...Walnut is the common people food. It is nutritious, has a brain, kidney, beauty, lipid-lowering effect of four. Walnuts and walnut or China's traditional export commodities. However, due to the hard walnut shells, hand stripping nuclear extremely inconvenient and time-consuming. Therefore, raising the level of mechanization take walnut kernel, the production process is an urgent problem. Walnut Huller is mainly used for rigid walnut sheller, a complete different rates, and the yield of different varieties of walnut nuts, one is the structure by regulating the motor speed, the rotational speed of the wind speed and the size of the internal fit. The other is by adjusting the internal clearance, to achieve the best effect shelling. Walnut huller main features Walnut huller from the rack, the fan rotor, single-phase motor, screen (the size of two kinds), into the hopper, vibrating screen, belt wheel and drive belt and other components. After the normal operation of equipment, walnut quantitative evenly and continuously into the hopper, walnut repeatedly hit in the rotor, Friction, collision broken down, and crushed walnut shells in the rotation of the rotor and the wind pressure blow, through certain pore size screen (the first threshing with a large hole mesh, small fruit skin after cleaning the mesh apertures replaced second peel) filtration, separation. Walnut hull, tablets in rotating fan blowing force, to make lightweight body shell is blown, the heavier the fruit through...
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...INTERNATIONAL ECONOMICS The 3 commodities chosen are 1) Tobacco leaf 2) Walnuts 3) Buffalo meat 1) Tobacco leaf: Tobacco, one of the most widely-used addictive substances in the world, is a plant native to the Americas and historically one of the half-dozen most important crops grown by American farmers. From 1617 to 1793 tobacco was the most valuable staple export from the English American mainland colonies and the United States. Until the 1960s, the United States not only grew but also manufactured and exported more tobacco than any other country. The largest tobacco company in the world by volume is China National Tobacco Co... World tobacco leaf exports from 2010-2011 averaged 1.98 million tonnes per year which the FAO expects to grow by 1% to 2.2 million by 2012. Today developing nations are responsible for almost 65% of global tobacco exports, while developed countries account for the remainder. Of the countries below, the domestic economies of Zimbabwe and Malawi depend most heavily on tobacco exports to the rest of the world. Production by country: Country or region Production in thousands of tons China 2,298.8 India 595.4 Brazil 520.7 United States 408.2 European Union 314.5 Zimbabwe ...
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...Harvard Business School 9-899-062 Rev. December 7, 1998 Walnut Venture Associates (A): RBS Group Investment Memorandum Ralph Wagner pulled his file on the RBS Group, a young company that developed and sold accounting software specifically targeted to software companies. Wagner was a private investor—an “angel”—and a member of an informal group of other investors known as Walnut Venture Associates. (See Exhibit 1 for background information on Walnut) RBS was seeking to raise $2 million in equity capital to fund its growth. Wagner had agreed to take the lead role in evaluating RBS as an investment opportunity for Walnut. While Wagner would spearhead the process, each individual would make his own decision about whether to invest in the company. It was December 26, 1997 and Bob O’Connor, RBS’s founder and CEO, had presented to the Walnut group one week ago. The group had been impressed with O’Connor, with RBS’s business focus, and with the fact that the company had a product, sales and even earnings. Based on this positive first impression, the group had decided to take the next step and begin a more in-depth investigation of the company and its prospects. Half a dozen or so “Walnuters” had indicated an interest in possibly investing, and it was up to Wagner to come up with a due diligence agenda for these individuals. He pulled out RBS’s plan (See Exhibit 2) and began to sort through the issues the group should investigate during this phase, as well as an...
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...Diamond Foods Accounting Scandal BACKGROUND: Founded in 1912 as a walnut grower cooperative, Diamond Food’s primary business involved buying walnuts from local California growers, processing the product, and reselling it. The San Francisco-based company converted from a cooperative to a public corporation in July of 2005, issuing its initial shares for $17. By 2010, Diamond Foods (DMND) had expanded and acquired a number of snack food companies including Kettle Brand® Chips and Pop Secret® popcorn and was negotiating the acquisition of the Pringles brand from the Procter & Gamble Company (Diamond Foods, 2014). The addition of the Pringles brand would make Diamond the second-largest global snack foods company behind PepsiCo, Inc., owner of the Frito-Lay brand (Byron & Ziobro, 2011). Although the new ventures took precedence, Diamond’s walnut business remained the highest commodity cost to the company. In order to maintain relations with the growers, Diamond had to assure they offered a competitive price for the product; however any recorded increase in walnut price would decrease both the company’s reported earnings and their reported earnings per share (EPS). Despite rising walnut prices, the company consistently posted EPS that defied analyst projections. Between the 2010 SEC Form 10-Q second quarter filing and the SEC Form 10-K of FY 2011, the price of Diamond stock jumped from $39 dollars per share to $90 per share (SEC, 2014). On January 9, 2014, the Securities and...
