...http://hwaid.com/shop/bmgt-321-chapter-5-homework/ ACTIVITY-BASED COSTING AND ACTIVITY-BASED MANAGEMENT 5-16 (20 min.) Cost hierarchy. Forrester, Inc., manufactures karaoke machines for several well-known companies. The machines differ significantly in their complexity and their manufacturing batch sizes. The following costs were incurred in 2014: a. Indirect manufacturing labor costs such as supervision that supports direct manufacturing labor, $825,000 b. Procurement costs of placing purchase orders, receiving materials, and paying suppliers related to the number of purchase orders placed, $525,000 c. Cost of indirect materials, $160,000 d. Costs incurred to set up machines each time a different product needs to be manufactured, $365,000 e. Designing processes, drawing process charts, and making engineering process changes for products, $287,500 f. Machine-related overhead costs such as depreciation, maintenance, and production engineering, $950,000 (These resources relate to the activity of running the machines.) g. Plant management, plant rent, and plant insurance, $512,000 Required: 1. Classify each of the preceding costs as output unit–level, batch-level, product-sustaining, or facility- sustaining. Explain each answer. 2. Consider two types of karaoke machines made by Forrester, Inc. One machine, designed for professional use, is complex to make and is produced in many batches. The other machine, designed for home use, is simple to make and...
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...INTRODUCTION Company History: The HSBC Group is named after its founding member, The Hongkong and Shanghai Banking Corporation Limited, which was established in 1865 to finance the growing trade between Europe, India and China. The inspiration behind the founding of the bank was Thomas Sutherland, a Scot who was then working for the Peninsular and Oriental Steam Navigation Company. He realized that there was considerable demand for local banking facilities in Hong Kong and on the China coast and he helped to establish the bank, which opened in Hong Kong in March 1865 and in Shanghai a month later. Soon after its formation the bank opened agencies and branches around the world. Although that network reached as far as Europe and North America, the emphasis was on building up representation in China and the rest of the Asia-Pacific region. HSBC was a pioneer of modern banking practices in a number of countries. In Japan, where a branch was established in 1866, the bank acted as adviser to the government on banking and currency. In 1888, it was the first bank to be established in Thailand, where it printed the country’s first banknotes. From the outset trade finance was a strong feature of the local and international business of the bank, an expertise that has been recognized throughout its history. Bullion, exchange, merchant banking and note issuing also played an important part. By the 1880s, the bank was acting as banker to the Hong Kong government and also participated...
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...METROPOLITAN BANK AND TRUST COMPANY * Business Profile * Metrobank is a leading financial conglomerate with diversified business portfolio including: investment banking, thrift banking, leasing and financing, bancassurance, and credit cards. * Offers full range banking services to large local and multinational corporations, middle market and SMEs, high net-worth individuals and retail segment. * Established in 1962 to provide financial services to the Filipino-Chinese community. * Solid track record spanning over 50 years; multi-awarded bank. * Investment grade credit rating. * Majority owned by the Ty Family whose major business interests include financial services, real estate development, power and manufacturing. History Founded in September 5, 1962, Metropolitan Bank & Trust Co. (Metrobank) has since become the premier universal bank and among the foremost financial institutions in the Philippines. It offers a full range of banking and other financial products and services, including corporate, commercial and consumer banking, as well as credit card, remittances, leasing, investment banking and trust banking. Metrobank currently spans a consolidated network of over 1,950 ATMs nationwide; over 860 domestic branches; and 31 foreign branches, subsidiaries, and representative offices. Metrobank was incorporated in Binondo, Manila by a group of Filipino businessmen principally to provide financial services...
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...Images) Don't Miss Out — Follow Bloomberg On * ------------------------------------------------- Facebook * ------------------------------------------------- Twitter * ------------------------------------------------- Instagram * ------------------------------------------------- YouTube ------------------------------------------------- Recommended Fed Liftoff Has Futures and Economists at Odds for Next Week The U.S. Economy Is Just Starting to Tap Into a Big Source of Dry Powder One Chart That Shows How Petrified Everyone Is Over China * $236 billion spent boosting stocks, reserves down $286 billion * Mizuho sees fixed asset investment of $1.6 trillion in 2-3 yrs Share on FacebookShare on Twitter When Premier Li Keqiang took the stage Thursday at the World Economic Forum’s “Summer Davos” meeting in Dalian, he told business leaders that although China faces challenges, growth is on track and fundamentals remain sound. The upbeat message is all part of a ‘New Normal’ narrative from China’s leadership as the economy transitions from relying on heavy industry and debt to one driven by consumption and services. What Li didn’t mention was the spiraling bill associated with keeping the economy on course to hit the Communist Party’s growth target of about 7 percent for this year. From building bridges and highways to shoring up the nation’s currency and stock markets, China is rolling out hundreds of billions of dollars in its biggest stimulus since...
