...A job at S&S Air Chapter Case Click Link Below To Buy: http://hwaid.com/shop/a-job-at-ss-air-chapter-case/ You recently graduated from college, and your job search led you to S&S Air. Because you felt the company's business was taking off, you accepted a job offer. The first day on the job, while you were finishing your employment paperwork, Chris Guthrie, who works in finance, stops by to inform you about the company's 401(k) plan. A 401(k) plan is a retirement plan offered by many companies. Such plans are tax-deferred savings vehicles, meaning that any deposits you make into the plan are dedicated from your current pre-tax income, so no current taxes are paid on the money. For example, assume your salary will be $30,000 per year. If you combine $1,500 to the 401(k) plan, you will pay taxes on only $28,500 in income. No taxes will be due on any capital gains or plan income while you are invested in the plan, but you will pay taxes when you withdraw the money at retirement. You can contribute up to 15 percent of your salary plan. As is common , S&S also has a 5 percent match program. This means that the company will match your contributions dollar-for-dollar up to five percent of your salary, but you must contribute to get the match. The 401(k) plan has several options for investments, most of which are mutual funds. A mutual fund is a portfolio of assets. When you purchase shares in a mutual fund, you are actually purchasing partial ownership of the fund's...
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...Ratios and financial planning at S&S Air, Inc. Chris Guthrie was recently hired by S&S Air, Inc., to assist the company with its financial planning and to evaluate the company's performance. Chris graduated from college five years ago with a finance degree. He has been employed in the finance department of a Fortune 500 company since then. S&S Air was founded 10 years ago by friends Mark Sexton and Todd Story. The company has manufactured and sold light airplanes over this period, and the company's products have received high reviews for safety and reliability. The company has a niche market in that it sells primarily to individuals who own and fly their-own airplanes. The company has two models; the Birdie, which sells for $53,000, and the Eagle, which sells for $78,000. While the company manufactures aircraft, its operations are different from commercial aircraft companies. S&S Air builds aircraft to order. By using prefabricated parts, the company can complete the manufacture of an airplane in only five weeks. The company also receives a deposit on each order, as well as another partial payment before the order is complete. In contrast, a commercial airplane may take one and one-half to two years to manufacture once the order is placed. Mark and Todd have provided the following financial statements. Chris has gathered the industry ratios for the light airplane manufacturing industry. S&S Air, Inc.2009 Income Statement. | Sales | $20,077,000...
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...Data and Information Author(s): Redman, Thomas C. Publication Date: 09/22/2008 Product Type: HBS Press Chapter Abstract: This chapter focuses on the current state of data and information quality in the typical organization. The author discusses seven common data quality issues, including poor data definition and organizational confusion. Real-life examples, such as the subprime mortgage meltdown, demonstrate the need for developing a keen eye for the roles that data play in your organization, including operations, delayed decisions, and misinformed strategies. Subjects: NO SUBJECTS(KEYWORDS) Length: 29p List Price: $6.95 BH087 Title: The 3R Framework: Improving eStrategy Across Reach, Richness, and Range Author(s): Wells, John D.; Gobeli, David H. Publication Date: 03/15/2003 Product Type: Business Horizons Article Publisher: Business Horizons/Indiana University Abstract: Identifying effective strategies for designing and implementing e-business initiatives has been a persistent challenge for both practitioners and academicians. A conceptual framework is needed for leveraging digital attributes based on three dimensions: reach, richness, and range. By defining and combining these three dimensions to create such an integrated e-business strategic framework, this article provides managers with a way to assess their current strategy, as well as a prescriptive direction for strengthening it. Subjects: Corporate strategy; Electronic commerce; Technology Length:...
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...University Calumet, Hammond, IN 46323, USA Using CFD to Study Air Quality in Urban Microenvironments Varun Khare Purdue University Calumet Hammond, IN, USA | Abstract The project is concentrated on the study of the plume height coming out of buildings, such as restaurants and cooling towers around the office buildings, in an urban microenvironment, along with the placement of air intakes and exhausts on buildings which can significantly affect the overall indoor air quality. Earlier studies on the effects of building air intakes have been limited to relatively simple situations, unable to treat the complex envelope of most buildings and building groups. Computational Fluid Dynamics (CFD) is a tool that assists in modeling the airflow and dispersion of pollutants among complex urban geometries on the scale of a section of a building’s exterior up to several city blocks. This tool allows more accurate predictions of impacts over a range of meteorological scenarios and alternative building designs and placements relative to roadways and other pollutant sources. The steps in a CFD application are presented including geometry and mesh creation, simulation of meteorological conditions, handling of pollutant sources, and post-processing visualization. INTRODUCTION Design and placement of a building’s outside air intake is a very important building design concern, especially...
