Clarkson Lumber Company Pro Forma Statement Essay Example for Free

Clarkson Lumber Company Pro Forma Statement Essay Assumptions. We build pro-forma statement mostly based on the assumptions given in the case. Other assumptions are following. At first, we assume that the tax rate is an average of tax rates for the past three years which is 20. 1%. We use this tax rate to calculate the provision for income taxes for following years. Next assumption is that we take Mr. Dadges approximation for the initial rate as the interest rate, 11%. Since Mr. Clarkson finished payment to Mr. Holtz in 1995, we assume that only the bank loan to Suburban National Bank and Northrup National Bank are the interest-bearing liabilities for 1996 through 1999. For account payable period, we calculated two numbers, 53. 62 days for 1995 and 54. 86 for the first quarter of 1996. We used the payable period for 1995 to calculate the accounts payables for the forecasted years because, as mentioned in the case, Mr. Clarksons business has some seasonality so hat the payable period for the only first quarter of 1996 would not fully reflect for a whole year. We decided not to include 2% discounts for early payment to the suppliers on our income statement because of the payable period. We also assume that Mr. Clarkson issued no new equities and paid no dividends during the forecasted years. Only source of the change in the net worth is the net income for the same period. New credit line. The new credit line of $750,000 would be sufficient only for 1996 and 1997. The bank loan would exceed the credit line to 858,000 and 1,109,000 for 1998 and 1999, according to our pro forma statement. Without the approval of the bank, Mr. Clarkson would not be able to expand his business at the current growth rate after 1998. With the assumption of sales growth rate of 25%, the external financing required has become double from $493,000 in 1996 to $1,109,000 in 1999. Since the new credit line is fixed at $750,000, Mr. Clarkson would have to find other ways of financing the operation such as issuing new equity.

My Socialization Essay -- essays research papers

  Ã‚  Ã‚  Ã‚  Ã‚  My socialization while growing up had everything to do with my parents. In my household I didn’t have just one certain style of parenting. My mother was a permissive parent, and my father was very much an authoritative dad. This was able to happen because my father travels a lot of the time and is out of the house, therefore giving me the chance take advantage of my mom being so much of a push over. When my father was gone on business I could get away with anything such as not cleaning my room, staying up as late as I wanted, and receiving anything I wanted. If my Mom did not giving in to my requests I would just throw a simple temper tantrum and five minutes later victory would be mine. On the other hand when my dad was around everything was to be done his way. If he didn’t think I needed it, I did not get it, no matter how much complaining and whining. In my Dads mind I had to deserve everything I received, if I did something wrong couple days earl ier he would remind me about it as I was asking for a bike or what ever else it is I wanted. Don’t get me wrong my dad wasn’t a mean guy or an abusive father, I knew my limits and when every I would get dumb enough to cross that line, he was right there to put back in my place.   Ã‚  Ã‚  Ã‚  Ã‚  It isn’t hard for me to think back to my gendered socialization, strictly because me being a man was drilled into my head since the day that I was born. I was born on January 6th 1985 in a suburb of Olathe Kansas, and In Olathe high school sports are everything. I have pictures of me when I was five months old with cowboy outfits, and football uniforms. As I became old enough to walk I was thrown into every sport possible. I played football, baseball, soccer, and basketball. I had practice year round sometimes everyday, and no matter how much complaining I did I was at every practice everyday. My father wanted me to be the best at everything I did; therefore I spent many nights after practice practicing with him. When I was that young I enjoyed every second of practice with my father. Being the best was so deeply instilled in me that anytime I failed it was a catastrophe to me. For example in baseball I would probably only strike out three to four times a s eason, which is great looking back now, but when I did strike out I became irate. I would be kicked out of those three or fo... ...ang around them but they were way to boring for me. Now days I have a new group of friends, but homophily still takes place. They are my friends in my fraternity. We are all almost exactly alike, some may say too much alike and we have no diversity, but that’s the way we like it. We all like to go have a good time, and stay on the edge of breaking the law without falling over. I guess propinquity can be a role also because many of my fraternity brothers I met living in the dorms with them. I think that both homophily and propinquity plays roles in everyone’s relationships with others because when you see someone often you get to know each other whether you’re alike or not, and of course you’re going to get along with someone who has the same interest as you.   Ã‚  Ã‚  Ã‚  Ã‚  As I write this paper I realize that all of these questions I was asked to answer all go back to the way I was raised. My anger with sports likely was cause by my dad longing for me to be great. Me homophily with all of the football players was a product of my parents making me do all of the sports. All in all I had a great upbringing and I wouldn’t change one thing.   Ã‚  Ã‚  Ã‚  Ã‚  

