...Browning Electrical Company TIMELINE After reading the case study, I put together the following timeline diagram so as to assist me with understanding the case study. Figure 1: Timeline Figure 1: Timeline Although a steady growth rate of 33% has been maintained, the ineffective management of current assets (receivables and inventory) has resulted in a cash flow problem. Positive issues are: * There has been rapid growth in recent years and this is expected to continue in future. * The location of the company is good with access to a railway siding. * The sales have increased annually and are expected to reach R 25 000 000.00 in year 2001. * Browning’s conservative operation of the business was appealing to a number of trade creditors. * No sales representatives were employed, orders were taken over the telephone or by customers visiting the business. Negative issues are: * The company experienced a cash flow problem. * A need existed to increase borrowing from R 1 730 000.00 to R 3 250 000.00. * In order to fund the promissory note issued to Mr Stark, the business land and buildings were mortgaged for R 500 000.00. * Quantity discounts and credit terms of net 30 days were usually offered to customers who comprised of electrical contractors, small builders, handymen and members of the public. * Mr Browning possessed a house that cost R 500 000.00 to build and was mortgaged at R 270 000.00. QUESTIONS A. Explain (quoting...
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...PROBLEMS AT JETBLUE DEBATE Caroline Huyck XBIS219 FRI 09/14/2012 Katherine Escobar PROBLEMS AT JETBLUE DEBATE Jet Blue an airline company, which was started in the year 2000. The first couple of year’s jet blue was up in the running and where doing great capitalizing their company. But in 2006 Jet Blue took a great turn of events causing a down fall in their company. The reason for this downfall was that the managers at jet blue did not do a very good job while thinking things through to make sure this type of thing would not happen while in a disaster, many of the issues consisted to why JetBlue was shutdown. One of the first things that jet blue failed to do was to think ahead, they took their good fortunes in to belief that failure was not an option, but there was failure, one of the top issues was technology, but this was a managerial issue, and jet blue just did not have the technology to get proper help or train properly with such problems as lost luggage. If they had the proper technology they would have been able to keep track of the luggage that was lost. One of the many things you do not want to think about but yet look at is disaster when looking to achieve a great company, but part of this is the job of the managers , you need to think as well as plan ahead for such issues that might arise if a disaster was to arise, also with the managerial team is at fault for not having the information in the way of technology, If I was ahead of Jet Blue, or the owner...
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...1. Describe the differences between financial accounting and managerial accounting. Financial Accounting Provides information to people who are outside of the company, such as shareholders. Financial reporting must be prepared by law. Scope is the entire organization. Prepared by using for 6 months periods or fiscally historical data. Not confidential. Managerial Accounting Provides information to people who are inside of the company, such as top management. No governmental regulations. Product or cost centric. Prepared by future looking forecasts. Confidential. Can be used to make decision on investing or Used for decision making process of not investing the company. managers. Financial Report Parts: 1) Letter by top Management, 2) Financial Statements (Balance Sheet, Income Statement, Statement of Retained Earnings, Statement of Cash Flows and Footnotes) signed by CFO and CIO, 3) Auditors Report (prepared by Dependent and Independent Auditors) 4) Additional Information (Such as Partner Profiles and Company Data Sheets) Reports may include: Sales Forecasting Reports, Budget Analysis, Feasibility Studies, Consolidation Reports. 2. Given below are the daily balances in the accounts of Travel Tips, Inc. Assuming only one transaction occurred each day, explain the nature of each transaction from June 1 to June 10. June 1 June 2 June 3 June 4 Bought $700 of inventory on account. Received $600 payment from the customers. Paid $800 (and account payable decreased)....
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...situation, as well as to provide a critical assessment of the imminent future reconciliation of business strategy in the fishing sector. Research member: Dr. Daniel Lane dlane@uottawa.ca (Supervisor) Arthur So aso@uottawa.ca Date: 1st March 2002 Table of Contents Abstract 3 Introduction 4 Historic background 5 Highlights and milestones of FPI 5 Reference 7 Highlights and milestones of Clearwater 8 Reference 9 Business Drivers 11 FPI 11 Clearwater Fine Foods Inc. 11 Global Markets Analysis 12 Domestic Markets Analysis 17 The Merger Reaction 19 Critical Success Factors and Risks Analysis 20 Projection of the acquisition of FPI by Clearwater 21 Conclusion 22 References 24 Annex A 27 FPI 2000 / 2001 Financial Report 27 Annex B 32 Monthly Average of the Stock Prices 32 Abstract The announcement from the Chairperson of Fishery Products International Ltd. (FPI) on the 6th September 2001, at St. John's, Newfoundland (Nfld), to...
