Contractor performed considerable work on a project. Owner then became insolvent, leaving Contractor unpaid. Contractor tried to recover payment from the undisbursed construction loan proceeds being held by Owner's bank. Contractractor argued that it was a beneficiary of the loan agreement between bank and Owner. Bank refused to make payment.

Discussion

Do you agree with the Contractor's argument? Does the bank have any contractual obligation to disburse the unused loan to the contractor? How would you prevent this kind of financial risk?

Students will design a mutually operating gear system under the conditions given in this question. (Sizing will be done as a result of calculations according to working conditions, material, construction status and strength). In this design, shaft and bearing calculations will not be made. Only mutual gears will be designed according to the data and acceptance. The student will make assumptions for the values and information that are not given and will explain why he made this assumption.

Input Power: 8 Kw

Input Cycle : 1224

Cycle Rate: 4

Gear Material: 1050 Steel

Under the Constitution and our federal system of government, some powers are reserved for the national government and some for the state governments; and, some are shared. Please tell us about laws and regulations you work with in your daily lives. Try to list some of each. Example -- If we take the bus, the registration and inspection is a state mandate, while the bus construction is a federal mandate, and emissions controls are mandated by the national government, but inspected by the state. Other examples are work rules, etc.

ABC Zimbabwe Limited is a private company wholly(100%) owned by a Zimbabwean with its headoffice in Harare.The company is into the manufacturing and selling of earth moving equipment to the mines,construction companies and the government in the country and the COMESA region.You have been appointed as the marketing manager for ABC Zimbabwe Limited and your first task is to present a single paper to management identifying and recommending the type of marketing channels the organisation would use,the function of the marketing channels and the criteria you would use to select the channels if any?

An investment company intends to invest a given amount of money in three stocks.

The means and standard deviations of annual returns are as follows:

Construct the efficient frontier for portfolios of these stocks. Please explain the involved steps in your modeling and construction.

Kay Construction has the following mutually exclusive projects available. The company has historically used a three year cutoff for projects. The required return is 12 percent.

Year. Project A Project B

0. -$126,000. -$196,000

1. 64500. 44500

2. 45500. 59500

3. 55500. 85500

4. 50500. 115500

5. 45500. 130500

a. Calculate the payback period for both projects.

b. Calculate the NPV for both projects.

c. Which project, if any, should the company accept?

No Hand drawings, please.

Consider the following scenario and then answer the corresponding questions.

ABC Travel and Tourism specializes in providing tourist packages to customers across the globe and the company has decided to develop an in-house software system that will help customers search for travel destinations based on popularity, budget, visa restrictions, government policies and attractive climatic conditions. Customers will also be able to book their air tickets, hotel and transportation (rental car, public transportation, cab services) through this system. Prior to the booking, the system will allow users to check for their visa eligibility to travel to destinations outside of their country of citizenship. Users will also be able to review and rate destinations or hotels using the system. The company also offers pre-set packages and if a customer decides to go with a specific package, they will be asked to provide the dates for their travel. The system will find an airline reservation, hotel/ transportation choices and create an itinerary for the customer. Customers will not be allowed to customize the pre-set packages.

Once the booking is done, the system should send a notification to the users on the purchase confirmation within 2 hours. Cancellations will incur a 25% penalty, if users are “Gold” members. In all other cases, the reservations will be non-refundable. Customers can pay using their credit cards or Paypal.

Upon your review complete the following:

1. Identify ALL MAJOR the tables relevant this case, the primary key, foreign keys, attributes and data types. For each table, list the fields, description, datatype and description about that field as suggested in the format below. (30 pts). (Hint: Refer to your class diagram).

2. Apply 1^st, 2^nd and 3^rd normalization rules for your tables. Explain how each table satisfies these normalization rules. (Hint: You may end up creating intersection tables as needed, in addition to the tables identified for question #1). (20 points)

(Please see normalization examples from the lecture notes and show the normalization process for the tables as applicable)

3. Draw an ER diagram for this case including the tables, relationships, cardinality and all the fields. (10 points)

FRAUDD EXAMINATION

Case 4

Stephanie Adkins is an accountant who is trained in forensic accounting. She is an experienced fraud investigator. She was recently hired by Lake Side Hotels, a closely-held corporation, to investigate a company manager who is suspected of taking kickbacks from vendors.

Stephanie gave Lake Side her standard engagement letter stating that the scope of the engagement would be limited to investigating only one suspect. It did not guarantee findings or results.

According to the provisions of Stephanie’s engagement, she was to communicate directly with Bernie James, the company’s controller, and Amanda Peterson, the outside attorney.

At the first meeting of this team, Bernie indicated that Lake Side had received four separate anonymous tips about possible kickbacks. All the tips indicated that Laurie Miller, an evening manager, was taking kickbacks from food vendors. One tip named a particular vendor, the Mid States Beef Source, a company that supplies meat to the hotel’s restaurants.

Stephanie asked if Bernie had any documentation that supports Laurie Miller’s possible involvement in kickbacks. Bernie had no documentation but hoped Stephanie could help them substantiate the information from the anonymous tips. He was concerned that kickbacks would hurt the hotel financially.

Amanda, the outside attorney, said that she had already talked to several hotel employees and was convinced that Laurie was guilty.

Kickback schemes can be difficult to uncover, so Stephanie wanted to proceed cautiously.

Bernie wanted to confront Laurie immediately. He was convinced she would confess if he told her that he had evidence against her.

Stephanie asked what evidence Bernie had. Bernie said, “Only the anonymous tips, but I know she will confess if we bluff.” It was against Stephanie’s professional principles to lie and she said so.

“Detectives do it all the time on cop shows,” Bernie said. Stephanie insisted she would need to run the investigation her way or she wouldn’t be able to undertake this engagement.

In relation to this scenario, write responses to the following:

What steps might Stephanie follow to proceed with her investigation?

What mistakes, if any, have already been made in the investigation?