Case – Recreational Park Project

The public has recognized the benefits of recreation and parks as essential to their health and quality of life. A recent survey conducted in 2016 found that the construction of more recreational facilities was a top priority among residents in Lazarette Town (in the Caribbean).

As such, the town council in Lazarette, with the help of other key stakeholders, has sourced and secured three (3) million dollars of grant funds from the Caribbean Wellness Community (CWC) for the development of a mini outdoor recreational park on three (3) acres of land donated by a benevolent resident of the town.

The park will contain sporting facilities among other recreational facilities (e.g. walking trails, children playground, tennis court, basketball court, work out stations, benches, shower facilities, rest rooms etc.). All major key stakeholders and sponsors have unanimously agreed that that the facility should cater for residents of all ages. Additionally, a group of minority stakeholders has expressed their requirements of having an eco-friendly and climate resilient facility. The park should be completed and ready for use by 2022, i.e. the project duration should not exceed two years.

To ensure that the project is completed on time, within scope and on budget, the funding agency and the Lazarette Town Council require that a dedicated and knowledgeable project team is assigned to the project. CWC has expressed the need for the project deliverables to be of ‘high’ quality to guarantee stakeholders’ satisfaction and safety. The CWC requires that ‘tight’ procurement processes should be followed to ensure transparency, accountability and economy. It is anticipated that most of the goods, works and services for building the park will be procured from vendors, suppliers and contractors in the town. In addition, CWC has detailed the need for both positive and negative projects risk to be properly managed throughout the project.

In response to CWC implied and expressed requirements, the Lazarette Town Council has selected and appointed your team to provide project management services for the Recreational Park Project. As a proactive team, your team has decided to use ‘best practices’ in project management to plan project activities and get approval from key project stakeholders before constructing or building the facility. Give the type and nature of the project, the intention is to use a traditional/waterfall approach to project management activities instead of the largely popular and contemporary agile methodology used other industries.

Your team understands the value of planning before doing, and the council’s concerns of not losing the grant funding from CWC. In addition, your team is keen on building a good reputation in the

town. With a can do attitude and the need to increase the chances of the project success, the project management team (your 5-member group) is determined to ensure that the team utilizes the ‘best practices’ for planning, executing and controlling this valuable community based project.

1. Justify the need to effectively manage quality for the project.

formance lg3 lg4 mary and nick ...

Question: Case Problem 13.1 Assessing the Stalchecks’s Portfolio Performance LG3 LG4 Mary and Nick Stalchec...