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...1. Do you agree with the argument/logic that led API in 1962 to consolidate its European (continental) production into a single facility? Yes, I agree with the argument given by Allyn and Bower to consolidate its European production into a single facility. The reason being is that firstly, Alden-Europe’s sales were growing at a rate in excess of 40% per year and therefore would be expected to quadruple by 1965. This forecasted sales volume was unable to be produced in the existing facilities as many of them were inefficient and were already operating near capacity and were difficult to expand. Expanding the existing facilities was difficult as it required greater investment in plant and equipment than API’s total existing investment in Europe; locating and training adequate managerial and staff personnel for the expansions was also not easy. Secondly, Europe was moving toward free trade within the continent which would have eliminated the tariffs and discriminatory practices among member countries. Thus, consolidating continental production into a single facility was advantageous. Moreover the risk associated with centralized manufacturing such as supply problems resulting from a plant shutdown or transportation/customs restrictions would reduce to a great extent because of the backup provided by the Buxbridge plant. There were additional benefits of making a consolidated production facility such as it would be easier to balance production in a single, well designed and...
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...countryside lending program, which resulted millions of unsecured and uncollectible loans. For 2 decades, Rural Bank of Suares, burdened by these uncollectible loans, used only the income from any lending activities to write these off. In 1990, stockholders were forced to infuse ₱2,000,000 to reinforce its depleted resources. And in 1993, Rural Bank of Suares reported modest profits for the first time after years of breakeven operations. The stockholders were pleased with the report since it showed growth in both profitability and resources. In 1990’s, during the presidency of Fidel V. Ramos, the Philippine Stock Exchange was one of the best in the world. Philippines 2000 is a socio-economic program introduced by Fidel V. Ramos. The plan envisions the Philippines achieving newly industrialized country status by the year 2000. The stockholders were however surprised by Arguelles’ proposal that the bank should embark on the opening of a branch in the capital city, as its expansion move for 1997, given its small size and its lack of good credit background. Central Problem: The main problem in this case is whether or not the Rural Bank of Suares should open a branch in the capital city. The rivalry in the capital city is already tight, and entering into this competition may be risky for Rural Bank of Suares. Conclusion: Therefore we conclude that Rural Bank of Suares should think it over and regain further. Since the Rural Bank of Suares is ruling a banking monopoly in the town...
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...Y2K is the shorthand name for Year 2000, a computer problem that may affect both environmental and human health in every industrialized or industrializing country. Many thousands of operating computers currently represent the year by two digits: 25 is 1925 and 98 is 1998. When January 1, 2000 rolls around, these computers will assume 00 means 1900, not 2000, unless their software is fixed. Computers that have this "Y2K date problem" are called "noncompliant." If you were born in 1935, a computer this year would determine that your age is 98-35=63. However, two years from now that same computer may determine that your age is 00-35=-35. At that point the computer may stop working, or it may pass this incorrect information on to others, including other computers. This seemingly-simple problem has large consequences. BYTE magazine, a technical computer journal, calls Y2K "a crisis without precedent in human history."[1] FORTUNE magazine calls it "the biggest screwup of the computer age"[2] and says it may cost $1 trillion to fix. (The Vietnam War cost half that much, $500 billion.) The Electric Power Research Institute (EPRI) --a trade association for electric utility companies --says the Y2K problem will begin to disrupt businesses, including electric utilities, a year before the new century begins: "Major disruptions in technical and business operations could begin as early as January 1, 1999. Nearly every industry will be affected," EPRI says.[3] ...
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...sentenced to 24 years in prison. WHAT is now known as the SIA case of 2000 needs little introduction. It involves, after all, still the largest sum of money ever taken by an employee from a company. But the lessons from the case remains highly relevant today with the threat of fraud still posing a significant risk to companies. The SIA case had all the hallmarks of a typical corporate fraud: a trusted, long-serving employee; superiors who failed to carry out proper checks; loop-holes in the system; and accidental discovery. In all, Teo Cheng Kiat, or Henry as he was also known, siphoned almost $35 million, a staggering amount. 'No matter how much you trust your employees, it is always important that internal control systems are implemented in the company to prevent and detect such fraudulent activities,' said James Teo, who led the Commercial Affairs Department (CAD) probe into the case. SIA Complaint Sent To CAD In January 2000, the CAD received a complaint from Singapore Airlines (SIA) that Teo Cheng Kiat, then 47, had misappropriated funds from the company. Teo had joined SIA as a clerk in 1975. He was promoted to supervisor of the cabin crew division in 1988. As supervisor, he oversaw the processing of cabin crew allowances. The discovery of Teo's fraud was later described as 'purely fortuitous' in court. Had he quit while he was ahead, his crime may never have been discovered. But on Jan 18, 2000, one staff member in SIA's internal audit department did an...
