...SureCut Shears, Inc. ___________________________________________________________ Executive Summary The case is about estimating fund requirements for short term sources of finance. In June 1995, Mr. Fisher, treasurer of SureCut Shears arranged a line of credit of $3.5 million with the Hudson National Bank to cover the seasonal sales peak. After going with the analysis, much of these funds were used to fund the capital modernication program. Facing the declining sales, SureCut is facing difficulty in paying its short term loan obligations to Hudson National Bank. After thorough analysis, the need for short term fund requirements should not be used in capital expenses since the cash needed to repay the short term fund requirements comes from the sales of inventory which was the intention of the additional cash to stock up more inventory. Proper utilization of funds is a must for SureCut to be able to manage its payables to its business partners. Case Context SureCut Shears, Inc. manufactures a complete line of household scissors and industrial shears. Their products are distributed through wholesalers to specialty, hardware and department stores around the country. In June 1995, Mr. Fisher, treasurer of SureCut Shears arranged a line of credit of $3.5 million with the Hudson National Bank to cover requirements for the fall anticipating that the loan would be fully paid off by December of the same year. In September 2005, Mr. Fisher called Mr. Stewart of Hudson...
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...decrease in line with sales. From another hand, Sure Cut didn't decreased the production of shears when their sales were decreasing (Exhibit 2), therefore they started building inventory, decreasing their cash flow from operations, increasing their working capital. Also, the accounts receivables didn't decreased in line with sales, in the contrary in December and January they were bigger than forecasted (Exhibit 3). Again, this increased Sure Cuts working capital. Finally, in September Sure Cuts asked for $500,000 in September, mainly due to non-forecasted higher expenditures for the plant modernization. In summary, Sure Cut was unable to repay its bank loan due to the decreased in sales (and gross profit) and the increase in working capital (due to high A/R and inventory) Has Sure Cut's financial condition worsened sufficiently to cause Mr. Stewart any great concern? Even though sales have been decreasing, Sure Cuts has enough assets (the collaterals exceeds by far the bank loan) to pay the loan in case of a default; therefore the bank shouldn't have a big fear of not being paid. If we see the biggest picture, we see a company that has had profits for 40 years, and it is projecting to have profits this year as well (Exhibit 4). It is true that Sure Cuts financial condition are worst than expected, but they are not as bad to have any great concern. Nevertheless, it is important to improve the cash management. This mean that Sure Cut should decreased their inventories (producing...
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...Корпорация Sure Cut Shears, Inc 28-го апреля 2006 года Майкл Стюарт, глава кредитного бюро Гудзонского Национального банка в Нью-Йорке, просматривал кредитное досье корпорации Sure Cut Shears,Inc готовясь к деловому обеду с президентом и вице-президентом по финансам этой компании. Дэвид Фишер, вице-президент по финансам компании SureCut Shears, Inc недавно поставил его в известность о том, что компания не сможет своевременно погасить свой просроченный заем, как ожидалось прежде. Размышляя, стоит ли еще раз продлить неуплаченный заем в 1,2 миллиона долларов (см. приложение 4), мистер Стюарт решил заглянуть в офис компании, когда будет поблизости от Саванны, штат Джорджия, где были расположено главное здание SureCut Shears Inc и обсудить с руководством в состояние дел компании,. SureCut Shears изготовляла миниатюрные домашние и большие промышленные ножницы. Ее качественная продукция распространялась через систему оптовой торговли по специализированным магазинам, парикмахерским и супермаркетам, расположенным по всей стране. Дешевые продукты продавались напрямую в сети универсальных магазинов. Несмотря на жестокую конкуренцию, SureCut Shears Inc получала прибыль, начиная с 1988 года. Объемы продаж и прибыль ежегодно росли. Гудзонский Национальный Банк обслуживал корпорацию SureCut Shears с начала 2005 года. После нескольких безуспешных звонков, мистер Стюарт в конце концов убедил членов правления SureCut Shears, что сотрудничество с таким...