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...nuts: Almonds $7500/6000 = $1.25 Brazil $7125/7500 = $.95 Filberts $6750/7500 = $.90 Pecans $7200/6000 = $1.20 Walnuts $7875/7500 = $1.05 Cost of nuts per mix: Regular mix: .15($1.25) + .25($.95) + .25($.90) + .10($1.20) + .25($1.05) = $1.0325 Deluxe mix: .20($1.25) + .20($.95) + .25($.90) + .20($1.20) + .20($1.05) = $1.07 Holiday mix: .25($1.25) + .15($.95) + .15($.90) + .25($1.20) + .20($1.05) = $1.10 2.) Let R = number of regular mix produced D = number of deluxe mix produced H = number of holiday mix produced The following linear programming model can be solved to maximize profit contribution for the nuts already purchased. Max = 1.65R + 2D + 2.25H .15R + .20D + .25H < = 6000 Almonds .25R + .20D + .15H < = 7500 Brazil .25R + .20D + .15H < = 7500 Filbert .10R + .20D + .25H < = 6000 Pecans .25R + .20D + .20H < = 7500 Walnuts R > = 10,000 Regular D > = 3000 Deluxe H > = 5000 Holiday The optimal solution-using Lingo is $61,375. This would be your maximum profit using the objective function above. The profit from the Regular mix would be $17,500; the profit from the Deluxe mix would be $10,625; and the profit from the Holiday mix would be $5,000. 3.) Looking at the dual prices one can see that additional almonds are worth $8.50 per pound for TJ and additional walnuts are worth $1.50 per pound. Looking at the slack variables one can see that additional Brazil nuts, Filberts nuts, and...
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...Blue Diamond Walnuts Kahlfanie Carabon Keller School of Management April 19, 2015 Executive Summary Today’s walnut market is growing increasingly. It is projected to increase by over 25 percent in the next 3 years, (USDA, 2014). There is a grand opportunity provided by the rise in walnut demand that come s in the form of a brand extension for Blue Diamond to extend its reach into the walnut market. This extension would be two fold. The first would be opening up production to support our walnut products. The second would be securing that production in China’s rich walnut market. There is a high demand for walnuts in China, represented by their high import of the nut. The opportunity is prime for brand extension. The market has evolved in such a way that it will be strong enough to secure this move. The strengths come from several factors which are, demographics, history and awareness. The demographics factors are strong and numerous. The infrastructure is there, the people or future workers are there and the consumers are already supporting the product, just without the Blue Diamond stamp on it. History tells us of China’s linage with nuts in general that has proclaimed them as the number one exporter of nuts. An article by William Neuman in the NY times reads, “Last year, China was the top foreign buyer of American walnuts, and in 2007, it became the leading export market for pecans. Altogether, China bought $737 million in tree nuts from the United States last year...
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...The allelopathic effects of juglone containing nuts Catherine Qin, Manavi Nagai, Whitney Hagins, and Reginald Hobbs* Department of Science AP Biology Lexington High School, 251 Waltham Street, Lexington, MA 02421 *Correspondence: rhobbs@sch.ci.lexington.ma.us Abstract Allelopathy is the inhibition of the growth of a plant by the allelochemicals, produced by a nearby plant, into their shared environment. It is a form of chemical warfare used by plants to defend their territory and resources, thus reducing interspecific competition1. Although some allelopathic plants produce agents that may benefit rather than harm surrounding species, the majority release chemicals that are toxic to others. To explore this biological phenomenon, the effects of allelopathic nuts of the family Juglandaceae, containing the novel allelopathic agent juglone, were tested on the germination of plants sensitive to allelopathy and those shown to be resistant. Based on previous studies examining allelopathy, it is expected that sensitive plants treated with this agent would cause negative affects on germination, while the seeds that are known to be resistant, would undergo relatively normal germination. The results of these experiments are generally consistent with this model of allelopathic toxicity and resistance. Allelopathy is a unique phenomenon in nature that is relatively new to the scientific community, and the results of this experiment are not only relevant to basic botanical research, but also...
