Case 07-2: Western Aluminum Introduction Western Aluminum‚ INC expanded its operations through the acquisition of Smelter. By the end of 2007‚ Smelter is projected to produce 30% of Western Aluminum’s inventory. Western Aluminum evaluated its current practices in comparison to Smelters current FIFO Inventory management system and issued a proposal to change their inventory valuation method from LIFO to FIFO. Factors to Consider Western Aluminum addressed multiple topics to validate their
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Case 12-7 Facts: Rossi Inc.: Asbestos Litigation Liability: The cost of settlement and defensed costs relating to currently pending claims and future claims for losses incurred to date. Liabilities recorded per/as at Dec 31. 2009 2008 2007 Rossi Inc. $962m $1‚055m $469m Thompson (External Specialist) $1124m $1‚055m Internal Actuarial Specialist $907m‚ $1‚184m‚ and $1‚514m The 2007 claim estimate is projected through 2011. The 2008 and 2009 estimate are projected through 2017
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Discussion Questions for the Aluminum Case Group: 1. Conduct a S-C-P analysis for the Aluminum industry. Is primary aluminum production industry an attractive(profitable) industry? Why and why not. 2. Using information in the case and the data from the attached spreadsheet‚ construct the industry supply curve for primary aluminum. Please note the marginal costs are used to derive the supply curve and be careful as to what cost items can be counted as “marginal” costs. DO NOT use regressions
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the table’s columns. Answer: TRUE Diff: 1 Page Ref: 281 2) The SQL keyword CONSTRAINT is used to define one of five types of constraints. Answer: TRUE Diff: 1 Page Ref: 283 3) The SQL keyword PRIMARY KEY is used to designate the column(s) that are the primary key for the table. Answer: TRUE Diff: 1 Page Ref: 283‚ 289 4) The SQL keyword CONSTRAINT is used to limit column values to specific values. Answer: TRUE Diff: 2 Page Ref: 283‚ 289 5) The SQL keyword CONSTRAINT is used
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Aluminum is traded in competitive markets. Up to 1994‚ there were a handful of major firms that dominated the primary aluminum production. During 1980s‚ the top five private producers held more than one-third but less than one-half of the world’s production. However‚ by 1994‚ their share of the market dropped to one-third of the world’s production. Assume that no smelter has exited or entered the market since 1994 till 2010. Therefore current smelter is either still operating or idle. Also‚ technologies
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Unit 07 The Monarchy Appearance The Monarchy in Britain illustrates the contradictory nature of the constitution. It is believed that the Queen has almost absolute power and all seems very undemocratic. Every years when the Parliament begins its activities‚ Queen Elizabeth II makes a speech in which she announces what “my government” will do along the year. So the government belongs to her instead to the people. It is very different from the situation in other countries like USA or Argentina‚ where
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Aluminum Production What is aluminum? Aluminum is an abundant metallic chemical element which is widely used throughout the world for a wide range of products. The Element Aluminum Atomic Number: 13 Melting Point: 660.323°C Boiling Point: 2519°C Density: 2.70 grams per cubic centimeter Phase at Room Temperature: Solid Element Classification: Metal Period Number: 3 Group Number: 13 Group Name: none What is aluminum used for? • Transportation: In addition
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RECYCLING ALUMINUM PURPOSE To determine the mass of a hydrated aluminum potassium sulfate salt in a sample of impure scrap aluminum from a common beverage can. The sample will be passed through a filter paper using a funnel‚ after being boiled on a hot plate in a fume hood and dissolved in a solution of potassium hydroxide to remove the impurities. By adding an excess of sulfuric acid and cooling the solution in an ice bath‚ the technique of vacuum filtration using a Buchner funnel will be employed
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Aluminum Formwork CEM 426 Professor D. O’Mahoney Ahmed Hilal Aluminum formwork is a rapid pace construction system for forming cast in place concrete structures. Formwork the term given to either temporary or permanent molds into which concrete or similar materials are poured. In the context of concrete construction‚ the “falsework” supports the shuttering molds. This formwork is built out of prefabricated modules with a metal frame (usually steel or
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is aggregation of variable costs whose amount varies pertaining to production quantity. The lists of marginal cost are as follows. ◎ The lists of marginal cost Item | Description | TotalElectricity Cost | in the case of new plant of Alusaf‚ it amount of 16% of per ton aluminum price for every ton of produced aluminumthus electricity is bundled with production | Total Alumina Cost | alumina is the raw material of smelter‚ naturally variable cost | Other Raw Materials | the amount of coke&
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