...Dr. Ilyasova and Fellow Classmates, Actually to shave 5% off the expected direct labor hours in the destined overhead rate here will consequence in an increase in the net operating income because it will cause to the high overhead rate. The overhead rate of products is calculated by dividing the total estimated manufacturing overhead cost for the period by the estimated total amount of the allocation base and the formula of that is: Predetermined overhead rate= estimated total manufacturing overhead cost / estimated total of allocation base Indeed, it is calculated before period begins using several procedures: * Estimate the total amount of allocation base, * Then, estimate total fixed manufacturing overhead cost for period and total variable manufacturing overhead cost per unit of the allocation base. * The following equation is used to estimate the total amount of manufacturing overhead: Y = a + bX (Y = the estimated total manufacturing overhead cost, a= the estimated total fixed manufacturing overhead cost, b= the estimated variable manufacturing overhead cost per unit of the allocation base, and X= the estimated total amount of the allocation base). * Finally, calculate predetermined overhead rate. Obviously, the high-predetermined overhead rate will lead to an over applied overhead and the impact of that will known at the end of the fiscal year, which is December when the balance of the manufacturing overhead is closed out to the cost of goods...
Words: 1031 - Pages: 5
...Financial Statement Analysis Session #1: Fundamental Analysis and Valuation March 2015 In-Mu Haw (许 仁茂) 1 Create value through acquisition to build brands (over 100) 2 Lenovo vs. HP Stock Price Lenovo created value through acquisitions Poor acquisition (overpaid: $8.8B) $18 million in 2013 3 Deloitte Report Chet Wood, Managing Partner of Deloitte LLP, Merger & Acquisition Services: • • About 70 percent of all health plan M&As fail to create meaningful shareholder value. CFOs and management can take a stronger role in M&A deal evaluation, especially on revenue growth. 4 Use of Financial Statements for Valuation “I am considering to buy a small packing company. They offered me RMB 15 million and gave me their last 2 years’ Income Statements and Balance Sheets. I think it’s overpriced. How much do you think I should pay?” How will you use I/S and B/S to assess the target firm’s fair value? 5 Warren Buffet Emphasized importance of looking at a firm’s Competitive advantage of products Long-term growth potential… for good investment 6 Sound Fundamental Analysis One does not buy a stock, one buys a business. When buying a business, know the business. Good firms can be bad buys (if overpriced). Price is what you pay, value is what you get. Value of firm = Value of Debt + Value of Equity TA = L + SE (BV) on B/S 7 TA – L = SE SE (BV) vs. Market value of equity 8 Stock Price What is intrinsic value? Is the price overvalued? P/E=41: What earnings growth...
Words: 3056 - Pages: 13
...Journal #1 – Week 1 – Foundations of Interviewing and Counseling My thoughts on taking a counseling class was very thrilling to me. I know learning about children should be a class I’d be more interested in but personally I am notorious for my “Coffee dates” and deep conversations; I absolutely love to sit down in a relaxing café and catch up with old friends. Over the years I’ve noticed my company really respecting me and considering my thoughts on situations their going through, bad or good. Learning the foundations of interviewing was very eye opening to me. The textbook really clarified that there was a difference between interviewing and counseling. The textbook defines interviewing as the basic process used for gathering data, providing...
Words: 862 - Pages: 4
...The Colonial Williamsburg Foundation is a private, non-profit educational institution and that is apparent on the site. The website http://www.history.org/ is a great website for the teaching and learning of Colonial Williamsburg. The website’s creator used creative and artistic formats to express and to prompt learning. The website positively appeals to student of all ages, educators, researchers, or anyone seeking information about the history of Colonial Williamsburg, or deciding to visit the physical site. Overall, the purpose of the site is to promote history, education, publication, research, museum exhibits, and multimedia information. The layout is simple and the site is easy to navigate, which is great because younger students can...
Words: 732 - Pages: 3
...are unable are forced to go and work labor intensified jobs; which mainly require a high school degree, sometimes not even that. In Kim Eunyoung’s “Theoretical Foundation: Immigrant Student College Transition And Persistence” and Kimberly Griffin’s “Oh, Of Course I'm Going To Go To College" shows the hardships that immigrants have to endure to get into a college or to even to obtain a education. In...
