...1. What is the Toll Brother’s strategy to success in the market place? The Toll brothers' success during the 1970s was the result of several factors. From the start, they emphasized quality construction and customer satisfaction. Their efforts would eventually earn them a reputation as the "dream house" builder in their markets. Just as importantly, the brothers determined early on that they were going to pursue a conservative financial strategy that would allow them to evade the homebuilding cycles that so commonly wreaked havoc on the industry. To that end, they tried to keep construction costs to a minimum and were careful not to invest heavily in land that might become overpriced when the economy soured. Further to this, Besides top-flight management and strict controls, Toll benefited from a savvy marketing strategy during the mid-1980s. Toll billed itself as a designer of luxury homes, but it did not build custom homes. Instead, it offered customers a variety of floor plans with customized options. Thus, Toll effectively brought the efficiencies of the mass homebuilding sector to the luxury segment. 2. Does the company relied to operational excellence, customer intimacy, and product leadership? The company relied on customer intimacy, coupled with operational excellence and both delivering product that gave them product leadership and to customer, the value of his money. Also, the dynamism of adapting to the Market change contributed to their success. ...
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...Toll Brothers 1. What is Toll Brothers’ strategy for success in the marketplace? Does the company rely primarily on a customer intimacy, operational excellence, or product leadership customer value proposition? What evidence supports your conclusion? 2. What business risks does Toll Brothers face that may threaten the company's ability to satisfy stockholder expectations? What are some examples of control activities that the company could use to reduce these risks? (Hint: Focus on pages 10–11 of the 10-K.) 3. Would Toll Brothers be more likely to use process costing or job-order costing? Why? 4. What are some examples of Toll Brothers’ direct material costs? Would you expect the bill of materials for each of Toll Brothers’ homes to be the same or different? Why? 5. Describe the types of direct labor costs incurred by Toll Brothers. Would Toll Brothers use employee time tickets at their home sites under construction? Why or why not? 6. What are some examples of overhead costs that are incurred by Toll Brothers? 7. Some companies establish prices for their products by marking up their full manufacturing cost (i.e., the sum of direct materials, direct labor, and manufacturing overhead costs). For example, a company may set prices at 150% of each product's full manufacturing cost. Does Toll Brothers price its houses using this approach? 8. How does Toll Brothers assign manufacturing overhead costs to cost objects? From a financial reporting standpoint, why does the company...
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...Beginning in the fourth quarter of fiscal 2005 and continuing into the first quarter of fiscal 2006, we have experienced a slowdown in new contracts signed. We believe this slowdown is attributable to a softening of demand from our home buyers, a lack of available home sites caused by delays in new community openings, delays in approvals of new phases of existing communities and our reluctance to sign new contracts that would require us to extend delivery dates beyond the twelve months that we are quoting to home buyers in many communities. In addition, we believe the damage caused by the hurricanes that struck the United States in fiscal 2005, high gasoline prices and anticipated increases in heating fuel costs during the winter months of fiscal 2006 have caused consumer confidence to decline, thereby decreasing demand for our homes. Because home price increases have slowed in most markets, it appears that customers are taking more time in making home buying decisions. Despite this slowdown, we remain cautiously optimistic about the future growth of our business. Our industry demographics remain strong due to the continuing regulation- induced constraints on lot supplies and the growing number of affluent households. Based upon our evaluation of our backlog, our current communities open and the expected timing of new community openings in fiscal 2006, we believe that we will deliver between 9,500 homes and 10,200 homes in fiscal 2006 with an average delivered price between $670...
