...1/13/2015 Solution SCM Ch1 2 Documents Upload (/upload.html) Login (/login.html? back=http%3A%2F%2Fdocslide.net%2Fdocuments%2Fsolution-scm-ch12.html) / Docslide (/) / Documents (/category/documents.html) / Solution SCM Ch1 2 Assignment 1 Supply Chain Management Topic: Understanding the Supply Chain Submitted by: Submitted to: Md. Faisal Hossain Md. Md. Akram Hossain EMBA Spring Semester 2013 Assistant Professor ID: 61120-13-017 MIS, University of Dhaka Date: 23-01-2013 Department of Management Information Systems Gateway Why did Gateway have multiple production facilities in the US? What advantages or disadvantages does this strategy offer relative to Dell, which has one facility? US was main market of gateway No inventory stores direct supply no contract with any shipping company Advantages Low price raw material Cheaper logistics http://docslide.net/documents/solutionscmch12.html 1/8 1/13/2015 Solution SCM Ch1 2 Documents Fly UP Shipping Tax Incentives Disadvantages cost increases Difficult to manage quality Different polices for employees What factors did Gateway consider when deciding which plants to close? The markets which were saturated showing poor results, specially Malaysia plant were have high loses Why does Gateway not carry any finished goods inventory at its retail stores? Gateway was really clever in deciding whether to keep such items in inventory or not. As gateway knew that people don’t wait for FMCG product...
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...Course : CAES1906-G Name : Chan Ting Hong (Isaac) UID : 2010213837 Title : The Implementation of Goods and Services Tax : Destructive Effects Outweigh Benefits The issue of whether the government should implement Goods and Services Tax (GST) has been a hot debate in Hong Kong. The government stress that the tax will help broaden the tax base and secure the sustainability of tax revenue (Mak, 2006). They have also cited some examples from countries all over the world which have already imposed GST such as most of the Organization for Economic Cooperation and Development (OECD) countries and Pacific Asian countries (Yu, 2002). In spite of these, after considering the social context and environmental factors, the tax should not be imposed in Hong Kong since it will cause social discontent, hurt the economy and have low cost-effectiveness. First, social discontent will arise as a result of the implementation of GST. The GST is renowned for its regressivity, which is attributed to a widening effect on income disparity (Kato, 2003). Income disparity, which can be measured by Gini Coefficient, is an important social issue in modern cities (Callig, 2007). High degree of income gap is a serious socioeconomic problem, which will eventually lead to social discontent as the underprivileged cannot get their deserved treatment in society and may become highly unsatisfied. In extreme cases, social upheaval will break out. Currently Hong Kong is a place where Gini Coefficient measured...
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...Springfield Interchange Improvement Project design. In the implementation phase, the discussion addresses detailed design, construction, and commis- sioning. Finally, in the closeout phase, the discussion reflects on overall performance, project status, and project evaluation. The Inception Phase The Springfield Interchange is one of the most complex and dangerous interchanges in the United States (Sipress & Reid, 1999). Situated fifteen miles south of Washington, DC, where the Capital Beltway intersects Interstate Highways I-95 and I-395, the interchange is aptly nicknamed the ‘‘Mixing Bowl,’’ as four of the region’s heaviest streams of traffic rush together in a fury of bobbing and weaving and last- second lane changing in an effort to negotiate the outdated traffic patterns. As many as 375,000 vehicles commute via this route every day, in addition to the constant traffic of I-95, the primary East Coast commercial corridor. The interchange held the distinction of having more accidents than any section of the Beltway or any other area of road in Virginia. Although delays and driver confusion continually reinforced the need to improve the interchange, it was traffic safety issues that finally moved the project off the wish list and onto the drawing board (Behr, 1999). Although overriding safety concerns drove the project, not everyone was excited about the prospects of...
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...ACCT 3211 Intermediate Accounting I California State University, East Bay Spring 2014 Instructor: Pei-Hui Hsu | Office Hours: MW 4:00-5:30 pm | E-mail: pei-hui.hsu@csueastbay.edu | And/or by appointment | Office: VBT-333 | Class time: MW 2:00 to 3:50 pm (AE-277) | Prerequisites: Completion of ACCT 2251 or equivalent with a grade of no lower than “C-“ | Course Overview and Learnings Objectives This is the first course of the three sequential courses on intermediate financial accounting (ACCT 3211, ACCT 3212, and ACCT 3213). The main objective of this course is to develop an in-depth understanding of basic financial statements and external financial reporting for a for-profit entity. Key accounting issues about income measurement and various assets will also be touched. Note in this course while major discussion of lecture focuses on U.S. GAAP, selected distinguished differences in International Financial Reporting Standard (IFRS) will be also briefly covered. In this quarter, we will first build the foundation by introducing the environment and theoretical structure of financial reporting. We will then go over the accounting process and preparation of balance sheet, income statement and statement of cash flows. The focus in the second half of the quarter is to illustrate the concepts of income measurement and the issues related to accounting and reporting for several assets, including cash, receivables, and inventories. Upon successful completion of these...
