Four years gone.
So long overdue.
Investopedia explains ‘Beneish Model’
The eight variables are:
1. DSRI – Days’ sales in receivable index
2. GMI – Gross margin index
3. AQI – Asset quality index
4. SGI – Sales growth index
5. DEPI – Depreciation index
6. SGAI – Sales and general and administrative expenses index
7. LVGI – Leverage index
8. TATA – Total accruals to total assets
Once calculated, the eight variables are combined together to achieve an M-Score for the company. An M-Score of less than -2.22 suggests that the company will not be a manipulator. An M-Score of greater than -2.22 signals that the company is likely to be a manipulator.
Are Wake County Court Superior Judges presiding over cases that should be heard in NC Business Court? Recently Wake County Court Superior Court Judge Ridgeway ruled against Newton’s law of physics in the Red Light Robber Case. See http://redlightrobber.com. Chief Justice Sarah Parker is supposed to address this issue per NCGS 7A-45.3:
§ 7A‑45.3. Superior court judges designated for complex business cases.
The Chief Justice may exercise the authority under rules of practice prescribed pursuant to G.S. 7A‑34 to designate one or more of the special superior court judges authorized by G.S. 7A‑45.1 to hear and decide complex business cases as prescribed by the rules of practice. Any judge so designated shall be known as a Business Court Judge and shall preside in the Business Court. If there is more than one business court judge, the Chief Justice may designate one of them as the Senior Business Court Judge. If there is no designation by the Chief Justice, the judge with the longest term of service on the court shall serve as Senior Business Court Judge until the Chief Justice makes an appointment to the position. (2005‑425, s. 1.1.)
Physicist Brian Cecerelli illustrated to Wake Court Judge Ridgeway that the Town of Cary’s red light traffic program was defective because the yellow lights were improperly calculated so that a driver could not stop safely in time. But Judge Ridgeway ruled against Newton’s Law of Physics:
“Judge Ridgeway said Cary had met its legal obligation under state law when it established a program using cameras to catch drivers running red lights. Even if it could be shown that state DOT engineers should have set longer yellow-light times at some intersections, Ridgeway said, there was no cause to make the town repay the $50 penalties collected from an estimated 9,500 drivers who were covered in the case.“The town of Cary is pleased with the judge’s ruling,” Lisa Glover, Cary’s assistant town attorney, said afterward.”
QUESTION: IF RIDGEWAY WAS ABLE TO UNDERSTAND, THAT AT SOME INTERSECTIONS, THERE SHOULD HAVE BEEN LONGER YELLOW LIGHT INTERVALS, THEN WHY DIDN’T HE IDENTIFY THE DEFECTIVE INTERSECTIONS AND AWARD REFUNDS TO VICTIMS OF THOSE INTERSECTIONS’S DEFECTIVE YELLOW LIGHTS?
Read more about the Red light robber fraud here: http://www.redlightrobber.com
“Traffic engineers systematically misapply a physics formula to yellow light durations. Engineers’ ignorance of what the formula means and their misapplication of the formula yield practices that violate physical laws of MOTION. The specific law they violate is the equation of motion “a = dv/dt.” The violation, “2a = dv/dt”, forces all drivers to habitually run red lights.” – WWW.REDLIGHTROBBER.COM
“If red light cameras worked as billed, then there would no continuous supply of money. But the money flows regularly.” -WWW.REDLIGHTROBBER.COM