...ASSIGNMENT: Research And Report Writing Undertake A Business Project And Report The Findings And Recommendations To The Stakeholders Of The Business BUSINESS RESEARCH CASE THE PROBLEM: Your client has recently acquired an existing business however has limited management experience and has done very little research on the business before purchasing it. He is now encountering a number of strategic challenges that seem unsurmountable. He wants to find solutions to the many challenges the business is undergoing. The Client now recognises that the success of his business relies on effective and efficient planning and management of the business work activities. This involves understanding the interrelationship of business processes and the implementation of operational plans, quality, and health and safety systems; and developing the skills needed to design and implement operational systems to improve effectiveness and efficiency to achieve the desired results for the business. The Client now believes that business research and management and leadership expertise are the key to improving the business. He has contracted your management firm with the aim to gain reliable information as a basis for good strategic management and leadership decisions and the expertise to implement these decisions. THE TASK: You are a senior partner in a management firm. Your company provides business research and consultation services to clients. The management firm engages in business research...
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...There are certain accounting reporting criteria contained in the International Financial Reporting Standards (IFRS) and Generally Accepted Accounting Principles (U.S. GAAP) that have been used to standardize the way companies book their assets, expenses and liabilities. Open the possibility to report the assets at current market value can generate risks in terms of control; this is because market price can be adjusted due to managers’ and accountant point of view so in the end this can be used as a path to incur in fraud. Accounting principles has to give a unique way to book the assets, expenses and liabilities and should close as much as possible the opportunity for interpretation. During the last nine years, different companies have been involved into highly publicized fraud scandals, as a result of having “improperly accounted billion of expenses, assets and liabilities”. These had created a negative impact on public views regarding the accounting community. Many people began arguing for stricter regulations in the accounting industry. To have and use global high quality accounting standards in order to achieve greater transparency, clarity, consistency and comparability of the financial reports is not only necessary, but also has become a social request. I consider that for purposes of consistency, reliability and comparability, companies should not have the freedom to report their assets at current market price or cost, this alternative reporting methodology would make...
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...estimated the risk free rate using knowledge of what we believe will happen in the near future. Currently, the yield on 10-year treasury bills is 1.98%. This is low because the country is recovering from the latest recession. We believe that because of the expected economic recovery, this will change in the next few years and that a more realistic risk free rate looking forward is 3%. Next, we determined an appropriate expected market return. After looking at the response of historic S&P 500 returns following similar dips in the economy, we decided to use 7.5% as our expected market return in our valuation. The cost of capital for Caterpillar we calculated with the CAPM equation is 10.02%. Financial Statement Projections In order to valuate the stock of Caterpillar, it was necessary for our group to use the analyst articles, the company’s annual report, and other outside sources to project Caterpillar’s financial statements over the next few years. First, we projected the revenues and cost of goods sold. One analyst report suggested that the construction market would experience an increase in business in the next few years due to positive trends in US constructions and growth in developing countries. Also, we noted that the growth in revenues has increased drastically since 2009 when there was almost a 40% decrease in revenues. This was due to a decreasing demand resulting from the decline in economic growth worldwide. Following 2009, Caterpillar saw an increase of 32%...
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...Client Understanding Paper It is very important that our clients understand how we evaluate their financial and accounting information. As an accountant, I am responsible for evaluating my client’s financial paper. In this paper, I will be discussing how my client’s financial papers will be evaluated. I will do so by analyzing the following topics: adjusting lower cost of market inventory on valuation, capitalizing interest on building construction, recording gain or loss on asset disposal, and adjusting goodwill for impairment. The Financial Accounting Standard Boards (FASB) established the guidelines and the General Accepted Accounting Principles (GAAP) that should be followed when preparing and evaluating any financial and accounting statements. Adjusting lower cost of market inventory on valuation There are different methods used to evaluate inventory. When evaluating inventory, it is best to pick a method that will work well for the company in which you are evaluating. Inventory are tangible personal property, which are held for sale in the ordinary course of business, are in the process of production for sale, or are to be consumed in the production of goods to be available for sale (Schroeder, Clark, & Cathey, 2005). According to Schroeder, Clark, and Cathey (2005) it is important to valuate inventories for two major reasons. First, inventories generally represent a major section of current assets; therefore, they have a major impact on a company’s working capital and...
