Case Study 2

Case Study 2 Springfield Express is a luxury passenger carrier in Texas. All seats are first class, and the following data are available: Number of seats per passenger train car 90 Average load factor (percentage of seats filled) 70% Average full passenger fare $ 160 Average variable cost per passenger $ 70 Fixed operating cost per month $3,150,000 Formula : Revenue = Units Sold * Unit priceContribution Margin = Revenue – All Variable Cost Contribution Margin Ratio = Contribution Margin/Selling Price Break Even Points in Units = (Total Fixed Costs + Target Profit )/Contribution Margin Break Even Points in Sales = (Total Fixed Costs + Target Profit )/Contribution Margin Ratio Margin of Safety = Revenue – Break Even Points in Sales Degree of Operating Leverage = Contribution Margin/Net Income Net Income = Revenue – Total Variable Cost – Total Fixed Cost Unit Product Cost using Absorption Cost = (Total Variable Cost + Total Fixed Cost)/# of units a. Contribu tion margin per passenger =$160 – $70 = $90Contribution margin ratio =$90/$160=56. 25% Break-even point in passengers = Fixed costs/Contribution Margin = $ 3,150,000/$90 Passengers =35,000 Break-even point in dollars = Fixed Costs/Contribution Margin Ratio = $ 3,150,000/56. 25% $ 5,600,000 b. Compute # of seats per train car (remember load factor? )= 90 * 70% = 63 Seats filled Compute # of train cars (rounded) = 35,000/63 = 556 train cars filled c. Contribution margin = $190 – $70 = $120 Break-even point in passengers = fixed costs/ contribution margin =$ 3,150,000/$120 Passengers = 26,250 BE = 90 seats *60% = 54Train cars (rounded) = 26,250/54 = 486 d. Contribution margin = $190 – $90 = $70 Break-even point in passengers = Fixed costs/Contribution Margin = $ 3,150,000/$70 Passengers =45,000 BE = 90 seats *70% = 63 Train cars (rounded) = 45,000/63 = 714 e. Contribution margin = $205 – $85 = $120 (P = Passengers) Sales205*P Variable Exp. 085*P Contribution M. 120*P Fixed Exp. 3,600,000 PretaxX Tax Exp. :X*30% Net Income Op. 750,000 750,000 = X – 0. 3X (X (1 – 0. 3) => 750,000/(1-0. 3) = X X=$ 1,071,428. 57 (Pre-Tax) $ 1,071,429= 120P – $ 3,600,000 => $ 1,071,429 + $ 3,600,000= 120P => 4,671,429/120= P P =38,928 f. Contribution margin = $120 – $70 = $50 # of discounted seats = 90*70%; 90*80% ( Difference is 10%; 90*10% = 9 Seats Contribution margin for discounted fares X #discounted seats = $50 * 9 Seats = $450 50 Train *$ 450 train cars per day * 30 days per month= $675,000 $ 675,000 (-) $ 180,000 additional fixed costs = $495,000 pretax income. g. 1. Compute Contribution margin Route 1 Route2 Overall Mix Sales160*P175*P335 *p Variable Exp. 070*P070*P140 *p Contribution M. 090*P105*P195 *P Route 1 Contribution Margin Ratio =$90/$160=56. 5% Route 2 Contribution Margin Ratio =$105/$175=60% Overall Contribution Margin Ratio =$195/$335=58. 20% Answer: Yes, it should, because the CMR is greater with the two rou tes. 2. BE = 90 * 60% = 54 Seats filled Contribution margin = $175 – $70 = $105 (P = Passengers) Sales175*P (54 Seats) Variable Exp. 070*P Contribution M. 105*P Fixed Exp. 3,150,000+250,000=3,400,000 Pretax120,000 120,000 = (105P*(54 Seats)) – 3,400,000 => 3,520,000 = 5,670P => 3,520,000/5,670 = P P=621 621/54 =12 train cars 3. Contribution margin = $175 – $70 = $105 BE = 90 seats *75% = 68Contribution margin = $175 – $70 = $105 (P = Passengers) Sales175*P (68 Seats) Variable Exp. 070*P Contribution M. 105*P Fixed Exp. 3,150,000+250,000=3,400,000 Pretax120,000 120,000 = (105P*(68 Seats)) – 3,400,000 => 3,520,000 = 7,140P => 3,520,000/7,140= P P=493 493/68 = 7 train cars 4. Springfield should consider Qualitative factors such as: (1) effect on employee morale, schedules and other internal elements; (2) relationships with and commitments to older and new suppliers; (3) effect on present and future customers; and (4) long-term future effect on profita bility and new businesses. Case Study 2 Chapter 2 Case Study Summary 1: 21-year old woman that has had type 1 diabetes for the past 8 years, was brought to the hospital in a coma. She was prescribed to take 92 units of insulin a day to maintain her sugar levels within normal limits and prevent excess sugar in her urine. Upon admission she was hypontensive, tachycardic and hyperventilating.Her labs show she is acidonic, arterial blood carbon dioxide levels were low, blood oxygen tension is normal, bicarbonate levels are really low indicating metabolic acidosis, low sodium levels, slightly high level of potassium, Chloride level is on the low end of normal, very high levels of blood urea and nitrogen, total carbon dioxide levels are really low, extremely high sugar levels and high creatinine levels. She tested positive for ketones. She recieved 8 units of regular insulin through an IV and 8 units per hour by IV infusion pump.Her blood sugar levels began to drop at about 100 mg/dL each hour. After seven hours her breathing an d pH went back to normal, following an injection of intravenous sodium bicarbonate to raise her pH and vigorous IV fluids and electrolyte replacement. 1. It seems her type 1 diabetes is uncontrolled. As her body could not use the sugar and there is not enough insulin, fat was used for fuel instead. During fat breakdown, byproducts called ketones are developed. Ketone bodies are acidic and dangerous when it build up in the body causing all her symptoms upon admission. . Yes, her pH levels became normal. Meaning her bicarbonate levels increased to compensate for the increased hydrogen proton levels in her blood. 3. When the body uses fat for energy instead of sugar, the body creates a byproduct called ketones. Since this is a byproduct, it flows through the renal system waiting to be expelled from the body. Normally, the existence of ketone bodies are detected through a urine sample. 4. The potassium results were high which can indicate some problem with her kidneys. 5.The low sodium results are based on the fact that sodiums job in the body is to keep proper acid-base equilibrium (homeostasis). Sodium has alkaline properties so if the levels are low the acid levels will be higher. 