English 4-6

 

Paper details

In this activity, unlike in other discussions requiring you to respond to two peers, you will be reviewing only one peer\’s writing plan. The topics and viewpoints presented in your peers\’ writing plans do not necessarily reflect the views of SNHU. Because SNHU values academic freedom, a range of topics relevant to the assignment prompt are explored in this class. Please note that you are not assigned to comment on a specific peer\’s work. If you are uncomfortable commenting on a particular topic, please select a different post that you feel comfortable responding to.

Exploring persuasive topics can often mean investigating opinions and ideas that are different from your own. Remember to remain thoughtful and respectful towards your peers and instructor in your discussion post and replies.

Now that you have finished watching a video on the peer review process, let us put what you learned into practice! For this activity, you will use discussion prompts to help review one of your peer\’s submissions of Project One: Writing Plan. Your review will focus specifically on your peer\’s main argument, potential challenges, and integration of evidence. As stated in the video, it is important to be honest and thorough during the peer review process. Your job is to help your peer determine how clear their intended argument is and how well the sources they have found support that argument.

Create one initial post and follow up with ONE response post.

For your initial post, do the following:

  1. Copy and paste your Writing Plan into the discussion forum.
  2. Complete your initial post by Thursday at 11:59 p.m. of your local time zone.

For your response post, do the following:

  • Select one post made by another student to evaluate. Try to find a student who has not had any feedback. Reply to one classmate outside of your own initial post thread.
  • For this module, complete your one response post by Sunday at 11:59 p.m. of your local time zone.

Read through your peer\’s post carefully, and then address the following prompts:

  1. State your peer\’s argument about the persuasive topic.
  2. How can your peer address the challenges that were identified about convincing your peer\’s audience?
  3. Offer one research or writing suggestion to help meet your peer\’s identified goal.
  4. What evidence would convince you as a reader?

Remember, this assignment is graded on the quality of your initial post and your response post to your classmate.

To complete this assignment, review the Module Four Discussion Rubric.

 

Save your time – Order a paper now!

Get your paper written from scratch within the tight deadline. Our service is a reliable solution to all your troubles. Place an order on any task and we will take care of it. You won’t have to worry about the quality and deadlines

Order Paper here   https://essaysprompt.com/order/

solution

Student’s Name

Course Name; Course Code

Professor

Diversity In Criminal Justice System

The world is saturated with diverse cultural beliefs, races, opinions, and religions affecting individual interactions globally. The criminal justice system has suffered immensely from cultural differences, culminating in racial profiling and judicial biasness against a particular group. These defects in the judicial system have been served by stereotyping and biasness against minority groups, thereby limiting justice in their favor.

Cultural diversity awareness serves as the hallmark for bridging the gap in the delivery of justice (Boehnlein). Through information dissipation and the inclusion of people from various cultures, a clear understanding of cultural differences can be attained, assuaging stereotypical views. Stereotypes have the ability to alter individual cognition; while the administration of justice depends on evidence, individual assumptions and preoccupations could alter the interpretation of evidence; consequently, this could result in altered discretion from judges.

Exposure to cultural diversity instills a feeling of inclusivity among victims of unfair criminal justice, and this decreases the rate of racial profiling and unfair judgments against minority groups. Firstly, it leads to the adoption of the Schmidtz elements of justice; desert, equality, reciprocity, and the need to establish justice (Boehnlein). Secondly, it delimits the application of general beliefs in the administration of justice by drifting people away from biased beliefs, instilling cultural sensitivity, and promoting respect for individual races, cultures, ethnicity, and opinions.

 

Work Cited

Boehnlein, James K et al.; cultural considerations in the criminal law: the sentencing process. The journal of The American Academy of Psychiatry and the Law.33,3 2019: 335-41

 

 

Get a similar assignment here   https://essaysprompt.com/order/

Activity 1 Bus Stat

Activity I – A manager claims that increases in advertising expenditure will surely raise the firm’s profits, citing his sense that people find the firm’s ads entertaining.

1. Sketch how you might refute this claim using:

a. A theoretical argument

b. Data

2. Why might the refutation using data be more convincing?

Activity II – A grocery store manager is interested in the data-generating process for her store’s weekly soda sales. She believes factors impacting these sales include price, product placement, and whether the week contains a holiday. Write out a formal representation of the data-generation process for weekly soda sales that incorporates these and additional factors.

Activity III – Access the dataset  Sales and Costs.xlsx (See the attached) and answer the following questions.

