...GEICO Policy Number: 4200-69-08-26 We agree with you as follows: Family Automobile Policy Amendment Multi-Risk Physical Damage Coverage New York Definitions SECTION III PHYSICAL DAMAGE COVERAGES For the purpose of this amendment, the following special definitions apply with respect to mechanical breakdown only: Section III is amended to provide Multi-Risk Physical Damage Coverages. This includes: 4. "Loss" means physical damage due only to mechanical breakdown caused other than by 1. 2. 3. comprehensive; collision; and mechanical breakdown protection. 6. This amendment is subject to all policy conditions and definitions except as specifically modified below. "Owned auto" means any vehicle described in this policy for which a specific premium charge indicates there is coverage. "Owned auto" does not mean: Collision or Comprehensive loss as defined in the Policy. Mechanical Breakdown a) a newly acquired vehicle; or b) a replacement vehicle; or We will pay for loss caused other than by collision or under the comprehensive coverage due to the mechanical breakdown of the owned auto. A $250 deductible shall apply to each loss due to a mechanical breakdown, except for vehicles still covered under the manufacturer's basic factory warranty, where the deductible shall be $100. Losses from mechanical breakdown shall not be accumulated to reach the deductible. 10. c) a temporary substitute auto. "Mechanical breakdown" means the failure of any original or replacement...
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...A Unified Theory of Software Testing This paper presents a theory, or model, for analyzing and understanding software test techniques. It starts by developing a theory for describing analytical test techniques, such as equivalence classes, pair-wise coverage and state modeling. It then develops the theory to cover other, more heuristic test techniques. This theory states that all testing techniques are composed of a modeling schemata, one or more coverage objectives, a dispersal strategy and a theory of error. All testing techniques address a fundamental problem of testing: vastly more tests are conceivable than you could possibly run. Each technique therefore consists of a method for modeling the software in a way that allows a coverage measure to be specified and achieved and a dispersal strategy that allows this to done efficiently. Testing theory has traditionally focused on the issue of coverage and the different ways to think of it (Kaner, 101 methods for code coverage). The obverse concept is dispersal, or a method for identifying and reducing tests that are "redundant". Take, for example, the pair-wise coverage technique. This technique is often applicable when the interaction of several independent inputs or configuration parameters create more combinations than is practical to test. Suppose you have an application that supports each of the following components: DATABASE Oracle DB2 SQLServer WEB SERVER IIS Apache Netscape APP SERVER WebSphere ...
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...Sales Presentations | Instructions: For each of the 10 Sales Presentation Apply It! activities in this worksheet: Complete your response for the Apply It! activity you are working on. Go to the corresponding activity section below. Follow the steps for that activity. Enter your answers in the space provided for that activity. Save the changes you make to this worksheet before submitting. Submit your saved worksheet to your facilitator. Return to the Apply It! activity in the course (or click the Submit Sales Presentation button) . Click the link that corresponds to the activity you completed. Follow the instructions on the Submit Sales Presentation page to upload and submit your saved worksheet. | Module 1 Lesson 2: identify allstate & agency value & benefits - (activity 1 of 10) | Steps Locate and print the following documents from the Agency Process Library. (Hint: You will find these resources and more when you click the “The Sales Process – Care Sell Quote Close” link available in the “Acquisition” section.) The Allstate Competitive Advantage job aid The Six Questions Reference Sheet Discuss with your Agency Owner or Office Manager the values and benefits they would like you to promote about the agency and about Allstate. Document the top two values and benefits to promote about the agency and about Allstate. Submit your answers to your facilitator (see Instructions box above)...
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...utilized. Second, management needed to decide whether to invest excess funds in new or existing businesses, or to return them to the companies shareholders by paying higher cash dividends or repurchasing stock. To resolve the first issue, it is recommended that the Marriott corporation calculates several coverage ratios so that it can evaluate it's ability to cover the costs associated with varying levels of debt. There are three coverage ratios, corresponding to the costs associated with increased debt leverage, recommended by Higgins n his book. These ratios are times interest covered, times burden covered, and times common covered. To calculate these ratios EBIT is divided by a specific cost, or sum of costs, to determine how well profits are able to support them. Alternatively, “percentage EBIT can fall” could be calculated with regards to each type of cost, to determine the percentage amount that EBIT could decline from its expected level before the corresponding coverage ratio drops to 1.0. A coverage ratio of 1.0 is critical because any lower coverage indicates that operating income will be insufficient to cover the financial burden under consideration. While each ratio is associated with a specific burden imposed by debt, they all communicate this similar concept. While...
