...1-Compute all industry ratios presented for East Coast Yachts and COMPARE and comment on each ratio as compared to the Industry Median. (60pts) Industry ratios presented for East Coast Yachts Current ratio = $11,270,000 / $15,030,000 Current ratio = 0.75 times Quick ratio = ($11,270,000 – 4,720,000) / $15,030,000 Quick ratio = 0.44 times Total asset turnover = $128,700,000 / $83,550,000 Total asset turnover = 1.54 times Inventory turnover = $90,700,000 / $4,720,000 Inventory turnover = 19.22 times Receivables turnover = $128,700,000 / $4,210,000 Receivables turnover = 30.57 times Total debt ratio = ($83,550,000 – 42,570,000) / $83,550,000 Total debt ratio = 0.49 times Debt-equity ratio = ($15,030,000 + 25,950,000) / $42,570,000 Debt-equity ratio = 0.96 times Equity multiplier = $83,550,000 / $42,570,000 Equity multiplier = 1.96 times Interest coverage = $18,420,000 / $2,315,000 Interest coverage = 7.96 times Profit margin = $9,663,000 / $128,700,000 Profit margin = 7.51% Return on assets = $9,663,000 / $83,550,000 Return on assets = 11.57% Return on equity = $9,663,000 / $42,570,000 Return on equity = 22.70% Liquidity or Short-Term Solvency Ratios Calculate and compare to industry ratios: | East Coast Yachts | Lower Quartile | Median | Upper Quartile | Positive, Negative, or Neutral Relative to Industry | Current Ratio | 0.75 | 0.50 | 1.43 | 1.89 | NegativeIt is not positive as it is lower than median. It shows that...
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...EAST COAST YACHTS 1. The calculations for the ratios listed are: Current ratio = $11,270,000 / $15,030,000 Current ratio = 0.75 times Quick ratio = ($11,270,000 – 4,720,000) / $15,030,000 Quick ratio = 0.44 times Total asset turnover = $128,700,000 / $83,550,000 Total asset turnover = 1.54 times Inventory turnover = $90,070,000 / $4,720,000 Inventory turnover = 19.22 times Receivables turnover = $128,700,000 / $4,210,000 Receivables turnover = 30.57 times Total debt ratio = ($83,550,000 – 42,570,000) / $83,550,000 Total debt ratio = 0.49 times Debt-equity ratio = ($15,030,000 + 25,950,000) / $42,570,000 Debt-equity ratio = 0.96 times Equity multiplier = $83,550,000 / $42,570,000 Equity multiplier = 1.96 times Interest coverage = $18,420,000 / $2,315,000 Interest coverage = 7.96 times Profit margin = $9,663,000 / $128,700,000 Profit margin = 7.51% Return on assets = $9,663,000 / $83,550,000 Return on assets = 11.57% Return on equity = $9,663,000 / $42,570,000 Return on equity = 22.70% 2. Regarding the liquidity ratios, East Coast Yachts current ratio is below the median industry ratio. This implies the company has less liquidity than the industry in general. However, the current ratio is above the lower quartile, so there are companies in the industry with lower liquidity than East Coast Yachts. The company...
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...The objective of this essay is to explore the three situations in which it can be difficult to determine whether it was the defendant’s breach of duty that caused the damage in negligence, or whether it was a ‘novus actus interveniens’. Primarily this essay will address the first situation which is called Natural or “instinctive” intervention. Secondly this essay will identify the second intervention which is called intervening act of a third party. Finally this essay the will explain the third intervention which is called act of the claimant. To understand the role of these three principles the assignment will look at the different cases and the different decisions that have been decided. The first section will describe the Natural (or “instinctive”) intervention and look into the cases that have used this principle. Natural intervention is one of the forms of novus actus interveniens and is used when an unforeseeable natural event has occurred. A natural event will break the chain of causation when it causes damage simply because breach of duty has placed the claimant or their property in a position where the damage can be caused. One case which this principle was used is Carslogie Steamship Co v Royal Norwegian Government. The House of Lords and they decided the defendants were only liable for such loss of profits suffered by the defendants’ wrongful act. They determined that the heavy weather was an unforeseeable natural event and that the damages that were caused to...