6. Diabetes can affect normal control of BP and can cause damage to the nerves supplying the blood vessels. When the blood pressure lowers the glomerular filtration rate decreases. 7. Anion gap measures of anions in the arterial blood. Anion gap equals chloride plus bicarbonate minus sodium Na-(Cl + HCO3-).The patient has a anion gap of 30. Normal levels are 7 to 16. 8. Osmolality measures the concentration of all chemical particles found in the fluid part of blood. Normal values range from 275 to 295. The patient has a osmolality of 351. 1 Summary 2: 14 year old boy that was never vaccinated against poliomyelitis got the disease late summer. He was hospitalized and needed a respirator during the severity of the illness. Once he began to recover, they took him off the respirator with no apparent effects. Days later a blood analysis revealed the following. H level is slightly acidic, carbon dioxide levels are high and indicate some respiratory acidosis, blood oxygen level is low, bicarbonate level is high, sodium levels are normal, potassium is normal, chloride level is slightly low, and total carbon dioxide levels are high. 1. It seems the patient has respiratory acidosis. Production of carbon dioxide occurs fast and the failure of proper ventilated increases the CO2 in the blood. 2. Buffers are normal compensatory mechanisms to respond to the acidosis. 3.Yes, the HCO3 (bicarbonate) test is elevated and bicarbonate is a buffer. 4. Acute respiratory acidosis is when a abrupt failure of ventilation occurs. Chronic respiratory acidosis may be secondary to many disorders. 5. Total CO2 measures the serum bicarbonate and available forms of carbon dioxide. Bicarbonate takes up about 95% of the total. They take the bicarbonate measurements by the sample of the venous bl ood and arterial blood gas analysis. 6. Chloride levels are slightly lower due to respiratory muscle weakness. Case Study 2 Chapter 2 Case Study Summary 1: 21-year old woman that has had type 1 diabetes for the past 8 years, was brought to the hospital in a coma. She was prescribed to take 92 units of insulin a day to maintain her sugar levels within normal limits and prevent excess sugar in her urine. Upon admission she was hypontensive, tachycardic and hyperventilating.Her labs show she is acidonic, arterial blood carbon dioxide levels were low, blood oxygen tension is normal, bicarbonate levels are really low indicating metabolic acidosis, low sodium levels, slightly high level of potassium, Chloride level is on the low end of normal, very high levels of blood urea and nitrogen, total carbon dioxide levels are really low, extremely high sugar levels and high creatinine levels. She tested positive for ketones. She recieved 8 units of regular insulin through an IV and 8 units per hour by IV infusion pump.Her blood sugar levels began to drop at about 100 mg/dL each hour. After seven hours her breathing an d pH went back to normal, following an injection of intravenous sodium bicarbonate to raise her pH and vigorous IV fluids and electrolyte replacement. 1. It seems her type 1 diabetes is uncontrolled. As her body could not use the sugar and there is not enough insulin, fat was used for fuel instead. During fat breakdown, byproducts called ketones are developed. Ketone bodies are acidic and dangerous when it build up in the body causing all her symptoms upon admission. . Yes, her pH levels became normal. Meaning her bicarbonate levels increased to compensate for the increased hydrogen proton levels in her blood. 3. When the body uses fat for energy instead of sugar, the body creates a byproduct called ketones. Since this is a byproduct, it flows through the renal system waiting to be expelled from the body. Normally, the existence of ketone bodies are detected through a urine sample. 4. The potassium results were high which can indicate some problem with her kidneys. 5.The low sodium results are based on the fact that sodiums job in the body is to keep proper acid-base equilibrium (homeostasis). Sodium has alkaline properties so if the levels are low the acid levels will be higher. 6. Diabetes can affect normal control of BP and can cause damage to the nerves supplying the blood vessels. When the blood pressure lowers the glomerular filtration rate decreases. 7. Anion gap measures of anions in the arterial blood. Anion gap equals chloride plus bicarbonate minus sodium Na-(Cl + HCO3-).The patient has a anion gap of 30. Normal levels are 7 to 16. 8. Osmolality measures the concentration of all chemical particles found in the fluid part of blood. Normal values range from 275 to 295. The patient has a osmolality of 351. 1 Summary 2: 14 year old boy that was never vaccinated against poliomyelitis got the disease late summer. He was hospitalized and needed a respirator during the severity of the illness. Once he began to recover, they took him off the respirator with no apparent effects. Days later a blood analysis revealed the following. H level is slightly acidic, carbon dioxide levels are high and indicate some respiratory acidosis, blood oxygen level is low, bicarbonate level is high, sodium levels are normal, potassium is normal, chloride level is slightly low, and total carbon dioxide levels are high. 1. It seems the patient has respiratory acidosis. Production of carbon dioxide occurs fast and the failure of proper ventilated increases the CO2 in the blood. 2. Buffers are normal compensatory mechanisms to respond to the acidosis. 3.Yes, the HCO3 (bicarbonate) test is elevated and bicarbonate is a buffer. 4. Acute respiratory acidosis is when a abrupt failure of ventilation occurs. Chronic respiratory acidosis may be secondary to many disorders. 5. Total CO2 measures the serum bicarbonate and available forms of carbon dioxide. Bicarbonate takes up about 95% of the total. They take the bicarbonate measurements by the sample of the venous bl ood and arterial blood gas analysis. 6. Chloride levels are slightly lower due to respiratory muscle weakness.

