...Ralph Lauren Corporation Industry: When assessing the financial position of Ralph Lauren Corporation (RL), an investor must also look at the financial condition of the industry in which the company resides. In the case of Ralph Lauren, the company falls under the industry of apparel, accessories, and luxury goods. The company has brought the world a luxury brand of lifestyle goods since its humble beginnings in 1967. According to Standards and Poor’s Net Advantage (S&P), the industry is neutral with the expectation that accessories and luxury goods will out-do apparel within the next term (S&P Net Advantage, 2014). Ralph Lauren Corporation has a recognizably strong brand and has many accessories and luxury goods that will put them in a good position even if the apparel side of the company lacks in any way. Financial Position and Outlook Ralph Lauren currently “holds leading market shares in department stores” (S&P Net Advantage, 2014). The financial position of the company is in good standing and has resulted in a steady growth of net income over the past five years. Measuring liquidity is a way to know RL’s ability to turn an investment back into cash when needed (Brealey, Myers, Marcus, 2012, p.44). With a current ratio of 2.6, this indicates that the company has short-term financial strength with the ability to meet creditor’s demands (Yahoo Finance, 2014). When looking at the price-earnings (P/E) ratio, it is important to also look at the competitors P/E...
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...PETRONAS GAS BERHAD PETRONAS Gas Berhad (PGB) has been in business for 30 years and is still growing strong. Since its incorporation in 1983, PGB’s business has vastly expanded in spite of challenges faced. Today, PGB has prospered as Malaysia’s leading gas infrastructure and utilities with business presence throughout the country. ORGANISATIONAL STRUCTURE Definition of corporate governance “…is the process and structure used to direct and manage the business and affairs of the company towards enhancing business prosperity and corporate accountability with the ultimate objective of realizing long term shareholder value, whilst taking into account the interest of other shareholders”. The Board of Directors (Board) of PETRONAS Gas Berhad in this Corporate Governance Statement complies with paragraph 15.25 of the Main Market Listing Requirements (MMLR) and applied in full the Principles of Corporate Governance and the Best Practices in Corporate Governance as set out in the Malaysian Code on Corporate Governance. Principle 1: Establish Clear Roles and Responsibilities The chairman leads the Board, and the President and Group Chief Executive Officer (CEO) leads the executive management of the Company and provides direction for the implementation of the strategies and business plan as approved by the Board and the overall management of the business operations Groupwide. The Board of Directors (Board) of PETRONAS Gas Berhad recognizes that its primary...
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...Problem 1 Messinger Manufacturing Company had the following account balances for the quarter ending March 31, unless otherwise noted: (Assume actual costing is used) Work-in-process inventory (January 1) $ 140,400 Work-in-process inventory (March 31) 171,000 Finished goods inventory (January 1) 540,000 Finished goods inventory (March 31) 510,000 Direct materials used 378,000 Indirect materials used 84,000 Direct manufacturing labor 480,000 Indirect manufacturing labor 186,000 Property taxes on manufacturing plant building 28,800 Salespersons' company vehicle costs 12,000 Depreciation of manufacturing equipment 264,000 Depreciation of office equipment 123,600 Miscellaneous plant overhead 135,000 Plant utilities 92,400 General office expenses 305,400 Marketing distribution costs 30,000 Required: Calculate: a. Cost of goods manufactured. b. Cost of goods sold. Problem 2 Jacobs Company manufactures refrigerators. The company uses a budgeted indirect-cost rate for its manufacturing operations and during 20X5 allocated $1,000,000 to work-in-process inventory. Actual overhead incurred was $1,100,000. Ending balances in the following accounts are: Work-in-Process $ 100,000 Finished Goods 750,000 Cost of Goods...
