...Contract shall be deemed cancelled, null and void, and all deposits or Downpayment shall be returned in full to PURCHASER. In the event the premises herein consist of a condominium unit or is part of a homeowners association/PUD the review period provided for herein shall be eight (8) business days. I T I S ESSENTI AL THAT Y OU CONSULT Y OUR ATTORNEY WI THI N THE REV I EW PERI OD. Contract of Sale WARNING: NO REPRESENTATION IS MADE THAT THIS FORM OF CONTRACT FOR THE SALE AND PURCHASE OF REAL ESTATE COMPLIES WITH SECTION 5702 OF THE GENERAL OBLIGATIONS LAW "PLAIN ENGLISH." NOTE: FIRE AND CASUALTY LOSSES: This Contract form does not provide for what happens in the event of fire or casualty loss before the title CLOSING. Unless different provision is made in this Contract, Section 51311 of the General Obligations Law will apply. One part of that law makes a PURCHASER responsible for fire and...
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...The only way to make this work is to go to my boss and ask for a $1.00 raise so I could make an $89.09 payment to my principle every month. By making $89.09 more a month to my principle my interest rate will go down. Paying $89.09 extra a month comes out to $1069.08 extra more a year that goes tours the principle payment. The only way that it would be reasonable is for me to get a second job or to get a raise at my job that I have right now. It would be better for me to refinance my loan to at rate of 3.6% that would give me a 30 year paid out of $784.08 a month. I would be saving $200.60 a month if I refinance my loan right now. Even with me having to pay $2000.00 closing cost it would benefit me to refinance my loan so I would have a better rate. The first year saving would be $2407.20 which would cover my closing cost that I had to pay out. My current payment a month is $984.68 and if I refinance my pay would be $784.08. If I could get the bank to let me refinance my loan at 3.6% for a 20 year loan my payments would be $942.28 a month. If I make a payment of $158.20 into my principle payment I would have my loan paid off in 20 years on a 30 year fixed rate loan. I would be putting $1898.40 into the principle each year. My current monthly payment is 984.68 if I can refinance to a 20 year loan at 3.6% my payment would be $942.28 that is a saving of 42.40 a month. When I refinance the...
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...Real-Time Hand Tracking for HumanComputer Interaction Ayush Tripathi, Kanishk Puri, Nilesh Srivastava, Prateek Dham (Students) Mrs S.S Dhotre(Professor) Computer Science Department Bharati Vidyapeeth Deemed University College of Engineering Pune, Maharashtra(India) Abstract- The proposed work is part of a project that aims for the control of a mouse based on hand gesture recognition. This goal implies the restriction of real-time response and unconstrained environments. This is basically a vision based skincolour segmentation method for moving hand in real time application [3]. This algorithm is based on three main steps: hand segmentation, hand tracking and gesture recognition from hand features. For the hand segmentation step we use the colour cue due to the characteristic colour values of human [1]. The hands are recognized by the computer using the skin colour as one of the basic features for the hand recognition. The important feature is the accurate segmentation of hands [3]. I. Introduction Nowadays, the majority of the human-computer interaction (HCI) is based on mechanical devices such as keyboards, mouse, joysticks or gamepads. In recent years there has been a growing interest in a class of methods based on computational vision due to its ability to recognise human gestures in a natural way .These methods use as input the images acquired from a camera or from a stereo pair of cameras. The main goal of these algorithms is to measure the hand configuration...
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...Closing Case: Chapter 13 Bonnie Jordan Managerial Finance Instructor: Kristi Rayford March 11, 2013 The Closing Case in Chapter 13 focuses on options for a 401K for an employee of the East Coast Yacht Company. Several decisions must be made regarding investments, which will be highlighted in this discussion. Equity investments can go into the S & P 500 or an index related option. The former has lower fees, and the latter higher ones. Other elements to be discussed include the aforementioned investment options, graph implications regarding mutual fund investors, market efficiency, and an equity investment decision to be made by the East Coast Yacht employee. The East Coast Yacht company’s finance representative, Dan Ervin, made several comments based on the percentage graph for 10-year return for the Vanguard 500 Index Fund (Ross, et all 2011). Based on this data compiled over two decades, there is a cycle in effect. The numbers (equity mutual funds outperformed the Vanguard 500) swing from almost 70% down to mostly just about 20% and then swing back up to almost 50% (Ross, et all 2011). Perhaps investing in the S & P 500 index would be timely as the trend is leaning towards other fund investments. The three forms of market efficiency per Andrei Shleifer as Ross, et all (2011) posits, “(are) rationality, independent deviations from rationality, and arbitrage, (p. 399 – 400).” Also, an efficient capital market is one as Ross et all (2011) state...
