George Watsky’s Spoken Word Poem

George Watsky’s Spoken Word Poem

Questions:

1. George Watsky’s spoken word poem “Tiny Glowing Screens Pt. 2” deals with a significance of concealed feelings and the results of living in a westernized society that often asks us to conceal and suppress feelings for the benefit of everyone else.

Talk about how Watsky engages with this idea of concealed or even suppressed feelings and how he reacts baring his interior feelings to the rest of the world. Be sure to use specific examples from the text to support your thinking. Lyrics can be found at Genius.com.

2. In Watsky’s essay “Fa Kieu,” we are introduced to three different schools that all present different challenges to a young George in search of identity: Buena Vista, Alamo, and Estacada.

Take one of these schools and explain briefly what influence they left on Watsky and what coping mechanisms he used to handle his time there.

3. In Watsky’s essay “What Year Is It?” we are introduced to the disability that Watsky has lived with for most of his life: epilepsy. For Watsky, epilepsy is not an entirely debilitating condition, but one that has influenced and affected his life in significant ways.

Explain how Watsky came to terms with his disability and why his writing about his condition might be valuable to readers also experiencing their own issues with disability(s).

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ELEC 4123 Electrical Design Proficiency : Identify Mathematical Model

ELEC 4123 Electrical Design Proficiency : Identify Mathematical Model

Task:

System Identification 
In this task, you are required to understand the dynamic behaviour of the DC MG system and identify mathematical model for it through analysing the actual recoded data and the equivalent Simulink model of the
device as shown in Figure 1. These data are recorded via an Oscilloscope (short-period state-state response
at a high resolution) and an Arduino (long-period dynamic and state-state response).
 
Four different sets of measured data are available for you to analyse the actual behaviour of the system. The
DC MG was hooked up to a motor driver (TB67H420FTG H-Bridge). Oscilloscope data were recorded for a
period of 50ms at a high resolution during steady-state response (50,000 samples) for duty cycles of 20% to
80%. This provides a detailed behaviour of the system including high frequency noise, low frequency vibration,
input current ripple, and issues with Arduino PWM generator. In reality, we would use a microcontroller to
implement a control system for real time control, so the measurements have to be recorded and processed
by, for example, an Arduino. Therefore, I have recorded the output voltage across a 10Ω high-power load
resistor (which you can use to estimate the output current) as well as reading the PWM signal back into
Arduino (which is useless due to a massive aliasing).
All the tests were carried out with 4 different PWM frequencies, 490Hz, 976.5Hz, 1.96kHz and 7.81kHz (some
other frequencies are also available, but I did not use them like 3.92kHz, 31.37kHz and 62.5kHz). The Arduino
real time operation was compiled in Simulink with a baud rate of 57600. As a result of many overhead codes
used by Simulink, a low-resolution sampling frequency of 100Hz had to be chosen to have a consistent
sampling rate in the recorded data via Arduino. This gives you a practical insight into the impact of heavy
aliasing in the measurements and the impact of quantization and down-sampling noise introduced into the
data, which you need to consider when using these data for dynamic modelling.
Another practical aspect of this task is to investigate how the PWM control affects the operation of the DC
motor. It is known that a DC motor can be more efficiently controlled through changing the duty cycle of the
PWM (compared to using a linear voltage regulator) because the DC motor responds to the average value of
the PWM signal (think why that is the case!). However, this introduces new issues for the motor such creating
input current ripple and triggering some nonlinearity (think about what the impacts of the large current ripple
are or what happens to the H-Bridge switching MOSFETs if the frequency of PWM is too high). There is a
technique called motor current smoothing where a motor choke is added in series with the positive terminal
of the motor to reduce the ripples. But you have to consider a trade-off between the size of the current
smoothing inductance and the PWM frequency. You need to think about and make a choice on their values
for this task (there are other techniques like LC filtering which you might want to look into as well).
The Simulink model of the system is shown in Figure 2. You will be provided with nominal estimated
parameters of an actual DC MG to derive two transfer functions, one with the load resistance voltage (

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7074CEM Embedded Hardware Engineering-component specifications and process const

7074CEM Embedded Hardware Engineering-component specifications and process const

Task:

Module Learning Outcomes Assessed:

1. Create and assess requirement specifications for advanced embedded applications.

2. Develop hardware systems through component selection, schematic design and PCB layout.

 
3. Use development tools in order to create the low-level firmware required by a microcontroller application.

4. Implement and test embedded systems through prototyping, testing and debugging techniques.

5. Improve system designs to meet regulatory requirements, material and component specifications and process constraints.