1. Calculate these descriptive statistics.

a. Mean of sales

b. Variance of materials costs

c. Covariance of labor costs and materials costs

d. Mean of labor costs

e. Total sales

2. Calculate at least two more descriptive statistics for this dataset.

Activity IV – Suppose you receive an e-mail from a stock broker who claims to be able to accurately predict whether any given stock will rise or fall in price during the subsequent month. To “prove” her claim, she makes a prediction about performance (higher price or lower price) for ten stocks over the next month. You are skeptical of the broker’s claim, and assume she simply guesses which stocks will improve or worsen in price over any given month. Put another way, you assume she has a 50% chance of being correct in her prediction for any given stock. Based on this assumption, you derive the following probabilities concerning her ten picks:

 

Number of correct picks 0 1 2 3 4 5 6 7 8 9 10
Probability 0.001 0.01 0.044 0.117 0.205 0.246 0.205 0.117 0.044 0.01 0.001

 

 

 

 

 

1. What is the empirically testable conclusion resulting from your deductive reasoning?

2. How could you test your empirically testable conclusion using a data sample?

3. Outline the inductive and deductive reasoning you could use to evaluate whether or not the broker is simply guessing in her stock picks.

 

Sheet1

Region Sales Labor Costs Materials Costs
1 $2,070,279.00 $59,313.00 $25,489.00
2 $2,253,758.00 $84,294.00 $24,159.00
3 $1,158,833.00 $61,570.00 $27,903.00
4 $1,916,107.00 $75,704.00 $26,936.00
5 $2,209,766.00 $73,411.00 $20,282.00
6 $1,344,758.00 $58,071.00 $27,327.00
7 $1,525,285.00 $63,391.00 $20,948.00
8 $2,101,502.00 $71,228.00 $22,553.00
9 $2,343,835.00 $63,438.00 $26,483.00
10 $1,965,095.00 $61,898.00 $18,493.00
11 $1,426,194.00 $85,093.00 $28,694.00
12 $2,029,357.00 $59,075.00 $27,439.00
13 $986,042.00 $78,975.00 $26,713.00
14 $1,901,358.00 $86,003.00 $25,048.00
15 $1,465,856.00 $86,628.00 $27,959.00
16 $1,339,142.00 $66,014.00 $20,393.00
17 $1,200,863.00 $57,088.00 $20,524.00
18 $1,295,627.00 $68,377.00 $26,861.00
19 $892,951.00 $63,295.00 $23,854.00
20 $1,781,455.00 $68,708.00 $17,651.00
21 $2,004,767.00 $72,406.00 $24,306.00
22 $1,806,366.00 $66,453.00 $25,955.00
23 $1,589,468.00 $73,428.00 $25,793.00
24 $1,417,498.00 $80,573.00 $27,410.00
25 $1,007,695.00 $71,824.00 $27,023.00
26 $2,047,287.00 $58,911.00 $19,564.00
27 $633,691.00 $70,385.00 $18,798.00
28 $1,498,891.00 $78,440.00 $27,471.00
29 $845,502.00 $56,672.00 $28,614.00
30 $1,326,477.00 $85,644.00 $22,815.00
31 $2,269,852.00 $80,518.00 $21,864.00
32 $2,355,777.00 $64,302.00 $17,614.00
33 $537,921.00 $67,073.00 $18,759.00
34 $1,795,804.00 $87,295.00 $22,673.00
35 $1,135,573.00 $70,522.00 $24,010.00
36 $1,089,914.00 $73,215.00 $22,557.00
37 $2,011,619.00 $78,151.00 $28,035.00
38 $2,281,482.00 $85,753.00 $23,273.00
39 $921,194.00 $76,725.00 $20,106.00
40 $1,691,862.00 $67,237.00 $29,091.00
41 $1,268,440.00 $73,632.00 $28,556.00
42 $1,569,321.00 $80,347.00 $20,155.00
43 $823,068.00 $80,167.00 $19,767.00
44 $1,524,685.00 $75,288.00 $26,404.00
45 $1,908,126.00 $63,282.00 $25,759.00
46 $1,566,024.00 $69,968.00 $22,545.00
47 $1,619,888.00 $83,180.00 $28,056.00
48 $808,591.00 $68,919.00 $23,179.00
49 $1,040,239.00 $67,078.00 $19,997.00
50 $997,462.00 $75,289.00 $29,025.00
51 $801,630.00 $68,497.00 $18,740.00
52 $1,886,438.00 $67,231.00 $27,850.00
53 $864,289.00 $83,353.00 $21,987.00
54 $544,624.00 $81,315.00 $27,823.00
55 $1,287,403.00 $87,633.00 $22,756.00
56 $890,054.00 $56,083.00 $20,547.00
57 $2,239,090.00 $86,178.00 $27,994.00
