...Yu, Wantao (2011) Operations strategy, business environment, operations resources and performance: an empirical study of retail firms in China. PhD thesis, University of Nottingham. Access from the University of Nottingham repository: http://eprints.nottingham.ac.uk/14191/1/546558.pdf Copyright and reuse: The Nottingham ePrints service makes this work by researchers of the University of Nottingham available open access under the following conditions. · Copyright and all moral rights to the version of the paper presented here belong to the individual author(s) and/or other copyright owners. · To the extent reasonable and practicable the material made available in Nottingham ePrints has been checked for eligibility before being made available. · Copies of full items can be used for personal research or study, educational, or notfor-profit purposes without prior permission or charge provided that the authors, title and full bibliographic details are credited, a hyperlink and/or URL is given for the original metadata page and the content is not changed in any way. · Quotations or similar reproductions must be sufficiently acknowledged. Please see our full end user licence at: http://eprints.nottingham.ac.uk/end_user_agreement.pdf A note on versions: The version presented here may differ from the published version or from the version of record. If you wish to cite this item you are advised to consult the publisher’s version. Please see the...
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...1. Calculate the ratios for S&S Air that are shown from the industry. | Light Airplane Industry Ratios | S&S Air Ratios | | Lower Quartile | Median | Upper quartile | | Current ratio | 0,5 | 1,43 | 1,89 | 1,45 | Quick ratio | 0,64 | 0,84 | 1,05 | 0,88 | Cash ratio | 0,08 | 0,21 | 0,39 | 0,169 | Total asset turnover | 0,68 | 0,85 | 1,28 | 1,30 | Inventory turnover | 4,89 | 6,15 | 10,89 | 12,10 | Receivables turnover | 6,27 | 9,82 | 11,51 | 13,08 | Total debt ratio | 0,31 | 0,52 | 0,61 | 0,39 | Debt-equity ratio | 0,58 | 1,08 | 1,56 | 0,63 | Equity multiplier | 1,58 | 2,08 | 2,56 | 1,63 | Times interest earned (TIE) | 5,18 | 8,06 | 9,83 | 5,63 | Cash coverage ratio | 5,84 | 8,43 | 10,27 | 7,44 | Profit margin | 4,05% | 5,15% | 6,47% | 5,01% | Return on assets (ROA) | 6,05% | 10,53% | 13,21% | 6,51% | Return on equity (ROE) | 9,93% | 16,54% | 26,15% | 10,62% | 2. Mark and Todd agree that a ratio analysis can provide a measure of the company’s performance. They have chosen Boeing as an aspirant company. Would you choose Boeing as an aspirant company? Why or why not? 3.Compare the performance of S&S Air to the industry. For each ratio, comment on why it might be viewed as positive or negative relative to the industry. Suppose you create an inventory ratio calculated by inventory divided by current liabilities. How do you think S&S Air’s ratio would compare to the industry average? a) Current ratio: This ratio is positive...
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...Corporate Taxation | Case Study Analysis | Section 37: General Deductions | By | K Srilekha MBA | | I. FACTS: The assessee company who carried on the business of manufacture of silk was a member of Indian Silk Mills Association. The members entered into a working time agreement to restrict the working hours of the looms to 42 hours per week, so that over-production could be avoided. But, the members could transfer these loom hours amongst themselves. The assessee purchased loom hours from two members for a consideration of Rs 20 lakhs for a period of 6 months. The assessee claimed deduction of Rs. 20 lakhs as business expenditure, under section 37(1) of Income Tax Act. Is the claim justified? II. ANALYSIS OF FACTS: Each member of the association was manufacturing less than what it could have, if it was working full time. The members agreed to such an agreement as otherwise there would have been over-production of silk. The loom hours could be traded for, if you had an excess of them. Loom hours are the number of hours that you work your looms (mills) for. Section 37 speaks about ‘General Deductions’: Any expenditure not specifically covered by sections 30 to 36 is deductible under section 37, if the following conditions are satisfied: a) It should be in respect of business carried on by the assessee b) It should have been laid out or expended wholly or exclusively for the purpose of business c) It must have been incurred in the previous...
