...Solution of the Case: a) If a company uses LIFO, the value of closing stock will be lesser than the value calculated under FIFO method and the closing stock will be lesser in LIFO due to the higher cost of sales which in turn would result in lesser gross profit. This is transferred to Profit & Loss Account/Income Statement/Statement of Financial Performance which in turn would result in lesser net profit & high tax savings as tax would be levied on lesser Net Profit. Here Golf Challenge Corp. can use FIFO method to comply with the loan financing requirements and also because in FIFO method Net profit margin & current ratio would be higher as compared to LIFO method. LIFO usually produces higher cost of goods sold than does FIFO because more recently purchased goods (usually higher priced) are assumed sold first. Net Profit Margin= Net Profit after Tax (In FIFO Net profit would be more due to value in Sales Revenue higher closing stock which result in higher net profit, For publicly traded companies on the S& P 500, the Average net profit margin is 8.5 percent) Current Ratio=Current Assets (Higher Closing stock value is included in current assets, Current Liabilities generally ratio should be higher than 1.33:1 as per Industry ...
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...Fundamentals of Human Resource Management (HRM500) Assignment #1 – Hershey’s Sweet Mission Student: Cheryl L. Simpson Professor: Dr. William Clampitt 22 January, 2012 Recommend the redesign of Hershey’s performance management system to appeal to the diverse groups that it employs. (Bohlander & Snell, 2004) High Performance Work System (HPWS) is defined as a set of management practices used to create an atmosphere within an organization where the employee has more involvement and responsibility. More precisely, HPWS has been defined by Bohlander et al (2004) as “a specific combination of HR practices, work structures, and processes that maximizes employee knowledge, skill, commitment and flexibility” (Bohlander & Snell, 2004). An approach that Hershey’s could use to appeal to the diverse groups that it employs would be to utilize knowledge workers, such as indicated by Noe et al (2011) in the case study in the form of mentoring. Noe et al (2011) defined knowledge workers as employees whose key contribution to the organization is specialized knowledge, such as knowledge of customers, a process, or a profession. Hershey has baby boomers that specialize in the knowledge of the customers and the process, and who are also enthusiastic about sharing what they know to the younger generation of workers, and subsequently fascinated by leaving a legacy. In order to address the younger generation’s eagerness for challenges, employee empowerment is also...
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...MARKETING MANAGEMENT (MKT 750) GROUP ASSIGNMENT: CASE STUDY ON JANMAR COTING INC PREPARED BY: SHAHRADZI BIN RAMLI 2013424636 GROUP: BM700 1CF SUBMITTED TO: SUBMITTED DATE: 7TH OCTOBER 2013 1.0 Case Summary This case is about an organization doing business on paint coatings market served by company in the southwestern United States. The organization has some challenges on how to deploy marketing efforts among the various architectural paint coatings markets served in the southwestern United States. 1. Janmar Coating, Inc. Janmar Coating, Inc. is a privately held organization produces and markets architectural paint under Janmar brand name. In addition to producing a full line of architectural coatings, the company sells paint sundries (brushes, rollers, thinner, etc.) under the Janmar name, even though these item are not manufactured by the company. 2. Architectural painting Industry sources estimated U.S sales of architectural paint coatings and sundries (brushes, rollers, paint removers and thinners, etc) to be 12 billion plus in 2004. Architectural coating are considered to be mature market with long term sales growth projected in the range of 1 to 2 percent per year. Demand for architectural coatings and sundries and sundries reflects the level of house redecorating, maintenance, and repair, as well as sales existing homes, and to a lesser extent new home, commercial, and industrial construction. 2.0 Identify Problem 1. Competitor ...
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...Recommend the redesign of Hershey's performance management system to appeal to the diverse groups that it employs. (Bohlander & Snell, 2004) High Performance Work System (HPWS) is a term given to a set of management practices that tries to create an atmosphere within an organization where the employee has more involvement and responsibility. More precisely, HPWS has been defined by Bohlander & Snell (2004) as “a specific combination of HR practices, work structures, and processes that maximizes employee knowledge, skill, commitment and flexibility” (Bohlander & Snell, 2004). In order to appeal to the diverse groups at Hershey’s it is recommended that the managers utilize knowledge workers, such as indicated by Noe (2011) in the case study in the form of mentoring. Noe (2011) defined knowledge workers as employees whose key contribution to the organization is specialized knowledge, such as knowledge of customers, a process, or a profession. Hershey has baby boomers that specialize in the knowledge of the customers and the process, which happens to be enthusiastic about passing down what they know to the younger generation of workers, fascinated by leaving a legacy. When it comes to addressing the younger generation’s eagerness for challenges, employee empowerment is also recommended as part of the redesign process. Bohlander & Snell (2004) emphasizes that the ability for an employee to take part in the decision making process is considered to be one of the important...