Assignment Details Marks

1 Design requirements, i.e. full system specification, identification of relevant technologies and solutions, design approaches and methodology followed for solving this assignment, etc.
 
2 Hardware development, i.e. component selection and related design considerations including relevant microcontroller features and built-in peripherals, system design and simulation, and resultant circuit schematic and PCB layout, etc.
 
3 Software development, i.e. conceptual design, flowcharts, languages, libraries and algorithms used, implementation and simulation, debugging, etc.
 
4 Verification and optimisation, i.e. simulation results, testing, fault-finding and debugging, design optimisations, compliance, future proofing/future improvements, etc.  
5 Write a concise report (marks will be deducted for unnecessary information)
covering the details in Parts 1 – 4. Keep the format of this similar to a Final
Year Project dissertation.
 
6 Presentation including PCB/cost of your design, and a practical demonstration
of your design. Marks will be awarded for as follows:
a) Presentation and follow up questions
b) Basic performance demo: 2% per achieved requirement
c) Advanced performance demo: 2% per achieved requirement

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MPA503 Economics for Business Management

MPA503 Economics for Business Management

Question:

Students are required to work in assigned groups of three. All students in the group will receive the same mark for the assignment. Your assignment file must be in Word form. Students are required to keep a copy of their assignment after it has been submitted. Plagiarism, contract cheating, recycling and/or other forms of academic fraud will result in disciplinary actions against all members of the group. Assignment submissions will be scanned using sophisticated academic-honesty software (Turnitin, etc.). Students are required to, and must, adhere to the TIIS academic honesty policy.

Define and explain the economic concept scarcity.

Define and explain the economic concept, opportunity cost. Relate your discussion to Production Possibility Frontier.

Using information given in shows the behaviours of buyers and sellers for toffees at the market on a specific day.

  1. What is the equilibrium price in this market
  2. Explain the term ‘ceteris paribus’ and discuss four non-price factors that would affect the market demand curve. Explain three non-price variables that would affect the supply curve.
  3. Define excess demand and excess supply and show it using a diagram.

Explain deadweight loss concept using a diagram and explain the benefit of a discussion of deadweight loss.

Why does long-run supply tend to be more elastic?

During the outbreak of covid-19, we experienced an acute shortage of toilet papers. Assuming toilet papers to be a perfectly competitive market, explain the phenomenon. What are the short-run and long-run impact of high demand on the profitability of a firm producing toilet papers?

Explain the concept law of diminishing marginal rate of substitution. What is/are the reason/s why the law of diminishing marginal rate of substitution suggest/s that isoquant must be bent toward the origin?  

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COMP1350 Department of Computing- Trucks at Meraki

COMP1350 Department of Computing- Trucks at Meraki

1: Create these tables based on the list provided above: TruckMake, TruckModel, Truck, Service, and Allocation.

Insert at least 5 records into each of the tables. No extra marks will be provided for adding more records, but more records may be needed depending on the query results for different questions.

2: Write a query to print the details (VIN Number, Colour, Cost) of the truck.

Note that the cost must be prefixed with a ‘$’ sign. Sort the records in the order of the most expensive truck at the top of the list.

3: Write a query to print the allocation details (VIN Number, Transport ID, from and to date, along with the number of days) each of the trucks is allocated/reserved for.

4: Write a query to print the truck details (VIN Number, name of the model), if the make of the truck is “Volvo”. Use equi-join to answer this question.

5: Write a query to print the VIN Numbers of the trucks if they have been allocated for 3 days or above for a transport that costs between $1500 and $2500. Please ensure no duplicate results are included. Use “join using” to answer this question.

