Admission Paper in Finance Essay Example for Free

Admission Paper in Finance Essay Every person has his/her story and so do I. I’m writing this statement of purpose to solicit an admission into the prestigious Finance Phd Program. Many people endeavor into PhD to do high-level research and teach but my primary reason for entering is to be my own boss. Not to sound conceited, I have earlier worked in 7/11 from 6 am to 12 pm for many years and under unmanageable coworkers to support my living and schooling expenses as I come from a very humble background. I understand that being one’s own boss or in more euphemistic terms an independent researcher does not come easy, one has to first go through many years of rigors and challenges of academic world. My Masters in Quantitative finance have built the foundation or framework to withstand any challenge that academia will put forth in the near future. Courses that I have taken in my masters include Mathematical finance, real option analysis, Microeconomic theory, Financial Derivatives, Statistics, Econometrics 1, Econometrics 2, Financial modeling, Financial application, and so forth. See more: Homeless satire essay I took few research and quantitative classes because I know they will inadvertently prepare me for PhD . The reason I chose Quantitative Marketing is because the statistics, economics and mathematics that’s involved in it mesmerizes me. In this country the advertisers have known from the beginning that â€Å" The heart rules over the head.† So by allowing the mass majority of people with easy personal and mortgage loans, they have jeopardized the economy. What I would like to research is if this was a zero-sum game or not, and if yes, then who benefitted from it? Because of securitization, the bank did not seem to make any money, and neither the homeowners that lost their home. If banks knew people were going to default, then why did they still offer loans? This whole thing is like a mathematical paradox that is yet to be solved. Marketing is what separates the product from its competitors. In my research I’d like to learn how adverstisers use athletes to add val ue to the product. Nike’s whole business model was based on Marketing. Top sportsman like Tiger Woods, Roger Federer, Kobe Bryant and so on are paid several millions by Nike. Many people perceive that by wearing the same brand as their idol does, he/she could improve their game. But what about â€Å"the Rolex† watch that Roger Federer advertises? How can a watch improve anyones tennis game? Maybe , the ad implies that only â€Å"Winners† or so called â€Å" achievers† can wear it? People looking to lose weight may take up a sport and watch their favorite athlete drink â€Å"Gatorade† to rehydrate or replenish their energy, but fail to realize that the 46 grams of sugar in Gatorade itself is the primary reason that’s defeating their weight loss goal. Ab rockets, Ab lounges are advertised by professional trainers who have spent their life doing sports. It is impossible for a 9 to 5 working person to achieve the same results, yet countless people fall prey to thes e infomercials. It is definitely fascinating to learn more about the profound effect that Marketing has on us. Neverthless, schemes like â€Å" buy one get one 50% off, zero percent down payment for 12 months, buy now pay later† are a sure sell. What begs the question is whether the scheme is benefitting the consumer or the economy. After research the second most important thing for a phd is to teach. Even though I do not have formal teaching experience I have been teaching GRE to students from all walks of life. I definitely do not have a stellar GPA nor a GRE but I do my job well when needed. The fact that I love people makes my job of teaching extremely simple. I can wake up middle of the night and walk an extra mile to give a talk on a topic that inspires me. Having taken immeasurable courses at community colleges and universities, I’ve become very fond of academia. I now dote reading, learning, relearning, and writing. Of course, my past high school and university grades donâ€⠄¢t walk the talk but the fact is I have overcome all of that with my independent learning. A majority of my high-school teachers and family members doubted if I’d ever finish high-school. Not only did I finish high school , I now also have two advanced United States degrees. Much of these didn’t come easy for me. Every parents teacher meeting and every result day from grade 3 to grade 12 was like a doomsday for me. I used to literally pray that we never had a result day or a parents teacher meeting. My dad physically whopped me and my brother together till he injured us for passing our classes with a B or a C grade. It still gives me nightmare just thinking about it. He beat us because he compared us to his wealthier colleagues or brothers kids who were excelling in school while we weren’t. He never realized that each kid is unique and has different talent. Perhaps, his lack of education or short-temperedness made him violent or even so because he could not flaunt to others that his kids have the highest grade . Believe me this is what parents in South Asia are discussing at parties or family gatherings, â€Å"whose kids are getting the best grades.†. Nevertheless, at first it was a big challenge to just learn English, but as time passed, my innate ability taught me reading, writing, and speaking. In fact, English has now become my primary language. Also during undergrad I have written myriad papers and thus writing has become a fact of my life. The writing skills I have acquired during a long period of my stay in the academic world will unarguably be useful during my PhD. If not, at least I like to think so. I choose Lubbock because it’s a small college town and the professor who mentored me during my masters has his PhD in finance from Texas Tech . He in fact referred me to this school. Nevertheless, a small quite town would also enhance a person’s learning since he/she will be free from all distractions. While writing this essay I hold an undergraduate sociology 101 t ext book. According to the book, being a university professor is considered one of the most prestigious occupation in the United States, ranking way ahead than an athlete, Dentist, programmer, Actor, and so forth. The author took the abstract from, â€Å"General Social Survery, 1972-2002. Cumumlative codebook (Chicago national opinion research center.