An American ICON essays

An American ICON essays Sitting on the corner of 34th and 5th streets on about two acres of land sits one of mans greatest engineering feats, the granddaddy of all modern skyscrapers, the Empire State building. Standing 1453 feet tall and having 102 stories above the ground is the 102nd observatory, which gives us one of the most breath taking views in the world. As I was standing there I couldnt help from being over whelmed, by the fact that the building that I was standing in was over three times as old as me. The Empire State Building has become an icon for New York. When some one says New York, the first thing that I think of is the Empire State Building, one of the most beautiful buildings in the world. In 1955 the Empire State Building was named one of the Seven modern Wonders of the western hemisphere. It also became the eighth wonder of the modern world (New York City Insider). Excavation began on Jan. 22, 1930 of this building designed by Architects from Shreve, Lamb s flying (Empire State Building facts page). When I look back on this building I cant believe how they got this thing up so fast. The tools that they had back in the 30s arent even in the same ballpark as the tools that we have today and yet it stands still today as one of the worlds tallest buildings. If you were to ask me back then how high we would be by the year 2000 I would have probably said at least 250 stories and yet we arent anywhere near that mark. The Empire State Building was completed in 410 days this was including Sundays and holidays in all it took about 7,000,000 man-hours to build this massive building. The expected cost of the Empire State Building was estimated to be about $50,000,000 but thanks to the depression it only cost $24,718,000, which...