6: Using a subquery, print name, cost and the maximum distance of the transport if the transport has been allocated (use the start date of the allocation here) within the last 6 months calculated from today (Today here implies the date the query is run. Must not hardcode the date)

7: Rewrite Task 6 using a Join on.

8: Write a query to print the names of transport, the maximum distance in kilometres, the maximum distance in miles that have used a red truck. Please ensure no duplicate results are included in the result. Please rename the column names and ensure the numerical columns have 2 decimal places only. You must use join on to write your answer

A sample result looks like this

                                                                                       

9: Write a query to print the number of trucks at Meraki in each colour. Sort the records in order of the number of trucks with the highest number at the top of the list.

10: Show the make of the truck (name) along with the number of models, if the number of models is more than one.

11: Write a query to print the details of all trucks which have never been booked.

12: Write a query to print the details of any transport/service that is more than $5000.

Only include the allocation (both to and from dates) that have been made in either January of any year or any month in the years – 2020 or 2021.

Sort the results by the cost of transport/service in descending order.

13: Write a query to print the names of make & model of all red trucks that have had at least one allocation.

Section-Two

This section has 2 questions. Each of the questions is worth 5 marks. You may be eligible for partial marks if there are errors in your answers. To be able to answer the questions, you will have to create and populate the following tables based on the list provided above: Customer, BookingReq, Invoice, and Payment.

14: Write a query to print all the details of the booking request and the total amount that it has been invoiced for. The data saved in the table are exclusive of taxes. Your query should include the 10% tax. Only include reservations that exceed the total amount of $7,000.

15: Write a query to print the names of the customers who have made payments in the fourth quarter of 2020 that is lesser than the average cost of payments made in the fourth quarter of 2020.

Section-Three

This section has 2 questions. Each of the questions is worth 5 marks. You may be eligible for partial marks if there are errors in your answers. To be able to answer the questions, you will have to create and populate the tables- Location, Staff, and TripSchedule based on the list provided above.

16: Write a query to print the names of Staff and their managers, only if the managers manage 2 staff or more.

17: Write a query to print the names of the customers who have a schedule booked by a manager with the trips that start in the afternoon (between 12 pm -3 pm) and end before midday (between 6 am – 12 pm) along with the names of the staff who created the schedule.

Section-Four

This section has 2 questions. Each of the questions is worth 5 marks. You may be eligible for partial marks if there are errors in your answers. To be able to answer the questions, you will have to create the ‘SupportStaff table based on the list provided above

18: Write a query to print the details of the schedule (Start Location Name, Name of the Service/Transport) and the staff involved in the activities. This should involve the staff who created the schedule and all the support staff involved. Please note you will have to display the data in multiple rows.

A sample result looks like this

                                                             

19: List the name of the start and end location, for every schedule along with the name of the customer the schedule is for. Only include Customers whose surnames start with J. Also, this schedule must have at least 2 invoices generated for it.

20: Write a query to list the id of the schedule along with the total cost (in currency format) of both invoice amount and payment amount for every schedule. If the schedule doesn’t involve invoice/payment, 0 must be displayed as the cost.

A sample result looks like this

                                                                               

301062 Environmental Building Design

301062 Environmental Building Design
ASSIGNMENT OVERVIEW The Architectural drawings given feature a typical Medium Density Residential Development in a western suburban region. The current design aims to maximize development potential (total of eight mixed single and two storey units) by consolidating two typical suburban lots into one with a central access driveway. The development needs improvement in relation to Environmental Building Design (EBD) principles. TASK You will review this design with an incorporation of Environmental Building Design (EBD) principles. You will develop new individual drawings where you will reconfigure the overall site layout to produce an improved environmental design for the site, as well as detail one specific unit. You need to incorporate a range of EBD elements into the fabric and layout of the unit (appropriate passive design methods, energy and water efficient measures, renewable technologies, waste management, etc). The incorporation of EBD principles must be performed to the site (whole development) as well as to the individual unit (which is a representation of all the EBD principles that were incorporated in all different units in your development
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BIOM6636 Cell Biomechanics-identical for an elementary reaction at equilibrium

BIOM6636 Cell Biomechanics-identical for an elementary reaction at equilibrium

Task:

 
1. The principle of detailed balance says that the forward and reverse rates must be identical for an elementary reaction at equilibrium: 
Where []eq is the equilibrium concentration. For the reaction shown on the below, what relation should be satisfied by the six rate coefficients in order to satisfy detailed balance?

