...higher level of inflation in Thailand would most likely affect Blades in a positive manner. Generally, if a country’s inflation increases it drives the consumers and corporations of that country to buy more goods overseas, thus Blades’ sales should 2. Anticipated inflation favors Blades. If the inflation in Thailand increases both, the U.S. and Thailand firms would be forced to raise their prices in order to maintain the profit margin. Since Blades’ cost of goods sold in Thailand is relatively small, it should not be affected as much by the inflation. This means that Blades should not have to raise prices as much as the competitors, putting Blades in a favorable position. 3. Decreasing level of national income in Thailand would negatively impact Blades. Local consumers will have less money to spend. In addition, because Blades’ product is not a necessity but a leisure-product, the demand for it will drastically decrease. There is also a chance that the importer may terminate the future arrangements due to the poor 4. Continued depreciation in baht would negatively impact Blades because Blades invoices its product in this currency. Baht denominated revenue will consequently be converted in fewer U.S. dollars. However, the demand for Blades products might be positive in comparison to the U.S. competitors in Thailand. The U.S. competitors that export their roller-blades to Thailand invoice their products in the U.S. dollars. In order...
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...Blades Inc., a U.S. roller blades manufacturer, began exporting their product to Entertainment Products Inc., a Thailand company. Shortly after exportation began, Asia developed weak economic conditions. This resulted in an excess supply of the Baht. To combat this, the Thai government decided to trade in baht reserves for dollar reserves and invest them in the foreign exchange market. The Thai government participated in direct intervention. Direct intervention is a process that the government uses to change the amount of money supply within a country. The government can exchange their home currencies for foreign currencies and invest in the foreign exchange market. For example, if the Thai government wanted to force the baht to depreciate they would exchange the baht for another currency and invest that currency within the foreign exchange market. If they wanted the baht to appreciate they would exchange foreign currencies for the baht in the foreign exchange market. Because the Thai government exchanged the baht for foreign reserves, they were causing the baht to depreciate in value. There are two different types of direct intervention; sterilized and nonsterilized intervention. Nonsterilized intervention happens “when the Fed intervenes in the foreign exchange market without adjusting for the change in the money supply” (Madura, 2010). The end result of nonsterilized intervention is a change in the money supply. Sterilized intervention occurs when “the Fed intervenes in...
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...every business longs for expanding their business to other countries for further development, especially when the business within the country is facing many obstacles. For Blades Inc., the strategy of importing raw materials at cheap cost from Thailand and exporting roller blades to Thailand's market is viewed as a creative and useful idea in order to improve the unfavorable business condition of Blade in its host country, America. This policy suggested by Ben Holt, the company's CFO, is expected to likely bring significant benefits to the company and its shareholders. However, opportunities always come with challenges. The risks for international trade need to be carefully considered to ensure the effectiveness of the import from and export to Thailand. The advantages and disadvantages that Blade could gain from importing from and exporting to a foreign country such as Thailand will be presented in the following manners: a. Advantages Blade could gain from importing from and/or exporting to Thailand As a financial analyst for Blade, I suggest there are two advantages from exporting to and importing from Thailand's market: increasing domestic competitiveness, and sales and profits (Ashish, n.d.). This policy will increase domestic competitiveness, which can dramatically improve the competence level of Blade in the eyes of the opponents. The biggest benefit is clearly shown, as the company can import/export products from/to Thailand at a much lower cost. If the company can have...
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...Introduction In the present era, job satisfaction plays vital role in the organization’s managementand in the implementation of effective human resource development strategies. In view of this, the study attempts to identify the influence that rewards have on job satisfaction. Job satisfaction increases the degree of happiness in the workplace, which leads to a positive work approach. A lack of jobsatisfaction can lead to increased absenteeism and unnecessary turnover in the workplace(Locke, 1998). A satisfied worker is creative, flexible, innovative, and loyal, (Enotes, 2010). Employee’s job satisfaction has always been an important issue for managers. Since, satisfied employees tend to be more productive, creative and committed to its organization and work place therefore, work place environment must be able to attract, motivate and retain creative, committed and hardworking individuals, (Michelle, 2006). In different dimensions the rewards structure have strong relationship with job satisfaction (Clifford, 1998). Earlier Job rewards have been studied as set of the task itself, salary, promotions, behavior of supervisors and coworkers, cohesiveness of work groups, security, fringe benefits, and working environment (Locke &Gruenberg, 1995). The demographic variables are also very important while a study is being conducted on relationship of work rewards with job satisfaction. The importance of reward in the day-to-day performance of workers’ duties cannot...
