...The Lazy Mower: Is It Really Worth It Solution to Case 03 Cash Flow Analysis Questions: 1. Prepare a Pro Forma Statement showing the annual cash flows resulting from the Lazy Mower project. (See table on next page) | |0 |1 | |Base | $ 46,162,736.36 |60.806% | |Pessimistic | $ 36,143,876.79 |51.733% | |Optimistic | $ 60,917,016.49 |74.153% | 3. Realizing that the CIC will demand some kind of sensitivity analyses, how should Dave and Rick prepare their report? Which variables or inputs are obvious ones that need to be analyzed using multiple values? Explain by performing suitable calculations. The variables that are vulnerable to economic and market factors such as competition, inflation, and recession are selling price per unit and variable cost per unit. To some extent fixed costs can be sensitive as well. Price per unit has been adjusted over the years to allow for downward trends due to competitive pressure. However, cost sensitivity needs to be analyzed. Variable cost per unit can be increased by 10% up to 30% and the impact on cash flows and Net Present Value and IRR can be analyzed. 4. How should the interest expenses be treated? Explain. The interest expense should not be deducted when calculating the annual cash flows. Interest is a financing expense and is included in the discount rate (cost of capital) used to calculate the NPV. If we deduct interest expenses we will be double counting. 5. Using the base case estimates calculate...
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...ISOM 351:Operations Management, Spring 2012 PROFESSOR: Dr. Nazim U. Ahmed OFFICE: WB 2l9 OFFICE PHONE: 285-5302 OFFICE HOURS: MW 10:00 – 12:00 A.M. TTH 8:30 – 9:30 AM. E-mail: nahmed@bsu.edu TEXTBOOK: Operations Management: Process and Supply Chains, 9th ed.,Lee J. Krajewski and Larry P. Ritzman and Malhotra, Prentice Hall Publishing Inc. COURSE OBJECTIVES: Understand and apply Operations Management Concepts to Business Problems Using Operations Management Tools Students will be able to apply current and advanced operations management tools for analyzing business problems in both manufacturing and service organizations. Sub goals: 1. Understand operations management concepts such as; product design, process design, operation strategy, supply chain and total quality management. 2. Demonstrate the skills required to solve business problems using operations management tools. COURSE POLICIES: READING PROGRAM: For each class, you should read the chapters to be covered next day. This will facilitate your understanding of the concepts. Students are encouraged to initiate and participate in the discussions on issues related to the course. CLASS ATTENDANCE: Class meetings are like business appointments and should be treated as such. A portion of grade will be assigned for class attendance. A tentative course outline will be provided but there...
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...Analysis Case 2- Bigger Isn't Always Better; Financial Ratio Analysis Case 3- Playing the Numbers Game!; DuPont Analysis Case 4-Growing Pains; Financial Forecasting Case 5- There’s More to Us Than Meets the Eye!; Financial Analysis and Forecasting Case 6- Lottery Winnings-Looks Can Be Deceptive; Time Value of Money Case 7- It’s Better Late Than Never!; Retirement Planning Case 8- Paying Off That Dream House; Loan Amortization Case 9- Wake Up and Smell the Coffee!; Time Value of Money Case 10- Corporate Bonds-They Are More Complex Than You Think; Bond Analysis and Valuation Case 11- How Low Can It Go?; Application of Stock Valuation Methods Case 12- What Are We Really Worth; Valuation of Common Stock Case 13- The Lazy Mower: Is It Really Worth It?; Estimating Cash Flow-New Project Analysis Case 14- If the Coat Fits, Wear it; Replacement Project Analysis Case 15- The Dilemma at Day-Pro; Comparison of Capital Budgeting Techniques Case 16- Too Hot to Handle; Capital Budgeting Case 17- Flirting with Risk; Risk and Return Case 18- I Wish I Had a Crystal Ball; Real Options and Capital Budgeting Case 19- Can One Size Fit All?; Determining the Cost of Capital Case 20- We Are Not All Alike; Divisional Costs of Capital Case 21- Where Do We Draw the Line?: Marginal Cost of Capital and Capital Budgeting Case 22- EVA ? Does It Really Work?; Economic Value Added (EVA) Case 23- It’s Better to Be Safe Than Sorry!; Evaluating Project Risk Case 24-...
