...Mueller-Lehmkuhl GmbH Mueller-Lehmkuhl (ML) was a German producer of apparel fasteners. Apparel fasteners are used in the garment industry. ML had been producing apparel fasteners since the late 19th century. In recent years, they had achieved technological superiority which resulted in high margins for their products. ML valued reliability of their products and fast service to their customers. However, competition and domestic market saturation in the 1980s led ML to a crossroads in which they needed to decide how they would maintain domestic market leadership and while expanding to new markets. Mueller-Lehmkuhl’s Apparel Fastener Products ML utilized an integrated approach in the apparel fastener industry by marketing their fasteners along with the machines to attach the fasteners to garment. Their strategy was to sell manufactured fasteners that were only compatible with ML’s attaching machines. ML produced five types of fasteners: S-Spring, Ring, Prong (Brass), Prong (SS), and Tack. Each product was designed for a specific application. Of the five major product lines, ML had 700 different varieties. In 1985, ML introduced a specialized line of new fashion snap fasteners and tack buttons. The marketing manager believed that this strategy could provide product differentiation that would allow them to increase their market share. This initiative required significant resources from research and development (R&D). At least 33% of the R&D projects...
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...Plot Summary The Firm is the story of Mitch McDeere's employment with the Bendini, Lambert, and Locke law firm. Mitch is a young, ambitious man who recently graduated from Harvard law school. Having excelled in his law program and possessing a strong character, he is recruited by the exclusive firm. The firm promises him a lifestyle that he and his wife, Abby, had never dreamed was possible. The firm provides them with a BMW, low rate mortgage, sign-on bonus, a cash bonus for passing the bar exam, study aid for the bar exam and continuing education following it, the use of a corporate jet and international accommodations, and it repays all of Mitch's outstanding student loans. All of these "perks" are in addition to a great salary and guaranteed partnership in ten to fifteen years. Mitch and Abby are lured by the instant lifestyle upgrade. They are quickly disillusioned by what comes along with the benefits. Employment with the firm is meant to be permanent, and some of the previous partners have died under mysterious circumstances at fairly young ages. Mitch can't help but wonder what is in store for him. As the story unfolds, Mitch learns that he is being followed and all of his conversations are recorded. The surveillance extends beyond his office and into his car and home. Mitch is approached by an FBI agent, Wayne Tarrance, who would like Mitch to cooperate with FBI officials to infiltrate the Bendini law firm. He informs Mitch that the law firm has ties with the Moroltos...
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...Morris W. Ricks Dr. Mindel Speech 101.102 Due Date: June 28, 2011 Persuasive Speech Outline: The USA PATRIOT ACT I. Introduction A. What if your home was raided by the police, and when you asked to see a warrant, an officer handed you a letter signed by the desk sergeant? What if the same officer informed you that he’s taking your cellular phone, because your calls had been monitored? He arrests you, never informs you of the charge, and if released, tells you that you can’t discuss the incident with anyone? You being a well versed citizen of your constitutional rights under the law begin to inform the officer of the first ten amendments, called the Bill of Rights, and your rights have been violated. What if the officer told you that two weeks prior the city legislators got together, and decided that catching criminals has become too difficult of a task? So, they got rid of the first, fourth, fifth, and tenth amendments of the Constitution and now citizens only have six? Well, you would probably advise the officer to zealously avoid the narcotics section of the evidence room. However, what if I told you that this ridiculous scenario I just described is in fact current law at a Federal level, and if all of us as citizens continue to turn a blind eye to the impact this law is having on our way of life, we will watch the very rights I have previously stated slowly, but assuredly dissipate. B. The first article of the U.S Military Code...
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...The FBI's VCF (Virtual Case Files) IT project is one of the most highly publicized software failure in U.S history. The main goal of the FBI’s VCF project was to automate the FBI's paper driven work environment, allow agents and intelligence analysts to share vital investigative information, and replace the obsolete Automated Case Support (ACS) system. The FBI outsourced the code writing for the VCF project in the year 2001 to contractor Science Applications International Corporation (SAIC) based out of San Diego,CA. SAIC delivered 700,000 lines of code that was overly bug ridden, and functionally off target from what the FBI expected, that the FBI had to terminate the $170 million project which included $105 million worth of unusable code. Various government audits and independent reports show that the FBI did not have the proper IT management and technical expertise, and should share the blame for the VCF project failure. At the termination of the project in 2005, Glenn A. Fine, the U.S. Department of Justice's inspector general, described the main factors that contributed to the VCF's failure. His list included the following factors: poorly defined and slowly evolving design requirements; overly ambitious schedules; and the lack of a plan to guide hardware purchases, network deployments, and software development for the bureau. The FBI announced that it would buy off-the-shelf software to be installed in phases over the next four years from 2005-2009....
