Nucor at a Crossroads Background of the US steel industry In 1986 total domestic steel consumption in US was 90 million tons‚ this comprised of 69 million tons of domestically produced steel and 21 million tons imported. Post 1979‚ the demand for steel started falling year on year due to stagnation of many steel-intensive industries‚ particularly construction and availability of substitutes such as aluminium‚ plastics and advanced composite. US Steel makers | Integrated | Mini mills |
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Nucor at a Crossroads MGMT XXXX-XXX Nucor’s Historic Performance‚ Competitive Advantage‚ and Five Forces Analysis With roots dating back to 1904 in the automobile manufacturing industry‚ Nucor’s business strategy has morphed many times over the course of the past century in response to struggling sales and unrealized business strategies. Since F. Kenneth Iverson’s appointment as Nucor’s President in 1965‚ however‚ Nucor has performed very well. With a focus on efficiency‚ Nucor
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units/second = 24.83 toy--‐trucks per hour Q4.4. 12 tasks to 4 workers (a) (a) Capacity = 1 / 85 sec = 42.35 units per hour (b) Direct labor content = (70+55+85+60) sec = 270 sec/unit or 4.5 min/unit (c) Labor utilization = labor content / (labor content + total idle time) = 270 sec / (270 + 15 + 30+ 0 +25 sec) = 79.41% (d) Note that we are facing a machine paced line‚ thus the first unit will take 4*85 seconds top go through the empty system. Flow Time = 4 * 85 sec + 99 / (1 / 85 sec) = 8755 sec or 145.92
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Accounts receivable D. Prepaid expenses 3. An asset is considered to be liquid if: A. it is readily converted into a current asset. B. it is an intangible asset. C. it is readily converted into cash. D. it is part of retained earnings. 4. Analysis of a company’s assets will help evaluate its: I. liquidity. II. solvency. III. operational capacity. IV financing ability. A. I‚ II‚ III and IV B. 1‚ II and IV C. II‚ III and IV D. I‚ II and III 5. For Control Furniture Co.‚
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Nucor at a Crossroads On December 7‚ 1986‚ F. Kenneth Iverson‚ chairman and chief executive officer (CEO) of Nucor Corporation‚ awaited a delegation from SMS . Iverson had to decide whether to commit Nucor to a new steel mill that would commercialize thin-slab casting technology developed by SMS. Preliminary estimates indicated that the mill would cost $280‚ and that start-up expenses and working capital of $30 million each would push the total cost to $340 million. Successful commercialization
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Question 11. In early 2003 Bristol-Myers Squibb announced that it would have to restate its financial statements as a result of stuffing as much as $3.35 billion worth of products into wholesalers’ warehouses from 1999 through 2001. The company’s sales and cost of sales during this period was as follows: 2001 2000 1999 Net sales $18‚139 $17‚695 $16‚502 Cost of products sold 5‚454 4‚729 4‚458 The company’s marginal tax rate during the three years was
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Q Suppose we are thinking about replacing an old computer with a new one. The old one cost us 650‚000; the new one will cost 780‚000. The new machine will be depreciated straight-line to zero over its five-year life. It will probably be worth about 140‚000 after five years. The old computer is being depreciated at a rate of 130‚000 per year. It will be completely written off in three years. If we do not replace it now‚ we will have to replace it in two years. We can sell it now for 230‚000; in two
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carrying value of an asset is not recoverable. Per the same standards‚ carrying value is not recoverable “if it exceeds the expected future cash flows to be derived from the asset on an undiscounted basis” (FASB‚ ASC 360-10). In the Property Solutions Inc. case‚ the carrying value of the building on 10/1/2017 was $1‚650‚000 and the expected future cash flows are $1‚214‚940. Per the definition of impairment loss stated above‚ the asset is impaired. In calculating the loss‚ we must compare the carrying
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American values at the crossroads: Assignment 1: The constitution The Constitution of the United States of America is the supreme law of the United States. Empowered with the sovereign authority of the people by the framers and the consent of the legislatures of the states‚ it is the source of all government powers‚ and also provides important limitations on the government that protect the fundamental rights of United States citizens. Why a Constitution? The need for the Constitution grew
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A crossroad is described as an intersection between two or more roads. A crossroads village is described as a settlement‚ that is situated where two or more roads intersect. A crossroads village often contains numerous services that can conveniently support the high volume of traffic experienced. In this essay I will evaluate the site and situation of the Nottingham Road area. Through this evaluation I will support the notion that Nottingham Road is a cross roads village. I will also provide a brief
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