...value of two numbers if their sum is 12 and their difference is 4. 2) The difference of two numbers is 3. Their sum is 13. Find the numbers. 3) Flying to Kampala with a tailwind a plane averaged 158 km/h. On the return trip the plane only averaged 112 km/h while flying back into the same wind. Find the speed of the wind and the speed of the plane in still air. 4) The school that Stefan goes to is selling tickets to a choral performance. On the first day of ticket sales the school sold 3 senior citizen tickets and 1 child ticket for a total of $38. The school took in $52 on the second day by selling 3 senior citizen tickets and 2 child tickets. Find the price of a senior citizen ticket and the price of a child ticket. 5) The sum of the digits of a certain two-digit number is 7. Reversing its digits increases the number by 9. What is the number? 6) A boat traveled 210 miles downstream and back. The trip downstream took 10 hours. The trip back took 70 hours. What is the speed of the boat in still water? What is the speed of the current? ©u R2F0S1g2X 9Kiuat6a6 zSvoLfTtEwGaTrXeL 4LsLAC8.E g JATlXlk OrJiZg3hutWs2 GrSezsGecryvQexdO.6 x lMEardgea bwSi8tBhE FImnafAi8n8iatPeb zA8lWgteobsrHaR t1a.E -1- Worksheet by Kuta Software LLC 7) The state fair is a popular field trip destination. This year the senior class at High School A and the senior class at High School B both planned trips there. The senior class at High School A rented and filled 8 vans...
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...Sport Fishing Boats for Sale Battle Fish on and Oceanic Front Fishing is an enjoyable leisurely activity for people of all ages, but for some people, fishing is more of a lifestyle than simply a hobby. For those people, the average fishing vessel is simply not enough. They need something more involved and available for the high energy of the sport fishing day. Sport fishing boats for sale are among the most sought-after vessels. If you are interested in a Sport Fishing boat, here is what you should know. The Right Equipment A sport fishing boat is not just an everyday vessel, but has features and standard equipment to maximize the experience, both in terms of the navigation as well as the fishability of the passengers. Average sport fishing enthusiasts must contend with big game fish,...
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...LABUAN FACULTY OF INTERNATIONAL FINANCE UNIVERSITI MALAYSIA SABAH - LABUAN INTERNATIONAL CAMPUS GB30803 CREDIT MANAGEMENT ------------------------------------------------- Semester 2 (Session 2015/2016) ------------------------------------------------- Assignment 1: Case Study 1 – Boat Builders Pty Ltd PREPARED FOR: Sir. Raymond Liew PREPARED BY: No. | Names | Matrix Number | Program Code | 1. | Lim Khai Sing | BG13110219 | HE20 | 2. | Lorraine Wong Syn Yi | BG13110236 | HE20 | 3. | Tan Chiu Ling | BG13110503 | HE20 | 4. | Yeo Kai Yuan | BG13110575 | HE20 | SUBMISSION DATE: 29th April 2016 1. The accountant has stated in the footnote to these financial statements that the accounts ‘constitute special-purpose financial statements’. a) What are special-purpose financial statements and how are they different from general-purpose financial statements? Special-purpose financial reports are different from general-purpose financial statements as it is a set of financial statements that are prepared using a special purpose framework to cater to the particular needs of specific users who intends to use it. It is not intended to be view by the public, and therefore have a very limited use for anyone other than the intended users. General-purpose financial reports however, provides fundamental and detailed information on the entity. The major differences between the 2 types of report is the special purpose framework. Special-purpose are usually...
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... Merbatty Boat Case Market overview The developing luxury boat building industry is one with a growing customer base of wealthy, successful individuals and corporate clients. The industry is mostly concentrated in Europe and the USA, although new boat building companies have recently entered the market in Australia and some areas of Asia. Classification of the market and its products can be done in different ways, but the most common are by boat length, engine performance or by hull type. In 2012, the luxury boat building industry generated approximately $5.5 bn in revenues and delivered nearly 3,600 engine-powered boats globally. The material in this case is confined to boats powered by engines and does not include sailing yachts, which are a completely separate market segment. There are a number of major international builders of luxury boats, which together produce a range of over 180 different models. Most luxury boats have living accommodation and crew quarters. The selling prices for these luxury boats range from around $0 4m to over $9m. Each boat type has a choice of different cost options, depending on customers’ specifications and engine size. Boat building companies typically appoint agents to secure sales from the end customer. The sales agent is the ongoing link with the customer from initial contact until delivery of the boat. Most boat building companies have agents in a wide variety of places globally, in order to secure sales, even though...