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...Old Days Gone “Everybody froze. Everything made no movements at all. It seemed that the world was put in slow motion as another beautiful life was welcomed to the world. Silence continued until everyone heard of the baby’s first cry which as they would say, sounded great. Then, in just a snap, everything became lively again and everyone was grateful for the great news. “It’s a baby girl!” said the doctor. “Thank God” said the family members. The whole family was so thankful for the blessing but who could be more grateful than the baby’s own parents? Who could be happier than Mr. and Mrs. Jose Fernandez Jr.?” In some parts of the world, it is custom to give a child a name that is full of meaning. The name chosen may reflect the parent’s beliefs and values or their hopes and dreams for the child’s future. As for my name, Joanna actually means “God is gracious.” Joanna Lynne was taken from a combination of 3 names, my Dad’s, my Mom’s and my Aunt’s. Dad’s name is Jose. Mom is Erlinda. Aunt is Juanita. My last name, Fernandez was from my great great grandfathers in Pangasinan. When the Spaniards ruled over the country, surnames were also changed. One of the most common used surname at that time was Fernandez and based from my grandmother, those having Fernandez as their surname at that time were entitled to great position in our barangay. Today, I am holding the name Joanna Lynne Fernandez and I am proud of it. With this name is the combined love and effort of my parents to give...
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...* Founded in 1922 * Public service broadcast of Radio and Television * Independent of government and overseen by a board of governers * One of the few Broadcasters in the world which did not carry advertising Reach was to 50 Million/week domestically and 300Million/week worldwide dsadddcv sd sd * BBC was run more as an institution rather than a company * Prior to the year 2000 there were three main divisions designed to deliver value for money a) Resources b) Program Production c) Program Broadcasting * Each division had its own head quarters and they traded with each other in an internal market * Chief executive was in touch with all operations * There was clear definition of responsibilities * Decision making was slow because senior managers were overburdened * Co- ordination between functions were difficult * Difficult to cope with diversity and failure to adapt (focus was internal rather than on audience.) The Structure in place during John Birt was clearly Functional Structure * Flatter and flexible structure was put in place. * Senior management layer was removed – 17 directors would report directly to Director General * Removal of duplications of central and support functions * Simplifying internal trading * Control by performance * Specialization of competencies * Geographic divisions for better control * Each division became independent and self sufficient * Because of this...
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...Entrepreneurship Name Institution Instructor Course Date The process that has been used in developing a successful venture will require a detailed evaluation of the investment opportunity that has been identified. In this discourse ,I placed my focus on the criteria used by Maclean Palmer to develop and market his private capital fund. In addition I have identified that Palmer and his partners view the year 2000 as one of the largest fundraising years hence the group has sought to tap into the opportunity availed by the year. Initial capital is going to be raised through the sale of the partner’s properties. This is going to be followed by active lobbying which is aimed at convincing investment advisors to commit capital to the enterprise. During the process of evaluating the venture, I have identified that investors have realized that they are going to contend with a number of risks. These risks include long-term investments, which offer no chance of exit, the organization’s inadequate history on successful management of an equity fund and high levels of competition from well-established organizations. However, I have identified that hiring managers from the Fortune 1000 companies can reduce the probability of these risks occurring. This will ensure that the company undertakes value addition hence attracting more clients. In addition, I am of the view that the probability of these risks occurring can...
