ACCOUNTING CASE STUDY- EXECUTIVE SUMMARY Study Example | Topics and Well Written Essays - 500 words

ACCOUNTING - EXECUTIVE SUMMARY - Case Study Example Since CCL is an existing client for GE Capital, it should approve the loan at a lower interest rate of 4% and, on the other hand, extend the loan payment period to ten years. By doing this, it will achieve their strategy of keeping existing customers. The CCL financial statements indicate that it generates sufficient cash flow of a net earnings of $97.120 that is able to finance the interest payment of the new loan on a monthly basis. On the other hand, the CCL debt to equity ratio will not exceed 4: 1 when the new loan is included as required by CEF (Dirubbo). Loan disapproval to CCL: Disapproving loan to CCL will not favor the company’s strategy of keeping existing customers. In case the company loses CCL, It will have to find a new client to replace, and this requires the company to incur some costs hence not economical in the end. Hence, the cost of replacing existing clients could enable the company to find and win new businesses. The cost of losing existing clients as compared to finding new ones outweighs in the end. Therefore, to minimize the impact of losing CCL as well as the extra costs of finding new businesses, the company should approve the loan (Plumlee et al.). Short-term plan: The loan approval for $ 306, 000 to CCL to finance the trucking contract between Ford and the supplier is recommendable. The company should reduce the rate of interest from five percent to four percent and extend the period of payment to ten years. This will reduce the monthly payments facilitating provision of monthly reports of financial activities of CCL for the first year of loan repayments. The implementation of the loan approval on an immediate time is required since CCL meets the company’s requirements. This will motivate CCL to continue being clients and even attracting new businesses as well. Medium Term Plan: After the first year, the payments are separated to quarterly submission until the first loan of $ 36,000 is financed within the period of 8 years

Which architect or what building Inspired you to study architecture Research Paper

Which architect or what building Inspired you to study architecture and want to become a professional Architect - Research Paper Example The famous buildings in the world like the former world trade centre, white house, and other buildings in the world are constructed under architectural world. In the contraction of these buildings, creating thinking and manipulation in required. Material, light technology, and shadow have to be coordinated in order to give the house its expected design, and physical look. I was specifically inspired with the manner in which the former world trade centre was contracted which made me aspire to become and architecture. This paper will explore extensive reasons why I want to become a professional architect. It will also look at the work of my inspirational architect Minoru Yakmasaki in constructing the famous world Trade Centre and Pruit-Igoe. Inspirational Architect / Designer Minoru Yakmasaki My inspirational is Minoru Yakmasaki a Japanese-American architect. He is famous for his design of the twin towers of the World Trade Centre. Minoru Yakmasaki was born in December 1912 but later p assed on in February 1986. He is considered one of the most famous architects of the 20th century. He grew up mainly in Washington DC where he joined his high school. Minoru Yakmasaki later proceeded to University of Washington where he pursued a program in architecture in 1929 and graduated five years later with a Bachelor of Architecture. He tirelessly worked and later joined a master’s program at New York University. He is credited with many architectural designs as an employee of various companies (Killen 2007 p.212). Minoru Yakmasaki’s Architectural works Pruitt–Igoe Pruit-Igoe was an urban housing project built in St. Louis, Missouri in the United States in 1954 with the design done by Minoru Yakmasaki (Killen 2007 p.212). It is notably one of Minoru Yakmasaki’s first major assignments as architecture. The project as proposal by Yakmasaki was to include a mix of high-rise, mid-rise, and walk-up parts as noted by Trancik (1986). However, there were c ounter proposals to have the building built uniformly. Several architects, however, later jointly considered that Minoru Yakmasaki’s proposal was the best for the project and was therefore worth being adopted. The building was put up on a slum, which required the ground level to be raised in order to save on ground flow space for the sake of daily social activities. The building stood on about 57 acres of land within the slum. The building had about 2,870 apartments, their kitchens being relatively. Since the building was a storied building, it had elevators but the elevators could only serve certain floors. This meant that occupants of the floors not having elevators had to use stairs to climb. The floors were generally equipped with large communal corridors, garbage sites, laundries and the living rooms. The houses had poor ventilation, and dark corridors (Trancik 1986). All this were attributed to poor planning, and the fact that the materials used were of poor quality. Th e World Trade Centre The famous World Trade centre is another building designed by Minoru Yakmasaki. It was composed of a complex seven buildings with landmark twin towers in New York, United States. The construction of the building was designed in 1960s but was officially opened in 1973. The building was however brought down by terrorist attacks in September 11, 2001. The building had 110 story towers, which was designed using a tube frame structure. The building had to be fitted with elevators to allow ease of movement, as the building was too tall to use stairs. However, Minoru Yakmasaki did not find fixing the elevators easy, which he considered as one the