...“The Bear Minimum” Case 08-4 Blakely Broom Connor Greco Spencer Craft Big Bear Power, a widely held public utility company, has agreed to a 10-year non-cancelable lease of a combustion turbine from Goliath Co. The lease was signed on December 15, 2010, and begins on January 1, 2011. The lease requires Big Bear to pay $1 million of legal fees incurred by Goliath, and third party legal fees as part of the lease. The lease also states that if a change in control event occurs, Big Bear must purchase the equipment leased from Goliath Co. within 30 days at a price equal to the remaining lease payments. This provision also indicates that a change in control also requires Big Bear to pay a penalty of $500,000. The last provision describes the rental payments, which are directly related to CPI. One of the first issues involved in calculating the present value of the minimal lease payments is figuring out what type of lease this is. This includes figuring out what the present value of the minimum rental payments are, the guaranteed residual value after the lease term ends, penalty for failure to renew or extend, and bargain purchase options, if any. Once we figure this we add the executory costs included in the payments to the minimal lease payments and calculate the present value by using the discount rate. Since this is a non-cancelable lease and it passes the final criterion mentioned in section 840-10-25-1, in that the minimum lease payments exceeds 90% the fair value...
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...Memorandum To: Big Wig, CFO, Big Bear Power From: James Albert Date: March 24th, 2016 Subject: The Bear Minimum Statement of Relevant Facts: Big Bear Power and Goliath Company entered into a contract in which Big Bear leased a combustion turbine. * The contract was signed on December 15th, 2004, but did not begin until January 1st, 2005. * The contract lasts for 10 years and is non-cancelable * Big Bear pays $500,000 in legal counsel fees, and are required to pay $1,000,000 in legal fees incurred by Goliath Co. * If Big Bear’s bank declares default, Big Bear will have to pay a penalty. * Big Bear is in default if “material adverse change” is proven (not defined in the contract) * The chance of default is remote. * The bank has no relationship with Goliath Co. * The annual lease payments are $1,000,000 and payable over 12 months at the beginning of each month * Big Bear will pay the minimum payment plus the percentage increase in the Consumer Price Index (CPI) (most recent increase is 4%) Identification of Issues and Alternatives: The issue with this case is determining if the stated provisions will be included in the minimum lease payments. Provision one has two issues. The first dilemma is defining the appropriate action of the $500,000 Big Bear Power assumed in legal counseling fees, which will be considered expenditures of the lessee. The next problem is the proper allocation of the fees to be paid on behalf of Goliath...
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...your home to enjoy a weekend of roughing it up in the outdoors. This is a fantastic way for you to have a unique kind of vacation that will bring the entire family closer together. If you are currently planning your next great outdoor adventure, why not take everyone to the Big Bear Camping grounds? All about Big Bear Camping Located just about 99 miles east of Los Angeles, the Big Bear camping sites offer you the most unique kind of recreation that you can ever have. No matter what age you are, you will always find something that you will truly enjoy here. No matter what season it is, there are always fun activities to do here at Big...
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...Be a cop 4. Travel the world 5. Have children 6. Drive my favorite cars 7. Be an auto mechanic 8. Read the longest book ever written 9. Go to college 10. Give someone/myself a tattoo 11. Build bIg muscles 12. Grow a full beard 13. Teach a weights class 14. Learn to dance like a pro 15. Go windsurfing. 16. Ride a jet ski. 17. Go water skiing. 18. Go water skiing barefoot. 19. Be a millionaire 20. Go deer hunting. 21.Go duck hunting. 22.Go alligator hunting. 23.Hunt grouse in Scotland. 24. Go bear hunting. 25. Go to Space 26. Land on the moon. 27. Find a alien life form. 28. Find a new galaxy 29. Time Travel 30. Learn parkour 31. Speak french 32. Speak Spanish 33. Speak dutch 34. Speak Italian 35. Speak Portroguese 36. Speak Chinese 37. Speak Japanese 38. Drive a car into a lake 39. Drive a car into a telephone pole 40. Drive a car into a building 41. Drive a car on water 42. Drive a flying car 43. Drive a car off a cliff 44. Drive a car into a car 45. Drive a car into a house 46. Build a house 47. Build a building 48. Build a car 49. Build a bike 50. Build a business 51. Build a Computer 52. Make the sickest phone ever 53. Build a teleporter 54. Revive a mouse 55. Revive a human 56. Revive a deer 57. Revive a bear 58. Revive a ferrit 59. Revive a dog 60. Revive a cat 61. Take a cross country road trip 62. Window shop at every store in the Mall of America 63. Go on all the rides at Disneyland 64. Complete...