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...Ratios and Financial Planning at S&S Air, Inc. 1, Profitability Ratios 1. Profit margin = net income/sales Profit margin = $1,005,600 / $20,077,000 Profit margin = 0.0501 or 5.01% 2. Return on assets (investment) = net income/total assets Return on assets = $1,005,600 / 15,453,900 Return on assets = 0.0651 or 6.51% 3. Return on equity = net income/stockholder’s equity Return on equity = $1,005,600 / $9,466,820 Return on equity = 0.1062 or 10.62% Asset Utilization Ratios 4. Receivables Turnover = sales (credit)/receivables Receivables turnover = $20,077,000 / $1,534,680 Receivables turnover = 13.08 times 5. Average collection period = accounts receivable/average daily credit sales Average collection period = 365 days / ($20,077,000 / $1,534,680) Average collection period = 28 days 6. Inventory turnover = sales/inventory Inventory turnover = $14,985,000 / $1,238,500 Inventory turnover = 12.10 times 7. Fixed asset turnover = sales/fixed assets Fixed asset turnover = $20,077,000 / $12,315,680 Fixed asset turnover = 1.63 times 8. Total asset turnover = sales/total assets Total asset turnover = $20,077,000 / $15,453,900 Total asset turnover = 1.30 times Liquidity Ratios 9. Current Ratio = current assets/current liabilities Current ratio = $3,138,220 / $2,162,080 Current ratio = 1.45 times 10. Quick Ratio = current assets – inventory/current liabilities Quick ratio = ($3,138...
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...Bombay High Court 1 1862 - 2012 A Journey of 150 Years through some Memorable Judgments Part 1 2 PREFACE A tiny kernel of an idea planted by Justice Mridula Bhatkar took root, and has resulted in a humble effort to present before you a compendium of the crux of some of the judgments of the Judges who have served the Bombay High Court since its inception in 1862.1 The initial idea was to document one judgment of the First Court from each year which was modified to include a judgment of the Bombay High Court of each year. I soon realized that it was too expansive an idea to merit a single judgment a year. I could collect and collate, as many as ten judgments which would qualify to show the development of the law we desired to portray. Having found too vast a number of such judgments, I had to settle at a more reasonable figure of about five judgments each year to showcase the progress this Court has made from its illustrious beginnings. Our Chief Justice Mohit Shah and our Justice Chandrachud wholeheartedly supported the idea to complement the Book published on this the sesquicentennial of our Court. As the number of Judges grew, fewer judgments of each Judge would be selected as illustrations. These judgments are not the only path-finding groundbreaking ones; they are also ones with simplicity and legal elegance. The number of judgments we settled upon just would not permit all deserving judgments to be compiled; only a few have been picked from each year as the first in...
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...Chapter 4 Mini Case 2 Ratios and Financial Planning at S & S Air Chris Gumede was recently hired by S&S Air to assist the company with its financial planning and to evaluate the company’s performance. Chris graduated from university five years ago with a finance degree. S&S Air was founded 10 years ago by friends Mark and Thandi. The company has manufactured and sold light aeroplanes over this period and the company’s products have received high reviews for safety and reliability. The company has a niche market in that it sells primarily to individuals who own and fly their own aeroplanes. The company has two models, the Birdie which sells for R2 530 000 and the Eagle which sells for R5 780 000. While the company manufactures aircraft, its operations are different from commercial aircraft companies. S&S Air builds aircraft to order. By using prefabricated parts, the company is able to complete the manufacture of an aeroplane in only five weeks. The company also receives a deposit on each order, as well as another partial payment before the order is complete. In contrast, a commercial aeroplane may take one and a half to two years to manufacture once the order is placed. Mark and Thandi have provided the following financial statements. Chris has gathered the industry ratios for the light aeroplane manufacturing industry. S&S Air 2008 Financial Statements |Income Statement | | ...
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...precedents operates as an authoritative source of law and it also has many kinds according to its probative force. decisions than to the views of text writers. A judicial precedent speaks with authority. It is an evidence of law and source of it. The authority of precedents is great because of power, skill and professional reputation of judges who make them. Judicial precedent means the process whereby judges follow previously decided cases where the facts are of sufficient similarity. The doctrine of judicial precedent involves an application of the principle of stare decisis, which is Latin for "let the decision stand" i.e. to stand by the decided. In practice, this means that inferior courts are bound to apply the legal principles set down by superior courts in earlier cases. Judge made law via the cases upon which they decide is one of the oldest sources of law. This provides in the law consistency and predictability. Judicial precedent means a judgment of a court of law cited as an authority for deciding a similar set of facts; a case which serves as authority for the legal principle embodied in its decision. A judicial precedent is a decision of the court used as a source for future decision making. The phrase doctrine of precedent has two meanings; the phrase means merely that precedents are reported may be cited and will be followed by the courts. In the second, the strict meaning, the phrase means that precedents not only have great authority but...