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...Grade: A University of London LLB, 2nd year Tort Law Question Amber Valley Primary School was closed 6 months ago by Amber Borough Council (ABC), the local education authority, which owns all the land and buildings. The school has been standing empty while ABC attempts to find a buyer for the site. Although ABC placed fencing around the site, local residents reported that youths had broken into the site on a number of occasions. Last week a group of youths from a nearby young offenders institution, operated by Chigley Services Ltd (CS) under contract to the Home Office, broke into the disused school and set fire to it. The youths had been clearing rubbish from a neighbouring stream and were supposed to have been under the supervision of Justin and Jason, both of whom are CS employees. However, Justin and Jason had gone for a cigarette break and left the youths unsupervised at the time the break-in occurred. The fire caused damage to neighbouring property including a baker's shop owned by Mark. It is likely to be many weeks before the business can reopen and Mark stands to lose many thousands of pounds in lost profits. It later transpired that the fire would not have had time to spread to neighbouring property had the Fire Brigade acted more swiftly. The Amber Valley Fire engine was unavailable at the time and another engine had to be dispatched from Leicester. The crew got lost on the way because they put the wrong address in the sat-nav (satellite navigation)...
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...Life Defining Moments My friend & I were in the car, on our way to Glorietta 4 to catch movie with the rest of the group. She then asked me if some life-defining moments ever occurred. I wasn’t sure what she was talking about & I didn’t have a quick answer for that. I remember her telling me that one of her life defining moments was looking at a framed picture by her bedside, a picture of her and her gorgeous boyfriend, her arms around his neck, in a candid pose. Or something like that. I remember laughing, sine I could have thought of that too. She then explained that a life-defining moment was something you’d like to happen in the future no matter how far-off or crazy it might be. It was like a goal of some sort, but it’s just something conjured up to tickle the imagination. We didn’t dwell on that for long, for the conversation reverted to Harry Potter’s new adventures and the movie that were about to watch that afternoon. I totally forgot it, until a kabarkada now based in Seattle shared her own life-defining moment through e-groups, after that friend of mine (whom I watched the movie with) shared a brand-new one. They were all seeing themselves as successful IT Professionals in power suits rushing from their pad to their office in Manhattan’s Upper West Side. They were either carrying Loius Vitton bags or their slim Compaq notebooks, while talking with a client on their top-of-the-line mobile phones and the, most expensive Armani shades protecting their...
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...than what a company does. Hence it’s communication medium to the rescue. Curard A luxury brand Price and service differential between Cunard and its competitors — White Star Service. Occupies 'upper-range' brand image. Can capitalize on that. Protected by high entry barriers, namely price. But this goes for all it’s direct competitors. Aesthetic service dimensions — elegance, formal 'class' system. Known by all, consumed by few. Brand has sustained itself after creator's death, reason is good management and loyal customer base. One of the oldest brand in this industry Providing 5 star and 4 star facilities under one brand name. Different types of ships under the Cunard Brand (Big Ships eg QE II, yatch) Effect of Cunard Brand on perceived quality and tradition. The Cunard Brand is as strong as the Brand equity. Challenges Maintaining the same customer satisfaction...
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...Prospects of shipbuilding industry in Bangladesh Admin by Dr NM Golam Zakaria The rich history of shipbuilding in Bangladesh dates back to a long ago. Due to congenial geographical location of this part of sub-continent, people living here used to craft wooden boat for commuting and transporting goods. They also nurtured their heritage of craftsmanship in boat building over many centuries and transferred this artistic skill to subsequent generations across different cluster of population. Historical records say that Chittagong port was the best centre of building ocean-going vessels in the middle of the 15th century. Even in the 17th century, the entire fleet of ships of the Sultan of Turkey was built at Chittagong. Also in 1805, the British Navy built ships at Chittagong for the famous battle of Trafalgar. However, with the passage of time, the glory of shipbuilding in this region began to fade. Shipbuilding revived again when a number of local entrepreneurs of Bangladesh brought name and fame for the country by developing potential in shipbuilding by handing over some ocean-going vessels to overseas buyers from Denmark, Finland and Mozambique. Bangladeshi shipbuilders have also handed over few ice-class vessels to a German company and more vessels are going to be delivered by the next few years. Thus shipbuilding in Bangladesh is marching forward in a way to securing a firm position in the world market and at the same time, the country is returning slowly to its past tradition...
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...Prospects of shipbuilding industry in Bangladesh by Dr NM Golam Zakaria The rich history of shipbuilding in Bangladesh dates back to a long ago. Due to congenial geographical location of this part of sub-continent, people living here used to craft wooden boat for commuting and transporting goods. They also nurtured their heritage of craftsmanship in boat building over many centuries and transferred this artistic skill to subsequent generations across different cluster of population. Historical records say that Chittagong port was the best centre of building ocean-going vessels in the middle of the 15th century. Even in the 17th century, the entire fleet of ships of the Sultan of Turkey was built at Chittagong. Also in 1805, the British Navy built ships at Chittagong for the famous battle of Trafalgar. However, with the passage of time, the glory of shipbuilding in this region began to fade. Shipbuilding revived again when a number of local entrepreneurs of Bangladesh brought name and fame for the country by developing potential in shipbuilding by handing over some ocean-going vessels to overseas buyers from Denmark, Finland and Mozambique. Bangladeshi shipbuilders have also handed over few ice-class vessels to a German company and more vessels are going to be delivered by the next few years. Thus shipbuilding in Bangladesh is marching forward in a way to securing a firm position in the world market and at the same time, the country...