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...chapter 4 Closing Case: Starbucks In 2006, Starbucks’, the ubiquitous coffee retailer, closed a decade of astounding financial performance. Sales had increased from $697 million to $7.8 billion and net profits from $36 million to $540 million. In 2006, Starbucks’ was earning a return on invested capital of 25.5%, which was impressive by any measure, and the company was forecasted to continue growing earnings and maintain high profits through to the end of the decade. How did this come about? Thirty years ago Starbucks was a single store in Seattle’s Pike Place Market selling premium roasted coffee. Today it is a global roaster and retailer of coffee with more than 12,000 retail stores, some 3,000 of which are to be found in 40 countries outside the United States. Starbucks Corporation set out on its current course in the 1980s when the company’s director of marketing, Howard Schultz, came back from a trip to Italy enchanted with the Italian coffeehouse experience. Schultz, who later became CEO, persuaded the company’s owners to experiment with the coffeehouse format—and the Starbucks experience was born. Schultz’s basic insight was that people lacked a “third place” between home and work where they could have their own personal time out, meet with friends, relax, and have a sense of gathering. The business model that evolved out of this was to sell the company’s own premium roasted coffee, along with freshly brewed espresso-style coffee beverages, a variety of...
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... You earn the points as long as your arguments make sense. 3. It might be possible to pay the current balance off in 20 years if you refinanced the loan at a lower interest rate. The interest rate that you qualify for will depend, in part, on your credit rating. Identify the highest interest rate you could refinance at in order to do this and determine the interest rate that would require a monthly total payment that is less than your current total payment. Also, refinancing costs you $2000 up-front in closing costs. The principle = $112,242.47, loan period = 20 years. You are looking for the highest interest rate (it is lower than 5.75% of course) which makes your monthly payment lower than the current monthly payment $706.12 The $2000 will be used in part 4. 4. Explain whether it is more or less reasonable to consider refinancing your loan. In order to answer this, you need to look at different interest rates. Refinancing costs you $2000 up front in closing costs. To answer the question, you need to compute the following numbers. Total payment if...
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...Contact & Organization Information 1. Name of Person Submitting Application: 2. Your Organization’s Name: Habitat for Humanity 3. Year Founded: 1976 4. Website Address: www.habitat.org 5. Organization Address: 6114 Ridge Road, Gary, IN 46408 6. Organization Phone Number: 219-923-7265 RFP Application 7. Please provide a brief summary of your proposal for grant funding. Habitat for Humanity will use the grant monies for expanding our training/workshop and simulation room and replacing the old and outdating office equipment and furniture. We would purchase a new All-in-one printer, copier, scanner and fax machine that is needed for marketing and training. We will also purchase tables, chairs, dry eraser boards, a projector and ten (10) new computers, which will all be using during training classes. The training and workshops are for our volunteers and selected Lake County families. We will conduct classes on home repair, budgeting, banking, credit, savings, home maintenance, community involvement, energy efficiency, homeownership, and children’s success in school program for low-income homeowners in Lake County. The volunteers will also be trained on basic wiring, plumbing, masonry work and drying walling by professionals. Habitat for Humanity has utilized the non-profit’s existing construction and support services staff to grow the program, by adding an efficient process for home repair to the ongoing mission of...
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...loan due. Not common, huge hassle for lenders, Fear of investor: we want to buy for profit….so be honest and transparent Fear of time: how long will this be in my name? We will anxiously be making repair, our vision is to ….we forsee….our average timeline….you will receive a note paid in full note etc… How can I trust you will make these payments: one of the things I can do for you is that I can have 6 months of payments in escrow for a worst case scenario. ------------------------------------------------- Completing: Risks: Due on sale clause Lien obligation (to a title search) you can put this in the contract, so if you find one, that is your way out ------------------------------------------------- Late payments Pitfalls: Forgetting bout insurance (hazard, title,) Paying too much for property Not vacating homeowners (before close, walk through home/should be empty. If they need a week to leave, then wait a week to close) Misleading lender Avoiding taxes Not having exit strategy Just avoiding closing cost? No, most sellers just want to walk away. So motivate them to walk away. They want money and walk...