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...The animal that interested me the most to write about is the Panda. Pandas are an endangered animals right now. The Panda is normally found in China. Pandas are black and white with black fur around the eyes. Pandas are excellent climbers and have big claws. Pandas can swim but not as good as they can climb up trees. Some of the animals that prey on Panda cubs are jackel, snow leopards and yellow-throated martens. These animals are known for killing Panda cubs. Pandas can weigh as much as 350 pounds in their adult life. Pandas are vegetarians but sometimes will go and hunt for small rodents. A giant Panda is a called a bear actually. Pandas do not hibernate during the winter months like bears do. A newborn Panda actually weighs less than...
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...In the last two centuries, grizzly bears had been hunted and persecuted to extinction and mistaken as black bears. Grizzly bears are often portrayed as dangerous, voracious creatures who hunt and kill people, but they're nothing like that at all. In fact, they are not aggressive unless you’re the one causing a ruckus or being a threat around their cubs or food sources. Grizzly bears are quite intelligent, beautiful and unique creatures who have great memory, senses of hearing, and smell. But, since they are incorrectly portrayed as a threat, people are most likely to not be in favor of them. The FEDS are ready to delist grizzly bears and hunters are ready to make them trophies. David Suzuki, author of Grizzly Bear Trophy Hunt Is a Sport Like Dogfighting is one of many who oppose to killing grizzly bears. David Suzuki finds it inhumane to kill these animals for your own selfish and pleasurable means. On the contrary, Steven Rinella, author of The Problem with Protecting Grizzly Bears is in favor of killing grizzly bears. Due to the amount of money put into protecting these bears from harm's way, it's a waste of money. By reading both positions, it becomes apparent that it is inhumane to kill a grizzly bear as a trophy you hang...
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...In the book Touching Spirit Bear, the main character is a boy named Cole Mathews. He is very aggressive towards other people and as a result has been to multiple juvenile detention centers and police stations. There was one situation where he robbed a hardware store, trashed it, then bragged openly about doing it because the police hadn't caught him. A boy named Peter turned him in and as a result, Cole beat up Peter to the point where he had to be hospitalized and later had speech issues. Cole went to yet another juvenile detention center where an officer visited him regularly and informed him about a program called Circle Justice where instead of locking the kid up, they help them “heal”. Cole was accepted and they decided to put him on an...
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...About one-third of Bigfoot sightings are concentrated in the North America, while Bigfoot advocates, postulate that Bigfoot is a worldwide phenomenon: Bigfoot researchers and critics agree that approximately 80% sightings are misidentification, as the reported size of Bigfoot approximates that of a bear standing on its hind legs, and bears have a high prevalence in regions said to be inhabited by Bigfoot. Bigfoot sightings or footprints are often demonstrably hoaxes as seen through this contemporary example. On July 9, 2008, Rick Dyer and Matthew Whitton posted a video on YouTube claiming that they had discovered the body of a deceased Sasquatch in northern Georgia forest. They received $50,000 from Tom Biscardi; Searching for Bigfoot, Inc. Popular news networks covered the story of the men's claims across the globe. The alleged Bigfoot body arrived in a block of ice in a freezer with the Searching for Bigfoot team. When the contents were thawed, it was discovered that the hair was fake, the head was hollow, and the feet were rubber. Subsequently, the discoverers...
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...teachers didn’t care about how you were doing in the class all they wanted to do it teach the material and test you on it. Cole would sleep and play on his phone or doodle and not pay attention in class because he thought that it didn’t matter. This really hurt him because he got decent grades in 8th grade but he could have done a lot better. The start of 9th grade was the most important year of high school besides senior year. This is when your grades count towards your transcript for high school graduation. Well as Cole found out this is also right around the same time that people started drinking and doing drugs. All of Coles friends began drinking and smoking and he thought oh no big deal everyone experiences it. Now that Cole and all his friends were drinking and smoking this played a really big effect on his school work. Instead of doing homework he was too lazy to do stuff so he just chilled and played Xbox all the time. Cole would miss school a lot too because he just didn’t feel like going to school. This was a bad habit Cole started that will continue until he does something about it. The next 2 years of high school we some of the best times Cole has ever had in his life but his school work and school in general needed to be fixed. Cole was having the time of his life but needed to focus a little more on school just to get by. Coles teachers and guidance counselors reminded him that he was doing bad in school and he should do something about it but Cole went on his way...