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...Walnut Venture Associates RBS Group is a complete accounting application solution provider targeting its products to software companies. Their product, SOFTRAX, provides software companies with a full-package of solutions spanning in financials, sales & marketing, customer support and software operations. Robert O’Connor, RBS’s founder and CEO was seeking a $2 million second round venture capital financing to support their regional sales offices growth and recruit personnel in sales, implementation & customer support. Though RBS is still a young company, it indicates to position itself in a unique niche market within a solid market. They have seasoned management team and have allied with several key clients and partnerships. What’s more important, RBS had positive earnings since starting the business. Walnut Venture Associates, a group of Angel investors seeking early-stage type investment opportunities in the New England market, is among parties interested in providing capital to RBS. It is definitely a right decision for them to make investment in such promising company. However, this angel group has an investment policy capping the investment commitment ranging for $250 thousand to $1 million in a single round of financing. In addition, taken into consideration of RBS’ aggressive expansion risk, it is viable for Walnut to persuade management team in RBS Group to reduce financing amount to $1 million. Before investment, Ralph B. Wagner, the leader of this investment...
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...geographically dispersed and have a riskier appetite although their funding volumes are much smaller Others reasons include more informal investment criteria and more flexible business arrangements as compared to VCs. Particularly around investing in deals less than $1MM (“capital chasm”) since VCs weren’t available to fund in this category and funded >$1MM. Angels are typically affluent individuals that have made it big as a direct result of prior experience in the industry so their vast knowledge and industry experience is of tremendous value to startups. Some angels are more socially minded rather than financially motivated which becomes another reason for entrepreneurs to seek financing from them. Walnut was impressed with the CEO Bob O’Connor and his business focus. Also, Walnut was happy with the fact that the company had a product, sales, and earnings. From an industry perspective, RBS was in a thriving software industry and the business model was easy to get and understand....
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...[Report Title] [Subtitle] [Name], [Title] [Company]— [Address] T: [Main Telephone] DD: [Direct Phone] E: [Email] Executive Summary To replace any placeholder text (such as this paragraph) with your own, click to select it and then press any key. When you add the title on the cover page, the control containing the title remains. This is because there is another title control in the header that will automatically populate with the title you add on the cover page. To replace the logo on the cover page or in the header, or the photo on the cover page, start by selecting it. When you do, you see a bar across the top—click the icon on that bar to select your own logo or image for replacement. Word automatically sizes and formats your image to fit the space allotted. The table of contents that follows picks up any text that you format using Heading 1 through Heading 3 styles. To update the table after you add your own information to the document, click in the table of contents and then click the Update button on the bar that appears across the top of it. Note: Body text such as the paragraphs above are formatted using the default Normal syle. This paragraph is formatted using the style named Normal - Space After to create the space between the executive summary and the table of contents. Contents Executive Summary 2 Heading 1 3 Heading 2 3 Heading 3 3 Heading 2 3 Heading 1 4 Heading 2 4 Heading 2 4 Heading 1 This template uses a few tables to create the page...
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...9-807-027 REV: AUGUST 1, 2008 ROBERT F. HIGGINS VIRGINIA A. FULLER NatuRi Corporation In February 2006, Aravind Cherukuri and Kartik Natarajan were reviewing their options for raising capital for NatuRi Corporation, the company they had founded together in 2005. With operations split between Chennai, India, and Boston, Massachusetts, NatuRi had developed a biological compound that showed promising effects in cholesterol management. The compound, discovered by Aravind’s mother, biological scientist Rukmini Cheruvanki, was derived from the byproducts of rice bran oil (RBO) production. Early animal trials had demonstrated that the compound was effective in lowering “bad” cholesterol while simultaneously increasing levels of “good” cholesterol. If manufactured for human ingestion, the compound would provide a natural alternative to synthesized cholesterol-lowering drugs on the market. Although NatuRi was still in the start-up stage, it had captured the attention of at least four potential investors willing to offer a seed investment. Having just received a term sheet from Waltham Partners, a well-known East Coast venture capital firm, Aravind and Kartik were now forced to weigh their options and determine which of the four potential investors currently interested in their venture would be most appropriate for NatuRi’s future growth. Their funding decision for this stage would also impact options for later rounds of funding. The duo had to decide on NatuRi’s ...
