...the year ending in two thousand and ten was two point ten billion dollars. The year ending in two thousand eleven was three point seven billion dollars. The year ending in two thousand twelve was four point two billion dollars. The cost of goods sold in two thousand ten was two point 3 billion dollars. The cost of goods sold in two thousand eleven was three point three billion dollars. The cost of goods sold in thousand and twelve was four point two billion dollars. The depreciation and amortization expense for two thousand and ten was two point five million dollars. The depreciation and amortization expense for two thousand and twelve was three point one million dollars. The depreciation and amortization expense for two thousand twelve was three point six million dollars. The depreciation for two thousand ten was two point one million dollars. The depreciation cost for two thousand eleven was two point eight million dollars. The depreciation cost for two thousand and twelve was two point nine million dollars. The amortization of intangibles for two thousand and ten was one million and five thousand dollars. The amortization of intangibles for two thousand and eleven was two point one million dollars. The amortization for two thousand and eleven was two point five million dollars. The amortization for intangibles for two thousand and twelve was three point four millions dollars. The cost of goods sold in two thousand and ten was fifteen point five percent. ...
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...But if you said, “If you work harder, you would get paid more” that should mean teachers, nurses, police officers, and etc., should be paid a lot more than what they are currently being paid. In part, the issue is about equity – or the lack of it. Compensation for senior executives, especially CEOs, has climbed to levels that strike many as excessive under almost any circumstances. The Corporate Library reports that CEO pay at the nation’s 500 largest firms averaged about $10.9 million a year – plus another $364,000 in perks (Schings, 2014). The gap between the boss and workers has also stretched to levels that many find difficult to comprehend. The Institute for Policy Studies estimated that the average CEO earned about 319 times more than the average worker in 2008, compared to a multiple of 42 in 1980. The sums paid to executives on Wall Street are greater still, routinely reaching the tens of millions (Schings, 2014). Pay norms are so high in the financial services sector, for example that $17 million bonus paid to J.P. Morgan Chase Company Chairman James Dimon has been called a “concession to criticism.”(In 2008, Dimon’s...
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...these fields disregarding the fact that Corning was not designed to compete in a fast moving commodity market. So, although sales were down Corning still relied on making their profits with out competition pressures. They relied on patents, technical know how and substantial capital investment joint. Corning started to see problems when its sales force started to focus on volume of sales without a concern for gross margins. The Sales group booked as many orders as they could to meet sales goals. Sales were giving away the store, claimed manufacturing. Marketing was just as bad. They projected a market for a product, had manufacturing make samples and spend on capital investment, only to come back later and say the market is not ten million, but, one million. Marketing claimed manufacturing was to slow to react to market conditions. Marketing clamed Product Development wasted time, up to seventy percent of product roll out was spent on process development. What happened was the trust that is necessary for departments to be able to work closely together went away. Through all of this lack of leadership, the company still held monthly meetings. Represented at these meetings in many cases were managers how did not know what was going on. If they were not meeting their goals, they were able to slip them out. People at the meetings agreed to disagree. Rogers did understand what his company's problems were, and planed to take the steps needed to get back on track. He new he needed to...
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...them, but they don’t have any control over them (much like in our own life). We can define three major areas, but these are just the large groups, they just give a general outline. Political-legal environment: The effects of this are quite visible. Just think of the effect of changing taxes, or raising interest rates. If the legal system, pushed by politics lowers he acceptable emission rates, companies may have to invest in new equipment or close down. Technological state (R+D): Technology can bring millions to one company and take millions from another. Organizations on the frontier usually experience a boom, with many following, but some rivals may go bankrupt. A good manager has to be aware of change and embrace technology to gain an edge on competition. Social-Cultural environment This is a very important but also very diverse category. Think of a company in China and a company in Hungary. A Hungarian company only has to produce for a potential market of about 10 million. A Chinese company has a potential market of 1.3 billion., which is 130 times as much! That alone is a huge difference, and we haven’t even touched cultural differences. For example in India, McDonalds probably wont sell any hamburgers made from beef because they don’t eat that there. A manager has to keep all these in mind when leading an organization! Inner environment (microenvironment) This is the environment that an organization can influence. It may not be able to correct all flaws in the microenvironment...