Case Problem 13.1
Assessing the Stalchecks’s Portfolio Performance
LG3 LG4 Mary and Nick Stalcheck have an investment portfolio containing 4 investments. It was developed to provide them with a balance between current income and capital appreciation. Rather than acquire mutual fund shares or diversify within a given class of investments, they developed their portfolio with the idea of diversifying across various asset classes. The portfolio currently contains common stock, industrial bonds, mutual fund shares, and options. They acquired each of these investments during the past 3 years, and they plan to purchase other investments sometime in the future.
Currently, the Stalchecks are interested in measuring the return on their investment and assessing how well they have done relative to the market. They hope that the return earned over the past calendar year is in excess of what they would have earned by investing in a portfolio consisting of the S&P 500 Stock Composite Index. Their research has indicated that the risk-free rate was 7.2% and that the (before-tax) return on the S&P 500 portfolio was 10.1% during the past year. With the aid of a friend, they have been able to estimate the beta of their portfolio, which was 1.20. In their analysis, they have planned to ignore taxes because they feel their earnings have been adequately sheltered. Because they did not make any portfolio transactions during the past year, all of the Stalchecks’s investments have been held more than 12 months, and they would have to consider only unrealized capital gains, if any. To make the necessary calculations, the Stalchecks have gathered the following information on each investment in their portfolio.
Common stock. They own 400 shares of KJ Enterprises common stock. KJ is a diversified manufacturer of metal pipe and is known for its unbroken stream of dividends. Over the past few years, it has entered new markets and, as a result, has offered moderate capital appreciation potential. Its share price has risen from $17.25 at the start of the last calendar year to $18.75 at the end of the year. During the year, quarterly cash dividends of $0.20, $0.20, $0.25, and $0.25 were paid.
Industrial bonds. The Stalchecks own 8 Cal Industries bonds. The bonds have a $1,000 par value, have a 9.250% coupon, and are due in 2024. They are A-rated by Moody’s. The bonds were quoted at 97.000 at the beginning of the year and ended the calendar year at 96.375%.
Mutual fund. The Stalchecks hold 500 shares in the Holt Fund, a balanced, no-load mutual fund. The dividend distributions on the fund during the year consisted of $0.60 in investment income and $0.50 in capital gains. The fund’s NAV at the beginning of the calendar year was $19.45, and it ended the year at $20.02.
Options. The Stalchecks own 100 options contracts on the stock of a company they follow. The value of these contracts totaled $26,000 at the beginning of the calendar year. At year-end the total value of the options contracts was $29,000.
Questions
a.   Calculate the holding period return on a before-tax basis for each of these 4 investments.
b.   Assuming that the Stalchecks’s ordinary income is currently being taxed at a combined (federal and state) tax rate of 38% and that they would pay a 15% capital gains tax on dividends and capital gains for holding periods longer than 12 months, determine the after-tax HPR for each of their 4 investments.
c.   Recognizing that all gains on the Stalchecks’s investments were unrealized, calculate the before-tax portfolio HPR for their 4-investment portfolio during the past calendar year. Evaluate this return relative to its current income and capital gain components.
d.   Use the HPR calculated in question c to compute Jensen’s measure (Jensen’s alpha). Use that measure to analyze the performance of the Stalchecks’s portfolio on a risk-adjusted, market-adjusted basis. Comment on your finding. Is it reasonable to use Jensen’s measure to evaluate a 4-investment portfolio? Why or why not?
e.   On the basis of your analysis in questions a, c, and d, what, if any, recommendations might you offer the Stalchecks relative to the revision of their portfolio? Explain your recommendations

show how to get from a to b.

7. When the price of Coke rises, we see that consumers shift to purchase more Pepsi which is still cheaper. This statement describes:

    A)    An inferior good.    

    B)    The rationing function of prices.

    C)    The substitution effect.

     D)    The income effect.

Find the computational complexity i.e. O(n) etc. for the following four loops and explain why you came to that answer:

1. for (cnt1 = 0, i = 1; i <= n; i++)
   for (j = 1; j <= n; j++)
   cnt1++;
2. for (cnt2 = 0, i = 1; i <= n; i++)
   for (j = 1; j <= i; j++)
   cnt2++;
3. for (cnt3 = 0, i = 1; i <= n; i*=2)
   for (j = 1; j <= n; j++)
   cnt3++;
4. for (cnt4 = 0, i = 1; i <= n; i*=2)
   for (j = 1; j <= i; j++)
   cnt4++

CHAPTER 21 (12.)

Portions of the financial statements for Parnell Company are provided below.

Required:

1. Prepare the cash flows from operating activities section of the statement of cash flows for Parnell Company using the direct method.
2. Prepare the cash flows from operating activities section of the statement of cash flows for Parnell Company using the indirect method.

History Question

How do you think would history have been different if Lincoln had not been assassinated? How might his leadership after the war have differed from that of Andrew Johnson?

What do you think would be the toughest part about working with the union issues as a security manager?

1) Eagle Fabrication has the following aggregate demand requirements and other data for the upcoming four quarters.

Which of the following production plans is better: Plan A—chase demand by hiring and layoffs; or

Plan B—produce at a constant rate of 1200 and obtain the remainder from overtime?

Finish the calculation and show all work!

