a) Explain with an illustration why only external pressures are considered when determining the primary (i.e. global) structural action due to wind loads.
b) What range of Cpi would you consider for a residential apartment building?
c) Which exposure classification would apply for the following situations:
a. Wind coming from Lake Ontario for a building located on the waterfront in Toronto.
b. A tourism center located in a national park in Northern Ontario.
c. A structure located on the edge of an urban area with a few homes between it and farmland.
d. A storage unit for a construction company located in a rural community without many trees.
d) What conditions must be satisfied for the equivalent lateral force procedure to apply?
Answer all of this, if not please answer some of it. Thanks
In: Civil Engineering
C program and pseudocode for this problem.
A parking garage charges a $2.00 minimum fee to park for up to three hours and additional $0.50 per hour over three hours. The maximum charge for any given 24-hour period is $10.00. Assume that no car parks for longer than 24 hours at a time. Write a program that will calculate and print the parking charges for each of three customers who parked their cars in this garage yesterday. You should enter the hours parked for each customer. Your program should print the results in a tabular format, and should calculate and print the total of yesterday's receipts. The program should use the function calculateCharges to determine the charge for each customer. Your output should display the car #, the hours entered and the total charge.
In: Computer Science
Malaysian Island Resort. Theresa Nunn is planning a 30-day vacation on Pulau Penang, Malaysia, one year from now. The present charge for a luxury suite plus meals in Malaysian ringgit (RM) is 1,044/day. The Malaysian ringgit presently trades at RM3.1350/$. She determines that the dollar cost today for a 30-day stay would be $9,990.43. The hotel informs her that any increase in its room charges will be limited to any increase in the Malaysian cost of living. Malaysian inflation is expected to be 2.7625% annum, while U.S. inflation is expected to be 1.293%.
a. How many dollars might Theresa expect to need one year hence to pay for her 30-day vacation?
b. By what percent will the dollar cost have gone up? Why?
In: Finance
Write an anecdotal lead with a person focus from the following information; include a nut graph. Your focus is about the frustrations that students experience trying to park on campus because the parking department has sold too many permits.
Background: Nancy Pauw is a graduate student. One morning, she circled the parking lot east of the computer center three times before she found a parking space. Last year, there were 7,565 student parking permits sold for 3,930 spaces. “I have to get here an hour early so I can get to class on time,” Pauw says. She is one of many students (on your campus) who experience the daily frustration of not finding a parking spot even though they have purchases $30 and $50 permits.
In: Psychology
In our textbook, we learn that Disney has acquired several companies throughout the years including Marvel for $4 billion in 2009. One main advantage that this acquisition allowed Disney to do is increase the differentiation in their product offerings. They were able to add and entire line of superheroes to the Disney character family, which also allowed to add Marvel character theme park rides, toys, and other merchandise. Not only did this benefit Disney, but the acquisition also added value to Marvel. "Because of economies of scope and economies of scale, Marvel is becoming more valuable inside Disney than as a standalone enterprise" (Rothaermel).
Our question for you is, besides being able to increase their product offerings, what other benefits do you think this acquisition brought to Disney as a company?
In: Operations Management
In this module, you learned about the components involved in the effective management of operations.
This video case is about Numi Organic which is the tea of choice for high-end restaurants, hotel chains, and cruise lines.
View Numi Organic Tea: The Value Chain, IT, and E-Business (Time: 6:56. This video uses the Amara Toolbar to display captions.) and answer the following questions by providing 1-2 paragraphs for each item:
How does Numi’s relationship with third parties address operations systems elements in areas related to product-mix, capacity, facilities, and layout? What is the benefit of their approach?
Describe the technologies and tools used by Numi in managing
performance. Why did the tea maker eventually adopt a more complex
information technology system?