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...training ones near the edge6. The teacher will fill in around the planted herbs7. The teacher will add more if necessary 8. The teacher will top the herbs9. The teacher will put fertilizer to the herb10. the teacher will watering the plants | * A variety of herbs as listed above * A large pot; terracotta or ceramic are good choices * Gravel * Compost * Controlled release fertiliser * A watering can | ACTIVITY | TASK ANALYSIS | MATERIALS | Cutting grass | 1. The teacher will put on the proper protective clothing and or equipment.2. The teacher will check the level of the oil and gas in the lawn mower and fill accordingly. 3. The teacher will pull all weeds4. The teacher will start the mower5. The teacher will cut the grass6. The teacher will cut in opposing lines7. The teacher will mow in different directions to prevent graining8. the teacher will check the grass collector from time to time and if full, empty on suitable compost heap or garden dump9. The teacher will turn off the engine10. The teacher will place the mower back where it stored | * Grass cutting tools * Trimmer * Petrol brush cutter | ACTIVITY | TASK ANALYSIS | MATERIALS | Landscaping | 1. The teacher will draw a plan of yard2. The teacher will use gridded paper to help keep everything drawn to scale3. The teacher will call a local utility company and have them come out to show you where any ground power lines or water lines are4. The teacher will take overhead power lines into account5...
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...The Silky Terrier Records and Regulatory Issues Mr. Taylor Mod 9 (9/8/14) ABSTRACT In the pet/companion and show dog world, it is very important to groom your dog, especially the Silky Terrier. Often mistaken for a Yorkie, this particular toy breed is famously known for its long, shiny silky coat and friendly disposition. Grooming can be a great way of bonding with your pet, show off its silky, luxurious, hair in dog shows or to give him or her more visual spunk. Many tools and techniques are used to make a silky terrier look its very best for show: Clippers, shears, brushes, combs, detangling conditioners, professional shampoos, blow driers and other grooming tools are used for basic and show grooming. The Silky Terrier should be bathed once a week to once every 12 weeks; it’s a low maintenance dog and can have a fondness for grooming if started at a young age. Basic grooming should include bathing, brushing, and combing of their coat on a regular basis. Some of the many endearing qualities include a single coat that does not molt and distinct lack of “doggy” odor, therefore making them ideal for people who have allergies. History of the Breed The Silky Terrier originated in Australia in the 1890s, when breeders crossed imported Yorkshire Terriers with their native Australian Terriers. Some of the offspring looked like Yorkies, some looked like Australian Terriers, and others looked like the Silky of today, with a size and coat length that was between the two parent...
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...1. Discuss the relevance of the pore pressure ratio in the context of Bishop’s method of slope stability analysis. Include in your discussion practical ways of obtaining values of the pore pressure ratio. ANS: According to Bishopslope stability problems which includes reduction in pore water pressure , the loss in shear strength can be categorised into two types: (i). Pore pressure is an independent variable. The total stress acting in the soil doesnot af-fect the pore pressure in this class. In this cse, the pore pressure is governed by the water level or ground water flow pattern or seepage. The long term stability problems, slopes of sand or gravel which are subjected to rpid drawdown of water comes in this class ii. Pore pressure is a...
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...tornado was coming, or how to react and prepare. This left the people with not enough time to prepare themselves and their homes. If they had the technology like radars to detect the tornado and tv’s to warn the community better. They would have enough time to prevent many deaths and homes could have been prevented from being destroyed.“In the aftermath of the tornado, 695 people were dead and more than 2,000 were injured; 15,000 homes had been destroyed” During this event the winds reached up to 300 mph. But the average wind speed was about 62 mph, which was another record set by the Tri-State Tornado. “ The U.S. government learned a great amount of lessons on March 18, 1925. The accounts of survivors and old photographs of the damage path cut by the tornado emphasize the real horror of that day to the unsuspecting public.” There are many effects of tornadoes however the deadliest effect was 219 miles was torn through by the tornado. The tornado had the most deaths in the US. There are many different ways to prevent tornados like go to your basement and stand in the center away from all windows. There is also many different causes of tornados like they occur from supercells which are rotating thunderstorms. Tornados occur from supercells which can also be called a mesocyclone. Supercells/mesocyclone are formed from rotating thunderstorms with a well defined radar circulation. They can produce damaging hail (1 inch in diameter or larger), severe winds, lightning and can cause flash...