Plan A:

                                               Eagle Fabrication Solution

Plan B:

                                             Eagle Fabrication Solution

Answer:

I am writing a scheme function that pairs an element to every element in a list, and I have the following code so far:

(define (pair-element e l)   
(cond ((null? l) (list e))
(else (cons e (car l)) (pair-element (cdr l)))))
(pair-element 4 `(4 3 5))

What is my error? I'm getting a pair element mismatch when I run it. I need to do this without using built-in functions. Thanks!

For a given CPU, the cycle latency for a set of operations are given as follows:

Addition: 4

Subtraction: 8

Multiplication: 64

Division: 80

If the clock of this CPU runs at 3GHz, find the following

How many operations of each of the list above can this CPU perform in 5 minutes?

If we have a set of operations that contains 10^9 of each operation in the list in part 1, compute the required time in seconds to execute the set. Please explain the formula used.

Sadik Industries must install $1 million of new machinery in its Texas plant. It can obtain a bank loan for 100% of the required amount. Alternatively, a Texas investment banking firm that represents a group of investors believes that it can arrange for a lease financing plan. Assume that these facts apply:

1. The equipment falls in the MACRS 3-year class.
2. Estimated maintenance expenses are $46,000 per year.
3. The firm's tax rate is 31%.
4. If the money is borrowed, the bank loan will be at a rate of 13%, amortized in six equal installments at the end of each year.
5. The tentative lease terms call for payments of $280,000 at the end of each year for 3 years. The lease is a guideline lease.
6. Under the proposed lease terms, the lessee must pay for insurance, property taxes, and maintenance.
7. Sadik must use the equipment if it is to continue in business, so it will almost certainly want to acquire the property at the end of the lease. If it does, then under the lease terms it can purchase the machinery at its fair market value at Year 3. The best estimate of this market value is $160,000, but it could be much higher or lower under certain circumstances. If purchased at Year 3, the used equipment would fall into the MACRS 3-year class. Sadik would actually be able to make the purchase on the last day of the year (i.e., slightly before Year 3), so Sadik would get to take the first depreciation expense at Year 3 (the remaining depreciation expenses would be at Year 4 through Year 6). On the time line, Sadik would show the cost of the used equipment at Year 3 and its depreciation expenses starting at Year 3.

The data has been collected in the Microsoft Excel Online file below. Open the spreadsheet and perform the required analysis to answer the questions below.

Open spreadsheet

To assist management in making the proper lease-versus-buy decision, you are asked to answer the following questions:

1. What is the net advantage of leasing? Should Sadik take the lease? Do not round intermediate calculations. Round your answer to the nearest dollar.

   Net advantage of leasing $  

   Since the cost of leasing the machinery is _________lessgreater than the cost of owning it, the firm should _______leasebuy the equipment.

2. The decision almost can be considered a bet on the future residual value. Do you think the residual cash flows are equal in risk to the other cash flows? (Hint: if you discount a negative cash flow at a higher rate, you get a better NPV — the NPV of a negative cash flow stream is less negative at high discount rates.)

   _____Yes.No.

Distinguish among three approaches to how decisions are made: the rational-economic model, the administrative model, and image theory.

Please make your Task class serializable with a parameterized and copy constructor, then create a TaskListDemo with a main( ) method that creates 3 tasks and writes them to a binary file named "TaskList.dat". We will then add Java code that reads a binary file (of Task objects) into our program and displays each object to the console. More details to be provided in class.