58 $2,262,311.00 $57,910.00 $24,894.00
59 $1,080,190.00 $87,059.00 $24,367.00
60 $2,147,915.00 $80,572.00 $25,795.00
61 $2,396,990.00 $80,957.00 $19,901.00
62 $1,417,255.00 $58,839.00 $27,052.00
63 $1,157,278.00 $69,583.00 $28,822.00
64 $1,134,178.00 $80,016.00 $29,467.00
65 $2,345,258.00 $73,865.00 $19,903.00
66 $1,672,436.00 $81,601.00 $26,807.00
67 $2,345,143.00 $63,813.00 $18,103.00
68 $2,261,119.00 $76,714.00 $26,727.00
69 $1,866,284.00 $81,186.00 $25,151.00
70 $1,580,449.00 $73,410.00 $25,915.00
71 $646,655.00 $75,838.00 $26,430.00
72 $1,056,578.00 $74,259.00 $28,569.00
73 $1,732,073.00 $70,017.00 $22,004.00
74 $2,101,072.00 $87,546.00 $17,993.00
75 $718,115.00 $57,482.00 $22,655.00
76 $1,976,968.00 $77,448.00 $24,843.00
77 $2,021,155.00 $81,244.00 $24,262.00
78 $920,032.00 $68,843.00 $28,814.00
79 $1,176,260.00 $83,347.00 $19,435.00
80 $1,795,298.00 $84,689.00 $21,987.00
81 $1,238,913.00 $76,721.00 $22,590.00
82 $1,193,492.00 $73,115.00 $28,932.00
83 $1,917,295.00 $84,008.00 $21,393.00
84 $1,917,107.00 $63,529.00 $22,760.00
85 $1,111,683.00 $75,823.00 $20,284.00
86 $2,358,103.00 $62,489.00 $24,670.00
87 $1,512,228.00 $78,675.00 $22,574.00
88 $2,365,887.00 $77,698.00 $22,541.00
89 $1,220,109.00 $69,343.00 $18,787.00
90 $1,582,269.00 $87,323.00 $20,135.00
91 $1,694,185.00 $59,479.00 $23,110.00
92 $1,172,850.00 $56,737.00 $21,527.00
93 $719,072.00 $88,180.00 $21,478.00
94 $761,940.00 $70,907.00 $29,386.00
95 $654,623.00 $65,953.00 $19,344.00
96 $1,754,492.00 $63,005.00 $19,231.00
97 $2,100,389.00 $73,282.00 $20,066.00
98 $2,112,363.00 $72,606.00 $24,597.00
99 $1,900,468.00 $76,151.00 $23,548.00
100 $927,771.00 $85,190.00 $26,457.00
101 $1,335,138.00 $64,275.00 $24,610.00
102 $1,021,173.00 $77,647.00 $19,816.00
103 $1,146,799.00 $73,662.00 $24,943.00
104 $2,066,518.00 $57,254.00 $17,847.00
105 $1,932,132.00 $75,716.00 $23,913.00
106 $919,282.00 $82,506.00 $29,471.00
107 $2,141,066.00 $75,596.00 $27,372.00
108 $599,061.00 $62,359.00 $24,159.00
109 $1,411,500.00 $61,139.00 $26,711.00
110 $2,389,813.00 $72,706.00 $18,468.00
111 $2,377,562.00 $78,447.00 $27,798.00
112 $535,614.00 $76,687.00 $21,539.00
113 $2,147,780.00 $58,931.00 $29,267.00
114 $2,137,903.00 $57,422.00 $28,743.00
115 $1,230,437.00 $73,808.00 $29,166.00
116 $995,140.00 $62,161.00 $17,868.00
117 $1,387,932.00 $69,869.00 $26,738.00
118 $550,332.00 $86,126.00 $22,865.00
119 $653,114.00 $74,309.00 $26,982.00
120 $1,610,589.00 $85,271.00 $26,716.00
121 $1,459,722.00 $69,595.00 $22,494.00
122 $1,051,652.00 $87,409.00 $26,092.00
123 $941,630.00 $68,080.00 $27,530.00
124 $1,254,743.00 $59,737.00 $18,836.00
125 $1,218,564.00 $64,344.00 $20,925.00
126 $1,203,395.00 $59,236.00 $25,071.00
127 $550,153.00 $56,128.00 $23,266.00
128 $586,207.00 $72,952.00 $23,341.00
129 $2,128,845.00 $72,209.00 $28,773.00
130 $2,193,410.00 $84,652.00 $20,450.00
131 $533,211.00 $65,444.00 $20,040.00
132 $1,499,001.00 $85,194.00 $23,602.00
133 $1,232,044.00 $59,434.00 $19,998.00
134 $1,173,982.00 $83,325.00 $21,826.00
135 $1,735,144.00 $80,895.00 $22,102.00
136 $1,824,943.00 $60,482.00 $20,154.00
137 $1,943,972.00 $75,832.00 $26,613.00
138 $1,783,202.00 $70,814.00 $28,130.00
139 $615,007.00 $72,724.00 $28,755.00
140 $1,073,409.00 $73,356.00 $24,640.00
141 $1,324,584.00 $56,036.00 $28,007.00
142 $1,572,545.00 $59,405.00 $27,291.00
143 $2,142,207.00 $83,025.00 $27,538.00
144 $1,322,803.00 $82,618.00 $28,963.00
145 $955,162.00 $69,877.00 $20,216.00
146 $1,204,299.00 $69,888.00 $23,943.00
147 $1,247,238.00 $83,553.00 $22,312.00
148 $668,568.00 $71,330.00 $19,654.00
149 $901,037.00 $68,961.00 $25,080.00
150 $1,470,753.00 $60,016.00 $22,154.00