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...Case: 1 BLADES, Inc. Case Question 1: How could a higher level of inflation in Thailand affects Blades (assume U.S. inflation remains constant)? Answer: Higher level of inflation in Thailand can affect Blades. Due to inflation in Thailand foreign goods will become cheap. Again inflation will increase in an increase of imports and at the same time exports will go down. As a result imports of rubber and plastic components from Thailand for Blades Inc. will suffer and it will increase their production cost. On the other hand due to inflation in Thailand customers will get products from Blades Inc. at a lower price relative to others, which will increase their (Blade Inc.) export to rise. Eventually their sales will increase. Question 2: How could competition from firms in Thailand and from U.S. firms conducting business in Thailand affects Blades? Answer: The main competitive advantage of Blade Inc. in this case is that they conduct their business (both export and imports) from Thailand in Thai Baht (Thailand’s currency). The other competitors who exports in Thailand invoice their exports in U.S. dollars. On the other hand because of competitive advantage of Blade Inc. allows importers to continue business without less consideration about paying different amounts due to currency fluctuations. In case of export Blade Inc. has an advantage of providing quality products and flexible pricing strategy, which gives them a good position in Thailand. Question 3: How could...
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...Blade Case Blades case: Decision to Expand Internationally 1. What are the advantages Blades could gain from importing from and/or exporting to a foreign country such as Thailand? The advantages Blades could gain from importing from and/or exporting to Thailand includes 1. Decrease their cost of goods sold, and increase Blades’ net income since rubber and plastic are cheaper when imported from a foreign country such as Thailand. 2, Allow Blades to explore the option of exporting to Thailand by building relationships with some local suppliers. As far as exporting is concerned, Blades could become the first firm to seller roller Blades in Thailand. 3, Diversify their investment by opening option to export to other countries beyond Thailand to ensure company sustainability. 2. What are some of the disadvantages Blades could face as a result of foreign trade in the short run? In the long run? The disadvantages Blades could face as a result of foreign trade in the short run are: 1. Exchange rate risk. Blades would be exposed to currency fluctuation in the Thai baht if importation cost increase without Thai suppliers adjusting their price. 2. International economic condition; if Thailand’s economy undergoes recession, Blades would suffer from sales decrease in Thailand. In the long run, Blades should be aware of the political risk involved in operating in Thailand, such as any regulatory changes or tax increase may impact on Blade’s subsidiary. 3. Which theories...
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...Introducción Para poder realizar una evaluación del riego país, primero debemos conocer al menos algunos antecedentes del país en estudio. Tailandia ha tenido una de las tasas de crecimiento más alta a nivel mundial por casi una década. De 1985 a 1996 ha presentado un promedio de 9% de crecimiento anual. Su moneda, el baht, alcanzó 25 por dólar justo antes de que comenzara la crisis financiera en Asia. Su economía se recuperó en 1999 debido a sus fuertes exportaciones que incluso aumentaron aún más en 2000. Tailandia es la segunda economía más fuerte en la región sudeste de Asia después de Indonesia. Ocupa también el cuarto lugar como nación más rica per cápita en dicha región antecedida por Singapur, Brunei y Malasia. Las exportaciones juegan un papel muy importante en la economía tailandesa. En el 2006 alcanzaron casi $124 billones, es decir casi un 60% de su PIB. Los Estados Unidos y Japón continúan siendo sus principales socios comerciales junto con China, Singapur, Hong Kong y Malasia. Las industrias más importantes incluyen automóviles y partes automotrices, servicios financieros, componentes electrónicos, turismo, muebles, textiles, agroindustria, bebidas y tabaco. Desde 2006, el sector de manufacturas contribuye con alrededor de un 45% a la economía de Tailandia. El país se está convirtiendo en el centro de la industria automotriz en la región de la Asociación de Países del Sudeste Asiático con aproximadamente 900.000 unidades fabricadas en 2004. Los dos principales...
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...Islamic banking and finance Submitted to: Sir Abubakar Siddique Submitted by: Atia Farooq Roll no: 4918 MBA 21(A) A sharia,h perspective of minimum account balance Requirement in Islamic banking Summary: This article describe sharia’h point of view weather its allow to Islamic banking to charge fee, cut profit and reduce free services when depositor have amount less the minimum requirement of amount in saving account and in current account. Conventional banks fix the minimum amount of saving account. Banks fix this amount to recover it service expenses. Mean amount of the interest (return on investment) must sufficient to recover its services expense. When depositor amount less the minimum requirement and due to which banks service charges increase as compare to interest then bank charge fee, or stop giving profit on saving account and also reduce providing free services. Some banks also have the same conditions for current banks but mostly not have such restrictions on current account, because banks not give any profit o current account so easily provide those free services. When saving account have amount less then minimum requirement bank convert these account in to current account and pay no profit on it. Bank also reduces the free services to savings account holder so When balance turn into zero then bank close the account of depositor. All banks whether conventional or Islamic suffer loss due to balance less...