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...A revolution is a radical change of an established government, political system, or social structure often accompanied by violence. Imperialism is the policy of extending the rule of an empire or nation over other countries or acquiring and holding colonies and dependencies. Both of these concepts were key during the Cuban revolution held in the XXth century. The Cuban revolution was an armed revolt led by Fidel Castro’s 26th of july movement and allies against the authoritarian government of Cuban president Fulgencio Batista. The revolution started in 1953 and lasted 5 years and a half until 1959 when the rebels finally ousted Batista, however the causes to it weren’t just short term but also long term ones. The purpose of this essay is to analyze both of this types of causes which led together to start the revolution. The long term causes started with the Cuban ten years war also known as the great war in 1868 to 1878. This war was part of Cuba’s fight for independence from Spain due to that it was the first of 3 wars between the 2 countries. In October 10 1868 sugar mill owner, Carlos Manuel Cespedes and his followers proclaimed independence beginning the conflict. The Cuban people demanded 4 main things to the Spanish parliament: Tariff reform, Cuban representation in parliament, judicial equality with Spaniards and full enforcement of a slave trade ban, however the Spanish government denied all of this demands which caused discontent among Cubans and ended in a conflict...
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...3/14/2013 JITESH ANAND 10IB-033 CASE STUDY: LOUIS VUITTON IN INDIA Louis Vuitton in India | Jitesh Anand 1. INTRODUCTION: Luxury Brands in India If it was few decades ago, there was a very limited scenario one could see with respect to the luxury market in India. Those days luxury market was associated with the rich class and with very few upper-middle class people. However, with the involvement of number of international luxury brands in the country, the shape of the luxury market in India has undergone a dramatic transformation. When it comes to the word luxury it is mostly misunderstood with the meaning beyond the reach of common man. With every year passing by, the so called beyond the reach of common man is proving to be a false fact. Luxury products are becoming the necessities not only for the rich class or upper middle class but also for the middle class people. Luxury market in India is build up on basic four elements which are quality, value for money, customer satisfaction and the most important creativity. In order to be successful in Indian market luxury brands should be able to sustain and fulfill these criteria on a long term basis. The Indian luxury market is growing at a rate of 25% which simply implies the consumption of luxury products has been increasing at a fast pace. India is becoming the new destination for luxury brands across the globe and Indian government opening Foreign Direct Investment (FDI) in retail has resulted in many global...
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...Marketing Plan: Suunto Jimmyvan Cogles Guerrero MRKT 5000 Professor Yeager 16 December 2015 TABLE OF CONTENTS I. Executive Summary………………………………….……….………………………………...3 II. Environmental Analysis.…………………………………..…………….…………………………...3 III. SWOT Analysis...………………………………..…………….……….……………………6 IV. Marketing Objectives..…………..…….….……………………………….…..………………..7 V. Marketing Strategies...……………………………………………………..…………………...8 VI. Marketing Implementation.………………………….…….….…….…….……………...……10 VII. Performance Evaluation…………….………..…………………………….......................…….11 References..…………………………………...………………….………........….12 I. EXECUTIVE SUMMARY: Suunto is a world leader in designing and manufacturing sports precision instruments. Since 1936, Suunto has been at the vanguard of innovation and design of sport watches, dive computers, and sports instruments engineered for training, hiking, mountaineering, hiking, skiing, and sailing. Suunto enjoys an esteemed reputation because it delivers intuitive design, accuracy and dependability combining aesthetics and functionality that allows athletes analyze and improve their performance. The demand for fitness products and the rise of wearable technology is a prospect that Suunto must look into. Suunto must look into the feasibility of expanding its product line to produce products that will fill the needs of other users in aviation, and the military for example. This expansion in product...