151 $2,241,978.00 $76,705.00 $17,901.00
152 $999,515.00 $59,058.00 $20,996.00
153 $2,281,842.00 $75,257.00 $23,574.00
154 $1,633,531.00 $77,013.00 $23,619.00
155 $1,193,062.00 $69,213.00 $25,855.00
156 $2,191,119.00 $81,676.00 $23,635.00
157 $1,030,840.00 $70,962.00 $19,786.00
158 $1,135,681.00 $80,343.00 $23,138.00
159 $2,300,149.00 $88,624.00 $22,954.00
160 $996,367.00 $59,992.00 $18,193.00
161 $1,950,032.00 $72,645.00 $22,088.00
162 $1,902,193.00 $70,097.00 $18,435.00
163 $1,943,646.00 $60,325.00 $27,499.00
164 $656,331.00 $73,410.00 $24,471.00
165 $1,407,348.00 $78,931.00 $22,677.00
166 $2,145,281.00 $88,810.00 $19,953.00
167 $1,771,726.00 $59,593.00 $25,434.00
168 $2,249,655.00 $69,797.00 $28,933.00
169 $1,133,698.00 $70,742.00 $18,208.00
170 $1,373,116.00 $76,342.00 $24,072.00
171 $1,606,126.00 $68,633.00 $22,686.00
172 $687,442.00 $70,880.00 $23,726.00
173 $2,207,122.00 $85,731.00 $22,326.00
174 $2,111,579.00 $64,977.00 $22,572.00
175 $1,596,675.00 $85,872.00 $21,387.00
176 $2,123,277.00 $58,092.00 $23,115.00
177 $2,389,076.00 $80,723.00 $27,666.00
178 $1,870,329.00 $59,693.00 $25,212.00
179 $1,154,544.00 $66,204.00 $21,491.00
180 $1,143,138.00 $74,878.00 $22,836.00
181 $1,294,604.00 $88,236.00 $26,604.00
182 $1,966,778.00 $70,841.00 $24,158.00
183 $515,820.00 $87,052.00 $28,152.00
184 $2,223,939.00 $76,689.00 $23,061.00
185 $1,956,787.00 $57,714.00 $19,884.00
186 $1,188,708.00 $64,546.00 $24,425.00
187 $1,597,823.00 $81,454.00 $27,510.00
188 $1,360,436.00 $81,669.00 $21,335.00
189 $519,655.00 $74,236.00 $17,838.00
190 $651,626.00 $57,153.00 $18,357.00
191 $1,063,954.00 $75,651.00 $18,936.00
192 $1,423,040.00 $84,311.00 $26,813.00
193 $645,388.00 $81,524.00 $24,561.00
194 $1,283,879.00 $85,012.00 $27,877.00
195 $2,049,640.00 $72,002.00 $21,578.00
196 $2,412,435.00 $78,743.00 $21,039.00
197 $887,789.00 $56,150.00 $18,591.00
198 $2,290,641.00 $63,763.00 $20,787.00
199 $1,590,895.00 $84,386.00 $22,510.00
200 $2,361,150.00 $68,802.00 $19,429.00
201 $2,142,241.00 $64,416.00 $24,386.00
202 $2,018,946.00 $72,226.00 $21,395.00
203 $1,426,128.00 $56,606.00 $23,506.00
204 $2,307,175.00 $69,290.00 $23,132.00
205 $2,359,559.00 $56,410.00 $28,282.00
206 $821,665.00 $74,653.00 $17,632.00
207 $1,866,668.00 $59,957.00 $26,226.00
208 $604,250.00 $76,469.00 $28,895.00
209 $1,969,455.00 $62,555.00 $25,287.00
210 $2,284,304.00 $58,962.00 $18,274.00
211 $851,326.00 $78,286.00 $22,293.00
212 $804,827.00 $78,756.00 $21,863.00
213 $703,472.00 $71,453.00 $28,461.00
214 $732,869.00 $60,495.00 $25,047.00
215 $1,532,699.00 $69,098.00 $20,994.00
216 $1,001,095.00 $81,025.00 $25,177.00
217 $2,017,591.00 $83,820.00 $23,090.00
218 $1,395,371.00 $83,098.00 $26,715.00
219 $880,326.00 $68,715.00 $18,865.00
220 $1,525,176.00 $78,973.00 $26,175.00
221 $1,428,854.00 $83,654.00 $22,420.00
222 $1,319,132.00 $56,985.00 $25,476.00
223 $515,776.00 $79,818.00 $23,892.00
224 $2,123,854.00 $63,507.00 $23,303.00
225 $2,010,794.00 $78,581.00 $20,786.00
226 $990,785.00 $63,971.00 $17,590.00
227 $603,132.00 $87,000.00 $25,750.00
228 $1,550,614.00 $87,257.00 $17,557.00
229 $1,360,328.00 $60,054.00 $28,009.00
230 $2,406,056.00 $85,079.00 $27,580.00
231 $1,375,610.00 $82,593.00 $24,851.00
232 $1,819,798.00 $73,386.00 $27,438.00
233 $1,150,208.00 $62,494.00 $20,810.00
234 $1,052,096.00 $64,618.00 $21,318.00
235 $689,215.00 $84,406.00 $22,988.00
236 $628,382.00 $77,514.00 $22,015.00
237 $1,319,461.00 $61,778.00 $17,641.00
238 $2,172,774.00 $66,558.00 $19,540.00
239 $1,531,918.00 $82,419.00 $29,276.00
240 $1,993,862.00 $58,677.00 $28,344.00
241 $958,446.00 $56,712.00 $28,564.00

