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
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The University of Oregon “The Bear Minimum” Case ACTG 352: Intermediate Accounting III October 9th, 2014 To: Big Bear Power Date: October 7, 2014 Re: The Bear Minimum Summary Big Bear Power, a public utility company, has entered into a 10-year non-cancelable agreement with Goliath Company to lease a turbine. The lease is effective on January 1, 2011. The purpose of this report is to provide Big Bear with insight in evaluating whether the costs or potential costs associated with
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Background Big Bear Power is a public utility with a strong financial position for the past several years. As a result of having a positive cash flow, Big Bear is in compliance with all of its debt covenants. Big Bear has entered a 10 year non-cancelable lease with Goliath Company for a combustion turbine. The lease is signed on December 15, 2010 and the right to use the turbine begins on January 1, 2011. Relevant Issues and Case Facts The case focuses on whether certain costs and provisions
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“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
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Grizzly bears are under federal protection because they almost went extinct in the early 1900s. Native Americans want to protect grizzly bears in the West. Grizzly bears should be kept under a threatened status and be protected by the federal government. Grizzly bears should be protected because they are sacred to Native Americans, they should not be hunted for sport, and they are still a threatened animal. Federal and state officials have fought to reverse the threatened status on grizzly bears. Native
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what happens to the atmosphere when greenhouse gases are being pumped into it faster than it can be absorbed. Many people believe that global warming is a problem that can only be solved by big companies and the government. What happens when the government is handing out millions of dollars in tax breaks to big oil companies that are polluting our earth and no one is doing anything to stop them? People do not understand the amount of damage just a single person can do to the air around us. Global
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protect them even facing big animals like lions and bears. b. HOW DID DAVID’S EXPERIENCES (CITE THOSE EXPERIENCES) AS A SHEPHERD CONTRIBUTED TO HIS VICTORY OVER GOLIATH? David had confidence in his ability because of his past experience fighting lions and bears while guarding his father’s goats and sheep. He used that past experience to fight Goliath. He is so persistent to fight Goliath and insisted that fighting Goliath is no difference with fighting lions and bears. He sighted that when
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Imagine you are a polar bear, and you want to get to shore, but you can't because it's too long of a swim, because the ice caps at the shore have melted and the ice caps you are on our floating further and further away becauses of greenhouse gas effects on the environment. Therefore you can't get home, you can't get food, and you can't survive. The polar bear was added to the endangered animal list in 2008 because of multiple causes, most are from impacts caused by greenhouse gases. Greenhouse gases
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Gun control and the Second Amendment The United States Constitution says that U.S. Citizens have the right to bear arms. Even though this guarantee was written with no constraints, there are now laws that limit certain aspects of gun ownership. The reasons for gun control fall under the flag of public safety. Though there are many safety reasons why private ownership of firearms should be banned, these arguments are outweighed not only by the need for
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shoulder the cost for all the reparations even though the damage was done by both the Allies and the Central Powers. Only Germany will bear the shame and blame which shows that The Big Three negotiated the conditions of the Treaty to increase their personal benefit. The military clause was the harshest and most damaging clause, and was greatly disapproved of by Germany. The size and power of the German army was one of her greatest assets. By restricting her to an army of only 100,000 volunteers
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