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...* This assignment is to compute and a write a summary (max. 250 words) interpreting selected liquidity ratios. 1. Companies Last name begins with the letters A through M: CVS N through Z: Eli Lilly You can work individually or in a group of not more than 2. If you work in a group, you must choose the members, and both must send the Academic Coach, Ms. Linda Anderson, a message stating so, AND the name of the member who would submit the assignment. THE SUBMISSION FROM THE DESIGNATED MEMBER ALONE WILL BE GRADED. If your last names fall in both categories (eg. Anderson and Surysekar), your message to Ms. Anderson should also include your choice of the company (CVS or Eli Lilly). If group work, both members will get the same score for this assignment. 2. Ratios to compute and interpret (only the following 4 liquidity ratios, defined in page 704 of the text): Current ratio Current cash debt coverage ratio Inventory turnover Accounts receivable turnover 3. Time period: Years 2009, 2010, 2011 4. Source: Company annual report CVS http://media.corporate-ir.net/media_files/IROL/99/99533/CVSCaremark2011_AR.pdf http://media.corporate-ir.net/media_files/irol/99/99533/2010_Annual_Report.pdf http://investors.cvscaremark.com/~/media/Files/C/CVS-IR/reports/cvs-ar-2009.pdf Eli Lilly http://files.shareholder.com/downloads/LLY/2732114219x0x548541/E8FFDA89-5EC1-4D08-AB37-CD85F4C0863D/English.PDF http://files.shareholder.com/down...
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...Financial Officer link under the Corporate Officers tab to access the financial statements. Compute the eight ratios—as shown in Chapter 11—for Patton-Fuller Hospital based on its unaudited financial statements and critique its operating results and financial position. | | |2008 |2009 | |Liquidity | |Unaudited |Unaudited |Audited | | |Current Ratio |Current Assets | | $128,867 + $23,807| | | | $130,028 + Current |Current Assets |= 5.3709833 or | | | |Liabilities $8,380 = |$128,867 + Current |5.371 (15 to 1) | | | |15.516229 or 15.516 (15|Liabilities $23,807| | | | |to 1) |= 5.4129877 or | | | | | |5.413 (5 to 1) | | | |Quick Ratio | Cash and Cash | Cash and Cash | $22,995 + $59,767| | ...
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...Financial Management Essay Benjamin Gray University of Maryland University College 7/31/16 Executive Summary The function of this essay is to examine why ratio and financial statement analysis are useful to any corporations. The ratio analysis is a useful tool for managers and investors that would like to evaluate the company’s financial health. By using this analysis companies are able to identify opportunities for growth and areas of weakness to determine where corporations can put in place corrective measures in order to rectify their areas of weakness. Financial statements are used in order to predict trends of cash flow within the business as well as predict the potential of a business and if they are capable of financial growth. Ratio analysis allows companies to analyze the future revenue of a company’s profit or a company’s loss. This paper will examine the benefits and limitations of ratio analysis, explain what factors impact the meaningfulness of such measures and what new practices or theories may be emerging regarding the application of ratio and financial statement. The paper concludes that ratio and financial statements is an essential tool used in analyzing a company’s profit. Close your eyes and think about all of the products you have consumed today. You purchased lunch from McDonald’s, used Google to help you find directions, drove your Toyota to work and grabbed...
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...18052.41 | 23949.19 | 29480.13 | Growth | 29.46% | 32.01% | 34.08% | 22.73% | Total business mix (deposits+advances) | 32946.85 | 42774.26 | 56060.78 | 68133.11 | Growth | 22.57% | 22.98% | 23.70% | 17.71% | CASA ratio(CASA/Total deposits) | 18.24% | 23.28% | 19.16% | 20.93% | Shareholders’ equity | 54.43 | 76.21 | 228.47 | 107.18 | TOTAL ASSETS | 21993.42 | 28224.83 | 37634.89 | 46733.34 | Karnataka bank Parameter | 03/9 | 03/10 | 03/11 | 03/12 | Deposits | 20333.28 | 23730.65 | 27336.45 | 28956.7 | Growth/change(YOY) | 32.21% | 24.5% | 21% | 23.33% | Advances | 11810.04 | 14435.68 | 17348.07 | 18769.11 | Growth | 28.9% | 33.3% | 34.1% | 35.2% | Total business mix (deposits+advances) | 32143.33 | 38166.33 | 44684.52 | 47725.81 | Growth | 21.2% | 21.12% | 22.31% | 23.32 | CASA ratio(CASA/Total deposits) | 23% | 25% | 24% | 26.33% | Shareholders’ equity | 1215847 | 1368045 | 1290857 | 132.09 | TOTAL ASSETS | 22857.80 | 27035.15 | 31693.00 | 33989.12 | Analysis: On observing the key parameters for both the banks we have come to the conclusion that the Karur Vyasya bank is much more equipped to handle risk, it’s high amount of advances given is a clear indication that it has more amount of liquidity. The high rate of CASA ratio...
