...Alternative 1 – Acquiring SSI The second alternative under consideration by ASFC Ltd is acquiring SSI Ltd. This alternative is very profitable (see Exhibit # X) and meets one of the two constraints mandated. The pros and cons are listed below in Table # X. Table 1: Pros/Cons of Acquiring SSI Pros | Cons | * SSI has strong growth aspects * SSI has a strong presence in Western Canada and could help improve ASFC’s presence * Nicole Gagnon, VP of Sales supports the purchase of SSI Inc. * Choosing to acquire SSI has a positive NPV and reaches the revenue growth goal by doubling revenue by 2014 * Comes with profitable line of Petsnax * Allows ASFC to enter into the premium snack market with SSI growing by 10% annually, this will allow further penetration of market | * SSI’s employees have expressed concerns with the move * There are cultural differences between SSI and ASFC * Has not reached the margin goal (see exhibit X) * Petsnax is not a usual offering of ASFC and Jeff Karpenko would like to sell it * SSI’s head office is in Edmonton, whereas ASFC’s is in Toronto – would require a move and unhappy employees | Exhibit X - Acquisition of SSI Acquisition Costs | $ (8,500,000.00) | Initial Investment Cost1 | $ (31,638,022.67) | PV of Synergistic Savings2 | $ 3,616,200.00 | PV of Future Cash Flows3 | $ 39,426,739.41 | Initial Costs of Integration | $ (4,500,000.00) | Sales of Assets | $ 3,000,000...
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...net sales are in excess of US$1 billion, and ALL STAR’s shares are traded publicly on the New York Stock Exchange. In Canada, ALL STAR operates through its wholly owned subsidiary, ALL STAR Foods Canada Ltd. (ASFC or the Company). ASFC has facilities located across Canada and sales in excess of CDN$150 million. Its head office is located in Toronto, Ontario. Over the past several years, ASFC’s sales have grown slowly and its financial results have been relatively weak. Consequently, ALL STAR initiated a major restructuring of ASFC at the beginning of 2010. This resulted in the replacement of almost all the senior management staff. Bruce Tate, a senior manager in ALL STAR’s operations in the United States, was appointed President of ASFC. His mandate was to double the size of the Canadian operations and to generate a pre-tax profit margin in excess of 10% within a period of five years. Management Team and Responsibilities By December 2010, Bruce and all six vice-presidents of ASFC were relatively new to the Company. An organizational chart for ASFC is presented as Appendix A. Background information on the members of the management team is presented below, together with the responsibilities of each position. Bruce Tate, President: Bruce Tate was made President of ASFC in the course of the restructuring efforts in 2010. Immediately prior to that time, he was the senior manager of ALL STAR’s © 2014 The Society of Management Accountants of Canada. All rights reserved....
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...BTEC National Certificate in Business Management Unit 18 – Managing a Business Event Assignment 1 (P1 & M1): - Role of an event organiser / Organisational and legal requirements You are part of the ASFC student council. The council wants to organise an event for the students and you have been asked to research how events are run by other organisations. You must present your findings in a report format, which needs to be addressed to the Principle. You should structure your report as outlined below in tasks 1 and 2. This assignment assesses: P1 Describe the role and skills required of an event organiser. M1 Assess the importance of meeting organisational and legal requirements when planning a business event Signed (IV) ___________________________________________ Print name ___________________________________________ |P1 | | | |Based on the visit to JD Williams in Manchester and the presentation by their Event Organiser, you need to describe the| | |role of an Event Organiser. | | | | | |Task 1 - In your report include the following: ...
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...Explain the process for how an Act of Parliament is made staring with the green paper through to the Royal assent The Pre-Legislative Process Before a Bill is drafted, the government that's involved in the proposal changes to the law may issue a consultation paper known as the Green Paper, that basically sets out the proposals for a new law. And the interested parties are invited to comment on the proposals. These comments are then considered by the government. Any necessary changes are then set out and confirmed on the White Paper. After consultation is complete highly skilled lawyers called Parliamentary Draftsmen will draft the proposals into a Bill. This is called drafting. They aim to make sure that the proposed law is worded exactly to give the intended result, even though sometimes they are not always successful. Any ambiguous or misleading wording can lead to problems in the future. Legislative Process In order for a Bill to become an Act of Parliament it must pass through a number of stages in both the House of Commons and House of Lords and must receive the Royal Assent. (Most bills will start in the house of commons). 1. First Reading This takes place when the title of a Bill is read out to the house. It is a formal procedure. No debate takes place, although there will be a vote on whether the house wishes to consider the Bill further. This Bill can be verbal with the speaker asking members of the house to shout ''aye'' or ''no''. However if the vote...
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