† ) Such findings did stir my up my mind to pursue PHD. I really saw this in my text six years ago as a young teenager . This explains I truly have the passion to be a professor from a long time. The excellent faculty at Texas Tech with their wide variety of research interests , and student placements will definitely make my ambition of becoming a university professor come true. What I like about research is it removes the bias from the illimitable information we have today. Integrating information from google, scholarly journals, publications, magazines, foreign newspapers, and so forth and coming up with my own analysis is something I loo k forward to do. Another thing that I like about research is it’s about finding patterns and relationships that are not obvious to others. My poor undergraduate GPA could be attributed to the fact that I was part of Texas Wesleyan Table Tennis Team. We have won 4 national collegiate championship, having me represented TWU as a varsity player in all four of them. Apart from playing NCTTA tournaments we were obligated to play open tournaments all over America. I did get a chance to play and win several open tournaments in different cities across the US. For winning the national collegiate championship, the United States House of Representative personally awarded me a certificate of excellence. I’ve enclosed a copy of that certificate along with this essay. Nevertheless, team practice and tournaments took up a lot of time and energy; once tired, college and books were the last thing in my mind. Somehow, I still managed to complete my undergrad degree keeping in mind the famous American say ing , â€Å" It doesn’t matter how many times you fail, but it does matter how you finish.† Nevertheless, I realized I have criticized my dad earlier in the essay but this piece of work that I have penned down today could not have been possible without his support. Moreover, I could never make him happy with my low grades, but I always saw him rejoicing each time I won a tournament. Table tennis taught me invaluable lessons in life. When I lost a tournament or an important match I used to feel devastated, but it then made me realize that it’s not the end of the world. By accepting defeat, I learned that I have to train harder and come off strong for the next tournament. Similarly, in business and research only after failing several times did great thinkers emerge. Lastly, I thank the dean, chairman, and admission committee members for taking out their valuable time to read this essay and also for considering my application.

Communications Between Parents and Children Essay example -- Communica

Healthy family relationships depend on healthy communications. â€Å"Good communication helps keep a family running smoothly and prevents misunderstandings from escalating into conflict or from being buried unresolved.† (Feiden, 68) There are many ways and times to practice and teach good communication to children. There are many times that without good communication, the parent-child relationship suffers and sometimes ends abruptly. Allen Schwartz, PH.D., states that he knows of â€Å"many cases where children are raised in an atmosphere of dark secrecy about both the matriarchal and patriarchal parts of their families. They grow up with a sense that something must be wrong but fear discussing this with their parents.† (5) Most people have grown up with family secrets, but some secrets can destroy a family. The act of hiding the secret(s) provides an excuse to limit self-disclosure, and reacts negatively on one’s self-esteem. When these become extremely limited or negative, there is an increased chance of a separation and possible ending of the relationship. The end of the relationship could mean that parent and child no longer talk, or they are forcibly separated for their own health in extreme cases. Unfortunately, â€Å"emotional health can be passed down from generation to generation just as easily as abuse and dysfunction,† (Bloch, 7) making such dysfunctions of communications a continu ous process. Sturges writes â€Å"children will learn how to communicate with the world based in large part on how they have learned to communicate with their parents.† (31) Children often learn their communication behaviors not only from what we say but also from our actions. For example, If you tell your child that they can talk to you about anything, but y... ... their minds. It is important for the parent to respect their wishes and let them know that they will be available when the child is ready to talk and that you won’t be judgmental. Let the child tell the whole story before interceding with your thoughts. There are also instances where the child won’t want your opinion; they just want you to listen to their problems. This can be tricky to know whether the child wants your opinion or your ears but if you are actively listening to your child, you will know what it is that they are wanting. Remember, good communication is the heart of everything you do in life. Without good communication skills, things won’t get done properly and could cause hurt relationships. Learning these communication skills begins at home from the day that the child is born and should be continued into adulthood and for the rest of their lives.