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...A REPORT ON TO ESTIMATE THE MARKET SIZE OF PROJECT SALES IN SEGMENT- HOUSING SOCIETIES BY COLD CALLING [pic] By ANKIT SANGHVI KANSAI NEROLAC PAINTS LIMITED [pic] SUBMITTED ON 29TH JUNE, 2010. A REPORT ON TO ESTIMATE THE MARKET SIZE OF PROJECT SALES IN SEGMENT- HOUSING SOCIETIES BY COLD CALLING PREPARED BY ANKIT SANGHVI ROLL NO 09020 SUBMITTED TO MET MANAGEMENT INSTITUE IN FULFILLMENT OF THE MBA PROGRAM 2009-2011 SUBMITTED TO PROF. GUPTE MR. SITHANSHU SHAH RESPECTED FACULTY PROJECT SALES MANAGER MET INSTITUTE OF MANAGEMENT KANSAI NEROLAC PAINTS LIMITED ACKNOWLEDGEMENTS A project of this nature calls for intellectual nourishment, professional help and encouragement from many quarters. Summer training constitutes the backbone of any management education programme. A management graduate has to quite frequently do the project work during his or her career plans. I would like to take this opportunity to thank my Company guide Mr. SITHANSHU SHAH, Project Sales Manager, Kansai Nerolac Paints Ltd. who has taken all the time and effort to guide me through this project. I would also like to thank Prof. GUPTE, Faculty Member, MET Institute of Management, MUMBAI for giving me an opportunity to execute this project. I would like to extend my thanks to Miss Pallavi, Mr. Gurvinder Singh for having selected me to do this project as it has been a completely enriching experience for me and has helped me implement my...
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...paper On Managerial Economics Course Code: EMIS 505 Submitted to: Md. Abul Kashem Submitted by: Nadia Shahrin Chandni Student ID: 61323016044 Abstract Verifying consistency of empirical data is the motto of this paper. Data of four different kinds of businesses –Soft drink, Refrigerator, Paint and Life Insurance Premium- have been tasted to establish and examine estimate function. SPSS has been used as based software for the study. Introduction Estimation is one of the core responsibilities of a manager. The aim of studying Managerial Economics, among other, is to equip managers with the economic tools that enable proper forecasting. Business environment has changed rapidly over the years, making decision making a tougher job and more complex one is well. To face the wrath of the complexities computer analysts have developed software, capable of handling the pressure. Developed by IBM SPSS is one of the most trusted applications, used worldwide, to assist managerial decision making. Analyzed Cases 1. Soft Drinks: A leading soft drinks manufacturer has accumulated the following data from their sales of summers of last two years. As it can be known for the given data, the weather indicators have a significant effect on the sale of the carbonated drinks. Sales×000 Units | Temperature°C | Humidity% | Rainmm | 100 | 28 | 85 | 10 | 110 | 28 | 88 | 5 | 110 | 28 | 90 | 5 | 120 | 31 | 85 | 8 | 125 | 31 | 88 | 5 | 135 | 31 | 90...
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...Amber Lockhart Dr. Rodriguez Marketing Management January 24, 2014 Case: Janmar Coatings, Inc. Nature of the Industry, Market, and Buyer Behavior The nature of this industry is broken down into three general segments. The first segment is architectural coatings, the second segment is original equipment manufacturing (OEM), and the final segment is special purpose coatings. Architectural coatings are what you would call the general purpose paints, varnishes, and polishes. They are mainly used on housing, commercial, and institutional structures. Original equipment manufacturing is when it is formulated for industrial use and is used on original equipment by manufacturing. You will find OEM being used on automobiles, appliances, furniture, and more. Special Purpose coatings are used for special procedures or ecological conditions. You will find coatings of this nature used on bridges, ships, railroads and more. There are many competitors in this industry. Competitors for architectural coatings would be Sherwin-Williams, Benjamin Moore, the Glidden unit of Imperial chemicals, PPG Industries, and there are many more. Lowe’s and Home Depot would be the competitor for selling Special purpose coatings. These competitors have strengths and weaknesses. A few weaknesses were that come of the companies were unable to make money and study and expansion commitments had to sell their paint businesses. One major strength would be that larger firms that can buy the smaller businesses...
