...Case Study 1 - Documentary Credit M/S Auto India Introduction M/S Auto India is a public limited company; they manufacture SUVs (sports utility Vehicle), in technical collaboration with General Motors of USA. The company has established their manufacturing base at Ranjangaon in Pune. They have acquired an area of 250 acres and the total project cost is estimated at Rs 1500 crores. As per the projections, the company is slated to achieve a 25% market share in the Indian market, within a period of two years. Out of the total project cost, 49% is brought in by General Motors and the rest is tied up with financial institutions, international banks and Indian banks. The working capital is financed by a consortium of banks in which Global bank, Pune branch, is the leader. The company imports many parts of the car engine in a CKD (completely knocked down) condition from General Motors, Detroit, after establishing import letters of credit through its main bankers, Global Bank, Pune Branch. M/S Auto India approached Global Bank, Pune for opening of import letter of credit as per UCP ICC 600 for USD 100,000, on sight basis, in favour of General Motors, Detroit. Type of credit - Irrevocable negotiable Application - UCP ICC 600 Applicant - M/S Auto India, Pune, India Beneficiary - M/S General Motors, Detroit, USA. Issuing Bank - Global Bank, Pune, India Advising Bank - The American Bank, New York Negotiating Bank - The American Bank, New York Reimbursing Bank - International Bank, New York...
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...Analysis of Case Studies Titled: TGIF & What’s Your Culture Worth? Shenae Adams 0704671 Tutor: Myrtle Weir BBA4 – HRM (D) University of Technology, Jamaica April 11, 2011 Summary of Case: TGIF The case titled ‘TGIF’ speaks to a weekly beer bust held at Quantum’s Seattle Headquarters. The company, which was founded three (3) years ago by Stan Albright and Erin Barber, hosts these beer busts to allow the employees to relax as a reward for their extra efforts. Quantum has grown to more than 200 employees and $95 million in sales over the past three (3) years. Bill Carter, the company’s corporate attorney, on attending one of the weekly beer busts received good reviews about working at Quantum. After a work day of 16 hours, six (6) days a week, the beer bust held every Friday afternoon seemed to be keeping employee morale at an enthusiastic level. However, Bill Carter had some reservations or concerns about serving alcohol at a company sponsored party especially after observing a new employee’s behavior at the party after he had lost his balance and fell on the snack table. He believed that the beer bust parties were getting out of hand and could possibly result in an exposure to liability. There is now a dilemma between wanting to keep the team spirit and at the same time reduce Quantum’s liability exposure. Review of the Case The case, TGIF, presents an organization, Quantum Software that though it was founded three (3) years ago has managed to set for...
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...SAMPLE CASE STUDIES – International Business Case Study 1 - Documentary Credit M/S Auto India Introduction M/S Auto India is a public limited company; they manufacture SUVs (sports utility vehicle), in technical collaboration with General Motors of USA. The company has established their manufacturing base at Ranjangaon in Pune. They have acquired an area of 250 acres and the total project cost is estimated at Rs 1500 crores. As per the projections, the company is slated to achieve a 25% market share in the Indian market, within a period of two years. Out of the total project cost, 49% is brought in by General Motors and the rest is tied up with financial institutions, international banks and Indian banks. The working capital is financed by a consortium of banks in which Global bank, Pune branch, is the leader. The company imports many parts of the car engine in a CKD (completely knocked down) condition from General Motors, Detroit, after establishing import letters of credit through its main bankers, Global Bank, Pune Branch. M/S Auto India approached Global Bank, Pune for opening of import letter of credit as per UCP ICC 600 for USD 100,000, on sight basis, in favour of General Motors, Detroit. Type of credit Application Applicant Beneficiary Issuing Bank Advising Bank Negotiating Bank Reimbursing Bank Availability Expiry Amount Merchandise Quantity and price - Irrevocable negotiable - UCP ICC 600 - M/S Auto India, Pune, India - M/S General Motors, Detroit, USA - Global Bank...
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...Summary of Case: TGIF The case titled ‘TGIF’ speaks to a weekly beer bust held at Quantum’s Seattle Headquarters. The company, which was founded three (3) years ago by Stan Albright and Erin Barber, hosts these beer busts to allow the employees to relax as a reward for their extra efforts. Quantum has grown to more than 200 employees and $95 million in sales over the past three (3) years. Bill Carter, the company’s corporate attorney, on attending one of the weekly beer busts received good reviews about working at Quantum. After a work day of 16 hours, six (6) days a week, the beer bust held every Friday afternoon seemed to be keeping employee morale at an enthusiastic level. However, Bill Carter had some reservations or concerns about serving alcohol at a company sponsored party especially after observing a new employee’s behavior at the party after he had lost his balance and fell on the snack table. He believed that the beer bust parties were getting out of hand and could possibly result in an exposure to liability. There is now a dilemma between wanting to keep the team spirit and at the same time reduce Quantum’s liability exposure. Review of the Case The case, TGIF, presents an organization, Quantum Software that though it was founded three (3) years ago has managed to set for itself an organizational culture that can majorly be described as fun, relaxed and amicable yet hard-working. Organizational culture, according to Robbins & Barnwell (2002), is the pattern...