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...The 27-km-long Delhi-Gurgaon expressway, the country's most ambitious intra-city toll road will break even in three years, despite the fact that it has incurred 73 per cent of cost over-run, and is running two years behind schedule. The reason: starting January 2008, DS Constructions, the company building and managing this stretch, will impose a toll of Rs 15-18 (for passenger cars), Rs 18-20 (for taxis), and Rs 45-50 (for buses and trucks) per trip. It will help the company generate over Rs 250 crore of annual revenue. It will also help the company recover more than Rs 950 crore invested on the construction of this stretch within he next three years. Since it is an expressway, two-wheelers would not be allowed to commute on this stretch once it is completed, as service roads are being provided for local traffic movement, according to the company officials. The toll rates were ascertained by the National Highways Authority of India (NHAI) recently after finalising the layout of the three toll plazas, which would be put up at this stretch. These toll plazas are being set up near IGI airport, Delhi-Gurgaon border and 42nd Milestone. After much delay, the project is expected to finish by December and company officials say they would start levying toll by January next year. Ministry sources say that toll rates have been determined considering the volume of traffic on that section of the highway. The rates would be subject to periodic review on annual basis and any increase...
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...therefore alternative source of funding needs to be found. Council has come up with various options which can fund this future transport projects. This essay will examine three major options tolls, rates and taxes on the basis of equity and efficiency. Tolling new and existing roads is one of the options which can fund the transport projects in Auckland. In terms of equity dilemmas faced by the policy makers, under the current legislation, an existing un-tolled alternative road must be available. Therefore, it will be essential to only toll roads (existing or new) which have an alternative free route available. Hence the driver will have a choice to use the tolled road alternative free route. Therefore, toll will be only paid by those who are willing to pay to use the road; others can use the alternative free route. Available options will not impose burden on the drivers to pay. But it will be important to consider that the toll roads may be less used compared to the free route available which may lead to less collection of tax. According to Cr Brewer, “It is going to get very expensive to live in Auckland by adding tolls to road.” At the same time, toll will be a regressive tax as people using the roads can be a higher income earner and lower income earner and both will pay the same toll...
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...Front Page and Life, “Most Americans think that 75-year olds should have to re-sit their driving tests in order to keep on driving, while people also it’s about as difficult as it should be to get a license in the first place.” Can you think back to a time where you were on your way to say either a doctor’s appointment or running a tad bit late for work and you happen to get stuck behind a slow moving elderly person that clearly wasn’t even driving the speed limit? Having a set age limit by each state for the elderly to retake their driving test should ensure that getting behind one that isn’t driving the speed limit wouldn’t happen again. Increasing the amount of toll roads in a city would help deviate the amount of traffic congestion on regular highways. As stated by Bustillo, Miguel and Koppel, Nathan, “Toll roads are experiencing a growth spurt around the U.S. as states strapped for cash look to relieve traffic congestion without...
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...in the wheels of the carriages so it made it an uncomfortable ride. the roads weren’t smooth and wheels got caught on rocks. when the soil got wet it went into mud and it was very hard to get the wheels through. the roads were getting damaged. footmen sometimes had to walk in front with an axe to clear the way of bushes and trees. journeys in wagons took twice as long in the winter than in the summer. the fastest coach took six and a half days from London to Newcastle. There was danger of Highway men (people who mugged carriages for goods). Soon the roads were improved when business people and local people joined together to form turnpike trusts and parliament gave them control over a section of road. The people set up gates and toll houses and charged people to use the roads. The money that they raised was used to improve the roads or even build new ones. The number of turnpike trusts grew quickly and soon they controlled 22,000 miles out of 105,000 miles of important roads. Some trusts employed surveyors who developed ways of building stronger roads that stood up better to heavy traffic. One of these surveyors was John McAdam, who worked for many turnpike trusts. He realised that roads needed strong foundations and good drainage. He provided this by adding a ditch on each side of the road and...