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...Sheep Management Plan for Roseworthy Lamb Enterprise Created 2010 Source: Orrie Cowie Merio and Poll Merino Stud (2010) Project goals: * Mate Merino ewes with Poll Dorset rams to produce 900 --24kg export lamb carcass * Maximise profit on wool and lamb export carcass * Aim to produce at least 900 Merino x Poll Dorset lambs for export Key performance Indicators from Roseworthy feed demand calculator (2010) * Liveweight produced , sheep =140 tonnes * Liveweight produced per hectare allocated to sheep =281 kg/ hectare/ year * Pasture demand as % of pasture growth =55% * Pasture deficit, using freshly grown supply= 1000 tonnes / year * Pasture deficit, using supply with carryover = 353 tonnes / year Scope of Plan * Part 1: Manage pasture growth at Roseworthy * Part 2 : Manage reproduction of Merino ewes with Poll Dorset rams * Part 3: Lamb finishing strategy * Part 4: Manage wool quality of Merino ewes Abbreviations Merino ewe: ME Poll Doset ram:PDR Merino X Poll Dorset lamb: MxPDL Prediction calculations : * 900 Merino ewe (each around 50-60kg; average 55 kg liveweight)=55x900=49500 kg * 900 Poll Dorset ram (each around 60-70kg; average 65kg liveweight )=65x900=58500 kg * Predicted at least 900 lambs produced , each will be slaughtered at 21 weeks of age at 50kg= 900x50= 45000kg * Hectare of land needed per year : = 545 hectare of land /year Part 1. Management of pasture growth at Roseworthy Pasture management is important...
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...Engine Fastener Safety Michael Adams Embry Riddle Aeronautical University As everyone in the Aviation industry knows safety is paramount to all aspects of flight operations.one aspect that gets overlooked by most people is how exactly the little bits and pieces create an aircraft that can operate safely. The importance of aircraft hardware is often overlooked because of the small size of most items. However, the safe and efficient operation of any aircraft depends upon the correct selection and use of aircraft hardware. One of the most overlooked aspects of aviation safety is the fastener and more specifically the engine fasteners. Anyone who has been around aircraft engines know that they are a unique engineering marvel and are capable of some pretty spectacular feats, but to accomplish this the engines have to produce tremendous amounts of stress and heat. To put it in perspective it is not uncommon for an aircraft engine to produce 30,000 lbs.’ of thrust with temperatures at the exhaust ports exceeding 2000° F. To hold these engines and power plants together we depend upon various types of fasteners which leads to the question how do these small bits of hardware survive under the extreme amount of heat and stress that an engine produces? In our course we learned that there are 4 methods of controlling safety with the hierarchy being engineering, administrative, PPE and interim fixes. Engine fasteners have their safety controls engineered into them and validated with extensive...
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...Nosocomial Wounds Phillip Cook American Sentinel University Hospital acquired wounds or nosocomial wounds have been a problem to the health systems across America for some time. They can be caused by several factors such as pressure, friction, or shear. In 2008, The Centers for Medicaid and Medicare (CMS) began withholding payment for hospital acquired conditions such as pressure ulcers ("Centers for Medicare," 2012). Hospitals have placed a priority on identifying those patients that are high risk for nosocomial wounds as well as protocols for preventing the wounds. Background of the Project Nosocomial wounds are a possibility for any patient that is admitted to the hospital. Patients are admitted to hospitals in various physical conditions and nosocomial wounds are caused by several factors. According to the Mayo Clinic (Mayo Clinic staff, 2011), nosocomial wounds are a result of pressure on the skin that inhibits the blood flow to skin and underlying tissues. This may come as a result of different problems such as: 1. Sustained pressure from the skim being trapped between a boney prominence and a surface such as a wheelchair or a bed. 2. Friction from moist skin being pulled across a surface 3. Shear from two surfaces moving in the opposite direction such as the bed and the patient. This movement damages the tissue making it more vulnerable to sustained pressure. Add to this the compromised nutritional status of the patients and developing a nosocomial...
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...Q.1 Past site investigation reports are often very useful and can often save time and money in site investigations. The Geotechnical Information Unit of the Geotechnical Engineering Office(GEO) contains numerous records of boreholes from throughout the Territory, as will as useful records of landslides, rainfall and piezometric data, and laboratory test results on soil and rock samples. Relevant data can be readily accessed by geographical location of the site. Past construction records for both the site and for adjacent properties are useful for site investigation. Several government departments posses valuable information for the planning and execution of the site investigation. They are the Civil Engineering Department, Building Ordinance Office, Highways Department, Water Supplies Department, Drainage Services Department, and Architectural Services Department. Non-government agencies such as Mass Trainsit Railway Corporation and other utility companies can also provide valuable information on past construction records. Services records are also an essential part of the desk study, necessary to locate hidden services such as electricity cables, sewers and telephone wires. This in formation is usually provided free of charge by the relevant service provider. A suggested list of sources is: Water Supplies Department, Drainage Services Department, Mass Trainsit Railway Corporation, The Hong Kong Electric Company, Hong Kong & China Gas Company, all telecom company etc… Aerial photographs...