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...commensurate to the damage incurred or both. Any person found guilty of the punishable act under Section 4(a)(5) shall be punished with imprisonment of prision mayor or a fine of not more than Five hundred thousand pesos (PhP500,000.00) or both. If punishable acts in Section 4(a) are committed against critical infrastructure, the penalty of reclusion temporal or a fine of at least Five hundred thousand pesos (PhP500,000.00) up to maximum amount commensurate to the damage incurred or both, shall be imposed. Any person found guilty of any of the punishable acts enumerated in Section 4(c)(1) of this Act shall be punished with imprisonment of prision mayor or a fine of at least Two hundred thousand pesos (PhP200,000.00) but not exceeding One million pesos (PhP1,000,000.00) or both. Any person found guilty of any of the punishable acts enumerated in Section 4(c)(2) of this Act shall be punished with the penalties as enumerated in Republic Act No. 9775 or the “Anti-Child Pornography Act of 2009″: Provided, That the penalty to be imposed shall be one (1) degree higher than that provided for in Republic Act No. 9775, if committed through a computer system. Any person found guilty of any of the punishable acts enumerated in Section 4(c)(3) shall be punished with imprisonment of arresto mayor or a fine of at least Fifty thousand pesos (PhP50,000.00) but not exceeding Two hundred fifty thousand pesos (PhP250,000.00) or both. Any person found guilty of any of the punishable acts enumerated...
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...Sol Davitt HSA 410 Professor Moore-Ramos 15 July 2013 Hospices Under Federal Scrutiny Investigations by federal agents have found that many hospices, especially in Florida, have systematically billed Medicare for patients not eligible for care or over-billed for “crisis care” that patients did not need. A huge false-billing lawsuit has been launched against Miami-based Vitas Healthcare, one of the nation’s largest hospice providers, accusing the organization of collecting tens of millions of dollars through unjustified and inflated bills (Lamendola). The suit came after four years of investigation in which the government found that eleven smaller hospices had been over-billing. Those hospices had to pay $88 million in settlements. And in January the government joined a lawsuit accusing Hospice of the Comforter near Orlando in phony billings at an estimated $11 million. The federal Inspector General’s office overseeing Medicare has placed hospice overcharges among one of its investigative projects for the year. They have also proposed tightening billing codes that hospices have used to increase Medicare payments six-fold since 1998 (Lamendola). Paul Ledford, executive director of the Florida Hospice & Palliative Care Association says that although hospice has escaped scrutiny over the years, they are getting more attention now. He does not think that hospices in Florida are committing fraud but that instead they are big targets for the government due to the fact...
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...culture. In the United States, Every day millions of office and break time conversations center on the local team’s most recent performance, an upcoming game, the impending draft, the current coach, the future coach, and so on. according to the existing records, in United States of America, there are less than 110 Teams of the 4 main organized professional sports, basketball, baseball, hockey, and, football participating in the main League level fixtures annually. There are less than 90 Stadiums spread over 25 States. Today, sports has become a money making alternative for not only players but also the coaches or managers, the media, and schools participating in sports. Salaries for professional athletes continue to escalate each year. From Alex Rodriguez’s record, $252 million contract to David Beckham’s $50 million per year enticement to join the LA Galaxy soccer team, most sports fans believe that professional athletes, in general, are overpaid and not worth their salaries. Yet for the professional athlete, maximizing compensation is critical, given the short careers and health risks associated with the sports profession. Thus, athletes and their agents often look to see what others within their sport are paid in an effort to negotiate for more money. Few, if any, have compared athlete compensation across sports (Rod Hilpirt, Scott Wysong, Sheila Hartley, Mike Latino & Andrea Zabkar). In major team sports, star players command millions of dollars per season, often with guaranteed...
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...comes down to logistics, and it's how Walmart works. Every year, we move millions of products from manufacturers to Walmart distribution centers, and from distribution centers to the shelves in our stores. Distribution Centers Walmart’s 158 distribution centers are hubs of activity for our business. Our distribution operation is one of the largest in the world. Walmart logistics has a fleet of 6,500 tractors, 55,000 trailers and more than 7,000 drivers. Download Hi-Res Photo * A regional distribution center can have up to 12 miles of conveyor belts, which can move hundreds of thousands of cases through the facility each day. * There are 9 disaster distribution centers, strategically located across the country and stocked to provide rapid response to struggling communities in the event of a natural disaster. * Each distribution center is more than 1 million square feet in size, and uses more than 5 miles of conveyor belts to keep products moving to our stores 24 hours a day. * Every distribution center supports 90 to 100 stores in a 200-mile radius. Trucks and Truck Drivers Walmart is able to move goods to and from distribution centers because we maintain a private fleet of trucks and a skilled staff of truck drivers. We think our team of drivers is the best in the world. They’re part of one of the largest and safest fleets, and every year they drive 700 million miles to make millions of deliveries to our stores and clubs. Each driver averages around 100...