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... $2 $4 Car Top Carrier (fits most vehicles) $6 $10 **Utility Trailer (6' x 12') $12 $20 **Enclosed Trailer (6' x 12') $25 $40 *** or****Car Trailer (18’) $37 $59 **Log Splitter $29 $45 ****Coleman Camper Taos sleeps 4 $40 $70 ****Coleman Camper Santa fe sleeps 4 $52 $100 ****Coleman Camper Bayside sleeps 6 $64 $125 !!!Propane for Campers not included!!! Canoes, Boats, and Accessories Day Weekend Fiberglass Canoe $14 $25 Kayak, One or Two Person $14 $25 **Canoe Trailer (holds 1 or 2) $10 $18 **Canoe Trailer (holds 6 or 8) $23 $40 **^6 Canoe Package $92 $175 **^8 Canoe Package $115 $200 **#^Pontoon Boat $125 $200 **#^Bass Tracker or Low Fishing Boat $125 $200 **#^14‘ V Bottom w/ 9.9hp motor $41 $75 **#^14‘ V Bottom or Jon Boat $23 $40 Anchor/Lifejacket/Oars/Paddle $2 $4 Trolling Motor w/battery $12 $20 9.9 Boat Motor $20 $35 !!!Boaters Safety Course is required to rent a motorized boat at ODR!!! * Requires 1 7/8" ball and 4-prong light connector ** Requires 2" ball and 4-prong light connector *** Requires 2 5/16” ball and 7 prong light connector **** Requires 2” ball 7 pin light connector # Lifejackets and oars are included in the rental fee. Fuel and oil are not ^ Trailer included PATRONS ARE RESPONSIBLE FOR PROVIDING THEIR OWN TOWING HITCH, BALL AND LIGHT ADAPTER! All items must be returned clean...
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...grandfather took me on my first of many fishing trips to a small lake near his house. When his grandchildren visited, we all went along with him. He gave each of us our own special fishing poles, and he taught us everything about fishing, from how to set up our poles to how to bait our hooks, and eventually how to clean fish. As I grew older, our fishing trips grew from hour-long visits to a local lake to trips to the coast, where we would go on deep-sea fishing expeditions. He found relaxation and peace in the hobby, and it became my favorite way to relax as well. I have decided that there is no reason that I cannot turn this hobby that I love into a profitable business, and have decided to become a deep sea fishing guide. Type of business The business that I intend to start is a charter fishing boat business. The name of the business will be Blue Water Fishing Guides. I will operate the business out of Islamorada, Florida, a small town located in the Florida Keys. I will start the business with two fishing boats with a total passenger capacity of 6 guest fishermen per boat in addition to a captain. One boat will operate on a daily basis as long as there are at least two customers, with the second boat being in use if the first boat’s capacity is exceeded. There are several different variations on the charter fishing boat business, and my business will target the higher-end market segment. On higher-end fishing charter boats, the captain provides all of the equipment, baits...
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...Philippines a haven for cigarette smugglers By Chay Florentino Hofileña, Newsbreak Posted at 05/26/2009 7:55 AM | Updated as of 05/26/2009 8:20 AM (First of two parts) Fisherman Lino Bocalan became legend in the 1950s to 1960s after he chanced upon an alternative and more lucrative profession: cigarette smuggling. Beneath the seawaters of his sleepy hometown of Tanza in Cavite, Bocalan discovered gun powder among the remnants of Japanese or American ships from World War II. The finds proved especially useful for fishermen who engaged in dynamite fishing back then. Illiterate but supposedly gifted with numbers, Bocalan eventually linked up with traders in Mindanao who were drawn to his supply of gun powder. In exchange, they offered him “blue-seal” or imported cigarettes, which were illegally, and easily, transported from areas like Borneo because of the South’s un-policed shorelines. Before long, Bocalan built a fortune and a name in an industry that grew in Tanza, aided in part by the presence of Sangley Point, a former American base where blue-seal cigarettes were sold and taken out from its commissary. He eventually traded directly with Borneo, cut the southern connection, and became a millionaire. Decades later, the Tanza cottage industry has evolved into a lucrative national, and even a global, industry. The southern backdoor, where traders of smuggled cigarettes used to taunt law enforcers, has become an outmoded entry point. Smugglers have become more brazen,...