In: Operations Management
John Rigas (founder and CEO of Adelphia Communications Corporation) was an extraordinary man. Throughout his professional career, he was honored for his entrepreneurial achievements and his humanitarian service. Among other awards, he received three honorable doctorate degrees from distinguished universities, was named Entrepreneur of the Year by Rensselaer Polytechnic Institute (his college alma mater) and was inducted into the Cable Television Hall of Fame by Broadcasting and Cable magazine. He worked hard to acquire wealth and status. But a $2.3 billion financial fraud eventually cost Rigas everything. Rigas and his company, Adelphia Communications, started out small. With $72,000 of borrowed money, he began his business career in 1950 by purchasing a movie theater in Coudersport, Pennsylvania. Two years later, he overdrew his bank account to buy the town cable franchise with $300 of his own money. Through risky debt-financing, Rigas continued to acquire assets until, in 1972, he and his brother created Adelphia Communications Corporation. The company grew quickly, eventually becoming the sixth largest cable company in the world with over 5.6 million subscribers. From its inception, Adelphia had always been a family business, owned and operated by the Rigas clan. During the 1990s, the company was run by John Rigas, his three sons, and his son-in-law. Altogether, members of the Rigas family occupied a majority five of the nine seats on Adelphia’s board of directors and held the following positions: John Rigas, CEO and chairman of the board (father); Tim Rigas, CFO and board member (son); Michael Rigas, executive vice president and board member (son); James Rigas, executive vice president and board member (son); Peter Venetis, board member (son-in-law). This family dominance in the company was maintained through stock voting manipulation. The company issued two types of stock: Class A stock, which held one vote each, and Class B stock, which held 10 votes each. When shares of stock were issued, however, the Rigas family kept all Class B shares to themselves, giving them a majority ruling when company voting occurred. With a majority presence on the board of directors and an effectual influence among voting shareholders, the Rigas family was able to control virtually every financial decision made by the company. However, exclusive power led to corruption and fraud. The family established a cash management system, an enormous account of commingled revenues from Adelphia, other Rigas entities, and loan proceeds. Although funds from this account were used throughout all the separate entities, none of their financial statements were ever consolidated. The family members began to dip into the cash management account, using these funds to finance their extravagant lifestyle and to hide their crimes. The company paid $4 million to buy personal shares of Adelphia stock for the family. It paid for Tim Rigas’s $700,000 membership at the Golf Club at Briar’s Creek in South Carolina. With company funds, the family bought three private jets, maintained several vacation homes (in Cancun, Beaver Creek, Hilton Head, and Manhattan), and began construction of a private world-class golf course. In addition, Adelphia financed, with $3 million, the production of Ellen Rigas’s (John Rigas’s daughter) movie Song Catcher. John Rigas was honored for his large charitable contributions. But these contributions also likely came from company proceeds. In the end, the family had racked up approximately $2.3 billion in fraudulent off-balance-sheet loans. The company manipulated its financial statements to conceal the amount of debt it was accumulating. False transactions and phony companies were created to inflate Adelphia’s earnings and to hide its debt. When the family fraud was eventually caught, it resulted in an SEC investigation, a Chapter 11 bankruptcy filing, and multiple indictments and heavy sentences. The perpetrators (namely, John Rigas and his sons) were charged with the following counts: Violation of the RICO Act Breach of fiduciary duties Waste of corporate assets Abuse of control Breach of contract Unjust enrichment Fraudulent conveyance Conversion of corporate assets Until he was convicted of serious fraud, everybody loved John Rigas. He was trusted and respected in the small town of Coudersport and famous for his charitable contributions and ability to make friends. He had become a role model for others to follow. With a movie theater and a $300 cable tower, he had built one of the biggest empires in the history of cable television. From small beginnings, he became a multimillion-dollar family man who stressed good American values. But his goodness only masked the real John Rigas, and in the end, it was his greed and deceit that ultimately cost him and his family everything.
Questions
4.) Based on the facts of the case, do you think this case has led to civil litigation, criminal prosecution, or both? Explain your answer. 5.) Suppose you were an expert witness in this case. What would be some of the facts to which you would pay special attention?