Forensic Science Mod 12 Review Essay

1. What is a comparison microscope? What are the advantages of this microscope? A comparison Microscope is 2 microscopes in one it allows you to view 2 slides at once. This is a huge advantage because it allows you to compare evidence with known sample. 2. What are the three substances that generally make up paint? Describe each part. The three substances that generally make up paint are Pigments, Binders and Solvent. Pigments are what produce a particular color of paint. Binders are what provide support for the paint and the solvent is what makes the paint into a liquid. 3. What are polymers? Polymers are substances that are made up of many atoms that form in repeating patterns. 4. What is a scanning electron microscope? What are its advantages? The scanning electron microscope is a microscope that works by shooting beams of electrons at the slide and recording the emissions of the electrons. One advantage is that it has much better magnification than other microscopes! 5. What is the PDQ? What is it used for? The PDQ also known as the Paint Data Quarry is a database that allows some forensic labs to compare automobile paint to narrow down the paint color to the make and model of a car. Critical Thinking Questions 1. What are some of the challenges for forensic scientists in dealing with fiber evidence? Some challenges for Forensic Scientists dealing with fibers are that they have to find these tiny pieces of evidence. 2. What does it mean if a paint sample â€Å"matches† a known sample from a vehicle? Does this indicate the same source? Why or why not? 3. Why are microscopes important to forensic scientists? Microscopes are important to forensic science because it allows us to compare and analyze evidence such as trace evidence. 4. What elements of paint can help forensic scientists compare samples to each other? Paint samples can be compared to each other by comparing the three core products the! Which are pigments which are added to make a certain color? Another is the  Binder which provides support to the paint and Solvents which are there to disperse these substances.