Sheet2

Sheet3

RULES & REGULATIONS 

RULES & REGULATIONS    · The first 15 minutes of the exam session will be used to review the exam before commencing; a Q&A session is allowed during these 15 minutes. Students can ask their question and the professor’s response will be shared with the entire class. No disrupting the class after the first 15 minutes after the exam has been distributed.· No student will be allowed in the exam session after 15 minutes.· Students may only have a pen and calculator (if specified) on the desk. No extra paper, books, mobile phones, or electronic device is allowed. Any extra paper needed will be brought to you by the administration department upon request. All mobile phones should be switched off and students’ belongings on the floor at the front of the class; any person found with an unauthorized device, concealed or otherwise, will receive a zero on the exam.· If a calculator has been authorized by the professor, then this must be a calculator. No cell phones, smart-phones or any electronic device of any sort will be permitted. In the case that a student has forgotten their calculator, they will be requested to do the calculations by hand or obtain one before the start time of the exam.· Students may not leave the exam for any reason, should they insist of doing so they will not be allowed to return to the exam. Toilet issues should be addressed before the start of the exam; exams over 2 hours in duration, please leave your exam with the professor and ask to be escorted by an administration member to the bathroom.· You may not leave the exam session during the last 15 minutes.· Speaking is not allowed under any circumstances. Should a student be seen or heard communicating with another student, they will be disqualified for the session and awarded a zero for the exam.· If a student is caught or suspected of cheating, he or she will be sent to the administration department immediately and a disciplinary file will be opened. Cheating of any kind will result in a 0 and no retake will be allowed.· If formulas are allowed in the exam, only professors may give the necessary information to the student either by writing on the board or handing them directly to the students. Students may not use their own notes unless specified ahead of time.   LEARNING OUTCOMES ASSESSED Outcome 1: Assessing the concept of DFNsOutcome 2: Assessing the trade-off between the dividend policy and the liquidity constraintsOutcome 3: Assessing the trade-off between DFNs and the dividend policyOutcome 4: Assessing different industries through their respective CCCsOutcome 5: Assessing types of debt depending on the collateralizationOutcome 6: Understanding how to compute the DFNsOutcome 7: Understanding how to compute the WC   INSTRUCTIONS · Exam Structure: Two parts. Part 1: 5 Questions, both Knowledge and Critical Thinking, mainly theory. Material allowed: only biro or pencil. No calculators, neither laptops nor any other electronic devices, headphones included. Personal notes and materials are not allowed either.· Time: A 1.5-hour part. Once time is over, the exam will be immediately delivered to the professor. Then, the second part of the exam will start.· Part 2: 2 Mini-cases. Knowledge, practice. Material allowed: laptops. Excel will be the only application allowed. Students will have to download a template from the Moodle, solve it, and submitt it through the Turnitin submission point. A formula sheet will also be available in the Moodle for computing the requested operations. Time: a 1-hour part· Total time for the exam: Part 1, 1.5 h + Part 2, 1 h = 2.5 hours GRADING · Part 1. (70%)· Questions 1-5: Open questions 14% each question · Part 2 (30%)· Questions 6-7: Mini-cases 15% each  EXAM QUESTIONS: Part 1.  Question 1What are the discretionary financing needs? Explain the concept concisely and cite a brief example. You do not need, of course, to draw both the complete P&L and the BS for illustrating your explanation.Question 2Please describe the cash constraint when it comes to paying dividends over the accounting net income figure. Cite a brief example.Question 3After negotiating with an important customer, the CFO of Company H has just decided to stretch the credit period, from 30 to 45 days, instead of increasing the credit quantity because, according with his opinion, it will not have any impact on the financing needs of the firm. Do you agree? Justify your answer.Question 4Given the two cash conversion cycles, CCC1 = +90 days, and CCC2= -30 days, in which CCC would you frame an industrial company (B2B business) and an online e-commerce platform, such as Amazon, respectively?Question 5What is the difference between secured and unsecured debt? Cite an examplePart 2.Question 6. Please, compute the DFN according with the financial statements below. Question 7. Please, compute the working capitals. You can use the two methods for verifying purposes.