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...Buffett Essays Summary Ch1 Corporate Governance 2 Ch2 Finance and Investing 5 Ch3 Investment alternatives 8 Ch4 Common stock 11 Ch5 Mergers and acquisitions 14 Ch6 Valuation and accounting 17 Ch7 Accounting shenanigans 19 Ch8 Accounting policy 21 Ch9 Tax matters 23 Ch1 Corporate Governance Mr. Buffett mentioned some problems existing in annual meetings and possible causes. In most situations, annual meetings are a kind of time waste for shareholders and management, because managers don’t want to express actual accounting conditions to others. Contrary to it, Berkshire’s meetings are different because many thoughtful questions would emerge and are valued to be answered. However, many people won’t be honest in these situations. Companies that provide information also hope to obtain information from other companies. There’s no doubt that people wish enough financial details to make some predictions. But more and more corporate choose “selective disclosure”, which is corrupt behavior about accepted by the whole America. Chairman Levitt cracked down on this kind of behavior. At the same time, Mr. Buffett doesn’t agree that CEO should make too many efforts to make too often predictions, which may cause trouble. For one thing, a much too high growth rate would spread unwarranted optimism. For another, announcing such a high rate might force companies to make some unwise decision. Three advices are provided to investors. Many occupations have their own standard...
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...What is internal control? Why is internal control important in organizations? Internal controls are processes established by a business or organizations board of directors, management and other personnel to provide reasonable assurance for that businesses objectives in effectiveness and efficiency, reliability of financial reports and compliance with laws and regulations. Internal controls are used to safeguard businesses assets. They help a to establish guidelines within a business and makes sure that everyone within that business follows those guidelines and procedures. Internal controls are important because without them a business would be more susceptible to fraud. Internal controls are used to prevent people from stealing from a business and to make sure all the rules are followed. Feedback: Internal control is a system of policies and procedures designed to help an organization run more efficiently and effectively. Without strong internal control, an organization is much more susceptible to various forms of risk which can compromise its operations and its financial reporting. What are the four basic purposes of internal control? Give an example of each one. The first purpose of internal controls is to safeguard assets. Internal controls should protect your assets such as cash. One internal control that helps with protection of assets is the segregation of duties, another is sequential numbering of checks or locking checks in a safe place. The second purpose is to ensure...
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...explain the U.S. financial system to DellaTorre. A. Why is corporate finance important to all managers?Corporate finance is the department that handles strategic financial issues associated with achieving goals such as how the corporation should raise and manage its capital, what investments the firm should make, what portion of profits should be returned to shareholders in the form of dividends, and whether it makes sense to merge with firms or other companies. b. Describe the organizational forms a company might have as it evolves from a start-up to a major corporation. List the advantages and disadvantages of each form. • A proprietorship, or sole proprietorship, is a business owned by one individual. A partnership exists when two or more persons associate to conduct a business. • While a corporation is a legal entity created by a state. The corporation is separate and distinct from its owners managers board member and stockholders • In a limited partnership, limited partners' liabilities, investment returns and control are limited, while general partners have unlimited liability and control. • A...
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...implications of the different forms of business organization The goal of financial management The conflicts of interest that can arise between owners and managers The various types of financial markets 2 Chapter Structure 1.1 The Types of Firms 1.2 Ownership Versus Control of Corporations 1.3 The Stock Market 3 What is Corporate Finance? Three important questions that are answered when you start your own business: - What long-term investments should you take on? (business type, building, machinery, and equipment?) - Where will you get the long-term financing to pay for the investment? (bring other owners or borrowing?) - How will you manage the everyday financial activities of the firm? (collecting from customers and paying suppliers) Corporate finance is the study of ways to answer these three questions Finance can be defined as the art and science of managing money Finance is concerned with the process, institutions, markets, and instruments involved in the transfer of money among individuals, businesses, and governments 4 Legal Forms of Business Organization Three major forms Sole Proprietorship : business owned by a single individual Partnership: business formed by two or more individuals or entities Corporation : business created as a distinct legal entity composed of one or more individuals or entities 5 Sole Proprietorships Business is owned and run by one person ...