Is Banning School Soda Machines A Good Idea

Is banning school soda machines a good idea? It's not the government's Job to make decisions about what we drink and where we drink it. That's why I think it's a bad idea to ban soda machines from schools. Taking away soda machines will take away the students ability to learn how to make healthier decisions for themselves. If they don't learn how to make healthy choices as a kid, they won't be able to make those good choices as an adult.The New York Times states that anyone who has tried to lose weight is likely to tell you that going â€Å"cold turkey' and avoiding tempting foods and drinks is setting ourselves up for failure, and that is exactly what banning particular foods and drinks will do. Removing unhealthy choices is setting you up for failure, and it's not a way to teach students on how to make healthy choices. Keeping soda machines in schools will allow students to ask themselves, â€Å"Is this a good choicer, â€Å"Is this healthy? Soda machines in schools will teach t hemselves on how to make good and healthy choices. Although soda is high in calories and sugars, there Is no evidence that it Is the direct cause of obesity. If schools carry only diet and zero calorie sodas such as diet eke and coke zero, the students would be drinking calorie free sodas with less sugar. That would allow the schools to still make profit and the students to get a healthier version of their favorite sodas.Another more beneficial way to decrease childhood obesity Is by dally exercise. This way your lungs and heart will get In better shape, while you are losing weight. Nobody wants to set kids and students up for failure. Banning soda machines In schools will set them up for that failure. That's why I believe that schools shouldn't ban their soda machines from students. Source The New York Times Upfront. † The New York Times Upfront I The News Magazine for High School. N. P. , n. D. Web. 4 Novo. 2012. Is Banning School Soda Machines A Good Idea By crimsoning will allow students to ask themselves, â€Å"Is this a good choice? â€Å", â€Å"Is this healthy? † Soda Although soda is high in calories and sugars, there is no evidence that it is the Another more beneficial way to decrease childhood obesity is by daily exercise. This way your lungs and heart will get in better shape, while you are losing weight. Nobody wants to set kids and students up for failure.