  2020 15% Growth 2021
Sales 635.0    
COGS 381.0    
Gross margin 254.0    
Other Exploit. Exp. 127.0    
Amort. & Deprec. 50.8    
EBIT 76.2    
Interests 9.0    
EBT 67.2    
Taxes, 30% 20.2    
Net Income 47.0    
       
  2020   2021
Cash + Near Cash Assets 19.5    
Acc. Receivable 98.4    
Inventories 133.2    
CA 251.1    
Fixed Assets 253.2    
Acc. Depreciation -88.6    
Total Assets 415.7    
Acc. Payable 152.9    
Short-Term Debt 16.0    
Long-Term Debt 79.8    
Current Profit 47.0    
Retained Earnings 50.0    
Capital 70.0    
Total Liabilities 415.7    
DFN      
Cash 1.2 4.6 Accounts Payable
Near-cash assets 3.5 2.1 Other Accounts Payable
Accounts Receivable 9.1 3.5 Taxes Due  
Inventories 3.8 3.1 Short-Term Debt
Machinery 10.8 15.2 Long-Term Debt
Facilities 6.2 4.7 Equity  
Accrued Deprec. -1.4      
Total Net Assets 33.2 33.2 Total Liabilities
         
    WC =    
    WC =  

Operation Thumbs Down

Case study

 

Operation Thumbs Down

 

The Californian city of Los Angeles has one of the most entrenched gang problems of any American metropolis. Hispanic and black gangs have long dominated the city, and the police department’s website admits that the county and city are the ‘gang capital’ of the country, with over 45,000 gang members and more than 450 active gangs. On average Los Angeles gangs commit over 5,000 verified gang crimes each year.

 

Most gangs have a propensity for community intimidation and violence, so disrupting or dismantling gangs is a challenge for law enforcement. Like many federal law enforcement agencies, the FBI can use a multitude of investigative techniques to identify and gather sufficient evidence to target and prosecute the leadership of a gang. For example, in return for ‘proffering’ information about more serious targets, a suspect under federal criminal investigation can reach a formal immunity or plea bargain agreement with federal prosecutors (McCaffrey and Oebker 2013).

 

A variety of techniques were deployed during Operation Thumbs Down, an extensive FBI-led operation that targeted the Rollin’ 30’s Harlem Crips, a set of the Crips who operated in the LAPD’s Southwest Division in South Central Los Angeles. The goal of the intervention was the arrest and prosecution of Rollin 30’s members, with the aim of violent and property crime reduction in the gang area. After an extensive intelligence-led investigation and surveillance operation, an initial gang ‘take-down’ resulted in 23 federal indictments, 16 federal arrests on the date of the takedown, 24 federal and 2 state warrants issued, 4 probation/parole searches executed, and 18 state arrests on the date of the take-down. In addition, several gang members were either arrested by both federal and local authorities or turned themselves into authorities after the take-down.