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...Blades, Inc. Assessment of Economic Exposure Tom Gunia Benedictine University 1. How will Blades be negatively affected by the high level of inflation in Thailand if the Thai customer renews its commitment for another 3 years? Changes in exchange rates expose an MNC to currency risk. Inflation has a direct relation to exchange rates and these changes affect a firm’s competitiveness, increases or decreases sales revenue, affects the cost of goods sold, input prices, operating profits, market share, stock price, etc. all these are referred to as a firm’s economic exposure. According to the contract, Blades, Inc. USA sells 180,000 pairs of Blades speedos annually to the importer. As per the contract, Blades is selling the roller blades for 4594 Baht which is approximately $100 at current exchange rates. But the usual price is $120. Stipulating that the contract is renewed for another three years, Blades Inc. will have to sell the roller blades as 4594 Baht or $100. This means that the high level of inflation in Thailand will have no impact on the cash inflow from that subsidiary. Blades, Inc. also purchases some supplies from Thailand. Therefore the cost of goods sold incurred in Thailand will be subject to the high level of inflation. This signifies that the cash outflow will increase for Thailand. Also, the inflation will have some effect on the Thai Baht, further depreciating its value. This will reduce the dollars received from Baht denominated sales...
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...STEPS TO ACCESS ORACLE SERVER AND CERTAIN BASIC QUERIES (Note: To access the oracle server, sometimes it is required to create a cspc1 account. If the username and password step described below doesn’t work then create a cspc1 account from university website at http://cs.uwindsor.ca/password and use those credentials in the steps described below.) 1. First, download “bitvise ssh client” from the university website on your local machine. This is a secure shell required to connect to the oracle server. A link to download this ssh is as follows: bitvise download. 2. Once this SSH is downloaded, connect to the server using the following credentials: Hostname: cs.uwindsor.ca Username: enter your unique username (same as that of university website) Password: enter your unique password (same as that of university website)Port number: usually it is 22. 3. After step 2, you will observe that on connecting to the server, a new terminal window appears on the screen along with the ssh. 4. On this terminal window, which opens with your account information, type in “sqlplus”. 5. Again, the system will ask you for your username and password credentials. Please enter the same. 6. On entering your credentials on the terminal window you will see that you have finally connected to the server and can now try working with all the possible queries you need which are illustrated below. Now, let us work with tables after we get access to the database server...
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...manager and foreman saying the machine was maintained satisfactorily, who takes responsibility to an unfortunate injury? The table saw is one of the most commonly seen and used tools in the power-tool industry. These tools are dangerous enough to have their own specialized accident litigators. The Consumer Product Safety Commission estimates that “there is an average of about 10 finger amputations a day just from table saws used by consumers” (O’Donnell, 2011). These accidents account for about 67,000 recorded injuries every year and costing an approximate 2.1 billion in medical expenses yearly. The current safety technology on saw blades includes a plastic cover for the blade that is designed to protect users from rotating blade; this plastic cover has proven to be ineffective. Although most injuries occur when consumers come into contact with the blade, these consumers remove the...
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...Homework 8 Page 252 1) Yes! The foreign exchange are not appropriate, it is possible to complete local arbitrage. It would be profitable if you purchased Thai baht from Minzu bank at the asking price of $.0227 and sold it to Sobat bank at $.0228. The profit would be $441.00 for local arbitrage. • Purchase $100,000 worth of Baht at $.027 from Minzu Bank at the ask rate = 100,000/.0227= $4,405,286 Bahts • Sell 4,405,286 Bahts to Sobat bank at the Bid rate at $.0228= $100,441.00 • Holt used $100,000 and after transaction received $100,441 so profit from this arbitrage is $441.00 2) Yes! The cross exchange rate between the Thai baht and Japanese yen are not appropriate. Using Triangular arbitrage accounting for the bid and ask spread Holt would be purchasing Thai baht with US dollars, then purchasing Japanese yen with the Thai Baht, and using Yen to Rebuy US dollars. Your profit would be $727.00 US dollars. • Purchase $100,000 worth of Thai Bahts from Minzu bank at the ask price of $.0227= 100,000/.0227= $4,405,286 Bahts • Purchase Yen at the rate $2.69 per Baht using the $4,405,286 Thai Bahts= $4,405,286*$2.69= $11,850,219 Yen • Convert $11,850,219 yens to US dollars at the bid rate of $.0085= $11,850,219*.0085= $100,727 US Dollars • Finally $100,727-$100,000= $727 profit of US dollars after completing triangular arbitrage. 3) Yes! Covered arbitrage is possible because the forward price rate is not appropriate. By converting $100,000 to Thai bat’s and depositing...