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...SAMPLE CASE STUDIES – International Business Case Study 1 - Documentary Credit M/S Auto India Introduction M/S Auto India is a public limited company; they manufacture SUVs (sports utility vehicle), in technical collaboration with General Motors of USA. The company has established their manufacturing base at Ranjangaon in Pune. They have acquired an area of 250 acres and the total project cost is estimated at Rs 1500 crores. As per the projections, the company is slated to achieve a 25% market share in the Indian market, within a period of two years. Out of the total project cost, 49% is brought in by General Motors and the rest is tied up with financial institutions, international banks and Indian banks. The working capital is financed by a consortium of banks in which Global bank, Pune branch, is the leader. The company imports many parts of the car engine in a CKD (completely knocked down) condition from General Motors, Detroit, after establishing import letters of credit through its main bankers, Global Bank, Pune Branch. M/S Auto India approached Global Bank, Pune for opening of import letter of credit as per UCP ICC 600 for USD 100,000, on sight basis, in favour of General Motors, Detroit. Type of credit Application Applicant Beneficiary Issuing Bank Advising Bank Negotiating Bank Reimbursing Bank Availability Expiry Amount Merchandise Quantity and price - Irrevocable negotiable - UCP ICC 600 - M/S Auto India, Pune, India - M/S General Motors, Detroit, USA - Global Bank...
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...French and Indian War and the American Revolution Four Connections of the French and Indian War with the American Revolutions 1. No appreciation of colonial effort 2. Mutual dislike 3. Absence of French and Spanish attack 4. British troops remain (peace keeping) Royal Proclamation of 1763- divide French and Indians, colonists are not allowed to cross it Huge war debt after the French and Indian War Resurgence of Imperialism 1. The Sugar Act (1764) stipulated that if Americans purchased non-English sugar (especially Dutch), you would have to pay an extra tax (resemblance to the Navigation Acts) 2. The Stamp Act (1765) an act that required you to place a stamp on any type you purchased paper, or fill out a form, marriage license, etc. you would have to purchase stamps psychological- visible reminder that they were colonists George Grenville- pushed for the Stamp Act Three Types of Responses to the Stamp Act 1. Emotional a. Sons of Liberty 2. Political (Constitutional) a. Stamp Act Congress (first unified Congress among colonists) 9 of 13 colonies meet in New York b. Virtual Representation c. Declaration of Rights and Grievances “virtual representation we do not accept” 3. Economic a. Non-importation movement (stop buying British goods) b. Daughters of Liberty (filling the gap of things that do not come in) Stamp Act Repealed (1766) Declaratory Act (1766) (passed on the same day as the Stamp Act Repeal) (Parliament has the right to “bind...
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...Bill French Case 16-3 Introduction French, a staff accountant who was hired six months was well aware of his capabilities and took advantage of every opportunity that arose to try to educate those around him. Then, he was requested permission to make a presentation of some break-even data. The Duo-Products Corporation had not been making use of this type of analysis in its planning or review procedures. What French had done was to determine the level at which the company must operate in order to break even. He uses information given in past accounting records to construct his break even analysis without take into consideration with other department about the company operation. As per Bill French: “The company must be able at least to sell a sufficient volume of goods so that it will cover all the variable costs of producing and selling the goods. Further, it will not make a profit unless it covers the fixed cost as well. The level of operation at which total costs are just covered is the break-even volume. This should be the lower limit in all our planning.” Question 1 What are the assumptions implicit in Bill French’s determination of his company’s break-even point? 1. There was only one break-even point for the firm whether product by product or in total (he taking average of 3 products). Refer to the table below. | A | B | C | Aggregate | Sales at full capacity (units) | | | | 2,000,000 | Sales Volume (units) | 600 000 | 400 000 | 500 000 | 1 500 000...