 

The investigating officers learned a great deal about what opportunities the gang exploited in the Rollin 30’s area. It was believed that the gang fed off a sense of community neglect and the belief among the community that the city didn’t care about their area or their problems. As a result of this insight, gang task force officers initiated a number of civic initiatives, centred on community outreach and neighbourhood beautification such as the clearing of streets and alleyways of debris and graffiti removal. Forty alleys were cleaned and trash was removed from the area by three graffiti removal crews, bulk trash removal, and weed removal teams. The task force also organised a community resource day, involving 40 organisations drawn from community and government groups, healthcare and behavioural health organisations.

 

The home turf of another gang nearby was used for comparison purposes so that an evaluation of the crime reduction effects could be examined (see Figure 1.1). The analysis compared crime changes in the Rollin 30’s turf with the territory of the similar gang that was not targeted. Operation Thumbs Down was successful in reducing violent crime. After the take-down, violent crime in the Rollin 30’s territory was reduced to approximately 4.2 per month, a violence reduction of 22 per cent. After one year, there had been about 50 fewer violent crimes than expected, in an area of less than two square miles. A 10 per cent reduction in property crime was also identified, and there was no evidence of any significant displacement of crime into the local (buffer zone) area.

 

Operation Thumbs Down demonstrated a number of key concepts relevant to intelligence-led policing. The FBI employed a command-driven process to identify a specific criminal group based on an objective assessment of the harm that they were causing the community, and they employed enforcement strategies targeted to prolific offenders; however, they also identified and attempted to ameliorate the opportunities that the gang was exploiting through strategic management that aimed to reduce the opportunities for crime and harm.

Financial Statement Analysis Task

EXAM QUESTIONS:

The company Adidas has the following Financial Statements for a 3 year period.

Income Statement 2016 2017 2018 Revenues 18,48 21,22 21,92 Total Revenues 18,48 21,22 21,92 % Change YoY 9,3 % 14,8 % 3,3 % Cost of Goods Sold -9,38 -10,51 -10,55 Gross Profit 9,1 10,7 11,36 % Change YoY 11,4 % 17,6 % 6,2 % % Gross Margins 49,2 % 50,4 % 51,9 % Selling General & Admin Expenses -7,21 -8,6 -9,03 Provision for Bad Debts -0,04 R&D Expenses -0,15 Other Operating Expenses -0,25 0 0,07 Other Operating Expenses -7,61 -8,64 -8,96 Operating Income 1,49 2,07 2,41 % Change YoY 34,1 % 38,8 % 16,6 % % Operating Margins 8,1 % 9,7 % 11,0 % Interest Expense -0,07 -0,06 -0,04 Interest And Investment Income 0,02 0,03 Currency Exchange Gains (Loss) 0,01 0,02 Other Non Operating Income (Expenses) 0 -0,03 0,05 EBT Excl. Unusual Items 1,45 2,02 2,42 Impairment of Goodwill Gain (Loss) On Sale Of Investments -0,01 Gain (Loss) On Sale Of Assets 0,04 0 Asset Writedown -0,02 -0,04 Other Unusual Items 0,07 0 EBT Incl. Unusual Items 1,54 2,02 2,38 Income Tax Expense -0,45 -0,67 -0,67 Earnings From Continuing Operations 1,08 1,35 1,71 Earnings Of Discontinued Operations -0,06 -0,25 -0,01 Net Income 1,02 1,1 1,7

 

Balance Sheet 2016 2017 2018 Cash And Equivalents 1,51 1,6 2,63 Short Term Investments Trading Asset Securities 0,01 0,01 0,01 Total Cash And Short Term Investments 1,52 1,6 2,64 Accounts Receivable 2,2 2,32 2,43 Other Receivables 0,27 0,48 0,32 Notes Receivable 0,02 0,03 0,03

 

 