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...Bohemian hairstyle is to have thick texture and kinky hair. Bohemian Waves looks like you braided damp hair, let it air dry and then unravel it for perfection. Many hairstyles have a lot of up do’s and ponytail hairstyles. The tucked-in ponytail is good for the gym. Slick back the roots using wet-look gel and hide any bumps by looping a long strand round the pony pinning into place. There is a twist on the traditional pony. Wear it pinned all the way down, tying elastics at each section. Get a nice twisted with a random swirly up-do. Grab sections at any surface of the hair and twist into place sure it’s secure with bobby pins. The perfect hair trend for dramatic makeup fans is a swept-back parting-free up-do. Take a loose up-do from messy to elegant with a pretty hair accessory. Leave strands loose from the parted ponytail to frame one's face. There are different ways to style and cut hair. To get immaculate curls one should spray heat tamer spray throughout the hair while it is still damp. Turn one’s head upside down and run fingers through the hair while one blow dries hair to get a loose curl look. The modern bob look is a very popular style. To achieve the modern bob look, one would need to apply twenty-four hour body blow dry lotion. Then, add Hydrating Serum to the hair to leave it silky. Use a large brush to brush the hair out into the style you like. The wave look is a casual out to the park look that is very easy. To get this look one need to put body blow dry lotion...
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...3 A Voice for the Voiceless Over the last century, millions of people have been able to live longer, healthier lives thanks to the medicines and surgical techniques that were tested on chimpanzees — one of humankind’s closest relatives. Other chimps have helped us make major technological steps, by testing everything from submarines to spacecrafts to make sure that they are safe for human use. So, do we owe them our lives? I find myself forming a total agreement with Jane Goodall. Man was put on Earth to rule, but with wisdom and care, not with greediness and egoism like now. We have used our position on this once beautiful planet to destroy nature and kill animals for personal profit. Chimpanzees do not deserve to live in tiny cages and drive themselves mad. Locked up like criminals, rocking from side to side. I’m chocked how they’re treated by mankind. Factory farming is an unacceptable way of treating farm animals. Factory farming began in the 1920s soon after the discovery of vitamins A and D. When these vitamins are added to feed, animals no longer have to exercise and don’t need sunlight for growth. This allowed large numbers of animals to be raised indoors all year around. The greatest problem that was faced in raising these animals indoors was the spread of disease, which was combated with antibiotics. Unfortunately, this trend of mass production has resulted in incredible pain and suffering for the animals. Animals today raised on factory farms have had their genes...
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...He didn’t keep his promises and only traded with friends. He made the conditions worse for the Congolese. They were forced to collect rubber and ivory. If the didn’t they would get tortured or cut off from their families. The death toll form Leopold’s rule is 2-15 million people. From 1908 to 1960, Congo was taken over by the Belgian government and renamed the Belgian Congo. The Belgian government built schools, hospitals, railways, ports, roads, and mines in Congo. In 1960, The Congolese gained control of their own. When they gained power the Prime Minister and President struggled for power. In 1965, Mobutu took advantage of the situation and named himself president. The US supported him so, that communism wouldn’t spread. Mobutu became a dictator and oppressed the people. He renamed the country Zaire. In 1997, Mobutu lost control. Congo was renamed again to the Democratic Republic of the Congo. In the !990’s there was war going on...
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...Baking Terms Allumette: Any of various puff pastry items made in thin sticks or strips (French word for "matchstick"). Almond Paste; A mixture of finely ground almonds and sugar. Angel Food Cake: A type of cake made of meringue (egg whites and sugar) and flour. Angel Food Method: A cake mixing method involving folding a mixture of flour and sugar into a meringue. Baba: A type of yeast bread or cake that is soaked in syrup. Babka: A type of sweet yeast bread or coffee cake. Baked Alaska: A dessert consisting of ice cream on a sponge-cake base, covered with meringue and browned in the oven. Baking Ammonia: A leavening ingredient that releases ammonia gas and carbon dioxide. Baklava: A Greek or Middle Eastern dessert made of nuts and phyllo dough and soaked with syrup. Batter: A semiliquid mixture containing flour or other starch, used for the production of such products as cakes and breads and for coating products to be deep-fried. Bavarian Cream: A light, cold dessert made of gelatin, whipped cream, and custard sauce or fruit. Beignet Soufflé (ben yay soo flay): A type of fritter made with éclair paste, which puffs up greatly when fried. Blanc Mange (bla mahnge): (1) An English pudding made of milk, sugar, and cornstarch. (2) A French dessert made of milk, cream, almonds, and gelatin. Bloom: A whitish coating on chocolate, caused by separated cocoa butter. Blown Sugar: Pulled sugar that is made into thin-walled, hollow shapes by being blown up like a balloon. Bombe:...
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