The Scarlet Letter overview on the book huge poem essays

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World Depression Research Paper Example | Topics and Well Written Essays - 1000 words

World Depression - Research Paper Example It has been argued that just after the World War 1, the old European World Order actually failed to create an equitable and wise order to ensure peaceful settlements between the nations. The war has taken its toll on the respective economies of the European countries also as besides losing millions of soldiers and civilians, European economies suffered due to lack of economic growth and prosperity. This started to further worsen when world economy started to suffer due to the collapse of the US economy. The crash of US Stock Market during October 1929 started a chain reaction of economic downturns at the global level where industrialized countries started to face the similar decline in economic activity. Germany especially felt the most of the brunt as it was not only devastated by war but by low economic output and slow growth too. Since most of the money borrowed to finance the war came from US therefore the overall economic consequences of this have been harsh at the global level. What caused this recession, the effects it left on the global economy and whether this event led to the second World War are some of the questions which will be discussed in this paper. Great Depression It has been unanimously accepted that the Great Depression started with the collapse of US Stock market. ... (Bentley, Ziegler and Streets-Salter.) It is critical to note that US was the largest lender during the World War 1 and many allies countries have extensively borrowed from US. In the aftermath of the recession in US and the failure of the financial institutions, banks in US started to call their loans thus putting pressure on already devastated economies of Europe. These actions therefore created a strong chain reaction of economic downturn at the global level thus creating a global recession. (Ludlam) Many also argue that the rise of economic distress also allowed the rise of Fascism within the European block and aroused the sentiments which finally led to the World War 2. World War II and Great Depression The decline in the economic activity as well as the rising inequality within Europe due to economic crisis has allowed rulers like Hitler to dominate the policy making arena within Europe. People were miserably exhausted not only by the World War 1 but by the economic collapse of these countries also. The spread of the global recession therefore slowly and gradually led to the march towards the Second World War. (Garraty) Though the economic slowdown has allowed rulers like Hitler to rise and dominate however the World War II could have been averted probably with the help of collaborative economic approach where the political solution of the problem could have been sought. During that era, US largely remained neutral however; it continued to provide supplies as well as other support to the allies. If during that era, US has maintained its neutral stance for longer and without actually discriminating between the nations, the

The importance of the proper way in which to write a research paper Essay

The importance of the proper way in which to write a research paper - Essay Example Experiments and surveys are conducted, with the use of interviews and questionnaires, to seek answers to the research questions and come to conclusion. For example, in the research with research question: how coffee intake affects sleep, the researcher will follow the qualitative approach, going to participants of the study, and conducting interviews, questionnaires, and surveys, to know how caffeine intake is related to sleep. He will not use the quantitative approach, which is best used for hard scientific evaluations, like those in physics, and is based on empirical data that can be used for statistical analysis. Hence, when the aim is to gather general information about a subject matter, like why something happens or what people think about it, qualitative research is used; but, when the researcher has to go for numerical evidence, he uses quantitative approach. The research question also gets modified with each kind of study. The comparison of above mentioned approaches illustrates that it is very important for the researcher to think about the research approach before starting the research, as every approach undergoes entirely different steps. Research questions get modified, even if conclusions remain the