Total Receivables 2,49 2,82 2,78 Inventory 3,76 3,69 3,45 Prepaid Expenses 0,31 0,24 Other Current Assets 0,81 0,53 0,71 Total Current Assets 8,89 8,65 9,81 Gross Property Plant And Equipment 3,65 3,63 4,06 Accumulated Depreciation -1,73 -1,63 -1,82 Net Property Plant And Equipment 1,92 2 2,24 Long-term Investments 0,18 0,24 0,28 Goodwill 1,41 1,22 1,25 Other Intangibles 1,85 0,96 1,04 Loans Receivable Long-Term 0,03 0,12 0,12 Deferred Tax Assets Long-Term 0,73 0,63 0,65 Other Long-Term Assets 0,17 0,21 0,23 Total Assets 15,18 14,02 15,61 Accounts Payable 2,5 1,98 2,3 Accrued Expenses 2,24 1,69 1,69 Current Portion of Long-Term Debt 0,64 0,14 0,07 Current Portion of Capital Lease Obligations 0 0,01 Current Income Taxes Payable 0,4 0,42 0,27 Unearned Revenue Current 0,04 0 Other Current Liabilities 0,94 2,07 2,5 Total Current Liabilities 6,77 6,29 6,83 Long-Term Debt 0,98 0,98 1,61 Capital Leases 0 0 0,08 Unearned Revenue Non Current 0,04 Pension & Other Post Retirement Benefits 0,36 0,3 0,25 Deferred Tax Liability Non Current 0,39 0,19 0,24 Other Non Current Liabilities 0,19 0,24 0,24 Total Liabilities 8,72 8 9,25 Common Stock 0,2 0,2 0,2 Retained Earnings 5,52 5,86 6,05 Comprehensive Income and Other 0,75 -0,03 0,12 Total Common Equity 6,47 6,03 6,38 Minority Interest -0,02 -0,02 -0,01 Total Equity 6,46 6,02 6,36 Total Liabilities And Equity 15,18 14,02 15,61

 

Cash Flow Statement 2016 2017 2018 Net Income 1,02 1,1 1,7 Depreciation & Amortization 0,29 0,37 Amortization of Goodwill and Intangible Assets 0 0,49

Total Depreciation & Amortization 0,29 0,37 0,49 Amortization of Deferred Charges 0,07 0,06

 

 

(Gain) Loss From Sale Of Asset -0,02 0,02 0,01 (Gain) Loss on Sale of Investments Asset Writedown & Restructuring Costs 0,02 0,05 0 Net Cash From Discontinued Operations 0,04 0,01 -0,02 Other Operating Activities 0,09 0,32 -0,2 Change In Accounts Receivable -0,46 -0,48 -0,21 Change In Inventories -0,66 -0,22 0,18 Change In Accounts Payable 0,97 0,42 0,74 Cash from Operations 1,35 1,65 2,69 Cash from Investing -0,61 -0,68 -0,64 Cash from Financing -0,55 -0,77 -0,99

 

You are asked to analyse the company financial statements from different perspectives to assess how the company is positioned vs its main competitor. They provide you with some key indicators.

• 1- Analyse the profitability of the company. o To do that calculate:

§ The gross margin percentage (4 points) § The return on total assets (4 points) § The return on equity (4 points) § The return on sales (4 points)

o They provide you with some key indicators of the company main competitor. How is the Company Adidas compared to their main competitor in terms of profitability? (4 points)

§ Gross Profit margin=46.2%,44.6 and 43.8% § ROE= 30.1%, 34.4% and 17.4%.

• 2- Assess the liquidity and asset management of the company

o To do that calculate: § Working capital. (4 points) § The current ratio. (4 points) § The acid-test ratio. (4 points) § The average collection period. (4 points) § The average sale period. (4 points) § The operating cycle (4 points)

o Use the calculations above to asses how the company is positioned in terms of liquidity and asset management. They provide you with some key indicators of the company main competitor. How is the Company Adidas compared to their main competitor? (4 points)

§ Current ratio= 2.8, 2.93 and 2.51 § Average collection days= 37,37 and 36 § Average inventory days= 96,95 and 92

• 3- Assess the company solvency:

o In order to do that, calculate: § The debt-to-equity ratio. (4 points) § The times interest earned ratio (4 points) § The Debt to Assets ratio (4 points)

 

 

o They provide you with the key indicator below of the company main competitor. How is the Company Adidas position compared to it? (4 points)

§ Debt to Assets = 43%, 47% and 56%

• 4.-How is the company growing in sales during this three years?, show the % growth year over

year. The growth for the competition is 6%, compare the growth level. (4 points)

• 5- Summarize which are the strengths and weaknesses of Asics corporation vs its main competitor based on the analysis and comparison performed. Which recommendations would you give to the company management to improve its competitive position? Support your answer on your calculations. (12 points)

• 6.-Explain why a difference between Net income and operating Cash Flow is there, explain the reasons using the actual data of Company Adidas. (10 points)

• 7.- How much is the PE ratio of the company in the year 2018 considering that the share price is 192 ? The PE ratio of the competition is 38. What does that mean to you? (10 points)