The Alltel Pavilion Case: Strategy and Cvp Analysis

ISSUES IN ACCOUNTING EDUCATION Vol. 19, No. 4 November 2004 pp. 555–561 The ALLTEL Pavilion Case: Strategy and CVP Analysis Edward Blocher and Kung H. Chen ABSTRACT: The ALLTEL Pavilion case is intended for the undergraduate management accounting or cost accounting course and the M. B. A. management accounting course. It provides an excellent context in which to examine strategic issues in using cost volume profit (CVP) in a service business.Based on an actual entertainment pavilion, the case develops many factors unique to a service business and illustrates how pavilion management can use CVP analysis to determine which artists to attract and what kinds of contracts to have with these performers. The Pavilion has two types of customers (paying ticket holders and free ticket holders) and earns profits from three types of revenues (ticket revenues, concession revenues, and parking fees).The case requires you to identify the best strategy for different types of artists, conduct cost-volume-profit analyses, consider the strategic issues related to operating leverage and how this affects the choice of performer and contract, and assess pricing strategies. O ne day in early November, Pam Berg, Manager of the ALLTEL Pavilion, was reviewing the operating results for the year just completed in preparation for the executive board meeting the following Friday. While the year ended in the black, she was disappointed that the ALLTEL Pavilion failed to earn the budgeted profit goal.This was the second year since Ms. Berg assumed the manager’s position at the ALLTEL Pavilion. After the somewhat disappointing first year, she was determined to exceed the budgeted profit in the coming year. While not all events developed exactly as expected at the time of preparing the budget for the year, there were no major surprises during the year. Yet, the operating results are below the budgeted goal. In addition, Pam was frustrated by the lack of clear guidelines for contra ct negotiations with artists, for setting ticket prices, and in dealing with unexpected low ticket sales for certain concerts.THE ALLTEL PAVILION FOR LIVE ENTERTAINMENT The ALLTEL Pavilion in Raleigh, North Carolina (http://www. alltelpavilion. com/) is an outdoor amphitheater that provides live concerts to the public from April through October each year, hosting as many as half a million patrons a year. The seven-month season usually hosts an average of 40 concerts, and 12 year-round staff plan and manage each season. SFX Entertainment Inc. (http://sfxyes. liveonline. net/) operates the pavilion. SFX is one of the largest diversified promoters, producers, and venue operators for live entertainment events in the United States.It has 71 venues either directly owned or operated under lease or exclusive booking arrangements in 29 of the top 50 U. S. markets, including 14 amphitheaters or pavilions in 9 of the top 10 markets. Edward Blocher is a Professor at The University of North Caro lina at Chapel Hill, and Kung H. Chen is a Professor at the University of Nebraska–Lincoln. 555 556 Blocher and Chen ALLTEL Pavilion wants to be the nightlife for the Triangle (Raleigh-Durham-Chapel Hill, NC) and eastern North Carolina, and one of the most beautiful, technologically advanced, and successful amphitheaters in the world.It features the most modern state-of-the-art acoustics and video of any facility of its kind. In the last few years, ALLTEL Pavilion staged shows by the Dave Matthews Band, Alan Jackson, Brooks & Dunn, Toby Keith, Santana, Tim McGraw, Aerosmith, James Taylor, Jimmy Buffett, and many other national, regional, and local artists. The Pavilion claims, â€Å"There isn’t a bad seat in the house. Whether you choose to spread a blanket on our gently sloping festival lawn or select a reserved seat in our pavilion seating area, you are guaranteed a great view of the action on the stage† (ALLTEL Pavilion website).Exhibit 1 shows the stage and seating of the amphitheater. History/Development The city of Raleigh and Pace Entertainment Company of Houston, Texas jointly built the ALLTEL Pavilion in 1991. Pace Entertainment and Cellar Door Inc. of Raleigh, NC had the initial contract to manage the Pavilion. Hardee’s Food Systems, Inc. of Rocky Mount, NC, the original sponsor of the amphitheater, paid an annual fee to carry its name and logo on all signs and ads regarding the amphitheater. On February 3, 1999 ALLTEL Corp (http://tel. com) became the title sponsor for the amphitheater.The demand for the outdoor facility came about because the rapidly growing city of Raleigh lacked a major entertainment complex. In the late 1980s Pace Entertainment and the city of Raleigh came