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...it has also resulted in ethical issues that have implemented the creation of acts by the government that should be followed. Two very popular acts that have come about raising ethical issues are the “Do Not Call Implementation Act of 2003” and the “Children’s Internet Protection Act of 2000”. The United States passed the Do Not Call Implementation Act in 2003 to protect consumers from unwanted phone calls from telemarketers. The act provides that the FTC( Federal Trades Commission) may establish fees sufficient to implement and enforce the provisions relating to the “do not call” registry. Whoever registered on the “do not call” list could be assured that telemarketers would not be able to reach them any more, this would now be considered illegal as of 2003. People can now rest from those harassing calls that would be non-stop until this law was enacted. The only catch was that if any previous business or contact was done with a specific company this gave them complete access to keep contacting you. So be careful whom you distribute your number to because this will open unwanted doors. The Children’s Internet Protection Act, otherwise known as CIPA, was enacted by congress in the year 2000 to demonstrate the concerns there was about children’s access to obscene or harmful content on the Internet. The "Children's Internet Protection Act" (2011) website states that this safety policy specifically pertains to schools and libraries, it must block or filter Internet access to...
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...Server Vault: “Reliable, Secure, and Wicked Fast” Case: Server Vault: “Reliable, Secure, and Wicked Fast” University of Virginia – UVA F-1304 According to the information of Sever Vault’s case, in early 1999, Patrick Sweeney and Jim Zin started their own hosting company “Server Vault” with the two of them acting as the CEO and CFO of the company. Within the hosting industry, Server Vault served a segment of hosting customers who were Internet-reliant and security-savvy (Server Vault, UVA-F-1304, 2011). Moreover, the company always offered customers the ability to create their own basic- outlook website as well as a more complex-outlook page used for marketing. Inside the hosting market, Server Vault had specialized in the “secure and reliable” parts differentiating themselves from their competitor’s product. The firm had seven layers of security protection as a secure -building for their main desktop. They used their seven layers as the key to protect their data center (the vault) and all the information of their customers. To earn revenue, customers pay the setup-fee and monthly-fees. This revenue allowed Server Vault to maintain the servers and supporting servers as well as advertise their product on the Internet. When Sweeney and Zin started up Server Vault, they had already loaned money from their friends and small investors to run the company. However, for Server Vault to continue to grow at the rate that they would like, they will need to gain further investors...
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...Club It Part 1 Club IT Part 1 The proper acquisition and utilization of information technology (IT) in any business or company is ultimately what can make or break a business. Without suitable information technology systems in place information can be misconstrued, accounting may be inaccurate, human resources can be in disarray, and the health of the business or company can be jeopardized. Club IT is a hip and trendy downtown club that offers food, beverages and musical entertainment. Club IT was founded in the year 2000 by Ruben Keys and Lisa Tejada, who first met while both were attending college to obtain degrees in Business Administration. Ruben and Lisa both had a lifelong dream of owning a nightclub in which people could gather for good food, delicious drinks and exciting live entertainment. Club IT’s Mission and Primary Clientele The primary clientele of Club IT is a younger crowd of people. Club IT plays a variety of music but the general genre of the music is focused on electronic, hip-hop, techno, MP3 and live music bands. When Ruben and Lisa remodeled Club IT, they focused on using open spaces and vivid and lively lighting to draw more of an upbeat crowd of people rather than developing a quiet and relaxing environment. Every good business should have a legitimate and reassuring mission statement in place that states and describes the intent and delivery of services or goods to consumers. The owners of Club IT Keys, R., Tejado, L...
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...DIVERSIFICATION AND GLOBAL POSITION 3 Advanced Micro Devices, Inc. is ranked as the as the world’s second largest PC chipmaker with a market share of just 17%, far behind Intel Corp. with 81% of the market (Buckman and Williams 2001, 1). However, in 2000 AMD’s sales jumped 63% to $4.6 billion, producing $983 million in net income and its first profitable year since 1995 (Streetwalker 2001, 1). AMD owns engineering, manufacturing, warehousing and administrative facilities where it produces not only PC chips but also microprocessors, memory circuits, logic circuits, flash memory devices, telecommunication products and embedded processors (Moody’s 2000, 2520). The company’s headquarters and research and development site are located in Sunnyvale, CA, while the wafer manufacturing plants are located in Austin, TX and Dresden, Germany. The test and assembly facilities are located in Bangkok, Thailand and Penang, Malaysia. The company has also established production at the Singapore’s test and assembly facility as well as an analysis and design plant in Suzhou, China. In addition, a new plant in Japan, a joint venture of AMD and Fujitsu, called AMD Fujitsu Semiconductor Ltd. or FASB, will begin operations in the first half of 2001 (Dum 2000, 2). AMD, like many technological multinational enterprises (MNE), prefers to locate its factories and assembly plants in technology clusters in stable and democratic countries. However, AMD knows that East Asia is one of the best places...
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