In: Operations Management
Steam at 10 MPa , 600 ° C enters the first - stage turbine of an ideal Rankine cycle with reheat . The steam leaving the reheat section of the steam generator is at 500 ° C , and the condenser pressure is 6 kPa . If the quality at the exit of the second stage turbine is 90 % , determine the cycle thermal efficiency .
In: Mechanical Engineering
What are leadership principle in adoption of emerging digital technologies?
In: Operations Management
Have you ever been a gig worker? A recent study found that 37 percent of U.S. workers participate in the gig economy, and government and other estimates say 40 percent will be working outside traditional full-time jobs by 2020. Clearly the gig economy is not a fad. The issue is often whether it benefits only the company or also the worker. Do people actually like being gig workers, or has the economy forced them into it, sometimes by taking second and third jobs?
A national survey by the Freelancers Union found that two in
three of the 55 million U.S. workers who
freelanced in 2016 did so because they wanted to, not because they
were forced to; the other one-third did it out of necessity.70
Although motivations for gig work may vary, it is clear that
employers are benefitting. Of course, part-time contract workers
are not new. What is new is the way gig work has spread to many
white-collar professions. Here are two examples.
Joseph creates websites for a marketing company and a digital content studio. He also creates and edits motion graphics. “It’s been a fun ride, tiring but fun,” he says. “Finding time is always the struggle. I’m working on a freelance project every weekend.” Joseph thinks gig work has helped him improve his graphic skills faster than he might have done in a traditional job. “I get to move around to different companies, and if one thing falls out, I still have other things I can fall back on—and it keeps me sharp.”
Nicole, a mother of three, is a full-time clerk at a law firm, but she decided she needed extra money and signed up with a work-at-home call center. Her husband has joined too. Nicole says her gig job is one she could continue when she retires, and she likes that possibility.
“This is the future of work,” says Diane Mulcahy, a private
equities investor whose clients often benefit
financially from the use of gig workers. “The full-time employee is
getting to be the worker of last
resort.”
• Aside from the lack of benefits, what are the potentially
negative effects for society of the gig
economy?
• What happens to the concept of loyalty between worker and
employer if we move to a mostly gig
economy? Will that result be negative or positive? For whom, and
why?
In: Operations Management
Millions of t tons |
Probability |
10 |
10 |
12 |
25 |
14 |
30 |
16 |
20 |
18 |
15 |
In: Operations Management
What is a global entrepreneur and how is this different for other entrepreneurs? Can anyone be a global entrepreneur?
In: Operations Management
Financing Deficit
Garlington Technologies Inc.'s 2016 financial statements are shown below:
Balance Sheet as of December 31, 2016
Cash | $ 180,000 | Accounts payable | $ 360,000 | |
Receivables | 360,000 | Notes payable | 156,000 | |
Inventories | 720,000 | Line of credit | 0 | |
Total current assets | $1,260,000 | Accruals | 180,000 | |
Fixed assets | 1,440,000 | Total current liabilities | $ 696,000 | |
Common stock | 1,800,000 | |||
Retained earnings | 204,000 | |||
Total assets | $2,700,000 | Total liabilities and equity | $2,700,000 |
Income Statement for December 31, 2016
Sales | $3,600,000 |
Operating costs | 3,279,720 |
EBIT | $ 320,280 |
Interest | 18,280 |
Pre-tax earnings | $ 302,000 |
Taxes (40%) | 120,800 |
Net income | 181,200 |
Dividends | $ 108,000 |
Suppose that in 2017 sales increase by 20% over 2016 sales and that 2017 dividends will increase to $132,000. Forecast the financial statements using the forecasted financial statement method. Assume the firm operated at full capacity in 2016. Use an interest rate of 9%, and assume that any new debt will be added at the end of the year (so forecast the interest expense based on the debt balance at the beginning of the year). Cash does not earn any interest income. Assume that the all new-debt will be in the form of a line of credit. Round your answers to the nearest dollar. Do not round intermediate calculations.