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...1.a. How are the tradeoffs between in-house production and outsourcing? In Mattel´s case the tradeoffs between in-house production and outsourcing are: Advantages of Outsourcing (= Disadvantages of In –house production) | Disadvantages of Outsourcing (= Advantages of In –house production) | 1. Low wages and strategic location of the supplier will translate into low prices. Mattel can receive benefits of having as its supplier a company that is located in a country were the wages are low, as this lower production costs will be translated into the final price of the product.In 1988 based on the McKinsey´s study, Mattel created its Vendors Operation Asia (VOA) that consisted of “about 35 suppliers who offered not only low labor costs but also skills and expertise in building relationships with local Chinese government officials and cutting through the Chinese government bureaucracy (…) in 1997, VOA´s manufacturing activities accounted for about 25% of Mattel´s revenues”.Also, if the supplier company is located in an industry cluster like the toy manufacturing industry in Guangdong, where the physical proximity of suppliers and buyers, the possibility to have inventories Just-in-time, easy finding of trained labor force, among others, will help to reduce costs of production of the outside vendors.Mattel had a special strategy to locate its manufacturing plants, as it owned and operated 10 worldwide, 5 located in China, and the other were in Indonesia, Malasya, Thailand and Mexico...
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...tudyMini-case Study: Nike’s “Just Do It” Advertising Campaign According to Nike company lore, one of the most famous and easily recognized slogans in advertising history was coined at a 1988 meeting of Nike’s ad agency Wieden and Kennedy and a group of Nike employees. Dan Weiden, speaking admiringly of Nike’s can-do attitude, reportedly said, “You Nike guys, you just do it.” The rest, as they say, is (advertising) history. After stumbling badly against archrival Reebok in the 1980s, Nike rose about as high and fast in the ‘90s as any company can. It took on a new religion of brand consciousness and broke advertising sound barriers with its indelible Swoosh, “Just Do It” slogan and deified sports figures. Nike managed the deftest of marketing tricks: to be both anti-establishment and mass market, to the tune of $9.2 billion dollars in sales in 1997. —Jolie Soloman “When Nike Goes Cold” Newsweek, March 30, 1998 The Nike brand has become so strong as to place it in the rarified air of recession-proof consumer branded giants, in the company of CocaCola, Gillette and Proctor & Gamble. Brand management is one of Nike’s many strengths. Consumers are willing to pay more for brands that they judge to be superior in quality, style and reliability. A strong brand allows its owner to expand market share, command higher prices and generate more revenue than its competitors. With its “Just Do It” campaign and strong product, Nike was able to increase its share of the domestic sport-shoe...
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...A job at S&S Air Chapter Case Click Link Below To Buy: http://hwaid.com/shop/a-job-at-ss-air-chapter-case/ You recently graduated from college, and your job search led you to S&S Air. Because you felt the company's business was taking off, you accepted a job offer. The first day on the job, while you were finishing your employment paperwork, Chris Guthrie, who works in finance, stops by to inform you about the company's 401(k) plan. A 401(k) plan is a retirement plan offered by many companies. Such plans are tax-deferred savings vehicles, meaning that any deposits you make into the plan are dedicated from your current pre-tax income, so no current taxes are paid on the money. For example, assume your salary will be $30,000 per year. If you combine $1,500 to the 401(k) plan, you will pay taxes on only $28,500 in income. No taxes will be due on any capital gains or plan income while you are invested in the plan, but you will pay taxes when you withdraw the money at retirement. You can contribute up to 15 percent of your salary plan. As is common , S&S also has a 5 percent match program. This means that the company will match your contributions dollar-for-dollar up to five percent of your salary, but you must contribute to get the match. The 401(k) plan has several options for investments, most of which are mutual funds. A mutual fund is a portfolio of assets. When you purchase shares in a mutual fund, you are actually purchasing partial ownership of the fund's...
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...Introduction Marks & Spencer Plc (from now on M&S) is an international retailer with 718 locations across 34 countries. The group sells clothing, footwear, gifts, home furnishings and foods under the St. Michael trademark in its chain of 294 stores in the United Kingdom. Approximately half of the group's overseas stores are franchised to local partners. The group also owns the clothing retailer Brooks Brothers and the Kings Super Markets chain in the United States of America. Direct mail helps M&S meet the core objective of providing customers with wider, easier access to their products such as home furnishings, flowers, hampers and wine. The financial services comprise of operations of the groups financial services companies providing account cards, personal loans, unit trust management, life assurance and pensions. Retailing accounted for 96% of fiscal 2000 revenues and financial services, 4%. The company was always considered to have a great management support that helped in its growth. But the last years, M&S’s managers seem to fail on their strategic decisions, leading the group to lower and lower sales and profits. The share price is also dropping and shareholders feel insecure for the future (figure 2). Group structure and financial performance The group’s performance measures for the year ended at 31 March were disappointing (figure-5). The return on equity ratio and the earnings per share were zero as the company had only £1.3m profit this year. For the...