2. A bimolecular reaction in which A and B combine to form the product can be written as:
Where k1 is a diffusion-limited, molecular rate constant for forming this complex AB, k-1 is a unimolecular rate constant for the encounter complex to fall apart before the reaction occurs, and k2 is the rate constant for the reaction step.

(a) Write down the differential equation for the rate of change of the concentration for complex AB.
(b) From your results in (a), and using the steady state approximation, the rate change of AB is equal to zero, obtain expression for the steady state concentration [AB].
(c) Use your result for [AB] from part (b) to express in term of the concentration of [A] and [B], and some combination of the rate constants

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BIOL121 Biological Sciences

BIOL121 Biological Sciences
Task  1. Scenario – Sarah Sarah is a 28yo female who has presented to the antenatal clinic for a routine prenatal visit. She has generally felt very well throughout her pregnancy and exercised regularly but is starting to feel more and more tired as her pregnancy progresses. Sarah reports she has been suffering from severe headaches over the last week or so and has been taking paracetamol capsules to dull the pain. She also reports some discomfort in her upper abdomen after eating and drinking and swelling in her feet and ankles. Sarah is vegan and, although she considers her fluid and caloric intake to be adequate, admits that she probably isn’t careful enough when ensuring she eats enough high calcium foods. A physical examination and urinalysis were conducted. Results below. Physical examination:  Height 164 cm Weight 63 kg Appearance Clean, neat appearance, mild oedema in feet and ankles Pregnancy status Primigravida 34/52 Temperature 36.2?C Blood work Blood group: O- Blood glucose = 6 mmol/L BP 150/95 mm Hg Respiratory rate 22 bpm Diet Vegan, low calcium intake Past patient history Non-smoker. Regular check-ups during pregnancy.  – All topics and their key points listed below must be discussed in your essay Topic 1: Reproduction Breast tissue contains glandular structures relevant to Sarah’s reproductive function. Note the role of this glandular tissue in reproductive function. Discuss any likely changes in the activity and regulation of this tissue, in relation to Sarah. Ensure you include discussion of relevant hormones in your response. Considering Sarah’s circumstances, describe the future role of oxytocin on uterine tissue during childbirth. Topic 2: Renal Evaluate Sarah’s urinalysis. Using your knowledge of normal kidney function and urine formation, explain any abnormal values, and the possible underlying mechanisms. Given Sarah’s pregnancy, discuss any changes you would expect to see in her glomerular filtration rate. Topic 3: Digestion/metabolism Discuss whether you would expect Sarah’s gut motility to have increased or decreased from normal. Include discussion of EITHER peristalsis or segmentation in your explanation.  Sarah had avocado on toast at her favourite café before attending her clinic appointment. Discuss the mechanical and chemical events required to absorb the ingested fats in Sarah’s meal. State the hormone that will be MOST active in maintaining Sarah’s blood calcium levels if adequate calcium is not obtained from her diet?  Explain your answer. Topic 4: Pharmacology Sarah indicated that she has taken paracetamol capsules for her headaches over the last week Discuss the route of administration, where the drug is likely to be absorbed after administration, and its likely bioavailability. Justify your response by discussing whether the drug would be subjected to hepatic first pass.  Discuss the importance of the half-life of a drug. What is the estimated half-life of paracetamol? Using this estimate, calculate the amount of time it would take to achieve steady-state concentration and explain the importance of achieving steady state.  2. Scenario: Jessica Jessica is a 40yo marathon runner who has presented to her GP clinic after completing a training run. She runs four to five times per week and does yoga or Pilates on the other days. Jessica has experienced light- headedness, and significant muscle pain after her last three runs. Whilst talking to the clinic nurse, Jessica admits to feeling lethargic, and like her “heart is racing”. She has also been a little unsteady on her feet and stumbled climbing the stairs in her home the previous evening. She reveals that, and although she is still eating well and drinking adequate fluids, her caloric intake has been less than usual. She has lost 2kg in the last month and her last period was 5 months ago. Blood and urine tests ruled out pregnancy as a cause of amenorrhea. Jessica applied Nurofen Gel, a topical non-steroidal anti-inflammatory drug (NSAID), to her quadriceps and calves immediately after this morning’s run, hoping to relieve some of her muscle soreness. A medical history was taken, and urinalysis conducted, identifying the following: Height 173 cm Weight 61 kg Appearance Dry lips, poor skin turgor, dark circles under eyes Temperature 38.6?C Blood Group O- HR 86 bpm BP 87/58 mm Hg Respiratory rate 25 bpm Diet High protein, high intake of fruit and vegetables; High carbohydrate after marathon Body composition Low body fat Past patient history Torn meniscus in right knee, surgically repaired; one caesarean delivery 14 years ago. Takes fish oil and calcium supplements. Relies upon barrier methods for contraception. Social status Married with two teenage children.   