Garlington Technologies Inc. Pro Forma Income Statement December 31, 2017 |
|||
Sales | $ | ||
Operating costs | $ | ||
EBIT | $ | ||
Interest | $ | ||
Pre-tax earnings | $ | ||
Taxes (40%) | $ | ||
Net income | $ | ||
Dividends: | $ | ||
Addition to RE: | $ |
Garlington Technologies Inc. Pro Forma Balance Statement December 31, 2017 |
|||
Cash | $ | ||
Receivables | $ | ||
Inventories | $ | ||
Total current assets | $ | ||
Fixed assets | $ | ||
Total assets | $ | ||
Accounts payable | $ | ||
Notes payable | $ | ||
Accruals | $ | ||
Total current liabilities | $ | ||
Common stock | $ | ||
Retained earnings | $ | ||
Total liabilities and equity | $ |
In: Finance
Broussard Skateboard's sales are expected to increase by 20% from $8.4 million in 2016 to $10.08 million in 2017. Its assets totaled $5 million at the end of 2016. Broussard is already at full capacity, so its assets must grow at the same rate as projected sales. At the end of 2016, current liabilities were $1.4 million, consisting of $450,000 of accounts payable, $500,000 of notes payable, and $450,000 of accruals. The after-tax profit margin is forecasted to be 6%, and the forecasted payout ratio is 70%. What would be the additional funds needed?
In: Finance
Broussard Skateboard's sales are expected to increase by 15% from $8.0 million in 2016 to $9.20 million in 2017. Its assets totaled $5 million at the end of 2016. Broussard is already at full capacity, so its assets must grow at the same rate as projected sales. At the end of 2016, current liabilities were $1.4 million, consisting of $450,000 of accounts payable, $500,000 of notes payable, and $450,000 of accruals. The after-tax profit margin is forecasted to be 4%. Assume that the company pays no dividends. Under these assumptions, what would be the additional funds needed for the coming year?
In: Finance
PLEASE READ THIS CAREFULLY FIRST BEFORE ANSWERING!!!!!! A DOWN VOTE WILL BE GIVEN IF YOU JUST PASTE AN ANSWER WITHOUT JUSTIFYING IT LIKE I'M ASKING FOR.
I know this question is already on here but i have seen too many differing answers for a) and ultimately b) & c) so i am after justification for your answer that you provide. The main answers i have seen for a) are 35955.4 Kg/Hr and 44398.3 Kg/Hr dependant on which side they put the 0.9. Again please justify why you put the 0.9 on the side you do.
For b) i have seen 2 differing answers also of 1134.8 and 619 depending on if they convert to Kelvin or not. Again please explain why if you do or don't do so.
a) Dry sat steam at 180 degrees is to be produced in a fire tube boiler from the cooling of 50000 kg h-1 of flue gases from a pressurised combustion process. the gases enters the tubes of the boiler at 1600 degrees and leave at 200 degrees. The feed water is externally pre-heated to 180 degrees before entering the boiler.
The specific heat capacity of the flue gases is 1.15 kj kg-1 k-1
The latent heat of vapourisation of the water at 180 degrees is 2015 kj kg-1
Feed water temp 180 degrees.
Determine amount of steam produced per hour, if total heat loss is 10 percent of the heat available for steam raising.
b) The overall heat transfer coefficient based on the outside area of the tubes is given as 54 Wm-2K-1. Determine the area of heat transfer required to perform this duty
c) The tubes within the boiler are to be 25 mm inside diameter with a wall thickness of 3 mm. The average flue gas velocity through the tubes to maintain the overall heat transfer coefficient value and to minimise pressure losses is to be more than 22 m s–1 and less than 28 m s–1 .
Assuming that the average density of the flue gases is 1.108 kg m–3 , calculate:
i) the minimum and maximum number of tubes in each pass
ii) the overall length of tubes at each of these numbers of tubes
iii) the minimum number of tube passes in each case, if the length of a boiler tube is to be less than 5 metres.
In: Mechanical Engineering
NETWORKING
Suppose within your web browser you click on a link to obtain a web page. The IP address for the associated URL is cached in your local host, so a DNS lookup is not necessary to obtain the IP address. Further suppose that the web page associated with the link, references ten very small objects on the same server. Let RTT0 denote the RTTs between the local host and one of the objects. Assuming zero transmission time of the object, how much time elapses from when the client clicks on the link until the client receives the full web page with:
a.) Non-persistent HTTP?