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...Case Study: State Bank of India, World's Largest Centralized Core Processing Implementation Analyst Author: Robert Hunt Senior Research Director, Retail Banking Feb 2009 Reference # V58:06R TowerGroup Take-Aways • The State Bank of India (SBI), the largest and oldest bank in India, had computerized its branches in the 1990s, but it was losing market share to private-sector banks that had implemented more modern centralized core processing systems. • To remain competitive with its private-sector counterparts, in 2002, SBI began the largest implementation of a centralized core system ever undertaken in the banking industry. • The State Bank of India selected Tata Consultancy Services to customize the software, implement the new core system, and provide ongoing operational support for its centralized information technology. • Although SBI initially planned to convert only 3,300 of its branches, it was so successful that it expanded the project to include all of the more than 14,600 SBI and affiliate bank branches. • The State Bank of India has achieved its goal of offering its full range of products and services to all its branches and customers, spreading economic growth to rural areas and providing financial inclusion for all of India's citizens. Report Coverage The implementation of the Tata Consultancy Services (TCS) BaNCS Core Banking at the State Bank of India (SBI) and its affiliate banks represents the largest centralized core system implementaion ever undertaken...
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...[pic] Business Process Integration – I Exercises ECC 6.0 Modified August 2009 Unit 2: Customer Order Management Business Cycle Including Procurement Process for Replenishment of Goods |Purpose of Unit | |The purpose of Unit 2 is to demonstrate the Customer Order Management Business Cycle beginning with a quotation and ending with recording | |final payment received from the customer. This process will include the procurement cycle as you will need to procure the items for sale. | Exercise 1: Logging on to the SAP System Enter the following: ➢ Select server name provided by the course lead ➢ Click on [pic] ➢ Client number provided by course lead ➢ User ID (e.g., User-100) provided by course lead ➢ Password (e.g., init) provided by course lead ➢ Select EN as the language ➢ [pic] (Enter) Once you have pressed enter, the system will prompt you to change your password the first time you log on to the system. The following pop-up screen will appear. Enter your new password Repeat your new password Select [pic] (Enter) This will log you onto the system. The following page is a screen shot of the SAP Easy Access Menu you should see if you have been successful. If you can not get logged on to the system...
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...Russian commercial banks in comparison with Western once Commercial banks are in the business of providing banking services to individuals, small businesses and large organizations. Today's commercial banks are more diverse than ever. The goal of this essay is to clarify is there any significant changes for the institutional structure of the Russian banking system during last 5 year, make comparison between Commercial banks VTB24 (Russia),Barclays (England) and Goldman Sachs (USA)to understand the progress of developing Russian commercial banks. In 2012 active growth of retail lending in the Russian banking sector continued. Corporate lending was growing at slower rate and the share of corporate credit in the Bank assets decreased. At that, the share of deposits remained at a high level. Notwithstanding the fact that attraction of the population's funds grew at a slower rate - almost twice slower than the growth of the credit portfolio - the population still remains the net creditor of the Banking sector. VTB24 is the country’s second largest retail bank as regards the volume of loans provided to the population as well as regards the volume of deposits made by the population, it exceeds the nearest following banks by more than 3 times. At the end of December 2013, VTB24 owned total assets of RUB 6,789.6 billion (US$ 210.7 billion).Figure 1 provides an overview of the structure of VTB’s assets in 2013. With 63%, loans and advances to customers account for the largest share...
