Nathan Daniel is a company that produces and retails designer accessories for young professionals. The company partners Nathan Phillips and Daniel Collins, have been best friends since they started university. Both graduated from Majesty University with a major in accounting and a minor in economics. Both found articling positions in a co-op program during their fourth year at Majesty University. After convocation, Daniel went to work for his father’s accounting firm, whereas Nathan worked full-time with the firm where he had articled. After three years, they both passed their national certification exams to become certified accountants.

After two more years of accounting work, the two friends decided to strike out on their own. However, Daniel and Nathan had had enough of spreadsheets, year-end deadlines, and high stress work, and decided to pursue a completely different direction: retail sales of accessories for young, metrosexual professionals. They opened a store in Calgary to sell bags, packs, briefcases, wallets, and other accessories. They also designed some of their own merchandise and sold it under the designer label “Bones.” Thanks to a great cover story in Macleans, the Bones brand became an overnight success, and orders started flooding in.

That was five years ago. Today, in addition to servicing their store in Calgary, Nathan Daniel ships merchandise to other retailers, in Alberta, British Columbia, and Ontario. Over the years, 70% of their annual sales of $3,500,000 have shifted to credit sales to other retailers, with 50% in Alberta, 30% in British Columbia, and 20% in Ontario.

As credit sales have increased, managing the cash cycle and float has become important. Most of the credit customers make payments with cheques that are mailed via Canada Post. Cheques from Alberta usually arrive within one business day of posting, whereas cheques from British Columbia take two days, and those from Ontario take about four days to arrive at the Calgary office. When each cheque arrives at the office, Naomi Mitchell, the office manager takes the cheques out of their envelopes, records them, and puts them aside for deposit at the end of business day. It usually takes about three days for the company’s bank, Bank of Mount Royal to process and clear the cheques, and deposit the money in the company’s account.

In terms of its accounts payable, the company mails its cheques out to its suppliers, all of whom are located in Alberta. The costs of goods sold amounts to approximately 75% of total sales revenue. On average, it takes about one day for suppliers to take their cheques to their banks for deposit, and it takes another three days for their banks to process and clear the cheques.

In the last operating year, the company started the year with payables of $130,000 and ended it with $110,000. Beginning receivables were $175,000, and ending receivables amounted to $145,000; beginning inventory was $80,000, and ending inventory was $120,000; and beginning cash reserves were $20,000, and ending cash reserves were $15,000. Two years ago, Nathan Daniel borrowed $550,000 from the bank at an interest rate of 15% to expand its production and retail facilities. In addition to paying the interest on this loan, they are also repaying 10% of the original principal each year (i.e., it will take another eight years to pay off this loan). At its most recent year-end, the company owned $650,000 in net fixed assets, and Daniel and Nathan had $200,000 in equity in the company. The company uses a line of credit (up to a maximum of $200,000) with its bank to cover shortfalls in its cash-on-hand. The interest on this line of credit is 2% per month.

The manager of the Bank of Mount Royal just phoned Daniel and offered the company same-day deposit for their cheques; this will reduce their availability float to one business day. The fee for this service will be $3,000 per year.

Nathan and Daniel must decide whether this is a good deal or not. At the end of the business week, the partners ordered a large pizza and went to Nathan’s place to hash out their decision. They came up with the following list of questions:

1. What are the company’s inventory period, receivables period, and payables period? (Round all periods to the nearest integer.)   
2. What are the company’s operating and cash cycles?                
3. How do the company’s operating and cash cycles compare to the industry average of 30 and 20 days, respectively?                               
4. If the company’s customers’ average cash cycle and operating cycle are 30 and 40 days, respectively, what can we say about the company’s credit management policy of net 30?                                              
5. What is the company’s average daily collection float? What is its average daily disbursement float? (Use the average mail float to calculate the collection delay, use the average daily cost of goods sold to calculate the average daily disbursement float, and use the average daily credit sales to calculate the average daily collection float.                           
6. What is the company’s net float?                                           
7. What is the effective annual interest rate on the company’s line of credit? What is the annual short-term interest expense based on this effective annual rate? Assume that the ending short-term borrowing amount is the average short-term borrowing amount. This average amount can then be multiplied with the effective annual interest rate to obtain the short-term interest expense. Note that you will need to construct the Statement of Financial Position to find the ending short-term borrowing amount.      
8. What will be the net float if Nathan Daniel takes up the Bank of Mount Royal’s offer for same-day deposit of their cheques?              
9. How much additional cash will be made available if the company takes up the Bank of Mount Royal’s offer for same-day deposit of their cheques? (Assume that on average, sales will remain at $3,500,000 each year.)
10. How much does the company have to borrow from its bank to cover net float if they accept the bank’s same-day deposit offer?             
11. Should the partners accept the same-day deposit offer from its bank?

Why is it important for vectors to have their own Ori?

          a.) It isn’t, they are attached to the chromosomal DNA and will divide from its Ori

          b.) The Ori will protect the vector from the organism’s restriction enzymes

          c.) The Ori is what allows us to select for those cells that actually transformed

          d.) It has to be able to replicate independently of the chromosomal DNA

Apply specific models developed from economics to demonstrate how domestic and foreign events (e.g., wars, changes in trade barriers, development abroad) have impacted the level of and changes in imports and exports in the United States from 2000 - 2010.

Please make sure to relate the answer to the time period of 2000 - 2010 in the US.

contribute to this forum by telling us whether you prefer the "mechanistic" view or the "integral" view? Provide evidence from personal experience or from your culture.

(If you think the metaphysical is real, what does that suggest about the ground of ethics?)