Urinalysis Colour Dark yellow Blood – Bilirubin – Urobilinogen 0.2 Ketone + Protein ++ Nitrite – Glucose – pH 5.5 Specific Gravity 1.015 Leucocytes – All topics and their key points listed below must be discussed in your essay Topic 1: Reproduction Endometrial tissue contains glandular structures relevant to Jessica’s reproductive function. Explain the role of this glandular tissue in reproductive function, including any likely changes from normal in the secretion and resultant effects for Jessica. Considering Jessica and her current circumstances, describe the role of oestrogen and explain whether you expect her oestrogen levels to be varied from normal. Your discussion should include the homeostatic regulation of female reproductive physiology and the relevant glands and hormones in your response. Topic 2: Renal Evaluate Jessica’s urinalysis. Using your knowledge of normal kidney function and urine formation, explain any abnormal values, and the possible underlying mechanisms.
Topic 3: Digestion/metabolism Jessica supplements her diet with a daily protein shake after exercise. Discuss why maintenance of adequate protein intake is important for Jessica’s for bone health. Discuss the mechanical and chemical events required to absorb the ingested protein in Jessica’s shake. State the hormone that is MOST active in maintaining Jessica’s blood glucose levels during a marathon. Explain your answer.  
Topic 4: Pharmacology Jessica has used Nurofen Gel to ease her aching muscles. Discuss the benefits of this route of administration over an oral capsule in providing a higher bioavailability of the drug. Discuss the importance of the half-life of a drug. What is the estimated half-life of ibuprofen (the active ingredient in Nurofen gel)? Using this estimate, calculate the amount of time it would take to achieve steady-state concentration and explain the importance of achieving steady state. 3. Case Study: Mateo Mateo is a 72yo male who lives alone since their partner died 2 years ago. They have come to see their GP today as they have had several episodes where they felt faint, and “may even have passed out on a couple of occasions”. It is some time since Mateo attended the clinic and you note when weighing them that they have lost a significant amount of weight and do not present as the robust, active older person you remember. Mateo mentions they don’t cook much and rely on the takeaway shop around the corner for most food these days. Mateo explains they have been very lonely since losing their partner but is excited to reveal a new zest for life after meeting a new friend, whom they are seeing a least once a week. This relationship has developed sexually, but Mateo has had some difficulty performing. Mateo thought it was their prostate giving them trouble but has also bought some Viagra nasal spray over the internet at the urging of their new partner. Physical examination:  Height 178 cm Weight 70 kg Appearance Clean, dry skin, thin, significant muscle wastage Temperature 37.6?C Blood Group AB+ HR 80 bpm BP 105/66 mm Hg Respiratory rate 22 bpm Diet Low fibre, high fat Past patient history Mobility issues due to osteoarthritis, previously hypertensive Social status Living at home, lonely, lately has occasional sexual contact Urinalysis Blood – Bilirubin – Urobilinogen 0.1 Ketone +++ Protein – Nitrite – Glucose – pH 6.0 Specific Gravity 1.035 Leucocytes + All topics and their key points listed below must be discussed in your essay Topic 1: Reproduction Prostate tissue contains glandular structures relevant to Mateo’s reproductive function. Explain the role of this glandular tissue in reproductive function, including any likely changes from normal in the secretion and resultant effects for Mateo.  Considering Mateo’s current circumstances, describe the role of testosterone and explain whether you expect their testosterone levels to be varied from normal. Your discussion should include the homeostatic regulation of male reproductive physiology and the relevant, glands, cells, and hormones in your response. Topic 2: Renal Describe the role of the kidneys in maintaining fluid balance with reference to the role of antidiuretic hormone (ADH). Considering Mateo’s circumstances and urinalysis results, discuss whether they are at risk of not maintaining homeostatic fluid mechanisms? Topic 3: Digestion/metabolism Considering Mateo’s circumstances, discuss why maintenance of adequate protein intake is important for their muscle function. Mateo has had a large box of potato fries for lunch. Discuss the mechanical and chemical events required for Mateo to absorb the ingested carbohydrates. State the hormone that is most active in maintaining Mateo’s blood glucose levels at this time. Explain your answer. Topic 4: Pharmacology Mateo has used a nasal Viagra spray improve sexual performance. Discuss the route of administration, where the drug is likely to be absorbed after administration, and its likely bioavailability. Justify your response by discussing whether the drug would be subjected to hepatic first pass. Discuss the importance of the half-life of a drug. Assuming there is 100% absorption, and the half-life of Viagra is 4 hours, calculate the % of drug that is likely to be present in Mateo’s blood after 20 hours.
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ACCT6005 Company Accounting- Reduce Cost of Goods Sold