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...threatening to remove grizzly bears from the Endangered Species list. While the grizzly bear population in the Greater Yellowstone Ecosystem has increased since the bears were added to the listing in 1975, the struggles to survive continue (U.S. Park Service). The Defenders of Wildlife agree that the government needs to keep protecting the grizzly bear because of the threats of human encounters, habitat availability and climate change. First, human encounters are a risk to the survival of grizzly bears. The National Park Service at Yellowstone reports that the management of grizzlies will not change within the park if these animals are removed from the list. Hunting will still not be allowed in the area. However, grizzly bears do not know the boundaries of the park. The states that surround the area could allow hunting of these animals during their regular seasons. As a result, the population of grizzly bears would decline. Next, habitats for grizzly bears are still fragile. The Greater Yellowstone Ecosystem is an ideal place for these bears to live and thrive, but outside the area there are many dangers. Humans continue...
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...Don’t we all wish we could hibernate during the cold winter months? Unlike us, these furry critters can. Keep your eyes open for these five hibernating animals this winter season. 1. Deer Mice Deer mice have short lives and light hibernation periods, entering a state of light torpor instead of full hibernation. Even though they don’t completely hibernate, they still appear pretty sluggish, as their body temperature falls several degrees during torpor. Between daily snuggles and shared heat, deer mice save a lot of energy. They’re known to enter domestic spaces looking for warmth. They’re more nocturnal than diurnal, so expect to see them during the night. They’re bundled up from morning to late afternoon, leaving at night to go out in search of food. While they’re active, they’re busy putting on body fat and storing seeds. 2. Grey Squirrels The grey squirrel, which can be spotted throughout southern Ontario, uses its bushy tail and thick, long winter coat to stay warm. It remains in its den on severely cold days, but it ventures outside on warmer ones. There are many different types of squirrels, but not all enter full hibernation. Studies have shown that some squirrels enter hibernation as a response to a change in blood temperature, and males actually come out of hibernation first, followed by their female counterparts. 3. Raccoons On warmer winter days, don’t be surprised to come across a raccoon. Slightly warmer weather, combined with hunger, pulls them out of their dens...
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...Based on Julia’s years of buying experience, the tested result would give Julia a clear estimation about how many new stuffed animals she needed to order. Figure 1 in below shows the timeline of how Julia buys the toys for the company: 1992 January 1993 December 1994 50 of Each Tested for sale: Evaluation Test Results then Order Estimated Number of Bear, Pig, Bear, Pig, & Raccoon & Buy Test Toys for 1994 Christmas & Raccoon for Christmas Season Figure 1: Timeline of how Julia buys the toys for the company Decision Problem During last year, three stuffed animals were tested for sale, including a bear, a pig, and a raccoon. The result shown there were 10 out of 50 bears, 4 out of 50 pigs, and 32 out of 50 raccoons sold. Julia was faced with a decision to make about whether she should import the toys from Germany or but the toys domestically, and if the toys were to be imported, how many of bears, pigs, and raccoons she should buy for the Christmas season of 1993. Analysis of the Industry and the Company Looking at the toy business, there was an intensified competition between different companies. The toy departments of department stores are generally less profitable comparing with other departments. Those toy...
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...Bears may be large and intimidating, but do not pose a threat to humanity. This essay will go deep into the myths about bears to uncover the truth behind these myths. What are these myths? Bears for years have been portrayed as deadly, overwhelming beasts which attack on sight, but after years of research, is this true? Primarily, over the years the years the media and public have made many false stories about bloodthirsty bears. One outrageous myth is that if bears taste human food, they don't go back; yet, “bears prefer natural, wild food unless it is difficult to find and human food is too easy to get” (Rogders). This is proof that bears do not go out of their way for humans; they prefer natural food. In summary, bears are not blood thirsty creatures but intelligent animals that do not pose a threat to humans if handled appropriately....
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...To me, it seems that Herzog has a lot of respect for Treadwell and what he did. I think that Herzog acknowledges that his methods weren’t perfect, but, he does so in a respectful way. I think that Herzog saw Treadwell as someone who was determined and someone who did have pure intentions. I do think that Herzog also let the footage mostly speak for itself, only adding commentary when he saw fit. He interviewed Treadwell’s parents and individuals who disagreed with what Treadwell did, and I see this as being one of the ways that he tells viewers that there are two sides to the story. He met with experts about the hunting of bears. This was another piece of information that allowed viewers to decide if the bears did need someone watching over...
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...Bear attacks are rare, however, inevitable where humans and bears interact. One of the first thing to note is whether the bear is a grizzly or a black bear. Studies show that grizzly bears tend to be more aggressive compared to black bears because of the difference in selective pressures that have acted on them in the past and, act on them in the present (Herrero, Aspects of Evolution and Adaptation in American Black Bears (Ursus americanus Pallas) and Brown and Grizzly Bears (U. arctos Linne.) of North America n.d.). Herrero also states that there is evidence in data from the North American National Parks of bear encounters with humans as well as North American hunting records. Some reasoning for why this is true is due to the fact the black...
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