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...The boy I am giving this speech on is not simply a friend. He's not even just a boy- he is a boy amongst men. He is a ninja amongst regular people. He is a ginger amongst...everyone else. He is... the ginga ninja. Caleb has impacted me by leading the front ensemble through work, fun, and breaking stuff. Caleb knew how to make lazy kids such as myself actually work. When I came to MOC as a freshman, I was a terrible percussionist. I couldn’t play timpani, piano, or mallet instruments, so I was placed on auxiliary, which basically meant I just played the cymbals. The front ensemble as a whole was awful, and we knew it. The pit was kind of a joke section to the rest of the band. We messed around a lot and didn’t get much done. The next year, Caleb took over as section leader. He helped push everyone in the pit to become better, which helped inspire me to work harder and learn to play mallet instruments. The all-male pit, nicknamed the FEGS, or Front Ensemble Guys, by Mr. Mangold, soared above and beyond what we thought we could achieve, mostly thanks to Caleb’s leadership....
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...Analysis and Recommendations The GreenMower survey that was conducted revealed many conclusions regarding the project and whether it is profitable and possible to move forward with the concept. Most of the people who took our survey were students which may have led our data to some invalid conclusions; however, this data is appropriate to work with for the moment. Students most likely live in dorms or apartments without grass lawns, therefore our results may be off in terms of the average household in the United States and around the world. Analysis: Nearly half of the people who took our survey answered that they do not have a grass lawn and if they do have a grass lawn, they have between 500-1000 square feet of grass; however, most people are unsure as to how much grass they have. Since lawn services are expensive, most people do not have a lawn service and targeting people who do and do not have a lawn service should be our main priority. The cost of the GreenMower would outweigh the cost of a lawn service in the long run, therefore benefitting those who do have a lawn service currently. With most people mowing their lawns 2-3 times a month, the purpose of the GreenMower is significant. Mowing your lawn can be both physically and time demanding, which means that purchasing the GreenMower is a practical solution for those who are too busy, elderly, or disabled. According to the data collected, our survey participants seem to think the idea of a hands-free lawnmower is...
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...hires him. From what I gather, the protagonist is a Japanese college student who enjoys the past more than the present. It seems like he dislikes many aspects of modernity; viewing the youth as lazy and immature. The protagonist appears to be obsessive compulsive over his determination of mowing lawns, however, lacks skills in other areas, such as his schoolwork and human interaction. The abrupt breakup with his long distance girlfriend leaves him disgruntled, for he is unsure if he had ever loved her at all, but nonetheless he is uncertain of how to deal with the turn of events. On the man’s last day of work, he mows a woman’s lawn, however, as he mentioned, the lawn was not in need of care for another two weeks. This demonstrates the customer’s desperation for company. The customer was a tall, broad, middle-aged woman with a very stern, unapproachable presence. After working on the woman’s lawn for about an hour, she invited him inside for lunch. When the young man was finished taking care of the lawn, the woman invited him inside again, showing him a young girl’s room. She asked him to look through the closet and drawers to get a feel for who the girl was without actually knowing her. “All I wanted, it came to me, was to mow a good lawn. To give it a once-over with the lawn mower, rake up the clippings, and then trim it nice and even with clippers—that’s all. And that, I can do. Because that’s the way I feel it ought to be done.” The visit makes him realize that a person...
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...educated on what they can do to help. We need to recycle aluminum because it saves natural resources, time, money, and energy. In one year, the United States produces 160 million tons of garbage, this is enough metal to build two million automobiles, enough wood to construct a million homes, enough paper to publish all the daily newspapers in the country, enough aluminum to rebuild the entire American fleet 71 times, and would fill 11 million garbage trucks. Landfills are quickly increasing in number and size. One of the advantages of recycling is that it helps keep extra waste out of our landfills and incinerators. The sum of existing landfills is increasing because of the lack of care to help the environment. People are lazy and they cannot understand the effects of not recycling. Landfills take up space and they waste the taxpayer's dollars. In an average adult's lifetime, he or she leaves behind 90,000 lbs. of trash for the next generation and approximately 3/5 could have been recycled. Almost everything in a trash bag can be reclaimed through recycling It is easy to recycle most household products and it will only take a little of your time. The average American family could 150 six...
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...The Values Americans Live By by L. Robert Kohls Most Americans would have a difficult time telling you, specifically, what the values are that Americans live by. They have never given the matter much thought. xxx Even if Americans had considered this question, they would probably, in the end, decide not to answer in terms of a definitive list of values. The reason for this decision is itself one very American value—their belief that every individual is so unique that the same list of values could never be applied to all, or even most, of their fellow citizens. Although Americans may think of themselves as being more varied and unpredictable than they actually are, it is significant that they think they are. Americans tend to think they have been only slightly influenced by family, church or schools. In the end, each believes, "I personally chose which values I want to live my own life by." Despite this self-evaluation, a foreign anthropologist could observe Americans and produce a list of common values that would fit most Americans. The list of typically American values would stand in sharp contrast to the values commonly held by the people of many other countries. We, the staff of the Washington International Center, have been introducing thousands of international visitors to life in the United States for more than a third of a century. This has caused us to try to look at Americans through the eyes of our visitors. We feel confident that the values listed here describe...