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...capacity were utilized. Second, management needed to decide whether to invest excess funds in new or existing businesses, or to return them to the companies shareholders by paying higher cash dividends or repurchasing stock. To resolve the first issue, it is recommended that the Marriott corporation calculates several coverage ratios so that it can evaluate it's ability to cover the costs associated with varying levels of debt. There are three coverage ratios, corresponding to the costs associated with increased debt leverage, recommended by Higgins n his book. These ratios are times interest covered, times burden covered, and times common covered. To calculate these ratios EBIT is divided by a specific cost, or sum of costs, to determine how well profits are able to support them. Alternatively, “percentage EBIT can fall” could be calculated with regards to each type of cost, to determine the percentage amount that EBIT could decline from its expected level before the corresponding coverage ratio drops to 1.0. A coverage ratio of 1.0 is critical because any lower coverage indicates that operating income will be insufficient to cover the financial burden under consideration. While each ratio is associated with a specific burden imposed by debt, they all communicate this similar concept. While...
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...Out method, was ruled as not an acceptable accounting method for valuation of inventories in 1930 by the Supreme Court. This was after issues with many companies seeing LIFO as the most accurate way to valuate their inventories, which caused many law suites and lead to the final decision by the Supreme Courts. Due to people such as George R. Husband who saw LIFO as a “manipulation of income rather than ‘truth’,” it was difficult for companies to prove that the method should be recognized for its advantages to stockholders. There is also the issue that LIFO can be used to lower taxes substantially and that fact alone made many very suspicious of businesses wish to implement the acceptance of LIFO. Though there are many opposing the use of this method, there are many reasons it should be accepted. The “Conformity Rule” was developed as a constraint for LIFO after much debate and demand, so that companies could be regulated. Basically it requires companies to use LIFO across all of its financials so that they are not just using the method to lower their taxes. So instead of just using it for valuation of inventory, it is also used to calculate net income. Though many were fighting very hard to keep LIFO out of GAAP, others were having a very different argument and that’s how LIFO came into use. LIFO had the former SEC Chairman on its side which seemed to have an effect on its credibility. Though Husband looked at users of LIFO as manipulators of their financial statements...
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...Name: Laura Blumberg Class: ENG 101 Professor: Kristin Sheldon Date: 06/10/2012 Audience Paragraph The audience for this essay: “Some aspects of myths, rituals, and religious beliefs of Orthodox and Baptist communities” is addressed to the people who are educated, and often meet to discuss approaches in regards to similar, yet different things. Most of these people, men and women of differing ages, have at least finished high school, while a great majority went to college. They are from all social classes, and through education, they have achieved good knowledge and understanding of the topic. Their beliefs and religious practices show that they share the same ideas, however, some differences can be found among them. Some aspects of myths, rituals, and religious beliefs of Orthodox and Baptist communities It is said that mythology is different from religion, because mythology has prepared the appearance of religion or other forms of culture and, unlike religion, mythology remains an anonymous work. From the begging, the church spread quickly its influence throughout most of the Roman Empire, despite much of the opposition. The Orthodox churches revert back to what was seen as original forms of worship, while the Baptist church, on the other hand, had a much slower path of evolution. It is important to make a distinction between three short words: mythology, religion, and Christianity....