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...DESTEP analysis A common approach for examining the general business environment is doing a DESTEP analysis. To be able to manage the future opportunities and threats the demographical, economic, social, technological, ecological and political factors will be analyzed. In the following we will execute a DESTEP Analysis on the food sector of the Chinese market. Demography Urbanization has been of great influence on the consumption of nuts. According to Yang and Gale (2015) per capita purchases of nuts by urban residents are 2.5 times higher compared to the rural residents. The urban population in China has been increasing annually and is now 52 percent of the whole population. It is expected that urbanization will continue to rise due to the fact that authorities are reducing the barriers to rural-urban migration. By 2030, the UN expects the partitioning of rural and urban population to be 38% and 62%. It is also expected that the contribution of urbanization allows the GDP to grow from 75% to 95% in 2025. (Hefele and Bade 2011) Expansion of convenience stores, highway rest areas, and airport shops and the growth of e-commerce increase the number of marketing channels for nuts. Chinese rural and urban population between 1985 and 2011 (Source: The National Bureau of Statistics of PRC) Chinese rural and urban population between 1985 and 2011 (Source: The National Bureau of Statistics of PRC) Economy The growth of China’s emerging middle class has brought a sweeping...
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...Stephen Choi MF602 March 12, 2013 Walnut Venture Associates (A): RBS Group Investment Memorandum The RBS Group’s business seems promising and I suggest investing $1 million in the business, exiting in three years, that is, at the end of fiscal year 2000-2001. Milestones While the business seems quite promising, there are certain milestones RBS will need to achieve in the following three years. First, within the next month RBS will have to hire a vice president who will focus on sales since its second phase will focus on increasing sales to secure market share. While the current executives of RBS have done a great job, they will need additional expertise since the sales role will switch over to newly hired sales personnel of their regional offices. Also, RBS will need to find another $1million for its next round. Since Walnut Venture Associates can only raise $1million, it is imperative that RBS find another source of funding to power through its second phase of business. Considering the prospect of RBS and its well-established relationship with big technology firms, this should not be too much of a problem. Next, RBS will have to enter the third phase of expanding its business in foreign countries should begin in the beginning of fiscal year 2000-2001. Two years after phase two, its revenue flow is projected to become more stable and cash flow turns to profit. Therefore, this seems to be the right time to enter phase three and boost up its value one last time...
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...STDY 80: Studying & Learning Final Projects: Research Paper SAMPLE RESEARCH PAPER (A) “An Overview of the Hospitality and Restaurant Management Profession” December 12, 2006 By: John Doe STDY 80: Studying & Learning Prof: Kathleen E. High, M.Ed. Mt San Antonio College Hospitality & Restaurant Management Doe: i Thesis Statement: A person who wants to become a professional in the Hospitality and Restaurant Management field should consider gaining both experience and an educational degree in order to enjoy a successful career. Purpose: To help the author understand what it will take to become a professional in the HRM field. Audience: Professor Outline: I. Introduction: The HRM profession is multi-faceted a. An Educational Degree is advantageous; Experience is also key b. Responsible for operations of a functioning food establishment c. The field is diverse and covers all demographics and populations II. Body: The HRM profession is multi-faceted because of the nature of the hospitality and restaurant industry. a. Education - A degree from an accredited university or training from a certified program can be advantageous. i. AS in Hospitality & Restaurant Management ii. BS in Culinary Arts Management iii. Business & Marketing iv. Recreation Management b. Experience – with dedication and hard work, a person may be able to work his or her way from bottom up. i. Getting a foot in the door ii. Learning from observation and practice iii. It takes time ...
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...Walnut Venture Associates: Case Questions (HAND-IN) (1)Angel investors are affluent individuals who provide capital(money) for a business start-up. Angel investors usually receive convertible debt or ownership equity in return for their investment. Angel investors are different from venture capitalists since angels typically invest their own funds meanwhile venture capitalists manage pooled money of others in a professionally-managed fund. There are 2 forces exacerbating the trend towards the prominence of angel investing which include the fact that a generation of entreprenuers had “cashed out” and were looking to utilize their wealth and expertise by investing in start-ups, and that venture capitalists usually deployed capital in larger amounts that $1 million or below. An entrepreneur would seek financing from an Angel because Angels not only have the money to help finance the company, but they also have knowledge and experience that is very helpful to start-ups. The experience and track record of Angels (who usually have started their own company, served as a CEO, etc) is an asset that can’t be matched by a venture capitalist. Part of the reason of this again is because the Angel investor is investing his or her own money, something that will truly incentivize the Angel do to everything in his or her power to make the company succeed. 1) What is your first impression about the RBS opportunity based on the business plan? My first impression about the RBS opportunity...
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