Words: 885 - Pages: 4
...Training Analysis Paper An Evaluation of the training program of Foundations for Christian Leadership -------------------------------------------- A Paper Submitted to Dr. Steve Hoke ------------------------------------------------- In Partial Fulfillment of the Requirement for Doctor of Ministry Class LE812 ------------------------------------------- By Sarlito A. Sampan International Graduate School of Leadership Metro Manila, Philippines January 8, 2009 Training Analysis Paper An Evaluation of the Training Program of FCL TABLE OF CONTENTS Introduction 2 Brief History of FCL 4 Analysis using Holland’s Two track Analogy 6 The FCL Analysis based on the 4 Components of Holland’s Model 8 The Input 8 The In-Ministry experience 9 The Cross-Ties dynamic Reflection 10 The Ballast Formation 11 Training Analysis: Which Components should be in Focus 12 Incoming participants 13 Total Training Process 14 Summary 16 Selected Bibliography 18 Appendix 19 Training Analysis Paper An Evaluation of the training program of FCL Introduction I choose to evaluate the program use by the Foundations for Christian Leadership or more known as FCL for I work directly with this organization. I have been with this program...
Words: 5666 - Pages: 23
...Chapter 1 Competing with Operations Foundations of Operations Management, Ritzman & Krajewski © What Is a Process? • Process – Activities that transform inputs, add value and generate output(s) • Examples: – Manufacturing process • Furniture manufacturing: cutting or staining wood – Non-Manufacturing Process • Checking in passengers Foundations of Operations Management, Ritzman & Krajewski © 1-2 Processes & Operations Internal and external customers Inputs • • • • • • • • Workers Managers Equipment Facilities Materials Services Land Energy Processes and operations 1 3 5 2 4 Outputs • Services • Goods Figure 1.1 Information on performance 1-3 Foundations of Operations Management, Ritzman & Krajewski © Nested Processes at a Large Bank BANK Operations Cash Management Loan operations Trading operations Others ATM Support Customer transactions Service quality Others Maintain Cards Research problems Site analysis Others Retail Distribution Compliance Finance Human resources Teller Line Transactions Track branch sales ATM hotline Others Process Deposits Cash checks Safe deposit boxes Others Products Auto Finance Cards Mortgages Others Credit Applications Manage retail products Originate lease portfolio Others Loan Documentation Review credit standing Obtain manager approval Others Wholesale Trading Loan administration Leasing Others Fund Management Market making spot Dealer support Others Prepare Reports Attend meetings...
Words: 1331 - Pages: 6
...Summary of “A random walk down Wall Street” Written by Burton G. Malkiel Chapter 1: Firm Foundations and Castles in the air A random walk means that future steps or directions cannot be predicted on the basis of past history. In the stock market, this concept means short-term changes of stock prices are unpredictable. Burton, writer of the book, distinguishes between “investing” and “speculating” and I agree this conceptual difference. Investing is purchasing assets to acquire profit in the form of reasonably predictable income such as dividend, interest, rentals over the long term. On the other hand, speculator buys stocks hoping for a short-term gain over the next days or weeks. Traditionally, investment experts have used one of two approaches for asset valuation. One is “the firm-foundation theory”, and the other is “the castle-in-the-air theory”. The interesting point is, two theories appear to be mutually exclusive. The firm-foundation theory insists that each investment instrument has a firm anchor of something called “intrinsic value”, which can be determined by careful analysis of present conditions and future prospects. Williams, writer of “The Theory of Investment Value”, went on to argue that the intrinsic value of stock was equal to the present value of its entire future dividend. The theory is reasonable, because the greater present dividends and increasing rate, the greater the value of the stock. The castle-in-the-air-theory focuses on psychic...