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...Assignment 2 Blades, Inc. Case 1. One point of concern for you is that there is a trade-off between the higher interest rates in Thailand and the delayed conversion of baht into dollars. Explain what this means. ANSWER: If the net baht-denominated cash flows are converted into dollars today, Blades will not be obligated to depreciation in the future; in the end, there would be a decrease in the dollar cash flows and a depreciation of the baht. 2. If the net baht received from the Thailand operation are invested in Thailand, how will U.S. operations be affected? ANSWER: Essentially, Blades, Inc. will need to borrow additional funds in the United States due to the fact that in Thailand, the cash flow is used to support the U.S. operations. In order to do so, the funds will need to be at a 10 percent interest rate. Therefore, if the baht depreciates 10 percent over the next year, investments in Thai will yield 5 percent. This would then mean that the company would need to pay 10 percent interest on the funds that would be borrowed in the U.S. The baht, though, should be converted into dollars in order to be used in the United States. This will ultimately ensure that the people in Thailand will have a better-expected idea of the interest expenses. 3. Under the first plan, net baht-dominated cash flows (received today) will be invested in Thailand at 15 percent for a 1-year period, after which the bath will be converted to dollars… Does Holt’s plan seem superior...
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...Classification by type of points | | All types of scissors can have blunt or sharp blades (A: Sharp:Sharp, B: Blunt:Blunt). | | | All types can have either straight or curved blades. | Mayo and Metzenbaum | | Mayo scissors (B) are used for cutting heavy fascia and sutures. | | | Metzenbaum scissors (A) are more delicate than Mayo scissors. | | | Metzenbaum scissors are used to cut delicate tissues. | | | Metzenbaum scissors have a longer handle to blade ratio. | Rat Tooth: A Tissue Forceps | | Interdigitating teeth hold tissue without slipping. | | | Used to hold skin/dense tissue. | Adson Tissue Forceps | | Small serrated teeth on edge of tips. The Adsons tissue forceps has delicate serrated tips designed for light, careful handling of tissue. | Intestinal Tissue Forceps: Hinged (locking) forceps used for grasping and holding tissue. Allis: An Intestinal Tissue Forceps | | Interdigitating short teeth to grasp and hold bowel or tissue. Slightly traumatic, use to hold intestine, fascia and skin. | Babcock: An Intestinal Tissue Forceps | | More delicate that Allis, less directly traumatic. Broad, flared ends with smooth tips.Used to atraumatically hold viscera (bowel and bladder). | Sponge Forceps | | Sponge forceps can be straight or curved. | | | Sponge forceps can have smooth or serrated jaws. | | | Used to atraumatically hold viscera (bowel and bladder). | Hemostatic forceps: Hinged (locking) Forceps...
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...a badge and allow you entrance into my castle I look forward to meeting you. Honorably. Sir Azer Avilius “Must be at least five thousand septims in here” said the boss “Pretty good find eh, boss” said the one who found it. “Yes it was, we’re leaving, Ognolf, let’s go,” the boss called to the man he left at the corpses. He got no response, he turned back and saw Ognolf was dead, a young redguard man stood over his corpse, his two curved blades drawn and bloody, his clothing was simple cloth pants and vest, with leather bracers and a leather belt, and dirty gray cloth covered the bottom half of his face. “What the?” said one of the bandits, the man stood over Ognolf silent then he turned his gaze at the three of them. “Is this what you’ve become Layne, a simple bandit?” said the man, his question was directed at the leader of the bandits. “Layne?” said the bandit wielding the bow, it was drawn and ready “It doesn’t matter kill him” said the boss. “Look at his clothes, he’s a student from the Valley of Blades,” said the dunmeri bandit The student wore the Valley school’s basic uniform, it was light and breathable for training, barely suitable for the winter, and not at all suitable for open warfare. The mask covering his face was less a mask and more of a conveniently placed rag. The archer loosed an arrow at the student, He dodged it effortlessly. “A student, eh, time for a lesson” said the dunmer bandit, he drew his sword and charged, running past his boss...
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