Here is a sample transaction with the user (first time the code is run):

Previously saved Tasks from binary file:
[None, please enter new Tasks]

Please enter task name (or "quit" to exit): Ace CS 112 Final Exam
Please enter due date (in form MM/DD/YYYY): 10/10/2019
Please enter deadline : 3:20 PM
Please enter priority : 1

After 1 Task has been saved (second time the code is run):

Previously saved Tasks from binary file:
Task [name=Ace CS 112 Midterm Exam, dueDate=10/10/2019, deadline=3:20 PM, priority=High]

Please enter task name (or "quit" to exit): quit

I don't know how to print the priorities High, medium, and Low in the toString method to where it is stored in the binary file after the user types 1, 2, or 3. 1 for high, 2 for medium, and 3 for low.

import java.io.*;
import java.util.Scanner;

public class IC10_TaskList {

    public static void main(String[] args) {

        String name, dueDate, deadline;
        int priority;
        Scanner keyboard = new Scanner(System.in);

        Task[] allTasks = new Task[10];
        int count = 0;

        File binaryFile = new File("Task.dat");

        try {

            System.out.println("\nPreviously saved tasks from the binary file:");

            if (binaryFile.exists()) {
                ObjectInputStream inFile = new ObjectInputStream(new FileInputStream(binaryFile));

                allTasks = (Task[]) inFile.readObject();

                inFile.close();

                for(int i = 0; i < allTasks.length; i++){

                    if(allTasks[i] != null){
                        System.out.println(allTasks[i]);
                        count++;
                    }

                    else
                        break;
                }
            }

            else
                System.out.println("[None, Please enter new task data]");

        }

        catch(IOException e){

            System.err.println("Cannot find Task.dat");
        }

        catch(ClassNotFoundException e){

            System.err.println("Serial Task version does not match.");
        }
        do{
            System.out.print("\nPlease enter task name(or \"quit\" to exit): ");
            name = keyboard.nextLine();
            if(name.equalsIgnoreCase("quit"))
                break;
            System.out.print("Please enter due date(in form MM/DD/YYYY): ");
            dueDate = keyboard.nextLine();
            System.out.print("Please enter deadline: ");
            deadline = keyboard.nextLine();
            System.out.print("Please enter priority: ");
            priority = keyboard.nextInt();

            allTasks[count++] = new Task(deadline, dueDate, name, priority);

            keyboard.nextLine();

        } while(!name.equalsIgnoreCase("quit"));

        try{
            ObjectOutputStream outFile = new ObjectOutputStream(new FileOutputStream(binaryFile));

            outFile.writeObject(allTasks);

            outFile.close();
        }

        catch(IOException e){

            System.err.println("File Task.dat cannot be found and/or written.");
        }
    }
}

import java.io.Serializable;
import java.util.Objects;

public class Task implements Serializable {

    public static final long serialVersionUID = 1;

    private String mDeadline;
    private String mDueDate;
    private String mName;
    private int mPriority, mChoice;

    public Task(String deadline, String dueDate, String name, int priority) {
        mDeadline = deadline;
        mDueDate = dueDate;
        mName = name;
        mPriority = priority;
    }

    public String getDeadline() {
        return mDeadline;
    }

    public void setDeadline(String deadline) {
        mDeadline = deadline;
    }

    public String getDueDate() {
        return mDueDate;
    }

    public void setDueDate(String dueDate) {
        mDueDate = dueDate;
    }

    public String getName() {
        return mName;
    }

    public void setName(String name) {
        mName = name;
    }

    public int getPriority() {
        return mPriority;
    }

    public void setPriority(int priority) {
        mPriority = priority;
    }

    @Override
    public boolean equals(Object o) {
        if (this == o) return true;
        if (o == null || getClass() != o.getClass()) return false;
        Task task = (Task) o;
        return mPriority == task.mPriority &&
                mDeadline.equals(task.mDeadline) &&
                mDueDate.equals(task.mDueDate) &&
                mName.equals(task.mName);
    }

    @Override
    public int hashCode() {
        return Objects.hash(mDeadline, mDueDate, mName, mPriority);
    }

    @Override
    public String toString() {
        return "Task[" +
                "Name = " + mName +
                ", Due Date = " + mDueDate +
                ", Deadline = " + mDeadline +
                ", Priority = " + mPriority +
                "]";
    }
}