In: Accounting
John Rigas (founder and CEO of Adelphia Communications
Corporation) was an extraordinary
man. Throughout his professional career, he was honored for his
entrepreneurial achievements
and his humanitarian service. Among other awards, he received three
honorable doctorate
degrees from distinguished universities, was named Entrepreneur of
the Year by Rensselaer
Polytechnic Institute (his college alma mater) and was inducted
into the Cable Television Hall of
Fame by Broadcasting and Cable magazine. He worked hard to acquire
wealth and status. But a
$2.3 billion financial fraud eventually cost Rigas everything.
Rigas and his company, Adelphia Communications, started out small.
With $72,000 of borrowed
money, he began his business career in 1950 by purchasing a movie
theater in Coudersport,
Pennsylvania. Two years later, he overdrew his bank account to buy
the town cable franchise
with $300 of his own money. Through risky debt-financing, Rigas
continued to acquire assets
until, in 1972, he and his brother created Adelphia Communications
Corporation. The company
grew quickly, eventually becoming the sixth largest cable company
in the world with over 5.6
million subscribers.
From its inception, Adelphia had always been a family business,
owned and operated by the
Rigas clan. During the 1990s, the company was run by John Rigas,
his three sons, and his son-in-
law. Altogether, members of the Rigas family occupied a majority
five of the nine seats on
Adelphia’s board of directors and held the following
positions:
John Rigas, CEO and chairman of the board (father); Tim Rigas, CFO
and board member (son);
Michael Rigas, executive vice president and board member (son);
James Rigas, executive vice
president and board member (son); Peter Venetis, board member
(son-in-law).
This family dominance in the company was maintained through stock
voting manipulation. The
company issued two types of stock: Class A stock, which held one
vote each, and Class B stock,
which held 10 votes each. When shares of stock were issued,
however, the Rigas family kept all
Class B shares to themselves, giving them a majority ruling when
company voting occurred.
With a majority presence on the board of directors and an effectual
influence among voting
shareholders, the Rigas family was able to control virtually every
financial decision made by the
company. However, exclusive power led to corruption and fraud. The
family established a cash
management system, an enormous account of commingled revenues from
Adelphia, other Rigas
entities, and loan proceeds. Although funds from this account were
used throughout all the
separate entities, none of their financial statements were ever
consolidated.
The family members began to dip into the cash management account,
using these funds to
finance their extravagant lifestyle and to hide their crimes. The
company paid $4 million to buy
personal shares of Adelphia stock for the family. It paid for Tim
Rigas’s $700,000 membership at
the Golf Club at Briar’s Creek in South Carolina. With company
funds, the family bought three
private jets, maintained several vacation homes (in Cancun, Beaver
Creek, Hilton Head, and
Manhattan), and began construction of a private world-class golf
course. In addition, Adelphia
financed, with $3 million, the production of Ellen Rigas’s (John
Rigas’s daughter) movie Song
Catcher. John Rigas was honored for his large charitable
contributions. But these contributions
also likely came from company proceeds.
In the end, the family had racked up approximately $2.3 billion in
fraudulent off-balance-sheet
loans. The company manipulated its financial statements to conceal
the amount of debt it was
accumulating. False transactions and phony companies were created
to inflate Adelphia’s
earnings and to hide its debt. When the family fraud was eventually
caught, it resulted in an SEC
investigation, a Chapter 11 bankruptcy filing, and multiple
indictments and heavy sentences. The
perpetrators (namely, John Rigas and his sons) were charged with
the following counts:
Violation of the RICO Act
Breach of fiduciary duties
Waste of corporate assets
Abuse of control
Breach of contract
Unjust enrichment
Fraudulent conveyance
Conversion of corporate assets
Until he was convicted of serious fraud, everybody loved John Rigas. He was trusted and respected in the small town of Coudersport and famous for his charitable contributions and abilityto make friends. He had become a role model for others to follow. With a movie theater and a $300 cable tower, he had built one of the biggest empires in the history of cable television. From small beginnings, he became a multimillion-dollar family man who stressed good American values. But his goodness only masked the real John Rigas, and in the end, it was his greed and deceit that ultimately cost him and his family everything.