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...Dorise Henderson American Intercontinental University Unit 5 Individual Project Microeconomics (ECON220 -1601A-06) February 5th, 2016 Abstract In todays’ assignment we will describe and analyze the impact of those mergers, on industry, on consumers, and on society as a whole. We will also describe the principles firm, their industry, and that summarizes arguments in support of the merger and arguments opposing the merger. When we think about many of the major companies today we are able to see that many of the big businesses like Office Depot have brought out Office Max and one of the reasons is because they wanted to be the strongest as a company in their area of sells against their rival in 2011. Well to be honest it may seem simple but it actually a little there is a little more to it, so let us examine this little further. First let us start with describing the firms in the proposed merger. Yes, as it was mentioned beforehand that they came but Office Depot and Office Max wanted to be better competition against Staples who in 2011 was the big tycoon. Well it gets better for Office Depot and Office Max because those that are in charge with keeping up with annual sales and revenue figured that Office Depot and OfficeMax, the second and third largest office-supply chains in the U.S., agreed in February by combining a $1.17 billion deal after losing sales to online rivals and to Staples. They said the merged company would have more than 2,100 stores and...
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...* 网络语言的特点 网络语言是伴随着网络的发展一种有别于传统平面媒介的语 言形式。它以简洁生动的形式一诞生就得到了广大网友的偏爱， 发展神速，是随着互联网的发展和普及，在网络交流过程中产生 的一种特殊的语言现象。由于网络语言是在特殊的网络语境中使 用， 一旦被搬到现实生活， 它就显得滑稽、 搞笑、 让人捉摸不透…… 特别是中小学生，他们接受新事物的能力强，在作文、日常的书 写交流中使用网络语言的概率比一般的人高， 这就出现了令家长、 老师们头疼的一幕——看不懂孩子、学生们的火星文。 1、网络语言形象生动，幽默诙谐。它通过把字母、数字、文 字重组、强拆而达到令人一目了然、耳目一新的感觉。网民发明 了一种取英文字母首字的缩略语构词方式： btw=by the way 顺便； lol=laughing out loud 大笑……或者是谐音，在网络语言中，谐音 超越了单一语言或方言的界限，只要语言的语音相同或是相近， 就可以进行谐音替代， “斑竹——版主” 如： ， “ICU——I see you” ， “稀饭——喜欢”“酱紫——这样子” ， ；也可以用一连窜的数字来 表达， “886——再见” 如： ， “065——原谅我” ， “200——爱你哦” 。 这些另类的词语，很符合中国当代青年求新、求异的心理特征。 2、网络语言简单明快，拒绝规范。在日常的书写表达，我们 通常都需要用很多的词语才能把我们的意思表达清楚，而网络语 言就克服了这个毛病，毕竟在网上聊天要考虑很多因素，如费用， 时间。很难想象一个人坐在电脑前傻傻的呆着，花很长的时间等 待网友的一句回答。所以那些打字慢的网友，基本上不是聊天的 对象，这就逼着网民们动用一切办法来提高打字速度，缩略字数， 但又能表意清楚。因此，网民们利用计算机键盘上的特殊字符表 情达意，以人脸为轮廓，象形的创造了许多极为生动形象且风趣 幽默的正视、侧视的表情和动作的图形，用以表达自己的喜怒哀 乐， 模拟现实交际。 “^_^” 如： (微笑)、 “*_^” (挤眉弄眼)、 “ （@@） ” （童心未泯）“：—”(高兴)等等。这些可爱又生动的字符组合 、 给网络生活增添了许多的生气和实在感。 3、网络语言张扬个性、反叛传统。在调查中可以发现，网络使用者 呈现低龄化、高学历化。这样的人群就决定网络语言张扬个性、反叛 传统的特点。即使个体在现实生活中相貌平庸、沉默寡言，却毫不影 响其在网络中指点江山激扬文字。 丰富多彩的网络语言为网民提供了 展示个性的平台，网民展示个性的文字又丰富了网络语言的空间。网 络语言这种建立在想象基础之上的， 其独特的语言体式和风格表现在 网络语言的词语、数字、字母图形、音韵和中外语言的内涵延展、脱 义和综合转换运用上，表现在句式的简短、倒装、创新和省略上。像 “GG” “MM”代替了“哥哥” “妹妹” ；把“去”说成了“克”“冲 ； 浪”被赋予“在网上进行查询、娱乐等活动”的新义； “恐龙”原指 外形奇特的史前动物，因其形态丑陋而被借用来表示“相貌丑陋的上 网女性”“东东”指代“东西”等等。网友们为了标新立异，反叛传 ； 统还故意拆字，例如最为常见的是将超强拆成走召弓虽，将顶拆成丁 页。这种做法显然不是为了节约打字时间，是网友为了张扬个性而牺 牲输入速度。 二、网络语言存在的原因 1）网络语境决定了网络语言存在 正如黑格尔所说的 “存在即是合理” 凡合乎理性的东西都是现实 ， 的，凡现实的东西都是合乎理性的。网络语言是基于网络而存在，网 络的普及为网民提供了畅通无阻，方便快捷的交流方式，是网络语言...