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...A Report on Ratio Analysis of BRAC Bank 1.0 Introduction 1.1 Origin of the Report To be an efficient business executive, a student of business study must have practical knowledge about the financial activities of any business organization. Financial Management (FIN 301) course is giving the theoretical knowledge of financial management activities but only theoretical knowledge cannot make students efficient. Ms. Nasreen Sultana, course instructor for this course gave an assignment on 28 November, to write a business report on ratio analysis of BRAC bank as a part of the study of this course. 1.2 Purpose of the Report Purpose of the report is to know financial performance of BRAC bank. This report will help to gather knowledge about financial performance of the bank and the improvement and decline in performance compared to the previous year. 1.3 Scope of the Report This report has been prepared only covering financial area of the bank with giving emphasize on ratio analysis taking data from annual report of the bank. 1.4 Methodology: For preparing this report, information has been mainly collected from the annual report of the BRAC bank and the bank's website. The various ratio analysis are used in the report, which were collected from the annual reports, and financial statements and the ratios that are not found in the annual report directly are calculated from the information provided in the annual reports. Ten ratios have been selected to judge the various...
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...Mr. Scott Byron Freeman Compensation & Benefits Management, BUS4343 Holland Enterprises Benefit & Compensation Analysis Instructor: Jason Sheedy Tuesday April 11, 2011 Holland Enterprises Benefit & Compensation Analysis The purpose of this analysis is to review the current status of Holland Enterprises benefits program including the current philosophy, pay structure, base pay incentive, external versus internal equity, and principle benefits. Recognizing the current employee loss rate and understanding the results of the exit interviews; this analysis will give answer to why employees are leaving. This plan will also create a process that will sustain employment levels while creating a positive employee growth rate. The reasons and development process created for Holland Enterprises will attract and hold the type of employee that will allow them to be successful in the future. Current Status of Holland Enterprises Holland Enterprises is a company that currently employs 3,500 employees. Although this is a high number it needs to be understood that the company has actually lost 25% of the staff since 2007. At that time the personnel count was approximately 4,667 employees. When workers ended their time of service with the company exit interviews were held. The top reason given for leaving the establishment for other options was that the compensation and benefits offered by the Holland Enterprises were not competitive with other companies recruiting like-minded...
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...in the country. It was accredited before and needs not to be accredited once every ten years. The deciding association which does the accreditation is AADSB (American Association of departments and schools of Biology). The process consists of submitting documents by the University and an in-department visit by the panel of Biology deans. The most important deciding factor for accreditation is the ratio of full-time faculty to part-time faculty. The dean of the Maluvius University plays an important role in University matters and therefore would have a great influence over the accreditation of the Biology department. Having the knowledge of the fact that there are more adjuncts teaching than AADSB (American Association of departments and schools of Biology) would like to see at the University, the dean is “hiding or divulging information” i.e. failing to disclose the fact that the ratio of full-time to part-time faculty is more than AADSB (American Association of departments and schools of Biology) would expect. This would lead to questions as to why the dean didn’t fix the ratio beforehand the AADSB (American...
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...Case Study: Lawsons COMM 1007 Caleb Apperson Student number: 0311103 Wednesday, January-29-14 Executive Summary Every company is going to face its hardships from time to time the ability to handle the problems learn from them and grow is the difference between companies who become successful and the ones who go bankrupt. There are different ways to asses a company’s value, future plan. Investors look at certain ratios to determine the risk associated with investing their money in hopes of a return. This situation is from the banks perspective. Paul MacKay has put in a request for obtain a loan of $194 000 along with a $26 000 line of credit to help him in the months of low cash. The person in charge of making this decision is Jackie Patrick a newly appointed loan officer for the commerce bank. This decision is an interesting one because it is not a simply yes or no; many different areas come into factor. Lawsons future is on the line, who is a big business partner with Forsyth. Jackie will be judge on her decision by peers, coworkers, and the community. Mr. Mackay is a well-respected individual in the community with a good reputation. Jackie needs to determine if the loan is too large of a risk for bank or if there is opportunity to have a successful future. She has a couple different options, allow the request, deny the request, and allow the request on certain conditions/requirements. Give alternate offer. She will determine this by looking at profitability, liquidity...