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...The physics of Colonel Kittinger’s longest lonely leap A W Robinson1,3 and C G Patrick2 Department of Physics and Engineering Physics, University of Saskatchewan, 116 Science Place, Saskatoon, SK, S7N 5E2, Canada 2 Department of Civil Engineering, University of Saskatchewan, 57 Campus Drive, Saskatoon, SK, S7N 5A9, Canada E-mail: andrew.robinson@usask.ca 1 Abstract We present a case study of the physical principles necessary to model the high altitude parachute jump made by Colonel Joseph Kittinger, USAF, in 1960, in order to determine the maximum speed attained and to calculate whether this speed was sufficient to exceed the speed of sound at that altitude. There is considerable discrepancy in the value of the maximum speed attained— 614 miles per hour (mph) or 714 mph—in material available over the internet. Using a very simple physical model we are able to conclude that the lower figure is correct and that it is likely that Colonel Kittinger did not ‘break the sound barrier’ during his descent. The wealth of audio-visual material and animations available makes this a particularly attractive case study to instruct students in elementary kinematics, approximation and physical modelling. Introduction On 16 August 1960, Captain (later Colonel) Joseph Kittinger, USAF, jumped from the helium filled balloon Excelsior III, at an altitude of 31 600 m (102 800 ft). His parachute jump remains the highest altitude jump ever made, and the balloon ascent is also the highest altitude...
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...Writ is, however, not ousted. DETENTENTION OF PERSONS WITH MENTAL ILLNESS The relevant legislation in this context would be The Mental Health Act 1987 (‘MHA’). Most Supreme Court litigation on the issue has tended to focus on the conditions of the medical facilities22 and not the admission. But recently due to upcoming cases including the charring to death of 25 inmates in TamilNadu, who were chained for immobility and thus, could not escape when the medical facility caught fire.23 Under the act several procedure has been laid down in detail regarding admission into the medical assistance. Special provisions have been incorporated to deal with the case of minors.24 There is also a mechanism for applying for ‘reception orders’, which are orders passed under the MHA for the admission and detention of mentally ill persons25. An application for the same can be made to a Magistrate by the medical officer in charge of a psychiatric hospital or nursing home, or by a spouse or other relative of the mentally ill person.26 The magistrate has to base his decision on the condition laid down in the MHA.27 The rights and duties of...
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...Assignment 2 i) The balanced stoichiometric equation for the reaction of a 10/90 mixture of Octane and nitro methane is; (9CH_3 NO_2+C_8 H_18 )+19.25(O_2+3.76N_2 ) □(→┴ ) 17CO_2+〖76.88N〗_2+〖22.5H〗_2 O With 20% excess air this equation becomes; (9CH_3 NO_2+C_8 H_18 )+23.1(O_2+3.76N_2 ) □(→┴ ) 17CO_2+〖91.356N〗_2+〖22.5H〗_2 O+3.85O_2 Stoichiometric combustion of octane in air; C_8 H_18+12.5(O_2+3.76N_2 ) □(→┴ ) 8CO_2+〖47N〗_2+〖9H〗_2 O ii) For combustion of octane in 20% excess air C_8 H_18+15(O_2+3.76N_2 ) □(→┴ ) 8CO_2+56.4N_2+〖9H〗_2 O+10O_2 Molar mass of octane= 114 kg/kmol Converting calorific value of octane to kJ/mol; 43.7 MJ/kg×1000kJ/MJ×114/1000 kg/mol=4981.8 kJ/mol Molar mass of nitro methane= 61 kg/kmol Converting calorific value to kJ/mol; 11.3 MJ/kg×1000kJ/MJ×61/1000 kg/mol=689.3 kJ/mol Determining the molar consumption of octane to produce 100kW power. Assuming ideal efficiency. 100kJ/s×1/4981.8 mol/kJ=0.02007 mol/s For 0.2007 mol/s of octane, we would require 0.301 mol/s of air (20%excess) As volumetric efficiency of the engine remains the same, we assume that the air flow rate is the same in each case. Thus we will use 0.301mol/s of air for the dragster fuel mix. Using the ratio of reactants from the balanced equation, we require 0.013mol/s of (9CH3NO2 + C8H18). The power output with the dragster fuel would therefore be;...