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...Traffic congestion: This essay deals with the sources, effects and steps taken by The Government, Public Amities and The Greens organization to cover the traffic congestion and keep it stable. Increasing bicycle, train and trams. Maintaining the less roadway usage by people and shortening to build new roads. Investment in public transports like trains and trams are the only ways to control road transports, also the facilities and features which attracts people for using public transport and their safety purposes. Australia is facing a vast problems due to traffic congestion, The sources for traffic congestion is there are more cars and vehicles increasing day to day, not only because of Australian citizens but also outsiders, travelers, overseas students and by many ways Melbourne is is facing traffic congestion. Although Melbourne is well planned and arranged city yet it faces traffic congestion because of population and all kind of works I T companies, businesses and industries are held in the city so there is a need for everyone to go city for their needs. Australian urban freeways are averaging around 1,600 to 1,700 vehicles per hour per single lane during the peak hours which goes about 2,100 vehicles per hour per lane are being used as overseas in urban freeways. According to a survey taken in last year by government says that 8,200 motorists in 20 cities and its still increasing day to day and over 70% of the job holders and self business people and 90% of workers...
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...A National Plan On April 4, 1808, Albert Gallatin, Secretary of the Treasury in the administration of Thomas Jefferson, sent to the Senate his report on roads and canals. It begins with the assertion that " the general utility of artificial roads and canals . . . is universally admitted." The question is, who should build them. In some countries, "these improvements may often, in ordinary cases, be left to individual exertion, without any direct aid from Government." In the American case, two major circumstances," whilst they render the facility of communications throughout the United States an object of primary importance, naturally check the application of private capital and enterprise to improvements on a large scale." The first of these is the relative scarcity of capital. It is much more difficult than in Europe to attract investment by "prospects of remote and moderate profit." The second is " the extent of the territory compared to the population." With a sparse population, local traffic cannot be counted on to make profitable a local improvement. In general, a canal will be unproductive unless it opens " a communication with a natural extensive navigation which will flow through that new channel." For this reason, " some works already executed are unprofitable; many more remain unattempt, because their ultimate productive- ness depends on other improvements, too extensive or too distant to be embraced by the same individuals." " The General Government ", declares the...
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...more precise than others, for example the Electronic Road Pricing Scheme in Singapore, which utilises variable pricing based on congestion levels and time of day, to fully apply the cost of congestion to the private motorist. In doing so, it improves awareness of the external cost involved when deciding to travel on a particular stretch of road, as evidenced by Singapore having one of the highest per capita incomes in Asia, but fewer than 30% of Singaporean households owning cars (given that cars are often considered luxury goods and demand should rise in times of prosperity) . The road pricing scheme generates money from car users that can be hypothecated into resolving the negative externalities that are generated by apathy towards the toll. If congestion continues at the same rate, the scheme not failed, as these charges...
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...* Skip to Navigation * Skip to Content TermPaperWarehouse.com - Free Term Papers, Essays and Research Documents The Research Paper Factory * Join * Search * Browse * Saved Papers ------------------------------------------------- Top of Form Search Bottom of Form * Home page » * Business and Management Private Fitness Llc In: Business and Management Private Fitness Llc PRIVATE FITNESS, LLC Background/Issues and Concern: • Acts of Kate with regards to the theft • Rosemary and Kate are long-time friend • Rosemary wanted to increase her standard of hiring by capitalizing on her reputation and knowledge in the growing fitness field and to have more time to spend with her two young children • Rosemary wants to protect her assets Problem Statement: How should Rosemary address her prolem with regards to the situation with Kate as well as in protecting her assets? Point of View: Rosemary Worth, the owner of the Private Fitness, LLC Objectives: 1. to strengthen the controls of the business 2. to eliminate theft and any other kind of fraud which can harm the entity 3. to operate and earn revenues effectively and efficiently Areas of Consideration: 1. The market of their business 2. The acts of Kate 3. The goal of Rosemary 4. Protection of assets 5. Rosemary’s situation Alternative Courses of Action: 1. Fire Kate and hire one of the remaining instructors as a manager Advantages: • Possible thief will...