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...The store will open hour later and close an hour earlier. Manger and full time employees will have four-days of 10 hour workweeks. Part time employee will consolidate their hours into 1, 2, or 3 days a workweek. This may vary depending on how many hours a week they work. There are no stores closing and no new stores will be opening. If you have any question regarding the changes please e-mail me back. Thanks for you time and I hope the transitions goes well. From Stephanie Memo: New Store times The following are some changes that have been made. The Stores will no longer be open on sunday. So we will be open monday through saturday. Also the time that the stores will be open are changing as well. The stores will be opening an hour later and closing a hour earlier. No Stores are closing and no new stores will be opening. Thanks for your time and I hope the transitions goes well. Attachment customers We will be changing the days we are open and the times that the stores will be open and close. The days the stores will be open are as followed; Monday through saturday and closed on sunday. The stores will be opening an hour later and closing an hour earlier. The stores will not be closing. Thanks for your time and sorry for the...
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...Running head: BUYING A HOUSE Buying a House Mildene Faulkner MAT 104 Edmund Ford, Jr. August 7, 2012 Buying a House Five years ago, I bought a house for 151,000, with a down payment of 30,000. I took a loan for 121,000. The interest rate on the house was a fixed 5.75%. I am paying more on my loan, so I can pay it off in 20 years instead of 25. I am currently paying $211.13 in Escrow payments and $706.12 in principal and interest payments. My current loan balance is $112,242.47. I am going to explain how much money I will need to pay off my loan in 20 years instead of 25. I am currently paying $917.25 in monthly payments on my house. I would like to see how much money I would have to add to my monthly payments, if I want to pay off my house in 20 years. By using the monthly payment method and the table provided to me by my realtor, I see that if I take the loan amount and divide it by 1000, and then multiply by the tablet entry of 7.0208, I would get $788.03. Then to figure out the amount of money I need to add to my monthly payment to pay of my loan in 20 years, I have to subtract $706.12, which is my monthly principle and interest from $788.03. That would give a total of $81.91. This is the amount of money I need to add to my current monthly payment in order to pay off my loan in 20 years instead of 25. I think that I would be reasonable to try to pay off the loan in 20 years versus 25 years. I think I can maintain a comfortable lifestyle doing this as long...
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...Sundays as well as Monday through Saturday all store hours will consist of opening one hour later and closing one hour earlier. All full time employees will work 4 days at week, at 10 hours per day. Part time employees schedules should be made up of 3 days a week. The changes are being made as a result of the raising gas prices. We are hoping the change to the schedule will be a benefit to both the operations of the store as well the staff who manage the store. Despite the current economical changes, the company will not be closing any current locations, however, it will not be opening any new locations at this time. Please let me know if you have any questions. From: Corporate Office To: All Employees Subject: Changes to Work Schedule Attention All Employees, Effective June 1, 2012 the work schedule off all full time employees will change from 8 hours and 5 working days to 4 working days which will consist of 10 hours. Part time employees’ schedules will not surpass 3 working days each week. Along with your work schedules changing, all locations will open one hour later and close one hour earlier. These changes are to better accommodate both the store locations and the employees with the struggle of the raising gas prices. In an effort to keep the organization steady, any plans of opening new locations have come to a stop. However, no current locations will be closing. Please consult with your store manager should you have any questions. The Corporate Office ...