Words: 939 - Pages: 4
...FOUNDATION EXAMINATION Exam Bank 007 – December 2013 Business Studies 1 MARK SCHEME BELLERBYS COLLEGE FOUNDATION EXAMINATION SECTION A – SHORT ANSWER QUESTIONS Answer ALL questions in this section. 1. Name two things that should be present in a good business plan. Executive summary, location, marketing, finance, financial forecasts, personnel Any other reasonable answer should be accepted. 1 mark per relevant point given. (2 marks) 2. Using an example for each point, identify and explain one reason for business success and one different reason for failure. Note: the reason for success should not be repeated as a reason for failure, for example, good entrepreneurial skills (reason for success) bad entrepreneurial skills (reason for failure). Possible answers include: Reasons for success: Excellent entrepreneurial skills Good business plan Marketable products Good budgeting skills Reasons for failure: Poor planning Inexperience Harsh external economic climate Fierce competition Lack of cash flow Any reasonable answer should be awarded marks. 1 mark for identification, 2 marks for a reasonable/good explanation and the full 3 marks given for an excellent explanation with relevant examples. (6 marks) Questions continued on next page Business1-JP-L-007 Page 2 of 15 BELLERBYS COLLEGE FOUNDATION EXAMINATION 3. Give one example of a good SMART objective. For example, to increase market share by 15% by January 2015. 1 mark for a partial example...
Words: 2858 - Pages: 12
...engineering, soil investigation is very necessary. It is essential to investigate the soil of the selected plot on which a structure will be constructed. Based on soil investigation a soil report is prepared for the purpose of designing the building foundation. When an engineer designs building foundation he/she must carefully read the report and design the foundation based on the data provided in the report. Soil investigation is required for the following purposes - To know the allowable bearing capacity of foundation for proposed building. To know the depth and type of foundation for the proposed building. To know the allowable passive resistance for the foundation of proposed building. To know the type, grading and nature of soil. To know the ground water level. Typical steps of soil investigation Soil investigation involves following steps – Details planning for the sequence of operations. Collecting the samples of soil from the plot. Determining the soil characteristics by conducting field tests. Study the condition of ground water level. Collecting ground water sample for chemical analysis. Soil exploration. Testing all collected samples in the laboratory. Preparation of drawings and charts Analysis the test results. Preparing report Depending on the load type, soil investigation can be limited to Penetrometer teats only for relatively good soil and light loads. For heavier soil, a combination of both Penetrometer tests and borehole...
Words: 1233 - Pages: 5
...Senior Design Project Submittal May 4 2012 Bleser Park Pedestrian Bridge The following is a 2011-2012 Senior Design Project report for the Fenn College of Engineering at Cleveland State University. Senior Design Project Submittal 2012 Table of Contents 1.0.0 Introduction........................................................................................................................................ 5 1.1.0 1.2.0 2.0.0 2.1.0 2.2.0 2.3.0 2.4.0 Objective .................................................................................................................................. 5 Group Members ...................................................................................................................... 5 Project Description ..................................................................................................................... 6 Assignment .............................................................................................................................. 6 Existing Bridge ........................................................................................................................ 7 Proposed Bridge ..................................................................................................................... 8 Owner Requirements ............................................................................................................. 9 2.4.1 Safety .....................................................
Words: 13525 - Pages: 55
...In my rhetorical analysis of the CoverGirl advertisement I analysis three rhetorical tools that are strongly conveyed to me. The advertisement uses these rhetorical tools to further persuaded audiences to buy the CoverGirl product and even stick with the brand. In this analysis I will cover the rhetorical appeals that try to convince viewers that the product is superior, the use of myth and how it is used to strengthen the persuasiveness of the advertisement, and the rhetorical situation of the advertisement. Let us move onto rhetorical appeal Rhetorical appeal is a very good way to structure any persuasive document and when used correctly it can service its purpose well. Let’s analysis how this persuasive advertisement uses rhetorical appeal. Pathos in this advertisement is very straight forward; it wants the view to be curious but also excited with a hint of wonder or in other words it wants “to raise emotions” (Aristotle, n.d. p. 146) within a viewer. The use of Taylor Swift along with the mention of more bang for your buck, since this cream can beat ones that cost $180, would draw on a viewer’s emotion and cause them to be persuaded because their idol is advertising a product that she, Taylor Swift, is using daily to perfect her skin and it isn’t an expensive designer brand. Next we will focus on logos and its use in this advertisement. Logos is the “logical appeals [that] stress the reasonableness” (Aristotle, n.d p. 146). This advertisement relies heavily on...