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...The SURVIVAL RATE OF GRADUATING BSMT STUDENTS IN NAMEI In Partial fulfillment of the subject RESEARCH Of Bachelor of Science in Marine Transportation Researchers March 2014 DEDICATION PAGE THIS THESIS IS DEDICATED TO: GOD! Our Families and Relatives Our Friends And also Ourselves ACKNOWLEDGEMENT TO OUR PARENTS Who understood and supported our ideas and choices, may they never stop on supporting us. We also thank them for the encouragement that they give us. The familial advices that we should never forget along the way to adulthood TO OUR BROTHERS To those of us that have brothers and or sisters, we greatly thank them for any probable help and any assistance. For those plenty times that they have spent with us and how they kept us awake when we did the research. TO OUR SUPPORTIVE RESEARCH ADVISER; Mr. RAZA On the behalf of us researchers we would like to commemorate this thesis as a gift and proving article as a testimony on how much of a great instructor to us, we would like to extend our thanks to you by getting high grades. TO OUR FRIENDS We would not be here without our beloved friends whom accompanied us on trying times and of good times, without them, everyday life would be boring and dull. We thank them for giving our lives a happy one, our memories of you will never dwindle. TO THE MARITIME/GENERAL INSTRUCTORS THAT WE ADMIRE Furthermore...
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...University of Greenwich Strategic Financial Management (FINA1035) Programme: UOG (3+0) BAAF Student ID: 000721005 Submission Date: 10th February 2014 Content Page 1. Introduction 3 Internal Analysis 2. Financial Analysis 4 3. Human Resource Management(HRM) Analysis 7 4. Marketing Analysis 8 5. Operational Analysis 10 6. Strength and Weakness of the Company 11 External Analysis 7. P.E.S.T.E.L. Analysis 12 8. Porter’s 5 forces 14 9. Critical Success Factors 16 10. Marketing Analysis 16 11. Opportunities 17 12. Threats 17 Current Strategies 13. Strategic Position 18 14. Proposed Strategies 18 15. Selection of winning Strategy: Feasibility 19 16. Description and Risk Assessment 20 References 21 Appendices 23 1. Introduction. Note: “All work within this report is taken from the case study unless referenced otherwise”. McDonald’s started as BBQ restaurant by (“mac and dick”) which also known as Maurice and Richard. The concept of the McDonald’s at that time was a typical drive in restaurant that offers variety of BBQ menu to choose from. The brothers realised that it is important for them to highlight the menu that get the intention the most. Mac and Dick eliminated McDonald’s carhops’ concept to make McDonald’s as a self- service operation. They also narrowed down the menu...
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...(max. 250 words) interpreting selected liquidity ratios. 1. Companies Last name begins with the letters o A through M: CVS o N through Z: Eli Lilly You can work individually or in a group of not more than 3. If you work in a group, one group member must send the Academic Coach, Ms. Linda Anderson, a message stating who is in the group, AND the name of the member who would submit the assignment. THE SUBMISSION FROM THE DESIGNATED MEMBER ALONE WILL BE GRADED. If your last names fall in both categories (eg. Anderson and Surysekar), your message to Ms. Anderson should also include your choice of the company (CVS or Eli Lilly). If group work, both members will get the same score for this assignment. 2. Ratios to compute and interpret (only the following 4 liquidity ratios, defined in page 704 of the text): Current ratio Current cash debt coverage ratio Inventory turnover Accounts receivable turnover 3. Time period: Years 2009, 2010, 2011 4. Source: Company Annual Report CVS o o o Reinventing Pharmacy for Better Health CVS Annual Report Pharmacy Innovation In a Changing Health Care Environment Eli Lilly o o o 2009 Annual Report 2011 Annual Report Getting There: The Lilly Promise 5. Requirements: a. Required ratios in the following table: Your name: ________________ Company name: CVS or Eli Lilly RATIO CURRENT RATIO CURRENT CASH DEBT COVERAGE RATIO INVENTORY TURNOVER ACCOUNTS RECEIVABLE TURNOVER ...
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