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...I.INTORDUCTION 1. History, Ownership, Management, Culture, Organizational Structure FPD Asia Property Services, Inc. trails back its history in 1990 when it was first established by a Hong Kong-based group as First Pacific Davies Property Management, Inc., the first company to introduce the concept of professionalizing property management in the Philippines. In 2000, the company merged with Savills, a UK-based property services group, and became FPDSavills. In 2005, the company became a wholly-owned Filipino company and became what it is known today – FPD Asia Property Services, Inc. In accordance with our ISO 9001:2008 and 14001:2004 certifications, FPD Asia adheres to its Quality, Environmental, Health & Safety Policy — In fulfilment of the vision to be the premier property services company in the Philippines, FPD Asia Property Services, Inc. is committed to provide client satisfaction while promoting a green environment in a healthy and injury-free workplace. Thus, we shall be: * Focused in fulfilling the needs of our present and future clients by providing high quality and cost-effective property and facilities management services in accordance with international standards; * Persistent in promoting, establishing and maintaining the QEHS management system by continually reviewing the set objectives, targets, and programs while complying with applicable legal and other requirements; and * Diligent in communicating this policy, applicable QEHS systems...
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...+ = INSURANCE OVERVIEW Understanding Insurance INSURANCE LIFE GENERAL Insurance is a system to alleviate financial losses by transferring risk of loss from one entity to another. ‘Insurance’ is basically a sharing device. The losses to assets resulting from natural calamities like fire, flood, earthquake, accidents, etc. are met out of the common pool contributed by large number of persons who are exposed to similar risks. This contribution of many is used to pay the losses suffered by unfortunate few. However the basic principle is that loss should occur as a result of natural calamities or unexpected events which are beyond the human control. Secondly insured person should not make any gains out of insurance. It is natural to think of insurance of physical assets such as motor car insurance or fire insurance but often we forget that creator of all these assets is the human being whose efforts have gone a long way in building up the assets. In that sense, human life is a unique income generating assets. Unlike the physical assets, which decrease in value with passage...
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...Master Manager. 1.Phil Knight An American business magnate and philanthropist, Philips Hampson Knight was born on February 24,1938. He is the co-founder and chairman of Nike,Inc. and previously served as the chief executive officer of Nike. Knight set out on a trip around the world after graduation, during which he made a stop in Kobe,Japan in November 1962. It was there he discovered the Tiger-brand running shoes, manufactured in Kobe by the Onitsuka Co. So impressed with the quality and low cost, Knight made a cold call on Mr. Onitsuka, who agreed to meet with him. By the end of the meeting, Knight had secured Tiger distribution rights for the western United States. Knight's first sales were made out of a now legendary green Plymouth Valiant automobile at track meets across the Pacific Northwest. By 1969, these early sales allowed Knight to leave his accountant job and work full-time for Blue Ribbon Sports.Jeff Johnson, a friend of Knight, suggested calling the firm Nike, named after the Greek winged goddess of victory. Nike's logo, now considered one of the most powerful logos in the world more for its ubiquity than its aesthetic merits, was commissioned for a mere $35 from Carolyn Davidson in 1971. Phil Knight have managed Nike, Inc. with full of confidence and efforts then make his business become well known worldwide. Starting from $500, Phil and his former coach track,Bill Bowerman invested to start Blue Ribbon Sports, the progenitor to Nike. That shows his will...
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...Table Of Contents Brief Company Information Brief History and Company Information----------------------------------------------------------- 2 Mission and Vision Statement------------------------------------------------------------------------3 Industry and Competitive Analysis Industry Dominant Economic Features-------------------------------------------------------------4 Porter’s Five Competitive Factors-------------------------------------------------------------------4 Key Success Factors-----------------------------------------------------------------------------------6 Driving Forces------------------------------------------------------------------------------------------8 Industry Competitors-----------------------------------------------------------------------------------9 Strategic Map-------------------------------------------------------------------------------------------10 Strategic Position Hambrick Model---------------------------------------------------------------------------------------12 SWOT Analysis----------------------------------------------------------------------------------------14 Company Competitive Strategy----------------------------------------------------------------------17 Leadership and Corporation Culture-----------------------------------------------------------------19 Company Resources and Competencies-------------------------------------------------------------21 Competitive Strength Assessment-------------------...