to an agreement to build the facility. The city of Raleigh would own the land while Pace Entertainment would own the facility and assume sole operations of the facility; Cellar Door would do the booking for all the concerts. Pace Entertainment would pay income taxes on earnings from the use of the facility. In 1998, SFX Entertainment Inc. acquired Pace Entertainment Inc.The amphitheater facility and its employees became part of SFX Entertainment Inc. Also, in 1999 SFX Entertainment Inc. acquired Cellar Door Inc. and merged with Clear Channel Communications Inc. , one of the largest owners of radio stations in the country. This move brought together both worlds of the entertainment business. While the company has diverse holdings, the philosophy of SFX is â€Å"One Company, One Mission. † Many companies that are now owned by SFX were at one time bitter rivals in the concertpromoting business. These companies now maintain good working relationships within SFX.A key goal for SFX is for the net operating income of each of its holdings, including the ALLTEL Pavilion, to grow 5 percent each year. The Pavilion competes with the RBC Center (http://www. rbccenter. com) at North Carolina State University in Raleigh (NCSU), the De an Smith Activities Center (http://tarheelblue. ocsn. com/genrel/ 092301aad. html) at The University of North Carolina in Chapel Hill, NC (UNC), and the Verizon Wireless Amphitheater in Charlotte, NC (http://www. verizonwirelessamphitheater. com/charlotte/), among others.In contrast to the facilities at NCSU and UNC that offer only indoor events, the Pavilion offers outdoor as well as sheltered seating for its events. Marketing, Operations, and Accounting When the marketing department plans a promotion for an upcoming event, it coordinates with the sales department to see if there is a conflict in sponsorship. Marketing also coordinates with the operations department to effectively manage the activities on show days. Finally, the budget of each department (sales, marketing, and operations) is reviewed by the accounting department, which provides overall financial anagement of the project. Bringing Concerts to Reality A concert becomes reality in many steps. First, a group or perform er with an interest in performing at ALLTEL will discuss with Cellar Door, Inc. and the Pavilion the possibility of performing at Issues in Accounting Education, November 2004 The ALLTEL Pavilion Case: Strategy and CVP Analysis 557 the Pavilion, and look at the open dates. Upon reaching an agreement, Cellar Door, on behalf of the Pavilion, signs a contract with the booking agent for the performer.A time is specified for gate openings, and once the gate is opened the show is underway. The job of the staff during a concert is to make sure every customer of the ALLTEL Pavilion has a pleasant experience and that the mission of the company is clearly seen by everyone that â€Å"a concert †¦ it’s better live. † Clean Sweep Inc. of Raleigh handles the cleanup after a show. Key Business Issues Marketing has an important role in the success of the ALLTEL Pavilion, but marketing expenditures are carefully watched. For every show, the marketing budget is limited to $20,000.F or many shows it is difficult to stay within the budget, since the Pavilion serves a five-market region consisting of Raleigh-Durham, Fayetteville, Wilmington, Greensboro, and the Carolina Coast. Most of the marketing budget is spent on advertising with radio, TV, and print media in the designated regions. Prior to developing advertising plans, the marketing staff analyzes ticket sales geographically over the five-market region. It is important to know the demographics of the five regions and compare them with the profile for each performer. The more ALLTEL Pavilion can know about the fans, the more they know where to spend the $20,000.SFX develops measures of performance and profitability for each advertising media, by region. This type of analysis is important to the ALLTEL Pavilion because increased ticket sales, through effective advertising, not only affect ticket revenues, but also revenues from parking, merchandise, and concessions. It is also important because of the increas ed cost of advertising. The advertising rates in the Raleigh-Durham region are comparable to the rates in Washington, D. C. The rates are up 200 percent over the last five years, while the budgets per show are only up 15 percent over this time.The cost of the performing artist has also increased dramatically. The average fee for an artist is approximately $160,000. Some artists are paid on a fixed-fee basis, while others are paid on a per capita basis. Generally, the most popular artists seek a per capita contract because they are