|
Read this as a fraud examiner hired by the prosecution as an expert witness. What are some of the facts of the case that you would pay special attention to and advise the prosecutor to pursue for further investigation? Identify three (3) items and explain why they are significant to a fraud examiner. |
In: Accounting
Northwood Company manufactures basketballs. The company has a ball that sells for $25. At present, the ball is manufactured in a small plant that relies heavily on direct labor workers. Thus, variable expenses are high, totaling $15.00 per ball, of which 60% is direct labor cost.
Last year, the company sold 48,000 of these balls, with the following results:
| Sales (48,000 balls) | $ | 1,200,000 |
| Variable expenses | 720,000 | |
| Contribution margin | 480,000 | |
| Fixed expenses | 319,000 | |
| Net operating income | $ | 161,000 |
Required:
1. Compute (a) last year's CM ratio and the break-even point in balls, and (b) the degree of operating leverage at last year’s sales level.
2. Due to an increase in labor rates, the company estimates that next year's variable expenses will increase by $3.00 per ball. If this change takes place and the selling price per ball remains constant at $25.00, what will be next year's CM ratio and the break-even point in balls?
3. Refer to the data in (2) above. If the expected change in variable expenses takes place, how many balls will have to be sold next year to earn the same net operating income, $161,000, as last year?
4. Refer again to the data in (2) above. The president feels that the company must raise the selling price of its basketballs. If Northwood Company wants to maintain the same CM ratio as last year (as computed in requirement 1a), what selling price per ball must it charge next year to cover the increased labor costs?
5. Refer to the original data. The company is discussing the construction of a new, automated manufacturing plant. The new plant would slash variable expenses per ball by 40.00%, but it would cause fixed expenses per year to double. If the new plant is built, what would be the company’s new CM ratio and new break-even point in balls?
6. Refer to the data in (5) above.
a. If the new plant is built, how many balls will have to be sold next year to earn the same net operating income, $161,000, as last year?
b. Assume the new plant is built and that next year the company manufactures and sells 48,000 balls (the same number as sold last year). Prepare a contribution format income statement and compute the degree of operating leverage.
Complete this question by entering your answers in the tabs below.
|
Due to an increase in labor rates, the company estimates that next year's variable expenses will increase by $3.00 per ball. If this change takes place and the selling price per ball remains constant at $25.00, what will be next year's CM ratio and the break-even point in balls? (Round "CM Ratio" to 2 decimal places and "Unit sales to break even" to the nearest whole unit.)
|
Refer to the data in Required (2). If the expected change in variable expenses takes place, how many balls will have to be sold next year to earn the same net operating income, $161,000, as last year? (Round your answer to the nearest whole unit.)
|
Refer again to the data in Required (2). The president feels that the company must raise the selling price of its basketballs. If Northwood Company wants to maintain the same CM ratio as last year (as computed in requirement 1a), what selling price per ball must it charge next year to cover the increased labor costs? (Round your answer to 2 decimal places.)
|
Refer to the original data. The company is discussing the construction of a new, automated manufacturing plant. The new plant would slash variable expenses per ball by 40.00%, but it would cause fixed expenses per year to double. If the new plant is built, what would be the company’s new CM ratio and new break-even point in balls? (Round "CM Ratio" to 2 decimal places and "Unit sales to break even" to the nearest whole unit.)
Show less
|
If the new plant is built, how many balls will have to be sold next year to earn the same net operating income, $161,000, as last year? (Round your answer to the nearest whole unit.)
|
Assume the new plant is built and that next year the company manufactures and sells 48,000 balls (the same number as sold last year). Prepare a contribution format income statement and compute the degree of operating leverage. (Round "Degree of operating leverage" to 2 decimal places.)