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...Proceedings of MARTEC 2010 The International Conference on Marine Technology 11-12 December 2010, BUET, Dhaka, Bangladesh STUDY ON SOME COMPETITIVE PARAMETERS FOR SHIPBUILDING INDUSTRY IN BANGLADESH N. M. Golam Zakaria, M.M. Rahaman and Kh. Akhter Hossain Department of Naval Architecture and Marine Engineering, Bangladesh University of Engineering and Technology, Dhaka, Bangladesh gzakaria@name.buet.ac.bd ABSTRACT Despite Bangladesh has glorious history & heritage as a shipbuilding nation since ancient time, shipbuilding has been in focus only from the last couple of years. The optimism about this industry arose from the success attained by a number of local entrepreneurs who brought the name and fame to Bangladesh as a country with great potentials in shipbuilding by building and handing over some ocean-going vessels to overseas buyers. Since then, the shipbuilding in Bangladesh did not have to look back and now new opportunities are knocking at the door to flourish this industry further. However, due to global nature of this industry, an assessment of suitability to modern shipbuilding in terms of global standard is of prime importance. This paper focuses on studying some crucial competitive factors like labour skill, labour availability, labour man-hour, labour cost & productivity for local shipbuilding which are the inherent part for expansion of this industry. The analysis also focuses on the existing access to the resources like materials, knowledge and capital for shipbuilding...
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...INTRODUCTION Selangor is one of the 13 states in Malaysia. It is on the west coast of Peninsular Malaysia and is bordered by Perak to the north, Pahang to the east, Negeri Sembilan to the south and the Strait of Malacca to the west. It completely surrounds the federal territories of Kuala Lumpur and Putrajaya. The origin of the name Selangor is lost in history, although some source claim the name to have come from the Malay word selangau, which gives the meaning of a large fly, most probably due to the abundance of flies in the marshes along the Selangor River in the state’s northwest. Another more plausible theory claims the state’s name was derived from the term Selang Ur meaning “land of the straits” (ur means “land” in Tamil, selang means “straits” in the Malay language). Selangor is also known by its Arabic honorific, Darul Ehsan (“Abode of Sincerity”). Selangor is hailed as the gateway to Malaysia, given its strategic location to all major travel routes. It is home to the Kuala Lumpur International Airport (KLIA), the country’s main entry point and Port Klang, the largest port in Malaysia. There is an extensive network of highways and expressways in the state, making all parts of Selangor easily accessible. The location of Kuala Lumpur, Malaysia’s capital city and Putrajaya, the new federal administrative centre within the bounds of the state further enhances the touristic appeal of Selangor. The magnificent Kota Darul Ehsan Arch along the Federal Highway welcomes visitors...
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...ACKNOWLEDGEMENT First and foremost, I would like to thank God for his infinite love and guidance throughout my practicum. For giving me the strength and knowledge so I have completed my practicum hours. To Pearl Farm for the support and permission to render my On-the-job training to their Luxurious Beach Resort. And to all staff of Pearl Farm who had played a major part in the acquisition of my training, for imparting their skills, knowledge, and for treating me not as an employee but as a part of their family. A word of appreciation to Mr, Ronnie Mark Batoon our Academic Head at STI Tagum Campus, for the knowledge, support, and for those inspirational words that they had shared with us especially to our Food and beverage servicing and production instructor Sir Jerwin Luisen and Mam Jeanette Rabia. And also of course Mr, Nebur L. Go who extend his arms to develop my skills and interest. Thank you for believing in my skills and capabilities. Especially to my very loving Classmates who’s now I considered as my family who had been a big part of this endeavor, for giving me the courage to do what I need to. For all the hardships, patience, love and support on my everyday decisions. You guys raise me up from getting drown, lifted me to see what’s really below, waken me up what is the right thing what to do. Thank you for always being there for me. And also for my family for the expenses. To my co-trainees for helping me face this challenge. For giving me the knowledge...
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...on The Great Gatsby by Fitzgerald Marxist literary critics tend to look for tensions and contradictions within literary works. This is appropriate because Marxism was originally formulated to analyze just such tensions and contradictions within society. Marxist literary critics also see literature as intimately linked to social power, and thus their analysis of literature is linked to larger social questions. Since Marxism is a belief system which can be used to analyze society at the grandest or most detailed level, Marxist literary criticism is ultimately part of a much larger effort to uncover the inner workings of society 1. Title of the Book – The Great Gatsby: Gatsby became rich because, most probably Cody – the owner of the yatch, left him money but at the same time he is was committed to earning money at an early stage in his life. And the adjective Great added to the word noun, accounts for Fitzgerald reason why a man could be called a great that is he struggled hard to achieve the love of his life by trying to raise his stature. The word “Great” is added to emphasize the fact that he rose from rags to riches, and this fact should be respected and valued. Nick: “I suppose he'd had the name ready for a long time, even then. His parents were shiftless and unsuccessful farm people--his imagination had never really accepted them as his parents at all. The truth was that Jay Gatsby, of West Egg, Long Island, sprang from his Platonic conception of himself. He was a son...
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