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...DEFINITION OF MYOB (Mind Your Own Business) MYOB was founded in the late 1980s by Christopher Lee and a team of developers at Teleware, Inc., who developed accounting software. Teleware was purchased by Best Software, Inc. (now part of Sage) in 1993. Data-Tech Software was the Australia republished of the MYOB products and, in 1997 entered into an agreement with Best Software to buy the company (renamed MYOB, Inc.) and bought the intellectual property rights to the software. In 1999, Data-Tech changed their name to MYOB Limited and listed on the Australian Stock Exchange (ASX) on 9 July 1999. In subsequent corporate development, MYOB Limited merged with Solution 6 Holdings in 2004. Though the company was originally founded in the US, it ceased operations outside of Australia in 2008. On 6 December 2008, Acclivity announced it acquired MYOB US Inc. and its Mac (and PC) development team from MYOB Limited of Australia. Acclivity will now drive global development of MYOB's Mac OS business management products – Account Edge Basic, Account Edge Pro and Account Edge Pro Network Edition. In January 2009, a private equity consortium led by Archer Capital completed a takeover bid for MYOB, returning MYOB to private ownership. On 21 August 2011, Archer Capital sold MYOB to Bain Capital for an undisclosed amount. The acquisition gives Bain Capital a majority stake in MYOB alongside management who will continue to be shareholders in the company. MYOB now has a suite of subscription-based...
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...History of Bank Banking in the modern sense of the word can be traced to medieval and early Renaissance Italy, to the rich cities in the north like Florence, Venice and Sialkot Genoa. The Bardi and Peruzzi families dominated banking in 14th century Florence, establishing branches in many other parts of Europe.[9] One of the most famous Italian banks was the Medici Bank, set up by Giovanni di Bicci de' Medici in 1397.[10] The earliest known state deposit bank, Banco di San Giorgio (Bank of St. George), was founded in 1407 at Genoa, Italy.[11] Origin of the word The word bank was borrowed in Middle English from Middle French banque, from Old Italian banca, from Old High German banc, bank "bench, counter". Benches were used as desks or exchange counters during the Renaissance by Florentine bankers, who used to make their transactions atop desks covered by green tablecloths.[12] Definition of bank A bank is a financial institution and a financial intermediary that accepts deposits and channels those deposits into lending activities, either directly by loaning or indirectly through capital markets. A bank connects customers that have capital deficits to customers with capital surpluses. Listed Bank operates in Bangladesh Central bank • Bangladesh Bank In 1972 the Government of Bangladesh reorganized the Dhaka branch of the State Bank of Pakistan as the central bank of the country, and named it Bangladesh Bank with retrospective effect from 16 December 1971. State-owned...
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...TABLE OF CONTENT 1. Introduction 1. Summary of the news 2. Objective 2. Discussion 2.1 Background 2.2 Effects 2.3 Monetary policy 2.4 Global effects 2.5 Cons 2.6 Reasons of decreasing interest rate 3. Reference 4. Original text 1. Introduction: 1. Summary: This news mainly suggests us that, China government has decided to reduce its interest rate by a quarter percentage point for both loaning and deposit. It is the first time of China to reduce interest rate since 2008. 2. Objective: Why china do this kind of change? What are the pros and cons after this change? How will it affect China itself and even the whole world economy? I would like to analysis the reason why China reduces the interest rate and using monetary policy to explain the effect after this action. 2. Discussion: 1. Background: Being affected by debt crisis, European counties are facing the economy recessionary problem very seriously. They have to cut down their imports, and the shrink of European market leads to the reducing of other countries output directly. As the “world factory”, (the largest production manufacturing in the world) China is affect too and has to cut down its output to Europe as a matter of course. We know that the net output can be directly linked to the country’s GDP. Cutting down of the demand will lead to slowing down...
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...Yahoo! Case Analysis May 9 2007 Jason Drohn Bradley Bierer Carol Woods Michelle Victory Paul Rapela The strategy of implementation of an established dot com company, struggling to leverage current advertising methods with business objectives. Table of Contents Executive Summary......................................................................................................................... 3 History: ............................................................................................................................................ 5 Problem ........................................................................................................................................... 7 Competitive Analysis ....................................................................................................................... 9 Yahoo Financials............................................................................................................................ 12 Economics ..................................................................................................................................... 19 Demographics ............................................................................................................................... 23 Market Analysis............................................................................................................................. 30 CPM ..........................................................
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