Suspension bridge – A parabola What is meant by suspension bridge? A suspension bridge is a type of bridge in which the deck (the load-bearing portion) is hung below suspension cables on vertical suspenders. Outside Tibet and Bhutan‚ where the first examples of this type of bridge were built in the 15th century‚ this type of bridge dates from the early 19th century. Bridges without vertical suspenders have a long history in many mountainous parts of the world. Structure of suspension bridge – This
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Balls Bridge and Truss Bridges: A Brief Historical Overview Nathan Holth Foreword: I composed this brief and informal overview of truss bridges and Balls Bridge to put this beautiful historic bridge ’s history and significance into context. A version of this document with full-color photos is available on my website ’s Balls Bridge Page located at www.historicbridges.org/ontario/balls/index.htm which also has more information and photos. The general truss bridge information in this document was
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A business model of the times The Enron bubble was a prime example of the dominance of speculative finance in business. V. SRIDHAR MORE than two months after Enron‚ the seventh biggest corporation in the United States‚ filed for bankruptcy‚ the stench of scandal refuses to die. Shocking revelations about the company’s modus operandi continue to pour in. Public and media attention was initially focussed on the company’s close ties with the political establishment and the policy-making bureaucracy
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Question I Give definition of earning management. Discuss in what instances is earnings managementacceptable and in what instances is it not acceptable. Before defining what earnings management is‚ it is important to understand the meaningof earnings first. Earnings are the profits of a company. Investors and analysts look to earningsto determine the attractiveness of a particular share. Companies with poor earnings prospectswill typically have lower share prices than those with good prospects
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Enron Summery of Enron case The Enron scandal has far-reaching political and financial implications. In just 15 years‚ Enron grew from nowhere to be America’s seventh largest company‚ employing 21‚000 staff in more than 40 countries. But the firm’s success turned out to have involved an elaborate scam. Enron lied about its profits and stands accused of a range of shady dealings‚ including concealing debts so they didn’t show up in the company’s accounts. As the depth of the deception
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management of Enron including Kenneth Lay‚ Jeffrey Skilling and Andrew Fastow. These managers created a tone at the top of Enron that allowed and encouraged accounting that mislead investors. The audit team at Anderson and especially David Duncan the lead partner for Enron’s audit holds responsibility. Anderson was negligent in finding problematic accounting used by Enron. In addition‚ Anderson made millions on consulting services provide to Enron which makes their independence for Enron come into
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three necessary components of a successfully functioning and prosperous city‚ and bridges aid in fulfilling those needs. Bridges are generally used to connect two areas of land which are separated by water or another geographical feature. One particularly unique bridge is the Bayonne Bridge‚ which connects New Jersey to Staten Island‚ New York. The innovative construction which went into creating the Bayonne Bridge surpassed that of most others by incorporating advanced technology in order to serve
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Enron is a company that specializes in energy and power industry. They provide gas‚ oil‚ and electrical services worldwide. These comprise wholesale services‚ retail energy services‚ broadband services‚ and transportation services. They have reported revenues of $100.789billion‚ $40.112billion‚ and $31.260 billion for the years 2000‚ 1999‚ and 1998 respectively. This is a growth of 151.3% from year 1999 to 2000 and 28.3% from 1998 to 1999. This is unparalleled in the relatively stable energy business
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CHAPTER 1 INTRODUCTION The dominant characteristic of this new millennium is how computer and communication technologies have become dominant forces in our life. Activities as wide-ranging as film making‚ publishing‚ banking and education continue to undergo revolutionary changes as these technologies alter the ways in which we conduct our daily activities. The combination of computers‚ networks‚ and the complex human visual system‚ through computer graphics‚ has lead to new ways of displaying
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IBCCI’s Misgivings: Four major frauds explained in the Price Waterhouse report. 1. According to the Sandstorm Report‚ some $633 million of losses related to treasury trading. 2. Price Waterhouse had been doing its job‚ there’s no way that this $1 billion exposure [in BCCI’s Central Treasury] which was taken to $11 billion exposure in the course of 3 or 4 months [in 1985] could have happened. 3. All of BCCI’s serious treasury problems were related to the activities at Grand Cayman
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