Essay on 1984 And The Left Hand Of Darkness - 1634 Words

The two books Nineteen Eighty-Four and The Left Hand of Darkness help to define humanity and truth. Humanity is the condition, quality or fact of being human collectively. The definition of truth is things as they are, things as they have been, and things as they are to come. Truth cannot change because it does not reflect a personal perspective. These books illustrate how humans relate towards themselves, friends, enemies and humanity as a whole. Truth allows humans to stand-alone. When they find truth they are able to be one against the whole. quot;Being in a minority even a minority of one did not make you mad. There was truth and there was untruth, and if you clung to the truth even against the whole world, you were not†¦show more content†¦217, Nineteen Eighty-Four) Yet when the trial comes and his worst fear is realized, he betrays her in the end. quot;Do it to Julia! Do it to Julia! Not me! I dont care what you do to her. Tear her face off, strip her to the bones. Not me! Julia! Not me!quot; (Pg. 227, Nineteen Eighty-Four) In the Left Hand of Darkness, Estraven steals food and supplies for Genly Ai and himself even though he knew stealing was so despised. quot;Stealing is a vile crime on Winter; indeed the only man more despised then the thief is the suicide.quot; (Pg. 205, The Left Hand of Darkness) Estraven betrays Genly Ai because he left him alone after their long journey by purposely allowing himself to be shot. quot;He could have stopped. He saw the guards. He ran right into the guns.(Genly Ai) The young physician said nothing for a while. Youre not saying that he killed himself? Perhaps- That is a bitter thing to say of a friend.quot; (Pg. 286, The Left Hand of Darkness) A friend fills many roles from tormenter to lover, but serves the main purpose of helping a person survive. In the book Nineteen Eighty-Four, Winston has only one friend left after the interrogation and makes this comment about OBrien. quot;He was the tormenter, he was the protector, he was the inquisitor, he was the friend.quot; (Pg. 193, Nineteen Eighty-Four) Being a friend allows OBrien to fill many roles in Winstons life. Genly Ai questions friendship on Winter because the people wereShow MoreRelated Cultural Values in The Left Hand of Darkness, The Fellowship of the Ring, and Dune1485 Words   |  6 PagesShaping of Cultural Values Through Environment in The Left Hand of Darkness, The Fellowship of the Ring, and Dune      Ã‚   Ursuala K. LeGuins The Left Hand of Darkness was written after J.R.R. Tolkiens The Fellowship of the Ring and Frank Herberts Dune. One of the most interesting comparisons between the three novels is how the authors treat the issue of cross-cultural misunderstandings. 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After his arrival, he reveals a diary he had brought from a small store and proceeds to write in it, though he knows that revealing his thoughts in such a manner was likely to get him killed. However, despite the heightened threat in his small betrayal, life proceeds as seems to be normal for Winston. He goes to hisRead MoreThe Case of Malcolm Farley1275 Words   |  5 Pagesapprehending a criminal they were after for a long time. The role of paint analysis in this case was enormous and to date it is one of the cases people refer to when discussing the relationship between forensic science and crime (Smith, 2005). In 1984, Bedfordshire and Buckinghamshire residents suffered sleepless nights with fear and terror in their homes. Armed burglaries, rape as well as indecent and uncouth sexual assaults became the order of the day. 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Orwells book could be consideredRead MoreChapter One : Down With Big Brother3355 Words   |  14 PagesHannah Gates Mrs. Carlson Pre AP English II 3 August 2015 Assignment 1 1984 Book One, Chapter One: Down With Big Brother Summary: We are introduced to the world in which Winston Smith lives, Winston shows his discontent towards Big Brother through his illegal diary, and he realizes he might not be alone in his rebellion towards Big Brother. 1984 Book One, Chapter Two: Thoughtcrime IS Death Summary: Winston helps his neighbor, Parsons, whose children accuse him of being a thoughtcriminal andRead MoreDevelopemental stages of Georges Life from Life as a House the movie1551 Words   |  7 Pagesthe shame and remorse of having his own mother being beaten by his father conditioned George in one of the worst ways possible. From this conditioning George is destined to bring this to the table in a way when became a father. George on the other hand rejected to take on the same role as his father and instead tried to be the opposite of his father. As a result George did not drink, beat his wife, or abuse his child. This was a good theory but this still did not work as well as he planned and practicallyRead MoreThroughout the book 1984, by George Orwell, society was constantly being monitored and limited in1200 Words   |  5 PagesThroughout the book 1984, by George Orwell, society was constantly being monitored and limited in their freedom. Orwell wrote this book to depict the most absolute and powerful totalitarian government. It showed people of his time how this could all be a possibility in the near future and the risks of accepting this form of control. He was able to create an extreme portrayal of the extent rulers would go to, to obtain total power over everyone. In the book, the government had set up a world of liesRead MoreEssay on Franz Kafkas Use of Humor1619 Words   |  7 Pagesmoment an d sprang erect in bed. Only one hand touched the ceiling to steady him (Kafka 84). The transformation of the sick father to a grotesque ogre (Pascal 42) is not only shocking but comically so. Georgs father goes on to kick and yell at Georg extensively. Through this entire barrage and beating from his father the only thought that pops into Georgs head is he has pockets even in his shirt (Kafka 86) referring to his fathers nightshirt. This left turn from the heat of the moment is quirkyRead MoreA Critical Analysis of Homi K. Bhabhas How Newness Enters The World: Postmodern space, postcolonial times and the trials of cultural translation1610 Words   |  7 Pagesknowledge and name only through translation (70-71). It is the gap between the original and the translated text that Bhabha terms as the liminal space. To illustrate this use of translation in cultural terms Bhabha cites Joseph Conrads Heart of Darkness. He argues that Marlows lie to the intended (about her fiancà ©s last words) is an example of cultural translation where Marlow does not merely repress the truth ... as much as he enacts a poetics of translation.... (212). Marlow inhabits the