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...Cómo podría cualquier empresa cuantificar los efectos positivos en ventas y utilidades a partir de un valor de marca fortalecido a partir de iniciativas de sostenibilidad? Actualmente hay diferentes métodos para cuantificar las ganancias y el fortalecimiento que una marca obtiene como resultado de los programas de sostenibilidad que implementa; sin embargo, cada uno de estos métodos difiere entorno el tamaño, la ubicación y el objetivo que cada compañía tiene con los programas de sostenibilidad. Los métodos más usados por las compañías alrededor del mundo son dos: el método “Triple Bottom Line” y el sistema de evaluación de generadores de valor. El método “Triple Bottom Line”, o TBL, esta enfocado hacia la revisión de los resultados en la inversión sobre tres dimensiones, la economía, la sociedad y el ambiente, y como éstos se relacionan hacia el cumplimiento de los objetivos de sostenibilidad (Slaper & Hall, 2011). El alcance de cada dimensión depende de la naturaleza del negocio donde hace una diferenciación en aspectos como aquellos con ánimo y sin ánimo de lucro, el objetivo de la inversión, los límites geográficos, entre otras variables. Teniendo en cuenta la divergencia entre cada dimensión no hay una unidad de medida específica, la unidad de medida en determinada por cada compañía con base en las variables que evalúa. Dentro de las variables más evaluadas, están: * Dimensión económica: Evalúa variables que afectan el resultado final y el flujo de dinero de la...
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...Ratios and financial planning at S&S Air, Inc. Chris Guthrie was recently hired by S&S Air, Inc., to assist the company with its financial planning and to evaluate the company's performance. Chris graduated from college five years ago with a finance degree. He has been employed in the finance department of a Fortune 500 company since then. S&S Air was founded 10 years ago by friends Mark Sexton and Todd Story. The company has manufactured and sold light airplanes over this period, and the company's products have received high reviews for safety and reliability. The company has a niche market in that it sells primarily to individuals who own and fly their-own airplanes. The company has two models; the Birdie, which sells for $53,000, and the Eagle, which sells for $78,000. While the company manufactures aircraft, its operations are different from commercial aircraft companies. S&S Air builds aircraft to order. By using prefabricated parts, the company can complete the manufacture of an airplane in only five weeks. The company also receives a deposit on each order, as well as another partial payment before the order is complete. In contrast, a commercial airplane may take one and one-half to two years to manufacture once the order is placed. Mark and Todd have provided the following financial statements. Chris has gathered the industry ratios for the light airplane manufacturing industry. S&S Air, Inc.2009 Income Statement. | Sales | $20,077,000...
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...efficient investigative products and services. As a result, the coverage requirements for ANACI and NACLC investigations have been enhanced to support a common content baseline for all agencies. Note that these enhancements apply only to those ANACI and NACLC cases submitted on an SF 86. The purpose of this FIN is to provide you with information concerning what case coverage changes have been made. The case price adjustments necessary to support these changes will be reflected in the FY 2007 case prices. ANACIINACLC Cases Currently, listed and developed issues which are identified in ANACI and NACLC cases (for non-DoD customers) are not pursued beyond the normal scope of the investigation. These cases are returned to the requesting agency so that the agency may decide whether to adjudicate the case based upon the information in hand, conduct additional follow-up themselves, or request a Reimbursable Suitability Investigation (RSI) from FISD to cover the additional issues. Beginning with FY 2007, expansion of these issues will become a standard part of both the ANACI and NACLC products. Effective October 1, 2006, issues apparent at scheduling or developed during the course of the investigation and which fall within the 5-year case coverage period, unless otherwise noted, will be expanded upon according to the following chart (exception: issues which are known to have been covered in previous investigations, or which would reasonably have been expected to...
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...Employee Absenteeism Kmart Corporation Alvin Williams Professor Whatley LG415 Quality Control Park University INTRODUCTION The purpose of this research paper is to identify employee absenteeism and explain the process of how Kmart was able to successfully merge with Sears effectively without completely diminishing employee morale and loyalty. Let us first begin by going into detail to primarily explain what employee absenteeism is. In the workforce it is described as a failure to appear for work in a routine period of time. It also means the number of occurrences of missed work without valid reasoning. Picture the scenario that you are shopping in Kmart and you have finally completed your shopping to proceed to check out. The time just so happens to be three o’clock, which are the shift change hours for cashiers. There are three customers ahead of you and only two lanes open. You notice that there is a delay in check out times. You finally get to the counter to pay and over hear the cashier complaining that she will have to stay another two hours because her replacement has called out sick once again, without proper notice. At this point the cashier becomes a little irritated in her responses and appears to be in no way interested in pleasing the customer. What happened to the employee that was smiling just three customers before you? I can easily explain. The motivation the...