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In: Accounting
2.
Northwood Company manufactures basketballs. The company has a ball that sells for $25. At present, the ball is manufactured in a small plant that relies heavily on direct labor workers. Thus, variable expenses are high, totaling $15.00 per ball, of which 60% is direct labor cost.
Last year, the company sold 62,000 of these balls, with the following results:
| Sales (62,000 balls) | $ | 1,550,000 |
| Variable expenses | 930,000 | |
| Contribution margin | 620,000 | |
| Fixed expenses | 426,000 | |
| Net operating income | $ | 194,000 |
Required:
1. Compute (a) last year's CM ratio and the break-even point in balls, and (b) the degree of operating leverage at last year’s sales level.
2. Due to an increase in labor rates, the company estimates that next year's variable expenses will increase by $3.00 per ball. If this change takes place and the selling price per ball remains constant at $25.00, what will be next year's CM ratio and the break-even point in balls?
3. Refer to the data in (2) above. If the expected change in variable expenses takes place, how many balls will have to be sold next year to earn the same net operating income, $194,000, as last year?
4. Refer again to the data in (2) above. The president feels that the company must raise the selling price of its basketballs. If Northwood Company wants to maintain the same CM ratio as last year (as computed in requirement 1a), what selling price per ball must it charge next year to cover the increased labor costs?
5. Refer to the original data. The company is discussing the construction of a new, automated manufacturing plant. The new plant would slash variable expenses per ball by 40.00%, but it would cause fixed expenses per year to double. If the new plant is built, what would be the company’s new CM ratio and new break-even point in balls?
6. Refer to the data in (5) above.
a. If the new plant is built, how many balls will have to be sold next year to earn the same net operating income, $194,000, as last year?
b. Assume the new plant is built and that next year the company manufactures and sells 62,000 balls (the same number as sold last year). Prepare a contribution format income statement and compute the degree of operating leverage
Req1
Compute (a) last year's CM ratio and the break-even point in balls, and (b) the degree of operating leverage at last year’s sales level. (Round "Unit sales to break even" to the nearest whole unit and other answers to 2 decimal places.)
CM Ratio
Unit Sales to Break Even
Degree of Operating Leverage
Req2
Due to an increase in labor rates, the company estimates that next year's variable expenses will increase by $3.00 per ball. If this change takes place and the selling price per ball remains constant at $25.00, what will be next year's CM ratio and the break-even point in balls? (Round "CM Ratio" to 2 decimal places and "Unit sales to break even" to the nearest whole unit.)
CM Ratio
Unit Sales to Break Even
Req3
Refer to the data in Required (2). If the expected change in variable expenses takes place, how many balls will have to be sold next year to earn the same net operating income, $194,000, as last year? (Round your answer to the nearest whole unit.)
Number of Balls
Req4
Refer again to the data in Required (2). The president feels that the company must raise the selling price of its basketballs. If Northwood Company wants to maintain the same CM ratio as last year (as computed in requirement 1a), what selling price per ball must it charge next year to cover the increased labor costs? (Round your answer to 2 decimal places.)
Selling Price
Req5
Refer to the original data. The company is discussing the construction of a new, automated manufacturing plant. The new plant would slash variable expenses per ball by 40.00%, but it would cause fixed expenses per year to double. If the new plant is built, what would be the company’s new CM ratio and new break-even point in balls? (Round "CM Ratio" to 2 decimal places and "Unit sales to break even" to the nearest whole unit.)
CM Ratio
Unit Sales to Break even
Req6a
If the new plant is built, how many balls will have to be sold next year to earn the same net operating income, $194,000, as last year? (Round your answer to the nearest whole unit.)
Number of Balls
Req6b
Assume the new plant is built and that next year the company manufactures and sells 62,000 balls (the same number as sold last year). Prepare a contribution format income statement and compute the degree of operating leverage. (Round "Degree of operating leverage" to 2 decimal places.)
In: Accounting