Consideration - Pre-existing Duties and Part Payment of Debts Essay

Consideration - Pre-existing Duties and Part Payment of Debts - Essay Example The facts of the case were that a borrower, Cole, owed Pinnel [the lender] the equivalent of  £8.50 [ £8-10s-0d] which was to be repaid on 11 November. At the lender’s request, the borrower paid  £5.11 [ £5-2s-2d] on 1 October, which the lender claimed to accept in full settlement of the debt.    The lender then successfully sued the borrower for the outstanding amount.   The House of Lords held that since no consideration was exchanged to enforce the promise of the lender to accept part-payment of a debt on the due date from the borrower, then the lender could pursue full payment of the debt at a later date. This remains the general rule at common law.   However, in Pinnel’s Case, it was also said that the agreement to accept part payment would have bound the lender if fresh consideration had been provided to show accord and satisfaction.   This might be: The facts of the case were that a borrower, Cole, owed Pinnel [the lender] the equivalent of  £8. 50 which was to be repaid on 11 November. At the lender’s request, the borrower paid  £5.11 [ £5-2s-2d] on 1 October, which the lender claimed to accept in full settlement of the debt.    The lender then successfully sued the borrower for the outstanding amount.   The House of Lords held that since no consideration was exchanged to enforce the promise of the lender to accept part-payment of a debt on the due date from the borrower, then the lender could pursue full payment of the debt at a later date.

I Know Why the Caged Bird Sings (Maya Angelou) Essay Example for Free

I Know Why the Caged Bird Sings (Maya Angelou) Essay In I know Why the Caged Bird Sings, Maya Angelou shows us a dark side of American history and how racism and discrimination can affect people, but she also shows us the power of the human spirit in our ability to overcome negativity and succeed in spite of great difficulties in life. One of the earliest examples of race relations in the book symbolizes the major separation of opportunity for black and white children. On the second page of the book, Marguerite explains how she wished that she would â€Å"wake up in a white world, with blond hair, blue eyes, and she would shudder from the nightmare of being black. † Thus, from the beginning of the book, race relations were one of the major themes. The way that Marguerite was thinking at this point, was the same way that other young black children were thinking during this time. They were so use to the white children being praised, they felt that if they looked that way, they would be praised and have the finer things in life as well. According to Valà ©rie Baisnà © (1994), â€Å"Angelous autobiographies in the midst of literature, were written during and about the American Civil Rights movement. The American Civil Rights Movement (1955–1968) refers to the reform movements in the United States aimed at abolishing racial discrimination against African Lupton states that Caged Bird captures the vulgarity of white Southern attitudes toward African Americans. Angelou demonstrates, through her involvement with the black community of Stamps, her developing understanding of the rules for surviving in a racist society, something she is not able to articulate for many years, when she finally writes the book. Angelou also vividly presents racist characters so real one can feel their presence.† Maya Angelou’s early experiences with racism are so powerful, that in 1982, during an interview with Bill Moyers in Stamps, she is unable to cross some railroad tracks into the white part of town. Bill Moyers was an American Journalist and public commentator. Critic Pierre A. Walker (1995), characterizes Angelous book as political; he stresses that the â€Å"unity of her autobiographies serves to underscore one of Angelous central themes: the injustice of racism and how to fight it.† Walker (1995) also states that Angelous biographies’, beginning with Caged Bird, consists of a sequence of lessons about resisting racist oppression. This sequence leads Angelou, as the protagonist, from helpless rage and indignation to forms of subtle resistance, and finally to outright and active protest throughout all six of her autobiographies. Maya Angelou used all that she has been through to write her stories. Her childhood was not really a child hood because she had to accept what had happened to her and move on which caused her to grow up faster than normal. The events that took place in her life made her the strong woman that she is today. She decided not to let her situation define her, instead, she decided to define her situation. Far too many times there are individuals who allow things that happen to them tear them down and they never seem to recover, but not Maya Angelou. She was determined. During the time that this book was written, there were a lot of things going on in the country. One major event was the Civil Rights Movement. The Civil Rights Movement was a time in American History where Blacks were protesting and fighting to be able to have the same rights as a those of non-blacks. Bibliography Angelou, Maya (1969). I Know Why the Caged Bird Sings. New York: Random House. Random House Inc is the worlds largest English-language general trade book publisher Baisnà ©e, Valà ©rie (1994). Gendered resistance: The autobiographies of Simone de Beauvoir, Maya Angelou, Janet Frame and Marguerite Duras. Amsterdam Walker, Pierre A. Racial protest, identity, words and form in Maya Angelous I Know Why the Caged Bird Sings.. College Literature 22.3 (1995): 91+. Academic OneFile. Web. 8 Aug. 2012.