to take, he tried to comfort her by saying that organizing this tournament would be a big project not unlike the projects he worked on at his engineering and design firm. He offered to sit down with her the next night and help her plan the project. He suggested that the first thing they needed to do was to develop a WBS for the project.

Questions:

1. Make a list of the major deliverables for the project and use them to develop a draft of the work breakdown structure for the tournament that contains at least three levels of detail. What are the major deliverables associated with hosting an event such as a soccer tournament?

2. How would developing a WBS alleviate some of the problems that occurred during the first meeting and help Nicolette organize and plan the project?

3. Where can Nicolette find additional information to help her develop a WBS for the tournament?

4. How could Nicolette and her task force use the WBS to generate cost estimates for the tournament? Why would this be useful information?

Donatella and Domenico Doughnuts are the owners of “Panetteria”, a fashionable bakery and coffee shop in the town of Sundrench, California, specializing in old-world breads, cakes and pastries. While on their honeymoon several years ago in the Piedmont region of Italy during, they bought their first espresso machine. Their cannoli recipe, which Donatella inherited from her “Nonna”, is locked in a safe deposit box at their bank. Despite the high cost of commercial leases, the Doughnuts were able to carve out a very comfortable living. They kept overhead low by hiring family members and local teenagers to serve the coffee and pastries. Two years ago, they decided to move to Walla Walla, Washington, and open a second bakery/coffee shop, “Panetteria Due”. The Doughnuts added a drive-thru at both locations. They expanded their menus to include sandwiches, specialty drinks and salads. La vita era bella. Last month, in an effort to compete with Starbucks and Panera, the Doughnuts decided the institute a “dress code” for their employees. Male employees are required to wear G-strings, while female employees are required to wear ‘pasties’ and G-strings. The G-strings of both, male and female, employees are to match the color of their eyes. The Doughnuts supplied the employee ‘uniforms’. The first day of the new uniforms employees reported a marked increase in their tips, despite the number of customers who left due to the scantily clad staff. As the news of the new “Panetteria” and “ Panetteria Due” spread on social media, the second, third, and fourth day of the new uniforms brought consecutive record-breaking profits. The lines outside both shops went around the block. There was a 45-minute wait for a coffee and a pastry; ninety minutes if you order a cannoli and an espresso. Employees were ecstatic with their increase in tips. On the fifth day, town inspectors shut down the “Panetteria”. The Doughnuts were served with a cease and desist order from the town. The lawsuit alleges the Doughnuts operate a ‘lewd’ establishment within the town limits, in an area not zoned for “adult entertainment”.

What are the Irrelevant Facts, Background Facts and Key Facts of the case?

Newly graduated from medical school, David and Mary have decided to take over a medical practice together in Saltbush, a small NSW country town. This decision was made after seeing the official announcement of the retirement of its two elderly doctors and the closure of their Saltbush practice. David and Mary have no plans to expand in the future but are wondering whether a partnership is the best legal structure for their business. Please advise the following: i. How does the law regulate partnerships? ii. Describe the advantages and disadvantages of a partnership structure . iii. David and Mary discover that the retired doctors operated the Saltbush business as a partnership for over 40 years and had incurred a number of large debts that remain unpaid. If David and Mary take over the medical practice advise if they will be liable for these debts .

Mitchell County maintains a tax agency fund for use by the County Treasurer to record receivables, collections, and disbursements of all property tax collections to all units of government in the county. In the year 2019, the following taxes were levied:

1. $4,800,000 in property taxes were levied for the General Fund, of which 3% are deemed to be uncollectible.

2. $2,625,000 in property taxes were levied for the school district.

3. $2,415,000 in property taxes were levied for a town in the county.

Required:

A. Prepare the journal entries for each unit and the Agency Fund to record these levies.

B. The agency fund then collected 92% of the levy for each fund. The Mitchell County General Fund charges 2.75% of collections as a fee for maintaining the agency fund.

Prepare the journal entries for each unit and the Agency Fund to record these collections and fees.

As we have seen, traditional and Agile schedule developments are quite different. Agile project management was originally developed to do software development. Could a traditional process be successfully used to develop a new software program? Why or why not? Could an Agile methodology be used to build a strip mall in your home town? Why or why not?