In: Computer Science
Questions 5, 6, and 7 consider the perfectly competitive market for Honey. Honey is produced by beekeepers, each of which have traditional U-shaped average cost curves. There are many firms in the honey industry, each producing a homogeneous product: honey. Market demand for honey can be characterized as a downward sloping linear function.
Question 5: For this question, ignore any externalities that might be associated with the production of honey. Graphically indicate the demand (D0) and Supply (S0) and the equilibrium in the market for honey. Show the equilibrium price and quantity, Q0 and P0. Indicate on your graph the areas of consumer surplus and producer surplus. What is the output level the Benevolent Dictator would like to see in this market? Why?
Question 6:
Now suppose that scientists have discovered that the production of honey has a very significant positive externality. The main input into honey production, honey bees, are most effective when there are orchards nearby. The bees gather nectar from the orchards and simultaneously pollinate the orchard. This pollination is very valuable to the orchard.
However, honey firms (beekeepers) are not compensated for this positive impact on orchards. This positive externality means that the true marginal social value of producing honey is different than the marginal private value of the consumption of honey. Indeed, the Marginal Social Value for the industry would be the sum of the marginal private value (the demand curve) plus the positive impact each unit of honey production has on orchards. That is, in the eyes of the benevolent dictator, the production of honey has Marginal Social Value per unit higher than the marginal private value (the demand curve).
In: Economics
Exotic Food Inc., a food processing company located in Herndon, VA, is considering adding a new division to produce fresh ginger juice. Following the ongoing TV buzz about significant health benefits derived from ginger consumption, the managers believe this drink will be a hit. However, the CEO questions the profitability of the venture given the high costs involved. To address his concerns, you have been asked to evaluate the project using three capital budgeting techniques (i.e., NPV, IRR and Payback) and present your findings in a report.
CASE OVERVIEW
The main equipment required is a commercial food processor which costs $200,000. The shipping and installation cost of the processor from China is $50,000. The processor will be depreciated under the MACRS system using the applicable depreciation rates are 33%, 45%, 15%, and 7% respectively. Production is estimated to last for three years, and the company will exit the market before intense competition sets in and erodes profits. The market value of the processor is expected to be $100,000 after three years. Net working capital of $2,000 is required at the start, which will be recovered at the end of the project. The juice will be packaged in 20 oz. containers that sell for $3.00 each. The company expects to sell 150,000 units per year; cost of goods sold is expected to total 70% of dollar sales.
Weighted Average Cost of Capital (WACC):
Exotic Food’s common stock is currently listed at $75 per share; new preferred stock sells for $80 per share and pays a dividend of $5.00. Last year, the company paid dividends of $2.00 per share for common stock, which is expected to grow at a constant rate of 10%. The local bank is willing to finance the project at 10.5% annual interest. The company’s marginal tax rate is 35%, and the optimum target capital structure is:
Common equity | 50% |
Preferred | 20% |
Debt | 30% |
Your main task is to compute and evaluate the cash flows using capital budgeting techniques, analyze the results, and present your recommendations whether the company should take on the project.
QUESTIONS
To help in the analysis, answer all the following questions. Present the analysis in one Excel file with the data, computations, formulas, and solutions. It is preferred that the Excel file be embedded inside the WORD document (question 8).
Years | Free Cash Flows |
0 | ($252,000.00) |
1 | $118,625.00 |
2 | $127,125.00 |
3 | $181,000.00 |
In: Finance
Choose a table on a web page (use your discretion) and scrape the contents to a csv file.
The table selected must have at least 3 numerical columns and at least 15 rows.
You must produce the following results for at least 2 of those columns:
● count - number of values in the column
● mean - average of all values in the column
● std - standard deviation of the column
● min - minimum value in the column
● 25% - percentile value in the column
● 50% - percentile value in the column
● 75% - percentile value in the column
● max - maximum value in the column
Deliverables :
- A file containing your python code.
- The csv file
In: Computer Science
A project has the following incremental cash flows: for years zero, though year 4, respectively. -$2,000, $800, $700 $700, $100,000. The hurdle rate is 17%. Where is the IRR relative to this rate? A.) >70% B.) <10% C.) >100% D.) 3%
In: Finance