Could you please answer this forum Question of Philosophy in 150 words Thanks :)

Requirement: Below are one option of management problem brought to you by Executives of mid-size companies in Atlantic Canada. Design an approach to address this scenario include details on: Literature review methodology (if necessary), ethical considerations (if any), Problem statement (if necessary), Experimental Design (if necessary), Sampling Strategy(if necessary), Suggestions for analytical techniques (if necessary), Measurement method (if necessary), and any other information you deem is important to resolve the scenario using an evidence based management framework.

Leo the founder and president of Leisure Suit Lounge Wear is unsure of how successfully break into the generation Z market and has asked for your help. Leo runs a lounge wear company with the following customer demographics.

He is concerned with aging nature of the customer base of his product and has noted that whilst generation Z (< 25 years old) is a small proportion of his customer base they have a large average spend per customer. He therefore believes that if Leisure Suit Lounge Wear can successfully advertise to younger customers, he could increase profitability and protect the company from a shrinking market share. However, he is unsure of how to advertise to generation Z. His niece has suggested partnering with TikTok influences whereas his sales manager has suggested either a traditional TV advertising campaign or a targeted campaign using internet advertising. In particular he would like to know if social media is a better prospect for advertising to generation Z than traditional advertising and if investing in partnering with influences is an effective method of increasing sales among a younger demographic.

He has asked for you help in applying evidence-based management to improving his sales in the targeted demographic.

Michael Pettis from Peking University wrote in May 2011:“In most countries households typically consume around 60-70 percent of GDP, and even the countries of East Asia that have followed a growth model similar to that of the Chinese, household consumption typically represents 50-55 percent of GDP. In China, a decade ago household consumption represented about 45 percent of GDP.But the story doesn’t end there. Five years ago household consumption in China declined to around 40 percent of GDP. ... Policymakers pledged to take every step necessary to raise household consumption growth and to help re-balance the economy. A few economists remained skeptical. They argued that Beijing would not be able to raise the consumption level because doing so would require fundamental change to the growth model. .... Even the skeptics were wrong. For the next five years GDP growth continued to surge ahead of household consumption growth until by last year household consumption represented an astonishing 36% of GDP.”

a. Using tools from the Solow model of growth, explain how a decrease in the share of consumption (and a corresponding increase in the share of investment) in GDP affects Chinese growth in the short term. How does it affect the long-run steady-state capital stock per worker and the marginal productivity of capital in this eventual steady state? What might be the implications for consumer welfare (as opposed to the size of the capital stock and the size of the GDP)?

b. What is the logic behind the statement that China can keep investing in new capital “without running into diminishing returns, because it can keep drawing new labor from the countryside?” [Hint: recall the concepts of constant returns to scale in the production function versus diminishing returns to a given factor of production.]

Lois (DOB September 25, 1949) must take her first required minimum distribution from her traditional IRA by what date?

April 1, 2020.

April 1, 2021.

April 1, 2022.

April 1, 2023.

list five primary literature journal club topics related to the field of pharmacy, more focus on medications and the elderly population.
the articles should be primary literature articles from 2018 to 2020.
i wish to use the articles for journal club presentation

QUESTION 1

Mick, Mark and Mike are directors and shareholders of MMM Hotels Pty. Ltd. Mick, the founder of the company, owns 80% of the shares while Mark and Mike each own 10% of the shares in the company.

Mick is also a single director and shareholder of CAT Construction Pty Ltd.

Mick convinced the board of MMM Hotels that the company could improve its position by refurbishing and expanding one of its hotels. The expansion required Council approval and a loan of $2.5 million.

Mick sought quotes from other construction companies (which exceeded the quote from CAT Construction) and ensured the quote from CAT Construction is well below these other quotes.

At the Board meeting, Mick showed Mark and Mike various financial figures, prepared by Ned, the newly hired graduate accountant at MMM Hotels and said “Ned is confident the company would benefit financially if we go ahead with this”. None of the directors understood the financial figures and had not realised the company’s cash flow was low and that the loan could lead the company into insolvency. Mark and Mike were unaware that Mick was also a director and shareholder at CAT Construction.

At the Board meeting, Mick further represented that “Council approval for this expansion is not a problem – our competitors have done similar expansions and have managed to get Council approval in a month or so.”

Mark and Mike relied on Mick’s representations to the Board meeting, as they were excited about the refurbishment and the potential for profits to increase and hence their remuneration to rise accordingly.

Mick had assumed that Council approval would be easily granted and did not attempt to seek approval until after Mark and Mike had signed the contract with CAT Construction. In the meantime, CAT Construction has commenced work and collected an advance payment of $400,000 from MMM Hotels. Two months after the refurbishment commenced, the Council informed him that the approval was not granted. MMM Hotels was struggling to meet its loan repayments and has become insolvent.

Mark and Mike have now realised the true state of affairs and demand that Mick repay the $400,000 to MMM Hotels at the general meeting. Mick being a majority shareholder in the general meeting passes a resolution ratifying the contract with CAT Construction

Answer the following questions:

1. Advise Mick, Mark and Mike whether they have breached any of the directors’ duties under the Corporations Act 2001 (Cth). 2 marks

2. Advise what if any defences are available to Mick, Mark and Mike 2 marks

3. Advise Mark and Mike what member’s remedies are suitable for them in the circumstances where Mick being a majority shareholder in the general meeting passes a resolution ratifying the contract with CAT Construction 2 marks

As things transpired, the directors had no alternative but to place MMM Hotels into voluntary administration and it was subsequently placed into liquidation.

4. The liquidator now desires to commence an action against the directors alleging the directors for insolvent trading. Advise 2 marks

5. The liquidator also desires to recover the $400,000 payment to CAT Construction, a related entity to Mick, under Part 5.7B Div 2 of the Corporations Act. Advise