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...ACCOUNTING 525: MANAGERIAL ACCOUNTING Winter Quarter 2003 INSTRUCTOR: Professor D. L. Jensen 428 Fisher Hall 292-2529 at office (Please leave recorded message; if I'm not in, I'll return your call.) jensen.7@osu.edu (I check my e-mail several times daily and will respond ASAP) OFFICE HOURS: By appointment or chance STUDENT ASSISTANT: Ms. Yun Jin (jin.81@osu.edu) REQUIRED TEXT AND SUPPLEMENTARY MATERIALS: Horngren, Foster and Datar, Cost Accounting: A Managerial Emphasis, 11th edition, Prentice-Hall, 2003 (abbreviated H) (ISBN 0-13-064815-9) Supplementary materials (abbreviated [S]) are sold in a package by CopEz (Tuttle Store). Some supplementary items may be distributed in class or made available on the Internet. COURSE OBJECTIVES: The objectives of this course are to develop your understanding and critical facility in the application of measurement and analytical constructs employed in management accounting and your understanding of the organizational context of management accounting. COURSE METHOD: The course is organized around a textbook, supplementary materials, lectures, and in-class exercises and discussion. Written assignments include homework problems, in-class quizzes, and examinations. HOMEWORK PROBLEMS Assigned homework problems should be prepared prior to the class for which they are assigned; most homework will be discussed during that class, and students are encouraged to annotate their homework papers during class. Homework will be collected...
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...people decide who will gain their precious votes. A central issue that evolved became the problem of illegal immigration as it pertains to the United States border and more exclusively, the border of Mexico. The issue at hand is the problem of too many Mexican immigrants crossing over the United States border illegally. Immigration has been at the forefront of American politics for some time now. The issue is not only of recent concern, but of past concern as well. For most of the United States’ history, illegal immigrants have continually crossed the border into the United States. The branches of government involved in this situation is most likely all three of them. The judicial branch has no direct connection as of yet, but a court case can be seen in the future having to deal with this issue of illegal immigration. The executive and legislative branches are most directly involved by dealing with the creating of new legislation and executing it. The legislative branch has passed the necessary laws needed to deal with the illegal immigration issue such as the 700 mile fence across the border of the US and Mexico. The public officials involved with illegal immigration are numerous. The President all the way down to the small city officials cope and strategize about this issue. Cities and state official deal with the presence of illegal immigrants on a closer level, especially a major border state like Arizona and Texas. All congressmen and Whitehouse officials are connected...
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...Case 16-3: Bill French Note: This case is unchanged from the Eleventh Edition. Approach This case requires quite a few calculations, but it is a good case for introducing students to the uses and limitations of break-even analysis. It can be used to discuss many of the hidden assumptions involved in such an approach. Some instructors also find it a good vehicle for discussing some of the human problems arising when a young, well-educated person begins working in a business. Finally, at The University of Michigan we have found it useful to defer this case until Chapter 26, when we teach several cases on linear programming: Bill French can be used as an introductory case to raise the issue of what product mix is optimal given resource and/or sales volume constraints. Comments on Questions Question 1 There is undoubtedly a long list of assumptions that can be related to this, or any, break-even analysis. Part of the problem of dealing with analyses of this sort is that they take on the characteristic of being static even though the form of presentation might lead one to believe that here is a moving, dynamic analysis that allows for a variety of changed conditions. To an extent this is true; but there are many conditions that are assumed to be constant. It is to the assumed constants that the students must ultimately direct their attention. For instance: 1. French has had to assume that the variability of the variable costs is constant. French has thus assumed a relatively constant...
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...The Indefinite Detention of Peoples Suspect of Involvement in Terrorism Ryan D. Fischer Centennial High School Abstract In the latter parts of December 2011, the United States legislature passed the National Defense Authorization Act for Fiscal Year 2012 as a means of dictating the specific authorities and funding methods for the current fiscal year. Sections 1021 and 1022 of the act serve to further government authority with regard to the detaining and subsequent trial of those suspected of terrorism or related activities. While the aforementioned sections have not yet been abused at the hands of the state and are, in fact, largely effective in their ends, it stands a gross overstepping of government authority and disrupts the delicate balance between civil liberties and national security. Sections 1021 and 1022 of the National Defense Authorization Act for Fiscal Year 2012 should thus be writ null and void so as to best preserve the freedoms and rights granted to each person, domestic or foreign. Policy Identification The National Defense Authorization Act for Fiscal Year 2012 (HR 1540) Title X Subsection D Sections 1021 and 1022 serves “to authorize appropriations for fiscal year 2012 for military activities of the Department of Defense, for military construction, and for defense activities of the Department of Energy, to prescribe military personnel strengths for such fiscal year, and for other purposes…[specifically with regard to the...