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...------------------------------------------------- Executive Summary * Executive Summary The 2012 NSAC has chosen students to construct a campaign specifically for Wal-Mart stores to promote the sales of Glidden paint. Wal-Mart is one of the most prominent names in retail, while Glidden paint contributes a rich history of excellence in the paint market. Through both primary and secondary research methods our research provides information for the advertising campaign this following semester. Consumer demographics, purchasing habits, along with wants and needs, are all used to understand the potential market. Research on these topics is vital to the structure of effective advertising. By forming our focus groups we searched for deeper knowledge in the needs of paint shoppers and in the surveys we looked for more reasons people purchase paint and brand loyalty. We examined responses from painting professionals in order to compare results from nonprofessionals to see if these varied in any manner. The objective for getting into the Wal-Mart store was to pass out intercept surveys to the Wal-Mart shoppers. From the focus groups we found being able to match color, not having to apply many layers, customer service, quality, cost, and odor free are important to many shoppers along with word of mouth recommendations, however brand is not a concern. They believe adding jingles, and celebrities to a commercial will get people to buy the paint, and they would like to...
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...Imad Harrouk ID: 12100230 Jones Blair case study Jones Blair Company is a privately held corporation that is a world leader in the paint and coatings industry. Jones Blair Company produces, markets, and distributes architectural paint and coatings under the name brand of Jones Blair. The organization is currently headquartered in Dallas, Texas. Since 1928 their mission has been to provide the business community with the highest quality products while providing unparalleled customer service. Jones Blair consists of two divisions; Jones Blair high performance coatings and NEODARD. Their OEM, Original equipment manufacturing, is ran through the high performance coatings division and is 35 percent of the total industry. Seamless epoxy flooring, surface applied waterproofing, and elastomeric roofing and wall coating systems are operated through NEODARD. Jones Blair Company markets its paint and sundry items in over 50 counties in Texas, Oklahoma, New Mexico, and Louisiana from its plant and headquarters in Texas. The U.S. paint industry is divided into three main segments: The Architectural Coatings, The Original Equipment Manufacturing Coatings and lastly the Special Purpose Coatings. General-purpose paints, lacquers, and varnished that are used on commercial, residential, and institutional structures comprise the architectural coatings segment. These materials along with brushes...
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...This case deals with the ethical dilemma that Tobacco manufactures face when selling tobacco products in third world countries. First, there is the ethical dilemma of business versus health. The opening and development of the tobacco business in Third World countries like China, Malaysia, Indonesia, India and Africa, is considered against the health consequences of tobacco use which according to an Oxford University epidemiologist, has estimated to cost 3 million lives annually rising to 10 million by 2050 without effective tobacco control program A second ethical dilemma is employment versus impoverishment, where the opportunities for work in the tobacco industry are considered against a background of malnutrition. This is a problem that is certainly worth consideration, but with those who have the power to change things reaping huge profits, I am not sure if anything will be done. 1. Use the model in Exhibit 1 as a guide and assess the ethical and social responsibility implications of the situation described Exhibit 1 is a decision tree. A model for incorporating ethical and social responsibility issues into multinational business decisions. The decisions are decided by the users’ responses to a number of relevant questions regarding the matter at hand. The first question the model asks is whether the decision efficiently optimizes the common good or benefits of the business firm, society, the economy, and the individual. From the tobacco business standpoint, the answer...
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...MacWilliams poses an interesting point when she says that it is not Victor’s scientific meddling with nature that caused his problems, but that he was not properly prepared with what he had to deal with (MacWilliams 86). On the other hand, Shelley takes the time to point out just how prepared Walton was for his journey through his letters to his sister. Walton accompanied whale-fishers to the North Sea to brace himself for the cold he would meet on his own journey, he familiarized himself with his crew in an attempt to build morale and start to trust those with whom he would be sailing in case the worst were to happen (Shelley). The argument could even be made that the letters themselves are an act of preparation, as Walton uses them to say goodbye to his sister should she never see him again (Shelley). All of these are precautions that Victor did not take when attempting to create life. He did study extensively, but he admits to taking short cuts just to make his own life easier (Shelley). Also, unlike Walton, Victor did not warning given to those he claimed to love. Even on his wedding night, he kept Elizabeth in the dark as to the horror that had been stalking him...