confident of a high level of attendance. In contrast, the artist paid a fixed-fee is guaranteed the same fee whether 100 or 20,000 people attend (the capacity of the Pavilion is approximately 20,000 attendance). On average, the total number of paid tickets per fixed-fee concert is 7,000.The role of marketing and advertising is especially important for fixed-fee shows. One method the Pavilion uses in addition to advertising is to distribute â€Å"comp† tickets (comp tickets are free tickets distributed throughout the community) to build interest in the Pavilion that will later be realized in paying customers. Comp customers also bring in revenue for parking, concessions, and merchandise sales. In a fixed-fee concert, the number of comp tickets is approximately 25 percent of the number of paying tickets, while a per capita show has no more than 2. 5 percent.Because of the increasing cost of the performing artists, ALLTEL Pavilion tries to reduce nonartist costs. Nonartist costs at ALLTEL Pavilion include expenses for sales, marketing, parking, security, concessions, and merchandise. Since assuming the manager position, Pam has developed several avenues to reduce nonartist costs and/or increase revenues and profits, including reducing expenses, having the parking service pass out flyers for upcoming events, trading â€Å"comp† tickets for online spots in the radio industry, and giving local businesses tickets in exchange f or advertising on their premises.Revenues, Costs, and Flash Report for the KFBS Allstars Concert Exhibit 2 is a mock flash report for an illustrative fixed-fee show, the KFBS Allstars. A flash report is a projection of costs and revenues for a scheduled concert. The guarantee/talent cost ($160,635) is the amount the KFBS Allstars are guaranteed for the show. Projected sales is the number of projected paying ticket holders, while the â€Å"drop count† is total attendance, including both Issues in Accounting Education, November 2004 558 Blocher and Chen paid and comp tickets.Setting ticket price is often done together with the performer, taking into consideration SFX’s national and regional pricing policies, prices of comparable venues, and the Pavilion’s desired profit for the concert. Pam uses the flash report to plan potential concerts and to evaluate the success of concerts already presented. The report shows the variety of revenues and costs for a concert, an d the projected profit for the concert. The flash report projects total revenues including ticket sales, parking, food, and merchandise based on per capita (drop count) rates.Ticket sales are in four ticket categories: A seats and B seats are regular price tickets for the reserved and lawn seating sections respectively; C and D seats are promotional (discount) price tickets for reserved and lawn seating, respectively. Other revenues include per capita facility charges paid by the sponsoring corporation for naming rights (based on paid ticket holders) and a per capita service charge paid by the performer for food, transportation, and other services. Not included are the annual lease payments for VIP seats at $10,000 per year.Patrons to the VIP seats also have to pay the ticket price of A-level seats. Reserved and lawn seating areas are shown in Exhibit 1. The parking, food concession, and merchandise operations are outsourced to other service providers, so the direct costs for parkin g, merchandise and concessions are determined based on contracts with the service providers that include both a percentage (10 percent) of applicable revenues and a fixed fee. Operating expenses include an allocation of the total of fixed production and operations costs for the season, the advertising expenses for the KFBS Allstars event, and other variable expenses.These are then added to the direct costs for concessions, merchandise, parking, and insurance to determine total operating expenses. REQUIRED How would you describe the competitive strategy of the ALLTEL Pavilion? Given the firm’s strategy, what are the critical success factors for the Pavilion to achieve its goal of continuous annual growth in operating income? 2. Complete two selected cost-volume-profit analyses for the show illustrated in Exhibit 2, the KFBS Allstars: a) How many tickets must the ALLTEL Pavilion sell to break even? ) How many tickets must ALLTEL sell to earn $30,000 operating income after taxes , assuming a 40 percent tax rate? 3. What should be the average ticket price for the KFBS concert if the fixed-pay fee is $200,000 and the Pavilion expects to sell 7,000 tickets and wants to earn $30,000 after 40 percent in taxes? 