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...dice. If Mary scores 10 in her attempt what is the probability that Joe will outscore Mary in his? A. 24/64 B. 32/64 C. 36/64 D. 40/64 E. 42/64 Expected value of a roll of one dice is 1/6(1+2+3+4+5+6)=3.5. Expected value of three dices is 3*3.5=10.5. Mary scored 10 so the probability to have more then 10, or more then average is the same as to have less than average=1/2. P=1/2. Answer: B. Discussed at: http://gmatclub.com/forum/mother-mary-comes-to-me-86407.html 2. Denise is trying to open a safe whose combination she does not know. IF the safe has 4000 possible combinations, and she can try 75 different possibilities, what is the probability that she does not pick the one correct combination. A. 1 B. 159/160 C. 157/160 D. 3/160 E. 0 When trying the first time the probability Denise doesn't pick the correct combination=3999/4000 Second time, as the total number of possible combinations reduced by one, not picking the right one would be 3998/3999. Third time 3997/3998 ... And the same 75 times. So we get: [pic] every denominator but the first will cancel out and every nominator but the last will cancel out as well. We'll get 3925/4000=157/160. Answer: C. Discussed at: http://gmatclub.com/forum/4000-possible-combination-84435.html 3. A box contains 10 pairs of shoes (20 shoes in total). If two shoes are selected at random, what it is the probability that they are matching shoes? A. 1/190 B. 1/20 C. 1/19 D. 1/10 E. 1/9 The...
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...English and French Cuisine Tony McDermott University of Northern Iowa April 18th, 2014 English Food Background English cuisine consists of the cooking styles, traditions and recipes that have their origins in England and surrounding countries. Many of the ingredients and ideas were imported from places such as China, North America, and India during the British Empire as a result immigration after the war (“Ploughman’s Lunch- Icons of England”, 2007). English food was historically characterized by its simplicity and reliance on high quality of natural produce during the Early Modern Period. Many of the qualities taken from this era can still be found in modern recipes for bread, cheese, roasted and stewed meats, meat and game pies, broths and boiled vegetables, and freshwater and saltwater fish. (“Ploughman’s Lunch- Icons of England”, 2007) Other now famous meals, such as fish and chips, were once street food sold by vendors to pedestrians on the street. England has now adopted new cuisines like curries from India and Bangladesh, and stir-fries from China and Thailand. Along with these foreign foods, French and Italian dishes are also now popular among English inhabitants. Britain also took to the fast food trend brought about from the United States. England continues to absorb culinary ideas from around the world while still keeping to their roots of natural produce and agriculture. English Breakfast On an average day a typical English person might begin the day...
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...Chapter 7: The Road to Revolution * The Deep Roots of Revolution * Two ideas taken root in the minds of murican colonists (18th century) * REPUBLICANISM : defined a just society as one in which all citizens willingly subordinated their private, selfish interests to the common good * Both stability of society and authority of government depended on virtue of citizenry (its capacity for selflessness, self-sufficiency, and courage, especially its appetite for civic involvement * Opposed to hierarchical and authoritarian institutions such as aristocracy and monarchy * “RADICAL WHIGS”: British political commentators * Feared threat to liberty posed by the arbitrary power of the monarch and his ministers relative to elected representatives in parliament * Mounted attacks on use of patronage and bribes by king’s ministers * Symptoms of wider moral failure in society - “corruption” * Dukes and princes = unknown in colonies * Property ownership and political participations were relatively widespread * Murices unmolested by remote officials in London * Distance weakens authority * Mercantilism and Colonial Grievances * British authority embraced theory - MERCANTILISM * Justified their control over colonies * Mercantilists believed that wealth = power and country’s economic wealth could be measured by amount of gold or silver, a country needed to export more...
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... They operate in different political environments. They worship different gods (each capitalizes “God” in the home religion and uses a lower case “god” for foreign religions!). They come form cultures that have different standards for honoring obligations to other persons and different ways to settle disputes. They both know that if they default on an obligation, the other party will have a hard time catching up to seek redress. Although it might be too harsh to say they don’t trust one another, each has perfectly valid reasons for being very cautious in dealing with the other. Because of the distance between the two, it is not possible to simultaneously hand over goods with one hand and accept payment with the other. 2. Basic documents of trade. What are the three basic documents used in trade with unrelated parties? The fundamental dilemma of being unwilling to trust a stranger in a foreign land is solved by using a highly respected bank as intermediary. A greatly simplified view is described in Exhibit 23.3. In this simplified view, the importer obtains the bank’s promise to pay on its behalf, knowing that the exporter will trust the bank. The bank’s promise to pay is called a letter of credit. The exporter ships the merchandise to the importer’s country. Title to the merchandise is given to the bank on a document called an order bill of lading. The exporter ask the bank to pay for the...
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