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...2015 IEEE International Conference on Robotics and Automation (ICRA) Washington State Convention Center Seattle, Washington, May 26-30, 2015 A General Technique for Fast Comprehensive Multi-Root Planning on Graphs by Coloring Vertices and Deferring Edges Christopher M. Dellin Siddhartha S. Srinivasa {cdellin,siddh}@cs.cmu.edu The Robotics Institute Carnegie Mellon University Abstract—We formulate and study the comprehensive multi-root (CMR) planning problem, in which feasible paths are desired between multiple regions. We propose two primary contributions which allow us to extend stateof-the-art sampling-based planners. First, we propose the notion of vertex coloring as a compact representation of the CMR objective on graphs. Second, we propose a method for deferring edge evaluations which do not advance our objective, by way of a simple criterion over these vertex colorings. The resulting approach can be applied to any CMR-agnostic graph-based planner which evaluates a sequence of edges. We prove that the theoretical performance of the colored algorithm is always strictly better than (or equal to) that of the corresponding uncolored version. We then apply the approach to the Probabalistic RoadMap (PRM) algorithm; the resulting Colored Probabalistic RoadMap (cPRM) is illustrated on 2D and 7D CMR problems. I. I NTRODUCTION Many real-world tasks require a robot to quickly accomplish multiple subtasks without a prescribed order. Consider a personal...
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...process that is key to generating good habits and a payment culture among clients.it can also be seen as s business activity whose primary objective is to generate returns for the institution, converting losses into income.. . the importance of effective collection management which affects the business’ performance BACKGROUND OF THE STUDY The researchers chose to study the effectiveness of collection management practices of selected motorcycle dealer in Batangas City. This is conducted due to high risk that the motorcycle dealers encounter if they didn’t manage their collections effectively. Motorcycle dealers have different payment mode such as payment through cash, installment, credit, and the like. It made the researchers wonder how important the collection management to the financial status of their businesses. It says that if you don't have a credit and collections policy, or if you haven’t reviewed your policy in a while, it’s time to get started, it is important to design and actively implement a credit and collection policy. The researchers find out problem such as having a loan amounts that exceed the client’s capacity to pay and over indebtedness; customers has poor references or poor attitude towards paying on time; or lack of risk management rules can affect generating revenue. This study became their interest for everyone must know the importance of awareness of the problem and benefits from collection practices. ...
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...=Index(strategies, match()) locate the optimal strategy for bidding or revenue. However, the expected surpluses and expected revenues were graphed independently, which will give individuals the same result with visuals. Refer to Appendix A - Figure 1 for N=3 graph. In this instance, the bidding strategy that produced the most utility was 0.30 where the revenue was 0.46. Therefore, the bidder should utilize a 0.30 strategy to ensure they obtain the highest amount of surplus. Under N=3 bidders, the optimal strategy being 0.3 is very intriguing because it means that your bidding strategy should be 33.3% of your valuation (vi), which is equivalent to the strategy the other bidders are using with the (1-1/N) formula. Consequently, the bid is dependent on how many bidders there are in the auction, and one should not bid less than a percentage than that of...
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...Interviews Literacy is usually understood as the reading, writing, arithmetic abilities. The term also includes the skills to use language, images numbers, and computers to communicate. An interview to five parents was conducted in order to understand how they view the importance of literacy and the steps used to implement it with their children. The interviews showed that all parents see literacy as highly important in the children’s lives. It was stated that through literacy children develop their speaking and listening skills, help children to improve strong vocabulary, to express themselves and communicate better with others. And stimulates motivation, comprehension, curiosity and memory skills. It was very interesting to see how al the...
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...Teradyne, Inc. is an American company that sells automatic test equipment, along with service contracts to cover the downtime and repair of these complex products. Founded in 1960, Teradyne was the leader in automatic test equipment until 2006. The company is structured in four divisions, each one with its own management and internal structure: Broadland Test, Assembly Test, Semiconductor Test and Vehicle Diagnostic Solutions. Although Teradyne’s headquarters are located in Boston, its divisions are headquartered in Illinois and North Reading, in U.S.A., and Manchester in UK. Over the years the importance of Asia in the electronics industry grew amazingly, especially China, which dominated the industry’s growth at greater than 20 percent of sales in the 2002-2005. While Europe and the Americas were expected to grow 3 percent per year from 2005-2008, it was expected that China would grow 12 percent per year during the same period – China’s importance in the market was expected to grow from less than a tenth in 2002 to over a third in 2008. As a result of this incredible growth, Teradyne built a facility in Shanghai. However, despite the industry’s growth in the Chinese territory, in late 2003 the Teradyne’s market share in China was only one third of what it was in Europe and North America. Jeff Hotchkiss, president of Teradyne’s Assembly Test Division, was sent to Shanghai to find and solve the problem. I. Recognizing the Problem There are several problems in Teradyne’s...