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...Accounting for Business Combinations: A Test for Long-Term Market Memory By Pongprot Chatraphorn Dissertation submitted to the faculty of the Virginia Polytechnic Institute and State University in partial fulfillment of the requirements for the degree of DOCTOR OF PHILOSOPHY In Business Administration with a Concentration in Accounting Dr. John A. Brozovsky, Chair Dr. Anthony J. Amoruso Dr. Robert M. Brown Dr. Frederick M. Richardson Dr. Keying Ye December 19, 2001 Blacksburg, Virginia Keywords: Business Combinations, Mergers, Acquisitions, Pooling, Purchase Accounting Copyright 2001, Pongprot Chatraphorn Accounting for Business Combinations: A Test for Long-Term Market Memory Pongprot Chatraphorn ABSTRACT The purpose of this research is to examine whether accounting methods for business combinations (purchase and pooling-of-interests accounting) have a different effect on firms’ market value of equity in the combination year and thereafter. In particular, after the accounting method is no longer disclosed in the financial statements, does it have an impact on market value of equity of the combined firms because the accounting figures are different? A five-year period subsequent to a particular business combination is used because public companies are not required to disclose the details of the combination for more than three years after the effective date of the combination. This research, thus, tests whether market participants still take into...
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...Rahi Patel 2/18/2014 FIN 230: Quiz 1 1A) how many elements does the data contain? 7 1B) how many variables are in the data set? 3 1C) which variables are quantitative and which are categorical? Size is categorical and Median income and Unemployment are quantitative. 2A) Compute the average income for the sample. Average=57,500 2B) Compute the average unemployment rate for the sample. Average=8.4 2C) What percentage of the towns in the sample are small towns? 3/7*100=42.8% 3A) How many variables are in the data set? 4 3B) which variables are categorical and which are quantitative? Exchange is categorical and Market cap, P/E ratio, and Gross profit margin are all quantitative. 3C) what is the average P/E Ratio for the sample. Average=22.16 or 22.2 3D) Show a frequency diagram for P/E using the following intervals. I answered it on Excel. 4A) Construct a frequency distribution. Answer in Excel 4B) Construct a relative frequency distribution. Answer in Excel 4C) Construct a cumulative frequency distribution. Answer in Excel 4D) Construct a relative cumulative frequency distribution. Answer in Excel 4E) What proportion of waiting times is below 46 minutes? Answer in Excel 5A) compute the mean, median and mode of the data set. Mean=7.5, Medican=7.250, and Mode=5,7,8 5B) What is the first quartile? Q1=5.125 5C) What is the third quartile? Q3= 9.750 6A) Compute the mean, variance, and SD for gasoline prices. Answer in Excel 6B) Compute the range and interquartile...
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...Introduction The objective of this paper is to explore the role of development finance in economic development in Sub-Saharan Africa. Development Finance is practice of using scarce financial resources in an unconventional ways in order to advance economic activity(ies). According to (Nyembezi, 2009), development finance makes the economy run smoothly and effectively. The aim of the development finance is to look at the challenges and design the framework as well as stimulating core activities that will develop the economic growth. As stated by (Nyembezi, 2009) development finance, in an economy, can be compared to oil in a vehicle engine that ensures its sound and smooth operation. According to (Ocran, 2012), development finance is concerned with the financing of development at: • Household level • Firm level • Geographical area/national/regional level This paper looks at the role of development finance at national and regional level in economic development in Sub-Saharan Africa. The Organisation for Economic Co-operation and Development (2002) defines development finance officially as funding “used in measuring the inflow of resources to recipient countries: including (a) bilateral official development assistance (ODA), (b) grants and concessional and non-concessional development lending by multilateral financial institutions, and (c) Other Official Flows for development purposes (including refinancing Loans) which have too low a Grant Element to qualify as ODA”...