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...MGNT 3650 June 12, 2011 Chapter 1 Closing Case-IKEA How has the globalization of markets benefited IKEA? Globalization of markets has benefited IKEA by making it easy to expand into different countries. Now that the whole world has excess to the internet, everyone is basically wearing and listening to the same things. This is very beneficial to IKEA because there isn’t a lot the company has to do with the style they originally started in Sweden. With the globalization of markets it makes it easier for customers to buy products from IKEA online or at the warehouse with their country “social” demographics and culture in mind. “The worldwide success of a growing list of products that have become household names is evidence that consumers the worlds over, despite deep-rooted cultural differences, are becoming more and more alike - or, as the author puts it, "homogenized." In consequence, he contends, the traditional MNC's strategy of tailoring its products to the needs of multiple markets may put it at a severe disadvantage vis-a-vis competitors who apply marketing imagination to the task of developing advanced, functional, reliable standardized products, at the right price, on a global scale.” How has the globalization of production benefited IKEA? This has saved IKEA time and money. IKEA has producers to supply each of its big markets; it helps by knowing the styles of each market. For example the producer for...
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...CASE 1: MHA Textile Maximum solution length: Three double-spaced pages (see syllabus) Source This case is adapted from a 2005 PricewaterhouseCoopers (PwC) case distributed by PwC for faculty use in teaching auditing. Case information is drawn from an actual PwC client, but with names and industry identification changed to protect confidentiality. PwC holds rights to the case, but has extended permission for classroom use of the case in higher education. Background Your firm's audit client is MHA Textile Corporation, a publicly traded SEC registrant. Your firm has audited MHA for 15 years, and has established a constructive, professional working relationship with the company. Currently you are auditing a significant wholly owned subsidiary of MHA known as "NYH." The NYH subsidiary manufactures blankets and throws, as well as decorative pillows. MHA and NYH have faced increased competition in recent years from rivals in Asia. In May of 2005, MHA's Board of Directors approved a plan to restructure the company and discontinue unprofitable activities. Among the activities to be closed is the decorative pillow operation of NYH, which is unprofitable and increasingly prone to foreign competition. Additional Facts Due to increased competition over the last decade, MHA has had to implement cost-cutting strategies for all of its operations to remain profitable. Especially in the last three years, MHA has cut costs significantly and has reduced personnel. In 2002, MHA implemented...
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...Closing Case One - Apple—Merging Technology, Business, and Entertainment This might sound hard to believe, but a bit more than a decade ago, Apple was on the brink of bankruptcy. Apple Computer Inc., now back from near oblivion, is blazing a trail through the digital world with innovation and creativity that has been missing from the company for the past 20 years. The unique feature of Apple’s competitive advantages is that they come from customers and users, not Apple employees. That’s right; the company welcomes products created by consumers to sell to consumers, a trend new to business. Capitalizing on the iPod With millions of iPods in the hands of consumers, many people are finding ways to capitalize on the product. John Lin created a prototype of a remote control for the iPod and took his prototype to Macworld, where he found success. A few months later, Lin’s company had Apple’s blessing and a commitment for shelf space in its retail stores. “This is how Apple supports the iPod economy,” Lin said. In the iPod-dominated market, hundreds of companies have been inspired to develop more than 500 accessories—everything from rechargers for the car to $1,500 Fendi bags. Eric Tong, vice presi- dent at Belkin, a cable and peripheral manufacturer, believes that 75 percent of all iPod owners pur- chase at least one accessory—selling over 30 million accessories to date. With most of the products priced between $10 and $200, that puts the iPod...
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...Business 650: Managerial Finance Week 5 Assignment: Chapter 13 Closing Case February 25, 2013 1. What implications do you draw from the graph for mutual fund investors? The investor should consider the AMEF have only beaten the Vanguard 500 Index Fund twice in the last twenty years (1986, 1987). The graph is also indicating an up and down trend, perhaps reflecting the state of the economy during that time. It is a possibility that AMEF will continue its upward rise in the next five to ten years. “Despite the relative simplicity, mutual-fund investors are still making costly mistakes that are eating into their returns” (Dagher). Making a significant investment based only on the cyclical nature indicated by the graph might not be the best financial idea for the investor. There are other factors to consider besides the information that the graph is providing. In comparison, fees are very low for the Vanguard 500 and it has been in existence much longer, making it practical to study its track record (Ross). However, it would be wise to analyze what those low fees are exactly. Looking at them over the course of one year they might not seem significant but how much do they accumulate during a ten year return? 2. Is the graph consistent or inconsistent with market efficiency? Explain carefully No. The objective of investing in the stock market is to have the best available return on investment. Many investors claim that they can outperform the...
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