ACCT6005 Company Accounting- Reduce Cost of Goods Sold

Task

Write a technical issues on the understanding of each question and also your presentation skills:

Issues

1. Our Subsidiary company often sells inventory to the Parent company at a profit. I do not understand why we sometimes reduce the inventory account but at other times we credit and reduce Cost of Goods sold account. What is the reason for both? Please discuss using specific worksheet entries or account names in your explanation, including tax effects.
 
2. If our Subsidiary company sells inventory to the Parent company in the prior year, can I assume the worksheet adjustments are the same as in Issue 1 above? Explain any differences required in the entries for prior year compared to current year. Please discuss using specific worksheet entries or account names in your explanation, including tax effects.
 
3. If our Parent company sells inventory during the current year to the Subsidiary company and it sells 100% of this inventory to an external party by financial year end (30 June), am I correct in saying we do not need to make an entry for this intra -group transaction? Please discuss using specific worksheet entries or account names in your explanation.
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BUS308 Credit and Lending Decisions: Loan-to-value Ratio

BUS308 Credit and Lending Decisions: Loan-to-value Ratio

Questions:

Q1. A.

SBSC bank currently pays 1.55% p.a. on 12-month term deposits and expects to be able to attract similar funds in 12 months’ time at a cost of 1.35%. Accordingly, it has priced a fixed two-year loan of $5,500,000 at 1.0% over the expected cost of funds with interest paid annually. The day following the issue of the loan, the yield on both one- year and two-year maturity government bonds (indicators of market rates) decreased by 0.20% p.a.

  • Ignoring all other assets and liabilities calculate the present value of the expected interest margin.
  • What is the importance of the loan-to-value ratio (LVR)? If the LVR is 55% for a loan based on a firm’s accounts receivable, is the credit risk of the lender fully covered?

b.

  • ESG Prime Bank has an obligation of $750 at the end of the first period and $550 at the end of the second period. It also has $1,528.93 to invest and can choose between zero-coupon bond or the coupon bond. The coupon bond matures in two years, pays an annual coupon of $100, and has a balloon payment of $1,400. The zero-coupon bond has a balloon payment of $1,610 at the end of the second year. The default-free yield on a one-year bond is 10%, and the annualized yield on a two-year bond is also 10%. What is the present value of the bank’s equity?