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...A whistleblower is a person who tells the public or someone in authority about alleged dishonest or illegal activities (misconduct) occurring in a government department or private company or organization. In 2002 Time named three where unique women as its person of year. All three had blown the whistle on what could be easily categorized as the largest scandals by government and corporate organizations. Cynthia Cooper is a native of Clinton, Mississippi who formerly served as the Vice President of Internal Audit at WorldCom. In 2002, Cooper and her team of auditors worked together and often at night and in secret to investigate and unearth $3.8 billion in fraud at WorldCom. At the time, this was the largest incident of accounting fraud in U.S. history. Since leaving MCI, Cooper has started her own consulting firm. In addition, Cooper speaks to professionals as well as high school and college students to share her experiences and lessons learned. Cooper's book about her life and the WorldCom fraud, Extraordinary Circumstances: “The Journey of a Corporate Whistleblower”, was published in 2008. Profits from the book were given to universities for ethics education. Coleen Rowley grew up in a small town in northeast Iowa. She obtained a B.A. degree in French from Wartburg College in Waverly, Iowa and then attended the College of Law at the University of Iowa. She graduated with honors in 1980 and passed the Iowa Bar Exam that summer. In January of 1981, Ms. Rowley was appointed...
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...Apple releases details on US data requests Apple CEO Tim Cook reaches for iPhone as he speaks at Apple's Worldwide Developer Conference (WWDC) in San Francisco on June 10, 2013. US tech giant Apple revealed on Monday it received between 4,000 and 5,000 data requests in six months from US authorities, days after Facebook and Microsoft released similar information. Apple CEO Tim Cook reaches for iPhone as he speaks at Apple's Worldwide Developer Conference (WWDC) in San Francisco on June 10, 2013. US tech giant Apple revealed on Monday it received between 4,000 and 5,000 data requests in six months from US authorities, days after Facebook and Microsoft released similar information. US tech giant Apple revealed on Monday it received between 4,000 and 5,000 data requests in six months from US authorities, days after Facebook and Microsoft released similar information. Apple, Facebook, Microsoft and several other top Internet and technology companies have come under heightened scrutiny since word leaked of a vast, covert Internet surveillance program US authorities insist targets only foreign terror suspects and has helped thwart attacks. In a statement on its web site, Apple said in the period between December 1, 2012 and May 31, 2013, federal, state and local law enforcement had requested customer information up to 5,000 times, related to between 9,000 and 10,000 accounts or devices. Most commonly, these requests were related to criminal investigations, searches for missing...
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...Harvard Business School 9-187-048 Rev. April 1, 1990 Mueller-Lehmkuhl GmbH According to Dr. Richard Welkers, president of Mueller-Lehmkuhl: The merger with Atlas has significantly increased our ability to compete with the Japanese. As we are now the largest single manufacturer of apparel fasteners in Europe, we can reap the benefits of economies of scale. At the moment, we are cost competitive with the Japanese. While the Japanese have lower wages and overhead, we are closer to the market and have lower selling costs. Historically, the Japanese have been most successful when they were the low-cost producer. Currently, the Japanese are pricing 20% below us. It is not enough to offset our quality advantage, but if they can match our quality or drop prices even further, we could have a problem. Company Background Mueller-Lehmkuhl (ML), a West German producer of apparel fasteners, was founded in 1876 as a manufacturer of shoe accessories. Soon after, other products were added, including the singlepost snap fastener. Production of these items increased substantially when the company merged with a Hannover firm called Weiser. In 1929 Mueller-Weiser merged with Felix Lehmkuhl to become Mueller-Lehmkuhl. Sales growth and product diversification continued, and in 1938 the firm was acquired by the Moselhammer group. In 1982 ML formed a joint venture with the German subsidiary of the Atlas group, an American multinational. Atlas was a conglomerate of six major businesses, one...
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...------------------------------------------------- Mueller-Lehmkuhl GmbH Mueller-Lehmkuhl (ML) was a German producer of apparel fasteners. Mueller-Lehmkuhl encountered a difficult situation when vying to keep control of its market share with the entrance of a Japanese competitor by the name of Hiroto Industries (HI) into the market. HI eliminated Mueller’s competitive advantage, as they were able to produce fasteners of relatively equal quality at a much lower price. This was due in part to the fact that HI did not carry the additional cost of maintaining and servicing attaching machines like Mueller. HI had been able to effectively transfer these costs directly to the customers, therefore, allowing them to price their products significantly lower. Additionally, HI had been able to produce universal fasteners that current Mueller customers could utilize with Mueller’s attaching machines. Question 3: Assuming the budgeted income shown in Exhibit 1 is the actual income, the total profit from the sale of fasteners and the sale and rental of attaching machines would be $9.5 million. Also, assuming the predicted sales by fastener product line shown in Exhibit 5 are actual figures, combining them with Exhibit 9 we can get the total manufacture cost of fasteners, which is $69,630,604. We also made assumption on the allocation of sales, general, and administration costs on fastener production. According to information provided in the case, we assume that two-thirds of the R&D...