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...CH2 Assets=Liabilities +Stockholder’s Equity Cash Flow From Firm’s Assets=Cash Flow to Creditors + Equity Investor →CF(A)=CF(B)+CF(S) 一、 CF(A)=Operating Cash flow (OCF)-CAPEX-△NWC 1) OCF（看income statement）=EBIT + Depreciation -Tax paid EBIT=Revenue-Cost-Depreciation Tax=(EBIT-interest)*tax rate Earnings per share=Net income/total share outdating’s Dividends per share=Dividend/ total share outdating’s 2) CAPEX定义：Acquisitions-Sales of fixed assets 是out flow 需被finance CAPEX=△Total fixed assets+△accumulated depreciation=△PPE+△intangibles 3) △NWC=NWCend-NWCbeg financed by firm，是cash outflow长期 NWC=current assets-current liabilities 二、 CF（B）=Interest paid +debt retired-debt issued= Interest paid-New borrowing CF（B）= Interest paid-（ending long-term debt-beginning long-term debt） 三、 CF(S)=Dividends +share buybacks-stock issued Share buyback=treasury stock(end-beg) Stock issued=△common stock+△capital surplus CH7 Capital budgeting:accept or reject project. 一、 NPV:difference between sum of PV of future cash flow(只用cash flow,no earnings会计学上的；全部的CF of the project,discount rate)and initial cost. NPV rule:大于0接受,小于0reject.Positive NPV benefit stockholders Firm value=各种NPV加总(源自于cash flow)cash flow can only be estimated, 有risk Discount rate:return expected to earn on a financial asset of risk→opportunity cost 二、 Payback period: time that CF-initial cost>0,选择一个particular cutoff date对比之 NO timing of cash flow；ignore...
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...CH1 1.How can using personal financial planning tools help you improve your financial situation? Describe changes you can make in at least three areas. a. Personal financial planning tools can help with expenses for house and groceries (example: making a grocery list before you go out so you don’t over spend on food that looks “yummy”), changes in investment (starting up a 401k), and increasing savings by proper financial planning. 2. Recommend three financial goals and related activities for someone in each of the following circumstances: a. A Junior in college 1. Apply for a credit card through his or her local bank to begin establishing credit 2. Begin searching for an apartment to live in after college. Also, it would be wise to start saving for the security deposit and monthly rent/utilities 3. Begin searching for jobs. This can be done at career fairs, online websites such as LinkedIn, or job postings online b. A 30-year-old computer programmer who plans to earn an MBA degree 1. Begin to research graduate schools for his or her MBA and figure out the application process, cost to apply, and cost to attend 2. Reduce spending and expenses by around 10% to save money for tuition and expenses of graduate school 3. Talk to his or her employer about setting up a 401k retirement plan c. A couple in their 30s with two children, ages 5 and 9 1. Begin to save for their children’s’ college fund 2. Ensure that they are saving enough in their 401k...
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...reporting, and analyzing economic transactions. 1. What is the major objective of accounting? · Accounting is an information and measurement system that identifies, measures, records, and communicates understandable, relevant, reliable, and comparable information to people that helps them in making better decisions. It helps people in business to identify and react to investment opportunities, and better assess opportunities, products, investments, and social[->0] and community responsibilities. 2. Distinguish between accounting and recordkeeping. · Recordkeeping is the recording of financial transactions and events, either manually or electronically. While recordkeeping is essential to data reliability, accounting is this and much more. Accounting includes identifying, measuring, recording, reporting, and analyzing economic events and transactions. It involves interpreting information, and designing information systems to provide useful reports that monitor and control an organization's activities. LIFA 1.2 FORMS OF ORGANIZATION · A business is one or more individuals selling products or services for profit. · There are business and non-business organizations. · Businesses have the goal of generating profit and take one of three forms: o Sole proprietorship o Partnership...
