I generally agree with the arguments presented by Freddie Jones and my comments on his claim are as below: 1). I agree with his claim that payment system should be changed from hour rate into piece rate as to stimulate the employees’ incentive to produce efficiently. When paid by hour rate, the employees have no financial incentive to work efficiently because that paying system does NOT get their earning related to their productivity so. On the contrary, the piece rate will encourage higher efficiency
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PIPER JEFFREY DEVOLDER Jones Electrical Distribution After several years of rapid growth, in the spring of 2007 Jones Electrical Distribution anticipated a further substantial increase in sales. Despite good profits, the company had experienced a shortage of cash and had found it necessary to increase its borrowing from Metropolitan Bank—a local onebranch bank—to $250,000 in 2006. The maximum loan that Metropolitan would make to any one borrower was $250,000, and Jones had been able to stay within
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Jones Electrical Distribution ------------------------------------------------- Jones Electrical Distribution In the past several years, Jones Electrical Distribution is profitable, but it is in the condition of cash shortage. With its 2007’s sales go up, Jones need borrow more money to help its rapid development. Then he got a maximum line of credit $350,000. With our analysis report, we help Jones to choose whether to take advantage of 2% trade discount, we can observe that Jones’credit
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After reading Nickel and Dimed by Barbara Ehrenreich and watching the documentary Roger and Me, it’s easy to compare the desperation the people seem to have in both of these circumstances. Barbara Ehrenreich wrote Nickel and Dimed to demonstrate the desperation of the jobs that an unskilled worker has. Millions of Americans work for poverty-level wages, and one day Barbara Ehrenreich decided to join them. She was inspired in part by the rhetoric surrounding welfare reform, which promised that any
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Pride and Prejudice Elizabeth Bennet At the beginning of the book when Elizabeth and Darcy meet, they do not like each other very much. They actually dislike each other. This dislike continues through a large portion of the book. Darcy feels his social and financial status puts him above Elizabeth and that is most of the problem. Elizabeth feels that Darcy and those like him are automatically snobbish and so she really didn’t give him much of a chance in the beginning but his arrogant manner
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1 RTVF 010 Hill1 5/8/14 Film Analysis Paper Assignment: The Avengers The Avengers is an outstanding movie with a storyline that makes it hard for the viewer to look away. It is about an evil man from another world, Loki, who comes to earth to steal an energy source of unknown potential, the tesseract, to try and take over the world. The leader of the earth’s peace keeping agency has went out and gathered The Avengers; a group of superheroes that consists of Iron Man, Captain
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I. SHOW US AN ACTIVITY YOU ENJOY DOING. TELL US HOW YOU THINK IT CONTRIBUTES TO YOUR PERSONAL AND PROFESSIONAL DEVELOPMENT The activity that contributes the most to my personal and professional development is my volunteering in an association, called Leo Club. This is a youth organization of Lions Clubs International, a secular service organization founded in 1917. The word LEO stands for Leadership, Experience, Opportunity: its purpose is to promote, through young people, social services in
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Devin Carr Cases in Finance 9/13/11 Jones Electrical Distribution In the case of Jones Electrical, after running pro-forma financial statements for the year 2007, Mr. Jones should forgo taking the trade discounts. Although it would seem advantageous to pay suppliers within the discount period (2/10/net 30), the amount of capital required is beyond the capability of the business and the extent that Southern Bank & Trust was willing to provide. As it can be seen from Exhibit 1, the amount
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Jones Electrical Distribution Electric Suppliers Finance Essay Introduction Jones Electrical Distribution is an Electrical company which has predicted that sales for the company will increase. However, over the years the company has experienced some difficulties in its cash flow and decided that in order to keep the company in operation, it was evident that additional financing would be needed in the form of a loan. However, the loan limit for borrowing could not have exceeded $250,000.00. This
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Summary This memorandum addresses some of the key issues with Edward Jones, which includes the lack of an online presence, possible cannibalization from larger firms, and the inability to manage funds from institutional investors. I conclude that the most effective of all of the theorized strategies would be a combination of Edward Jones’ original business model with an online platform. This plan would allow Edward Jones to stay true to its fundamentals, as well as attract new clientele and provide
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