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...Table of Contents * Introduction * Overview of an Automotive Industry * Place of the industry in an economy * Automotive industry in world’s economy * Automotive industry in Turkish economy * Trade perspective * Conclusion The automotive sector is a developing sector in the world. Its importance has increased drastically for the economies of countries. In this sector, the competition between companies has been increasing and with this expected increase; the elements such as efficiency in production, efficient use of resources have become an essential part of it. Therefore characteristics such as; investing on research & development , quality management , relationships between main and sub-industry collaboration , qualified employment has been on the competitors list in order to beat the competition. Automotive industry is one of the world’s largest industry that have been received the largest investments. In the scope of research & development and production, it has received 85 billion euros investment and the countries that have received an investment, have a tax income of 433 billion euros which proves us how big the industry is in the world. Automotive industry has a turnover of two trillion euro. Therefore this economy scale equals to economy of a country that is the sixth one of the world. In Turkish automotive industry, we would witness the same kind of structure. If we take a look at the proportion of it in the...
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...CONSULTING CLUB CASEBOOK 2004/2005 CASES Page 6 of 48 Copyright 2004, Do not copy or distribute without permission CONSULTING CLUB CASEBOOK 2004/2005 SOURCE / FIRM: DATE / CONTEXT: ISSUES COVERED: ISSUE/PROBLEM POSED: INFORMATION PROVIDED: SOLUTION: OTHER USEFUL TIPS: Page 9 of 48 BOOZ ALLEN HAMILTON 2nd round interview for summer internship 2004 Brainteaser Estimation How would you value a football (soccer) player? Business Case None I went around the houses a bit on this one. Identified sources of revenue for a football club including: Ticket revenue, Revenue from TV coverage, Sponsorship Merchandise sales (e.g. shirts) Talked around how to determine the contribution that an individual player makes to those revenue streams The final conclusion was that the best way to divide the portion of revenue related to the actual players (over their lifetime) between the team would be based on individual ratings (like those published for each player in the fantasy football league) Talked around valuation as the present value of future cash flows related to each player Open discussion with structure maintained through making notes and drawing tree diagrams was appreciated – used diagrams as prompt for directing discussions Copyright 2004, Do not copy or distribute without permission CONSULTING CLUB CASEBOOK 2004/2005 SOURCE / FIRM: DATE / CONTEXT: ISSUES COVERED: ISSUE/PROBLEM POSED: INFORMATION PROVIDED: SOLUTION: ...
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...Chapter 21: The Roaring Life of the 1920s Section 1: Changing Ways of Life I. Rural and Urban Differences A. Between 1922 and 1929, migration to the cities accelerated, with nearly 2 million people leaving farms and towns each year (small town values change) 1. City dwellers judged one another by their accomplishments more often than their background a. City dwellers tolerated drinking, gambling, and casual dating (shocking and sinful in small towns) 2. Cities could be impersonal and frightening b. Life was fast paced and neighbors were not as neighborly B. Prohibition: the manufacture, sale, and transportation of alcoholic beverages were legally prohibited 3. 18th Amendment: ratified Jan, 1919 and repealed by the 21st Amendment in Dec, 1933 C. Positive Opinions/Results of Prohibition: 4. Progressives wanted it banned to stop family violence, crime, and poverty c. Support for prohibition was found in the rural native-Protestant dominated West and South d. The church-affiliated Anti-Saloon League led the drive to pass Prohibition e. Woman’s Christian Temperance Union considered drinking a sin 5. WW I reformers advocated prohibition as a war measure f. People were concerned that many German Americans owned many of the brewers g. Drinking reduced the efficiency of soldiers and workers 6. Learned we must...