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...Data Analytics: A Marketing Segmentation Case Study T. Evgeniou, INSEAD J. Niessing, INSEAD The Iterative Process Cycle Data Preparation & Exploration Analysis Goal of Analysis Performance Assessment Segmentation Methodology – A(nother) Process 1 2 3 4 5 6 Identify Business Issues Clarify Scope and Dimensions Generate and Refine Hypotheses Decide on Data to use / Collect Needed Data Build the Segmentation Framework Link to Marketing & Business Strategy A Segmentation (micro-)Process • Segmentation solution is created through a rigorous and iterative process Data Processing/ Factor Analysis Cluster analyses Review and refine Why Segmentation? • SEGMENTATION is a critical enabler to achieve business objectives and realize benefits • SEGMENTATION is critical to identify white spaces for new products/offerings • SEGMENTATION helps organizations to optimize their retention and acquisition strategy • SEGMENTATION is often used to optimize pricing across different products • SEGMENTATION enables organizations to become more customercentric • MARKET DYNAMICS make segmentation critical to business success. Questions You Might Hear… These are only some of the issues that clients may raise that clue you in to appropriateness of segmentation Growth & New Opportunities Market Structure Product Development Channel Deployment Resource Allocation Retention...
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...FACULTY : FACULTY OF ACCOUNTANCY PROGRAM : MASTER OF ACCOUNTANCY COURSE: MANAGEMENT CONTROL AND DECISION MAKING COURSE CODE : MAC 700 Case Study 1 BATES BOATYARD Upon returning to civilian life after several years in the Navy, Sarah Bates sought a small business that she might buy. Being a thrifty person with no dependents, she had built up a fair amount of savings, the accumulation of which had been aided by the fact that she had seen considerable duty in areas where there had been nothing to buy. Bates finally located a small boatyard for sale in a town on the coast of Maine where she had spent many summers. The proprietor was getting along in years and wished to retire. He was offering the yard for sale at what Bates believed to be a fair starting price that could probably be worked down to a very reasonable figure through negotiation. It is not necessary here to go into the details of investigation and negotiation. Bates bought the yard. The business being somewhat larger than she could finance alone, she had borrowed the additional funds required from a friend, giving a mortgage on the property as security. Bates realized the need for adequate accounting records if she was to manage the business successfully. The records on hand were for cash receipts and disbursements only. Actual balance sheets and profit and loss statements that had been prepared for the former owner for tax purposes were also available. A person who was a reasonably capable bookkeeper and...
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...diversified company and evolved out of Biego in 1915 to provide electricity to the Brightland island residents. BLSC is the sole provider for all of the Brightland residents electrical needs. However, due to the decline in tourism, net income from electric revenues have remained flat despite price increases. In order to supplement BLSC’s revenue stream the company decided to diversify it's portfolio in 2007. Today BLSC, runs several businesses: shipping company (BOATS), insurance company (PICO), banking operations (MM), as well as an electric company (BIEGO) which all operate in Brightland. Market Analysis The island economy of Brightland has a population of 350,000 and its main source of revenue comes from tourism and agriculture. The target market for our 4 businesses will include residents, tourists, and students. BIEGO electricity sales have been flat due the decline in tourism and new efficient appliances, which have reduced the consumption. Residents have made it clear that they would like the island of Small Bright to remain in pristine condition and for the company to become more energy efficient. Biego will need to switch from fuel oil to gas to maintain the company’s corporate citizen responsibility. To convert the plant from fuel oil to gas feed requires a $65 million investment from company. Recommendations There are significant opportunities for BLSC to grow in each of its 4 industries: BIEGO- Biego will invest $65 million to convert the plant fuel...
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...Chart of Accounts Following is a typical chart of accounts, which is used in several assignments. Every company has its own unique accounts and numbering system. Assets Current Assets 101 102 103 104 105 106 107 108 109 110 111 119 120 121 124 125 126 128 129 131 132 133 134 135 Cash Petty cash Cash equivalents Short-term investments Fair value adjustment, _______ securities (S-T) Accounts receivable Allowance for doubtful accounts Legal fees receivable Interest receivable Rent receivable Notes receivable Merchandise inventory __________ inventory __________ inventory Office supplies Store supplies _______ supplies Prepaid insurance Prepaid interest Prepaid rent Raw materials inventory Goods in process inventory, _______ Goods in process inventory, _______ Finished goods inventory 166 Accumulated depreciation — Store equipment 167 _______ equipment 168 Accumulated depreciation — _______ equipment 169 Machinery 170 Accumulated depreciation — Machinery 173 Building _______ 174 Accumulated depreciation — Building _______ 175 Building _______ 176 Accumulated depreciation — Building _______ 179 Land improvements _______ 180 Accumulated depreciation — Land improvements _______ 181 Land improvements _______ 182 Accumulated depreciation — Land improvements _______ 183 Land 222 223 224 225 226 Employee retirement program payable Employee union dues payable Federal unemployment taxes payable FICA taxes payable Estimated vacation pay liability Unearned Revenues 230 231...