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...importance” under s. 83(1) of the Immigration Act: “Given that the Immigration Act does not expressly incorporate the language of Canada’s international obligations with respect to the International Convention on the Rights of the Child, must federal immigration authorities treat the best interests of the Canadian child as a primary consideration in assessing an applicant under s. 114(2) of the Immigration Act?” 4. 5. 6. There are several factors in which determine the content of procedural fairness, according to the Supreme Court. As written in Knight v. Indian Head School Division No.19, ,(1990), “the concept of procedural fairness is eminently variable and its content is to be decided in the specific context of each case”. This refers to the basis that there are no two cases alike, thus there is no standard definition for what is fair in all cases, as fairness varies according to the circumstances. The duty of procedural fairness is to make sure that decisions made on the administrative level are done so in a manner that is fair, and appropriate to the context in which the decision is being based on. 7. 8. 9. 10. In making their decision, immigration officers are forced to make H&C decisions, (Humanitarian and Compassionate considerations). The immigration officers who make such decisions are given a set of rules in which to conduct their decisions. These officers have a duty to decide which cases are to be given...
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...ISSUES IN ACCOUNTING EDUCATION Vol. 26, No. 3 2011 pp. 609–618 American Accounting Association DOI: 10.2308/iace-50029 A Series of Revenue Recognition Research Cases Using the Codification R. Mark Alford, Teresa M. DiMattia, Nancy T. Hill, and Kevin T. Stevens ABSTRACT: This series of four short cases is designed to help students develop the skills to research the Financial Accounting Standards Board’s (FASB) Accounting Standards Codification and other authoritative literature. It also is designed to help improve students’ ability to analyze and critique the complex issues that often surround the accounting for revenue recognition. The case scenarios describe transactions in which students must decide whether, when, and how much revenue to recognize. The issues analyzed involve bill-and-hold, multiple-element arrangements, gross versus net revenue reporting, and sales incentives. The cases are also designed to improve teamwork and communication skills. The sequence of cases is intended for use in an intermediate accounting class that covers revenue recognition, or in a capstone class that emphasizes critical thinking and research skills. Keywords: revenue; recognition; codification; research. INTRODUCTION evenue recognition is one of the top causes for financial statement restatements (Whitehouse 2010). In addition, revenue recognition is an area commonly questioned by the Securities and Exchange Commission (SEC) staff in their review of public filings and resultant comment...
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...This is a case study of S.A. who is 35 years old female who is brought to the ED at NY Medical Center (NYMC) by EMT via ambulance in the reason of altered mental status. S.A. was pacing in circles outside her apartment building in the middle of the night and she was speaking incoherent sentences to “imaginary people”. S.A. has past medical history of tonsillectomy, adenoidectomy secondary to frequent Strep. throat, and diagnosed with asthma, scoliosis, and depression. She had back surgery for herniated disk and stenosis in May 2015. She also has past history of alcohol poisoning and drug overdose. Since then, she began Alcoholic Anonymous and she was “clean” for six months when she admitted beginning drinking alcohol occasionally. After she returned to work in September 2015, she was found that she lost focus on three different occasions when she was working in the surgery room. She admitted that she had addiction problem since...
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...Team Cases The cases are assigned for their ambiguity, i.e. solutions are not clear cut. These cases were real-life situations encountered by corporations. Since solutions were not clear cut, corporations approached accounting firms for guidance. Deloitte, Touche & Tohmatsu used these issues to compile a series of cases to provide students the opportunities to have a “hands-on” experience in how accounting firms go about looking for a solution. To assist students in completing the assignment, sample cases with solutions were posted. Students would need to use FASB Codification database (the same one used by accounting firms). You can access the database through: http://aaahq.org/ascLogin.cfm Userid: AAA52120 Password: 6HxBPpx The main purposes of the cases are: 1. Provide hands-on experience in using FASB Codification to research for accounting solutions. 2. Encourage team effort to examine possible solutions and come to a consensus well supported by accounting rules and pronouncements. There are many solutions to the cases, some better (or more in line with the pronouncements) than others. I look forward to your explorations with untainted young minds to come up with mesmerizing solutions. Any consultation with the instructor could bias your approach. It may even mislead the team to think that the discussion is about “the solution” and therefore negate the second purpose of this assignment. Students should study the sample solutions carefully and...
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