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...Today, as we look around the world, we see an increase in the number of corporations; as capitalism has spiraled to a peak. While corporation’s products and services are needs and wants of the economy, their moral actions, or lack there of, are not, however, directly or indirectly affect us each day. Are corporations people? Can corporations be considered moral? Questions such as these have been raised by Shaw and Barry in the text Moral Issues in Business. While the answers to these questions are debatable, the infamous Enron Corporation shows us that while the people make up the company, the company as a whole receives the reputation of being immoral or unethical. We consider Kenneth L. Lay and Jeffery Skilling, the former president and CEO of Enron, the driving forces behind Enron’s bogus success and responsible for the moral code that should have been set for the organization. These unethical actions Enron took part in even had support by auditor, Arthur Anderson, and attorneys, Vinson & Elkin. The top leaders of Enron had a passion for capitalism, which drove the company to illegal and unethical behaviors, eventually leading to the catastrophic fall of the company. However, in order for Enron to deceive as long as they did without being caught, a lot of their actions were actually legal, but immoral. Enron’s use of mark-to market (MTM) accounting and taking advantage of energy deregulation in California, led to their “profit at all costs” mentality, legal, moral,...
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...More Praise for the Second Edition of Mergers & Acquisitions from A to Z ‘‘Sherman and Hart have done a terrific job assembling and synthesizing the basic, yet critical, issues to be aware of before/during/ after the deal. A well-rounded, up-to-date primer filled with pragmatic information that will serve as an excellent reference regardless of the reader’s M&A experience.’’ —Edward J. Hayes, Jr. Executive Vice President and Chief Financial Officer Quantum Corporation ‘‘After reading Andrew’s book, it became clear that his insight and processes assist entrepreneurs looking to expand their businesses. Andrew’s book offers guidance for non–U.S.-based businesses considering mergers and acquisitions in the United States.’’ —Nancye Miller, CEO, EO The Entrepreneurs’ Organization ................. 11539$ $$FM 10-19-05 09:48:09 PS PAGE i This page intentionally left blank PAGE ii MERGERS & ACQUISITIONS F ROM A SECOND TO Z EDITION Andrew J. Sherman and Milledge A. Hart American Management Association New York • Atlanta • Brussels • Chicago • Mexico City • San Francisco Shanghai • Tokyo • Toronto • Washington, D.C. ................. 11539$ $$FM 10-19-05 09:48:11 PS PAGE iii Special discounts on bulk quantities of AMACOM books are available to corporations, professional associations, and other organizations. For details, contact Special Sales Department, AMACOM, a division of American Management Association, 1601...
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...MG420 Research Assignment BY: Travis Jones 1.) Define and discuss the term “collective bargaining.” Include and discuss [showing relevance or applicability] a current web-based item/magazine article about a real life example of a collective bargaining action. Write a succinct and complete summary on the contents of the article you’ve provided along with your critical comments about that article. Support your findings with reference research. When the system is working effectively, efficiency, equity, and voice are achieved through collective bargaining. In collective bargaining, representatives of the employer and the employees negotiate the terms and conditions of employment that will apply to the employees. (txt book CH1 pg.18). New Farmer Health Insurance Relies On Collective Bargaining MADISON, Wis. (AP)--A new group health insurance program for Wisconsin farmers is the first of its kind in the country and will serve as a model for others to follow, designers of the plan said. The program promises to offer comprehensive insurance plans at cheaper rates than farmers could get on their own and with more extensive coverage and benefits. "People are waiting in the agricultural community for an option like this that will provide the health care they deserve," said Sandi Cihlar, 57, a dairy farmer in Mosinee, who attended Monday's news conference announcing the plan. The Farmers' Health Cooperative of Wisconsin relies on the collective bargaining power of the...
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...Responses to Review Questions Answer One What are the factors that influence a company's decision to go abroad? Please explain how these are related to each other. In the discussion on the internationalisation process of a firm, the product life cycle model plays a major role. Please explain and discuss the usefulness this model. (A) Generally, the first decision to go abroad is a specific one. It is a decision to look at the possibility of a specific investment in a specific country, not a general decision to look around the globe for investment opportunities. At this stage the organisation has no experience with the complexities of foreign investment, although it often has had some export experience. There are no standard operating guidelines, which can be given to deal with these complexities. What is needed mostly is a strong push and/or commitment to go abroad. A company benefits from these earlier experiences in the subsequent investment decisions. The organisational factors include: • role of the management • motives of the organisation • success at home Other than these internal forces, a number of factors in the environment, outside the organisation, may also force a company to go abroad. These drivers of internationalisation may include: • unsolicited proposal that cannot be ignored. These may include proposals from a foreign government, distributor or customer • competitive drive or bandwagon effect following other competitors or a general belief...
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