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...Financial Ratios Analysis and Comparison Paper Dianne Davis MHA 612 Professor Johnson June 7, 2014 Abstract It is important for healthcare organizations to understand their present performance and weak areas in order to generate more effective operational strategies. Financial ratio analysis is an effective tool to determine hospital’s performance on several indicators such as ability to pay debt, capability to generate revenue, and sales performance etc. The objective of this paper is to describe role of different financial ratios in understanding organizational performance and in developing new strategy. The paper also presents comparative ratio analysis of local healthcare organization and industry norms. Financial Ratios Analysis and Comparison Paper Introduction Financial planning and effective management play a major role in success of healthcare business. Financial ratio analysis refers to an effective financial management tool that helps in understanding financial performance of the hospital over a period of time. Financial ratio informs about the financial trends and information on key performance indicators that helped in strategy making. Financial ratios can also utilize in comparing business performance of two or more hospitals, and also to assess effectiveness of management. Financial ratios utilized in measuring liquidity of the hospitals, profit evaluation, debt structure, management of cash flow, risk determination...
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...Pimple Scar TreatmentsEffectively Reduce Pimples With Evidence Based Treatment. Call Us.www.pimple.com.sg Have Acne-Prone Skin?3 Steps To Visibly Clearer Skin, Try Vichy's Normaderm Range Now.Vichy.sg/Tri-Active SWOT Analysis DiagramsEasy SWOT Analysis Diagrams See Examples. Free Download!www.SmartDraw.com Celebrate With RWSVisit Universal Studios Singapore. Enjoy 3 Of The Same, & Get 1 On Us!www.rwsentosa.com/3wins Remove Acne NaturallyRenew Your Skin's Appearance. Go Acne Free with an Natural Solution!www.Praventac.com 0 inShare Email Embed DOCUMENT INFO Shared By: kof14335 Categories: Education Tags: harvard business school, harvard business publishing, publication date, location intelligence, blue marble, iese publishing, harvard business review, resultados búsqueda, power tools, hbr articles, aerial imagery, synergos technologies, articles & books, dec 24, three years Stats: views: 4143 posted: 6/15/2010 language: English pages: 12 Public Domain Public Domain Ads by Google Executive Jobs in SG Don't earn $70K? Come back if 'Yes' Executive Jobs in Singapore. www.RegionUP.com Self-Confidence Workshops Training materials to teach self-confidence in the workplace. CorporateTrainingMaterials.com FundCount Software Investment Accounting & Reporting Software for Professionals www.fundcount.com Communication Course The Ultimate Communication Course Five Day London Based Training ImpactFactory.com Technician Jobs Find Technician...
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...Managing Financial Resources and Decision Assignment One As the CFO of 'New Dream' I need to study about our sources of finance including internal and external sources in fifferent stage for the development in new dream. I will give my professional advises onto three task-it is true that profit is source of funding to run New dream?And i also need to find the sources of funding availble for a business project,and no matter it is in private sector,public listing sector or in public sector,on task two,i need to explain and assess the implications of the different sources or funding,on the last task,i need to find out the life-span situation of New Dream and evaluate appropriate source of finanace for starting-up the 'New Dream' and in different stage of New Dream's situations. First,i would like to talk about source of funding of New Dream.New dream is a Educational institutions,it provided english courses for chinese students who want to study TOEFL.In other words,New dream mainly provided knowledge to students,we can see that New Dream make profit by providing english courses to students,about sources of funding,there are three way of company to do funding,such as make profit by selling a product for more than it costs to produce,companies can borrow money. This can be done privately through bank loans, or it can be done publicly through a debt issue. The drawback of borrowing money is the interest that must be paid to the lender,and company can generate money by selling...