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...Establish and Manage Your Home Lawn The home lawn and turf areas surrounding churches, parks, and office buildings do more than just serve as pleasant green backdrops. The grass plants that make up the lawns serve as miniature air-conditioners and pollution-abatement centers. On a block of eight houses, the front lawns have the cooling effect of 70 tons of air-conditioning. The plants, in transpiring water to cool themselves, also cool the surrounding area. Roughly 50 percent of the heat striking a turf area is eliminated by transpiration. When the temperature of the sidewalk is 100 °F, the temperature of the adjacent turf remains near 75 °F. This cooling may last into the night, with studies showing a 13-degree cooling at 9 p.m. This air-conditioning is not free, however. An average 5,000-square-foot lawn transpires about 3,000 gallons of water on a hot summer day. If this water is not supplied by rain, it must be applied by some other means. Turfgrass also functions as a noise barrier. Studies at the Riverbank Acoustical Laboratory in Geneva, Illinois, found Kentucky bluegrass turf more sound-absorbent than a heavy carpet on a felt pad. One of the most significant byproducts of a living, green backdrop is its effect upon the atmosphere. A 250-square-foot lawn produces enough oxygen for a family of four. The average lawn traps significant amounts of carbon dioxide, peroxyacetyl nitrates, and ozone, as well as particulate matter. A most important effect is the prevention of soil...
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...( Word Converter - Unregistered ) http://www.word-pdf-converter.com Life is an ugly, awful place not to have a best friend. Halley and Scarlett have been best friends ever since they met. Halley has always been the quiet one; Scarlett braver and more outgoing. Halley has always turned to Scarlett when things get rough, and Scarlett has always known just what to do. It's the perfect setup. But everything changes at the beginning of their junior year. Scarlett's boyfriend is killed in a motorcycle accident; then she finds out that she is carrying his baby. For the first time ever, Scarlett really needs Halley. Now Halley has to learn how to be strong for Scarlett. It won't be easy, but Halley knows that she can't let Scarlett down. Because a true friend is a promise you keep forever. ( Word Converter - Unregistered ) http://www.word-pdf-converter.com ( Word Converter - Unregistered ) http://www.word-pdf-converter.com Best friends. "Scarlett?" I said, there in the dark, and as she turned to me I saw her face was streaked with tears. For a minute, I didn't know what to do. I thought again of that picture tucked in her mirror, of her and Michael just weeks ago, the water so bright and shiny behind them. And I thought of what she had done all the millions of times I'd cried to her, collapsing at even the slightest wounding of my heart or pride. So I reached over and pulled her to me, wrapping my arms around her, and held my best friend close, returning so many favors...
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...Foreword 11 How Keen Is Your Observation? 13 Does what you see register in your mind? Which light is on top of the traffic light? Is the number six on your watch dial, the Arabic #6 or is it the Roman #VI? Other observation questions. The importance of observation in memory. Habit Is Memory 20 There is no such thing as a poor memory, only a trained or untrained one. There is no limit to the capacity of the memory. Lucius Scipio was able to remember the names of all the people of Rome; Seneca could memorize and repeat two thousand words after hearing them once. Test Your Memory 24 If you can remember any one thing by association, you can do it with anything else. A series of tests for you to take now to indicate how limited your untrained memory is. Interest in Memory 32 The first step is to be interested in remembering names, faces, dates, figures, facts—anything, and that you have confidence in your ability to retrain them. Link Method of Memory 39 What the Link Method is. Use this method of associating ridiculous mental images with items you want to remember. Start to remember as you've never remembered before. Peg System of Memory 48 The Peg System helps you associate and remember numbers. You can learn to remember 52 items by number, in and out of order. Uses of the Peg and Link Systems 60 Start with remembering a Shopping List and Daily Errands. From this you will go on to more difficult feats. How to Train Your Observation 66 ...