4. Negotiating the fee for the KFBS Allstars: fixed-pay or per capita contracts? a) What is the maximum fixed fee that the Pavilion can pay the KFBS Allstars if the Pavilion wants to earn $45,000 after 40 percent tax and expects the show to have an average ticket price of $22. 12?Assume the show is expected to draw 6,000 paying ticket holders. b) What is the maximum fixed fee that the Pavilion can pay the KFBS Allstars if the Pavilion wants to earn $45,000 after 40 percent tax and expects the show to have an average ticket price of $22. 12? Assume, including 25 percent comp tickets, the show is expected to be a sell-out. c) Independent of (a) and (b), what is the maximum per capita fee that the Pavilion can pay the KFBS Allstars, whose concert is expected to be a sellout, if the Pavilion wants to earn $180,000 after 40 percent tax from an average ticket price of $22. 2 per ticket? 5. What role does CVP analysis and operating leverage play in contract negotiations with different types of performers (fixed-fee or per capita)? 1. Issues in Accounting Education, November 2004 The ALLTEL Pavilion Case: Strategy and CVP Analysis 559 EXHIBIT 1 ALLTEL Pavilion Stage and Seating The Pavilion can accommodate 20,000 fans with 7,000 reserved seats directly in front of the stage (covered seating in sections 1 through 9 and VIP seating) and another 13,000 on the spacious lawn. It has 78 theater-style VIP boxes that can accommodate 4, 6, or 8 people.In addition to positioning for prime viewing, patrons in VIP boxes also enjoy amenities such as wait staff service at their seats, personalized parking, and exclusive membership to the VIP Bar & Grill. Directly in front of sections 4, 5, 8, and 9 is seating with an elevated floor that provides excellent views of the stage for patrons with disabilities and additional seating for the hearing or visually impaired. Lawn Seating Reserved, Covered Seating Issues in Accounting Education, November 2004 560 Blocher and Chen EXHIBIT 2 Flash Report for the KFBS Allstars ConcertARTIST NAME ACTIVITY/EVENT NUMBER EVENT MONTH EVENT DATE Projected Sales (Number of Seats) A Seats B Seats C Seats D Seats TOTAL Number of Seats Projected Ticket Price A Seats B Seats C Seats D Seats PROJECTED NET AFTER TAX ADMISSIONS AVG TIX PRICE NET OF TAX PER PAYING PATRON TALENT % GUARANTEE/TALENT COSTS NUMBER OF PERFORMANCES DROP COUNT (includes comp tickets) Other Ticket-Related Revenue FACILITY CHARGE Per capita SERVICE CHARGE Per capita REVENUE FROM TICKETING Per capita ANCILLARY REVENUES PARKING Per capita FOOD CONCESSION Per capita MERCHANDISE Per capita RENTALS REVENUE FROM ANCILLARIES Per capita TOTAL REVENUE Per capita The KFBS Allstars 10310001 7 7/31/04 2,778 2,845 1,747 881 8,251 $36. 29 $22. 22 $11. 3 1 $ 4. 92 $182,479 $22. 12 88. 03% $160,635 1 10,349 $24,010 $2. 91 $16,172 $1. 96 $222,673 $26. 99 $19,767 $1. 91 $79,273 $7. 66 $36,428 $3. 52 $0. 00 $135,468 $13. 09 $358,141 $34. 61 (continued on next page) Issues in Accounting Education, November 2004 The ALLTEL Pavilion Case: Strategy and CVP Analysis 561EXHIBIT 2 (continued) Other Direct Costs PARKING CONTRACT CONCESSION CONTRACT MERCHANDISE CONTRACT TOTAL DIRECT COSTS Per capita PERCENT OF SALES TOTAL REVENUE (from above) TOTAL DIRECT COSTS (from above) GROSS PROFIT Operating Expenses TOTAL PRODUCTION EXPENSE TOTAL OPERATIONS EXPENSE TOTAL OTHER VAR. EXPENSE TOTAL ADVERTISING EXPENSE TOTAL OPERATING EXP Per capita PERCENT OF SALES OPERATING INCOME Per capita PERCENT OF SALES Detail: Other Concert Variable Expense Insurance Expense per person COGS—Concession per person COGS—Merchandise Inventory per person COGS—Parking per person Other Variable Concert Expense per person TOTAL OTHER VARIABLE EXPENSE $0. 1 7 $0. 35 $1. 12 $0. 08 $0. 02 $14,323 $4,448 $43,356 $17,826 $226,265 $21. 86 63. 2% $358,141 $226,265 $131,876 $15,506 $14,991 $14,323 $20,030 $64,850 $6. 27 18. 1% $67,026 $6. 48 18. 7% Issues in Accounting Education, November 2004

Green Sea Turtles essays

Green Sea Turtles essays One of the most fascinating creatures of the sea is the green sea turtle. Green sea turtles, Chelonia mydas, get their name from the color of their body fat, which is green from the algae they eat. The Hawaiian name is Honu. It is believed that green sea turtles are reptiles whose ancestors evolved on land and returned to sea about 150 million years ago. Their species is so ancient that they watched the dinosaurs become extinct. There were once millions of sea turtles world wide, But because of several reasons such as hunting, fishing, marine debris and coastal development, today there are fewer than 200,000 mature females remaining. The green sea turtle is listed as a threatened species and people need to get involved to make sure this beautiful species does not also become extinct. The green sea turtle is one of the largest of sea