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...Cost-Volume-Profit Analysis Objective 1 • Identify how changes in volume affect costs. Types of Costs Variable Fixed Mixed Total Variable Cost Total variable costs change when activity changes. Total Long Distance Telephone Bill Your total long distance telephone bill is based on how many minutes you talk. Minutes Talked Variable Cost Per Unit Variable costs per unit do not change as activity increases. Per Minute Telephone Charge Minutes Talked The cost per long distance minute talked is constant. For example, 10 cents per minute. Variable Costs Example Consider Grand Canyon Railway. • Assume that breakfast costs Grand Canyon Railway $3 per person. • If the railroad carries 2,000 passengers, it will spend $6,000 for breakfast services. Variable Costs Example Total Variable Costs (thousands) $24 – $18 – $12 – $6 – – – – – 0 1 2 3 4 5 Volume (Thousands of passengers) Total Fixed Cost Total fixed costs remain unchanged when activity changes. Your monthly basic telephone bill probably does not change when you make more local calls. Monthly Basic Telephone Bill Number of Local Calls Mixed Costs • Contain fixed portion that is incurred even when facility is unused & variable portion that increases with usage. • Example: monthly electric utility charge – Fixed service fee – Variable charge per kilowatt hour used Mixed Costs Total Utility Cost Variable Utility Charge Fixed Monthly Utility Charge Activity (Kilowatt...
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...Lecture topic, Knowing YACHT Story about Taiwan Yacht Industry & Horizon Group The history shows that the yacht sailing starts from Ming Dynasty “Zheng He's Expedition”. The business Flow of yacht industry as below,Boat show→Contract/Spec. Negotiation→Simple Sketch drawing→Manufacturing→Shipping/delivering→After sale service. At class, I was thinking the high price of buying a yacht so I raised a question “The yacht price is high, is the payment term important for your company? What is the payment term between you and your most customers? Also compare to your western customers, is there any difficulty to negotiate the payment term with Chinese as you now will be focusing your new market in China? ” James Fwu indicates that pay in advance is very important. Normally when signing the sales contract, 10% deposit is required. And each step of manufacturing the yacht will require 10% payment as well. Previously, most customers will agree on this payment, however, as globally bad economy which makes the negotiation becomes harder. Some customers decline to pay after they indeed see the finished product. Horizon will try to insist the 10% advanced payment because each yacht’s high cost relating to investors fund, not Horizon group only. We need to be responsible to our investors. The 2nd question I raised “You mentioned the shipping/delivering yachts need to be very careful and it requires high insurance fee, how is the shipping term to ship your yachts? FOB/ IF/Others? Does...
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...people argue by asking the question, which is a better vacation? Is it a cruise vacation or an all- inclusive resort vacation? There are a lot of things that play a part in which is a better vacation; anything from food, activities, age of people to the price. My wife and I have taken both of these vacations in the past 12 months and will try to share our likes and dislikes. Some of the highlights are the same. They both have lots and lots of food. They both are full of fun with plenty to do and if you get bored, I would consider the experience your own fault. Our first cruise experience came with the opportunity to spend it with six other friends back in May of 2008. Carnival was the one we choose because people refer to it as a party boat (Cruise mates). If a person is looking for more of a party atmosphere, go with carnival. That is what we did and the reviews were correct. For a younger crowd; go in the spring or fall and for fewer days because kids are in school. Our first resort was nine days in Jamaica at an all inclusive Sandals Resort. The time was March 20th 2009 which was our honey moon. What makes Sandals the best place to spend your vacation, there is eight other locations over the island. People stayed at the less expensive location and played at all the rest which is included in the price. While everything is included in the price for the cruise; the drinks were extra. They offered what they call a fun pass. All extras were added to it like a credit card...
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...Consumers May Be Required to Report and Pay Sales or Use Taxes For consumers that order tax-free items online, but live in states that charge a sales tax, they are technically required to report that purchase to their state tax agency and pay the sales tax directly to the agency. When consumers are required to do so, it is often called a "use" tax. The sole difference between a sales tax and a use tax is the person that ends up giving the money to the state government. When it is a sales tax, the retailer is the one handing over the money, while a use tax is handed over directly by the consumer. However, collecting use taxes on small purchases often costs more than simply letting the consumer not pay the use tax. Instead, state tax agencies try to focus more on collecting use taxes for big ticket items that are purchased online with no sales tax, such as cars and boats. However, there are a number of states that have stepped up their enforcement of their use tax laws and are now trying to make their state residents pay the taxes that should be paid. However, these states are still hampered by limited resources as well as the complexities involved with tracking down minor purchases and demanding that a use tax be paid. It is worthwhile to keep in mind that state governments are missing out on a substantial chunk of money when it comes to uncollected use taxes. It is not too hard to imagine the federal government stepping in at some point to pass legislation regarding use...
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