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...2 of 56 Clear Thinking, Critical Thinking, and Clear Writing Students will learn to … 1. Determine acceptable and unacceptable degrees of vagueness in language 2. Understand and identify types of ambiguity 3. Identify the problems generality causes in language 4. Use definitions to increase precision and clarity and to influence attitudes 5. Understand the types of definitions 6. Acquire skills for writing an effective argumentative essay rom August 1987 until January 2007, Alan Greenspan was chairman of the Federal Reserve Board (“the Fed”). Because any remark he made about U.S. monetary policy could cause markets all over the world to fluctuate wildly, he developed a complicated way of speaking that came to be known as “Fedspeak.” Here’s an example: It is a tricky problem to find the particular calibration in timing that would be appropriate to 2/9/2016 12:17 PM 3 of 56 stem the acceleration in risk premiums created by falling incomes without prematurely aborting the decline in the inflation-generated risk premiums.* Greenspan has admitted that such remarks were not really intended to be understood. Asked to give an example by commenting on the weather, Greenspan replied, I would generally expect that today in Washington, D.C., the probability of changes in the weather is highly uncertain. But we are monitoring the data in such a manner that we will be able to update people on changes that are important.* Page 70 2/9/2016 12:17 PM This tells us nothing about the weather...
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...towards mastery in the practice of problem solving Assessments MODULE 4 Technology 1. You are the manager of 2 small stores with production functions q = K¼L¼ and a larger store with production function q = 2K¼L¼. You hire capital for $4, labour for $1. When you took over this role, your boss told you that Q = 24 was the profit maximizing output for this multi-plan firm: 24 = q1 + q2 + q3. Now, the price of labour rises to $4. Provide (i) Isoquant/Isocost diagrams, (ii) Total Cost and (iii) Marginal Cost diagrams. Illustrate the substitution effect (point a to b) and output effect (point b to c) on these diagrams. Explain why your firm uses less capital even when the price of labour increases. (September 2010) For the production function q = K2 + L2 (A) Demonstrate that the elasticity of substitution is negative. (B) Provide a labelled diagram showing the q = 100 isoquant (C) Briefly explain what a negative value means for σ 3. 4. A special production function is q = min( 80K, 4L1 + 2L2). Discuss the production process described by this function. Is this production function constant returns to scale? Five-year-old Jack has set up a hot chocolate stand outside his home. His customers like hot chocolate made in only one way, one unit of chocolate and 3 units of milk to go into each unit of hot chocolate. Jack’s mother, Naomi, provides him with heat, cups and cleaning free of charge. However, she charges him $0.25 for each unit of chocolate and $0.50 for each unit of milk. What...
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...UNIT I INTRODUCTION ------------------------------------------------- Understanding Brand - What is a Brand? Brands are different from products in a way that brands are “what the consumers buy”, while products are “what concern/companies make”. Brand is an accumulation of emotional and functional associations. Brand is a promise that the product will perform as per customer’s expectations. It shapes customer’s expectations about the product. Brands usually have a trademark which protects them from use by others. A brand gives particular information about the organization, good or service, differentiating it from others in marketplace. Brand carries an assurance about the characteristics that make the product or service unique. A strong brand is a means of making people aware of what the company represents and what its offerings are.To a consumer, brand means and signifies: * Source of product * Delegating responsibility to the manufacturer of product * Lower risk * Less search cost * Quality symbol * Deal or pact with the product manufacturer * Symbolic device | | Brands simplify consumers purchase decision. Over a period of time, consumers discover the brands which satisfy their need. If the consumers recognize a particular brand and have knowledge about it, they make quick purchase decision and save lot of time. Also, they save search costs for product. Consumers remain committed and loyal to a brand as long as they believe...
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...WHAT IS SIX SIGMA? PETE PANDE LARRY HOLPP McGraw-Hill New York Chicago San Francisco Lisbon London Madrid Mexico City Milan New Delhi San Juan Seoul Singapore Sydney Toronto McGraw-Hill abc Copyright © 2002 by The McGraw-Hill Companies,Inc. All rights reserved. Manufactured in the United States of America. Except as permitted under the United States Copyright Act of 1976, no part of this publication may be reproduced or distributed in any form or by any means, or stored in a database or retrieval system, without the prior written permission of the publisher. X-XX-XXXXX-X The material in this eBook also appears in the print version of this title: 0-07-138185-6. All trademarks are trademarks of their respective owners. Rather than put a trademark symbol after every occurrence of a trademarked name, we use names in an editorial fashion only, and to the benefit of the trademark owner, with no intention of infringement of the trademark. Where such designations appear in this book, they have been printed with initial caps. McGraw-Hill eBooks are available at special quantity discounts to use as premiums and sales promotions, or for use in corporate training programs. For more information, please contact George Hoare, Special Sales, at george_hoare@mcgraw-hill.com or (212) 904-4069. TERMS OF USE This is a copyrighted work and The McGraw-Hill Companies, Inc. (“McGraw-Hill”) and its licensors reserve all rights in and to the work. Use of this work is subject to these...
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