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...RESUMEN Mueller-Lehmkuhl (ML), una empresa alemana que fabrica elementos de fijación de la ropa. La empresa fue fundada en 1876 como fabricante de accesorios de calzado. Con los años, la compañía se fusionó con otras empresas y creció enormemente. Ellos fueron capaces de producir productos de buena calidad que se tradujo en mayores márgenes y la superioridad tecnológica. ML es conocido por su servicio y fiabilidad de sus productos rápidos. Sin embargo, se ha enfrentado a la saturación del mercado interno y la competencia de la firma japonesa. ML tiene que encontrar una manera de mantener su liderazgo en el mercado interno y la expansión de sus mercados. PREGUNTAS CUBIERTAS 1. ¿Cuánto beneficio hace que Muller-Lehmkuhl sobre la venta de sujetadores? En la venta y alquiler de máquinas de fijación? 2. ¿Cómo funciona el sistema de contabilidad de costes a tratar los costos de diseño de fabricación y volvió a trabajar las máquinas que unen? 3. Cuadro 6 muestra los costos del producto reportado para cinco productos representativos. ¿Qué tan precisa qué crees que estos números son? Si usted piensa que son inexactos, lo que es su mejor estimación de los costos de los productos? Nota total presupuestado dólares directos de mano de obra (incluida la instalación) para 1986 eran $ 1,61 millón (Anexo 1). El contenido de mano de obra directa de dólares (incluida la instalación) de los cinco productos representativos es: Trabajo directo S-Spring: $ 1,32; Anillo:...
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...CASE ANALYSIS | MUILLER LEHMKHUL GMBH | Group - 6 | | Team Members: 1. Adithya J R 2. Bharath. S 3, Karthik Dasari 4. Nanjunda Prasad 5. Nitish 6. SNDS Ramanish Executive Summary : The largest single manufacture of apparel fasteners in Europe, Mueller Lehmkuhl, started as a shoe accessories manufacturer in 1876 and the subsequent organizational reconstructions, acquired technological superiority, diverse product range made it as one of the four major players in the European fasteners market. ML (Mueller Lehmkuhl) is known for high quality, reliable fasteners and prompt support provided. ML's strategy of producing the Attaching Machines for the fasteners and catering the service needs in case of breakdown aided in penetrating into market and building a strong customer base. However, the operations related to the Attaching Machines proved to be a white elephant for the organization. The changing market scenario with respect to the new players in the market, mature growth of the market, changing expectations of the customer, limitations on geographical expansion require ML to re orient the operations to sustain before losing the loyal customers. We perused the intricacies involved in manufacturing of fasteners, attaching machines, production of manufacturing equipment with due consideration to the required technical skill, operational costs etc. The exhibits added further insight into the nuances of running the business. As truly mentioned the product that looks so...
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...[pic] ACCOUNTING 26:010:652 Advanced Topics in Management Accounting Fall 2009 Instructor: Dr. Michael Alles Office: 1WP 928 Office Hours: F 9:00-10:00 or by appointment Email: alles@business.rutgers.edu Phone: (973) 353 5352 COURSE OBJECTIVES In recent years my colleagues and I have noticed that when we are recruiting we come across newly minted PhD students who are usually highly technically proficient in terms of being able to run regressions, do statistical testing, solve analytic models or whatever, but they often fail to demonstrate that they have thoroughly thought about their papers—in other words, when you push them about the implicit and explicit assumptions and implications of their research models, it appears that they haven’t really given these matters much thought at all.[1] Too often they fall back on saying that they are doing what they are doing because that is the way it is done in the prior literature, which is more of an excuse than a answer. (Of course, once a researcher reaches a certain age, they all feel that youngsters aren’t as good as they were in the good old days!) Therefore, in this class we shall go beyond simply studying research in managerial accounting. For many of you, this is your first introduction to accounting research and to PhD level class. Hence, in these classes we shall also learn how to solve business problems systematically and to understand what it means to have thoroughly “thought through” a paper. We...