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...History of the A-Bomb In early August 1945 atomic bombs were dropped on the Japanese cities of Hiroshima and Nagasaki. These two bombs quickly yielded the surrender of Japan and the end of American involvement in World War II. By 1946 the two bombs caused the death of perhaps as many as 240,000 Japanese citizens1. The popular, or traditional, view that dominated the 1950s and 60s – put forth by President Harry Truman and Secretary of War Henry Stimson – was that the dropping of the bomb was a diplomatic maneuver aimed at intimating and gaining the upper hand in relations with Russia. Today, fifty-four years after the two bombings, with the advantage of historical hindsight and the advantage of new evidence, a third view, free of obscuring bias and passion, can be presented. First, the dropping of the bomb was born out of complex infinite military, domestic and diplomatic pressures and concerns. Second, many potentially viable alternatives to dropping the bombs were not explored by Truman and other men in power, as they probably should have been. Lastly, because these alternatives were never explored, we can only conjecture over whether or not Truman’s decision was a morally just one, and if indeed it was necessary to use atomic energy to win the war. The war in Asia had its roots in the early 1930s. Japan had expansionist aims in Eastern Asia and the Western Pacific, especially in Indochina2. In July of 1940 the United States placed an embargo on materials exported to...
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...Customer Relationship Management Holly Smith August 16, 2011 Introduction Customer acquisition and retention have become essential in a highly competitive global market where advanced technological and web-based tools and applications are used to lure new customers as the old marketing strategy of quality goods at low cost has become redundant and the focus is on customer centric marketing and product development. Customer Relationship Management (CRM) has been defined as, “a cross functional, customer-driven and technology-integrated business process management strategy that maximizes relationships” Chen and Popovich (as cited in Parsongsukan,2010, p.17). The successful implementation of a CRM strategy requires organisational transformation, changing business processes and only then can CRM implementation achieve the desired results and CRM vision. CRM implementation cannot be restricted to software and technological upgradation for enhancing customer database management. CRM is an integrated approach that requires organisation and business process transformation for effective implementation. History of CRM The evolution of CRM started from mass marketing when companies’ mass- produced goods and services believing that customers had similar needs and preferences. This trend gave way to target marketing where marketing campaigns were used to target goods and services to different strata’s of consumer segments...
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...Executive Summary The purpose of this report was to examine the results of the effective implementation of customer relationship management (CRM) systems. What is the most effective way to realize all of the benefits from CRM system implementation? Research for this report included a review of current literature on effective implementation of CRM systems and the market data on popular CRM systems on the market available on Gartner, the leading information technology research website. Major findings indicate that just simply buying into a CRM system would not bring the promised benefits associated with the system. That is only possible if the implementations of the system is backed by appropriate strategies, supplemented by the aid of high tech IT solutions and it is the most important to know how to use the integrated information system to the best advantage. For the new CRM system being implemented in the company to be a success, the company has to evolve and implement a strategy that will iron out the kinks from the existing system to the new. The success of this endeavor depends greatly on the top management, who has to showcase their commitment and, most importantly, lead the way, guiding the rest of the employees to a new direction, which, when supplemented by the new IT infrastructure, can help give the company the competitive edge it so desires. At the end of the day CRM is only a tool, which can bring tremendous success to the company only if it is implemented and...
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...How Can We Know the Bible Is the Word of God? A Religion Profile from International Students, Inc. The Question Posed Christians claim the Bible is God’s Word. That means that they believe the Bible is a verbal revelation from God that makes it unique from every other book. But how can such a claim be verified? First, we would expect certain things to be true about a book from God. Such characteristics might also be true about humanly-authored books, but we would expect that, at the very least, they would be true about God’s book. Such characteristics would include the following: • It would claim to be God’s Word. • It would be historically accurate when it speaks on historical matters. • Its authors would be trustworthy. • It would be thematically unified and without contradictions. • We would have received accurate copies of the original manuscripts. Second, because God is unique, His book would bear characteristics that could be true of it alone. Such characteristics would distinguish God’s book from all other books in such a way that it could not be counterfeited. These characteristics would include the following: • It would make statements that would reveal knowledge about the way things work beyond the knowledge of its day. • It would make predictions about the future that could not be known through natural means. • The message would be unique. • The messengers would be confirmed by miracles. • The words would have a transforming power. Now let’s look at the characteristics...
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