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...INTRODUCTION: Euroland Foods S.A is a multinational producer of high quality ice cream, yogurt, bottled water and fruit juices. Its products are primarily sold throughout Scandinavia, Britain, Belgium, the Netherlands, Luxembourg, western Germany, and northern France. In early January 2001, the senior management committee of Euroland Foods S.A was called together to come up with the firm’s capital budget for the new year. There were 11 projects up for consideration that the committee was faced with and had totaled more than (euro) EUR316 million. Unfortunately the board of directors had set in place a spending limit of EUR120 million. Even with this restriction the investment at this rate would cause a major increase in the firm’s current asset base of EUR965 million. The firm’s main challenge was to allocate the funds among a range of projects to satisfy the following: new-product introduction, acquisition, market expansion, efficiency improvements, preventative maintenance, safety, and pollution control. BACKGROUND OF FIRM: Theo Verdin, a Belgium Farmer, as an offshoot of his dairy business, founded Euroland Foods S.A in the year 1924. Theo paid great attention to product development and marketing, and because of his close attention to detail the firm had grown steadily over the years. The company had gone public in 1979, and by 1993, was listed for trading on the London, Frankfurt, and Brussels exchanges. In the year 2000, Euroland Foods S.A had approximately...
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...Walmart has been taking the necessary steps to move toward 100% sustainable seafood for the better part of ten years. In working with the MSC they are establishing guidelines for fisheries and encouraging their suppliers to process and distribute sustainable fish, be it wild caught or certain farm raised varieties. As of the end of 2009, “Walmart’s wild seafood was 55% MSC certified… you can’t be 100% certified when you can’t be certified on a number of products. We’re working with MSC to encourage them to build these other certifications standards.” While Walmart is making the necessary changes on the back end to improve the sustainability in their supply chains, they have not truly begun advertising the value of sustainable seafood to their customers. As a result, customers are less likely to pay the higher costs for these “sustainable” alternatives, when they do not recognize the value. In the article outlining Walmart’s Sustainability Strategy specific to inventory management within their seafood supply chain, The Fishin’ Company is one supplier that has embraced Walmart’s asks, spending more time, effort and money to adhere to their sustainability standards. One of the main issues that Walmart faces is the length of time in which it takes for a fishery or supply-company to become MSC certified; the process can take up to two years. Given the increased demand, Walmart cannot afford this lapse in time. Walmart needs to work with the MSC to expedite the process. In order...
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...confessing. Thus, confession is the dominant strategy (see game theory) for each. But when both confess, the outcome is worse for both than when both keep silent. The concept of the prisoners’ dilemma was developed by RAND Corporation scientists Merrill Flood and Melvin Dresher and was formalized by Albert W. Tucker, a Princeton mathematician. The prisoners’ dilemma has applications to economics and business. Consider two firms, say Coca-Cola and Pepsi, selling similar products. Each must decide on a pricing strategy. They best exploit their joint market power when both charge a high price; each makes a profit of ten million dollars per month. If one sets a competitive low price, it wins a lot of customers away from the rival. Suppose its profit rises to twelve million dollars, and that of the rival falls to seven million. If both set low prices, the profit of each is nine million dollars. Here, the low-price strategy is akin to the prisoner’s confession, and the high-price akin to keeping silent. Call the former cheating, and the latter cooperation. Then cheating is each firm’s dominant strategy, but the result when both “cheat” is worse for each than...
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...Mohamed Rawoof Steffann/ENG111 11/22/2012 How to Defeat Greed People always want to chase their ambitions, and fulfill their dreams, but once they have reached it, new goals are created. Greed to set higher standards in life is a common way of being dissatisfied. Income is a great example of dissatisfaction amongst many people, but the key to satisfaction is not reaching a specific income, or accomplishing a goal, but rather achieving happiness. Money is a great desire for most people, but the rich can still be just as unsatisfied as the poor .This happens because the perspective of money is not depended entirely on wealth, it is also on the desire a person has for it. Someone can remain forever unsatisfied by money because of their view on it. Some people perceive money to be evil because of the way it controls a financial life-style, but it is merely just a tool from a rational perspective. Changing the perspective of money can change the outlook of life because it can help avoid selfish desires and make a person more financially stable (Klontz). If there was only one person in the world, and he was a billionaire, he couldn’t be considered “rich” because he wouldn’t have the “poor” to compare to. If rich and poor are measurements of wealth, they only exist due to comparison. This means that eliminating a view point based on comparison also has an effect on a person’s view of wealth. Gambling is the perfect example of the human’s dilemma. Many people are aware that...
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