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...Integrative Case 7 a. Operating cycle (OC) = average age of inventory + average collection period = 110 days + 75 days = 185 days Cash conversion cycle = OC - average payment period (CCC) = 185 days - 30 days = 155 days Resources needed = cost of operating cycle investment x CCC 365 = $ 26,500,000 x 155 365 = $11,253,424.66 b. Industry OC = 83 days + 75 days = 158 days Industry CCC = 158 days - 39 days = 119 days Industry resources needed = $26,500,000 x 119 365 = $8,639,726.03 c. Casa de Diseno's cost of operational inefficiency : Needed resources $11,253,424.66 Less: needed industry resources $8,639,726.03 $2,613,698.63 x 15% $392,054.79 d. 1. Offering 3/10 net 60 : Average Collection period = 75 days x (100%-40%) (average collection could be reduced by 40%) = 45 days Operating cycle = 83 days + 45 days = 128 days Cash conversion cycle = 128 days - 29 days = 89 days Resources needed = $ 26,500,000 x 89 365 = $6,461,643.84 Additional saving = $2,178,082.19 = $326,712.33 2. Reduction in revenues as a result of the discount : = $40,000 x 45% x 3% = 540,000.00 3. Reduction in investment...
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...Acknowledgment First of we would like to thank our Almighty God. We would like to thank our instructor Solomon for giving us this chance. It was more helpful to know about the course. We would to extend our deep gratitude to Ato Endeshaw for his help in offering us the resources in this study. Last but not least, we would like to thank the company staffs for providing relevant information about the company. Acronyms SRS – Software Requirement Specification GRV- Goods Receiving Voucher SQL- Structured Query Language DBMS- Data Base Management System TABLE OF CONTENT Page 1. Organizational Background----------------------------------------------- 4 2. Current Information System----------------------------------------------- 5 3. Problems----------------------------------------------------------------------- 8 4. Feasibility of the study------------------------------------------------------ 8 5. Project Plan--------------------------------------------------------------------9 6. Requirements-----------------------------------------------------------------11 7. Modelling-----------------------------------------------------------------------23 8. Decision Table----------------------------------------------------------------26 9. E-R Diagram------------------------------------------------------------------27...
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...Eric Ahn Charles Sorrell Bohdana Partridge FINANACE PAPER A firm and its team of managers must make a variety of important decisions to ensure the financial and organizational success on the day-to-day, short-term and long-term horizon. However, in spite of the many other important decisions, arguably one of the most important decisions a firm and its managers must make involves the budgeting and management of financial outlays. By seeking wise counsel, many organizations are able to see the visible fruits that are the yield of good stewardship and decisions. The book of Proverbs was a series of exhortations and encouragements written by King Solomon to his son. In chapter 23 verse 23, Solomon states, “Buy truth, and do not sell it; buy wisdom, instruction, and understanding.” For thousands of years, mankind has been given stewardship of resources; natural, human, intellectual and financial. The process of managing these resources, specifically financial resources, requires intentional short-term and long-term planning. More importantly, in order for capital management to be deemed successful, it is required that all members of an organization are on board. “Capital budgeting is not only important to people in finance or accounting, it is essential to people throughout the business organization”< /span> (Block, Hirt, & Danielsen, 2011). As the duration of the investment period increases, and the size of investment increases, the residual risk also increases. For...
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...Leading the way into health conscious drinks and health conscious snacks Mass production Effective manufacturing and distribution system Competitive Advantage (PepsiCo.com) Customer Acceptance Wide product range Their Logo/Brand has been around for over 100 years and is considered a household name. Acquisition of bottlers Opportunities (PepsiCo.com) Brand management (Starbucks, Lipton)(PepsiCo.com) Healthier products for both snack lines and drink lines (PepsiCo.com) PepsiCo is taking advantage of growth in other countries such as China, Latin America, and other underdeveloped nations which are virtually untouched by rivals and have huge potential. In China PepsiCo is catering to the local tastes in snacks. Threats (Yahoo Finanace) Coco-Cola being the number one brand of North America is PepsiCo’s largest competitor. Drop of sales in soda Private-label products Government regulations Imitators Non-Carbonated and other competitor substitutes Constraints (Colvin, 2012, Huffpost) The regulation change in New York is limiting the allowable sizes of drinks with high sugar content to 16 ounces. Government trying to find more way to get money from various companies Cultural Considerations (PepsiCo.com) Provide a wide range of food and beverages for local taste 100% recyclable materials...
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