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...Private bus service: Is it a real service provider to the nation? Today, people have begun to express their frustration over the unfair increase of bus fares from time to time in the recent past. It has become the widespread subject of arguments among the public. A certain bus ownership has threatened an increase in bus fares on its own from September but the Transport Commission has categorically emphasised that transport permits would be revoked against any illegal increase of bus fares. This cold war between a particular bus ownership and the Government has become hot news in the media these days. It has been the practice throughout to raise bus fares every year irresponsibly with the approval of the Transport Commission without any reliable excuse. The increase in fuel prices were followed by another instance of raising private bus fares last February. Regrettably, the most affected are the middle class and the public with low incomes who use buses for their daily travel. In the interest of the general public, the Transport Commission is duty-bound to review if private bus services, after experience of 35 years, have won the confidence of commuters with such a remarkable service as pledged at the inauguration in 1978. Nationalisation With nationalisation of bus companies by the Bandaranaike Government in 1958, a longstanding progressive demand by the people, the Ceylon Transport Board which was the key body of national transport was established to provide an excellent...
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... |Title |Page no | |1 |ABSTRACT |2 | |2 |INTRODUCTION |3 | |3 |VARIOUS MODELS PROPOSED BY GERMAN GOVERNMENT |3-4 | |4 | |4-5 | | |PROS AND CONS OF TOLL SYSTEM IN GERMANY | | |5 |CONCLUSION |6 | |6 |REFERENCES |7 | ABSTRACT Due to the financial crisis in constructing infrastructure and maintenance for autobahns,...
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...Nothing lasts forever, and shifting technologies and market conditions can render once strong assets as obsolete. Within the past decade, technology has become a norm within society. If you don’t have a cell phone by the age of eight, one is not fitting the normal standard. A perfect example of shifting technologies would include tollbooths. Tollbooths across the turnpike had individuals working twenty-four hours a day and seven days a week to physically collect driver’s money. Slowly, today’s well known Florida Sunpass was introduced on April 24, 1999 (Sunpass). As the convenient device became popular, the need for physical employees at tollbooths began to diminish as more Sunpass tollbooths were built. Having this in mind, growing up I have seen people-run cash registers evolve to self checkouts, mailing out checks evolve to paying via internet in the convenience of your own home, etc. Growing up in the era of change, if I had a business, understanding the evolving technologies around us can keep a business afloat. Keeping in mind the many changes within the company I currently work for, I would probably use the same strategies. For one, we have evolved from using spreadsheets, manual work, and onsite servers to developing software to hold, gather and populate our information on the cloud. But why stop there! Developing software for our company’s demands may be helpful to other businesses within our same field. Therefore, why not make it available to the public for...
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...Dial "3625550100" on the cell phone. If you enter this code while in a vehicle, it will also repair it. Note: This phone number translates to "DOC-555-0100". Dial "4825550100" on the cell phone. If you enter this code while in a vehicle, it will also repair it. Note: This phone number translates to "GTA-555-0100". Dial "4865550100" on the cell phone. This will unlock the baseball bat, handgun, shotgun, MP5, M4, sniper rifle, RPG, and grenades. Note: This phone number translates to "GUN-555-0150". Dial "4865550150" on the cell phone. This will unlock the knife, Molotov cocktails, handgun, shotgun, Uzi, AK47, sniper rifle, and RPG. Note: This phone number translates to "GUN-555-0100". Dial "2675550100" on the cell phone. Note: This phone number translates to "COP-555-0100". Dial "2675550150" on the cell phone. Note: This phone number translates to "COP-555-0150". Dial "3595550100" on the cell phone. The Annihilator is armed with rockets. Note: This phone number translates to "FLY-555-0100". Dial "2275550142" on the cell phone. Note: This phone number translates to "CAR-555-0142". Dial "2275550175" on the cell phone. Note: This phone number translates to "CAR-555-0175". Dial "2275550100" on the cell phone. Note: This phone number translates to "CAR-555-0100". Dial "9385550100" on the cell phone. Note: This phone number translates to "WET-555-0100". Dial "6255550100" on the cell phone. Note: This phone number translates to "MBK-555-0100". Dial "6255550150" on the cell...
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