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...CASES IN MANAGEMENT 115 Singapore Airlines : Gliding with People Excellence Nilanjan Sengupta and Mousumi Sengupta Introduction The aviation industry has been constantly facing several challenges, such as, overcapacity, commoditization of offerings, cut throat rivalry exacerbated by the entry of low cost carriers, and intermittent periods of disastrous under-performance (Costa et al., 2002). Several macro-level socio-economic factors such as rising oil prices, the SARS (Severe acute respiratory syndrome) crisis, frequent concerns about the eruption of bird flu, the Asian tsunami, and rising terrorism concerns have further impacted profitability, adversely. In 2006, the global airlines industry suffered a net loss of $500m, or 0.1% of revenues, accumulating net losses of $42bn between 2001 and 2006 (International Air Transport Association, 2007). In 2007, the airline industry made a modest net profit of $5.6bn on revenues of $490bn, equivalent to less than 2% margin (International Air Transport Association, 2008). The outlook from 2008 onwards remains bleak. Not surprisingly, the industry is regularly rated as one of the worst performing industries in the Fortune Global 500 rankings. In this industry environment, Singapore Airlines (SIA) has consistently outperformed its competitors (Heracleous & Wirtz, 2009). Copyright ‚ 2014 Shri Dharmasthala Manjunatheshwara Research Centre for Management Studies (SDMRCMS), SDMIMD, Mysore The case writer(s) Nilanjan Sengupta, Professor –HRM...
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...The issue in this case is to assess Phillip’s taxable income for the year ended 30 June 2010. According to section 4-15 Income Tax Assessment Act 1997 (ITAA 1997), taxable income equals assessable income (Division 6) minus deductions (Division 8). Assessable Income In order to determine the assessable income, Division 6 of ITAA 1997 would be the relevant legislation and in particular Section 6-1(1) refers assessable income consists of ordinary income and statutory income. - Rental Income Section 6-5(1) defines “assessable income” to include income according to ordinary concepts. In the case of Adelaide Fruit & Produce Exchange Ltd, ordinary income is characterized as exhibiting recurrence and regularity. For Phillip’s case, rent falls under income from property as it exploit the property and considered to be income producing. Whereas Adelaide’s ruling for periodic and regular payment is satisfied by which a tenant contracts to pay the landlord, Phillip, for the use of premises. Hence, rent income of $55 000 is assessable under Section 6-5 ITAA 1997. However, $5 000 rent received on 5 July 2010 is not included since the case is only calculating for year ended 30 June 2010. - Manufacturing of tennis racquets business Section 6-5 ITAA 1997 defines “business” as sustained and regular transactions and transactions done in the course of carrying on a business. This is satisfied by the manufacturing of tennis racquets where it regularly manufacture and...
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...levels of air pollution can cause a variety of adverse health outcomes. Air quality in developed countries has been generally improved over the last three decades. However, many recent epidemiological studies have consistently shown positive associations between low-level exposure to air pollution and health outcomes. Thus, adverse health effects of air pollution, even at relatively low levels, remain a public concern. This paper aims to provide an overview of recent research development and contemporary methodological challenges in this field and to identify future research directions for air pollution epidemiological studies. Introduction It is well known that exposure to high levels of air pollution can adversely affect human health. A number of air pollution catastrophes occurred in industrial countries between 1950s and 1970s, such as the London smog of 1952 [1]. Air quality in western countries has significantly improved since the 1970s. However, adverse health effects of exposure to relatively low level of air pollution remain a public concern, motivated largely by a number of recent epidemiological studies that have shown the positive associations between air pollution and health outcomes using sophisticated time-series and other designs [2]. This review highlights the key findings from major epidemiological study designs (including time-series, case-crossover, panel, cohort, and birth outcome studies) in estimating the associations of exposure to ambient air pollution...
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...EIS N 2277-4955 S THE K I NG WI THOUT FI SHES...!!! [CASE ON CRI SI S OF K I NGFI SHER AI RL I NES] Prof. Bhavik M. Panchasara Marwadi Education Foundation’ s Group of Institutions, RajKot, bhavikpanchasara@gmail.com ABSTRACT Indian Aviation Industry is one of the fastest growing markets in the world. But nowadays it is in the news due to different reason. And that is the failure of one of the leading aviation player - Kingfisher Airlines. The airline has been facing financial issues for many years. Till December 2011; Kingfisher Airlines had the second largest share in India's domestic air travel market. However due to the severe financial crisis faced by the airline, it has the fifth largest market share currently. Even the company have no funds to pay the salaries to the employees and is facing several other issues like fuel dues; aircraft lease rental dues, service tax dues and bank arrears. This case outlines the financial turmoil of the Kingfisher in detail. Keywords: Aviation industry, Kingfisher Airlines, financial turmoil, financial issues, crisis and debt restructuring I NTRODUCTI ON: Kingfisher Airlines is an airline group based in India. Its head office is The Qube in Andheri (East), Mumbai; and Registered Office in UB City, Bangalore. Kingfisher Airlines was established in 2003. It is owned by the Bengaluru based United Breweries Group. Kingfisher Airlines, through its parent company United Breweries Group, has a 50% stake in low-cost carrier Kingfisher...
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