Words: 1396 - Pages: 6
...THIRD LIFE FOUNDATION BUSINESS PLAN 2011 Preliminary Details Document Control Title: Business Plan Version: One Date: As at 05 May 2011 Author: Ankit Sethi Reference: Social Enterprise- Business Plan Contacts : Third Life Foundation Mumbai P: +44 07580 421 050 Email: info@thirdlifefoundation.com Professional Advisors : Mr Chris MahonGlossary GLOSSARY/DEFINITIONS TLF : Third Life Foundation Hijra - a socio-cultural construct in which a transgender person who is biologically male takes on the gender role of a female. Hijras in India have their own form of social organization and form a parallel society.[1] Transgender - someone who is anatomically born in a certain sex, but is more comfortable with the gender/sexual identity of a different gender, and chooses to go in for a sex reassignment surgery or hormonal treatment.1 Sexuality minorities - people discriminated against due to their sexual identity/orientation or gender identity. This includes gays, lesbians, bisexuals, hijras, kotis, transgenders, etc.1 Contents Executive Summary Current Situation • Basic Company Information o Mission o Company Values o Organisational Structure o Products and Services o Core Competencies External Environment ❖ Context ❖ The Economy ❖ Needs Analysis ❖ Market Analysis ❖ Competitor Analysis ❖ Competitive Advantages ...
Words: 1135 - Pages: 5
... DESIGN AND CONSTRUCTION OF DEEP FOUNDATIONS Have been used since prehistoric times Wooden poles/piles to support the home near the lake in Switzerland 12,000 years ago Pile-supported huts in lagoons around the shores of lake in R. Ayothiraman R A thi Department of Civil Engineering Indian Institute of Technology Delhi New Delhi – 110 016. E-mail: araman@civil.iitd.ac.in Venezuela V l In early years, primarily used to bye-pass the water depth and soft soil layer even for lightly-loaded buildings Commonest Function: To transfer the load that cannot be adequately supported at shallow depths to a depth where adequate support becomes available. FUNCTIONS OF PILES • • • • • • • To carry the superstructure loads (both vertical and lateral) into/ through a soil stratum. To resist large uplift force and/or overturning moments To compact loose, cohesionless deposits -- a combination of pile volume displacement and driving vibrations (piles is withdrawn later) To control settlements when spread footing/mat is on a marginal soil/highly compressible soil To stiffen the soil beneath the machine foundations – to control both amplitudes and natural frequency of the system Provides additional safety factor beneath bridge abutments/piers, if scour is a potential problem Piles in offshore – load transfer thro’ water into underlying soil – partially embedded pile -- to vertical (buckling) and lateral load) Use of piles Effect of relation between foundation width and pile length on pressure...
Words: 4712 - Pages: 19
...Buildings 2013, 3, 506-531; doi:10.3390/buildings3030506 OPEN ACCESS buildings ISSN 2075-5309 www.mdpi.com/journal/buildings/ Review Construction Delay Analysis Techniques—A Review of Application Issues and Improvement Needs Nuhu Braimah Civil Engineering Department, School of Engineering and Design, Brunel University, Uxbridge, Middlesex UB8 3PH, UK; E-Mail: nuhu.braimah@brunel.ac.uk; Tel.: +44-0-1895-265-919; Fax: +44-0-1895-269-782 Received: 8 May 2013; in revised form: 1 July 2013 / Accepted: 18 July 2013 / Published: 23 July 2013 Abstract: The time for performance of a project is usually of the essence to the employer and the contractor. This has made it quite imperative for contracting parties to analyse project delays for purposes of making right decisions on potential time and/or cost compensation claims. Over the years, existing delay analysis techniques (DATs) for aiding this decision-making have been helpful but have not succeeded in curbing the high incidence of disputes associated with delay claims resolutions. A major source of the disputes lies with the limitations and capabilities of the techniques in their practical use. Developing a good knowledge of these aspects of the techniques is of paramount importance in understanding the real problematic issues involved and their improvement needs. This paper seeks to develop such knowledge and understanding (as part of a wider research work) via: an evaluation of the most common DATs based on a case study...
Words: 9710 - Pages: 39