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...The George Washington University School of Business MANAGERIAL ACCOUNTING Course Syllabus Professor Yun Zhang Phone: 202-994-7532 Suite 601-C Funger Hall Email: yunzhang@gwu.edu 2201 G Street NW Washington DC 20052 Course Introduction Managerial accounting is concerned with the use of accounting data by managers to plan and control (evaluate) personnel and operations of the firm. The focus is on planning, decision-making, and control by the organization and on the accounting systems that managers have to assist them in their decisions about resource allocation and performance evaluation. The course is intended as an introduction for individuals who will make business decisions, evaluate business units, and evaluate others (or be evaluated) through the use of accounting systems. The course will be loosely divided into two topics: cost management systems and managerial control systems. Each topic is briefly described below. Cost Management Systems: The objective of the cost management system is to provide information about the costs of the goods and services sold by the firm. While financial accounting requires that product cost information be accumulated in particular ways for external reporting, the focus in the course will be on cost systems that aid managerial...
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...Strategic Transfer Pricing Author(s): Michael Alles and Srikant Datar Source: Management Science, Vol. 44, No. 4 (Apr., 1998), pp. 451-461 Published by: INFORMS Stable URL: http://www.jstor.org/stable/2634608 . Accessed: 15/08/2011 07:30 Your use of the JSTOR archive indicates your acceptance of the Terms & Conditions of Use, available at . http://www.jstor.org/page/info/about/policies/terms.jsp JSTOR is a not-for-profit service that helps scholars, researchers, and students discover, use, and build upon a wide range of content in a trusted digital archive. We use information technology and tools to increase productivity and facilitate new forms of scholarship. For more information about JSTOR, please contact support@jstor.org. INFORMS is collaborating with JSTOR to digitize, preserve and extend access to Management Science. http://www.jstor.org Strategic Transfer Pricing Michael Alles * Srikant Datar CBA 4M-202, University of Texas at Austin, Austin, Texas 78712 HarvardBusiness School,Accounting and ControlArea, Soldier'sField, Boston,Massachusetts02163 M\ost research into cost systems has focused on their motivational implications. This paper , takes a different approach, by developing a model where two oligopolistic firms strategically select their cost-based transfer prices. Duopoly models frequently assume that firms game on their choice of prices. Product prices, however, are ultimately based on the firms' transfer prices that communicate manufacturing...
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...Harvard Business School Publishing Case Map for Horngren, Foster & Datar: Cost Accounting: A Managerial Emphasis, 10th Edition (Prentice Hall) This map was prepared by an experienced editor at HBS Publishing, not by a teaching professor. Faculty at Harvard Business School were not involved in analyzing the textbook or selecting the cases and articles. Every case map provides only a partial list of relevant items from HBS Publishing. To explore alternatives, or for more information on the cases listed below, visit: www.hbsp.harvard.edu/educators Case Title Institution, HBSP Product Number, Length, Teaching Note Geographical and Industry Setting, Company Size, Time Frame Abstract, Key Subjects PART ONE: COST ACCOUNTING FUNDAMENTALS Chapter 1: The Accountant’s Role in the Organization Chapter 2: An Introduction to Cost Terms and Purposes Carver HBSP United States, Consulting Co. #199006 consulting, 10,000 7p employees, 1994 Daniel Dobbins Distillery, Inc. HBSP #189065 7p TN #189172 Tennessee, liquor distillery, 1988 The managing partner of a relatively new consulting firm is concerned because training costs at the firm's new training center are higher than expected. Analysis of actual costs compared to those expected is required. In addition, he is considering capitalizing some training costs for later amortization. A management control system for the center is also a priority. A distiller increases whiskey production and income declines because of accounting...
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...From Compliance to Practice Mining Companies and the Voluntary Principles on Security and Human Rights in the Democratic Republic of Congo Tanja A. Börzel/Jana Hönke SFB-Governance Working Paper Series 25 • October 2011 DFG Sonderforschungsbereich 700 Governance in Räumen begrenzter Staatlichkeit - Neue Formen des Regierens? DFG Research Center (SFB) 700 Governance in Areas of Limited Statehood - New Modes of Governance? SFB-Governance Working Paper Series Edited by the Research Center (SFB) 700 „Governance In Areas of Limited Statehood - New Modes of Governance?“ The SFB-Governance Working Paper Series serves to disseminate the research results of work in progress prior to publication to encourage the exchange of ideas and academic debate. Inclusion of a paper in the Working Paper Series should not limit publication in any other venue. Copyright remains with the authors. Copyright for this issue: Tanja A. Börzel/Jana Hönke Editorial assistance and production: Tanja Kilper/Sara Gebh/Anna Jüschke All SFB-Governance Working Papers can be downloaded free of charge from our website www.sfb-governance.de/en/ publikationen or ordered in print via e-mail to sfb700@zedat.fu-berlin.de. Börzel, Tanja A./ Hönke, Jana 2011: From Compliance to Practice. Mining Companies and the Voluntary Principles on Security and Human Rights in the Democratic Republic of Congo, SFB-Governance Working Paper Series, No. 25, Research Center (SFB) 700, Berlin, October 2011. ISSN 1864-1024 (Internet)...
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