turtles. Adults can weigh an average of 400 pounds and are often found living near coral reefs and rocky shorelines. Adult sea turtles are herbivores and their diet consists mainly of algae and sea grasses. Juvenile turtles are carnivorous eating things like jellyfish, snails, sponges and seaweed. The life span of a sea turtle is unknown but Hawaiian sea turtles grow very slowly and may take ten to fifteen years to reach sexual maturity. The average age of sexual maturity is around twenty-five years. Although green sea turtles spend most of their lives in the ocean, adult females must return to land to lay their eggs every two to three years. It is believed that green sea turtles return to the same beach in which they were also born. Males accompany the females during this migration, which occurs in the late spring and mate with them off the shores of the nesting beaches. The most popular nesting beaches in Hawaii are on the French Frigate Shoals where it is estimated that 90% of the Hawaiian sea turtles mate and lay their eggs. This amazing journey can be over 600 miles. It is unknown how sea turt...

Physical Chemistry Lab Report Example | Topics and Well Written Essays - 1750 words - 2

Physical Chemistry - Lab Report Example cent concentration is high, Heating of luminescent substance or if it is exposed to infrared radiation or an electric field this results causes the probability of no radiative transitions. This process is usually undesirable and very high requirement are therefore imposed on the purity of luminescents.phosphors which rapid quenching of luminescence occurs when the temperature is raised or when it is exposed to infrared radiation are also used. Varieties of molecular interactions can also result in quenching. Examples include excited-state reactions, molecular rearrangements, energy transfer, ground state complex formation and collisional quenching Quenching can occur due to optical properties of the sample. High optical densities or turbidity can also result in decreased fluorescence intensities. The trivial type of quenching may contain very little molecular information .quenching may occur without any permanent change in the molecules, for example with no photochemical reactions.in static quenching a complex if formed between the fluorophore and the quencher and the complex is nonfloures-cent.numerous application for quenching is as a result of the requirements of molecular contact, for example quenching measurements can reveal the accessibility of fluorophores to the quencher Both static and dynamic quenching requires molecular contact between the fluorophore and the quencher. Collisional quenching, the quencher must diffuse to the fluorophore during lifetime of the excited state. When in contact the fluorophore returns to the ground state, without emitting photons. For a static and dynamic quenching to occur the fluorophore and the quencher must be in contact. Requirement of molecular contact for quenching may result in the numerous applications of quenching. The mechanisms of quenching include: foster resonance energy transfer, exciplex, static quenching.in forster resonance energy transfer ,there are few distinct mechanisms by which energy can be

Executive compensation as a Macroeconomics topic Essay

Executive compensation as a Macroeconomics topic - Essay Example As for the advocates of free market economy, business cycles are normal (McConnell and Brue 134). But during the past years, its ability to correct itself is being put to question and so the need to apply other agents’ help was seen. Macroeconomic fluctuations affect corporations’ performance through demand and cost conditions (Oxelheim, Wihlborg and Zhang, par.1). These days, CEOs and high-level managers are being hired by companies to assist them in their operations. Of course, their services will not be free of charge, as a matter of fact, they are well paid. But problems arise because they are now seen as contributing factors to the large cost for companies causing disequilibrium. Many believe that U.S. executive compensation is badly out of equilibrium (Paulin 1). This is because of the very high compensation that these managers charge in relation to their services rendered to the companies. The equilibrium in the market is being disturbed by the widening gap in th e rate of executive compensation and other people doing the same jobs in other parts of the world as well as the rank and file employees. If in the first place, CEOs and managers are employed to help solve the imperfections of the market but because of the too much cost of compensation they ask which is also believed to be out of equilibrium, they are adding up to the failures of the free market system.