(ii) Suppose the interest rate at t = 1 is 8%. What will be ESG Prime Bank’s equity if it invests in the zero-coupon bond?

c.

Match Microsoft, Boeing, and Cathay Pacific to their respective 2019 Annual Reports. Provide justification for your selections.  No calculations are required.

Balance Sheet Structure

Company A

Company B

Company C

(in percentage)

 

 

 

Cash and securities

15

18

37

Accounts Receivable

10

4

18

Inventories

16

1

2

Other Current Assets

5

5

7

Fixed Assets

54

72

36

Total Assets

100

100

100

Short-term debt

1

1

0

Accounts payable

10

5

5

Accruals and others

42

17

33

Long-term debt

13

13

0

Other long-term liabilities

19

21

13

Owners’ equity

15

43

49

Total Liabilities & Owners’ Equity

100

100

100

Profitability Structure

Company A

Company B

Company C

ROTA = EBIT/Total Assets  (%)

10

7

32

Margin  = EBIT/Sales (%)

9

10

39

Total asset turnover = Sales/Total assets

1.13

0.64

0.81

Leverage effect = Pretax ROE/ROTA

6.87

2.08

2.03

Pretax ROE = EBT/Owners’ Equity (%)

68

14

65

Tax effect = EAT/EBT = (1-Effective Tax Rate)

0.66

0.89

0.7

After Tax ROE = EAT/Owners’ Equity (%)

45

12

45

2(a)

The senior lending officer has provided you with the data below and you have to consider what analysis your wish to undertake. Please discuss pertinent questions that you would ask the senior lending officer before you commence the analysis and provide a rationale for the analyses you wish to undertake. Note: CF_TD (cash flow to total debt), NI_TA (net income to total assets), CA_CL (current assets to current liabilities), CA_NS (current assets to net sales) and F_OR_NF (fail or not fail). 

CF_TD

NI_TA

CA_CL

CA_NS

F_OR_NF

-0.4485

-0.4106

1.0865

0.4526

1

-0.5633

2.0114

3.5134

0.1642

1

0.0643

0.0156

1.0077

0.3978

1

-0.1421

-0.0651

0.7066

0.2794

1

0.0351

0.0147

1.5046

0.7080

1

-0.0653

-0.5660

1.3737

0.4032

1

0.0724

-0.0076

1.3723

0.3361

1

0.0713

0.0205

1.3124

0.2497

1

0.0109

0.0011

2.1495

0.6969

1

-0.2777

-0.2316

1.1918

0.6601

1

0.1454

0.0500

1.8762

0.0000

1

0.0115

-0.0032

1.2602

0.6038

1

0.1227

0.1055

1.1434

0.1655

1

-0.2843

-0.2703

1.2722

0.5128

1

0.0777

-0.2316

1.1218

0.7601

1

0.5135

0.1001

2.4871

0.5368

0

0.0769

0.0195

2.0069

0.5304

0

0.3776

0.1075

3.2651

0.3548

0

0.1933

0.0473

2.2506

0.3309

0

0.1184

0.0499

2.5210

0.6925

0

-0.0173

0.0233

2.0538

0.3484

0

0.1703

0.0695

1.7973

0.5174

0

0.1460

0.0518

2.1692

0.5500

0

0.1398

-0.0312

0.4611

0.2643

0

0.1379

0.0728

2.6123

0.5151

0

0.1486

0.0564

2.2347

0.5563

0

0.1633

0.0486

2.3080

0.1978

0

0.5383

5.5000

0.4835

0.4835

0

-0.3330

-0.0854

3.0124

0.4730

0

0.5603

0.1112

4.2918

0.4443

0

0.2029

0.0792

1.9936

0.3018

0

0.1661

0.0351

2.4527

0.1370

0

0.5808

0.0371

5.0594

0.1268

0

0.1446

0.0524

2.2407

0.5403

0

-0.0103

0.0433

2.1538

0.3584

0

2(b)

Summarize the pros and cons of judgmental and empirically based credit evaluation systems. What would you recommend? Would your recommendation change if you were evaluating Singapore Airlines for a loan during the COVID-19 pandemic? No calculations are required but your answer must relate to the Statement of Financial Position presented.