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...Caledonia Products March 24, 2013 BUS 401 Principles of Finance Caledonia Products Caledonia products is a company in which wants to foresee if the company should be invested into and if it has potential to invest. As we focus on free cash flows other then accounting profits because there are flows in which the firm receives and can reinvest. By only examining cash flows which is, “the amount of cash available from operation after the firm pays for the investment it has made in operating working capital and fixed assets. This cash is available to distribute to the firm’s creditors and owners.”( Keown, A., Martin, J., & Petty, J. (2011). Foundations of finance (7th ed.). We are only interested in these cash flows on after tax basis only as these are the flows which are available to the shareholder. Second, it is only the incremental cash flows which interest the company by looking at the project from the point of the company as a whole; the incremental cash flows are the marginal benefits from the project and are the increased value to the firm of accepting the project. Depreciation is not a cash flow term; it does affect the level of the differential cash flows over the project’s life because of its effect on taxes. Depreciation which is an express item and the more depreciation incurred, the larger are expenses. The accounting profits become lower and in turn, so do taxes which are cash flow item. When evaluating the capital budgeting proposal, the sunk costs are...
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...Utsuda’s strategy by using the STAR Model by Edward E. Lawler (1996). Strategy * Mitsui wants to become a global business enabler that meets customer needs. * Company strategy: * Who: customers throughout the world (company is present in 79 countries). * What: a broad array of products and services in five business areas. * How: by embracing the challenge of continuous innovation and the belief that employees are the core drivers of value. Structure * Mitsui is one of the largest corporate conglomerates in Japan and operates in five different business areas: * Petroleum and natural gas. * Information technology, electronics and power plants. * Chemical production. * Minerals and metals. * The company is matrix-oriented and split into three regions, which are managed independently. * Thirteen headquarter business units serve as cross-regional, vertically integrated functions. Rewards * Mitsui offers lifetime employment. * The company has a results-based remuneration scheme that focusses on short-term quantified targets and subsequently under-valuates results that cannot be measured numerically, such as positive customer relationships. * This system has led to a decline in employee morality. Processes * Management platform centered on internal controls and corporate compliance. * Extensive program to create an open and honest corporate culture. People * Conservative management with...
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...manner except as a homework assignment submission. Duplication, reproduction or display either physically or electronically for any other purpose without the author’s written consent is prohibited. Introduction The Course Project is an opportunity for you to apply concepts learned to a real-life simulation experience. Throughout the Course Project, you will assume that you work as a financial analyst for Aero Plain, Inc. The Course Project is provided in two parts as follows: Part I – In Part I, you work with Aero Plain, Inc. staff to identify the best loan options, as well as to valuate stocks and bonds. Part II – In Part II, you will provide the company with a recommendation for purchasing a new machine. You will base your recommendation on the Net Present Value (NPV) of the capital investment project using the cost of capital (WACC) as your discount rate. PART I | Here is how you will be graded: | Possible | Earned | Task 1: | Assessing loan options | | | | Convert APR to EAR: | | | | Screen Shot | 3 | | | Calculations | 7 | | | Decision | 5 | | | Calculate payments | 10 | | | Calculate total of payments | 10 | | | Decision | 5 | | | Calculate LoansRUS monthly payments | 10 | | | Calculate LoansRUS total payments | 5 | | | Decision | 5 | | Task 2: | Bond Evaluation | | | | At what coupon rate will the market price equal the par value? | 10 | | | What is the difference between...
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