3(a)

A company has a choice between a bullet loan and an equivalent amortized loan with a value of $3,500,000. Calculate the repayment cash flows for a four-year loan with 3.15% pa fixed interest rate bullet loan and the equivalent amortized loan.

Year

Bullet loan repayments

Amortized loan repayments

 

3.15%

2.35%

3.15%

2.35%

1

?

 

?

 

2

?

 

?

 

3

?

 

?

 

4

?

 

?

 

Based on your calculations for the bullet loan repayments and amortized loan repayments, explain why the bank recommends that the amortized loan be taken. If interest rates fell to 2.35% fixed rate, would that alter the bank’s recommendation?

3(b)

The accounts of 4,500 credit card customers out of a sample of 40,000 that were reviewed did not perform satisfactorily. The credit scores assigned to these applicants when originally assessed had a mean of 70 and standard deviation of 8. The scores of the remaining customers had a mean of 87 and a standard deviation of 12. Assuming these distributions are approximately normal, if the cut-off score was revised upward to 82.

  • Complete the following table:

 

Creditworthiness

High

Low

Mean credit score

87

70

Standard deviation of credit score

12

8

Probability of receiving credit (%)

 

 

Probability of being denied credit (%)

 

 

(ii) The original default rate on the sample of 40,000 card holders was extremely high. What impact would be setting the cut-off at 82 have on the default rate? Show calculations. Is this adjustment reasonable? Discuss.

(iii) Based on the credit evaluation process. Complete the following table and identify the Type I and Type II errors. All quadrants need to be identified.

Analysed credit quality

 

Actual credit quality

 

Good

 

Bad

 

Good

 

 

 

Bad

 

 

4(a)

Before Neo Goh Hian Distributors approaches the bank for a loan the company has asked their internal credit department to see if the firm can generate any internal funds.

What conclusions can you draw from your analysis?

What supplementary quantitative information is necessary to increase your confidence in your analysis?

Neo Goh Hian Distributors

Balance Sheet

as at

 

31-Dec-17

31-Dec-18

31-Dec-19

Assets

 

 

 

 

 

 

Current Assets

 

 

 

 

 

 

Cash

 

6

 

12

 

8

Accounts receivables

 

44

 

48

 

56

Inventories

 

52

 

57

 

72

Prepaid expenses

 

2

 

2

 

1

Total Current Assets

 

104

 

119

 

137

Non-current Assets

 

 

 

 

 

 

Property, Land & Equipment

90

 

90

 

93

 

Less Accumulated Depreciation

34

 

39

 

40

 

Total Non-current Assets

 

56

 

51

 

53

Total Assets

 

160

 

170

 

190

Liabilities and Owners’ Equity

 

 

 

 

 

 

Current Liabilities

 

 

 

 

 

 

Short-term debt

 

15

 

22

 

23

Bank

7

 

14

 

15

 

Current portion of Long-term Debt

8

 

8

 

8

 

Accounts payable

 

37

 

40

 

48

Accrued expenses

 

2

 

4

 

4

Total Current Liabilities

 

54

 

66

 

75

Non-current Liabilities

 

 

 

 

 

 

Long-term debt

 

42

 

34

 

38

Total non- current liabilities

 

42

 

34

 

38

Owners’ Equity

 

64

 

70

 

77

Total Liabilities and Owners’ Equity

 

160

 

170

 

190

4 (b)

How would your focus change if we were considering the COVID-19 crisis period?

5.

Examine pages 118 and 119 of the 2020 Annual Report for OCBC Bank reproduced below and consider how the five C’s discussed in the course have application in the present coronavirus pandemic. Discuss if and how the ranking of the 5Cs change depending on whether you are considering “Consumers and Small Business”, “Corporate and Institutional Customers” or “Private Lending Customers”.

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